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: 811-21553
Voya Global Equity Dividend 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):
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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. | | |
| | Chicago Board Options Exchange BuyWrite Monthly Index (“CBOE BuyWrite Monthly Index”) | | | | A passive total return index based on selling the near-term, at-the-money S&P 500® Index call option against the S&P 500® stock index portfolio each month, on the day the current contract expires. | | |
| | 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 Equity Dividend and Premium Opportunity 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 | | |
51.0%
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| France | | |
11.9%
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| United Kingdom | | |
6.9%
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| Japan | | |
5.9%
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| Switzerland | | |
4.3%
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| Canada | | |
2.5%
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| Netherlands | | |
2.2%
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| Italy | | |
2.2%
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| Spain | | |
1.9%
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| Germany | | |
1.4%
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| Countries between 1.2% – 1.4%^ | | |
3.9%
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Assets in Excess of Other Liabilities*,*
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5.9%
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| Net Assets | | |
100.0%
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*
Includes short-term investments.
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*
Includes purchased options.
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^
Includes 3 countries, which each represents 1.2% – 1.4% 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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| Apple, Inc. | | | 3.4% | |
| Microsoft Corp. | | | 3.0% | |
| Cisco Systems, Inc. | | | 2.6% | |
| Citigroup, Inc. | | | 2.1% | |
| Cie de Saint-Gobain | | | 2.0% | |
| General Electric Co. | | | 2.0% | |
| Walmart, Inc. | | | 1.9% | |
| Qualcomm, Inc. | | | 1.8% | |
| Vodafone Group PLC | | | 1.8% | |
| Oracle Corp. | | | 1.7% | |
| * Excludes short-term investments. | | |||
| Portfolio holdings are subject to change daily. | |
Portfolio Managers’ Report | Voya Global Equity Dividend and Premium Opportunity Fund |
| ASSETS: | | ||||||
| Investments in securities at fair value* | | | | $ | 697,352,630 | | |
| Short-term investments at fair value** | | | | | 35,514,721 | | |
| Cash collateral for futures | | | | | 1,600,326 | | |
| Cash pledged as collateral for OTC derivatives (Note 2) | | | | | 7,470,000 | | |
| Foreign currencies at value*** | | | | | 38,141 | | |
| Foreign cash collateral for futures**** | | | | | 2,933,881 | | |
| Receivables: | | | | | | | |
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Investment securities sold
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| | | | 1,024,333 | | |
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Dividends
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| | | | 2,278,814 | | |
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Foreign tax reclaims
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| | | | 351,367 | | |
| Prepaid expenses | | | | | 6,288 | | |
| Reimbursement due from manager | | | | | 100,299 | | |
| Other assets | | | | | 47,115 | | |
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Total assets
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| | | | 748,717,915 | | |
| LIABILITIES: | | | | | | | |
| Payable for investment management fees | | | | | 726,605 | | |
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 47,115 | | |
| Payable for trustee fees | | | | | 3,754 | | |
| Other accrued expenses and liabilities | | | | | 181,801 | | |
| Written options, at fair value^ | | | | | 6,567,448 | | |
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Total liabilities
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| | | | 7,526,723 | | |
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NET ASSETS
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| | | $ | 741,191,192 | | |
| NET ASSETS WERE COMPRISED OF: | | | | | | | |
| Paid-in capital | | | | $ | 770,779,005 | | |
| Undistributed net investment income | | | | | 256,136 | | |
| Accumulated net realized gain | | | | | 694,324 | | |
| Net unrealized depreciation | | | | | (30,538,273) | | |
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NET ASSETS
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| | | $ | 741,191,192 | | |
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*
Cost of investments in securities
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| | | $ | 725,378,037 | | |
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**
Cost of short-term investments
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| | | $ | 35,514,721 | | |
