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

IFRIX - Snapshot

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $486 M
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$9.06
$8.28
$9.07

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

0.00%

$8.15 B

3.34%

$0.31

1.62%

0.73%

Eaton Vance Floating-Rate Advantage Fund

Fund

$10.52

-0.10%

$6.67 B

4.15%

$0.44

0.96%

1.35%

Invesco Senior Loan ETF

BKLN | ETF

$22.15

-0.05%

$6.57 B

3.24%

$0.72

-0.67%

0.65%

Eaton Vance Floating Rate Fund

Fund

$8.78

0.00%

$6.47 B

3.42%

$0.30

0.69%

0.82%

Lord Abbett Floating Rate Fund

Fund

$8.38

-0.12%

$6.14 B

4.15%

$0.35

0.96%

0.60%

IFRIX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 2.8%
  • 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 0.9% -1.3% 9.2% 60.14%
1 Yr 13.6% 4.2% 74.3% 65.22%
3 Yr 1.7%* -1.3% 5.9% 88.97%
5 Yr 2.8%* 1.5% 8.7% 90.15%
10 Yr 3.3%* 1.6% 6.3% 64.57%

* Annualized

Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.5% -16.5% 289.8% 84.04%
2019 1.1% -8.1% 7.5% 86.18%
2018 -4.4% -12.2% 5.5% 29.01%
2017 -1.3% -4.2% 3.7% 83.54%
2016 3.2% -65.0% 12.9% 82.96%

Total Return Ranking - Trailing

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.3% 9.2% 60.14%
1 Yr 13.6% 1.1% 74.3% 56.19%
3 Yr 1.7%* -1.6% 5.9% 84.34%
5 Yr 2.8%* 1.5% 8.7% 87.50%
10 Yr 3.3%* 1.6% 6.3% 59.43%

* Annualized

Total Return Ranking - Calendar

Period IFRIX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.5% -16.5% 289.8% 84.04%
2019 1.1% -8.1% 7.5% 86.18%
2018 -4.4% -12.2% 5.5% 37.40%
2017 -1.3% -4.2% 7.2% 85.65%
2016 3.2% -65.0% 12.9% 87.89%

NAV & Total Return History

IFRIX - Holdings

Concentration Analysis

IFRIX Category Low Category High IFRIX % Rank
Net Assets 486 M 10 M 8.15 B 60.50%
Number of Holdings 414 13 1246 36.79%
Net Assets in Top 10 83.7 M -161 M 1.85 B 55.85%
Weighting of Top 10 16.03% 6.0% 94.3% 45.97%

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 IFRIX % Rank
Bonds 		88.16% 30.80% 146.63% 68.90%
Cash 		11.01% -46.68% 55.70% 25.08%
Other 		0.68% -51.39% 11.86% 19.06%
Stocks 		0.15% 0.00% 7.86% 54.18%
Preferred Stocks 		0.00% 0.00% 24.21% 59.53%
Convertible Bonds 		0.00% 0.00% 5.44% 73.91%

Stock Sector Breakdown

Weighting Return Low Return High IFRIX % Rank
Communication Services 		99.81% 0.00% 100.00% 5.88%
Consumer Cyclical 		0.19% 0.00% 100.00% 37.56%
Utilities 		0.00% 0.00% 100.00% 51.13%
Technology 		0.00% 0.00% 100.00% 50.68%
Real Estate 		0.00% 0.00% 35.72% 42.53%
Industrials 		0.00% 0.00% 100.00% 64.25%
Healthcare 		0.00% 0.00% 100.00% 52.94%
Financial Services 		0.00% 0.00% 100.00% 44.34%
Energy 		0.00% 0.00% 100.00% 81.90%
Consumer Defense 		0.00% 0.00% 99.68% 50.68%
Basic Materials 		0.00% 0.00% 26.29% 49.32%

Stock Geographic Breakdown

Weighting Return Low Return High IFRIX % Rank
US 		0.14% -0.11% 8.06% 53.18%
Non US 		0.01% -0.20% 2.76% 29.43%

Bond Sector Breakdown

Weighting Return Low Return High IFRIX % Rank
Corporate 		88.89% 0.00% 100.00% 53.36%
Cash & Equivalents 		11.11% 0.00% 58.10% 33.89%
Derivative 		0.00% 0.00% 6.73% 49.66%
Securitized 		0.00% 0.00% 100.00% 67.79%
Municipal 		0.00% 0.00% 0.56% 47.99%
Government 		0.00% 0.00% 46.71% 48.99%

Bond Geographic Breakdown

Weighting Return Low Return High IFRIX % Rank
US 		80.42% 4.40% 146.63% 32.11%
Non US 		7.74% 0.00% 96.26% 80.27%

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% 73.88%
Management Fee 0.64% 0.00% 2.40% 51.01%
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% 45.42%

IFRIX - Distributions

Dividend Yield Analysis

IFRIX Category Low Category High IFRIX % Rank
Dividend Yield 0.00% 0.00% 3.70% 47.02%

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% 1.29% 10.93% 16.44%

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

10.71

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

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