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Trending ETFs

Name

As of 07/11/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$152 M

0.00%

$0.00

0.46%

Vitals

YTD Return

0.0%

1 yr return

0.0%

3 Yr Avg Return

0.5%

5 Yr Avg Return

N/A

Net Assets

$152 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$1.0
$1.00
$1.00

Expenses

OPERATING FEES

Expense Ratio 0.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 07/11/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$152 M

0.00%

$0.00

0.46%

WRNXX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Ivy Government Money Market Fund
  • Fund Family Name
    Ivy Funds
  • Inception Date
    Jul 05, 2017
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kathleen Burst

Fund Description

Delaware Ivy Government Money Market Fund seeks to achieve its objective by investing, under normal circumstances, at least 99.5% of its total assets in: (1) debt securities issued or guaranteed by the US or certain US government agencies or instrumentalities (government securities), (2) repurchase agreements that are fully collateralized by cash and/or government securities, and/or (3) cash. The Fund also has adopted a policy to invest, under normal circumstances, at least 80% of its net assets in government securities and/or repurchase agreements that are fully collateralized by government securities. In contrast to the Fund’s 99.5% policy, the Fund’s 80% policy does not include cash or repurchase agreements collateralized by cash.

The Fund’s investments in government securities may include direct obligations of the US Treasury (Treasury) (such as Treasury bills, notes or bonds), obligations issued or guaranteed as to principal and interest (but not as to market value) by the US government, its agencies or instrumentalities, and mortgage-backed securities issued or guaranteed by government agencies or government-sponsored enterprises. The Fund considers repurchase agreements with the Federal Reserve Bank of New York to be government securities for purposes of the Fund’s investment policies.

The Fund seeks, as well, to maintain a net asset value (NAV) of $1.00 per share. The Fund maintains a dollar-weighted average maturity of 60 calendar days or less, a dollar-weighted average life of 120 calendar days or less, and the Fund invests only in securities with a remaining maturity of not more than 397 calendar days.

Delaware Management Company (Manager) selects securities for the Fund in compliance with the maturity, quality, diversification and liquidity requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended (Rule 2a-7). The Manager considers a number of factors in selecting securities for the Fund, including the credit quality of the particular issuer or guarantor of the security, along with the liquidity, maturity and yield.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses when buying securities to determine whether the security no longer offers adequate return or complies with Rule 2a-7. The Manager also may sell a security 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 Fund intends to continue to qualify as a “government money market fund,” as such term is defined in or interpreted under Rule 2a-7. “Government money market funds” are exempt from requirements that permit money market funds to impose liquidity fees and/or temporary redemption gates. While the Board may elect in the future to subject the Fund to liquidity fees or redemption gates, the Board has not elected to do so at this time and has no current intention to do so.

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WRNXX - Performance

Return Ranking - Trailing

Period WRNXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.1% 26.24%
1 Yr 0.0% -2.0% 0.4% 78.66%
3 Yr 0.5%* -0.2% 0.9% 46.45%
5 Yr N/A* 0.1% 1.2% N/A
10 Yr N/A* 0.1% 0.8% N/A

* Annualized

Return Ranking - Calendar

Period WRNXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 26.05%
2022 0.0% 0.0% 0.4% 27.15%
2021 0.0% 0.0% 2.0% 29.65%
2020 0.0% 0.0% 1.5% 27.82%
2019 N/A 0.0% 0.5% N/A

Total Return Ranking - Trailing

Period WRNXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.1% 26.24%
1 Yr 0.0% -5.7% 0.4% 75.84%
3 Yr 0.5%* -1.9% 0.9% 46.07%
5 Yr N/A* -1.0% 1.2% N/A
10 Yr N/A* -0.5% 0.8% N/A

* Annualized

Total Return Ranking - Calendar

Period WRNXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 26.05%
2022 0.0% 0.0% 0.4% 27.15%
2021 0.0% 0.0% 2.0% 29.65%
2020 0.0% 0.0% 1.5% 27.88%
2019 N/A 0.0% 0.5% N/A

NAV & Total Return History


WRNXX - Holdings

Concentration Analysis

WRNXX Category Low Category High WRNXX % Rank
Net Assets 152 M 136 K 281 B 97.61%
Number of Holdings 9 1 346 89.63%
Net Assets in Top 10 145 M -343 K 163 B 97.28%
Weighting of Top 10 100.00% 22.7% 100.0% 3.13%

