Voya Securitized Credit Fund - Class A
Class T shares of the Fund are not currently offered.
- Invests primarily in the mortgage and asset-backed markets including Commercial Mortgage Backed Securities (CMBS), Non-Agency Residential Mortgage Backed Securities (Non-Agency RMBS), and Asset Backed Securities (ABS).
- Dynamic and balanced investment process using proprietary bottom-up inputs to drive security selection and top-down macro themes to guide portfolio construction
- A dedicated team with 16 years average experience aligned to take advantage of unique expertise in specific sectors of the market
The Fund seeks to maximize total return through a combination of current income and capital appreciation.
Daily Prices as of 09/20/2017
|Net Asset Value (NAV)||$10.30|
|Public Offering Price (POP)||$10.56|
|Inception Date||Aug 03, 2015|
|Min. Initial Investment||$1,000.00|
Average Annual Total Returns %
|As of Aug 31, 2017 As of Jun 30, 2017||Expense Ratios|
|YTD||1 YR||3 YR||5 YR||10 YR||Inception (P - 08/07/14)||Gross||Net 1, 2|
|Net Asset Value||+6.71||+6.76||+5.64||—||—||+5.78||1.14%||1.01%|
|With Sales Charge||+4.09||+4.08||+4.75||—||—||+4.89|
|Bloomberg Barclays U.S. Securitized Bond Index||+2.62||+0.80||+2.48||—||—||+2.56||—||—|
|Net Asset Value||+4.86||+6.39||—||—||—||+5.48||1.04%||1.00%|
|With Sales Charge||+2.29||+3.71||—||—||—||+4.55|
|Bloomberg Barclays U.S. Securitized Bond Index||+1.39||-0.06||—||—||—||+2.29||—||—|
Inception Date - Class A: 08/03/15
Inception Date - Class P: 08/07/14
Current Maximum Sales Charge: 2.50%
Voya Securitized Credit Fund historical performance shown for Class A and Class I shares reflects the historical performance of Class P shares adjusted to reflect the higher expenses of Class A or Class I, respectively, for periods prior to the inception date of Class A (08/03/2015) and Class I (08/03/2015), and is being shown in italicized text . The Class P, Class A and Class I shares of the Fund would have substantially similar performance because they invest in the same portfolio of securities. However, Class P shares’ performance would be higher than Class A and Class I shares’ performance because of the higher expenses paid by Class A and Class I shares, respectively.
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.
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. 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. 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. As Interest Rates rise, bond prices fall, reducing the value of the Fund's share price. Other risks of the Fund include but are not limited to: Credit Risks; Credit Default Swaps; Currency; Interest in Loans; Issuer Non-Diversification; Liquidity; Other Investment Companies' Risks; Prepayment and Extension; Price Volatility Risks; U.S. Government Securities and Obligations; Sovereign Debt; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information.