Fund Detail

Ivy Focused Growth NextShares

Track Fund
$24.43 NAV as of 9/21/2017
($0.08) / -0.32% Daily NAV Change
21.36% YTD (NAV) as of 9/21/2017 i

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Fund Summary

Seeking quality growth companies with competitive advantage
High conviction
A concentrated, high active share, low turnover portfolio.
Quality Growth
Focuses on those relatively few business franchises that can preclude and mitigate competition through identifiable competitive advantages. A bottom-up stock process that identifies companies with higher growth rates, higher profitability, lower debt to capital ratios and lower dividend yields relative to peers and benchmark.
Experienced Management
Management team has managed large-cap growth strategies for nearly 30 years and has 40+ years of professional investment experience.
Portfolio Management
  • Daniel P. Becker, CFA

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 28 Years in Industry
  • Bradley M. Klapmeyer, CFA

    • — Ivy Investment Management Company
    • — <1 Years with Fund
    • — 17 Years in Industry
Documents
Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL
Daily Prices as of 9/21/2017
Net Asset Value $24.43  
NAV Change Rate ($0.08)  
Share Price (as of 9/20/2017) $24.51  
Share Price Change Rate (as of 9/20/2017) ($0.06)  
Share Price Percent Change Rate (as of 9/20/2017) -0.24%  
Fund Facts
Ticker Symbol IVFGC
CUSIP 466013109
Fund Code 189
Fund Type Domestic Equity
Fund Inception 10/17/2016
Class Inception 10/17/2016
Fiscal Year End June
Dividends Paid December
Fund Assets
(as of 8/31/2017)
$10.5 mil
Total Equity Holdings
(as of 8/31/2017)
24
Total Holdings
(as of 8/31/2017)
25
Portfolio Turnover Rate
(as of 6/30/2017)
25%
BenchmarkRussell 1000 Growth TR USD

Fund Performance

Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

Monthly Rates of Return Average Annual Total Returns as of 8/31/2017

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV 20.97% N/A N/A N/A N/A 22.01% 10/17/2016
Russell 1000 Growth TR USD 19.17% 20.81% 11.67% 15.41% 9.39% 22.55% N/A
Fund at Market Price 20.96% N/A N/A N/A N/A 22.06% 10/17/2016

Quarterly Rates of Return Average Annual Total Returns as of 6/30/2017

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE Inception Date
Fund at NAV 14.23% N/A N/A N/A N/A 15.21% 10/17/2016
Russell 1000 Growth TR USD 14.00% 20.42% 11.11% 15.30% 8.91% 17.23% N/A
Fund at Market Price 14.23% N/A N/A N/A N/A 15.26% 10/17/2016

Expense Ratios as of 10/31/2016

Net 0.78%
Gross 1.18%

Fund Distributions

Historical Prices Inception 10/17/2016

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Historical Distributions Inception 10/17/2016

Ex-date Income Capital Gains Reinvest Gains Payment Date

*Special Dividend
The table includes the daily prices at NAV (net asset value) for the history of this fund's selected share class. NAV is the amount per share you would receive if you sold shares that day.