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***
Cost of foreign currencies
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| | | $ | 52,209 | | |
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****
Cost of foreign cash collateral for futures
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| | | $ | 2,933,881 | | |
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^
Premiums received on written options
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| | | $ | 4,341,593 | | |
| Net assets | | | | $ | 741,191,192 | | |
| Shares authorized | | | | | unlimited | | |
| Par value | | | | $ | 0.010 | | |
| Shares outstanding | | | | | 97,077,421 | | |
| Net asset value | | | | $ | 7.64 | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 13,360,077 | | |
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Total investment income
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| | | | 13,360,077 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 4,353,378 | | |
| Transfer agent fees | | | | | 11,541 | | |
| Shareholder reporting expense | | | | | 160,165 | | |
| Professional fees | | | | | 34,308 | | |
| Custody and accounting expense | | | | | 69,800 | | |
| Trustee fees | | | | | 15,019 | | |
| Miscellaneous expense | | | | | 65,654 | | |
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Total expenses
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| | | | 4,709,865 | | |
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Waived and reimbursed fees
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| | | | (161,066) | | |
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Net expenses
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| | | | 4,548,799 | | |
| Net investment income | | | | | 8,811,278 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
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Investments
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| | | | 10,589,955 | | |
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Foreign currency related transactions
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| | | | (82,055) | | |
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Futures
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| | | | (462,700) | | |
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Written options
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| | | | 2,151,886 | | |
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Net realized gain
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| | | | 12,197,086 | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
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Investments
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| | | | (19,880,675) | | |
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Foreign currency related transactions
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| | | | 10,307 | | |
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Futures
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| | | | 1,324,129 | | |
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Written options
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| | | | (4,848,716) | | |
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Net change in unrealized appreciation (depreciation)
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| | | | (23,394,955) | | |
| Net realized and unrealized loss | | | | | (11,197,869) | | |
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Decrease in net assets resulting from operations
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| | | $ | (2,386,591) | | |
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*
Foreign taxes withheld
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| | | $ | 1,208,290 | | |
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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 | | | | $ | 8,811,278 | | | | | $ | 14,840,572 | | |
Net realized gain | | | | | 12,197,086 | | | | | | 16,131,693 | | |
Net change in unrealized appreciation (depreciation) | | | | | (23,394,955) | | | | | | 41,907,492 | | |
Increase (decrease) in net assets resulting from operations | | | | | (2,386,591) | | | | | | 72,879,757 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | |
Net investment income | | | | | (8,877,909) | | | | | | (29,372,489) | | |
Net realized gains | | | | | (8,944,140) | | | | | | — | | |
Return of capital | | | | | (17,708,277) | | | | | | (41,688,183) | | |
Total distributions | | | | | (35,530,326) | | | | | | (71,060,672) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | |
Net increase (decrease) in net assets | | | | | (37,916,917) | | | | | | 1,819,085 | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 779,108,109 | | | | | | 777,289,024 | | |
End of year or period | | | | $ | 741,191,192 | | | | | $ | 779,108,109 | | |
Undistributed net investment income at end of year or period | | | | $ | 256,136 | | | | | $ | 322,767 | | |
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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 (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 | | | Adjustment to paid-in capital for offering costs |
