# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-008194
**Filing Date:** 2026-2
**Character Count:** 36684
**Document Hash:** 6aba9c49c9ef4219e22c3ed588f7abc9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008194.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008194

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**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:** 26683427

**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 Global Growth Fund (Series ID: S000024824)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000073860 | Class A             | IVINX           |
| C000073861 | Class Y             | IVIYX           |
| C000073863 | Class C             | IVNCX           |
| C000073865 | Institutional Class | IGIIX           |
| C000122154 | Class R             | IYIGX           |
| C000146687 | Class R6            | ITGRX           |

## Nport-Ex

## Schedule of investments
Nomura Global Growth Fund

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.22%Δ** | &nbsp;&nbsp;**Common Stocks — 99.22%Δ** | &nbsp;&nbsp;**Common Stocks — 99.22%Δ** |
| &nbsp;&nbsp;Brazil — 2.36% | &nbsp;&nbsp;Brazil — 2.36% | &nbsp;&nbsp;Brazil — 2.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rede D'Or Sao Luiz 144A # | 1663615 | &nbsp;&nbsp;$12328921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XP Class A | &nbsp;&nbsp;&nbsp;&nbsp;516302 | &nbsp;&nbsp;&nbsp; 8451864 |
|  |  | &nbsp;&nbsp;&nbsp; 20780785 |
| &nbsp;&nbsp;Canada — 2.81% | &nbsp;&nbsp;Canada — 2.81% | &nbsp;&nbsp;Canada — 2.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alimentation Couche-Tard | &nbsp;&nbsp;&nbsp;&nbsp;322474 | &nbsp;&nbsp;&nbsp; 17611490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Natural Resources | &nbsp;&nbsp;&nbsp;&nbsp;210415 | &nbsp;&nbsp;&nbsp; 7122548 |
|  |  | &nbsp;&nbsp;&nbsp; 24734038 |
| &nbsp;&nbsp;Denmark — 1.34% | &nbsp;&nbsp;Denmark — 1.34% | &nbsp;&nbsp;Denmark — 1.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascendis Pharma ADR † | &nbsp;&nbsp;&nbsp;&nbsp;55348 | &nbsp;&nbsp;&nbsp; 11802408 |
|  |  | &nbsp;&nbsp;&nbsp; 11802408 |
| &nbsp;&nbsp;Finland — 1.97% | &nbsp;&nbsp;Finland — 1.97% | &nbsp;&nbsp;Finland — 1.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amer Sports † | &nbsp;&nbsp;&nbsp;&nbsp;462816 | &nbsp;&nbsp;&nbsp; 17286178 |
|  |  | &nbsp;&nbsp;&nbsp; 17286178 |
| &nbsp;&nbsp;France — 2.00% | &nbsp;&nbsp;France — 2.00% | &nbsp;&nbsp;France — 2.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airbus | &nbsp;&nbsp;&nbsp;&nbsp;75918 | &nbsp;&nbsp;&nbsp; 17629981 |
|  |  | &nbsp;&nbsp;&nbsp; 17629981 |
| &nbsp;&nbsp;Germany — 4.32% | &nbsp;&nbsp;Germany — 4.32% | &nbsp;&nbsp;Germany — 4.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fresenius & Co. | &nbsp;&nbsp;&nbsp;&nbsp;201151 | &nbsp;&nbsp;&nbsp; 11524303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAP | &nbsp;&nbsp;&nbsp;&nbsp;57432 | &nbsp;&nbsp;&nbsp; 13954169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siemens | &nbsp;&nbsp;&nbsp;&nbsp;44579 | &nbsp;&nbsp;&nbsp; 12485534 |
|  |  | &nbsp;&nbsp;&nbsp; 37964006 |
| &nbsp;&nbsp;India — 4.71% | &nbsp;&nbsp;India — 4.71% | &nbsp;&nbsp;India — 4.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bharti Airtel | &nbsp;&nbsp;&nbsp;&nbsp;559460 | &nbsp;&nbsp;&nbsp; 13131355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HDFC Bank | 1423511 | &nbsp;&nbsp;&nbsp; 15725377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NTPC | 3416340 | &nbsp;&nbsp;&nbsp; 12540496 |
|  |  | &nbsp;&nbsp;&nbsp; 41397228 |
| &nbsp;&nbsp;Italy — 1.36% | &nbsp;&nbsp;Italy — 1.36% | &nbsp;&nbsp;Italy — 1.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferrari | &nbsp;&nbsp;&nbsp;&nbsp;32165 | &nbsp;&nbsp;&nbsp; 11952974 |
|  |  | &nbsp;&nbsp;&nbsp; 11952974 |
| &nbsp;&nbsp;Japan — 2.89% | &nbsp;&nbsp;Japan — 2.89% | &nbsp;&nbsp;Japan — 2.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hoya | &nbsp;&nbsp;&nbsp;&nbsp;103700 | &nbsp;&nbsp;&nbsp; 15728137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SMC | &nbsp;&nbsp;&nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp; 9688025 |
|  |  | &nbsp;&nbsp;&nbsp; 25416162 |
| &nbsp;&nbsp;Netherlands — 2.00% | &nbsp;&nbsp;Netherlands — 2.00% | &nbsp;&nbsp;Netherlands — 2.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Groep | &nbsp;&nbsp;&nbsp;&nbsp;627419 | &nbsp;&nbsp;&nbsp; 17635640 |
|  |  | &nbsp;&nbsp;&nbsp; 17635640 |
| &nbsp;&nbsp;Norway — 1.51% | &nbsp;&nbsp;Norway — 1.51% | &nbsp;&nbsp;Norway — 1.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orkla | 1195808 | &nbsp;&nbsp;&nbsp; 13316208 |
|  |  | &nbsp;&nbsp;&nbsp; 13316208 |
| &nbsp;&nbsp;Singapore — 1.42% | &nbsp;&nbsp;Singapore — 1.42% | &nbsp;&nbsp;Singapore — 1.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sea ADR † | &nbsp;&nbsp;&nbsp;&nbsp;97660 | &nbsp;&nbsp;&nbsp; 12458486 |
