IAE - Voya Asia Pacific High Dividend Equity Income Fund

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Oct 30, 2026

   Raymond James & Associates sold down below 5% and stopped reporting.

   Original document →

2. Oct 20, 2026

   Saba sold down below 5% and stopped reporting.

   Original document →

3. Oct 19, 2026

   The fund's shares stopped trading on the exchange.

   Original document →

4. Aug 24, 2026

   The fund proposed folding into Voya Multi-Manager Emerging Markets Equity Fund, a regular mutual fund - you would be able to sell at the full value of the holdings. Holders vote on Sept 28, 2026. Latest document Aug 24, 2026.

   Original document →

5. Aug 13, 2026

   Morgan Stanley now owns 5.2%, as a passive investor.

   Original document →

About this fund

• Run by Voya Investments, LLC. Part of the Voya mutual funds fund family. As of Feb 28, 2026, from the fund's yearly report. Original document →
• Size: about $98.5 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.1% a year in management fees; 1.2% a year in total, including interest on borrowed money. Fiscal year ended Feb 28, 2026. As of Feb 28, 2026, from the fund's yearly report. Original document →
  Among the 53 funds we follow that invest in shares, 39 charge a lower management fee and 22 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Feb 28, 2026) the fund paid $0.78 a share. $0.13 of that was income; $0.65 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Feb 28, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Feb 28, 2026): $8.79. The shares traded at $8.12, about 7.6% below that. As of Feb 28, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 0.5% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2007.

How this has changed

• Payouts per share: $0.78 in the fiscal year ended Feb 28, 2026; $0.81 in the year ended Feb 28, 2025; $0.64 in the year ended Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.65 in the year ended Feb 28, 2026; $0.62 in the year ended Feb 28, 2025; $0.36 in the year ended Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.21% a year in the fiscal year ended Feb 28, 2026; 1.2% a year in the year ended Feb 28, 2025; 1.2% a year in the year ended Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $94.5 million at Feb 28, 2026; $75.7 million at Feb 28, 2025; $77.8 million at Feb 29, 2024. From the fund's quarterly holdings reports. Original documents: Feb 28, 2026 →, Feb 28, 2025 →, Feb 29, 2024 →.
• Borrowing: none at Feb 28, 2026; 3% at Feb 28, 2025; none at Feb 29, 2024. From the fund's quarterly holdings reports. Original documents: Feb 28, 2026 →, Feb 28, 2025 →, Feb 29, 2024 →.
• The fund had about 10.8 million shares at Feb 28, 2026, down 2.4% from Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Feb 28, 2026: the shares returned +44.6%, counting payouts; the holdings +40.4%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Feb 28, 2026, from the fund's annual report. Original document →
• The year ended Feb 28, 2025: the shares returned +17.3%, counting payouts; the holdings +12.6%. As of Feb 28, 2025, from the fund's annual report. Original document →
• The year ended Feb 29, 2024: the shares returned +6.6%, counting payouts; the holdings +8.7%. As of Feb 29, 2024, from the fund's annual report. Original document →
• The year ended Feb 28, 2023: the shares returned -8.8%, counting payouts; the holdings -7.5%. As of Feb 28, 2023, from the fund's annual report. Original document →
• The year ended Feb 28, 2022: the shares returned -6.2%, counting payouts; the holdings -1.9%. As of Feb 28, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +54.5%. $10,000 of shares bought at the start (March 1, 2021) would have become about $15,500 by Feb 28, 2026, with every payout counted, before tax. As of Feb 28, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +32.2%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Almost all shares (99%). About 3% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Taiwan Semiconductor Manufacturing Company Ltd Twd10 - 14.4%
2. Samsung Electronics Co Ltd Krw100 - 7.6%
3. Sk Hynix Inc Krw5000 - 5.2%
4. iShares Trust MSCI Ac Asia ETF - 2.4%
5. Bhp Group Ltd Npv - 2%
6. Tencent Holdings Ltd HKD0.00002 - 2%
7. Delta Electronics Inc Twd10 - 1.4%
8. Hon Hai Precision Industry Company Ltd Twd10 - 1.4%
9. Alibaba Group Holding Ltd USD0.000003125 - 1.3%
10. Mediatek Inc Twd10 - 1.1%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →