Continue to site >
Trending ETFs

Name

As of 02/22/2023

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

$6.64

$500 M

0.00%

0.58%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$500 M

Holdings in Top 10

5.6%

52 WEEK LOW AND HIGH

$6.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 63.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/22/2023

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

$6.64

$500 M

0.00%

0.58%

VPHYX - 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 N/A
  • Net Income Ratio 5.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya High Yield Bond Fund
  • Fund Family Name
    Voya
  • Inception Date
    Jun 01, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randall Parrish

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of high-yield (high risk) bonds commonly known as “junk bonds.” The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.High-yield bonds are debt instruments that, at the time of purchase, are not rated by a nationally recognized statistical rating organization (“NRSRO”) or are rated below investment grade (e.g., rated below BBB- by S&P Global Ratings or Baa3 by Moody’s Investors Service, Inc.) or have an equivalent rating by a NRSRO. The Fund defines high-yield bonds to include: bank loans; payment-in-kind securities; fixed and variable floating rate and deferred interest debt obligations; zero-coupon bonds and debt obligations provided they are unrated or rated below investment grade. In evaluating the quality of a particular high-yield bond for investment by the Fund, the sub-adviser (the “Sub-Adviser”) does not rely exclusively on credit ratings assigned by a NRSRO. The Sub-Adviser will utilize a security’s credit rating as simply one indication of an issuer’s creditworthiness and will principally rely upon its own analysis of any security. The Sub-Adviser does not have restrictions on the rating level of the securities held in the Fund and may purchase and hold securities in default. There are no restrictions on the average maturity of the Fund’s portfolio or the maturity of any single investment. Maturities may vary widely depending on the Sub-Adviser’s assessment of interest rate trends and other economic or market factors.Any remaining assets may be invested in investment grade debt instruments; common and preferred stocks; U.S. government securities; money market instruments; and debt instruments of foreign (non-U.S.) issuers, including securities of companies in emerging markets. The Fund may invest in derivatives, including structured debt instruments, dollar roll transactions, swap agreements, including credit default swaps and interest rate swaps, and options on swap agreements. 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 Fund may invest in companies of any market capitalization size.The Fund may 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.In choosing investments for the Fund, the Sub-Adviser combines extensive company and industry research with relative value analysis to identify high-yield bonds expected to provide above-average returns. Relative value analysis is intended to enhance returns by moving from overvalued to undervalued sectors of the bond market. The Sub-Adviser’s approach to decision making includes contributions from individual portfolio managers responsible for specific industry sectors.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 ESG factors, 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 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.
Read More

VPHYX - Performance

Return Ranking - Trailing

Period VPHYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -6.1% 10.0% 90.70%
1 Yr N/A -17.3% 9.3% 95.51%
3 Yr N/A* -12.4% 53.3% 92.21%
5 Yr N/A* -14.1% 37.2% 78.68%
10 Yr N/A* -9.1% 18.4% 21.71%

* Annualized

Return Ranking - Calendar

Period VPHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -18.2% -33.4% 3.6% 88.15%
2022 -0.4% -4.3% 5.4% 67.25%
2021 0.2% -8.4% 70.9% 45.63%
2020 8.6% -1.1% 5.1% 33.39%
2019 N/A -4.0% 0.1% N/A

Total Return Ranking - Trailing

Period VPHYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -14.3% 10.0% 89.10%
1 Yr N/A -18.1% 5.2% 95.22%
3 Yr N/A* -12.4% 53.3% 93.53%
5 Yr N/A* -14.1% 37.2% 83.00%
10 Yr N/A* -9.1% 18.4% 20.44%

* Annualized

Total Return Ranking - Calendar

Period VPHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -11.4% -33.4% 3.6% 70.00%
2022 6.2% -4.3% 5.4% 27.64%
2021 7.3% -8.4% 70.9% 18.29%
2020 16.4% -1.0% 5.1% 7.67%
2019 N/A -4.0% 0.2% N/A

NAV & Total Return History


VPHYX - Holdings

Concentration Analysis

VPHYX Category Low Category High VPHYX % Rank
Net Assets 500 M 1.47 M 26.2 B 46.98%
Number of Holdings 413 2 2736 37.86%
Net Assets in Top 10 34.3 M -492 M 2.55 B 64.60%
Weighting of Top 10 5.55% 3.0% 100.0% 96.67%

