Significant Event On September 13, 2021, the Board of Trustees (Board)] approved the appointment of the portfolio manager team of Adam H. Brown and John P. McCarthy of Delaware Management Company as new Fund portfolio managers that took effect on or about November 15, 2021.
Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.The investment return, price, yields, market value and net asset value (NAV) of a fund's shares will fluctuate with market conditions. Closed-end funds frequently trade at a discount to their NAV, which may increase an investor's risk of loss. At the time of sale, your shares may have a market price that is above or below NAV, and may be worth more or less than your original investment. There is no assurance that the Fund will meet its investment objective.
An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.
Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of Delaware Ivy High Income Opportunities Fund. To obtain the Fund’s most recent periodic reports and other regulatory filings, contact your financial professional or visit the Securities and Exchange Commission’s EDGAR Database. Read them carefully before investing.Operating History: The Fund is a newly organized, non-diversified, closed-end management investment company with little operating history. As a result, prospective investors have no track record or history on which to base their investment decision. The Adviser currently acts as an investment adviser for managed accounts and numerous open-end registered investment companies. The Fund has little history of public trading.
IBOR Transition Risk: IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance.
Natural Disaster/Epidemic Risk: Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Fund from executing advantageous investment decisions in a timely manner and could negatively impact the Fund’s ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Fund.
Fixed Income Instruments Risk: Fixed income securities are subject to interest rate risk and, as such, the net asset value of the Fund may fall as interest rates rise. Fixed income instruments may face a number of risks related to interest rates, credit quality, the market environment, payment, prepayment and spreads.
Below Investment Grade Instruments Risk: The Fund will invest primarily in a portfolio of below investment grade securities, which are regarded as having predominately speculative characteristics with respect to an issuer's capacity to pay interest and repay principal and are commonly referred to as "high yield" securities or "junk" bonds. Investing in these securities may carry a greater risk of nonpayment of interest or principal than higher-rated bonds.
Loan Risks: The Fund may invest in loans (including loan assignments, loan participations and other loan instruments), which may carry other risks including the risk of insolvency of the lending bank or other intermediary. Loans may be unsecured or not fully collateralized, may be subject to restrictions on resale and may trade infrequently on the secondary market.
Leverage Risk: The Fund's use of leverage may result in special risks and can magnify the effects of any losses. While leverage may result in a higher yield for the Funds, the use of leverage includes the potential for higher volatility of the NAV, fluctuations of dividends and other distributions paid by the Fund, the market price of the Fund's common stocks, higher investment advisory fees and increased operation costs, which may reduce total return.
Derivatives Risk: The Fund may enter into transactions in derivatives for investment, hedging or leverage purposes, with primary risks including the risk of loss of principal, high volatility, illiquid markets, counterparty risk, and credit risk.
Foreign Instruments Risk: The Fund may invest up to 100% of its Managed Assets in fixed income instruments and securities issued by foreign issuers. Such investments involve certain risks not involved in domestic investments and may experience more rapid and extremechanges in value than investments in securities of U.S. companies or in the U.S. government.
Market Discount Risk: Closed-end funds are not redeemable and generally trade in the secondary market. Shares of closed-end funds frequently trade at a discount to their net asset value, which creates risk of loss. This risk is greater for investors expecting to sell their sharesin a relatively short period after completion of the public offering.
The Fund is a closed-end exchange traded investment company. The material on this website is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares of closed-end funds are sold on the open market through a stock exchange. Investment policies, management fees, risks other than those mentioned above, and other matters of interest to prospective investors may be found in the closed-end fund prospectus used in its initial public offering. For additional information, contact the Delaware Ivy Funds Sales Desk at 1-877-693-3546.
Open-end funds are distributed by Delaware Distributors, L.P. (DDLP), an affiliate of Macquarie Investment Management Business Trust and Macquarie Group Limited. Macquarie Investment Management (MIM) is the marketing name for certain companies comprising the asset management division of Macquarie Group Limited and its subsidiaries and affiliates worldwide. DDLP does not currently act as distributor for the Delaware Ivy High Income Opportunities Fund.
The Morningstar High-Yield Bond Category compares funds that concentrate on lower-quality bonds, which offer higher yields than other types of portfolios but are also more vulnerable to economic and credit risk. These funds primarily invest in US high-income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.
Please remember that an investment in a mutual fund involves risk. Investment return and principal value of a mutual fund investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.
YTD Prices can be updated 3 to 4 hours after the Daily Pricing information which can result in mismatching data.