Fund Evaluator:
Voya Multi-Manager International Sm Cp A (NTKLX)
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Best Performing in Foreign Small/Mid Blend Over the Last Year
| 27.3% | Nuveen Quant Intl Small Cap Eq I (TAISX) |
| 27.2% | Goldman Sachs Intl Sm Cp Insghts Inv (GIRLX) |
| 18.6% | Vanguard FTSE All-Wld ex-US SmCp Idx Adm (VFSAX) |
| 14.3% | Fidelity Advisor Intl Small Cap Z (FIQIX) |
| 14.2% | Fidelity International Small Cap (FISMX) |
Fund Details
Voya Multi-Manager International Sm Cp A Overview
Voya Multi-Manager International Sm Cp A (NTKLX) is an actively managed International Equity Foreign Small/Mid Blend fund. Voya launched the fund in 1994.
The investment seeks maximum long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investments tied to small-capitalization companies. It invests primarily in common stock or securities convertible into common stock of international issuers but may invest from time to time in such instruments as forward foreign currency exchange contracts, futures contracts, rights, and depositary receipts.
About Voya Multi-Manager International Sm Cp A (NTKLX)
There are 11 members of the management team with an average tenure of 3.88 years: Brendan Bradley (2015), Alex Lai (2026), Kurt Livermore (2026), Peter Kashanek (2026), Ciprian Marin (2026), Barbara Reinhard (2023), Lanyon Blair (2023), Fanesca Young (2024), Daniel LeVan (2015), Paul Moghtader (2026), John Evers (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and S&P Developed Ex US Small TR USD index with a weighting of 100%. Voya Multi-Manager International Sm Cp A has 1438 securities in its portfolio. The top 10 holdings constitute 9.5% 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.
Voya Multi-Manager International Sm Cp A is part of the Equity global asset class and is within the International Equity fund group. Voya Multi-Manager International Sm Cp A has 96.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.0%. There is 96.4% 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 Multi-Manager International Sm Cp A has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $74 million in total assets, which is below the $543 million average for the Foreign Small/Mid 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.
NTKLX 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 Multi-Manager International Sm Cp A expense ratio is high compared to funds in the Foreign Small/Mid Blend category. Voya Multi-Manager International Sm Cp A has an expense ratio of 1.53%, which is 34% higher than its category average, making the fund expense ratio grade a F. 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 Multi-Manager International Sm Cp A has a portfolio turnover rate of 77%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 63% for the Foreign Small/Mid Blend category.
Recently, in the month of June 2026, Voya Multi-Manager International Sm Cp A returned -3.2%, which earned it a grade of D, as the Foreign Small/Mid Blend category had an average return of -2.4%. 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 Multi-Manager International Sm Cp A has a trailing yield of 1.34%, which is below the 2.71% 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 Multi-Manager International Sm Cp A Grades
Year to date, the fund has returned 9.7%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 21.7% over the past year (grade of B), 19.1% over the past three years (grade of B) and 8.1% per year over the past five years (grade of B) and 10.4% per year over the past 10 years (grade of A).
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NTKLX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NTKLX Return (NAV) | -3.2% | 7.2% | 21.7% | 19.1% | 8.1% | 10.4% |
| NTKLX Grade | D | F | B | B | B | A |
| +/- Category | -0.8% | -3.1% | 4.2% | 2.9% | 1.7% | 1.5% |
| Foreign Small/Mid Blend Avg | -2.4% | 10.3% | 17.5% | 16.2% | 6.5% | 8.9% |
| NTKLX Tax Cost Ratio | na | na | 2.3% | 1.2% | 1.6% | 1.3% |
NTKLX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NTKLX Return (NAV) | 9.7% | 38.7% | 5.6% | 13.9% | -18.7% | 15.5% | 15.4% | 24.3% | -22.1% | 34.9% | -0.8% |
| NTKLX Grade | D | A | A | D | C | A | A | B | D | B | C |
| +/- Category | -1.4% | 8.7% | 3.3% | -1.0% | 0.5% | 3.3% | 4.6% | 2.1% | -2.7% | 1.3% | -3.2% |
| Foreign Small/Mid Blend Avg | 11.1% | 30.0% | 2.3% | 15.0% | -19.1% | 12.2% | 10.8% | 22.2% | -19.4% | 33.6% | 2.4% |
| Risk Measures | |
| Standard Deviation: | 14.9% |
| Total Risk Index: | 1.22 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (59% Rank) |
| Beta: | 1.01 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $575 Mil |
| Fund Total Assets: | $ 74 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 77% |
Management Team
| Number of Managers: 11 | |||
| Longest Tenure: 11.3 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): LeVan Daniel (2015), Evers John (2015), Bradley Brendan (2015), Reinhard Barbara (2023), Blair Lanyon (2023), Young Fanesca (2024), Moghtader Paul (2026), Lai Alex (2026), Livermore Kurt (2026), Kashanek Peter (2026), Marin Ciprian (2026) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 1438 |
| % in Top 10 Holdings: | 9.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.4% |
Portfolio Allocation |
|
| Domestic Stock: | 3.0% |
| Foreign Stock: | 96.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Voya |
| Phone Number: | 800-992-0180 |
| Website: | www.voyainvestments.com |
| Status: | Open |
| Inception Date: | August 31, 1994 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.53% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.14% |
| Share Class: | Voya Multi-Manager International Sm Cp A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
