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Fund Times

Ivy High Income Continues to Face Challenges

Instability in the management team and an overly voracious risk appetite result in a Negative Analyst Rating for this high-yield fund.


The following is our latest Fund Analyst Report for Ivy High Income (IVHIX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Ivy High Income's Negative Morningstar Analyst Rating reflects the challenges this team has had since management changes in 2014. Though the team has shown some signs of stability since then, it still needs to show it can control the portfolio's voracious appetite for risk through a full credit cycle.

Sumit Desai, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.