Voya Infrastructure Industrials and Materials Fund of Beneficial Interest
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$10.04
- Net Assets:$174.91 Million
- NAV:$11.78
- Premium-14.77%
- Peer Rank:346 of 559
- Investment Rating:C
- Performance:C
- RiskB-
We rate Voya Infrastructure Indus & Mtrls at C. Positive factors that influence this rating include a low price volatility and low expense structure. The fund invests approximately 99% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
Total return ranks below peers over the last three years. The Voya Infrastructure Indus & Mtrls has returned an annual rate of 4.87% since inception. More recently, the fund has generated a total return of 4.28% in the last five years, 1.80% in the last three years, and 12.59% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 44% of them. It has also outpaced 44% of its competitors on a three year basis and 59% of them over the last year for the period ending 2/29/2024. On a year to date basis, IDE has returned -0.49%.
Downside risk has been below average. IDE has a draw down risk of -33.53%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 19.5%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $174.91 million, IDE maintains a high expense ratio compared to its Growth - Domestic peers of 1.22% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As IDE is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Voya Infrastructure Indus & Mtrls has been managed by Peg DiOrio for the last 6 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 22% of other fund managers.