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, 2008
Commission file number 001-13913
WADDELL & REED FINANCIAL, INC.
401(K) AND THRIFT PLAN
(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)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Financial Statements and Schedule
December 31, 2008 and 2007
(With Report of Independent Registered Public Accounting Firm Thereon)
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, 2008 and 2007, 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, 2008 and 2007, 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 5, 2009 |
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Statements of Net Assets Available for Benefits
December 31, 2008 and 2007
|
|
2008 |
|
2007 |
|
|
Investments at fair value (note 3) |
|
$ |
93,443,905 |
|
130,704,232 |
|
Contributions receivable from participants |
|
225,647 |
|
211,082 |
|
|
Contributions receivable from participating employers |
|
356,308 |
|
314,055 |
|
|
Net assets available for benefits |
|
$ |
94,025,860 |
|
131,229,369 |
|
See accompanying notes to financial statements.
2
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2008 and 2007
|
|
2008 |
|
2007 |
|
|
Investment income (loss): |
|
|
|
|
|
|
Dividends stock |
|
$ |
207,666 |
|
219,644 |
|
Dividends mutual funds |
|
7,523,836 |
|
8,931,043 |
|
|
Net appreciation (depreciation) in the fair value of investments (note 3) |
|
(52,669,241 |
) |
12,940,149 |
|
|
Investment income (loss) |
|
(44,937,739 |
) |
22,090,836 |
|
|
Contributions (note 4): |
|
|
|
|
|
|
Participant |
|
8,623,837 |
|
7,787,347 |
|
|
Employer |
|
3,818,891 |
|
3,477,591 |
|
|
Participant rollovers |
|
359,249 |
|
167,159 |
|
|
Total contributions |
|
12,801,977 |
|
11,432,097 |
|
|
Benefits paid to participants |
|
(5,067,747 |
) |
(6,616,819 |
) |
|
Net increase (decrease) |
|
(37,203,509 |
) |
26,906,114 |
|
|
Net assets available for benefits: |
|
|
|
|
|
|
Beginning of year |
|
131,229,369 |
|
104,323,255 |
|
|
End of year |
|
$ |
94,025,860 |
|
131,229,369 |
|
See accompanying notes to financial statements.
3
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
(1) Description of Plan
The following brief description of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan, as amended (the Plan) is provided for general information purposes only. Participants should refer to the Plan agreement 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 months of consecutive 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. 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 pre-tax and after tax contributions not to exceed eligible earnings less required social security tax withholdings, subject to Internal Revenue Service (the IRS) limitations of $15,500 for 2008 and 2007; $20,500 for 2008 and 2007 if the participant is 50 years of age or older. The Plan provides 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. Employer matching contributions are pre-tax and begin after the participant completes 12 months of consecutive 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 Plan 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
On termination of service for any reason, 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)
4
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
(2) Summary of Significant Accounting Policies
(a) New Accounting Pronouncements
The Plan adopted SFAS No. 157, Fair Value Measurements (SFAS No. 157) on January 1, 2008, which defines fair value, establishes a framework for measuring fair value, and expands disclosure of fair value measurements. SFAS No. 157 applies under other accounting pronouncements that require or permit fair value measurements and, accordingly, does not require any new fair value measurements. The adoption of SFAS No. 157 did not have a material impact on the Plans financial statements.
(b) 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) Ivy Funds, Inc. and the Ivy Funds trust (collectively, 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 1,802 and 1,531 participants at December 31, 2008 and 2007, respectively. 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. At December 31, 2007, 239 of the 1,531 participants in the Plan were former employees who had elected not to withdraw from the Plan.
(c) 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.
(d) 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.
(Continued)
5
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
(e) Payment of Benefits and Administrative Expenses
Benefits are recorded when paid. Administrative expenses are paid by the participating employers listed in note 4.
