X0101 EFFECT 33 LIVE 2010-09-15 13:45:00

N-14

0000883622 IVY FUNDS 333-168744 0000883622 IVY FUNDS S000024833 Ivy Bond Fund C000073914 Class A 0000883622 IVY FUNDS S000024828 Ivy Mortgage Securities Fund C000073884 Class A 0000883622 IVY FUNDS S000024833 Ivy Bond Fund C000073915 Class B 0000883622 IVY FUNDS S000024828 Ivy Mortgage Securities Fund C000073885 Class B 0000883622 IVY FUNDS S000024833 Ivy Bond Fund C000073916 Class C 0000883622 IVY FUNDS S000024828 Ivy Mortgage Securities Fund C000073886 Class C 0000883622 IVY FUNDS S000024833 Ivy Bond Fund C000073917 Class E 0000883622 IVY FUNDS S000024828 Ivy Mortgage Securities Fund C000073887 Class E 0000883622 IVY FUNDS S000024833 Ivy Bond Fund C000073918 Class I 0000883622 IVY FUNDS S000024828 Ivy Mortgage Securities Fund C000073888 Class I 0000883622 IVY FUNDS S000024833 Ivy Bond Fund C000073919 Class Y 0000883622 IVY FUNDS S000024828 Ivy Mortgage Securities Fund C000073883 Class Y