IHYAX: Voya High Yield Bond A

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IHYAX Voya High Yield Bond A


Profile

IHYAX - Profile

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $461 M
  • Holdings in Top 10 6.5%

52 WEEK LOW AND HIGH

$8.00
$7.77
$8.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.49%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya High Yield Bond Fund
  • Fund Family Name
    Voya
  • Inception Date
    Dec 15, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randall Parrish

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of high-yield (high risk) bonds commonly known as "junk bonds." High-yield bonds are debt securities that, at the time of purchase, are not rated by a nationally recognized statistical rating organization ("NRSRO") or are rated below investment-grade (for example, rated below BBB- by S&P Global Ratings or Baa3 by Moody's Investors Service, Inc.) or have an equivalent rating by a NRSRO.


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Categories

Performance

IHYAX - Performance

Return Ranking - Trailing

Period IHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -2.0% 1.7% 75.22%
1 Yr 2.4% -2.6% 6.3% 40.83%
3 Yr -0.7%* -5.5% 1.4% 46.58%
5 Yr -0.5%* -4.5% 1.3% 31.79%
10 Yr 1.1%* -4.8% 2.0% 1.91%

* Annualized

Return Ranking - Calendar

Period IHYAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.6% -0.2% 23.9% 34.14%
2018 -8.4% -17.1% -1.8% 66.14%
2017 0.5% -5.7% 4.8% 65.73%
2016 7.2% -5.3% 13.0% 60.75%
2015 -6.7% -20.6% 1.0% 23.12%

Total Return Ranking - Trailing

Period IHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -2.0% 1.7% 75.22%
1 Yr 2.4% -2.6% 6.4% 43.01%
3 Yr -0.7%* -5.5% 3.9% 62.53%
5 Yr -0.5%* -4.5% 4.8% 50.29%
10 Yr 1.1%* -4.8% 7.4% 22.01%

* Annualized

Total Return Ranking - Calendar

Period IHYAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.6% -0.2% 23.9% 38.73%
2018 -8.4% -17.1% 0.4% 72.50%
2017 0.5% -5.1% 8.1% 74.94%
2016 7.2% -5.3% 20.7% 69.09%
2015 -6.7% -20.6% 1.0% 39.02%

NAV & Total Return History


Holdings

IHYAX - Holdings

Concentration Analysis

IHYAX Category Low Category High IHYAX % Rank
Net Assets 461 M 1.02 M 26.8 B 56.90%
Number of Holdings 364 5 1532 37.42%
Net Assets in Top 10 30.1 M -449 M 2.1 B 66.02%
Weighting of Top 10 6.49% 4.3% 99.3% 96.94%

Top 10 Holdings

  1. HCA Inc. 5.38% 0.88%
  2. Sprint Corporation 7.12% 0.76%
  3. Valeant Pharmaceuticals International 8.5% 0.75%
  4. 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 0.65%
  5. CSC Holdings, LLC 5.25% 0.64%
  6. CommScope Technologies LLC 6% 0.62%
  7. Standard Industries Inc. 6% 0.59%
  8. Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 6.25% 0.54%
  9. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% 0.53%
  10. Post Holdings Inc. 5.62% 0.52%

Asset Allocation

Weighting Return Low Return High IHYAX % Rank
Bonds
95.37% 82.79% 143.50% 40.00%
Cash
4.02% -43.73% 21.02% 48.60%
Convertible Bonds
0.42% 0.00% 4.64% 47.53%
Stocks
0.19% -12.70% 9.17% 49.89%
Preferred Stocks
0.00% 0.00% 5.37% 76.34%
Other
0.00% -10.16% 6.34% 69.03%

Stock Sector Breakdown

Weighting Return Low Return High IHYAX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 35.76% N/A
Real Estate
0.00% 0.00% 80.24% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 42.86% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 22.91% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High IHYAX % Rank
US
0.19% -12.70% 9.17% 49.89%
Non US
0.00% 0.00% 2.95% 67.96%

Bond Sector Breakdown

Weighting Return Low Return High IHYAX % Rank
Corporate
95.95% 9.69% 100.00% 41.08%
Cash & Equivalents
4.05% -0.82% 49.29% 50.11%
Derivative
0.00% -0.02% 15.37% 70.32%
Securitized
0.00% 0.00% 46.32% 74.84%
Municipal
0.00% 0.00% 2.95% 58.49%
Government
0.00% 0.00% 35.67% 72.90%

Bond Geographic Breakdown

Weighting Return Low Return High IHYAX % Rank
US
82.36% 67.67% 118.63% 35.70%
Non US
13.01% 0.00% 29.53% 55.48%

Expenses

IHYAX - Expenses

Operational Fees

IHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.13% 20.17% 47.20%
Management Fee 0.61% 0.00% 1.60% 68.61%
12b-1 Fee 0.25% 0.00% 1.00% 40.51%
Administrative Fee N/A 0.01% 0.30% 61.04%

Sales Fees

IHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 2.00% 5.75% 86.21%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 1.88% 433.00% 18.70%

Distributions

IHYAX - Distributions

Dividend Yield Analysis

IHYAX Category Low Category High IHYAX % Rank
Dividend Yield 3.00% 0.00% 3.60% 2.37%

Dividend Distribution Analysis

IHYAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

IHYAX Category Low Category High IHYAX % Rank
Net Income Ratio 5.49% -0.01% 9.34% 37.23%

Capital Gain Distribution Analysis

IHYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IHYAX - Fund Manager Analysis

Managers

Randall Parrish


Start Date

Tenure

Tenure Rank

Mar 01, 2007

12.93

12.9%

Randy Parrish, CFA Head of Credit Randy Parrish is head of credit and a senior high yield portfolio manager at Voya Investment Management. As head of credit, Randy oversees the high yield, investment grade and emerging market teams. Previously, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team since joining Voya in 2001. Prior to joining the firm, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy received a BBA in business administration from the University of Georgia and holds the Chartered Financial Analyst® designation.

Rick Cumberledge


Start Date

Tenure

Tenure Rank

Aug 30, 2013

6.42

6.4%

Rick Cumberledge, CFA Head of High Yield Rick Cumberledge is head of high yield and a senior high yield portfolio manager at Voya Investment Management. Prior to joining the firm, Rick spent nearly six years working at Federated Investors as a senior high yield credit analyst. His previous experience includes positions with American Capital Strategies, Bank of America and Allied Capital. Rick has a BA in business administration from Westminster College and an MSc in finance from the George Washington University. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 35.46 6.44 1.08