(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, 2008 and 2007. Investments that represent 5% or more of the Plans net assets are separately identified.
|
|
Number |
|
|
|
|
December 31, 2008 |
|
of shares |
|
Fair value |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
453,770 |
|
$ |
7,015,284 |
|
Cash |
|
|
|
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 Group of Mutual Funds shares |
|
1,817,315 |
|
20,530,585 |
|
|
Total investments |
|
|
|
$ |
93,443,905 |
|
(Continued)
6
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
|
|
Number |
|
|
|
|
December 31, 2007 |
|
of shares |
|
Fair value |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
250,294 |
|
$ |
9,033,110 |
|
Cash |
|
|
|
157,512 |
|
|
Waddell & Reed Advisors Group of Mutual Funds shares: |
|
|
|
|
|
|
Asset Strategy |
|
1,019,544 |
|
12,968,598 |
|
|
Cash Management |
|
9,057,814 |
|
9,057,814 |
|
|
Core Investment |
|
1,450,095 |
|
9,063,094 |
|
|
New Concepts |
|
625,008 |
|
7,643,842 |
|
|
Science and Technology |
|
774,702 |
|
9,218,949 |
|
|
Vanguard |
|
641,492 |
|
6,831,888 |
|
|
Other Funds |
|
3,802,413 |
|
30,831,118 |
|
|
Total Waddell & Reed Advisors Group of Mutual Funds shares |
|
|
|
85,615,303 |
|
|
Ivy Group of Mutual Funds shares: |
|
|
|
|
|
|
Global Natural Resources |
|
210,769 |
|
8,264,235 |
|
|
Other Funds |
|
1,370,555 |
|
27,634,072 |
|
|
Total Ivy Group of Mutual Funds shares |
|
|
|
35,898,307 |
|
|
Total investments |
|
|
|
$ |
130,704,232 |
|
|
|
|
|
|
|
(b) Fair Value Measures
SFAS No. 157 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. In accordance with SFAS No. 157, these inputs are summarized in the three broad levels listed below:
· 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)
In determining the appropriate levels, the Plan performs a detailed analysis of the assets and liabilities that are subject to SFAS No. 157. At December 31, 2008, all of the Plans investments were Level 1 investments.
(Continued)
7
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
(c) Change in Fair Values
During 2008 and 2007, the Plans investments (including gains and losses on investments bought and sold as well as held during the year) depreciated by $52,669,241 and appreciated by $12,940,149, respectively, as follows:
|
|
2008 |
|
2007 |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
$ |
(5,282,360 |
) |
2,533,225 |
|
Torchmark Corporation common stock |
|
|
|
(35,026 |
) |
|
Waddell & Reed Advisors Group of Mutual Funds: |
|
|
|
|
|
|
Accumulative |
|
(2,023,741 |
) |
594,588 |
|
|
Asset Strategy |
|
(6,446,938 |
) |
2,772,294 |
|
|
Bond |
|
(62,178 |
) |
20,859 |
|
|
Continental Income |
|
(195,825 |
) |
35,941 |
|
|
Core Investment |
|
(3,096,786 |
) |
169,187 |
|
|
Dividend Opportunities |
|
(697,407 |
) |
175,642 |
|
|
Energy |
|
(1,062,456 |
) |
391,538 |
|
|
Global Bond |
|
(557,348 |
) |
214,602 |
|
|
Government Securities |
|
114,721 |
|
30,150 |
|
|
High Income |
|
(357,576 |
) |
(65,445 |
) |
|
International Growth |
|
(2,334,904 |
) |
1,037,060 |
|
|
Limited-Term Bond |
|
|
|
6,282 |
|
|
New Concepts |
|
(3,564,571 |
) |
506,655 |
|
|
Retirement Shares |
|
(196,440 |
) |
85,448 |
|
|
Science and Technology |
|
(3,568,672 |
) |
257,104 |
|
|
Small Cap |
|
(1,591,780 |
) |
(195,037 |
) |
|
Value |
|
(821,874 |
) |
(151,628 |
) |
|
