Voya Russell Small Cap Index offers a diversified, low-turnover portfolio that is representative of the U.S. small-cap market. However, indexing this illiquid and volatile space is inherently tricky, and the fund’s index does little to mitigate turnover and the accompanying costs among its smallest holdings. Owing to its relatively competitive fee, we have upgraded the Morningstar Analyst Rating for the fund’s P2 share class to Bronze from Neutral; its remaining share classes maintain their Neutral and Negative ratings.
Will IRSSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IRSSX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IRSSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IRSSX’s parent organization’s priorities and whether they’re in line with investors’ interests.