VY Clarion Global Real Estate Portfolio | Voya Investment Management

VY Clarion Global Real Estate Portfolio - Class I

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VY Clarion Global Real Estate Portfolio

The Portfolio seeks to provide investors high total return consisting of capital appreciation and current income.

Daily Prices

as of January 14, 2022

Net Asset Value (NAV)$13.19
% Change-0.83
$ Change-0.11
YTD Return-4.35%

Product Facts

Ticker SymbolIRGIX
CUSIP92914E812
Inception DateJanuary 3, 2006
Dividends PaidQuarterly

About this Product

  • Invests primarily in small, mid and large-cap stocks in a number of different countries, including the U.S., that own, operate, develop or manage real estate
  • Sub-Advised by CBRE Clarion Securities (CBRE Clarion)—one of the world’s largest real estate companies, with a presence around the globe
  • Increased adoption of REIT type structure globally may spur growth of public real estate sector and potentially increase dividend yields 

Investment Objective

The Portfolio seeks to provide investors high total return consisting of capital appreciation and current income.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of December 31, 2021

As of December 31, 2021

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+34.47+34.47+16.87+10.10+9.171.08%0.87%
With Sales Charge+34.47+34.47+16.87+10.10+9.17
Net Asset Value+34.47+34.47+16.87+10.10+9.171.08%0.87%
With Sales Charge+34.47+34.47+16.87+10.10+9.17
FTSE EPRA Nareit Developed Index+26.09+26.09+11.82+7.81+8.64
FTSE EPRA Nareit Developed Index+26.09+26.09+11.82+7.81+8.64

Inception Date - Class I:January 3, 2006

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.

Yields

As of December 31, 2021

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.

1.41
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).

1.57
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.

2.59
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.

2.59

Returns-Based Characteristics

As of December 31, 2021

3 Year5 Year10 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.

19.3215.9914.59
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.

0.960.960.98
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.

0.990.990.98
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.

4.802.310.62
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.

0.860.620.64
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.

2.671.120.28

Growth of a $10,000 Investment

For the period 01/31/2012 through 12/31/2021

Ending Value: $24,035.00

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 December 31, 2021

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.

$237.5
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

80
Price/FFO
Price/FFO:

Price to Funds From Operations (P/FFO), the REIT equivalent of a security’s Price to Earnings ratio (P/E), is used to measure operating performance which encompasses a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation.

Source: provided by Sub-Adviser

22.60
Weighted Average Market Cap millions
Weighted Average Market Cap:

Source: provided by Sub-Adviser

$32,377.0
Total

Top Holdings

% of Total Investments as of December 31, 2021

ProLogis, Inc.7.39
Simon Property Group, Inc.6.25
Extra Space Storage, Inc.5.04
Invitation Homes, Inc.3.86
Realty Income Corp.3.76
Camden Property Trust3.27
Sun Communities, Inc.3.11
CubeSmart2.60
Duke Realty Corp.2.60
Mid-America Apartment Communities, Inc.2.31
Total#,###.2

Portfolio Composition

as of December 31, 2021

Stocks99.23
Short Terms0.77
Total#,###.2

Sector Weightings

% of Total Investments as of December 31, 2021

Residential20.18
Industrial Properties17.12
Diversified Property Holdings12.61
Self Storage Property11.12
Retail: Enclosed Malls8.60
Net Leased Properties5.74
Office Buildings4.93
Healthcare Facilities4.51
Residential: Hotels3.90
Data Centers3.30
Retail: Community Shopping Centers3.23
Towers3.06
Diversified1.71
Total#,###.2

Top Country Weightings

% of Total Investments as of December 31, 2021

United States62.63
Japan9.17
Hong Kong5.21
Australia4.48
Germany3.97
United Kingdom3.72
Sweden2.91
Singapore2.42
Canada2.17
Belgium1.41
Total#,###.2

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

Distributions

Payment Frequency: Quarterly

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 Dividend07/13/202107/14/202107/12/2021$0.357600
Totals: $0.357600

Investment Team

View Portfolio Adviser/Sub Adviser

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

CBRE Clarion Securities, LLC

Investment Sub-Adviser

CBRE Clarion Securities is an industry-leading global investment management firm specializing in the management of listed real asset securities including real estate, infrastructure, and master limited partnerships (MLPs). CBRE Clarion manages client portfolios with a focus on generating attractive risk-adjusted returns through a total return, income focused, and absolute return-oriented strategies. Headquartered near Philadelphia, Pennsylvania, the firm has over 90 employees located in offices in the United States, United Kingdom, Hong Kong, Japan, and Australia.
T. Ritson Ferguson

T. Ritson Ferguson, CFA

Ritson Ferguson is vice chairman, Listed Real Assets division for CBRE Investment Management. Ritson is a member of the Listed Real Assets Management Committee, Global Investment Committee, and a member of the Global Investment Committee for the firm's listed real assets and private infrastructure businesses. Previously at CBRE, he served in global roles first as Global CIO and then as Global CEO. Prior to that, he was on the global management committee of ING Real Estate Investment Management. Ritson was one of the founding principals who formed the predecessor entity of the firm’s Listed Real Assets business. Earlier in his career, he worked at K.S. Sweet Associates, Trammell Crow Company, Bain & Company and was a Captain in the U.S. Air Force. Ritson earned an MBA from the Wharton School of Business at University of Pennsylvania and a B.S. with honors from Duke University. He is a CFA® Charterholder and a member of National Association of Real Estate Investment Trusts (NAREIT).
Joseph Smith

Joseph P Smith, CFA

Joseph Smith is chief investment officer, Listed Real Assets division for CBRE Investment Management and co-leader of the real estate securities team. Joe is a member of the CBRE Investment Management Executive Committee and Global Investment Committee, and chair of the Listed Real Assets Management Committee. Joe joined CBRE Investment Management’s predecessor firm in 1997. Joe has worked in various management and analyst positions in the industry including positions at Alex Brown & Sons, PaineWebber, and Radnor Advisors. Joe earned an MBA from the Wharton School of Business at University of Pennsylvania and a B.S. with honors from Villanova University. He is a CFA® Charterholder and a member of National Association of Real Estate Investment Trusts (NAREIT).
Christopher Reich

Christopher S Reich, CFA

Christopher Reich is global portfolio manager, Head of Quantitative Research for CBRE Investment Management. His is a member of the Senior Leadership Council, Listed Real Assets Management and Global Investment Policy Committees. Christopher joined CBRE Investment Management’s predecessor firm in 1999. Prior to that, he held various management and analyst positions with UBS Securities, LLC and Accenture. Christopher earned an M.S. in analytics from Villanova University, an MBA, with honors, from Stern School of Business at New York University, and a B.S. with honors from Bucknell University. He is a CFA® Charterholder.

Disclosures

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Concentration of investments in one or more real estate industries, may subject the Portfolio to greater volatility than a portfolio which is less concentrated. Price Volatility, liquidity and other risks that accompany an investment in Global Real Estate Equities. 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 Portfolio include but are not limited to: Convertible Securities Risks; Rule 144A Securities Risks; Initial Public Offerings Risks; Market Trends Risks; Non-Diversification Risks; Other Investment Companies Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Portfolio’s Prospectus and Statement of Additional Information for a more detailed discussion of the Portfolios risks.

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.

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