Fund Detail

Ivy Government Money Market Fund

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Fund Summary

Overview
The Fund seeks to achieve its objective by investing under normal circumstances, at least 99.5% of its total assets in: (1) debt securities issued or guaranteed by the U.S. government or certain U.S. government agencies or instrumentalities (government securities), (2) repurchase agreements that are fully collateralized by cash and/or government securities, and/or (3) cash. The Fund seeks, as well, to maintain a net asset value (NAV) of $1.00 per share.
Table View
Daily Net Shareholder Flows
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
09/22/2017 (645204) 22.18% 100.00% 1.0001
09/21/2017 720870.12 22.43% 100.00% 1.0001
09/20/2017 1243765.66 22.11% 100.00% 1.0001
09/19/2017 4193256.13 25.07% 100.00% 1.0001
09/18/2017 1633527.43 22.64% 98.48% 1.0001
09/15/2017 (599638) 21.92% 98.47% 1.0001
09/14/2017 (200865) 21.96% 98.47% 1.0001
09/13/2017 379028.91 22.03% 98.47% 1.0001
09/12/2017 (1869476) 22.41% 98.47% 1.0001
09/11/2017 840488.36 22.80% 98.49% 1.0001
09/08/2017 (478000) 22.41% 98.48% 1.0001
09/07/2017 (2014177) 22.62% 98.48% 1.0001
09/06/2017 901280.65 24.50% 98.51% 1.0001
09/05/2017 571506.17 24.21% 98.50% 1.0001
09/01/2017 (1399438) 23.35% 98.49% 1.0001
08/31/2017 2453121.45 24.05% 98.50% 1.0001
08/30/2017 (766052) 22.91% 98.48% 1.0001
08/29/2017 (1514571) 23.94% 98.49% 1.0001
08/28/2017 (810281) 24.07% 98.50% 1.0001
08/25/2017 1709026.04 24.37% 98.51% 1.0001
08/24/2017 (543016) 23.59% 98.49% 1.0001
08/23/2017 (2183522) 23.73% 98.50% 1.0001
08/22/2017 (2784582) 26.46% 98.52% 1.0001
08/21/2017 622774.60 24.60% 98.50% 1.0001
08/18/2017 252792.31 24.31% 98.50% 1.0001
08/17/2017 (1250392) 25.89% 98.49% 1.0001
08/16/2017 6095686.74 26.49% 98.51% 1.0001
08/15/2017 168714.81 25.47% 97.20% 1.0001
08/14/2017 105916.69 24.52% 97.20% 1.0001
08/11/2017 695556.19 24.58% 97.20% 1.0001
08/10/2017 2137203.52 24.26% 97.19% 1.0001
08/09/2017 (1632801) 26.37% 98.73% 1.0001
08/08/2017 1260686.20 24.72% 98.75% 1.0001
08/07/2017 (2393197) 23.52% 98.74% 1.0001
08/04/2017 1782873.57 24.54% 98.76% 1.0001
08/03/2017 988660.94 23.71% 98.74% 1.0001
08/02/2017 (1071162) 21.97% 95.57% 1.0001
08/01/2017 (583470) 23.02% 95.60% 1.0001
07/31/2017 (11065479) 22.88% 96.08% 1.0001
07/28/2017 9011220.96 27.79% 95.90% 1.0001
07/27/2017 126563.18 23.71% 95.67% 1.0001
07/26/2017 872045.64 23.67% 95.67% 1.0001
07/25/2017 (537457) 25.07% 95.64% 1.0001
07/24/2017 893857.58 23.23% 95.68% 1.0001
07/21/2017 2002871.44 22.85% 95.66% 1.0001
07/20/2017 (972061) 21.83% 95.60% 1.0001
07/19/2017 (1109431) 22.12% 95.62% 1.0001
07/18/2017 (659663) 22.36% 93.84% 1.0001
07/17/2017 484014.29 22.11% 93.87% 1.0001
07/14/2017 756009.53 21.77% 93.86% 1.0001
07/13/2017 (285095) 21.39% 93.83% 1.0001
07/12/2017 (2360562) 22.21% 93.90% 1.0001
07/11/2017 (1285577) 22.90% 93.91% 1.0001
07/10/2017 (2122611) 22.94% 93.95% 1.0001
07/07/2017 (597671) 23.15% 93.97% 1.0001
07/06/2017 1210569.21 23.65% 94.01% 1.0001
