Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Voya Floating Rate A IFRAX
- NAV / 1-Day Return 8.22 / +0.03 %
- Total Assets 229.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.040%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low/Extensive
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 9.28%
- Effective Duration 39.90 years
USD | NAV as of Jul 03, 2024 | 1-Day Return as of Jul 03, 2024, 12:13 AM GMT+0
Morningstar’s Analysis IFRAX
Will IFRAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Greeneden U.S. 12/01/2027 | 0.75 | 1.8 Mil | Corporate |
Peraton 02/22/2028 | 0.72 | 1.7 Mil | Corporate |
Assuredpartner 02/14/2031 | 0.70 | 1.7 Mil | Corporate |
Hub International Ltd | 0.69 | 1.6 Mil | Corporate |
Ultimate Krono 01/31/2031 | 0.64 | 1.5 Mil | Corporate |
Medline Borrow 10/23/2028 | 0.62 | 1.5 Mil | Corporate |
Athenahealth, 02/01/2029 | 0.61 | 1.5 Mil | Corporate |
Harbor Freight Tools | 0.61 | 1.4 Mil | Corporate |
Restaurant Brands | 0.60 | 1.4 Mil | Corporate |
Usi, Inc. | 0.60 | 1.4 Mil | Corporate |