-----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, BWtLZnT2M3G3Q/rTffNQHLNY+rPWa9ccHlFpgUw8ZbEvhaKE4Zm/OLlLwi6WbV7C DSk/gfSpm/1NoaXUecOeOw== 0001105607-06-000134.txt : 20060322 0001105607-06-000134.hdr.sgml : 20060322 20060322165057 ACCESSION NUMBER: 0001105607-06-000134 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060322 DATE AS OF CHANGE: 20060322 EFFECTIVENESS DATE: 20060322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IVY FUNDS CENTRAL INDEX KEY: 0000052858 IRS NUMBER: 046006759 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-17613 FILM NUMBER: 06704222 BUSINESS ADDRESS: STREET 1: 6300 LAMAR AVENUE STREET 2: P. O. BOX 29217 CITY: OVERLAND PARK STATE: KS ZIP: 66202 BUSINESS PHONE: 913-236-2000 MAIL ADDRESS: STREET 1: P. O. BOX 29217 CITY: SHAWNEE MISSION STATE: KS ZIP: 66201-9217 FORMER COMPANY: FORMER CONFORMED NAME: IVY FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IVY FUNDS INC CENTRAL INDEX KEY: 0000883622 IRS NUMBER: 481112076 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-45961 FILM NUMBER: 06704221 BUSINESS ADDRESS: STREET 1: 6300 LAMAR AVE CITY: OVERLAND PARK STATE: KS ZIP: 66202 BUSINESS PHONE: 9132362000 MAIL ADDRESS: STREET 1: P O BOX 29217 CITY: SHAWNEE MISSION STATE: KS ZIP: 66201-9217 FORMER COMPANY: FORMER CONFORMED NAME: W&R FUNDS INC DATE OF NAME CHANGE: 20000829 FORMER COMPANY: FORMER CONFORMED NAME: WADDELL & REED FUNDS INC DATE OF NAME CHANGE: 19920717 0000052858 S000006352 Ivy International Value Fund C000017454 Class A IVIAX C000017455 Class B IIFBX C000017456 Class C IVIFX C000017457 Class Y IVVYX C000017458 Advisor Class IVIVX 0000052858 S000006362 Ivy European Opportunities Fund C000017498 Class A IEOAX C000017499 Class B IEOBX C000017500 Class C IEOCX C000017501 Class Y IEOYX C000017502 Advisor Class IEOVX 0000052858 S000006364 Ivy International Fund C000017509 Advisor Class C000017510 Class A IVINX C000017511 Class B IVIBX C000017512 Class C IVNCX C000017513 Class Y IVIYX C000017514 Class I IVIIX 0000883622 S000006290 Ivy International Growth Fund C000017285 Class A WIGAX C000017286 Class B WIGBX C000017287 Class C WRICX C000017288 Class Y WIGYX 497 1 ivyeqstkr3-22_06.htm 497E STICKER

IVY FUNDS
 

Supplement dated March 22, 2006

to

Ivy Equity Funds Prospectus dated July 30, 2005

as supplemented September 13, 2005, November 29, 2005, February 13, 2006
and February 17, 2006
 
 

At a Meeting of shareholders of Ivy International Growth Fund held on March 17, 2006, a majority of shareholders voted to approve an Agreement and Plan of Reorganization providing for the sale of all of the assets of Ivy International Growth Fund to, and the assumption of all of the liabilities of the Ivy International Growth Fund by, the Ivy International Fund in exchange for shares of the Ivy International Fund in complete liquidation of the Ivy International Growth Fund.
 

On the Closing Date, scheduled for March 27, 2006, all outstanding shares of Ivy International Growth Fund will be cancelled and each shareholder will receive shares of Ivy International Fund with an aggregate net asset value equal to the aggregate net asset value of his or her shares of Ivy International Growth Fund as of the close of business on Friday, March 24, 2006.
 
 
The following replaces the disclosure regarding the management fee for Ivy International Fund and Ivy International Value Fund in the section entitled "Management Fee":
 

Effective March 27, 2006, the following management fee structure will apply to Ivy International Fund and Ivy International Value Fund:
 

Each of Ivy International Fund and Ivy International Value Fund shall pay Ivy Investment Management Company a monthly fee on the first business day of each month based upon the average daily value of the net assets of the Fund during the preceding month at the following annual rates:

 

Net Assets Fee

Up to $1 billion

0.85% of net assets

Over $1 billion and up to $2 billion

0.83% of net assets

Over $2 billion and up to $3 billion

0.80% of net assets

Over $3 billion

0.76% of net assets

 

 
The following information replaces the disclosure regarding the management of Ivy European Opportunities Fund in the section entitled "Portfolio Management":
 

Effective April 1, 2006, Paul Casson will be responsible for the day-to-day management of the Ivy European Opportunities Fund. Mr. Casson has been associated with Henderson Global Investors for over five years as a Fund Manager for Pan-European Equities. He earned BSc and MSc degrees in Accounting from Queens University Belfast, and an MSc in Investment Analysis from the University of Stirling.
 

Mr. Casson succeeds Stephen Peak as portfolio manager for the Fund. Although Mr. Peak will no longer be responsible for the day-to-day management of the Fund, he will, in his position as Head of Pan-European Equities for Henderson, lead the management team of which Mr. Casson is a member.
 
 

WRS3300U

536754
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