Tronox Holdings’ $8.07 close on June 3 helped offset broader underperformance in Voya’s dynamic small-cap strategy amid market volatility.
Voya MI Dynamic Small Cap Fund attributed part of its first-quarter 2026 performance to an overweight position in Tronox Holdings plc (TROX), which closed at $8.07 on June 3. The fund underperformed its Russell 2000 benchmark due to stock selection challenges in a volatile quarter marked by geopolitical risks and policy uncertainty.
Equity markets remained range-bound as large-cap tech stocks struggled with AI disruption concerns, while value stocks showed resilience. The fund shifted toward defensive and quality-focused sectors, emphasizing selective positioning amid heightened volatility.
Tronox, a vertically integrated mining and TiO2 pigment manufacturer, was among the fund’s top holdings, helping mitigate losses in a quarter where growth stocks declined.