William M. Nelson graduated in 1982 with a BS in business administration from Bucknell University in Lewisburg, PA. He earned an MBA in finance and marketing from the University of Connecticut in 1986. He was previously affiliated with Xerox Credit Corporation in Stamford, CT from 1988 through 1994 in Corporate Finance. He held positions as an investment analyst, and beginning in 1991 as investment manager of a high-yield portfolio. Prior to 1988, he was a telecommunications marketing consultant to IBM Corporation in White Plains, N.Y. Mr. Nelson joined Waddell & Reed in January 1995 as a fixed-income investment analyst specializing in high-yield securities. He was named portfolio manager of the Ivy High Income Fund and the Ivy High Income Opportunities Fund (IVH) in November 2013.

John P. McCarthy is a senior portfolio manager for Delaware Management Company's high yield strategies, a role he assumed in July 2016. He is also co-head of credit research on the firm’s taxable fixed income team. McCarthy rejoined Delaware Investments in March 2007 as a senior research analyst after he worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader, and from 2001 to 2002 as a municipal bond trader. Prior to rejoining Delaware Investments, he was a senior high yield analyst/trader at Chartwell Investment Partners. McCarthy earned a bachelor’s degree in business administration from Babson College, and he is a member of the CFA Society of Philadelphia.

Adam H. Brown, CFA , is a senior portfolio manager on the Macquarie Investment Management Business Trust. He manages the bank loan portfolios and is a co-portfolio manager for the high yield, fixed rate multisector, and core plus strategies. Brown joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in April 2011 as part of the firm’s integration of Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was a co-portfolio manager on four collateralized loan obligations (CLOs) and a senior research analyst supporting noninvestment grade portfolios. Before that, Brown was with the predecessor of Wells Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and corporate issuers. He earned a bachelor’s degree in accounting from the University of Florida and an MBA from the A.B. Freeman School of Business at Tulane University.