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:811-22051
Voya International 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) |
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, 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):
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| | 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. | | |
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![[MISSING IMAGE: sg_dina-santoro.jpg]](https://capedge.com/proxy/N-CSRS/0001104659-19-061655/sg_dina-santoro.jpg)
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. | | |
| | EURO STOXX 50® Index | | | | Covers 50 stocks from 12 euro zone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. | | |
| | FTSE 100 Index | | | | A share index of the 100 most highly capitalized U.K. companies listed on the London Stock Exchange. | | |
| | 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 designed to measure the equity market performance of Asia, excluding Japan. | | |
| | MSCI Europe, Australasia and Far East® (“MSCI EAFE®”) Index | | | | An index that measures the performance of securities listed on exchanges in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | | |
| | MSCI Europe® Index | | | | A free float-adjusted market capitalization weighted index designed to measure the equity market performance of the developed markets in Europe. | | |
| | 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 International High Dividend Equity Income Fund | Portfolio Managers’ Report |
Portfolio Managers’ Report | Voya International High Dividend Equity Income Fund |
Voya International High Dividend Equity Income Fund | Portfolio Managers’ Report |
| ASSETS: | | | | | | | |
| Investments in securities at fair value* | | | | $ | 47,415,157 | | |
| Cash | | | | | 467,321 | | |
| Foreign currencies at value** | | | | | 14,074 | | |
| Receivables: | | | | | | | |
| Investment securities sold | | | | | 433,675 | | |
| Dividends | | | | | 209,123 | | |
| Foreign tax reclaims | | | | | 52,451 | | |
| Unrealized appreciation on forward foreign currency contracts | | | | | 35 | | |
| Prepaid expenses | | | | | 19 | | |
| Reimbursement due from manager | | | | | 15,939 | | |
| Other assets | | | | | 3,057 | | |
| Total assets | | | | | 48,610,851 | | |
| LIABILITIES: | | | | | | | |
| Payable for investment management fees | | | | | 38,548 | | |
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 3,057 | | |
| Payable for trustee fees | | | | | 252 | | |
| Other accrued expenses and liabilities | | | | | 108,610 | | |
| Written options, at fair value^ | | | | | 428,079 | | |
| Total liabilities | | | | | 578,546 | | |
| NET ASSETS | | | | $ | 48,032,305 | | |
| NET ASSETS WERE COMPRISED OF: | | | | | | | |
| Paid-in capital | | | | $ | 55,013,359 | | |
| Total distributable loss | | | | | (6,981,054) | | |
| NET ASSETS | | | | $ | 48,032,305 | | |
| * Cost of investments in securities | | | | $ | 49,198,122 | | |
| ** Cost of foreign currencies | | | | $ | 14,598 | | |
| ^ Premiums received on written options | | | | $ | 295,458 | | |
| Net assets | | | | $ | 48,032,305 | | |
| Shares authorized | | | | | unlimited | | |
| Par value | | | | $ | 0.010 | | |
| Shares outstanding | | | | | 8,424,620 | | |
| Net asset value | | | | $ | 5.70 | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 1,218,032 | | |
| Total investment income | | | | | 1,218,032 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 255,400 | | |
| Transfer agent fees | | | | | 12,012 | | |
| Shareholder reporting expense | | | | | 25,211 | | |
| Professional fees | | | | | 31,032 | | |
| Custody and accounting expense | | | | | 66,292 | | |
| Trustee fees | | | | | 1,011 | | |
| Miscellaneous expense | | | | | 15,018 | | |
| Total expenses | | | | | 405,976 | | |
| Waived and reimbursed fees | | | | | (103,988) | | |
| Net expenses | | | | | 301,988 | | |
| Net investment income | | | | | 916,044 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
| Investments (net of Indian capital gains tax withheld^) | | | | | (1,050,525) | | |
| Forward foreign currency contracts | | | | | (7,116) | | |
| Foreign currency related transactions | | | | | (37,554) | | |
| Written options | | | | | (292,118) | | |
| Net realized loss | | | | | (1,387,313) | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
| Investments | | | | | (745,194) | | |
| Forward foreign currency contracts | | | | | 35 | | |
| Foreign currency related transactions | | | | | (2,989) | | |
| Written options | | | | | (6,436) | | |
| Net change in unrealized appreciation (depreciation) | | | | | (754,584) | | |
| Net realized and unrealized loss | | | | | (2,141,897) | | |
| Decrease in net assets resulting from operations | | | | $ | (1,225,853) | | |
| * Foreign taxes withheld | | | | $ | 125,599 | | |
| ^ Foreign taxes on sale of Indian investments | | | | $ | 13,758 | | |
| | | Six Months Ended August 31, 2019 (Unaudited) | | | Year Ended February 28, 2019 | | ||||||
FROM OPERATIONS: | | | | | | | | | | | | | |
Net investment income | | | | $ | 916,044 | | | | | $ | 1,058,950 | | |
Net realized gain (loss) | | | | | (1,387,313) | | | | | | 383,479 | | |
Net change in unrealized appreciation (depreciation) | | | | | (754,584) | | | | | | (4,227,339) | | |
Decrease in net assets resulting from operations | | | | | (1,225,853) | | | | | | (2,784,910) | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | |
Total distributions (excluding return of capital) | | | | | (926,475) | | | | | | (977,073) | | |
Return of capital | | | | | (1,701,925) | | | | | | (4,278,726) | | |
Total distributions | | | | | (2,628,400) | | | | | | (5,255,799) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | 4,891 | | | | | | 24,597 | | |
| | | | | 4,891 | | | | | | 24,597 | | |
