A disciplined approach to discovering long-term value opportunities among U.S. and non-U.S. mid-cap companies.

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Product Facts

Ticker SymbolIMCVX
CUSIP92913K793
Inception DateOctober 3, 2011
Dividends PaidAnnually
Min. Initial Investment$250,000.00
  • The Fund normally invests at least 80% of its net assets in common stocks of mid-capitalization companies that fall within the collective range of companies within the Russell Midcap® Index and the S&P MidCap 400 Index.
  • The Fund focuses on securities that the sub-advisers believe are undervalued in the marketplace.
  • The Fund expects to invest primarily in securities of U.S.-based companies, but may also invest in securities of foreign (non-U.S.) companies.
  • The Fund may also invest up to 20% of its net assets in real estate investment trusts (“REITs”)
  • Voya Investment Management Co., LLC and Victory Capital Management Inc. provide the day-to-day management of the Fund and utilize their own respective methodologies when selecting investments

The Fund seeks long-term capital appreciation.

  • The Fund normally invests at least 80% of its net assets in common stocks of mid-capitalization companies that fall within the collective range of companies within the Russell Midcap® Index and the S&P MidCap 400 Index.
  • The Fund focuses on securities that the sub-advisers believe are undervalued in the marketplace.
  • The Fund expects to invest primarily in securities of U.S.-based companies, but may also invest in securities of foreign (non-U.S.) companies.
  • The Fund may also invest up to 20% of its net assets in real estate investment trusts (“REITs”)
  • Voya Investment Management Co., LLC and Victory Capital Management Inc. provide the day-to-day management of the Fund and utilize their own respective methodologies when selecting investments

The Fund seeks long-term capital appreciation.

Performance

Average Annual Total Returns %

As of July 31, 2025

As of June 30, 2025

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+1.91+1.93+6.96+11.72+6.960.80%0.79%
With Sales Charge+1.91+1.93+6.96+11.72+6.96
Net Asset Value+0.42+6.21+9.36+12.23+6.780.80%0.79%
With Sales Charge+0.42+6.21+9.36+12.23+6.78
Russell Midcap Value Index+4.97+7.06+8.96+13.07+8.60
Russell Midcap Value Index+3.12+11.53+11.34+13.71+8.39

Inception Date - Class I: October 3, 2011

Current Maximum Sales Charge: 0.00%

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.

Growth of a $10,000 Investment

For the period 08/31/2015 through 07/31/2025

Ending Value: $19,603.00

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.

Average Annual Total Returns %

As of July 31, 2025

As of June 30, 2025

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+1.91+1.93+6.96+11.72+6.960.80%0.79%
With Sales Charge+1.91+1.93+6.96+11.72+6.96
Net Asset Value+0.42+6.21+9.36+12.23+6.780.80%0.79%
With Sales Charge+0.42+6.21+9.36+12.23+6.78
Russell Midcap Value Index+4.97+7.06+8.96+13.07+8.60
Russell Midcap Value Index+3.12+11.53+11.34+13.71+8.39

Inception Date - Class I: October 3, 2011

Current Maximum Sales Charge: 0.00%

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.

Growth of a $10,000 Investment

For the period 08/31/2015 through 07/31/2025

Ending Value: $19,603.00

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.

Investment Team

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Company; Currency; Derivative Instruments; Environmental, Social, and Governance (Multi-Manager); Focused Investing (Index); Foreign (Non-U.S.) Investments; Index Strategy (Fund); Industrials Sector (Focused Investing Index); Investment Model; Liquidity; Market; Market Disruption and Geopolitical; Mid-Capitalization Company; Other Investment Companies; Real Estate Companies and Real Estate Investment Trusts; Securities Lending; Value Investing. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.

The fund discussed may be available to you as part of your employer sponsored retirement plan. There may be additional plan level fees resulting in personal performance that varies from stated performance. Please call your benefits office for more information.

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