# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043087
**Filing Date:** 2023-2
**Character Count:** 47059
**Document Hash:** 38e99597ca86aea19eeb1b2005a0bc14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043087.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043087

**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:** 23674023

**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 Small Cap Growth Fund (Series ID: S000006286)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017268 | Class R      | WSGRX           |
| C000017269 | Class A      | WSGAX           |
| C000017271 | Class C      | WRGCX           |
| C000017272 | Class Y      | WSCYX           |
| C000045543 | Class I      | IYSIX           |
| C000146679 | Class R6     | IRGFX           |

## Nport-Ex

## Schedule of investments
Delaware Ivy Small Cap Growth Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.66%** | &nbsp;&nbsp;**Common Stocks — 99.66%** | &nbsp;&nbsp;**Common Stocks — 99.66%** |
| &nbsp;&nbsp;Communication Services — 1.59% | &nbsp;&nbsp;Communication Services — 1.59% | &nbsp;&nbsp;Communication Services — 1.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iridium Communications † | &nbsp;&nbsp;&nbsp;&nbsp;312071 | $16040449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media Group | &nbsp;&nbsp;&nbsp;&nbsp;41386 | &nbsp;&nbsp; 7243792 |
|  |  | &nbsp;&nbsp; 23284241 |
| &nbsp;&nbsp;Consumer Discretionary — 14.37% | &nbsp;&nbsp;Consumer Discretionary — 14.37% | &nbsp;&nbsp;Consumer Discretionary — 14.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boot Barn Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;256352 | &nbsp;&nbsp; 16027127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fox Factory Holding † | &nbsp;&nbsp;&nbsp;&nbsp;306390 | &nbsp;&nbsp; 27951960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marriott Vacations Worldwide | &nbsp;&nbsp;&nbsp;&nbsp;250497 | &nbsp;&nbsp; 33714391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monarch Casino & Resort † | &nbsp;&nbsp;&nbsp;&nbsp;371003 | &nbsp;&nbsp; 28526421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Red Rock Resorts Class A | &nbsp;&nbsp;&nbsp;&nbsp;885065 | &nbsp;&nbsp; 35411450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse | &nbsp;&nbsp;&nbsp;&nbsp;325633 | &nbsp;&nbsp; 29616321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visteon † | &nbsp;&nbsp;&nbsp;&nbsp;270196 | &nbsp;&nbsp; 35349743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xometry Class A \*, † | &nbsp;&nbsp;&nbsp;&nbsp;120773 | &nbsp;&nbsp; 3892514 |
|  |  | &nbsp;&nbsp; 210489927 |
| &nbsp;&nbsp;Consumer Staples — 5.59% | &nbsp;&nbsp;Consumer Staples — 5.59% | &nbsp;&nbsp;Consumer Staples — 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;615188 | &nbsp;&nbsp; 40700838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duckhorn Portfolio \*, † | &nbsp;&nbsp;&nbsp;&nbsp;842127 | &nbsp;&nbsp; 13954044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MGP Ingredients \* | &nbsp;&nbsp;&nbsp;&nbsp;176120 | &nbsp;&nbsp; 18735646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovos Brands † | &nbsp;&nbsp;&nbsp;&nbsp;593840 | &nbsp;&nbsp; 8533481 |
