As of August 9, 2019, J.P. Morgan Investment Management Inc. was removed as one of the sub-advisers to the Voya Multi-Manager Emerging Markets Equity Fund. Voya Investment Management Co. LLC will serve as a sub-adviser to the Fund. As a result, the Fund’s portfolio managers, management fee, sub-advisory fee and expense limits have changed.
Voya Multi-Manager Emerging Markets Equity Fund
A global approach to discovering long-term growth across asset classes.
About this Product
- The Fund invests at least 80% of its net assets in equity securities of issuers in emerging markets
- Invests primarily in equity securities, but may also invest in REITs and non-investment grade bonds (high yield or “junk bonds”)
- The Fund typically maintains full currency exposure to those markets in which it invests; however, it may hedge a portion of its foreign currency exposure into the U.S. dollar
The Fund seeks 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||Inception||Expense Ratios|
|Net Asset Value||+16.97||+12.24||+10.15||+2.81||—||+3.77||1.68%||1.50%|
|With Sales Charge||+10.21||+5.78||+8.00||+1.60||—||+3.02|
|Net Asset Value||+12.06||+2.74||+6.51||+1.70||—||+3.30||1.68%||1.50%|
|With Sales Charge||+5.60||-3.17||+4.41||+0.50||—||+2.53|
|MSCI Emerging Markets Index||+10.20||+7.28||+9.01||+3.12||—||+4.14||—||—|
|MSCI Emerging Markets Index||+5.89||-2.02||+5.97||+2.33||—||+3.71||—||—|
Inception Date - Class A:October 11, 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 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 2021-03-01. Expenses are being waived to the contractual cap.
The MSCI Emerging Markets (EM) Index is an unmanaged index that measures the performance of securities listed on exchanges in developing nations throughout the world. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
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.
Growth of a $10,000 Investment
For the period 10/11/2011 through 11/30/2019
Ending Value: $13,517.00
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 Management Team
Voya Investments, LLC
Voya Investment Management Co. LLC
Delaware Investments Fund Advisers
Van Eck Associates Corporation
Halvard Kvaale, CIMA
Head of Manager Research and Selection
Years of Experience: 31
Years with Voya: 7
Years of Experience: 31
Years with Voya: 7
Kai Yee Wong
Years of Experience: 27
Years with Voya: 7
Paul Zemsky, CFA
Chief Investment Officer, Multi-Asset Strategies and Solutions
Years of Experience: 35
Years with Voya: 14
Liu-Er Chen, CFA
David A Semple
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. Prices of Growth Stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. Other risks of the Fund include but are not limited to: Convertible Securities Risks; Market Trends Risks; Other Investment Companies' Risks; Price Volatility Risks; Debt Securities Risks; Inability to Sell Securities Risks; Portfolio Turnover 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.