LEXNX

About LEXNX

Voya GNMA Income Fund Class A is a mutual fund specializing in U.S. government-backed mortgage securities. Its primary purpose is to deliver a high level of current income while maintaining strong liquidity and focusing on the safety of principal. The fund predominantly invests in mortgage-backed securities issued by the Government National Mortgage Association (GNMA), also known as Ginnie Mae Certificates, which are explicitly guaranteed by the U.S. government for the timely payment of principal and interest. Typically, at least 80% of its assets are allocated to these GNMA securities, providing a credit quality comparable to U.S. Treasury securities but often with higher yields to offset the prepayment risks inherent in mortgage-backed securities. Founded in 1973, it is considered one of the oldest funds in this sector. The fund also invests in related government securities and manages prepayment and interest rate risks through active selection of underlying assets. It plays a significant role in offering investors access to high-quality, income-generating securities within the intermediate government bond segment of the U.S. fixed-income market.