Ivy Funds - Quarterly Fund Commentary

Quarterly Fund Commentary

Click on the fund name to access current portfolio manager comments on each market sector, portfolio strategy and near-term outlook. This commentary is updated each quarter.

Please select a fund family

Specialty Funds
Asset Strategy Fund
Asset Strategy New Opportunities
Balanced Fund
Energy Fund
Global Natural Resources Fund
Real Estate Securities Fund
Science and Technology Fund

Domestic Equity Funds
Capital Appreciation Fund
Core Equity Fund
Dividend Opportunities Fund
Large Cap Growth Fund
Micro Cap Growth
Mid Cap Growth Fund
Small Cap Growth Fund
Small Cap Value Fund
Value Fund

Tax-Managed Funds
Tax Managed Equity Fund

Global/International
Cundill Global Value Fund
European Opportunities Fund
International Balanced Fund
International Core Equity Fund
International Growth Fund
Managed European/Pacific Fund
Managed International Opportunities Fund
Pacific Opportunities Fund

Fixed Income Funds
Bond Fund
Global Bond Fund
High Income Fund
Limited-Term Bond Fund
Mortgage Securities Fund
Municipal Bond Fund
Municipal High Income

Specialty Funds

Asset Strategy Fund

Asset Strategy New Opportunities

Balanced Fund

Energy Fund

Global Natural Resources Fund

Real Estate Securities Fund

Science and Technology Fund

Domestic Equity Funds

Capital Appreciation Fund

Core Equity Fund

Dividend Opportunities Fund

Large Cap Growth Fund

Micro Cap Growth

Mid Cap Growth Fund

Small Cap Growth Fund

Small Cap Value Fund

Value Fund

Tax-Managed Funds

Tax Managed Equity Fund

Global/International

Cundill Global Value Fund

European Opportunities Fund

International Balanced Fund

International Core Equity Fund

International Growth Fund

Managed European/Pacific Fund

Managed International Opportunities Fund

Pacific Opportunities Fund

Fixed Income Funds

Bond Fund

Global Bond Fund

High Income Fund

Limited-Term Bond Fund

Mortgage Securities Fund

Municipal Bond Fund

Municipal High Income

Past performance is no guarantee of future results. The Ivy Funds are managed by Ivy Investment Management Company and distributed by its subsidiary, Ivy Funds Distributor, Inc. Waddell & Reed Financial, Inc., the ultimate parent company of Ivy Funds Distributor, Inc., acquired the investment advisor to the Ivy Funds in December 2002.

The products and services described in this website are offered only in the United States, Puerto Rico and the U.S. Virgin Islands. Nothing in this website should be considered a solicitation to buy or an offer to sell such products and services in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Ivy Funds distributed by Ivy Funds Distributor, Inc. and Waddell & Reed InvestEd Portfolios distributed by Waddell & Reed, Inc. are offered by prospectus only.

Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. For a prospectus containing this and other information for the Ivy Funds, call your financial advisor or click here. Please read the prospectus carefully before investing.