EX-99.D.1.I 3 mim3873861-ex99d1i.htm EXHIBIT A (MAY 28, 2021)

EX-99.d.1.i

EXHIBIT A

THIS EXHIBIT to the Investment Management Agreement between IVY FUNDS and DELAWARE MANAGEMENT COMPANY, a series of Delaware Management Business Trust (the “Investment Manager”), entered into as of the 30 day of April, 2021 (the “Agreement”) and revised on May 28, 2021 lists the Funds for which the Investment Manager provides investment management services pursuant to this Agreement, along with the management fee rate schedule for each Fund and the date on which the Agreement became effective for each Fund.

Fund Name (Trust Name) Effective Date Management Fee Schedule (as a percentage of average daily
net assets)
Annual Rate
Ivy Accumulative Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
In excess of $3 billion 0.55% of net assets
Ivy Apollo Multi-Asset Income Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.61% of net assets
In excess of $3 billion 0.58% of net assets
Ivy Apollo Strategic Income Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.68% of net assets
Over $1 billion and up to $2 billion 0.62% of net assets
Over $2 billion and up to $3 billion 0.58% of net assets
In excess of $3 billion 0.57% of net assets
Ivy Asset Strategy Fund May 28, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
Over $3 billion and up to $28 billion 0.55% of net assets
Over $28 billion and up to $53 billion 0.545% of net assets
In excess of $53 billion 0.54% of net assets
Ivy Balanced Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
Over $3 billion and up to $5 billion 0.55% of net assets
Over $5 billion and up to $10 billion 0.54% of net assets
In excess of $10 billion 0.53% of net assets
Ivy California Municipal High Income Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.525% of net assets
Over $500 million and up to $1 billion 0.50% of net assets
Over $1 billion and up to $1.5 billion 0.45% of net assets
Over $1.5 billion and up to $5 billion 0.40% of net assets
Over $5 billion and up to $10 billion 0.395% of net assets
Over $10 billion and up to $15 billion 0.39% of net assets
In excess of $15 billion 0.385% of net assets
Ivy Cash Management Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.35% of net assets
In excess of $1 billion 0.30% of net assets


Fund Name (Trust Name) Effective Date Management Fee Schedule (as a percentage of average daily
net assets)
Annual Rate
Ivy Core Equity Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
Over $3 billion and up to $5 billion 0.55% of net assets
Over $5 billion and up to $6 billion 0.525% of net assets
Over $6 billion and up to $10 billion 0.50% of net assets
In excess of $10 billion 0.49% of net assets
Ivy Corporate Bond Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.475% of net assets
Over $1 billion and up to $1.5 billion 0.45% of net assets
In excess of $1.5 billion 0.40% of net assets
Ivy Crossover Credit Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.50% of net assets
Over $500 million and up to $1 billion 0.45% of net assets
Over $1 billion and up to $2.5 billion 0.425% of net assets
Over $2.5 billion and up to $5 billion 0.40% of net assets
In excess of $5 billion 0.375% of net assets
Ivy Emerging Markets Equity Fund April 30, 2021 Net Assets Fee
Up to $500 million 1.00% of net assets
Over $500 million and up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.755% of net assets
In excess of $10 billion 0.75% of net assets
Ivy Energy Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.75% of net assets
In excess of $10 billion 0.74% of net assets
Ivy Global Bond Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.625% of net assets
Over $500 million and up to $1 billion 0.60% of net assets
Over $1 billion and up to $1.5 billion 0.55% of net assets
Over $1.5 billion and up to $5 billion 0.50% of net assets
Over $5 billion and up to $10 billion 0.49% of net assets
In excess of $10 billion 0.48% of net assets
Ivy Global Equity Income Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
Over $3 billion and up to $5 billion 0.55% of net assets
Over $5 billion and up to $10 billion 0.545% of net assets
In excess of $10 billion 0.54% of net assets


