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:811-22438
Voya Emerging Markets High Dividend Equity Fund
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ | 85258 |
(Address of principal executive offices) | (Zip code) |
Huey P. Falgout Jr., 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ 85258
(Name and address of agent for service)
Registrant’s telephone number, including area code:1-800-992-0180
Date of fiscal year end:February 28
Date of reporting period:March 1, 2019 to August 31, 2019
Item 1. Reports to Stockholders.
The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):
| | Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of a Fund’s annual and semi-annual shareholder reports, like this semi-annual report, will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Voya funds’ website (www.voyainvestments.com/literature), and you will be notified by mail each time a report is posted and provided with a website link to access the report. | | |
| | If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by calling 1-800-992-0180 or by sending an e-mail request to Voyaim_literature@voya.com. | | |
| | You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions to elect to continue receiving paper copies of your shareholder reports. If you received this document through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with us, you can call 1-800-992-0180 or send an email request to Voyaim_literature@voya.com to let a Fund know you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the Voya funds complex if you invest directly with the funds. | | |
| | This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the fund’s investment objectives, risks, charges, expenses and other information. This information should be read carefully. | | |
| | | E-Delivery Sign-up – details inside | |
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| | Sign up now for on-line prospectuses, fund reports, and proxy statements. In less than five minutes, you can help reduce paper mail and lower fund costs. | | | ||||||
| | Just go to www.individuals.voya.com/page/e-delivery, follow the directions and complete the quick 5 Steps to Enroll. | | | ||||||
| | You will be notified by e-mail when these communications become available on the internet. Documents that are not available on the internet will continue to be sent by mail. | | |
President
Voya Family of Funds
September 20, 2019
| | Index | | | | Description | | |
| | Bloomberg Barclays U.S. Aggregate Bond Index | | | | An index of publicly issued investment grade U.S. government, mortgage-backed, asset-backed and corporate debt securities. | | |
| | MSCI Emerging Markets IndexSM | | | | An index that measures the performance of securities listed on exchanges in developing nations throughout the world. | | |
| | 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. | | |
Voya Emerging Markets High Dividend Equity Fund | Portfolio Managers’ Report |
| Geographic Diversification as of August 31, 2019 (as a percentage of net assets) | | |||
| | | | ||
| China | | | 32.0% | |
| South Korea | | | 11.8% | |
| Taiwan | | | 11.1% | |
| India | | | 8.1% | |
| Brazil | | | 6.9% | |
| South Africa | | | 5.8% | |
| Russia | | | 4.9% | |
| Indonesia | | | 3.0% | |
| Mexico | | | 2.7% | |
| Malaysia | | | 2.4% | |
| Countries between 0.1% – 1.5%^ | | | 9.1% | |
| Assets in Excess of Other Liabilities* | | | 2.2% | |
| Net Assets | | | 100.0% | |
| * Includes exchange-traded funds. | | |||
| ^ Includes 14 countries, which each represents 0.1% – 1.5% of net assets. | | |||
| Portfolio holdings are subject to change daily. | |
| Top Ten Holdings as of August 31, 2019 (as a percentage of net assets) | | |||
| | | | ||
| Alibaba Group Holding Ltd. ADR | | | 4.2% | |
| Tencent Holdings Ltd. | | | 3.9% | |
| Taiwan Semiconductor Manufacturing Co., Ltd. | | | 3.5% | |
| Samsung Electronics Co., Ltd. | | | 2.9% | |
| iShares MSCI Emerging Markets ETF | | | 1.6% | |
| China Mobile Ltd. | | | 1.3% | |
| Industrial & Commercial Bank of China - H Shares | | | 1.3% | |
| Lukoil PJSC | | | 1.2% | |
| Ping An Insurance Group Co. of China Ltd. -H Shares | | | 1.2% | |
| Tata Consultancy Services Ltd. | | | 1.2% | |
| Portfolio holdings are subject to change daily. | |
Portfolio Managers’ Report | Voya Emerging Markets High Dividend Equity Fund |
Voya Emerging Markets High Dividend Equity Fund | Portfolio Managers’ Report |
| ASSETS: | | ||||||
| Investments in securities at fair value* | | | | $ | 147,544,131 | | |
| Foreign currencies at value** | | | | | 8,707,179 | | |
| Receivables: | | | |||||
| Investment securities and currencies sold | | | | | 2,688,310 | | |
| Dividends | | | | | 405,523 | | |
| Foreign tax reclaims | | | | | 6,821 | | |
| Unrealized appreciation on forward foreign currency contracts | | | | | 506 | | |
| Prepaid expenses | | | | | 65 | | |
| Other assets | | | | | 6,357 | | |
| Total assets | | | | | 159,358,892 | | |
| LIABILITIES: | | | |||||
| Payable for investment securities and currencies purchased | | | | | 8,929,647 | | |
| Unrealized depreciation on forward foreign currency contracts | | | | | 1,610 | | |
| Payable for investment management fees | | | | | 143,605 | | |
| Payable to custodian due to bank overdraft | | | | | 875,181 | | |
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 6,357 | | |
| Payable for trustee fees | | | | | 799 | | |
| Other accrued expenses and liabilities | | | | | 222,475 | | |
| Written options, at fair value^ | | | | | 779,320 | | |
| Total liabilities | | | | | 10,958,994 | | |
| NET ASSETS | | | | $ | 148,399,898 | | |
| NET ASSETS WERE COMPRISED OF: | | | | | | | |
| Paid-in capital | | | | $ | 233,010,269 | | |
| Total distributable loss | | | | | (84,610,371) | | |
| NET ASSETS | | | | $ | 148,399,898 | | |
| * Cost of investments in securities | | | | $ | 154,326,716 | | |
| ** Cost of foreign currencies | | | | $ | 8,708,086 | | |
| ^ Premiums received on written options | | | | $ | 668,790 | | |
| Net assets | | | | $ | 148,399,898 | | |
| Shares authorized | | | | | unlimited | | |
| Par value | | | | $ | 0.010 | | |
| Shares outstanding | | | | | 19,039,289 | | |
| Net asset value | | | | $ | 7.79 | | |
| INVESTMENT INCOME: | | | | | | | |
| Dividends, net of foreign taxes withheld* | | | | $ | 3,946,865 | | |
| Total investment income | | | | | 3,946,865 | | |
| EXPENSES: | | | | | | | |
| Investment management fees | | | | | 954,567 | | |
| Transfer agent fees | | | | | 10,396 | | |
| Shareholder reporting expense | | | | | 25,024 | | |
| Professional fees | | | | | 34,592 | | |
| Custody and accounting expense | | | | | 106,237 | | |
| Trustee fees | | | | | 3,197 | | |
| Miscellaneous expense | | | | | 17,130 | | |
| Total expenses | | | | | 1,151,143 | | |
