12/19/12 Ivy Funds 497 12/19/12 14:1.6M Donnelley … Solutions/FA → Delaware International Equity Fund II → Delaware Ivy Natural Resources Fund → Delaware Real Estate Securities Fund 12/18/12‡ Ivy Funds EFFECT 12/18/12 1:10K SEC #5 → Delaware Climate Solutions Fund → Delaware Global Equity Fund II → Delaware International Equity Fund II → Delaware Ivy Balanced Fund → Delaware Ivy Core Bond Fund → Delaware Ivy Core Equity Fund → Delaware Ivy Global Bond Fund → Delaware Ivy Global Growth Fund → Delaware Ivy High Income Fund → Delaware Ivy International Core Equity Fund → Delaware Ivy Ltd.-Term Bond Fund → Delaware Ivy Managed International Opportunities Fund → Delaware Ivy Smid Cap Core Fund → Delaware Ivy Systematic Emerging Markets Equity Fund → Delaware Ivy Value Fund → Ivy Dividend Opportunities Fund → Ivy European Opportunities Fund → Ivy Global Income Allocation Fund → Ivy Managed European/Pacific Fund → Ivy Micro Cap Growth Fund