Voya VACS Series EMCD Fund

C000114260 Fund Overview

Voya VACS Series EMCD Fund is a US mutual fund managed by Voya Separate Portfolios Trust, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Voya Separate Portfolios Trust
• Category: Intermediate Corporate Bond
• Assets under management: $56.50M
• 1-year return: 10.3%
• SEC CIK: 0001392116
• SEC series ID: S000037123
• Share class ID: C000114260

C000114260 Investment Objective and Strategy

Voya VACS Series EMCD Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Voya Separate Portfolios Trust.

Investment objective

The Fund seeks to maximize total return through a combination of current income and capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in fixed-income and floating rate debt instruments of corporate issuers in emerging market countries. The Fund will provide shareholders with at least 60 days' prior written notice of any changes in this investment policy. The Fund may invest in all types of foreign and emerging market fixed-income and floating rate debt instruments and will invest primarily in fixed-income and floating rate debt instruments of corporations. The Fund's holdings may be denominated in U.S. dollars and foreign currencies. The Fund's investments in derivatives and other synthetic instruments that have economic characteristics similar to these investments will be counted toward satisfaction of the 80% policy.

The Fund may also invest in other types of securities including, but not limited to, fixed-income and floating rate debt instruments of non-emerging market foreign issuers. The Fund may concentrate its portfolio investments in any one industry or group of industries under certain circumstances. Generally, the Fund will not invest in a security if, after the investment, more than 25% of its total assets would be invested in any one industry or group of industries, provided that the Fund may invest between 25% and 35% of its total assets in the securities of any one industry group or group of industries, if at the time of investment, that industry or group of industries represents 20% or more of the Fund's primary benchmark index. The Fund's primary benchmark index is the J.P. Morgan Corporate EMBI Diversified Index.

As of June 30, 2018, the banking industry represented 20% or more of the primary benchmark index. Fixed-income and floating rate debt instruments include bonds, debt securities, and other similar instruments. Debt securities may include, without limitation, bonds, debentures, notes, convertible securities, commercial paper, loans and related assignments and participations, corporate debt, asset-backed securities, bank certificates of deposit, fixed time deposits, bankers' acceptances, and money market instruments including money market funds denominated in U.S. dollars or other currencies. In addition, the Fund may invest in dividend-paying convertible stocks and convertible bonds, and preferred stocks. Emerging market countries include all countries in the world except Australia, Austria, Belgium, Canada, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Japan, Malta, The Netherlands, New Zealand, Norway, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom, and the United States.

An emerging market issuer is one: (i) that is organized under the laws of, or has a principal place of business in an emerging market country; (ii) where the principal securities market is in an emerging market country; (iii) that derives at least 50% of its total revenues or profits from goods that are produced or sold, investments made, or services performed in emerging market countries; or (iv) at least 50% of the assets of which are located in emerging market countries. The Fund may invest in companies of any market capitalization. The Fund may engage in leveraging by borrowing money and investing the proceeds of such loans in portfolio securities to the extent permitted under the 1940 Act. The Fund may invest in obligations of any credit quality and may invest without limit in debt securities that are below investment-grade (commonly referred to as junk bonds) that at the time of purchase are rated below BBB- by S&P Global Ratings or Baa3 by Moodys Investors Service, Inc., or are comparably rated by another Nationally Recognized Statistical Rating Organization (NRSRO) or, if unrated, determined by the Funds sub-adviser (Sub-Adviser) to be of comparable quality.

The Fund expects to maintain a weighted average portfolio duration of between 0 and 10 years. Duration is the most commonly used measure of risk in a fixed-income investment as it incorporates multiple features of the fixed-income instrument (i.e., yield, coupon, maturity, etc.) into one number. Duration is a measure of sensitivity of the price of a fixed-income instrument to a change in interest rates. Duration is a weighted average of the times that interest payments and the final return of principal are received. The weights are the amounts of the payments discounted by the yield-to-maturity of the fixed-income instrument. Duration is expressed as a number of years. The bigger the duration number, the greater the interest rate risk or reward for the fixed-income instrument prices. For example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by 1%.

