Voya Global Diversified Payment Fund
Data updated: 2024-09-23
C000215423 — Voya Global Diversified Payment Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000215423 Fund Overview
Voya Global Diversified Payment Fund is a US mutual fund managed by Voya MUTUAL FUNDS, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Voya MUTUAL FUNDS
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $265.91M
- 1-year return: 11.4%
- SEC CIK: 0000895430
- SEC series ID: S000066944
- Share class ID: C000215423
C000215423 Investment Objective and Strategy
Voya Global Diversified Payment Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Voya MUTUAL FUNDS.
Investment objective
The Fund's primary investment objective is to meet the managed payment policy of the Fund while seeking to preserve the investors' capital over the long term.
Principal investment strategy
The Fund seeks to achieve its investment objectives by combining a managed payment policy (the Managed Payment Policy) with a strategic allocation to a diversified portfolio of other funds (collectively, the Underlying Funds) invested in: global equity; debt, which may include floating rate loans and emerging markets debt; and real estate securities and real estate investment trusts (REITS). The Underlying Funds may or may not be affiliated with the Investment Adviser. The Underlying Funds will invest in the securities of issuers in a number of different countries, one of which may be the U.S. The Fund normally invests at least 65% of its assets in Underlying Funds affiliated with the Investment Adviser; the sub-adviser (the Sub-Adviser) may, in its discretion, invest up to 35% of the Funds assets in Underlying Funds that are not affiliated with the Investment Adviser, including exchange-traded funds (ETFs), to make tactical allocations and/or to gain exposure to equity securities, debt instruments or alternative strategies.
The Managed Payment Policy is designed to provide to holders of a share class of the Fund 12 level monthly payments throughout each calendar year. The Sub-Adviser in its discretion and with assistance from the Investment Adviser, will determine a new annual payment rate (the Annual Payment Rate) each January for the coming calendar year based on the Funds objectives, as well as the Sub-Advisers assessment of the market environment and its asset allocation views. Based on the Annual Payment Rate for a year, the Fund will determine a monthly payment amount for each share class of the Fund; the payments will differ among the classes based on the expense structures of the classes and the number of shares of the share class. The annual rate at which the Fund will make payments with respect to any share class is expected to range between 3.25% and 6.75%.
During the calendar year 2024, the Fund will make a level monthly payment of $0.038 per share for Class A shares, $0.034 per share for Class C shares, $0.040 per share for Class I shares, $0.036 per share for Class R shares, $0.040 per share for Class R6 shares, and $0.040 per share for Class W shares based on Annual Payment Rates of 6.50% for Class A shares, 5.60% for Class C shares, 6.81% for Class I shares, 6.15% for Class R shares, 6.81% for Class R6 shares, and 6.75% for Class W shares. Because the Fund is expected to make level monthly payments, the amount of the Funds distributions to a share class in respect of any period may exceed the amount of the Funds income and gains for that period. In that case, some or all of the Funds distributions will constitute a return of capital to shareholders.
Historically, a substantial portion of the Funds distributions has included a return of capital. The Fund uses a proprietary asset allocation strategy to determine the percentage of the Funds net assets to invest in each of the Underlying Funds (the Target Allocations). Under normal conditions, approximately 68% of the Funds net assets will be allocated to Underlying Funds investing in equity securities and approximately 32% of the Funds net assets will be allocated to Underlying Funds investing in debt instruments, including floating rate loans and emerging markets debt. As these are Target Allocations, the actual allocations of the Funds assets will deviate from the percentages shown. The Target Allocations are measured with reference to the principal strategies of the Underlying Funds; actual exposures to equity securities and debt instruments will vary from the Target Allocations if an Underlying Fund is not substantially invested in accordance with its principal strategy.
The Sub-Adviser seeks to diversify the Funds equity holdings by including Underlying Funds that invest in companies of all market capitalizations, that invest using a growth style, a value style, or a blend and that invest in companies in developed countries and countries with emerging securities markets, and Underlying Funds that invest in real estate securities. When investing in Underlying Funds, the Sub-Adviser takes into account a wide variety of factors and considerations, including among other things the investment strategy employed in the management of a potential Underlying Fund, and the extent to which an Underlying Funds investment adviser considers environmental, social, and governance (ESG) factors as part of its investment process. The manner in which an investment adviser uses ESG factors in its investment process will be only one of many considerations in the Sub-Advisers evaluation of any potential Underlying Fund, and the extent to which the consideration of ESG factors by an investment adviser will affect the Sub-Advisers decision to invest in an Underlying Fund, if at all, will depend on the analysis and judgment of the Sub-Adviser.
