Overview
Fund Tagline
Tap into the Opportunity and Long-Term Growth Potential of U.S. Small and Mid-Cap Companies
Fund Description
View important disclosureProduct Facts
| Ticker Symbol | VYMQX |
| CUSIP | 92918A105 |
| Inception Date | February 3, 1998 |
| Dividends Paid | Annually |
| Min. Initial Investment | $1,000.00 |
- A small and mid-cap portfolio of quality companies with strong potential to out-perform their peers, with no static style or factor biases.
- Applies machine learning models to evaluate financial, fundamental and ESG characteristics of over 2,500 companies to form a deep, holistic view of each stock (without emotional biases).
- Team has more than a decade working together, focused on delivering consistent outperformance with low correlation to most investment strategies.
The Fund seeks growth of capital primarily through investment in a diversified portfolio of common stock of companies with small- to mid-market capitalizations.
- A small and mid-cap portfolio of quality companies with strong potential to out-perform their peers, with no static style or factor biases.
- Applies machine learning models to evaluate financial, fundamental and ESG characteristics of over 2,500 companies to form a deep, holistic view of each stock (without emotional biases).
- Team has more than a decade working together, focused on delivering consistent outperformance with low correlation to most investment strategies.
The Fund seeks growth of capital primarily through investment in a diversified portfolio of common stock of companies with small- to mid-market capitalizations.
Performance
Average Annual Total Returns %
As of July 31, 2025
As of June 30, 2025
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +1.46 | +3.51 | +9.51 | +12.89 | +7.97 | 1.05% | 0.96% |
| With Sales Charge | -4.39 | -2.45 | +7.37 | +11.56 | +7.34 | ||
| Net Asset Value | +0.43 | +8.61 | +12.97 | +13.54 | +7.72 | 1.05% | 0.96% |
| With Sales Charge | -5.36 | +2.36 | +10.76 | +12.19 | +7.09 | ||
| S&P MidCap 400 Index | +1.82 | +3.28 | +9.60 | +12.79 | +9.41 | — | — |
| Russell 2500 Index | +2.38 | +4.28 | +8.40 | +11.00 | +8.61 | — | — |
| S&P MidCap 400 Index | +0.20 | +7.53 | +12.83 | +13.44 | +9.25 | — | — |
Inception Date - Class A: February 3, 1998
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.
Past performance does not guarantee future results.
Growth of a $10,000 Investment
For the period 08/31/2015 through 07/31/2025
Ending Value: $21,538.00
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.
Average Annual Total Returns %
As of July 31, 2025
As of June 30, 2025
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +1.46 | +3.51 | +9.51 | +12.89 | +7.97 | 1.05% | 0.96% |
| With Sales Charge | -4.39 | -2.45 | +7.37 | +11.56 | +7.34 | ||
| Net Asset Value | +0.43 | +8.61 | +12.97 | +13.54 | +7.72 | 1.05% | 0.96% |
| With Sales Charge | -5.36 | +2.36 | +10.76 | +12.19 | +7.09 | ||
| S&P MidCap 400 Index | +1.82 | +3.28 | +9.60 | +12.79 | +9.41 | — | — |
| Russell 2500 Index | +2.38 | +4.28 | +8.40 | +11.00 | +8.61 | — | — |
| S&P MidCap 400 Index | +0.20 | +7.53 | +12.83 | +13.44 | +9.25 | — | — |
Inception Date - Class A: February 3, 1998
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.
Past performance does not guarantee future results.
