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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: | 811-22004 |
Voya Asia Pacific High Dividend Equity Income 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 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, 2015 – August 31, 2015
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):
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| | E-Delivery Sign-up – details inside | |
| | This report is intended for existing current holders. It is not a prospectus. This information should be read carefully. | | |
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Go Paperless with E-Delivery!
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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.
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Just go to www.voyainvestments.com, click on the E-Delivery icon from the home page, follow the directions and complete the quick 5 Steps to Enroll.
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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.
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Index
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Description
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| | Barclays Global Inflation Linked U.S. TIPS Index | | | | The index measures the performance of the US Treasury Inflation Protected Securities (TIPS) market. | | |
| | Barclays High Yield Bond — 2% Issuer Constrained Composite Index | | | | An unmanaged index that includes all fixed-income securities having a maximum quality rating of Ba1, a minimum amount outstanding of $150 million, and at least one year to maturity. | | |
| | Barclays U.S. Aggregate Bond Index | | | | An unmanaged index of publicly issued investment grade U.S. Government, mortgage-backed, asset-backed and corporate debt securities. | | |
| | Barclays U.S. Corporate Investment Grade Bond Index | | | | An unmanaged index consisting of publicly issued, fixed rate, nonconvertible, investment grade debt securities. | | |
| | Barclays U.S. Treasury Bond Index | | | | A market capitalization-weighted index that measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of one year or more. | | |
| | MSCI All Country Asia Pacific ex-Japan® Index | | | | A free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of Asia, excluding Japan. | | |
| | 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 unmanaged index that measures the performance of over 1,400 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | | |
| | S&P 500® Index | | | | An unmanaged index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. | | |
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Shanghai Stock Exchange Composite Index
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| | | A capitalization-weighted index. The index tracks the daily price performance of all A-shares and B-shares listed on the Shanghai Stock Exchange. The index was developed on December 19, 1990 with a base value of 100. | | |
Portfolio Managers’ Report | Voya Asia Pacific High Dividend Equity Income Fund |
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Geographic Diversification
as of August 31, 2015 (as a percentage of net assets) |
| |||
| | | | | |
| China | | |
23.7%
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|
| Australia | | |
21.9%
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| South Korea | | |
16.4%
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| Taiwan | | |
10.5%
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| Hong Kong | | |
9.2%
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| India | | |
7.0%
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| Malaysia | | |
3.2%
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| Indonesia | | |
1.7%
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| United Kingdom | | |
1.2%
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| Macau | | |
1.2%
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| Countries between 0.9% – 1.0%^ | | |
1.9%
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| Assets in Excess of Other Liabilities | | |
2.1%
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| Net Assets | | |
100.0%
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|
^
Includes 2 countries, which each represents 0.9% – 1.0% of net assets.
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Portfolio holdings are subject to change daily.
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| Top Ten Holdings as of August 31, 2015 (as a percentage of net assets) | | |||
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| Taiwan Semiconductor Manufacturing Co., Ltd. | | | 3.1% | |
| AIA Group Ltd. | | | 2.7% | |
| Samsung Electronics Co., Ltd. | | | 2.4% | |
| China Construction Bank | | | 2.3% | |
| Industrial & Commercial Bank of China | | | 2.2% | |
| BHP Billiton Ltd. | | | 2.1% | |
| HK Electric Investments and HK Electric Investments Ltd. | | | 1.5% | |
| China Overseas Land & Investment Ltd. | | | 1.5% | |
| ICICI Bank Ltd. | | | 1.5% | |
| Transurban Group | | | 1.5% | |
| Portfolio holdings are subject to change daily. | |
Voya Asia Pacific High Dividend Equity Income Fund | Portfolio Managers’ Report |
| ASSETS: | | | |||||
| Investments in securities at fair value* | | | | $ | 129,518,165 | | |
| Cash | | | | | 2,387,574 | | |
| Foreign currencies at value** | | | | | 865,918 | | |
| Receivables: | | | | | | | |
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Dividends
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| | | | 361,514 | | |
| Prepaid expenses | | | | | 423 | | |
| Other assets | | | | | 3,731 | | |
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Total assets
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| | | | 133,137,325 | | |
| LIABILITIES: | | | | | | | |
| Payable for investment securities purchased | | | | | 492,877 | | |
| Payable for investment management fees | | | | | 136,074 | | |
| Payable to trustees under the deferred compensation plan (Note 6) | | | | | 3,731 | | |
