# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043071
**Filing Date:** 2023-2
**Character Count:** 40601
**Document Hash:** 9c6836fad22d4a7861bedc9628ebb1f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043071.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043071

**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:** 23674006

**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 Mid Cap Growth Fund (Series ID: S000006293)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017298 | Class R      | WMGRX           |
| C000017299 | Class A      | WMGAX           |
| C000017301 | Class C      | WMGCX           |
| C000017302 | Class Y      | WMGYX           |
| C000045549 | Class I      | IYMIX           |
| C000146684 | Class R6     | IGRFX           |

## Nport-Ex

## Schedule of investments
Delaware Ivy Mid Cap Growth Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 100.00%** | &nbsp;&nbsp;**Common Stocks — 100.00%** | &nbsp;&nbsp;**Common Stocks — 100.00%** |
| &nbsp;&nbsp;Communication Services — 5.86% | &nbsp;&nbsp;Communication Services — 5.86% | &nbsp;&nbsp;Communication Services — 5.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronic Arts | &nbsp;&nbsp;&nbsp;&nbsp;517473 | $63224851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pinterest Class A † | 5727910 | &nbsp;&nbsp; 139073655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shutterstock \* | 1004097 | &nbsp;&nbsp; 52935994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZoomInfo Technologies † | 1735810 | &nbsp;&nbsp; 52265239 |
|  |  | &nbsp;&nbsp; 307499739 |
| &nbsp;&nbsp;Consumer Discretionary — 14.99% | &nbsp;&nbsp;Consumer Discretionary — 14.99% | &nbsp;&nbsp;Consumer Discretionary — 14.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BorgWarner | 3183447 | &nbsp;&nbsp; 128133742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chipotle Mexican Grill † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84062 | &nbsp;&nbsp; 116635184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Floor & Decor Holdings Class A † | &nbsp;&nbsp;&nbsp;&nbsp;829030 | &nbsp;&nbsp; 57725359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Levi Strauss & Co. Class A \* | 3966496 | &nbsp;&nbsp; 61560018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lululemon Athletica † | &nbsp;&nbsp;&nbsp;&nbsp;247618 | &nbsp;&nbsp; 79331855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Vision Holdings \*, † | 2094140 | &nbsp;&nbsp; 81168866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On Holding Class A \*, † | 2986415 | &nbsp;&nbsp; 51246881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petco Health & Wellness \*, † | 3580872 | &nbsp;&nbsp; 33946667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool \* | &nbsp;&nbsp;&nbsp;&nbsp;281672 | &nbsp;&nbsp; 85157896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vail Resorts \* | &nbsp;&nbsp;&nbsp;&nbsp;384492 | &nbsp;&nbsp; 91643668 |
|  |  | &nbsp;&nbsp; 786550136 |
| &nbsp;&nbsp;Consumer Staples — 1.37% | &nbsp;&nbsp;Consumer Staples — 1.37% | &nbsp;&nbsp;Consumer Staples — 1.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown-Forman Class B | 1091777 | &nbsp;&nbsp; 71707913 |
|  |  | &nbsp;&nbsp; 71707913 |
| &nbsp;&nbsp;Financials — 7.12% | &nbsp;&nbsp;Financials — 7.12% | &nbsp;&nbsp;Financials — 7.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Republic Bank | &nbsp;&nbsp;&nbsp;&nbsp;767338 | &nbsp;&nbsp; 93530829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinsale Capital Group | &nbsp;&nbsp;&nbsp;&nbsp;207339 | &nbsp;&nbsp; 54223295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MarketAxess Holdings | &nbsp;&nbsp;&nbsp;&nbsp;587284 | &nbsp;&nbsp; 163787635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pinnacle Financial Partners | &nbsp;&nbsp;&nbsp;&nbsp;843816 | &nbsp;&nbsp; 61936094 |
|  |  | &nbsp;&nbsp; 373477853 |
| &nbsp;&nbsp;Healthcare — 18.79% | &nbsp;&nbsp;Healthcare — 18.79% | &nbsp;&nbsp;Healthcare — 18.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agilent Technologies | &nbsp;&nbsp;&nbsp;&nbsp;592890 | &nbsp;&nbsp; 88725989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bio-Techne | 1104932 | &nbsp;&nbsp; 91576764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dexcom † | 1800698 | &nbsp;&nbsp; 203911042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edwards Lifesciences † | &nbsp;&nbsp;&nbsp;&nbsp;935281 | &nbsp;&nbsp; 69781315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Envista Holdings \*, † | 2675706 | &nbsp;&nbsp; 90091021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genmab ADR † | 2297882 | &nbsp;&nbsp; 97384239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical † | &nbsp;&nbsp;&nbsp;&nbsp;404144 | &nbsp;&nbsp; 107239610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repligen \*, † | &nbsp;&nbsp;&nbsp;&nbsp;606625 | &nbsp;&nbsp; 102707679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagen † | &nbsp;&nbsp;&nbsp;&nbsp;642710 | &nbsp;&nbsp; 82594662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;West Pharmaceutical Services | &nbsp;&nbsp;&nbsp;&nbsp;221739 | &nbsp;&nbsp; 52186274 |
