VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO
Aggressive allocation fund
As of its 2026 Q2 report, VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO held 269 positions with $7.01B in net assets. Its ten largest holdings made up 29.7% of the fund. The ITRAX share class costs 1.25% a year. Over the 12 months to May 2026, ITRAX returned 14.7%, with dividends reinvested. In 2026 Q2 it added 78 new positions and exited 60.
The Portfolio seeks, over the long-term, a high total investment return, consistent with the preservation of capital and with prudent investment risk.
The fund pursues an active allocation strategy across equities, debt, and money market instruments, with at least 50% in common stocks selected by a sub-adviser using a value approach that identifies companies trading low relative to assets or earnings, alongside opportunistic positions expected to appreciate near-term. The sub-adviser may establish large positions in particularly attractive companies and invests up to 25% in foreign securities, up to 30% in below-investment-grade debt, and uses derivatives to manage risk and adjust market exposure. Because the fund concentrates in securities the sub-adviser finds undervalued and may hold large positions in individual companies, performance depends on those selections and can diverge significantly from broad market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TRPGRIAT Rowe Price Government Reserve Investment Fund | 4.24% | $296.83M | — | — |
AMZNAMAZON.COM INC | 3.52% | $246.50M | 1.0M | $238.34 |
MSFTMICROSOFT CORP | 3.46% | $242.64M | 650.5K | $373.02 |
NVDANVIDIA CORP | 3.06% | $214.46M | 1.1M | $200.09 |
GOOGLALPHABET INC | 2.72% | $190.82M | 534.0K | $357.37 |
AVGOBROADCOM INC | 2.67% | $187.20M | 495.6K | $377.75 |
2.63% | $184.60M | 4.2M | $44.04 | |
2.63% | $184.56M | 327.6K | $563.29 | |
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 3.50% · due 2031-02-28 | 2.48% | $174.14M | — | — |
2.25% | $157.73M | 271.5K | $580.91 |
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.
The 200 largest of 269 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 63.80% |
| Bonds | 24.39% |
| Loans | 8.45% |
| Cash & short-term | 5.24% |
| Securitized | 0.12% |
| Derivatives | -0.56% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 18.4%
- Other
- 16.8%
- Government
- 15.0%
- Health Care
- 10.3%
- 11 other sectors
- 39.5%
- Information Technology
- 18.4%
- Other
- 16.8%
- Government
- 15.0%
- Health Care
- 10.3%
- Utilities
- 7.6%
- Communication Services
- 6.9%
- Consumer Discretionary
- 6.6%
- Financials
- 4.9%
- Cash
- 4.3%
- International
- 4.1%
- Industrials
- 2.7%
- Energy
- 1.2%
- Consumer Staples
- 0.7%
- Real Estate
- 0.3%
- Securitized
- 0.1%
How it has done
ITRAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.56%. Past returns are a record, not a forecast.
Jun 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.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.25% | +14.73% | +45.71% | +48.01% | -5.83% | |
| 0.65% | +15.42% | +48.32% | +52.46% | -5.69% | |
| 0.90% | +15.14% | +47.18% | +50.53% | -5.79% | |
| 1.05% | +14.94% | +46.54% | +49.45% | -5.79% | |
| 0.65% | +15.40% | +48.30% | +52.43% | -5.69% |
These classes hold the same portfolio, so the 4.45pp spread over 5 years is the cost difference between them — roughly 0.89pp a year — not a difference in what they own.
Fees & fund details
VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO is an aggressive allocation fund. 20% of ITRAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
- Expense ratio, by class
- 0.65% – 1.25%· ITRAX 1.25%
- Portfolio turnover
- 131.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
78 new· the largest 7
60 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 71.9% |
| Floating rate | 27.9% |
| Zero-coupon or unclassified | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 4.3% |
| 1-3y | 5.1% |
| 3-5y | 53.6% |
| 5-10y | 31.0% |
| 10y+ | 5.9% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 62% |
| Credit spreads | 38% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +0.64 yr |
| Investment grade | +0.13 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.13 yr | 10% |
| 5 yr | 0.71 yr | 55% |
| 10 yr | 0.25 yr | 20% |
| 30 yr | 0.18 yr | 14% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.20 yr | 26% |
| 5 yr | 0.26 yr | 34% |
| 10 yr | 0.13 yr | 16% |
| 30 yr | 0.18 yr | 24% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $969 | $707 |
| 1 yr | +0.13 | +0.02 | +0.17 | $16.7k | $121.8k |
| 5 yr | +0.71 | +0.09 | +0.18 | $60.0k | $123.5k |
| 10 yr | +0.25 | +0.02 | +0.11 | $13.8k | $75.6k |
| 30 yr | +0.18 | +0.00 | +0.18 | $0 | $129.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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