Waddell & Reed

Fund Detail

Waddell & Reed Advisors Global Growth Fund
Class A Shares

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Fund Facts
Ticker Symbol UNCGX
CUSIP 930057799
Fund Code 625
Fund Type Global/International
Fund Inception 6/3/1970
Class Inception 6/3/1970
Fiscal Year End June
Dividends Paid June, December
Fund Assets (as of 1/31/2018) $596.2 mil
Total Equity Holdings (as of 1/31/2018) 49
Total Holdings (as of 1/31/2018) 53
Portfolio Turnover Rate (as of 6/30/2017) 83%
Lipper Category Global Large-Cap Growth Funds
Morningstar Category World Large Stock
Benchmarks MSCI World NR USD
Daily Prices
as of 2/23/2018
Net Asset Value (NAV) $13.57
NAV Change ($) $0.21
NAV Change (%) 1.57%
Weekly NAV Change ($) ($0.13)
Weekly NAV Change (%) -0.95%
Public Offering Price (POP) $14.40
Historical Prices & Distributions
Please select a date
Fund Description


We utilize a research-based investment process that blends bottom-up stock selection, with a top-down global economic analysis. We seek strong companies in industries which we believe are growing faster than their underlying economies. We look at a number of factors in selecting securities, including a company's competitive position and its sustainability, a company's growth and earnings potential and valuation, a company's financials, including cash flow and balance sheet, management of the company and strength of the industry, and applicable economic, market and political conditions of the country in which the company is located and/or in which it is doing business.
Morningstar Style Box
Source: Morningstar
Returns and Expenses

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
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 7/31/2018
  YTD 1yr 3yr 5yr 10yr Life
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
MSCI World NR USD 3.57% 11.88% 8.95% 9.49% 6.85% N/A
Lipper Global Large-Cap Growth Funds 6.36% 14.49% 9.69% 10.07% 7.47% 9.37%
Quarterly Rates of Return
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 6/30/2018
  YTD 1yr 3yr 5yr 10yr Life
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
MSCI World NR USD 0.43% 11.09% 8.48% 9.94% 6.26% N/A
Lipper Global Large-Cap Growth Funds 4.06% 15.28% 9.64% 10.62% 6.85% 9.19%
Expense Ratios
as of 10/31/2017
Net 1.42%
Gross 1.42%
Growth of a $10,000 Investment
through 1/31/2018
 Global Growth A

Assumes an investment over 10 years or life of the share class, reinvestment of dividends and capital gains, and does not include the effect of sales charges or taxes.

Ratings and Rankings
Lipper Rankings
as of 1/31/2018
Category: Global Large-Cap Growth Funds
  Rank Percentile
1 Year 61 / 144 43
3 Year 103 / 125 82
5 Year 85 / 104 81
10 Year 46 / 61 75

Rankings are based on average annual total returns, but do not consider sales charges.

Morningstar Ratings
as of 1/31/2018
Category: World Large Stock
Overall (out of 709 World Large Stock)
3 Year (out of 709 World Large Stock)
5 Year (out of 583 World Large Stock)
10 Year (out of 331 World Large Stock)

Ratings are based on risk-adjusted returns.