Conversely, the price of a bond fund with an average duration of five years would be expected to rise approximately 5% if interest rates drop by 1%. The Fund may utilize various derivative instruments and related strategies for various purposes, including, to increase or decrease exposure to a particular market, segment of the market, or security; to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. The Fund may utilize derivatives of all types and may invest in, without limitation, call and put options (including options on futures contracts); futures and forward contracts, and swap agreements (including total return, interest rate, credit default, and currency swaps); credit linked notes, structured notes and other related instruments with respect to individual bonds and other securities; indices and baskets of securities; interest rates; and currencies as part of its principal investment strategies.

Currency hedging to the U.S. dollar is permitted, but not required. The Fund may also invest a large percentage of its assets in a small number of countries or in a particular region. The Fund will not invest more than 25% of its net assets in any one emerging market country as measured at the time of purchase. The Fund may invest in securities of other investment companies, including exchange-traded funds, to the extent permitted under the 1940 Act. In making investments in emerging market debt, the Sub-Adviser focuses on countries that historically have displayed high levels of economic growth and low inflation rates, and in the Sub-Adviser's opinion, follow economic policies favorable to achieve high growth and low inflation rates, reduce indebtedness levels, and lower external vulnerabilities.

In managing the Fund, the Sub-Adviser employs a largely bottom-up, active, and value-driven investment approach in analyzing emerging markets companies. The Sub-Adviser allocates the Fund's assets across countries and selects investments primarily based on corporate fundamentals, financial analysis, and relative value. The Sub-Adviser seeks opportunities in selected emerging markets that it believes may benefit from significant positive changes, such as political and economic reforms, increases in capital inflows, economic growth, and investor confidence. The Sub-Adviser's process incorporates global and emerging markets fundamentals and considers factors such as liquidity and risk management at the macro level. This approach utilizes the Sub-Adviser's broad and current knowledge of important investment areas in various emerging market countries.

The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising, among others. The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 1 / 3 % of its total assets.

C000114260 Holdings

Top 10 holdings of Voya VACS Series EMCD Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000114260 holdings

C000114260 Portfolio Allocation

Asset-class allocation of Voya VACS Series EMCD Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000114260 Performance

Total returns for C000114260 (as of 2026-10-01), from SEC filings.

C000114260 Risk Information

Risk metrics for C000114260, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.5%

C000114260 Costs and Fees

C000114260 costs about $7 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.07%
• Gross expense ratio: 1.02%
• Portfolio turnover: 35%
• Brokerage commissions: 0.81 bps of average net assets (SEC N-CEN)

C000114260 Cashflows

Over the 12 months to 2024-06, Voya VACS Series EMCD Fund had net inflows of $49.66M, from monthly SEC N-PORT filings.

C000114260 Debt Constituents

Largest debt holdings of Voya VACS Series EMCD Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000114260 Prospectus and SEC Filings

Official Voya VACS Series EMCD Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-07-28
• Prospectus (485BPOS) — filed 2021-07-29
• Prospectus (485BPOS) — filed 2020-08-17
• Portfolio holdings (N-PORT) — filed 2024-08-27
• Portfolio holdings (N-PORT) — filed 2024-05-24
• Portfolio holdings (N-PORT) — filed 2024-02-23
• Annual census (N-CEN) — filed 2024-06-12
• Annual census (N-CEN) — filed 2023-06-14

Related Funds

Other Intermediate Corporate Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Corporate Bond Index Fund (VICSX)
• Lord Abbett Short Duration Income Fund (LLDYX)
• Vanguard Intermediate-Term Investment-Grade Fund (VFICX)
• iShares Broad USD High Yield Corporate Bond ETF (USHY)
• Lord Abbett Bond Debenture Fund INC (LBNDX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.