Voya Government Liquid Assets Portfolio
The Portfolio seeks high level of current income consistent with the preservation of capital and liquidity.
Product Facts
| Ticker Symbol | IPLXX |
| CUSIP | 92914F835 |
| Inception Date | May 7, 2004 |
| Dividends Paid | Monthly |
About this Product
- Under normal market conditions, the Portfolio invests in high-quality, U.S. dollar denominated short-term debt instruments that are determined by the sub-adviser (“Sub-Adviser”) to present minimal credit risks.
- The Portfolio may maintain a rating from one or more rating agencies that provide ratings on money market funds. There can be no assurance that the Portfolio will maintain any particular rating or maintain it with a particular rating agency. To maintain a rating, the Sub-Adviser may manage the Portfolio more conservatively than if it was not rated.
Investment Objective
The Portfolio seeks high level of current income consistent with the preservation of capital and liquidity.
Performance
Average Annual Total Returns %
As of August 31, 2023
As of June 30, 2023
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +3.16 | +4.29 | +1.56 | +1.53 | +0.95 | 0.28% | 0.28% |
| With Sales Charge | +3.16 | +4.29 | +1.56 | +1.53 | +0.95 | ||
| Net Asset Value | +2.28 | +3.72 | +1.27 | +1.41 | +0.86 | 0.28% | 0.28% |
| With Sales Charge | +2.28 | +3.72 | +1.27 | +1.41 | +0.86 | ||
| iMoney Net Government Institutional Index | +3.07 | +4.10 | +1.48 | +1.46 | +0.89 | — | — |
| iMoney Net Government Institutional Index | +2.21 | +3.51 | +1.20 | +1.34 | +0.80 | — | — |
Inception Date - Class I:May 7, 2004
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 for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The Adviser has contractually agreed to waive a portion of the management fee to assist the Portfolio in maintaining a yield of a not less than zero through 2024-05-01.
Past performance does not guarantee future results.
Yields
As of August 31, 2023
| 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. | 5.11 |
| 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). | 5.11 |
| 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. | 5.11 |
| 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. | 5.11 |
| Net 7 Day Subsidized Yield % | 5.14 |
| Net 7 Day Unsubsidized Yield % | 5.14 |
Growth of a $10,000 Investment
For the period 09/30/2013 through 08/31/2023
Ending Value: $10,988.00
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 August 31, 2023
| 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. | $980.1 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 14 |
| Duration years | 0.09 |
| 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. | 0.20 |
| Total |
Top Holdings
% of Total Investments as of August 31, 2023
| RP DEUTS BK 5.27 09/01/23 5.27 09/2023 | 33.50 |
| United States Treasury Floating Rate Note 5.4223 10/2023 | 13.29 |
| United States Treasury Bill 12/2023 | 11.08 |
| United States Treasury Bill 01/2024 | 11.06 |
| Federal Home Loan Banks 5.43 09/2023 | 5.10 |
| Federal Home Loan Banks 5.355 11/2023 | 4.84 |
| Federal Home Loan Banks 5.33 12/2023 | 4.66 |
| Federal Home Loan Banks 5.34 02/2024 | 2.90 |
| Federal Home Loan Banks 5.34 02/2024 | 2.46 |
| Federal Home Loan Banks 5.33 01/2024 | 2.24 |
| Total | #,###.2 |
Portfolio Composition
% of Total Investments as of August 31, 2023
| US Treasury & Cash | 100.00 |
| Total | #,###.2 |
Maturity Details
% of Total Investments as of August 31, 2023
| Cash | 100.00 |
| <1 Year | 0.00 |
| 1-3 Years | 0.00 |
| 3-5 Years | 0.00 |
| 5-7 Years | 0.00 |
| 7-10 Years | 0.00 |
| 10-20 Years | 0.00 |
| >20 Years | 0.00 |
| Total | #,###.2 |
Maturity allocations are based on securities’ Average Life, which incorporates pre-payment assumptions and can thus be much different than a bond’s maturity date, particularly in the case of mortgage-backed securities.
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
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 Dividend | 09/30/2023 | $0.004200 | ||
| Income Dividend | 08/31/2023 | $0.004300 | ||
| Income Dividend | 07/31/2023 | $0.004200 | ||
| Income Dividend | 06/30/2023 | $0.004000 | ||
| Income Dividend | 05/31/2023 | $0.004100 | ||
| Income Dividend | 04/30/2023 | $0.003800 | ||
| Income Dividend | 03/31/2023 | $0.003700 | ||
| Income Dividend | 02/28/2023 | $0.003300 | ||
| Income Dividend | 01/31/2023 | $0.003500 | ||
| Income Dividend | 12/31/2022 | $0.003300 | ||
| Income Dividend | 11/30/2022 | $0.002900 | ||
| Income Dividend | 10/31/2022 | $0.002500 | ||
| Income Dividend | 09/30/2022 | $0.001900 | ||
| Totals: $0.045700 | ||||
Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
David Yealy
Senior Portfolio Manager, Money Market
Years of Experience: 37
Years with Voya: 19
Disclosures
Principal Risks
The Portfolio is subject to the risks associated with investing in debt securities. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Although the Portfolio seeks to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in the Portfolio. The Portfolio's sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time. Money market funds, like the Portfolio, are subject to less credit and interest rate risk than other income funds because they invest in short-term debt securities of the highest quality. Nevertheless, the value of the Portfolio's investments may fall when interest rates rise and the Portfolio could lose money if the issuer of a debt security is unable to meet its financial obligations or goes bankrupt. Investments in mortgage-related securities may entail prepayment risk. Risks of concentrating in investments in the financial services sector include, but are not limited to the following: credit risk, interest rate risks, and regulatory risk (the impact of state or federal legislation and regulations). In addition, to the extent that the Portfolio further concentrates in the banking industry, the risks described above may be greater. International investing risks may include unfavorable political and economic developments, possible withholding taxes, seizure of foreign deposits, currency controls or other governmental restrictions that might affect payment of principal or interest. In addition, foreign banks are not regulated by U.S. banking authorities and are generally not bound by financial reporting standards comparable to U.S. banks. Repurchase agreements involve the purchase by the Portfolio of a security that the seller has agreed to buy back. If the seller defaults and the collateral value declines, the Portfolio might incur a loss. If the seller declares bankruptcy, the Portfolio may not be able to sell the collateral at the desired time. Prices of mortgage-related securities are sensitive to changes in interest rates and changes in the prepayment patterns on the underlying instruments. Some securities are guaranteed by the U.S. Government as to timely payments of interest and principal, the shares themselves are not insured or guaranteed. These and other risks are described more fully in the Portfolio's prospectus.
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.
You could lose money by investing in the Portfolio. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Portfolio's sponsor has no legal obligation to provide financial support to the Portfolio, and you should not expect that the sponsor will provide financial support to the Portfolio at any time.