Voya Russell Mid Cap Growth Index charges more than it should and it isn't as tax-efficient as some of its index peers. That said, it still enjoys a durable cost advantage over most of its Morningstar Category peers. Its broad, market-cap-weighted portfolio effectively diversifies risk, promotes low turnover, and accurately represents its target market segment. It warrants a Morningstar Analyst Rating of Bronze.
Voya Russell Mid Cap Growth Idx Port S2 IRGVX
NAV / 1-Day Return
46.48
/
2.79
%
Total Assets
671.9 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.800%
Expense Ratio
0.800%
Fee Level
Low
Longest Manager Tenure
8.84
years
Category
Mid-Cap Growth
Investment Style
Mid GrowthMin. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
38%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will IRGVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IRGVX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IRGVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of IRGVX’s parent organization’s priorities and whether they’re in line with investors’ interests.
There are cheaper and more tax-efficient alternatives.
