IBNBX: Ivy Balanced B

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IBNBX Ivy Balanced B


Profile

IBNBX - Profile

Vitals

  • YTD Return -3.2%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $2.27 B
  • Holdings in Top 10 19.4%

52 WEEK LOW AND HIGH

$23.36
$18.28
$25.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.90%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 01, 2014
  • Standard (Taxable) $750
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -3.2%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Ivy Balanced Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Dec 08, 2003
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Hekman

Fund Description

The fund seeks to achieve its objective by investing primarily in a diversified mix of stocks, debt securities and short-term instruments, depending on market conditions. Regarding its equity investments, it invests primarily in medium to large, well-established companies, most of which pay a regular dividend. The fund invests at least 50% of its total assets in equity securities. It typically holds a limited number of stocks (generally 45 to 55), with the objective of providing potential capital appreciation and some dividend income.


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Categories

Performance

IBNBX - Performance

Return Ranking - Trailing

Period IBNBX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -50.3% 171.3% 54.70%
1 Yr -3.5% -57.9% 139.8% 63.63%
3 Yr -1.4%* -20.5% 29.7% 67.89%
5 Yr -1.6%* -40.3% 11.9% 76.71%
10 Yr 4.3%* -39.4% 13.9% 29.38%

* Annualized

Return Ranking - Calendar

Period IBNBX Return Category Return Low Category Return High Rank in Category (%)
2019 13.1% -39.5% 46.8% 36.98%
2018 -13.4% -31.8% 19.0% 81.40%
2017 6.3% -27.1% 46.3% 47.99%
2016 -0.6% -84.5% 146.1% 89.44%
2015 -6.2% -40.7% 14.6% 52.15%

Total Return Ranking - Trailing

Period IBNBX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -50.3% 171.3% 54.70%
1 Yr -3.5% -57.9% 139.8% 63.63%
3 Yr 3.2%* -20.5% 29.7% 31.88%
5 Yr 2.7%* -40.3% 11.9% 47.39%
10 Yr 7.3%* -39.4% 14.5% 30.52%

* Annualized

Total Return Ranking - Calendar

Period IBNBX Return Category Return Low Category Return High Rank in Category (%)
2019 13.1% -39.5% 46.8% 37.51%
2018 -4.1% -27.6% 19.0% 21.71%
2017 10.6% -27.1% 46.3% 43.50%
2016 1.2% -84.5% 146.1% 89.57%
2015 -1.1% -36.9% 14.6% 30.51%

NAV & Total Return History


Holdings

IBNBX - Holdings

Concentration Analysis

IBNBX Category Low Category High IBNBX % Rank
Net Assets 2.27 B 100 K 158 B 20.73%
Number of Holdings 194 2 13590 43.93%
Net Assets in Top 10 398 M -35.2 M 27.1 B 30.14%
Weighting of Top 10 19.43% 10.6% 100.0% 81.16%

Top 10 Holdings

  1. Apple Inc 2.42%
  2. United States Treasury Notes 2% 2.05%
  3. United States Treasury Bonds 2.13% 2.03%
  4. Amazon.com Inc 1.99%
  5. Electronic Arts Inc 1.92%
  6. United States Treasury Notes 0.13% 1.91%
  7. Microsoft Corp 1.91%
  8. Autodesk Inc 1.87%
  9. Zimmer Biomet Holdings Inc 1.67%
  10. Philip Morris International Inc 1.65%

Asset Allocation

Weighting Return Low Return High IBNBX % Rank
Stocks
56.93% -113.74% 77.51% 31.07%
Bonds
38.93% -5.02% 80.79% 56.48%
Cash
3.00% -120.83% 149.68% 66.87%
Preferred Stocks
0.64% 0.00% 38.51% 22.12%
Convertible Bonds
0.50% -0.67% 85.36% 40.02%
Other
0.00% -10.55% 167.50% 79.42%

