Voya Multi-Manager International Small Cap Fund - Class A

Class A: NTKLX
Class C: NARCX
Class I: NAPIX
Class W: ISCWX
For more information call 1 (800) 334-3444
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Voya Multi-Manager International Small Cap Fund

A disciplined approach to discovering long-term growth opportunities among small cap companies outside of the U.S.

Daily Prices

as of December 12, 2018

Net Asset Value (NAV)$51.85
% Change+1.61
$ Change+0.82
YTD Return-19.19%

Product Facts

Ticker SymbolNTKLX
CUSIP92913X779
Inception DateAugust 31, 1994
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

  • Invests primarily in securities of small market capitalization companies located outside the U.S., including emerging markets
  • Acadian Asset Management LLC, Victory Capital Management Inc., and Wellington Management Company, LLP provide the day-to-day management of the Fund. The sub-advisors act independently of each other and use their own complementary methodology for selecting investments.

Investment Objective

The Fund seeks maximum 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.

Wellington Management Company, LLP

Investment Sub-Adviser

Wellington Management Company LLP (“Wellington Management” or “Sub-Adviser”) is a Delaware limited liability partnership. Wellington Management is a professional investment counseling firm which provides investment services to investment companies, employee benefit plans, endowments, foundations, and other institutions. Wellington Management and its predecessor organizations have provided investment advisory services for over 80 years. Wellington Management is owned by the partners of Wellington Management Group LLP, a Massachusetts limited liability partnership. The principal address of Wellington Management is 280 Congress Street, Boston, Massachusetts 02210. As of December 31, 2015, Wellington Management had investment management authority with respect to approximately $926 billion in assets.

Acadian Asset Management, LLC

Investment Sub-Adviser

Acadian Asset Management LLC (“Acadian” or “Sub-Adviser”), is a registered investment adviser and a subsidiary of Acadian OMAM Affiliate Holdings LLC, which is an indirectly wholly-owned subsidiary of Old Mutual plc, a publicly listed company on the NYSE. Acadian is a U.S. Securities and Exchange Commission-registered investment adviser and Boston-headquartered investment management firm that, along with its wholly owned Australia, Singapore, Japan, and U.K. affiliates, specializes in the active investment management of global and international equity strategies. The principal address of Acadian is 260 Franklin Street, Boston, MA 02110. As of December 31, 2015, Acadian had assets under management of approximately $66 billion.

Victory Capital

Investment Sub-Adviser

Victory Capital Management Inc. (“Victory Capital” or “Sub-Adviser”) is a New York corporation registered as an investment adviser with the SEC. The principal address of Victory Capital is 4900 Tiedeman Road, 4th Floor, Brooklyn, Ohio 44144. As of December 31, 2015, Victory Capital had approximately $33.1 billion in assets under management.

Brendan O Bradley, PhD

Portfolio Manager

Managed Fund since 2015

More Info
Brendan O. Bradley, Ph.D., Senior Vice President, and Director of Portfolio Management, joined Acadian in September 2004 as a senior member of the Research and Portfolio Management teams. In 2010, he was appointed Director of Managed Volatility Strategies, and in 2013, became Director of Portfolio Management, overseeing portfolio management policy.

John R Chisholm, CFA

Portfolio Manager

Managed Fund since 2005

More Info
John R. Chisholm, CFA, Executive Vice President, and Chief Investment Officer, joined Acadian in July 1987. He oversees Acadian’s investment process and investment team, and actively manages Acadian portfolios and directs research.

John W Evers, CFA

Portfolio Manager

Managed Fund since 2015

More Info
John W. Evers, CFA, Senior Portfolio Manager has been with Victory Capital’s Trivalent Investments since 2014. From 2007-2014, Mr. Evers was a Senior Portfolio Manager of Munder Capital Management.

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.

Daniel B LeVan, CFA

Portfolio Manager

Managed Fund since 2015

More Info
Daniel B. LeVan, CFA, Lead Portfolio Manager, Chief Investment Officer of Victory Capital’s Trivalent Investments has been with Victory Capital since 2014. From 2007-2014, Mr. LeVan was a Senior Portfolio Manager of Munder Capital Management.

