Voya Multi-Manager International Factors Fund
Data updated: 2024-06-25
C000119164 — Voya Multi-Manager International Factors Fund. Holdings, fees, performance and SEC filings.
C000119164 Fund Overview
Voya Multi-Manager International Factors Fund is a US mutual fund managed by Voya MUTUAL FUNDS, categorised as Developed ex-US Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Voya MUTUAL FUNDS
- Category: Developed ex-US Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $232.13M
- 1-year return: 9.0%
- SEC CIK: 0000895430
- SEC series ID: S000031148
- Share class ID: C000119164
C000119164 Investment Objective and Strategy
Voya Multi-Manager International Factors Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Voya MUTUAL FUNDS.
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
Under normal market conditions, the Fund invests at least 65% of its total assets in equity securities of companies located in a number of different countries other than the United States. The Fund may invest in securities of companies from emerging market countries. The Fund may also invest in depositary receipts, warrants and rights, of foreign issuers. The Fund may invest in real estate-related securities including real estate investment trusts. The Fund may use derivatives, including futures, options, swaps, and forward foreign currency exchange contracts, typically for hedging purposes to reduce risk, such as interest rate risk, currency risk, and price risk, as a substitute for the sale or purchase of securities, and for the purpose of maintaining equity market exposure on its cash balance.
The Fund may invest in other investment companies, including exchange-traded funds, to the extent permitted under the Investment Company Act of 1940, as amended, and the rules, regulations, and exemptive orders thereunder (1940 Act). Voya Investments, LLC (the Investment Adviser) allocates the Funds assets to different sub-advisers. The Investment Adviser may, from time to time, directly manage a portion of the Funds assets to seek to manage the Funds overall risk exposure to achieve the Funds desired risk/return profile and to effect the Funds investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process. PanAgora Asset Management, Inc. (PanAgora), and Voya Investment Management Co. LLC (Voya IM) (each a Sub-Adviser and collectively 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, among others. The Fund may lend portfolio securities on a short-term or long-term basis, up to 33 1 / 3 % of its total assets. PanAgora Asset Management, Inc. To manage its portion of the Funds assets, PanAgora employs a strategy which seeks to achieve the Funds investment objective by using a proprietary Dynamic Equity alpha model that integrates a variety of measures, including issuer-specific, sector-specific and region-specific factors.
The strategy seeks to identify and exploit investment opportunities resulting from investors under/over reactions to market information and market inefficiencies. PanAgora, using its proprietary Dynamic Equity investment process, constructs a forecasting model for every security in PanAgoras defined investment universe, contingent on each securitys distinct characteristics. The model uses a broad array of factors that PanAgora believes are predictive of security returns including, but not limited to, value, momentum, and quality factors. The Dynamic Equity model then combines the return forecasts with information from a proprietary risk model to seek to derive PanAgoras optimal constrained portfolio. PanAgora seeks to buy securities for the Fund with high forecasted returns, based on PanAgoras proprietary forecasting model.
Size limitations are placed on portfolio positions by PanAgora for risk management purposes. Voya Investment Management Co. LLC To manage its portion of the Funds assets, Voya IM employs a passive management approach designed to track the performance of a custom index created by FTSE for Voya IM that was based on the FTSE Developed ex US Select Factor Index (Index). The Index is designed to capture explicit exposure to a broad set of five factors contributing to developed equity market performance outside of the United States. These five factors include Momentum, Quality, Size, Value and Volatility. The Index is part of the FTSE Global Factor Index Series, and has been customized to minimize trading costs through a narrowing of index constituents while still maintaining strong factor exposure.
As a result of the five factor section process, the Index may be focused in one or more industries, which may change from time to time. As of December 31, 2017, a portion of the Index was focused in the industrials sector. The Funds portfolio may not always hold all of the same securities as the Index. Voya IM may also invest in exchange-traded funds, stock index futures and other derivatives as a substitute for the sale or purchase of securities in the Index and to provide equity exposure to the Funds cash position. Although Voya IM attempts to track, as closely as possible, the performance of the Index, the Funds portfolio does not always perform exactly like the Index. Unlike the Index, the Fund has operating expenses and transaction costs and therefore has a performance disadvantage versus the Index.
C000119164 Holdings
Top 10 holdings of Voya Multi-Manager International Factors Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Novo Nordisk A/S | 1.65% |
| Novartis AG | 1.12% |
| Investor AB | 1.10% |
| Tesco PLC | 1.10% |
| 3i Group PLC | 1.09% |
| E.on SE | 1.07% |
| ASML Holding NV | 1.07% |
| BAE Systems PLC | 1.01% |
| Mitsubishi Corp | 1.01% |
| Hitachi Ltd | 0.91% |
C000119164 Portfolio Allocation
Asset-class allocation of Voya Multi-Manager International Factors Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.5% |
| Cash & Equivalents | 0.6% |
C000119164 Performance
Total returns for C000119164 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.0% |
| 3 years (annualised) | 2.5% |
C000119164 Risk Information
Risk metrics for C000119164, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.5%
C000119164 Costs and Fees
C000119164 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 0.98%
- Portfolio turnover: 97%
- Brokerage commissions: 12.79 bps of average net assets (SEC N-CEN)
C000119164 Cashflows
Over the 12 months to 2024-04, Voya Multi-Manager International Factors Fund had net inflows of $73.03M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-04 | −$121.17M |
| 2024-03 | −$10.05M |
| 2024-02 | $4.81M |
| 2024-01 | $39.01M |
| 2023-12 | $23.79M |
| 2023-11 | $9.26M |
C000119164 Debt Constituents
No individual debt constituents are reported in Voya Multi-Manager International Factors Fund's latest SEC N-PORT filing.
C000119164 Prospectus and SEC Filings
Official Voya Multi-Manager International Factors Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-27
- Prospectus (485BPOS) — filed 2023-02-24
- Prospectus (485BPOS) — filed 2022-02-23
- Portfolio holdings (N-PORT) — filed 2024-06-25
- Portfolio holdings (N-PORT) — filed 2024-03-25
- Portfolio holdings (N-PORT) — filed 2023-12-20
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-17
Related Funds
Other Developed ex-US Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.