Growth of a $10,000 Investment
For the period 08/31/2015 through 07/31/2025
Ending Value: $21,538.00
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, 2025
| 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. | $131.7 |
| Number of Holdings Number of Holdings Number of Holdings in the investment. | 148 |
| P/E next 12 months P/E P/E (next 12 months) calculates the price of a stock divided by its earnings per share. | 19.01 |
| 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. | 3.81 |
| 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. | $7,925.2 |
| 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. | 10.79 |
| 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. | 50.00 |
| 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 | 15.58 |
| 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. | 5.31 |
| Total |
Top Holdings
As of July 31, 2025
| NiSource Inc | 2.03 |
| Applied Industrial Technologies, Inc. | 1.81 |
| Jefferies Financial Group Inc. | 1.62 |
| Watts Water Technologies, Inc. | 1.48 |
| iShares Russell 2500 ETF | 1.48 |
| Watsco, Inc. | 1.47 |
| Pure Storage, Inc. | 1.46 |
| Core & Main, Inc. | 1.42 |
| RPM International Inc. | 1.39 |
| Flowserve Corporation | 1.36 |
| Total | #,###.2 |
Portfolio Composition
As of July 31, 2025
| Cash | 0.23 |
| Mutual Funds | 1.48 |
| EM Equity | 1.24 |
| US Common Stocks | 97.06 |
| Total | #,###.2 |
Sector Weightings
As of July 31, 2025
| INDUSTRIALS | 24.39 |
| FINANCIALS | 19.37 |
| INFORMATION TECHNOLOGY | 14.05 |
| HEALTH CARE | 9.29 |
| REAL ESTATE | 8.43 |
| CONSUMER DISCRETIONARY | 7.56 |
| UTILITIES | 4.65 |
| MATERIALS | 4.55 |
| COMMUNICATION SERVICES | 4.28 |
| ENERGY | 2.08 |
| CONSUMER STAPLES | 1.34 |
| Total | #,###.2 |
Portfolio Statistics
As of July 31, 2025
| 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. | $131.7 |
| Number of Holdings Number of Holdings Number of Holdings in the investment. | 148 |
| P/E next 12 months P/E P/E (next 12 months) calculates the price of a stock divided by its earnings per share. | 19.01 |
| 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. | 3.81 |
| 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. | $7,925.2 |
| 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. | 10.79 |
| 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. | 50.00 |
| 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 | 15.58 |
| 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. | 5.31 |
| Total |
Top Holdings
As of July 31, 2025
| NiSource Inc | 2.03 |
| Applied Industrial Technologies, Inc. | 1.81 |
| Jefferies Financial Group Inc. | 1.62 |
| Watts Water Technologies, Inc. | 1.48 |
| iShares Russell 2500 ETF | 1.48 |
| Watsco, Inc. | 1.47 |
| Pure Storage, Inc. | 1.46 |
| Core & Main, Inc. | 1.42 |
| RPM International Inc. | 1.39 |
| Flowserve Corporation | 1.36 |
| Total | #,###.2 |
Portfolio Composition
As of July 31, 2025
| Cash | 0.23 |
| Mutual Funds | 1.48 |
| EM Equity | 1.24 |
| US Common Stocks | 97.06 |
| Total | #,###.2 |
Sector Weightings
As of July 31, 2025
| INDUSTRIALS | 24.39 |
| FINANCIALS | 19.37 |
| INFORMATION TECHNOLOGY | 14.05 |
| HEALTH CARE | 9.29 |
| REAL ESTATE | 8.43 |
| CONSUMER DISCRETIONARY | 7.56 |
| UTILITIES | 4.65 |
| MATERIALS | 4.55 |
| COMMUNICATION SERVICES | 4.28 |
| ENERGY | 2.08 |
| CONSUMER STAPLES | 1.34 |
| Total | #,###.2 |
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Distributions
Payment Frequency: Annually
| Distributions | 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 |
|---|---|---|---|---|
| Income Dividend | 12/12/2024 | 12/13/2024 | 12/11/2024 | $0.141700 |
| Long-Term Capital Gain | 12/12/2024 | 12/13/2024 | 12/11/2024 | $1.753100 |
| Short-Term Capital Gain | 12/12/2024 | 12/13/2024 | 12/11/2024 | $0.286000 |
| Totals: $2.180800 | ||||
Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
Vincent Costa, CFA
Chief Investment Officer, Equities
Years of Experience: 40
Years with Voya: 19
Russell Shtern, CFA
Portfolio Manager, Voya Machine Intelligence
Years of Experience: 25
Years with Voya: 3
Gareth Shepherd, PhD, CFA
Co-head Voya Machine Intelligence, Portfolio Manager
Years of Experience: 27
Years with Voya: 5
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Company; Derivative Instruments; Environmental, Social, and Governance (Quantitative); Investment Model; Liquidity; Market; Market Disruption and Geopolitical; Mid-Capitalization Company; Other Investment Companies; Real Estate Companies and Real Estate Investment Trusts; Securities Lending. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.
The fund discussed may be available to you as part of your employer sponsored retirement plan. There may be additional plan level fees resulting in personal performance that varies from stated performance. Please call your benefits office for more information.