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: 811-22144
Voya Infrastructure, Industrials and Materials Fund
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ | 85258 | |
(Address of principal executive offices) | (Zip code) |
The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
Date of fiscal year end: February 28
Date of reporting period: March 1, 2022 to August 31, 2022
Item 1. Reports to Stockholders.
The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):
| | As permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of the fund’s annual and semi-annual shareholder reports, like this semi-annual report, are not sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Voya funds’ website (www.voyainvestments.com/literature), and you will be notified by mail each time a report is posted and provided with a website link to access the report. | | |
| | If you already elected to receive shareholder reports electronically, you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by calling 1-800-992-0180 or by sending an e-mail request to Voyaim_literature@voya.com. | | |
| | You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions to elect to continue receiving paper copies of your shareholder reports. If you received this document through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with us, you can call 1-800-992-0180 or send an email request to Voyaim_literature@voya.com to let a fund know you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the Voya funds complex if you invest directly with the funds. | | |
| | This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the fund’s investment objectives, risks, charges, expenses and other information. This information should be read carefully. | | |
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| | 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. | | |
| ASSETS: | | | | | | | |
| Investments in securities at fair value* | | | | $ | 177,338,693 | | |
| Short-term investments at fair value† | | | | | 1,677,000 | | |
| Cash | | | | | 1,781,550 | | |
| Foreign currencies at value‡ | | | | | 100,796 | | |
| Receivables: | | | | | | | |
| Dividends | | | | | 463,163 | | |
| Foreign tax reclaims | | | | | 364,063 | | |
| Prepaid expenses | | | | | 1,934 | | |
| Reimbursement due from Investment Adviser | | | | | 3,911 | | |
| Other assets | | | | | 9,042 | | |
| Total assets | | | | | 181,740,152 | | |
| LIABILITIES: | | | | | | | |
| Payable for investment securities purchased | | | | | 180,438 | | |
| Payable for fund shares repurchased | | | | | 51,446 | | |
| Payable to broker | | | | | 1,787,679 | | |
| Payable for investment management fees | | | | | 173,235 | | |
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 9,042 | | |
| Payable for trustee fees | | | | | 484 | | |
| Other accrued expenses and liabilities | | | | | 148,898 | | |
| Written options, at fair value^ | | | | | 164,491 | | |
| Total liabilities | | | | | 2,515,713 | | |
| NET ASSETS | | | | $ | 179,224,439 | | |
| NET ASSETS WERE COMPRISED OF: | | | | | | | |
| Paid-in capital | | | | $ | 174,960,446 | | |
| Total distributable earnings | | | | | 4,263,993 | | |
| NET ASSETS | | | | $ | 179,224,439 | | |
| * Cost of investments in securities | | | | $ | 181,822,435 | | |
| † Cost of short-term investments | | | | $ | 1,677,000 | | |
| ‡ Cost of foreign currencies | | | | $ | 100,376 | | |
| ^ Premiums received on written options | | | | $ | 1,434,131 | | |
| Net assets | | | | $ | 179,224,439 | | |
| Shares authorized | | | | | unlimited | | |
| Par value | | | | $ | 0.010 | | |
| Shares outstanding | | | | | 16,177,096 | | |
| Net asset value | | | | $ | 11.08 | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 3,750,667 | | |
| Total investment income | | | | | 3,750,667 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 1,073,581 | | |
| Transfer agent fees | | | | | 8,785 | | |
| Shareholder reporting expense | | | | | 33,120 | | |
| Professional fees | | | | | 23,300 | | |
| Custody and accounting expense | | | | | 55,738 | | |
| Trustee fees | | | | | 2,420 | | |
| Miscellaneous expense | | | | | 17,750 | | |
| Total expenses | | | | | 1,214,694 | | |
| Waived and reimbursed fees | | | | | (22,218) | | |
| Net expenses | | | | | 1,192,476 | | |
| Net investment income | | | | | 2,558,191 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
| Investments (net of foreign capital gains taxes withheld^) | | | | | 6,362,147 | | |
| Foreign currency related transactions | | | | | (44,321) | | |
| Written options | | | | | 4,700,660 | | |
| Net realized gain | | | | | 11,018,486 | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
| Investments (net of foreign capital gains taxes accrued#) | | | | | (30,198,926) | | |
| Foreign currency related transactions | | | | | (40,077) | | |
| Written options | | | | | 57,240 | | |
| Net change in unrealized appreciation (depreciation) | | | | | (30,181,763) | | |
| Net realized and unrealized loss | | | | | (19,163,277) | | |
| Decrease in net assets resulting from operations | | | | $ | (16,605,086) | | |
| * Foreign taxes withheld | | | | $ | 312,944 | | |
| ^ Foreign capital gains taxes withheld | | | | $ | 89,800 | | |
| | | Six Months Ended August 31, 2022 (Unaudited) | | | Year Ended February 28, 2022 | | ||||||
FROM OPERATIONS: | | | | | | | | | | | | | |
Net investment income | | | | $ | 2,558,191 | | | | | $ | 3,393,235 | | |
Net realized gain | | | | | 11,018,486 | | | | | | 36,483,401 | | |
Net change in unrealized appreciation (depreciation) | | | | | (30,181,763) | | | | | | (18,911,116) | | |
Increase (decrease) in net assets resulting from operations | | | | | (16,605,086) | | | | | | 20,965,520 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | |
Total distributions (excluding return of capital): | | | | | (7,493,421) | | | | | | (10,496,996) | | |
Return of capital | | | | | — | | | | | | (5,088,362) | | |
Total distributions | | | | | (7,493,421) | | | | | | (15,585,358) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | — | | | | | | 37,501 | | |
| | | | | — | | | | | | 37,501 | | |
Cost of shares repurchased | | | | | (3,481,355) | | | | | | — | | |
Cost of shares repurchased in tender offer (Note 7) | | | | | — | | | | | | (26,084,214) | | |
Net decrease in net assets resulting from capital share transactions | | | | | (3,481,355) | | | | | | (26,046,713) | | |
