-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UJh6QxH3tZtslnKJR7cg3BmLnPCI+yfkFZ9BvAafr6jJpPqu1ZTccVIntLfSxPfr oB5G1td4prGw5NDZLTpAuA== 0000945621-98-000004.txt : 19980121 0000945621-98-000004.hdr.sgml : 19980121 ACCESSION NUMBER: 0000945621-98-000004 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980120 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IVY FUND CENTRAL INDEX KEY: 0000052858 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 046006759 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-17613 FILM NUMBER: 98509470 BUSINESS ADDRESS: STREET 1: 700 SOUTH FEDERAL HIGHWAY STREET 2: SUITE 300 CITY: BOCA RATON STATE: FL ZIP: 33432 BUSINESS PHONE: 407-393-8900 MAIL ADDRESS: STREET 1: P. O. BOX 5007 CITY: BOCA RATON STATE: FL ZIP: 33431-0807 497 1 IVY FUND Ivy Bond Fund Ivy Emerging Growth Fund Ivy Growth Fund Ivy Growth with Income Fund ADVISOR CLASS SHARES Supplement Dated January 20, 1998 to Prospectus Dated January 1, 1998 # Ivy Emerging Growth Fund has changed its name to Ivy US Emerging Growth Fund. [logo] Ivy Mackenzie Ivy Funds - A Growing Global Force Via Mizner Financial Plaza 700 South Federal Highway Boca Raton, Florida 33432 1-800-456-5111 16DOMADV0198 IVY FUND Ivy Bond Fund Ivy Emerging Growth Fund Ivy Growth Fund Ivy Growth with Income Fund ADVISOR CLASS SHARES Supplement Dated January 20, 1998 to Statement of Additional Information Dated January 1, 1998 # Ivy Emerging Growth Fund has changed its name to Ivy US Emerging Growth Fund. [logo] Ivy Mackenzie Ivy Funds - A Growing Global Force Via Mizner Financial Plaza 700 South Federal Highway Boca Raton, Florida 33432 1-800-456-5111 IVY FUND Ivy Asia Pacific Fund Ivy Canada Fund Ivy China Region Fund Ivy Global Fund Ivy Global Natural Resources Fund Ivy Global Science & Technology Fund Ivy International Fund IIIvy International Small Companies Fund Ivy Latin America Strategy Fund Ivy New Century Fund Ivy Pan-Europe Fund ADVISOR CLASS SHARES Supplement Dated January 20, 1998 to Prospectus Dated January 1, 1998 # Ivy Latin America Strategy Fund has changed its name to Ivy South America Fund. Ivy New Century Fund has changed its name to Ivy Developing Nations Fund. # The heading "Customer Fee Credits" in the "Annual Fund Operating Expenses" table on page 2 is replaced with the heading "Custody Fee Credits". # The following paragraph is substituted for the first paragraph under "Ivy Latin America Strategy Fund" on page 6: IVY SOUTH AMERICA FUND: The Fund's principal investment objective is long-term capital growth. Consideration of current income is secondary to this principal objective. Under normal conditions the Fund invests at least 65% of its total assets in securities issued in South America. Securities of South American issuers include (a) securities of companies organized under the laws of a South American country or for which the principal securities trading market is in South America; (b) securities that are issued or guaranteed by the government of a South American country, its agencies or instrumentalities, political subdivisions or the country's central bank; (c) securities of a company, wherever organized, where at least 50% of the company's non-current assets, capitalization, gross revenue or profit in any one of the two most recent fiscal years represents (directly or indirectly through subsidiaries) assets or activities located in South America; or (d) any of the preceding types of securities in the form of depository shares. The Fund may participate, however, in markets throughout Latin America, which for purposes of this Prospectus is defined as Mexico, Central America, South America and the Spanish-speaking islands of the Caribbean, and it is expected that the Fund will be invested at all times in at least three countries. Under present conditions, the Fund expects to focus its investments in Argentina, Brazil, Chile, Colombia, Peru and Venezuela, which IMI believes are the most developed capital markets in South America. The Fund does not expect to concentrate its investments in any particular industry. # The following sentence is substituted for the second sentence of the third paragraph under "Ivy Latin America Strategy Fund" on page 7: These include debt securities issued by South American Governments ("Sovereign Debt"). # The following sentence is substituted for the first sentence of the fourth paragraph under "Ivy Latin America Strategy Fund" on page 7: To meet redemptions, or while the