Voya GNMA Income Fund - Class A
Class A Share return calculations with a starting date prior to July 31, 2006 are based on a 4.75% sales charge while returns with a starting date after July 31, 2006 are based on a 2.50% sales charge.
- Primarily invests in GNMA securities with maturities in excess of one year and which have the same credit quality as U.S. Treasury securities, but higher yields to compensate for prepayment uncertainty
- Seeks to deliver attractive income and returns by selecting GNMAs that can better withstand the impacts of changing interest rates and prepayment volatility
- One of the oldest mortgage-backed securities funds and the one with the longest manager tenure
The Fund seeks a high level of current income, consistent with liquidity and safety of principal, through investment primarily in Government National Mortgage Association (GNMA) mortgage-backed securities (also known as GNMA Certificates) that are guaranteed as to the timely payment of principal and interest by the U.S. Government. While the Fund invests in securities of this nature, its shares are not insured or guaranteed.
Daily Prices as of 12/19/2014
|Net Asset Value (NAV)||$8.68|
|Public Offering Price (POP)||$8.90|
|Inception Date||Aug 17, 1973|
|Min. Initial Investment||$1,000.00|
Average Annual Total Returns %
|As of Nov 30, 2014 As of Sep 30, 2014||As of Nov 30, 2014 As of Sep 30, 2014|
|YTD||1 YR||3 YR||5 YR||10 YR||Inception (08/17/73)||Gross Exp.||Net Exp. 1, 2|
|Net Asset Value||+5.00||+4.32||+2.30||+3.55||+4.44||+6.63||0.94%||0.94%|
|With Sales Charge||+2.37||+1.73||+1.45||+3.02||+3.93||+6.50|
|Net Asset Value||+3.68||+3.25||+2.17||+3.67||+4.30||+6.62||0.94%||0.94%|
|With Sales Charge||+1.08||+0.69||+1.32||+3.15||+3.80||+6.49|
|Barclays GNMA Index||+4.30||+3.77||+1.92||+3.85||+4.81||—||—||—|
* Return calculations with a starting date prior to July 31, 2006 are based on a 4.75% sales charge while returns with a starting date on or after July 31, 2006 are based on a 2.50% sales charge.
Current Maximum Sales Charge: 2.50%
1The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, brokerage, 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, 2015. The Fund is operating under the contractual expense limits.
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.
1 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.
2 Total investment return at market share price measures the change in the market value of your investment assuming reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market share price is not annualized for periods less than one year. Closed-end funds like the Fund do not continuously offer shares for sale and are not required to buy shares back from investors upon request. Shares of closed-end funds trade on national stock exchanges. Therefore, share prices are not directly affected by Fund operating expenses or fees which ordinarily have the effect of lowering total return.
Barclays GNMA Index
The Barclays GNMA Index is an unmanaged index covering mortgage-backed pass-through securities of the Government National Mortgage Association (GNMA). The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.