Fund Evaluator:
VY® Invesco Comstock S (IVKSX)
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Best Performing in Large Value Over the Last Year
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Fund Details
VY® Invesco Comstock S Overview
VY® Invesco Comstock S (IVKSX) is an actively managed U.S. Equity Large Value fund. Voya launched the fund in 2002.
The investment seeks capital growth and income. Under normal market conditions, the Portfolio invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks, and in derivatives and other instruments that have economic characteristics similar to such securities. The Portfolio may invest in securities of issuers of any market capitalization; and a substantial number of the issuers in which the Portfolio invests are large-capitalization issuers. The Portfolio may invest up to 25% of its net assets in securities of foreign issuers, which may include securities of issuers located in emerging market countries and ADRs.
About VY® Invesco Comstock S (IVKSX)
There are 4 members of the management team with an average tenure of 15.78 years: Devin Armstrong (2007), James Warwick (2007), Umang Khetan (2025), Kevin Holt (2002). 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 S&P 500 (TR) (1970) index with a weighting of 100%. VY® Invesco Comstock S has 83 securities in its portfolio. The top 10 holdings constitute 26.5% 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.
VY® Invesco Comstock S is part of the Equity global asset class and is within the U.S. Equity fund group. VY® Invesco Comstock S has 8.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.8%. There is 8.5% 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). VY® Invesco Comstock S has 2.7% of the portfolio in cash.
Assets Under Management
The fund has $105 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.
IVKSX 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 VY® Invesco Comstock S expense ratio is high compared to funds in the Large Value category. VY® Invesco Comstock S has an expense ratio of 0.97%, which is 5% 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. VY® Invesco Comstock S has a portfolio turnover rate of 22%, 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, VY® Invesco Comstock S returned 1.9%, which earned it a grade of D, 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.
VY® Invesco Comstock S has a trailing yield of 1.07%, which is below the 1.20% category average. The fund normally distributes its income semi-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.
VY® Invesco Comstock S Grades
Year to date, the fund has returned 12.9%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.8% over the past year (grade of C), 15.9% over the past three years (grade of C) and 13.0% per year over the past five years (grade of A) and 12.7% per year over the past 10 years (grade of A).
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IVKSX 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 |
|
| IVKSX Return (NAV) | 1.9% | 5.3% | 22.8% | 15.9% | 13.0% | 12.7% |
| IVKSX Grade | D | D | C | C | A | A |
| +/- Category | -1.0% | -0.9% | -1.0% | 0.2% | 2.1% | 1.4% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| IVKSX Tax Cost Ratio | na | na | 3.3% | 3.3% | 2.2% | 2.1% |
IVKSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IVKSX Return (NAV) | 12.9% | 17.0% | 14.7% | 12.0% | 0.4% | 33.0% | -0.5% | 25.2% | -12.4% | 17.7% | 17.8% |
| IVKSX Grade | D | B | C | C | A | A | F | C | F | B | A |
| +/- Category | -1.4% | 1.8% | 0.6% | 0.2% | 6.4% | 7.2% | -4.3% | -0.4% | -3.9% | 1.3% | 3.2% |
| 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: | 12.1% |
| Total Risk Index: | 0.98 - Average |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (54% Rank) |
| Beta: | 0.75 |
| R-Squared: | 65% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $234 Mil |
| Fund Total Assets: | $ 106 Mil |
| Share Class Type: | S |
| Portfolio Turnover: | 22% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 24.3 years | |||
| Average Tenure: 15.8 years | |||
| Managers (Year): Holt Kevin (2002), Armstrong Devin (2007), Warwick James (2007), Khetan Umang (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 83 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.5% |
Portfolio Allocation |
|
| Domestic Stock: | 88.8% |
| Foreign Stock: | 8.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.7% |
Purchase Information
| Fund Family: | Voya |
| Phone Number: | 800-262-3862 |
| Website: | www.INGInvestment.com |
| Status: | Open |
| Inception Date: | May 1, 2002 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.97% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | VY® Invesco Comstock I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
