Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) |
Principal Amount† | Borrower/Tranche Description | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: 56.5% | |||||
Aerospace & Defense: 1.3% | |||||
312,638 | Amentum Government Services Holdings LLC 2022 Term Loan, 8.906%, (TSFR1M + 4.000%), 02/15/29 | $ | 291,534 | 0.2 | |
318,413 | Atlas CC Acquisition Corp Term Loan B, 9.775%, (TSFR1M + 4.250%), 05/25/28 | 282,757 | 0.2 | ||
64,762 | Atlas CC Acquisition Corp Term Loan C, 9.775%, (TSFR1M + 4.250%), 05/25/28 | 57,510 | 0.1 | ||
879,365 | Peraton Corp. Term Loan B, 9.003%, (TSFR1M + 3.750%), 02/01/28 | 838,773 | 0.7 | ||
93,802 | Vertex Aerospace Services Corp. 2021 First Lien Term Loan, 8.904%, (US0003M + 3.750%), 12/06/28 | 93,345 | 0.1 | ||
1,563,919 | 1.3 | ||||
Air Transport: 0.9% | |||||
115,000 | LaserShip, Inc. 2021 2nd Lien Term Loan, 12.659%, (US0003M + 7.500%), 05/07/29 | 71,875 | 0.1 | ||
497,425 | LaserShip, Inc. 2021 Term Loan, 9.710%, (US0003M + 4.500%), 05/07/28 | 406,645 | 0.3 | ||
211,306 | Savage Enterprises LLC 2021 Term Loan B, 8.410%, (TSFR1M + 3.250%), 09/15/28 | 210,601 | 0.2 | ||
460,524 | ST GEO WARE + TR CO OF CAL INC 2022 TERM LOAN, 11.253%, (TSFR1M + 6.000%), 03/24/28 | 430,590 | 0.3 | ||
1,119,711 | 0.9 | ||||
Auto Components: 1.6% | |||||
684,000 | Clarios Global LP 2023 Incremental Term Loan, 8.903%, (TSFR1M + 3.750%), 05/06/30 | 681,222 | 0.6 | ||
295,899 | Holley Purchaser, Inc. 2021 Term Loan, 9.154%, (TSFR1M + 3.750%), 11/17/28 | 257,677 | 0.2 | ||
229,713 | RC Buyer, Inc. 2021 Term Loan, 8.654%, (US0003M + 3.500%), 07/28/28 | 215,930 | 0.2 | ||
330,200 | Truck Hero, Inc. 2021 Term Loan B, 8.904%, (TSFR1M + 3.750%), 01/31/28 | 302,752 | 0.2 | ||
728,900 | Wheel Pros, LLC 2021 Term Loan, 9.773%, (US0003M + 4.500%), 05/11/28 | 459,207 | 0.4 | ||
1,916,788 | 1.6 | ||||
Automotive: 1.0% | |||||
263,110 | Belron Finance US LLC 2018 Term Loan B, 7.625%, (US0003M + 2.250%), 11/13/25 | 263,219 | 0.2 | ||
184,313 | Dealer Tire Financial, LLC Term Loan B2, 9.653%, (TSFR1M + 4.500%), 12/14/27 | 182,470 | 0.2 | ||
247,703 | IXS Holdings, Inc. 2020 Term Loan B, 9.479%, (TSFR1M + 4.250%), 03/05/27 | 207,916 | 0.2 | ||
403,107 | Les Schwab Tire Centers Term Loan B, 8.284%, (US0003M + 3.250%), 11/02/27 | 396,725 | 0.3 | ||
200,000 | RC Buyer, Inc. 2021 2nd Lien Term Loan, 11.753%, (TSFR1M + 6.500%), 07/30/29 | 181,375 | 0.1 | ||
EUR 24,905 | Thor Industries, Inc. 2021 EUR Term Loan, 6.250%, (EUR001M + 3.000%), 02/01/26 | 26,632 | 0.0 | ||
1,258,337 | 1.0 | ||||
Basic Materials: 0.8% | |||||
590,000 | Ineos US Finance LLC 2023 USD Term Loan B, 8.753%, (TSFR1M + 3.500%), 02/18/30 | 586,435 | 0.5 | ||
398,000 | Iris Holdings, Inc. 2022 Term Loan 1L, 9.895%, (TSFR1M + 4.750%), 06/28/28 | 345,182 | 0.3 | ||
931,617 | 0.8 | ||||
Beverage & Tobacco: 0.2% | |||||
289,192 | Triton Water Holdings, Inc Term Loan, 8.659%, (US0003M + 3.500%), 03/31/28 | 274,713 | 0.2 | ||
Building & Development: 1.2% | |||||
515,608 | Applecaramel Buyer, LLC Term Loan B, 8.903%, (TSFR1M + 3.750%), 10/19/27 | 507,587 | 0.4 | ||
228,595 | Cornerstone Building Brands, Inc. 2021 Term Loan B, 8.409%, (US0003M + 3.250%), 04/12/28 | 208,664 | 0.2 | ||
445,574 | CP Atlas Buyer, Inc. 2021 Term Loan B, 9.003%, (US0001M + 3.750%), 11/23/27 | 403,093 | 0.3 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Building & Development: (continued) | |||||
131,328 | LBM Acquisition LLC Term Loan B, 8.904%, (US0001M + 3.750%), 12/17/27 | $ | 120,477 | 0.1 | |
336,600 | LHS Borrower, LLC 2022 Term Loan B, 10.003%, (SOFRRATE + 4.750%), 02/16/29 | 262,548 | 0.2 | ||
1,502,369 | 1.2 | ||||
Business Equipment & Services: 1.2% | |||||
281,438 | Anticimex International AB 2021 USD Incremental Term Loan, 9.050%, (SOFRRATE + 3.900%), 11/16/28 | 277,216 | 0.2 | ||
273,519 | Endure Digital Inc. Term Loan, 8.792%, (US0001M + 3.500%), 02/10/28 | 249,985 | 0.2 | ||
428,475 | Ensono, LP 2021 Term Loan, 9.151%, (US0003M + 3.750%), 05/26/28 | 385,413 | 0.3 | ||
276,580 | Pre-Paid Legal Services, Inc. 2021 Term Loan, 8.904%, (US0001M + 3.750%), 12/15/28 | 268,144 | 0.2 | ||
348,956 | Verifone Systems, Inc. 2018 1st Lien Term Loan, 9.476%, (US0003M + 4.000%), 08/20/25 | 305,518 | 0.3 | ||
1,486,276 | 1.2 | ||||
Chemicals & Plastics: 1.3% | |||||
441,937 | Charter NEX US, Inc. 2021 Term Loan, 9.018%, (TSFR1M + 3.750%), 12/01/27 | 430,723 | 0.4 | ||
133,333 | CPC Acquisition Corp Term Loan, 8.910%, (TSFR1M + 3.750%), 12/29/27 | 104,222 | 0.1 | ||
109,725 | Discovery Purchaser Corporation Term Loan, 9.284%, (TSFR1M + 4.375%), 10/04/29 | 103,827 | 0.1 | ||
271,991 | INEOS Styrolution US Holding LLC 2021 USD Term Loan B, 8.018%, (TSFR1M + 2.750%), 01/29/26 | 269,738 | 0.2 | ||
7,178 | (1) | IPS Corporation 2021 Delayed Draw Term Loan, 8.896%, (US0003M + 3.750%), 10/02/28 | 6,653 | 0.0 | |
40,021 | IPS Corporation 2021 Term Loan, 9.003%, (US0001M + 3.750%), 10/02/28 | 37,095 | 0.0 | ||
100,000 | NIC Acquisition Corp. Second Lien Term Loan, 12.910%, (TSFR1M + 7.750%), 12/29/28 | 42,875 | 0.0 | ||
465,000 | Starfruit Finco B.V 2023 Term Loan, 8.990%, (TSFR1M + 4.000%), 04/03/28 | 457,444 | 0.4 | ||
146,988 | Trinseo Materials Operating S.C.A. 2018 Term Loan, 7.154%, (US0001M + 2.000%), 09/06/24 | 139,565 | 0.1 | ||
1,592,142 | 1.3 | ||||
Clothing/Textiles: 0.1% | |||||
170,000 | Hanesbrands, Inc. 2023 Term Loan B, 8.903%, (TSFR1M + 3.750%), 03/08/30 | 168,938 | 0.1 | ||
Commodities: 0.5% | |||||
202,950 | Specialty Building Products Holdings, LLC 2021 Term Loan B, 8.410%, (US0001M + 3.250%), 10/15/28 | 186,207 | 0.1 | ||
532,739 | Yak Access, LLC 2023 Term Loan, 11.815%, (TSFR1M + 6.400%), 03/10/28 | 439,509 | 0.4 | ||
625,716 | 0.5 | ||||
Communications: 1.2% | |||||
296,481 | AP Core Holdings II, LLC Amortization Term Loan B1, 10.654%, (US0001M + 5.500%), 09/01/27 | 283,806 | 0.2 | ||
177,777 | AP Core Holdings II, LLC High-Yield Term Loan B2, 10.654%, (US0001M + 5.500%), 09/01/27 | 170,073 | 0.2 | ||
164,203 | Global Tel*Link Corporation 2018 1st Lien Term Loan, 9.503%, (US0001M + 4.250%), 11/29/25 | 147,023 | 0.1 | ||
160,101 | (2) | GTT Communications, Inc. 2022 Holdco Term Loan, 13.998%, (TSFR3M + 4.580%) (PIK Rate 13.998%, Cash Rate 0.000%), 06/30/28 | 86,455 | 0.1 | |
202,951 | GTT Communications, Inc. 2022 Opco Term Loan, 12.236%, 12/30/27 | 169,971 | 0.1 | ||
240,713 | Tiger Acquisition, LLC 2021 Term Loan, 8.503%, (TSFR1M + 3.250%), 06/01/28 | 229,254 | 0.2 | ||
340,000 | Virgin Media Bristol LLC 2023 USD Term Loan Y, 8.113%, (TSFR1M + 3.250%), 03/31/31 | 327,037 | 0.3 | ||
1,413,619 | 1.2 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Consumer, Cyclical: 1.0% | |||||
424,625 | Ascend Learning, LLC 2021 Term Loan, 8.753%, (TSFR1M + 3.500%), 12/11/28 | $ | 382,097 | 0.3 | |
357,757 | BIFM CA Buyer Inc. Term Loan B, 8.768%, (TSFR1M + 3.500%), 06/01/26 | 351,645 | 0.3 | ||
467,650 | Bombardier Recreational Products, Inc. 2022 Incremental Term Loan B, 8.653%, (TSFR1M + 3.500%), 12/13/29 | 464,922 | 0.4 | ||
1,198,664 | 1.0 | ||||
Consumer, Non-cyclical: 0.8% | |||||
193,216 | CoreLogic, Inc. TL B 1L, 8.638%, (US0001M + 3.500%), 06/02/28 | 173,359 | 0.1 | ||
149,625 | Fugue Finance B.V. 2023 USD Term Loan B, 9.764%, (TSFR1M + 4.500%), 01/31/28 | 148,877 | 0.1 | ||
