# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043059
**Filing Date:** 2023-2
**Character Count:** 44265
**Document Hash:** e95eb1aa55327b84a04d507d7ecccacf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043059.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043059

**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:** 23673995

**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 Global Growth Fund (Series ID: S000024824)

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

## Nport-Ex

## Schedule of investments
Delaware Ivy Global Growth Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks – 100.17%Δ** | &nbsp;&nbsp;**Common Stocks – 100.17%Δ** | &nbsp;&nbsp;**Common Stocks – 100.17%Δ** |
| &nbsp;&nbsp;Canada - 3.19% | &nbsp;&nbsp;Canada - 3.19% | &nbsp;&nbsp;Canada - 3.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barrick Gold | &nbsp;&nbsp;&nbsp;&nbsp;282814 | $4858744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Natural Resources | &nbsp;&nbsp;&nbsp;&nbsp;229852 | &nbsp;&nbsp; 12763682 |
|  |  | &nbsp;&nbsp; 17622426 |
| &nbsp;&nbsp;China - 2.68% | &nbsp;&nbsp;China - 2.68% | &nbsp;&nbsp;China - 2.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H World Group ADR | &nbsp;&nbsp;&nbsp;&nbsp;174682 | &nbsp;&nbsp; 7410010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD.com ADR | &nbsp;&nbsp;&nbsp;&nbsp;131614 | &nbsp;&nbsp; 7387494 |
|  |  | &nbsp;&nbsp; 14797504 |
| &nbsp;&nbsp;China/Hong Kong - 3.14% | &nbsp;&nbsp;China/Hong Kong - 3.14% | &nbsp;&nbsp;China/Hong Kong - 3.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Mengniu Dairy † | 2305000 | &nbsp;&nbsp; 10453849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings | &nbsp;&nbsp;&nbsp;&nbsp;160900 | &nbsp;&nbsp; 6885010 |
|  |  | &nbsp;&nbsp; 17338859 |
| &nbsp;&nbsp;Denmark - 2.09% | &nbsp;&nbsp;Denmark - 2.09% | &nbsp;&nbsp;Denmark - 2.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genmab † | &nbsp;&nbsp;&nbsp;&nbsp;27243 | &nbsp;&nbsp; 11533607 |
|  |  | &nbsp;&nbsp; 11533607 |
| &nbsp;&nbsp;France - 7.95% | &nbsp;&nbsp;France - 7.95% | &nbsp;&nbsp;France - 7.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airbus | &nbsp;&nbsp;&nbsp;&nbsp;91525 | &nbsp;&nbsp; 10876955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas | &nbsp;&nbsp;&nbsp;&nbsp;156091 | &nbsp;&nbsp; 8897415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7319 | &nbsp;&nbsp; 5326761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thales | &nbsp;&nbsp;&nbsp;&nbsp;59106 | &nbsp;&nbsp; 7548113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies \* | &nbsp;&nbsp;&nbsp;&nbsp;73501 | &nbsp;&nbsp; 4614532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vinci | &nbsp;&nbsp;&nbsp;&nbsp;66557 | &nbsp;&nbsp; 6646534 |
|  |  | &nbsp;&nbsp; 43910310 |
| &nbsp;&nbsp;Germany - 5.17% | &nbsp;&nbsp;Germany - 5.17% | &nbsp;&nbsp;Germany - 5.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bayer | &nbsp;&nbsp;&nbsp;&nbsp;145707 | &nbsp;&nbsp; 7537350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Telekom | &nbsp;&nbsp;&nbsp;&nbsp;671359 | &nbsp;&nbsp; 13394315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RWE | &nbsp;&nbsp;&nbsp;&nbsp;170917 | &nbsp;&nbsp; 7609227 |
|  |  | &nbsp;&nbsp; 28540892 |
| &nbsp;&nbsp;Hong Kong - 1.49% | &nbsp;&nbsp;Hong Kong - 1.49% | &nbsp;&nbsp;Hong Kong - 1.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential | &nbsp;&nbsp;&nbsp;&nbsp;602808 | &nbsp;&nbsp; 8216822 |
|  |  | &nbsp;&nbsp; 8216822 |
| &nbsp;&nbsp;India - 5.45% | &nbsp;&nbsp;India - 5.45% | &nbsp;&nbsp;India - 5.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICICI Bank | &nbsp;&nbsp;&nbsp;&nbsp;562909 | &nbsp;&nbsp; 6061495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Larsen & Toubro | &nbsp;&nbsp;&nbsp;&nbsp;467197 | &nbsp;&nbsp; 11779034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NTPC | 2755861 | &nbsp;&nbsp; 5544701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Bank of India | &nbsp;&nbsp;&nbsp;&nbsp;900899 | &nbsp;&nbsp; 6682965 |
|  |  | &nbsp;&nbsp; 30068195 |
| &nbsp;&nbsp;Israel - 1.85% | &nbsp;&nbsp;Israel - 1.85% | &nbsp;&nbsp;Israel - 1.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check Point Software Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;81072 | &nbsp;&nbsp; 10228044 |
|  |  | &nbsp;&nbsp; 10228044 |
| &nbsp;&nbsp;Italy - 1.27% | &nbsp;&nbsp;Italy - 1.27% | &nbsp;&nbsp;Italy - 1.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferrari | &nbsp;&nbsp;&nbsp;&nbsp;32687 | &nbsp;&nbsp; 7004958 |
