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Trending ETFs

Voya Multi-Manager Mid Cap Value Fund

mutual fund
IMCVX
Payout Change
Pending
Price as of:
$11.22 -0.04 -0.36%
primary theme
U.S. Mid-Cap Value Equity
share class
IMCVX (Mutual Fund)

Voya Multi-Manager Mid Cap Value Fund

Payout Change
Pending
Price as of:
$11.22 -0.04 -0.36%
primary theme
U.S. Mid-Cap Value Equity
share class
IMCVX (Mutual Fund)

Voya Multi-Manager Mid Cap Value Fund

Payout Change
Pending
Price as of:
$11.22 -0.04 -0.36%
primary theme
U.S. Mid-Cap Value Equity
share class

Name

As of 12/03/2024

Price

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

$11.22

$152 M

0.83%

$0.09

0.80%

Vitals

YTD Return

18.2%

1 yr return

24.8%

3 Yr Avg Return

6.5%

5 Yr Avg Return

9.4%

Net Assets

$152 M

Holdings in Top 10

15.8%

52 WEEK LOW AND HIGH

$11.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.80%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250,000

IRA

$250,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/03/2024

Price

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

$11.22

$152 M

0.83%

$0.09

0.80%

IMCVX - Profile

Distributions

  • YTD Total Return 18.2%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Voya Multi-Manager Mid Cap Value Fund
  • Fund Family Name
    Voya mutual funds
  • Inception Date
    Oct 03, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Josef Lakonishok

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks of mid-capitalization companies. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy.For this Fund, Victory Capital Management Inc. (“Victory Capital”) and Voya Investment Management Co. LLC (“Voya IM”) (each, a “Sub-Adviser” and together, the “Sub-Advisers”) define mid-capitalization companies as companies with market capitalizations that fall within the range of companies within the Russell Midcap® Index and the S&P MidCap 400® Index at the time of purchase. The market capitalization of companies within the indices will change with market conditions. As of June 30, 2024, the market capitalization of companies within the Russell Midcap® Index ranged from $364 million to $ 93.4 billion, and the market capitalization of companies within the S&P MidCap 400® Index ranged from $2.1 billion to $51.9 billion.The Fund focuses on securities that the Sub-Advisers believe are undervalued in the marketplace.The Fund expects to invest primarily in securities of U.S.-based companies, but may also invest in securities of foreign (non-U.S.) companies.The Fund may invest in real estate-related securities, including real estate investment trusts (“REITs”).The Fund may also invest in derivative instruments including, but not limited to, futures, as a substitute for securities in which the Fund can invest, for cash management, and/or to seek to enhance returns in the Fund.The Fund may invest in other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted under the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder.The Investment Adviser allocates the Fund’s assets to different sub-advisers. When selecting sub-advisers, the Investment Adviser takes into account a wide variety of factors and considerations, including among other things the investment strategy of a potential sub-adviser, its personnel, and its fit with other sub-advisers to the Fund. Among those, the Investment Adviser will typically consider the extent to which a potential sub-adviser takes into account environmental, social, and governance (“ESG”) factors as part of its investment process. ESG factors will be only one of many considerations in the Investment Adviser’s evaluation of any potential sub-adviser; the extent to which ESG factors will affect the Investment Adviser’s decision to retain a sub-adviser, if at all, will depend on the analysis and judgment of the Investment Adviser.The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and ETFs to implement its investment process.The Sub-Advisers provide the day-to-day management of the Fund. The Sub-Advisers act independently of each other and use their own methodology for selecting investments. The Investment Adviser will determine the amount of Fund assets allocated to each Sub-Adviser.The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 13% of its total assets.Victory CapitalVictory Capital invests in companies that it believes to be of high quality based on criteria such as market share position, profitability, balance sheet strength, competitive advantages, management competence and the ability to generate excess cash flow. Victory Capital uses a bottom-up investment process in conducting fundamental analysis to identify companies that have sustainable returns trading below Victory Capital’s assessment of intrinsic value and prospects for an inflection in business fundamentals that will enable the stock price to be revalued higher. Victory Capital may sell a security if it believes the stock has reached its fair value estimate, if a more attractive opportunity is identified, or if the fundamentals of the company deteriorate.Voya IMTo manage its portion of the Fund’s assets, Voya IM employs a “passive management” approach designed to track the performance of a custom index created by FTSE Russell for Voya IM, the Russell Midcap® Value Select Factor Index (the “Index”). The Index is designed to capture exposure to a broad set of five factors that contribute to equity market performance. These five factors are Low Volatility, Momentum, Quality, Size, and Value. As a result of the five factor selection process, the Index may be focused in one or more sectors, which may change from time to time. As of June 30, 2024, a portion of the Index was focused in the industrials sector.Voya IM seeks to replicate the performance of the Index, meaning it generally will invest in all of the securities in the Index in weightings, consistent with that of the Index. The Fund’s portfolio may not always hold all of the same securities as the Index. Voya IM may also invest in ETFs, stock index futures, and other derivatives as a substitute for the sale or purchase of securities in the Index and to provide equity exposure to the Fund’s cash position. Although Voya IM attempts to track, as closely as possible, the performance of the Index, the Fund’s portfolio does not always perform exactly like the Index. Unlike the Index, the Fund has operating expenses and transaction costs and therefore has a performance disadvantage versus the Index.Voya IM may sell securities for a variety of reasons, such as to rebalance and reconstitute its investments in connection with such changes in the Index, secure gains, limit losses, or redeploy assets into opportunities believed to be more promising.
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IMCVX - Performance

