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WLTYX - Ivy Limited-Term Bond Y

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Ivy Limited-Term Bond Y (WLTYX)
Expense Ratio: 0.93%
Expected Lifetime Fees: $27,895.62


The Ivy Limited-Term Bond Y fund (WLTYX) is a Short-Term Bond fund started on 12/4/1995 and has $1.50 billion in assets under management. The current manager has been running Ivy Limited-Term Bond Y since 09/8/2008. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

Vanguard Short-Term Bond ETF (BSV)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26


The Vanguard Short-Term Bond ETF (BSV) is an Exchange Traded Fund. It is a "basket" of securities that index the Short-Term Bond investment strategy and is an alternative to a Short-Term Bond mutual fund. Fees are very low compared to a comparable mutual fund like Ivy Limited-Term Bond Y because computers automatically manage the stocks.



The Following Short-Term Bond Funds Have Lower Fees Than Ivy Limited-Term Bond Y (WLTYX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBern Short Duration A ADPAX 99.0% 586 0.92%
American Beacon Short Term Bond Fund Class Y ACOYX 65.0% 184 0.64%
American Beacon Short-Term Bd Instl AASBX 65.0% 184 0.38%
American Beacon Shrt-Trm Bd Inv AALPX 65.0% 184 0.79%
American Century Short Duration A ACSQX 100.0% 415 0.86%
American Century Short Duration Instl ACSUX 100.0% 415 0.41%
American Century Short Duration Inv ACSNX 100.0% 415 0.61%
American Funds Interm Bd Fd of Amer F-1 IBFFX 80.0% 9,600 0.65%
American Funds Interm Bd Fd of Amer F-2 IBAFX 80.0% 9,600 0.34%
American Funds Interm Bd Fd of Amer R4 RBOEX 80.0% 9,600 0.65%
American Funds Interm Bd Fd of Amer R5 RBOFX 80.0% 9,600 0.35%
American Funds Interm Bd Fd of Amer R6 RBOGX 80.0% 9,600 0.30%
American Funds Interm Bond Fd of Amer A AIBAX 80.0% 9,600 0.60%
American Funds ST Bd Fd of Amer F-1 ASBFX 44.0% 4,200 0.69%
American Funds ST Bd Fd of Amer F-2 SBFFX 44.0% 4,200 0.40%
American Funds ST Bd Fd of America A ASBAX 44.0% 4,200 0.63%
American Funds ST Bd Fd of America R4 RAMEX 44.0% 4,200 0.71%
American Funds ST Bd Fd of America R5 RAMFX 44.0% 4,200 0.41%
American Funds ST Bd Fd of America R6 RMMGX 44.0% 4,200 0.36%
Baird Short-Term Bond Inst BSBIX 61.1% 1,100 0.30%
Bernstein Short Duration Plus SNSDX 99.0% 586 0.60%
BlackRock Low Duration Bd Instl BFMSX 280.0% 2,200 0.55%
BlackRock Low Duration Bd Inv A BLDAX 280.0% 2,200 0.81%
BlackRock Low Duration Bd Inv A BLDTZ 280.0% 2,200 0.81%
BlackRock Low Duration Bd Svc CMGBX 280.0% 2,200 0.85%
Calvert Short Duration Income Fund Class I CDSIX 263.0% 2,100 0.49%
Calvert Short Duration Income Y CSDYX 263.0% 2,100 0.79%
Cavanal Hill Short Term Inc Inv APSTX 36.0% 106 0.73%
Columbia Limited Duration Credit A ALDAX 113.0% 1,000 0.84%
Columbia Limited Duration Credit Fund Class R4 CLDRX 113.0% 1,000 0.78%
Columbia Short Term Bond A NSTRX 76.0% 2,800 0.74%
Columbia Short Term Bond fund Class R4 CBRFX 76.0% 2,800 0.75%
