Investment Management

Voya™ Investment Management was formerly ING U.S. Investment Management

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.

Fund Description

Overview

  • 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

Investment Objective

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 10/23/2014

Net Asset Value (NAV) $8.70
% Change -0.11
$ Change -0.01
Public Offering Price (POP) $8.92
YTD Return +4.58%

Lookup Historical Prices

Fund Facts

Ticker Symbol LEXNX
CUSIP 92913L692
Inception Date Aug 17, 1973
Dividends Paid Monthly
Min. Initial Investment $1,000.00

More Info

Management Team

Peter Guan, PhD

Portfolio Manager

Managed Fund since 2009

Jeff Dutra, CFA

Portfolio Manager

Managed Fund since 2009

Justin McWhorter, CFA, CPA

Portfolio Manager

Managed Fund since 2009

 

More Info

Average Annual Total Returns %

As of 09/30/2014 As of 09/30/2014 YTD 1 YR 3 YR 5 YR 10 YR Inception (08/17/73) Gross Exp. Net Exp. 1, 2
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
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.

View Detailed Performance

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.

SEC fund returns assume the reinvestment of dividends and capital gain distributions and include a sales charge. Net Asset Value fund returns assume the reinvestment of dividends and capital gain distributions. Total return for less than one year is not annualized. Results would have been less favorable if the sales charge were included.

Benchmark Disclosures

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.

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. As Interest Rates rise, bond prices fall, reducing the value of the Fund's share price. To the extent that the Fund invests in asset-backed, Mortgage-Backed or Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. While the Fund invests in securities guaranteed by the U.S. Government as to timely payments of interest and principal, the Fund shares are Not Insured or Guaranteed. Other risks of the Fund include but are not limited to: Credit Risks; Extension Risks; Other Investment Companies' Risks; Prepayment Risks; U.S. Government Securities and Obligations Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
Top