Summary Prospectus July 31, 2024
Voya Securitized Credit Fund
|
Class/Ticker: A/VCFAX; I/VCFIX; R6/VCFRX; W/VSCWX
|
Before you invest, you may want to review the fund's Prospectus, which contains more
information about the fund and its risks. For free paper or electronic copies of the Prospectus and other fund information (including the Statement
of Additional Information and most recent financial report to shareholders), go to https://individuals.voya.com/literature; email a request to Voyaim_literature@voya.com; call 1-800-992-0180; or ask your salesperson, financial intermediary, or retirement plan administrator. The fund's Prospectus and
Statement of Additional Information, each dated July 31, 2024, and the audited financial statements that are included in the fund’s shareholder report dated March 31, 2024 are incorporated into this Summary Prospectus by reference and may be obtained free of charge at the website, phone number,
or e-mail address noted above.
Investment Objective
The Fund seeks to maximize total return through a combination of current income and
capital appreciation.
Fees and Expenses of the Fund
These tables describe the fees and expenses that you may pay if you buy, hold, and
sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries,
which are not reflected in the tables and examples below. You may qualify for sales charge discounts if you and your family invest, or agree
to invest in the future, at least $100,000 in Voya mutual funds. More information about these and other discounts is available from your financial
intermediary and in the discussion in the Sales Charges section of the Prospectus
(page 35), in Appendix A to the Prospectus, or the Purchase, Exchange, and Redemption of Shares section of the Statement of Additional
Information (page 77).
Shareholder Fees
Fees paid directly from your investment
Fees paid directly from your investment
|
Class
|
Maximum sales charge (load) as a % of
offering price imposed on purchases
|
Maximum deferred sales charge (load) as a % of
purchase or sales price, whichever is less
|
|
A
|
2.50
|
None1
|
|
I
|
None
|
None
|
|
R6
|
None
|
None
|
|
W
|
None
|
None
|
Annual Fund Operating Expenses
Expenses you pay each year as a % of the value of your investment
Expenses you pay each year as a % of the value of your investment
|
Class
|
|
A
|
I
|
R6
|
W
|
|
Management Fee
|
%
|
0.60
|
0.60
|
0.60
|
0.60
|
|
Distribution and/or Shareholder Services (12b-1) Fee
|
%
|
0.25
|
None
|
None
|
None
|
|
Other Expenses
|
%
|
0.22
|
0.11
|
0.07
|
0.22
|
|
Total Annual Fund Operating Expenses
|
%
|
1.07
|
0.71
|
0.67
|
0.82
|
|
Waivers and Reimbursements2
|
%
|
(0.07)
|
(0.03)
|
None
|
(0.07)
|
|
Total Annual Fund Operating Expenses After Waivers and
Reimbursements
|
%
|
1.00
|
0.68
|
0.67
|
0.75
|
1
A contingent deferred sales charge of 1.00% is assessed on certain redemptions of
Class A shares made within 12 months after purchase where no initial sales charge was paid at the time of purchase as part of an investment of
$500,000 or more.
2
Voya Investments, LLC (the “Investment Adviser”) is contractually obligated to limit expenses to 1.00%, 0.68%, 0.68%, and 0.75% for
Class A, Class I, Class R6, and Class W shares, respectively, through August 1, 2025. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fund Fees and Expenses. This
limitation is subject to possible recoupment by the Investment Adviser within 36 months of the waiver or reimbursement. The amount of the recoupment
is limited to the lesser of the amounts that would be recoupable under: (i) the expense limitation in effect at the time of the waiver or reimbursement;
or (ii) the expense limitation in effect at the time of recoupment. Termination or modification of these obligations requires approval by the Fund’s Board of Trustees (the “Board”).
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Expense Example
This Example is intended to help you compare the cost of investing in shares of the
Fund with the costs of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time
periods indicated. The Example shows costs if you sold (redeemed) your shares at the end of the period or continued to
hold them. The Example also assumes that your investment had a 5% return each year and that the Fund's operating expenses remain
the same. The Example reflects applicable expense limitation agreements and/or waivers in effect, if any, for the
one-year period and the first year of the three-, five-, and ten-year periods. Although your actual costs may be higher or lower, based on these assumptions your
costs would be:
|
Class
|
Share Status
|
|
1 Yr
|
3 Yrs
|
5 Yrs
|
10 Yrs
|
|
A
|
Sold or Held
|
$
|
349
|
575
|
819
|
1,517
|
|
I
|
Sold or Held
|
$
|
69
|
224
|
392
|
880
|
|
R6
|
Sold or Held
|
$
|
68
|
214
|
373
|
835
|
|
W
|
Sold or Held
|
$
|
77
|
255
|
448
|
1,007
|
The Example does not reflect sales charges (loads) on reinvested dividends (and other
distributions). If these sales charges (loads) were included, your costs would be higher.
