Supplement to Custodian Agreement Sample Contracts

SUPPLEMENT TO CUSTODIAN AGREEMENT BETWEEN UMB BANK, n.a. and IVY FUNDS
Supplement to Custodian Agreement • July 27th, 2011 • Ivy Funds

WHEREAS, Ivy Funds, on behalf of each of its series set forth on Exhibit A attached hereto (each a “Fund,” and collectively, the “Funds”), has entered into a Custody Agreement dated as March 8, 2010 (as amended or supplemented from time to time, the “Custody Agreement”) with UMB Bank, N.A. (the “Custodian”); and

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