# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043068
**Filing Date:** 2023-2
**Character Count:** 75861
**Document Hash:** 9c5bb5c0bf85f7e6e5db875c02917aac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043068.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043068

**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**: 20230930

**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:** 23674002

**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 Sustainable Equity Income Fund (Series ID: S000057248)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000182589 | Class A      | IDAAX           |
| C000182591 | Class I      | IDAIX           |
| C000182592 | Class R6     | IDANX           |
| C000182593 | Class R      | IDARX           |

## Nport-Ex

## Schedule of investments
Delaware Sustainable Equity Income Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 102.87%** | &nbsp;&nbsp;**Common Stocks — 102.87%** | &nbsp;&nbsp;**Common Stocks — 102.87%** |
| &nbsp;&nbsp;Communication Services — 8.24% | &nbsp;&nbsp;Communication Services — 8.24% | &nbsp;&nbsp;Communication Services — 8.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class C † | 11510 | $1021282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T | 45950 | &nbsp;&nbsp; 845939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast Class A | 25100 | &nbsp;&nbsp; 877747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interpublic Group | 13350 | &nbsp;&nbsp; 444689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms Class A † | 8670 | &nbsp;&nbsp; 1043348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix † | 1470 | &nbsp;&nbsp; 433474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omnicom Group | 7430 | &nbsp;&nbsp; 606065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paramount Global Class B | 20670 | &nbsp;&nbsp; 348910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US † | 3480 | &nbsp;&nbsp; 487200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 28770 | &nbsp;&nbsp; 1133538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walt Disney † | 8640 | &nbsp;&nbsp; 750643 |
|  |  | &nbsp;&nbsp; 7992835 |
| &nbsp;&nbsp;Consumer Discretionary — 5.70% | &nbsp;&nbsp;Consumer Discretionary — 5.70% | &nbsp;&nbsp;Consumer Discretionary — 5.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eBay | 10090 | &nbsp;&nbsp; 418432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor | 33180 | &nbsp;&nbsp; 385883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | 3280 | &nbsp;&nbsp; 414461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lear | 3100 | &nbsp;&nbsp; 384462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 2090 | &nbsp;&nbsp; 416412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McDonald's | 4020 | &nbsp;&nbsp; 1059391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks | 6500 | &nbsp;&nbsp; 644800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry | 12190 | &nbsp;&nbsp; 464195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Target | 3760 | &nbsp;&nbsp; 560390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whirlpool | 2760 | &nbsp;&nbsp; 390430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yum! Brands | 3090 | &nbsp;&nbsp; 395767 |
|  |  | &nbsp;&nbsp; 5534623 |
| &nbsp;&nbsp;Consumer Staples — 7.82% | &nbsp;&nbsp;Consumer Staples — 7.82% | &nbsp;&nbsp;Consumer Staples — 7.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | 4820 | &nbsp;&nbsp; 447537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 10800 | &nbsp;&nbsp; 686988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conagra Brands | 11220 | &nbsp;&nbsp; 434214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Mills | 6650 | &nbsp;&nbsp; 557602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hormel Foods | 8760 | &nbsp;&nbsp; 399018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingredion | 4040 | &nbsp;&nbsp; 395637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J M Smucker | 3200 | &nbsp;&nbsp; 507072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keurig Dr Pepper | 12540 | &nbsp;&nbsp; 447176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PepsiCo | 2610 | &nbsp;&nbsp; 471523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 9500 | &nbsp;&nbsp; 1439820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walgreens Boots Alliance | 10520 | &nbsp;&nbsp; 393027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walmart | 9940 | &nbsp;&nbsp; 1409393 |
|  |  | &nbsp;&nbsp; 7589007 |
| &nbsp;&nbsp;Energy — 7.87% | &nbsp;&nbsp;Energy — 7.87% | &nbsp;&nbsp;Energy — 7.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes | 46410 | &nbsp;&nbsp; 1370487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess | 17590 | &nbsp;&nbsp; 2494614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pioneer Natural Resources | 9780 | &nbsp;&nbsp; 2233654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger | 28820 | &nbsp;&nbsp; 1540717 |
|  |  | &nbsp;&nbsp; 7639472 |
| &nbsp;&nbsp;Financials — 20.20% | &nbsp;&nbsp;Financials — 20.20% | &nbsp;&nbsp;Financials — 20.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aflac | 6220 | &nbsp;&nbsp; 447467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express | 5030 | &nbsp;&nbsp; 743182 |

