Voya Target Retirement 2055 Fund - Class A

Class A: VTRQX
Class I: IRSVX
Class R6: VTRRX
For more information call 1 (800) 334-3444
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Voya Target Retirement 2055 Fund

A Target Date Choice to Help Keep Retirement Goals on Track

Voya’s Target Retirement Funds are designed to specifically balance the evolving risk-return profiles of participants as they age to maximize the probability of a successful retirement. The target date in the funds’ name is the approximate date when investors plan to start withdrawing their money.

Daily Prices

as of August 13, 2018

Net Asset Value (NAV)$12.97
% Change-0.61
$ Change-0.08
YTD Return0.54%

The Voya Target Retirement 2055 Fund Offers

Participant Focused Glide Path

Multi-Manager

Active/Passive Blend

A Portfolio that Adjusts as Participants' Careers Progress

At Voya, our glide path relative to peers has a higher equity allocation for younger participants to build wealth and a lower equity allocation for participants near and in retirement to reduce risk in those critical years. Younger participants can afford to take on more investment risk in exchange for greater potential returns. However, in the later years, participants are more vulnerable to a market downturn, particularly the day they retire.

 

A Portfolio that Adjusts as Participants' Careers Progress

Source: Voya Investment Management
This chart is for illustrative purposes only and may not reflect the current allocations of the Voya Target Retirement Funds.
This illustration is intended to show how the Voya Target Retirement Funds transition over time.

The Voya Difference

  • Participant Focused Glide Path
    Seeks to maximize wealth in early years and reduce risk in later years. More equity relative to peers in early years, less equity relative to peers in later years
  • Multi-Manager
    Voya is a pioneer of the multi-manager TD approach, with 10 years+ of experience. Access to Voya’s investment capabilities and other world class asset managers
  • Active/Passive Blend
    Active managers offer the potential for excess returns in less efficient asset classes. Passive managers offer cost effective exposure to highly efficient asset classes within a competitive fee structure

Product Facts

Ticker SymbolVTRQX
CUSIP92913M534
Inception DateDecember 21, 2015
Dividends PaidAnnually
Min. Initial Investment$1,000.00

About this Product

Voya Target Retirement Funds maximize asset accumulation in the early years of participants’ careers, taking aggressive equity positions. The funds shift emphasis to asset protection in later years, reducing risk and ultimately reaching their most conservative equity allocation of 35% at retirement to help investors hold onto what they have accumulated in a lifetime of saving.

The Voya Target Retirement 2055 Fund is designed for people who plan to begin living their retirement goals in the years 2053 to 2057. Currently, it is designed to maximize wealth accumulation.

Investment Objective

Until the day prior to its Target Date, the Fund seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2055. On the Target Date, the Fund's investment objective will be to seek to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

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.
Paul Zemsky

Paul Zemsky, CFA

Portfolio Manager

Managed Fund since 2012

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.
Halvard Kvaale

Halvard Kvaale, CIMA

Portfolio Manager

Managed Fund since 2012

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.

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 YRInceptionExpense Ratios
GrossNet
Net Asset Value+1.86+9.71+8.00+8.59+9.880.78%0.78%
With Sales Charge-4.02+3.43+5.88+7.30+8.72
Net Asset Value-0.85+9.30+7.35+9.06+9.500.78%0.78%
With Sales Charge-6.57+3.05+5.25+7.79+8.33
S&P Target Date 2055 Index+3.32+11.37+9.32+9.55+10.88
S&P Target Date 2055 Index+0.78+10.96+8.86+10.06+10.56

Inception Date - Class A:December 21, 2015

Inception Date - Class I:December 20, 2012

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.

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 12/21/2015 through 07/31/2018

Ending Value: $13,321.00

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.

$4.0
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

18
Total

Top Holdings

% of Total Investments as of July 31, 2018

iShares S&P 500 Index Fund/US14.95
Voya Large Cap Growth Fund Class P310.05
Voya Multi-Manager International Equity Fund Class P39.98
TIAA-CREF International Equity Index Fund - Class I8.02
Voya U.S. High Dividend Low Volatility Fund Class I7.58
Voya Multi-Manager Emerging Markets Equity Fund Class P37.55
Voya Multi-Manager International Factors Fund Class P36.99
TIAA-CREF S&P 500 Index Fund6.25
iShares Russell 1000 Value Index Fund5.76
Voya Large Cap Value Fund Class P34.30
Total#,###.2

Portfolio Composition

as of July 31, 2018

Large Cap U.S.33.94
International24.99
Large Cap Blend14.95
Emerging Markets8.52
Mid Cap U.S.6.94
Core Fixed Income3.94
Small Cap U.S.2.95
Global Real Estate1.47
Commodities1.37
Short-Term Bond0.93
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 Dividend12/29/201701/02/201812/28/2017$0.223100
Short-Term Capital Gain12/29/201701/02/201812/28/2017$0.046100
Long-Term Capital Gain12/29/201701/02/201812/28/2017$0.467100
Totals: $0.736300

Ratings

Morningstar™ Ratings

As of July 31, 2018

Overall3 Year5 Year10 Year
171 Funds171 Funds107 Funds N/A

Category: Fund Target-Date 2055

Morningstar computes the extended performance return stream by appending an adjusted return history of the oldest share class. Next, the Extended Performance Rating is determined by comparing the adjusted-historical returns to the current investment universe to identify placement in the bell curve used to assign the Morningstar Rating. Extended Performance Ratings appear as hollow stars on reports and statistics calculated with extended performance data appear in italics for easy identification..

Disclosures

Principal Risks

There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date.

The “target date” is the approximate date when an investor plans to start withdrawing their money. When their target date is reached, they may have more or less than the original amount invested. For each target-date portfolio, until the day prior to its target date, the portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each portfolio’s designated target year. On the target date, the portfolio will seek to provide a combination of total return and stability of principal.

Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small- and mid-cap stocks may be more volatile than large-cap stocks. Investing in bonds also, entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio.

As with any portfolio, you could lose money on your investment in a Voya Target Retirement Fund. Although asset allocation seeks to optimize returns given various levels of risk tolerance, you still may lose money and experience volatility. Market and asset class performance and the assumptions used form the asset allocations for the Voya Target Retirement Fund. There is risk that you could achieve better returns in an underlying portfolio or other portfolios representing a single asset class than in the Voya Target Retirement Fund. Important factors to consider when planning for retirement include your expected expenses, sources of income, and available assets. Before investing in the Voya Target Retirement Fund, weigh your objectives, time horizon, and risk tolerance. The Voya Target Retirement Fund invests in many underlying portfolios which are exposed to the risks of different areas of the market. The higher a portfolio’s allocation to stocks, the greater the risk. Diversification cannot assure a profit or protect against loss in a declining market.