2021 Midyear Outlook: Navigating through the recovery
Listen in as we discuss our outlook on the US recovery and the Federal Reserve’s new framework, including its impact on inflation, interest rates and growth.
|Net Asset Value (NAV)||$10.17|
|Daily NAV Change||$0.06||0.59%|
|Weekly NAV Change||$0.13||1.29%|
|Public Offering Price (POP)||$10.17||—|
|Fund Type||Fixed Income Funds|
|Fiscal Year End||September|
(as of 11/30/2021)
(as of 11/30/2021)
|Portfolio Turnover Rate
(as of 9/30/2020)
|Morningstar Category||High Yield Bond|
|Benchmark||ICE BofA US HY Constnd TR USD|
|Benchmark||Bloomberg US Corporate High-Yield Bond|
Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.
|Fund at NAV||3.11%||5.07%||7.60%||N/A||N/A||5.37%|
|ICE BofA US HY Constnd TR USD||3.40%||5.38%||7.07%||6.09%||6.78%||-|
|Bloomberg US Corporate High-Yield Bond||3.34%||5.29%||7.39%||6.29%||6.91%||-|
|Morningstar High Yield Bond||3.07%||4.89%||6.15%||5.20%||5.78%||-|
|Fund at NAV||4.33%||10.92%||6.98%||N/A||N/A||5.86%|
|Bloomberg US Corporate High-Yield Bond||4.53%||11.28%||6.91%||6.52%||7.42%||-|
|Morningstar High Yield Bond||4.22%||10.50%||5.69%||5.41%||6.25%||-|
|Bloomberg US Corporate High-Yield Bond||17.13||7.50||-2.08||14.32||7.11|
Category: High Yield Bond
|Overall out of 629|
|3 Year out of 629|
Ratings are based on risk-adjusted returns.
Category: High Yield Bond
|1 Year||298 /680||41|
|3 Year||70 /629||16|
Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category. The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.
|Date||Price||Dividend Reinvest Date||Capital Gain Reinvest Date|
|Ex-date||Income||Capital Gains||Reinvest Gains||Payment Date|
The table includes the daily prices at NAV (net asset value) for the history of this fund's selected share class. NAV is the amount per share you would receive if you sold shares that day.
|State Street Institutional U.S. Government Money Market Fund - Premier Class, 0.025%, 12-1-21, 0.0%||3.43%|
|American Airlines, Inc. (GTD by American Airlines Group, , 11.8%, 7/15/2025||1.16%|
|HCA, Inc. (GTD by HCA Holdings, Inc.), 3.5%, 9/1/2030||1.16%|
|Ford Motor Co., 4.8%, 1/15/2043||0.94%|
|Altice Financing S.A., 5.0%, 1/15/2028||0.92%|
|Altice France S.A., 5.5%, 10/15/2029||0.87%|
|Connect Finco S.a.r.l. and Connect U.S. Finco LLC, 6.8%, 10/1/2026||0.84%|
|Univision Communications, Inc., 6.6%, 6/1/2027||0.82%|
|California Resources Corp., 7.1%, 2/1/2026||0.81%|
|DaVita, Inc., 4.6%, 6/1/2030||0.81%|
Total Portfolio Holdings DOWNLOAD (as of 9/30/2021)updated quarterly, upon availability
|Average Maturity||6.80 years|
|Effective Duration||4.16 years|
Quality: Our preference is to always use ratings obtained from Standard & Poor's, Moody’s, and Fitch. It is each Portfolio’s general policy to classify such security at the lower rating level if only two ratings are available. If more than two ratings are available and a median exists, the median is used. If more than two ratings exist without a median, the lower of the two middle ratings is used. We do not evaluate these ratings, but simply assign them to the appropriate credit quality category as determined by the rating agency.
|Cash and Cash Equivalents||4.39%|
|Domestic Common Stock||0.00%|
|Statement of Additional Information||DOWNLOAD|
Significant Event* On September 13, 2021, the Board of Trustees (Board) of the Ivy Funds approved the Fund name change to “Delaware Ivy High Yield Fund” (formerly, Delaware Ivy PineBridge High Yield Fund, and before that, Ivy PineBridge High Yield Fund) and the appointment of the portfolio manager team of Adam H. Brown and John P. McCarthy of Delaware Management Company (DMC) as new Fund portfolio managers. In addition, the Board approved appointing Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Europe Limited, and Macquarie Investment Management Global Limited, to provide discretionary investment management services in a sub-advisory capacity. The Board also approved the termination of the Fund’s current sub-advisor. In connection with these changes, the Board approved applicable revisions to the Fund’s investment strategies and benchmark. All changes took effect on or about November 15, 2021.Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.
The Fund's investment manager, Delaware Management Company (Manager), may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Europe Limited, and Macquarie Investment Management Global Limited to provide discretionary investment management services in a sub-advisory capacity.