Voya Infrastructure, Industrials and Materials Fund

Class A: IDE
For more information call 1 (800) 334-3444
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Voya Infrastructure, Industrials and Materials Fund

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

Daily Prices

as of August 16, 2018

Net Asset Value (NAV)$15.16
Closing Price$14.79
Price Change+0.12
Premium/(Discount)-2.44

Product Facts

Ticker SymbolIDE
CUSIP92912X101
Inception DateJanuary 26, 2010
Dividends PaidQuarterly

About this Product

  • 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 50-100 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.

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.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169. As of December 31, 2016, Voya IM managed approximately $86.4 billion in assets.
Vincent Costa

Vincent Costa, CFA

Managed Fund since

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Vincent Costa is head of the value and global quantitative equities teams and also serves as a portfolio manager for the active quantitative and fundamental large cap value strategies. Vinnie joined Voya Investment Management (Voya IM) in April 2006 as head of portfolio management for quantitative equity. Prior to joining Voya IM, he managed quantitative equity investments at both Merrill Lynch Investment Management and Bankers Trust Company. He earned a BS in quantitative business analysis from Pennsylvania State University and an MBA in finance from the New York University Stern School of Business, and holds the Chartered Financial Analyst® designation.
Peg DiOrio

Peg DiOrio, CFA

Managed Fund since

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Peg DiOrio is the head of quantitative equities at Voya Investment Management and serves as a portfolio manager for the research enhanced index natural resources strategy. Prior to joining the firm, she was a quantitative analyst with Alliance Bernstein/Sanford C. Bernstein for sixteen years where she was responsible for multivariate and time series analysis for low volatility strategies, global equities, REITs and options. Previously she was a senior investment planning analyst with Sanford C. Bernstein. Peg received an MS in Applied Mathematics, Statistics and Operations Research from the Courant Institute of Mathematical Sciences, NYU and a BS from SUNY Stony Brook. She holds the Chartered Financial Analyst® designation. She formerly served as president of the Society of Quantitative Analysts and continues to serve on the board of directors.
Steven Wetter

Steven Wetter

Managed Fund since

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Steven Wetter is a portfolio manager on the global quantitative equity team at Voya Investment Management responsible for the index, research enhanced index and smart beta strategies. Prior to joining the firm, he served as Co-Head of International Indexing responsible for managing ETFs, index funds and quantitative portfolios at BNY Mellon, and formerly held similar positions at Northern Trust and Bankers Trust. Steve earned a BA from the University of California at Berkeley, and an MBA in finance (with distinction) from New York University Stern School of Business.
Paul Zemsky

Paul Zemsky, CFA

Portfolio Manager

Managed Fund since 2010

More Info
Paul Zemsky is the chief investment officer and founder of the Multi-Asset Strategies and Solutions Team (MASS) at Voya Investment Management. He is responsible for the firm’s suite of value-added, customized and off-the-shelf products and solutions that are supported by the team’s asset allocation, manager research, quantitative research, portfolio implementation and multi-manager capabilities. Prior to joining the firm, he co-founded CaliberOne Private Funds Management, a macro hedge fund. Paul began his career at JPMorgan Investment Management, where he held a number of key positions, including head of investments for over $300 Billion of Fixed Income assets. Paul is a member of the firm’s Management Committee and a board member of Pomona Capital. He holds a dual degree in finance and electrical engineering from the Management and Technology Program at the University of Pennsylvania and holds the Chartered Financial Analyst® designation.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

Performance

Average Annual Total Returns %

As of July 31, 2018

As of June 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
GrossNet
Net Asset Value-2.72+3.70+9.02+7.05+7.431.21%1.21%
Market Price-7.87+3.77+12.56+7.19+6.30
Net Asset Value-6.00+2.70+7.70+7.28+7.071.21%1.21%
Market Price-5.95+6.91+12.41+7.71+6.63

Inception Date - Class A:January 26, 2010

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

Portfolio Statistics

As of July 31, 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.

$300.2
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

116
Outstanding Shares19,278,679
Total

Top Holdings

% of Total Investments as of July 31, 2018

Cisco Systems, Inc.2.68
Honeywell International, Inc.2.13
BASF SE1.73
Lockheed Martin Corp.1.62
NextEra Energy, Inc.1.58
Air Liquide SA1.50
Waste Management, Inc.1.44
Eaton Corp. PLC1.43
General Dynamics Corp.1.40
Shin-Etsu Chemical Co., Ltd.1.40
Total#,###.2

Portfolio Composition

as of July 31, 2018

Stocks98.60
Other0.98
Short Terms0.42
Total#,###.2

Sector Weightings

% of Total Investments as of July 31, 2018

Integrated Telecommunication Services9.15
Electric Utilities6.23
Industrial Conglomerates5.42
Aerospace & Defense5.41
Specialty Chemicals5.12
Construction & Engineering4.22
Multi-Utilities4.04
Electrical Components & Equipment4.01
Diversified Chemicals3.89
Trading Companies & Distributors3.81
Total#,###.2

Top Country Weightings

% of Total Investments as of July 31, 2018

United States44.54
Japan13.20
United Kingdom6.79
Germany6.10
France5.31
China3.65
Australia2.89
Canada2.81
South Korea2.66
Sweden2.11
Total#,###.2

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

Distributions

Distributions: Last 12 Months

Payment Frequency: Quarterly

Ex-Date
Ex-Date:

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
Distributions07/02/201807/16/201807/03/2018$0.079000$0.010000$0.201000$0.000000$0.290000*
Distributions04/02/201804/16/201804/03/2018$0.046000$0.000000$0.082000$0.162000$0.290000*
Distributions12/28/201701/16/201812/29/2017$0.003000$0.000000$0.287000$0.000000$0.290000*
Distributions10/03/201710/16/201710/04/2017$0.049000$0.000000$0.241000$0.000000$0.290000*
Totals: $1.160000

Ratings

Morningstar™ Ratings

As of August 17, 2018

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

Press Releases

Disclosures

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.