UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22144
Voya Infrastructure, Industrials and Materials Fund
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ | 85258 |
(Address of principal executive offices) | (Zip code) |
The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
Date of fiscal year end: February 28
Date of reporting period: March 1, 2018 to August 31, 2018
Item 1. Reports to Stockholders.
The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):
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| | E-Delivery Sign-up – details inside | |
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This report is intended for existing current holders. It is not a prospectus. This information should be read carefully.
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Go Paperless with E-Delivery!
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Sign up now for on-line prospectuses, fund reports, and proxy statements. In less than five minutes, you can help reduce paper mail and lower fund costs.
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Just go to www.voyainvestments.com, click on the E-Delivery icon from the home page, follow the directions and complete the quick 5 Steps to Enroll.
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You will be notified by e-mail when these communications become available on the internet. Documents that are not available on the internet will continue to be sent by mail.
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Index
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Description
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| | Bloomberg Barclays U.S. Aggregate Bond Index | | | | An index of publicly issued investment grade U.S. government, mortgage-backed, asset-backed and corporate debt securities. | | |
| | Bloomberg Barclays U.S. Corporate Investment Grade Bond Index | | | | An index consisting of publicly issued, fixed rate, nonconvertible, investment grade debt securities. | | |
| | MSCI All Country World IndexSM | | | | A free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. | | |
| | MSCI Europe ex UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe, excluding the UK. | | |
| | MSCI Japan® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | | |
| | MSCI UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | | |
| | MSCI World IndexSM | | | | An index that measures the performance of over 1,600 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | | |
| | S&P 500® Index | | | | An index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. | | |
Voya Infrastructure, Industrials and Materials Fund | Portfolio Managers’ Report |
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Geographic Diversification
as of August 31, 2018 (as a percentage of net assets) |
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| United States | | |
44.9%
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| Japan | | |
13.0%
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| United Kingdom | | |
6.5%
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| Germany | | |
5.9%
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| France | | |
5.4%
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| China | | |
3.8%
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| Australia | | |
2.7%
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| South Korea | | |
2.7%
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| Canada | | |
2.6%
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| Sweden | | |
2.1%
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| Countries between 0.2% – 1.7%^ | | |
9.5%
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| Assets in Excess of Other Liabilities* | | |
0.9%
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| Net Assets | | |
100.0%
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*
Includes short-term investments.
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^
Includes 14 countries, which each represents 0.2% – 1.7% of net assets.
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Portfolio holdings are subject to change daily.
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Top Ten Holdings
as of August 31, 2018 (as a percentage of net assets) |
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| Cisco Systems, Inc. | | |
3.1%
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| Honeywell International, Inc. | | |
2.2%
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| BASF SE | | |
1.7%
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| NextEra Energy, Inc. | | |
1.6%
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| Lockheed Martin Corp. | | |
1.6%
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| Air Liquide SA | | |
1.5%
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| Waste Management, Inc. | | |
1.5%
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| Eaton Corp. PLC | | |
1.5%
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| General Dynamics Corp. | | |
1.4%
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| Exelon Corp. | | |
1.4%
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Portfolio holdings are subject to change daily.
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Portfolio Managers’ Report | Voya Infrastructure, Industrials and Materials Fund |
| ASSETS: | | | | | ||||||
| Investments in securities at fair value* | | | | $ | 295,558,131 | | | | ||
| Short-term investments at fair value** | | | | | 1,624,000 | | | | ||
| Cash | | | | | 149,353 | | | | ||
| Foreign currencies at value*** | | | | | 115,197 | | | | ||
| Receivables: | | | | | | | | | ||
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Investment securities sold
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| | | | 683,232 | | | | ||
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Dividends
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| | | | 532,245 | | | | ||
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Foreign tax reclaims
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| | | | 334,909 | | | | ||
| Prepaid expenses | | | | | 2,552 | | | | ||
| Other assets | | | | | 9,871 | | | | ||
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Total assets
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| | | | 299,009,490 | | | | ||
| LIABILITIES: | | | | | | | | | ||
| Payable for investment securities purchased | | | | | 697,371 | | | | ||
| Payable for investment management fees | | | | | 276,072 | | | | ||
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 9,871 | | | | ||
| Payable for trustee fees | | | | | 1,518 | | | | ||
| Other accrued expenses and liabilities | | | | | 93,484 | | | | ||
| Written options, at fair value^ | | | | | 2,384,713 | | | | ||
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Total liabilities
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| | | | 3,463,029 | | | | ||
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NET ASSETS
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| | | $ | 295,546,461 | | | | ||
| NET ASSETS WERE COMPRISED OF: | | | | | | | | | ||
| Paid-in capital | | | | $ | 239,951,627 | | | | ||
| Distributions in excess of net investment income or accumulated net investment loss | | | | | (141,769) | | | | ||
