IVY ENTERPRISE FUND $4.55 invests in smaller and medium-sized companies. The $240.5 million fund has an MER of 2.46%. The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are RONA Inc., Winpak, Richie Brothers Auctioneers, National Instruments, Canadian Western Bank, Saxon Financial, Brown & Brown, Henry Schein and Robert Half International.
We think investors can do better by buying some of the other small-cap funds we recommend in Canadian Wealth Advisor.
Ivy Enterprise Fund is a sell.