Voya Global Diversified Payment Fund
Pursuing Consistent Income
In today’s environment of evolving market cycles, finding sources of consistent income can be daunting. While there are many options, each come with their own advantages and drawbacks. Some can produce predictable monthly payments while others can offer growth potential and daily liquidity should circumstances change. Yet few, if any, can offer all three. Meanwhile, most income investments tend to focus on a narrow range of asset classes and factors, leading to less overall portfolio diversification than many investors may even realize.
The Voya Global Diversified Payment Fund Offers
Level monthly payments
Diversified return sources in one portfolio
Potential for growth
|Inception Date||July 1, 2008|
|Min. Initial Investment||$1,000.00|
About this Product
- Coupled with a managed payment policy, the Fund invests in a combination of Voya Funds which are invested in global equity, fixed-income, and which may include floating rate loans, emerging markets debt, and real estate securities
- Seeks to make level, monthly payments per share, re-set annually*
- Designed for retired investors or investors nearing retirement who seek stable level of monthly payments from their investment in the Fund as well as growth potential and global diversification
The Fund seeks to meet the managed payment policy of the Fund, while seeking to preserve investors' capital over the long term. The Fund's secondary investment objective is to seek potential long-term capital appreciation.
Average Annual Total Returns %
As of November 30, 2019
As of September 30, 2019
|Most Recent Month End||YTD||1 YR||3 YR||5 YR||10 YR||Expense Ratios|
|Net Asset Value||+12.30||+8.37||+5.84||+3.82||+5.76||1.24%||1.24%|
|With Sales Charge||+5.88||+2.18||+3.79||+2.61||+5.13|
|Net Asset Value||+9.76||+1.97||+4.43||+3.70||+5.77||1.24%||1.24%|
|With Sales Charge||+3.49||-3.92||+2.38||+2.48||+5.15|
|S&P Target Risk Moderate Total Return Index||+14.06||+11.75||+7.45||+5.02||+5.99||—||—|
|S&P Target Risk Growth Index||+17.00||+12.60||+9.24||+6.33||+8.05||—||—|
|S&P Target Risk Moderate Total Return Index||+11.77||+6.60||+5.91||+5.05||+5.97||—||—|
|S&P Target Risk Growth Index||+13.47||+5.06||+7.51||+6.34||+7.91||—||—|
Inception Date - Class A:July 1, 2008
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 for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment. Please see the Fund's prospectus for more information. The expense limits will continue through at least 2020-03-01. The Fund is operating under the contractual expense limits. The Fund's Acquired (Underlying) Funds Fees and Expenses are based on a weighted average of the fees and expenses of the Underlying Funds in which it invests. The amount of fees and expenses of the Underlying Funds borne by the Fund will vary based on the Fund's allocation of assets to, and annualized net expenses of, the particular Underlying Funds during the Fund's fiscal year.
The Standard and Poor's Target Risk Growth Index is a broad-based index that seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The index is fully investable, with varying levels of exposure to equities and fixed-income through a family of exchange-traded funds. The index offers increased exposure to equities, while also using some fixed-income exposure to diversify risk. The index returns include the reinvestment of dividends and distributions net of withholding taxes, but do not reflect fees, brokerage commissions, or other expenses. Investors cannot directly invest in an index.
The S&P Target Risk Moderate Index offers significant exposure to fixed income, while also increasing opportunities for higher returns through equities. Investors cannot invest directly in an index.
Effective February 28, 2019, the Fund changed its benchmark from the S&P Target Risk Growth Index to S&P Target Risk Moderate Index.
As of October 31, 2019
|SEC 30-Day Yield (Unsubsidized)|
SEC 30-Day Yield (Unsubsidized):
A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.
|SEC 30-Day Yield (Subsidized)|
SEC 30-Day Yield (Subsidized):
A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements).
|Distribution Yield @ NAV|
Distribution Yield @ NAV:
Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value.
|Distribution Yield @ MOP|
Distribution Yield @ MOP:
Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price.
