0001193125-13-448218.txt : 20131120 0001193125-13-448218.hdr.sgml : 20131120 20131120134742 ACCESSION NUMBER: 0001193125-13-448218 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20131120 DATE AS OF CHANGE: 20131120 EFFECTIVENESS DATE: 20131120 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-45961 FILM NUMBER: 131232473 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 0000883622 S000006283 Ivy Asset Strategy Fund C000017255 Class A WASAX C000017256 Class B WASBX C000017257 Class C WASCX C000017258 Class Y WASYX C000043898 Class E IASEX C000045541 Class I IVAEX C000066833 Class R IASRX 0000883622 S000006284 Ivy Municipal Bond Fund C000017259 Class A WMBAX C000017260 Class B WMBBX C000017261 Class C WMBCX C000017262 Class Y WMBYX C000081154 Class I IMBIX 0000883622 S000006285 Ivy Science and Technology Fund C000017263 Class R WSTRX C000017264 Class A WSTAX C000017265 Class B WSTBX C000017266 Class C WSTCX C000017267 Class Y WSTYX C000043899 Class E ISTEX C000045542 Class I ISTIX 0000883622 S000006286 Ivy Small Cap Growth Fund C000017268 Class R WSGRX C000017269 Class A WSGAX C000017270 Class B WSGBX C000017271 Class C WRGCX C000017272 Class Y WSCYX C000043900 Class E ISGEX C000045543 Class I IYSIX 0000883622 S000006288 Ivy Core Equity Fund C000017277 Class A WCEAX C000017278 Class B WCEBX C000017279 Class C WTRCX C000017280 Class Y WCEYX C000043902 Class E ICFEX C000045545 Class I ICIEX C000122149 Class R IYCEX 0000883622 S000006289 Ivy High Income Fund C000017281 Class A WHIAX C000017282 Class B WHIBX C000017283 Class C WRHIX C000017284 Class Y WHIYX C000043903 Class E IVHEX C000045546 Class I IVHIX C000122150 Class R IYHIX 0000883622 S000006291 Ivy Large Cap Growth Fund C000017289 Class R WLGRX C000017290 Class A WLGAX C000017291 Class B WLGBX C000017292 Class C WLGCX C000017293 Class Y WLGYX C000043904 Class E ILCEX C000045547 Class I IYGIX 0000883622 S000006292 Ivy Limited-Term Bond Fund C000017294 Class A WLTAX C000017295 Class B WLTBX C000017296 Class C WLBCX C000017297 Class Y WLTYX C000043905 Class E IVLEX C000045548 Class I ILTIX C000122151 Class R IYLTX 0000883622 S000006293 Ivy Mid Cap Growth Fund C000017298 Class R WMGRX C000017299 Class A WMGAX C000017300 Class B WMGBX C000017301 Class C WMGCX C000017302 Class Y WMGYX C000043906 Class E IMCEX C000045549 Class I IYMIX 0000883622 S000006294 Ivy Money Market Fund C000017303 Class A WRAXX C000017304 Class B WRBXX C000017305 Class C WRCXX C000043907 Class E IVEXX 0000883622 S000011242 Ivy Energy Fund C000030961 Class A IEYAX C000030962 Class B IEYBX C000030963 Class C IEYCX C000030964 Class Y IEYYX C000045550 Class I IVEIX C000122152 Class R IYEFX 0000883622 S000024823 Ivy Balanced Fund C000073854 Class A IBNAX C000073855 Class B IBNBX C000073856 Class C IBNCX C000073858 Class I IYBIX C000073859 Class Y IBNYX C000122153 Class R IYBFX 0000883622 S000024824 Ivy International Growth Fund C000073860 Class A IVINX C000073861 Class Y IVIYX C000073862 Class B IVIBX C000073863 Class C IVNCX C000073865 Class I IGIIX C000122154 Class R IYIGX 0000883622 S000024825 Ivy Managed European/Pacific Fund C000073866 Class Y IVMYX C000073867 Class A IVMAX C000073868 Class B IVMBX C000073869 Class C IVMCX C000073871 Class I IVMIX C000122155 Class R IYEPX 0000883622 S000024826 Ivy Managed International Opportunities Fund C000073872 Class Y IVTYX C000073873 Class A IVTAX C000073874 Class B IVTBX C000073875 Class C IVTCX C000073877 Class I IVTIX C000122156 Class R IYMGX 0000883622 S000024827 Ivy Micro Cap Growth Fund C000073878 Class Y IGWYX C000073879 Class A IGWAX C000073880 Class B IGWBX C000073881 Class C IGWCX C000073882 Class I IGWIX C000122157 Class R IYMRX 0000883622 S000024829 Ivy Pacific Opportunities Fund C000073889 