Global Bond
Data updated: 2022-05-27
C000091475 — Global Bond. Emerging Markets Blend / Core Equity · $14.13M AUM · 1.28% expense ratio. Holdings, fees, performance and SEC filings.
C000091475 Fund Overview
Global Bond is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ivy Variable Insurance Portfolios
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $14.13M
- 1-year return: -2.9%
- SEC CIK: 0000810016
- SEC series ID: S000029765
- Share class ID: C000091475
C000091475 Investment Objective and Strategy
Global Bond describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.
Investment objective
To seek to provide a high level of current income.
Principal investment strategy
Ivy VIP Global Bond seeks to achieve its objectives by investing, under normal circumstances, at least 80% of its net assets in a diversified portfolio of bonds of foreign and U.S. issuers. The Portfolio may invest in debt securities, including secured and unsecured loan assignments, loan participations and other loan instruments (loans), issued by foreign or U.S. companies of any size, including those in emerging markets, as well as in debt securities issued by foreign or U.S. governments. Under normal circumstances, the Portfolio invests at least 40% (or, if Ivy Investment Management Company (IICO), the Portfolios investment manager, deems it warranted by market conditions, at least 30%) of its total assets in securities of non-U.S. issuers. The Portfolio may invest up to 100% of its total assets in foreign securities and in securities denominated in currencies other than the U.S.
dollar. The Portfolio may invest in securities of any maturity. The Portfolio may invest in both investment and non-investment grade securities. It may invest up to 100% of its total assets in non-investment grade bonds, commonly called high yield or junk bonds, primarily of foreign issuers, that include bonds 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 IICO to be of comparable quality. The Portfolio will invest in non-investment grade securities only if IICO deems the risks to be consistent with the Portfolios objectives. The Portfolio also may invest in equity securities of foreign and U.S. issuers to achieve income and/or its secondary objective of capital appreciation.
Many of the companies in which the Portfolio may invest have diverse operations, with products or services in foreign markets. Therefore, the Portfolio may have indirect exposure to various foreign markets through investments in these companies, even if the Portfolio is not invested directly in such markets. IICO may look at a number of factors in selecting securities for the Portfolios holdings including: identifying fundamental global themes; country analysis (economic, legislative/judicial and demographic trends); credit analysis of the issuer (financial strength, cash flow, balance sheet, management, strategy and accounting); the maturity, quality, and denomination (U.S. dollar, euro, yen) of the issue; domicile and market share of the issuer; and analysis of the issuers profit history through various economic cycles.
Generally, in determining whether to sell a security, IICO continues to analyze the factors considered for buying the security. IICO also considers its assumptions regarding a company, an industry, the markets, an individual economy and/or the global economy. IICO may sell a security to reduce the Portfolios holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
C000091475 Holdings
Top 10 holdings of Global Bond by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| U.S. Treasury Notes | 3.17% |
| U.S. Treasury Bonds | 2.25% |
| U.S. Treasury Notes | 1.98% |
| U.S. Treasury Notes | 1.96% |
| Republic of Indonesia | 1.95% |
| Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares | 1.79% |
| HSBC Holdings plc | 1.60% |
| ICICI Bank Ltd. | 1.57% |
| United Mexican States | 1.34% |
| Credit Suisse Group AG | 1.30% |
C000091475 Portfolio Allocation
Asset-class allocation of Global Bond by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.8% |
| Cash & Equivalents | 1.8% |
C000091475 Performance
Total returns for C000091475 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.9% |
| 3 years (annualised) | -1.0% |
C000091475 Risk Information
Risk metrics for C000091475, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.0%
C000091475 Costs and Fees
C000091475 costs about $128 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.28%
- Gross expense ratio: 1.28%
- Portfolio turnover: 56%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000091475 Cashflows
Over the 12 months to 2022-03, Global Bond had net outflows of $1.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $588.63K |
| 2022-02 | $538.24K |
| 2022-01 | $1.04M |
| 2021-12 | −$908.52K |
| 2021-11 | −$1.32M |
| 2021-10 | −$1.52M |
C000091475 Debt Constituents
Largest debt holdings of Global Bond by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.S. Treasury Notes | 3.17% |
| U.S. Treasury Bonds | 2.25% |
| U.S. Treasury Notes | 1.98% |
| U.S. Treasury Notes | 1.96% |
| Republic of Indonesia | 1.95% |
| HSBC Holdings plc | 1.60% |
| ICICI Bank Ltd. | 1.57% |
| United Mexican States | 1.34% |
| Credit Suisse Group AG | 1.30% |
| Republic of Indonesia | 1.24% |
C000091475 Prospectus and SEC Filings
Official Global Bond filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-05-19
- Prospectus (485BPOS) — filed 2019-05-20
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Portfolio holdings (N-PORT) — filed 2022-02-23
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Annual census (N-CEN) — filed 2022-03-10
- Annual census (N-CEN) — filed 2021-03-11
Related Funds
Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.