Voya Strategic Income Opportunities Fund
The Fund seeks total return through income and capital appreciation through all market cycles.
Product Facts
| Ticker Symbol | ISIAX |
| CUSIP | 92913L700 |
| Inception Date | November 2, 2012 |
| Dividends Paid | Monthly |
| Min. Initial Investment | $1,000.00 |
About this Product
- A multi-sector strategy that seeks attractive returns by investing in the broad global fixed income universe.
- The fund takes a flexible unconstrained approach, not managed relative to an index, to obtain more attractive and diversified return potential.
- Collaborative process harnesses insights of more than 150 investment professionals; integrates sector and security analysis, trading and risk management.
Investment Objective
The Fund seeks total return through income and capital appreciation through all market cycles.
Performance
Average Annual Total Returns %
As of August 31, 2023
As of June 30, 2023
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +4.19 | +1.79 | +0.59 | +1.30 | +2.85 | 0.86% | 0.86% |
| With Sales Charge | +1.56 | -0.79 | -0.25 | +0.79 | +2.59 | ||
| Net Asset Value | +2.71 | +1.40 | +0.99 | +1.19 | +2.71 | 0.87% | 0.87% |
| With Sales Charge | +0.12 | -1.18 | +0.13 | +0.68 | +2.46 | ||
| ICE BofA U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index | +3.22 | +4.20 | +1.55 | +1.80 | +1.26 | — | — |
| ICE BofA U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index | +2.32 | +3.57 | +1.28 | +1.71 | +1.18 | — | — |
Inception Date - Class A:November 2, 2012
Current Maximum Sales Charge: 2.50%
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.
The 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. The expense limits will continue through at least 2024-08-01. The Fund is operating under the contractual expense limits.
The ICE BofA U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index is designed to track the performance of a synthetic asset paying LIBOR to a stated maturity. The index is based on the assumed purchase at par of a synthetic instrument having exactly its stated maturity and with a coupon equal to that day’s fixing rate. That issue is assumed to be sold the following business day (priced at a yield equal to the current day rate) and rolled into a new instrument. Investors cannot directly invest in an index. BofA indices used with permission, are provided “AS IS”, without warranties, and with no liability. BofA does not sponsor, endorse, review, or recommend Voya or its products or services.
Past performance does not guarantee future results.
Yields
As of August 31, 2023
| SEC 30-Day Yield (Unsubsidized) SEC 30-Day Yield (Unsubsidized): A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. | 4.94 |
| SEC 30-Day Yield (Subsidized) SEC 30-Day Yield (Subsidized): A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements). | 4.94 |
| Distribution Yield @ NAV Distribution Yield @ NAV: Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value. | 5.17 |
| Distribution Yield @ MOP Distribution Yield @ MOP: Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price. | 5.04 |
Returns-Based Characteristics
As of August 31, 2023
| 3 Year | 5 Year | 10 Year | |
|---|---|---|---|
| Standard Deviation Standard Deviation: A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk. | 3.24 | 6.06 | 4.44 |
| Sharpe Ratio Sharpe Ratio: A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. | -0.30 | -0.03 | 0.42 |
Growth of a $10,000 Investment
For the period 09/30/2013 through 08/31/2023
Ending Value: $13,239.00
The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.
Portfolio
Portfolio Statistics
As of August 31, 2023
| Net Assets millions Net Assets: The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding. | $1,587.6 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 1,528 |
| Duration years | 2.98 |
| Weighted Average Life years Weighted Average Life: The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes. | 6.73 |
| Total |
Top Issuers
as of August 31, 2023
| UMBS | 4.52 |
| JP MORGAN MORTGAGE TRUST JPMMT | 3.11 |
| GAM RESECURITIZATION TRUST GAM | 1.84 |
| FEDERAL NATIONAL MORTGAGE ASSO | 1.76 |
| STRUCTURED AGENCY CREDIT RISK | 1.45 |
| MEXICO (UNITED MEXICAN STATES) | 1.43 |
| RFM RE-REMIC TRUST RFM_22-FRR1 | 1.43 |
| FEDERAL HOME LOAN MORTGAGE COR | 1.19 |
| CITIGROUP COMMERCIAL MORTGAGE | 1.07 |
| GS MORTGAGE SECURITIES TRUST G | 0.96 |
| Total | #,###.2 |
Credit Quality
% of Total Investments as of August 31, 2023
| Treasuries/Cash | 7.78 |
| AAA | 12.13 |
| AA | 13.96 |
| A | 11.02 |
| BBB | 13.97 |
| BB | 13.90 |
| B | 12.21 |
| <B | 3.19 |
| Not Rated | 11.84 |
| Total | #,###.2 |
AAA is the highest grade (best) to D which is the lowest (worst) is calculated based on S&P, Moody’s, and Fitch agency ratings. If the ratings from all 3 rating agencies are available, securities will be assigned the Median rating. If the ratings are available from only two of the agencies, the more conservative of the ratings will be assigned to the security. If the rating is available from only one agency, then that rating will be used. Any security that is not rated is placed in the NR (Not Rated) category. Ratings do not apply to the Fund itself or to the Fund shares. Ratings are subject to change.
