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Ivy VIP Government Money Market

  • NAV
  • — / — Daily NAV Change
  • YTD (NAV)

Summary

Overview

The Portfolio seeks to achieve its objective by investing under normal circumstances, at least 99.5% of its total assets in: (1) debt securities issued or guaranteed by the U.S. government or certain U.S. government agencies or instrumentalities (government securities), (2) repurchase agreements that are fully collateralized by cash and/or government securities, and/or (3) cash. The Portfolio seeks, as well, to maintain a net asset value (NAV) of $1.00 per share.

Daily Net Shareholder Flows

Daily Liquid Assets

Weekly Liquid Assets

Six Month Historical Shadow Nav-Daily

Portfolio Management

Mira Stevovich, CFA

  • Ivy Investment Management Company
  • 19 Years with Fund
  • 30 Years in Industry
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Mira Stevovich is Vice President of IICO and WRIMCO, Vice President and Assistant Treasurer of Ivy Funds and Vice President and Assistant Treasurer of other investment companies for which IICO and WRIMCO serve as investment manager. Ms. Stevovich has served as the Portfolio Manager for investment companies managed by WRIMCO since May 1998 and has been an employee of WRIMCO and its predecessor since March 1987. Ms. Stevovich earned a BA degree from Colorado Womens College. She holds an MA degree in Soviet and East European Studies and an MBA degree from the University of Kansas. Ms. Stevovich is a Chartered Financial Analyst.

Daily Prices

Net Asset Value (NAV)
Daily NAV Change ($)
Weekly NAV Change ($)
Public Offering Price (POP)

Fund Facts

CUSIP 46600H836
Fund Code 853
Fund Type Fixed Income Funds
Fiscal Year End December
Dividends Paid Daily, Paid Monthly
Fund Assets (as of 3/31/2017) $413.7 mil
Total Holdings (as of 3/31/2017) 64
Lipper Category VA Money Market Funds
Morningstar Category Money Market-Taxable

Performance

Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Performance data quoted does not reflect any expenses or charges associated with owning a variable life insurance policy or variable annuity contract that invests in the Portfolio's shares. When such charges are deducted, actual investment performance in a variable annuity will be lower.

Monthly Rates of Return

Average Annual Total Returns as of 3/31/2017
(Returns for periods of less than 1-yr are not annualized)
 
Lipper VA Money Market Funds 0.04% 0.08% 0.03% 0.03% 0.64% 3.13%
Fund at NAV 0.06% 0.19% 0.08% 0.05% 0.70% 3.14%

Quarterly Rates of Return

Average Annual Total Returns as of 3/31/2017
(Returns for periods of less than 1-yr are not annualized)
 
Lipper VA Money Market Funds 0.04% 0.08% 0.03% 0.03% 0.64% 3.13%
Fund at NAV 0.06% 0.19% 0.08% 0.05% 0.70% 3.14%

Calendar Year Return

  2012
Class II 0.02 0.02 0.02 0.02 0.13

Lipper Ranking through 3/31/2017

Category: VA Money Market Funds
 
Rankings are based on average annual total returns, but do not consider sales charges.
1 Year 9/63 15
3 Year 8/63 13
5 Year 9/62 15
10 Year 13/58 23

Expense Ratios as of 4/28/2017

Net
Gross

Distributions

Historical Prices Inception

No results found.

Historical Distributions Inception

No results found.

*Special Dividend
The table includes the daily prices at NAV (net asset value) for the history of this fund's selected share class. NAV is the amount per share you would receive if you sold shares that day.

Portfolio

Top 10 Holdings as a % of net assets 3/31/2017

Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.9%, 4/7/2017 4.57%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.9%, 4/7/2017 4.54%
Federal Home Loan Bank, 0.5%, 4/20/2017 4.49%
U.S. Treasury Bills, 0.5%, 4/13/2017 4.13%
U.S. Treasury Notes, 1.0%, 7/31/2018 4.04%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.8%, 4/7/2017 3.78%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.8%, 4/7/2017 3.70%
Federal Home Loan Bank, 0.7%, 7/26/2017 3.51%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.9%, 4/7/2017 3.51%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate), 0.9%, 4/7/2017 3.47%

Total Portfolio Holdings

Updated quarterly, upon availability.

