# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043085
**Filing Date:** 2023-2
**Character Count:** 71190
**Document Hash:** e4f673df24556ee48344b08ea5003305
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043085.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043085

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IVY FUNDS
- **CENTRAL INDEX KEY:** 0000883622
- **IRS NUMBER:** 481112076
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06569
- **FILM NUMBER:** 23674022

**BUSINESS ADDRESS:**
- **STREET 1:** 6300 LAMAR AVE
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66202
- **BUSINESS PHONE:** 9132362000

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 29217
- **CITY:** SHAWNEE MISSION
- **STATE:** KS
- **ZIP:** 66201-9217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IVY FUNDS INC
- **DATE OF NAME CHANGE:** 20030630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** W&R FUNDS INC
- **DATE OF NAME CHANGE:** 20000829

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WADDELL & REED FUNDS INC
- **DATE OF NAME CHANGE:** 19920717

## Series and Classes Contracts Data

### Delaware Ivy Smid Cap Core Fund (Series ID: S000024831)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000073902 | Class Y      | IYSYX           |
| C000073903 | Class A      | IYSAX           |
| C000073905 | Class C      | IYSCX           |
| C000073907 | Class I      | IVVIX           |
| C000122159 | Class R      | IYSMX           |
| C000146691 | Class R6     | ISPVX           |

