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Ivy Cash Management Fund

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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
08/21/2019 (10261298) 17.06% 42.53% 1.0004
08/20/2019 (846160) 15.19% 43.12% 1.0004
08/19/2019 (481292) 18.18% 44.03% 1.0004
08/16/2019 4388313.60 16.53% 45.94% 1.0005
08/15/2019 (1041345) 15.75% 46.63% 1.0004
08/14/2019 6920160.12 16.00% 45.04% 1.0004
08/13/2019 3778567.37 13.60% 44.99% 1.0004
08/12/2019 (2330715) 17.19% 44.95% 1.0004
08/09/2019 (15063019) 15.77% 43.79% 1.0004
08/08/2019 1903589.93 16.34% 43.64% 1.0004
08/07/2019 (5953451) 14.46% 41.20% 1.0004
08/06/2019 (7909995) 18.84% 45.42% 1.0003
08/05/2019 (617918) 16.52% 44.49% 1.0003
08/02/2019 3378849.77 15.47% 44.47% 1.0003
08/01/2019 (5195302) 16.25% 43.39% 1.0003
07/31/2019 959143.50 19.30% 47.97% 1.0003
07/30/2019 13496513.80 17.27% 44.42% 1.0003
07/29/2019 899537.14 16.99% 44.03% 1.0003
07/26/2019 608097.48 17.14% 44.10% 1.0003
07/25/2019 (933041) 16.30% 43.50% 1.0003
07/24/2019 (2402230) 18.54% 42.59% 1.0004
07/23/2019 3765489.37 15.76% 43.38% 1.0004
07/22/2019 (3716040) 17.58% 43.47% 1.0004
07/19/2019 2632843.91 16.96% 44.52% 1.0004
07/18/2019 (4401154) 17.61% 44.60% 1.0004
07/17/2019 (137414) 17.66% 42.03% 1.0003
07/16/2019 12451657.31 16.85% 43.77% 1.0004
07/15/2019 3713973.57 15.74% 41.93% 1.0003
07/12/2019 (2379467) 15.55% 41.04% 1.0004
07/11/2019 (496601) 16.50% 41.31% 1.0003
07/10/2019 2064474.44 16.24% 40.66% 1.0003
07/09/2019 (12217310) 19.93% 44.87% 1.0003
07/08/2019 (18720741) 17.04% 46.00% 1.0003
07/05/2019 (44421601) 19.53% 47.50% 1.0003
07/03/2019 2546180.81 15.65% 47.54% 1.0003
07/02/2019 5823963.39 14.68% 46.25% 1.0003
07/01/2019 6246319.61 16.58% 42.01% 1.0003
06/28/2019 (1844931) 17.66% 42.97% 1.0004
06/27/2019 1631261.46 16.54% 40.36% 1.0004
06/26/2019 (1554773) 16.75% 42.02% 1.0004
06/25/2019 6664521.99 15.80% 44.15% 1.0004
06/24/2019 (1250893) 16.50% 41.79% 1.0004
06/21/2019 (8144044) 16.57% 43.11% 1.0004
06/20/2019 1170314.84 15.70% 40.60% 1.0004
06/19/2019 1249114.17 15.51% 37.34% 1.0004
06/18/2019 (83902) 15.45% 38.34% 1.0004
06/17/2019 3799680.15 14.84% 38.34% 1.0004
06/14/2019 5054411.00 16.52% 37.95% 1.0004
06/13/2019 (6225326) 17.84% 41.15% 1.0004
06/12/2019 (2824275) 17.90% 43.50% 1.0003
06/11/2019 (7142900) 16.81% 41.97% 1.0003
06/10/2019 (191757) 16.24% 42.39% 1.0003
06/07/2019 (8243653) 21.99% 45.18% 1.0004
06/06/2019 (8027178) 19.03% 43.17% 1.0003
06/05/2019 (547552) 15.74% 42.28% 1.0003
06/04/2019 8016727.96 14.90% 42.29% 1.0003
06/03/2019 (351890) 16.42% 43.55% 1.0003
05/31/2019 788630.65 15.29% 40.18% 1.0003
05/30/2019 (149663) 16.16% 37.38% 1.0003
05/29/2019 10480647.24 18.89% 39.29% 1.0003
05/28/2019 3628023.09 15.82% 40.11% 1.0003
