In plain terms — Voya Infrastructure, Industrials & Materials Fund
Shares currently cost about 7.2% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 3.8% discount, so today's level is not wide for this fund (Z-score -1.0). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 9.8% a year of the share price (9.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.08 of assets — a ReinvestCapture™ rate of 10.6%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 13.4% 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 | -5.08% | 2.54% | -0.48 | 55 |
| 6 months | -3.31% | 2.73% | -1.10 | 107 |
| 1 year | -3.78% | 2.56% | -0.99 | 205 |
| 3 years | -7.40% | — | — | — |
| 5 years | -9.67% | — | — | — |
Current contemporaneous premium/discount -6.31% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -10.68% to +1.93%. 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 | -2.72% | -11.05% | -1.22% | +1.17% | +9.86% | +0.05% |
| Market price total return | -1.91% | -8.93% | +5.70% | +10.98% | +21.49% | +10.28% |
| NAV return | -0.68% | -3.59% | +2.97% | +3.70% | +6.94% | +0.79% |
| NAV total return | +0.08% | -1.42% | +9.98% | +13.39% | +17.43% | +10.09% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Voya Infrastructure, Industrials and Materials Fund (IDE) is a closed-end equity mutual fund, initiated by Voya Investment Management LLC. Its management responsibilities are shared between Voya Investments, LLC and Voya Investment Management Co. LLC. The fund's investment mandate is global, targeting publicly traded equities, specifically focusing on enterprises within the infrastructure, industrials, and materials sectors. A core strategy involves identifying and investing predominantly in value stocks. Beyond direct equity holdings, the fund also strategically employs derivatives, such as call options on selected indices or exchange-traded funds, which possess economic characteristics akin to equity securities. Portfolio construction is guided by a rigorous, bottom-up fundamental analysis. This approach prioritizes companies demonstrating strong growth prospects, resilient earnings capabilities across various market cycles, disciplined capital allocation, and a formidable competitive position. Its financial performance is benchmarked against the MSCI All Country World Index. Initially established on January 26, 2010, and domiciled in the United States, the fund was previously known as the ING Infrastructure, Industrials and Materials Fund.
CEF Explorer research page for Voya Infrastructure, Industrials & Materials Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.