## Nport-Ex

## Schedule of investments
Delaware Ivy Smid Cap Core Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.29%** | &nbsp;&nbsp;**Common Stocks — 99.29%** | &nbsp;&nbsp;**Common Stocks — 99.29%** |
| &nbsp;&nbsp;Basic Materials — 8.04% | &nbsp;&nbsp;Basic Materials — 8.04% | &nbsp;&nbsp;Basic Materials — 8.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beacon Roofing Supply † | 60817 | $3210529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boise Cascade | 46450 | &nbsp;&nbsp; 3189721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman | 198564 | &nbsp;&nbsp; 5456539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaiser Aluminum | 32598 | &nbsp;&nbsp; 2476144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minerals Technologies | 66874 | &nbsp;&nbsp; 4060589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Steel & Aluminum | 29113 | &nbsp;&nbsp; 5893636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westrock | 68268 | &nbsp;&nbsp; 2400303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Worthington Industries | 71921 | &nbsp;&nbsp; 3575193 |
|  |  | &nbsp;&nbsp; 30262654 |
| &nbsp;&nbsp;Business Services — 5.31% | &nbsp;&nbsp;Business Services — 5.31% | &nbsp;&nbsp;Business Services — 5.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABM Industries | 61289 | &nbsp;&nbsp; 2722457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aramark | 114016 | &nbsp;&nbsp; 4713422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASGN † | 37711 | &nbsp;&nbsp; 3072692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casella Waste Systems Class A † | 25201 | &nbsp;&nbsp; 1998691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clean Harbors † | 23856 | &nbsp;&nbsp; 2722447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WillScot Mobile Mini Holdings † | 105327 | &nbsp;&nbsp; 4757621 |
|  |  | &nbsp;&nbsp; 19987330 |
| &nbsp;&nbsp;Capital Goods — 11.09% | &nbsp;&nbsp;Capital Goods — 11.09% | &nbsp;&nbsp;Capital Goods — 11.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameresco Class A \*, † | 32672 | &nbsp;&nbsp; 1866878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barnes Group | 24562 | &nbsp;&nbsp; 1003358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carlisle | 11580 | &nbsp;&nbsp; 2728827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Signal | 45673 | &nbsp;&nbsp; 2122424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gates Industrial † | 84618 | &nbsp;&nbsp; 965491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graco | 35315 | &nbsp;&nbsp; 2375287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jacobs Solutions | 16351 | &nbsp;&nbsp; 1963265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kadant | &nbsp;&nbsp;&nbsp;&nbsp;8878 | &nbsp;&nbsp; 1576999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KBR | 54456 | &nbsp;&nbsp; 2875277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | 24299 | &nbsp;&nbsp; 3510963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec † | 34853 | &nbsp;&nbsp; 2974006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oshkosh | 30552 | &nbsp;&nbsp; 2694381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services | 39123 | &nbsp;&nbsp; 5575028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord | 16386 | &nbsp;&nbsp; 1965992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tetra Tech | 15909 | &nbsp;&nbsp; 2309828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WESCO International † | 27872 | &nbsp;&nbsp; 3489574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions | 84293 | &nbsp;&nbsp; 1782797 |
|  |  | &nbsp;&nbsp; 41780375 |
| &nbsp;&nbsp;Consumer Discretionary — 5.86% | &nbsp;&nbsp;Consumer Discretionary — 5.86% | &nbsp;&nbsp;Consumer Discretionary — 5.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings † | 46386 | &nbsp;&nbsp; 3068898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dick's Sporting Goods | 40621 | &nbsp;&nbsp; 4886300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Five Below † | 28008 | &nbsp;&nbsp; 4953775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Malibu Boats Class A † | 53248 | &nbsp;&nbsp; 2838119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven Madden | 117195 | &nbsp;&nbsp; 3745552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tractor Supply | 11461 | &nbsp;&nbsp; 2578381 |
|  |  | &nbsp;&nbsp; 22071025 |