05/24/2019 1474847.59 16.15% 38.92% 1.0003
05/23/2019 (1318416) 15.97% 38.79% 1.0003
05/22/2019 (686559) 18.06% 38.86% 1.0003
05/21/2019 (8054187) 17.35% 40.20% 1.0003
05/20/2019 382648.47 18.80% 42.30% 1.0003
05/17/2019 (1441255) 16.44% 42.33% 1.0003
05/16/2019 7814986.01 15.82% 41.23% 1.0003
05/15/2019 (2074100) 17.65% 41.98% 1.0003
05/14/2019 8416653.97 18.62% 42.36% 1.0003
05/13/2019 462572.72 17.70% 41.02% 1.0003
05/10/2019 (16285318) 16.45% 40.96% 1.0003
05/09/2019 (1926152) 18.65% 44.79% 1.0003
05/08/2019 (700821) 17.06% 44.69% 1.0003
05/07/2019 (1456392) 16.68% 43.72% 1.0003
05/06/2019 (13943126) 16.80% 45.24% 1.0003
05/03/2019 (1333703) 16.78% 45.77% 1.0003
05/02/2019 (1312626) 15.14% 42.45% 1.0002
05/01/2019 (6840665) 16.85% 42.72% 1.0003
04/30/2019 17530348.46 15.21% 41.56% 1.0002
04/29/2019 (513931) 16.39% 40.20% 1.0003
04/26/2019 (1539183) 18.78% 41.81% 1.0003
04/25/2019 (9439311) 14.59% 41.91% 1.0002
04/24/2019 (3002646) 20.07% 44.47% 1.0002
04/23/2019 7871185.80 16.43% 45.21% 1.0002
04/22/2019 (13155440) 17.10% 45.63% 1.0002
04/18/2019 4493039.67 18.58% 47.04% 1.0003
04/17/2019 (3871484) 16.26% 47.97% 1.0002
04/16/2019 14125101.21 16.02% 44.12% 1.0002
04/15/2019 (1158542) 16.50% 43.57% 1.0002
04/12/2019 3515535.36 17.43% 41.99% 1.0003
04/11/2019 57191.65 16.41% 42.10% 1.0002
04/10/2019 1131685.91 15.93% 40.98% 1.0002
04/09/2019 (13927354) 19.47% 43.76% 1.0002
04/08/2019 (10828640) 17.10% 44.60% 1.0002
04/05/2019 (3047363) 15.65% 44.19% 1.0003
04/04/2019 (1938812) 17.36% 45.23% 1.0002
04/03/2019 (4709116) 16.36% 44.70% 1.0002
04/02/2019 4029357.84 15.47% 40.18% 1.0002
04/01/2019 7987875.32 17.57% 40.98% 1.0002
03/29/2019 1499733.40 15.92% 40.30% 1.0003
03/28/2019 1000850.09 15.74% 40.18% 1.0003
03/27/2019 (372788) 16.86% 39.21% 1.0003
03/26/2019 38512.05 19.01% 41.50% 1.0002
03/25/2019 (468947) 15.09% 41.03% 1.0002
03/22/2019 (3027264) 15.56% 42.38% 1.0003
03/21/2019 (8044671) 15.64% 42.52% 1.0002
03/20/2019 (534551) 19.21% 44.04% 1.0002
03/19/2019 (392748) 20.85% 44.38% 1.0002
03/18/2019 (1688208) 17.57% 44.77% 1.0002
03/15/2019 (3082452) 17.55% 45.97% 1.0002
03/14/2019 7019314.27 15.42% 46.03% 1.0002
03/13/2019 (1799933) 17.05% 44.95% 1.0003
03/12/2019 4042126.96 18.83% 44.59% 1.0003
03/11/2019 (16761535) 16.10% 44.15% 1.0003
03/08/2019 (3345825) 17.13% 42.77% 1.0003
03/07/2019 (9084077) 15.53% 42.84% 1.0003
03/06/2019 (1087578) 17.64% 43.12% 1.0002
03/05/2019 (726390) 19.30% 42.74% 1.0002
03/04/2019 (2008182) 16.43% 42.07% 1.0002
03/01/2019 2048971.62 16.36% 41.76% 1.0002
02/28/2019 4454234.28 16.09% 41.58% 1.0002
02/27/2019 14746633.47 18.83% 43.69% 1.0002
02/26/2019 (776819) 20.14% 44.84% 1.0002
02/25/2019 (770782) 19.97% 46.42% 1.0002
02/22/2019 (1632357) 16.63% 46.43% 1.0002
Portfolio Management
  • Mira Stevovich, CFA

