Voya CBRE Global Infrastructure Fund - Class A

Class A: VCRAX
Class I: VCRIX
For more information call 1 (800) 334-3444
Teal background
Voya CBRE Global Infrastructure Fund

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

Daily Prices

as of December 14, 2018

Net Asset Value (NAV)$10.13
% Change-2.31
$ Change-0.24
YTD Return-2.81%

Global Listed Infrastructure as Part of a Mixed-Asset Portfolio

Product Facts

Ticker SymbolVCRAX
CUSIP92914A554
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.

Management Team

View Fund Advisor/Sub Advisor

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

Portfolio Manager

Managed Fund since 2013

More Info
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

Portfolio Manager

Managed Fund since 2013

More Info
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.

My Representatives

Broker/Dealer Services

1-800-334-3444

Contact Us

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 YRInceptionExpense Ratios
GrossNet
Net Asset Value-1.80-2.34+8.58+7.42+7.642.19%1.35%
With Sales Charge-7.47-7.93+6.45+6.15+6.39
Net Asset Value-1.45+1.46+9.85+7.982.19%1.35%
With Sales Charge-7.14-4.37+7.69+6.69
Hybrid Benchmark Index-0.39-1.73+8.86+6.84+6.62
Hybrid Benchmark Index-1.43+0.27+8.89+6.62

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.

Yields

As of November 30, 2018

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.

1.59
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).

1.89
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.

2.35
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.

2.21

Returns Based Statistics

As of November 30, 2018

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.

9.159.81
Beta
Beta:

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.

0.971.02
R2
R2:

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.

88.2990.05
Alpha
Alpha:

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.

-0.010.48
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.

0.850.72
Tracking Error
Tracking Error:

A measure of how closely the returns of a portfolio tend to follow the returns of the index to which it is benchmarked; specifically, the variability of excess returns around the average.

3.153.10
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.

-0.090.19

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.

Growth of a $10,000 Investment

For the period 10/16/2013 through 11/30/2018

Ending Value: $14,582.00

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.

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.

$80.3
Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

47
Total

Top Holdings

% of Total Investments as of November 30, 2018

Crown Castle International Corp.4.53
Dominion Energy, Inc.4.39
Williams Cos., Inc.4.13
American Electric Power Co., Inc.4.12
Enbridge, Inc.4.01
Sydney Airport3.92
Ferrovial SA3.92
Pembina Pipeline Corp.3.68
Cheniere Energy, Inc.3.61
Union Pacific Corp.3.61
Total#,###.2

Portfolio Composition

as of November 30, 2018

Stocks98.83
Short Terms1.17
Total#,###.2

Sector Weightings

% of Total Investments as of November 30, 2018

MIDSTREAM/PIPELINES18.44
INTEGRATED ELECTRIC17.64
REGULATED ELECTRIC14.04
RAIL10.56
TOLL ROADS10.17
AIRPORTS10.11
TOWERS7.03
GAS DISTRIBUTION4.53
WATER3.62
DATA CENTERS2.60
FIBER0.67
RENEWABLE ENERGY0.60
Total#,###.2

Top Country Weightings

% of Total Investments as of November 30, 2018

United States51.05
Canada13.23
Spain9.88
Australia8.28
France3.96
United Kingdom3.44
Japan2.53
Mexico2.07
Italy2.02
Germany1.63
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.

Amount
Long-Term Capital Gain12/14/201812/17/201812/13/2018$0.162700
Income Dividend10/01/201810/02/201809/28/2018$0.053800
Income Dividend07/02/201807/03/201806/29/2018$0.078300
Income Dividend04/02/201804/03/201803/29/2018$0.042200
Income Dividend12/15/201712/18/201712/14/2017$0.088100
Short-Term Capital Gain12/15/201712/18/201712/14/2017$0.268100
Long-Term Capital Gain12/15/201712/18/201712/14/2017$0.518600
Totals: $1.211800

Ratings

Morningstar™ Ratings

As of November 30, 2018

Overall3 Year5 Year10 Year
72 Funds72 Funds55 FundsN/A

Category: Fund Infrastructure

Disclosures

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.