Ivy Mid Cap Income Opportunities E
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-13.0%
1 yr return
-6.7%
3 Yr Avg Return
2.6%
5 Yr Avg Return
4.8%
Net Assets
$773 M
Holdings in Top 10
33.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.18%
SALES FEES
Front Load 2.50%
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IVOEX - Profile
Distributions
- YTD Total Return -13.0%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.88%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameIvy Mid Cap Income Opportunities Fund
-
Fund Family NameIvy Funds
-
Inception DateOct 01, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
Delaware Ivy Mid Cap Income Opportunities Fund seeks to achieve its objective by investing primarily in a diversified portfolio of income-producing common stocks of mid-capitalization companies that the Manager believes demonstrate favorable prospects for total return. Under normal circumstances, the Fund invests at least 80% of its net assets in the securities of mid-capitalization companies, which for purposes of this Fund, typically are companies with market capitalizations similar to those of issuers included in the Russell Midcap®Index over the last 13 months at the time of acquisition. As of June 30, 2022 (the quarter-end closest to the Index’s rebalance), this range of market capitalizations was between approximately [$925.30 million and $58.40 billion]. The Fund focuses primarily on mid-capitalization companies that the Manager believes have the ability to sustain, and potentially increase, dividends while providing capital appreciation over the long-term. The Fund also may invest, to a lesser extent, in companies that pay other types of income to shareholders, including return of capital.
In selecting securities for the Fund, the Manager primarily emphasizes a bottom-up (researching individual issuers) approach and may look at a number of factors in its consideration of a company, such as: competitive and sustainable dividend yield; potential growth in dividends; strong financial and operational capabilities; stable and consistent revenue, earnings, and cash flow; a sound balance sheet; market potential; profit potential and a proven track record of, or the potential for, returning capital to shareholders. Part of the Manager’s investment process also includes a review of the macroeconomic environment, with a focus on factors such as interest rates, inflation, consumer confidence and corporate spending.
The Fund typically will hold a limited number of stocks (generally 35 to 50). The Fund will emphasize investments in dividend-paying and other income-producing securities to seek to provide a steady return. The Fund’s portfolio holdings generally will be of approximate equal weight, but the Manager may adjust the weighting depending upon market conditions, for investment opportunities, or when the Manager adds or divests certain positions. The Manager intends to re-balance the Fund’s portfolio holdings at least quarterly in an effort to maintain an approximate equal weighting.
Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities of that type. For example, the Manager may sell a security if it believes the security is no longer able to pay a dividend in the future, no longer offers attractive current income prospects or significant growth potential or if there have been changes in economic or market factors in general or with respect to a particular industry or sector, changes in the market trends or other factors affecting an individual security. The Manager also may sell a security to rebalance the portfolio, to reduce the Fund’s holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
The Manager may permit its affiliates, Macquarie Investment Management Global Limited (MIMGL) and Macquarie Funds Management Hong Kong Limited, to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.
