NPORT-P false 0000883622 XXXXXXXX S000024829 C000073890 C000073889 C000073892 C000073894 C000146689 C000122158 IVY FUNDS 811-06569 0000883622 UJ5MWG3K37CY01MVRY13 100 Independence 610 Market Street Philadelphia 19106 215-255-1200 Macquarie Systematic Emerging Markets Equity Fund S000024829 77VGKXRY5E61QSTHBN95 2026-03-31 2025-06-30 N 689812552.29 5388039.22 684424513.07 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 360029.74000000 N LUKOIL PJSC 549300LCJ1UJXHYBWI24 000000000 276569.00000000 NS 0.00000000 0.000000 Long EC CORP RU N 3 N N N Asustek Computer Inc 254900B3WB4OGRB7HM13 000000000 260000.00000000 NS 5731891.00000000 0.837475994874 Long EC CORP TW N 1 N N N Goldman Sachs Financial Square Government Fund 549300BRJMXN4GUWZ402 38141W273 4936099.05000000 NS USD 4936099.05000000 0.721204304600 Long STIV RF US N 1 N N N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 000000000 90931.00000000 NS 2122182.80000000 0.310068204670 Long EC CORP IN N 1 N N N FirstRand Ltd 529900XYOP8CUZU7R671 000000000 2648052.00000000 NS 11321389.87000000 1.654147338939 Long EC CORP ZA N 1 N N N Realtek Semiconductor Corp 5299002E7F36O00MYY75 000000000 624000.00000000 NS 12111734.90000000 1.769623189805 Long EC CORP TW N 1 N N N Shenzhen Mindray Bio-Medical E N/A 000000000 62200.00000000 NS 1950938.52000000 0.285048019576 Long EC CORP CN N 1 N N N Wuliangye Yibin Co Ltd N/A 000000000 122161.00000000 NS 2027066.21000000 0.296170895590 Long EC CORP CN N 1 N N N TSMC 549300KB6NK5SBD14S87 000000000 2243404.00000000 NS 81405184.17000000 11.89396092855 Long EC CORP TW N 1 N N N Bank Rakyat Indonesia Persero 254900HB6S4B12GBNP64 000000000 11247200.00000000 NS 2590978.01000000 0.378563005930 Long EC CORP ID N 1 N N N Bank Central Asia Tbk PT 254900BR956G2OHVOM21 000000000 12106200.00000000 NS 6468819.53000000 0.945147259700 Long EC CORP ID N 1 N N N Weichai Power Co Ltd 529900OKTPKBG85F9502 000000000 2565394.00000000 NS 5506351.23000000 0.804522796137 Long EC CORP CN N 1 N N N Hyundai Motor Co 9884004RQX8PRBXQ8S60 000000000 19784.00000000 NS 2983138.71000000 0.435860880642 Long EC CORP KR N 1 N N N PETROBRAS 5493000J801JZRCMFE49 000000000 2088474.00000000 NS 12058572.34000000 1.761855706469 Long EP CORP BR N 1 N N N MTN Group Ltd 2549009JD6Q6XHZS5E05 000000000 194360.00000000 NS 1546207.01000000 0.225913447059 Long EC CORP ZA N 1 N N N Hindustan Unilever Ltd 5493007IW5N37IKRPM32 000000000 101548.00000000 NS 2717024.73000000 0.396979459109 Long EC CORP IN N 1 N N N Ambev SA 549300TH5Q6VRP8OT012 000000000 3131497.00000000 NS 7660009.04000000 1.119189756316 Long EC CORP BR N 1 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 000000000 1496842.00000000 NS 25234773.36000000 3.687006072709 Long EC CORP IN N 1 N N N Yutong Bus Co Ltd 300300OMPRVW0Q75F037 000000000 1555800.00000000 NS 5397695.62000000 0.788647325880 Long EC CORP CN N 1 N N N Banco do Brasil SA QE0Q0253K88YAGNPE356 000000000 1058408.00000000 NS 4318879.71000000 0.631023528164 Long EC CORP BR N 1 N N N China Construction Bank Corp 5493001KQW6DM7KEDR62 000000000 14375000.00000000 NS 