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:811-22004
Voya Asia Pacific High Dividend Equity Income 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) |
Huey P. Falgout Jr., 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ 85258
(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, 2019 to August 31, 2019
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 | |
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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. | | |
President
Voya Family of Funds
September 20, 2019
| | Index | | | | Description | | |
| | Bloomberg Barclays U.S. Aggregate Bond Index | | | | An index of publicly issued investment grade U.S. government, mortgage-backed, asset-backed and corporate debt securities. | | |
| | Hang Seng Index | | | | A free float-adjusted market capitalization-weighted stock market index in Hong Kong. | | |
| | Korean Stock Exchange KOSPI 200 Index (“KOSPI 200”) | | | | An index tracking the 200 largest companies that trade on the Korea Exchange. | | |
| | MSCI All Country Asia Pacific ex-Japan® Index | | | | A free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of Asia, excluding Japan. | | |
| | MSCI Europe ex UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe, excluding the UK. | | |
| | MSCI Japan® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | | |
| | MSCI UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | | |
| | 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. | | |
| | 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. | | |
| | S&P/ASX 200 Index (“ASX”) | | | | An investable benchmark for the Australian equity market and it addresses the needs of investment managers seeking to benchmark against a portfolio characterized by sufficient size and liquidity. The index measures the performance of the 200 largest index-eligible stocks listed on the Australian Securities Exchange by float-adjusted market capitalization. Representative, liquid, and tradable, it is widely considered Australia’s preeminent benchmark index. The index is float adjusted, covering approximately 80% of Australian equity market capitalization. | | |
| | Taiwan Stock Exchange Weighted Index (“TWSE”) | | | | The index is a capitalization-weighted index of all listed common shares traded on the Taiwan Stock Exchange. | | |
Voya Asia Pacific High Dividend Equity Income Fund | Portfolio Managers’ Report |
| Geographic Diversification as of August 31, 2019 (as a percentage of net assets) | | |||
| | | | ||
| China | | | 31.2% | |
| Australia | | | 16.8% | |
| South Korea | | | 11.4% | |
| Taiwan | | | 10.9% | |
| India | | | 8.0% | |
| Hong Kong | | | 7.4% | |
| Singapore | | | 3.5% | |
| Malaysia | | | 3.2% | |
| Indonesia | | | 2.6% | |
| Thailand | | | 1.3% | |
| Countries between 0.1% – 0.7%^ | | | 1.5% | |
| Assets in Excess of Other Liabilities | | | 2.2% | |
| Net Assets | | | 100.0% | |
| ^ Includes 4 countries, which each represents 0.1% – 0.7% of net assets. | | |||
| Portfolio holdings are subject to change daily. | |
| Top Ten Holdings as of August 31, 2019 (as a percentage of net assets) | | |||
| | | | ||
| Tencent Holdings Ltd. | | | 4.3% | |
| Samsung Electronics Co., Ltd. | | | 2.8% | |
| Taiwan Semiconductor Manufacturing Co., Ltd. | | | 2.7% | |
| BHP Group Ltd. | | | 2.0% | |
| Ping An Insurance Group Co. of China Ltd. - H Shares | | | 1.7% | |
| Commonwealth Bank of Australia | | | 1.6% | |
| Australia & New Zealand Banking Group Ltd. | | | 1.5% | |
| Industrial & Commercial Bank of China - H Shares | | | 1.4% | |
| Infosys Ltd. | | | 1.4% | |
| China Mobile Ltd. | | | 1.3% | |
| Portfolio holdings are subject to change daily. | |
Portfolio Managers’ Report | Voya Asia Pacific High Dividend Equity Income Fund |
Voya Asia Pacific High Dividend Equity Income Fund | Portfolio Managers’ Report |
| ASSETS: | | | |||||
| Investments in securities at fair value* | | | | $ | 107,550,657 | | |
| Cash | | | | | 173,058 | | |
| Cash pledged as collateral for OTC derivatives (Note 2) | | | | | 610,000 | | |
| Foreign currencies at value** | | | | | 1,367,048 | | |
| Receivables: | | | | | | | |
| Investment securities sold | | | | | 167,000 | | |
| Dividends | | | | | 379,790 | | |
| Prepaid expenses | | | | | 36,307 | | |
| Reimbursement due from manager | | | | | 4,368 | | |
| Other assets | | | | | 7,057 | | |
| Total assets | | | | | 110,295,285 | | |
| LIABILITIES: | | | | | | | |
| Payable for investment securities purchased | | | | | 358,805 | | |
| Unrealized depreciation on forward foreign currency contracts | | | | | 17 | | |
| Payable for investment management fees | | | | | 96,832 | | |
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 7,057 | | |
| Payable for trustee fees | | | | | 589 | | |
| Other accrued expenses and liabilities | | | | | 126,698 | | |
| Written options, at fair value^ | | | | | 604,327 | | |
| Total liabilities | | | | | 1,194,325 | | |
| NET ASSETS | | | | $ | 109,100,960 | | |
| NET ASSETS WERE COMPRISED OF: | | | | | | | |
| Paid-in capital | | | | $ | 133,909,909 | | |
| Total distributable loss | | | | | (24,808,949) | | |
| NET ASSETS | | | | $ | 109,100,960 | | |
| * Cost of investments in securities | | | | $ | 117,223,909 | | |
| ** Cost of foreign currencies | | | | $ | 1,367,048 | | |
| ^ Premiums received on written options | | | | $ | 438,301 | | |
| Net assets | | | | $ | 109,100,960 | | |
| Shares authorized | | | | | unlimited | | |
| Par value | | | | $ | 0.010 | | |
| Shares outstanding | | | | | 11,898,854 | | |
| Net asset value | | | | $ | 9.17 | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 2,980,770 | | |
| Total investment income | | | | | 2,980,770 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 644,082 | | |
| Transfer agent fees | | | | | 10,000 | | |
| Shareholder reporting expense | | | | | 17,664 | | |
| Professional fees | | | | | 32,472 | | |
| Custody and accounting expense | | | | | 71,431 | | |
| Trustee fees | | | | | 2,356 | | |
