Fund Description
Ivy Focused Growth NextShares seeks to achieve its objective by investing primarily in a portfolio of common stocks issued by large- capitalization, growth-oriented companies with above-average levels of profitability and that Ivy Investment Management Company (IICO), the Fund s investment manager, believes have the ability to sustain growth over the long term. Although the Fund primarily invests in securities issued by large capitalization companies (defined as companies with market capitalizations of at least $10 billion at the time of acquisition), it may invest in securities issued by companies of any size. Growth-oriented companies are those whose earnings IICO believes are likely to grow faster than the economy. The Fund is non-diversified, meaning that it may invest a significant portion of its total assets in a limited number of issuers. For example, the Fund typically holds a limited number of stocks (generally 15 to 25).
Fund Profile
Fund Name Ivy Focused Growth NextShares
Fund Exchange Ticker IVFGC
Fund Sponsor Ivy Investments
Fund ISIN US4660131099
Net Expense Ratio 0.78 %
Fund Inception Date 17 October 2016
Fund Legal Structure ETMF
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - US Style
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Growth
Continent North America
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 13.76 Million (USD)
1 Month Total Return 0.00 %
Year To Date Return 0.00 %
1 Year Total Return 0.00 %
3 Year Annualized Total Return
NAV 31.99
Share Outstanding 430,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting