# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-008189
**Filing Date:** 2026-2
**Character Count:** 27527
**Document Hash:** d8853f9e7b2aac8cfbf27f7d5d90a625
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008189.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008189

**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:** 26683417

**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 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
Nomura Science and Technology Fund

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.86%♣** | &nbsp;&nbsp;**Common Stocks — 99.86%♣** | &nbsp;&nbsp;**Common Stocks — 99.86%♣** |
| &nbsp;&nbsp;Communication Services — 13.14% | &nbsp;&nbsp;Communication Services — 13.14% | &nbsp;&nbsp;Communication Services — 13.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A | &nbsp;&nbsp;&nbsp;&nbsp;947817 | &nbsp;&nbsp;$296666721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms Class A | &nbsp;&nbsp;&nbsp;&nbsp;263248 | &nbsp;&nbsp;&nbsp; 173767372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix † | 1442361 | &nbsp;&nbsp;&nbsp; 135235767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spotify Technology † | &nbsp;&nbsp;&nbsp;&nbsp;206933 | &nbsp;&nbsp;&nbsp; 120168063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Take-Two Interactive Software † | &nbsp;&nbsp;&nbsp;&nbsp;538796 | &nbsp;&nbsp;&nbsp; 137947940 |
|  |  | &nbsp;&nbsp;&nbsp; 863785863 |
| &nbsp;&nbsp;Consumer Discretionary — 10.30% | &nbsp;&nbsp;Consumer Discretionary — 10.30% | &nbsp;&nbsp;Consumer Discretionary — 10.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | 1263451 | &nbsp;&nbsp;&nbsp; 291629760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash Class A † | &nbsp;&nbsp;&nbsp;&nbsp;805174 | &nbsp;&nbsp;&nbsp; 182355807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre † | &nbsp;&nbsp;&nbsp;&nbsp;32091 | &nbsp;&nbsp;&nbsp; 64639618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SharkNinja † | 1233852 | &nbsp;&nbsp;&nbsp; 138068039 |
|  |  | &nbsp;&nbsp;&nbsp; 676693224 |
| &nbsp;&nbsp;Financials — 0.87% | &nbsp;&nbsp;Financials — 0.87% | &nbsp;&nbsp;Financials — 0.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coinbase Global Class A † | &nbsp;&nbsp;&nbsp;&nbsp;252164 | &nbsp;&nbsp;&nbsp; 57024367 |
|  |  | &nbsp;&nbsp;&nbsp; 57024367 |
| &nbsp;&nbsp;Healthcare — 4.79% | &nbsp;&nbsp;Healthcare — 4.79% | &nbsp;&nbsp;Healthcare — 4.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences | &nbsp;&nbsp;&nbsp;&nbsp;854881 | &nbsp;&nbsp;&nbsp; 104928094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insmed † | &nbsp;&nbsp;&nbsp;&nbsp;360078 | &nbsp;&nbsp;&nbsp; 62667975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuitive Surgical † | &nbsp;&nbsp;&nbsp;&nbsp;255562 | &nbsp;&nbsp;&nbsp; 144740094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medline Class A † | &nbsp;&nbsp;&nbsp;&nbsp;63747 | &nbsp;&nbsp;&nbsp; 2677374 |
|  |  | &nbsp;&nbsp;&nbsp; 315013537 |
| &nbsp;&nbsp;Industrials — 3.49% | &nbsp;&nbsp;Industrials — 3.49% | &nbsp;&nbsp;Industrials — 3.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;616064 | &nbsp;&nbsp;&nbsp; 126305441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions † | 1358719 | &nbsp;&nbsp;&nbsp; 103140360 |
|  |  | &nbsp;&nbsp;&nbsp; 229445801 |
