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Voya High Yield Portfolio
mutual fund
IPHYX
Payout Change
Pending
Price as of:
$8.78
-0.02
-0.23%
primary theme
High Yield Bond
share class
IPHYX (Mutual Fund)
Voya High Yield Portfolio
Payout Change
Pending
Price as of:
$8.78
-0.02
-0.23%
primary theme
High Yield Bond
share class
IPHYX (Mutual Fund)
Voya High Yield Portfolio
Payout Change
Pending
Price as of:
$8.78
-0.02
-0.23%
primary theme
High Yield Bond
share class
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.3%
1 yr return
9.0%
3 Yr Avg Return
2.1%
5 Yr Avg Return
3.3%
Net Assets
$318 M
Holdings in Top 10
16.5%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 63.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
IPHYX - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.87%
- Dividend Yield 6.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVoya High Yield Portfolio
-
Fund Family NameVoya mutual funds
-
Inception DateMay 03, 2004
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRandall Parrish
Fund Description
Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of high-yield (high risk) bonds commonly known as “junk bonds.” The Portfolio will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.High-yield bonds are debt instruments that, at the time of purchase, are not rated by a nationally recognized statistical rating organization (“NRSRO”) or are rated below investment grade (e.g., rated below BBB- by S&P Global Ratings or Baa3 by Moody’s Investors Service, Inc.) or have an equivalent rating by a NRSRO. The Portfolio defines high-yield bonds to include: bank loans; payment-in-kind securities; fixed and variable floating rate and deferred interest debt obligations; zero-coupon bonds and debt obligations provided they are unrated or rated below investment grade. In evaluating the quality of a particular high-yield bond for investment by the Portfolio, the sub-adviser (the “Sub-Adviser”) does not rely exclusively on credit ratings assigned by a NRSRO. The Sub-Adviser will utilize a security’s credit rating as simply one indication of an issuer’s creditworthiness and will principally rely upon its own analysis of any security. The Sub-Adviser does not have restrictions on the rating level of the securities held in the Portfolio and may purchase and hold securities in default. There are no restrictions on the average maturity of the Portfolio’s portfolio or the maturity of any single investment. Maturities may vary widely depending on the Sub-Adviser’s assessment of interest rate trends and other economic or market factors.Any remaining assets may be invested in investment grade debt instruments; common and preferred stocks; U.S. government securities; money market instruments; and debt instruments of foreign (non-U.S.) issuers, including securities of companies in emerging markets. The Portfolio may invest in derivatives, including structured debt instruments, dollar roll transactions, swap agreements, including credit default swaps and interest rate swaps, and options on swap agreements. The Portfolio typically uses derivatives to reduce exposure to other risks, such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or to enhance returns in the Portfolio. The Portfolio may invest in companies of any market capitalization size.The Portfolio may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder.In choosing investments for the Portfolio, the Sub-Adviser combines extensive company and industry research with relative value analysis to identify high-yield bonds expected to provide above-average returns. Relative value analysis is intended to enhance returns by moving from overvalued to undervalued sectors of the bond market. The Sub-Adviser’s approach to decision making includes contributions from individual portfolio managers responsible for specific industry sectors.In evaluating investments for the Portfolio, the Sub-Adviser takes into account a wide variety of factors and considerations to determine whether any or all of those factors or considerations might have a material effect on the value, risks, or prospects of an investment. Among the factors considered, the Sub-Adviser expects typically to take into account environmental, social, and governance (“ESG”) factors to determine whether one or more factors may have a material effect. In considering ESG factors, the Sub-Adviser intends to rely primarily on factors identified through its proprietary empirical research and on third-party evaluations of an issuer’s ESG standing. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in an issuer, if at all, will depend on the analysis and judgment of the Sub-Adviser.The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising.The Portfolio may lend portfolio securities on a short-term or long-term basis, up to 33 1∕3% of its total assets.
