Fund Evaluator:

Voya Index Solution 2030 Port Z Overview

Voya Index Solution 2030 Port Z (VSZCX) is an actively managed Allocation Target-Date 2030 fund. Voya launched the fund in 2015.

The investment seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2030. 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 invest in U.S. stocks, international stocks, U.S. bonds, and other debt instruments, and the Portfolio uses an asset allocation strategy designed for investors expecting to retire around the year 2030.

About Voya Index Solution 2030 Port Z (VSZCX)

There are 2 members of the management team with an average tenure of 4.92 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 2030 Port Z has 14 securities in its portfolio. The top 10 holdings constitute 95.3% 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 2030 Port Z is part of the Allocation global asset class and is within the Allocation fund group. Voya Index Solution 2030 Port Z has 31.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 39.5%. There is 22.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.8% (29.5% domestic bond, 9.3% foreign bond and 0.0% convertible bond). Voya Index Solution 2030 Port Z has -0.6% of the portfolio in cash.

Assets Under Management

The fund has $958 million in total assets, which is below the $1 billion average for the Target-Date 2030 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.

VSZCX 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 2030 Port Z expense ratio is low compared to funds in the Target-Date 2030 category. Voya Index Solution 2030 Port Z has an expense ratio of 0.17%, which is 74% lower than its category average, making the fund expense ratio grade a A. 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 2030 Port Z has a portfolio turnover rate of 26%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 23% for the Target-Date 2030 category.

Recently, in the month of June 2026, Voya Index Solution 2030 Port Z returned 0.0%, which earned it a grade of D, as the Target-Date 2030 category had an average return of 0.2%. 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 2030 Port Z has a trailing yield of 2.52%, which is below the 2.56% 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 Index Solution 2030 Port Z Grades

Year to date, the fund has returned 7.7%, 0.9 percentage points better than the category, which translates into a grade of B. The fund has returned 15.8% over the past year (grade of B), 13.3% over the past three years (grade of A) and 6.7% per year over the past five years (grade of A) and 9.1% per year over the past 10 years (grade of A).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Voya Index Solution 2030 Port Z, including its riskiness, submit your email to unlock the rest of the article.