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: 811-21786
Voya Global Advantage and Premium Opportunity 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):
|
|
| | E-Delivery Sign-up – details inside | |
| |
This report is intended for existing current holders. It is not a prospectus. This information should be read carefully.
|
| |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 9 | | | |
| | | | | 10 | | | |
| | | | | 19 | | | |
| | | | | 25 | | | |
| | | | | 26 | | |
| |
|
| |
Go Paperless with E-Delivery!
|
| |
|
| |
| |
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.
|
| | ||||||
| |
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.
|
| | ||||||
| |
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.
|
| |
| |
Index
|
| | |
Description
|
| |
| | 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. | | |
| | EuroStoxx 50 Index | | | | Covers 50 stocks from 12 euro zone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. | | |
| | FTSE 100 Index | | | | A share index of the 100 most highly capitalized U.K. companies listed on the London Stock Exchange. | | |
| | 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. | | |
| | Nikkei 225 Index | | | | A price weighted index and made up of the top 225 industry leading companies which investors trade on the Tokyo Stock Exchange. | | |
| | 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 Global Advantage and Premium Opportunity Fund | Portfolio Managers’ Report |
|
Geographic Diversification
as of August 31, 2018 (as a percentage of net assets) |
| |||
| | | | ||
| United States | | |
54.7%
|
|
| Japan | | |
8.4%
|
|
| Netherlands | | |
6.0%
|
|
| Australia | | |
4.3%
|
|
| Canada | | |
4.3%
|
|
| United Kingdom | | |
4.1%
|
|
| Austria | | |
2.6%
|
|
| Switzerland | | |
2.3%
|
|
| Hong Kong | | |
2.2%
|
|
| Singapore | | |
2.2%
|
|
| Countries between 0.2% – 2.2%^ | | |
5.1%
|
|
| Assets in Excess of Other Liabilities* | | |
3.8%
|
|
| Net Assets | | |
100.0%
|
|
|
*
Includes short-term investments.
|
| |||
|
^
Includes 7 countries, which each represents 0.2% – 2.2% of net assets.
|
| |||
|
Portfolio holdings are subject to change daily.
|
|
• | investing at least 80% of its managed assets in a portfolio of common stocks of companies located in a number of different countries throughout the world, including the United States; and |
• | utilizing an integrated derivatives strategy. |
| Top Ten Holdings as of August 31, 2018* (as a percentage of net assets) | | |||
| | | | ||
| Microsoft Corp. | | | 5.0% | |
| ConocoPhillips | | | 3.0% | |
| Alphabet, Inc. - Class A | | | 2.9% | |
| VF Corp. | | | 2.5% | |
| AbbVie, Inc. | | | 2.4% | |
| Intel Corp. | | | 2.3% | |
| United Overseas Bank Ltd. | | | 2.2% | |
| Eaton Corp. PLC | | | 2.2% | |
| Koninklijke DSM NV | | | 2.1% | |
| Suncor Energy, Inc. | | | 2.0% | |
| * Excludes short-term investments. | | |||
| Portfolio holdings are subject to change daily. | |
Portfolio Managers’ Report | Voya Global Advantage and Premium Opportunity Fund |
| ASSETS: | | | | | ||||||
| Investments in securities at fair value* | | | | $ | 212,464,111 | | | | ||
| Short-term investments at fair value** | | | | | 6,049,587 | | | | ||
| Cash collateral for futures | | | | | 471,742 | | | | ||
| Cash pledged as collateral for OTC derivatives (Note 2) | | | | | 1,980,000 | | | | ||
| Foreign currencies at value*** | | | | | 75,433 | | | | ||
| Foreign cash collateral for futures**** | | | | | 864,309 | | | | ||
| Receivables: | | | | | | | | | ||
|
Dividends
|
| | | | 612,797 | | | | ||
|
Foreign tax reclaims
|
| | | | 216,203 | | | | ||
| Unrealized appreciation on forward foreign currency contracts | | | | | 418,559 | | | | ||
| Prepaid expenses | | | | | 1,779 | | | | ||
| Other assets | | | | | 11,114 | | | | ||
|
Total assets
|
| | | | 223,165,634 | | | | ||
| LIABILITIES: | | | | | | | | | ||
| Unrealized depreciation on forward foreign currency contracts | | | | | 122,520 | | | | ||
| Cash received as collateral for OTC derivatives (Note 2) | | | | | 50,000 | | | | ||
| Payable for investment management fees | | | | | 159,177 | | | | ||
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 11,114 | | | | ||
| Payable for trustee fees | | | | | 1,099 | | | | ||
| Other accrued expenses and liabilities | | | | | 86,371 | | | | ||