| Payable for trustee fees | | | | | 789 | | |
| Other accrued expenses and liabilities | | | | | 110,068 | | |
| Written options, at fair value^ | | | | | 39,175 | | |
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Total liabilities
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| | | | 782,714 | | |
| NET ASSETS | | | |
$
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132,354,611
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| NET ASSETS WERE COMPRISED OF: | | | | | | | |
| Paid-in capital | | | | $ | 184,523,725 | | |
| Distributions in excess of net investment income | | | | | (499,291) | | |
| Accumulated net realized loss | | | | | (12,704,110) | | |
| Net unrealized depreciation | | | | | (38,965,713) | | |
| NET ASSETS | | | |
$
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132,354,611
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*
Cost of investments in securities
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| | | $ | 169,019,552 | | |
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**
Cost of foreign currencies
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| | | $ | 866,685 | | |
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^
Premiums received on written options
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| | | $ | 581,503 | | |
| Net assets | | | | $ | 132,354,611 | | |
| Shares authorized | | | | | unlimited | | |
| Par value | | | | $ | 0.010 | | |
| Shares outstanding | | | | | 12,651,007 | | |
| Net asset value | | | | $ | 10.46 | | |
| INVESTMENT INCOME: | | | |||||
| Dividends, net of foreign taxes withheld* | | | | $ | 3,756,874 | | |
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Total investment income
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| | | | 3,756,874 | | |
| EXPENSES: | | | | | | | |
| Investment management fees(1) | | | | | 884,535 | | |
| Transfer agent fees | | | | | 10,727 | | |
| Administrative service fees(1) | | | | | 27,332 | | |
| Shareholder reporting expense | | | | | 14,720 | | |
| Professional fees | | | | | 23,920 | | |
| Custody and accounting expense | | | | | 52,824 | | |
| Trustee fees | | | | | 2,366 | | |
| Miscellaneous expense | | | | | 17,498 | | |
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Total expenses
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| | | | 1,033,922 | | |
| Net investment income | | | | | 2,722,952 | | |
| REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | |
| Net realized gain (loss) on: | | | | | | | |
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Investments (net of Indian capital gains tax withheld^)
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| | | | 4,833,599 | | |
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Foreign currency related transactions
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| | | | (60,756) | | |
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Written options
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| | | | 1,392,096 | | |
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Net realized gain
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| | | | 6,164,939 | | |
| Net change in unrealized appreciation (depreciation) on: | | | | | | | |
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Investments
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| | | | (34,783,438) | | |
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Foreign currency related transactions
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| | | | (3,806) | | |
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Written options
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| | | | 593,763 | | |
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Net change in unrealized appreciation (depreciation)
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| | | | (34,193,481) | | |
| Net realized and unrealized loss | | | | | (28,028,542) | | |
| Decrease in net assets resulting from operations | | | |
$
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(25,305,590)
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*
Foreign taxes withheld
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| | | $ | 266,962 | | |
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^
Foreign taxes on sale of Indian investments
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| | | $ | 22,733 | | |
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Six Months Ended
August 31, 2015 |
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Year Ended
February 28, 2015 |
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FROM OPERATIONS: | | | | | | | | | |||||||
Net investment income | | | | $ | 2,722,952 | | | | | $ | 3,437,124 | | | ||
Net realized gain (loss) | | | | | 6,164,939 | | | | | | (241,022) | | | ||
Net change in unrealized appreciation (depreciation) | | | | | (34,193,481) | | | | | | 9,993,706 | | | ||
Increase (decrease) in net assets resulting from operations | | | | | (25,305,590) | | | | | | 13,189,808 | | | ||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | ||
Net investment income | | | | | (7,429,642) | | | | | | (4,386,120) | | | ||
Return of capital | | | | | (667,003) | | | | | | (11,807,169) | | | ||
Total distributions | | | | | (8,096,645) | | | | | | (16,193,289) | | | ||
Net decrease in net assets | | | | | (33,402,235) | | | | | | (3,003,481) | | | ||
NET ASSETS: | | | | | | | | | |||||||
Beginning of year or period | | | | | 165,756,846 | | | | | | 168,760,327 | | | ||
End of year or period | | | | $ | 132,354,611 | | | | | $ | 165,756,846 | | | ||
Distributions in excess of net investment income at end of year or period | | | | $ | (499,291) | | | | | $ | (321,523) | | | ||
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Per Share Operating Performance
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Ratios and
Supplemental Data |
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Income
(loss) from investment operations |