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities
(or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result
in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating
Expenses or in the Expense Example, affect the Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 28% of the average value of its portfolio.
Principal Investment Strategies
Under normal market conditions, the Fund invests at least 80% of its net assets (plus
borrowings for investment purposes) in securitized credit securities. The Fund will provide shareholders with at least 60 days’ prior written notice of any change in this investment policy.
Securitized credit securities include commercial mortgage-backed securities (“CMBS”), asset-backed securities (“ABS”), agency and non-agency residential mortgage-backed securities (“MBS”), and collateralized mortgage obligations. These securities may be fixed rate or adjustable rate securities. Agency MBS are issued or guaranteed
by the U.S. government, its agencies or instrumentalities, which include mortgage pass-through securities representing
interests in pools of mortgage loans issued or guaranteed by the Government National Mortgage Association, the Federal National
Mortgage Association, or the Federal Home Loan Mortgage Corporation. The Fund may also invest in other debt instruments,
which include bonds and other similar instruments issued by various U.S. and non-U.S. public or private sector entities.
The Fund may invest in interest-only, principal-only, or inverse floating rate debt.
The Fund may invest in mortgage dollar rolls and may purchase or sell securities on a when-issued, delayed delivery, or forward
commitment basis through the “to-be-announced” (“TBA”) market. With TBA transactions, the particular securities to be delivered are not
identified at the trade date, but the delivered securities must meet specified terms and standards. The Fund may invest
a portion of its assets directly in mortgage loans. The Fund may invest in securities of any maturity or duration, and the securities
may have fixed, floating, or variable rates.
The Fund may invest without limit in mortgage-related high-yield (high risk) instruments
rated below investment grade (commonly referred to as “junk bonds”), that, at the time of purchase, are rated below Baa3 by Moody’s Investors Service, Inc., BBB- by S&P Global Ratings, or have an equivalent rating by a Nationally Recognized Statistical
Rating Organization, or, if unrated, are determined by the sub-adviser (the “Sub-Adviser”) to be of comparable quality. The Fund may invest in foreign (non-U.S.) securities, including securities of issuers located in emerging market countries,
which may include non-U.S. dollar denominated foreign (non-U.S.) mortgage securities.
The Fund may invest in derivative instruments including options, futures contracts,
options on futures, fixed-income swap agreements, credit default swap agreements, and currency related derivatives, including
currency forwards and currency swaps, subject to applicable law. The Fund typically uses derivatives to seek to reduce exposure
or other risks such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or
to enhance returns in the Fund. The Fund may seek to obtain market exposure to the securities in which it primarily invests
by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar
rolls and reverse repurchase agreements).
Summary Prospectus
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Voya Securitized Credit Fund
In evaluating investments for the Fund, the Sub-Adviser takes into account a wide
variety of factors and considerations to determine whether any or all of those factors or considerations might have a material
effect on the value, risks, or prospects of an investment. Among the factors considered, the Sub-Adviser expects typically
to take into account environmental, social, and governance (“ESG”) factors to determine whether one or more factors may have a material effect. In
considering ESG factors, the Sub-Adviser intends to rely primarily on factors identified through its
proprietary empirical research and on third-party evaluations of an issuer’s ESG standing. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; the extent to which ESG factors will affect the Sub-Adviser’s decision to invest in an issuer, if at all, will depend on the analysis and judgment of the Sub-Adviser.
The Fund may invest in other investment companies, including exchange-traded funds
(“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder,
and under the terms of applicable no-action relief or exemptive orders granted thereunder.
The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains,
limit losses, or redeploy assets into opportunities believed to be more promising.
The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 1∕3% of its total assets.
Principal Risks
You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform market averages of other funds.
The principal risks are presented in alphabetical order to facilitate readability, and their order does not imply that
the realization of one risk is more likely to occur or have a greater adverse impact than another risk.