Vanguard |
|
(3,046,014 |
) |
884,878 |
|
|
Total Waddell & Reed Advisors Group of Mutual Funds |
|
$ |
(29,509,789 |
) |
6,770,118 |
|
(Continued)
8
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
|
|
2008 |
|
2007 |
|
|
Ivy Group of Mutual Funds: |
|
|
|
|
|
|
Asset Strategy |
|
$ |
(1,477,293 |
) |
918,660 |
|
Bond |
|
(11,386 |
) |
(1,069 |
) |
|
Capital Appreciation |
|
(280,363 |
) |
40,062 |
|
|
Core Equity |
|
(101,572 |
) |
10,319 |
|
|
Cundill Global Value |
|
(600,002 |
) |
(172,020 |
) |
|
European Opportunities |
|
(1,502,170 |
) |
(45,607 |
) |
|
Global Natural Resources |
|
(6,097,740 |
) |
1,594,326 |
|
|
High Income |
|
(74,624 |
) |
(7,704 |
) |
|
International Balanced |
|
(382,630 |
) |
244,092 |
|
|
International Growth |
|
(522,920 |
) |
25,378 |
|
|
International Core Equity |
|
(497,599 |
) |
67,778 |
|
|
Large Cap Growth |
|
(621,434 |
) |
320,510 |
|
|
Limited-Term Bond |
|
10,649 |
|
2,367 |
|
|
Mid Cap Growth |
|
(198,774 |
) |
74,167 |
|
|
Mortgage Securities |
|
(66,352 |
) |
(6,873 |
) |
|
Pacific Opportunities |
|
(3,067,163 |
) |
849,222 |
|
|
Real Estate Securities |
|
(570,805 |
) |
(421,970 |
) |
|
Science and Technology |
|
(955,832 |
) |
303,046 |
|
|
Small Cap Growth |
|
(706,084 |
) |
(72,245 |
) |
|
Small Cap Value |
|
(152,998 |
) |
(50,607 |
) |
|
Total Ivy Group of Mutual Funds |
|
(17,877,092 |
) |
3,671,832 |
|
|
Net appreciation (depreciation) |
|
$ |
(52,669,241 |
) |
12,940,149 |
|
(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:
|
|
2008 |
|
2007 |
|
|||||
|
|
Participant |
|
Employer |
|
Participant |
|
Employer |
|
|
Waddell & Reed Financial, Inc. |
|
$ |
149,527 |
|
60,439 |
|
145,878 |
|
58,256 |
|
Waddell & Reed, Inc. |
|
4,188,034 |
|
1,690,319 |
|
3,957,756 |
|
1,587,815 |
|
|
Waddell & Reed Investment Management Company |
|
1,342,877 |
|
621,876 |
|
1,255,429 |
|
610,823 |
|
|
Waddell & Reed Services Company |
|
1,460,334 |
|
721,438 |
|
1,272,682 |
|
630,642 |
|
|
The Legend Group of Companies |
|
466,662 |
|
225,779 |
|
457,738 |
|
209,734 |
|
|
Austin Calvert & Flavin, Inc. |
|
97,178 |
|
48,960 |
|
89,160 |
|
48,873 |
|
|
Ivy Funds Distributor, Inc. |
|
919,225 |
|
450,080 |
|
608,704 |
|
331,448 |
|
|
|
|
$ |
8,623,837 |
|
3,818,891 |
|
7,787,347 |
|
3,477,591 |
|
(Continued)
9
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
(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.
(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 March 9, 2009, the Plan administrator approved an amendment to the Plan to reduce the maximum employer matching contribution from 4% to 1%. As a result, under IRC sections 401(k) and 401(m)(11), the Plan will forfeit the status of a safe harbor plan for future years.
(Continued)
10
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
December 31, 2008 and 2007
(10) Reconciliation of Financial Statements to Form 5500
At December 31, 2007, certain participants whose account balances totaled $131,519 notified the Plan administrator that they had elected to withdraw from the Plan; however, related Plan distributions were not made until 2008. These amounts are presented herein as a component of net assets in the accompanying financial statements, but are presented as liabilities of the Plan on the 2007 Form 5500. No such reconciling items were noted at December 31, 2008.
