Voya Floating Rate Fund - Class A

Class A: IFRAX
Class C: IFRCX
Class I: IFRIX
Class R: IFRRX
Class W: IFRWX
For more information call 1 (800) 334-3444
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Voya Floating Rate Fund

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

Daily Prices

as of May 23, 2024

Net Asset Value (NAV)$8.26
% Change0.00
$ Change0.00
YTD Return3.63%
* Diversification does not ensure a profit or may not protect against loss in a declining market.

Product Facts

Ticker SymbolIFRAX
CUSIP92913L791
Inception DateAugust 17, 2010
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Designed to provide investors with a high level of monthly income
  • Invests in ultra-short duration, below investment grade floating rate loans that reset every 30, 60 or 90 days, making the fund less affected by rising interest rates than many other fixed income funds
  • Typically invests in senior secured asset-backed loans that are generally first in line to be repaid in the event of financial difficulty
  • Allows for daily redemptions

Investment Objective

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

Performance

Average Annual Total Returns %

As of April 30, 2024

As of March 31, 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+2.97+9.76+3.51+2.33+2.701.26%1.04%
With Sales Charge+0.43+7.04+2.65+1.81+2.44
Net Asset Value+2.45+9.94+3.50+2.55+2.631.26%1.04%
With Sales Charge-0.08+7.23+2.64+2.02+2.38
Morningstar LSTA US Leveraged Loan Index+3.07+11.97+6.02+5.26+4.60
Morningstar LSTA US Leveraged Loan Index+2.46+12.47+5.99+5.48+4.55

Inception Date - Class A:August 17, 2010

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 April 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.

7.77
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).

8.00
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.

12.13
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.

11.83

Returns-Based Characteristics

As of April 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.

-2.41-2.95-1.88
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.

1.001.051.02
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.

-2.39-2.67-1.98
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.

0.920.980.97
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.

0.100.020.21
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.

4.007.545.62

Growth of a $10,000 Investment

For the period 05/31/2014 through 04/30/2024

Ending Value: $13,048.00

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 April 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.

$229.0
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

405
Number of Issuers342
Industries Represented54
Total Assets Under Management$229,009,529.1
Avg. Investment669,618.51
Avg. Investment as % of AUM0.29%
Total

Portfolio Composition

as of April 30, 2024

Senior Loans98.55
- First Lien97.89
- Second Lien0.66
- Secured98.55
- Unsecured0.00
High Yield Bonds4.83
Structured Products0.00
Cash & Other Net Assets*-3.37
Total#,###.2

Top Issuers

as of April 30, 2024

Cotiviti (Verscend Technologies, Inc.)1.02
Greeneden U.S. Holdings II, L.L.C.0.83
Acrisure, LLC0.76
American Airlines, Inc.0.76
Peraton0.75
Ultimate Kronos Group, Inc.0.75
AssuredPartners, Inc.0.73
Great Outdoors Group, LLC0.72
Hub International Limited0.71
Medline Industries Inc.0.65
Total#,###.2

Credit Quality

% of Total Investments as of April 30, 2024

>=BBB1.47
BB24.95
B68.38
CCC1.91
<CCC0.10
Not Rated2.99
Total#,###.2

Top Industry*

% of Total Investments as of April 30, 2024

Software10.53
Hotels, Restaurants & Leisure6.07
Insurance6.00
Machinery5.28
Health Care Providers & Services4.20
Specialty Retail3.65
Oil, Gas & Consumable Fuels3.52
Media3.52
IT Services3.49
Commercial Services & Supplies3.35
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 April 30, 2024

Overall3 Year5 Year10 Year
212 Funds212 Funds205 Funds167 Funds

Category: US Fund Bank Loan

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 Dividend04/30/2024$0.082438
Income Dividend03/28/2024$0.088662
Income Dividend02/29/2024$0.065348
Income Dividend01/31/2024$0.069845
Income Dividend12/29/2023$0.076607
Income Dividend11/30/2023$0.065198
Income Dividend10/31/2023$0.062614
Income Dividend09/29/2023$0.066969
Income Dividend08/31/2023$0.064877
Income Dividend07/31/2023$0.064574
Income Dividend06/30/2023$0.059961
Income Dividend05/31/2023$0.061945
Income Dividend04/28/2023$0.011301
Totals: $0.840338

Investment Team

Disclosures

Principal Risks

The Fund invests primarily in below investment grade, floating rate senior loans (also known as "high yield" or "junk" instruments), which are subject to greater levels of liquidity, credit, and other risks than are investment grade instruments. There is a limited secondary market for floating rate loans, which may limit the Fund’s ability to sell a loan in a timely fashion or at a favorable price. If a loan is illiquid, the value of the loan may be negatively impacted and the manager may not be able to sell the loan in order to meet redemption needs or other portfolio cash requirements. The value of loans in the Fund could be negatively impacted by adverse economic or market conditions and by the failure of borrowers to repay principal or interest. A decrease in demand for loans may adversely affect the value of the Fund’s investments, causing the Fund’s net asset value to fall. Because of the limited market for floating rate senior loans, it may be difficult to value loans in the Fund on a daily basis. The actual price the Fund receives upon the sale of a loan could differ significantly from the value assigned to it in the Fund. The Fund may invest in foreign instruments, which may present increased market, liquidity, currency, interest rate, political, information, and other risks. These risks may be greater in the case of emerging market loans. Although interest rates for floating rate senior loans typically reset periodically, changes in market interest rates may impact the valuation of loans in the portfolio. In the case of early prepayment of loans in the Fund, the Fund may realize proceeds from the repayment that are less than the valuation assigned to the loan by the Fund. In the case of extensions of payment periods by borrowers on loans in the Fund, the valuation of the loans may be reduced. The Fund may also invest in other investment companies and will pay a proportional share of the expenses of the other investment company. Other risks of the Fund include but are not limited to: Borrowings; Diversification Risks; and Concentration Risks. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risk.

*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.

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