Limited-Term Bond

C000091476 Fund Overview

Limited-Term Bond is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as Intermediate Treasury / Sovereign Bond. 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: Intermediate Treasury / Sovereign Bond
• Assets under management: $128.97M
• 1-year return: 2.9%
• SEC CIK: 0000810016
• SEC series ID: S000029766
• Share class ID: C000091476

C000091476 Investment Objective and Strategy

Limited-Term Bond describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.

Investment objective

Nomura VIP Limited-Term Bond Series seeks to provide current income consistent with preservation of capital.

Principal investment strategy

Under normal circumstances, Nomura VIP Limited-Term Bond Series will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment grade fixed income securities (80% policy), including, but not limited to, fixed income securities issued or guaranteed by the US government, its agencies or instrumentalities, and by US corporations. The Series may also invest up to 30% of its net assets in foreign securities, including up to 10% of its net assets in securities of issuers located in emerging markets. The Series may invest up to 20% of its net assets in below-investment-grade securities (also known as high yield or junk bonds). Additionally, the Series may invest in mortgage-backed securities issued or guaranteed by the US government, its agencies or instrumentalities, government-sponsored corporations, and mortgage-backed securities issued by certain private, nongovernment entities.

The Series may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases. The Series will maintain an average effective duration from one to three years. Investment grade debt securities include those that are rated within the four highest ratings categories by Moodys Investors Service, Inc. (Moodys) or Standard & Poors Financial Services LLC (S&P) or that are unrated but determined by the Manager to be of equivalent quality. The Series may use a wide range of derivatives instruments, typically including options, futures contracts, options on futures contracts, forward foreign currency contracts, and swaps. The Series will use derivatives for both hedging and nonhedging purposes.

For example, the Series may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification. The Series will not use derivatives for reasons inconsistent with its investment objective and will limit its investments in derivatives instruments to 20% of its net assets. The Manager may look at a number of factors in selecting securities for the Series holdings, beginning with a top-down (assessing the market environment) review of the broad economic and financial trends in the US and world markets.

This process aids in the determination of economic fundamentals, which leads to sector allocation. Within a sector, the Manager typically considers the maturity and perceived liquidity of the security, the relative value of the security based on historical yield information, the creditworthiness of the particular issuer (if not backed by the full faith and credit of the Treasury), and prepayment risks for mortgage-backed securities and other debt securities with call provisions. Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities, including review of the securitys valuation and the issuers creditworthiness. The Manager also may sell a security to take advantage of what it believes are more attractive investment opportunities, to reduce the Series holding in that security or to raise cash.

C000091476 Holdings

Top 10 holdings of Limited-Term Bond by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000091476 holdings

C000091476 Portfolio Allocation

Asset-class allocation of Limited-Term Bond by percentage of net assets, from the latest SEC N-PORT filing.

C000091476 Performance

Total returns for C000091476 (as of 2026-10-01), from SEC filings.

C000091476 Risk Information

Risk metrics for C000091476, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.2%

C000091476 Costs and Fees

C000091476 costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Gross expense ratio: 0.87%
• Portfolio turnover: 262%
• Brokerage commissions: 0.60 bps of average net assets (SEC N-CEN)

C000091476 Cashflows

Over the 12 months to 2026-06, Limited-Term Bond had net outflows of $28.13M, from monthly SEC N-PORT filings.

C000091476 Debt Constituents

Largest debt holdings of Limited-Term Bond by percentage of net assets, from the latest SEC N-PORT filing.

C000091476 Prospectus and SEC Filings

Official Limited-Term Bond filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-29
• Prospectus (485BPOS) — filed 2025-04-29
• Prospectus (485BPOS) — filed 2024-04-29
• Portfolio holdings (N-PORT) — filed 2026-08-24
• Portfolio holdings (N-PORT) — filed 2026-05-28
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2026-03-16
• Annual census (N-CEN) — filed 2025-03-14

Related Funds

Other Intermediate Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Bond Index Fund (VBIIX)
• Vanguard Intermediate-Term Treasury Index Fund (VSIGX)
• iShares U.S. Treasury Bond ETF (GOVT)
• iShares 3-7 Year Treasury Bond ETF (IEI)
• Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX)

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.