330,034 | Indy US Bidco, LLC 2023 USD Incremental Term Loan B, 10.892%, (TSFR1M + 6.250%), 03/06/28 | 297,856 | 0.3 | ||
375,000 | KUEHG Corp. 2023 Term Loan, 10.172%, (TSFR1M + 5.000%), 05/23/30 | 358,594 | 0.3 | ||
978,686 | 0.8 | ||||
Containers & Glass Products: 1.8% | |||||
301,798 | Plastipak Packaging, Inc. 2021 Term Loan B, 7.688%, (US0001M + 2.500%), 12/01/28 | 299,188 | 0.2 | ||
125,000 | Pretium PKG Holdings, Inc. 2021 2nd Lien Term Loan, 11.863%, (US0003M + 6.750%), 10/01/29 | 78,125 | 0.1 | ||
493,890 | Pro Mach Group, Inc. 2021 Term Loan B, 9.154%, (US0001M + 4.000%), 08/31/28 | 489,671 | 0.4 | ||
746,084 | Titan Acquisition Limited 2018 Term Loan B, 8.151%, (US0003M + 3.000%), 03/28/25 | 709,660 | 0.6 | ||
39,908 | Trident TPI Holdings, Inc. 2021 Incremental Term Loan, 9.159%, (US0003M + 4.000%), 09/15/28 | 38,192 | 0.0 | ||
493,763 | Trident TPI Holdings, Inc. 2022 USD Incremental Term Loan, 10.148%, (TSFR1M + 5.250%), 09/15/28 | 474,321 | 0.4 | ||
120,000 | Valcour Packaging LLC 2021 2nd Lien Term Loan, 12.094%, (US0001M + 7.000%), 10/04/29 | 75,200 | 0.1 | ||
2,164,357 | 1.8 | ||||
Drugs: 0.3% | |||||
366,911 | Amneal Pharmaceuticals LLC 2018 Term Loan B, 8.654%, (TSFR1M + 3.500%), 05/04/25 | 328,202 | 0.3 | ||
Electronics/Electrical: 1.9% | |||||
411,888 | Altar Bidco, Inc. 2021 Term Loan, 6.608%, (US0003M + 3.350%), 02/01/29 | 393,353 | 0.3 | ||
391,875 | Chamberlain Group Inc Term Loan B, 8.404%, (TSFR1M + 3.250%), 11/03/28 | 372,608 | 0.3 | ||
506,688 | Cloudera, Inc. 2021 Term Loan, 9.003%, (TSFR1M + 3.750%), 10/08/28 | 486,990 | 0.4 | ||
282,150 | Creation Technologies Inc. 2021 Term Loan, 10.723%, (US0003M + 5.500%), 10/05/28 | 258,167 | 0.2 | ||
150,000 | DG Investment Intermediate Holdings 2, Inc. 2021 2nd Lien Term Loan, 12.018%, (TSFR1M + 6.750%), 03/30/29 | 132,750 | 0.1 | ||
198,655 | DG Investment Intermediate Holdings 2, Inc. 2021 Term Loan, 9.018%, (TSFR1M + 3.750%), 03/31/28 | 192,406 | 0.2 | ||
276,784 | II-VI Incorporated 2022 Term Loan B, 8.018%, 07/02/29 | 274,189 | 0.2 | ||
177,750 | Illuminate Merger Sub Corp. 1st Lien Term Loan, 8.476%, (US0003M + 3.000%), 07/21/28 | 169,751 | 0.2 | ||
2,280,214 | 1.9 | ||||
Energy: 1.3% | |||||
330,000 | Brazos Delaware II, LLC 2023 Term Loan B, 8.805%, (TSFR1M + 3.750%), 02/11/30 | 322,919 | 0.3 | ||
591,066 | Covia Holdings Corporation 2020 PIK Take Back Term Loan, 9.223%, (US0003M + 4.000%), 07/31/26 | 578,414 | 0.5 | ||
371,641 | Oryx Midstream Services Permian Basin LLC Term Loan B, 8.405%, (TSFR1M + 3.250%), 10/05/28 | 366,298 | 0.3 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Energy: (continued) | |||||
246,875 | Profrac Services, LLC 2022 Term Loan, 12.420%, (SOFRRATE + 7.250%), 03/04/25 | $ | 245,486 | 0.2 | |
1,513,117 | 1.3 | ||||
Equipment Leasing: 0.2% | |||||
193,432 | Rent-A-Center, Inc. 2021 First Lien Term Loan B, 8.563%, (US0003M + 3.250%), 02/17/28 | 191,135 | 0.2 | ||
Financial: 4.0% | |||||
215,000 | Advisor Group, Inc. 2021 Term Loan, 9.654%, (US0001M + 4.500%), 07/31/26 | 213,461 | 0.2 | ||
309,225 | Alliant Holdings Intermediate, LLC 2023 Term Loan B5, 8.559%, (TSFR1M + 3.500%), 11/05/27 | 302,010 | 0.2 | ||
698,250 | AmWINS Group, Inc. 2023 Incremental Term Loan B, 8.003%, (TSFR1M + 2.750%), 02/19/28 | 693,188 | 0.6 | ||
406,938 | Aretec Group, Inc. 2018 Term Loan, 9.503%, (TSFR1M + 4.250%), 10/01/25 | 405,878 | 0.3 | ||
786,576 | Citadel Securities LP 2021 Term Loan B, 7.768%, (TSFR1M + 2.500%), 02/02/28 | 777,482 | 0.6 | ||
642,357 | Edelman Financial Center, LLC 2021 Term Loan B, 8.904%, (US0001M + 3.750%), 04/07/28 | 617,586 | 0.5 | ||
221,904 | Focus Financial Partners, LLC 2021 Term Loan, 7.653%, (TSFR1M + 2.500%), 06/30/28 | 216,356 | 0.2 | ||
243,775 | Focus Financial Partners, LLC 2022 Term Loan B5, 8.403%, (TSFR1M + 3.250%), 06/30/28 | 238,834 | 0.2 | ||
80,000 | Focus Financial Partners, LLC 2023 Term Loan B6, 8.672%, (TSFR1M + 3.500%), 06/30/28 | 78,750 | 0.1 | ||
412,800 | Forest City Enterprises, L.P. 2019 Term Loan B, 8.768%, (US0001M + 3.500%), 12/08/25 | 326,370 | 0.3 | ||
290,575 | HighTower Holdings LLC 2021 Term Loan B, 9.127%, (US0001M + 4.000%), 04/21/28 | 274,593 | 0.2 | ||
205,000 | RHP Hotel Properties, LP 2023 Term Loan B, 7.922%, (TSFR1M + 2.750%), 05/18/30 | 204,392 | 0.2 | ||
523,515 | Victory Capital Holdings, Inc. 2021 Term Loan B, 7.287%, (TSFR1M + 2.250%), 07/01/26 | 520,636 | 0.4 | ||
4,869,536 | 4.0 | ||||
Financial Intermediaries: 0.6% | |||||
380,197 | AqGen Island Holdings, Inc. Term Loan, 8.688%, (US0001M + 3.500%), 08/02/28 | 365,623 | 0.3 | ||
311,850 | VFH Parent LLC 2022 Term Loan B, 8.198%, (SOFRRATE + 3.000%), 01/13/29 | 305,321 | 0.3 | ||
670,944 | 0.6 | ||||
Food Products: 1.8% | |||||
603,177 | 8th Avenue Food & Provisions, Inc. 2018 1st Lien Term Loan, 8.850%, (TSFR1M + 3.750%), 10/01/25 | 537,958 | 0.4 | ||
180,000 | BCPE North Star US HoldCo 2, Inc. 2021 2nd Lien Term Loan, 12.409%, (US0003M + 7.250%), 06/08/29 | 160,200 | 0.1 | ||
425,700 | CHG PPC Parent LLC 2021 Term Loan, 8.188%, (US0001M + 3.000%), 12/08/28 | 419,581 | 0.4 | ||
305,838 | Dessert Holdings Inc. Term Loan, 9.159%, (US0003M + 4.000%), 06/09/28 | 276,783 | 0.2 | ||
440,539 | IRB Holding Corp 2022 Term Loan B, 8.253%, (TSFR1M + 3.000%), 12/15/27 | 428,739 | 0.4 | ||
306,171 | Sigma Bidco B.V. 2018 USD Term Loan B, 7.460%, (TSFR1M + 3.000%), 07/02/25 | 296,494 | 0.3 | ||
2,119,755 | 1.8 | ||||
Food Service: 0.0% | |||||
38,188 | K-Mac Holdings Corp 2021 2nd Lien Term Loan, 11.986%, (US0003M + 6.750%), 07/30/29 | 34,751 | 0.0 | ||
Food/Drug Retailers: 0.8% | |||||
415,050 | Moran Foods, LLC 2022 Extended 2nd Lien Term Loan, 14.465%, (TSFR3M + 4.680%), 12/31/26 | 300,911 | 0.2 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Food/Drug Retailers: (continued) | |||||
487,311 | Moran Foods, LLC 2022 Extended Term Loan, 12.215%, (TSFR3M + 4.680%), 06/30/26 | $ | 443,453 | 0.4 | |
243,465 | (3) | Moran Foods, LLC Incremental FLSO Loan, 12.215%, (TSFR3M + 4.680%), 06/30/26 | 176,512 | 0.2 | |
920,876 | 0.8 | ||||
Health Care: 3.8% | |||||
281,347 | ADMI Corp. 2021 Term Loan B2, 8.529%, (US0001M + 3.375%), 12/23/27 | 258,663 | 0.2 | ||
217,250 | ANI Pharmaceuticals, Inc Term Loan B, 11.154%, (US0001M + 6.000%), 04/27/28 | 215,756 | 0.2 | ||
84,132 | (1) | Athenahealth, Inc. 2022 Delayed Draw Term loan, 8.142%, (SOFRRATE + 3.500%), 02/15/29 | 79,488 | 0.1 | |
684,851 | Athenahealth, Inc. 2022 Term Loan B, 8.598%, (TSFR1M + 3.500%), 02/15/29 | 647,042 | 0.5 | ||
418,688 | Bausch Health Companies Inc. 2022 Term Loan B, 10.416%, (TSFR1M + 5.250%), 02/01/27 | 332,399 | 0.3 | ||
167,025 | CBI Buyer, Inc. Term Loan, 8.362%, (US0003M + 3.250%), 01/06/28 | 104,391 | 0.1 | ||
284,446 | CCRR Parent, Inc Term Loan B, 8.910%, (US0001M + 3.750%), 03/06/28 | 273,068 | 0.2 | ||
300,000 | Covetrus, Inc. 2022 1st Lien Term Loan, 9.898%, (TSFR1M + 5.000%), 10/13/29 | 278,188 | 0.2 | ||
351 | (4) | Envision Healthcare Corporation 2022 1st Lien Term Loan, 13.047%, (TSFR1M + 7.875%), 03/31/27 | 323 | 0.0 | |
210,699 | Gloves Buyer, Inc. 2021 Term Loan, 9.154%, (US0001M + 4.000%), 12/29/27 | 201,218 | 0.2 | ||
322,001 | Medical Solutions Holdings, Inc. 2021 1st Lien Term Loan, 8.614%, (TSFR1M + 3.250%), 11/01/28 | 300,014 | 0.2 | ||
150,000 | National Mentor Holdings, Inc. 2021 2nd Lien Term Loan, 12.248%, (US0003M + 7.250%), 03/02/29 | 78,750 | 0.1 | ||
