VY® T. Rowe Price Diversified Mid Cap Growth Portfolio
Fund
IAXTX
Price as of:
$8.76
+ $0.03
+ 0.34%
Primary Theme
fund company
Name
As of 04/29/2024Price
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
6.7%
1 yr return
20.0%
3 Yr Avg Return
1.4%
5 Yr Avg Return
9.9%
Net Assets
$1.11 B
Holdings in Top 10
15.3%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/29/2024Price
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
IAXTX - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.82%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVY® T. Rowe Price Diversified Mid Cap Growth Portfolio
-
Fund Family NameVoya mutual funds
-
Inception DateFeb 27, 2009
-
Shares OutstandingN/A
-
Share ClassS2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDonald Peters
Fund Description
span style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings for investment purposes) /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"in the equity securities of companies having a market capitalization within the range of companies in the Russell Midcap/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-4.25pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"Growth Index or the Samp;P MidCap 400/spanspan style="color:#000000;font-family:Arial;font-size:6.5pt;position:relative;top:-4.25pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;" Index (the “Indices”) at the time of purchase. The Portfolio will provide shareholders /spanspan style="font-family:Arial;font-size:9.30pt;margin-left:0%;"with at least 60 days' prior written notice of any change in this investment policy. The market capitalization of companies /spanspan style="font-family:Arial;font-size:9.30pt;"within the Indices will change with market conditions. As of December 31, 2023, the market capitalization of companies within the Russell Midcap/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-4.25pt;"®/spanspan style="font-family:Arial;font-size:9.30pt;" Growth Index ranged from $978.1 million to $73.3 billion and the market capitalization of companies within the Samp;P MidCap 400/spanspan style="font-family:Arial;font-size:6.5pt;position:relative;top:-4.25pt;"®/spanspan style="font-family:Arial;font-size:9.30pt;" Index ranged from $2.4 billion to $35.1 billion. The sub-adviser (the “Sub-Adviser”) focuses on mid-capitalization companies whose earnings are expected to grow at a rate faster than the average company./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"The Portfolio may on occasion purchase a stock with a market capitalization that is outside of the mid-capitalization range. /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"The market capitalization of the companies in the Portfolio and the Indices will change over time, and the Portfolio will not automatically sell or cease to purchase stock of a company it holds just because the company's market capitalization grows or falls outside of the index ranges./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"Stock selection is based on a combination of fundamental, bottom-up analysis and top-down quantitative strategies in an /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"effort to identify companies with superior long-term appreciation prospects. The Sub-Adviser generally uses a growth approach, looking for companies with one or more of the following characteristics: a demonstrated ability to consistently increase revenues, earnings, and cash flow; capable management; attractive business niches; and a sustainable competitive advantage. Valuation measures, such as a company's price/earnings ratio relative to the market and its own growth rate, are also considered./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"The Portfolio typically limits holdings of high-yielding stocks, but the payment of dividends – even above-average dividends – /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"does not disqualify a stock from consideration. Most holdings are expected to have relatively low dividend yields./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"In pursuing its investment objective, the Sub-Adviser has the discretion to deviate from the Portfolio’s normal investment /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"criteria, as described above, and purchase securities that it believes will provide an opportunity for gain. These special situations might arise when the Sub-Adviser believes a security could increase in value for a variety of reasons, including an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"While most assets will be invested in U.S. common stocks, to a limited extent, other securities may also be purchased, /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"including foreign (non-U.S.) stocks, futures, and forward foreign currency exchange contracts, in keeping with the Portfolio's investment objective. Any investments in futures