VOYA GROWTH AND INCOME PORTFOLIO

Voya Variable Funds · 4 share classes

Actively managed U.S. equity fund
One fund, 4 share classes:IAVGXIIVGXISVGXIGISX
$2.76B NAV
75 positions · as of 2026-06-30 · filed 2026-08-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

VOYA GROWTH AND INCOME PORTFOLIO is an actively managed U.S. equity fund. 13% of IAVGX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The Portfolio seeks to maximize total return through investments in a diversified portfolio of common stock and securities convertible into common stocks. It is anticipated that capital appreciation and investment income will both be major factors in achieving total return.

Strategy · summarised

The fund is managed by a sub-adviser that selects common stocks and convertible securities using fundamental research to identify positive earnings momentum and favorable valuation characteristics, with emphasis on larger companies, selective exposure to mid-cap and foreign stocks, and consideration of environmental, social, and governance factors alongside financial metrics. Because security selection depends on the sub-adviser's analysis and judgment, fund holdings and returns will diverge from any benchmark. The fund may use derivatives to reduce volatility and may lend up to one-third of its assets.

Expenses
0.67% 1.25%across 4 share classes
Share classGrossNet
IAVGX1.30%1.25%
IIVGX0.80%0.67%
ISVGX1.05%0.92%
IGISX1.20%1.07%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 90.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.44%
of net assets
Stocks99.48%
Cash & short-term0.87%
Bonds0.09%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology33.5%
Financials11.6%
Communication Services9.8%
Health Care9.0%
10 smaller36.1%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
13%of stock holdings in top-quartile growers
covering 96% of the fund’s equity
Earnings growth
20%of stock holdings in top-quartile growers
covering 90% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 30 new16 exited

Largest new: MCHP, MRK, PM, ONTO, UNH, COHR, AEE, ALGN

Largest exited: Taiwan Semiconductor Manufacturing Co., Ltd., PEP, DUK, AstraZeneca PLC, REGN, MCK, LOW, PH

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+28.21%+72.31%+80.07%14.65%-8.76%
+28.78%+74.65%+84.21%14.65%-8.65%
+28.50%+73.43%+82.03%14.67%-8.68%
+28.34%+72.66%+80.63%14.70%-8.76%

These classes hold the same portfolio, so the 4.13pp spread over 5 years is the cost difference between them — roughly 0.83pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
3.63%
Avg maturity
0.00 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
APPLE INCAAPL7.74%$213.90M
ALPHABET INCGOOGL6.46%$178.60M
AMAZON.COM INCAMZN4.37%$120.83M
MICRON TECHNOLOGY INCMU4.23%$116.94M
NVIDIA CORPNVDA4.02%$111.03M
BROADCOM INCAVGO3.99%$110.14M
JP MORGAN CHASE & COMPANYJPM3.18%$87.76M
INTERNATIONAL BUSINESS MACHINES CORPIBM3.12%$86.31M
CISCO SYSTEMS INCCSCO3.10%$85.56M
META PLATFORMS INCMETA2.47%$68.25M
Showing 10 of 75Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 42.68% of net assets, top 25 64.78%, across 75 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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