# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-022027
**Filing Date:** 2026-5
**Character Count:** 21027
**Document Hash:** 441a5f146f98994e00f3496c4aeaef48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022027.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-022027

**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:** 261036698

**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 Natural Resources Fund (Series ID: S000024838)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000073944 | Class C             | IGNCX           |
| C000073946 | Institutional Class | IGNIX           |
| C000073947 | Class R             | IGNRX           |
| C000073948 | Class Y             | IGNYX           |
| C000073949 | Class A             | IGNAX           |
| C000146698 | Class R6            | INRSX           |

## 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 Natural Resources Fund

- **b. EDGAR series identifier (if any):** S000024838

- **c. LEI of Series:** H5O0FZSRUYD7KTKCRI50

**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:** $251554470.76

**Total Liabilities:** $762986.63

**Net Assets:** $250791484.13

**Cash Not Reported:** $208312.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073946 | 10.36%               | 7.76%                | -0.08%               |
| Class ID C000073947 | 10.32%               | 7.70%                | -0.13%               |
| Class ID C000073944 | 10.26%               | 7.62%                | -0.16%               |
| Class ID C000073949 | 10.32%               | 7.72%                | -0.08%               |
| Class ID C000073948 | 10.33%               | 7.74%                | -0.08%               |
| Class ID C000146698 | 10.41%               | 7.76%                | -0.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4664281.53              | $16579422.20                               |
| Month 2  | $10517900.79             | $6777106.48                                |
| Month 3  | $10141129.40             | $-10246013.13                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BP PLC                                       | BP PLC SPONSORED ADR                                        | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    187230 | NS      | $8799810.00   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                       | JBS NV COM EUR0.01 CL A                                     | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |    167230 | NS      | $3003450.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners Lp                  | Kimbell Royalty Partners Lp UNIT                            | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |    361972 | NS      | $5237734.84   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                 | Glencore PLC ORD USD0.01                                    | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1059720 | NS      | $8026185.20   | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp                           | Eldorado Gold Corp COM                                      | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |     90210 | NS      | $3096909.30   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | Fidelity Colchester Street Trust MNY MRKT FDS I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   2581954 | NS      | $2581954.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                           | Chord Energy Corp. COM NEW                                  | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     29805 | NS      | $4237674.90   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                 | CF Industries Holdings, Inc. COM                            | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     39772 | NS      | $5163996.48   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                         | Steel Dynamics, Inc. COM                                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     56173 | NS      | $10111140.00  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                   | Arcosa Inc COM                                              | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     45404 | NS      | $4819180.56   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                       | Permian Resources Corp CLASS A COM                          | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    278774 | NS      | $5943461.68   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Unit Corporation                             | Unit Corporation COM NEW                                    | CUSIP: 909218406<br>LEI: 549300XGK22FZCTN8B67 | Long             | EC               | CORP              | US        |     89447 | NS      | $3090393.85   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                          | Expand Energy Corp. COM                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     36161 | NS      | $3969754.58   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                       | Agnico Eagle Mines Ltd COM                                  | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     29650 | NS      | $6018357.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited           | Canadian Natural Resources Limited COM NPV                  | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    151060 | NS      | $7368939.40   | 2.94%             |  |  |  | No            |                  1 | 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        |   2581954 | NS      | $2581954.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                                      | SLB Ltd. COM STK                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     85060 | NS      | $4371233.40   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                      | International Paper Co. COM                                 | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    176484 | NS      | $6300478.80   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips COM                                          | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     62390 | NS      | $8235480.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                      | CRH PLC ORD EUR 0.32 (DI)                                   | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     57666 | NS      | $6033046.71   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit WestRock plc                         | Smurfit WestRock plc COM USD0.001                           | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    121570 | NS      | $4844564.50   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                           | Anglo American PLC ORD USD0.623855311355311                 | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    163713 | NS      | $7029115.00   | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Louisiana Pacific Corporation                | Louisiana Pacific Corporation COM                           | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     35843 | NS      | $2607578.25   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                    | Shell PLC ORD EUR0.07                                       | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    161139 | NS      | $7463159.54   | 2.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                  | Nutrien Ltd COM                                             | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    130323 | NS      | $9834173.58   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                         | Peabody Energy Corp. COM                                    | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    161759 | NS      | $5329959.05   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HudBay Minerals Inc                          | HudBay Minerals Inc COM                                     | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    319967 | NS      | $6687310.30   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   2581954 | NS      | $2581954.49   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                             | Coeur Mining Inc COM NEW                                    | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    311865 | NS      | $5853706.05   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc.                  | Core Natural Resources Inc. COM SHS                         | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     80720 | NS      | $8453805.60   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                          | Newmont Corporation COM                                     | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     85195 | NS      | $9222358.75   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC Resources Ltd.                           | ARC Resources Ltd. COM NPV                                  | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |    287901 | NS      | $5991470.02   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Limited                       | Teck Resources Limited CLASS'B'SUB-VTG COM NPV              | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     84989 | NS      | $4404936.31   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                              | Bunge Global SA COM SHS                                     | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     47484 | NS      | $6039964.80   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                  | Ovintiv Inc COM                                             | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     79830 | NS      | $4738708.80   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                          | Valero Energy Corp. COM                                     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     23790 | NS      | $5878033.20   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan SA                                     | Titan SA NPV                                                | CUSIP: 000000000<br>LEI: 213800H2CDP9I374WH83 | Long             | EC               | CORP              | BE        |     43323 | NS      | $2271403.10   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| West Fraser Timber Co Ltd.                   | West Fraser Timber Co Ltd. COM NPV                          | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     90841 | NS      | $5933299.73   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                  | Corteva Inc COM                                             | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     69111 | NS      | $5785281.81   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc                | Weatherford International Plc COM USD0.001                  | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     33720 | NS      | $3189237.60   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                        | Helmerich & Payne Inc COM                                   | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    133099 | NS      | $4795556.97   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                            | Alcoa Corporation COM                                       | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     99429 | NS      | $6595125.57   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                          | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   2581954 | NS      | $2581954.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                         | Barrick Mining Corp. COM SHS                                | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     91980 | NS      | $3751864.20   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| China Metal Recycling Holdings               | China Metal Recycling Holdings Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |  30000000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy Inc COM                                  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     49512 | NS      | $9792978.48   | 3.90%             |  |  |  | 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