| | 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) |
| | Net investment income (loss)(3)(4) | | | 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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(%)
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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+ | | | | | 8.03 | | | | | | 0.09• | | | | | | (0.12) | | | | | | (0.03) | | | | | | 0.09 | | | | | | 0.09 | | | | | | 0.18 | | | | | | 0.36 | | | | | | — | | | | | | 7.64 | | | | |
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7.42
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(0.03)
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3.12
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741,191
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1.24
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| | | | 1.20 | | | | | | 2.33 | | | | | | 13 | | |
02-28-18 | | | | | 8.01 | | | | | | 0.15 | | | | | | 0.60 | | | | | | 0.75 | | | | | | 0.30 | | | | | | — | | | | | | 0.43 | | | | | | 0.73 | | | | | | — | | | | | | 8.03 | | | | |
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7.56
|
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10.28
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14.08
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779,108
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1.23
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| | | | 1.20 | | | | | | 1.87 | | | | | | 33 | | |
02-28-17 | | | | | 7.52 | | | | | | 0.19 | | | | | | 1.18 | | | | | | 1.37 | | | | | | 0.62 | | | | | | — | | | | | | 0.26 | | | | | | 0.88 | | | | | | — | | | | | | 8.01 | | | | |
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7.29
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|
20.78
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26.97
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777,289
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1.23
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| | | | 1.20 | | | | | | 2.39 | | | | | | 31 | | |
02-29-16 | | | | | 9.31 | | | | | | 0.18 | | | | | | (1.06) | | | | | | (0.88) | | | | | | 0.77 | | | | | | — | | | | | | 0.14 | | | | | | 0.91 | | | | | | — | | | | | | 7.52 | | | | |
|
6.51
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|
(8.90)(5)
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(13.92)
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733,729
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1.23
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| | | | 1.20 | | | | | | 2.10 | | | | | | 29 | | |
02-28-15 | | | | | 10.05 | | | | | | 0.22 | | | | | | (0.05) | | | | | | 0.17 | | | | | | 0.91 | | | | | | — | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 9.31 | | | | |
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8.53
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2.47
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3.92
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908,601
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1.22
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| | | | 1.20 | | | | | | 2.23 | | | | | | 31 | | |
02-28-14 | | | | | 9.82 | | | | | | 0.27 | | | | | | 0.92 | | | | | | 1.19 | | | | | | 0.69 | | | | | | — | | | | | | 0.27 | | | | | | 0.96 | | | | | | — | | | | | | 10.05 | | | | |
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9.08
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13.65
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9.95
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979,929
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1.22
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| | | | 1.20 | | | | | | 2.70 | | | | | | 48 | | |
02-28-13 | | | | | 10.01 | | | | | | 0.27 | | | | | | 0.61 | | | | | | 0.88 | | | | | | 0.25 | | | | | | — | | | | | | 0.82 | | | | | | 1.07 | | | | | | — | | | | | | 9.82 | | | | |
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9.17
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10.34
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| | |
7.88
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958,153
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1.23
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| | | | 1.18 | | | | | | 2.78 | | | | | | 75 | | |
02-29-12 | | | | | 11.39 | | | | | | 0.36• | | | | | | (0.55) | | | | | | (0.19) | | | | | | 0.26 | | | | | | — | | | | | | 0.93 | | | | | | 1.19 | | | | | | — | | | | | | 10.01 | | | | |
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9.56
|
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|
(1.13)
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(3.28)
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976,685
|
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1.24
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| | | | 1.14 | | | | | | 3.45 | | | | | | 90 | | |
02-28-11 | | | | | 11.58 | | | | | | 0.35 | | | | | | 0.76 | | | | | | 1.11 | | | | | | 0.82 | | | | | | — | | | | | | 0.48 | | | | | | 1.30 | | | | | | — | | | | | | 11.39 | | | | |
