Voya Emerging Markets Hard Currency Debt Fund | Voya Investment Management

Voya Emerging Markets Hard Currency Debt Fund - Class A

Class A: VMHAX
Class I: VEMHX
Class P: IHCSX
Class W: VEMWX
For more information call 1 (800) 334-3444
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Voya Emerging Markets Hard Currency Debt Fund

Emerging market opportunities without emerging market currency risk.

Daily Prices

as of June 28, 2022

Net Asset Value (NAV)$7.30
% Change-0.82
$ Change-0.06
YTD Return-20.72%

The Voya Emerging Markets Hard Currency Debt Fund Offers

Focus on risk-adjusted returns anchored by style purity

Pure EMD hard currency strategy that excludes EM local currency assets to reduce portfolio volatility and enhance risk-adjusted return profile

Risk aware does not equal risk averse

Actively managed strategy with risk management integrated through each step of investment process

Deep credit expertise with a focus on security selection

Balanced top-down macro and rigorous bottom-up credit analysis with a focus on diversification and avoidance of issuer concentration

Product Facts

Ticker SymbolVMHAX
CUSIP92913M336
Inception DateAugust 1, 2017
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Invests at least 80% in sovereign and quasi-sovereign debt instruments of emerging market countries denominated in U.S. dollar and other foreign hard currencies
  • May invest up to 20% in debt securities of corporate issuers in emerging market countries
  • The Fund provides exposure to emerging market debt without currency risk of emerging markets

Investment Objective

The Fund seeks total return including capital appreciation and current income.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of May 31, 2022

As of March 31, 2022

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
GrossNet
Net Asset Value-15.66-16.76-2.40-0.58+1.791.78%1.15%
With Sales Charge-17.76-18.85-3.21-1.08+1.52
Net Asset Value-9.66-7.67-0.02+1.28+2.541.78%1.15%
With Sales Charge-11.91-9.95-0.85+0.76+2.27
JP Morgan Emerging Markets Bond Index - Global Diversified Index-15.03-15.38-2.09+0.06+2.48
JP Morgan Emerging Markets Bond Index - Global Diversified Index-10.02-7.44+0.01+1.69+3.13

Inception Date - Class A:August 1, 2017

Inception Date - Class P:August 9, 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.

Yields

As of May 31, 2022

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.

6.25
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).

6.50
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.

3.88
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.

3.78

Returns-Based Characteristics

As of May 31, 2022

3 Year5 Year10 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.

12.92
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.

1.08
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.

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.

-0.02
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.

-0.17
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.

-0.21

Growth of a $10,000 Investment

For the period 08/01/2017 through 05/31/2022

Ending Value: $9,635.00

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 May 31, 2022

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.

$156.7
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

212
Duration years6.03
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.

12.63
Total

Top Issuers

as of May 31, 2022

DOMINICAN REPUBLIC (GOVERNMENT3.74
TURKEY (REPUBLIC OF)3.63
PANAMA REPUBLIC OF (GOVERNMENT3.16
EGYPT (ARAB REPUBLIC OF)3.14
PETROLEOS MEXICANOS2.73
COLOMBIA (REPUBLIC OF)2.56
SAUDI ARABIAN OIL CO2.40
ROMANIA (REPUBLIC OF)2.16
INDONESIA (REPUBLIC OF)2.10
SOUTH AFRICA (REPUBLIC OF)1.90
Total#,###.2

Credit Quality

% of Total Investments as of May 31, 2022

Treasuries/Cash6.44
AAA0.00
AA2.64
A10.90
BBB31.78
BB22.83
B19.18
<B4.94
Not Rated1.29
Total#,###.2

Top Country Weightings

% of Total Investments as of May 31, 2022

INDONESIA8.18
MEXICO8.01
PANAMA5.78
SAUDI ARABIA4.92
CHILE4.87
DOMINICAN REPUBLIC4.49
TURKEY4.49
COLOMBIA3.70
KAZAKHSTAN3.49
EGYPT3.35
Total#,###.2

Maturity Details

% of Total Investments as of May 31, 2022

Cash6.44
<1 Year0.83
1-3 Years4.42
3-5 Years13.31
5-7 Years12.96
7-10 Years23.16
10-20 Years13.87
>20 Years25.01
Total#,###.2

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.

Ratings

Morningstar™ Ratings

As of May 31, 2022

Overall3 Year5 Year10 Year
253 Funds253 Funds214 FundsN/A

Category: Emerging Markets Bond

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 Dividend05/31/2022$0.025600
Income Dividend04/30/2022$0.026500
Income Dividend03/31/2022$0.027600
Income Dividend02/28/2022$0.026800
Income Dividend01/31/2022$0.030600
Income Dividend12/31/2021$0.030300
Income Dividend11/30/2021$0.028300
Income Dividend10/31/2021$0.029500
Income Dividend09/30/2021$0.029200
Income Dividend08/31/2021$0.029900
Income Dividend07/31/2021$0.034300
Income Dividend06/30/2021$0.033100
Income Dividend05/31/2021$0.034000
Totals: $0.385700

Investment Team

View Fund Adviser/Sub Adviser

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, an Arizona limited liability company, serves as the investment adviser to the Fund. Voya Investments has overall responsibility for the management of the Fund. Voya Investments oversees all investment advisory and portfolio management services and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Fund, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. Voya Investments is registered with the SEC as an investment adviser. Voya Investments' principal office is located at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169.
Anil Katarya

Anil Katarya, CFA

Global Head of Investment Grade Credit

Years of Experience: 24

Years with Voya: 22

Anil Katarya is global head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously at Voya, Anil was the head of credit portfolio management and served as a portfolio manager and credit analyst on the investment grade team. Prior to joining Voya, Anil was a financial analyst for Mirant Inc. He earned an MBA from Georgia State University and a BS in mechanical engineering from Kurukshetra University, India. He is a CFA® Charterholder.
Anthony Routh

Anthony Routh

Portfolio Manager, Emerging Markets Debt

Years of Experience: 16

Years with Voya: 16

Anthony Routh is a portfolio manager on the emerging markets debt team at Voya Investment Management. Previously at Voya, he was a portfolio manager on the structured finance team, covering non-agency mortgages and asset-backed securities. Prior to that, Anthony was an analyst for the non-agency MBS trading desk at Voya. He earned a BBA in finance from the University of Georgia.

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.

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