Voya Small Cap Growth Fund

Voya Equity Trust · 6 share classes

Actively managed U.S. equity fund
One fund, 6 share classes:TCMSXVLNPXVWYIXVWYFXVWYGXVWYKX
$2.12B NAV
100 positions · as of 2026-05-31 · filed 2026-07-22

Fund classification

Classified from what the fund holds · as of 2026 Q2

Voya Small Cap Growth Fund is an actively managed U.S. equity fund. 54% of TCMSX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 85% 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 · 2025 Q4

The Fund seeks long-term capital appreciation.

Strategy · summarised

The fund is managed by a sub-adviser that uses fundamental research to identify small-capitalization growth companies expected to deliver superior earnings growth, focusing on lesser-known firms with sustainable valuations. The portfolio is invested primarily in U.S. common stocks within the Russell 2000 market-capitalization range, with up to 20% in foreign equity securities and potential sector concentrations exceeding 25%. Because returns depend on the sub-adviser's security selection, the fund may diverge materially from the Russell 2000 Index.

Expenses
0.86% 2.01%across 6 share classes
Share classExpense ratio
TCMSX0.95%
VLNPX0.86%
VWYIX1.51%
VWYFX1.26%
VWYGX2.01%
VWYKX1.01%

Portfolio turnover 130.00% · as of 2025 Q4

Allocation

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

100.05%
of net assets
Stocks96.36%
Cash & short-term3.69%

Sector allocation

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

100%
of net assets
Industrials25.7%
Health Care20.7%
Information Technology19.8%
Consumer Discretionary7.3%
7 smaller26.6%

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
54%of stock holdings in top-quartile growers
covering 85% 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: 29 new31 exited

Largest new: IONQ, SMTC, ABCB, PIPR, LNTH, PSMT, FPS, IDCC

Largest exited: Tower Semiconductor Limited, ELF, LITE, LOAR, SITE, Piper Sandler Companies, WAL, AAON

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+47.40%+72.46%18.92%-21.93%
+47.54%+72.88%18.93%-21.92%
+46.66%+69.66%18.91%-22.13%
+47.10%+70.96%18.93%-22.06%
+45.94%+67.12%18.91%-22.28%
+47.40%+72.26%18.94%-21.94%

These classes hold the same portfolio, so the 5.77pp spread over 3 years is the cost difference between them — roughly 1.92pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

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

Holdings

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

Issuer%NAVValue
MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDSMVRXX3.69%$78.07M
SILICON MOTION TECHNOLOGY CORPSIMO2.69%$56.84M
BLOOM ENERGY CORPBE2.47%$52.31M
STANDEX INTERNATIONAL CORPSXI2.17%$45.83M
BRIGHTSPRING HEALTH SERVICES INCBTSG2.06%$43.61M
ALLEGRO MICROSYSTEMS INCALGM1.83%$38.62M
CASELLA WASTE SYSTEMS INCCWST1.75%$37.03M
FIVE BELOW INCFIVE1.68%$35.54M
MERCURY SYSTEMS INCMRCY1.56%$33.08M
ONTO INNOVATION INCONTO1.56%$33.06M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 21.46% of net assets, top 25 42.99%, across 100 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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