Return Ranking - Trailing

Period IMCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.2% 5.8% 38.2% 51.67%
1 Yr 24.8% 12.5% 46.1% 56.67%
3 Yr 6.5%* 0.9% 19.1% 82.25%
5 Yr 9.4%* 1.4% 19.1% 68.97%
10 Yr 7.7%* 1.9% 12.1% 71.10%

* Annualized

Return Ranking - Calendar

Period IMCVX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -11.3% 33.3% 56.39%
2022 -18.4% -41.6% 2.3% 83.43%
2021 11.4% -41.5% 44.9% 79.15%
2020 -1.7% -29.0% 22.1% 69.63%
2019 15.7% -8.1% 31.2% 84.02%

Total Return Ranking - Trailing

Period IMCVX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.2% 5.8% 38.2% 51.67%
1 Yr 24.8% 12.5% 46.1% 56.67%
3 Yr 6.5%* 0.9% 19.1% 82.25%
5 Yr 9.4%* 1.4% 19.1% 68.97%
10 Yr 7.7%* 1.9% 12.1% 71.10%

* Annualized

Total Return Ranking - Calendar

Period IMCVX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -1.7% 36.5% 81.94%
2022 -11.4% -35.0% 2.4% 82.02%
2021 29.5% 6.2% 48.3% 44.51%
2020 2.6% -22.9% 23.2% 51.00%
2019 27.6% -3.0% 35.7% 43.79%

NAV & Total Return History


IMCVX - Holdings

Concentration Analysis

IMCVX Category Low Category High IMCVX % Rank
Net Assets 152 M 991 K 28 B 81.16%
Number of Holdings 334 8 2308 5.82%
Net Assets in Top 10 26.3 M 349 K 5.52 B 85.60%
Weighting of Top 10 15.84% 4.6% 100.2% 73.68%

Top 10 Holdings

  1. Alliant Energy Corp 1.84%
  2. Willis Towers Watson PLC 1.70%
  3. Quest Diagnostics Inc 1.67%
  4. NNN REIT Inc 1.66%
  5. US Foods Holding Corp 1.54%
  6. Hartford Financial Services Group Inc/The 1.51%
  7. Crown Holdings Inc 1.51%
  8. BJ's Wholesale Club Holdings Inc 1.49%
  9. Textron Inc 1.47%
  10. Packaging Corp of America 1.45%

Asset Allocation

Weighting Return Low Return High IMCVX % Rank
Stocks
99.08% 55.64% 103.53% 32.13%
Cash
0.98% 0.00% 27.43% 60.39%
Preferred Stocks
0.00% 0.00% 1.68% 13.30%
Other
0.00% 0.00% 7.98% 42.38%
Convertible Bonds
0.00% 0.00% 0.02% 6.69%
Bonds
0.00% 0.00% 19.09% 11.08%

Stock Sector Breakdown

Weighting Return Low Return High IMCVX % Rank
Financial Services
19.68% 0.00% 60.11% 30.64%
Industrials
14.68% 0.00% 29.02% 56.27%
Technology
13.54% 0.00% 30.07% 8.91%
Consumer Cyclical
13.53% 0.00% 29.62% 25.91%
Real Estate
11.37% 0.00% 40.74% 15.88%
Healthcare
8.83% 0.00% 32.47% 47.63%
Basic Materials
5.03% 0.00% 23.88% 58.22%
Consumer Defense
5.00% 0.00% 33.79% 65.74%
Energy
3.02% 0.00% 29.17% 87.19%
Utilities
2.83% 0.00% 24.69% 79.11%
Communication Services
2.50% 0.00% 19.80% 50.42%

Stock Geographic Breakdown

Weighting Return Low Return High IMCVX % Rank
US
99.08% 55.64% 103.53% 27.98%
Non US
0.00% 0.00% 33.85% 25.76%

IMCVX - Expenses

Operational Fees

IMCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.06% 16.92% 73.89%
Management Fee 0.69% 0.00% 1.20% 42.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 39.30%

Sales Fees

IMCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

IMCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

IMCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 227.00% 47.42%

IMCVX - Distributions

Dividend Yield Analysis

IMCVX Category Low Category High IMCVX % Rank
Dividend Yield 0.83% 0.00% 22.79% 73.61%

Dividend Distribution Analysis

IMCVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

IMCVX Category Low Category High IMCVX % Rank
Net Income Ratio 1.58% -1.84% 4.73% 11.17%

Capital Gain Distribution Analysis

IMCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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IMCVX - Fund Manager Analysis

Managers

Josef Lakonishok


Start Date

Tenure

Tenure Rank

Feb 10, 2014

8.31

8.3%

Dr. Lakonishok joined LSV in 1994, where he currently serves as Chief Executive Officer, Chief Investment Officer, Partner and Portfolio Manager Dr. Lakonishok has more than 30 years of investment and research experience. Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.

