# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043079
**Filing Date:** 2023-2
**Character Count:** 25519
**Document Hash:** af6348d9f0f56d1b5aa5a8297ee5c61a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043079.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043079

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IVY FUNDS
- **CENTRAL INDEX KEY:** 0000883622
- **IRS NUMBER:** 481112076
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06569
- **FILM NUMBER:** 23674014

**BUSINESS ADDRESS:**
- **STREET 1:** 6300 LAMAR AVE
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66202
- **BUSINESS PHONE:** 9132362000

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 29217
- **CITY:** SHAWNEE MISSION
- **STATE:** KS
- **ZIP:** 66201-9217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IVY FUNDS INC
- **DATE OF NAME CHANGE:** 20030630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** W&R FUNDS INC
- **DATE OF NAME CHANGE:** 20000829

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WADDELL & REED FUNDS INC
- **DATE OF NAME CHANGE:** 19920717

## Series and Classes Contracts Data

### Delaware Ivy Large Cap Growth Fund (Series ID: S000006291)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017289 | Class R      | WLGRX           |
| C000017290 | Class A      | WLGAX           |
| C000017292 | Class C      | WLGCX           |
| C000017293 | Class Y      | WLGYX           |
| C000045547 | Class I      | IYGIX           |
| C000146682 | Class R6     | ILGRX           |