| Miscellaneous expense | | | | | 16,948 | | |
| Total expenses | | | | | 794,953 | | |
| Waived and reimbursed fees | | | | | (4,368) | | |
| Net expenses | | | | | 790,585 | | |
| Net investment income | | | | | 2,190,185 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
| Investments | | | | | (7,625,995) | | |
| Forward foreign currency contracts | | | | | (1,309) | | |
| Foreign currency related transactions | | | | | (104,226) | | |
| Written options | | | | | (708,147) | | |
| Net realized loss | | | | | (8,439,677) | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
| Investments | | | | | (3,134,193) | | |
| Forward foreign currency contracts | | | | | (17) | | |
| Foreign currency related transactions | | | | | 1,003 | | |
| Written options | | | | | 157,411 | | |
| Net change in unrealized appreciation (depreciation) | | | | | (2,975,796) | | |
| Net realized and unrealized loss | | | | | (11,415,473) | | |
| Decrease in net assets resulting from operations | | | | $ | (9,225,288) | | |
| * Foreign taxes withheld | | | | $ | 260,983 | | |
| | | Six Months Ended August 31, 2019 (Unaudited) | | | Year Ended February 28, 2019 | | ||||||
FROM OPERATIONS: | | | | ||||||||||
Net investment income | | | | $ | 2,190,185 | | | | | $ | 2,558,685 | | |
Net realized gain (loss) | | | | | (8,439,677) | | | | | | 30,449 | | |
Net change in unrealized appreciation (depreciation) | | | | | (2,975,796) | | | | | | (8,448,683) | | |
Decrease in net assets resulting from operations | | | | | (9,225,288) | | | | | | (5,859,549) | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | ||||||||||
Total distributions (excluding return of capital) | | | | | (2,578,075) | | | | | | (2,129,109) | | |
Return of capital | | | | | (2,300,455) | | | | | | (7,627,951) | | |
Total distributions | | | | | (4,878,530) | | | | | | (9,757,060) | | |
Net decrease in net assets | | | | | (14,103,818) | | | | | | (15,616,609) | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 123,204,778 | | | | | | 138,821,387 | | |
End of year or period | | | | $ | 109,100,960 | | | | | $ | 123,204,778 | | |
| | | | | | | | | | | | | |
| | | 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 (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) | | | Net investment income (loss)(3) | | | Portfolio turnover rate | | ||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | | (%) | | | (%) | | | (%) | | ||||||||||||||||||||||||||||||||||||||||||
08-31-19+ | | | | | 10.35 | | | | | | 0.18• | | | | | | (0.95) | | | | | | (0.77) | | | | | | 0.22 | | | | | | — | | | | | | 0.19 | | | | | | 0.41 | | | | | | 9.17 | | | | | | 8.13 | | | | | | (7.36) | | | | | | (8.99) | | | | 109,101 | | | 1.34 | | | 1.33 | | | | | 3.69 | | | | | | 93 | | |
02-28-19 | | | | | 11.67 | | | | | | 0.21 | | | | | | (0.71) | | | | | | (0.50) | | | | | | 0.18 | | | | | | — | | | | | | 0.64 | | | | | | 0.82 | | | | | | 10.35 | | | | | | 9.34 | | | | | | (3.24) | | | | | | (3.50) | | | | 123,205 | | | 1.37 | | | 1.37 | | | | | 2.02 | | | | | | 38 | | |
02-28-18 | | | | | 11.09 | | | | | | 0.24 | | | | | | 1.16 | | | | | | 1.40 | | | | | | 0.31 | | | | | | — | | | | | | 0.51 | | | | | | 0.82 | | | | | | 11.67 | | | | | | 10.56 | | | | | | 13.60 | | | | | | 17.28 | | | | 138,821 | | | 1.35 | | | 1.35 | | | | | 2.03 | | | | | | 37 | | |
02-28-17 | | | | | 9.39 | | | | | | 0.25 | | | | | | 2.42 | | | | | | 2.67 | | | | | | 0.29 | | | | | | — | | | | | | 0.68 | | | | | | 0.97 | | | | | | 11.09 | | | | | | 9.72 | | | | | | 31.11 | | | | | | 32.20 | | | | 134,500 | | | 1.35 | | | 1.35 | | | | | 2.41 | | | | | | 29 | | |
02-29-16 | | | | | 13.10 | | | | | | 0.29 | | | | | | (2.85) | | | | | | (2.56) | | | | | | 0.55 | | | | | | — | | | | | | 0.60 | | | | | | 1.15 | | | | | | 9.39 | | | | | | 8.16 | | | | | | (19.80) | | | | | | (23.19) | | | | 118,831 | | | 1.32 | | | 1.32 | | | | | 2.60 | | | | | | 41 | | |
02-28-15 | | | | | 13.34 | | | | | | 0.27 | | | | | | 0.77 | | | | | | 1.04 | | | | | | 0.35 | | | | | | — | | | | | | 0.93 | | | | | | 1.28 | | | | | | 13.10 | | | | | | 11.89 | | | | | | 8.84 | | | | | | 6.53 | | | | 165,757 | | | 1.40 | | | 1.40 | | | | | 1.99 | | | | | | 28 | | |
02-28-14 | | | | | 15.93 | | | | | | 0.35 | | | | | | (1.59) | | | | | | (1.24) | | | | | | 1.35 | | | | | | — | | | | | | — | | | | | | 1.35 | | | | | | 13.34 | | | | | | 12.37 | | | | | | (7.51) | | | | | | (14.02) | | | | 168,760 | | | 1.47 | | | 1.47 | | | | | 2.44 | | | | | | 64 | | |
02-28-13 | | | | | 16.51 | | | | | | 0.29• | | | | | | 0.63 | | | | | | 0.92 | | | | | | 0.55 | | | | | | — | | | | | | 0.95 | | | | | | 1.50 | | | | | | 15.93 | | | | | | 15.89 | | | | | | 6.32 | | | | | | 2.04 | | | | 201,491 | | | 1.42 | | | 1.42 | | | | | 1.90 | | | | | | 130 | | |
02-29-12 | | | | | 18.16 | | | | | | 0.38• | | | | | | (0.35) | | | | | | 0.03 | | | | | | 0.98 | | | | | | — | | | | | | 0.70 | | | | | | 1.68 | | | | | | 16.51 | | | | | | 17.16 | | | | | | 0.63 | | | | | | 0.92 | | | | 207,419 | | | 1.49 | | | 1.49 | | | | | 2.35 | | | | | | 123 | | |
02-28-11 | | | | | 17.02 | | | | | | 0.33• | | | | | | 2.54 | | | | | | 2.87 | | | | | | 1.73 | | | | | | — | | | | | | — | | | | | | 1.73 | | | | | | 18.16 | | | | | | 18.82 | | | | | | 17.31 | | | | | | 14.64 | | | | 225,975 | | | 1.42 | | | 1.42 | | | | | 1.86 | | | | | | 112 | | |
02-28-10 | | | | | 11.34 | | | | | | 0.32• | | | | | | 7.30 | | | | | | 7.62 | | | | | | 0.34 | | | | | | — | | | | | | 1.60 | | | | | | 1.94 | | | | | | 17.02 | | | | | | 18.05 | | | | | | 69.95 | | | | | | 100.78 | | | | 208,611 | | | 1.41 | | | 1.41 | | | | | 1.98 | | | | | | 31 | | |
August 31, | | | |||||||||||||||||
2020 | | | 2021 | | | 2022 | | | Total | | |||||||||
$ — | | | | $ | — | | | | | $ | 4,368 | | | | | $ | 4,368 | | |
Accrued Expense | | | Amount | | |||
Custody | | | | $ | 68,893 | | |
| Six Months Ended August 31, 2019 | | | Year Ended February 28, 2019 | | |||||||||||||||
| Ordinary Income | | | Return of Capital | | | Ordinary Income | | | Return of Capital | | |||||||||
| $2,578,075 | | | | $ | 2,300,455 | | | | | $ | 2,129,109 | | | | | $ | 7,627,951 | | |
| Unrealized Appreciation/ (Depreciation) | | | Capital Loss Carryforwards | | |||||||||||||||
| Amount | | | Character | | | Expiration | | ||||||||||||
| $(9,882,188) | | | | $ | (4,294,969) | | | | | | Short-term | | | | | | None | | |
| | | | | | (10,626,138) | | | | | | Long-term | | | | | | None | | |
| | | | | $ | (14,921,107) | | | | | | | | | | | | | | |
| Per Share Amount | | | Declaration Date | | | Payable Date | | | Record Date | | |||||||||
| $0.215 | | | | | 9/19/2019 | | | | | | 10/15/2019 | | | | | | 10/2/2019 | | |
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (Unaudited) |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: 95.0% | | ||||||||||||||||||
| | | | | | | Australia: 16.8% | | ||||||||||||
| | | 67,017 | | | | AGL Energy Ltd. | | | | $ | 854,325 | | | | | | 0.8 | | |
| | | 211,943 | | | | Aurizon Holdings Ltd. | | | | | 842,629 | | | | | | 0.8 | | |
| | | 602,114 | | | | AusNet Services | | | | | 729,355 | | | | | | 0.7 | | |
| | | 93,648 | | | | Australia & New Zealand Banking Group Ltd. | | | | | 1,684,581 | | | | | | 1.5 | | |
| | | 89,482 | | | | BHP Group Ltd. | | | | | 2,196,551 | | | | | | 2.0 | | |
| | | 101,471 | | | | Coca-Cola Amatil Ltd. | | | | | 742,360 | | | | | | 0.7 | | |
| | | 5,945 | | | | Cochlear Ltd. | | | | | 870,391 | | | | | | 0.8 | | |
| | | 33,149 | | | | Commonwealth Bank of Australia | | | | | 1,763,169 | | | | | | 1.6 | | |
| | | 15,300 | | | | Macquarie Group Ltd. | | | | | 1,275,527 | | | | | | 1.2 | | |
| | | 341,083 | | | | Medibank Pvt Ltd. | | | | | 835,672 | | | | | | 0.8 | | |
| | | 15,098 | | | | Rio Tinto Ltd. | | | | | 890,370 | | | | | | 0.8 | | |
| | | 347,241 | | | | Scentre Group | | | | | 943,837 | | | | | | 0.8 | | |
| | | 237,747 | | | | Tabcorp Holdings Ltd. | | | | | 754,522 | | | | | | 0.7 | | |
| | | 767,932 | | | | Other Securities | | | | | 3,983,952 | | | | | | 3.6 | | |
| | | | | | | | | | | | 18,367,241 | | | | | | 16.8 | | |
| | | | | | | China: 31.2% | | ||||||||||||
| | | 891,500 | (1) | | BAIC Motor Corp. Ltd. - H Shares | | | | | 501,123 | | | | | | 0.5 | | | |
| | | 2,044,000 | | | | Bank of China Ltd. - H Shares | | | | | 781,569 | | | | | | 0.7 | | |
| | | 235,500 | | | | BOC Hong Kong Holdings Ltd. | | | | | 792,040 | | | | | | 0.7 | | |
| | | 399,000 | (1) | | CGN Power Co. Ltd. - H Shares | | | | | 105,191 | | | | | | 0.1 | | | |
| | | 1,779,960 | | | | China Construction Bank - H Shares | | | | | 1,322,714 | | | | | | 1.2 | | |
| | | 171,000 | | | | China Mobile Ltd. | | | | | 1,414,955 | | | | | | 1.3 | | |
| | | 1,546,000 | | | | China Petroleum & Chemical Corp. - H Shares | | | | | 901,837 | | | | | | 0.8 | | |
| | | 626,000 | | | | China Resources Cement Holdings Ltd. - H Shares | | | | | 553,122 | | | | | | 0.5 | | |
| | | 32,000 | | | | China Resources Land Ltd. | | | | | 129,733 | | | | | | 0.1 | | |
| | | 367,500 | (1) | | China Resources Pharmaceutical Group Ltd. | | | | | 378,803 | | | | | | 0.4 | | | |
| | | 40,800 | | | | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. - A Shares | | | | | 168,724 | | | | | | 0.2 | | |
| | | 156,500 | (1) | | Dali Foods Group Co. Ltd. | | | | | 104,066 | | | | | | 0.1 | | | |
| | | 2,481,414 | | | | Industrial & Commercial Bank of China - H Shares | | | | | 1,564,921 | | | | | | 1.4 | | |
| | | 183,500 | (1) | | Luye Pharma Group Ltd. - H Shares | | | | | 142,069 | | | | | | 0.1 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | China (continued) | | ||||||||||||
| | | 23,753 | | | | Momo, Inc. ADR | | | | $ | 873,635 | | | | | | 0.8 | | |
| | | 644,000 | | | | PICC Property & Casualty Co., Ltd. - H Shares | | | | | 736,409 | | | | | | 0.7 | | |
| | | 160,500 | | | | Ping An Insurance Group Co. of China Ltd. - H Shares | | | | | 1,841,418 | | | | | | 1.7 | | |
| | | 1,409,000 | (1) | | Postal Savings Bank of China Co. Ltd. - H Shares | | | | | 847,288 | | | | | | 0.8 | | | |
| | | 113,400 | | | | Tencent Holdings Ltd. | | | | | 4,681,779 | | | | | | 4.3 | | |
| | | 17,906,384 | | | | Other Securities | | | | | 16,160,671 | | | | | | 14.8 | | |
| | | | | | | | | | | | 34,002,067 | | | | | | 31.2 | | |
| | | | | | | Hong Kong: 7.4% | | ||||||||||||
| | | 148,000 | | | | CK Asset Holdings Ltd. | | | | | 1,002,306 | | | | | | 0.9 | | |
| | | 111,000 | | | | CK Hutchison Holdings Ltd. | | | | | 964,904 | | | | | | 0.9 | | |
| | | 491,000 | | | | HKT Trust / HKT Ltd. | | | | | 767,009 | | | | | | 0.7 | | |
| | | 136,500 | | | | Power Assets Holdings Ltd. | | | | | 907,645 | | | | | | 0.8 | | |
| | | 863,000 | (1) | | WH Group Ltd. | | | | | 691,576 | | | | | | 0.7 | | | |
| | | 1,319,674 | | | | Other Securities | | | | | 3,699,847 | | | | | | 3.4 | | |
| | | | | | | | | | | | 8,033,287 | | | | | | 7.4 | | |
| | | | | | | India: 8.0% | | ||||||||||||
| | | 57,830 | | | | HCL Technologies Ltd. | | | | | 891,137 | | | | | | 0.8 | | |
| | | 35,332 | | | | Hindustan Unilever Ltd. | | | | | 931,438 | | | | | | 0.9 | | |
| | | 128,605 | | | | Infosys Ltd. | | | | | 1,467,948 | | | | | | 1.4 | | |
| | | 4,411 | | | | Nestle India Ltd. | | | | | 795,624 | | | | | | 0.7 | | |
| | | 39,175 | | | | Tata Consultancy Services Ltd. | | | | | 1,239,643 | | | | | | 1.1 | | |
| | | 80,031 | | | | Tech Mahindra Ltd. | | | | | 777,173 | | | | | | 0.7 | | |
| | | 210,089 | | | | Wipro Ltd. | | | | | 749,207 | | | | | | 0.7 | | |
| | | 692,676 | | | | Other Securities | | | | | 1,880,698 | | | | | | 1.7 | | |
| | | | | | | | | | | | 8,732,868 | | | | | | 8.0 | | |
| | | | | | | Indonesia: 2.6% | | ||||||||||||
| | | 472,900 | | | | Bank Central Asia Tbk PT | | | | | 1,014,969 | | | | | | 0.9 | | |
| | | 5,949,800 | | | | Other Securities | | | | | 1,834,902 | | | | | | 1.7 | | |
| | | | | | | | | | | | 2,849,871 | | | | | | 2.6 | | |
| | | | | | | Macau: 0.7% | | ||||||||||||
| | | 160,000 | | | | Sands China Ltd. | | | | | 724,358 | | | | | | 0.7 | | |