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IPHYX - Performance
Return Ranking - Trailing
| Period | IPHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -7.5% | 17.7% | 54.19% |
| 1 Yr | 9.0% | -4.7% | 18.4% | 60.76% |
| 3 Yr | 2.1%* | -14.4% | 21.6% | 74.83% |
| 5 Yr | 3.3%* | -11.4% | 37.2% | 67.26% |
| 10 Yr | 4.7%* | -4.7% | 20.4% | 35.31% |
* Annualized
Return Ranking - Calendar
| Period | IPHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.1% | -4.7% | 14.3% | 54.59% |
| 2022 | -17.2% | -33.4% | 3.6% | 77.65% |
| 2021 | -0.2% | -8.4% | 8.2% | 58.42% |
| 2020 | 0.2% | -13.2% | 302.7% | 44.42% |
| 2019 | 9.4% | -4.4% | 13.3% | 15.30% |
Total Return Ranking - Trailing
| Period | IPHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -7.5% | 17.7% | 54.19% |
| 1 Yr | 9.0% | -4.7% | 18.4% | 60.76% |
| 3 Yr | 2.1%* | -14.4% | 21.6% | 74.83% |
| 5 Yr | 3.3%* | -11.4% | 37.2% | 67.26% |
| 10 Yr | 4.7%* | -4.7% | 20.4% | 35.31% |
* Annualized
Total Return Ranking - Calendar
| Period | IPHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.6% | -4.7% | 18.7% | 38.36% |
| 2022 | -12.2% | -33.4% | 47.8% | 80.13% |
| 2021 | 5.0% | -8.4% | 12.4% | 50.86% |
| 2020 | 6.1% | -9.6% | 325.6% | 35.22% |
| 2019 | 15.6% | -3.8% | 19.4% | 14.21% |
NAV & Total Return History
IPHYX - Holdings
Concentration Analysis
| IPHYX | Category Low | Category High | IPHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 318 M | 3.13 M | 25.3 B | 67.65% |
| Number of Holdings | 380 | 2 | 4432 | 44.17% |
| Net Assets in Top 10 | 52.8 M | -492 M | 6.67 B | 65.19% |
| Weighting of Top 10 | 16.49% | 4.2% | 146.0% | 33.99% |
Top 10 Holdings
- CANTOR FITZGERALD SECURITIES 3.59%
- BETHESDA SECURITIES 3.59%
- MAREX CAPITAL MARKETS INC 3.54%
- CF SECURED LLC 1.29%
- CSC Holdings LLC 0.84%
- Sirius XM Radio Inc 0.78%
- Royal Caribbean Cruises Ltd 0.76%
- HUB INTERNATIO 09/30/2024 0.73%
- Cloud Software Group Inc 0.70%
- CCO Holdings LLC / CCO Holdings Capital Corp 0.67%
Asset Allocation
| Weighting | Return Low | Return High | IPHYX % Rank | |
|---|---|---|---|---|
| Bonds | 102.10% | 0.00% | 145.36% | 2.94% |
| Other | 12.95% | -39.08% | 99.23% | 2.96% |
| Convertible Bonds | 1.13% | 0.00% | 17.89% | 46.31% |
| Stocks | 0.00% | 0.00% | 97.54% | 72.55% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 97.70% |
| Cash | 0.00% | -52.00% | 48.02% | 98.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IPHYX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 99.95% | 0.00% | 100.00% | 2.97% |
| Healthcare | 0.05% | 0.00% | 22.17% | 15.13% |
| Utilities | 0.00% | 0.00% | 100.00% | 95.55% |
| Technology | 0.00% | 0.00% | 33.17% | 95.25% |
| Real Estate | 0.00% | 0.00% | 86.71% | 95.25% |
| Industrials | 0.00% | 0.00% | 93.12% | 97.33% |
| Financial Services | 0.00% | 0.00% | 100.00% | 97.03% |
| Energy | 0.00% | 0.00% | 100.00% | 98.22% |
| Communication Services | 0.00% | 0.00% | 99.99% | 98.22% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 95.55% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 95.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IPHYX % Rank | |
