Ivy PineBridge High Yield Fund
Name
As of 06/19/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$32.4 M
Holdings in Top 10
13.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 06/19/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IPNRX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency N/A
Fund Details
-
Legal NameIvy PineBridge High Yield Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateMay 18, 2017
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Delaware Ivy High Yield Fund seeks to achieve its objective by investing primarily in a diversified portfolio of high-yield, lower-quality fixed-income securities of US and foreign issuers, the risks of which are, in the judgment of Delaware Management Company (Manager), consistent with the Fund’s investment objective. Under normal circumstances, the Fund invests at least 80% of its net assets in non-investment grade debt securities, commonly called “high yield” or “junk” bonds. Such bonds include debt securities rated BB+ or lower by S&P Global Ratings, a division of S&P Global Inc. (S&P), or comparably rated by another nationally recognized statistical rating organization (NRSRO), or, if unrated, determined by the Manager to be of comparable quality. The Fund may invest up to 100% of its total assets in non-investment grade debt securities.
The Fund also may invest up to 20% of its total assets in lower-quality debt securities that are considered investment grade securities rated by S&P (or comparably rated by another NRSRO, or, if unrated, determined by the Manager to be of comparable quality). The Fund may invest in fixed-income securities of any maturity and in companies of any size, but intends to invest primarily in intermediate and long-term corporate obligations.
The Fund may invest up to 100% of its total assets in foreign debt securities that are denominated in US dollars or foreign currencies. Many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various foreign markets through investments in these companies, even if the Fund is not invested directly in such markets.
In selecting securities for the Fund, the Manager combines a top-down (assessing the market environment) and bottom-up (researching individual issuers) investment philosophy, with a strong focus on a security’s relative value. From a top-down perspective, the Manager considers both industry specific trends and other macroeconomic events that are impacting issuers.
Generally, in determining whether to sell a security, the Manager utilizes the same factors it considers for buying a security, in addition to its relative valuation. The Manager also may sell a security to reduce the Fund’s holding in that security, to take advantage of what it believes to be more attractive opportunities, or to raise cash.
The Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.
IPNRX - Performance
Return Ranking - Trailing
Period | IPNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -54.8% | 284.6% | 48.17% |
1 Yr | N/A | -53.8% | 289.2% | 45.43% |
3 Yr | N/A* | -24.6% | 56.8% | 30.19% |
5 Yr | N/A* | -2.3% | 32.3% | N/A |
10 Yr | N/A* | -2.3% | 1.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | IPNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.2% | 23.9% | 17.85% |
2022 | N/A | -17.1% | -0.4% | 77.35% |
2021 | N/A | -5.7% | 4.9% | N/A |
2020 | 9.1% | 0.3% | 11.8% | N/A |
2019 | -8.8% | -15.0% | 1.0% | N/A |
Total Return Ranking - Trailing
Period | IPNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -54.8% | 284.6% | 48.17% |
1 Yr | N/A | -53.8% | 289.2% | 45.43% |
3 Yr | N/A* | -24.6% | 56.8% | 7.76% |
5 Yr | N/A* | -2.3% | 32.3% | N/A |
10 Yr | N/A* | -2.3% | 6.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | IPNRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -4.2% | 23.9% | 11.55% |
2022 | N/A | -17.1% | 0.4% | 23.20% |
2021 | N/A | -5.1% | 9.3% | N/A |
2020 | 14.2% | 0.5% | 20.7% | N/A |
2019 | -4.5% | -14.4% | 1.0% | N/A |
NAV & Total Return History
IPNRX - Holdings
Concentration Analysis
