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: 811-21553
Voya Global Equity Dividend and Premium Opportunity 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) |
The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801
(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, 2017 to August 31, 2017
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):
This report is intended for existing current holders. It is not a prospectus. This information should be read carefully. |
INVESTMENT MANAGEMENT | |
voyainvestments.com |
TABLE OF CONTENTS
President’s
Letter |
1 | |||||
Market
Perspective |
2 | |||||
Portfolio
Managers’ Report |
4 | |||||
Statement of
Assets and Liabilities |
6 | |||||
Statement of
Operations |
7 | |||||
Statements of
Changes in Net Assets |
8 | |||||
Financial
Highlights |
9 | |||||
Notes to
Financial Statements |
10 | |||||
Summary Portfolio
of Investments (“Portfolio of Investments”) |
19 | |||||
Shareholder
Meeting Information |
25 | |||||
Additional
Information |
26 |
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PROXY VOTING INFORMATION
QUARTERLY PORTFOLIO HOLDINGS
PRESIDENT’S LETTER
* |
The final tax composition of dividends and distributions will not be determined until after the Fund’s tax year-end. | |
(1) |
Total investment return at NAV has been calculated assuming a purchase at NAV at the beginning of each period and a sale at NAV at the end of each period and assumes reinvestment of dividends, capital gain distributions, and return of capital distributions/allocations, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. | |
(2) |
Total returns shown include, if applicable, the effect of fee waivers and/or expense reimbursements by the investment adviser. Had all fees and expenses been considered, the total returns would have been lower. | |
(3) |
Total investment return at market value measures the change in the market value of your investment assuming reinvestment of dividends, capital gain distributions, and return of capital distributions/allocations, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. |
Index | Description | |
---|---|---|
Bloomberg Barclays
High Yield Bond — 2% Issuer Constrained Composite Index |
An
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. |
|
Bloomberg Barclays
U.S. Aggregate Bond Index |
An
index of publicly issued investment grade U.S. Government, mortgage-backed, asset-backed and corporate debt securities. |
|
Bloomberg Barclays
U.S. Corporate Investment Grade Bond Index |
An
index consisting of publicly issued, fixed rate, nonconvertible, investment grade debt securities. |
|
Bloomberg Barclays
Long-Term U.S. Treasury Index |
This
index measures the performance of U.S. Treasury bill with long-term maturity. The credit level for this index is investment grade. The rebalance scheme
is monthly. |
|
Chicago Board
Options Exchange BuyWrite Monthly Index (“CBOE BuyWrite Monthly Index”) |
A
passive total return index based on selling the near-term, at-the-money S&P 500® Index call option against the S&P 500® stock index
portfolio each month, on the day the current contract expires. |
|
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
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
index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock
markets. |
VOYA GLOBAL
EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND |
PORTFOLIO MANAGERS’ REPORT |
Geographic Diversification
as of August 31, 2017 (as a percentage of net assets) |
|||
United
States |
44.7 | % | |
France |
11.7 | % | |
Japan |
8.2 | % | |
United
Kingdom |
8.2 | % | |
Switzerland |
5.1 | % | |
Italy |
3.7 | % | |
Canada |
2.4 | % | |
Netherlands |
2.0 | % | |
Spain |
1.9 | % | |
Singapore |
1.3 | % | |
Countries
between 0.4%–1.2%ˆ |
4.1 | % | |
Assets in
Excess of Other Liabilities* |
6.7 | % | |
Net
Assets |
100.0 | % | |
* Includes short-term investments and purchased options.
|
|||
ˆ Includes 5 countries, which each represents 0.4%–1.2% of net assets.
|
|||
Portfolio holdings are subject to change daily.
|
Voya Global Equity Dividend and Premium Opportunity Fund (the “Fund”) is a diversified closed-end fund that seeks to provide investors with a high level of income from a portfolio of global common stocks with historically attractive dividend yields and premiums from call option writing. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a portfolio of common stocks of dividend paying companies located throughout the world, including the U.S. The Fund’s secondary investment objective is capital appreciation.
Top Ten Holdings as of August 31, 2017* (as a percentage of net assets) |
|||||||
Royal
Dutch Shell PLC |
2.0 | % | |||||
Citigroup, Inc. |
2.0 | % | |||||
Apple,
Inc. |
2.0 | % | |||||
BNP
Paribas |
1.9 | % | |||||
Total
S.A. |
1.7 | % | |||||
Assicurazioni Generali S.p.A. |
1.7 | % | |||||
Microsoft
Corp. |
1.6 | % | |||||
Pfizer,
Inc. |
1.6 | % | |||||
Engie
SA |
1.6 | % | |||||
Cisco
Systems, Inc. |
1.6 | % | |||||
* Excludes short-term investments. |
|||||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS’ REPORT | VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND |
(1) |
Total returns shown include, if applicable, the effect of fee waivers and/or expense reimbursements by the investment adviser. Had all fees and expenses been considered, the total returns would have been lower. | |
(2) |
The final tax composition of dividends and distributions will not be determined until after the Fund’s tax year-end. |
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Fund holdings are subject to change daily. The outlook for this Fund may differ from that presented for other Voya mutual funds. The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions. This report contains statements that may be “forward-looking” statements. Actual results may differ materially from those projected in the “forward-looking” statements. The Fund’s performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. An index has no cash in its portfolio, imposes no sales charges and incurs no operating expenses. An investor cannot invest directly in an index.
