Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of November 30, 2020 (Unaudited) |
Shares | Value | Percentage of Net Assets | |||
COMMON STOCK: 107.7% | |||||
Canada: 27.2% | |||||
13,571 | Agnico-Eagle Mines Ltd. | $ 893,922 | 1.4 | ||
26,493 | Alamos Gold, Inc. | 219,097 | 0.3 | ||
79,996 | B2Gold Corp. | 446,378 | 0.7 | ||
89,171 | Barrick Gold Corp. | 2,063,417 | 3.2 | ||
16,854 | Cameco Corp. | 168,877 | 0.3 | ||
55,751 | Canadian Natural Resources Ltd. | 1,273,353 | 1.9 | ||
70,990 | Cenovus Energy, Inc. | 352,110 | 0.5 | ||
93,342 | Enbridge, Inc. | 2,913,204 | 4.4 | ||
10,387 | Franco-Nevada Corp. | 1,381,887 | 2.1 | ||
86,179 | Kinross Gold Corp. | 615,318 | 0.9 | ||
11,341 | Kirkland Lake Gold Ltd. | 464,754 | 0.7 | ||
5,319 | Norbord, Inc. | 199,994 | 0.3 | ||
13,865 | (1) | Novagold Resources, Inc. | 138,095 | 0.2 | |
13,693 | PAN American Silver Corp. | 404,354 | 0.6 | ||
33,080 | Pembina Pipeline Corp. | 843,209 | 1.3 | ||
91,322 | Suncor Energy, Inc. | 1,469,371 | 2.2 | ||
53,325 | TC Energy Corp. | 2,342,567 | 3.6 | ||
13,986 | Teck Cominco Ltd. - Class B | 220,979 | 0.3 | ||
27,691 | Wheaton Precious Metals Corp. | 1,083,826 | 1.7 | ||
68,553 | Yamana Gold, Inc. | 357,847 | 0.6 | ||
17,852,559 | 27.2 | ||||
United Kingdom: 1.8% | |||||
63,352 | Amcor PLC | 717,778 | 1.1 | ||
53,791 | TechnipFMC PLC | 447,003 | 0.7 | ||
1,164,781 | 1.8 | ||||
United States: 78.7% | |||||
18,048 | Apache Corp. | 232,639 | 0.4 | ||
1,911 | Aptargroup, Inc. | 241,397 | 0.4 | ||
5,094 | Avery Dennison Corp. | 760,738 | 1.2 | ||
22,882 | Baker Hughes Co. | 428,351 | 0.7 | ||
14,058 | Ball Corp. | 1,349,709 | 2.1 | ||
12,976 | (1) | Berry Global Group, Inc. | 687,728 | 1.0 | |
21,323 | Cabot Oil & Gas Corp. | 373,579 | 0.6 | ||
8,065 | (1) | Cheniere Energy, Inc. | 457,205 | 0.7 | |
87,972 | Chevron Corp. | 7,669,399 | 11.7 | ||
12,777 | Cimarex Energy Co. | 459,333 | 0.7 | ||
4,640 | Compass Minerals International, Inc. | 289,814 | 0.4 | ||
15,645 | Concho Resources, Inc./Midland TX | 899,275 | 1.4 | ||
50,039 | ConocoPhillips | 1,979,543 | 3.0 | ||
11,475 | (1) | Crown Holdings, Inc. | 1,081,519 | 1.6 | |
21,370 | Devon Energy Corp. | 298,966 | 0.5 | ||
12,235 | Diamondback Energy, Inc. | 488,911 | 0.7 | ||
37,745 | EOG Resources, Inc. | 1,769,486 | 2.7 | ||
13,063 | EQT Corp. | 194,377 | 0.3 | ||
38,558 | Equitrans Midstream Corp. | 314,633 | 0.5 | ||
167,531 | Exxon Mobil Corp. | 6,387,957 | 9.7 | ||
80,589 | Freeport-McMoRan, Inc. | 1,884,977 | 2.9 | ||
47,491 | Halliburton Co. | 787,876 | 1.2 | ||
15,580 | Hess Corp. | 735,064 | 1.1 | ||
14,270 | International Paper Co. | 706,080 | 1.1 | ||
116,349 | Kinder Morgan, Inc. | 1,673,099 | 2.5 | ||
15,200 | Louisiana-Pacific Corp. | 520,296 | 0.8 | ||
35,085 | Marathon Petroleum Corp. | 1,364,105 | 2.1 | ||
3,263 | Martin Marietta Materials, Inc. | 866,751 | 1.3 | ||
43,266 | National Oilwell Varco, Inc. | 530,441 | 0.8 | ||
39,066 | Newmont Corp. | 2,297,862 | 3.5 | ||
41,336 | Occidental Petroleum Corp. | 651,455 | 1.0 | ||
16,452 | Oneok, Inc. | 590,133 | 0.9 | ||
8,162 | Packaging Corp. of America | 1,061,060 | 1.6 | ||
32,396 | Parsley Energy, Inc. - Class A | 405,922 | 0.6 | ||
27,828 | Phillips 66 | 1,685,820 | 2.6 | ||
11,422 | Pioneer Natural Resources Co. | 1,148,825 | 1.8 | ||
4,884 | Royal Gold, Inc. | 539,535 | 0.8 | ||
79,266 | Schlumberger NV | 1,647,940 | 2.5 | ||
9,468 | Sealed Air Corp. | 426,628 | 0.6 | ||
3,612 | Sonoco Products Co. | 209,713 | 0.3 | ||
18,318 | (1) | Summit Materials, Inc. | 348,042 | 0.5 | |
20,663 | Targa Resources Corp. | 485,580 | 0.7 | ||
18,559 | Valero Energy Corp. | 997,917 | 1.5 | ||
6,880 | Vulcan Materials Co. | 960,792 | 1.5 | ||
18,287 | WestRock Co. | 771,894 | 1.2 | ||
77,922 | Williams Cos., Inc. | 1,634,804 | 2.5 | ||
12,040 | World Fuel Services Corp. | 342,177 | 0.5 | ||
51,639,347 | 78.7 | ||||
