IFRCX: Voya Floating Rate C

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IFRCX Voya Floating Rate C

  • Fund
  • IFRCX
  • Price as of: Oct 16, 2019
  • $9.38 + $0.01 + 0.11%
  • Primary Category
  • Uncategorized

IFRCX - Profile

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return -1.8%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $1.43 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$9.38
$9.37
$9.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.89%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 58.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.93%
DIVIDENDS
  • Dividend Yield 2.2%
  • 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 C
  • 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").

IFRCX - Performance

Return Ranking - Trailing

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -5.7% 4.1% 88.51%
1 Yr -4.8% -15.1% 4.6% 89.23%
3 Yr -1.8%* -2.9% 6.1% 89.14%
5 Yr -1.4%* -2.6% 5.4% 78.00%
10 Yr N/A* -9.2% 7.7% N/A

* Annualized


Return Ranking - Calendar

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -12.2% 0.1% 34.15%
2017 -1.3% -2.7% 2.5% 89.38%
2016 3.2% -0.4% 12.9% 81.90%
2015 -3.5% -12.5% -0.8% 27.69%
2014 -2.2% -60.1% 0.2% 14.58%

Total Return Ranking - Trailing

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -5.7% 4.1% 88.51%
1 Yr -4.8% -15.1% 4.6% 90.00%
3 Yr -1.8%* -2.9% 6.1% 90.50%
5 Yr -1.4%* -2.6% 5.4% 90.00%
10 Yr N/A* -9.2% 7.7% N/A

* Annualized


Total Return Ranking - Calendar

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -12.2% 2.5% 43.09%
2017 -1.3% -2.5% 7.2% 91.59%
2016 3.2% -0.1% 12.9% 86.67%
2015 -3.5% -12.5% 1.6% 35.90%
2014 -2.2% -60.1% 2.4% 27.60%

NAV & Total Return History

IFRCX - Holdings

Concentration Analysis

IFRCX Category Low Category High IFRCX % Rank
Net Assets 1.43 B 11.4 M 10 B 37.12%
Number of Holdings 369 31 1111 38.06%
Net Assets in Top 10 124 M -248 K 1.48 B 44.78%
Weighting of Top 10 8.06% 5.3% 83.9% 77.24%

Top 10 Holdings

  1. Centurylink, Inc. 2017 Term Loan B 1.19%

  2. Caesars Resort Collection, Llc 2017 1st Lien Term Loan B 1.17%

  3. Maxar Technologies Ltd. Term Loan B 0.85%

  4. Reynolds Group Holdings Inc. Usd 2017 Term Loan 0.75%

  5. Stars Group Holdings B.V. (The) 2018 Usd Incremental Term Loan 0.74%

  6. Berry Global, Inc. Usd Term Loan U 0.73%

  7. Asurion Llc 2018 Term Loan B7 0.72%

  8. Gates Global Llc 2017 Usd Repriced Term Loan B 0.67%

  9. Veritas Bermuda Ltd. Usd Repriced Term Loan B 0.62%

  10. Endo Luxembourg Finance Company I S.A R.L. 2017 Term Loan B 0.62%


Asset Allocation

Weighting Return Low Return High IFRCX % Rank
Bonds
93.21% 88.47% 151.40% 78.73%
Cash
6.70% -47.32% 14.09% 16.42%
Stocks
0.08% 0.00% 4.07% 71.64%
Preferred Stocks
0.00% 0.00% 0.67% 83.58%
Other
0.00% -55.02% 3.57% 80.60%
Convertible Bonds
0.00% 0.00% 2.05% 85.82%

Stock Sector Breakdown

Weighting Return Low Return High IFRCX % Rank
Consumer Cyclical
0.06% 0.00% 1.13% 58.82%
Utilities
0.00% 0.00% 0.48% 84.62%
Technology
0.00% 0.00% 0.00% 79.19%
Real Estate
0.00% 0.00% 0.15% 80.54%
Industrials
0.00% 0.00% 0.49% 83.26%
Healthcare
0.00% 0.00% 0.10% 79.64%
Financial Services
0.00% 0.00% 1.52% 79.19%
Energy
0.00% 0.00% 0.53% 84.16%
Communication Services
0.00% 0.00% 0.01% 81.45%
Consumer Defense
0.00% 0.00% 0.03% 79.64%
Basic Materials
0.00% 0.00% 2.59% 82.35%

Stock Geographic Breakdown

Weighting Return Low Return High IFRCX % Rank
US
0.08% 0.00% 4.07% 71.27%
Non US
0.00% 0.00% 0.40% 79.85%

Bond Sector Breakdown

Weighting Return Low Return High IFRCX % Rank
Corporate
93.22% 0.00% 151.39% 59.33%
Cash & Equivalents
6.70% -53.15% 14.09% 16.04%
Derivative
0.00% -0.04% 1.89% 75.00%
Securitized
0.00% 0.00% 99.13% 88.81%
Municipal
0.00% 0.00% 98.92% 79.48%
Government
0.00% -13.04% 48.28% 79.85%

Bond Geographic Breakdown

Weighting Return Low Return High IFRCX % Rank
US
82.11% 40.89% 136.42% 38.81%
Non US
11.10% 0.00% 77.66% 70.15%

IFRCX - Expenses

Operational Fees

IFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.01% 4.87% 12.50%
Management Fee 0.65% 0.00% 1.00% 75.28%
12b-1 Fee 1.00% 0.00% 1.00% 94.08%
Administrative Fee 0.10% 0.02% 0.40% 58.57%

Sales Fees

IFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.00% N/A
Deferred Load 1.00% 1.00% 5.00% 78.00%

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

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.

IFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 12.00% 209.00% 56.11%

IFRCX - Distributions

Dividend Yield Analysis

IFRCX Category Low Category High IFRCX % Rank
Dividend Yield 2.22% 0.00% 7.95% 71.64%

Dividend Distribution Analysis

IFRCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

IFRCX Category Low Category High IFRCX % Rank
Net Income Ratio 3.93% 1.49% 7.64% 76.17%

Capital Gain Distribution Analysis

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

IFRCX - Managers

Jeffrey A. Bakalar

Manager

Start Date

Tenure

Tenure Rank

Aug 17, 2010

9.13

9.1%

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 A. Norman

Manager

Start Date

Tenure

Tenure Rank

Aug 17, 2010

9.13

9.1%

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.


Tenure Analysis

Category Low

0.0

Category High

23.1

Category Average

5.69

Category Mode

2.01