|  |  | &nbsp;&nbsp; 986198595 |
| &nbsp;&nbsp;Industrials — 16.38% | &nbsp;&nbsp;Industrials — 16.38% | &nbsp;&nbsp;Industrials — 16.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A O Smith | 1276004 | &nbsp;&nbsp; 73038469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clarivate † | 4499259 | &nbsp;&nbsp; 37523820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copart † | &nbsp;&nbsp;&nbsp;&nbsp;953111 | &nbsp;&nbsp; 58034929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoStar Group † | 3225114 | &nbsp;&nbsp; 249236810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fastenal | 1674307 | &nbsp;&nbsp; 79228207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generac Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;519204 | &nbsp;&nbsp; 52263075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HEICO Class A | 1023924 | &nbsp;&nbsp; 122717291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEX | &nbsp;&nbsp;&nbsp;&nbsp;344081 | &nbsp;&nbsp; 78564015 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Industrials (continued) | &nbsp;&nbsp;Industrials (continued) | &nbsp;&nbsp;Industrials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | &nbsp;&nbsp;&nbsp;&nbsp;220213 | $31818576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trex \*, † | 1828055 | &nbsp;&nbsp; 77381568 |
|  |  | &nbsp;&nbsp; 859806760 |
| &nbsp;&nbsp;Information Technology — 34.64% | &nbsp;&nbsp;Information Technology — 34.64% | &nbsp;&nbsp;Information Technology — 34.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arista Networks † | &nbsp;&nbsp;&nbsp;&nbsp;844404 | &nbsp;&nbsp; 102468425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coherent \*, † | 2354550 | &nbsp;&nbsp; 82644705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crowdstrike Holdings<br> Class A † | &nbsp;&nbsp;&nbsp;&nbsp;623898 | &nbsp;&nbsp; 65690220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DocuSign † | 1432097 | &nbsp;&nbsp; 79366816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EngageSmart \*, † | 1449717 | &nbsp;&nbsp; 25515019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Five9 † | &nbsp;&nbsp;&nbsp;&nbsp;935733 | &nbsp;&nbsp; 63498841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genpact | 1169636 | &nbsp;&nbsp; 54177540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HubSpot † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66488 | &nbsp;&nbsp; 19223675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;664678 | &nbsp;&nbsp; 113706466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Littelfuse | &nbsp;&nbsp;&nbsp;&nbsp;263241 | &nbsp;&nbsp; 57965668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology | 2510521 | &nbsp;&nbsp; 92989698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology | 1799191 | &nbsp;&nbsp; 126393168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems | &nbsp;&nbsp;&nbsp;&nbsp;417242 | &nbsp;&nbsp; 147540944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novanta † | &nbsp;&nbsp;&nbsp;&nbsp;489253 | &nbsp;&nbsp; 66474805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paycom Software † | &nbsp;&nbsp;&nbsp;&nbsp;381927 | &nbsp;&nbsp; 118515767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teradyne \* | 1330071 | &nbsp;&nbsp; 116181702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade Desk Class A \*, † | 1634985 | &nbsp;&nbsp; 73296378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trimble † | 1487991 | &nbsp;&nbsp; 75232825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;320353 | &nbsp;&nbsp; 103285011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universal Display | &nbsp;&nbsp;&nbsp;&nbsp;676250 | &nbsp;&nbsp; 73062050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Workday Class A † | &nbsp;&nbsp;&nbsp;&nbsp;335577 | &nbsp;&nbsp; 56152099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Workiva \*, † | &nbsp;&nbsp;&nbsp;&nbsp;812396 | &nbsp;&nbsp; 68216892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zebra Technologies Class A † | &nbsp;&nbsp;&nbsp;&nbsp;143426 | &nbsp;&nbsp; 36775861 |
|  |  | &nbsp;&nbsp; 1818374575 |
| &nbsp;&nbsp;Materials — 0.85% | &nbsp;&nbsp;Materials — 0.85% | &nbsp;&nbsp;Materials — 0.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials | &nbsp;&nbsp;&nbsp;&nbsp;132785 | &nbsp;&nbsp; 44877347 |
|  |  | &nbsp;&nbsp; 44877347 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $4,465,065,786)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $4,465,065,786)** | &nbsp;&nbsp; **5248492918** |
| &nbsp;&nbsp;**Short-Term Investments — 0.06%** | &nbsp;&nbsp;**Short-Term Investments — 0.06%** | &nbsp;&nbsp;**Short-Term Investments — 0.06%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.06% | &nbsp;&nbsp;Money Market Mutual Funds — 0.06% | &nbsp;&nbsp;Money Market Mutual Funds — 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | &nbsp;&nbsp;&nbsp;&nbsp;803612 | &nbsp;&nbsp; 803612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | &nbsp;&nbsp;&nbsp;&nbsp;803612 | &nbsp;&nbsp; 803612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | &nbsp;&nbsp;&nbsp;&nbsp;803612 | &nbsp;&nbsp; 803612 |

