NPORT-EX 2 473293VYBrandyWineGloBdPort.htm

 

VY® BrandywineGLOBAL- Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2020 (Unaudited)

 

Principal
Amount†		     Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: 61.1%  
    Basic Materials: 4.1%
 7,347,000   Freeport-McMoRan, Inc., 5.450%, 03/15/2043 $   6,632,871   3.0
 2,610,000   Steel Dynamics, Inc., 3.450%, 04/15/2030 2,379,387   1.1
      9,012,258   4.1
         
    Communications: 2.9%
 285,000   Comcast Corp., 3.400%, 04/01/2030 309,149   0.2
 115,000   Comcast Corp., 3.750%, 04/01/2040 127,366   0.1
 3,740,000 (1) NBCUniversal Enterprise, Inc., 1.833%, (US0003M + 0.400%), 04/01/2021 3,690,583   1.7
 600,000   Walt Disney Co/The, 4.625%, 03/23/2040 733,088   0.3
 1,055,000   Walt Disney Co/The, 4.700%, 03/23/2050 1,378,482   0.6
      6,238,668   2.9
         
    Consumer, Cyclical: 1.3%
 230,000   Home Depot, Inc./The, 3.300%, 04/15/2040 236,391   0.1
 195,000   Home Depot, Inc./The, 3.350%, 04/15/2050 212,646   0.1
 430,000   Lowe's Cos, Inc., 5.125%, 04/15/2050 520,086   0.2
 170,000   Lowe's Cos, Inc., 5.000%, 04/15/2040 192,999   0.1
 175,000   McDonald's Corp., 3.600%, 07/01/2030 183,663   0.1
 235,000   McDonald's Corp., 3.625%, 09/01/2049 241,309   0.1
 325,000   McDonald's Corp., 4.200%, 04/01/2050 361,658   0.2
 205,000   NIKE, Inc., 3.250%, 03/27/2040 214,515   0.1
 205,000   NIKE, Inc., 3.375%, 03/27/2050 225,308   0.1
 420,000   Toyota Motor Credit Corp., 3.375%, 04/01/2030 425,817   0.2
      2,814,392   1.3
         
    Consumer, Non-cyclical: 5.6%
 8,380,000   Anheuser-Busch InBev Worldwide, Inc., 5.450%, 01/23/2039 9,785,257   4.5
 460,000 (1) Bristol-Myers Squibb Co., 3.875%, 08/15/2025 500,022   0.2
 150,000 (1) Bristol-Myers Squibb Co., 3.900%, 02/20/2028 167,349   0.1
 185,000   Coca-Cola Co/The, 4.125%, 03/25/2040 228,403   0.1
 305,000   Coca-Cola Co/The, 4.200%, 03/25/2050 400,725   0.2
 325,000   CVS Health Corp., 4.125%, 04/01/2040 327,802   0.1
 420,000   CVS Health Corp., 4.250%, 04/01/2050   438,505   0.2
 215,000   Procter & Gamble Co/The, 3.550%, 03/25/2040 251,303   0.1
 190,000   Procter & Gamble Co/The, 3.600%, 03/25/2050 235,055   0.1
      12,334,421   5.6
         
    Energy: 6.3%
 2,610,000   Apache Corp., 4.250%, 01/15/2044 1,141,175   0.5
 2,100,000   Concho Resources, Inc., 4.875%, 10/01/2047 1,625,593   0.7
 720,000   Petroleos Mexicanos, 6.750%, 09/21/2047 467,780   0.2
 3,820,000 (1) Petroleos Mexicanos, 7.690%, 01/23/2050 2,694,265   1.2
 2,480,000   Plains All American Pipeline L.P. / PAA Finance Corp., 4.700%, 06/15/2044 1,641,135   0.8
 6,250,000 (1) Saudi Arabian Oil Co., 4.375%, 04/16/2049 6,240,582   2.9
      13,810,530   6.3
         
