Voya Asia Pacific High Dividend Equity Income Fund

Class A: IAE
For more information call 1 (800) 334-3444
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Voya Asia Pacific High Dividend Equity Income Fund

This Closed-end Fund seeks total return through a combination of current income, capital gains and capital appreciation.

Daily Prices

as of March 22, 2018

Net Asset Value (NAV)$11.54
Closing Price$10.36
Price Change-0.22

Fund Facts

Ticker SymbolIAE
Inception DateMarch 27, 2007
Dividends PaidQuarterly
Min. Initial Investment$2,500.00

About this Product

  • Invests primarily in a portfolio of 60–120 equity securities of Asia Pacific companies
  • Sells call options on selected Asia Pacific indices and/or equity securities and/or ETFs, with the underlying value of such calls representing 0% to 50% of the value of the Fund’s equity securities

Investment Objective

This Closed-End Fund seeks total return through a combination of current income, capital gains and capital appreciation.

Management Team

View Fund Advisor/Sub Advisor

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, LLC., serves as the investment adviser to each of the Funds. Voya Investments has overall responsibility for the management of the Funds. Voya Investments provides or oversees all investment advisory and portfolio management services for each Fund, and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Funds, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. The Investment Adviser may, from time to time, directly manage a portion of the Fund’s assets to seek to manage the Fund’s overall risk exposure to achieve the Fund’s desired risk/return profile and to effect the Fund’s investment strategies. The Investment Adviser may invest in futures and exchange-traded funds to implement its investment process.

NNIP Advisors B.V.

Investment Sub-Adviser

NNIP Advisors B.V. (“NNIP Advisors” or “Sub-Adviser”) is a Netherlands corporation organized in 1896 and became an investment advisory company in 1991. NNIP Advisors is registered with the SEC as an investment adviser. NNIP Advisors is a company organized to manage investments and provide investment advice to entities in Canada and United States. The principal address of NNIP Advisors is Schenkkade 65, 2595 AS, The Hague, The Netherlands. As of December 31, 2015, NNIP Advisors had approximately $6.7 billion in assets under management. NNIP Advisors operates under the collective management of NN Investment Partners which, as of December 31, 2015, had approximately $204.2 billion in assets under management.

Manu Vandenbulck

Portfolio Manager

Managed Fund since 2012

More Info
Manu Vandenbulck, Portfolio Manager, is lead Investment Manager of the Emerging Markets High Dividend Strategy. Mr. Vandenbulck co-manages the Europe High Dividend Strategy (focusing on the non-euro zone countries) and assist in managing the Euro High Dividend Strategy. He joined NNIP Advisors in 2001.

Robert Davis

Portfolio Manager

Managed Fund since 2012

More Info
Robert Davis, Portfolio Manager, is a Senior Portfolio Manager within the NNIP Advisors Equity Value Boutique focusing on the team’s Emerging Market High Dividend strategy since 2012. He joined NNIP Advisors in 2011 as a Senior Emerging Markets Telecom Analyst. Prior to that he was with a boutique broker, Bryan Garnier from 2007 to 2011.

Nicolas Simar

Portfolio Manager

Managed Fund since 2012

More Info
Nicolas Simar, Portfolio Manager, is Head of the Value team in the Equity investments department and is responsible for the value strategies. Mr. Simar also manages the Euro High Dividend strategy. He started his career at the Banque Bruxelles Lambert Asset Management in 1996 (NN Investment Partners) as an investment manager of fixed-income.

Willem van Dommelen

Investment Manager

Managed Fund since 2007

More Info
Willem van Dommelen is head of the investment managers’ team of the systematic beta column in the structured investment strategy department at NNIP Advisors B.V. Previously, Willem was a senior investment manager on the firms structured investments department, responsible for the management of a broad range of structured mutual funds and the advice and implementation of hedging activities for firm affiliates. Willem began his career as a portfolio manager at NN Investment Management, where he advised and serviced around 80 institutional clients. Willem obtained his master’s degree in economics from Tilburg University, specializing in accountancy and investment theory. He holds a RBA degree (registered investment analyst).

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Average Annual Total Returns %

As of February 28, 2018

As of December 31, 2017

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
Net Asset Value-0.68+13.60+6.10+3.76+3.771.35%1.35%
Market Price+0.76+17.28+6.00+1.75+3.84
Net Asset Value+26.09+26.09+7.56+4.21+2.901.35%1.35%
Market Price+29.89+29.89+7.13+1.82+3.29

Inception Date - Class A:March 27, 2007

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.


Portfolio Statistics

As of February 28, 2018

Net Assets millions
Net Assets:

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.

Number of Holdings
Number of Holdings:

Number of Holdings in the investment.


Top Holdings

% of Total Investments as of February 28, 2018

Alibaba Group Holding Ltd.3.19
China Construction Bank3.00
Samsung Electronics Co., Ltd.2.99
AIA Group Ltd.2.57
China Mobile Ltd.2.39
Rio Tinto Ltd.2.31
Taiwan Semiconductor Manufacturing Co., Ltd.2.23
Industrial & Commercial Bank of China1.96
PetroChina Co., Ltd.1.91
Shinhan Financial Group Co., Ltd.1.90

Portfolio Composition

as of February 28, 2018

Short Terms3.62

Sector Weightings

% of Total Investments as of February 28, 2018

Information Technology18.43
Consumer Staples7.94
Real Estate5.44
Consumer Discretionary4.19
Telecommunication Services3.52
Health Care2.47

Top Country Weightings

% of Total Investments as of February 28, 2018

South Korea14.48
Hong Kong6.28
New Zealand1.46

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.


Distributions: Last 12 Months

Payment Frequency: Quarterly


Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.

Payable Date
Payable Date:

Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date
Record Date:

Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.

Ordinary Dividends
Ordinary Dividends:

Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.

Short Term Capital Gains
Short Term Capital Gains:

The profit realized from the sale of securities held for less than one year.

Long Term Capital Gains
Long Term Capital Gains:

Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.

Return of Capital
Return of Capital:
Total Amount
Totals: $0.820000


Morningstar™ Ratings

As of March 23, 2018

No Morningstar™ Ratings are currently available for this share class.

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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, Foreign Investment and Emerging Markets Risk, Foreign (non-U.S.) Currency Risk, Asia Pacific Regional and Country Risk, Issuer Risk, Equity Risk, Distribution Risk, Tax Risk, Dividend Risk, Small-Cap and Mid-Cap Companies 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.