# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-25-207350
**Filing Date:** 2025-8
**Character Count:** 39746
**Document Hash:** 3f4fb0b3c25e7ff84b6ecaad6b0805a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207350.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207350

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**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:** 251261410

**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 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 | Institutional Class | IYMIX           |
| C000146684 | Class R6            | IGRFX           |

## Nport-Ex

## Schedule of investments
Macquarie Mid Cap Growth Fund

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.61%♣** | &nbsp;&nbsp;**Common Stocks — 99.61%♣** | &nbsp;&nbsp;**Common Stocks — 99.61%♣** |
| &nbsp;&nbsp;Communication Services — 3.07% | &nbsp;&nbsp;Communication Services — 3.07% | &nbsp;&nbsp;Communication Services — 3.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pinterest Class A † | 2168373 | $77757856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade Desk Class A † | 1026494 | &nbsp;&nbsp; 73897303 |
|  |  | &nbsp;&nbsp; 151655159 |
| &nbsp;&nbsp;Consumer Discretionary — 17.08% | &nbsp;&nbsp;Consumer Discretionary — 17.08% | &nbsp;&nbsp;Consumer Discretionary — 17.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boot Barn Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;453707 | &nbsp;&nbsp; 68963464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dutch Bros Class A † | &nbsp;&nbsp;&nbsp;&nbsp;696415 | &nbsp;&nbsp; 47613894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedia Group | &nbsp;&nbsp;&nbsp;&nbsp;440797 | &nbsp;&nbsp; 74353638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Floor & Decor Holdings Class A † | 1236544 | &nbsp;&nbsp; 93927882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On Holding Class A † | 1689397 | &nbsp;&nbsp; 87933114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool | &nbsp;&nbsp;&nbsp;&nbsp;305746 | &nbsp;&nbsp; 89118844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;491089 | &nbsp;&nbsp; 153779609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SharkNinja † | &nbsp;&nbsp;&nbsp;&nbsp;867940 | &nbsp;&nbsp; 85917381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry | &nbsp;&nbsp;&nbsp;&nbsp;724107 | &nbsp;&nbsp; 63583836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tractor Supply | 1510685 | &nbsp;&nbsp; 79718847 |
|  |  | &nbsp;&nbsp; 844910509 |
| &nbsp;&nbsp;Consumer Staples — 1.19% | &nbsp;&nbsp;Consumer Staples — 1.19% | &nbsp;&nbsp;Consumer Staples — 1.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casey's General Stores | &nbsp;&nbsp;&nbsp;&nbsp;114918 | &nbsp;&nbsp; 58639208 |
|  |  | &nbsp;&nbsp; 58639208 |
| &nbsp;&nbsp;Financials — 9.77% | &nbsp;&nbsp;Financials — 9.77% | &nbsp;&nbsp;Financials — 9.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Capital | 4028830 | &nbsp;&nbsp; 77393824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown & Brown | &nbsp;&nbsp;&nbsp;&nbsp;665660 | &nbsp;&nbsp; 73801724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corpay † | &nbsp;&nbsp;&nbsp;&nbsp;286829 | &nbsp;&nbsp; 95175599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinsale Capital Group | &nbsp;&nbsp;&nbsp;&nbsp;161727 | &nbsp;&nbsp; 78259696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LPL Financial Holdings | &nbsp;&nbsp;&nbsp;&nbsp;267497 | &nbsp;&nbsp; 100303350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toast Class A † | 1316125 | &nbsp;&nbsp; 58291176 |
|  |  | &nbsp;&nbsp; 483225369 |
| &nbsp;&nbsp;Healthcare — 16.69% | &nbsp;&nbsp;Healthcare — 16.69% | &nbsp;&nbsp;Healthcare — 16.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Align Technology † | &nbsp;&nbsp;&nbsp;&nbsp;380463 | &nbsp;&nbsp; 72033060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alnylam Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;250047 | &nbsp;&nbsp; 81537826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bio-Techne | 1310315 | &nbsp;&nbsp; 67415707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edwards Lifesciences † | &nbsp;&nbsp;&nbsp;&nbsp;728483 | &nbsp;&nbsp; 56974655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX Laboratories † | &nbsp;&nbsp;&nbsp;&nbsp;326192 | &nbsp;&nbsp; 174949817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inspire Medical Systems † | &nbsp;&nbsp;&nbsp;&nbsp;338794 | &nbsp;&nbsp; 43965297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insulet † | &nbsp;&nbsp;&nbsp;&nbsp;405865 | &nbsp;&nbsp; 127514666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ionis Pharmaceuticals † | 1165423 | &nbsp;&nbsp; 46045863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veeva Systems Class A † | &nbsp;&nbsp;&nbsp;&nbsp;334400 | &nbsp;&nbsp; 96300512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waystar Holding † | 1429703 | &nbsp;&nbsp; 58431962 |
|  |  | &nbsp;&nbsp; 825169365 |
| &nbsp;&nbsp;Industrials — 20.57% | &nbsp;&nbsp;Industrials — 20.57% | &nbsp;&nbsp;Industrials — 20.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding | &nbsp;&nbsp;&nbsp;&nbsp;484660 | &nbsp;&nbsp; 50467646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies | &nbsp;&nbsp;&nbsp;&nbsp;450205 | &nbsp;&nbsp; 64856532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copart † | 1110750 | &nbsp;&nbsp; 54504503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCOR Group | &nbsp;&nbsp;&nbsp;&nbsp;14923 | &nbsp;&nbsp; 7982163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fastenal | 2981804 | &nbsp;&nbsp; 125235768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generac Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;604189 | &nbsp;&nbsp; 86525907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HEICO Class A | &nbsp;&nbsp;&nbsp;&nbsp;408229 | &nbsp;&nbsp; 105629254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;609640 | &nbsp;&nbsp; 113472293 |

