Logo



ISTIX - Ivy Science & Technology I

Don't let mutual funds siphon away your returns.
Get our FREE Report: "Index Funds and ETFs – A Smarter Way To Invest"
Your Mutual Fund

Ivy Science & Technology I (ISTIX)
Expense Ratio: 1.07%
Expected Lifetime Fees: $31,632.12


The Ivy Science & Technology I fund (ISTIX) is a Technology fund started on 4/2/2007 and has $1.30 billion in assets under management. The current manager has been running Ivy Science & Technology I since 3/4/2001. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Information Technology ETF (VGT)
Expense Ratio: 0.19%
Expected Lifetime Fees: $6,157.84


The Vanguard Information Technology ETF (VGT) is an Exchange Traded Fund. It is a "basket" of securities that index the Technology investment strategy and is an alternative to a Technology mutual fund. Fees are very low compared to a comparable mutual fund like Ivy Science & Technology I because computers automatically manage the stocks.




The Following Technology Funds Have Lower Fees Than Ivy Science & Technology I (ISTIX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Buffalo Science & Technology BUFTX 52.0% 388 1.03%
Dreyfus Technology Growth I DGVRX 90.3% 259 1.01%
DWS Technology A KTC1Z 17.0% 653 1.04%
DWS Technology A KTCAX 17.0% 653 1.04%
DWS Technology Inst KTCIX 17.0% 653 0.67%
DWS Technology S KTCSX 17.0% 653 0.95%
Fidelity Advisor Technology I FATIX 167.0% 721 0.87%
HighMark NYSE Arca Tech 100 Index Fiduciary Class PTSFX 11.0% 190 0.83%
Invesco Technology Institutional FTPIX 42.0% 697 0.89%
Janus Global Technology Fund Class I JATIX 89.0% 790 0.85%
Janus Global Technology T JAGTX 89.0% 790 0.98%
T. Rowe Price Global Technology PRGTX 110.5% 647 0.98%
T. Rowe Price Science & Tech PRSCX 77.4% 2,600 0.90%
Waddell & Reed Science & Tech Y USTFX 44.0% 2,200 1.03%



Search for a mutual fund by symbol or name:

x
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.

}