07/30/2021 | Press release | Distributed by Public on 07/30/2021 17:04
1.
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The following replaces the 'Annual Fund Operating Expenses' table (as well as the applicable noted footnotes):
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(expenses that you pay each year as a % of the value of your investment)
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Class A
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Class E
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Class I
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Class R6
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Management Fees
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0.40%
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0.40%
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0.40%
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0.40%
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Distribution and Service (12b-1) Fees
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0.25%
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0.25%
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0.00%
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0.00%
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Other Expenses
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0.43%
|
0.39%
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0.44%
|
0.26%
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Total Annual Fund Operating Expenses
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1.08%
|
1.04%
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0.84%
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0.66%
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Fee Waiver and/or Expense Reimbursement3,4
|
0.20%
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0.37%
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0.19%
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0.03%
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Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
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0.88%
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0.67%
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0.65%
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0.63%
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3 |
Through January 31, 2022 (July 29, 2022 for Class E shares), Delaware Management Company (Manager), the Fund's investment manager, Delaware Distributors, L.P. (Distributor), 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 management fees, 12b-1 fees and/or shareholder servicing fees to cap the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) as follows: Class A shares at 0.88%; Class E shares at 0.67%; and Class I and Class R6 shares at 0.65%. Prior to that date, the expense limitation may not be terminated without the consent of the Board of Trustees of Ivy Funds (Board). Certain common expenses applicable to all share classes also may be waived to cap total annual ordinary fund operating expenses, which may serve to reduce the expense ratio of certain share classes.
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4 |
Through January 31, 2022, Distributor and/or WISC 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 R6 shares do not exceed the total annual ordinary fund operating expenses of the Class I shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated without the consent of the Board.
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2.
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The following replaces the 'Example' section:
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1 Year
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3 Years
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5 Years
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10 Years
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|
Class A Shares
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$338
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$566
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$812
|
$1,517
|
Class E Shares
|
337
|
597
|
875
|
1,657
|
Class I Shares
|
66
|
249
|
447
|
1,020
|
Class R6 Shares
|
64
|
208
|
365
|
820
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A Shares
|
$338
|
$566
|
$812
|
$1,517
|
Class E Shares
|
337
|
597
|
875
|
1,657
|
Class I Shares
|
66
|
249
|
447
|
1,020
|
Class R6 Shares
|
64
|
208
|
365
|
820
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