Dan Norman’s upcoming retirement, effective at the end of 2020, does not have a material impact on the ratings on Voya Floating Rate; the strategy retains its Above Average People Pillar rating and current Morningstar Analyst Ratings. Norman has managed the strategy alongside comanager Jeff Bakalar since its 2010 inception and serves as co-group head of Voya’s senior loan team alongside Bakalar. Norman is currently a member of the group’s investment committee and oversees the group’s operations and administrative teams. Bakalar is the group’s chief investment officer, and he will assume sole leadership of the team following Norman’s retirement; Norman will stay on in an advisory capacity to ensure a smooth transition. Charles LeMieux, appointed to this strategy officially in February 2020, is responsible for the day-to-day operations of the strategy and is also part of the team’s investment committee. This remains one of the most robust and experienced bank-loan teams in the market, with three portfolio managers, four traders, and 11 analysts.
Voya Floating Rate W IFRWX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Upcoming Retirement Does Not Affect Ratings on Voya Floating Rate
