Approach
The team believes stock prices follow earnings and cash flow over time and invests in companies with strong growth prospects and cash flow generation. As generalists with industry expertise, they conduct intensive bottom-up fundamental analysis to identify companies with superior revenue and earnings potential that are trading at sustainable valuations.
Key Benefits
- Experienced team of generalists with industry expertise
- Consistently applied philosophy and process across various market cycles driven by bottom-up fundamental analysis
- Diversified, high quality, risk adjusted portfolio positioned to outperform the Russell 2000 Growth benchmark
Performance
Performance
| As of 10/31/24 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (8/01/04) |
|---|---|---|---|---|---|---|---|---|
| Gross | -1.48 | -0.47 | 18.90 | 43.41 | 3.79 | 12.76 | 12.77 | 12.07 |
| Net | -1.55 | -0.70 | 18.02 | 42.17 | 2.86 | 11.76 | 11.77 | 11.07 |
| Index* | -1.33 | -1.12 | 11.72 | 36.49 | -2.30 | 7.92 | 8.15 | 8.97 |
* Russell 2000 Growth Index
Past performance does not guarantee future results.
Periods greater than one year are annualized. Performance data is considered final unless indicated as preliminary. Tygh Capital Management, Inc. (“TCM”) claims compliance with the Global Investment Performance Standards (GIPS®). TCM is an independent investment management firm established in 2004 and registered with the Securities and Exchange Commission. Monthly performance is based on full GIPS Composite returns. Access the GIPS page for full composite details.
The Composite performance information represents the investment results of a group of fully discretionary accounts managed with the investment objective of outperforming the benchmark. Information is subject to change at any time. Gross returns are presented after all transaction costs, but before management fees. Returns include the reinvestment of income. Net performance is shown after the deduction of a model management fee equal to the highest fee charged.
Literature
Voya Small Cap Growth Strategy Quarterly Commentary
Date: September 30, 2024
Approved For: Public Use Material
Voya IM Equity Profile
Date: September 30, 2024
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Voya SmallCap Opportunities Portfolio Quarterly Commentary
Date: September 30, 2024
Approved For: Public Use Material
Voya Small Cap Growth Strategy Brief
Date: September 30, 2024
Includes Investment Commentary
Approved For: Financial Professional or Qualified Institutional Investor Use Only
Investment Team
Michael Coyne, CFA
Head of Small Cap Growth, Portfolio Manager
Years of Experience: 27
Years with Voya: 2
Mitchell Brivic, CFA
Portfolio Manager
Years of Experience: 29
Years with Voya: 2
Disclosures
Principal Risk
The strategy employs a quantitative model to execute the strategy. Data imprecision, software or other technology malfunctions, programming inaccuracies and similar circumstances may impair the performance of these systems, which may negatively affect performance. Furthermore, there can be no assurance that the quantitative models used in managing the strategy will perform as anticipated or enable the strategy to achieve its objective.
The principal risks are generally those attributable to investing in stocks and related derivative instruments. Holdings are subject to market, issuer and other risks, and their values may fluctuate. Market risk is the risk that securities or other instruments may decline in value due to factors affecting the securities markets or particular industries. Issuer risk is the risk that the value of a security or instrument may decline for reasons specific to the issuer, such as changes in its financial condition. More particularly, the strategy invests in smaller companies which may be more susceptible to price swings than larger companies because they have fewer resources and more limited products, and many are dependent on a few key managers.