Voya High Yield Bond Fund | Voya Investment Management

Voya High Yield Bond Fund - Class A

Class A: IHYAX
Class C: IMYCX
Class I: IHYIX
Class R: IRSTX
Class R6: VHYRX
Class W: IHYWX
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Voya High Yield Bond Fund

High Income and Total Return Potential From a Consistent Investment Process and an Experienced Team

We seek to deliver consistent outperformance through active management emphasizing credit selection and prudent diversification.

Daily Prices

as of May 24, 2024

Net Asset Value (NAV)$6.84
% Change0.00
$ Change0.00
YTD Return1.59%

Product Facts

Ticker SymbolIHYAX
CUSIP92913L627
Inception DateDecember 15, 1998
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Pure high yield fund that does not invest in equities or bank loans; ideal for asset allocation
  • Portfolio construction process seeks multiple sources of alpha in a prudent risk/return framework
  • Investment process seeks consistent outperformance and strong risk-adjusted returns

Investment Objective

The Fund seeks to provide investors with a high level of current income and total return.

Performance

Average Annual Total Returns %

As of April 30, 2024

As of March 31, 2024

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
GrossNet
Net Asset Value+0.39+7.04+0.28+2.54+3.251.08%1.03%
With Sales Charge-2.16+4.41-0.58+2.03+2.99
Net Asset Value+1.20+8.89+0.90+3.00+3.381.08%1.03%
With Sales Charge-1.37+6.21+0.07+2.49+3.11
Bloomberg High Yield Bond-2% Issuer Constrained Composite Index+0.52+9.01+1.50+3.70+4.28
Bloomberg High Yield Bond-2% Issuer Constrained Composite Index+1.47+11.15+2.19+4.19+4.44

Inception Date - Class A:December 15, 1998

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 April 30, 2024

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.

6.47
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).

6.47
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.

6.22
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.

6.07

Returns-Based Characteristics

As of April 30, 2024

3 Year5 Year10 Year
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.

-1.18-1.08-0.81
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.

1.010.950.93
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.

-1.44-1.04-0.83
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.

0.990.990.98
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.

-0.330.040.24
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.

8.518.937.16

Growth of a $10,000 Investment

For the period 05/31/2014 through 04/30/2024

Ending Value: $13,772.00

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 April 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.

$406.2
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

416
Duration years1.92
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.

4.21
Total

Top Issuers

as of April 30, 2024

VENTURE GLOBAL LNG INC1.39
CCO HOLDINGS LLC1.31
TENET HEALTHCARE CORPORATION1.27
BAUSCH HEALTH COMPANIES INC1.11
TRANSDIGM GROUP INC1.09
ROYAL CARIBBEAN CRUISES LTD1.01
SIRIUS XM HOLDINGS INC0.96
VISTRA CORP0.86
CARNIVAL CORP0.84
COMMUNITY HEALTH SYSTEMS INC0.83
Total#,###.2

Credit Quality

% of Total Investments as of April 30, 2024

Treasuries/Cash1.26
>=BBB2.11
BB41.72
B44.04
CCC10.54
<CCC0.00
Not rated0.33
Total#,###.2

Top Industry

% of Total Investments as of April 30, 2024

Consumer Cyclical 20.31
Consumer Non Cyclical 14.40
Energy 13.01
Capital Goods 12.12
Communications 11.12
Fin Inst 10.20
Basic Industry 6.69
Technology 5.09
Utility 2.17
Industrial Other 1.69
Transportation 1.68
US Treasury & Cash1.26
Government Related0.25
Total#,###.2

Maturity Details

% of Total Investments as of April 30, 2024

Cash1.26
<1 Year1.64
1-3 Years22.12
3-5 Years43.80
5-7 Years25.88
7-10 Years4.31
10-20 Years0.56
>20 Years0.42
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 April 30, 2024

Overall3 Year5 Year10 Year
600 Funds600 Funds568 Funds430 Funds

Category: US Fund High Yield 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 Dividend04/30/2024$0.034740
Income Dividend03/28/2024$0.045980
Income Dividend02/29/2024$0.036453
Income Dividend01/31/2024$0.038812
Income Dividend12/29/2023$0.042176
Income Dividend11/30/2023$0.036360
Income Dividend10/31/2023$0.037262
Income Dividend09/29/2023$0.039488
Income Dividend08/31/2023$0.033784
Income Dividend07/31/2023$0.033759
Income Dividend06/30/2023$0.032670
Income Dividend05/31/2023$0.033914
Income Dividend04/28/2023$0.003178
Totals: $0.448577

Investment Team

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. 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. 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. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified in Emerging Markets. As Interest Rates rise, bond prices may fall, reducing the value of the Fund's share price. Debt Securities with longer durations tend to be more sensitive to interest rate changes. Other risks of the Fund include but are not limited to: Credit Risks; Other Investment Companies' Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending 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.

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