Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of November 30, 2019 (Unaudited) |
Shares | Value | Percentage of Net Assets | |||||||||
COMMON STOCK: 99.1% | |||||||||||
Canada: 22.9% | |||||||||||
6,410 | Agnico-Eagle Mines Ltd. | $ | 382,036 | 0.4 | |||||||
187,361 | B2Gold Corp. | 689,488 | 0.7 | ||||||||
88,200 | Barrick Gold Corp. | 1,481,760 | 1.5 | ||||||||
79,726 | Canadian Natural Resources Ltd. | 2,229,936 | 2.2 | ||||||||
36,614 | Cenovus Energy, Inc. | 325,498 | 0.3 | ||||||||
120,595 | Enbridge, Inc. | 4,582,610 | 4.6 | ||||||||
86,456 | EnCana Corp. | 340,637 | 0.3 | ||||||||
56,509 | Enerplus Corp. | 349,791 | 0.4 | ||||||||
16,777 | Franco-Nevada Corp. | 1,649,515 | 1.6 | ||||||||
128,198(1) | Kinross Gold Corp. | 555,097 | 0.6 | ||||||||
20,662 | Kirkland Lake Gold Ltd. | 865,944 | 0.9 | ||||||||
15,421 | PAN American Silver Corp. | 296,854 | 0.3 | ||||||||
29,707 | Pembina Pipeline Corp. | 1,039,745 | 1.0 | ||||||||
114,534 | Suncor Energy, Inc. | 3,596,368 | 3.6 | ||||||||
55,277 | TC Energy Corp. | 2,815,258 | 2.8 | ||||||||
58,867 | Teck Cominco Ltd. - Class B | 924,212 | 0.9 | ||||||||
18,167 | Wheaton Precious Metals Corp. | 502,136 | 0.5 | ||||||||
75,908 | Yamana Gold, Inc. | 271,751 | 0.3 | ||||||||
22,898,636 | 22.9 | ||||||||||
United Kingdom: 0.7% | |||||||||||
40,851 | TechnipFMC PLC | 769,633 | 0.7 | ||||||||
United States: 75.5% | |||||||||||
9,977 | Apache Corp. | 222,288 | 0.2 | ||||||||
10,615 | Avery Dennison Corp. | 1,383,877 | 1.4 | ||||||||
11,639 | Baker Hughes Co. | 260,946 | 0.3 | ||||||||
14,245 | Ball Corp. | 941,025 | 0.9 | ||||||||
21,058(1) | Berry Global Group, Inc. | 983,198 | 1.0 | ||||||||
35,834 | Cabot Oil & Gas Corp. | 571,194 | 0.6 | ||||||||
6,962(1) | Cheniere Energy, Inc. | 421,479 | 0.4 | ||||||||
79,767 | Chevron Corp. | 9,343,109 | 9.3 | ||||||||
5,205 | Cimarex Energy Co. | 239,274 | 0.2 | ||||||||
8,628 | Compass Minerals International, Inc. | 476,870 | 0.5 | ||||||||
7,047 | Concho Resources, Inc./Midland TX | 511,330 | 0.5 | ||||||||
79,127 | ConocoPhillips | 4,742,872 | 4.7 | ||||||||
18,484 | Continental Resources, Inc. | 570,786 | 0.6 | ||||||||
16,158(1) | Crown Holdings, Inc. | 1,226,392 | 1.2 | ||||||||
6,634 | CVR Energy, Inc. | 287,849 | 0.3 | ||||||||
7,730 | Delek US Holdings, Inc. | 265,216 | 0.3 | ||||||||
11,382 | Devon Energy Corp. | 249,152 | 0.3 | ||||||||
10,609 | Diamondback Energy, Inc. | 820,500 | 0.8 | ||||||||
9,163 | Domtar Corp. | 341,963 | 0.3 | ||||||||
12,122(1) | Dril-Quip, Inc. | 512,276 | 0.5 | ||||||||
8,901 | Eagle Materials, Inc. | 819,159 | 0.8 | ||||||||
44,344 | EOG Resources, Inc. | 3,143,990 | 3.1 | ||||||||
25,663 | EQT Corp. | 224,038 | 0.2 | ||||||||
143,812 | Exxon Mobil Corp. | 9,797,912 | 9.8 | ||||||||
50,856 | Freeport-McMoRan, Inc. | 578,741 | 0.6 | ||||||||
52,208 | Halliburton Co. | 1,095,846 | 1.1 | ||||||||