Total Portfolio Holdings Updated as of (3/31/2017)

Maturity
Weighted Average Maturity 20 days
Weighted Average Life Maturity 55 days
View current date or select previous month
Form N-MFP Link1
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 18900000.00 18900000.00 4.57%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 18800000.00 18800000.00 4.54%
Federal Home Loan Bank 0.54% 4/20/2017 4/20/2017 U.S. Government Agency Debt 18600000.00 18594405.00 4.49%
U.S. Treasury Bills 0.46% 4/13/2017 4/13/2017 U.S. Treasury Debt 17100000.00 17097179.00 4.13%
U.S. Treasury Notes 0.96% 7/31/2018 4/03/2017 U.S. Treasury Debt 16700000.00 16699256.00 4.04%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.82% 4/07/2017 4/07/2017 U.S. Government Agency Debt 15638568.00 15638568.00 3.78%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.82% 4/07/2017 4/07/2017 U.S. Government Agency Debt 15314265.00 15314265.00 3.70%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 14500000.00 14500000.00 3.51%
Federal Home Loan Bank 0.69% 7/26/2017 7/26/2017 U.S. Government Agency Debt 14500000.00 14500000.00 3.51%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 14360802.00 14360802.00 3.47%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.82% 4/07/2017 4/07/2017 U.S. Government Agency Debt 13067905.00 13067905.00 3.16%
U.S. Treasury Bills 0.74% 4/27/2017 4/27/2017 U.S. Treasury Debt 10000000.00 9994439.00 2.42%
NYC Hsng Dev Corp., Multi-Fam Mtg Rev Bonds (Spring Creek Apt I and II), Ser 2006A (GTD by FHLMC) (BVAL plus 14 bps) 0.84% 4/07/2017 4/07/2017 Variable Rate Demand Note 9600000.00 9600000.00 2.32%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 9086957.00 9086957.00 2.20%
U.S. Treasury Bills 0.75% 6/22/2017 6/22/2017 U.S. Treasury Debt 9000000.00 8984420.00 2.17%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 8928302.00 8928302.00 2.16%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 8000000.00 8000000.00 1.93%
U.S. Treasury Notes 0.95% 10/31/2018 4/03/2017 U.S. Treasury Debt 8000000.00 8000000.00 1.93%
U.S. Treasury Notes 0.95% 10/31/2017 4/03/2017 U.S. Treasury Debt 8000000.00 7992371.00 1.93%
Federal Home Loan Bank 0.64% 5/23/2017 5/23/2017 U.S. Government Agency Debt 7700000.00 7692771.00 1.86%
NY State Hsng Fin Agy, Related 42nd and 10th HsngRev Bonds, Ser 2010A (GTD by FHLMC) (BVAL plus 14 bps) 0.84% 4/07/2017 4/07/2017 Variable Rate Demand Note 7500000.00 7500000.00 1.81%
U.S. Treasury Bills 0.81% 9/07/2017 9/07/2017 U.S. Treasury Debt 7500000.00 7473169.00 1.81%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 6500000.00 6500000.00 1.57%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.82% 4/07/2017 4/07/2017 U.S. Government Agency Debt 6410256.00 6410256.00 1.55%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.82% 4/07/2017 4/07/2017 U.S. Government Agency Debt 6163614.00 6163614.00 1.49%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 6075000.00 6075000.00 1.47%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 5678160.00 5678160.00 1.37%
Federal Home Loan Bank 0.75% 8/23/2017 8/23/2017 U.S. Government Agency Debt 5500000.00 5500000.00 1.33%
NY State Hsng Fin Agy, Related 42nd and 10th HsngRev Bonds, Ser 2008A (GTD by FHLMC) (BVAL plus 14 bps) 0.84% 4/07/2017 4/07/2017 Variable Rate Demand Note 5500000.00 5500000.00 1.33%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 5452174.00 5452174.00 1.32%
Federal Home Loan Bank 0.45% 4/03/2017 4/03/2017 U.S. Government Agency Debt 5385000.00 5384865.00 1.30%