IPNRX | Category Low | Category High | IPNRX % Rank | |
---|---|---|---|---|
Net Assets | 32.4 M | 251 K | 27.2 B | 78.12% |
Number of Holdings | 169 | 4 | 1684 | 78.99% |
Net Assets in Top 10 | 5.41 M | -36.5 M | 2.65 B | 82.03% |
Weighting of Top 10 | 13.62% | 5.5% | 100.0% | 25.13% |
Top 10 Holdings
- ALTICE FRANCE SA 1.49%
- CCO HLDGS LLC/CAP CORP 1.42%
- MSILF Government Portfolio 1.36%
- Goldman Sachs Financial Square Government Fund 1.36%
- Fidelity Government Portfolio 1.36%
- BlackRock Liquidity FedFund 1.36%
- AERCAP GLOBAL AVIATION T 1.36%
- LADDER CAP FIN LLLP/CORP 1.34%
- HILTON GRAND VAC BOR ESC 1.30%
- CARNIVAL CORP 1.29%
Asset Allocation
Weighting | Return Low | Return High | IPNRX % Rank | |
---|---|---|---|---|
Bonds | 92.95% | 82.82% | 125.18% | 78.73% |
Cash | 7.05% | -1.29% | 17.18% | 9.87% |
Stocks | 0.00% | -28.46% | 9.10% | 97.72% |
Preferred Stocks | 0.00% | 0.00% | 4.16% | 98.23% |
Other | 0.00% | -1.39% | 5.14% | 96.46% |
Convertible Bonds | 0.00% | 0.00% | 6.33% | 98.99% |
Bond Sector Breakdown
Weighting | Return Low | Return High | IPNRX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 5.78% | 0.00% | 17.18% | 10.13% |
Derivative | 0.00% | 0.00% | 24.47% | 98.73% |
Securitized | 0.00% | 0.00% | 10.88% | 30.89% |
Corporate | 0.00% | 0.00% | 100.00% | 81.01% |
Municipal | 0.00% | 0.00% | 5.04% | 98.23% |
Government | 0.00% | 0.00% | 93.17% | 98.48% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | IPNRX % Rank | |
---|---|---|---|---|
US | 92.95% | 67.67% | 108.57% | 83.04% |
Non US | 0.00% | 0.00% | 29.53% | 32.91% |
IPNRX - Expenses
Operational Fees
IPNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | 0.13% | 20.17% | 24.21% |
Management Fee | N/A | 0.00% | 1.60% | 75.44% |
12b-1 Fee | N/A | 0.00% | 1.00% | 71.85% |
Administrative Fee | N/A | 0.02% | 0.30% | N/A |
Sales Fees
IPNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
IPNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
IPNRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.88% | 493.00% | 67.28% |
IPNRX - Distributions
Dividend Yield Analysis
IPNRX | Category Low | Category High | IPNRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.43% | 97.72% |
Dividend Distribution Analysis
IPNRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
IPNRX | Category Low | Category High | IPNRX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.01% | 7.32% | 60.42% |
Capital Gain Distribution Analysis
IPNRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 11, 2020 | $0.034 | OrdinaryDividend |
May 14, 2020 | $0.034 | OrdinaryDividend |
Apr 16, 2020 | $0.035 | OrdinaryDividend |
Mar 12, 2020 | $0.034 | OrdinaryDividend |
Feb 13, 2020 | $0.033 | OrdinaryDividend |
Jan 16, 2020 | $0.014 | OrdinaryDividend |
Dec 12, 2019 | $0.075 | OrdinaryDividend |
Nov 14, 2019 | $0.035 | OrdinaryDividend |
Oct 10, 2019 | $0.035 | OrdinaryDividend |
Sep 12, 2019 | $0.036 | OrdinaryDividend |
Aug 15, 2019 | $0.037 | OrdinaryDividend |
Jul 11, 2019 | $0.035 | OrdinaryDividend |
Jun 13, 2019 | $0.036 | OrdinaryDividend |
May 16, 2019 | $0.035 | OrdinaryDividend |
Apr 11, 2019 | $0.037 | OrdinaryDividend |
Mar 14, 2019 | $0.037 | OrdinaryDividend |
Feb 14, 2019 | $0.036 | OrdinaryDividend |
Jan 10, 2019 | $0.014 | OrdinaryDividend |
Dec 13, 2018 | $0.094 | OrdinaryDividend |
Nov 15, 2018 | $0.033 | OrdinaryDividend |
Oct 11, 2018 | $0.037 | OrdinaryDividend |
Sep 13, 2018 | $0.031 | OrdinaryDividend |
Aug 16, 2018 | $0.034 | OrdinaryDividend |
Jul 12, 2018 | $0.035 | OrdinaryDividend |
Jun 14, 2018 | $0.033 | OrdinaryDividend |
May 10, 2018 | $0.034 | OrdinaryDividend |
Apr 12, 2018 | $0.035 | OrdinaryDividend |
Mar 15, 2018 | $0.032 | OrdinaryDividend |
Feb 15, 2018 | $0.034 | OrdinaryDividend |
Jan 11, 2018 | $0.014 | OrdinaryDividend |
Dec 14, 2017 | $0.086 | OrdinaryDividend |
Nov 16, 2017 | $0.032 | OrdinaryDividend |
Oct 12, 2017 | $0.034 | OrdinaryDividend |
Sep 14, 2017 | $0.034 | OrdinaryDividend |
Aug 10, 2017 | $0.034 | OrdinaryDividend |
Jul 13, 2017 | $0.030 | OrdinaryDividend |