| | | | | | | Malaysia: 3.2% | | ||||||||||||
| | | 357,000 | | | | Malayan Banking BHD | | | | | 737,121 | | | | | | 0.7 | | |
| | | 533,600 | | | | RHB Bank Bhd | | | | | 722,745 | | | | | | 0.6 | | |
| | | 962,400 | | | | Other Securities | | | | | 2,036,718 | | | | | | 1.9 | | |
| | | | | | | | | | | | 3,496,584 | | | | | | 3.2 | | |
| | | | | | | New Zealand: 0.4% | | ||||||||||||
| | | 149,927 | | | | Other Securities | | | | | 417,389 | | | | | | 0.4 | | |
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (Unaudited) (continued) |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Pakistan: 0.1% | | ||||||||||||
| | | 205,350 | | | | Other Securities | | | | $ | 137,167 | | | | | | 0.1 | | |
| | | | | | | Philippines: 0.3% | | ||||||||||||
| | | 43,335 | | | | Other Securities | | | | | 317,857 | | | | | | 0.3 | | |
| | | | | | | Singapore: 3.5% | | ||||||||||||
| | | 342,200 | | | | CapitaLand Ltd. | | | | | 855,196 | | | | | | 0.8 | | |
| | | 411,900 | | | | ComfortDelgro Corp., Ltd. | | | | | 726,577 | | | | | | 0.7 | | |
| | | 1,962,300 | | | | Other Securities | | | | | 2,189,638 | | | | | | 2.0 | | |
| | | | | | | | | | | | 3,771,411 | | | | | | 3.5 | | |
| | | | | | | South Korea: 8.6% | | ||||||||||||
| | | 11,254 | (1) | | Orange Life Insurance Ltd. | | | | | 250,577 | | | | | | 0.2 | | | |
| | | 3,483 | | | | Samsung Electro-Mechanics Co. Ltd. | | | | | 256,669 | | | | | | 0.2 | | |
| | | 3,532 | | | | Samsung Fire & Marine Insurance Co. Ltd. | | | | | 667,763 | | | | | | 0.6 | | |
| | | 3,969 | | | | Samsung SDS Co. Ltd. | | | | | 643,302 | | | | | | 0.6 | | |
| | | 24,901 | | | | Shinhan Financial Group Co., Ltd. | | | | | 838,175 | | | | | | 0.8 | | |
| | | 1,480 | | | | SK Holdings Co. Ltd. | | | | | 244,729 | | | | | | 0.2 | | |
| | | 13,388 | | | | SK Hynix, Inc. | | | | | 857,377 | | | | | | 0.8 | | |
| | | 1,104 | | | | SK Telecom Co., Ltd. | | | | | 218,241 | | | | | | 0.2 | | |
| | | 341,310 | | | | Other Securities | | | | | 5,421,036 | | | | | | 5.0 | | |
| | | | | | | | | | | | 9,397,869 | | | | | | 8.6 | | |
| | | | | | | Taiwan: 10.9% | | ||||||||||||
| | | 486,000 | | | | Lite-On Technology Corp. | | | | | 773,121 | | | | | | 0.7 | | |
| | | 318,000 | | | | Powertech Technology, Inc. | | | | | 759,508 | | | | | | 0.7 | | |
| | | 359,627 | | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | | | 2,954,922 | | | | | | 2.7 | | |
| | | 417,000 | | | | Uni-President Enterprises Corp. | | | | | 1,016,875 | | | | | | 0.9 | | |
| | | 219,000 | | | | Zhen Ding Technology Holding Ltd. | | | | | 809,174 | | | | | | 0.8 | | |
| | | 4,628,580 | | | | Other Securities | | | | | 5,571,551 | | | | | | 5.1 | | |
| | | | | | | | | | | | 11,885,151 | | | | | | 10.9 | | |
| | | | | | | Thailand: 1.3% | | ||||||||||||
| | | 1,973,000 | | | | Other Securities | | | | | 1,462,977 | | | | | | 1.3 | | |
| | | | | | | Total Common Stock (Cost $113,671,069) | | | | | 103,596,097 | | | | | | 95.0 | | |
| EXCHANGE-TRADED FUNDS 0.8% | | ||||||||||||||||||
| | | 13,301 | | | | iShares MSCI All Country Asia ex Japan Index Fund | | | | | 868,289 | | | | | | 0.8 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $892,766) | | | | | 868,289 | | | | | | 0.8 | | |
|
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| PREFERRED STOCK 2.8% | | ||||||||||||||||||
| | | | | | | South Korea: 2.8% | | ||||||||||||
| | | 101,297 | | | | Samsung Electronics Co., Ltd. | | | | $ | 3,086,271 | | | | | | 2.8 | | |
| | | | | | | Total Preferred Stock (Cost $2,660,074) | | | | | 3,086,271 | | | | | | 2.8 | | |
| | | | | | | Total Investments in Securities (Cost $117,223,909) | | | | $ | 107,550,657 | | | | | | 98.6 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 1,550,303 | | | | | | 1.4 | | |
| | | | | | | Net Assets | | | | $ | 109,100,960 | | | | | | 100.0 | | |
|
Sector Diversification | | | Percentage of Net Assets | | |||
Financials | | | | | 24.7% | | |
Information Technology | | | | | 18.9 | | |
Communication Services | | | | | 9.3 | | |
Consumer Discretionary | | | | | 7.4 | | |
Industrials | | | | | 7.3 | | |
Real Estate | | | | | 6.9 | | |
Materials | | | | | 6.1 | | |
Energy | | | | | 4.8 | | |
Consumer Staples | | | | | 4.8 | | |
Health Care | | | | | 4.1 | | |
Utilities | | | | | 3.5 | | |
Exchange-Traded Funds | | | | | 0.8 | | |
Assets in Excess of Other Liabilities | | | | | 1.4 | | |
Net Assets | | | | | 100.0% | | |
|
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (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, 2019 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | — | | | | | $ | 18,367,241 | | | | | $ | — | | | | | $ | 18,367,241 | | |
China | | | | | 1,848,015 | | | | | | 32,154,052 | | | | | | — | | | | | | 34,002,067 | | |
Hong Kong | | | | | — | | | | | | 8,033,287 | | | | | | — | | | | | | 8,033,287 | | |
India | | | | | 1,239,643 | | | | | | 7,493,225 | | | | | | — | | | | | | 8,732,868 | | |
Indonesia | | | | | — | | | | | | 2,849,871 | | | | | | — | | | | | | 2,849,871 | | |
Macau | | | | | — | | | | | | 724,358 | | | | | | — | | | | | | 724,358 | | |
Malaysia | | | | | — | | | | | | 3,496,584 | | | | | | — | | | | | | 3,496,584 | | |
New Zealand | | | | | — | | | | | | 417,389 | | | | | | — | | | | | | 417,389 | | |
Pakistan | | | | | — | | | | | | 137,167 | | | | | | — | | | | | | 137,167 | | |
Philippines | | | | | 209,210 | | | | | | 108,647 | | | | | | — | | | | | | 317,857 | | |
Singapore | | | | | — | | | | | | 3,771,411 | | | | | | — | | | | | | 3,771,411 | | |
South Korea | | | | | 667,763 | | | | | | 8,730,106 | | | | | | — | | | | | | 9,397,869 | | |
Taiwan | | | | | — | | | | | | 11,885,151 | | | | | | — | | | | | | 11,885,151 | | |
Thailand | | | | | — | | | | | | 1,462,977 | | | | | | — | | | | | | 1,462,977 | | |
Total Common Stock | | | | | 3,964,631 | | | | | | 99,631,466 | | | | | | — | | | | | | 103,596,097 | | |
Exchange-Traded Funds | | | | | 868,289 | | | | | | — | | | | | | — | | | | | | 868,289 | | |
Preferred Stock | | | | | — | | | | | | 3,086,271 | | | | | | — | | | | | | 3,086,271 | | |
