Voya Multi-Manager Emerging Markets Equity Fund - Class A

Class A: IEMHX
Class C: IEMJX
Class I: IEMGX
Class R: IEMKX
Class W: IEMLX
For more information call 1 (800) 334-3444
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Voya Multi-Manager Emerging Markets Equity Fund

A global approach to discovering long-term growth across asset classes.

Daily Prices

as of August 15, 2018

Net Asset Value (NAV)$11.43
% Change-2.31
$ Change-0.27
YTD Return-14.45%

Product Facts

Ticker SymbolIEMHX
CUSIP92913W714
Inception DateOctober 11, 2011
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

  • The Fund invests at least 80% of its net assets in equity securities of issuers in emerging markets
  • Invests primarily in equity securities, but may also invest in REITs and non-investment grade bonds (high yield or “junk bonds”)
  • The Fund typically maintains full currency exposure to those markets in which it invests; however, it may hedge a portion of its foreign currency exposure into the U.S. dollar

Investment Objective

The Fund seeks long-term capital appreciation.

Management Team

View Fund Advisor/Sub Advisor

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.

J.P. Morgan Investment Management, Inc.

Investment Sub-Adviser

J.P. Morgan Investment Management Inc. (“JPMorgan” or “Sub-Adviser”) is an indirect wholly-owned subsidiary of JPMorgan Chase & Co., a bank holding company. JPMorgan also provides discretionary investment services to institutional clients. The principal address of JPMorgan is 270 Park Avenue, New York, New York 10017. As of December 31, 2015, JPMorgan and its affiliates had approximately $1.7 trillion in assets under management.

Delaware Investments Fund Advisers

Delaware Investments Fund Advisers (“DIFA” or “Sub-Adviser”) is a series of Delaware Management Business Trust (“DMBT”), which is a subsidiary of Delaware Management Holdings, Inc. (“DMHI”). Macquarie Group Limited, an Australian publicly held company (ASX: MQG), indirectly holds, through its subsidiaries, all of the voting equity of DMHI. Delaware Investments is the marketing name for DMHI and its subsidiaries. DMBT is registered with the SEC as an investment adviser and its predecessors have advised publicly offered mutual funds since 1938. The principal address of DIFA is 2005 Market Street, Philadelphia, Pennsylvania 19103. As of December 31, 2015 DMHI and its subsidiaries managed $166 billion in assets under management.

Van Eck Associates Corporation

Van Eck Associates Corporation (“Van Eck” or “Sub-Adviser”) has been an investment adviser since 1955 and also acts as adviser or sub-adviser to other mutual funds, exchange-traded funds, other pooled investment vehicles and separate accounts. Jan F. van Eck and members of his family own 100% of the voting stock of Van Eck. The principal address of Van Eck is 666 Third Avenue, 9th Floor, New York, New York 10017-4033. As of December 31, 2015, Van Eck had approximately $24.85 billion in assets under management.
Halvard Kvaale

Halvard Kvaale, CIMA

Portfolio Manager

Managed Fund since

More Info
Halvard Kvaale is head of manager research and selection for Multi-Asset Strategies and Solutions (MASS) at Voya Investment Management. In this role he is responsible for manager selection and oversight of Voya mutual funds, manager selection and portfolio construction for MASS multi-asset portfolios and selection and oversight for the Voya General Account alternative investment portfolio. Prior to joining Voya in 2012, Halvard was managing director and head of the Morgan Stanley Smith Barney Consulting Group’s portfolio advisory services group. In this role, he was responsible for the management of the firm’s discretionary programs within Morgan Stanley Smith Barney overseeing more than $26 billion in client assets. Upon joining Morgan Stanley, he served as the head of global advisor research in the consulting services group overseeing the research and due diligence of third party investment managers globally. Previously, he served as the head of global manager research and fee-based advisory solutions at Deutsche Bank, and at Prudential Investments he managed the third party consulting programs, ran the investment management analysis unit and the senior consulting group. Halvard graduated from the Norwegian School of Management with an MS in general business, and graduated Summa Cum Laude with an MS in investing from San Francisco State University. Halvard holds a Certified Investment Management Analyst (CIMA) designation from the Wharton School of Business.

