Voya Mid Cap Research Enhanced Index Fund | Voya Investment Management

Voya Mid Cap Research Enhanced Index Fund - Class A

Class A: VYMQX
Class C: VYMRX
Class I: VYMSX
Class R: VYMVX
Class W: VYMYX
For more information call 1 (800) 334-3444
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Voya Mid Cap Research Enhanced Index Fund

Bringing fundamental and quantitative methods together to harness the growth potential of mid-caps .

About this Product

  • Seeks long-term capital growth by investing in a portfolio of securities of mid-capitalization companies
  • Incorporates research from both the fundamental equity team and proprietary quantitative models  
  • Optimization techniques are used to minimize style and sector biases, while keeping risk low relative to the benchmark

Investment Objective

The Fund seeks long-term capital growth.


Average Annual Total Returns %

As of August 31, 2023

As of June 30, 2023

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
Net Asset Value+10.32+10.27+12.80+5.82+7.731.13%0.95%
With Sales Charge+3.98+3.95+10.59+4.57+7.09
Net Asset Value+9.16+16.62+15.13+6.48+7.991.13%0.95%
With Sales Charge+2.88+9.90+12.87+5.23+7.35
S&P MidCap 400 Index+10.06+10.71+12.83+6.97+10.09
S&P MidCap 400 Index+8.84+17.61+15.44+7.79+10.21

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-Based Characteristics

As of August 31, 2023

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.


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.

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.

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.


Growth of a $10,000 Investment

For the period 09/30/2013 through 08/31/2023

Ending Value: $21,039.00

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.

Investment Team


Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. Mid Cap Stocks generally have higher risk characteristics than large cap stocks. Other risks of the Fund include but are not limited to: Investment Model: A manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors. Mistakes in the construction and implementation of the investment models may create errors or limitations that might go undetected.  There is no guarantee that the use of these investment models will result in effective investment decisions. Other Investment Companies Risks; Price Volatility Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.