Voya Large Cap Value Fund - Class A

Effective March 6, 2015 the Voya Core Equity Research Fund has merged into the Voya Large Cap Value Fund

Class A: IEDAX
Class C: IEDCX
Class I: IEDIX
Class R: IEDRX
Class R6: IEDZX
Class W: IWEDX
For more information call 1 (800) 334-3444
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Voya Large Cap Value Fund

Seeking the Benefit of Both High-Dividend Yield and Dividend Growth Potential

Historical analysis shows that dividends have contributed significantly to returns over time in large-cap value investments.

Daily Prices

as of December 14, 2018

Net Asset Value (NAV)$10.52
% Change-10.24
$ Change-1.20
YTD Return-5.41%

The Voya Large Cap Value Fund Offers

A flexible dividend approach

Research-intensive process

Historically strong risk-adjusted returns

Potential Value Added Through Dividend Reinvestment

Potential Value Added Through Dividend Reinvestment

Source: Morningstar®, Inc., as of 12/31/17.
Average dividend yields were recalculated for each calendar year.
This chart is for illustrative purposes only. Excludes sales charges. If sales charges and taxes had been included, the value would have been lower. An index does not reflect fees, brokerage commissions, taxes or other expenses of investing.
Investors cannot directly invest in an index.
The performance quoted represents past performance and does not guarantee future results.

The Voya Difference

  • A flexible dividend approach
    Flexibility to emphasize high dividend yield or dividend growth potential based on our analysts’research insights.
  • Research-intensive process
    Company-by-company fundamental research and analysis aims to identify stocks with sustainable high-dividend yields and/or dividend growth potential.
  • Historically strong risk adjusted returns
    Intensive fundamental research has generated strong returns while disciplined risk management has provided historically low relative volatility.

Product Facts

Ticker SymbolIEDAX
CUSIP92913K645
Inception DateDecember 18, 2007
Dividends PaidQuarterly
Min. Initial Investment$1,000.00

About this Product

  • This strategy seeks to capture the benefits of both high-dividend yield and dividend growth by investing primarily in large-capitalization, dividend paying companies
  • Actively managed portfolio aiming to achieve a dividend yield that exceeds the average dividend yield of the companies included in the Russell 1000® Value Index
  • Managed in an equity income style, seeking to deliver a high dividend focused investment strategy with lower volatility than the broad market
  • May invest in foreign securities, including emerging markets, but primarily invests in U.S. and Canadian companies

Investment Objective

The Fund seeks long-term growth of capital and current income.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.
Christopher Corapi

Christopher Corapi

Portfolio Manager

Managed Fund since 2011

More Info
Christopher Corapi is a portfolio manager for the large cap value strategies. Chris joined the firm as the head of U.S. equities and served as CIO of the equity platform from 2009 to January 31, 2017. Prior to joining the firm, Chris was the global head of equity research at Federated Investors. Previously, he was head of U.S. equities and portfolio manager at Credit Suisse Asset Management. Before joining Credit Suisse, Chris was with JPMorgan Investment Management as the head of emerging markets research and was a U.S. equity analyst at Sanford C. Bernstein & Company. He received a BS in business administration from Alfred University.
Vincent Costa

Vincent Costa, CFA

Portfolio Manager

Managed Fund since 2013

More Info
Vincent Costa is head of the value and global quantitative equities teams and also serves as a portfolio manager for the active quantitative and fundamental large cap value strategies. Vinnie joined Voya Investment Management (Voya IM) in April 2006 as head of portfolio management for quantitative equity. Prior to joining Voya IM, he managed quantitative equity investments at both Merrill Lynch Investment Management and Bankers Trust Company. He earned a BS in quantitative business analysis from Pennsylvania State University and an MBA in finance from the New York University Stern School of Business, and holds the Chartered Financial Analyst® designation.
James Dorment

James Dorment, CFA

Portfolio Manager

Managed Fund since 2015

More Info
James Dorment is a portfolio manager on the value team at Voya Investment Management for the large cap value strategies. He also covers the consumer discretionary sector. Prior to joining the firm, he was a senior research analyst from Columbia Management. Jim also worked at U.S. Trust analyzing and investing in a broad range of industries in both public and private equity markets. He received a BA in economics from Bates College. He holds the Chartered Financial Analyst® designation.
Kristy Finnegan

Kristy R Finnegan, CFA

Portfolio Manager

Managed Fund since 2015

More Info
Kristy Finnegan is a portfolio manager on the value team at Voya Investment Management for the large cap value strategies. She also covers the consumer staples sector. Kristy joined the firm as an analyst covering the technology sector and later covering the consumer sectors. Prior to joining the firm, she was an investment banking analyst at SunTrust Equitable Securities in Nashville, Tennessee where she focused on deals primarily in the education and health care sectors. She earned a BS in economics from Vanderbilt University, and she holds the Chartered Financial Analyst® designation.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of November 30, 2018