would typically serve as an efficient means of gaining exposure to certain markets or as a cash management tool to maintain liquidity while being invested in the market. Forward foreign currency exchange contracts would primarily be used to help protect the Portfolio's foreign (non-U.S.) holdings from unfavorable changes in foreign currency exchange rates. The Portfolio may from time to time emphasize one or more sectors in selecting its investments, including the industrials and technology-related sectors./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"The Portfolio may invest in real estate-related securities, including real estate investment trusts (“REITs”)./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"The Portfolio may also invest, to the extent permitted under the Investment Company Act of 1940, as amended, and the /spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"rules and regulations thereunder, and under the terms of applicable no-action relief or exemptive orders granted thereunder, in affiliated and internally managed money market funds of the Sub-Adviser. In addition, the Portfolio may invest in U.S. and foreign dollar denominated money market securities and U.S. and foreign (non-U.S.) dollar currencies./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;margin-left:0%;"The Sub-Adviser integrates environmental, social, and governance (/spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"“ESG”) factors into its investment research process for certain investments. While ESG factors vary widely, the Sub-Adviser generally considers ESG factors such as climate change, resource depletion, labor standards, diversity, human rights issues, and governance structure and practices. For certain types of investments, including, but not limited to, cash, currency positions, and particular types of derivatives, an ESG analysis may not be relevant or possible due to a lack of data. Where ESG considerations are integrated into the investment research process, the Sub-Adviser focuses on the ESG factors it considers most likely to have a material impact on the performance of the holdings in the Portfolio’s portfolio. The Sub-Adviser may conclude that other attributes of an investment outweigh ESG considerations when making investment decisions for the Portfolio./spanspan style="font-family:Arial;font-size:9.30pt;margin-left:0%;"The Sub-Adviser may sell assets for a variety of reasons, including in response to a change in the Sub-Adviser's original /spanspan style="font-family:Arial;font-size:9.30pt;"investment considerations, to limit losses, to adjust the characteristics of the overall portfolio, or redeploy assets into different opportunities./spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"The Portfolio may lend portfolio securities on a short-term or long-term basis, up to 33/spanspan style="color:#000000;font-family:Arial;font-size:6pt;position:relative;top:-2.66pt;" 1/spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"∕/spanspan style="color:#000000;font-family:Arial;font-size:6pt;"3/spanspan style="color:#000000;font-family:Arial;font-size:9.30pt;"% of its total assets./span
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IAXTX - Performance
Return Ranking - Trailing
| Period | IAXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.7% | -14.3% | 23.1% | 26.67% |
| 1 Yr | 20.0% | -5.6% | 55.1% | 44.24% |
| 3 Yr | 1.4%* | -27.9% | 79.0% | 18.89% |
| 5 Yr | 9.9%* | -4.8% | 97.6% | 40.82% |
| 10 Yr | 11.1%* | -0.1% | 37.1% | 24.93% |
* Annualized
Return Ranking - Calendar
| Period | IAXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.2% | -27.7% | 68.0% | 45.54% |
| 2022 | -45.7% | -85.6% | 350.1% | 92.52% |
| 2021 | -5.3% | -77.0% | 238.3% | 63.08% |
| 2020 | 19.9% | -44.1% | 2474.5% | 70.18% |
| 2019 | 21.4% | -50.2% | 44.0% | 71.93% |
Total Return Ranking - Trailing
| Period | IAXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.7% | -14.3% | 23.1% | 26.67% |
| 1 Yr | 20.0% | -5.6% | 55.1% | 44.24% |
| 3 Yr | 1.4%* | -27.9% | 79.0% | 18.89% |
| 5 Yr | 9.9%* | -4.8% | 97.6% | 40.82% |
| 10 Yr | 11.1%* | -0.1% | 37.1% | 24.93% |
* Annualized
Total Return Ranking - Calendar
| Period | IAXTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.4% | -26.1% | 68.0% | 50.74% |
| 2022 | -24.6% | -67.0% | 440.7% | 29.72% |
| 2021 | 13.3% | -23.5% | 342.2% | 45.58% |
| 2020 | 31.4% | 2.6% | 2549.1% | 68.99% |
| 2019 | 36.7% | 14.6% | 44.8% | 30.74% |
NAV & Total Return History
IAXTX - Holdings
Concentration Analysis
| IAXTX | Category Low | Category High | IAXTX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.11 B | 2.73 M | 100 B | 51.11% |
| Number of Holdings | 250 | 25 | 3644 | 7.78% |
| Net Assets in Top 10 | 159 M | 449 K | 9.69 B | 64.26% |
| Weighting of Top 10 | 15.30% | 0.4% | 99.9% | 93.89% |
Top 10 Holdings
- Apollo Global Management Inc 1.85%
- Crowdstrike Holdings Inc 1.74%
