Fund Detail

Ivy Cash Management Fund

Track Fund

Fund Summary

Overview
The Fund seeks to achieve its objective by investing in U.S. dollar-denominated, high-quality money market obligations and instruments. The Fund seeks, as well, to maintain a net asset value (NAV) of $1.00 per share.
Table View
Daily Net Shareholder Flows
Government & Retail Funds - Six Month Historical Shadow NAV - Daily
Prime Institutional Funds (including Institutional Municipal Money Funds) - Six Month Historical Floating NAV - Daily
Daily Liquid Assets
Weekly Liquid Assets
Date Net Inflows/Outflows % Daily Liquid Assets % Weekly Assets Shadows NAV
12/04/2020 2827193.35 15.12% 46.18% 1.0001
12/03/2020 (18178472) 14.97% 47.00% 1.0001
12/02/2020 (4181297) 16.30% 48.02% 1.0001
12/01/2020 12581882.28 17.10% 49.24% 1.0001
11/30/2020 (16470607) 15.98% 49.75% 1.0001
11/27/2020 (1756111) 15.61% 50.07% 1.0001
11/25/2020 7082507.25 11.38% 50.42% 1.0001
11/24/2020 19764537.74 13.94% 49.32% 1.0001
11/23/2020 (5109842) 13.17% 47.55% 1.0001
11/20/2020 (8125885) 14.13% 46.50% 1.0001
11/19/2020 (832018) 13.56% 45.55% 1.0001
11/18/2020 (2326136) 15.06% 47.43% 1.0001
11/17/2020 2266589.17 13.95% 46.94% 1.0001
11/16/2020 6415634.55 14.26% 47.73% 1.0002
11/13/2020 1297946.81 14.88% 48.29% 1.0002
11/12/2020 (6094565) 14.21% 48.45% 1.0003
11/11/2020 (1386773) 15.12% 48.74% 1.0002
11/10/2020 (7192136) 15.19% 48.79% 1.0002
11/09/2020 (6518996) 15.92% 49.78% 1.0002
11/06/2020 (6106818) 14.75% 49.50% 1.0002
11/05/2020 7145811.95 14.88% 49.10% 1.0002
11/04/2020 (2152863) 17.95% 51.36% 1.0003
11/03/2020 14392671.31 18.06% 50.66% 1.0002
11/02/2020 6643633.96 17.71% 50.02% 1.0003
10/30/2020 6610455.10 18.45% 50.93% 1.0003
10/29/2020 12610818.48 15.87% 50.91% 1.0003
10/28/2020 125126.75 14.49% 50.53% 1.0003
10/27/2020 10943917.11 15.93% 51.79% 1.0003
10/26/2020 2697448.65 15.61% 51.16% 1.0003
10/23/2020 1036147.04 16.12% 49.23% 1.0003
10/22/2020 5686024.20 15.27% 49.69% 1.0003
10/21/2020 510920.57 15.51% 49.00% 1.0003
10/20/2020 3469547.03 15.81% 49.60% 1.0003
10/19/2020 2854033.28 16.69% 51.14% 1.0003
10/16/2020 7940797.37 14.61% 50.12% 1.0003
10/15/2020 11755729.90 15.77% 51.40% 1.0003
10/14/2020 17160323.09 16.52% 51.76% 1.0003
10/13/2020 (2480125) 14.62% 50.88% 1.0003
10/12/2020 238281.24 15.02% 48.99% 1.0003
10/09/2020 6830261.41 15.01% 48.98% 1.0003
10/08/2020 (12024133) 16.24% 49.72% 1.0003
10/07/2020 (4296974) 16.87% 50.10% 1.0003
10/06/2020 1669544.15 16.15% 48.35% 1.0003
10/05/2020 1283451.87 16.70% 49.87% 1.0003
10/02/2020 7189393.90 17.68% 51.19% 1.0003
10/01/2020 (4866665) 19.55% 53.38% 1.0003
09/30/2020 (3195972) 20.35% 54.54% 1.0003
09/29/2020 20991400.09 17.22% 54.25% 1.0003
09/28/2020 1283694.08 17.96% 55.05% 1.0003
09/25/2020 9156132.55 16.54% 54.85% 1.0004
09/24/2020 3288274.65 15.69% 53.23% 1.0004
09/23/2020 (1987257) 17.19% 50.74% 1.0004
09/22/2020 6346106.99 19.78% 50.77% 1.0004
09/21/2020 (5217740) 17.83% 49.84% 1.0004
09/18/2020 (400334) 18.90% 50.96% 1.0004
09/17/2020 (3157173) 17.82% 50.98% 1.0004
09/16/2020 6676564.39 18.63% 51.72% 1.0004
