Voya Intermediate Bond Fund
IIBAX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Scottsdale AZ 85258 Scottsdale AZ United States of America 85258
- IPO Date
- Dec 15, 1998
- CIK
- 0001066602
- Website
- advisors.voya.com
- Similar Companies
- Business
- Voya Intermediate Bond Fund (IIBAX) is an open-end mutual fund managed by Voya Investment Management Co. LLC that seeks to maximize total return through a combination of income and capital appreciation by investing primarily in a diversified portfolio of fixed-income securities across the full spectrum of the bond market. The fund employs a total return approach with a disciplined, value-oriented investment style, allocating primarily to investment-grade debt such as U.S. agency mortgage-backed securities (approximately 32.7%), corporate bonds (25.5%), government-related obligations (14.8%), government bonds (13.1%), and asset-backed securities (12.8%), while permitting up to 20% exposure to below-investment-grade securities; it also utilizes derivative instruments including Treasury futures, swaps, forwards, and options, resulting in a portfolio of approximately 2,573 holdings with a duration of 5.8 years and weighted average life of 6.25 years as of November 30, 2025. The fund targets intermediate core-plus bond strategies with mid credit quality and moderate interest-rate sensitivity, serving institutional and retail investors primarily in the United States through various share classes including Class A (IIBAX, with a net expense ratio of 0.72% and front-end load of 2.50%), Class I (IICIX), and Class R6 (IIBZX), with total net assets of approximately $9.66 billion. Launched on December 15, 1998, and domiciled in the United States, the fund is sub-advised by Voya Investments, LLC and overseen by a stable portfolio management team led by Eric Stein (Chief Investment Officer, joined May 2024), Sean Banai (Head of Multi-Sector Fixed Income, joined July 2021), Dave Goodson (Head of Securitized), and Randall Parrish (Head of Public Credit, since April 2017), leveraging proprietary qualitative and quantitative analysis for portfolio construction. In recent developments, Voya Investment Management, the fund's adviser, expanded its distribution capabilities in 2025 by adding key executives such as Greg Khost as head of Intermediary Sales in June and Andrew Terry as head of Insurance Solutions in July to enhance business development in private wealth and insurance markets; the firm also launched its first actively managed ETFs in November 2025, including the Voya Core Bond ETF (VCOB) managed by the same Multi-Sector Fixed Income team that oversees the Intermediate Bond Fund, signaling a strategic push into ETF products amid strong demand. These initiatives build on prior scale-enhancing moves, such as the 2022 strategic partnership with Allianz Global Investors that transitioned U.S. investment teams and $120 billion in assets to Voya IM, bolstering its fixed-income expertise.