Credit: Shutterstock photoWaddell & Reed Accumulative A ( UNACX ) a Zacks Ranked #1 (Strong Buy) seeks capital growth. As a secondary goal, UNACX seeks current income. UNACX seeks to achieve these goals by investing primarily in a diversified portfolio of common stocks, or securities convertible into common stocks, of U.S. and foreign companies, the risks of which are, in WRIMCO's opinion, consistent with the fund's goals. Generally, UNACX invests in companies with large market capitalizations that, in WRIMCO's opinion, have slightly higher market volatility and slightly higher growth rates than other stocks. However, UNACX may invest in companies of any size and of any industry in order to achieve its primary goal of growth. UNACX pays dividends semi-annually and capital gains, if any, are distributed annually.
This Large Blend fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value, Small Growth. Further, as of the last filing, APPLE INC, ACTAVIS PLC and TEVA PHARMACEUTICAL SP ADR were the top holdings for UNACX.
The Waddell & Reed Accumulative A fund, managed by Waddell & Reed , carries an expense ratio of 1.06. Moreover, UNACX requires a minimal initial investment of $750.
UNACX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 16.48%, 3 year 19.43%, and 5 year 16.17%. To see how this fund performed compared in its category, please click here .
UNACX's performance, as of the last filing, when compared to funds in its category was in the top 9% in 1 year, top 40% over the past 3 years, and in the 28% over the past 5 years.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