|  |  | &nbsp;&nbsp;&nbsp; 12458486 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Spain — 2.55% | &nbsp;&nbsp;Spain — 2.55% | &nbsp;&nbsp;Spain — 2.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Bilbao Vizcaya Argentaria | &nbsp;&nbsp;&nbsp;&nbsp;954921 | &nbsp;&nbsp;$22399792 |
|  |  | &nbsp;&nbsp;&nbsp; 22399792 |
| &nbsp;&nbsp;Taiwan — 4.55% | &nbsp;&nbsp;Taiwan — 4.55% | &nbsp;&nbsp;Taiwan — 4.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;814000 | &nbsp;&nbsp;&nbsp; 40014030 |
|  |  | &nbsp;&nbsp;&nbsp; 40014030 |
| &nbsp;&nbsp;United Kingdom — 2.62% | &nbsp;&nbsp;United Kingdom — 2.62% | &nbsp;&nbsp;United Kingdom — 2.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashtead Group | &nbsp;&nbsp;&nbsp;&nbsp;131808 | &nbsp;&nbsp;&nbsp; 8986564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BAE Systems | &nbsp;&nbsp;&nbsp;&nbsp;609401 | &nbsp;&nbsp;&nbsp; 14025398 |
|  |  | &nbsp;&nbsp;&nbsp; 23011962 |
| &nbsp;&nbsp;United States — 60.81% | &nbsp;&nbsp;United States — 60.81% | &nbsp;&nbsp;United States — 60.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AbbVie | &nbsp;&nbsp;&nbsp;&nbsp;52679 | &nbsp;&nbsp;&nbsp; 12036625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A | &nbsp;&nbsp;&nbsp;&nbsp;69058 | &nbsp;&nbsp;&nbsp; 21615154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | &nbsp;&nbsp;&nbsp;&nbsp;88894 | &nbsp;&nbsp;&nbsp; 20518513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aon Class A | &nbsp;&nbsp;&nbsp;&nbsp;42805 | &nbsp;&nbsp;&nbsp; 15105028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple | &nbsp;&nbsp;&nbsp;&nbsp;111141 | &nbsp;&nbsp;&nbsp; 30214792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;115865 | &nbsp;&nbsp;&nbsp; 10431326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Capital | &nbsp;&nbsp;&nbsp;&nbsp;613486 | &nbsp;&nbsp;&nbsp; 9165481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom | &nbsp;&nbsp;&nbsp;&nbsp;44550 | &nbsp;&nbsp;&nbsp; 15418755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial | &nbsp;&nbsp;&nbsp;&nbsp;57714 | &nbsp;&nbsp;&nbsp; 13987565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carrier Global | &nbsp;&nbsp;&nbsp;&nbsp;205544 | &nbsp;&nbsp;&nbsp; 10860945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casey's General Stores | &nbsp;&nbsp;&nbsp;&nbsp;28352 | &nbsp;&nbsp;&nbsp; 15670434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | &nbsp;&nbsp;&nbsp;&nbsp;132596 | &nbsp;&nbsp;&nbsp; 9269786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;67093 | &nbsp;&nbsp;&nbsp; 6280576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX | &nbsp;&nbsp;&nbsp;&nbsp;432906 | &nbsp;&nbsp;&nbsp; 15692843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;19713 | &nbsp;&nbsp;&nbsp; 21185167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | &nbsp;&nbsp;&nbsp;&nbsp;50640 | &nbsp;&nbsp;&nbsp; 14546340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Depot | &nbsp;&nbsp;&nbsp;&nbsp;39642 | &nbsp;&nbsp;&nbsp; 13640812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;86215 | &nbsp;&nbsp;&nbsp; 17675799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingersoll Rand | &nbsp;&nbsp;&nbsp;&nbsp;132685 | &nbsp;&nbsp;&nbsp; 10511306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | &nbsp;&nbsp;&nbsp;&nbsp;86840 | &nbsp;&nbsp;&nbsp; 14064606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA | &nbsp;&nbsp;&nbsp;&nbsp;15348 | &nbsp;&nbsp;&nbsp; 18649048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard Class A | &nbsp;&nbsp;&nbsp;&nbsp;34683 | &nbsp;&nbsp;&nbsp; 19799831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms Class A | &nbsp;&nbsp;&nbsp;&nbsp;20583 | &nbsp;&nbsp;&nbsp; 13586632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | &nbsp;&nbsp;&nbsp;&nbsp;96015 | &nbsp;&nbsp;&nbsp; 46434774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;106690 | &nbsp;&nbsp;&nbsp; 18940676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix † | &nbsp;&nbsp;&nbsp;&nbsp;127097 | &nbsp;&nbsp;&nbsp; 11916615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | &nbsp;&nbsp;&nbsp;&nbsp;261931 | &nbsp;&nbsp;&nbsp; 48850132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce | &nbsp;&nbsp;&nbsp;&nbsp;54296 | &nbsp;&nbsp;&nbsp; 14383553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings | &nbsp;&nbsp;&nbsp;&nbsp;33364 | &nbsp;&nbsp;&nbsp; 9188112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sherwin-Williams | &nbsp;&nbsp;&nbsp;&nbsp;37595 | &nbsp;&nbsp;&nbsp; 12181908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | &nbsp;&nbsp;&nbsp;&nbsp;25567 | &nbsp;&nbsp;&nbsp; 14814798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unity Software † | &nbsp;&nbsp;&nbsp;&nbsp;183634 | &nbsp;&nbsp;&nbsp;&nbsp; 8111114 |
|  |  | &nbsp;&nbsp;&nbsp;534749046 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks (cost $549,790,649)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks (cost $549,790,649)** | &nbsp;&nbsp;&nbsp;**872548924** |