ASSETS: |
||||||
Investments in
securities at fair value* |
$ | 742,069,279 | ||||
Short-term
investments at fair value** |
44,897,435 | |||||
Cash collateral
for futures |
22,953 | |||||
Cash pledged as
collateral for OTC derivatives (Note 2) |
2,690,000 | |||||
Foreign
currencies at value*** |
23,828 | |||||
Foreign cash
collateral for futures**** |
5,032,974 | |||||
Receivables: |
||||||
Investment
securities sold |
6,182,669 | |||||
Dividends |
2,382,091 | |||||
Foreign tax
reclaims |
311,748 | |||||
Variation
margin |
2,436 | |||||
Prepaid
expenses |
5,922 | |||||
Reimbursement
due from manager |
16,532 | |||||
Other
assets |
39,752 | |||||
Total
assets |
803,677,619 | |||||
LIABILITIES: |
||||||
Payable for
investment securities purchased |
4,033,704 | |||||
Payable for
investment management fees |
773,622 | |||||
Payable to
trustees under the deferred compensation plan (Note 6) |
39,752 | |||||
Payable for
trustee fees |
3,933 | |||||
Other accrued
expenses and liabilities |
163,864 | |||||
Written options,
at fair valueˆ |
3,376,417 | |||||
Total
liabilities |
8,391,292 | |||||
NET
ASSETS |
$ | 795,286,327 | ||||
NET ASSETS
WERE COMPRISED OF: |
||||||
Paid-in
capital |
$ | 1,066,849,843 | ||||
Distributions in
excess of net investment income or accumulated net investment loss |
(5,055,074 | ) | ||||
Accumulated net
realized loss |
(252,252,240 | ) | ||||
Net unrealized
depreciation |
(14,256,202 | ) | ||||
NET
ASSETS |
$ | 795,286,327 | ||||
* Cost of
investments in securities |
$ | 756,777,767 | ||||
** Cost of
short-term investments |
$ | 44,897,435 | ||||
*** Cost of
foreign currencies |
$ | 16,711 | ||||
**** Cost of
foreign cash collateral for futures |
$ | 5,032,974 | ||||
ˆ Premiums
received on written options |
$ | 4,089,505 | ||||
Net
assets |
$ | 795,286,327 | ||||
Shares
authorized |
unlimited | |||||
Par
value |
$ | 0.010 | ||||
Shares
outstanding |
97,077,421 | |||||
Net asset
value |
$ | 8.19 |
INVESTMENT
INCOME: |
||||||
Dividends, net
of foreign taxes withheld* |
$ | 14,605,795 | ||||
Total
investment income |
14,605,795 | |||||
EXPENSES: |
||||||
Investment
management fees |
4,559,708 | |||||
Transfer agent
fees |
15,886 | |||||
Shareholder
reporting expense |
70,605 | |||||
Professional
fees |
35,810 | |||||
Custody and
accounting expense |
108,781 | |||||
Trustee
fees |
11,798 | |||||
Miscellaneous
expense |
77,830 | |||||
Total
expenses |
4,880,418 | |||||
Waived and
reimbursed fees |
(107,901 | ) | ||||
Net
expenses |
4,772,517 | |||||
Net investment
income |
9,833,278 | |||||
REALIZED AND
UNREALIZED GAIN (LOSS): |
||||||
Net realized
gain (loss) on: |
||||||
Investments |
595,172 | |||||
Forward
foreign currency contracts |
(18,841 | ) | ||||
Foreign
currency related transactions |
516,190 | |||||
Futures |
6,782,842 | |||||
Written
options |
1,024,390 | |||||
Net realized
gain |
8,899,753 | |||||
Net change in
unrealized appreciation (depreciation) on: |
||||||
Investments |
33,141,210 | |||||
Foreign
currency related transactions |
51,413 | |||||
Futures |
(587,125 | ) | ||||
Written
options |
2,189,110 | |||||
Net change in
unrealized appreciation (depreciation) |
34,794,608 | |||||
Net realized and
unrealized gain |
43,694,361 | |||||
Increase in
net assets resulting from operations |
$ | 53,527,639 | ||||
* Foreign
taxes withheld |
$ | 1,297,824 |
Six Months Ended August 31, 2017 |
Year Ended February 28, 2017 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
FROM
OPERATIONS: |
||||||||||
Net investment
income |
$ | 9,833,278 | $ | 18,196,237 | ||||||
Net realized
gain |
8,899,753 | 30,677,630 | ||||||||
Net change in
unrealized appreciation (depreciation) |
34,794,608 | 83,946,417 | ||||||||
Increase in net
assets resulting from operations |
53,527,639 | 132,820,284 | ||||||||
FROM
DISTRIBUTIONS TO SHAREHOLDERS: |
||||||||||