Net decrease in net assets | | | | | (27,579,862) | | | | | | (20,666,551) | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 206,804,301 | | | | | | 227,470,852 | | |
End of year or period | | | | $ | 179,224,439 | | | | | $ | 206,804,301 | | |
| | | Per Share Operating Performance | | | Ratios and Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income gain (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Accretion to net asset value due to tender offer | | | Net asset value, end of year or period | | | Market value, end of year or period | | | Total investment return at net asset value(1) | | | Total investment return at market value(2) | | | Net assets, end of year or period (000’s) | | | Gross expenses prior to expense waiver/ recoupment(3) | | | Net expenses after expense waiver/ recoupment(3)(4) | | | Net investment income (loss)(3)(4) | | | Portfolio turnover rate | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | | (%) | | | (%) | | | (%) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
08-31-22+ | | | | | 12.53 | | | | | | 0.16• | | | | | | (1.15) | | | | | | (0.99) | | | | | | 0.46 | | | | | | — | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 11.08 | | | | | | 9.93 | | | | | | (7.67) | | | | | | (6.17) | | | | | | 179,224 | | | | | | 1.25 | | | | | | 1.22 | | | | | | 2.63 | | | | | | 37 | | |
02-28-22 | | | | | 12.28 | | | | | | 0.20• | | | | | | 0.94 | | | | | | 1.14 | | | | | | 0.20 | | | | | | 0.41 | | | | | | 0.31 | | | | | | 0.92 | | | | | | 0.03 | | | | | | 12.53 | | | | | | 11.05 | | | | | | 9.79 | | | | | | 1.10 | | | | | | 206,804 | | | | | | 1.32 | | | | | | 1.30 | | | | | | 1.54 | | | | | | 64 | | |
02-28-21 | | | | | 11.60 | | | | | | 0.18• | | | | | | 1.42 | | | | | | 1.60 | | | | | | 0.15 | | | | | | — | | | | | | 0.77 | | | | | | 0.92 | | | | | | — | | | | | | 12.28 | | | | | | 11.76 | | | | | | 16.49 | | | | | | 28.50 | | | | | | 227,471 | | | | | | 1.23 | | | | | | 1.22 | | | | | | 1.57 | | | | | | 58 | | |
02-29-20 | | | | | 13.74 | | | | | | 0.23 | | | | | | (1.33) | | | | | | (1.10) | | | | | | 0.25 | | | | | | 0.15 | | | | | | 0.64 | | | | | | 1.04 | | | | | | — | | | | | | 11.60 | | | | | | 10.07 | | | | | | (7.93) | | | | | | (13.53) | | | | | | 223,662 | | | | | | 1.22 | | | | | | 1.22 | | | | | | 1.72 | | | | | | 36 | | |
02-28-19 | | | | | 16.38 | | | | | | 0.23• | | | | | | (1.05) | | | | | | (0.82) | | | | | | 0.22 | | | | | | 1.60 | | | | | | — | | | | | | 1.82 | | | | | | — | | | | | | 13.74 | | | | | | 12.70 | | | | | | (4.19) | | | | | | (7.02) | | | | | | 264,942 | | | | | | 1.23 | | | | | | 1.23 | | | | | | 1.56 | | | | | | 78 | | |
02-28-18 | | | | | 15.38 | | | | | | 0.20 | | | | | | 1.96 | | | | | | 2.16 | | | | | | 0.20 | | | | | | 0.76 | | | | | | 0.20 | | | | | | 1.16 | | | | | | — | | | | | | 16.38 | | | | | | 15.60 | | | | | | 14.55 | | | | | | 20.89 | | | | | | 315,765 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 23 | | |
02-28-17 | | | | | 13.59 | | | | | | 0.20• | | | | | | 2.98 | | | | | | 3.18 | | | | | | 0.21 | | | | | | 0.13 | | | | | | 1.05 | | | | | | 1.39 | | | | | | — | | | | | | 15.38 | | | | | | 13.88 | | | | | | 26.18 | | | | | | 33.53 | | | | | | 296,598 | | | | | | 1.22 | | | | | | 1.22 | | | | | | 1.37 | | | | | | 32 | | |
02-29-16 | | | | | 17.19 | | | | | | 0.23 | | | | | | (2.29) | | | | | | (2.06) | | | | | | 0.25 | | | | | | 0.08 | | | | | | 1.21 | | | | | | 1.54 | | | | | | — | | | | | | 13.59 | | | | | | 11.59 | | | | | | (11.33) | | | | | | (17.36) | | | | | | 269,214 | | | | | | 1.21 | | | | | | 1.21 | | | | | | 1.52 | | | | | | 53 | | |
02-28-15 | | | | | 19.33 | | | | | | 0.26 | | | | | | (0.78) | | | | | | (0.52) | | | | | | 0.46 | | | | | | 1.16 | | | | | | — | | | | | | 1.62 | | | | | | — | | | | | | 17.19 | | | | | | 15.73 | | | | | | (2.05) | | | | | | (0.37) | | | | | | 340,410 | | | | | | 1.19 | | | | | | 1.19 | | | | | | 1.43 | | | | | | 62 | | |
02-28-14 | | | | | 18.30 | | | | | | 0.48 | | | | | | 2.17 | | | | | | 2.65 | | | | | | 0.29 | | | | | | 0.20 | | | | | | 1.13 | | | | | | 1.62 | | | | | | — | | | | | | 19.33 | | | | | | 17.39 | | | | | | 16.14 | | | | | | 7.90 | | | | | | 382,876 | | | | | | 1.19 | | | | | | 1.19 | | | | | | 2.63 | | | | | | 32 | | |
02-28-13 | | | | | 19.91 | | | | | | 0.28• | | | | | | (0.18) | | | | | | 0.10 | | | | | | 0.30 | | | | | | 0.20 | | | | | | 1.21 | | | | | | 1.71 | | | | | | — | | | | | | 18.30 | | | | | | 17.72 | | | | | | 1.27 | | | | | | 4.02 | | | | | | 362,494 | | | | | | 1.19 | | | | | | 1.19 | | | | | | 1.57 | | | | | | 25 | | |
| August 31, | | | |||||||||||||||||
| 2023 | | | 2024 | | | 2025 | | | Total | | |||||||||
| $ — | | | | $ | 27,721 | | | | | $ | 58,323 | | | | | $ | 86,044 | | |
| Year or period ended | | | Reinvestment of distributions | | | Shares repurchased | | | Shares repurchased in tender offer | | | Net increase (decrease) in shares outstanding | | | Reinvestment of distributions | | | Shares repurchased | | | Shares repurchased in tender offer | | | Net increase (decrease) | | ||||||
| # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | |||||||||
| 8/31/2022 | | | — | | | (334,203) | | | — | | | | | (334,203) | | | | — | | | (3,481,355) | | | — | | | | | (3,481,355) | | |
| 2/28/2022 | | | 2,884 | | | — | | | (2,018,902) | | | | | (2,016,018) | | | | 37,501 | | | — | | | (26,084,214) | | | | | (26,046,713) | | |
| Tax Year Ended December 31, 2021 | | | Tax Year Ended December 31, 2020 | | |||||||||||||||||||||
| Ordinary Income | | | Long-term Capital Gain | | | Return of Capital | | | Long-term Capital Gain | | | Return of Capital | | ||||||||||||
| $4,463,135 | | | | $ | 9,545,931 | | | | | $ | 2,053,428 | | | | | $ | 2,865,832 | | | | | $ | 10,289,944 | | |
| Unrealized Appreciation/ (Depreciation) | | | Capital Loss Carryforward | | | Other | | | Total Distributable Earnings/(Loss) | | |||
| $34,575,631 | | | | $ | — | | | | $(3,792,198) | | | $30,783,433 | |
| Per Share Amount | | | Declaration Date | | | Payable Date | | | Record Date | | |||||||||
| $0.229 | | | | | 9/15/2022 | | | | | | 10/17/2022 | | | | | | 10/4/2022 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (Unaudited) |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: 97.2% | | |||||||||||||||
| | | Australia: 3.2% | | ||||||||||||
