Investment Management

Voya Infrastructure, Industrials and Materials Fund

Fund Description

Overview

  • Invests primarily in companies in the infrastructure, industrials and materials sectors that will potentially benefit from the building, renovation, expansion and utilization of infrastructure
  • Seeks to build a diversified portfolio of 60-100 equity securities of companies that may potentially benefit from spending in six areas: power, construction, materials, communications, transportation and water
  • Sells call options on exchange traded funds (“ETFs”). The underlying value of such calls will generally represent 15% to 50% of the total underlying value of the portfolio.

Investment Objective

The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation.

Daily Prices as of 08/16/2017

Net Asset Value (NAV) $16.09
Price Change +0.09
Premium/(Discount)

Fund Facts

Ticker Symbol IDE
CUSIP 92912X101
Inception Date Jan 26, 2010
Dividends Paid Quarterly

Management Team

Martin Jansen

Portfolio Manager

Managed Fund since 2010

Brian Madonick

Portfolio Manager

Managed Fund since 2010

Paul Zemsky, CFA

Portfolio Manager

Managed Fund since 2010

Joseph Vultaggio

Portfolio Manager

Managed Fund since 2010

Jody Hrazanek

Portfolio Manager

Managed Fund since 2015

 

More Info

Average Annual Total Returns %

  As of Jul 31, 2017 As of Jun 30, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Inception (01/26/10) Gross Net 1, 2, 3
Net Asset Value +14.00 +23.03 +5.68 +9.00 +7.94 1.22% 1.22%
Market Price +23.97 +36.43 +5.04 +7.94 +6.64
Net Asset Value +11.22 +24.24 +3.71 +8.55 +7.67 1.22% 1.22%
Market Price +22.83 +39.59 +4.91 +9.48 +6.59

Inception Date - Class A: 01/26/10

View Detailed Performance

1The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment. Please see the Fund's prospectus for more information.

2The expense limit will continue through at least March 1, 2018. The Fund is operating under the contractual expense limit.    

3Total investment return at market value measures the change in the market value of your investment assuming reinvestment of dividends and capital gain distributions, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market value is not annualized for periods less than one year.

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above “Average Annual Total Returns %” for performance information current to the most recent month-end. Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.

Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.

 

Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Price volatility, liquidity, and other risks that accompany an investment in equity securities of domestic and foreign companies, and small and mid sized capitalized companies. International investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified for investments in emerging markets.

Options Risk

Under normal market conditions, the Fund seeks to manage risk by employing an integrated options collar strategy. The Fund’s collar strategy includes: employing put spreads by purchasing and selling put options and writing call options on energy and materials indices (“Resource Indices”) and/or ETFs, correlated with the Fund’s portfolio, or securities held in the Fund’s. The Fund will realize a gain or loss upon the expiration or closing of the option contract. When an option is exercised, the proceeds on sales of the underlying security for a written call option or purchased put option or the purchase cost of the security for a written put option or a purchased call option is adjusted by the amount of premium received or paid. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. The risk in buying an option is that the Fund pays a premium whether or not the option is exercised. Risks may also arise from an illiquid secondary market or from the inability of counterparties to meet the terms of the contract. A decision as to whether, when and how to buy or sell options under the Fund’s strategy involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful to some degree because of market behavior or unexpected events. When a option purchased or sold by the Fund is exercised or closed out, the Fund may be required to sell portfolio securities or to deliver portfolio securities to the option purchaser to satisfy its obligations when it would not otherwise choose to do so, or the Fund may choose to sell portfolio securities to realize gains to offset the losses realized upon option exercise. Such sales or delivery would involve transaction costs borne by the Fund and may also result in realization of taxable capital gains, including short-term capital gains taxed at ordinary income tax rates, and may adversely impact the Fund’s after-tax returns.

This Fund has additional risks which you should consider, such as: Infrastructure-Related Investment Risk, Industrials Sector Risk, Materials Sector Risk, Foreign Investment and Emerging Markets Risk, Equity Risk, Small-Cap and Mid-Cap Companies Risk, Investment and Market Risk, Derivatives Risk, Interest Rate Risk, Illiquid Securities Risk, Distribution Risk, Tax Risk, Foreign (non-U.S.) Currency Risk, Portfolio Turnover Risk, Management Risk, Initial Public Offering Risk, Depositary Receipts Risk, Securities Lending Risk, Market Disruption and Geopolitical Risk, Current Capital Markets Environment Risk, Anti-Takeover Provisions, No Temporary Defensive Positions Risk, Sub-Custody Risk, Short Sales Risk, Preferred Stock Risk, Convertible Securities Risk, High-Yield Lower-Grade Debt Securities Risk and Leverage Risk. These and other risks are described more fully in the Fund’s prospectus and the most current annual or semi-annual report. The prospectus should be read carefully before investing. Consider the Fund’s investment objective, risk, and charges and expenses carefully before investing.

 

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