Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2020 (Unaudited) |
Shares | Value | Percentage of Net Assets | |||
COMMON STOCK: 101.8% | |||||
Canada: 26.4% | |||||
9,621 | Agnico-Eagle Mines Ltd. | $ 615,744 | 0.8 | ||
120,425 | B2Gold Corp. | 659,929 | 0.9 | ||
99,675 | Barrick Gold Corp. | 2,392,200 | 3.3 | ||
80,377 | Canadian Natural Resources Ltd. | 1,454,824 | 2.0 | ||
82,658 | Cenovus Energy, Inc. | 357,909 | 0.5 | ||
78,756 | Enbridge, Inc. | 2,555,632 | 3.5 | ||
14,532 | Franco-Nevada Corp. | 2,042,909 | 2.8 | ||
117,036 | (1) | Kinross Gold Corp. | 766,586 | 1.1 | |
21,904 | Kirkland Lake Gold Ltd. | 842,428 | 1.2 | ||
17,530 | PAN American Silver Corp. | 513,629 | 0.7 | ||
30,406 | Pembina Pipeline Corp. | 761,062 | 1.0 | ||
110,437 | Suncor Energy, Inc. | 1,890,682 | 2.6 | ||
59,196 | TC Energy Corp. | 2,664,412 | 3.7 | ||
43,568 | Teck Cominco Ltd. - Class B | 413,460 | 0.6 | ||
18,891 | Wheaton Precious Metals Corp. | 812,313 | 1.1 | ||
75,987 | Yamana Gold, Inc. | 407,290 | 0.6 | ||
19,151,009 | 26.4 | ||||
United Kingdom: 1.4% | |||||
67,393 | Amcor PLC | 688,082 | 1.0 | ||
41,387 | TechnipFMC PLC | 306,264 | 0.4 | ||
994,346 | 1.4 | ||||
United States: 74.0% | |||||
23,086 | (1) | Alcoa Corp. | 212,622 | 0.3 | |
24,330 | (1) | Apergy Corp. | 220,673 | 0.3 | |
1,390 | Aptargroup, Inc. | 154,832 | 0.2 | ||
7,889 | Avery Dennison Corp. | 873,076 | 1.2 | ||
20,138 | Baker Hughes Co. | 332,478 | 0.5 | ||
16,198 | Ball Corp. | 1,154,269 | 1.6 | ||
16,443 | (1) | Berry Global Group, Inc. | 738,455 | 1.0 | |
21,585 | Cabot Oil & Gas Corp. | 428,246 | 0.6 | ||
6,012 | (1) | Cheniere Energy, Inc. | 266,632 | 0.4 | |
83,992 | Chevron Corp. | 7,702,066 | 10.6 | ||
9,431 | Cimarex Energy Co. | 247,847 | 0.3 | ||
7,998 | Compass Minerals International, Inc. | 385,344 | 0.5 | ||
5,739 | Concho Resources, Inc./Midland TX | 312,890 | 0.4 | ||
73,960 | ConocoPhillips | 3,119,633 | 4.3 | ||
13,257 | (1) | Crown Holdings, Inc. | 867,406 | 1.2 | |
22,073 | Devon Energy Corp. | 238,609 | 0.3 | ||
6,572 | Diamondback Energy, Inc. | 279,836 | 0.4 | ||
13,254 | Domtar Corp. | 270,382 | 0.4 | ||
8,207 | (1) | Dril-Quip, Inc. | 249,411 | 0.3 | |
43,364 | EOG Resources, Inc. | 2,210,263 | 3.0 | ||
20,073 | EQT Corp. | 267,774 | 0.4 | ||
142,168 | Exxon Mobil Corp. | 6,464,379 | 8.9 | ||
57,307 | Freeport-McMoRan, Inc. | 519,775 | 0.7 | ||
4,516 | Greif, Inc. - Class A | 153,454 | 0.2 | ||
46,281 | Halliburton Co. | 543,802 | 0.7 | ||
16,852 | Hess Corp. | 799,964 | 1.1 | ||
7,533 | HollyFrontier Corp. | 236,913 | 0.3 | ||
26,436 | International Paper Co. | 900,146 | 1.2 | ||
140,745 | Kinder Morgan, Inc. | 2,223,771 | 3.1 | ||
42,821 | Marathon Petroleum Corp. | 1,504,730 | 2.1 | ||
3,000 | Martin Marietta Materials, Inc. | 576,270 | 0.8 | ||
14,907 | National Oilwell Varco, Inc. | 185,890 | 0.3 | ||
44,992 | Newmont Corp. | 2,630,682 | 3.6 | ||
29,284 | Noble Energy, Inc. | 255,649 | 0.3 | ||
33,592 | Occidental Petroleum Corp. | 435,016 | 0.6 | ||
33,502 | Oneok, Inc. | 1,229,188 | 1.7 | ||
8,704 | Packaging Corp. of America | 882,673 | 1.2 | ||
63,325 | Parsley Energy, Inc. - Class A | 578,791 | 0.8 | ||
29,725 | Phillips 66 | 2,326,279 | 3.2 | ||
13,154 | Pioneer Natural Resources Co. | 1,204,906 | 1.7 | ||
3,610 | Royal Gold, Inc. | 480,852 | 0.7 | ||
104,994 | Schlumberger Ltd. | 1,939,239 | 2.7 | ||
12,300 | Silgan Holdings, Inc. | 411,312 | 0.6 | ||
3,039 | Sonoco Products Co. | 157,451 | 0.2 | ||
20,378 | (1) | Summit Materials, Inc. | 309,542 | 0.4 | |
28,184 | Targa Resources Corp. | 504,212 | 0.7 | ||
28,036 | Valero Energy Corp. | 1,868,319 | 2.6 | ||
8,560 | Vulcan Materials Co. | 927,219 | 1.3 | ||
19,787 | WestRock Co. | 555,223 | 0.8 | ||
89,240 | Williams Cos., Inc. | 1,823,173 | 2.5 | ||
6,815 | World Fuel Services Corp. | 173,646 | 0.2 | ||