283,744 | | | Aurizon Holdings Ltd. | | | | $ | 717,628 | | | | | | 0.4 | | |
60,536 | | | BHP Group Ltd. Australian | | | | | 1,651,428 | | | | | | 0.9 | | |
5,675 | | | Mineral Resources Ltd. | | | | | 241,798 | | | | | | 0.2 | | |
15,768 | | | Rio Tinto Ltd. | | | | | 1,001,482 | | | | | | 0.6 | | |
123,250 | | | South32 Ltd. - AUD | | | | | 339,396 | | | | | | 0.2 | | |
277,974 | | | Telstra Corp., Ltd. | | | | | 751,711 | | | | | | 0.4 | | |
100,955 | | | Transurban Group - Stapled Security | | | | | 957,810 | | | | | | 0.5 | | |
| | | | | | | | 5,661,253 | | | | | | 3.2 | | |
| | | Brazil: 1.1% | | ||||||||||||
53,923 | | | Cia Siderurgica Nacional S.A. | | | | | 143,452 | | | | | | 0.1 | | |
286,737 | | | TIM SA/Brazil | | | | | 656,435 | | | | | | 0.4 | | |
89,515 | | | Vale SA | | | | | 1,118,593 | | | | | | 0.6 | | |
| | | | | | | | 1,918,480 | | | | | | 1.1 | | |
| | | Canada: 5.4% | | ||||||||||||
2,311 | | | Canadian National Railway Co. - CNR | | | | | 274,835 | | | | | | 0.2 | | |
4,521 | | | Canadian Pacific Railway Ltd. | | | | | 338,451 | | | | | | 0.2 | | |
27,887 | | | Canadian Utilities Ltd. | | | | | 853,161 | | | | | | 0.5 | | |
4,636 | | | Enbridge, Inc. | | | | | 191,180 | | | | | | 0.1 | | |
18,148 | | | First Quantum Minerals Ltd. | | | | | 321,133 | | | | | | 0.2 | | |
9,632 | | | Franco-Nevada Corp. | | | | | 1,158,025 | | | | | | 0.6 | | |
47,922 (1) | | | Hydro One Ltd. | | | | | 1,297,526 | | | | | | 0.7 | | |
12,337 | | | Keyera Corp. | | | | | 303,975 | | | | | | 0.2 | | |
42,871 | | | Kinross Gold Corp. | | | | | 140,689 | | | | | | 0.1 | | |
52,392 | | | Lundin Mining Corp. | | | | | 272,462 | | | | | | 0.1 | | |
24,937 | | | Northland Power, Inc. | | | | | 853,670 | | | | | | 0.5 | | |
12,688 | | | Nutrien Ltd. | | | | | 1,164,802 | | | | | | 0.6 | | |
15,300 | | | Pembina Pipeline Corp. | | | | | 540,308 | | | | | | 0.3 | | |
4,265 | | | Rogers Communications, Inc. | | | | | 183,642 | | | | | | 0.1 | | |
11,173 | | | Teck Resources Ltd. | | | | | 378,403 | | | | | | 0.2 | | |
26,817 | | | Wheaton Precious Metals Corp. | | | | | 818,589 | | | | | | 0.5 | | |
4,765 | | | WSP Global, Inc. | | | | | 567,838 | | | | | | 0.3 | | |
| | | | | | | | 9,658,689 | | | | | | 5.4 | | |
| | | China: 3.1% | | ||||||||||||
866,000 | | | Aluminum Corp. of China Ltd. - H Shares | | | | | 319,996 | | | | | | 0.2 | | |
553,000 | | | AviChina Industry & Technology Co. Ltd. - H Shares | | | | | 269,164 | | | | | | 0.2 | | |
90,000 | | | Beijing Enterprises Holdings Ltd. | | | | | 267,698 | | | | | | 0.2 | | |
610,000 | | | China Communications Services Corp., Ltd. - H Shares | | | | | 261,932 | | | | | | 0.1 | | |
274,000 | | | China Hongqiao Group Ltd. | | | | | 265,688 | | | | | | 0.1 | | |
185,046 | | | China Merchants Port Holdings Co. Ltd. | | | | | 277,804 | | | | | | 0.2 | | |
240,000 | | | China Oilfield Services Ltd. - H Shares | | | | | 249,272 | | | | | | 0.1 | | |
442,000 | | | China Railway Group Ltd. - H Shares | | | | | 253,042 | | | | | | 0.1 | | |
375,500 | | | China State Construction Engineering Corp. Ltd. - A Shares | | | | | 279,415 | | | | | | 0.2 | | |
4,020,000 (1) | | | China Tower Corp. Ltd. - H Shares | | | | | 501,286 | | | | | | 0.3 | | |
151,500 | | | COSCO Shipping Holdings Co., Ltd. - H Shares | | | | | 226,169 | | | | | | 0.1 | | |
522,000 | | | COSCO Shipping Ports, Ltd. | | | | | 337,775 | | | | | | 0.2 | | |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | China (continued) | | ||||||||||||
90,000 | | | Henan Shenhuo Coal & Power Co. Ltd. - A Shares | | | | $ | 208,642 | | | | | | 0.1 | | |
108,500 | | | Kingboard Holdings Ltd. | | | | | 342,610 | | | | | | 0.2 | | |
458,000 | | | Kunlun Energy Co. Ltd. | | | | | 398,793 | | | | | | 0.2 | | |
6,500 | | | Orient Overseas International Ltd. | | | | | 181,187 | | | | | | 0.1 | | |
458,000 | | | Zhejiang Expressway Co., Ltd. - H Shares | | | | | 348,955 | | | | | | 0.2 | | |
142,000 | | | Zijin Mining Group Co., Ltd. - H Shares | | | | | 160,456 | | | | | | 0.1 | | |
78,800 | | | ZTE Corp. - H Shares | | | | | 166,371 | | | | | | 0.1 | | |
7,145 | | | ZTO Express Cayman, Inc. ADR | | | | | 186,127 | | | | | | 0.1 | | |
| | | | | | | | 5,502,382 | | | | | | 3.1 | | |
| | | Denmark: 0.4% | | ||||||||||||
295 | | | AP Moller - Maersk A/S - Class B | | | | | 707,750 | | | | | | 0.4 | | |
| | | | | ||||||||||||
| | | France: 3.4% | | ||||||||||||
7,197 | | | Air Liquide SA | | | | | 901,880 | | | | | | 0.5 | | |
6,236 | | | Arkema SA | | | | | 526,455 | | | | | | 0.3 | | |
23,246 | | | Cie de Saint-Gobain | | | | | 936,301 | | | | | | 0.5 | | |
10,041 | | | Eiffage SA | | | | | 883,160 | | | | | | 0.5 | | |
39,724 | | | Engie SA | | | | | 471,808 | | | | | | 0.3 | | |
8,984 | | | Legrand S.A. | | | | | 650,037 | | | | | | 0.4 | | |
21,634 | | | Orange SA | | | | | 219,097 | | | | | | 0.1 | | |
6,841 | | | Schneider Electric SE | | | | | 813,107 | | | | | | 0.4 | | |
29,104 | | | Veolia Environnement | | | | | 648,656 | | | | | | 0.4 | | |
| | | | | | | | 6,050,501 | | | | | | 3.4 | | |
| | | Germany: 4.1% | | ||||||||||||
28,902 | | | BASF SE | | | | | 1,222,526 | | | | | | 0.7 | | |
5,490 | | | Brenntag SE | | | | | 359,967 | | | | | | 0.2 | | |
15,129 (1) | | | Covestro AG | | | | | 456,171 | | | | | | 0.3 | | |
34,448 | | | Deutsche Post AG | | | | | 1,257,327 | | | | | | 0.7 | | |
59,644 | | | Deutsche Telekom AG | | | | | 1,124,129 | | | | | | 0.6 | | |
10,088 | | | GEA Group AG | | | | | 350,931 | | | | | | 0.2 | | |
14,472 | | | HeidelbergCement AG | | | | | 653,522 | | | | | | 0.4 | | |
17,634 | | | Siemens AG | | | | | 1,786,228 | | | | | | 1.0 | | |
9,649 | | | Uniper SE | | | | | 52,210 | | | | | | 0.0 | | |
| | | | | | | | 7,263,011 | | | | | | 4.1 | | |
| | | Greece: 0.2% | | ||||||||||||
23,999 | | | Hellenic Telecommunications Organization SA | | | | | 381,798 | | | | | | 0.2 | | |
| | | | | ||||||||||||
| | | Hong Kong: 0.9% | | ||||||||||||
14,900 | | | Jardine Matheson Holdings Ltd. | | | | | 791,190 | | | | | | 0.4 | | |
106,000 | | | Power Assets Holdings Ltd. | | | | | 634,008 | | | | | | 0.4 | | |
83,000 | | | SITC International Holdings Co. Ltd. | �� | | | | 210,474 | | | | | | 0.1 | | |
| | | | | | | | 1,635,672 | | | | | | 0.9 | | |
| | | India: 2.0% | | ||||||||||||
275,822 | | | Bharat Electronics Ltd. | | | | | 1,053,911 | | | | | | 0.6 | | |
10,345 | | | Grasim Industries Ltd. | | | | | 215,605 | | | | | | 0.1 | | |
