Voya Global Real Estate Fund
Worldwide Location Means Real Diversification
Many investment goals — growth potential, income and diversification — may be realized with global real estate investment trusts (REITs).
The Voya Global Real Estate Fund Offers
Historically strong growth potential, income and diversification
One of the world’s largest real estate investment companies
Strong long-term risk-adjusted return potential
The Voya Difference
- Historically strong growth potential, income and diversification
REITs combine historically strong growth potential with distribution income — and offer low historic correlation to stocks and bonds. - One of the world’s largest real estate investment companies
CBRE Clarion, one of the world’s largest real estate investment companies, has been 100% dedicated to real estate securities since 1984. - Strong long-term risk-adjusted returns
Research analysts identify attractive investment opportunities around the world, while risk management guidelines control volatility.
Product Facts
| Ticker Symbol | IGLAX |
| CUSIP | 92913X845 |
| Inception Date | November 5, 2001 |
| Dividends Paid | Quarterly |
| Min. Initial Investment | $1,000.00 |
About this Product
- Invests in REIT securities of companies of any market capitalization in a number of different countries, including the U.S.
- Managed by CBRE Clarion Securities (CBRE Clarion), one of the world’s largest real estate investment companies
- Follows a multi-step investment process for constructing the portfolio that combines top-down region and sector allocation with bottom-up individual stock selection
- Employs an in-house valuation process that identifies investments with superior current income and growth potential relative to their peers. It examines several factors including: value and property, capital structure, and management and strategy
Investment Objective
The Fund seeks to provide investors with high total return, consisting of capital appreciation and current income.
Management Team
View Fund Advisor/Sub AdvisorPortfolio Management Team
Voya Investments, LLC
Investment Adviser
CBRE Clarion Securities, LLC
Investment Sub-Adviser
T. Ritson Ferguson, CFA
Portfolio Manager
Managed Fund since 2001
More Info
Steven D Burton, CFA
Portfolio Manager
Managed Fund since 2001
More Info
Joseph P Smith, CFA
Portfolio Manager
Managed Fund since 2007
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 | -4.20 | -2.44 | +2.10 | +3.51 | +9.09 | 1.34% | 1.30% |
| With Sales Charge | -9.72 | -8.05 | +0.11 | +2.30 | +8.44 | ||
| Net Asset Value | -2.95 | +1.66 | +3.46 | +3.71 | +4.73 | 1.34% | 1.30% |
| With Sales Charge | -8.54 | -4.17 | +1.44 | +2.49 | +4.11 | ||
| FTSE EPRA Nareit Developed Index | -0.07 | +1.21 | +4.98 | +5.57 | +11.29 | — | — |
| FTSE EPRA Nareit Developed Index | +0.06 | +3.66 | +6.19 | +5.43 | +6.04 | — | — |
Inception Date - Class A:November 5, 2001
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.
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. | 1.84 |
| 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). | 1.96 |
| 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. | 4.13 |
| 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. | 3.89 |
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. | 10.79 | 11.01 | 17.35 |
| 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. | 1.02 | 1.02 | 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. | 97.73 | 97.95 | 98.69 |
| 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. | -2.86 | -2.04 | -1.82 |
| 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. | 0.16 | 0.32 | 0.57 |
| 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. | 1.65 | 1.59 | 2.01 |
| 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. | -1.75 | -1.29 | -1.10 |
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: $23,865.00
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. | $1,033.9 |
| Number of Holdings Number of Holdings: Number of Holdings in the investment. | 90 |
| Price/FFO Price/FFO: Price to Funds From Operations (P/FFO), the REIT equivalent of a security’s Price to Earnings ratio (P/E), is used to measure operating performance which encompasses a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation. Source: provided by Sub-Adviser | 16.50 |
| Weighted Average Market Cap millions Weighted Average Market Cap: Source: provided by Sub-Adviser | $15,399.0 |
| Total |
Top Holdings
% of Total Investments as of November 30, 2018
| Simon Property Group, Inc. | 4.94 |
| ProLogis, Inc. | 3.83 |
| Welltower, Inc. | 3.61 |
| Equity Residential | 2.82 |
| AvalonBay Communities, Inc. | 2.82 |
| Extra Space Storage, Inc. | 2.80 |
| CK Asset Holdings Ltd. | 2.69 |
| Vonovia SE | 2.68 |
| Mitsui Fudosan Co., Ltd. | 2.55 |
| Alexandria Real Estate Equities, Inc. | 2.32 |
| Total | #,###.2 |
Portfolio Composition
as of November 30, 2018
| Stocks | 100.00 |
| Total | #,###.2 |
Sector Weightings
% of Total Investments as of November 30, 2018
| Diversified Property Holdings | 22.73 |
| Residential | 20.27 |
| Office Buildings | 11.29 |
| Healthcare Facilities | 8.14 |
| Industrial Properties | 7.71 |
| Retail: Community Shopping Centers | 6.34 |
| Retail: Enclosed Malls | 6.34 |
| Net Leased Properties | 5.20 |
| Self Storage Property | 5.17 |
| Technology Real Estate | 3.86 |
| Residential: Hotels | 2.96 |
| Total | #,###.2 |
Top Country Weightings
% of Total Investments as of November 30, 2018
| United States | 54.28 |
| Japan | 11.50 |
| Hong Kong | 8.27 |
| Germany | 5.80 |
| Australia | 4.31 |
| United Kingdom | 4.05 |
| Sweden | 3.27 |
| Singapore | 2.27 |
| Canada | 2.04 |
| Belgium | 0.99 |
| 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 | $1.833000 |
| Income Dividend | 10/01/2018 | 10/02/2018 | 09/28/2018 | $0.077000 |
| Income Dividend | 07/02/2018 | 07/03/2018 | 06/29/2018 | $0.126800 |
| Income Dividend | 04/02/2018 | 04/03/2018 | 03/29/2018 | $0.277500 |
| Income Dividend | 12/29/2017 | 01/02/2018 | 12/28/2017 | $0.296700 |
| Long-Term Capital Gain | 12/15/2017 | 12/18/2017 | 12/14/2017 | $2.533600 |
| Totals: $5.144600 | ||||
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. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Concentration of investments in one or more real estate industries, may subject the Fund to greater volatility than a portfolio which is less concentrated. Price Volatility, liquidity and other risks that accompany an investment in Global Real Estate Equities. Risks of the REIT's are similar to those associated with direct ownership of Real Estate, such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. Other risks of the Fund include but are not limited to: Convertible Securities Risks; Rule 144A Securities Risks; Initial Public Offerings Risks; Market Trends Risks; Non-Diversification Risks; Other Investment Companies' 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.