Voya Intermediate Bond Fund - Class A

Morningstar silver award

Class A: IIBAX
Class C: IICCX
Class I: IICIX
Class R: IIBOX
Class R6: IIBZX
Class W: IIBWX
For more information call 1 (800) 334-3444
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Voya Intermediate Bond Fund

All-Weather Core Bond Strategy that Adapts to Market Changes

A broadly diversified, actively managed bond fund with a focus on risk control and achieving competitive returns across varying market conditions

Daily Prices

as of December 14, 2018

Net Asset Value (NAV)$9.72
% Change+0.10
$ Change+0.01
YTD Return-1.23%
Morningstar™ Overall RatingClass I as of 11/30/18Out of 887 FundsCategory: Fund Intermediate-Term Bond

The Voya Intermediate Bond Fund Offers

Competitively priced access to Voya's highly skilled fixed income platform

Dynamic investment process adjusts with economic conditions

Focus on risk-adjusted returns

Voya Intermediate Bond Fund Class I Has Delivered A Track Record Of Attractive Historical Performance Across Changing Markets

Voya Intermediate Bond Fund Class I Has Delivered A Track Record Of Attractive Historical Performance Across Changing Markets

Source: Morningstar®, Inc., Voya Investment Management. Annual rate change is based on the yield of the 10-Year U.S. Treasury.
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 “Average Annual Total Returns %” for performance information current to the most recent month-end.

The Voya Difference

  • Competitively priced
    Access Voya's highly skilled fixed income platform.
  • Dynamic investment process adjusts with economic conditions
    We actively adjust allocations by sector, yield, duration and quality to take advantage of market opportunities.
  • Focus on risk-adjusted returns
    Deep investment team – over 100 professionals – that has produced strong risk adjusted returns in both up and down markets.

Product Facts

Ticker SymbolIIBAX
CUSIP92913L650
Inception DateDecember 15, 1998
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • Offers broad exposure to a portfolio of investment-grade corporate, government, and mortgage bonds, which are investment-grade at the time of purchase
  • Disciplined, value investment style from stable, experienced team
  • Leverages proprietary qualitative analysis along with quantitative tools throughout the portfolio construction process
  • Low expenses

Investment Objective

The Fund seeks to maximize total return through income and capital appreciation.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

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. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.
Dave Goodson

Dave S Goodson

Portfolio Manager

Managed Fund since 2017

More Info
Dave Goodson is head of securitized fixed income and a senior portfolio manager for Voya Investment Management’s non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies. Prior to joining the firm, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He received a BS in management from the Georgia Institute of Technology.
Randy Parrish

Randy Parrish, CFA

Portfolio Manager

Managed Fund since 2017

More Info
Randy Parrish is head of credit and a senior high yield portfolio manager at Voya Investment Management. As head of credit, Randy oversees the high yield, investment grade and emerging market teams. Previously, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team since joining Voya in 2001. Prior to joining the firm, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy received a BBA in business administration from the University of Georgia and holds the Chartered Financial Analyst® designation.
Matt Toms

Matt Toms, CFA

Portfolio Manager

Managed Fund since 2010

More Info
Matt Toms is chief investment officer of fixed income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals. Before becoming CIO, Matt was head of public fixed income at Voya Investment Management, overseeing the investment teams responsible for investment grade corporate, high yield corporate, structured products, mortgage-backed securities, emerging market debt and money market strategies for Voya’s general account and third-party business. In this capacity, Matt led the fixed income investment strategy and portfolio management process in close partnership with Christine Hurtsellers, former CIO of fixed income and now chief executive officer of Voya Investment Management; he also served as a lead portfolio manager on many of Voya's multi-sector fixed income strategies. Prior to joining the firm, Matt worked with Calamos Investments, where he established and grew their fixed income business. He also has prior experience with Northern Trust and Lincoln National within both public and private corporate markets as well as across multi-sector and global bond portfolio management. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of November 30, 2018

As of September 30, 2018

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-1.86-1.43+1.93+2.51+5.170.67%0.67%
With Sales Charge-4.32-3.91+1.06+2.00+4.91
Net Asset Value-1.65-1.23+2.07+2.79+4.660.67%0.67%
With Sales Charge-4.11-3.70+1.20+2.27+4.39
Bloomberg Barclays U.S. Aggregate Bond Index-1.79-1.34+1.33+2.03+3.67
Bloomberg Barclays U.S. Aggregate Bond Index-1.60-1.22+1.31+2.16+3.77

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 November 30, 2018

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.

