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Voya Asia Pacific High Dividend Equityome Fund (Voya Asia Pacific High Dividend Equityome Fund) Forward Rate of Return (Yacktman) % : -7.45% (As of Feb. 2024)


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What is Voya Asia Pacific High Dividend Equityome Fund Forward Rate of Return (Yacktman) %?

Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Voya Asia Pacific High Dividend Equityome Fund's forward rate of return for was -7.45%.

The historical rank and industry rank for Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) % or its related term are showing as below:

IAE' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -7.52   Med: -7.52   Max: -7.45
Current: -7.45

During the past 7 years, Voya Asia Pacific High Dividend Equityome Fund's highest Forward Rate of Return was -7.45. The lowest was -7.52. And the median was -7.52.

IAE's Forward Rate of Return (Yacktman) % is ranked worse than
85.21% of 1210 companies
in the Asset Management industry
Industry Median: 5.47 vs IAE: -7.45

Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Voya Asia Pacific High Dividend Equityome Fund Forward Rate of Return (Yacktman) % Historical Data

The historical data trend for Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Voya Asia Pacific High Dividend Equityome Fund Forward Rate of Return (Yacktman) % Chart

Voya Asia Pacific High Dividend Equityome Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Forward Rate of Return (Yacktman) %
Get a 7-Day Free Trial - - - -7.52 -7.45

Voya Asia Pacific High Dividend Equityome Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Forward Rate of Return (Yacktman) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - -7.52 - -7.45

Competitive Comparison of Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) %

For the Asset Management subindustry, Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) % distribution charts can be found below:

* The bar in red indicates where Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) % falls into.



Voya Asia Pacific High Dividend Equityome Fund Forward Rate of Return (Yacktman) % Calculation

Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return of Feb. 2024 is

Forward Rate of Return=Normalized Free Cash Flow/Price+5-Year Book Value Growth Rate
=0/6.08+-0.0745
=-7.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Voya Asia Pacific High Dividend Equityome Fund  (NYSE:IAE) Forward Rate of Return (Yacktman) % Explanation

Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of Book Value per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.


Be Aware

In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.


Voya Asia Pacific High Dividend Equityome Fund Forward Rate of Return (Yacktman) % Related Terms

Thank you for viewing the detailed overview of Voya Asia Pacific High Dividend Equityome Fund's Forward Rate of Return (Yacktman) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Voya Asia Pacific High Dividend Equityome Fund (Voya Asia Pacific High Dividend Equityome Fund) Business Description

Traded in Other Exchanges
N/A
Address
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258
Voya Asia Pacific High Dividend Equity Income Fund is a United States-based diversified, closed-end fund. The fund's investment objective is total return through a combination of current income, capital gains, and capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing in a portfolio of dividend-yielding equity securities of Asia Pacific companies.
Executives
Steven Wetter officer: SVP, PM 230 PARK AVENUE, 14 FL, NEW YORK NY 10169
Margaret Diorio officer: SVP, PM 230 PARK AVENUE, NEW YORK NY 10169
Paul Zemsky other: SMD, CIO 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: Managing Director 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Mark Weber officer: Senior Managing Director 230 PARK AVENUE, NEW YORK NY 10169
Dina Santoro officer: Managing Director VOYA INVESTMENT MANAGEMENT, 230 PARK AVENUE, NEW YORK NY 10169
Christopher P Sullivan director 27 LEE TERRACE, SHORT HILLS NJ 07078
Michael Allyn Bell officer: MD & Chief Financial Officer 230 PARK AVENUE, NEW YORK NY 10169
Russell H Jones director
Joseph E Obermeyer director 9909 NE 4TH AVENUE ROAD, MIAMI SHORES FL 33138
Deprince Albert E Jr director 3029 ST. JOHNS DRIVE, MURFREESBORO TN 37129
Martin J Gavin director 282 WASHINGTON STREET, HARTFORD CT 06106
Manu Vandenbulck other: Portfolio Manager PRINSES BEATRIXLAAN 15, DEN HAAG P7 2595AK
Nicolas Simar other: Portfolio Manager PRINSES BEATRIXLAAN 15, DEN HAAG P7 2595AK
Satish Sadashiv Bapat officer: to subadvisor SCHENKKADE 65, THE HAGUE P7 2595 AS

Voya Asia Pacific High Dividend Equityome Fund (Voya Asia Pacific High Dividend Equityome Fund) Headlines