| Accumulated net realized gain | | | | | 25,629,752 | | | | ||
| Net unrealized appreciation | | | | | 30,106,851 | | | | ||
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NET ASSETS
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| | | $ | 295,546,461 | | | | ||
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*
Cost of investments in securities
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| | | $ | 264,730,520 | | | | ||
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**
Cost of short-term investments
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| | | $ | 1,624,000 | | | | ||
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***
Cost of foreign currencies
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| | | $ | 115,853 | | | | ||
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^
Premiums received on written options
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| | | $ | 1,668,530 | | | | ||
| Net assets | | | | $ | 295,546,461 | | | | ||
| Shares authorized | | | | | unlimited | | | | ||
| Par value | | | | $ | 0.010 | | | | ||
| Shares outstanding | | | | | 19,278,679 | | | | ||
| Net asset value | | | | $ | 15.33 | | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 4,951,025 | | |
| Interest | | | | | 245 | | |
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Total investment income
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| | | | 4,951,270 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 1,683,568 | | |
| Transfer agent fees | | | | | 8,558 | | |
| Shareholder reporting expense | | | | | 45,725 | | |
| Professional fees | | | | | 30,792 | | |
| Custody and accounting expense | | | | | 63,969 | | |
| Trustee fees | | | | | 6,072 | | |
| Miscellaneous expense | | | | | 17,749 | | |
| Interest expense | | | | | 1,701 | | |
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Total expenses
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| | | | 1,858,134 | | |
| Net investment income | | | | | 3,093,136 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
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Investments (net of Indian capital gains tax withheld^)
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| | | | 30,452,239 | | |
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Foreign currency related transactions
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| | | | (159,122) | | |
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Written options
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| | | | 5,575,597 | | |
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Net realized gain
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| | | | 35,868,714 | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
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Investments
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| | | | (45,789,288) | | |
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Foreign currency related transactions
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| | | | (14,255) | | |
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Written options
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| | | | (2,194,711) | | |
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Net change in unrealized appreciation (depreciation)
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| | | | (47,998,254) | | |
| Net realized and unrealized loss | | | | | (12,129,540) | | |
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Decrease in net assets resulting from operations
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| | | $ | (9,036,404) | | |
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*
Foreign taxes withheld
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| | | $ | 362,479 | | |
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^
Foreign taxes on sale of Indian investments
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| | | $ | 9,464 | | |
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Six Months Ended
August 31, 2018 (Unaudited) |
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Year Ended
February 28, 2018 |
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FROM OPERATIONS: | | | | | | | | | | | | | |
Net investment income | | | | $ | 3,093,136 | | | | | $ | 3,783,954 | | |
Net realized gain | | | | | 35,868,714 | | | | | | 12,343,254 | | |
Net change in unrealized appreciation (depreciation) | | | | | (47,998,254) | | | | | | 25,402,524 | | |
Increase (decrease) in net assets resulting from operations | | | | | (9,036,404) | | | | | | 41,529,732 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | |
Net investment income | | | | | (3,446,745) | | | | | | (3,841,146) | | |
Net realized gains | | | | | (7,734,890) | | | | | | (14,632,274) | | |
Return of capital | | | | | — | | | | | | (3,889,847) | | |
Total distributions | | | | | (11,181,635) | | | | | | (22,363,267) | | |
Net increase (decrease) in net assets | | | | | (20,218,039) | | | | | | 19,166,465 | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 315,764,500 | | | | | | 296,598,035 | | |
End of year or period | | | | $ | 295,546,461 | | | | | $ | 315,764,500 | | |
Undistributed (distributions in excess of) net investment income or accumulated net investment loss at end of year or period
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| | | $ | (141,769) | | | | | $ | 211,840 | | |
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Per Share Operating Performance
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Ratios and Supplemental Data
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Income (loss)
from investment operations |
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Less Distributions
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Ratios to
average net assets |
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| | | Net asset value, beginning of year or period |
| | Net investment income gain (loss) | | | Net realized and unrealized gain (loss) |
| | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Net asset value, end of year or period |
| | Market value, end of year or period |
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Total investment return
at net asset value(1) |
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Total investment return
at market value(2) |
| | Net assets, end of year or period (000’s) |
| | Gross expenses prior to expense waiver/recoupment(3) |
| | Net expenses after expense waiver/recoupment(3)(4) |
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Net investment income (loss)(3)(4)
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| | Portfolio turnover rate | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended |
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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(%)
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(%)
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($000’s)
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(%)
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(%)
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(%)
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(%)
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08-31-18+ | | | | | 16.38 | | | | | | 0.16• | | | | | | (0.63) | | | | | | (0.47) | | | | | | 0.18 | | | | | | 0.40 | | | | | | — | | | | | | 0.58 | | | | | | 15.33 | | | | | | 15.30 | | | | |
