can offer different paths.
Security selection, not forecasting, drives our results. Guided by macro-based sector allocation and bottom-up analysis, the Ivy Advantus Bond Fund relies primarily on bond-by-bond security selection—with a strong emphasis on the relative value.
Led by the same Advantus portfolio team for over 12 years, the fund managers utilize heightened risk awareness
and a disciplined investment process to stay selective amidst mixed economic signals.
morningstar percentile rankings
INTERMEDIATE-TERM BOND FUNDS I AS OF 09/30/17
Risk Factors: The value of the Fund’s shares will change, and you could lose money on your investment. Fixed income securities are subject to interest rate risk and, as such, the net asset value of the fund may fall as interest rates rise. Investing in below investment grade securities may carry a greater risk of nonpayment of interest or principal than higher-rated bonds. These and other risks are more fully described in the fund’s prospectus. Not all funds or fund classes may be offered at all broker/dealers.
The Ivy Bond Fund was renamed Ivy Advantus Bond Fund on April 3, 2017.
Source: Morningstar Direct; Fund listed is from the IVY FUNDS® mutual funds family for Class I shares. Other funds and share classes have different and/or lesser ratings. Class I shares are only available to certain types of investors. IVBIX Morningstar ratings: 3-year, 5 stars, 852 funds; 5-year, 5 stars, 773 funds; 10-year, 3 stars, 546 funds; overall, 4 stars out of 852 funds. The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance, and does not include the effects of sales charges. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Percent Rank in Category is the fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. % Rank in Category is based on total returns which include reinvested dividends and capital gains, if any, and exclude sales charges. Multiple share classes of a fund have a common portfolio but impose different expense structures.
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Information is subject to change and is not intended to represent any past or future investment recommendations.