8.63 Down -0.04 -0.46%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 8.67
Category High Yield Bond
Net Assets 4.35 Bil
Yield 6.57%
Morningstar Risk Below Average
Morningstar Return Above Average
  • Last NAV update 7/31/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks to provide total return through a combination of high current income and capital appreciation. The fund invests primarily in a diversified portfolio of high-yield, high-risk, fixed income securities, including secured and unsecured loan assignments, loan participations and other loan instruments (loans), of U.S. and foreign issuers, the risks of which are, in the judgment of the adviser consistent with the fund's objective. It invests primarily in lower quality debt securities, which include debt securities rated BBB+ or lower.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 15.27% 6.12% 16.87% 10.19% 4.09%
Value ($) 11,526.50 12,232.47 14,296.44 15,753.35 16,397.81
  • Year to date performance as of 7/30/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Ivy Funds
Fund Manager Chad Gunther
Tenure (Years) 0
Fund Status Open
Minimum Initial Purchase 750.00
Minimum IRA Investment NA
Front Load 5.75
Expense Ratio 0.93%
PERFORMANCE
Symbol Value ($)
1 Month -0.48%
3 Months 1.03%
1 Year 8.85%
3 Years* 10.26%
5 Years* 12.78%
  • * Annualized returns
  • Performance as of 7/30/2014 12:00 AM ET
PEER COMPARISON
  WHIAX High Yield Bond
5-Yr Return 12.78% 11.21%
Sharpe Ratio 2.11 3.62
Net Assets 4.35 Bil 449.28 Mil
Avg Market Cap 23.76 Bil 12.85 Bil
Avg P/E NA 16.73
Portfolio Turnover 75 80
HOLDINGS
Symbol Value ($)
Stocks 0.95%
Cash 3.73%
Fixed Income 96.81%
Other 2.25%
TOP 10 HOLDINGS
NAME % NET ASSETS
Magic 2 Lien (Misys Plc) 2.02%
Laureate Educ 144A 9.25% 1.71%
Formula 1 (Proj Green Ii) 1.41%
Hd Sply 11.5% 1.12%
Tmx Fin Llc/Titlemax Fin 144A 8.5% 1.02%
Eagle Midco 144A 9% 0.98%
Onex Usi Acquisition 144A 7.75% 0.94%
Jo-Ann Stores 144A 9.75% 0.88%
Bakercorp Intl 144A 8.25% 0.84%
Pinnacle Operating Corporation 144A 9% 0.84%
DATA PROVIDERS

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