07/05/2017 (2537913) 23.10% 93.97% 1.0001
07/03/2017 587122.13 24.82% 94.06% 1.0001
06/30/2017 (1367764) 22.11% 93.89% 1.0001
06/29/2017 (683287) 22.67% 93.94% 1.0001
06/28/2017 98915.64 22.98% 93.96% 1.0001
06/27/2017 (28212) 24.97% 93.96% 1.0001
06/26/2017 (331964) 27.34% 96.97% 1.0001
06/23/2017 (1088993) 26.84% 96.37% 1.0001
06/22/2017 110092.23 28.29% 96.45% 1.0001
06/21/2017 (77416) 25.05% 97.04% 1.0001
06/20/2017 (1053403) 25.24% 97.02% 1.0000
06/19/2017 (1997332) 20.81% 97.04% 1.0000
06/16/2017 117161.39 20.84% 97.04% 1.0000
06/15/2017 (1230410) 20.71% 93.25% 1.0000
06/14/2017 (225306) 19.90% 93.29% 1.0000
06/13/2017 453270.34 20.40% 89.76% 1.0000
06/12/2017 597802.49 19.63% 89.73% 1.0000
06/09/2017 (17248) 19.43% 89.71% 1.0001
06/08/2017 (348716) 19.36% 89.70% 1.0001
06/07/2017 892290.63 19.62% 89.73% 1.0001
06/06/2017 (512008) 19.71% 89.67% 1.0001
06/05/2017 (155424) 19.39% 89.70% 1.0001
06/02/2017 (126964) 19.51% 89.72% 1.0001
06/01/2017 (422081) 19.60% 89.73% 1.0001
05/31/2017 183773.02 19.67% 89.74% 1.0001
05/30/2017 (311137) 20.10% 89.72% 1.0001
05/26/2017 (117076) 15.70% 89.74% 1.0001
05/25/2017 (351649) 19.90% 89.77% 1.0001
05/24/2017 333151.13 20.04% 89.79% 1.0001
05/23/2017 (6915816) 21.54% 89.91% 1.0001
05/22/2017 (1243296) 19.98% 90.35% 1.0001
05/19/2017 (1204115) 19.25% 90.41% 1.0001
05/18/2017 (2760045) 19.52% 90.44% 1.0001
05/17/2017 (5946709) 19.52% 90.44% 1.0001
05/16/2017 8293855.67 24.29% 90.74% 1.0001
05/15/2017 3450395.91 20.32% 89.04% 1.0001
05/12/2017 (422849) 18.70% 88.84% 1.0001
05/11/2017 (13143) 15.53% 85.54% 1.0001
05/10/2017 (124397) 18.95% 88.88% 1.0001
05/09/2017 (512401) 19.56% 88.89% 1.0001
05/08/2017 (135572) 18.92% 88.95% 1.0001
05/05/2017 (1022026) 22.37% 92.32% 1.0001
05/04/2017 (424490) 22.48% 92.33% 1.0001
05/03/2017 212556.91 22.62% 92.35% 1.0001
05/02/2017 69603.50 22.91% 92.34% 1.0001
05/01/2017 (1891666) 22.40% 92.35% 1.0001
04/28/2017 (1048841) 24.54% 92.56% 1.0001
04/27/2017 (395939) 24.96% 92.60% 1.0001
04/26/2017 (3360226) 25.53% 92.60% 1.0001
04/25/2017 (392053) 26.27% 92.63% 1.0001
04/24/2017 1482464.82 25.96% 92.64% 1.0001
04/21/2017 (140958) 25.34% 92.58% 1.0001
04/20/2017 667408.66 27.55% 92.59% 1.0001
04/19/2017 (8992755) 27.10% 96.03% 1.0000
04/18/2017 622792.40 22.39% 96.21% 1.0000
04/17/2017 (470141) 21.64% 96.20% 1.0000
04/13/2017 172876.89 21.64% 96.21% 1.0000
04/12/2017 (484204) 21.56% 96.20% 1.0000
04/11/2017 354148.04 22.01% 92.91% 1.0000
04/10/2017 (1859914) 20.43% 92.90% 1.0000
04/07/2017 52525.41 21.35% 92.98% 1.0000
04/06/2017 (1020963) 21.31% 92.98% 1.0000
04/05/2017 (2825808) 21.70% 93.02% 1.0000
04/04/2017 (25866003) 20.90% 93.11% 1.0000
04/03/2017 22160440.14 25.36% 93.89% 1.0000
03/31/2017 (800516) 19.65% 93.22% 1.0000
03/30/2017 (275664) 19.58% 93.25% 1.0000
03/29/2017 (390030) 19.46% 93.25% 1.0000
03/28/2017 (586483) 19.74% 93.28% 1.0000
03/27/2017 (157597) 19.01% 93.30% 1.0000
03/24/2017 (1822107) 16.55% 90.42% 1.0000
Portfolio Management
  • Mira Stevovich, CFA

