UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-21786
Voya Global Advantage and Premium Opportunity Fund
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ | 85258 | |
(Address of principal executive offices) | (Zip code) |
The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
Date of fiscal year end: February 28
Date of reporting period: March 1, 2020 to August 31, 2020
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):
Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of a Fund’s annual and semi-annual shareholder reports, like this semi-annual report, will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Voya funds’ website (www.voyainvestments.com/literature), and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by calling 1-800-992-0180 or by sending an e-mail request to Voyaim_literature@voya.com. You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions to elect to continue receiving paper copies of your shareholder reports. If you received this document through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with us, you can call 1-800-992-0180 or send an email request to Voyaim_literature@voya.com to let a Fund know you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the Voya funds complex if you invest directly with the funds. |
This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the fund’s investment objectives, risks, charges, expenses and other information. This information should be read carefully. |
E-Delivery Sign-up – details inside
INVESTMENT MANAGEMENT voyainvestments.com |
Managed Distribution Policy
The Fund was granted exemptive relief by the U.S. Securities and Exchange Commission (the “Order”),which under the Investment Company Act of 1940, as amended (the “1940 Act”), permits the Fund to include realized long-term capital gains as a part of its regular distributions to Common Shareholders more frequently than once per taxable year (“Managed Distribution Policy”). Pursuant to the Order, the Fund’s Board of Trustees (the “Board”) approved the Managed Distribution Policy and the Fund adopted the policy which allows the Fund to make periodic distributions of long-term capital gains.
Under the Managed Distribution Policy, the Fund makes quarterly distributions of an amount equal to $0.197 per share. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Plan.
The Managed Distribution Policy will be subject to periodic review by the Fund’s Board and the Board may amend or terminate the Managed Distribution Policy at any time without prior notice to the Fund’s shareholders; any such change or termination may have an adverse effect on the market price of the Fund’s shares.
The Fund may distribute more than its net investment income and net realized capital gains; therefore, a portion of your distribution may include a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ With each distribution, the Fund will issue a notice to shareholders and a press release containing information about the amounts and sources of distribution and other related information. The amounts and sources of the distributions contained in a notice and press release are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
TABLE OF CONTENTS
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Go Paperless with E-Delivery! | ||
Sign up now for on-line prospectuses, fund reports, and proxy statements. In less than five minutes, you can help reduce paper mail and lower fund costs. | ||
Just go to www.individuals.voya.com/page/e-delivery, follow the directions and complete the quick 5 Steps to Enroll. | ||
You will be notified by e-mail when these communications become available on the internet. Documents that are not available on the internet will continue to be sent by mail. |
PROXY VOTING INFORMATION
A description of the policies and procedures that the Fund uses to determine how to vote proxies related to portfolio securities is available: (1) without charge, upon request, by calling Shareholder Services toll-free at (800) 992-0180; (2) on the Fund’s website at www.voyainvestments.com; and (3) on the U.S. Securities and Exchange Commission’s (“SEC’s”) website at www.sec.gov. Information regarding how the Fund voted proxies related to portfolio securities during the most recent 12-month period ended June 30 is available without charge on the Fund’s website at www.voyainvestments.com and on the SEC’s website at www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS
The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. This report contains a summary portfolio of investments for the Fund. The Fund’s Forms NPORT-P are available on the SEC’s website at www.sec.gov. The Fund’s complete schedule of portfolio holdings is available at: www.voyainvestments.com and without charge upon request from the Fund by calling Shareholder Services toll-free at (800) 992-0180.
Guarded Optimism the Watchword of the Day
Dear Shareholder,
Since its sharp tumble in February and March, the stock market, as measured by the S&P 500® Index, has strung together five consecutive months of positive returns; and as of August 31, 2020, has posted a year-to-date total return of 9.74%. Gains among large technology companies, which comprise nearly a quarter of the S&P 500® Index, have been key performance drivers. Better than expected second-quarter earnings have helped retail companies; other groups leveraged to the reopening/recovery theme such as restaurants, airlines, hotels, cruise lines and casinos, also have fared well.
Though the financial markets have rebounded convincingly, questions remain about the sustainability of the economic rebound in the face of ongoing COVID-19 challenges. Since economic output turned down during the second quarter, the worst quarterly drop on record, business activity has picked up in the United States and most of the rest of the world. The U.S. Federal Reserve Board is committed to maintaining supportive monetary policy as long as necessary. Whether Congress can deliver further COVID-19 relief remains to be seen; we believe this will be key to the re-acceleration of consumer spending and industrial production.
All things considered, we believe the current environment remains supportive for investing, though conditions call for guarded optimism; this year we’ve seen how quickly sentiment and markets can change. Attention to heightened economic and market uncertainty is a key element of Voya’s approach to investing. We remain convinced that staying fully invested, and diversifying one’s portfolio as broadly as possible, offers the most likely path to realizing long-term investment goals. In our view, investors should not make short-term changes to long-term strategies in attempts to capture gains or avoid losses. Should your long-term needs change, discuss your needs thoroughly with your financial advisor before making any portfolio adjustments.
While we are humble and realistic in the face of the challenges ahead, we believe we are well prepared for and fully committed to serving our clients without disruption. We appreciate your continued confidence in us, and we look forward to serving your investment needs in the future.
Sincerely,
Dina Santoro
President
Voya Family of Funds
September 17, 2020
The views expressed in the President’s Letter reflect those of the President as of the date of the letter. Any such views are subject to change at any time based upon market or other conditions and the Voya mutual funds disclaim any responsibility to update such views. These views may not be relied on as investment advice and because investment decisions for a Voya mutual fund are based on numerous factors, may not be relied on as an indication of investment intent on behalf of any Voya mutual fund. Reference to specific company securities should not be construed as recommendations or investment advice. International investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic.
More complete information about the Fund, including the Fund’s daily New York Stock Exchange closing prices and NAV per share, is available at www.voyainvestments.com or by calling the Fund’s Shareholder Service Department at (800) 992-0180. To obtain a prospectus for any Voya mutual fund, please call your financial advisor or a fund’s Shareholder Service Department at (800) 992-0180 or log on to www.voyainvestments.com. A prospectus should be read carefully before investing. Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. A prospectus contains this information and other information about a fund. Check with your financial advisor to determine which Voya mutual funds are available for sale within their firm. Not all funds are available for sale at all firms.
BENCHMARK DESCRIPTIONS
Index | Description | ||
---|---|---|---|
Euro Stoxx 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 World IndexSM | An Index that Measures the performance of over 1,600 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | ||
Nikkei 225 Index | A price weighted index and made up of the top 225 industry leading companies which investors trade on the Tokyo Stock Exchange. | ||
S&P 500® Index | An index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. |
VOYA GLOBAL ADVANTAGE |
Geographic Diversification | ||||
United States | 63.5 | % | ||
Japan | 8.9 | % | ||
Canada | 4.5 | % | ||
United Kingdom | 3.5 | % | ||
Switzerland | 3.5 | % | ||
Australia | 3.1 | % | ||
Denmark | 1.9 | % | ||
Finland | 1.5 | % | ||
Hong Kong | 1.5 | % | ||
Netherlands | 1.4 | % | ||
Countries between 0.1%–1.3%ˆ | 7.7 | % | ||
Liabilities in Excess of Other Assets* | (1.0 | )% | ||
Net Assets | 100.0 | % | ||
* Includes short-term investments and exchange-traded funds.
ˆ Includes 12 countries, which each represents 0.1%–1.3% of net assets.
