Investment Management

Voya High Yield Bond 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

  • Pure high yield fund that does not invest in equities or bank loans; ideal for asset allocation
  • Highly experienced dedicated high yield team, leveraging the broad Voya fixed income platform
  • Portfolio construction process incorporates multiple sources of alpha in a prudent risk/return framework
  • Investment process designed to generate consistent outperformance and strong risk-adjusted returns


Investment Objective

The Fund seeks to provide investors with a high level of current income and total return.

Daily Prices as of 04/21/2017

Net Asset Value (NAV) $8.12
% Change +0.12
$ Change +0.01
Public Offering Price (POP) $8.33
YTD Return +2.45%

Lookup Historical Prices

Fund Facts

Ticker Symbol IHYAX
CUSIP 92913L627
Inception Date Dec 15, 1998
Dividends Paid Monthly
Min. Initial Investment $1,000.00

Management Team

Matt Toms, CFA

Portfolio Manager

Managed Fund since 2010

Rick C. Cumberledge, CFA

Portfolio Manager

Managed Fund since 2013

Randy Parrish, CFA

Portfolio Manager

Managed Fund since 2007

 

More Info

Average Annual Total Returns %

  As of Mar 31, 2017 As of Mar 31, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Gross Net 1, 2
Net Asset Value +1.99 +12.13 +3.75 +6.42 +6.06 1.07% 1.07%
With Sales Charge -0.61 +9.26 +2.87 +5.88 +5.79
Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index +2.70 +16.39 +4.58 +6.82 +7.54
Net Asset Value +1.99 +12.13 +3.75 +6.42 +6.06 1.07% 1.07%
With Sales Charge -0.61 +9.26 +2.87 +5.88 +5.79
Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index +2.70 +16.39 +4.58 +6.82 +7.54

Inception Date - Class A: 12/15/98

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, 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, 2017. 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.

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.

Benchmark Disclosures

Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index

The Barclays U.S. Corporate High Yield - 2% Issuer Capped Index is an unmanaged index comprised of fixed rate, non-investment grade debt securities that are dollar denominated and non-convertible.  The index limits the maximum exposure to any one issuer to 2%.  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. High-Yield Securities, or “junk bonds”, are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified in Emerging Markets. As Interest Rates rise, bond prices may fall, reducing the value of the Fund's share price. Debt Securities with longer durations tend to be more sensitive to interest rate changes. Other risks of the Fund include but are not limited to: Credit Risks; Other Investment Companies' Risks; Price Volatility Risks; Inability to Sell Securities 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