Voya Floating Rate Fund - Class A
Class T shares of the Fund are not currently offered.
- Designed to provide investors with a high level of monthly income
- Invests in ultra-short duration, below investment grade floating rate loans that reset every 30, 60 or 90 days, making the fund less affected by rising interest rates than many other fixed income funds
- Typically invests in senior secured asset-backed loans that are generally first in line to be repaid in the event of financial difficulty
- Allows for daily redemptions
The Fund seeks to provide investors with a high level of current income.
Daily Prices as of 08/15/2017
|Net Asset Value (NAV)||$9.86|
|Public Offering Price (POP)||$10.11|
|Inception Date||Aug 17, 2010|
|Min. Initial Investment||$1,000.00|
Average Annual Total Returns %
|As of Jul 31, 2017 As of Jun 30, 2017||Expense Ratios|
|YTD||1 YR||3 YR||5 YR||10 YR||Inception (08/17/10)||Gross||Net 1, 2|
|Net Asset Value||+1.57||+4.41||+2.90||+3.78||—||+4.11||1.11%||1.03%|
|With Sales Charge||-1.02||+1.82||+2.04||+3.25||—||+3.73|
|S&P/LSTA Leveraged Loan Index||+2.62||+6.64||+3.60||+4.48||—||+4.96||—||—|
|Net Asset Value||+0.93||+4.85||+2.72||+3.83||—||+4.07||1.08%||1.04%|
|With Sales Charge||-1.64||+2.23||+1.86||+3.30||—||+3.68|
|S&P/LSTA Leveraged Loan Index||+1.91||+7.42||+3.35||+4.58||—||+4.91||—||—|
Inception Date - Class A: 08/17/10
Current Maximum Sales Charge: 2.50%
1The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment. Please see the Fund's prospectus for more information.
2The expense limits will continue through at least August 1, 2018. Expenses are being waived to the contractual cap.
The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above “Average Annual Total Returns %” for performance information current to the most recent month-end. Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
S&P/LSTA Leveraged Loan Index
The S&P/LSTA Leveraged Loan Index is an unmanaged total return index that captures accrued interest, repayments, and market value changes. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.