- What does IIBZX invest in?
- Typically, the Voya Intermediate Bond Fund dedicates a substantial portion – specifically, a minimum of 80% of its total investable assets (which includes any capital acquired through borrowing for investment purposes) – to a diverse array of debt instruments. These holdings encompass various types of bonds, such as those issued by corporations, governmental bodies, and mortgage-backed securities, among others. A crucial condition for these investments is that, upon their acquisition, they must carry an investment-grade credit rating. This generally translates to a rating of at least BBB- from S&P Global Ratings or Baa3 from Moody's Investors Service, Inc., or an equivalent assessment from any other nationally recognized statistical rating organization (NRSRO). Furthermore, if a bond does not possess an official rating, it must still be considered to be of a similar high quality. This investment strategy is adhered to under ordinary market circumstances.
- What is the expense ratio of IIBZX?
- Voya Intermediate Bond Fund (IIBZX) charges an expense ratio of 0.31%. This is the annual fee deducted from fund assets to cover management and operations.
- What is IIBZX's dividend yield?
- IIBZX's trailing-twelve-month yield is 4.87%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of IIBZX?
- Effective duration measures IIBZX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IIBZX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of IIBZX?
- IIBZX'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 IIBZX?
- Yield to maturity (YTM) is the total return you'd earn from IIBZX if every bond in the portfolio is held to maturity at the current price. IIBZX'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.
