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, 2022 to August 31, 2022
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):
Voya Global Advantage and Premium Opportunity Fund
As permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of the fund’s annual and semi-annual shareholder reports, like this semi-annual report, are not 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 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. |
INVESTMENT MANAGEMENT voyainvestments.com |
TABLE OF CONTENTS
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You will be notified by e-mail when these communications become available on the internet. |
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. 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.
STATEMENT OF ASSETS AND LIABILITIES AS OF AUGUST 31, 2022 (UNAUDITED)
ASSETS: | |||||
Investments in securities at fair value* | $ | 157,800,747 | |||
Short-term investments at fair value† | 1,375,000 | ||||
Cash | 470,271 | ||||
Cash pledged as collateral for OTC derivatives (Note 2) | 692,000 | ||||
Due from broker | 551,064 | ||||
Foreign currencies at value‡ | 115 | ||||
Receivables: | |||||
Dividends | 528,595 | ||||
Foreign tax reclaims | 235,008 | ||||
Unrealized appreciation on forward foreign currency contracts | 1,835,262 | ||||
Prepaid expenses | 1,583 | ||||
Other assets | 8,184 | ||||
Total assets | 163,497,829 | ||||
LIABILITIES: | |||||
Payable for investment securities and currencies purchased | 239,904 | ||||
Unrealized depreciation on forward foreign currency contracts | 21,629 | ||||
Payable for investment management fees | 118,709 | ||||
Payable to trustees under the deferred compensation plan (Note 6) | 8,184 | ||||
Payable for trustee fees | 426 | ||||
Other accrued expenses and liabilities | 135,930 | ||||
Written options, at fair valueˆ | 468,154 | ||||
Total liabilities | 992,936 | ||||
NET ASSETS | $ | 162,504,893 | |||
NET ASSETS WERE COMPRISED OF: | |||||
Paid-in capital | $ | 153,450,781 | |||
Total distributable earnings | 9,054,112 | ||||
NET ASSETS | $ | 162,504,893 | |||
| |||||
* | Cost of investments in securities | $ | 156,198,890 | ||
† | Cost of short-term investments | $ | 1,375,000 | ||
‡ | Cost of foreign currencies | $ | 232 | ||
ˆ | Premiums received on written options | $ | 1,384,715 | ||
Net assets | $ | 162,504,893 | |||
Shares authorized | unlimited | ||||
Par value | $ | 0.010 | |||
Shares outstanding | 16,026,487 | ||||
Net asset value | $ | 10.14 |
STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED AUGUST 31, 2022 (UNAUDITED)
INVESTMENT INCOME: | ||||
Dividends, net of foreign taxes withheld* | $ | 3,124,715 | ||
Total investment income | 3,124,715 | |||
EXPENSES: | ||||
Investment management fees | 728,459 | |||
Transfer agent fees | 9,256 | |||
Shareholder reporting expense | 20,240 | |||
Professional fees | 48,760 | |||
Custody and accounting expense | 41,952 | |||
Trustee fees | 2,125 | |||
Miscellaneous expense | 23,292 | |||
Total expenses | 874,084 | |||
Waived and reimbursed fees | (8,571 | ) | ||
Net expenses | 865,513 | |||
Net investment income | 2,259,202 | |||
REALIZED AND UNREALIZED GAIN (LOSS): | ||||
Net realized gain (loss) on: | ||||
Investments | 4,161,968 | |||
Forward foreign currency contracts | 4,637,830 | |||
Foreign currency related transactions | (768,865 | ) | ||
Written options | 2,518,892 | |||
Net realized gain | 10,549,825 | |||
Net change in unrealized appreciation (depreciation) on: | ||||
Investments | (14,656,207 | ) | ||
Forward foreign currency contracts | 1,651,403 | |||
Foreign currency related transactions | (31,378 | ) | ||
Written options | 315,751 | |||
Net change in unrealized appreciation (depreciation) | (12,720,431 | ) | ||
Net realized and unrealized loss | (2,170,606 | ) | ||
Increase in net assets resulting from operations | $ | 88,596 | ||
* Foreign taxes withheld | $ | 179,649 |
STATEMENTS OF CHANGES IN NET ASSETS
Six Months Ended August 31, 2022 (Unaudited) | Year Ended February 28, 2022 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
FROM OPERATIONS: | ||||||||||
Net investment income | $ | 2,259,202 | $ | 3,078,658 | ||||||
Net realized gain | 10,549,825 | 20,528,796 | ||||||||
Net change in unrealized appreciation (depreciation) | (12,720,431 | ) | 484,266 | |||||||
Increase in net assets resulting from operations | 88,596 | 24,091,720 | ||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||
Total distributions (excluding return of capital): | (6,407,225 | ) | (3,551,218 | ) | ||||||
Return of capital | — | (9,714,217 | ) | |||||||
Total distributions | (6,407,225 | ) | (13,265,435 | ) | ||||||
FROM CAPITAL SHARE TRANSACTIONS: | ||||||||||
Cost of shares repurchased | (3,276,107 | ) | — | |||||||
Cost of shares repurchased in tender offer (Note 7) | — | (18,799,825 | ) | |||||||
Net decrease in net assets resulting from capital share transactions | (3,276,107 | ) | (18,799,825 | ) | ||||||
Net decrease in net assets | (9,594,736 | ) | (7,973,540 | ) | ||||||
NET ASSETS: | ||||||||||
Beginning of year or period | 172,099,629 | 180,073,169 | ||||||||
End of year or period | $ | 162,504,893 | $ | 172,099,629 |
Per Share Operating Performance | Ratios and Supplemental Data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from investment operations | Less distributions | Ratios to average net assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income gain (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | Total distributions | Accretion to net asset value due to tender offer | Net asset value, end of year or period | Market value, end of year or period | Total investment return at net asset value(1) | Total investment return at market value(2) | Net assets, end of year or period (000’s) | Gross expenses prior to expense waiver/ recoupment(3) | Net expenses after expense waiver/ recoupment(3),(4) | Net investment income (loss)(3),(4) | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | (%) | (%) | ($000’s) | (%) | (%) | (%) | (%) | (%) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
08-31-22+ | 10.51 | 0.14 | • | (0.12 | ) | 0.02 | 0.39 | — | — | 0.39 | — | 10.14 | 9.13 | 0.59 | 0.20 | 162,505 | 1.00 | 0.99 | 2.65 | 41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-22 | 9.89 | 0.18 | • | 1.20 | 1.38 | 0.26 | — | 0.53 | 0.79 | 0.03 | 10.51 | 9.50 | 15.02 | 15.28 | 172,100 | 1.10 | 1.09 | 1.72 | 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-21 | 10.42 | 0.19 | • | 0.07 | 0.26 | 0.15 | 0.40 | 0.24 | 0.79 | — | 9.89 | 8.92 | 4.27 | 5.48 | 180,073 | 0.97 | 0.97 | 2.00 | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
(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)%. |
See Accompanying Notes to Financial Statements
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED)
NOTE 1 — ORGANIZATION
Assets for which market quotations are readily available are valued at market value. A security listed or traded on an exchange is valued at its last sales price or official closing price as of the close of the regular trading session on the exchange where the security is principally traded or, if such price is not available, at the last sale price as of the Market
Close for such security provided by the CTA. Bank loans are valued at the average of the averages of the bid and ask prices provided to an independent loan pricing service by brokers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Investments in open-end registered investment companies that do not trade on an exchange are valued at the end of day NAV per share. Investments in registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the regular trading session on the exchange where the security is principally traded.
