Voya Intermediate Bond Fund Class I
IICIX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 7337 E. Doubletree Ranch Road, Ste 100 Scottsdale AZ United States of America 85258
- IPO Date
- Jan 3, 2002
- CIK
- 0001066602
- Website
- voyainvestments.com
- Similar Companies
- Business
- Voya Intermediate Bond Fund Class I (IICIX) is an open-end fixed income mutual fund managed by Voya Investment Management Co. LLC and Voya Investments, LLC that seeks to maximize total return through income and capital appreciation by investing at least 80% of its net assets in a diversified portfolio of investment-grade bonds, including corporate bonds, government bonds, mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities; up to 20% in high-yield (below investment-grade) securities; and opportunistic allocations to emerging market debt, non-agency residential mortgage-backed securities, floating rate loans, and derivatives such as futures, options, swaps, and credit default swaps. The fund maintains a portfolio duration typically between 3 and 10 years and a weighted average life of approximately 6 years, with current holdings exceeding 2,600 securities across sectors like agency mortgages (26%), investment-grade corporates (22%), U.S. Treasuries and cash (19%), asset-backed securities (12%), and CMBS (11%), benchmarked against the Bloomberg U.S. Aggregate Bond Index. Launched on January 8, 2002 as part of Voya Funds Trust (formerly ING Funds Trust - ING Intermediate Bond Fund, established December 15, 1998), the fund operates from Voya Financial's headquarters at 230 Park Avenue, New York, New York, targeting institutional investors with a minimum initial investment of $250,000 and serving the intermediate core-plus bond category primarily in the United States. The fund employs a total return approach with a disciplined, value-oriented investment style, leveraging proprietary qualitative analysis, quantitative models, and a top-down/bottom-up process focused on sector allocation, security selection, duration management, and yield curve positioning to achieve consistent risk-adjusted performance rather than periodic outperformance. It features a stable portfolio management team including Eric Stein (Chief Investment Officer, since 2024), Sean Banai (Head of Multi-Sector Fixed Income, since 2021), Dave Goodson (Head of Securitized, since 2017), and Randy Parrish (Head of Public Credit, since 2017), supported by Voya Investment Management's 300+ professionals overseeing $366 billion in assets as of September 30, 2025. Recent developments include strong performance attribution for the year ended December 31, 2024, where the fund outperformed the Bloomberg U.S. Aggregate Bond Index through security selection in agency mortgage-backed securities, emerging market hard currency sovereigns, investment-grade corporates, and commercial mortgage-backed securities, alongside favorable sector allocations; portfolio growth to approximately $9.9 billion in total net assets as of September 30, 2025, with 2,612 holdings; and the addition of Eric Stein as a portfolio manager in 2024 amid ongoing team stability. The fund continues to operate under a contractual expense limitation through at least August 1, 2026, maintaining a net expense ratio of 0.31% for Class I shares, and has sustained Morningstar Medalist Ratings with Above Average People and Process assessments despite an upcoming manager transition noted earlier. Voya Investment Management, part of Voya Financial (founded 1975, independent since 2015), emphasizes fixed income strategies within its broader offerings in retirement, investment management, and employee benefits for institutional and individual clients worldwide.