U.S. Treasury Bills 0.77% 6/29/2017 6/29/2017 U.S. Treasury Debt 5000000.00 4990358.00 1.21%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 4925294.00 4925294.00 1.19%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 4895530.00 4895530.00 1.18%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 4366667.00 4366666.00 1.06%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 4225000.00 4225000.00 1.02%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 4210156.00 4210156.00 1.02%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 4082368.00 4082368.00 0.99%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 3924528.00 3924528.00 0.95%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 3775600.00 3775600.00 0.91%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 3368400.00 3368400.00 0.81%
Volusia Cnty, FL, Hsng Fin Auth, Multi-Fam Hsng Rev Rfdg Bonds (Fisherman's Landing Apt), Ser 2002 (GTD by FNMA) (BVAL plus 20 bps) 0.90% 4/07/2017 4/07/2017 Variable Rate Demand Note 3215000.00 3215000.00 0.78%
CA Statewide Cmnty Dev Auth, Multifam Hsng Rev Bonds (Wyndover Apts), Ser 2004 LL (GTD by FNMA) (BVAL plus 10 bps) 0.85% 4/07/2017 4/07/2017 Variable Rate Demand Note 3000000.00 3000000.00 0.72%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 2948059.00 2948059.00 0.72%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 2887200.00 2887200.00 0.70%
NYC Hsng Dev Corp., Multi-Fam Mtg Rev Bonds (Markham Gardens Apt), Ser 2006A (GTD by FHLMC) (BVAL plus 14 bps) 0.84% 4/07/2017 4/07/2017 Variable Rate Demand Note 2800000.00 2800000.00 0.68%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.82% 4/07/2017 4/07/2017 U.S. Government Agency Debt 2653846.00 2653846.00 0.64%
San Diego, CA, Hsng Auth, Var Rate Demand Multi-Fam Hsng Rev Rfdg Bonds (Hillside Garden Apt), Ser 2004C (GTD by FNMA) (BVAL plus 13 bps) 0.83% 4/07/2017 4/07/2017 Variable Rate Demand Note 2480000.00 2480000.00 0.60%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 2116224.00 2116224.00 0.51%
U.S. Treasury Bills 0.52% 5/11/2017 5/11/2017 U.S. Treasury Debt 2000000.00 1998811.00 0.48%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1982190.00 1982190.00 0.48%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1970118.00 1970118.00 0.48%
Toyota Motor Credit Corp. 1.19% 4/05/2017 4/05/2017 Variable Rate Demand Note 1968000.00 1968000.00 0.48%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.88% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1920719.00 1920719.00 0.46%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1800000.00 1800000.00 0.44%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1800000.00 1800000.00 0.44%
RI Hsng and Mtg Fin Corp., Multi-Fam Mtg Rev Bonds (The Groves at Johnson Proj), Ser 2006 (GTD by FHLMC) (BVAL plus 14 bps) 0.84% 4/07/2017 4/07/2017 Variable Rate Demand Note 1700000.00 1700000.00 0.41%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1663254.00 1663254.00 0.40%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1500000.00 1500000.00 0.36%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1500000.00 1500000.00 0.36%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1500000.00 1500000.00 0.36%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.90% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1468659.00 1468659.00 0.35%
Overseas Private Investment Corp. (GTD by U.S. Government) (3-Month U.S. TB Rate) 0.87% 4/07/2017 4/07/2017 U.S. Government Agency Debt 1102946.00 1102946.00 0.27%
Minneapolis, MN, Hsng Dev, Rfdg Rev Bonds (One Ten Grant Proj), Ser 1989 (GTD by FNMA) (BVAL plus 8 bps) 0.90% 4/07/2017 4/07/2017 Variable Rate Demand Note 1000000.00 1000000.00 0.24%

1 Form N‐MFP is filed monthly with the Securities and Exchange Commission (SEC) and contains additional information about each money market fund and its portfolio holdings. Form N‐MFP is available on the SEC's website sixty days following the applicable month's filing and a link has been provided for your convenience to access the historical filings.

