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 March 22, 2023

Net Asset Value (NAV)$9.18
% Change+1.10
$ Change+0.10
YTD Return3.51%

The Voya Investment Grade Credit Fund Offers

Experienced, Consistent Team

Dedicated team with long tenure at Voya creates consistency and stability in process

Advantaged Security Selection

Active management style to leverage both strategic and tactical opportunities

Genuine IG Allocation

Investment-grade "pure" strategy provides investors with direct U.S. investment grade credit exposure

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.

My Representatives

Contact your Voya Representative to gain access to program materials.

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of February 28, 2023

As of December 31, 2022

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+1.05-11.43-3.65+1.06+2.361.06%0.90%
With Sales Charge-1.49-13.66-4.44+0.56+2.11
Net Asset Value-17.26-17.26-2.90+0.34+2.241.06%0.90%
With Sales Charge-19.29-19.29-3.73-0.17+1.98
Bloomberg U.S. Corporate Bond Index+0.70-10.43-3.83+1.12+2.04
Bloomberg U.S. Corporate Bond Index-15.76-15.76-2.88+0.45+1.96

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 February 28, 2023

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.

4.27
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).

4.41
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.

3.83
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.

3.74

Returns-Based Characteristics

As of February 28, 2023

3 Year5 Year10 Year
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.

10.368.59
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.

1.061.05
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
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.

0.50-0.02
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.

-0.390.01
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.

0.20-0.06

Growth of a $10,000 Investment

For the period 08/03/2016 through 02/28/2023

Ending Value: $10,822.00

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 February 28, 2023

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.

$267.1
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

793
Duration years7.12
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.

12.06
Total

Top Issuers

as of February 28, 2023

MORGAN STANLEY4.53
BANK OF AMERICA CORP4.25
JPMORGAN CHASE & CO3.61
ORACLE CORPORATION1.53
VERIZON COMMUNICATIONS INC1.36
NEXTERA ENERGY CAPITAL HOLDING1.27
AMGEN INC1.24
T-MOBILE USA INC1.07
COMCAST CORPORATION1.04
ABBVIE INC0.98
Total#,###.2

Credit Quality

% of Total Investments as of February 28, 2023

Treasuries/Cash4.31
AAA0.86
AA3.49
A41.15
BBB48.14
BB2.14
B0.00
<B0.00
Not Rated-0.09
Total#,###.2

Top Industry

% of Total Investments as of February 28, 2023

Banking22.42
Consumer Non Cyclical12.21
Electric11.67
Communications9.36
Technology8.69
Energy7.15
Insurance 5.56
Treasuries/Cash4.31
Capital Goods4.07
Consumer Cyclical3.33
Total#,###.2

Maturity Details

% of Total Investments as of February 28, 2023

Cash0.95
<1 Year1.99
1-3 Years10.17
3-5 Years16.67
5-7 Years9.22
7-10 Years24.24
10-20 Years13.89
>20 Years22.88
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 February 28, 2023

Overall3 Year5 Year10 Year
192 Funds192 Funds170 Funds100 Funds

Category: 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 Dividend02/28/2023$0.026400
Income Dividend01/31/2023$0.028100
Income Dividend12/31/2022$0.035200
Income Dividend11/30/2022$0.028900
Income Dividend10/31/2022$0.023400
Income Dividend09/30/2022$0.024800
Income Dividend08/31/2022$0.026000
Income Dividend07/31/2022$0.021900
Income Dividend06/30/2022$0.021900
Income Dividend05/31/2022$0.022600
Income Dividend04/30/2022$0.013100
Income Dividend03/31/2022$0.013900
Income Dividend02/28/2022$0.012900
Totals: $0.299100

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.
Anil Katarya

Anil Katarya, CFA

Global Head of Investment Grade Credit

Years of Experience: 25

Years with Voya: 23

Anil Katarya is global head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously at Voya, Anil was the head of credit portfolio management and served as a portfolio manager and credit analyst on the investment grade team. Prior to joining Voya, Anil was a financial analyst for Mirant Inc. He earned an MBA from Georgia State University and a BS in mechanical engineering from Kurukshetra University, India. He is a CFA® Charterholder.
Travis King

Travis King, CFA

Head of U.S. Investment Grade Corporates

Years of Experience: 25

Years with Voya: 18

Travis King is head of U.S. investment grade corporates at Voya Investment Management. Prior to joining Voya, he was a senior fixed income analyst with Reams Asset Management. Travis earned an MBA from Memorial University, Canada and a BBA from James Madison University. He is a CFA® Charterholder.

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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