Voya GNMA Income Fund Class C is a mutual fund that primarily invests in mortgage-backed securities issued by the Government National Mortgage Association (GNMA), commonly known as Ginnie Mae. The fund’s key objective is to provide a high level of current income while emphasizing liquidity and safety of principal. GNMA securities are notable for carrying the full faith and credit guarantee of the U.S. government regarding timely payment of principal and interest. This fund is designed for investors seeking reliable income, distributing dividends on a monthly basis. With a portfolio that typically features GNMA certificates having maturities longer than one year, the fund offers a yield advantage compared to Treasury securities due to the risk of loan prepayments. Voya GNMA Income Fund Class C is positioned within the intermediate government bond category, which generally reduces credit risk and offers moderate interest rate sensitivity. As one of the oldest funds focused on GNMA investments, it plays a significant role in providing access to government-backed mortgage securities, making it a prominent choice for those seeking exposure to the mortgage-backed securities sector and the stability traditionally associated with U.S. government support.
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