160,525 | Pacific Dental Services,LLC 2021 Term Loan, 8.627%, (US0003M + 3.500%), 05/05/28 | 159,053 | 0.1 | ||
384,209 | Pathway Vet Alliance LLC 2021 Term Loan, 8.904%, (US0001M + 3.750%), 03/31/27 | 325,777 | 0.3 | ||
285,180 | Phoenix Guarantor Inc 2020 Term Loan B, 8.404%, (US0001M + 3.250%), 03/05/26 | 276,625 | 0.2 | ||
147,375 | Pluto Acquisition I, Inc. 2021 1st Lien Term Loan, 9.476%, (US0003M + 4.000%), 06/22/26 | 120,479 | 0.1 | ||
147,000 | PointClickCare Technologies, Inc. Term Loan B, 8.188%, (US0001M + 3.000%), 12/29/27 | 144,060 | 0.1 | ||
244,397 | RxBenefits, Inc. 2020 Term Loan, 9.669%, (US0003M + 4.500%), 12/20/27 | 241,036 | 0.2 | ||
490,000 | Sotera Health Holdings, LLC 2021 Term Loan, 8.023%, (US0003M + 2.750%), 12/11/26 | 473,973 | 0.4 | ||
122,051 | Tecomet Inc. 2017 Repriced Term Loan, 8.891%, (US0006M + 3.500%), 05/01/24 | 120,831 | 0.1 | ||
4,631,134 | 3.8 | ||||
Home Furnishings: 0.2% | |||||
279,325 | Weber-Stephen Products LLC Term Loan B, 8.350%, (TSFR1M + 3.250%), 10/30/27 | 247,377 | 0.2 | ||
Industrial: 3.4% | |||||
138,000 | ADS Tactical, Inc. 2021 Term Loan B, 10.904%, (US0001M + 5.750%), 03/19/26 | 130,410 | 0.1 | ||
182,225 | Aegion Corporation Term Loan, 9.904%, (US0003M + 4.750%), 05/17/28 | 178,504 | 0.2 | ||
423,550 | Allied Universal Holdco LLC 2021 USD Incremental Term Loan B, 9.003%, (TSFR1M + 3.750%), 05/12/28 | 398,902 | 0.3 | ||
385,000 | Belfor Holdings Inc. 2022 Incremental Term Loan, 9.403%, (SOFRRATE + 4.250%), 04/06/26 | 384,519 | 0.3 | ||
154,225 | Brown Group Holding LLC 2022 Term Loan B2 1L, 8.931%, (TSFR1M + 3.750%), 07/02/29 | 152,336 | 0.1 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Industrial: (continued) | |||||
188,807 | Covanta Holding Corporation 2021 Term Loan B, 7.653%, (TSFR1M + 2.500%), 11/30/28 | $ | 186,250 | 0.2 | |
14,286 | Covanta Holding Corporation 2021 Term Loan C, 7.653%, (TSFR1M + 2.500%), 11/30/28 | 14,092 | 0.0 | ||
355,000 | Crown Subsea Communications Holding,Inc. 2023 Incremental Term Loan, 10.358%, (TSFR1M + 5.250%), 04/27/27 | 354,778 | 0.3 | ||
147,375 | Denali Water Solutions Term Loan B, 9.298%, (TSFR1M + 4.250%), 03/27/28 | 131,164 | 0.1 | ||
275,000 | Emrld Borrower LP Term Loan B, 8.172%, (TSFR1M + 3.000%), 05/04/30 | 272,207 | 0.2 | ||
202,270 | ENC Holding Corporation 2021 Term Loan, 9.409%, (US0003M + 4.250%), 08/19/28 | 190,134 | 0.2 | ||
18,253 | (1) | ENC Holding Corporation Delayed Draw Term Loan, 4.370%, (US0003M + 4.250%), 08/19/28 | 17,158 | 0.0 | |
165,000 | LSF11 Trinity Bidco, Inc. Term Loan, 9.672%, (TSFR1M + 4.500%), 04/27/30 | 162,525 | 0.1 | ||
360,000 | Neptune Bidco US Inc 2022 USD Term Loan B, 10.004%, (TSFR1M + 5.000%), 04/11/29 | 323,010 | 0.3 | ||
120,827 | Plaze, Inc. 2020 Incremental Term Loan, 9.018%, (US0001M + 3.750%), 08/03/26 | 109,953 | 0.1 | ||
168,150 | Project Castle, Inc. Term Loan B 1L, 10.391%, (TSFR1M + 5.500%), 06/01/29 | 147,131 | 0.1 | ||
293,278 | Quikrete Holdings, Inc. 2021 Term Loan B1, 8.154%, (US0001M + 3.000%), 03/18/29 | 291,720 | 0.2 | ||
353 | Refficiency Holdings LLC 2021 Term Loan, 9.003%, (TSFR1M + 3.750%), 12/16/27 | 348 | 0.0 | ||
344,133 | Smyrna Ready Mix Concrete, LLC Term Loan B, 9.503%, (TSFR1M + 4.250%), 04/02/29 | 343,703 | 0.3 | ||
324,000 | U.S. Silica Company 2023 Term Loan B, 10.003%, (TSFR1M + 4.750%), 03/25/30 | 319,815 | 0.3 | ||
4,108,659 | 3.4 | ||||
Industrial Equipment: 1.4% | |||||
242,828 | AI Aqua Merger Sub, Inc. 2021 1st Lien Term Loan B, 8.797%, (US0003M + 3.750%), 07/31/28 | 234,177 | 0.2 | ||
320,000 | Chart Industries, Inc. 2023 Term Loan B, 8.916%, (TSFR1M + 3.750%), 03/15/30 | 318,200 | 0.3 | ||
245,625 | CMBF LLC Term Loan, 11.108%, (US0003M + 6.000%), 08/02/28 | 219,834 | 0.2 | ||
405,000 | Filtration Group Corporation 2023 USD Term Loan, 9.422%, (TSFR1M + 4.250%), 10/31/28 | 402,216 | 0.3 | ||
169,926 | SPX Flow, Inc. 2022 Term Loan, 9.753%, (TSFR1M + 4.500%), 04/05/29 | 161,004 | 0.1 | ||
431,200 | Watlow Electric Manufacturing Company Term Loan B, 9.057%, (US0003M + 3.750%), 03/02/28 | 419,881 | 0.3 | ||
1,755,312 | 1.4 | ||||
Insurance: 2.3% | |||||
880,418 | Acrisure, LLC 2020 Term Loan B, 8.654%, (US0001M + 3.500%), 02/15/27 | 821,953 | 0.7 | ||
241,938 | Acrisure, LLC 2021 First Lien Term Loan B, 9.404%, (US0001M + 4.250%), 02/15/27 | 230,294 | 0.2 | ||
559,350 | AssuredPartners, Inc. 2022 Term Loan, 8.653%, (TSFR1M + 3.500%), 02/12/27 | 545,133 | 0.5 | ||
210,000 | Broadstreet Partners, Inc. 2023 Term Loan B3, 8.993%, (TSFR1M + 4.000%), 01/27/29 | 207,165 | 0.2 | ||
285,000 | IMA Financial Group, Inc. Term Loan, 8.534%, (US0001M + 3.500%), 11/01/28 | 279,656 | 0.2 | ||
398,041 | OneDigital Borrower LLC 2021 Term Loan, 9.503%, (SOFRRATE + 4.250%), 11/16/27 | 388,090 | 0.3 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount�� | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Insurance: (continued) | |||||
297,375 | Ryan Specialty Group, LLC Term Loan, 8.253%, (TSFR1M + 3.000%), 09/01/27 | $ | 297,143 | 0.2 | |
2,769,434 | 2.3 | ||||
Leisure Good/Activities/Movies: 1.1% | |||||
170,000 | Cinemark USA, Inc. 2023 Term Loan B, 8.922%, (TSFR1M + 3.750%), 05/24/30 | 167,662 | 0.2 | ||
147,891 | Fender Musical Instruments Corporation 2021 Term Loan B, 9.166%, (SOFRRATE + 4.000%), 12/01/28 | 139,572 | 0.1 | ||
292,902 | Hayward Industries, Inc. 2022 Term Loan, 8.503%, (TSFR1M + 3.250%), 05/30/28 | 285,007 | 0.2 | ||
148,125 | Lakeshore Intermediate LLC Term Loan, 8.768%, (US0001M + 3.500%), 09/29/28 | 145,070 | 0.1 | ||
285,000 | Renaissance Learning, Inc. 2018 Add On Term Loan, 9.903%, (TSFR1M + 4.750%), 04/05/30 | 279,122 | 0.2 | ||
185,325 | The Knot Worldwide Inc. 2022 Term Loan, 9.688%, (TSFR1M + 4.500%), 12/19/25 | 184,861 | 0.2 | ||
150,000 | Topgolf Callaway Brands Corp. Term Loan B, 8.753%, (TSFR1M + 3.500%), 03/15/30 | 148,085 | 0.1 | ||
1,349,379 | 1.1 | ||||
Lodging & Casinos: 2.2% | |||||
358,158 | (2) | 24 Hour Fitness Worldwide, Inc. 2021 Delayed Draw Term Loan, 14.476%, (US0003M + 2.000%) (PIK Rate 7.000%, Cash Rate 6.953%), 09/29/25 | 322,342 | 0.3 | |
373,965 | (2) | 24 Hour Fitness Worldwide, Inc. 2021 Exit Delayed Draw Term Loan, 15.575%, (US0003M + 14.000%) (PIK Rate 12.000%, Cash Rate 6.953%), 09/29/26 | 205,681 | 0.2 | |
175,431 | ClubCorp Club Operations, Inc. 2017 Incremental Term Loan, 7.904%, (US0003M + 2.750%), 09/18/24 | 164,921 | 0.1 | ||
348,241 | Fertitta Entertainment, LLC 2022 Term Loan B, 9.153%, (SOFRRATE + 4.000%), 01/27/29 | 335,987 | 0.3 | ||
220,947 | Flynn Restaurant Group LP 2021 Term Loan B, 9.518%, (TSFR1M + 4.250%), 12/01/28 | 215,976 | 0.2 | ||
125,000 | Golden Entertainment, Inc. 2023 Term Loan B, 7.922%, (TSFR1M + 2.750%), 05/22/30 | 124,531 | 0.1 | ||
250,000 | Hilton Worldwide Finance, LLC 2019 Term Loan B2, 6.950%, (US0001M + 1.750%), 06/22/26 | 249,141 | 0.2 | ||
215,000 | Kingpin Intermediate Holdings LLC 2023 Term Loan B, 8.653%, (TSFR1M + 3.500%), 02/08/28 | 214,238 | 0.2 | ||
327,500 | (3),(4),(5),(6) | NPC International, Inc. 2nd Lien Term Loan, 1.000%, 04/18/25 | – | 0.0 | |
333,325 | Scientific Games Holdings LP 2022 USD Term Loan B, 8.421%, (TSFR1M + 3.500%), 04/04/29 | 322,246 | 0.2 | ||
483,129 | Twin River Worldwide Holdings, Inc. 2021 Term Loan B, 8.358%, (US0003M + 3.250%), 10/02/28 | 463,099 | 0.4 | ||
2,618,162 | 2.2 | ||||