---

NQ- IV958 [1225] 0226 (5191660) 1

------

Nomura Global Growth Fund

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Short-Term Investments — 0.60%** | &nbsp;&nbsp;**Short-Term Investments — 0.60%** | &nbsp;&nbsp;**Short-Term Investments — 0.60%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.60% | &nbsp;&nbsp;Money Market Mutual Funds — 0.60% | &nbsp;&nbsp;Money Market Mutual Funds — 0.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.65%) | 1325609 | &nbsp;&nbsp;$1325609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.67%) | 1325609 | &nbsp;&nbsp;&nbsp; 1325609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.68%) | 1325609 | &nbsp;&nbsp;&nbsp; 1325609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.69%) | 1325610 | &nbsp;&nbsp;&nbsp; 1325610 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $5,302,437)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments (cost $5,302,437)** | &nbsp;&nbsp;&nbsp; **5302437** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.82%<br> (cost $555,093,086)** |  | &nbsp;&nbsp;&nbsp;**877851361** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities — 0.18%** |  | &nbsp;&nbsp;&nbsp; **1562889** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 22,814,076 Shares Outstanding — 100.00%** |  | &nbsp;&nbsp;**$879414250** |

---

---

| |
|:---|
| Securities have been classified by country of risk. |
| Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2025, the aggregate value of Rule 144A securities was $12,328,921, which represents 1.40% of the Fund's net assets. |
| Non-income producing security. |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |

---

2 NQ- IV958 [1225] 0226 (5191660)

## 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 Global Growth Fund

- **b. EDGAR series identifier (if any):** S000024824

- **c. LEI of Series:** 9DL5DVDUVLOZE4YNIE15

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $883559115.19

**Total Liabilities:** $3574885.05

**Net Assets:** $879984230.14

**Cash Not Reported:** $2674882.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073860 | 0.63%                | 0.17%                | 0.43%                |
| Class ID C000073861 | 0.63%                | 0.19%                | 0.43%                |
| Class ID C000073863 | 0.55%                | 0.13%                | 0.37%                |
| Class ID C000073865 | 0.67%                | 0.18%                | 0.47%                |
| Class ID C000122154 | 0.61%                | 0.15%                | 0.42%                |
| Class ID C000146687 | 0.67%                | 0.20%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8527052.99              | $-2311170.67                               |
| Month 2  | $6029846.57              | $-4792465.86                               |
| Month 3  | $2453301.62              | $52056.06                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ConocoPhillips                                 | ConocoPhillips                                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     67093 | NS      | $6280575.73   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                             | Unity Software Inc                             | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    183634 | NS      | $8111113.78   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                            | Ascendis Pharma A/S                            | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     55348 | NS      | $11802407.52  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    814000 | NS      | $40014030.16  | 4.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific Inc                   | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     25567 | NS      | $14814798.15  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    127097 | NS      | $11916614.72  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                      | Hoya Corp                                      | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |    103700 | NS      | $15728137.32  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                              | Ashtead Group PLC                              | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |    131808 | NS      | $8986564.23   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                  | Hilton Worldwide Holdings Inc                  | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     50640 | NS      | $14546340.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                   | ING Groep NV                                   | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    627419 | NS      | $17635639.95  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                         | SAP SE                                         | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     57432 | NS      | $13954168.70  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Orkla ASA                                      | Orkla ASA                                      | CUSIP: 000000000<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |   1195808 | NS      | $13316208.26  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                             | Ingersoll Rand Inc                             | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    132685 | NS      | $10511305.70  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                 | Salesforce Inc                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     54296 | NS      | $14383553.36  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    106690 | NS      | $18940675.70  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                        | Sherwin-Williams Co/The                        | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     37595 | NS      | $12181907.85  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                       | CSX Corp                                       | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    432906 | NS      | $15692842.50  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                           | Blue Owl Capital Inc                           | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    613486 | NS      | $9165480.84   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                              | Bharti Airtel Ltd                              | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    559460 | NS      | $13131355.49  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                | BAE Systems PLC                                | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    609401 | NS      | $14025398.15  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co KGaA                         | Fresenius SE & Co KGaA                         | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |    201151 | NS      | $11524302.92  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                  | HDFC Bank Ltd                                  | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |   1423511 | NS      | $15725376.81  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                        | Sea Ltd                                        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |     97660 | NS      | $12458486.20  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp                                       | SMC Corp                                       | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     28000 | NS      | $9688024.85   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     96015 | NS      | $46434774.30  | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     88894 | NS      | $20518513.08  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom Inc                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     44550 | NS      | $15418755.00  | 1.75%             |  |  |  | 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        |   1325609 | NS      | $1325609.39   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                     | Siemens AG                                     | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     44579 | NS      | $12485534.47  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                     | Capital One Financial Corp                     | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     57714 | NS      | $13987565.04  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                     | Casey's General Stores Inc                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     28352 | NS      | $15670433.92  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace Inc                           | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     86215 | NS      | $17675799.30  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1325609 | NS      | $1325609.39   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                         | XP Inc                                         | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | BR        |    516302 | NS      | $8451863.74   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                             | Home Depot Inc/The                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     39642 | NS      | $13640812.20  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                      | Airbus SE                                      | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |     75918 | NS      | $17629980.64  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange Inc                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     86840 | NS      | $14064606.40  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    261931 | NS      | $48850131.50  | 5.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA                                           | Banco Bilbao Vizcaya Argentaria SA             | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    954921 | NS      | $22399791.97  | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1325609 | NS      | $1325609.06   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                               | Coca-Cola Co/The                               | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    132596 | NS      | $9269786.36   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   1325609 | NS      | $1325609.39   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                 | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    210415 | NS      | $7122547.75   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     20583 | NS      | $13586632.47  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I                 | BJ's Wholesale Club Holdings Inc               | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |    115865 | NS      | $10431325.95  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                      | Apple Inc                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    111141 | NS      | $30214792.26  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                        | Aon PLC                                        | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |     42805 | NS      | $15105028.40  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                                | Amer Sports Inc                                | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | FI        |    462816 | NS      | $17286177.60  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL                 | Seagate Technology Holdings PLC                | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |     33364 | NS      | $9188111.96   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                       | KLA Corp                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     15348 | NS      | $18649047.84  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc                   | Alimentation Couche-Tard Inc                   | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |    322474 | NS      | $17611490.32  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                     | AbbVie Inc                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     52679 | NS      | $12036624.71  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                     | Ferrari NV                                     | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |     32165 | NS      | $11952973.82  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                                 | Mastercard Inc                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     34683 | NS      | $19799831.04  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz SA                          | Rede D'Or Sao Luiz SA                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1663615 | NS      | $12328921.05  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     69058 | NS      | $21615154.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     19713 | NS      | $21185166.84  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                            | Carrier Global Corp                            | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    205544 | NS      | $10860944.96  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd                                       | NTPC Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |   3416340 | NS      | $12540495.82  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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