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Mutual Fund Distributions: How Capital Gain Distributions Are Taxed
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IFRCX - Snapshot
Vitals
- YTD Return -7.3%
- 3 Yr Annualized Return -0.1%
- 5 Yr Annualized Return 1.0%
- Net Assets $554 M
- Holdings in Top 10 9.6%
52 WEEK LOW AND HIGH
$8.81
$7.47
$9.54
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.93%
SALES FEES
- Front Load N/A
- Deferred Load 1.00%
BROKERAGE FEES
- Turnover 52.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $250
Fund Classification
-
Primary Theme
Bank Loan
- Fund Type Open End Mutual Fund
- Investment Style Bank Loan
IFRCX - Profile
Distributions
- YTD Total Return -7.3%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.12%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVoya Floating Rate Fund
-
Fund Family NameVoya
-
Inception DateAug 17, 2010
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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").
IFRCX - Performance
Return Ranking - Trailing
| Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.3% | -16.6% | 280.3% | 77.51% |
| 1 Yr | -4.4% | -9.4% | 6.3% | 85.96% |
| 3 Yr | -0.1%* | -2.8% | 5.0% | 90.15% |
| 5 Yr | 1.0%* | 0.2% | 5.5% | 96.96% |
| 10 Yr | 2.2%* | 1.6% | 6.5% | 96.71% |
* Annualized
Return Ranking - Calendar
| Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 1.1% | -4.9% | 7.5% | 86.38% |
| 2018 | -4.4% | -9.7% | 5.5% | 29.70% |
| 2017 | -1.3% | -4.2% | 3.7% | 84.71% |
| 2016 | 3.2% | -65.0% | 12.9% | 84.21% |
| 2015 | -3.5% | -15.5% | 0.6% | 23.94% |
Total Return Ranking - Trailing
| Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.3% | -16.6% | 280.3% | 77.51% |
| 1 Yr | -5.3% | -11.4% | 5.2% | 85.62% |
| 3 Yr | -0.1%* | -3.1% | 4.6% | 89.05% |
| 5 Yr | 1.0%* | 0.2% | 5.5% | 95.44% |
| 10 Yr | 2.2%* | 1.6% | 6.5% | 95.39% |
* Annualized
Total Return Ranking - Calendar
| Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 1.1% | -4.9% | 7.5% | 86.38% |
| 2018 | -4.4% | -9.7% | 5.5% | 37.97% |
| 2017 | -1.3% | -4.2% | 7.2% | 86.78% |
| 2016 | 3.2% | -65.0% | 12.9% | 89.04% |
| 2015 | -3.5% | -15.5% | 4.8% | 31.46% |
NAV & Total Return History
IFRCX - Holdings
Concentration Analysis
| IFRCX | Category Low | Category High | IFRCX % Rank | |
|---|---|---|---|---|
| Net Assets | 554 M | 7.26 M | 6.65 B | 56.38% |
| Number of Holdings | 332 | 23 | 1162 | 42.07% |
| Net Assets in Top 10 | 56.7 M | -132 M | 1.09 B | 57.24% |
| Weighting of Top 10 | 9.60% | 6.4% | 92.1% | 73.70% |
Top 10 Holdings
- State Street Instl Liquid Reserves Prem 3.56%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
- Commscope, Inc. 2019 Term Loan B 0.72%
Asset Allocation
| Weighting | Return Low | Return High | IFRCX % Rank | |
|---|---|---|---|---|
| Bonds | 96.24% | 44.19% | 112.06% | 30.41% |
| Cash | 3.60% | -12.06% | 30.77% | 67.59% |
| Other | 0.10% | -4.29% | 11.49% | 42.76% |
| Stocks | 0.07% | 0.00% | 6.12% | 63.18% |
| Preferred Stocks | 0.00% | 0.00% | 19.93% | 87.24% |
| Convertible Bonds | 0.00% | 0.00% | 2.98% | 87.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IFRCX % Rank | |
|---|---|---|---|---|
| Communication Services | 99.62% | 0.00% | 100.00% | 8.37% |
| Consumer Cyclical | 0.38% | 0.00% | 99.69% | 37.21% |