Fund Name (Trust Name) Effective Date Management Fee Schedule (as a percentage of average daily
net assets)
Annual Rate
Ivy Global Growth Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.70% of net assets
Over $5 billion and up to $10 billion 0.695% of net assets
In excess of $10 billion 0.69% of net assets
Ivy Government Money Market
Fund		 April 30, 2021 Net Assets Fee
Up to $1 billion 0.35% of net assets
In excess of $1 billion 0.30% of net assets
Ivy Government Securities Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.50% of net assets
Over $500 million and up to $1 billion 0.45% of net assets
Over $1 billion and up to $1.5 billion 0.40% of net assets
In excess of $1.5 billion 0.35% of net assets
Ivy High Income Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.625% of net assets
Over $500 million and up to $1 billion 0.60% of net assets
Over $1 billion and up to $1.5 billion 0.55% of net assets
Over $1.5 billion and up to $10 billion 0.50% of net assets
Over $10 billion and up to $20 billion 0.49% of net assets
In excess of $20 billion 0.48% of net assets
Ivy International Small Cap Fund April 30, 2021 Net Assets Fee
Up to $1 billion 1.00% of net assets

Over $1 billion and up to $2 billion

0.95% of net assets

Over $2 billion and up to $5 billion 0.90% of net assets
In excess of $5 billion 0.85% of net assets
Ivy International Core Equity Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.70% of net assets
Over $5 billion and up to $10 billion 0.69% of net assets
In excess of $10 billion 0.68% of net assets
Ivy Large Cap Growth April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
Over $3 billion and up to $5 billion 0.55% of net assets
Over $5 billion and up to $10 billion 0.545% of net assets
In excess of $10 billion 0.54% of net assets
Ivy LaSalle Global Real Estate Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.95% of net assets
Over $1 billion and up to $2 billion 0.92% of net assets
Over $2 billion and up to $3 billion 0.87% of net assets
Over $3 billion and up to $5 billion 0.84% of net assets
Over $5 billion and up to $10 billion 0.82% of net assets
In excess of $10 billion 0.80% of net assets


Fund Name (Trust Name) Effective Date Management Fee Schedule (as a percentage of average daily
net assets)
Annual Rate
Ivy Limited-Term Bond Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.50% of net assets
Over $500 million and up to $1 billion 0.45% of net assets
Over $1 billion and up to $1.5 billion 0.40% of net assets
Over $1.5 billion and up to $5 billion 0.35% of net assets
Over $5 billion and up to $10 billion 0.34% of net assets
In excess of $10 billion 0.33% of net assets
Ivy Managed International Opportunities Fund April 30, 2021 A cash fee computed each day on the net assets of the Fund at the annual rate of 0.05% of net assets.
Ivy Mid Cap Growth Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.73% of net assets
Over $10 billion and up to $15 billion 0.70% of net assets
In excess of $15 billion 0.67% of net assets
Ivy Mid Cap Income Opportunities Fund May 28, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.73% of net assets
Over $10 billion and up to $15 billion 0.70% of net assets
In excess of $15 billion 0.67% of net assets
Ivy Municipal Bond Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.525% of net assets
Over $500 million and up to $1 billion 0.50% of net assets
Over $1 billion and up to $1.5 billion 0.45% of net assets
Over $1.5 billion and up to $5 billion 0.40% of net assets
Over $5 billion and up to $10 billion 0.395% of net assets
Over $10 billion and up to $15 billion 0.39% of net assets
In excess of $15 billion 0.385% of net assets
Ivy Municipal High Income Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.525% of net assets
Over $500 million and up to $1 billion 0.50% of net assets
Over $1 billion and up to $1.5 billion 0.45% of net assets
Over $1.5 billion and up to $5 billion 0.40% of net assets
Over $5 billion and up to $10 billion 0.395% of net assets
Over $10 billion and up to $15 billion 0.39% of net assets
In excess of $15 billion 0.385% of net assets
Ivy Natural Resources Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.73% of net assets
In excess of $10 billion 0.70% of net assets


