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Name

As of 10/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Voya Intermediate Bond Fund

IICIX | Fund

$8.83

$8.36 B

5.14%

$0.46

0.34%

Vitals

YTD Return

4.6%

1 yr return

11.7%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

0.6%

Net Assets

$8.36 B

Holdings in Top 10

12.1%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 222.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

$250,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Voya Intermediate Bond Fund

IICIX | Fund

$8.83

$8.36 B

5.14%

$0.46

0.34%

IICIX - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.32%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya Intermediate Bond Fund
  • Fund Family Name
    Voya mutual funds
  • Inception Date
    Jan 08, 2002
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Toms

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a portfolio of bonds, including but not limited to corporate, government and mortgage bonds, which, at the time of purchase, are rated investment-grade (e.g., rated at least BBB- by S&P Global Ratings or Baa3 by Moody's Investors Service, Inc.) or have an equivalent rating by a nationally recognized statistical rating organization (“NRSRO”), or are of comparable quality if unrated. The Fund will provide shareholders with at least 60 days' prior notice of any change in this investment policy.Although the Fund may invest a portion of its assets in high-yield (high risk) debt instruments rated below investment grade (commonly referred to as “junk bonds”), the Fund will seek to maintain a minimum weighted average portfolio quality rating of at least investment grade. Generally, the sub-adviser (the “Sub-Adviser”) maintains a dollar-weighted average duration between three and ten years. Duration is a commonly used measure of risk in debt instruments as it incorporates multiple features of debt instruments (e.g., yield, coupon, maturity, etc.) into one number. Duration is a measure of sensitivity of the price of a debt instrument to a change in interest rates. Duration is a weighted average of the times that interest payments and the final return of principal are received. The weights are the amounts of the payments discounted by the yield-to-maturity of the debt instrument. Duration is expressed as a number of years. The bigger the duration number, the greater the interest rate risk or reward for the debt instrument prices. For example, the price of a bond with an average duration of 5 years would be expected to fall approximately 5% if market interest rates rose by 1%. Conversely, the price of a bond with an average duration of 5 years would be expected to rise approximately 5% if market interest rates dropped by 1%.The Fund may also invest in: preferred stocks; high quality money market instruments; municipal bonds; debt instruments of foreign (non-U.S.) issuers (including those located in emerging market countries); securities denominated in foreign (non-U.S.) currencies; foreign (non-U.S.) currencies; mortgage-backed and asset-backed securities; bank loans and floating rate secured loans (“Senior Loans”); and derivatives including futures, options, and swaps (including credit default swaps, interest rate swaps and total return swaps) involving securities, securities indices and interest rates, which may be denominated in the U.S. dollar or foreign (non-U.S.) currencies. The Fund typically uses derivatives to reduce exposure to other risks, such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or to enhance returns in the Fund.The Fund may seek to obtain exposure to the securities in which it invests by entering into a series of purchase and sale contracts or through other investment techniques such as buy backs and dollar rolls. Buy backs and dollar rolls involve selling securities and simultaneously entering into a commitment to purchase those or similar securities on a specified future date and price from the same party.The Fund may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder.The Sub-Adviser believes that relationships between the drivers of debt instrument returns change over time and that recognizing this is key to managing such assets. Therefore, the Sub-Adviser employs a dynamic investment process that seeks to balance 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. This includes utilizing proprietary qualitative analysis along with quantitative tools throughout the portfolio construction process.In evaluating investments for the Fund, the Sub-Adviser takes into account a wide variety of factors and considerations to determine whether any or all of those factors or considerations might have a material effect on the value, risks, or prospects of an investment. Among the factors considered, the Sub-Adviser expects typically to take into account environmental, social, and governance (“ESG”) factors to determine whether one or more factors may have a material effect. In considering ESG factors, the Sub-Adviser intends to rely primarily on factors identified through its proprietary empirical research and on third-party evaluations of an issuer’s ESG standing. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in an issuer, if at all, will depend on the analysis and judgment of the Sub-Adviser.The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising.The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 1∕3% of its total assets.
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IICIX - Performance

Return Ranking - Trailing

Period IICIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -2.4% 11.1% 17.45%
1 Yr 11.7% -6.8% 24.6% 18.06%
3 Yr -1.3%* -9.8% 28.5% 28.48%
5 Yr 0.6%* -7.3% 58.9% 38.15%
10 Yr 2.1%* -2.6% 74.0% 17.14%

* Annualized

Return Ranking - Calendar

Period IICIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -16.2% 8.1% 44.10%
2022 -16.2% -34.7% 131.9% 55.40%
2021 -3.8% -11.6% 4.4% 66.56%
2020 2.8% -10.1% 946.1% 70.29%
2019 6.1% -1.7% 16.9% 29.67%

Total Return Ranking - Trailing

Period IICIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -2.4% 11.1% 17.45%
1 Yr 11.7% -6.8% 24.6% 18.06%
3 Yr -1.3%* -9.8% 28.5% 28.48%
5 Yr 0.6%* -7.3% 58.9% 38.15%
10 Yr 2.1%* -2.6% 74.0% 17.14%