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(2.75)
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1.91
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| | | | | 295,546 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 2.02 | | | | | | 51 | | | | | ||||
02-28-18 | | | | | 15.38 | | | | | | 0.20 | | | | | | 1.96 | | | | | | 2.16 | | | | | | 0.20 | | | | | | 0.76 | | | | | | 0.20 | | | | | | 1.16 | | | | | | 16.38 | | | | | | 15.60 | | | | |
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14.55
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20.89
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| | | | | 315,765 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 23 | | | | | | | | |
02-28-17 | | | | | 13.59 | | | | | | 0.20• | | | | | | 2.98 | | | | | | 3.18 | | | | | | 0.21 | | | | | | 0.13 | | | | | | 1.05 | | | | | | 1.39 | | | | | | 15.38 | | | | | | 13.88 | | | | |
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26.18
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33.53
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| | | | | 296,598 | | | | | | 1.22 | | | | | | 1.22 | | | | | | 1.37 | | | | | | 32 | | | | | ||||
02-29-16 | | | | | 17.19 | | | | | | 0.23 | | | | | | (2.29) | | | | | | (2.06) | | | | | | 0.25 | | | | | | 0.08 | | | | | | 1.21 | | | | | | 1.54 | | | | | | 13.59 | | | | | | 11.59 | | | | |
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(11.33)
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(17.36)
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| | | | | 269,214 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 1.52 | | | | | | 53 | | | | | ||||
02-28-15 | | | | | 19.33 | | | | | | 0.26 | | | | | | (0.78) | | | | | | (0.52) | | | | | | 0.46 | | | | | | 1.16 | | | | | | — | | | | | | 1.62 | | | | | | 17.19 | | | | | | 15.73 | | | | |
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(2.05)
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(0.37)
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| | | | | 340,410 | | | | | | 1.19 | | | | | | 1.19 | | | | | | 1.43 | | | | | | 62 | | | | | ||||
02-28-14 | | | | | 18.30 | | | | | | 0.48 | | | | | | 2.17 | | | | | | 2.65 | | | | | | 0.29 | | | | | | 0.20 | | | | | | 1.13 | | | | | | 1.62 | | | | | | 19.33 | | | | | | 17.39 | | | | |
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16.14
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|
7.90
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| | | | | 382,876 | | | | | | 1.19 | | | | | | 1.19 | | | | | | 2.63 | | | | | | 32 | | | | | ||||
02-28-13 | | | | | 19.91 | | | | | | 0.28• | | | | | | (0.18) | | | | | | 0.10 | | | | | | 0.30 | | | | | | 0.20 | | | | | | 1.21 | | | | | | 1.71 | | | | | | 18.30 | | | | | | 17.72 | | | | |
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1.27
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4.02
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| | | | | 362,494 | | | | | | 1.19 | | | | | | 1.19 | | | | | | 1.57 | | | | | | 25 | | | | | ||||
02-29-12 | | | | | 22.64 | | | | | | 0.25• | | | | | | (1.18) | | | | | | (0.93) | | | | | | 0.39 | | | | | | 1.38 | | | | | | 0.03 | | | | | | 1.80 | | | | | | 19.91 | | | | | | 18.77 | | | | |
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(3.31)
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2.26
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| | | | | 394,265 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 1.27 | | | | | | 22 | | | | | ||||
02-28-11 | | | | | 19.20 | | | | | | 0.19 | | | | | | 5.05 | | | | | | 5.24 | | | | | | 0.11 | | | | | | — | | | | | | 1.69 | | | | | | 1.80 | | | | | | 22.64 | | | | | | 20.18 | | | | |
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29.54
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10.84
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| | | | | 448,399 | | | | | | 1.19 | | | | | | 1.19† | | | | | | 0.97† | | | | | | 50 | | | | | ||||
01-26-10(5) - 02-28-10 | | | | | 19.06(6) | | | | | | (0.00)*• | | | | | | 0.14 | | | | | | 0.14 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19.20 | | | | | | 20.00 | | | | |
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0.73
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0.00
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| | | | | 355,377 | | | | | | 1.42 | | | | | | 1.25† | | | | | | (0.12)† | | | | | | 2 | | | | |
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Number of
Contracts |
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Premiums
Received |
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Balance at 02/28/2018 | | | | | 1,629,017 | | | | | $ | 1,890,997 | | |
Options Written | | | | | 10,433,021 | | | | | | 10,448,754 | | |
Options Expired | | | | | (6,795,955) | | | | | | (6,517,384) | | |
Options Terminated in Closing Purchase Transactions
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| | | | (3,611,456) | | | | | | (4,153,837) | | |
Balance at 08/31/2018 | | | | | 1,654,627 | | | | | $ | 1,668,530 | | |
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Tax Year Ended December 31, 2017
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Ordinary
Income |
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Long-term
Capital Gain |
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Return
of Capital |
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|
$3,841,146
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| | | $ | 14,632,274 | | | | | $ | 3,889,847 | | |
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Unrealized
Appreciation/ (Depreciation) |
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$80,745,980
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Per Share
Amount |
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Declaration
Date |
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Payable
Date |
| |
Record
Date |
| |||||||||
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$0.290
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| | | | 9/17/2018 | | | | | | 10/15/2018 | | | | | | 10/2/2018 | | |
Voya Infrastructure, Industrials | SUMMARY PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2018 (Unaudited) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: 98.6% | | ||||||||||||||||||
| | | | | | | Australia: 2.7% | | ||||||||||||
| | | 962,174 | | | | Aurizon Holdings Ltd. | | | | $ | 2,912,713 | | | | | | 1.0 | | |
| | | 152,907 | | | | BHP Billiton Ltd. | | | | | 3,673,201 | | | | | | 1.2 | | |
| | | 77,283 | | | | Other Securities | | | | | 1,411,664 | | | | | | 0.5 | | |
| | | | | | | | | | | | 7,997,578 | | | | | | 2.7 | | |
| | | | | | | Canada: 2.6% | | ||||||||||||
| | | 131,223 | | | | Teck Resources Ltd. | | | | | 2,957,294 | | | | | | 1.0 | | |
| | | 83,683 | | | | TELUS Corp. | | | | | 3,103,004 | | | | | | 1.0 | | |
| | | 370,877 | | | | Other Securities | | | | | 1,767,705 | | | | | | 0.6 | | |
| | | | | | | | | | | | 7,828,003 | | | | | | 2.6 | | |
| | | | | | | China: 3.8% | | ||||||||||||
| | | 13,539,500 | | | | Other Securities | | | |
|
11,243,868
|
| | | |
|
3.8
|
| |
| | | | | | | Denmark: 1.7% | | ||||||||||||
| | | 2,274 | | | | AP Moller - Maersk A/S - Class B |
| | | | 3,524,226 | | | | | | 1.2 | | |