Portfolio holdings are subject to change daily. | ||||
Voya Global Advantage and Premium Opportunity Fund (the “Fund”) is a diversified closed-end fund with the primary investment objective of providing a high level of income. Capital appreciation is a secondary investment objective. The Fund seeks to achieve its investment objectives by:
• | investing at least 80% of its managed assets in a portfolio of common stocks of companies located in a number of different countries throughout the world, including the United States; and | |
• | utilizing an integrated derivatives strategy. |
Top Ten Holdings | ||||
Microsoft Corp. | 4.4 | % | ||
Johnson & Johnson | 1.6 | % | ||
Procter & Gamble Co. | 1.3 | % | ||
Verizon Communications, Inc. | 1.2 | % | ||
Pfizer, Inc. | 1.2 | % | ||
Merck & Co., Inc. | 1.2 | % | ||
Roche Holding AG | 1.2 | % | ||
PepsiCo, Inc. | 1.1 | % | ||
Nestle SA | 1.1 | % | ||
Medtronic PLC | 1.1 | % | ||
Portfolio holdings are subject to change daily. | ||||
VOYA GLOBAL ADVANTAGE | PORTFOLIO MANAGERS’ REPORT |
directional tactical decisions to enhance returns, to protect against a decline in its assets or as a substitute for the purchase or sale of equity securities.
(1) | Total returns shown include, if applicable, the effect of fee waivers and/or expense reimbursements by the investment adviser. Had all fees and expenses been considered, the total returns would have been lower. | |
(2) | The final tax composition of dividends and distributions will not be determined until after the Fund’s tax year-end. |
ASSETS: | |||||
Investments in securities at fair value* | $ | 180,347,325 | |||
Short-term investments at fair value† | 1,403,000 | ||||
Cash | 636,195 | ||||
Cash pledged as collateral for OTC derivatives (Note 2) | 620,000 | ||||
Foreign currencies at value‡ | 51,185 | ||||
Receivables: | |||||
Investment securities sold | 1,241,246 | ||||
Dividends | 539,339 | ||||
Foreign tax reclaims | 170,275 | ||||
Unrealized appreciation on forward foreign currency contracts | 110,579 | ||||
Prepaid expenses | 1,493 | ||||
Other assets | 10,712 | ||||
Total assets | 185,131,349 | ||||
LIABILITIES: | |||||
Payable for investment securities purchased | 1,541,324 | ||||
Unrealized depreciation on forward foreign currency contracts | 2,586,808 | ||||
Payable for investment management fees | 128,077 | ||||
Payable to trustees under the deferred compensation plan (Note 6) | 10,712 | ||||
Payable for trustee fees | 864 | ||||
Other accrued expenses and liabilities | 49,441 | ||||
Written options, at fair valueˆ | 3,149,478 | ||||
Total liabilities | 7,466,704 | ||||
NET ASSETS | $ | 177,664,645 | |||
NET ASSETS WERE COMPRISED OF: | |||||
Paid-in capital | $ | 189,050,326 | |||
Total distributable loss | (11,385,681 | ) | |||
NET ASSETS | $ | 177,664,645 | |||
* Cost of investments in securities | $ | 167,659,904 | |||
† Cost of short-term investments | $ | 1,403,000 | |||
‡ Cost of foreign currencies | $ | 51,527 | |||
ˆ Premiums received on written options | $ | 1,733,207 | |||
Net assets | $ | 177,664,645 | |||
Shares authorized | unlimited | ||||
Par value | $ | 0.010 | |||
Shares outstanding | 18,229,317 | ||||
Net asset value | $ | 9.75 |
INVESTMENT INCOME: | |||||
Dividends, net of foreign taxes withheld* | $ | 3,050,381 | |||
Total investment income | 3,050,381 | ||||
EXPENSES: | |||||
Investment management fees | 741,297 | ||||
Transfer agent fees | 9,522 | ||||
Shareholder reporting expense | 27,600 | ||||
Professional fees | 28,520 | ||||
Custody and accounting expense | 21,344 | ||||
Trustee fees | 3,460 | ||||
Miscellaneous expense | 5,214 | ||||
Total expenses | 836,957 | ||||
Net investment income | 2,213,424 | ||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||
Net realized gain (loss) on: | |||||
Investments | (16,112,712 | ) | |||
Forward foreign currency contracts | 1,126,035 | ||||
Foreign currency related transactions | (109,659 | ) | |||
Written options | (4,946,252 | ) | |||
Net realized loss | (20,042,588 | ) | |||
Net change in unrealized appreciation (depreciation) on: | |||||
Investments | 18,171,336 | ||||
Forward foreign currency contracts | (3,330,458 | ) | |||
Foreign currency related transactions | 15,813 | ||||
Written options | (2,184,542 | ) | |||
Net change in unrealized appreciation (depreciation) | 12,672,149 | ||||
Net realized and unrealized loss | (7,370,439 | ) | |||
Decrease in net assets resulting from operations | $ | (5,157,015 | ) | ||
* Foreign taxes withheld | $ | 167,960 |
Six Months Ended August 31, 2020 (Unaudited) | Year Ended February 29, 2020 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
FROM OPERATIONS: | ||||||||||
Net investment income | $ | 2,213,424 | $ | 4,968,157 | ||||||
Net realized gain (loss) | (20,042,588 | ) | 15,374,881 | |||||||
Net change in unrealized appreciation (depreciation) | 12,672,149 | (23,409,988 | ) | |||||||
Decrease in net assets resulting from operations | (5,157,015 | ) | (3,066,950 | ) | ||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||
Total distributions (excluding return of capital): | (7,212,157 | ) | (15,449,391 | ) | ||||||
Total distributions | (7,212,157 | ) | (15,449,391 | ) | ||||||
FROM CAPITAL SHARE TRANSACTIONS: | ||||||||||
Cost of shares repurchased, net of commissions | (624,155 | ) | — | |||||||
Net decrease in net assets resulting from capital share transactions | (624,155 | ) | — | |||||||
Net decrease in net assets | (12,993,327 | ) | (18,516,341 | ) | ||||||
NET ASSETS: | ||||||||||
Beginning of year or period | 190,657,972 | 209,174,313 | ||||||||
End of year or period | $ | 177,664,645 | $ | 190,657,972 |
Per Share Operating Performance | Ratios and Supplemental Data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period | Net asset value, beginning of year or period | Net investment income gain (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | Total distributions | Net asset value, end of year or period | Market value, end of year or period | Total investment return at net asset value(1) | Total investment return at market value(2) | Net assets, end of year or period (000’s) | Gross expenses prior to expense waiver/ recoupment(3) | Net expenses after expense waiver/ recoupment(3),(4) | Net investment income (loos)(3),(4) | Portfolio turnover rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | (%) | (%) | ($000’s) | (%) | (%) | (%) | (%) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
08-31-20+ | 10.42 | 0.12 | • | (0.40 | ) | (0.28 | ) | 0.39 | — | — | 0.39 | 9.75 | 8.41 | (1.79 | ) | (4.98 | ) | 177,665 | 0.96 | 0.96 | 2.54 | 29 | ||||||||||||||||||||||||||||||||||||||||||||||||
02-29-20 | 11.43 | 0.27 | (0.44 | ) | (0.17 | ) | 0.40 | 0.44 | — | 0.84 | 10.42 | 9.29 | (1.35 | ) | (2.87 | ) | 190,658 | 0.96 | 0.96 | 2.37 | 130 | |||||||||||||||||||||||||||||||||||||||||||||||||