Net increase in net assets resulting from capital share transactions | | | | | 4,891 | | | | | | 24,597 | | |
Net decrease in net assets | | | | | (3,849,362) | | | | | | (8,016,112) | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 51,881,667 | | | | | | 59,897,779 | | |
End of year or period | | | | $ | 48,032,305 | | | | | $ | 51,881,667 | | |
| | | 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 | | | 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) | | | (%) | | | (%) | | | (%) | | | (%) | | ||||||||||||||||||||||||||||||||||||||||||
08-31-19+ | | | | | 6.16 | | | | | | 0.11• | | | | | | (0.26) | | | | | | (0.15) | | | | | | 0.11 | | | | | | — | | | | | | 0.20 | | | | | | 0.31 | | | | | | 5.70 | | | | | | 5.48 | | | | | | (2.40) | | | | | | (5.09) | | | | 48,032 | | | 1.59 | | | 1.19 | | | | | 3.60 | | | | | | 158 | | |
02-28-19 | | | | | 7.11 | | | | | | 0.13 | | | | | | (0.46) | | | | | | (0.33) | | | | | | 0.12 | | | | | | — | | | | | | 0.50 | | | | | | 0.62 | | | | | | 6.16 | | | | | | 6.09 | | | | | | (4.23) | | | | | | (6.37) | | | | 51,882 | | | 1.59 | | | 1.25 | | | | | 1.94 | | | | | | 83 | | |
02-28-18 | | | | | 6.78 | | | | | | 0.15 | | | | | | 0.81 | | | | | | 0.96 | | | | | | 0.17 | | | | | | — | | | | | | 0.46 | | | | | | 0.63 | | | | | | 7.11 | | | | | | 7.19 | | | | | | 14.42 | | | | | | 15.71 | | | | 59,898 | | | 1.50 | | | 1.25 | | | | | 2.13 | | | | | | 49 | | |
02-28-17 | | | | | 6.47 | | | | | | 0.17 | | | | | | 0.93 | | | | | | 1.10 | | | | | | 0.19 | | | | | | — | | | | | | 0.60 | | | | | | 0.79 | | | | | | 6.78 | | | | | | 6.78 | | | | | | 18.33 | | | | | | 32.92 | | | | 57,042 | | | 1.51 | | | 1.25 | | | | | 2.53 | | | | | | 43 | | |
02-29-16 | | | | | 8.59 | | | | | | 0.20 | | | | | | (1.49) | | | | | | (1.29) | | | | | | 0.25 | | | | | | — | | | | | | 0.58 | | | | | | 0.83 | | | | | | 6.47 | | | | | | 5.76 | | | | | | (15.26)(5) | | | | | | (19.80) | | | | 54,393 | | | 1.44 | | | 1.25 | | | | | 2.59 | | | | | | 46 | | |
02-28-15 | | | | | 9.47 | | | | | | 0.22 | | | | | | (0.27) | | | | | | (0.05) | | | | | | 0.58 | | | | | | — | | | | | | 0.25 | | | | | | 0.83 | | | | | | 8.59 | | | | | | 8.08 | | | | | | (0.49) | | | | | | (4.07) | | | | 72,228 | | | 1.42 | | | 1.25 | | | | | 2.34 | | | | | | 37 | | |
02-28-14 | | | | | 9.55 | | | | | | 0.25 | | | | | | 0.55 | | | | | | 0.80 | | | | | | 0.70 | | | | | | — | | | | | | 0.18 | | | | | | 0.88 | | | | | | 9.47 | | | | | | 9.24 | | | | | | 9.07 | | | | | | 0.33 | | | | 79,561 | | | 1.48 | | | 1.25 | | | | | 2.67 | | | | | | 53 | | |
02-28-13 | | | | | 9.84 | | | | | | 0.23• | | | | | | 0.47 | | | | | | 0.70 | | | | | | 0.24 | | | | | | — | | | | | | 0.75 | | | | | | 0.99 | | | | | | 9.55 | | | | | | 10.13 | | | | | | 7.89 | | | | | | 10.94 | | | | 80,095 | | | 1.50 | | | 1.26 | | | | | 2.53 | | | | | | 94 | | |
02-29-12 | | | | | 11.16 | | | | | | 0.30• | | | | | | (0.53) | | | | | | (0.23) | | | | | | 0.68 | | | | | | — | | | | | | 0.41 | | | | | | 1.09 | | | | | | 9.84 | | | | | | 10.15 | | | | | | (1.66) | | | | | | (7.01) | | | | 82,211 | | | 1.46 | | | 1.26 | | | | | 3.02 | | | | | | 94 | | |
02-28-11 | | | | | 10.52 | | | | | | 0.26 | | | | | | 1.58 | | | | | | 1.84 | | | | | | 1.20 | | | | | | — | | | | | | — | | | | | | 1.20 | | | | | | 11.16 | | | | | | 12.17 | | | | | | 18.22 | | | | | | 11.30 | | | | 92,552 | | | 1.38 | | | 1.25 | | | | | 2.44 | | | | | | 99 | | |
02-28-10 | | | | | 8.12 | | | | | | 0.25 | | | | | | 3.96 | | | | | | 4.21 | | | | | | 0.20 | | | | | | — | | | | | | 1.61 | | | | | | 1.81 | | | | | | 10.52 | | | | | | 12.19 | | | | | | 51.96 | | | | | | 86.17 | | | | 86,217 | | | 1.41 | | | 1.25 | | | | | 2.47 | | | | | | 55 | | |
| August 31, | | | |||||||||||||||||
| 2020 | | | 2021 | | | 2022 | | | Total | | |||||||||
| $148,389 | | | | $ | 158,036 | | | | | $ | 206,284 | | | | | $ | 512,709 | | |
| | | Reinvestment of distributions | | | Net increase in shares outstanding | | | Reinvestment of distributions | | | Net increase | | ||||||||||||
Year or period ended | | | # | | | # | | | ($) | | | ($) | | ||||||||||||
8/31/2019 | | | | | 782 | | | | | | 782 | | | | | | 4,891 | | | | | | 4,891 | | |
2/28/2019 | | | | | 3,603 | | | | | | 3,603 | | | | | | 24,597 | | | | | | 24,597 | | |
| Six Months Ended August 31, 2019 | | | Year Ended Feburary 28, 2019* | | |||||||||||||||
| Ordinary Income | | | Return of Capital | | | Ordinary Income | | | Return of Capital | | |||||||||
| $926,475 | | | | $ | 1,701,925 | | | | | $ | 977,073 | | | | | $ | 4,278,726 | | |
| Unrealized Appreciation/ (Depreciation) | | | Capital Loss Carryforwards | | |||||||||||||||
| Amount | | | Character | | | Expiration | | ||||||||||||
| $(1,923,822) | | | | $ | (2,032,899) | | | | | | Short-term | | | | | | None | | |
| | | | | | (2,925,716) | | | | | | Long-term | | | | | | None | | |
| | | | | $ | (4,958,615) | | | | | | | | | | | | | | |
| Per Share Amount | | | Declaration Date | | | Payable Date | | | Record Date | | |||||||||
| $0.052 | | | | | 8/15/2019 | | | | | | 9/16/2019 | | | | | | 9/4/2019 | | |
| $0.030 | | | | | 9/19/2019 | | | | | | 10/15/2019 | | | | | | 10/2/2019 | | |
| $0.030 | | | | | 10/15/2019 | | | | | | 11/15/2019 | | | | | | 11/4/2019 | | |
Voya International High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (Unaudited) |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: 97.6% | | ||||||||||||||||||
| | | | | | | Australia: 7.9% | | ||||||||||||
| | | 90,680 | | | | Aurizon Holdings Ltd. | | | | $ | 360,520 | | | | | | 0.8 | | |
| | | 34,987 | | | | Coca-Cola Amatil Ltd. | | | | | 255,964 | | | | | | 0.5 | | |
| | | 55,794 | | | | Sydney Airport | | | | | 316,426 | | | | | | 0.7 | | |
| | | 822,152 | | | | Other Securities | | | | | 2,846,197 | | | | | | 5.9 | | |
| | | | | | | | | | | | 3,779,107 | | | | | | 7.9 | | |
| | | | | | | Belgium: 0.3% | | ||||||||||||
| | | 3,121 | | | | Other Securities | | | | | 159,810 | | | | | | 0.3 | | |
| | | | | | | China: 0.3% | | ||||||||||||
| | | 37,500 | | | | Other Securities | | | | | 126,121 | | | | | | 0.3 | | |
| | | | | | | Denmark: 2.8% | | ||||||||||||
| | | 2,546 | | | | Carlsberg A/S | | | | | 376,064 | | | | | | 0.8 | | |
| | | 3,095 | | | | Coloplast A/S | | | | | 368,952 | | | | | | 0.8 | | |
| | | 11,340 | | | | Novo Nordisk A/S | | | | | 590,841 | | | | | | 1.2 | | |
| | | | | | | | | | | | 1,335,857 | | | | | | 2.8 | | |
| | | | | | | Finland: 2.2% | | ||||||||||||
| | | 7,910 | | | | Sampo OYJ | | | | | 314,272 | | | | | | 0.7 | | |
| | | 50,113 | | | | Other Securities | | | | | 726,091 | | | | | | 1.5 | | |
| | | | | | | | | | | | 1,040,363 | | | | | | 2.2 | | |
| | | | | | | France: 8.7% | | ||||||||||||
| | | 4,325 | | | | Danone | | | | | 387,473 | | | | | | 0.8 | | |
| | | 3,111 | | | | Eiffage SA | | | | | 322,371 | | | | | | 0.7 | | |
| | | 24,717 | | | | Engie SA | | | | | 375,816 | | | | | | 0.8 | | |
| | | 7,122 | | | | Sanofi | | | | | 611,833 | | | | | | 1.3 | | |
| | | 2,792 | | | | Sodexo SA | | | | | 316,366 | | | | | | 0.6 | | |
| | | 84,980 | | | | Other Securities | | | | | 2,149,571 | | | | | | 4.5 | | |
| | | | | | | | | | | | 4,163,430 | | | | | | 8.7 | | |
| | | | | | | Germany: 5.5% | | ||||||||||||
| | | 5,588 | | | | BASF SE | | | | | 369,740 | | | | | | 0.7 | | |
| | | 2,643 | | | | Deutsche Boerse AG | | | | | 388,343 | | | | | | 0.8 | | |
| | | 11,735 | | | | Deutsche Post AG | | | | | 385,090 | | | | | | 0.8 | | |
| | | 19,784 | | | | Deutsche Telekom AG | | | | | 330,286 | | | | | | 0.7 | | |
| | | 89,805 | | | | Other Securities | | | | | 1,190,427 | | | | | | 2.5 | | |
| | | | | | | | | | | | 2,663,886 | | | | | | 5.5 | | |
| | | | | | | Hong Kong: 3.2% | | ||||||||||||
| | | 14,900 | | | | Hang Seng Bank Ltd. | | | | | 310,383 | | | | | | 0.6 | | |
| | | 390,193 | | | | Other Securities | | | | | 1,253,089 | | | | | | 2.6 | | |
| | | | | | | | | | | | 1,563,472 | | | | | | 3.2 | | |
| | | | | | | Ireland: 0.1% | | ||||||||||||
| | | 22,514 | | | | Other Securities | | | | | 56,929 | | | | | | 0.1 | | |
| | | | | | | Israel: 1.7% | | ||||||||||||
| | | 110,649 | (1) | | Other Securities | | | | | 796,396 | | | | | | 1.7 | | | |
| | | | | | | Italy: 4.2% | | ||||||||||||
| | | 19,875 | | | | Assicurazioni Generali S.p.A. | | | | | 361,276 | | | | | | 0.8 | | |
| | | 22,213 | | | | ENI S.p.A. | | | | | 335,270 | | | | | | 0.7 | | |
| | | 163,920 | | | | Intesa Sanpaolo SpA | | | | | 360,698 | | | | | | 0.7 | | |
| | | 110,222 | | | | Other Securities | | | | | 957,041 | | | | | | 2.0 | | |
| | | | | | | | | | | | 2,014,285 | | | | | | 4.2 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Japan: 24.5% | | ||||||||||||
| | | 12,800 | | | | Canon, Inc. | | | | $ | 331,847 | | | | | | 0.7 | | |
| | | 7,500 | | | | Fuji Film Holdings Corp. | | | | | 320,778 | | | | | | 0.7 | | |
| | | 13,800 | | | | Mitsubishi Corp. | | | | | 335,631 | | | | | | 0.7 | | |
| | | 7,900 | | | | Mitsubishi Heavy Industries Ltd. | | | | | 296,558 | | | | | | 0.6 | | |
| | | 22,900 | | | | Mitsui & Co., Ltd. | | | | | 358,250 | | | | | | 0.8 | | |
| | | 258,400 | | | | Mizuho Financial Group, Inc. | | | | | 375,465 | | | | | | 0.8 | | |
| | | 7,900 | | | | NEC Corp. | | | | | 338,139 | | | | | | 0.7 | | |
| | | 42 | | | | Nippon Building Fund, Inc. | | | | | 308,359 | | | | | | 0.6 | | |
| | | 17,100 | | | | NTT Docomo, Inc. | | | | | 431,362 | | | | | | 0.9 | | |
| | | 20,200 | | | | Sekisui House Ltd. | | | | | 358,262 | | | | | | 0.8 | | |
| | | 12,800 | | | | Subaru Corp. | | | | | 342,470 | | | | | | 0.7 | | |
| | | 22,900 | | | | Sumitomo Corp. | | | | | 343,224 | | | | | | 0.7 | | |
| | | 4,200 | | | | West Japan Railway Co. | | | | | 353,846 | | | | | | 0.7 | | |
| | | 400,794 | | | | Other Securities | | | | | 7,256,944 | | | | | | 15.1 | | |
| | | | | | | | | | | | 11,751,135 | | | | | | 24.5 | | |
| | | | | | | Luxembourg: 0.4% | | ||||||||||||
| | | 7,423 | | | | Other Securities | | | | | 185,407 | | | | | | 0.4 | | |
| | | | | | | Netherlands: 7.2% | | ||||||||||||
| | | 14,036 | (2) | | ABN AMRO Bank NV | | | | | 248,931 | | | | | | 0.5 | | | |
| | | 15,805 | | | | Koninklijke Ahold Delhaize NV | | | | | 370,237 | | | | | | 0.8 | | |
| | | 48,626 | | | | Koninklijke KPN NV | | | | | 154,013 | | | | | | 0.3 | | |
| | | 36,967 | | | | Royal Dutch Shell PLC - Class A | | | | | 1,027,059 | | | | | | 2.1 | | |
| | | 14,020 | | | | Unilever NV | | | | | 869,914 | | | | | | 1.8 | | |
| | | 5,231 | | | | Wolters Kluwer NV | | | | | 376,556 | | | | | | 0.8 | | |
| | | 27,785 | | | | Other Securities | | | | | 434,907 | | | | | | 0.9 | | |
| | | | | | | | | | | | 3,481,617 | | | | | | 7.2 | | |
| | | | | | | New Zealand: 0.2% | | ||||||||||||
| | | 39,753 | | | | Other Securities | | | | | 110,670 | | | | | | 0.2 | | |
| | | | | | | Norway: 1.1% | | ||||||||||||
| | | 13,083 | | | | Mowi ASA | | | | | 312,955 | | | | | | 0.7 | | |
| | | 22,121 | | | | Other Securities | | | | | 202,671 | | | | | | 0.4 | | |
| | | | | | | | | | | | 515,626 | | | | | | 1.1 | | |
| | | | | | | Singapore: 2.2% | | ||||||||||||
| | | 149,600 | | | | Singapore Telecommunications Ltd. | | | | | 341,238 | | | | | | 0.7 | | |
| | | 278,100 | | | | Other Securities | | | | | 716,128 | | | | | | 1.5 | | |
| | | | | | | | | | | | 1,057,366 | | | | | | 2.2 | | |
| | | | | | | Spain: 2.7% | | ||||||||||||
| | | 1,742 | (2) | | Aena SME SA | | | | | 314,530 | | | | | | 0.7 | | | |
| | | 12,240 | | | | Ferrovial SA - FERE | | | | | 348,394 | | | | | | 0.7 | | |
| | | 23,076 | | | | Other Securities | | | | | 626,249 | | | | | | 1.3 | | |
| | | | | | | | | | | | 1,289,173 | | | | | | 2.7 | | |