IVOEX - Performance
Return Ranking - Trailing
Period | IVOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -13.0% | -31.2% | 490.9% | 14.13% |
1 Yr | -6.7% | -92.8% | 537.3% | 6.99% |
3 Yr | 2.6%* | -57.9% | 76.9% | 2.29% |
5 Yr | 4.8%* | -39.4% | 46.0% | 4.21% |
10 Yr | N/A* | -18.6% | 9.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | IVOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 24.1% | -92.4% | 35.0% | 39.24% |
2022 | -7.9% | -36.8% | -7.9% | 0.56% |
2021 | 10.6% | -16.5% | 19.3% | 22.53% |
2020 | 21.4% | -14.6% | 28.1% | 8.65% |
2019 | -5.2% | -36.5% | 0.2% | 13.76% |
Total Return Ranking - Trailing
Period | IVOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -13.0% | -31.2% | 490.9% | 14.13% |
1 Yr | -6.7% | -92.8% | 537.3% | 6.99% |
3 Yr | 4.3%* | -57.7% | 82.3% | 1.15% |
5 Yr | 6.3%* | -39.0% | 48.7% | 4.85% |
10 Yr | N/A* | -18.4% | 10.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | IVOEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 24.1% | -92.4% | 35.0% | 39.24% |
2022 | -4.3% | -32.7% | -4.1% | 0.84% |
2021 | 12.1% | 0.5% | 26.9% | 57.10% |
2020 | 22.5% | -2.5% | 29.0% | 14.42% |
2019 | -3.5% | -25.7% | 5.0% | 28.86% |
IVOEX - Holdings
Concentration Analysis
IVOEX | Category Low | Category High | IVOEX % Rank | |
---|---|---|---|---|
Net Assets | 773 M | 708 K | 18.4 B | 42.89% |
Number of Holdings | 36 | 9 | 2446 | 95.53% |
Net Assets in Top 10 | 203 M | 157 K | 2.63 B | 43.95% |
Weighting of Top 10 | 33.46% | 5.9% | 99.7% | 12.37% |
Top 10 Holdings
Asset Allocation
Weighting | Return Low | Return High | IVOEX % Rank | |
---|---|---|---|---|
Stocks | 97.94% | 81.07% | 100.37% | 56.05% |
Cash | 2.06% | -0.37% | 12.68% | 44.21% |
Preferred Stocks | 0.00% | 0.00% | 1.66% | 13.16% |
Other | 0.00% | 0.00% | 4.49% | 14.47% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 12.11% |
Bonds | 0.00% | 0.00% | 4.59% | 15.79% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IVOEX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 24.09% | 1.30% | 26.20% | 1.84% |
Industrials | 21.53% | 0.00% | 28.07% | 10.26% |
Financial Services | 17.98% | 0.00% | 36.00% | 50.53% |
Technology | 15.78% | 0.00% | 23.80% | 7.37% |
Basic Materials | 6.82% | 0.00% | 21.15% | 21.58% |
Healthcare | 6.00% | 0.00% | 26.85% | 83.16% |
Real Estate | 2.48% | 0.00% | 19.27% | 88.68% |
Consumer Defense | 2.34% | 0.00% | 24.76% | 96.58% |
Communication Services | 2.03% | 0.00% | 22.88% | 59.21% |
Energy | 0.94% | 0.00% | 17.69% | 93.16% |
Utilities | 0.00% | 0.00% | 14.35% | 89.74% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IVOEX % Rank | |
---|---|---|---|---|
US | 92.12% | 80.50% | 99.45% | 77.11% |
Non US | 5.82% | 0.00% | 18.29% | 23.16% |
IVOEX - Expenses
Operational Fees
IVOEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.18% | 0.05% | 43.95% | 47.55% |
Management Fee | 0.85% | 0.00% | 1.20% | 90.00% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 29.31% |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
IVOEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.50% | 2.50% | 5.75% | 100.00% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
IVOEX 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.
IVOEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 25.00% | 6.00% | 204.00% | 16.18% |
IVOEX - Distributions
Dividend Yield Analysis
IVOEX | Category Low | Category High | IVOEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 12.10% | 14.74% |
Dividend Distribution Analysis
IVOEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
IVOEX | Category Low | Category High | IVOEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.88% | -0.89% | 2.82% | 10.34% |
Capital Gain Distribution Analysis
IVOEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 14, 2019 | $0.031 | |
Sep 13, 2018 | $0.056 | |
Jun 14, 2018 | $0.051 | |
Mar 15, 2018 | $0.030 | |
Dec 14, 2017 | $0.115 | |
Sep 14, 2017 | $0.044 | |
Jun 15, 2017 | $0.014 | |
Mar 16, 2017 | $0.008 | |
Dec 08, 2016 | $0.070 | |
Sep 15, 2016 | $0.036 | |
Jun 16, 2016 | $0.011 | |
Sep 10, 2015 | $0.041 | |
Jun 11, 2015 | $0.042 | |
Mar 12, 2015 | $0.016 |