Voya SmallCap Opportunities Fund - Class A

Class A: NSPAX
Class C: NSPCX
Class I: NSPIX
Class R: ISORX
Class R6: ISOZX
Class W: ISOWX
For more information call 1 (800) 334-3444
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Voya SmallCap Opportunities Fund

Focusing on High-Quality Companies with Sustainable Growth Trends

Small companies typically grow faster than large companies — and some may even become the blue chips of the future.

Daily Prices

as of June 3, 2020

Net Asset Value (NAV)$48.60
% Change+1.57
$ Change+0.75
YTD Return-3.95%

The Voya SmallCap Opportunities Fund Offers

Focus on consistency

We strive to serve as a reliable partner by seeking to deliver consistent performance

Style purity

We believe in saying what we do and doing what we say — our strategy is squarely in the Small Growth style box

All-weather management

Unwavering commitment to investment process across a range of market environments

Product Facts

Ticker SymbolNSPAX
CUSIP92913K405
Inception DateJune 5, 1995
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

  • A small cap growth portfolio comprised of common stocks from smaller, lesser-known U.S. companies that fall within the range of the Russell 2000® Growth Index
  • Seeks companies selling at reasonable cash flow multiples
  • Robust investment process balances quantitative screening, fundamental research, and targeted economic sector analysis
  • The focus of company analysis and selection is focuses on prospects for continuing bottom-line growth, balance sheet strength, and cash flow characteristics

Investment Objective

The Fund seeks capital appreciation.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of April 30, 2020

As of March 31, 2020

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-15.06-12.38-0.94+2.30+8.331.37%1.37%
With Sales Charge-19.95-17.41-2.88+1.10+7.69
Net Asset Value-26.48-21.72-5.17-0.93+7.171.37%1.37%
With Sales Charge-30.71-26.22-7.02-2.10+6.54
Russell 2000 Growth Index-14.71-9.22+4.21+5.19+9.96
Russell 2000 Growth Index-25.76-18.58+0.10+1.70+8.89

Inception Date - Class A:June 5, 1995

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 April 30, 2020

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.

23.0520.4618.56
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.

1.021.010.95
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.

98.7198.1497.33
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.

-5.05-2.77-1.11
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.

0.000.160.49

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 05/31/2010 through 04/30/2020

Ending Value: $22,265.00

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 April 30, 2020

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.

$351.7
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

149
P/E next 12 months
P/E:

P/E (next 12 months) calculates the price of a stock divided by its earnings per share.

24.59
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.

4.90
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.

$3,596.3
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.

14.79
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.

69.68
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

18.85
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.

-0.37
Total

Top Holdings

% of Total Investments as of April 30, 2020

Trex Co., Inc.1.45
Generac Holdings, Inc.1.38
Helen of Troy Ltd.1.33
j2 Global, Inc.1.33
Amedisys, Inc.1.29
Chegg, Inc.1.25
Haemonetics Corp.1.23
Inphi Corp.1.19
Five9, Inc.1.16
EMCOR Group, Inc.1.15
Total#,###.2

Sector Weightings

% of Total Investments as of April 30, 2020

Health Care32.76
Information Technology22.01
Industrials17.69
Consumer Discretionary15.07
Financials3.56
Consumer Staples3.28
Materials2.30
Real Estate2.12
Communication Services0.95
Energy0.27
Total#,###.2

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

Ratings

Morningstar™ Ratings

As of April 30, 2020

Overall3 Year5 Year10 Year
581 Funds581 Funds500 Funds381 Funds

Category: Small Growth

Distributions

No distributions paid in the last 12 months.

Investment Team

View Fund Adviser/Sub Adviser

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.
Joseph Basset

Joseph Basset, CFA

Equity Analyst and Portfolio Manager

Years of Experience: 23

Years with Voya: 15

Joseph Basset is a portfolio manager and analyst on the small cap team at Voya Investment Manager covering the industrials, energy, materials, and utilities sectors. Prior to joining Voya, Joe taught economics and finance at the university level for eight years. Previously, he held quantitative and fundamental research roles at Banc One covering the utilities and semiconductors sectors. Joe earned an MBA and ABD in finance from the University of Texas, a BA in economics from Tulane University, and is a CFA® Charterholder.
James Hasso

James Hasso

Head of Small Cap and Portfolio Manager

Years of Experience: 25

Years with Voya: 14

James Hasso is head of the small cap team and a portfolio manager for the small cap strategies at Voya Investment Management. Previously at Voya, Jim was an analyst covering the financial-related sectors. Prior to joining Voya, he held research analyst/associate portfolio manager roles at First Investors Corporation, Valenzuela Capital Partners, Mitchell Hutchins Asset Management, and Spears, Benzak, Salomon & Farrell. James serves on the Board of Trustees of the New York Foundling, holds a seat on the Leadership Council of Americares, and is an active member of the Centennial Society of the Economic Club of New York. Jim earned an MBA in finance from Fordham University and a BA in economics from Lehman College.

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.

On March 23, 2020, the U.S. Securities and Exchange Commission (“SEC”) issued an order providing registered funds with temporary flexibility with respect to borrowing. In connection with this order, on March 30, 2020, the Fund’s Board of Trustees (the “Board”) approved a policy permitting the Fund to deviate from its fundamental policy with respect to borrowing (as set forth in the Fund’s Statement of Additional Information under the section titled “Fundamental and Non‐Fundamental Investment Restrictions”) for the period from March 30, 2020 until June 30, 2020 (unless extended by the Board upon any extension of the order by the SEC).

During this time, the Fund may borrow money in an amount of up to 331/3% of the Fund’s total assets to meet short‐term needs, such as in connection with redemptions. The Fund incurs interest and other expenses when it borrows money. Borrowing creates leverage, which may increase expenses and increase the impact of the Fund’s other risks. The use of leverage may exaggerate any increase or decrease in the Fund’s net asset value causing the Fund to be more volatile than a fund that does not borrow.