IBJIX — Delaware Ivy Corporate Bond Fund

IBJIX Fund Overview

IBJIX — Delaware Ivy Corporate Bond Fund is a US mutual fund managed by Ivy Funds, categorised as 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 Funds
• Category: Corporate Bond
• Assets under management: $287.51M
• 1-year return: 2.9%
• Ticker: IBJIX
• SEC CIK: 0000883622
• SEC series ID: S000058122
• Share class ID: C000190323

IBJIX Investment Objective and Strategy

Delaware Ivy Corporate Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Funds.

Investment objective

To seek to provide current income consistent with preservation of capital.

Principal investment strategy

At a meeting held on November 15, 2017, the Board of Trustees approved changes to the name, principal investment strategy and non-fundamental investment restriction of Ivy Bond Fund. Such changes will become effective on April 30, 2018 (the Effective Date). Therefore, as of the Effective Date, the following changes will occur: (1) the Funds name will change from Ivy Bond Fund to Ivy Corporate Bond Fund; (2) the Funds principal investment strategy will change, with the Fund focusing on investments specifically in corporate bonds, rather than in bonds generally; and (3) the Funds non-fundamental investment restriction pertaining to name rule investments will also change to reflect the Funds strategy change to invest in corporate bonds. The Fund seeks to achieve its objective by investing, under normal circumstances, 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).

The Fund invests in a variety of primarily investment grade debt securities (including bonds rated BBB- or higher 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 Ivy Investment Management Company (IICO) to be of comparable quality), which include corporate debt securities, mortgage-backed securities, debt securities issued or guaranteed by the U.S. government or any of its agencies or instrumentalities (U.S. government securities) and other asset-backed securities. Certain of the mortgage-backed securities in which the Fund may invest are not backed by the full faith and credit of the U.S. government and, like other asset-backed securities in which the Fund may invest, may be backed only by the pool of assets pledged as security for the transaction.

The Fund has no limitations regarding the maturity, duration or dollar-weighted average of its holdings, may invest in debt securities with varying maturities and can invest in debt securities issued by both domestic and foreign companies of any size, in a variety of sectors and industries. The Fund may invest significantly in debt securities payable from the same sector. In selecting debt securities for the Fund, IICO initially utilizes a top-down (assessing the market environment) viewpoint by looking at broad economic and financial trends in an effort to anticipate their impact on the fixed-income market and then conducts a bottom-up (researching individual issuers) analysis that considers yield and relative safety of a security. IICO also may look at many other factors, including the issuers past, present and estimated future: financial strength; cash flow; management; borrowing requirements; and responsiveness to changes in interest rates and business conditions.

Additionally, IICO may consider the maturity of the obligation and the size or nature of the bond issue. Generally, in determining whether to sell a security, IICO uses the same type of analysis that it uses in buying securities. For example, IICO may sell a holding if, in IICO opinion, the issuers financial strength weakens and/or the yield and relative safety of the security decline. IICO also may sell a security to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.

IBJIX Performance

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

IBJIX Risk Information

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

• 1-year volatility (annualised): 8.2%

IBJIX Costs and Fees

IBJIX costs about $61 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.61%
• Gross expense ratio: 0.72%
• Portfolio turnover: 52%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

IBJIX Cashflows

Over the 12 months to 2023-09, Delaware Ivy Corporate Bond Fund had net inflows of $216.95M, from monthly SEC N-PORT filings.

IBJIX Debt Constituents

No individual debt constituents are reported in Delaware Ivy Corporate Bond Fund's latest SEC N-PORT filing.

IBJIX Prospectus and SEC Filings

Official Delaware Ivy Corporate Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-01-27
• Prospectus (485BPOS) — filed 2022-01-28
• Prospectus supplement (497) — filed 2021-02-04
• Portfolio holdings (N-PORT) — filed 2023-11-21
• Portfolio holdings (N-PORT) — filed 2023-08-29
• Portfolio holdings (N-PORT) — filed 2023-05-23
• Annual census (N-CEN) — filed 2023-12-11
• Annual census (N-CEN) — filed 2022-12-13

Related Funds

Other Corporate Bond funds tracked on ABC INVEST:

• First Trust Preferred Securities and Income ETF (FPE)
• Nuveen Preferred Securities and Income Fund (NPSAX)
• Spectrum Preferred and Capital Securities Income Fund (PNARX)
• Invesco Variable Rate Preferred ETF (VRP)
• First Trust Institutional Preferred Securities and Income ETF (FPEI)

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.