09/15/2020 6149174.08 18.57% 50.22% 1.0004
09/14/2020 1132361.75 18.43% 50.18% 1.0004
09/11/2020 5197822.70 18.77% 52.78% 1.0004
09/10/2020 4726464.72 17.03% 53.93% 1.0004
09/09/2020 (2908054) 21.04% 55.76% 1.0004
09/08/2020 (15763442) 17.79% 57.79% 1.0004
09/04/2020 2982517.51 16.20% 58.22% 1.0004
09/03/2020 (3697681) 14.75% 57.28% 1.0004
09/02/2020 2972887.55 18.01% 58.51% 1.0004
09/01/2020 5579864.72 17.12% 54.43% 1.0004
08/31/2020 7811971.92 16.82% 51.18% 1.0004
08/28/2020 426589.50 16.20% 50.08% 1.0004
08/27/2020 1462815.72 15.96% 49.64% 1.0004
08/26/2020 (2112722) 16.01% 49.31% 1.0004
08/25/2020 6084473.25 15.86% 49.70% 1.0004
08/24/2020 3421031.53 15.79% 49.18% 1.0004
08/21/2020 (8054504) 15.60% 48.84% 1.0005
08/20/2020 (1368602) 16.24% 49.11% 1.0004
08/19/2020 1598367.93 16.65% 50.13% 1.0005
08/18/2020 2719606.79 15.12% 49.95% 1.0004
08/17/2020 1009946.81 15.05% 50.20% 1.0005
08/14/2020 6327130.51 16.57% 51.37% 1.0005
08/13/2020 3271027.93 15.40% 50.84% 1.0005
08/12/2020 2759331.89 17.74% 51.94% 1.0005
08/11/2020 268418.09 14.76% 51.58% 1.0005
08/10/2020 (14652251) 17.49% 54.52% 1.0005
08/07/2020 (466393) 15.02% 53.81% 1.0005
08/06/2020 (11570581) 14.72% 53.83% 1.0005
08/05/2020 1380807.86 16.96% 52.98% 1.0005
08/04/2020 2925460.96 17.04% 53.91% 1.0005
08/03/2020 194946.35 16.88% 51.23% 1.0005
07/31/2020 (1369651) 17.51% 51.23% 1.0005
07/30/2020 4831787.08 16.29% 51.28% 1.0005
07/29/2020 5392612.49 16.94% 51.02% 1.0005
07/28/2020 4733147.94 17.63% 51.83% 1.0005
07/27/2020 (3572282) 17.38% 51.68% 1.0005
07/24/2020 372600.56 18.55% 51.47% 1.0005
07/23/2020 (1336618) 18.54% 51.79% 1.0005
07/22/2020 2585745.67 18.02% 52.88% 1.0005
07/21/2020 (5799129) 19.55% 55.58% 1.0005
07/20/2020 (10132882) 18.70% 58.11% 1.0005
07/17/2020 (1958638) 17.31% 58.39% 1.0005
07/16/2020 6226945.23 17.99% 56.82% 1.0005
07/15/2020 (2241714) 16.21% 54.89% 1.0005
07/14/2020 17400205.71 17.41% 53.33% 1.0005
07/13/2020 11170602.01 16.79% 50.85% 1.0005
07/10/2020 (732682) 16.51% 50.82% 1.0005
07/09/2020 (19992206) 17.21% 50.02% 1.0005
07/08/2020 3178317.93 17.39% 50.68% 1.0005
07/07/2020 1722342.72 17.55% 51.23% 1.0005
07/06/2020 (10285998) 16.91% 51.93% 1.0005
07/02/2020 2450125.64 17.03% 52.26% 1.0005
07/01/2020 4404639.57 15.99% 50.63% 1.0005
06/30/2020 6401344.66 15.76% 50.49% 1.0005
06/29/2020 (1386830) 16.33% 50.28% 1.0005
06/26/2020 (1436070) 15.27% 49.10% 1.0005
06/25/2020 (8215241) 15.36% 48.49% 1.0005
06/24/2020 (2639876) 14.61% 48.29% 1.0005
06/23/2020 259786.37 14.65% 49.03% 1.0005
06/22/2020 (2902274) 14.51% 47.98% 1.0005
06/19/2020 6375482.43 15.32% 49.11% 1.0005
06/18/2020 (7123605) 15.16% 48.84% 1.0006
06/17/2020 (1827697) 16.04% 48.81% 1.0005
06/16/2020 11653033.33 13.39% 48.42% 1.0005
06/15/2020 (694514) 13.49% 48.88% 1.0006
06/12/2020 (3285923) 16.81% 50.95% 1.0006
06/11/2020 (2152015) 15.37% 52.84% 1.0006
06/10/2020 (2350073) 13.87% 50.53% 1.0006
06/09/2020 568486.01 13.41% 50.61% 1.0006
06/08/2020 (16737379) 13.77% 50.59% 1.0006
Portfolio Management
  • Mira Stevovich, CFA