| | | 14,527 | | | | Other Securities | | | | | 1,364,138 | | | | | | 0.5 | | |
| | | | | | | | | | | | 4,888,364 | | | | | | 1.7 | | |
| | | | | | | France: 5.4% | | ||||||||||||
| | | 35,683 | | | | Air Liquide SA | | | | | 4,490,789 | | | | | | 1.5 | | |
| | | 25,115 | | | | Arkema SA | | | | | 3,150,613 | | | | | | 1.1 | | |
| | | 225,167 | | | | Orange SA | | | | | 3,645,378 | | | | | | 1.2 | | |
| | | 49,554 | | | | Schneider Electric SE | | | | | 4,027,011 | | | | | | 1.4 | | |
| | | 13,447 | | | | Other Securities | | | | | 593,051 | | | | | | 0.2 | | |
| | | | | | | | | | | | 15,906,842 | | | | | | 5.4 | | |
| | | | | | | Germany: 5.9% | | ||||||||||||
| | | 54,866 | | | | BASF SE | | | | | 5,069,934 | | | | | | 1.7 | | |
| | | 38,490 (1) | | | | Covestro AG | | | | | 3,277,102 | | | | | | 1.1 | | |
| | | 126,203 | | | | Deutsche Lufthansa AG | | | | | 3,297,387 | | | | | | 1.1 | | |
| | | 214,472 | | | | Deutsche Telekom AG | | | | | 3,458,721 | | | | | | 1.2 | | |
| | | 17,423 | | | | Other Securities | | | | | 2,261,579 | | | | | | 0.8 | | |
| | | | | | | | | | | | 17,364,723 | | | | | | 5.9 | | |
| | | | | | | Hong Kong: 0.3% | | ||||||||||||
| | | 508,000 | | | | Other Securities | | | |
|
905,437
|
| | | |
|
0.3
|
| |
| | | | | | | India: 0.7% | | ||||||||||||
| | | 111,478 | | | | Other Securities | | | |
|
2,156,356
|
| | | |
|
0.7
|
| |
| | | | | | | Indonesia: 0.4% | | ||||||||||||
| | | 4,437,600 | | | | Other Securities | | | |
|
1,054,033
|
| | | |
|
0.4
|
| |
| | | | | | | Italy: 1.2% | | ||||||||||||
| | | 706,946 | | | | Enel S.p.A. | | | |
|
3,495,106
|
| | | |
|
1.2
|
| |
| | | | | | | Japan: 13.0% | | ||||||||||||
| | | 546,000 | | | | Hitachi Ltd. | | | | | 3,564,055 | | | | | | 1.2 | | |
| | | 145,200 | | | | LIXIL Group Corp. | | | | | 2,844,418 | | | | | | 1.0 | | |
| | | 137,500 | | | | Mitsubishi Corp. | | | | | 3,921,097 | | | | | | 1.3 | | |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Japan (continued) | | ||||||||||||
| | | 106,300 | | | | Nippon Electric Glass Co., Ltd. |
| | | $ | 3,407,971 | | | | | | 1.2 | | |
| | | 83,300 | | | | Nippon Telegraph & Telephone Corp. |
| | | | 3,706,100 | | | | | | 1.3 | | |
| | | 126,200 | | | | NTT DoCoMo, Inc. | | | | | 3,270,564 | | | | | | 1.1 | | |
| | | 41,900 | | | | Shin-Etsu Chemical Co., Ltd. |
| | | | 3,924,697 | | | | | | 1.3 | | |
| | | 931,400 | | | | Other Securities | | | | | 13,734,058 | | | | | | 4.6 | | |
| | | | | | | | | | | | 38,372,960 | | | | | | 13.0 | | |
| | | | | | | Malaysia: 1.0% | | ||||||||||||
| | | 2,442,800 | | | | Other Securities | | | |
|
2,886,674
|
| | | |
|
1.0
|
| |
| | | | | | | Mexico: 0.4% | | ||||||||||||
| | | 1,679,500 (2) | | | | Other Securities | | | |
|
1,190,271
|
| | | |
|
0.4
|
| |
| | | | | | | Netherlands: 1.2% | | ||||||||||||
| | | 34,016 | | | | Koninklijke DSM NV | | | |
|
3,574,788
|
| | | |
|
1.2
|
| |
| | | | | | | Singapore: 0.2% | | ||||||||||||
| | | 117,500 | | | | Other Securities | | | |
|
559,339
|
| | | |
|
0.2
|
| |
| | | | | | | South Korea: 2.7% | | ||||||||||||
| | | 8,217 | | | | SK Holdings Co. Ltd. | | | | | 1,942,094 | | | | | | 0.7 | | |
| | | 9,542 | | | | SK Telecom Co., Ltd. | | | | | 2,246,697 | | | | | | 0.8 | | |
| | | 78,478 | | | | Other Securities | | | | | 3,691,543 | | | | | | 1.2 | | |
| | | | | | | | | | | | 7,880,334 | | | | | | 2.7 | | |
| | | | | | | Spain: 0.3% | | ||||||||||||
| | | 23,529 | | | | Other Securities | | | |
|
978,870
|
| | | |
|
0.3
|
| |
| | | | | | | Sweden: 2.1% | | ||||||||||||
| | | 215,891 | | | | Volvo AB - B Shares | | | | | 3,719,132 | | | | | | 1.3 | | |
| | | 117,219 | | | | Other Securities | | | | | 2,399,920 | | | | | | 0.8 | | |
| | | | | | | | | | | | 6,119,052 | | | | | | 2.1 | | |
| | | | | | | Switzerland: 0.3% | | ||||||||||||
| | | 1,698 | | | | Other Securities | | | |
|
757,879
|
| | | |
|
0.3
|
| |
| | | | | | | Taiwan: 1.0% | | ||||||||||||
| | | 7,438,000 | | | | Other Securities | | | |
|
2,930,460
|
| | | |
|
1.0
|
| |
| | | | | | | Turkey: 0.3% | | ||||||||||||
| | | 399,491 (2) | | | | Other Securities | | | |
|
992,128
|
| | | |
|
0.3
|
| |
| | | | | | | United Kingdom: 6.5% | | ||||||||||||
| | | 1,650,628 | | | | Centrica PLC | | | | | 3,066,044 | | | | | | 1.0 | | |
| | | 285,504 | | | | CNH Industrial NV | | | | | 3,416,120 | | | | | | 1.1 | | |
| | | 42,766 | | | | Intertek Group PLC | | | | | 2,850,692 | | | | | | 1.0 | | |
| | | 103,653 | | | | TechnipFMC PLC | | | | | 3,174,891 | | | | | | 1.1 | | |
| | | 680,312 | | | | Other Securities | | | | | 6,845,988 | | | | | | 2.3 | | |
| | | | | | | | | | | | 19,353,735 | | | | | | 6.5 | | |
Voya Infrastructure, Industrials | SUMMARY PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2018 (Unaudited) (continued) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | United States: 44.9% | | ||||||||||||
| | | 242,704 | | | | AES Corp. | | | | $ | 3,266,796 | | | | | | 1.1 | | |
| | | 53,274 | | | | Ameren Corp. | | | | | 3,368,515 | | | | | | 1.1 | | |
| | | 51,130 | | | | American Electric Power Co., Inc. |
| | | | 3,667,555 | | | | | | 1.2 | | |
| | | 49,005 | | | | Ametek, Inc. | | | | | 3,771,425 | | | | | | 1.3 | | |
| | | 105,729 | | | | AT&T, Inc. | | | | | 3,376,984 | | | | | | 1.1 | | |
| | | 9,764 | | | | Boeing Co. | | | | | 3,347,002 | | | | | | 1.1 | | |
| | | 66,586 | | | | Chemours Co. | | | | | 2,903,149 | | | | | | 1.0 | | |
| | | 192,031 | | | | Cisco Systems, Inc. | | | | | 9,173,321 | | | | | | 3.1 | | |
| | | 34,427 | | | | DTE Energy Co. | | | | | 3,826,217 | | | | | | 1.3 | | |
| | | 52,034 | | | | Eaton Corp. PLC | | | | | 4,326,107 | | | | | | 1.5 | | |
| | | 92,706 | | | | Exelon Corp. | | | | | 4,052,179 | | | | | | 1.4 | | |
| | | 21,224 | | | | General Dynamics Corp. | | | | | 4,104,722 | | | | | | 1.4 | | |
| | | 85,398 | | | | Halliburton Co. | | | | | 3,406,526 | | | | | | 1.2 | | |
| | | 70,845 (3) | | | | HD Supply Holdings, Inc. | | | | | 3,229,823 | | | | | | 1.1 | | |
| | | 40,566 | | | |
Honeywell International, Inc.
|
| | | | 6,452,428 | | | | | | 2.2 | | |
| | | 38,615 | | | | Ingersoll-Rand PLC - Class A |
| | | | 3,911,313 | | | | | | 1.3 | | |
| | | 29,826 | | | | Kansas City Southern | | | | | 3,458,623 | | | | | | 1.2 | | |
| | | 17,339 | | | | L3 Technologies, Inc. | | | | | 3,705,691 | | | | | | 1.3 | | |
| | | 15,075 | | | | Lockheed Martin Corp. | | | | | 4,830,181 | | | | | | 1.6 | | |
| | | 35,151 | | | | Manpowergroup, Inc. | | | | | 3,294,703 | | | | | | 1.1 | | |
| | | 28,709 | | | | NextEra Energy, Inc. | | | | | 4,883,401 | | | | | | 1.6 | | |
| | | 57,291 | | | | Nucor Corp. | | | | | 3,580,687 | | | | | | 1.2 | | |
| | | 28,632 | | | |
Packaging Corp. of America
|
| | | | 3,147,229 | | | | | | 1.1 | | |
| | | 21,888 | | | | Parker Hannifin Corp. | | | | | 3,843,533 | | | | | | 1.3 | | |
| | | 13,199 | | | | Roper Technologies, Inc. | | | | | 3,938,186 | | | | | | 1.3 | | |
| | | 72,758 | | | | Steel Dynamics, Inc. | | | | | 3,327,223 | | | | | | 1.1 | | |
| | | 21,768 (3) | | | | United Rentals, Inc. | | | | | 3,392,978 | | | | | | 1.1 | | |
| | | 63,878 | | | | Verizon Communications, Inc. |
| | | | 3,473,047 | | | | | | 1.2 | | |
| | | 24,970 (3) | | | | WABCO Holdings, Inc. | | | | | 3,073,308 | | | | | | 1.0 | | |
| | | 48,413 | | | | Waste Management, Inc. | | | | | 4,400,742 | | | | | | 1.5 | | |
