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Trending ETFs

Voya Investment Grade Credit Fund

mutual fund
VIGWX
Payout Change
Pending
Price as of:
$9.2 -0.04 -0.43%
primary theme
Corporate Bond
share class
W (VIGWX) I (VIGCX) R6 (VIGTX) A (VACFX)
VIGWX (Mutual Fund)

Voya Investment Grade Credit Fund

Payout Change
Pending
Price as of:
$9.2 -0.04 -0.43%
primary theme
Corporate Bond
share class
W (VIGWX) I (VIGCX) R6 (VIGTX) A (VACFX)
VIGWX (Mutual Fund)

Voya Investment Grade Credit Fund

Payout Change
Pending
Price as of:
$9.2 -0.04 -0.43%
primary theme
Corporate Bond
share class
W (VIGWX) I (VIGCX) R6 (VIGTX) A (VACFX)

Name

As of 12/12/2024

Price

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

Voya Investment Grade Credit Fund

VIGWX | Fund

$9.20

$58.3 M

4.86%

$0.45

1.03%

Vitals

YTD Return

4.9%

1 yr return

6.0%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

0.8%

Net Assets

$58.3 M

Holdings in Top 10

11.8%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 259.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/12/2024

Price

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

Voya Investment Grade Credit Fund

VIGWX | Fund

$9.20

$58.3 M

4.86%

$0.45

1.03%

VIGWX - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya Investment Grade Credit Fund
  • Fund Family Name
    Voya mutual funds
  • Inception Date
    Aug 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    W
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Travis King

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in investment-grade fixed-income securities. The Fund will provide shareholders with at least 60 days' prior notice of any change in this investment policy. Investment-grade fixed-income securities, at the time of purchase, are rated at least Baa3 by Moody’s Investors Service, Inc. (“Moody's”), BBB- by S&P Global Ratings (“S&P”), BBB- by Fitch Ratings (“Fitch”), or have an equivalent rating by a Nationally Recognized Statistical Rating Organization (“NRSRO”), or, if unrated, are determined by the sub-adviser (the “Sub-Adviser”) to be of comparable quality. The Fund may concentrate its portfolio investments in any one industry or group of industries under certain circumstances. Generally, the Fund will not invest in a security if, after the investment, more than 25% of its total assets would be invested in one or more issuers conducting their principal business activities in the same industry. However, the Fund may invest between 25% and 35% of its total assets in the securities of any one industry group or group of industries, if at the time of investment, that industry group or group of industries represents 20% or more of the Bloomberg U.S. Corporate Index (the “Index”). As of June 30, 2024, the banking industry represented 20% or more of the Index.The securities that the Fund may invest in include, but are not limited to, the following:•debt instruments issued by U.S. and foreign (non-U.S.) entities that are denominated in U.S. or foreign (non-U.S.) currencies, including, but not limited to, collateralized debt obligations, collateralized loan obligations (“CLOs”), convertible bonds, collateralized mortgage obligations and U.S. and foreign (non-U.S.) mortgage-backed and asset-backed debt instruments;•debt instruments that are denominated in U.S. or foreign (non-U.S.) currencies and issued or guaranteed by the U.S. government and foreign (non-U.S.) governments and their agencies and instrumentalities;•preferred stocks;•money market instruments; and•municipal bonds.Generally, the Sub-Adviser maintains a dollar-weighted average duration between three and ten years for the Fund. Duration is a commonly used measure of risk in debt instruments as it incorporates multiple features of debt instruments (e.g., yield, coupon, maturity, etc.) into one number. Duration is a measure of sensitivity of the price of a debt instrument to a change in interest rates. Duration is a weighted average of the times that interest payments and the final return of principal are received. The weights are the amounts of the payments discounted by the yield-to-maturity of the debt instrument. Duration is expressed as a number of years. The bigger the duration number, the greater the interest rate risk or reward for the debt instrument prices. For example, the price of a bond with an average duration of 5 years would be expected to fall approximately 5% if market interest rates rose by 1%. Conversely, the price of a bond with an average duration of 5 years would be expected to rise approximately 5% if market interest rates dropped by 1%.The Fund may also invest up to 10% of its assets in high-yield (high risk) debt instruments, commonly referred to as “junk bonds.” High-yield debt instruments are debt instruments that, at the time of purchase, are not investment-grade fixed-income securities as defined above. High-yield debt instruments, at the time of purchase, are rated at least B3 by Moody’s, B- by S&P, B- by Fitch, or have an equivalent rating by a NRSRO, or, if unrated, are determined by the Sub-Adviser to be of comparable quality.The Fund may invest in real estate securities, including real estate investment trusts (“REITs”).The Fund may also engage in dollar roll transactions, repurchase agreements and reverse repurchase agreements, options, futures and forward contracts involving securities, securities indices, foreign currencies, interest rates, and swap agreements, including credit default swaps. The Fund 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 Fund.The Sub-Adviser believes that relationships between the drivers of debt instrument returns change over time and that recognizing this is key to managing such assets. Therefore, the Sub-Adviser employs a dynamic investment process that seeks to balance top-down macro economic considerations and fundamental bottom-up analysis during the steps of its investment process: sector allocation, security selection, duration, and yield curve management. This includes utilizing proprietary qualitative analysis along with quantitative tools throughout the portfolio construction process.In evaluating investments for the Fund, 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 Fund may also 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 (“1940 Act”).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 Fund 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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VIGWX - Performance

