Voya Mid Cap Research Enhanced Index Fund
Bringing fundamental and quantitative methods together to harness the growth potential of mid-caps .
About this Product
- Seeks long-term capital growth by investing in a portfolio of securities of mid-capitalization companies
- Incorporates research from both the fundamental equity team and proprietary quantitative models
- Optimization techniques are used to minimize style and sector biases, while keeping risk low relative to the benchmark
The Fund seeks long-term capital growth.
Average Annual Total Returns %
As of February 29, 2020
As of December 31, 2019
|Most Recent Month End||YTD||1 YR||3 YR||5 YR||10 YR||Expense Ratios|
|Net Asset Value||-12.86||-5.25||+0.77||+2.29||+8.43||1.14%||0.95%|
|With Sales Charge||-17.89||-10.67||-1.20||+1.08||+8.10|
|Net Asset Value||+26.54||+26.54||+6.92||+5.53||+10.17||1.14%||0.95%|
|With Sales Charge||+19.30||+19.30||+4.83||+4.29||+9.83|
|S&P MidCap 400 Index||-11.86||-3.39||+3.29||+5.49||+11.11||—||—|
|S&P MidCap 400 Index||+26.20||+26.20||+9.26||+9.03||+12.72||—||—|
Inception Date - Class A:February 3, 1998
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 Adviser has contractually agreed to limit expenses of the Fund. 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 Fund's prospectus for more information. The expense limits will continue through at least 2020-10-01. Expenses are being waived to the contractual cap.
The S&P MidCap 400 Index is an unmanaged capitalization-weighted index of common stocks representing all major industries in the mid range of the U.S. stock market. The index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index
Returns Based Statistics
As of February 29, 2020
|3 Year||5 Year||10 Year|
A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.
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.
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.
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.
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.
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.
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 04/30/2010 through 03/31/2020
Ending Value: $16,392.00
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 Management Team
Voya Investments, LLC
Voya Investment Management Co. LLC
Vincent Costa, CFA
Head of Global Quantitative Equities
Years of Experience: 35
Years with Voya: 14
Peg DiOrio, CFA
Head of Quantitative Equity Portfolio Management
Years of Experience: 27
Years with Voya: 8
Years of Experience: 32
Years with Voya: 8
Kai Yee Wong
Years of Experience: 28
Years with Voya: 8
Investment Risks: All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. Mid-Cap Stocks generally have higher risk characteristics than large cap stocks. Other risks of the Fund include but are not limited to: Investment Model: A manager’s proprietary model may not adequately allow for existing or unforeseen market factors or the interplay between such factors. Mistakes in the construction and implementation of the investment models may create errors or limitations that might go undetected. There is no guarantee that the use of these investment models will result in effective investment decisions. Other Investment Companies Risks; Price Volatility Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.