The Voya Solution target-date series has an established leader in Paul Zemsky. But the team employs an overly active process, a comanager is retiring in mid-2022, and fees are high. The lower-cost share classes earn a Morningstar Analyst Rating of Neutral, while the more expensive ones are rated Negative.
Morningstar’s Fund Analysis ISWAX
Will ISWAX 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 ISWAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the ISWAX 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 ISWAX’s parent organization’s priorities and whether they’re in line with investors’ interests.