02-28-19 | 12.12 | 0.21 | 0.00 | 0.21 | 0.41 | 0.49 | — | 0.90 | 11.43 | 10.35 | 2.43 | 0.46 | 209,174 | 0.99 | 0.99 | 1.76 | 70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-18 | 11.62 | 0.19 | • | 1.21 | 1.40 | 0.04 | 0.78 | 0.08 | 0.90 | 12.12 | 11.19 | 13.07 | 16.75 | 221,924 | 0.99 | 0.99 | 1.55 | 92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-17 | 10.71 | 0.18 | 1.80 | 1.98 | 0.42 | 0.16 | 0.49 | 1.07 | 11.62 | 10.39 | 20.77 | 21.11 | 213,271 | 1.00 | 1.00 | 1.59 | 98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-29-16 | 12.93 | 0.17 | (1.27 | ) | (1.10 | ) | 0.39 | 0.73 | — | 1.12 | 10.71 | 9.55 | (8.48 | )(5) | (10.96 | ) | 196,576 | 1.00 | 1.00 | 1.36 | 117 | |||||||||||||||||||||||||||||||||||||||||||||||||
02-28-15 | 13.09 | 0.17 | 0.79 | 0.96 | 0.59 | — | 0.53 | 1.12 | 12.93 | 11.85 | 8.72 | 9.52 | 237,394 | 0.95 | 0.97 | 1.32 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-14 | 12.92 | 0.19 | 1.10 | 1.29 | 0.27 | — | 0.85 | 1.12 | 13.09 | 11.91 | 10.94 | 3.14 | 240,301 | 0.99 | 1.00 | 1.43 | 11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-13 | 12.66 | 0.21 | 1.23 | 1.44 | 0.44 | 0.54 | 0.20 | 1.18 | 12.92 | 12.64 | 12.85 | 17.49 | 237,034 | 1.07 | 1.00 | 1.68 | 234 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-29-12 | 13.76 | 0.22 | • | 0.00 | * | 0.22 | 1.32 | — | — | 1.32 | 12.66 | 11.90 | 2.43 | (3.44 | ) | 232,156 | 1.00 | 1.00 | 1.76 | 135 | ||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-11 | 13.37 | 0.20 | 1.57 | 1.77 | 1.38 | — | — | 1.38 | 13.76 | 13.72 | 14.05 | 6.32 | 251,545 | 0.98 | 0.99 | † | 1.48 | † | 164 |
(1) | Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of each period and a sale at net asset value at the end of each period and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Total investment return at net asset value is not annualized for periods less than one year. | |
(2) | Total investment return at market value measures the change in the market value of your investment assuming reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market value is not annualized for periods less than one year. | |
(3) | Annualized for periods less than one year. | |
(4) | The Investment Adviser has entered into a written expense limitation agreement with the Fund under which it will limit the |
expenses of the Fund (excluding interest, taxes, investment-related costs, leverage expenses, extraordinary expenses and acquired fund fees and expenses) subject to possible recoupment by the Investment Adviser within three years of being incurred. | ||
(5) | Excluding amounts related to a foreign currency settlement recorded in the fiscal year ended February 29, 2016, total investment return at net asset value would have been (8.65)%. | |
+ | Unaudited. | |
• | Calculated using average number of shares outstanding throughout the year or period. | |
* | Amount is less than $0.005 or 0.005% or more than $(0.005) or (0.005)%. | |
† | Impact of waiving the advisory fee for the ING Institutional Prime Money Market Fund holding has less than 0.005% impact on the expense ratio and net investment income or loss ratio. |
(1) | Market value of investment securities, other assets and liabilities — at the exchange rates prevailing at Market Close. |
(2) | Purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions. |
Year or period | Shares repurchased | Net increase (decrease) in shares outstanding | Shares repurchased, net of commissions | Net increase (decrease) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ended | # | # | ($) | ($) | ||||||||||||
8/31/2020 | (75,649 | ) | (75,649 | ) | (624,155 | ) | (624,155 | ) | ||||||||
2/29/2020 | — | — | — | — |
Tax Year Ended December 31, 2019 | Tax Year Ended December 31, 2018 | ||||||
Ordinary Income | Long-term Capital Gain | Ordinary Income | Long-term Capital Gain | ||||
---|---|---|---|---|---|---|---|
$7,433,745 | $8,015,646 | $7,503,486 | $8,970,983 |
Undistributed Long-term Capital Gains | Late Year Ordinary Losses Deferred | Unrealized Appreciation/ (Depreciation) | ||
---|---|---|---|---|
$7,323,759 | $(1,278,481) | $14,226,186 |
Per Share Amount | Declaration Date | Payable Date | Record Date | ||||
---|---|---|---|---|---|---|---|
$0.197 | 9/15/2020 | 10/15/2020 | 10/2/2020 |
Voya Global Advantage and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2020 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 101.0% | ||||||||||||||
Australia: 3.1% | ||||||||||||||
21,028 | Rio Tinto Ltd. | $ | 1,513,182 | 0.9 | ||||||||||
420,366 | Other Securities | 3,978,625 | 2.2 | |||||||||||
5,491,807 | 3.1 | |||||||||||||
Belgium: 0.7% | ||||||||||||||
13,649 | Other Securities | 1,278,060 | 0.7 | |||||||||||
Canada: 4.5% | ||||||||||||||
12,747 | Waste Connections, Inc. | 1,275,083 | 0.7 | |||||||||||
143,820 | Other Securities | 6,658,071 | 3.8 | |||||||||||
7,933,154 | 4.5 | |||||||||||||
China: 0.6% | ||||||||||||||
354,000 | Other Securities | 1,004,164 | 0.6 | |||||||||||
Denmark: 1.9% | ||||||||||||||
7,367 | Coloplast A/S | 1,249,601 | 0.7 | |||||||||||
23,327 | Novo Nordisk A/S | 1,542,227 | 0.8 | |||||||||||
4,781 | Other Securities | 672,072 | 0.4 | |||||||||||
3,463,900 | 1.9 | |||||||||||||
Finland: 1.5% | ||||||||||||||
16,897 | Kone Oyj | 1,449,232 | 0.8 | |||||||||||
30,045 | Other Securities | 1,280,610 | 0.7 | |||||||||||
2,729,842 | 1.5 | |||||||||||||
France: 0.9% | ||||||||||||||
79,006 | (1) | Other Securities | 1,639,741 | 0.9 | ||||||||||
Germany: 1.1% | ||||||||||||||
28,943 | Deutsche Post AG | 1,319,338 | 0.7 | |||||||||||
98,713 | Other Securities | 653,134 | 0.4 | |||||||||||
1,972,472 | 1.1 | |||||||||||||
Hong Kong: 1.5% | ||||||||||||||
739,700 | Other Securities | 2,578,820 | 1.5 | |||||||||||
Ireland: 1.1% | ||||||||||||||
17,468 | Medtronic PLC | 1,877,286 | 1.1 | |||||||||||
Israel: 0.2% | ||||||||||||||
79,093 | Other Securities | 404,684 | 0.2 | |||||||||||
Italy: 1.0% | ||||||||||||||
355,472 | (1) | Other Securities | 1,741,394 | 1.0 | ||||||||||
Japan: 8.9% | ||||||||||||||
540,451 | Other Securities | 15,807,156 | 8.9 | |||||||||||
Netherlands: 1.4% | ||||||||||||||
24,077 | Unilever NV | 1,399,029 | 0.8 | |||||||||||
123,897 | Other Securities | 1,059,669 | 0.6 | |||||||||||
2,458,698 | 1.4 | |||||||||||||
New Zealand: 0.1% | ||||||||||||||
76,666 | Other Securities | 248,898 | 0.1 | |||||||||||
Norway: 0.2% | ||||||||||||||
37,141 | Other Securities | 377,781 | 0.2 | |||||||||||
Singapore: 0.2% | ||||||||||||||
68,600 | Other Securities | 433,795 | 0.2 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
Spain: 1.3% | ||||||||||||||
126,286 | Other Securities | $ | 2,265,747 | 1.3 | ||||||||||
Sweden: 0.3% | ||||||||||||||
24,757 | Other Securities | 455,176 | 0.3 | |||||||||||
Switzerland: 3.5% | ||||||||||||||
16,019 | Nestle SA | 1,929,443 | 1.1 | |||||||||||
5,878 | Roche Holding AG | 2,056,236 | 1.2 | |||||||||||
18,809 | Other Securities | 2,184,515 | 1.2 | |||||||||||
6,170,194 | 3.5 | |||||||||||||
United Kingdom: 3.5% | ||||||||||||||
30,888 | (2) | Auto Trader Group PLC | 230,916 | 0.1 | ||||||||||
69,854 | GlaxoSmithKline PLC | 1,364,487 | 0.8 | |||||||||||
830,724 | (1) | Other Securities | 4,599,698 | 2.6 | ||||||||||
6,195,101 | 3.5 | |||||||||||||
United States: 63.5% | ||||||||||||||
18,256 | AbbVie, Inc. | 1,748,377 | 1.0 | |||||||||||
17,118 | Activision Blizzard, Inc. | 1,429,695 | 0.8 | |||||||||||