| &nbsp;&nbsp;Consumer Services — 2.17% | &nbsp;&nbsp;Consumer Services — 2.17% | &nbsp;&nbsp;Consumer Services — 2.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brinker International † | 57194 | &nbsp;&nbsp; 1825061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jack in the Box | 19193 | &nbsp;&nbsp; 1309538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse | 26226 | &nbsp;&nbsp; 2385255 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Consumer Services (continued) | &nbsp;&nbsp;Consumer Services (continued) | &nbsp;&nbsp;Consumer Services (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wendy's | 116510 | $2636621 |
|  |  | &nbsp;&nbsp; 8156475 |
| &nbsp;&nbsp;Consumer Staples — 3.30% | &nbsp;&nbsp;Consumer Staples — 3.30% | &nbsp;&nbsp;Consumer Staples — 3.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casey's General Stores | 24245 | &nbsp;&nbsp; 5439366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helen of Troy † | &nbsp;&nbsp;&nbsp;&nbsp;9673 | &nbsp;&nbsp; 1072832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J & J Snack Foods | 19938 | &nbsp;&nbsp; 2984918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YETI Holdings † | 70832 | &nbsp;&nbsp; 2926070 |
|  |  | &nbsp;&nbsp; 12423186 |
| &nbsp;&nbsp;Credit Cyclicals — 3.12% | &nbsp;&nbsp;Credit Cyclicals — 3.12% | &nbsp;&nbsp;Credit Cyclicals — 3.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BorgWarner | 61533 | &nbsp;&nbsp; 2476703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dana | 99800 | &nbsp;&nbsp; 1509974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KB Home | 38806 | &nbsp;&nbsp; 1235971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;La-Z-Boy | 61197 | &nbsp;&nbsp; 1396515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taylor Morrison Home † | 55985 | &nbsp;&nbsp; 1699145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toll Brothers | 68992 | &nbsp;&nbsp; 3444081 |
|  |  | &nbsp;&nbsp; 11762389 |
| &nbsp;&nbsp;Energy — 4.97% | &nbsp;&nbsp;Energy — 4.97% | &nbsp;&nbsp;Energy — 4.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chesapeake Energy \* | 71367 | &nbsp;&nbsp; 6734904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy | 28024 | &nbsp;&nbsp; 3833123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liberty Energy | 507931 | &nbsp;&nbsp; 8131975 |
|  |  | &nbsp;&nbsp; 18700002 |
| &nbsp;&nbsp;Financials — 15.62% | &nbsp;&nbsp;Financials — 15.62% | &nbsp;&nbsp;Financials — 15.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axis Capital Holdings | 77065 | &nbsp;&nbsp; 4174611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comerica | 45515 | &nbsp;&nbsp; 3042678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp | 77510 | &nbsp;&nbsp; 5107909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essent Group | 83671 | &nbsp;&nbsp; 3253129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hamilton Lane Class A | 33535 | &nbsp;&nbsp; 2142216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kemper | 63408 | &nbsp;&nbsp; 3119674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NMI Holdings Class A † | 81841 | &nbsp;&nbsp; 1710477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Primerica | 37328 | &nbsp;&nbsp; 5293857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raymond James Financial | 27924 | &nbsp;&nbsp; 2983679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinsurance Group of America | 36592 | &nbsp;&nbsp; 5199357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SouthState | 42435 | &nbsp;&nbsp; 3240337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stifel Financial | 71752 | &nbsp;&nbsp; 4188164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Umpqua Holdings | 179598 | &nbsp;&nbsp; 3205824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valley National Bancorp | 242614 | &nbsp;&nbsp; 2743964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Webster Financial | 94688 | &nbsp;&nbsp; 4482530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Alliance Bancorp | 37190 | &nbsp;&nbsp; 2215036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WSFS Financial | 59781 | &nbsp;&nbsp; 2710471 |
|  |  | &nbsp;&nbsp; 58813913 |
| &nbsp;&nbsp;Healthcare — 13.26% | &nbsp;&nbsp;Healthcare — 13.26% | &nbsp;&nbsp;Healthcare — 13.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amicus Therapeutics † | 151232 | &nbsp;&nbsp; 1846543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azenta | 38647 | &nbsp;&nbsp; 2250028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bio-Techne | 40326 | &nbsp;&nbsp; 3342219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blueprint Medicines † | 40904 | &nbsp;&nbsp; 1792004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catalent † | 49212 | &nbsp;&nbsp; 2215032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Encompass Health | 55197 | &nbsp;&nbsp; 3301333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exact Sciences † | 30246 | &nbsp;&nbsp; 1497479 |