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Less
Distributions |
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Ratios to average
net assets |
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| | | Net asset value, beginning of year or period |
| | Net investment income (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 | | | Net asset value, end of year or period |
| | Market value, end of year or period |
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Total investment return
at net asset value(1) |
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Total investment return
at market value(2) |
| | Net assets, end of year of period |
| | Gross expenses prior to expense waiver(3) |
| | Net expenses after expense waiver(3)(4) |
| | Net investment income (loss) after expense waiver(3)(4) |
| | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended |
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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($)
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(%)
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(%)
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($000’s)
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(%)
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(%)
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(%)
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(%)
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08-31-15 | | | | | 13.10 | | | | | | 0.22• | | | | | | (2.22) | | | | | | (2.00) | | | | | | 0.59 | | | | | | — | | | | | | 0.05 | | | | | | 0.64 | | | | | | 10.46 | | | | | | 8.95 | | | | |
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(15.69)
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(20.55)
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| | | | | 132,355 | | | | | | 1.30 | | | | | | 1.30 | | | | | | 3.42 | | | | | | 22 | | |
02-28-15 | | | | | 13.34 | | | | | | 0.27 | | | | | | 0.77 | | | | | | 1.04 | | | | | | 0.35 | | | | | | — | | | | | | 0.93 | | | | | | 1.28 | | | | | | 13.10 | | | | | | 11.89 | | | | |
|
8.84
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|
6.53
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| | | | | 165,757 | | | | | | 1.40 | | | | | | 1.40 | | | | | | 1.99 | | | | | | 28 | | |
02-28-14 | | | | | 15.93 | | | | | | 0.35 | | | | | | (1.59) | | | | | | (1.24) | | | | | | 1.35 | | | | | | — | | | | | | — | | | | | | 1.35 | | | | | | 13.34 | | | | | | 12.37 | | | | |
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(7.51)
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(14.02)
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| | | | | 168,760 | | | | | | 1.47 | | | | | | 1.47 | | | | | | 2.44 | | | | | | 64 | | |
02-28-13 | | | | | 16.51 | | | | | | 0.29• | | | | | | 0.63 | | | | | | 0.92 | | | | | | 0.55 | | | | | | — | | | | | | 0.95 | | | | | | 1.50 | | | | | | 15.93 | | | | | | 15.89 | | | | |
|
6.32
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|
2.04
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| | | | | 201,491 | | | | | | 1.42 | | | | | | 1.42 | | | | | | 1.90 | | | | | | 130 | | |
02-29-12 | | | | | 18.16 | | | | | | 0.38• | | | | | | (0.35) | | | | | | 0.03 | | | | | | 0.98 | | | | | | — | | | | | | 0.70 | | | | | | 1.68 | | | | | | 16.51 | | | | | | 17.16 | | | | |
|
0.63
|
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|
0.92
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| | | | | 207,419 | | | | | | 1.49 | | | | | | 1.49 | | | | | | 2.35 | | | | | | 123 | | |
02-28-11 | | | | | 17.02 | | | | | | 0.33• | | | | | | 2.54 | | | | | | 2.87 | | | | | | 1.73 | | | | | | — | | | | | | — | | | | | | 1.73 | | | | | | 18.16 | | | | | | 18.82 | | | | |
|
17.31
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|
14.64
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| | | | | 225,975 | | | | | | 1.42 | | | | | | 1.42 | | | | | | 1.86 | | | | | | 112 | | |
02-28-10 | | | | | 11.34 | | | | | | 0.32• | | | | | | 7.30 | | | | | | 7.62 | | | | | | 0.34 | | | | | | — | | | | | | 1.60 | | | | | | 1.94 | | | | | | 17.02 | | | | | | 18.05 | | | | |
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69.95
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|
100.78
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| | | | | 208,611 | | | | | | 1.41 | | | | | | 1.41 | | | | | | 1.98 | | | | | | 31 | | |
02-28-09 | | | | | 22.99 | | | | | | 0.64• | | | | | | (10.30) | | | | | | (9.66) | | | | | | 0.64 | | | | | | — | | | | | | 1.35 | | | | | | 1.99 | | | | | | 11.34 | | | | | | 10.18 | | | | |
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(43.57)
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(43.61)
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| | | | | 138,220 | | | | | | 1.45 | | | | | | 1.45 | | | | | | 3.61 | | | | | | 55 | | |
03-30-07(5) - 02-29-08 |
| | | | 23.83(6) | | | | | | 0.72 | | | | | | 0.13 | | | | | | 0.85 | | | | | | 0.77 | | | | | | 0.92 | | | | | | — | | | | | | 1.69 | | | | | | 22.99 | | | | | | 20.65 | | | | |
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3.61
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(11.31)
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| | | | | 281,759 | | | | | | 1.42 | | | | | | 1.40 | | | | | | 3.11 | | | | | | 121 | | |
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Accrued Expense
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Amount
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Custody
|
| | | $ | 41,020 | | |
| | |
Number of
Contracts |
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Premiums
Received |
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Balance at 02/28/2015 | | | | | 37,030,800 | | | | | $ | 564,236 | | | ||
Options Written | | | | | 221,080,700 | | | | | | 3,839,577 | | | ||
Options Expired | | | | | (73,186,900) | | | | | | (1,567,336) | | | ||
Options Terminated in Closing Purchase Transactions
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| | | | (147,694,100) | | | | | | (2,254,974) | | | ||
