Ad of Ivy Science and Technology Fund (WSTAX)

Ivy Science and Technology Fund (WSTAX) is a top sector stock mutual fund. Find equity fund review and news by Ivy Funds.

Top Mutual Fund

Ad of Ivy Science and Technology Fund (WSTAX)Investing in sector stock mutual fund is high risk and high reward for investors. Ivy funds provide several top sector mutual funds. One of the best funds is Ivy Science and Technology Fund (WSTAX). Ivy funds provide a latest investing ad which titled as “Focused on Growth, Rooted in Innovation.”

Should you invest in this top mutual fund? Whether it is in your brokerage account, retirement account (IRA), or 401k plan, you need to find the fund details. Find the fund review below.

The ad details are as follows:
Ivy Science and Technology Fund (WSTAX) 
Focused On Growth. 
Rooted In Innovation. 
Innovation can be a catalyst for change, giving companies a true competitive edge. In turn, this can create growth opportunities for investors. The Ivy Science and Technology Fund takes a broad view of innovation, investing in both the companies driving innovation as well as those applying these innovations to improve business efficiencies. 
At Ivy Funds, we use a collaborative process – born on rigorous debate, hands-on research and a proven cross-disciplinary approach – to fully assess the opportunities we pursue on behalf of our investors every day. To learn more, visit 
Lipper Rankings (As of 07/31/2013)
Category: Science and Technology Funds
1-Year11 of 1538
3-Year9 of 1457
5-Year10 of 1368
10-Year3 of 1043

Rankings are for Class A Shares and are based on average annual total returns, but do not consider sales charges. Past performance is not a guarantee of future results. 
Ivy Funds – The World Covered 
Investors should consider the investment objectives, risks, charges and expense of a fund carefully before investing. For a prospectus, or if available, a summary prospectus, containing this and other information for the Ivy Funds, call your financial advisor or visit us online at

Ivy Fund Review

Ivy FundsThe fund’s objective is to seek growth of capital. This Ivy Science and Technology fund is ranked with 5-stars and Bronze rating by Morningstar. The total net assets are $3.9 billion.  The CUSIP is 466000718. It is currently managed by Zachary H. Shafran. The annual expense ratio is 1.37%. The dividend is distributed quarterly. The annual holdings turnover as of November 10, 2013 is 43%.

This equity fund uses S&P North American Technology TR as its benchmark. This mutual fund invests mainly in science and technologies companies. It has YTD return of 39.80%. The best 1-year total return was achieved in 2009 with 39.55%. The class A fund has a sales load of 5.75%/ Based on the load adjusted returns, the performance of the fund is as below:
  • 1-year: 37.58%
  • 3-year: 18.61%
  • 5-year: 19.79%
  • 10-year: 12.82%
The top 5 equity holdings as of October 2013 are Micron Technology Inc (8.0%), Cree Inc (5.4%), Alliance Data Systems Corporation (4.8%), Aspen Technology Inc (4.2%) and Microsoft Corporation (3.6%). Information Technology is the top sector allocation (68.07%).

You can also invest in other classes of this fund:
  • Ivy Science & Technology A Load Waived (WSTAX.LW)
  • Ivy Science & Technology B (WSTBX)
  • Ivy Science & Technology C (WSTCX)
  • Ivy Science & Technology E (ISTEX)
  • Ivy Science & Technology I (ISTIX)
  • Ivy Science & Technology R (WSTRX)
  • Ivy Science & Technology Y (WSTYX)

Last Word

  • Investing in sector fund involves risks. If you want to invest, invest not more than 20% of assets in this fund.
  • Try to invest in no load fund such as Class I, or Class R.


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