5,428 | Air Products & Chemicals, Inc. | 1,586,387 | 0.9 | |||||||||||
29,719 | Altria Group, Inc. | 1,299,909 | 0.7 | |||||||||||
6,976 | Amgen, Inc. | 1,767,160 | 1.0 | |||||||||||
57,035 | AT&T, Inc. | 1,700,213 | 1.0 | |||||||||||
14,755 | Booz Allen Hamilton Holding Corp. | 1,299,325 | 0.7 | |||||||||||
26,947 | Bristol-Myers Squibb Co. | 1,676,104 | 0.9 | |||||||||||
15,245 | Chevron Corp. | 1,279,513 | 0.7 | |||||||||||
40,567 | Cisco Systems, Inc. | 1,712,739 | 1.0 | |||||||||||
6,683 | Dollar General Corp. | 1,349,164 | 0.8 | |||||||||||
20,532 | General Mills, Inc. | 1,313,022 | 0.7 | |||||||||||
9,454 | Honeywell International, Inc. | 1,565,110 | 0.9 | |||||||||||
35,850 | Intel Corp. | 1,826,558 | 1.0 | |||||||||||
11,610 | International Business Machines Corp. | 1,431,629 | 0.8 | |||||||||||
4,788 | Intuit, Inc. | 1,653,727 | 0.9 | |||||||||||
18,380 | Johnson & Johnson | 2,819,676 | 1.6 | |||||||||||
13,481 | JPMorgan Chase & Co. | 1,350,661 | 0.8 | |||||||||||
49,665 | Juniper Networks, Inc. | 1,241,625 | 0.7 | |||||||||||
9,204 | Kimberly-Clark Corp. | 1,452,023 | 0.8 | |||||||||||
18,324 | Maxim Integrated Products | 1,254,095 | 0.7 | |||||||||||
6,327 | McDonald’s Corp. | 1,350,941 | 0.8 | |||||||||||
24,428 | Merck & Co., Inc. | 2,082,976 | 1.2 | |||||||||||
34,540 | Microsoft Corp. | 7,789,806 | 4.4 | |||||||||||
8,408 | Motorola Solutions, Inc. | 1,301,138 | 0.7 | |||||||||||
28,815 | Oracle Corp. | 1,648,794 | 0.9 | |||||||||||
13,963 | PepsiCo, Inc. | 1,955,658 | 1.1 | |||||||||||
55,205 | Pfizer, Inc. | 2,086,197 | 1.2 | |||||||||||
16,989 | Philip Morris International, Inc. | 1,355,552 | 0.8 | |||||||||||
16,922 | Procter & Gamble Co. | 2,340,820 | 1.3 | |||||||||||
16,113 | Progressive Corp. | 1,531,380 | 0.9 |
Voya Global Advantage and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2020 (Unaudited) (continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
United States: (continued) | ||||||||||||||
11,740 | Qualcomm, Inc. | $ | 1,398,234 | 0.8 | ||||||||||
14,207 | Republic Services, Inc. | 1,317,273 | 0.7 | |||||||||||
27,175 | Service Corp. International | 1,240,539 | 0.7 | |||||||||||
11,197 | Target Corp. | 1,693,098 | 0.9 | |||||||||||
12,422 | Texas Instruments, Inc. | 1,765,787 | 1.0 | |||||||||||
36,804 | Verizon Communications, Inc. | 2,181,373 | 1.2 | |||||||||||
11,747 | Waste Management, Inc. | 1,339,158 | 0.8 | |||||||||||
9,429 | Zoetis, Inc. | 1,509,583 | 0.8 | |||||||||||
752,041 | Other Securities | 44,219,030 | 24.9 | |||||||||||
112,864,049 | 63.5 | |||||||||||||
Total Common Stock (Cost $166,751,683) | 179,391,919 | 101.0 | ||||||||||||
EXCHANGE-TRADED FUNDS: 0.5% | ||||||||||||||
6,595 | Other Securities | 955,406 | 0.5 | |||||||||||
Total Exchange-Traded Funds (Cost $908,221) | 955,406 | 0.5 | ||||||||||||
Total Long-Term Investments (Cost $167,659,904) | 180,347,325 | 101.5 | ||||||||||||
SHORT-TERM INVESTMENTS: 0.8% | ||||||||||||||
Mutual Funds: 0.8% | ||||||||||||||
1,403,000 | (3) | Goldman Sachs Financial Square Government Fund—Institutional Shares, 0.020% (Cost $1,403,000) | 1,403,000 | 0.8 | ||||||||||
Total Short-Term Investments (Cost $1,403,000) | 1,403,000 | 0.8 | ||||||||||||
Total Investments in Securities (Cost $169,062,904) | $ | 181,750,325 | 102.3 | |||||||||||
Liabilities in Excess of Other Assets | (4,085,680 | ) | (2.3 | ) | ||||||||||
Net Assets | $ | 177,664,645 | 100.0 |
“Other Securities” represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of August 31, 2020.
(1) | The grouping contains non-income producing securities. |
(2) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(3) | Rate shown is the 7-day yield as of August 31, 2020. |
Sector Diversification | Percentage of Net Assets | |||
---|---|---|---|---|
Information Technology | 25.7 | % | ||
Health Care | 15.5 | |||
Industrials | 11.6 | |||
Consumer Staples | 11.3 | |||
Financials | 10.8 | |||
Communication Services | 7.6 | |||
Materials | 6.4 | |||
Utilities | 5.2 | |||
Consumer Discretionary | 4.3 | |||
Energy | 1.6 | |||
Real Estate | 1.0 | |||
Exchange-Traded Funds | 0.5 | |||
Short-Term Investments | 0.8 | |||
Liabilities in Excess of Other Assets | (2.3 | ) | ||
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, 2020 | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||
Investments, at fair value | ||||||||||||||||||||
Common Stock | ||||||||||||||||||||
Australia | $ | — | $ | 5,491,807 | $ | — | $ | 5,491,807 | ||||||||||||
Belgium | — | 1,278,060 | — | 1,278,060 | ||||||||||||||||
Canada | 7,933,154 | — | — | 7,933,154 | ||||||||||||||||
China | — | 1,004,164 | — | 1,004,164 | ||||||||||||||||
Denmark | — | 3,463,900 | — | 3,463,900 | ||||||||||||||||
Finland | — | 2,729,842 | — | 2,729,842 | ||||||||||||||||
France | — | 1,639,741 | — | 1,639,741 | ||||||||||||||||
Germany | — | 1,972,472 | — | 1,972,472 |
Voya Global Advantage and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2020 (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, 2020 | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Stock (continued) | ||||||||||||||||||||
Hong Kong | $ | — | $ | 2,578,820 | $ | — | $ | 2,578,820 | ||||||||||||
Ireland | 1,877,286 | — | — | 1,877,286 | ||||||||||||||||
Israel | — | 404,684 | — | 404,684 | ||||||||||||||||
Italy | — | 1,741,394 | — | 1,741,394 | ||||||||||||||||
Japan | 171,269 | 15,635,887 | — | 15,807,156 | ||||||||||||||||
Netherlands | — | 2,458,698 | — | 2,458,698 | ||||||||||||||||
New Zealand | — | 248,898 | — | 248,898 | ||||||||||||||||
Norway | — | 377,781 | — | 377,781 | ||||||||||||||||
Singapore | — | 433,795 | — | 433,795 | ||||||||||||||||
Spain | — | 2,265,747 | — | 2,265,747 | ||||||||||||||||
Sweden | — | 455,176 | — | 455,176 | ||||||||||||||||
Switzerland | — | 6,170,194 | — | 6,170,194 | ||||||||||||||||
United Kingdom | — | 6,195,101 | — | 6,195,101 | ||||||||||||||||
United States | 112,864,049 | — | — | 112,864,049 | ||||||||||||||||
Total Common Stock | 122,845,758 | 56,546,161 | — | 179,391,919 | ||||||||||||||||
Exchange-Traded Funds | 955,406 | — | — | 955,406 | ||||||||||||||||
Short-Term Investments | 1,403,000 | — | — | 1,403,000 | ||||||||||||||||
Total Investments, at fair value | $ | 125,204,164 | $ | 56,546,161 | $ | — | $ | 181,750,325 | ||||||||||||
Other Financial Instruments+ | ||||||||||||||||||||
Forward Foreign Currency Contracts | — | 110,579 | — | 110,579 | ||||||||||||||||
Total Assets | $ | 125,204,164 | $ | 56,656,740 | $ | — | $ | 181,860,904 | ||||||||||||
Liabilities Table | ||||||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||||||
Forward Foreign Currency Contracts | $ | — | $ | (2,586,808 | ) | $ | — | $ | (2,586,808 | ) | ||||||||||
Written Options | — | (3,149,478 | ) | — | (3,149,478 | ) | ||||||||||||||
Total Liabilities | $ | — | $ | (5,736,286 | ) | $ | — | $ | (5,736,286 | ) |
ˆ | See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. |
+ | Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are fair valued at the unrealized appreciation (depreciation) on the instrument. OTC swaps and written options are valued at the fair value of the instrument. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Fund’s investments are categorized as Level 2 investments. |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
