Voya Short Duration Bond Fund Class R is an actively managed mutual fund designed to deliver maximum total return with a focus on income and capital preservation over shorter horizons. The strategy maintains a **short duration** profile of roughly 1–3 years to help reduce interest-rate sensitivity, primarily investing in **investment-grade** bonds while allowing a limited allocation—up to about one-fifth—to below-investment-grade securities. The portfolio is broadly diversified across sectors including Treasuries, agency mortgage-backed securities, corporate credit, and securitized assets, supported by a disciplined, value-oriented process that blends proprietary qualitative assessments with quantitative tools. Key characteristics such as **effective duration near two years** and **monthly distributions** position the fund as a core short-term fixed income holding for investors seeking stability relative to longer-duration bond strategies. Recent disclosures highlight meaningful exposure to U.S. government and agency instruments alongside high-quality corporate issuers, aligning the fund with the **Short-Term Bond** category’s role in dampening volatility while providing current income.