Voya High Yield Bond Fund
Data updated: 2026-09-17
C000198302 — Voya High Yield Bond Fund. Intermediate Corporate Bond · $218.47M AUM · 0.00% expense ratio. Holdings, fees, performance and SEC filings.
C000198302 Fund Overview
Voya High Yield Bond Fund is a US mutual fund managed by Voya FUNDS 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 FUNDS TRUST
- Category: Intermediate Corporate Bond
- Assets under management: $218.47M
- 1-year return: -5.7%
- SEC CIK: 0001066602
- SEC series ID: S000008395
- Share class ID: C000198302
C000198302 Investment Objective and Strategy
Voya High Yield Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Voya FUNDS TRUST.
Investment objective
The Fund seeks to provide investors with a high level of current income and total return.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of high-yield (high risk) bonds commonly known as junk bonds. The Fund will provide shareholders with at least 60 days prior notice of any change in this investment policy. High-yield bonds are debt securities that, at the time of purchase, are not rated by a nationally recognized statistical rating organization (NRSRO) or are rated below investment-grade (for example, rated below BBB- by S&P Global Ratings or Baa3 by Moodys Investors Service, Inc.) or have an equivalent rating by a NRSRO. The Fund defines high-yield bonds to include: bank loans; payment-in-kind securities; fixed and variable floating rate and deferred interest debt obligations; zero-coupon bonds and debt obligations provided they are unrated or rated below investment-grade.
In evaluating the quality of a particular high-yield bond for investment by the Fund, the sub-adviser (Sub-Adviser) does not rely exclusively on ratings assigned by a NRSRO. The Sub-Adviser will utilize a securitys credit rating as simply one indication of an issuers creditworthiness and will principally rely upon its own analysis of any security. However, the Sub-Adviser does not have restrictions on the rating level of the securities held in the Fund and may purchase and hold securities in default. There are no restrictions on the average maturity of the Fund or the maturity of any single investment. Maturities may vary widely depending on the Sub-Advisers assessment of interest rate trends and other economic or market factors. Any remaining assets may be invested in investment-grade debt securities; common and preferred stocks; U.S.
government securities; money market instruments; and debt securities of foreign issuers including securities of companies in emerging markets. The Fund may invest in derivatives, including, structured debt obligations, dollar roll transactions, swap agreements, including credit default swaps and interest rate swaps, and options on swap agreements. The Fund typically uses derivatives to reduce exposure to other risks, such as interest rate or currency risk, to substitute for taking a position in the underlying asset, and/or to enhance returns in the Fund. The Fund may invest in companies of any market capitalization size. The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (1940 Act).
In choosing investments for the Fund, the Sub-Adviser combines extensive company and industry research with relative value analysis to identify high-yield bonds expected to provide above-average returns. Relative value analysis is intended to enhance returns by moving from overvalued to undervalued sectors of the bond market. The Sub-Advisers approach to decision making includes contributions from individual portfolio managers responsible for specific industry sectors. 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.
C000198302 Holdings
Top 10 holdings of Voya High Yield Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Liquidity Funds | 3.22% |
| Iron Mountain, Inc. (reit) | 1.93% |
| Onemain Finance Corp. | 1.53% |
| Nrg Energy, Inc. | 1.50% |
| Bombardier, Inc. | 1.47% |
| Gen Digital, Inc. | 1.43% |
| Quikrete Holdings, Inc. | 1.41% |
| Ncl Corp. Ltd. | 1.40% |
| Oak-Eagle Acquireco, Inc. | 1.36% |
| Fortress Transportation And Infrastructure Investors LLC | 1.34% |
C000198302 Portfolio Allocation
Asset-class allocation of Voya High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.4% |
| Cash & Equivalents | 3.2% |
C000198302 Performance
Total returns for C000198302 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.7% |
| 3 years (annualised) | 0.8% |
C000198302 Risk Information
Risk metrics for C000198302, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.7%
C000198302 Costs and Fees
C000198302 costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 0.63%
- Portfolio turnover: 162%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000198302 Cashflows
Over the 12 months to 2026-06, Voya High Yield Bond Fund had net outflows of $125.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $898.89K |
| 2026-05 | −$1.70M |
| 2026-04 | $4.39M |
| 2026-03 | $656.25K |
| 2026-02 | $2.38M |
| 2026-01 | −$678.04K |
C000198302 Debt Constituents
Largest debt holdings of Voya High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Iron Mountain, Inc. (reit) | 1.93% |
| Onemain Finance Corp. | 1.53% |
| Nrg Energy, Inc. | 1.50% |
| Bombardier, Inc. | 1.47% |
| Gen Digital, Inc. | 1.43% |
| Quikrete Holdings, Inc. | 1.41% |
| Ncl Corp. Ltd. | 1.40% |
| Oak-Eagle Acquireco, Inc. | 1.36% |
| Fortress Transportation And Infrastructure Investors LLC | 1.34% |
| Crc Insurance Group LLC | 1.31% |
C000198302 Prospectus and SEC Filings
Official Voya High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-29
- Annual census (N-CEN) — filed 2026-06-09
- Annual census (N-CEN) — filed 2025-06-10
- Annual census (N-CEN) — filed 2024-06-12
- Portfolio holdings, amended (N-PORT/A) — filed 2026-09-17
- Portfolio holdings, amended (N-PORT/A) — filed 2026-09-17
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
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.