|  |  | &nbsp;&nbsp; 81924009 |
| &nbsp;&nbsp;Energy — 6.14% | &nbsp;&nbsp;Energy — 6.14% | &nbsp;&nbsp;Energy — 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cactus Class A | &nbsp;&nbsp;&nbsp;&nbsp;645502 | &nbsp;&nbsp; 32442931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liberty Energy | &nbsp;&nbsp;&nbsp;&nbsp;911432 | &nbsp;&nbsp; 14592026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Oil and Gas \* | &nbsp;&nbsp;&nbsp;&nbsp;334228 | &nbsp;&nbsp; 10300907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SM Energy | &nbsp;&nbsp;&nbsp;&nbsp;445776 | &nbsp;&nbsp; 15526378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weatherford International † | &nbsp;&nbsp;&nbsp;&nbsp;335471 | &nbsp;&nbsp; 17082183 |
|  |  | &nbsp;&nbsp; 89944425 |
| &nbsp;&nbsp;Financials — 4.56% | &nbsp;&nbsp;Financials — 4.56% | &nbsp;&nbsp;Financials — 4.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Focus Financial Partners Class A † | &nbsp;&nbsp;&nbsp;&nbsp;330831 | &nbsp;&nbsp; 12330071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Houlihan Lokey | &nbsp;&nbsp;&nbsp;&nbsp;123774 | &nbsp;&nbsp; 10788142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinsale Capital Group | &nbsp;&nbsp;&nbsp;&nbsp;123255 | &nbsp;&nbsp; 32233648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seacoast Banking \* | &nbsp;&nbsp;&nbsp;&nbsp;364227 | &nbsp;&nbsp; 11360240 |
|  |  | &nbsp;&nbsp; 66712101 |
| &nbsp;&nbsp;Healthcare — 21.92% | &nbsp;&nbsp;Healthcare — 21.92% | &nbsp;&nbsp;Healthcare — 21.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMN Healthcare Services † | &nbsp;&nbsp;&nbsp;&nbsp;135657 | &nbsp;&nbsp; 13948253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axonics \*, † | &nbsp;&nbsp;&nbsp;&nbsp;256710 | &nbsp;&nbsp; 16052076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CareDx † | &nbsp;&nbsp;&nbsp;&nbsp;638380 | &nbsp;&nbsp; 7283916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CryoPort † | 1052326 | &nbsp;&nbsp; 18257856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cytek Biosciences † | &nbsp;&nbsp;&nbsp;&nbsp;761390 | &nbsp;&nbsp; 7773792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evolent Health Class A † | &nbsp;&nbsp;&nbsp;&nbsp;749560 | &nbsp;&nbsp; 21047645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings \*, † | &nbsp;&nbsp;&nbsp;&nbsp;498665 | &nbsp;&nbsp; 27476442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inmode † | &nbsp;&nbsp;&nbsp;&nbsp;843049 | &nbsp;&nbsp; 30096849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insmed † | &nbsp;&nbsp;&nbsp;&nbsp;401882 | &nbsp;&nbsp; 8029602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Option Care Health † | &nbsp;&nbsp;&nbsp;&nbsp;605966 | &nbsp;&nbsp; 18233517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacira BioSciences \*, † | &nbsp;&nbsp;&nbsp;&nbsp;608745 | &nbsp;&nbsp; 23503645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Penumbra † | &nbsp;&nbsp;&nbsp;&nbsp;128657 | &nbsp;&nbsp; 28621036 |

