Voya Balanced Income Portfolio | Voya Investment Management

Voya Balanced Income Portfolio - Class I

As of May 1, 2019, the VY Franklin Income Portfolio was renamed to the Voya Balanced Income Portfolio. Voya Investment Management Co. LLC will serve as the sole sub‐adviser to the Portfolio. As a result, the Portfolio's investment strategies, benchmark, portfolio managers and fees have changed.

Class ADV: IIFAX
Class I: IIFIX
Class S: IIFSX
Class S2: IIFTX
For more information call 1 (800) 334-3444
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Voya Balanced Income Portfolio

Multi-asset portfolio seeking to maximize income with lower volatility relative to the overall market

Daily Prices

as of December 1, 2021

Net Asset Value (NAV)$10.70
% Change-0.37
$ Change-0.04
YTD Return6.53%

Product Facts

Ticker SymbolIIFIX
CUSIP92914E606
Inception DateApril 28, 2006
Dividends Paid

About this Product

  • Actively managed strategy investing in approximately 60% of its assets in Fixed Income and 40% in Equities
  • Fixed Income uses a multi-sector strategy that seeks attractive returns by investing in the broad global fixed income universe
  • Equity strategy designed to deliver excess returns and high-dividend income at lower levels of volatility relative to the overall market

Investment Objective

The Portfolio seeks to maximize income while maintaining prospects for capital appreciation.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of October 31, 2021

As of September 30, 2021

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+8.12+16.12+8.19+7.78+7.560.64%0.62%
With Sales Charge+8.12+16.12+8.19+7.78+7.56
Net Asset Value+6.03+12.35+6.52+7.26+8.090.64%0.62%
With Sales Charge+6.03+12.35+6.52+7.26+8.09
60% Bloomberg US Aggregate Bond Index/ 30% Russell 1000 Index/ 10% MSCI EAFE Index+6.71+14.81+11.39+8.70+7.53
60% Bloomberg US Aggregate Bond Index/ 30% Russell 1000 Index/ 10% MSCI EAFE Index+4.30+10.65+9.28+7.93+7.75

Inception Date - Class I:April 28, 2006

Current Maximum Sales Charge: 0.00%

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.

Returns-Based Characteristics

As of October 31, 2021

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.

10.969.058.37
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.

1.341.271.35
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.

0.850.810.80
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.

-5.98-2.66-2.17
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.

0.680.760.84
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.

-0.64-0.210.01

Growth of a $10,000 Investment

For the period 11/30/2011 through 10/31/2021

Ending Value: $20,723.00

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 October 31, 2021

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.

$337.5
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

994
Total

Top Holdings

% of Total Investments as of October 31, 2021

Voya Floating Rate Fund - Class P8.38
United States Treasury Note/Bond 0.625 10/20241.61
Microsoft Corp.1.43
Apple, Inc.0.99
JP Morgan Chase Commercial Mortgage Securities Corp. 2021-MHC E 2.54 04/20380.92
Meta Platforms, Inc.0.79
Visa, Inc. - Class A0.75
Voya High Yield Bond Fund - Class P0.70
Amazon.com, Inc.0.67
Intuit, Inc.0.65
Total#,###.2

Portfolio Composition

as of October 31, 2021

Bonds45.79
Stocks44.73
Other9.48
Total#,###.2

Top Sectors

% of Total Investments as of October 31, 2021

Not Classified - Mutual Fund17.48
Information Technology17.22
Financials13.26
Health Care11.76
Industrials8.63
Consumer Discretionary7.40
Communication Services6.98
Consumer Staples5.29
Real Estate3.37
Utilities3.32
Materials2.66
Energy2.63
Total#,###.2

Top Country Weightings

% of Total Investments as of October 31, 2021

United States90.42
Japan1.39
United Kingdom0.86
Canada0.47
Germany0.46
France0.45
Chile0.37
Australia0.35
Italy0.32
Ireland0.31
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 Dividend07/13/202107/14/202107/12/2021$0.281700
Totals: $0.281700

Investment Team

View Portfolio 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.
Vincent Costa

Vincent Costa, CFA

Head of Global Quantitative Equities

Years of Experience: 36

Years with Voya: 15

Vincent Costa is head of the global quantitative equities team and a portfolio manager for the active quantitative and fundamental large cap value strategies at Voya Investment Management. Previously at Voya, Vinnie was head of portfolio management for quantitative equity. Prior to joining Voya, he managed quantitative equity investments at both Merrill Lynch Investment Management and Bankers Trust Company. Vinnie earned an MBA in finance from New York University's Stern School of Business, a BS in quantitative business analysis from Pennsylvania State University, and is a CFA® Charterholder.
Brian Timberlake

Brian Timberlake, PhD, CFA

Head of Fixed Income Research

Years of Experience: 18

Years with Voya: 18

Brian Timberlake is the head of fixed income research at Voya Investment Management, 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 at Voya, 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 at Voya, he was a senior quantitative analyst. Brian earned a PhD in chemical engineering and an MS in quantitative and computational finance from the Georgia Institute of Technology, and a BS in chemical engineering from the University of Maryland. He is a CFA® Charterholder.
Paul Zemsky

Paul Zemsky, CFA

Chief Investment Officer, Multi-Asset Strategies and Solutions

Years of Experience: 37

Years with Voya: 16

Paul Zemsky is chief investment officer and founder of the Multi-Asset Strategies and Solutions Team (MASS) at Voya Investment Management. He is responsible for Voya’s suite of value-added, customized and off-the-shelf products and solutions supported by the team’s asset allocation, manager research, quantitative research, portfolio implementation and multi-manager capabilities. Prior to joining Voya, Paul co-founded CaliberOne Private Funds Management, a macro hedge fund. He began his career at JPMorgan Investment Management, where he held several key positions, including head of investments for over $300 billion of fixed income assets. Paul is a member of Voya’s management committee and a board member of Pomona Capital. He earned dual BS degrees in economics and electrical engineering from the Management and Technology Program at the University of Pennsylvania, and is a CFA® Charterholder.

Disclosures

Principal Risks

Investment Risks: You could lose money on an investment in the Portfolio. Any of the following risks, among others, could affect Portfolio performance or cause the Portfolio to lose money or to underperform market averages of other funds. The Portfolio may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Portfolio performance. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Foreign investment risks may be greater in Developing and Emerging markets than in developed markets.  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. As Interest Rates rise, bond prices fall, reducing the value of the Portfolio’s share price. Investment Model: A manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors.  Volatility management techniques may not always be successful in reducing volatility, may not protect against market declines, and may limit the Portfolio’s participation in market gains. Mistakes in the construction and implementation of the investment models may create errors or limitations that might go undetected.  There is no guarantee that the use of these investment models will result in effective investment decisions.  To the extent that the Portfolio 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 Portfolio include but are not limited to: Bank Instruments; Company; Convertible Securities; Credit; Credit Default Swaps; Currency; Deflation; Dividend; Floating Rate Loans; Inflation-Indexed Bonds; Interest in Loans; Investing through Bond Connect; Liquidity; Market; Market Capitalization; Market Disruption and Geopolitical; Other Investment Companies; Prepayment and Extension; Real Estate Companies and Real Estate Investment Trusts (“REITs”); Securities; Lending; Sovereign Debt; and U.S. Government Securities and Obligations.  Investors should consult the Portfolio’s Prospectus and Statement of Additional Information for a more detailed discussion of the Portfolio’s risks.

An investment in the Portfolio is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.

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