Voya Floating Rate I
Fund
IFRIX
Price as of:
$9.10
- $0.00
- 0.00%
Primary Theme
fund company
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
7.0%
3 Yr Avg Return
1.7%
5 Yr Avg Return
2.6%
Net Assets
$535 M
Holdings in Top 10
13.7%
52 WEEK LOW AND HIGH
$9.1
$8.76
$9.10
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 60.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
$250,000
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Bank Loan
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
IFRIX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.61%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVoya Floating Rate Fund
-
Fund Family NameVoya
-
Inception DateAug 17, 2010
-
Shares OutstandingN/A
-
Share ClassInst
-
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").
IFRIX - Performance
Return Ranking - Trailing
| Period | IFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -2.8% | 11.8% | 55.97% |
| 1 Yr | 7.0% | 1.2% | 40.0% | 72.06% |
| 3 Yr | 1.7%* | -1.0% | 6.3% | 88.49% |
| 5 Yr | 2.6%* | 1.1% | 7.4% | 86.49% |
| 10 Yr | 3.9%* | 2.3% | 7.9% | 69.65% |
* Annualized
Return Ranking - Calendar
| Period | IFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -5.5% | -16.5% | 289.8% | 80.42% |
| 2019 | 1.1% | -8.1% | 7.5% | 85.82% |
| 2018 | -4.4% | -12.2% | 5.5% | 28.63% |
| 2017 | -1.3% | -4.2% | 3.7% | 83.12% |
| 2016 | 3.2% | -65.0% | 12.9% | 83.87% |
Total Return Ranking - Trailing
| Period | IFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -2.8% | 11.8% | 55.97% |
| 1 Yr | 7.0% | 0.5% | 40.0% | 63.06% |
| 3 Yr | 1.7%* | -1.3% | 10.0% | 85.49% |
| 5 Yr | 2.6%* | 1.1% | 7.6% | 85.57% |
| 10 Yr | 3.9%* | 2.3% | 7.9% | 68.27% |
* Annualized
Total Return Ranking - Calendar
| Period | IFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -5.5% | -16.5% | 289.8% | 80.42% |
| 2019 | 1.1% | -8.1% | 7.5% | 85.82% |
| 2018 | -4.4% | -12.2% | 5.5% | 37.25% |
| 2017 | -1.3% | -4.2% | 7.2% | 85.28% |
| 2016 | 3.2% | -65.0% | 12.9% | 88.94% |
NAV & Total Return History
IFRIX - Holdings
Concentration Analysis
| IFRIX | Category Low | Category High | IFRIX % Rank | |
|---|---|---|---|---|
| Net Assets | 535 M | 31.5 M | 10.2 B | 62.69% |
| Number of Holdings | 467 | 12 | 1358 | 27.27% |
| Net Assets in Top 10 | 72.1 M | -171 M | 2.25 B | 50.91% |
| Weighting of Top 10 | 13.71% | 4.9% | 94.7% | 57.45% |
Top 10 Holdings
- State Street Instl Liquid Reserves Prem 8.85%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
- Asurion Llc 2020 Term Loan B8 0.89%
Asset Allocation
| Weighting | Return Low | Return High | IFRIX % Rank | |
|---|---|---|---|---|
| Bonds | 90.26% | 44.30% | 162.68% | 80.61% |
| Cash | 8.85% | -62.77% | 55.70% | 13.03% |
| Other | 0.72% | -58.74% | 12.76% | 11.21% |
| Stocks | 0.17% | 0.00% | 16.02% | 56.67% |
| Preferred Stocks | 0.00% | 0.00% | 30.81% | 63.03% |
| Convertible Bonds | 0.00% | 0.00% | 3.77% | 73.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IFRIX % Rank | |
|---|---|---|---|---|
| Communication Services | 99.95% | 0.00% | 100.00% | 1.97% |
| Consumer Cyclical | 0.05% | 0.00% | 84.19% | 51.57% |
| Utilities | 0.00% | 0.00% | 100.00% | 57.87% |
| Technology | 0.00% | 0.00% | 100.00% | 58.66% |
| Real Estate | 0.00% | 0.00% | 44.63% | 42.13% |
| Industrials | 0.00% | 0.00% | 100.00% | 64.96% |
| Healthcare | 0.00% | 0.00% | 99.69% | 46.06% |
| Financial Services | 0.00% | 0.00% | 100.00% | 52.36% |
| Energy | 0.00% | 0.00% | 100.00% | 79.92% |
| Consumer Defense | 0.00% | 0.00% | 99.91% | 61.81% |
| Basic Materials | 0.00% | 0.00% | 64.50% | 49.61% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IFRIX % Rank | |
|---|---|---|---|---|
| US | 0.17% | -0.01% | 16.33% | 54.85% |
| Non US | 0.00% | -0.31% | 4.07% | 62.12% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IFRIX % Rank | |
|---|---|---|---|---|
| Corporate | 91.07% | 0.00% | 100.00% | 58.97% |
| Cash & Equivalents | 8.93% | 0.00% | 49.22% | 20.36% |
| Derivative | 0.00% | 0.00% | 9.59% | 53.80% |
| Securitized | 0.00% | 0.00% | 97.17% | 72.04% |
