Common use of Class Y Shares Clause in Contracts

Class Y Shares. All Funds except Ivy Managed International Opportunities Fund An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. All Classes-- Ivy Managed International Opportunities Fund No fee is charged to Ivy Managed International Opportunities Fund as compensation for services rendered under this Shareholder Servicing Agreement. These Funds do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.

Class Y Shares. All Funds except Ivy Managed International Opportunities Fund An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. All Classes-- Classes— Ivy Managed International Opportunities Fund No fee is charged to Ivy Managed International Opportunities Fund as compensation for services rendered under this Shareholder Servicing Agreement. These Funds do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.

Class Y Shares. All Funds except Ivy Managed International Opportunities Fund An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. All Classes-- Classes—Ivy Managed International Opportunities Fund No fee is charged to Ivy Managed International Opportunities Fund as compensation for services rendered under this Shareholder Servicing Agreement. These Funds do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.

Class Y Shares. All Funds except Ivy Managed International Opportunities Fund An amount payable on the first day of each month equal to 1/12 of .15 of 1% of the average daily net assets of the Class for the preceding month. All Classes-- Classes – Ivy Managed International Opportunities Fund and Xxx Xxxxxxxx Global Allocation Fund No fee is charged to Ivy Managed International Opportunities Fund and Xxx Xxxxxxxx Global Allocation Fund as compensation for services rendered under this Shareholder Servicing Agreement. These Funds classes do, however, reimburse any “out-of-pocket” expenses incurred by WRSCO in the performance of its duties under this Agreement.