# EDGAR Filing Document

**Accession Number:** 0000883622
**File Stem:** 0000940400-26-022054
**Filing Date:** 2026-5
**Character Count:** 25840
**Document Hash:** 3d3ac5f4b932469d16975a69f9346a20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022054.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-022054

**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:** 261036749

**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 International Core Equity Fund (Series ID: S000024840)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000073956 | Class Y             | IVVYX           |
| C000073958 | Class C             | IVIFX           |
| C000073960 | Institutional Class | ICEIX           |
| C000073961 | Class A             | IVIAX           |
| C000122166 | Class R             | IYITX           |
| C000146700 | Class R6            | IINCX           |

## 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 International Core Equity Fund

- **b. EDGAR series identifier (if any):** S000024840

- **c. LEI of Series:** 08BZIW7S4NU6VLSVN005

**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:** $1212895638.68

**Total Liabilities:** $3329204.93

**Net Assets:** $1209566433.75

**Cash Not Reported:** $13314581.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146700 | 3.78%                | 0.67%                | -10.49%              |
| Class ID C000073960 | 3.77%                | 0.68%                | -10.53%              |
| Class ID C000122166 | 3.72%                | 0.64%                | -10.56%              |
| Class ID C000073958 | 3.68%                | 0.60%                | -10.59%              |
| Class ID C000073961 | 3.73%                | 0.68%                | -10.53%              |
| Class ID C000073956 | 3.74%                | 0.68%                | -10.56%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18845715.88             | $30693105.05                               |
| Month 2  | $17069648.01             | $-8599065.98                               |
| Month 3  | $23860980.20             | $-170868206.96                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco Bilbao Vizcaya Argentaria SA                             | Banco Bilbao Vizcaya Argentaria SA EUR0.49                             | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |   1420396 | NS      | $30679941.28  | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                                         | BP PLC SPONSORED ADR                                                   | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    528583 | NS      | $24843401.00  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                 | ING Groep N.V. EUR0.01                                                 | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |   1479192 | NS      | $38394914.47  | 3.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMEX S.A.B. de C.V.                                           | CEMEX S.A.B. de C.V. SPON ADR NEW                                      | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |   1706789 | NS      | $19525666.16  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                                       | Adyen NV EUR0.01                                                       | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     25329 | NS      | $25350540.12  | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                                      | Airbus SE EUR1                                                         | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |    108132 | NS      | $20444838.24  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                                   | 3i Group PLC ORD GBP0.738636                                           | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    237694 | NS      | $7746686.76   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL NV                                              | CNH Industrial N.V. COM EUR0.01                                        | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |   2167464 | NS      | $23842104.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                                    | James Hardie Industries PLC COM EUR0.59                                | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |    841523 | NS      | $15938445.62  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                          | Spotify Technology S.A. COM EUR0.000625                                | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     58668 | NS      | $28448699.88  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                              | ASML Holding N.V. EUR0.09                                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     28395 | NS      | $37758440.06  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AMER SPORTS INC                                                | Amer Sports Inc. COM SHS                                               | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |    631721 | NS      | $20796255.32  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc                                          | TFI International Inc COM NPV                                          | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |    165449 | NS      | $18008976.77  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                              | Compass Group PLC ORD GBP0.1105                                        | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    962939 | NS      | $26866891.82  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAB HOLDINGS LTD                                              | Grab Holdings Ltd. CLASS A ORD                                         | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |   4961687 | NS      | $18159774.42  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                            | Mitsubishi UFJ Financial Group Inc. NPV                                | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |   1824000 | NS      | $30887497.28  | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA TOURISM GROUP DUTY FREE CORP LTD                         | China Tourism Group Duty Free Corp Ltd. CNY1 H                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1962138 | NS      | $16408498.64  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc.                                                  | SK Hynix Inc. KRW5000                                                  | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     50162 | NS      | $28460169.47  | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Embraer S.A.                                                   | Embraer S.A. SPONSORED ADS                                             | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    377229 | NS      | $22384768.86  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                                | BAE Systems PLC ORD GBP0.025                                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    709637 | NS      | $20805496.90  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| BioNTech SE                                                    | BioNTech SE SPONSORED ADS                                              | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |    137896 | NS      | $12256196.48  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                                           | Henkel AG & Co. KGaA NON-VTG PRF NPV                                   | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |    307915 | NS      | $23786179.73  | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP COM NPV | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |    739762 | NS      | $22654794.81  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                                      | Flutter Entertainment PLC ORD EUR0.09 (DI)                             | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |    114452 | NS      | $11668381.40  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.                                   | Descartes Systems Group Inc. COM NPV                                   | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |    194917 | NS      | $13961275.16  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                                      | BlackRock Liquidity Funds FEDFUND INSTL                                | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1912368 | NS      | $1912367.95   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kion Group AG                                                  | Kion Group AG NPV                                                      | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |    166112 | NS      | $8875710.47   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                                                 | Axis Bank Ltd. INR2                                                    | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |   1912693 | NS      | $23689128.65  | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                             | Bharti Airtel Ltd. INR5                                                | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |   1237027 | NS      | $23507710.33  | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                              | Siemens Energy AG NPV                                                  | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     94026 | NS      | $16214743.57  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                           | Booking Holdings Inc COM                                               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      4002 | NS      | $16849700.64  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                                    | Samsung Electronics Co Ltd. KRW100                                     | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    289008 | NS      | $33802777.83  | 2.79%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                                        | Sea Ltd. SPONSORD ADS                                                  | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    167626 | NS      | $13881109.06  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                                            | Goldman Sachs Financial Square Government Fund                         | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   1912368 | NS      | $1912368.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                                               | Nintendo Co Ltd. NPV                                                   | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    229700 | NS      | $13112571.99  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                                                 | Prudential PLC GBP0.05                                                 | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |   2095894 | NS      | $29139456.52  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                                            | Ascendis Pharma A/S SPONSORED ADR                                      | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     96163 | NS      | $21995362.99  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurofins Scientific SE                                         | Eurofins Scientific SE EUR0.01                                         | CUSIP: 000000000<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |    349521 | NS      | $25504205.14  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Celestica Inc.                                                 | Celestica Inc. COM                                                     | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     47019 | NS      | $13244311.92  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                               | Mercadolibre Inc COM                                                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     11664 | NS      | $20167289.28  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                             | Banco do Brasil SA COM NPV                                             | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |   4572735 | NS      | $20357205.15  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                                                   | Experian PLC ORD USD0.10                                               | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    536630 | NS      | $18564444.61  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| SLB LTD                                                        | SLB Ltd. COM STK                                                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    783922 | NS      | $40285751.58  | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp.                                                      | SMC Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     97700 | NS      | $38425244.99  | 3.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                   | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10                     | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1683000 | NS      | $97335505.35  | 8.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp.                                                  | Olympus Corp. NPV                                                      | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    560300 | NS      | $5338162.70   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                                      | Argenx SE SPONSORED ADR                                                | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     35676 | NS      | $26052399.00  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                  | Alimentation Couche-Tard Inc. COM                                      | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |    400390 | NS      | $22694810.94  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd.                                         | Daikin Industries Ltd. NPV                                             | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |    213500 | NS      | $25608674.01  | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust                               | Fidelity Colchester Street Trust MNY MRKT FDS I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   1912368 | NS      | $1912368.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd.                                     | Zijin Mining Group Co Ltd. 'H'CNY0.1                                   | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |   3606000 | NS      | $16221586.77  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                                   | Barclays PLC ORD GBP0.25                                               | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |   3232305 | NS      | $16916216.36  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Henderson Land Development Co Ltd.                             | Henderson Land Development Co Ltd. NPV                                 | CUSIP: 000000000<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |   5607000 | NS      | $20831156.26  | 1.72%             |  |  |  | No            |                  2 | 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        |   1912368 | NS      | $1912368.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                      | Alibaba Group Holding Ltd. USD0.000003125                              | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    655900 | NS      | $10280897.57  | 0.85%             |  |  |  | No            |                  2 | 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