Voya High Yield Bond Fund (IHYAX)
The investment seeks to provide investors with a high level of current income and total return. 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." High-yield bonds are debt instruments 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 Moody's Investors Service, Inc.) or have an equivalent rating by a NRSRO.
Fund Info
US92913L6276
92913L627
Dec 15, 1998
$1,000
Expense Ratio
IHYAX has a high expense ratio of 1.04%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Voya High Yield Bond Fund (IHYAX) returned 1.85% year-to-date (YTD) and 7.88% over the past 12 months. Over the past 10 years, IHYAX returned 3.80% annually, underperforming the S&P 500 benchmark at 10.78%.
IHYAX
1.85%
2.51%
2.22%
7.88%
4.90%
3.80%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of IHYAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.24% | 0.49% | -0.90% | -0.15% | 1.16% | 1.85% | |||||||
| 2024 | -0.01% | 0.09% | 1.15% | -0.82% | 0.98% | 0.96% | 1.58% | 0.87% | 1.95% | -0.59% | 1.11% | -0.45% | 6.97% |
| 2023 | 4.14% | -1.61% | 1.40% | 0.92% | -1.12% | 1.25% | 1.41% | 0.21% | -1.93% | -0.85% | 4.11% | 3.55% | 11.83% |
| 2022 | -2.50% | -1.20% | -0.94% | -4.22% | -0.18% | -7.11% | 5.69% | -1.97% | -4.36% | 2.75% | 1.94% | -2.19% | -13.97% |
| 2021 | -0.07% | 0.26% | 0.18% | 1.04% | 0.30% | 1.41% | 0.19% | 0.40% | 0.14% | -0.23% | -1.00% | 1.88% | 4.55% |
| 2020 | -0.28% | -1.33% | -10.11% | 3.58% | 3.77% | 0.31% | 4.88% | 0.96% | -1.12% | 0.43% | 3.52% | 1.69% | 5.56% |
| 2019 | 4.63% | 1.57% | 1.09% | 1.45% | -1.06% | 2.36% | 0.58% | 0.58% | 0.19% | 0.45% | 0.06% | 1.84% | 14.52% |
| 2018 | 0.57% | -1.07% | -0.67% | 0.43% | -0.19% | 0.44% | 0.97% | 0.84% | 0.57% | -1.82% | -0.98% | -2.43% | -3.36% |
| 2017 | 1.05% | 1.37% | -0.43% | 1.17% | 0.69% | 0.19% | 1.05% | -0.28% | 0.68% | 0.20% | -0.30% | 0.32% | 5.84% |
| 2016 | -0.73% | 0.84% | 2.69% | 2.44% | 0.36% | 0.70% | 2.25% | 1.99% | 0.44% | 0.08% | -0.45% | 1.81% | 13.07% |
| 2015 | 0.82% | 2.13% | -0.41% | 1.29% | 0.32% | -1.29% | 0.06% | -1.09% | -2.32% | 2.79% | -1.99% | -1.87% | -1.69% |
| 2014 | 0.70% | 1.86% | 0.32% | 0.41% | 0.69% | 0.68% | -1.32% | 1.52% | -2.05% | 1.03% | -0.66% | -1.63% | 1.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, IHYAX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Voya High Yield Bond Fund (IHYAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Voya High Yield Bond Fund provided a 6.35% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.45 | $0.44 | $0.39 | $0.40 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.44 |
Dividend yield | 6.35% | 6.42% | 6.47% | 6.74% | 4.82% | 5.00% | 5.17% | 5.65% | 5.20% | 5.17% | 5.54% | 5.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Voya High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.44 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.42 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.42 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2016 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.42 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.42 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Voya High Yield Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Voya High Yield Bond Fund was 38.21%, occurring on Dec 16, 2008. Recovery took 244 trading sessions.
The current Voya High Yield Bond Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.21% | Jun 5, 2007 | 387 | Dec 16, 2008 | 244 | Dec 4, 2009 | 631 |
| -20.25% | Feb 21, 2020 | 22 | Mar 23, 2020 | 112 | Aug 31, 2020 | 134 |
| -16.44% | Jan 3, 2022 | 188 | Sep 29, 2022 | 461 | Jul 31, 2024 | 649 |
| -10.19% | Feb 9, 2001 | 151 | Sep 21, 2001 | 380 | Mar 28, 2003 | 531 |
| -9.4% | Aug 2, 2011 | 45 | Oct 4, 2011 | 64 | Jan 5, 2012 | 109 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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