| | | | | | | Sweden: 0.6% | | ||||||||||||
| | | 19,827 | | | | Other Securities | | | | | 315,209 | | | | | | 0.6 | | |
Voya International 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) | | ||||||||||||||||||
| | | | | | | Switzerland: 8.6% | | ||||||||||||
| | | 128 | | | | Givaudan | | | | $ | 347,104 | | | | | | 0.7 | | |
| | | 12,678 | | | | Nestle SA | | | | | 1,424,683 | | | | | | 3.0 | | |
| | | 8,710 | | | | Novartis AG | | | | | 785,248 | | | | | | 1.6 | | |
| | | 3,510 | | | | Roche Holding AG | | | | | 959,144 | | | | | | 2.0 | | |
| | | 1,422 | | | | Zurich Insurance Group AG | | | | | 506,739 | | | | | | 1.1 | | |
| | | 708 | | | | Other Securities | | | | | 103,151 | | | | | | 0.2 | | |
| | | | | | | | | | | | 4,126,069 | | | | | | 8.6 | | |
| | | | | | | United Kingdom: 13.2% | | ||||||||||||
| | | 40,511 | (2) | | Auto Trader Group PLC | | | | | 262,619 | | | | | | 0.5 | | | |
| | | 56,636 | | | | BAE Systems PLC | | | | | 376,636 | | | | | | 0.8 | | |
| | | 6,238 | | | | Coca-Cola European Partners PLC - USD | | | | | 351,449 | | | | | | 0.7 | | |
| | | 16,273 | | | | Compass Group PLC | | | | | 412,721 | | | | | | 0.9 | | |
| | | 30,987 | | | | GlaxoSmithKline PLC | | | | | 645,748 | | | | | | 1.3 | | |
| | | 222,745 | | | | Vodafone Group PLC | | | | | 421,436 | | | | | | 0.9 | | |
| | | 1,182,186 | | | | Other Securities | | | | | 3,868,318 | | | | | | 8.1 | | |
| | | | | | | | | | | | 6,338,927 | | | | | | 13.2 | | |
| | | | | | | Total Common Stock (Cost $48,640,030) | | | | | 46,870,855 | | | | | | 97.6 | | |
| EXCHANGE-TRADED FUNDS: 1.1% | | ||||||||||||||||||
| | | 8,611 | | | | iShares MSCI EAFE ETF | | | | | 544,302 | | | | | | 1.1 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $558,092) | | | | | 544,302 | | | | | | 1.1 | | |
| | | | | | | Total Investments in Securities (Cost $49,198,122) | | | | $ | 47,415,157 | | | | | | 98.7 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 617,148 | | | | | | 1.3 | | |
| | | | | | | Net Assets | | | | $ | 48,032,305 | | | | | | 100.0 | | |
|
Sector Diversification | | | Percentage of Net Assets | | |||
Industrials | | | | | 17.1% | | |
Financials | | | | | 17.0 | | |
Consumer Staples | | | | | 13.6 | | |
Health Care | | | | | 10.4 | | |
Consumer Discretionary | | | | | 8.5 | | |
Communication Services | | | | | 6.9 | | |
Materials | | | | | 5.5 | | |
Utilities | | | | | 5.5 | | |
Information Technology | | | | | 5.0 | | |
Real Estate | | | | | 4.8 | | |
Energy | | | | | 3.3 | | |
Exchange-Traded Funds | | | | | 1.1 | | |
Assets in Excess of Other Liabilities | | | | | 1.3 | | |
Net Assets | | | | | 100.0% | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs# (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at August 31, 2019 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Common Stock | | | | | | ||||||||||||||||||||
Australia | | | | $ | — | | | | | $ | 3,779,107 | | | | | $ | — | | | | | $ | 3,779,107 | | |
Belgium | | | | | — | | | | | | 159,810 | | | | | | — | | | | | | 159,810 | | |
China | | | | | — | | | | | | 126,121 | | | | | | — | | | | | | 126,121 | | |
Denmark | | | | | — | | | | | | 1,335,857 | | | | | | — | | | | | | 1,335,857 | | |
Finland | | | | | — | | | | | | 1,040,363 | | | | | | — | | | | | | 1,040,363 | | |
France | | | | | 366,262 | | | | | | 3,797,168 | | | | | | — | | | | | | 4,163,430 | | |
Germany | | | | | 144,417 | | | | | | 2,519,469 | | | | | | — | | | | | | 2,663,886 | | |
Voya International 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 | | ||||||||||||
Hong Kong | | | | | — | | | | | | 1,563,472 | | | | | | — | | | | | | 1,563,472 | | |
Ireland | | | | | — | | | | | | 56,929 | | | | | | — | | | | | | 56,929 | | |
Israel | | | | | — | | | | | | 796,396 | | | | | | — | | | | | | 796,396 | | |
Italy | | | | | — | | | | | | 2,014,285 | | | | | | — | | | | | | 2,014,285 | | |
Japan | | | | | 202,124 | | | | | | 11,549,011 | | | | | | — | | | | | | 11,751,135 | | |
Luxembourg | | | | | 100,514 | | | | | | 84,893 | | | | | | — | | | | | | 185,407 | | |
Netherlands | | | | | — | | | | | | 3,481,617 | | | | | | — | | | | | | 3,481,617 | | |
New Zealand | | | | | — | | | | | | 110,670 | | | | | | — | | | | | | 110,670 | | |
Norway | | | | | — | | | | | | 515,626 | | | | | | — | | | | | | 515,626 | | |
Singapore | | | | | — | | | | | | 1,057,366 | | | | | | — | | | | | | 1,057,366 | | |
Spain | | | | | — | | | | | | 1,289,173 | | | | | | — | | | | | | 1,289,173 | | |
Sweden | | | | | — | | | | | | 315,209 | | | | | | — | | | | | | 315,209 | | |
Switzerland | | | | | — | | | | | | 4,126,069 | | | | | | — | | | | | | 4,126,069 | | |
United Kingdom | | | | | 351,449 | | | | | | 5,987,478 | | | | | | — | | | | | | 6,338,927 | | |
Total Common Stock | | | | | 1,164,766 | | | | | | 45,706,089 | | | | | | — | | | | | | 46,870,855 | | |
Exchange-Traded Funds | | | | | 544,302 | | | | | | — | | | | | | — | | | | | | 544,302 | | |
Total Investments, at fair value | | | | $ | 1,709,068 | | | | | $ | 45,706,089 | | | | | $ | — | | | | | $ | 47,415,157 | | |
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Forward Foreign Currency Contracts | | | | | — | | | | | | 35 | | | | | | — | | | | | | 35 | | |
Total Assets | | | | $ | 1,709,068 | | | | | $ | 45,706,124 | | | | | $ | — | | | | | $ | 47,415,192 | | |
Liabilities Table | | | | | | ||||||||||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Written Options | | | | $ | — | | | | | $ | (428,079) | | | | | $ | — | | | | | $ | (428,079) | | |
Total Liabilities | | | | $ | — | | | | | $ | (428,079) | | | | | $ | — | | | | | $ | (428,079) | | |
|
Currency Purchased | | | Currency Sold | | | Counterparty | | | Settlement Date | | | Unrealized Appreciation (Depreciation) | | |||
USD 4,465 | | | EUR 4,030 | | | The Bank of New York Mellon | | | 09/03/19 | | | | $ | 35 | | |