| Written options, at fair value^ | | | | | 1,848,242 | | | | ||
|
Total liabilities
|
| | | | 2,278,523 | | | | ||
|
NET ASSETS
|
| | | $ | 220,887,111 | | | | ||
| NET ASSETS WERE COMPRISED OF: | | | | | | | | | ||
| Paid-in capital | | | | $ | 189,745,506 | | | | ||
| Distributions in excess of net investment income or accumulated net investment loss | | | | | (3,247,062) | | | | ||
| Accumulated net realized gain | | | | | 5,440,469 | | | | ||
| Net unrealized appreciation | | | | | 28,948,198 | | | | ||
|
NET ASSETS
|
| | | $ | 220,887,111 | | | | ||
|
*
Cost of investments in securities
|
| | | $ | 182,985,898 | | | | ||
|
**
Cost of short-term investments
|
| | | $ | 6,049,587 | | | | ||
|
***
Cost of foreign currencies
|
| | | $ | 73,423 | | | | ||
|
****
Cost of foreign cash collateral for futures
|
| | | $ | 864,309 | | | | ||
|
^
Premiums received on written options
|
| | | $ | 1,109,942 | | | | ||
| Net assets | | | | $ | 220,887,111 | | | | ||
| Shares authorized | | | | | unlimited | | | | ||
| Par value | | | | $ | 0.010 | | | | ||
| Shares outstanding | | | | | 18,304,966 | | | | ||
| Net asset value | | | | $ | 12.07 | | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 3,742,982 | | |
|
Total investment income
|
| | | | 3,742,982 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 941,816 | | |
| Transfer agent fees | | | | | 12,096 | | |
| Shareholder reporting expense | | | | | 27,600 | | |
| Professional fees | | | | | 28,520 | | |
| Custody and accounting expense | | | | | 66,056 | | |
| Trustee fees | | | | | 4,396 | | |
| Miscellaneous expense | | | | | 24,794 | | |
| Interest expense | | | | | 330 | | |
|
Total expenses
|
| | | | 1,105,608 | | |
| Net investment income | | | | | 2,637,374 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
|
Investments
|
| | | | 3,070,832 | | |
|
Forward foreign currency contracts
|
| | | | 6,355,430 | | |
|
Foreign currency related transactions
|
| | | | (1,347,141) | | |
|
Futures
|
| | | | (112,822) | | |
|
Written options
|
| | | | 452,042 | | |
|
Net realized gain
|
| | | | 8,418,341 | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
|
Investments
|
| | | | (2,506,945) | | |
|
Forward foreign currency contracts
|
| | | | (191,373) | | |
|
Foreign currency related transactions
|
| | | | (13,795) | | |
|
Futures
|
| | | | 366,108 | | |
|
Written options
|
| | | | (1,509,829) | | |
|
Net change in unrealized appreciation (depreciation)
|
| | | | (3,855,834) | | |
| Net realized and unrealized gain | | | | | 4,562,507 | | |
|
Increase in net assets resulting from operations
|
| | | $ | 7,199,881 | | |
|
*
Foreign taxes withheld
|
| | | $ | 178,944 | | |
| | |
Six Months Ended
August 31, 2018 (Unaudited) |
| |
Year Ended
February 28, 2018 |
| ||||||
FROM OPERATIONS: | | | | | | | | | | | | | |
Net investment income | | | | $ | 2,637,374 | | | | | $ | 3,406,730 | | |
Net realized gain | | | | | 8,418,341 | | | | | | 16,045,746 | | |
Net change in unrealized appreciation (depreciation) | | | | | (3,855,834) | | | | | | 6,136,058 | | |
Increase in net assets resulting from operations | | | | | 7,199,881 | | | | | | 25,588,534 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | |
Net investment income | | | | | (5,005,903) | | | | | | (758,554) | | |
Net realized gains | | | | | (3,231,332) | | | | | | (14,295,298) | | |
Return of capital | | | | | — | | | | | | (1,430,146) | | |
Total distributions | | | | | (8,237,235) | | | | | | (16,483,998) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | |
Cost of shares repurchased, net of commissions | | | | | — | | | | | | (450,687) | | |
Net decrease in net assets resulting from capital share transactions | | | | | — | | | | | | (450,687) | | |
Net increase (decrease) in net assets | | | | | (1,037,354) | | | | | | 8,653,849 | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 221,924,465 | | | | | | 213,270,616 | | |
End of year or period | | | | $ | 220,887,111 | | | | | $ | 221,924,465 | | |
Distributions in excess of net investment income or accumulated net investment loss at end of year or period
|
| | | $ | (3,247,062) | | | | | $ | (878,533) | | |
|
| | |
Per Share Operating Performance
|
| |
Ratios and Supplemental Data
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | |
