Voya Index Solution 2035 Portfolio - Class I

Class I: ISEIX
Class S: ISESX
Class S2: IXISX
Class Z: VSZDX
For more information call 1 (800) 334-3444
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Voya Index Solution 2035 Portfolio

Until the day prior to its Target Date, the Portfolio seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2035.

Daily Prices

as of March 16, 2018

Net Asset Value (NAV)$11.86
% Change+0.17
$ Change+0.02
YTD Return1.80%

Fund Facts

Ticker SymbolISEIX
Inception DateMarch 10, 2008
Dividends PaidAnnually

About this Product

The Voya Index Solution Portfolios are a suite of ten target date fund of funds that are designed to meet the needs of retirement plan investors who prefer a single diversified investment option. These Portfolios satisfy the criteria for qualified default investment alternatives (QDIAs) described in the final regulations implementing the default investment provisions of the Pension Protection Act of 2006. These portfolios invest in passively managed investment options that track different market indices around the world. The underlying investment portfolios are applied to each Voya Index Solution Portfolio based on each target date allocation.

The Voya Index Solution 2035 Portfolio is designed for people who plan to begin living their retirement goals in the years 2033 to 2037. Currently, it is designed to begin reducing investment risk and exposure to stock as contributions grow.

Investment Objective

Until the day prior to its Target Date, the Portfolio seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2035. On the Target Date, the Portfolio’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 Portfolio 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.

Directed Services LLC

Investment Adviser

Directed Services LLC, Asset Management Arm is a privately owned investment manager. The firm primarily provides its services to investment companies.
Paul Zemsky

Paul Zemsky, CFA

Portfolio Manager

Managed Portfolio since 2008

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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 Portfolio since 2012

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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.
Jody Hrazanek

Jody Hrazanek

Portfolio Manager

Managed Portfolio since 2015

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Jody Hrazanek is head of strategy design and implementation for Multi-Asset Strategies and Solutions (MASS) at Voya Investment Management. She is responsible for overseeing the portfolio implementation, strategy design and customized solutions teams for a variety of investment solutions including asset allocation, derivatives/financial engineering, risk management, portable alpha and structured products. Previously at Voya, she was a derivatives trader with responsibility for Voya IM’s third-party business as well as the firm’s general account. Prior to joining Voya, she was a convertible bond trader at Advent Capital Management. Prior to that, she was a convertible bond portfolio manager and risk arbitrage trader at Merrill Lynch Quantitative Advisors and Deutsche Bank Asset Management. Jody began her career as an analyst at Goldman Sachs. Jody graduated Summa Cum Laude from Fairfield University with a BS in mathematics and has a MS in statistics and operations research from New York University, Stern School of Business.

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Average Annual Total Returns %

As of February 28, 2018

As of December 31, 2017

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
Net Asset Value+0.43+13.93+7.00+9.560.45%0.39%
Net Asset Value+18.65+18.65+8.13+10.420.45%0.39%
S&P Target Date 2035 Index+0.15+13.39+7.37+9.42
S&P Target Date 2035 Index+17.78+17.78+8.51+10.29

Inception Date - Class I:March 10, 2008

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 February 28, 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.


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.


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.


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.

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.

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.

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.


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 03/31/2008 through 02/28/2018

Ending Value: $19,333.00

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 Statistics

As of February 28, 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.

Number of Holdings
Number of Holdings:

Number of Holdings in the investment.


Top Holdings

% of Total Investments as of February 28, 2018

Voya U.S. Stock Index Portfolio Class P241.10
Voya International Index Portfolio Class P218.76
Voya U.S. Bond Index Portfolio Class P28.14
Voya Russell Mid Cap Index Portfolio Class P26.97
Voya Emerging Markets Index Portfolio Class P26.90
PowerShares Senior Loan Portfolio5.15
Voya Russell Small Cap Index Portfolio Class P23.98
SPDR Bloomberg Barclays High Yield Bond ETF2.04
iShares Russell 1000 Growth Index Fund2.02
Credit Suisse Commodity Return Strategy Fund1.52

Portfolio Composition

as of February 28, 2018

Large Cap U.S.42.09
Core Fixed Income8.14
Mid Cap U.S.6.97
Emerging Markets6.90
Senior Loans5.15
Small Cap U.S.3.98
High Yield Bond2.04
Large Cap Growth2.02
Global International0.97
International Real Estate0.73
Real Estate U.S.0.73

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


Distributions: Last 12 Months

Payment Frequency: Annually


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.

Income Dividend08/04/201708/07/201708/03/2017$0.185000
Long-Term Capital Gain08/04/201708/07/201708/03/2017$0.272700
Totals: $0.457700


Morningstar™ Ratings

As of February 28, 2018

Overall3 Year5 Year10 Year
165 Funds165 Funds131 Funds N/A

Category: Fund Target-Date 2035


Principal Risks

As with any portfolio, you could lose money on your investment in the Voya Index Solution Portfolios. 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 may differ in the future from historical performance and the assumptions used to form the asset allocations for the Voya Index Solution Portfolios. There is a risk that you could achieve better returns in an underlying portfolio or other portfolios representing a single asset class than in the Voya Index Solution Portfolios. Please keep in mind, using asset allocation as part of your investment strategy neither assures nor guarantees better performance and cannot protect against loss in declining markets.

The share price of the Portfolios normally changes daily based on changes in the value of the securities that the Portfolios hold. The investment strategies used may not produce the intended results. The principal risks of investing in the Portfolios and the circumstances reasonably likely to cause the value of your investment in the Portfolios to decline include: asset allocation risk, credit risk, debt securities risk, equity securities risk, foreign investment risk, growth investing risk, inflation-indexed bonds risk, interest rate risk, market and company risk, real estate risk, REITs risk, U.S. Government securities and obligations risk, derivatives risk and value investing risk. If you would like additional information regarding the risks of the Portfolios' underlying funds, please see "Description of the Investment Objectives, Main Investments and Risks of the Underlying Funds" and the "More Information on Risks" sections of the Prospectus.

The Index Solution Portfolios may only be offered to variable annuity and variable life insurance separate accounts, ("Variable Contracts"), qualified pension and retirement plans which includes plans qualified under Sections 401 of the Internal Revenue Code ("IRC") as well as 403(b) annuity plans, 403(b)(7) custodial accounts, 408(a) individual retirement accounts, eligible governmental and deferred compensation plans under Sections 414(d) or 457(b) or plans described in 501(c)18 of the IRC, certain investment advisers and their affiliates in connection with the creation or management of the Index Solution Portfolios and certain other management investment companies.