Class Y IPOYX C000073890 Class A IPOAX C000073891 Class B IPOBX C000073892 Class C IPOCX C000073894 Class I IPOIX C000122158 Class R IYPCX 0000883622 S000024830 Ivy Real Estate Securities Fund C000073895 Class Y IRSYX C000073896 Class A IRSAX C000073897 Class B IRSBX C000073898 Class C IRSCX C000073899 Class E IREEX C000073900 Class I IREIX C000073901 Class R IRSRX 0000883622 S000024831 Ivy Small Cap Value Fund C000073902 Class Y IYSYX C000073903 Class A IYSAX C000073904 Class B IYSBX C000073905 Class C IYSCX C000073907 Class I IVVIX C000122159 Class R IYSMX 0000883622 S000024832 Ivy Value Fund C000073908 Class A IYVAX C000073909 Class B IYVBX C000073910 Class C IYVCX C000073912 Class I IYAIX C000073913 Class Y IYVYX C000122160 Class R IYVLX 0000883622 S000024833 Ivy Bond Fund C000073914 Class A IBOAX C000073915 Class B IBOBX C000073916 Class C IBOCX C000073917 Class E IVBEX C000073918 Class I IVBIX C000073919 Class Y IBOYX C000122161 Class R IYBDX 0000883622 S000024834 Ivy Cundill Global Value Fund C000073920 Class B ICDBX C000073921 Class A ICDAX C000073922 Class C ICDCX C000073923 Class E ICVEX C000073924 Class I ICVIX C000073925 Class Y ICDYX C000122162 Class R IYCUX 0000883622 S000024835 Ivy Dividend Opportunities Fund C000073926 Class B IVDBX C000073927 Class C IVDCX C000073928 Class E IDIEX C000073929 Class I IVDIX C000073930 Class Y IVDYX C000073931 Class A IVDAX C000122163 Class R IYDVX 0000883622 S000024836 Ivy European Opportunities Fund C000073932 Class B IEOBX C000073933 Class C IEOCX C000073935 Class I IEOIX C000073936 Class Y IEOYX C000073937 Class A IEOAX C000122164 Class R IYEUX 0000883622 S000024837 Ivy Global Bond Fund C000073938 Class B IVSBX C000073939 Class C IVSCX C000073940 Class I IVSIX C000073941 Class Y IVSYX C000073942 Class A IVSAX C000122165 Class R IYGOX 0000883622 S000024838 Ivy Global Natural Resources Fund C000073943 Class B IGNBX C000073944 Class C IGNCX C000073945 Class E IGNEX C000073946 Class I IGNIX C000073947 Class R IGNRX C000073948 Class Y IGNYX C000073949 Class A IGNAX 0000883622 S000024839 Ivy Global Income Allocation Fund C000073950 Class B IVBBX C000073951 Class C IVBCX C000073952 Class E IIBEX C000073953 Class I IIBIX C000073954 Class Y IVBYX C000073955 Class A IVBAX C000119095 Class R IYGBX 0000883622 S000024840 Ivy International Core Equity Fund C000073956 Class Y IVVYX C000073957 Class B IIFBX C000073958 Class C IVIFX C000073959 Class E IICEX C000073960 Class I ICEIX C000073961 Class A IVIAX C000122166 Class R IYITX 0000883622 S000025600 Ivy Municipal High Income Fund C000076687 Class A IYIAX C000076688 Class B IYIBX C000076689 Class C IYICX C000076690 Class I WYMHX C000076691 Class Y IYIYX 0000883622 S000025601 Ivy Tax-Managed Equity Fund C000076692 Class Y IYEYX C000076693 Class A IYEAX C000076694 Class B IYEBX C000076695 Class C IYECX C000076696 Class I WYTMX 0000883622 S000028675 Ivy Asset Strategy New Opportunities Fund C000087758 Class A INOAX C000087759 Class B INOBX C000087760 Class C INOCX C000087761 Class I INOIX C000087762 Class Y INOYX C000087764 Class R INORX 0000883622 S000037255 Ivy Global Equity Income Fund C000114758 Class A IBIAX C000114759 Class B IBIBX C000114760 Class C IBICX C000114761 Class I IBIIX C000114762 Class Y IBIYX C000119096 Class R IYGEX 0000883622 S000040037 Ivy Global Real Estate Fund C000124273 Class A IREAX C000124274 Class B IREBX C000124275 Class C IRECX C000124276 Class I IRESX C000124277 Class R IRERX C000124278 Class Y IREYX 0000883622 S000040038 Ivy Global Risk-Managed Real Estate Fund C000124279 Class I IVIRX C000124280 Class R IVRRX C000124281 Class Y IVRYX C000124282 Class A IVRAX C000124283 Class B IVRBX C000124284 Class C IVRCX 497 1 d619525d497.htm IVY FUNDS Ivy Funds

