Ivy Funds

Ivy Funds #2 in Barron’s 5-Year Ranking of "Best Mutual Fund Families"

For the second year in a row, Ivy Funds are near the top of the "Best Mutual Fund Families" over the last five years in an annual ranking published by Barron's. The broad rankings, which only include fund families with representation across five asset categories, placed Ivy Funds second over the five year period ended 12/31/09, out of 54 ranked families. Last year Ivy Funds ranked third over the five year period ended 12/31/08, out of 53 families.

Only a limited number of families were ranked, since Barron's emphasizes a broad purview. Its rankings are based on asset-weighted returns in five categories: domestic equity, world equity (including international and global portfolios), mixed equity (stocks and bonds), taxable bonds and tax exempt funds. Rankings also take into account an individual fund's performance within its Lipper peer group. Visit www.barrons.com to view the most recent Barron's "Best Mutual Fund Families" report. (paid subscription required.)

The Best Families Over One-Year (out of 61 funds)
Rank Fund	U.S. Equity	World Equity	Mixed Equity	Taxable Bond	Tax-Exempt Bond
30. Thrivent Fin’l	24	53	10	26	51
31. American Funds	31	4	45	32	40
32. Russell Investment	35	22	14	39	48
33. SEI Group	37	58	33	12	31
34. Mainstay Funds	10	51	35	51	41
35. Columbia Mgmt	34	18	29	42	38
36. GE Asset Mgmt	2	48	50	55	42
37. Virtus Investment	48	60	38	4	6
38. BlackRock	38	16	41	37	29
39. Ivy Investment Mgmt	40	13	25	48	26

The Best Families Over Five-Years (out of 54 funds)
1. Waddell & Reed	6. State Farm Investment Mgmt
2. Ivy Investment Mgmt	7. MFS Investment Management
3. Nuveen Asset Management	8. T Rowe Price
4. JPMorgan	9. Mainstay Funds
5. Franklin Templeton	10. JennisonDryden Funds

The Best Families Over Ten-Years (out of 48 funds)
10. JP Morgan	15. Pioneer Investment Management
11. BlackRock	16. RidgeWorth Funds
12. Delaware Management Company	17. GE Asset Management Inc
13. Legg Mason	18. Ivy Investment Management
14. Goldman Sachs/GSAM	19. Columbia Mgmt

Source: Barron's "Best Mutual Fund Families" Feb. 1, 2010

Barron's rankings are based on asset-weighted returns in five categories: domestic equity, world equity (including international and global portfolios), mixed equity (stocks and bonds), taxable bonds and tax exempt funds. Rankings also take into account an individual fund's performance within its Lipper peer group. See www.barrons.com or our press release linked above for more information.

Past performance is no guarantee of future results. The Ivy Funds are managed by Ivy Investment Management Company and distributed by its subsidiary, Ivy Funds Distributor, Inc. Waddell & Reed Financial, Inc., the ultimate parent company of Ivy Funds Distributor, Inc., acquired the investment advisor to the Ivy Funds in December 2002.

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Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. For a prospectus containing this and other information for the Ivy Funds, call your financial advisor or click here. Please read the prospectus carefully before investing.