Voya Investments, LLC (VIL) acts as an investment advisor for registered investment companies (mutual funds). VIL primarily operates as a Manager-of-Managers, hiring other registered investment advisors to manage the funds' assets on a daily basis. VIL oversees these sub-advisors, monitors their performance, and ensures they comply with regulations. VIL can also directly manage a portion of the funds' assets and invest in futures and exchange-traded funds.
Fee Structure
Voya Investments, LLC (VIL) provides advisory and administrative services to mutual funds. The fees range from 0.15% to 1.25% annually based on the fund's average daily net assets. These fees are typically billed monthly. VIL may waive fees or reimburse fund expenses to keep total operating expenses within certain limits.