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VY® Morgan Stanley Global Franchise Portfolio
mutual fund
VPRDX
Payout Change
Pending
Price as of:
$15.97
-0.01
-0.06%
primary theme
N/A
share class
VPRDX (Mutual Fund)
VY® Morgan Stanley Global Franchise Portfolio
Payout Change
Pending
Price as of:
$15.97
-0.01
-0.06%
primary theme
N/A
share class
VPRDX (Mutual Fund)
VY® Morgan Stanley Global Franchise Portfolio
Payout Change
Pending
Price as of:
$15.97
-0.01
-0.06%
primary theme
N/A
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
12.0%
1 yr return
12.9%
3 Yr Avg Return
3.5%
5 Yr Avg Return
8.6%
Net Assets
$297 M
Holdings in Top 10
43.4%
52 WEEK LOW AND HIGH
$16.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
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
VPRDX - Profile
Distributions
- YTD Total Return 12.0%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.79%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVY® Morgan Stanley Global Franchise Portfolio
-
Fund Family NameVoya mutual funds
-
Inception DateMay 03, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Lock
Fund Description
Under normal market conditions, the Portfolio invests primarily in equity securities of issuers located throughout the world that it believes have, among other things, sustainable competitive advantages, capable management and financial strength. The Portfolio typically invests in issuers of equity securities with a market capitalization greater than $2 billion. The sub-adviser and the sub-sub-adviser (together, the “Sub-Adviser”) emphasize individual stock selection and seeks to identify high quality companies located throughout the world, including both developed and emerging market countries. Under normal market conditions, the Portfolio invests in securities of issuers from a number of different countries, including the U.S.The Portfolio’s investment process focuses on the sustainability and direction of a company’s long-term returns on operating capital. Environmental, social and governance (“ESG”) considerations are a fundamental and integrated part of this process, as the Sub-Adviser believes material weakness or opportunity in any of the ESG areas can potentially threaten or enhance the long-term sustainability of a company’s returns on operating capital. The Sub-Adviser relies on its research capabilities, analytical resources and judgment to identify and monitor franchise businesses meeting its investment criteria. As an essential part of the investment process, the Sub-Adviser seeks to engage directly with company management teams to assess relevant factors material to long-term sustainable returns including ESG factors. In exercising this discretion, ESG factors are not the sole determinant of whether an investment can be made or a holding can remain in the Portfolio's portfolio, but instead the Sub-Adviser considers material risks or opportunities in any of the ESG areas which could threaten or enhance the high returns on operating capital of a company.The Portfolio may also invest in derivatives for hedging currency and other risks for potential gains. Such derivatives may include forward foreign currency exchange contracts, futures contracts, options, swaps, and structured notes. The Portfolio is non-diversified, which means that it may invest a significant portion of its assets in a single issuer.The Portfolio may invest in real estate-related securities, including real estate investment trusts (“REITs”).The Portfolio may also 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 Sub-Adviser seeks to invest in companies that it believes have resilient business franchises, strong cash flows, modest capital requirements, balance sheet strength, capable management, and that typically return cash to shareholders. The franchise focus of the Portfolio is based on the Sub-Adviser's belief that the company’s intangible assets underlying a strong business franchise (such as brands and networks) are difficult to create or to replicate and that carefully selected franchise companies can yield above-average potential for long-term capital appreciation.The Sub-Adviser relies on its research capabilities, analytical resources, and judgment to identify and monitor franchise businesses meeting its investment criteria. The Sub-Adviser believes that the number of issuers with strong business franchises meeting its criteria may be limited, and accordingly, the Portfolio may concentrate its holdings in a relatively small number of companies and may invest up to 25% of the Portfolio's total assets in a single issuer. The Sub-Adviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria or that replacing the holding with another investment should improve the Portfolio's valuation and/or quality.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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VPRDX - Performance
Return Ranking - Trailing
| Period | VPRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.0% | -35.6% | 29.2% | 71.48% |
| 1 Yr | 12.9% | 17.3% | 252.4% | 92.39% |
| 3 Yr | 3.5%* | -3.5% | 34.6% | 29.93% |
| 5 Yr | 8.6%* | 0.1% | 32.7% | 40.94% |
| 10 Yr | N/A* | -6.9% | 18.3% | 13.91% |
* Annualized
Return Ranking - Calendar
| Period | VPRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.9% | -24.3% | 957.1% | 76.12% |
