Voya Intermediate Bond Fund (IIBZX)
Voya Intermediate Bond Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Scottsdale, AZ, US. The stock last traded at $8.61, up 0.00% on the session, giving a market capitalisation of $11.30B. Its beta of 1.00 implies it has historically moved less than the broad market.
Typically, the Voya Intermediate Bond Fund dedicates a substantial portion – specifically, a minimum of 80% of its total investable assets (which includes any capital acquired through borrowing for investment purposes) – to a diverse array of debt instruments. These holdings encompass various types of bonds, such as those issued by corporations, governmental bodies, and mortgage-backed securities, among others. A crucial condition for these investments is that, upon their acquisition, they must carry an investment-grade credit rating. This generally translates to a rating of at least BBB- from S&P Global Ratings or Baa3 from Moody's Investors Service, Inc., or an equivalent assessment from any other nationally recognized statistical rating organization (NRSRO). Furthermore, if a bond does not possess an official rating, it must still be considered to be of a similar high quality. This investment strategy is adhered to under ordinary market circumstances.
Voya Intermediate Bond Fund is most often compared with the following Financial Services names: