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VY® CBRE Global Real Estate Portfolio
mutual fund
IRGSX
Payout Change
Pending
Price as of:
$10.43
-0.03
-0.29%
primary theme
International Real Estate
share class
IRGSX (Mutual Fund)
VY® CBRE Global Real Estate Portfolio
Payout Change
Pending
Price as of:
$10.43
-0.03
-0.29%
primary theme
International Real Estate
share class
IRGSX (Mutual Fund)
VY® CBRE Global Real Estate Portfolio
Payout Change
Pending
Price as of:
$10.43
-0.03
-0.29%
primary theme
International Real Estate
share class
Name
As of 12/12/2024Price
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
3.6%
1 yr return
7.3%
3 Yr Avg Return
-3.5%
5 Yr Avg Return
2.6%
Net Assets
$177 M
Holdings in Top 10
39.0%
52 WEEK LOW AND HIGH
$10.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 74.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
IRGSX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return -3.5%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.70%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVY® CBRE Global Real Estate Portfolio
-
Fund Family NameVoya mutual funds
-
Inception DateMay 03, 2006
-
Shares OutstandingN/A
-
Share ClassS2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph Smith
Fund Description
Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings for investment purposes) in a portfolio of equity securities of companies that are principally engaged in the real estate industry. The Portfolio will provide shareholders with at least 60 days' prior notice of any change in this investment policy.The sub-adviser (the “Sub-Adviser”) considers a company to be principally engaged in the real estate industry if the company: (i) derives at least 50% of its total revenue or earnings from owning, operating, developing, constructing, financing, managing, and/or selling commercial, industrial, or residential real estate; or (ii) has at least 50% of its assets invested in real estate. The Portfolio will have investments located in a number of different countries, including the U.S. As a general matter, the Portfolio expects these investments to be in common stocks of companies of any market capitalization, including real estate investment trusts (“REITs”). The Portfolio may invest in companies located in countries with emerging securities markets.The Portfolio 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 “1940 Act”). The Portfolio may also invest in convertible securities, initial public offerings (“IPOs”), and Rule 144A securities.The Sub-Adviser uses a multi-step investment process for constructing the Portfolio's investment portfolio that combines top-down region and sector allocation with bottom-up individual stock selection.First, the Sub-Adviser selects sectors and geographic regions in which to invest and determines the degree of representation of such sectors and regions through a systematic evaluation of public and private property market trends and conditions.Second, the Sub-Adviser uses proprietary analytical techniques to conduct fundamental company analysis, which provides a framework for security selection. This approach incorporates several quantitative and qualitative factors that aid in evaluating performance characteristics of individual securities independently and relative to each other.The Sub-Adviser will also typically employ third-party portfolio optimization tools to help in its evaluation of the Portfolio’s current portfolio and its identification of potential investments for the Portfolio.In evaluating investments for the Portfolio, the Sub-Adviser takes into account a wide variety of factors and considerations to determine whether any or all of those factors or considerations might have a material effect on the value, risks, or prospects of a company. Among the factors considered, the Sub-Adviser expects typically to take into account environmental, social, and governance (“ESG”) factors. In considering ESG factors, the Sub-Adviser intends to rely primarily on factors identified through internal research and information from independent global providers of ESG and corporate governance research. ESG factors will be only one of many considerations in the Sub-Adviser’s evaluation of any potential investment; as ESG assessment is considered alongside the fundamental valuation model in the Sub-Adviser’s analysis, the Sub-Adviser generally will not forgo potential investments strictly based on the evaluation of ESG factors.The Sub-Adviser may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into opportunities believed to be more promising.The Portfolio may lend portfolio securities on a short-term or long-term basis, up to 33 1∕3% of its total assets.