Menno Vermeulen


Start Date

Tenure

Tenure Rank

Feb 10, 2014

8.31

8.3%

Menno Vermeulen, CFA, is a Partner, Portfolio Manager and Senior Quantitative Analyst of LSV. Dr. Lakonishok joined LSV in 1994. Vermeulen has more than 21 years of investment experience. At LSV, Mr. Vermeulen has developed and written the software for our quantitative models and portfolio management system. He leads our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Vermeulen is also involved in the research process at LSV. Prior to joining LSV, he worked at ABP

Puneet Mansharamani


Start Date

Tenure

Tenure Rank

Feb 10, 2014

8.31

8.3%

Puneet Mansharamani, CFA, is a Partner, Portfolio Manager and Quantitative Analyst of LSV. Mr. Mansharamani has more than 14 years of investment experience. At LSV, Mr. Mansharamani is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications fo

Guy Lakonishok


Start Date

Tenure

Tenure Rank

Jul 01, 2014

7.92

7.9%

Guy Lakonishok, CFA is a Partner, Portfolio Manager and Quantitative Analyst at LSV. Prior to joining LSV, Mr. Lakonishok was a Vice President in the Quantitative Equity group at BlackRock. His responsibilities included research, portfolio implementation, system development and performance attribution. Prior to this experience, Mr. Lakonishok was an analyst in the Quantitative Equity group at Weiss, Peck, and Greer, where he was responsible for developing portfolio analytics and assisting in the day-to-day management of the portfolios. Mr. Lakonishok received a B.S. in Applied Science with

Greg Sleight


Start Date

Tenure

Tenure Rank

Jul 01, 2014

7.92

7.9%

Greg Sleight is a Partner, Portfolio Manager and Quantitative Analyst of LSV. At LSV, Mr. Sleight is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Sleight received a B.S. in Material Science & Engineering from the University of Illinois in 2000 and an M.B.A. in Econometrics, Economics & Analytic Finance from the University of Chicago in 2006.

John Schaeffer


Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

John D. Schaeffer is President and Chief Investment Officer at Hahn Capital Management. He joined HCM in 2003. Prior to joining HCM, Mr. Schaeffer was a Partner and Director of Equity Research at 3Bridge Capital, an investment management firm. Prior to 3Bridge Capital, Mr. Schaeffer held a senior analyst position at Hanson Investment Management, a wholly owned subsidiary of United Asset Management. Mr. Schaeffer has an MBA in Finance from the University of California - Berkeley and a BA in Political Science from Duke University.

Paul Zemsky


Start Date

Tenure

Tenure Rank

May 11, 2018

4.06

4.1%

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.

Michael Whitfield


Start Date

Tenure

Tenure Rank

Jul 01, 2018

3.92

3.9%

Michael Whitfield, CFA Director of Research and Co-Portfolio Manager (2005-present) Fund manager since 2018, Director of Research and Co-Portfolio Manager (2018-present). Prior to becoming Director of Research and Co-Portfolio Manager in 2018, Michael Whitfield had served as senior analyst since 2005. He is responsible for the generation of new investment candidates and maintains coverage of one-third of the portfolio holdings. He also leads the firm’s IT support functions. Mr. Whitfield formerly was employed as an Equity Analyst for six years with Wachovia Securities, specializing in the industrial technology and automation sector as well as the wireless equipment sector. He spent several years as a Patent Examiner with the U.S. Patent and Trademark Office. Mr. Whitfield received his CFA charter designation in 2001. Mr. Whitfield holds an MBA from Southern Methodist University and a BS in Electrical Engineering from Virginia Polytechnic Institute & State University.

Steven Wetter


Start Date

Tenure

Tenure Rank

Nov 15, 2019

2.54

2.5%

Steven Wetter is a portfolio manager for the portfolio engineering group at Voya Investment Management responsible for the index, research enhanced index and rules-based strategies. Prior to joining Voya IM, he served as Co-Head of International Indexing responsible for managing ETFs, index funds and quantitative portfolios at BNY Mellon, and formerly held similar positions at Northern Trust and Bankers Trust. Steve earned a BA from the University of California at Berkeley, and an MBA in finance (with distinction) from New York University Stern School of Business.

Kai Wong


Start Date

Tenure

Tenure Rank

Nov 15, 2019

2.54

2.5%

Kai Yee Wong is a portfolio manager for the portfolio engineering group at Voya Investment Management responsible for the index, research enhanced index and rules-based strategies. Prior to joining the firm in 2012, she worked as a senior equity portfolio manager at Northern Trust responsible for managing various global indices including developed, emerging, real estate, Topix and socially responsible benchmarks. Previously Kai Yee served as a portfolio manager with Deutsche Bank, an assistant treasurer at Bankers Trust and a trust officer at the Bank of Tokyo. She earned a BS from New York University Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.15 10.92