Voya Funds Announce Upcoming Monthly Distribution Details

Introduction to Voya Funds' Monthly Distributions

Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) alongside Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) has recently shared vital updates regarding their monthly distributions. As an investment vehicle, these funds aim to regularly provide returns to their shareholders, which can be an attractive feature for investors looking for consistent income streams.

Key Dates for Upcoming Distributions

Voya Funds have designated September 16, 2024, as the payable date for their next monthly distribution. During this distribution, the amounts allocated per share are set at $0.085 for the Global Advantage Fund and $0.100 for the Infrastructure Fund. These figures represent not only the commitment of Voya to return value to shareholders but also the strategic financial planning behind their Managed Distribution Plan.

Understanding the Distribution Plan

The Managed Distribution Plan is designed to facilitate monthly cash distributions to shareholders at a fixed rate per common share. This approach is particularly reassuring for investors, as it provides clarity and expectations for returns. While the distributions are generally aligned with the fund's income, there are instances where these amounts may include a return of capital. This indicates that some of the value could consist of the original investment being returned to shareholders.

Estimated Sources of Distribution

For the upcoming distribution, the sources of funds comprise several components:

• Net Investment Income: The primary source contributing to the distribution amount.
• Realized Capital Gains: This includes both short-term and long-term gains adjusted as per investment performance.
• Return of Capital: This may feature as part of the fund’s distribution, which signifies the return of the original investment to shareholders.

For IGA, the estimated parameters for these foundations suggest that $0.016 translates to 19.07% of the current distribution as net investment income, while $0.052 indicates that 60.78% will originate from the return of capital. On the other hand, IDE indicates a slightly different distribution breakdown.

Distribution Characteristics

Voya Global Advantage and Premium Opportunity Fund
The total payout indicates that, after factoring in all elements, the cumulative distribution for this fund has reached $0.622, where 100% of it is accounted for effectively.

Voya Infrastructure, Industrials and Materials Fund
For IDE, the distribution breakdown showcases a cumulative total of $0.729, with its components clearly showcasing the financial structure and outlining effective financial strategies in place.

Investment Performance Insights

Examining the performance of these funds demonstrates their track record resiliency. The average annual total return at net asset value (NAV) for IGA stands at 7.64% over a five-year stretch, while IDE exhibits a commendable 8.16% during the same timeframe. These figures not only highlight the potential for growth but also reflect the funds' management strategies.

The annualized current distribution rate, which aligns with the funds' NAV, is calculated at 9.88% for IGA and slightly higher at 10.13% for IDE. Such metrics provide investors assurance about the potential for dividends compared to the risks associated with market volatility.

Understanding Returns and Investment Risks

It’s essential to emphasize that while Voya's funds have displayed commendable annual performance, past performance does not guarantee future results. Investment returns can experience significant fluctuations; thus, investors are advised to consider individual risk tolerance levels when evaluating these funds. Such considerations include market conditions that may impact both yield and capital gains.

Conclusion: An Overview of Voya's Commitment

Voya Investment Management, managing over $336 billion in assets, continues to focus on delivering robust investment performance while also attending to the diversity and inclusion imperative within their operational structure. For potential investors, understanding the implications of distributions, the funds’ performance, and inherent risks present a robust framework for informed decision-making.

Frequently Asked Questions

What are the next payable dates for the Voya Funds distributions?

The next payable date is September 16, 2024, for both funds.

How much will the distributions be per share for IGA and IDE?

The distribution amount per common share for IGA is $0.085 and for IDE, it is $0.100.

What sources contribute to the distribution of these funds?

Sources include net investment income, realized capital gains, and returns of capital.

What is the average annual total return for the funds?

The average annual total return is 7.64% for IGA and 8.16% for IDE over the last five years.

Are returns guaranteed with these funds?

No, past performance does not guarantee future results, and investment returns can fluctuate.

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