Voya SMID Cap Growth Fund
Tap into the long-term growth potential of small to mid-sized U.S. companies.
About this Product
- A SMID cap growth portfolio comprised of common stocks from small to mid-size, lesser-known companies that fall within the range of the Russell 2500 Growth Index.
- Robust investment process balances quantitative screening, fundamental research, and targeted economic sector analysis.
- Company analysis and selection focuses on prospects for continuing bottom-line growth, balance sheet strength, and cash flow characteristics
The Fund seeks 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||+28.70||+13.49||—||—||—||+9.05||4.11%||1.22%|
|With Sales Charge||+21.32||+6.96||—||—||—||+6.90|
|Net Asset Value||+19.40||-5.31||—||—||—||+6.73||4.11%||1.22%|
|With Sales Charge||+12.55||-10.73||—||—||—||+4.51|
|Russell 2500 Growth Index||+31.43||+17.17||—||—||—||+14.67||—||—|
|Russell 2500 Growth Index||+19.97||-4.11||—||—||—||+11.91||—||—|
Inception Date - Class A:December 6, 2016
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 Russell 2500 Growth Index is a market capitalization-weighted index a subset of the Russell 2500 Index includes approximately 1,450 small and mid-cap United States-based listed equities. Stock characteristics used for inclusion into the growth index are Institutional Brokers’ Estimate System (I/B/E/S) forecast medium-term EPS growth and Historical sales per share growth. Investors cannot directly invest in an index.
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 12/06/2016 through 11/30/2019
Ending Value: $12,951.00
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
Joseph Basset, CFA
Equity Analyst and Portfolio Manager
Years of Experience: 22
Years with Voya: 14
Head of Small Cap and Portfolio Manager
Years of Experience: 24
Years with Voya: 13
Investment Risks: You could lose money on an investment in the Fund. Any of the following risks, among others, could affect Fund performance or cause the Fund to lose money or to underperform: Company: The price of a company’s stock could decline or underperform. Foreign Investing poses special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic.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. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Because the Fund may invest in Other Investment Companies, you may pay a proportionate share of the expenses of that other investment company, in addition to the expenses of the Fund. 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. Other risks of the Fund include but are not limited to: Currency, Investment Model, Liquidity, Market, Securities Lending. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.