    Financial: 22.5%
 580,000   American International Group, Inc., 4.500%, 07/16/2044 595,457   0.3
 5,075,000 (2) Bank of America Corp., 4.083%, 03/20/2051 5,776,627   2.6
 4,505,000   Bank of Montreal, 0.818%, (SOFRRATE + 0.680%), 03/10/2023 4,118,203   1.9
 3,780,000   Canadian Imperial Bank of Commerce, 0.818%, (SOFRRATE + 0.800%), 03/17/2023 3,604,910   1.6
 5,530,000 (2) Citigroup, Inc., 5.316%, 03/26/2041 6,945,738   3.2
 5,730,000 (2) JPMorgan Chase & Co., 4.493%, 03/24/2031 6,656,187   3.0
 170,000   Mastercard, Inc., 3.350%, 03/26/2030 189,303   0.1
 175,000   Mastercard, Inc., 3.850%, 03/26/2050 214,609   0.1
 2,620,000 (1) Metropolitan Life Global Funding I, 1.695%, (SOFRRATE + 0.570%), 01/13/2023 2,290,973   1.0
 5,530,000 (2) Morgan Stanley, 5.597%, 03/24/2051 7,844,100   3.6
 170,000   Prudential Financial, Inc., 4.350%, 02/25/2050 175,414   0.1
 6,440,000   Wells Fargo & Co., 2.819%, (US0003M + 1.025%), 07/26/2021 6,385,541   2.9
 2,255,000 (2) Wells Fargo & Co., 4.478%, 04/04/2031 2,560,201   1.2

 

 

 

 

VY® BrandywineGLOBAL- Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2020 (Unaudited) (Continued)

 

Principal
Amount†		     Value Percentage
of Net
Assets
CORPORATE BONDS/NOTES: (continued)  
    Financial: (continued)
 1,545,000 (2) Wells Fargo & Co., 5.013%, 04/04/2051 $   1,975,734   0.9
      49,332,997   22.5
         
    Industrial: 2.5%
 640,000   3M Co., 3.700%, 04/15/2050 718,156   0.3
 360,000   Boeing Co/The, 3.950%, 08/01/2059 325,122   0.2
 340,000   General Dynamics Corp., 4.250%, 04/01/2040 406,385   0.2
 135,000   General Dynamics Corp., 4.250%, 04/01/2050 168,098   0.1
 515,000   Northrop Grumman Corp., 5.150%, 05/01/2040 652,931   0.3
 520,000   Northrop Grumman Corp., 5.250%, 05/01/2050 710,916   0.3
 480,000   United Parcel Service, Inc., 5.200%, 04/01/2040 588,223   0.3
 1,370,000   United Parcel Service, Inc., 5.300%, 04/01/2050 1,811,882   0.8
      5,381,713   2.5
         
    Technology: 14.7%
 4,840,000 (1) Dell International LLC / EMC Corp., 5.300%, 10/01/2029 4,718,163   2.2
 4,800,000   Hewlett Packard Enterprise Co., 6.350%, 10/15/2045 5,605,576   2.6
 920,000   Intel Corp., 4.750%, 03/25/2050 1,212,924   0.6
 325,000   Intel Corp., 4.950%, 03/25/2060 452,912   0.2
 5,770,000   International Business Machines Corp., 4.250%, 05/15/2049 7,058,797   3.2
 7,200,000   Micron Technology, Inc., 5.327%, 02/06/2029 7,919,744   3.6
 435,000   NVIDIA Corp., 3.500%, 04/01/2040 463,760   0.2
 670,000   NVIDIA Corp., 3.500%, 04/01/2050 733,527   0.3
 2,105,000   Oracle Corp., 3.600%, 04/01/2050 2,106,096   1.0
 1,795,000   Oracle Corp., 3.850%, 04/01/2060 1,815,075   0.8
      32,086,574   14.7
         
    Utilities: 1.2%
 1,680,000   Consolidated Edison Co. of New York, Inc., 3.350%, 04/01/2030 1,736,427   0.8
 475,000   Consolidated Edison Co. of New York, Inc., 3.950%, 04/01/2050 496,823   0.2
 295,000   Exelon Corp., 4.050%, 04/15/2030 292,760   0.1
 130,000   Exelon Corp., 4.700%, 04/15/2050   136,342   0.1
      2,662,352   1.2
         
  Total Corporate Bonds/Notes    
  (Cost $133,317,960) 133,673,905   61.1
       
COLLATERALIZED MORTGAGE OBLIGATIONS: 2.9%  
 2,204,955 (1),(2) Angel Oak Mortgage Trust 2019-6 A1, 2.620%, 11/25/2059 2,196,506   1.0
 1,205,148 (1),(2) Angel Oak Mortgage Trust I LLC 2019-2 A1, 3.628%, 03/25/2049 1,217,357   0.5
 3,057,346   Residential Mortgage Loan Trust 2019-3, 2.633%, 09/25/2059 2,980,912   1.4
         
  Total Collateralized Mortgage Obligations    
  (Cost $6,382,764) 6,394,775   2.9
       
MUNICIPAL BONDS: 0.0%  
    Minnesota: 0.0%
 41,451   Northstar Education Finance, Inc., 1.894%, (US0003M + 0.100%), 04/28/2030 41,359   0.0
         
