Voya Floating Rate Fund

C000198304 Fund Overview

Voya Floating Rate Fund is a US mutual fund managed by Voya FUNDS TRUST, categorised as Alternative. 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: Alternative
• Assets under management: $150.79M
• SEC CIK: 0001066602
• SEC series ID: S000029692
• Share class ID: C000198304

C000198304 Investment Objective and Strategy

Voya Floating Rate 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.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate loans and other floating rate debt instruments, including: floating rate bonds; floating rate notes; money market instruments with a remaining maturity of 60 days or less; floating rate debentures; and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities (collectively Floating Rate Debt). The Fund will provide shareholders with at least 60 days prior notice of any change in this investment policy. The Fund normally invests substantially in floating rate loans. The floating rate loans in which the Fund invests are generally below investment-grade floating rate loans that either hold the most senior position in the capital structure of the borrower, hold an equal ranking with other senior debt, or have characteristics (such as a senior position secured by liens on a borrower's assets) that the sub-adviser (Sub-Adviser) believes justify treatment as senior debt.

Below investment-grade debt instruments are commonly known as junk bonds. In considering investments in floating rate loans, the Sub-Adviser seeks to invest in the largest and most liquid loans available. The Fund may invest in floating rate loans of companies whose financial condition is troubled or uncertain and that may be involved in bankruptcy proceedings, reorganizations, or financial restructurings. Although the Fund has no restrictions on investment maturity, normally the floating rate loans will have remaining maturities of ten years or less. The Fund may invest in the following derivative instruments: interest rate swaps and futures or forward contracts in order to seek to enhance returns or to attempt to hedge some of its investment risk. The Fund may invest up to 20% of its assets, measured at the time of purchase, in a combination of one or more of the following types of U.S.

dollar denominated investments: senior or subordinated fixed rate debt instruments, including notes and bonds, whether secured and unsecured; equity securities: (i) as an incident to the purchase or ownership of Floating Rate Debt or fixed rate debt instruments; (ii) in connection with a restructuring of a borrower or issuer or its debt; or (iii) if the Fund already owns Floating Rate Debt or a fixed rate debt instrument of the issuer of such equity; short-term debt obligations, repurchase agreements, cash and cash equivalents that do not otherwise qualify as Floating Rate Debt; and 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).

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.

C000198304 Holdings

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

View all C000198304 holdings

C000198304 Portfolio Allocation

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

C000198304 Costs and Fees

C000198304 costs about $7 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.07%
• Gross expense ratio: 0.82%
• Portfolio turnover: 78%
• Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)

C000198304 Cashflows

Over the 12 months to 2025-06, Voya Floating Rate Fund had net outflows of $70.92M, from monthly SEC N-PORT filings.

C000198304 Debt Constituents

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

C000198304 Prospectus and SEC Filings

Official Voya Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-07-29
• Prospectus (485BPOS) — filed 2024-07-29
• Prospectus (485BPOS) — filed 2023-07-27
• Portfolio holdings (N-PORT) — filed 2025-08-25
• Portfolio holdings (N-PORT) — filed 2025-05-22
• Portfolio holdings (N-PORT) — filed 2025-02-26
• Annual census (N-CEN) — filed 2025-06-10
• Annual census (N-CEN) — filed 2024-06-12

Related Funds

Other Alternative funds tracked on ABC INVEST:

• iShares 0-3 Month Treasury Bond ETF (SGOV)
• Vanguard Short-Term Inflation-Protected Securities Index Fund (VTAPX)
• SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL)
• Vanguard Inflation-Protected Securities Fund (VIPSX)
• iShares 0-1 Year Treasury Bond ETF (SHV)

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.