The following is a reconciliation of net assets available for Plan benefits per the financial statements to Form 5500 at December 31, 2008 and 2007:
|
|
2008 |
|
2007 |
|
|
Net assets available for Plan benefits per the financial statements |
|
$ |
94,025,860 |
|
131,229,369 |
|
Amounts allocated to withdrawing participants |
|
|
|
(131,519 |
) |
|
Net assets available for Plan benefits per the Form 5500 |
|
$ |
94,025,860 |
|
131,097,850 |
|
The following is a reconciliation of distributions to participants per the financial statements to the Form 5500 for the years ended December 31, 2008 and 2007:
|
|
2008 |
|
2007 |
|
|
Distributions to participants per the financial statements |
|
$ |
5,067,747 |
|
6,616,819 |
|
Add: Amounts allocated to withdrawing participants at December 31, 2008 and 2007 |
|
|
|
131,519 |
|
|
Less: Amounts allocated to withdrawing participants at December 31, 2007 and 2006 |
|
(131,519 |
) |
(1,816 |
) |
|
Distributions paid to participants per the Form 5500 |
|
$ |
4,936,228 |
|
6,746,522 |
|
11
Schedule 1
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Schedule of Assets Held for Investment Purposes
December 31, 2008
Identity of issuer, borrower, |
|
|
|
|
|
Current |
|
|||
lessor, or similar party |
|
Description of investment |
|
value |
|
|||||
|
|
Cash |
|
|
|
|
|
236,103 |
|
|
|
|
Accrued Income |
|
|
|
|
|
86,216 |
|
|
* |
|
Waddell & Reed Financial, Inc. |
|
453,770 |
|
shares of Class A common stock |
|
7,015,284 |
|
|
|
|
|
|
|
|
|
|
7,337,603 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
580,882 |
|
shares of Accumulative |
|
3,008,969 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
1,437,860 |
|
shares of Asset Strategy |
|
10,021,887 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
252,039 |
|
shares of Bond |
|
1,492,072 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
12,199,102 |
|
shares of Cash Management |
|
12,199,102 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
119,595 |
|
shares of Continental Income |
|
792,916 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
1,378,812 |
|
shares of Core Investment |
|
5,584,189 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
103,659 |
|
shares of Dividend Opportunities |
|
1,137,140 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
117,274 |
|
shares of Energy |
|
938,188 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
1,325,459 |
|
shares of Global Bond |
|
4,572,833 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
468,950 |
|
shares of Government Securities |
|
2,705,841 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
252,745 |
|
shares of High Income |
|
1,311,749 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
490,783 |
|
shares of International Growth |
|
3,268,613 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
715,959 |
|
shares of New Concepts |
|
4,460,427 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
42,826 |
|
shares of Retirement Shares |
|
214,129 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
797,004 |
|
shares of Science and Technology |
|
5,650,759 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
287,746 |
|
shares of Small Cap |
|
2,399,806 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
193,562 |
|
shares of Value |
|
1,573,662 |
|
|
* |
|
Waddell & Reed Advisors Group of Mutual Funds |
|
725,374 |
|
shares of Vanguard |
|
4,243,435 |
|
|
|
|
Total Waddell & Reed Advisors Group of Mutual Funds |
|
|
|
$ |
65,575,717 |
|
||
|
|
|
|
|
|
|
|
|
|
|
* |
|
Ivy Group of Mutual Funds |
|
161,362 |
|
shares of Asset Strategy |
|
2,933,566 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
9,651 |
|
shares of Bond |
|
85,029 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
39,937 |
|
shares of Capital Appreciation |
|
240,819 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
26,769 |
|
shares of Core Equity |
|
193,807 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
120,567 |
|
shares of Cundill Global Value |
|
1,151,411 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
70,758 |
|
shares of European Opportunities |
|
1,223,406 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
287,564 |
|
shares of Global Natural Resources |
|
3,076,930 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
113,498 |
|
shares of High Income |
|
704,821 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
63,028 |
|
shares of International Balanced |
|
666,832 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
65,019 |
|
shares of International Core Equity |
|
671,650 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
29,300 |
|
shares of International Growth |
|
663,929 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
111,314 |
|
shares of Large Cap Growth |
|
1,045,243 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
32,123 |
|
shares of Limited-Term Bond |
|
344,678 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
34,938 |
|
shares of Mid Cap Growth |
|
317,936 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
30,450 |
|
shares of Mortgage Securities |
|
238,731 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
271,064 |
|
shares of Pacific Opportunities |
|
2,420,601 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
70,164 |
|
shares of Real Estate Securities |
|
846,883 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
91,896 |
|
shares of Science And Technology |
|
2,018,952 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
137,790 |
|
shares of Small Cap Growth |
|
1,139,519 |
|
|
* |
|
Ivy Group of Mutual Funds |
|
50,123 |
|
shares of Small Cap Value |
|
545,842 |
|
|
|
|
Total Ivy Group of Mutual Funds |
|
|
|
|
|
20,530,585 |
|
|
|
|
Total investments |
|
|
|
|
|
$ |
93,443,905 |
|
* Indicates party-in-interest investment.
See accompanying independent auditors report.
12
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 5, 2009.
|
WADDELL & REED FINANCIAL, INC. |
||
|
401(K) AND THRIFT PLAN |
||
|
|
||
|
|
||
|
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 |
|