Voya Investment Grade Credit Fund - Class A

Class A: VACFX
Class I: VIGCX
Class R6: VIGTX
Class SMA: ISCFX
Class W: VIGWX
For more information call 1 (800) 334-3444
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Voya Investment Grade Credit Fund

Seeks income diversification without decreasing overall credit ratings.

Daily Prices

as of May 23, 2024

Net Asset Value (NAV)$9.01
% Change-0.44
$ Change-0.04
YTD Return-0.94%

Product Facts

Ticker SymbolVACFX
CUSIP92913M484
Inception DateAugust 3, 2016
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in investment-grade fixed-income securities.

Investment Objective

The Fund seeks to maximize total return. Total return is a combination of income and capital appreciation.

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-2.65+0.86-3.79+0.90+2.250.98%0.90%
With Sales Charge-5.12-1.70-4.61+0.40+1.99
Net Asset Value-0.18+4.14-2.63+1.54+2.650.98%0.90%
With Sales Charge-2.71+1.49-3.44+1.03+2.38
Bloomberg U.S. Corporate Bond Index-2.93+1.00-3.07+0.89+2.23
Bloomberg U.S. Corporate Bond Index-0.40+4.43-1.87+1.52+2.61

Inception Date - Class A:August 3, 2016

Inception Date - Class SMA:June 8, 2007

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.

4.26
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).

4.83
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.

4.69
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.

4.57

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.

-0.610.08
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.

1.021.04
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.

-1.290.01
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.

1.000.99
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.

-0.73-0.14
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.

9.519.33

Growth of a $10,000 Investment

For the period 08/03/2016 through 04/30/2024

Ending Value: $11,273.00

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.

$59.1
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

778
Duration years6.81
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.

11.91
Total

Top Issuers

as of April 30, 2024

JPMORGAN CHASE & CO3.90
BANK OF AMERICA CORP2.73
MORGAN STANLEY2.40
GOLDMAN SACHS GROUP INC/THE1.44
UBS GROUP AG1.38
EVERSOURCE ENERGY1.12
ORACLE CORPORATION1.10
ABBVIE INC1.07
AMERICAN INTERNATIONAL GROUP INC1.07
WARNER BROS DISCOVERY INC1.03
Total#,###.2

Credit Quality

% of Total Investments as of April 30, 2024

Treasuries/Cash5.15
AAA0.26
AA2.61
A39.65
BBB51.39
BB0.93
B0.00
<B0.00
Not Rated0.00
Total#,###.2

Top Industry

% of Total Investments as of April 30, 2024

Financial 32.55
Consumer Non-Cyclical 11.00
Utilities 10.62
Communications 8.83
Technology 7.98
Energy 6.33
Capital Goods 6.08
US Treasury & Cash5.15
Consumer Cyclical 3.96
Transportation 3.77
Basic Industry 2.21
HY Corporates0.93
Other Industry 0.55
Emerging Markets0.05
Total#,###.2

Maturity Details

% of Total Investments as of April 30, 2024

Cash1.20
<1 Year2.15
1-3 Years8.56
3-5 Years17.50
5-7 Years10.38
7-10 Years28.94
10-20 Years12.05
>20 Years19.21
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
177 Funds177 Funds162 Funds99 Funds

Category: US Fund Corporate Bond

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$0.034230
Income Dividend03/28/2024$0.041759
Income Dividend02/29/2024$0.019285
Income Dividend01/31/2024$0.021824
Income Dividend12/29/2023$0.062569
Income Dividend11/30/2023$0.050820
Income Dividend10/31/2023$0.035495
Income Dividend09/29/2023$0.035360
Income Dividend08/31/2023$0.032778
Income Dividend07/31/2023$0.032643
Income Dividend06/30/2023$0.031590
Income Dividend05/31/2023$0.032736
Income Dividend04/28/2023$0.004888
Totals: $0.435978

Investment Team

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. 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- and/or Asset-Backed Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. U.S. Government Securities and Obligations are subject to market and interest rate risk, and may be subject to varying degrees of credit risk. 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. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Convertible Securities are securities that are convertible into or exercisable for common stocks at a stated price or rate. The Fund may enter into Credit Default Swaps, either as a buyer or a seller of the swap. A buyer of a swap pays a fee to buy protection against the risk that a security will default. As Interest Rates rise, bond prices fall, reducing the value of the Fund's share price. Bank instruments include certificates of deposit, fixed time deposits, bankers' acceptances, and other debt and deposit-type obligations issued by banks. Changes in economic, regulatory or political conditions, or other events that affect the banking industry may have an adverse effect on bank instruments or banking institutions that serve as counterparties in transactions with the Fund. Other risks of the Fund include but are not limited to: Credit; Interest Rate; Investment Model; Liquidity; Municipal Securities; Currency; Company; Concentration; Market; Market Capitalization; Other Investment Companies'; Prepayment and Extension; Real Estate Companies and Real Estate Investment Trusts ("REITs"); Repurchase Agreements; Sovereign Debt; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

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