IBNAX : Ivy Balanced Fund Class A

Fund Summary

The investment seeks to provide total return through a combination of capital appreciation and current income. The fund seeks to achieve its objective by investing primarily in a diversified mix of stocks, debt securities and short-term instruments, depending on market conditions. Regarding its equity investments, it invests primarily in medium to large, well-established companies, most of which pay a regular dividend. The fund invests at least 50% of its total assets in equity securities. It typically holds a limited number of stocks (generally 45 to 55), with the objective of providing potential capital appreciation and some dividend income.