# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0001752724-23-043131
**Filing Date:** 2023-2
**Character Count:** 27002
**Document Hash:** 6570af74e4175920ce321697509bfe1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043131.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043131

**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:** 23674084

**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 Climate Solutions Fund (Series ID: S000011242)

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

## Nport-Ex

## Schedule of investments
Delaware Climate Solutions Fund

December 31, 2022 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.41%♦** | &nbsp;&nbsp;**Common Stocks — 99.41%♦** | &nbsp;&nbsp;**Common Stocks — 99.41%♦** |
| &nbsp;&nbsp;Consumer Staples — 6.56% | &nbsp;&nbsp;Consumer Staples — 6.56% | &nbsp;&nbsp;Consumer Staples — 6.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archer-Daniels-Midland | &nbsp;&nbsp;&nbsp;&nbsp;98907 | $9183515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Darling Ingredients † | &nbsp;&nbsp;&nbsp;&nbsp;132753 | &nbsp;&nbsp; 8309010 |
|  |  | &nbsp;&nbsp; 17492525 |
| &nbsp;&nbsp;Credit Cyclicals — 3.19% | &nbsp;&nbsp;Credit Cyclicals — 3.19% | &nbsp;&nbsp;Credit Cyclicals — 3.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BorgWarner | &nbsp;&nbsp;&nbsp;&nbsp;211709 | &nbsp;&nbsp; 8521287 |
|  |  | &nbsp;&nbsp; 8521287 |
| &nbsp;&nbsp;Energy — 18.39% | &nbsp;&nbsp;Energy — 18.39% | &nbsp;&nbsp;Energy — 18.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denbury † | &nbsp;&nbsp;&nbsp;&nbsp;111539 | &nbsp;&nbsp; 9706124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enviva | &nbsp;&nbsp;&nbsp;&nbsp;59375 | &nbsp;&nbsp; 3145094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor | &nbsp;&nbsp;&nbsp;&nbsp;223121 | &nbsp;&nbsp; 8012205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum | &nbsp;&nbsp;&nbsp;&nbsp;129751 | &nbsp;&nbsp; 8173015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schlumberger | &nbsp;&nbsp;&nbsp;&nbsp;198601 | &nbsp;&nbsp; 10617209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy | &nbsp;&nbsp;&nbsp;&nbsp;74217 | &nbsp;&nbsp; 9415169 |
|  |  | &nbsp;&nbsp; 49068816 |
| &nbsp;&nbsp;Financials — 2.83% | &nbsp;&nbsp;Financials — 2.83% | &nbsp;&nbsp;Financials — 2.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NuScale Power † | &nbsp;&nbsp;&nbsp;&nbsp;343562 | &nbsp;&nbsp; 3524946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rice Acquisition Class A =, † | &nbsp;&nbsp;&nbsp;&nbsp;395722 | &nbsp;&nbsp; 4024493 |
|  |  | &nbsp;&nbsp; 7549439 |
| &nbsp;&nbsp;Industrials — 17.05% | &nbsp;&nbsp;Industrials — 17.05% | &nbsp;&nbsp;Industrials — 17.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AP Moller - Maersk Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1982 | &nbsp;&nbsp; 4456561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcosa | &nbsp;&nbsp;&nbsp;&nbsp;157999 | &nbsp;&nbsp; 8585666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cummins | &nbsp;&nbsp;&nbsp;&nbsp;36952 | &nbsp;&nbsp; 8953100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingspan Group | &nbsp;&nbsp;&nbsp;&nbsp;120624 | &nbsp;&nbsp; 6530989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Li-Cycle Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;540099 | &nbsp;&nbsp; 2570871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric | &nbsp;&nbsp;&nbsp;&nbsp;59029 | &nbsp;&nbsp; 8259882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunrun † | &nbsp;&nbsp;&nbsp;&nbsp;254944 | &nbsp;&nbsp; 6123755 |
|  |  | &nbsp;&nbsp; 45480824 |