USD | 212,029 | CHF | 200,000 | Brown Brothers Harriman & Co. | 09/30/20 | $ | (9,404 | ) | ||||
USD | 3,554,542 | DKK | 22,400,000 | Brown Brothers Harriman & Co. | 09/30/20 | (38,382 | ) | |||||
AUD | 800,000 | USD | 553,938 | Morgan Stanley & Co. International PLC | 09/30/20 | 36,163 | ||||||
CAD | 200,000 | USD | 147,265 | State Street Bank and Trust Co. | 09/30/20 | 6,080 | ||||||
EUR | 600,000 | USD | 675,222 | State Street Bank and Trust Co. | 09/30/20 | 41,241 | ||||||
GBP | 300,000 | USD | 374,012 | State Street Bank and Trust Co. | 09/30/20 | 27,095 | ||||||
USD | 6,296,284 | GBP | 5,100,000 | State Street Bank and Trust Co. | 09/30/20 | (522,530 | ) | |||||
USD | 14,571,665 | JPY | 1,560,000,000 | State Street Bank and Trust Co. | 09/30/20 | (162,827 | ) | |||||
USD | 5,629,003 | AUD | 8,200,000 | State Street Bank and Trust Co. | 09/30/20 | (419,533 | ) | |||||
USD | 5,714,763 | CHF | 5,400,000 | State Street Bank and Trust Co. | 09/30/20 | (263,958 | ) | |||||
USD | 651,497 | JPY | 70,000,000 | State Street Bank and Trust Co. | 09/30/20 | (9,666 | ) | |||||
USD | 6,367,913 | CAD | 8,700,000 | The Bank of New York Mellon | 09/30/20 | (302,601 | ) | |||||
USD | 13,948,983 | EUR | 12,400,000 | The Bank of New York Mellon | 09/30/20 | (857,907 | ) | |||||
$ | (2,476,229 | ) |
Voya Global Advantage and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2020 (Unaudited) (continued) |
Description | Counterparty | Put/Call | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURO STOXX 50® Index | BNP Paribas | Call | 09/25/20 | EUR 3,338.100 | 2,057 | EUR 6,731,553 | $174,621 | $(107,066) | ||||||||||||||||
FTSE 100 Index | BNP Paribas | Call | 09/25/20 | GBP 6,150.940 | 1,658 | GBP 9,887,599 | 281,442 | (94,633 | ) | |||||||||||||||
Nikkei 225 Index | Societe Generale | Call | 10/09/20 | JPY 23,111.480 | 33,912 | JPY 784,715,541 | 125,167 | (166,046 | ) | |||||||||||||||
S&P 500® Index | Barclays Bank PLC | Call | 09/11/20 | USD 3,291.020 | 9,422 | USD 32,979,921 | 626,301 | (2,045,537 | ) | |||||||||||||||
S&P 500® Index | Barclays Bank PLC | Call | 09/25/20 | USD 3,406.580 | 2,757 | USD 9,650,355 | 170,171 | (369,829 | ) | |||||||||||||||
S&P 500® Index | Barclays Bank PLC | Call | 10/09/20 | USD 3,543.090 | 5,758 | USD 20,154,785 | 355,505 | (366,367 | ) | |||||||||||||||
$ | 1,733,207 | $ | (3,149,478 | ) |
CAD — Canadian Dollar
CHF — Swiss Franc
DKK — Danish Krone
EUR — EU Euro
GBP — British Pound
JPY — Japanese Yen
USD — United States Dollar
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | ||||
---|---|---|---|---|---|---|
Asset Derivatives | ||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 110,579 | |||
Total Asset Derivatives | $ | 110,579 | ||||
Liability Derivatives | ||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 2,586,808 | |||
Equity contracts | Written options, at fair value | 3,149,478 | ||||
Total Liability Derivatives | $ | 5,736,286 |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | Written options | Total | ||||||||||
Foreign exchange contracts | $ | 1,126,035 | $ | (4,946,252 | ) | $ | (3,820,217 | ) | |||||
Total | $ | 1,126,035 | $ | (4,946,252 | ) | $ | (3,820,217 | ) | |||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | Written options | Total | ||||||||||
Equity contracts | $ | — | $ | (2,184,542 | ) | $ | (2,184,542 | ) | |||||
Foreign exchange contracts | (3,330,458 | ) | — | (3,330,458 | ) | ||||||||
Total | $ | (3,330,458 | ) | $ | (2,184,542 | ) | $ | (5,515,000 | ) |
Voya Global Advantage and | SUMMARY PORTFOLIO OF INVESTMENTS |
Premium Opportunity Fund | as of August 31, 2020 (Unaudited) (continued) |
Barclays Bank PLC | BNP Paribas | Brown Brothers Harriman & Co. | Morgan Stanley & Co. International PLC | Societe Generale | State Street Bank and Trust Co. | The Bank of New York Mellon | Totals | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: | ||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | — | $ | — | $ | 36,163 | $ | — | $ | 74,416 | $ | — | $ | 110,579 | ||||||||||||||||||
Total Assets | $ | — | $ | — | $ | — | $ | 36,163 | $ | — | $ | 74,416 | $ | — | $ | 110,579 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | — | $ | 47,786 | $ | — | $ | — | $ | 1,378,514 | $ | 1,160,508 | $ | 2,586,808 | ||||||||||||||||||
Written options | 2,781,733 | 201,699 | — | — | 166,046 | — | — | 3,149,478 | ||||||||||||||||||||||||||
Total Liabilities | $ | 2,781,733 | $ | 201,699 | $ | 47,786 | $ | — | $ | 166,046 | $ | 1,378,514 | $ | 1,160,508 | $ | 5,736,286 | ||||||||||||||||||
Net OTC derivative instruments by counterparty, at fair value | $ | (2,781,733 | ) | $ | (201,699 | ) | $ | (47,786 | ) | $ | 36,163 | $ | (166,046 | ) | $ | (1,304,098 | ) | $ | (1,160,508 | ) | $ | (5,625,707 | ) | |||||||||||
Total collateral pledged by the Fund/(Received from counterparty) | $ | — | $ | 201,699 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 201,699 | ||||||||||||||||||
Net Exposure(1)(2) | $ | (2,781,733 | ) | $ | — | $ | (47,786 | ) | $ | 36,163 | $ | (166,046 | ) | $ | (1,304,098 | ) | $ | (1,160,508 | ) | $ | (5,424,008 | ) |
(1) | Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Fund. Please refer to Note 2 for additional details regarding counterparty credit risk and credit related contingent features. |
(2) | At August 31, 2020, the Fund had pledged $440,000 and $180,000 in cash collateral to BNP Paribas and Morgan Stanley & Co. International PLC, respectively. Excess cash collateral is not shown for financial reporting purposes. |
Cost for federal income tax purposes was $166,841,962. |
Net unrealized appreciation consisted of: | ||||||
Gross Unrealized Appreciation | $ | 22,985,410 | ||||
Gross Unrealized Depreciation | (13,641,128 | ) | ||||
Net Unrealized Appreciation | $ | 9,344,282 |
1 | At this meeting, a proposal was submitted to elect two members of the Board of Trustees to represent the interests of the holders of the Fund, with both individuals to serve as Class III Trustees, for a term of three-years, and until the election and qualification of their successors. |
Proposal | Shares voted for | Shares voted against or withheld | Shares abstained | Broker non-vote | Total Shares Voted | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Class III Trustees | Voya Global Advantage and Premium Opportunity Fund | ||||||||||||||
Martin J. Gavin | 1* | 15,669,894.104 | 762,698.000 | 0.000 | 0.000 | 16,432,592.104 | |||||||||
Dina Santoro | 1* | 15,713,596.104 | 718,996.000 | 0.000 | 0.000 | 16,432,592.104 |
* | Proposal Passed |
Declaration Date | Ex Date | Record Date | Payable Date | ||||
---|---|---|---|---|---|---|---|
16-Mar-20 | 1-Apr-20 | 2-Apr-20 | 15-Apr-20 | ||||
15-Jun-20 | 1-Jul-20 | 2-Jul-20 | 15-Jul-20 | ||||
15-Sep-20 | 1-Oct-20 | 2-Oct-20 | 15-Oct-20 | ||||
15-Dec-20 | 30-Dec-20 | 31-Dec-20 | 15-Jan-21 |
Investment Adviser
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Transfer Agent
Computershare, Inc.
