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 12/31/2017) $555.2 mil
Total Equity Holdings (as of 12/31/2017) 49
Total Holdings (as of 12/31/2017) 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 1/22/2018
Net Asset Value (NAV) $13.97
NAV Change ($) $0.18
NAV Change (%) 1.31%
Weekly NAV Change ($) $0.40
Weekly NAV Change (%) 2.95%
Public Offering Price (POP) $14.82
Historical Prices & Distributions
Please select a date
Fund Description

Overview


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 12/31/2017
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 25.84% 25.84% 8.07% 8.71% 3.75% 9.18%
Fund with 5.75% sales charge 18.61% 18.61% 5.95% 7.43% 3.13% 9.04%
MSCI World NR USD 22.40% 22.40% 9.26% 11.64% 5.03% N/A
Lipper Global Large-Cap Growth Funds 27.89% 27.89% 9.87% 11.10% 5.33% 9.19%
Quarterly Rates of Return
(Returns for periods of less than 1-yr are not annualized)
Average Annual Total Returns
as of 12/31/2017
  YTD 1yr 3yr 5yr 10yr Life
Fund at NAV 25.84% 25.84% 8.07% 8.71% 3.75% 9.18%
Fund with 5.75% sales charge 18.61% 18.61% 5.95% 7.43% 3.13% 9.04%
MSCI World NR USD 22.40% 22.40% 9.26% 11.64% 5.03% N/A
Lipper Global Large-Cap Growth Funds 27.89% 27.89% 9.87% 11.10% 5.33% 9.19%
Expense Ratios
as of 10/31/2017
Net 1.42%
Gross 1.42%
Growth of a $10,000 Investment
through 12/31/2017
 Global Growth A
 MSCI World NR USD

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 12/31/2017
Category: Global Large-Cap Growth Funds
  Rank Percentile
1 Year 79 / 124 64
3 Year 89 / 111 80
5 Year 75 / 91 82
10 Year 45 / 57 78

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

Morningstar Ratings
as of 12/31/2017
Category: World Large Stock
Overall (out of 720 World Large Stock)
3 Year (out of 720 World Large Stock)
5 Year (out of 589 World Large Stock)
10 Year (out of 333 World Large Stock)

Ratings are based on risk-adjusted returns.

Holdings
Portfolio Composition
(as a % of net assets as of 12/31/2017)
Domestic Common Stock 50.16%
Foreign Common Stock 45.91%
Cash and Cash Equivalents 3.93%
Sector Allocation
(as a % of equity holdings as of 12/31/2017)
Information Technology 30.6%
Consumer Discretionary 20.9%
Financials 18.8%
Industrials 11.9%
Health Care 10.3%
Energy 4.2%
Consumer Staples 3.3%
Equity Country Allocation
(as a % of equity holdings as of 12/31/2017)
United States 52.2%
China 11.8%
Japan 9.6%
France 8.1%
United Kingdom 4.2%
India 3.4%
Switzerland 2.7%
Netherlands 1.8%
Italy 1.8%
Germany 1.7%
Macau 1.5%
Sweden 1.3%
Top 10 Equity Holdings
(as a % of net assets as of 12/31/2017)
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 4.72%
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 4.23%
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. 4.02%
Amazon.com, Inc. operates as an online retailer in North America and internationally.Amazon.com, Inc. 3.54%
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 3.46%
Ping An Insurance (Group) Co. of China Ltd., H Shares 3.42%
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) 3.31%
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 3.11%
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 3.01%
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 2.78%
Total Portfolio Holdings
(updated quarterly, upon availability)

View | Download (as of 9/30/2017)
Top 10 Industry Allocation
(as a % of equity holdings as of 12/31/2017)
Data Processing & Outsourced Services 10.6%
Internet Software & Services 10.1%
Life & Health Insurance 7.6%
Internet & Direct Marketing Retail 6.2%
Automobile Manufacturers 5.5%
Home Improvement Retail 4.7%
Diversified Banks 4.7%
Human Resource & Employment Services 4.5%
Aerospace & Defense 4.4%
Systems Software 4.2%

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.

Risk Factors: The value of the Fund's shares will change, and you could lose money on your investment. 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.

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.

© 2017 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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