# Voya Retirement Moderate Growth Portfolio - Class I

## Portfolio Statistics as of 07/31/2017

Net Assets millions |
$2,235.4 |
---|---|

Number of Holdings | 10 |

nModifiedDurationToWorst | Modified Duration to Worst - is a mathematically adjusted form of Macaulay Duration measuring the sensitivity of a bond's price to small, instantaneous changes in yield. This calculates the rate sensitivity of a security assuming that cash flows do not change as interest rates change. |

nWtdAvgMarketCapWilshire | Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. |

nEndingActiveShare | Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. |

nPriceToCashFlow | 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 |

nROA | 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. |

nPEG | PEG Ratio |

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

nEPSGrowth | 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. |

nDividendYield | A financial ratio that shows how much a company pays out in dividends relative to its share price |

nPriceToBookWilshire | Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value. |

nHoldings | Number of Holdings in the investment |

nNetAssets | 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. |

nAlpha | Measures the difference between a fund's actual return and its level of risk as measured by beta. An alpha of 0.5 implies the fund performed 0.5% better than the market would predict. The figure is calculated on a three-year basis relative to the benchmark. |

nR2 | The way in which a percentage of a portfolio's total returns represents the portfolio's beta measure. |

nBeta3Year | Measures the Fund's volatility relative to the overall market. A beta above 1 is more volatile than the overall market, while a beta below 1 is less volatile. |

nSharpeRatio | 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 fund's historical risk-adjusted performance. |

nStandardDeviation3Year | A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk. |

nMedianMktCap | Market Cap is the value of a corporation as determined by the market price of its issued and outstanding common stock. |

nWeightedAvgMaturityDays | The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes. |

nWeightedAvgMaturityYears | The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes. |

nWeightedAvgLife | The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes. |

nPriceToEarnings | P/E is the price of a stock divided by its earnings per share. |

nPriceToBook | P/BV is the ratio of a stock's price to its Book Value. |

nExpenseRatio | Operating costs, including management fees, expressed as a percentage of the fund's average net assets for a given time period. |

nMktWeightedAvgCoupon | The interest rate on a fixed income security, determined upon issuance, and expressed as a percentage of par. |

nPriceToFFORealEstate | Price to Funds From Operations (P/FFO), the REIT equivalent of a security’s Price to Earnings ratio (P/E), is used to measure operating performance which encompasses a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation. |

nWeightedAvgResetDays | Reset is the number of days that the current interest rate contract is in effect. |

## Returns-Based Statistics as of 07/31/2017

3 Year | 5 Year | 10 Year | |
---|---|---|---|

Standard Deviation | 6.89 | 6.53 | 11.77 |

Beta | 1.04 | 1.03 | 1.10 |

R^{2} |
98.18 | 98.39 | 98.55 |

Alpha | -0.81 | -0.51 | -1.11 |

Sharpe Ratio | 0.80 | 1.26 | 0.39 |

Tracking Error | 0.96 | 0.84 | 1.78 |

Information Ratio | -0.68 | -0.38 | -0.43 |

nPrice 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. |

nSharpeRatio | 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. |

nWeighted Average Market Capitalization | The value of a corporation as determined by the market price of its issues and outstanding common stock. |

nR2 | 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. |

nBeta | 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. |

nStandardDeviation | A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk. |

nInfoRatio | 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. |

nTrackingErr | 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. |

nAlpha | 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. |

## Portfolio Composition as of 07/31/2017

Core Fixed Income | 34.50 |

Large Cap U.S. | 29.16 |

International | 15.08 |

Mid Cap U.S. | 12.02 |

Emerging Markets | 5.19 |

Small Cap U.S. | 4.05 |

Total: | 100.00% |

## Top Holdings % of Total Investments as of 07/31/2017

Voya U.S. Bond Index Portfolio Class I | 34.50 |

Voya U.S. Stock Index Portfolio Class I | 29.16 |

Voya Russell Mid Cap Index Portfolio Class I | 12.02 |

Voya Euro STOXX 50 Index Portfolio Class I | 5.24 |

Voya Emerging Markets Index Portfolio Class I | 5.19 |

Voya Japan TOPIX Index Portfolio Class I | 4.07 |

Voya Russell Small Cap Index Portfolio Class I | 4.05 |

Voya FTSE 100 Index Portfolio Class I | 3.68 |

Voya Australia Index Portfolio Class I | 1.56 |

Voya Hang Seng Index Portfolio Class I | 0.53 |

Total: | 100.00% |

**Past performance is no guarantee of future results.**