|  |  | &nbsp;&nbsp; 7004958 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Japan - 4.05% | &nbsp;&nbsp;Japan - 4.05% | &nbsp;&nbsp;Japan - 4.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asahi Group Holdings | &nbsp;&nbsp;&nbsp;&nbsp;89700 | $2815257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORIX | &nbsp;&nbsp;&nbsp;&nbsp;815100 | &nbsp;&nbsp; 13157493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subaru | &nbsp;&nbsp;&nbsp;&nbsp;412600 | &nbsp;&nbsp; 6374173 |
|  |  | &nbsp;&nbsp; 22346923 |
| &nbsp;&nbsp;Netherlands - 0.80% | &nbsp;&nbsp;Netherlands - 0.80% | &nbsp;&nbsp;Netherlands - 0.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell | &nbsp;&nbsp;&nbsp;&nbsp;156293 | &nbsp;&nbsp; 4430206 |
|  |  | &nbsp;&nbsp; 4430206 |
| &nbsp;&nbsp;Taiwan - 1.63% | &nbsp;&nbsp;Taiwan - 1.63% | &nbsp;&nbsp;Taiwan - 1.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;616000 | &nbsp;&nbsp; 8988824 |
|  |  | &nbsp;&nbsp; 8988824 |
| &nbsp;&nbsp;United Kingdom - 3.61% | &nbsp;&nbsp;United Kingdom - 3.61% | &nbsp;&nbsp;United Kingdom - 3.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca | &nbsp;&nbsp;&nbsp;&nbsp;68592 | &nbsp;&nbsp; 9302448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reckitt Benckiser Group | &nbsp;&nbsp;&nbsp;&nbsp;152643 | &nbsp;&nbsp; 10618302 |
|  |  | &nbsp;&nbsp; 19920750 |
| &nbsp;&nbsp;United States - 55.80% | &nbsp;&nbsp;United States - 55.80% | &nbsp;&nbsp;United States - 55.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;67814 | &nbsp;&nbsp; 7445299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGNC Investment | &nbsp;&nbsp;&nbsp;&nbsp;741756 | &nbsp;&nbsp; 7677175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet Class A † | &nbsp;&nbsp;&nbsp;&nbsp;110745 | &nbsp;&nbsp; 9771031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com † | &nbsp;&nbsp;&nbsp;&nbsp;47638 | &nbsp;&nbsp; 4001592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambarella † | &nbsp;&nbsp;&nbsp;&nbsp;98162 | &nbsp;&nbsp; 8071861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple | &nbsp;&nbsp;&nbsp;&nbsp;68843 | &nbsp;&nbsp; 8944771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aptiv † | &nbsp;&nbsp;&nbsp;&nbsp;87730 | &nbsp;&nbsp; 8170295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Autodesk † | &nbsp;&nbsp;&nbsp;&nbsp;32807 | &nbsp;&nbsp; 6130644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burlington Stores † | &nbsp;&nbsp;&nbsp;&nbsp;36070 | &nbsp;&nbsp; 7313553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casey's General Stores | &nbsp;&nbsp;&nbsp;&nbsp;23747 | &nbsp;&nbsp; 5327639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;109123 | &nbsp;&nbsp; 12876514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Darden Restaurants | &nbsp;&nbsp;&nbsp;&nbsp;78739 | &nbsp;&nbsp; 10891966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;21535 | &nbsp;&nbsp; 7878364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Republic Bank | &nbsp;&nbsp;&nbsp;&nbsp;62597 | &nbsp;&nbsp; 7629948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frontier Communications Parent † | &nbsp;&nbsp;&nbsp;&nbsp;162382 | &nbsp;&nbsp; 4137493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generac Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9159 | &nbsp;&nbsp; 921945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingersoll Rand | &nbsp;&nbsp;&nbsp;&nbsp;138615 | &nbsp;&nbsp; 7242634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | &nbsp;&nbsp;&nbsp;&nbsp;59952 | &nbsp;&nbsp; 6150476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit | &nbsp;&nbsp;&nbsp;&nbsp;24626 | &nbsp;&nbsp; 9584932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA | &nbsp;&nbsp;&nbsp;&nbsp;12813 | &nbsp;&nbsp; 4830885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard Class A | &nbsp;&nbsp;&nbsp;&nbsp;37716 | &nbsp;&nbsp; 13114985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology | &nbsp;&nbsp;&nbsp;&nbsp;74381 | &nbsp;&nbsp; 5225265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | &nbsp;&nbsp;&nbsp;&nbsp;58280 | &nbsp;&nbsp; 13976710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;90765 | &nbsp;&nbsp; 7716840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | &nbsp;&nbsp;&nbsp;&nbsp;36705 | &nbsp;&nbsp; 5364069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;84178 | &nbsp;&nbsp; 5995157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | &nbsp;&nbsp;&nbsp;&nbsp;77409 | &nbsp;&nbsp; 11732108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raytheon Technologies | &nbsp;&nbsp;&nbsp;&nbsp;110959 | &nbsp;&nbsp; 11197982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;14314 | &nbsp;&nbsp; 10327408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger | &nbsp;&nbsp;&nbsp;&nbsp;52755 | &nbsp;&nbsp; 2820282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings | &nbsp;&nbsp;&nbsp;&nbsp;78250 | &nbsp;&nbsp; 4116733 |

