IRSAX : Ivy Securian Real Estate Securities Fund Class A

Fund Summary

The investment seeks to provide total return through capital appreciation and current income. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in the securities of companies in the real estate or real estate-related industries. "Real estate" securities include securities of issuers that receive at least 50% of their gross revenue from the construction, ownership, leasing, management, financing or sale of residential, commercial or industrial real estate.