Sector Allocation
% of Total Investments as of August 31, 2023
| Commercial Mortgage-Backed Securities | 18.74 |
| Non-Agency RMBS and SF CRT | 17.65 |
| Asset-Backed Securities | 13.57 |
| Agency Mortgages | 12.62 |
| HY Corporates | 12.37 |
| US Treasury & Cash | 7.78 |
| Bank Loans | 7.49 |
| Emerging Markets | 6.04 |
| IG Corporates | 3.69 |
| Other | 0.03 |
| Total | #,###.2 |
Top Country Weightings
% of Total Investments as of August 31, 2023
| UNITED STATES | 89.30 |
| MEXICO | 2.41 |
| CANADA | 1.32 |
| SOUTH AFRICA | 1.25 |
| BRAZIL | 0.84 |
| UNITED KINGDOM | 0.81 |
| CAYMAN ISLANDS | 0.43 |
| COLOMBIA | 0.42 |
| BERMUDA | 0.32 |
| CHILE | 0.28 |
| Total | #,###.2 |
Maturity Details
% of Total Investments as of August 31, 2023
| Cash | 6.75 |
| <1 Year | 3.42 |
| 1-3 Years | 11.74 |
| 3-5 Years | 26.67 |
| 5-7 Years | 16.59 |
| 7-10 Years | 15.22 |
| 10-20 Years | 16.54 |
| >20 Years | 3.07 |
| Total | #,###.2 |
Maturity allocations are based on securities’ Average Life, which incorporates pre-payment assumptions and can thus be much different than a bond’s maturity date, particularly in the case of mortgage-backed securities.
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Ratings
Distributions
Payment Frequency: Monthly
| Ex-Date
Ex-Date: Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date. | Payable Date
Payable Date: Date on which a declared stock dividend or a bond interest payment is scheduled to be paid. | Record Date
Record Date: Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend. | Amount | |
|---|---|---|---|---|
| Income Dividend | 09/30/2023 | $0.038000 | ||
| Income Dividend | 08/31/2023 | $0.039500 | ||
| Income Dividend | 07/31/2023 | $0.039100 | ||
| Income Dividend | 06/30/2023 | $0.036100 | ||
| Income Dividend | 05/31/2023 | $0.037500 | ||
| Income Dividend | 04/30/2023 | $0.031600 | ||
| Income Dividend | 03/31/2023 | $0.032800 | ||
| Income Dividend | 02/28/2023 | $0.029800 | ||
| Income Dividend | 01/31/2023 | $0.032500 | ||
| Income Dividend | 12/31/2022 | $0.032700 | ||
| Income Dividend | 11/30/2022 | $0.027000 | ||
| Income Dividend | 10/31/2022 | $0.028200 | ||
| Income Dividend | 09/30/2022 | $0.029100 | ||
| Totals: $0.433900 | ||||
Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
Matt Toms, CFA
Global Chief Investment Officer
Years of Experience: 29
Years with Voya: 14
Sean Banai, CFA
Head of Portfolio Management
Years of Experience: 24
Years with Voya: 24
Brian Timberlake, PhD, CFA
Head of Fixed Income Research
Years of Experience: 20
Years with Voya: 20
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market securities may be especially volatile. 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. The Fund is subject to both Credit and Interest Rate Risk. The Fund's share price and yield will be affected by interest rate movements, with bond prices generally moving in the opposite direction from interest rates. Credit Risk refers to the bond issuers and senior loan issuers ability to make timely payments of principal and interest. 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. Other risks of the Fund include but are not limited to: Borrowing/Leverage Risks; Debt Securities Risk; Non-Diversification Risks; Other Investment Companies' Risks; Price Volatility Risks; Inability to Sell Securities Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
Diversification does not guarantee a profit or ensure against market loss.