---

---

| | | |
|:---|:---|:---|
|  | **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;Privia Health Group † | &nbsp;&nbsp;&nbsp;&nbsp;913382 | $20742905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progyny † | &nbsp;&nbsp;&nbsp;&nbsp;947974 | &nbsp;&nbsp; 29529390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PTC Therapeutics † | &nbsp;&nbsp;&nbsp;&nbsp;163273 | &nbsp;&nbsp; 6232130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tandem Diabetes Care † | &nbsp;&nbsp;&nbsp;&nbsp;211804 | &nbsp;&nbsp; 9520590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransMedics Group † | &nbsp;&nbsp;&nbsp;&nbsp;232175 | &nbsp;&nbsp; 14329841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vericel † | &nbsp;&nbsp;&nbsp;&nbsp;770614 | &nbsp;&nbsp; 20297973 |
|  |  | &nbsp;&nbsp; 320977458 |
| &nbsp;&nbsp;Industrials — 19.47% | &nbsp;&nbsp;Industrials — 19.47% | &nbsp;&nbsp;Industrials — 19.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAON | &nbsp;&nbsp;&nbsp;&nbsp;156538 | &nbsp;&nbsp; 11790442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Transport Services Group † | &nbsp;&nbsp;&nbsp;&nbsp;789565 | &nbsp;&nbsp; 20512899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casella Waste Systems Class A † | &nbsp;&nbsp;&nbsp;&nbsp;355509 | &nbsp;&nbsp; 28195419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CBIZ † | &nbsp;&nbsp;&nbsp;&nbsp;143801 | &nbsp;&nbsp; 6737077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chart Industries † | &nbsp;&nbsp;&nbsp;&nbsp;81864 | &nbsp;&nbsp; 9433189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clean Harbors † | &nbsp;&nbsp;&nbsp;&nbsp;244329 | &nbsp;&nbsp; 27882825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;358855 | &nbsp;&nbsp; 26497853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evoqua Water Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;529261 | &nbsp;&nbsp; 20958736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kirby † | &nbsp;&nbsp;&nbsp;&nbsp;364624 | &nbsp;&nbsp; 23463554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kornit Digital † | &nbsp;&nbsp;&nbsp;&nbsp;265294 | &nbsp;&nbsp; 6093803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parsons † | &nbsp;&nbsp;&nbsp;&nbsp;179691 | &nbsp;&nbsp; 8310709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RBC Bearings † | &nbsp;&nbsp;&nbsp;&nbsp;108101 | &nbsp;&nbsp; 22630944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saia \*, † | &nbsp;&nbsp;&nbsp;&nbsp;102662 | &nbsp;&nbsp; 21526168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shoals Technologies Group Class A \*, † | 1058047 | &nbsp;&nbsp; 26102020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valmont Industries | &nbsp;&nbsp;&nbsp;&nbsp;75499 | &nbsp;&nbsp; 24965254 |
|  |  | &nbsp;&nbsp; 285100892 |
| &nbsp;&nbsp;Information Technology — 23.64% | &nbsp;&nbsp;Information Technology — 23.64% | &nbsp;&nbsp;Information Technology — 23.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro MicroSystems \*, † | 1338950 | &nbsp;&nbsp; 40195279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belden | &nbsp;&nbsp;&nbsp;&nbsp;145811 | &nbsp;&nbsp; 10483811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Box Class A † | &nbsp;&nbsp;&nbsp;&nbsp;743215 | &nbsp;&nbsp; 23136283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calix † | &nbsp;&nbsp;&nbsp;&nbsp;183010 | &nbsp;&nbsp; 12523374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CyberArk Software † | &nbsp;&nbsp;&nbsp;&nbsp;223066 | &nbsp;&nbsp; 28920507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoubleVerify Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;717466 | &nbsp;&nbsp; 15755553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Five9 † | &nbsp;&nbsp;&nbsp;&nbsp;211495 | &nbsp;&nbsp; 14352051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Globant † | &nbsp;&nbsp;&nbsp;&nbsp;138942 | &nbsp;&nbsp; 23364487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instructure Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;635429 | &nbsp;&nbsp; 14894456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jamf Holding \*, † | &nbsp;&nbsp;&nbsp;&nbsp;484780 | &nbsp;&nbsp; 10325814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onto Innovation † | &nbsp;&nbsp;&nbsp;&nbsp;139324 | &nbsp;&nbsp; 9486571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paycor HCM \*, † | 1240516 | &nbsp;&nbsp; 30355426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Power Integrations | &nbsp;&nbsp;&nbsp;&nbsp;184587 | &nbsp;&nbsp; 13238580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shift4 Payments Class A † | &nbsp;&nbsp;&nbsp;&nbsp;410301 | &nbsp;&nbsp; 22948135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smartsheet Class A † | &nbsp;&nbsp;&nbsp;&nbsp;572374 | &nbsp;&nbsp; 22528640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprout Social Class A † | &nbsp;&nbsp;&nbsp;&nbsp;385143 | &nbsp;&nbsp; 21745174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenable Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;554775 | &nbsp;&nbsp; 21164666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viavi Solutions † | 1021525 | &nbsp;&nbsp; 10736228 |
|  |  | &nbsp;&nbsp; 346155035 |