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
(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. |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 4 — INVESTMENT MANAGEMENT FEES (continued)
Year or period ended | Shares repurchased | Shares repurchased in tender offer | Net increase (decrease) in shares outstanding | Shares repurchased | Shares repurchased in tender offer | Net increase (decrease) | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# | # | # | ($) | ($) | ($) | ||||||||||||||||||
8/31/2022 | (352,840 | ) | — | (352,840 | ) | (3,276,107 | ) | — | (3,276,107 | ) | |||||||||||||
2/28/2022 | — | (1,819,925 | ) | (1,819,925 | ) | — | (18,799,825) | (18,799,825 | ) |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
NOTE 7 — CAPITAL SHARES (continued)
Share Repurchase Program
Effective April 1, 2022, pursuant to an open-market share repurchase program, the Fund may purchase, over the period ending March 31, 2023, up to 10% of its stock in open-market transactions. Previously, pursuant to an open-market share repurchase program effective April 1, 2021, the Fund could have purchased, over the period ended March 31, 2022, up to 10% of its stock in open-market transactions. The amount and timing of the repurchases will be at the discretion of the Fund’s management, subject to market conditions and investment considerations. There is no assurance that the Fund will purchase shares at any particular discount level or in any particular amounts. Any repurchases made under this program would be made on a national securities exchange at the prevailing market price, subject to exchange requirements and volume, timing and other limitations under federal securities laws. The share repurchase program seeks to enhance shareholder value by purchasing shares trading at a discount from their NAV per share. The open-market share repurchase program does not obligate the Fund to repurchase any dollar amount or number of shares of its stock.
For the period ended August 31, 2022, the Fund repurchased 352,840 shares, representing approximately 2.20% of the Fund’s outstanding shares for a net purchase price of $3,276,107 (including commissions of $8,821). Shares were repurchased at a weighted-average discount from NAV per share of 11.53% and a weighted-average price per share of $9.26.
Tax Year Ended December 31, 2021 | Tax Year Ended December 31, 2020 | |||||||||||
Ordinary Income | Return of Capital | Ordinary Income | Long-term Capital Gain | Return of Capital | ||||||||
$4,540,383 | $9,083,578 | $2,311,099 | $7,323,759 | $1,168,474 |
Unrealized Appreciation/ | Capital Loss Carryforwards | Total Distributable | |||||||||
(Depreciation) | Amount | Character | Expiration | Other | Earnings/(Loss) | ||||||
$24,298,985 | $(1,806,509) | Short-term | None | $(3,346,615) | $19,145,861 |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED)
Per Share Amount | Declaration Date | Payable Date | Record Date | ||||
---|---|---|---|---|---|---|---|
$0.197 | 9/15/2022 | 10/17/2022 | 10/4/2022 |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2022 (UNAUDITED) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 94.3% | ||||||||||||||
Australia: 2.9% | ||||||||||||||
20,169 | Ampol Ltd. | $ | 474,061 | 0.3 | ||||||||||
152,276 | Aurizon Holdings Ltd. | 385,127 | 0.2 | |||||||||||
55,449 | Australia & New Zealand Banking Group Ltd. | 857,164 | 0.5 | |||||||||||
52,932 | Brambles Ltd. | 445,489 | 0.3 | |||||||||||
205,901 | Medibank Pvt Ltd. | 518,659 | 0.3 | |||||||||||
12,213 | Rio Tinto Ltd. | 775,691 | 0.5 | |||||||||||
6,704 | Sonic Healthcare Ltd. | 155,031 | 0.1 | |||||||||||
91,647 | Telstra Corp., Ltd. | 247,837 | 0.2 | |||||||||||
81,100 | Transurban Group — Stapled Security | 769,436 | 0.5 | |||||||||||
4,628,495 | 2.9 | |||||||||||||
Belgium: 0.1% | ||||||||||||||
2,194 | UCB S.A. | 154,166 | 0.1 | |||||||||||
Canada: 4.5% | ||||||||||||||
19,078 | Bank of Nova Scotia | 1,054,893 | 0.6 | |||||||||||
16,849 | BCE, Inc. | 813,104 | 0.5 | |||||||||||
19,561 | Canadian Imperial Bank of Commerce — XTSE | 925,065 | 0.6 | |||||||||||
5,291 | Canadian Utilities Ltd. | 161,870 | 0.1 | |||||||||||
23,101 | Enbridge, Inc. | 952,640 | 0.6 | |||||||||||
2,105 | National Bank Of Canada | 139,265 | 0.1 | |||||||||||
14,235 | Pembina Pipeline Corp. | 502,699 | 0.3 | |||||||||||
7,921 | Royal Bank of Canada | 736,583 | 0.4 | |||||||||||
5,737 | Shaw Communications, Inc. — Class B | 147,122 | 0.1 | |||||||||||
37,649 | TELUS Corp. | 847,952 | 0.5 | |||||||||||
