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If you’re stuck searching for a mutual fund bond fund, check out Ivy High Income A (Wiax – free report) as a possibility. WHIAX has a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on a variety of predictive factors including size, cost, and past performance.
History of fund managers
WHIAX is part of the Delaware Investments family based in Philadelphia, Pennsylvania. Ivy High Income A made his debut in September 2003, and since then, WHIAX has amassed approximately $1.1 billion in assets, according to the latest available dates. The Fund’s current managers are a team of investment professionals.
performance
Of course, investors want strong performance from their funds. The fund has delivered an annualized total return of 2.47% over his five-year period, placing it in the bottom third of its category. Investors who prefer analysis over shorter time periods should note that the company’s three-year annualized total return is his 0.65%. This ranks in the bottom third within this period.
It is important to note that product returns do not reflect all costs. Unreflected fees reduce your revenue.Total return does not reflect the return of the fund [%] Sales commission. Total revenue would have been even lower if sales commissions had been included.
When looking at a fund’s performance, it’s also important to look at the standard deviation of returns. The lower the standard deviation, the lower the fund’s volatility. His WHIAX standard deviation over the past three years is 8.9%, compared to a category average of 13.38%. The fund’s standard deviation over the past five years is 10.8%, compared to the category average of 14.2%. This has resulted in the fund’s lower volatility relative to its peers over the past five years.
The fund has a beta of -0.11, meaning it is less volatile than the broad market index of bonds. Taking this into account, WHIAX has a positive alpha of 1.93, measuring risk-adjusted performance.
expenses
Cost is becoming increasingly important when investing in mutual funds, especially as competition in this market increases. And all things being equal, lower-priced products outperform otherwise identical products, so it’s important for investors to take a closer look at these metrics. In terms of fees, WHIAX is a load fund. The expense ratio is 1%, compared to the category average of 0.96%. In fact, considering factors such as cost, WHIAX is more expensive than other products.
The minimum initial investment in the product is $1,000, but investors should also note that each subsequent investment must be at least $100.
Fees charged by investment advisors are not taken into account. If they are included, there will be fewer returns.
conclusion
Overall, Ivy High Income A ( WHIAX ) has a poor Zacks Mutual Fund Rank, which combined with its relatively weak performance, average downside risk, and higher fees, makes Ivy High Income A ( WHIAX ) a moderately weak choice for investors. It looks like. now.
For more information about this product or to compare Mutual Fund Bonds with other mutual funds, please visit www.zacks.com/funds/mutual-funds for additional information. And don’t forget, Zacks has you covered on the stocks side too. Be sure to check out Zacks.com to learn more about our screening features, ranks, and all articles.
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