Voya Prime Rate Trust

Find Ratings Reports
PPR : NYSE : Financial
$5.39 -0.013 | -0.24%
Today's Range: 5.39 - 5.4
Avg. Daily Volume: 411200.0
12/08/16 - 9:41 AM ET
  • Last Ratings Update:10/31/2016
  • Price as of 10/31/2016 :$5.31
  • Net Assets:$792.18 Million
  • NAV:$5.77
  • Premium-7.97%
  •   
  • Peer Rank:24 of 29
  • Investment Rating:C
  • Performance:C
  • RiskB-
PPR Price Chart

SUMMARY


We rate Voya Prime Rate Trust at C. Positive factors that influence this rating include a low price volatility. The fund may be considered for investors seeking a Loan Participation strategy.


POSITIVES AND RISKS


Total return ranks below peers over the last three years. The Voya Prime Rate Trust has returned an annual rate of 5.62% since inception. More recently, the fund has generated a total return of 6.95% in the last five years, 1.21% in the last three years, and 10.87% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 50% of them. It has also outpaced 37% of its competitors on a three year basis and 77% of them over the last year for the period ending 10/31/2016. On a year to date basis, PPR has returned 9.11%.

Downside risk has been below average. PPR has a draw down risk of -25.12%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 9.3%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $5.31, which is 0.6% below its 52-week high of $5.34 and 2.3% above its 52-week low of $5.19.

High expense ratio hinders performance. On total assets of $792.18 million, PPR maintains a high expense ratio compared to its Loan Participation peers of 2.08% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PPR is a closed end fund, it has no front end or back end load.


Latest Stock Upgrades/Downgrades