Fund Evaluator:

Voya Index Solution Income Port ADV Overview

Voya Index Solution Income Port ADV (ISKAX) is an actively managed Allocation Target-Date Retirement fund. Voya launched the fund in 2008.

The investment seeks to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement. Under normal circumstances, the Portfolio invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a combination of passively managed index funds (collectively, the “underlying funds”). The underlying funds may or may not be advised or sub advised by the Investment Adviser or an affiliate of the Investment Adviser.

About Voya Index Solution Income Port ADV (ISKAX)

There are 2 members of the management team with an average tenure of 5.01 years: Barbara Reinhard (2019), 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 Index Solution Income Port ADV has 13 securities in its portfolio. The top 10 holdings constitute 97.8% 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 Index Solution Income Port ADV is part of the Allocation global asset class and is within the Allocation fund group. Voya Index Solution Income Port ADV has 27.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 20.9%. There is 14.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 68.1% (55.2% domestic bond, 12.9% foreign bond and 0.0% convertible bond). Voya Index Solution Income Port ADV has -3.2% of the portfolio in cash.

Assets Under Management

The fund has $104 million in total assets, which is below the $487 million average for the Target-Date Retirement 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.

ISKAX 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 Index Solution Income Port ADV expense ratio is above average compared to funds in the Target-Date Retirement category. Voya Index Solution Income Port ADV has an expense ratio of 0.71%, which is 10% 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 Index Solution Income Port ADV has a portfolio turnover rate of 40%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Target-Date Retirement category.

Recently, in the month of July 2026, Voya Index Solution Income Port ADV returned -0.8%, which earned it a grade of D, as the Target-Date Retirement category had an average return of -0.6%. 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 Index Solution Income Port ADV has a trailing yield of 3.29%, which is above the 3.19% 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 Index Solution Income Port ADV Grades

Year to date, the fund has returned 3.7%, 0.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 8.8% over the past year (grade of C), 8.2% over the past three years (grade of C) and 3.2% per year over the past five years (grade of D) and 4.7% per year over the past 10 years (grade of D).

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