## Nport-Ex

## Schedule of investments
Delaware Ivy Large Cap Growth Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.17%♦** | &nbsp;&nbsp;**Common Stocks — 99.17%♦** | &nbsp;&nbsp;**Common Stocks — 99.17%♦** |
| &nbsp;&nbsp;Communication Services — 9.01% | &nbsp;&nbsp;Communication Services — 9.01% | &nbsp;&nbsp;Communication Services — 9.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A † | 2691297 | $237453134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class C † | &nbsp;&nbsp;&nbsp;&nbsp;416721 | &nbsp;&nbsp; 36975655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronic Arts | 1169662 | &nbsp;&nbsp; 142909303 |
|  |  | &nbsp;&nbsp; 417338092 |
| &nbsp;&nbsp;Consumer Discretionary — 12.84% | &nbsp;&nbsp;Consumer Discretionary — 12.84% | &nbsp;&nbsp;Consumer Discretionary — 12.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | 2610702 | &nbsp;&nbsp; 219298968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;28408 | &nbsp;&nbsp; 57250074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferrari \* | &nbsp;&nbsp;&nbsp;&nbsp;464202 | &nbsp;&nbsp; 99441352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Depot | &nbsp;&nbsp;&nbsp;&nbsp;192619 | &nbsp;&nbsp; 60840637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton ADR | &nbsp;&nbsp;&nbsp;&nbsp;499204 | &nbsp;&nbsp; 72319684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIKE Class B | &nbsp;&nbsp;&nbsp;&nbsp;730821 | &nbsp;&nbsp; 85513365 |
|  |  | &nbsp;&nbsp; 594664080 |
| &nbsp;&nbsp;Consumer Staples — 3.52% | &nbsp;&nbsp;Consumer Staples — 3.52% | &nbsp;&nbsp;Consumer Staples — 3.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola | 2394501 | &nbsp;&nbsp; 152314209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estee Lauder Class A | &nbsp;&nbsp;&nbsp;&nbsp;42885 | &nbsp;&nbsp; 10640197 |
|  |  | &nbsp;&nbsp; 162954406 |
| &nbsp;&nbsp;Financials — 4.89% | &nbsp;&nbsp;Financials — 4.89% | &nbsp;&nbsp;Financials — 4.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | 1073043 | &nbsp;&nbsp; 110083481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P Global | &nbsp;&nbsp;&nbsp;&nbsp;347243 | &nbsp;&nbsp; 116305571 |
|  |  | &nbsp;&nbsp; 226389052 |
| &nbsp;&nbsp;Healthcare — 10.74% | &nbsp;&nbsp;Healthcare — 10.74% | &nbsp;&nbsp;Healthcare — 10.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooper | &nbsp;&nbsp;&nbsp;&nbsp;282732 | &nbsp;&nbsp; 93490990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaher | &nbsp;&nbsp;&nbsp;&nbsp;268376 | &nbsp;&nbsp; 71232358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical † | &nbsp;&nbsp;&nbsp;&nbsp;267808 | &nbsp;&nbsp; 71062853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group | &nbsp;&nbsp;&nbsp;&nbsp;372656 | &nbsp;&nbsp; 197574758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veeva Systems Class A † | &nbsp;&nbsp;&nbsp;&nbsp;110687 | &nbsp;&nbsp; 17862668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zoetis | &nbsp;&nbsp;&nbsp;&nbsp;313249 | &nbsp;&nbsp; 45906641 |
|  |  | &nbsp;&nbsp; 497130268 |
| &nbsp;&nbsp;Industrials — 10.17% | &nbsp;&nbsp;Industrials — 10.17% | &nbsp;&nbsp;Industrials — 10.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoStar Group † | 2520543 | &nbsp;&nbsp; 194787563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equifax | &nbsp;&nbsp;&nbsp;&nbsp;135501 | &nbsp;&nbsp; 26335974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JB Hunt Transport Services | &nbsp;&nbsp;&nbsp;&nbsp;501252 | &nbsp;&nbsp; 87398299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransUnion | 1535531 | &nbsp;&nbsp; 87141384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Pacific | &nbsp;&nbsp;&nbsp;&nbsp;175023 | &nbsp;&nbsp; 36242013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verisk Analytics | &nbsp;&nbsp;&nbsp;&nbsp;220505 | &nbsp;&nbsp; 38901492 |
|  |  | &nbsp;&nbsp; 470806725 |
| &nbsp;&nbsp;Information Technology — 48.00% | &nbsp;&nbsp;Information Technology — 48.00% | &nbsp;&nbsp;Information Technology — 48.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adobe † | &nbsp;&nbsp;&nbsp;&nbsp;261528 | &nbsp;&nbsp; 88012018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple | 2820604 | &nbsp;&nbsp; 366481078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Autodesk † | &nbsp;&nbsp;&nbsp;&nbsp;300942 | &nbsp;&nbsp; 56237032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadridge Financial Solutions | &nbsp;&nbsp;&nbsp;&nbsp;625707 | &nbsp;&nbsp; 83926080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit | &nbsp;&nbsp;&nbsp;&nbsp;283370 | &nbsp;&nbsp; 110293271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 2392384 | &nbsp;&nbsp; 573741531 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♦ (continued)** | &nbsp;&nbsp;**Common Stocks♦ (continued)** | &nbsp;&nbsp;**Common Stocks♦ (continued)** |
| &nbsp;&nbsp;Information Technology (continued) | &nbsp;&nbsp;Information Technology (continued) | &nbsp;&nbsp;Information Technology (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions | &nbsp;&nbsp;&nbsp;&nbsp;866274 | $223247472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | &nbsp;&nbsp;&nbsp;&nbsp;846867 | &nbsp;&nbsp;&nbsp; 123761143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;579844 | &nbsp;&nbsp;&nbsp; 41296490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce † | &nbsp;&nbsp;&nbsp;&nbsp;442301 | &nbsp;&nbsp;&nbsp; 58644690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VeriSign † | 1080227 | &nbsp;&nbsp;&nbsp; 221921835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa Class A \* | 1320636 | &nbsp;&nbsp;&nbsp; 274375335 |
|  |  | &nbsp;&nbsp; 2221937975 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $2,620,305,138)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $2,620,305,138)** | &nbsp;&nbsp; **4591220598** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral—99.17%<br> (cost $2,620,305,138)** | &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral—99.17%<br> (cost $2,620,305,138)** | &nbsp;&nbsp; **4591220598** |
| &nbsp;&nbsp;**Securities Lending Collateral — 0.05%** | &nbsp;&nbsp;**Securities Lending Collateral — 0.05%** | &nbsp;&nbsp;**Securities Lending Collateral — 0.05%** |
| &nbsp;&nbsp;Money Market Mutual Fund — 0.05% | &nbsp;&nbsp;Money Market Mutual Fund — 0.05% | &nbsp;&nbsp;Money Market Mutual Fund — 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 2209500 | &nbsp;&nbsp;&nbsp; 2209500 |
| &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $2,209,500)** | &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $2,209,500)** | &nbsp;&nbsp; **2209500** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.22%<br> (cost $2,622,514,638)** |  | &nbsp;&nbsp;**4,593,430,098■** |
| &nbsp;&nbsp;&nbsp;**Obligation to Return<br> Securities Lending<br> Collateral — (0.05%)** |  | &nbsp;&nbsp;&nbsp; **(2209500)** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities — 0.82%** |  | &nbsp;&nbsp;&nbsp; **38120167** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 198,471,057 Shares Outstanding—100.00%** |  | &nbsp;&nbsp; **$4629340765** |