Net investment
income |
(13,704,699 | ) | (60,524,406 | ) | ||||||
Return of
capital |
(21,825,637 | ) | (25,484,984 | ) | ||||||
Total
distributions |
(35,530,336 | ) | (86,009,390 | ) | ||||||
FROM CAPITAL
SHARE TRANSACTIONS: |
||||||||||
Cost of shares
repurchased, net of commissions |
— | (3,250,793 | ) | |||||||
Net decrease in
net assets resulting from capital share transactions |
— | (3,250,793 | ) | |||||||
Net increase in
net assets |
17,997,303 | 43,560,101 | ||||||||
NET
ASSETS: |
||||||||||
Beginning of
year or period |
777,289,024 | 733,728,923 | ||||||||
End of year or
period |
$ | 795,286,327 | $ | 777,289,024 | ||||||
Distributions in
excess of net investment income or accumulated net investment loss at end of year or period |
$ | (5,055,074 | ) | $ | (1,183,653 | ) |
Per Share Operating Performance |
Ratios and Supplemental Data |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) from investment operations |
|
Less distributions |
|
Ratios to average net assets |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of year or period |
|
Net investment income |
|
Net realized and unrealized gain (loss) |
|
Total from investment operations |
|
From net investment income |
|
From net realized gains |
|
From return of capital |
|
Total distributions |
|
Adjustment to paid-in capital for offering costs |
|
Net asset value, end of year or period |
|
Market value, end of year or period |
|
Total investment return at net asset value(1) |
|
Total investment return at market value(2) |
|
Net assets, end of year or period (000’s) |
|
Gross expenses prior to expense waiver/ recoupment(3) |
|
Net expenses after expense waiver/ recoupment(3)(4) |
|
Net investment income (loss)(3)(4) |
|
Portfolio turnover |
|||||||||||||||||||||||||||||||||||||||
Year or period ended |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
(%) |
|
(%) |
|
($000’s) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|||||||||||||||||||||||||||||||||||||
08-31-17 |
8.01 | 0.10 | • | 0.44 | 0.54 | 0.14 | — | 0.22 | 0.36 | — | 8.19 | 7.84 | 7.38 | 12.95 | 795,286 | 1.23 | 1.20 | 2.48 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-17 |
7.52 | 0.19 | 1.18 | 1.37 | 0.62 | — | 0.26 | 0.88 | — | 8.01 | 7.29 | 20.78 | 26.97 | 777,289 | 1.23 | 1.20 | 2.39 | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-29-16 |
9.31 | 0.18 | (1.06 | ) | (0.88 | ) | 0.77 | — | 0.14 | 0.91 | — | 7.52 | 6.51 | (8.90 | )(5) | (13.92 | ) | 733,729 | 1.23 | 1.20 | 2.10 | 29 | |||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-15 |
10.05 | 0.22 | (0.05 | ) | 0.17 | 0.91 | — | — | 0.91 | — | 9.31 | 8.53 | 2.47 | 3.92 | 908,601 | 1.22 | 1.20 | 2.23 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-14 |
9.82 | 0.27 | 0.92 | 1.19 | 0.69 | — | 0.27 | 0.96 | — | 10.05 | 9.08 | 13.65 | 9.95 | 979,929 | 1.22 | 1.20 | 2.70 | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-13 |
10.01 | 0.27 | 0.61 | 0.88 | 0.25 | — | 0.82 | 1.07 | — | 9.82 | 9.17 | 10.34 | 7.88 | 958,153 | 1.23 | 1.18 | 2.78 | 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-29-12 |
11.39 | 0.36 | • | (0.55 | ) | (0.19 | ) | 0.26 | — | 0.93 | 1.19 | — | 10.01 | 9.56 | (1.13 | ) | (3.28 | ) | 976,685 | 1.24 | 1.14 | 3.45 | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-11 |
11.58 | 0.35 | 0.76 | 1.11 | 0.82 | — | 0.48 | 1.30 | — | 11.39 | 11.12 | 10.44 | 0.29 | 1,108,699 | 1.22 | 1.07 | 3.16 | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-10 |
9.81 | 0.38 | 3.17 | 3.55 | 0.30 | — | 1.48 | 1.78 | — | 11.58 | 12.45 | 38.12 | 78.96 | 1,117,910 | 1.23 | 1.03 | 3.34 | 72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-09 |
17.39 | 0.68 | • | (6.39 | ) | (5.71 | ) | 0.95 | — | 0.92 | 1.87 | — | 9.81 | 8.14 | (34.02 | ) | (45.09 | ) | 947,889 | 1.22 | 1.02 | 4.76 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||
02-29-08 |