| 2022 | -25.9% | -38.3% | 47.1% | 76.36% |
| 2021 | 11.2% | -54.2% | 0.6% | 66.76% |
| 2020 | 3.7% | -76.0% | 54.1% | 56.52% |
| 2019 | 15.8% | -26.1% | 47.8% | N/A |
Total Return Ranking - Trailing
| Period | VPRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.0% | -35.6% | 29.2% | 71.59% |
| 1 Yr | 12.9% | 11.4% | 252.4% | 91.36% |
| 3 Yr | 3.5%* | -3.5% | 34.6% | 28.47% |
| 5 Yr | 8.6%* | 0.1% | 32.7% | 39.33% |
| 10 Yr | N/A* | -6.9% | 18.3% | 13.54% |
* Annualized
Total Return Ranking - Calendar
| Period | VPRDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.3% | -24.3% | 957.1% | 76.12% |
| 2022 | -17.4% | -33.1% | 47.1% | 76.61% |
| 2021 | 22.0% | -44.4% | 1.8% | 77.39% |
| 2020 | 13.5% | -6.5% | 54.1% | 78.77% |
| 2019 | 29.7% | -14.4% | 47.8% | N/A |
NAV & Total Return History
VPRDX - Holdings
Concentration Analysis
| VPRDX | Category Low | Category High | VPRDX % Rank | |
|---|---|---|---|---|
| Net Assets | 297 M | 199 K | 133 B | 53.84% |
| Number of Holdings | 43 | 1 | 9075 | 89.98% |
| Net Assets in Top 10 | 136 M | -18 M | 37.6 B | 39.43% |
| Weighting of Top 10 | 43.39% | 9.1% | 100.0% | 7.89% |
Top 10 Holdings
- Microsoft Corp 7.62%
- SAP SE 6.92%
- Visa Inc 5.51%
- Accenture PLC 3.95%
- Aon PLC 3.50%
- L'Oreal SA 3.31%
- UnitedHealth Group Inc 3.19%
- Intercontinental Exchange Inc 3.18%
- Becton Dickinson Co 3.15%
- Abbott Laboratories 3.08%
Asset Allocation
| Weighting | Return Low | Return High | VPRDX % Rank | |
|---|---|---|---|---|
| Stocks | 97.93% | 61.84% | 125.47% | 51.10% |
| Cash | 1.88% | -174.70% | 23.12% | 44.38% |
| Other | 0.19% | -13.98% | 19.14% | 75.44% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 73.13% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 70.26% |
| Bonds | 0.00% | -1.50% | 161.67% | 71.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VPRDX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 27.82% | 0.00% | 73.28% | 2.64% |
| Healthcare | 23.66% | 0.00% | 35.42% | 6.50% |
| Technology | 22.27% | 0.00% | 49.87% | 46.48% |
| Financial Services | 11.04% | 0.00% | 38.42% | 78.96% |
| Industrials | 9.04% | 0.00% | 44.06% | 85.02% |
| Consumer Cyclical | 3.71% | 0.00% | 40.94% | 94.93% |
| Communication Services | 2.47% | 0.00% | 57.66% | 89.54% |
| Utilities | 0.00% | 0.00% | 29.12% | 93.94% |
| Real Estate | 0.00% | 0.00% | 39.48% | 93.50% |
| Energy | 0.00% | 0.00% | 21.15% | 91.52% |
| Basic Materials | 0.00% | 0.00% | 38.60% | 96.92% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VPRDX % Rank | |
|---|---|---|---|---|
| US | 73.52% | 0.13% | 103.82% | 3.41% |
| Non US | 24.41% | 0.58% | 99.46% | 95.70% |
VPRDX - Expenses
Operational Fees
| VPRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.01% | 44.27% | 68.76% |
| Management Fee | 0.98% | 0.00% | 1.82% | 94.09% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| VPRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| VPRDX 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.
| VPRDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.00% | 0.00% | 395.00% | 12.50% |
VPRDX - Distributions
Dividend Yield Analysis
| VPRDX | Category Low | Category High | VPRDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.84% | 0.00% | 3.26% | 69.58% |
Dividend Distribution Analysis
| VPRDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| VPRDX | Category Low | Category High | VPRDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.79% | -4.27% | 12.65% | 41.48% |
Capital Gain Distribution Analysis
| VPRDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 15, 2024 | $0.134 | OrdinaryDividend |
| Jul 15, 2024 | $0.002 | CapitalGainShortTerm |
| Jul 15, 2024 | $1.513 | CapitalGainLongTerm |
| Jul 13, 2023 | $0.125 | OrdinaryDividend |
| Jul 13, 2023 | $1.229 | CapitalGainLongTerm |
| Jul 13, 2022 | $0.156 | OrdinaryDividend |
| Jul 13, 2022 | $0.015 | CapitalGainShortTerm |
| Jul 13, 2022 | $1.473 | CapitalGainLongTerm |
| Jul 13, 2021 | $0.176 | OrdinaryDividend |
| Jul 13, 2021 | $0.021 | CapitalGainShortTerm |
| Jul 13, 2021 | $1.591 | CapitalGainLongTerm |
| Jul 13, 2020 | $0.173 | OrdinaryDividend |
| Jul 13, 2020 | $0.044 | CapitalGainShortTerm |
| Jul 13, 2020 | $1.329 | CapitalGainLongTerm |
| Jul 12, 2019 | $0.187 | OrdinaryDividend |
| Jul 12, 2019 | $1.802 | CapitalGainLongTerm |
| Jul 13, 2018 | $0.051 | CapitalGainShortTerm |
| Jul 13, 2018 | $2.619 | CapitalGainLongTerm |
| Jul 13, 2018 | $0.242 | OrdinaryDividend |
| Jul 14, 2017 | $0.026 | CapitalGainShortTerm |
| Jul 14, 2017 | $1.038 | CapitalGainLongTerm |
| Jul 14, 2017 | $0.251 | OrdinaryDividend |
| Jul 14, 2016 | $0.249 | OrdinaryDividend |
| Jul 14, 2016 | $0.007 | CapitalGainShortTerm |
| Jul 14, 2016 | $1.340 | CapitalGainLongTerm |
VPRDX - Fund Manager Analysis
Managers
William Lock
Start Date
Tenure
Tenure Rank
Jun 15, 2009
12.97
13.0%
William is a portfolio manager and head of the London-based International Equity team. He joined Morgan Stanley in 1994 and has been with financial industry since 1992. Prior to joining the firm, he worked at Credit Suisse First Boston’s Corporate Finance Group, and was a management consultant with Arthur D. Little. William received a B.A. in modern history from Keble College, Oxford. William is a longstanding sponsor of the creative arts, including Glyndebourne Opera.
