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Name

As of 04/18/2024

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

Voya Multi-Manager International Equity Fund

IIGIX | Fund

$9.95

$304 M

1.78%

$0.18

0.94%

Vitals

YTD Return

0.0%

1 yr return

4.6%

3 Yr Avg Return

-3.7%

5 Yr Avg Return

3.4%

Net Assets

$304 M

Holdings in Top 10

17.0%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

$250,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

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

Voya Multi-Manager International Equity Fund

IIGIX | Fund

$9.95

$304 M

1.78%

$0.18

0.94%

IIGIX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Voya Multi-Manager International Equity Fund
  • Fund Family Name
    Voya mutual funds
  • Inception Date
    Jan 06, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Faraday

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities. The Fund will provide shareholders with at least 60 days’ prior notice of any change in this investment policy. The Fund invests at least 65% of its assets in equity securities of companies organized under the laws of, or with principal offices located in, a number of different countries outside of the U.S., including companies in countries in emerging markets. The Fund does not seek to focus its investments in a particular industry or country. The Fund may invest in companies of any market capitalization. The equity securities in which the Fund may invest include, but are not limited to, common stocks, preferred stocks, depositary receipts, rights and warrants to buy common stocks, privately placed securities, and initial public offerings (“IPOs”). The Fund may invest in real estate-related securities, including real estate investment trusts (“REITs”). The Fund may invest in derivative instruments including options, futures, and forward foreign currency exchange contracts. The Fund typically uses derivatives to seek to reduce exposure to other risks, such as interest rate or currency risk, to substitute for taking a position in the underlying assets, for cash management, and/or to seek to enhance returns in the Fund.The Fund invests its assets in foreign investments which are denominated in U.S. dollars, major reserve currencies and currencies of other countries and can be affected by fluctuations in exchange rates. To attempt to protect against adverse changes in currency exchange rates, the Fund may, but will not necessarily, use special techniques such as forward foreign currency exchange contracts.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.Baillie Gifford Overseas Limited (“BG Overseas”), Polaris Capital Management, LLC (“Polaris”), and Wellington Management Company LLP (“Wellington Management”) (each, a “Sub-Adviser” and collectively, the “Sub-Advisers”) provide day-to-day management of the Fund. The Sub-Advisers act independently of each other and use their own methodologies 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 33 1∕3% of its total assets.BG OverseasBG Overseas’s investment style primarily uses a bottom-up, stock-driven approach, with the objective of selecting stocks that it believes can sustain an above-average growth rate, which is not reflected in the share price. A significant part of the assets will normally be divided among continental Europe, the United Kingdom, and Asia (including Australia and New Zealand). Country allocation, however, is driven by stock selection. BG Overseas invests in companies that it believes are well-managed, quality businesses that enjoy sustainable, competitive advantages in their marketplace.Companies are screened for quality first; valuation is a secondary consideration. BG Overseas looks for companies that it believes have attractive industry backgrounds, strong competitive positions within those industries, high-quality earnings, and a positive approach toward shareholders. The main fundamental factors that BG Overseas considers in this bottom-up analysis include earnings growth, cash flow growth, profitability, capital structure, and valuation. Further to the Fund’s long-term investment approach, BG Overseas seeks to identify companies with the potential to grow sustainably. When assessing a company’s ability to deliver sustainable growth over the long term, BG Overseas considers a range of factors, including the ESG characteristics of a company.PolarisPolaris uses proprietary investment technology combined with Graham & Dodd style fundamental research to seek to identify potential investments that Polaris believes have significantly undervalued streams of sustainable cash flow. The firm uses traditional valuation measures, including price/book ratios and price/sustainable free cash flow ratios to screen its database of more than 40,000 companies worldwide. Polaris uses these measures to identify approximately 500 companies that Polaris believes have the greatest potential for undervalued streams of sustainable free cash flow. As a cross check to the database screen, a global valuation model is used that seeks to identify the most undervalued countries based on corporate earnings, yield, inflation, interest rates, and other variables. Allocations among investments are primarily determined by bottom-up security analysis while providing diversification in terms of country, industry, and market capitalization. Polaris monitors portfolio companies as well as a “watch list” comprised of companies which may be purchased if the valuation of an existing portfolio company falls below established limits.Wellington ManagementWellington Management conducts fundamental research on individual companies to identify securities for purchase or sale. Fundamental analysis of a company involves the assessment of such factors as its business environment, management quality, balance sheet, income statement, anticipated earnings, revenues and dividends, and other related measures and indicators of value, including the evaluation of financially material ESG factors based on Wellington Management’s proprietary ESG research. Wellington Management believes assessing financially material ESG factors as part of its investment process allows it to better evaluate a company on its ability to improve or sustain its future returns over time. The factors that Wellington Management considers as part of its fundamental analysis, including the assessment of financially material ESG factors, contribute to its overall evaluation of a company’s risk and return potential. Wellington Management may not assess ESG factors for every stock prior to investment. Wellington Management seeks to invest in companies with underappreciated assets, improving and/or sustainable return on capital, and/or stocks that it believes are mispriced by the market due to short-term issues. This proprietary research takes into account each company’s long-term history as well as Wellington Management’s analysts’ forward-looking estimates, and allows for a comparison of the intrinsic value of stocks on a global basis focusing on return on invested capital in conjunction with other valuation metrics. Portfolio construction is driven primarily by bottom-up stock selection, with region, country, and sector weightings being secondary factors.
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IIGIX - Performance