Income
(loss) from investment operations |
| | | | | | | |
Less Distributions
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratios to
average net assets |
| | ||||||||||||||||||||||||||||||||||||||
| | | 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 |
| |
Total investment return
at net asset value(1) |
| |
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) |
| | Net investment income (loss)(3)(4) | | | Portfolio turnover rate | | ||||||||||||||||||||||||||||||||||||||||||
Year or period ended |
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
($)
|
| |
(%)
|
| |
(%)
|
| |
($000’s)
|
| |
(%)
|
| |
(%)
|
| |
(%)
|
| |
(%)
|
| ||||||||||||||||||||||||||||||||||||||||||
08-31-18+ | | | | | 12.12 | | | | | | 0.14• | | | | | | 0.26 | | | | | | 0.40 | | | | | | 0.27 | | | | | | 0.18 | | | | | | — | | | | | | 0.45 | | | | | | 12.07 | | | | | | 11.62 | | | | |
|
3.59
|
| | | |
|
8.02
|
| | |
220,887
|
| |
1.00
|
| |
1.00
|
| | | | 2.38 | | | | | | 30 | | |
02-28-18 | | | | | 11.62 | | | | | | 0.19• | | | | | | 1.21 | | | | | | 1.40 | | | | | | 0.04 | | | | | | 0.78 | | | | | | 0.08 | | | | | | 0.90 | | | | | | 12.12 | | | | | | 11.19 | | | | |
|
13.07
|
| | | |
|
16.75
|
| | |
221,924
|
| |
0.99
|
| |
0.99
|
| | | | 1.55 | | | | | | 92 | | |
02-28-17 | | | | | 10.71 | | | | | | 0.18 | | | | | | 1.80 | | | | | | 1.98 | | | | | | 0.42 | | | | | | 0.16 | | | | | | 0.49 | | | | | | 1.07 | | | | | | 11.62 | | | | | | 10.39 | | | | |
|
20.77
|
| | | |
|
21.11
|
| | |
213,271
|
| |
1.00
|
| |
1.00
|
| | | | 1.59 | | | | | | 98 | | |
02-29-16 | | | | | 12.93 | | | | | | 0.17 | | | | | | (1.27) | | | | | | (1.10) | | | | | | 0.39 | | | | | | 0.73 | | | | | | — | | | | | | 1.12 | | | | | | 10.71 | | | | | | 9.55 | | | | |
|
(8.48)(5)
|
| | | |
|
(10.96)
|
| | |
196,576
|
| |
1.00
|
| |
1.00
|
| | | | 1.36 | | | | | | 117 | | |
02-28-15 | | | | | 13.09 | | | | | | 0.17 | | | | | | 0.79 | | | | | | 0.96 | | | | | | 0.59 | | | | | | — | | | | | | 0.53 | | | | | | 1.12 | | | | | | 12.93 | | | | | | 11.85 | | | | |
|
8.72
|
| | | |
|
9.52
|
| | |
237,394
|
| |
0.95
|
| |
0.97
|
| | | | 1.32 | | | | | | 17 | | |
02-28-14 | | | | | 12.92 | | | | | | 0.19 | | | | | | 1.10 | | | | | | 1.29 | | | | | | 0.27 | | | | | | — | | | | | | 0.85 | | | | | | 1.12 | | | | | | 13.09 | | | | | | 11.91 | | | | |
|
10.94
|
| | | |
|
3.14
|
| | |
240,301
|
| |
0.99
|
| |
1.00
|
| | | | 1.43 | | | | | | 11 | | |
02-28-13 | | | | | 12.66 | | | | | | 0.21 | | | | | | 1.23 | | | | | | 1.44 | | | | | | 0.44 | | | | | | 0.54 | | | | | | 0.20 | | | | | | 1.18 | | | | | | 12.92 | | | | | | 12.64 | | | | |
|
12.85
|
| | | |
|
17.49
|
| | |
237,034
|
| |
1.07
|
| |
1.00
|
| | | | 1.68 | | | | | | 234 | | |
02-29-12 | | | | | 13.76 | | | | | | 0.22• | | | | | | 0.00* | | | | | | 0.22 | | | | | | 1.32 | | | | | | — | | | | | | — | | | | | | 1.32 | | | | | | 12.66 | | | | | | 11.90 | | | | |
|
2.43
|
| | | |
|
(3.44)
|
| | |
232,156
|
| |
1.00
|
| |
1.00
|
| | | | 1.76 | | | | | | 135 | | |
02-28-11 | | | | | 13.37 | | | | | | 0.20 | | | | | | 1.57 | | | | | | 1.77 | | | | | | 1.38 | | | | | | — | | | | | | — | | | | | | 1.38 | | | | | | 13.76 | | | | | | 13.72 | | | | |
|
14.05
|
| | | |
|
6.32
|
| | |
251,545
|
| |
0.98
|
| |
0.99†
|
| | | | 1.48† | | | | | | 164 | | |
02-28-10 | | | | | 11.29 | | | | | | 0.21• | | | | | | 3.64 | | | | | | 3.85 | | | | | | — | | | | | | — | | | | | | 1.77 | | | | | | 1.77 | | | | | | 13.37 | | | | | | 14.30 | | | | |
|
35.81
|
| | | |
|
57.38
|
| | |
242,426
|
| |
1.01
|
| |
1.00†
|
| | | | 1.61† | | | | | | 141 | | |
02-28-09 | | | | | 17.79 | | | | | | 0.31• | | | | | | (4.95) | | | | | | (4.64) | | | | | | 0.74 | | | | | | — | | | | | | 1.12 | | | | | | 1.86 | | | | | | 11.29 | | | | | | 10.42 | | | | |
|
(26.96)
|
| | | |
|
(28.32)
|
| | |
204,546
|
| |
0.99
|
| |
0.99†
|
| | | | 2.01† | | | | | | 178 | | |
| | |
Number of
Contracts |
| |
Premiums
Received |
| ||||||
Balance at 02/28/2018 | | | | | 78,200 | | | | | $ | 1,241,555 | | |
Options Written | | | | | 306,600 | | | | | | 4,834,198 | | |
Options Expired | | | | | (163,600) | | | | | | (2,580,356) | | |
Options Terminated in Closing Purchase Transactions
|
| | | | (145,500) | | | | | | (2,385,455) | | |
Balance at 08/31/2018 | | | | | 75,700 | | | | | $ | 1,109,942 | | |