41,604 | | | Hindalco Industries Ltd. | | | | | 225,644 | | | | | | 0.1 | | |
27,301 | | | Larsen & Toubro Ltd. | | | | | 651,600 | | | | | | 0.4 | | |
405,627 | | | NTPC Ltd. | | | | | 831,478 | | | | | | 0.5 | | |
88,739 | | | Power Grid Corp. of India Ltd. | | | | | 254,066 | | | | | | 0.1 | | |
83,001 | | | Vedanta Ltd. | | | | | 278,170 | | | | | | 0.2 | | |
| | | | | | | | 3,510,474 | | | | | | 2.0 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (Unaudited) (continued) |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | Indonesia: 0.2% | | ||||||||||||
1,373,900 | | | Aneka Tambang Tbk | | | | $ | 183,713 | | | | | | 0.1 | | |
647,500 | | | Telkom Indonesia Persero Tbk PT | | | | | 198,285 | | | | | | 0.1 | | |
| | | | | | | | 381,998 | | | | | | 0.2 | | |
| | | Ireland: 1.7% | | ||||||||||||
36,822 | | | CRH PLC | | | | | 1,359,755 | | | | | | 0.7 | | |
11,353 | | | DCC PLC | | | | | 653,413 | | | | | | 0.4 | | |
13,032 | | | James Hardie Industries SE | | | | | 295,376 | | | | | | 0.2 | | |
5,060 | | | Trane Technologies PLC | | | | | 779,594 | | | | | | 0.4 | | |
| | | | | | | | 3,088,138 | | | | | | 1.7 | | |
| | | Italy: 0.7% | | ||||||||||||
217,761 | | | Enel S.p.A. | | | | | 1,023,279 | | | | | | 0.5 | | |
1,541,465 (2) | | | Telecom Italia S.p.A. - TIT | | | | | 317,942 | | | | | | 0.2 | | |
| | | | | | | | 1,341,221 | | | | | | 0.7 | | |
| | | Japan: 8.3% | | ||||||||||||
22,500 | | | Asahi Kasei Corp. | | | | | 164,425 | | | | | | 0.1 | | |
3,200 | | | Hirose Electric Co., Ltd. | | | | | 453,432 | | | | | | 0.2 | | |
12,600 (2) | | | Hitachi Metals Ltd. | | | | | 189,589 | | | | | | 0.1 | | |
18,100 | | | Kansai Electric Power Co., Inc. | | | | | 175,419 | | | | | | 0.1 | | |
19,200 | | | KDDI Corp. | | | | | 587,542 | | | | | | 0.3 | | |
3,400 | | | Keyence Corp. | | | | | 1,276,612 | | | | | | 0.7 | | |
36,600 | | | Lixil Corp. | | | | | 636,455 | | | | | | 0.4 | | |
8,100 | | | MISUMI Group, Inc. | | | | | 198,824 | | | | | | 0.1 | | |
67,500 | | | Mitsubishi Electric Corp. | | | | | 682,435 | | | | | | 0.4 | | |
7,000 | | | Mitsubishi Heavy Industries Ltd. | | | | | 269,854 | | | | | | 0.1 | | |
8,700 | | | Murata Manufacturing Co., Ltd. | | | | | 468,464 | | | | | | 0.3 | | |
9,000 | | | NIPPON EXPRESS HOLDINGS INC | | | | | 495,204 | | | | | | 0.3 | | |
21,600 | | | Nippon Sanso Holdings Corp. | | | | | 392,842 | | | | | | 0.2 | | |
57,500 | | | Nippon Telegraph & Telephone Corp. | | | | | 1,558,497 | | | | | | 0.9 | | |
2,500 | | | Nippon Yusen KK | | | | | 190,685 | | | | | | 0.1 | | |
13,000 | | | Nissan Chemical Corp. | | | | | 654,974 | | | | | | 0.4 | | |
4,400 | | | Nitto Denko Corp. | | | | | 271,184 | | | | | | 0.1 | | |
63,400 | | | Osaka Gas Co., Ltd. | | | | | 1,067,872 | | | | | | 0.6 | | |
25,300 | | | SG Holdings Co. Ltd. | | | | | 419,644 | | | | | | 0.2 | | |
5,500 | | | Shimadzu Corp. | | | | | 160,633 | | | | | | 0.1 | | |
5,000 | | | Shin-Etsu Chemical Co., Ltd. | | | | | 580,664 | | | | | | 0.3 | | |
800 | | | SMC Corp. | | | | | 379,544 | | | | | | 0.2 | | |
27,300 | | | SoftBank Group Corp. | | | | | 1,081,396 | | | | | | 0.6 | | |
92,600 | | | Sumitomo Chemical Co., Ltd. | | | | | 364,504 | | | | | | 0.2 | | |
13,200 | | | Sumitomo Corp. | | | | | 185,666 | | | | | | 0.1 | | |
58,700 | | | Tokyo Gas Co., Ltd. | | | | | 1,101,284 | | | | | | 0.6 | | |
15,800 | | | Tokyu Corp. | | | | | 187,826 | | | | | | 0.1 | | |
2,900 | | | Toyota Industries Corp. | | | | | 162,089 | | | | | | 0.1 | | |
8,200 | | | Toyota Tsusho Corp. | | | | | 287,067 | | | | | | 0.2 | | |
19,200 | | | Yamato Holdings Co., Ltd. | | | | | 299,310 | | | | | | 0.2 | | |
| | | | | | | | 14,943,936 | | | | | | 8.3 | | |
| | | Malaysia: 0.2% | | ||||||||||||
187,900 | | | Petronas Chemicals Group Bhd | | | | | 368,560 | | | | | | 0.2 | | |
| | | | | ||||||||||||
| | | Mexico: 0.3% | | ||||||||||||
439,586 | | | Alfa SA de CV | | | | | 277,762 | | | | | | 0.2 | | |
8,330 | | | Grupo Aeroportuario del Sureste SA de CV | | | | | 175,477 | | | | | | 0.1 | | |
| | | | | | | | 453,239 | | | | | | 0.3 | | |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | Netherlands: 0.3% | | ||||||||||||
2,566 | | | Airbus SE | | | | $ | 251,451 | | | | | | 0.2 | | |
2,589 | | | LyondellBasell Industries NV - Class A | | | | | 214,887 | | | | | | 0.1 | | |
| | | | | | | | 466,338 | | | | | | 0.3 | | |
| | | New Zealand: 0.2% | | ||||||||||||
126,697 | | | Spark New Zealand Ltd. | | | | | 419,103 | | | | | | 0.2 | | |
| | | | | ||||||||||||
| | | Norway: 0.2% | | ||||||||||||
7,425 | | | Yara International ASA | | | | | 314,059 | | | | | | 0.2 | | |
| | | | | ||||||||||||
| | | Philippines: 0.6% | | ||||||||||||
47,570 | | | GT Capital Holdings, Inc. | | | | | 407,432 | | | | | | 0.2 | | |
181,740 | | | International Container Terminal Services, Inc. | | | | | 585,323 | | | | | | 0.3 | | |
5,570 | | | PLDT, Inc. | | | | | 166,029 | | | | | | 0.1 | | |
| | | | | | | | 1,158,784 | | | | | | 0.6 | | |
| | | Qatar: 0.5% | | ||||||||||||
109,109 | | | Ooredoo QPSC | | | | | 272,042 | | | | | | 0.1 | | |
610,527 | | | Qatar Gas Transport Co. Ltd. | | | | | 669,465 | | | | | | 0.4 | | |
| | | | | | | | 941,507 | | | | | | 0.5 | | |
| | | Russia: —% | | ||||||||||||
267,141 (3) | | | Alrosa PJSC | | | | | — | | | | | | — | | |
4,101,092 (3) | | | Inter RAO UES PJSC | | | | | — | | | | | | — | | |
124,960 (3) | | | Mobile Telesystems OJSC | | | | | — | | | | | | — | | |
| | | | | | | | — | | | | | | — | | |
| | | Saudi Arabia: 0.7% | | ||||||||||||
32,705 | | | Etihad Etisalat Co. | | | | | 318,106 | | | | | | 0.2 | | |
93,628 | | | Saudi Electricity Co. | | | | | 626,733 | | | | | | 0.3 | | |
34,663 | | | Saudi Telecom Co. | | | | | 384,841 | | | | | | 0.2 | | |
| | | | | | | | 1,329,680 | | | | | | 0.7 | | |
| | | Singapore: 1.4% | | ||||||||||||
48,700 (1) | | | BOC Aviation Ltd. | | | | | 389,818 | | | | | | 0.2 | | |
55,400 (2) | | | Singapore Airlines Ltd. | | | | | 210,346 | | | | | | 0.1 | | |
322,200 | | | Singapore Technologies Engineering Ltd. | | | | | 858,583 | | | | | | 0.5 | | |
313,900 | | | Singapore Telecommunications Ltd. | | | | | 589,302 | | | | | | 0.3 | | |
35,700 | | | Venture Corp. Ltd. | | | | | 466,415 | | | | | | 0.3 | | |
| | | | | | | | 2,514,464 | | | | | | 1.4 | | |
| | | South Africa: 0.4% | | ||||||||||||
