Voya Senior Income Fund - Closed-End Interval Fund - Class A

Class A: XSIAX
Class C: XSICX
Class I: XSIIX
Class W: XSIWX
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Voya Senior Income Fund - Closed-End Interval Fund

Interval Fund can Maximize Benefits of Senior Loans

Interval structure reduces the need to hold cash in the fund, permits the use of leverage to potentially enhance yield and provides for orderly redemptions on a monthly basis at net asset value.

Daily Prices

as of September 24, 2021

Net Asset Value (NAV)$10.00
% Change0.00
$ Change0.00
YTD Return5.00%

The Voya Senior Income Fund - Closed-End Interval Fund Offers

Risk-Adjusted Approach

Loss Avoidance Driven by Rigorous Credit Underwriting

Emphasis on Diversification and Liquidity

Product Facts

Ticker SymbolXSIAX
CUSIP92913F109
Inception DateApril 2, 2001
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Interval fund designed to provide investors with a high level of monthly income
  • Invests in ultra-short duration floating rate loans that reset every 30, 60 or 90 days, making the Fund less affected by rising interest rates than many other fixed income funds
  • Typically invests in senior secured asset-backed loans that are generally first in line to be repaid in the event of financial difficulty
  • Invests at least 80% of its assets in below investment grade quality loans made to business entities domiciled in the U.S. and Canada
  • As a fundamental policy, which may not be changed without shareholder approval, the Fund offers shareholders the opportunity to redeem their Common Shares on a monthly basis

Investment Objective

The Fund seeks to provide investors with a high level of monthly income.

Limited Liquidity For Investors

The Fund does not repurchase its shares on a daily basis and no market for the Fund's Common Shares is expected to exist. To provide a measure of liquidity, the Fund will normally make monthly repurchase offers for not less than 5% of its outstanding Common Shares. If more than 5% of Common Shares are tendered for repurchase by investors, investors may not be able to completely liquidate their holdings in any one month. Shareholders also will not have liquidity between these monthly repurchase dates.

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Broker/Dealer Services

1-800-334-3444

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Performance

Average Annual Total Returns %

As of August 31, 2021

As of June 30, 2021

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+4.61+9.12+0.22+2.12+4.462.18%2.01%
With Sales Charge+2.04+6.35-0.62+1.61+4.20
Net Asset Value+4.10+13.05+0.48+2.51+3.732.18%2.01%
With Sales Charge+1.53+10.19-0.36+1.99+3.47
S&P/LSTA Leveraged Loan Index+3.76+8.39+4.16+4.63+4.89
S&P/LSTA Leveraged Loan Index+3.28+11.65+4.39+4.99+4.39

Inception Date - Class A:April 2, 2001

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 August 31, 2021

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.

3.86
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).

4.00

Returns-Based Characteristics

As of August 31, 2021

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.

13.0210.107.60
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.

1.461.461.44
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.

0.990.980.97
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.

-4.94-3.87-2.16
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.

-0.010.150.54
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.

-0.90-0.73-0.17

Growth of a $10,000 Investment

For the period 09/30/2011 through 08/31/2021

Ending Value: $15,469.00

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 August 31, 2021

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.

$169.8
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

462
Borrowings$67,000,000.00
Number of Issuers383
Industries Represented38
Total Assets Under Management$236,800,700.9
Borrowings as % Of AUM28.29%
Avg. Investment as % of AUM0.26%
Total

Weighted Averages

As of August 31, 2021

Weighted Avg. Rating Factor
Weighted Avg. Rating Factor:

Weighted Average Rating Factor is a measure that is used by credit rating companies to determine the credit quality of a portfolio. This measure allows rating companies to look at a portfolio as a single security, and assign it a single rating.

2,645
Weighted Average Spread
Weighted Average Spread:

Weighted Average Spread is the average contractual spread of each senior loan, above its base rate.

3.74%
Weighted Average Days To Reset
Weighted Average Days To Reset:

Weighted Average Reset measures the average number of days that the current interest rate contracts are in effect.

38.00
Weighted Avg. Coupon
Weighted Avg. Coupon:

Weighted Average Coupon is the weighted-average gross interest rates of the pool of senior loans at the time of calculation.

4.21%
Weighted Average Maturity years
Weighted Average Maturity:

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.

4.97
Weighted Average Market Price
Weighted Average Market Price:

Weighted Average Market Price is calculated as the market price of each loan divided by the par amount outstanding.

