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Trending ETFs

Voya Short Duration Bond Fund

mutual fund
IWSBX
Payout Change
Pending
Price as of:
$9.35 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
W (IWSBX) R (VSTRX) A (IASBX) I (IISBX) R6 (IGZAX) C (ICSBX)
IWSBX (Mutual Fund)

Voya Short Duration Bond Fund

Payout Change
Pending
Price as of:
$9.35 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
W (IWSBX) R (VSTRX) A (IASBX) I (IISBX) R6 (IGZAX) C (ICSBX)
IWSBX (Mutual Fund)

Voya Short Duration Bond Fund

Payout Change
Pending
Price as of:
$9.35 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
W (IWSBX) R (VSTRX) A (IASBX) I (IISBX) R6 (IGZAX) C (ICSBX)

Name

As of 11/19/2024

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 Short Duration Bond Fund

IWSBX | Fund

$9.35

$611 M

4.91%

$0.46

0.39%

Vitals

YTD Return

4.4%

1 yr return

6.2%

3 Yr Avg Return

1.4%

5 Yr Avg Return

1.7%

Net Assets

$611 M

Holdings in Top 10

21.5%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 250.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

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 Short Duration Bond Fund

IWSBX | Fund

$9.35

$611 M

4.91%

$0.46

0.39%

IWSBX - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.18%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Voya Short Duration Bond Fund
  • Fund Family Name
    Voya mutual funds
  • Inception Date
    Dec 19, 2012
  • Shares Outstanding
    N/A
  • Share Class
    W
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Toms

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in a diversified portfolio of bonds or derivative instruments having economic characteristics similar to bonds. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy. Under normal circumstances, the average dollar-weighted duration of the Fund will not exceed 3 years. Because of the Fund's holdings in amortizing and/or sinking fund securities such as, but not exclusively, asset-backed, commercial mortgage-backed, residential mortgage-backed, collateralized loan obligations (“CLOs”), and corporate bonds, the Fund's average dollar-weighted duration is equivalent to the average weighted duration of the cash flows in the securities held by the Fund given certain prepayment assumptions.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 invests in non-government issued debt instruments, issued by companies of all sizes, rated investment grade, but may also invest up to 20% of its total assets in high yield securities, (commonly referred to as “junk bonds”) rated B or better by S&P Global Ratings (“S&P”) or equivalently rated by Moody’s Investors Service, Inc. (“Moody’s”), or by Fitch Ratings (“Fitch”) or, if not rated by Moody’s, S&P or Fitch, if the sub-adviser (the “Sub-Adviser”) determines at the time of purchase that they are of comparable quality. Money market securities must be rated in the two highest rating categories by Moody’s (P-1 or P-2), S&P (A-1+, A-1 or A-2) or Fitch (A-1+, A-1 or A-2), or determined, at the time of purchase, to be of comparable quality by the Sub-Adviser.The Fund may also invest in: preferred stocks; U.S. government securities, securities of foreign (non-U.S.) governments, and supranational organizations; mortgage-backed and asset-backed debt instruments; bank loans and floating rate secured loans; municipal bonds, notes, and commercial paper; and debt instruments of foreign (non-U.S.) issuers. The Fund may engage in dollar roll transactions and swap agreements, including credit default swaps, interest rate swaps, and total return swaps. The Fund may use options, options on swap agreements and futures contracts involving securities, securities indices and interest rates to hedge against market risk, to enhance returns, and as a substitute for taking a position in the underlying asset.In addition, private placements of debt instruments (which are often restricted securities) are eligible for purchase along with other illiquid securities.The Fund 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.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 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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IWSBX - Performance

Return Ranking - Trailing

Period IWSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -0.3% 18.5% 49.62%
1 Yr 6.2% 2.2% 22.9% 59.89%
3 Yr 1.4%* -5.6% 5.2% 53.38%
5 Yr 1.7%* -4.1% 5.6% 51.43%
10 Yr 1.8%* -18.8% 170.4% 45.17%

* Annualized

Return Ranking - Calendar

Period IWSBX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -1.6% 7.6% 73.28%
2022 -6.8% -17.7% -2.6% 40.58%
2021 -1.2% -4.0% 4.4% 18.56%
2020 1.3% -7.1% 7.6% 72.45%
2019 2.3% -2.3% 9.3% 32.28%