---

---

| | | |
|:---|:---|:---|
|  | **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;Kratos Defense & Security Solutions † | &nbsp;&nbsp;&nbsp;&nbsp;573404 | $26634616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | &nbsp;&nbsp;&nbsp;&nbsp;407682 | &nbsp;&nbsp; 84520632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old Dominion Freight Line | &nbsp;&nbsp;&nbsp;&nbsp;378455 | &nbsp;&nbsp; 61423246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paylocity Holding † | &nbsp;&nbsp;&nbsp;&nbsp;346672 | &nbsp;&nbsp; 62813500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services | &nbsp;&nbsp;&nbsp;&nbsp;39819 | &nbsp;&nbsp; 15054768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rollins | 1474582 | &nbsp;&nbsp; 83195916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPX Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;46415 | &nbsp;&nbsp; 7782867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trex † | 1237964 | &nbsp;&nbsp; 67320482 |
|  |  | &nbsp;&nbsp;1017420093 |
| &nbsp;&nbsp;Information Technology — 26.06% | &nbsp;&nbsp;Information Technology — 26.06% | &nbsp;&nbsp;Information Technology — 26.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appfolio Class A † | &nbsp;&nbsp;&nbsp;&nbsp;43336 | &nbsp;&nbsp; 9979414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLovin Class A † | &nbsp;&nbsp;&nbsp;&nbsp;157133 | &nbsp;&nbsp; 55009121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bentley Systems Class B | &nbsp;&nbsp;&nbsp;&nbsp;969140 | &nbsp;&nbsp; 52304486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW | &nbsp;&nbsp;&nbsp;&nbsp;337837 | &nbsp;&nbsp; 60334310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clearwater Analytics Holdings Class A † | 1900873 | &nbsp;&nbsp; 41686145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloudflare Class A † | &nbsp;&nbsp;&nbsp;&nbsp;654422 | &nbsp;&nbsp; 128155460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coherent † | &nbsp;&nbsp;&nbsp;&nbsp;890528 | &nbsp;&nbsp; 79444003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CyberArk Software † | &nbsp;&nbsp;&nbsp;&nbsp;158661 | &nbsp;&nbsp; 64555988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Datadog Class A † | &nbsp;&nbsp;&nbsp;&nbsp;889274 | &nbsp;&nbsp; 119456176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HubSpot † | &nbsp;&nbsp;&nbsp;&nbsp;161903 | &nbsp;&nbsp; 90120067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Itron † | &nbsp;&nbsp;&nbsp;&nbsp;434583 | &nbsp;&nbsp; 57204160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor † | &nbsp;&nbsp;&nbsp;&nbsp;549040 | &nbsp;&nbsp; 26897470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MACOM Technology Solutions Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;440363 | &nbsp;&nbsp; 63099614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manhattan Associates † | &nbsp;&nbsp;&nbsp;&nbsp;131357 | &nbsp;&nbsp; 25939067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monday.com † | &nbsp;&nbsp;&nbsp;&nbsp;194992 | &nbsp;&nbsp; 61321084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems | &nbsp;&nbsp;&nbsp;&nbsp;139361 | &nbsp;&nbsp; 101925848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novanta † | &nbsp;&nbsp;&nbsp;&nbsp;593862 | &nbsp;&nbsp; 76566628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowflake Class A † | &nbsp;&nbsp;&nbsp;&nbsp;444911 | &nbsp;&nbsp; 99557734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;127059 | &nbsp;&nbsp; 75325657 |
|  |  | &nbsp;&nbsp;1288882432 |
| &nbsp;&nbsp;Materials — 1.76% | &nbsp;&nbsp;Materials — 1.76% | &nbsp;&nbsp;Materials — 1.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials | &nbsp;&nbsp;&nbsp;&nbsp;158432 | &nbsp;&nbsp; 86972830 |
|  |  | &nbsp;&nbsp; 86972830 |
| &nbsp;&nbsp;Real Estate — 3.42% | &nbsp;&nbsp;Real Estate — 3.42% | &nbsp;&nbsp;Real Estate — 3.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoStar Group † | 2105087 | &nbsp;&nbsp; 169248995 |
|  |  | &nbsp;&nbsp; 169248995 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $3,731,754,719)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $3,731,754,719)** | &nbsp;&nbsp;**4926123960** |
| &nbsp;&nbsp;**Short-Term Investments — 0.36%** | &nbsp;&nbsp;**Short-Term Investments — 0.36%** | &nbsp;&nbsp;**Short-Term Investments — 0.36%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.36% | &nbsp;&nbsp;Money Market Mutual Funds — 0.36% | &nbsp;&nbsp;Money Market Mutual Funds — 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.22%) | 4471801 | &nbsp;&nbsp; 4471801 |

