VY® CBRE Global Real Estate Portfolio | PORTFOLIO OF INVESTMENTS |
As of September 30, 2022 (Unaudited) |
Shares | Value | Percentage of Net Assets | |||
COMMON STOCK: 98.4% | |||||
Australia: 4.0% | |||||
150,573 | Charter Hall Group | $ | 1,110,395 | 0.7 | |
132,455 | Goodman Group | 1,338,702 | 0.8 | ||
433,269 | (1) | Rural Funds Group | 634,690 | 0.4 | |
1,205,637 | Scentre Group | 1,969,872 | 1.3 | ||
1,085,195 | Vicinity Centres | 1,209,977 | 0.8 | ||
6,263,636 | 4.0 | ||||
Austria: 0.5% | |||||
28,399 | CA Immobilien Anlagen AG | 844,313 | 0.5 | ||
Belgium: 1.8% | |||||
11,359 | Aedifica SA | 875,542 | 0.6 | ||
11,655 | Cofinimmo | 967,925 | 0.6 | ||
4,276 | Montea NV | 322,942 | 0.2 | ||
13,937 | Shurgard Self Storage SA | 566,602 | 0.4 | ||
2,733,011 | 1.8 | ||||
Canada: 4.6% | |||||
26,017 | (1) | Boardwalk Real Estate Investment Trust | 871,283 | 0.6 | |
87,564 | Chartwell Retirement Residences | 588,894 | 0.4 | ||
91,853 | First Capital Real Estate Investment Trust | 1,005,406 | 0.6 | ||
125,860 | H&R Real Estate Investment Trust | 947,583 | 0.6 | ||
135,326 | RioCan Real Estate Investment Trust | 1,824,136 | 1.2 | ||
57,410 | Summit Industrial Income REIT | 711,105 | 0.4 | ||
138,668 | Tricon Residential, Inc. | 1,199,478 | 0.8 | ||
7,147,885 | 4.6 | ||||
France: 2.5% | |||||
18,050 | ICADE | 671,949 | 0.4 | ||
85,967 | Klepierre SA | 1,494,554 | 1.0 | ||
59,705 | Mercialys SA | 451,126 | 0.3 | ||
32,289 | (1),(2) | Unibail-Rodamco-Westfield | 1,336,111 | 0.8 | |
3,953,740 | 2.5 | ||||
Germany: 1.2% | |||||
31,546 | LEG Immobilien SE | 1,882,962 | 1.2 | ||
Hong Kong: 5.6% | |||||
273,998 | CK Asset Holdings Ltd. | 1,644,916 | 1.1 | ||
944,940 | Hang Lung Properties Ltd. | 1,551,722 | 1.0 | ||
681,587 | Link REIT | 4,757,824 | 3.0 | ||
579,409 | Sino Land Co. | 762,113 | 0.5 | ||
8,716,575 | 5.6 | ||||
Japan: 9.5% | |||||
492 | Activia Properties, Inc. | 1,442,963 | 0.9 | ||
700 | AEON REIT Investment Corp. | 756,108 | 0.5 | ||
525 | GLP J-Reit | 582,253 | 0.4 | ||
211 | Hulic Reit, Inc. | 241,520 | 0.1 | ||
3,753 | Japan Hotel REIT Investment Corp. | 1,875,694 | 1.2 | ||
3,168 | Japan Metropolitan Fund Invest | 2,378,578 | 1.5 | ||
249 | Kenedix Retail REIT Corp. | 459,882 | 0.3 | ||
1,936 | LaSalle Logiport REIT | 2,165,862 | 1.4 | ||
72,612 | Mitsui Fudosan Co., Ltd. | 1,383,257 | 0.9 | ||
1,467 | Orix JREIT, Inc. | 1,876,242 | 1.2 | ||
334,755 | Tokyu Fudosan Holdings Corp. | 1,738,282 | 1.1 | ||
14,900,641 | 9.5 | ||||
Luxembourg: 0.3% | |||||
40,114 | Grand City Properties SA | 397,493 | 0.3 | ||
Singapore: 2.3% | |||||
689,017 | CapLand Ascendas REIT | 1,285,254 | 0.8 | ||
928,390 | Frasers Logistics & Commercial Trust | 792,621 | 0.5 | ||
801,605 | Keppel REIT Management Ltd. | 550,277 | 0.4 | ||
1,919,500 | Lendlease Global Commercial REIT | 1,017,063 | 0.6 | ||
3,645,215 | 2.3 | ||||
Spain: 0.8% | |||||
169,466 | Merlin Properties Socimi SA | 1,307,623 | 0.8 | ||
Sweden: 0.4% | |||||
57,510 | (2) | Pandox AB | 608,878 | 0.4 | |
Switzerland: 0.4% | |||||
6,350 | PSP Swiss Property AG | 634,761 | 0.4 | ||
United Kingdom: 3.3% | |||||
292,958 | British Land Co. PLC | 1,134,726 | 0.7 | ||
468,895 | Grainger PLC | 1,201,006 | 0.8 | ||
420,100 | NewRiver REIT PLC | 351,795 | 0.2 | ||
113,211 | Safestore Holdings PLC | 1,053,620 | 0.7 | ||
