WICAX — InvestEd Conservative Portfolio
Data updated: 2022-05-27
WICAX — InvestEd Conservative Portfolio. Money Market · $51.64M AUM · 0.83% expense ratio · -3.0% 1-yr return. Holdings, fees, performance and SEC filings.
WICAX Fund Overview
WICAX — InvestEd Conservative Portfolio is a US mutual fund managed by InvestEd Portfolios, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: InvestEd Portfolios
- Category: Money Market
- Assets under management: $51.64M
- 1-year return: -3.0%
- Ticker: WICAX
- SEC CIK: 0001141323
- SEC series ID: S000006297
- Share class ID: C000017315
WICAX Investment Objective and Strategy
InvestEd Conservative Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by InvestEd Portfolios.
Investment objective
To seek to provide total return through a combination of current income and capital appreciation.
Principal investment strategy
The Portfolio is designed to provide diversification among different asset classes by investing its assets in other affiliated mutual funds within the Ivy Funds, referred to as underlying funds. The Portfolio invests, primarily, in Ivy fixed-income mutual funds, including investment grade, non-investment grade and short-term bond funds, and invests, to a lesser extent, in Ivy U.S. and global/international equity mutual funds. Each underlying fund, in turn, invests in a diversified portfolio of securities. The Portfolio typically will invest in Class N shares of the underlying funds. The underlying funds are selected following a two stage asset allocation process. The first stage is a strategic asset allocation to determine the percentage of the Portfolios assets to be invested in general asset classes (i.e., fixed-income funds, global/international equity funds, and U.S.
equity funds) based on the risk/return potential of the different asset classes and the risk profile of the Portfolio. The second stage involves the actual selection of underlying funds to represent those asset classes based on underlying fund classifications, historical risk, performance, and other factors. Within the fixed-income fund allocation, Ivy Investment Management Company (IICO), the Portfolios investment manager, includes underlying funds with varying degrees of interest rate and credit exposure. Within the U.S. and global/international stock fund allocations, IICO seeks to diversify globally (by including domestic and international underlying funds), in terms of market capitalization (by including large, mid, and small capitalization underlying funds), and by style (by including both growth and value underlying funds).
The Board of Trustees of the Trust (Board) has established target ranges for the allocation of the Portfolios assets for the U.S. equity, global/international equity, investment grade bond, non-investment grade bond and short-term bond asset classes in the percentages set forth in the chart below. The Portfolio is intended for investors who have a lower tolerance for risk and whose primary goal is total return through income and capital appreciation, who have a shorter time horizon or who are willing to accept some amount of market volatility in exchange for greater potential income and growth. The Portfolio also is designed for investors who expect to incur expenses related to higher education within five years. The Board has established the following target ranges for investment of the Portfolios assets in the specific underlying funds: Underlying Fund Investment Range Low High U.S.
Equity Funds 20% 35% Ivy Core Equity Fund 0% 25% Ivy Large Cap Growth Fund 0% 25% Ivy ProShares S&P 500 Dividend Aristocrats Index Fund 0% 25% Ivy Value Fund 0% 25% Ivy Mid Cap Growth Fund 0% 10% Ivy Mid Cap Income Opportunities Fund 0% 10% Ivy ProShares Russell 2000 Dividend Growers Index Fund 0% 10% Ivy Small Cap Core Fund 0% 10% Ivy Small Cap Growth Fund 0% 10% Global/International Equity Funds 5% 25% Ivy Global Growth Fund 0% 20% Ivy International Core Equity Fund 0% 20% Ivy ProShares MSCI ACWI Index Fund 0% 20% Ivy Emerging Markets Equity Fund 0% 10% Ivy LaSalle Global Real Estate Fund 0% 10% Fixed Income Funds 35% 75% Investment Grade Bond Funds 20% 75% Ivy Corporate Bond Fund 0% 35% Ivy Government Securities Fund 0% 35% Ivy ProShares S&P 500 Bond Index Fund 0% 35% Ivy Securian Core Bond Fund 0% 35% Non-Investment Grade Bond Funds 0% 30% Ivy Apollo Strategic Income Fund 0% 20% Ivy Global Bond Fund 0% 20% Ivy High Income Fund 0% 20% Ivy ProShares Interest Rate Hedged High Yield Index Fund 0% 20% Short-Term Bond Funds 0% 25% Ivy Government Money Market Fund 0% 25% Ivy Limited-Term Bond Fund 0% 25% IICO monitors the Portfolios holdings and cash flow and, in general, manages them as needed in order to maintain the Portfolios target allocations.
