Fund Evaluator:
Voya Global Income & Growth W (VYGPX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
Voya Global Income & Growth W Overview
Voya Global Income & Growth W (VYGPX) is an actively managed Allocation Global Moderate Allocation fund. Voya launched the fund in 2011.
The investment seeks total return consisting of capital growth, both realized and unrealized, and current income. The fund invests directly or indirectly (including through derivatives) at least 80% of its net assets (plus borrowings for investment purposes) in investments that the sub- adviser believes have potential for income, growth, or both. It invests its assets (expressed as a percentage of its net assets) across asset classes as follows: 33% in high-yield securities, 33% in convertible securities, and 33% in equity securities and/or written call options.
About Voya Global Income & Growth W (VYGPX)
There are 5 members of the management team with an average tenure of 1.97 years: K. Mathew Axline (2025), David Oberto (2024), Ethan Turner (2024), Justin Kass (2024), Michael Yee (2024). 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 Global Aggregate TR USD index with a weighting of 100%. Voya Global Income & Growth W has 310 securities in its portfolio. The top 10 holdings constitute 17.3% 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 Global Income & Growth W is part of the Allocation global asset class and is within the Allocation fund group. Voya Global Income & Growth W has 13.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 22.3%. There is 11.9% allocated to foreign stock, and 2.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 27.4% (25.4% domestic bond, 2.0% foreign bond and 30.2% convertible bond). Voya Global Income & Growth W has 5.5% of the portfolio in cash.
Assets Under Management
The fund has $25 million in total assets, which is below the $947 million average for the Global Moderate Allocation 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.
VYGPX 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 Global Income & Growth W expense ratio is high compared to funds in the Global Moderate Allocation category. Voya Global Income & Growth W has an expense ratio of 0.85%, which is 19% 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 Global Income & Growth W has a portfolio turnover rate of 157%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Voya Global Income & Growth W returned -2.3%, which earned it a grade of F, as the Global Moderate Allocation category had an average return of 0.3%. 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 Global Income & Growth W has a trailing yield of 4.66%, which is above the 2.61% category average. The fund normally distributes its income monthly 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 Global Income & Growth W Grades
Year to date, the fund has returned 6.8%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 14.1% over the past year (grade of D), 12.4% over the past three years (grade of B) and 5.4% per year over the past five years (grade of D) and 7.5% per year over the past 10 years (grade of C).
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VYGPX 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 |
|
| VYGPX Return (NAV) | -2.3% | 0.5% | 14.1% | 12.4% | 5.4% | 7.5% |
| VYGPX Grade | F | F | D | B | D | C |
| +/- Category | -2.5% | -1.5% | -1.9% | 0.4% | -0.8% | 0.2% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| VYGPX Tax Cost Ratio | na | na | 2.0% | 1.7% | 2.0% | 1.6% |
VYGPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VYGPX Return (NAV) | 6.8% | 17.1% | 9.4% | 15.3% | -20.8% | 12.7% | 13.5% | 18.1% | -8.4% | 17.7% | 6.6% |
| VYGPX Grade | D | B | C | A | F | B | B | C | D | A | B |
| +/- Category | -1.4% | 1.0% | 0.9% | 3.1% | -7.4% | 1.1% | 3.7% | 0.4% | -1.3% | 3.7% | -0.0% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 9.5% |
| Total Risk Index: | 0.77 - Below Average |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (77% Rank) |
| Beta: | 0.97 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 4.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $440 Mil |
| Fund Total Assets: | $ 26 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 157% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.3 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Oberto David (2024), Turner Ethan (2024), Kass Justin (2024), Yee Michael (2024), Axline K. Mathew (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 310 |
| % in Top 10 Holdings: | 17.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.9% |
Portfolio Allocation |
|
| Domestic Stock: | 22.3% |
| Foreign Stock: | 11.9% |
| Preferred Stock: | 2.8% |
| Domestic Bond: | 25.4% |
| Foreign Bond: | 2.0% |
| Convertible Bond: | 30.2% |
| Other: | 0.0% |
| Cash: | 5.5% |
Purchase Information
| Fund Family: | Voya |
| Phone Number: | 800-992-0180 |
| Website: | www.voyainvestments.com |
| Status: | Open |
| Inception Date: | August 5, 2011 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| 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 (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Voya Global Income & Growth I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