Total Portfolio Holdings

Updated quarterly, upon availability.

Documents

You could lose money by investing in Ivy VIP Government Money Market. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio’s sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time.

Risk Factors: Interest rate increases can cause the price of a money market security to decrease. A decline in the credit quality of an issuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money market security to decrease. Fund shares are not guaranteed by the US Government.

Prior to October 14, 2016, the Ivy VIP Government Money Market Fund was known as the Ivy VIP Money Market Fund. Effective October 14, 2016, the Portfolio changed its name and investment strategy to reflect that it is classified as a “government money market fund.” Performance prior to October 14, 2016 reflects the Portfolio’s former investment strategy as a prime money market fund, which permitted investments in certain types of securities that, as a government money market fund, the Portfolio is no longer permitted to hold.

Daily Net Shareholder Flows: Shows daily net shareholder flows (inflows minus outflows) over the last six months for the fund.

Daily Liquid Assets: Regulations require that a money market mutual fund hold at least 10% of its total assets in daily liquid assets that can be readily converted to cash in one business day. The graph shows the percentage of daily liquid assets over the last six months for the fund.

Weekly Liquid Assets: Regulations require that a money market mutual fund hold at least 30% of its total assets in weekly liquid assets that can be readily converted to cash in five business days. The graph shows the percentage of weekly liquid assets over the last six months for the fund.

Six Month Historical Shadow NAV - Daily: Money market funds that transact at a stable price are required by the Securities and Exchange Commission (SEC) to report instances on Form N-CR when the Fund’s current NAV per share deviates downward from its intended stable price of $1.00 by more than ¼ of 1 percent, $0.9975. The red line in the chart shows where a report would be required, compared with the historical NAV per share of the fund.

Annuities are long-term financial products designed for retirement purposes. Annuity and life insurance guarantees are based on the financial strength and claims-paying ability of the issuing insurance company. The guarantees have no bearing on the performance of a variable investment option. Variable investment options are subject to market risk, including loss of principal. There are charges and expenses associated with annuities and variable life insurance products, including mortality and expense risk charges, management fees, administrative fees, expenses for optional riders and deferred sales charges for early withdrawals. Withdrawals before age 59 1/2 may be subject to a 10% IRS tax penalty and surrender charges may apply.

Original shares of the Portfolio were renamed Class II shares on April 28, 2017.

Pricing: All prices and year-to-date returns are based on closing quotes unless noted, as supplied to the NASDAQ by 6:00 p.m. Eastern time. YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

Style Analysis: The Morningstar Style Box reveals a fund's investment style. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration. Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by the following Nationally Recognized Statistical Rating Organizations (NRSROs): Moody's, Standard & Poor's, Fitch, and Egan-Jones. If two NRSROs have rated a security, fund companies are to report the lowest rating; if three or more NRSROs have rated the same security differently, fund companies are to report the rating that is in the middle. For example, if NRSRO X rates a security AA-, NRSRO Y rates the same security an A and NRSRO Z rates it a BBB+, the fund company should use the credit rating of 'A' in its reporting to Morningstar. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time. For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high" based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than equal to 6 years; (iii) Extensive: greater than 6 years.

7-Day Annualized Yield: represents past performance and future yields will vary. Principal is not guaranteed. The annualized 7-day yield is calculated based on the income generated by an investment in the fund over a seven-day period and is expressed as an annual percentage rate. The yield quotation more closely reflects the current earnings of the fund than the total return quotation.

Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers. The adviser and its affiliates have or may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (12b-1) fees) and reimburse certain expenses. There is no guarantee that the fund will avoid a negative yield. Such undertaking may be amended or withdrawn at any time.

12-Month Trailing Distribution Yield: at NAV refers to the 12-month historical cash flow paid over the past 12 months in dividends, divided by the past months ending NAV.

Information is subject to change and is not intended to represent any past or future investment recommendations.

Please remember that an investment in a mutual fund involves risk. Investment return and principal value of a mutual fund investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.

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