19.98 | 0.66 | • | (1.18 | ) | (0.52 | ) | 0.61 | 1.35 | 0.11 | 2.07 | — | 17.39 | 17.34 | (2.74 | ) | (5.71 | ) | 1,691,458 | 1.23 | 1.03 | 3.40 | 79 |
(1) |
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of each period and a sale at net asset value at the end of each period and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Total investment return at net asset value is not annualized for periods less than one year. | |
(2) |
Total investment return at market value measures the change in the market value of your investment assuming reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the Fund’s dividend reinvestment plan. Total investment return at market value is not annualized for periods less than one year. | |
(3) |
Annualized for periods less than one year. | |
(4) |
The Investment Adviser has entered into a written expense limitation agreement with the Fund under which it will limit the expenses of the Fund (excluding interest, taxes, investment-related costs, leverage expenses, extraordinary expenses and acquired fund fees and expenses) subject to possible recoupment by the Investment Adviser within three years of being incurred. | |
(5) |
Excluding amounts related to a foreign currency settlement recorded in the fiscal year ended February 29, 2016, the Fund’s total return would have been (9.51)%. | |
• |
Calculated using average number of shares outstanding throughout the year or period. |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017
(UNAUDITED)
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
(1) |
Market value of investment securities, other assets and liabilities — at the exchange rates prevailing at Market Close. |
(2) |
Purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions. |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES
(continued)
the Fund does not isolate the portion of the results of
operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities
held. Such fluctuations are included with the net realized and unrealized gains or losses from investments. For securities, which are subject to
foreign withholding tax upon disposition, liabilities are recorded on the Statement of Assets and Liabilities for the estimated tax withholding based
on the securities’ current market value. Upon disposition, realized gains or losses on such securities are recorded net of foreign withholding
tax.
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES
(continued)
health deteriorates, whether because of broad economic
or issuer-specific reasons. In certain cases, the issuer could be late in paying interest or principal, or could fail to pay its financial obligations
altogether.
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES
(continued)
a single counterparty and as a result are subject to
credit risks related to the counterparty’s ability or willingness to perform its obligations; any deterioration in the counterparty’s
creditworthiness could adversely affect the value of the derivative. In addition, derivatives and their underlying securities may experience periods of
illiquidity which could cause the Fund to hold a security it might otherwise sell, or to sell a security it otherwise might hold at inopportune times
or at an unanticipated price. A manager might imperfectly judge the direction of the market. For instance, if a derivative is used as a hedge to offset
investment risk in another security, the hedge might not correlate to the market’s movements and may have unexpected or undesired results such as
a loss or a reduction in gains.
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
August 31, |
|||||||
2018 |
2019 |
2020 |
Total |
||||
$181,745 |
$187,559 |
$191,897 |
$561,201 |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
Notional Amount |
Cost |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at
