The team behind Voya Floating Rate is experienced and sensible in its approach but has struggled to distinguish itself from bank loan Morningstar Category peers in recent years. This leads to a downgrade of its Morningstar Analyst Rating to Neutral on most share classes, with a Negative for the most expensive share class. The two cheapest share classes earn Bronze and Silver ratings but are available only to other Voya funds and Voya affiliates.
Will IFRPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IFRPX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IFRPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IFRPX’s parent organization’s priorities and whether they’re in line with investors’ interests.