| Net investment income | | | | | 2,795,722 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
| Investments (net of Indian capital gains tax withheld^) (net of Brazilian capital gains tax withheld^^) | | | | | (6,137,497) | | |
| Forward foreign currency contracts | | | | | 383 | | |
| Foreign currency related transactions | | | | | (200,900) | | |
| Written options | | | | | 399,237 | | |
| Net realized loss | | | | | (5,938,777) | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
| Investments | | | | | (10,162,594) | | |
| Forward foreign currency contracts | | | | | (1,104) | | |
| Foreign currency related transactions | | | | | (5,854) | | |
| Written options | | | | | (432,272) | | |
| Net change in unrealized appreciation (depreciation) | | | | | (10,601,824) | | |
| Net realized and unrealized loss | | | | | (16,540,601) | | |
| Decrease in net assets resulting from operations | | | | $ | (13,744,879) | | |
| * Foreign taxes withheld | | | | $ | 494,824 | | |
| ^ Foreign taxes on sale of Indian investments | | | | $ | 32,598 | | |
| ^^ Foreign taxes on sale of Brazilian investments | | | | $ | 234 | | |
| | | Six Months Ended August 31, 2019 (Unaudited) | | | Year Ended February 28, 2019 | | ||||||
FROM OPERATIONS: | | | | | | | | | | | | | |
Net investment income | | | | $ | 2,795,722 | | | | | $ | 3,758,338 | | |
Net realized gain (loss) | | | | | (5,938,777) | | | | | | 1,022,749 | | |
Net change in unrealized appreciation (depreciation) | | | | | (10,601,824) | | | | | | (9,392,710) | | |
Decrease in net assets resulting from operations | | | | | (13,744,879) | | | | | | (4,611,623) | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | ||||||||||
Total distributions (excluding return of capital): | | | | | (2,470,019) | | | | | | (3,253,914) | | |
Return of capital | | | | | (4,574,517) | | | | | | (10,832,878) | | |
Total distributions | | | | | (7,044,536) | | | | | | (14,086,792) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | |
Reinvestment of distributions | | | | | — | | | | | | 117,842 | | |
| | | | | — | | | | | | 117,842 | | |
Net increase in net assets resulting from capital share transactions | | | | | — | | | | | | 117,842 | | |
Net decrease in net assets | | | | | (20,789,415) | | | | | | (18,580,573) | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 169,189,313 | | | | | | 187,769,886 | | |
End of year or period | | | | $ | 148,399,898 | | | | | $ | 169,189,313 | | |
| | | 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 | | | Payment by affiliate | | | Net asset value, end of year or period | | | Market value, end of year or period | | | Total investment return at net asset value(1) | | | Total investment return at market value(2) | | | Net assets, end of year or period (000’s) | | | Gross expenses prior to expense waiver/recoupment(3) | | | Net expenses after expense waiver/recoupment(3) | | | Net investment income (loss)(3) | | | Portfolio turnover rate | | ||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | | (%) | | | (%) | | | (%) | | ||||||||||||||||||||||||||||||||||||||||||||||||
08-31-19+ | | | | | 8.89 | | | | | | 0.15• | | | | | | (0.88) | | | | | | (0.73) | | | | | | 0.13 | | | | | | — | | | | | | 0.24 | | | | | | 0.37 | | | | | | — | | | | | | 7.79 | | | | | | 6.88 | | | | | | (8.16) | | | | | | (14.26) | | | | 148,400 | | | 1.43 | | | | | 1.43 | | | | | | 3.47 | | | | | | 92 | | |
02-28-19 | | | | | 9.87 | | | | | | 0.20 | | | | | | (0.44) | | | | | | (0.24) | | | | | | 0.17 | | | | | | — | | | | | | 0.57 | | | | | | 0.74 | | | | | | — | | | | | | 8.89 | | | | | | 8.41 | | | | | | (1.39) | | | | | | (2.23) | | | | 169,189 | | | 1.47 | | | | | 1.47 | | | | | | 2.21 | | | | | | 53 | | |
02-28-18 | | | | | 9.24 | | | | | | 0.18 | | | | | | 1.19 | | | | | | 1.37 | | | | | | 0.18 | | | | | | — | | | | | | 0.56 | | | | | | 0.74 | | | | | | — | | | | | | 9.87 | | | | | | 9.42 | | | | | | 15.77 | | | | | | 22.67 | | | | 187,770 | | | 1.44 | | | | | 1.44 | | | | | | 1.82 | | | | | | 41 | | |
02-28-17 | | | | | 7.81 | | | | | | 0.18 | | | | | | 2.13 | | | | | | 2.31 | | | | | | 0.19 | | | | | | — | | | | | | 0.69 | | | | | | 0.88 | | | | | | — | | | | | | 9.24 | | | | | | 8.32 | | | | | | 32.30 | | | | | | 38.66 | | | | 175,716 | | | 1.43 | | | | | 1.43 | | | | | | 2.06 | | | | | | 39 | | |
02-29-16 | | | | | 11.57 | | | | | | 0.20 | | | | | | (2.92) | | | | | | (2.72) | | | | | | 0.21 | | | | | | — | | | | | | 0.83 | | | | | | 1.04 | | | | | | — | | | | | | 7.81 | | | | | | 6.71 | | | | | | (23.98) | | | | | | (28.30) | | | | 152,682 | | | 1.47 | | | | | 1.47 | | | | | | 1.99 | | | | | | 30 | | |
02-28-15 | | | | | 12.50 | | | | | | 0.30• | | | | | | (0.08) | | | | | | 0.22 | | | | | | 0.34 | | | | | | — | | | | | | 0.81 | | | | | | 1.15 | | | | | | — | | | | | | 11.57 | | | | | | 10.54 | | | | | | 2.21 | | | | | | 2.01 | | | | 226,152 | | | 1.42 | | | | | 1.42 | | | | | | 2.35 | | | | | | 40 | | |
02-28-14 | | | | | 14.53 | | | | | | 0.34• | | | | | | (1.17) | | | | | | (0.83) | | | | | | 0.29 | | | | | | — | | | | | | 1.00 | | | | | | 1.29 | | | | | | 0.09 | | | | | | 12.50 | | | | | | 11.41 | | | | | | (4.89) | | | | | | (16.62) | | | | 244,220 | | | 1.41 | | | | | 1.41 | | | | | | 2.58 | | | | | | 50 | | |
02-28-13 | | | | | 16.60 | | | | | | 0.30• | | | | | | (0.85) | | | | | | (0.55) | | | | | | 0.31 | | | | | | — | | | | | | 1.21 | | | | | | 1.52 | | | | | | — | | | | | | 14.53 | | | | | | 15.13 | | | | | | (2.95) | | | | | | 5.58 | | | | 282,611 | | | 1.44 | | | | | 1.44 | | | | | | 2.03 | | | | | | 66 | | |
04-26-11(4) - 02-29-12 | | | | | 19.06 | | | | | | 0.24• | | | | | | (1.50) | | | | | | (1.26) | | | | | | 0.17 | | | | | | — | | | | | | 1.03 | | | | | | 1.20 | | | | | | — | | | | | | 16.60 | | | | | | 15.89 | | | | | | (5.96) | | | | | | (14.21) | | | | 319,565 | | | 1.43 | | | | | 1.43 | | | | | | 1.77 | | | | | | 61 | | |
| | | Reinvestment of distributions | | | Shares repurchased | | | Net increase (decrease) in shares outstanding | | | Reinvestment of distributions | | | Shares repurchased, net of commissions | | | Net increase (decrease) | | ||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||
8/31/2019 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
2/28/2019 | | | | | 12,339 | | | | | | — | | | | | | 12,339 | | | | | | 117,842 | | | | | | — | | | | | | 117,842 | | |
| Six Months Ended August 31, 2019 | | | Year Ended February 28, 2019 | | |||||||||||||||
| Ordinary Income | | | Return of Capital | | | Ordinary Income | | | Return of Capital | | |||||||||
| $2,470,019 | | | | $ | 4,574,517 | | | | | $ | 3,253,914 | | | | | $ | 10,832,878 | | |
| Unrealized Appreciation/ (Depreciation) | | | Capital Loss Carryforwards | | |||||||||||||||
| Amount | | | Character | | | Expiration | | ||||||||||||
