Investment Management

Voya Short Term Bond Fund - Class A

 Class T shares of the Fund are not currently offered.

Fund Description

Overview

  • Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in a diversified portfolio of bonds or derivative instruments having economic characteristics similar to bonds
  • The average dollar-weighted maturity of the Fund will not exceed 3 years
  • The Fund invests in non-government issued debt securities, issued by companies of all sizes, rated investment grade, but may also invest up to 10% of its total assets in high yield securities rated B or better
  • The Sub-Adviser employs a dynamic investment process that balances top-down macro-economic considerations and fundamental bottom-up analysis during the steps of its investment process - sector allocation, security selection, duration and yield curve management

Investment Objective

The Fund seeks maximum total return.

Daily Prices as of 08/22/2017

Net Asset Value (NAV) $9.86
% Change 0.00
$ Change 0.00
Public Offering Price (POP) $10.11
YTD Return +1.27%

Lookup Historical Prices

Fund Facts

Ticker Symbol IASBX
CUSIP 92913L502
Inception Date Dec 19, 2012
Dividends Paid Monthly
Min. Initial Investment $1,000.00

Management Team

Dave S. Goodson

Portfolio Manager

Managed Fund since 2017

Randy Parrish, CFA

Portfolio Manager

Managed Fund since 2017

Matt Toms, CFA

Portfolio Manager

Managed Fund since 2012

 

More Info

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 (12/19/12) Gross Net 1, 2
Net Asset Value +1.18 +0.92 +1.15 +1.15 0.86% 0.81%
With Sales Charge -1.33 -1.56 +0.29 +0.59
Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index +0.98 +0.59 +1.06 +0.95
Net Asset Value +0.95 +0.83 +1.01 +1.12 0.96% 0.80%
With Sales Charge -1.55 -1.65 +0.15 +0.55
Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index +0.72 +0.35 +0.95 +0.91

Inception Date - Class A: 12/19/12

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, 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.

Benchmark Disclosures

Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index

The Barclays 1-3 Year Government/Credit Index covers treasuries, agencies, publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. For comparison purposes, the index is fully invested, which includes the reinvestment of income. The returns for the index do not include any transaction costs, management fees or other costs. 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. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. 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. The Fund is subject to both Credit and Interest Rate Risk. The Fund's share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit Risk refers to the bond issuers and senior loan issuers ability to make timely payments of principal and interest. 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. To the extent that the Fund invests in Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. Other risks of the Fund include but are not limited to: Company; Credit Default Swaps; Currency; Investment Model; Market; Market Capitalization; Municipal Obligations; Other Investment Companies'; Price Volatility; Prepayment and Extension; Securities Lending; Sovereign Debt and U.S. Government Securities and Obligations Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
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