Skip to Content
Morningstar

Voya Floating Rate R IFRRX

Morningstar Medalist Rating
Medalist Rating as of | See Voya Investment Hub
  • NAV / 1-Day Return 8.20  /  +0.03 %
  • Total Assets 229.5 Mil
  • Adj. Expense Ratio
    1.290%
  • Expense Ratio 1.290%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 9.08%
  • Effective Duration 39.90 years

USD | NAV as of Jul 03, 2024 | 1-Day Return as of Jul 03, 2024, 12:04 AM GMT+0

Morningstar’s Analysis IFRRX

Will IFRRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IFRRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IFRRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of IFRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Voya Floating Rate R to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings IFRRX

More IFRRX Holdings
  • 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