| $(7,231,433) | | | | $ | (4,490,594) | | | | | | Short-term | | | | | | None | | |
| | | | | | (72,883,821) | | | | | | Long-term | | | | | | None | | |
| | | | | $ | (77,374,415) | | | | | | | | | | | | | | |
|
| Per Share Amount | | | Declaration Date | | | Payable Date | | | Record Date | | |||||||||
| $0.180 | | | | | 9/19/2019 | | | | | | 10/15/2019 | | | | | | 10/2/2019 | | |
Voya Emerging Markets High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Fund | as of August 31, 2019 (Unaudited) |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: 92.4% | | ||||||||||||||||||
| | | | | | | Argentina: 0.5% | | ||||||||||||
| | | 96,550 | | | | Other Securities | | | | $ | 735,090 | | | | | | 0.5 | | |
| | | | | | | Brazil: 4.6% | | ||||||||||||
| | | 167,771 | | | | Atacadao Distribuicao Comercio e Industria Ltd. | | | | | 904,691 | | | | | | 0.6 | | |
| | | 80,617 | | | | Sul America SA | | | | | 934,464 | | | | | | 0.6 | | |
| | | 143,691 | | | | Vale SA | | | | | 1,581,954 | | | | | | 1.1 | | |
| | | 352,784 | | | | Other Securities | | | | | 3,425,318 | | | | | | 2.3 | | |
| | | | | | | | | | | | 6,846,427 | | | | | | 4.6 | | |
| | | | | | | Chile: 1.0% | | ||||||||||||
| | | 10,483,734 | | | | Enel Chile SA | | | | | 903,961 | | | | | | 0.6 | | |
| | | 46,756 | | | | Other Securities | | | | | 530,670 | | | | | | 0.4 | | |
| | | | | | | | | | | | 1,434,631 | | | | | | 1.0 | | |
| | | | | | | China: 32.0% | | ||||||||||||
| | | 35,754 | (1) | | Alibaba Group Holding Ltd. ADR | | | | | 6,258,023 | | | | | | 4.2 | | | |
| | | 160,000 | | | | Anhui Conch Cement Co., Ltd. - H Shares | | | | | 898,130 | | | | | | 0.6 | | |
| | | 1,089,000 | (2) | | BAIC Motor Corp. Ltd. - H Shares | | | | | 612,140 | | | | | | 0.4 | | | |
| | | 1,873,000 | | | | China Construction Bank - H Shares | | | | | 1,391,854 | | | | | | 0.9 | | |
| | | 239,000 | | | | China Mobile Ltd. | | | | | 1,977,627 | | | | | | 1.3 | | |
| | | 1,824,000 | | | | China Petroleum & Chemical Corp. - H Shares | | | | | 1,064,004 | | | | | | 0.7 | | |
| | | 740,000 | | | | China Resources Cement Holdings Ltd. - H Shares | | | | | 653,851 | | | | | | 0.5 | | |
| | | 154,000 | | | | China Resources Land Ltd. | | | | | 624,342 | | | | | | 0.4 | | |
| | | 357,500 | (2) | | China Resources Pharmaceutical Group Ltd. | | | | | 368,495 | | | | | | 0.3 | | | |
| | | 459,000 | | | | China Shenhua Energy Co., Ltd. - H Shares | | | | | 900,715 | | | | | | 0.6 | | |
| | | 593,000 | | | | CNOOC Ltd. | | | | | 878,480 | | | | | | 0.6 | | |
| | | 222,500 | (2) | | Dali Foods Group Co. Ltd. | | | | | 147,953 | | | | | | 0.1 | | | |
| | | 84,000 | (2) | | Hua Hong Semiconductor Ltd. | | | | | 139,990 | | | | | | 0.1 | | | |
| | | 3,106,592 | | | | Industrial & Commercial Bank of China - H Shares | | | | | 1,959,194 | | | | | | 1.3 | | |
| | | 264,000 | (2) | | Luye Pharma Group Ltd. - H Shares | | | | | 204,394 | | | | | | 0.1 | | | |
| | | 22,789 | | | | Momo, Inc. ADR | | | | | 838,179 | | | | | | 0.6 | | |
| | | 152,000 | | | | Ping An Insurance Group Co. of China Ltd. - H Shares | | | | | 1,743,898 | | | | | | 1.2 | | |
| | | 1,574,000 | (2) | | Postal Savings Bank of China Co. Ltd. - H Shares | | | | | 946,509 | | | | | | 0.6 | | | |
| | | 138,600 | | | | Tencent Holdings Ltd. | | | | | 5,722,175 | | | | | | 3.9 | | |
| | | 25,001,390 | | | | Other Securities | | | | | 20,099,914 | | | | | | 13.6 | | |
| | | | | | | | | | | | 47,429,867 | | | | | | 32.0 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Czech Republic: 0.1% | | ||||||||||||
| | | 68,042 | (2) | | Moneta Money Bank AS | | | | $ | 220,476 | | | | | | 0.1 | | | |
| | | | | | | Egypt: 0.6% | | ||||||||||||
| | | 387,943 | | | | Other Securities | | | | | 857,217 | | | | | | 0.6 | | |
| | | | | | | Hungary: 0.4% | | ||||||||||||
| | | 13,413 | | | | Other Securities | | | | | 534,838 | | | | | | 0.4 | | |
| | | | | | | India: 8.1% | | ||||||||||||
| | | 68,186 | | | | HCL Technologies Ltd. | | | | | 1,050,719 | | | | | | 0.7 | | |
| | | 57,069 | | | | Hindustan Unilever Ltd. | | | | | 1,504,479 | | | | | | 1.0 | | |
| | | 97,876 | | | | Infosys Ltd. | | | | | 1,117,195 | | | | | | 0.8 | | |
| | | 5,982 | | | | Nestle India Ltd. | | | | | 1,078,989 | | | | | | 0.7 | | |
| | | 54,366 | | | | Tata Consultancy Services Ltd. | | | | | 1,720,343 | | | | | | 1.2 | | |
| | | 92,588 | | | | Tech Mahindra Ltd. | | | | | 899,113 | | | | | | 0.6 | | |
| | | 265,873 | | | | Wipro Ltd. | | | | | 948,140 | | | | | | 0.6 | | |
| | | 1,161,232 | | | | Other Securities | | | | | 3,673,187 | | | | | | 2.5 | | |
| | | | | | | | | | | | 11,992,165 | | | | | | 8.1 | | |
| | | | | | | Indonesia: 3.0% | | ||||||||||||
| | | 638,300 | | | | Bank Central Asia Tbk PT | | | | | 1,369,961 | | | | | | 0.9 | | |
| | | 1,728,000 | | | | Bank Mandiri Persero TBK PT | | | | | 878,598 | | | | | | 0.6 | | |
| | | 9,641,800 | | | | Other Securities | | | | | 2,189,630 | | | | | | 1.5 | | |
| | | | | | | | | | | | 4,438,189 | | | | | | 3.0 | | |
| | | | | | | Malaysia: 2.4% | | ||||||||||||
| | | 1,805,500 | | | | Other Securities | | | | | 3,536,383 | | | | | | 2.4 | | |
| | | | | | | Mexico: 2.7% | | ||||||||||||
| | | 1,023,528 | | | | Alfa SA de CV | | | | | 876,879 | | | | | | 0.6 | | |
| | | 1,601,438 | | | | America Movil SAB de CV | | | | | 1,171,423 | | | | | | 0.8 | | |
| | | 697,914 | | | | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | | | | | 886,953 | | | | | | 0.6 | | |
| | | 247,868 | | | | Other Securities | | | | | 1,155,278 | | | | | | 0.7 | | |
| | | | | | | | | | | | 4,090,533 | | | | | | 2.7 | | |
| | | | | | | Peru: 0.6% | | ||||||||||||
| | | 4,104 | | | | Credicorp Ltd. | | | | | 850,021 | | | | | | 0.6 | | |
| | | | | | | Philippines: 0.1% | | ||||||||||||
| | | 4,650 | | | | Other Securities | | | | | 181,328 | | | | | | 0.1 | | |
| | | | | | | Poland: 0.6% | | ||||||||||||
| | | 89,478 | (3) | | Other Securities | | | | | 899,271 | | | | | | 0.6 | | | |
| | | | | | | Qatar: 0.7% | | ||||||||||||
| | | 641,323 | | | | Other Securities | | | | | 1,012,578 | | | | | | 0.7 | | |
| | | | | | | Russia: 4.9% | | ||||||||||||
| | | 15,402,066 | | | | Inter RAO UES PJSC | | | | | 990,795 | | | | | | 0.7 | | |
| | | 22,651 | | | | Lukoil PJSC | | | | | 1,828,550 | | | | | | 1.2 | | |
| | | 64,494 | | | | Severstal PJSC | | | | | 969,700 | | | | | | 0.7 | | |
| | | 3,046,604 | | | | Surgutneftegas PJSC | | | | | 1,253,044 | | | | | | 0.8 | | |
Voya Emerging Markets High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Fund | as of August 31, 2019 (Unaudited) (continued) |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Russia (continued) | | ||||||||||||
| | | 1,206,867 | | | | Other Securities | | | | $ | 2,184,743 | | | | | | 1.5 | | |
| | | | | | | | | | | | 7,226,832 | | | | | | 4.9 | | |