As of September 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
GrossNet
Net Asset Value+0.03+1.50+7.83+6.43+11.951.17%1.10%
With Sales Charge-5.71-4.30+5.73+5.18+11.28
Net Asset Value+3.65+8.43+11.92+8.66+10.101.17%1.10%
With Sales Charge-2.29+2.22+9.74+7.37+9.46
Russell 1000 Value Index+1.48+2.96+9.82+8.65+12.46
Russell 1000 Value Index+3.92+9.45+13.55+10.72+9.79

Inception Date - Class A:December 18, 2007

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.

Yields

As of November 30, 2018

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.

1.36
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).

1.45
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.

1.46
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.

1.38

Returns Based Statistics

As of November 30, 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.

9.169.9812.94
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.

0.960.990.90
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.

95.6196.4396.89
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.

-1.51-2.010.57
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.

0.770.620.91
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.

1.961.892.65
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.

-1.02-1.18-0.19

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 12/31/2008 through 11/30/2018

Ending Value: $30,910.00

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 November 30, 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.

$833.9
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

56
P/E next 12 months
P/E:

P/E (next 12 months) calculates the price of a stock divided by its earnings per share.

15.78
P/B trailing 12 months
P/B:

Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value.

3.30
Weighted Average Market Cap millions
Weighted Average Market Cap:

Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock.

$153,168.0
EPS Growth (3-5 Year Estimate)
EPS Growth (3-5 Year Estimate):

The portion of a company's profit allocated to each outstanding share of common stock. EPS growth serves as an indicator of a company's profitability.

9.59
Active Share
Active Share:

Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index.

70.75
PEG Ratio1.76
Price to Cash Flow
Price to Cash Flow:

The ratio of a stock’s price to its cash flow per share. The price-to-cash flow ratio is an indicator of a stock’s valuation

13.34
ROA %
ROA:

ROA is an indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings.

6.01
Total

Top Holdings

% of Total Investments as of November 30, 2018

Pfizer, Inc.4.35
JPMorgan Chase & Co.4.06
Johnson & Johnson4.04
Verizon Communications, Inc.3.62
Chevron Corp.3.24
Wells Fargo & Co.2.93
Bank of America Corp.2.92
Cisco Systems, Inc.2.71
Intercontinental Exchange, Inc.2.52
Comcast Corp.2.50
Total#,###.2

Portfolio Composition

as of November 30, 2018

Stocks98.08
Short Terms1.92
Total#,###.2

Sector Weightings

% of Total Investments as of November 30, 2018

Financials22.86
Health Care15.61
Information Technology9.53
Energy8.96
Consumer Staples8.75
Communication Services7.78
Utilities6.79
Industrials6.67
Real Estate4.75
Consumer Discretionary4.66
Materials3.64
Total#,###.2

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

Distributions

Distributions

Payment Frequency: Quarterly

Ex-Date
Ex-Date:

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.

Payable Date
Payable Date:

Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date
Record Date:

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.

Amount
Long-Term Capital Gain12/14/201812/17/201812/13/2018$1.007800
Income Dividend10/01/201810/02/201809/28/2018$0.058100
Income Dividend07/02/201807/03/201806/29/2018$0.043100
Income Dividend04/02/201804/03/201803/29/2018$0.051200
Income Dividend12/29/201701/02/201812/28/2017$0.042700
Short-Term Capital Gain12/15/201712/18/201712/14/2017$0.029200
Long-Term Capital Gain12/15/201712/18/201712/14/2017$1.126500
Totals: $2.358600

Ratings

Morningstar™ Ratings

As of November 30, 2018

Overall3 Year5 Year10 Year
1089 Funds1089 Funds932 Funds678 Funds

Category: Fund Large Value

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. An investment in securities of Larger Companies carries with it the risk that the company (and its earnings) may grow more slowly than the economy as a whole or not at all. Value Investing Securities that appear to be undervalued may never appreciate to the extent expected and are generally more sensitive to changing economic conditions, Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. The risks of Emerging Markets securities may be intensified. Because the Fund may invest in Other Investment Companies, you may pay a proportionate share of the expenses of that other investment company, in addition to the expenses of the Fund. Other risks of the Fund include but are not limited to: Company, Convertible Securities; Dividend Risks; Interest Rate, Investment Model, Market Trends; Inability to Sell Securities; Real Estate Companies and Real Estate Investment Trusts ("REITs") 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.