Stock Sector Breakdown

Weighting Return Low Return High IBNBX % Rank
Technology
25.42% 0.00% 100.00% 7.84%
Healthcare
14.21% 0.00% 54.35% 64.16%
Consumer Cyclical
14.06% 0.00% 76.72% 5.77%
Financial Services
12.31% 0.00% 60.94% 74.29%
Industrials
11.59% 0.00% 37.04% 19.72%
Communication Services
7.74% 0.00% 26.69% 59.91%
Consumer Defense
6.08% 0.00% 20.40% 73.09%
Energy
4.34% 0.00% 100.00% 30.17%
Basic Materials
4.24% 0.00% 24.33% 16.67%
Utilities
0.00% 0.00% 100.00% 94.12%
Real Estate
0.00% 0.00% 99.96% 96.08%

Stock Geographic Breakdown

Weighting Return Low Return High IBNBX % Rank
US
53.85% -112.30% 75.52% 22.02%
Non US
3.08% -2.13% 31.77% 60.29%

Bond Sector Breakdown

Weighting Return Low Return High IBNBX % Rank
Government
46.80% 0.00% 95.57% 8.74%
Corporate
42.34% 0.00% 100.00% 29.22%
Cash & Equivalents
6.97% -3.87% 100.00% 68.21%
Securitized
3.89% 0.00% 83.64% 67.39%
Derivative
0.00% 0.00% 74.57% 75.51%
Municipal
0.00% 0.00% 99.50% 76.23%

Bond Geographic Breakdown

Weighting Return Low Return High IBNBX % Rank
US
37.47% -6.37% 88.92% 52.26%
Non US
1.46% -14.78% 29.41% 71.71%

Expenses

IBNBX - Expenses

Operational Fees

IBNBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.90% 0.01% 7.41% 16.30%
Management Fee 0.65% 0.00% 2.50% 66.01%
12b-1 Fee 1.00% 0.00% 1.00% 91.50%
Administrative Fee N/A 0.01% 0.83% 3.85%

Sales Fees

IBNBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 5.00% 1.00% 5.50% 6.25%

Trading Fees

IBNBX 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.

IBNBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 574.00% 45.93%

Distributions

IBNBX - Distributions

Dividend Yield Analysis

IBNBX Category Low Category High IBNBX % Rank
Dividend Yield 0.00% 0.00% 10.35% 59.98%

Dividend Distribution Analysis

IBNBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

IBNBX Category Low Category High IBNBX % Rank
Net Income Ratio 0.48% -5.24% 6.65% 90.65%

Capital Gain Distribution Analysis

IBNBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IBNBX - Fund Manager Analysis

Managers

Matthew Hekman


Start Date

Tenure

Tenure Rank

Aug 04, 2014

5.83

5.8%

Mr. Hekman has held his Portfolio responsibilities since August 2014. He is Senior Vice President of IICO, Vice President of the Trust, and Vice President of and portfolio manager for another investment company for which IICO serves as investment manager. He joined the Waddell & Reed in June 2003 as a performance analyst, and joined the large-capitalization value team as assistant portfolio manager in September 2011. Mr. Hekman graduated from Dordt College in 1998 with a BA in Business Administration and earned an MBA with an emphasis in Finance from the University of Kansas in 2003. He is a Chartered Financial Analyst (CFA) Charterholder.

Mark Beischel


Start Date

Tenure

Tenure Rank

Apr 13, 2018

2.13

2.1%

Mark G. Beischel, CFA, is Senior Vice President of IICO, and Vice President of and portfolio manager for other investment companies for which IICO serves as investment manager. Mr. Beischel has served as Global Director of Fixed Income of IICO since June 2011. Mr. Beischel has served as assistant portfolio manager for investment companies managed by IICO since 2000, and has been an employee of such since 1998. He earned a BA degree in Business Management from the University of Wisconsin at Eau Claire, and an MBA with emphasis in Finance from the University of Denver.

Susan Regan


Start Date

Tenure

Tenure Rank

Apr 13, 2018

2.13

2.1%

Ms. Regan is Vice President of WRIMCO and IICO, Vice President of the Trust, and Vice President of and portfolio manager for other investment companies for which WRIMCO or IICO serves as investment manager. Ms. Regan joined Waddell & Reed in November 2007 as a fixed-income investment analyst and trader. She was appointed assistant vice president and assistant portfolio manager in January 2010. She earned a BA in economics in May 1984 and an MA in economics in December 1985 from the University of Missouri-Columbia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 39.44 6.86 0.41