Total Investments, at fair value | | | | $ | 4,832,920 | | | | | $ | 102,717,737 | | | | | $ | — | | | | | $ | 107,550,657 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | (17) | | | | | $ | — | | | | | $ | (17) | | |
Written Options | | | | | — | | | | | | (604,327) | | | | | | — | | | | | | (604,327) | | |
Total Liabilities | | | | $ | — | | | | | $ | (604,344) | | | | | $ | — | | | | | $ | (604,344) | | |
Currency Purchased | | | Currency Sold | | | Counterparty | | | Settlement Date | | | Unrealized Appreciation (Depreciation) | | |||
USD 10,346 | | | HKD 81,250 | | | The Bank of New York Mellon | | | 09/04/19 | | | | $ | (17) | | |
| | | | | | | | | | | | | $ | (17) | | |
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (Unaudited) (continued) |
Description | | | Counterparty | | | Put/Call | | | Expiration Date | | | Exercise Price | | | Number of Contracts | | | Notional Amount | | | Premiums Received | | | Fair Value | | |||||||||||||||
Hang Seng Index | | | BNP Paribas Bank | | | Call | | | | | 09/11/19 | | | | HKD 25,615.000 | | | | | 3,670 | | | | | | HKD 94,409,759 | | | | | $ | 239,681 | | | | | $ | (196,239) | | |
Korea Stock Exchange KOSPI 200 Index | | | Morgan Stanley Capital Services LLC | | | Call | | | | | 09/11/19 | | | | KRW 252.880 | | | | | 16,252,640 | | | | | | KRW 4,209,433,760 | | | | | | 62,598 | | | | | | (97,698) | | |
S&P/ASX 200 Index | | | Societe Generale | | | Call | | | | | 09/11/19 | | | | AUD 6,396.860 | | | | | 1,110 | | | | | | AUD 7,330,679 | | | | | | 55,367 | | | | | | (143,979) | | |
Taiwan Stock Exchange Weighted Index | | | BNP Paribas Bank | | | Call | | | | | 09/11/19 | | | | TWD 10,358.000 | | | | | 19,405 | | | | | | TWD 206,043,260 | | | | | | 80,655 | | | | | | (166,411) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 438,301 | | | | | $ | (604,327) | | |
AUD | – | Australian Dollar |
HKD | – | Hong Kong Sar Dollar |
KRW | – | South Korean Won |
TWD | – | Taiwan New Dollar |
USD | – | United States Dollar |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Liability Derivatives | | | | |||||||
Foreign exchange contracts | | | Unrealized depreciation on forward foreign currency contracts | | | | $ | 17 | | |
Equity contracts | | | Written options, at fair value | | | | | 604,327 | | |
Total Liability Derivatives | | | | | | | $ | 604,344 | | |
Derivatives not accounted for as hedging instruments | | | Forward foreign currency contracts | | | Written options | | | Total | | |||||||||
Foreign exchange contracts | | | | $ | (1,309) | | | | | $ | — | | | | | $ | (1,309) | | |
Equity contracts | | | | | — | | | | | | (708,147) | | | | | | (708,147) | | |
Total | | | | $ | (1,309) | | | | | $ | (708,147) | | | | | $ | (709,456) | | |
Derivatives not accounted for as hedging instruments | | | Forward foreign currency contracts | | | Written options | | | Total | | |||||||||
Foreign exchange contracts | | | | $ | (17) | | | | | $ | — | | | | | $ | (17) | | |
Equity contracts | | | | | — | | | | | | 157,411 | | | | | | 157,411 | | |
Total | | | | $ | (17) | | | | | $ | 157,411 | | | | | $ | 157,394 | | |
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (Unaudited) (continued) |
| | | BNP Paribas Bank | | | Morgan Stanley & Co. International PLC | | | Societe Generale | | | The Bank of New York Mellon | | | Totals | | |||||||||||||||
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 17 | | | | | $ | 17 | | |
Written options | | | | | 362,650 | | | | | | 97,698 | | | | | | 143,979 | | | | | | — | | | | | | 604,327 | | |
Total Liabilities | | | | $ | 362,650 | | | | | $ | 97,698 | | | | | $ | 143,979 | | | | | $ | 17 | | | | | $ | 604,344 | | |
Net OTC derivative instruments by counterparty, at fair value | | | | $ | (362,650) | | | | | $ | (97,698) | | | | | $ | (143,979) | | | | | $ | (17) | | | | | $ | 604,344 | | |
Total collateral pledged by the Fund/(Received from counterparty) | | | | $ | 362,650 | | | | | $ | 30,000 | | | | | $ | 70,000 | | | | | $ | — | | | | | $ | 462,650 | | |
Net Exposure(1)(2) | | | | $ | — | | | | | $ | (67,698) | | | | | $ | (73,979) | | | | | $ | (17) | | | | | $ | (141,694) | | |
| Cost for federal income tax purposes was $118,191,799. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 2,981,156 | | |
| Gross Unrealized Depreciation | | | | | (12,863,344) | | |
| Net Unrealized Depreciation | | | | $ | (9,882,188) | | |
| | | | | | Proposal | | | Shares voted for | | | Shares voted against or withheld | | | Shares abstained | | | Broker non-vote | | | Total Shares Voted | | ||||||||||||||||||
Class III Trustees | | | Voya Asia Pacific High Dividend Equity Income Fund | | | | | | | | ||||||||||||||||||||||||||||||
| | | John V. Boyer | | | | | 1* | | | | | | 8,427,685.000 | | | | | | 2,428,924.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 10,856,609.000 | | |
| | | Patricia W. Chadwick | | | | | 1* | | | | | | 8,407,966.000 | | | | | | 2,448,643.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 10,856,609.000 | | |
| | | Sheryl K. Pressler | | | | | 1* | | | | | | 8,421,305.000 | | | | | | 2,435,304.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 10,856,609.000 | | |
| | | Christopher P. Sullivan | | | | | 1* | | | | | | 8,427,676.000 | | | | | | 2,428,933.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 10,856,609.000 | | |
| Declaration Date | | | Ex Date | | | Record Date | | | Payable Date | |
| 20-Mar-19 | | | 1-Apr-19 | | | 2-Apr-19 | | | 15-Apr-19 | |
| 17-Jun-19 | | | 1-Jul-19 | | | 2-Jul-19 | | | 15-Jul-19 | |
| 16-Sep-19 | | | 1-Oct-19 | | | 2-Oct-19 | | | 15-Oct-19 | |
| 16-Dec-19 | | | 30-Dec-19 | | | 31-Dec-19 | | | 15-Jan-20 | |
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Computershare, Inc.
480 Washington Boulevard
Jersey City, New Jersey 07310-1900
The Bank of New York Mellon
One Wall Street
New York, New York 10286
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
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.
