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Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Voya Securitized Credit Fund

VCFAX | Fund

$9.18

$668 M

0.00%

1.07%

Vitals

YTD Return

1.4%

1 yr return

7.1%

3 Yr Avg Return

1.4%

5 Yr Avg Return

1.5%

Net Assets

$668 M

Holdings in Top 10

11.1%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load 2.50%

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Voya Securitized Credit Fund

VCFAX | Fund

$9.18

$668 M

0.00%

1.07%

VCFAX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya Securitized Credit Fund
  • Fund Family Name
    Voya mutual funds
  • Inception Date
    Aug 03, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dave Goodson

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securitized credit securities. The Fund will provide shareholders with at least 60 days’ prior written notice of any change in this investment policy.Securitized credit securities include commercial mortgage-backed securities (“CMBS”), asset-backed securities (“ABS”), agency and non-agency residential mortgage-backed securities (“MBS”), and collateralized mortgage obligations. These securities may be fixed rate or adjustable rate securities. Agency MBS are issued or guaranteed by the U.S. government, its agencies or instrumentalities, which include mortgage pass-through securities representing interests in pools of mortgage loans issued or guaranteed by the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation. The Fund may also invest in other debt instruments, which include bonds and other similar instruments issued by various U.S. and non-U.S. public or private sector entities.The Fund may invest in interest-only, principal-only, or inverse floating rate debt. The Fund may invest in mortgage dollar rolls and may purchase or sell securities on a when-issued, delayed delivery, or forward commitment basis through the “to-be-announced”(“TBA”) market. With TBA transactions, the particular securities to be delivered are not identified at the trade date, but the delivered securities must meet specified terms and standards. The Fund may invest a portion of its assets directly in mortgage loans. The Fund may invest in securities of any maturity or duration, and the securities may have fixed, floating, or variable rates.The Fund may invest without limit in mortgage-related high-yield (high risk) instruments rated below investment grade (commonly referred to as “junk bonds”), that, at the time of purchase, are rated below Baa3 by Moody’s Investors Service, Inc., BBB- by S&P Global Ratings, or have an equivalent rating by a Nationally Recognized Statistical Rating Organization, or, if unrated, are determined by the sub-adviser (the “Sub-Adviser”) to be of comparable quality. The Fund may invest in foreign (non-U.S.)securities, including securities of issuers located in emerging market countries, which may include non-U.S. dollar denominated foreign (non-U.S.) mortgage securities.The Fund may invest in derivative instruments including options, futures contracts, options on futures, fixed-income swap agreements, credit default swap agreements, and currency related derivatives, including currency forwards and currency swaps, subject to applicable law. The Fund typically uses derivatives to seek to reduce exposure or other risks such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or to enhance returns in the Fund. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls and reverse repurchase agreements).In evaluating investments for the Fund, the Sub-Adviser takes into account a wide variety of factors and considerations to determine whether any or all of those factors or considerations might have a material effect on the value, risks, or prospects of an investment. Among the factors considered, the Sub-Adviser expects typically to take into account environmental, social, and governance (“ESG”) factors to determine whether one or more factors may have a material effect. In considering ESGfactors, the Sub-Adviser intends to rely primarily on factors identified through its proprietary empirical research and on third-party evaluations of an issuer’s ESG standing. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in an issuer, if at all, will depend on the analysis and judgment of the Sub-Adviser.The Fund may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder , and under the terms of applicable no-action relief or exemptive orders granted thereunder .The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 1∕3% of its total assets.
Read More

VCFAX - Performance

Return Ranking - Trailing

Period VCFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -13.9% 8.4% 19.50%
1 Yr 7.1% -10.9% 21.0% 18.89%
3 Yr 1.4%* -17.5% 17.9% 20.68%
5 Yr 1.5%* -13.4% 14.8% 61.32%
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period VCFAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -12.0% 15.7% 10.36%
2022 -10.1% -31.8% 18.4% 32.01%
2021 1.0% -26.6% 25.7% 9.49%
2020 -6.2% -49.2% 18.7% 92.01%
2019 2.2% -35.1% 15.3% 78.82%