---

NQ-IV958 [12/22] 2/23 (2747708) 1

------

Delaware Ivy Global Growth Fund (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;United States (continued) | &nbsp;&nbsp;United States (continued) | &nbsp;&nbsp;United States (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skechers USA Class A † | &nbsp;&nbsp;&nbsp;&nbsp;203008 | $8516186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | &nbsp;&nbsp;&nbsp;&nbsp;11720 | &nbsp;&nbsp; 6454087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US † | &nbsp;&nbsp;&nbsp;&nbsp;41459 | &nbsp;&nbsp; 5804260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Pacific | &nbsp;&nbsp;&nbsp;&nbsp;40996 | &nbsp;&nbsp; 8489042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group | &nbsp;&nbsp;&nbsp;&nbsp;25887 | &nbsp;&nbsp; 13724770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VeriSign † | &nbsp;&nbsp;&nbsp;&nbsp;44320 | &nbsp;&nbsp; 9105101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;35508 | &nbsp;&nbsp; 10254000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zimmer Biomet Holdings | &nbsp;&nbsp;&nbsp;&nbsp;71188 | &nbsp;&nbsp; 9076470 |
|  |  | &nbsp;&nbsp; 308010472 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $479,706,330)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $479,706,330)** | &nbsp;&nbsp; **552958792** |
| &nbsp;&nbsp;**Short-Term Investments – 0.10%** | &nbsp;&nbsp;**Short-Term Investments – 0.10%** | &nbsp;&nbsp;**Short-Term Investments – 0.10%** |
| &nbsp;&nbsp;Money Market Mutual Funds – 0.10% | &nbsp;&nbsp;Money Market Mutual Funds – 0.10% | &nbsp;&nbsp;Money Market Mutual Funds – 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | &nbsp;&nbsp;&nbsp;&nbsp;136090 | &nbsp;&nbsp; 136090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | &nbsp;&nbsp;&nbsp;&nbsp;136090 | &nbsp;&nbsp; 136090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | &nbsp;&nbsp;&nbsp;&nbsp;136090 | &nbsp;&nbsp; 136090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | &nbsp;&nbsp;&nbsp;&nbsp;136090 | &nbsp;&nbsp; 136090 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $544,360)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $544,360)** | &nbsp;&nbsp; **544360** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities Before<br> Securities Lending Collateral-100.27%<br> (cost $480,250,690)** |  | &nbsp;&nbsp; **553503152** |

