Waddell & Reed Advisor New Concepts Fund

Scorecard
4 / 5 Stars
Lipper
4 4 4 1 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
3 / 5 Stars
TheStreet.com
D+ (Sell)

#119 in Mid-Cap Growth

U.S. News evaluated 223 Mid-Cap Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 24.84 percent over the past year, 12.15 percent over the past three years, 27.83 percent over the past five years, and 11.36 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.1%
1 Year 24.8%
3 Years (Annualized) 12.2%
5 Years (Annualized) 27.8%
10 Years (Annualized) 11.4%

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Summary

The investment seeks growth of capital. The fund invests primarily in common stocks of mid capitalization companies that Waddell & Reed Investment Management Company (WRIMCO), its investment manager, believes are high quality and/or offer above-average growth potential. Mid capitalization companies typically are companies with market capitalizations within the range of companies in the Russell Midcap Growth Index at the time of acquisition.

Fees

Fees are Low compared to funds in the same category.
Waddell & Reed Advisor New Concepts Fund has an expense ratio of 1.41 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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