# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-022023
**Filing Date:** 2026-5
**Character Count:** 16809
**Document Hash:** 51aeeef79846ffe4be153b310eb6c2fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022023.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-022023

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261036688

**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 Real Estate Securities Fund (Series ID: S000024830)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000073895 | Class Y             | IRSYX           |
| C000073896 | Class A             | IRSAX           |
| C000073898 | Class C             | IRSCX           |
| C000073900 | Institutional Class | IREIX           |
| C000073901 | Class R             | IRSRX           |
| C000146690 | Class R6            | IRSEX           |

## 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 Real Estate Securities Fund

- **b. EDGAR series identifier (if any):** S000024830

- **c. LEI of Series:** TLZV3CL2IEHXP4P6V227

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $83909474.90

**Total Liabilities:** $266349.08

**Net Assets:** $83643125.82

**Cash Not Reported:** $2121.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146690 | 1.74%                | 8.56%                | -6.11%               |
| Class ID C000073901 | 1.74%                | 8.53%                | -6.17%               |
| Class ID C000073896 | 1.80%                | 8.44%                | -6.12%               |
| Class ID C000073895 | 1.77%                | 8.52%                | -6.16%               |
| Class ID C000073898 | 1.70%                | 8.46%                | -6.27%               |
| Class ID C000073900 | 1.75%                | 8.50%                | -6.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $890666.95               | $562581.47                                 |
| Month 2  | $277186.81               | $6616579.55                                |
| Month 3  | $1106070.37              | $-6604037.19                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wyndham Hotels & Resorts Inc                 | Wyndham Hotels & Resorts Inc COM                            | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     13232 | NS      | $1074835.36   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.               | Rexford Industrial Realty Inc. COM                          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     63375 | NS      | $2074263.75   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                  | Ventas Inc. COM                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     47424 | NS      | $3878334.72   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UI Boustead REIT                             | UI Boustead REIT NPV                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    958700 | NS      | $600259.39    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| The Macerich Company                         | The Macerich Company COM                                    | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    115206 | NS      | $2177393.40   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    571371 | NS      | $571370.70    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc. COM                              | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      7973 | NS      | $1929466.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                | Goodman Group NPV (STAPLED UNITS)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     64727 | NS      | $1162076.38   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corporation                   | American Tower Corporation COM                              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      8759 | NS      | $1511628.22   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corporation                    | Kilroy Realty Corporation COM                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     52417 | NS      | $1478683.57   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corporation                     | Hyatt Hotels Corporation COM CL A                           | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      2361 | NS      | $339488.19    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                          | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |    571371 | NS      | $571370.63    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                               | Welltower Inc. COM                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     50620 | NS      | $10008080.20  | 11.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Funds GOVT PTF INSTL | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |    571371 | NS      | $571370.63    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                     | Simon Property Group Inc COM                                | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     20512 | NS      | $3826103.36   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc.                | American Healthcare REIT Inc. COM SHS                       | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     72010 | NS      | $3395991.60   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTDC Ltd.                                  | NEXTDC Ltd. NPV                                             | CUSIP: 000000000<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |    170807 | NS      | $1365598.05   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| NETSTREIT Corp.                              | NETSTREIT Corp. COM                                         | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    127372 | NS      | $2398414.76   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST INC            | First Industrial Realty Trust, Inc. COM                     | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58542 | NS      | $3386654.70   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage COM                                          | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     12695 | NS      | $3438821.60   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | Equinix, Inc. COM                                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     11067 | NS      | $10848316.08  | 12.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | Prologis Inc. COM                                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     29541 | NS      | $3904729.38   | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Inventrust Properties Corporation            | Inventrust Properties Corporation COM NEW                   | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     46325 | NS      | $1411059.50   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                         | LXP Industrial Trust COM                                    | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     19698 | NS      | $911229.48    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc. COM                             | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     17998 | NS      | $2939973.30   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                         | Invitation Homes Inc. COM                                   | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     93980 | NS      | $2335403.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                            | Agree Realty Corp COM                                       | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     37577 | NS      | $2832554.26   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                           | Iron Mountain Inc. COM                                      | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     36806 | NS      | $3759364.84   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                    | Realty Income Corporation COM                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     20208 | NS      | $1236325.44   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                      | Extra Space Storage Inc. COM                                | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      8345 | NS      | $1094279.85   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                    | Healthpeak Properties Inc COM                               | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     76847 | NS      | $1262596.21   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                          | Vici Properties Inc COM                                     | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    119137 | NS      | $3254822.84   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | Fidelity Colchester Street Trust MNY MRKT FDS I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    571371 | NS      | $571370.63    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties Inc COM                        | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     14142 | NS      | $1304882.34   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** IVY FUNDS

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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