Credit: The Fund could lose money if the issuer or guarantor of a debt instrument in which
the Fund invests, or the counterparty to a derivative contract the Fund entered into, is unable or unwilling, or is perceived
(whether by market participants, rating agencies, pricing services, or otherwise) as unable or unwilling, to meet its financial
obligations. Asset-backed (including mortgage-backed) securities that are not issued by U.S. government agencies may have
a greater risk of default because they are not guaranteed by either the U.S. government or an agency or instrumentality
of the U.S. government. The credit quality of typical asset-backed securities depends primarily on the credit quality
of the underlying assets and the structural support (if any) provided to the securities.
Credit Default Swaps: The Fund may enter into credit default swaps, either as a buyer or a seller of the
swap. A buyer of a credit default swap is generally obligated to pay the seller an upfront or a periodic
stream of payments over the term of the contract until a credit event, such as a default, on a reference obligation has occurred.
If a credit event occurs, the seller generally must pay the buyer the “par value” (full notional value) of the swap in exchange for an equal face amount of deliverable
obligations of the reference entity described in the swap, or the seller may be required
to deliver the related net cash amount if the swap is cash settled. As a seller of a credit default swap, the Fund would
effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure
on the full notional value of the swap. Credit default swaps are particularly subject to counterparty, credit, valuation,
liquidity, and leveraging risks, and the risk that the swap may not correlate with its reference obligation as expected. Certain standardized
credit default swaps are subject to mandatory central clearing. Central clearing is expected to reduce counterparty
credit risk and increase liquidity; however, there is no assurance that it will achieve that result, and in the meantime, central
clearing and related requirements expose the Fund to different kinds of costs and risks. In addition, credit default swaps
expose the Fund to the risk of improper valuation.
Currency: To the extent that the Fund invests directly or indirectly in foreign (non-U.S.) currencies
or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that
those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the
U.S. dollar will decline in value relative to the currency being hedged by the Fund through foreign currency exchange transactions.
Derivative Instruments: Derivative instruments are subject to a number of risks, including the risk of changes
in the market price of the underlying asset, reference rate, or index credit risk with respect to
the counterparty, risk of loss due to changes in market interest rates, liquidity risk, valuation risk, and volatility risk. The
amounts required to purchase certain derivatives may be small relative to the magnitude of exposure assumed by the Fund. Therefore,
the purchase of certain derivatives may have an economic leveraging effect on the Fund and exaggerate any increase or decrease
in the net asset value. Derivatives may not perform as expected, so the Fund may not realize the intended benefits. When
used for hedging purposes, the change in value of a derivative may not correlate as expected with the asset, reference rate,
or index being hedged. When used as an alternative or substitute for direct cash investment, the return provided by the
derivative may not provide the same return as direct cash investment.
Summary Prospectus
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Voya Securitized Credit Fund
Environmental, Social, and Governance (Fixed Income): The Sub-Adviser’s consideration of ESG factors in selecting investments for the Fund is based on information that is not standardized, some of which can be
qualitative and subjective by nature. The Sub-Adviser’s assessment of ESG factors in respect of obligations of an issuer may rely on third-party data that might be incorrect or based on incomplete or inaccurate information. There is no minimum percentage of the Fund’s assets that will be invested in obligations of issuers that the Sub-Adviser views favorably in light
of ESG factors, and the Sub-Adviser may choose not to invest in obligations of issuers that compare favorably to obligations
of other issuers on the basis of ESG factors. It is possible that the Fund will have less exposure to obligations of certain issuers due to the Sub-Adviser’s assessment of ESG factors than other comparable mutual funds. There can be no assurance that
an investment selected by the Sub-Adviser, which includes its consideration of ESG factors, will provide more favorable investment
performance than another potential investment, and such an investment may, in fact, underperform other potential investments.
Foreign (Non-U.S.) Investments/Developing and Emerging Markets: Investing in foreign (non-U.S.) securities may result in the Fund experiencing more rapid and extreme changes in value than a fund that invests
exclusively in securities of U.S. companies due, in part, to: smaller markets; differing reporting, accounting, auditing and financial
reporting standards and practices; nationalization, expropriation, or confiscatory taxation; foreign currency fluctuations,
currency blockage, or replacement; potential for default on sovereign debt; and political changes or diplomatic developments, which
may include the imposition of economic sanctions (or the threat of new or modified sanctions) or other measures by the U.S.
or other governments and supranational organizations. Markets and economies throughout the world are becoming increasingly
interconnected, and conditions or events in one market, country or region may adversely impact investments or issuers
in another market, country or region. Foreign (non-U.S.) investment risks may be greater in developing and emerging markets
than in developed markets.
