Voya Balanced Portfolio
The Portfolio seeks total return consisting of capital appreciation (both realized and unrealized) and current income; the secondary investment objective is long-term capital appreciation.
Product Facts
| Ticker Symbol | IBPIX |
| CUSIP | 92914M103 |
| Inception Date | April 3, 1989 |
| Dividends Paid | Semi-Annually |
About this Product
- Invests in domestic and international securities across various asset classes and investment strategies
- Uses a proprietary asset allocation strategy to determine the percentage of the Portfolio’s net assets to invest in both equity and fixed income strategies
Investment Objective
The Portfolio seeks total return consisting of capital appreciation (both realized and unrealized) and current income; the secondary investment objective is long-term capital appreciation.
Performance
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 | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +16.68 | +10.86 | +8.20 | +5.49 | +7.87 | 0.76% | 0.76% |
| With Sales Charge | +16.68 | +10.86 | +8.20 | +5.49 | +7.87 | ||
| Net Asset Value | +12.74 | +2.95 | +6.97 | +5.36 | +7.73 | 0.76% | 0.76% |
| With Sales Charge | +12.74 | +2.95 | +6.97 | +5.36 | +7.73 | ||
| S&P Target Risk Growth Total Return Index | +16.73 | +12.32 | +8.97 | +6.06 | +7.78 | — | — |
| S&P Target Risk Growth Index | +17.00 | +12.60 | +9.24 | +6.33 | +8.05 | — | — |
| S&P Target Risk Growth Total Return Index | +13.26 | +4.80 | +7.24 | +6.08 | +7.64 | — | — |
| S&P Target Risk Growth Index | +13.47 | +5.06 | +7.51 | +6.34 | +7.91 | — | — |
Inception Date - Class I:April 3, 1989
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 Portfolio. 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 Portfolio's prospectus for more information. The expense limits will continue through at least 2020-05-01. The Portfolio is operating under the contractual expense limits.
The Standard and Poor's Target Risk Growth Index is a broad-based index that seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The index is fully investable, with varying levels of exposure to equities and fixed-income through a family of exchange-traded funds. The index offers increased exposure to equities, while also using some fixed-income exposure to diversify risk. The index returns include the reinvestment of dividends and distributions net of withholding taxes, but do not reflect fees, brokerage commissions, or other expenses. Investors cannot directly invest in an index.
Yields
As of October 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. | 2.08 |
| 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). | 2.08 |
| 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. | 2.34 |
| 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. | 2.34 |
Returns Based Statistics
As of November 30, 2019
| 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. | 7.74 | 7.85 | 8.67 |
| 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. | 1.11 | 1.10 | 1.10 |
| 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. | 96.82 | 96.40 | 96.94 |
| 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. | -1.48 | -1.00 | -0.54 |
| 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. | 0.86 | 0.59 | 0.86 |
| 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. | -0.49 | -0.35 | 0.05 |
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 12/31/2009 through 11/30/2019
Ending Value: $21,328.00
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
Portfolio Statistics
As of November 30, 2019
| Net Assets millions Net Assets: The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding. | $369.7 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 1,258 |
| Duration years | 5.99 |
| Weighted Average Life years Weighted Average Life: The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes. | 6.59 |
| Total |
Top Holdings
% of Total Investments as of October 31, 2019
| Vanguard Value ETF | 5.03 |
| iShares Core S&P 500 ETF | 4.04 |
| iShares Core MSCI Emerging Markets ETF | 4.00 |
| Voya High Yield Bond Fund - Class P | 3.98 |
| Voya Floating Rate Fund - Class P | 2.99 |
| Voya Strategic Income Opportunities Fund - Class P | 2.98 |
| Voya Small Company Fund - Class R6 | 2.51 |
| Schwab U.S. TIPS ETF | 1.99 |
| Voya Short Term Bond Fund - Class R6 | 1.99 |
| Microsoft Corp. | 1.45 |
| Total | #,###.2 |
Portfolio Composition
as of November 30, 2019
| Stocks | 48.93 |
| Other | 32.18 |
| Bonds | 15.14 |
| Short Terms | 3.75 |
| Total | #,###.2 |
Top Country Weightings
% of Total Investments as of November 30, 2019
| United States | 86.88 |
| Japan | 1.90 |
| United Kingdom | 1.49 |
| France | 0.95 |
| Netherlands | 0.92 |
| Australia | 0.54 |
| Switzerland | 0.51 |
| Germany | 0.43 |
| Sweden | 0.27 |
| Hong Kong | 0.22 |
| Total | #,###.2 |
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Ratings
Distributions
Distributions
Payment Frequency: Semi-Annually
| Ex-Date
Ex-Date: Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date. | Payable Date
Payable Date: Date on which a declared stock dividend or a bond interest payment is scheduled to be paid. | Record Date
Record Date: Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend. | Amount | |
|---|---|---|---|---|
| Income Dividend | 05/13/2019 | 05/14/2019 | 05/10/2019 | $0.367600 |
| Long-Term Capital Gain | 05/13/2019 | 05/14/2019 | 05/10/2019 | $0.614900 |
| Totals: $0.982500 | ||||
Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
Barbara Reinhard, CFA
Head of Asset Allocation
Years of Experience: 30
Years with Voya: 3
Matt Toms, CFA
Chief Investment Officer, Fixed Income
Years of Experience: 25
Years with Voya: 10
Paul Zemsky, CFA
Chief Investment Officer, Multi-Asset Strategies and Solutions
Years of Experience: 35
Years with Voya: 14
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Securities of Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Convertible Securities with longer maturities tend to be more sensitive to changes in interest rates, usually making them more volatile than convertible securities with shorter maturities. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. The Portfolio may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Portfolio performance. High-Yield Securities, or “junk bonds”, are rated lower than investment-grade bonds because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. To the extent that the Portfolio invests in Mortgage-Related Securities, its exposure to prepayment and extension risks may be greater than investments in other fixed-income securities. The Portfolio may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Portfolio performance. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. As Interest Rates rise, bond prices fall, reducing the value of the Portfolio’s share price. Other risks of the Portfolio include but are not limited to: Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Securities Lending Risks; Portfolio Turnover Risks; Credit Risks; Extension Risks; Investment Models Risks; Municipal Securities Risks; Other Investment Companies Risks; Prepayment Risks; Price Volatility Risks; U.S. Government Securities and Obligations Risks; Inability to Sell Securities Risks; Portfolio Turnover Risks; and Securities Lending Risks. Investors should consult the Portfolio’s Prospectus and Statement of Additional Information for a more detailed discussion of the Portfolio’s risks.