Effective October 7, 2022, the Small Cap Opportunities Fund merged into the Small Cap Growth Fund.
Voya Small Cap Growth Fund was launched on or about April 4, 2022 after Voya’s acquisition of the investment advisory business of Tygh Capital Management (TCM) on January 1, 2022. In connection with this acquisition, the Board approved the reorganization of the TCM Small Cap Growth Fund with and into the Voya Small Cap Growth Fund. The historic performance provided prior to the launch date is that of the TCM Fund’s I share. This performance information reflects applicable fee waivers/expense limitations, if any, during the period shown and absent such fee waivers/expense limitations performance would have been lower. Performance for other share classes would differ to the extent they have differences in their fees and expenses. As a result of the reorganization, the TCM Fund’s shareholders received Class I shares of the Fund.
Voya Small Cap Growth Fund
Focusing on companies with strong growth prospects and cash flow generation capabilities
The Voya Small Cap Growth Fund Offers
Focus on earnings growth and cash flow generation
Dedicated team
All-weather management
Product Facts
| Ticker Symbol | TCMSX |
| CUSIP | 92913L288 |
| Inception Date | October 1, 2004 |
| Dividends Paid | Annually |
| Min. Initial Investment | $250,000.00 |
About this Product
- Invests primarily in stocks of smaller, lesser-known U.S. companies which fall within the range of the Russell 2000 Growth Index
- Seeks companies with superior revenue and earnings potential that are trading at sustainable valuations
- Consistently applied philosophy and process across various market cycles driven by bottom-up fundamental analysis
- Diversified, high quality, risk adjusted portfolio positioned to outperform the Russell 2000 Growth Index
Investment Objective
The Fund seeks capital appreciation.
My Representatives
Contact your Voya Representative to gain access to program materials.
1-800-334-3444
Performance
Average Annual Total Returns %
As of October 31, 2022
As of September 30, 2022
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | -20.79 | -20.70 | +8.24 | +8.84 | +13.58 | 0.93% | 0.93% |
| With Sales Charge | -20.79 | -20.70 | +8.24 | +8.84 | +13.58 | ||
| Net Asset Value | -27.77 | -24.90 | +5.55 | +7.34 | +12.18 | 0.93% | 0.93% |
| With Sales Charge | -27.77 | -24.90 | +5.55 | +7.34 | +12.18 | ||
| Russell 2000 Growth Index | -22.57 | -26.02 | +5.11 | +5.17 | +10.15 | — | — |
| Russell 2000 Growth Index | -29.28 | -29.27 | +2.94 | +3.60 | +8.81 | — | — |
Inception Date - Class I:October 1, 2004
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.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment. Please see the Fund's prospectus for more information. The expense limits will continue through at least 2024-10-01. The Fund is operating under the contractual expense limits.
The Russell 2000 Growth Index is an unmanaged index that measures the performance of smaller U.S. companies with greater-than-average growth orientation. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund’s prospectus or summary prospectus, which contains this and other information, visit us at www.voyainvestments.com or call (800) 992-0180. Please read all materials carefully before investing.
Returns-Based Characteristics
As of October 31, 2022
| 3 Year | 5 Year | 10 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. | 25.01 | 22.83 | 18.67 |
| 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. | 0.92 | 0.93 | 0.92 |
| 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. | 0.94 | 0.95 | 0.93 |
| 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. | 3.24 | 3.68 | 3.83 |
| 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. | 0.42 | 0.44 | 0.74 |
| 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. | 0.50 | 0.67 | 0.66 |
Growth of a $10,000 Investment
For the period 11/30/2012 through 10/31/2022
Ending Value: $35,728.00
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 October 31, 2022
| 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. | $591.7 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 87 |
| P/E next 12 months P/E: P/E (next 12 months) calculates the price of a stock divided by its earnings per share. | 21.92 |
| P/B trailing 12 months P/B: Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value. | 4.03 |
| Weighted Average Market Cap millions Weighted Average Market Cap: Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. | $5,190.2 |
| EPS Growth (3-5 Year Estimate) EPS Growth (3-5 Year Estimate): The portion of a company's profit allocated to each outstanding share of common stock. EPS growth serves as an indicator of a company's profitability. | 19.10 |
| Active Share Active Share: Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. | 85.15 |
| Price to Cash Flow Price to Cash Flow: The ratio of a stock’s price to its cash flow per share. The price-to-cash flow ratio is an indicator of a stock’s valuation | 21.53 |
| ROA % ROA: ROA is an indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings. | 2.82 |
| Total |
Top Holdings
% of Total Investments as of October 31, 2022
| Chart Industries, Inc. | 3.41 |
| Genpact Ltd. | 2.99 |
| Axon Enterprise, Inc. | 2.96 |
| WNS Holdings Ltd. | 2.70 |
| Matador Resources Co. | 2.47 |
| Clean Harbors, Inc. | 2.46 |
| CACI International, Inc. | 2.35 |
| Innospec, Inc. | 2.18 |
| Kirby Corp. | 2.14 |
| Wintrust Financial Corp. | 2.04 |
| Total | #,###.2 |
Portfolio Composition
as of October 31, 2022
| Stocks | 95.42 |
| Short Terms | 2.86 |
| Other | 1.73 |
| Total | #,###.2 |
Top Sectors
% of Total Investments as of October 31, 2022
| Industrials | 26.03 |
| Information Technology | 23.47 |
| Health Care | 23.26 |
| Consumer Discretionary | 9.11 |
| Energy | 8.41 |
| Financials | 6.38 |
| Materials | 3.33 |
| Total | #,###.2 |
Top Country Weightings
% of Total Investments as of October 31, 2022
| United States | 89.48 |
| India | 2.70 |
| Canada | 1.74 |
| Israel | 1.47 |
| Costa Rica | 1.03 |
| Ireland | 0.72 |
| Total | #,###.2 |
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.
Investment Team
Portfolio Management Team
Voya Investments, LLC
Investment Adviser
Voya Investment Management Co. LLC
Investment Sub-Adviser
Richard Johnson, CFA
Head of Small Cap Growth
Years of Experience: 32
Years with Voya: 1
Michael Coyne, CFA
Senior Portfolio Manager
Years of Experience: 25
Years with Voya: 1
Mitchell Brivic, CFA
Portfolio Manager
Years of Experience: 27
Years with Voya: 1
Scott Haugan, CFA
Portfolio Manager
Years of Experience: 23
Years with Voya: 1
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. 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. Other risks of the Fund include but are not limited to: Company; Growth Investing; Investment Model; Market Trends; Other Investment Companies; 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.