Voya Limited Maturity Bond Portfolio | Voya Investment Management

Voya Limited Maturity Bond Portfolio - Class I

Class ADV: IMBAX
Class I: ILBPX
Class S: ILMBX
For more information call 1 (800) 334-3444
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Voya Limited Maturity Bond Portfolio

The Portfolio seeks highest current income consistent with low risk to principal and liquidity.

Daily Prices

as of December 1, 2021

Net Asset Value (NAV)$10.09
% Change0.00
$ Change0.00
YTD Return0.19%

Product Facts

Ticker SymbolILBPX
CUSIP92914F793
Inception DateApril 29, 2005
Dividends PaidMonthly

About this Product

Principle Investment Strategies

  • Under normal market conditions, the Portfolio invests at least 80% of its net assets in a diversified portfolio of bonds that are limited maturity debt securities.
  • Under normal market conditions, the Portfolio maintains significant exposure to government securities.
  • The Portfolio also invests in investment-grade non-government securities, issued by companies of all sizes.

 

Investment Objective

The Portfolio seeks highest current income consistent with low risk to principal and liquidity. As a secondary objective, the Portfolio seeks to enhance its total return through capital appreciation when market factors, such as falling interest rates and rising bond prices, indicate that capital appreciation may be available without significant risk to principal.

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+0.29+0.86+2.92+2.09+1.660.28%0.28%
With Sales Charge+0.29+0.86+2.92+2.09+1.66
Net Asset Value+0.60+1.16+3.04+2.15+1.730.28%0.28%
With Sales Charge+0.60+1.16+3.04+2.15+1.73
Bloomberg U.S. 1-3 Year Government/Credit Bond Index-0.24-0.05+2.72+1.83+1.41
Bloomberg U.S. 1-3 Year Government/Credit Bond Index+0.09+0.30+2.87+1.89+1.47

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.

0.93
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).

0.93
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.

1.10
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.

1.10

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.

1.721.411.10
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.

1.061.000.98
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.

0.280.350.43
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.

0.410.350.33
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.

1.070.700.97
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.

0.130.230.30

Growth of a $10,000 Investment

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

Ending Value: $11,796.00

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.

$420.6
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

503
Duration years1.92
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.

2.48
Total

Top Holdings

% of Total Investments as of October 31, 2021

WFRBS_13-C14 3.9686 06/20461.37
CSWF_21-SOP2 2.4071 06/20340.97
VMC_21-FL4 2.3303 06/20360.95
BPR_21-WILL 4.09 06/20230.83
GNMA_16-H06 1.0032 07/20650.67
GSMS_12-GC6 5.8439 01/20450.56
BX_20-VIV2 3.5423 03/20440.55
GNMA_16-H16 0.6268 06/20660.50
HGI_21-FL1 2.4358 06/20360.50
GNMA_12-H31 0.4232 12/20620.48
Total#,###.2

Portfolio Composition

as of October 31, 2021

Government Security24.45
Corporate Bond23.17
Asset Backed Security18.49
Commercial Mortgage Backed Security14.43
Foreign Bond9.79
Collateralized Mortgage Obligation5.52
Cash Equivalent4.14
Mortgage Backed Related Security0.01
Total#,###.2

Top Issuers

as of October 31, 2021

WF-RBS COMMERCIAL MORTGAGE TRU1.85
GOVERNMENT NATIONAL MORTGAGE A1.81
JPMORGAN CHASE & CO1.32
AMERICREDIT AUTOMOBILE RECEIVA1.20
BANK OF AMERICA CORP1.19
MORGAN STANLEY1.19
MORGAN STANLEY BAML TRUST MSBA1.16
SANTANDER DRIVE AUTO RECEIVABL1.13
COMM MORTGAGE TRUST COMM_13-LC1.00
CSWF TRUST CSWF_21-SOP20.97
Total#,###.2

Top Sectors

% of Total Investments as of October 31, 2021

IG Corporates33.45
US Treasury & Cash26.91
Asset-Backed Securities17.72
Commercial Mortgage-Backed Securities16.15
Agency Mortgages4.41
Non-Agency RMBS and SF CRT1.01
Emerging Markets0.14
Government Related0.12
HY Corporates0.09
Total#,###.2

Top Country Weightings

% of Total Investments as of October 31, 2021

UNITED STATES88.72
CANADA3.13
UNITED KINGDOM1.91
JAPAN1.63
SWITZERLAND1.05
NETHERLANDS0.60
FRANCE0.55
SWEDEN0.48
CAYMAN ISLANDS0.44
IRELAND0.38
Total#,###.2

Maturity Details

% of Total Investments as of October 31, 2021

Cash1.92
<1 Year17.71
1-3 Years52.95
3-5 Years17.34
5-7 Years8.10
7-10 Years1.97
10-20 Years0.00
>20 Years0.00
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$0.009100
Income Dividend10/31/2021$0.009400
Income Dividend09/30/2021$0.009100
Income Dividend08/31/2021$0.009500
Income Dividend07/31/2021$0.009400
Income Dividend06/30/2021$0.018600
Income Dividend05/31/2021$0.019200
Income Dividend04/30/2021$0.018600
Income Dividend03/31/2021$0.019200
Income Dividend02/28/2021$0.017400
Income Dividend01/31/2021$0.019200
Income Dividend12/31/2020$0.019200
Income Dividend11/30/2020$0.018600
Totals: $0.196500

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.
Sean Banai

Sean Banai, CFA

Head of Portfolio Management

Years of Experience: 22

Years with Voya: 22

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 S Goodson

Head of Securitized

Years of Experience: 25

Years with Voya: 19

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: 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.
Matt Toms

Matt Toms, CFA

Chief Investment Officer, Fixed Income

Years of Experience: 27

Years with Voya: 12

Matt Toms is the chief investment officer of fixed income at Voya Investment Management, leading a team of more than 200 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 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.

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. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. 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. 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 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 Portfolio include but are not limited to: Bank Instruments, Borrowing; Company; Credit Default Swaps; Currency; Liquidity; Market; Market Capitalization; Market Disruption and Geopolitical; Municipal Obligations; Other Investment Companies; Prepayment and Extension; Restricted Securities; 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.

On March 23, 2020, the U.S. Securities and Exchange Commission (“SEC”) issued an order providing registered funds with temporary flexibility with respect to borrowing. In connection with this order, on March 30, 2020, the Portfolio’s Board of Trustees (the “Board”) approved a policy permitting each Portfolio to deviate from its non‐fundamental policy with respect to borrowing (as set forth in the Portfolios’ Statement of Additional Information under the section titled “Fundamental and Non‐ Fundamental Investment Restrictions”) for the period from March 30, 2020 until June 30, 2020 (unless extended by the Board upon any extension of the order by the SEC).

During this time, the Portfolio may borrow money in an amount of up to 33 1/3% of the Portfolio’s total assets to meet short‐term needs, such as in connection with redemptions. The Portfolio incurs interest and other expenses when it borrows money. Borrowing creates leverage, which may increase expenses and increase the impact of the Portfolio’s other risks. The use of leverage may exaggerate any increase or decrease in the Portfolio’s net asset value causing the Portfolio to be more volatile than a fund that does not borrow.

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