7,872 | Waste Connections, Inc. | 1,095,625 | 0.7 | |||||||||||
7,376,818 | 4.5 | |||||||||||||
China: 0.1% | ||||||||||||||
55,500 | BOC Hong Kong Holdings Ltd. | 191,020 | 0.1 | |||||||||||
Denmark: 0.2% | ||||||||||||||
4,632 | Novozymes A/S | 265,847 | 0.2 | |||||||||||
Finland: 0.5% | ||||||||||||||
6,619 | Elisa OYJ | 353,974 | 0.2 | |||||||||||
11,210 | Kone Oyj | 448,318 | 0.3 | |||||||||||
802,292 | 0.5 | |||||||||||||
France: 2.2% | ||||||||||||||
4,144 | Air Liquide SA | 519,299 | 0.3 | |||||||||||
14,007 | AXA S.A. | 329,889 | 0.2 | |||||||||||
7,139 | BNP Paribas | 331,752 | 0.2 | |||||||||||
9,258 | Bouygues SA | 271,955 | 0.2 | |||||||||||
2,702 | Cie de Saint-Gobain | 108,831 | 0.1 | |||||||||||
6,920 | Cie Generale des Etablissements Michelin SCA | 168,304 | 0.1 | |||||||||||
5,545 | Dassault Systemes SE | 213,834 | 0.1 | |||||||||||
1,612 | Ipsen SA | 154,490 | 0.1 | |||||||||||
6,042 | (1) | La Francaise des Jeux SAEM | 195,968 | 0.1 | ||||||||||
3,807 | Legrand S.A. | 275,456 | 0.2 | |||||||||||
83,978 | Orange SA | 850,481 | 0.5 | |||||||||||
2,267 | SEB SA | 167,906 | 0.1 | |||||||||||
3,588,165 | 2.2 | |||||||||||||
Germany: 1.5% | ||||||||||||||
20,876 | Deutsche Post AG | 761,959 | 0.5 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
Germany: (continued) | ||||||||||||||
26,611 | Deutsche Telekom AG | $ | 501,546 | 0.3 | ||||||||||
9,291 | GEA Group AG | 323,206 | 0.2 | |||||||||||
4,757 | (1) | Scout24 SE | 274,066 | 0.2 | ||||||||||
5,187 | Symrise AG | 542,740 | 0.3 | |||||||||||
2,403,517 | 1.5 | |||||||||||||
Hong Kong: 1.7% | ||||||||||||||
50,000 | CK Hutchison Holdings Ltd. | 322,883 | 0.2 | |||||||||||
162,000 | HKT Trust & HKT Ltd. — Stapled Security | 217,336 | 0.1 | |||||||||||
6,900 | Jardine Matheson Holdings Ltd. | 366,390 | 0.2 | |||||||||||
109,100 | Link REIT | 844,328 | 0.5 | |||||||||||
89,000 | MTR Corp. | 455,797 | 0.3 | |||||||||||
72,000 | Power Assets Holdings Ltd. | 430,647 | 0.3 | |||||||||||
64,000 | SITC International Holdings Co. Ltd. | 162,293 | 0.1 | |||||||||||
2,799,674 | 1.7 | |||||||||||||
Ireland: 0.8% | ||||||||||||||
5,287 | CRH PLC | 195,237 | 0.1 | |||||||||||
7,460 | DCC PLC | 429,355 | 0.3 | |||||||||||
8,482 | Medtronic PLC | 745,737 | 0.4 | |||||||||||
1,370,329 | 0.8 | |||||||||||||
Israel: 0.1% | ||||||||||||||
6,046 | ZIM Integrated Shipping Services Ltd. | 218,200 | 0.1 | |||||||||||
Italy: 1.1% | ||||||||||||||
73,387 | ENI S.p.A. | 866,919 | 0.6 | |||||||||||
29,263 | FinecoBank Banca Fineco SpA | 316,402 | 0.2 | |||||||||||
65,946 | (1) | Poste Italiane SpA | 527,042 | 0.3 | ||||||||||
1,710,363 | 1.1 | |||||||||||||
Japan: 6.7% | ||||||||||||||
13,000 | Dai Nippon Printing Co., Ltd. | 273,635 | 0.2 | |||||||||||
234,100 | ENEOS Holdings, Inc. | 884,647 | 0.6 | |||||||||||
29,600 | Japan Tobacco, Inc. | 501,526 | 0.3 | |||||||||||
12,000 | McDonald’s Holdings Co. Japan Ltd. | 428,914 | 0.3 | |||||||||||
41,200 | Mitsubishi HC Capital, Inc. | 199,666 | 0.1 | |||||||||||
54,100 | Mizuho Financial Group, Inc. | 619,465 | 0.4 | |||||||||||
1,900 | Nintendo Co., Ltd. | 777,759 | 0.5 | |||||||||||
24,100 | Nippon Telegraph & Telephone Corp. | 653,213 | 0.4 | |||||||||||
8,600 | Ono Pharmaceutical Co., Ltd. | 205,284 | 0.1 | |||||||||||
23,500 | Osaka Gas Co., Ltd. | 395,820 | 0.2 | |||||||||||
13,000 | Secom Co., Ltd. | 828,220 | 0.5 | |||||||||||
43,400 | Sekisui House Ltd. | 738,001 | 0.5 | |||||||||||
12,300 | SG Holdings Co. Ltd. | 204,017 | 0.1 | |||||||||||
51,800 | Sumitomo Chemical Co., Ltd. | 203,902 | 0.1 | |||||||||||
30,400 | Sumitomo Mitsui Financial Group, Inc. | 916,963 | 0.6 | |||||||||||
28,000 | Sumitomo Mitsui Trust Holdings, Inc. | 870,889 | 0.5 | |||||||||||
35,300 | Takeda Pharmaceutical Co., Ltd. | 975,694 | 0.6 |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
Japan: (continued) | ||||||||||||||
15,000 | Tokio Marine Holdings, Inc. | $ | 831,291 | 0.5 | ||||||||||
15,900 | Tokyo Gas Co., Ltd. | 298,303 | 0.2 | |||||||||||
10,807,209 | 6.7 | |||||||||||||
Netherlands: 0.6% | ||||||||||||||
9,365 | Wolters Kluwer NV | 915,834 | 0.6 | |||||||||||
New Zealand: 0.1% | ||||||||||||||
59,527 | Spark New Zealand Ltd. | 196,910 | 0.1 | |||||||||||
Singapore: 0.1% | ||||||||||||||
62,500 | Singapore Technologies Engineering Ltd. | 166,547 | 0.1 | |||||||||||
Spain: 0.7% | ||||||||||||||
8,846 | ACS Actividades de Construccion y Servicios SA | 197,086 | 0.1 | |||||||||||
32,587 | Iberdrola S.A. — IBEE | 339,288 | 0.2 | |||||||||||
42,391 | Repsol SA | 550,580 | 0.4 | |||||||||||