* Annualized

Total Return Ranking - Calendar

Period IICIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -11.3% 11.9% 26.77%
2022 -13.5% -32.2% 131.9% 48.37%
2021 -0.8% -9.4% 9.2% 41.12%
2020 8.4% -1.9% 1009.0% 47.85%
2019 10.3% 1.1% 21668.0% 13.59%

NAV & Total Return History

IICIX - Holdings

Concentration Analysis

IICIX Category Low Category High IICIX % Rank
Net Assets 8.36 B 2.9 M 314 B 19.80%
Number of Holdings 2251 1 17787 17.79%
Net Assets in Top 10 1.01 B 1.62 M 36.1 B 27.71%
Weighting of Top 10 12.06% 4.4% 432.9% 86.86%

Top 10 Holdings

  1. United States Treasury Note/Bond 3.64%
  2. NATIONAL BANK FINANCIAL INC 1.17%
  3. CANTOR FITZGERALD SECURITIES 1.17%
  4. Ginnie Mae II Pool 1.06%
  5. Fannie Mae Pool 1.06%
  6. United States Treasury Note/Bond 0.97%
  7. STATE OF WISCONSIN INVESTMENT BOARD 0.82%
  8. United States Treasury Note/Bond 0.80%
  9. MAREX CAPITAL MARKETS INC 0.70%
  10. United States Treasury Note/Bond 0.68%

Asset Allocation

Weighting Return Low Return High IICIX % Rank
Bonds 		97.64% 0.00% 993.61% 36.84%
Other 		7.86% -16.55% 52.94% 31.39%
Convertible Bonds 		2.65% 0.00% 7.93% 13.49%
Stocks 		0.00% 0.00% 99.99% 77.24%
Preferred Stocks 		0.00% 0.00% 71.02% 73.82%
Cash 		0.00% -54.51% 237.69% 95.30%

Bond Sector Breakdown

Weighting Return Low Return High IICIX % Rank
Securitized 		45.15% 0.00% 98.40% 15.45%
Corporate 		33.76% 0.00% 100.00% 38.72%
Government 		16.48% 0.00% 86.23% 71.37%
Municipal 		0.03% 0.00% 100.00% 70.55%
Derivative 		0.02% -1.41% 44.82% 48.88%
Cash & Equivalents 		0.00% -0.46% 237.69% 95.19%

Bond Geographic Breakdown

Weighting Return Low Return High IICIX % Rank
US 		97.64% 0.00% 993.61% 33.13%
Non US 		0.00% 0.00% 35.41% 76.28%

IICIX - Expenses

Operational Fees

IICIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.01% 39.64% 89.52%
Management Fee 0.27% 0.00% 1.76% 20.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 58.73%

Sales Fees

IICIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

IICIX 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.

IICIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 222.00% 2.00% 493.39% 72.32%

IICIX - Distributions

Dividend Yield Analysis

IICIX Category Low Category High IICIX % Rank
Dividend Yield 5.14% 0.00% 10.11% 23.06%

Dividend Distribution Analysis

IICIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

IICIX Category Low Category High IICIX % Rank
Net Income Ratio 2.32% -1.28% 4.79% 15.73%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IICIX - Fund Manager Analysis

Managers

Matthew Toms

Start Date

Tenure

Tenure Rank

Aug 02, 2010

11.84

11.8%

Matt Toms, CFA, Chief Investment Officer, Fixed Income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals, with broad oversight of Voya’s fixed income platform as well as business management responsibilities. As CIO, Matt serves as the chair of the Fixed Income Asset Allocation Committee, a group that formulates the fixed income platform’s strategic investment themes that in turn informs strategy and risk budgeting across public fixed income portfolios. Matt is also a member of the Investment Committee that is represented by the CIOs from across Voya Investment Management. Before becoming CIO, Matt was head of public fixed income at Voya Investment Management, overseeing the investment teams responsible for investment grade corporate, high yield corporate, structured products, mortgage-backed securities, emerging market debt and money market strategies for Voya’s general account and third-party business. Prior to joining the firm, Matt worked at Calamos Investments, where he built their fixed income business. He also has prior portfolio management experience at Northern Trust and Lincoln National. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation.

Dave Goodson

Start Date

Tenure

Tenure Rank

Apr 01, 2017

5.17

5.2%

Dave Goodson is head of securitized fixed income and a senior portfolio manager for Voya Investment Management’s non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies. Prior to joining the firm, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He received a BS in management from the Georgia Institute of Technology.

Randall Parrish

Start Date

Tenure

Tenure Rank

Apr 01, 2017

5.17

5.2%

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.

Sean Banai

Start Date

Tenure

Tenure Rank

Jul 31, 2021

0.83

0.8%

Sean Banai is head of portfolio management for the fixed income platform at Voya Investment Management. Previously, Sean was a senior portfolio manager and before that head of quantitative research for proprietary fixed income. Prior to joining the firm in 1999, he was a partner in a private sector company. Sean received a BA and an MS in actuarial science from Georgia State University. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16

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