Fund Evaluator:
Voya Securitized Credit I (VCFIX)
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Fund Details
Voya Securitized Credit I Overview
Voya Securitized Credit I (VCFIX) is an actively managed Taxable Bond Securitized Bond - Diversified fund. Voya launched the fund in 2015.
The investment seeks to maximize total return through a combination of current income and capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securitized credit securities. Securitized credit securities include commercial mortgage-backed securities ("CMBS"), asset-backed securities ("ABS"), agency and non-agency residential mortgage-backed securities ("RMBS"), and collateralized mortgage obligations ("CMOs").
About Voya Securitized Credit I (VCFIX)
There are 2 members of the management team with an average tenure of 10.04 years: Dave Goodson (2014), Jonathan Abshire (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Scrtzd MBS ABS CMBS TR USD index with a weighting of 100%. Voya Securitized Credit I has 630 securities in its portfolio. The top 10 holdings constitute 46.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Voya Securitized Credit I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Voya Securitized Credit I has 7.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 129.6% (122.4% domestic bond, 7.3% foreign bond and 0.0% convertible bond). Voya Securitized Credit I has -29.6% of the portfolio in cash.
Assets Under Management
The fund has $937 million in total assets, which is above the $547 million average for the Securitized Bond - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VCFIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Voya Securitized Credit I expense ratio is above average compared to funds in the Securitized Bond - Diversified category. Voya Securitized Credit I has an expense ratio of 0.68%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Voya Securitized Credit I has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 361% for the Securitized Bond - Diversified category.
Recently, in the month of July 2026, Voya Securitized Credit I returned -0.3%, which earned it a grade of B, as the Securitized Bond - Diversified category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Voya Securitized Credit I has a trailing yield of 5.19%, which is above the 5.10% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Voya Securitized Credit I Grades
Year to date, the fund has returned 1.2%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 4.6% over the past year (grade of C), 7.0% over the past three years (grade of B) and 3.8% per year over the past five years (grade of B) and 3.9% per year over the past 10 years (grade of B).
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VCFIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VCFIX Return (NAV) | -0.3% | 0.4% | 4.6% | 7.0% | 3.8% | 3.9% |
| VCFIX Grade | B | B | C | B | B | B |
| +/- Category | 0.4% | 0.4% | 0.0% | 0.8% | 1.7% | 1.3% |
| Securitized Bond - Diversified Avg | -0.7% | -0.0% | 4.6% | 6.2% | 2.1% | 2.6% |
| VCFIX Tax Cost Ratio | na | na | 2.1% | 2.0% | 1.8% | 1.8% |
VCFIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VCFIX Return (NAV) | 1.2% | 7.8% | 8.1% | 9.7% | -7.2% | 3.9% | -2.2% | 7.3% | 2.4% | 8.4% | 5.1% |
| VCFIX Grade | B | C | B | A | B | B | D | B | B | A | A |
| +/- Category | 0.1% | -0.3% | 2.4% | 3.1% | 2.1% | 2.1% | -3.6% | 0.1% | 0.5% | 4.2% | 2.0% |
| Securitized Bond - Diversified Avg | 1.1% | 8.1% | 5.7% | 6.6% | -9.3% | 1.8% | 1.3% | 7.2% | 1.9% | 4.2% | 3.1% |
| Risk Measures | |
| Standard Deviation: | 2.6% |
| Total Risk Index: | 0.21 - Low |
| Category Risk Index: | 0.57 - Below Average |
| Category Risk Grade: | B (28% Rank) |
| Beta: | 0.40 |
| R-Squared: | 80% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $961 Mil |
| Fund Total Assets: | $ 937 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.0 years | |||
| Average Tenure: 10.0 years | |||
| Managers (Year): Goodson Dave (2014), Abshire Jonathan (2018) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 630 |
| % in Top 10 Holdings: | 46.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 122.4% |
| Foreign Bond: | 7.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -29.6% |
Purchase Information
| Fund Family: | Voya |
| Phone Number: | 800-992-0180 |
| Website: | www.voyainvestments.com |
| Status: | Open |
| Inception Date: | August 3, 2015 |
| Min. Initial Purchase: | $250,000 |
| Min. Initial IRA Purchase: | $250,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.68% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Voya Securitized Credit I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