---

NQ- IV068 [0625] 0825 (4730784) 1

------

Macquarie Mid Cap Growth Fund

---

| | | |
|:---|:---|:---|
|  | **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;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.23%) | 4471801 | $4471801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.30%) | 4471801 | &nbsp;&nbsp; 4471801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.23%) | 4471801 | &nbsp;&nbsp; 4471801 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $17,887,204)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $17,887,204)** | &nbsp;&nbsp; **17887204** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.97%<br> (cost $3,749,641,923)** |  | &nbsp;&nbsp;**4944011164** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.03%** |  | &nbsp;&nbsp; **1378681** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 176,915,038 Shares Outstanding—100.00%** |  | **$4945389845** |

---

♣ Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. <br> † Non-income producing security.

2 NQ- IV068 [0625] 0825 (4730784)

## 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 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:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $4981891990.39

**Total Liabilities:** $14044609.52

**Net Assets:** $4967847380.87

**Cash Not Reported:** $4307.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017301 | -1.73%               | 8.45%                | 4.38%                |
| Class ID C000146684 | -1.62%               | 8.55%                | 4.47%                |
| Class ID C000045549 | -1.60%               | 8.53%                | 4.44%                |
| Class ID C000017299 | -1.66%               | 8.51%                | 4.41%                |
| Class ID C000017298 | -1.64%               | 8.46%                | 4.43%                |
| Class ID C000017302 | -1.65%               | 8.51%                | 4.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1354803.20              | $-84072449.50                              |
| Month 2  | $-47757037.42            | $449612224.40                              |
| Month 3  | $49445826.41             | $166753724.18                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   4471801 | NS      | $4471800.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                    | Datadog Inc                                    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    889274 | NS      | $119456176.42 | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                  | AppLovin Corp                                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    157133 | NS      | $55009120.64  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                     | Floor & Decor Holdings Inc                     | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |   1236544 | NS      | $93927882.24  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                                 | Dutch Bros Inc                                 | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    696415 | NS      | $47613893.55  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   4471801 | NS      | $4471800.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                            | Bentley Systems Inc                            | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |    969140 | NS      | $52304485.80  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                    | Inspire Medical Systems Inc                    | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |    338794 | NS      | $43965297.38  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol                 | MACOM Technology Solutions Holdings Inc        | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    440363 | NS      | $63099614.27  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                              | Expedia Group Inc                              | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    440797 | NS      | $74353637.96  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                     | HEICO Corp                                     | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    408229 | NS      | $105629253.75 | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Co                 | Booz Allen Hamilton Holding Corp               | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    484660 | NS      | $50467645.80  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                  | Lincoln Electric Holdings Inc                  | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    407682 | NS      | $84520632.24  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                           | Blue Owl Capital Inc                           | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4028830 | NS      | $77393824.30  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                      | Toast Inc                                      | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |   1316125 | NS      | $58291176.25  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                           | Generac Holdings Inc                           | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    604189 | NS      | $86525906.69  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                   | Appfolio Inc                                   | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |    117114 | NS      | $26969011.92  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                    | HubSpot Inc                                    | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |    161903 | NS      | $90120066.89  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                              | Brown & Brown Inc                              | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    665660 | NS      | $73801724.20  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                                 | SharkNinja Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    867940 | NS      | $85917380.60  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                     | Lattice Semiconductor Corp                     | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    967947 | NS      | $47419723.53  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                           | Align Technology Inc                           | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    380463 | NS      | $72033059.79  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu                 | Kratos Defense & Security Solutions Inc        | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    573404 | NS      | $26634615.80  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                      | Pool Corp                                      | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |    305746 | NS      | $89118844.08  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                    | Fastenal Co                                    | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   2981804 | NS      | $125235768.00 | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                     | LPL Financial Holdings Inc                     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |    267497 | NS      | $100303350.09 | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                    | Rollins Inc                                    | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |   1474582 | NS      | $83195916.44  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                           | Waystar Holding Corp                           | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1429703 | NS      | $58431961.61  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                  | On Holding AG                