Oil & Gas: 0.9% | |||||
63,483 | Glass Mountain Pipeline Holdings, LLC 2021 Exit Term Loan, 9.660%, (US0001M + 4.500%), 10/28/27 | 58,405 | 0.0 | ||
209,100 | M6 ETX Holdings II Midco LLC 2022 Term Loan B 1L, 9.682%, (TSFR1M + 4.500%), 09/19/29 | 206,172 | 0.2 | ||
190,751 | TransMontaigne Operating Company L.P. Term Loan B, 8.640%, (US0003M + 3.500%), 11/17/28 | 186,459 | 0.2 | ||
476,602 | Traverse Midstream Partners LLC 2017 Term Loan, 8.726%, (TSFR1M + 3.750%), 02/16/28 | 470,346 | 0.4 | ||
160,000 | Whitewater Whistler Holdings, LLC 2023 Term Loan B, 8.148%, (TSFR1M + 3.250%), 02/15/30 | 159,817 | 0.1 | ||
1,081,199 | 0.9 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Radio & Television: 0.7% | |||||
182,639 | Clear Channel Outdoor Holdings, Inc. Term Loan B, 8.807%, (TSFR1M + 3.500%), 08/21/26 | $ | 172,313 | 0.1 | |
212,347 | CMG Media Corporation 2021 Term Loan, 8.659%, (US0003M + 3.500%), 12/17/26 | 175,505 | 0.1 | ||
1,718,469 | (4),(5),(6) | Diamond Sports Group, LLC 2022 2nd Lien Term Loan, 8.422%, (TSFR1M + 3.250%), 08/24/26 | 88,072 | 0.1 | |
250,071 | Gray Television, Inc. 2021 Term Loan D, 8.108%, (TSFR1M + 3.000%), 12/01/28 | 238,368 | 0.2 | ||
2,538 | Sinclair Television Group Inc. Term Loan B2B, 7.768%, (TSFR1M + 2.500%), 09/30/26 | 2,244 | 0.0 | ||
182,688 | WideOpenWest Finance LLC 2021 Term Loan B, 7.898%, (TSFR1M + 3.000%), 12/20/28 | 177,649 | 0.2 | ||
854,151 | 0.7 | ||||
Rail Industries: 0.7% | |||||
191,809 | Avis Budget Car Rental, LLC 2022 Term Loan C, 8.753%, (TSFR1M + 3.500%), 03/16/29 | 191,785 | 0.2 | ||
1,016 | Kenan Advantage Group, Inc. 2021 Term Loan B1, 9.477%, (TSFR1M + 3.750%), 03/24/26 | 1,010 | 0.0 | ||
270,000 | Kenan Advantage Group, Inc. 2023 Term Loan, 9.727%, (TSFR1M + 4.000%), 03/24/26 | 268,523 | 0.2 | ||
379,050 | Uber Technologies, Inc. 2023 Term Loan B, 7.870%, (TSFR1M + 2.750%), 03/03/30 | 376,296 | 0.3 | ||
837,614 | 0.7 | ||||
Retailers (Except Food & Drug): 1.4% | |||||
477,228 | Anastasia Parent, LLC 2018 Term Loan B, 8.909%, (US0003M + 3.750%), 08/11/25 | 372,280 | 0.3 | ||
871 | Empire Today, LLC 2021 Term Loan B, 10.108%, (US0001M + 5.000%), 04/03/28 | 666 | 0.0 | ||
726,097 | Great Outdoors Group, LLC 2021 Term Loan B1, 8.904%, (US0001M + 3.750%), 03/06/28 | 706,886 | 0.6 | ||
150,000 | Sally Holdings, LLC 2023 Term Loan B, 7.653%, (TSFR1M + 2.500%), 02/28/30 | 149,906 | 0.1 | ||
590,769 | Staples, Inc. 7 Year Term Loan, 10.299%, (US0003M + 5.000%), 04/16/26 | 502,993 | 0.4 | ||
1,732,731 | 1.4 | ||||
Technology: 10.4% | |||||
260,902 | 24-7 Intouch Inc 2018 Term Loan, 9.904%, (US0001M + 4.750%), 08/25/25 | 255,684 | 0.2 | ||
198,433 | ABC Financial Services, Inc. 1st Lien Term Loan, 9.404%, (US0001M + 4.250%), 01/02/25 | 194,465 | 0.2 | ||
225,000 | Altar Bidco, Inc. 2021 2nd Lien Term Loan, 10.493%, (TSFR1M + 5.600%), 02/01/30 | 199,512 | 0.2 | ||
519,750 | AppLovin Corporation 2021 Term Loan B, 8.253%, (TSFR1M + 3.100%), 10/25/28 | 513,253 | 0.4 | ||
255,000 | Asurion LLC 2021 2nd Lien Term Loan B3, 10.404%, (US0001M + 5.250%), 01/31/28 | 210,922 | 0.2 | ||
240,713 | Atlas Purchaser, Inc. 2021 Term Loan, 10.385%, (US0003M + 5.250%), 05/08/28 | 167,536 | 0.1 | ||
403,964 | Avaya, Inc. 2023 Exit Term Loan, 12.528%, (TSFR1M + 8.500%), 08/01/28 | 372,657 | 0.3 | ||
745,621 | Banff Merger Sub Inc 2021 USD Term Loan, 8.904%, (US0001M + 3.750%), 10/02/25 | 736,332 | 0.6 | ||
387,784 | Bright Bidco B.V. 2022 Exit Term Loan, 14.045%, 10/31/27 | 248,182 | 0.2 | ||
159,982 | Constant Contact Inc Term Loan, 9.198%, (US0003M + 4.000%), 02/10/28 | 148,816 | 0.1 | ||
295,259 | Cornerstone OnDemand, Inc. 2021 Term Loan, 8.904%, (US0001M + 3.750%), 10/16/28 | 266,656 | 0.2 | ||
275,000 | Cvent, Inc. 2023 Term Loan B, 8.922%, (TSFR1M + 3.750%), 05/17/30 | 272,250 | 0.2 | ||
36,235 | Cyxtera DC Holdings, Inc. 2023 Term Loan, 10.160%, (TSFR1M + 7.000%), 05/01/24 | 35,872 | 0.0 | ||
393,571 | Helios Software Holdings, Inc. 2021 USD Term Loan B, 8.916%, (TSFR1M + 3.750%), 03/11/28 | 381,846 | 0.3 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Technology: (continued) | |||||
88,000 | Hyland Software, Inc. 2021 2nd Lien Term Loan, 11.404%, (US0001M + 6.250%), 07/07/25 | $ | 84,040 | 0.1 | |
203,378 | Imperva, Inc. 1st Lien Term Loan, 9.337%, (US0003M + 4.000%), 01/12/26 | 181,769 | 0.2 | ||
455,000 | Imperva, Inc. 2nd Lien Term Loan, 13.129%, (US0003M + 7.750%), 01/11/27 | 361,270 | 0.3 | ||
159,966 | Indy US Bidco, LLC 2023 USD Fifth Amendment Incremental Term Loan, 11.403%, (TSFR1M + 6.250%), 03/06/28 | 144,369 | 0.1 | ||
150,000 | Ivanti Software, Inc. 2021 2nd Lien Term Loan, 12.212%, (US0001M + 7.250%), 12/01/28 | 96,281 | 0.1 | ||
156,800 | Ivanti Software, Inc. 2021 Add On Term Loan B, 8.984%, (US0001M + 4.000%), 12/01/27 | 130,183 | 0.1 | ||
883,355 | Ivanti Software, Inc. 2021 Term Loan B, 9.212%, (US0001M + 4.250%), 12/01/27 | 741,650 | 0.6 | ||
255,882 | LogMeIn, Inc. Term Loan B, 9.904%, (US0001M + 4.750%), 08/31/27 | 156,408 | 0.1 | ||
506,627 | Magenta Buyer LLC 2021 USD 1st Lien Term Loan, 10.030%, (US0003M + 4.750%), 07/27/28 | 361,288 | 0.3 | ||
265,000 | Magenta Buyer LLC 2021 USD 2nd Lien Term Loan, 13.530%, (US0003M + 8.250%), 07/27/29 | 163,858 | 0.1 | ||
461,513 | McAfee, LLC 2022 USD Term Loan B, 8.843%, (TSFR1M + 3.750%), 03/01/29 | 433,739 | 0.4 | ||
121,949 | Misys (Finastra) - TL B 1L, 8.655%, (US0003M + 3.500%), 06/13/24 | 116,278 | 0.1 | ||
175,000 | Misys (Finastra) USD 2nd Lien Term Loan, 12.405%, (US0003M + 7.250%), 06/13/25 | 149,967 | 0.1 | ||
750,000 | Open Text Corporation 2022 Term Loan B, 8.753%, (TSFR1M + 3.500%), 01/31/30 | 749,531 | 0.6 | ||
225,000 | Quest Software US Holdings Inc. 2022 2nd Lien Term Loan, 12.695%, (SOFRRATE + 7.500%), 02/01/30 | 163,406 | 0.1 | ||
945,337 | Redstone Buyer LLC 2021 Term Loan, 10.005%, (US0003M + 4.750%), 04/27/28 | 810,627 | 0.7 | ||
609,431 | (2) | Riverbed Technology, Inc. 2021 PIK Exit Term Loan, 11.330%, (US0003M + 8.000%) (PIK Rate 2.000%, Cash Rate 11.330%), 12/07/26 | 150,834 | 0.1 | |
73,003 | Sabre GLBL Inc. 2021 Term Loan B1, 8.768%, (TSFR1M + 3.500%), 12/17/27 | 53,475 | 0.1 | ||
113,494 | Sabre GLBL Inc. 2021 Term Loan B2, 8.768%, (TSFR1M + 3.500%), 12/17/27 | 83,229 | 0.1 | ||
242,598 | Sabre GLBL, Inc. 2022 Term Loan B2 1L, 10.253%, (TSFR1M + 5.000%), 06/30/28 | 180,735 | 0.2 | ||
267,423 | SkillSoft Corporation 2021 Term Loan, 10.419%, (TSFR1M + 5.250%), 07/14/28 | 228,981 | 0.2 | ||
207,530 | Sovos Compliance, LLC 2021 Term Loan, 9.654%, (US0001M + 4.500%), 08/11/28 | 198,080 | 0.2 | ||
239,400 | Tibco Software Inc. 2022 USD Term Loan, 9.498%, (TSFR1M + 4.500%), 03/30/29 | 222,174 | 0.2 | ||
900,000 | Travelport Finance (Luxembourg) S.a.r.l. 2023 Consented Term Loan, 13.672%, (TSFR1M + 8.500%), 05/29/26 | 562,500 | 0.5 | ||
38,251 | Turing Midco LLC 2021 Term Loan B, 7.654%, (US0001M + 2.500%), 03/24/28 | 38,009 | 0.0 | ||
860,000 | Ultimate Software Group Inc (The) 2023 Incremental Term Loan, 9.672%, (TSFR1M + 4.500%), 05/04/26 | 843,342 | 0.7 | ||
808,122 | Veritas US Inc. 2021 USD Term Loan B, 10.153%, (US0003M + 5.000%), 09/01/25 | 615,309 | 0.5 | ||
193,250 | Virgin Pulse, Inc. 2021 Term Loan, 9.268%, (TSFR1M + 4.000%), 04/06/28 | 174,408 | 0.1 | ||
210,000 | World Wide Technology Holding Co. LLC Term Loan, 8.384%, (TSFR1M + 3.250%), 03/01/30 | 208,163 | 0.2 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
SENIOR LOANS*: (continued) | |||||
Technology: (continued) | |||||
151,892 | Xperi Corporation 2020 Term Loan B, 8.654%, (US0001M + 3.500%), 06/08/28 | $ | 150,468 | 0.1 | |
12,558,354 | 10.4 | ||||
Telecommunications: 1.4% | |||||
304,310 | Altice France S.A. USD Term Loan B11, 8.023%, (US0003M + 2.750%), 07/31/25 | 282,247 | 0.2 | ||
602,317 | CCI Buyer, Inc. Term Loan, 8.898%, (TSFR1M + 4.000%), 12/17/27 | 574,398 | 0.5 | ||
600,000 | Telesat Canada Term Loan B5, 8.030%, (US0003M + 2.750%), 12/07/26 | 347,329 | 0.3 | ||
283,575 | Venga Finance Sarl 2021 USD Term Loan B, 10.275%, (TSFR1M + 4.750%), 06/28/29 | 267,535 | 0.2 | ||
194,204 | Virgin Media Bristol LLC 2020 USD Term Loan Q, 8.357%, (US0001M + 3.250%), 01/31/29 | 188,863 | 0.2 | ||
1,660,372 | 1.4 | ||||
Utilities: 0.8% | |||||
644,108 | Nautilus Power, LLC 2023 Term Loan B, 10.240%, (TSFR1M + 5.250%), 11/16/26 | 484,691 | 0.4 | ||
542,470 | Waterbridge Midstream Operating LLC Term Loan B, 11.005%, (US0003M + 5.750%), 06/22/26 | 536,791 | 0.4 | ||
1,021,482 | 0.8 | ||||
Total Senior Loans | |||||
(Cost $74,176,658) | 68,349,742 | 56.5 | |||
CORPORATE BONDS/NOTES: 54.0% | |||||
: 1.8% | |||||
180,000 | # | Ashton Woods USA LLC / Ashton Woods Finance Co., 4.625%, 08/01/29 | 151,837 | 0.1 | |
180,000 | # | Brinker International, Inc., 5.000%, 10/01/24 | 177,095 | 0.1 | |
200,000 | # | Burford Capital Global Finance LLC, 6.250%, 04/15/28 | 187,021 | 0.2 | |
200,000 | # | CSC HOLDINGS LLC, 11.250%, 05/15/28 | 189,734 | 0.2 | |
200,000 | # | IQVIA, Inc., 6.500%, 05/15/30 | 203,632 | 0.2 | |
325,000 | # | Match Group Holdings II LLC, 5.625%, 02/15/29 | 306,441 | 0.3 | |
180,000 | # | Northern Oil and Gas, Inc., 8.750%, 06/15/31 | 176,291 | 0.1 | |
95,000 | # | Owens-Brockway Glass Container, Inc., 7.250%, 05/15/31 | 96,781 | 0.1 | |
540,000 | # | Venture Global LNG, Inc., 8.125%, 06/01/28 | 543,315 | 0.4 | |
180,000 | # | ZF North America Capital, Inc., 6.875%, 04/14/28 | 180,957 | 0.1 | |
2,213,104 | 1.8 | ||||
Basic Materials: 4.2% | |||||
110,000 | # | ASP Unifrax Holdings, Inc., 5.250%, 09/30/28 | 82,981 | 0.1 | |
195,000 | # | ASP Unifrax Holdings, Inc., 7.500%, 09/30/29 | 134,854 | 0.1 | |
390,000 | # | Cleveland-Cliffs, Inc., 4.625%, 03/01/29 | 347,101 | 0.3 | |
220,000 | # | Coeur Mining, Inc., 5.125%, 02/15/29 | 185,600 | 0.2 | |
150,000 | # | Consolidated Energy Finance S.A., 5.625%, 10/15/28 | 127,976 | 0.1 | |
250,000 | # | Constellium SE, 5.625%, 06/15/28 | 238,437 | 0.2 | |
400,000 | # | First Quantum Minerals Ltd., 6.875%, 10/15/27 | 381,440 | 0.3 | |
425,000 | # | HudBay Minerals, Inc., 4.500%, 04/01/26 | 389,972 | 0.3 | |
195,000 | # | Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.000%, 07/01/28 | 170,531 | 0.1 | |
200,000 | # | INEOS Quattro Finance 2 Plc, 3.375%, 01/15/26 | 183,754 | 0.2 | |
150,000 | #,(7) | Iris Holdings, Inc., 8.750% (PIK Rate 9.500%, Cash Rate 8.750%), 02/15/26 | 141,000 | 0.1 | |
195,000 | # | LSF11 A5 Holdco LLC, 6.625%, 10/15/29 | 166,783 | 0.1 | |
305,000 | # | Mativ, Inc., 6.875%, 10/01/26 | 268,039 | 0.2 | |
475,000 | # | Novelis Corp., 4.750%, 01/30/30 | 421,987 | 0.4 | |
275,000 | # | Nufarm Australia Ltd. / Nufarm Americas, Inc., 5.000%, 01/27/30 | 248,090 | 0.2 | |
445,000 | Olin Corp., 5.625%, 08/01/29 | 426,906 | 0.4 | ||
400,000 | # | Olympus Water US Holding Corp., 6.250%, 10/01/29 | 297,371 | 0.2 | |
200,000 | # | SPCM SA, 3.125%, 03/15/27 | 183,299 | 0.2 | |
200,000 | # | Taseko Mines Ltd., 7.000%, 02/15/26 | 179,465 | 0.1 | |
250,000 | # | Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc., 5.375%, 09/01/25 | 197,131 | 0.2 | |
350,000 | # | Tronox, Inc., 4.625%, 03/15/29 | 284,501 | 0.2 | |
5,057,218 | 4.2 | ||||
Communications: 6.9% | |||||
200,000 | # | Acuris Finance Us, Inc. / Acuris Finance SARL, 5.000%, 05/01/28 | 154,756 | 0.1 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
CORPORATE BONDS/NOTES: (continued) | |||||
Communications: (continued) | |||||
400,000 | # | Altice France Holding SA, 6.000%, 02/15/28 | $ | 198,368 | 0.2 |
400,000 | # | Altice France SA/France, 5.500%, 10/15/29 | 290,640 | 0.2 | |
70,000 | AMC Networks, Inc., 4.250%, 02/15/29 | 39,997 | 0.0 | ||
225,000 | # | Beasley Mezzanine Holdings LLC, 8.625%, 02/01/26 | 148,605 | 0.1 | |
1,275,000 | # | CCO Holdings LLC / CCO Holdings Capital Corp., 4.750%, 03/01/30 | 1,076,825 | 0.9 | |
375,000 | # | CommScope Technologies LLC, 5.000%, 03/15/27 | 252,684 | 0.2 | |
255,000 | # | CommScope, Inc., 4.750%, 09/01/29 | 201,165 | 0.2 | |
200,000 | # | Connect Finco SARL / Connect US Finco LLC, 6.750%, 10/01/26 | 193,078 | 0.2 | |
140,000 | CSC Holdings LLC, 5.250%, 06/01/24 | 129,998 | 0.1 | ||
525,000 | # | Directv Financing LLC / Directv Financing Co-Obligor, Inc., 5.875%, 08/15/27 | 463,020 | 0.4 | |
275,000 | # | DISH DBS Corp., 5.250%, 12/01/26 | 217,744 | 0.2 | |
400,000 | DISH DBS Corp., 7.375%, 07/01/28 | 204,999 | 0.2 | ||
200,000 | Embarq Corp., 7.995%, 06/01/36 | 99,680 | 0.1 | ||
85,000 | # | GCI LLC, 4.750%, 10/15/28 | 71,872 | 0.1 | |
150,000 | # | iHeartCommunications, Inc., 5.250%, 08/15/27 | 105,544 | 0.1 | |
200,000 | # | ION Trading Technologies Sarl, 5.750%, 05/15/28 | 166,446 | 0.1 | |
400,000 | # | LCPR Senior Secured Financing DAC, 6.750%, 10/15/27 | 371,672 | 0.3 | |
115,000 | # | Level 3 Financing, Inc., 10.500%, 05/15/30 | 109,389 | 0.1 | |
165,000 | # | McGraw-Hill Education, Inc., 8.000%, 08/01/29 | 137,957 | 0.1 | |
305,000 | # | Millennium Escrow Corp., 6.625%, 08/01/26 | 209,030 | 0.2 | |
250,000 | Paramount Global, 6.250%, 02/28/57 | 185,408 | 0.1 | ||
225,000 | # | Radiate Holdco LLC / Radiate Finance, Inc., 6.500%, 09/15/28 | 113,329 | 0.1 | |
475,000 | # | Sirius XM Radio, Inc., 5.000%, 08/01/27 | 431,261 | 0.4 | |
195,000 | # | Spanish Broadcasting System, Inc., 9.750%, 03/01/26 | 127,589 | 0.1 | |
220,000 | # | Stagwell Global LLC, 5.625%, 08/15/29 | 189,079 | 0.2 | |
325,000 | Telecom Italia Capital SA, 6.375%, 11/15/33 | 283,709 | 0.2 | ||
165,000 | # | Uber Technologies, Inc., 8.000%, 11/01/26 | 168,434 | 0.1 | |
625,000 | # | Univision Communications, Inc., 6.625%, 06/01/27 | 592,646 | 0.5 | |
140,000 | # | Urban One, Inc., 7.375%, 02/01/28 | 126,155 | 0.1 | |
365,000 | # | ViaSat, Inc., 5.625%, 09/15/25 | 351,148 | 0.3 | |
85,000 | # | ViaSat, Inc., 5.625%, 04/15/27 | 79,704 | 0.1 | |
300,000 | # | Viavi Solutions, Inc., 3.750%, 10/01/29 | 252,967 | 0.2 | |
200,000 | # | Virgin Media Vendor Financing Notes IV DAC, 5.000%, 07/15/28 | 174,045 | 0.1 | |
300,000 | # | Vmed O2 UK Financing I PLC, 4.750%, 07/15/31 | 246,972 | 0.2 | |
250,000 | # | Zayo Group Holdings, Inc., 6.125%, 03/01/28 | 150,883 | 0.1 | |
8,316,798 | 6.9 | ||||
Consumer, Cyclical: 13.8% | |||||
225,000 | # | 1011778 BC ULC / New Red Finance, Inc., 4.375%, 01/15/28 | 206,891 | 0.2 | |
365,000 | # | Academy Ltd., 6.000%, 11/15/27 | 352,820 | 0.3 | |
400,000 | # | Adient Global Holdings Ltd., 4.875%, 08/15/26 | 379,017 | 0.3 | |
275,000 | # | Affinity Gaming, 6.875%, 12/15/27 | 240,927 | 0.2 | |
375,000 | # | Allison Transmission, Inc., 5.875%, 06/01/29 | 362,200 | 0.3 | |
695,000 | # | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.500%, 04/20/26 | 682,706 | 0.6 | |
245,000 | # | Arko Corp., 5.125%, 11/15/29 | 193,184 | 0.2 | |