| Utilities | 0.00% | 0.00% | 100.00% | 83.72% |
| Technology | 0.00% | 0.00% | 100.00% | 87.44% |
| Real Estate | 0.00% | 0.00% | 41.30% | 82.79% |
| Industrials | 0.00% | 0.00% | 100.00% | 87.91% |
| Healthcare | 0.00% | 0.00% | 100.00% | 86.98% |
| Financial Services | 0.00% | 0.00% | 100.00% | 85.58% |
| Energy | 0.00% | 0.00% | 100.00% | 94.42% |
| Consumer Defense | 0.00% | 0.00% | 99.68% | 84.65% |
| Basic Materials | 0.00% | 0.00% | 20.95% | 83.26% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IFRCX % Rank | |
|---|---|---|---|---|
| US | 0.07% | 0.00% | 3.36% | 62.41% |
| Non US | 0.00% | -0.18% | 3.07% | 88.62% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IFRCX % Rank | |
|---|---|---|---|---|
| Corporate | 96.39% | 0.00% | 100.00% | 20.69% |
| Cash & Equivalents | 3.61% | 0.00% | 68.77% | 74.48% |
| Derivative | 0.00% | 0.00% | 20.26% | 83.10% |
| Securitized | 0.00% | 0.00% | 100.00% | 86.90% |
| Municipal | 0.00% | 0.00% | 0.08% | 84.14% |
| Government | 0.00% | 0.00% | 8.64% | 83.45% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IFRCX % Rank | |
|---|---|---|---|---|
| US | 85.81% | 0.00% | 106.99% | 27.93% |
| Non US | 10.43% | 0.00% | 89.52% | 71.03% |
IFRCX - Expenses
Operational Fees
| IFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.93% | 0.01% | 27.10% | 22.15% |
| Management Fee | 0.65% | 0.00% | 1.73% | 67.89% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.27% |
| Administrative Fee | N/A | 0.03% | 0.40% | 59.29% |
Sales Fees
| IFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 83.33% |
Trading Fees
| IFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| IFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 52.00% | 5.00% | 412.00% | 59.03% |
IFRCX - Distributions
Dividend Yield Analysis
| IFRCX | Category Low | Category High | IFRCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.59% | 83.72% |
Dividend Distribution Analysis
| IFRCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| IFRCX | Category Low | Category High | IFRCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.12% | 1.57% | 9.15% | 85.47% |
Capital Gain Distribution Analysis
| IFRCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.038 |
| Feb 28, 2019 | $0.034 |
| Jan 31, 2019 | $0.038 |
| Dec 31, 2018 | $0.034 |
| Nov 30, 2018 | $0.032 |
| Oct 31, 2018 | $0.031 |
| Aug 31, 2018 | $0.031 |
| Jul 31, 2018 | $0.030 |
| Jun 29, 2018 | $0.028 |
| May 31, 2018 | $0.028 |
| Apr 30, 2018 | $0.026 |
| Mar 29, 2018 | $0.025 |
| Feb 28, 2018 | $0.023 |
| Jan 31, 2018 | $0.024 |
| Dec 29, 2017 | $0.024 |
| Nov 30, 2017 | $0.023 |
| Oct 31, 2017 | $0.024 |
| Sep 29, 2017 | $0.024 |
| Aug 31, 2017 | $0.026 |
| Jul 31, 2017 | $0.026 |
| Jun 30, 2017 | $0.025 |
| May 31, 2017 | $0.027 |
| Apr 28, 2017 | $0.026 |
| Mar 31, 2017 | $0.027 |
| Feb 28, 2017 | $0.024 |
| Jan 31, 2017 | $0.027 |
| Dec 30, 2016 | $0.027 |
| Nov 30, 2016 | $0.026 |
| Oct 31, 2016 | $0.027 |
| Sep 30, 2016 | $0.026 |
| Aug 31, 2016 | $0.027 |
| Jul 29, 2016 | $0.027 |
| Jun 30, 2016 | $0.026 |
| May 31, 2016 | $0.027 |
| Apr 29, 2016 | $0.026 |
| Mar 31, 2016 | $0.025 |
| Feb 29, 2016 | $0.023 |
| Jan 29, 2016 | $0.025 |
| Dec 31, 2015 | $0.026 |
| Nov 30, 2015 | $0.027 |
| Oct 30, 2015 | $0.028 |
| Sep 30, 2015 | $0.027 |