    • — Ivy Investment Management Company
    • — 17 Years with Fund
    • — 30 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 WRAXX
CUSIP 466000486
Fund Code 670
Fund Type Fixed Income Funds
Fund Inception 6/30/2000
Class Inception 6/30/2000
Fiscal Year End March
Dividends Paid Daily, Paid Monthly
Fund Assets
(as of 8/31/2017)
$166.0 mil
Total Holdings
(as of 8/31/2017)
51
Lipper Category U.S. Government 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. Class A shares, including sales charges, reflects the maximum applicable front-end sales load.

Monthly Rates of Return Average Annual Total Returns as of 8/31/2017

(Returns for periods of less than 1-yr are not annualized)
1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.10% 0.05% 0.04% 0.46% 1.35%
Lipper U.S. Government Money Market Funds 0.18% 0.07% 0.04% 0.38% 1.28%

Quarterly Rates of Return Average Annual Total Returns as of 6/30/2017

(Returns for periods of less than 1-yr are not annualized)
1YR 3YR 5YR 10YR LIFE
Fund at NAV 0.05% 0.03% 0.03% 0.53% 1.36%
Lipper U.S. Government Money Market Funds 0.12% 0.04% 0.03% 0.45% 1.29%

Annualized 7-Day Yield as of 9/22/2017

Subsidized 0.46%
Unsubsidized 0.46%

Lipper Ranking through 8/31/2017

Category: U.S. Government Money Market Funds

  Rank Percentile
1 Year 112 /168 67
3 Year 71 /131 54
5 Year 61 /129 47
10 Year 19 /112 17

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

Expense Ratios as of 7/5/2017

Net 0.63%
Gross 0.63%

Fund Distributions

Historical Prices Inception 6/30/2000

Date Price Dividend Reinvest Date Capital Gain Reinvest Date

Historical Distributions Inception 6/30/2000

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 8/31/2017

Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.0%, 9/7/2017 10.60%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.1%, 9/7/2017 4.52%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.0%, 9/7/2017 4.43%
Federal National Mortgage Association, 1.0%, 9/1/2017 3.99%
U.S. Treasury Notes (3-Month USTMMR plus 17.4 bps), 1.2%, 7/31/2018 3.64%
U.S. Treasury Bills, 1.0%, 11/9/2017 3.55%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.1%, 9/7/2017 3.31%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.1%, 9/7/2017 3.18%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.1%, 9/7/2017 3.02%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 1.1%, 9/7/2017 3.01%
Total Portfolio Holdings VIEW | DOWNLOAD (as of 8/31/2017)
updated monthly, upon availability
Maturity (as of 8/31/2017)
Weighted Average Maturity 15 days
Weighted Average Life Maturity 37 days
Total Portfolio Holdings
VIEW | DOWNLOAD (as of 8/31/2017)

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 Government Money Market fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. 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.


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.

Prior to October 14, 2016, the Ivy Government Money Market Fund was known as the Ivy Money Market Fund. Effective October 14, 2016, the Fund changed its name and investment strategy to reflect that it is classified as a “government money market fund.” Performance prior to October 14, 2016 reflects the Fund’s former investment strategy as a prime money market fund, which permitted investments in certain types of securities that, as a government money market fund, the Fund is no longer permitted to hold.

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.

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