1,086,954 | 0.7 | |||||||||||||
Switzerland: 1.9% | ||||||||||||||
9,807 | Holcim AG | 434,700 | 0.3 | |||||||||||
1,382 | Roche Holding AG-GENUSSCHEIN | 445,338 | 0.3 | |||||||||||
1,768 | Swisscom AG | 914,110 | 0.5 | |||||||||||
3,026 | Zurich Insurance Group AG | 1,343,240 | 0.8 | |||||||||||
3,137,388 | 1.9 | |||||||||||||
United Kingdom: 4.8% | ||||||||||||||
32,691 | 3i Group PLC | 460,166 | 0.3 | |||||||||||
15,207 | Admiral Group Plc | 374,073 | 0.2 | |||||||||||
87,889 | Amcor PLC | 1,055,547 | 0.7 | |||||||||||
183,408 | Aviva PLC | 889,754 | 0.5 | |||||||||||
29,235 | British American Tobacco PLC | 1,170,938 | 0.7 | |||||||||||
56,411 | GSK PLC | 901,728 | 0.5 | |||||||||||
69,191 | (2) | Haleon PLC | 208,061 | 0.1 | ||||||||||
9,813 | Hikma Pharmaceuticals PLC | 149,556 | 0.1 | |||||||||||
49,074 | Imperial Brands PLC | 1,079,224 | 0.7 | |||||||||||
208,644 | M&G PLC | 473,503 | 0.3 | |||||||||||
54,062 | NatWest Group PLC | 154,276 | 0.1 | |||||||||||
72,912 | The Sage Group PLC | 604,343 | 0.4 | |||||||||||
21,637 | United Utilities Group PLC | 265,189 | 0.2 | |||||||||||
7,786,358 | 4.8 | |||||||||||||
United States: 63.7% | ||||||||||||||
16,467 | AbbVie, Inc. | 2,214,153 | 1.4 | |||||||||||
6,280 | AECOM | 459,382 | 0.3 | |||||||||||
1,346 | Agilent Technologies, Inc. | 172,625 | 0.1 | |||||||||||
5,230 | Air Products & Chemicals, Inc. | 1,320,314 | 0.8 | |||||||||||
3,594 | Allegion Public Ltd. | 341,789 | 0.2 | |||||||||||
7,351 | Allstate Corp. | 885,796 | 0.5 | |||||||||||
11,711 | Amdocs Ltd. | 1,000,939 | 0.6 | |||||||||||
7,342 | Amgen, Inc. | 1,764,283 | 1.1 | |||||||||||
3,988 | AO Smith Corp. | 225,123 | 0.1 | |||||||||||
2,055 | Aptargroup, Inc. | 211,275 | 0.1 | |||||||||||
5,040 | Assurant, Inc. | 798,790 | 0.5 | |||||||||||
7,415 | Avnet, Inc. | 325,444 | 0.2 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
United States: (continued) | ||||||||||||||
12,695 | Axis Capital Holdings Ltd. | $ | 674,739 | 0.4 | ||||||||||
2,922 | Bank of Hawaii Corp. | 227,974 | 0.1 | |||||||||||
14,412 | Bank OZK | 584,118 | 0.4 | |||||||||||
4,968 | Baxter International, Inc. | 285,461 | 0.2 | |||||||||||
5,219 | Becton Dickinson & Co. | 1,317,380 | 0.8 | |||||||||||
1,648 | Blackrock, Inc. | 1,098,211 | 0.7 | |||||||||||
2,292 | Booz Allen Hamilton Holding Corp. | 219,344 | 0.1 | |||||||||||
25,346 | Bristol-Myers Squibb Co. | 1,708,574 | 1.1 | |||||||||||
16,155 | Cardinal Health, Inc. | 1,142,482 | 0.7 | |||||||||||
11,089 | Chevron Corp. | 1,752,727 | 1.1 | |||||||||||
3,358 | Church & Dwight Co., Inc. | 281,098 | 0.2 | |||||||||||
1,065 | Cigna Corp. | 301,874 | 0.2 | |||||||||||
41,464 | Cisco Systems, Inc. | 1,854,270 | 1.1 | |||||||||||
12,631 | Citigroup, Inc. | 616,519 | 0.4 | |||||||||||
3,145 | Coca-Cola Co. | 194,078 | 0.1 | |||||||||||
15,475 | Colgate-Palmolive Co. | 1,210,300 | 0.7 | |||||||||||
10,756 | ConocoPhillips | 1,177,244 | 0.7 | |||||||||||
7,223 | CVS Health Corp. | 708,937 | 0.4 | |||||||||||
6,994 | Digital Realty Trust, Inc. | 864,668 | 0.5 | |||||||||||
12,591 | Dolby Laboratories, Inc. | 922,165 | 0.6 | |||||||||||
990 | Dollar General Corp. | 235,046 | 0.1 | |||||||||||
17,099 | DT Midstream, Inc. | 944,036 | 0.6 | |||||||||||
7,916 | DTE Energy Co. | 1,031,771 | 0.6 | |||||||||||
13,308 | Duke Energy Corp. | 1,422,758 | 0.9 | |||||||||||
6,212 | Duke Realty Corp. | 365,576 | 0.2 | |||||||||||
6,929 | Electronic Arts, Inc. | 879,082 | 0.5 | |||||||||||
1,192 | Elevance Health, Inc. | 578,251 | 0.4 | |||||||||||
13,406 | Emerson Electric Co. | 1,095,806 | 0.7 | |||||||||||
8,335 | Entergy Corp. | 961,026 | 0.6 | |||||||||||
2,585 | Everest Re Group Ltd. | 695,494 | 0.4 | |||||||||||
14,418 | Evergy, Inc. | 988,066 | 0.6 | |||||||||||
4,409 | Eversource Energy | 395,443 | 0.2 | |||||||||||
913 | Extra Space Storage, Inc. | 181,441 | 0.1 | |||||||||||
2,070 | Factset Research Systems, Inc. | 897,014 | 0.6 | |||||||||||
1,986 | FedEx Corp. | 418,669 | 0.3 | |||||||||||
8,525 | First American Financial Corp. | 456,088 | 0.3 | |||||||||||
6,931 | First Industrial Realty Trust, Inc. | 351,263 | 0.2 | |||||||||||
35,996 | Flowers Foods, Inc. | 982,691 | 0.6 | |||||||||||
13,624 | FNB Corp. | 162,398 | 0.1 | |||||||||||
4,219 | Fortive Corp. | 267,189 | 0.2 | |||||||||||
14,249 | Gaming and Leisure Properties, Inc. | 687,799 | 0.4 | |||||||||||
18,739 | General Mills, Inc. | 1,439,155 | 0.9 | |||||||||||
12,137 | Genpact Ltd. | 570,196 | 0.4 | |||||||||||
24,246 | Gentex Corp. | 661,673 | 0.4 | |||||||||||