- Cencora Inc 1.68%
- Cintas Corp 1.49%
- Ross Stores Inc 1.48%
- Copart Inc 1.45%
- IDEXX Laboratories Inc 1.45%
- Dexcom Inc 1.41%
- Cheniere Energy Inc 1.41%
- Old Dominion Freight Line Inc 1.35%
Asset Allocation
| Weighting | Return Low | Return High | IAXTX % Rank | |
|---|---|---|---|---|
| Stocks | 98.97% | 0.92% | 101.30% | 37.04% |
| Preferred Stocks | 0.85% | 0.00% | 5.46% | 4.07% |
| Other | 0.15% | -0.18% | 16.96% | 19.63% |
| Cash | 0.14% | 0.00% | 99.08% | 80.74% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 68.52% |
| Bonds | 0.00% | -3.27% | 1.87% | 70.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IAXTX % Rank | |
|---|---|---|---|---|
| Technology | 33.59% | 0.04% | 62.17% | 36.11% |
| Consumer Cyclical | 16.67% | 0.00% | 57.41% | 27.78% |
| Healthcare | 15.60% | 0.00% | 37.06% | 72.96% |
| Industrials | 13.78% | 0.00% | 38.23% | 59.07% |
| Financial Services | 5.74% | 0.00% | 43.01% | 58.33% |
| Real Estate | 3.42% | 0.00% | 19.28% | 31.30% |
| Consumer Defense | 2.91% | 0.00% | 16.40% | 34.26% |
| Energy | 2.87% | 0.00% | 62.10% | 33.52% |
| Basic Materials | 2.75% | 0.00% | 17.25% | 37.22% |
| Communication Services | 2.65% | 0.00% | 18.33% | 57.22% |
| Utilities | 0.00% | 0.00% | 12.94% | 78.15% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IAXTX % Rank | |
|---|---|---|---|---|
| US | 98.97% | 0.64% | 101.30% | 28.15% |
| Non US | 0.00% | 0.00% | 34.57% | 75.19% |
IAXTX - Expenses
Operational Fees
| IAXTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.27% | 0.02% | 17.54% | 34.26% |
| Management Fee | 0.74% | 0.00% | 1.50% | 51.21% |
| 12b-1 Fee | 0.40% | 0.00% | 1.00% | 66.67% |
| Administrative Fee | N/A | 0.00% | 0.40% | 51.24% |
Sales Fees
| IAXTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| IAXTX 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.
| IAXTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 250.31% | 39.09% |
IAXTX - Distributions
Dividend Yield Analysis
| IAXTX | Category Low | Category High | IAXTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 34.25% | 76.30% |
Dividend Distribution Analysis
| IAXTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
| IAXTX | Category Low | Category High | IAXTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.82% | -2.24% | 2.75% | 70.30% |
Capital Gain Distribution Analysis
| IAXTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 02, 2019 | $0.001 | OrdinaryDividend |
| Aug 05, 2019 | $1.302 | OrdinaryDividend |
| Aug 07, 2017 | $0.035 | OrdinaryDividend |
| Dec 30, 2014 | $0.001 | OrdinaryDividend |
| Aug 05, 2014 | $0.003 | OrdinaryDividend |
| Aug 07, 2013 | $0.016 | OrdinaryDividend |
| Dec 28, 2012 | $0.014 | ExtraDividend |
| Dec 29, 2011 | $0.013 | ExtraDividend |
| Aug 09, 2011 | $0.010 | OrdinaryDividend |
| Aug 13, 2010 | $0.004 | OrdinaryDividend |
| Dec 30, 2009 | $0.004 | ExtraDividend |
| Aug 13, 2009 | $0.002 | OrdinaryDividend |
IAXTX - Fund Manager Analysis
Managers
Donald Peters
Start Date
Tenure
Tenure Rank
Nov 30, 2004
17.51
17.5%
Donald J. Peters is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He manages major institutional relationships in the structured active and tax-efficient strategies. He is a vice president of T. Rowe Price Group, Inc. Mr. Peters has been in investment industry since 1986 and has been with T. Rowe Price since 1993. Prior to joining the firm in 1993, he was a portfolio manager for Geewax, Terker and Company. Mr. Peters is a former naval officer and was interviewed and selected by Admiral Hyman G. Rickover to work at his headquarters for the Navy's nuclear propulsion program. Mr. Peters earned a B.A., summa cum laude, in economics from Tulane University and an M.B.A. in finance from The Wharton School, University of Pennsylvania. He is also a member of Phi Beta Kappa. Mr. Peters is the author of "Valuing a Growth Stock," Journal of Portfolio Management, Spring 1991; "Are Earnings Surprises Predictable?," Journal of Investing, Summer 1993; "The Influence of Size on Earnings Surprise Predictability," Journal of Investing, Winter 1993; (with Richard T. Whitney) "The Changing Balance of Power Between the Buy and Sell Sides," Journal of Investing, Fall 1996; (with Mary J. Miller) "Taxable Investors Need Different Strategies," Journal of Investing, Fall 1998; "What a Portfolio Manager Needs to Successfully Implement a Tax Efficient Strategy," Journal of Investing, Spring 2003; (with Sudhir Nanda) "A Very Long-Term Buy-and-Hold Portfolio," Journal of Portfolio Management, Spring 2006; "Taxable Investors Deserve Better," Journal of Investing, Spring 2017; and A Contrarian Strategy for Growth Stock Investing, Quorum Books, 1993. Mr. Peters is a trustee and chairman of the Investment Committee of the Baltimore Museum of Art. He is also a member of Tulane University's President's Council.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.35 | 11.76 |