| | | | | | | | | | | | | $ | 35 | | |
|
Voya International 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 | | |||||||||||||||
EURO STOXX 50® Index | | | Morgan Stanley & Co. International PLC | | | | | Call | | | | | | 09/13/19 | | | | EUR 3,329.080 | | | | | 1,651 | | | | EUR 5,657,580 | | | | $ | 123,144 | | | | | $ | (197,286) | | |
FTSE 100 Index | | | Morgan Stanley & Co. International PLC | | | | | Call | | | | | | 09/13/19 | | | | GBP 7,117.150 | | | | | 422 | | | | GBP 3,041,430 | | | | | 59,465 | | | | | | (66,441) | | |
Nikkei 225 Index | | | Morgan Stanley & Co. International PLC | | | | | Call | | | | | | 09/11/19 | | | | JPY 20,364.240 | | | | | 22,294 | | | | JPY 461,583,225 | | | | | 87,110 | | | | | | (97,421) | | |
S&P/ASX 200 Index | | | Societe Generale | | | | | Call | | | | | | 09/11/19 | | | | AUD 6,396.860 | | | | | 516 | | | | AUD 3,407,775 | | | | | 25,739 | | | | | | (66,931) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 295,458 | | | | | $ | (428,079) | | |
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 | | | | $ | 35 | | |
Total Asset Derivatives | | | | | | | $ | 35 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Written options, at fair value | | | | $ | 428,079 | | |
Total Liability Derivatives | | | | | | | $ | 428,079 | | |
Derivatives not accounted for as hedging instruments | | | Forward foreign currency contracts | | | Written options | | | Total | | |||||||||
Equity contracts | | | | $ | — | | | | | $ | (292,118) | | | | | $ | (292,118) | | |
Foreign exchange contracts | | | | | (7,116) | | | | | | — | | | | | | (7,116) | | |
Total | | | | $ | (7,116) | | | | | $ | (292,118) | | | | | $ | (299,234) | | |
Derivatives not accounted for as hedging instruments | | | Forward foreign currency contracts | | | Written options | | | Total | | |||||||||
Equity contracts | | | | $ | — | | | | | $ | (6,436) | | | | | $ | (6,436) | | |
Foreign exchange contracts | | | | | 35 | | | | | | — | | | | | | 35 | | |
Total | | | | $ | 35 | | | | | $ | (6,436) | | | | | $ | (6,401) | | |
|
Voya International High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2019 (Unaudited) (continued) |
| | | Morgan Stanley & Co. International PLC | | | Societe Generale | | | The Bank of New York Mellon | | | Totals | | ||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | | | | | | | $ | — | | | | | $ | 35 | | | | | $ | 35 | | |
Total Assets | | | | | | | | | | $ | — | | | | | $ | 35 | | | | | $ | 35 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Written options | | | | $ | 361,148 | | | | | $ | 66,931 | | | | | $ | — | | | | | $ | 428,079 | | |
Total Liabilities | | | | $ | 361,148 | | | | | $ | 66,931 | | | | | $ | — | | | | | $ | 428,079 | | |
Net OTC derivative instruments by counterparty, at fair value | | | | $ | (361,148) | | | | | $ | (66,931) | | | | | $ | 35 | | | | | $ | (428,044) | | |
Total collateral pledged by the Fund/(Received from counterparty) | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Net Exposure(1) | | | | $ | (361,148) | | | | | $ | (66,931) | | | | | $ | 35 | | | | | $ | (428,044) | | |
| Cost for federal income tax purposes was $48,923,197. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 2,058,541 | | |
| Gross Unrealized Depreciation | | | | | (3,982,363) | | |
| Net Unrealized Depreciation | | | | $ | (1,923,822) | | |
| | | | | | Proposal | | | Shares voted for | | | Shares voted against or withheld | | | Shares abstained | | | Broker non-vote | | | Total Shares Voted | | ||||||||||||||||||
Class III Trustees | | | Voya International High Dividend Equity Income Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | John V. Boyer | | | | | 1* | | | | | | 7,045,817.880 | | | | | | 317,678.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 7,363,495.880 | | |
| | | Patricia W. Chadwick | | | | | 1* | | | | | | 7,066,222.880 | | | | | | 297,273.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 7,363,495.880 | | |
| | | Sheryl K. Pressler | | | | | 1* | | | | | | 7,066,222.880 | | | | | | 297,273.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 7,363,495.880 | | |
| | | Christopher P. Sullivan | | | | | 1* | | | | | | 7,050,204.880 | | | | | | 313,291.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 7,363,495.880 | | |
| Declaration Date | | | Ex Date | | | Record Date | | | Payable Date | |
| January 15, 2019 | | | February 1, 2019 | | | February 4, 2019 | | | February 15, 2019 | |
| February 15, 2019 | | | March 1, 2019 | | | March 4, 2019 | | | March 15, 2019 | |
| March 20, 2019 | | | April 1, 2019 | | | April 2, 2019 | | | April 15, 2019 | |
| April 15, 2019 | | | May 1, 2019 | | | May 2, 2019 | | | May 15, 2019 | |
| May 15, 2019 | | | June 3, 2019 | | | June 4, 2019 | | | June 17, 2019 | |
| June 17, 2019 | | | July 1, 2019 | | | July 2, 2019 | | | July 15, 2019 | |
| July 15, 2019 | | | August 1, 2019 | | | August 2, 2019 | | | August 15, 2019 | |
| August 15, 2019 | | | September 3, 2019 | | | September 4, 2019 | | | September 16, 2019 | |
| September 16, 2019 | | | October 1, 2019 | | | October 2, 2019 | | | October 15, 2019 | |
| October 15, 2019 | | | November 1, 2019 | | | November 4, 2019 | | | November 15, 2019 | |
| November 15, 2019 | | | December 2, 2019 | | | December 3, 2019 | | | December 16, 2019 | |
| December 16, 2019 | | | December 30, 2019 | | | December 31, 2019 | | | January 15, 2020 | |
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
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480 Washington Boulevard
Jersey City, New Jersey 07310-1900
The Bank of New York Mellon
225 Liberty 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.
![[MISSING IMAGE: lg_voya-r.jpg]](https://capedge.com/proxy/N-CSRS/0001104659-19-061655/lg_voya-r.jpg)
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.