---

NQ-IV925 [12/22] 2/23 (2747688) 1

------

Delaware Sustainable Equity Income Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) | &nbsp;&nbsp;Financials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American International Group | 7380 | $466711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur J Gallagher & Co. | 2580 | &nbsp;&nbsp; 486433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 43400 | &nbsp;&nbsp; 1437408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of New York Mellon | 8740 | &nbsp;&nbsp; 397845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock | 1120 | &nbsp;&nbsp; 793666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial | 4320 | &nbsp;&nbsp; 401587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chubb | 2410 | &nbsp;&nbsp; 531646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 33780 | &nbsp;&nbsp; 1108322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group | 3110 | &nbsp;&nbsp; 1067912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 19430 | &nbsp;&nbsp; 2605563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KeyCorp | 54290 | &nbsp;&nbsp; 945732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lazard Class A | 10540 | &nbsp;&nbsp; 365422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MetLife | 10240 | &nbsp;&nbsp; 741069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moody's | 1790 | &nbsp;&nbsp; 498730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 8480 | &nbsp;&nbsp; 720970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI | &nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp; 367484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nasdaq | 6420 | &nbsp;&nbsp; 393867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Trust | 4680 | &nbsp;&nbsp; 414133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Popular | 9360 | &nbsp;&nbsp; 620755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Group | 4490 | &nbsp;&nbsp; 376801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Financial | 7740 | &nbsp;&nbsp; 769820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P Global | 2650 | &nbsp;&nbsp; 887591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street | 4950 | &nbsp;&nbsp; 383971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synchrony Financial | 13620 | &nbsp;&nbsp; 447553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T Rowe Price Group | 3270 | &nbsp;&nbsp; 356626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 18770 | &nbsp;&nbsp; 818560 |
|  |  | &nbsp;&nbsp; 19596826 |
| &nbsp;&nbsp;Healthcare — 18.24% | &nbsp;&nbsp;Healthcare — 18.24% | &nbsp;&nbsp;Healthcare — 18.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 10710 | &nbsp;&nbsp; 1175851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Becton Dickinson and Co. | 2870 | &nbsp;&nbsp; 729841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Scientific † | 15410 | &nbsp;&nbsp; 713021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 14880 | &nbsp;&nbsp; 1070616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centene † | 6640 | &nbsp;&nbsp; 544546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cigna | 2210 | &nbsp;&nbsp; 732261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVS Health | 8450 | &nbsp;&nbsp; 787456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaher | 3710 | &nbsp;&nbsp; 984708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elevance Health | 1120 | &nbsp;&nbsp; 574526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 1360 | &nbsp;&nbsp; 497542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences | 9930 | &nbsp;&nbsp; 852491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 15420 | &nbsp;&nbsp; 2723943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medtronic | 12160 | &nbsp;&nbsp; 945075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Co. | 10510 | &nbsp;&nbsp; 1166085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moderna † | 2340 | &nbsp;&nbsp; 420311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pfizer | 34590 | &nbsp;&nbsp; 1772392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp; 418464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 2040 | &nbsp;&nbsp; 1123408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp; 466558 |
|  |  | &nbsp;&nbsp; 17699095 |

