Voya High Yield Portfolio | Voya Investment Management

Voya High Yield Portfolio - Class I

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Voya High Yield Portfolio

This Portfolio seeks to provide investors with a high level of current income and total return.

Daily Prices

as of December 1, 2021

Net Asset Value (NAV)$9.82
% Change+0.20
$ Change+0.02
YTD Return3.47%

Product Facts

Ticker SymbolIPIMX
CUSIP92914E309
Inception DateApril 29, 2005
Dividends PaidMonthly

Investment Objective

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

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+4.28+9.96+7.23+5.99+6.230.50%0.48%
With Sales Charge+4.28+9.96+7.23+5.99+6.23
Net Asset Value+4.45+10.55+6.66+6.05+6.920.50%0.48%
With Sales Charge+4.45+10.55+6.66+6.05+6.92
Bloomberg High Yield Bond-2% Issuer Constrained Composite Index+4.35+10.53+7.40+6.38+6.78
Bloomberg High Yield Bond-2% Issuer Constrained Composite Index+4.54+11.27+6.89+6.50+7.42

Inception Date - Class I:April 29, 2005

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.

Yields

As of October 31, 2021

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.

3.84
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).

3.85
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.

5.15
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.

5.15

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.

8.616.886.07
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.

0.930.930.92
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
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.

0.26-0.04-0.04
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.

0.730.720.93
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.

-0.16-0.44-0.56

Growth of a $10,000 Investment

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

Ending Value: $18,307.00

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.

$515.2
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

466
Duration years2.62
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.

4.66
Total

Top Holdings

% of Total Investments as of October 31, 2021

SPRINT CORP 7.125 06/20240.69
OCCIDENTAL PETROLEUM CORPORATION 6.625 09/20300.66
HCA INC 5.375 02/20250.61
OCCIDENTAL PETROLEUM CORP 4.2 03/20480.53
BAUSCH HEALTH COMPANIES INC 8.5 01/20270.52
CCO HOLDINGS LLC/CCO HOLDINGS CAPI 4.5 05/20320.48
KRAFT HEINZ FOODS CO 5 07/20350.47
ENLINK MIDSTREAM LLC 5.375 06/20290.47
UNIVISION COMMUNICATIONS INC 6.625 06/20270.47
SOUTHEASTERN GROCERS INC 0.46
Total#,###.2

Portfolio Composition

as of October 31, 2021

Corporate Bond86.78
Foreign Bond9.97
Cash Equivalent1.95
Term Loan0.76
Common Stock0.47
Convertible Bond0.08
Total#,###.2

Top Issuers

as of October 31, 2021

OCCIDENTAL PETROLEUM CORPORATI1.93
FORD MOTOR CREDIT COMPANY LLC1.69
BAUSCH HEALTH COMPANIES INC1.33
CCO HOLDINGS LLC/CCO HOLDINGS 1.16
CHS/COMMUNITY HEALTH SYSTEMS I0.92
SPRINT CORP0.91
TENET HLTHCR CORP0.87
KRAFT HEINZ FOODS CO0.79
HCA-THE HEALTHCARE CO0.75
CSC HOLDINGS LLC0.72
Total#,###.2

Credit Quality

% of Total Investments as of October 31, 2021

Treasuries/Cash1.25
≥BBB0.46
BB41.29
B38.96
CCC17.25
<CCC0.32
Not Rated0.46
Total#,###.2

Top Sectors

% of Total Investments as of October 31, 2021

Independent Energy8.26
Media and Entertainment6.15
Cable and Satellite6.14
Financials6.13
Technology5.44
Midstream5.34
Healthcare5.22
Food and Beverage4.34
Retailers3.97
Automotive3.92
Total#,###.2

Top Country Weightings

% of Total Investments as of October 31, 2021

UNITED STATES89.85
CANADA3.37
UNITED KINGDOM1.62
LUXEMBOURG1.14
EUROPE0.95
IRELAND0.88
FRANCE0.59
ITALY0.42
NEW ZEALAND0.36
GERMANY0.29
Total#,###.2

Maturity Details

% of Total Investments as of October 31, 2021

Cash1.25
<1 Year13.58
1-3 Years18.66
3-5 Years32.16
5-7 Years10.45
7-10 Years19.72
10-20 Years2.74
>20 Years1.42
Total#,###.2

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 Dividend11/30/2021$0.041800
Income Dividend10/31/2021$0.043400
Income Dividend09/30/2021$0.042100
Income Dividend08/31/2021$0.043500
Income Dividend07/31/2021$0.047000
Income Dividend06/30/2021$0.045000
Income Dividend05/31/2021$0.046600
Income Dividend04/30/2021$0.044800
Income Dividend03/31/2021$0.046500
Income Dividend02/28/2021$0.042000
Income Dividend01/31/2021$0.046600
Income Dividend12/31/2020$0.046100
Income Dividend11/30/2020$0.043300
Totals: $0.578700

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.
Rick Cumberledge

Rick C Cumberledge, CFA

Head of High Yield

Years of Experience: 28

Years with Voya: 14

Rick Cumberledge is head of high yield and a senior high yield portfolio manager at Voya Investment Management. Prior to joining Voya, Rick was a senior high yield credit analyst at Federated Investors. Prior to that, Rick held positions at American Capital Strategies, Bank of America and Allied Capital. Rick earned an MSc in finance from the George Washington University and a BA in business administration from Westminster College. He is a CFA® Charterholder.
Randy Parrish

Randy Parrish, CFA

Head of Public Credit

Years of Experience: 31

Years with Voya: 20

Randy Parrish is a managing director and head of public credit at Voya Investment Management, overseeing the investment grade and emerging market teams. Previously at Voya, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team. Prior to joining Voya, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy earned a BBA in business administration from the University of Georgia and is a CFA® Charterholder.

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 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. Risks of foreign investing are generally intensified in Emerging Markets. As Interest Rates rise, bond prices may fall, reducing the value of the Portfolio's share price. Debt Securities with longer durations tend to be more sensitive to interest rate changes. Other risks of the Portfolio 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 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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