Voya Intermediate Bond Portfolio | Voya Investment Management

Voya Intermediate Bond Portfolio - Class I

Class I: IPIIX
Class S: IPISX
Class S2: IIBTX
For more information call 1 (800) 334-3444
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Voya Intermediate Bond Portfolio

The Portfolio seeks to maximize total return consistent with reasonable risk.

Daily Prices

as of June 8, 2023

Net Asset Value (NAV)$10.75
% Change+0.37
$ Change+0.04
YTD Return2.69%

Product Facts

Ticker SymbolIPIIX
Inception DateMay 23, 1973
Dividends PaidMonthly

About this Product

  • Offers broad exposure to a portfolio of investment grade bonds.
  • Disciplined, value investment style from stable, experienced team

Investment Objective

The Portfolio seeks to maximize total return consistent with reasonable risk. The Portfolio seeks its objective through investments in a diversified portfolio consisting primarily of debt securities. It is anticipated that capital appreciation and investment income will both be major factors in achieving total return.

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Average Annual Total Returns %

As of May 31, 2023

As of March 31, 2023

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
Net Asset Value+2.69-2.14-3.04+0.84+1.810.60%0.55%
With Sales Charge+2.69-2.14-3.04+0.84+1.81
Net Asset Value+3.10-5.85-1.42+0.86+1.850.59%0.55%
With Sales Charge+3.10-5.85-1.42+0.86+1.85
Bloomberg U.S. Aggregate Bond Index+2.46-2.14-3.65+0.81+1.39
Bloomberg U.S. Aggregate Bond Index+2.96-4.78-2.77+0.91+1.36

Inception Date - Class I:May 23, 1973

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.


As of April 30, 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.

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).

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.

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.


Returns-Based Characteristics

As of May 31, 2023

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.


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.

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.


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.

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.

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.


Growth of a $10,000 Investment

For the period 06/30/2013 through 05/31/2023

Ending Value: $11,966.00

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 Statistics

As of May 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.

Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

Duration years6.37
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.


Top Holdings

% of Total Investments as of April 30, 2023

UMBS 30YR TBA(REG A) 2 05/20234.23
UMBS 30YR TBA(REG A) 4 05/20232.22
UMBS 30YR TBA(REG A) 2.5 05/20231.13
GNMA2 30YR TBA(REG C) 3 05/20231.00
GNMA2 30YR TBA(REG C) 3.5 05/20230.91
GNMA 30YR 2.5 05/20520.91
FHLMC_4246 4.5 04/20410.87
GNMA2 30YR TBA(REG C) 4 05/20230.76
FNMA 30YR UMBS 2.5 11/20500.67
FHLMC_4771 3.5 03/20480.60

Top Issuers

as of April 30, 2023


Credit Quality

% of Total Investments as of May 31, 2023

Not Rated6.34

Sector Allocation

% of Total Investments as of April 30, 2023

Agency Mortgages37.28
IG Corporates26.35
Asset-Backed Securities8.46
Emerging Markets8.06
Commercial Mortgage-Backed Securities5.98
Non-Agency RMBS and SF CRT5.91
US Treasury & Cash4.86
HY Corporates2.92
Government Related0.11
Cash Equivalents0.03

Top Country Weightings

% of Total Investments as of April 30, 2023


Maturity Details

% of Total Investments as of May 31, 2023

<1 Year1.54
1-3 Years12.94
3-5 Years17.13
5-7 Years16.44
7-10 Years30.75
10-20 Years20.80
>20 Years8.71

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


Payment Frequency: Monthly


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.

Income Dividend05/31/2023$0.036500
Income Dividend04/30/2023$0.030500
Income Dividend03/31/2023$0.031400
Income Dividend02/28/2023$0.029200
Income Dividend01/31/2023$0.028600
Income Dividend12/31/2022$0.029700
Short-Term Capital Gain12/28/202212/29/202212/27/2022$0.033600
Income Dividend11/30/2022$0.025500
Income Dividend10/31/2022$0.026100
Income Dividend09/30/2022$0.027900
Income Dividend08/31/2022$0.029000
Income Dividend07/31/2022$0.027200
Income Dividend06/30/2022$0.026900
Income Dividend05/31/2022$0.027900
Totals: $0.410000

Investment Team

View Portfolio Adviser/Sub Adviser

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, an Arizona limited liability company, serves as the investment adviser to the Fund. Voya Investments has overall responsibility for the management of the Fund. Voya Investments oversees all investment advisory and portfolio management services and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Fund, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. Voya Investments is registered with the SEC as an investment adviser. Voya Investments' principal office is located at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258.

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.
Sean Banai

Sean Banai, CFA

Head of Portfolio Management

Years of Experience: 24

Years with Voya: 24

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.
Dave Goodson

Dave Goodson

Head of Securitized

Years of Experience: 27

Years with Voya: 21

Dave Goodson is a managing director, head of securitized fixed income and a senior portfolio manager for non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies at Voya Investment Management. Prior to joining Voya, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Previously, 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 earned a BS in management from the Georgia Institute of Technology
Randy Parrish

Randy Parrish, CFA

Head of Public Credit

Years of Experience: 33

Years with Voya: 22

Randy Parrish is a managing director and head of public credit at Voya Investment Management, overseeing the investment grade, emerging market and leveraged credit 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.
Matt Toms

Matt Toms, CFA

Global Chief Investment Officer

Years of Experience: 29

Years with Voya: 14

Matt Toms is the global chief investment officer at Voya Investment Management, leading a team of investment professionals with broad oversight of Voya’s public fixed income, private fixed income and alternatives, equities, and multi-asset strategies and solutions. As CIO of fixed income, he is also responsible for portfolio management and oversight of the fixed income platform and leading the Investment Committee represented by the CIOs from across platforms. Matt also 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. Prior at Voya, Matt was head of public fixed income, 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 Voya, 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 earned a BBA from the University of Michigan and is a CFA® Charterholder.


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 Portfolio invests in Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income 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. As Interest Rates rise, bond prices fall, reducing the value of the Portfolio’s share price. Other risks of the Portfolio include but are not limited to: Credit Risks; Extension Risks; Investment Models Risks; Municipal Securities Risks; Other Investment Companies Risks; Prepayment Risks; Price Volatility Risks; U.S. Government Securities and Obligations Risks; Inability to Sell Securities Risks; Portfolio Turnover 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.