IVBEX — Delaware Ivy Core Bond Fund
Data updated: 2024-08-27
IVBEX — Delaware Ivy Core Bond Fund. Long Total / Aggregate Bond · $247.53M AUM · 0.95% expense ratio. Holdings, fees, performance and SEC filings.
IVBEX Fund Overview
IVBEX — Delaware Ivy Core Bond Fund is a US mutual fund managed by Ivy Funds, categorised as Long Total / Aggregate 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: Long Total / Aggregate Bond
- Assets under management: $247.53M
- 1-year return: -9.4%
- Ticker: IVBEX
- SEC CIK: 0000883622
- SEC series ID: S000024833
- Share class ID: C000073917
IVBEX Investment Objective and Strategy
Delaware Ivy Core 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
Ivy Securian Core Bond 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 IICO, or Securian Asset Management, Inc. (Securian AM), the Funds subadviser, to be of comparable quality), which include corporate debt securities, residential and commercial 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 invests primarily in debt securities issued by domestic companies, in a variety of sectors and industries. Although the Fund invests primarily in investment-grade debt securities, it may invest up to 20% of its total assets in non-investment grade debt securities, commonly called high yield or junk bonds, that include bonds rated BB+ or lower by S&P, or comparably rated by another NRSRO or, if unrated, determined by IICO or Securian AM to be of comparable quality.
In selecting securities for the Fund, Securian AM uses a bottom-up (researching individual issuers), fundamental approach by focusing on security selection and sector allocation. Securian AM focuses on relative value trading among fixed-income securities, and considers factors such as security pricing, industry outlook, current and anticipated market and economic conditions, general levels of debt prices and issuer operations. Securian AMs investment process also includes a top-down (assessing the market environment) overlay for portfolio and risk management that considers factors such as economic growth, inflation expectations, business sentiment, fiscal and monetary policy, global growth and the credit cycle, among other factors. Generally, in determining whether to sell a security, Securian AM uses the same type of analysis that it uses in buying securities, including review of the securitys valuation and the issuers creditworthiness.
Securian AM also may sell a security in light of interest rate expectations, changes in credit spreads, if the issuers investment thesis is no longer valid, to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
IVBEX Holdings
Top 10 holdings of Delaware Ivy Core Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fannie Mae | 3.09% |
| Fannie Mae | 2.19% |
| JP Morgan Mortgage Trust | 1.99% |
| Fannie Mae | 1.96% |
| Firstkey Homes Trust | 1.78% |
| Home Partners of America Trust | 1.68% |
| BENCHMARK Mortgage Trust | 1.64% |
| Firstkey Homes Trust | 1.62% |
| JP Morgan Mortgage Trust | 1.58% |
| Freddie Mac | 1.53% |
IVBEX Portfolio Allocation
Asset-class allocation of Delaware Ivy Core Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 55.1% |
| Fixed Income | 43.6% |
| Cash & Equivalents | 0.5% |
IVBEX Performance
Total returns for IVBEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.4% |
| 3 years (annualised) | -3.5% |
IVBEX Risk Information
Risk metrics for IVBEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.3%
IVBEX Costs and Fees
IVBEX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.14%
- Portfolio turnover: 128%
- Brokerage commissions: 0.53 bps of average net assets (SEC N-CEN)
IVBEX Cashflows
Over the 12 months to 2024-06, Delaware Ivy Core Bond Fund had net outflows of $7.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$4.02M |
| 2024-05 | −$18.34M |
| 2024-04 | −$62.25M |
| 2024-03 | −$12.75M |
| 2024-02 | −$25.96M |
| 2024-01 | −$5.07M |
IVBEX Debt Constituents
Largest debt holdings of Delaware Ivy Core Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 1.10% |
| Muni Elec Auth Of Georgia | 1.08% |
| Ny & Presbyterian Hospit | 0.67% |
| Methanex Corp. | 0.64% |
| United Airlines, Inc. | 0.63% |
| Nustar Logistics LP | 0.63% |
| Cco Hldgs Llc/cap Corp. | 0.61% |
| Iron Mountain Info Mgmt | 0.61% |
| Cdw Llc/cdw Finance | 0.60% |
| Truist Financial Corp. | 0.60% |
IVBEX Prospectus and SEC Filings
Official Delaware Ivy Core Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus (485BPOS) — filed 2021-07-28
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Annual census (N-CEN) — filed 2024-06-11
- Annual census (N-CEN) — filed 2023-06-14
Related Funds
Other Long Total / Aggregate 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.