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What Is Waddell Reed Advisors Global Growth Fund’s Strategy?


Mar. 10 2016, Updated 11:15 a.m. ET

Waddell & Reed Advisors Global Growth Fund

The Waddell & Reed Advisors Global Growth Fund looks for companies that “are competitively well-positioned, gaining market share, have the potential for long-term growth and/or operate in regions or countries that possess attractive growth characteristics.” The fund is managed by Sarah Ross.

The fund generally invests in large-cap companies, but it can invest in companies of any size. The fund manager aims to invest at least 40% of the fund’s assets in stocks of foreign issuers. Fund management blends bottom-up stock selection with top-down global economic analysis.

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Portfolio composition

According to information provided by the fund house, healthcare was the single largest sectoral holding of the fund and formed 25.2% of the February 2016 portfolio. Information technology and consumer discretionary, in that order, were second and third, and formed a combined 42.4% of the portfolio. Industrials and consumer staples rounded off the top five invested sectors. The fund was not invested in the materials and utilities sectors.

Stocks from the US formed 62.6% of the fund’s assets for February, making it the region with the highest weight. China followed, forming 9.1% of the portfolio. Germany, France, and the UK, in that order, rounded off the top five invested countries.

Level 3 Communications (LVLT), Biogen (BIIB), SBA Communications (SBAC), Halliburton (HAL), and ASML Holding (ASML) were among the fund’s 57 holdings as of the end of February. As of February 2016, the fund was managing assets worth $599.9 million.

Fees and minimums

The Waddell & Reed Advisors Global Growth Fund – Class A (UNCGX) was incepted in March 1970 and has an expense ratio of 1.4%. There is a minimum requirement of $750 to invest in this fund via Class A shares and the minimum subsequent investment required is $50. The fund can charge a maximum sales charge of 5.8% on the purchase of Class A shares.


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