---

NQ-IV065 [12/22] 2/23 (2747696) 1

------

Delaware Ivy Smid Cap Core Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Healthcare (continued) | &nbsp;&nbsp;Healthcare (continued) | &nbsp;&nbsp;Healthcare (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halozyme Therapeutics \*, † | 81834 | $4656355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICON † | 14233 | &nbsp;&nbsp; 2764760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insmed † | 86012 | &nbsp;&nbsp; 1718520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inspire Medical Systems † | 15573 | &nbsp;&nbsp; 3922527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ligand Pharmaceuticals † | 25731 | &nbsp;&nbsp; 1718831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natera † | 48138 | &nbsp;&nbsp; 1933703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neurocrine Biosciences † | 36268 | &nbsp;&nbsp; 4331850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OmniAb † | 136840 | &nbsp;&nbsp; 492623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OmniAb 12.5 =, † | 10854 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OmniAb 15 =, † | 10854 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QuidelOrtho † | 20537 | &nbsp;&nbsp; 1759405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repligen † | 19532 | &nbsp;&nbsp; 3306963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shockwave Medical † | 16133 | &nbsp;&nbsp; 3317106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals † | 56941 | &nbsp;&nbsp; 2031085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ultragenyx Pharmaceutical † | 37448 | &nbsp;&nbsp; 1734966 |
|  |  | &nbsp;&nbsp; 49933332 |
| &nbsp;&nbsp;Media — 1.83% | &nbsp;&nbsp;Media — 1.83% | &nbsp;&nbsp;Media — 1.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMAX † | 98956 | &nbsp;&nbsp; 1450695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interpublic Group | 102954 | &nbsp;&nbsp; 3429398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media Group | 11518 | &nbsp;&nbsp; 2015995 |
|  |  | &nbsp;&nbsp; 6896088 |
| &nbsp;&nbsp;Real Estate Investment Trusts — 6.54% | &nbsp;&nbsp;Real Estate Investment Trusts — 6.54% | &nbsp;&nbsp;Real Estate Investment Trusts — 6.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group | 173136 | &nbsp;&nbsp; 3924993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Camden Property Trust | 31509 | &nbsp;&nbsp; 3525227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DiamondRock Hospitality | 157564 | &nbsp;&nbsp; 1290449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Industrial Realty Trust | 76517 | &nbsp;&nbsp; 3692710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kite Realty Group Trust | 157330 | &nbsp;&nbsp; 3311797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Life Storage | 35575 | &nbsp;&nbsp; 3504138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LXP Industrial Trust | 168724 | &nbsp;&nbsp; 1690614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pebblebrook Hotel Trust | 110353 | &nbsp;&nbsp; 1477627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Physicians Realty Trust | 152262 | &nbsp;&nbsp; 2203231 |
|  |  | &nbsp;&nbsp; 24620786 |
| &nbsp;&nbsp;Technology — 13.08% | &nbsp;&nbsp;Technology — 13.08% | &nbsp;&nbsp;Technology — 13.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackline † | 14908 | &nbsp;&nbsp; 1002861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Box Class A † | 37408 | &nbsp;&nbsp; 1164511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coherent † | 65158 | &nbsp;&nbsp; 2287046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dynatrace † | 51394 | &nbsp;&nbsp; 1968390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ExlService Holdings † | 32785 | &nbsp;&nbsp; 5554763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guidewire Software † | 25107 | &nbsp;&nbsp; 1570694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MACOM Technology Solutions Holdings † | 42386 | &nbsp;&nbsp; 2669470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MaxLinear † | 65565 | &nbsp;&nbsp; 2225932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ON Semiconductor † | 47660 | &nbsp;&nbsp; 2972554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paycom Software † | &nbsp;&nbsp;&nbsp;&nbsp;3423 | &nbsp;&nbsp; 1062191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procore Technologies † | 32932 | &nbsp;&nbsp; 1553732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PTC † | 38810 | &nbsp;&nbsp; 4658752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q2 Holdings † | 52342 | &nbsp;&nbsp; 1406430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rapid7 † | 29287 | &nbsp;&nbsp; 995172 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Technology (continued) | &nbsp;&nbsp;Technology (continued) | &nbsp;&nbsp;Technology (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Semtech † | 39460 | $1132107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silicon Laboratories † | 16441 | &nbsp;&nbsp; 2230551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smartsheet Class A † | 44592 | &nbsp;&nbsp; 1755141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprout Social Class A † | 18691 | &nbsp;&nbsp; 1055294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SS&C Technologies Holdings | 23567 | &nbsp;&nbsp; 1226898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;2074 | &nbsp;&nbsp; 668678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Varonis Systems † | 65784 | &nbsp;&nbsp; 1574869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WNS Holdings ADR † | 53796 | &nbsp;&nbsp; 4303142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yelp † | 61827 | &nbsp;&nbsp; 1690350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ziff Davis † | 31787 | &nbsp;&nbsp; 2514352 |
|  |  | &nbsp;&nbsp; 49243880 |
| &nbsp;&nbsp;Transportation — 3.16% | &nbsp;&nbsp;Transportation — 3.16% | &nbsp;&nbsp;Transportation — 3.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegiant Travel † | 17625 | &nbsp;&nbsp; 1198323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kirby † | 51871 | &nbsp;&nbsp; 3337899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Knight-Swift Transportation Holdings | 72010 | &nbsp;&nbsp; 3774044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Werner Enterprises \* | 89480 | &nbsp;&nbsp; 3602465 |
|  |  | &nbsp;&nbsp; 11912731 |
| &nbsp;&nbsp;Utilities — 1.94% | &nbsp;&nbsp;Utilities — 1.94% | &nbsp;&nbsp;Utilities — 1.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Black Hills | 55600 | &nbsp;&nbsp; 3910904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spire | 49571 | &nbsp;&nbsp; 3413459 |
|  |  | &nbsp;&nbsp; 7324363 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $388,211,506)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $388,211,506)** | &nbsp;&nbsp; **373888529** |
| &nbsp;&nbsp;**Short-Term Investments — 0.91%** | &nbsp;&nbsp;**Short-Term Investments — 0.91%** | &nbsp;&nbsp;**Short-Term Investments — 0.91%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.91% | &nbsp;&nbsp;Money Market Mutual Funds — 0.91% | &nbsp;&nbsp;Money Market Mutual Funds — 0.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 859480 | &nbsp;&nbsp; 859480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 859481 | &nbsp;&nbsp; 859481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 859481 | &nbsp;&nbsp; 859481 |

