PAGE 1 000 A000000 03/31/2016 000 C000000 0001568292 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 Ivy High Income Opportunities Fund 001 B000000 811-22800 001 C000000 9132362000 002 A000000 6300 LAMAR AVENUE, P.O. BOX 29217 002 B000000 SHAWNEE MISSION 002 C000000 KS 002 D010000 66201 002 D020000 9217 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 008 A000001 IVY INVESTMENT MANAGEMENT COMPANY 008 B000001 A 008 C000001 801-61515 008 D010001 OVERLAND PARK 008 D020001 KS 008 D030001 66202 008 D040001 4200 010 A000001 WADDELL & REED SERVICES COMPANY 010 B000001 84-1062 010 C010001 OVERLAND PARK 010 C020001 KS 010 C030001 66202 010 C040001 4200 012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. 012 B000001 85-11340 012 C010001 PROVIDENCE 012 C020001 RI 012 C030001 02940 012 C040001 3078 013 A000001 DELOITTE & TOUCHE LLP 013 B010001 KANSAS CITY 013 B020001 MO 013 B030001 64106 013 B040001 2129 014 A000001 WADDELL & REED, INC. 014 B000001 8-27030 014 A000002 IVY DISTRIBUTORS, INC. 014 B000002 8-34046 PAGE 2 015 A000001 THE BANK OF NEW YORK MELLON 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 E010001 X 015 A000002 THE BANK OF NEW YORK MELLON 015 B000002 S 015 C010002 LONDON 015 D010002 UNITED KINGDOM 015 D020002 E14 5AL 015 E040002 X 015 A000003 CIBC MELLON TRUST COMPANY 015 B000003 S 015 C010003 TORONTO 015 D010003 CANADA 015 D020003 M5H 4A6 015 E040003 X 015 A000004 EUROCLEAR BANK 015 B000004 S 015 C010004 BRUSSELS 015 D010004 BELGIUM 015 D020004 B-1210 015 E040004 X 015 A000005 BNP PARIBAS SECURITIES SERVICES 015 B000005 S 015 C010005 PARIS 015 D010005 FRANCE 015 D020005 75002 015 E040005 X 015 A000006 THE BANK OF NEW YORK MELLON SA/NV 015 B000006 S 015 C010006 FRANKFURT AM MAIN 015 D010006 GERMANY 015 D020006 60327 015 E040006 X 015 A000007 HSBC LTD. 015 B000007 S 015 C010007 KOWLOON 015 D010007 HONG KONG 015 E040007 X 015 A000008 MIZUHO BANK, LTD. 015 B000008 S 015 C010008 TOKYO 015 D010008 JAPAN 015 D020008 100-8210 015 E040008 X 015 A000009 THE BANK OF NEW YORK MELLON 015 B000009 S 015 C010009 NEW YORK 015 C020009 NY PAGE 3 015 C030009 10286 015 E040009 X 018 000000 Y 019 A000000 Y 019 B000000 38 019 C000000 IVYFAMILY1 021 000000 0 022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 022 B000001 13-5674085 022 C000001 320547 022 D000001 6807 022 A000002 CITIGROUP GLOBAL MARKETS INC. 022 B000002 11-2818191 022 C000002 308920 022 D000002 0 022 A000003 WELLS FARGO SECURITIES, LLC 022 B000003 94-3379992 022 C000003 159173 022 D000003 2156 022 A000004 GOLDMAN, SACHS & CO. 022 B000004 13-5108880 022 C000004 130077 022 D000004 4614 022 A000005 MIZUHO SECURITIES USA INC. 022 B000005 36-2880742 022 C000005 98292 022 D000005 0 022 A000006 J.P. MORGAN SECURITIES INC. 022 B000006 13-3112953 022 C000006 74841 022 D000006 6577 022 A000007 CREDIT SUISSE 022 B000007 13-5659485 022 C000007 28880 022 D000007 6585 022 A000008 SUNTRUST ROBINSON HUMPHREY, INC. 022 B000008 62-0871146 022 C000008 34075 022 D000008 0 022 A000009 BARCLAYS CAPITAL INC. 022 B000009 06-1031656 022 C000009 18882 022 D000009 11788 022 A000010 WADDELL & REED, INC. 022 B000010 43-1235675 022 C000010 14911 022 D000010 11199 023 C000000 1280718 023 D000000 94805 024 000000 N 026 A000000 N PAGE 4 026 B000000 Y 026 C000000 Y 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 Y 027 000000 N 045 000000 Y 046 000000 N 047 000000 Y 048 000000 1.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 N 054 A000000 Y 054 B000000 N 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 Y 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 N 060 B000000 N 061 000000 0 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 1.0 PAGE 5 062 J000000 2.3 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 138.3 062 Q000000 0.0 062 R000000 -41.6 063 B000000 5.0 064 A000000 Y 064 B000000 Y 065 000000 N 066 A000000 N 066 B000000 066 C000000 066 D000000 066 E000000 066 F000000 066 G000000 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 N 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 N 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 N 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 N 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y PAGE 6 070 N020000 N 070 O010000 Y 070 O020000 Y 070 P010000 Y 070 P020000 Y 070 Q010000 Y 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 65886 071 B000000 85772 071 C000000 337625 071 D000000 20 072 A000000 6 072 B000000 15689 072 C000000 0 072 D000000 0 072 E000000 0 072 F000000 1785 072 G000000 54 072 H000000 1 072 I000000 17 072 J000000 5 072 K000000 0 072 L000000 0 072 M000000 3 072 N000000 0 072 O000000 0 072 P000000 630 072 Q000000 0 072 R000000 39 072 S000000 1 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 16 072 X000000 2551 072 Y000000 0 072 Z000000 13138 072AA000000 0 072BB000000 20178 072CC010000 0 072CC020000 1212 072DD010000 14115 072EE000000 0 073 A010000 0.8520 073 B000000 0.0000 073 C000000 0.0000 074 A000000 981 074 B000000 0 074 C000000 7847 PAGE 7 074 D000000 326396 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 1606 074 K000000 0 074 L000000 6873 074 M000000 1 074 N000000 343704 074 O000000 3116 074 P000000 24 074 R030000 0 074 R040000 104558 074 T000000 236006 074 U010000 16567 074 V010000 14.25 074 X000000 5 075 A000000 0 075 B000000 241733 076 000000 12.73 077 A000000 N 077 B000000 077 C000000 077 D000000 077 E000000 077 F000000 077 G000000 077 H000000 077 I000000 077 J000000 077 K000000 077 L000000 077 M000000 077 N000000 077 O000000 077 P000000 077 Q010000 077 Q020000 077 Q030000 078 000000 N 080 C000000 0 081 B000000 0 082 B000000 0 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 PAGE 8 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON SHARES 087 A020000 465893105 087 A030000 IVH 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE Joseph W. Kauten TITLE Sr. V.P. & Treasurer