02/28/2017 |
$ | 219,000,000 | $ | 1,097,708 | ||||||
Options
Purchased |
216,200,000 | 1,123,098 | ||||||||
Options
Expired |
(321,200,000 | ) | (1,645,148 | ) | ||||||
Options
Terminated in Closing Sell Transactions |
10,500,000 | 75,492 | ||||||||
Balance at
08/31/2017 |
$ | 124,500,000 | $ | 651,150 |
Notional Amount |
Premiums Received |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at
02/28/2017 |
$ | 219,000,000 | $ | 1,042,523 | ||||||
Options
Written |
(226,700,000 | ) | 953,077 | |||||||
Options
Expired |
232,000,000 | (957,633 | ) | |||||||
Options
Terminated in Closing Purchase Transactions |
212,900,000 | (386,817 | ) | |||||||
Balance at
08/31/2017 |
$ | 437,200,000 | $ | 651,150 |
Number of Contracts |
Premiums Received |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at
02/28/2017 |
445,200 | $ | 4,335,995 | |||||||
Options
Written |
(1,376,000 | ) | 13,221,415 | |||||||
Options
Expired |
756,300 | (6,075,933 | ) | |||||||
Options
Terminated in Closing Purchase Transactions |
723,000 | (8,043,122 | ) | |||||||
Balance at
08/31/2017 |
548,500 | $ | 3,438,355 |
Year or period |
Shares repurchased |
Net increase (decrease) in shares outstanding |
Shares repurchased, net of commissions |
Net increase (decrease) |
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ended |
# |
# |
($) |
($) |
||||||||||||
8/31/2017 |
— | — | — | — | ||||||||||||
2/28/2017 |
(471,504 | ) | (471,504 | ) | (3,250,793 | ) | (3,250,793 | ) |
NOTES TO FINANCIAL STATEMENTS AS OF AUGUST 31, 2017 (UNAUDITED) (CONTINUED)
NOTE 9 — FEDERAL INCOME TAXES (continued)
Tax Year Ended December 31, 2016 |
||
Ordinary Income |
Return of Capital |
|
$61,635,335 |
$25,866,051 |
Unrealized Appreciation/ (Depreciation) |
Short-term Capital Loss Carryforwards |
Expiration |
||
---|---|---|---|---|
$(76,098,255) |
$(258,500,016) | 2017 |
Gross Unrealized
Appreciation |
$ | 84,431,504 | ||||
Gross Unrealized
Depreciation |
(99,073,130 | ) | ||||
Net Unrealized
Depreciation |
$ | (14,641,626 | ) |
Per Share Amount |
Declaration Date |
Payable Date |
Record Date |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
$0.061 | 08-15-2017 | 09-15-2017 | 09-06-2017 | |||||||||
$0.061 | 09-15-2017 | 10-16-2017 | 10-04-2017 | |||||||||
$0.061 | 10-16-2017 | 11-15-2017 | 11-02-2017 |
Voya Global Equity Dividend and Premium Opportunity Fund |
SUMMARY PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited) |
Shares |
|
|
|
Value |
|
Percentage of Net Assets |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 93.3% |
|||||||||||||||||||
Belgium: 0.4% |
|||||||||||||||||||
69,400 |
Other Securities |
$ | 3,221,884 | 0.4 | |||||||||||||||
Canada: 2.4% |
|||||||||||||||||||
425,114 |
Shaw Communications, Inc. — Class B |
9,484,425 | 1.2 | ||||||||||||||||
138,128 |
Other Securities |
9,458,176 | 1.2 | ||||||||||||||||
18,942,601 | 2.4 | ||||||||||||||||||
France: 11.7% |
|||||||||||||||||||
204,393 |
BNP Paribas |
15,539,549 | 1.9 | ||||||||||||||||
164,794 |
Casino Guichard Perrachon S.A. |
9,366,745 | 1.2 | ||||||||||||||||
174,031 |
Cie de Saint-Gobain |
9,540,608 | 1.2 | ||||||||||||||||
773,190 |
Engie SA |
12,910,756 | 1.6 | ||||||||||||||||
102,397 |
Sanofi |
9,983,724 | 1.3 | ||||||||||||||||
260,500 |
Total S.A. |
13,516,630 | 1.7 | ||||||||||||||||
107,525 |
Vinci S.A. |
9,893,296 | 1.2 | ||||||||||||||||
579,994 |
Other Securities(a) |
12,468,977 | 1.6 | ||||||||||||||||
93,220,285 | 11.7 | ||||||||||||||||||
Germany: 1.2% |
|||||||||||||||||||
579,167 |
Deutsche Bank AG |
9,276,505 | 1.2 | ||||||||||||||||
Italy: 3.7% |
|||||||||||||||||||
738,561 |
Assicurazioni Generali S.p.A. |
13,248,201 | 1.7 | ||||||||||||||||
454,192 |
@ |
UniCredit SpA |
9,262,251 | 1.2 | |||||||||||||||
428,587 |
Other Securities |
6,731,400 | 0.8 | ||||||||||||||||
29,241,852 | 3.7 | ||||||||||||||||||