Daniel Maguire

Portfolio Manager

Managed Fund since 2013

More Info
Daniel Maguire, CFA, Senior Managing Director and Equity Portfolio Manager affiliated with Wellington Management and located outside the U.S. Mr. Maguire joined Wellington Management as an investment professional in 2004.

Simon H Thomas

Portfolio Manager

Managed Fund since 2013

More Info
Simon H. Thomas, Senior Managing Director and Equity Portfolio Manager joined Wellington Management as an investment professional in 2002.

Brian K Wolahan, CFA

Portfolio Manager

Managed Fund since 2009

More Info
Brian K. Wolahan, CFA, Senior Vice President, and Senior Portfolio Manager, joined Acadian in March 1990. Prior to his current role as Senior Portfolio Manager, he served as Director, Portfolio Management overseeing the portfolio management policy, as well as co-Director of Research responsible for developing and applying investment techniques to evaluate markets and securities.

Paul Zemsky, CFA

Managed Fund since 2018

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 November 30, 2018

As of September 30, 2018

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-15.62-13.32+4.29+3.21+11.091.74%1.55%
With Sales Charge-20.46-18.29+2.25+2.00+10.43
Net Asset Value-3.79+1.30+10.79+6.98+8.391.74%1.55%
With Sales Charge-9.31-4.53+8.62+5.72+7.75
S&P Developed Ex-U.S. SmallCap Index-12.71-10.11+6.28+4.66+11.56
S&P Developed Ex-U.S. SmallCap Index-2.22+3.89+12.22+7.76+9.00

Inception Date - Class A:August 31, 1994

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 November 30, 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.

12.7811.7117.17
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.

1.010.981.01
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.

93.4694.1996.48
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.

-1.86-1.28-0.45
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.

0.320.280.68
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.

3.282.843.22
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.

-0.60-0.51-0.15

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 12/31/2008 through 11/30/2018

Ending Value: $28,626.00

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 November 30, 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.

$170.9
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

1,032
Total

Top Holdings

% of Total Investments as of November 30, 2018

Yuasa Trading Co., Ltd.0.83
Tecan Group AG0.80
Thanachart Capital PCL0.79
UbiSoft Entertainment0.78
B&M European Value Retail SA0.68
Kongsberg Gruppen ASA0.63
Mellanox Technologies Ltd.0.59
West Fraser Timber Co., Ltd.0.56
Nippon Shinyaku Co., Ltd.0.56
Hikma Pharmaceuticals PLC0.55
Total#,###.2

Portfolio Composition

as of November 30, 2018

Stocks98.52
Short Terms1.15
Other0.34
Total#,###.2

Sector Weightings

% of Total Investments as of November 30, 2018

Industrials25.26
Consumer Discretionary12.82
Health Care11.13
Materials11.09
Information Technology11.07
Financials9.13
Real Estate5.60
Energy5.09
Communication Services3.67
Consumer Staples3.31
Utilities1.55
Not Classified - Mutual Fund0.29
Total#,###.2

Top Country Weightings

% of Total Investments as of November 30, 2018

Japan25.66
United Kingdom13.40
Canada7.42
France5.76
Australia5.62
Italy4.52
Switzerland4.46
Germany4.33
South Korea3.16
Sweden2.76
Total#,###.2

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

Distributions

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
Income Dividend12/15/201712/18/201712/14/2017$0.562000
Totals: $0.562000

Ratings

Morningstar™ Ratings

As of November 30, 2018

Overall3 Year5 Year10 Year
89 Funds89 Funds66 Funds50 Funds

Category: Fund Foreign Small/Mid 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. In exchange for higher growth potential, investing in stocks of Smaller Companies may entail greater price volatility and less liquidity than investing in stocks of 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. 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. Prices of Value-Oriented Securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions. Other risks of the Fund include but are not limited to: Convertible 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.