Voya Floating Rate's experienced and well-resourced team brings a circumspect approach to investing in the bank-loan market. The strategy earns a Morningstar Analyst Rating of Neutral on most share classes and a Negative for the most expensive share class.
Voya Floating Rate W IFRWX
NAV / 1-Day Return
8.61
/
0.02
%
Total Assets
441.2 Mil
Adj. Expense Ratio
0.770%
Expense Ratio
0.770%
Fee Level
Average
Longest Manager Tenure
11.99
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
4.02%
Effective Duration
0.12
years
Morningstar’s Fund Analysis IFRWX
Will IFRWX 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 IFRWX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IFRWX 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 IFRWX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A well-resourced team runs this conservative strategy.