  Total Municipal Bonds    
  (Cost $40,842) 41,359   0.0
       
U.S. TREASURY OBLIGATIONS: 12.4%  
    U.S. Treasury Bonds: 2.9%
 5,110,000   2.375%,11/15/2049 6,382,111   2.9
         
    U.S. Treasury Floating Rate Notes: 9.5%
 20,685,000   0.385%, (USBMMY3M + 0.300%),10/31/2021 20,746,325   9.5
         
  Total U.S. Treasury Obligations    
  (Cost $26,213,246) 27,128,436   12.4
       
U.S. GOVERNMENT AGENCY OBLIGATIONS: 15.2%  
    Federal Home Loan Bank: 4.5%
 9,800,000   1.875%,07/07/2021 9,984,756   4.5
         
    Federal Home Loan Mortgage Corporation: 3.4%(3)
 7,300,000   1.125%,08/12/2021 7,374,828   3.4
         
    Federal National Mortgage Association: 7.3%(3)
 15,900,000   1.500%,07/30/2020 15,968,292   7.3
         
  Total U.S. Government Agency Obligations    
  (Cost $32,979,139) 33,327,876   15.2

 

 

 

 

VY® BrandywineGLOBAL- Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2020 (Unaudited) (Continued)

 

Principal
Amount†		     Value Percentage
of Net
Assets
COMMERCIAL MORTGAGE-BACKED SECURITIES: 0.7%  
 1,520,000 (1) Credit Suisse Mortgage Capital Certificates 2019-ICE4 A, 1.685%, (US0001M + 0.980%), 05/15/2036 $   1,452,959   0.7
         
  Total Commercial Mortgage-Backed Securities    
  (Cost $1,453,500) 1,452,959   0.7
       
ASSET-BACKED SECURITIES: 0.3%  
    Other Asset-Backed Securities: 0.3%
 720,000 (1),(2) Towd Point Mortgage Trust 2018-3 A2, 3.875%, 05/25/2058 704,111   0.3
         
  Total Asset-Backed Securities    
  (Cost $695,700) 704,111   0.3
       
  Total Long-Term Investments    
  (Cost $201,083,151) 202,723,421   92.6
       
Shares     Value Percentage
of Net
Assets
SHORT-TERM INVESTMENTS: 7.4%
    Mutual Funds: 7.4%
16,185,892 (4) BlackRock Liquidity Funds, FedFund, Institutional Class, 0.330%    
    (Cost $16,185,892) 16,185,892   7.4
         
  Total Short-Term Investments    
  (Cost $16,185,892) 16,185,892   7.4
       
  Total Investments in Securities
(Cost $217,269,043)		 $   218,909,313   100.0
  Assets in Excess of Other Liabilities 100,258     0.0
  Net Assets $   219,009,571     100.0

 

† Unless otherwise indicated, principal amount is shown in USD.
(1) 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.
(2) Variable rate security. Rate shown is the rate in effect as of March 31, 2020.
(3) The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
(4) Rate shown is the 7-day yield as of March 31, 2020.

 

  Reference Rate Abbreviations:
  SOFRRATE Secured Overnight Financing Rate
  US0001M 1-month LIBOR
  US0003M 3-month LIBOR
  USBMMY3M U.S. Treasury 3-month Bill Money Market Yield

 

 

 

 

VY® BrandywineGLOBAL- Bond Portfolio PORTFOLIO OF INVESTMENTS
as of March 31, 2020 (Unaudited) (Continued)

 

Fair Value Measurements

 

The following is a summary of the fair valuations according to the inputs used as of March 31, 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
March 31, 2020		 
Asset Table                    
Investments, at fair value                    
Corporate Bonds/Notes  $–   $133,673,905   $                    –   $133,673,905 
Collateralized Mortgage Obligations   –    6,394,775    –    6,394,775 
Municipal Bonds   –    41,359    –    41,359 
Commercial Mortgage-Backed Securities   –    1,452,959    –    1,452,959 
U.S. Government Agency Obligations   –    33,327,876    –    33,327,876 
Asset-Backed Securities   –    704,111    –    704,111 
U.S. Treasury Obligations   –    27,128,436    –    27,128,436 
Short-Term Investments   16,185,892    –    –    16,185,892 
Total Investments, at fair value  $16,185,892   $202,723,421   $–   $218,909,313 

 

At March 31, 2020, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:

 

Cost for federal income tax purposes was $217,291,292.
 
Net unrealized appreciation consisted of:
 
Gross Unrealized Appreciation  $10,161,134 
Gross Unrealized Depreciation   (8,543,112)
Net Unrealized Appreciation  $1,618,022