VY Clarion Real Estate Portfolio - Class I
- Invests primarily in U.S. REITs, companies that own and manage commercial real estate
- Real estate investing has an historically compelling dividend yield, growth potential and low correlations with other asset classes
- Sub-Advised by CBRE Clarion Securities (CBRE Clarion), one of the world’s largest real estate companies, with a presence around the globe
The Portfolio seeks total return consisting of long-term capital appreciation and current income.
Daily Prices as of 08/22/2017
|Net Asset Value (NAV)||$36.41|
|Public Offering Price (POP)||$36.41|
|Inception Date||May 19, 2003|
Average Annual Total Returns %
|As of Jul 31, 2017 As of Jun 30, 2017||Expense Ratios|
|YTD||1 YR||3 YR||5 YR||10 YR||Gross||Net 1, 2, 3|
|Net Asset Value||+3.29||-6.68||+7.11||+8.16||+6.56||0.85%||0.71%|
|MSCI U.S. REIT Index GR USD||+3.97||-4.58||+8.61||+9.23||+6.96||—||—|
|Net Asset Value||+2.29||-3.73||+6.83||+8.36||+5.58||0.85%||0.71%|
|MSCI U.S. REIT Index GR USD||+2.66||-1.82||+8.19||+9.38||+5.94||—||—||—|
Inception Date - Class I: 05/19/03
1The Adviser has contractually agreed to limit expenses of the Portfolio. 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 Portfolio's prospectus for more information.
2The expense limits will continue through at least May 1, 2018. Expenses are being waived to the contractual cap.
3The Adviser has contractually agreed to waive a portion of the management fee through May 1, 2018.
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.
MSCI U.S. REIT Index GR USD
The MSCI US REIT Index is a free float-adjusted market capitalizaiton weighted index that is comprised of equity REITS that are included in the MSCI US Investable Market 2500 Index (with the exception of specialty equity REITS) that do not generate a majority of their revenue and income from real estate rental and leasing obligations). The index represents approximately 85% of the US REIT universe. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Risks of the REIT's are similar to those associated with direct ownership of Real Estate, such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. Concentration of investments in one or more real estate industries, may subject the Portfolio to greater volatility than a portfolio which is less concentrated. Other risks of the Portfolio include but are not limited to: Initial Public Offerings Risks; Convertible Securities Risks; Manager Risks; Market Trends Risks; Non-Diversification Risks; Other Investment Companies Risks; Price Volatility Risks; Rule 144A Securities Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Portfolio’s Prospectus and Statement of Additional Information for a more detailed discussion of the Portfolio’s risks.