- What does IIBAX invest in?
- Ordinarily, the fund commits at least 80% of its total assets (including any capital acquired through borrowing) to a diverse array of fixed-income securities. These investments primarily encompass bonds issued by corporations, governmental entities, and those backed by mortgages, although the fund is not confined solely to these types. A key criterion is that, at the moment of purchase, these bonds must possess an investment-grade credit rating. This typically means a rating of at least BBB- from S&P Global Ratings or Baa3 from Moody's Investors Service, or an equivalent assessment from any other nationally recognized statistical rating organization (NRSRO). If a bond is unrated, it must nonetheless be deemed of comparable quality.
- What is the expense ratio of IIBAX?
- Voya Intermediate Bond Fund (IIBAX) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations.
- What is IIBAX's dividend yield?
- IIBAX's trailing-twelve-month yield is 4.44%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of IIBAX?
- Effective duration measures IIBAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IIBAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of IIBAX?
- IIBAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of IIBAX?
- Yield to maturity (YTM) is the total return you'd earn from IIBAX if every bond in the portfolio is held to maturity at the current price. IIBAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