    • — Ivy Investment Management Company
    • — 21 Years with Fund
    • — 32 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 IACXX
CUSIP 46600G671
Fund Code 385
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 7/31/2019)
$1.3 bil
Total Holdings
(as of 7/31/2019)
128
Morningstar Category Money Market - Taxable
Lipper Category Money Market Funds

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. For Class C shares, a 1% CDSC applies to the lesser of amount invested or redemption value of shares redeemed within twelve months after the purchase date.

Monthly Rates of Return Average Annual Total Returns as of 7/31/2019

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.58% 0.87% 0.35% 0.22% 0.13% 1.09%
Lipper Money Market Funds 1.19% 1.94% 1.15% 0.70% 0.37% -

Quarterly Rates of Return Average Annual Total Returns as of 6/30/2019

(Returns for periods of less than 1-yr are not annualized)
YTD 1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.50% 0.83% 0.32% 0.20% 0.12% 1.09%
Lipper Money Market Funds 1.02% 1.91% 1.09% 0.67% 0.36% -

Annualized 7-Day Yield as of 8/21/2019

NAV 0.77%
With Sales Charge 0.77%

Lipper Ranking through 7/31/2019

Category: Money Market Funds

  Rank Percentile
1 Year 99 /100 99
3 Year 93 /94 98
5 Year 68 /69 98
10 Year 66 /67 98

Rankings are based on average annual total returns, but do not consider sales charges.

Expense Ratios as of 1/31/2019

Net 1.68%
Gross 1.68%

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 7/31/2019

Toyota Motor Credit Corp. (1-Month U.S. LIBOR plus 15 bps), 2.5%, 8/7/2019 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 5.04%
SC Pub Svc Auth, Rev Commercial Paper Notes, Ser DD (GTD by Bank of America N.A.), 2.7%, 8/22/2019 3.60%
Prudential Financial, Inc., 2.5%, 8/1/2019 2.77%
Northern Illinois Gas Co., 2.4%, 8/7/2019 2.37%
Toronto-Dominion Bank (1-Month U.S. LIBOR plus 24bps), 2.5%, 7/24/2020 1.98%
Bank of Montreal (1-Month U.S. LIBOR plus 16 bps), 2.5%, 3/6/2020 1.98%
Royal Bank of Canada (Federal Funds Rate plus 28 bps), 2.7%, 3/13/2020 1.98%
Banco del Estado de Chile (1-Month U.S. LIBOR plus 41 bps), 2.7%, 11/14/2019 1.98%
Malayan Banking Berhad (GTD by Wells Fargo Bank N.A.), 2.7%, 9/19/2019 1.73%
Canadian Imperial Bank of Commerce (Secured Overnight Financing Rate plus 21 bps), 2.6%, 6/12/2020 1.58%
Total Portfolio Holdings VIEW | DOWNLOAD (as of 7/31/2019)
updated quarterly, upon availability
Maturity (as of 7/31/2019)
Weighted Average Maturity 21 days
Weighted Average Life Maturity 82 days
Total Portfolio Holdings
VIEW | DOWNLOAD (as of 7/31/2019)

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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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.

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.

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. © 2019 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.