UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934
For the fiscal year ended December 31, 2009
Commission file number 001-13913
WADDELL & REED FINANCIAL, INC.
401(K) AND THRIFT PLAN, AS AMENDED AND RESTATED
(Full title of the Plan)
WADDELL & REED FINANCIAL, INC.
6300 Lamar Avenue
Overland Park, Kansas 66202
913-236-2000
(Name of issuer of securities held pursuant to the Plan)
Report of Independent Registered Public Accounting Firm
The
Plan Administrators
Waddell & Reed Financial, Inc.
401(k) and Thrift Plan:
We have audited the accompanying statements of net assets available for benefits of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan (the Plan) as of December 31, 2009 and 2008, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plans management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan as of December 31, 2009 and 2008, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information included in Schedule 1 is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplementary schedule is the responsibility of the Plans management. The schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.
/s/ KPMG LLP
Kansas
City, Missouri
June 29, 2010
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Statements of Net Assets Available for Benefits
December 31, 2009 and 2008
|
|
2009 |
|
2008 |
|
|
Investments at fair value (note 3) |
|
$ |
119,133,715 |
|
93,443,905 |
|
Contributions receivable from participants |
|
203,863 |
|
225,647 |
|
|
Contributions receivable from participating employers |
|
324,588 |
|
356,308 |
|
|
Net assets available for benefits |
|
$ |
119,662,166 |
|
94,025,860 |
|
See accompanying notes to financial statements.
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2009 and 2008
|
|
2009 |
|
2008 |
|
|
Investment income (loss): |
|
|
|
|
|
|
Dividends stock |
|
$ |
277,843 |
|
207,666 |
|
Dividends mutual funds |
|
1,348,002 |
|
7,523,836 |
|
|
Net appreciation (depreciation) in the fair value of investments (note 3) |
|
28,906,940 |
|
(52,669,241 |
) |
|
Total investment income (loss) |
|
30,532,785 |
|
(44,937,739 |
) |
|
Contributions (note 4): |
|
|
|
|
|
|
Participant |
|
7,785,882 |
|
8,623,837 |
|
|
Employer |
|
1,585,333 |
|
3,818,891 |
|
|
Participant rollovers |
|
716,599 |
|
359,249 |
|
|
Total contributions |
|
10,087,814 |
|
12,801,977 |
|
|
Benefits paid to participants |
|
(14,984,293 |
) |
(5,067,747 |
) |
|
Net increase (decrease) |
|
25,636,306 |
|
(37,203,509 |
) |
|
Net assets available for benefits: |
|
|
|
|
|
|
Beginning of year |
|
94,025,860 |
|
131,229,369 |
|
|
End of year |
|
$ |
119,662,166 |
|
94,025,860 |
|
See accompanying notes to financial statements.
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
(1) Description of Plan
The following brief description of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan, as amended and restated (the Plan) is provided for general information purposes only. Participants should refer to the Plan document for more complete information.
(a) General
The Plan is a defined contribution plan covering substantially all employees of Waddell & Reed Financial, Inc. and subsidiaries who have 12 consecutive months of service and no less than 1,000 hours of service for Waddell & Reed Financial, Inc. or a subsidiary. Effective August 1, 2008, the eligibility requirements were changed to allow employees with 30 days of service to participate in the Plan with employer matching contributions beginning following 12 consecutive months of service. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Plan administration is accomplished through a committee of five persons who have authority to arbitrate disputes and settle claims arising under the Plan.
(b) Contributions
Participants are allowed to make yearly pretax and aftertax contributions not to exceed eligible earnings less required social security tax withholdings, subject to Internal Revenue Service (the IRS) limitations of $16,500 for 2009 and $15,500 for 2008; $22,000 for 2009 and $20,500 for 2008 if the participant is 50 years of age or older. The Plan provided for a matching employer contribution of 100% of the first 3% of the participants contribution and 50% of the next 2% of the participants contribution. Effective March 9, 2009, the matching employer contribution was reduced from 4% to 1% of the participants eligible compensation, which removed the Plans safe harbor designation. Employer matching contributions are pretax and begin after the participant completes 12 consecutive months of service.
Participants direct the investment of participant and employer matching contributions among investment options available under the Plan.
(c) Participant Accounts
Each participants account is credited with their contribution, the employers matching contribution, and earnings on their participant and employer account balances. Participants vest immediately in their contributions, employer matching contributions, and actual earnings thereon.
(d) Participant Loans
Participant loans are not permitted.
