# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-022042
**Filing Date:** 2026-5
**Character Count:** 47736
**Document Hash:** d9a99f743a0134e468b6a232a2db7cfa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022042.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-022042

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IVY FUNDS
- **CENTRAL INDEX KEY:** 0000883622

**ORGANIZATION NAME:**
- **EIN:** 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:** 261036729

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**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

### Nomura 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 | Institutional Class | IVVIX           |
| C000122159 | Class R             | IYSMX           |
| C000146691 | Class R6            | ISPVX           |

## 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:** Nomura 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:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $350269696.76

**Total Liabilities:** $689996.05

**Net Assets:** $349579700.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073902 | 3.43%                | 3.17%                | -5.26%               |
| Class ID C000146691 | 3.46%                | 3.21%                | -5.24%               |
| Class ID C000073903 | 3.38%                | 3.21%                | -5.23%               |
| Class ID C000073905 | 3.27%                | 3.17%                | -5.29%               |
| Class ID C000073907 | 3.42%                | 3.21%                | -5.25%               |
| Class ID C000122159 | 3.38%                | 3.16%                | -5.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1688219.58              | $10689462.37                               |
| Month 2  | $9679.86                 | $11622430.87                               |
| Month 3  | $2649116.03              | $-22445451.92                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IMAX Corporation                             | IMAX Corporation COM                                        | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     99286 | NS      | $3773860.86   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                          | Expand Energy Corp. COM                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     36268 | NS      | $3981501.04   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane Inc CL A                                      | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     31657 | NS      | $3146705.80   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                               | API Group Corp COM STK                                      | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     52333 | NS      | $2120533.16   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                 | Reliance Inc COM                                            | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     15695 | NS      | $4770024.40   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                          | Toll Brothers, Inc. COM                                     | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     19803 | NS      | $2702515.41   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.                  | Casey'S General Stores Inc. COM                             | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     11334 | NS      | $8249565.24   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                              | Q2 Holdings Inc COM                                         | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     40724 | NS      | $1926245.20   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                      | XPO Inc COM                                                 | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     12290 | NS      | $2391019.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                    | Taylor Morrison Home Corp COM                               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     24903 | NS      | $1450350.72   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc.                          | ABM Industries Inc. COM                                     | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     50909 | NS      | $1961014.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                               | Tetra Tech Inc COM                                          | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     85955 | NS      | $2588964.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                            | Omnicom Group Inc COM                                       | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     29417 | NS      | $2215394.27   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                          | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   1480360 | NS      | $1480360.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                        | East West Bancorp Inc COM                                   | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |     69953 | NS      | $7468182.28   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNIAB INC                                   | OmniAb Inc. USD0.0001 A (USD12.5 VESTING)                   | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10854 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST INC            | First Industrial Realty Trust, Inc. COM                     | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69429 | NS      | $4016467.65   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc.                            | UL Solutions Inc. CLASS A COM SHS                           | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     24763 | NS      | $2122436.73   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                  | Workiva Inc COM CL A                                        | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     19195 | NS      | $1144597.85   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc.                   | Minerals Technologies Inc. COM                              | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     61270 | NS      | $4345268.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                   | Arcosa Inc COM                                              | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     42381 | NS      | $4498319.34   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                              | Bio-Techne Corp COM                                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     38497 | NS      | $2011853.22   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                     | Saia Inc COM                                                | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      3578 | NS      | $1256879.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corporation                   | WSFS Financial Corporation COM                              | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     58756 | NS      | $3846167.76   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                 | La-Z-Boy Inc COM                                            | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     41837 | NS      | $1344641.18   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                     | Procore Technologies Inc COM                                | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     33118 | NS      | $1887726.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Funds GOVT PTF INSTL | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |   1480358 | NS      | $1480357.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORP                         | Kaiser Aluminium Corporation COM PAR $0.01                  | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23655 | NS      | $2850664.05   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                        | Quanta Services, Inc. COM                                   | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      4301 | NS      | $2361335.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                      | Carlisle Companies Inc. COM                                 | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      4320 | NS      | $1441238.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                   | Insmed Inc COM PAR $.01                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     32941 | NS      | $5386512.32   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                    | Graco Inc COM                                               | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     33136 | NS      | $2804962.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                    | Healthpeak Properties Inc COM                               | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    148688 | NS      | $2442943.84   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                            | Asgn Incorporated COM                                       | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     29460 | NS      | $1140396.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.                       | TransMedics Group Inc. COM                                  | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     19597 | NS      | $1948137.77   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | Coherent Corp COM                                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     39232 | NS      | $9345454.72   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                      | Nexstar Media Group Inc COMMON STOCK                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      9567 | NS      | $1730000.61   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corporation       | Zurn Elkay Water Solutions Corporation COM                  | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     82228 | NS      | $3687103.52   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                      | KB Home COM                                                 | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     23010 | NS      | $1190767.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                               | Tecnoglass Inc COM USD0.0001                                | CUSIP: 000000000<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | KY        |     20444 | NS      | $910780.20    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                          | Ally Financial Inc. COM                                     | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    112336 | NS      | $4406941.28   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                             | Boise Cascade Co COM                                        | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     28346 | NS      | $2150044.10   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation             | Carpenter Technology Corporation COM                        | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      7304 | NS      | $2878871.60   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc.                                     | Box Inc. CL A                                               | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     53287 | NS      | $1259704.68   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                           | Liberty Energy Inc COM CL A                                 | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |    191611 | NS      | $5518396.80   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                      | Aramark COM                                                 | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     74410 | NS      | $3016581.40   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                             | SPS Commerce Inc COM                                        | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      6876 | NS      | $382786.92    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc                | Supernus Pharmaceuticals, Inc COM                           | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     58075 | NS      | $3001896.75   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                | Dynatrace Inc COM NEW                                       | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     54065 | NS      | $1999323.70   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                                   | Natera Inc. COM                                             | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     14462 | NS      | $2892255.38   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                         | SPX Technologies, Inc. COM                                  | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10906 | NS      | $2180545.64   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                      | Webster Financial Corp. COM                                 | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     73831 | NS      | $5125348.02   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                    | Gates Industrial Corp PLC COM USD0.01                       | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     99574 | NS      | $2251368.14   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corporation                | WillScot Holdings Corporation COM CL A                      | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     87488 | NS      | $1518791.68   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUEPRINT MEDICINES CORP                     | Blueprint Medicines Corporation NPV                         | CUSIP: 096CVR048<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |     23060 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Brinker International, Inc.                  | Brinker International, Inc. COM                             | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     15105 | NS      | $2156540.85   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNIAB INC                                   | OmniAb Inc. USD0.0001 A (USD15 VESTING)                     | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10854 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Dycom Industries, Inc.                       | Dycom Industries, Inc. COM                                  | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      1951 | NS      | $661037.82    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                            | Yeti Holdings Inc COM                                       | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     69410 | NS      | $2539711.90   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX COMPANY INC                             | Trex Company, Inc. COM                                      | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37074 | NS      | $1350235.08   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated   | Reinsurance Group of America, Incorporated COM NEW          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     23533 | NS      | $4804497.28   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                 | Stifel Financial Corporation COM                            | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     60321 | NS      | $4458928.32   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                 | Encompass Health Corporation COM                            | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     30868 | NS      | $2985861.64   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc.                                  | Rubrik Inc. CL A                                            | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     16038 | NS      | $785380.86    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                      | KBR Inc COM                                                 | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     52346 | NS      | $1929473.56   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                        | Lantheus Holdings Inc COM                                   | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     27046 | NS      | $2051439.10   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceuticals Inc               | Ultragenyx Pharmaceuticals Inc COM                          | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     31107 | NS      | $651691.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                          | Clean Harbors, Inc. COM                                     | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     14420 | NS      | $4134646.60   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                  | Inspire Medical Systems Inc COM                             | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     14219 | NS      | $733416.02    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                       | Permian Resources Corp CLASS A COM                          | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    325323 | NS      | $6935886.36   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                   | Kadant Inc COM                                              | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      5556 | NS      | $1624296.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated              | Jones Lang LaSalle Incorporated COM                         | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     10485 | NS      | $3190795.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC      | MACOM Technology Solutions Holdings Inc. COM                | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30620 | NS      | $6799783.40   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc.                                | Evercore Inc. CLASS A                                       | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     11986 | NS      | $3577940.86   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                                | Glaukos Corp. COM                                           | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     20506 | NS      | $2207675.96   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                   | Brixmor Property Group Inc COM                              | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    129735 | NS      | $3736368.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                    | Regal Rexnord Corporation COM                               | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     18535 | NS      | $3470864.10   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc.                     | Axsome Therapeutics Inc. COM                                | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     23432 | NS      | $3960476.64   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.    | Kratos Defense & Security Solutions, Inc. COM NEW           | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     10457 | NS      | $737323.07    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                          | Varonis Systems Inc COM                                     | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     73495 | NS      | $1577937.65   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                         | Repligen Corporation COM                                    | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     19962 | NS      | $2351922.84   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                  | Casella Waste Systems, Inc. CL A                            | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     25753 | NS      | $2043243.02   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                         | Southstate Bank Corp. COM                                   | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48013 | NS      | $4442162.76   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                    | Wesco International, Inc. COM                               | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     18916 | NS      | $5175795.92   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.               | Lincoln Electric Holdings Inc. COM                          | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     20184 | NS      | $5027430.72   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                        | Camden Property Trust SH BEN INT                            | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     37289 | NS      | $3641643.74   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated          | Ligand Pharmaceuticals Incorporated COM NEW                 | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     21421 | NS      | $4276702.65   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc.         | Applied Industrial Technologies Inc. COM                    | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     11072 | NS      | $2937623.04   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                  | Dick's Sporting Goods, Inc. COM                             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     22195 | NS      | $4401046.55   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software Inc COM                                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     26305 | NS      | $3934175.80   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corporation                     | Bloom Energy Corporation COM CL A                           | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      5932 | NS      | $803726.68    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                            | FTAI Aviation Ltd COM USD0.01                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6441 | NS      | $1578045.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                     | Yelp Inc CL A                                               | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     48328 | NS      | $1195634.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                         | Old National Bancorp COM                                    | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    191452 | NS      | $4231089.20   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                             | Malibu Boats Inc COM CL A                                   | CUSIP: 56117J100<br>LEI: 549300MHGS3WZNRLUK77 | Long             | EC               | CORP              | US        |     33899 | NS      | $878662.08    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc               | BJ Wholesale Club Holdings Inc COM                          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     42164 | NS      | $4149780.88   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                              | Astera Labs Inc COM                                         | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     18928 | NS      | $2074508.80   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                     | MKS Inc. COM                                                | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      7259 | NS      | $1668190.79   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                         | Federal Signal Corp. COM                                    | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     37937 | NS      | $4102507.18   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc COM                                     | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     19860 | NS      | $3279680.40   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                   | Neurocrine Biosciences Inc COM                              | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     26890 | NS      | $3542488.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                   | Atkore Inc COM                                              | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      8140 | NS      | $479527.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank   | Zions Bancorporation Natl Assn Global Bank COM              | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     64939 | NS      | $3741785.18   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC     | Knight-Swift Transportation Holdings Inc. CL A              | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53394 | NS      | $3074426.52   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1480360 | NS      | $1480359.76   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                              | BorgWarner Inc. COM                                         | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     59689 | NS      | $3238725.14   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                 | Life Time Group Holdings Inc COMMON STOCK                   | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96038 | NS      | $2587263.72   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited                | AXIS Capital Holdings Limited COM USD0.0125                 | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     50558 | NS      | $5127086.78   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                           | NVent Electric PLC SHS                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     10019 | NS      | $1185047.32   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics Inc COM                               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     48480 | NS      | $3133262.40   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                           | Madden(Steven)Ltd. COM                                      | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     56047 | NS      | $1901114.24   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc.                     | ExlService Holdings Inc. COM                                | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    103671 | NS      | $3156781.95   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                            | Essent Group Ltd. COM USD0.015                              | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |     41124 | NS      | $2403286.56   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                   | Kirby Corp COM                                              | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     37690 | NS      | $5008247.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                      | PTC Inc COM                                                 | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      9922 | NS      | $1413785.78   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                    | Spire Inc COM                                               | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     46294 | NS      | $4191458.76   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                      | Kite Realty Group Trust COM NEW                             | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130683 | NS      | $3208267.65   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | Fidelity Colchester Street Trust MNY MRKT FDS I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   1480360 | NS      | $1480359.55   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS INC                    | International Seaways Inc. COM NPV                          | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     21352 | NS      | $1556133.76   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                   | Silicon Laboratories, Inc. COM                              | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     19759 | NS      | $4112835.85   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                          | Semtech Corporation COM                                     | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     92195 | NS      | $7088873.55   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                      | Black Hills Corporation COM                                 | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     48183 | NS      | $3344382.03   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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