Ivy California Municipal High Income Fund — new fund registration

IVY FUNDS registered 1 new fund series on Form 485APOS, filed 2016-07-20. Featured series: Ivy California Municipal High Income Fund.

Registration

Registrant / trust: IVY FUNDS
CIK: 0000883622
Form: 485APOS
Filed: 2016-07-20
State of incorporation: DE
Accession: 0001193125-16-652083
Reported net assets: $13.3M

Series & classes (4)

Series	Class	Ticker	New
Ivy California Municipal High Income Fund	Class A	—	Yes
Ivy California Municipal High Income Fund	Class C	—	Yes
Ivy California Municipal High Income Fund	Class I	—	Yes
Ivy California Municipal High Income Fund	Class Y	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.52%
Management fee: 0.53%
Net expense ratio: 0.80%
Other expenses: 0.74%

Investment objective

Delaware Ivy California Municipal High Income Fund seeks to provide a high level of current income that is not subject to Federal and California income tax.

Advisers

Macquarie Investment Management Business Trust (Advisor)