High-Yield Securities: Lower-quality securities (including securities that are or have fallen below investment
grade and are classified as “junk bonds” or “high-yield securities”) have greater credit risk and liquidity risk than higher-quality (investment grade)
securities, and their issuers' long-term ability to make payments is considered speculative.
Prices of lower-quality bonds or other debt instruments are also more volatile, are more sensitive to negative news
about the economy or the issuer, and have greater liquidity risk and price volatility.
Interest in Loans: The value and the income streams of interests in loans (including participation interests
in lease financings and assignments in secured variable or floating rate loans) will decline if borrowers
delay payments or fail to pay altogether. A significant rise in market interest rates could increase this risk. Although loans
may be fully collateralized when purchased, such collateral may become illiquid or decline in value.
Interest Rate: A rise in market interest rates generally results in a fall in the value of bonds
and other debt instruments; conversely, values generally rise as market interest rates fall. Interest rate risk
is generally greater for debt instruments than floating-rate instruments. The higher the credit quality of the instrument, and the
longer its maturity or duration, the more sensitive it is to changes in market interest rates. Duration is a measure of sensitivity
of the price of a debt instrument to a change in interest rate. As of the date of this Prospectus, the U.S. has recently
experienced a rising market interest rate environment, which may increase the Fund’s exposure to risks associated with rising market interest rates. Rising market interest rates have unpredictable effects on the markets and may expose debt and related
markets to heightened volatility. To the extent that the Fund invests in debt instruments, an increase in market interest
rates may lead to increased redemptions and increased portfolio turnover, which could reduce liquidity for certain investments,
adversely affect values, and increase costs. Increased redemptions may cause the Fund to liquidate portfolio positions when
it may not be advantageous to do so and may lower returns. If dealer capacity in debt markets is insufficient for market
conditions, it may further inhibit liquidity and increase volatility in debt markets. Further, recent and potential future changes
in government policy may affect interest rates. Negative or very low interest rates could magnify the risks associated with
changes in interest rates. In general, changing interest rates, including rates that fall below zero, could have unpredictable effects
on markets and may expose debt and related markets to heightened volatility. Changes to monetary policy by the U.S. Federal
Reserve Board or other regulatory actions could expose debt and related markets to heightened volatility, interest rate
sensitivity, and reduced liquidity, which may impact the Fund’s operations and return potential.
Liquidity: If a security is illiquid, the Fund might be unable to sell the security at a time when the Fund’s manager might wish to sell, or at all. Further, the lack of an established secondary market may make
it more difficult to value illiquid securities, exposing the Fund to the risk that the prices at which it sells illiquid securities
will be less than the prices at which they were valued when held by the Fund, which could cause the Fund to lose money. The prices
of illiquid securities may be more volatile than more liquid securities, and the risks associated with illiquid securities may
be greater in times of financial stress. Certain securities that are liquid when purchased may later become illiquid, particularly
in times of overall economic distress or due to geopolitical events such as sanctions, trading halts, or wars.
