IFRIX: Voya Floating Rate Fund - MutualFunds.com

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Voya Floating Rate I

IFRIX - Snapshot

Vitals

  • YTD Return -6.4%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $525 M
  • Holdings in Top 10 10.3%

52 WEEK LOW AND HIGH

$8.88
$7.48
$9.54

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
  • 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

$9.11

0.00%

$6.58 B

4.07%

$0.37

-3.90%

0.74%

$8.17

0.00%

$5.65 B

4.91%

$0.40

-7.58%

0.61%

$10.28

0.00%

$5.32 B

4.57%

$0.47

-4.10%

1.62%

$8.63

0.00%

$4.89 B

3.81%

$0.33

-2.49%

0.77%

$21.97

+0.05%

$3.96 B

3.82%

$0.84

-3.72%

0.65%

IFRIX - Profile

Distributions

  • YTD Total Return -6.4%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 2.1%
  • 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 -6.4% -15.5% 284.4% 80.21%
1 Yr -2.4% -8.4% 6.5% 82.25%
3 Yr 0.7%* -3.0% 4.9% 79.86%
5 Yr 2.1%* 0.2% 5.8% 83.33%
10 Yr 3.1%* 1.5% 6.2% 67.76%

* Annualized

Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.1% -4.9% 7.5% 85.61%
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%
2015 -3.5% -15.5% 0.6% 23.11%

Total Return Ranking - Trailing

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -15.5% 284.4% 80.21%
1 Yr -2.4% -10.6% 5.5% 70.31%
3 Yr 0.7%* -3.3% 4.6% 74.82%
5 Yr 2.1%* 0.2% 5.8% 80.30%
10 Yr 3.1%* 1.5% 6.2% 62.50%

* Annualized

Total Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.1% -4.9% 7.5% 85.61%
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%
2015 -3.5% -15.5% 4.8% 30.66%

NAV & Total Return History


IFRIX - Holdings

Concentration Analysis

IFRIX Category Low Category High IFRIX % Rank
Net Assets 525 M 7.25 M 6.58 B 56.84%
Number of Holdings 334 13 1173 39.87%
Net Assets in Top 10 54.2 M -149 M 1.09 B 58.47%
Weighting of Top 10 10.34% 6.4% 91.3% 65.33%

Top 10 Holdings

  1. State Street Instl Liquid Reserves Prem 4.00%
  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. Mcafee, Llc 2018 Usd Term Loan B 0.74%

Asset Allocation

Weighting Return Low Return High IFRIX % Rank
Bonds
95.84% 17.13% 102.42% 36.88%
Cash
4.02% -2.53% 82.86% 53.82%
Other
0.08% -4.37% 11.49% 44.52%
Stocks
0.07% 0.00% 6.23% 59.14%
Preferred Stocks
0.00% 0.00% 19.93% 43.52%
Convertible Bonds
0.00% 0.00% 2.69% 57.48%

Stock Sector Breakdown

Weighting Return Low Return High IFRIX % Rank
Communication Services
99.63% 0.00% 100.00% 3.24%
Consumer Cyclical
0.37% 0.00% 99.69% 39.81%
Utilities
0.00% 0.00% 100.00% 37.50%
Technology
0.00% 0.00% 100.00% 44.44%
Real Estate
0.00% 0.00% 44.21% 26.85%
Industrials
0.00% 0.00% 100.00% 46.30%
Healthcare
0.00% 0.00% 100.00% 35.19%
Financial Services
0.00% 0.00% 100.00% 33.80%
Energy
0.00% 0.00% 100.00% 69.91%
Consumer Defense
0.00% 0.00% 99.68% 32.41%
Basic Materials
0.00% 0.00% 20.95% 34.72%

Stock Geographic Breakdown

Weighting Return Low Return High IFRIX % Rank
US
0.07% 0.00% 2.93% 57.14%
Non US
0.00% -0.18% 3.40% 46.18%

Bond Sector Breakdown

Weighting Return Low Return High IFRIX % Rank
Corporate
95.98% 0.00% 99.99% 24.00%
Cash & Equivalents
4.02% 0.00% 82.87% 59.67%
Derivative
0.00% 0.00% 11.97% 27.33%
Securitized
0.00% 0.00% 100.00% 54.00%
Municipal
0.00% 0.00% 0.14% 26.00%
Government
0.00% 0.00% 8.64% 25.33%

Bond Geographic Breakdown

Weighting Return Low Return High IFRIX % Rank
US
85.47% 6.20% 99.92% 25.25%
Non US
10.37% 0.00% 93.19% 68.11%

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% 71.63%
Management Fee 0.65% 0.00% 1.73% 56.77%
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% 5.00% 412.00% 56.36%

IFRIX - Distributions

Dividend Yield Analysis

IFRIX Category Low Category High IFRIX % Rank
Dividend Yield 0.00% 0.00% 4.13% 25.57%

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 5.15% 1.57% 9.15% 29.76%

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

10.21

10.2%

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 Norman


Start Date

Tenure

Tenure Rank

Aug 17, 2010

10.21

10.2%

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.

Charles LeMieux


Start Date

Tenure

Tenure Rank

Jan 31, 2020

0.75

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 25.52 5.63 1.67