X0101 EFFECT 33 LIVE 2025-03-25 09:15:00

N-14

0000883622 IVY FUNDS 333-284919 0000883622 IVY FUNDS S000024823 Macquarie Balanced Fund C000073854 Class A 0000883622 IVY FUNDS S000051066 Macquarie Multi-Asset Income Fund C000160887 Class A 0000883622 IVY FUNDS S000024823 Macquarie Balanced Fund C000073856 Class C 0000883622 IVY FUNDS S000051066 Macquarie Multi-Asset Income Fund C000160888 Class C 0000883622 IVY FUNDS S000024823 Macquarie Balanced Fund C000073858 Institutional Class 0000883622 IVY FUNDS S000051066 Macquarie Multi-Asset Income Fund C000160889 Institutional Class 0000883622 IVY FUNDS S000024823 Macquarie Balanced Fund C000073859 Class Y 0000883622 IVY FUNDS S000051066 Macquarie Multi-Asset Income Fund C000160886 Class Y 0000883622 IVY FUNDS S000024823 Macquarie Balanced Fund C000146686 Class R6 0000883622 IVY FUNDS S000051066 Macquarie Multi-Asset Income Fund C000160890 Class R6