WLTAX : Ivy Limited-Term Bond Fund Class A

Fund Summary

The investment seeks to provide current income consistent with preservation of capital. The fund seeks to identify relative value opportunities between these sectors of the fixed-income market. Under normal circumstances, it invests at least 80% of its net assets in bonds with limited-term maturities; therefore, the fund seeks to maintain a dollar-weighted average maturity of not less than two years and not more than five years.