(e) Payment of Benefits
Upon termination of service for any reason and election to withdraw from the Plan, a participant is paid a lump-sum distribution. Former employees can elect not to withdraw from the Plan, but cannot continue to make contributions to the Plan.
(Continued)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
(2) Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) and present the Plans net assets available for benefits and changes in those net assets using the accrual method of accounting.
The Plan allows contributions to be invested in Waddell & Reed Financial, Inc. Class A common stock and certain mutual fund shares of (i) the Waddell & Reed Advisors Group of Mutual Funds and (ii) the Ivy Funds. Waddell and Reed Investment Management Company, a participating employer in the Plan, and Ivy Investment Management Company manage the Waddell & Reed Advisors Group of Mutual Funds and the Ivy Funds, respectively. Fiduciary Trust Company of New Hampshire serves as the trustee for the Plan.
The Plan had 1,598 and 1,802 participants at December 31, 2009 and 2008, respectively. At December 31, 2009, 343 of the 1,598 participants in the Plan were former employees who had elected not to withdraw from the Plan. At December 31, 2008, 358 of the 1,802 participants in the Plan were former employees who had elected not to withdraw from the Plan.
(b) Use of Estimates
The preparation of financial statements in conformity with GAAP requires the plan administrator to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
(c) Investment Valuation and Income Recognition
The Plans investments in common stock are stated at fair value. The Plans investments in mutual fund shares are stated at net asset value. Quoted market prices are used to value or derive the value of investments.
Purchases and sales of securities are recorded on a trade-date basis (the date the order to buy or sell is executed). Dividend income is recorded on the ex-dividend date.
(d) Payment of Benefits and Administrative Expenses
Benefits are recorded when paid. Administrative expenses are paid by the participating employers listed in note 4.
(Continued)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
(e) Accounting Pronouncement Not Yet Adopted
In January 2010, the Financial Accounting Standards Board issued Accounting Standards Update No. 2010-06 to amend Fair Value Measurements and Disclosures Topic, Accounting Standards Codification (ASC) 820. This guidance requires disclosure changes related to recurring or nonrecurring fair value measurements. Specifically, companies are required to disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements, describe the reasons for the transfers, and provide additional detail related to the reconciliation of Level 3 fair value measurements. Additionally, the guidance clarifies existing disclosure requirements. The guidance is effective for annual reporting periods beginning after December 15, 2009, except for certain provisions related to the rollforward of activity in Level 3 fair value measurements, which are effective for fiscal years beginning after December 15, 2010.
(3) Plan Investments
(a) Fair Value
The following presents the number of shares and fair value of common stock and mutual fund investments held by the Plan as of December 31, 2009 and 2008. Investments that represent 5% or more of the Plans net assets are separately identified.
December 31, 2009 |
|
Number |
|
Fair value |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
300,644 |
|
$ |
9,181,668 |
|
Cash equivalents |
|
|
|
462,080 |
|
|
Accrued income |
|
|
|
57,194 |
|
|
|
|
|
|
|
|
|
Waddell & Reed Advisors Group of Mutual Funds shares: |
|
|
|
|
|
|
Asset Strategy |
|
1,508,487 |
|
13,078,578 |
|
|
Cash Management |
|
10,028,072 |
|
10,028,072 |
|
|
Core Investment |
|
1,283,769 |
|
6,354,658 |
|
|
New Concepts |
|
694,253 |
|
6,484,327 |
|
|
Science and Technology |
|
803,568 |
|
8,132,104 |
|
|
Other Funds |
|
4,094,231 |
|
30,059,044 |
|
|
Total Waddell & Reed Advisors Group of Mutual Funds shares |
|
|
|
74,136,783 |
|
|
Ivy Funds shares: |
|
|
|
|
|
|
Global Natural Resources |
|
389,293 |
|
7,307,033 |
|
|
Other Funds |
|
1,817,671 |
|
27,988,957 |
|
|
Total Ivy Funds shares |
|
|
|
35,295,990 |
|
|
Total investments |
|
|
|
$ |
119,133,715 |
|
(Continued)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
December 31, 2008 |
|
Number |
|
Fair value |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
453,770 |
|
$ |
7,015,284 |
|
Cash equivalents |
|
|
|
236,103 |
|
|
Accrued income |
|
|
|
86,216 |
|
|
|
|
|
|
|
|
|
Waddell & Reed Advisors Group of Mutual Funds shares: |
|
|
|
|
|
|
Asset Strategy |
|
1,437,860 |
|
10,021,887 |
|
|
Cash Management |
|
12,199,102 |
|
12,199,102 |
|
|
Core Investment |
|
1,378,812 |
|
5,584,189 |
|
|
Science and Technology |
|
797,004 |
|
5,650,759 |
|
|
Other Funds |
|
5,676,853 |
|
32,119,780 |
|
|
Total Waddell & Reed Advisors Group of Mutual Funds shares |
|
|
|
65,575,717 |
|
|
Ivy Funds shares |
|
1,817,315 |
|
20,530,585 |
|
|
Total investments |
|
|
|
$ |
93,443,905 |
|
Cash equivalents consist of shares of the Waddell & Reed Cash Management fund.
