Voya Global Diversified Payment Fund is proposed to merge into Voya Global Income & Growth Fund pending shareholder vote on or about October 10, 2024. If approved the merger will take place on or about October 25, 2024. See prospectus for details.
In today’s environment of evolving market cycles, finding sources of consistent income can be daunting. While there are many options, each come with their own advantages and drawbacks. Some can produce predictable monthly payments while others can offer growth potential and daily liquidity should circumstances change. Yet few, if any, can offer all three. Meanwhile, most income investments tend to focus on a narrow range of asset classes and factors, leading to less overall portfolio diversification than many investors may even realize.
Product Facts
| Ticker Symbol | VYGQX |
| CUSIP | 92914A463 |
| Inception Date | July 1, 2008 |
| Dividends Paid | Monthly |
| Min. Initial Investment | $1,000.00 |
About this Product
- Coupled with a managed payment policy, the Fund invests in a combination of Voya Funds which are invested in global equity, fixed-income, and which may include floating rate loans, emerging markets debt, and real estate securities
- Seeks to make level, monthly payments per share, re-set annually*
- Designed for retired investors or investors nearing retirement who seek stable level of monthly payments from their investment in the Fund as well as growth potential and global diversification
Investment Objective
The Fund seeks to meet the managed payment policy of the Fund, while seeking to preserve investors' capital over the long term. The Fund's secondary investment objective is to seek potential long-term capital appreciation.
Performance
Average Annual Total Returns %
As of September 30, 2024
As of September 30, 2024
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | +11.47 | +21.46 | +2.76 | +5.84 | +4.77 | 1.13% | 1.13% |
| With Sales Charge | +5.07 | +14.55 | +0.74 | +4.61 | +4.14 | ||
| Net Asset Value | +11.47 | +21.46 | +2.76 | +5.84 | +4.77 | 1.13% | 1.13% |
| With Sales Charge | +5.07 | +14.55 | +0.74 | +4.61 | +4.14 | ||
| S&P Target Risk Moderate Index | +10.16 | +19.41 | +2.89 | +5.35 | +5.20 | — | — |
| 60% MSCI All Country World Index/ 40% Bloomberg U.S. Aggregate Bond Index | +12.82 | +23.38 | +4.37 | +7.58 | +6.54 | — | — |
| S&P Target Risk Moderate Index | +10.16 | +19.41 | +2.89 | +5.35 | +5.20 | — | — |
| 60% MSCI All Country World Index/ 40% Bloomberg U.S. Aggregate Bond Index | +12.82 | +23.38 | +4.37 | +7.58 | +6.54 | — | — |
Inception Date - Class A:July 1, 2008
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 S&P Target Risk Moderate Index offers significant exposure to fixed income, while also increasing opportunities for higher returns through equities. Investors cannot invest directly in an index.
Effective February 28, 2019, the Fund changed its benchmark from the S&P Target Risk Growth Index to S&P Target Risk Moderate Index.
Yields
As of September 30, 2024
| 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. | 2.72 |
| 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). | 2.09 |
| 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. | 6.55 |
| 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. | 6.18 |
Returns-Based Characteristics
As of September 30, 2024
| 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. | 0.21 | -0.20 | -1.32 |
| 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. | 1.18 | 1.35 | 1.32 |
| 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. | -0.04 | 0.10 | -0.12 |
| 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. | 0.95 | 0.93 | 0.93 |
| 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. | -0.09 | 0.25 | 0.29 |
| 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. | 12.80 | 13.63 | 10.57 |
Growth of a $10,000 Investment
For the period 10/31/2014 through 09/30/2024
Ending Value: $15,927.00
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 September 30, 2024
| 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. | $258.1 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 18 |
| Total |
Top Holdings
% of Total Investments as of September 30, 2024
| Voya Multi-Manager International Equity I | 23.68 |
| Voya Intermediate Bond R6 | 13.38 |
| Nuveen S&P 500 Index Fund | 11.44 |
| Voya Large Cap Value R6 | 10.73 |
| Voya Global Bond R6 | 7.94 |
| Voya Large-Cap Growth R6 | 7.61 |
| Voya High Yield Bond R6 | 6.83 |
| Voya Short Duration High Income Fund R6 | 5.69 |
| TOPIX INDEX DEC24 FUTURE | 4.28 |
| Voya Small Company R6 | 3.45 |
| Total | #,###.2 |
Portfolio Composition
as of September 30, 2024
| Emerging Markets | -2.58 |
| US Treasury Bill 3M | -0.31 |
| Short Duration | -2.43 |
| Senior Debt | 2.30 |
| TIPS | 2.28 |
| Japan Equity | 4.28 |
| US Small Cap | 3.45 |
| US Mid Cap Blend | 5.93 |
| Global Real Estate | 5.75 |
| International Bonds | 7.94 |