---

2 NQ-IV925 [12/22] 2/23 (2747688)

------

(Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Industrials — 10.82% | &nbsp;&nbsp;Industrials — 10.82% | &nbsp;&nbsp;Industrials — 10.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M | 5650 | $677548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boeing † | 2230 | &nbsp;&nbsp; 424793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX | 16870 | &nbsp;&nbsp; 522633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cummins | 2230 | &nbsp;&nbsp; 540307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eaton | 4400 | &nbsp;&nbsp; 690580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerson Electric | 6260 | &nbsp;&nbsp; 601336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Electric | 6060 | &nbsp;&nbsp; 507767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honeywell International | 3700 | &nbsp;&nbsp; 792910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingersoll Rand | 8310 | &nbsp;&nbsp; 434197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson Controls International | 6560 | &nbsp;&nbsp; 419840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norfolk Southern | 2580 | &nbsp;&nbsp; 635764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northrop Grumman | &nbsp;&nbsp;&nbsp;&nbsp;930 | &nbsp;&nbsp; 507417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PACCAR | 6050 | &nbsp;&nbsp; 598768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raytheon Technologies | 10620 | &nbsp;&nbsp; 1071770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic Services | 4110 | &nbsp;&nbsp; 530149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trane Technologies | 2370 | &nbsp;&nbsp; 398373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies † | 14820 | &nbsp;&nbsp; 366499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service Class B | 2210 | &nbsp;&nbsp; 384186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xylem | 3540 | &nbsp;&nbsp; 391418 |
|  |  | &nbsp;&nbsp; 10496255 |
| &nbsp;&nbsp;Information Technology — 8.73% | &nbsp;&nbsp;Information Technology — 8.73% | &nbsp;&nbsp;Information Technology — 8.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices † | 5560 | &nbsp;&nbsp; 360121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amdocs | 5700 | &nbsp;&nbsp; 518130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices | 4700 | &nbsp;&nbsp; 770941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 31600 | &nbsp;&nbsp; 1505424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cognizant Technology Solutions Class A | 10130 | &nbsp;&nbsp; 579335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corning | 11970 | &nbsp;&nbsp; 382322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GoDaddy Class A † | 5490 | &nbsp;&nbsp; 410762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise | 28960 | &nbsp;&nbsp; 462202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel | 30700 | &nbsp;&nbsp; 811401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 4440 | &nbsp;&nbsp; 625551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Juniper Networks | 12960 | &nbsp;&nbsp; 414202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology | 10590 | &nbsp;&nbsp; 392254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings † | 6310 | &nbsp;&nbsp; 449398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce † | 5950 | &nbsp;&nbsp; 788910 |
|  |  | &nbsp;&nbsp; 8470953 |
| &nbsp;&nbsp;Materials — 4.28% | &nbsp;&nbsp;Materials — 4.28% | &nbsp;&nbsp;Materials — 4.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amcor | 32430 | &nbsp;&nbsp; 386241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corteva | 9730 | &nbsp;&nbsp; 571929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dow | 7850 | &nbsp;&nbsp; 395562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DuPont de Nemours | 5900 | &nbsp;&nbsp; 404917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Flavors & Fragrances | 3770 | &nbsp;&nbsp; 395247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Paper | 11390 | &nbsp;&nbsp; 394436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LyondellBasell Industries Class A | 4800 | &nbsp;&nbsp; 398544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mosaic | 8560 | &nbsp;&nbsp; 375527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmont | 8650 | &nbsp;&nbsp; 408280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sonoco Products | 7010 | &nbsp;&nbsp; 425577 |
|  |  | &nbsp;&nbsp; 4156260 |

