Quarterly Commentary

Click on the fund name to access current portfolio manager comments on each market sector, portfolio strategy and near-term outlook. This commentary is updated each quarter.

Select Fund Family

Equity

Allocation
12.31.20 Ivy Asset Strategy Fund
12.31.20 Ivy Balanced Fund
12.31.20 Ivy Apollo Multi-Asset Income Fund
12.31.20 Ivy Wilshire Global Allocation Fund

Domestic
12.31.20 Ivy Large Cap Growth Fund
12.31.20 Ivy Mid Cap Growth Fund
12.31.20 Ivy Mid Cap Income Opportunities Fund
12.31.20 Ivy Small Cap Growth Fund
12.31.20 Ivy Value Fund
12.31.20 Ivy Core Equity Fund
12.31.20 Ivy Small Cap Core Fund
12.31.20 Ivy ProShares Russell 2000 Dividend Growers Index Fund
12.31.20 Ivy ProShares S&P 500 Dividend Aristocrats Index Fund
12.31.20 Ivy Accumulative Fund

Global/International
12.31.20 Ivy Managed International Opportunities Fund
12.31.20 Ivy Emerging Markets Equity Fund
12.31.20 Ivy Global Equity Income Fund
12.31.20 Ivy International Core Equity Fund
12.31.21 Ivy Global Growth Fund
12.31.20 Ivy Proshares MSCI ACWI Index Fund
12.31.20 Ivy Pzena International Value Fund
12.31.20 Ivy International Small Cap Fund

Sector
12.31.20 Ivy Science and Technology Fund
12.31.20 Ivy Energy Fund
12.31.20 Ivy LaSalle Global Real Estate Fund
12.31.20 Ivy Natural Resources Fund
12.31.20 Ivy Securian Real Estate Securities Fund

Fixed Income

Municipal
12.31.20 Ivy Municipal Bond Fund
12.31.20 Ivy Municipal High Income Fund
12.31.20 Ivy California Municipal High Income Fund

Taxable
12.31.20 Ivy Limited-Term Bond Fund
12.31.20 Ivy Global Bond Fund
12.31.20 Ivy High Income Fund
12.31.20 Ivy Apollo Strategic Income Fund
12.31.20 Ivy Pictet Emerging Markets Local Currency Debt Fund
12.31.20 Ivy Pictet Targeted Return Bond Fund
12.31.20 Ivy Crossover Credit Fund
12.31.20 Ivy ProShares S&P 500 Bond Index Fund
12.31.20 Ivy ProShares Interest Rate Hedged High Yield Index Fund
12.31.20 Ivy PineBridge High Yield Fund
12.31.20 Ivy Government Securities Fund
12.31.20 Ivy Securian Core Bond Fund
12.31.20 Ivy Corporate Bond Fund