IVSBX — Nomura Global Bond Fund

IVSBX Fund Overview

IVSBX — Nomura Global 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: $388.59M
• 1-year return: -0.6%
• Ticker: IVSBX
• SEC CIK: 0000883622
• SEC series ID: S000024837
• Share class ID: C000073938

IVSBX Investment Objective and Strategy

Nomura Global 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 a high level of current income.

Principal investment strategy

Ivy Global Bond Fund seeks to achieve its objectives by investing, under normal circumstances, at least 80% of its net assets in a diversified portfolio of bonds of foreign and U.S. issuers. The Fund may invest in debt securities, including secured and unsecured loan assignments, loan participations and other loan instruments (loans), issued by foreign or U.S. companies of any size, including those in emerging markets, as well as in debt securities issued by foreign or U.S. governments. Under normal circumstances, the Fund invests at least 40% (or, if IICO deems it warranted by market conditions, at least 30%) of its total assets in securities of non-U.S. issuers. The Fund may invest up to 100% of its total assets in foreign securities and in securities denominated in currencies other than the U.S.

dollar. The Fund may invest in securities of any maturity. The Fund may invest in both investment and non-investment grade securities. It may invest up to 100% of its total assets in non-investment grade bonds, commonly called high yield or junk bonds, primarily of foreign issuers, that include bonds 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 IICO to be of comparable quality. The Fund will invest in non-investment grade securities only if IICO deems the risks to be consistent with the Funds objectives. The Fund also may invest in equity securities of foreign and U.S. issuers to achieve income and/or its secondary objective of capital appreciation.

Many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various foreign markets through investments in these companies, even if the Fund is not invested directly in such markets. IICO may look at a number of factors in selecting securities for the Funds portfolio, including: identifying fundamental global themes; country analysis (economic, legislative/judicial and demographic trends); credit analysis of the issuer (financial strength, cash flow, balance sheet, management, strategy and accounting); the maturity, quality, and denomination (U.S. dollar, euro, yen) of the issue; domicile and market share of the issuer; and analysis of the issuers profit history through various economic cycles.

Generally, in determining whether to sell a security, IICO continues to analyze the factors considered for buying the security. IICO also considers its assumptions regarding a company, an industry, the markets, an individual economy and/or the global economy. IICO 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.

IVSBX Holdings

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

View all IVSBX holdings

IVSBX Portfolio Allocation

Asset-class allocation of Nomura Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

IVSBX Performance

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

IVSBX Risk Information

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

• 1-year volatility (annualised): 0.0%

IVSBX Costs and Fees

IVSBX costs about $168 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.68%
• Gross expense ratio: 2.41%
• Portfolio turnover: 141%
• Brokerage commissions: 2.32 bps of average net assets (SEC N-CEN)

IVSBX Cashflows

Over the 12 months to 2026-06, Nomura Global Bond Fund had net outflows of $95.35M, from monthly SEC N-PORT filings.

IVSBX Debt Constituents

Largest debt holdings of Nomura Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

IVSBX Prospectus and SEC Filings

Official Nomura Global Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-07-29
• Prospectus (485BPOS) — filed 2025-07-29
• Prospectus (485BPOS) — filed 2024-07-29
• Portfolio holdings (N-PORT) — filed 2026-08-26
• Portfolio holdings (N-PORT) — filed 2026-05-28
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2026-06-12
• Annual census (N-CEN) — filed 2025-06-12

Related Funds

Other Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• PGIM Total Return Bond Fund (PDBAX)

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.