Return Ranking - Trailing

Period IIGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -43.6% 26.4% 73.89%
1 Yr 4.6% -42.0% 17.0% 72.00%
3 Yr -3.7%* -19.9% 44.3% 93.86%
5 Yr 3.4%* -34.7% 74.7% 88.74%
10 Yr 3.1%* -2.3% 15.9% 79.75%

* Annualized

Return Ranking - Calendar

Period IIGIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -7.3% 22.0% 56.89%
2022 -22.7% -43.6% 71.3% 91.11%
2021 -13.4% -28.5% 18.9% 96.92%
2020 10.8% -90.1% 992.1% 34.60%
2019 21.3% -1.9% 38.8% 30.60%

Total Return Ranking - Trailing

Period IIGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -43.6% 26.4% 73.89%
1 Yr 4.6% -42.0% 17.0% 72.00%
3 Yr -3.7%* -19.9% 44.3% 93.86%
5 Yr 3.4%* -34.7% 74.7% 88.74%
10 Yr 3.1%* -2.3% 15.9% 79.75%

* Annualized

Total Return Ranking - Calendar

Period IIGIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.7% 3.2% 41.4% 70.96%
2022 -21.8% -43.6% 144.8% 94.73%
2021 6.9% -22.6% 56.0% 81.08%
2020 15.4% -89.7% 1010.8% 21.17%
2019 23.6% 4.3% 38.8% 36.12%

NAV & Total Return History

IIGIX - Holdings

Concentration Analysis

IIGIX Category Low Category High IIGIX % Rank
Net Assets 304 M 2.56 M 425 B 67.64%
Number of Holdings 197 1 10801 41.87%
Net Assets in Top 10 49.2 M 0 41 B 75.99%
Weighting of Top 10 17.03% 2.7% 112.8% 70.46%

Top 10 Holdings

  1. BlackRock Liquidity FedFund 3.31%
  2. Samsung Electronics Co Ltd 2.03%
  3. ASML Holding NV 1.79%
  4. Sony Group Corp 1.73%
  5. Novartis AG 1.69%
  6. Taiwan Semiconductor Manufacturing Co Ltd 1.42%
  7. ITOCHU Corp 1.37%
  8. United Overseas Bank Ltd 1.34%
  9. Deutsche Telekom AG 1.34%
  10. Publicis Groupe SA 1.02%

Asset Allocation

Weighting Return Low Return High IIGIX % Rank
Stocks 		94.40% 0.00% 122.60% 87.12%
Cash 		4.57% -22.43% 100.00% 9.81%
Preferred Stocks 		0.97% -0.01% 7.80% 22.84%
Other 		0.06% -2.97% 43.01% 28.70%
Convertible Bonds 		0.00% 0.00% 4.18% 68.87%
Bonds 		0.00% -1.67% 71.30% 72.18%