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11.12
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10.44
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| | |
0.29
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1,108,699
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1.22
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| | | | 1.07 | | | | | | 3.16 | | | | | | 58 | | |
02-28-10 | | | | | 9.81 | | | | | | 0.38 | | | | | | 3.17 | | | | | | 3.55 | | | | | | 0.30 | | | | | | — | | | | | | 1.48 | | | | | | 1.78 | | | | | | — | | | | | | 11.58 | | | | |
|
12.45
|
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|
38.12
|
| | |
78.96
|
| |
1,117,910
|
| |
1.23
|
| | | | 1.03 | | | | | | 3.34 | | | | | | 72 | | |
02-28-09 | | | | | 17.39 | | | | | | 0.68• | | | | | | (6.39) | | | | | | (5.71) | | | | | | 0.95 | | | | | | — | | | | | | 0.92 | | | | | | 1.87 | | | | | | — | | | | | | 9.81 | | | | |
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8.14
|
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|
(34.02)
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| | |
(45.09)
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| |
947,889
|
| |
1.22
|
| | | | 1.02 | | | | | | 4.76 | | | | | | 84 | | |
|
August 31,
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|
2019
|
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2020
|
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2021
|
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Total
|
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|
$ 187,559
|
| | | $ | 191,897 | | | | | $ | 244,156 | | | | | $ | 623,612 | | |
| | |
Notional
Amount |
| |
Cost
|
| ||||||
Balance at 02/28/2018 | | | | $ | 140,000,000 | | | | | $ | 667,000 | | |
Options Purchased | | | | | 244,750,000 | | | | | | 1,160,313 | | |
Options Expired | | | | | (109,000,000) | | | | | | (489,650) | | |
Options Terminated in Closing Sell Transactions
|
| | | | (153,000,000) | | | | | | (744,650) | | |
Balance at 08/31/2018 | | | | $ | 122,750,000 | | | | | $ | 593,013 | | |
|
| | |
Notional
Amount |
| |
Premiums
Received |
| ||||||
Balance at 02/28/2018 | | | | $ | 140,000,000 | | | | | $ | 667,000 | | |
Options Written | | | | | 244,750,000 | | | | | | 1,160,313 | | |
Options Expired | | | | | (128,000,000) | | | | | | (585,400) | | |
Options Terminated in Closing Purchase Transactions
|
| | | | (134,000,000) | | | | | | (648,900) | | |
Balance at 08/31/2018 | | | | $ | 122,750,000 | | | | | $ | 593,013 | | |
|
| | |
Number of
Contracts |
| |
Premiums
Received |
| ||||||
Balance at 02/28/2018 | | | | | 278,700 | | | | | $ | 4,422,089 | | |
Options Written | | | | | 1,048,200 | | | | | | 16,546,192 | | |
Options Expired | | | | | (570,600) | | | | | | (9,006,482) | | |
Options Terminated in Closing Purchase Transactions
|
| | | | (500,900) | | | | | | (8,213,219) | | |
Balance at 08/31/2018 | | | | | 255,400 | | | | | $ | 3,748,580 | | |
|
|
Tax Year Ended
December 31, 2017 |
| ||||||
|
Ordinary
Income |
| |
Return
of Capital |
| |||
|
$31,698,016
|
| | | $ | 39,362,656 | | |
|
Unrealized
Appreciation/ (Depreciation) |
|
|
$5,599,297
|
|
|
Per Share
Amount |
| |
Declaration
Date |
| |
Payable
Date |
| |
Record
Date |
| |||||||||
|
$ 0.061
|
| | | | 8/15/2018 | | | | | | 9/17/2018 | | | | | | 9/5/2018 | | |
|
$ 0.061
|
| | | | 9/17/2018 | | | | | | 10/15/2018 | | | | | | 10/2/2018 | | |
|
$ 0.061
|
| | | | 10/15/2018 | | | | | | 11/15/2018 | | | | | | 11/2/2018 | | |
Voya Global Equity Dividend and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2018 (Unaudited) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: 94.1% | | ||||||||||||||||||
| | | | | | | Canada: 2.5% | | ||||||||||||
| | | 73,547 | | | | Canadian Imperial Bank of Commerce - XTSE |
| | | $ | 6,892,566 | | | | | | 0.9 | | |
| | | 425,114 | | | | Shaw Communications, Inc. - Class B |
| | | | 8,573,947 | | | | | | 1.2 | | |
| | | 64,581 | | | | Other Securities | | | | | 2,750,507 | | | | | | 0.4 | | |
| | | | | | | | | | | | 18,217,020 | | | | | | 2.5 | | |
| | | | | | | France: 11.9% | | ||||||||||||
| | | 179,393 | | | | BNP Paribas | | | | | 10,561,424 | | | | | | 1.4 | | |
| | | 208,694 | | | | Casino Guichard Perrachon S.A. |
| | | | 6,647,779 | | | | | | 0.9 | | |
| | | 345,731 | | | | Cie de Saint-Gobain | | | | | 14,907,558 | | | | | | 2.0 | | |
| | | 114,700 | | | | Danone | | | | | 9,032,634 | | | | | | 1.2 | | |
| | | 748,790 | | | | Engie SA | | | | | 10,990,697 | | | | | | 1.5 | | |
| | | 110,797 | | | | Sanofi | | | | | 9,514,533 | | | | | | 1.3 | | |
| | | 188,700 | | | | Total SA | | | | | 11,832,998 | | | | | | 1.6 | | |
| | | 95,025 | | | | Vinci SA | | | | | 9,080,097 | | | | | | 1.2 | | |
| | | 341,200 | | | | Other Securities | | | | | 5,523,913 | | | | | | 0.8 | | |
| | | | | | | | | | | | 88,091,633 | | | | | | 11.9 | | |
| | | | | | | Germany: 1.4% | | ||||||||||||
| | | 501,467 | | | | Other Securities | | | |
|
10,470,985
|
| | | |
|
1.4
|
| |
| | | | | | | Ireland: 1.4% | | ||||||||||||
| | | 106,900 | | | | Medtronic PLC | | | |
|
10,306,229
|
| | | |
|
1.4
|
| |
| | | | | | | Italy: 2.2% | | ||||||||||||
| | | 986,335 | | | | Other Securities | | | |
