Morningstar Advisor - June/July 2013 - (Page 27)

Asset Allocation, Diversified. While common asset allocation strategies simply focus on diversification among major asset classes, we believe your clients need more. At Ivy Funds, we offer a variety of funds reflecting multiple approaches to asset allocation. From predictable allocation strategies that seek a consistent balance of equities and fi xed income to flexible portfolios that select from an array of asset classes worldwide, our funds offer comprehensive asset allocation solutions for a crowded, complex marketplace. At Ivy Funds, we use a collaborative process — born of rigorous debate, hands-on research and a proven cross-disciplinary approach — to fully assess the opportunities we pursue for our investors every day. To learn more about Ivy Funds’ asset allocation strategies, visit ivyfunds.com or call 800-532-2780. IV Y BA L A NC ED FUND (IBN A X) 2, 3, 5, 6 IV Y GLOBA L INCOME A LLO C ATION FUND (IV BA X) 2, 3, 4, 5 IV Y A SSE T STR ATEG Y FUND ( WA SA X) 1, 2, 3, 4, 5 Learn more. I V Y F U N D S .C O M SM FAC EB O O K .C O M / I V Y F U N D S Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. For a prospectus containing this and other information for the Ivy Funds, call your financial advisor or visit us online at www.ivyfunds.com. Please read the prospectus or summary prospectus carefully before investing. As with any mutual fund, the value of a fund’s shares will change, and you could lose money on your investment. Diversification does not ensure a profit or protect against loss in a declining market. 1 – The Fund may allocate from 0-100% of its assets between stocks, bonds and short-term instruments, across domestic and foreign securities. 2 – International investing involves additional risks, including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets. 3 – Fixed-income securities are subject to interest-rate risk and, as such, the net asset value of the Fund may fall as interest rates rise. 4 – The Fund may focus its investments in certain regions or industries, thereby increasing its potential vulnerability to market volatility. 5 – Dividend-paying investment may not experience the same price appreciation as non-dividend paying instruments. Dividend-paying companies may not pay a dividend or it may be less than expected. 6 – Loan participations may be unsecured or not fully collateralized and may be subject to restrictions on resale and sometimes trade infrequently on the secondary market. These and other risks are more fully discussed in each Fund’s prospectus. I V Y F U N D S D I S T R I B U T O R , I N C . ( 0 6 / 13) http://www.ivyfunds.com http://www.ivyfunds.com http://www.IVYFUNDS.COM http://www.FACEBOOK.COM/ http://www.ivyfunds.com

Table of Contents for the Digital Edition of Morningstar Advisor - June/July 2013

Morningstar Advisor - June/July 2013
Contents
Contributors
Letter From the Editor
Not Your Values
How Do You Use Alternatives for Clients?
Working to Build a Niche
How to Put Buffett’s Investing Philosophy into Practice
Sophisticated Strategies for the Masses
Investments á la Carte
Investment Briefs
The Percentile Trap
Defense Firms Will Stay Aloft
Beware the Lure of Diversification
Using Alternatives in Practice
Managed Futures and Cash Rates
The World Is Getting Grayer
Waiting to Pull Up Anchor
The Price of Managing Volatility
Let’s Get Back to Basics
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
Mutual Fund Urban Myths

Morningstar Advisor - June/July 2013