Select a Fund Family and Share Class
Go

Ivy Proshares MSCI ACWI Index Fund

  • $11.36 NAV as of 12/15/2017
  • ($0.04) / 0.35% Daily NAV Change
  • YTD (NAV)

Summary

Looking for access to market opportunities beyond the U.S.?

This Fund seeks investment results, before fees and expenses, that track the performance of the MSCI All Country World Index. With about 70% of the world's investment opportunities outside the U.S., why limit investment growth potential to one market place? Many international firms have diversified operations with revenues from the U.S. as well as other countries. They are active in sectors as diverse as energy, agriculture, financial services and consumer goods.

Morningstar Style Box

Blend
Large
Source: Morningstar

Portfolio Management

Alexander Ilyasov

  • ProShare Advisors LLC (Sub-adviser)
  • <1 Year with Fund

Scott Hanson

  • ProShare Advisors LLC (Sub-adviser)
  • <1 Year with Fund

Perspectives

Quarterly Fund Commentary

Daily Prices as of 12/15/2017

Net Asset Value (NAV) $11.36
Daily NAV Change ($) ($0.04) 0.35%
Weekly NAV Change ($) $0.02 0.18%
Public Offering Price (POP) $11.65

Fund Facts

Ticker Symbol IMWAX
CUSIP 46600A377
Fund Code 660
Fund Type Global/International
Fund Inception 4/20/2017
Class Inception 4/20/2017
Fiscal Year End September
Dividends Paid March, June, September, December
Fund Assets (as of 11/30/2017) $75.3 mil
Total Equity Holdings (as of 11/30/2017) 1236
Total Holdings (as of 11/30/2017) 1238
Portfolio Turnover Rate (as of 9/30/2017) 51%
Lipper Category Global Large-Cap Core Funds
Morningstar Category World Large Stock
Benchmark MSCI ACWI Index

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.

Performance at NAV does not include the effect of sales charges, if it had, performance shown would be lower. Class A shares, including sales charges, reflects the maximum applicable front-end sales load.

Monthly Rates of Return

Average Annual Total Returns as of 11/30/2017
(Returns for periods of less than 1-yr are not annualized)
 
Fund at NAV 13.81%
Fund with 2.50% sales charge 10.93%
Lipper Global Large-Cap Core Funds 21.80% 23.98% 7.14% 10.28% 4.54% 14.15%
MSCI ACWI Index 22.00% 24.64% 8.01% 10.94% 4.37% 15.12%

Quarterly Rates of Return

Average Annual Total Returns as of 9/30/2017
(Returns for periods of less than 1-yr are not annualized)
 
Fund at NAV 9.50%
Fund with 2.50% sales charge 6.73%
MSCI ACWI Index 17.25% 18.65% 7.43% 10.20% 3.88% 10.64%
Lipper Global Large-Cap Core Funds 17.96% 17.60% 6.90% 10.01% 4.21% 10.39%

Expense Ratios as of 4/20/2017

Net 0.90%
Gross 1.23%

5-Year Standard Deviation as of

MSCI ACWI Index N/A

Distributions

Historical Prices Inception 4/20/2017

12/1/2017 $11.32 NO NO
12/4/2017 $11.32 NO NO
12/5/2017 $11.29 NO NO
12/6/2017 $11.25 NO NO
12/7/2017 $11.27 NO NO
12/8/2017 $11.34 NO NO
12/11/2017 $11.37 NO NO
12/12/2017 $11.38 NO NO
12/13/2017 $11.41 NO NO
12/14/2017 $11.32 YES YES
12/15/2017 $11.36 NO NO

Historical Distributions Inception 4/20/2017

No results found.

*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.

Portfolio

Top 10 Holdings as a % of net assets 11/30/2017

iShares MSCI ACWI ETF 2.18%
Apple, Inc. Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions worldwide. 1.91%
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. 1.29%
Amazon.com, Inc. Amazon.com, Inc. operates as an online retailer in North America and internationally. 1.04%
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. 0.92%
Johnson & Johnson Johnson & Johnson is a holding company. The Company, along with its subsidiaries, is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. 0.80%
JPMorgan Chase & Co. JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. 0.78%
Exxon Mobil Corp. Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. 0.73%
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. 0.71%
Alphabet, Inc., Class A Alphabet Inc through its subsidiary Google Inc is engaged in improving the ways people connect with information & products including Search, Android, YouTube, Apps, Maps & Ads. It also produces internet-connected home devices & provides internet services. 0.69%

Total Portfolio Holdings

Updated quarterly, upon availability.