| &nbsp;&nbsp;Materials — 11.99% | &nbsp;&nbsp;Materials — 11.99% | &nbsp;&nbsp;Materials — 11.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alcoa | &nbsp;&nbsp;&nbsp;&nbsp;205408 | &nbsp;&nbsp; 9339902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anglo American | &nbsp;&nbsp;&nbsp;&nbsp;260789 | &nbsp;&nbsp; 10204065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holcim | &nbsp;&nbsp;&nbsp;&nbsp;86901 | &nbsp;&nbsp; 4499886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutrien | &nbsp;&nbsp;&nbsp;&nbsp;108596 | &nbsp;&nbsp; 7930766 |
|  |  | &nbsp;&nbsp; 31974619 |
| &nbsp;&nbsp;Real Estate — 2.60% | &nbsp;&nbsp;Real Estate — 2.60% | &nbsp;&nbsp;Real Estate — 2.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weyerhaeuser | &nbsp;&nbsp;&nbsp;&nbsp;223467 | &nbsp;&nbsp; 6927477 |
|  |  | &nbsp;&nbsp; 6927477 |
| &nbsp;&nbsp;Utilities — 36.80% | &nbsp;&nbsp;Utilities — 36.80% | &nbsp;&nbsp;Utilities — 36.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AES | &nbsp;&nbsp;&nbsp;&nbsp;352707 | &nbsp;&nbsp; 10143853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameren | &nbsp;&nbsp;&nbsp;&nbsp;90011 | &nbsp;&nbsp; 8003778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Electric Power | &nbsp;&nbsp;&nbsp;&nbsp;81163 | &nbsp;&nbsp; 7706427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Energy | &nbsp;&nbsp;&nbsp;&nbsp;118238 | &nbsp;&nbsp; 7488013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iberdrola | &nbsp;&nbsp;&nbsp;&nbsp;757318 | &nbsp;&nbsp; 8860635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy | &nbsp;&nbsp;&nbsp;&nbsp;92207 | &nbsp;&nbsp; 7708505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northland Power | &nbsp;&nbsp;&nbsp;&nbsp;245798 | &nbsp;&nbsp; 6740384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orsted 144A # | &nbsp;&nbsp;&nbsp;&nbsp;69836 | &nbsp;&nbsp; 6346442 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | **Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♦ (continued)** | &nbsp;&nbsp;**Common Stocks♦ (continued)** | &nbsp;&nbsp;**Common Stocks♦ (continued)** |
| &nbsp;&nbsp;Utilities (continued) | &nbsp;&nbsp;Utilities (continued) | &nbsp;&nbsp;Utilities (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ReNew Energy Global Class A † | &nbsp;&nbsp;&nbsp;&nbsp;591274 | $3252007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RWE | &nbsp;&nbsp;&nbsp;&nbsp;196835 | &nbsp;&nbsp; 8763097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SSE | &nbsp;&nbsp;&nbsp;&nbsp;375797 | &nbsp;&nbsp; 7777955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terna - Rete Elettrica Nazionale | 1051107 | &nbsp;&nbsp; 7763587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy | &nbsp;&nbsp;&nbsp;&nbsp;108801 | &nbsp;&nbsp; 7628038 |
|  |  | &nbsp;&nbsp; 98182721 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $254,900,288)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $254,900,288)** | &nbsp;&nbsp;**265197708** |
| &nbsp;&nbsp;**Short-Term Investments — 0.51%** | &nbsp;&nbsp;**Short-Term Investments — 0.51%** | &nbsp;&nbsp;**Short-Term Investments — 0.51%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.51% | &nbsp;&nbsp;Money Market Mutual Funds — 0.51% | &nbsp;&nbsp;Money Market Mutual Funds — 0.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | &nbsp;&nbsp;&nbsp;&nbsp;337538 | &nbsp;&nbsp; 337538 |
| &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;337538 | &nbsp;&nbsp; 337538 |
| &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;337538 | &nbsp;&nbsp; 337538 |
| &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;337539 | &nbsp;&nbsp; 337539 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $1,350,153)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $1,350,153)** | &nbsp;&nbsp; **1350153** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.92%<br> (cost $256,250,441)** |  | &nbsp;&nbsp;**266547861** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities—0.08%** |  | &nbsp;&nbsp; **219885** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 26,515,956 Shares Outstanding—100.00%** |  | **$266767746** |