(b) Fair Value Measures
The Plan determines the fair value of the investments using broad levels of inputs as defined by related accounting standards:
· Level 1 Quoted prices in active markets for identical securities.
· Level 2 Other significant observable inputs (including quoted prices in active markets for similar securities).
· Level 3 Significant unobservable inputs (including the Plans own assumptions in determining the fair value of investments).
At December 31, 2009 and 2008, all of the Plans investments were Level 1 investments.
(Continued)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
(c) Change in Fair Values
During 2009 and 2008, the Plans investments (including gains and losses on investments bought and sold as well as held during the year) appreciated by $28,906,940 and depreciated by $52,669,241, respectively, as follows:
|
|
2009 |
|
2008 |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
$ |
5,177,616 |
|
(5,282,360 |
) |
Waddell & Reed Advisors Group of Mutual Funds: |
|
|
|
|
|
|
Accumulative |
|
694,331 |
|
(2,023,741 |
) |
|
Asset Strategy |
|
2,467,942 |
|
(6,446,938 |
) |
|
Bond |
|
47,095 |
|
(62,178 |
) |
|
Continental Income |
|
144,427 |
|
(195,825 |
) |
|
Core Investment |
|
1,186,240 |
|
(3,096,786 |
) |
|
Dividend Opportunities |
|
199,168 |
|
(697,407 |
) |
|
Energy |
|
440,587 |
|
(1,062,456 |
) |
|
Global Bond |
|
602,656 |
|
(557,348 |
) |
|
Government Securities |
|
(66,523 |
) |
114,721 |
|
|
High Income |
|
537,447 |
|
(357,576 |
) |
|
International Growth |
|
873,523 |
|
(2,334,904 |
) |
|
New Concepts |
|
2,145,309 |
|
(3,564,571 |
) |
|
Retirement Shares |
|
17,678 |
|
(196,440 |
) |
|
Science and Technology |
|
2,429,647 |
|
(3,568,672 |
) |
|
Small Cap |
|
1,090,683 |
|
(1,591,780 |
) |
|
Value |
|
375,429 |
|
(821,874 |
) |
|
Vanguard |
|
953,173 |
|
(3,046,014 |
) |
|
Total Waddell & Reed Advisors Group of Mutual Funds |
|
14,138,812 |
|
(29,509,789 |
) |
|
|
|
|
|
|
|
|
Ivy Funds: |
|
|
|
|
|
|
Asset Strategy |
|
808,132 |
|
(1,477,293 |
) |
|
Bond |
|
(10,029 |
) |
(11,386 |
) |
|
Capital Appreciation |
|
104,352 |
|
(280,363 |
) |
|
Core Equity |
|
56,178 |
|
(101,572 |
) |
|
Cundill Global Value |
|
307,662 |
|
(600,002 |
) |
|
European Opportunities |
|
263,563 |
|
(1,502,170 |
) |
|
Global Natural Resources |
|
2,750,515 |
|
(6,097,740 |
) |
|
High Income |
|
337,675 |
|
(74,624 |
) |
|
International Balanced |
|
195,427 |
|
(382,630 |
) |
|
International Core Equity |
|
375,045 |
|
(497,599 |
) |
|
International Growth |
|
175,661 |
|
(522,920 |
) |
|
Large Cap Growth |
|
289,839 |
|
(621,434 |
) |
|
(Continued)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
|
|
2009 |
|
2008 |
|
|
Limited-Term Bond |
|
$ |
13,490 |
|
10,649 |
|
Micro Cap Growth |
|
1,464 |
|
|
|
|
Mid Cap Growth |
|
141,552 |
|
(198,774 |
) |
|
Mortgage Securities |
|
8,941 |
|
(66,352 |
) |
|
Pacific Opportunities |
|
1,930,852 |
|
(3,067,163 |
) |
|
Real Estate Securities |
|
251,236 |
|
(570,805 |
) |
|
