Waddell & Reed Financial has launched an expanded Ivy Funds family following the completion of mergers of several Ivy Funds into similar W&R funds, a move approved by shareholders.

Under the new structure, five Ivy funds have been merged into W&R funds, and seven other Ivy funds remain unchanged. Two Ivy funds have been merged into the Waddell & Reed Advisors Funds and the W&R will remain unaffected and continue to operate as before.

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