---

NQ-IV068 [12/22] 2/23 (2747691) 1

------

Delaware Ivy Mid Cap Growth Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | &nbsp;&nbsp;&nbsp;&nbsp;803611 | $803611 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $3,214,447)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $3,214,447)** | &nbsp;&nbsp; **3214447** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral—100.06%<br> (cost $4,468,280,233)** | &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral—100.06%<br> (cost $4,468,280,233)** | &nbsp;&nbsp; **5251707365** |
| &nbsp;&nbsp;**Securities Lending Collateral — 0.72%** | &nbsp;&nbsp;**Securities Lending Collateral — 0.72%** | &nbsp;&nbsp;**Securities Lending Collateral — 0.72%** |
| &nbsp;&nbsp;Money Market Mutual Fund — 0.72% | &nbsp;&nbsp;Money Market Mutual Fund — 0.72% | &nbsp;&nbsp;Money Market Mutual Fund — 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 38000201 | &nbsp;&nbsp;&nbsp; 38000201 |
| &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $38,000,201)** | &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $38,000,201)** | &nbsp;&nbsp; **38000201** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.78%<br> (cost $4,506,280,434)** |  | &nbsp;&nbsp;**5,289,707,566■** |
| &nbsp;&nbsp;&nbsp;**Obligation to Return<br> Securities Lending<br> Collateral — (0.72%)** |  | &nbsp;&nbsp;&nbsp; **(38000201)** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets — (0.06%)** |  | &nbsp;&nbsp;&nbsp; **(3064623)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 205,708,989 Shares Outstanding—100.00%** |  | &nbsp;&nbsp; **$5248642742** |