Market Capitalization
as a % of equity assets as of 11/30/2017

Large 93.1%
Medium 6.8%
Small 0.1%
Median Market Cap (as of 11/30/2017) $19.5 bil

Top 10 Industry Allocation
as a % of Equity Holdings as of 11/30/2017

Diversified Banks 8.5%
Pharmaceuticals 5.5%
Internet Software & Services 4.0%
Technology Hardware, Storage & Peripherals 3.0%
Integrated Oil & Gas 2.6%
Semiconductors 2.4%
Oil & Gas Exploration & Production 2.1%
Systems Software 1.9%
Automobile Manufacturers 1.9%
Integrated Telecommunication Services 1.8%

Sector Allocation
as a % of equity assets as of 11/30/2017

Financials 18.80%
Information Technology 18.13%
Consumer Discretionary 11.72%
Health Care 11.29%
Industrials 10.93%
Consumer Staples 8.57%
Energy 6.32%
Materials 5.07%
Real Estate 3.32%
Utilities 2.96%
Telecommunication Services 2.89%

Portfolio Composition
as a % of net assets as of 11/30/2017

Domestic Common Stock 53.77%
Foreign Common Stock 45.96%
Cash and Cash Equivalents 0.27%

Equity Country Allocation
as a % of equity assets as of 11/30/2017

United States 52.6%
Japan 8.0%
United Kingdom 5.5%
France 3.5%
Germany 3.2%
Canada 3.2%
Switzerland 3.0%
China 3.0%
Australia 2.0%
South Korea 1.8%
Hong Kong 1.6%
Netherlands 1.5%
Taiwan 1.2%
Spain 1.0%
Sweden 0.9%
Brazil 0.8%
India 0.8%
South Africa 0.7%
Italy 0.7%
Ireland 0.7%
Singapore 0.6%
Denmark 0.6%
Russia 0.4%
Belgium 0.4%
Mexico 0.4%
Norway 0.3%
Malaysia 0.3%
Indonesia 0.2%
Finland 0.2%
Thailand 0.2%
Poland 0.1%
Bermuda 0.1%
Philippines 0.1%
Portugal 0.1%
Austria 0.1%
Luxembourg 0.1%
Chile 0.1%
Macau 0.1%
Israel 0.1%

Total Portfolio Holdings

Updated quarterly, upon availability.

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.

The Fund is a passively managed index fund designed to track the performance of its stated benchmark index. It does not invest in securities based on the managers' view of the investment merit of a particular security or company, nor does it conduct conventional investment research or analysis or forecast market movement or trends, in managing the assets of the Fund. The Fund seeks to remain fully invested at all times in securities that, in combination, provide exposure to its respective benchmark Index without regard to market conditions, trends or direction.

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. The Fund entails other risks, including imperfect benchmark correlation and market price variance that may decrease performance. While the Fund attempts to track the performance of its stated index, there is no guarantee or assurance that the methodology used to create the Index will result in the Fund achieving high, or even positive, returns. The Index may underperform, and the Fund could lose value, while other indices or measures of market performance increase in value.

A number of factors may affect the Fund's ability to achieve a high degree of correlation with the Index, and there is no guarantee that the Fund will achieve a high degree of correlation. Failure to achieve a high degree of correlation may prevent the Fund from achieving its investment objective. The Fund's use of derivatives presents several risks, including the risk that these instruments may change in value in a manner that adversely affects the Fund's net asset value and the risk that fluctuations in the value of the derivatives may not correlate with the reference instrument underlying the derivative. 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. 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.

Index description: The MSCI ACWI Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.The MSCI ACWI consists of 46 country indexes comprising 23 developed and 23 emerging market country indexes. The developed market country indexes included are: Australia,Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden,Switzerland, the United Kingdom and the United States. The emerging market country indexes included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary,India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey* and United Arab Emirates.

Fee Waiver and/or Expense Reimbursement: Through January 31, 2019, IICO, IDI and/or WISC 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) for Ivy ProShares MSCI ACWI Index Fund as follows: Class A shares at 0.90% and Class I and Class N shares at 0.65%. 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. See the Fund's prospectus for more information.

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.

Style Analysis: The Morningstar Style Box reveals a fund's investment style. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration. Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by the following Nationally Recognized Statistical Rating Organizations (NRSROs): Moody's, Standard & Poor's, Fitch, and Egan-Jones. If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time. For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.

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 Funds are managed by Ivy Investment Management Company and sub-advised by ProShare Advisors LLC.

ProShares® is a registered mark of ProShare Advisors LLC and has been licensed by Ivy Investment Management Company and Ivy Distributors, Inc. solely for use in connection with the Ivy ProShares funds.

YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.