IDE - Voya Infrastructure, Industrials & Materials 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

   First Trust Portfolios L.P. sold down below 5% and stopped reporting.

   Original document →

2. Nov 8, 2024

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

   Original document →

3. Oct 25, 2024

   First Trust Portfolios L.P. now owns 6.9%, as a passive investor.

   Original document →

4. Aug 29, 2024

   Saba sold down below 5% and stopped reporting.

   Original document →

5. July 25, 2024

   Saba now owns 6.2%. It has said it may push for changes.

   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 $208 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 10 funds we follow that invest in utilities and infrastructure, 3 charge a lower management fee and one charges 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 $1.20 a share. $0.01 of that was income; $1.18 came from gains; $0.01 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): $14.42. The shares traded at $14.28, about 1% below that. As of Feb 28, 2026, from the fund's yearly report. Original document →
• How the holdings did: down 1% 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: $1.20 in the fiscal year ended Feb 28, 2026; $1.23 in the year ended Feb 28, 2025; $0.92 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: $0.01 in the year ended Feb 28, 2026; $0.46 in the year ended Feb 28, 2025; $0.47 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: 1.23% a year in the fiscal year ended Feb 28, 2026; 1.22% a year in the year ended Feb 28, 2025; 1.22% 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 $219 million at Feb 28, 2026; $174 million at Feb 28, 2025; $178 million at Feb 29, 2024. From the fund's quarterly holdings reports. Original documents: Feb 28, 2026 →, Feb 28, 2025 →, Feb 29, 2024 →.
• Borrowing: about 2% on top of its own money at Feb 28, 2026; none 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 15.2 million shares at Feb 28, 2026, about the same as at 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 +50.1%, counting payouts; the holdings +39%. 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 +17.7%, counting payouts; the holdings +9.9%. As of Feb 28, 2025, from the fund's annual report. Original document →
• The year ended Feb 29, 2024: the shares returned +13.4%, counting payouts; the holdings +14.3%. As of Feb 29, 2024, from the fund's annual report. Original document →
• The year ended Feb 28, 2023: the shares returned -3.6%, counting payouts; the holdings -1.5%. As of Feb 28, 2023, from the fund's annual report. Original document →
• The year ended Feb 28, 2022: the shares returned +1.1%, counting payouts; the holdings +9.8%. As of Feb 28, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +95.3%. $10,000 of shares bought at the start (March 1, 2021) would have become about $19,500 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: +21%. 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 →
• Of the 10 funds that invest in utilities and infrastructure with a fiscal year ending within six months of this one, 0 reported a higher share return for that year and 9 a lower one. As of Feb 28, 2026, from the fund's annual 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 44% issued in the U.S.

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

1. iShares Trust MSCI ACWI ETF - 1.9%
2. Cisco Systems - 1.6%
3. Ge Aerospace - 1.5%
4. Siemens AG Npv(Regd) - 1.4%
5. Rolls-Royce Holdings PLC Ord GBP0.20 - 1.3%
6. Abb Ltd (Ch) CHF0.12 (Regd) - 1.3%
7. Arista Networks - 1.3%
8. Union Pacific - 1.2%
9. Caterpillar - 1.2%
10. Linde PLC Com EUR0.001 - 1.1%

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