Investment Management

Voya Russia Fund - Class A

Fund Description


  • Normally invests at least 80% of its assets in equity securities of Russian companies
  • Not constrained by investment style or market capitalization
  • Seeks companies undervalued by the market because their pace of development or earnings growth have been underestimated

Investment Objective

The Fund seeks long-term capital appreciation through investment primarily in equity securities of Russian companies.

Daily Prices as of 02/23/2018

Net Asset Value (NAV) $33.63
% Change +0.33
$ Change +0.11
Public Offering Price (POP) $35.68
YTD Return +12.89%

Lookup Historical Prices

Fund Facts

Ticker Symbol LETRX
CUSIP 92913X886
Inception Date Jul 03, 1996
Dividends Paid Annually
Min. Initial Investment $1,000.00

Management Team

Renat Nadyukov

Portfolio Manager

Managed Fund since 2013

Ivo Luiten

Portfolio Manager

Managed Fund since 2017


More Info

Average Annual Total Returns %

  As of Jan 31, 2018 As of Dec 31, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Gross Net 1, 2
Net Asset Value +11.08 +21.77 +20.61 +1.18 -1.10 2.09% 2.01%
With Sales Charge +4.68 +14.78 +18.25 -0.01 -1.69
Russia Trading System Index +11.21 +15.54 +25.65 -0.46 -1.01
Net Asset Value +11.71 +11.71 +17.55 +0.24 -3.53 2.09% 2.01%
With Sales Charge +5.29 +5.29 +15.26 -0.95 -4.10
Russia Trading System Index +4.98 +4.98 +18.50 -1.37 -3.84

Inception Date - Class A: 07/03/96

View Detailed Performance

Current Maximum Sales Charge: 5.75%

1The Adviser has contractually agreed to limit expenses of the Fund. 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 Fund's prospectus for more information.

2The expense limits will continue through at least March 1, 2018. Expenses are being waived to the contractual cap.

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.

Benchmark Disclosures

Russia Trading System Index

The Russia Trading System (RTS) Index is a capitalization weighted index that is calculated in U.S. dollars. The index tracks the performance of Russia's most active stocks traded on the Russian Trading System. The index is operated by the National Association of Participants in the Securities Markets, a non-profit body. the Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. Prices of Value-Oriented Securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions. Prices of Growth Stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. High-yield, lower grade debt securities and junk bonds are highly speculative and more volatile than with higher-grade Debt Securities. There is risk due to the extremely volatile and often illiquid nature of the Russian Securities Markets, and price volatility due to non-diversification of investments and geographic concentration. There is the Non-Diversification Risk that the Fund may invest a relatively high percentage of its assets in a limited number of issuers. The Fund Concentrates in a single region of the world, the Fund's performance may be more volatile and may be affected unfavorably by political developments, social instability, changes in government polices and other political and economic developments. Russian securities markets are substantially smaller, less liquid and more volatile than securities markets in the U.S. There may be a Lack of Reliable Financial Information and there is less transparency with Russian investments. Potential for Expropriation, Dilution, Devaluation, Default or Excessive Taxation by the Russian government. Other risks of the Fund include but are not limited to: Convertible and Debt Securities Risks; Market Trends Risks; Price Volatility Risks; Other Investment Companies' Risks; Political Risks; Settlement and Custody Risks; Inability to Sell Securities Risks; 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.