INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • July 28th, 2006 • Ivy Funds
THIS AGREEMENT, made as of the 31st day of January, 2005, by and between Waddell & Reed Ivy Investment Company, a Delaware corporation, registered as an Investment Adviser under the Investment Advisers Act of 1940 (the "Adviser") and BlackRock Financial Management, Inc., a Delaware corporation, registered as an Investment Adviser under the Investment Advisers Act of 1940 (the "Sub-Adviser").
IVY FUNDS MASTER BUSINESS MANAGEMENT AND INVESTMENT ADVISORY AGREEMENT SUPPLEMENT Ivy Cundill Global Value Fund Ivy European Opportunities Fund Ivy International Fund Ivy International Value Fund Ivy Cash Reserves Fund Ivy Pacific Opportunities FundAgreement • July 28th, 2006 • Ivy FundsAGREEMENT originally made as of the 31st day of December, 2002, by and between Ivy Funds (f.k.a. Ivy Fund) (the "Fund") and Waddell & Reed Ivy Investment Company (the "Manager"), and amended as of August 25, 2004, and further amended as of March 27, 2006.