Balance at 08/31/2015 | | | | | 37,230,500 | | | | | $ | 581,503 | | | ||
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Tax Year Ended
December 31, 2014 |
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Ordinary
Income |
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Return
of Capital |
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| $4,386,120 | | | | $ | 11,807,169 | | |
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Late Year
Ordinary Losses Deferred |
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Post-October
Capital Losses Deferred |
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Unrealized
Appreciation/ (Depreciation) |
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Short-term
Capital Loss Carryforwards |
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Expiration
|
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$(55,459)
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| | | $ | (679,171) | | | | | $ | (9,779,828) | | | | | $ | (16,547,878) | | | | | | 2017 | | |
| | | | | | | | | | | | | | | | | | (2,311,134) | | | | | | None | | |
| | | | | | | | | | | | | | | | | $ | (18,859,012) | | | | |||||
|
|
Per Share
Amount |
| |
Declaration
Date |
| |
Payable
Date |
| |
Record
Date |
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|
$0.255
|
| | | | 9/15/2015 | | | | | | 10/15/2015 | | | | | | 10/5/2015 | | |
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2015 (Unaudited) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: 95.7% | | ||||||||||||||||||
| | | | | | | Australia: 21.9% | | ||||||||||||
| | | 69,388 | | | | Australia & New Zealand Banking Group Ltd. |
| | | $ | 1,380,048 | | | | | | 1.1 | | |
| | | 150,529 | | | | BHP Billiton Ltd. | | | | | 2,757,335 | | | | | | 2.1 | | |
| | | 242,511 | | | | Coca-Cola Amatil Ltd. | | | | | 1,448,965 | | | | | | 1.1 | | |
| | | 953,588 | | | | Federation Centres Ltd | | | | | 1,916,947 | | | | | | 1.4 | | |
| | | 436,178 | | | | Goodman Group | | | | | 1,885,117 | | | | | | 1.4 | | |
| | | 683,541 | | | | Incitec Pivot Ltd. | | | | | 1,704,084 | | | | | | 1.3 | | |
| | | 445,532 | | | | Insurance Australia Group Ltd. |
| | | | 1,606,151 | | | | | | 1.2 | | |
| | | 76,032 | | | | National Australia Bank Ltd. | | | | | 1,685,890 | | | | | | 1.3 | | |
| | | 1,098,531 | | | | Nine Entertainment Co. Holdings Ltd. |
| | | | 1,294,931 | | | | | | 1.0 | | |
| | | 41,184 | | | | Rio Tinto Ltd. | | | | | 1,477,002 | | | | | | 1.1 | | |
| | | 1,208,873 | | | | Spark Infrastructure Group | | | | | 1,708,265 | | | | | | 1.3 | | |
| | | 543,187 | | | | Stockland | | | | | 1,509,213 | | | | | | 1.1 | | |
| | | 188,745 | | | | Suncorp Group Ltd | | | | | 1,722,379 | | | | | | 1.3 | | |
| | | 279,034 | | | | Transurban Group | | | | | 1,921,027 | | | | | | 1.5 | | |
| | | 72,428 | | | | Westpac Banking Corp. | | | | | 1,608,286 | | | | | | 1.2 | | |
| | | 3,016,477 | | | | Other Securities | | | | | 3,360,315 | | | | | | 2.5 | | |
| | | | | | | | | | | | 28,985,955 | | | | | | 21.9 | | |
| | | | | | | China: 23.7% | | ||||||||||||
| | | 250,000 | | | | Beijing Enterprises Holdings Ltd. |
| | | | 1,458,480 | | | | | | 1.1 | | |
| | | 450,000 | | | | BOC Hong Kong Holdings Ltd. |
| | | | 1,520,632 | | | | | | 1.2 | | |
| | | 4,498,000 | | | | China BlueChemical Ltd. | | | | | 1,276,864 | | | | | | 1.0 | | |
| | | 4,406,960 | | | | China Construction Bank | | | | | 3,092,328 | | | | | | 2.3 | | |
| | | 142,000 | | | | China Mobile Ltd. | | | | | 1,707,990 | | | | | | 1.3 | | |
| | | 664,000 | | | | China Overseas Land & Investment Ltd. |
| | | | 1,944,868 | | | | | | 1.5 | | |
| | | 2,163,800 | | | | China Petroleum & Chemical Corp. |
| | | | 1,450,923 | | | | | | 1.1 | | |
| | | 2,992,000 | | | | China Resources Cement Holdings Ltd. |
| | | | 1,468,044 | | | | | | 1.1 | | |
| | | 588,000 | | | | China Resources Land Ltd. | | | | | 1,472,862 | | | | | | 1.1 | | |
| | | 746,000 | | | | China Resources Power Holdings Co. |
| | | | 1,825,132 | | | | | | 1.4 | | |
| | | 1,422,000 | | | | COSCO Pacific Ltd. | | | | | 1,655,142 | | | | | | 1.3 | | |
| | | 1,424,362 | | | | Huaneng Power International, Inc. |
| | | | 1,625,304 | | | | | | 1.2 | | |
| | | 5,017,379 | | | | Industrial & Commercial Bank of China |
| | | | 2,937,606 | | | | | | 2.2 | | |
| | | 1,758,000 | | | | PetroChina Co., Ltd. | | | | | 1,464,467 | | | | | | 1.1 | | |
| | | 545,000 | | | | Shanghai Industrial Holdings Ltd. |
| | | | 1,327,798 | | | | | | 1.0 | | |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| ||||||||||||
| COMMON STOCK: (continued) | | ||||||||||||||||||
| | | | | | | China (continued) | | ||||||||||||
| | | 809,000 | | | | Shanghai Pharmaceuticals Holding Co. Ltd. |
| | | $ | 1,689,192 | | | | | | 1.3 | | |
| | | 5,194,000 | | | | Other Securities | | | | | 3,373,520 | | | | | | 2.5 | | |
| | | | | | | | | | | | 31,291,152 | | | | | | 23.7 | | |
| | | | | | | Hong Kong: 9.2% | | ||||||||||||
| | | 636,534 | | | | AIA Group Ltd. | | | | | 3,516,912 | | | | | | 2.7 | | |
| | | 701,000 | | | | Hang Lung Properties Ltd. | | | | | 1,586,974 | | | | | | 1.2 | | |
| | | 2,854,500 # | | | | HK Electric Investments and HK Electric Investments Ltd. |
| | | | 1,981,691 | | | | | | 1.5 | | |
| | | 4,076,000 | | | | Hutchison Telecommunications Hong Kong Holdings Ltd. |
| | | | 1,643,529 | | | | | | 1.2 | | |
| | | 393,500 | | | | MTR Corp. | | | | | 1,755,297 | | | | | | 1.3 | | |
| | | 13,889,100 | | | | Other Securities | | | | | 1,688,475 | | | | | | 1.3 | | |
| | | | | | | | | | | | 12,172,878 | | | | | | 9.2 | | |
| | | | | | | India: 7.0% | | ||||||||||||
| | | 335,192 | | | | GAIL India Ltd. | | | | | 1,492,866 | | | | | | 1.1 | | |
| | | 458,985 | | | | ICICI Bank Ltd. | | | | | 1,929,896 | | | | | | 1.5 | | |
| | | 912,736 | | | | NTPC Ltd. | | | | | 1,668,114 | | | | | | 1.3 | | |
| | | 627,310 | | | | Punjab National Bank | | | | | 1,366,918 | | | | | | 1.0 | | |
| | | 114,011 | | | | Reliance Industries Ltd. | | | | | 1,467,327 | | | | | | 1.1 | | |