Japan: 8.2% |
|||||||||||||||||||
436,100 |
Itochu Corp. |
7,121,333 | 0.9 | ||||||||||||||||
1,937,800 |
Mitsubishi UFJ Financial Group, Inc. |
11,808,087 | 1.5 | ||||||||||||||||
46,400 |
Murata Manufacturing Co., Ltd. |
7,109,925 | 0.9 | ||||||||||||||||
968,800 |
Nissan Motor Co., Ltd. |
9,645,021 | 1.2 | ||||||||||||||||
334,400 |
Sumitomo Mitsui Financial Group, Inc. |
12,450,810 | 1.6 | ||||||||||||||||
741,600 |
Other Securities |
17,043,989 | 2.1 | ||||||||||||||||
65,179,165 | 8.2 | ||||||||||||||||||
Luxembourg: 0.9% |
|||||||||||||||||||
262,544 |
Other Securities(a) |
6,995,276 | 0.9 | ||||||||||||||||
Netherlands: 2.0% |
|||||||||||||||||||
589,367 |
Royal Dutch Shell PLC |
16,266,411 | 2.0 | ||||||||||||||||
Singapore: 1.3% |
|||||||||||||||||||
2,638,000 |
Other Securities |
10,497,134 | 1.3 | ||||||||||||||||
Spain: 1.9% |
|||||||||||||||||||
836,943 |
Telefonica S.A. |
9,029,505 | 1.1 | ||||||||||||||||
156,700 |
Other Securities |
5,931,657 | 0.8 | ||||||||||||||||
14,961,162 | 1.9 | ||||||||||||||||||
Sweden: 0.7% |
|||||||||||||||||||
992,200 |
Other Securities |
5,818,783 | 0.7 | ||||||||||||||||
COMMON STOCK: (continued) |
|||||||||||||||||||
Switzerland: 5.1% |
|||||||||||||||||||
121,587 |
Novartis AG |
$ | 10,250,654 | 1.3 | |||||||||||||||
36,681 |
Roche Holding AG |
9,319,571 | 1.2 | ||||||||||||||||
1,945,579 |
Other Securities |
20,579,781 | 2.6 | ||||||||||||||||
40,150,006 | 5.1 | ||||||||||||||||||
Taiwan: 0.9% |
|||||||||||||||||||
197,567 |
Taiwan Semiconductor Manufacturing Co., Ltd. ADR |
7,304,052 | 0.9 | ||||||||||||||||
United Kingdom: 8.2% |
|||||||||||||||||||
956,592 |
HSBC Holdings PLC |
9,273,857 | 1.2 | ||||||||||||||||
2,503,500 |
Kingfisher PLC |
9,673,531 | 1.2 | ||||||||||||||||
211,323 |
Rio Tinto PLC |
10,264,240 | 1.3 | ||||||||||||||||
4,437,054 |
Vodafone Group PLC |
12,697,483 | 1.6 | ||||||||||||||||
4,643,813 |
Other Securities |
23,048,598 | 2.9 | ||||||||||||||||
64,957,709 | 8.2 | ||||||||||||||||||
United States: 44.7% |
|||||||||||||||||||
200,200 |
Abbott Laboratories |
10,198,188 | 1.3 | ||||||||||||||||
95,611 |
AbbVie, Inc. |
7,199,508 | 0.9 | ||||||||||||||||
59,606 |
Amgen, Inc. |
10,596,159 | 1.3 | ||||||||||||||||
96,651 |
Apple, Inc. |
15,850,764 | 2.0 | ||||||||||||||||
159,538 |
Bristol-Myers Squibb Co. |
9,648,858 | 1.2 | ||||||||||||||||
400,039 |
Cisco Systems, Inc. |
12,885,256 | 1.6 | ||||||||||||||||
233,100 |
Citigroup, Inc. |
15,857,793 | 2.0 | ||||||||||||||||
286,600 |
ConocoPhillips |
12,512,956 | 1.6 | ||||||||||||||||
118,925 |
Eli Lilly & Co. |
9,667,413 | 1.2 | ||||||||||||||||
114,348 |
Exxon Mobil Corp. |
8,728,183 | 1.1 | ||||||||||||||||
405,450 |
Gap, Inc. |
9,576,729 | 1.2 | ||||||||||||||||
497,931 |
General Electric Co. |
12,224,206 | 1.5 | ||||||||||||||||
121,900 |
Gilead Sciences, Inc. |
10,204,249 | 1.3 | ||||||||||||||||
62,531 |
International Business Machines Corp. |
8,943,809 | 1.1 | ||||||||||||||||
587,744 |
Mattel, Inc. |
9,533,208 | 1.2 | ||||||||||||||||
62,175 |
McDonald’s Corp. |
9,946,135 | 1.3 | ||||||||||||||||
252,147 |
Metlife, Inc. |
11,808,044 | 1.5 | ||||||||||||||||
174,276 |
Microsoft Corp. |
13,030,616 | 1.6 | ||||||||||||||||
478,000 |
Mosaic Co. |
9,550,440 | 1.2 | ||||||||||||||||
247,200 |
Nielsen Holdings PLC |
9,603,720 | 1.2 | ||||||||||||||||
382,087 |
Pfizer, Inc. |
12,960,391 | 1.6 | ||||||||||||||||
73,304 |
PNC Financial Services Group, Inc. |
9,193,055 | 1.2 | ||||||||||||||||
109,182 |
Procter & Gamble Co. |
10,074,223 | 1.3 | ||||||||||||||||
183,000 |
Qualcomm, Inc. |
9,565,410 | 1.2 | ||||||||||||||||
125,700 |
Wal-Mart Stores, Inc. |
9,813,399 | 1.2 | ||||||||||||||||
1,899,908 |
Other Securities |
86,621,454 | 10.9 | ||||||||||||||||
355,794,166 | 44.7 | ||||||||||||||||||
Total
Common Stock (Cost $756,126,617) |
741,826,991 | 93.3 |