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IRGSX - Performance
Return Ranking - Trailing
| Period | IRGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -10.0% | 31.4% | 57.23% |
| 1 Yr | 7.3% | -8.6% | 35.1% | 49.71% |
| 3 Yr | -3.5%* | -17.7% | 16.8% | 41.32% |
| 5 Yr | 2.6%* | -10.5% | 14.8% | 20.25% |
| 10 Yr | 3.2%* | -2.8% | 10.6% | 61.74% |
* Annualized
Return Ranking - Calendar
| Period | IRGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.3% | -16.8% | 16.7% | 31.58% |
| 2022 | -31.7% | -39.5% | 4.5% | 91.02% |
| 2021 | 30.6% | -0.9% | 30.7% | 1.84% |
| 2020 | -19.3% | -19.7% | 13.7% | 98.16% |
| 2019 | 21.2% | 1.0% | 26.5% | 19.14% |
Total Return Ranking - Trailing
| Period | IRGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -10.0% | 31.4% | 57.23% |
| 1 Yr | 7.3% | -8.6% | 35.1% | 49.71% |
| 3 Yr | -3.5%* | -17.7% | 16.8% | 41.32% |
| 5 Yr | 2.6%* | -10.5% | 14.8% | 20.25% |
| 10 Yr | 3.2%* | -2.8% | 10.6% | 61.74% |
* Annualized
Total Return Ranking - Calendar
| Period | IRGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.1% | -14.6% | 23.4% | 21.64% |
| 2022 | -25.2% | -39.5% | 10.1% | 37.13% |
| 2021 | 33.9% | 5.7% | 101.8% | 2.45% |
| 2020 | -5.2% | -17.8% | 14.7% | 61.96% |
| 2019 | 24.1% | 4.3% | 37.2% | 48.77% |
NAV & Total Return History
IRGSX - Holdings
Concentration Analysis
| IRGSX | Category Low | Category High | IRGSX % Rank | |
|---|---|---|---|---|
| Net Assets | 177 M | 4.27 M | 7.48 B | 64.12% |
| Number of Holdings | 99 | 5 | 691 | 26.01% |
| Net Assets in Top 10 | 74.4 M | 2.13 M | 4.55 B | 67.05% |
| Weighting of Top 10 | 38.97% | 20.1% | 63.7% | 48.84% |
Top 10 Holdings
- Equinix Inc 8.01%
- Realty Income Corp 6.90%
- Simon Property Group Inc 6.39%
- Welltower Inc 2.83%
- VICI Properties Inc 2.82%
- Extra Space Storage Inc 2.63%
- CubeSmart 2.55%
- Sun Communities Inc 2.36%
- Goodman Group 2.33%
- Prologis Inc 2.14%
Asset Allocation
| Weighting | Return Low | Return High | IRGSX % Rank | |
|---|---|---|---|---|
| Stocks | 99.01% | 3.62% | 126.54% | 43.35% |
| Other | 2.29% | -33.49% | 101.32% | 4.05% |
| Cash | 0.52% | 0.00% | 11.23% | 80.92% |
| Preferred Stocks | 0.00% | 0.00% | 7.25% | 9.83% |
| Convertible Bonds | 0.00% | 0.00% | 0.07% | 5.20% |
| Bonds | 0.00% | 0.00% | 22.09% | 6.94% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IRGSX % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 72.53% | 100.00% | 0.59% |
| Utilities | 0.00% | 0.00% | 0.96% | 5.92% |
| Technology | 0.00% | 0.00% | 4.92% | 40.24% |
| Industrials | 0.00% | 0.00% | 4.91% | 20.12% |
| Healthcare | 0.00% | 0.00% | 1.54% | 15.98% |
| Financial Services | 0.00% | 0.00% | 9.53% | 20.71% |
| Energy | 0.00% | 0.00% | 0.11% | 2.37% |
| Communication Services | 0.00% | 0.00% | 10.08% | 60.36% |
| Consumer Defense | 0.00% | 0.00% | 0.18% | 4.14% |
| Consumer Cyclical | 0.00% | 0.00% | 13.03% | 65.09% |
| Basic Materials | 0.00% | 0.00% | 1.63% | 7.10% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IRGSX % Rank | |
|---|---|---|---|---|
| US | 63.01% | 0.00% | 102.76% | 57.80% |
| Non US | 36.00% | 0.00% | 99.07% | 26.01% |
IRGSX - Expenses
Operational Fees
| IRGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.49% | 0.10% | 36.96% | 37.57% |
| Management Fee | 0.90% | 0.09% | 1.50% | 75.58% |
| 12b-1 Fee | 0.40% | 0.00% | 1.00% | 53.33% |
| Administrative Fee | N/A | 0.01% | 0.25% | 62.38% |
Sales Fees
| IRGSX 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
| IRGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| IRGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 74.00% | 1.00% | 165.00% | 53.57% |
IRGSX - Distributions
Dividend Yield Analysis
| IRGSX | Category Low | Category High | IRGSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.63% | 0.00% | 5.52% | 83.82% |
Dividend Distribution Analysis
| IRGSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| IRGSX | Category Low | Category High | IRGSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.70% | -0.23% | 3.84% | 33.53% |