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 Asia Pacific High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
As of August 31, 2019 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 95.0% | ||||||||||||||
Australia: 16.8% | ||||||||||||||
67,017 | AGL Energy Ltd. | $ | 854,325 | 0.8 | ||||||||||
7,808 | Aristocrat Leisure Ltd. | 156,406 | 0.1 | |||||||||||
11,687 | ASX Ltd. | 678,865 | 0.6 | |||||||||||
211,943 | Aurizon Holdings Ltd. | 842,629 | 0.8 | |||||||||||
602,114 | AusNet Services | 729,355 | 0.7 | |||||||||||
93,648 | Australia & New Zealand Banking Group Ltd. | 1,684,581 | 1.5 | |||||||||||
89,482 | BHP Group Ltd. | 2,196,551 | 2.0 | |||||||||||
36,371 | BlueScope Steel Ltd. | 306,014 | 0.3 | |||||||||||
101,471 | Coca-Cola Amatil Ltd. | 742,360 | 0.7 | |||||||||||
5,945 | Cochlear Ltd. | 870,391 | 0.8 | |||||||||||
33,149 | Commonwealth Bank of Australia | 1,763,169 | 1.6 | |||||||||||
65,660 | Crown Resorts Ltd. | 531,386 | 0.5 | |||||||||||
10,920 | Goodman Group | 106,662 | 0.1 | |||||||||||
15,300 | Macquarie Group Ltd. | 1,275,526 | 1.2 | |||||||||||
341,083 | Medibank Pvt Ltd. | 835,672 | 0.8 | |||||||||||
10,989 | Newcrest Mining Ltd. | 274,656 | 0.2 | |||||||||||
15,098 | Rio Tinto Ltd. | 890,370 | 0.8 | |||||||||||
130,684 | Santos Ltd. | 632,912 | 0.6 | |||||||||||
347,241 | Scentre Group | 943,837 | 0.9 | |||||||||||
333,501 | South32 Ltd. - AUD | 589,314 | 0.5 | |||||||||||
140,293 | Stockland | 426,515 | 0.4 | |||||||||||
237,747 | Tabcorp Holdings Ltd. | 754,522 | 0.7 | |||||||||||
20,019 | Washington H Soul Pattinson & Co. Ltd. | 281,223 | 0.2 | |||||||||||
18,367,241 | 16.8 | |||||||||||||
China: 31.2% | ||||||||||||||
97,165 | 360 Security Technology, Inc. - A Shares | 301,822 | 0.3 | |||||||||||
370,000 | Agile Group Holdings, Ltd. | 471,021 | 0.4 | |||||||||||
120,000 | Air China Ltd. - H Shares | 103,566 | 0.1 | |||||||||||
121,500 | Anhui Conch Cement Co., Ltd. - H Shares | 682,018 | 0.6 | |||||||||||
891,500 | (1) | BAIC Motor Corp. Ltd. - H Shares | 501,123 | 0.5 | ||||||||||
2,044,000 | Bank of China Ltd. - H Shares | 781,569 | 0.7 | |||||||||||
�� | 832,000 | Bank of Communications Co., Ltd. - H Shares | 543,425 | 0.5 | ||||||||||
130,500 | Beijing Enterprises Holdings Ltd. | 620,614 | 0.6 | |||||||||||
235,500 | BOC Hong Kong Holdings Ltd. | 792,040 | 0.7 | |||||||||||
399,000 | (1) | CGN Power Co. Ltd. - H Shares | 105,191 | 0.1 | ||||||||||
358,000 | China Coal Energy Co. - H Shares | 141,836 | 0.1 | |||||||||||
342,000 | China Communications Services Corp., Ltd. - H Shares | 191,023 | 0.2 | |||||||||||
1,779,960 | China Construction Bank - H Shares | 1,322,714 | 1.2 | |||||||||||
314,000 | China Everbright Ltd. | 357,631 | 0.3 | |||||||||||
396,000 | China Medical System Holdings Ltd. | 492,432 | 0.5 | |||||||||||
171,000 | China Mobile Ltd. | 1,414,955 | 1.3 | |||||||||||
278,000 | China National Building Material Co., Ltd. - H Shares | 237,341 | 0.2 | |||||||||||
622,000 | China Oriental Group Co. Ltd. | 245,444 | 0.2 | |||||||||||
1,546,000 | China Petroleum & Chemical Corp. - H Shares | 901,837 | 0.8 | |||||||||||
325,000 | China Railway Group Ltd. - H Shares | 212,209 | 0.2 | |||||||||||
854,000 | China Reinsurance Group Corp. - H Shares | 139,254 | 0.1 | |||||||||||
626,000 | China Resources Cement Holdings Ltd. - H Shares | 553,122 | 0.5 | |||||||||||
32,000 | China Resources Land Ltd. | 129,733 | 0.1 | |||||||||||
367,500 | (1) | China Resources Pharmaceutical Group Ltd. | 378,803 | 0.4 | ||||||||||
40,800 | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. - A Shares | 168,724 | 0.2 | |||||||||||
287,500 | China Shenhua Energy Co., Ltd. - H Shares | 564,173 | 0.5 | |||||||||||
874,000 | China Telecom Corp., Ltd. - H Shares | 390,547 | 0.4 | |||||||||||
238,000 | China Unicom Hong Kong Ltd. | 236,448 | 0.2 | |||||||||||
221,000 | Chinese Universe Publishing and Media Group Co. Ltd. - A Shares | 387,884 | 0.4 | |||||||||||
784,000 | Chongqing Rural Commercial Bank Co. Ltd. - H Shares | 378,297 | 0.4 | |||||||||||
268,000 | CIFI Holdings Group Co. Ltd. | 143,635 | 0.1 | |||||||||||
474,000 | CNOOC Ltd. | 702,191 | 0.6 | |||||||||||
251,000 | Country Garden Holdings Co. Ltd. | 310,861 | 0.3 | |||||||||||
232,000 | CSPC Pharmaceutical Group Ltd. | 462,250 | 0.4 | |||||||||||
156,500 | (1) | Dali Foods Group Co. Ltd. | 104,066 | 0.1 | ||||||||||
141,000 | Far East Horizon Ltd. | 125,890 | 0.1 | |||||||||||
152,000 | Fosun International Ltd. | 194,841 | 0.2 | |||||||||||
213,000 | Geely Automobile Holdings Ltd. | 328,119 | 0.3 | |||||||||||
180,000 | Great Wall Motor Co. Ltd. - H Shares | 113,956 | 0.1 | |||||||||||
382,900 | Greenland Holdings Corp. Ltd. - A Shares | 355,259 | 0.3 | |||||||||||
249,200 | Guangzhou R&F Properties Co., Ltd. - H Shares | 400,007 | 0.4 | |||||||||||
46,000 | Haier Electronics Group Co. Ltd. | 119,772 | 0.1 | |||||||||||
103,100 | Haier Smart Home Co. Ltd. - A Shares | 229,563 | 0.2 | |||||||||||
10,600 | Hundsun Technologies, Inc. - A Shares | 110,238 | 0.1 | |||||||||||
2,481,414 | Industrial & Commercial Bank of China - H Shares | 1,564,921 | 1.4 |
See Accompanying Notes to Financial Statements
Voya Asia Pacific High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
As of August 31, 2019 (Unaudited)(continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
173,500 | Inner Mongolia Yitai Coal Co. Ltd. | 154,415 | 0.1 | |||||||||||
156,000 | Kunlun Energy Co. Ltd. | 135,613 | 0.1 | |||||||||||