15,341 | | | African Rainbow Minerals Ltd. | | | | | 211,619 | | | | | | 0.1 | | |
20,656 | | | Impala Platinum Holdings Ltd. | | | | | 216,441 | | | | | | 0.1 | | |
8,352 (2) | | | Sasol Ltd. | | | | | 160,631 | | | | | | 0.1 | | |
73,177 | | | Sibanye Stillwater Ltd. | | | | | 163,479 | | | | | | 0.1 | | |
| | | | | | | | 752,170 | | | | | | 0.4 | | |
| | | South Korea: 1.9% | | ||||||||||||
10,015 | | | CJ Corp. | | | | | 582,698 | | | | | | 0.3 | | |
7,077 | | | GS Engineering & Construction Corp. | | | | | 158,301 | | | | | | 0.1 | | |
9,072 | | | GS Holdings Corp. | | | | | 311,460 | | | | | | 0.2 | | |
1,402 | | | Hyundai Glovis Co., Ltd. | | | | | 183,700 | | | | | | 0.1 | | |
8,513 | | | Hyundai Steel Co. | | | | | 207,587 | | | | | | 0.1 | | |
26,048 (2) | | | Korean Air Lines Co. Ltd. | | | | | 517,706 | | | | | | 0.3 | | |
45,412 | | | LG Uplus Corp. | | | | | 388,908 | | | | | | 0.2 | | |
949 | | | POSCO Holdings, Inc. | | | | | 179,518 | | | | | | 0.1 | | |
4,022 | | | Samsung Electro-Mechanics Co. Ltd. | | | | | 416,424 | | | | | | 0.3 | | |
863 | | | Samsung SDI Co., Ltd. | | | | | 381,534 | | | | | | 0.2 | | |
| | | | | | | | 3,327,836 | | | | | | 1.9 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (Unaudited) (continued) |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | Spain: 1.4% | | ||||||||||||
37,088 | | | ACS Actividades de Construccion y Servicios SA | | | | $ | 826,309 | | | | | | 0.5 | | |
156,209 | | | Iberdrola S.A. - IBEE | | | | | 1,626,408 | | | | | | 0.9 | | |
| | | | | | | | 2,452,717 | | | | | | 1.4 | | |
| | | Sweden: 2.7% | | ||||||||||||
3,091 (2) | | | Alleima AB | | | | | 12,410 | | | | | | 0.0 | | |
17,206 | | | Assa Abloy AB | | | | | 348,490 | | | | | | 0.2 | | |
93,646 | | | Atlas Copco AB - A Shares | | | | | 950,603 | | | | | | 0.5 | | |
24,566 | | | Epiroc AB-A | | | | | 375,880 | | | | | | 0.2 | | |
17,248 | | | Hexagon AB | | | | | 176,258 | | | | | | 0.1 | | |
9,359 | | | Indutrade AB | | | | | 173,291 | | | | | | 0.1 | | |
15,455 | | | Sandvik AB | | | | | 240,951 | | | | | | 0.2 | | |
45,167 | | | SKF AB - B Shares | | | | | 677,170 | | | | | | 0.4 | | |
16,975 | | | Tele2 AB | | | | | 180,780 | | | | | | 0.1 | | |
54,672 | | | Telefonaktiebolaget LM Ericsson | | | | | 408,861 | | | | | | 0.2 | | |
108,418 | | | Telia Co. AB | | | | | 381,603 | | | | | | 0.2 | | |
58,336 | | | Volvo AB - B Shares | | | | | 924,059 | | | | | | 0.5 | | |
| | | | | | | | 4,850,356 | | | | | | 2.7 | | |
| | | Switzerland: 2.1% | | ||||||||||||
23,128 | | | ABB Ltd. | | | | | 637,492 | | | | | | 0.4 | | |
52 | | | Givaudan | | | | | 165,910 | | | | | | 0.1 | | |
49,380 | | | Glencore PLC | | | | | 269,987 | | | | | | 0.1 | | |
30,474 | | | Holcim AG | | | | | 1,350,776 | | | | | | 0.8 | | |
874 | | | Kuehne & Nagel International AG | | | | | 201,991 | | | | | | 0.1 | | |
4,748 | | | Sika AG | | | | | 1,068,275 | | | | | | 0.6 | | |
| | | | | | | | 3,694,431 | | | | | | 2.1 | | |
| | | Taiwan: 0.7% | | ||||||||||||
63,000 | | | Evergreen Marine Corp. Taiwan Ltd. | | | | | 180,540 | | | | | | 0.1 | | |
124,000 | | | HON HAI Precision Industry Co., Ltd. | | | | | 441,537 | | | | | | 0.2 | | |
25,000 | | | Nan Ya Printed Circuit Board Corp. | | | | | 218,106 | | | | | | 0.1 | | |
91,000 | | | Unimicron Technology Corp. | | | | | 445,875 | | | | | | 0.3 | | |
| | | | | | | | 1,286,058 | | | | | | 0.7 | | |
| | | Thailand: 0.5% | | ||||||||||||
73,000 | | | Electricity Generating PCL | | | | | 366,027 | | | | | | 0.2 | | |
68,600 | | | Electricity Generating PCL - Foreign | | | | | 343,966 | | | | | | 0.2 | | |
222,400 | | | Indorama Ventures PCL | | | | | 263,391 | | | | | | 0.1 | | |
| | | | | | | | 973,384 | | | | | | 0.5 | | |
| | | United Kingdom: 2.4% | | ||||||||||||
22,512 | | | Anglo American PLC | | | | | 723,409 | | | | | | 0.4 | | |
45,403 | | | BAE Systems PLC | | | | | 408,903 | | | | | | 0.2 | | |
5,456 | | | Bunzl PLC | | | | | 180,943 | | | | | | 0.1 | | |
27,971 | | | CNH Industrial NV | | | | | 340,550 | | | | | | 0.2 | | |
10,289 | | | Ferguson PLC | | | | | 1,191,547 | | | | | | 0.7 | | |
21,155 | | | Halma PLC | | | | | 508,881 | | | | | | 0.3 | | |
14,022 | | | Smiths Group PLC | | | | | 242,241 | | | | | | 0.1 | | |
493,111 | | | Vodafone Group PLC | | | | | 660,201 | | | | | | 0.4 | | |
| | | | | | | | 4,256,675 | | | | | | 2.4 | | |
| | | United States: 46.0% | | ||||||||||||
2,563 | | | 3M Co. | | | | | 318,709 | | | | | | 0.2 | | |
12,785 | | | AES Corp. | | | | | 325,378 | | | | | | 0.2 | | |
5,753 | | | Air Products & Chemicals, Inc. | | | | | 1,452,345 | | | | | | 0.8 | | |
1,211 | | | Albemarle Corp. | | | | | 324,500 | | | | | | 0.2 | | |
3,541 | | | Alcoa Corp. | | | | | 175,209 | | | | | | 0.1 | | |
9,792 | | | Allegion Public Ltd. | | | | | 931,219 | | | | | | 0.5 | | |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | United States (continued) | | ||||||||||||
637 | | | AMERCO | | | | $ | 334,852 | | | | | | 0.2 | | |
7,118 | | | Ametek, Inc. | | | | | 855,299 | | | | | | 0.5 | | |
12,126 | | | AO Smith Corp. | | | | | 684,513 | | | | | | 0.4 | | |
9,903 (2) | | | Arrow Electronics, Inc. | | | | | 1,037,933 | | | | | | 0.6 | | |
92,642 | | | AT&T, Inc. | | | | | 1,624,941 | | | | | | 0.9 | | |
8,319 | | | Atmos Energy Corp. | | | | | 943,208 | | | | | | 0.5 | | |
31,098 | | | Baker Hughes Co. | | | | | 785,535 | | | | | | 0.4 | | |
5,627 (2) | | | Boeing Co. | | | | | 901,727 | | | | | | 0.5 | | |
6,767 | | | Caterpillar, Inc. | | | | | 1,249,933 | | | | | | 0.7 | | |
3,798 | | | CF Industries Holdings, Inc. | | | | | 392,941 | | | | | | 0.2 | | |
7,590 | | | Cheniere Energy, Inc. | | | | | 1,215,766 | | | | | | 0.7 | | |
85,368 | | | Cisco Systems, Inc. | | | | | 3,817,657 | | | | | | 2.1 | | |
12,638 | | | Cognex Corp. | | | | | 532,186 | | | | | | 0.3 | | |
4,949 | | | Consolidated Edison, Inc. | | | | | 483,715 | | | | | | 0.3 | | |
17,710 | | | Corteva, Inc. | | | | | 1,087,925 | | | | | | 0.6 | | |
56,560 | | | CSX Corp. | | | | | 1,790,124 | | | | | | 1.0 | | |
3,137 | | | Deere & Co. | | | | | 1,145,789 | | | | | | 0.6 | | |
6,330 | | | Dover Corp. | | | | | 790,997 | | | | | | 0.4 | | |
11,775 | | | DTE Energy Co. | | | | | 1,534,753 | | | | | | 0.9 | | |
9,847 | | | Duke Energy Corp. | | | | | 1,052,743 | | | | | | 0.6 | | |
17,678 | | | DuPont de Nemours, Inc. | | | | | 983,604 | | | | | | 0.6 | | |