Summary Prospectus
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Voya Securitized Credit Fund
Market Disruption and Geopolitical: The Fund is subject to the risk that geopolitical events will disrupt securities markets
and adversely affect global economies and markets. Due to the increasing interdependence
among global economies and markets, conditions in one country, market, or region might adversely impact markets, issuers
and/or foreign exchange rates in other countries, including the United States. Wars, terrorism, global health crises and
pandemics, and other geopolitical events that have led, and may continue to lead, to increased market volatility and may have
adverse short- or long-term effects on U.S. and global economies and markets, generally. For example, the COVID-19 pandemic
resulted in significant market volatility, exchange suspensions and closures, declines in global financial markets, higher default
rates, supply chain disruptions, and a substantial economic downturn in economies throughout the world. The economic impacts
of COVID-19 have created a unique challenge for real estate markets. Many businesses have either partially or
fully transitioned to a remote-working environment and this transition may negatively impact the occupancy rates of commercial real estate
over time. Natural and environmental disasters and systemic market dislocations are also highly disruptive to economies
and markets. In addition, military action by Russia in Ukraine has, and may continue to, adversely affect global energy and
financial markets and therefore could affect the value of the Fund’s investments, including beyond the Fund’s direct exposure to Russian issuers or nearby geographic regions. The extent and duration of the military action, sanctions, and resulting
market disruptions are impossible to predict and could be substantial. A number of U.S. domestic banks and foreign (non-U.S.) banks
have recently experienced financial difficulties and, in some cases, failures. There can be no certainty that the actions
taken by regulators to limit the effect of those financial difficulties and failures on other banks or other financial institutions
or on the U.S. or foreign (non-U.S.) economies generally will be successful. It is possible that more banks or other financial institutions
will experience financial difficulties or fail, which may affect adversely other U.S. or foreign (non-U.S.) financial institutions
and economies. These events as well as other changes in foreign (non-U.S.) and domestic economic, social, and political
conditions also could adversely affect individual issuers or related groups of issuers, securities markets, interest rates,
credit ratings, inflation, investor sentiment, and other factors affecting the value of the Fund’s investments. Any of these occurrences could disrupt the operations of the Fund and of the Fund’s service providers.
Mortgage- and/or Asset-Backed Securities: Defaults on, or low credit quality or liquidity of, the underlying assets of the asset-backed
(including mortgage-backed) securities may impair the value of these securities and
result in losses. There may be limitations on the enforceability of any security interest or collateral granted with respect
to those underlying assets, and the value of collateral may not satisfy the obligation upon default. These securities also present
a higher degree of prepayment and extension risk and interest rate risk than do other types of debt instruments.
Other Investment Companies: The main risk of investing in other investment companies, including ETFs, is the risk
that the value of an investment company’s underlying investments might decrease. Shares of investment companies that are listed on an exchange may trade at a discount or premium from their net asset value. You
will pay a proportionate share of the expenses of those other investment companies (including management fees, administration
fees, and custodial fees) in addition to the Fund’s expenses. The investment policies of the other investment companies may not be the same as those of the Fund; as a result, an investment in the other investment companies may be subject
to additional or different risks than those to which the Fund is typically subject. In addition, shares of ETFs may trade at a
premium or discount to net asset value and are subject to secondary market trading risks. Secondary markets may be subject to
irregular trading activity, wide bid/ask spreads, and extended trade settlement periods in times of market stress because market
makers and authorized participants may step away from making a market in an ETF’s shares, which could cause a material decline in the ETF’s net asset value.
Prepayment and Extension: Many types of debt instruments are subject to prepayment and extension risk. Prepayment
risk is the risk that the issuer of a debt instrument will pay back the principal earlier
than expected. This risk is heightened in a falling market interest rate environment. Prepayment may expose the Fund to a lower
rate of return upon reinvestment of principal. Also, if a debt instrument subject to prepayment has been purchased at
a premium, the value of the premium would be lost in the event of prepayment. Extension risk is the risk that the issuer of
a debt instrument will pay back the principal later than expected. This risk is heightened in a rising market interest rate environment.
This may negatively affect performance, as the value of the debt instrument decreases when principal payments are made later
than expected. Additionally, the Fund may be prevented from investing proceeds it would have received at a given time at
the higher prevailing interest rates.
Securities Lending: Securities lending involves two primary risks: “investment risk” and “borrower default risk.” When lending securities, the Fund will receive cash or U.S. government securities as collateral.
Investment risk is the risk that the Fund will lose money from the investment of the cash collateral received from the borrower.
Borrower default risk is the risk that the Fund will lose money due to the failure of a borrower to return a borrowed security.
Securities lending may result in leverage. The use of leverage may exaggerate any increase or decrease in the net asset value,
causing the Fund to be more volatile. The use of leverage may increase expenses and increase the impact of the Fund’s other risks.
Sovereign Debt: Sovereign debt is issued or guaranteed by foreign (non-U.S.) government entities.
Investments in sovereign debt are subject to the risk that a government entity may delay payment, restructure
its debt, or refuse to pay interest or repay principal on its sovereign debt due to cash flow problems, insufficient foreign
currency reserves, political considerations,
Summary Prospectus
5 of 8
Voya Securitized Credit Fund
social changes, the relative size of its debt position to its economy, or its failure
to put in place economic reforms required by the International Monetary Fund or other multilateral agencies. If a government
entity defaults, it may ask for more time in which to pay or for further loans. There is no legal process for collecting amounts
owed on sovereign debt, such as bankruptcy proceedings, that a government does not pay.