100,500 | Li Ning Co. Ltd. | 296,403 | 0.3 | |||||||||||
183,500 | (1) | Luye Pharma Group Ltd. - H Shares | 142,069 | 0.1 | ||||||||||
970,000 | Maanshan Iron & Steel Co. Ltd. - H Shares | 363,013 | 0.3 | |||||||||||
23,753 | Momo, Inc. ADR | 873,635 | 0.8 | |||||||||||
2,163 | NetEase, Inc. ADR | 551,565 | 0.5 | |||||||||||
397,000 | Nexteer Automotive Group Ltd. | 307,649 | 0.3 | |||||||||||
644,000 | PICC Property & Casualty Co., Ltd. - H Shares | 736,409 | 0.7 | |||||||||||
160,500 | Ping An Insurance Group Co. of China Ltd. - H Shares | 1,841,418 | 1.7 | |||||||||||
1,409,000 | (1) | Postal Savings Bank of China Co. Ltd. - H Shares | 847,288 | 0.8 | ||||||||||
128,000 | Sany Heavy Industry Co. Ltd. - A Shares | 241,458 | 0.2 | |||||||||||
40,000 | Seazen Holdings Co. Ltd. - A Shares | 138,817 | 0.1 | |||||||||||
1,090,400 | Shanghai 2345 Network Holding Group Co. Ltd. - A Shares | 500,868 | 0.5 | |||||||||||
11,003 | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - A Shares | 286,913 | 0.3 | |||||||||||
1,229,000 | Sihuan Pharmaceutical Holdings Group Ltd. | 218,792 | 0.2 | |||||||||||
211,000 | Sino Biopharmaceutical Ltd. | 312,632 | 0.3 | |||||||||||
1,084,000 | Sinopec Shanghai Petrochemical Co. Ltd. - H Shares | 312,172 | 0.3 | |||||||||||
724,000 | Sinotrans Ltd. - H Shares | 232,954 | 0.2 | |||||||||||
93,500 | Sinotruk Hong Kong Ltd. | 143,863 | 0.1 | |||||||||||
113,400 | Tencent Holdings Ltd. | 4,681,779 | 4.3 | |||||||||||
201,000 | Tong Ren Tang Technologies Co. Ltd. - H Shares | 217,916 | 0.2 | |||||||||||
287,000 | Weichai Power Co. Ltd. - H Shares | 437,965 | 0.4 | |||||||||||
332,945 | Xiamen C & D, Inc. - A Shares | 398,443 | 0.4 | |||||||||||
402,000 | Yanzhou Coal Mining Co., Ltd. - H Shares | 347,252 | 0.3 | |||||||||||
5,908 | Yum China Holdings, Inc. | 268,401 | 0.3 | |||||||||||
34,002,067 | 31.2 | |||||||||||||
Hong Kong: 7.4% | ||||||||||||||
74,174 | AIA Group Ltd. | 717,764 | 0.7 | |||||||||||
148,000 | CK Asset Holdings Ltd. | 1,002,306 | 0.9 | |||||||||||
111,000 | CK Hutchison Holdings Ltd. | 964,904 | 0.9 | |||||||||||
491,000 | HKT Trust / HKT Ltd. | 767,009 | 0.7 | |||||||||||
138,000 | Hysan Development Co., Ltd. | 557,935 | 0.5 | |||||||||||
556,000 | New World Development Ltd. | 691,915 | 0.6 | |||||||||||
283,000 | NWS Holdings Ltd. | 486,493 | 0.5 | |||||||||||
136,500 | Power Assets Holdings Ltd. | 907,645 | 0.8 | |||||||||||
130,000 | Shangri-La Asia Ltd. | 135,722 | 0.1 | |||||||||||
71,500 | Swire Pacific Ltd. - Class A | 699,449 | 0.7 | |||||||||||
20,000 | Techtronic Industries Co., Ltd. | 137,955 | 0.1 | |||||||||||
863,000 | (1) | WH Group Ltd. | 691,576 | 0.6 | ||||||||||
47,000 | Wheelock & Co., Ltd. | 272,614 | 0.3 | |||||||||||
8,033,287 | 7.4 | |||||||||||||
India: 8.0% | ||||||||||||||
57,889 | Coal India Ltd. | 149,862 | 0.1 | |||||||||||
12,026 | Dr Reddys Laboratories Ltd. | 431,721 | 0.4 | |||||||||||
283,092 | GAIL India Ltd. | 514,931 | 0.5 | |||||||||||
36,308 | Glenmark Pharmaceuticals Ltd. | 195,238 | 0.2 | |||||||||||
57,830 | HCL Technologies Ltd. | 891,137 | 0.8 | |||||||||||
35,332 | Hindustan Unilever Ltd. | 931,438 | 0.9 | |||||||||||
128,605 | Infosys Ltd. | 1,467,948 | 1.4 | |||||||||||
42,330 | ITC Ltd. | 145,767 | 0.1 | |||||||||||
4,411 | Nestle India Ltd. | 795,624 | 0.7 | |||||||||||
261,031 | Oil & Natural Gas Corp., Ltd. | 443,179 | 0.4 | |||||||||||
39,175 | Tata Consultancy Services Ltd. | 1,239,643 | 1.1 | |||||||||||
80,031 | Tech Mahindra Ltd. | 777,173 | 0.7 | |||||||||||
210,089 | Wipro Ltd. | 749,207 | 0.7 | |||||||||||
8,732,868 | 8.0 | |||||||||||||
Indonesia: 2.6% | ||||||||||||||
1,350,300 | Adaro Energy Tbk PT | 106,774 | 0.1 | |||||||||||
774,100 | Astra International Tbk PT | 363,507 | 0.3 | |||||||||||
472,900 | Bank Central Asia Tbk PT | 1,014,969 | 0.9 | |||||||||||
1,173,100 | Bank Mandiri Persero TBK PT | 596,460 | 0.6 | |||||||||||
320,500 | Bank Negara Indonesia Persero Tbk PT | 173,551 | 0.2 | |||||||||||
520,700 | Bank Rakyat Indonesia | 156,285 | 0.1 | |||||||||||
20,300 | Gudang Garam Tbk PT | 99,335 | 0.1 | |||||||||||
1,790,800 | Hanjaya Mandala Sampoerna Tbk PT | 338,990 | 0.3 | |||||||||||
2,849,871 | 2.6 | |||||||||||||
Macau: 0.7% | ||||||||||||||
160,000 | Sands China Ltd. | 724,358 | 0.7 | |||||||||||
Malaysia: 3.2% | ||||||||||||||
291,600 | AMMB Holdings Bhd | 290,861 | 0.3 | |||||||||||
195,600 | CIMB Group Holdings Bhd | 235,014 | 0.2 | |||||||||||
258,900 | Genting Bhd | 368,831 | 0.3 | |||||||||||
86,700 | Hong Leong Bank BHD | 341,870 | 0.3 | |||||||||||
37,800 | Hong Leong Financial Group Bhd | 151,457 | 0.1 | |||||||||||
357,000 | Malayan Banking BHD | 737,122 | 0.7 | |||||||||||
6,800 | Nestle Malaysia Bhd | 238,360 | 0.2 | |||||||||||
85,000 | Public Bank BHD | 410,324 | 0.4 | |||||||||||
533,600 | RHB Bank Bhd | 722,745 | 0.7 | |||||||||||
3,496,584 | 3.2 | |||||||||||||
New Zealand: 0.4% | ||||||||||||||
149,927 | Spark New Zealand Ltd. | 417,389 | 0.4 | |||||||||||
Pakistan: 0.1% | ||||||||||||||
205,350 | Oil & Gas Development Co. Ltd. | 137,167 | 0.1 |
See Accompanying Notes to Financial Statements
Voya Asia Pacific High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
As of August 31, 2019 (Unaudited)(continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
Philippines: 0.3% | ||||||||||||||
37,970 | BDO Unibank, Inc. | 108,647 | 0.1 | |||||||||||
5,365 | Globe Telecom, Inc. | 209,210 | 0.2 | |||||||||||
317,857 | 0.3 | |||||||||||||
Singapore: 3.5% | ||||||||||||||