20,132 | | | Emerson Electric Co. | | | | | 1,645,590 | | | | | | 0.9 | | |
8,418 | | | Evergy, Inc. | | | | | 576,886 | | | | | | 0.3 | | |
12,364 | | | Eversource Energy | | | | | 1,108,927 | | | | | | 0.6 | | |
5,167 (2) | | | F5, Inc. | | | | | 811,529 | | | | | | 0.5 | | |
3,531 | | | FedEx Corp. | | | | | 744,370 | | | | | | 0.4 | | |
4,956 | | | FMC Corp. | | | | | 535,644 | | | | | | 0.3 | | |
23,056 | | | Fortive Corp. | | | | | 1,460,136 | | | | | | 0.8 | | |
4,806 | | | Fortune Brands Home & Security, Inc. | | | | | 295,233 | | | | | | 0.2 | | |
33,643 | | | Freeport-McMoRan, Inc. | | | | | 995,833 | | | | | | 0.6 | | |
797 (2) | | | Generac Holdings, Inc. | | | | | 175,667 | | | | | | 0.1 | | |
25,705 | | | General Electric Co. | | | | | 1,887,775 | | | | | | 1.1 | | |
18,667 | | | Halliburton Co. | | | | | 562,437 | | | | | | 0.3 | | |
5,080 | | | Heico Corp. - HEI | | | | | 773,684 | | | | | | 0.4 | | |
4,450 | | | Honeywell International, Inc. | | | | | 842,607 | | | | | | 0.5 | | |
11,982 | | | Ingersoll Rand, Inc. | | | | | 567,587 | | | | | | 0.3 | | |
28,413 | | | Johnson Controls International plc | | | | | 1,538,280 | | | | | | 0.9 | | |
39,834 | | | Juniper Networks, Inc. | | | | | 1,132,082 | | | | | | 0.6 | | |
8,725 (2) | | | Keysight Technologies, Inc. | | | | | 1,429,940 | | | | | | 0.8 | | |
9,584 | | | Knight-Swift Transportation Holdings, Inc. | | | | | 484,088 | | | | | | 0.3 | | |
8,789 | | | Linde PLC | | | | | 2,486,057 | | | | | | 1.4 | | |
1,943 | | | Lockheed Martin Corp. | | | | | 816,274 | | | | | | 0.5 | | |
6,125 | | | Mosaic Co. | | | | | 329,954 | | | | | | 0.2 | | |
6,557 | | | Newmont Corp. | | | | | 271,198 | | | | | | 0.2 | | |
29,964 | | | NextEra Energy, Inc. | | | | | 2,548,738 | | | | | | 1.4 | | |
22,662 | | | NiSource, Inc. | | | | | 668,756 | | | | | | 0.4 | | |
3,207 | | | Norfolk Southern Corp. | | | | | 779,718 | | | | | | 0.4 | | |
4,422 | | | Nucor Corp. | | | | | 587,861 | | | | | | 0.3 | | |
1,660 | | | Old Dominion Freight Line | | | | | 450,541 | | | | | | 0.3 | | |
11,935 | | | Owens Corning, Inc. | | | | | 975,448 | | | | | | 0.5 | | |
8,222 | | | Packaging Corp. of America | | | | | 1,125,756 | | | | | | 0.6 | | |
5,254 | | | Parker Hannifin Corp. | | | | | 1,392,310 | | | | | | 0.8 | | |
19,530 | | | Pentair PLC | | | | | 869,085 | | | | | | 0.5 | | |
3,013 | | | PPG Industries, Inc. | | | | | 382,591 | | | | | | 0.2 | | |
33,372 | | | PPL Corp. | | | | | 970,458 | | | | | | 0.5 | | |
10,231 | | | Raytheon Technologies Corp. | | | | | 918,232 | | | | | | 0.5 | | |
4,840 | | | Rockwell Automation, Inc. | | | | | 1,146,790 | | | | | | 0.6 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (Unaudited) (continued) |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | United States (continued) | | ||||||||||||
30,263 | | | Schlumberger NV | | | | $ | 1,154,533 | | | | | | 0.6 | | |
5,216 | | | Sealed Air Corp. | | | | | 280,673 | | | | | | 0.2 | | |
12,264 | | | Sempra Energy | | | | | 2,023,192 | | | | | | 1.1 | | |
12,849 | | | Sensata Technologies Holding PLC | | | | | 517,558 | | | | | | 0.3 | | |
4,238 | | | Sherwin-Williams Co. | | | | | 983,640 | | | | | | 0.6 | | |
4,920 | | | Snap-On, Inc. | | | | | 1,071,871 | | | | | | 0.6 | | |
3,017 | | | Southern Co. | | | | | 232,520 | | | | | | 0.1 | | |
15,312 (2) | | | Southwest Airlines Co. | | | | | 561,950 | | | | | | 0.3 | | |
2,586 | | | Steel Dynamics, Inc. | | | | | 208,742 | | | | | | 0.1 | | |
15,075 | | | Targa Resources Corp. | | | | | 1,028,567 | | | | | | 0.6 | | |
19,122 | | | Textron, Inc. | | | | | 1,192,830 | | | | | | 0.7 | | |
10,284 (2) | | | T-Mobile US, Inc. | | | | | 1,480,485 | | | | | | 0.8 | | |
7,728 (2) | | | Trimble, Inc. | | | | | 488,796 | | | | | | 0.3 | | |
9,157 (2) | | | Uber Technologies, Inc. | | | | | 263,355 | | | | | | 0.1 | | |
28,904 | | | UGI Corp. | | | | | 1,141,708 | | | | | | 0.6 | | |
4,572 | | | Union Pacific Corp. | | | | | 1,026,460 | | | | | | 0.6 | | |
7,699 | | | United Parcel Service, Inc. - Class B | | | | | 1,497,532 | | | | | | 0.8 | | |
3,512 (2) | | | United Rentals, Inc. | | | | | 1,025,644 | | | | | | 0.6 | | |
40,220 | | | Verizon Communications, Inc. | | | | | 1,681,598 | | | | | | 0.9 | | |
32,059 | | | Vistra Corp. | | | | | 793,460 | | | | | | 0.4 | | |
8,621 | | | Westinghouse Air Brake Technologies Corp. | | | | | 755,631 | | | | | | 0.4 | | |
24,411 | | | WestRock Co. | | | | | 990,842 | | | | | | 0.6 | | |
1,106 | | | WW Grainger, Inc. | | | | | 613,764 | | | | | | 0.3 | | |
4,445 | | | Xylem, Inc. | | | | | 404,939 | | | | | | 0.2 | | |
| | | | | | | | 82,481,853 | | | | | | 46.0 | | |
| | | Total Common Stock (Cost $178,390,490) | | | | | 174,086,517 | | | | | | 97.2 | | |
EXCHANGE-TRADED FUNDS: 1.7% | | |||||||||||||||
35,085 | | | iShares MSCI ACWI ETF | | | | | 3,013,802 | | | | | | 1.7 | | |
| | | Total Exchange-Traded Funds (Cost $3,134,663) | | | | | 3,013,802 | | | | | | 1.7 | | |
PREFERRED STOCK: 0.1% | | |||||||||||||||
| | | Brazil: 0.1% | | ||||||||||||
52,726 | | | Gerdau SA | | | | | 238,374 | | | | | | 0.1 | | |
| | | Total Preferred Stock (Cost $297,282) | | | | | 238,374 | | | | | | 0.1 | | |
| | | Total Long-Term Investments (Cost $181,822,435) | | | | | 177,338,693 | | | | | | 99.0 | | |
SHORT-TERM INVESTMENTS: 0.9% | | |||||||||||||||
| | | Mutual Funds: 0.9% | | ||||||||||||
1,677,000 (4) | | | Goldman Sachs Financial Square Government Fund - Institutional Shares, 2.170% (Cost $1,677,000) | | | | | 1,677,000 | | | | | | 0.9 | | |
| | | Total Short-Term Investments (Cost $1,677,000) | | | | | 1,677,000 | | | | | | 0.9 | | |
| | | Total Investments in Securities (Cost $183,499,435) | | | | $ | 179,015,693 | | | | | | 99.9 | | |
| | | Assets in Excess of Other Liabilities | | | | | 208,746 | | | | | | 0.1 | | |
| | | Net Assets | | | | $ | 179,224,439 | | | | | | 100.0 | | |
|
Industry Diversification | | | Percentage of Net Assets | | |||
Electric Utilities | | | | | 6.5% | | |
Integrated Telecommunication Services | | | | | 5.8 | | |
Industrial Machinery | | | | | 5.4 | | |
Industrial Conglomerates | | | | | 4.6 | | |
Aerospace & Defense | | | | | 4.3 | | |
Building Products | | | | | 4.0 | | |
Multi-Utilities | | | | | 3.9 | | |
Electrical Components & Equipment | | | | | 3.6 | | |
Communications Equipment | | | | | 3.5 | | |
Specialty Chemicals | | | | | 3.3 | | |