98.36
Total

Portfolio Composition

as of August 31, 2021

- Unsecured0.14
Senior Loans100.00
- First Lien97.42
- Second Lien2.58
- Secured99.86
Total#,###.2

Top Issuers

as of August 31, 2021

Asurion, LLC1.20
Internet Brands, Inc.0.96
Global Tel*Link Corporation0.96
Quest Software US Holdings Inc.0.91
American Airlines, Inc.0.91
USI, Inc.0.77
Gates Global LLC0.75
Maxar Technologies Ltd. (f/k/a MacDonald, Dettwiler and Associates Ltd. a/k/a MDA)0.75
Misys (Finastra)0.72
HD Supply Waterworks, Ltd.0.71
Total#,###.2

Credit Quality

% of Total Investments as of August 31, 2021

Treasuries/Cash0.00
≥BBB0.69
BB12.78
B78.17
CCC5.91
<CCC0.69
Not Rated1.77
Total#,###.2

Sector Weightings

% of Total Investments as of August 31, 2021

Electronics/Electrical16.96
Business Equipment & Services12.57
Health Care9.66
All Telecom6.27
Diversified Insurance5.44
Building & Development4.10
Automotive3.70
Leisure Goods/Activities/Movies3.52
Financial Intermediaries3.27
Aerospace & Defense3.24
Total#,###.2

Top Country Weightings

% of Total Investments as of August 31, 2021

United States89.26
Luxembourg2.19
Netherlands2.18
Canada1.85
United Kingdom1.24
Germany0.72
Cayman Islands0.60
Sweden0.57
Isle of Man0.50
France0.34
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 August 31, 2021

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

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 Dividend08/31/2021$0.037600
Income Dividend07/31/2021$0.036400
Income Dividend06/30/2021$0.034000
Income Dividend05/31/2021$0.033900
Income Dividend04/30/2021$0.032800
Income Dividend03/31/2021$0.033000
Income Dividend02/28/2021$0.029500
Income Dividend01/31/2021$0.032100
Income Dividend12/31/2020$0.031500
Income Dividend11/30/2020$0.029900
Income Dividend10/31/2020$0.031500
Income Dividend09/30/2020$0.030500
Income Dividend08/31/2020$0.030300
Totals: $0.423000

Investment Team

View Fund Adviser/Sub Adviser

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.
Jeffrey Bakalar

Jeffrey A Bakalar

Group Head and Chief Investment Officer, Leveraged Credit Group

Years of Experience: 35

Years with Voya: 23

Jeff Bakalar is senior managing director, group head and chief investment officer in the leveraged credit group at Voya Investment Management. He is chairman of the group’s investment committee. He serves as chair of the board of directors of the Loan Syndications and Trading Association. Jeff earned a BS in finance from University of Illinois at Chicago, and an MBA from DePaul University.

Disclosures

Principal Risks

The Fund invests primarily in below investment-grade, floating rate senior loans that carry a higher than normal risk that borrowers may default in the timely payment of principal and interest on their loans, which would likely cause the value of the Fund's Common Shares to decrease. Changes in short-term market interest rates will directly affect the yield on the Fund's Common Shares. If such rates fall, the Fund's yield will also fall. If interest rate spreads on Fund's loans decline in general, the yield on the Fund's loans will fall and the value of the Fund's loans may decrease. When short-term market interest rates rise, because of the lag between changes in such short-term rates and the resetting of the floating rates on loans in the Fund's portfolio, the impact of rising rates will be delayed to the extent of such lag. Because of the limited secondary market for floating rate senior bank loans, the Fund's ability to sell its loans in a timely fashion and/or at a favorable price may be limited. An increase in the demand for loans may adversely affect the rate of interest payable on new loans acquired by the Fund, and it may also increase the price of loans purchased by the Fund in the secondary market. A decrease in the demand for loans may adversely affect the price of loans in the Fund's portfolio, which would cause the Fund's NAV to decrease. The Fund's use of leverage through borrowings can adversely affect the yield on the Fund's Common Shares. In addition, in the event of a general market decline in the value of assets such as those in which the Fund invests, the effect of that decline will be magnified in the Fund because of the additional assets purchased with the proceeds of the leverage. Due to Limited Liquidity for Investors the Fund does not repurchase its shares on a daily basis and no market for the Fund's Common Shares is expected to exist. To provide a measure of liquidity, the Fund will normally make monthly repurchase offers for not less than 5% of its outstanding Common Shares. If more than 5% of Common Shares are tendered for repurchase by investors, investors may not be able to completely liquidate their holdings in any one month. Shareholders also will not have liquidity between these monthly repurchase dates. The Fund may invest up to 20% of its assets in loans to borrowers in countries outside of the U.S. and Canada. Investment in foreign borrowers involves special risks, including potentially less rigorous accounting requirements, differing legal systems and potential political, social and economic adversity. The Fund may invest up to 15% of its assets in loans that are denominated in certain foreign currencies; however, the Fund will engage in currency exchange transactions to seek to hedge, as closely as practicable, 100% of the economic impact to the Fund arising from foreign currency fluctuations. Other risks of the Fund include but are not limited to: Borrowings; Preferred Shares; Diversification Risks; and Concentration Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

S&P/LSTA Leveraged Loan Index is an unmanaged total return index that captures accrued interest, repayments and market value changes.

Barclays U.S. Aggregate Bond Index is an unmanaged widely recognized index of publicly issued fixed-rate U.S. government, investment grade, mortgage-backed and corporate debt securities