---

---

| | |
|:---|:---|
| ♦ | Narrow industries are utilized for compliance purposes for concentration whereas broad sectors are used for financial reporting. |
| <sup>†</sup> | Non-income producing security. |
| <sup>\*</sup> | Fully or partially on loan. |
| ■ | Includes $228,062,222 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $230,878,028. |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |
| S&P – Standard & Poor's Financial Services LLC |

---

NQ-IV067 [12/22] 2/23 (2747692) 1

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** IVY FUNDS

- **b. Investment Company Act file number:** 811-06569

- **c. CIK number of Registrant:** 0000883622

- **d. LEI of Registrant:** UJ5MWG3K37CY01MVRY13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Delaware Ivy Large Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000006291

- **c. LEI of Series:** 55GF8UT7OPVYKJTN2Y17

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4643078123.13

**Total Liabilities:** $11635261.47

**Net Assets:** $4631442861.66

**Cash Not Reported:** $39654424.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017290 | 6.64%                | 4.96%                | -6.09%               |
| Class ID C000045547 | 6.68%                | 4.99%                | -6.08%               |
| Class ID C000017293 | 6.68%                | 4.94%                | -6.09%               |
| Class ID C000017289 | 6.62%                | 4.94%                | -6.13%               |
| Class ID C000146682 | 6.70%                | 4.98%                | -6.10%               |
| Class ID C000017292 | 6.57%                | 4.92%                | -6.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3226081.02              | $272340362.62                              |
| Month 2  | $19796959.76             | $186587022.87                              |
| Month 3  | $18404130.29             | $-304217483.84                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CoStar Group Inc                           | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2520543 | NS      | $194787563.04 | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                             | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    347243 | NS      | $116305570.42 | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                       | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    220505 | NS      | $38901492.10  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                         | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    192619 | NS      | $60840637.34  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                     | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |    866274 | NS      | $223247472.54 | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                     | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    373237 | NS      | $197882792.66 | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                        | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |   1169662 | NS      | $142909303.16 | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                     | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    267808 | NS      | $71062852.80  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                   | Estee Lauder Cos Inc/The                   | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     42885 | NS      | $10640197.35  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                   | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   1332863 | NS      | $276915616.88 | 5.98%             |  |  |  | No            |                  1 | On Loan: —       |
| PayPal Holdings Inc                        | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    579844 | NS      | $41296489.68  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                | Equifax Inc                                | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    135501 | NS      | $26335974.36  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                   | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    730821 | NS      | $85513365.21  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                         | Cooper Cos Inc/The                         | CUSIP: 216648402<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |    286045 | NS      | $94586500.15  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                               | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    268376 | NS      | $71232357.92  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                               | Autodesk Inc                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |    300942 | NS      | $56237031.54  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                  | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    261528 | NS      | $88012017.84  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                             | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2392384 | NS      | $573741530.88 | 12.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                             | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   2610702 | NS      | $219298968.00 | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt             | LVMH Moet Hennessy Louis Vuitton SE        | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |    499204 | NS      | $72319683.48  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                 | Ferrari NV                                 | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |    464202 | NS      | $99441352.44  | 2.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet Inc                               | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2691297 | NS      | $237453134.31 | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                         | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    175023 | NS      | $36242012.61  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                 | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    283370 | NS      | $110293271.40 | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc              | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   1073043 | NS      | $110083481.37 | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                  | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   2820604 | NS      | $366481077.72 | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                             | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    442301 | NS      | $58644689.59  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    846867 | NS      | $123761143.38 | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                 | TransUnion                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |   1535531 | NS      | $87141384.25  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                               | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |   1080227 | NS      | $221921834.88 | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS INST PREF GOVT PLUS MMF - SL #4134 | DREYFUS INST PREF GOVT PLUS MMF - SL #4134 | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2209502 | NS      | $2209501.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                 | Zoetis Inc                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    313249 | NS      | $45906640.95  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                               | Alphabet Inc                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    416721 | NS      | $36975654.33  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                           | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   2394501 | NS      | $152314208.61 | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions             | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |    625707 | NS      | $83926079.91  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                          | Veeva Systems Inc                          | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    110687 | NS      | $17862668.06  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                       | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     28408 | NS      | $57250074.24  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc             | JB Hunt Transport Services Inc             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    501252 | NS      | $87398298.72  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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