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 8.33 / +0.03 %
- Total Assets 226.7 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 —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 9.26%
- Effective Duration —
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM 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
|
---|---|---|---|
State Street Instl Liquid Reserves Prem | 1.69 | 4.0 Mil | Cash and Equivalents |
Peraton Corp. Term Loan B | 0.73 | 1.7 Mil | Corporate |
Medline Borrower, Lp Usd Term Loan B | 0.68 | 1.6 Mil | Corporate |
Hub International Limited 2024 Term Loan B | 0.68 | 1.6 Mil | Corporate |
Belron Finance Us Llc 2023 Usd Term Loan | 0.67 | 1.6 Mil | Corporate |
Citadel Securities Lp 2024 Term Loan B | 0.66 | 1.6 Mil | Corporate |
Ultimate Software Group Inc (The) 2021 Term Loan | 0.63 | 1.5 Mil | Corporate |
American Airlines, Inc. 2021 Term Loan | 0.62 | 1.5 Mil | Corporate |
Mks Instruments, Inc. 2023 Term Loan B | 0.62 | 1.5 Mil | Corporate |
Athenahealth, Inc. 2022 Term Loan B | 0.61 | 1.5 Mil | Corporate |