400,000 | Asbury Automotive Group, Inc., 4.500%, 03/01/28 | 365,344 | 0.3 | ||
475,000 | # | Bath & Body Works, Inc., 6.625%, 10/01/30 | 453,132 | 0.4 | |
300,000 | # | Caesars Entertainment, Inc., 4.625%, 10/15/29 | 259,009 | 0.2 | |
250,000 | # | Caesars Entertainment, Inc., 6.250%, 07/01/25 | 249,471 | 0.2 | |
800,000 | # | Carnival Corp., 4.000%, 08/01/28 | 698,472 | 0.6 | |
150,000 | # | CCM Merger, Inc., 6.375%, 05/01/26 | 145,160 | 0.1 | |
33,000 | # | Cinemark USA, Inc., 8.750%, 05/01/25 | 33,622 | 0.0 | |
250,000 | # | Crocs, Inc., 4.250%, 03/15/29 | 215,790 | 0.2 | |
325,000 | Delta Air Lines 2020-1 Class A Pass Through Trust, 7.375%, 01/15/26 | 341,436 | 0.3 | ||
195,000 | # | Foot Locker, Inc., 4.000%, 10/01/29 | 146,544 | 0.1 | |
1,700,000 | Ford Motor Credit Co. LLC, 4.125%, 08/17/27 | 1,537,955 | 1.3 | ||
300,000 | # | Gap, Inc./The, 3.625%, 10/01/29 | 211,484 | 0.2 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
CORPORATE BONDS/NOTES: (continued) | |||||
Consumer, Cyclical: (continued) | |||||
125,000 | # | Golden Entertainment, Inc., 7.625%, 04/15/26 | $ | 125,310 | 0.1 |
200,000 | # | Hanesbrands, Inc., 4.875%, 05/15/26 | 186,575 | 0.2 | |
300,000 | # | Installed Building Products, Inc., 5.750%, 02/01/28 | 281,376 | 0.2 | |
365,000 | # | Interface, Inc., 5.500%, 12/01/28 | 285,101 | 0.2 | |
600,000 | # | International Game Technology PLC, 6.250%, 01/15/27 | 599,364 | 0.5 | |
195,000 | # | LBM Acquisition LLC, 6.250%, 01/15/29 | 154,625 | 0.1 | |
225,000 | # | LCM Investments Holdings II LLC, 4.875%, 05/01/29 | 187,905 | 0.2 | |
250,000 | # | Lions Gate Capital Holdings LLC, 5.500%, 04/15/29 | 177,804 | 0.1 | |
325,000 | M/I Homes, Inc., 4.950%, 02/01/28 | 304,478 | 0.3 | ||
325,000 | # | Macy's Retail Holdings LLC, 6.125%, 03/15/32 | 275,803 | 0.2 | |
350,000 | # | Mattel, Inc., 3.750%, 04/01/29 | 305,895 | 0.3 | |
200,000 | # | Melco Resorts Finance Ltd., 5.375%, 12/04/29 | 160,629 | 0.1 | |
180,000 | MGM Resorts International, 4.625%, 09/01/26 | 170,349 | 0.1 | ||
300,000 | Murphy Oil USA, Inc., 4.750%, 09/15/29 | 277,389 | 0.2 | ||
450,000 | # | NCL Corp. Ltd, 5.875%, 03/15/26 | 408,711 | 0.3 | |
250,000 | # | PetSmart, Inc. / PetSmart Finance Corp., 7.750%, 02/15/29 | 243,120 | 0.2 | |
65,000 | # | Ritchie Bros Holdings, Inc., 7.750%, 03/15/31 | 67,829 | 0.1 | |
765,000 | # | Royal Caribbean Cruises Ltd., 5.375%, 07/15/27 | 705,726 | 0.6 | |
150,000 | # | Royal Caribbean Cruises Ltd., 11.500%, 06/01/25 | 158,678 | 0.1 | |
180,000 | Sally Holdings LLC / Sally Capital, Inc., 5.625%, 12/01/25 | 177,999 | 0.1 | ||
250,000 | # | Scientific Games International, Inc., 7.000%, 05/15/28 | 247,495 | 0.2 | |
325,000 | Shea Homes L.P. / Shea Homes Funding Corp., 4.750%, 02/15/28 | 285,329 | 0.2 | ||
325,000 | # | Sonic Automotive, Inc., 4.625%, 11/15/29 | 269,285 | 0.2 | |
250,000 | # | SRS Distribution, Inc., 6.125%, 07/01/29 | 207,299 | 0.2 | |
250,000 | # | Staples, Inc., 10.750%, 04/15/27 | 153,592 | 0.1 | |
275,000 | # | Station Casinos LLC, 4.500%, 02/15/28 | 245,063 | 0.2 | |
250,000 | # | STL Holding Co. LLC, 7.500%, 02/15/26 | 226,315 | 0.2 | |
365,000 | # | Taylor Morrison Communities, Inc., 5.750%, 01/15/28 | 354,581 | 0.3 | |
400,000 | # | Tempur Sealy International, Inc., 4.000%, 04/15/29 | 340,945 | 0.3 | |
325,000 | # | United Airlines 2015-1 Class AA Pass Through Trust, 4.625%, 04/15/29 | 294,729 | 0.2 | |
250,000 | United Airlines Holdings, Inc., 4.875%, 01/15/25 | 244,711 | 0.2 | ||
325,000 | # | Victoria's Secret & Co., 4.625%, 07/15/29 | 249,819 | 0.2 | |
225,000 | # | Viking Cruises Ltd., 5.875%, 09/15/27 | 198,547 | 0.2 | |
85,000 | # | Viking Cruises Ltd., 13.000%, 05/15/25 | 89,404 | 0.1 | |
250,000 | # | William Carter Co/The, 5.625%, 03/15/27 | 244,444 | 0.2 | |
165,000 | # | Williams Scotsman International, Inc., 4.625%, 08/15/28 | 150,950 | 0.1 | |
475,000 | # | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.250%, 05/15/27 | 447,161 | 0.4 | |
80,000 | # | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., 7.125%, 02/15/31 | 80,059 | 0.1 | |
16,659,558 | 13.8 | ||||
Consumer, Non-cyclical: 8.0% | |||||
275,000 | # | Acadia Healthcare Co., Inc., 5.500%, 07/01/28 | 261,726 | 0.2 | |
465,000 | # | ADT Security Corp./The, 4.125%, 08/01/29 | 406,382 | 0.3 | |
675,000 | # | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 5.875%, 02/15/28 | 660,319 | 0.5 | |
250,000 | # | Alta Equipment Group, Inc., 5.625%, 04/15/26 | 229,525 | 0.2 | |
275,000 | # | AMN Healthcare, Inc., 4.625%, 10/01/27 | 254,397 | 0.2 | |
275,000 | # | APi Escrow Corp., 4.750%, 10/15/29 | 247,413 | 0.2 | |
165,000 | # | BellRing Brands, Inc., 7.000%, 03/15/30 | 167,438 | 0.1 | |
400,000 | # | Cheplapharm Arzneimittel GmbH, 5.500%, 01/15/28 | 358,539 | 0.3 | |
350,000 | # | CHS/Community Health Systems, Inc., 5.625%, 03/15/27 | 299,940 | 0.2 | |
315,000 | # | CPI CG, Inc., 8.625%, 03/15/26 | 304,386 | 0.3 | |
410,000 | # | DaVita, Inc., 4.625%, 06/01/30 | 351,682 | 0.3 | |
275,000 | Encompass Health Corp., 4.750%, 02/01/30 | 250,873 | 0.2 | ||
275,000 | # | Garda World Security Corp., 7.750%, 02/15/28 | 276,110 | 0.2 | |
275,000 | # | Graham Holdings Co., 5.750%, 06/01/26 | 271,936 | 0.2 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
CORPORATE BONDS/NOTES: (continued) | |||||
Consumer, Non-cyclical: (continued) | |||||
200,000 | # | Jazz Securities DAC, 4.375%, 01/15/29 | $ | 179,376 | 0.2 |
225,000 | # | KeHE Distributors LLC / KeHE Finance Corp., 8.625%, 10/15/26 | 226,084 | 0.2 | |
200,000 | # | Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer, Inc., 5.000%, 02/01/26 | 178,715 | 0.1 | |
275,000 | # | Medline Borrower L.P., 3.875%, 04/01/29 | 237,473 | 0.2 | |
195,000 | # | Medline Borrower L.P., 5.250%, 10/01/29 | 167,052 | 0.1 | |
165,000 | # | MPH Acquisition Holdings LLC, 5.750%, 11/01/28 | 118,137 | 0.1 | |
195,000 | # | NESCO Holdings II, Inc., 5.500%, 04/15/29 | 172,581 | 0.1 | |
400,000 | # | Organon & Co. / Organon Foreign Debt Co-Issuer BV, 5.125%, 04/30/31 | 339,909 | 0.3 | |
125,000 | # | PECF USS Intermediate Holding III Corp., 8.000%, 11/15/29 | 64,812 | 0.1 | |
200,000 | # | Picasso Finance Sub, Inc., 6.125%, 06/15/25 | 199,281 | 0.2 | |
475,000 | # | Post Holdings, Inc., 5.500%, 12/15/29 | 442,069 | 0.4 | |
365,000 | # | Primo Water Holdings, Inc., 4.375%, 04/30/29 | 314,471 | 0.3 | |
180,000 | # | Select Medical Corp., 6.250%, 08/15/26 | 175,243 | 0.1 | |
195,000 | # | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 03/01/29 | 158,664 | 0.1 | |
300,000 | # | Spectrum Brands, Inc., 5.000%, 10/01/29 | 268,245 | 0.2 | |
220,000 | # | Teleflex, Inc., 4.250%, 06/01/28 | 202,596 | 0.2 | |
500,000 | Tenet Healthcare Corp., 4.625%, 06/15/28 | 465,444 | 0.4 | ||
365,000 | Tenet Healthcare Corp., 6.125%, 10/01/28 | 346,297 | 0.3 | ||
200,000 | Teva Pharmaceutical Finance Netherlands III BV, 4.750%, 05/09/27 | 184,530 | 0.2 | ||
290,000 | # | Triton Water Holdings, Inc., 6.250%, 04/01/29 | 242,189 | 0.2 | |
140,000 | # | United Natural Foods, Inc., 6.750%, 10/15/28 | 130,753 | 0.1 | |
325,000 | United Rentals North America, Inc., 5.250%, 01/15/30 | 308,427 | 0.3 | ||
200,000 | # | Varex Imaging Corp., 7.875%, 10/15/27 | 198,934 | 0.2 | |
9,661,948 | 8.0 | ||||
Energy: 6.7% | |||||
425,000 | # | Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.750%, 03/01/27 | 407,810 | 0.3 | |