|
| | |
Shares
repurchased |
| |
Net increase
(decrease) in shares outstanding |
| |
Shares
repurchased, net of commissions |
| |
Net increase
(decrease) |
| ||||||||||||
Year or period ended |
| |
#
|
| |
#
|
| |
($)
|
| |
($)
|
| ||||||||||||
8/31/2018 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
2/28/2018 | | | | | (42,352) | | | | | | (42,352) | | | | | | (450,687) | | | | | | (450,687) | | |
|
Tax Year Ended
December 31, 2017 |
| |||||||||||||||
|
Ordinary
Income |
| |
Long-term
Capital Gain |
| |
Return of
Capital |
| |||||||||
| | $ | 758,554 | | | | | $ | 14,295,298 | | | | | $ | 1,430,146 | | |
|
Late Year
Ordinary Losses Deferred |
| |
Unrealized
Appreciation/ (Depreciation) |
| |||
|
$(1,286,632)
|
| | | $ | 35,849,983 | | |
|
Per Share
Amount |
| |
Declaration
Date |
| |
Payable
Date |
| |
Record
Date |
| |||||||||
|
$0.225
|
| | | | 9/17/2018 | | | | | | 10/15/2018 | | | | | | 10/2/2018 | | |
Voya Global Advantage and Premium | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunity Fund | as of August 31, 2018 (Unaudited) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: 96.2% | | ||||||||||||||||||
| | | | | | | Australia: 4.3% | | ||||||||||||
| | | 848,715 | | | | Charter Hall Group | | | | $ | 4,350,766 | | | | | | 1.9 | | |
| | | 62,451 | | | | Rio Tinto Ltd. | | | | | 3,263,338 | | | | | | 1.5 | | |
| | | 509,888 | | | | Other Securities | | | | | 1,965,509 | | | | | | 0.9 | | |
| | | | | | | | | | | | 9,579,613 | | | | | | 4.3 | | |
| | | | | | | Austria: 2.6% | | ||||||||||||
| | | 48,041 | | | | Erste Group Bank AG | | | | | 1,913,284 | | | | | | 0.8 | | |
| | | 73,722 | | | | OMV AG | | | | | 3,908,529 | | | | | | 1.8 | | |
| | | | | | | | | | | | 5,821,813 | | | | | | 2.6 | | |
| | | | | | | Canada: 4.3% | | ||||||||||||
| | | 50,738 | | | | National Bank Of Canada | | | | | 2,539,233 | | | | | | 1.1 | | |
| | | 108,594 | | | | Suncor Energy, Inc. | | | | | 4,470,245 | | | | | | 2.0 | | |
| | | 105,925 | | | | Other Securities | | | | | 2,559,599 | | | | | | 1.2 | | |
| | | | | | | | | | | | 9,569,077 | | | | | | 4.3 | | |
| | | | | | | Finland: 0.5% | | ||||||||||||
| | | 26,488 (1) | | | | Other Securities | | | |
|
1,034,740
|
| | | |
|
0.5
|
| |
| | | | | | | France: 0.2% | | ||||||||||||
| | | 17,361 | | | | Other Securities | | | |
|
437,512
|
| | | |
|
0.2
|
| |
| | | | | | | Germany: 0.9% | | ||||||||||||
| | | 27,475 | | | | Other Securities | | | |
|
1,936,202
|
| | | |
|
0.9
|
| |
| | | | | | | Hong Kong: 2.2% | | ||||||||||||
| | | 316,051 | | | | CLP Holdings Ltd. | | | | | 3,714,088 | | | | | | 1.7 | | |
| | | 1,121,500 (2) | | | | WH Group Ltd. | | | | | 846,990 | | | | | | 0.4 | | |
| | | 194,356 | | | | Other Securities | | | | | 384,077 | | | | | | 0.1 | | |
| | | | | | | | | | | | 4,945,155 | | | | | | 2.2 | | |
| | | | | | | Italy: 0.4% | | ||||||||||||
| | | 180,821 | | | | Other Securities | | | |
|
893,970
|
| | | |
|
0.4
|
| |
| | | | | | | Japan: 8.4% | | ||||||||||||
| | | 109,700 | | | | Itochu Corp. | | | | | 1,916,882 | | | | | | 0.9 | | |
| | | 56,400 | | | |
Bandai Namco Holdings, Inc.
|
| | | | 2,185,805 | | | | | | 1.0 | | |
| | | 72,800 | | | | Nippon Telegraph & Telephone Corp. |
| | | | 3,238,944 | | | | | | 1.4 | | |
| | | 190,500 | | | | Obayashi Corp. | | | | | 1,783,378 | | | | | | 0.8 | | |
| | | 78,800 | | | | Taisei Corp. | | | | | 3,519,593 | | | | | | 1.6 | | |
| | | 27,500 | | | | Toyota Motor Corp. | | | | | 1,711,948 | | | | | | 0.8 | | |
| | | 283,700 | | | | Other Securities | | | | | 4,180,133 | | | | | | 1.9 | | |
| | | | | | | | | | | | 18,536,683 | | | | | | 8.4 | | |
| | | | | | | Netherlands: 6.0% | | ||||||||||||
| | | 14,326 (2) | | | | ABN AMRO Group NV | | | | | 387,959 | | | | | | 0.2 | | |
| | | 71,644 | | | | ASR Nederland NV | | | | | 3,425,250 | | | | | | 1.6 | | |
| | | 44,815 | | | | Koninklijke DSM NV | | | | | 4,709,669 | | | | | | 2.1 | | |
| | | 131,992 | | | | Koninklijke Ahold Delhaize NV |
| | | | 3,215,253 | | | | | | 1.5 | | |
| | | 19,419 (2) | | | | Signify NV | | | | | 547,395 | | | | | | 0.2 | | |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Netherlands (continued) | | ||||||||||||
| | | 65,929 | | | | Other Securities | | | | $ | 895,567 | | | | | | 0.4 | | |
