- ISIN
- US92913W6802
- CUSIP
- 92913W680
- Issuer
- BlackRock
- Inception Date
- Oct 10, 2011
- Category
- Emerging Markets Diversified
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IEMGX Performance Chart
Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) is up 40.3% since the beginning of the year. IEMGX is currently trading at $18 per share. Investors who bought $1,000 worth of IEMGX shares 5 years ago would now be looking at an investment worth $1,650.
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Returns By Period
Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) has returned 40.34% so far this year and 76.34% over the past 12 months. Over the last ten years, IEMGX has returned 12.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Voya Multi-Manager Emerging Markets Equity Fund
- 1D
- 3.92%
- 1M
- 10.01%
- YTD
- 40.34%
- 6M
- 44.04%
- 1Y
- 76.34%
- 3Y*
- 28.80%
- 5Y*
- 10.54%
- 10Y*
- 12.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IEMGX Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2011, IEMGX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2022 with a return of +15.0%, while the worst month was Mar 2020 at -19.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IEMGX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.3%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.23% | 6.66% | -12.69% | 14.46% | 11.59% | 5.13% | 40.34% | ||||||
| 2025 | 2.89% | -0.83% | 1.16% | 1.77% | 6.63% | 8.42% | -1.59% | 2.87% | 7.24% | 7.48% | -1.13% | 4.31% | 46.12% |
| 2024 | -4.03% | 5.17% | 2.87% | -2.49% | 2.04% | 3.70% | -0.77% | 1.26% | 2.98% | -4.76% | -2.35% | -2.27% | 0.76% |
| 2023 | 9.09% | -5.88% | 2.84% | -1.66% | -0.34% | 4.28% | 5.51% | -5.42% | -3.35% | -3.14% | 8.55% | 5.16% | 15.09% |
| 2022 | -3.06% | -6.30% | -4.39% | -5.87% | 0.73% | -7.94% | 1.12% | -0.33% | -10.56% | -0.50% | 14.98% | -2.96% | -24.13% |
| 2021 | 3.37% | 1.66% | -2.03% | 2.87% | 1.10% | 0.71% | -6.38% | 1.64% | -2.82% | -0.35% | -3.53% | 1.27% | -2.91% |
Benchmark Metrics
Voya Multi-Manager Emerging Markets Equity Fund has an annualized alpha of -1.90%, beta of 0.80, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since October 12, 2011.
- This fund participated in 97.99% of S&P 500 Index downside but only 76.58% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.90%
- Beta
- 0.80
- R²
- 0.56
- Upside Capture
- 76.58%
- Downside Capture
- 97.99%
Expense Ratio
IEMGX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IEMGX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Voya Multi-Manager Emerging Markets Equity Fund (IEMGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEMGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.37 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | 2.78 | +2.72 |
| Martin ratioReturn relative to average drawdown | 19.88 | 12.44 | +7.44 |
Dividends
Dividend History
Voya Multi-Manager Emerging Markets Equity Fund provided a 4.28% dividend yield over the last twelve months, with an annual payout of $0.77 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.43 | $0.19 | $0.36 | $2.30 | $0.57 | $0.35 | $0.11 | $0.19 | $0.11 | $0.13 |
Dividend yield | 4.28% | 6.01% | 4.66% | 1.99% | 4.22% | 19.49% | 3.91% | 2.69% | 1.01% | 1.39% | 1.17% | 1.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Voya Multi-Manager Emerging Markets Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.30 | $2.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Voya Multi-Manager Emerging Markets Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Voya Multi-Manager Emerging Markets Equity Fund was 41.87%, occurring on Oct 24, 2022. Recovery took 708 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -41.87%Oct 2022 | 1y 8mo | 2y 10mo | 4y 7moFeb 2021 - Sep 2025 |
COVID crash2020 | -39.30%Mar 2020 | 2y 1mo | 8mo 1d | 2y 9moJan 2018 - Nov 2020 |
2016 bear market2016 | -37.84%Feb 2016 | 1y 5mo | 1y 5mo | 2y 10moSep 2014 - Jul 2017 |
2012 correction2012 | -18.33%Jun 2012 | 3mo 1d | 7mo 20d | 10mo 21dMar 2012 - Jan 2013 |
2013 correction2013 | -16.10%Jun 2013 | 1mo 16d | 3mo 24d | 5mo 10dMay 2013 - Oct 2013 |
Drawdown Indicators
| IEMGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -56.78% | +14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -9.10% | -6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -18.90% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -25.43% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | -33.92% | -7.95% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -10.71% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.03% | +2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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