IMCDX: Voya Emerging Markets Corporate Debt P

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IMCDX Voya Emerging Markets Corporate Debt P


Profile

IMCDX - Profile

Vitals

  • YTD Return -13.4%
  • 3 Yr Annualized Return -3.9%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $103 M
  • Holdings in Top 10 45.9%

52 WEEK LOW AND HIGH

$8.80
$8.48
$10.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

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

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -13.4%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya Emerging Markets Corporate Debt Fund
  • Fund Family Name
    Voya
  • Inception Date
    Aug 09, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kurt Kringelis

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in fixed-income and floating rate debt instruments of corporate issuers in emerging market countries. The fund may invest in all types of foreign and emerging market fixed-income and floating rate debt instruments and will invest primarily in fixed-income and floating rate debt instruments of corporations. The fund's holdings may be denominated in U.S. dollars and foreign currencies.


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Categories

Performance

IMCDX - Performance

Return Ranking - Trailing

Period IMCDX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.4% -18.9% 8.3% 65.26%
1 Yr -9.9% -22.0% 9.7% 62.22%
3 Yr -3.9%* -10.2% 4.6% 54.93%
5 Yr -2.2%* -8.5% 1.0% 38.00%
10 Yr N/A* -6.2% -0.2% N/A

* Annualized

Return Ranking - Calendar

Period IMCDX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -6.5% 9.4% 16.85%
2018 -6.7% -18.5% 3.1% 46.75%
2017 4.2% 0.1% 10.8% 60.29%
2016 4.0% -12.3% 8.7% 17.86%
2015 -4.2% -21.1% 6.0% 26.00%

Total Return Ranking - Trailing

Period IMCDX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.4% -18.9% 8.3% 65.26%
1 Yr -9.9% -22.0% 9.7% 62.22%
3 Yr -3.9%* -8.2% 4.6% 63.38%
5 Yr -0.9%* -8.2% 1.8% 50.00%
10 Yr N/A* -6.0% 3.0% N/A

* Annualized

Total Return Ranking - Calendar

Period IMCDX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -6.5% 9.4% 16.85%
2018 -6.7% -18.5% 3.1% 53.25%
2017 4.2% 0.1% 12.6% 64.71%
2016 7.4% -12.3% 8.9% 7.14%
2015 0.2% -21.1% 10.2% 18.00%

NAV & Total Return History


Holdings

IMCDX - Holdings

Concentration Analysis

IMCDX Category Low Category High IMCDX % Rank
Net Assets 103 M 7.29 M 150 B 67.37%
Number of Holdings 151 5 5741 74.74%
Net Assets in Top 10 9.21 M 2.4 M 10.1 B 86.32%
Weighting of Top 10 45.86% 6.8% 99.8% 8.75%

Top 10 Holdings

  1. 2 Year Treasury Note Future June 20 10.03%
  2. 10 Year Treasury Note Future June 20 8.82%
  3. Ultra 10 Year US Treasury Note Future June 20 6.61%
  4. 5 Year Treasury Note Future June 20 6.36%
  5. Ultra US Treasury Bond Future June 20 3.04%
  6. US Treasury Bond Future June 20 3.00%
  7. Reliance Industries Limited 3.67% 2.11%
  8. Woori Bank 4.75% 2.07%
  9. Grupo Aval Limited 4.38% 1.95%
  10. KAZMUNAYGAS 4.75% 4/19/27 1.87%

Asset Allocation

Weighting Return Low Return High IMCDX % Rank
Bonds
99.04% 82.25% 2295.09% 22.11%
Convertible Bonds
0.55% 0.00% 36.72% 28.42%
Cash
0.41% -2222.56% 17.68% 83.16%
Stocks
0.00% 0.00% 102.31% 90.53%
Preferred Stocks
0.00% 0.00% 0.08% 88.42%
Other
0.00% -6.55% 20.17% 83.16%

Bond Sector Breakdown

Weighting Return Low Return High IMCDX % Rank
Corporate
73.59% 0.00% 89.75% 6.32%
Government
25.23% 7.90% 79.20% 90.53%
Cash & Equivalents
1.18% 0.53% 30.93% 85.26%
Derivative
0.00% 0.00% 69.18% 94.74%
Securitized
0.00% 0.00% 6.60% 90.53%
Municipal
0.00% 0.00% 0.22% 87.37%

Bond Geographic Breakdown

Weighting Return Low Return High IMCDX % Rank
Non US
98.04% 0.00% 2189.45% 9.47%
US
1.00% 0.00% 717.21% 91.58%

Expenses

IMCDX - Expenses

Operational Fees

IMCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 43.49% 64.84%
Management Fee 0.95% 0.00% 1.64% 83.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.45% 58.14%

Sales Fees

IMCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

IMCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 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.

IMCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 0.00% 129.00% 55.00%

Distributions

IMCDX - Distributions

Dividend Yield Analysis

IMCDX Category Low Category High IMCDX % Rank
Dividend Yield 0.00% 0.00% 1.38% 87.37%

Dividend Distribution Analysis

IMCDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IMCDX Category Low Category High IMCDX % Rank
Net Income Ratio 5.07% -0.78% 6.35% 25.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

IMCDX - Fund Manager Analysis

Managers

Kurt Kringelis


Start Date

Tenure

Tenure Rank

Apr 01, 2013

6.92

6.9%

Kurt Kringelis, CFA, CPA, JD Head Macro Credit Strategist Kurt Kringelis is head macro credit strategist at Voya Investment Management. In this role Kurt provides credit market insight and macro research broadly across the Fixed Income Team. Kurt’s most recent role with the firm was as senior portfolio manager and head of credit strategy within the investment grade team with oversight responsibility for investment grade research. Prior roles with the firm included interim oversight of the emerging markets corporate team and joint oversight responsibility for the high yield team. Prior to joining the firm, Kurt was an associate portfolio manager with the high yield group at Equitable Investment Services where he began his career as a high yield analyst. He received a BS in finance, an MBA and a JD from the University of Illinois. Kurt is a Certified Public Accountant, holds the Chartered Financial Analyst® designation, and is a licensed attorney in the state of Illinois.

Jean-Dominique Bütikofer


Start Date

Tenure

Tenure Rank

Oct 01, 2014

5.42

5.4%

Jean-Dominique Bütikofer, CFA, Portfolio Manager, is Head of Emerging Markets for Voya IM’s fixed-income team. Mr. Bütikofer directs the investment strategy for Emerging Markets, including sovereign and corporate debt, macro analysis, country research, sovereign risk, currencies, local rates and asset allocation across sub asset-classes. Prior to joining Voya IM in 2014, he served as the head of emerging markets fixed income — macro, sovereign and currencies — for Union Bancaire Privee (UBP Investment Management) in Zurich (2006-2014).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.27 26.22 6.09 26.22