333,374 | Target Healthcare REIT PLC | 340,588 | 0.2 | ||
105,587 | Unite Group PLC | 1,002,465 | 0.7 | ||
5,084,200 | 3.3 | ||||
United States: 61.2% | |||||
29,435 | Alexandria Real Estate Equities, Inc. | 4,126,493 | 2.6 | ||
38,222 | Apartment Income REIT Corp. | 1,476,134 | 0.9 | ||
14,842 | AvalonBay Communities, Inc. | 2,733,748 | 1.7 | ||
22,173 | Camden Property Trust | 2,648,565 | 1.7 | ||
92,498 | CubeSmart | 3,705,470 | 2.4 | ||
76,256 | DiamondRock Hospitality Co. | 572,683 | 0.4 | ||
33,510 | Digital Realty Trust, Inc. | 3,323,522 | 2.1 | ||
20,901 | Equinix, Inc. | 11,889,325 | 7.6 | ||
18,708 | Essex Property Trust, Inc. | 4,531,639 | 2.9 | ||
41,176 | Extra Space Storage, Inc. | 7,111,507 | 4.6 |
VY® CBRE Global Real Estate Portfolio | PORTFOLIO OF INVESTMENTS |
As of September 30, 2022 (Unaudited) (Continued) |
Shares | Value | Percentage of Net Assets | ||||
COMMON STOCK: (continued) | ||||||
United States: (continued) | ||||||
32,344 | Gaming and Leisure Properties, Inc. | $ | 1,430,899 | 0.9 | ||
102,051 | Healthcare Realty Trust, Inc. | 2,127,763 | 1.4 | |||
105,580 | Host Hotels & Resorts, Inc. | 1,676,610 | 1.1 | |||
66,757 | Hudson Pacific Properties, Inc. | 730,989 | 0.5 | |||
61,131 | Independence Realty Trust, Inc. | 1,022,722 | 0.7 | |||
210,447 | Invitation Homes, Inc. | 7,106,795 | 4.5 | |||
34,682 | Life Storage, Inc. | 3,841,378 | 2.5 | |||
30,331 | National Retail Properties, Inc. | 1,208,994 | 0.8 | |||
13,086 | NexPoint Residential Trust, Inc. | 604,704 | 0.4 | |||
100,947 | Park Hotels & Resorts, Inc. | 1,136,663 | 0.7 | |||
75,229 | Pebblebrook Hotel Trust | 1,091,573 | 0.7 | |||
76,437 | Piedmont Office Realty Trust, Inc. | 807,175 | 0.5 | |||
135,089 | ProLogis, Inc. | 13,725,042 | 8.8 | |||
91,086 | Simon Property Group, Inc. | 8,174,968 | 5.2 | |||
62,483 | Spirit Realty Capital, Inc. | 2,259,385 | 1.4 | |||
77,956 | STAG Industrial, Inc. | 2,216,289 | 1.4 | |||
22,731 | STORE Capital Corp. | 712,162 | 0.5 | |||
115,786 | Sunstone Hotel Investors, Inc. | 1,090,704 | 0.7 | |||
11,129 | Ventas, Inc. | 447,052 | 0.3 | |||
21,280 | Welltower, Inc. | 1,368,730 | 0.9 | |||
43,807 | Xenia Hotels & Resorts, Inc. | 604,098 | 0.4 | |||
95,503,781 | 61.2 | |||||
Total Common Stock | ||||||
(Cost $162,372,584) | 153,624,714 | 98.4 | ||||
Principal Amount† | Value | Percentage of Net Assets | ||||
SHORT-TERM INVESTMENTS: 2.1% | ||||||
Repurchase Agreements: 1.7% | ||||||
1,000,000 | (3) | Bank of America Inc., Repurchase Agreement dated 09/30/22, 3.05%, due 10/03/22 (Repurchase Amount $1,000,251, collateralized by various U.S. Government Agency Obligations, 2.000%-6.000%, Market Value plus accrued interest $1,020,000, due 07/01/50-09/01/52) | 1,000,000 | 0.7 | ||
571,328 | (3) | Bank of Montreal, Repurchase Agreement dated 09/30/22, 3.05%, due 10/03/22 (Repurchase Amount $571,471, collateralized by various U.S. Government Agency Obligations, 2.000%-6.000%, Market Value plus accrued interest $582,755, due 08/01/36-09/01/52) | 571,328 | 0.4 | ||
1,000,000 | (3) | RBC Dominion Securities Inc., Repurchase Agreement dated 09/30/22, 3.04%, due 10/03/22 (Repurchase Amount $1,000,250, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $1,020,000, due 08/15/25-08/20/52) | 1,000,000 | 0.6 | ||
Total Repurchase Agreements | ||||||
(Cost $2,571,328) | 2,571,328 | 1.7 | ||||