Top 10 Holdings

  1. BlackRock Liquidity FedFund Instl 0.76%
  2. 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 0.64%
  3. Occidental Petroleum Corporation 6.625% 0.59%
  4. Yahoo (Verizon 09/01/2027 0.58%
  5. Yahoo (Verizon 09/01/2027 0.58%
  6. Yahoo (Verizon 09/01/2027 0.58%
  7. Yahoo (Verizon 09/01/2027 0.58%
  8. Yahoo (Verizon 09/01/2027 0.58%
  9. Yahoo (Verizon 09/01/2027 0.58%
  10. Yahoo (Verizon 09/01/2027 0.58%

Asset Allocation

Weighting Return Low Return High VPHYX % Rank
Bonds
95.42% 0.00% 154.38% 37.41%
Cash
3.11% -52.00% 100.00% 52.46%
Convertible Bonds
1.11% 0.00% 17.89% 48.12%
Stocks
0.37% -0.60% 52.82% 48.20%
Preferred Stocks
0.00% 0.00% 14.10% 56.21%
Other
0.00% -63.70% 32.06% 48.55%

Stock Sector Breakdown

Weighting Return Low Return High VPHYX % Rank
Consumer Defense
100.00% 0.00% 100.00% 0.52%
Utilities
0.00% 0.00% 100.00% 44.56%
Technology
0.00% 0.00% 34.19% 44.04%
Real Estate
0.00% 0.00% 86.71% 37.56%
Industrials
0.00% 0.00% 100.00% 47.67%
Healthcare
0.00% 0.00% 30.07% 36.01%
Financial Services
0.00% 0.00% 100.00% 43.26%
Energy
0.00% 0.00% 100.00% 79.53%
Communication Services
0.00% 0.00% 99.99% 61.66%
Consumer Cyclical
0.00% 0.00% 100.00% 51.81%
Basic Materials
0.00% 0.00% 100.00% 44.82%

Stock Geographic Breakdown

Weighting Return Low Return High VPHYX % Rank
US
0.37% -0.60% 47.59% 40.46%
Non US
0.00% -0.01% 5.26% 48.70%

Bond Sector Breakdown

Weighting Return Low Return High VPHYX % Rank
Corporate
96.71% 0.00% 129.69% 31.26%
Cash & Equivalents
3.12% 0.00% 99.98% 56.73%
Securitized
0.17% 0.00% 97.24% 34.30%
Derivative
0.00% 0.00% 45.95% 41.97%
Municipal
0.00% 0.00% 4.66% 28.08%
Government
0.00% 0.00% 99.07% 48.34%

Bond Geographic Breakdown

Weighting Return Low Return High VPHYX % Rank
US
84.28% 0.00% 150.64% 29.19%
Non US
11.14% 0.00% 118.12% 63.15%

VPHYX - Expenses

Operational Fees

VPHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.03% 18.97% 86.31%
Management Fee 0.59% 0.00% 1.84% 61.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

VPHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VPHYX 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.

VPHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 1.00% 255.00% 45.12%

VPHYX - Distributions

Dividend Yield Analysis

VPHYX Category Low Category High VPHYX % Rank
Dividend Yield 0.00% 0.00% 36.88% 20.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VPHYX Category Low Category High VPHYX % Rank
Net Income Ratio 5.52% -2.39% 14.30% 10.15%

Capital Gain Distribution Analysis

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

Distributions History

View More +

VPHYX - Fund Manager Analysis

Managers

Randall Parrish


Start Date

Tenure

Tenure Rank

Mar 01, 2007

15.26

15.3%

Randy Parrish, CFA Head of Credit Randy Parrish is head of credit and a senior high yield portfolio manager at Voya Investment Management. As head of credit, Randy oversees the high yield, investment grade and emerging market teams. Previously, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team since joining Voya in 2001. Prior to joining the firm, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy received a BBA in business administration from the University of Georgia and holds the Chartered Financial Analyst® designation.

Rick Cumberledge


Start Date

Tenure

Tenure Rank

Aug 30, 2013

8.76

8.8%

Rick Cumberledge, CFA Head of High Yield Rick Cumberledge is head of high yield and a senior high yield portfolio manager at Voya Investment Management. Prior to joining the firm, Rick spent nearly six years working at Federated Investors as a senior high yield credit analyst. His previous experience includes positions with American Capital Strategies, Bank of America and Allied Capital. Rick has a BA in business administration from Westminster College and an MSc in finance from the George Washington University. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17