# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-25-207345
**Filing Date:** 2025-8
**Character Count:** 27271
**Document Hash:** 015656cb833a1d31dd83be4b294983ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207345.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207345

**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:** 251261404

**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 Science and Technology Fund (Series ID: S000006285)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000017263 | Class R             | WSTRX           |
| C000017264 | Class A             | WSTAX           |
| C000017266 | Class C             | WSTCX           |
| C000017267 | Class Y             | WSTYX           |
| C000045542 | Institutional Class | ISTIX           |
| C000146678 | Class R6            | ISTNX           |

## Nport-Ex

## Schedule of investments
Macquarie Science and Technology Fund

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.18%♣** | &nbsp;&nbsp;**Common Stocks — 99.18%♣** | &nbsp;&nbsp;**Common Stocks — 99.18%♣** |
| &nbsp;&nbsp;Communication Services — 13.45% | &nbsp;&nbsp;Communication Services — 13.45% | &nbsp;&nbsp;Communication Services — 13.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms Class A | &nbsp;&nbsp;&nbsp;&nbsp;634402 | $468245772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix † | &nbsp;&nbsp;&nbsp;&nbsp;113685 | &nbsp;&nbsp; 152238994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Take-Two Interactive Software † | &nbsp;&nbsp;&nbsp;&nbsp;555748 | &nbsp;&nbsp; 134963402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZoomInfo Technologies † | 7509560 | &nbsp;&nbsp; 75996747 |
|  |  | &nbsp;&nbsp; 831444915 |
| &nbsp;&nbsp;Consumer Discretionary — 11.75% | &nbsp;&nbsp;Consumer Discretionary — 11.75% | &nbsp;&nbsp;Consumer Discretionary — 11.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | 1091278 | &nbsp;&nbsp; 239415480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash Class A † | &nbsp;&nbsp;&nbsp;&nbsp;458199 | &nbsp;&nbsp; 112950636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DraftKings Class A † | 2383631 | &nbsp;&nbsp; 102233934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55832 | &nbsp;&nbsp; 145924190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SharkNinja † | 1272673 | &nbsp;&nbsp; 125981900 |
|  |  | &nbsp;&nbsp; 726506140 |
| &nbsp;&nbsp;Financials — 1.47% | &nbsp;&nbsp;Financials — 1.47% | &nbsp;&nbsp;Financials — 1.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coinbase Global Class A † | &nbsp;&nbsp;&nbsp;&nbsp;260098 | &nbsp;&nbsp; 91161748 |
|  |  | &nbsp;&nbsp; 91161748 |
| &nbsp;&nbsp;Healthcare — 4.07% | &nbsp;&nbsp;Healthcare — 4.07% | &nbsp;&nbsp;Healthcare — 4.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alnylam Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;188262 | &nbsp;&nbsp; 61390355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Scientific † | 1002626 | &nbsp;&nbsp; 107692059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical † | &nbsp;&nbsp;&nbsp;&nbsp;151631 | &nbsp;&nbsp; 82397802 |
|  |  | &nbsp;&nbsp; 251480216 |
| &nbsp;&nbsp;Industrials — 5.15% | &nbsp;&nbsp;Industrials — 5.15% | &nbsp;&nbsp;Industrials — 5.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copart † | 1018870 | &nbsp;&nbsp; 49995951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;667428 | &nbsp;&nbsp; 124228374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies † | 1544057 | &nbsp;&nbsp; 144060518 |
|  |  | &nbsp;&nbsp; 318284843 |
| &nbsp;&nbsp;Information Technology — 62.82% | &nbsp;&nbsp;Information Technology — 62.82% | &nbsp;&nbsp;Information Technology — 62.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices † | 1136636 | &nbsp;&nbsp; 161288648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices | &nbsp;&nbsp;&nbsp;&nbsp;282728 | &nbsp;&nbsp; 67294919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arista Networks † | 1218609 | &nbsp;&nbsp; 124675887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding | &nbsp;&nbsp;&nbsp;&nbsp;168764 | &nbsp;&nbsp; 135245782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 1110838 | &nbsp;&nbsp; 306202495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems † | &nbsp;&nbsp;&nbsp;&nbsp;395516 | &nbsp;&nbsp; 121878255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW | &nbsp;&nbsp;&nbsp;&nbsp;959601 | &nbsp;&nbsp; 171375143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HubSpot † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88468 | &nbsp;&nbsp; 49243943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit | &nbsp;&nbsp;&nbsp;&nbsp;170689 | &nbsp;&nbsp; 134439777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lam Research | 1765607 | &nbsp;&nbsp; 171864185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology | 1202022 | &nbsp;&nbsp; 148149211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | &nbsp;&nbsp;&nbsp;&nbsp;696118 | &nbsp;&nbsp; 346256054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monday.com † | &nbsp;&nbsp;&nbsp;&nbsp;244479 | &nbsp;&nbsp; 76883756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 3068008 | &nbsp;&nbsp; 484714584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAP ADR | &nbsp;&nbsp;&nbsp;&nbsp;714154 | &nbsp;&nbsp; 217174231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 3345105 | &nbsp;&nbsp; 482799005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify Class A † | &nbsp;&nbsp;&nbsp;&nbsp;936269 | &nbsp;&nbsp; 107998629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowflake Class A † | &nbsp;&nbsp;&nbsp;&nbsp;339897 | &nbsp;&nbsp; 76058752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing ADR | 1357833 | &nbsp;&nbsp; 307535596 |