7,420 | Genuine Parts Co. | 1,157,594 | 0.7 | |||||||||||
20,899 | Gilead Sciences, Inc. | 1,326,460 | 0.8 | |||||||||||
2,700 | Greif, Inc. — Class A | 181,035 | 0.1 | |||||||||||
3,284 | Hancock Whitney Corp. | 158,387 | 0.1 | |||||||||||
4,460 | Hanover Insurance Group, Inc. | 577,079 | 0.4 | |||||||||||
14,107 | Hartford Financial Services Group, Inc. | 907,221 | 0.6 | |||||||||||
2,654 | Hasbro, Inc. | 209,188 | 0.1 | |||||||||||
4,655 | Hershey Co. | 1,045,839 | 0.6 | |||||||||||
17,562 | Highwoods Properties, Inc. | 534,060 | 0.3 | |||||||||||
6,239 | International Bancshares Corp. | 260,353 | 0.2 | |||||||||||
6,680 | International Business Machines Corp. | 858,046 | 0.5 |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
United States: (continued) | ||||||||||||||
14,558 | Iron Mountain, Inc. | $ | 765,896 | 0.5 | ||||||||||
20,196 | Johnson & Johnson | 3,258,423 | 2.0 | |||||||||||
11,257 | Johnson Controls International plc | 609,454 | 0.4 | |||||||||||
22,163 | Juniper Networks, Inc. | 629,872 | 0.4 | |||||||||||
15,972 | Kellogg Co. | 1,161,803 | 0.7 | |||||||||||
16,291 | Keurig Dr Pepper, Inc. | 621,013 | 0.4 | |||||||||||
4,664 | Kilroy Realty Corp. | 227,463 | 0.1 | |||||||||||
1,353 | Kimberly-Clark Corp. | 172,535 | 0.1 | |||||||||||
2,313 | Lamar Advertising Co. | 217,168 | 0.1 | |||||||||||
4,488 | Life Storage, Inc. | 571,098 | 0.4 | |||||||||||
9,535 | Loews Corp. | 527,381 | 0.3 | |||||||||||
6,801 | Manpowergroup, Inc. | 498,649 | 0.3 | |||||||||||
11,796 | Marathon Petroleum Corp. | 1,188,447 | 0.7 | |||||||||||
8,529 | Marsh & McLennan Cos., Inc. | 1,376,325 | 0.9 | |||||||||||
3,270 | McKesson Corp. | 1,200,090 | 0.7 | |||||||||||
10,736 | MDU Resources Group, Inc. | 323,690 | 0.2 | |||||||||||
25,188 | Merck & Co., Inc. | 2,150,048 | 1.3 | |||||||||||
15,691 | Metlife, Inc. | 1,009,402 | 0.6 | |||||||||||
8,342 | Mondelez International, Inc. | 516,036 | 0.3 | |||||||||||
4,952 | Morgan Stanley | 422,009 | 0.3 | |||||||||||
2,953 | MSC Industrial Direct Co. | 233,907 | 0.1 | |||||||||||
10,952 | National Fuel Gas Co. | 780,549 | 0.5 | |||||||||||
20,680 | National Retail Properties, Inc. | 928,532 | 0.6 | |||||||||||
7,312 | National Storage Affiliates Trust | 369,402 | 0.2 | |||||||||||
8,955 | NetApp, Inc. | 645,924 | 0.4 | |||||||||||
928 | NewMarket Corp. | 266,531 | 0.2 | |||||||||||
26,002 | NiSource, Inc. | 767,319 | 0.5 | |||||||||||
39,425 | Old Republic International Corp. | 861,042 | 0.5 | |||||||||||
6,385 | Packaging Corp. of America | 874,234 | 0.5 | |||||||||||
11,774 | PepsiCo, Inc. | 2,028,307 | 1.3 | |||||||||||
38,012 | Pfizer, Inc. | 1,719,283 | 1.1 | |||||||||||
8,800 | Philip Morris International, Inc. | 840,312 | 0.5 | |||||||||||
11,391 | Phillips 66 | 1,019,039 | 0.6 | |||||||||||
34,335 | PPL Corp. | 998,462 | 0.6 | |||||||||||
4,586 | Premier, Inc. | 161,611 | 0.1 | |||||||||||
19,436 | Procter & Gamble Co. | 2,681,002 | 1.7 | |||||||||||
1,318 | ProLogis, Inc. | 164,104 | 0.1 | |||||||||||
12,421 | Prosperity Bancshares, Inc. | 880,401 | 0.5 | |||||||||||
11,503 | Reynolds Consumer Products, Inc. | 321,279 | 0.2 | |||||||||||
2,210 | Rockwell Automation, Inc. | 523,637 | 0.3 | |||||||||||
2,232 | Roper Technologies, Inc. | 898,559 | 0.6 | |||||||||||
2,083 | Ryder System, Inc. | 159,225 | 0.1 | |||||||||||
1,361 | S&P Global, Inc. | 479,317 | 0.3 | |||||||||||
4,900 | Sempra Energy | 808,353 | 0.5 | |||||||||||
12,616 | Service Corp. International | 778,533 | 0.5 | |||||||||||
5,030 | Silgan Holdings, Inc. | 229,117 | 0.1 | |||||||||||
5,797 | SL Green Realty Corp. | 256,054 | 0.2 | |||||||||||
3,618 | Snap-On, Inc. | 788,218 | 0.5 | |||||||||||
14,245 | Sonoco Products Co. | 897,720 | 0.6 | |||||||||||
5,780 | T. Rowe Price Group, Inc. | 693,600 | 0.4 | |||||||||||
6,285 | Targa Resources Corp. | 428,826 | 0.3 | |||||||||||
9,082 | Texas Instruments, Inc. | 1,500,437 | 0.9 | |||||||||||
4,058 | Travelers Cos, Inc. | 655,935 | 0.4 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
United States: (continued) | ||||||||||||||
3,975 | UMB Financial Corp. | $ | 355,643 | 0.2 | ||||||||||
3,997 | United Parcel Service, Inc. — Class B | 777,456 | 0.5 | |||||||||||
921 | UnitedHealth Group, Inc. | 478,303 | 0.3 | |||||||||||
25,515 | US Bancorp | 1,163,739 | 0.7 | |||||||||||
1,202 | Valero Energy Corp. | 140,778 | 0.1 | |||||||||||
4,483 | Verisk Analytics, Inc. | 839,038 | 0.5 | |||||||||||
41,308 | Verizon Communications, Inc. | 1,727,088 | 1.1 | |||||||||||