10,822 | Helmerich & Payne, Inc. | 427,794 | 0.4 | ||||||||
8,284 | Hess Corp. | 514,354 | 0.5 | ||||||||
18,780 | HollyFrontier Corp. | 968,109 | 1.0 | ||||||||
14,564 | International Paper Co. | 674,896 | 0.7 | ||||||||
95,265 | Kinder Morgan, Inc. | 1,868,147 | 1.9 | ||||||||
14,136 | Louisiana-Pacific Corp. | 419,274 | 0.4 | ||||||||
60,533 | Marathon Oil Corp. | 705,209 | 0.7 | ||||||||
49,232 | Marathon Petroleum Corp. | 2,985,428 | 3.0 | ||||||||
2,127 | Martin Marietta Materials, Inc. | 570,887 | 0.6 | ||||||||
11,295 | National Oilwell Varco, Inc. | 254,702 | 0.3 | ||||||||
39,122 | Newmont Goldcorp Corp. | 1,502,285 | 1.5 | ||||||||
11,085 | Noble Energy, Inc. | 230,125 | 0.2 | ||||||||
47,825 | Occidental Petroleum Corp. | 1,844,610 | 1.8 | ||||||||
32,732 | Oneok, Inc. | 2,325,609 | 2.3 | ||||||||
10,732 | Packaging Corp. of America | 1,200,911 | 1.2 | ||||||||
44,695 | Parsley Energy, Inc. | 669,531 | 0.7 | ||||||||
10,720 | PBF Energy, Inc. | 335,536 | 0.3 | ||||||||
12,379(1) | PDC Energy, Inc. | 281,375 | 0.3 | ||||||||
26,829 | Peabody Energy Corp. | 259,705 | 0.3 | ||||||||
33,706 | Phillips 66 | 3,866,752 | 3.9 | ||||||||
14,292 | Pioneer Natural Resources Co. | 1,827,089 | 1.8 | ||||||||
1,979 | Royal Gold, Inc. | 232,077 | 0.2 | ||||||||
98,027 | Schlumberger Ltd. | 3,548,577 | 3.6 | ||||||||
15,955 | Sonoco Products Co. | 965,756 | 1.0 | ||||||||
20,225(1) | Summit Materials, Inc. | 482,771 | 0.5 | ||||||||
6,265 | Targa Resources Corp. | 228,860 | 0.2 | ||||||||
32,228 | Valero Energy Corp. | 3,077,452 | 3.1 | ||||||||
5,061 | Vulcan Materials Co. | 718,004 | 0.7 | ||||||||
9,079 | WestRock Co. | 366,156 | 0.4 | ||||||||
60,095 | Williams Cos., Inc. | 1,365,358 | 1.4 | ||||||||
7,997 | World Fuel Services Corp. | 339,073 | 0.3 | ||||||||
43,063(1) | WPX Energy, Inc. | 423,740 | 0.4 | ||||||||
75,511,434 | 75.5 | ||||||||||
Total Common Stock | |||||||||||
(Cost $119,701,473) | 99,179,703 | 99.1 | |||||||||
SHORT-TERM INVESTMENTS: 0.8% | |||||||||||
Mutual Funds: 0.8% | |||||||||||
752,000 (2) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 1.530% | ||||||||||
(Cost $752,000) | 752,000 | 0.8 | |||||||||
Total Short-Term Investments (Cost $752,000) | 752,000 | 0.8 | |||||||||
Total Investments in Securities (Cost $120,453,473) | $ | 99,931,703 | 99.9 | ||||||||
Assets in Excess of Other Liabilities | 102,241 | 0.1 | |||||||||
Net Assets | $ | 100,033,944 | 100.0 |
(1) | Non-income producing security. |
(2) | Rate shown is the 7-day yield as of November 30, 2019. |
Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of November 30, 2019 (Unaudited)(Continued) |
Industry Diversification | Percentage of Net Assets | |||
Integrated Oil & Gas | 24.8 | % | ||
Oil & Gas Exploration & Production | 17.2 | |||
Oil & Gas Refining & Marketing | 11.3 | |||
Oil & Gas Storage & Transportation | 8.5 | |||
Oil & Gas Equipment & Services | 6.2 | |||
