1. Who’s on your
growth team?
A mutual fund is, in some ways,
like a baseball team.
Teams often can get
distracted by what’s going on
“off the field” as names,
strategies, managers and
owners change.
Ivy Large Cap Growth Fund:
constantly seeking to keep
our eyes on the ball.

2. The Ivy Large Cap Growth Fund carefully distinguishes between five
types of growth stocks because we believe that not all growth is equal.
● Speculative growth
● Accelerating growth
● Controlled growth
● Cyclical growth
● Asset growth
Growth investing: a long-term game
In both baseball and investing, achieving long-term results is often a
matter of small successes and consistency. At the Ivy Funds, we seek
to deliver both over time.
As with any mutual fund, investment return and principal value of an
investment will fluctuate, and shares, when redeemed, may be worth
more or less than their original cost.
Investors should consider the investment objectives, risks, charges
and expenses of a fund carefully before investing. For a prospectus
containing this and other information for the Ivy Funds, call your
financial advisor or visit us online at www.ivyfunds.com. Please read
the prospectus carefully before investing.
All Growth is Not Equal
Ivy Funds Distributor, Inc. TPC5224 (04/06)