Voya Intermediate Bond Fund Class C (IICCX)

Overview

The described fund is an investment vehicle primarily focused on allocating its resources into a diversified portfolio of bonds. These bonds encompass a broad range from corporate to government and mortgage bonds. A key investment criterion for the fund is the quality of these bonds, as it primarily invests in those rated as investment-grade. This classification includes bonds rated at least BBB- by S&P Global Ratings, Baa3 by Moody's Investors Service, Inc., or their equivalents from any nationally recognized statistical rating organization (NRSRO). Additionally, the fund considers bonds that are unrated but are deemed of comparable quality. This strategic approach is aimed at ensuring a stable and relatively low-risk investment avenue for its assets, which are further supplemented by borrowings specifically purposed for investment, under normal market conditions. The fund commits at least 80% of its net assets, factoring in these borrowings, towards maintaining this investment-grade bond portfolio.

Products and Services

• Corporate Bonds

  Part of the investment portfolio includes corporate bonds, which are debt securities issued by corporations to fund their business operations. These bonds are targeted for their potential to offer reliable returns, underpinned by the creditworthiness of the issuing corporations.

• Government Bonds

  Another significant component of the portfolio is government bonds, which are issued by various levels of government. These bonds typically provide a lower risk of default compared to other types of bonds, making them an attractive investment for those seeking stability in their returns.

• Mortgage Bonds

  The fund also invests in mortgage bonds, which are backed by real estate or physical assets as security. These bonds offer a different risk-return profile, giving the portfolio diversification and the potential for income through secured lending.

• Investment-Grade Bonds

  Central to the fund's strategy is the focus on investment-grade bonds. These are bonds that have been rated at least BBB- by S&P, Baa3 by Moody's, or hold an equivalent rating by a nationally recognized statistical rating organization (NRSRO), reflecting their lower risk of default. The fund may also consider unrated bonds that are assessed to be of comparable quality, ensuring a wide range of investment opportunities within the realm of relatively safe bond investments.