Voya Multi-Manager International Factors Fund - Class I

Effective close of business on 01/20/17, the Voya International Core Fund changed its name to the Voya Multi-Manager International Factors Fund

Class I: IICFX
Class W: IICWX
For more information call 1 (800) 334-3444
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Voya Multi-Manager International Factors Fund

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

Daily Prices

as of August 13, 2018

Net Asset Value (NAV)$10.20
% Change-0.58
$ Change-0.06
YTD Return-3.86%

Product Facts

Ticker SymbolIICFX
CUSIP92913W631
Inception DateFebruary 8, 2011
Dividends PaidAnnually
Min. Initial Investment$250,000.00

About this Product

  • The Fund normally invests at least 65% of its total assets in equity securities of companies located in a number of different countries other than the United States
  • The Fund may invest in countries with emerging securities markets. The Fund may also invest in depositary receipts of foreign issuers and up to 15% of its assets in real estate investment trusts
  • PanAgora Asset Management, Inc. and Voya Investment Management Co. LLC provide day-to-day management of the Fund. The Sub-Advisers act independently of each other and use their own methodologies for selecting investments.

Investment Objective

The Fund seeks long-term growth of capital

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.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.

PanAgora Asset Management, Inc.

Investment Sub-Adviser

PanAgora Asset Management, Inc. (“PanAgora” or “Sub-Adviser”), a Delaware corporation, is a registered investment adviser located at 470 Atlantic Avenue, 8th Floor, Boston, Massachusetts 02210 and was founded in 1985. As of December 31, 2016, PanAgora had assets under management of approximately $42.8 billion.
Halvard Kvaale

Halvard Kvaale, CIMA

Portfolio Manager

Managed Fund since 2017

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.

Jamie Lee, PhD

Portfolio Manager

Managed Fund since

More Info
Jaime Lee, PhD, Portfolio Manager, and Director of PanAgora, leads PanAgora’s Dynamic Equity Management Team. Dr. Lee joined PanAgora in November of 2015. Prior to joining PanAgora, Dr. Lee was with BlackRock, Inc. since 2007 where she was a Portfolio Manager and Managing Director of the Scientific Active Equity team at BlackRock, Inc.

Oleg Nusinzon, CFA

Portfolio Manager

Managed Fund since

More Info
Oleg Nusinzon, CFA, Portfolio Manager, and Director of PanAgora’s Dynamic Equity Management Team, joined PanAgora in November of 2009. Prior to joining PanAgora, Mr. Nusinzon worked as a Quantitative Research Analyst at Fidelity Management and Research Co.
Steven Wetter

Steven Wetter

Portfolio Manager

Managed Fund since 2017

More Info
Steven Wetter is a portfolio manager on the global quantitative equity team at Voya Investment Management responsible for the index, research enhanced index and smart beta strategies. Prior to joining the firm, he served as Co-Head of International Indexing responsible for managing ETFs, index funds and quantitative portfolios at BNY Mellon, and formerly held similar positions at Northern Trust and Bankers Trust. Steve earned a BA from the University of California at Berkeley, and an MBA in finance (with distinction) from New York University Stern School of Business.
Kai Yee Wong

Kai Yee Wong

Portfolio Manager

Managed Fund since 2017

More Info
Kai Yee Wong is a portfolio manager on the global quantitative equity team at Voya Investment Management responsible for the index, research enhanced index and smart beta strategies. Prior to joining the firm, she worked as a senior equity portfolio manager at Northern Trust responsible for managing various global indices including developed, emerging, real estate, Topix and socially responsible benchmarks. Previously Kai Yee served as a portfolio manager with Deutsche Bank, an assistant treasurer at Bankers Trust and a trust officer at the Bank of Tokyo. She earned a BS from New York University Stern School of Business.
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.

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-0.47+6.00+5.39+6.25+5.000.82%0.75%
Net Asset Value-2.54+6.92+5.36+6.87+4.760.82%0.75%
MSCI EAFE Index-0.36+6.40+5.03+5.86+4.84
MSCI EAFE Index-2.75+6.84+4.90+6.44+4.55

Inception Date - Class I:February 8, 2011

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.

10.7510.33
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.

0.860.87
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.

93.5692.91
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.

0.891.02
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.

0.480.60
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.

3.223.13
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.

0.110.12

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 02/08/2011 through 07/31/2018

Ending Value: $14,401.00

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.

$409.4
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

991
Total

Top Holdings

% of Total Investments as of July 31, 2018

Rio Tinto PLC0.96
Samsung Electronics Co., Ltd.0.85
Hitachi Ltd.0.79
3i Group PLC0.78
UPM-Kymmene OYJ0.78
Amadeus IT Group SA0.76
Sandvik AB0.68
Enel S.p.A.0.67
Novo Nordisk A/S0.67
Sanofi0.62
Total#,###.2

Portfolio Composition

as of July 31, 2018

Stocks98.75
Short Terms0.93
Other0.32
Total#,###.2

Sector Weightings

% of Total Investments as of July 31, 2018

Industrials17.43
Financials15.64
Consumer Discretionary12.85
Materials11.33
Information Technology8.48
Consumer Staples8.30
Real Estate6.98
Health Care5.82
Energy5.61
Utilities4.49
Telecommunication Services2.75
Not Classified - Mutual Fund0.32
Total#,###.2

Top Country Weightings

% of Total Investments as of July 31, 2018

Japan19.73
United Kingdom11.65
France8.80
Australia7.12
Canada6.10
Germany5.98
Switzerland4.40
Hong Kong3.74
Sweden3.69
Netherlands3.69
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$0.334500
Short-Term Capital Gain12/15/201712/18/201712/14/2017$0.321600
Totals: $0.656100

Ratings

Morningstar™ Ratings

As of July 31, 2018

Overall3 Year5 Year10 Year
633 Funds633 Funds536 Funds N/A

Category: Fund Foreign Large Blend

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. 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. Investing in stocks of 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. Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. 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. An investment in securities of Larger Companies carries with it the risk that the company (and its earnings) may grow more slowly than the economy as a whole or not at all. Other risks of the Fund include but are not limited to: Convertible and Debt Securities Risks; Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities 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.