---

---

| | | |
|:---|:---|:---|
|  | **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;Unity Software † | 3322789 | $80411494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zebra Technologies Class A † | &nbsp;&nbsp;&nbsp;&nbsp;367259 | &nbsp;&nbsp; 113247985 |
|  |  | &nbsp;&nbsp;3884738331 |
| &nbsp;&nbsp;Real Estate — 0.47% | &nbsp;&nbsp;Real Estate — 0.47% | &nbsp;&nbsp;Real Estate — 0.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36743 | &nbsp;&nbsp; 29227954 |
|  |  | &nbsp;&nbsp; 29227954 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $3,333,806,735)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $3,333,806,735)** | &nbsp;&nbsp;**6132844147** |
| &nbsp;&nbsp;**Short-Term Investments — 0.98%** | &nbsp;&nbsp;**Short-Term Investments — 0.98%** | &nbsp;&nbsp;**Short-Term Investments — 0.98%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.98% | &nbsp;&nbsp;Money Market Mutual Funds — 0.98% | &nbsp;&nbsp;Money Market Mutual Funds — 0.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.22%) | 15110903 | &nbsp;&nbsp; 15110903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.23%) | 15110903 | &nbsp;&nbsp; 15110903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.30%) | 15110903 | &nbsp;&nbsp; 15110903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.23%) | 15110904 | &nbsp;&nbsp; 15110904 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $60,443,613)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $60,443,613)** | &nbsp;&nbsp; **60443613** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.16%<br> (cost $3,394,250,348)** |  | &nbsp;&nbsp;**6193287760** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.16%)** |  | &nbsp;&nbsp;&nbsp; **(9809807)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 96,875,949 Shares Outstanding—100.00%** |  | **$6183477953** |

---

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

---

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

---

NQ- IV008 [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 Science and Technology Fund

- **b. EDGAR series identifier (if any):** S000006285

- **c. LEI of Series:** 49UAH9UZ87VYDRR3YP09

**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:** $6201589605.45

**Total Liabilities:** $9678330.27

**Net Assets:** $6191911275.18

**Cash Not Reported:** $107252.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017266 | 2.88%                | 12.25%               | 10.87%               |
| Class ID C000017263 | 2.89%                | 12.31%               | 10.94%               |
| Class ID C000146678 | 2.93%                | 12.38%               | 10.98%               |
| Class ID C000017264 | 2.90%                | 12.35%               | 10.96%               |
| Class ID C000045542 | 2.94%                | 12.37%               | 10.97%               |
| Class ID C000017267 | 2.91%                | 12.33%               | 10.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19412900.03             | $125228475.45                              |
| Month 2  | $117641160.22            | $513480585.77                              |
| Month 3  | $69108404.77             | $546800220.78                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NVIDIA Corp                                    | NVIDIA Corp                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   3068008 | NS      | $484714583.92 | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                   | DoorDash Inc                                   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    458199 | NS      | $112950635.49 | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                                 | SharkNinja Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1272673 | NS      | $125981900.27 | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |    168764 | NS      | $135245781.96 | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                              | Lam Research Corp                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   1765607 | NS      | $171864185.38 | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    113685 | NS      | $152238994.05 | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                             | Unity Software Inc                             | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |   3322789 | NS      | $80411493.80  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                         | Intuitive Surgical Inc                         | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    151631 | NS      | $82397801.71  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    696118 | NS      | $346256054.38 | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1357833 | NS      | $307535596.17 | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  15110903 | NS      | $15110903.40  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                     | Advanced Micro Devices Inc                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |   1136636 | NS      | $161288648.40 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                                 | DraftKings Inc                                 | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |   2383631 | NS      | $102233933.59 | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL                 | Seagate Technology Holdings PLC                | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |   3345105 | NS      | $482799004.65 | 7.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1091278 | NS      | $239415480.42 | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    634402 | NS      | $468245772.18 | 7.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                    | Shopify Inc                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    936269 | NS      | $107998629.15 | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software                  | Take-Two Interactive Software Inc              | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    555748 | NS      | $134963401.80 | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace Inc                           | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    667428 | NS      | $124228373.64 | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                  | Snowflake Inc                                  | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    339897 | NS      | $76058751.69  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                         | Boston Scientific Corp                         | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   1002626 | NS      | $107692058.66 | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                          | Uber Technologies Inc                          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |   1544057 | NS      | $144060518.10 | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                            | Arista Networks Inc                            | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |   1218609 | NS      | $124675886.79 | 2.01%             |  |  |  | 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        |  15110903 | NS      | $15110902.55  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                        | Zebra Technologies Corp                        | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |    367259 | NS      | $113247985.24 | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom Inc                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   1110838 | NS      | $306202494.70 | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                               | MercadoLibre Inc                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |     55832 | NS      | $145924190.16 | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                             | Analog Devices Inc                             | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    282728 | NS      | $67294918.56  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                    | Alnylam Pharmaceuticals Inc                    | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |    188262 | NS      | $61390355.58  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                    | CDW Corp/DE                                    | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    959601 | NS      | $171375142.59 | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                 | Monday.com Ltd                                 | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |    244479 | NS      | $76883755.92  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                      | ZoomInfo Technologies Inc                      | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |   7509560 | NS      | $75996747.20  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                    | Equinix Inc                                    | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     36743 | NS      | $29227954.21  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  15110903 | NS      | $15110903.40  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                     | Intuit Inc                                     | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    170689 | NS      | $134439777.07 | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                            | Coinbase Global Inc                            | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |    260098 | NS      | $91161748.02  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                          | Micron Technology Inc                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   1202022 | NS      | $148149211.50 | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                     | Copart Inc                                     | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |   1018870 | NS      | $49995950.90  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                    | HubSpot Inc                                    | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     88468 | NS      | $49243942.84  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  15110903 | NS      | $15110903.40  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                         | SAP SE                                         | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    714154 | NS      | $217174231.40 | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                     | Cadence Design Systems Inc                     | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    395516 | NS      | $121878255.40 | 1.97%             |  |  |  | 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