Voya High Yield Fund Quote
| IMYCX Fund | USD 6.74 0.01 0.15% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Voya High is trading at 6.74 as of the 19th of April 2024; that is 0.15 percent up since the beginning of the trading day. The fund's open price was 6.73. Voya High has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Voya High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in a diversified portfolio of high-yield 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 or are rated below investment-grade or have an equivalent rating by a NRSRO.. More on Voya High Yield
Moving together with Voya Mutual Fund
| 0.73 | ILBPX | Voya Limited Maturity | PairCorr |
| 0.69 | ILMBX | Voya Limited Maturity | PairCorr |
| 0.8 | IMBAX | Voya Limited Maturity | PairCorr |
| 0.85 | IMCDX | Voya Emerging Markets | PairCorr |
Voya Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Voya High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Voya High or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Junk Bonds Funds (View all Themes) |
| Fund Concentration | Voya Funds, Large Funds, High Yield Bond Funds, Junk Bonds Funds, High Yield Bond, Voya, Large, High Yield Bond (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 31st of July 2022 |
| Fiscal Year End | March |
Voya High Yield [IMYCX] is traded in USA and was established 19th of April 2024. Voya High is listed under Voya category by Fama And French industry classification. The fund is listed under High Yield Bond category and is part of Voya family. The entity is thematically classified as Junk Bonds Funds. This fund currently has accumulated 531.36 M in assets under management (AUM) with no minimum investment requirementsVoya High Yield is currently producing year-to-date (YTD) return of 0.55% with the current yeild of 0.0%, while the total return for the last 3 years was -0.61%.
Check Voya High Probability Of Bankruptcy
Instrument Allocation
Voya High Target Price Odds Analysis
Based on a normal probability distribution, the odds of Voya High jumping above the current price in 90 days from now is under 95%. The Voya High Yield probability density function shows the probability of Voya High mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Voya High has a beta of 0.075. This usually indicates as returns on the market go up, Voya High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Voya High Yield will be expected to be much smaller as well. Additionally, voya High Yield has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Voya High to move above the current price in 90 days from now is under 95 (This Voya High Yield probability density function shows the probability of Voya Mutual Fund to fall within a particular range of prices over 90 days) .
Voya High Yield Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Voya High market risk premium is the additional return an investor will receive from holding Voya High long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Voya High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Voya High's alpha and beta are two of the key measurements used to evaluate Voya High's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1552 | |||
| Standard Deviation | 0.2218 | |||
| Variance | 0.0492 | |||
| Risk Adjusted Performance | (0.04) |
Voya High Against Markets
Picking the right benchmark for Voya High mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Voya High mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Voya High is critical whether you are bullish or bearish towards Voya High Yield at a given time. Please also check how Voya High's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Voya High without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Companies Directory Now
Companies DirectoryEvaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
| All Next | Launch Module |
How to buy Voya Mutual Fund?
Before investing in Voya High, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Voya High. To buy Voya High fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Voya High. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Voya High fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Voya High Yield fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Voya High Yield fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Voya High Yield, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Voya High Yield?
The danger of trading Voya High Yield is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Voya High is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Voya High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Voya High Yield is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Voya High Yield. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Voya High Yield information on this page should be used as a complementary analysis to other Voya High's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.