| | | | | | | Saudi Arabia: 1.3% | | ||||||||||||
| | | 78,632 | | | | Al Rajhi Bank | | | | | 1,269,193 | | | | | | 0.9 | | |
| | | 35,565 | | | | Other Securities | | | | | 653,802 | | | | | | 0.4 | | |
| | | | | | | | | | | | 1,922,995 | | | | | | 1.3 | | |
| | | | | | | South Africa: 5.8% | | ||||||||||||
| | | 7,448 | | | | Naspers Ltd. | | | | | 1,694,910 | | | | | | 1.1 | | |
| | | 112,675 | | | | Standard Bank Group Ltd. | | | | | 1,318,341 | | | | | | 0.9 | | |
| | | 1,688,681 | | | | Other Securities | | | | | 5,682,789 | | | | | | 3.8 | | |
| | | | | | | | | | | | 8,696,040 | | | | | | 5.8 | | |
| | | | | | | South Korea: 8.9% | | ||||||||||||
| | | 20,729 | | | | GS Engineering & Construction Corp. | | | | | 555,611 | | | | | | 0.4 | | |
| | | 14,543 | | | | GS Holdings Corp. | | | | | 577,076 | | | | | | 0.4 | | |
| | | 7,675 | (2) | | Orange Life Insurance Ltd. | | | | | 170,889 | | | | | | 0.1 | | | |
| | | 23,157 | | | | Kia Motors Corp. | | | | | 835,875 | | | | | | 0.5 | | |
| | | 9,939 | | | | Samsung Electro-Mechanics Co. Ltd. | | | | | 732,423 | | | | | | 0.5 | | |
| | | 3,272 | | | | Samsung Fire & Marine Insurance Co. Ltd. | | | | | 618,607 | | | | | | 0.4 | | |
| | | 31,694 | | | | Shinhan Financial Group Co., Ltd. | | | | | 1,066,829 | | | | | | 0.7 | | |
| | | 3,135 | | | | SK Holdings Co. Ltd. | | | | | 518,395 | | | | | | 0.3 | | |
| | | 24,747 | | | | SK Hynix, Inc. | | | | | 1,584,815 | | | | | | 1.1 | | |
| | | 2,040 | | | | SK Telecom Co., Ltd. | | | | | 403,272 | | | | | | 0.3 | | |
| | | 413,495 | | | | Other Securities | | | | | 6,195,790 | | | | | | 4.2 | | |
| | | | | | | | | | | | 13,259,582 | | | | | | 8.9 | | |
| | | | | | | Taiwan: 11.1% | | ||||||||||||
| | | 658,000 | | | | Lite-On Technology Corp. | | | | | 1,046,736 | | | | | | 0.7 | | |
| | | 350,000 | | | | Powertech Technology, Inc. | | | | | 835,936 | | | | | | 0.5 | | |
| | | 124,000 | | | | Realtek Semiconductor Corp. | | | | | 848,065 | | | | | | 0.6 | | |
| | | 628,962 | | | | Taiwan Semiconductor Manufacturing Co., Ltd. | | | | | 5,167,948 | | | | | | 3.5 | | |
| | | 406,000 | | | | Uni-President Enterprises Corp. | | | | | 990,051 | | | | | | 0.7 | | |
| | | 298,000 | | | | Zhen Ding Technology Holding Ltd. | | | | | 1,101,068 | | | | | | 0.7 | | |
| | | 4,512,000 | | | | Other Securities | | | | | 6,479,365 | | | | | | 4.4 | | |
| | | | | | | | | | | | 16,469,169 | | | | | | 11.1 | | |
| | | | | | | Thailand: 1.5% | | ||||||||||||
| | | 3,136,500 | | | | Other Securities | | | | | 2,238,933 | | | | | | 1.5 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | Turkey: 0.6% | | ||||||||||||
| | | 611,650 | | | | Haci Omer Sabanci Holding AS | | | | $ | 922,547 | | | | | | 0.6 | | |
| | | | | | | United Arab Emirates: 0.9% | | ||||||||||||
| | | 508,804 | | | | Other Securities | | | | | 1,392,650 | | | | | | 0.9 | | |
| | | | | | | Total Common Stock (Cost $144,280,122) | | | | | 137,187,762 | | | | | | 92.4 | | |
| EXCHANGE-TRADED FUNDS: 1.6% | | ||||||||||||||||||
| | | 58,673 | | | | iShares MSCI Emerging Markets ETF | | | | | 2,358,068 | | | | | | 1.6 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $2,370,615) | | | | | 2,358,068 | | | | | | 1.6 | | |
| PREFERRED STOCK: 5.4% | | ||||||||||||||||||
| | | | | | | Brazil: 2.3% | | ||||||||||||
| | | 491,419 | | | | Investimentos Itau SA | | | | | 1,463,221 | | | | | | 1.0 | | |
| | | 219,271 | | | | Petroleo Brasileiro SA | | | | | 1,345,490 | | | | | | 0.9 | | |
| | | 43,406 | | | | Other Securities | | | | | 624,283 | | | | | | 0.4 | | |
| | | | | | | | | | | | 3,432,994 | | | | | | 2.3 | | |
| | | | | | | Colombia: 0.2% | | ||||||||||||
| | | 896,116 | | | | Other Securities | | | | | 333,182 | | | | | | 0.2 | | |
| | | | | | | South Korea: 2.9% | | ||||||||||||
| | | 138,906 | | | | Samsung Electronics Co., Ltd. | | | | | 4,232,125 | | | | | | 2.9 | | |
| | | | | | | Total Preferred Stock (Cost $7,675,979) | | | | | 7,998,301 | | | | | | 5.4 | | |
| | | | | | | Total Investments in Securities (Cost $154,326,716) | | | | $ | 147,544,131 | | | | | | 99.4 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 855,767 | | | | | | 0.6 | | |
| | | | | | | Net Assets | | | | $ | 148,399,898 | | | | | | 100.0 | | |
|
Voya Emerging Markets High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Fund | as of August 31, 2019 (Unaudited) (continued) |
Sector Diversification | | | Percentage of Net Assets | | |||
Financials | | | | | 23.2% | | |
Information Technology | | | | | 17.4 | | |
Consumer Discretionary | | | | | 12.1 | | |
Communication Services | | | | | 8.9 | | |
Energy | | | | | 8.3 | | |
Materials | | | | | 6.5 | | |
Consumer Staples | | | | | 6.4 | | |
Sector Diversification | | | Percentage of Net Assets | | |||
Industrials | | | | | 5.9 | | |
Real Estate | | | | | 3.5 | | |
Health Care | | | | | 3.0 | | |
Utilities | | | | | 2.6 | | |
Exchange-Traded Funds | | | | | 1.6 | | |
Assets in Excess of Other Liabilities | | | | | 0.6 | | |
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 | | | | | | | | | | | | | | | | | | | | | | | | | |
Argentina | | | | $ | 735,090 | | | | | $ | — | | | | | $ | — | | | | | $ | 735,090 | | |
Brazil | | | | | 6,846,427 | | | | | | — | | | | | | — | | | | | | 6,846,427 | | |
Chile | | | | | 1,434,631 | | | | | | — | | | | | | — | | | | | | 1,434,631 | | |
China | | | | | 7,835,346 | | | | | | 39,594,521 | | | | | | — | | | | | | 47,429,867 | | |
Czech Republic | | | | | — | | | | | | 220,476 | | | | | | — | | | | | | 220,476 | | |
Egypt | | | | | 857,217 | | | | | | — | | | | | | — | | | | | | 857,217 | | |
Hungary | | | | | — | | | | | | 534,838 | | | | | | — | | | | | | 534,838 | | |
India | | | | | 1,720,343 | | | | | | 10,271,822 | | | | | | — | | | | | | 11,992,165 | | |
Indonesia | | | | | — | | | | | | 4,438,189 | | | | | | — | | | | | | 4,438,189 | | |
Malaysia | | | | | — | | | | | | 3,536,383 | | | | | | — | | | | | | 3,536,383 | | |
Mexico | | | | | 4,090,533 | | | | | | — | | | | | | — | | | | | | 4,090,533 | | |
Peru | | | | | 850,021 | | | | | | — | | | | | | — | | | | | | 850,021 | | |
Philippines | | | | | 181,328 | | | | | | — | | | | | | — | | | | | | 181,328 | | |
Poland | | | | | — | | | | | | 899,271 | | | | | | — | | | | | | 899,271 | | |
Qatar | | | | | 1,012,578 | | | | | | — | | | | | | — | | | | | | 1,012,578 | | |
Russia | | | | | — | | | | | | 7,226,832 | | | | | | — | | | | | | 7,226,832 | | |
Saudi Arabia | | | | | — | | | | | | 1,922,995 | | | | | | — | | | | | | 1,922,995 | | |
South Africa | | | | | 2,296,423 | | | | | | 6,399,617 | | | | | | — | | | | | | 8,696,040 | | |
South Korea | | | | | 618,607 | | | | | | 12,640,975 | | | | | | — | | | | | | 13,259,582 | | |
Taiwan | | | | | — | | | | | | 16,469,169 | | | | | | — | | | | | | 16,469,169 | | |
