# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-022038
**Filing Date:** 2026-5
**Character Count:** 36814
**Document Hash:** 972f12f2f31dccd14a610827d2189024
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022038.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-022038

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261036715

**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

### Nomura Systematic Emerging Markets Equity Fund (Series ID: S000024829)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000073889 | Class Y             | IPOYX           |
| C000073890 | Class A             | IPOAX           |
| C000073892 | Class C             | IPOCX           |
| C000073894 | Institutional Class | IPOIX           |
| C000122158 | Class R             | IYPCX           |
| C000146689 | Class R6            | IMEGX           |

## 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:** Nomura Systematic Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000024829

- **c. LEI of Series:** 77VGKXRY5E61QSTHBN95

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $615821960.30

**Total Liabilities:** $1977329.27

**Net Assets:** $613844631.03

**Cash Not Reported:** $162150.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073890 | 9.88%                | 6.15%                | -10.74%              |
| Class ID C000073889 | 9.84%                | 6.16%                | -10.73%              |
| Class ID C000073892 | 9.79%                | 6.07%                | -10.78%              |
| Class ID C000073894 | 9.89%                | 6.18%                | -10.71%              |
| Class ID C000146689 | 9.87%                | 6.22%                | -10.71%              |
| Class ID C000122158 | 9.77%                | 6.17%                | -10.75%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7246225.60              | $56591610.78                               |
| Month 2  | $12432923.33             | $28389468.24                               |
| Month 3  | $4362137.85              | $-81285429.87                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| China Taiping Insurance Holdings Co Ltd.                | China Taiping Insurance Holdings Co Ltd. NPV                    | CUSIP: 000000000<br>LEI: 529900C2G37NOIADYW07 | Long             | EC               | CORP              | HK        |   1715200 | NS      | $4529426.67   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.            | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10              | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1764404 | NS      | $102043467.01 | 16.62%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd.                                      | Bank of China Ltd. 'H'CNY1                                      | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |  23188000 | NS      | $14806368.38  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                             | MOL Hungarian Oil & Gas PLC HUF125(POST SUBDIVISION)            | CUSIP: 000000000<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    481648 | NS      | $5770322.62   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Nanshan Aluminium Co Ltd.                      | Shandong Nanshan Aluminium Co Ltd. 'A'CNY1                      | CUSIP: 000000000<br>LEI: 836800YU5J3RT2VPUO65 | Long             | EC               | CORP              | CN        |   2980400 | NS      | $2673308.61   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| KWEICHOW MOUTAI COMPANY LTD                             | Kweichow Moutai Co Ltd. 'A'CNY1                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |         1 | NS      | $210.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                  | Emaar Development PJSC AED1                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   2292518 | NS      | $8678078.40   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd.    | HD Korea Shipbuilding & Offshore Engineering Co Ltd. KRW5000    | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |     40056 | NS      | $9283671.28   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd.                                  | Jiangxi Copper Co Ltd. 'A' CNY1                                 | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |    173800 | NS      | $1106158.30   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                       | Banco Bradesco SA COM NPV                                       | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |   2216013 | NS      | $7161608.47   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PGE Polska Grupa Energetyczna S.A.                      | PGE Polska Grupa Energetyczna S.A. PLN8.55                      | CUSIP: 000000000<br>LEI: 259400MP9VXR0E69MJ89 | Long             | EC               | CORP              | PL        |   1205238 | NS      | $3418769.50   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HANA FINANCIAL GROUP INC                                | Hana Financial Group Inc. KRW5000                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     43441 | NS      | $3166713.46   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM INC                                              | JD.com Inc. USD0.00002 A CLASS                                  | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |        11 | NS      | $162.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIPSHOP HOLDINGS LTD                                    | Vipshop Holdings Ltd. SPONSORED ADS A                           | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |    119041 | NS      | $1871324.52   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd                           | Geely Automobile Holdings Ltd HKD0.02                           | CUSIP: 000000000<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |   4937000 | NS      | $13171713.51  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Steel Ltd.                                         | Tata Steel Ltd. INR1.00(POST SUBDIVISION)                       | CUSIP: 000000000<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |   1332556 | NS      | $2734090.32   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Hero Motocorp Ltd.                                      | Hero Motocorp Ltd. INR2                                         | CUSIP: 000000000<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |    129398 | NS      | $6994513.29   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd.                                  | Hyundai Glovis Co Ltd. KRW500                                   | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |     19620 | NS      | $2786643.63   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                    | Tencent Holdings Ltd. HKD0.00002                                | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    408020 | NS      | $25734792.95  | 4.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust                        | Fidelity Colchester Street Trust MNY MRKT FDS I                 | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   1236461 | NS      | $1236460.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                  | Petroleo Brasileiro SA PRF NPV                                  | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |   2088474 | NS      | $19587066.60  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                       | Banco Bradesco SA PRF NPV                                       | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |   2152180 | NS      | $7969113.47   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruti Suzuki India Ltd.                                | Maruti Suzuki India Ltd. INR5                                   | CUSIP: 000000000<br>LEI: 335800D27PBEESKKD357 | Long             | EC               | CORP              | IN        |     23106 | NS      | $3030581.11   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                   | Emaar Properties PJSC AED1                                      | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   2862474 | NS      | $9367268.30   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds            | Morgan Stanley Institutional Liquidity Funds GOVT PTF INSTL     | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |   1236461 | NS      | $1236460.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA             | Powszechna Kasa Oszczednosci Bank Polski SA PLN1.00             | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    139896 | NS      | $3309098.75   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri AS                         | Turkcell Iletisim Hizmetleri AS TRY1                            | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |   2263001 | NS      | $5410773.24   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc.                                  | Delta Electronics Inc. TWD10                                    | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    177000 | NS      | $7980995.71   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Yutong Bus Co Ltd.                                      | Yutong Bus Co Ltd. 'A'CNY1                                      | CUSIP: 000000000<br>LEI: 300300OMPRVW0Q75F037 | Long             | EC               | CORP              | CN        |   1555800 | NS      | $8076052.81   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp.                              | Korea Electric Power Corp. KRW5000                              | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |    233178 | NS      | $6629330.91   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                        | Lenovo Group Ltd. NPV                                           | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |    516000 | NS      | $620599.50    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Petroleum Corp Ltd.                           | Hindustan Petroleum Corp Ltd. INR10                             | CUSIP: 000000000<br>LEI: 335800DWLXIP7HFFY564 | Long             | EC               | CORP              | IN        |   1117100 | NS      | $3980937.86   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co. Ltd.                                   | Ping An Bank Co. Ltd. 'A'CNY1                                   | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |   1554000 | NS      | $2501900.18   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp Ltd.                              | Bharat Petroleum Corp Ltd. INR10                                | CUSIP: 000000000<br>LEI: 8GRDBX1TJ0PU5NCSHT72 | Long             | EC               | CORP              | IN        |   3255003 | NS      | $9759319.38   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| LG UPLUS CORP                                           | LG Uplus Corp. KRW5000                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |   1178009 | NS      | $12250889.75  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                             | Samsung Electronics Co Ltd. KRW100                              | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    372278 | NS      | $43542152.90  | 7.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale S.A.                                               | Vale S.A. COM NPV                                               | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    204603 | NS      | $3257547.88   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (the)                               | Saudi National Bank (the) SAR10                                 | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    120000 | NS      | $1354660.16   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                        | Powszechny Zaklad Ubezpieczen SA PLN0.10                        | CUSIP: 000000000<br>LEI: QLPCKOOKVX32FUELX240 | Long             | EC               | CORP              | PL        |   1027354 | NS      | $17883136.30  | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                             | Canara Bank INR2                                                | CUSIP: 000000000<br>LEI: 335800E4RH82Z8XC3C30 | Long             | EC               | CORP              | IN        |   2523204 | NS      | $3324213.82   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo Q.P.S.C.                                        | Ooredoo Q.P.S.C. QAR1                                           | CUSIP: 000000000<br>LEI: 549300D3EIDZJB62TR20 | Long             | EC               | CORP              | QA        |    482702 | NS      | $1646463.78   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NETEASE INC                                             | NetEase Inc. USD0.0001                                          | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |    665800 | NS      | $14877176.52  | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC LTD                                               | CITIC Ltd. NPV                                                  | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | EC               | CORP              | HK        |   6128000 | NS      | $9331963.51   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| The People's Insurance Company (Group) of China Limited | The People's Insurance Company (Group) of China Limited 'H'CNY1 | CUSIP: 000000000<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |   2472000 | NS      | $1721572.15   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                 | Accton Technology Corp. TWD10                                   | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    155000 | NS      | $7647262.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| China Airlines Ltd.                                     | China Airlines Ltd. TWD10                                       | CUSIP: 000000000<br>LEI: 25490032B2A0G6D0JP27 | Long             | EC               | CORP              | TW        |   6093000 | NS      | $3454865.74   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd                                           | MTN Group Ltd ZAR0.0001                                         | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |   1127346 | NS      | $13163637.61  | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co Ltd.                            | China Life Insurance Co Ltd. 'H'CNY1                            | CUSIP: 000000000<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |    472000 | NS      | $1505789.86   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc.                                           | MediaTek Inc. TWD10                                             | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     44879 | NS      | $2152629.04   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Sitios Latinoamerica S.A.B. De C.V                      | Sitios Latinoamerica S.A.B. De C.V NPV                          | CUSIP: 000000000<br>LEI: 984500D2C0CDC0BFDD35 | Long             | EC               | CORP              | MX        |         1 | NS      | $0.30         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UTD Tractors                                            | UTD Tractors IDR250                                             | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    879700 | NS      | $1607266.17   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia                                      | Sberbank of Russia RUB3(RUB)                                    | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |   4129544 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Turkiye Petrol Rafinerileri A.S.                        | Turkiye Petrol Rafinerileri A.S. TRY1 (A SHARES)                | CUSIP: 000000000<br>LEI: 789000RCNG97UV50EE03 | Long             | EC               | CORP              | TR        |    432715 | NS      | $2513825.22   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Trust                                     | Goldman Sachs Financial Square Government Fund                  | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   1236461 | NS      | $1236460.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay Financial Holding Co Ltd.                        | Cathay Financial Holding Co Ltd. TWD10                          | CUSIP: 000000000<br>LEI: 5299009XR1QLFAMQ3X77 | Long             | EC               | CORP              | TW        |   1078000 | NS      | $2410230.00   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk                     | Bank Rakyat Indonesia (Persero) Tbk IDR50                       | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |  11247200 | NS      | $2247427.03   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp Ltd.                                    | Indian Oil Corp Ltd. INR10                                      | CUSIP: 000000000<br>LEI: 335800J8OBWE4VFUDG88 | Long             | EC               | CORP              | IN        |   5398427 | NS      | $7706448.59   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| POP MART INTERNATIONAL GROUP LTD                        | Pop Mart International Group Limited USD0.0001                  | CUSIP: 000000000<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | KY        |     92800 | NS      | $1726391.35   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                                 | Dubai Islamic Bank PJSC AED1                                    | CUSIP: 000000000<br>LEI: 5493003E7YRAQY3JGW88 | Long             | EC               | CORP              | AE        |    757491 | NS      | $1536522.02   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property and Casualty Co Ltd.                      | PICC Property and Casualty Co Ltd. 'H'CNY1                      | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |   7880000 | NS      | $14505331.19  | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                                       | SK Telecom Co Ltd KRW100                                        | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     63941 | NS      | $3308325.61   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Display Co Ltd.                                      | LG Display Co Ltd. KRW5000                                      | CUSIP: 000000000<br>LEI: 988400P37K91W0SABO95 | Long             | EC               | CORP              | KR        |    380195 | NS      | $2791664.98   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds FEDFUND INSTL                         | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1236461 | NS      | $1236460.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp.                           | China Construction Bank Corp. 