IPREX — Delaware Ivy ProShares S&P 500 Bond Index Fund

IPREX Fund Overview

IPREX — Delaware Ivy ProShares S&P 500 Bond Index Fund is a US mutual fund managed by Ivy Funds, categorised as 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: Bond
• Assets under management: $34.95M
• 1-year return: -9.5%
• Ticker: IPREX
• SEC CIK: 0000883622
• SEC series ID: S000057251
• Share class ID: C000182608

IPREX Investment Objective and Strategy

Delaware Ivy ProShares S&P 500 Bond Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Funds.

Investment objective

To seek investment results, before fees and expenses, that track the performance of the S&P 500 ® /MarketAxess ® Investment Grade Corporate Bond Index (Index).

Principal investment strategy

Ivy ProShares S&P 500 Bond Index Fund seeks to achieve its objective by investing all, or substantially all, of its assets in the types of securities that should track the performance of the Index. The Index is a market value-weighted subset of the S&P 500 Investment Grade Corporate Bond Index, which seeks to measure the performance of corporate debt issued in the U.S. by companies (and their subsidiaries) that are included in the S&P 500 Index, (which is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies representing a measure of large-cap U.S. stock market performance), subject to additional liquidity rules. The Index is published under the Bloomberg ticker symbol SP5MAIGT. Bonds eligible for inclusion in the Index must meet certain liquidity and price criteria, including the following: (i) they must have a maturity of greater than or equal to one year from the Indexs monthly rebalancing date; (ii) they must have a maturity upon issuance of at least two and a half years; (iii) they must be denominated in U.S.

dollars; and (iv) they must have a minimum par amount of $750 million. Private placements and other restricted securities (including Rule 144A securities), floating-rate securities, fixed-to-floating rate securities, puttable bonds, pay-in-kind bonds, Treasury bills, and securities issued or guaranteed by the U.S. Treasury under the STRIPS program are excluded from the Index. The Index may be composed of up to 1,000 constituents based on their liquidity, as measured by each bond's trailing 60-day average trading volume. Eligible bonds must have a minimum credit rating of BBB-, Baa3 or BBB- (as rated by S&P Global Ratings, a division of S&P Global Inc., Moody's Investors Service, Inc. and Fitch Investor Services, respectively). The Fund invests in securities that ProShare Advisors LLC (ProShare Advisors), the Funds investment subadviser, believes, in combination, should track the performance of the Index.

Under normal circumstances, the Fund will invest at least 80% of its net assets in investments connoted by the Index (i.e., component securities of the Index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the Index). Under normal circumstances, the Fund also will invest at least 80% of its net assets in bonds. ProShare Advisors follows a passive approach to investing that is designed to track the performance of the Index. ProShare Advisors does not invest the assets of the Fund in securities based on ProShare Advisors view of the investment merit of a particular security or company, nor does it conduct conventional investment research or analysis, or forecast market movement or trends, in managing the assets of the Fund.

The Fund seeks to remain fully invested at all times in securities that provide exposure to the Index without regard to market conditions, trends, direction or the financial condition of a particular bond issuer. The Fund attempts to track the performance of the Index by investing all, or substantially all, of its assets in the types of securities that make up the Index, holding each security in approximately the same proportion as its weighting in the Index. The Fund may invest in or gain exposure to only a representative sample of the securities in the Index, which exposure is intended to have aggregate characteristics similar to the Index, and may invest in securities not contained in the Index. The Fund will concentrate its investment in a particular industry or group of industries, country or region to approximately the same extent as the Index is so concentrated.

As of the close of business on November 30, 2017, the Index was concentrated in the financials industry group. ProShares is a registered mark of ProShare Advisors and has been licensed by IICO solely for use in connection with the Fund.

IPREX Performance

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

IPREX Risk Information

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

• 1-year volatility (annualised): 6.8%

IPREX Costs and Fees

IPREX costs about $59 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.59%
• Gross expense ratio: 0.83%
• Portfolio turnover: 65%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

IPREX Cashflows

Over the 12 months to 2022-06, Delaware Ivy ProShares S&P 500 Bond Index Fund had net outflows of $16.54M, from monthly SEC N-PORT filings.

IPREX Debt Constituents

No individual debt constituents are reported in Delaware Ivy ProShares S&P 500 Bond Index Fund's latest SEC N-PORT filing.

IPREX Prospectus and SEC Filings

Official Delaware Ivy ProShares S&P 500 Bond Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-01-28
• Prospectus (485BPOS) — filed 2021-01-28
• Prospectus (485BPOS) — filed 2020-02-21
• Portfolio holdings (N-PORT) — filed 2022-08-26
• Portfolio holdings (N-PORT) — filed 2022-05-19
• Portfolio holdings (N-PORT) — filed 2022-02-23
• Annual census (N-CEN) — filed 2021-12-27
• Annual census (N-CEN) — filed 2020-12-09

Related Funds

Other Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• ICON Flexible Bond Fund (IOBCX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)

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.