VY® CBRE Real Estate Portfolio | PORTFOLIO OF INVESTMENTS |
As of March 31, 2023 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||
COMMON STOCK: 99.2% | ||||||
Diversified REITs: 1.7% | ||||||
191,897 | Broadstone Net Lease, Inc. | $ | 3,264,168 | 1.7 | ||
Health Care REITs: 5.9% | ||||||
240,340 | Healthpeak Properties, Inc. | 5,280,270 | 2.8 | |||
139,574 | Ventas, Inc. | 6,050,533 | 3.1 | |||
11,330,803 | 5.9 | |||||
Hotel & Resort REITs: 3.6% | ||||||
234,473 | DiamondRock Hospitality Co. | 1,906,265 | 1.0 | |||
201,907 | Park Hotels & Resorts, Inc. | 2,495,571 | 1.3 | |||
265,330 | (1) | Sunstone Hotel Investors, Inc. | 2,621,460 | 1.3 | ||
7,023,296 | 3.6 | |||||
Hotels, Resorts & Cruise Lines: 1.0% | ||||||
13,479 | Hilton Worldwide Holdings, Inc. | 1,898,787 | 1.0 | |||
Industrial REITs: 17.1% | ||||||
93,944 | Americold Realty Trust, Inc. | 2,672,707 | 1.4 | |||
191,736 | ProLogis, Inc. | 23,922,900 | 12.4 | |||
105,032 | Rexford Industrial Realty, Inc. | 6,265,159 | 3.3 | |||
32,860,766 | 17.1 | |||||
Office REITs: 4.8% | ||||||
63,190 | Alexandria Real Estate Equities, Inc. | 7,936,032 | 4.1 | |||
85,858 | (2) | Veris Residential, Inc. | 1,256,961 | 0.7 | ||
9,192,993 | 4.8 | |||||
Real Estate Operating Companies: 1.1% | ||||||
284,333 | (1) | Tricon Residential, Inc. | 2,203,581 | 1.1 | ||
Residential REITs: 19.4% | ||||||
113,691 | Apartment Income REIT Corp. | 4,071,275 | 2.1 | |||
48,503 | Camden Property Trust | 5,085,054 | 2.6 | |||
21,699 | Essex Property Trust, Inc. | 4,538,129 | 2.4 | |||
152,251 | Independence Realty Trust, Inc. | 2,440,583 | 1.3 | |||
169,856 | Invitation Homes, Inc. | 5,304,603 | 2.8 | |||
32,587 | NexPoint Residential Trust, Inc. | 1,423,074 | 0.7 | |||
65,962 | Sun Communities, Inc. | 9,292,727 | 4.8 | |||
125,943 | UDR, Inc. | 5,171,220 | 2.7 | |||
37,326,665 | 19.4 | |||||
Retail REITs: 13.8% | ||||||
132,274 | Kite Realty Group Trust | 2,767,172 | 1.4 | |||
151,886 | Macerich Co. | 1,609,992 | 0.8 | |||
159,790 | NETSTREIT Corp. | 2,920,961 | 1.5 | |||
57,228 | Regency Centers Corp. | 3,501,209 | 1.8 | |||
144,408 | Retail Opportunity Investments Corp. | 2,015,936 | 1.1 | |||
86,156 | Simon Property Group, Inc. | 9,646,887 | 5.0 | |||
103,741 | Spirit Realty Capital, Inc. | 4,133,041 | 2.2 | |||
26,595,198 | 13.8 | |||||
Specialized REITs: 30.8% | ||||||
182,685 | CubeSmart | 8,443,701 | 4.4 | |||
40,684 | Digital Realty Trust, Inc. | 3,999,644 | 2.1 | |||
50,499 | EPR Properties | 1,924,012 | 1.0 | |||
23,724 | Equinix, Inc. | 17,105,953 | 8.9 | |||
111,761 | Four Corners Property Trust, Inc. | 3,001,900 | 1.5 | |||
63,540 | Life Storage, Inc. | 8,329,459 | 4.3 | |||
31,230 | Public Storage, Inc. | 9,435,832 | 4.9 | |||
220,689 | VICI Properties, Inc. | 7,198,875 | 3.7 | |||
59,439,376 | 30.8 | |||||
Total Common Stock | ||||||
(Cost $201,427,800) | 191,135,633 | 99.2 |
Principal Amount† | Value | Percentage of Net Assets | ||||
SHORT-TERM INVESTMENTS: 1.6% | ||||||
Repurchase Agreements: 0.9% | ||||||
735,236 | (3) | Bank of America Inc., Repurchase Agreement dated 03/31/23, 4.82%, due 04/03/23 (Repurchase Amount $735,527, collateralized by various U.S. Government Agency Obligations, 1.500%-3.000%, Market Value plus accrued interest $749,941, due 11/01/49-02/01/51) | 735,236 | 0.4 | ||
1,000,000 | (3) | RBC Dominion Securities Inc., Repurchase Agreement dated 03/31/23, 4.82%, due 04/03/23 (Repurchase Amount $1,000,396, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.375%, Market Value plus accrued interest $1,020,000, due 04/06/23-02/20/53) | 1,000,000 | 0.5 | ||
Total Repurchase Agreements | ||||||
(Cost $1,735,236) | 1,735,236 | 0.9 |
VY® CBRE Real Estate Portfolio | PORTFOLIO OF INVESTMENTS |
As of March 31, 2023 (Unaudited) (Continued) |
Shares | Value | Percentage of Net Assets | |||||
Mutual Funds: 0.7% | |||||||
1,393,552 | (4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 4.720% | |||||
(Cost $1,393,552) | $ | 1,393,552 | 0.7 | ||||
Total Short-Term Investments | |||||||
(Cost $3,128,788) | 3,128,788 | 1.6 | |||||
Total Investments in Securities (Cost $204,556,588) | $ | 194,264,421 | 100.8 | ||||
Liabilities in Excess of Other Assets | (1,600,021) | (0.8) | |||||
Net Assets | $ | 192,664,400 | 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 March 31, 2023. |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of March 31, 2023 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 March 31, 2023 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Common Stock* | $ | 191,135,633 | $ | – | $ | – | $ | 191,135,633 | ||||||||
Short-Term Investments | 1,393,552 | 1,735,236 | – | 3,128,788 | ||||||||||||
Total Investments, at fair value | $ | 192,529,185 | $ | 1,735,236 | $ | – | $ | 194,264,421 |
* | For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments. |
At March 31, 2023, 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 $206,941,790. | |||||
Net unrealized depreciation consisted of: | |||||
Gross Unrealized Appreciation | $ | 9,772,889 | |||
Gross Unrealized Depreciation | (22,450,258 | ) | |||
Net Unrealized Depreciation | $ | (12,677,369 | ) |