Class A: XSIAX
Class C: XSICX
Class I: XSIIX
Class W: XSIWX
Interval Fund can Maximize Benefits of Senior Loans
Voya Senior Income Fund
Interval structure reduces the need to hold cash in the fund, permits the use of leverage to potentially enhance yield and provides for orderly redemptions on a monthly basis at net asset value.
For more information call 1 (800) 334-3444
The Voya Senior Income Fund Offers
Senior loans have had positive performance in 17 of the last 19 years
S&P/LSTA Leveraged Loan Index Total Returns by Calendar Year
Source: Standard & Poor’s LCD, S&P/LSTA Leveraged Loan Index
Past performance does not guarantee future results. The S&P/LSTA Leveraged Loan Index is an unmanaged total return index that captures accrued interest, repayments and market value changes. An index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot directly invest in an index.
The Voya Difference
Attractive option for current income across the rate cycle
Senior loans interest payments reset with market rates, keeping interest rate risk lower than fixed rate bonds. Loans benefit from a "LIBOR floor", typically at 1%; payments will increase if LIBOR rises above that level.
One of the industry's most experienced senior loan teams
Voya has one of the largest dedicated teams, which focuses on diversification, liquidity and prudent risk-taking at all points in the investment cycle
Pure-play loan strategy
The Fund typically contains no allocation to other asset classes which can allow for lower duration risk, more efficient asset allocation, and greater clarity in risk exposures for investors.
2017 Tender Offer Schedule
|Jan.: 10-17||May: 5-12||Sept.: 8-15|
|Feb.: 7-14||June: 7-14||Oct.: 6-13|
|March: 7-14||July: 10-17||Nov.: 7-14|
|April: 10-17||Aug.: 7-14||Dec.: 7-14|
Meet the Managers
The Fund invests primarily in below investment-grade, floating rate senior loans that carry a higher than normal risk that borrowers may default in the timely payment of principal and interest on their loans, which would likely cause the value of the Fund's Common Shares to decrease. Changes in short-term market interest rates will directly affect the yield on the Fund's Common Shares. If such rates fall, the Fund's yield will also fall. If interest rate spreads on Fund's loans decline in general, the yield on the Fund's loans will fall and the value of the Fund's loans may decrease. When short-term market interest rates rise, because of the lag between changes in such short-term rates and the resetting of the floating rates on loans in the Fund's portfolio, the impact of rising rates will be delayed to the extent of such lag. Because of the limited secondary market for floating rate senior bank loans, the Fund's ability to sell its loans in a timely fashion and/or at a favorable price may be limited. An increase in the demand for loans may adversely affect the rate of interest payable on new loans acquired by the Fund, and it may also increase the price of loans purchased by the Fund in the secondary market. A decrease in the demand for loans may adversely affect the price of loans in the Fund's portfolio, which would cause the Fund's NAV to decrease. The Fund's use of leverage through borrowings can adversely affect the yield on the Fund's Common Shares. Due to 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. If more than 5% of Common Shares are tendered in any month, investors may not be able to completely liquidate their holdings in that month. The Fund may invest up to 20% of its assets in loans to borrowers in countries outside of the U.S. and Canada. Investment in foreign borrowers involves special risks, including potentially less rigorous accounting requirements, differing legal systems and potential political, social and economic adversity. The Fund may invest up to 15% of its assets in loans that are denominated in certain foreign currencies; however, the Fund will engage in currency exchange transactions to seek to hedge, as closely as practicable, 100% of the economic impact to the Fund arising from foreign currency fluctuations. Other risks of the Fund include but are not limited to: Borrowings; Preferred Shares; Diversification Risks; and Concentration Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
*Ratings and other statistics for load-waived Class A shares of the mutual fund reflect the investor experience for those investors who do not pay the funds' front-end sales load. Load waived shares are typically only available through advisory accounts and may not be available to all investors. Rankings for other share classes may be lower due to inclusion of fees in performance rankings. For additional share class information, please visit voyainvestments.com.
Past performance is not indicative of future results.
S&P/LSTA Leveraged Loan Index is an unmanaged total return index that captures accrued interest, repayments and market value changes.
Barclays U.S. Aggregate Bond Index is an unmanaged widely recognized index of publicly issued fixed-rate U.S. government, investment grade, mortgage-backed and corporate debt securities