| | | | | | | | | | | | 13,181,093 | | | | | | 6.0 | | |
| | | | | | | Norway: 2.2% | | ||||||||||||
| | | 113,895 | | | | Marine Harvest | | | | | 2,459,872 | | | | | | 1.1 | | |
| | | 252,783 | | | | Other Securities | | | | | 2,330,277 | | | | | | 1.1 | | |
| | | | | | | | | | | | 4,790,149 | | | | | | 2.2 | | |
| | | | | | | Singapore: 2.2% | | ||||||||||||
| | | 243,300 | | | | United Overseas Bank Ltd. | | | |
|
4,795,078
|
| | | |
|
2.2
|
| |
| | | | | | | Spain: 0.2% | | ||||||||||||
| | | 10,930 | | | | Other Securities | | | |
|
454,718
|
| | | |
|
0.2
|
| |
| | | | | | | Sweden: 0.7% | | ||||||||||||
| | | 64,229 | | | | Boliden AB | | | |
|
1,681,951
|
| | | |
|
0.7
|
| |
| | | | | | | Switzerland: 2.3% | | ||||||||||||
| | | 2,124 | | | | Partners Group | | | | | 1,667,668 | | | | | | 0.8 | | |
| | | 11,750 | | | | Roche Holding AG | | | | | 2,913,455 | | | | | | 1.3 | | |
| | | 1,361 | | | | Other Securities | | | | | 414,329 | | | | | | 0.2 | | |
| | | | | | | | | | | | 4,995,452 | | | | | | 2.3 | | |
| | | | | | | United Kingdom: 4.1% | | ||||||||||||
| | | 127,917 | | | | GlaxoSmithKline PLC | | | | | 2,590,679 | | | | | | 1.2 | | |
| | | 26,679 | | | | Rio Tinto PLC | | | | | 1,267,045 | | | | | | 0.6 | | |
| | | 765,577 | | | | Other Securities | | | | | 5,165,676 | | | | | | 2.3 | | |
| | | | | | | | | | | | 9,023,400 | | | | | | 4.1 | | |
| | | | | | | United States: 54.7% | | ||||||||||||
| | | 54,825 | | | | AbbVie, Inc. | | | | | 5,262,103 | | | | | | 2.4 | | |
| | | 40,116 | | | | Aflac, Inc. | | | | | 1,854,964 | | | | | | 0.8 | | |
| | | 5,173 (3) | | | | Alphabet, Inc. - Class A | | | | | 6,372,101 | | | | | | 2.9 | | |
| | | 1,669 (3) | | | | Alphabet, Inc. - Class C | | | | | 2,033,159 | | | | | | 0.9 | | |
| | | 12,754 | | | | Apple, Inc. | | | | | 2,903,193 | | | | | | 1.3 | | |
| | | 71,092 | | | | Archer-Daniels-Midland Co. | | | | | 3,583,037 | | | | | | 1.6 | | |
| | | 75,697 | | | | Bank of America Corp. | | | | | 2,341,308 | | | | | | 1.1 | | |
| | | 956 (3) | | | | Booking Holdings, Inc. | | | | | 1,865,682 | | | | | | 0.8 | | |
| | | 17,234 | | | | Caterpillar, Inc. | | | | | 2,392,941 | | | | | | 1.1 | | |
| | | 10,280 | | | | Cigna Corp. | | | | | 1,936,135 | | | | | | 0.9 | | |
| | | 23,435 | | | | Citigroup, Inc. | | | | | 1,669,509 | | | | | | 0.7 | | |
| | | 89,353 | | | | ConocoPhillips | | | | | 6,561,191 | | | | | | 3.0 | | |
| | | 28,718 | | | | Cummins, Inc. | | | | | 4,072,212 | | | | | | 1.8 | | |
| | | 25,994 | | | | Deluxe Corp. | | | | | 1,539,365 | | | | | | 0.7 | | |
| | | 35,603 | | | | Discover Financial Services | | | | | 2,781,306 | | | | | | 1.3 | | |
| | | 57,575 | | | | Eaton Corp. PLC | | | | | 4,786,785 | | | | | | 2.2 | | |
| | | 102,935 | | | | Intel Corp. | | | | | 4,985,142 | | | | | | 2.3 | | |
| | | 36,092 | | | | KLA-Tencor Corp. | | | | | 4,194,251 | | | | | | 1.9 | | |
| | | 36,057 | | | | Las Vegas Sands Corp. | | | | | 2,358,849 | | | | | | 1.1 | | |
Voya Global Advantage and Premium | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunity Fund | as of August 31, 2018 (Unaudited) (continued) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | United States (continued) | | ||||||||||||
| | | 10,430 | | | | Mastercard, Inc. - Class A | | | | $ | 2,248,291 | | | | | | 1.0 | | |
| | | 99,197 | | | | Microsoft Corp. | | | | | 11,142,799 | | | | | | 5.0 | | |
| | | 30,805 | | | | Occidental Petroleum Corp. | | | | | 2,460,395 | | | | | | 1.1 | | |
| | | 82,242 | | | | Pfizer, Inc. | | | | | 3,414,688 | | | | | | 1.5 | | |
| | | 29,488 | | | | PNC Financial Services Group, Inc. |
| | | | 4,232,708 | | | | | | 1.9 | | |
| | | 48,066 | | | | Principal Financial Group, Inc. |
| | | | 2,652,763 | | | | | | 1.2 | | |
| | | 19,691 | | | | Prudential Financial, Inc. | | | | | 1,934,641 | | | | | | 0.9 | | |
| | | 35,464 | | | | Seagate Technology | | | | | 1,898,743 | | | | | | 0.9 | | |
| | | 15,432 | | | | UnitedHealth Group, Inc. | | | | | 4,142,875 | | | | | | 1.9 | | |
| | | 59,244 | | | | VF Corp. | | | | | 5,458,150 | | | | | | 2.5 | | |
| | | 329,962 (1) | | | | Other Securities | | | | | 17,708,219 | | | | | | 8.0 | | |
| | | | | | | | | | | | 120,787,505 | | | | | | 54.7 | | |
| | | | | | |
Total Common Stock
(Cost $182,985,898) |