IICO does not intend to trade actively among the underlying funds nor does it intend to attempt to capture short-term market opportunities. However, in seeking to enhance performance, IICO may change allocations within the stated ranges. IICO may modify the above-specified target asset allocations for the Portfolio and also may modify, from time to time, the underlying funds selected for the Portfolio. In addition, the percentage specified as the high end of the investment range for an underlying fund is a target, and IICO or market movements (or a combination of both) may, from time to time, cause the Portfolios investment in any specified underlying fund to exceed its target percentage. By owning shares of one or more of the underlying funds and depending on the particular underlying fund(s), the Portfolio indirectly holds a diversified mixture of debt securities of foreign and U.S.
issuers that may include investment grade corporate bonds, U.S. government securities, non-investment grade corporate bonds, money market instruments, and securities issued by foreign governments and securities denominated in currencies other than the U.S. dollar. The Portfolio also indirectly holds a diversified mixture of stocks of U.S. and, to a lesser extent, international/global stocks that typically are large cap. Certain of the underlying funds may, but are not required to, invest in options, futures contracts and other derivative instruments if they are permitted to invest in the type of asset by which the return on, or value of, the derivative is measured.
WICAX Holdings
Top 10 holdings of InvestEd Conservative Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ivy Government Securities Fund Class N | 26.07% |
| Ivy Limited-Term Bond Fund Class N | 23.11% |
| Ivy ProShares S&P 500 Dividend Aristocrats Index Fund Class N | 6.70% |
| Ivy Securian Core Bond Fund Class N | 6.62% |
| Ivy ProShares MSCI ACWI Index Fund Class N | 6.61% |
| Ivy Large Cap Growth Fund Class N | 6.15% |
| Ivy Value Fund Class N | 5.94% |
| Ivy International Core Equity Fund Class N | 4.53% |
| Ivy Emerging Markets Equity Fund Class N | 2.52% |
| Ivy Mid Cap Income Opportunities Fund Class N | 2.25% |
WICAX Portfolio Allocation
Asset-class allocation of InvestEd Conservative Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
| Cash & Equivalents | 0.3% |
WICAX Performance
Total returns for WICAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.0% |
| 3 years (annualised) | -1.2% |
WICAX Risk Information
Risk metrics for WICAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.0%
WICAX Costs and Fees
WICAX costs about $83 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.83%
- Gross expense ratio: 0.83%
- Portfolio turnover: 29%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
WICAX Cashflows
Over the 12 months to 2022-03, InvestEd Conservative Portfolio had net inflows of $12.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $3.21M |
| 2022-02 | $3.30M |
| 2022-01 | $3.83M |
| 2021-12 | $3.84M |
| 2021-11 | −$852.05K |
| 2021-10 | −$392.04K |
WICAX Debt Constituents
No individual debt constituents are reported in InvestEd Conservative Portfolio's latest SEC N-PORT filing.
WICAX Prospectus and SEC Filings
Official InvestEd Conservative Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-09-15
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Portfolio holdings (N-PORT) — filed 2022-02-23
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Annual census (N-CEN) — filed 2022-03-10
- Annual census (N-CEN) — filed 2021-03-11
Related Funds
Other Money Market 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.