PORTFOLIO OF INVESTMENTS | ||
Voya International High Dividend Equity Income Fund | AS OF August 31, 2019 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 97.6% | ||||||||||||||
Australia: 7.9% | ||||||||||||||
21,326 | AGL Energy Ltd. | $ | 271,861 | 0.6 | ||||||||||
148,802 | Alumina Ltd. | 217,371 | 0.5 | |||||||||||
90,680 | Aurizon Holdings Ltd. | 360,520 | 0.7 | |||||||||||
72,473 | AusNet Services | 87,788 | 0.2 | |||||||||||
6,272 | BHP Group Ltd. | 153,961 | 0.3 | |||||||||||
64,105 | Boral Ltd. | 183,443 | 0.4 | |||||||||||
34,987 | Coca-Cola Amatil Ltd. | 255,964 | 0.5 | |||||||||||
21,244 | Crown Resorts Ltd. | 171,928 | 0.4 | |||||||||||
37,254 | Harvey Norman Holdings Ltd. | 109,851 | 0.2 | |||||||||||
2,270 | Macquarie Group Ltd. | 189,245 | 0.4 | |||||||||||
109,281 | Scentre Group | 297,037 | 0.6 | |||||||||||
13,067 | Sonic Healthcare Ltd. | 258,666 | 0.5 | |||||||||||
132,029 | South32 Ltd. - AUD | 233,302 | 0.5 | |||||||||||
42,375 | Stockland | 128,827 | 0.3 | |||||||||||
55,794 | Sydney Airport | 316,426 | 0.7 | |||||||||||
6,976 | Transurban Group - Stapled Security | 70,219 | 0.1 | |||||||||||
133,018 | Vicinity Centres | 231,874 | 0.5 | |||||||||||
4,898 | Washington H Soul Pattinson & Co. Ltd. | 68,806 | 0.1 | |||||||||||
6,762 | Woolworths Group Ltd. | 172,018 | 0.4 | |||||||||||
3,779,107 | 7.9 | |||||||||||||
Belgium: 0.3% | ||||||||||||||
3,121 | Colruyt S.A. | 159,810 | 0.3 | |||||||||||
China: 0.3% | ||||||||||||||
37,500 | BOC Hong Kong Holdings Ltd. | 126,121 | 0.3 | |||||||||||
Denmark: 2.8% | ||||||||||||||
2,546 | Carlsberg A/S | 376,064 | 0.8 | |||||||||||
3,095 | Coloplast A/S | 368,952 | 0.8 | |||||||||||
11,340 | Novo Nordisk A/S | 590,841 | 1.2 | |||||||||||
1,335,857 | 2.8 | |||||||||||||
Finland: 2.2% | ||||||||||||||
7,655 | Nokian Renkaat OYJ | 209,826 | 0.4 | |||||||||||
31,378 | Nordea Bank Abp | 196,247 | 0.4 | |||||||||||
2,030 | Orion Oyj | 75,445 | 0.2 | |||||||||||
7,910 | Sampo OYJ | 314,272 | 0.7 | |||||||||||
9,050 | UPM-Kymmene OYJ | 244,573 | 0.5 | |||||||||||
1,040,363 | 2.2 | |||||||||||||
France: 8.7% | ||||||||||||||
6,139 | Alstom SA | 262,481 | 0.5 | |||||||||||
7,383 | Bouygues SA | 280,448 | 0.6 | |||||||||||
469 | Covivio | 49,896 | 0.1 | |||||||||||
10,399 | Credit Agricole SA | 118,542 | 0.2 | |||||||||||
4,325 | Danone | 387,473 | 0.8 | |||||||||||
1,434 | Edenred | 69,827 | 0.1 | |||||||||||
3,111 | Eiffage SA | 322,371 | 0.7 | |||||||||||
24,717 | Engie SA | 375,816 | 0.8 | |||||||||||
12,018 | Getlink SE | 169,108 | 0.3 | |||||||||||
7,916 | Klepierre SA | 241,612 | 0.5 | |||||||||||
9,272 | Orange SA | 140,873 | 0.3 | |||||||||||
2,015 | Peugeot S.A. | 45,049 | 0.1 | |||||||||||
7,122 | Sanofi | 611,832 | 1.3 | |||||||||||
1,246 | Societe BIC S.A. | 79,620 | 0.2 | |||||||||||
10,675 | Societe Generale | 270,233 | 0.6 | |||||||||||
2,792 | Sodexo SA | 316,366 | 0.7 | |||||||||||
12,193 | SUEZ | 189,308 | 0.4 | |||||||||||
3,117 | Total SA | 155,658 | 0.3 | |||||||||||
704 | Vinci SA | 76,917 | 0.2 | |||||||||||
4,163,430 | 8.7 | |||||||||||||
Germany: 5.5% | ||||||||||||||
331 | Adidas AG | 98,113 | 0.2 | |||||||||||
6,976 | Aroundtown SA | 58,044 | 0.1 | |||||||||||
5,588 | BASF SE | 369,740 | 0.8 | |||||||||||
2,643 | Deutsche Boerse AG | 388,343 | 0.8 | |||||||||||
7,509 | Deutsche Lufthansa AG | 115,738 | 0.2 | |||||||||||
11,735 | Deutsche Post AG | 385,090 | 0.8 | |||||||||||
19,784 | Deutsche Telekom AG | 330,286 | 0.7 | |||||||||||
1,306 | Deutsche Wohnen SE | 46,304 | 0.1 | |||||||||||
1,881 | Hannover Rueck SE | 299,643 | 0.6 | |||||||||||
1,300 | SAP SE | 155,190 | 0.3 | |||||||||||
1,832 | Siemens AG | 183,204 | 0.4 | |||||||||||
60,690 | Telefonica Deutschland Holding AG | 154,552 | 0.3 | |||||||||||
7,980 | TUI AG | 79,639 | 0.2 | |||||||||||
2,663,886 | 5.5 | |||||||||||||
Hong Kong: 3.2% | ||||||||||||||
26,500 | CK Hutchison Holdings Ltd. | 230,360 | 0.5 | |||||||||||
29,493 | CLP Holdings Ltd. | 303,518 | 0.6 | |||||||||||
14,900 | Hang Seng Bank Ltd. | 310,383 | 0.6 | |||||||||||
112,000 | HKT Trust / HKT Ltd. | 174,959 | 0.4 | |||||||||||
2,200 | Jardine Matheson Holdings Ltd. | 119,631 | 0.2 | |||||||||||
26,000 | NWS Holdings Ltd. | 44,696 | 0.1 | |||||||||||
149,000 | PCCW Ltd. | 80,702 | 0.2 | |||||||||||
45,000 | Power Assets Holdings Ltd. | 299,223 | 0.6 | |||||||||||
1,563,472 | 3.2 | |||||||||||||
Ireland: 0.1% | ||||||||||||||
22,514 | AIB Group PLC | 56,929 | 0.1 | |||||||||||
Israel: 1.7% | ||||||||||||||
31,254 | (1) | Bank Hapoalim BM | 229,306 | 0.5 | ||||||||||