| | | 375,400 | | | | Tata Steel Ltd. | | | | | 1,271,307 | | | | | | 1.0 | | |
| | | | | | | | | | | | 9,196,428 | | | | | | 7.0 | | |
| | | | | | | Indonesia: 1.7% | | ||||||||||||
| | | 3,837,000 | | | | Indofood Sukses Makmur Tbk PT |
| | | | 1,446,522 | | | | | | 1.1 | | |
| | | 1,204,800 | | | | Other Securities | | | | | 804,634 | | | | | | 0.6 | | |
| | | | | | | | | | | | 2,251,156 | | | | | | 1.7 | | |
| | | | | | | Macau: 1.2% | | ||||||||||||
| | | 465,252 | | | | Sands China Ltd. | | | |
|
1,617,131
|
| | | |
|
1.2
|
| |
| | | | | | | Malaysia: 3.2% | | ||||||||||||
| | | 995,400 | | | | IJM Corp. Bhd | | | | | 1,493,931 | | | | | | 1.1 | | |
| | | 757,500 | | | | Malayan Banking BHD | | | | | 1,580,440 | | | | | | 1.2 | | |
| | | 1,624,013 | | | | Other Securities | | | | | 1,142,072 | | | | | | 0.9 | | |
| | | | | | | | | | | | 4,216,443 | | | | | | 3.2 | | |
| | | | | | | Singapore: 0.9% | | ||||||||||||
| | | 1,139,500 | | | | Other Securities | | | |
|
1,232,359
|
| | | |
|
0.9
|
| |
| | | | | | | South Korea: 14.2% | | ||||||||||||
| | | 183,652 | | | | DGB Financial Group, Inc. | | | | | 1,613,846 | | | | | | 1.2 | | |
| | | 83,680 | | | | Hite Jinro Co. Ltd. | | | | | 1,562,874 | | | | | | 1.2 | | |
| | | 74,059 | | | | Hyundai Marine & Fire Insurance Co., Ltd. |
| | | | 1,751,840 | | | | | | 1.3 | | |
| | | 50,371 | | | | Kangwon Land, Inc. | | | | | 1,810,660 | | | | | | 1.4 | | |
| | | 58,709 | | | | KB Financial Group, Inc. | | | | | 1,771,021 | | | | | | 1.3 | | |
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2015 (Unaudited) (continued) |
|
Shares
|
| |
Value
|
| |
Percentage
of Net Assets |
| |||||||||||||||
| COMMON STOCK: (continued) | | |||||||||||||||||||||
| | | | | | | South Korea (continued) | | |||||||||||||||
| | | 73,831 | | | | KT Corp. | | | | $ | 1,808,338 | | | | | | 1.4 | | | |||
| | | 7,887 | | | | POSCO | | | | | 1,269,972 | | | | | | 1.0 | | | |||
| | | 3,494 | | | | Samsung Electronics Co., Ltd. |
| | | | 3,215,083 | | | | | | 2.4 | | | |||
| | | 51,012 | | | | Shinhan Financial Group Co., Ltd. |
| | | | 1,710,618 | | | | | | 1.3 | | | |||
| | | 19,033 | | | | SK Innovation Co. Ltd. | | | | | 1,619,771 | | | | | | 1.2 | | | |||
| | | 35,185 | | | | Other Securities | | | | | 693,324 | | | | | | 0.5 | | | |||
| | | | | | | | | | | | 18,827,347 | | | | | | 14.2 | | | |||
| | | | | | | Taiwan: 10.5% | | |||||||||||||||
| | | 1,070,000 | | | | Cathay Financial Holding Co., Ltd. |
| | | | 1,545,649 | | | | | | 1.2 | | | |||
| | | 3,089,319 | | | | CTBC Financial Holding Co. Ltd. |
| | | | 1,863,606 | | | | | | 1.4 | | | |||
| | | 930,000 | | | | Powertech Technology, Inc. | | | | | 1,603,329 | | | | | | 1.2 | | | |||
| | | 777,000 | | | | Quanta Computer, Inc. | | | | | 1,430,103 | | | | | | 1.1 | | | |||
| | | 1,045,167 | | | | Taiwan Semiconductor Manufacturing Co., Ltd. |
| | | | 4,066,545 | | | | | | 3.1 | | | |||
| | | 1,263,827 | | | | Other Securities | | | | | 3,362,858 | | | | | | 2.5 | | | |||
| | | | | | | | | | | | 13,872,090 | | | | | | 10.5 | | | |||
| | | | | | | Thailand: 1.0% | | |||||||||||||||
| | | 175,900 | | | | PTT PCL-Foreign | | | |
|
1,325,443
|
| | | |
|
1.0
|
| | |||
| | | | | | | United Kingdom: 1.2% | | |||||||||||||||
| | | 206,400 | | | | HSBC Holdings PLC | | | |
|
1,638,034
|
| | | |
|
1.2
|
| | |||
| | | | | | |
Total Common Stock
(Cost $166,305,232) |
| | |
|
126,626,416
|
| | | |
|
95.7
|
| | |||
| PREFERRED STOCK: 2.2% | | |||||||||||||||||||||
| | | | | | | South Korea: 2.2% | | |||||||||||||||
| | | 2,267 | | | | Samsung Electronics Co., Ltd. |
| | | | 1,666,177 | | | | | | 1.3 | | | |||
| | | 14,644 | | | | Other Securities | | | | | 1,225,572 | | | | | | 0.9 | | | |||
| | | | | | |
Total Preferred Stock
(Cost $2,714,320) |
| | |
|
2,891,749
|
| | | |
|
2.2
|
| | |||
| | | | | | | Total Investments in Securities (Cost $169,019,552) |
| | | $ | 129,518,165 | | | | | | 97.9 | | | |||
| | | | | | |
Assets in Excess of
Other Liabilities |
| | | | 2,836,446 | | | | | | 2.1 | | | |||
| | | | | | | Net Assets | | | | $ | 132,354,611 | | | | | | 100.0 | | | |||
|
|
Gross Unrealized Appreciation
|
| | | $ | 4,172,596 | | | |
|
Gross Unrealized Depreciation
|
| | | | (43,744,524) | | | |
|
Net Unrealized Depreciation
|
| | | $ | (39,571,928) | | | |
|
Sector Diversification
|
| |
Percentage
of Net Assets |
| ||||
Financials | | | | | 36.2% | | | |
Information Technology | | | | | 12.1 | | | |
Materials | | | | | 8.7 | | | |
Industrials | | | | | 8.0 | | | |
Utilities | | | | | 7.8 | | | |
Consumer Discretionary | | | | | 7.1 | | | |
Energy | | | | | 6.8 | | | |
Consumer Staples | | | | | 5.3 | | | |
Telecommunication Services | | | | | 3.9 | | | |
Health Care | | | | | 2.0 | | | |
Assets in Excess of Other Liabilities | | | | | 2.1 | | | |
Net Assets | | | | | 100.0% | | | |
|
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2015 (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, 2015 |
| ||||||||||||||||
Asset Table | | | | | | ||||||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||||||
Common Stock | | | | | | ||||||||||||||||||||||||
Australia
|
| | | $ | — | | | | | $ | 28,985,955 | | | | | $ | — | | | | | $ | 28,985,955 | | | ||||
China
|
| | | | — | | | | | | 29,636,010 | | | | | | 1,655,142 | | | | | | 31,291,152 | | | ||||
Hong Kong
|
| | | | 1,198,161 | | | | | | 10,974,717 | | | | | | — | | | | | | 12,172,878 | | | ||||
India
|
| | | | 1,366,918 | | | | | | 7,829,510 | | | | | | — | | | | | | 9,196,428 | | | ||||
Indonesia
|
| | | | — | | | | | | 2,251,156 | | | | | | — | | | | | | 2,251,156 | | | ||||
Macau
|
| | | | — | | | | | | 1,617,131 | | | | | | — | | | | | | 1,617,131 | | | ||||
Malaysia
|
| | | | — | | | | | | 4,216,443 | | | | | | — | | | | | | 4,216,443 | | | ||||
Singapore
|
| | | | — | | | | | | 1,232,359 | | | | | | — | | | | | | 1,232,359 | | | ||||
South Korea
|
| | | | — | | | | | | 18,827,347 | | | | | | — | | | | | | 18,827,347 | | | ||||
Taiwan
|
| | | | — | | | | | | 13,872,090 | | | | | | — | | | | | | 13,872,090 | | | ||||
Thailand
|