130,000 | # | Antero Resources Corp., 7.625%, 02/01/29 | 132,418 | 0.1 | |
450,000 | Apache Corp., 4.250%, 01/15/30 | 404,586 | 0.3 | ||
425,000 | # | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.250%, 04/01/28 | 394,775 | 0.3 | |
280,000 | # | Ascent Resources Utica Holdings LLC / ARU Finance Corp., 5.875%, 06/30/29 | 246,135 | 0.2 | |
200,000 | # | Atlantica Sustainable Infrastructure PLC, 4.125%, 06/15/28 | 179,116 | 0.2 | |
240,000 | # | Chord Energy Corp., 6.375%, 06/01/26 | 236,650 | 0.2 | |
250,000 | # | CNX Midstream Partners LP, 4.750%, 04/15/30 | 207,324 | 0.2 | |
325,000 | # | Colgate Energy Partners III LLC, 5.875%, 07/01/29 | 304,693 | 0.3 | |
325,000 | # | Crescent Energy Finance LLC, 7.250%, 05/01/26 | 302,610 | 0.3 | |
425,000 | # | Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp., 5.625%, 05/01/27 | 401,395 | 0.3 | |
325,000 | # | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 7.125%, 06/01/28 | 296,125 | 0.3 | |
445,000 | # | DT Midstream, Inc., 4.125%, 06/15/29 | 386,499 | 0.3 | |
300,000 | # | Earthstone Energy Holdings LLC, 8.000%, 04/15/27 | 292,310 | 0.2 | |
300,000 | # | Encino Acquisition Partners Holdings LLC, 8.500%, 05/01/28 | 275,937 | 0.2 | |
165,000 | # | Enerflex Ltd., 9.000%, 10/15/27 | 160,702 | 0.1 | |
500,000 | EnLink Midstream LLC, 5.375%, 06/01/29 | 474,443 | 0.4 | ||
425,000 | # | Hess Midstream Operations L.P., 5.125%, 06/15/28 | 398,510 | 0.3 | |
450,000 | # | Hilcorp Energy I L.P. / Hilcorp Finance Co., 6.000%, 04/15/30 | 406,146 | 0.3 | |
350,000 | # | Kinetik Holdings L.P., 5.875%, 06/15/30 | 331,996 | 0.3 | |
350,000 | # | Moss Creek Resources Holdings, Inc., 7.500%, 01/15/26 | 322,891 | 0.3 | |
400,000 | Murphy Oil Corp., 6.375%, 07/15/28 | 394,712 | 0.3 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | ||
CORPORATE BONDS/NOTES: (continued) | |||||
Energy: (continued) | |||||
140,000 | # | Nabors Industries, Inc., 7.375%, 05/15/27 | $ | 131,684 | 0.1 |
220,000 | Southwestern Energy Co., 5.375%, 02/01/29 | 205,133 | 0.2 | ||
305,000 | # | SunCoke Energy, Inc., 4.875%, 06/30/29 | 251,444 | 0.2 | |
390,000 | Sunoco L.P. / Sunoco Finance Corp., 4.500%, 05/15/29 | 347,741 | 0.3 | ||
134,063 | # | Transocean Poseidon Ltd., 6.875%, 02/01/27 | 131,069 | 0.1 | |
110,000 | # | Transocean, Inc., 7.500%, 01/15/26 | 102,007 | 0.1 | |
8,126,861 | 6.7 | ||||
Financial: 4.4% | |||||
275,000 | Ally Financial, Inc., 5.750%, 11/20/25 | 267,316 | 0.2 | ||
140,000 | # | Aretec Escrow Issuer, Inc., 7.500%, 04/01/29 | 119,906 | 0.1 | |
195,000 | # | BroadStreet Partners, Inc., 5.875%, 04/15/29 | 168,938 | 0.1 | |
265,000 | # | Freedom Mortgage Corp., 7.625%, 05/01/26 | 231,876 | 0.2 | |
420,000 | # | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.250%, 02/01/27 | 356,320 | 0.3 | |
400,000 | # | Midcap Financial Issuer Trust, 6.500%, 05/01/28 | 352,164 | 0.3 | |
400,000 | MPT Operating Partnership L.P. / MPT Finance Corp., 5.000%, 10/15/27 | 328,959 | 0.3 | ||
365,000 | # | Nationstar Mortgage Holdings, Inc., 5.500%, 08/15/28 | 316,163 | 0.2 | |
575,000 | Navient Corp., 5.000%, 03/15/27 | 500,721 | 0.4 | ||
825,000 | OneMain Finance Corp., 3.500%, 01/15/27 | 687,881 | 0.6 | ||
290,000 | # | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer, 5.875%, 10/01/28 | 265,350 | 0.2 | |
325,000 | # | PRA Group, Inc., 5.000%, 10/01/29 | 244,184 | 0.2 | |
140,000 | # | Realogy Group LLC / Realogy Co-Issuer Corp., 5.750%, 01/15/29 | 101,295 | 0.1 | |
390,000 | # | RLJ Lodging Trust L.P., 3.750%, 07/01/26 | 355,775 | 0.3 | |
365,000 | # | United Wholesale Mortgage LLC, 5.750%, 06/15/27 | 329,584 | 0.3 | |
200,000 | # | Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 6.500%, 02/15/29 | 128,380 | 0.1 | |
225,000 | # | Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 10.500%, 02/15/28 | 218,503 | 0.2 | |
200,000 | # | VistaJet Malta Finance PLC / XO Management Holding, Inc., 6.375%, 02/01/30 | 159,245 | 0.1 | |
275,000 | # | XHR L.P., 4.875%, 06/01/29 | 235,806 | 0.2 | |
5,368,366 | 4.4 | ||||
Industrial: 6.3% | |||||
200,000 | #,(7) | ARD Finance SA, 6.500% (PIK Rate 7.250%, Cash Rate 6.500%), 06/30/27 | 155,676 | 0.1 | |
235,000 | Ball Corp., 6.875%, 03/15/28 | 240,654 | 0.2 | ||
225,000 | # | Bombardier, Inc., 7.875%, 04/15/27 | 222,722 | 0.2 | |
200,000 | # | Brundage-Bone Concrete Pumping Holdings, Inc., 6.000%, 02/01/26 | 185,727 | 0.1 | |
275,000 | # | Builders FirstSource, Inc., 5.000%, 03/01/30 | 255,226 | 0.2 | |
235,000 | # | Cargo Aircraft Management, Inc., 4.750%, 02/01/28 | 204,109 | 0.2 | |
350,000 | # | Cascades, Inc./Cascades USA, Inc., 5.375%, 01/15/28 | 328,498 | 0.3 | |
300,000 | # | Chart Industries, Inc., 7.500%, 01/01/30 | 303,396 | 0.2 | |
225,000 | # | Clean Harbors, Inc., 5.125%, 07/15/29 | 213,532 | 0.2 | |
195,000 | # | Energizer Holdings, Inc., 4.750%, 06/15/28 | 173,757 | 0.1 | |
375,000 | # | Fortress Transportation and Infrastructure Investors LLC, 5.500%, 05/01/28 | 337,071 | 0.3 | |
385,000 | # | GFL Environmental, Inc., 4.000%, 08/01/28 | 344,134 | 0.3 | |
275,000 | # | Global Infrastructure Solutions, Inc., 5.625%, 06/01/29 | 227,199 | 0.2 | |
300,000 | # | GrafTech Finance, Inc., 4.625%, 12/15/28 | 239,606 | 0.2 | |
175,000 | # | Graham Packaging Co., Inc., 7.125%, 08/15/28 | 148,556 | 0.1 | |
390,000 | # | Imola Merger Corp., 4.750%, 05/15/29 | 335,932 | 0.3 | |
50,000 | #,(7) | Intelligent Packaging Holdco Issuer LP, 9.000% (PIK Rate 9.750%, Cash Rate 9.000%), 01/15/26 | 36,742 | 0.0 | |
250,000 | # | Intelligent Packaging Ltd. Finco, Inc. / Intelligent Packaging Ltd. Co-Issuer LLC, 6.000%, 09/15/28 | 209,437 | 0.2 | |
245,000 | # | New Enterprise Stone & Lime Co., Inc., 9.750%, 07/15/28 | 233,004 | 0.2 | |
300,000 | # | PGT Innovations, Inc., 4.375%, 10/01/29 | 274,213 | 0.2 |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
Principal Amount† | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets | |||||
CORPORATE BONDS/NOTES: (continued) | ||||||||
Industrial: (continued) | ||||||||
250,000 | # | Roller Bearing Co. of America, Inc., 4.375%, 10/15/29 | $ | 221,562 | 0.2 | |||
400,000 | # | Rolls-Royce PLC, 5.750%, 10/15/27 | 389,890 | 0.3 | ||||
375,000 | # | Sealed Air Corp., 4.000%, 12/01/27 | 342,707 | 0.3 | ||||
420,000 | # | Sensata Technologies BV, 4.000%, 04/15/29 | 374,641 | 0.3 | ||||
650,000 | # | Standard Industries, Inc./NJ, 4.750%, 01/15/28 | 597,012 | 0.5 | ||||
390,000 | # | Summit Materials LLC / Summit Materials Finance Corp., 5.250%, 01/15/29 | 366,458 | 0.3 | ||||
450,000 | TransDigm, Inc., 6.375%, 06/15/26 | 445,195 | 0.4 | |||||
275,000 | # | Weekley Homes LLC / Weekley Finance Corp., 4.875%, 09/15/28 | 241,482 | 0.2 | ||||
7,648,138 | 6.3 | |||||||
Technology: 1.6% | ||||||||
220,000 | # | Condor Merger Sub, Inc., 7.375%, 02/15/30 | 185,235 | 0.2 | ||||
250,000 | # | Consensus Cloud Solutions, Inc., 6.500%, 10/15/28 | 218,159 | 0.2 | ||||
275,000 | # | Entegris Escrow Corp., 6.950%, 06/15/30 | 265,189 | 0.2 | ||||
445,000 | # | NCR Corp., 5.125%, 04/15/29 | 389,803 | 0.3 | ||||
400,000 | # | Open Text Holdings, Inc., 4.125%, 02/15/30 | 339,231 | 0.3 | ||||
325,000 | # | Playtika Holding Corp., 4.250%, 03/15/29 | 275,967 | 0.2 | ||||
175,000 | # | Rackspace Technology Global, Inc., 5.375%, 12/01/28 | 45,016 | 0.0 | ||||
