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Voya Multi-Manager International Small Cap Fund
mutual fund
NARCX
Payout Change
Pending
Price as of:
$55.33
+0.37
+0.67%
primary theme
International Mid-Cap Blend Equity
share class
NARCX (Mutual Fund)
Voya Multi-Manager International Small Cap Fund
Payout Change
Pending
Price as of:
$55.33
+0.37
+0.67%
primary theme
International Mid-Cap Blend Equity
share class
NARCX (Mutual Fund)
Voya Multi-Manager International Small Cap Fund
Payout Change
Pending
Price as of:
$55.33
+0.37
+0.67%
primary theme
International Mid-Cap Blend Equity
share class
Name
As of 12/11/2024Price
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
14.1%
3 Yr Avg Return
0.6%
5 Yr Avg Return
6.1%
Net Assets
$283 M
Holdings in Top 10
8.6%
52 WEEK LOW AND HIGH
$55.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.32%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
NARCX - Profile
Distributions
- YTD Total Return 8.6%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 6.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.03%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVoya Multi-Manager International Small Cap Fund
-
Fund Family NameVoya mutual funds
-
Inception DateAug 31, 1994
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel LeVan
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of small market capitalization companies. The Fund will provide shareholders with at least 60 days' prior notice of any change in this investment policy. The Fund currently considers small-capitalization companies to be those companies with market capitalizations that fall within the range of companies in the S&P Developed ex-U.S. Small Cap Index (the “Index”) at the time of purchase. Capitalization of companies in the Index will change with market conditions. The market capitalization of companies within the Index will change with market conditions. As as of December 31, 2023, the market capitalization of companies within the Index ranged from $29.6 million to $16.4 billion. At least 65% of the Fund's assets will normally be invested in companies located outside the U.S., including companies located in countries with emerging securities markets. The Fund may invest up to 35% of its assets in U.S. issuers. The Fund may hold both growth and value stocks and at times may favor one over the other based on available opportunities.The Fund invests primarily in common stocks or securities convertible into common stocks of international issuers, but may invest from time to time in such instruments as forward foreign currency exchange contracts, futures contracts, rights, and depositary receipts. The Fund may invest in forward foreign currency exchange contracts or futures contracts to hedge currency and for implementation of a currency model within the portfolio. The Fund may invest in futures contracts to allow market exposure in a cost efficient way, maintain exposure to an asset class in the case of large cash flows, and to have access to a particular market in which the Fund wishes to invest.The Fund may invest in real estate-related securities, including real estate investment trusts (“REITs”).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.Acadian Asset Management LLC (“Acadian”) and Victory Capital Management Inc. (“Victory Capital”) (each, a “Sub-Adviser”and together, 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.Each 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 Fund may lend portfolio securities on a short-term or long-term basis, up to 30% of its total assets.AcadianAcadian employs a quantitative investment process which is driven by proprietary valuation models that examine stocks simultaneously from a bottom-up perspective to attempt to predict how each stock will perform relative to its region-industry intersection, and from a top-down perspective to attempt to predict how each stock’s country, industry group, and country intersection will perform relative to their market peers.Victory CapitalVictory Capital employs a bottom-up investment approach that emphasizes individual stock selection. The investment process uses a combination of quantitative and traditional qualitative, fundamental analysis to identify stocks with low relative price multiples, positive trends in earnings forecasts, high profitability and companies with a strong or positively trending ESG profile. The stock selection process is designed to produce a diversified portfolio that, relative to the Index, tends to have a below-average price-to-earnings ratio, an above-average earnings growth trend, and an above-average return on invested capital. ESG investing considerations are not a primary or exclusive factor, but rather an additional inclusive consideration to Victory Capital’s process.