9,475 | Washington Federal, Inc. | 303,295 | 0.2 | |||||||||||
5,711 | WEC Energy Group, Inc. | 589,033 | 0.4 | |||||||||||
5,057 | Wells Fargo & Co. | 221,041 | 0.1 | |||||||||||
7,910 | WestRock Co. | 321,067 | 0.2 | |||||||||||
34,621 | Williams Cos., Inc. | 1,178,153 | 0.7 | |||||||||||
12,228 | WP Carey, Inc. | 1,027,519 | 0.6 | |||||||||||
3,830 | Zoetis, Inc. | 599,510 | 0.4 | |||||||||||
103,552,505 | 63.7 | |||||||||||||
Total Common Stock (Cost $151,429,768) | 153,158,591 | 94.3 | ||||||||||||
EXCHANGE-TRADED FUNDS: 2.9% | ||||||||||||||
36,401 | iShares MSCI EAFE Value Index ETF | 1,539,034 | 1.0 | |||||||||||
20,693 | iShares Russell 1000 Value ETF | 3,103,122 | 1.9 | |||||||||||
Total Exchange-Traded Funds (Cost $4,769,122) | 4,642,156 | 2.9 | ||||||||||||
Total Long-Term Investments (Cost $156,198,890) | 157,800,747 | 97.2 | ||||||||||||
SHORT-TERM INVESTMENTS: 0.8% | ||||||||||||||
Mutual Funds: 0.8% | ||||||||||||||
1,375,000 | (3) | Goldman Sachs Financial Square Government Fund — Institutional Shares, 2.170% (Cost $1,375,000) | 1,375,000 | 0.8 | ||||||||||
Total Short-Term Investments (Cost $1,375,000) | 1,375,000 | 0.8 | ||||||||||||
Total Investments in Securities (Cost $157,573,890) | $ | 159,175,747 | 98.0 | |||||||||||
Assets in Excess of Other Liabilities | 3,329,146 | 2.0 | ||||||||||||
Net Assets | $ | 162,504,893 | 100.0 |
(1) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. | |
(2) | Non-income producing security. | |
(3) | Rate shown is the 7-day yield as of August 31, 2022. |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED) |
Sector Diversification | Percentage of Net Assets | ||
---|---|---|---|
Financials | 19.1 | % | |
Health Care | 15.4 | ||
Industrials | 10.6 | ||
Consumer Staples | 10.1 | ||
Energy | 7.4 | ||
Utilities | 6.6 | ||
Information Technology | 6.2 | ||
Communication Services | 5.8 | ||
Materials | 5.1 | ||
Real Estate | 5.1 | ||
Consumer Discretionary | 2.9 | ||
Exchange-Traded Funds | 2.9 | ||
Short-Term Investments | 0.8 | ||
Assets in Excess of Other Liabilities | 2.0 | ||
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, 2022 | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table | ||||||||||||||||||||
Investments, at fair value | ||||||||||||||||||||
Common Stock | ||||||||||||||||||||
Australia | $ | — | $ | 4,628,495 | $ | — | $ | 4,628,495 | ||||||||||||
Belgium | — | 154,166 | — | 154,166 | ||||||||||||||||
Canada | 7,376,818 | — | — | 7,376,818 | ||||||||||||||||
China | — | 191,020 | — | 191,020 | ||||||||||||||||
Denmark | — | 265,847 | — | 265,847 | ||||||||||||||||
Finland | — | 802,292 | — | 802,292 | ||||||||||||||||
France | — | 3,588,165 | — | 3,588,165 | ||||||||||||||||
Germany | — | 2,403,517 | — | 2,403,517 | ||||||||||||||||
Hong Kong | 366,390 | 2,433,284 | — | 2,799,674 | ||||||||||||||||
Ireland | 745,737 | 624,592 | — | 1,370,329 | ||||||||||||||||
Israel | 218,200 | — | — | 218,200 | ||||||||||||||||
Italy | — | 1,710,363 | — | 1,710,363 | ||||||||||||||||
Japan | — | 10,807,209 | — | 10,807,209 | ||||||||||||||||
Netherlands | — | 915,834 | — | 915,834 | ||||||||||||||||
New Zealand | — | 196,910 | — | 196,910 | ||||||||||||||||
Singapore | — | 166,547 | — | 166,547 | ||||||||||||||||
Spain | — | 1,086,954 | — | 1,086,954 | ||||||||||||||||
Switzerland | — | 3,137,388 | — | 3,137,388 | ||||||||||||||||
United Kingdom | 1,263,608 | 6,522,750 | — | 7,786,358 | ||||||||||||||||
United States | 103,552,505 | — | — | 103,552,505 | ||||||||||||||||
Total Common Stock | 113,523,258 | 39,635,333 | — | 153,158,591 | ||||||||||||||||
Exchange-Traded Funds | 4,642,156 | — | — | 4,642,156 | ||||||||||||||||
Short-Term Investments | 1,375,000 | — | — | 1,375,000 | ||||||||||||||||
Total Investments, at fair value | $ | 119,540,414 | $ | 39,635,333 | $ | — | $ | 159,175,747 | ||||||||||||
Other Financial Instruments+ | ||||||||||||||||||||
Forward Foreign Currency Contracts | — | 1,835,262 | — | 1,835,262 | ||||||||||||||||
Total Assets | $ | 119,540,414 | $ | 41,470,595 | $ | — | $ | 161,011,009 | ||||||||||||
Liabilities Table | ||||||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||||||
Forward Foreign Currency Contracts | $ | — | $ | (21,629 | ) | $ | — | $ | (21,629 | ) | ||||||||||
Written Options | — | (468,154 | ) | — | (468,154 | ) | ||||||||||||||
Total Liabilities | $ | — | $ | (489,783 | ) | $ | — | $ | (489,783 | ) |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED) |
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 8,005,874 | GBP | 6,500,000 | State Street Bank and Trust Co. | 09/20/22 | $ | 452,160 | |||||
