Voya Credit Income Fund - Class A

Class A: XSIAX
Class C: XSICX
Class I: XSIIX
Class W: XSIWX
For more information call 1 (800) 334-3444
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Voya Credit Income Fund
Interval Fund can Maximize Benefits of Liquid and Illiquid Credit Assets

Interval structure reduces the need to hold cash in the fund, permits the use of leverage to potentially enhance yield and provides for orderly redemptions on a monthly basis at net asset value.

Daily Prices

as of July 19, 2024

Net Asset Value (NAV)$9.67
% Change-0.10
$ Change-0.01
YTD Return4.08%

Product Facts

Ticker SymbolXSIAX
CUSIP92913F109
Inception DateApril 2, 2001
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Interval fund designed to provide investors with a high level of monthly income
  • May invest across a broad range of credit sectors, including corporate debt securities, loans, high yield debt securities, and collateralized loan obligations (“CLOs”)
  • The Fund may invest in senior or subordinated instruments, including senior loans, second lien loans, middle market, unsecured debt, or special situations/distressed loans
  • At least 80% of the Fund’s net assets will be invested in floating-rate obligations, fixed income securities, and derivative instruments intended to provide exposure to such credit sectors
  • As a fundamental policy, which may not be changed without shareholder approval, the Fund offers shareholders the opportunity to redeem their Common Shares on a monthly basis

Investment Objective

The Fund seeks to provide investors with a high level of monthly income.

Limited Liquidity For Investors

The Fund does not repurchase its shares on a daily basis and no market for the Fund's Common Shares is expected to exist. To provide a measure of liquidity, the Fund will normally make monthly repurchase offers for not less than 5% of its outstanding Common Shares. If more than 5% of Common Shares are tendered for repurchase by investors, investors may not be able to completely liquidate their holdings in any one month. Shareholders also will not have liquidity between these monthly repurchase dates.

Performance

Average Annual Total Returns %

As of June 30, 2024

As of June 30, 2024

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
GrossNet
Net Asset Value+3.24+9.10+2.82+1.59+2.424.20%3.89%
With Sales Charge+0.66+6.34+1.96+1.07+2.17
Net Asset Value+3.24+9.10+2.82+1.59+2.424.20%3.89%
With Sales Charge+0.66+6.34+1.96+1.07+2.17
Morningstar LSTA US Leveraged Loan Index+4.40+11.11+6.14+5.53+4.60
50% Bloomberg High Yield Bond—2% Issuer Constrained Composite Index/ 50% Morningstar LSTA US Leveraged Loan Index+3.50+10.81+3.95+4.76+4.49
Morningstar LSTA US Leveraged Loan Index+4.40+11.11+6.14+5.53+4.60
50% Bloomberg High Yield Bond—2% Issuer Constrained Composite Index/ 50% Morningstar LSTA US Leveraged Loan Index+3.50+10.81+3.95+4.76+4.49

Inception Date - Class A:April 2, 2001

Current Maximum Sales Charge: 2.50%

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.

Yields

As of June 30, 2024

SEC 30-Day Yield (Unsubsidized)
SEC 30-Day Yield (Unsubsidized):

A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.

7.73
SEC 30-Day Yield (Subsidized)
SEC 30-Day Yield (Subsidized):

A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements).

8.01

Returns-Based Characteristics

As of June 30, 2024

3 Year5 Year10 Year
Alpha
Alpha:

A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta.

-1.00-3.53-2.40
Beta
Beta:

The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index.

0.911.291.19
Information Ratio
Information Ratio:

The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns.

-0.38-0.75-0.62
R2
R2:

The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification.

0.760.890.85
Sharpe Ratio
Sharpe Ratio:

A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance.

-0.10-0.070.10
Standard Deviation
Standard Deviation:

A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.

5.8710.678.00

Growth of a $10,000 Investment

For the period 07/31/2014 through 06/30/2024

Ending Value: $12,702.00

The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.

Portfolio

Portfolio Statistics

As of June 30, 2024

Net Assets millions
Net Assets:

The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.

