IFRCX: Voya Floating Rate Fund - MutualFunds.com
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Voya Floating Rate C

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

$9.07
$7.47
$9.50

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

Compare IFRCX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Fidelity Advisor® Floating Rate High Income Fund

Fund

$9.36

0.00%

$6.74 B

3.76%

$0.35

1.08%

-

Lord Abbett Floating Rate Fund

Fund

$8.40

0.00%

$5.58 B

4.57%

$0.38

1.20%

-

Eaton Vance Floating-Rate Advantage Fund

Fund

$10.56

0.00%

$5.39 B

4.29%

$0.45

1.34%

-

Eaton Vance Floating Rate Fund

Fund

$8.82

0.00%

$5.16 B

3.59%

$0.32

1.15%

-

Invesco Senior Loan ETF

BKLN | ETF

$22.36

-0.09%

$4.82 B

3.54%

$0.79

0.36%

-

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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

  1. State Street Instl Liquid Reserves Prem 6.74%
  2. Asurion Llc 2017 Term Loan B4 0.75%
  3. Asurion Llc 2017 Term Loan B4 0.75%
  4. Asurion Llc 2017 Term Loan B4 0.75%
  5. Asurion Llc 2017 Term Loan B4 0.75%
  6. Asurion Llc 2017 Term Loan B4 0.75%
  7. Asurion Llc 2017 Term Loan B4 0.75%
  8. Asurion Llc 2017 Term Loan B4 0.75%
  9. Asurion Llc 2017 Term Loan B4 0.75%
  10. 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

View More +

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

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