---

NQ-IV925 [12/22] 2/23 (2747688) 3

------

Delaware Sustainable Equity Income Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** | &nbsp;&nbsp;**Common Stocks (continued)** |
| &nbsp;&nbsp;Real Estate — 1.39% | &nbsp;&nbsp;Real Estate — 1.39% | &nbsp;&nbsp;Real Estate — 1.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain | 7660 | $381851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rexford Industrial Realty | 10220 | &nbsp;&nbsp; 558421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SL Green Realty | 12040 | &nbsp;&nbsp; 405989 |
|  |  | &nbsp;&nbsp; 1346261 |
| &nbsp;&nbsp;REIT Diversified — 0.77% | &nbsp;&nbsp;REIT Diversified — 0.77% | &nbsp;&nbsp;REIT Diversified — 0.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust | 3600 | &nbsp;&nbsp; 360972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weyerhaeuser | 12450 | &nbsp;&nbsp; 385950 |
|  |  | &nbsp;&nbsp; 746922 |
| &nbsp;&nbsp;REIT Healthcare — 0.41% | &nbsp;&nbsp;REIT Healthcare — 0.41% | &nbsp;&nbsp;REIT Healthcare — 0.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Welltower | 6090 | &nbsp;&nbsp; 399200 |
|  |  | &nbsp;&nbsp; 399200 |
| &nbsp;&nbsp;REIT Industrial — 0.92% | &nbsp;&nbsp;REIT Industrial — 0.92% | &nbsp;&nbsp;REIT Industrial — 0.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis | 7940 | &nbsp;&nbsp; 895076 |
|  |  | &nbsp;&nbsp; 895076 |
| &nbsp;&nbsp;REIT Mall — 0.67% | &nbsp;&nbsp;REIT Mall — 0.67% | &nbsp;&nbsp;REIT Mall — 0.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group | 5500 | &nbsp;&nbsp; 646140 |
|  |  | &nbsp;&nbsp; 646140 |
| &nbsp;&nbsp;REIT Multifamily — 0.51% | &nbsp;&nbsp;REIT Multifamily — 0.51% | &nbsp;&nbsp;REIT Multifamily — 0.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AvalonBay Communities | 3050 | &nbsp;&nbsp; 492636 |
|  |  | &nbsp;&nbsp; 492636 |
| &nbsp;&nbsp;REIT Office — 0.39% | &nbsp;&nbsp;REIT Office — 0.39% | &nbsp;&nbsp;REIT Office — 0.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vornado Realty Trust | 18410 | &nbsp;&nbsp; 383112 |
|  |  | &nbsp;&nbsp; 383112 |
| &nbsp;&nbsp;Utilities — 5.91% | &nbsp;&nbsp;Utilities — 5.91% | &nbsp;&nbsp;Utilities — 5.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Electric Power | 7420 | &nbsp;&nbsp; 704529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy | 7670 | &nbsp;&nbsp; 470324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edison International | 8400 | &nbsp;&nbsp; 534408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entergy | 5180 | &nbsp;&nbsp; 582750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exelon | 11410 | &nbsp;&nbsp; 493254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | 12410 | &nbsp;&nbsp; 1037476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 8460 | &nbsp;&nbsp; 518344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sempra Energy | 3860 | &nbsp;&nbsp; 596525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern | 11160 | &nbsp;&nbsp; 796936 |
|  |  | &nbsp;&nbsp; 5734546 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $92,236,955)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $92,236,955)** | &nbsp;&nbsp; **99819219** |
| &nbsp;&nbsp;**Short-Term Investments — 0.30%** | &nbsp;&nbsp;**Short-Term Investments — 0.30%** | &nbsp;&nbsp;**Short-Term Investments — 0.30%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.30% | &nbsp;&nbsp;Money Market Mutual Funds — 0.30% | &nbsp;&nbsp;Money Market Mutual Funds — 0.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 73045 | &nbsp;&nbsp; 73045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 73045 | &nbsp;&nbsp; 73045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 73045 | &nbsp;&nbsp; 73045 |

---

4 NQ-IV925 [12/22] 2/23 (2747688)

------

(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%) | 73045 | $73045 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $292,180)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $292,180)** | &nbsp;&nbsp; **292180** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—103.17%<br> (cost $92,529,135)** |  | &nbsp;&nbsp;**100111399** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(3.17%)** |  | &nbsp;&nbsp;&nbsp; **(3075972)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 17,814,034 Shares Outstanding—100.00%** |  | &nbsp;&nbsp; **$97035427** |

---

<sup>†</sup> Non-income producing security.

