IBOAX: Ivy Securian Core Bond Fund - MutualFunds.com
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Ivy Securian Core Bond A

IBOAX - Snapshot

Vitals

  • YTD Return -1.4%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $1.23 B
  • Holdings in Top 10 24.7%

52 WEEK LOW AND HIGH

$10.97
$10.11
$11.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 118.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $750
  • IRA N/A

Fund Classification

Compare IBOAX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Total Bond Market Index Fund

BND | ETF

$86.02

-0.28%

$305.35 B

2.22%

$1.91

-2.48%

0.04%

Vanguard Total Bond Market Index Fund

Fund

$11.34

-0.26%

$305.35 B

-

$0.00

-2.41%

0.15%

Vanguard Total Bond Market II Index Fund

Fund

$11.19

-0.18%

$226.88 B

2.16%

$0.24

-2.36%

0.09%

Metropolitan West Total Return Bond Fund

Fund

$10.98

-0.27%

$89.67 B

1.50%

$0.17

-1.79%

0.67%

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$115.48

-0.31%

$86.17 B

2.14%

$2.48

-2.27%

0.05%

IBOAX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Ivy Securian Core Bond Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Aug 14, 1987
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Houghton

Fund Description

The fund invests at least 80% of its net assets in bonds (for this purpose, "bonds" includes any debt security with an initial maturity greater than one year). It invests in a variety of primarily investment-grade debt securities, which include corporate debt securities, residential and commercial mortgage-backed securities, debt securities issued or guaranteed by the U.S. government or any of its agencies or instrumentalities and other asset-backed securities. The fund may invest up to 20% of its total assets in non-investment grade debt securities.

IBOAX - Performance

Return Ranking - Trailing

Period IBOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.1% 7.8% 27.67%
1 Yr 4.2% -6.4% 15.5% 83.43%
3 Yr 5.0%* 0.9% 9.4% 75.45%
5 Yr 4.5%* 1.1% 8.8% 44.70%
10 Yr 4.1%* 1.5% 8.3% 38.42%

* Annualized

Return Ranking - Calendar

Period IBOAX Return Category Return Low Category Return High Rank in Category (%)
2020 2.1% -10.1% 946.1% 84.61%
2019 4.9% -2.6% 13.9% 69.16%
2018 -3.7% -10.3% 2.7% 65.57%
2017 2.3% -49.5% 8.1% 12.90%
2016 1.7% -49.3% 192.8% 13.62%

Total Return Ranking - Trailing

Period IBOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.0% 7.8% 27.67%
1 Yr 1.6% -6.4% 15.5% 90.04%
3 Yr 4.1%* 0.9% 9.4% 87.73%
5 Yr 3.9%* 1.1% 8.8% 66.05%
10 Yr 3.9%* 1.5% 8.3% 52.51%

* Annualized

Total Return Ranking - Calendar

Period IBOAX Return Category Return Low Category Return High Rank in Category (%)
2020 2.1% -10.1% 946.1% 84.61%
2019 4.9% -2.6% 13.9% 71.59%
2018 -3.7% -10.3% 3.9% 69.73%
2017 2.3% -6.0% 8.4% 33.29%
2016 1.7% -5.7% 204.3% 35.02%

NAV & Total Return History

IBOAX - Holdings

Concentration Analysis

IBOAX Category Low Category High IBOAX % Rank
Net Assets 1.23 B 852 K 305 B 49.95%
Number of Holdings 495 1 18501 62.69%
Net Assets in Top 10 220 M -1.14 B 45.6 B 56.57%
Weighting of Top 10 24.71% 3.3% 100.0% 50.42%

Top 10 Holdings

  1. US Treasury Bond Future Sept 20 7.40%
  2. US Treasury Bond Future Sept 20 7.40%
  3. US Treasury Bond Future Sept 20 7.40%
  4. US Treasury Bond Future Sept 20 7.40%
  5. US Treasury Bond Future Sept 20 7.40%
  6. US Treasury Bond Future Sept 20 7.40%
  7. US Treasury Bond Future Sept 20 7.40%
  8. US Treasury Bond Future Sept 20 7.40%
  9. US Treasury Bond Future Sept 20 7.40%
  10. US Treasury Bond Future Sept 20 7.40%

Asset Allocation

Weighting Return Low Return High IBOAX % Rank
Bonds 		98.40% -54.98% 286.91% 23.33%
Cash 		1.34% -195.83% 163.97% 71.39%
Convertible Bonds 		0.26% 0.00% 8.68% 81.76%
Stocks 		0.00% -0.29% 10.37% 46.30%
Preferred Stocks 		0.00% 0.00% 84.28% 57.59%
Other 		0.00% -15.11% 6.74% 34.44%

Bond Sector Breakdown

Weighting Return Low Return High IBOAX % Rank
Corporate 		42.74% 0.00% 100.00% 23.80%
Securitized 		33.41% 0.00% 97.86% 39.72%
Government 		21.51% 0.00% 83.98% 45.19%
Cash & Equivalents 		1.28% 0.00% 56.38% 91.67%
Municipal 		1.07% 0.00% 100.00% 30.09%
Derivative 		0.00% 0.00% 23.90% 53.15%

Bond Geographic Breakdown

Weighting Return Low Return High IBOAX % Rank
US 		95.47% -55.23% 255.76% 14.07%
Non US 		2.93% -92.93% 48.76% 87.13%

IBOAX - Expenses

Operational Fees

IBOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.01% 19.93% 27.89%
Management Fee 0.51% 0.00% 0.85% 91.02%
12b-1 Fee 0.25% 0.00% 1.00% 30.13%
Administrative Fee N/A 0.01% 0.50% 2.24%

Sales Fees

IBOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 2.00% 5.75% 84.40%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IBOAX 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.

IBOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 118.00% 3.00% 484.45% 50.05%

IBOAX - Distributions

Dividend Yield Analysis

IBOAX Category Low Category High IBOAX % Rank
Dividend Yield 0.00% 0.00% 3.52% 33.18%

Dividend Distribution Analysis

IBOAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IBOAX Category Low Category High IBOAX % Rank
Net Income Ratio 2.48% -0.39% 11.28% 44.93%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

IBOAX - Fund Manager Analysis

Managers

Thomas Houghton

Start Date

Tenure

Tenure Rank

Apr 30, 2005

15.77

15.8%

Thomas B. Houghton has served as Vice President and Portfolio Manager, Total Return Fixed Income, Securian AM, since August 2003. Mr. Houghton had served as Senior Investment Officer with Securian AM from April 2002 to August 2003. Previously, Mr. Houghton was a Senior Securities Analyst, Public Corporate Bonds, with American Express from July 2001 through March 2002.

Daniel Henken

Start Date

Tenure

Tenure Rank

Nov 28, 2017

3.18

3.2%

Dan is an Investment Officer in the corporate bond group at Advantus. His responsibilities include fundamental industry and company analysis of current and prospective holdings, along with specific trade recommendations. He covers the technology, media, telecommunications and transportation sectors. Dan is a CFA Charterholder, and is a member of the CFA Institute and CFA Society of Minnesota. He also serves on the Board of Directors for the CFA Society of Minnesota.

Lena Harhaj

Start Date

Tenure

Tenure Rank

Apr 30, 2018

2.76

2.8%

Total Return Portfolio Analyst since June 2015, previously Senior Investment Analyst since June 2013, and Associate Mortgage Analyst since June 2010, Advantus Capital. Ms. Harhaj holds a Bachelor of Science in Finance from the University of Minnesota. She is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 32.1 6.93 1.59

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