Voya Solution Balanced Portfolio - Class I
Voya offers four Risk-Based Solution Portfolios to meet participant needs as they prepare for retirement. Investors can select the appropriate Voya Risk-Based Solution Portfolio based on their individual risk profile. The Portfolio invests in a combination of Underlying Funds, which are actively managed funds or passively managed funds (index funds) that invest in U.S. stocks, international stocks, U.S. bonds and other fixed-income investments using asset allocation strategies designed for investors saving for retirement. It is important for investors to regularly assess their risk profile, to ensure that they are invested in a diversified portfolio that appropriately meets their needs over time, as they approach retirement.
Voya Solution Growth Portfolio - The Portfolio seeks to provide capital growth through a diversified asset allocation strategy.
Daily Prices as of 12/13/2017
|Net Asset Value (NAV)||$10.38|
|Public Offering Price (POP)||$10.38|
|Inception Date||Jul 02, 2007|
Paul Zemsky, CFA
Chief Investment Officer of Multi-Asset Strategies
Managed Fund since 2007
Portfolio Statistics as of 11/30/2017
|Net Assets millions||$60.4|
|Number of Holdings||26|
|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.|
|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.|
Portfolio Composition as of 10/31/2017
|Large Cap U.S.||27.86|
|Core Fixed Income||18.47|
|Mid Cap U.S.||8.16|
|Small Cap U.S.||4.11|
|High Yield Bond||3.93|
|Global Real Estate||1.94|
Top Holdings % of Total Investments as of 10/31/2017
|VY T. Rowe Price Capital Appreciation Portfolio Class I||9.97|
|Voya Intermediate Bond Fund Class R6||9.75|
|Voya Multi-Manager Large Cap Core Portfolio Class I||6.03|
|Voya Large Cap Growth Portfolio Class I||5.10|
|Voya Multi-Manager International Factors Fund Class I||5.07|
|Voya Large Cap Value Fund Class R6||5.06|
|Voya Floating Rate Fund Class I||4.90|
|Voya U.S. Bond Index Portfolio Class I||4.36|
|VY Goldman Sachs Bond Portfolio Class I||4.36|
|Voya Small Company Portfolio Class I||4.11|
• On September 30, 2014, the Voya Target Date Solution Portfolio Series and the Voya Risk-Based Solution Portfolio Series removed all assets from the VY PIMCO Bond Portfolio. The target allocation to VY PIMCO Bond Portfolio, to the extent each Fund had a target allocation to VY PIMCO Bond Portfolio, was reallocated to the Voya U.S. Index Bond Portfolio.
• On September 30, 2014, the Voya Retirement Solution Fund Series removed all assets from the VY PIMCO Total Return ETF. The target allocation to VY PIMCO Total Return ETF, to the extent each Fund had a target allocation to VY PIMCO Total Return ETF, was reallocated between Voya Intermediate Bond Fund and Barclays Core US Aggregate Bond ETF.
• On October 2, 2014, the Voya Target Solution Trust Series and the Voya Lifetime Income Protection Portfolio 2030 removed all assets from the PIMCO Core Bond Trust. The target allocation to PIMCO Core Bond Trust, to the extent each Fund had a target allocation to PIMCO Core Bond Trust, was reallocated to BlackRock U.S. Debt Index Trust.
Growth of a $10,000 Investment
For the period 11/30/2007 through 11/30/2017
Ending Value: $15,933.00
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.
Growth of a $10k Investment (Print Version Only)
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.
Calendar Year Returns % (Print Version Only)
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||+13.90||+15.37||+6.32||+8.77||+4.77||0.94%||0.80%|
|S&P Target Risk Growth Index||+15.01||+16.65||+6.73||+8.94||+5.28||—||—|
|Net Asset Value||+10.71||+11.78||+6.46||+8.13||+4.38||0.94%||0.80%|
|S&P Target Risk Growth Index||+12.18||+11.81||+6.96||+8.46||+5.00||—||—||—|
Inception Date - Class I: 07/02/07
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 Portfolio's Acquired (Underlying) Funds Fees and Expenses are based on a weighted average of the fees and expenses of the Underlying Funds in which it invests. The amount of fees and expenses of the Underlying funds borne by a Portfolio will vary based on the Portfolio's allocation of assets to, and annualized net expenses of, the particular Underlying Funds during the Portfolio's fiscal year.
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.
S&P Target Risk Growth Index
The Standard and Poor's ("S&P") Target Risk Growth Index is a broad-based index that seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The index is fully investable, with varying levels of exposure to equities and fixed-income through a family of exchange-traded funds. The index offers increased exposure to equities, while also using some fixed-income exposure to diversify risk. The index returns include the reinvestment of dividends and distributions net of withholding taxes, but do not reflect fees, brokerage commissions, or other expenses. Investors cannot directly invest in an index.
Principal Risks: As with any portfolio, you could lose money on your investment in the Voya 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 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 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 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 Solution Portfolios and certain other management investment companies.