Ivy ProShares S&P 500 Bond Index N
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.1%
1 yr return
5.6%
3 Yr Avg Return
3.2%
5 Yr Avg Return
N/A
Net Assets
$145 M
Holdings in Top 10
5.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.44%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IPRNX - Profile
Distributions
- YTD Total Return 6.1%
- 3 Yr Annualized Total Return 4.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.18%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameIvy ProShares S&P 500 Bond Index Fund
-
Fund Family NameIvy Funds
-
Inception DateApr 20, 2017
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBenjamin McAbee
Fund Description
Delaware 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 Index’s 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 Separate Trading of Registered Interest and Principal of Securities (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 Fund’s 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, 2020, the Index was concentrated in the financials and industrials industry group.
“ProShares” is a registered mark of ProShare Advisors and has been licensed by the Manager solely for use in connection with the Fund.
IPRNX - Performance
Return Ranking - Trailing
Period | IPRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.1% | -31.9% | 954.9% | 13.09% |
1 Yr | 5.6% | -27.2% | 945.1% | 8.66% |
3 Yr | 3.2%* | -18.4% | 120.9% | 4.19% |
5 Yr | N/A* | -9.1% | 60.6% | N/A |
10 Yr | N/A* | -5.2% | 14.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | IPRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -5.8% | 20.3% | 1.85% |
2022 | -6.4% | -29.6% | 4.6% | 95.72% |
2021 | N/A | -4.4% | 15.8% | N/A |
2020 | N/A | -6.1% | 15.0% | N/A |
2019 | N/A | -11.6% | 2.6% | N/A |
Total Return Ranking - Trailing
Period | IPRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.1% | -31.9% | 954.9% | 13.09% |
1 Yr | 5.6% | -27.2% | 945.1% | 8.45% |
3 Yr | 4.8%* | -18.4% | 120.9% | 1.52% |
5 Yr | N/A* | -9.1% | 60.6% | N/A |
10 Yr | N/A* | -5.2% | 16.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | IPRNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.6% | -5.8% | 20.3% | 1.48% |
2022 | -3.4% | -29.6% | 4.6% | 77.37% |
2021 | N/A | -4.4% | 15.8% | N/A |
2020 | N/A | -6.1% | 15.0% | N/A |
2019 | N/A | -9.9% | 3.0% | N/A |
IPRNX - Holdings
Concentration Analysis
IPRNX | Category Low | Category High | IPRNX % Rank | |
---|---|---|---|---|
Net Assets | 145 M | 619 K | 88.4 B | 80.12% |
Number of Holdings | 399 | 1 | 10083 | 42.26% |
Net Assets in Top 10 | 8.04 M | -170 M | 26.9 B | 93.62% |
Weighting of Top 10 | 5.83% | 2.6% | 100.0% | 97.63% |
Top 10 Holdings
- General Electric Company 5.88% 0.70%
- Bank of America Corporation 4.18% 0.67%
- Verizon Communications Inc. 5.25% 0.61%
- Intel Corporation 3.73% 0.60%
- Cigna Corporation 4.8% 0.57%
- Bank of America Corporation 3.25% 0.56%
- CVS Health Corp 4.1% 0.54%
- Gilead Sciences, Inc. 4.75% 0.53%
- Apple Inc. 2.9% 0.52%
- Morgan Stanley 4.38% 0.52%
Asset Allocation
Weighting | Return Low | Return High | IPRNX % Rank | |
---|---|---|---|---|
Bonds | 98.60% | 78.92% | 188.18% | 30.44% |
Cash | 1.20% | -83.41% | 19.68% | 65.40% |
Convertible Bonds | 0.20% | 0.00% | 9.45% | 44.48% |
Stocks | 0.00% | -4.99% | 21.62% | 37.03% |
Preferred Stocks | 0.00% | -0.17% | 10.40% | 42.26% |
Other | 0.00% | -9.30% | 31.94% | 35.46% |
Bond Sector Breakdown
Weighting | Return Low | Return High | IPRNX % Rank | |
---|---|---|---|---|
Corporate | 98.80% | 0.00% | 99.00% | 0.32% |
Cash & Equivalents | 1.20% | -26.49% | 93.17% | 72.31% |
Derivative | 0.00% | 0.00% | 39.43% | 40.80% |
Securitized | 0.00% | 0.00% | 97.53% | 69.13% |
Municipal | 0.00% | 0.00% | 100.06% | 85.57% |
Government | 0.00% | -2.21% | 99.96% | 71.63% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | IPRNX % Rank | |
---|---|---|---|---|
US | 98.29% | 49.78% | 163.25% | 19.63% |
Non US | 0.31% | -12.10% | 39.65% | 76.93% |
IPRNX - Expenses
Operational Fees
IPRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.44% | 0.01% | 34.57% | 85.57% |
Management Fee | 0.20% | 0.00% | 1.60% | 8.30% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.36% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
IPRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
IPRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
IPRNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 33.00% | 0.00% | 496.90% | 42.88% |
IPRNX - Distributions
Dividend Yield Analysis
IPRNX | Category Low | Category High | IPRNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.89% | 33.92% |
Dividend Distribution Analysis
IPRNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
IPRNX | Category Low | Category High | IPRNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.18% | -0.81% | 5.05% | 11.44% |
Capital Gain Distribution Analysis
IPRNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 14, 2019 | $0.024 | |
Feb 14, 2019 | $0.024 | |
Jan 10, 2019 | $0.012 | |
Dec 13, 2018 | $0.066 | |
Nov 15, 2018 | $0.024 | |
Oct 11, 2018 | $0.024 | |
Sep 13, 2018 | $0.024 | |
Aug 16, 2018 | $0.024 | |
Jul 12, 2018 | $0.022 | |
Jun 14, 2018 | $0.022 | |
May 10, 2018 | $0.022 | |
Apr 12, 2018 | $0.022 | |
Mar 15, 2018 | $0.022 | |
Feb 15, 2018 | $0.022 | |
Jan 11, 2018 | $0.011 | |
Dec 14, 2017 | $0.032 | |
Nov 16, 2017 | $0.022 | |
Oct 12, 2017 | $0.023 | |
Sep 14, 2017 | $0.022 | |
Aug 10, 2017 | $0.022 | |
Jul 13, 2017 | $0.022 | |
Jun 15, 2017 | $0.022 |
IPRNX - Fund Manager Analysis
Managers
Benjamin McAbee
Start Date
Tenure
Tenure Rank
Apr 18, 2017
3.37
3.4%
Benjamin McAbee is Portfolio Manager at ProFund Advisors LLC since August 2016 and Associate Portfolio Manager from December 2011 to August 2016. Mr. McAbee is a registered associated person and an NFA associate member since December 2012.
Alexander Ilyasov
Start Date
Tenure
Tenure Rank
Apr 08, 2019
1.4
1.4%
Alexander Ilyasov, ProShare Advisors: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. ProFund Advisors LLC: Senior Portfolio Manager since October 2013 and Portfolio Manager from November 2009 through September 2013. World Asset Management, Inc.: Portfolio Manager from January 2006 through November 2009. Ilyasov joined WAM’s predecessor entity in September 2005 as a member of its International Investment Team. Since joining in 2005, he has been involved in supporting WAM’s international equity product line.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 33.3 | 6.93 | 0.17 |