Wireless Telecommunication Services | | | | | 3.0 | | |
Diversified Metals & Mining | | | | | 3.0 | | |
Industrial Gases | | | | | 2.9 | | |
Railroads | | | | | 2.9 | | |
Air Freight & Logistics | | | | | 2.8 | | |
Gas Utilities | | | | | 2.7 | | |
Electronic Equipment & Instruments | | | | | 2.6 | | |
Trading Companies & Distributors | | | | | 2.4 | | |
Oil & Gas Storage & Transportation | | | | | 2.3 | | |
Construction & Engineering | | | | | 2.2 | | |
Construction Materials | | | | | 2.2 | | |
Fertilizers & Agricultural Chemicals | | | | | 2.1 | | |
Construction Machinery & Heavy Trucks | | | | | 1.9 | | |
Multi-Sector Holdings | | | | | 1.7 | | |
Steel | | | | | 1.5 | | |
Gold | | | | | 1.6 | | |
Electronic Components | | | | | 1.6 | | |
Independent Power Producers & Energy Traders | | | | | 1.5 | | |
Oil & Gas Equipment & Services | | | | | 1.3 | | |
Diversified Chemicals | | | | | 1.4 | | |
Paper Packaging | | | | | 1.4 | | |
Marine | | | | | 1.0 | | |
Copper | | | | | 0.9 | | |
Trucking | | | | | 0.9 | | |
Agricultural & Farm Machinery | | | | | 0.8 | | |
Highways & Railtracks | | | | | 0.7 | | |
Airlines | | | | | 0.7 | | |
Marine Ports & Services | | | | | 0.7 | | |
Technology Distributors | | | | | 0.6 | | |
Commodity Chemicals | | | | | 0.5 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (Unaudited) (continued) |
Industry Diversification | | | Percentage of Net Assets | | |||
Aluminum | | | | | 0.5 | | |
Electronic Manufacturing Services | | | | | 0.5 | | |
Renewable Electricity | | | | | 0.5 | | |
Heavy Electrical Equipment | | | | | 0.4 | | |
Precious Metals & Minerals | | | | | 0.2 | | |
Oil & Gas Drilling | | | | | 0.1 | | |
Industry Diversification | | | Percentage of Net Assets | | |||
Airport Services | | | | | 0.1 | | |
Assets in Excess of Other Liabilities* | | | | | 1.0 | | |
Net Assets | | | | | 100.0% | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs# (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at August 31, 2022 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | — | | | | | $ | 5,661,253 | | | | | $ | — | | | | | $ | 5,661,253 | | |
Brazil | | | | | 1,918,480 | | | | | | — | | | | | | — | | | | | | 1,918,480 | | |
Canada | | | | | 9,658,689 | | | | | | — | | | | | | — | | | | | | 9,658,689 | | |
China | | | | | 535,082 | | | | | | 4,967,300 | | | | | | — | | | | | | 5,502,382 | | |
Denmark | | | | | — | | | | | | 707,750 | | | | | | — | | | | | | 707,750 | | |
France | | | | | — | | | | | | 6,050,501 | | | | | | — | | | | | | 6,050,501 | | |
Germany | | | | | — | | | | | | 7,263,011 | | | | | | — | | | | | | 7,263,011 | | |
Greece | | | | | — | | | | | | 381,798 | | | | | | — | | | | | | 381,798 | | |
Hong Kong | | | | | 791,190 | | | | | | 844,482 | | | | | | — | | | | | | 1,635,672 | | |
India | | | | | — | | | | | | 3,510,474 | | | | | | — | | | | | | 3,510,474 | | |
Indonesia | | | | | — | | | | | | 381,998 | | | | | | — | | | | | | 381,998 | | |
Ireland | | | | | 779,594 | | | | | | 2,308,544 | | | | | | — | | | | | | 3,088,138 | | |
Italy | | | | | — | | | | | | 1,341,221 | | | | | | — | | | | | | 1,341,221 | | |
Japan | | | | | — | | | | | | 14,943,936 | | | | | | — | | | | | | 14,943,936 | | |
Malaysia | | | | | — | | | | | | 368,560 | | | | | | — | | | | | | 368,560 | | |
Mexico | | | | | 453,239 | | | | | | — | | | | | | — | | | | | | 453,239 | | |
Netherlands | | | | | 214,887 | | | | | | 251,451 | | | | | | — | | | | | | 466,338 | | |
New Zealand | | | | | — | | | | | | 419,103 | | | | | | — | | | | | | 419,103 | | |
Norway | | | | | — | | | | | | 314,059 | | | | | | — | | | | | | 314,059 | | |
Philippines | | | | | — | | | | | | 1,158,784 | | | | | | — | | | | | | 1,158,784 | | |
Qatar | | | | | 272,042 | | | | | | 669,465 | | | | | | — | | | | | | 941,507 | | |
Russia | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Saudi Arabia | | | | | — | | | | | | 1,329,680 | | | | | | — | | | | | | 1,329,680 | | |
Singapore | | | | | — | | | | | | 2,514,464 | | | | | | — | | | | | | 2,514,464 | | |
South Africa | | | | | 211,619 | | | | | | 540,551 | | | | | | — | | | | | | 752,170 | | |
South Korea | | | | | — | | | | | | 3,327,836 | | | | | | — | | | | | | 3,327,836 | | |
Spain | | | | | — | | | | | | 2,452,717 | | | | | | — | | | | | | 2,452,717 | | |
Sweden | | | | | 12,410 | | | | | | 4,837,946 | | | | | | — | | | | | | 4,850,356 | | |
Switzerland | | | | | — | | | | | | 3,694,431 | | | | | | — | | | | | | 3,694,431 | | |
Taiwan | | | | | — | | | | | | 1,286,058 | | | | | | — | | | | | | 1,286,058 | | |
Thailand | | | | | — | | | | | | 973,384 | | | | | | — | | | | | | 973,384 | | |
United Kingdom | | | | | — | | | | | | 4,256,675 | | | | | | — | | | | | | 4,256,675 | | |
United States | | | | | 82,481,853 | | | | | | — | | | | | | — | | | | | | 82,481,853 | | |
Total Common Stock | | | | | 97,329,085 | | | | | | 76,757,432 | | | | | | — | | | | | | 174,086,517 | | |
Exchange-Traded Funds | | | | | 3,013,802 | | | | | | — | | | | | | — | | | | | | 3,013,802 | | |
Preferred Stock | | | | | 238,374 | | | | | | — | | | | | | — | | | | | | 238,374 | | |
Short-Term Investments | | | | | 1,677,000 | | | | | | — | | | | | | — | | | | | | 1,677,000 | | |
Total Investments, at fair value | | | | $ | 102,258,261 | | | | | $ | 76,757,432 | | | | | $ | — | | | | | $ | 179,015,693 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (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, 2022 | | ||||||||||||
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Written Options | | | | $ | — | | | | | $ | (164,491) | | | | | $ | — | | | | | $ | (164,491) | | |
Total Liabilities | | | | $ | — | | | | | $ | (164,491) | | | | | $ | — | | | | | $ | (164,491) | | |
|
Description | | | Counterparty | | | Put/Call | | | Expiration Date | | | Exercise Price | | | Number of Contracts | | | Notional Amount | | | Premiums Received | | | Fair Value | | |||||||||||||||
Industrial Select Sector SPDR Fund | | | UBS AG | | | Call | | | 09/02/22 | | | | | USD 93.710 | | | | | | 235,833 | | | | | | USD 21,915,961 | | | | | $ | 521,568 | | | | | $ | (78,131) | | |
iShares MSCI EAFE ETF | | | Citibank N.A. | | | Call | | | 09/14/22 | | | | | USD 65.590 | | | | | | 291,203 | | | | | | USD 17,967,225 | | | | | | 357,161 | | | | | | (15,325) | | |
