Voya Senior Income Fund - Class A
Class T shares of the Fund are not currently offered.
- Interval fund designed to provide investors with a high level of monthly income
- Invests in ultra-short duration floating rate loans that reset every 30, 60 or 90 days, making the Fund less affected by rising interest rates than many other fixed income funds
- Typically invests in senior secured asset-backed loans that are generally first in line to be repaid in the event of financial difficulty
- Invests at least 80% of its assets in below investment grade quality loans made to business entities domiciled in the U.S. and Canada
- As a fundamental policy, which may not be changed without shareholder approval, the Fund offers shareholders the opportunity to redeem their Common Shares on a monthly basis
The Fund seeks to provide investors with a high level of monthly income.
Limited Liquidity For Investors
The Fund does not repurchase its shares on a daily basis and no market for the Fund's Common Shares is expected to exist. To provide a measure of liquidity, the Fund will normally make monthly repurchase offers for not less than 5% of its outstanding Common Shares. If more than 5% of Common Shares are tendered for repurchase by investors, investors may not be able to completely liquidate their holdings in any one month. Shareholders also will not have liquidity between these monthly repurchase dates.
Daily Prices as of 08/16/2017
|Net Asset Value (NAV)||$12.60|
|Public Offering Price (POP)||$12.92|
|Inception Date||Apr 02, 2001|
|Min. Initial Investment||$1,000.00|
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||Gross||Net 1, 2|
|Net Asset Value||+1.65||+6.22||+3.64||+5.57||+4.34||2.23%||2.18%|
|With Sales Charge||-0.90||+3.58||+2.78||+5.04||+4.08|
|S&P/LSTA Leveraged Loan Index||+2.62||+6.64||+3.60||+4.48||+4.91||—||—|
|Net Asset Value||+1.03||+7.34||+3.48||+5.77||+3.92||2.23%||2.18%|
|With Sales Charge||-1.50||+4.65||+2.63||+5.24||+3.65|
|S&P/LSTA Leveraged Loan Index||+1.91||+7.42||+3.35||+4.58||+4.48||—||—||—|
Inception Date - Class A: 04/02/01
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 July 1, 2018. If the Fund were not to borrow, or the interest expense on the borrowings is excluded from the expenses of the Fund, the net annual expenses for Class A, Class C, Class I, and Class W shares would be 1.35%, 1.85%, 1.10%, and 1.10%, respectively.
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.
S&P/LSTA Leveraged Loan Index
The S&P/LSTA Leveraged Loan Index is an unmanaged total return index that captures accrued interest, repayments, and market value changes. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.