Top 10 Holdings

  1. State Street Instl US Govt MMkt Premier 40.58%
  2. Overseas Private Investment Corporation 0.39% 22.38%
  3. Overseas Private Investment Corporation 0.39% 11.78%
  4. U.S. International Development Finance Corporation 0.36% 11.71%
  5. Overseas Private Investment Corporation 0.4% 11.34%
  6. United States Treasury Bills 0.14% 6.85%
  7. Overseas Private Investment Corporation 0.09% 6.10%
  8. United States Treasury Bills 0.09% 6.06%
  9. United States Treasury Bills 0.09% 5.52%
  10. United States Treasury Bills 0.09% 5.23%

Asset Allocation

Weighting Return Low Return High WRNXX % Rank
Bonds
59.42% 0.00% 74.44% 1.02%
Cash
40.58% 25.56% 100.00% 98.98%
Stocks
0.00% 0.00% 0.00% 26.53%
Preferred Stocks
0.00% 0.00% 0.00% 26.53%
Other
0.00% -1.67% 0.04% 27.21%
Convertible Bonds
0.00% 0.00% 21.22% 36.73%

Bond Sector Breakdown

Weighting Return Low Return High WRNXX % Rank
Government
51.90% 0.00% 51.90% 0.34%
Cash & Equivalents
40.58% 0.00% 100.00% 97.45%
Municipal
7.52% 0.00% 22.71% 2.55%
Derivative
0.00% 0.00% 0.00% 26.53%
Securitized
0.00% 0.00% 1.75% 27.89%
Corporate
0.00% 0.00% 100.00% 43.71%

Bond Geographic Breakdown

Weighting Return Low Return High WRNXX % Rank
US
59.42% 0.00% 72.86% 1.02%
Non US
0.00% 0.00% 3.45% 29.93%

WRNXX - Expenses

Operational Fees

WRNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.01% 1.58% 30.60%
Management Fee 0.35% 0.00% 0.50% 91.33%
12b-1 Fee N/A 0.00% 1.00% 4.31%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

WRNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WRNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% 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.

WRNXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

WRNXX - Distributions

Dividend Yield Analysis

WRNXX Category Low Category High WRNXX % Rank
Dividend Yield 0.00% 0.00% 3.88% 43.03%

Dividend Distribution Analysis

WRNXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Daily Monthly

Net Income Ratio Analysis

WRNXX Category Low Category High WRNXX % Rank
Net Income Ratio 0.02% -1.09% 1.67% 20.14%

Capital Gain Distribution Analysis

WRNXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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WRNXX - Fund Manager Analysis

Managers

Kathleen Burst


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Kathleen Burst is a member of Delaware Management Company's taxable fixed income portfolio management team, a role she assumed in June 2019. She is primarily responsible for short-term investments. Additionally, her responsibilities include executing trade strategies for the firm’s short-term trading desk, a role she has held since 1994. Previously, she spent seven years in the firm’s investment accounting and dealer services departments. She earned a bachelor’s degree in accounting and management from La Salle University.

Stephen Juszczyszyn


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Stephen M. Juszczyszyn Managing Director, Senior Portfolio Manager Stephen M. Juszczyszyn is a senior portfolio manager for Macquarie Investment Management Fixed Income (MFI), with primary responsibility for portfolio construction and asset allocation of structured products strategies. He is responsible for research analysis, trading, and portfolio management for MFI’s structured products including mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) across all core, core plus, multi-sector, limited-term, and insurance strategies. He became head of structured products in February 2019. Juszczyszyn has more than 25 years of experience as a fixed income portfolio manager, trader, and analyst specializing in structured products and has been with the firm for more than 20 years. He rejoined Macquarie Investment Management in March 2007 as a vice president and senior structured products analyst / trader and previously worked at the firm from 1991 to 2001, leaving as a senior fixed income trader and assistant portfolio manager. Prior to rejoining the firm, he worked at Sovereign Bank Capital Markets as the director of fixed income trading. He earned his bachelor’s degree in finance from La Salle University and an MBA with a concentration in finance from Saint Joseph’s University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 14.8 13.09