---

2 NQ-IV065 [12/22] 2/23 (2747696)

------

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 859480 | $859480 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $3,437,922)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $3,437,922)** | &nbsp;&nbsp; **3437922** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.20%<br> (cost $391,649,428)** |  | &nbsp;&nbsp;**377,326,451■** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.20%)** |  | &nbsp;&nbsp;&nbsp; **(748103)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 27,286,060 Shares Outstanding—100.00%** |  | &nbsp;&nbsp; **$376578348** |

---

---

| | |
|:---|:---|
| <sup>†</sup> | Non-income producing security. |
| <sup>\*</sup> | Fully or partially on loan. |
| <sup>=</sup> | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| ■ | Includes $14,465,069 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $14,905,965. |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |

---

NQ-IV065 [12/22] 2/23 (2747696) 3

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** IVY FUNDS

- **b. Investment Company Act file number:** 811-06569

- **c. CIK number of Registrant:** 0000883622

- **d. LEI of Registrant:** UJ5MWG3K37CY01MVRY13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Delaware Ivy Smid Cap Core Fund

- **b. EDGAR series identifier (if any):** S000024831

- **c. LEI of Series:** OM63H9DPPVCCB437YV91

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $378279314.63

**Total Liabilities:** $1577427.24

**Net Assets:** $376701887.39

**Cash Not Reported:** $1342.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073902 | 9.20%                | 5.33%                | -5.48%               |
| Class ID C000146691 | 9.17%                | 5.37%                | -5.42%               |
| Class ID C000073903 | 9.19%                | 5.29%                | -5.39%               |
| Class ID C000073905 | 9.07%                | 5.24%                | -5.46%               |
| Class ID C000073907 | 9.20%                | 5.37%                | -5.44%               |
| Class ID C000122159 | 9.16%                | 5.29%                | -5.48%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1457112.04             | $38963930.71                               |
| Month 2  | $-807400.18              | $22708268.53                               |
| Month 3  | $85230.27                | $-23344998.06                              |

