IEOYX - Ivy European Opportunities Y

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Ivy European Opportunities Y (IEOYX)
Expense Ratio: 1.45%
Expected Lifetime Fees: $41,216.86

The Ivy European Opportunities Y fund (IEOYX) is a Europe Stock fund started on 07/24/2003 and has $211.60 million in assets under management. The current manager has been running Ivy European Opportunities Y since 07/22/2009. 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

Vanguard European Stock ETF (VGK)
Expense Ratio: 0.14%
Expected Lifetime Fees: $4,561.33

The Vanguard European Stock ETF (VGK) is an Exchange Traded Fund. It is a "basket" of securities that index the Europe Stock investment strategy and is an alternative to a Europe Stock mutual fund. Fees are very low compared to a comparable mutual fund like Ivy European Opportunities Y because computers automatically manage the stocks.

The Following Europe Stock Funds Have Lower Fees Than Ivy European Opportunities Y (IEOYX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
BlackRock EuroFund Instl MAEFX 148.0% 227 1.05%
BlackRock EuroFund Inv A MDEFX 148.0% 227 1.25%
Columbia European Equity Fund Class R4 CEQRX 121.0% 266 1.28%
DFA Continental Small Company I DFCSX 10.0% 103 0.58%
Fidelity Europe FIEUX 117.0% 523 1.10%
Fidelity Europe Capital Appreciation FECAX 116.0% 275 1.02%
Fidelity Nordic FNORX 265.0% 281 1.05%
Henderson European Focus Fund Class I HFEIX 67.0% 451 1.29%
Invesco European Growth Investor EGINX 21.0% 736 1.39%
Invesco European Growth Y AEDYX 21.0% 736 1.20%
Ivy European Opportunities I IEOIX 49.0% 212 1.18%
Mutual European A TEM1Z 32.6% 1,600 1.41%
Mutual European Z TEE1Z 32.6% 1,600 1.11%
Putnam Europe Equity A PEUGX 70.0% 138 1.43%
Putnam Europe Equity Fund Class Y PEUYX 70.0% 138 1.18%
T. Rowe Price European Stock PRESX 57.6% 615 1.01%
Vanguard European Stock Index Instl VESIX 6.0% 5,600 0.10%
Vanguard European Stock Index Inv VEURX 6.0% 5,600 0.26%
Vanguard European Stock Index Signal VESSX 6.0% 5,600 0.14%

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Why Are These Metrics Important?

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.

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.