IATCX — Ivy Accumulative Fund
Data updated: 2024-05-28
IATCX — Ivy Accumulative Fund. United States Large Cap Blend / Core Equity · $641.95M AUM · 1.87% expense ratio. Holdings, fees, performance and SEC filings.
IATCX Fund Overview
IATCX — Ivy Accumulative Fund is a US mutual fund managed by Ivy Funds, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ivy Funds
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $641.95M
- 1-year return: 31.1%
- Ticker: IATCX
- SEC CIK: 0000883622
- SEC series ID: S000058120
- Share class ID: C000190305
IATCX Investment Objective and Strategy
Ivy Accumulative Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Funds.
Investment objective
To seek to provide capital growth and appreciation.
Principal investment strategy
Ivy Accumulative Fund invests primarily in common stocks of companies that IICO, the Funds investment manager, considers to be high in quality and attractive in their long-term investment potential. Although the Fund generally emphasizes large-capitalization companies (typically, companies with capitalizations of at least $10 billion at the time of acquisition), it may invest in companies of any size, and of any industry, in seeking to achieve its objective. The Fund may invest in securities of companies across the valuation spectrum, including securities issued by growth and value companies. Value stocks are those that IICO believes are currently selling below their true worth. A stock has growth potential if, in IICOs opinion, the earnings of the company are likely to grow faster than the economy.
IICOs investment philosophy for the Fund is a blend between bottom-up (researching individual issuers) fundamental stock and sector analysis, coupled with a top-down (assessing the market environment) macroeconomic perspective that IICO uses to guide it in its selection of weightings in industries and sectors. In selecting securities for the Fund, IICO employs a growth at a reasonable price approach and invests in companies that, in its opinion, have the potential for slightly higher growth rates than other companies, and companies that it believes are able to differentiate themselves with a product or a franchise of products, a brand or a technological advantage that give them an advantage over their competitors. IICO considers many factors, which may include: stability and predictability of earnings growth; acceleration of earnings and/or revenue; capital intensity; improvement in profitability and market share; margin structure and direction; dividend yield; and sustainable generation of cash flows from operations.
IICO also considers a companys valuation relative to its projected growth rate, as well as to its peer group, its long-term historical ranges, and the broader market. IICO prefers companies that take a balanced approach to returning cash to shareholders while maintaining flexibility to fund future growth opportunities. Many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various foreign markets through investments in these companies, even if the Fund is not invested directly in such markets. Generally, in determining whether to sell a security, IICO considers many factors, which may include: changes in economic or market factors in general or with respect to a particular industry or sector; changes in the market trends or other factors affecting an individual security; and changes in the relative market performance or its belief in the appreciation possibilities offered by individual securities.
IICO also may sell a security to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
IATCX Holdings
Top 10 holdings of Ivy Accumulative Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 12.77% |
| NVIDIA Corp | 8.09% |
| Alphabet Inc | 5.75% |
| Amazon.com Inc | 5.68% |
| Apple Inc | 5.67% |
| Visa Inc | 4.90% |
| UnitedHealth Group Inc | 3.77% |
| Motorola Solutions Inc | 3.60% |
| CoStar Group Inc | 3.55% |
| Intuit Inc | 3.40% |
IATCX Portfolio Allocation
Asset-class allocation of Ivy Accumulative Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.2% |
IATCX Performance
Total returns for IATCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 31.1% |
| 3 years (annualised) | -10.0% |
IATCX Risk Information
Risk metrics for IATCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.5%
IATCX Costs and Fees
IATCX costs about $187 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.87%
- Gross expense ratio: 2.18%
- Portfolio turnover: 95%
- Brokerage commissions: 6.31 bps of average net assets (SEC N-CEN)
IATCX Cashflows
Over the 12 months to 2024-03, Ivy Accumulative Fund had net inflows of $127.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$13.17M |
| 2024-02 | −$14.32M |
| 2024-01 | −$14.32M |
| 2023-12 | $24.02M |
| 2023-11 | $21.71M |
| 2023-10 | $15.37M |
IATCX Debt Constituents
No individual debt constituents are reported in Ivy Accumulative Fund's latest SEC N-PORT filing.
IATCX Prospectus and SEC Filings
Official Ivy Accumulative Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-10-27
- Prospectus (485BPOS) — filed 2021-10-28
- Prospectus supplement (497) — filed 2022-11-01
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2023-11-28
- Annual census (N-CEN) — filed 2023-09-05
- Annual census (N-CEN) — filed 2022-09-12
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.