| &nbsp;&nbsp;Information Technology — 67.27% | &nbsp;&nbsp;Information Technology — 67.27% | &nbsp;&nbsp;Information Technology — 67.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accenture Class A | &nbsp;&nbsp;&nbsp;&nbsp;506381 | &nbsp;&nbsp;&nbsp; 135862022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices † | 1183685 | &nbsp;&nbsp;&nbsp; 253497980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amphenol Class A | &nbsp;&nbsp;&nbsp;&nbsp;734937 | &nbsp;&nbsp;&nbsp; 99319386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding | &nbsp;&nbsp;&nbsp;&nbsp;163616 | &nbsp;&nbsp;&nbsp; 175046214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom | &nbsp;&nbsp;&nbsp;&nbsp;829255 | &nbsp;&nbsp;&nbsp; 287005156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems † | &nbsp;&nbsp;&nbsp;&nbsp;383451 | &nbsp;&nbsp;&nbsp; 119859114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW | &nbsp;&nbsp;&nbsp;&nbsp;930330 | &nbsp;&nbsp;&nbsp; 126710946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celestica † | &nbsp;&nbsp;&nbsp;&nbsp;323964 | &nbsp;&nbsp;&nbsp; 95766998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Datadog Class A † | &nbsp;&nbsp;&nbsp;&nbsp;628992 | &nbsp;&nbsp;&nbsp; 85536622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lam Research | 1595659 | &nbsp;&nbsp;&nbsp; 273144908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology | &nbsp;&nbsp;&nbsp;&nbsp;572513 | &nbsp;&nbsp;&nbsp; 163400935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | &nbsp;&nbsp;&nbsp;&nbsp;674884 | &nbsp;&nbsp;&nbsp; 326387400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 2868737 | &nbsp;&nbsp;&nbsp; 535019451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce | &nbsp;&nbsp;&nbsp;&nbsp;524333 | &nbsp;&nbsp;&nbsp; 138901055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics | 1779460 | &nbsp;&nbsp;&nbsp; 149145259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 1520974 | &nbsp;&nbsp;&nbsp; 418861030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify Class A † | &nbsp;&nbsp;&nbsp;&nbsp;843466 | &nbsp;&nbsp;&nbsp; 135772722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowflake Class A † | &nbsp;&nbsp;&nbsp;&nbsp;329529 | &nbsp;&nbsp;&nbsp; 72285481 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**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;Taiwan Semiconductor Manufacturing ADR | 1098482 | &nbsp;&nbsp;$333817695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments | 1136229 | &nbsp;&nbsp;&nbsp; 197124369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unity Software † | 3221432 | &nbsp;&nbsp;&nbsp; 142290651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Digital | &nbsp;&nbsp;&nbsp;&nbsp;909004 | &nbsp;&nbsp;&nbsp; 156594119 |
|  |  | &nbsp;&nbsp;&nbsp;4421349513 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $3,707,448,095)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $3,707,448,095)** | &nbsp;&nbsp;&nbsp;**6563312305** |
| &nbsp;&nbsp;**Short-Term Investments — 0.23%** | &nbsp;&nbsp;**Short-Term Investments — 0.23%** | &nbsp;&nbsp;**Short-Term Investments — 0.23%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.23% | &nbsp;&nbsp;Money Market Mutual Funds — 0.23% | &nbsp;&nbsp;Money Market Mutual Funds — 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.65%) | 3731387 | &nbsp;&nbsp;&nbsp; 3731387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.67%) | 3731387 | &nbsp;&nbsp;&nbsp; 3731387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.68%) | 3731387 | &nbsp;&nbsp;&nbsp; 3731387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.69%) | 3731387 | &nbsp;&nbsp;&nbsp; 3731387 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $14,925,548)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $14,925,548)** | &nbsp;&nbsp;&nbsp; **14925548** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.09%<br> (cost $3,722,373,643)** |  | &nbsp;&nbsp;&nbsp;**6578237853** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.09%)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(5640244)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 102,539,506 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$6572597609** |

---

♣ 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 [1225] 0226 (5191634) 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:** Nomura 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:** 2025-12-31

