Domestic Equity Q1 2015
Voya Small Company Fund
Investment Objective
Voya Small Company Fund Performance (%) as of 03/31/15
The Fund seeks growth of capital primarily through
investment in a diversified portfolio of common stocks of
companies with smaller market capitalizations.
Class I Shares Average Annual Total Returns (Performance may vary for other share classes)
QTR
4.10
4.32
YTD
4.10
4.32
1 Year
9.06
8.21
3 Years
15.39
16.27
5 Years 10 Years
13.91
9.72
14.57
8.82
Expense Ratio
Gross 1.15%
Net 1.05%
Portfolio Management Team
At Net Asset Value
Russell 2000
Voya Investments, LLC, Investment Adviser
Voya Investment Management Co. LLC, Sub-Adviser
Steven Salopek, Portfolio Manager
Joseph Basset, CFA, Portfolio Manager
James Hasso, Portfolio Manager
The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes
interest, taxes, brokerage, and extraordinary expenses and may be subject to possible recoupment. Please see the
Fund's prospectus for more information. The expense limits will continue through at least October 1, 2015. Expenses
are being waived to the contractual cap.
Fund Facts
Calendar Year Total Returns (%)
Class A
Class C
Class I
Class R6
Class W
NASDAQ
Symbol
AESAX
ASCCX
AESGX
ISMZX
ISMWX
Class I Shares as of December 31
CUSIP #
92913R590
92913R574
92913R566
92913R202
92913R780
Inception Date
04/15/1994
06/30/1998
01/04/1994
05/31/2013
06/12/2009
50
25
0
-25
Summary
Total Net Assets ($ millions)
Number of Holdings
Distribution Payment Frequency
Minimum Initial Investment
Morningstar Category
Fiscal Year End
$600.4
159
Annually
$250,000
Small Blend
May 31
Portfolio Statistics
Weighted Average Market Cap
(millions)
Avg. Price-to-Book (P/B) Ratio
Avg. Price-to-Earnings (P/E)
Ratio
Standard Deviation
Sharpe Ratio
Alpha (3-yr)
Beta (3-yr)
R2
Fund Benchmark
$3,087
$2,068
2.75
24.69
3.16
12.12
1.24
0.73
0.90
98.23
13.41
1.19
Source: Voya Investment Management, Morningstar, and
FactSet.
Portfolio statistics are shown for Class I shares only.
For definitions, see glossary of terms.
Not FDIC Insured | May Lose Value | No Bank Guarantee
I N V E S T M E N T M A N AG E M E N T
voyainvestments.com
-50
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Fund
9.19
16.59
5.15
-31.21
27.42
24.02
-2.81
14.12
37.21
6.16
Benchmark
4.55
18.37
-1.57
-33.79
27.17
26.85
-4.18
16.35
38.82
4.89
The performance quoted represents past performance and does not guarantee future results. Current performance
may be lower or higher than the performance information shown. The investment return and principal value of an
investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than
their original cost. See above "Average Annual Total Returns %" for performance information current to the most
recent month-end. Returns for the other share classes will vary due to different charges and expenses.
Performance assumes reinvestment of distributions and does not account for taxes.
SEC fund returns assume the reinvestment of dividends and capital gain distributions and include a sales charge.
Net Asset Value fund returns assume the reinvestment of dividends and capital gain distributions. Total return for
less than one year is not annualized. Results would have been less favorable if the sales charge were included.
The Russell 2000 Index is an unmanaged index that measures the performance of securities of smaller U.S.
companies. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors
cannot directly invest in an index.
Domestic Equity Q1 2015
Voya Small Company Fund
Top Holdings** (%)
Growth of $10,000 Investment
Class I Shares (without Sales Charge) | 10-Year Period Ending 03/31/15
Ending Value
$25,294
30,000
25,000
20,000
15,000
10,000
5,000
0
03/05
03/07
03/09
03/11
03/13
03/15
The performance quoted in the "Growth of $10,000 Investment" chart represents past performance.
Performance shown is without sales charges; had sales charges been deducted, performance would have been
less. Ending value includes reinvestment of distributions.
Voya Investment Management ("Voya IM")
Voya Investment Management (Voya IM) is a leading active asset management firm. Drawing on over 40 years
of experience and an ongoing commitment to reliable investing, Voya IM has the resources and expertise to
help long-term investors achieve strong investment results.
Investment Risks:
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing.
Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in
investments that are solely domestic. Investing in stocks of Smaller-Sized Companies may entail greater volatility and
less liquidity than larger companies. The Fund may use Derivatives, such as options and futures, which can be illiquid,
may disproportionately increase losses and have a potentially large impact on Fund performance. Other risks of the
Fund include but are not limited to: Market Trends Risks; Other Investment Companies' Risks; Price Volatility Risks;
and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional
Information for a more detailed discussion of the Fund's risks.
Glossary of Terms:
Alpha Measures the difference between a fund's actual return and its level of risk as measured by beta. An alpha of
0.5 implies the fund performed 0.5% better than the market would predict. The figure is calculated on a three-year
basis relative to the benchmark. Avg. Price-to-Book (P/B) Ratio The ratio of a stock’s price to its Book value. Avg.
Price-to-Earnings (P/E) Ratio The price of a stock divided by its earnings per share. Beta Measures the Fund's volatility
relative to the overall market. A beta above 1 is more volatile than the overall market, while a beta below 1 is less
volatile. R2 The way in which a percentage of a portfolio's total returns represents the portfolio's beta measure. Sharpe
Ratio A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of
risk. The higher the Sharpe Ratio, the better the fund's historical risk-adjusted performance. Standard Deviation A
measure of the degree to which an individual probability value varies from the distribution mean. The higher the
number, the greater the risk. Weighted Average Market Cap The value of a corporation as determined by the market
price of its issued and outstanding common stock.
An investor should consider the investment objectives, risks, charges and expenses of the Fund(s)
carefully before investing. For a free copy of the Fund's prospectus, or summary prospectus, which
contains this and other information, visit us at www.voyainvestments.com or call (800) 992-0180.
Please read the prospectus carefully before investing.
©2015 Voya Investments Distributor, LLC, 230 Park Ave, New York, NY 10169. All rights reserved.
Individual Investors (800) 992-0180
FFS-SMCOMPANYI1
(0401-040115-ex073115)
RETIR E M E NT | INV ES TM EN TS | I N S U R A N C E
voyainvestments.com
iShares Russell 2000 Index Fund
HealthSouth Corp.
Microsemi Corp.
QLIK Technologies, Inc.
Cardtronics Inc.
HB Fuller Co.
Wolverine World Wide, Inc.
Orbital ATK, Inc.
Brady Corp.
MB Financial, Inc.
1.54
1.08
1.04
1.01
0.99
0.99
0.98
0.97
0.96
0.94
Excludes investments made with cash collateral received
for securities on loan.
Equity Sector Breakdown** (%)
Financials
Industrials
Information Technology
Consumer Discretionary
Health Care
Materials
Energy
Consumer Staples
Utilities
Not Classified - Mutual Fund
Fund Benchmark
24.33
23.67
17.96
13.58
17.01
17.91
14.60
14.02
11.52
15.61
4.88
4.37
3.78
3.38
2.23
3.19
2.09
3.52
1.59
0.00
Source: Voya Investment Management, Morningstar, and
FactSet.
Portfolio Composition** (%)
Stocks
Short Terms
Other
95.58
2.88
1.54
**Portfolio holdings, sector weightings, and compositions
are subject to change daily.