74,205 | (1) | WPX Energy, Inc. | 420,742 | 0.6 | |
53,755,952 | 74.0 | ||||
Total Common Stock | |||||
(Cost $110,002,477) | 73,901,307 | 101.8 | |||
SHORT-TERM INVESTMENTS: 0.3% | |||||
Mutual Funds: 0.3% | |||||
242,000 | (2) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 0.150% | |||
(Cost $242,000) | 242,000 | 0.3 | |||
Total Short-Term Investments | |||||
(Cost $242,000) | 242,000 | 0.3 | |||
Total Investments in Securities (Cost $110,244,477) | $ 74,143,307 | 102.1 | |||
Liabilities in Excess of Other Assets | (1,524,045 | ) | (2.1) | ||
Net Assets | $ 72,619,262 | 100.0 |
(1) Non-income producing security.
(2) Rate shown is the 7-day yield as of May 31, 2020.
Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2020 (Unaudited)(Continued) |
Industry Diversification | Percentage of Net Assets | |||
Integrated Oil & Gas | 23.2 | % | ||
Oil & Gas Exploration & Production | 15.2 | |||
Oil & Gas Storage & Transportation | 10.2 | % | ||
Gold | 9.0 | |||
Oil & Gas Refining & Marketing | 8.2 | |||
Mining | 7.8 | |||
Pipelines | 4.7 | |||
Metal & Glass Containers | 4.6 | |||
Oil & Gas Equipment & Services | 4.4 | |||
Paper Packaging | 4.4 | |||
Construction Materials | 2.1 | |||
Diversified Metals & Mining | 1.8 | |||
Utilities | 1.7 | |||
Packaging&Containers | 1.0 | |||
Oil&Gas Services | 0.8 | |||
Oil&Gas | 0.6 | |||
Materials | 0.4 | |||
Building Materials | 0.4 | |||
Oil & Gas | 0.4 | |||
Paper Products | 0.4 | |||
Aluminum | 0.3 | |||
Energy | 0.2 | |||
Short-Term Investments | 0.3 | |||
Liabilities in Excess of Other Assets | (2.1 | ) | ||
Net Assets | 100.0 | % |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of May 31, 2020 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 May 31, 2020 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Common Stock* | $ | 73,901,307 | $ | – | $ | – | $ | 73,901,307 | ||||||||
Short-Term Investments | 242,000 | – | – | 242,000 | ||||||||||||
Total Investments, at fair value | $ | 74,143,307 | $ | – | $ | – | $ | 74,143,307 | ||||||||
Liabilities Table | ||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||
Written Options | $ | – | $ | (1,807,350 | ) | $ | – | $ | (1,807,350 | ) | ||||||
Total Liabilities | $ | – | $ | (1,807,350 | ) | $ | – | $ | (1,807,350 | ) |
+ | 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. |
* | For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments. |
At May 31, 2020, the following OTC written equity options were outstanding for Voya Natural Resources Equity Income Fund:
Description | Counterparty | Put/Call | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | |||||||||||||
Energy Select Sector SPDR® Fund | Citibank N.A. | Call | 06/05/20 | USD | 37.100 | 552,301 | USD | 21,407,187 | $ | 978,125 | $ | (1,079,250 | ) |
Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2020 (Unaudited)(Continued) |
Description | Counterparty | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | ||||||||||||||
Materials Select Sector SPDR® Fund | JPMorgan Chase Bank N.A. | Call | 06/19/20 | USD | 51.890 | 106,153 | USD | 5,886,184 | $ | 153,901 | $ | (427,219 | ) | ||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | Goldman Sachs International | Call | 06/19/20 | USD | 50.340 | 75,094 | USD | 3,895,876 | 187,059 | (256,641 | ) | ||||||||||
VanEck Vectors Gold Miners ETF | UBS AG | Call | 06/19/20 | USD | 37.300 | 87,503 | USD | 3,003,103 | 159,360 | (44,240 | ) | ||||||||||
$ | 1,478,445 | $ | (1,807,350 | ) |
Currency Abbreviations
USD - United States Dollar
At May 31, 2020, 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 $108,743,671. | |||||
Net unrealized depreciation consisted of: | |||||
Gross Unrealized Appreciation | $ 6,124,265 | ||||
Gross Unrealized Depreciation | (42,525,750 | ) | |||
Net Unrealized Depreciation | $(36,401,485 | ) | |||