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IFRIX Voya Floating Rate I

  • Fund
  • IFRIX
  • Price as of: Dec 09, 2016
  • $9.94
  • - $0.00
  • - 0.00%
  • Category
  • Bank Loan

IFRIX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $1.69 B
  • Holdings in Top 10 6.4%

52 WEEK LOW AND HIGH

$9.94
$9.47
$9.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

$250,000

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.12%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Voya Floating Rate Fund
  • Fund Family Name Voya
  • Inception Date Aug 17, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey A. Bakalar

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate loans and other floating rate debt instruments, including: floating rate bonds; floating rate notes; money market instruments with a remaining maturity of 60 days or less; floating rate debentures; and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities (collectively "Floating Rate Debt").

IFRIX - Performance

Return Ranking - Trailing

Period IFRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -0.9% 7.4% 57.62% 5
1 Yr 6.0% -1.0% 11.0% 65.88% 4
3 Yr 3.0% * -0.5% 5.5% 24.04% 2
5 Yr 4.7% * 1.2% 7.3% 34.29% 2
10 Yr N/A * 0.0% 5.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.5% -12.2% 0.0% 19.62% 2
2014 -2.2% -6.9% 0.0% 5.37% 1
2013 0.2% -1.3% 12.5% 63.07% 5
2012 3.3% 0.0% 11.2% 47.59% 4
2011 -3.2% -8.7% 0.0% 41.53% 3

Total Return Ranking - Trailing

Period IFRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -0.9% 10.4% 63.33% 5
1 Yr 6.0% -1.3% 11.0% 47.87% 3
3 Yr 3.0% * -0.7% 5.5% 19.71% 1
5 Yr 4.7% * 1.2% 7.3% 30.29% 2
10 Yr N/A * 0.0% 5.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.5% -12.2% 2.9% 28.23% 2
2014 -2.2% -6.9% 2.9% 20.98% 2
2013 0.2% -1.3% 12.5% 65.34% 5
2012 3.3% 0.0% 16.9% 55.42% 4
2011 -2.7% -8.7% 1.6% 38.14% 3

NAV & Total Return History

IFRIX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

IFRIX Category Low Category High IFRIX % Rank Quintile
Net Assets 1.69 B 23 M 12.7 B 9.48% 2
Number of Holdings 388 59 1092 10.43% 3
Net Assets in Top 10 119 M -360 M 1.55 B 12.80% 3
Weighting of Top 10 6.4% 5.5% 232.3% 25.12% 5

Top 10 Holdings

  1. Dell Inc. 2016 Term Loan B 0.95%
  2. Petsmart, Inc. Term Loan B2 0.69%
  3. Western Digital Corporation Usd 2016 Term Loan B1 0.69%
  4. Reynolds Group Holdings Inc. 2016 Usd Term Loan 0.63%
  5. Asurion Llc Term Loan B4 0.61%
  6. Amaya Holdings B.V. 1st Lien Term Loan 0.61%
  7. Advantage Sales & Marketing, Inc. 2014 1st Lien Term Loan 0.59%
  8. Aristocrat Technologies, Inc. 2016 Term Loan B 0.58%
  9. Bmc Software Finance, Inc. Usd Term Loan 0.56%
  10. Wideopenwest Finance Llc 2016 Term Loan B 0.54%

Asset Allocation

Weighting Category Low Category High IFRIX % Rank Quintile
Bonds
79.82% -11.44% 100.04% 25.12% 5
Cash
20.13% -0.49% 98.42% 1.42% 1
Stocks
0.05% 0.00% 6.19% 13.74% 3
Convertible Bonds
0.00% 0.00% 1.34% 4.74% 3
Preferred Stocks
0.00% 0.00% 0.72% 5.69% 4
Other
0.00% -1.14% 9.74% 22.27% 5