---

---

| | |
|:---|:---|
| <sup>†</sup> | Non-income producing security. |
| <sup>\*</sup> | Fully or partially on loan. |
| ■ | Includes $126,845,146 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $91,665,388. |

---

---

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

---

2 NQ-IV068 [12/22] 2/23 (2747691)

## 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 Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000006293

- **c. LEI of Series:** XSXMTLL0BOLLO6D4X454

**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:** $5309100946.44

**Total Liabilities:** $53893124.57

**Net Assets:** $5255207821.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017301 | 5.43%                | 6.67%                | -5.86%               |
| Class ID C000146684 | 5.53%                | 6.76%                | -5.81%               |
| Class ID C000045549 | 5.52%                | 6.77%                | -5.81%               |
| Class ID C000017299 | 5.48%                | 6.73%                | -5.83%               |
| Class ID C000017298 | 5.50%                | 6.71%                | -5.86%               |
| Class ID C000017302 | 5.49%                | 6.75%                | -5.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $58285280.20             | $231015717.84                              |
| Month 2  | $100626015.24            | $265568326.65                              |
| Month 3  | $76139415.73             | $-401746963.64                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intuitive Surgical Inc                         | Intuitive Surgical Inc                         | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    404144 | NS      | $107239610.40 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA                         | First Republic Bank/CA                         | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |    767338 | NS      | $93530828.82  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                        | Zebra Technologies Corp                        | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |    140622 | NS      | $36056887.02  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                            | Arista Networks Inc                            | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    844404 | NS      | $102468425.40 | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                         | Universal Display Corp                         | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    676250 | NS      | $73062050.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                    | Workiva Inc                                    | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |    812396 | NS      | $68216892.12  | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Repligen Corp                                  | Repligen Corp                                  | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    606625 | NS      | $102707678.75 | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Trimble Inc                                    | Trimble Inc                                    | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |   1487991 | NS      | $75232824.96  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                 | BorgWarner Inc                                 | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |   3183447 | NS      | $128133741.75 | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                              | Brown-Forman Corp                              | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |   1091777 | NS      | $71707913.36  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                    | Workday Inc                                    | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    335577 | NS      | $56152099.41  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                     | Genmab A/S                                     | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |   2297882 | NS      | $97384239.16  | 1.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Marvell Technology Inc                         | Marvell Technology Inc                         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2510521 | NS      | $92989697.84  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                  | Pinterest Inc                                  | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5727910 | NS      | $139073654.80 | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                         | Tyler Technologies Inc                         | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |    320353 | NS      | $103285010.73 | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co                              | Levi Strauss & Co                              | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |   3966496 | NS      | $61560017.92  | 1.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Floor & Decor Holdings Inc                     | Floor & Decor Holdings Inc                     | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    829030 | NS      | $57725358.90  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                     | Chipotle Mexican Grill Inc                     | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84062 | NS      | $116635184.38 | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                                  | Clarivate PLC                                  | CUSIP: 000000000<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | GB        |   4499259 | NS      | $37523820.06  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen Inc                                     | Seagen Inc                                     | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    642710 | NS      | $82594662.10  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                 | Littelfuse Inc                                 | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |    263241 | NS      | $57965668.20  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                       | Microchip Technology Inc                       | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |   1799191 | NS      | $126393167.75 | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                  | Lincoln Electric Holdings Inc                  | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    220213 | NS      | $31818576.37  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    803612 | NS      | $803611.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    803612 | NS      | $803611.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                      | Pool Corp                                      | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |    281672 | NS      | $85157895.76  | 1.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Pinnacle Financial Partners In                 | Pinnacle Financial Partners Inc                | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |    843816 | NS      | $61936094.40  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                    | HubSpot Inc                                    | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     66488 | NS      | $19223675.44  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                  | Martin Marietta Materials Inc                  | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    128035 | NS      | $43271988.95  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                     | Copart Inc                                     | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    953111 | NS      | $58034928.79  | 1.10%             |  |  |  | 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        |    803612 | NS      | $803611.