Voya Strategic Income Opportunities Fund - Class A

Class A: ISIAX
Class C: ISICX
Class I: IISIX
Class R: ISIRX
Class R6: VSIRX
Class W: ISIWX
For more information call 1 (800) 334-3444
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Voya Strategic Income Opportunities Fund

An Uncertain Environment Calls for an Unconstrained Approach

Complementing a traditional fixed income allocation with a flexible, well-disciplined unconstrained bond strategy may add consistency of performance over the long term and further reduce a portfolio’s overall sensitivity to prevailing market risks.

Daily Prices

as of October 18, 2019

Net Asset Value (NAV)$10.27
% Change0.00
$ Change0.00
YTD Return6.98%

The Voya Strategic Income Opportunities Fund Offers

Aim to minimize risk over maximizing return

Seek to maximize risk-adjusted returns by using flexibility to manage prevailing market risks

Unconstrained portfolio construction, not unconstrained risk

Unconstrained approach to portfolio construction employed in a risk-aware manner

Seeks low correlations to traditional asset classes

Targets low correlations to global rates, and traditional fixed income and equity markets

Product Facts

Ticker SymbolISIAX
CUSIP92913L700
Inception DateNovember 2, 2012
Dividends PaidMonthly
Min. Initial Investment$1,000.00

About this Product

  • A multi-sector strategy that seeks attractive returns by investing in the broad global fixed income universe.
  • The fund takes a flexible unconstrained approach, not managed relative to an index, to obtain more attractive and diversified return potential.
  • Conservative absolute return goals with focus on downside risk mitigation through all markets may provide stable and consistent results across market conditions.
  • Collaborative process harnesses insights of more than 150 investment professionals; integrates sector and security analysis, trading and risk management.

Investment Objective

The Fund seeks total return through income and capital appreciation through all market cycles.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of September 30, 2019

As of September 30, 2019

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+6.97+5.95+4.93+4.30+3.910.94%0.94%
With Sales Charge+4.35+3.31+4.04+3.76+3.52
Net Asset Value+6.97+5.95+4.93+4.30+3.910.94%0.94%
With Sales Charge+4.35+3.31+4.04+3.76+3.52
ICE BofAML U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index+2.06+2.64+1.81+1.24+0.97
ICE BofAML U.S. Dollar 3-Month Deposit Offered Rate Constant Maturity Index+2.06+2.64+1.81+1.24+0.97

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.

Yields

As of September 30, 2019

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.

3.39
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).

3.39
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.

3.74
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.

3.65

Returns Based Statistics

As of September 30, 2019

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.

1.561.71
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.

2.151.92

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.

Portfolio

Portfolio Statistics

As of September 30, 2019

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.

$2,460.1
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

1,540
Duration years2.05
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.

5.59
Total

Top Issuers

as of September 30, 2019

UMBS4.22
JP MORGAN MORTGAGE TRUST JPMMT3.19
GINNIE MAE II2.94
FANNIE MAE CONNECTICUT AVENUE 2.46
CONNECTICUT AVENUE SECURITIES 1.92
CITIGROUP COMMERCIAL MORTGAGE 1.64
JP MORGAN CHASE COMMERCIAL MOR1.59
WF-RBS COMMERCIAL MORTGAGE TRU1.57
GS MORTGAGE SECURITIES TRUST G1.47
WELLS FARGO COMMERCIAL MORTGAG1.31
Total#,###.2

Credit Quality

% of Total Investments as of September 30, 2019

Treasuries/Cash5.63
AAA19.56
AA4.23
A8.74
BBB17.47
BB15.18
B18.28
<B2.82
Not Rated8.09
Total#,###.2

Sector Allocation

% of Total Investments as of September 30, 2019

Non-Agency RMBS and SF CRT21.00
Commercial Mortgage-Backed Securities19.61
Bank Loans14.14
Agency Mortgages13.29
Asset-Backed Securities10.05
HY Corporates6.25
US Treasury & Cash5.63
Emerging Markets5.26
IG Corporates4.76
Government Related0.00
Total#,###.2