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NARCX - Performance
Return Ranking - Trailing
| Period | NARCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -2.3% | 14.1% | 18.29% |
| 1 Yr | 14.1% | 4.8% | 19.7% | 29.27% |
| 3 Yr | 0.6%* | -5.0% | 6.3% | 40.00% |
| 5 Yr | 6.1%* | 1.0% | 8.5% | 11.69% |
| 10 Yr | 6.0%* | 3.7% | 7.3% | 43.48% |
* Annualized
Return Ranking - Calendar
| Period | NARCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.7% | 1.1% | 25.3% | 57.32% |
| 2022 | -21.2% | -35.4% | -13.9% | 48.75% |
| 2021 | 1.0% | -5.3% | 14.4% | 84.42% |
| 2020 | 14.0% | 3.1% | 17.0% | 27.27% |
| 2019 | 21.5% | 13.1% | 25.4% | 35.71% |
Total Return Ranking - Trailing
| Period | NARCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -2.3% | 14.1% | 18.29% |
| 1 Yr | 14.1% | 4.8% | 19.7% | 29.27% |
| 3 Yr | 0.6%* | -5.0% | 6.3% | 40.00% |
| 5 Yr | 6.1%* | 1.0% | 8.5% | 11.69% |
| 10 Yr | 6.0%* | 3.7% | 7.3% | 43.48% |
* Annualized
Total Return Ranking - Calendar
| Period | NARCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | 2.5% | 25.8% | 79.27% |
| 2022 | -19.3% | -35.4% | -10.9% | 45.00% |
| 2021 | 14.6% | 7.7% | 18.9% | 18.18% |
| 2020 | 14.6% | 3.5% | 18.1% | 19.48% |
| 2019 | 23.3% | 17.4% | 32.7% | 44.29% |
NAV & Total Return History
NARCX - Holdings
Concentration Analysis
| NARCX | Category Low | Category High | NARCX % Rank | |
|---|---|---|---|---|
| Net Assets | 283 M | 6.37 M | 12.1 B | 73.17% |
| Number of Holdings | 1292 | 2 | 4796 | 14.63% |
| Net Assets in Top 10 | 24.7 M | 1.72 M | 12.6 B | 79.27% |
| Weighting of Top 10 | 8.64% | 5.7% | 102.9% | 84.15% |
Top 10 Holdings
- Pandora A/S 1.15%
- ROCKWOOL A/S 1.11%
- Celestica Inc 1.01%
- Logitech International SA 0.99%
- Hikma Pharmaceuticals PLC 0.80%
- BPER Banca SPA 0.75%
- CTS Eventim AG Co KGaA 0.74%
- ACS Actividades de Construccion y Servicios SA 0.71%
- Klepierre SA 0.71%
- Konecranes Oyj 0.68%
Asset Allocation
| Weighting | Return Low | Return High | NARCX % Rank | |
|---|---|---|---|---|
| Stocks | 99.13% | 91.15% | 102.39% | 3.66% |
| Other | 1.03% | -2.44% | 44.35% | 30.49% |
| Cash | 0.36% | 0.00% | 8.90% | 86.59% |
| Preferred Stocks | 0.19% | 0.00% | 3.71% | 24.39% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 23.46% |
| Bonds | 0.00% | 0.00% | 0.21% | 31.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NARCX % Rank | |
|---|---|---|---|---|
| Industrials | 21.27% | 12.46% | 32.63% | 64.20% |
| Technology | 13.25% | 9.14% | 22.43% | 45.68% |
| Basic Materials | 13.14% | 0.02% | 13.14% | 1.23% |
| Healthcare | 10.94% | 0.00% | 18.67% | 4.94% |
| Consumer Cyclical | 9.95% | 9.23% | 27.42% | 76.54% |
| Financial Services | 8.57% | 2.16% | 21.69% | 91.36% |
| Real Estate | 7.80% | 0.00% | 12.22% | 56.79% |
| Energy | 7.00% | 0.00% | 12.34% | 8.64% |
| Communication Services | 4.97% | 1.47% | 8.56% | 20.99% |
| Consumer Defense | 2.29% | 2.29% | 12.17% | 96.30% |
| Utilities | 0.83% | 0.00% | 4.57% | 71.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NARCX % Rank | |
|---|---|---|---|---|
| Non US | 93.98% | 0.00% | 99.39% | 57.32% |
| US | 5.15% | 0.00% | 102.39% | 13.41% |
NARCX - Expenses
Operational Fees
| NARCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.32% | 0.08% | 7.36% | 7.32% |
| Management Fee | 1.00% | 0.05% | 1.03% | 87.80% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 92.31% |
| Administrative Fee | N/A | 0.03% | 0.25% | 48.39% |
Sales Fees
| NARCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 0.00% | 1.00% | 50.00% |
Trading Fees
| NARCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| NARCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 79.00% | 1.00% | 185.00% | 86.84% |
NARCX - Distributions
Dividend Yield Analysis
| NARCX | Category Low | Category High | NARCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.12% | 0.00% | 3.84% | 84.15% |