    • — Ivy Investment Management Company
    • — 22 Years with Fund
    • — 33 Years in Industry
Documents
Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL
Fund Facts
Ticker Symbol IABXX
CUSIP 46600G689
Fund Code 185
Fund Type Fixed Income Funds
Fund Inception 8/23/1979
Class Inception 8/23/1979
Fiscal Year End September
Dividends Paid Daily, Paid Monthly
Fund Assets
(as of 11/30/2020)
$1.7 bil
Total Holdings
(as of 11/30/2020)
133
Morningstar Category Money Market - Taxable

Fund Performance

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.

Performance at NAV does not include the effect of sales charges, if it had, performance shown would be lower. Class B shares, including sales charge, reflects the applicable contingent deferred sales charge (CDSC), which declines from 5% at the time of purchase to zero at the beginning of the seventh year.

Monthly Rates of Return Average Annual Total Returns as of 11/30/2020

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.09% 0.13% 0.52% 0.32% 0.28% 1.16%

Quarterly Rates of Return Average Annual Total Returns as of 9/30/2020

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.09% 0.24% 0.52% 0.32% 0.30% 1.17%

Annualized 7-Day Yield as of 12/4/2020

Subsidized 0.02%
Unsubsidized -1.25%

Expense Ratios as of 1/31/2020

Net 1.51%
Gross 1.51%

Fund Distributions

Historical Prices Inception 8/23/1979

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Historical Distributions Inception 8/23/1979

Ex-date Income Capital Gains Reinvest Gains Payment Date

*Special Dividend
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.

Fund Documents

Top 10 Holdings as a % of net assets as of 11/30/2020

Toyota Motor Credit Corp. (1-Week U.S. LIBOR plus 25 bps), 0.4%, 12/7/2020 Toyota Motor Corporation operates in the automotive industry worldwide. It engages in the design, manufacture, assembly, and sale of passenger cars, minivans, and trucks and related parts and accessories, 0.23%, 7/1/2010 3.03%
U.S. International Development Finance Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.1%, 12/7/2020 2.12%
U.S. International Development Finance Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.1%, 12/7/2020 2.10%
Malayan Banking Berhad (GTD by Wells Fargo Bank N.A.), 0.3%, 4/20/2021 1.97%
Malayan Banking Berhad (GTD by Wells Fargo Bank N.A.), 0.3%, 1/25/2021 1.82%
Prudential Financial, Inc., 0.1%, 12/1/2020 1.82%
University of California, 0.2%, 1/6/2021 1.82%
U.S. Treasury Bills, 0.1%, 2/11/2021 1.64%
Toronto-Dominion Bank, 0.2%, 1/12/2021 1.52%
Bank of Montreal (Secured Overnight Financing Rate plus 19 bps), 0.3%, 11/12/2021 1.51%
Total Portfolio Holdings VIEW | DOWNLOAD (as of 11/30/2020)
updated quarterly, upon availability
Maturity (as of 11/30/2020)
Weighted Average Maturity 38 days
Weighted Average Life Maturity 80 days
Total Portfolio Holdings
VIEW | DOWNLOAD (as of 11/30/2020)

Fund Documents

Documents

Fact Sheet
Prospectus
Summary Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Quarterly Commentary
XBRL

Additional Fund Literature

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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.

You could lose money by investing in the Ivy Cash Management Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.


Risk Factors: A rise in interest rates may cause a decline in the value of the Fund's securities, especially securities with longer maturities. Typically, the longer the maturity or duration of a debt security, the greater the effect a change in interest rates could have on the security's price. Thus, the sensitivity of the Fund's debt securities to interest rate risk will increase with any increase in the duration of those securities. A decline in interest rates may cause the Fund to experience a decline in its income. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money market security to decrease. 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.

Index Description: The Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index. Source: Bloomberg Barclays. It is not possible to invest directly in an index.

Performance results for some funds may include the effect of expense reduction arrangements. If those arrangements had not been in place, the performance results would have been lower.

Daily Net Shareholder Flows: Shows daily net shareholder flows (inflows minus outflows) over the last six months for the fund.

Daily Liquid Assets: Regulations require that a money market mutual fund hold at least 10% of its total assets in daily liquid assets that can be readily converted to cash in one business day. The graph shows the percentage of daily liquid assets over the last six months for the fund.

Weekly Liquid Assets: Regulations require that a money market mutual fund hold at least 30% of its total assets in weekly liquid assets that can be readily converted to cash in five business days. The graph shows the percentage of weekly liquid assets over the last six months for the fund.

Six Month Historical Shadow NAV - Daily: Money market funds that transact at a stable price are required by the Securities and Exchange Commission (SEC) to report instances on Form N-CR when the Fund’s current NAV per share deviates downward from its intended stable price of $1.00 by more than ¼ of 1 percent, $0.9975. The red line in the chart shows where a report would be required, compared with the historical NAV per share of the fund.

Pricing: All prices and year-to-date returns are based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time. YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

Style Analysis: The Morningstar Style Box reveals a fund's investment style. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration. Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by the following Nationally Recognized Statistical Rating Organizations (NRSROs): Moody's, Standard & Poor's, Fitch, and Egan-Jones. If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time. For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.

7-Day Annualized Yield: represents past performance and future yields will vary. Principal is not guaranteed. The annualized 7-day yield is calculated based on the income generated by an investment in the fund over a seven-day period and is expressed as an annual percentage rate. The yield quotation more closely reflects the current earnings of the fund than the total return quotation.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the fund will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

12-Month Trailing Distribution Yield: at NAV refers to the 12-month historical cash flow paid over the past 12 months in dividends, divided by the past months ending NAV.

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.

© 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Information is subject to change and is not intended to represent any past or future investment recommendations.