About IDXMX
The Voya Index Solution 2040 Portfolio Service Class is a target-date mutual fund designed to align its investment strategy with the retirement timeline of individuals planning to retire between 2038 and 2042. As a target-date fund, its asset allocation automatically evolves—starting with a growth-oriented mix that gradually shifts toward more conservative holdings as the target date approaches. This fund predominantly invests at least 80% of its assets in a diversified suite of passively managed index funds, offering exposure to a wide range of global asset classes including U.S. and international stocks, bonds, and other fixed-income securities.
Structured as a fund-of-funds, the portfolio leverages underlying index funds to achieve broad diversification while maintaining low relative costs. Notably, this approach reduces management intervention, tracking market indices and seeking long-term total return consistent with retirement-focused goals. Over time, the allocation systematically reduces risk by lowering exposure to equities and increasing allocation to fixed-income instruments, prioritizing stability as investors near retirement. The Voya Index Solution 2040 Portfolio Service Class thus offers a professionally managed, diversified solution tailored for long-term, tax-advantaged retirement accounts, playing a central role in retirement planning for individuals seeking automatic, lifecycle-based investment adjustments.
Fund Family Voya
Category Target-Date 2040
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol IDXMX
Share Class Class S
Index S&P Target Date 2040 TR
IDXMX had a total return of 18.34% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.61%.