14503277.09000000 2.119046996862 Long EC CORP CN N 1 N N N Infosys Ltd 335800TYLGG93MM7PR89 000000000 813976.00000000 NS 15203203.79000000 2.221311992728 Long EC CORP IN N 1 N N N Shaanxi Coal Industry Co Ltd N/A 000000000 695000.00000000 NS 1866136.35000000 0.272657731329 Long EC CORP CN N 1 N N N Fidelity Government Portfolio 549300FQDFZGLUOCWN51 316175108 4936099.05000000 NS USD 4936099.05000000 0.721204304600 Long STIV RF US N 1 N N N Bajaj Auto Ltd 335800DLAO5NCNN8G863 000000000 32403.00000000 NS 3164733.30000000 0.462393330391 Long EC CORP IN N 1 N N N Saudi National Bank/The 5586006ZEFQ542K7CY16 000000000 120000.00000000 NS 1155685.91000000 0.168855131271 Long EC CORP SA N 1 N N N Bank of China Ltd 54930053HGCFWVHYZX42 000000000 32497000.00000000 NS 18877358.45000000 2.758135936032 Long EC CORP CN N 1 N N N Kweichow Moutai Co Ltd N/A 000000000 1.00000000 NS 196.71000000 0.000028740934 Long EC CORP CN N 1 N N N SK Telecom Co Ltd 9884003WEA1PHW006037 000000000 236468.00000000 NS 9934599.59000000 1.451525975514 Long EC CORP KR N 1 N N N Sberbank of Russia PJSC 549300WE6TAF5EEWQS81 000000000 4129544.00000000 NS 0.00000000 0.000000 Long EC CORP RU N 3 N N N Powszechna Kasa Oszczednosci B P4GTT6GF1W40CVIMFR43 000000000 387173.00000000 NS 8082149.77000000 1.180867957774 Long EC CORP PL N 1 N N N Turkcell Iletisim Hizmetleri A 7890003EX1LTLS2FFL84 000000000 2263001.00000000 NS 5464586.68000000 0.798420654965 Long EC CORP TR N 1 N N N Qifu Technology Inc 836800R59NKEPDR6I240 88557W101 81565.00000000 NS USD 3536658.40000000 0.516734619006 Long EC CORP CN N 1 N N N Eva Airways Corp 254900S1P4XOXV67GC07 000000000 5790000.00000000 NS 7908428.04000000 1.155485797042 Long EC CORP TW N 1 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 000000000 365690.00000000 NS 16203513.63000000 2.367465413726 Long EC CORP KR N 1 N N N HD Korea Shipbuilding & Offsho 988400DPTJ9KH5R6W540 000000000 40056.00000000 NS 10862845.29000000 1.587150238274 Long EC CORP KR N 1 N N N Emaar Properties PJSC 254900YWYEXYXK1BMP81 000000000 1841151.00000000 NS 6817963.73000000 0.996160073142 Long EC CORP AE N 1 N N N China Unicom 300300UTFDNZL9GJRR78 000000000 1392900.00000000 NS 1038041.45000000 0.151666316763 Long EC CORP CN N 1 N N N Dubai Islamic Bank PJSC 5493003E7YRAQY3JGW88 000000000 757491.00000000 NS 1870730.10000000 0.273328915647 Long EC CORP AE N 1 N N N Tata Consultancy Services Ltd 335800ZJKU9GPQRE2U66 000000000 347305.00000000 NS 14020171.53000000 2.048461336826 Long EC CORP IN N 1 N N N Vale SA 254900SMTWBX7RU2SR20 000000000 204603.00000000 NS 1984608.81000000 0.289967523386 Long EC CORP BR N 1 N N N Hon Hai Precision Industry Co 30030004CM3GSZXX7O56 000000000 1940000.00000000 NS 10692181.30000000 1.562214838279 Long EC CORP TW N 1 N N N Emaar Development PJSC N/A 000000000 2039514.00000000 NS 7496988.24000000 1.095371088678 Long EC CORP AE N 1 N N N Geely Automobile Holdings Ltd 549300YS3T1KVQ2SNI84 000000000 3419000.00000000 NS 6951285.04000000 1.015639403214 Long EC CORP HK N 1 N N N HCL Technologies Ltd 549300C1F8OLYSOQYB65 000000000 322033.00000000 