| | | | — | | | | | | 1,325,443 | | | | | | — | | | | | | 1,325,443 | | | ||||
United Kingdom
|
| | | | — | | | | | | 1,638,034 | | | | | | — | | | | | | 1,638,034 | | | ||||
Total Common Stock | | | | | 2,565,079 | | | | | | 122,406,195 | | | | | | 1,655,142 | | | | | | 126,626,416 | | | ||||
Preferred Stock | | | | | — | | | | | | 2,891,749 | | | | | | — | | | | | | 2,891,749 | | | ||||
Total Investments, at fair value | | | | $ | 2,565,079 | | | | | $ | 125,297,944 | | | | | $ | 1,655,142 | | | | | $ | 129,518,165 | | | ||||
Liabilities Table | | | | | | ||||||||||||||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||||||
Written Options | | | | $ | — | | | | | $ | (39,175) | | | | | $ | — | | | | | $ | (39,175) | | | ||||
Total Liabilities | | | | $ | — | | | | | $ | (39,175) | | | | | $ | — | | | | | $ | (39,175) | | | ||||
|
Investments, at fair value
|
| |
Fair Value at
August 31, 2015 |
| |
Valuation
Technique(s) |
| |
Unobservable
Inputs |
| |
Input
Values |
| ||||||
Common Stock | | | | $ | 1,655,142 | | | |
Proxy Pricing
|
| |
Base price
|
| | | | 11.56% | | |
| | |
Beginning
Balance 2/28/2015 |
| |
Purchases
|
| |
Sales
|
| |
Accrued
Discounts/ (Premiums) |
| |
Total
Realized Gain/(Loss) |
| |
*Net Change
in Unrealized Appreciation/ (Depreciation) |
| |
Transfers
Into Level 3 |
| |
Transfers
Out of Level 3 |
| |
Ending
Balance 8/31/2015 |
| ||||||||||||||||||||||||||||||||||||
Asset Table | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments, at fair value | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (394,273) | | | | | $ | 2,049,415 | | | | | $ | — | | | | | $ | 1,655,142 | | | |||||||||
Total Investments, at value | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | (394,273) | | | | | $ | 2,049,415 | | | | | $ | — | | | | | $ | 1,655,142 | | | |||||||||
|
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2015 (Unaudited) (continued) |
Number of Contracts |
| |
Counterparty
|
| |
Description
|
| |
Exercise
Price |
| |
Expiration
Date |
| |
Premiums
Received |
| |
Fair Value
|
| ||||||||||||
Options on Indices | | | | | | | |||||||||||||||||||||||||
3,300
|
| | Morgan Stanley | | | Call on S&P/ASX 200 Index | | |
5,470.279 AUD
|
| | | | 09/03/15 | | | | | $ | 213,192 | | | | | $ | (1,875) | | | |||
2,700
|
| |
Goldman Sachs & Co.
|
| | Call on Hang Seng Index | | |
24,397.190 HKD
|
| | | | 09/04/15 | | | | | | 159,667 | | | | | | (101) | | | |||
37,200,000
|
| | Deutsche Bank AG | | |
Call on Korea Stock Exchange KOSPI 200 Index
|
| |
239.810 KRW
|
| | | | 09/03/15 | | | | | | 94,945 | | | | | | (2,814) | | | |||
24,500
|
| | Deutsche Bank AG | | |
Call on Taiwan Stock Exchange Weighted Index
|
| |
8,266.730 TWD
|
| | | | 09/03/15 | | | | | | 113,699 | | | | | | (34,385) | | | |||
Total Written OTC Options
|
| | | | | | | | | | | | | | | $ | 581,503 | | | | | $ | (39,175) | | | ||||||
|
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
|
| | | $ | 39,175 | | | |
Total Liability Derivatives | | | | | | |
$
|
39,175
|
| | |
|
| | |
Amount of Realized Gain or (Loss) on
Derivatives Recognized in Income |
| ||||
Derivatives not accounted for as hedging instruments
|
| |
Written options
|
| ||||
Equity contracts | | | | $ | 1,392,096 | | | |
Total
|
| | | $ | 1,392,096 | | | |
|
| | |
Change in Unrealized Appreciation or
Depreciation on Derivatives Recognized in Income |
| ||||
Derivatives not accounted for as hedging instruments
|
| |
Written options
|
| ||||
Equity contracts | | | | $ | 593,763 | | | |
Total
|
| | | $ | 593,763 | | | |
|
| | |
Deutsche
Bank AG |
| |
Goldman
Sachs & Co. |
| |
Morgan
Stanley |
| |
Totals
|
| ||||||||||||||||
Liabilities: | | | | | | ||||||||||||||||||||||||
Written options | | | | $ | 37,199 | | | | | $ | 101 | | | | | $ | 1,875 | | | | | $ | 39,175 | | | ||||
Total Liabilities
|
| | | $ | 37,199 | | | | | $ | 101 | | | | | $ | 1,875 | | | | | $ | 39,175 | | | ||||
Net OTC derivative instruments by counterparty, at fair value
|
| | | $ | (37,199) | | | | | $ | (101) | | | | | $ | (1,875) | | | | | $ | (39,175) | | | ||||
Total collateral pledged by the Fund/(Received from counterparty)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | ||||
Net Exposure(1)
|
| | | $ | (37,199) | | | | | $ | (101) | | | | | $ | (1,875) | | | | | $ | (39,175) | | | ||||
|
Voya Asia Pacific High Dividend | SUMMARY PORTFOLIO OF INVESTMENTS |
Equity Income Fund | as of August 31, 2015 (Unaudited) (continued) |
| Supplemental Call Option Statistics as of August 31, 2015: | | | |||||
| % of Total Net Assets against which calls written | | |
24.86%
|
| |||
| Average Days to Expiration at time written | | | | | 27 days | | |
| Average Call Moneyness* at time written | | | | | ATM | | |
| Premiums received for calls | | | | $ | 581,503 | | |
| Value of calls | | | | $ | (39,175) | | |
| | |
Proposal
|
| |
Shares voted
for |
| |
Shares voted
against or withheld |
| |
Shares
abstained |
| |
Broker
non-vote |
| |
Total Shares
Voted |
| ||||||||||||||||||
Voya Asia Pacific High Dividend Equity Income Fund
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Colleen D. Baldwin | | | |
|
1*
|
| | | | | 10,470,043.954 | | | | | | 646,277.200 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 11,116,321.154 | | |
Peter S. Drotch | | | |
|
1*
|
| | | | | 10,488,250.954 | | | | | | 628,070.200 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 11,116,321.154 | | |
Russell H. Jones | | | |
|
1*
|
| | | | | 10,488,032.954 | | | | | | 628,288.200 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 11,116,321.154 | | |
Joseph E. Obermeyer | | | |
|
1*
|
| | | | | 10,491,489.954 | | | | | | 624,831.200 | | | | | | 0.000 | | | | | | 0.000 | | | | | | 11,116,321.154 | | |
|
Declaration
Date |
| |
Ex Date
|
| |
Record Date
|
| |
Payable Date
|
|
| 16-Mar-15 | | | 1-Apr-15 | | | 6-Apr-15 | | | 15-Apr-15 | |
| 15-Jun-15 | | | 1-Jul-15 | | | 6-Jul-15 | | | 15-Jul-15 | |
| 15-Sep-15 | | | 1-Oct-15 | | | 5-Oct-15 | | | 15-Oct-15 | |
| 15-Dec-15 | | | 29-Dec-15 | | | 31-Dec-15 | | | 15-Jan-16 | |
Item 2. | Code of Ethics. |
Not required for a semi-annual filing.