| | | 265,238 | | | | Other Securities | | | | | 14,297,890 | | | | | | 4.9 | | |
| | | | | | | | | | | | 132,831,484 | | | | | | 44.9 | | |
| | | | | | | Total Common Stock (Cost $259,710,780) |
| | |
|
291,268,284
|
| | | |
|
98.6
|
| |
|
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| EXCHANGE-TRADED FUNDS: 1.0% | | ||||||||||||||||||
| |
|
51,912
|
| | |
Other Securities
|
| | | $ | 2,763,928 | | | | | | 1.0 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $2,792,956) |
| | |
|
2,763,928
|
| | | |
|
1.0
|
| |
| PREFERRED STOCK: 0.5% | | ||||||||||||||||||
| | | | | | | Brazil: 0.5% | | ||||||||||||
| | | 154,800 | | | | Other Securities | | | |
|
1,525,919
|
| | | |
|
0.5
|
| |
| | | | | | | Total Preferred Stock (Cost $2,226,784) |
| | |
|
1,525,919
|
| | | |
|
0.5
|
| |
| | | | | | | Total Long-Term Investments (Cost $264,730,520) |
| | |
|
295,558,131
|
| | | |
|
100.1
|
| |
| SHORT-TERM INVESTMENTS: 0.5% | | ||||||||||||||||||
| | | | | | | Mutual Funds: 0.5% | | ||||||||||||
| | | 1,624,000 (4) | | | | Goldman Sachs Financial Square Government Fund - Institutional Shares, 1.870% (Cost $1,624,000) |
| | |
|
1,624,000
|
| | | |
|
0.5
|
| |
| | | | | | | Total Short-Term Investments (Cost $1,624,000) |
| | |
|
1,624,000
|
| | | |
|
0.5
|
| |
| | | | | | | Total Investments in Securities (Cost $266,354,520) |
| | | $ | 297,182,131 | | | | | | 100.6 | | |
| | | | | | | Liabilities in Excess of Other Assets |
| | | | (1,635,670) | | | | | | (0.6) | | |
| | | | | | | Net Assets | | | | $ | 295,546,461 | | | | | | 100.0 | | |
|
Voya Infrastructure, Industrials | SUMMARY PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2018 (Unaudited) (continued) |
Industry Diversification
|
| |
Percentage of
Net Assets |
| |||
Integrated Telecommunication Services | | | | | 9.3% | | |
Electric Utilities | | | | | 6.3 | | |
Industrial Conglomerates | | | | | 5.5 | | |
Aerospace & Defense | | | | | 5.4 | | |
Specialty Chemicals | | | | | 4.9 | | |
Multi-Utilities | | | | | 4.5 | | |
Electrical Components & Equipment | | | | | 4.2 | | |
Trading Companies & Distributors | | | | | 4.0 | | |
Construction & Engineering | | | | | 4.0 | | |
Diversified Chemicals | | | | | 3.9 | | |
Electronic Components | | | | | 3.6 | | |
Diversified Metals & Mining | | | | | 3.3 | | |
Industrial Machinery | | | | | 3.2 | | |
Communications Equipment | | | | | 3.1 | | |
Airlines | | | | | 2.8 | | |
Oil & Gas Equipment & Services | | | | | 2.8 | | |
Construction Machinery & Heavy Trucks | | | | | 2.5 | | |
Steel | | | | | 2.3 | | |
Railroads | | | | | 2.2 | | |
Industrial Gases | | | | | 2.0 | | |
Building Products | | | | | 1.9 | | |
Wireless Telecommunication Services | | | | | 1.9 | | |
Environmental & Facilities Services | | | | | 1.5 | | |
Industry Diversification
|
| |
Percentage of
Net Assets |
| |||
Commodity Chemicals | | | | | 1.2 | | |
Electronic Equipment & Instruments | | | | | 1.2 | | |
Marine | | | | | 1.2 | | |
Agricultural & Farm Machinery | | | | | 1.1 | | |
Human Resource & Employment Services | | | | | 1.1 | | |
Independent Power Producers & Energy Traders | | | | | 1.1 | | |
Paper Packaging | | | | | 1.1 | | |
Research & Consulting Services | | | | | 1.0 | | |
Air Freight & Logistics | | | | | 0.9 | | |
Highways & Railtracks | | | | | 0.7 | | |
Gas Utilities | | | | | 0.6 | | |
Copper | | | | | 0.6 | | |
Marine Ports & Services | | | | | 0.6 | | |
Oil & Gas Storage & Transportation | | | | | 0.5 | | |
Trucking | | | | | 0.5 | | |
Multi-Sector Holdings | | | | | 0.5 | | |
Construction Materials | | | | | 0.4 | | |
Technology Distributors | | | | | 0.4 | | |
Oil & Gas Drilling | | | | | 0.3 | | |
Liabilities in Excess of Other Assets* | | | | | (0.1) | | |
Net Assets | | | | | 100.0% | | |
|
| | |
Quoted Prices
in Active Markets for Identical Investments (Level 1) |
| |
Significant
Other Observable Inputs# (Level 2) |
| |
Significant
Unobservable Inputs (Level 3) |
| |
Fair Value
at August 31, 2018 |
| ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia
|
| | | $ | — | | | | | $ | 7,997,578 | | | | | $ | — | | | | | $ | 7,997,578 | | |
Canada
|
| | | | 7,828,003 | | | | | | — | | | | | | — | | | | | | 7,828,003 | | |
China
|
| | | | — | | | | | | 11,243,868 | | | | | | — | | | | | | 11,243,868 | | |
Denmark
|
| | | | — | | | | | | 4,888,364 | | | | | | — | | | | | | 4,888,364 | | |
France
|
| | | | — | | | | | | 15,906,842 | | | | | | — | | | | | | 15,906,842 | | |
Germany
|
| | | | — | | | | | | 17,364,723 | | | | | | — | | | | | | 17,364,723 | | |
Hong Kong
|
| | | | — | | | | | | 905,437 | | | | | | — | | | | | | 905,437 | | |
India
|
| | | | — | | | | | | 2,156,356 | | | | | | — | | | | | | 2,156,356 | | |
Indonesia
|
| | | | — | | | | | | 1,054,033 | | | | | | — | | | | | | 1,054,033 | | |
Italy
|
| | | | — | | | | | | 3,495,106 | | | | | | — | | | | | | 3,495,106 | | |
Japan
|
| | | | — | | | | | | 38,372,960 | | | | | | — | | | | | | 38,372,960 | | |
Malaysia
|
| | | | — | | | | | | 2,886,674 | | | | | | — | | | | | | 2,886,674 | | |
Mexico
|
| | | | 1,190,271 | | | | | | — | | | | | | — | | | | | | 1,190,271 | | |
Netherlands
|
| | | | — | | | | | | 3,574,788 | | | | | | — | | | | | | 3,574,788 | | |
Singapore
|
| | | | — | | | | | | 559,339 | | | | | | — | | | | | | 559,339 | | |
South Korea
|
| | | | — | | | | | | 7,880,334 | | | | | | — | | | | | | 7,880,334 | | |
Spain
|
| | | | — | | | | | | 978,870 | | | | | | — | | | | | | 978,870 | | |
Voya Infrastructure, Industrials | SUMMARY PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2018 (Unaudited) (continued) |
| | |
Quoted Prices
in Active Markets for Identical Investments (Level 1) |
| |
Significant
Other Observable Inputs# (Level 2) |
| |
Significant
Unobservable Inputs (Level 3) |
| |
Fair Value
at August 31, 2018 |
| ||||||||||||
Sweden
|
| | | | — | | | | | | 6,119,052 | | | | | | — | | | | | | 6,119,052 | | |
Switzerland
|
| | | | — | | | | | | 757,879 | | | | | | — | | | | | | 757,879 | | |
Taiwan
|
| | | | — | | | | | | 2,930,460 | | | | | | — | | | | | | 2,930,460 | | |
Turkey
|
| | | | — | | | | | | 992,128 | | | | | | — | | | | | | 992,128 | | |
United Kingdom
|
| | | | 3,174,891 | | | | | | 16,178,844 | | | | | | — | | | | | | 19,353,735 | | |
United States
|
| | | | 132,831,484 | | | | | | — | | | | | | — | | | | | | 132,831,484 | | |
Total Common Stock | | | | | 145,024,649 | | | | | | 146,243,635 | | | | | | — | | | | | | 291,268,284 | | |
Exchange-Traded Funds | | | | | 2,763,928 | | | | | | — | | | | | | — | | | | | | 2,763,928 | | |
Preferred Stock | | | | | 1,525,919 | | | | | | — | | | | | | — | | | | | | 1,525,919 | | |
Short-Term Investments | | | | | 1,624,000 | | | | | | — | | | | | | — | | | | | | 1,624,000 | | |
Total Investments, at fair value | | | | $ | 150,938,496 | | | | | $ | 146,243,635 | | | | | $ | — | | | | | $ | 297,182,131 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Written Options | | | | $ | — | | | | | $ | (2,384,713) | | | | | $ | — | | | | | $ | (2,384,713) | | |
Total Liabilities | | | | $ | — | | | | | $ | (2,384,713) | | | | | $ | — | | | | | $ | (2,384,713) | | |
|
Description
|
| |
Counterparty
|
| |
Put/Call
|
| |
Expiration
Date |
| |
Exercise
Price |
| |
Number of
Contracts |
| |
Notional
Amount |
| |
Premiums
Received |
| |
Fair Value
|
| ||||||||||||||||||
Industrial
Select Sector SPDR® Fund |
| |
JPMorgan Chase Bank N.A.
