From #FOMO to #JOMO
For many, social media can present envy-induced anxiety often referred to as FOMO (Fear of Missing Out). Discover why some are opting out of jam-packed weekends for a quieter experience or JOMO (Joy of Missing Out).
|Net Asset Value (NAV)||$10.26|
|Daily NAV Change||($0.05)||-0.48%|
|Weekly NAV Change||($0.07)||-0.68%|
|Public Offering Price (POP)||$10.89||—|
|Fiscal Year End||September|
(as of 1/31/2017)
|Total Equity Holdings
(as of 1/31/2017)
(as of 1/31/2017)
|Lipper Category||International Small-/Mid-Cap Growth Funds|
|Morningstar Category||Foreign Small/Mid Blend|
|Benchmark||MSCI EAFE Small Cap NR USD|
|Fund at NAV||N/A||N/A||N/A||N/A||N/A||0.70%|
|Fund with 5.75% sales charge||N/A||N/A||N/A||N/A||N/A||-5.09%|
|MSCI EAFE Small Cap NR USD||3.53%||14.82%||3.82%||9.57%||3.09%||2.03%|
|Fund at NAV||N/A||N/A||N/A||N/A||N/A||N/A|
|Fund with 5.75% sales charge||N/A||N/A||N/A||N/A||N/A||N/A|
|Date||Price||Dividend Reinvest Date||Capital Gain Reinvest Date|
|Asset Management & Custody Banks||3.1%|
|IT Consulting & Other Services||2.6%|
|Hotels, Resorts & Cruise Lines||2.4%|
|Heavy Electrical Equipment||2.4%|
|Foreign Common Stock||95.76%|
|Cash and Cash Equivalents||4.24%|
|Isle Of Man||3.5%|
Risk factors: The value of the Fund's shares will change, and you could lose money on your investment. International investing involves additional risks including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets. Investing in small-cap stocks may carry more risk than investing in stocks of larger more well-established companies. The value of a security believed by the Fund's manager to be undervalued may never reach what the manager believes to be its full value, or such security's value may decrease. These and other risks are more fully described in the Fund's prospectus. Not all funds or fund classes may be offered at all broker/dealers.
The MSCI EAFE Small Cap Index is an equity index which captures small cap representation across developed markets and countries around the world, excluding the US and Canada. It is not possible to invest in an index.
Fee Waiver and/or Expense Reimbursement: Through January 31, 2018, Ivy Investment Management Company (IICO), the Fund's investment manager, Ivy Distributors, Inc. (IDI), the Fund's distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund's transfer agent, have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) as follows: Class A shares at 1.45% and Class I shares at 1.15%. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees. Certain common expenses applicable to all share classes also may be waived to cap total annual ordinary fund operating expenses, which may serve to reduce the expense ratio of certain share classes below its respective expense cap. Fee Waiver and/or Expense Reimbursement: Through January 31, 2018, IDI and/or WISC have contractually agreed to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses of the Class Y shares do not exceed the total annual ordinary fund operating expenses of the Class A shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated without the consent 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.
The Fund is sub-advised by I.G. International Management Limited, which delegates to its subsidiary, I.G. Investment Management (Hong Kong) Limited, for additional portfolio management responsibilities. References to I.G. International Management Limited include both entities.