|
16,224,586
|
| | | |
|
2.2
|
| |
| | | | | | | Japan: 5.9% | | ||||||||||||
| | | 1,928,200 | | | | Mitsubishi UFJ Financial Group, Inc. |
| | | | 11,655,361 | | | | | | 1.6 | | |
| | | 968,800 | | | | Nissan Motor Co., Ltd. | | | | | 9,075,443 | | | | | | 1.2 | | |
| | | 300,300 | | | | Sumitomo Mitsui Financial Group, Inc. |
| | | | 11,805,832 | | | | | | 1.6 | | |
| | | 178,700 | | | | Other Securities | | | | | 10,913,771 | | | | | | 1.5 | | |
| | | | | | | | | | | | 43,450,407 | | | | | | 5.9 | | |
| | | | | | | Netherlands: 2.2% | | ||||||||||||
| | | 343,667 | | | | Royal Dutch Shell PLC | | | | | 11,177,239 | | | | | | 1.5 | | |
| | | 179,444 | | | | Other Securities | | | | | 5,412,239 | | | | | | 0.7 | | |
| | | | | | | | | | | | 16,589,478 | | | | | | 2.2 | | |
| | | | | | | Singapore: 1.2% | | ||||||||||||
| | | 2,568,300 | | | | Other Securities | | | |
|
8,640,442
|
| | | |
|
1.2
|
| |
| | | | | | | Spain: 1.9% | | ||||||||||||
| | | 977,843 | | | | Telefonica S.A. | | | | | 7,911,426 | | | | | | 1.1 | | |
| | | 149,400 | | | | Other Securities | | | | | 6,215,445 | | | | | | 0.8 | | |
| | | | | | | | | | | | 14,126,871 | | | | | | 1.9 | | |
| | | | | | | Sweden: 1.3% | | ||||||||||||
| | | 1,128,700 | | | | Telefonaktiebolaget LM Ericsson |
| | |
|
9,523,751
|
| | | |
|
1.3
|
| |
| | | | | | | Switzerland: 4.3% | | ||||||||||||
| | | 2,120,200 | | | | Glencore PLC | | | | | 8,637,818 | | | | | | 1.2 | | |
| | | 49,181 | | | | Roche Holding AG | | | | | 12,194,610 | | | | | | 1.6 | | |
| | | 367,679 | | | | Other Securities | | | | | 11,269,177 | | | | | | 1.5 | | |
| | | | | | | | | | | | 32,101,605 | | | | | | 4.3 | | |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | United Kingdom: 6.9% | | ||||||||||||
| | | 2,196,600 | | | | Kingfisher PLC | | | | $ | 7,808,865 | | | | | | 1.1 | | |
| | | 104,600 | | | | Reckitt Benckiser Group PLC |
| | | | 8,910,026 | | | | | | 1.2 | | |
| | | 1,316,900 | | | | Standard Chartered PLC | | | | | 10,735,316 | | | | | | 1.4 | | |
| | | 6,194,854 | | | | Vodafone Group PLC | | | | | 13,200,194 | | | | | | 1.8 | | |
| | | 2,661,763 | | | | Other Securities | | | | | 10,717,431 | | | | | | 1.4 | | |
| | | | | | | | | | | | 51,371,832 | | | | | | 6.9 | | |
| | | | | | | United States: 51.0% | | ||||||||||||
| | | 50,500 | | | | Allergan PLC | | | | | 9,681,355 | | | | | | 1.3 | | |
| | | 50,306 | | | | Amgen, Inc. | | | | | 10,051,642 | | | | | | 1.4 | | |
| | | 110,651 | | | | Apple, Inc. | | | | | 25,187,487 | | | | | | 3.4 | | |
| | | 208,838 | | | | Bristol-Myers Squibb Co. | | | | | 12,645,141 | | | | | | 1.7 | | |
| | | 139,100 | | | | Carnival Corp. | | | | | 8,553,259 | | | | | | 1.2 | | |
| | | 405,139 | | | | Cisco Systems, Inc. | | | | | 19,353,490 | | | | | | 2.6 | | |
| | | 219,300 | | | | Citigroup, Inc. | | | | | 15,622,932 | | | | | | 2.1 | | |
| | | 172,500 | | | | ConocoPhillips | | | | | 12,666,675 | | | | | | 1.7 | | |
| | | 62,125 | | | | Eli Lilly & Co. | | | | | 6,563,506 | | | | | | 0.9 | | |
| | | 114,348 | | | | Exxon Mobil Corp. | | | | | 9,167,279 | | | | | | 1.2 | | |
| | | 1,144,631 | | | | General Electric Co. | | | | | 14,811,525 | | | | | | 2.0 | | |
| | | 127,600 | | | | Gilead Sciences, Inc. | | | | | 9,663,148 | | | | | | 1.3 | | |
| | | 83,931 | | | | International Business Machines Corp. |
| | | | 12,294,213 | | | | | | 1.7 | | |
| | | 116,400 | | | | Las Vegas Sands Corp. | | | | | 7,614,888 | | | | | | 1.0 | | |
| | | 76,775 | | | | McDonald’s Corp. | | | | | 12,455,208 | | | | | | 1.7 | | |
| | | 185,400 | | | | Merck & Co., Inc. | | | | | 12,716,586 | | | | | | 1.7 | | |
| | | 252,147 | | | | Metlife, Inc. | | | | | 11,571,026 | | | | | | 1.6 | | |
| | | 199,676 | | | | Microsoft Corp. | | | | | 22,429,605 | | | | | | 3.0 | | |
| | | 403,700 | | | | Mosaic Co. | | | | | 12,623,699 | | | | | | 1.7 | | |
| | | 265,500 | | | | Oracle Corp. | | | | | 12,897,990 | | | | | | 1.7 | | |
| | | 305,087 | | | | Pfizer, Inc. | | | | | 12,667,212 | | | | | | 1.7 | | |
| | | 147,800 | | | | Philip Morris International, Inc. |
| | | | 11,512,142 | | | | | | 1.6 | | |
| | | 65,504 | | | | PNC Financial Services Group, Inc. |
| | | | 9,402,444 | | | | | | 1.3 | | |
| | | 109,182 | | | | Procter & Gamble Co. | | | | | 9,056,647 | | | | | | 1.2 | | |
| | | 192,400 | | | | Qualcomm, Inc. | | | | | 13,219,804 | | | | | | 1.8 | | |
| | | 128,700 | | | | Schlumberger Ltd. | | | | | 8,128,692 | | | | | | 1.1 | | |
| | | 148,800 | | | | Walmart, Inc. | | | | | 14,263,968 | | | | | | 1.9 | | |
| | | 1,037,636 | | | | Other Securities | | | | | 41,132,595 | | | | | | 5.5 | | |
| | | | | | | | | | | | 377,954,158 | | | | | | 51.0 | | |
| | | | | | | Total Common Stock (Cost $724,785,024) |
| | |
|
697,068,997
|
| | | |
|
94.1
|
| |
| PURCHASED OPTIONS(1): 0.0% | | ||||||||||||||||||
| | | | | | |
Total Purchased Options
(Cost $593,013) |
| | | | 283,633 | | | | | | 0.0 | | |
| | | | | | | Total Long-Term Investments (Cost $725,378,037) |
| | |
|
697,352,630
|
| | | |
|
94.1
|
| |
|
Voya Global Equity Dividend and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2018 (Unaudited) (continued) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| SHORT-TERM INVESTMENTS: 4.8% | | ||||||||||||||||||