Science and Technology |
|
806,977 |
|
(955,832 |
) |
|
Small Cap Growth |
|
559,000 |
|
(706,084 |
) |
|
Small Cap Value |
|
222,980 |
|
(152,998 |
) |
|
Total Ivy Funds |
|
9,590,512 |
|
(17,877,092 |
) |
|
Net appreciation (depreciation) |
|
$ |
28,906,940 |
|
(52,669,241 |
) |
(4) Contributions by Participants and Participating Employers
The contributions of participants and each participating employer to the Plan for the years ended December 31 are as follows:
|
|
2009 |
|
2008 |
|
|||||
|
|
Participant |
|
Employer |
|
Participant |
|
Employer |
|
|
Waddell & Reed Financial, Inc. |
|
$ |
41,902 |
|
5,180 |
|
149,527 |
|
60,439 |
|
Waddell & Reed, Inc. |
|
2,960,553 |
|
526,342 |
|
4,188,034 |
|
1,690,319 |
|
|
Waddell & Reed Investment Management Company |
|
1,154,438 |
|
256,861 |
|
1,342,877 |
|
621,876 |
|
|
Waddell & Reed Services Company |
|
512,989 |
|
143,100 |
|
1,460,334 |
|
721,438 |
|
|
The Legend Group of Companies |
|
426,877 |
|
96,690 |
|
466,662 |
|
225,779 |
|
|
Austin Calvert & Flavin, Inc. |
|
71,700 |
|
19,638 |
|
97,178 |
|
48,960 |
|
|
Ivy Funds Distributor, Inc. |
|
973,227 |
|
208,615 |
|
919,225 |
|
450,080 |
|
|
Waddell & Reed Corporate LLC |
|
1,567,608 |
|
318,044 |
|
|
|
|
|
|
Waddell & Reed Capital Management Group, Inc. |
|
76,588 |
|
10,863 |
|
|
|
|
|
|
|
|
$ |
7,785,882 |
|
1,585,333 |
|
8,623,837 |
|
3,818,891 |
|
(5) Related-Party Transactions
Plan investments include shares of mutual funds managed by Waddell & Reed Investment Management Company and Ivy Investment Management Company, as well as shares of Waddell & Reed Financial, Inc. Class A common stock. Waddell & Reed Financial, Inc. and its affiliates are the sponsors, as defined by the Plan, and therefore, these transactions qualify as party in interest.
(Continued)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2009 and 2008
(6) Plan Termination
Although it has not expressed any intent to do so, Waddell & Reed Financial, Inc. has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. All plan assets would be distributed in the event of plan termination.
(7) Tax Status
The IRS has determined and informed Waddell & Reed Financial, Inc. by a letter dated April 24, 2001 that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code of 1986, as amended (the IRC). Although the Plan has been amended since receiving the determination letter, the plan administrator and the Plans tax counsel are not aware of any activity or transactions that would adversely affect the qualified status of the Plan.
(8) Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants account balances and the amounts reported in the statements of net assets available for benefits.
(9) Subsequent Events
Effective January 1, 2010, the plan administrator reinstated the maximum employer matching contribution back to 4% of a participants eligible compensation. As a result, under IRC Sections 401(k) and 401(m)(11), the Plan will regain the status of a safe harbor plan for future years.
