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Voya Target In-Retirement Fund
mutual fund
VRRFX
Payout Change
Pending
Price as of:
$10.84
-0.03
-0.28%
primary theme
Target Date
share class
VRRFX (Mutual Fund)
Voya Target In-Retirement Fund
Payout Change
Pending
Price as of:
$10.84
-0.03
-0.28%
primary theme
Target Date
share class
VRRFX (Mutual Fund)
Voya Target In-Retirement Fund
Payout Change
Pending
Price as of:
$10.84
-0.03
-0.28%
primary theme
Target Date
share class
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.6%
1 yr return
11.9%
3 Yr Avg Return
0.6%
5 Yr Avg Return
3.5%
Net Assets
$111 M
Holdings in Top 10
94.4%
52 WEEK LOW AND HIGH
$10.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 86.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VRRFX - Profile
Distributions
- YTD Total Return 8.6%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.49%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVoya Target In-Retirement Fund
-
Fund Family NameVoya mutual funds
-
Inception DateJun 01, 2018
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Zemsky
Fund Description
The Fund invests primarily in a combination of underlying funds, which are actively managed funds or passively managed funds (index funds), including exchange-traded funds (“ETFs”) (collectively, the “Underlying Funds”). The Underlying Funds may or may not be affiliated with the Investment Adviser. The Underlying Funds invest in U.S. stocks, international stocks, U.S. bonds, and other debt instruments and the Fund uses an asset allocation strategy designed for investors who are expecting to retire soon, are already retired or who are in need of making withdrawals from their portfolio soon. The Fund's current approximate target investment allocation (expressed as a percentage of its net assets) (the “Target Allocation”) among the Underlying Funds is: 35% in equity securities and 65% in debt instruments. Although this is the Target Allocation, the actual allocation of the Fund's assets may deviate from the percentages shown.The allocation of the Fund’s assets between Underlying Funds affiliated with the Investment Adviser and Underlying Funds that are not affiliated with the Investment Adviser will vary over time, although the sub-adviser (the “Sub-Adviser”) currently expects to invest, under normal circumstances, at least 10% of the Fund’s assets, and as much as 85%, in Underlying Funds affiliated with the Investment Adviser.When investing in Underlying Funds, the Sub-Adviser takes into account a wide variety of factors and considerations, including among other things the investment strategy employed in the management of a potential Underlying Fund, and the extent to which an Underlying Fund’s investment adviser considers environmental, social, and governance (“ESG”) factors as part of its investment process. The manner in which an investment adviser uses ESG factors in its investment process will be only one of many considerations in the Sub-Adviser’s evaluation of any potential Underlying Fund, and the extent to which the consideration of ESG factors by an investment adviser will affect the Sub-Adviser’s decision to invest in an Underlying Fund, if at all, will depend on the analysis and judgment of the Sub-Adviser.The Target Allocation is measured with reference to the principal investment strategies of the Underlying Funds; actual exposure to equity securities and debt instruments will vary from the Target Allocation if an Underlying Fund is not substantially invested in accordance with its principal investment strategy. The Fund will deviate from the Target Allocation based on an assessment of the current market conditions or other factors. Generally, the deviations fall within the range of +/- 10% of the Fund’s NAV, relative to the current Target Allocation. The Sub-Adviser may determine, in light of market conditions or other factors, to deviate by a wider margin in order to protect the Fund, achieve its investment objective, or take advantage of particular opportunities.The Underlying Funds provide exposure to a wide range of traditional asset classes which include, but are not limited to: stocks, bonds, and cash and non-traditional asset classes (also known as alternative strategies) which include, but are not limited to: real estate, commodities, and floating rate loans.Equity securities in which the Underlying Funds invest include, but are not limited to: domestic and international large-, mid-, and small-capitalization stocks (which may be growth oriented, value oriented, or a blend); emerging market securities; domestic and international real estate-related securities, including real estate investment trusts (“REITs”); and natural resource/commodity-related securities.Debt instruments in which the Underlying Funds invest include, but are not limited to: domestic and international (including emerging markets) long-, intermediate-, and short-term bonds; high-yield bonds commonly referred to as “junk bonds;” floating rate loans; and U.S. Treasury Inflation Protected Securities.The Fund may invest in exchange-traded notes.The Fund may also invest in derivative instruments including, but not limited to, futures and swaps (including interest rate swaps, total return swaps, and credit default swaps), to make tactical asset allocations, as a substitute for taking a position in the underlying asset, to seek to minimize risk, and to assist in managing cash.The Target Allocation may be changed at any time by the Sub-Adviser.