Dividend Distribution Analysis
| NARCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| NARCX | Category Low | Category High | NARCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.03% | 0.03% | 2.41% | 100.00% |
Capital Gain Distribution Analysis
| NARCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2023 | $0.619 | OrdinaryDividend |
| Dec 30, 2022 | $0.023 | OrdinaryDividend |
| Dec 15, 2022 | $1.103 | OrdinaryDividend |
| Dec 16, 2021 | $7.566 | OrdinaryDividend |
| Dec 16, 2020 | $0.318 | OrdinaryDividend |
| Dec 16, 2019 | $0.748 | OrdinaryDividend |
| Dec 14, 2018 | $0.159 | CapitalGainShortTerm |
| Dec 14, 2018 | $4.536 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.231 | OrdinaryDividend |
| Dec 15, 2017 | $0.073 | OrdinaryDividend |
| Dec 17, 2015 | $0.061 | OrdinaryDividend |
| Dec 17, 2014 | $0.043 | OrdinaryDividend |
| Dec 31, 2013 | $0.027 | ExtraDividend |
| Dec 17, 2013 | $0.408 | OrdinaryDividend |
| Dec 17, 2012 | $0.450 | OrdinaryDividend |
| Dec 16, 2011 | $0.332 | OrdinaryDividend |
| Oct 21, 2011 | $0.001 | ExtraDividend |
| Oct 22, 2010 | $0.027 | ExtraDividend |
| Dec 31, 2009 | $0.027 | ExtraDividend |
| Dec 15, 2009 | $0.070 | OrdinaryDividend |
| Nov 18, 2009 | $0.112 | ExtraDividend |
| Dec 31, 2008 | $0.002 | ExtraDividend |
| Dec 16, 2008 | $0.413 | OrdinaryDividend |
| Jul 01, 2008 | $0.002 | CapitalGainShortTerm |
| Dec 18, 2007 | $4.112 | CapitalGainShortTerm |
| Dec 18, 2007 | $3.770 | CapitalGainLongTerm |
| Dec 15, 2006 | $0.002 | OrdinaryDividend |
| Dec 16, 2005 | $0.112 | OrdinaryDividend |
NARCX - Fund Manager Analysis
Managers
Daniel LeVan
Start Date
Tenure
Tenure Rank
Mar 02, 2015
7.25
7.3%
Daniel B. LeVan, CFA, Lead Portfolio Manager, Chief Investment Officer of Victory Capital Management Inc., has been with Victory Capital Management Inc. since 2014. From 2007-2014, Mr. LeVan was a Senior Portfolio Manager of Munder Capital Management.
John Evers
Start Date
Tenure
Tenure Rank
Mar 02, 2015
7.25
7.3%
John W. Evers is a Senior Portfolio Manager of Trivalent and has been with Victory Capital since 2014. From 2007-2014, Mr. Evers was a Senior Portfolio Manager of Munder Capital Management. He has been co-manager for MCM’s international small-cap equity discipline, a member of the portfolio management team for MCM’s international core equity discipline and lead analyst of the financials sector for the international core and international small-cap equity teams since 2007. He has been lead manager and lead analyst of the financials sector for MCM’s emerging markets equity strategy since 2011. Immediately before joining MCM, Mr. Evers was a Senior Vice President and Co-Portfolio Manager for The Boston Company Asset Management (including its predecessor firms), where he was an energy sector analyst and was also responsible for a quantitative research platform and production models for 10 years.
Brendan Bradley
Start Date
Tenure
Tenure Rank
Mar 26, 2015
7.19
7.2%
Brendan joined Acadian in 2004 and is the firm’s Chief Investment Officer. Brendan previously served as Director of Portfolio Management, overseeing portfolio management policy, and also as the Director of Acadian’s Managed Volatility strategies. Brendan is a member of several oversight committees at Acadian, including the Board of Managers, Executive Management Team, Executive Committee, and Responsible Investing Committee. Prior to Acadian, Brendan was a vice president at Upstream Technologies, where he designed and implemented investment management systems and strategies.
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.
Ryan Taliaferro
Start Date
Tenure
Tenure Rank
Jan 31, 2019
3.33
3.3%
Ryan joined Acadian in 2011 and currently serves as director of equity strategies.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 21.76 | 7.63 | 18.43 |