Anuj Arora

Portfolio Manager

Managed Fund since 2011

More Info
Anuj Arora, Portfolio Manager, has been at JPMorgan since 2006 and is focused on portfolio construction and quantitative asset allocation for the global emerging markets. Prior to this, he was a quantitative analyst for Mesirow Financial and an analyst at Birkelbach Investment Securities.
Paul Zemsky

Paul Zemsky, CFA

Managed Fund since

More Info
Paul Zemsky is the chief investment officer and founder of the Multi-Asset Strategies and Solutions Team (MASS) at Voya Investment Management. He is responsible for the firm’s suite of value-added, customized and off-the-shelf products and solutions that are supported by the team’s asset allocation, manager research, quantitative research, portfolio implementation and multi-manager capabilities. Prior to joining the firm, he co-founded CaliberOne Private Funds Management, a macro hedge fund. Paul began his career at JPMorgan Investment Management, where he held a number of key positions, including head of investments for over $300 Billion of Fixed Income assets. Paul is a member of the firm’s Management Committee and a board member of Pomona Capital. He holds a dual degree in finance and electrical engineering from the Management and Technology Program at the University of Pennsylvania and holds the Chartered Financial Analyst® designation.

Angus Shillington

Portfolio Manager

Managed Fund since 2015

More Info
Angus Shillington, Assistant Portfolio Manager, joined Van Eck in 2009 and currently serves on the investment team for various funds advised by Van Eck. Prior to joining Van Eck, Mr. Shillington was the Head of International Equity at ABN Amro from 2006 to 2008 and Managing Director at BNP Paribas from 2001 to 2006.

Liu-Er Chen, CFA

Portfolio Manager

Managed Fund since 2011

More Info
Liu-Er Chen, CFA, Senior Vice President and Chief Investment Officer-Emerging Markets and Healthcare, heads DIFA’ global emerging markets team. Prior to joining DIFA in September 2006, he spent nearly 11 years at Evergreen Investment Management Company.

David A Semple

Portfolio Manager

Managed Fund since 2015

More Info
David A. Semple, Portfolio Manager, has been with Van Eck since 1998 and is currently the portfolio manager of various funds advised by Van Eck. Mr. Semple is responsible for asset allocation and stock selection in global emerging markets.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of July 31, 2018

As of June 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
GrossNet
Net Asset Value-7.41+1.94+9.10+4.07+4.391.80%1.59%
With Sales Charge-12.76-3.93+6.97+2.85+3.49
Net Asset Value-9.06+7.11+5.66+4.07+4.171.80%1.59%
With Sales Charge-14.32+0.95+3.59+2.84+3.25
MSCI Emerging Markets Index-4.61+4.36+8.94+5.25+5.18
MSCI Emerging Markets Index-6.66+8.20+5.60+5.01+4.90

Inception Date - Class A:October 11, 2011

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 Based Statistics

As of July 31, 2018

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.

15.9315.60
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.

1.001.02
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.

94.5595.28
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.

0.20-1.16
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.

0.580.31
Tracking Error
Tracking Error:

A measure of how closely the returns of a portfolio tend to follow the returns of the index to which it is benchmarked; specifically, the variability of excess returns around the average.

3.723.41
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.

0.04-0.35

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 10/11/2011 through 07/31/2018

Ending Value: $13,396.00

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 July 31, 2018

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.

$382.4
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

284
Total

Top Holdings

% of Total Investments as of July 31, 2018

Alibaba Group Holding Ltd.5.62
Tencent Holdings Ltd.5.54
Ping An Insurance Group Co. of China Ltd. - H Shares2.61
Samsung Electronics Co., Ltd.2.23
Reliance Industries Ltd.2.22
Samsung Electronics Co., Ltd.1.88
SK Hynix, Inc.1.74
Baidu, Inc.1.73
Taiwan Semiconductor Manufacturing Co., Ltd.1.72
Taiwan Semiconductor Manufacturing Co., Ltd.1.66
Total#,###.2

Portfolio Composition

as of July 31, 2018

Stocks97.11
Short Terms2.67
Other0.22
Total#,###.2

Sector Weightings

% of Total Investments as of July 31, 2018

Information Technology34.31
Financials22.32
Consumer Discretionary12.12
Energy6.54
Materials5.54
Consumer Staples5.51
Industrials4.95
Telecommunication Services4.10
Health Care2.10
Real Estate1.72
Utilities0.57
Not Classified - Mutual Fund0.22
Total#,###.2

Top Country Weightings

% of Total Investments as of July 31, 2018

China31.73
South Korea13.89
Taiwan9.01
Brazil7.72
India7.30
Russia5.09
South Africa3.21
Mexico2.98
Thailand2.35
Turkey2.23
Total#,###.2

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

Distributions

Distributions: Last 12 Months

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
Income Dividend12/15/201712/18/201712/14/2017$0.144900
Totals: $0.144900

Ratings

Morningstar™ Ratings

As of July 31, 2018

Overall3 Year5 Year10 Year
693 Funds693 Funds497 Funds N/A

Category: Fund Diversified Emerging Mkts

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. Prices of Growth Stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. Other risks of the Fund include but are not limited to: Convertible Securities Risks; Market Trends Risks; Other Investment Companies' Risks; Price Volatility Risks; Debt Securities Risks; Inability to Sell Securities Risks; Portfolio Turnover Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.