Bruno Paulson
Start Date
Tenure
Tenure Rank
May 01, 2010
12.09
12.1%
Bruno is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2009 and has been with financial industry since 1994. Prior to joining the firm, Bruno worked for Sanford Bernstein in London, where he was a Senior Analyst covering the financial sector for eight years. Previously, he was a manager at the Boston Consulting Group where he focused on the financial services industry. Bruno has an MBA from INSEAD where he received the Ford Prize for graduating top of class. He was also a Research Fellow in Political Economy at Nuffield College, Oxford, and received a B.A. in Politics, Philosophy and Economics with 1st Class Honors from Keble College, Oxford. Bruno was a parent-founder of The Rise School, a free school for children with high-functioning autism. He is a governor at Kensington Aldridge Academy, where he chairs the Business Committee.
Vladimir Demine
Start Date
Tenure
Tenure Rank
May 01, 2010
12.09
12.1%
Vladimir is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2009 and has been with financial industry since 2002. Prior to joining the firm, Vladimir worked for UBS Global Asset Management in London, where he was an analyst responsible for stock selection of consumer staples holdings in key client mandates. Vladimir received a M.Sc. in investment management with Distinction from City University (CASS) Business School and a Master?s in finance with Distinction from St Petersburg State University of Economics and Finance.
Marcus Watson
Start Date
Tenure
Tenure Rank
Jan 24, 2013
9.35
9.4%
Marcus is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2008 and has been with financial industry since 2008. Marcus received a B.Sc in psychology from the University of Newcastle Upon Tyne.
Nic Sochovsky
Start Date
Tenure
Tenure Rank
May 01, 2016
6.08
6.1%
Nic is a portfolio manager for the London based International Equity team. He joined Morgan Stanley in 2015 and has been with financial industry since 1998. Prior to joining the team, Nic worked for Credit Suisse within a top industry ranked consumer staples team covering Food manufacturing, HPC, beverages and tobacco. Before that he headed the consumer research team at Unicredit and was a senior analyst at Merrill Lynch and Lehman Brothers covering pan-European Food manufacturing and HPC. Nic received a B.A. in Economics from Sheffield University. Nic is a longtime supporter of Place 2Be, the leading national children’s mental health charity.
Alex Gabriele
Start Date
Tenure
Tenure Rank
Sep 30, 2017
4.67
4.7%
Alex is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley from Sloane Robinson LLP in 2012 and has been with financial industry since 2009. Prior to joining the team, Alex was responsible for stock selection across the cyclical universe, predominantly in Asia ex-Japan. Alex holds a B.A in Natural Sciences from Trinity College, Cambridge.
Richard Perrott
Start Date
Tenure
Tenure Rank
Sep 30, 2017
4.67
4.7%
Richard is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2015 and has been with financial industry since 2006. Prior to joining the team, Richard was an equity research analyst at Autonomous Research covering specialty financials. Before that Richard covered financials at Berenberg Bank and financials and healthcare at Sanford Bernstein. Richard received an M.A in Mathematics and Philosophy from St Edmund Hall, Oxford. Richard is a trustee of Shrewsbury House Community Association.
Nathan Wong
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Nathan is a portfolio manager on the London-based International Equity team. He joined Morgan Stanley in July 2017 and has been with financial industry since 2000. Prior to joining the team, Nathan was a Partner/Senior Analyst and developed markets equities generalist at Sloane Robinson. Prior to that he worked in equity research in Merrill Lynch’s Specialty Finance team and before that he qualified as a chartered accountant with Deloitte. He holds a BSc in Mathematics from Imperial College with 1st Class Honours, receiving the Institute of Mathematics and its Applications prize in his final year.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
