The Ivy Funds - Delaware Ivy High Income Opportunities Fund is a closed-end mutual fund specializing in fixed-income investments, overseen by Ivy Investment Management Company. It allocates capital to debt markets worldwide, aiming for broad exposure to various industries. Its primary holdings include high-yield corporate debt across different maturities, secured lending, and other corporate debt instruments. These investments are generally considered "junk bonds," meaning they are rated below investment grade – specifically, lower than Baa3 by Moody's or BBB- by S&P or Fitch. Established on May 29, 2013, the fund is based in the United States.