Voya Russia Fund - Class A

Class A: LETRX
Class I: IIRFX
Class W: IWRFX
For more information call 1 (800) 334-3444
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Voya Russia Fund

Tap into the growth and income potential of the Russian equity market.

Daily Prices

as of August 13, 2018

Net Asset Value (NAV)$28.13
% Change0.00
$ Change0.00
YTD Return-5.57%

Product Facts

Ticker SymbolLETRX
CUSIP92913X886
Inception DateJuly 3, 1996
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

  • Normally invests at least 80% of its assets in equity securities of Russian companies
  • Not constrained by investment style or market capitalization
  • Seeks companies undervalued by the market because their pace of development or earnings growth have been underestimated

Investment Objective

The Fund seeks long-term capital appreciation through investment primarily in equity securities of Russian companies.

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.

NNIP Advisors B.V.

Investment Sub-Adviser

NNIP Advisors B.V. (“NNIP Advisors” or “Sub-Adviser”) is a Netherlands corporation organized in 1896 and became an investment advisory company in 1991. NNIP Advisors is registered with the SEC as an investment adviser. NNIP Advisors is a company organized to manage investments and provide investment advice to entities in Canada and United States. The principal address of NNIP Advisors is Schenkkade 65, 2595 AS, The Hague, The Netherlands. As of December 31, 2015, NNIP Advisors had approximately $6.7 billion in assets under management. NNIP Advisors operates under the collective management of NN Investment Partners which, as of December 31, 2015, had approximately $204.2 billion in assets under management.

Renat Nadyukov

Portfolio Manager

Managed Fund since 2013

More Info
Renat Nadyukov, Portfolio Manager with the Emerging Markets Equity Team, joined NNIP Advisors in 2007.

Ivo Luiten

Portfolio Manager

Managed Fund since 2017

More Info
Ivo Luiten, CFA, Portfolio Manager with the Emerging Markets Equity Team, joined NNIP Advisors in 2011 as a Senior Analyst in Emerging Markets Equities.

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 YRExpense Ratios
GrossNet
Net Asset Value+3.02+18.37+12.29+2.36-1.922.08%2.00%
With Sales Charge-2.91+11.58+10.09+1.16-2.50
Net Asset Value+0.74+20.83+9.99+2.44-3.632.08%2.00%
With Sales Charge-5.06+13.86+7.84+1.23-4.20
Russia Trading System Index+3.83+22.90+16.05+1.79-2.04
Russia Trading System Index+0.87+21.54+11.64+1.80-3.85

Inception Date - Class A:July 3, 1996

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.

16.2721.1832.87
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.

0.790.780.94
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.

88.7588.4795.09
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.

-0.530.64-0.03
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.

0.750.200.10
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.

6.759.067.54
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.

-0.560.060.02

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 08/31/2008 through 07/31/2018

Ending Value: $8,238.00

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.

$80.3
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

26
Total

Top Holdings

% of Total Investments as of July 31, 2018

Lukoil PJSC13.32
Sberbank PAO9.17
Novatek PJSC6.13
Tatneft PJSC5.87
MMC Norilsk Nickel PJSC4.93
Yandex NV4.70
Gazprom Neft JSC4.45
PhosAgro OJSC4.40
Tatneft4.37
X5 Retail Group N.V.4.13
Total#,###.2

Portfolio Composition

as of July 31, 2018

Stocks92.66
Short Terms7.34
Total#,###.2

Top Sectors

% of Total Investments as of July 31, 2018

Energy45.87
Financials15.81
Materials11.13
Information Technology10.43
Consumer Staples7.01
Telecommunication Services5.40
Real Estate1.57
Industrials1.55
Utilities1.24
Total#,###.2

Top Country Weightings

% of Total Investments as of July 31, 2018

Russia85.27
Kazakhstan3.45
United States2.96
Canada0.98
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$0.798600
Totals: $0.798600

Ratings

Morningstar™ Ratings

As of July 31, 2018

No Morningstar™ Ratings are currently available for this share class.

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 Value-Oriented Securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions. 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. High-yield, lower grade debt securities and junk bonds are highly speculative and more volatile than with higher-grade Debt Securities. There is risk due to the extremely volatile and often illiquid nature of the Russian Securities Markets, and price volatility due to non-diversification of investments and geographic concentration. There is the Non-Diversification Risk that the Fund may invest a relatively high percentage of its assets in a limited number of issuers. The Fund Concentrates in a single region of the world, the Fund's performance may be more volatile and may be affected unfavorably by political developments, social instability, changes in government polices and other political and economic developments. Russian securities markets are substantially smaller, less liquid and more volatile than securities markets in the U.S. There may be a Lack of Reliable Financial Information and there is less transparency with Russian investments. Potential for Expropriation, Dilution, Devaluation, Default or Excessive Taxation by the Russian government. Other risks of the Fund include but are not limited to: Convertible and Debt Securities Risks; Market Trends Risks; Price Volatility Risks; Other Investment Companies' Risks; Political Risks; Settlement and Custody 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.