| | | | 212,464,111 | | | | | | 96.2 | | |
| SHORT-TERM INVESTMENTS: 2.7% | | ||||||||||||||||||
| | | | | | | Mutual Funds: 2.7% | | ||||||||||||
| | | 6,049,587 (4) | | | | BlackRock Liquidity Funds, FedFund, Institutional Class, 1.850% (Cost $6,049,587) |
| | |
|
6,049,587
|
| | | |
|
2.7
|
| |
| | | | | | | Total Short-Term Investments (Cost $6,049,587) |
| | |
|
6,049,587
|
| | | |
|
2.7
|
| |
| | | | | | | Total Investments in Securities (Cost $189,035,485) |
| | | $ | 218,513,698 | | | | | | 98.9 | | |
| | | | | | | Assets in Excess of Other Liabilities |
| | | | 2,373,413 | | | | | | 1.1 | | |
| | | | | | | Net Assets | | | | $ | 220,887,111 | | | | | | 100.0 | | |
|
Sector Diversification
|
| |
Percentage
of Net Assets |
| |||
Financials | | | | | 19.3% | | |
Information Technology | | | | | 17.1 | | |
Consumer Discretionary | | | | | 10.5 | | |
Health Care | | | | | 10.5 | | |
Industrials | | | | | 10.3 | | |
Energy | | | | | 8.6 | | |
Materials | | | | | 6.9 | | |
Consumer Staples | | | | | 6.0 | | |
Real Estate | | | | | 2.6 | | |
Utilities | | | | | 2.6 | | |
Telecommunication Services | | | | | 1.8 | | |
Short-Term Investments | | | | | 2.7 | | |
Assets in Excess of Other Liabilities | | | | | 1.1 | | |
Net Assets | | | | | 100.0% | | |
|
Voya Global Advantage and Premium | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunity 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 |
| ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia
|
| | | $ | — | | | | | $ | 9,579,613 | | | | | $ | — | | | | | $ | 9,579,613 | | |
Austria
|
| | | | — | | | | | | 5,821,813 | | | | | | — | | | | | | 5,821,813 | | |
Canada
|
| | | | 9,569,077 | | | | | | — | | | | | | — | | | | | | 9,569,077 | | |
Finland
|
| | | | — | | | | | | 1,034,740 | | | | | | — | | | | | | 1,034,740 | | |
France
|
| | | | — | | | | | | 437,512 | | | | | | — | | | | | | 437,512 | | |
Germany
|
| | | | — | | | | | | 1,936,202 | | | | | | — | | | | | | 1,936,202 | | |
Hong Kong
|
| | | | — | | | | | | 4,945,155 | | | | | | — | | | | | | 4,945,155 | | |
Italy
|
| | | | — | | | | | | 893,970 | | | | | | — | | | | | | 893,970 | | |
Japan
|
| | | | — | | | | | | 18,536,683 | | | | | | — | | | | | | 18,536,683 | | |
Netherlands
|
| | | | — | | | | | | 13,181,093 | | | | | | — | | | | | | 13,181,093 | | |
Norway
|
| | | | — | | | | | | 4,790,149 | | | | | | — | | | | | | 4,790,149 | | |
Singapore
|
| | | | — | | | | | | 4,795,078 | | | | | | — | | | | | | 4,795,078 | | |
Spain
|
| | | | — | | | | | | 454,718 | | | | | | — | | | | | | 454,718 | | |
Sweden
|
| | | | — | | | | | | 1,681,951 | | | | | | — | | | | | | 1,681,951 | | |
Switzerland
|
| | | | — | | | | | | 4,995,452 | | | | | | — | | | | | | 4,995,452 | | |
United Kingdom
|
| | | | — | | | | | | 9,023,400 | | | | | | — | | | | | | 9,023,400 | | |
United States
|
| | | | 120,787,505 | | | | | | — | | | | | | — | | | | | | 120,787,505 | | |
Total Common Stock | | | | | 130,356,582 | | | | | | 82,107,529 | | | | | | — | | | | | | 212,464,111 | | |
Short-Term Investments | | | | | 6,049,587 | | | | | | — | | | | | | — | | | | | | 6,049,587 | | |
Total Investments, at fair value | | | | $ | 136,406,169 | | | | | $ | 82,107,529 | | | | | $ | — | | | | | $ | 218,513,698 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | | — | | | | | | 418,559 | | | | | | — | | | | | | 418,559 | | |
Futures | | | | | 168,342 | | | | | | — | | | | | | — | | | | | | 168,342 | | |
Total Assets | | | | $ | 136,574,511 | | | | | $ | 82,526,088 | | | | | $ | — | | | | | $ | 219,100,599 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | (122,520) | | | | | $ | — | | | | | $ | (122,520) | | |
Futures | | | | | (254,404) | | | | | | — | | | | | | — | | | | | | (254,404) | | |
Written Options | | | | | — | | | | | | (1,848,242) | | | | | | — | | | | | | (1,848,242) | | |
Total Liabilities | | | | $ | (254,404) | | | | | $ | (1,970,762) | | | | | $ | — | | | | | $ | (2,225,166) | | |
|
Voya Global Advantage and Premium | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunity Fund | as of August 31, 2018 (Unaudited) (continued) |
Currency Purchased
|
| |
Currency Sold
|
| |
Counterparty
|
| |
Settlement Date
|
| |
Unrealized
Appreciation (Depreciation) |
| ||||||
USD 19,213,317 | | | JPY 2,135,499,715 | | |
BNP Paribas S.A.
