Form DEFA14A IVY FUNDS

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August 5, 2025 4:09 PM EDT

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SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No. __)

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ]	Preliminary Proxy Statement
[ ]	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[ ]	Definitive Proxy Statement
[X]	Definitive Additional Materials
[ ]	Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12

Delaware Group^® Adviser Funds

Delaware Group Cash Reserve

Delaware Group Equity Funds II

Delaware Group Equity Funds IV

Delaware Group Equity Funds V

Delaware Group Global & International Funds

Delaware Group Government Fund

Delaware Group Income Funds

Delaware Group Limited-Term Government Funds

Delaware Group State Tax-Free Income Trust

Delaware Group Tax-Free Fund

Delaware Pooled^® Trust

Delaware VIP^® Trust

Ivy Funds

Ivy Variable Insurance Portfolios

Voyageur Mutual Funds

Voyageur Mutual Funds II

Voyageur Tax Free Funds

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X]	No fee required.
[ ]	Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
	1.	Title of each class of securities to which transaction applies:
	2.	Aggregate number of securities to which transaction applies:
	3.	Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
	4.	Proposed maximum aggregate value of transaction:
	5.	Total fee paid:
[ ]	Fee paid previously with preliminary proxy materials.
[ ]	Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
	1.	Amount Previously Paid:
	2.	Form, Schedule or Registration Statement No.:
	3.	Filing Party:
	4.	Date Filed:

MACQUARIE FUNDS

Hi __________,

I’m reaching out to inform you of the types of shareholder communications and related timing that shareholders of the Macquarie Funds may have received regarding the upcoming Special Meeting of Shareholders.

Below are the details of the mailing(s):

[Endeavor letter

WHAT: an Endeavor letter, marked “Urgent Notice”, requesting shareholders to contact the indicated number. The Endeavor letter is the 3^rd letter in this SEC Letter Filing (filed with the SEC and public).

WHO: a targeted group of shareholders who have not yet voted and have greater than [x] shares.

WHEN: the mailing commenced [Date].]

[Mission letter

WHAT: a Mission letter, marked “Urgent Notice”, reminding Fund shareholders of the Special Shareholder Meeting and requesting them to vote their shares. The Mission letter is the 5^th letter in this SEC Letter Filing (filed with the SEC and public).

WHO: a targeted group of shareholders who have not yet voted and have greater than [x] shares.

WHEN: the mailing commenced [Date].]

[Mission letter DNC

WHAT: a Mission letter, marked “Important Notice”, reminding Fund shareholders of the Special Shareholder Meeting and requesting them to vote their shares. The Mission letter DNC is the 2^nd letter in this SEC Letter Filing (filed with the SEC and public).

WHO: a targeted group of shareholders who have not yet voted and have greater than [x] shares.

WHEN: the mailing commenced [Date].]

[Reminder Letter

WHAT: a Reminder letter reminding Fund shareholders of the Special Shareholder Meeting and requesting them to vote their shares. The Reminder letter is the 1^st letter in this SEC Letter Filing (filed with the SEC and public).

WHO: a targeted group of shareholders who have not yet voted and have greater than [x] shares.

WHEN: the mailing commenced [Date].]

Information for contacting the proxy solicitors to vote shares is included in these mailings. Solicitation will cease once the shareholder has voted. We ask that you please encourage your clients to read the proxy statement carefully and vote their shares.

Please reach out with any questions, and I would be happy to help.

Best regards,

[Name]

Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Investment advisory services are provided to the Macquarie Funds by Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment adviser. The Macquarie Funds are distributed by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA) and an affiliate of MIMBT

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this material is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The

obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

On April 21, 2025, Macquarie Group Limited and Nomura Holding America Inc. (Nomura) announced that they had entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business, which comprises Delaware Management Company, a series of Macquarie Investment Management Business Trust, and certain of its affiliates. The transaction is subject to customary closing conditions, including the receipt of applicable regulatory and shareholder approvals. Subject to such approvals and the satisfaction of these conditions, the transaction is expected to close by the end of 2025.