iShares MSCI Emerging Markets ETF | | | Citibank N.A. | | | Call | | | 09/14/22 | | | | | USD 40.450 | | | | | | 264,524 | | | | | | USD 10,430,181 | | | | | | 200,086 | | | | | | (58,853) | | |
Materials Select Sector SPDR Fund | | | Wells Fargo | | | Call | | | 09/02/22 | | | | | USD 77.100 | | | | | | 163,424 | | | | | | USD 12,323,804 | | | | | | 355,316 | | | | | | (12,182) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 1,434,131 | | | | | $ | (164,491) | | |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Written options, at fair value | | | | $ | 164,491 | | |
Total Liability Derivatives | | | | | | | $ | 164,491 | | |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Written options | | |||
Equity contracts | | | | $ | 4,700,660 | | |
Total | | | | $ | 4,700,660 | | |
| | | Change in Unrealized Appreciation or Depreciation on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Written options | | |||
Equity contracts | | | | $ | 57,240 | | |
Total | | | | $ | 57,240 | | |
Voya Infrastructure, Industrials | PORTFOLIO OF INVESTMENTS |
and Materials Fund | as of August 31, 2022 (Unaudited) (continued) |
| | | Citibank N.A. | | | UBS AG | | | Wells Fargo | | | Totals | | ||||||||||||
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Written options | | | | $ | 74,178 | | | | | $ | 78,131 | | | | | $ | 12,182 | | | | | $ | 164,491 | | |
Total Liabilities | | | | $ | 74,178 | | | | | $ | 78,131 | | | | | $ | 12,182 | | | | | $ | 164,491 | | |
Net OTC derivative instruments by counterparty, at fair value | | | | $ | (74,178) | | | | | $ | (78,131) | | | | | $ | (12,182) | | | | | $ | (164,491) | | |
Total collateral pledged by the Fund/(Received from counterparty) | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Net Exposure(1) | | | | $ | (74,178) | | | | | $ | (78,131) | | | | | $ | (12,182) | | | | | $ | (164,491) | | |
| Gross Unrealized Appreciation | | | | $ | 16,910,319 | | |
| Gross Unrealized Depreciation | | | | | (20,665,010) | | |
| Net Unrealized Depreciation | | | | $ | (3,754,691) | | |
| | | | | | Proposal | | | Shares voted for | | | Shares voted against or withheld | | | Shares abstained | | | Broker non-vote | | | Total Shares Voted | | ||||||||||||||||||
Class I Trustees | | | Voya Infrastructure, Industrials and Materials Fund | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | John V. Boyer | | | | | 1* | | | | | | 12,445,711.37 | | | | | | 900,356.00 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 13,346,067.37 | | |
| | | Patricia W. Chadwick | | | | | 1* | | | | | | 12,453,290.37 | | | | | | 893,777.00 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 13,347,067.37 | | |
| | | Sheryl K. Pressler | | | | | 1* | | | | | | 12,382,240.37 | | | | | | 964,827.00 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 13,347,067.37 | | |
| Declaration Date | | | Ex Date | | | Record Date | | | Payable Date | |
| March 15, 2022 | | | April 1, 2022 | | | April 4, 2022 | | | April 18, 2022 | |
| June 15, 2022 | | | July 1, 2022 | | | July 5, 2022 | | | July 15, 2022 | |
| September 15, 2022 | | | October 3, 2022 | | | October 4, 2022 | | | October 17, 2022 | |
| December 15, 2022 | | | December 29, 2022 | | | December 30, 2022 | | | January 17, 2023 | |
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
225 Liberty Street
New York, New York 10286
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
Item 2. Code of Ethics.
Not required for semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not required for semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not required for semi-annual filing.
Item 5. Audit Committee of Listed Registrants.
Not required for semi-annual filing.
Item 6. Schedule of Investments.
Schedule is included as part of the report to shareholders filed under Item 1 of this Form.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Period* | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||||||||||
Mar 1-31, 2022 | 33,361 | $ | 10.93 | 33,361 | 1,143,145 | |||||||||||
April 1-30, 2022 | 50,275 | $ | 11.00 | 50,275 | 1,092,870 | |||||||||||
May 1-31, 2022 | 102,959 | $ | 10.17 | 102,959 | 989,911 | |||||||||||
June 1-30, 2022 | 73,712 | $ | 10.44 | 73,712 | 916,199 | |||||||||||
July 1-31, 2022 | 26,669 | $ | 9.68 | 26,669 | 889,530 | |||||||||||
Aug 1-31, 2022 | 42,075 | $ | 10.19 | 42,075 | 847,455 | |||||||||||
Total | 329,051 | 329,051 |
* The Registrant’s repurchase program, which authorized the repurchase of 1,927,868 shares, was announced on April 1, 2022, with an expiration date of March 31, 2023. Any repurchases made by the registrant pursuant to the program were made through open market transactions.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. |
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | The Code of Ethics is not required for the semi-annual filing. |
(a)(3) | Not required for semi-annual filing. |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
(c) | Notices to the registrant's common shareholders in accordance with the order under Section 6(c) of the Investment Company Act of 1940 (the “1940 Act”) granting an exemption from Section 19(b) of the 1940 Act and Rule 19b-1 under the 1940 Act, dated August 16, 2011.1 |
(c)(1) | 2nd Qtr 2022 |
(c)(2) | 3rd Qtr 2022 |
1 The Fund has received exemptive relief from the Securities and Exchange Commission permitting it to make periodic distributions of long-term capital gains with respect to its outstanding common stock as frequently as twelve times each year, and as frequently as distributions are specified by or in accordance with the terms of its outstanding preferred stock. This relief is conditioned, in part, on an undertaking by the Fund to make the disclosures to the holders of the Fund's common shares, in addition to the information required by Section 19(a) of the 1940 Act and Rule 19a-1 thereunder. The Fund is likewise obligated to file with the SEC the information contained in any such notice to shareholders and, in that regard, has attached hereto copies of each such notice made during the period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): Voya Infrastructure, Industrials and Materials Fund
By | /s/ Dina Santoro | |
Dina Santoro | ||
Chief Executive Officer |
Date: November 3, 2022
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Dina Santoro | |
Dina Santoro | ||
Chief Executive Officer |
Date: November 3, 2022
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 3, 2022