497

IVY FUNDS

6300 LAMAR AVENUE

P. O. BOX 29217

SHAWNEE MISSION, KANSAS 66201-9217

April 3, 2014

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 Ivy Emerging Markets Equity Fund Prospectus dated February 11, 2014, and as supplemented March 17, 2014, 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

XML

Ivy Funds

Supplement dated March 17, 2014 to the

Ivy Emerging Markets Equity Fund (formerly, Ivy Pacific Opportunities Fund) Prospectus

dated February 11, 2014

The following replaces the Annual Fund Operating Expenses table and footnotes in the “Fees and Expenses” section on page 3:

Annual Fund Operating Expenses

(expenses that you pay each year as a % of the value of your investment)	Class A		Class B		Class C		Class I		Class R		Class Y
Management Fees		0.96%		0.96%		0.96%		0.96%		0.96%		0.96%
Distribution and Service (12b-1) Fees		0.25%		1.00%		1.00%		0.00%		0.50%		0.25%
Other Expenses		0.53%		0.98%		0.57%		0.26%		0.34%		0.26%
Total Annual Fund Operating Expenses		1.74%		2.94%		2.53%		1.22%		1.80%		1.47%
Fee Waiver and/or Expense Reimbursement3, 4		0.24%		0.44%		0.00%		0.00%		0.00%		0.00%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.50%		2.50%		2.53%		1.22%		1.80%		1.47%

¹  For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on Class A shares that were purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 12 months of purchase. For Class B shares, the CDSC declines from 5% for redemptions within the first year of purchase, to 4% for redemptions within the second year, to 3% for redemptions within the third and fourth years, to 2% for redemptions within the fifth year, to 1% for redemptions within the sixth year and to 0% for redemptions after the sixth year. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase.

²  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.

³  Through July 31, 2015, to the extent that the total annual ordinary fund operating expenses of the Class Y shares exceeds the total annual ordinary fund operating expenses of the Class A shares, Ivy Funds Distributor, Inc. (IFDI), the Fund’s distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund’s transfer agent, have contractually agreed to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses of the Class Y shares do not exceed the total annual ordinary fund operating expenses of the Class A shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated by IFDI, WISC or the Board of Trustees.

⁴  Through July 30, 2016, Ivy Investment Management Company (IICO), the Fund’s investment manager, IFDI and/or WISC have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses for Class A shares at 1.50% and Class B shares at 2.50%. Prior to that date, the expense limitation may not be terminated by IICO, IFDI, WISC or the Board of Trustees.

The following replaces the “Example” section on pages 3-4:

This example is intended to help you compare the cost of investing in the shares of the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the particular class of shares of the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, taking into account that expenses were reduced for the period indicated above. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

	1 Year		3 Years		5 Years		10 Years
Class A Shares	$	719	$	1,046	$	1,421	$	2,470
Class B Shares		653		1,125		1,568		2,911
Class C Shares		256		788		1,345		2,866
Class I Shares		124		387		670		1,477
Class R Shares		183		566		975		2,116
Class Y Shares		150		465		803		1,757

You would pay the following expenses if you did not redeem your shares:

	1 Year		3 Years		5 Years		10 Years
Class A Shares	$	719	$	1,046	$	1,421	$	2,470
Class B Shares		253		825		1,468		2,911
Class C Shares		256		788		1,345		2,866
Class I Shares		124		387		670		1,477
Class R Shares		183		566		975		2,116
Class Y Shares		150		465		803		1,757

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Registrant Name

dei_EntityRegistrantName

IVY FUNDS

Prospectus Date

rr_ProspectusDate

Feb. 11, 2014

Supplement [Text Block]

ivyf_SupplementTextBlock

Ivy Funds

Supplement dated March 17, 2014 to the

Ivy Emerging Markets Equity Fund (formerly, Ivy Pacific Opportunities Fund) Prospectus

dated February 11, 2014

The following replaces the Annual Fund Operating Expenses table and footnotes in the “Fees and Expenses” section on page 3:

Annual Fund Operating Expenses

(expenses that you pay each year as a % of the value of your investment)	Class A		Class B		Class C		Class I		Class R		Class Y
Management Fees		0.96%		0.96%		0.96%		0.96%		0.96%		0.96%
Distribution and Service (12b-1) Fees		0.25%		1.00%		1.00%		0.00%		0.50%		0.25%
Other Expenses		0.53%		0.98%		0.57%		0.26%		0.34%		0.26%
Total Annual Fund Operating Expenses		1.74%		2.94%		2.53%		1.22%		1.80%		1.47%
Fee Waiver and/or Expense Reimbursement3, 4		0.24%		0.44%		0.00%		0.00%		0.00%		0.00%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.50%		2.50%		2.53%		1.22%		1.80%		1.47%

¹  For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on Class A shares that were purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 12 months of purchase. For Class B shares, the CDSC declines from 5% for redemptions within the first year of purchase, to 4% for redemptions within the second year, to 3% for redemptions within the third and fourth years, to 2% for redemptions within the fifth year, to 1% for redemptions within the sixth year and to 0% for redemptions after the sixth year. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase.

²  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.

³  Through July 31, 2015, to the extent that the total annual ordinary fund operating expenses of the Class Y shares exceeds the total annual ordinary fund operating expenses of the Class A shares, Ivy Funds Distributor, Inc. (IFDI), the Fund’s distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund’s transfer agent, have contractually agreed to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses of the Class Y shares do not exceed the total annual ordinary fund operating expenses of the Class A shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated by IFDI, WISC or the Board of Trustees.

⁴  Through July 30, 2016, Ivy Investment Management Company (IICO), the Fund’s investment manager, IFDI and/or WISC have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses for Class A shares at 1.50% and Class B shares at 2.50%. Prior to that date, the expense limitation may not be terminated by IICO, IFDI, WISC or the Board of Trustees.

The following replaces the “Example” section on pages 3-4:

This example is intended to help you compare the cost of investing in the shares of the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the particular class of shares of the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, taking into account that expenses were reduced for the period indicated above. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

	1 Year		3 Years		5 Years		10 Years
Class A Shares	$	719	$	1,046	$	1,421	$	2,470
Class B Shares		653		1,125		1,568		2,911
Class C Shares		256		788		1,345		2,866
Class I Shares		124		387		670		1,477
Class R Shares		183		566		975		2,116
Class Y Shares		150		465		803		1,757

You would pay the following expenses if you did not redeem your shares:

	1 Year		3 Years		5 Years		10 Years
Class A Shares	$	719	$	1,046	$	1,421	$	2,470
Class B Shares		253		825		1,468		2,911
Class C Shares		256		788		1,345		2,866
Class I Shares		124		387		670		1,477
Class R Shares		183		566		975		2,116
Class Y Shares		150		465		803		1,757

Ivy Emerging Markets Equity Fund

Risk/Return:

rr_RiskReturnAbstract

Supplement [Text Block]

ivyf_SupplementTextBlock

Ivy Funds

Supplement dated March 17, 2014 to the

Ivy Emerging Markets Equity Fund (formerly, Ivy Pacific Opportunities Fund) Prospectus

dated February 11, 2014

The following replaces the Annual Fund Operating Expenses table and footnotes in the “Fees and Expenses” section on page 3:

Annual Fund Operating Expenses

(expenses that you pay each year as a % of the value of your investment)	Class A		Class B		Class C		Class I		Class R		Class Y
Management Fees		0.96%		0.96%		0.96%		0.96%		0.96%		0.96%
Distribution and Service (12b-1) Fees		0.25%		1.00%		1.00%		0.00%		0.50%		0.25%
Other Expenses		0.53%		0.98%		0.57%		0.26%		0.34%		0.26%
Total Annual Fund Operating Expenses		1.74%		2.94%		2.53%		1.22%		1.80%		1.47%
Fee Waiver and/or Expense Reimbursement3, 4		0.24%		0.44%		0.00%		0.00%		0.00%		0.00%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.50%		2.50%		2.53%		1.22%		1.80%		1.47%

¹  For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on Class A shares that were purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 12 months of purchase. For Class B shares, the CDSC declines from 5% for redemptions within the first year of purchase, to 4% for redemptions within the second year, to 3% for redemptions within the third and fourth years, to 2% for redemptions within the fifth year, to 1% for redemptions within the sixth year and to 0% for redemptions after the sixth year. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase.

²  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.

