Investment Management

Voya Emerging Markets High Dividend Equity Fund

Fund Description

Overview

  • Invests primarily in a portfolio of 60-120 dividend producing equity securities of issuers located in emerging markets
  • Sells call options on selected ETFs and/or international, regional or country indices of equity securities, and/or on equity securities, with the underlying value of such calls representing 15% to 50% of total value of the Fund’s 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 08/18/2017

Net Asset Value (NAV) $9.67
Closing Price $9.20
Price Change +0.04
Premium/(Discount) -4.86

Fund Facts

Ticker Symbol IHD
CUSIP 92912P108
Inception Date Apr 26, 2011
Dividends Paid Quarterly

Management Team

Manu Vandenbulck

Portfolio Manager

Managed Fund since 2011

Robert Davis

Portfolio Manager

Managed Fund since 2012

Nicolas Simar

Portfolio Manager

Managed Fund since 2011

Willem van Dommelen

Investment Manager

Managed Fund since 2011

 

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 (04/26/11) Gross Net 1, 2, 3
Net Asset Value +18.14 +21.31 +0.04 +3.14 -0.37 1.43% 1.43%
Market Price +30.71 +32.51 +0.99 +2.51 -1.73
Net Asset Value +14.13 +24.04 -0.93 +2.53 -0.94 1.43% 1.43%
Market Price +20.44 +32.52 -1.54 +0.45 -3.05

Inception Date - Class A: 04/26/11

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

The Fund may purchase put and call options and may write (sell) put options and call options and is subject to Options Risk. 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 an 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: Market Discount Risk, Investment and Market Risk, Emerging Markets and Foreign Investment Risk, Securities Market Risk, Industry Focused Risk, Geographic Focused Risk, Call Option Strategy Risk, Equity Risk, Dividend Producing Equity Securities Risk, Small-Cap and Mid-Cap Companies Risk, Derivatives Risk, Derivatives Regulation Risk, Distribution Risk, Tax Risk, Foreign Taxes, Management Risk, Market Disruption and Geopolitical Risk, Common Stock Risk, Illiquid Securities Risk, Current Capital Markets Environment Risk, Debt Securities Risk, Economic Risk, Entities with No or Poor Credit Ratings Risk, Financial Market Risk, Foreign (Non-U.S.) Currency Risk, Inflation Risk, International Sanctions Risk, Exchange-Traded Funds Risk, Interest Rate Risk, Investment and Repatriation Restrictions Risk, Issuer Risk, Portfolio Turnover Risk, , Risk of Investing in Other Investment Companies Risk, IPOs Risk, Depositary Receipts Risk, No Temporary Defensive Positions Risk, Securities Lending Risk and Short Sales Risk, Dividend 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, risks, and charges and expenses carefully before investing.

 

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