|
| |
Call
|
| | | | 10/04/18 | | | | | | 77.050 USD | | | | | | 390,655 | | | | | | 30,119,501 | | | | | $ | 436,440 | | | | | $ | (434,864) | | |
iShares MSCI EAFE
ETF |
| |
JPMorgan Chase Bank N.A.
|
| |
Call
|
| | | | 09/20/18 | | | | | | 65.990 USD | | | | | | 613,729 | | | | | | 41,328,511 | | | | | | 583,227 | | | | | | (1,052,019) | | |
iShares MSCI
Emerging Markets ETF |
| |
Citibank N.A.
|
| |
Call
|
| | | | 09/20/18 | | | | | | 41.770 USD | | | | | | 387,838 | | | | | | 16,742,966 | | | | | | 402,071 | | | | | | (683,695) | | |
Materials Select
Sector SPDR® Fund |
| |
Citibank N.A.
|
| |
Call
|
| | | | 10/04/18 | | | | | | 59.450 USD | | | | | | 262,405 | | | | | | 15,552,744 | | | | | | 246,792 | | | | | | (214,135) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 1,668,530 | | | | | $ | (2,384,713) | | |
|
Derivatives not accounted for as hedging instruments
|
| |
Location on Statement
of Assets and Liabilities |
| |
Fair Value
|
| |||
Liability Derivatives | | | | |||||||
Equity contracts | | |
Written options, at fair value
|
| | | $ | 2,384,713 | | |
Total Liability Derivatives | | | | | | |
$
|
2,384,713
|
| |
|
Voya Infrastructure, Industrials | SUMMARY PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2018 (Unaudited) (continued) |
| | |
Amount of Realized Gain or (Loss) on
Derivatives Recognized in Income |
| |||
Derivatives not accounted for as hedging instruments
|
| |
Written options
|
| |||
Equity contracts | | | | $ | 5,575,597 | | |
Total
|
| | | $ | 5,575,597 | | |
|
| | |
Change in Unrealized Appreciation or Depreciation
on Derivatives Recognized in Income |
| |||
Derivatives not accounted for as hedging instruments
|
| |
Written options
|
| |||
Equity contracts | | | | $ | (2,194,711) | | |
Total
|
| | | $ | (2,194,711) | | |
|
| | |
Citibank N.A.
|
| |
JP Morgan
Chase Bank N.A. |
| |
Totals
|
| |||||||||
Liabilities: | | | | | | | | | | | | | | | | | | | |
Written options | | | | $ | 897,830 | | | | | $ | 1,486,883 | | | | | $ | 2,384,713 | | |
Total Liabilities
|
| | | $ | 897,830 | | | | | $ | 1,486,883 | | | | | $ | 2,384,713 | | |
Net OTC derivative instruments by counterparty, at fair value
|
| | | $ | (897,830) | | | | | $ | (1,486,883) | | | | | $ | (2,384,713) | | |
Total collateral pledged by the Fund/(Received from counterparty)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | |
Net Exposure(1)
|
| | | $ | (897,830) | | | | | $ | (1,486,883) | | | | | $ | (2,384,713) | | |
|
| Cost for federal income tax purposes was $264,758,654. | | | | | | | |
| Net unrealized appreciation consisted of: | | | | | | | |
|
Gross Unrealized Appreciation
|
| | | $ | 44,099,241 | | |
|
Gross Unrealized Depreciation
|
| | | | (13,949,201) | | |
|
Net Unrealized Appreciation
|
| | | $ | 30,150,040 | | |
|
| Supplemental Call Option Statistics as of August 31, 2018: | | | |||||
| % of Total Net Assets against which calls written | | | | | 34.82% | | |
| Average Days to Expiration at time written | | | | | 35 days | | |
| Average Call Moneyness* at time written | | | | | ATM | | |
| Premiums received for calls | | | | $ | 1,668,530 | | |
| Value of calls | | | | $ | (2,384,713) | | |
| | | | | |
Proposal
|
| |
Shares
voted for |
| |
Shares voted
against or withheld |
| |
Shares
abstained |
| |
Broker
non-vote |
| |
Total
Shares Voted |
| ||||||||||||||||||
Class III Trustees
|
| |
Voya Infrastructure, Industrials
and Materials Fund |
| | | | | | | ||||||||||||||||||||||||||||||
| | | Colleen D. Baldwin | | | |
|
1*
|
| | | | | 17,405,699.200 | | | | | | 437,322.500 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,843,021.700 | | |
| | | Russell H. Jones | | | |
|
1*
|
| | | | | 17,368,707.200 | | | | | | 474,314.500 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,843,021.700 | | |
| | | Joseph E. Obermeyer | | | |
|
1*
|
| | | | | 17,357,193.200 | | | | | | 485,828.500 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,843,021.700 | | |
|
Declaration
Date |
| |
Ex Date
|
| |
Record Date
|
| |
Payable Date
|
|
|
March 15, 2018
|
| | April 2, 2018 | | | April 3, 2018 | | | April 16, 2018 | |
| June 15, 2018 | | | July 2, 2018 | | | July 3, 2018 | | | July 16, 2018 | |
| September 17, 2018 | | | October 1, 2018 | | | October 2, 2018 | | | October 15, 2018 | |
| December 17, 2018 | | | December 28, 2018 | | | December 31, 2018 | | | January 15, 2019 | |
Item 2. Code of Ethics.
Not required for semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not required for semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not required for semi-annual filing.
Item 5. Audit Committee of Listed Registrants.
Not required for semi-annual filing.
Item 6. Schedule of Investments.
Complete schedule of investments filed herein.