Thailand | | | | | — | | | | | | 2,238,933 | | | | | | — | | | | | | 2,238,933 | | |
Turkey | | | | | — | | | | | | 922,547 | | | | | | — | | | | | | 922,547 | | |
United Arab Emirates | | | | | — | | | | | | 1,392,650 | | | | | | — | | | | | | 1,392,650 | | |
Total Common Stock | | | | | 28,478,544 | | | | | | 108,709,218 | | | | | | — | | | | | | 137,187,762 | | |
Exchange-Traded Funds | | | | | 2,358,068 | | | | | | — | | | | | | — | | | | | | 2,358,068 | | |
Preferred Stock | | | | | 3,766,176 | | | | | | 4,232,125 | | | | | | — | | | | | | 7,998,301 | | |
Total Investments, at fair value | | | | $ | 34,602,788 | | | | | $ | 112,941,343 | | | | | $ | — | | | | | $ | 147,544,131 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | | — | | | | | | 506 | | | | | | — | | | | | | 506 | | |
Total Assets | | | | $ | 34,602,788 | | | | | $ | 112,941,849 | | | | | $ | — | | | | | $ | 147,544,637 | | |
|
Voya Emerging Markets High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity 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 | | ||||||||||||
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | (1,610) | | | | | $ | — | | | | | $ | (1,610) | | |
Written Options | | | | | — | | | | | | (779,320) | | | | | | — | | | | | | (779,320) | | |
Total Liabilities | | | | $ | — | | | | | $ | (780,930) | | | | | $ | — | | | | | $ | (780,930) | | |
|
Currency Purchased | | | Currency Sold | | | Counterparty | | | Settlement Date | | | Unrealized Appreciation (Depreciation) | | |||
USD 320,100 | | | TRY 1,862,114 | | | Bank of America N.A. | | | 09/03/19 | | | | $ | 506 | | |
USD 131,599 | | | ZAR 2,020,617 | | | State Street Bank and Trust Co. | | | 09/03/19 | | | | | (1,610) | | |
| | | | | | | | | | | | | $ | (1,104) | | |
Description | | | Counterparty | | | Put/Call | | | Expiration Date | | | Exercise Price | | | Number of Contracts | | | Notional Amount | | | Premiums Received | | | Fair Value | | |||||||||||||||
iShares MSCI Emerging Markets ETF | | | Barclays Bank PLC | | | | | Call | | | | | | 09/06/19 | | | | USD 39.870 | | | | | 373,715 | | | | USD 15,019,606 | | | | $ | 307,679 | | | | | $ | (223,156) | | |
iShares MSCI Emerging Markets ETF | | | Societe Generale | | | | | Call | | | | | | 09/20/19 | | | | USD 39.050 | | | | | 379,001 | | | | USD 15,232,050 | | | | | 361,111 | | | | | | (556,164) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 668,790 | | | | | $ | (779,320) | | |
TRY | – | Turkish Lira |
USD | – | United States Dollar |
ZAR | – | South African Rand |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Foreign exchange contracts | | | Unrealized depreciation on forward foreign currency contracts | | | | $ | 506 | | |
Total Asset Derivatives | | | | | | | $ | 506 | | |
Liability Derivatives | | | | | | | | | | |
Foreign exchange contracts | | | Unrealized depreciation on forward foreign currency contracts | | | | $ | 1,610 | | |
Equity contracts | | | Written options, at fair value | | | | | 779,320 | | |
Total Liability Derivatives | | | | | | | $ | 780,930 | | |
Voya Emerging Markets High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Fund | as of August 31, 2019 (Unaudited) (continued) |
Derivatives not accounted for as hedging instruments | | | Forward foreign currency contracts | | | Written options | | | Total | | |||||||||
Foreign exchange contracts | | | | $ | 383 | | | | | $ | — | | | | | $ | 383 | | |
Equity contracts | | | | | — | | | | | | 399,237 | | | | | | 399,237 | | |
Total | | | | $ | 383 | | | | | $ | 399,237 | | | | | $ | 399,620 | | |
Derivatives not accounted for as hedging instruments | | | Forward foreign currency contracts | | | Written options | | | Total | | |||||||||
Foreign exchange contracts | | | | $ | (1,104) | | | | | $ | — | | | | | $ | (1,104) | | |
Equity contracts | | | | | — | | | | | | (432,272) | | | | | | (432,272) | | |
Total | | | | $ | (1,104) | | | | | $ | (432,272) | | | | | $ | (433,376) | | |
| | | Bank of America N.A. | | | Barclays Bank PLC | | | Societe Generale | | | State Street Bank and Trust Co. | | | Totals | | |||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | 506 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 506 | | |
Total Assets | | | | $ | 506 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 506 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 1,610 | | | | | $ | 1,610 | | |
Written options | | | | | — | | | | | | 223,156 | | | | | | 556,164 | | | | | | — | | | | | | 779,320 | | |
Total Liabilities | | | | $ | — | | | | | $ | 223,156 | | | | | $ | 556,164 | | | | | $ | 1,610 | | | | | $ | 780,930 | | |
Net OTC derivative instruments by counterparty, at fair value | | | | $ | 506 | | | | | $ | (223,156) | | | | | $ | (556,164) | | | | | $ | (1,610) | | | | | $ | (780,424) | | |
Total collateral pledged by the Fund/(Received from counterparty) | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Net Exposure(1) | | | | $ | 506 | | | | | $ | (223,156) | | | | | $ | (556,164) | | | | | $ | (1,610) | | | | | $ | (780,424) | | |
| Cost for federal income tax purposes was $162,695,461. | | | |||||
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 4,769,030 | | |
| Gross Unrealized Depreciation | | | | | (12,000,463) | | |
| Net Unrealized Depreciation | | | | $ | (7,231,433) | | |
| | | | | | Proposal | | | Shares voted for | | | Shares voted against or withheld | | | Shares abstained | | | Broker non-vote | | | Total Shares Voted | | ||||||||||||||||||
Class II Trustees | | | Voya Emerging Markets High Dividend Equity Fund | | | | | | | | ||||||||||||||||||||||||||||||
| | | John V. Boyer | | | | | 1* | | | | | | 17,557,025.647 | | | | | | 177,526.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,734,551.647 | | |
| | | Patricia W. Chadwick | | | | | 1* | | | | | | 17,523,692.647 | | | | | | 210,859.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,734,551.647 | | |
| | | Sheryl K. Pressler | | | | | 1* | | | | | | 17,525,312.647 | | | | | | 209,239.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,734,551.647 | | |
| | | Christopher P. Sullivan | | | | | 1* | | | | | | 17,557,025.647 | | | | | | 177,526.000 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 17,734,551.647 | | |
| Declaration Date | | | Ex Date | | | Record Date | | | Payable Date | |
| 20-Mar-19 | | | 1-Apr-19 | | | 2-Apr-19 | | | 15-Apr-19 | |
| 17-Jun-19 | | | 1-Jul-19 | | | 2-Jul-19 | | | 15-Jul-19 | |
| 16-Sep-19 | | | 1-Oct-19 | | | 2-Oct-19 | | | 15-Oct-19 | |
| 16-Dec-19 | | | 30-Dec-19 | | | 31-Dec-19 | | | 15-Jan-20 | |
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Computershare, Inc.
480 Washington Boulevard
Jersey City, New Jersey 07310-1900
The Bank of New York Mellon
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.
Complete schedule of investments filed herein.
