Waddell & Reed Core Investment AUNCMX

Morningstar Rating

Fund Research and Analysis

by Karin Anderson

You could do worse than Waddell & Reed Core Investment.

This fund's managers can't boast a long track record--Erik Becker and Gus Zinn took over the fund in July 2006. True, the fund has outperformed its stated benchmark--the S&P 500 Index--during Read more

Kudos

New approach should keep the portfolio more consistently diversified.

New approach should produce more consistent returns.

Expense ratio is low compared with other A share funds'. Read more

Risks

Management is fairly green. Read more

Strategy

Managers Erik Becker and Gustav Zinn fill part of the portfolio with top-down themes, generally buying one or a few market leaders that should benefit from those trends. They'll complement those ideas Read more

Management

Erik Becker and Gustav Zinn took the reins here in mid-July 2006 after their predecessor retired. Becker and Zinn also run Ivy Core Equity, which began using the approach they've used here since July 2006 in February 2006. Becker previously ran Ivy Read more

Inside Scoop

A new manager team has brought big changes to the fund. Rather than focus almost exclusively on top-down ideas to build the portfolio, new management combines top-down bets Read more

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