Columbia Short Term Bond Z NSTMX 76.0% 2,800 0.49%
Delaware Limited-Term Diversified Inc A DTRIX 333.0% 2,400 0.82%
Delaware Limited-Term Diversified Inc I DTINX 333.0% 2,400 0.67%
DFA Short-Term Extended Quality Portfolio Institutional Class DFEQX 17.0% 1,700 0.22%
Dreyfus Short Term Income D DSTIX 118.7% 255 0.90%
DWS Short Duration A PPIAX 93.0% 2,000 0.86%
DWS Short Duration Instl PPILX 93.0% 2,000 0.54%
DWS Short Duration S DBPIX 93.0% 2,000 0.65%
Eaton Vance Low Duration I EILDX 18.0% 407 0.68%
Federated Interm Govt/Corp Instl FGCIX 103.0% 364 0.32%
Federated Interm Govt/Corp Svc FGCSX 103.0% 364 0.57%
Federated Short-Term Income Instl FSTIX 30.0% 1,400 0.54%
Federated Short-Term Income Svc FSISX 30.0% 1,400 0.72%
Federated Short-Term Income Y FSTYX 30.0% 1,400 0.37%
Fidelity Advisor Short Fxd-Inc I FSXIX 204.0% 1,400 0.53%
Fidelity Advisor Short Fxd-Inc T FASFX 204.0% 1,400 0.70%
Fidelity Short-Term Bond FSHBX 223.0% 8,800 0.45%
Fifth Third Short Term Bond Instl KNLMX 61.0% 165 0.47%
FPA New Income FPNIX 117.0% 4,700 0.60%
Franklin Low Duration Total Return A FLCSZ 75.5% 853 0.91%
Franklin Low Duration Total Return Adv FLDZX 75.5% 853 0.66%
Frost Low Duration Bond Inst FILDX 56.0% 243 0.54%
Hartford Short Duration A HSD1Z 55.0% 775 0.85%
Hartford Short Duration A HSDAX 55.0% 775 0.85%
HighMark Short Term Bond A HMSSZ 48.0% 153 0.86%
HighMark Short Term Bond Fiduciary HMSFX 48.0% 153 0.61%
Homestead Short-Term Bond HOSBX 31.0% 396 0.77%
Invesco Short Term Bond A STBAX 40.0% 575 0.56%
Invesco Short Term Bond C STBCX 40.0% 575 0.91%
Invesco Short Term Bond Institutional ISTBX 40.0% 575 0.41%
Invesco Short Term Bond R STBRX 40.0% 575 0.91%
Invesco Short Term Bond Y STBYX 40.0% 575 0.41%
Ivy Limited-Term Bond I ILTIX 40.0% 1,500 0.68%
Janus Short-Term Bond Fund Class A JSHAX 100.0% 3,000 0.80%
Janus Short-Term Bond Fund Class I JSHIX 100.0% 3,000 0.55%
Janus Short-Term Bond T JASBX 100.0% 3,000 0.80%
JPMorgan Limited Duration Bd A ONUAX 21.0% 406 0.74%
JPMorgan Limited Duration Bd Sel HLGFX 21.0% 406 0.49%
JPMorgan Short Duration Bond A OGG1Z 40.0% 11,300 0.81%
JPMorgan Short Duration Bond A OGLVX 40.0% 11,300 0.81%
JPMorgan Short Duration Bond R6 JSDUX 40.0% 11,300 0.31%
JPMorgan Short Duration Bond Select HLLVX 40.0% 11,300 0.56%
Legg Mason WA Short-Term Bond A SBSTX 105.0% 523 0.87%
Legg Mason WA Short-Term Bond I SBSYX 105.0% 523 0.51%
Lord Abbett Short Duration Income A LALDX 113.5% 20,700 0.59%
Lord Abbett Short Duration Income A LALSZ 113.5% 20,700 0.59%
Lord Abbett Short Duration Income I LLDYX 113.5% 20,700 0.39%
Metropolitan West Low Duration Bond I MWLIX 60.0% 1,700 0.40%
Metropolitan West Low Duration Bond M MWLDX 60.0% 1,700 0.59%
Metropolitan West Low Duration Bond M MWLTZ 60.0% 1,700 0.59%
MFS Limited Maturity A MQL1Z 26.0% 1,200 0.75%
Morgan Stanley Inst Limited Duration I MPLDX 35.0% 153 0.59%
Nationwide Short Duration Bond A MCAPX 89.1% 115 0.83%
