# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-25-010125
**Filing Date:** 2025-11
**Character Count:** 13520
**Document Hash:** db67fd39e8284c096b820c933cc5ae53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010125.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010125

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251515883

**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

### Macquarie Climate Solutions Fund (Series ID: S000011242)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000030961 | Class A             | IEYAX           |
| C000030963 | Class C             | IEYCX           |
| C000030964 | Class Y             | IEYYX           |
| C000045550 | Institutional Class | IVEIX           |
| C000122152 | Class R             | IYEFX           |
| C000146685 | Class R6            | IENRX           |

## 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:** Macquarie Climate Solutions Fund

- **b. EDGAR series identifier (if any):** S000011242

- **c. LEI of Series:** 7VPJ6M109QX5QEGF5V86

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $101203657.92

**Total Liabilities:** $283567.95

**Net Assets:** $100920089.97

**Cash Not Reported:** $2324450.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146685 | 3.31%                | 1.90%                | 5.10%                |
| Class ID C000045550 | 3.32%                | 1.91%                | 5.03%                |
| Class ID C000030964 | 3.19%                | 1.96%                | 4.95%                |
| Class ID C000030963 | 3.22%                | 1.85%                | 4.99%                |
| Class ID C000122152 | 3.32%                | 1.82%                | 5.04%                |
| Class ID C000030961 | 3.27%                | 1.90%                | 4.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $101666.26               | $3027928.35                                |
| Month 2  | $485244.78               | $1259676.01                                |
| Month 3  | $1070951.03              | $3720152.28                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Waste Management Inc       | Waste Management Inc       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     17144 | NS      | $3785909.52   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC         | Anglo American PLC         | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    123707 | NS      | $4664661.15   | 4.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc         | NextEra Energy Inc         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     42808 | NS      | $3231575.92   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                  | Shell PLC                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     20013 | NS      | $1431529.89   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp            | CMS Energy Corp            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     52784 | NS      | $3866955.84   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE      | Schneider Electric SE      | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     15131 | NS      | $4258954.67   | 4.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp                | Ameren Corp                | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     38908 | NS      | $4061217.04   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                     | RWE AG                     | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     99826 | NS      | $4440131.99   | 4.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                    | SSE PLC                    | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    141237 | NS      | $3312813.49   | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co            | Weyerhaeuser Co            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    133744 | NS      | $3315513.76   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                  | Holcim AG                  | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     33992 | NS      | $2900352.57   | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Cummins Inc                | Cummins Inc                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     10102 | NS      | $4266781.74   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd  | West Fraser Timber Co Ltd  | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     19580 | NS      | $1331079.83   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp         | Valero Energy Corp         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     21909 | NS      | $3730226.34   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC         | Kingspan Group PLC         | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     44316 | NS      | $3705301.87   | 3.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Neste Oyj                  | Neste Oyj                  | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    152385 | NS      | $2799884.94   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| AES Corp/The               | AES Corp/The               | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    197120 | NS      | $2594099.20   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                | Nutrien Ltd                | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     63855 | NS      | $3748927.05   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc | CF Industries Holdings Inc | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     40656 | NS      | $3646843.20   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp  | Occidental Petroleum Corp  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     63671 | NS      | $3008454.75   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc         | Steel Dynamics Inc         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     23331 | NS      | $3253041.33   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV            | Schlumberger NV            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     82188 | NS      | $2824801.56   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc            | First Solar Inc            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     18398 | NS      | $4057310.94   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc               | NiSource Inc               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     86251 | NS      | $3734668.30   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                 | Alcoa Corp                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    107242 | NS      | $3527189.38   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA          | EDP Renovaveis SA          | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    288668 | NS      | $3815195.99   | 3.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey PLC        | Johnson Matthey PLC        | CUSIP: 000000000<br>LEI: 2138001AVBSD1HSC6Z10 | Long             | EC               | CORP              | GB        |     61786 | NS      | $1673951.05   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc            | Xcel Energy Inc            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     55496 | NS      | $4475752.40   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd           | CLP Holdings Ltd           | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    356000 | NS      | $2945653.23   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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