---

NQ-IV002 [12/22] 2/23 (2741204) 1

------

Delaware Ivy Small Cap Growth 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;Materials — 1.54% | &nbsp;&nbsp;Materials — 1.54% | &nbsp;&nbsp;Materials — 1.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ATI † | &nbsp;&nbsp;&nbsp;&nbsp;753723 | $22506169 |
|  |  | &nbsp;&nbsp; 22506169 |
| &nbsp;&nbsp;Real Estate — 0.84% | &nbsp;&nbsp;Real Estate — 0.84% | &nbsp;&nbsp;Real Estate — 0.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryman Hospitality Properties | &nbsp;&nbsp;&nbsp;&nbsp;151243 | &nbsp;&nbsp; 12368652 |
|  |  | &nbsp;&nbsp; 12368652 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $1,391,313,526)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $1,391,313,526)** | &nbsp;&nbsp; **1459462909** |
| &nbsp;&nbsp;**Short-Term Investments — 0.43%** | &nbsp;&nbsp;**Short-Term Investments — 0.43%** | &nbsp;&nbsp;**Short-Term Investments — 0.43%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.43% | &nbsp;&nbsp;Money Market Mutual Funds — 0.43% | &nbsp;&nbsp;Money Market Mutual Funds — 0.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 1577202 | &nbsp;&nbsp; 1577202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 1577203 | &nbsp;&nbsp; 1577203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 1577202 | &nbsp;&nbsp; 1577202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 1577202 | &nbsp;&nbsp; 1577202 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $6,308,809)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $6,308,809)** | &nbsp;&nbsp; **6308809** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral—100.09%<br> (cost $1,397,622,335)** | &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral—100.09%<br> (cost $1,397,622,335)** | &nbsp;&nbsp; **1465771718** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Securities Lending Collateral — 0.28%** | &nbsp;&nbsp;**Securities Lending Collateral — 0.28%** | &nbsp;&nbsp;**Securities Lending Collateral — 0.28%** |
| &nbsp;&nbsp;Money Market Mutual Fund — 0.28% | &nbsp;&nbsp;Money Market Mutual Fund — 0.28% | &nbsp;&nbsp;Money Market Mutual Fund — 0.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 4142773 | $4142773 |
| &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $4,142,773)** | &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $4,142,773)** | &nbsp;&nbsp; **4142773** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.37%<br> (cost $1,401,765,108)** |  | &nbsp;&nbsp;**1,469,914,491■** |
| &nbsp;&nbsp;&nbsp;**Obligation to Return<br> Securities Lending<br> Collateral — (0.28%)** |  | &nbsp;&nbsp;&nbsp; **(4142733)** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets — (0.09%)** |  | &nbsp;&nbsp;&nbsp; **(1345056)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 110,873,255 Shares Outstanding—100.00%** |  | &nbsp;&nbsp; **$1464426662** |

---

---

| | |
|:---|:---|
| <sup>†</sup> | Non-income producing security. |
| <sup>\*</sup> | Fully or partially on loan. |
| ■ | Includes $65,737,823 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $63,295,828. |