Nuveen Short-Term Bond A FALTX 58.0% 826 0.73%
Nuveen Short-Term Bond I FLTIX 58.0% 826 0.48%
Payden Low Duration Fund PYSBX 74.0% 620 0.53%
PIMCO Low Duration A PTLAX 437.0% 21,300 0.80%
PIMCO Low Duration A PTLTZ 437.0% 21,300 0.80%
PIMCO Low Duration Admin PLDAX 437.0% 21,300 0.71%
PIMCO Low Duration D PLDDX 437.0% 21,300 0.75%
PIMCO Low Duration II Admin PDFAX 1.0% 852 0.75%
PIMCO Low Duration II Instl PLDTX 1.0% 852 0.50%
PIMCO Low Duration II P PDRPX 1.0% 852 0.60%
PIMCO Low Duration III Instl PLDIX 496.0% 237 0.50%
PIMCO Low Duration Instl PTLDX 437.0% 21,300 0.46%
PIMCO Low Duration P PLDPX 437.0% 21,300 0.56%
Pioneer Short Term Income A STABX 54.0% 202 0.90%
Pioneer Short Term Income A STASZ 54.0% 202 0.90%
Pioneer Short Term Income Y PSHYX 54.0% 202 0.54%
PNC Limited Maturity Bond A PLFAX 54.0% 345 0.78%
PNC Limited Maturity Bond I PMYIX 54.0% 345 0.50%
Principal Short-Term Income A SRD1Z 43.6% 1,400 0.76%
Principal Short-Term Income Inst PSHIX 43.6% 1,400 0.47%
Prudential Short-Term Corporate Bd A PBSSZ 77.0% 7,500 0.77%
Prudential Short-Term Corporate Bd Z PIFZX 77.0% 7,500 0.52%
RidgeWorth Short-Term Bond A STSBX 86.0% 311 0.67%
RidgeWorth Short-Term Bond I SSBTX 86.0% 311 0.48%
RS Low Duration Bond A RLDAX 76.0% 1,500 0.80%
Russell Short Duration Bond E RSBEX 339.0% 1,100 0.88%
Russell Short Duration Bond S RFBSX 339.0% 1,100 0.63%
Russell Short Duration Bond S RFBSZ 339.0% 1,100 0.63%
Russell Short Duration Bond Y RSBYX 339.0% 1,100 0.53%
SA US Fixed Income SAUFX 92.0% 368 0.65%
Schwab Short-Term Bond Market SWBDX 94.0% 377 0.29%
SEI Daily Income Ultra-Short Dur Bd A SECPX 177.0% 244 0.74%
T. Rowe Price Short Term Bond Adv PASHX 71.9% 6,800 0.84%
T. Rowe Price Short-Term Bond PRWBX 71.9% 6,800 0.54%
Thompson Plumb Bond THOPX 14.0% 898 0.80%
Thornburg Limited-Term Income Instl THIIX 24.9% 2,200 0.63%
TIAA-CREF Short-Term Bond Inst TISIX 146.0% 845 0.30%
TIAA-CREF Short-Term Bond R TISRX 146.0% 845 0.55%
TIAA-CREF Short-Term Bond Retail TCTRX 146.0% 845 0.52%
Transamerica Short-Term Bond A ITC1Z 51.0% 3,000 0.82%
Transamerica Short-Term Bond I TSTIX 51.0% 3,000 0.64%
Vanguard Short-Term Bond Index Inv VBISX 67.0% 24,700 0.22%
Vanguard Short-Term Bond Index Signal VBSSX 67.0% 24,700 0.11%
Vanguard Short-Term Investment-Grade Adm VFSUX 47.0% 39,400 0.11%
Vanguard Short-Term Investment-Grade Ins VFSIX 47.0% 39,400 0.07%
Vanguard Short-Term Investment-Grade Inv VFSTX 47.0% 39,400 0.20%
Virtus Multi-Sector S/T Bd I PIMSX 35.0% 5,500 0.80%
Wasatch-1st Source Income FMEQX 43.0% 145 0.72%
Weitz Short-Intermediate Inc Instl WEF1Z 44.0% 1,500 0.65%
Weitz Short-Intermediate Inc Instl WEFIX 44.0% 1,500 0.65%
Wells Fargo Advantage Short-Term Bd I SSHIX 51.0% 652 0.49%
Wells Fargo Advantage Short-Term Bd Inv SSTBX 51.0% 652 0.84%
William Blair Income I BIFIX 39.0% 128 0.64%
William Blair Income N WBRRX 39.0% 128 0.85%



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Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.