Ivy Asset Strategy Fund

Scorecard
3 / 5 Stars
Lipper
4 3 1 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
C (Hold)

Fund Holdings

According to Value Line, this actively-managed fund typically holds 70 percent in stocks, 25 percent in bonds, and 5 percent in money market securities. However, Morningstar notes that the fund has a very flexible mandate and "can go from 0 percent to 100 percent of assets in several classes." According to Ivy Asset Strategy's prospectus, "Generally, in determining whether to sell a security, [management] considers many factors, including a deterioration in a company's fundamentals caused by global-specific factors such as geo-political changes, regulatory or currency changes, or increased competition, as well as company-specific factors, such as reduced pricing power, diminished market opportunity, or increased competition."

Asset Allocation

% Long % Short % Net
Cash 27.49 11.04 16.44
Stocks 32.2 0.0 32.2
Bonds 2.81 0.0 2.81
Other 9.02 4.19 4.83
Foreign Bonds 2.31 0.0 2.31
Foreign Stocks 41.41 0.0 41.41
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
GOLD BULLION --- --- 6.49
Galaxy Entertainment Group Ltd. 00027 --- 6.03
Sands China Ltd. SCHYF 1.95 4.76
Gold 100 Oz Futr Feb14 --- --- 4.12
Wynn Resorts Ltd WYNN 25.7 3.16
AIA Group Ltd. AAIGF -5.16 2.76
Delta Equity 1 --- --- 2.48
Ivy Asf Iii (Sbp), Llc --- --- 2.4
CBS Corporation Class B CBS 3.47 2.38
Cisco Systems Inc CSCO -3.08 1.75

Bond Ratings (%)

Updated 12.31.2013

Sector IASRX
AAA 0.22
AA 0.0
A 0.0
BBB 0.0
BB 0.0
B 68.06
Below B 0.0
Other 31.72