32,912 | Bank Leumi Le-Israel BM | 224,258 | 0.5 | |||||||||||
458 | Elbit Systems Ltd. | 70,714 | 0.1 | |||||||||||
16,498 | Israel Chemicals Ltd. | 74,508 | 0.2 | |||||||||||
25,568 | Israel Discount Bank Ltd. | 106,407 | 0.2 | |||||||||||
3,959 | Mizrahi Tefahot Bank Ltd. | 91,203 | 0.2 | |||||||||||
796,396 | 1.7 | |||||||||||||
Italy: 4.2% | ||||||||||||||
19,875 | Assicurazioni Generali S.p.A. | 361,276 | 0.8 | |||||||||||
6,917 | Enel S.p.A. | 50,181 | 0.1 | |||||||||||
22,213 | ENI S.p.A. | 335,270 | 0.7 | |||||||||||
163,920 | Intesa Sanpaolo SpA | 360,698 | 0.8 | |||||||||||
29,890 | Mediobanca Banca di Credito Finanziario SpA | 297,055 | 0.6 | |||||||||||
5,887 | Recordati S.p.A. | 258,305 | 0.5 | |||||||||||
60,179 | Snam SpA | 305,193 | 0.6 | |||||||||||
7,349 | Terna Rete Elettrica Nazionale SpA | 46,307 | 0.1 | |||||||||||
2,014,285 | 4.2 | |||||||||||||
Japan: 24.5% | ||||||||||||||
2,200 | ABC-Mart, Inc. | 140,518 | 0.3 | |||||||||||
5,300 | Alfresa Holdings Corp. | 119,876 | 0.3 | |||||||||||
8,500 | ANA Holdings, Inc. | 290,425 | 0.6 | |||||||||||
5,300 | Aozora Bank Ltd. | 122,346 | 0.3 | |||||||||||
12,800 | Canon, Inc. | 331,847 | 0.7 |
PORTFOLIO OF INVESTMENTS | ||
Voya International High Dividend Equity Income Fund | AS OF August 31, 2019 (Unaudited) (CONTINUED) |
96 | Daiwa House REIT Investment Corp. | 253,356 | 0.5 | |||||||||||
51,100 | Daiwa Securities Group, Inc. | 219,869 | 0.5 | |||||||||||
7,500 | Fuji Film Holdings Corp. | 320,778 | 0.7 | |||||||||||
3,700 | Hamamatsu Photonics KK | 127,662 | 0.3 | |||||||||||
7,900 | Japan Airlines Co. Ltd. | 246,572 | 0.5 | |||||||||||
21,300 | Japan Post Holdings Co. Ltd. | 193,555 | 0.4 | |||||||||||
26 | Japan Prime Realty Investment Corp. | 118,699 | 0.3 | |||||||||||
101 | Japan Retail Fund Investment Corp. | 202,123 | 0.4 | |||||||||||
17,100 | JFE Holdings, Inc. | 199,805 | 0.4 | |||||||||||
3,700 | Kajima Corp. | 44,975 | 0.1 | |||||||||||
5,300 | Konami Holdings Corp. | 240,170 | 0.5 | |||||||||||
26,600 | Konica Minolta, Inc. | 188,901 | 0.4 | |||||||||||
1,100 | Kyocera Corp. | 65,288 | 0.1 | |||||||||||
8,500 | Kyushu Railway Co. | 254,873 | 0.5 | |||||||||||
4,200 | Lawson, Inc. | 208,452 | 0.4 | |||||||||||
2,200 | Maruichi Steel Tube Ltd. | 53,439 | 0.1 | |||||||||||
2,200 | McDonald’s Holdings Co. Japan Ltd. | 103,198 | 0.2 | |||||||||||
8,500 | Medipal Holdings Corp. | 180,426 | 0.4 | |||||||||||
2,600 | MEIJI Holdings Co., Ltd. | 180,501 | 0.4 | |||||||||||
13,800 | Mitsubishi Corp. | 335,631 | 0.7 | |||||||||||
7,900 | Mitsubishi Heavy Industries Ltd. | 296,558 | 0.6 | |||||||||||
22,900 | Mitsui & Co., Ltd. | 358,250 | 0.8 | |||||||||||
7,500 | MS&AD Insurance Group Holdings, Inc. | 238,052 | 0.5 | |||||||||||
258,400 | Mizuho Financial Group, Inc. | 375,465 | 0.8 | |||||||||||
7,900 | NEC Corp. | 338,139 | 0.7 | |||||||||||
75 | Nippon Prologis REIT, Inc. | 203,151 | 0.4 | |||||||||||
42 | Nippon Building Fund, Inc. | 308,359 | 0.6 | |||||||||||
4,200 | Nippon Electric Glass Co., Ltd. | 87,021 | 0.2 | |||||||||||
11,700 | Nippon Steel Corp. | 163,397 | 0.3 | |||||||||||
39,400 | Nissan Motor Co., Ltd. | 243,432 | 0.5 | |||||||||||
17,100 | NTT Docomo, Inc. | 431,363 | 0.9 | |||||||||||
2,200 | Oracle Corp. Japan | 189,206 | 0.4 | |||||||||||
4,200 | ORIX Corp. | 61,971 | 0.1 | |||||||||||
25,600 | Ricoh Co., Ltd. | 236,611 | 0.5 | |||||||||||
3,200 | Sankyo Co., Ltd. | 110,703 | 0.2 | |||||||||||
19,100 | Seiko Epson Corp. | 253,699 | 0.5 | |||||||||||
20,200 | Sekisui House Ltd. | 358,262 | 0.8 | |||||||||||
8,500 | Seven & I Holdings Co., Ltd. | 300,614 | 0.6 | |||||||||||
12,800 | Subaru Corp. | 342,470 | 0.7 | |||||||||||
22,900 | Sumitomo Corp. | 343,224 | 0.7 | |||||||||||
7,500 | Sumitomo Mitsui Financial Group, Inc. | 245,762 | 0.5 | |||||||||||
5,900 | Sundrug Co., Ltd. | 183,404 | 0.4 | |||||||||||
2,200 | Suzuken Co., Ltd. | 118,118 | 0.3 | |||||||||||
1,600 | Taisei Corp. | 56,545 | 0.1 | |||||||||||
11,200 | Teijin Ltd. | 201,107 | 0.4 | |||||||||||
4,200 | Toyo Suisan Kaisha Ltd. | 170,885 | 0.4 | |||||||||||
96 | United Urban Investment Corp. | 179,987 | 0.4 | |||||||||||
4,200 | West Japan Railway Co. | 353,846 | 0.7 | |||||||||||
54,900 | Yamada Denki Co., Ltd. | 258,249 | 0.5 | |||||||||||
11,751,135 | 24.5 | |||||||||||||
Luxembourg: 0.4% | ||||||||||||||
2,158 | RTL Group SA | 100,514 | 0.2 | |||||||||||
5,265 | SES S.A. - Luxembourg | 84,893 | 0.2 | |||||||||||
185,407 | 0.4 | |||||||||||||
Netherlands: 7.2% | ||||||||||||||
14,036 | (2) | ABN AMRO Bank NV | 248,931 | 0.5 | ||||||||||