480 Washington Boulevard
Jersey City, New Jersey 07310-1900
Custodian
The Bank of New York Mellon
225 Liberty Street
New York, New York 10286
Legal Counsel
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
Toll-Free Shareholder Information
RETIREMENT | INVESTMENTS | INSURANCE | ||
voyainvestments.com | 163318 | (0820-102220) |
Item 2. Code of Ethics.
Not required for semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not required for semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not required for semi-annual filing.
Item 5. Audit Committee of Listed Registrants.
Not required for semi-annual filing.
Item 6. Schedule of Investments.
Complete schedule of investments filed herein.
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS |
AS OF August 31, 2020 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||
COMMON STOCK: 101.0% | ||||
Australia: 3.1% | ||||
25,176 | AGL Energy Ltd. | $ 274,460 | 0.2 | |
2,893 | ASX Ltd. | 186,288 | 0.1 | |
158,954 | Aurizon Holdings Ltd. | 508,343 | 0.3 | |
14,163 | Australia & New Zealand Banking Group Ltd. | 190,823 | 0.1 | |
37,548 | BHP Group Ltd. | 1,036,773 | 0.6 | |
68,862 | Fortescue Metals Group Ltd. | 880,152 | 0.5 | |
81,434 | Medibank Pvt Ltd. | 163,867 | 0.1 | |
31,336 | Newcrest Mining Ltd. | 737,919 | 0.4 | |
21,028 | Rio Tinto Ltd. | 1,513,182 | 0.8 | |
5,491,807 | 3.1 | |||
Belgium: 0.7% | ||||
6,143 | Colruyt S.A. | 387,198 | 0.2 | |
7,506 | UCB S.A. | 890,862 | 0.5 | |
1,278,060 | 0.7 | |||
Canada: 4.5% | ||||
11,467 | Bank of Nova Scotia | 495,569 | 0.3 | |
23,506 | BCE, Inc. | 1,010,271 | 0.6 | |
14,011 | Canadian Imperial Bank of Commerce - XTSE | 1,112,415 | 0.6 | |
1,044 | Constellation Software, Inc./Canada | 1,208,594 | 0.7 | |
4,879 | Kirkland Lake Gold Ltd. | 259,969 | 0.2 | |
10,756 | National Bank Of Canada | 591,256 | 0.3 | |
15,365 | Open Text Corp. | 696,894 | 0.4 | |
5,468 | Rogers Communications, Inc. | 227,465 | 0.1 | |
57,324 | TELUS Corp. | 1,055,639 | 0.6 | |
12,747 | Waste Connections, Inc. | 1,275,082 | 0.7 | |
7,933,154 | 4.5 | |||
China: 0.6% | ||||
354,000 | BOC Hong Kong Holdings Ltd. | 1,004,164 | 0.6 | |
Denmark: 1.9% | ||||
4,781 | Carlsberg A/S | 672,072 | 0.4 | |
7,367 | Coloplast A/S | 1,249,601 | 0.7 | |
23,327 | Novo Nordisk A/S | 1,542,227 | 0.8 | |
3,463,900 | 1.9 | |||
Finland: 1.5% | ||||
16,897 | Kone Oyj | 1,449,232 | 0.8 | |
10,534 | Orion Oyj | 494,638 | 0.3 | |
19,511 | Sampo OYJ | 785,972 | 0.4 | |
2,729,842 | 1.5 | |||
France: 0.9% | ||||
2,456 | Danone | 161,498 | 0.1 | |
11,692 | Edenred | 603,537 | 0.3 | |
1,859 | (1) | Eiffage SA | 170,960 | 0.1 |
62,999 | Orange SA | 703,746 | 0.4 | |
1,639,741 | 0.9 | |||
Germany: 1.1% | ||||
1,774 | Allianz SE | 384,935 | 0.2 | |
28,943 | Deutsche Post AG | 1,319,338 | 0.7 | |
96,939 | Telefonica Deutschland Holding AG | 268,199 | 0.2 | |
1,972,472 | 1.1 | |||
Hong Kong: 1.5% | ||||
117,500 | CK Hutchison Holdings Ltd. | 768,466 | 0.4 | |
51,500 | CLP Holdings Ltd. | 505,630 | 0.3 | |
182,000 | HKT Trust / HKT Ltd. | 260,065 | 0.2 | |
9,200 | Jardine Matheson Holdings Ltd. | 386,348 | 0.2 | |
297,000 | PCCW Ltd. | 186,130 | 0.1 | |
82,500 | Power Assets Holdings Ltd. | 472,181 | 0.3 | |
2,578,820 | 1.5 | |||
Ireland: 1.1% | ||||
17,468 | Medtronic PLC | 1,877,286 | 1.1 | |
Israel: 0.2% | ||||
79,093 | Bank Leumi Le-Israel BM | 404,684 | 0.2 | |
Italy: 1.0% | ||||
28,902 | Enel S.p.A. | 261,712 | 0.2 | |
12,678 | (1) | FinecoBank Banca Fineco SpA | 191,927 | 0.1 |
107,708 | (1) | Intesa Sanpaolo SpA | 231,842 | 0.1 |
206,184 | Snam SpA | 1,055,913 | 0.6 | |
1,741,394 | 1.0 | |||
Japan: 8.9% | ||||
42,600 | Canon, Inc. | 730,662 | 0.4 | |
4,000 | Central Japan Railway Co. | 599,688 | 0.3 | |
3,800 | East Japan Railway Co. | 247,375 | 0.1 | |
23,100 | Fuji Film Holdings Corp. | 1,098,764 | 0.6 | |
800 | Hikari Tsushin, Inc. | 193,122 | 0.1 | |
13,200 | Hitachi Ltd. | 439,144 | 0.3 | |
4,000 | Hoya Corp. | 393,496 | 0.2 | |
12,800 | Kamigumi Co., Ltd. | 264,160 | 0.2 | |
8,700 | Konami Holdings Corp. | 334,987 | 0.2 | |
4,000 | Kyocera Corp. | 229,527 | 0.1 | |
9,000 | Kyushu Railway Co. | 198,508 | 0.1 | |
3,900 | Lawson, Inc. | 192,770 | 0.1 | |
23,000 | LIXIL Group Corp. | 422,313 | 0.2 | |
9,516 | Medipal Holdings Corp. | 181,852 | 0.1 | |
5,400 | MEIJI Holdings Co., Ltd. | 436,627 | 0.3 | |
10,129 | Mitsubishi Corp. | 239,751 | 0.1 | |
29,600 | MS&AD Insurance Group Holdings, Inc. | 821,060 | 0.5 | |
31,000 | Nippon Telegraph & Telephone Corp. | 705,424 | 0.4 | |
7,500 | NTT DoCoMo, Inc. | 209,137 | 0.1 | |
11,100 | Secom Co., Ltd. | 1,050,476 | 0.6 | |
53,700 | Sekisui House Ltd. | 1,060,857 | 0.6 | |
21,400 | SG Holdings Co. Ltd. | 984,791 | 0.6 | |
79,600 | SoftBank Corp. | 1,045,969 | 0.6 | |
70,606 | Sumitomo Corp. | 919,389 | 0.5 | |
15,100 | Sumitomo Mitsui Financial Group, Inc. | 444,018 | 0.3 | |
11,400 | Sundrug Co., Ltd. | 424,240 | 0.2 | |
4,900 | Suzuken Co., Ltd. | 182,023 | 0.1 | |
6,900 | Trend Micro, Inc. | 427,008 | 0.2 | |
4,100 | Tsuruha Holdings, Inc. | 548,740 | 0.3 | |
4,000 | Welcia Holdings Co. Ltd. | 171,269 | 0.1 |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS |
as of August 31, 2020 (Unaudited) (continued) |
Shares | Value | Percentage of Net Assets | ||
COMMON STOCK: (Continued) | ||||
Japan: (Continued) | ||||
11,600 | West Japan Railway Co. | 610,009 | 0.4 | |
15,807,156 | 8.9 | |||
Netherlands: 1.4% | ||||
26,748 | Koninklijke Ahold Delhaize NV | 804,732 | 0.5 | |
