Fund Evaluator:
Voya Large Cap Value R2 (IEDBX)
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Fund Details
Voya Large Cap Value R2 Overview
Voya Large Cap Value R2 (IEDBX) is an actively managed U.S. Equity Large Value fund. Voya launched the fund in 2025.
The investment seeks long-term growth of capital and current income. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of dividend-paying, large-capitalization issuers. The sub-adviser ("Sub-Adviser") defines large-capitalization companies as companies with market capitalizations that fall within the collective range of companies within the Russell 1000® Value Index at the time of purchase.
About Voya Large Cap Value R2 (IEDBX)
There are 2 members of the management team with an average tenure of 7.88 years: James Dorment (2015), Gregory . Wachsman (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Voya Large Cap Value R2 has 71 securities in its portfolio. The top 10 holdings constitute 32.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Voya Large Cap Value R2 is part of the Equity global asset class and is within the U.S. Equity fund group. Voya Large Cap Value R2 has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.3%. There is 2.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Voya Large Cap Value R2 has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $77 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IEDBX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Voya Large Cap Value R2 expense ratio is high compared to funds in the Large Value category. Voya Large Cap Value R2 has an expense ratio of 1.25%, which is 35% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Voya Large Cap Value R2 has a portfolio turnover rate of 100%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, Voya Large Cap Value R2 returned 1.3%, which earned it a grade of F, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Voya Large Cap Value R2 has a trailing yield of 0.00%, which is below the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Voya Large Cap Value R2 Grades
Year to date, the fund has returned 12.2%, 2.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 19.3% over the past year (grade of D), 15.2% over the past three years (grade of C) and 11.3% per year over the past five years (grade of C) and 11.3% per year over the past 10 years (grade of C).
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IEDBX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IEDBX Return (NAV) | 1.3% | 7.8% | 19.3% | 15.2% | 11.3% | 11.3% |
| IEDBX Grade | F | B | D | C | C | C |
| +/- Category | -1.6% | 1.6% | -4.6% | -0.5% | 0.5% | 0.0% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| IEDBX Tax Cost Ratio | na | na | na | na | na | na |
IEDBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IEDBX Return (NAV) | 12.2% | 12.5% | 16.4% | 13.1% | -3.9% | 26.1% | 5.4% | 24.4% | -8.3% | 13.1% | 13.1% |
| IEDBX Grade | D | D | B | B | B | C | B | D | C | F | D |
| +/- Category | -2.1% | -2.7% | 2.3% | 1.2% | 2.2% | 0.3% | 1.6% | -1.2% | 0.2% | -3.3% | -1.5% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 12.4% |
| Total Risk Index: | 1.01 - Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (66% Rank) |
| Beta: | 0.80 |
| R-Squared: | 72% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2569 Mil |
| Fund Total Assets: | $ 77 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 100% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.6 years | |||
| Average Tenure: 7.9 years | |||
| Managers (Year): Dorment James (2015), . Wachsman Gregory (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 71 |
| % in Top 10 Holdings: | 32.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.6% |
Portfolio Allocation |
|
| Domestic Stock: | 97.3% |
| Foreign Stock: | 2.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Fund Family: | Voya |
| Phone Number: | 800-992-0180 |
| Website: | www.voyainvestments.com |
| Status: | Open |
| Inception Date: | September 30, 2025 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.40% |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Voya Large Cap Value A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