IVY FUNDS

6300 LAMAR AVENUE

P. O. BOX 29217

SHAWNEE MISSION, KANSAS 66201-9217

November 20, 2013

Securities and Exchange Commission

100 F Street NE

Washington DC 20549

 

Re: Ivy Funds (Registrant)
        File Nos. 33-45961 and 811-6569/CIK No. 883622

On behalf of the Registrant, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information contained in the Registrant’s Prospectus dated July 31, 2013, and as supplemented November 6, 2013, and filed pursuant to Rule 497(e) under the Securities Act of 1933, as amended. The purpose of this filing is to submit the data in XBRL format for the Registrant.

If you have any questions or comments concerning the foregoing, please contact me at 913-236-2227.

Very truly yours,

 

/s/Philip A. Shipp

Philip A. Shipp  
Assistant Secretary  
EX-101.INS 2 ivyf-20131106.xml XBRL INSTANCE DOCUMENT 0000883622 2012-08-01 2013-07-31 0000883622 ivyf:S000006283Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006284Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006285Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006286Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006288Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006289Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006291Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006292Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006293Member 2012-08-01 2013-07-31 0000883622 ivyf:S000006294Member 2012-08-01 2013-07-31 0000883622 ivyf:S000011242Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024823Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024824Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024825Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024826Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024827Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024829Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024830Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024831Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024832Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024833Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024834Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024835Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024836Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024837Domain 2012-08-01 2013-07-31 0000883622 ivyf:S000024838Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024839Member 2012-08-01 2013-07-31 0000883622 ivyf:S000024840Member 2012-08-01 2013-07-31 0000883622 ivyf:S000025600Member 2012-08-01 2013-07-31 0000883622 ivyf:S000025601Member 2012-08-01 2013-07-31 0000883622 ivyf:S000028675Member 2012-08-01 2013-07-31 0000883622 ivyf:S000037255Member 2012-08-01 2013-07-31 0000883622 ivyf:S000040037Member 2012-08-01 2013-07-31 0000883622 ivyf:S000040038Member 2012-08-01 2013-07-31 2013-07-31 Other 2013-03-31 IVY FUNDS 0000883622 false 2013-11-06 2013-11-06 <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> <p style="margin-top:0px;margin-bottom:0px">Ivy Funds </p> <p style="margin-top:12px;margin-bottom:0px"><b>Supplement dated November&nbsp;6, 2013 to the </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>Ivy Funds Prospectus dated July&nbsp;31, 2013 </b></p> <p style="margin-top:0px;margin-bottom:0px"><b>and as supplemented October&nbsp;2, 2013 </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>Changes to Maximum Account Fee </b></p> <p style="margin-top:6px;margin-bottom:0px">With limited exceptions, for Class&nbsp;A and Class C shares, if your Fund account balance is below $750 at the close of business on September&nbsp;26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20.&nbsp;With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December&nbsp;10, 2013, and on the second Tuesday of December each year thereafter. The Funds&#146; Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds&#146; other share classes. </p> EX-101.SCH 3 ivyf-20131106.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000010 - Document - Risk/Return Supplement {Unlabeled} - IVY FUNDS link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - Ivy Asset Strategy Fund link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees {- Ivy Asset Strategy Fund} link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {- Ivy Asset Strategy Fund} link:calculationLink link:presentationLink link:definitionLink 000014 - 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Risk/Return: rr_RiskReturnAbstract  
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Prospectus Date rr_ProspectusDate Jul. 31, 2013
Document Creation Date dei_DocumentCreationDate Nov. 06, 2013
XML 10 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName IVY FUNDS
Prospectus Date rr_ProspectusDate Jul. 31, 2013
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Core Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Dividend Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Large Cap Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Micro Cap Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Mid Cap Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Small Cap Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Small Cap Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Tax-Managed Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Global Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy High Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Limited-Term Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Municipal Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Municipal High Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Cundill Global Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy European Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Global Equity Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Global Income Allocation Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy International Core Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy International Growth Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Managed European/Pacific Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Managed International Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Pacific Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Asset Strategy Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Asset Strategy New Opportunities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Balanced Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Energy Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Global Natural Resources Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Global Real Estate Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Global Risk-Managed Real Estate Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Real Estate Securities Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Science and Technology Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

Ivy Money Market Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ivyf_SupplementTextBlock

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8

Ivy Funds

Supplement dated November 6, 2013 to the

Ivy Funds Prospectus dated July 31, 2013

and as supplemented October 2, 2013

Changes to Maximum Account Fee

With limited exceptions, for Class A and Class C shares, if your Fund account balance is below $750 at the close of business on September 26, 2014, and on the Friday prior to the last week of September each year thereafter, the account will be assessed an account fee of $20. With limited exceptions, for Class E shares, the current $20 account fee for Ivy InvestEd Plan accounts with a balance of less than $25,000 will be assessed at the close of business on December 10, 2013, and on the second Tuesday of December each year thereafter. The Funds’ Class B shares will not be subject to the $20 fee assessed to Fund accounts with less than $750, nor to the $750 minimum investment requirement that goes into effect on January 1, 2014 for certain of the Funds’ other share classes.

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Risk/Return: rr_RiskReturnAbstract  
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Document Period End Date dei_DocumentPeriodEndDate Mar. 31, 2013
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Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Nov. 06, 2013
Document Effective Date dei_DocumentEffectiveDate Nov. 06, 2013
Prospectus Date rr_ProspectusDate Jul. 31, 2013