97,149 | Koninklijke KPN NV | 254,937 | 0.1 | |
24,077 | Unilever NV | 1,399,029 | 0.8 | |
2,458,698 | 1.4 | |||
New Zealand: 0.1% | ||||
76,666 | Spark New Zealand Ltd. | 248,898 | 0.1 | |
Norway: 0.2% | ||||
37,141 | Orkla ASA | 377,781 | 0.2 | |
Singapore: 0.2% | ||||
68,600 | Singapore Exchange Ltd. | 433,795 | 0.2 | |
Spain: 1.3% | ||||
26,528 | Enagas | 649,608 | 0.4 | |
37,702 | Ferrovial SA - FERE | 1,007,400 | 0.6 | |
23,966 | Red Electrica Corp. SA | 458,663 | 0.2 | |
38,090 | Telefonica S.A. | 150,076 | 0.1 | |
2,265,747 | 1.3 | |||
Sweden: 0.3% | ||||
2,590 | Swedish Match AB | 196,711 | 0.1 | |
22,167 | Telefonaktiebolaget LM Ericsson | 258,465 | 0.2 | |
455,176 | 0.3 | |||
Switzerland: 3.5% | ||||
5,097 | LafargeHolcim Ltd.-CHF | 241,976 | 0.1 | |
10,577 | Logitech International SA | 783,380 | 0.4 | |
16,019 | Nestle SA | 1,929,443 | 1.1 | |
5,878 | Roche Holding AG | 2,056,236 | 1.2 | |
3,135 | Zurich Insurance Group AG | 1,159,159 | 0.7 | |
6,170,194 | 3.5 | |||
United Kingdom: 3.5% | ||||
14,989 | Admiral Group Plc | 522,991 | 0.3 | |
30,888 | (2) | Auto Trader Group PLC | 230,916 | 0.1 |
106,074 | Aviva PLC | 399,792 | 0.2 | |
108,226 | Direct Line Insurance Group PLC | 427,712 | 0.3 | |
78,663 | Evraz PLC | 336,544 | 0.2 | |
69,854 | GlaxoSmithKline PLC | 1,364,487 | 0.8 | |
19,882 | Imperial Brands PLC | 331,726 | 0.2 | |
8,464 | London Stock Exchange Group PLC | 999,780 | 0.6 | |
161,454 | (1) | Natwest Group PLC | 240,368 | 0.1 |
59,905 | Sage Group PLC/The | 591,488 | 0.3 | |
18,644 | Smith & Nephew PLC | 376,249 | 0.2 | |
254,423 | Vodafone Group PLC | 373,048 | 0.2 | |
6,195,101 | 3.5 | |||
United States: 63.5% | ||||
18,256 | AbbVie, Inc. | 1,748,377 | 1.0 | |
2,927 | Accenture PLC | 702,275 | 0.4 | |
17,118 | Activision Blizzard, Inc. | 1,429,695 | 0.8 | |
23,819 | Aflac, Inc. | 865,106 | 0.5 | |
5,428 | Air Products & Chemicals, Inc. | 1,586,387 | 0.9 | |
4,890 | Allison Transmission Holdings, Inc. | 175,404 | 0.1 | |
7,325 | Allstate Corp. | 681,225 | 0.4 | |
29,719 | Altria Group, Inc. | 1,299,909 | 0.7 | |
17,619 | Amdocs Ltd. | 1,078,811 | 0.6 | |
11,154 | Ameren Corp. | 882,393 | 0.5 | |
5,422 | American Water Works Co., Inc. | 766,345 | 0.4 | |
6,976 | Amgen, Inc. | 1,767,160 | 1.0 | |
1,203 | Anthem, Inc. | 338,669 | 0.2 | |
6,709 | Aptargroup, Inc. | 794,279 | 0.4 | |
57,035 | AT&T, Inc. | 1,700,213 | 1.0 | |
6,950 | Avnet, Inc. | 191,194 | 0.1 | |
22,155 | Bank of America Corp. | 570,270 | 0.3 | |
14,755 | Booz Allen Hamilton Holding Corp. | 1,299,325 | 0.7 | |
26,947 | Bristol-Myers Squibb Co. | 1,676,103 | 0.9 | |
8,575 | Broadridge Financial Solutions, Inc. ADR | 1,178,205 | 0.7 | |
2,040 | Carlisle Cos., Inc. | 267,138 | 0.2 | |
9,078 | CDK Global, Inc. | 423,216 | 0.2 | |
2,556 | CDW Corp. | 290,489 | 0.2 | |
1,208 | Chemed Corp. | 624,669 | 0.4 | |
15,245 | Chevron Corp. | 1,279,513 | 0.7 | |
3,146 | Church & Dwight Co., Inc. | 301,481 | 0.2 | |
40,567 | Cisco Systems, Inc. | 1,712,739 | 1.0 | |
4,552 | Citigroup, Inc. | 232,698 | 0.1 | |
7,967 | Citrix Systems, Inc. | 1,156,808 | 0.7 | |
15,419 | CMS Energy Corp. | 932,695 | 0.5 | |
4,660 | Cognizant Technology Solutions Corp. | 311,568 | 0.2 | |
2,922 | Colgate-Palmolive Co. | 231,598 | 0.1 | |
5,731 | Comcast Corp. – Class A | 256,806 | 0.1 | |
9,611 | Corporate Office Properties Trust SBI MD | 236,815 | 0.1 | |
3,234 | CSX Corp. | 247,272 | 0.1 | |
12,470 | Dolby Laboratories, Inc. | 871,030 | 0.5 | |
6,683 | Dollar General Corp. | 1,349,164 | 0.8 | |
6,234 | DTE Energy Co. | 739,789 | 0.4 | |
1,187 | Everest Re Group Ltd. | 261,235 | 0.1 | |
14,712 | Evergy, Inc. | 782,973 | 0.4 | |
5,772 | Exelon Corp. | 213,045 | 0.1 | |
16,212 | Flir Systems, Inc. | 598,223 | 0.3 | |
12,377 | Flowers Foods, Inc. | 302,741 | 0.2 | |
20,532 | General Mills, Inc. | 1,313,021 | 0.7 | |
11,955 | Gentex Corp. | 323,383 | 0.2 | |
41,531 | Geo Group, Inc./The | 463,486 | 0.3 | |
13,996 | Gilead Sciences, Inc. | 934,233 | 0.5 | |
5,742 | Hanover Insurance Group, Inc. | 588,498 | 0.3 | |
8,208 | Hershey Co. | 1,220,037 | 0.7 | |
9,454 | Honeywell International, Inc. | 1,565,110 | 0.9 | |
624 | Humana, Inc. | 259,066 | 0.1 | |
35,850 | Intel Corp. | 1,826,558 | 1.0 | |
11,610 | International Business Machines Corp. | 1,431,629 | 0.8 | |
4,788 | Intuit, Inc. | 1,653,727 | 0.9 | |
6,286 | Jack Henry & Associates, Inc. | 1,039,830 | 0.6 | |
18,380 | Johnson & Johnson | 2,819,676 | 1.6 | |
13,481 | JPMorgan Chase & Co. | 1,350,661 | 0.8 | |
49,665 | Juniper Networks, Inc. | 1,241,625 | 0.7 | |
2,114 | Kansas City Southern | 384,833 | 0.2 | |
9,204 | Kimberly-Clark Corp. | 1,452,023 | 0.8 | |
5,135 | Kroger Co. | 183,217 | 0.1 | |
12,615 | Leidos Holdings, Inc. | 1,141,531 | 0.6 | |
3,852 | Life Storage, Inc. | 406,116 | 0.2 | |
2,329 | Lockheed Martin Corp. | 908,916 | 0.5 | |
1,504 | MarketAxess Holdings, Inc. | 730,854 | 0.4 |
See Accompanying Notes to Financial Statements
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS |
as of August 31, 2020 (unaudited) (continued) |
Shares | Value | Percentage of Net Assets | ||
COMMON STOCK: (Continued) | ||||
United States: (Continued) | ||||
18,324 | Maxim Integrated Products | 1,254,095 | 0.7 | |
13,034 | MAXIMUS, Inc. | 1,010,787 | 0.6 | |
6,327 | McDonald's Corp. | 1,350,941 | 0.8 | |
24,428 | Merck & Co., Inc. | 2,082,976 | 1.2 | |
34,540 | Microsoft Corp. | 7,789,806 | 4.4 | |
8,408 | Motorola Solutions, Inc. | 1,301,138 | 0.7 | |