**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:** $6587742142.67

**Total Liabilities:** $12476625.06

**Net Assets:** $6575265517.61

**Cash Not Reported:** $107252.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017263 | 6.29%                | -3.96%               | 0.48%                |
| Class ID C000017264 | 6.32%                | -3.94%               | 0.52%                |
| Class ID C000017266 | 6.25%                | -4.01%               | 0.44%                |
| Class ID C000017267 | 6.32%                | -3.94%               | 0.50%                |
| Class ID C000045542 | 6.34%                | -3.93%               | 0.53%                |
| Class ID C000146678 | 6.35%                | -3.92%               | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4462506.78              | $421970829.08                              |
| Month 2  | $624684575.34            | $-896143946.04                             |
| Month 3  | $95968050.65             | $-60946701.92                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kratos Defense & Security Solu                 | Kratos Defense & Security Solutions Inc        | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |   1358719 | NS      | $103140359.29 | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                            | Gilead Sciences Inc                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    854881 | NS      | $104928093.94 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                             | Unity Software Inc                             | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |   3221432 | NS      | $142290651.44 | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC                                  | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |    506381 | NS      | $135862022.30 | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace Inc                           | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    616064 | NS      | $126305441.28 | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   3731387 | NS      | $3731387.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |   1442361 | NS      | $135235767.36 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1098482 | NS      | $333817694.98 | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                  | Snowflake Inc                                  | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    329529 | NS      | $72285481.44  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                                  | Celestica Inc                                  | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |    323964 | NS      | $95766998.04  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                 | Salesforce Inc                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    524333 | NS      | $138901055.03 | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                     | Insmed Inc                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    360078 | NS      | $62667975.12  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   2868737 | NS      | $535019450.50 | 8.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software                  | Take-Two Interactive Software Inc              | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    538796 | NS      | $137947939.88 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                            | Coinbase Global Inc                            | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |    252164 | NS      | $57024366.96  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   3731387 | NS      | $3731386.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                               | MercadoLibre Inc                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |     32091 | NS      | $64639617.66  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                          | Texas Instruments Inc                          | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   1136229 | NS      | $197124369.21 | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   3731387 | NS      | $3731387.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                          | Micron Technology Inc                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    572513 | NS      | $163400935.33 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    263248 | NS      | $173767372.32 | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                   | DoorDash Inc                                   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    805174 | NS      | $182355807.52 | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    947817 | NS      | $296666721.00 | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                           | Western Digital Corp                           | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    909004 | NS      | $156594119.08 | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                                 | SharkNinja Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1233852 | NS      | $138068038.80 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                    | CDW Corp/DE                                    | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    930330 | NS      | $126710946.00 | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL                 | Seagate Technology Holdings PLC                | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |   1520974 | NS      | $418861029.86 | 6.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                     | Samsung Electronics Co Ltd                     | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |   1779460 | NS      | $149145258.98 | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Medline Inc                                    | Medline Inc                                    | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     63747 | NS      | $2677374.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |    163616 | NS      | $175046213.76 | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                     | Advanced Micro Devices Inc                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |   1183685 | NS      | $253497979.60 | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                  | Amphenol Corp                                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    734937 | NS      | $99319386.18  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                              | Lam Research Corp                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   1595659 | NS      | $273144907.62 | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1263451 | NS      | $291629759.82 | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                    | Shopify Inc                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    843466 | NS      | $135772722.02 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                    | Datadog Inc                                    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    628992 | NS      | $85536622.08  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                     | Cadence Design Systems Inc                     | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    383451 | NS      | $119859113.58 | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    674884 | NS      | $326387400.08 | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                          | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |    206933 | NS      | $120168062.43 | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom Inc                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    829255 | NS      | $287005155.50 | 4.36%             |  |  |  | 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        |   3731387 | NS      | $3731387.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                         | Intuitive Surgical Inc                         | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    255562 | NS      | $144740094.32 | 2.20%             |  |  |  | No            |                  1 | 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