IFRCX - Snapshot
Vitals
- YTD Return 0.9%
- 3 Yr Annualized Return 0.6%
- 5 Yr Annualized Return 2.0%
- Net Assets $540 M
- Holdings in Top 10 12.2%
52 WEEK LOW AND HIGH
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 0.9%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 2.0%
- 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 | 0.9% | -0.3% | 2.5% | 72.19% |
1 Yr | -2.7% | -8.8% | 8.2% | 91.25% |
3 Yr | 0.6%* | -1.8% | 5.6% | 91.20% |
5 Yr | 2.0%* | 1.7% | 8.6% | 99.25% |
10 Yr | 2.3%* | 1.7% | 6.6% | 96.82% |
* Annualized
Return Ranking - Calendar
Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -5.5% | -16.5% | 289.8% | 82.99% |
2019 | 1.1% | -4.9% | 7.5% | 85.66% |
2018 | -4.4% | -9.7% | 5.5% | 29.43% |
2017 | -1.3% | -4.2% | 3.7% | 84.65% |
2016 | 3.2% | -65.0% | 12.9% | 83.70% |
Total Return Ranking - Trailing
Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -0.3% | 2.5% | 72.19% |
1 Yr | -3.7% | -9.8% | 8.2% | 89.56% |
3 Yr | 0.6%* | -2.6% | 5.6% | 90.14% |
5 Yr | 2.0%* | 1.6% | 8.6% | 98.50% |
10 Yr | 2.3%* | 1.7% | 6.6% | 94.90% |
* Annualized
Total Return Ranking - Calendar
Period | IFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -5.5% | -16.5% | 289.8% | 82.99% |
2019 | 1.1% | -4.9% | 7.5% | 85.66% |
2018 | -4.4% | -9.7% | 5.5% | 37.74% |
2017 | -1.3% | -4.2% | 7.2% | 86.72% |
2016 | 3.2% | -65.0% | 12.9% | 88.55% |
NAV & Total Return History
IFRCX - Holdings
Concentration Analysis
IFRCX | Category Low | Category High | IFRCX % Rank | |
---|---|---|---|---|
Net Assets | 540 M | 6.19 M | 6.74 B | 58.39% |
Number of Holdings | 356 | 13 | 1202 | 40.40% |
Net Assets in Top 10 | 67.1 M | -149 M | 1.24 B | 48.34% |
Weighting of Top 10 | 12.23% | 5.8% | 91.3% | 45.51% |
Top 10 Holdings
- State Street Instl Liquid Reserves Prem 6.74%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
- Asurion Llc 2017 Term Loan B4 0.75%
Asset Allocation
Weighting | Return Low | Return High | IFRCX % Rank | |
---|---|---|---|---|
Bonds | 92.70% | 26.84% | 146.33% | 65.89% |
Cash | 6.74% | -3.64% | 55.70% | 30.46% |
Other | 0.42% | -51.44% | 10.21% | 26.49% |
Stocks | 0.13% | 0.00% | 8.10% | 57.28% |
Preferred Stocks | 0.00% | 0.00% | 22.09% | 81.46% |
Convertible Bonds | 0.00% | 0.00% | 1.92% | 86.75% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IFRCX % Rank | |
---|---|---|---|---|
Communication Services | 99.80% | 0.00% | 100.00% | 6.61% |
Consumer Cyclical | 0.20% | 0.00% | 100.00% | 45.81% |
Utilities | 0.00% | 0.00% | 100.00% | 78.85% |
Technology | 0.00% | 0.00% | 100.00% | 83.26% |
Real Estate | 0.00% | 0.00% | 32.44% | 74.45% |
Industrials | 0.00% | 0.00% | 100.00% | 80.18% |
Healthcare | 0.00% | 0.00% | 100.00% | 78.85% |
Financial Services | 0.00% | 0.00% | 100.00% | 76.21% |
Energy | 0.00% | 0.00% | 100.00% | 89.87% |
Consumer Defense | 0.00% | 0.00% | 99.68% | 78.41% |
Basic Materials | 0.00% | 0.00% | 29.26% | 83.26% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IFRCX % Rank | |
---|---|---|---|---|
US | 0.13% | 0.00% | 8.26% | 56.29% |
Non US | 0.00% | -0.16% | 3.40% | 82.12% |
Bond Sector Breakdown
Weighting | Return Low | Return High | IFRCX % Rank | |
---|---|---|---|---|
Corporate | 93.22% | 0.00% | 100.00% | 53.16% |
Cash & Equivalents | 6.78% | 0.00% | 69.25% | 36.21% |
Derivative | 0.00% | 0.00% | 7.14% | 76.74% |
Securitized | 0.00% | 0.00% | 100.00% | 81.73% |
Municipal | 0.00% | 0.00% | 2.40% | 77.74% |
Government | 0.00% | 0.00% | 0.48% | 76.08% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | IFRCX % Rank | |
---|---|---|---|---|
US | 83.74% | 6.47% | 136.43% | 31.79% |
Non US | 8.96% | 0.00% | 91.71% | 73.18% |
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% | 22.71% |
Management Fee | 0.65% | 0.00% | 1.73% | 66.01% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.00% |
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% | 3.00% | 78.72% |
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% | 0.00% | 412.00% | 51.19% |
IFRCX - Distributions
Dividend Yield Analysis
IFRCX | Category Low | Category High | IFRCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.55% | 77.78% |
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% | 1.29% | 9.15% | 70.85% |
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
10.38
10.4%
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
Charles LeMieux
Start Date
Tenure
Tenure Rank
Jan 31, 2020
0.92
0.9%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 25.69 | 5.64 | 1.84 |