Portfolio Composition
(as a % of net assets as of 1/31/2018)
Domestic Common Stock 51.21%
Foreign Common Stock 46.77%
Cash and Cash Equivalents 2.02%
Sector Allocation
(as a % of equity holdings as of 1/31/2018)
Information Technology 31.1%
Consumer Discretionary 21.0%
Financials 18.6%
Industrials 11.8%
Health Care 10.3%
Energy 4.1%
Consumer Staples 3.0%
Equity Country Allocation
(as a % of equity holdings as of 1/31/2018)
United States 52.3%
China 12.5%
Japan 8.8%
France 8.2%
United Kingdom 4.0%
India 3.5%
Switzerland 2.6%
Italy 1.8%
Netherlands 1.8%
Germany 1.7%
Macau 1.6%
Sweden 1.3%
Top 10 Equity Holdings
(as a % of net assets as of 1/31/2018)
MasterCard Incorporated (MasterCard) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks.MasterCard, Inc., Class A 4.91%
Airbus SE manufactures airplanes and military equipment. The Company produces military fighter aircraft, military and commercial helicopters, missiles, satellites, and telecommunications and defense systems, as well as offers military and commercial aircraft conversion and maintenance services.Airbus SE 4.56%
Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses and supports a wide range of software products for computing devices.Microsoft Corp. 4.16%
Amazon.com, Inc. operates as an online retailer in North America and internationally.Amazon.com, Inc. 4.09%
Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.Visa, Inc., Class A 3.52%
Ping An Insurance (Group) Company of China Limited provides property, casualty and life insurance products to customers in Hong Kong.Ping An Insurance (Group) Co. of China Ltd., H Shares 3.46%
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally.Alibaba Group Holding Ltd. ADR 3.32%
The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement and lawn and garden products and provide a number of services.Home Depot, Inc. (The) 3.27%
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.Facebook, Inc., Class A 3.06%
Prudential plc (Prudential) is United Kingdom-based international financial services company with its principal operations in the United Kingdom, the United States and Asia.Prudential plc 2.74%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 12/31/2017)
Top 10 Industry Allocation
(as a % of equity holdings as of 1/31/2018)
Data Processing & Outsourced Services 10.8%
Internet Software & Services 10.4%
Life & Health Insurance 7.3%
Internet & Direct Marketing Retail 6.4%
Automobile Manufacturers 5.3%
Diversified Banks 4.9%
Aerospace & Defense 4.7%
Home Improvement Retail 4.6%
Systems Software 4.2%
Human Resource & Employment Services 4.2%
Portfolio Management
Manager Name Company Name Years in Industry Years with Fund
Sarah Ross is portfolio manager of Ivy Global Growth Fund and Ivy VIP Global Growth. She was named portfolio manager of the Global Growth funds in 2014. Ms. Ross joined the organization in 2003 as an equity investment analyst. She was appointed assistant vice president in 2006. She was assistant portfolio manager to the Large Cap Growth team from 2006 to 2014. She was portfolio manager of the firm’s Tax- Managed Equity funds from 2009 to 2014. She was appointed vice president in 2009 and senior vice president in 2015. Prior to joining the firm, Ms. Ross was a senior health care analyst and vice president for Banc of America Capital Management from 2001 to 2003. Her responsibilities included equity analysis of pharmaceutical, medical device and health care service companies. From 1995 to 2001 Ms. Ross was with Edward Jones, during which time she was a senior health care analyst and limited partner. Ms. Ross earned both a BS in Business Administration and a BA in French in 1995 from John M. Olin School of Business, Washington University, St. Louis, Missouri. She also studied at Ecole Europeene Des Affaires A Paris, Paris, France. The French curriculum included global finance, French society, international marketing and corporate law. Ms. Ross is a CFA charterholder. She is a member of the CFA Institute and the CFA Society of St. Louis.Sarah C. Ross, CFA Waddell & Reed Investment Management Company 23 4

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.

Index Description: MSCI World is an unmanaged index comprised of securities that represent the securities markets around the world. It is not possible to invest directly in an index.

The MSCI information may only be used for your internal use, may not be reproduced or repurposed in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, salability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Source: MSCI.

Performance results for some funds may include the effect of expense reduction arrangements. If those arrangements had not been in place, the performance results would have been lower.

In November of 2014, the Waddell & Reed Advisors International Growth Fund expanded its investment strategy to include stocks of U.S. companies. Effective January 1, 2015, the Fund changed its name to the Waddell & Reed Advisors Global Growth Fund to reflect its global focus. Performance prior to November 2014 reflects the Fund’s former international strategy and may have differed if the Fund’s current strategy that includes investing globally had been in place.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the fund will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

12-Month Trailing Distribution Yield: at NAV refers to the 12-month historical cash flow paid over the past 12 months in dividends, divided by the past months ending NAV.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance, and does not include the effects of sales charges. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Information is subject to change and is not intended to represent any past or future investment recommendations.

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.

Please remember that an investment in a mutual fund involves risk. Investment return and principal value of a mutual fund investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

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

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