Total Return Ranking - Trailing

Period IWSBX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -0.3% 18.5% 49.62%
1 Yr 6.2% 2.2% 22.9% 59.89%
3 Yr 1.4%* -5.6% 5.2% 53.38%
5 Yr 1.7%* -4.1% 5.6% 51.43%
10 Yr 1.8%* -18.8% 170.4% 45.17%

* Annualized

Total Return Ranking - Calendar

Period IWSBX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% 1.8% 15.2% 51.34%
2022 -4.8% -17.3% -1.3% 47.57%
2021 0.6% -2.7% 7.7% 28.34%
2020 3.9% -2.4% 14.5% 58.98%
2019 5.2% 0.6% 12.6% 33.12%

NAV & Total Return History

IWSBX - Holdings

Concentration Analysis

IWSBX Category Low Category High IWSBX % Rank
Net Assets 611 M 14.5 K 57.3 B 64.45%
Number of Holdings 623 2 8314 34.03%
Net Assets in Top 10 111 M 1.05 M 6.81 B 70.53%
Weighting of Top 10 21.46% 1.9% 112.6% 62.17%

Top 10 Holdings

  1. United States Treasury Note/Bond 10.07%
  2. United States Treasury Note/Bond 2.48%
  3. ENTERPRISE DISC 07/01/16 1.94%
  4. CONCORD 07/02/24 1.55%
  5. DUKE ENERGY CO 07/01/2024 1.18%
  6. Freddie Mac REMICS 1.01%
  7. Freddie Mac Strips 0.89%
  8. DC Commercial Mortgage Trust 2023-DC 0.80%
  9. ILPT Commercial Mortgage Trust 2022-LPF2 0.77%
  10. Freddie Mac Strips 0.76%

Asset Allocation

Weighting Return Low Return High IWSBX % Rank
Bonds 		94.53% 0.00% 129.40% 24.52%
Other 		10.37% -0.97% 71.57% 46.96%
Convertible Bonds 		4.43% 0.00% 27.71% 22.29%
Cash 		0.12% -20.59% 71.38% 91.25%
Stocks 		0.00% 0.00% 99.96% 44.49%
Preferred Stocks 		0.00% 0.00% 24.12% 42.02%

Bond Sector Breakdown

Weighting Return Low Return High IWSBX % Rank
Government 		36.53% 0.00% 73.63% 24.19%
Corporate 		31.56% 0.00% 99.82% 66.29%
Securitized 		27.50% 0.00% 97.27% 40.00%
Cash & Equivalents 		0.12% 0.00% 71.38% 78.14%
Derivative 		0.09% -0.44% 27.90% 18.25%
Municipal 		0.00% 0.00% 14.41% 64.76%

Bond Geographic Breakdown

Weighting Return Low Return High IWSBX % Rank
US 		94.53% 0.00% 126.86% 21.29%
Non US 		0.00% 0.00% 82.20% 40.11%

IWSBX - Expenses

Operational Fees

IWSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.01% 3.29% 80.73%
Management Fee 0.25% 0.00% 1.19% 26.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% 48.01%

Sales Fees

IWSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

IWSBX 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.

IWSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 250.00% 2.00% 500.00% 89.91%

IWSBX - Distributions

Dividend Yield Analysis

IWSBX Category Low Category High IWSBX % Rank
Dividend Yield 4.91% 0.00% 11.11% 21.48%

Dividend Distribution Analysis

IWSBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

IWSBX Category Low Category High IWSBX % Rank
Net Income Ratio 1.18% -1.27% 4.98% 47.78%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IWSBX - Fund Manager Analysis

Managers

Matthew Toms

Start Date

Tenure

Tenure Rank

Dec 19, 2012

9.45

9.5%

Matt Toms, CFA, Chief Investment Officer, Fixed Income at Voya Investment Management. In this role, he leads a team of more than 100 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 the firm, 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 received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation.

Randall Parrish

Start Date

Tenure

Tenure Rank

Apr 01, 2017

5.17

5.2%

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.

Dave Goodson

Start Date

Tenure

Tenure Rank

Apr 01, 2017

5.17

5.2%

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

Sean Banai

Start Date

Tenure

Tenure Rank

Jul 31, 2021

0.83

0.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41

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