|---|---|---|---|---|
| US | 0.00% | 0.00% | 97.54% | 70.77% |
| Non US | 0.00% | -0.01% | 0.83% | 95.89% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IPHYX % Rank | |
|---|---|---|---|---|
| Corporate | 97.93% | 0.00% | 100.00% | 16.61% |
| Securitized | 0.18% | 0.00% | 97.24% | 34.70% |
| Derivative | 0.00% | -14.58% | 42.26% | 36.78% |
| Cash & Equivalents | 0.00% | 0.00% | 48.02% | 98.19% |
| Municipal | 0.00% | 0.00% | 1.17% | 93.26% |
| Government | 0.00% | 0.00% | 99.07% | 94.24% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IPHYX % Rank | |
|---|---|---|---|---|
| US | 102.10% | 0.00% | 126.57% | 1.15% |
| Non US | 0.00% | 0.00% | 96.91% | 96.72% |
IPHYX - Expenses
Operational Fees
| IPHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.74% | 0.02% | 38.33% | 71.48% |
| Management Fee | 0.49% | 0.00% | 1.75% | 28.31% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.15% |
| Administrative Fee | N/A | 0.00% | 0.50% | 61.85% |
Sales Fees
| IPHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| IPHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| IPHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 63.00% | 1.00% | 255.00% | 47.76% |
IPHYX - Distributions
Dividend Yield Analysis
| IPHYX | Category Low | Category High | IPHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.26% | 0.00% | 11.76% | 37.68% |
Dividend Distribution Analysis
| IPHYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| IPHYX | Category Low | Category High | IPHYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.87% | -2.39% | 9.30% | 26.09% |
Capital Gain Distribution Analysis
| IPHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.046 | OrdinaryDividend |
| Oct 31, 2024 | $0.048 | OrdinaryDividend |
| Sep 30, 2024 | $0.046 | OrdinaryDividend |
| Aug 31, 2024 | $0.050 | OrdinaryDividend |
| Jul 31, 2024 | $0.049 | OrdinaryDividend |
| Apr 30, 2024 | $0.044 | OrdinaryDividend |
| Mar 28, 2024 | $0.046 | OrdinaryDividend |
| Feb 29, 2024 | $0.045 | OrdinaryDividend |
| Jan 31, 2024 | $0.048 | OrdinaryDividend |
| Dec 29, 2023 | $0.049 | OrdinaryDividend |
| Nov 30, 2023 | $0.046 | OrdinaryDividend |
| Oct 31, 2023 | $0.048 | OrdinaryDividend |
| Sep 30, 2023 | $0.049 | OrdinaryDividend |
| Aug 31, 2023 | $0.045 | OrdinaryDividend |
| Jul 31, 2023 | $0.045 | OrdinaryDividend |
| Jun 30, 2023 | $0.043 | OrdinaryDividend |
| May 31, 2023 | $0.045 | OrdinaryDividend |
| Apr 28, 2023 | $0.042 | OrdinaryDividend |
| Mar 31, 2023 | $0.043 | OrdinaryDividend |
| Feb 28, 2023 | $0.040 | OrdinaryDividend |
| Jan 31, 2023 | $0.042 | OrdinaryDividend |
| Dec 30, 2022 | $0.043 | OrdinaryDividend |
| Nov 30, 2022 | $0.039 | OrdinaryDividend |
| Oct 31, 2022 | $0.039 | OrdinaryDividend |
| Sep 30, 2022 | $0.042 | OrdinaryDividend |
| Aug 31, 2022 | $0.043 | OrdinaryDividend |
| Jul 29, 2022 | $0.037 | OrdinaryDividend |
| Jun 30, 2022 | $0.039 | OrdinaryDividend |
| May 31, 2022 | $0.041 | OrdinaryDividend |
| Apr 30, 2022 | $0.038 | OrdinaryDividend |
| Mar 31, 2022 | $0.039 | OrdinaryDividend |