Stock Sector Breakdown

Weighting Return Low Return High IIGIX % Rank
Industrials 		16.06% 5.17% 99.49% 29.24%
Consumer Cyclical 		15.88% 0.00% 36.36% 8.40%
Financial Services 		15.31% 0.00% 47.75% 78.26%
Technology 		12.55% 0.00% 36.32% 39.43%
Healthcare 		10.58% 0.00% 21.01% 67.92%
Basic Materials 		9.03% 0.00% 23.86% 31.93%
Consumer Defense 		7.46% 0.00% 32.29% 82.46%
Communication Services 		6.28% 0.00% 21.69% 44.83%
Energy 		2.80% 0.00% 16.89% 82.91%
Real Estate 		2.41% 0.00% 14.59% 38.53%
Utilities 		1.63% 0.00% 13.68% 70.31%

Stock Geographic Breakdown

Weighting Return Low Return High IIGIX % Rank
Non US 		87.58% 0.00% 121.07% 64.28%
US 		6.82% 0.00% 103.55% 48.17%

IIGIX - Expenses

Operational Fees

IIGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.01% 18.22% 58.50%
Management Fee 0.85% 0.00% 1.65% 92.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% 27.43%

Sales Fees

IIGIX 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% 5.00% N/A

Trading Fees

IIGIX 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.

IIGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 2.00% 247.00% 68.14%

IIGIX - Distributions

Dividend Yield Analysis

IIGIX Category Low Category High IIGIX % Rank
Dividend Yield 1.78% 0.00% 25.71% 66.18%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IIGIX Category Low Category High IIGIX % Rank
Net Income Ratio 0.87% -0.93% 6.38% 79.91%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IIGIX - Fund Manager Analysis

Managers

Joseph Faraday

Start Date

Tenure

Tenure Rank

Jan 06, 2011

11.41

11.4%

Joe Faraday, CFA, Portfolio Manager, joined Baillie Gifford Overseas Limited in 2002. Mr. Faraday has worked as an investment manager on the European, North American, Developed Asia, and Emerging Markets Equity teams. He has been a member of the Portfolio Construction Group since 2007.

Iain Campbell

Start Date

Tenure

Tenure Rank

Jan 06, 2011

11.41

11.4%

Iain graduated BA in Modern History from Oxford University in 2000. He worked for Goldman Sachs and travelled in Asia, before joining Baillie Gifford in 2004. Most of Iain’s investment career has been focused on Emerging and Developed Asian markets and Iain is member of the Japanese specialist team. Iain is responsible for managing various specialist Developed Asia including Japan portfolios and is also a member of the International Focus Portfolio Construction Group.

Sophie Earnshaw

Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

Sophie Earnshaw, CFA, Portfolio Manager, joined Baillie Gifford Overseas Limited in 2010 and is an Investment Manager in the Emerging Markets Equity Team. Ms. Earnshaw joined the International Focus Portfolio Construction Group in 2014. Sophie graduated MA in English Literature from the University of Edinburgh in 2008 and an MPhil in Eighteenth Century and Romantic Literature from Cambridge University in 2009.

Moritz Sitte

Start Date

Tenure

Tenure Rank

Dec 01, 2014

7.5

7.5%

Moritz Sitte, CFA, Portfolio Manager, joined Baillie Gifford Overseas Limited in 2010 and is an Investment Manager in the European Equity Team. Mr. Sitte joined the International Focus Portfolio Construction Group in 2014. Moritz graduated BSc in Business Administration from the University of Regensburg (Germany) in 2009 where he took part in the Honours Elite Degree Programme. He then went on to complete an MSc in Finance and Investment from the University of Edinburgh in 2010.

