# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-25-207525
**Filing Date:** 2025-8
**Character Count:** 22351
**Document Hash:** b88a6025d5eed712c84bf32501449478
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207525.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207525

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**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:** 251261579

**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

### Macquarie Climate Solutions Fund (Series ID: S000011242)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000030961 | Class A             | IEYAX           |
| C000030963 | Class C             | IEYCX           |
| C000030964 | Class Y             | IEYYX           |
| C000045550 | Institutional Class | IVEIX           |
| C000122152 | Class R             | IYEFX           |
| C000146685 | Class R6            | IENRX           |

## Nport-Ex

## Schedule of investments
Macquarie Climate Solutions Fund

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.38%♣** | &nbsp;&nbsp;**Common Stocks — 99.38%♣** | &nbsp;&nbsp;**Common Stocks — 99.38%♣** |
| &nbsp;&nbsp;Consumer Discretionary — 4.06% | &nbsp;&nbsp;Consumer Discretionary — 4.06% | &nbsp;&nbsp;Consumer Discretionary — 4.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | 17999 | $3948801 |
|  |  | &nbsp;&nbsp; 3948801 |
| &nbsp;&nbsp;Energy — 11.75% | &nbsp;&nbsp;Energy — 11.75% | &nbsp;&nbsp;Energy — 11.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neste | 211038 | &nbsp;&nbsp; 2863782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum | 65116 | &nbsp;&nbsp; 2735523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger | 68094 | &nbsp;&nbsp; 2301577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy | 26233 | &nbsp;&nbsp; 3526240 |
|  |  | &nbsp;&nbsp;11427122 |
| &nbsp;&nbsp;Industrials — 16.44% | &nbsp;&nbsp;Industrials — 16.44% | &nbsp;&nbsp;Industrials — 16.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cummins | 12347 | &nbsp;&nbsp; 4043642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingspan Group | 44887 | &nbsp;&nbsp; 3817549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric | 15474 | &nbsp;&nbsp; 4115792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Management | 17532 | &nbsp;&nbsp; 4011672 |
|  |  | &nbsp;&nbsp;15988655 |
| &nbsp;&nbsp;Information Technology — 3.88% | &nbsp;&nbsp;Information Technology — 3.88% | &nbsp;&nbsp;Information Technology — 3.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Solar † | 22790 | &nbsp;&nbsp; 3772657 |
|  |  | &nbsp;&nbsp; 3772657 |
| &nbsp;&nbsp;Materials — 24.27% | &nbsp;&nbsp;Materials — 24.27% | &nbsp;&nbsp;Materials — 24.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alcoa | 109677 | &nbsp;&nbsp; 3236568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anglo American | 126515 | &nbsp;&nbsp; 3733708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CF Industries Holdings | 47236 | &nbsp;&nbsp; 4345712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holcim † | 34764 | &nbsp;&nbsp; 2580628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson Matthey | 63188 | &nbsp;&nbsp; 1505720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutrien | 65305 | &nbsp;&nbsp; 3803363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel Dynamics | 23860 | &nbsp;&nbsp; 3054319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valterra Platinum † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;West Fraser Timber | 18233 | &nbsp;&nbsp; 1337064 |
|  |  | &nbsp;&nbsp;23597120 |
| &nbsp;&nbsp;Real Estate — 3.61% | &nbsp;&nbsp;Real Estate — 3.61% | &nbsp;&nbsp;Real Estate — 3.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weyerhaeuser | 136781 | &nbsp;&nbsp; 3513904 |
|  |  | &nbsp;&nbsp; 3513904 |
| &nbsp;&nbsp;Utilities — 35.37% | &nbsp;&nbsp;Utilities — 35.37% | &nbsp;&nbsp;Utilities — 35.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AES | 201597 | &nbsp;&nbsp; 2120800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameren | 39792 | &nbsp;&nbsp; 3821624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CLP Holdings | 364000 | &nbsp;&nbsp; 3065039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Energy | 53982 | &nbsp;&nbsp; 3739873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EDP Renovaveis | 295229 | &nbsp;&nbsp; 3295073 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Utilities (continued) | &nbsp;&nbsp;Utilities (continued) | &nbsp;&nbsp;Utilities (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | 43780 | $3039208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NiSource | 88209 | &nbsp;&nbsp; 3558351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RWE | 102093 | &nbsp;&nbsp; 4260828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SSE | 144444 | &nbsp;&nbsp; 3630343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy | 56755 | &nbsp;&nbsp; 3865015 |
|  |  | &nbsp;&nbsp;34396154 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $89,883,427)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $89,883,427)** | &nbsp;&nbsp;**96644413** |
| &nbsp;&nbsp;**Short-Term Investments — 0.45%** | &nbsp;&nbsp;**Short-Term Investments — 0.45%** | &nbsp;&nbsp;**Short-Term Investments — 0.45%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.45% | &nbsp;&nbsp;Money Market Mutual Funds — 0.45% | &nbsp;&nbsp;Money Market Mutual Funds — 0.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.22%) | 110074 | &nbsp;&nbsp; 110074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.23%) | 110073 | &nbsp;&nbsp; 110073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.30%) | 110073 | &nbsp;&nbsp; 110073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.23%) | 110073 | &nbsp;&nbsp; 110073 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $440,293)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $440,293)** | &nbsp;&nbsp; **440293** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.83%<br> (cost $90,323,720)** |  | &nbsp;&nbsp;**97084706** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.17%** |  | &nbsp;&nbsp; **161469** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 10,449,293 Shares Outstanding—100.00%** |  | **$97246175** |