NS 6490977.66000000 0.948384743101 Long EC CORP IN N 1 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 000000000 1332900.00000000 NS 18643739.13000000 2.724002249184 Long EC CORP CN N 1 N N N MediaTek Inc 254900UEGBK1I4DM4E14 000000000 362879.00000000 NS 15527822.47000000 2.268741427794 Long EC CORP TW N 1 N N N Accton Technology Corp 529900M1YRZ0GWMDF920 000000000 155000.00000000 NS 3873408.19000000 0.565936508122 Long EC CORP TW N 1 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 000000000 698720.00000000 NS 44771770.52000000 6.541520600887 Long EC CORP CN N 1 N N N Maruti Suzuki India Ltd 335800D27PBEESKKD357 000000000 23106.00000000 NS 3340886.19000000 0.488130703415 Long EC CORP IN N 1 N N N Harmony Gold Mining Co Ltd 378900986D05F0C29811 000000000 220666.00000000 NS 3051401.17000000 0.445834582445 Long EC CORP ZA N 1 N N N Tata Steel Ltd 335800E6C75YGSGD5T66 000000000 1332556.00000000 NS 2482382.77000000 0.362696356222 Long EC CORP IN N 1 N N N Bharat Electronics Ltd 335800HS8AOTM9W1F335 000000000 1243727.00000000 NS 6112767.38000000 0.893125138458 Long EC CORP IN N 1 N N N Naspers Ltd 21380044BQ8812EEKT59 000000000 20406.00000000 NS 6357231.90000000 0.928843397423 Long EC CORP ZA N 1 N N N Coal India Ltd 335800NLJQZNHM9LBB31 000000000 2520034.00000000 NS 11517342.89000000 1.682777672345 Long EC CORP IN N 1 N N N Cathay Financial Holding Co Lt 5299009XR1QLFAMQ3X77 000000000 2118000.00000000 NS 4553279.47000000 0.665271243657 Long EC CORP TW N 1 N N N Oil & Natural Gas Corp Ltd 335800FPDZ9MRSNO7N41 000000000 965171.00000000 NS 2748418.96000000 0.401566412002 Long EC CORP IN N 1 N N N Meituan 21380033K525E5JLIA77 000000000 611412.00000000 NS 9759288.10000000 1.425911537888 Long EC CORP CN N 1 N N N Jiangxi Copper Co Ltd 3003002E74YFQ6MEZY56 000000000 913500.00000000 NS 2986993.93000000 0.436424159707 Long EC CORP CN N 1 N N N NetEase Inc 5299004AF4DSJDB0PA32 000000000 900600.00000000 NS 24207364.38000000 3.536893246476 Long EC CORP CN N 1 N N N Kia Corp 988400V8MJK9N7OI5X76 000000000 173398.00000000 NS 12449811.94000000 1.819019000964 Long EC CORP KR N 1 N N N Bank of China Ltd 54930053HGCFWVHYZX42 000000000 6168879.00000000 NS 4838336.47000000 0.706920394814 Long EC CORP CN N 1 N N N United Tractors Tbk PT 529900N9ELYOWQV4FW14 000000000 879700.00000000 NS 1162276.87000000 0.169818124249 Long EC CORP ID N 1 N N N China Construction Bank Corp 5493001KQW6DM7KEDR62 000000000 3020500.00000000 NS 3979278.49000000 0.581405021884 Long EC CORP CN N 1 N N N MSILF Government Portfolio 549300BI6Y5SI6BYPB26 61747C707 4936099.05000000 NS USD 4936099.05000000 0.721204304600 Long STIV RF US N 1 N N N SK Hynix Inc 988400XAIK6XISWQV045 000000000 22979.00000000 NS 4971745.70000000 0.726412570715 Long EC CORP KR N 1 N N N Sitios Latinoamerica SAB de CV 984500D2C0CDC0BFDD35 000000000 1.00000000 NS 0.17000000 0.000000024838 Long EC CORP MX N 1 N N N JBS NV 254900JSFON4WL81TW77 000000000 343203.50000000 NS 4999194.75000000 0.730423100653 Long EC CORP BR N 2 N N N PETROBRAS 5493000J801JZRCMFE49 000000000 318171.00000000 NS 1991094.22000000 