Voya Enhanced Securitized Income Fund | Voya Investment Management

Voya Enhanced Securitized Income Fund - Class A

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Voya Enhanced Securitized Income Fund
An interval fund that provides access to securitized or adjacent markets in a flexible strategy targeting deep credit, illiquid, and/or private assets
Invests in securities or loans collateralized by distinct asset types: commercial real estate, residential housing and nonmortgage assets. Securities are expected to have a structured component. Assets may be private or illiquid and bear credit risk and duration risk.
 
The Fund operates as an interval fund pursuant to Rule 23c-3 under the 1940 Act.    

Daily Prices

as of July 24, 2024

Net Asset Value (NAV)$10.21
% Change-0.10
$ Change-0.01

Product Facts

Ticker SymbolVVJHX
CUSIP92891R109
Inception DateMay 1, 2024
Dividends Paid
Min. Initial Investment$1,000.00

About this Product

Interval fund designed to provide investors access to securitized markets, which may deliver returns that are less correlated to other risk markest with lower sensitivity to interest rates. 

May invest in securities or loans collateralized by distinct asset types: commercial real estate, residential housing and nonmortgage assets. Financial leverage may be utilized up to a 33 1/3% limit along with the potential for hedging strategies to mitigage interest rate, credit, prepayment and/or broader market and economic risks. 

Deploys expertise in underwriting and investments in deep credit, illiquid, and/or private assets in securitized or its adjacent markets. 

As a fundamental policy, which may not be changed wtihout shareholder approval, the Fund offers shareholders the opportunity to redeem their Common Shares on a quarterly basis.

Investment Objective

The Fund seeks to maximize total return through a combination of current income and capital appreciation.

Performance

Average Annual Total Returns %

As of June 30, 2024

As of June 30, 2024

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+2.535.13%3.69%
With Sales Charge-0.07
Net Asset Value+2.535.13%3.69%
With Sales Charge-0.07
Bloomberg U.S. Securitized MBS/ABS/CMBS Index+2.59
ICE BofA U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index+0.88
Bloomberg U.S. Securitized MBS/ABS/CMBS Index+2.59
ICE BofA U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index+0.88

Inception Date - Class A:May 1, 2024

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.

Portfolio

Portfolio Statistics

As of June 30, 2024

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.

$25.5
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

71
Duration years2.51
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.

4.02
Total

Top Issuers

as of June 30, 2024

BENEFIT STREET PARTNERS CLO LTD BSP_19-19A5.00
CARVANA AUTO RECEIVABLES TRUST CRVNA_23-P14.82
STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI4.71
NAVIENT STUDENT LOAN TRUST NAVSL_21-DA4.57
CHASE AUTO OWNER TRUST CHAOT_24-1A4.40
FREDDIE MAC - STACR 22-DNA24.39
FANNIE MAE - CAS_24-R014.10
FANNIE MAE CONNECTICUT AVENUE SECURITIES TRUST CAS_24-R024.05
ARIZONA BILTMORE TRUST ARZ_24-BILT4.02
STRUCTURED AGENCY CREDIT RISK STACR_21-DNA54.00
Total#,###.2

Credit Quality

% of Total Investments as of June 30, 2024

Treasuries/Cash23.72
AAA0.00
AA6.66
A0.00
BBB14.23
BB20.75
B16.82
<B0.00
Not Rated17.81
Total#,###.2

Top Sectors

% of Total Investments as of June 30, 2024

Asset Backed Securities32.92
US Treasury & Cash23.72
CMBS22.93
Non-Agency RMBS and SF CRT20.43
Total#,###.2

Maturity Details

% of Total Investments as of June 30, 2024

Cash23.72
<1 Year2.77
1-3 Years23.60
3-5 Years16.91
5-7 Years8.59
7-10 Years4.00
10-20 Years16.51
>20 Years3.89
Total#,###.2

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

Distributions

Payment Frequency:

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 Dividend06/28/2024$0.028619
Income Dividend05/31/2024$0.025623
Totals: $0.054242

Investment Team

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Asset-Backed (including Mortgage-Backed) Securities; Collateralized Loan Obligations; Commercial Real Estate Loans; Covenant-Lite Loans; Credit; Credit (Loans); Credit Default Swaps; Credit Risk Transfer Securities; Currency; Demand for Loans; Derivatives Instruments; Duration; Floating Rate Investments; Floating or Variable Rate Loans; Foreign (Non-U.S.) Investments; Futures Contracts; High Yield Securities; Interest in Loans; Interest Rate; Interest Rate for Floating or Variable Rate Loans; Inverse Floating Rate Instrument; Leverage; LIBOR Transition and Reference Benchmarks; Limited Liquidity For Investors; Limited Operating History; Limited Secondary Market for Loans; Liquidity; Market; Market Disruption and Geopolitical; Options; Prepayment and Extension; Real Estate Companies and Real Estate Investment Trusts; Regulatory Risks for Loans; Repurchase Agreements; Residential Mortgage Loans; Reverse Repurchase Agreements and Dollar Roll Transactions; Securities Lending; Temporary Defensive Positions; U.S. Government Securities and Obligations; Valuation of Loans; Warehouse Investments; and When-Issued, Delayed Delivery, and Forward Commitment Transactions. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks. 

An interval fund is a type of closed-end fund that is not listed on an exchange that periodically offers to repurchase a limited percentage of outstanding shares from its investors at slated intervals– typically quarterly, semiannually or annually. Investors should generally not expect to be able to sell their shares (other than through the repurchase process).

A note about risk: Although interval funds provide limited liquidity through periodic repurchase offers, investors should consider the funds to be an illiquid investment. There is no secondary market for interval funds, and none is expected to develop. Furthermore, unlike with open-end funds, which permit daily redemptions, investors cannot sell interval fund shares at any time. Because of these factors, investments in interval funds are subject to liquidity risk, as an investor may not be able to sell their shares in a timely manner at an advantageous price. There is no guarantee that an investor will be able to tender all or any of their requested fund shares in a periodic repurchase offer. The NAV of an interval fund may be volatile, and a fund’s use of leverage will increase this volatility.

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