|
| | | | 09/28/18 | | | | | $ | (38,793) | | |
USD 9,715,821 | | | CAD 12,553,601 | | |
BNP Paribas S.A.
|
| | | | 09/28/18 | | | | | | 91,778 | | |
USD 5,007,029 | | | CHF 4,867,057 | | |
Morgan Stanley & Co. International PLC
|
| | | | 09/28/18 | | | | | | (24,785) | | |
USD 4,814,110 | | | NOK 40,178,019 | | |
Societe Generale
|
| | | | 09/28/18 | | | | | | 18,546 | | |
USD 9,883,926 | | | AUD 13,550,415 | | |
Societe Generale
|
| | | | 09/28/18 | | | | | | 142,728 | | |
USD 4,877,807 | | | SGD 6,662,316 | | |
Societe Generale
|
| | | | 09/28/18 | | | | | | 22,280 | | |
USD 9,468,466 | | | GBP 7,341,705 | | |
Societe Generale
|
| | | | 09/28/18 | | | | | | (58,942) | | |
USD 24,005,495 | | | EUR 20,521,034 | | |
Societe Generale
|
| | | | 09/28/18 | | | | | | 143,087 | | |
USD 4,988,572 | | | HKD 39,137,391 | | |
Societe Generale
|
| | | | 09/28/18 | | | | | | 140 | | |
| | | | | | | | | | | | | | | | $ | 296,039 | | |
|
Description
|
| |
Number of
Contracts |
| |
Expiration
Date |
| |
Notional
Value |
| |
Unrealized
Appreciation/ (Depreciation) |
| ||||||||||||
Long Contracts: | | | | | | | | | | | | | | | | | | | | | | | | | |
EURO STOXX 50® Index
|
| | | | 170 | | | | | | 09/21/18 | | | | | $ | 6,687,444 | | | | | $ | (37,721) | | |
FTSE 100 Index
|
| | | | 91 | | | | | | 09/21/18 | | | | | | 8,758,576 | | | | | | (110,489) | | |
Nikkei 225 Index
|
| | | | 95 | | | | | | 09/13/18 | | | | | | 9,762,060 | | | | | | 168,342 | | |
| | | | | | | | | | | | | | | | $ | 25,208,080 | | | | | $ | 20,132 | | |
Short Contracts: | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini
|
| | | | (40) | | | | | | 09/21/18 | | | | | | (5,804,200) | | | | | | (106,194) | | |
| | | | | | | | | | | | | | | | $ | (5,804,200) | | | | | $ | (106,194) | | |
|
Description
|
| |
Counterparty
|
| |
Put/Call
|
| |
Expiration
Date |
| |
Exercise
Price |
| |
Number of
Contracts |
| |
Notional
Amount |
| |
Premiums
Received |
| |
Fair Value
|
| |||||||||||||||
EURO STOXX 50® Index | | |
Morgan Stanley &
Co. International PLC |
| |
Call
|
| | | | 09/07/18 | | | |
3,508.000 EUR
|
| | | | 1,000 | | | | | | 3,392,900 | | | | | $ | 44,305 | | | | | $ | (771) | | |
EURO STOXX 50® Index | | |
Societe Generale
|
| |
Call
|
| | | | 09/21/18 | | | |
3,517.000 EUR
|
| | | | 1,000 | | | | | | 3,392,900 | | | | | | 41,825 | | | | | | (3,165) | | |
EURO STOXX 50® Index | | |
Societe Generale
|
| |
Call
|
| | | | 10/05/18 | | | |
3,420.000 EUR
|
| | | | 1,100 | | | | | | 3,732,190 | | | | | | 50,345 | | | | | | (51,341) | | |
FTSE 100 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 09/07/18 | | | |
7,706.000 GBP
|
| | | | 500 | | | | | | 3,716,210 | | | | | | 49,854 | | | | | | (593) | | |
FTSE 100 Index | | |
Morgan Stanley &
Co. International PLC |
| |
Call
|
| | | | 09/21/18 | | | |
7,673.000 GBP
|
| | | | 500 | | | | | | 3,716,210 | | | | | | 48,201 | | | | | | (7,165) | | |
FTSE 100 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 10/05/18 | | | |
7,621.322 GBP
|
| | | | 500 | | | | | | 3,716,210 | | | | | | 51,409 | | | | | | (19,823) | | |
Nikkei 225 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 09/07/18 | | | |
22,997.000 JPY
|
| | | | 15,400 | | | | | | 352,123,310 | | | | | | 44,034 | | | | | | (14,154) | | |
Nikkei 225 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 09/21/18 | | | |
22,714.090 JPY
|
| | | | 14,800 | | | | | | 338,404,220 | | | | | | 42,013 | | | | | | (49,807) | | |
Nikkei 225 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 10/05/18 | | | |
22,395.000 JPY
|
| | | | 14,800 | | | | | | 338,404,220 | | | | | | 38,846 | | | | | | (74,688) | | |
S&P 500® Index | | |
Societe Generale
|
| |
Call
|
| | | | 09/07/18 | | | |
2,828.000 USD
|
| | | | 8,700 | | | | | | 25,243,224 | | | | | | 226,200 | | | | | | (651,538) | | |
S&P 500® Index | | |
Societe Generale
|
| |
Call
|
| | | | 09/21/18 | | | |
2,862.720 USD
|
| | | | 8,800 | | | | | | 25,533,376 | | | | | | 217,430 | | | | | | (454,890) | | |
S&P 500® Index | | |
Societe Generale
|
| |
Call
|
| | | | 10/05/18 | | | |
2,863.000 USD
|
