Did You Invest in the Ivy High Income Funds, WHIAX, WHIBX and/or WRHIX?

Soreide Law Group is investigating Waddell and Reed's Ivy High Income Funds because many investors been experiencing devastating losses in their otherwise conservative portfolios.
Many of the ten holdings in the Ivy High Income Fund that represent 15% of the portfolio are all private placements, which causes problems when the fund is forced to liquidate. Also, there are concerns in the high-yield bond market. Often individual investors are permitted to purchase an entire portfolio of these securities. There are many reasons for investors in Waddell and Reed's funds to worry. he following are three of the funds:

Ivy High Income A (WHIAX)

Year to date return: -7.37%
Ivy High Income B (WHIBX)

Year to date return: -8.05%

Ivy High Income C (WRHIX)

Year to date return: -8.02%
These investments seek to provide total return through a combination of high current income and capital appreciation. These funds invest primarily in a diversified portfolio of high-yield, high-risk, fixed-income securities, including secured and unsecured loan assignments, loan participations and other loan instruments (loans), of U.S. and foreign corporate issuers, the risks of which are, in the judgment of the adviser consistent with the funds objectives. They may invest up to 100% of total assets in non-investment grade debt securities.
On December 15, 2015, Bloomberg reported that Waddell & Reed Financial said that its Ivy High Income Fund has nearly half of its bond holdings in the CCC category, and forty-seven percent of the assets are rated BBB to B. The Ivy High Income Fund is down 20% over the past two years.
If your broker or financial advisor has placed you into any of the risky and illiquid Ivy High Income Funds WHIAX, WHIBX, or WRHIX, call Soreide Law Group for a free consultation on the possible recovery of your losses at: 888-760-6552.