³  Through July 31, 2015, to the extent that the total annual ordinary fund operating expenses of the Class Y shares exceeds the total annual ordinary fund operating expenses of the Class A shares, Ivy Funds Distributor, Inc. (IFDI), the Fund’s distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund’s transfer agent, have contractually agreed to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses of the Class Y shares do not exceed the total annual ordinary fund operating expenses of the Class A shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated by IFDI, WISC or the Board of Trustees.

⁴  Through July 30, 2016, Ivy Investment Management Company (IICO), the Fund’s investment manager, IFDI and/or WISC have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses for Class A shares at 1.50% and Class B shares at 2.50%. Prior to that date, the expense limitation may not be terminated by IICO, IFDI, WISC or the Board of Trustees.

The following replaces the “Example” section on pages 3-4:

This example is intended to help you compare the cost of investing in the shares of the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the particular class of shares of the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, taking into account that expenses were reduced for the period indicated above. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

	1 Year		3 Years		5 Years		10 Years
Class A Shares	$	719	$	1,046	$	1,421	$	2,470
Class B Shares		653		1,125		1,568		2,911
Class C Shares		256		788		1,345		2,866
Class I Shares		124		387		670		1,477
Class R Shares		183		566		975		2,116
Class Y Shares		150		465		803		1,757

You would pay the following expenses if you did not redeem your shares:

	1 Year		3 Years		5 Years		10 Years
Class A Shares	$	719	$	1,046	$	1,421	$	2,470
Class B Shares		253		825		1,468		2,911
Class C Shares		256		788		1,345		2,866
Class I Shares		124		387		670		1,477
Class R Shares		183		566		975		2,116
Class Y Shares		150		465		803		1,757

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

Annual Fund Operating Expenses

(expenses that you pay each year as a % of the value of your investment)

Expenses Deferred Charges [Text Block]

rr_ExpensesDeferredChargesTextBlock

For Class A shares, a 1% contingent deferred sales charge (CDSC) is only imposed on Class A shares that were purchased at net asset value (NAV) for $1 million or more that are subsequently redeemed within 12 months of purchase. For Class B shares, the CDSC declines from 5% for redemptions within the first year of purchase, to 4% for redemptions within the second year, to 3% for redemptions within the third and fourth years, to 2% for redemptions within the fifth year, to 1% for redemptions within the sixth year and to 0% for redemptions after the sixth year. For Class C shares, a 1% CDSC applies to redemptions within 12 months of purchase.

Expense Example Narrative [Text Block]

rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the shares of the Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the particular class of shares of the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, taking into account that expenses were reduced for the period indicated above. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example, No Redemption, By Year, Caption [Text]

rr_ExpenseExampleNoRedemptionByYearCaption

You would pay the following expenses if you did not redeem your shares:

Ivy Emerging Markets Equity Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.96%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.53%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.74%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

0.24%

^[1],[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.50%

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

July 30, 2016

1 Year

rr_ExpenseExampleYear01

$ 719

3 Years

rr_ExpenseExampleYear03

1,046

5 Years

rr_ExpenseExampleYear05

1,421

10 Years

rr_ExpenseExampleYear10

2,470

1 Year

rr_ExpenseExampleNoRedemptionYear01

719

3 Years

rr_ExpenseExampleNoRedemptionYear03

1,046

5 Years

rr_ExpenseExampleNoRedemptionYear05

1,421

10 Years

rr_ExpenseExampleNoRedemptionYear10

2,470

Ivy Emerging Markets Equity Fund | Class B

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.96%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

1.00%

Other Expenses

rr_OtherExpensesOverAssets

0.98%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.94%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

0.44%

^[1],[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

2.50%

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

July 30, 2016

1 Year

rr_ExpenseExampleYear01

653

3 Years

rr_ExpenseExampleYear03

1,125

5 Years

rr_ExpenseExampleYear05

1,568

10 Years

rr_ExpenseExampleYear10

2,911

1 Year

rr_ExpenseExampleNoRedemptionYear01

253

3 Years

rr_ExpenseExampleNoRedemptionYear03

825

5 Years

rr_ExpenseExampleNoRedemptionYear05

1,468

10 Years

rr_ExpenseExampleNoRedemptionYear10

2,911

Ivy Emerging Markets Equity Fund | Class C

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.96%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