Total Return Ranking - Trailing

Period VCFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -13.9% 8.4% 19.50%
1 Yr 7.1% -10.9% 21.0% 18.89%
3 Yr 1.4%* -17.5% 17.9% 20.68%
5 Yr 1.5%* -13.4% 14.8% 61.32%
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period VCFAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -7.0% 22.2% 25.35%
2022 -7.2% -31.8% 21.1% 38.19%
2021 3.8% -13.5% 49.9% 19.15%
2020 -2.3% -28.6% 24.1% 90.76%
2019 7.5% -4.8% 19.1% 64.31%

NAV & Total Return History

VCFAX - Holdings

Concentration Analysis

VCFAX Category Low Category High VCFAX % Rank
Net Assets 668 M 2.53 M 143 B 48.52%
Number of Holdings 531 4 9868 47.49%
Net Assets in Top 10 74.2 M -1.57 B 65.8 B 64.69%
Weighting of Top 10 11.10% 0.7% 170.6% 91.49%

Top 10 Holdings

  1. RFM Reremic Trust 2022-FRR1 1.52%
  2. MSILF Government Portfolio 1.45%
  3. RFM Reremic Trust 2022-FRR1 1.40%
  4. RFM Reremic Trust 2022-FRR1 1.21%
  5. Freddie Mac STACR REMIC Trust 2022-DNA1 1.04%
  6. Freddie Mac STACR REMIC Trust 2022-DNA2 1.02%
  7. Series RR 2014-1 Trust 0.92%
  8. Prima Capital CRE Securitization 2019-VII Ltd 0.87%
  9. GAM RE-REMIC Trust 2022-FRR3 0.83%
  10. DUKE ENERGY CO 01/02/2024 0.82%

Asset Allocation

Weighting Return Low Return High VCFAX % Rank
Bonds 		84.05% -150.81% 203.29% 60.58%
Other 		13.98% -62.91% 100.00% 20.24%
Cash 		1.97% -94.66% 258.91% 67.12%
Stocks 		0.00% -1.60% 99.88% 83.56%
Preferred Stocks 		0.00% 0.00% 30.46% 63.17%
Convertible Bonds 		0.00% 0.00% 33.50% 89.22%

Bond Sector Breakdown

Weighting Return Low Return High VCFAX % Rank
Securitized 		71.26% 0.00% 99.65% 7.54%
Government 		2.72% 0.00% 99.43% 73.78%
Cash & Equivalents 		1.45% 0.00% 88.14% 67.33%
Municipal 		0.05% 0.00% 54.26% 35.16%
Corporate 		0.00% 0.00% 96.66% 96.39%
Derivative 		-0.18% -62.91% 37.37% 70.23%

Bond Geographic Breakdown

Weighting Return Low Return High VCFAX % Rank
US 		84.05% -151.11% 203.29% 39.57%
Non US 		0.00% 0.00% 67.77% 76.26%

VCFAX - Expenses

Operational Fees

VCFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.01% 20.67% 55.39%
Management Fee 0.60% 0.00% 2.29% 51.21%
12b-1 Fee 0.25% 0.00% 1.00% 33.62%
Administrative Fee N/A 0.00% 0.70% 42.41%

Sales Fees

VCFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.00% 5.75% 87.50%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VCFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

VCFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 632.00% 31.62%

VCFAX - Distributions

Dividend Yield Analysis

VCFAX Category Low Category High VCFAX % Rank
Dividend Yield 0.00% 0.00% 23.30% 74.81%

Dividend Distribution Analysis

VCFAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

VCFAX Category Low Category High VCFAX % Rank
Net Income Ratio 2.37% -1.55% 11.51% 70.32%

Capital Gain Distribution Analysis

VCFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VCFAX - Fund Manager Analysis

Managers

Dave Goodson

Start Date

Tenure

Tenure Rank

Aug 07, 2014

7.82

7.8%

Dave Goodson is head of securitized fixed income and a senior portfolio manager for Voya Investment Management’s non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies. Prior to joining the firm, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He received a BS in management from the Georgia Institute of Technology.

Jonathan Abshire

Start Date

Tenure

Tenure Rank

Jun 30, 2018

3.92

3.9%

Jonathan Abshire, CFA, Portfolio Manager, joined Voya IM in 2002 and is part of the non-agency residential mortgage-backed securities and asset-backed securities team, focusing on European asset-backed securities. Previously, Mr. Abshire completed a four-year expatriate assignment with the European asset-backed securities team in the Netherlands, overseeing a €9 billion structured finance portfolio. Mr. Abshire began his career with Voya IM in the structured finance group, working on the non-agency residential mortgage-backed securities and credit card asset-backed securities portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19

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