---

| |
|:---|
| **Summary of abbreviations:** |
| MSCI – Morgan Stanley Capital International |
| REIT – Real Estate Investment Trust |
| S&P – Standard & Poor's Financial Services LLC |

---

NQ-IV925 [12/22] 2/23 (2747688) 5

## 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 Sustainable Equity Income Fund

- **b. EDGAR series identifier (if any):** S000057248

- **c. LEI of Series:** 549300S53436NM6VUB62

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

- **a. Date of fiscal year-end:** 2023-09-30

- **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:** $101146300.73

**Total Liabilities:** $1273323.81

**Net Assets:** $99872976.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000182589 | 11.00%               | 6.27%                | -4.34%               |
| Class ID C000182593 | 11.00%               | 6.20%                | -4.19%               |
| Class ID C000182591 | 11.06%               | 6.26%                | -4.19%               |
| Class ID C000182592 | 11.11%               | 6.27%                | -4.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $927706.66               | $12851956.67                               |
| Month 2  | $1391998.31              | $5780180.70                                |
| Month 3  | $1236066.01              | $-6479132.79                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| McDonald's Corp                                | McDonald's Corp                                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      4020 | NS      | $1059390.60   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                             | Analog Devices Inc                             | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      4700 | NS      | $770941.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                               | Paramount Global                               | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     20670 | NS      | $348909.60    | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Ingredion Inc                                  | Ingredion Inc                                  | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      4040 | NS      | $395637.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                       | Digital Realty Trust Inc                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      3600 | NS      | $360972.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      8480 | NS      | $720969.60    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                    | PepsiCo Inc                                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      2610 | NS      | $471522.60    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     73045 | NS      | $73045.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                              | Cisco Systems Inc                              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     31600 | NS      | $1505424.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                            | Gilead Sciences Inc                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      9930 | NS      | $852490.50    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                               | Schlumberger Ltd                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     29270 | NS      | $1564774.20   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | Tapestry Inc                                   | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     12190 | NS      | $464195.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I                 | American International Group Inc               | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      7380 | NS      | $466711.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                            | Emerson Electric Co                            | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      6260 | NS      | $601335.60    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T                 | Bank of New York Mellon Corp/The               | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      8740 | NS      | $397844.80    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                   | Prologis Inc                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      7940 | NS      | $895076.20    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                    | Walmart Inc                                    | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      9940 | NS      | $1409392.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                  | Rexford Industrial Realty Inc                  | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     10220 | NS      | $558420.80    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International                 | Johnson Controls International plc             | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |      6560 | NS      | $419840.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC                         | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2370 | NS      | $398373.30    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                 | Starbucks Corp                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      6500 | NS      | $644800.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      8670 | NS      | $1043347.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                                    | Target Corp                                    | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      3760 | NS      | $560390.40    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                  | Medtronic PLC                                  | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     12160 | NS      | $945075.20    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                 | American Electric Power Co Inc                 | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      7420 | NS      | $704529.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                           | Keurig Dr Pepper Inc                           | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     12540 | NS      | $447176.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| IFF                                            | International Flavors & Fragrances Inc         | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      3770 | NS      | $395246.80    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1470 | NS      | $433473.60    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                | Baker Hughes Co                                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47030 | NS      | $1388795.90   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                      | United Parcel Service Inc                      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2210 | NS      | $384186.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                           | SL Green Realty Corp                           | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     12040 | NS      | $405988.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou                 | Public Service Enterprise Group Inc            | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      8460 | NS      | $518344.20    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                      | Aflac Inc                                      | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      6220 | NS      | $447466.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                            | Elevance Health Inc                            | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      1120 | NS      | $574526.40    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                              | State Street Corp                              | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      4950 | NS      | $383971.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                            | Dominion Energy Inc                            | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      7670 | NS      | $470324.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |     73045 | NS      | $73045.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                                | Yum! Brands Inc                                | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      3090 | NS      | $395767.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                   | Moody's Corp                                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1790 | NS      | $498729.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                      | Archer-Daniels-Midland Co                      | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      4820 | NS      | $447537.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                     | Raytheon Technologies Corp                     | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     10620 | NS      | $1071770.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                       | eBay Inc                                       | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     10090 | NS      | $418432.30    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                       | CSX Corp                                       | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     16870 | NS      | $522632.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                          | Uber Technologies Inc                          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     14820 | NS      | $366498.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                             | Conagra Brands Inc                             | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     11220 | NS      | $434214.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                    | MetLife Inc                                    | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     10240 | NS      | $741068.80    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                     | Intel Corp                                     | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     30700 | NS      | $811401.