Voya Global Equity Dividend and Premium Opportunity Fund |
SUMMARY PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited)(continued) |
|
|
|
Value |
|
Percentage of Net Assets |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
PURCHASED OPTIONS(b): 0.1% |
|||||||||||||||||||
Total
Purchased Options (Cost $651,150) |
$ | 242,288 | 0.1 | ||||||||||||||||
Total
Long-Term Investments (Cost $756,777,767) |
742,069,279 | 93.4 |
Shares |
|
|
|
Value |
|
Percentage of Net Assets |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHORT-TERM INVESTMENTS: 5.6% |
|||||||||||||||||||
Mutual Funds: 5.6% |
|||||||||||||||||||
44,897,435 |
BlackRock Liquidity Funds, FedFund, Institutional Class, 0.910%†† (Cost $44,897,435) |
44,897,435 | 5.6 | ||||||||||||||||
Total
Short-Term Investments (Cost $44,897,435) |
44,897,435 | 5.6 | |||||||||||||||||
Total Investments in Securities (Cost $801,675,202) |
$ | 786,966,714 | 99.0 | ||||||||||||||||
Assets in Excess of Other Liabilities |
8,319,613 | 1.0 | |||||||||||||||||
Net Assets |
$ | 795,286,327 | 100.0 |
“Other Securities” represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of August 31, 2017.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
†† |
Rate shown is the 7-day yield as of August 31, 2017. | |
@ |
Non-income producing security. | |
ADR |
American Depositary Receipt | |
(a) |
The grouping contains non-income producing securities. | |
(b) |
The tables below the Portfolio of Investments detail open purchased options which are non-income producing securities. |
Sector Diversification |
Percentage of Net Assets |
|||||
---|---|---|---|---|---|---|
Financials |
19.2 | % | ||||
Health
Care |
14.2 | |||||
Information
Technology |
11.2 | |||||
Consumer
Discretionary |
10.5 | |||||
Industrials |
9.8 | |||||
Energy |
8.3 | |||||
Telecommunication Services |
5.9 | |||||
Consumer
Staples |
5.9 | |||||
Materials |
4.2 | |||||
Utilities |
4.1 | |||||
Purchased
Options |
0.1 | |||||
Short-Term
Investments |
5.6 | |||||
Assets in Excess
of Other Liabilities |
1.0 | |||||
Net
Assets |
100.0 | % |
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, 2017 |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset
Table |
|||||||||||||||||
Investments,
at fair value |
|||||||||||||||||
Common
Stock |
|||||||||||||||||
Belgium |
$ | — | $ | 3,221,884 | $ | — | $ | 3,221,884 | |||||||||
Canada |
18,942,601 | — | — | 18,942,601 | |||||||||||||
France |
— | 93,220,285 | — | 93,220,285 | |||||||||||||
Germany |
— | 9,276,505 | — | 9,276,505 | |||||||||||||
Italy |
— | 29,241,852 | — | 29,241,852 | |||||||||||||
Japan |
— | 65,179,165 | — | 65,179,165 | |||||||||||||
Luxembourg |
— | 6,995,276 | — | 6,995,276 | |||||||||||||
Netherlands |
— | 16,266,411 | — | 16,266,411 | |||||||||||||
Singapore |
— | 10,497,134 | — | 10,497,134 | |||||||||||||
Spain |
— | 14,961,162 | — | 14,961,162 | |||||||||||||
Sweden |
— | 5,818,783 | — | 5,818,783 | |||||||||||||
Switzerland |
— | 40,150,006 | — | 40,150,006 | |||||||||||||
Taiwan |
7,304,052 | — | — | 7,304,052 | |||||||||||||
United
Kingdom |
— | 64,957,709 | — | 64,957,709 | |||||||||||||
United
States |
355,794,166 | — | — | 355,794,166 | |||||||||||||
Total Common
Stock |
382,040,819 | 359,786,172 | — | 741,826,991 | |||||||||||||
Purchased
Options |
— | 242,288 | — | 242,288 | |||||||||||||
Short-Term
Investments |
44,897,435 | — | — | 44,897,435 | |||||||||||||
Total
Investments, at fair value |
$ | 426,938,254 | $ | 360,028,460 | $ | — | $ | 786,966,714 |
Voya Global Equity Dividend and Premium Opportunity Fund |
SUMMARY PORTFOLIO OF INVESTMENTS as of August 31, 2017 (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, 2017 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table (continued) | |||||||||||||||||
Other
Financial Instruments+ |
|||||||||||||||||
Futures |
