Voya GNMA Income Fund - Class A

Class A: LEXNX
Class C: LEGNX
Class I: LEINX
Class R6: VGMBX
Class W: IGMWX
For more information call 1 (800) 334-3444
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Voya GNMA Income Fund
Pursuing Income with U.S. Government Backing

One of the oldest funds to invest in GNMAs, historically the highest yielding security backed by the U.S. government.

Daily Prices

as of July 19, 2024

Net Asset Value (NAV)$7.34
% Change-0.27
$ Change-0.02
YTD Return0.69%

Product Facts

Ticker SymbolLEXNX
CUSIP92913L692
Inception DateAugust 17, 1973
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Primarily invests in GNMA securities with maturities in excess of one year and which have the same credit quality as U.S. Treasury securities, but higher yields to compensate for prepayment uncertainty
  • Seeks to deliver attractive income and returns by selecting GNMAs that can better withstand the impacts of changing interest rates and prepayment volatility
  • One of the oldest mortgage-backed securities funds and the one with the longest manager tenure

Investment Objective

The Fund seeks a high level of current income, consistent with liquidity and safety of principal, through investment primarily in Government National Mortgage Association (GNMA) mortgage-backed securities (also known as GNMA Certificates) that are guaranteed as to the timely payment of principal and interest by the U.S. Government. While the Fund invests in securities of this nature, its shares are not insured or guaranteed.

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-0.59+2.46-2.52-0.56+0.770.83%0.83%
With Sales Charge-3.07-0.12-3.34-1.07+0.52
Net Asset Value-0.59+2.46-2.52-0.56+0.770.83%0.83%
With Sales Charge-3.07-0.12-3.34-1.07+0.52
Bloomberg GNMA Index-1.01+2.22-2.50-0.66+0.83
Bloomberg GNMA Index-1.01+2.22-2.50-0.66+0.83

Inception Date - Class A:August 17, 1973

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.

3.22
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).

3.26
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.

3.42
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.

3.33

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.

-0.54-0.18-0.14
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.

0.910.910.91
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.

-0.020.11-0.08
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.

0.990.990.98
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.

-0.83-0.51-0.20
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.

7.155.604.17

Growth of a $10,000 Investment

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

Ending Value: $10,796.00

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.

$1,196.8
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

896
Duration years5.55
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.

9.20
Total

Top Issuers

as of June 30, 2024

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION73.49
FEDERAL NATIONAL MORTGAGE ASSOCIATION3.25
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_09-611.46
FEDERAL HOME LOAN MORTGAGE CORPORATION1.34
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_15-1431.12
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-431.08
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-2050.93
FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_43670.87
UNIFORM MBS0.84
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-10.80
Total#,###.2

Credit Quality

% of Total Investments as of June 30, 2024

Treasuries/Cash-27.02
AAA0.43
AA126.59
A0.00
BBB0.00
BB0.00
B0.00
<B0.00
Not Rated0.00
Total#,###.2

Maturity Details

% of Total Investments as of June 30, 2024

Cash-27.02
<1 Year0.61
1-3 Years8.99
3-5 Years10.15
5-7 Years28.81
7-10 Years72.98
10-20 Years4.82
>20 Years0.66
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

Overall3 Year5 Year10 Year
227 Funds227 Funds217 Funds176 Funds

Category: US Fund Intermediate Government

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$0.022452
Income Dividend05/31/2024$0.020460
Income Dividend04/30/2024$0.020460
Income Dividend03/28/2024$0.025661
Income Dividend02/29/2024$0.020300
Income Dividend01/31/2024$0.022630
Income Dividend12/29/2023$0.025281
Income Dividend11/30/2023$0.022470
Income Dividend10/31/2023$0.022475
Income Dividend09/29/2023$0.022400
Income Dividend08/31/2023$0.020313
Income Dividend07/31/2023$0.020441
Income Dividend06/30/2023$0.006186
Totals: $0.271530

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: Credit; Derivative Instruments; Environmental, Social, and Governance (Fixed Income); Interest Rate; Liquidity; Market Disruption and Geopolitical; Mortgage- and/or Asset-Backed Securities; Other Investment Companies; Prepayment and Extension; Repurchase Agreements; Securities Lending; U.S. Government Securities and Obligations; When-Issued, Delayed Delivery and Forward Commitment Transactions. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.

The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/. The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

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