Return Ranking - Trailing

Period VIGWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -0.4% 9.0% 28.49%
1 Yr 6.0% 2.4% 11.8% 47.67%
3 Yr -2.3%* -7.3% 41.4% 76.02%
5 Yr 0.8%* -6.9% 25.7% 49.06%
10 Yr N/A* 0.1% 14.6% 12.12%

* Annualized

Return Ranking - Calendar

Period VIGWX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -5.6% 6.3% 86.63%
2022 -19.5% -28.7% 142.1% 82.46%
2021 -4.5% -12.3% 4.9% 58.93%
2020 4.5% -8.0% 10.6% 70.73%
2019 8.9% 4.3% 13.4% 79.87%

Total Return Ranking - Trailing

Period VIGWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -0.4% 9.0% 28.49%
1 Yr 6.0% 2.4% 11.8% 47.67%
3 Yr -2.3%* -7.3% 41.4% 76.02%
5 Yr 0.8%* -6.9% 25.7% 49.06%
10 Yr N/A* 0.1% 14.6% 12.12%

* Annualized

Total Return Ranking - Calendar

Period VIGWX Return Category Return Low Category Return High Rank in Category (%)
2023 8.6% -5.6% 12.9% 52.91%
2022 -16.9% -25.6% 151.8% 84.21%
2021 -0.8% -5.1% 7.5% 51.79%
2020 12.8% -8.0% 116.0% 15.24%
2019 15.7% 6.7% 17.4% 9.09%

NAV & Total Return History

VIGWX - Holdings

Concentration Analysis

VIGWX Category Low Category High VIGWX % Rank
Net Assets 58.3 M 17.6 M 47.3 B 87.21%
Number of Holdings 718 4 10364 37.79%
Net Assets in Top 10 8.52 M -29.6 M 3.03 B 87.21%
Weighting of Top 10 11.82% 1.7% 143.7% 57.56%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.82%
  2. BETHESDA SECURITIES 1.39%
  3. Goldman Sachs Group Inc/The 0.87%
  4. United States Treasury Note/Bond 0.83%
  5. Lloyds Banking Group PLC 0.81%
  6. United States Treasury Note/Bond 0.65%
  7. Banco Santander SA 0.65%
  8. Huntington Bancshares Inc/OH 0.64%
  9. Laboratory Corp of America Holdings 0.58%
  10. MetLife Inc 0.57%

Asset Allocation

Weighting Return Low Return High VIGWX % Rank
Bonds 		98.80% 0.00% 136.47% 15.70%
Convertible Bonds 		5.32% 0.00% 78.47% 41.28%
Other 		1.86% -5.08% 9.86% 21.51%
Stocks 		0.00% 0.00% 99.98% 81.40%
Preferred Stocks 		0.00% 0.00% 9.18% 84.88%
Cash 		0.00% -43.80% 45.89% 97.67%

Bond Sector Breakdown

Weighting Return Low Return High VIGWX % Rank
Corporate 		86.16% 41.80% 99.52% 59.88%
Government 		10.61% 0.00% 25.63% 31.40%
Securitized 		2.62% 0.00% 23.18% 30.23%
Derivative 		0.06% -2.44% 2.14% 31.40%
Cash & Equivalents 		0.00% 0.00% 45.89% 97.67%
Municipal 		0.00% 0.00% 3.37% 92.44%

Bond Geographic Breakdown

Weighting Return Low Return High VIGWX % Rank
US 		98.80% 0.00% 112.17% 13.95%
Non US 		0.00% 0.00% 47.05% 85.47%

VIGWX - Expenses

Operational Fees

VIGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.03% 3.33% 27.22%
Management Fee 0.50% 0.00% 1.35% 89.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

VIGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VIGWX 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.

VIGWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 259.00% 0.00% 259.00% 98.82%

VIGWX - Distributions

Dividend Yield Analysis

VIGWX Category Low Category High VIGWX % Rank
Dividend Yield 4.86% 0.00% 6.00% 14.53%

Dividend Distribution Analysis

VIGWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VIGWX Category Low Category High VIGWX % Rank
Net Income Ratio 2.10% 0.38% 5.93% 61.18%

Capital Gain Distribution Analysis

VIGWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VIGWX - Fund Manager Analysis

Managers

Travis King

Start Date

Tenure

Tenure Rank

May 31, 2013

9.01

9.0%

Travis King, CFA Co-Head of Investment Grade Credit Travis King is co-head of investment grade credit at Voya Investment Management. Prior to joining the firm, he was a senior fixed income analyst with Reams Asset Management. Travis received a BBA from James Madison University and an MBA from Memorial University. He holds the Chartered Financial Analyst® designation.

Anil Katarya

Start Date

Tenure

Tenure Rank

May 31, 2013

9.01

9.0%

Anil Katarya, CFA Co-Head of Investment Grade Credit Anil Katarya is co-head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously, Anil was the head of credit portfolio management and also served as a portfolio manager and credit analyst on the investment grade team since joining Voya in 2000. Prior to joining the firm, Anil was a financial analyst for Mirant Inc. He received a BS in mechanical engineering from Kurukshetra University, India, and an MBA from Georgia State University. Anil holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.84 4.41

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