Fund is anticipating investments in South American securities, the Fund may hold cash or cash equivalents such as bank obligations (including certificates of deposit and bankers' acceptances), commercial paper, short-term notes and repurchase agreements. # The following sentence is substituted for the third sentence of the fifth paragraph under "Ivy Latin America Strategy Fund" on page 7: The Fund will treat any South American securities that are subject to restrictions on repatriation for more than seven days, as well as any securities issued in connection with South American debt conversion programs that are restricted to remittance of invested capital or profits, as illiquid securities for purposes of this limitation. [logo] Ivy Mackenzie Ivy Funds - A Growing Global Force Via Mizner Financial Plaza 700 South Federal Highway Boca Raton, Florida 33432 1-800-456-5111 16INTADV0198 IVY FUND Ivy Asia Pacific Fund Ivy Canada Fund Ivy China Region Fund Ivy Global Fund Ivy Global Natural Resources Fund Ivy Global Science & Technology Fund Ivy International Fund II Ivy International Small Companies Fund Ivy Latin America Strategy Fund Ivy New Century Fund Ivy Pan-Europe Fund ADVISOR CLASS SHARES Supplement Dated January 20, 1998 to Statement of Additional Information Dated January 1, 1998 # Ivy Latin America Strategy Fund has changed its name to Ivy South America Fund. Ivy New Century Fund has changed its name to Ivy Developing Nations Fund. # The following paragraph is substituted for the first paragraph under "Ivy Latin America Strategy Fund": IVY SOUTH AMERICA FUND: The Fund's principal investment objective is long-term capital growth. Consideration of current income is secondary to this principal objective. Under normal conditions the Fund invests at least 65% of its total assets in securities issued in South America. Securities of South American issuers include (a) securities of companies organized under the laws of a South American country or for which the principal securities trading market is in South America; (b) securities that are issued or guaranteed by the government of a South American country, its agencies or instrumentalities, political subdivisions or the country's central bank; (c) securities of a company, wherever organized, where at least 50% of the company's non-current assets, capitalization, gross revenue or profit in any one of the two most recent fiscal years represents (directly or indirectly through subsidiaries) assets or activities located in South America; or (d) any of the preceding types of securities in the form of depository shares. The Fund may participate, however, in markets throughout Latin America, which for purposes of this Prospectus is defined as Mexico, Central America, South America and the Spanish-speaking islands of the Caribbean, and it is expected that the Fund will be invested at all times in at least three countries. Under present conditions, the Fund expects to focus its investments in Argentina, Brazil, Chile, Colombia, Peru and Venezuela, which IMI believes are the most developed capital markets in South America. The Fund does not expect to concentrate its investments in any particular industry. # The following sentence is substituted for the second sentence of the third paragraph under "Ivy Latin America Strategy Fund": These include debt securities issued by South American Governments ("Sovereign Debt"). # The following sentence is substituted for the first sentence of the fourth paragraph under "Ivy Latin America Strategy Fund": To meet redemptions, or while the Fund is anticipating investments in South American securities, the Fund may hold cash or cash equivalents such as bank obligations (including certificates of deposit and bankers' acceptances), commercial paper, short-term notes and repurchase agreements. # The following sentence is substituted for the third sentence of the fifth paragraph under "Ivy Latin America Strategy Fund": The Fund will treat any South American securities that are subject to restrictions on repatriation for more than seven days, as well as any securities issued in connection with South American debt conversion programs that are restricted to remittance of invested capital or profits, as illiquid securities for purposes of this limitation. [logo] Ivy Mackenzie Ivy Funds - A Growing Global Force Via Mizner Financial Plaza 700 South Federal Highway Boca Raton, Florida 33432 1-800-456-5111 -----END PRIVACY-ENHANCED MESSAGE-----