Voya Real Estate Fund
Tap into the growth and income potential of U.S. commercial real estate.
About this Product
- Invests primarily in U.S. REITs that own and manage commercial real estate with market capitalizations typically above $100 million at the time of purchase
- Proprietary analytical techniques are used to identify securities which the Sub-Adviser believes will provide above-average cash flow yield and growth
- Managed by CBRE Clarion Securities (CBRE Clarion), one of the world’s largest real estate investment companies
- The Sub-Adviser’s investment approach is expected to produce a total return that is closely tied to the performance of the market for publicly traded real estate companies
The Fund seeks total return consisting of long-term capital appreciation and current income.
Portfolio Management Team
Voya Investments, LLC
CBRE Clarion Securities, LLC
T. Ritson Ferguson, CFA
Joseph P Smith, CFA
Average Annual Total Returns %
As of January 31, 2019
As of December 31, 2018
|Most Recent Month End||YTD||1 YR||3 YR||5 YR||10 YR||Expense Ratios|
|Net Asset Value||+11.43||+5.93||+5.07||+7.43||+14.32||1.31%||1.20%|
|With Sales Charge||+4.98||-0.18||+3.01||+6.16||+13.64|
|Net Asset Value||-8.30||-8.30||-0.20||+5.91||+10.94||1.31%||1.20%|
|With Sales Charge||-13.57||-13.57||-2.16||+4.67||+10.28|
|MSCI U.S. REIT Index GR USD||+11.78||+11.32||+7.99||+9.31||+15.67||—||—|
|MSCI U.S. REIT Index GR USD||-4.57||-4.57||+2.88||+7.80||+12.17||—||—|
Inception Date - Class A:December 20, 2002
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 2020-10-01. Expenses are being waived to the contractual cap.
The MSCI US REIT Index is a free float-adjusted market capitalization weighted index that is comprised of equity REITS that are included in the MSCI US Investable Market 2500 Index (with the exception of specialty equity REITS) that do not generate a majority of their revenue and income from real estate rental and leasing obligations). The index represents approximately 85% of the US REIT universe. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index
As of January 31, 2019
|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.
|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).
|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.
|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.
Returns Based Statistics
As of January 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 02/28/2009 through 01/31/2019
Ending Value: $38,108.00
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.
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Risks of the REIT's are similar to those associated with direct ownership of Real Estate, such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. Concentration of investments in one or more real estate industries, may subject the Fund to greater volatility than a portfolio which is less concentrated. Other risks of the Fund include but are not limited to: Initial Public Offerings Risks; Convertible Securities Risks; Manager Risks; Market Trends Risks; Non-Diversification Risks; Other Investment Companies Risks; Price Volatility Risks; Rule 144A Securities Risks; Inability to Sell Securities 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.