0.290915094649 Long EC CORP BR N 1 N N N BB Seguridade Participacoes SA N/A 000000000 1007004.00000000 NS 6648365.29000000 0.971380358686 Long EC CORP BR N 1 N N N Yang Ming Marine Transport Cor 254900WG2ACWNVSP6E13 000000000 3557000.00000000 NS 8657493.50000000 1.264930366267 Long EC CORP TW N 1 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 000000000 147558.00000000 NS 2063334.35000000 0.301469966460 Long EC CORP IN N 1 N N N Xiaomi Corp 2549001ACVFAZRNMKL32 000000000 163800.00000000 NS 1250939.18000000 0.182772410413 Long EC CORP CN N 1 N N N Fix Price Group PLC 549300EXJV1RPGZNH608 33835G106 1489220.00000000 NS USD 0.00000000 0.000000 Long EC CORP GB N 3 N N N Bharti Airtel Ltd 335800KQ1FPKOQ84OR26 000000000 328975.00000000 NS 7708817.16000000 1.126321020476 Long EC CORP IN N 1 N N N ICBC 5493002ERZU2K9PZDL40 000000000 12798000.00000000 NS 10140645.48000000 1.481630959492 Long EC CORP CN N 1 N N N Agricultural Bank of China Ltd 549300E7TSGLCOVSY746 000000000 7494900.00000000 NS 6150305.21000000 0.898609721386 Long EC CORP CN N 1 N N N Vipshop Holdings Ltd 549300I9F52K06HPZX60 92763W103 119041.00000000 NS USD 1791567.05000000 0.261762548796 Long EC CORP CN N 1 N N N NANSHAN ALUMINIUM 836800YU5J3RT2VPUO65 000000000 5799100.00000000 NS 3099651.52000000 0.452884351861 Long EC CORP CN N 1 N N N Novatek Microelectronics Corp N/A 000000000 333000.00000000 NS 6212686.57000000 0.907724146543 Long EC CORP TW N 1 N N N Lenovo Group Ltd 254900VUZRGD5U73RE46 000000000 516000.00000000 NS 619203.94000000 0.090470742671 Long EC CORP CN N 1 N N N LG Uplus Corp N/A 000000000 220885.00000000 NS 2340438.28000000 0.341957109265 Long EC CORP KR N 1 N N N Hindustan Aeronautics Ltd 335800AKDC7T933T3I86 000000000 33672.00000000 NS 1912032.48000000 0.279363530014 Long EC CORP IN N 1 N N N Krung Thai Bank PCL 54930007ZQMYCRFQGE36 000000000 5003100.00000000 NS 3278072.21000000 0.478953068950 Long EC CORP TH N 1 N N N CHINA TAIPING 529900C2G37NOIADYW07 000000000 1322000.00000000 NS 2576653.35000000 0.376470056345 Long EC CORP HK N 1 N N N BlackRock Liquidity FedFund 549300T8K043VZEOVK74 09248U700 4936098.07000000 NS USD 4936098.07000000 0.721204161414 Long STIV RF US N 1 N N N Hero MotoCorp Ltd 335800Q49FBMZJTRLK49 000000000 172925.00000000 NS 8543616.11000000 1.248291951391 Long EC CORP IN N 1 N N N KB Financial Group Inc 529900TKE4MXG3Q6GW86 000000000 78074.00000000 NS 6415535.42000000 0.937362016918 Long EC CORP KR N 1 N N N JD Logistics Inc 655600LWTFVMV3E2A890 000000000 2507400.00000000 NS 4197126.86000000 0.613234444390 Long EC CORP CN N 1 N N N Sun Pharmaceutical Industries 335800KJ7GE29LB4SS73 000000000 196396.00000000 NS 3837462.42000000 0.560684538136 Long EC CORP IN N 1 N N N Pop Mart International Group L 9845000A05E8F937E337 000000000 327000.00000000 NS 11105573.92000000 1.622614869561 Long EC CORP CN N 1 N N N JD.com Inc 549300HVTWB0GJZ16V92 000000000 382161.00000000 NS 6226586.40000000 0.909755025002 Long EC CORP CN N 1 N N N 2025-08-25 IVY FUNDS Dan Geatens Dan Geatens Division Director - Head of US Fund Administration XXXX