Voya Natural Resources Equity Income Fund

Class A: IRR
For more information call 1 (800) 334-3444
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Voya Natural Resources 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 December 12, 2018

Net Asset Value (NAV)$5.02
Closing Price$4.85
Price Change+0.05
Premium/(Discount)-3.39

Product Facts

Ticker SymbolIRR
CUSIP92913C106
Inception DateOctober 24, 2006
Dividends PaidQuarterly

About this Product

  • Invests in equity securities of companies that are primarily engaged in the energy, natural resources and basic materials industries
  • The equity portfolio will generally hold approximately 60-100 equity securities and is actively managed using proprietary stock selection screens and fundamental input from sector analysts
  • Fund's option strategy will consist of selling (writing) call options generally on 30-80% of the total value of the Fund's portfolio

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.

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

Portfolio Manager

Managed Fund since 2014

More Info
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

Portfolio Manager

Managed Fund since 2014

More Info
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.
Paul Zemsky

Paul Zemsky, CFA

Portfolio Manager

Managed Fund since 2015

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.
Steven Wetter

Steven Wetter

Portfolio Manager

Managed Fund since 2015

More Info
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.

My Representatives

Broker/Dealer Services

1-800-334-3444

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Performance

Average Annual Total Returns %

As of November 30, 2018

As of September 30, 2018

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
GrossNet
Net Asset Value-13.35-9.43+0.03-4.58-0.951.22%1.22%
Market Price-14.07-11.14+3.90-2.57+1.58
Net Asset Value+1.21+7.00+8.35-1.06+0.961.22%1.22%
Market Price+7.80+7.43+14.58+2.33+3.59

Inception Date - Class A:October 24, 2006

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 November 30, 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.

$117.5
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

82
Outstanding Shares22,678,167
Total

Top Holdings

% of Total Investments as of November 30, 2018

Chevron Corp.8.78
Exxon Mobil Corp.7.55
ConocoPhillips5.12
EOG Resources, Inc.4.36
Occidental Petroleum Corp.4.03
Suncor Energy, Inc.3.92
Marathon Petroleum Corp.3.36
Schlumberger Ltd.3.24
Phillips 663.14
Valero Energy Corp.2.68
Total#,###.2

Portfolio Composition

as of November 30, 2018

Stocks99.19
Short Terms0.81
Total#,###.2

Sector Weightings

% of Total Investments as of November 30, 2018

Oil & Gas Exploration & Production26.35
Integrated Oil & Gas24.47
Oil & Gas Refining & Marketing11.96
Oil & Gas Storage & Transportation10.15
Oil & Gas Equipment & Services9.10
Gold4.42
Paper Packaging3.32
Metal & Glass Containers2.65
Construction Materials1.76
Forest Products1.35
Total#,###.2

Top Country Weightings

% of Total Investments as of November 30, 2018

United States82.60
Canada15.37
United Kingdom1.22
Total#,###.2

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

Distributions

Distributions

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
Distributions*10/01/201810/15/201810/02/2018$0.000000$0.000000$0.000000$0.000000$0.162000
Distributions07/02/201807/16/201807/03/2018$0.015000$0.000000$0.000000$0.147000$0.162000*
Distributions04/02/201804/16/201804/03/2018$0.017000$0.000000$0.000000$0.145000$0.162000*
Distributions12/28/201701/16/201812/29/2017$0.017000$0.000000$0.000000$0.145000$0.162000*
Totals: $0.648000

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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 accompany an investment in equity securities of domestic and foreign companies, and small- and mid-sized capitalized companies. International investing poses 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

Effective on March 21, 2014, the Fund no longer employs an options “collar” strategy. Effective on April 1, 2014, the Fund’s option strategy consists of selling (writing) call options to secure gains and generate premiums over a market cycle, generally on 30-80% of the total value of the Fund’s portfolio. 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 are 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. 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 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 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, Industry Concentration Risk, Supply and Demand Risk, Depletion and Exploration Risk, Regulatory Risk, Commodity Pricing Risk, Options Related Risk, Restricted and Illiquid Securities Risk, Equity Risk, Foreign Investment and Emerging Markets Risk, Foreign (non-US) Currency Risk, Small-Cap and Mid-Cap Companies Risk, Canadian Royalty Trust Risk, MLP Risk, Derivatives Risk, Short Sales Risk, Distribution Risk, Tax Risk, Portfolio Turnover Risk, Depository Receipts Risk, Securities Lending Risk, Non-Diversification Risk, Market Disruption and Geo-Political Risk, Dividend Risk, and Defensive Strategies Risk. These and other risks are described more fully in the Fund’s most current annual or semi-annual report. Consider the Fund’s investment objective, risks, and charges and expenses carefully before investing.