Voya Infrastructure, Industrials and Materials Fund |
PORTFOLIO OF INVESTMENTS as of August 31, 2018 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 98.6% | ||||||||||||||
Australia: 2.7% | ||||||||||||||
64,789 | AGL Energy Ltd. | 968,540 | 0.3 | |||||||||||
962,174 | Aurizon Holdings Ltd. | 2,912,713 | 1.0 | |||||||||||
152,907 | BHP Billiton Ltd. | 3,673,201 | 1.2 | |||||||||||
12,494 | CIMIC Group Ltd. | 443,124 | 0.2 | |||||||||||
7,997,578 | 2.7 | |||||||||||||
Canada: 2.6% | ||||||||||||||
370,877 | Lundin Mining Corp. | 1,767,705 | 0.6 | |||||||||||
131,223 | Teck Resources Ltd. | 2,957,294 | 1.0 | |||||||||||
83,683 | TELUS Corp. | 3,103,004 | 1.0 | |||||||||||
7,828,003 | 2.6 | |||||||||||||
China: 3.8% | ||||||||||||||
372,500 | Beijing Enterprises Holdings Ltd. | 1,788,591 | 0.6 | |||||||||||
1,510,000 | China Communications Services Corp., Ltd. - H Shares | 1,251,022 | 0.4 | |||||||||||
1,827,000 | China Railway Construction Corp. Ltd. - H Shares | 2,210,172 | 0.8 | |||||||||||
4,472,000 | China Telecom Corp., Ltd. - H Shares | 2,103,195 | 0.7 | |||||||||||
642,000 | Jiangsu Expressway Co. Ltd. - H Shares | 811,946 | 0.3 | |||||||||||
3,228,000 | Sinopec Shanghai Petrochemical Co. Ltd. - H Shares | 1,897,534 | 0.6 | |||||||||||
1,488,000 | Zhejiang Expressway Co., Ltd. - H Shares | 1,181,408 | 0.4 | |||||||||||
11,243,868 | 3.8 | |||||||||||||
Denmark: 1.7% | ||||||||||||||
2,274 | AP Moller - Maersk A/S - Class B | 3,524,226 | 1.2 | |||||||||||
14,527 | DSV A/S | 1,364,138 | 0.5 | |||||||||||
4,888,364 | 1.7 | |||||||||||||
France: 5.4% | ||||||||||||||
35,683 | Air Liquide SA | 4,490,789 | 1.5 | |||||||||||
13,447 | Alstom SA | 593,051 | 0.2 | |||||||||||
25,115 | Arkema SA | 3,150,613 | 1.1 | |||||||||||
225,167 | Orange SA | 3,645,378 | 1.2 | |||||||||||
49,554 | Schneider Electric SE | 4,027,011 | 1.4 | |||||||||||
15,906,842 | 5.4 | |||||||||||||
Germany: 5.9% | ||||||||||||||
54,866 | BASF SE | 5,069,934 | 1.7 | |||||||||||
38,490 | (1) | Covestro AG | 3,277,102 | 1.1 | ||||||||||
126,203 | Deutsche Lufthansa AG | 3,297,387 | 1.1 | |||||||||||
214,472 | Deutsche Telekom AG | 3,458,721 | 1.2 | |||||||||||
17,423 | Siemens AG | 2,261,579 | 0.8 | |||||||||||
17,364,723 | 5.9 | |||||||||||||
Hong Kong: 0.3% | ||||||||||||||
508,000 | NWS Holdings Ltd. | 905,437 | 0.3 | |||||||||||
India: 0.7% | ||||||||||||||
111,478 | Larsen & Toubro Ltd. | 2,156,356 | 0.7 | |||||||||||
Indonesia: 0.4% | ||||||||||||||
4,437,600 | Telekomunikasi Indonesia Persero Tbk PT | 1,054,033 | 0.4 | |||||||||||
Italy: 1.2% | ||||||||||||||
706,946 | Enel S.p.A. | 3,495,106 | 1.2 | |||||||||||
Japan: 13.0% | ||||||||||||||
546,000 | Hitachi Ltd. | 3,564,055 | 1.2 | |||||||||||
145,200 | LIXIL Group Corp. | 2,844,418 | 1.0 | |||||||||||
91,300 | JSR Corp. | 1,771,045 | 0.6 | |||||||||||
391,000 | Kajima Corp. | 2,811,590 | 0.9 | |||||||||||
85,400 | Kamigumi Co., Ltd. | 1,733,016 | 0.6 | |||||||||||
172,600 | Marubeni Corp. | 1,414,192 | 0.5 | |||||||||||
137,500 | Mitsubishi Corp. | 3,921,097 | 1.3 | |||||||||||
106,300 | Nippon Electric Glass Co., Ltd. | 3,407,971 | 1.2 | |||||||||||
83,300 | Nippon Telegraph & Telephone Corp. | 3,706,100 | 1.3 | |||||||||||
126,200 | NTT DoCoMo, Inc. | 3,270,564 | 1.1 | |||||||||||
71,900 | Obayashi Corp. | 673,096 | 0.2 | |||||||||||
62,500 | Omron Corp. | 2,798,620 | 0.9 | |||||||||||
41,900 | Shin-Etsu Chemical Co., Ltd. | 3,924,697 | 1.3 | |||||||||||
56,700 | Taisei Corp. | 2,532,499 | 0.9 | |||||||||||
38,372,960 | 13.0 | |||||||||||||
Malaysia: 1.0% | ||||||||||||||
2,158,800 | AirAsia Group Bhd | 1,804,031 | 0.6 | |||||||||||
284,000 | Tenaga Nasional BHD | 1,082,643 | 0.4 | |||||||||||
2,886,674 | 1.0 | |||||||||||||
Mexico: 0.4% | ||||||||||||||
1,679,500 | (2) | Cemex SA de CV | 1,190,271 | 0.4 | ||||||||||
Netherlands: 1.2% | ||||||||||||||
34,016 | Koninklijke DSM NV | 3,574,788 | 1.2 | |||||||||||
Singapore: 0.2% | ||||||||||||||
117,500 | Keppel Corp., Ltd. | 559,339 | 0.2 | |||||||||||
South Korea: 2.7% | ||||||||||||||
6,630 | Lotte Chemical Corp. | 1,882,116 | 0.6 | |||||||||||
71,848 | Korean Air Lines Co. Ltd. | 1,809,427 | 0.6 | |||||||||||
8,217 | SK Holdings Co. Ltd. | 1,942,094 | 0.7 | |||||||||||
9,542 | SK Telecom Co., Ltd. | 2,246,697 | 0.8 | |||||||||||
7,880,334 | 2.7 | |||||||||||||
Spain: 0.3% | ||||||||||||||
23,529 | ACS Actividades de Construccion y Servicios SA | 978,870 | 0.3 | |||||||||||
Sweden: 2.1% | ||||||||||||||
21,061 | Boliden AB | 551,520 | 0.2 | |||||||||||
96,158 | SKF AB - B Shares | 1,848,400 | 0.6 | |||||||||||
215,891 | Volvo AB - B Shares | 3,719,132 | 1.3 | |||||||||||
6,119,052 | 2.1 | |||||||||||||
Switzerland: 0.3% | ||||||||||||||
1,698 | Swisscom AG | 757,879 | 0.3 | |||||||||||
Taiwan: 1.0% | ||||||||||||||
5,112,000 | AU Optronics Corp. | 2,217,433 | 0.8 |
See Accompanying Notes to Financial Statements
Voya Infrastructure, Industrials and Materials Fund |
PORTFOLIO OF INVESTMENTS as of August 31, 2018 (Unaudited) (continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
Taiwan: (continued) | ||||||||||||||
2,326,000 | China Airlines Ltd. | 713,027 | 0.2 | |||||||||||
2,930,460 | 1.0 | |||||||||||||
Turkey: 0.3% | ||||||||||||||
399,491 | (2) | Turk Hava Yollari | 992,128 | 0.3 | ||||||||||
United Kingdom: 6.5% | ||||||||||||||
139,619 | Anglo American PLC | 2,803,704 | 0.9 | |||||||||||
1,650,628 | Centrica PLC | 3,066,044 | 1.0 | |||||||||||
285,504 | CNH Industrial NV | 3,416,120 | 1.1 | |||||||||||
42,766 | Intertek Group PLC | 2,850,692 | 1.0 | |||||||||||
454,637 | Royal Mail PLC | 2,643,804 | 0.9 | |||||||||||
86,056 | SSE PLC | 1,398,480 | 0.5 | |||||||||||
103,653 | TechnipFMC PLC | 3,174,891 | 1.1 | |||||||||||
19,353,735 | 6.5 | |||||||||||||