Total Common Stock | |||||
(Cost $101,550,975) | 70,656,687 | 107.7 | |||
SHORT-TERM INVESTMENTS: 0.7% | |||||
Mutual Funds: 0.7% | |||||
459,000 | (2) | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.000% | |||
(Cost $459,000) | 459,000 | 0.7 | |||
Total Short-Term Investments | |||||
(Cost $459,000) | 459,000 | 0.7 | |||
Total Investments in Securities (Cost $102,009,975) | $ 71,115,687 | 108.4 | |||
Liabilities in Excess of Other Assets | (5,535,820) | (8.4) | |||
Net Assets | $ 65,579,867 | 100.0 |
(1) | Non-income producing security. |
(2) | Rate shown is the 7-day yield as of November 30, 2020. |
Industry Diversification | Percentage of Net Assets | |||
Integrated Oil & Gas | 25.1 | % | ||
Oil & Gas Exploration & Production | 15.0 | |||
Oil & Gas Storage & Transportation | 10.8 | |||
Gold | 9.5 | % |
Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of November 30, 2020 (Unaudited)(Continued) |
Mining | 7.0 | |||
Oil & Gas Refining & Marketing | 6.2 | |||
Pipelines | 5.4 | |||
Oil & Gas Equipment & Services | 5.2 | |||
Paper Packaging | 5.1 | |||
Metal & Glass Containers | 4.7 | |||
Diversified Metals & Mining | 3.6 | |||
Construction Materials | 2.8 | |||
Materials | 2.3 | |||
Packaging&Containers | 1.1 | |||
Utilities | 0.9 | |||
Building Materials | 0.8 | |||
Energy | 0.8 | |||
Oil & Gas | 0.7 | |||
Oil&Gas Services | 0.7 | |||
Short-Term Investments | 0.7 | |||
Liabilities in Excess of Other Assets | (8.4 | ) | ||
Net Assets | 100.0 | % |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of November 30, 2020 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 November 30, 2020 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Common Stock* | $ | 70,656,687 | $ | – | $ | – | $ | 70,656,687 | ||||||||
Short-Term Investments | 459,000 | – | – | 459,000 | ||||||||||||
Total Investments, at fair value | $ | 71,115,687 | $ | – | $ | – | $ | 71,115,687 | ||||||||
Liabilities Table | ||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||
Written Options | $ | – | $ | (5,758,416 | ) | $ | – | $ | (5,758,416 | ) | ||||||
Total Liabilities | $ | – | $ | (5,758,416 | ) | $ | – | $ | (5,758,416 | ) |
+ | Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are fair valued at the unrealized appreciation (depreciation) on the instrument. OTC swaps and written options are valued at the fair value of the instrument. |
* | For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments. |
At November 30, 2020, the following OTC written equity options were outstanding for Voya Natural Resources Equity Income Fund:
Description | Counterparty | Put/Call | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | ||||||||||||
Energy Select Sector SPDR® Fund | UBS AG | Call | 12/04/20 | USD 29.290 | 738,161 | USD 27,134,798 | $ | 1,155,370 | $ | (5,515,392 | ) | |||||||||
Materials Select Sector SPDR® Fund | Goldman Sachs International | Call | 12/18/20 | USD 71.160 | 64,507 | USD 4,579,352 | 66,597 | (112,302 | ) | |||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | Goldman Sachs International | Call | 12/18/20 | USD 54.660 | 34,575 | USD 1,869,125 | 59,759 | (88,960 | ) |
Voya Natural Resources Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of November 30, 2020 (Unaudited)(Continued) |
Description | Counterparty | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | |||||||||||||
VanEck Vectors Gold Miners ETF | Citibank N.A. | Call | 12/18/20 | USD 36.620 | 94,708 | USD 3,284,473 | $ | 100,637 | $ | (41,762 | ) | |||||||||
$ | 1,382,363 | $ | (5,758,416 | ) |
Currency Abbreviations | ||
USD | - | United States Dollar |
At November 30, 2020, 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 $100,599,772. | |||||
Net unrealized depreciation consisted of: | |||||
Gross Unrealized Appreciation | $ 6,146,525 | ||||
Gross Unrealized Depreciation | (41,387,976) | ||||
Net Unrealized Depreciation | $ (35,241,451) |