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Fund Highlights

Experienced and Skilled Team

Experienced team with long industry tenure and extensive expertise managing the asset class represented in the strategy

Opportunity Identification and Implementation

Seeks to identify companies that benefit from positive sustainable change and combines fundamental analysis and thorough credit research to uncover compelling investment opportunities

Balance of Risk and Return

Diversified portfolio aims to minimize credit risk and benefit from positive convexity

High Income and Total Return Potential from a Consistent Investment Process and an Experienced Team

We seek to deliver consistent outperformance by combining fundamental analysis with rigorous credit research.

View important disclosure

Product Facts

Ticker SymbolVHYRX
CUSIP92913L528
Inception Date
Dividends PaidMonthly
  • Seeks to generate high income and total return with less interest rate sensitivity than core fixed income and lower volatility than stocks.
  • Invest in higher quality, high yield corporates; strategically allocate to convertible securities for an asymmetric return profile.
  • Fundamental analysis and credit research confirm upside participation and downside protection.

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

  • Seeks to generate high income and total return with less interest rate sensitivity than core fixed income and lower volatility than stocks.
  • Invest in higher quality, high yield corporates; strategically allocate to convertible securities for an asymmetric return profile.
  • Fundamental analysis and credit research confirm upside participation and downside protection.

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

Performance

Yields

As of August 31, 2026

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.

6.04
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).

6.04
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. This yield does not include the return of principal or other non-income sources.

5.59
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. This yield does not include the return of principal or other non-income sources.

5.59

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 09/30/2016 through 08/31/2026

Ending Value: $16,034.00

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.

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 09/30/2016 through 08/31/2026

Ending Value: $16,034.00

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.

Ratings

Morningstar™ Ratings

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

Distributions

Payment Frequency:

DistributionsEx-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.

Amount
$0.000000
Totals: $0.000000

Investment Team

View Fund Adviser/Sub Adviser

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, an Arizona limited liability company, serves as the investment adviser to the Fund. Voya Investments has overall responsibility for the management of the Fund. Voya Investments oversees all investment advisory and portfolio management services and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Fund, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. Voya Investments is registered with the SEC as an investment adviser. Voya Investments' principal office is located at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258.

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.

Insights

Article: Comprehensive Research, Broad Diversification
Portfolio Manager Commentary
Comprehensive Research, Broad Diversification

Total return approach, investing in below investment grade corporate securities.

June 30, 2026

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: Bank Instruments; Company; Credit; Credit Default Swaps; Currency; Derivative Instruments; Environmental, Social, and Governance (Fixed Income); Foreign (Non-U.S.) Investments/ Developing and Emerging Markets; High-Yield Securities; Interest in Loans; Interest Rate; Liquidity; Market; Market Capitalization; Market Disruption and Geopolitical; Other Investment Companies; Preferred Stocks; Prepayment and Extension; Securities Lending; U.S. Government Securities and Obligations; Zero-Coupon Bonds and Pay-In-Kind Securities. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.

The fund discussed may be available to you as part of your employer sponsored retirement plan. There may be additional plan level fees resulting in personal performance that varies from stated performance. Please call your benefits office for more information.

Diversification does not guarantee a profit or ensure against market loss.

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