Voya Global Equity Dividend Fund
A global approach to seeking enhanced dividend yield.
Product Facts
| Ticker Symbol | IAGEX |
| CUSIP | 92913X308 |
| Inception Date | September 17, 2003 |
| Dividends Paid | Quarterly |
| Min. Initial Investment | $1,000.00 |
About this Product
- Primarily invests in securities of dividend-paying companies
- Uses a quantitative screening process in security selection incorporating yield, capitalization, liquidity and fundamentals
- Seeks to construct a portfolio with a dividend yield that exceeds that of the companies included in the MSCI World Index
- Quantitative screening process which utilizes the following criteria when selecting companies: an above average dividend yield and the stability and growth of the dividend yield; market capitalization above $1 billion; growth of the dividend over several years; and annual earnings growth over several years
Investment Objective
The Fund seeks growth of capital with dividend income as a secondary consideration.
Management Team
View Fund Advisor/Sub AdvisorPortfolio Management Team
Voya Investments, LLC
Investment Adviser
NNIP Advisors B.V.
Investment Sub-Adviser
Bruno Springael
Portfolio Manager
Managed Fund since 2011
More InfoPieter Schop
Portfolio Manager
Managed Fund since 2018
More InfoPerformance
Average Annual Total Returns %
As of November 30, 2018
As of September 30, 2018
| Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||
| Net Asset Value | -4.99 | -4.34 | +5.69 | +3.58 | +8.09 | 1.50% | 1.26% |
| With Sales Charge | -10.47 | -9.82 | +3.62 | +2.36 | +7.46 | ||
| Net Asset Value | +0.22 | +3.45 | +9.66 | +5.69 | +5.59 | 1.50% | 1.26% |
| With Sales Charge | -5.56 | -2.47 | +7.51 | +4.45 | +4.97 | ||
| MSCI World Index | -1.20 | +0.14 | +8.50 | +6.67 | +10.89 | — | — |
| MSCI World Index | +5.43 | +11.24 | +13.54 | +9.28 | +8.56 | — | — |
Inception Date - Class A:September 17, 2003
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.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, investment-related costs, leverage expenses, and extraordinary expenses and may be subject to possible recoupment. Please see the Fund's prospectus for more information. The expense limits will continue through at least 2019-03-01. Expenses are being waived to the contractual cap.
The MSCI World Index is an unmanaged free float-adjusted market capitalization index that is designed to measure global developed market equity performance. The Index does not reflect fees, brokerage commissions, taxes or other expenses of investing. Investors cannot invest directly in an index.
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. | 1.90 |
| 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). | 2.13 |
| 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. | 1.89 |
| 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. | 1.78 |
Returns Based Statistics
As of November 30, 2018
| 3 Year | 5 Year | 10 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. | 9.51 | 10.45 | 14.15 |
| 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. | 0.95 | 0.98 | 0.98 |
| 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. | 88.98 | 91.65 | 95.27 |
| 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. | -2.23 | -2.82 | -2.30 |
| 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. | 0.53 | 0.34 | 0.60 |
| 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. | 3.20 | 3.03 | 3.10 |
| 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. | -0.88 | -1.02 | -0.90 |
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 12/31/2008 through 11/30/2018
Ending Value: $21,784.00
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. | $64.9 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 73 |
| P/E next 12 months P/E: P/E (next 12 months) calculates the price of a stock divided by its earnings per share. | 14.52 |
| P/B trailing 12 months P/B: Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value. | 3.35 |
| Weighted Average Market Cap millions Weighted Average Market Cap: Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. | $146,505.0 |
| EPS Growth (3-5 Year Estimate) EPS Growth (3-5 Year Estimate): The portion of a company's profit allocated to each outstanding share of common stock. EPS growth serves as an indicator of a company's profitability. | 10.41 |
| Active Share Active Share: Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. | 85.73 |
| PEG Ratio | 1.73 |
| Price to Cash Flow Price to Cash Flow: The ratio of a stock’s price to its cash flow per share. The price-to-cash flow ratio is an indicator of a stock’s valuation | 10.81 |
| ROA % ROA: ROA is an indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings. | 4.28 |
| Total |
Top Holdings
% of Total Investments as of November 30, 2018
| Microsoft Corp. | 2.95 |
| Apple, Inc. | 2.90 |
| Cisco Systems, Inc. | 2.57 |
| Vodafone Group PLC | 2.15 |
| Cie de Saint-Gobain | 2.03 |
| Citigroup, Inc. | 2.00 |
| Walmart, Inc. | 1.96 |
| Roche Holding AG | 1.75 |
| Merck & Co., Inc. | 1.74 |
| Oracle Corp. | 1.73 |
| Total | #,###.2 |
Portfolio Composition
as of November 30, 2018
| Stocks | 96.26 |
| Short Terms | 3.74 |
| Total | #,###.2 |
Top Sectors
% of Total Investments as of November 30, 2018
| Financials | 17.19 |
| Information Technology | 16.41 |
| Health Care | 14.76 |
| Consumer Discretionary | 10.28 |
| Consumer Staples | 10.14 |
| Energy | 8.47 |
| Communication Services | 7.78 |
| Industrials | 6.84 |
| Utilities | 4.56 |
| Materials | 3.57 |
| Total | #,###.2 |
Top Country Weightings
% of Total Investments as of November 30, 2018
| United States | 51.09 |
| France | 11.36 |
| United Kingdom | 7.76 |
| Japan | 6.06 |
| Switzerland | 5.63 |
| Netherlands | 3.58 |
| Spain | 2.27 |
| Canada | 2.04 |
| Germany | 1.80 |
| Italy | 1.48 |
| 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 Gain | 12/14/2018 | 12/17/2018 | 12/13/2018 | $0.569600 |
| Income Dividend | 10/01/2018 | 10/02/2018 | 09/28/2018 | $0.057600 |
| Income Dividend | 07/02/2018 | 07/03/2018 | 06/29/2018 | $0.115900 |
| Income Dividend | 04/02/2018 | 04/03/2018 | 03/29/2018 | $0.048600 |
| Income Dividend | 12/29/2017 | 01/02/2018 | 12/28/2017 | $0.040700 |
| Totals: $0.832400 | ||||
Income Dividend: 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 Gain: The profit realized from the sale of securities held for less than one year.
Long-Term Capital Gain: 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.
Ratings
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. Stock of an issuer in the Fund's portfolio may decline in price if the issuer fails to make anticipated Dividend Payments because, among other reasons, the issuer of the security experiences a decline in its financial condition. Securities of Small- and Mid-Sized Companies may entail greater price volatility and less liquidity than investing in stocks of larger companies. Other risks of the Fund include but are not limited to: Convertible Securities Risks; Market Trends Risks; Other Investment Companies' Risks; Price Volatility Risks; Inability to Sell Securities Risks; 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.