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VRRFX - Performance
Return Ranking - Trailing
| Period | VRRFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | 1.4% | 15.1% | 54.10% |
| 1 Yr | 11.9% | 2.2% | 16.0% | 46.45% |
| 3 Yr | 0.6%* | -3.1% | 4.9% | 75.14% |
| 5 Yr | 3.5%* | 0.7% | 6.3% | 60.38% |
| 10 Yr | N/A* | 1.9% | 5.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | VRRFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.2% | -9.8% | 12.8% | 34.43% |
| 2022 | -17.8% | -38.3% | -3.8% | 80.33% |
| 2021 | -3.3% | -9.1% | 10.3% | 79.01% |
| 2020 | 6.6% | -13.4% | 12.6% | 29.38% |
| 2019 | 7.1% | -1.1% | 13.9% | 72.39% |
Total Return Ranking - Trailing
| Period | VRRFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | 1.4% | 15.1% | 54.10% |
| 1 Yr | 11.9% | 2.2% | 16.0% | 46.45% |
| 3 Yr | 0.6%* | -3.1% | 4.9% | 75.14% |
| 5 Yr | 3.5%* | 0.7% | 6.3% | 60.38% |
| 10 Yr | N/A* | 1.9% | 5.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | VRRFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.3% | -9.8% | 15.4% | 10.93% |
| 2022 | -7.5% | -16.9% | -2.9% | 15.30% |
| 2021 | 8.5% | -3.8% | 10.3% | 13.26% |
| 2020 | 15.5% | -13.4% | 16.6% | 2.50% |
| 2019 | 16.2% | 6.9% | 25.2% | 11.94% |
NAV & Total Return History
VRRFX - Holdings
Concentration Analysis
| VRRFX | Category Low | Category High | VRRFX % Rank | |
|---|---|---|---|---|
| Net Assets | 111 M | 3.58 M | 35.6 B | 67.39% |
| Number of Holdings | 14 | 2 | 1478 | 69.02% |
| Net Assets in Top 10 | 52.1 M | 3.08 M | 36.5 B | 71.20% |
| Weighting of Top 10 | 94.43% | 4.6% | 124.2% | 32.39% |
Top 10 Holdings
- Voya Intermediate Bond Fund 26.63%
- Nuveen SP 500 Index Fund 20.72%
- iShares Core U.S. Aggregate Bond ETF 13.88%
- Schwab US TIPS ETF 9.82%
- Vanguard FTSE Developed Markets ETF 5.57%
- Vanguard Short-Term Bond ETF 4.87%
- SPDR Portfolio High Yield Bond ETF 3.91%
- Vanguard Short-Term Corporate Bond ETF 3.90%
- iShares Core SP Mid-Cap ETF 3.03%
- Voya Multi-Manager International Equity Fund 2.11%
Asset Allocation
| Weighting | Return Low | Return High | VRRFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.84% | 0.00% | 100.21% | 28.26% |
| Convertible Bonds | 1.67% | 0.00% | 6.56% | 8.15% |
| Cash | 0.16% | -24.70% | 53.61% | 75.00% |
| Preferred Stocks | 0.00% | 0.00% | 11.70% | 35.87% |
| Other | 0.00% | -0.01% | 5.62% | 40.76% |
| Bonds | 0.00% | 0.00% | 109.30% | 70.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VRRFX % Rank | |
|---|---|---|---|---|
| Technology | 21.89% | 16.20% | 25.61% | 7.43% |
| Financial Services | 13.97% | 11.53% | 20.26% | 81.08% |
| Healthcare | 12.20% | 6.38% | 14.87% | 40.54% |
| Consumer Cyclical | 11.11% | 4.61% | 13.00% | 39.86% |
| Industrials | 9.89% | 7.75% | 12.84% | 77.70% |
| Communication Services | 8.42% | 4.20% | 8.42% | 1.35% |
| Consumer Defense | 7.06% | 4.27% | 8.57% | 30.41% |
| Energy | 4.57% | 2.88% | 13.48% | 39.86% |
| Basic Materials | 4.37% | 2.71% | 8.17% | 74.32% |
| Real Estate | 3.42% | 1.86% | 19.30% | 72.30% |
| Utilities | 3.11% | 1.85% | 8.79% | 23.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VRRFX % Rank | |
|---|---|---|---|---|
| US | 99.84% | 0.00% | 100.21% | 28.26% |
| Non US | 0.00% | 0.00% | 17.40% | 39.13% |
VRRFX - Expenses
