In plain terms — Voya Asia Pacific High Dividend Equity Income Fund
Shares currently cost about 2.0% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 5.2% discount, so today's level is somewhat high for this fund (Z-score +1.2). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 11.1% a year of the share price (10.9% of the assets). That is a payout rate, not a return: part of it may be capital being handed back, and a one-off special payment in the last year is excluded from the regular rate.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.02 of assets — a ReinvestCapture™ rate of 11.3%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 22.0% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -2.34% | 1.00% | +0.38 | 56 |
| 6 months | -3.75% | 2.49% | +0.72 | 108 |
| 1 year | -5.16% | 2.69% | +1.19 | 206 |
| 3 years | -10.00% | — | — | — |
| 5 years | -10.92% | — | — | — |
Current contemporaneous premium/discount -1.96% (close Oct 13, 2026 vs NAV Oct 13, 2026). 1-year range -10.55% to +0.45%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -20.43% | -18.30% | -3.71% | -3.18% | +7.33% | -3.53% |
| Market price total return | -1.18% | +2.98% | +27.28% | +31.35% | +28.37% | +12.56% |
| NAV return | -20.99% | -17.91% | -10.06% | -9.61% | +2.50% | -4.69% |
| NAV total return | -1.92% | +3.40% | +18.47% | +22.02% | +21.32% | +9.89% |
Through Oct 13, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Voya Asia Pacific High Dividend Equity Income Fund operates as a closed-end investment product, primarily focused on equities. It is jointly managed by Voya Investment Management LLC, Voya Investments, LLC, and NNIP Advisors B.V. The fund's objective is to allocate capital to publicly traded companies across the Asia Pacific region, with a significant emphasis on high-dividend-paying stocks from diverse industry sectors. It also strategically invests in derivatives, such as call options on indices or individual equities, when these instruments offer comparable economic exposure to equity securities. The investment approach blends comprehensive fundamental analysis with quantitative methods, utilizing a bottom-up stock-picking strategy that evaluates factors like liquidity, dividend yield, cash flow strength, capital structure, capital expenditures, and operating margins. The fund's performance is measured against the MSCI All Country Asia Pacific ex-Japan Index. Established in the United States on January 8, 2007, it was previously known as the ING Asia Pacific High Dividend Equity Income Fund.
CEF Explorer research page for Voya Asia Pacific High Dividend Equity Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.