As of November 25, 2020, the Voya Diversified EMD Fund is closed to new investors and is being liquidated by January 22, 2021.
Voya Diversified Emerging Markets Debt Fund
Tap into a world of potential with risk-adjusted emerging market opportunities.
About this Product
- The Fund invests at least 80% of its net assets in debt instruments of issuers in emerging market countries
- The Fund may invest in a range of fixed-income and floating rate debt instruments of issuers in emerging markets countries, including sovereign and corporate debt, through direct investment as well as investment in a combination of other Voya funds
- The Fund’s current approximate target among the Fund’s asset classes are: sovereign debt securities denominated in hard currencies - 40%; debt securities denominated in local currencies - 40%; and corporate debt securities denominated in hard currencies - 20%
Investment Objective
The Fund seeks total return including capital appreciation and current income.
Performance
Average Annual Total Returns %
As of December 31, 2020
As of December 31, 2020
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Inception | Expense Ratios | |
|---|---|---|---|---|---|---|---|---|
| Gross | Net | |||||||
| Net Asset Value | +4.50 | +4.50 | +3.93 | +5.62 | — | +3.25 | 1.94% | 1.20% |
| With Sales Charge | +1.94 | +1.94 | +3.04 | +5.09 | — | +2.93 | ||
| Net Asset Value | +4.50 | +4.50 | +3.93 | +5.62 | — | +3.25 | 1.94% | 1.20% |
| With Sales Charge | +1.94 | +1.94 | +3.04 | +5.09 | — | +2.93 | ||
| 1/3 JP Morgan Government Bond Index - Emerging Markets Global Diversified USD Index/ 1/3 JP Morgan Emerging Markets Bond Index - Global Diversified Index/ 1/3 JP Morgan Corporate Emerging Markets Bond | +5.07 | +5.07 | +4.76 | +7.05 | — | +3.60 | — | — |
| 1/3 JP Morgan Government Bond Index - Emerging Markets Global Diversified USD Index/ 1/3 JP Morgan Emerging Markets Bond Index - Global Diversified Index/ 1/3 JP Morgan Corporate Emerging Markets Bond | +5.07 | +5.07 | +4.76 | +7.05 | — | +3.60 | — | — |
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 expense limits will continue through at least 2021-03-01.
Effective November 23, 2015, the Fund changed its primary benchmark from J.P. Morgan EMBI Global Diversified to 1/3 J.P. Morgan GBI EM Global Diversified; 1/3 J.P. Morgan EMBI Global Diversified; and 1/3 J.P. Morgan Corporate EMBI Broad Diversified because the 1/3 J.P. Morgan GBI EM Global Diversified; 1/3 J.P. Morgan EMBI Global Diversified; and 1/3 J.P. Morgan Corporate EMBI Broad Diversified is considered by the adviser to be more appropriate benchmarks reflecting the type of securities in which the Fund invests. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2016, J.P. Morgan Chase & Co. All rights reserved.
Returns-Based Characteristics
As of December 31, 2020
| 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. | 11.02 | 9.17 | — |
| Beta Beta: The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index. | 1.10 | 1.05 | — |
| R2 R2: The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification. | 1.00 | 0.99 | — |
| Alpha Alpha: A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta. | -1.04 | -1.61 | — |
| 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. | 0.27 | 0.52 | — |
| Information Ratio Information Ratio: The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns. | -0.69 | -1.20 | — |
Calendar Year Returns %
Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.
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 | 01/21/2021 | 01/22/2021 | 01/20/2021 | $0.010400 |
| Short-Term Capital Gain | 01/21/2021 | 01/22/2021 | 01/20/2021 | $0.043600 |
| Long-Term Capital Gain | 01/21/2021 | 01/22/2021 | 01/20/2021 | $0.187000 |
| Income Dividend | 12/31/2020 | 01/04/2021 | 12/30/2020 | $0.299500 |
| Long-Term Capital Gain | 12/31/2020 | 01/04/2021 | 12/30/2020 | $0.173600 |
| Short-Term Capital Gain | 12/31/2020 | 01/04/2021 | 12/30/2020 | $0.006700 |
| Totals: $0.720800 | ||||
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
Chief Investment Officer, Fixed Income
Years of Experience: 27
Years with Voya: 12
Jean-Dominique Butikofer, CFA
Head of Emerging Markets
Years of Experience: 25
Years with Voya: 7
Brian Timberlake, PhD, CFA
Head of Fixed Income Research
Years of Experience: 18
Years with Voya: 18
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.