WLTAX — Delaware Ivy Limited-Term Bond Fund
Data updated: 2023-08-29
WLTAX — Delaware Ivy Limited-Term Bond Fund. Short Bond · $490.65M AUM · 0.77% expense ratio · 1.0% 1-yr return. Holdings, fees, performance and SEC filings.
WLTAX Fund Overview
WLTAX — Delaware Ivy Limited-Term Bond Fund is a US mutual fund managed by Ivy Funds, categorised as Short 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: Short Bond
- Assets under management: $490.65M
- 1-year return: 1.0%
- Ticker: WLTAX
- SEC CIK: 0000883622
- SEC series ID: S000006292
- Share class ID: C000017294
WLTAX Investment Objective and Strategy
Delaware Ivy Limited-Term 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 Limited-Term Bond Fund seeks to achieve its objective by investing primarily in investment grade, U.S. dollar-denominated, debt securities of primarily U.S. issuers. The Fund may invest in U.S. government securities, corporate debt securities, mortgage-backed securities including collateralized mortgage obligations (CMOs) and other asset-backed securities. The Fund seeks to identify relative value opportunities between these sectors of the fixed-income market. Under normal circumstances, the Fund invests at least 80% of its net assets in bonds with limited-term maturities; therefore, the Fund seeks to maintain a dollar-weighted average maturity of not less than two years and not more than five years. Investment grade debt securities include 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 to be of comparable quality. IICO may look at a number of factors in selecting securities for the Funds portfolio, beginning with a top-down (assessing the market environment) review of the broad economic and financial trends in the U.S. and world markets. This process aids in the determination of economic fundamentals, which leads to sector allocation. Within a sector, IICO typically considers the securitys current coupon, the maturity of the security, the relative value of the security based on historical yield information, the creditworthiness of the particular issuer (if not backed by the full faith and credit of the Treasury), and prepayment risks for mortgage-backed securities and other debt securities with call provisions.
Generally, in determining whether to sell a security, IICO uses the same type of analysis that it uses in buying securities, including review of the securitys valuation and the issuers creditworthiness. IICO also may sell a security to take advantage of what it believes are more attractive investment opportunities, to reduce the Funds holding in that security or to raise cash.
WLTAX Performance
Total returns for WLTAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.0% |
| 3 years (annualised) | -1.2% |
WLTAX Risk Information
Risk metrics for WLTAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.1%
WLTAX Costs and Fees
WLTAX costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.95%
- Portfolio turnover: 120%
- Brokerage commissions: 0.37 bps of average net assets (SEC N-CEN)
WLTAX Cashflows
Over the 12 months to 2023-06, Delaware Ivy Limited-Term Bond Fund had net inflows of $590.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $37.46M |
| 2023-05 | $37.66M |
| 2023-04 | $27.93M |
| 2023-03 | $43.40M |
| 2023-02 | $53.08M |
| 2023-01 | $45.37M |
WLTAX Debt Constituents
No individual debt constituents are reported in Delaware Ivy Limited-Term Bond Fund's latest SEC N-PORT filing.
WLTAX Prospectus and SEC Filings
Official Delaware Ivy Limited-Term 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 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-23
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Annual census (N-CEN) — filed 2023-06-14
- Annual census (N-CEN) — filed 2022-06-14
Related Funds
Other Short 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.