Voya CBRE Global Infrastructure Fund - Class A

Class A: VCRAX
Class C: VCRCX
Class I: VCRIX
Class W: VCGWX
For more information call 1 (800) 334-3444
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Voya CBRE Global Infrastructure Fund

The Fund Seeks to Provide Total Return Including Capital Appreciation and Current Income

Daily Prices

as of January 22, 2020

Net Asset Value (NAV)$12.26
% Change+0.08
$ Change+0.01
YTD Return2.94%

The Voya CBRE Global Infrastructure Fund Offers

Nimble approach

Selection driven and risk-conscious, seeking to avoid over concentration while remaining capable of quickly adjusting to evolving markets

Seeks attractive current income and long-term performance

Global listed infrastructure dividend yields have been attractive relative to other asset classes and are a significant component of historical total return

Seeks to protect against inflation

Contractual or regulated revenue streams which may provide an inflation hedge

Product Facts

Ticker SymbolVCRAX
Inception DateOctober 16, 2013
Dividends PaidQuarterly
Min. Initial Investment$1,000.00

About this Product

  • Globally diversified portfolio of listed infrastructure companies
  • A high-conviction active management approach, which seeks to add value through a disciplined risk-conscious investment process
  • Preference for owners and operators of essential infrastructure assets with historically stable demand and low volatility of cash flows
  • Potential for inflation protection and attractive risk-adjusted returns

Investment Objective

The Fund seeks to provide total return including capital appreciation and current income.

My Representatives

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Average Annual Total Returns %

As of December 31, 2019

As of December 31, 2019

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRInceptionExpense Ratios
Net Asset Value+28.04+28.04+12.74+8.30+9.661.83%1.35%
With Sales Charge+20.69+20.69+10.52+7.02+8.62
Net Asset Value+28.04+28.04+12.74+8.30+9.661.83%1.35%
With Sales Charge+20.69+20.69+10.52+7.02+8.62

Inception Date - Class A:October 16, 2013

Current Maximum Sales Charge: 5.75%

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.


As of December 31, 2019

SEC 30-Day Yield (Unsubsidized)
SEC 30-Day Yield (Unsubsidized):

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 Yield (Subsidized)
SEC 30-Day Yield (Subsidized):

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 @ NAV
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
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.


Returns Based Statistics

As of December 31, 2019

3 Year5 Year10 Year
Standard Deviation
Standard Deviation:

A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.


The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index.


The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification.


A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta.

Sharpe Ratio
Sharpe Ratio:

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 portfolio's historical risk-adjusted performance.

Information Ratio
Information Ratio:

The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns.


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.


Portfolio Statistics

As of December 31, 2019

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 December 31, 2019

Vinci SA4.75
American Electric Power Co., Inc.4.44
Crown Castle International Corp.4.15
Cheniere Energy, Inc.4.08
Enbridge, Inc.4.06
Enel S.p.A.3.45
Atlas Arteria Ltd.3.44
FirstEnergy Corp.3.29
Atmos Energy Corp.3.13
National Grid PLC3.01

Portfolio Composition

as of December 31, 2019

Short Terms1.10

Sector Weightings

% of Total Investments as of December 31, 2019


Top Country Weightings

% of Total Investments as of December 31, 2019

United States49.63
United Kingdom3.01

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


Morningstar™ Ratings

As of December 31, 2019

Overall3 Year5 Year10 Year
85 Funds85 Funds65 FundsN/A

Category: Infrastructure


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.

Income Dividend12/31/201901/02/201912/30/2019$0.052500
Short-Term Capital Gain12/16/201912/17/201912/13/2019$0.092100
Long-Term Capital Gain12/16/201912/17/201912/13/2019$0.194900
Income Dividend10/01/201910/02/201909/30/2019$0.045500
Income Dividend07/01/201907/02/201906/28/2019$0.052700
Income Dividend04/01/201904/02/201903/29/2019$0.045400
Income Dividend12/31/201801/02/201912/28/2018$0.029700
Totals: $0.512800

Investment Team

View Fund Adviser/Sub Adviser

Portfolio Management Team

CBRE Clarion Securities, LLC

Investment Sub-Adviser

CBRE Clarion Securities is an industry-leading global investment management firm specializing in the management of listed real asset securities including real estate, infrastructure, and master limited partnerships (MLPs). CBRE Clarion manages client portfolios with a focus on generating attractive risk-adjusted returns through a total return, income focused, and absolute return-oriented strategies. Headquartered near Philadelphia, Pennsylvania, the firm has over 90 employees located in offices in the United States, United Kingdom, Hong Kong, Japan, and Australia.

Jeremy Anagnos, CFA

Mr. Anagnos is CBRE Clarion’s chief investment officer of infrastructure and is head of the firm’s global infrastructure allocation committee. Prior to joining CBRE Clarion in 2011, Mr. Anagnos served as co-Chief investment officer of CBRE Investors’ real estate securities investment team. During his career, Mr. Anagnos has worked in various management and research positions with LaSalle Investment Management and Deutsche Bank. Mr. Anagnos has over 20 years of industry investment experience.
T. Ritson Ferguson

T. Ritson Ferguson, CFA

Mr. Ferguson is CEO of CBRE Global Investors and CEO of its equity securities management subsidiary, CBRE Clarion Securities. He is also the firm’s global chief investment officer. He is a senior portfolio manager and a member of the CBRE Clarion Global Investment Policy Committee. Mr. Ferguson was one of the founding principals who formed the predecessor entity to CBRE Clarion Securities. Earlier in his real estate career, he worked at K.S. Sweet Associates and Trammell Crow Company. He was also a consultant at Bain & Company and a captain in the U.S. Air Force. Mr. Ferguson has over 30 years of industry investment experience.


Principal Risks

Mutual fund investing involves risk, including possible loss of principal. Portfolios concentrated in infrastructure securities and Master Limited Partnerships (“MLPs”) may experience price volatility and other risks associated with non-diversification. Investment in infrastructure-related companies may be subject to high interest costs in connection with capital construction programs, costs associated with environmental and other regulations, the effects of economic slowdown and surplus capacity, the effects of energy conservation policies, governmental regulation and other factors. MLPs often own interests related to the oil and gas industries or other natural resources, but may finance other projects. As such, MLPs will be negatively impacted by economic events adversely impacting that industry. Investments in MLPs may offer fewer legal protections than investments in corporations, and limited voting rights. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors, as well as increased volatility and lower trading volume. Other risks of the Fund include but are not limited to: Company; Convertible Securities; Currency; Derivative Instruments; Investment Model; Liquidity; Market; Market Capitalization; Other Investment Companies; and Securities Lending risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.

The Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.  ©2019 Refinitiv.  All rights reserved.  Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.