Top Country Weightings

% of Total Investments as of September 30, 2019

UNITED STATES92.96
BRAZIL1.09
CANADA0.95
RUSSIAN FEDERATION0.78
INDONESIA0.69
PERU0.56
UNITED KINGDOM0.56
CAYMAN ISLANDS0.53
KAZAKHSTAN0.24
MEXICO0.21
Total#,###.2

Maturity Details

% of Total Investments as of September 30, 2019

Cash1.80
<1 Year3.79
1-3 Years17.80
3-5 Years28.48
5-7 Years21.85
7-10 Years19.25
10-20 Years3.76
>20 Years3.26
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 September 30, 2019

Overall3 Year5 Year10 Year
279 Funds279 Funds213 FundsN/A

Category: Nontraditional Bond

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 Dividend09/30/2019$0.031600
Income Dividend08/31/2019$0.039300
Income Dividend07/31/2019$0.039300
Income Dividend06/30/2019$0.037700
Income Dividend05/31/2019$0.038900
Income Dividend04/30/2019$0.037500
Income Dividend03/31/2019$0.038600
Income Dividend02/28/2019$0.034800
Income Dividend01/31/2019$0.037900
Income Dividend12/31/2018$0.040500
Income Dividend11/30/2018$0.038200
Income Dividend10/31/2018$0.035300
Income Dividend09/30/2018$0.029600
Totals: $0.479200

Investment Team

View Fund Adviser/Sub Adviser

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.
Matt Toms

Matt Toms, CFA

Chief Investment Officer, Fixed Income

Years of Experience: 25

Years with Voya: 10

Matt Toms is the chief investment officer of fixed income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals, with broad oversight of Voya’s fixed income platform as well as business management responsibilities. As CIO, Matt serves as the chair of the Fixed Income Asset Allocation Committee, a group that formulates the fixed income platform’s strategic investment themes that in turn informs strategy and risk budgeting across public fixed income portfolios. Matt is also a member of the Investment Committee that is represented by the CIOs from across Voya Investment Management. 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. Prior to joining the firm, Matt worked at Calamos Investments, where he built their fixed income business. He also has prior portfolio management experience at Northern Trust and Lincoln National. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation.
Sean Banai

Sean Banai, CFA

Head of Portfolio Management

Years of Experience: 20

Years with Voya: 20

Sean Banai is head of portfolio management for the fixed income platform at Voya Investment Management. Previously, Sean was a senior portfolio manager and before that head of quantitative research for proprietary fixed income. Prior to joining the firm in 1999, he was a partner in a private sector company. Sean received a BA and an MS in actuarial science from Georgia State University. He holds the Chartered Financial Analyst® designation.
Brian Timberlake

Brian Timberlake, PhD, CFA

Head of Fixed Income Research

Years of Experience: 16

Years with Voya: 16

Brian Timberlake is the head of fixed income research at Voya Investment Management and is responsible for managing the organization’s global fixed income research analysts as well as the coordination of macroeconomic data across the fixed income platform. His team is responsible for macro and quantitative fixed income research and provides additional assistance to individual sector groups and the risk management team. In addition, Brian is a named portfolio manager on several global and opportunistic fixed income products. Previously, he was the head of quantitative research where he helped develop an integrated, automated tool for interest rate hedging, created multifactor risk models, and was integral to the design and monitoring of customized client portfolios. Prior to that he was a senior quantitative analyst at Voya. Brian received a BS in chemical engineering from the University of Maryland, an MS in quantitative and computational finance from the Georgia Institute of Technology and a PhD in chemical engineering from the Georgia Institute of Technology. He holds the Chartered Financial Analyst® designation.

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.

Diversification does not guarantee a profit or ensure against market loss.

The Bank of America Merrill Lynch U.S. Dollar Three-Month LIBOR Constant Maturity Index is designed to track the performance of a synthetic asset paying LIBOR to a stated maturity. The index is based on the assumed purchase at par of a synthetic instrument having exactly its stated maturity and with a coupon equal to that day’s fixing rate. That issue is assumed to be sold the following business day (priced at a yield equal to the current day rate) and rolled into a new instrument. Investors cannot directly invest in an index. BofA Merrill Lynch® indices used with permission, are provided “AS IS”, without warranties, and with no liability. BofAML does not sponsor, endorse, review, or recommend Voya or its products or services.