Voya Emerging Markets Hard Currency Debt Fund - Class A

Class A: VMHAX
Class I: VEMHX
Class P: IHCSX
Class W: VEMWX
For more information call 1 (800) 334-3444
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Voya Emerging Markets Hard Currency Debt Fund

Emerging market opportunities without emerging market currency risk.

Daily Prices

as of December 12, 2018

Net Asset Value (NAV)$8.99
% Change+0.33
$ Change+0.03
YTD Return-6.03%

Product Facts

Ticker SymbolVMHAX
CUSIP92913M336
Inception DateAugust 1, 2017
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Invests up to 80% in debt instruments of emerging market countries denominated in U.S. Dollar and other foreign hard currencies.
  • The Fund provides exposure to emerging market debt without currency risk of emerging markets.
  • The Fund may invest in a range of fixed-income and floating rate debt instruments of issuers in emerging markets countries, including sovereign and corporate debt, through direct investment as well as investment in a combination of other Voya funds.

Investment Objective

The Fund seeks total return including capital appreciation and current income.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.
Jean-Dominique Butikofer

Jean-Dominique Butikofer, CFA

Portfolio Manager

Managed Fund since 2014

More Info
Jean-Dominique (JD) Bütikofer is the head of emerging markets (EM) for the fixed income team at Voya Investment Management, responsible for directing the investment strategy for the emerging market group, including EM sovereign and corporate and debt, EM macro analysis, country research, sovereign risk, currencies, local rates and asset allocation across sub-asset classes. Prior to joining the firm, JD was head of emerging markets at Union Bancaire Privée in Zürich, responsible for the EM macro and country analysis, sovereign risk and local fixed income markets including EM currencies. Previously, he served as a senior EM fund manager and head of EM for Julius Baer Asset Management after beginning his investment career with Union Bank of Switzerland (UBS). JD received a BA in economic sciences with a specialization in finance and an MSc in political economy from the University of Neuchâtel, Faculty of Economics, Politics and Social Sciences in Switzerland. He holds the Chartered Financial Analyst® designation and is proficient in German, French and Spanish.
Matt Toms

Matt Toms, CFA

Portfolio Manager

Managed Fund since 2013

More Info
Matt Toms is chief investment officer of fixed income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals. Before becoming CIO, Matt was head of public fixed income at Voya Investment Management, overseeing the investment teams responsible for investment grade corporate, high yield corporate, structured products, mortgage-backed securities, emerging market debt and money market strategies for Voya’s general account and third-party business. In this capacity, Matt led the fixed income investment strategy and portfolio management process in close partnership with Christine Hurtsellers, former CIO of fixed income and now chief executive officer of Voya Investment Management; he also served as a lead portfolio manager on many of Voya's multi-sector fixed income strategies. Prior to joining the firm, Matt worked with Calamos Investments, where he established and grew their fixed income business. He also has prior experience with Northern Trust and Lincoln National within both public and private corporate markets as well as across multi-sector and global bond portfolio management. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of November 30, 2018

As of September 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
GrossNet
Net Asset Value-7.20-6.79+3.15+3.67+2.641.90%1.15%
With Sales Charge-9.57-9.08+2.27+3.15+2.22
Net Asset Value-4.33-3.34+5.35+4.52+3.221.90%1.15%
With Sales Charge-6.76-5.80+4.46+3.99+2.79
JP Morgan Emerging Markets Bond Index - Global Diversified Index-5.53-4.84+4.20+4.62+3.49
JP Morgan Emerging Markets Bond Index - Global Diversified Index-3.04-1.92+6.04+5.38+4.03

Inception Date - Class A:August 1, 2017

Inception Date - Class P:August 9, 2012

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 November 30, 2018

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.

4.44
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).

5.09
Distribution Yield @ NAV
Distribution Yield @ NAV:

Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value.

4.13
Distribution Yield @ MOP
Distribution Yield @ MOP:

Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price.

4.03

Growth of a $10,000 Investment

For the period 08/01/2017 through 11/30/2018

Ending Value: $9,543.00

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 November 30, 2018

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.

$167.2
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

171
Duration years5.36
Weighted Average Life years
Weighted Average Life:

The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.

10.51
Total

Portfolio Composition

as of November 30, 2018

Emerging Markets93.25
US Treasury & Cash6.75
Total#,###.2

Top Issuers

as of November 30, 2018

ARGENTINA REPUBLIC OF GOVERNME4.43
PETROLEOS MEXICANOS4.02
TURKEY (REPUBLIC OF)3.71
PANAMA REPUBLIC OF (GOVERNMENT2.96
COLOMBIA (REPUBLIC OF)2.58
INDONESIA (REPUBLIC OF)2.37
UKRAINE REPUBLIC OF (GOVERNMEN2.33
RUSSIAN FEDERATION2.31
ECUADOR REPUBLIC OF (GOVERNMEN2.18
LEBANON (REPUBLIC OF)2.15
Total#,###.2

Credit Quality

% of Total Investments as of November 30, 2018

A6.43
BBB41.24
BB20.80
B23.92
<B0.76
Not Rated0.10
Treasuries/Cash6.75
Total#,###.2

Top Country Weightings

% of Total Investments as of November 30, 2018

Mexico8.87
Indonesia7.31
Brazil5.15
Chile4.90
Argentina4.75
Russia4.55
Turkey4.11
Dominican Republic3.89
Panama3.83
Kazakstan3.76
Total#,###.2

Maturity Details

% of Total Investments as of November 30, 2018

Cash6.74
<1 Year0.59
1-3 Years4.83
3-5 Years15.23
5-7 Years10.88
7-10 Years35.89
10-20 Years8.99
>20 Years16.85
Total#,###.2

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

Distributions

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 Dividend11/30/2018$0.030200
Income Dividend10/31/2018$0.032300
Income Dividend09/30/2018$0.031300
Income Dividend08/31/2018$0.032400
Income Dividend07/31/2018$0.032000
Income Dividend06/30/2018$0.031500
Income Dividend05/31/2018$0.033100
Income Dividend04/30/2018$0.032100
Income Dividend03/31/2018$0.033700
Income Dividend02/28/2018$0.030900
Income Dividend01/31/2018$0.034600
Income Dividend12/31/2017$0.034400
Income Dividend11/30/2017$0.033000
Totals: $0.421500

Ratings

Morningstar™ Ratings

As of November 30, 2018

Overall3 Year5 Year10 Year
230 Funds230 Funds171 FundsN/A

Category: Fund Emerging Markets Bond

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market securities may be especially volatile. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. The Fund is subject to both Credit and Interest Rate Risk. The Fund's share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit Risk refers to the bond issuers and senior loan issuers ability to make timely payments of principal and interest. High-Yield Securities, or “junk bonds”, are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. To the extent that the Fund invests in Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. Other risks of the Fund include but are not limited to: Borrowing/Leverage Risks; Debt Securities Risk; Non-Diversification Risks; Other Investment Companies' Risks; Price Volatility Risks; Inability to Sell Securities Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.