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                         | International Paper Co                         | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     11390 | NS      | $394435.70    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                      | Lear Corp                                      | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      3100 | NS      | $384462.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                          | Republic Services Inc                          | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      4110 | NS      | $530148.90    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                 | Salesforce Inc                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      5950 | NS      | $788910.50    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     15650 | NS      | $2764572.50   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                             | Ingersoll Rand Inc                             | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      8310 | NS      | $434197.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                        | KeyCorp                                        | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     54290 | NS      | $945731.80    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                          | Northrop Grumman Corp                          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       930 | NS      | $507417.30    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                     | Pfizer Inc                                     | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     35010 | NS      | $1793912.40   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                  | Principal Financial Group Inc                  | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      4490 | NS      | $376800.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                   | Pioneer Natural Resources Co                   | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      9960 | NS      | $2274764.40   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1360 | NS      | $497542.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                       | AT&T Inc                                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     45950 | NS      | $845939.50    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                 | Eaton Corp PLC                                 | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |      4400 | NS      | $690580.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                        | Dow Inc                                        | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      7850 | NS      | $395561.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |     73045 | NS      | $73045.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                     | Cigna Corp                                     | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2210 | NS      | $732261.40    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                         | UnitedHealth Group Inc                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       880 | NS      | $466558.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                            | American Express Co                            | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5030 | NS      | $743182.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific Inc                   | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      2040 | NS      | $1123407.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                | Weyerhaeuser Co                                | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     12450 | NS      | $385950.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                        | Bristol-Myers Squibb Co                        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     14880 | NS      | $1070616.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                   | Centene Corp                                   | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      6640 | NS      | $544546.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     10710 | NS      | $1175850.90   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                               | Coca-Cola Co/The                               | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     10800 | NS      | $686988.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                  | Sempra Energy                                  | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      3860 | NS      | $596524.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                      | AvalonBay Communities Inc                      | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      3050 | NS      | $492636.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                        | Procter & Gamble Co/The                        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      9500 | NS      | $1439820.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     11510 | NS      | $1021282.30   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                            | International Business Machines Corp           | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4440 | NS      | $625551.60    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Ltd                                     | Lazard Ltd                                     | CUSIP: 000000000<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     10540 | NS      | $365421.80    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                       | Prudential Financial Inc                       | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      7740 | NS      | $769820.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                    | Corning Inc                                    | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     11970 | NS      | $382321.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                | CVS Health Corp                                | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      8450 | NS      | $787455.50    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                   | Entergy Corp                                   | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      5180 | NS      | $582750.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                     | US Bancorp                                     | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     18770 | NS      | $818559.70    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                 | Merck & Co Inc                                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     10510 | NS      | $1166084.50   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                           | Vornado Realty Trust                           | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18410 | NS      | $383112.10    | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Hormel Foods Corp                              | Hormel Foods Corp                              | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      8760 | NS      | $399018.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | Edison International                           | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      8400 | NS      | $534408.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                            | Northern Trust Corp                            | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      4680 | NS      | $414133.20    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                    | Honeywell International Inc                    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      3700 | NS      | $792910.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                        | Becton Dickinson and Co                        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2870 | NS      | $729841.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                     | Verizon Communications Inc                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     28770 | NS      | $1133538.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                   | Danaher Corp                                   | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      3710 | NS      | $984708.20    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                  | Ford Motor Co                                  | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     33180 | NS      | $385883.40    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                          | Norfolk Southern Corp                          | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2580 | NS      | $635763.60    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                    | Goldman Sachs Group Inc/The                    | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3110 | NS      | $1067911.80   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                    | Cummins Inc                                    | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      2230 | NS      | $540306.70    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                    | Moderna Inc                                    | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      2340 | NS      | $420310.80    | 0.42%             |  |  |  | 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        |    356558 | NS      | $356557.78    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | Simon Property Group Inc                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      5500 | NS      | $646140.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                             | J M Smucker Co/The                             | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      3200 | NS      | $507072.