IGNAX : Ivy Natural Resources Fund Class A

Fund Summary

The investment seeks to provide capital growth and appreciation. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies with operations throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies. Under normal circumstances, the advisor anticipates that a significant portion of the fund's portfolio will consist of issuers in the energy and materials sectors. The fund is non-diversified.