### Schedule of Portfolio Investments

| Name                                           | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Procore Technologies Inc                       | Procore Technologies Inc                       | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     32932 | NS      | $1553731.76   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                     | Neurocrine Biosciences Inc                     | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     36268 | NS      | $4331849.92   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                   | Oshkosh Corp                                   | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     30552 | NS      | $2694380.88   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                         | Tyler Technologies Inc                         | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      2074 | NS      | $668678.34    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                               | Essent Group Ltd                               | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |     83671 | NS      | $3253128.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                      | Halozyme Therapeutics Inc                      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     81834 | NS      | $4656354.60   | 1.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Worthington Industries Inc                     | Worthington Industries Inc                     | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     71921 | NS      | $3575192.91   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I                 | BJ's Wholesale Club Holdings Inc               | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     46386 | NS      | $3068897.76   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                              | Clean Harbors Inc                              | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     23856 | NS      | $2722446.72   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                    | Raymond James Financial Inc                    | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     27924 | NS      | $2983679.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                     | Insmed Inc                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     86012 | NS      | $1718519.76   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                              | Steven Madden Ltd                              | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    117195 | NS      | $3745552.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                             | Regal Rexnord Corp                             | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     16386 | NS      | $1965992.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                            | Federal Signal Corp                            | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     45673 | NS      | $2122424.31   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                       | Silicon Laboratories Inc                       | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     16441 | NS      | $2230550.47   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                          | East West Bancorp Inc                          | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77510 | NS      | $5107909.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                     | Natera Inc                                     | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48138 | NS      | $1933703.46   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                               | Boise Cascade Co                               | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     46450 | NS      | $3189721.50   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                     | Kirby Corp                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     51871 | NS      | $3337898.85   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                  | Dynatrace Inc                                  | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51394 | NS      | $1968390.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                              | YETI Holdings Inc                              | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     70832 | NS      | $2926069.92   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                        | Nexstar Media Group Inc                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     11518 | NS      | $2015995.54   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                       | ICON PLC                                       | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     14233 | NS      | $2764760.25   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                      | Brinker International Inc                      | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     57194 | NS      | $1825060.54   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                     | Azenta Inc                                     | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     38647 | NS      | $2250028.34   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                        | Aramark                                        | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    114016 | NS      | $4713421.44   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp                         | Chesapeake Energy Corp                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     71367 | NS      | $6734903.79   | 1.79%             |  |  |  | No            |                  1 | On Loan: —       |
| PTC Inc                                        | PTC Inc                                        | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     38810 | NS      | $4658752.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Inc                          | Shockwave Medical Inc                          | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |     16133 | NS      | $3317106.13   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                      | Dick's Sporting Goods Inc                      | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     40621 | NS      | $4886300.09   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                  | Huntsman Corp                                  | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    198564 | NS      | $5456538.72   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                             | Liberty Energy Inc                             | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    507931 | NS      | $8131975.31   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                        | KB Home                                        | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     38806 | NS      | $1235971.10   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                              | Sprout Social Inc                              | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18691 | NS      | $1055293.86   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                      | Axis Capital Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     77065 | NS      | $4174611.05   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                  | Coherent Corp                                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     65158 | NS      | $2287045.80   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    859481 | NS      | $859480.57    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc                  | Ultragenyx Pharmaceutical Inc                  | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     37448 | NS      | $1734965.84   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                                       | Dana Inc                                       | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     99800 | NS      | $1509974.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                           | LXP Industrial Trust                           | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    168724 | NS      | $1690614.48   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc                                     | OmniAb Inc                                     | CUSIP: 68218J103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136840 | NS      | $492622.57    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                        | Kite Realty Group Trust                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    157330 | NS      | $3311796.50   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I                 | Reinsurance Group of America Inc               | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     36592 | NS      | $5199357.28   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                              | Helen of Troy Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9673 | NS      | $1072832.43   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                        | KBR Inc                                        | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     54456 | NS      | $2875276.80   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                     | Kadant Inc                                     | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      8878 | NS      | $1576999.14   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                        | ExlService Holdings Inc                        | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     32785 | NS      | $5554762.55   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartsheet Inc                                 | Smartsheet Inc                                 | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               | CORP              | US        |     44592 | NS      | $1755141.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                   | La-Z-Boy Inc                                   | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     61197 | NS      | $1396515.54   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                        | Valley National Bancorp                        | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    242614 | NS      | $2743964.34   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                   | Ameresco Inc                                   | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |     32672 | NS      | $1866878.08   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| J & J Snack Foods Corp                         | J & J Snack Foods Corp                         | CUSIP: 466032109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19938 | NS      | $2984917.98   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                          | ON Semiconductor Corp                          | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     47660 | NS      | $2972554.20   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                           | Jacobs Solutions Inc                           | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16351 | NS      | $1963264.57   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings                  | WillScot Mobile Mini Holdings Corp             | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    105327 | NS      | $4757620.59   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                                    | Kemper Corp                                    | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     63408 | NS      | $3119673.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho                 | Knight-Swift Transportation Holdings Inc       | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72010 | NS      | $3774044.10   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust                  | First Industrial Realty Trust Inc              | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76517 | NS      | $3692710.42   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                               | QuidelOrtho Corp                               | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     20537 | NS      | $1759404.79   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                            | Varonis Systems Inc                            | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     65784 | NS      | $1574868.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                                  | MaxLinear Inc                                  | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     65565 | NS      | $2225931.75   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                          | Encompass Health Corp                          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     55197 | NS      | $3301332.57   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                     | MasTec Inc                                     | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     34853 | NS      | $2974006.49   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                  | Primerica Inc                                  | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     37328 | NS      | $5293856.96   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor                 | Zurn Elkay Water Solutions Corp                | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     84293 | NS      | $1782796.