- Last Ratings Update:07/31/2014
- Price as of 07/31/2014 :$12.55
- Net Assets:$244.22 Million
- Peer Rank:59 of 76
- Investment Rating:D
We rate Voya Emerging Markets High Div Eqty at D. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Negative factors that influence this rating include a well below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Emerging Market Equity strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The Voya Emerging Markets High Div Eqty has returned an annual rate of -3.93% since inception. More recently, the fund has generated a total return of 2.08% in the last three years, 1.13% in the last year, and 18.32% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 24% of them. It has also outpaced 15% of its competitors on a one year basis for the period ending 7/31/2014. On a year to date basis, IHD has returned 10.86%.
Downside risk has been above average. IHD has a draw down risk of -34.89%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 21.0%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 7/31/2014, the fund was trading at a price of $12.55, which is 2.2% below its 52-week high of $12.83 and 1.6% above its 52-week low of $12.35.
High expense ratio hinders performance. On total assets of $244.22 million, IHD maintains a high expense ratio compared to its Emerging Market Equity peers of 1.41% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As IHD is a closed end fund, it has no front end or back end load.
Manager lacks tenure but performance is a net positive. 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 Emerging Markets High Div Eqty has been managed by Edwin Cuppen for only 4 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than 64% of other fund managers.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
Latest Stock Upgrades/Downgrades