Fund Evaluator:

Voya Retirement Moderately Agrsv Portt I Overview

Voya Retirement Moderately Agrsv Portt I (IRGMX) is an actively managed Allocation Moderate Allocation fund. Voya launched the fund in 2006.

The investment seeks a high level of total return consistent with a level of risk that can be expected to be greater than that of Voya Retirement Moderate Portfolio but less than that of Voya Retirement Growth Portfolio. The fund invests in a combination of underlying funds according to a model that is intended to reflect an allocation of approximately 60% of its assets in equity securities and 40% of its assets in debt securities. The actual amount of Portfolio assets invested in equity securities may vary at any time and may range from 50% to 80% of its assets in equity securities and from 20% to 50% of its assets in debt securities.

About Voya Retirement Moderately Agrsv Portt I (IRGMX)

There are 2 members of the management team with an average tenure of 5.75 years: Barbara Reinhard (2018), Lanyon Blair (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Voya Retirement Moderately Agrsv Portt I has 9 securities in its portfolio. The top 10 holdings constitute 100.0% 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 Retirement Moderately Agrsv Portt I is part of the Allocation global asset class and is within the Allocation fund group. Voya Retirement Moderately Agrsv Portt I has 13.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.0%. There is 10.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 39.5% (36.5% domestic bond, 2.9% foreign bond and 0.0% convertible bond). Voya Retirement Moderately Agrsv Portt I has -4.8% of the portfolio in cash.

Assets Under Management

The fund has $21 million in total assets, which is below the $2 billion average for the Moderate Allocation 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.

IRGMX 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 Retirement Moderately Agrsv Portt I expense ratio is above average compared to funds in the Moderate Allocation category. Voya Retirement Moderately Agrsv Portt I has an expense ratio of 0.66%, which is 34% lower than its category average, making the fund expense ratio grade a B. 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 Retirement Moderately Agrsv Portt I has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, Voya Retirement Moderately Agrsv Portt I returned -0.7%, which earned it a grade of D, as the Moderate Allocation category had an average return of -0.3%. 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 Retirement Moderately Agrsv Portt I has a trailing yield of 1.12%, which is below the 1.97% 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 Retirement Moderately Agrsv Portt I Grades

Year to date, the fund has returned 6.7%, 0.3 percentage points better than the category, which translates into a grade of C. The fund has returned 13.6% over the past year (grade of C), 12.5% over the past three years (grade of B) and 6.9% per year over the past five years (grade of C) and 8.6% per year over the past 10 years (grade of C).

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