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 0.7%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $486 M
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$9.05
$8.28
$9.07

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
  • 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

$9.40

0.00%

$8.15 B

3.34%

$0.31

1.51%

0.73%

$10.52

0.00%

$6.67 B

4.15%

$0.44

0.96%

1.35%

$22.14

0.00%

$6.57 B

3.24%

$0.72

-0.58%

0.65%

$8.78

0.00%

$6.47 B

3.42%

$0.30

0.69%

0.82%

$8.38

0.00%

$6.14 B

4.15%

$0.35

0.96%

0.60%

IFRCX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 1.8%
  • 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% -1.4% 8.9% 57.43%
1 Yr 12.5% 4.2% 74.3% 77.59%
3 Yr 0.7%* -1.3% 5.9% 93.59%
5 Yr 1.8%* 1.5% 8.7% 99.24%
10 Yr 2.3%* 1.6% 6.3% 96.57%

* Annualized

Return Ranking - Calendar

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.5% -16.5% 289.8% 84.75%
2019 1.1% -8.1% 7.5% 86.91%
2018 -4.4% -12.2% 5.5% 30.15%
2017 -1.3% -4.2% 3.7% 84.81%
2016 3.2% -65.0% 12.9% 83.86%

Total Return Ranking - Trailing

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.4% 8.9% 57.43%
1 Yr 11.5% 1.1% 74.3% 78.60%
3 Yr 0.7%* -1.6% 5.9% 92.53%
5 Yr 1.8%* 1.5% 8.7% 99.24%
10 Yr 2.3%* 1.6% 6.3% 95.43%

* Annualized

Total Return Ranking - Calendar

Period IFRCX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.5% -16.5% 289.8% 84.75%
2019 1.1% -8.1% 7.5% 86.91%
2018 -4.4% -12.2% 5.5% 38.55%
2017 -1.3% -4.2% 7.2% 86.92%
2016 3.2% -65.0% 12.9% 88.79%

NAV & Total Return History


IFRCX - Holdings

Concentration Analysis

IFRCX Category Low Category High IFRCX % Rank
Net Assets 486 M 10 M 8.15 B 61.92%
Number of Holdings 414 13 1246 38.80%
Net Assets in Top 10 83.7 M -161 M 1.85 B 56.86%
Weighting of Top 10 16.03% 6.2% 94.3% 44.97%

Top 10 Holdings

  1. State Street Instl Liquid Reserves Prem 11.01%
  2. Asurion Llc 2020 Term Loan B8 0.89%
  3. Asurion Llc 2020 Term Loan B8 0.89%
  4. Asurion Llc 2020 Term Loan B8 0.89%
  5. Asurion Llc 2020 Term Loan B8 0.89%
  6. Asurion Llc 2020 Term Loan B8 0.89%
  7. Asurion Llc 2020 Term Loan B8 0.89%
  8. Asurion Llc 2020 Term Loan B8 0.89%
  9. Asurion Llc 2020 Term Loan B8 0.89%
  10. Asurion Llc 2020 Term Loan B8 0.89%

Asset Allocation

Weighting Return Low Return High IFRCX % Rank
Bonds
88.16% 30.80% 146.63% 70.23%
Cash
11.01% -46.68% 55.70% 26.42%
Other
0.68% -51.39% 11.86% 20.40%
Stocks
0.15% 0.00% 7.86% 55.52%
Preferred Stocks
0.00% 0.00% 24.21% 90.97%
Convertible Bonds
0.00% 0.00% 5.44% 96.32%

Stock Sector Breakdown

Weighting Return Low Return High IFRCX % Rank
Communication Services
99.81% 0.00% 100.00% 7.24%
Consumer Cyclical
0.19% 0.00% 100.00% 39.82%
Utilities
0.00% 0.00% 100.00% 95.48%
Technology
0.00% 0.00% 100.00% 95.02%
Real Estate
0.00% 0.00% 35.72% 91.40%
Industrials
0.00% 0.00% 100.00% 95.02%
Healthcare
0.00% 0.00% 100.00% 91.86%
Financial Services
0.00% 0.00% 100.00% 91.86%
Energy
0.00% 0.00% 100.00% 96.83%
Consumer Defense
0.00% 0.00% 99.68% 93.67%
Basic Materials
0.00% 0.00% 26.29% 94.12%

Stock Geographic Breakdown

Weighting Return Low Return High IFRCX % Rank
US
0.14% -0.11% 8.06% 54.52%
Non US
0.01% -0.20% 2.76% 32.78%

Bond Sector Breakdown

Weighting Return Low Return High IFRCX % Rank
Corporate
88.89% 0.00% 100.00% 55.70%
Cash & Equivalents
11.11% 0.00% 68.78% 35.23%
Derivative
0.00% 0.00% 6.73% 89.93%
Securitized
0.00% 0.00% 100.00% 92.95%
Municipal
0.00% 0.00% 0.56% 90.27%
Government
0.00% 0.00% 46.71% 89.60%

Bond Geographic Breakdown

Weighting Return Low Return High IFRCX % Rank
US
80.42% 4.40% 146.63% 36.12%
Non US
7.74% 0.00% 96.26% 81.27%

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% 22.68%
Management Fee 0.64% 0.00% 2.40% 53.02%
12b-1 Fee 1.00% 0.00% 1.00% 97.30%
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% 91.30%

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% 46.83%

IFRCX - Distributions

Dividend Yield Analysis

IFRCX Category Low Category High IFRCX % Rank
Dividend Yield 0.00% 0.00% 3.70% 91.72%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IFRCX Category Low Category High IFRCX % Rank
Net Income Ratio 4.12% 1.29% 10.93% 65.41%

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

10.71

10.7%

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

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 22.52 5.77 2.17