'A'CNY1                           | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   3020500 | NS      | $4224503.43   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                           | China Construction Bank Corp. 'H'CNY1                           | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |  10075000 | NS      | $10873085.14  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Porto Seguro SA                                         | Porto Seguro SA COM NPV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    365390 | NS      | $3555248.90   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lukoil PJSC                                             | Lukoil PJSC RUB0.025(RUB)                                       | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |    276569 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Oil & Natural Gas Corp Ltd.                             | Oil & Natural Gas Corp Ltd. INR5                                | CUSIP: 000000000<br>LEI: 335800FPDZ9MRSNO7N41 | Long             | EC               | CORP              | IN        |    965171 | NS      | $2907778.76   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye-Stillwater Limited                              | Sibanye-Stillwater Limited NPV                                  | CUSIP: 000000000<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |    656190 | NS      | $2014156.29   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                            | Infosys Ltd. INR5                                               | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    551743 | NS      | $7441822.80   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| China United Network Communications Group Co Ltd.       | China United Network Communications Group Co Ltd. 'A'CNY1       | CUSIP: 000000000<br>LEI: 300300UTFDNZL9GJRR78 | Long             | EC               | CORP              | CN        |   1392900 | NS      | $902240.38    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc.                                           | SK Hynix Inc. KRW5000                                           | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     28811 | NS      | $16346356.66  | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ASUSTeK Computer Inc.                                   | ASUSTeK Computer Inc. TWD10                                     | CUSIP: 000000000<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |    260000 | NS      | $4566461.55   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc.                                 | KB Financial Group Inc. KRW5000                                 | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     59067 | NS      | $5798634.69   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Building Material Co Ltd.                | China National Building Material Co Ltd. 'H'CNY1                | CUSIP: 000000000<br>LEI: 52990085PGF8YEPLBZ26 | Long             | EC               | CORP              | CN        |   4192000 | NS      | $2571679.62   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL Technologies Ltd.                                   | HCL Technologies Ltd. INR2                                      | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |    179973 | NS      | $2590299.02   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Firstrand Ltd                                           | Firstrand Ltd ZAR0.01                                           | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |   2648052 | NS      | $13556202.94  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.              | Industrial & Commercial Bank of China Ltd. 'H'CNY1              | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |  12798000 | NS      | $11280773.04  | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel Chile SA                                           | Enel Chile SA COM NPV                                           | CUSIP: 000000000<br>LEI: 549300YM5CWCAUVOPB53 | Long             | EC               | CORP              | CL        |  13280604 | NS      | $1025014.98   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fix Price Group Plc                                     | Fix Price Group Plc SPONSOR GDR 144A                            | CUSIP: 33835G106<br>LEI: N/A                  | Long             | EC               | CORP              | KZ        |   1489220 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                               | Alibaba Group Holding Ltd. USD0.000003125                       | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    423200 | NS      | $6633443.90   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd                              | Harmony Gold Mining Co Ltd NPV                                  | CUSIP: 000000000<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |    220666 | NS      | $3371082.72   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                               | Kia Corp. KRW5000                                               | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     38471 | NS      | $3798280.46   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Jd Logistics Inc                                        | Jd Logistics Inc USD0.000025                                    | CUSIP: 000000000<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | KY        |   2507400 | NS      | $4426304.15   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd.                      | Hon Hai Precision Industry Co Ltd. TWD10                        | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |   1536000 | NS      | $9389212.61   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd.                                   | Weichai Power Co Ltd. 'A'CNY1                                   | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |   1098894 | NS      | $3905179.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                          | BB Seguridade Participacoes SA COM NPV                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    644408 | NS      | $4334329.13   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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