Voya Index Solution Income Portfolio | Voya Investment Management

Voya Index Solution Income Portfolio - Class I

Morningstar Analyst Rating

Class ADV: ISKAX
Class I: ISKIX
Class S: ISKSX
Class S2: IIIPX
Class Z: VSZJX
For more information call 1 (800) 334-3444
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Voya Index Solution Income Portfolio

The Portfolio seeks to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement.

Daily Prices

as of December 4, 2023

Net Asset Value (NAV)$9.24
% Change-0.32
$ Change-0.03
YTD Return7.21%
Morningstar™ Overall RatingClass I as of 10/31/23Out of 146 FundsCategory: US Fund Target-Date Retirement

Product Facts

Ticker SymbolISKIX
CUSIP92914H674
Inception DateMarch 10, 2008
Dividends PaidAnnually

About this Product

The Voya Index Solution Portfolios are a suite of ten target date fund of funds that are designed to meet the needs of retirement plan investors who prefer a single diversified investment option. These Portfolios satisfy the criteria for qualified default investment alternatives (QDIAs) described in the final regulations implementing the default investment provisions of the Pension Protection Act of 2006. These portfolios invest in passively managed investment options that track different market indices around the world. The underlying investment portfolios are applied to each Voya Index Solution Portfolio based on each target date allocation.

The Voya Index Solution Income Portfolio is designed for people planning to retire in 2017 or before. It is designed to protect assets and generate income that lasts as long as one lives.

Investment Objective

 The Portfolio seeks to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement.

Performance

Average Annual Total Returns %

As of October 31, 2023

As of September 30, 2023

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
GrossNet
Net Asset Value+1.18+3.25-0.51+2.85+3.260.42%0.18%
With Sales Charge+1.18+3.25-0.51+2.85+3.26
Net Asset Value+2.92+6.72-0.28+2.59+3.650.42%0.18%
With Sales Charge+2.92+6.72-0.28+2.59+3.65
S&P Target Date Retirement Income Index+0.92+3.71-0.13+2.83+3.13
S&P Target Date Retirement Income Index+2.75+7.38+0.22+2.59+3.48

Inception Date - Class I:March 10, 2008

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-Based Characteristics

As of October 31, 2023

3 Year5 Year10 Year
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.

-0.05-0.020.00
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.

1.121.061.08
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.

-0.290.010.13
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.

0.990.980.98
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.

-0.310.120.32
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.

8.687.926.27

Growth of a $10,000 Investment

For the period 11/30/2013 through 10/31/2023

Ending Value: $13,789.00

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, 2023

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.

$667.0
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

12
Total

Top Holdings

% of Total Investments as of October 31, 2023

WisdomTree Voya Yield Enhanced USD Universal Bond Fund37.93
Voya VACS Index Series S Portfolio20.36
Schwab US TIPS ETF10.38
Voya VACS Index Series I Portfolio6.39
Voya Short Term Bond R66.10
Voya US Bond Index Port I4.99
Xtrackers USD High Yield Corp Bd ETF4.23
Vanguard Short-Term Corporate3.00
Voya VACS Index Series EM Portfolio1.93
Voya VACS Index Series MC Portfolio1.91
Total#,###.2

Portfolio Composition

as of October 31, 2023

US Small Cap0.94
US Mid Cap Blend1.91
Long Govt Bonds1.87
High Yield4.23
Emerging Markets1.93
International6.39
Short Duration9.09
TIPS10.38
US Large Blend20.36
Core Fixed Income42.91
Total#,###.2

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.

Ratings

Morningstar™ Ratings

As of October 31, 2023

Overall3 Year5 Year10 Year
146 Funds146 Funds130 Funds79 Funds

Category: US Fund Target-Date Retirement

Distributions

Payment Frequency: 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 Dividend08/03/202308/04/202308/02/2023$0.242200
Long-Term Capital Gain08/03/202308/04/202308/02/2023$0.150300
Totals: $0.392500

Investment Team

Disclosures

Principal Risks

As with any portfolio, you could lose money on your investment in a Voya Index Solution Portfolio. Although the strategy seeks to optimize risk-adjusted returns given various time horizons, you still may lose money and experience volatility. Forward looking asset class assumptions and market judgment are used to form the asset allocations for the Voya Index Solution Portfolio. There is risk that you could achieve better returns in an underlying portfolio or other portfolios representing a single asset class than in the Voya Index Solution Portfolio. Please keep in mind, using asset allocation as part of your investment strategy neither assures nor guarantees better performance and cannot protect against loss in declining markets.

The share price of the Portfolios normally changes daily based on changes in the value of the securities that the Portfolios hold. The investment strategies used may not produce the intended results. The principal risks of investing in the Portfolios and the circumstances reasonably likely to cause the value of your investment in the Portfolios to decline include: asset allocation risk, credit risk, debt securities risk, equity securities risk, foreign investment risk, growth investing risk, inflation-indexed bonds risk, interest rate risk, market and company risk, real estate risk, REITs risk, U.S. Government securities and obligations risk, derivatives risk and value investing risk. The Portfolios may invest in Funding Agreements issued by insurers affiliated or unaffiliated with the investment adviser. A Funding Agreement has a stable principal value and typically pays interest at a relatively short-term rate, which is subject to change periodically. If the issuing insurer becomes unable to pay interest or repay principal under the contract, the Portfolios may lose money. Investment in a Funding Agreement is subject to the credit risk of the issuing insurer, and an insurer may be unable to repay the entire amount of principal and interest due under a Funding Agreement if the insurer encounters financial difficulties or becomes insolvent. In the event of an insolvency of the insurer, it is possible that insurance policy holders and other preferred claimants will be paid before the Portfolios. If you would like additional information regarding the risks of the Portfolios' underlying funds, please see "Description of the Investment Objectives, Main Investments and Risks of the Underlying Funds" and the "More Information on Risks" sections of the Prospectus.

The Index Solution Portfolios may only be offered to variable annuity and variable life insurance separate accounts, ("Variable Contracts"), qualified pension and retirement plans which includes plans qualified under Sections 401 of the Internal Revenue Code ("IRC") as well as 403(b) annuity plans, 403(b)(7) custodial accounts, 408(a) individual retirement accounts, eligible governmental and deferred compensation plans under Sections 414(d) or 457(b) or plans described in 501(c)18 of the IRC, certain investment advisers and their affiliates in connection with the creation or management of the Index Solution Portfolios and certain other management investment companies.

An investment in the Portfolio is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.

The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/. The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

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