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                 | Ziff Davis Inc                                 | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     31787 | NS      | $2514351.70   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                      | Graco Inc                                      | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     35315 | NS      | $2375286.90   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp                           | Kaiser Aluminum Corp                           | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32598 | NS      | $2476144.08   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                            | Paycom Software Inc                            | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      3423 | NS      | $1062191.13   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                                | Q2 Holdings Inc                                | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     52342 | NS      | $1406429.54   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                             | ABM Industries Inc                             | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     61289 | NS      | $2722457.38   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                            | Texas Roadhouse Inc                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     26226 | NS      | $2385254.70   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co                            | Allegiant Travel Co                            | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     17625 | NS      | $1198323.75   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                                | SouthState Corp                                | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     42435 | NS      | $3240336.60   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                            | Exact Sciences Corp                            | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     30246 | NS      | $1497479.46   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    859481 | NS      | $859480.57    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                 | SS&C Technologies Holdings Inc                 | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     23567 | NS      | $1226898.02   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                       | Western Alliance Bancorp                       | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     37190 | NS      | $2215036.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Omniab Inc/old                                 | Omniab Inc/old                                 | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10855 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gates Industrial Corp PLC                      | Gates Industrial Corp PLC                      | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |     84618 | NS      | $965491.38    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                         | Webster Financial Corp                         | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     94688 | NS      | $4482529.92   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                    | Inspire Medical Systems Inc                    | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     15573 | NS      | $3922527.24   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                               | Life Storage Inc                               | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |     35575 | NS      | $3504137.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/T                 | Interpublic Group of Cos Inc/The               | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    102954 | NS      | $3429397.74   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                               | Black Hills Corp                               | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     55600 | NS      | $3910904.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol                 | MACOM Technology Solutions Holdings Inc        | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42386 | NS      | $2669470.28   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                   | Supernus Pharmaceuticals Inc                   | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     56941 | NS      | $2031085.47   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                 | Five Below Inc                                 | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     28008 | NS      | $4953774.96   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                  | Repligen Corp                                  | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     19532 | NS      | $3306962.92   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc                     | Ligand Pharmaceuticals Inc                     | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     25731 | NS      | $1718830.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                      | Spire Inc                                      | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     49571 | NS      | $3413459.06   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                     | Brixmor Property Group Inc                     | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    173136 | NS      | $3924993.12   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                      | Casella Waste Systems Inc                      | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     25201 | NS      | $1998691.31   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                     | Casey's General Stores Inc                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     24245 | NS      | $5439365.75   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                        | Physicians Realty Trust                        | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |    152262 | NS      | $2203231.14   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co                   | Reliance Steel & Aluminum Co                   | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     29113 | NS      | $5893635.72   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                 | BorgWarner Inc                                 | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     61533 | NS      | $2476703.25   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalent Inc                                   | Catalent Inc                                   | CUSIP: 148806102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49212 | NS      | $2215032.12   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                       | ASGN Inc                                       | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     37711 | NS      | $3072692.28   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                              | Hamilton Lane Inc                              | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     33535 | NS      | $2142215.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                                  | Blackline Inc                                  | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     14908 | NS      | $1002861.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                   | Comerica Inc                                   | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     45515 | NS      | $3042677.75   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics Inc                        | Amicus Therapeutics Inc                        | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |    151232 | NS      | $1846542.72   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                | Bio-Techne Corp                                | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     40326 | NS      | $3342218.88   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                         | Guidewire Software Inc                         | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     25107 | NS      | $1570693.92   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                                    | Westrock Co                                    | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |     68268 | NS      | $2400302.88   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                              | Tractor Supply Co                              | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     11461 | NS      | $2578381.17   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    859481 | NS      | $859480.57    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                          | Camden Property Trust                          | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     31509 | NS      | $3525226.92   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack in the Box Inc                            | Jack in the Box Inc                            | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |     19193 | NS      | $1309538.39   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                          | Stifel Financial Corp                          | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     71752 | NS      | $4188164.24   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                 | Tetra Tech Inc                                 | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     15909 | NS      | $2309827.71   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                  | Lincoln Electric Holdings Inc                  | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     24299 | NS      | $3510962.51   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                        | Pebblebrook Hotel Trust                        | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    110353 | NS      | $1477626.67   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                               | Carlisle Cos Inc                               | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     11580 | NS      | $2728827.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                   | Semtech Corp                                   | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     39460 | NS      | $1132107.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    859480 | NS      | $859480.13    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                               | NMI Holdings Inc                               | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     81841 | NS      | $1710476.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Barnes Group Inc                               | Barnes Group Inc                               | CUSIP: 067806109<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | EC               | CORP              | US        |     24562 | NS      | $1003357.70   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                            | Quanta Services Inc                            | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     39123 | NS      | $5575027.50   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                               | WNS Holdings Ltd                               | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | IN        |     53796 | NS      | $4303142.04   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Blueprint Medicines Corp                       | Blueprint Medicines Corp                       | CUSIP: 09627Y109<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |     40904 | NS      | $1792004.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Roofing Supply Inc                      | Beacon Roofing Supply Inc                      | CUSIP: 073685109<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |     60817 | NS      | $3210529.43   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                      | IMAX Corp                                      | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |     97264 | NS      | $1425890.24   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                        | WESCO International Inc                        | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     27872 | NS      | $3489574.40   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                         | Werner Enterprises Inc                         | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     89480 | NS      | $3602464.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Toll Brothers Inc                              | Toll Brothers Inc                              | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     68992 | NS      | $3444080.64   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                                     | Rapid7 Inc                                     | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     29287 | NS      | $995172.26    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                         | Diamondback Energy Inc                         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     28024 | NS      | $3833122.72   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc                      | Minerals Technologies Inc                      | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     66874 | NS      | $4060589.28   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                       | Yelp Inc                                       | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     61827 | NS      | $1690350.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                      | Taylor Morrison Home Corp                      | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     55985 | NS      | $1699144.75   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                            | WSFS Financial Corp                            | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     59781 | NS      | $2710470.54   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Omniab Inc/old                                 | Omniab Inc/old                                 | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10855 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wendy's Co/The                                 | Wendy's Co/The                                 | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    116510 | NS      | $2636621.30   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                        | Box Inc                                        | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     37408 | NS      | $1164511.04   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Corp                           | Umpqua Holdings Corp                           | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |    179598 | NS      | $3205824.30   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                     | DiamondRock Hospitality Co                     | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    157564 | NS      | $1290449.16   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                               | Malibu Boats Inc                               | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53248 | NS      | $2838118.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration