diff --git a/ion/src/main/java/com/fasterxml/jackson/dataformat/ion/IonFactory.java b/ion/src/main/java/com/fasterxml/jackson/dataformat/ion/IonFactory.java
index 9b421897b..0c7843af8 100644
--- a/ion/src/main/java/com/fasterxml/jackson/dataformat/ion/IonFactory.java
+++ b/ion/src/main/java/com/fasterxml/jackson/dataformat/ion/IonFactory.java
@@ -360,14 +360,17 @@ protected JsonParser _createParser(InputStream in, IOContext ctxt)
         throws IOException
     {
         IonReader ion = _system.newReader(in);
-        return new IonParser(ion, _system, ctxt, getCodec(), _ionParserFeatures);
+        return new IonParser(ion, _system,
+                _createContext(_createContentReference(ion), true), getCodec(), _ionParserFeatures);
     }
 
     @Override
     protected JsonParser _createParser(Reader r, IOContext ctxt)
         throws IOException
     {
-        return new IonParser(_system.newReader(r), _system, ctxt, getCodec(), _ionParserFeatures);
+        IonReader ion = _system.newReader(r);
+        return new IonParser(ion, _system,
+                _createContext(_createContentReference(ion), true), getCodec(), _ionParserFeatures);
     }
 
     @Override
@@ -381,7 +384,9 @@ protected JsonParser _createParser(char[] data, int offset, int len, IOContext c
     protected JsonParser _createParser(byte[] data, int offset, int len, IOContext ctxt)
         throws IOException
     {
-        return new IonParser(_system.newReader(data, offset, len), _system, ctxt, getCodec(), _ionParserFeatures);
+        IonReader ion = _system.newReader(data, offset, len);
+        return new IonParser(ion, _system,
+                _createContext(_createContentReference(ion), true), getCodec(), _ionParserFeatures);
     }
 
     @Override
diff --git a/ion/src/test/java/com/fasterxml/jackson/dataformat/ion/IonFactoryTest.java b/ion/src/test/java/com/fasterxml/jackson/dataformat/ion/IonFactoryTest.java
new file mode 100644
index 000000000..ce3d70ee1
--- /dev/null
+++ b/ion/src/test/java/com/fasterxml/jackson/dataformat/ion/IonFactoryTest.java
@@ -0,0 +1,71 @@
+package com.fasterxml.jackson.dataformat.ion;
+
+import com.amazon.ion.IonReader;
+import com.fasterxml.jackson.core.JsonParser;
+import org.junit.Test;
+
+import java.io.ByteArrayInputStream;
+import java.io.StringReader;
+
+import static org.junit.Assert.assertEquals;
+import static org.junit.Assert.assertTrue;
+
+public class IonFactoryTest {
+
+    // 4-byte Ion 1.0 IVM followed by int 0.
+    private static final byte[] BINARY_INT_0 = new byte[] {(byte) 0xE0, 0x01, 0x00, (byte) 0xEA, 0x20};
+    private static final String TEXT_INT_0 = "0";
+
+    @Test
+    public void byteArrayIsManaged() throws Throwable {
+        assertResourceManaged(true, parser(f -> f.createParser(BINARY_INT_0)));
+    }
+
+    @Test
+    public void charArrayIsManaged() throws Throwable {
+        assertResourceManaged(true, parser(f -> f.createParser(TEXT_INT_0.toCharArray())));
+    }
+
+    @Test
+    public void readerIsManaged() throws Throwable {
+        assertResourceManaged(true, parser(f -> f.createParser(new StringReader(TEXT_INT_0))));
+    }
+
+    @Test
+    public void inputStreamIsManaged() throws Throwable {
+        assertResourceManaged(true, parser(f -> f.createParser(new ByteArrayInputStream(BINARY_INT_0))));
+    }
+
+    @Test
+    public void ionValueIsManaged() throws Throwable {
+        assertResourceManaged(true, parser(f -> f.createParser(f.getIonSystem().newInt(0))));
+    }
+
+    @Test
+    public void ionReaderIsNotManaged() throws Throwable {
+        // When the user provides an IonReader, it is not resource-managed, meaning that the user retains the
+        // responsibility to close it. In all other cases, the IonReader is created internally, is resource-managed,
+        // and is closed automatically in IonParser.close().
+        assertResourceManaged(false, parser(f -> f.createParser(f.getIonSystem().newReader(BINARY_INT_0))));
+    }
+
+    private void assertResourceManaged(boolean expectResourceManaged, ThrowingSupplier<IonParser> supplier)
+        throws Throwable {
+        IonParser parser = supplier.get();
+        assertEquals(expectResourceManaged, parser._ioContext.isResourceManaged());
+        assertTrue(IonReader.class.isAssignableFrom(parser._ioContext.contentReference().getRawContent().getClass()));
+        parser.close();
+    }
+
+    private interface ThrowingFunction<T, R> {
+        R apply(T t) throws Throwable;
+    }
+
+    private interface ThrowingSupplier<T> {
+        T get() throws Throwable;
+    }
+
+    private static ThrowingSupplier<IonParser> parser(ThrowingFunction<IonFactory, JsonParser> f) {
+        return () -> (IonParser) f.apply(new IonFactory());
+    }
+}