Voya Investment Grade Credit Fund - Class A

Class A: VACFX
Class I: VIGCX
Class R6: VIGTX
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 December 12, 2018

Net Asset Value (NAV)$10.22
% Change+0.10
$ Change+0.01
YTD Return-4.03%

Product Facts

Ticker SymbolVACFX
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.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

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. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.
Anil Katarya

Anil Katarya, CFA

Portfolio Manager

Managed Fund since 2013

More Info
Anil Katarya is co-head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously, Anil was the head of credit portfolio management and also served as a portfolio manager and credit analyst on the investment grade team since joining Voya in 2000. Prior to joining the firm, Anil was a financial analyst for Mirant Inc. He received a BS in mechanical engineering from Kurukshetra University, India, and an MBA from Georgia State University. Anil holds the Chartered Financial Analyst® designation.
Travis King

Travis King, CFA

Portfolio Manager

Managed Fund since 2013

More Info
Travis King is co-head of investment grade credit at Voya Investment Management. Prior to joining the firm, he was a senior fixed income analyst with Reams Asset Management. Travis received a BBA from James Madison University and an MBA from Memorial University. He holds the Chartered Financial Analyst® designation.

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Average Annual Total Returns %

As of November 30, 2018

As of September 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
Net Asset Value-4.70-3.81+2.44+3.14+5.421.06%0.91%
With Sales Charge-7.07-6.26+1.59+2.62+5.15
Net Asset Value-2.72-1.54+3.69+3.99+5.431.06%0.91%
With Sales Charge-5.14-4.04+2.82+3.46+5.16
Bloomberg Barclays U.S. Agg Corporate Total Return Value Unhedged USD-3.92-3.04+2.49+2.94+6.46
Bloomberg Barclays U.S. Agg Corporate Total Return Value Unhedged USD-2.33-1.19+3.12+3.54+6.35

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.


As of November 30, 2018

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 08/03/2016 through 11/30/2018

Ending Value: $10,037.00

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 Statistics

As of November 30, 2018

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.

Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

Duration years6.98
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.


Portfolio Composition

as of November 30, 2018

Basic Industry3.56
Brokerage/Asset Managers/Exchanges0.26
Capital Goods1.47
Consumer Cyclical4.43
Consumer Non Cyclical11.97
Finance Companies1.11
Insurance 3.82
Natural Gas1.67

Top Issuers

as of November 30, 2018

AT&T INC2.21

Credit Quality

% of Total Investments as of November 30, 2018


Maturity Details

% of Total Investments as of November 30, 2018

<1 Year0.62
1-3 Years11.15
3-5 Years9.17
5-7 Years15.61
7-10 Years24.11
10-20 Years16.78
>20 Years20.70

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.



Payment Frequency: Monthly


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.

Income Dividend11/30/2018$0.028100
Income Dividend10/31/2018$0.029600
Income Dividend09/30/2018$0.027100
Income Dividend08/31/2018$0.028000
Income Dividend07/31/2018$0.027700
Income Dividend06/30/2018$0.025700
Income Dividend05/31/2018$0.026600
Income Dividend04/30/2018$0.026100
Income Dividend03/31/2018$0.027100
Income Dividend02/28/2018$0.024900
Income Dividend01/31/2018$0.027900
Income Dividend12/31/2017$0.028200
Long-Term Capital Gain12/15/201712/18/201712/14/2017$0.050300
Short-Term Capital Gain12/15/201712/18/201712/14/2017$0.175100
Income Dividend11/30/2017$0.025200
Totals: $0.577600


Morningstar™ Ratings

As of November 30, 2018

Overall3 Year5 Year10 Year
182 Funds182 Funds152 Funds82 Funds

Category: Fund Corporate Bond


Principal Risks

Investment 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.