Voya Corporate Leaders Trust Fund Series B
- Created in 1935 with an equal number of common stock shares of the 30 leading U.S. companies at the time; currently invested in a total of 22 leading U.S. corporations
- New stocks can’t be purchased, so holdings have changed only due to spin-offs or mergers since Fund inception
- The Fund is a passively managed grantor trust registered with the SEC as a unit investment trust
The Fund seeks long-term capital growth and income through investment generally in a uniform number of shares of common stock of a fixed list of American blue-chip corporations.
Daily Prices as of 12/18/2014
|Net Asset Value (NAV)||$33.26|
|Inception Date||Nov 18, 1935|
|Min. Initial Investment||$1,000.00|
The Voya Corporate Leaders Trust Fund is a passively managed grantor trust. The Fund is registered with the SEC as a unit investment trust.
Average Annual Total Returns %
|As of Nov 30, 2014 As of Sep 30, 2014||As of Nov 30, 2014 As of Sep 30, 2014|
|YTD||1 YR||3 YR||5 YR||10 YR||Inception (11/18/35)||Gross Exp.||Net Exp.|
|Net Asset Value||+9.56||+14.02||+18.19||+16.60||+10.01||—||0.52%||0.52%|
|With Sales Charge||+9.56||+14.02||+18.19||+16.60||+10.01||—|
|Net Asset Value||+6.84||+17.79||+22.44||+17.79||+10.45||—||0.52%||0.52%|
|With Sales Charge||+6.84||+17.79||+22.44||+17.79||+10.45||—|
|S&P 500 Index||+8.34||+19.73||+22.99||+15.70||+8.11||—||—||—|
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.
1 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.
2 Total investment return at market share price measures the change in the market value of your investment assuming reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market share price is not annualized for periods less than one year. Closed-end funds like the Fund do not continuously offer shares for sale and are not required to buy shares back from investors upon request. Shares of closed-end funds trade on national stock exchanges. Therefore, share prices are not directly affected by Fund operating expenses or fees which ordinarily have the effect of lowering total return.
S&P 500 Index
The Standard and Poor's 500 Index is an unmanaged capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Investing in funds that are concentrated in a smaller number of holdings poses greater risk than funds with a larger number of holdings because each investment has a greater effect on the Fund's performance. The value of a participation fluctuates with the market value of the underlying portfolio securities of the Trust. The dividend income, if any, from the portfolio securities is subject to fluctuation which in turn will affect the amounts of distributions made to participants. An investor in the Trust has no assurance against loss in a declining market, and redemption at a time when the market value of the participations is less than their cost will result in a loss to the investor.
Taxation: For Federal income tax purposes, (1) the Trust will be treated as a fixed investment trust and will not be subject to Federal income tax, (2) each participant will be treated as the owner of his pro rata portion of the common stock of the corporations held by the Trust, (3) each participant will be required to include in his gross income his pro rata portion of the dividends and interest received by the Trust (including the amounts of such dividends and interest that are not distributed to participants but are used to pay the fees and expenses of the Trust), at the time such dividends and interest are received by the Trust, not at the later time such dividends and interests are distributed to participants or reinvested in additional participations, and (4) each individual participant who itemizes deductions may deduct his pro rata portion of the fees and expenses of the Trust only to the extent such amount, together with his other miscellaneous itemized deductions, exceeds 2% of his adjusted gross income. Please see the prospectus for further information.