0001752724-19-118952.txt : 20190905 0001752724-19-118952.hdr.sgml : 20190905 20190905144622 ACCESSION NUMBER: 0001752724-19-118952 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190905 DATE AS OF CHANGE: 20190905 EFFECTIVENESS DATE: 20190905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ivy NextShares CENTRAL INDEX KEY: 0001648566 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23155 FILM NUMBER: 191077021 BUSINESS ADDRESS: STREET 1: 6300 LAMAR AVENUE CITY: OVERLAND PARK STATE: KS ZIP: 66202 BUSINESS PHONE: 913-236-2000 MAIL ADDRESS: STREET 1: 6300 LAMAR AVENUE CITY: OVERLAND PARK STATE: KS ZIP: 66202 0001648566 S000054445 Ivy Focused Growth NextShares C000170983 Ivy Focused Growth NextShares IVFGC 0001648566 S000054446 Ivy Focused Value NextShares C000170984 Ivy Focused Value NextShares IVFVC 0001648566 S000054447 Ivy Focused Energy NextShares C000170985 Ivy Focused Energy NextShares IVENC N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001648566 XXXXXXXX 811-23155 false false false N-1A true Ivy NextShares 811-23155 0001648566 549300ZQ0MS75923IS94 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201-9217 US-KS US 18007776472 State Street Bank and Trust Company 1 Iron Street Boston 02110 6176624325 State Street Bank and Trust Company acts as the agent in providing bookkeeping and accounting services and assistance to the Trust, including maintenance of Portfolio records and pricing of Portfolio shares. N N N-1A 3 Y James M. Concannon N/A N H. Jeffrey Dobbs N/A N James D. Gressett N/A N Joseph Harroz, Jr. N/A N Glendon E. Johnson, Jr. N/A N Sandra A.J. Lawrence N/A N Frank J. Ross, Jr. N/A N Michael G. Smith N/A N Edward M. Tighe N/A N Henry J. Herrmann N/A Y Philip J. Sanders N/A Y Scott Schneider 002456000 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201-9217 XXXXXX N N N N N N ALPS Distributors, Inc. 008-34626 000016853 N/A N N Deloitte and Touche LLP 34 N/A N N N N N N Ivy Focused Value NextShares S000054446 549300OYHOIWG57VG929 N 0 0 0 Exchange-Traded Managed Fund Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Ivy Investment Management Company 812-14516 000123381 N/A N State Street Bank and Trust Company 085-05003 N/A N Y N ICE Data Services N/A N/A N Thompson Reuters N/A N/A N Bloomberg N/A N/A N N State Street Bank and Trust Co. N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N WI Services Company 084-01062 SEC File Number Y Y N Ivy Distributors, Inc. 008-34046 SEC File Number Y Y N UBS Securities LLC 8-22651 000007654 N/A 1505.88000000 Cowen and Company, LLC 8-22522 000007616 N/A 876.09000000 RBC Capital Markets 8-45411 000031194 N/A 551.47000000 Sanford C. Bernstein and Co., Inc. 8-52942 000104474 N/A 2488.93000000 Barclays Capital Inc. 8-41342 000019714 N/A 768.96000000 Credit Suisse 8-00422 000000816 N/A 1050.12000000 Merrill Lynch, Pierce, Fenner, and Smith Inc. 8-07221 000007691 N/A 994.84000000 J.P. Morgan Securities Inc. 8-35008 000000079 N/A 998.07000000 William Blair and Company, LLC 8-02698 000001252 N/A 757.66000000 Deutsche Banc Alex. Brown Inc. 8-17822 000002525 N/A 1603.60000000 13180.76000000 0.00000000 Y 9661034.26 N N N N Ivy Focused Growth NextShares S000054445 549300YDVTBIKKU5CO12 N 0 0 0 Exchange-Traded Managed Fund Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Ivy Investment Management Company 812-14516 000123381 N/A N State Street Bank and Trust Company 085-05003 N/A N Y N Bloomberg N/A N/A N ICE Data Services N/A N/A N Thompson Reuters N/A N/A N N State Street Bank and Trust Co. N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N WI Services Company 084-01062 SEC File Number Y Y N Ivy Distributors, Inc. 008-34046 SEC File Number Y Y N UBS Securities LLC 8-22651 000007654 N/A 95.30000000 Keefe, Bruyette and Woods, Inc. 8-10888 000000481 N/A 87.48000000 Sitdoti and Company, LLC 8-52141 000102860 N/A 59.16000000 Morgan Stanley Smith and Barney LLC 8-68191 000149777 N/A 86.16000000 Credit Suisse 8-00422 000000816 N/A 254.60000000 Evercore Group LLC 8-49830 000042405 N/A 339.66000000 Citigroup Global Markets Inc. 8-08177 000007059 N/A 46.80000000 Sanford C. Bernstein and Co., Inc. 8-52942 000104474 N/A 84.64000000 Cowen and Company, LLC 8-22522 000007616 N/A 146.09000000 Stifel, Nicolaus and Company, Inc. 8-01447 000000793 N/A 257.24000000 1707.34000000 0.00000000 Y 12876711.65 N N N N Ivy Focused Energy NextShares S000054447 549300VELLZQ2BK0GZ56 N 0 0 0 Exchange-Traded Managed Fund Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Ivy Investment Management Company 812-14516 000123381 N/A N State Street Bank and Trust Company 085-05003 N/A N Y N ICE Data Services N/A N/A N Thompson Reuters N/A N/A N Bloomberg N/A N/A N N State Street Bank and Trust Co. N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N WI Services Company 084-01062 SEC File Number Y Y N Ivy Distributors, Inc. 008-34046 SEC File Number Y Y N Merrill Lynch, Pierce, Fenner, and Smith Inc. 8-07221 000007691 N/A 1740.28000000 Sanford C. Bernstein and Co., Inc. 8-52942 000104474 N/A 1091.93000000 Tudor, Pickering, Holt and Co. Securities, Inc. 8-66251 000129772 N/A 1474.36000000 Cowen and Company, LLC 8-22522 000007616 N/A 216.63000000 Barclays Capital Inc. 8-41342 000019714 N/A 355.20000000 4878.40000000 0.00000000 Y 6856733.13 N N N N Ivy Focused Growth NextShares S000054445 N 25000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Y Ivy Focused Value NextShares S000054446 N 25000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Y Ivy Focused Energy NextShares S000054447 N 25000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Y false false true false false false INTERNAL CONTROL RPT 2 ItemG.1.a.iii.NSROIRPAF.htm INTERNAL CONTROL REPORT AUDIT LETTER HTML

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and the Board of Trustees of Ivy NextShares™:

In planning and performing our audits of the financial statements of Ivy NextShares™ (the “Funds”), including Ivy Focused Energy NextShares™, Ivy Focused Growth NextShares™, and Ivy Focused Value NextShares™, as of and for the year ended June 30, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of June 30, 2019.

This report is intended solely for the information and use of management and the Board of Trustees of Ivy Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

 

/s/ DELOITTE & TOUCHE LLP

DELOITTE & TOUCHE LLP

Kansas City, Missouri

August 16, 2019