Investment Management

VY Clarion Global Real Estate Portfolio - Class I

Fund Description


  • Invests primarily in small, mid and large-cap stocks in a number of different countries, including the U.S., that own, operate, develop or manage real estate
  • Sub-Advised by CBRE Clarion Securities (CBRE Clarion)—one of the world’s largest real estate companies, with a presence around the globe
  • Increased adoption of REIT type structure globally may spur growth of public real estate sector and potentially increase dividend yields 

Portfolio Objective

The Portfolio seeks to provide investors high total return consisting of capital appreciation and current income.

Daily Prices as of 12/13/2017

Net Asset Value (NAV) $12.37
% Change +0.41
$ Change +0.05
Public Offering Price (POP) $12.37
YTD Return +9.70%

Fund Facts

Ticker Symbol IRGIX
CUSIP 92914E812
Inception Date Jan 03, 2006
Dividends Paid Quarterly

Management Team

T. Ritson Ferguson, CFA

Portfolio Manager

Managed Fund since 2006

Steven D. Burton, CFA

Portfolio Manager

Managed Fund since 2006

Joseph P. Smith, CFA

Portfolio Manager

Managed Fund since 2007

More Info

Average Annual Total Returns %

  As of Nov 30, 2017 As of Sep 30, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Gross Net 1, 2, 3
Net Asset Value +8.82 +12.17 +2.81 +6.06 +2.92 0.96% 0.89%
FTSE EPRA/NAREIT Developed Index +8.96 +12.13 +4.13 +6.84 +2.59
Net Asset Value +5.61 -1.06 +4.13 +5.83 +2.02 0.96% 0.89%
FTSE EPRA/NAREIT Developed Index +6.53 +0.57 +5.87 +6.73 +1.79

Inception Date - Class I: 01/03/06

View Detailed Performance

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.

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. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Concentration of investments in one or more real estate industries, may subject the Portfolio to greater volatility than a portfolio which is less concentrated. Price Volatility, liquidity and other risks that accompany an investment in Global Real Estate Equities. 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. Other risks of the Portfolio include but are not limited to: Convertible Securities Risks; Rule 144A Securities Risks; Initial Public Offerings Risks; Market Trends Risks; Non-Diversification Risks; Other Investment Companies 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 Portfolios risks.