On the lookout for a Mutual Fund Equity Report fund? Starting with Ivy Science & Technology Y (
WSTYX Quick Quote WSTYX - Free Report) should not be a possibility at this time. WSTYX bears a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on nine forecasting factors like size, cost, and past performance. History of Fund/Manager
Delaware Investments is based in Philadelphia, PA, and is the manager of WSTYX. Ivy Science & Technology Y debuted in June of 1998. Since then, WSTYX has accumulated assets of about $455 million, according to the most recently available information. A team of investment professionals is the fund's current manager.
Investors naturally seek funds with strong performance. WSTYX has a 5-year annualized total return of 23.95% and is in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 27.47%, which places it in the middle third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. WSTYX's standard deviation over the past three years is 20.77% compared to the category average of 15.76%. Looking at the past 5 years, the fund's standard deviation is 18.16% compared to the category average of 13.44%. This makes the fund more volatile than its peers over the past half-decade.
Investors should note that the fund has a 5-year beta of 1.07, which means it is hypothetically more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a positive alpha over the past 5 years of 4.46, which shows that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, WSTYX is a no load fund. It has an expense ratio of 1.14% compared to the category average of 1.35%. WSTYX is actually cheaper than its peers when you consider factors like cost.
Investors should also note that the minimum initial investment for the product is $0 and that each subsequent investment has no minimum amount.
Overall, Ivy Science & Technology Y ( WSTYX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Ivy Science & Technology Y ( WSTYX ) looks like a somewhat weak choice for investors right now.
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www.zacks.com/funds/mutual-funds to see the additional features we offer as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.