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Trending ETFs

Name

As of 03/31/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.17

$113 M

0.00%

0.65%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$113 M

Holdings in Top 10

18.8%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 259.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/31/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.17

$113 M

0.00%

0.65%

ISCFX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya Investment Grade Credit Fund
  • Fund Family Name
    Voya
  • Inception Date
    Jun 08, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anil Katarya

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in investment-grade fixed-income securities. The Fund will provide shareholders with at least 60 days' prior notice of any change in this investment policy. Investment-grade fixed-income securities, at the time of purchase, are rated at least Baa3 by Moody’s Investors Service, Inc. ( “ Moody's ” ), BBB- by S&P Global Ratings ( “ S & P ” ) , BBB- by Fitch Ratings ( “ Fitch ” ) , or have an equivalent rating by a Nationally Recognized Statistical Rating Organization (“NRSRO”), or, if unrated, are determined by the sub-adviser (the “Sub-Adviser”) to be of comparable quality. The Fund may concentrate its portfolio investments in any one industry or group of industries under certain circumstances. Generally, the Fund will not invest in a security if, after the investment, more than 25% of its total assets would be invested in one or more issuers conducting their principal business activities in the same industry. However, the Fund may invest between 25% and 35% of its total assets in the securities of any one industry group or group of industries, if at the time of investment, that industry group or group of industries represents 20% or more of the Fund’s primary benchmark index, the Bloomberg U.S. Corporate Index (the “ Index ” ) . As of June 30, 2023 , the banking industry represented 20% or more of the Index.The securities that the Fund may invest in include, but are not limited to, the following:debt instruments issued by U.S. and foreign (non-U.S.) entities that are denominated in U.S. or foreign (non-U.S.) currencies, including, but not limited to, collateralized debt obligations, collateralized loan obligations (“CLOs”), convertible bonds, collateralized mortgage obligations and U.S. and foreign (non-U.S.) mortgage-backed and asset-backed debt instruments;debt instruments that are denominated in U.S. or foreign (non-U.S.) currencies and issued or guaranteed by the U.S. government and foreign (non-U.S.) governments and their agencies and instrumentalities;preferred stocks;money market instruments; andmunicipal bonds.Generally, the Sub-Adviser maintains a dollar-weighted average duration between three and ten years for the Fund. Duration is a commonly used measure of risk in debt instruments as it incorporates multiple features of debt instruments (e.g., yield, coupon, maturity, etc.) into one number. Duration is a measure of sensitivity of the price of a debt instrument to a change in interest rates. Duration is a weighted average of the times that interest payments and the final return of principal are received. The weights are the amounts of the payments discounted by the yield-to-maturity of the debt instrument. Duration is expressed as a number of years. The bigger the duration number, the greater the interest rate risk or reward for the debt instrument prices. For example, the price of a bond with an average duration of 5 years would be expected to fall approximately 5% if market interest rates rose by 1%. Conversely, the price of a bond with an average duration of 5 years would be expected to rise approximately 5% if market interest rates dropped by 1%.The Fund may also invest up to 10% of its assets in high-yield (high risk) debt instruments, commonly referred to as “junk bonds.” High-yield debt instruments are debt instruments that, at the time of purchase, are not investment-grade fixed-income securities as defined above. High-yield debt instruments, at the time of purchase, are rated at least B3 by Moody’s, B- by S&P, B- by Fitch, or have an equivalent rating by a NRSRO, or, if unrated, are determined by the Sub-Adviser to be of comparable quality.The Fund may invest in real estate securities including real estate investment trusts (“REITs”).The Fund may also engage in dollar roll transactions, repurchase agreements and reverse repurchase agreements, options, futures and forward contracts involving securities, securities indices, foreign currencies, interest rates, and swap agreements, including credit default swaps. The Fund typically uses derivatives to reduce exposure to other risks, such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or to enhance returns in the Fund.The Sub-Adviser believes that relationships between the drivers of debt instrument returns change over time and that recognizing this is key to managing such assets. Therefore, the Sub-Adviser employs a dynamic investment process that seeks to balance top-down macro economic considerations and fundamental bottom-up analysis during the steps of its investment process:sector allocation, security selection, duration, and yield curve management. This includes utilizing proprietary qualitative analysis along with quantitative tools throughout the portfolio construction process.In evaluating investments for the Fund, the Sub-Adviser takes into account a wide variety of factors and considerations to determine whether any or all of those factors or considerations might have a material effect on the value, risks, or prospects of an investment. Among the factors considered, the Sub-Adviser expects typically to take into account environmental, social, and governance (“ESG”) factors to determine whether one or more factors may have a material effect. In considering ESGfactors, the Sub-Adviser intends to rely primarily on factors identified through its proprietary empirical research and on third-party evaluations of an issuer’s ESG standing. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in an issuer, if at all, will depend on the analysis and judgment of the Sub-Adviser.The Fund may also invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder (“1940 Act”).The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others.The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 13% of its total assets.
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ISCFX - Performance

Return Ranking - Trailing

Period ISCFX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -27.3% 3.4% 1.14%
1 Yr N/A -15.4% 180.8% 35.91%
3 Yr N/A* -14.5% 31.9% 68.47%
5 Yr N/A* -10.6% 21.4% 59.78%
10 Yr N/A* -4.0% 9.7% 3.03%

