Voya Multi-Manager Mid Cap Value Fund
A disciplined approach to discovering long-term value opportunities among U.S. and non-U.S. mid-cap companies.
About this Product
- The Fund normally invests at least 80% of its net assets in common stocks of mid-capitalization companies that fall within the collective range of companies within the Russell Midcap® Index and the S&P MidCap 400 Index
- The Fund focuses on securities that the sub-advisers believe are undervalued in the marketplace
- The Fund expects to invest primarily in securities of U.S.-based companies, but may also invest in securities of non-U.S. companies, including companies located in countries with emerging securities markets
- The Fund may also invest up to 20% of its net assets in real estate investment trusts (“REITs”)
- Hahn Capital Management, LLC, LSV Asset Management and Voya Investment Management Co., LLC provide the day-to-day management of the Fund and utilize their own respective methodologies when selecting investments
Investment Objective
The Fund seeks long-term capital appreciation.
My Representatives
Contact your Voya Representative to gain access to program materials.
1-800-334-3444
Performance
Average Annual Total Returns %
As of February 28, 2023
As of December 31, 2022
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +4.57 | -1.25 | +12.25 | +6.33 | +9.01 | 0.79% | 0.78% |
| With Sales Charge | +4.57 | -1.25 | +12.25 | +6.33 | +9.01 | ||
| Net Asset Value | -11.37 | -11.37 | +5.60 | +5.02 | +9.27 | 0.79% | 0.78% |
| With Sales Charge | -11.37 | -11.37 | +5.60 | +5.02 | +9.27 | ||
| Russell Midcap Value Index | +4.62 | -3.42 | +11.96 | +7.27 | +9.62 | — | — |
| Russell Midcap Value Index | -12.03 | -12.03 | +5.82 | +5.72 | +10.11 | — | — |
Inception Date - Class I:October 3, 2011
Current Maximum Sales Charge: 0.00%
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 2023-10-01. Expenses are being waived to the contractual cap.
The Russell Midcap Value Index is an unmanaged index that measures the performance of those companies included in the Russell Midcap Index with lower price-to-book ratios and lower forecasted growth values. Investors cannot invest directly in an index.
Past performance does not guarantee future results.
Returns-Based Characteristics
As of February 28, 2023
| 3 Year | 5 Year | 10 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. | 24.67 | 22.53 | 17.72 |
| 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. | 1.01 | 1.03 | 1.04 |
| 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. | 0.99 | 0.98 | 0.97 |
| 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. | 0.26 | -0.96 | -0.77 |
| 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. | 0.56 | 0.33 | 0.53 |
| 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. | 0.11 | -0.30 | -0.21 |
Growth of a $10,000 Investment
For the period 03/31/2013 through 02/28/2023
Ending Value: $23,701.00
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
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
LSV Asset Management
Investment Sub-Adviser
Hahn Capital Management, LLC
Steven Wetter
Portfolio Manager
Years of Experience: 35
Years with Voya: 11
Kai Yee Wong
Portfolio Manager
Years of Experience: 31
Years with Voya: 11
Paul Zemsky, CFA
Chief Investment Officer, Multi-Asset Strategies and Solutions
Years of Experience: 39
Years with Voya: 18
John D Schaeffer
Michael Whitfield
Josef Lakonishok, PhD
Puneet Mansharamani, CFA
Menno Vermeulen, CFA
Greg Sleight
Guy Lakonishok, CFA
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 an investment in the Fund. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Investing in stocks of Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. 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. Investment Model: A manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors. Volatility management techniques may not always be successful in reducing volatility, may not protect against market declines, and may limit the Portfolio’s participation in market gains. 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 risks of the Fund include but are not limited to: Company; Currency; Focused Investing; Developing and Emerging Markets; Index Strategy; Liquidity; Market; Market Disruption and Geopolitical; Other Investment Companies; Real Estate Companies and Real Estate Investment Trusts ( "REITs " ); Securities Lending; and Value Investing. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.