Predictable Allocation Mutual Fund: Ivy Balanced Fund (IBNAX)

Find Ivy Balanced Fund (IBNAX) review. This asset allocation mutual fund invests in stocks, bonds, and short term instruments. Also find the latest investment ads by Ivy Funds.

Investing in Ivy Funds

Ivy Funds provide variety of mutual funds. They offer asset allocation funds, domestic stock funds, global stock funds, sector stock funds, taxable bond funds, money market fund, and municipal bond funds. Some of these funds are top mutual funds. They also sponsor Sporting Kansas City in MLS soccer.

Recently, you can find an ad by Ivy Funds about Ivy Balanced Fund (IBNAX). The catch words include “Unpredictable World, Predictable Allocation.” Should you invest in this top mutual fund? Whether it is in your brokerage account, retirement account (IRA), or 401k plan, you need to find the fund details. Find the fund review below.

Investment Ad

Ivy Balanced Fund - IBNAX | Predictable Allocation Mutual FundIvy Balanced Fund (IBNAX) 
Unpredictable World
Predictable Allocation
The Ivy Balanced Fund pursues an uncomplicated approach to asset allocation. With a typical mix of about two-thirds U.S. equity and one-third fixed income, the Fund seeks to balance potential risk and reward in a complex world. Over the long term, this balance has translated to solid risk-adjusted ratings. 
Morningstar Ratings™ – Class A Shares, Aggressive Allocation Category 
Overall 5 stars out of 330 funds 
Class A Shares, Aggressive Allocation Category. 1-Year (3-stars out of 330), 5-Year (5-star out of 308), and 10-Year Morningstar Rating™ (5-star out of 123) as of 06/30/2013, based on risk-adjusted returns.
At Ivy Funds, we use a collaborative process – born of rigorous debate, hands-on research and a proven cross-disciplinary approach – to fully assess the opportunities we pursue on behalf of our investors every day. To learn more, visit 
Ivy Funds – The World Covered 
Past performance is not a guaranteed of future results. Investors should consider the investment objectives, risks, charges and expense of a fund carefully before investing. For a prospectus containing this and other information for the Ivy Funds, call your financial advisor or visit us online at Please read the prospectus or summary prospectus carefully before investing...

Ivy Balanced Fund Review

Ivy FundsManaged by Cynthia Prince-Fox since 2003, this Ivy Balanced Fund utilizes its assets to buy equities and debts. This asset allocation fund was introduced to public in 1987. It seeks to provide total return through a combination of capital appreciation and current income. It has 3-stars rating from Morningstar. The total net assets are $1.5 billion.

The class A fund has a sales load of 5.75%. The annual expense ratio is 1.17%. It also has annual holdings turnover as of November 10, 2013 of 35.00%. The yield is 0.59%. Other classes of this fund are:
  • Ivy Balanced A Load Waived (IBNAX.lw)
  • Ivy Balanced B (IBNBX)
  • Ivy Balanced C (IBNCX)
  • Ivy Balanced E (IVYEX)
  • Ivy Balanced I (IYBIX)
  • Ivy Balanced R (IYBFX)
  • Ivy Balanced Y (IBNYX)
This balanced mutual fund has recorded 20 years of positive return with the best 1-year total return in 1998 with 22.60%. The worst 1-year total return within 5 years of negative return was -19.47% in 2008. It uses the Large Growth investment style. The YTD return is 20.03%. The fund is currently on the 28th rank among its peers.

The top 5 equity holdings as of October 2013 are Limited Brands, Inc (2.3%), Anheuser-Busch InBev SA, ADR (2.2%), PNC Financial Services Group, Inc (1.7%), Boeing Company (1.7%) and Applied Materials Inc (1.7%). The top sector allocation is Consumer Discretionary (21.77%).

Investing Advice

  • Invest in no sales load fund such as Class I, Class R, or Class Y. With 5.75% sales load, class A fund is too expensive for long term investment.
  • Since the ad being advertised, Morningstar has adjusted its rating from 5 stars to 3 stars.


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