High Income
Data updated: 2026-08-24
C000190649 — High Income. Intermediate Corporate Bond · $751.47M AUM · 0.72% expense ratio · 4.6% 1-yr return. Holdings, fees, performance and SEC filings.
C000190649 Fund Overview
High Income is a US mutual fund managed by Ivy Variable Insurance Portfolios, categorised as Intermediate Corporate 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 Corporate Bond
- Assets under management: $751.47M
- 1-year return: 4.6%
- SEC CIK: 0000810016
- SEC series ID: S000006242
- Share class ID: C000190649
C000190649 Investment Objective and Strategy
High Income describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Variable Insurance Portfolios.
Investment objective
Nomura VIP High Income Series seeks to provide total return through a combination of high current income and capital appreciation.
Principal investment strategy
Nomura VIP High Income Series seeks to achieve its objective by investing primarily in a diversified portfolio of high-yield, high-risk, fixed-income securities, including secured and unsecured loan assignments, loan participations and other loan instruments (loans), of US and foreign issuers, the risks of which are, in the judgment of Delaware Management Company (Manager), the Series investment manager, and Nomura Corporate Research and Asset Management Inc (the Sub-Advisor, together the Management Team) consistent with the Series objective. The Series invests primarily in lower-quality debt securities, which 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 Management Team to be of comparable quality.
The Series may invest up to 100% of its total assets in non-investment-grade debt securities, commonly called high-yield or junk bonds, which include debt securities rated BB+ or lower by S&P, or comparably rated by another NRSRO or, if unrated, determined by the Management Team to be of comparable quality. The Series may invest in fixed-income securities of any maturity. The Series may invest up to 100% of its total assets in foreign securities that are denominated in U.S. dollars or foreign currencies. Many of the companies in which the Series may invest have diverse operations, with products or services in foreign markets. Therefore, the Series may have indirect exposure to various foreign markets through investments in these companies, even if the Series is not invested directly in such markets.
The Series may invest in restricted securities. At times, the Series may invest in a wholly-owned company acting as an investment vehicle for the Series to effect certain investments consistent with the Series investment objectives (Subsidiary). The Series investment in the Subsidiary is expected to provide the Series with exposure to certain investments in accordance with the limits of the federal tax laws. The Series complies with the provisions of the Investment Company Act of 1940, as amended (1940 Act), that govern investment policies, capital structure and leverage on an aggregate basis with the Subsidiary. The Subsidiary complies with the 1940 Acts provisions relating to affiliated transactions and custody of assets.
C000190649 Holdings
Top 10 holdings of High Income by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Morgan Stanley Institutional Liquidity Funds | 1.34% |
| Fidelity Colchester Street Trust | 1.34% |
| Blackrock Liquidity Funds | 1.34% |
| Goldman Sachs Trust | 1.34% |
| Vistra Corp. | 1.08% |
| Cco Holdings LLC / Cco Holdings Capital Corp. | 0.98% |
| Transdigm, Inc. | 0.88% |
| Arsenal Aic Parent LLC | 0.83% |
| Allison Transmission, Inc. | 0.78% |
| Quikrete Holdings, Inc. | 0.62% |
C000190649 Portfolio Allocation
Asset-class allocation of High Income by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.3% |
| Cash & Equivalents | 5.4% |
| Loans | 0.3% |
| Equity | 0.2% |
C000190649 Performance
Total returns for C000190649 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.3% |
| 1 year | 4.6% |
| 3 years (annualised) | 7.0% |
| 5 years (annualised) | 2.7% |
C000190649 Risk Information
Risk metrics for C000190649, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
C000190649 Costs and Fees
C000190649 costs about $72 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.72%
- Gross expense ratio: 0.72%
- Portfolio turnover: 42%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
C000190649 Cashflows
Over the 12 months to 2026-06, High Income had net outflows of $13.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.52M |
| 2026-05 | $46.65M |
| 2026-04 | −$3.53M |
| 2026-03 | −$9.10M |
| 2026-02 | −$4.27M |
| 2026-01 | −$12.33M |
C000190649 Debt Constituents
Largest debt holdings of High Income by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Vistra Corp. | 1.08% |
| Cco Holdings LLC / Cco Holdings Capital Corp. | 0.98% |
| Transdigm, Inc. | 0.88% |
| Arsenal Aic Parent LLC | 0.83% |
| Allison Transmission, Inc. | 0.78% |
| Quikrete Holdings, Inc. | 0.62% |
| Organon & Company | 0.61% |
| 1261229 B.c. Ltd. | 0.59% |
| Uniti Services LLC / Windstream Finance Corp. | 0.57% |
| Nrg Energy, Inc. | 0.55% |
C000190649 Prospectus and SEC Filings
Official High Income 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 Corporate Bond 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.