Schedule 1
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Schedule of Assets Held for Investment Purposes
December 31, 2009
Identity of issuer, borrower, |
|
|
|
|
|
Current |
|
|||
lessor, or similar party |
|
Description of investment |
|
value |
|
|||||
|
|
Cash equivalents |
|
|
|
|
|
$ |
462,080 |
|
|
|
Accrued income |
|
|
|
|
|
57,194 |
|
|
* |
|
Waddell & Reed Financial, Inc. |
|
300,644 |
|
shares of Class A common stock |
|
9,181,668 |
|
|
|
|
|
|
|
|
|
|
9,700,942 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
514,580 |
|
shares of Accumulative |
|
3,334,478 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
1,508,487 |
|
shares of Asset Strategy |
|
13,078,578 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
262,113 |
|
shares of Bond |
|
1,596,271 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
10,028,072 |
|
shares of Cash Management |
|
10,028,072 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
159,806 |
|
shares of Continental Income |
|
1,193,748 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
1,283,769 |
|
shares of Core Investment |
|
6,354,658 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
103,140 |
|
shares of Dividend Opportunities |
|
1,328,437 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
147,734 |
|
shares of Energy |
|
1,662,011 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
560,271 |
|
shares of Global Bond |
|
2,185,055 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
373,405 |
|
shares of Government Securities |
|
2,098,539 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
397,352 |
|
shares of High Income |
|
2,662,257 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
487,745 |
|
shares of International Growth |
|
4,121,443 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
694,253 |
|
shares of New Concepts |
|
6,484,327 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
803,568 |
|
shares of Science and Technology |
|
8,132,104 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
296,294 |
|
shares of Small Cap |
|
3,555,523 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
178,785 |
|
shares of Value |
|
1,821,815 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
613,006 |
|
shares of Vanguard |
|
4,499,467 |
|
|
|
|
Total Waddell & Reed Advisors Group of Mutual Funds |
|
|
|
74,136,783 |
|
|||
* |
|
Ivy Funds |
|
204,962 |
|
shares of Asset Strategy |
|
4,597,290 |
|
|
* |
|
Ivy Funds |
|
9,792 |
|
shares of Bond |
|
94,594 |
|
|
* |
|
Ivy Funds |
|
44,357 |
|
shares of Capital Appreciation |
|
370,829 |
|
|
* |
|
Ivy Funds |
|
33,524 |
|
shares of Core Equity |
|
299,037 |
|
|
* |
|
Ivy Funds |
|
107,740 |
|
shares of Cundill Global Value |
|
1,323,048 |
|
|
* |
|
Ivy Funds |
|
74,447 |
|
shares of European Opportunities |
|
1,627,422 |
|
|
* |
|
Ivy Funds |
|
389,293 |
|
shares of Global Natural Resources |
|
7,307,033 |
|
|
* |
|
Ivy Funds |
|
175,724 |
|
shares of High Income |
|
1,435,663 |
|
|
* |
|
Ivy Funds |
|
61,365 |
|
shares of International Balanced |
|
832,716 |
|
|
* |
|
Ivy Funds |
|
93,668 |
|
shares of International Core Equity |
|
1,386,282 |
|
|
* |
|
Ivy Funds |
|
32,473 |
|
shares of International Growth |
|
931,982 |
|
|
* |
|
Ivy Funds |
|
106,407 |
|
shares of Large Cap Growth |
|
1,239,640 |
|
|
* |
|
Ivy Funds |
|
42,445 |
|
shares of Limited-Term Bond |
|
467,318 |
|
|
* |
|
Ivy Funds |
|
15,059 |
|
shares of Micro Cap Growth |
|
213,231 |
|
|
* |
|
Ivy Funds |
|
34,240 |
|
shares of Mid Cap Growth |
|
464,300 |
|
|
* |
|
Ivy Funds |
|
23,474 |
|
shares of Mortgage Securities |
|
192,018 |
|
|
* |
|
Ivy Funds |
|
358,673 |
|
shares of Pacific Opportunities |
|
5,451,832 |
|
|
* |
|
Ivy Funds |
|
70,450 |
|
shares of Real Estate Securities |
|
1,028,564 |
|
|
* |
|
Ivy Funds |
|
106,319 |
|
shares of Science And Technology |
|
3,249,118 |
|
|
* |
|
Ivy Funds |
|
160,422 |
|
shares of Small Cap Growth |
|
1,907,416 |
|
|
* |
|
Ivy Funds |
|
62,130 |
|
shares of Small Cap Value |
|
876,657 |
|
|
|
|
Total Ivy Funds |
|
|
|
|
|
35,295,990 |
|
|
|
|
Total investments |
|
|
|
|
|
$ |
119,133,715 |
|
* Indicates party-in-interest investment.
See accompanying report of independent registered accounting firm.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Administrative Committee of the Plan has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized, in the City of Overland Park, State of Kansas, on June 29, 2010.
|
WADDELL & REED FINANCIAL, INC. |
||
|
401(K) AND THRIFT PLAN, AS AMENDED AND RESTATED |
||
|
|
||
|
|
||
|
By: |
/s/ Daniel P. Connealy |
|
|
|
Daniel P. Connealy, Member |
|
|
|
Administrative Committee |
|
|
|
||
|
|
||
|
By: |
/s/ Sara L. Kircher |
|
|
|
Sara L. Kircher, Member |
|
|
|
Administrative Committee |
|
|
|
||
|
|
||
|
By: |
/s/ Mark S. Newman |
|
|
|
Mark S. Newman, Member |
|
|
|
Administrative Committee |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Michael D. Strohm |
|
|
|
Michael D. Strohm, Member |
|
|
|
Administrative Committee |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ John E. Sundeen, Jr. |
|
|
|
John E. Sundeen, Jr., Member |
|
|
|
Administrative Committee |
|