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                                  | BlackRock Inc                                  | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      1120 | NS      | $793665.60    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                            | General Electric Co                            | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      6060 | NS      | $507767.40    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                          | 3M Co                                          | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      5650 | NS      | $677548.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                             | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12410 | NS      | $1037476.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                     | Advanced Micro Devices Inc                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      5560 | NS      | $360121.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/T                 | Interpublic Group of Cos Inc/The               | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     13350 | NS      | $444688.50    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                            | Fifth Third Bancorp                            | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     33780 | NS      | $1108321.80   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                | Southern Co/The                                | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     11160 | NS      | $796935.60    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                    | GoDaddy Inc                                    | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      5490 | NS      | $410761.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                  | Mosaic Co/The                                  | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      8560 | NS      | $375527.20    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                  | Boeing Co/The                                  | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      2230 | NS      | $424792.70    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                         | T Rowe Price Group Inc                         | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      3270 | NS      | $356626.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Hewlett Packard Enterprise Co                  | Hewlett Packard Enterprise Co                  | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     28960 | NS      | $462201.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                     | PACCAR Inc                                     | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      6050 | NS      | $598768.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                       | MSCI Inc                                       | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       790 | NS      | $367484.30    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                    | Popular Inc                                    | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      9360 | NS      | $620755.20    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                            | Synchrony Financial                            | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     13620 | NS      | $447553.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                   | LyondellBasell Industries NV                   | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |      4800 | NS      | $398544.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                  | Regeneron Pharmaceuticals Inc                  | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       580 | NS      | $418464.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp                           | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     43400 | NS      | $1437408.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                   | Newmont Corp                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      8650 | NS      | $408280.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                 | S&P Global Inc                                 | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2650 | NS      | $887591.00    | 0.89%             |  |  |  | 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        |     73045 | NS      | $73045.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                      | Hess Corp                                      | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     17820 | NS      | $2527232.40   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                 | Lowe's Cos Inc                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2090 | NS      | $416411.60    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions                 | Cognizant Technology Solutions Corp            | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     10130 | NS      | $579334.70    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                | T-Mobile US Inc                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      3480 | NS      | $487200.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                         | Marvell Technology Inc                         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10590 | NS      | $392253.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co                            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     19690 | NS      | $2640429.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                      | Chubb Ltd                                      | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2410 | NS      | $531646.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                            | PayPal Holdings Inc                            | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6310 | NS      | $449398.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                        | Arthur J Gallagher & Co                        | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      2580 | NS      | $486433.20    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                         | Boston Scientific Corp                         | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     15410 | NS      | $713020.70    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                    | Corteva Inc                                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      9730 | NS      | $571929.40    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc                   | Walgreens Boots Alliance Inc                   | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     10520 | NS      | $393027.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                          | DuPont de Nemours Inc                          | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |      5900 | NS      | $404917.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                             | Walt Disney Co/The                             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      8640 | NS      | $750643.20    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                     | Nasdaq Inc                                     | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      6420 | NS      | $393867.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                  | Welltower Inc                                  | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |      6090 | NS      | $399199.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                     | Amdocs Ltd                                     | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |      5700 | NS      | $518130.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                   | Comcast Corp                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     25100 | NS      | $877747.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                  | Hilton Worldwide Holdings Inc                  | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      3280 | NS      | $414460.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                 | Whirlpool Corp                                 | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      2760 | NS      | $390429.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                      | Amcor PLC                                      | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | GB        |     32430 | NS      | $386241.30    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                    | Exelon Corp                                    | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     11410 | NS      | $493254.30    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                   | Xylem Inc/NY                                   | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      3540 | NS      | $391417.80    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                              | Iron Mountain Inc                              | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      7660 | NS      | $381851.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co                             | Sonoco Products Co                             | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      7010 | NS      | $425577.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                              | Omnicom Group Inc                              | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      7430 | NS      | $606065.10    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc                           | Juniper Networks Inc                           | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |     12960 | NS      | $414201.60    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                              | General Mills Inc                              | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      6650 | NS      | $557602.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                     | Capital One Financial Corp                     | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4320 | NS      | $401587.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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