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                      | ZoomInfo Technologies Inc                      | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1735810 | NS      | $52265239.10  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                   | Teradyne Inc                                   | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |   1330071 | NS      | $116181701.85 | 2.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Monolithic Power Systems Inc                   | Monolithic Power Systems Inc                   | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    417242 | NS      | $147540943.62 | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                            | Paycom Software Inc                            | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |    381927 | NS      | $118515767.37 | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                           | Generac Holdings Inc                           | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    519204 | NS      | $52263074.64  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                                   | DocuSign Inc                                   | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |   1377730 | NS      | $76353796.60  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                 | A O Smith Corp                                 | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |   1276004 | NS      | $73038468.96  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                   | National Vision Holdings Inc                   | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |   2094140 | NS      | $81168866.40  | 1.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Novanta Inc                                    | Novanta Inc                                    | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    489253 | NS      | $66474805.11  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                      | Keysight Technologies Inc                      | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |    664678 | NS      | $113706465.46 | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                        | Lululemon Athletica Inc                        | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |    247618 | NS      | $79331854.84  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                    | Genpact Ltd                                    | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |   1169636 | NS      | $54177539.52  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                                      | Five9 Inc                                      | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |    935733 | NS      | $63498841.38  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                      | Kinsale Capital Group Inc                      | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |    207339 | NS      | $54223295.28  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                      | Edwards Lifesciences Corp                      | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |    935281 | NS      | $69781315.41  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EngageSmart Inc                                | EngageSmart Inc                                | CUSIP: 29283F103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1449717 | NS      | $25515019.20  | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Agilent Technologies Inc                       | Agilent Technologies Inc                       | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    592890 | NS      | $88725988.50  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                     | HEICO Corp                                     | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |   1023924 | NS      | $122717291.40 | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                               | Shutterstock Inc                               | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |   1004097 | NS      | $52935993.84  | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| MarketAxess Holdings Inc                       | MarketAxess Holdings Inc                       | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |    587284 | NS      | $163787634.76 | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                  | On Holding AG                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |   2986415 | NS      | $51246881.40  | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Coherent Corp                                  | Coherent Corp                                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |   2354550 | NS      | $82644705.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Vail Resorts Inc                               | Vail Resorts Inc                               | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    384492 | NS      | $91643668.20  | 1.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Crowdstrike Holdings Inc                       | Crowdstrike Holdings Inc                       | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    621036 | NS      | $65388880.44  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I                 | West Pharmaceutical Services Inc               | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |    221739 | NS      | $52186273.65  | 0.99%             |  |  |  | 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        |  38000201 | NS      | $38000201.40  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                          | Envista Holdings Corp                          | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |   2675706 | NS      | $90091021.02  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                            | Electronic Arts Inc                            | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    517473 | NS      | $63224851.14  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    803612 | NS      | $803611.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                      | IDEX Corp                                      | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |    344081 | NS      | $78564014.73  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Petco Health & Wellness Co Inc                 | Petco Health & Wellness Co Inc                 | CUSIP: 71601V105<br>LEI: 2549007TYGV6RVSE9M61 | Long             | EC               | CORP              | US        |   3580872 | NS      | $33946666.56  | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Trex Co Inc                                    | Trex Co Inc                                    | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1828055 | NS      | $77381568.15  | 1.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Dexcom Inc                                     | Dexcom Inc                                     | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |   1800698 | NS      | $203911041.52 | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                               | CoStar Group Inc                               | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3225114 | NS      | $249236809.92 | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                    | Fastenal Co                                    | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   1674307 | NS      | $79228207.24  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                | Bio-Techne Corp                                | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |   1104932 | NS      | $91576764.16  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                             | Trade Desk Inc/The                             | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |   1634985 | NS      | $73296377.55  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |

### 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