| US Large Growth | 7.61 |
| US Large Value | 10.73 |
| US Large Blend | 11.44 |
| High Yield | 12.52 |
| Core Fixed Income | 13.38 |
| International | 17.74 |
| Total | #,###.2 |
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Ratings
Distributions
Payment Frequency: Monthly
| 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 | |
|---|---|---|---|---|
| Managed Payment | 09/30/2024 | 10/01/2024 | 09/27/2024 | $0.038000 |
| Managed Payment | 08/30/2024 | 09/03/2024 | 08/29/2024 | $0.038000 |
| Managed Payment | 06/28/2024 | 07/01/2024 | 06/27/2024 | $0.038000 |
| Managed Payment | 05/31/2024 | 06/03/2024 | 05/30/2024 | $0.038000 |
| Managed Payment | 04/30/2024 | 05/01/2024 | 04/29/2024 | $0.038000 |
| Managed Payment | 03/28/2024 | 04/01/2024 | 03/27/2024 | $0.038000 |
| Managed Payment | 02/29/2024 | 03/01/2024 | 02/28/2024 | $0.038000 |
| Managed Payment | 01/31/2024 | 02/01/2024 | 01/30/2024 | $0.038000 |
| Managed Payment | 12/29/2023 | 01/02/2024 | 12/28/2023 | $0.038000 |
| Managed Payment | 11/30/2023 | 12/01/2023 | 11/29/2023 | $0.038000 |
| Managed Payment | 10/31/2023 | 11/01/2023 | 10/30/2023 | $0.038000 |
| Managed Payment | 09/29/2023 | 10/02/2023 | 09/28/2023 | $0.038000 |
| Totals: $0.456000 | ||||
The Fund's managed payment policy is designed to make consistent payments once per month throughout each calendar year, excluding any additional distributions required to comply with applicable law. Under the managed payment policy, the dollar amount of the Fund's scheduled monthly payments for a particular calendar year generally will increase or decrease each January based on the Fund's performance over the previous three years. Accordingly, the dollar amount of the Fund's monthly cash payments could go up or down substantially from one year to the next and over time depending on, among other things, the performance of the financial markets in which the Fund invests, the allocation of Fund assets across different asset classes and investments, the performance of the Fund's investment strategies and the amount and timing of prior payments by the Fund. It is also possible for your payments from the Fund to go down substantially from one year to the next and over time, depending on the timing of your investments in the Fund. Any redemptions you make from your Fund account will proportionately reduce the amount of future cash payments you will receive from the Fund unless a shareholder elects otherwise. Special distributions at year-end will be automatically reinvested in additional shares of the Fund unless a shareholder elects otherwise. You may redeem such additional shares like any other share, however such a redemption may result in a significant decrease in the aggregate monthly payment received. Please also note if a shareholder elects to receive any annual special distribution in cash rather than in additional share this will proportionally reduce the amount of future cash distributions received from the Fund. Your principal amount invested may lose value over short, intermediate or long periods of time, and performance of the Fund may have negative consequences on returns.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
Barbara Reinhard, CFA
Senior Managing Director, Chief Investment Officer, Multi-Asset Strategies and Solutions
Years of Experience: 31
Years with Voya: 8
Lanyon Blair, CFA, CAIA
Head of Manager Research and Selection
Years of Experience: 16
Years with Voya: 9
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Affiliated Underlying Funds; Asset Allocation; Commodities; Company; Credit; Credit Default Swaps; Currency; Derivative Instruments; Environmental, Social, and Governance (Funds-of-Funds); Floating Rate Loans; Foreign (Non-U.S.) Investments/ Developing and Emerging Markets; Growth Investing; High-Yield Securities; Index Strategy (Funds-of-Funds); Interest in Loans; Interest Rate; Investment Model; Liquidity; Managed Payment; Market; Market Capitalization; Market Disruption and Geopolitical; Prepayment and Extension; Real Estate Companies and Real Estate Investment Trusts; Underlying Funds; Value Investing. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.
Risks specific to Managed Payment: The Fund is expected to make monthly payments under its Managed Payment Policy regardless of the Fund's investment performance. Because these payments will be made from Fund assets, the Fund's monthly payments may reduce the amount of assets available for investment by the Fund. It is possible for the Fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its payments to shareholders under the Managed Payment Policy. The Fund may, under its Managed Payment Policy, return capital to shareholders which will decrease their costs basis in the Fund and will affect the amount of any capital gain or loss that shareholders realize when selling or exchanging their Fund shares.