United States: 44.9% | ||||||||||||||
242,704 | AES Corp. | 3,266,796 | 1.1 | |||||||||||
8,035 | Air Products & Chemicals, Inc. | 1,336,140 | 0.5 | |||||||||||
23,020 | Albemarle Corp. | 2,198,870 | 0.7 | |||||||||||
53,274 | Ameren Corp. | 3,368,515 | 1.1 | |||||||||||
51,130 | American Electric Power Co., Inc. | 3,667,555 | 1.2 | |||||||||||
49,005 | Ametek, Inc. | 3,771,425 | 1.3 | |||||||||||
22,862 | Amphenol Corp. | 2,162,288 | 0.7 | |||||||||||
105,729 | AT&T, Inc. | 3,376,984 | 1.1 | |||||||||||
9,764 | Boeing Co. | 3,347,001 | 1.1 | |||||||||||
11,736 | CDW Corp. | 1,027,604 | 0.3 | |||||||||||
30,839 | Centerpoint Energy, Inc. | 857,016 | 0.3 | |||||||||||
66,586 | Chemours Co. | 2,903,150 | 1.0 | |||||||||||
192,031 | Cisco Systems, Inc. | 9,173,321 | 3.1 | |||||||||||
4,318 | DowDuPont, Inc. | 302,821 | 0.1 | |||||||||||
34,427 | DTE Energy Co. | 3,826,217 | 1.3 | |||||||||||
52,034 | Eaton Corp. PLC | 4,326,107 | 1.5 | |||||||||||
92,706 | Exelon Corp. | 4,052,179 | 1.4 | |||||||||||
21,224 | General Dynamics Corp. | 4,104,722 | 1.4 | |||||||||||
85,398 | Halliburton Co. | 3,406,526 | 1.2 | |||||||||||
70,845 | (2) | HD Supply Holdings, Inc. | 3,229,823 | 1.1 | ||||||||||
12,489 | Helmerich & Payne, Inc. | 818,904 | 0.3 | |||||||||||
40,566 | Honeywell International, Inc. | 6,452,428 | 2.2 | |||||||||||
38,615 | Ingersoll-Rand PLC - Class A | 3,911,313 | 1.3 | |||||||||||
29,826 | Kansas City Southern | 3,458,623 | 1.2 | |||||||||||
81,048 | Kinder Morgan, Inc. | 1,434,550 | 0.5 | |||||||||||
17,339 | L3 Technologies, Inc. | 3,705,691 | 1.3 | |||||||||||
15,075 | Lockheed Martin Corp. | 4,830,181 | 1.6 | |||||||||||
35,151 | Manpowergroup, Inc. | 3,294,703 | 1.1 | |||||||||||
28,709 | NextEra Energy, Inc. | 4,883,401 | 1.7 | |||||||||||
57,291 | Nucor Corp. | 3,580,687 | 1.2 | |||||||||||
48,590 | Owens Corning, Inc. | 2,751,166 | 0.9 | |||||||||||
28,632 | Packaging Corp. of America | 3,147,229 | 1.1 | |||||||||||
21,888 | Parker Hannifin Corp. | 3,843,533 | 1.3 | |||||||||||
13,199 | Roper Technologies, Inc. | 3,938,186 | 1.3 | |||||||||||
22,301 | Schlumberger Ltd. | 1,408,531 | 0.5 | |||||||||||
72,758 | Steel Dynamics, Inc. | 3,327,223 | 1.1 | |||||||||||
21,768 | (2) | United Rentals, Inc. | 3,392,978 | 1.1 | ||||||||||
63,878 | Verizon Communications, Inc. | 3,473,047 | 1.2 | |||||||||||
24,970 | (2) | WABCO Holdings, Inc. | 3,073,308 | 1.0 | ||||||||||
48,413 | Waste Management, Inc. | 4,400,742 | 1.5 | |||||||||||
132,831,484 | 44.9 | |||||||||||||
Total Common Stock (Cost $259,710,780) | 291,268,284 | 98.6 | ||||||||||||
EXCHANGE-TRADED FUNDS: 1.0% | ||||||||||||||
34,232 | iShares Global Infrastructure ETF | 1,458,968 | 0.5 | |||||||||||
17,680 | iShares MSCI ACWI ETF | 1,304,960 | 0.5 | |||||||||||
Total Exchange-Traded Funds (Cost $2,792,956) | 2,763,928 | 1.0 | ||||||||||||
PREFERRED STOCK: 0.5% | ||||||||||||||
Brazil: 0.5% | ||||||||||||||
154,800 | Telefonica Brasil SA | 1,525,919 | 0.5 | |||||||||||
Total Preferred Stock (Cost $2,226,784) | 1,525,919 | 0.5 | ||||||||||||
Total Long-Term Investments (Cost $264,730,520) | 295,558,131 | 100.1 | ||||||||||||
SHORT-TERM INVESTMENTS: 0.5% | ||||||||||||||
Mutual Funds: 0.5% | ||||||||||||||
1,624,000 | (3) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 1.870% | ||||||||||||
(Cost $1,624,000) | 1,624,000 | 0.5 | ||||||||||||
Total Short-Term Investments (Cost $1,624,000) | 1,624,000 | 0.5 | ||||||||||||
Total Investments in Securities (Cost $266,354,520) | $ | 297,182,131 | 100.6 | |||||||||||
Liabilities in Excess of Other Assets | (1,635,670 | ) | (0.6 | ) | ||||||||||
Net Assets | $ | 295,546,461 | 100.0 |
(1) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(2) | Non-income producing security. |
(3) | Rate shown is the 7-day yield as of August 31, 2018. |
See Accompanying Notes to Financial Statements
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. |
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | The Code of Ethics is not required for the semi-annual filing. |
(a)(2) | A separate certification for each principal executive officer and principal financial officer of the registrant is required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT. |
(a)(3) | Not required for semi-annual filing. |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
(c) | Notices to the registrant's common shareholders in accordance with the order under Section 6(c) of the Investment Company Act of 1940 (the “1940 Act”) granting an exemption from Section 19(b) of the 1940 Act and Rule 19b-1 under the 1940 Act, dated August 16, 2011.1 |
(c)(1) 2nd Qtr 2018
(c)(2) 3rd Qtr 2018
1 The Fund has received exemptive relief from the Securities and Exchange Commission permitting it to make periodic distributions of long-term capital gains with respect to its outstanding common stock as frequently as twelve times each year, and as frequently as distributions are specified by or in accordance with the terms of its outstanding preferred stock. This relief is conditioned, in part, on an undertaking by the Fund to make the disclosures to the holders of the Fund's common shares, in addition to the information required by Section 19(a) of the 1940 Act and Rule 19a-1 thereunder. The Fund is likewise obligated to file with the SEC the information contained in any such notice to shareholders and, in that regard, has attached hereto copies of each such notice made during the period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): Voya Infrastructure, Industrials and Materials Fund
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer |
Date: November 8, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer |
Date: November 8, 2018
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 8, 2018