Capital Gain Distribution Analysis
| IRGSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 13, 2023 | $0.152 | OrdinaryDividend |
| Jul 13, 2023 | $0.101 | CapitalGainLongTerm |
| Jul 13, 2022 | $0.331 | OrdinaryDividend |
| Jul 13, 2022 | $0.058 | CapitalGainShortTerm |
| Jul 13, 2022 | $0.530 | CapitalGainLongTerm |
| Jul 13, 2021 | $0.314 | OrdinaryDividend |
| Jul 13, 2020 | $0.624 | OrdinaryDividend |
| Jul 13, 2020 | $0.072 | CapitalGainShortTerm |
| Jul 13, 2020 | $0.877 | CapitalGainLongTerm |
| Oct 01, 2019 | $0.001 | Extra |
| Jul 12, 2019 | $0.307 | OrdinaryDividend |
| Jul 13, 2018 | $0.608 | OrdinaryDividend |
| Oct 02, 2017 | $0.012 | ExtraDividend |
| Jul 14, 2017 | $0.396 | OrdinaryDividend |
| Sep 15, 2016 | $0.039 | ExtraDividend |
| Jul 14, 2016 | $0.070 | OrdinaryDividend |
| Sep 14, 2015 | $0.001 | ExtraDividend |
| Jul 14, 2015 | $0.335 | OrdinaryDividend |
| Jul 14, 2014 | $0.110 | OrdinaryDividend |
| Jul 16, 2013 | $0.611 | OrdinaryDividend |
| Jul 16, 2012 | $0.036 | OrdinaryDividend |
| Jul 14, 2011 | $0.316 | OrdinaryDividend |
| Jul 14, 2010 | $0.831 | OrdinaryDividend |
| Jul 15, 2009 | $0.165 | OrdinaryDividend |
| Jul 02, 2007 | $0.167 | OrdinaryDividend |
| Jul 02, 2007 | $0.010 | CapitalGainLongTerm |
| Dec 29, 2006 | $0.018 | ExtraDividend |
| Dec 27, 2006 | $0.159 | OrdinaryDividend |
| Dec 27, 2006 | $0.081 | CapitalGainShortTerm |
| Dec 27, 2006 | $0.018 | CapitalGainLongTerm |
IRGSX - Fund Manager Analysis
Managers
Joseph Smith
Start Date
Tenure
Tenure Rank
Feb 28, 2007
15.26
15.3%
Mr. Smith has managed the MainStay CBRE Global Infrastructure Megatrends Fund since 2021 and the MainStay CBRE Global Infrastructure Fund since 2021. He joined CBRE's predecessor firm in 1997. Prior to that, Mr. Smith worked in various management and analyst positions in the real estate industry including positions at Alex Brown & Sons, PaineWebber and Radnor Advisors. Mr. Smith has over 29 years of real estate investment management experience. He has his B.S. from Villanova University and his M.B.A. from the Wharton School, University of Pennsylvania. He is also a CFA charterholder.
Christopher Reich
Start Date
Tenure
Tenure Rank
Jan 31, 2020
2.33
2.3%
Christopher Reich is a Global Portfolio Manager, Head of Quantitative Research, a member of the CBRE Investment Management’s Senior Leadership Council, Listed Real Assets Management and Global Investment Policy Committees. Christopher joined the predecessor firm of CBRE Investment Management's Listed Real Assets business in 1999. His post work history includes various management and analyst positions with UBS Securities, LLC and Accenture. Christopher has over 25 years of financial industry and investment management experience. Credentials - Chartered Financial Analyst (CFA) Education - Masters of Science in Analytics, Villanova University, 2018 - M.B.A., Stern School, New York University, 2002 (Beta Gamma Sigma Honor Society) - B.S., Bucknell University, 1994 (Dean’s List, member of Alpha Lambda Delta Honor Society)
Kenneth Weinberg
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Kenneth Weinberg is a Global Portfolio Manager, a member of CBRE Investment Management’s Listed Real Assets business’ Global Investment Policy Committee, and co-leader of the U.S. real estate securities research team. Kenneth joined the predecessor firm of CBRE Investment Management's Listed Real Assets business in 2004. Prior to that, Kenneth worked in various management and analyst positions in the real estate industry including positions with Legg Mason Wood Walker, Inc. and Prudential Real Estate Investors. Kenneth has over 28 years of real estate investment management experience. Credentials - National Association of Real Estate Investment Trusts (NAREIT) - Chartered Financial Analyst (CFA) Education - M.B.A., Fuqua School, Duke University, 1999 - B.S., Duke University (cum laude and with Departmental Distinction), 1991
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 20.42 | 7.12 | 10.42 |
