Investment Management

Voya Corporate Leaders® Trust Fund Series B

Fund Description

Overview

  • 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

Investment Objective

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 02/23/2018

Net Asset Value (NAV) $37.07
% Change +1.34
$ Change +0.49
Public Offering Price (POP) $37.07
YTD Return -1.80%

Fund Facts

Ticker Symbol LEXCX
CUSIP 92912M105
Inception Date Nov 18, 1935
Dividends Paid Semi-Annually
Min. Initial Investment $1,000.00

Management Team

The Voya Corporate Leaders Trust Fund is a passively managed grantor trust. The Fund is registered with the SEC as a unit investment trust.
 

Portfolio Statistics as of 01/31/2018

Net Assets millions $941.4
Number of Holdings 20
P/E next 12 months 18.06
P/B trailing 12 months 3.22
Weighted Average Market Cap millions $191,359.0
EPS Growth (3-5 Year Estimate) 13.75
Active Share 90.42
PEG Ratio 1.49
Price to Cash Flow 13.98
ROA % 8.37
nModifiedDurationToWorst Modified Duration to Worst - is a mathematically adjusted form of Macaulay Duration measuring the sensitivity of a bond's price to small, instantaneous changes in yield. This calculates the rate sensitivity of a security assuming that cash flows do not change as interest rates change.
nWtdAvgMarketCapWilshire Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock.
nEndingActiveShare Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index.
nPriceToCashFlow The ratio of a stock’s price to its cash flow per share. The price-to-cash flow ratio is an indicator of a stock’s valuation
nROA ROA is an indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings.
nPEG PEG Ratio
nPriceToEarningsWilshire P/E (next 12 months) calculates the price of a stock divided by its earnings per share.
nEPSGrowth The portion of a company's profit allocated to each outstanding share of common stock. EPS growth serves as an indicator of a company's profitability.
nDividendYield A financial ratio that shows how much a company pays out in dividends relative to its share price
nPriceToBookWilshire Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value.
nHoldings Number of Holdings in the investment
nNetAssets The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.
nAlpha Measures the difference between a fund's actual return and its level of risk as measured by beta. An alpha of 0.5 implies the fund performed 0.5% better than the market would predict. The figure is calculated on a three-year basis relative to the benchmark.
nR2 The way in which a percentage of a portfolio's total returns represents the portfolio's beta measure.
nBeta3Year Measures the Fund's volatility relative to the overall market. A beta above 1 is more volatile than the overall market, while a beta below 1 is less volatile.
nSharpeRatio A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe Ratio, the better the fund's historical risk-adjusted performance.
nStandardDeviation3Year A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.
nMedianMktCap Market Cap is the value of a corporation as determined by the market price of its issued and outstanding common stock.
nWeightedAvgMaturityDays The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.
nWeightedAvgMaturityYears The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.
nWeightedAvgLife The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.
nPriceToEarnings P/E is the price of a stock divided by its earnings per share.
nPriceToBook P/BV is the ratio of a stock's price to its Book Value.
nExpenseRatio Operating costs, including management fees, expressed as a percentage of the fund's average net assets for a given time period.
nMktWeightedAvgCoupon The interest rate on a fixed income security, determined upon issuance, and expressed as a percentage of par.
nPriceToFFORealEstate Price to Funds From Operations (P/FFO), the REIT equivalent of a security’s Price to Earnings ratio (P/E), is used to measure operating performance which encompasses a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation.
nWeightedAvgResetDays Reset is the number of days that the current interest rate contract is in effect.

Portfolio Composition as of 01/31/2018

Stocks 100.00
Total: 100.00%

Top Holdings % of Total Investments as of 01/31/2018

Union Pacific Corp. 23.28
Berkshire Hathaway, Inc. 13.37
Exxon Mobil Corp. 10.31
Praxair, Inc. 7.83
DowDuPont, Inc. 7.00
Marathon Petroleum Corp. 6.67
Chevron Corp. 5.97
Honeywell International, Inc. 4.78
Procter & Gamble Co. 4.10
Comcast Corp. 2.97
Total: 86.26%

Sector Weightings % of Total Investments as of 01/31/2018

Industrials 31.59
Energy 23.87
Materials 14.83
Financials 13.37
Consumer Discretionary 6.14
Utilities 5.57
Consumer Staples 4.10
Telecommunication Services 0.55
Total: 100.00%
Sources Include: Voya Investment Management, Wilshire, Morningstar
Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to change daily.

Growth of a $10,000 Investment

For the period 01/31/2008 through 01/31/2018

Ending Value: $23,642.00

The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.

Growth of a $10k Investment (Print Version Only)

Calendar Year Returns %

Past performance is no guarantee of future results. Returns are shown in %. These figures are for the year ended December 31 of each year. They do not reflect sales charges and would be lower if they did. The bar chart above shows the Fund's annual returns and long-term performance, and illustrates the variability of the Fund’s returns.

Calendar Year Returns % (Print Version Only)

Yields as of 01/31/2018

SEC 30-Day Yield Class A (Unsubsidized) 1.63
SEC 30-Day Yield Class A (Subsidized) 1.63
Distribution Yield @ NAV 1.75
Distribution Yield @ MOP 1.75
SEC 30-Day Unsubsidized Yield (%) – A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. SEC 30-Day Subsidized Yield (%) – A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements). Distribution Yield (Daily or Monthly Distributing Funds) - Calculated using the income dividends paid by the Fund over the past month, annualized, and divided by the net asset value per share, adjusted for any capital gain distributions made in the previous month, at the end of the period. Distribution Yield (Quarterly or Annual Distributing Funds) - Calculated using the income dividends paid by the Fund over the past 12 months, and divided by the net asset value per share, adjusted for any capital gain distributions made in the previous 12 months, at the end of the period. Distribution Yield @ NAV - Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value. Distribution Yield @ MOP - Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price.

Average Annual Total Returns %

  As of Jan 31, 2018 As of Dec 31, 2017 Expense Ratios
  YTD 1 YR 3 YR 5 YR 10 YR Inception (11/18/35) Gross Net
Net Asset Value +2.36 +19.22 +9.53 +11.33 +8.99 0.53% 0.53%
With Sales Charge +2.36 +19.22 +9.53 +11.33 +8.99
S&P 500 Index +5.73 +26.41 +14.66 +15.91 +9.78
Net Asset Value +16.61 +16.61 +7.25 +12.11 +8.03 0.53% 0.53%
With Sales Charge +16.61 +16.61 +7.25 +12.11 +8.03
S&P 500 Index +21.83 +21.83 +11.41 +15.79 +8.50

Inception Date - Class A: 11/18/35

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.

Benchmark Disclosures

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.

Principal Risks

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.

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