20,711 | ING Groep NV | 197,866 | 0.4 | |||||||||||
15,805 | Koninklijke Ahold Delhaize NV | 370,237 | 0.8 | |||||||||||
48,626 | Koninklijke KPN NV | 154,013 | 0.3 | |||||||||||
7,074 | NN Group NV | 237,041 | 0.5 | |||||||||||
36,967 | Royal Dutch Shell PLC - Class A | 1,027,059 | 2.1 | |||||||||||
14,020 | Unilever NV | 869,914 | 1.8 | |||||||||||
5,231 | Wolters Kluwer NV | 376,556 | 0.8 | |||||||||||
3,481,617 | 7.2 | |||||||||||||
New Zealand: 0.2% | ||||||||||||||
39,753 | Spark New Zealand Ltd. | 110,670 | 0.2 | |||||||||||
Norway: 1.1% | ||||||||||||||
13,083 | Mowi ASA | 312,955 | 0.7 | |||||||||||
22,121 | Orkla ASA | 202,671 | 0.4 | |||||||||||
515,626 | 1.1 | |||||||||||||
Singapore: 2.2% | ||||||||||||||
96,000 | ComfortDelgro Corp.,��Ltd. | 169,340 | 0.4 | |||||||||||
2,600 | Jardine Cycle & Carriage Ltd. | 57,753 | 0.1 | |||||||||||
13,800 | SATS Ltd. | 47,711 | 0.1 | |||||||||||
15,400 | Singapore Airlines Ltd. | 98,001 | 0.2 | |||||||||||
27,200 | Singapore Exchange Ltd. | 160,571 | 0.3 | |||||||||||
149,600 | Singapore Telecommunications Ltd. | 341,238 | 0.7 | |||||||||||
46,900 | Singapore Technologies Engineering Ltd. | 132,930 | 0.3 | |||||||||||
76,200 | Yangzijiang Shipbuilding Holdings Ltd. | 49,822 | 0.1 | |||||||||||
1,057,366 | 2.2 | |||||||||||||
Spain: 2.7% | ||||||||||||||
1,742 | (2) | Aena SME SA | 314,530 | 0.7 | ||||||||||
1,459 | Amadeus IT Group SA | 108,798 | 0.2 | |||||||||||
9,706 | Enagas | 211,329 | 0.5 | |||||||||||
11,911 | Endesa S.A. | 306,122 | 0.6 | |||||||||||
12,240 | Ferrovial SA - FERE | 348,394 | 0.7 | |||||||||||
1,289,173 | 2.7 | |||||||||||||
Sweden: 0.6% | ||||||||||||||
17,547 | Swedbank AB | 225,752 | 0.4 | |||||||||||
2,280 | Swedish Match AB | 89,457 | 0.2 | |||||||||||
315,209 | 0.6 | |||||||||||||
Switzerland: 8.6% | ||||||||||||||
128 | Givaudan | 347,104 | 0.7 | |||||||||||
708 | Kuehne & Nagel International AG | 103,151 | 0.2 | |||||||||||
12,678 | Nestle SA | 1,424,683 | 3.0 | |||||||||||
8,710 | Novartis AG | 785,248 | 1.6 | |||||||||||
3,510 | Roche Holding AG | 959,144 | 2.0 | |||||||||||
1,422 | Zurich Insurance Group AG | 506,739 | 1.1 | |||||||||||
4,126,069 | 8.6 | |||||||||||||
United Kingdom: 13.2% | ||||||||||||||
8,789 | Admiral Group PLC | 230,321 | 0.5 | |||||||||||
40,511 | (2) | Auto Trader Group PLC | 262,619 | 0.5 | ||||||||||
67,103 | Aviva PLC | 289,693 | 0.6 | |||||||||||
56,636 | BAE Systems PLC | 376,636 | 0.8 |
See Accompanying Notes to Financial Statements
3 |
PORTFOLIO OF INVESTMENTS | ||
Voya International High Dividend Equity Income Fund | AS OF August 31, 2019 (Unaudited) (CONTINUED) |
49,522 | Barclays PLC | 82,495 | 0.2 | |||||||||||
138,424 | BT Group PLC | 278,870 | 0.6 | |||||||||||
9,625 | Bunzl PLC | 236,075 | 0.5 | |||||||||||
233,593 | Centrica PLC | 198,365 | 0.4 | |||||||||||
6,238 | Coca-Cola European Partners PLC - USD | 351,449 | 0.7 | |||||||||||
16,273 | Compass Group PLC | 412,721 | 0.8 | |||||||||||
1,806 | Diageo PLC | 77,321 | 0.2 | |||||||||||
61,952 | Direct Line Insurance Group PLC | 213,774 | 0.4 | |||||||||||
32,757 | Evraz PLC | 197,855 | 0.4 | |||||||||||
30,987 | GlaxoSmithKline PLC | 645,748 | 1.3 | |||||||||||
10,407 | Investec PLC - INVP - GBP | 53,704 | 0.1 | |||||||||||
93,424 | J Sainsbury PLC | 223,545 | 0.5 | |||||||||||
108,840 | Legal & General Group PLC | 291,603 | 0.6 | |||||||||||
94,574 | Marks & Spencer Group PLC | 222,039 | 0.5 | |||||||||||
3,873 | Next PLC | 280,362 | 0.6 | |||||||||||
11,836 | Persimmon PLC | 274,827 | 0.6 | |||||||||||
9,796 | Relx PLC (GBP Exchange) | 235,067 | 0.5 | |||||||||||
146,433 | Taylor Wimpey PLC | 260,618 | 0.5 | |||||||||||
222,745 | Vodafone Group PLC | 421,436 | 0.9 | |||||||||||
99,432 | WM Morrison Supermarkets PLC | 221,784 | 0.5 | |||||||||||
6,338,927 | 13.2 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $48,640,030) | 46,870,855 | 97.6 | ||||||||||||
EXCHANGE-TRADED FUNDS: 1.1% | ||||||||||||||
8,611 | iShares MSCI EAFE ETF | 544,302 | 1.1 | |||||||||||
Total Exchange-Traded Funds (Cost $558,092) | 544,302 | 1.1 | ||||||||||||
Total Investments in Securities (Cost $49,198,122) | $ | 47,415,157 | 98.7 | |||||||||||
Assets in Excess of Other Liabilities | 617,148 | 1.3 | ||||||||||||
Net Assets | $ | 48,032,305 | 100.0 |
(1) | Non-income producing security. |
(2) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
See Accompanying Notes to Financial Statements
4 |
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 International 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