Voya 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.
Product Facts
| Ticker Symbol | ISWIX |
| CUSIP | 92914H104 |
| Inception Date | April 29, 2005 |
| Dividends Paid | Semi-Annually |
About this Product
The Voya 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.
The Voya 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 End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +1.00 | +3.15 | -0.43 | +2.96 | +3.41 | 0.74% | 0.68% |
| With Sales Charge | +1.00 | +3.15 | -0.43 | +2.96 | +3.41 | ||
| Net Asset Value | +2.96 | +6.52 | +0.07 | +2.76 | +3.83 | 0.74% | 0.68% |
| With Sales Charge | +2.96 | +6.52 | +0.07 | +2.76 | +3.83 | ||
| S&P Target Date Retirement Income Index | +0.92 | +3.71 | -0.13 | +2.83 | +3.13 | — | — |
| Russell 3000 Index | +9.41 | +8.38 | +9.19 | +10.23 | +10.52 | — | — |
| S&P Target Date Retirement Income Index | +2.75 | +7.38 | +0.22 | +2.59 | +3.48 | — | — |
| Russell 3000 Index | +12.39 | +20.46 | +9.38 | +9.14 | +11.28 | — | — |
Inception Date - Class I:April 29, 2005
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 S&P Target Date® Index Series consists of twelve multi-asset class indices, each corresponding to a particular target retirement date. The benchmark asset allocation and glide path for each index in the series is determined once a year and represents market consensus across the universe of target date fund managers. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot directly invest in an index.
Past performance does not guarantee future results.
Yields
As of October 31, 2023
| 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. | 2.86 |
| 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). | 2.94 |
| 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. | 3.53 |
| 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. | 3.53 |
Returns-Based Characteristics
As of October 31, 2023
| 3 Year | 5 Year | 10 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. | 0.11 | 0.04 | 0.01 |
| 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. | 1.16 | 1.16 | 1.16 |
| 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. | -0.19 | 0.07 | 0.20 |
| 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 | 0.98 |
| 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. | -0.30 | 0.12 | 0.32 |
| 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. | 8.93 | 8.71 | 6.74 |
Growth of a $10,000 Investment
For the period 11/30/2013 through 10/31/2023
Ending Value: $13,983.00
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. | $180.3 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 20 |
| Total |
Top Holdings
% of Total Investments as of October 31, 2023
| Voya Intermediate Bond R6 | 23.67 |
| VY BrandywineGLOBAL – Bond Portfolio | 11.45 |
| Schwab US TIPS ETF | 10.57 |
| VY T. Rowe Price Capital Apprec R6 | 10.10 |
| VY T. Rowe Price Capital Apprec R6 | 10.10 |
| Voya Short Term Bond R6 | 9.45 |
| Voya US High Dividend Low Volatility R6 | 6.07 |
| Voya High Yield Bond R6 | 4.13 |
| Voya Russell Large Cap Growth Index I | 3.52 |
| Voya Global Bond R6 | 2.98 |
| Total | #,###.2 |
Portfolio Composition
as of October 31, 2023
| Long Govt Bonds | 1.87 |
| US Small Cap | 0.96 |
| Emerging Markets | 1.94 |
| US Mid Cap Blend | 1.91 |
| High Yield | 4.13 |
| International Bonds | 2.98 |
| US Large Value | 6.07 |
| US Large Growth | 6.04 |
| International | 6.35 |
| Short Duration | 9.45 |
| TIPS | 10.57 |
| US Large Blend | 12.61 |
| Core Fixed Income | 45.23 |
| Total | #,###.2 |
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
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 | 08/03/2023 | 08/04/2023 | 08/02/2023 | $0.330100 |
| Long-Term Capital Gain | 08/03/2023 | 08/04/2023 | 08/02/2023 | $0.094000 |
| Totals: $0.424100 | ||||
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
Managing Director, Head of Asset Allocation
Years of Experience: 30
Years with Voya: 7
Paul Zemsky, CFA
Chief Investment Officer, Multi-Asset Strategies and Solutions
Years of Experience: 39
Years with Voya: 18
Lanyon Blair, CFA, CAIA
Senior Vice President, Head of Manager Research and Selection
Years of Experience: 15
Years with Voya: 8
Disclosures
Principal Risks
As with any portfolio, you could lose money on your investment in the Voya Solution Portfolios. 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 Solution Portfolios. There is a risk that you could achieve better returns in an underlying portfolio or other portfolios representing a single asset class than in the Voya Solution Portfolios. 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. 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 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 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.