| Feb 28, 2022 | $0.036 | OrdinaryDividend |
| Jan 31, 2022 | $0.041 | OrdinaryDividend |
| Dec 31, 2021 | $0.040 | OrdinaryDividend |
| Nov 30, 2021 | $0.040 | OrdinaryDividend |
| Oct 29, 2021 | $0.041 | OrdinaryDividend |
| Sep 30, 2021 | $0.040 | OrdinaryDividend |
| Aug 31, 2021 | $0.041 | OrdinaryDividend |
| Jul 30, 2021 | $0.045 | OrdinaryDividend |
| Jun 30, 2021 | $0.043 | OrdinaryDividend |
| May 28, 2021 | $0.044 | OrdinaryDividend |
| Apr 30, 2021 | $0.043 | OrdinaryDividend |
| Feb 26, 2021 | $0.040 | OrdinaryDividend |
| Jan 28, 2021 | $0.045 | OrdinaryDividend |
| Dec 31, 2020 | $0.044 | OrdinaryDividend |
| Nov 30, 2020 | $0.041 | OrdinaryDividend |
| Oct 30, 2020 | $0.043 | OrdinaryDividend |
| Sep 30, 2020 | $0.042 | OrdinaryDividend |
| Aug 31, 2020 | $0.043 | OrdinaryDividend |
| Jul 31, 2020 | $0.041 | OrdinaryDividend |
| Jun 30, 2020 | $0.040 | OrdinaryDividend |
| May 29, 2020 | $0.040 | OrdinaryDividend |
| Apr 30, 2020 | $0.037 | OrdinaryDividend |
| Mar 31, 2020 | $0.044 | OrdinaryDividend |
| Feb 28, 2020 | $0.041 | OrdinaryDividend |
| Jan 31, 2020 | $0.044 | OrdinaryDividend |
| Dec 31, 2019 | $0.044 | OrdinaryDividend |
| Nov 29, 2019 | $0.043 | OrdinaryDividend |
| Oct 31, 2019 | $0.044 | OrdinaryDividend |
| Sep 30, 2019 | $0.043 | OrdinaryDividend |
| Aug 30, 2019 | $0.044 | OrdinaryDividend |
| Jul 31, 2019 | $0.044 | OrdinaryDividend |
| Jun 28, 2019 | $0.042 | OrdinaryDividend |
| Jul 15, 2008 | $0.003 | CapitalGainLongTerm |
| Jul 02, 2007 | $0.020 | CapitalGainShortTerm |
| Jul 02, 2007 | $0.028 | CapitalGainLongTerm |
| Jul 03, 2006 | $0.024 | CapitalGainShortTerm |
| Jul 03, 2006 | $0.067 | CapitalGainLongTerm |
| Jul 01, 2005 | $0.025 | CapitalGainShortTerm |
IPHYX - Fund Manager Analysis
Managers
Randall Parrish
Start Date
Tenure
Tenure Rank
Feb 04, 2014
8.32
8.3%
Randy Parrish, CFA Head of Credit Randy Parrish is head of credit and a senior high yield portfolio manager at Voya Investment Management. As head of credit, Randy oversees the high yield, investment grade and emerging market teams. Previously, Randy was head of high yield and served as a portfolio manager and analyst on the high yield team since joining Voya in 2001. Prior to joining the firm, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy received a BBA in business administration from the University of Georgia and holds the Chartered Financial Analyst® designation.
Rick Cumberledge
Start Date
Tenure
Tenure Rank
Feb 04, 2014
8.32
8.3%
Rick Cumberledge, CFA Head of High Yield Rick Cumberledge is head of high yield and a senior high yield portfolio manager at Voya Investment Management. Prior to joining the firm, Rick spent nearly six years working at Federated Investors as a senior high yield credit analyst. His previous experience includes positions with American Capital Strategies, Bank of America and Allied Capital. Rick has a BA in business administration from Westminster College and an MSc in finance from the George Washington University. He holds the Chartered Financial Analyst® designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