---

---

| | | |
|:---|:---|:---|
|  | **Number ofshares** | **Value (US $)** |
| &nbsp;&nbsp;**Securities Lending Collateral – 0.88%** | &nbsp;&nbsp;**Securities Lending Collateral – 0.88%** | &nbsp;&nbsp;**Securities Lending Collateral – 0.88%** |
| &nbsp;&nbsp;Money Market Mutual Fund - 0.88% | &nbsp;&nbsp;Money Market Mutual Fund - 0.88% | &nbsp;&nbsp;Money Market Mutual Fund - 0.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 4.31%) | 4859454 | $4859454 |
| &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $4,859,454)** | &nbsp;&nbsp;&nbsp;**Total Securities Lending Collateral<br> (cost $4,859,454)** | &nbsp;&nbsp; **4859454** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities-101.15%<br> (cost $485,110,144)** |  | &nbsp;&nbsp;**558,362,606■** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Obligation to Return<br> Securities Lending<br> Collateral — (0.88%)** | &nbsp;&nbsp; **(4859454)** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets — (0.27%)** | &nbsp;&nbsp; **(1506074)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 19,522,453 Shares Outstanding — 100.00%** | **$551997078** |

---

---

| | |
|:---|:---|
| <sup>Δ</sup> | Securities have been classified by country of risk. |
| <sup>†</sup> | Non-income producing security. |
| <sup>\*</sup> | Fully or partially on loan. |
| ■ | Includes $4,614,469 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $31,081. |

---

---

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

---

2 NQ-IV958 [12/22] 2/23 (2747708)

## 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 Global Growth Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $562242769.14