Voya Emerging Markets High Dividend Equity Fund | PORTFOLIO OF INVESTMENTS |
as ofAugust 31, 2019 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||||
COMMON STOCK: 92.4% | ||||||||||||||||
Argentina: 0.5% | ||||||||||||||||
53,479 | Banco BBVA Argentina SA ADR | $ | 225,681 | 0.2 | ||||||||||||
9,242 | Banco Macro SA ADR | 215,431 | 0.1 | |||||||||||||
12,054 | Grupo Financiero Galicia SA ADR | 130,665 | 0.1 | |||||||||||||
21,775 | Transportadora de Gas del Sur SA ADR | 163,313 | 0.1 | |||||||||||||
735,090 | 0.5 | |||||||||||||||
Brazil: 4.6% | ||||||||||||||||
167,771 | Atacadao Distribuicao Comercio e Industria Ltd. | 904,691 | 0.6 | |||||||||||||
18,475 | Banco Santander Brasil SA | 189,658 | 0.1 | |||||||||||||
47,400 | Cia Siderurgica Nacional S.A. | 162,769 | 0.1 | |||||||||||||
25,161 | IRB Brasil Resseguros S/A | 643,760 | 0.4 | |||||||||||||
55,039 | JBS SA | 396,743 | 0.3 | |||||||||||||
51,992 | Lojas Renner SA | 635,555 | 0.4 | |||||||||||||
105,459 | Petrobras Distribuidora SA | 729,631 | 0.5 | |||||||||||||
49,258 | Porto Seguro SA | 667,202 | 0.5 | |||||||||||||
80,617 | Sul America SA | 934,464 | 0.6 | |||||||||||||
143,691 | Vale SA | 1,581,954 | 1.1 | |||||||||||||
6,846,427 | 4.6 | |||||||||||||||
Chile: 1.0% | ||||||||||||||||
46,756 | Cia Cervecerias Unidas SA | 530,670 | 0.4 | |||||||||||||
10,483,734 | Enel Chile SA | 903,961 | 0.6 | |||||||||||||
1,434,631 | 1.0 | |||||||||||||||
China: 32.0% | ||||||||||||||||
478,000 | Agile Group Holdings, Ltd. | 608,509 | 0.4 | |||||||||||||
422,000 | Air China Ltd. - H Shares | 364,205 | 0.3 | |||||||||||||
35,754 | (1) | Alibaba Group Holding Ltd. ADR | 6,258,023 | 4.2 | ||||||||||||
533,400 | Angang Steel Co., Ltd. - H Shares | 184,547 | 0.1 | |||||||||||||
160,000 | Anhui Conch Cement Co., Ltd. - H Shares | 898,130 | 0.6 | |||||||||||||
1,089,000 | (2) | BAIC Motor Corp. Ltd. - H Shares | 612,140 | 0.4 | ||||||||||||
577,000 | Bank of China Ltd. - H Shares | 220,629 | 0.2 | |||||||||||||
767,000 | Bank of Communications Co., Ltd. - H Shares | 500,970 | 0.3 | |||||||||||||
140,500 | Beijing Enterprises Holdings Ltd. | 668,171 | 0.5 | |||||||||||||
153,000 | China Aoyuan Group Ltd. | 179,545 | 0.1 | |||||||||||||
538,000 | China Coal Energy Co. - H Shares | 213,150 | 0.1 | |||||||||||||
604,000 | China Communications Services Corp., Ltd. - H Shares | 337,361 | 0.2 | |||||||||||||
1,873,000 | China Construction Bank - H Shares | 1,391,854 | 0.9 | |||||||||||||
523,000 | China Medical System Holdings Ltd. | 650,358 | 0.4 | |||||||||||||
239,000 | China Mobile Ltd. | 1,977,627 | 1.3 | |||||||||||||
692,000 | China National Building Material Co., Ltd. - H Shares | 590,791 | 0.4 | |||||||||||||
844,000 | China Oriental Group Co. Ltd. | 333,047 | 0.2 | |||||||||||||
1,824,000 | China Petroleum & Chemical Corp. - H Shares | 1,064,004 | 0.7 | |||||||||||||
802,000 | China Railway Group Ltd. - H Shares | 523,667 | 0.4 | |||||||||||||
1,158,000 | China Reinsurance Group Corp. - H Shares | 188,824 | 0.1 | |||||||||||||
740,000 | China Resources Cement Holdings Ltd. - H Shares | 653,851 | 0.4 | |||||||||||||
154,000 | China Resources Land Ltd. | 624,342 | 0.4 | |||||||||||||
357,500 | (2) | China Resources Pharmaceutical Group Ltd. | 368,495 | 0.3 | ||||||||||||
459,000 | China Shenhua Energy Co., Ltd. - H Shares | 900,715 | 0.6 | |||||||||||||
1,310,000 | China Telecom Corp., Ltd. - H Shares | 585,373 | 0.4 | |||||||||||||
206,000 | China Unicom Hong Kong Ltd. | 204,657 | 0.1 | |||||||||||||
224,400 | Chinese Universe Publishing and Media Group Co. Ltd. - A Shares | 393,852 | 0.3 | |||||||||||||
897,000 | Chongqing Rural Commercial Bank Co. Ltd. - H Shares | 432,822 | 0.3 | |||||||||||||
526,000 | CIFI Holdings Group Co. Ltd. | 281,911 | 0.2 | |||||||||||||
593,000 | CNOOC Ltd. | 878,480 | 0.6 | |||||||||||||
548,000 | Country Garden Holdings Co. Ltd. | 678,692 | 0.5 | |||||||||||||
320,000 | CSPC Pharmaceutical Group Ltd. | 637,587 | 0.4 | |||||||||||||
222,500 | (2) | Dali Foods Group Co. Ltd. | 147,953 | 0.1 | ||||||||||||
397,000 | Fosun International Ltd. | 508,893 | 0.3 | |||||||||||||
390,000 | Future Land Development Holdings Ltd. - H Shares | 307,214 | 0.2 | |||||||||||||
242,000 | Geely Automobile Holdings Ltd. | 372,793 | 0.3 | |||||||||||||
92,300 | Gemdale Corp. - A Shares | 145,028 | 0.1 | |||||||||||||
319,000 | Great Wall Motor Co. Ltd. - H Shares | 201,956 | 0.1 | |||||||||||||
562,789 | Greenland Holdings Corp. Ltd. - A Shares | 522,161 | 0.4 | |||||||||||||
380,000 | Guangzhou R&F Properties Co., Ltd. - H Shares | 609,962 | 0.4 | |||||||||||||
68,000 | Haier Electronics Group Co. Ltd. | 177,054 | 0.1 | |||||||||||||
119,400 | Haier Smart Home Co. Ltd. - A Shares | 265,857 | 0.2 | |||||||||||||
84,000 | (2) | Hua Hong Semiconductor Ltd. | 139,990 | 0.1 | ||||||||||||
3,106,592 | Industrial & Commercial Bank of China - H Shares | 1,959,194 | 1.3 | |||||||||||||
234,600 | Inner Mongolia Yitai Coal Co. Ltd. | 208,794 | 0.1 |
See Accompanying Notes to Financial Statements
Voya Emerging Markets High Dividend Equity Fund | PORTFOLIO OF INVESTMENTS |
as ofAugust 31, 2019 (Unaudited) (continued) |
407,000 | Kaisa Group Holdings Ltd. - H Shares | 140,181 | 0.1 | ||||||||||||
330,000 | Kunlun Energy Co. Ltd. | 286,874 | 0.2 | ||||||||||||
340,000 | Lee & Man Paper Manufacturing Ltd. | 179,515 | 0.1 | ||||||||||||
100,000 | Li Ning Co. Ltd. | 294,928 | 0.2 | ||||||||||||
264,000 | (2) | Luye Pharma Group Ltd. - H Shares | 204,394 | 0.1 | |||||||||||
1,518,000 | Maanshan Iron & Steel Co. Ltd. - H Shares | 568,097 | 0.4 | ||||||||||||
22,789 | Momo, Inc. ADR | 838,179 | 0.6 | ||||||||||||
403,000 | Nexteer Automotive Group Ltd. | 312,298 | 0.2 | ||||||||||||
540,000 | PICC Property & Casualty Co., Ltd. - H Shares | 617,485 | 0.4 | ||||||||||||
152,000 | Ping An Insurance Group Co. of China Ltd. - H Shares | 1,743,898 | 1.2 | ||||||||||||
1,574,000 | (2) | Postal Savings Bank of China Co. Ltd. - H Shares | 946,509 | 0.6 | |||||||||||
171,685 | RiseSun Real Estate Development Co. Ltd. - A Shares | 194,850 | 0.1 | ||||||||||||
236,500 | Sany Heavy Industry Co. Ltd. - A Shares | 446,132 | 0.3 | ||||||||||||