Returns Based Statistics
As of October 31, 2019
|3 Year||5 Year||10 Year|
A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.
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.
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.
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.
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.
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.
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.
As of October 31, 2019
|Net Assets millions|
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.
|Number of Holdings|
Number of Holdings:
Number of Holdings in the investment.
% of Total Investments as of October 31, 2019
|Voya Multi-Manager International Factors Fund - Class I||14.31|
|Voya Global Bond Fund - Class R6||10.02|
|Voya Intermediate Bond Fund - Class R6||9.97|
|Voya U.S. High Dividend Low Volatility Fund - Class R6||7.64|
|Voya Multi-Manager Emerging Markets Equity Fund - Class I||7.03|
|Voya Large Cap Value Fund - Class R6||6.61|
|Voya Multi-Manager International Equity Fund - Class I||6.09|
|Voya Large-Cap Growth Fund - Class R6||5.65|
|Voya High Yield Bond Fund - Class R6||5.01|
|Voya Floating Rate Fund - Class I||4.97|
as of October 31, 2019
|Large Cap U.S.||23.50|
|Core Plus Fixed Income||9.97|
|High Yield Bond||5.01|
|Mid Cap U.S.||3.09|
|Global Real Estate||2.58|
|Real Estate U.S.||2.53|
|Small Cap U.S.||2.08|
|Core Fixed Income||1.00|
Top Country Weightings
% of Total Investments as of October 31, 2019
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Payment Frequency: Monthly
Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.
Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.
Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.
|Long-Term Capital Gain||12/31/2018||01/02/2019||12/28/2018||$0.200000|
The Fund's managed payment policy is designed to make consistent payments once per month throughout each calendar year, excluding any additional distributions required to comply with applicable law. Under the managed payment policy, the dollar amount of the Fund's scheduled monthly payments for a particular calendar year generally will increase or decrease each January based on the Fund's performance over the previous three years. Accordingly, the dollar amount of the Fund's monthly cash payments could go up or down substantially from one year to the next and over time depending on, among other things, the performance of the financial markets in which the Fund invests, the allocation of Fund assets across different asset classes and investments, the performance of the Fund's investment strategies and the amount and timing of prior payments by the Fund. It is also possible for your payments from the Fund to go down substantially from one year to the next and over time, depending on the timing of your investments in the Fund. Any redemptions you make from your Fund account will proportionately reduce the amount of future cash payments you will receive from the Fund unless a shareholder elects otherwise. Special distributions at year-end will be automatically reinvested in additional shares of the Fund unless a shareholder elects otherwise. You may redeem such additional shares like any other share, however such a redemption may result in a significant decrease in the aggregate monthly payment received. Please also note if a shareholder elects to receive any annual special distribution in cash rather than in additional share this will proportionally reduce the amount of future cash distributions received from the Fund. Your principal amount invested may lose value over short, intermediate or long periods of time, and performance of the Fund may have negative consequences on returns.
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All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. Stock of an issuer in the Fund's portfolio may decline in price if the issuer fails to make anticipated Dividend Payments because, among other reasons, the issuer of the security experiences a decline in its financial condition. Securities of Small- and Mid-Sized Companies may entail greater price volatility and less liquidity than investing in stocks of larger companies. Other risks of the Fund include but are not limited to: Convertible Securities Risks; Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.
Risks specific to Managed Payment:
The Fund is expected to make monthly payments under its Managed Payment Policy regardless of the Fund's investment performance. Because these payments will be made from Fund assets, the Fund's monthly payments may reduce the amount of assets available for investment by the Fund. It is possible for the Fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its payments to shareholders under the Managed Payment Policy. The Fund may, under its Managed Payment Policy, return capital to shareholders which will decrease their costs basis in the Fund and will affect the amount of any capital gain or loss that shareholders realize when selling or exchanging their Fund shares.