342,200 | CapitaLand Ltd. | 855,197 | 0.8 | |||||||||||
411,900 | ComfortDelgro Corp., Ltd. | 726,577 | 0.7 | |||||||||||
1,099,500 | Genting Singapore Ltd. | 704,195 | 0.6 | |||||||||||
21,400 | Jardine Cycle & Carriage Ltd. | 475,351 | 0.4 | |||||||||||
44,900 | Venture Corp. Ltd. | 489,316 | 0.5 | |||||||||||
796,500 | Yangzijiang Shipbuilding Holdings Ltd. | 520,775 | 0.5 | |||||||||||
3,771,411 | 3.5 | |||||||||||||
South Korea: 8.6% | ||||||||||||||
49,789 | BNK Financial Group, Inc. | 275,704 | 0.3 | |||||||||||
1,413 | CJ ENM Co. Ltd. | 188,035 | 0.2 | |||||||||||
5,926 | Daelim Industrial Co., Ltd. | 478,367 | 0.4 | |||||||||||
10,886 | DB Insurance Co. Ltd. | 430,993 | 0.4 | |||||||||||
5,112 | Doosan Bobcat, Inc. | 151,420 | 0.1 | |||||||||||
12,514 | GS Engineering & Construction Corp. | 335,420 | 0.3 | |||||||||||
9,255 | GS Holdings Corp. | 367,244 | 0.3 | |||||||||||
26,501 | Hana Financial Group, Inc. | 711,857 | 0.7 | |||||||||||
4,725 | HDC Hyundai Development Co-Engineering & Construction | 140,010 | 0.1 | |||||||||||
9,441 | Hyundai Marine & Fire Insurance Co., Ltd. | 186,561 | 0.2 | |||||||||||
11,254 | (1) | Orange Life Insurance Ltd. | 250,577 | 0.2 | ||||||||||
3,315 | KB Financial Group, Inc. | 108,311 | 0.1 | |||||||||||
19,124 | Kia Motors Corp. | 690,300 | 0.6 | |||||||||||
4,541 | LG Electronics, Inc. | 230,014 | 0.2 | |||||||||||
106,994 | Meritz Securities Co. Ltd. | 420,517 | 0.4 | |||||||||||
3,483 | Samsung Electro-Mechanics Co. Ltd. | 256,669 | 0.2 | |||||||||||
3,532 | Samsung Fire & Marine Insurance Co. Ltd. | 667,763 | 0.6 | |||||||||||
3,969 | Samsung SDS Co. Ltd. | 643,302 | 0.6 | |||||||||||
24,901 | Shinhan Financial Group Co., Ltd. | 838,175 | 0.8 | |||||||||||
1,480 | SK Holdings Co. Ltd. | 244,729 | 0.2 | |||||||||||
13,388 | SK Hynix, Inc. | 857,377 | 0.8 | |||||||||||
1,104 | SK Telecom Co., Ltd. | 218,241 | 0.2 | |||||||||||
71,774 | Woori Financial Group, Inc. | 706,283 | 0.7 | |||||||||||
9,397,869 | 8.6 | |||||||||||||
Taiwan: 10.9% | ||||||||||||||
28,840 | Chailease Holding Co. Ltd. | 114,269 | 0.1 | |||||||||||
197,000 | Chicony Electronics Co. Ltd. | 553,064 | 0.5 | |||||||||||
773,000 | China Airlines Ltd. | 227,359 | 0.2 | |||||||||||
1,193,000 | Eva Airways Corp. | 537,223 | 0.5 | |||||||||||
158,000 | Foxconn Technology Co., Ltd. | 318,858 | 0.3 | |||||||||||
68,000 | Globalwafers Co. Ltd. | 624,318 | 0.6 | |||||||||||
486,000 | Lite-On Technology Corp. | 773,121 | 0.7 | |||||||||||
56,000 | Novatek Microelectronics Corp., Ltd. | 331,698 | 0.3 | |||||||||||
235,000 | Pou Chen Corp. | 293,109 | 0.3 | |||||||||||
318,000 | Powertech Technology, Inc. | 759,508 | 0.7 | |||||||||||
12,000 | President Chain Store Corp. | 111,569 | 0.1 | |||||||||||
66,000 | Realtek Semiconductor Corp. | 451,390 | 0.4 | |||||||||||
301,000 | Synnex Technology International Corp. | 354,436 | 0.3 | |||||||||||
365,400 | Taiwan Business Bank | 143,008 | 0.1 | |||||||||||
183,340 | Taiwan Cooperative Financial Holding Co. Ltd. | 116,683 | 0.1 | |||||||||||
359,627 | Taiwan Semiconductor Manufacturing Co., Ltd. | 2,954,922 | 2.7 | |||||||||||
417,000 | Uni-President Enterprises Corp. | 1,016,875 | 0.9 | |||||||||||
49,000 | Walsin Technology Corp. | 246,051 | 0.2 | |||||||||||
585,000 | Wistron Corp. | 463,425 | 0.4 | |||||||||||
319,000 | WPG Holdings Ltd. | 403,736 | 0.4 | |||||||||||
39,000 | Yageo Corp. | 281,355 | 0.3 | |||||||||||
219,000 | Zhen Ding Technology Holding Ltd. | 809,174 | 0.8 | |||||||||||
11,885,151 | 10.9 | |||||||||||||
Thailand: 1.3% | ||||||||||||||
145,400 | Bangkok Dusit Medical Services PCL | 111,968 | 0.1 | |||||||||||
28,000 | Bumrungrad Hospital PCL | 126,544 | 0.1 | |||||||||||
557,900 | Home Product Center PCL | 327,806 | 0.3 | |||||||||||
1,098,400 | Krung Thai Bank PCL | 616,974 | 0.6 | |||||||||||
27,900 | PTT Exploration & Production PCL | 113,157 | 0.1 | |||||||||||
115,400 | PTT PCL | 166,528 | 0.1 | |||||||||||
1,462,977 | 1.3 | |||||||||||||
Total Common Stock (Cost $113,671,069) | 103,596,097 | 95.0 | ||||||||||||
EXCHANGE-TRADED FUNDS: 0.8% | ||||||||||||||
13,301 | iShares MSCI All Country Asia ex Japan Index Fund | 868,289 | 0.8 | |||||||||||
Total Exchange-Traded Funds (Cost $892,766) | 868,289 | 0.8 | ||||||||||||
PREFERRED STOCK: 2.8% | ||||||||||||||
South Korea: 2.8% | ||||||||||||||
101,297 | Samsung Electronics Co., Ltd. | 3,086,271 | 2.8 | |||||||||||
Total Preferred Stock (Cost $2,660,074) | 3,086,271 | 2.8 | ||||||||||||
Total Investments in Securities (Cost $117,223,909) | $ | 107,550,657 | 98.6 | |||||||||||
Assets in Excess of Other Liabilities | 1,550,303 | 1.4 | ||||||||||||
Net Assets | $ | 109,100,960 | 100.0 |
ADR | American Depositary Receipt |
(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. |
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.
Not applicable.
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)(2) | A separate certification for each principal executive officer and principal financial officer of the registrant is required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT. |
(a)(3) | Not required for semi-annual filing. |
(a)(4) | Auditor Change. |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
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 Asia Pacific High Dividend Equity Income Fund
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer |
Date: November 8, 2019
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 8, 2019
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 8, 2019