Fund Documents

Top 10 Equity Holdings as a % of net assets as of 8/31/2017

Alphabet, Inc., Class C Alphabet Inc. operates as a holding company that, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products. 6.02%
MasterCard, Inc., Class A MasterCard Incorporated (MasterCard) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks. 6.01%
Adobe Systems, Inc. Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. 5.94%
Microsoft Corp. Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses and supports a wide range of software products for computing devices. 5.07%
Facebook, Inc., Class A Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. 4.96%
Home Depot, Inc. (The) The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement and lawn and garden products and provide a number of services. 4.68%
salesforce.com, Inc. Global customer relationship management company focused on sales, marketing and analytics. 4.58%
Philip Morris International, Inc. Philip Morris International Inc manufactures and sells cigarettes and other tobacco products in markets outside of the United States of America. The company's portfolio comprises international and local brands. 4.56%
Visa, Inc., Class A Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. 4.51%
Amazon.com, Inc. Amazon.com, Inc. operates as an online retailer in North America and internationally. 4.17%
Total Portfolio Holdings DOWNLOAD (as of 6/30/2017)
updated quarterly, upon availability
Top 10 Industry Allocation (as a % of Equity Holdings as of 8/31/2017)
Internet Software & Services 11.7%
Data Processing & Outsourced Services 11.2%
Application Software 11.2%
Biotechnology 7.4%
Systems Software 5.4%
Home Improvement Retail 5.0%
Tobacco 4.8%
Internet & Direct Marketing Retail 4.4%
Semiconductor Equipment 4.4%
Cable & Satellite 4.4%
Sector Allocation as a % of equity assets as of 8/31/2017
Information Technology 51.29%
Consumer Discretionary 16.38%
Health Care 10.55%
Industrials 9.33%
Financials 7.61%
Consumer Staples 4.84%
Portfolio Composition as a % of net assets as of 8/31/2017
Domestic Common Stock 94.23%
Cash and Cash Equivalents 5.77%
Equity Country Allocation as a % of equity assets as of 8/31/2017
United States 97.4%
Italy 2.6%
Total Portfolio Holdings
DOWNLOAD (as of 6/30/2017)

Fund Documents

Documents

Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL

Additional Fund Literature

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Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

Risk factors: The value of the Fund's shares will change, and you could lose money on your investment. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Investing in companies involved primarily in a single asset class (large cap) may be more risky and volatile than an investment with greater diversification. Growth stocks may be more volatile or not perform as well as value stocks or the stock market. These and other risks are more fully described in the Fund's prospectus.

Index Description: The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It is not possible to invest directly in an index.

Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of an Ivy NextShares exchange-traded managed fund. This and other important information is contained in the prospectus and summary prospectus, which may be obtained here or from a financial advisor. Read it carefully before investing.

About NextShares: Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs. Trading prices are linked to the NextShares next-computed NAV and will vary by a market-determined premium or discount, which may be zero; may be above, at or below NAV; and may vary significantly from anticipated levels. Purchase and sale prices will not be known until the NextShares NAV is determined at the end of the trading day. NextShares do not offer the opportunity to transact intraday based on current (versus end-of-day) determinations of a fund's value. Limit orders can be used to control differences in trade prices versus NAV (cost of trade execution), but cannot be used to control or limit execution price. Buying and selling NextShares may require payment of brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a shareholder’s NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than he or she acquired the shares.

Ivy NextShares are a new type of fund. NextShares funds have a limited operating history and may not be available at all broker/dealers. There is no guarantee that an active trading market for NextShares funds will develop or be maintained, or that their listings will continue or remain unchanged.

Please remember that an investment in an Ivy NextShares exchange-traded managed fund involves risk. Investment return and principal value of an Ivy NextShares investment will fluctuate, and when redeemed, may be worth more or less than its original cost.

NextShares™ is a trademark of NextShares Solutions LLC. All rights reserved. Used with permission.

Market trading prices of NextShares are linked to the fund's next-computed net asset value (NAV) and will vary from NAV by a market-determined premium or discount, which may be zero.

Fee Waiver and/or Expense Reimbursement: Through October 31, 2017, Ivy Investment Management Company (IICO), the Fund’s investment manager, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund’s accounting and administrative services agent, has contractually agreed to reimburse sufficient management fees and/or accounting and administrative services fees to cap the total annual ordinary fund operating expenses at 0.78%. Prior to that date, the expense limitation may not be terminated by IICO, WISC or the Board of Trustees.

Pricing: All prices and year-to-date returns are based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time. YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

When a fund's share class has less than a year of performance to report, the returns shown are cumulative.

Information is subject to change and is not intended to represent any past or future investment recommendations.

Ivy NextShares funds are managed by Ivy Investment Management Company and are distributed by ALPS Distributors, Inc.

ALPS Distributors, Inc., NextShares Solutions LLC, and Ivy Investment Management Company or Ivy Distributors, Inc. (or their affiliates), are all unaffiliated companies.