USD 5,080,807 | AUD | 7,200,000 | State Street Bank and Trust Co. | 09/20/22 | 152,715 | ||||||
USD 3,359,347 | CHF | 3,300,000 | State Street Bank and Trust Co. | 09/20/22 | (21,629 | ) | |||||
USD 12,485,174 | EUR | 11,800,000 | State Street Bank and Trust Co. | 09/20/22 | 612,239 | ||||||
USD 11,449,259 | JPY | 1,530,000,000 | State Street Bank and Trust Co. | 09/21/22 | 419,026 | ||||||
USD 7,126,936 | CAD | 9,100,000 | The Bank of New York Mellon | 09/20/22 | 199,122 | ||||||
$ | 1,813,633 |
Description | Counterparty | Put/Call | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumer Staples Select Sector SPDR Fund | Citibank N.A. | Call | 09/23/22 | USD | 76.270 | 165,541 | USD | 12,102,703 | $ | 147,497 | $ | (40,315 | ) | ||||||||
Financial Select Sector SPDR Fund | JPMorgan Chase Bank N.A. | Call | 10/07/22 | USD | 34.060 | 412,218 | USD | 13,623,805 | 349,602 | (227,703 | ) | ||||||||||
FTSE 100 Index | Morgan Stanley & Co. International PLC | Call | 09/09/22 | GBP | 7,497.660 | 2,586 | GBP | 18,836,812 | 278,200 | (37,253 | ) | ||||||||||
Health Care Select Sector SPDR Fund | BNP Paribas | Call | 10/07/22 | USD | 128.560 | 54,207 | USD | 6,762,865 | 136,618 | (79,374 | ) | ||||||||||
Industrial Select Sector SPDR Fund | Citibank N.A. | Call | 09/23/22 | USD | 100.840 | 228,365 | USD | 21,221,959 | 403,567 | (41,211 | ) | ||||||||||
Nikkei 225 Index | Morgan Stanley & Co. International PLC | �� | Call | 09/09/22 | JPY | 28,079.660 | 19,419 | JPY | 545,509,421 | 69,231 | (42,298 | ) | |||||||||
$ | 1,384,715 | $ | (468,154 | ) |
AUD — Australian Dollar |
CAD — Canadian Dollar |
CHF — Swiss Franc |
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 | $ | 1,835,262 | |||
Total Asset Derivatives | $ | 1,835,262 | ||||
Liability Derivatives | ||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 21,629 | |||
Equity contracts | Written options, at fair value | 468,154 | ||||
Total Liability Derivatives | $ | 489,783 |
Voya Global Advantage and Premium Opportunity Fund | PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2022 (UNAUDITED) (CONTINUED) |
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 | |||||||||||||
Equity contracts | $ | — | $ | 2,518,892 | $ | 2,518,892 | ||||||||||
Foreign exchange contracts | 4,637,830 | — | 4,637,830 | |||||||||||||
Total | $ | 4,637,830 | $ | 2,518,892 | $ | 7,156,722 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | Written options | Total | |||||||||||||
Equity contracts | $ | — | $ | 315,751 | $ | 315,751 | ||||||||||
Foreign exchange contracts | 1,651,403 | — | 1,651,403 | |||||||||||||
Total | $ | 1,651,403 | $ | 315,751 | $ | 1,967,154 |
BNP Paribas | Citibank N.A. | JPMorgan Chase Bank N.A. | Morgan Stanley & Co. International PLC | State Street Bank and Trust Co. | The Bank of New York Mellon | Totals | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: | |||||||||||||||||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | — | $ | — | $ | — | $ | 1,636,140 | $ | 199,122 | $ | 1,835,262 | |||||||||||||||||||
Total Assets | $ | — | $ | — | $ | — | $ | — | $ | 1,636,140 | $ | 199,122 | $ | 1,835,262 | |||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | — | $ | — | $ | — | $ | 21,629 | $ | — | $ | 21,629 | |||||||||||||||||||
Written options | 79,374 | 81,526 | 227,703 | 79,551 | — | — | 468,154 | ||||||||||||||||||||||||||
Total Liabilities | $ | 79,374 | $ | 81,526 | $ | 227,703 | $ | 79,551 | $ | 21,629 | $ | — | $ | 489,783 | |||||||||||||||||||
Net OTC derivative instruments by counterparty, at fair value | $ | (79,374 | ) | $ | (81,526 | ) | $ | (227,703 | ) | $ | (79,551 | ) | $ | 1,614,511 | $ | 199,122 | $ | 1,345,479 | |||||||||||||||
Total collateral pledged by the Fund/(Received from counterparty)(2) | $ | — | $ | 81,526 | $ | 190,000 | $ | 79,551 | $ | — | $ | — | $ | 351,077 | |||||||||||||||||||
Net Exposure(1) | $ | (79,374 | ) | $ | — | $ | (37,703 | ) | $ | — | $ | 1,614,511 | $ | 199,122 | $ | 1,696,556 |
(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, 2022, the Fund had pledged $142,000 and $360,000 in cash collateral to Citibank N.A. and Morgan Stanley & Co. International PLC, respectively. Excess cash collateral is not shown for financial reporting purposes. |
At August 31, 2022, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:
Cost for federal income tax purposes was $156,233,457. | ||||
Net unrealized appreciation consisted of: | ||||
Gross Unrealized Appreciation | $ | 15,872,674 | ||
