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Voya Floating Rate P IFRPX

Analyst rating as of
NAV / 1-Day Return
8.73  /  0.13 %
Total Assets
605.9 Mil
Adj. Expense Ratio
0.200%
Expense Ratio
0.200%
Fee Level
Low
Longest Manager Tenure
9.99 years
Category
US Fund Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
5.56%
Effective Duration
0.13 years
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Morningstar’s Analysis

Will IFRPX outperform in future?

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

An experienced team with an adequate process.

Associate Director

Summary

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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.

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