$111.6
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

469
Borrowings$0.00
Number of Issuers393
Industries Represented60
Total Assets Under Management$111,690,874.1
Borrowings as % Of AUM0.00%
Avg. Investment as % of AUM0.25%
Total

Portfolio Composition

as of June 30, 2024

Senior Loans66.66
- First Lien65.96
- Second Lien0.70
- Secured66.66
- Unsecured0.00
High Yield Bonds49.63
Structured Products0.00
Cash & Other Net Assets*-18.81
Total#,###.2

Top Issuers

as of June 30, 2024

Acrisure, LLC1.11
OneDigital1.10
Ford Motor Credit Company LLC1.06
Charter Communications Operating, LLC0.98
Ultimate Kronos Group, Inc.0.95
AssuredPartners, Inc.0.92
TENET HEALTHCARE CORP0.75
WaterBridge Midstream Operating LLC0.75
DIRECTV0.73
Cotiviti (Verscend Technologies, Inc.)0.72
Total#,###.2

Credit Quality

% of Total Investments as of June 30, 2024

>=BBB2.98
BB33.35
B56.10
CCC3.42
<CCC0.00
Not Rated3.88
Total#,###.2

Sector Weightings*

% of Total Investments as of June 30, 2024

Software8.37
Oil, Gas & Consumable Fuels8.23
Hotels, Restaurants & Leisure8.04
Insurance6.31
Media4.99
Health Care Providers & Services4.94
Specialty Retail4.44
Chemicals4.24
Machinery4.13
Commercial Services & Supplies3.57
Total#,###.2

Top Country Weightings

% of Total Investments as of June 30, 2024

United States88.58
Canada4.02
United Kingdom2.18
Luxembourg1.04
Netherlands0.70
Liberia0.57
Panama0.57
Germany0.44
France0.44
Ireland0.39
Total#,###.2

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.

Ratings

Morningstar™ Ratings

As of June 30, 2024

No Morningstar™ ratings are currently available for this share class.

Distributions

Payment Frequency: Monthly

Ex-Date
Ex-Date:

Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.

Payable Date
Payable Date:

Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date
Record Date:

Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.

Amount
Income Dividend06/28/2024$0.075836
Income Dividend05/31/2024$0.068160
Income Dividend04/30/2024$0.071805
Income Dividend03/28/2024$0.094137
Income Dividend02/29/2024$0.069126
Income Dividend01/31/2024$0.072887
Income Dividend12/29/2023$0.079358
Income Dividend11/30/2023$0.066139
Income Dividend10/31/2023$0.064114
Income Dividend09/29/2023$0.070133
Income Dividend08/31/2023$0.067941
Income Dividend07/31/2023$0.067706
Income Dividend06/30/2023$0.018763
Totals: $0.886105

Investment Team

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Company; Covenant-Lite Loans; Credit; Credit Default Swaps; Credit Facility; Credit (Loans); Currency; Demand for Loans; Derivative Instruments; Duration; Floating Rate Loans; Foreign (Non-U.S.) Investments; Foreign (Non-U.S.) and Non-Canadian Issuers; High-Yield Securities; Interest in Loans; Interest Rate; Interest Rate for Floating Rate Loans; Leverage; London Inter-Bank Offered Rate; Limited Liquidity for Investors; Limited Secondary Market for Loans; Liquidity; Market; Market Disruption and Geopolitical; Other Investment Companies; Prepayment and Extension; Securities Lending; Special Situations; Temporary Defensive Positions; Valuation in Loans. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.

*Effective for all portfolio reporting as of April 30, 2022, the Global Industry Classification Standard (GICS®) industries are being shown, consistent with a change by S&P/Dow Jones Indices for determining industry designations for all Leveraged Loan Sector Indices. On March 17, 2023, the Global Industry Classification Standard (GICS®) announced revisions to the GICS structure in which certain level of classifications (industry group, industries, sub-industries) underwent changes to name and/or definition and some were discontinued altogether. The displayed industry breakdown reflects the new industry classifications.

 

"Cash and other net assets" includes cash, payables, receivables and all other assets and liabilities on the balance sheet.

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