Fund Evaluator:
Voya Target In-Retirement I (ISOLX)
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Fund Details
Voya Target In-Retirement I Overview
Voya Target In-Retirement I (ISOLX) is an actively managed Allocation Target-Date Retirement fund. Voya launched the fund in 2012.
The investment seeks a combination of total return and stability of principal consistent with an asset allocation targeted to retirement. The fund invests primarily in a combination of underlying funds, which are actively managed funds or passively managed funds. The underlying funds invest in U.S. stocks, international stocks, U.S. bonds, and other debt instruments and the fund uses an asset allocation strategy designed for investors expecting to retire soon or are already retired. The fund's current approximate target investment allocation among the underlying funds is: 35% in equity securities and 65% in debt instruments.
About Voya Target In-Retirement I (ISOLX)
There are 2 members of the management team with an average tenure of 5.05 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: Bloomberg US Agg Bond TR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Voya Target In-Retirement I has 14 securities in its portfolio. The top 10 holdings constitute 95.8% 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 Target In-Retirement I is part of the Allocation global asset class and is within the Allocation fund group. Voya Target In-Retirement I has 20.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 21.0%. There is 13.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 68.5% (61.2% domestic bond, 7.3% foreign bond and 0.0% convertible bond). Voya Target In-Retirement I has -3.1% of the portfolio in cash.
Assets Under Management
The fund has $3 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.
ISOLX 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 Target In-Retirement I expense ratio is below average compared to funds in the Target-Date Retirement category. Voya Target In-Retirement I has an expense ratio of 0.39%, which is 40% 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 Target In-Retirement I has a portfolio turnover rate of 104%, 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 Target In-Retirement I returned -0.9%, which earned it a grade of F, 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 Target In-Retirement I has a trailing yield of 3.74%, which is above the 3.19% 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 Target In-Retirement I Grades
Year to date, the fund has returned 4.0%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 9.5% over the past year (grade of B), 8.8% over the past three years (grade of B) and 3.6% per year over the past five years (grade of C) and 5.2% per year over the past 10 years (grade of B).
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ISOLX 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 |
|
| ISOLX Return (NAV) | -0.9% | 0.9% | 9.5% | 8.8% | 3.6% | 5.2% |
| ISOLX Grade | F | D | B | B | C | B |
| +/- Category | -0.3% | -0.1% | 0.7% | 0.7% | 0.1% | 0.3% |
| Target-Date Retirement Avg | -0.6% | 1.0% | 8.9% | 8.2% | 3.6% | 4.9% |
| ISOLX Tax Cost Ratio | na | na | 1.4% | 1.2% | 1.6% | 1.5% |
ISOLX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ISOLX Return (NAV) | 4.0% | 12.0% | 7.0% | 11.1% | -15.0% | 6.5% | 10.5% | 13.1% | -3.0% | 9.5% | 5.0% |
| ISOLX Grade | C | B | B | B | F | B | B | C | B | B | C |
| +/- Category | -0.0% | 1.3% | 0.6% | 1.0% | -2.4% | 1.2% | 1.3% | 0.4% | 0.3% | 0.7% | -0.0% |
| Target-Date Retirement Avg | 4.0% | 10.6% | 6.4% | 10.1% | -12.6% | 5.4% | 9.1% | 12.7% | -3.3% | 8.8% | 5.0% |
| Risk Measures | |
| Standard Deviation: | 6.9% |
| Total Risk Index: | 0.56 - Below Average |
| Category Risk Index: | 1.08 - Above Average |
| Category Risk Grade: | D (72% Rank) |
| Beta: | 0.72 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $247 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 104% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.8 years | |||
| Average Tenure: 5.0 years | |||
| Managers (Year): Reinhard Barbara (2019), Blair Lanyon (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 14 |
| % in Top 10 Holdings: | 95.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 20.9% |
Portfolio Allocation |
|
| Domestic Stock: | 21.0% |
| Foreign Stock: | 13.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 61.2% |
| Foreign Bond: | 7.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -3.1% |
Purchase Information
| Fund Family: | Voya |
| Phone Number: | 800-992-0180 |
| Website: | www.voyainvestments.com |
| Status: | Open |
| Inception Date: | December 20, 2012 |
| Min. Initial Purchase: | $250,000 |
| Min. Initial IRA Purchase: | $250,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.39% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.65% |
| Share Class: | Voya Target In-Retirement I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