| | | | | | | Mutual Funds: 4.8% | | ||||||||||||
| | | 35,514,721 (2) | | | | BlackRock Liquidity Funds, FedFund, Institutional Class, 1.850% (Cost $35,514,721) |
| | |
$
|
35,514,721
|
| | | |
|
4.8
|
| |
| | | | | | | Total Short-Term Investments (Cost $35,514,721) |
| | |
|
35,514,721
|
| | | |
|
4.8
|
| |
| | | | | | | Total Investments in Securities (Cost $760,892,758) |
| | | $ | 732,867,351 | | | | | | 98.9 | | |
| | | | | | | Assets in Excess of Other Liabilities |
| | | | 8,323,841 | | | | | | 1.1 | | |
| | | | | | | Net Assets | | | | $ | 741,191,192 | | | | | | 100.0 | | |
|
Sector Diversification
|
| |
Percentage
of Net Assets |
| |||
Information Technology | | | | | 17.1% | | |
Financials | | | | | 16.6 | | |
Health Care | | | | | 14.3 | | |
Consumer Discretionary | | | | | 9.6 | | |
Consumer Staples | | | | | 8.8 | | |
Energy | | | | | 8.3 | | |
Industrials | | | | | 6.7 | | |
Telecommunication Services | | | | | 5.3 | | |
Utilities | | | | | 3.8 | | |
Materials | | | | | 3.6 | | |
Purchased Options | | | | | 0.0 | | |
Short-Term Investments | | | | | 4.8 | | |
Assets in Excess of Other Liabilities | | | | | 1.1 | | |
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 | | | | | | | | | | | | | | | | | | | | | | | | | |
Canada
|
| | | $ | 18,217,020 | | | | | $ | — | | | | | $ | — | | | | | $ | 18,217,020 | | |
France
|
| | | | — | | | | | | 88,091,633 | | | | | | — | | | | | | 88,091,633 | | |
Germany
|
| | | | — | | | | | | 10,470,985 | | | | | | — | | | | | | 10,470,985 | | |
Ireland
|
| | | | 10,306,229 | | | | | | — | | | | | | — | | | | | | 10,306,229 | | |
Italy
|
| | | | — | | | | | | 16,224,586 | | | | | | — | | | | | | 16,224,586 | | |
Japan
|
| | | | — | | | | | | 43,450,407 | | | | | | — | | | | | | 43,450,407 | | |
Netherlands
|
| | | | — | | | | | | 16,589,478 | | | | | | — | | | | | | 16,589,478 | | |
Singapore
|
| | | | — | | | | | | 8,640,442 | | | | | | — | | | | | | 8,640,442 | | |
Spain
|
| | | | — | | | | | | 14,126,871 | | | | | | — | | | | | | 14,126,871 | | |
Sweden
|
| | | | — | | | | | | 9,523,751 | | | | | | — | | | | | | 9,523,751 | | |
Switzerland
|
| | | | — | | | | | | 32,101,605 | | | | | | — | | | | | | 32,101,605 | | |
United Kingdom
|
| | | | — | | | | | | 51,371,832 | | | | | | — | | | | | | 51,371,832 | | |
United States
|
| | | | 377,954,158 | | | | | | — | | | | | | — | | | | | | 377,954,158 | | |
Total Common Stock | | | | | 406,477,407 | | | | | | 290,591,590 | | | | | | — | | | | | | 697,068,997 | | |
Purchased Options | | | | | — | | | | | | 283,633 | | | | | | — | | | | | | 283,633 | | |
Short-Term Investments | | | | | 35,514,721 | | | | | | — | | | | | | — | | | | | | 35,514,721 | | |
|
Voya Global Equity Dividend and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium 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 |
| ||||||||||||
Total Investments, at fair value | | | | $ | 441,992,128 | | | | | $ | 290,875,223 | | | | | $ | — | | | | | $ | 732,867,351 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 587,163 | | | | | | — | | | | | | — | | | | | | 587,163 | | |
Total Assets | | | | $ | 442,579,291 | | | | | $ | 290,875,223 | | | | | $ | — | | | | | $ | 733,454,514 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (858,803) | | | | | $ | — | | | | | $ | — | | | | | $ | (858,803) | | |
Written Options | | | | | — | | | | | | (6,567,448) | | | | | | — | | | | | | (6,567,448) | | |
Total Liabilities | | | | $ | (858,803) | | | | | $ | (6,567,448) | | | | | $ | — | | | | | $ | (7,426,251) | | |
|
Description
|
| |
Number of
Contracts |
| |
Expiration
Date |
| |
Notional
Value |
| |
Unrealized
Appreciation/ (Depreciation) |
| ||||||||||||
Long Contracts: | | | | | | ||||||||||||||||||||
EURO STOXX 50® Index
|
| | | | 572 | | | | | | 09/21/18 | | | | | $ | 22,501,283 | | | | | $ | (127,478) | | |
FTSE 100 Index
|
| | | | 308 | | | | | | 09/21/18 | | | | | | 29,644,411 | | | | | | (372,227) | | |
Nikkei 225 Index
|
| | | | 324 | | | | | | 09/13/18 | | | | | | 33,293,763 | | | | | | 587,163 | | |
| | | | | | | | | | | | | | | | $ | 85,439,457 | | | | | $ | 87,458 | | |
Short Contracts: | | | | | | ||||||||||||||||||||
S&P 500® E-Mini
|
| | | | (135) | | | | | | 09/21/18 | | | | | | (19,589,175) | | | | | | (359,098) | | |
| | | | | | | | | | | | | | | | $ | (19,589,175) | | | | | $ | (359,098) | | |
|
Description
|
| |
Counterparty
|
| |
Expiration
Date |
| |
Exercise
Price |
| |
Notional
Amount |
| |
Cost
|
| |
Fair Value
|
| ||||||||||||
Call USD vs. Put EUR | | |
Societe Generale
|
| | | | 09/20/18 | | | |
1.126 USD
|
| | | | 15,000,000 | | | | | $ | 75,000 | | | | | $ | 9,343 | | |
Call USD vs. Put EUR | | |
Societe Generale
|
| | | | 10/19/18 | | | |
1.137 USD
|
| | | | 13,000,000 | | | | | | 59,800 | | | | | | 44,046 | | |
Call USD vs. Put EUR | | |
Societe Generale
|
| | | | 11/20/18 | | | |
1.111 USD
|
| | | | 13,750,000 | | | | | | 64,763 | | | | | | 33,106 | | |
Call USD vs. Put GBP | | |
Societe Generale
|
| | | | 09/20/18 | | | |
1.277 USD
|
| | | | 16,500,000 | | | | | | 82,500 | | | | | | 34,584 | | |
Call USD vs. Put GBP | | |
BNP Paribas S.A.