Stock Sector Breakdown

Weighting Category Low Category High IFRIX % Rank Quintile
Consumer Cyclical
0.03% 0.00% 0.94% 7.64% 2
Financial Services
0.00% 0.00% 0.10% 1.27% 3
Real Estate
0.00% 0.00% 0.61% 1.27% 3
Industrials
0.00% 0.00% 0.02% 1.27% 3
Healthcare
0.00% 0.00% 0.07% 1.27% 3
Technology
0.00% 0.00% 0.01% 1.27% 3
Energy
0.00% 0.00% 1.33% 5.10% 3
Communication Services
0.00% 0.00% 0.23% 4.46% 3
Consumer Defense
0.00% 0.00% 0.19% 3.82% 3
Utilities
0.00% 0.00% 0.44% 2.55% 3
Basic Materials
0.00% 0.00% 1.65% 8.92% 4

Stock Geographic Breakdown

Weighting Category Low Category High IFRIX % Rank Quintile
US
0.05% 0.00% 6.19% 13.27% 3
Non US
0.00% 0.00% 0.17% 3.79% 3

Bond Sector Breakdown

Weighting Category Low Category High IFRIX % Rank Quintile
Corporate
79.45% 0.00% 97.87% 15.17% 3
Cash & Equivalents
20.13% -0.49% 164.55% 1.42% 1
Securitized
0.00% 0.00% 29.03% 14.22% 4
Derivative
0.00% -33.31% 41.16% 2.37% 3
Municipal
0.00% 0.00% 1.96% 1.90% 3
Government
0.00% -123.27% 13.69% 8.53% 4

Bond Geographic Breakdown

Weighting Category Low Category High IFRIX % Rank Quintile
US
73.79% -58.41% 96.17% 12.32% 3
Non US
6.03% 0.00% 84.99% 23.22% 5

IFRIX - Expenses

Operational Fees

IFRIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.56% 2.81% 36.97% 1
Management Fee 0.65% 0.15% 1.02% 4.74% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.01% 0.40% 7.63% 2

Sales Fees

IFRIX Fees (% of AUM) Category Low Category High IFRIX Rank Quintile
Front Load N/A 0.75% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

IFRIX Fees (% of AUM) Category Low Category High IFRIX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IFRIX Fees (% of AUM) Category Low Category High IFRIX Rank Quintile
Turnover 46.00% 5.00% 168.00% 10.43% 3

IFRIX - Distributions

Dividend Yield Analysis

IFRIX Category Low Category High IFRIX % Rank Quintile
Dividend Yield 0.4% 0.14% 1.25% 30.62% 2

Dividend Distribution Analysis

IFRIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

IFRIX Category Low Category High IFRIX % Rank Quintile
Net Income Ratio 4.12% 1.34% 5.77% 30.33% 3

Capital Gain Distribution Analysis

IFRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

IFRIX - Managers

Jeffrey A. Bakalar

Manager

Start Date

Aug 17, 2010

Tenure

6.29

Tenure Rank

5.2%

Jeffrey A. Bakalar, Senior Vice President and Group Head of the Voya Investment Management Co. LLC Senior Loan Group, since January 2000. Mr. Bakalar also serves as Senior Vice President of ING Prime Rate Trust, both closed-end funds sub-advised by Voya Investment Management Co. LLC that invest primarily in Senior Loans. Prior to that, he was senior vice president and portfolio manager in the Senior Debt Group. Before joining ING Group, Bakalar was vice president of The First National Bank of Chicago from 1994 to 1998.


Daniel A. Norman

Manager

Start Date

Aug 17, 2010

Tenure

6.29

Tenure Rank

5.2%

Norman has served as senior vice president and senior portfolio manager of the Senior Debt Group since November 1999, and as senior vice president and portfolio manager since April 1995. He also has served as senior vice president and treasurer of the fund since January 2001. Norman began his investment career with Arthur Andersen & Company in 1982.


Tenure Analysis

Category Low

0.1

Category High

20.3

Category Average

5.93

Category Mode

1.9