Accommodative central bank policy, currency rate fluctuations, GDP growth outlooks – hear John Maxwell’s latest views on the international market place.



Past performance is not a guarantee of future results. The opinions expressed are those of the Fund’s portfolio manager and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current through March 1, 2016, are subject to change based on market conditions or other factors, and no forecasts can be guaranteed.

Holdings and other sector information are not intended to represent any past or future investment recommendations. Performance information for the Fund through the most recent month end, including the Fund's most recent quarterly information, can be found online at

Risk Factors.The value of the Fund's shares will change, and you could lose money on your investment. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. International investing involves additional risks including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These and other risks are more fully described in the fund's prospectus. Not all funds or fund classes may be offered at all broker/ dealers.

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