Gross Unrealized Depreciation | (11,622,247 | ) | ||
Net Unrealized Appreciation | $ | 4,250,427 |
1 | At this meeting, a proposal was submitted to elect three members of the Board of Trustees to represent the interests of the holders of the Fund, with these individuals to serve as Class II 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 II Trustees | Voya Global Advantage and Premium Opportunity Fund | |||||||||||||||
John V. Boyer | 1* | 12,865,673.15 | 481,403.00 | 0.000 | 0.000 | 13,347,076.15 | ||||||||||
Patricia W. Chadwick | 1* | 12,867,693.15 | 479,383.00 | 0.000 | 0.000 | 13,347,076.15 | ||||||||||
Sheryl K. Pressler | 1* | 12,862,847.15 | 484,229.00 | 0.000 | 0.000 | 13,347,076.15 |
* | Proposal Passed |
Unless the registered owner of Common Shares elects to receive cash by contacting Computershare Shareowner Services LLC (the “Plan Agent”), all dividends declared on Common Shares of the Fund will be automatically reinvested by the Plan Agent for shareholders in additional Common Shares of the Fund through the Fund’s Dividend Reinvestment Plan (the “Plan”). Shareholders who elect not to participate in the Plan will receive all dividends and other distributions in cash paid by check mailed directly to the shareholder of record (or, if the Common Shares are held in street or other nominee name, then to such
nominee) by the Plan Agent. Participation in the Plan is completely voluntary and may be terminated or resumed at any time without penalty by notice if received and processed by the Plan Agent prior to the dividend record date; otherwise such termination or resumption will be effective with respect to any subsequently declared dividend or other distribution. Some brokers may automatically elect to receive cash on your behalf and may re-invest that cash in additional Common Shares of the Fund for you. If you wish for all dividends declared on your Common Shares of the Fund to be automatically reinvested pursuant to the Plan, please contact your broker.
21
There will be no brokerage charges with respect to Common Shares issued directly by the Fund. However, each participant will pay a pro rata share of brokerage commissions incurred in connection with Open-Market Purchases. The automatic reinvestment of Dividends will not relieve participants of any federal, state or local income tax that may be payable (or required to be withheld) on such Dividends. Participants that request a partial or full sale of shares through the Plan Agent are subject to a $15.00 sales
fee and a $0.10 per share brokerage commission on purchases or sales, and may be subject to certain other service charges.
Declaration Date | Ex Date | Record Date | Payable Date | |||
---|---|---|---|---|---|---|
March 15, 2022 | April 1, 2022 | April 4, 2021 | April 18, 2022 | |||
June 15, 2022 | July 1, 2022 | July 5, 2022 | July 15, 2022 | |||
September 15, 2022 | October 3, 2022 | October 4, 2022 | October 17, 2022 | |||
December 15, 2022 | December 29, 2022 | December 30, 2022 | January 17, 2023 |
22
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
Call us from 9:00 a.m. to 7:00 p.m. Eastern time on any business day for account or other information at (800) 992-0180.
RETIREMENT | INVESTMENTS | INSURANCE | |
163318 (0822-102022) |
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.
Schedule is included as part of the report to shareholders filed under Item 1 of this Form.
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 | ||||||||||||
Mar 1-31, 2022 | 18,800 | $ | 9.46 | 18,800 | 1,705,983 | |||||||||||
April 1-30, 2022 | 62,977 | $ | 9.55 | 62,977 | 1,643,006 | |||||||||||
May 1-31, 2022 | 80,230 | $ | 9.30 | 80,230 | 1,562,776 | |||||||||||
June 1-30, 2022 | 43,274 | $ | 9.24 | 43,274 | 1,519,502 | |||||||||||
July 1-31, 2022 | 72,804 | $ | 9.01 | 72,804 | 1,446,698 | |||||||||||
Aug 1-31, 2022 | 74,755 | $ | 9.22 | 74,755 | 1,371,943 | |||||||||||
Total | 352,840 | 352,840 |
* The Registrant’s repurchase program, which authorized the repurchase of 1,830,497 shares, was announced on April 1, 2022, with an expiration date of March 31, 2023. 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 2022 |
(c)(2) | 3rd Qtr 2022 |
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/ Dina Santoro | |
Dina Santoro | ||
Chief Executive Officer |
Date: November 3, 2022
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/ Dina Santoro | |
Dina Santoro | ||
Chief Executive Officer |
Date: November 3, 2022
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 3, 2022