| Municipal | 0.00% | 0.00% | 0.66% | 47.42% |
| Government | 0.00% | 0.00% | 5.94% | 48.63% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IFRIX % Rank | |
|---|---|---|---|---|
| US | 83.84% | 2.21% | 128.54% | 24.24% |
| Non US | 6.42% | 0.00% | 122.86% | 88.18% |
IFRIX - Expenses
Operational Fees
| IFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.03% | 7.50% | 68.63% |
| Management Fee | 0.64% | 0.00% | 2.40% | 50.87% |
| 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 | 0.00% | 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 | 60.00% | 8.00% | 215.00% | 50.54% |
IFRIX - Distributions
Dividend Yield Analysis
| IFRIX | Category Low | Category High | IFRIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.48% | 0.00% | 5.29% | 46.71% |
Dividend Distribution Analysis
| IFRIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| IFRIX | Category Low | Category High | IFRIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.61% | 1.77% | 10.93% | 69.93% |
Capital Gain Distribution Analysis
| IFRIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.046 |
| Feb 28, 2019 | $0.042 |
| Jan 31, 2019 | $0.046 |
| Dec 31, 2018 | $0.043 |
| Nov 30, 2018 | $0.041 |
| Oct 31, 2018 | $0.040 |
| Aug 31, 2018 | $0.039 |
| Jul 31, 2018 | $0.039 |
| Jun 29, 2018 | $0.037 |
| May 31, 2018 | $0.037 |
| Apr 30, 2018 | $0.034 |
| Mar 29, 2018 | $0.034 |
| Feb 28, 2018 | $0.031 |
| Jan 31, 2018 | $0.032 |
| Dec 29, 2017 | $0.032 |
| Nov 30, 2017 | $0.031 |
| Oct 31, 2017 | $0.033 |
| Sep 29, 2017 | $0.033 |
| Aug 31, 2017 | $0.035 |
| Jul 31, 2017 | $0.035 |
| Jun 30, 2017 | $0.033 |
| May 31, 2017 | $0.035 |
| Apr 28, 2017 | $0.034 |
| Mar 31, 2017 | $0.035 |
| Feb 28, 2017 | $0.032 |
| Dec 30, 2016 | $0.035 |
| Nov 30, 2016 | $0.034 |
| Oct 31, 2016 | $0.035 |
| Sep 30, 2016 | $0.034 |
| Aug 31, 2016 | $0.035 |
| Jul 29, 2016 | $0.035 |
| Jun 30, 2016 | $0.034 |
| May 31, 2016 | $0.035 |
| Apr 29, 2016 | $0.034 |
| Mar 31, 2016 | $0.033 |
| Feb 29, 2016 | $0.031 |
| Jan 29, 2016 | $0.033 |
| Dec 31, 2015 | $0.035 |
| Nov 30, 2015 | $0.035 |
| Oct 30, 2015 | $0.036 |
| Sep 30, 2015 | $0.035 |
| Jul 31, 2015 | $0.036 |
| Jun 30, 2015 | $0.034 |
| May 29, 2015 | $0.035 |
| Apr 30, 2015 | $0.032 |
| Mar 31, 2015 | $0.033 |
| Feb 27, 2015 | $0.030 |
| Jan 30, 2015 | $0.033 |
| Dec 31, 2014 | $0.032 |
| Nov 28, 2014 | $0.031 |
| Oct 31, 2014 | $0.032 |
| Sep 30, 2014 | $0.031 |
| Aug 29, 2014 | $0.032 |
| Jul 31, 2014 | $0.033 |
| May 31, 2014 | $0.034 |
| Apr 30, 2014 | $0.032 |
| Mar 31, 2014 | $0.034 |
| Feb 28, 2014 | $0.030 |
| Jan 31, 2014 | $0.035 |
| Dec 31, 2013 | $0.035 |
| Nov 29, 2013 | $0.034 |
| Oct 31, 2013 | $0.035 |
| Sep 30, 2013 | $0.034 |
| Aug 30, 2013 | $0.036 |
| Jul 31, 2013 | $0.040 |
| Jun 28, 2013 | $0.041 |
| May 31, 2013 | $0.046 |
| Apr 30, 2013 | $0.048 |
| Mar 28, 2013 | $0.050 |
| Feb 28, 2013 | $0.047 |
| Jan 31, 2013 | $0.052 |
| Dec 31, 2012 | $0.052 |
| Nov 30, 2012 | $0.048 |
| Oct 31, 2012 | $0.049 |
| Sep 28, 2012 | $0.047 |
| Aug 31, 2012 | $0.049 |
| Jul 31, 2012 | $0.049 |
| Jun 29, 2012 | $0.044 |
| May 31, 2012 | $0.045 |
| Apr 30, 2012 | $0.044 |
| Mar 30, 2012 | $0.045 |
| Feb 29, 2012 | $0.042 |
| Jan 31, 2012 | $0.045 |
| Dec 30, 2011 | $0.045 |
| Nov 30, 2011 | $0.044 |
| Oct 31, 2011 | $0.039 |
| Sep 30, 2011 | $0.036 |
| Aug 31, 2011 | $0.038 |
| Jul 29, 2011 | $0.038 |
| Jun 30, 2011 | $0.036 |
| May 31, 2011 | $0.035 |
| Apr 29, 2011 | $0.034 |
| Mar 31, 2011 | $0.032 |
| Feb 28, 2011 | $0.029 |
| Jan 31, 2011 | $0.032 |
| Dec 31, 2010 | $0.032 |
| Nov 30, 2010 | $0.031 |
| Oct 29, 2010 | $0.031 |
IFRIX - Fund Manager Analysis
Managers
Jeffrey Bakalar
Start Date
Tenure
Tenure Rank
Aug 17, 2010
11.13
11.1%
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
Kelly Byrne
Start Date
Tenure
Tenure Rank
May 31, 2021
0.33
0.3%
Kelly Byrne, CFA, Portfolio Manager and Senior Vice President of the Voya IM Senior Loan Group, since 2005.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 22.93 | 6.0 | 2.59 |