The debt portion of the Fund will invest in Underlying Funds that invest in both investment grade securities and non-investment grade debt instruments (commonly known as junk bonds). The investment grade debt instruments will have a dollar-weighted average duration between two and ten years. Duration is the most commonly used measure of risk in debt investments as it incorporates multiple features of the debt instrument ( e.g ., yield, coupon, maturity, etc.) into one number. Duration is a measure of sensitivity of the price of a debt 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 debt instrument.
Duration is expressed as a number of years. The bigger the duration number, the greater the interest-rate risk or reward for the debt instrument prices. For example, the price of a bond with an average duration of 5 years would be expected to fall approximately 5% if interest rates rose by 1%. Conversely, the price of a bond with an average duration of 5 years would be expected to rise approximately 5% if interest rates drop by 1%. The Fund may also allocate assets to non-traditional asset classes (also known as alternative strategies), which include commodities. The Fund will be rebalanced periodically to return to the Target Allocations. The Funds Target Allocations may be changed, at any time, in accordance with the Funds asset allocation process. The Fund will periodically deviate from the Target Allocations based on an assessment of the current market conditions or other factors.
Generally, the deviations would be expected to fall in the range of +/- 10% of the Fund's net asset value, relative to the current Target Allocations. The Sub-Adviser may determine, in light of market conditions or other factors, to deviate by a wider margin in order to protect the Fund, achieve its investment objective, or to take advantage of particular opportunities. The Sub-Adviser may seek to enhance returns and/or moderate volatility by exercising strategies that use derivative instruments, which may include forward foreign currency exchange contracts, futures (including broad based indices, equities, commodities, currencies, and bonds), swaps (including interest rate swaps, total return swaps, and credit default swaps), and options on any of the previously mentioned asset class or instruments, including ETFs and single stocks.
The Sub-Adviser may also take a defensive cash position. The Sub-Adviser may also use derivatives as a substitute for taking a position in the underlying asset, to earn income, and to assist in managing cash.
C000215423 Holdings
Top 10 holdings of Voya Global Diversified Payment Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Voya Multi-Manager International Equity Fund | 21.17% |
| Voya Intermediate Bond Fund | 12.03% |
| Nuveen S&P 500 Index Fund | 9.92% |
| Voya Large Cap Value Fund | 9.50% |
| Voya Global Bond Fund | 7.04% |
| Voya Large-Cap Growth Fund | 6.27% |
| Voya High Yield Bond Fund | 6.03% |
| Voya Short Duration High Income Fund | 4.97% |
| Vanguard Real Estate ETF | 3.13% |
| Voya Small Company Fund | 3.04% |
C000215423 Portfolio Allocation
Asset-class allocation of Voya Global Diversified Payment Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.3% |
| Derivatives | 0.9% |
| Cash & Equivalents | 0.5% |
C000215423 Performance
Total returns for C000215423 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.4% |
| 3 years (annualised) | 1.4% |
C000215423 Risk Information
Risk metrics for C000215423, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.9%
C000215423 Costs and Fees
C000215423 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.86%
- Portfolio turnover: 34%
- Brokerage commissions: 0.84 bps of average net assets (SEC N-CEN)
C000215423 Cashflows
Over the 12 months to 2024-07, Voya Global Diversified Payment Fund had net inflows of $52.98M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | −$2.40M |
| 2024-06 | −$157.55K |
| 2024-05 | −$2.27M |
| 2024-04 | −$3.64M |
| 2024-03 | −$3.90M |
| 2024-02 | −$1.94M |
C000215423 Debt Constituents
No individual debt constituents are reported in Voya Global Diversified Payment Fund's latest SEC N-PORT filing.
C000215423 Prospectus and SEC Filings
Official Voya Global Diversified Payment Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-27
- Prospectus (485BPOS) — filed 2023-02-24
- Prospectus (485BPOS) — filed 2022-02-23
- Portfolio holdings (N-PORT) — filed 2024-09-23
- Portfolio holdings (N-PORT) — filed 2024-06-25
- Portfolio holdings (N-PORT) — filed 2024-03-25
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-17
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity 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.