Voya Intermediate Bond Fund Class R (IIBOX)

Overview

The company operates a fund focused on investing primarily in a diverse mix of bonds, ensuring a robust portfolio that underpins its investment strategy. Central to its approach is the commitment to invest a minimum of 80% of its net assets (inclusive of borrowed funds intended for investment purposes) into bonds. These bonds span various categories, including corporate, government, and mortgage bonds, offering a broad exposure to different debt securities. A distinguishing characteristic of the fund is its dedication to investment-grade bonds, which are identified based on ratings from recognized authorities such as S&P Global Ratings and Moody's Investors Service, Inc. Specifically, the fund targets bonds rated at least BBB- by S&P or Baa3 by Moody's, or those that possess an equivalent rating from other nationally recognized statistical rating organizations (NRSROs). This criterion is also extended to unrated bonds, provided they are deemed to be of similar quality, ensuring a certain level of safety and creditworthiness in the fund's investments.

Products and Services

• Investment in Corporate Bonds

  This service focuses on investing in the debt securities of corporations. These bonds are a type of fixed-income investment, offering regular interest payments and the return of principal upon maturity. By selecting corporate bonds, the fund aims to achieve stable returns from companies with sound financial health.

• Investment in Government Bonds

  This refers to investments in securities issued by governments. Government bonds are considered safe due to the backing by governmental entities, and they provide a way for the fund to gain predictable income while minimizing risk. The fund leverages government bonds to diversify its portfolio and tap into the stability offered by sovereign issuers.

• Investment in Mortgage Bonds

  Mortgage bonds are backed by real estate or physical assets, providing another layer of diversity to the fund’s investment portfolio. By including mortgage bonds, the fund benefits from the security offered by tangible assets, aiming for returns that are bolstered by the real estate market’s performance.

• Commitment to Investment-Grade Bonds

  A key strategy of the fund is its focus on investment-grade bonds, which are assessed to have a high credit quality by major rating agencies. These bonds offer a lower risk of default compared to non-investment grade bonds, aligning with the fund’s objective to safeguard its investments while ensuring reasonable returns. The inclusion of bonds rated at least BBB- by S&P or Baa3 by Moody's, or those of equivalent quality, underpins the fund's conservative yet effective investment approach.