---

2 NQ-IV002 [12/22] 2/23 (2741204)

## 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 Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000006286

- **c. LEI of Series:** E84UK33D68IU4QQ6WU59

**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:** $1476496234.62

**Total Liabilities:** $9078097.21

**Net Assets:** $1467418137.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146679 | 10.07%               | -0.79%               | -7.61%               |
| Class ID C000017269 | 10.04%               | -0.81%               | -7.62%               |
| Class ID C000017272 | 10.05%               | -0.78%               | -7.68%               |
| Class ID C000017271 | 9.99%                | -0.81%               | -7.74%               |
| Class ID C000017268 | 10.01%               | -0.85%               | -7.69%               |
| Class ID C000045543 | 10.05%               | -0.79%               | -7.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-19482000.32            | $179152200.76                              |
| Month 2  | $9885720.47              | $-25004040.44                              |
| Month 3  | $756703.18               | $-124429730.33                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Axonics Inc                                    | Axonics Inc                                    | CUSIP: 05465P101<br>LEI: 549300LJY4X7N57VJL05 | Long             | EC               | CORP              | US        |    256710 | NS      | $16052076.30  | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Parsons Corp                                   | Parsons Corp                                   | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    179691 | NS      | $8310708.75   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                   | SM Energy Co                                   | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    445776 | NS      | $15526378.08  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1577202 | NS      | $1577202.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                                    | Xometry Inc                                    | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |    120773 | NS      | $3892513.79   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Monarch Casino & Resort Inc                    | Monarch Casino & Resort Inc                    | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |    371003 | NS      | $28526420.67  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Evoqua Water Technologies Corp                 | Evoqua Water Technologies Corp                 | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               | CORP              | US        |    529261 | NS      | $20958735.60  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                    | Progyny Inc                                    | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    947974 | NS      | $29529390.10  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                         | Option Care Health Inc                         | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    605966 | NS      | $18233516.94  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc                           | PTC Therapeutics Inc                           | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |    163273 | NS      | $6232130.41   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                     | Kirby Corp                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    364624 | NS      | $23463554.40  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                   | Visteon Corp                                   | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |    270196 | NS      | $35349742.68  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1577202 | NS      | $1577202.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Duckhorn Portfolio Inc/The                     | Duckhorn Portfolio Inc/The                     | CUSIP: 26414D106<br>LEI: 2549003BCT5CJSKJ9X51 | Long             | EC               | CORP              | US        |    842127 | NS      | $13954044.39  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Marriott Vacations Worldwide C                 | Marriott Vacations Worldwide Corp              | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |    250497 | NS      | $33714391.23  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                     | Cactus Inc                                     | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |    645502 | NS      | $32442930.52  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                        | Box Inc                                        | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |    743215 | NS      | $23136282.95  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                    | AMN Healthcare Services Inc                    | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    135657 | NS      | $13948252.74  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Focus Financial Partners Inc                   | Focus Financial Partners Inc                   | CUSIP: 34417P100<br>LEI: 5493006FFJCGLZ246V12 | Long             | EC               | CORP              | US        |    330831 | NS      | $12330071.37  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings I                 | Harmony Biosciences Holdings Inc               | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    498665 | NS      | $27476441.50  | 1.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Calix Inc                                      | Calix Inc                                      | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |    183010 | NS      | $12523374.30  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc                             | Evolent Health Inc                             | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    749560 | NS      | $21047644.80  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I                 | Ryman Hospitality Properties Inc               | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |    151243 | NS      | $12368652.54  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                        | Nexstar Media Group Inc                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     41386 | NS      | $7243791.58   | 0.49%             |  |  |  | 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        |    653295 | NS      | $43221997.20  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                       | Allegro MicroSystems Inc                       | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1338950 | NS      | $40195279.00  | 2.74%             |  |  |  | No            |                  1 | On Loan: —       |
| CryoPort Inc                                   | CryoPort Inc                                   | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |   1052326 | NS      | $18257856.10  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Transport Services Group I                 | Air Transport Services Group Inc               | CUSIP: 00922R105<br>LEI: 5493000F3MSFGIXTQE27 | Long             | EC               | CORP              | US        |    789565 | NS      | $20512898.70  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                             | Houlihan Lokey Inc                             | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    123774 | NS      | $10788141.84  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS INST PREF GOVT PLUS MMF - SL #4134     | DREYFUS INST PREF GOVT PLUS MMF - SL #4134     | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4142773 | NS      | $4142772.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartsheet Inc                                 | Smartsheet Inc                                 | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               | CORP              | US        |    572374 | NS      | $22528640.64  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas Inc                       | Northern Oil and Gas Inc                       | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    334228 | NS      | $10300906.96  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Five9 Inc                                      | Five9 Inc                                      | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |    211495 | NS      | $14352050.70  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                        | ATI Inc                                        | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    753723 | NS      | $22506168.78  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                     | Belden Inc                                     | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |    145811 | NS      | $10483810.90  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                             | Liberty Energy Inc                             | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    911432 | NS      | $14592026.32  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                      | Kinsale Capital Group Inc                      | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |    123255 | NS      | $32233647.60  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                            | Viavi Solutions Inc                            | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |   1021525 | NS      | $10736227.75  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sovos Brands Inc                               | Sovos Brands Inc                               | CUSIP: 84612U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    593840 | NS      | $8533480.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycor HCM Inc                                 | Paycor HCM Inc                                 | CUSIP: 70435P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1240516 | NS      | $30355426.52  | 2.07%             |  |  |  | No            |                  1 | On Loan: —       |
