Voya Emerging Markets Hard Currency Debt Fund
Emerging market opportunities without emerging market currency risk.
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.
The Fund seeks total return including capital appreciation and current income.
Portfolio Management Team
Voya Investments, LLC
Voya Investment Management Co. LLC
Matt Toms, CFA
Chief Investment Officer, Fixed Income
Years of Experience: 25
Years with Voya: 10
Jean-Dominique Butikofer, CFA
Head of Emerging Markets
Years of Experience: 23
Years with Voya: 5
Average Annual Total Returns %
As of January 31, 2019
As of December 31, 2018
|Most Recent Month End||YTD||1 YR||3 YR||5 YR||10 YR||Inception||Expense Ratios|
|Net Asset Value||+4.13||-1.79||+5.78||+4.83||—||+3.46||1.90%||1.15%|
|With Sales Charge||+1.53||-4.20||+4.90||+4.31||—||+3.05|
|Net Asset Value||-5.73||-5.73||+4.28||+3.87||—||+2.86||1.90%||1.15%|
|With Sales Charge||-8.13||-8.13||+3.42||+3.34||—||+2.44|
|JP Morgan Emerging Markets Bond Index - Global Diversified Index||+4.41||+0.01||+6.74||+5.85||—||+4.31||—||—|
|JP Morgan Emerging Markets Bond Index - Global Diversified Index||-4.26||-4.26||+5.15||+4.80||—||+3.66||—||—|
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.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment. Please see the Fund's prospectus for more information. The expense limits will continue through at least 2019-08-01. Expenses are being waived to the contractual cap.
Historical performance shown for Class A reflects the historical performance of Class P shares adjusted to reflect the higher expenses of Class A for periods prior to the inception date of Class A and is being shown in blue text. Historical performance of Class A shares likely would have been different based on differences in share class expense ratios.
The JP Morgan Emerging Markets Bond Index is an unmanaged index that tracks debt securities of emerging markets. Investors cannot invest directly in an index.
As of January 31, 2019
|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.
|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).
|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.
|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.
Calendar Year Returns %
Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.
Growth of a $10,000 Investment
For the period 08/01/2017 through 01/31/2019
Ending Value: $10,095.00
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.
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.