- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Scottsdale AZ 85258 Scottsdale AZ United States of America 85258
- IPO Date
- Jan 3, 2002
- Business
- Voya Large-Cap Growth Fund - I (PLCIX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of large-capitalization U.S. companies with above-average growth prospects, focusing on those within the Russell 1000 Growth Index range; it emphasizes bottom-up stock selection of high-quality companies exhibiting strong capital investment, improving profitability, positive business momentum, and attractive valuations, while minimizing macro and style biases through fundamental, stock-specific insights. The fund maintains a concentrated portfolio of approximately 56 holdings, with top allocations typically in leading technology firms such as NVIDIA Corporation (14.71%), Microsoft Corporation (12.74%), and Apple Inc. (9.30%), alongside exposure to communication services (14.43%), consumer discretionary (10.95%), and health care (6.91%); sector weights closely track the benchmark, and it distributes dividends annually with a recent trailing twelve-month yield of 0.13% and turnover of 55%. Class I shares, identified by ticker PLCIX and CUSIP 92913K504, feature an adjusted expense ratio of 0.58% (gross and net, with contractual limits through at least October 1, 2026), a minimum initial investment of $250,000, and total net assets of $846.4 million as of September 30, 2025.
Managed by Voya Investment Management Co. LLC (sub-adviser) under Voya Investments, LLC (adviser), the fund is led by co-portfolio managers Kristy R. Finnegan, CFA (managing since 2019, 25 years of experience), and Leigh Todd, CFA (managing since 2021, 29 years of experience), who apply an all-weather investment process committed to style purity in the large-cap growth category. Voya Large-Cap Growth Fund - I, Class I shares inaugurated on January 8, 2002, operates from Voya Financial's headquarters in New York, New York, with geographic focus on U.S. equities and availability to institutional investors through platforms like Schwab and Fidelity; it forms part of Voya Investment Management's broader equity offerings within the firm's $366 billion in discretionary assets under management as of September 30, 2025.
Recent developments include sustained portfolio positioning for market cycle shifts, with quarterly commentary noting underperformance in Q2 2024 due to stock selection amid tech-led rallies, alongside annual capital gains distributions such as $10.1562 per share in December 2024 (including $7.4274 long-term and $0.4261 short-term) and a planned $2.0929 long-term gain in July 2025; the fund continues under its contractual expense cap with no reported management changes. On the parent level, Voya Financial completed the acquisition of OneAmerica Financial's full-service retirement plan business in January 2025, expanding its retirement services footprint, while entering a July 2025 strategic partnership with Blue Owl Capital to integrate private markets solutions, including direct lending and asset-backed finance, potentially enhancing distribution for Voya-managed funds like PLCIX; earlier, in 2022, Voya Investment Management integrated teams and $120 billion in assets from Allianz Global Investors via a long-term alliance.