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |   1689397 | NS      | $87933113.85  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                          | CyberArk Software Ltd                          | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |    158661 | NS      | $64555987.68  | 1.30%             |  |  |  | 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        |   4471801 | NS      | $4471800.95   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                      | Edwards Lifesciences Corp                      | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |    728483 | NS      | $56974655.43  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                      | Ionis Pharmaceuticals Inc                      | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |   1165423 | NS      | $46045862.73  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                         | Tyler Technologies Inc                         | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |    127059 | NS      | $75325657.56  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | Tapestry Inc                                   | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    724107 | NS      | $63583835.67  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                         | Paylocity Holding Corp                         | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |    346672 | NS      | $62813499.68  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                               | CoStar Group Inc                               | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |   2105087 | NS      | $169248994.80 | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                         | Boot Barn Holdings Inc                         | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |    453707 | NS      | $68963464.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                  | Martin Marietta Materials Inc                  | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    158432 | NS      | $86972830.72  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                  | Snowflake Inc                                  | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    444911 | NS      | $99557734.47  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                   | Insulet Corp                                   | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |    405865 | NS      | $127514665.70 | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                 | Cloudflare Inc                                 | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    654422 | NS      | $128155460.26 | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                  | Old Dominion Freight Line Inc                  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    506132 | NS      | $82145223.60  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                       | Manhattan Associates Inc                       | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |    131357 | NS      | $25939066.79  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                      | Kinsale Capital Group Inc                      | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |    161727 | NS      | $78259695.30  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                     | Corpay Inc                                     | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |    286829 | NS      | $95175598.78  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                     | Copart Inc                                     | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |   1110750 | NS      | $54504502.50  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                         | IDEXX Laboratories Inc                         | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |    326192 | NS      | $174949817.28 | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                | Bio-Techne Corp                                | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |   1310315 | NS      | $67415706.75  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   4471801 | NS      | $4471800.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                  | Pinterest Inc                                  | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2168373 | NS      | $77757855.78  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                             | Trade Desk Inc/The                             | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |   1026494 | NS      | $73897303.06  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace Inc                           | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    609640 | NS      | $113472293.20 | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                 | Monday.com Ltd                                 | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |    194992 | NS      | $61321084.16  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                     | Casey's General Stores Inc                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |    114918 | NS      | $58639207.86  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                    | Royal Caribbean Cruises Ltd                    | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |    491089 | NS      | $153779609.46 | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                              | Veeva Systems Inc                              | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    334400 | NS      | $96300512.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                           | BWX Technologies Inc                           | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    450205 | NS      | $64856532.30  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings                  | Clearwater Analytics Holdings Inc              | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1900873 | NS      | $41686144.89  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                  | Coherent Corp                                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    890528 | NS      | $79444002.88  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                   | Monolithic Power Systems Inc                   | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    139361 | NS      | $101925848.18 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                    | Trex Co Inc                                    | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1237964 | NS      | $67320482.32  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                      | Itron Inc                                      | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |    434583 | NS      | $57204160.29  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                    | Novanta Inc                                    | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    593862 | NS      | $76566627.66  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                              | Tractor Supply Co                              | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |   1510685 | NS      | $79718847.45  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                    | CDW Corp/DE                                    | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    337837 | NS      | $60334309.83  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                    | Alnylam Pharmaceuticals Inc                    | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |    250047 | NS      | $81537826.23  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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