Item 3. | Audit Committee Financial Expert. |
Not required for a semi-annual filing.
Item 4. | Principal Accountant Fees and Services. |
Not required for a semi-annual filing.
Item 5. | Audit Committee of Listed Registrants. |
Not required for a semi-annual filing.
Item 6. | Schedule of Investments |
Voya Asia Pacific High Dividend Equity Income Fund | PORTFOLIO
OF INVESTMENTS as of August 31, 2015 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 95.7% | ||||||||||||||
Australia: 21.9% | ||||||||||||||
69,388 | Australia & New Zealand Banking Group Ltd. | 1,380,048 | 1.0 | |||||||||||
150,529 | BHP Billiton Ltd. | 2,757,335 | 2.1 | |||||||||||
242,511 | Coca-Cola Amatil Ltd. | 1,448,965 | 1.1 | |||||||||||
953,588 | Federation Centres Ltd | 1,916,948 | 1.5 | |||||||||||
436,178 | Goodman Group | 1,885,117 | 1.4 | |||||||||||
683,541 | Incitec Pivot Ltd. | 1,704,084 | 1.3 | |||||||||||
445,532 | Insurance Australia Group Ltd. | 1,606,151 | 1.2 | |||||||||||
854,614 | Metcash Ltd. | 659,543 | 0.5 | |||||||||||
76,032 | National Australia Bank Ltd. | 1,685,890 | 1.3 | |||||||||||
1,098,531 | Nine Entertainment Co. Holdings Ltd. | 1,294,931 | 1.0 | |||||||||||
41,184 | Rio Tinto Ltd. | 1,477,002 | 1.1 | |||||||||||
267,562 | Santos Ltd. | 982,090 | 0.7 | |||||||||||
1,591,369 | Sigma Pharmaceuticals Ltd. | 910,082 | 0.7 | |||||||||||
150,529 | @ | South32 Ltd. | 162,487 | 0.1 | ||||||||||
1,208,873 | Spark Infrastructure Group | 1,708,265 | 1.3 | |||||||||||
543,187 | Stockland | 1,509,213 | 1.1 | |||||||||||
188,745 | Suncorp Group Ltd | 1,722,379 | 1.3 | |||||||||||
279,034 | Transurban Group | 1,921,027 | 1.5 | |||||||||||
152,403 | Treasury Wine Estates Ltd. | 646,112 | 0.5 | |||||||||||
72,428 | Westpac Banking Corp. | 1,608,286 | 1.2 | |||||||||||
28,985,955 | 21.9 | |||||||||||||
China: 23.7% | ||||||||||||||
250,000 | Beijing Enterprises Holdings Ltd. | 1,458,480 | 1.1 | |||||||||||
450,000 | BOC Hong Kong Holdings Ltd. | 1,520,632 | 1.1 | |||||||||||
4,498,000 | China BlueChemical Ltd. | 1,276,864 | 1.0 | |||||||||||
4,406,960 | China Construction Bank | 3,092,328 | 2.3 | |||||||||||
229,000 | China Life Insurance Co., Ltd. | 782,394 | 0.6 | |||||||||||
142,000 | China Mobile Ltd. | 1,707,990 | 1.3 | |||||||||||
664,000 | China Overseas Land & Investment Ltd. | 1,944,868 | 1.5 | |||||||||||
2,163,800 | China Petroleum & Chemical Corp. | 1,450,923 | 1.1 | |||||||||||
2,992,000 | China Resources Cement Holdings Ltd. | 1,468,044 | 1.1 | |||||||||||
588,000 | China Resources Land Ltd. | 1,472,862 | 1.1 | |||||||||||
746,000 | China Resources Power Holdings Co. | 1,825,132 | 1.4 | |||||||||||
1,422,000 | COSCO Pacific Ltd. | 1,655,142 | 1.3 | |||||||||||
1,424,362 | Huaneng Power International, Inc. | 1,625,304 | 1.2 | |||||||||||
5,017,379 | Industrial & Commercial Bank of China | 2,937,606 | 2.2 | |||||||||||
836,000 | Jiangsu Expressway Co. Ltd. | 987,670 | 0.7 | |||||||||||
3,323,500 | Parkson Retail Group Ltd. | 476,130 | 0.4 | |||||||||||
1,758,000 | PetroChina Co., Ltd. | 1,464,467 | 1.1 | |||||||||||
545,000 | Shanghai Industrial Holdings Ltd. | 1,327,798 | 1.0 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
China: (continued) | ||||||||||||||
809,000 | Shanghai Pharmaceuticals Holding Co. Ltd. | 1,689,192 | 1.3 | |||||||||||
805,500 | Shimao Property Holdings Ltd. | 1,127,326 | 0.9 | |||||||||||
31,291,152 | 23.7 | |||||||||||||
Hong Kong: 9.2% | ||||||||||||||
636,534 | AIA Group Ltd. | 3,516,913 | 2.7 | |||||||||||
13,570,000 | Emperor Watch & Jewellery Ltd. | 490,313 | 0.4 | |||||||||||
701,000 | Hang Lung Properties Ltd. | 1,586,974 | 1.2 | |||||||||||
2,854,500 | # | HK Electric Investments and HK Electric Investments Ltd. | 1,981,691 | 1.5 | ||||||||||
4,076,000 | Hutchison Telecommunications Hong Kong Holdings Ltd. | 1,643,529 | 1.2 | |||||||||||
393,500 | MTR Corp. | 1,755,297 | 1.3 | |||||||||||
319,100 | Television Broadcasts Ltd. | 1,198,161 | 0.9 | |||||||||||
12,172,878 | 9.2 | |||||||||||||
India: 7.0% | ||||||||||||||
335,192 | GAIL India Ltd. | 1,492,866 | 1.1 | |||||||||||
458,985 | ICICI Bank Ltd. | 1,929,896 | 1.4 | |||||||||||
912,736 | NTPC Ltd. | 1,668,114 | 1.3 | |||||||||||
627,310 | Punjab National Bank | 1,366,918 | 1.1 | |||||||||||
114,011 | Reliance Industries Ltd. | 1,467,327 | 1.1 | |||||||||||
375,400 | Tata Steel Ltd. | 1,271,307 | 1.0 | |||||||||||
9,196,428 | 7.0 | |||||||||||||
Indonesia: 1.7% | ||||||||||||||
1,204,800 | Indo Tambangraya Megah PT | 804,634 | 0.6 | |||||||||||