**Total Liabilities:** $8611869.24

**Net Assets:** $553630899.90

**Cash Not Reported:** $1868538.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073861 | 6.77%                | 9.89%                | -2.85%               |
| Class ID C000073865 | 6.80%                | 9.91%                | -2.86%               |
| Class ID C000073860 | 6.77%                | 9.88%                | -2.84%               |
| Class ID C000146687 | 6.79%                | 9.88%                | -2.82%               |
| Class ID C000122154 | 6.76%                | 9.84%                | -2.90%               |
| Class ID C000073863 | 6.71%                | 9.81%                | -2.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14346948.14             | $24964316.65                               |
| Month 2  | $9459265.43              | $47674194.03                               |
| Month 3  | $6577022.85              | $-23876279.60                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Microsoft Corp                                 | Microsoft Corp                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     58280 | NS      | $13976709.60  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    616000 | NS      | $8988824.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                 | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    229852 | NS      | $12763681.56  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                     | Raytheon Technologies Corp                     | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    110959 | NS      | $11197982.28  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                      | Apple Inc                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     68843 | NS      | $8944770.99   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent                 | Frontier Communications Parent Inc             | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162382 | NS      | $4137493.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    109123 | NS      | $12876514.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt                 | LVMH Moet Hennessy Louis Vuitton SE            | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      7319 | NS      | $5326760.55   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                           | AGNC Investment Corp                           | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    741756 | NS      | $7677174.60   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                       | Bayer AG                                       | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    145707 | NS      | $7537349.71   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                 | BNP Paribas SA                                 | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    156091 | NS      | $8897415.28   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                      | Aptiv PLC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     87730 | NS      | $8170294.90   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange Inc                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     59952 | NS      | $6150475.68   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| H World Group Ltd                              | H World Group Ltd                              | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | CN        |    174682 | NS      | $7410010.44   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp                                      | ORIX Corp                                      | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    815100 | NS      | $13157492.76  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                   | Autodesk Inc                                   | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     32807 | NS      | $6130644.09   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd                       | Asahi Group Holdings Ltd                       | CUSIP: 000000000<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |     89700 | NS      | $2815256.78   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp                                    | Subaru Corp                                    | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |    412600 | NS      | $6374173.27   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    136090 | NS      | $136090.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                     | Ferrari NV                                     | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |     32687 | NS      | $7004957.79   | 1.27%             |  |  |  | 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        |    136090 | NS      | $136089.97    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    136090 | NS      | $136090.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                     | Zimmer Biomet Holdings Inc                     | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     71188 | NS      | $9076470.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                         | RWE AG                                         | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |    170917 | NS      | $7609227.49   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies SE                               | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     73501 | NS      | $4614531.88   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Deutsche Telekom AG                            | Deutsche Telekom AG                            | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    671359 | NS      | $13394315.03  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                        | Procter & Gamble Co/The                        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     77409 | NS      | $11732108.04  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                      | Thales SA                                      | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     59106 | NS      | $7548113.11   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                             | Union Pacific Corp                             | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     40996 | NS      | $8489041.72   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                     | Intuit Inc                                     | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     24626 | NS      | $9584931.72   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    136090 | NS      | $136090.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                  | Regeneron Pharmaceuticals Inc                  | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     14314 | NS      | $10327407.86  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp                              | Barrick Gold Corp                              | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    282814 | NS      | $4858744.52   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd                     | China Mengniu Dairy Co Ltd                     | CUSIP: 000000000<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | HK        |   2305000 | NS      | $10453849.55  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                           | Generac Holdings Inc                           | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      9159 | NS      | $921944.94    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                         | UnitedHealth Group Inc                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     25887 | NS      | $13724769.66  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                                  | Ambarella Inc                                  | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | US        |     98162 | NS      | $8071861.26   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                    | Reckitt Benckiser Group PLC                    | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    152643 | NS      | $10618302.41  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                         | Darden Restaurants Inc                         | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     78739 | NS      | $10891965.87  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                       | Microchip Technology Inc                       | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     74381 | NS      | $5225265.25   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                       | KLA Corp                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     12813 | NS      | $4830885.39   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     36705 | NS      | $5364068.70   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL                 | Seagate Technology Holdings PLC                | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |     78250 | NS      | $4116732.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     47638 | NS      | $4001592.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                             | Ingersoll Rand Inc                             | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    138615 | NS      | $7242633.75   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| State Bank of India                            | State Bank of India                            | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |    900899 | NS      | $6682965.26   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                 | ICICI Bank Ltd                                 | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    562909 | NS      | $6061495.02   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA                         | First Republic Bank/CA                         | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |     62597 | NS      | $7629948.33   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                     | JD.com Inc                                     | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    131614 | NS      | $7387493.82   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                     | Vertex Pharmaceuticals Inc                     | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     35508 | NS      | $10254000.24  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                            | PayPal Holdings Inc                            | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     84178 | NS      | $5995157.16   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                            | Larsen & Toubro Ltd                            | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |    467197 | NS      | $11779034.24  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                     | Genmab A/S                                     | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |     27243 | NS      | $11533607.27  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                          | Burlington Stores Inc                          | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     36070 | NS      | $7313553.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                               | Skechers USA Inc                               | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |    203008 | NS      | $8516185.60   | 1.54%             |  |  |  | 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        |   4859454 | NS      | $4859454.45   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                     | Casey's General Stores Inc                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     23747 | NS      | $5327639.45   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                   | VeriSign Inc                                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     44320 | NS      | $9105100.80   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    110745 | NS      | $9771031.35   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                                 | Prudential PLC                                 | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    602808 | NS      | $8216822.35   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                      | Shell PLC                                      | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    156293 | NS      | $4430205.73   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                | T-Mobile US Inc                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     41459 | NS      | $5804260.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     67814 | NS      | $7445299.06   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                | AstraZeneca PLC                                | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     68592 | NS      | $9302447.79   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                 | Mastercard Inc                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     37716 | NS      | $13114984.68  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     21535 | NS      | $7878364.40   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     90765 | NS      | $7716840.30   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                       | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     66557 | NS      | $6646533.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog                 | Check Point Software Technologies Ltd          | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     81072 | NS      | $10228043.52  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific Inc                   | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     11720 | NS      | $6454086.80   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd                                       | NTPC Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |   2755861 | NS      | $5544700.39   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                      | Airbus SE                                      | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |     91525 | NS      | $10876955.38  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                           | Tencent Holdings Ltd                           | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    160900 | NS      | $6885009.83   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                               | Schlumberger Ltd                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     52755 | NS      | $2820282.30   | 0.51%             |  |  |  | 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