3.28
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).

3.28
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.

2.98
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.

2.91

Returns Based Statistics

As of November 30, 2018

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.

2.602.633.29
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.

0.940.950.90
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.

95.4094.9467.17
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.

0.620.551.80
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.

0.400.751.45
Tracking Error
Tracking Error:

A measure of how closely the returns of a portfolio tend to follow the returns of the index to which it is benchmarked; specifically, the variability of excess returns around the average.

0.590.621.92
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.

1.020.770.78

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.

Growth of a $10,000 Investment

For the period 12/31/2008 through 11/30/2018

Ending Value: $16,550.00

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 November 30, 2018

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.

$5,996.8
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

1,559
Duration years6.00
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.

9.22
Total

Portfolio Composition

as of November 30, 2018

Agency Mortgages32.05
Asset-Backed Securities11.35
Commercial Mortgage-Backed Securities5.90
Emerging Markets4.34
Government Related0.10
HY Corporates4.39
IG Corporates29.04
Non-Agency RMBS and SF CRT7.27
US Treasury & Cash5.55
Total#,###.2

Top Issuers

as of November 30, 2018

FANNIE MAE8.93
FREDDIE MAC GOLD6.23
FGOLD 30YR2.51
GNMA2 30YR2.04
FNMA 30YR1.37
GINNIE MAE II1.06
FANNIE MAE CONNECTICUT AVENUE 1.05
STRUCTURED AGENCY CREDIT RISK 0.84
GOVERNMENT NATIONAL MORTGAGE A0.81
BANK OF AMERICA CORP0.77
Total#,###.2

Credit Quality

% of Total Investments as of November 30, 2018

AAA38.86
AA5.21
A14.88
BBB19.82
BB4.33
B4.41
<B2.01
Not Rated4.94
Treasuries/Cash5.55
Total#,###.2

Maturity Details

% of Total Investments as of November 30, 2018

Cash-6.63
<1 Year2.70
1-3 Years13.91
3-5 Years14.82
5-7 Years19.17
7-10 Years33.91
10-20 Years13.18
>20 Years8.94
Total#,###.2

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

Distributions

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 Dividend11/30/2018$0.023700
Income Dividend10/31/2018$0.024700
Income Dividend09/30/2018$0.024000
Income Dividend08/31/2018$0.024800
Income Dividend07/31/2018$0.024800
Income Dividend06/30/2018$0.022900
Income Dividend05/31/2018$0.023600
Income Dividend04/30/2018$0.023100
Income Dividend03/31/2018$0.023800
Income Dividend02/28/2018$0.021700
Income Dividend01/31/2018$0.024300
Income Dividend12/31/2017$0.024300
Income Dividend11/30/2017$0.023600
Totals: $0.309300

Ratings

Morningstar™ Ratings

As of November 30, 2018

Overall3 Year5 Year10 Year
887 Funds887 Funds785 Funds568 Funds

Category: Fund Intermediate-Term Bond

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. 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. 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. As Interest Rates rise, bond prices fall, reducing the value of the Fund's share price. Other risks of the Fund include but are not limited to: Bank Instruments; Company; Credit; Credit Default Swaps; Currency; Floating Rate Loans; Interest in Loans; Interest Rate; Investment Models; Liquidity; Market; Market Capitalization; Municipal Securities; Other Investment Companies; Prepayment and Extension; Price Volatility; U.S. Government Securities and Obligations; Portfolio Turnover; 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.

The Morningstar Analyst Rating is not a credit or risk rating, but a subjective evaluation performed by the analysts of Morningstar, Inc.. Morningstar evaluates funds based on five key pillars (process, performance, people, parent and price). Morningstar’s analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral Rating and a Negative Rating, with Gold being the highest rating and Negative being the lowest rating. Analyst ratings are reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to http://www.morningstar.com/Cover/videoCenter.aspx?id=591905The Morningstar analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Morningstar’s current expectations about future events. Morningstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly. 

©2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. past performance is no guarantee of future results.