330,000 | # | Virtusa Corp., 7.125%, 12/15/28 | 263,495 | 0.2 | ||||
1,982,095 | 1.6 | |||||||
Utilities: 0.3% | ||||||||
400,000 | # | Vistra Operations Co. LLC, 5.625%, 02/15/27 | 385,136 | 0.3 | ||||
Total Corporate Bonds/Notes | ||||||||
(Cost $67,021,902) | 65,419,222 | 54.0 | ||||||
ASSET-BACKED SECURITIES: 0.6% | ||||||||
Other Asset-Backed Securities: 0.6% | ||||||||
250,000 | # | Aimco 2019-10A DR, 8.417%, (US0003M + 2.900%), 07/22/32 | 236,438 | 0.2 | ||||
550,000 | # | Benefit Street Partners CLO Ltd. 2019-19A D, 9.317%, (US0003M + 3.800%), 01/15/33 | 527,104 | 0.4 | ||||
Total Asset-Backed Securities | ||||||||
(Cost $757,952) | 763,542 | 0.6 | ||||||
Shares | Value | Percentage of Net Assets | ||||||
EQUITIES AND OTHER ASSETS: 1.6% | ||||||||
135,911 | (3),(8) | 24 Hour Fitness Worldwide, Inc. | $ | 815 | 0.0 | |||
181,068 | (3),(8) | 24 Hour Fitness Worldwide, Inc. - Preferred | 905 | 0.0 | ||||
16,999 | (3),(8) | Avaya, Inc. | 265,609 | 0.2 | ||||
25,562 | (3),(8) | Cineworld Group PLC | – | 0.0 | ||||
23,578 | (8) | Cumulus Media, Inc. Class-A | 75,921 | 0.1 | ||||
4,081 | (3),(8) | GTT Communications, Inc. | 53,053 | 0.0 | ||||
24,046 | (3),(8) | Harvey Gulf International Marine LLC | 841,611 | 0.7 | ||||
4,941 | (3),(8) | iQor | 2,471 | 0.0 | ||||
41,629 | (3) | Longview Power LLC | 499,548 | 0.4 | ||||
2,581 | (3),(8) | Riverbed Technology, Inc. | – | 0.0 | ||||
29,663 | (3),(8) | Save-A-Lot, Inc. / Moran Foods | 7,653 | 0.0 | ||||
42,856 | (3),(8) | The Oneida Group (formerly EveryWare Global, Inc.) | 429 | 0.0 | ||||
13,045 | (3),(8) | Yak Access LLC Common Unit Series A | 130 | 0.0 | ||||
1,333 | (3),(8) | Yak Access LLC Common Unit Series B | 13 | 0.0 | ||||
359,997 | (3),(8) | Yak Access LLC Preferred Series A | 190,799 | 0.2 | ||||
405,896 | (3),(8) | Yak Access LLC Preferred Series B1 | 4,059 | 0.0 | ||||
5,711 | (3),(8) | Yak Access LLC Preferred Series B2 | 57 | 0.0 | ||||
Total Equities and Other Assets | ||||||||
(Cost $2,537,518) | 1,943,073 | 1.6 | ||||||
Total Investments (Cost $144,494,030) | $ | 136,475,579 | 112.7 | |||||
Liabilities in Excess of Other Assets | (15,376,560 | ) | (12.7 | ) | ||||
Net Assets | $ | 121,099,019 | 100.0 |
* | Senior loans, while exempt from registration under the Securities Act of 1933, as amended, contain certain restrictions on resale and cannot be sold publicly. These senior loans bear interest (unless otherwise noted) at rates that float periodically at a margin above the London Inter-Bank Offered Rate (“LIBOR”) and other short-term rates. |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | Securities with purchases pursuant to Rule 144A or section 4(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(1) | All or a portion of this holding is subject to unfunded loan commitments. Please refer to Note X for additional details. |
(2) | All or a portion of this Senior Loan is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates. |
(3) | For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs. |
(4) | Senior loan is not accruing income because the borrower has missed or is expected to miss principal and/or interest payments. The rate shown is the contractual interest rate. |
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
(5) | Defaulted senior loan. Currently, the borrower is partially or fully in default with respect to principal and/or interest payments. |
(6) | The borrower has filed for protection in federal bankruptcy court. |
(7) | All or a portion of this Loan is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates. |
(8) | Non-income producing security. |
Reference Rate Abbreviations: | |
EUR001M | 1-month EURIBOR |
SOFRRATE | 1-day Secured Overnight Financing Rate |
TSFR1M | 1-month CME Term Secured Overnight Financing Rate |
TSFR3M | 3-month CME Term Secured Overnight Financing Rate |
US0001M | 1-month LIBOR |
US0003M | 3-month LIBOR |
US0006M | 6-month LIBOR |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of May 31, 2023 in valuing the assets and liabilities:(1)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at May 31, 2023 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Senior Loans | $ | – | $ | 68,173,230 | $ | 176,512 | $ | 68,349,742 | ||||||||
Corporate Bonds/Notes | – | 65,419,222 | – | 65,419,222 | ||||||||||||
Equities and Other Assets | 75,921 | – | 1,867,152 | 1,943,073 | ||||||||||||
Asset-Backed Securities | – | 763,542 | – | 763,542 | ||||||||||||
Total Investments, at fair value | $ | 75,921 | $ | 134,355,994 | $ | 2,043,664 | $ | 136,475,579 | ||||||||
Other Financial Instruments+ | ||||||||||||||||
Forward Foreign Currency Contracts | – | 1,229 | – | 1,229 | ||||||||||||
Total Assets | $ | 75,921 | $ | 134,357,223 | $ | 2,043,664 | $ | 136,476,808 |
(1) | For the period ended May 31, 2023, certain securities have transferred in and out of Level 2 and Level 3 measurements during the year. At May 31, 2023, securities valued at $2,155,488 were transferred from Level 2 to Level 3 within the fair value hierarchy due to a lack of significant other observable inputs. |
+ | Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and include open forward foreign currency contracts which are fair valued at the unrealized appreciation (depreciation) on the instrument. |
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio's assets and liabilities during the period ended May 31, 2023:
Equities and Other Assets* | Senior Loans** | Total | ||||||||||
Assets: | ||||||||||||
Beginning balance at February 28, 2023 | $ | 1,048,773 | $ | - | $ | 1,048,773 | ||||||
Purchases | 460,667 | - | 460,667 | |||||||||
Sales | - | - | - | |||||||||
Accrued discounts/(premiums) | - | - | - | |||||||||
Total realized gain (loss) | - | - | - | |||||||||
Net change in unrealized appreciation (depreciation)** | 357,712 | - | 357,712 | |||||||||
Transfers into Level 3 | - | 176,512 | 176,512 | |||||||||
Transfers out of Level 3 | - | - | - | |||||||||
Ending balance at May 31, 2023 | $ | 1,867,152 | $ | 176,512 | $ | 2,043,664 | ||||||
Net change in unrealized appreciation (depreciation) on Level 3 securities still held as of May 31, 2023*** | $ | 357,712 | $ | - | $ | 357,712 |
* Securities categorized as Level 3 were fair valued based on a single quotation obtained from a broker. The Fund does not have access to the unobservable inputs and therefore cannot disclose such inputs used in formulating such quotation.
** Senior loan transferred into Level 3 due to lack of significant other unobservable inputs.
*** Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on Level 3 securities still held at May 31, 2023 may be due to securities no longer held or categorized as Level 3 at period end.
Voya Credit Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2023 (Unaudited) (Continued) |
At May 31, 2023, the following forward foreign currency contracts were outstanding for Voya Credit Income Fund:
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||
USD 36,311 | EUR 32,800 | State Street Bank & Trust Co. | 06/13/23 | $ | 1,229 | |||||
$ | 1,229 |
Currency Abbreviations | ||
EUR | - | EU Euro |
USD | - | United States Dollar |
Net unrealized depreciation consisted of:
Gross Unrealized Appreciation | $ | 1,605,152 | ||
Gross Unrealized Depreciation | (9,623,603 | ) | ||
Net Unrealized Depreciation | $ | (8,018,451 | ) |