Voya Intermediate Bond Fund Class I (IICIX)
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Voya Intermediate Bond Fund Class I Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 2,362 | $20,747.79 | $20,714.74 | -$33.05 | -0.16% |
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Voya Intermediate Bond Fund Class I Profile
| NASDAQ Exchange | US Country |
Overview
The company operates as an investment fund focusing on maximizing returns for its investors through a diversified portfolio of bonds. It adheres to a strategic approach that emphasizes investment-grade bonds, which ensures a stable and relatively low-risk investment avenue. By targeting bonds that are categorized as investment-grade (e.g., at least BBB- by S&P Global Ratings or Baa3 by Moody’s Investors Service, Inc.) or possessing an equivalent rating by any nationally recognized statistical rating organization (NRSRO), the fund aims to maintain a high quality of investments. This includes corporate, government, and mortgage bonds. The fund also leaves room for investing in bonds that, while not rated, are deemed to be of comparable quality. Key to its strategy is the commitment to invest at least 80% of its net assets (along with any borrowings for investment purposes) in this focused range of securities.
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- Corporate Bonds:
These are debt securities issued by corporations to fund capital improvements, expansions, debt refinancing, or acquisitions. Corporate bonds are considered a higher risk compared to government bonds but typically offer higher yields. The fund selects investment-grade corporate bonds to ensure a balance between risk and return for its investors.
- Government Bonds:
Issued by national governments, these bonds are considered to be among the safest investments since they are backed by the full faith and credit of the issuing government. The inclusion of government bonds in the portfolio provides a stable income stream and helps in risk diversification.
- Mortgage Bonds:
These are secured by mortgages on real properties. Mortgage bonds can offer higher yields compared to other types of government or corporate bonds, with the added security of being backed by physical assets. The fund invests in mortgage bonds that match its investment-grade criteria, adding another layer of diversification to its portfolio.
- Investment-Grade Bonds:
As the core of its investment strategy, the fund focuses on bonds that are rated at least BBB- by S&P Global Ratings or Baa3 by Moody’s Investors Service, Inc., or have an equivalent rating by a nationally recognized statistical rating organization. This focus ensures that the investments are of high quality and have a relatively low risk of default, catering to investors seeking stable returns with controlled risk.