U.S. Government Securities and Obligations: U.S. government securities are obligations of, or guaranteed by, the U.S. government,
its agencies, or government-sponsored enterprises. U.S. government securities are
subject to market risk and interest rate risk, and may be subject to varying degrees of credit risk.
When-Issued, Delayed Delivery, and Forward Commitment Transactions: When-issued, delayed delivery, and forward commitment transactions involve the risk that the security the Fund buys will lose value prior
to its delivery. These transactions may result in leverage. The use of leverage may exaggerate any increase or decrease in the net
asset value, causing the Fund to be more volatile. The use of leverage may increase expenses and increase the impact of the Fund’s other risks. There also is the risk that the security will not be issued or that the other party will not meet
its obligation. If this occurs, the Fund loses both the investment opportunity for the assets it set aside to pay for the security and any gain in the security’s price.
An investment in the Fund is not a bank deposit and is not insured or guaranteed by
the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.
Performance Information
The following information is intended to help you understand the risks of investing
in the Fund. The following bar chart shows the changes in the Fund's performance from year to year, and the table compares the
Fund's performance to the performance of a broad-based securities market index/indices with investment characteristics similar
to those of the Fund for the same period. The Fund's performance information reflects applicable fee waivers and/or expense
limitations in effect during the period presented. Absent such fee waivers/expense limitations, if any, performance
would have been lower. The bar chart shows the performance of the Fund's Class A shares. Performance for other share classes would differ to the extent they have differences in their fees and expenses. Not all share classes of the Fund have the same inception date. For periods prior to the inception date of a share class, performance information shown for such
class may be based on the performance of a different class that has a longer history of operation and, in some cases, that
is no longer offered by the Fund. The Class A, Class I, Class R6 and Class W performance shown for the period prior to their inception
dates is the performance of Class P shares (which commenced operations on August 7, 2014), adjusted to reflect certain
fees and expenses paid by the class with a shorter history of continuous operations, as such fees and expenses were, at
the time of the adjustment, expected generally to be higher than the fees and expenses of the class on which its performance
information is based. The Fund's past performance (before and after taxes) is no guarantee of future results. For the most recent performance figures, go to https://individuals.voya.com/literature or call 1-800-992-0180.
Calendar Year Total Returns Class A
(as of December 31 of each year)
(as of December 31 of each year)
|
Best quarter:
|
2nd Quarter 2020
|
6.41%
|
|
Worst quarter:
|
1st Quarter 2020
|
-13.34%
|
|
Year-to-date total return:
|
June 30, 2024
|
3.82%
|
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Voya Securitized Credit Fund
Average Annual Total Returns %
(for the periods ended December 31, 2023)
(for the periods ended December 31, 2023)
|
|
|
1 Yr
|
5 Yrs
|
10 Yrs
|
Since
Inception
|
Inception
Date
|
|
Class A before taxes
|
%
|
6.58
|
1.26
|
N/A
|
2.90
|
8/3/2015
|
|
After tax on distributions
|
%
|
4.88
|
-0.19
|
N/A
|
1.17
|
|
|
After tax on distributions with sale
|
%
|
3.86
|
0.34
|
N/A
|
1.46
|
|
|
Bloomberg U.S. Aggregate Bond Index1,2
|
%
|
5.53
|
1.10
|
N/A
|
1.48
|
|
|
Bloomberg U.S. Securitized MBS/ABS/CMBS Index2
|
%
|
5.08
|
0.37
|
N/A
|
1.12
|
|
|
Class I before taxes
|
%
|
9.72
|
2.11
|
N/A
|
3.51
|
8/3/2015
|
|
Bloomberg U.S. Aggregate Bond Index1,2
|
%
|
5.53
|
1.10
|
N/A
|
1.48
|
|
|
Bloomberg U.S. Securitized MBS/ABS/CMBS Index2
|
%
|
5.08
|
0.37
|
N/A
|
1.12
|
|
|
Class R6 before taxes
|
%
|
9.61
|
2.08
|
N/A
|
3.50
|
7/31/2020
|
|
Bloomberg U.S. Aggregate Bond Index1,2
|
%
|
5.53
|
1.10
|
N/A
|
1.48
|
|
|
Bloomberg U.S. Securitized MBS/ABS/CMBS Index2
|
%
|
5.08
|
0.37
|
N/A
|
1.12
|
|
|
Class W before taxes
|
%
|
9.52
|
2.04
|
N/A
|
3.45
|
8/1/2017
|
|
Bloomberg U.S. Aggregate Bond Index1,2
|
%
|
5.53
|
1.10
|
N/A
|
1.48
|
|
|
Bloomberg U.S. Securitized MBS/ABS/CMBS Index2
|
%
|
5.08
|
0.37
|
N/A
|
1.12
|
|
1
Effective commencing with shareholder reports filed and transmitted to shareholders
after July 24, 2024, the Investment Adviser changed the primary benchmark from the Bloomberg U.S. Securitized MBS/ABS/CMBS Index to the Bloomberg
U.S. Aggregate Bond Index in accordance with recent changes to regulatory disclosure requirements. The Fund continues to use the Bloomberg U.S.
Securitized MBS/ABS/CMBS Index as an additional benchmark that the Investment Adviser believes more closely reflects the Fund's principal investment
strategies.
2
The index returns do not reflect deductions for fees, expenses, or taxes.
After-tax returns are calculated using the historical highest individual U.S. federal
marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from
those shown, and the after-tax returns shown are not relevant to investors who hold their
Fund shares through tax-advantaged arrangements such as 401(k) plans or individual retirement accounts (“IRAs”). In some cases the after-tax returns may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares
at the end of the measurement period. After-tax returns are shown for Class A shares only. After-tax returns for other classes
will vary.
Portfolio Management
|
Investment Adviser
|
|
Voya Investments, LLC
|
|
Sub-Adviser
|
|
Voya Investment Management Co. LLC
|
|
Portfolio Managers
|
|
|
Jonathan Abshire, CFA
Portfolio Manager (since 06/18)
|
David Goodson
Portfolio Manager (since 08/14)
|
Purchase and Sale of Fund Shares
Shares of the Fund may be purchased or sold on any business day (normally any day
when the New York Stock Exchange opens for regular trading). You can buy or sell shares of the Fund through a broker-dealer
or other financial intermediary; by visiting our website at www.voyainvestments.com; by writing to us at Voya Investment
Management, 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258-2034; or by calling us at 1-800-992-0180.
Minimum Initial Investment $ by share class
|
Class
|
A
|
I
|
R6
|
W
|
|
|
Non-retirement accounts
|
$
|
1,000
|
250,000
|
1,000,000
|
1,000
|
|
Retirement accounts
|
$
|
250
|
250,000
|
None
|
1,000
|
|
Certain omnibus accounts
|
$
|
250
|
None
|
None
|
None
|
|
Pre-authorized investment plan
|
$
|
1,000
|
250,000
|
None
|
1,000
|
There are no minimums for additional investments except that the pre-authorized investment
plan requires a monthly investment of at least $100. For Class I shares, there is no minimum initial investment requirement for: (i) qualified
retirement plans or other defined contribution plans and defined benefit plans that invest in the Voya
funds through omnibus arrangements; (ii) employees of Voya Investment Management Co. LLC (“Voya IM”) who are eligible to participate in “notional” bonus programs
Summary Prospectus
7 of 8
Voya Securitized Credit Fund
sponsored by Voya IM; or (iii) (a) investors transacting in Class I shares through
brokerage platforms that invest in the Voya funds’ Class I shares through omnibus accounts and have agreements with the distributor to offer such shares and (b) such brokerage platforms’ omnibus accounts.
Tax Information
The Fund's distributions are generally taxable to you as ordinary income, capital
gains, or a combination of the two, unless you are investing through a tax-advantaged arrangement, such as a 401(k) plan or an
IRA. If you are investing through a tax-advantaged arrangement, you may be taxed upon withdrawals from that arrangement.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such
as a bank), the Fund and/or its related companies may pay the intermediary for the sale of Fund shares and/or related services.
These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your
salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary’s website for more information.
Bloomberg Index Data Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or its licensors own all proprietary rights in the Bloomberg Indices.
Bloomberg does not approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or
make any warranty, express or implied, as to the results to be obtained.
Summary Prospectus
8 of 8
170448 (0724-073124)