Fund Name (Trust Name) Effective Date Management Fee Schedule (as a percentage of average daily
net assets)
Annual Rate
Ivy Pictet Emerging Markets Local Currency Debt Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.75% of net assets
Over $1 billion and up to $2 billion 0.725% of net assets
Over $2 billion and up to $5 billion 0.70% of net assets
Over $5 billion and up to $10 billion 0.675% of net assets
In excess of $10 billion 0.65% of net assets
Ivy Pictet Targeted Return Bond Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.90% of net assets
Over $1 billion and up to $2 billion 0.85% of net assets
Over $2 billion and up to $5 billion 0.80% of net assets
In excess of $5 billion 0.75% of net assets
Ivy PineBridge High Yield Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.625% of net assets
Over $500 million and up to $1 billion 0.60% of net assets
Over $1 billion and up to $1.5 billion 0.55% of net assets
Over $1.5 billion and up to $10 billion 0.50% of net assets
Over $10 billion and up to $20 billion 0.49% of net assets
In excess of $20 billion 0.48% of net assets
Ivy ProShares Interest Rate Hedged High Yield Index Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.50% of net assets
Over $1 billion and up to $2 billion 0.48% of net assets
Over $2 billion and up to $5 billion 0.46% of net assets
In excess of $5 billion 0.45% of net assets
Ivy ProShares MSCI ACWI Index Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.45% of net assets
Over $1 billion and up to $2 billion 0.43% of net assets
Over $2 billion and up to $5 billion 0.41% of net assets
In excess of $5 billion 0.40% of net assets
Ivy ProShares Russell 2000 Dividend Growers Index Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.40% of net assets
Over $1 billion and up to $2 billion 0.38% of net assets
Over $2 billion and up to $5 billion 0.36% of net assets
In excess of $5 billion 0.35% of net assets
Ivy ProShares S&P 500 Bond Index Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.20% of net assets
Over $1 billion and up to $2 billion 0.18% of net assets
Over $2 billion and up to $5 billion 0.16% of net assets
In excess of $5 billion 0.15% of net assets
Ivy ProShares S&P 500 Dividend Aristocrats Index Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.35% of net assets
Over $1 billion and up to $2 billion 0.33% of net assets
Over $2 billion and up to $5 billion 0.31% of net assets
In excess of $5 billion 0.30% of net assets
Ivy Pzena International Value Fund April 30, 2021 Net Assets Fee
Up to $500 million 1.00% of net assets
Over $500 million and up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.73% of net assets
In excess of $10 billion 0.70% of net assets


Fund Name (Trust Name) Effective Date Management Fee Schedule (as a percentage of average daily
net assets)
Annual Rate
Ivy Science & Technology Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $8 billion 0.76% of net assets
Over $8 billion and up to $13 billion 0.755% of net assets
In excess of $13 billion 0.75% of net assets
Ivy Securian Core Bond Fund April 30, 2021 Net Assets Fee
Up to $500 million 0.525% of net assets
Over $500 million and up to $1 billion 0.50% of net assets
Over $1 billion and up to $1.5 billion 0.45% of net assets
Over $1.5 billion and up to $5 billion 0.40% of net assets
Over $5 billion and up to $10 billion 0.395% of net assets
In excess of $10 billion 0.39% of net assets
Ivy Securian Real Estate Securities Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.90% of net assets
Over $1 billion and up to $2 billion 0.87% of net assets
Over $2 billion and up to $3 billion 0.84% of net assets
Over $3 billion and up to $5 billion 0.80% of net assets
Over $5 billion and up to $10 billion 0.76% of net assets
In excess of $10 billion 0.72% of net assets
Ivy Small Cap Core Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.73% of net assets
In excess of $10 billion 0.72% of net assets
Ivy Small Cap Growth Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.85% of net assets
Over $1 billion and up to $2 billion 0.83% of net assets
Over $2 billion and up to $3 billion 0.80% of net assets
Over $3 billion and up to $5 billion 0.76% of net assets
Over $5 billion and up to $10 billion 0.73% of net assets
In excess of $10 billion 0.72% of net assets
Ivy Value Fund April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
Over $3 billion and up to $5 billion 0.55% of net assets
Over $5 billion and up to $10 billion 0.545% of net assets
In excess of $10 billion 0.54% of net assets
Ivy Wilshire Global Allocation Fund - Predecessor Strategy April 30, 2021 Net Assets Fee
Up to $1 billion 0.70% of net assets
Over $1 billion and up to $2 billion 0.65% of net assets
Over $2 billion and up to $3 billion 0.60% of net assets
In excess of $3 billion 0.55% of net assets
Ivy Wilshire Global Allocation Fund - Successor Strategy April 30, 2021 Net Assets Fee
Up to $500 million 0.06% of net assets
Over $500 million and up to $1 billion 0.05% of net assets
Over $1 billion and up to $2 billion 0.04% of net assets
In excess of $2 billion 0.03% of net assets