108,878 | Seazen Holdings Co. Ltd. - A Shares | 377,853 | 0.3 | ||||||||||||
171,300 | Shaanxi Coal Industry Co. Ltd. - A Shares | 213,371 | 0.2 | ||||||||||||
160,700 | Shanxi Lu'an Environmental Energy Development Co. Ltd. - A Shares | 166,670 | 0.1 | ||||||||||||
5,800 | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - A Shares | 151,240 | 0.1 | ||||||||||||
1,057,000 | Sihuan Pharmaceutical Holdings Group Ltd. | 188,172 | 0.1 | ||||||||||||
354,000 | Sino Biopharmaceutical Ltd. | 524,511 | 0.4 | ||||||||||||
1,392,000 | Sinopec Shanghai Petrochemical Co. Ltd. - H Shares | 400,870 | 0.3 | ||||||||||||
796,000 | Sinotrans Ltd. - H Shares | 256,121 | 0.2 | ||||||||||||
200,500 | Sinotruk Hong Kong Ltd. | 308,499 | 0.2 | ||||||||||||
138,600 | Tencent Holdings Ltd. | 5,722,175 | 3.9 | ||||||||||||
272,000 | Tong Ren Tang Technologies Co. Ltd. - H Shares | 294,891 | 0.2 | ||||||||||||
380,000 | Weichai Power Co. Ltd. - H Shares | 579,884 | 0.4 | ||||||||||||
374,964 | Xiamen C & D, Inc. - A Shares | 448,728 | 0.3 | ||||||||||||
602,000 | Yanzhou Coal Mining Co., Ltd. - H Shares | 520,014 | 0.4 | ||||||||||||
11,674 | Yum China Holdings, Inc. | 530,350 | 0.4 | ||||||||||||
47,429,867 | 32.0 | ||||||||||||||
Czech Republic: 0.1% | |||||||||||||||
68,042 | (2) | Moneta Money Bank AS | 220,476 | 0.1 | |||||||||||
Egypt: 0.6% | |||||||||||||||
127,059 | Commercial International Bank Egypt SAE | 615,564 | 0.4 | ||||||||||||
260,884 | Eastern Co. SAE | 241,653 | 0.2 | ||||||||||||
857,217 | 0.6 | ||||||||||||||
Hungary: 0.4% | |||||||||||||||
13,413 | OTP Bank Nyrt | 534,838 | 0.4 | ||||||||||||
India: 8.1% | |||||||||||||||
22,923 | Aurobindo Pharma Ltd. | 192,838 | 0.1 | ||||||||||||
155,798 | Coal India Ltd. | 403,327 | 0.3 | ||||||||||||
11,469 | Dr Reddys Laboratories Ltd. | 411,726 | 0.3 | ||||||||||||
348,106 | GAIL India Ltd. | 633,188 | 0.4 | ||||||||||||
68,378 | Glenmark Pharmaceuticals Ltd. | 367,687 | 0.2 | ||||||||||||
68,186 | HCL Technologies Ltd. | 1,050,719 | 0.7 | ||||||||||||
173,672 | Hindalco Industries Ltd. | 448,813 | 0.3 | ||||||||||||
57,069 | Hindustan Unilever Ltd. | 1,504,478 | 1.0 | ||||||||||||
97,876 | Infosys Ltd. | 1,117,195 | 0.8 | ||||||||||||
47,652 | ITC Ltd. | 164,094 | 0.1 | ||||||||||||
5,982 | Nestle India Ltd. | 1,078,989 | 0.7 | ||||||||||||
153,659 | Oil & Natural Gas Corp., Ltd. | 260,883 | 0.2 | ||||||||||||
70,092 | Petronet LNG Ltd. | 262,090 | 0.2 | ||||||||||||
54,366 | Tata Consultancy Services Ltd. | 1,720,344 | 1.2 | ||||||||||||
109,483 | Tata Steel Ltd. | 528,541 | 0.4 | ||||||||||||
92,588 | Tech Mahindra Ltd. | 899,113 | 0.6 | ||||||||||||
265,873 | Wipro Ltd. | 948,140 | 0.6 | ||||||||||||
11,992,165 | 8.1 | ||||||||||||||
Indonesia: 3.0% | |||||||||||||||
3,721,500 | Adaro Energy Tbk PT | 294,277 | 0.2 | ||||||||||||
1,036,700 | Astra International Tbk PT | 486,821 | 0.3 | ||||||||||||
638,300 | Bank Central Asia Tbk PT | 1,369,961 | 0.9 | ||||||||||||
1,728,000 | Bank Mandiri Persero TBK PT | 878,598 | 0.6 | ||||||||||||
469,300 | Bank Negara Indonesia Persero Tbk PT | 254,126 | 0.2 | ||||||||||||
825,300 | Bank Rakyat Indonesia | 247,708 | 0.2 | ||||||||||||
1,162,700 | Bukit Asam Tbk PT | 202,034 | 0.1 | ||||||||||||
33,500 | Gudang Garam Tbk PT | 163,927 | 0.1 | ||||||||||||
2,091,900 | Hanjaya Mandala Sampoerna Tbk PT | 395,986 | 0.3 | ||||||||||||
300,900 | Indah Kiat Pulp and Paper Corp. Tbk PT | 144,751 | 0.1 | ||||||||||||
4,438,189 | 3.0 | ||||||||||||||
Malaysia: 2.4% | |||||||||||||||
395,600 | AMMB Holdings Bhd | 394,598 | 0.3 | ||||||||||||
386,900 | Genting Bhd | 551,181 | 0.4 | ||||||||||||
117,500 | Hong Leong Bank BHD | 463,319 | 0.3 | ||||||||||||
51,200 | Hong Leong Financial Group Bhd | 205,148 | 0.1 | ||||||||||||
236,100 | Malayan Banking BHD | 487,491 | 0.3 | ||||||||||||
7,100 | Nestle Malaysia Bhd | 248,876 | 0.2 | ||||||||||||
103,100 | Public Bank BHD | 497,699 | 0.3 | ||||||||||||
508,000 | RHB Bank Bhd | 688,071 | 0.5 | ||||||||||||
3,536,383 | 2.4 | ||||||||||||||
Mexico: 2.7% | |||||||||||||||
1,023,528 | Alfa SA de CV | 876,879 | 0.6 | ||||||||||||
1,601,438 | America Movil SAB de CV | 1,171,423 | 0.8 | ||||||||||||
697,914 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 886,953 | 0.6 |
See Accompanying Notes to Financial Statements
Voya Emerging Markets High Dividend Equity Fund | PORTFOLIO OF INVESTMENTS |
as ofAugust 31, 2019 (Unaudited) (continued) |
44,326 | El Puerto de Liverpool SAB de CV | 229,929 | 0.1 | ||||||||||||
70,961 | Grupo Financiero Banorte | 382,892 | 0.2 | ||||||||||||
132,581 | Megacable Holdings SAB de CV | 542,457 | 0.4 | ||||||||||||
4,090,533 | 2.7 | ||||||||||||||
Peru: 0.6% | |||||||||||||||
4,104 | Credicorp Ltd. | 850,021 | 0.6 | ||||||||||||
Philippines: 0.1% | |||||||||||||||
4,650 | Globe Telecom, Inc. | 181,328 | 0.1 | ||||||||||||
Poland: 0.6% | |||||||||||||||
7,864 | (1) | Grupa Lotos SA | 169,825 | 0.1 | |||||||||||
18,901 | Jastrzebska Spolka Weglowa SA | 140,938 | 0.1 | ||||||||||||
62,713 | Powszechny Zaklad Ubezpieczen SA | 588,508 | 0.4 | ||||||||||||
899,271 | 0.6 | ||||||||||||||
Qatar: 0.7% | |||||||||||||||
519,786 | Barwa Real Estate Co. | 485,281 | 0.3 | ||||||||||||
121,537 | Qatar Islamic Bank SAQ | 527,297 | 0.4 | ||||||||||||
1,012,578 | 0.7 | ||||||||||||||
Russia: 4.9% | |||||||||||||||
15,402,066 | Inter RAO UES PJSC | 990,795 | 0.7 | ||||||||||||
22,651 | Lukoil PJSC | 1,828,550 | 1.2 | ||||||||||||
1,137,832 | Magnitogorsk Iron & Steel Works PJSC | 713,934 | 0.5 | ||||||||||||
3,047 | MMC Norilsk Nickel OJSC | 735,262 | 0.5 | ||||||||||||
64,494 | Severstal PJSC | 969,700 | 0.7 | ||||||||||||
3,046,604 | Surgutneftegas PJSC | 1,253,044 | 0.8 | ||||||||||||
65,988 | Tatneft PJSC | 735,547 | 0.5 | ||||||||||||
7,226,832 | 4.9 | ||||||||||||||
Saudi Arabia: 1.3% | |||||||||||||||
78,632 | Al Rajhi Bank | 1,269,193 | 0.9 | ||||||||||||
23,063 | Alinma Bank | 135,455 | 0.1 | ||||||||||||
12,502 | Jarir Marketing Co. | 518,347 | 0.3 | ||||||||||||
1,922,995 | 1.3 | ||||||||||||||
South Africa: 5.8% | |||||||||||||||
3,685 | Capitec Bank Holdings Ltd. | 265,988 | 0.2 | ||||||||||||