Sumanta Biswas

Start Date

Tenure

Tenure Rank

Jan 20, 2017

5.36

5.4%

Sumanta Biswas, CFA, serves as Polaris Capital Management, LLC’s Vice President and Assistant Portfolio Manager since 2012. Mr. Biswas has been a partner at the Polaris Capital Management since 2007. Mr. Biswas’ professional experience includes completion of an internship at Delta Partners of Boston in 2001 where he served as an equity research analyst. From 1996 through July of 2000, he was an officer of the Securities and Exchange Board of India. In 1995, Mr. Biswas participated in the initial public offering of Electro Steel Casting, Ltd. of India while interning at IFB Finance Ltd. of India. In 1993, he was an engineering project manager trainee with Bridge & Roof Company of Calcutta, India, one of the largest construction companies in India. Mr. Biswas received a master’s of science degree in finance from Boston College in 2001, and an MBA from Calcutta University in India in 1996. He earned his undergraduate degree in engineering from North Bengal University in 1993, and holds a diploma in business finance from the Institute of Chartered Financial Analysts of India. He also holds the Chartered Financial Analyst (CFA) designation.

Bin Xiao

Start Date

Tenure

Tenure Rank

Jan 20, 2017

5.36

5.4%

Bin Xiao has became an Analyst with Polaris since 2006. Mr. Bin was in internship at HSBC Global Investment Banking in 2005, and in internship at Polaris Capital Management in 2004/2005. In 2002 to 2004 Mr. Bin serves as a software architect and project manager at PNC Financial Service Group (PFPC), following positions as an information systems engineer and software engineer at Vanguard Group and RIT Research Corporation respectively.

Tara Stilwell

Start Date

Tenure

Tenure Rank

Jan 20, 2017

5.36

5.4%

Tara Connolly Stilwell, CFA, Senior Managing Director and Equity Portfolio Manager of Wellington Management, is involved in portfolio management and securities analysis for the Hartford International Opportunities Funds. Tara is a portfolio manager on the International/Global Opportunities team. She contributes to the management of global and non-US equity portfolios, including the firm's International Opportunities, International Horizons, Global Opportunities and Global Horizons products. Prior to joining Wellington Management in 2008, Tara was as a portfolio manager with Goldman Sachs Asset Management International, where her responsibilities included the management of concentrated and diversified European Equity portfolios (1997 — 2007). She also served as portfolio manager at Goldman Sachs Asset Management International. Prior to this, Tara was an analyst in Goldman Sachs' investment banking division (1994 — 1997) and was a consultant at the Wharton Small Business Development Center (1993 — 1994). Tara received a BS in economics from the Wharton School and a BA in history from the University of Pennsylvania (1994). She holds the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society.

Bernard Horn

Start Date

Tenure

Tenure Rank

Jan 20, 2017

5.36

5.4%

Bernard Horn Jr. is President and Chief Investment Officer since 1998; Founder and Portfolio Manager since 1995; Investment professional since 1980.of Polaris Capital Management, LLC, a Boston-based global and international value equity management firm that serves as the sub-advisor for RBC International Equity. Prior to founding Polaris Capital in 1995, Bernard served as an investment officer for MDT Advisers, Inc. He also worked as a portfolio manager for Freedom Capital Management Corporation. From 1980 to 1990, Bernard was the principal and founder of Horn & Company, an investment counseling firm that specialized in global portfolio management for individuals, trusts and tax-qualified accounts. Bernard began his career in the investment industry in 1980. He received a BS from Northeastern University and a MS in Management from the Massachusetts Institute of Technology. In January 2007, Bernard was named Fund Manager of the year by MarketWatch. He was profiled in the January 2004 issue of SmartMoney Magazine and has been highlighted in Business Week, The New York Times, The Wall Street Journal and other national publications. Bernard has appeared on CNBC, CNNfn and Bloomberg TV to discuss global market trends.

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.

Milena Mileva

Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Milena joined Baillie Gifford in 2009 and is a Portfolio Manager. Milena has been part of the UK Equity Team since 2012, managing UK Focus portfolios since 2019. Milena graduated BA in Social & Political Science from the University of Cambridge in 2007 and MPhil in Politics from the University of Oxford in 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.25 3.25

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