Operational Fees
| VRRFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.05% | 13.27% | 31.15% |
| Management Fee | 0.18% | 0.00% | 0.78% | 54.65% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 67.19% |
| Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
| VRRFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| VRRFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| VRRFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 86.00% | 0.00% | 121.26% | 94.81% |
VRRFX - Distributions
Dividend Yield Analysis
| VRRFX | Category Low | Category High | VRRFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.78% | 0.00% | 9.37% | 51.09% |
Dividend Distribution Analysis
| VRRFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| VRRFX | Category Low | Category High | VRRFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.49% | -0.06% | 5.71% | 64.53% |
Capital Gain Distribution Analysis
| VRRFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.302 | OrdinaryDividend |
| Dec 30, 2022 | $0.244 | OrdinaryDividend |
| Dec 31, 2021 | $1.091 | OrdinaryDividend |
| Dec 31, 2020 | $0.274 | OrdinaryDividend |
| Aug 06, 2020 | $0.092 | OrdinaryDividend |
| Dec 31, 2019 | $0.556 | OrdinaryDividend |
| Dec 31, 2018 | $0.193 | OrdinaryDividend |
| Dec 31, 2018 | $0.001 | CapitalGainShortTerm |
| Dec 31, 2018 | $0.139 | CapitalGainLongTerm |
VRRFX - Fund Manager Analysis
Managers
Paul Zemsky
Start Date
Tenure
Tenure Rank
Dec 20, 2012
9.45
9.5%
Paul Zemsky is the chief investment officer and founder of the Multi-Asset Strategies and Solutions Team (MASS) at Voya Investment Management. He is responsible for the firm’s suite of value-added, customized and off-the-shelf products and solutions that are supported by the team’s asset allocation, manager research, quantitative research, portfolio implementation and multi-manager capabilities. Prior to joining the firm, he co-founded CaliberOne Private Funds Management, a macro hedge fund. Paul began his career at JPMorgan Investment Management, where he held a number of key positions, including head of investments for over $300 Billion of Fixed Income assets. Paul is a member of the firm’s Management Committee and a board member of Pomona Capital. He holds a dual degree in finance and electrical engineering from the Management and Technology Program at the University of Pennsylvania and holds the Chartered Financial Analyst® designation.
Barbara Reinhard
Start Date
Tenure
Tenure Rank
Sep 30, 2019
2.67
2.7%
Barbara Reinhard CFA, Portfolio Manager, joined Voya in 2016. Ms. Reinhard is the head of asset allocation for Multi-Asset Strategies and Solutions (“MASS”) at Voya Investment Management. In this role, she is responsible for strategic and tactical asset allocation decisions for the MASS team’s multi-asset strategies. Prior to joining Voya, Ms. Reinhard was the chief investment officer for Credit Suisse Private Bank in the Americas from 2011 to 2016. In that role, she managed discretionary multi-asset portfolios, was a member of the global asset allocation committee, and the pension investment committee. Prior to that, Ms. Reinhard spent 20 years of her career at Morgan Stanley.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 6.41 | 3.75 |
