IBOAX : Ivy Securian Core Bond Fund Class A

Fund Summary

The investment seeks to provide current income consistent with preservation of capital. The fund invests at least 80% of its net assets in bonds (for this purpose, "bonds" includes any debt security with an initial maturity greater than one year). It invests in a variety of primarily investment-grade debt securities, which include corporate debt securities, residential and commercial mortgage-backed securities, debt securities issued or guaranteed by the U.S. government or any of its agencies or instrumentalities and other asset-backed securities. The fund may invest up to 20% of its total assets in non-investment grade debt securities.