2,411 | MSC Industrial Direct Co. | 158,885 | 0.1 | |
5,582 | Nasdaq, Inc. | 750,332 | 0.4 | |
13,888 | National Instruments Corp. | 498,440 | 0.3 | |
1,195 | NewMarket Corp. | 445,126 | 0.3 | |
10,232 | OGE Energy Corp. | 325,992 | 0.2 | |
10,840 | Omnicom Group | 586,336 | 0.3 | |
28,815 | Oracle Corp. | 1,648,794 | 0.9 | |
11,581 | Packaging Corp. of America | 1,172,460 | 0.7 | |
14,163 | Paychex, Inc. | 1,083,045 | 0.6 | |
13,963 | PepsiCo, Inc. | 1,955,658 | 1.1 | |
55,205 | Pfizer, Inc. | 2,086,197 | 1.2 | |
16,989 | Philip Morris International, Inc. | 1,355,552 | 0.8 | |
11,154 | Phillips 66 | 652,174 | 0.4 | |
4,422 | Pinnacle West Capital Corp. | 324,354 | 0.2 | |
16,922 | Procter & Gamble Co. | 2,340,820 | 1.3 | |
16,113 | Progressive Corp. | 1,531,380 | 0.9 | |
3,260 | Public Storage, Inc. | 692,424 | 0.4 | |
11,740 | Qualcomm, Inc. | 1,398,234 | 0.8 | |
10,259 | Quest Diagnostics, Inc. | 1,141,211 | 0.6 | |
4,032 | Reliance Steel & Aluminum Co. | 422,836 | 0.2 | |
14,207 | Republic Services, Inc. | 1,317,273 | 0.7 | |
569 | Roper Technologies, Inc. | 243,071 | 0.1 | |
1,077 | S&P Global, Inc. | 394,634 | 0.2 | |
27,175 | Service Corp. International | 1,240,539 | 0.7 | |
15,981 | Silgan Holdings, Inc. | 608,237 | 0.3 | |
9,201 | Sonoco Products Co. | 487,929 | 0.3 | |
11,317 | Southern Co. | 590,521 | 0.3 | |
38,600 | Switch, Inc. | 663,920 | 0.4 | |
11,197 | Target Corp. | 1,693,098 | 1.0 | |
12,422 | Texas Instruments, Inc. | 1,765,787 | 1.0 | |
2,571 | United Parcel Service, Inc. - Class B | 420,667 | 0.2 | |
42,377 | Valvoline, Inc. | 864,491 | 0.5 | |
36,804 | Verizon Communications, Inc. | 2,181,373 | 1.2 | |
11,747 | Waste Management, Inc. | 1,339,158 | 0.8 | |
25,101 | Werner Enterprises, Inc. | 1,154,897 | 0.7 | |
41,332 | Western Union Co. | 975,022 | 0.6 | |
44,355 | Williams Cos., Inc. | 920,810 | 0.5 | |
15,366 | Xerox Holdings Corp. | 289,803 | 0.2 | |
7,254 | Xilinx, Inc. | 755,577 | 0.4 | |
5,160 | Yum! Brands, Inc. | 494,586 | 0.3 | |
9,429 | Zoetis, Inc. | 1,509,583 | 0.9 | |
112,864,049 | 63.5 | |||
Total Common Stock | ||||
(Cost $166,751,683) | 179,391,919 | 101.0 | ||
EXCHANGE-TRADED FUNDS: 0.5% | ||||
4,742 | iShares MSCI EAFE ETF | 308,135 | 0.2 | |
1,853 | SPDR S&P 500 ETF Trust | 647,271 | 0.3 | |
Total Exchange-Traded Funds | ||||
(Cost $908,221) | 955,406 | 0.5 | ||
Total Long-Term Investments | ||||
(Cost $167,659,904) | 180,347,325 | 101.5 | ||
SHORT-TERM INVESTMENTS: 0.8% | ||||
Mutual Funds: 0.8% | ||||
1,403,000 | (3) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 0.020% | ||
(Cost $1,403,000) | 1,403,000 | 0.8 | ||
Total Short-Term Investments | ||||
(Cost $1,403,000) | 1,403,000 | 0.8 | ||
Total Investments in Securities (Cost $169,062,904) | $ 181,750,325 | 102.3 | ||
Liabilities in Excess of Other Assets | (4,085,680 ) | (2.3) | ||
Net Assets | $ 177,664,645 | 100.0 |
ADR | American Depositary Receipt |
(1) | Non-income producing security. |
(2) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(3) | Rate shown is the 7-day yield as of August 31, 2020. |
See Accompanying Notes to Financial Statements
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Period* | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||||||||||
July 1-31, 2020 | 69,649 | $8.22 | 69,649 | 1,760,848 | ||||||||||||
Aug 1-31, 2020 | 6,000 | $8.34 | 6,000 | 1,754,848 | ||||||||||||
Total | 75,649 | 75,649 |
* The Registrant’s repurchase program, which authorized the repurchase of 1,830,497 shares, was announced on March 13, 2020, with an expiration date of March 31, 2021. Any repurchases made by the registrant pursuant to the program were made through open-market transactions.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. |
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | The Code of Ethics is not required for the semi-annual filing. |
(a)(3) | Not required for semi-annual filing. |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
(c) | Notices to the registrant's common shareholders in accordance with the order under Section 6(c) of the Investment Company Act of 1940 (the “1940 Act”) granting an exemption from Section 19(b) of the 1940 Act and Rule 19b-1 under the 1940 Act, dated August 16, 2011.1 |
(c)(1) | 2nd Qtr 2020 |
(c)(2) | 3rd Qtr 2020 |
1 The Fund has received exemptive relief from the Securities and Exchange Commission permitting it to make periodic distributions of long-term capital gains with respect to its outstanding common stock as frequently as twelve times each year, and as frequently as distributions are specified by or in accordance with the terms of its outstanding preferred stock. This relief is conditioned, in part, on an undertaking by the Fund to make the disclosures to the holders of the Fund's common shares, in addition to the information required by Section 19(a) of the 1940 Act and Rule 19a-1 thereunder. The Fund is likewise obligated to file with the SEC the information contained in any such notice to shareholders and, in that regard, has attached hereto copies of each such notice made during the period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): Voya Global Advantage and Premium Opportunity Fund
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer |
Date: November 6, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer |
Date: November 6, 2020
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer | ||
Date: November 6, 2020