Voya MidCap Opportunities Fund - Class A

Class A: NMCAX
Class C: NMCCX
Class I: NMCIX
Class R: IMORX
Class R6: IMOZX
Class W: IMOWX
For more information call 1 (800) 334-3444
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Voya MidCap Opportunities Fund

Seeking a More Favorable Risk/Return Trade-off

Mid-Caps have historically delivered stronger returns than both large- and small caps but remain an under-utilized asset class

Daily Prices

as of May 24, 2024

Net Asset Value (NAV)$19.13
% Change+1.00
$ Change+0.19
YTD Return7.17%

Product Facts

Ticker SymbolNMCAX
CUSIP92913K884
Inception DateAugust 20, 1998
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

  • Invests primarily in stocks of mid-sized U.S. companies with above average prospects for growth and which fall within the range of companies in the Russell Midcap® Growth Index
  • Fundamentals-based stock selection seeks companies with positive business momentum, market recognition, and valuations with upside potential
  • Provides investors with access to the underutilized MidCap asset class

Investment Objective

The Fund seeks long-term capital appreciation.

Performance

Average Annual Total Returns %

As of April 30, 2024

As of March 31, 2024

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+3.53+20.96-0.41+9.64+9.951.32%1.26%
With Sales Charge-2.43+14.01-2.36+8.35+9.30
Net Asset Value+10.03+26.91+3.89+12.00+10.431.32%1.26%
With Sales Charge+3.70+19.63+1.86+10.68+9.78
Russell Midcap Index+2.73+16.35+2.41+9.06+9.40
Russell Midcap Growth Index+3.14+20.70+0.70+9.52+10.85
Russell Midcap Index+8.60+22.35+6.07+11.10+9.95
Russell Midcap Growth Index+9.50+26.28+4.62+11.82+11.35

Inception Date - Class A:August 20, 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.

Yields

As of February 28, 2018

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.

-0.33
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).

-0.33

Returns-Based Characteristics

As of April 30, 2024

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.

-1.380.63-0.19
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.

0.920.910.92
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.

0.970.960.96
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.

-0.170.360.49
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.

20.5020.5717.09

Growth of a $10,000 Investment

For the period 05/31/2014 through 04/30/2024

Ending Value: $25,814.00

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 April 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.

$699.1
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

68
P/E next 12 months
P/E:

P/E (next 12 months) calculates the price of a stock divided by its earnings per share.

32.57
P/B trailing 12 months
P/B:

Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value.

10.00
Weighted Average Market Cap millions
Weighted Average Market Cap:

Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock.

$32,264.1
EPS Growth (3-5 Year Estimate)
EPS Growth (3-5 Year Estimate):

The portion of a company's profit allocated to each outstanding share of common stock. EPS growth serves as an indicator of a company's profitability.

14.14
Active Share
Active Share:

Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index.

73.72
Price to Cash Flow
Price to Cash Flow:

The ratio of a stock’s price to its cash flow per share. The price-to-cash flow ratio is an indicator of a stock’s valuation

32.12
ROA %
ROA:

ROA is an indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings.

7.82
Total

Top Holdings

% of Total Investments as of April 30, 2024

CrowdStrike Holdings, Inc. 3.09
Ross Stores, Inc.2.99
Apollo Global Management Inc2.97
Copart, Inc.2.61
DexCom, Inc.2.42
Datadog Inc 2.37
Trade Desk, Inc. 2.35
Cencora, Inc.2.27
LPL Financial Holdings Inc.2.26
TransDigm Group Incorporated2.25
Total#,###.2

Sector Weightings

% of Total Investments as of April 30, 2024

INFORMATION TECHNOLOGY20.69
INDUSTRIALS19.99
HEALTH CARE19.84
CONSUMER DISCRETIONARY11.49
FINANCIALS10.59
COMMUNICATION SERVICES5.25
CONSUMER STAPLES4.49
ENERGY3.81
MATERIALS2.38
REAL ESTATE1.47
UTILITIES0.00
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 April 30, 2024

Overall3 Year5 Year10 Year
511 Funds511 Funds478 Funds385 Funds

Category: US Fund Mid-Cap Growth

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
Long-Term Capital Gain12/12/202312/13/202312/11/2023$0.172800
Totals: $0.172800

Investment Team

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. Investing in stocks of Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. 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. Other risks of the Fund include but are not limited to: Growth Investing Risks; Market Trends Risks; Other Investment Companies’ Risks; Price Volatility Risks; Inability to Sell Securities 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.

The Russell Midcap Growth Index is an unmanaged index that measures the performance of those companies included in the Russell Midcap Index with relatively higher price-to- book ratios and higher forecasted growth values. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000 Index and includes approximately 1,000 of the largest securities based on a combination of the market cap and current index membership. Russell 2000 Index measures the performance of the smallcap segment of the U.S. equity universe. The Russell 2000 Index is a a subset of the Russell 3000 Index. It includes approximately 2,000 of the smallest securities based on a combination of the market cap and current index membership. Investors cannot invest directly in an index.

The Morningstar® Analyst RatingTM is not a credit or risk rating, but a subjective evaluation performed by the analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars (process, performance, people, parent and price). Morningstar’s analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral Rating and a Negative Rating, with Gold being the highest rating and Negative being the lowest rating. Analyst ratings are reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to http://www.morningstar.com/InvGlossary/morningstar-analyst-rating-for-funds.aspx. The Morningstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Morningstar’s current expectations about future events. Morningstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly.

©2022 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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