| Jul 31, 2015 | $0.027 |
| Jun 30, 2015 | $0.026 |
| May 29, 2015 | $0.026 |
| Apr 30, 2015 | $0.024 |
| Mar 31, 2015 | $0.024 |
| Feb 27, 2015 | $0.022 |
| Jan 30, 2015 | $0.024 |
| Dec 31, 2014 | $0.023 |
| Nov 28, 2014 | $0.023 |
| Oct 31, 2014 | $0.023 |
| Sep 30, 2014 | $0.023 |
| Aug 29, 2014 | $0.023 |
| Jul 31, 2014 | $0.024 |
| Jun 30, 2014 | $0.024 |
| May 31, 2014 | $0.025 |
| Apr 30, 2014 | $0.024 |
| Mar 31, 2014 | $0.025 |
| Feb 28, 2014 | $0.022 |
| Jan 31, 2014 | $0.026 |
| Dec 31, 2013 | $0.026 |
| Nov 29, 2013 | $0.025 |
| Oct 31, 2013 | $0.026 |
| Sep 30, 2013 | $0.025 |
| Aug 30, 2013 | $0.027 |
| Jul 31, 2013 | $0.031 |
| Jun 28, 2013 | $0.033 |
| May 31, 2013 | $0.037 |
| Apr 30, 2013 | $0.040 |
| Mar 28, 2013 | $0.041 |
| Feb 28, 2013 | $0.039 |
| Jan 31, 2013 | $0.043 |
| Dec 31, 2012 | $0.043 |
| Nov 30, 2012 | $0.040 |
| Oct 31, 2012 | $0.040 |
| Sep 28, 2012 | $0.039 |
| Aug 31, 2012 | $0.040 |
| Jul 31, 2012 | $0.040 |
| Jun 29, 2012 | $0.036 |
| May 31, 2012 | $0.037 |
| Apr 30, 2012 | $0.035 |
| Mar 30, 2012 | $0.037 |
| Feb 29, 2012 | $0.034 |
| Jan 31, 2012 | $0.037 |
| Dec 30, 2011 | $0.037 |
| Nov 30, 2011 | $0.035 |
| Oct 31, 2011 | $0.031 |
| Sep 30, 2011 | $0.028 |
| Aug 31, 2011 | $0.029 |
| Jul 29, 2011 | $0.029 |
| Jun 30, 2011 | $0.027 |
| May 31, 2011 | $0.026 |
| Apr 29, 2011 | $0.025 |
| Mar 31, 2011 | $0.024 |
| Feb 28, 2011 | $0.021 |
| Jan 31, 2011 | $0.024 |
| Dec 31, 2010 | $0.024 |
| Nov 30, 2010 | $0.023 |
| Oct 29, 2010 | $0.023 |
IFRCX - Fund Manager Analysis
Managers
Jeffrey Bakalar
Start Date
Tenure
Tenure Rank
Aug 17, 2010
10.13
10.1%
Jeff Bakalar is managing director, group head and chief investment officer of the Voya Investment Management senior loan group. He co-manages the group with Dan Norman, and he is chairman of the group’s investment committee. Jeff is currently a member of the board of directors of the Loan Syndications and Trading Association. Jeff received his MBA from DePaul University. Experience Company: 20 yrs
Daniel Norman
Start Date
Tenure
Tenure Rank
Aug 17, 2010
10.13
10.1%
Dan Norman Managing Director and Group Head Dan Norman is managing director and group head of the Voya Investment Management senior loan group. He co-manages the group with Jeff Bakalar, and he is co-chairman of the group’s investment committee. Dan has over twenty-five years of investment experience. He began managing senior loan portfolios in 1995 when the firm’s predecessor acquired the management rights to what is now Voya Prime Rate Trust. Dan became the co-head of the firm’s senior loan business in January of 2000 and, with Jeff Bakalar, created and implemented the senior loan strategy in January of 2001. Dan is a former member of the board of directors of the Loan Syndications and Trading Association and the International Association of Credit Portfolio Managers. Dan has a wide variety of business and investment experience, having begun his career at Arthur Andersen & Co. in 1981. He joined the firm’s predecessor in 1992. Dan received his BA degree in 1980 from the University of Nebraska and completed the University of Nebraska MBA program in 1981.
Charles LeMieux
Start Date
Tenure
Tenure Rank
Jan 31, 2020
0.67
0.7%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 25.44 | 5.67 | 1.59 |