1.00%

Other Expenses

rr_OtherExpensesOverAssets

0.57%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.53%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

none

^[1],[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

2.53%

1 Year

rr_ExpenseExampleYear01

256

3 Years

rr_ExpenseExampleYear03

788

5 Years

rr_ExpenseExampleYear05

1,345

10 Years

rr_ExpenseExampleYear10

2,866

1 Year

rr_ExpenseExampleNoRedemptionYear01

256

3 Years

rr_ExpenseExampleNoRedemptionYear03

788

5 Years

rr_ExpenseExampleNoRedemptionYear05

1,345

10 Years

rr_ExpenseExampleNoRedemptionYear10

2,866

Ivy Emerging Markets Equity Fund | Class I

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.96%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.26%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.22%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

none

^[1],[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.22%

1 Year

rr_ExpenseExampleYear01

124

3 Years

rr_ExpenseExampleYear03

387

5 Years

rr_ExpenseExampleYear05

670

10 Years

rr_ExpenseExampleYear10

1,477

1 Year

rr_ExpenseExampleNoRedemptionYear01

124

3 Years

rr_ExpenseExampleNoRedemptionYear03

387

5 Years

rr_ExpenseExampleNoRedemptionYear05

670

10 Years

rr_ExpenseExampleNoRedemptionYear10

1,477

Ivy Emerging Markets Equity Fund | Class R

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.96%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.50%

Other Expenses

rr_OtherExpensesOverAssets

0.34%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.80%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

none

^[1],[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.80%

1 Year

rr_ExpenseExampleYear01

183

3 Years

rr_ExpenseExampleYear03

566

5 Years

rr_ExpenseExampleYear05

975

10 Years

rr_ExpenseExampleYear10

2,116

1 Year

rr_ExpenseExampleNoRedemptionYear01

183

3 Years

rr_ExpenseExampleNoRedemptionYear03

566

5 Years

rr_ExpenseExampleNoRedemptionYear05

975

10 Years

rr_ExpenseExampleNoRedemptionYear10

2,116

Ivy Emerging Markets Equity Fund | Class Y

Risk/Return:

rr_RiskReturnAbstract

Management Fees

rr_ManagementFeesOverAssets

0.96%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.26%

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.47%

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

none

^[1],[2]

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.47%

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

July 31, 2015

1 Year

rr_ExpenseExampleYear01

150

3 Years

rr_ExpenseExampleYear03

465

5 Years

rr_ExpenseExampleYear05

803

10 Years

rr_ExpenseExampleYear10

1,757

1 Year

rr_ExpenseExampleNoRedemptionYear01

150

3 Years

rr_ExpenseExampleNoRedemptionYear03

465

5 Years

rr_ExpenseExampleNoRedemptionYear05

803

10 Years

rr_ExpenseExampleNoRedemptionYear10

$ 1,757

[1] Through July 31, 2015, to the extent that the total annual ordinary fund operating expenses of the Class Y shares exceeds the total annual ordinary fund operating expenses of the Class A shares, Ivy Funds Distributor, Inc. (IFDI), the Fund's distributor, and/or Waddell & Reed Services Company, doing business as WI Services Company (WISC), the Fund's transfer agent, have contractually agreed to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses of the Class Y shares do not exceed the total annual ordinary fund operating expenses of the Class A shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated by IFDI, WISC or the Board of Trustees.

[2] Through July 30, 2016, Ivy Investment Management Company (IICO), the Fund's investment manager, IFDI and/or WISC have contractually agreed to reimburse sufficient management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses for Class A shares at 1.50% and Class B shares at 2.50%. Prior to that date, the expense limitation may not be terminated by IICO, IFDI, WISC or the Board of Trustees.

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	Other
Document Period End Date	dei_DocumentPeriodEndDate	Mar. 31, 2013
Registrant Name	dei_EntityRegistrantName	IVY FUNDS
Central Index Key	dei_EntityCentralIndexKey	0000883622
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Mar. 17, 2014
Document Effective Date	dei_DocumentEffectiveDate	Mar. 17, 2014
Prospectus Date	rr_ProspectusDate	Feb. 11, 2014

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	IVY FUNDS
Prospectus Date	rr_ProspectusDate	Feb. 11, 2014
Document Creation Date	dei_DocumentCreationDate	Mar. 17, 2014