IFRIX: Voya Floating Rate Fund - MutualFunds.com
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Voya Floating Rate I

IFRIX - Snapshot

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $532 M
  • Holdings in Top 10 10.2%

52 WEEK LOW AND HIGH

$9.07
$7.48
$9.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA $250,000

Fund Classification

  • Primary Theme
    Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Compare IFRIX 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

$9.41

+0.11%

$7.02 B

3.64%

$0.34

1.62%

0.73%

Eaton Vance Floating-Rate Advantage Fund

Fund

$10.56

0.00%

$5.73 B

4.21%

$0.44

1.34%

1.35%

Invesco Senior Loan ETF

BKLN | ETF

$22.25

-0.09%

$5.72 B

3.47%

$0.77

0.00%

0.65%

Lord Abbett Floating Rate Fund

Fund

$8.40

0.00%

$5.68 B

4.47%

$0.38

1.20%

0.60%

Eaton Vance Floating Rate Fund

Fund

$8.82

0.00%

$5.37 B

3.51%

$0.31

1.15%

0.82%

IFRIX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.15%
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
    Inst
  • 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").

IFRIX - Performance

Return Ranking - Trailing

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -0.6% 5.2% 65.89%
1 Yr -1.1% -7.6% 8.3% 88.04%
3 Yr 1.6%* -1.6% 5.5% 86.32%
5 Yr 3.3%* 2.2% 9.7% 90.98%
10 Yr 3.3%* 1.6% 6.4% 68.99%

* Annualized

Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.5% -16.5% 289.8% 82.64%
2019 1.1% -4.9% 7.5% 85.30%
2018 -4.4% -9.7% 5.5% 28.68%
2017 -1.3% -4.2% 3.7% 83.82%
2016 3.2% -65.0% 12.9% 83.26%

Total Return Ranking - Trailing

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -0.6% 5.2% 65.89%
1 Yr -1.1% -7.8% 8.3% 79.40%
3 Yr 1.6%* -2.5% 5.5% 80.70%
5 Yr 3.3%* 2.2% 9.7% 87.97%
10 Yr 3.3%* 1.6% 6.4% 60.76%

* Annualized

Total Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.5% -16.5% 289.8% 82.64%
2019 1.1% -4.9% 7.5% 85.30%
2018 -4.4% -9.7% 5.5% 36.98%
2017 -1.3% -4.2% 7.2% 85.89%
2016 3.2% -65.0% 12.9% 88.11%

NAV & Total Return History

IFRIX - Holdings

Concentration Analysis

IFRIX Category Low Category High IFRIX % Rank
Net Assets 532 M 6.2 M 7.02 B 56.99%
Number of Holdings 364 13 1210 39.07%
Net Assets in Top 10 52.6 M -161 M 1.86 B 59.27%
Weighting of Top 10 10.22% 6.4% 91.8% 70.10%

Top 10 Holdings

  1. State Street Instl Liquid Reserves Prem 4.56%
  2. Asurion Llc 2020 Term Loan B8 0.87%
  3. Asurion Llc 2020 Term Loan B8 0.87%
  4. Asurion Llc 2020 Term Loan B8 0.87%
  5. Asurion Llc 2020 Term Loan B8 0.87%
  6. Asurion Llc 2020 Term Loan B8 0.87%
  7. Asurion Llc 2020 Term Loan B8 0.87%
  8. Asurion Llc 2020 Term Loan B8 0.87%
  9. Asurion Llc 2020 Term Loan B8 0.87%
  10. Asurion Llc 2020 Term Loan B8 0.87%

Asset Allocation

Weighting Return Low Return High IFRIX % Rank
Bonds 		94.69% 26.84% 146.33% 42.05%
Cash 		4.56% -0.95% 55.70% 47.35%
Other 		0.61% -51.44% 10.21% 15.89%
Stocks 		0.13% 0.00% 8.10% 60.26%
Preferred Stocks 		0.00% 0.00% 22.09% 55.30%
Convertible Bonds 		0.00% 0.00% 2.08% 68.54%

Stock Sector Breakdown

Weighting Return Low Return High IFRIX % Rank
Communication Services 		99.79% 0.00% 100.00% 5.07%
Consumer Cyclical 		0.21% 0.00% 100.00% 41.94%
Utilities 		0.00% 0.00% 100.00% 52.07%
Technology 		0.00% 0.00% 100.00% 50.69%
Real Estate 		0.00% 0.00% 33.46% 41.94%
Industrials 		0.00% 0.00% 100.00% 61.29%
Healthcare 		0.00% 0.00% 100.00% 49.77%
Financial Services 		0.00% 0.00% 100.00% 43.78%
Energy 		0.00% 0.00% 100.00% 76.96%
Consumer Defense 		0.00% 0.00% 99.71% 46.08%
Basic Materials 		0.00% 0.00% 26.44% 52.07%

Stock Geographic Breakdown

Weighting Return Low Return High IFRIX % Rank
US 		0.13% 0.00% 8.26% 60.26%
Non US 		0.00% -0.16% 3.62% 47.35%

Bond Sector Breakdown

Weighting Return Low Return High IFRIX % Rank
Corporate 		95.40% 0.00% 100.00% 29.90%
Cash & Equivalents 		4.60% 0.00% 68.78% 53.82%
Derivative 		0.00% 0.00% 7.14% 39.87%
Securitized 		0.00% 0.00% 100.00% 63.12%
Municipal 		0.00% 0.00% 2.40% 41.20%
Government 		0.00% 0.00% 0.78% 39.87%

Bond Geographic Breakdown

Weighting Return Low Return High IFRIX % Rank
US 		85.41% 5.87% 136.43% 28.48%
Non US 		9.28% 0.00% 90.64% 71.85%

IFRIX - Expenses

Operational Fees

IFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.01% 27.10% 73.31%
Management Fee 0.65% 0.00% 1.73% 58.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% 47.14%

Sales Fees

IFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

IFRIX 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.

IFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 412.00% 48.12%

IFRIX - Distributions

Dividend Yield Analysis

IFRIX Category Low Category High IFRIX % Rank
Dividend Yield 0.00% 0.00% 5.17% 40.52%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IFRIX Category Low Category High IFRIX % Rank
Net Income Ratio 5.15% 1.29% 9.15% 18.92%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

IFRIX - Fund Manager Analysis

Managers

Jeffrey Bakalar

Start Date

Tenure

Tenure Rank

Aug 17, 2010

10.47

10.5%

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

1.0

1.0%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 22.27 5.6 1.92

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