Ivy High Income Opportunities (IVH)

11.94 -0.10  -0.83% NYSE Aug 3, 16:59 USD
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Key Stats

Net Asset Value 13.40
Discount or Premium to NAV -10.15%
Turnover Ratio 34.00%
1 Year Fund Level Flows -18.09M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 8.05% 6.07% 4.45% 15
3M 18.25% 15.48% 13.39% 33
6M -8.10% -6.72% -5.39% 70
YTD -8.05% -6.48% -5.09% 73
1Y -2.92% -4.26% -2.10% 78
3Y 0.08% 1.64% 2.84% 80
5Y 6.97% 4.48% 5.03% 80
10Y -- -- 7.27% --
15Y -- -- 6.78% --
20Y -- -- 6.75% --
As of July 31, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 8.44% 8.44% 0.00%
Stock 0.84% 0.84% 0.00%
Bond 89.21% 131.0% 41.83%
Convertible 0.01% 0.01% 0.00%
Preferred 1.47% 1.47% 0.00%
Other 0.04% 0.04% 0.00%
As of June 30, 2020

Region Exposure

Americas 91.01%
North America 77.39%
Latin America 13.62%
Greater Europe 7.49%
United Kingdom 0.44%
Europe Developed 7.04%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 1.51%
Japan 0.00%
Australasia 0.00%
Asia Developed 1.51%
Asia Emerging 0.00%
Market Classification
% Developed Markets 84.88%
% Emerging Markets 15.12%
As of June 30, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

IVH Bond Exposure

Government 0.00%
Corporate 94.01%
Securitized 0.00%
Municipal 0.00%
Cash 5.99%
Derivative 0.00%
As of June 30, 2020

IVH Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.00%
BBB 0.10%
BB 11.10%
B 50.10%
Below B 31.20%
Not Rated 7.50%
As of June 30, 2020

IVH Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.28%
183 to 364 Days 0.31%
1 to 3 Years 8.95%
3 to 5 Years 33.20%
5 to 7 Years 45.65%
7 to 10 Years 11.60%
10 to 15 Years 0.00%
15 to 20 Years 0.00%
20 to 30 Years 0.00%
Over 30 Years 0.01%
As of June 30, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- Issued Debt Pershing (Bny) -41.83% -- --
-- VTR Finance N.V. 6.88% 4.02% -- --
-- Frontier Communications Corporation 8.5% 3.82% -- --
-- Laureate Education, Inc. 8.25% 3.51% -- --
-- U.S. Renal Care Inc. (3-Month Ice Libor Plus 500 Bps) 3.36% -- --
-- Digicel Holdings Bermuda Ltd / Digicel International Finance Ltd 8.75% 3.23% -- --
-- OLYMPUS MERGER SUB INC 8.5% 2.69% -- --
-- West Corp. (3-Month Ice Libor Plus 400 Bps) 2.66% -- --
-- Staples, Inc. 7.5% 2.61% -- --
-- Altice France Holdings S A 10.5% 2.43% -- --
As of June 30, 2020
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Basic Info

Investment Strategy
The Fund normally invests at least 80% of its Managed Assets in a portfolio of U.S. and foreign bonds, loans and other fixed income instruments that are, at the time of purchase, rated below investment grade. Its investments will primarily consist of predominantly high yield bonds and/or secured loans, though they may also include debentures, notes, commercial paper and investment grade bonds. It may invest up to 100% of its Managed Assets in fixed income instruments and securities issued by foreign issuers, and up to 25% of Managed Assets in fixed income instruments of issuers in emerging markets.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Ivy Funds
Reports
One Page Report Download

Manager Info

Name Tenure
William Nelson 6.59 yrs

Net Fund Flows

1M -1.256M
3M -4.530M
6M -9.031M
YTD -1.256M
1Y -18.09M
3Y -56.80M
5Y --
10Y --
As of Jan. 31, 2018

Risk Info

Beta (5Y) 0.8998
Max Drawdown (All) 43.26%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.2065
30-Day Rolling Volatility 14.35%
Daily Value at Risk (VaR) 1% (All) 2.72%
Monthly Value at Risk (VaR) 1% (All) 19.70%

Fundamentals

Dividend Yield TTM (8-3-20) 10.05%
30-Day SEC Yield (6-30-18) 8.20%
7-Day SEC Yield --
Current Yield 7.58%
Yield to Maturity --
Effective Duration --
Average Coupon 7.18%
Average Credit Score 17.00 (B)
Average Price 93.63
Number of Holdings 240
As of June 30, 2020

Comparables

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Attributes

Key Dates
Inception Date 5/29/2013
Termination Date
Last Annual Report Date 9/30/2019
Last Prospectus Date 5/28/2013
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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