|
| | | | 10/19/18 | | | |
1.261 USD
|
| | | | 20,000,000 | | | | | | 108,000 | | | | | | 62,074 | | |
Call USD vs. Put GBP | | |
Societe Generale
|
| | | | 11/20/18 | | | |
1.232 USD
|
| | | | 14,000,000 | | | | | | 82,600 | | | | | | 39,722 | | |
Call USD vs. Put JPY | | |
BNP Paribas S.A.
|
| | | | 09/20/18 | | | |
112.700 USD
|
| | | | 10,000,000 | | | | | | 40,000 | | | | | | 10,903 | | |
Call USD vs. Put JPY | | |
Societe Generale
|
| | | | 10/19/18 | | | |
114.650 USD
|
| | | | 11,000,000 | | | | | | 42,350 | | | | | | 8,964 | | |
Call USD vs. Put JPY | | |
BNP Paribas S.A.
|
| | | | 11/20/18 | | | |
113.150 USD
|
| | | | 9,500,000 | | | | | | 38,000 | | | | | | 40,891 | | |
| | | | | | | | | | | | | | | | | | | | | | $ | 593,013 | | | | | $ | 283,633 | | |
|
Voya Global Equity Dividend and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2018 (Unaudited) (continued) |
Description
|
| |
Counterparty
|
| |
Expiration
Date |
| |
Exercise
Price |
| |
Notional
Amount |
| |
Premiums
Received |
| |
Fair Value
|
| ||||||||||||
Put USD vs. Call EUR | | |
Societe Generale
|
| | | | 09/20/18 | | | |
1.196 USD
|
| | | | 15,000,000 | | | | | $ | 75,000 | | | | | $ | (4,247) | | |
Put USD vs. Call EUR | | |
Societe Generale
|
| | | | 10/19/18 | | | |
1.203 USD
|
| | | | 13,000,000 | | | | | | 59,800 | | | | | | (15,826) | | |
Put USD vs. Call EUR | | |
Societe Generale
|
| | | | 11/20/18 | | | |
1.183 USD
|
| | | | 13,750,000 | | | | | | 64,763 | | | | | | (106,955) | | |
Put USD vs. Call GBP | | |
Societe Generale
|
| | | | 09/20/18 | | | |
1.362 USD
|
| | | | 16,500,000 | | | | | | 82,500 | | | | | | (915) | | |
Put USD vs. Call GBP | | |
BNP Paribas S.A.
|
| | | | 10/19/18 | | | |
1.347 USD
|
| | | | 20,000,000 | | | | | | 108,000 | | | | | | (31,306) | | |
Put USD vs. Call GBP | | |
Societe Generale
|
| | | | 11/20/18 | | | |
1.318 USD
|
| | | | 14,000,000 | | | | | | 82,600 | | | | | | (137,822) | | |
Put USD vs. Call JPY | | |
BNP Paribas S.A.
|
| | | | 09/20/18 | | | |
104.670 USD
|
| | | | 10,000,000 | | | | | | 40,000 | | | | | | (1,086) | | |
Put USD vs. Call JPY | | |
Societe Generale
|
| | | | 10/19/18 | | | |
106.450 USD
|
| | | | 11,000,000 | | | | | | 42,350 | | | | | | (17,876) | | |
Put USD vs. Call JPY | | |
BNP Paribas S.A.
|
| | | | 11/20/18 | | | |
104.850 USD
|
| | | | 9,500,000 | | | | | | 38,000 | | | | | | (22,109) | | |
| | | | | | | | | | | | | | | | | | | | | | $ | 593,013 | | | | | $ | (338,142) | | |
|
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
|
| | | | 3,400 | | | | | | 11,535,860 | | | | | $ | 150,636 | | | | | $ | (2,622) | | |
EURO STOXX 50® Index
|
| |
Societe Generale
|
| |
Call
|
| | | | 09/21/18 | | | |
3,517.000 EUR
|
| | | | 3,500 | | | | | | 11,875,150 | | | | | | 146,387 | | | | | | (11,078) | | |
EURO STOXX 50® Index
|
| |
Societe Generale
|
| |
Call
|
| | | | 10/05/18 | | | |
3,420.000 EUR
|
| | | | 3,600 | | | | | | 12,214,440 | | | | | | 164,766 | | | | | | (168,025) | | |
FTSE 100 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 09/07/18 | | | |
7,706.000 GBP
|
| | | | 1,700 | | | | | | 12,635,114 | | | | | | 169,504 | | | | | | (2,014) | | |
FTSE 100 Index | | |
Morgan Stanley &
Co. International PLC |
| |
Call
|
| | | | 09/21/18 | | | |
7,673.000 GBP
|
| | | | 1,700 | | | | | | 12,635,114 | | | | | | 163,883 | | | | | | (24,362) | | |
FTSE 100 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 10/05/18 | | | |
7,621.322 GBP
|
| | | | 1,700 | | | | | | 12,635,114 | | | | | | 174,791 | | | | | | (67,398) | | |
Nikkei 225 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 09/07/18 | | | |
22,997.000 JPY
|
| | | | 51,900 | | | | | | 1,186,701,285 | | | | | | 148,400 | | | | | | (47,702) | | |
Nikkei 225 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 09/21/18 | | | |
22,714.090 JPY
|
| | | | 50,200 | | | | | | 1,147,830,530 | | | | | | 142,503 | | | | | | (168,939) | | |
Nikkei 225 Index | | |
BNP Paribas S.A.
