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The Institutional Investment Strategy Fund ("Fund") is a closed-end interval fund.  The Fund is advised by Buena Capital Advisors, LLC doing business as Ivy Invest (the "Adviser") and is self-distributed by the Adviser through its Ivy Invest application. The Fund is designed for long-term investments and is not intended as a complete investment program. An investment in the Fund may not be suitable for you if you will need the money you invest within a specified timeframe.
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Before investing you should carefully consider the Fund’s investment objective, risks, charges and expenses. This and other information is in the prospectus and summary prospectus, a copy of which may be obtained by visiting Fund Documents on this page. Please read the prospectus carefully before investing.
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The Fund is offered only to United States persons, and information on this site is intended only for such persons. This website is not an offer to sell or a solicitation of an offer to buy shares in the Fund to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Furthermore, the Fund is not available for sale outside of the United States.  References to other third party funds should not to be considered an offer to buy or sell these securities.
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The Fund commenced operations on March 5, 2024.  The performance data featured represents past performance, which is no guarantee of future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the effect of taxes. Current performance may be higher or lower than the performance data quoted.

The Buena Blended Index, S&P 500 Index, and Bloomberg US Aggregate Bond Index are unmanaged indices, not available for direct investment and, unlike the Fund, have no management fees or operating expenses to reduce their reported returns. The Fund does not seek to achieve performance that is comparative to an index. The S&P 500 Index is a market capitalization-weighted index of 500 widely held common stocks. The Bloomberg U.S. Aggregate Bond Index measures the investment grade, U.S. dollar-denominated, fix-rated taxable bond market. The Buena Blended Index is comprised of 70% S&P 500 Index and 30% Bloomberg U.S. Aggregate Bond Index.
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Investment in the Fund involves substantial risk. The Fund is not suitable for investors who cannot bear the risk of loss of all or part of their investment. The Fund is appropriate only for investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund has no history of public trading and investors should not expect to sell shares other than through the Fund’s repurchase policy regardless of how the Fund performs. The Fund does not intend to list its shares on any exchange and does not expect a secondary market to develop.  Investors are encouraged to consult with appropriate financial professionals before considering an investment in the Fund.
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All investing involves risk including the possible loss of principal. Shares in the Fund are highly illiquid and can be sold by shareholders only in the quarterly repurchase program of the Fund, which allows for up to 5% of the Fund’s outstanding shares at NAV to be redeemed each quarter. Due to transfer restrictions and the illiquid nature of the Fund’s investments, you may not be able to sell your shares when, or in the amount that, you desire. The Fund’s quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Adviser would otherwise do so and may also result in an increase in the Fund’s expense ratio.  
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Non-diversified funds have the ability to invest a larger percentage of assets in the securities of a smaller number of issuers than a diversified fund. As a result, poor results by a single issuer could adversely affect fund results more than if the Fund invested in a larger number of issuers.
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Diversification does not assure a profit, nor does it protect against a loss in a declining market. Asset allocations are subject to change and should not be considered a recommendation to buy or sell any security.

The Adviser's management fee is intended to be a unitary fee, and therefore the Adviser agrees to pay most other expenses of the Fund. The Adviser has agreed to pay all expenses incurred by the Fund except for the management fee, interest, taxes, brokerage commissions and other expenses incurred in placing or settlement of orders for the purchase and sale of investment instruments, acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, shareholder servicing fees and distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1.

Information provided on this website is for general educational and informational purposes only.  The website is not intended to provide legal, tax, or insurance advice. In general, the information contained on the website has been prepared without reference to any particular user’s personal situation.
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While the Adviser has exercised reasonable professional care in preparing this website, we cannot guarantee the accuracy of all source information contained within. Any investment information contained herein has been secured from sources that the Adviser believes are reliable, but the Adviser makes no representations or warranties as to the accuracy of such information and accepts no liability therefore. All content on the website is presented only as of the date and time published or indicated and may be superseded by subsequent market events or for other reasons. The opinions presented herein represent the good faith views of the Adviser and are subject to change at any time.  Users are cautioned not to place undue reliance on any forward-looking statements (indicated by language such as “believe”, “anticipate”, “expect”, or similar words) which were based on information available at the time they were made. Neither the Adviser or the Fund undertake any obligation to update publicly or revise any dated, forward-looking, or other statements.  

Articles or information from third-party media outside of this domain may discuss the Fund or the Adviser or relate to information contained herein, but the Adviser does not approve and is not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by the Adviser of the linked or reproduced content.

Accessibility

Ivy Invest cares about all our customers and is committed to facilitating and improving the accessibility and usability of the website and is firmly committed to compliance with the Americans with Disabilities Act. We are continually improving our website to make it as accessible as possible. We strive for substantial conformance to the Web Content Accessibility Guidelines.  For the best experience, customers are encouraged to use the latest versions of web browsers, operating systems, and assistive technologies.  If you have any questions or suggestions about improving the usability or accessibility of our website, please contact us.

Business Continuity Plans
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The Adviser and the Fund maintain business continuity plans designed to respond reasonably and effectively to events of varying scope. Plans define critical functions, staff assignments, alternate work locations, resource requirements, vital records and assets related to restoring business operations with minimal impact. Plans are reviewed and maintained on an ongoing basis to ensure that documented information is current, and recovery strategies support our operations.

Proxy Voting

In accordance with Form N-PX regulations, the Adviser discloses the details of its vote instructions for the prior 12 months ending June 30th for the Fund. A copy of the Fund’s Form N-PX is generally made available on or before August 31st of each year on the SEC’s website at www.sec.gov.

Intellectual Property

All trademarks and service marks of Buena Capital Advisors, LLC or Ivy Invest on the website belong to the Adviser except third-party trademarks and service marks, which are the property of their respective owners.

Notice for California Users

Under California Civil Code Section 1789.3, users of the Service from California are entitled to the following specific consumer rights notice: The Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs may be contacted in writing at 1625 North Market Blvd., Suite N 112, Sacramento, CA 95834, or by telephone at (916) 445-1254 or (800) 952-5210. You may contact us at support@ivyinvest.co or (800) 535-7096.