Voya CBRE Long/Short Fund - Class A

Class A: VCRLX
Class I: VCRSX
For more information call 1 (800) 334-3444
Teal background
Voya CBRE Long/Short Fund

The Fund seeks to provide total return while attempting to preserve capital and mitigate risk.

Daily Prices

as of August 16, 2018

Net Asset Value (NAV)$9.89
% Change+0.71
$ Change+0.07
YTD Return-2.08%

Product Facts

Ticker SymbolVCRLX
CUSIP92914A547
Inception DateDecember 30, 2011
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

  • Unconstrained, fundamental, long/short portfolio of real estate securities primarily listed in the U.S. with select exposure to international markets
  • Long and short stock positions and management of market exposure may reduce portfolio volatility and help to minimize loss during market downturns
  • Alternative investment strategies can potentially provide greater diversification to help mitigate risk*

Investment Objective

The Fund seeks total return including capital appreciation and current income.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

CBRE Clarion Securities, LLC

Investment Sub-Adviser

CBRE Clarion Securities is an industry-leading global investment management firm specializing in the management of listed real asset securities including real estate, infrastructure, and master limited partnerships (MLPs). CBRE Clarion manages client portfolios with a focus on generating attractive risk-adjusted returns through a total return, income focused, and absolute return-oriented strategies. Headquartered near Philadelphia, Pennsylvania, the firm has over 90 employees located in offices in the United States, United Kingdom, Hong Kong, Japan, and Australia.
Joseph Smith

Joseph P Smith, CFA

Portfolio Manager

Managed Fund since 2011

More Info
Mr. Smith is president and co-chief investment officer of CBRE Clarion Securities, as well as chair of the firm’s Management Committee and a member of the Global Investment Committee. Mr. Smith is co-leader of the U.S. real estate securities team. Mr. Smith joined CBRE Clarion Securities’ predecessor firm in 1997. Prior to that, Mr. Smith worked in various management and analyst positions in the real estate industry including positions at Alex Brown & Sons, PaineWebber and Radnor Advisors. Mr. Smith has over 25 years of real estate investment management experience.
T. Ritson Ferguson

T. Ritson Ferguson, CFA

Portfolio Manager

Managed Fund since 2011

More Info
Mr. Ferguson is CEO of CBRE Global Investors and CEO of its equity securities management subsidiary, CBRE Clarion Securities. He is also the firm’s global chief investment officer. He is a senior portfolio manager and a member of the CBRE Clarion Global Investment Policy Committee. Mr. Ferguson was one of the founding principals who formed the predecessor entity to CBRE Clarion Securities. Earlier in his real estate career, he worked at K.S. Sweet Associates and Trammell Crow Company. He was also a consultant at Bain & Company and a captain in the U.S. Air Force. Mr. Ferguson has over 30 years of industry investment experience.
Steven Burton

Steven D Burton, CFA

Portfolio Manager

Managed Fund since 2011

More Info
Mr. Burton is co-chief investment officer, a member of CBRE Clarion Securities’ Global Investment Policy Committee, and a member of the firm’s Management Committee. Mr. Burton joined CBRE Clarion Securities’ predecessor firm in 1995. Prior to that, Mr. Burton worked in various management and analyst positions in the real estate industry including positions with General Electric Investment Corporation and PNC Financial Corporation. Mr. Burton has over 30 years of real estate investment management experience.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of July 31, 2018

As of June 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
GrossNet
Net Asset Value-2.48+2.18+0.22+2.20+1.882.61%2.61%
With Sales Charge-8.12-3.71-1.74+0.99+0.97
Net Asset Value-2.67+2.08+1.24+2.11+1.872.61%2.61%
With Sales Charge-8.30-3.82-0.74+0.91+0.95
HFRX Equity Hedge Index+0.97+6.12+2.08+2.67+3.85
HFRX Equity Hedge Index+0.24+6.28+1.73+3.04+3.79

Inception Date - Class A:December 30, 2011

Current Maximum Sales Charge: 5.75%

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.

Returns Based Statistics

As of July 31, 2018

3 Year5 Year10 Year
Standard Deviation
Standard Deviation:

A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.

7.678.67
Beta
Beta:

The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index.

0.740.75
R2
R2:

The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification.

27.1318.15
Alpha
Alpha:

A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta.

-1.300.39
Sharpe Ratio
Sharpe Ratio:

A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance.

-0.020.24
Tracking Error
Tracking Error:

A measure of how closely the returns of a portfolio tend to follow the returns of the index to which it is benchmarked; specifically, the variability of excess returns around the average.

6.687.95
Information Ratio
Information Ratio:

The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns.

-0.28-0.06

Calendar Year Returns %

Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.

Growth of a $10,000 Investment

For the period 12/30/2011 through 07/31/2018

Ending Value: $11,304.00

The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.

Portfolio

Portfolio Statistics

As of July 31, 2018

Net Assets millions
Net Assets:

The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.

$76.7
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

55
Total

Sector Weightings

% of Total Investments as of July 31, 2018

Retail: Enclosed Malls22.32
Residential17.47
Technology Real Estate16.59
Healthcare Facilities13.31
Self Storage Property12.64
Office Buildings9.83
Retail: Community Shopping Centers5.78
Diversified Property Holdings5.26
Residential: Hotels4.80
Industrial Properties2.83
Residential: Homebuilders, Land Owners0.73
Net Leased Properties-1.24
Communications-2.71
Real Estate Services-7.61
Total#,###.2

Top Country Weightings

% of Total Investments as of July 31, 2018

United States81.76
United Kingdom9.78
Singapore4.44
Spain2.53
China1.50
Total#,###.2

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.

Distributions

Distributions: Last 12 Months

No distributions paid in the last 12 months.

Ratings

Morningstar™ Ratings

As of July 31, 2018

Overall3 Year5 Year10 Year
189 Funds189 Funds102 Funds N/A

Category: Fund Long-Short Equity

Disclosures

Principal Risks

Mutual fund investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, short sales losses are potentially unlimited and the expenses involved with the short strategy may impact the performance of the Fund. With short sales, you risk paying more for a security than you received from its sale. There can be no assurance that the Fund will achieve its stated objectives. The Fund may engage in leveraging and other speculative investment practices which could increase the risk of loss. It may also invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gain or losses. Real estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. The Fund is non-diversified. Other risks of the Fund include but are not limited to: Company; Concentration; Convertible Securities; Currency; Initial Public Offerings; Investment Model; Liquidity; Market; Market Capitalization; and Other Investment Companies risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

*Diversification does not ensure a profit or protect against a loss in a declining market.