Voya GNMA Income's well-resourced team employs a meticulous and risk-conscious approach to agency mortgage investing that is repeatable and has resulted in compelling returns. That, combined with a recent 11 basis-point fee reduction across share classes, helped two of the cheaper share classes earn a Morningstar Analyst rating of Bronze, while the more expensive share classes continue to receive a Neutral.
Voya GNMA Income I LEINX
NAV / 1-Day Return
8.55
/
0.00
%
Total Assets
1.7 Bil
Adj. Expense Ratio
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.
0.540%
Expense Ratio
0.540%
Fee Level
Above Average
Longest Manager Tenure
11.79
years
Category
Intermediate Government
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
250,000
Status
Open
TTM Yield
2.40%
Effective Duration
2.52
years
Premium
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 LEINX 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 LEINX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LEINX 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 LEINX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A thoughtfully executed GNMA-focused offering.