62,230 | Clicks Group Ltd. | 816,400 | 0.5 | ||||||||||||
50,419 | FirstRand Ltd. | 199,507 | 0.1 | ||||||||||||
9,912 | Kumba Iron Ore Ltd. | 257,137 | 0.2 | ||||||||||||
595,584 | Momentum Metropolitan Holdings | 645,498 | 0.4 | ||||||||||||
31,633 | Mr Price Group Ltd. | 357,752 | 0.2 | ||||||||||||
7,448 | Naspers Ltd. | 1,694,910 | 1.1 | ||||||||||||
389,901 | Netcare Ltd. | 418,874 | 0.3 | ||||||||||||
149,204 | Pick n Pay Stores Ltd. | 568,537 | 0.4 | ||||||||||||
62,020 | Spar Group Ltd. | 710,637 | 0.5 | ||||||||||||
112,675 | Standard Bank Group Ltd. | 1,318,341 | 0.9 | ||||||||||||
81,758 | Telkom SA Ltd. | 429,848 | 0.3 | ||||||||||||
119,271 | Truworths International Ltd. | 414,929 | 0.3 | ||||||||||||
28,729 | Vodacom Group Pty Ltd. | 218,083 | 0.1 | ||||||||||||
104,335 | Woolworths Holdings Ltd./South Africa | 379,599 | 0.3 | ||||||||||||
8,696,040 | 5.8 | ||||||||||||||
South Korea: 8.9% | |||||||||||||||
66,737 | BNK Financial Group, Inc. | 369,553 | 0.2 | ||||||||||||
9,320 | Daelim Industrial Co., Ltd. | 752,342 | 0.5 | ||||||||||||
9,858 | DB Insurance Co. Ltd. | 390,293 | 0.3 | ||||||||||||
22,221 | Doosan Bobcat, Inc. | 658,196 | 0.4 | ||||||||||||
20,729 | GS Engineering & Construction Corp. | 555,611 | 0.4 | ||||||||||||
14,543 | GS Holdings Corp. | 577,076 | 0.4 | ||||||||||||
31,061 | Hana Financial Group, Inc. | 834,346 | 0.6 | ||||||||||||
17,495 | Hanwha Corp. | 354,545 | 0.2 | ||||||||||||
12,095 | HDC Hyundai Development Co-Engineering & Construction | 358,397 | 0.2 | ||||||||||||
8,640 | Hyundai Marine & Fire Insurance Co., Ltd. | 170,732 | 0.1 | ||||||||||||
7,675 | (2) | Orange Life Insurance Ltd. | 170,889 | 0.1 | |||||||||||
7,784 | KB Financial Group, Inc. | 254,327 | 0.2 | ||||||||||||
23,157 | Kia Motors Corp. | 835,875 | 0.6 | ||||||||||||
10,006 | LG Electronics, Inc. | 506,832 | 0.3 | ||||||||||||
134,194 | Meritz Securities Co. Ltd. | 527,421 | 0.4 | ||||||||||||
1,163 | POSCO | 202,833 | 0.1 | ||||||||||||
9,939 | Samsung Electro-Mechanics Co. Ltd. | 732,423 | 0.5 | ||||||||||||
3,272 | Samsung Fire & Marine Insurance Co. Ltd. | 618,607 | 0.4 | ||||||||||||
31,694 | Shinhan Financial Group Co., Ltd. | 1,066,829 | 0.7 | ||||||||||||
3,135 | SK Holdings Co. Ltd. | 518,395 | 0.3 | ||||||||||||
24,747 | SK Hynix, Inc. | 1,584,815 | 1.1 | ||||||||||||
2,040 | SK Telecom Co., Ltd. | 403,272 | 0.3 | ||||||||||||
82,921 | Woori Financial Group, Inc. | 815,973 | 0.6 | ||||||||||||
13,259,582 | 8.9 | ||||||||||||||
Taiwan: 11.1% | |||||||||||||||
230,000 | Chicony Electronics Co. Ltd. | 645,710 | 0.4 | ||||||||||||
1,049,000 | China Airlines Ltd. | 308,537 | 0.2 | ||||||||||||
1,426,000 | Eva Airways Corp. | 642,145 | 0.4 | ||||||||||||
33,000 | Feng TAY Enterprise Co., Ltd. | 214,884 | 0.2 | ||||||||||||
368,000 | Foxconn Technology Co., Ltd. | 742,657 | 0.5 | ||||||||||||
86,000 | Globalwafers Co. Ltd. | 789,579 | 0.5 | ||||||||||||
2,000 | Largan Precision Co. Ltd. | 248,344 | 0.2 | ||||||||||||
658,000 | Lite-On Technology Corp. | 1,046,736 | 0.7 | ||||||||||||
92,000 | Novatek Microelectronics Corp., Ltd. | 544,932 | 0.4 | ||||||||||||
497,000 | Pou Chen Corp. | 619,893 | 0.4 | ||||||||||||
350,000 | Powertech Technology, Inc. | 835,937 | 0.6 | ||||||||||||
35,000 | President Chain Store Corp. | 325,410 | 0.2 | ||||||||||||
124,000 | Realtek Semiconductor Corp. | 848,065 | 0.6 | ||||||||||||
123,000 | Synnex Technology International Corp. | 144,836 | 0.1 | ||||||||||||
628,962 | Taiwan Semiconductor Manufacturing Co., Ltd. | 5,167,948 | 3.5 | ||||||||||||
406,000 | Uni-President Enterprises Corp. | 990,051 | 0.7 | ||||||||||||
92,000 | Walsin Technology Corp. | 461,973 | 0.3 | ||||||||||||
415,000 | Wistron Corp. | 328,754 | 0.2 |
See Accompanying Notes to Financial Statements
Voya Emerging Markets High Dividend Equity Fund | PORTFOLIO OF INVESTMENTS |
as ofAugust 31, 2019 (Unaudited)(continued) |
64,000 | Yageo Corp. | 461,710 | 0.3 | |||||||||||||
298,000 | Zhen Ding Technology Holding Ltd. | 1,101,068 | 0.7 | |||||||||||||
16,469,169 | 11.1 | |||||||||||||||
Thailand: 1.5% | ||||||||||||||||
1,243,200 | Home Product Center PCL | 730,470 | 0.5 | |||||||||||||
1,388,400 | Krung Thai Bank PCL | 779,867 | 0.5 | |||||||||||||
504,900 | PTT PCL | 728,596 | 0.5 | |||||||||||||
2,238,933 | 1.5 | |||||||||||||||
Turkey: 0.6% | ||||||||||||||||
611,650 | Haci Omer Sabanci Holding AS | 922,547 | 0.6 | |||||||||||||
United Arab Emirates: 0.9% | ||||||||||||||||
281,717 | Dubai Islamic Bank PJSC | 393,226 | 0.2 | |||||||||||||
124,658 | Emirates Telecommunications Group Co. PJSC | 573,736 | 0.4 | |||||||||||||
102,429 | First Abu Dhabi Bank PJSC | 425,688 | 0.3 | |||||||||||||
1,392,650 | 0.9 | |||||||||||||||
Total Common Stock (Cost $144,280,122) | 137,187,762 | 92.4 | ||||||||||||||
EXCHANGE-TRADED FUNDS: 1.6% | ||||||||||||||||
58,673 | iShares MSCI Emerging Markets ETF | 2,358,068 | 1.6 | |||||||||||||
Total Exchange-Traded Funds (Cost $2,370,615) | 2,358,068 | 1.6 | ||||||||||||||
PREFERRED STOCK: 5.4% | ||||||||||||||||
Brazil: 2.3% | ||||||||||||||||
30,236 | Centrais Eletricas Brasileiras SA | 345,586 | 0.2 | |||||||||||||
13,170 | Cia Brasileira de Distribuicao | 278,698 | 0.2 | |||||||||||||
491,419 | Investimentos Itau SA | 1,463,220 | 1.0 | |||||||||||||
219,271 | Petroleo Brasileiro SA | 1,345,490 | 0.9 | |||||||||||||
3,432,994 | 2.3 | |||||||||||||||
Colombia: 0.2% | ||||||||||||||||
896,116 | Grupo Aval Acciones y Valores | 333,182 | 0.2 | |||||||||||||
South Korea: 2.9% | ||||||||||||||||
138,906 | Samsung Electronics Co., Ltd. | 4,232,125 | 2.9 | |||||||||||||
Total Preferred Stock | 7,998,301 | 5.4 | ||||||||||||||
Total Investments in Securities (Cost $154,326,716) | $ | 147,544,131 | 99.4 | |||||||||||||
Assets in Excess of Other Liabilities | 855,767 | 0.6 | ||||||||||||||
Net Assets | $ | 148,399,898 | 100.0 |
ADR | American Depositary Receipt |
(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
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-2under 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 Emerging Markets High Dividend Equity 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 |