* Annualized

Return Ranking - Calendar

Period ISCFX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.5% -26.5% 144.0% 87.15%
2022 -4.6% -15.7% 13.1% 62.61%
2021 4.5% -13.0% 5.1% 58.85%
2020 8.9% -3.3% 4.1% 70.74%
2019 -6.8% -3.1% 1.3% 76.05%

Total Return Ranking - Trailing

Period ISCFX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -27.3% 3.4% 0.76%
1 Yr N/A -15.9% 180.8% 27.80%
3 Yr N/A* -14.5% 31.9% 69.57%
5 Yr N/A* -10.6% 21.4% 59.66%
10 Yr N/A* -4.0% 10.0% 3.03%

* Annualized

Total Return Ranking - Calendar

Period ISCFX Return Category Return Low Category Return High Rank in Category (%)
2023 -16.3% -26.5% 144.0% 71.49%
2022 -0.1% -15.7% 13.1% 42.17%
2021 13.6% -13.0% 5.1% 15.31%
2020 16.5% -3.3% 4.1% 2.66%
2019 -2.5% -3.1% 1.3% 31.14%

NAV & Total Return History


ISCFX - Holdings

Concentration Analysis

ISCFX Category Low Category High ISCFX % Rank
Net Assets 113 M 2.7 M 44.4 B 74.15%
Number of Holdings 711 5 9191 22.35%
Net Assets in Top 10 15.3 M -29.6 M 3.34 B 54.55%
Weighting of Top 10 18.76% 1.8% 100.0% 44.70%

Top 10 Holdings

  1. 2 Year Treasury Note Future Sept 21 9.11%
  2. 2 Year Treasury Note Future Sept 21 9.11%
  3. 2 Year Treasury Note Future Sept 21 9.11%
  4. 2 Year Treasury Note Future Sept 21 9.11%
  5. 2 Year Treasury Note Future Sept 21 9.11%
  6. 2 Year Treasury Note Future Sept 21 9.11%
  7. 2 Year Treasury Note Future Sept 21 9.11%
  8. 2 Year Treasury Note Future Sept 21 9.11%
  9. 2 Year Treasury Note Future Sept 21 9.11%
  10. 2 Year Treasury Note Future Sept 21 9.11%

Asset Allocation

Weighting Return Low Return High ISCFX % Rank
Bonds
97.98% 15.65% 141.47% 32.95%
Convertible Bonds
5.32% 0.00% 78.47% 29.92%
Preferred Stocks
0.39% 0.00% 9.18% 14.39%
Stocks
0.00% 0.00% 5.27% 84.09%
Other
0.00% -0.89% 3.98% 81.06%
Cash
-3.69% -49.09% 10.75% 93.94%

Bond Sector Breakdown

Weighting Return Low Return High ISCFX % Rank
Corporate
86.16% 41.80% 100.00% 71.21%
Government
10.61% 0.00% 25.63% 21.59%
Securitized
2.62% 0.00% 23.18% 20.83%
Cash & Equivalents
0.60% 0.00% 11.30% 60.98%
Derivative
0.00% 0.00% 27.02% 84.47%
Municipal
0.00% 0.00% 3.62% 92.80%

Bond Geographic Breakdown

Weighting Return Low Return High ISCFX % Rank
US
85.50% 15.65% 108.09% 34.47%
Non US
12.48% 0.00% 47.05% 61.36%

ISCFX - Expenses

Operational Fees

ISCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.02% 5.60% 45.53%
Management Fee 0.50% 0.00% 1.35% 89.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% 60.54%

Sales Fees

ISCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ISCFX 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.

ISCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 259.00% 0.00% 259.00% 97.51%

ISCFX - Distributions

Dividend Yield Analysis

ISCFX Category Low Category High ISCFX % Rank
Dividend Yield 0.00% 0.00% 7.50% 20.08%

Dividend Distribution Analysis

ISCFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ISCFX Category Low Category High ISCFX % Rank
Net Income Ratio 2.75% 0.38% 7.58% 15.84%

Capital Gain Distribution Analysis

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

Distributions History

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ISCFX - Fund Manager Analysis

Managers

Anil Katarya


Start Date

Tenure

Tenure Rank

May 31, 2013

9.01

9.0%

Anil Katarya, CFA Co-Head of Investment Grade Credit Anil Katarya is co-head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously, Anil was the head of credit portfolio management and also served as a portfolio manager and credit analyst on the investment grade team since joining Voya in 2000. Prior to joining the firm, Anil was a financial analyst for Mirant Inc. He received a BS in mechanical engineering from Kurukshetra University, India, and an MBA from Georgia State University. Anil holds the Chartered Financial Analyst® designation.

Travis King


Start Date

Tenure

Tenure Rank

May 31, 2013

9.01

9.0%

Travis King, CFA Co-Head of Investment Grade Credit Travis King is co-head of investment grade credit at Voya Investment Management. Prior to joining the firm, he was a senior fixed income analyst with Reams Asset Management. Travis received a BBA from James Madison University and an MBA from Memorial University. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.22 2.41