| DoubleVerify Holdings Inc                      | DoubleVerify Holdings Inc                      | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    717466 | NS      | $15755553.36  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                     | Insmed Inc                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    401882 | NS      | $8029602.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                     | CareDx Inc                                     | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |    638380 | NS      | $7283915.80   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                         | Power Integrations Inc                         | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |    184587 | NS      | $13238579.64  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                     | Iridium Communications Inc                     | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |    312071 | NS      | $16040449.40  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                        | Privia Health Group Inc                        | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    913382 | NS      | $20742905.22  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                          | TransMedics Group Inc                          | CUSIP: 89377M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    218041 | NS      | $13457490.52  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                           | Tenable Holdings Inc                           | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |    554775 | NS      | $21164666.25  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kornit Digital Ltd                             | Kornit Digital Ltd                             | CUSIP: 000000000<br>LEI: 5299006DPCQWP3VTFK34 | Long             | EC               | CORP              | IL        |    265294 | NS      | $6093803.18   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamf Holding Corp                              | Jamf Holding Corp                              | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               | CORP              | US        |    484780 | NS      | $10325814.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Casella Waste Systems Inc                      | Casella Waste Systems Inc                      | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |    355509 | NS      | $28195418.79  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                  | Weatherford International PLC                  | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |    335471 | NS      | $17082183.32  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                            | Onto Innovation Inc                            | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    139324 | NS      | $9486571.16   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                   | Penumbra Inc                                   | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |    128657 | NS      | $28621036.22  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1577202 | NS      | $1577202.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                          | CyberArk Software Ltd                          | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |    223066 | NS      | $28920506.90  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                            | MGP Ingredients Inc                            | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |    176120 | NS      | $18735645.60  | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Red Rock Resorts Inc                           | Red Rock Resorts Inc                           | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    885065 | NS      | $35411450.65  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                           | Chart Industries Inc                           | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     81864 | NS      | $9433188.72   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences Inc                          | Cytek Biosciences Inc                          | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |    761390 | NS      | $7773791.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                        | EnerSys                                        | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |    358855 | NS      | $26497853.20  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Flori                 | Seacoast Banking Corp of Florida               | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    364227 | NS      | $11360240.13  | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Globant SA                                     | Globant SA                                     | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | UY        |    138942 | NS      | $23364486.72  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                       | Saia Inc                                       | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |    102662 | NS      | $21526168.16  | 1.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Tandem Diabetes Care Inc                       | Tandem Diabetes Care Inc                       | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |    211804 | NS      | $9520589.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                            | Shift4 Payments Inc                            | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410301 | NS      | $22948134.93  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                   | Vericel Corp                                   | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |    770614 | NS      | $20297972.76  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                              | Clean Harbors Inc                              | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |    244329 | NS      | $27882825.48  | 1.90%             |  |  |  | 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        |   1577202 | NS      | $1577202.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                               | RBC Bearings Inc                               | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108101 | NS      | $22630944.35  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                     | Inmode Ltd                                     | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |    843049 | NS      | $30096849.30  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Instructure Holdings Inc                       | Instructure Holdings Inc                       | CUSIP: 457790103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    635429 | NS      | $14894455.76  | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| AAON Inc                                       | AAON Inc                                       | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156538 | NS      | $11790442.16  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                            | Texas Roadhouse Inc                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    325633 | NS      | $29616321.35  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                  | Shoals Technologies Group Inc                  | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1058047 | NS      | $26102019.49  | 1.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Fox Factory Holding Corp                       | Fox Factory Holding Corp                       | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |    306390 | NS      | $27951959.70  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                       | CBIZ Inc                                       | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |    143801 | NS      | $6737076.85   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc                         | Pacira BioSciences Inc                         | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    608745 | NS      | $23503644.45  | 1.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Valmont Industries Inc                         | Valmont Industries Inc                         | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     75499 | NS      | $24965254.33  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                         | Boot Barn Holdings Inc                         | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |    256352 | NS      | $16027127.04  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                              | Sprout Social Inc                              | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    385143 | NS      | $21745173.78  | 1.48%             |  |  |  | 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