|
| |
Call
|
| | | | 10/05/18 | | | |
22,395.000 JPY
|
| | | | 49,700 | | | | | | 1,136,397,955 | | | | | | 130,450 | | | | | | (250,810) | | |
S&P 500® Index | | |
Societe Generale
|
| |
Call
|
| | | | 09/07/18 | | | |
2,828.000 USD
|
| | | | 29,400 | | | | | | 85,304,688 | | | | | | 764,400 | | | | | | (2,201,747) | | |
S&P 500® Index | | |
Societe Generale
|
| |
Call
|
| | | | 09/21/18 | | | |
2,862.720 USD
|
| | | | 29,600 | | | | | | 85,884,992 | | | | | | 731,357 | | | | | | (1,530,084) | | |
S&P 500® Index | | |
Societe Generale
|
| |
Call
|
| | | | 10/05/18 | | | |
2,863.000 USD
|
| | | | 29,000 | | | | | | 84,144,080 | | | | | | 861,503 | | | | | | (1,754,525) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 3,748,580 | | | | | $ | (6,229,306) | | |
|
Derivatives not accounted for as hedging instruments
|
| |
Location on Statement
of Assets and Liabilities |
| |
Fair Value
|
|||
Asset Derivatives | | | | ||||||
Foreign exchange contracts | | |
Investments in securities at value*
|
| | | $ | 283,633 | |
Equity contracts | | |
Net Assets — Unrealized appreciation**
|
| | | | 587,163 | |
Total Asset Derivatives
|
| | | | | | $ | 870,796 | |
|
Voya Global Equity Dividend and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium 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
|
|||
Liability Derivatives | | | | ||||||
Equity contracts | | |
Net Assets — Unrealized depreciation**
|
| | | $ | 858,803 | |
Equity Contracts | | |
Written options, at fair value
|
| | | | 6,229,306 | |
Foreign exchange contracts | | |
Written options, at fair value
|
| | | | 338,142 | |
Total Liability Derivatives | | | | | | |
$
|
7,426,251
|
|
|
Derivatives not accounted for as hedging instruments
|
| |
Investments*
|
| |
Futures
|
| |
Written options
|
| |
Total
|
| ||||||||||||
Equity contracts | | | | $ | — | | | | | $ | (462,700) | | | | | $ | 1,528,731 | | | | | $ | 1,066,031 | | |
Foreign exchange contracts | | | | | 2,011,636 | | | | | | — | | | | | | 623,155 | | | | | | 2,634,791 | | |
Total
|
| | | $ | 2,011,636 | | | | | $ | (462,700) | | | | | $ | 2,151,886 | | | | | $ | 3,700,822 | | |
|
Derivatives not accounted for as hedging instruments
|
| |
Investments*
|
| |
Futures
|
| |
Written options
|
| |
Total
|
| ||||||||||||
Equity contracts | | | | $ | — | | | | | $ | 1,324,129 | | | | | $ | (5,238,946) | | | | | $ | (3,914,817) | | |
Foreign exchange contracts | | | | | (28,467) | | | | | | — | | | | | | 390,230 | | | | | | 361,763 | | |
Total
|
| | | $ | (28,467) | | | | | $ | 1,324,129 | | | | | $ | (4,848,716) | | | | | $ | (3,553,054) | | |
|
| | |
BNP Paribas S.A.
|
| |
Morgan Stanley & Co.
International PLC |
| |
Societe
Generale |
| |
Totals
|
| ||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Purchased options | | | | $ | 113,868 | | | | | $ | — | | | | | $ | 169,765 | | | | | $ | 283,633 | | |
Total Assets
|
| | | $ | 113,868 | | | | | $ | — | | | | | $ | 169,765 | | | | | $ | 283,633 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Written options | | | | $ | 591,364 | | | | | $ | 26,984 | | | | | $ | 5,949,100 | | | | | $ | 6,567,448 | | |
Total Liabilities
|
| | | $ | 591,364 | | | | | $ | 26,984 | | | | | $ | 5,949,100 | | | | | $ | 6,567,448 | | |
Net OTC derivative instruments by counterparty, at fair value
|
| | | $ | (477,496) | | | | | $ | (26,984) | | | | | $ | (5,779,335) | | | | | $ | (6,283,815) | | |
Total collateral pledged by the Fund/(Received from counterparty)
|
| | | $ | 360,000 | | | | | $ | 26,984 | | | | | $ | 5,779,335 | | | | | $ | 6,166,319 | | |
Net Exposure(1)(2)
|
| | | $ | (117,496) | | | | | $ | — | | | | | $ | — | | | | | $ | (117,496) | | |