Fund Evaluator:

Voya Russell Large Cap Index Port I Overview

Voya Russell Large Cap Index Port I (IIRLX) is a passively managed U.S. Equity Large Blend fund. Voya launched the fund in 2008.

The investment seeks investment results (before fees and expenses) that correspond to the total return (which includes capital appreciation and income) of the Russell Top 200® Index ("index"). The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investments tied to the index. It invests principally in equity securities and employs a “passive management” approach designed to track the performance of the index.

About Voya Russell Large Cap Index Port I (IIRLX)

There are 2 members of the management team with an average tenure of 7.26 years: Mark Buccigross (2025), Kai Wong (2013). 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 Top 200 TR USD index with a weighting of 100%. Voya Russell Large Cap Index Port I has 205 securities in its portfolio. The top 10 holdings constitute 41.3% 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 Russell Large Cap Index Port I is part of the Equity global asset class and is within the U.S. Equity fund group. Voya Russell Large Cap Index Port I has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.7%. There is 0.3% 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 Russell Large Cap Index Port I has -0.1% of the portfolio in cash.

Assets Under Management

The fund has $734 million in total assets, which is below the $6 billion average for the Large Blend 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.

IIRLX 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 Russell Large Cap Index Port I expense ratio is below average compared to funds in the Large Blend category. Voya Russell Large Cap Index Port I has an expense ratio of 0.36%, which is 56% lower than its category average, making the fund expense ratio grade a A. 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 Russell Large Cap Index Port I has a portfolio turnover rate of 11%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Voya Russell Large Cap Index Port I returned -0.3%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. 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 Russell Large Cap Index Port I has a trailing yield of 0.69%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains semi-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 Russell Large Cap Index Port I Grades

Year to date, the fund has returned 8.5%, 0.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.5% over the past year (grade of C), 19.8% over the past three years (grade of A) and 13.0% per year over the past five years (grade of A) and 15.6% per year over the past 10 years (grade of A).

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