---

---

| | |
|:---|:---|
| ♦ | Narrow industries are utilized for compliance purposes for concentration whereas broad sectors are used for financial reporting. |
| <sup>†</sup> | Non-income producing security. |
| <sup>=</sup> | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| <sup>#</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At December 31, 2022, the aggregate value of Rule 144A securities was $6,346,442, which represents 2.38% of the Fund's net assets. |

---

NQ-IV061 [12/22] 2/23 (2745503) 1

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

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

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

- **a. Name of Series:** Delaware Climate Solutions Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $275448768.23

**Total Liabilities:** $9115435.49

**Net Assets:** $266333332.74

**Cash Not Reported:** $23965.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146685 | 9.99%                | 7.44%                | -4.30%               |
| Class ID C000045550 | 10.16%               | 7.38%                | -4.32%               |
| Class ID C000030964 | 10.02%               | 7.41%                | -4.34%               |
| Class ID C000030963 | 10.05%               | 7.24%                | -4.40%               |
| Class ID C000122152 | 9.99%                | 7.33%                | -4.35%               |
| Class ID C000030961 | 9.96%                | 7.43%                | -4.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $92575.00                | $23987810.02                               |
| Month 2  | $811113.58               | $18237872.45                               |
| Month 3  | $1427821.86              | $-13595935.97                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Darling Ingredients Inc                        | Darling Ingredients Inc                        | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    132753 | NS      | $8309010.27   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                 | BorgWarner Inc                                 | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    211709 | NS      | $8521287.25   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                | Weyerhaeuser Co                                | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    223467 | NS      | $6927477.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                    | Ameren Corp                                    | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     90011 | NS      | $8003778.12   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Naziona                 | Terna - Rete Elettrica Nazionale               | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |   1051107 | NS      | $7763586.67   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    337538 | NS      | $337538.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                    | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    337538 | NS      | $337538.23    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                                      | Orsted AS                                      | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |     69836 | NS      | $6346442.51   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                     | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    337538 | NS      | $337538.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                         | AP Moller - Maersk A/S                         | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |      1982 | NS      | $4456561.29   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                   | AES Corp/The                                   | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    352707 | NS      | $10143853.32  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Rice Acquisition Corp II                       | Rice Acquisition Corp II                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    395722 | NS      | $4024492.74   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                             | Valero Energy Corp                             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     74217 | NS      | $9415168.62   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                             | Anglo American PLC                             | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    260789 | NS      | $10204065.08  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                             | Kingspan Group PLC                             | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |    120624 | NS      | $6530988.78   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                     | Sunrun Inc                                     | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    254944 | NS      | $6123754.88   | 2.30%             |  |  |  | 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        |   8574248 | NS      | $8574247.65   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                         | RWE AG                                         | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |    196835 | NS      | $8763097.25   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                | Xcel Energy Inc                                | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    108801 | NS      | $7628038.11   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                     | Alcoa Corp                                     | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    205408 | NS      | $9339901.76   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                      | Occidental Petroleum Corp                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    129751 | NS      | $8173015.49   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                     | Arcosa Inc                                     | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |    157999 | NS      | $8585665.66   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                 | American Electric Power Co Inc                 | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     81163 | NS      | $7706426.85   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                      | Archer-Daniels-Midland Co                      | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     98907 | NS      | $9183514.95   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                               | Schlumberger Ltd                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |    198601 | NS      | $10617209.46  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    118238 | NS      | $7488012.54   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                      | Holcim AG                                      | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     86901 | NS      | $4499886.31   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Northland Power Inc                            | Northland Power Inc                            | CUSIP: 666511100<br>LEI: 549300IT8CIDW8V5KX72 | Long             | EC               | CORP              | CA        |    245798 | NS      | $6740383.86   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp                             | NuScale Power Corp                             | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    343562 | NS      | $3524946.12   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| SSE PLC                                        | SSE PLC                                        | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    375797 | NS      | $7777954.69   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviva Inc                                     | Enviva Inc                                     | CUSIP: 29415B103<br>LEI: 549300WH5VXDEFM5KR81 | Long             | EC               | CORP              | US        |     59375 | NS      | $3145093.75   | 1.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Denbury Inc                                    | Denbury Inc                                    | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               | CORP              | US        |    111539 | NS      | $9706123.78   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ReNew Energy Global PLC                        | ReNew Energy Global PLC                        | CUSIP: 000000000<br>LEI: 254900SL77LA2KAG7R65 | Long             | EC               | CORP              | IN        |    591274 | NS      | $3252007.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinor ASA                                    | Equinor ASA                                    | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    223121 | NS      | $8012204.78   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Li-Cycle Holdings Corp                         | Li-Cycle Holdings Corp                         | CUSIP: 50202P105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    540099 | NS      | $2570871.24   | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Schneider Electric SE                          | Schneider Electric SE                          | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     59029 | NS      | $8259882.16   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                    | Cummins Inc                                    | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     36952 | NS      | $8953100.08   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                             | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92207 | NS      | $7708505.20   | 2.89%             |  |  |  | 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        |    337538 | NS      | $337538.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                   | Iberdrola SA                                   | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    757318 | NS      | $8860634.61   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                    | Nutrien Ltd                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    108596 | NS      | $7930765.88   | 2.98%             |  |  |  | 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