| | | | 8,600 | | | | | | 24,953,072 | | | | | | 255,480 | | | | | | (520,307) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 1,109,942 | | | | | $ | (1,848,242) | | |
|
Voya Global Advantage and Premium | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunity Fund | as of August 31, 2018 (Unaudited) (continued) |
Derivatives not accounted for as hedging instruments
|
| |
Location on Statement
of Assets and Liabilities |
| |
Fair Value
|
||
Asset Derivatives | | | | | | | | |
Foreign exchange contracts | | |
Unrealized appreciation on forward foreign currency contracts
|
| | | $ | 418,559 |
Equity contracts | | |
Net Assets — Unrealized appreciation*
|
| | | | 168,342 |
Total Asset Derivatives
|
| | | | | | $ | 586,901 |
Liability Derivatives | | | | | | | | |
Foreign exchange contracts | | |
Unrealized depreciation on forward foreign currency contracts
|
| | | $ | 122,520 |
Equity contracts | | |
Net Assets — Unrealized depreciation*
|
| | | | 254,404 |
Equity contracts | | |
Written options, at fair value
|
| | | | 1,848,242 |
Total Liability Derivatives
|
| | | | | | $ | 2,225,166 |
|
Derivatives not accounted for as hedging instruments
|
| |
Forward foreign
currency contracts |
| |
Futures
|
| |
Written options
|
| |
Total
|
| ||||||||||||
Equity contracts | | | | $ | — | | | | | $ | (112,822) | | | | | $ | 452,042 | | | | | $ | 339,220 | | |
Foreign exchange contracts | | | | | 6,355,430 | | | | | | — | | | | | | — | | | | | | 6,355,430 | | |
Total
|
| | | $ | 6,355,430 | | | | | $ | (112,822) | | | | | $ | 452,042 | | | | | $ | 6,694,650 | | |
|
Derivatives not accounted for as hedging instruments
|
| |
Forward foreign
currency contracts |
| |
Futures
|
| |
Written options
|
| |
Total
|
| ||||||||||||
Equity contracts | | | | $ | — | | | | | $ | 366,108 | | | | | $ | (1,509,829) | | | | | $ | (1,143,721) | | |
Foreign exchange contracts | | | | | (191,373) | | | | | | — | | | | | | — | | | | | | (191,373) | | |
Total
|
| | | $ | (191,373) | | | | | $ | 366,108 | | | | | $ | (1,509,829) | | | | | $ | (1,335,094) | | |
|
| | |
BNP Paribas S.A.
|
| |
Morgan Stanley & Co.
International PLC |
| |
Societe Generale
|
| |
Totals
|
| ||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | 91,778 | | | | | $ | — | | | | | $ | 326,781 | | | | | $ | 418,559 | | |
Total Assets
|
| | | $ | 91,778 | | | | | $ | — | | | | | $ | 326,781 | | | | | $ | 418,559 | | |
|
Voya Global Advantage and Premium | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunity Fund | as of August 31, 2018 (Unaudited) (continued) |
| | |
BNP Paribas S.A.
|
| |
Morgan Stanley & Co.
International PLC |
| |
Societe Generale
|
| |
Totals
|
| ||||||||||||
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | 38,793 | | | | | $ | 24,785 | | | | | $ | 58,942 | | | | | $ | 122,520 | | |
Written options | | | | | 159,065 | | | | | | 7,936 | | | | | | 1,681,241 | | | | | | 1,848,242 | | |
Total Liabilities
|
| | | $ | 197,858 | | | | | $ | 32,721 | | | | | $ | 1,740,183 | | | | | $ | 1,970,762 | | |
Net OTC derivative instruments by counterparty, at fair value
|
| | | $ | (106,080) | | | | | $ | (32,721) | | | | | $ | (1,413,402) | | | | | $ | (1,552,203) | | |
Total collateral pledged by the Fund/(Received from counterparty)
|
| | | $ | — | | | | | $ | — | | | | | $ | 1,413,402 | | | | | $ | 1,413,402 | | |
Net Exposure(1)(2)
|
| | | $ | (106,080) | | | | | $ | (32,721) | | | | | $ | — | | | | | $ | (138,801) | | |
|
| Cost for federal income tax purposes was $189,128,768. | | | | | | | |
| Net unrealized appreciation consisted of: | | | | | | | |
|
Gross Unrealized Appreciation
|
| | | $ | 36,755,835 | | |
|
Gross Unrealized Depreciation
|
| | | | (8,073,130) | | |
|
Net Unrealized Appreciation
|
| | | $ | 28,682,705 | | |
|
| Supplemental Option Information (Unaudited) | | | | | | | |
| Supplemental Call Option Statistics as of August 31, 2018: | | | | | | | |
| % of Total Net Assets against which calls written | | | | | 50.20% | | |
| Average Days to Expiration at time written | | | | $ | 49 | | |
| Average Call Moneyness* at time written | | | |