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IBNAX - Ivy Balanced A

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Ivy Balanced A (IBNAX)
Expense Ratio: 1.30%
Expected Lifetime Fees: $37,528.44


The Ivy Balanced A fund (IBNAX) is a Aggressive Allocation fund started on 11/16/1987 and has $473.80 million in assets under management. The current manager has been running Ivy Balanced A since 5/23/2003. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

iShares Aggressive Allocation Fund (AOA)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26


The iShares Aggressive Allocation Fund (AOA) is an Exchange Traded Fund. It is a "basket" of securities that index the Aggressive Allocation investment strategy and is an alternative to a Aggressive Allocation mutual fund. Fees are very low compared to a comparable mutual fund like Ivy Balanced A because computers automatically manage the stocks.




The Following Aggressive Allocation Funds Have Lower Fees Than Ivy Balanced A (IBNAX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
American Century One Choice Agrsv Inv AOGIX 11.0% 548 0.95%
American Century Strat Allc: Agrsv Inst AAAIX 91.0% 1,000 1.01%
American Century Strat Allc: Agrsv Inv TWSAX 91.0% 1,000 1.21%
Calamos Growth & Income A CVTRX 55.1% 4,300 1.08%
Calamos Growth & Income I CGIIX 55.1% 4,300 0.83%
Columbia Marsico Flexible Capital Fund Class Z CCMZX 214.0% 182 1.25%
Columbia Port Builder Aggressive A AXBAX 83.0% 531 1.27%
Columbia Portfolio Builder Aggressive Fund Class R4 CAGRX 83.0% 531 1.14%
Columbia Strategic Allocation A IMRFX 142.0% 854 1.26%
Columbia Thermostat A CTFAX 130.0% 387 1.15%
Columbia Thermostat Z COTZX 130.0% 387 0.90%
Davis Appreciation & Income A RPFCX 20.0% 345 0.93%
Davis Appreciation & Income Y DCSYX 20.0% 345 0.74%
Fidelity Asset Manager 85% FAMRX 20.0% 753 0.84%
Fidelity Four-in-One Index FFNOX 16.0% 2,200 0.21%
Fifth Third LifeModel Mod Agrsv Instl LMAIX 18.0% 158 1.05%
Franklin Templeton Founding Allc A FFASZ 3.7% 5,300 1.06%
Franklin Templeton Founding Allc Adv FFAAX 3.7% 5,300 0.81%
Franklin Templeton Growth Allocation A FGTCZ 20.2% 1,100 1.24%
Franklin Templeton Growth Allocation A FGTIX 20.2% 1,100 1.24%
Franklin Templeton Growth Allocation Adv FGTZX 20.2% 1,100 0.99%
Hartford Growth Allocation I HRAIX 36.0% 840 0.98%
Invesco Growth Allocation I AADIX 28.0% 834 0.91%
Invesco Van Kampen Leaders A VFFSZ 7.0% 165 1.26%
Invesco Van Kampen Leaders A VLFAX 7.0% 165 1.26%
Ivy Balanced Fund Class Y IBNYX 37.0% 474 1.22%
Janus Growth Allocation Fund Class I JGCIX 26.0% 225 0.93%
Janus Growth Allocation T JSPGX 26.0% 225 1.03%
JHancock2 Lifestyle Growth R4 JSLGX 24.0% 11,200 1.28%
Leuthold Asset Allocation Instl LAAIX 105.6% 765 1.18%
Leuthold Core Investment I LCRIX 83.2% 907 1.11%
Leuthold Core Investment Retail LCORX 83.2% 907 1.22%
Lord Abbett Capital Structure I LAMYX 22.0% 1,000 0.95%
Lord Abbett Growth & Inc Strat A LWSAX 25.0% 667 1.27%
Lord Abbett Growth & Inc Strat I LWSYX 25.0% 667 1.02%
MFS Growth Allocation Fund Class A MAGWX 13.0% 2,900 1.18%
Nationwide Inv Dest Mod Agrsv Svc NDMSX 13.9% 1,700 0.86%
Nationwide Inv Destinations Mod Agrsv A NDMAX 13.9% 1,700 0.73%
Nuveen Strategy Growth Allocation A FAGSX 45.0% 148 1.26%
Nuveen Strategy Growth Allocation I FSGYX 45.0% 148 1.01%
Oppenheimer Active Allc A OAAAX 21.0% 1,900 1.21%
Oppenheimer Active Allc A OAASZ 21.0% 1,900 1.21%
Oppenheimer Active Allc Y OAAYX 21.0% 1,900 0.86%
Principal SAM Conservative Growth R5 PCWPX 31.9% 2,200 1.29%
Putnam Dynamic Asset Allocation: Gr A PAEAX 98.0% 1,500 1.15%
Putnam Dynamic Asset Allocation: Gr Y PAGYX 98.0% 1,500 0.90%
Russell LifePoints Growth Strategy R1 RALRX 7.0% 2,500 1.01%
Russell LifePoints Growth Strategy R2 RALTX 7.0% 2,500 1.26%
Russell LifePoints Growth Strategy S RALSX 7.0% 2,500 1.16%
Russell LifePoints Growth Strategy S RALSZ 7.0% 2,500 1.16%
Schwab MarketTrack Growth Investor SWHGX 17.0% 546 0.66%
T. Rowe Price Personal Strat Growth TRSGX 49.0% 1,100 0.84%
Transamerica Asset Allc Mod Gr I TMGIX 30.0% 2,800 1.16%
Vanguard LifeStrategy Growth Inv VASGX 22.0% 7,400 0.17%
Wells Fargo Advantage Divers Cptl Bldr A EKBAX 56.0% 497 1.20%
Wells Fargo Advantage Divers Cptl Bldr I EKBYX 56.0% 497 0.78%
Wells Fargo Advantage Idx Asst Allo A SFAAX 18.0% 660 1.15%
Wells Fargo Advantage Idx Asst Allo Adm WFAIX 18.0% 660 0.90%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

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