Shares | Value | Percentage of Net Assets | ||||
Mutual Funds: 0.4% | ||||||
671,718 | (4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.760% | ||||
(Cost $671,718) | 671,718 | 0.4 | ||||
Total Short-Term Investments | ||||||
(Cost $3,243,046) | 3,243,046 | 2.1 | ||||
Total Investments in Securities (Cost $165,615,630) | $ | 156,867,760 | 100.5 | |||
Liabilities in Excess of Other Assets | (748,944) | (0.5) | ||||
Net Assets | $ | 156,118,816 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Security, or a portion of the security, is on loan. |
(2) | Non-income producing security. |
(3) | All or a portion of the security represents securities purchased with cash collateral received for securities on loan. |
(4) | Rate shown is the 7-day yield as of September 30, 2022. |
VY® CBRE Global Real Estate Portfolio | PORTFOLIO OF INVESTMENTS |
As of September 30, 2022 (Unaudited) (Continued) |
REIT Diversification | Percentage of Net Assets | |||
Specialized REITs | 21.1 | % | ||
Retail REITs | 20.2 | |||
Industrial REITs | 14.9 | |||
Residential REITs | 14.1 | |||
Office REITs | 5.1 | |||
Hotel & Resort REITs | 5.2 | |||
Real Estate Operating Companies | 4.8 | |||
Diversified REITs | 4.1 | |||
Health Care REITs | 4.0 | |||
Diversified Real Estate Activities | 3.0 | |||
Real Estate Development | 1.5 | |||
Health Care Facilities | 0.4 | |||
Assets in Excess of Other Liabilities* | 1.6 | |||
Net Assets | 100.0 | % |
* | Includes short-term investments. |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the assets and liabilities:
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at September 30, 2022 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Common Stock | ||||||||||||||||
Australia | $ | – | $ | 6,263,636 | $ | – | $ | 6,263,636 | ||||||||
Austria | – | 844,313 | – | 844,313 | ||||||||||||
Belgium | – | 2,733,011 | – | 2,733,011 | ||||||||||||
Canada | 7,147,885 | – | – | 7,147,885 | ||||||||||||
France | – | 3,953,740 | – | 3,953,740 | ||||||||||||
Germany | – | 1,882,962 | – | 1,882,962 | ||||||||||||
Hong Kong | – | 8,716,575 | – | 8,716,575 | ||||||||||||
Japan | – | 14,900,641 | – | 14,900,641 | ||||||||||||
Luxembourg | – | 397,493 | – | 397,493 | ||||||||||||
Singapore | – | 3,645,215 | – | 3,645,215 | ||||||||||||
Spain | – | 1,307,623 | – | 1,307,623 | ||||||||||||
Sweden | – | 608,878 | – | 608,878 | ||||||||||||
Switzerland | – | 634,761 | – | 634,761 | ||||||||||||
United Kingdom | 1,893,389 | 3,190,811 | – | 5,084,200 | ||||||||||||
United States | 95,503,781 | – | – | 95,503,781 | ||||||||||||
Total Common Stock | 104,545,055 | 49,079,659 | – | 153,624,714 | ||||||||||||
Short-Term Investments | 671,718 | 2,571,328 | – | 3,243,046 | ||||||||||||
Total Investments, at fair value | $ | 105,216,773 | $ | 51,650,987 | $ | – | $ | 156,867,760 |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments. |
VY® CBRE Global Real Estate Portfolio | PORTFOLIO OF INVESTMENTS |
As of September 30, 2022 (Unaudited) (Continued) |
At September 30, 2022, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:
Cost for federal income tax purposes was $173,307,888. | |||||
Net unrealized depreciation consisted of: | |||||
Gross Unrealized Appreciation | $ | 11,844,772 | |||
Gross Unrealized Depreciation | (28,322,246 | ) | |||
Net Unrealized Depreciation | $ | (16,477,474 | ) |