3,837,000 | Indofood Sukses Makmur Tbk PT | 1,446,522 | 1.1 | |||||||||||
2,251,156 | 1.7 | |||||||||||||
Macau: 1.2% | ||||||||||||||
465,252 | Sands China Ltd. | 1,617,131 | 1.2 | |||||||||||
Malaysia: 3.2% | ||||||||||||||
1,624,013 | Berjaya Sports Toto BHD | 1,142,072 | 0.9 | |||||||||||
995,400 | IJM Corp. Bhd | 1,493,931 | 1.1 | |||||||||||
757,500 | Malayan Banking BHD | 1,580,440 | 1.2 | |||||||||||
4,216,443 | 3.2 | |||||||||||||
Singapore: 0.9% | ||||||||||||||
1,139,500 | First Resources Ltd. | 1,232,359 | 0.9 | |||||||||||
South Korea: 14.2% | ||||||||||||||
183,652 | DGB Financial Group, Inc. | 1,613,846 | 1.2 | |||||||||||
83,680 | Hite Jinro Co. Ltd. | 1,562,874 | 1.2 | |||||||||||
74,059 | Hyundai Marine & Fire Insurance Co., Ltd. | 1,751,840 | 1.3 | |||||||||||
50,371 | Kangwon Land, Inc. | 1,810,660 | 1.4 | |||||||||||
58,709 | KB Financial Group, Inc. | 1,771,021 | 1.3 | |||||||||||
73,831 | KT Corp. | 1,808,338 | 1.4 | |||||||||||
35,185 | LG Display Co., Ltd. | 693,324 | 0.5 | |||||||||||
7,887 | POSCO | 1,269,972 | 1.0 | |||||||||||
3,494 | Samsung Electronics Co., Ltd. | 3,215,083 | 2.4 | |||||||||||
51,012 | Shinhan Financial Group Co., Ltd. | 1,710,618 | 1.3 |
See Accompanying Notes to Financial Statements
Voya Asia Pacific High Dividend Equity Income Fund | PORTFOLIO
OF INVESTMENTS as of August 31, 2015 (Unaudited) (continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
South Korea: (continued) | ||||||||||||||
19,033 | SK Innovation Co. Ltd. | 1,619,771 | 1.2 | |||||||||||
18,827,347 | 14.2 | |||||||||||||
Taiwan: 10.5% | ||||||||||||||
1,070,000 | Cathay Financial Holding Co., Ltd. | 1,545,649 | 1.2 | |||||||||||
432,000 | Cheng Uei Precision Industry Co., Ltd. | 601,927 | 0.4 | |||||||||||
3,089,319 | CTBC Financial Holding Co. Ltd. | 1,863,606 | 1.4 | |||||||||||
121,827 | MediaTek, Inc. | 939,998 | 0.7 | |||||||||||
930,000 | Powertech Technology, Inc. | 1,603,329 | 1.2 | |||||||||||
777,000 | Quanta Computer, Inc. | 1,430,103 | 1.1 | |||||||||||
274,000 | Radiant Opto-Electronics Corp. | 799,103 | 0.6 | |||||||||||
1,045,167 | Taiwan Semiconductor Manufacturing Co., Ltd. | 4,066,545 | 3.1 | |||||||||||
270,000 | Tong Hsing Electronic Industries Ltd. | 605,467 | 0.5 | |||||||||||
166,000 | TPK Holding Co. Ltd. | 416,363 | 0.3 | |||||||||||
13,872,090 | 10.5 | |||||||||||||
Thailand: 1.0% | ||||||||||||||
175,900 | PTT PCL-Foreign | 1,325,443 | 1.0 | |||||||||||
United Kingdom: 1.2% | ||||||||||||||
206,400 | HSBC Holdings PLC | 1,638,034 | 1.2 | |||||||||||
Total
Common Stock (Cost $166,305,232) | 126,626,416 | 95.7 | ||||||||||||
PREFERRED STOCK: 2.2% | ||||||||||||||
South Korea: 2.2% | ||||||||||||||
4,238 | Hyundai Motor Co. | 346,949 | 0.3 | |||||||||||
10,406 | Hyundai Motor Co.- Series 2 | 878,623 | 0.7 | |||||||||||
2,267 | Samsung Electronics Co., Ltd. | 1,666,177 | 1.2 | |||||||||||
Total Preferred Stock (Cost $2,714,320) |
2,891,749 | 2.2 | ||||||||||||
Total
Investments in Securities (Cost $169,019,552) | $ | 129,518,165 | 97.9 | |||||||||||
Assets in Excess of Other Liabilities | 2,836,446 | 2.1 | ||||||||||||
Net Assets | $ | 132,354,611 | 100.0 |
# | 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. |
@ | Non-income producing security. |
Cost for federal income tax purposes is $169,090,093. | |
Net unrealized depreciation consists of: |
Gross Unrealized Appreciation | $ | 4,172,596 | ||
Gross Unrealized Depreciation | (43,744,524 | ) | ||
Net Unrealized Depreciation | $ | (39,571,928 | ) |
See Accompanying Notes to Financial Statements
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not required for a semi-annual filing.
Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not required for semi-annual filing.
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
None.
Item 10. | Submission of Matters to a Vote of Security Holders. |
N/A.
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. | 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 as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as EX-99.CERT. |
(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. |
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 Asia Pacific High Dividend Equity Income Fund
By | /s/ Shaun P. Mathews | |
Shaun P. Mathews | ||
President and Chief Executive Officer |
Date: November 6, 2015
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/ Shaun P. Mathews | |
Shaun P. Mathews | ||
President and Chief Executive Officer |
Date: November 6, 2015
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 6, 2015