Mining | 4.6 | |||
Gold | 3.9 | |||
Pipelines | 3.8 | |||
Paper Packaging | 3.7 | |||
Metal & Glass Containers | 3.1 | |||
Utilities | 2.3 | |||
Construction Materials | 2.1 | |||
Diversified Metals & Mining | 2.0 | |||
Oil & Gas | 1.7 | |||
Materials | 1.4 | |||
Energy | 0.7 | |||
Building Materials | 0.5 | |||
Oil&Gas | 0.4 | |||
Paper Products | 0.3 | |||
Oil&Gas Services | 0.3 | |||
Coal | 0.3 | |||
Short-Term Investments | 0.8 | |||
Assets in Excess of Other Liabilities | 0.1 | |||
Net Assets | 100.0 | % | ||
Fair Value Measurements | ||||||||||||||||
The following is a summary of the fair valuations according to the inputs used as of November 30, 2019 in valuing the assets and liabilities: | ||||||||||||||||
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2019 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Common Stock* | $ | 99,179,703 | $ | – | $ | – | $ | 99,179,703 | ||||||||
Short-Term Investments | 752,000 | – | – | 752,000 | ||||||||||||
Total Investments, at fair value | $ | 99,931,703 | $ | – | $ | – | $ | 99,931,703 | ||||||||
Liabilities Table | ||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||
Written Options | $ | – | $ | (188,227 | ) | $ | – | $ | (188,227 | ) | ||||||
Total Liabilities | $ | – | $ | (188,227 | ) | $ | – | $ | (188,227 | ) | ||||||
+ | 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument. |
* | For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments. |
At November 30, 2019, the following OTC written equity options were outstanding for Voya Natural Resources Equity Income Fund:
Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of November 30, 2019 (Unaudited) (Continued) |
Description | Counterparty | Put/Call | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | ||||||||||||||||||
Energy Select Sector SPDR® Fund | Goldman Sachs International | Call | 12/06/19 | USD | 60 .470 | 475,709 | USD | 28,014,503 | $ | 376,191 | $ | (65,506 | ) | |||||||||||||
Materials Select Sector SPDR® Fund | Goldman Sachs International | Call | 12/20/19 | USD | 61 .570 | 107,687 | USD | 6,465,528 | 33,544 | (11,458 | ) | |||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | JPMorgan Chase Bank N.A. | Call | 12/20/19 | USD | 23 .060 | 491,803 | USD | 10,013,109 | 197,656 | (30,729 | ) | |||||||||||||||
VanEck Vectors Gold Miners ETF | Goldman Sachs International | Call | 12/20/19 | USD | 27 .270 | 149,589 | USD | 4,050,870 | 88,676 | (80,534 | ) | |||||||||||||||
$ | 696,067 | $ | (188,227 | ) |
Currency Abbreviations | ||
USD | - | United States Dollar |
At November 30, 2019, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:
Cost for federal income tax purposes was $119,755,052.
Net unrealized depreciation consisted of:
Gross Unrealized Appreciation | $ | 6,842,320 | ||
Gross Unrealized Depreciation | (26,830,718 | ) | ||
Net Unrealized Depreciation | $ | (19,988,398 | ) |