Waddell & Reed Continental Inc A (UNCIX - MF report) a Zacks Ranked #1 (Strong Buy) was created in June 1970 and is managed by Waddell & Reed Investment Management Company (WRIMCO). The primary goal of UNCIX is to provide current income to the extent that, in WRIMCO's opinion, market and economic conditions permit. UNCIX primarily invests in a diversified portfolio of income-producing securities (including common stock and debt securities) of U.S., and to a lesser extent, foreign issuers. UNCIX generally owns equity securities of medium to large, well-established companies that are usually dividend-producing securities. For the most part, UNCIX's debt securities are either U.S. Government securities or investment-grade corporate bonds.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and High Yield Bond. Further, as of the last filing, L Brands, Inc, PNC Financial Services Group, Inc and Union Pacific Corporation were the top holdings for UNCIX.
The Waddell & Reed Continental Inc A, managed by Waddell & Reed , carries an expense ratio of 1.14. Moreover, UNCIX requires a minimal initial investment of $750.
UNCIX 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 7.41%, 3 year 13.39%, and 5 year 12.67%. To see how this fund performed compared in its category, please click here.
UNCIX’s performance, as of the last filing, when compared to funds in its category was in the top 18% in 1 year, top 17% over the past 3 years, and in the 3% over the past 5 years.
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