Delaware Ivy High Yield Fund Class I NMFQS:IPNIX

The fund seeks to achieve its objective by investing primarily in a diversified portfolio of high-yield, lower-quality fixed-income securities of U.S. and foreign issuers, the risks of which are, in the judgment of the manager, consistent with the fund's investment objective. Under normal circumstances, it invests at least 80% of its net assets in non-investment grade debt securities, commonly called "high yield" or "junk" bonds. The fund may invest up to 100% of its total assets in non-investment grade debt securities.