---

♣ Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. <br> † Non-income producing security.

NQ- IV061 [0625] 0825 (4730775) 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:** Macquarie Climate Solutions Fund

- **b. EDGAR series identifier (if any):** S000011242

- **c. LEI of Series:** 7VPJ6M109QX5QEGF5V86

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $97566388.83

**Total Liabilities:** $259053.51

**Net Assets:** $97307335.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146685 | -1.65%               | 4.47%                | 3.53%                |
| Class ID C000045550 | -1.66%               | 4.49%                | 3.44%                |
| Class ID C000030964 | -1.70%               | 4.48%                | 3.52%                |
| Class ID C000030963 | -1.77%               | 4.38%                | 3.45%                |
| Class ID C000122152 | -1.76%               | 4.42%                | 3.43%                |
| Class ID C000030961 | -1.74%               | 4.48%                | 3.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2458421.83             | $738807.84                                 |
| Month 2  | $799134.53               | $2971402.10                                |
| Month 3  | $1113993.79              | $1573579.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ameren Corp                                    | Ameren Corp                                    | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     39792 | NS      | $3821623.68   | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                             | Anglo American PLC                             | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    126515 | NS      | $3733707.52   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                             | Steel Dynamics Inc                             | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     23860 | NS      | $3054318.60   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    110073 | NS      | $110073.07    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                     | CF Industries Holdings Inc                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     47236 | NS      | $4345712.00   | 4.47%             |  |  |  | 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        |    110073 | NS      | $110073.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                              | EDP Renovaveis SA                              | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    295229 | NS      | $3295073.38   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                      | Occidental Petroleum Corp                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     65116 | NS      | $2735523.16   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                        | SSE PLC                                        | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    144444 | NS      | $3630343.05   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                    | Cummins Inc                                    | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     12347 | NS      | $4043642.50   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                   | AES Corp/The                                   | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    201597 | NS      | $2120800.44   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                    | Nutrien Ltd                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     65305 | NS      | $3803363.20   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    110073 | NS      | $110073.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    110073 | NS      | $110073.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     53982 | NS      | $3739872.96   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                             | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     43780 | NS      | $3039207.60   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                             | Kingspan Group PLC                             | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     44887 | NS      | $3817549.13   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                      | Neste Oyj                                      | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    211038 | NS      | $2863782.28   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                             | Valero Energy Corp                             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     26233 | NS      | $3526239.86   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                   | NiSource Inc                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     88209 | NS      | $3558351.06   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                     | Alcoa Corp                                     | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    109677 | NS      | $3236568.27   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Matthey PLC                            | Johnson Matthey PLC                            | CUSIP: 000000000<br>LEI: 2138001AVBSD1HSC6Z10 | Long             | EC               | CORP              | GB        |     63188 | NS      | $1505719.74   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar Inc                                | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     22790 | NS      | $3772656.60   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     17999 | NS      | $3948800.61   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                | Xcel Energy Inc                                | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     56755 | NS      | $3865015.50   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                      | West Fraser Timber Co Ltd                      | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     18233 | NS      | $1337064.35   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                         | RWE AG                                         | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |    102093 | NS      | $4260827.72   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                      | Holcim AG                                      | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     34764 | NS      | $2580628.39   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                | Weyerhaeuser Co                                | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    136781 | NS      | $3513903.89   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                           | Waste Management Inc                           | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     17532 | NS      | $4011672.24   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                          | Schneider Electric SE                          | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     15474 | NS      | $4115791.70   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd                               | CLP Holdings Ltd                               | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    364000 | NS      | $3065038.63   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                | Schlumberger NV                                | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     68094 | NS      | $2301577.20   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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