$ | 178,604 | $ | — | $ | — | $ | 178,604 | |||||||||
Total
Assets |
$ | 427,116,858 | $ | 360,028,460 | $ | — | $ | 787,145,318 | |||||||||
Liabilities
Table |
|||||||||||||||||
Other
Financial Instruments+ |
|||||||||||||||||
Futures |
$ | (456,725 | ) | $ | — | $ | — | $ | (456,725 | ) | |||||||
Written
Options |
— | (3,376,417 | ) | — | (3,376,417 | ) | |||||||||||
Total
Liabilities |
$ | (456,725 | ) | $ | (3,376,417 | ) | $ | — | $ | (3,833,142 | ) |
ˆ |
See Note 2, “Significant Accounting Policies” in the Notes to Financial Statements for additional information. | |
+ |
Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument. | |
# |
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 Fund 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 Fund’s investments are categorized as Level 2 investments. |
Contract Description |
Number of Contracts |
Expiration Date |
Notional Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long
Contracts |
||||||||||||||||||
EURO
STOXX 50® Index |
612 | 09/15/17 | $ | 24,945,692 | $ | (71,929 | ) | |||||||||||
FTSE 100
Index |
306 | 09/15/17 | 29,409,380 | 178,604 | ||||||||||||||
Nikkei 225
Index |
342 | 09/07/17 | 30,634,875 | (348,712 | ) | |||||||||||||
$ | 84,989,947 | $ | (242,037 | ) | ||||||||||||||
Short
Contracts |
||||||||||||||||||
S&P 500
E-Mini |
(99 | ) | 09/15/17 | (12,226,500 | ) | (36,084 | ) | |||||||||||
$ | (12,226,500 | ) | $ | (36,084 | ) |
Description |
Counterparty |
Expiration Date |
Exercise Price |
Notional Amount |
Cost |
Fair Value |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Call USD vs. Put
EUR |
BNP Paribas Bank |
09/20/17 |
1.091 USD | 9,500,000 | $ | 38,000 | $ | 81 | |||||||
Call USD vs. Put
EUR |
BNP Paribas Bank |
10/20/17 |
1.127 USD | 17,500,000 | 87,500 | 10,641 | |||||||||
Call USD vs. Put
EUR |
BNP Paribas Bank |
11/20/17 |
1.147 USD | 12,500,000 | 60,000 | 37,535 | |||||||||
Call USD vs. Put
GBP |
BNP Paribas Bank |
09/20/17 |
1.223 USD | 26,000,000 | 140,400 | 1,848 | |||||||||
Call USD vs. Put
GBP |
BNP Paribas Bank |
10/20/17 |
1.255 USD | 10,000,000 | 32,000 | 24,046 | |||||||||
Call USD vs. Put
GBP |
Morgan Stanley & Co. International PLC |
11/20/17 |
1.248 USD | 20,000,000 | 104,000 | 74,761 | |||||||||
Call USD vs. Put
JPY |
BNP Paribas Bank |
09/20/17 |
114.750 USD | 16,500,000 | 74,250 | 2,871 | |||||||||
Call USD vs. Put
JPY |
BNP Paribas Bank |
10/20/17 |
115.500 USD | 10,000,000 | 50,000 | 7,610 | |||||||||
Call USD vs. Put
JPY |
Morgan Stanley & Co. International PLC |
11/20/17 |
112.440 USD | 13,000,000 | 65,000 | 82,895 | |||||||||
$ | 651,150 | $ | 242,288 |
Voya Global Equity Dividend and Premium Opportunity Fund |
SUMMARY PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited)(continued) |
Description |
Counterparty |
Expiration Date |
Exercise Price |
Notional Amount |
Premiums Received |
Fair Value |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Put USD vs. Call
EUR |
BNP Paribas Bank |
09/20/17 |
1.147 USD | 9,500,000 | $ | 38,000 | $ | (373,015 | ) | ||||||
Put USD vs. Call
EUR |
BNP Paribas Bank |
10/20/17 |
1.201 USD | 17,500,000 | 87,500 | (163,995 | ) | ||||||||
Put USD vs. Call
EUR |
BNP Paribas Bank |
11/20/17 |
1.224 USD | 12,500,000 | 60,000 | (80,336 | ) | ||||||||
Put USD vs. Call
GBP |
BNP Paribas Bank |
09/20/17 |
1.307 USD | 26,000,000 | 140,400 | (73,757 | ) | ||||||||
Put USD vs. Call
GBP |
BNP Paribas Bank |
10/20/17 |
1.338 USD | 10,000,000 | 32,000 | (17,613 | ) | ||||||||
Put USD vs. Call
GBP |
Morgan Stanley & Co. International PLC |
11/20/17 |
1.329 USD | 20,000,000 | 104,000 | (102,680 | ) | ||||||||
Put USD vs. Call
JPY |
BNP Paribas Bank |
09/20/17 |
106.700 USD | 16,500,000 | 74,250 | (19,189 | ) | ||||||||
Put USD vs. Call
JPY |
BNP Paribas Bank |
10/20/17 |
106.700 USD | 10,000,000 | 50,000 | (43,999 | ) | ||||||||
Put USD vs. Call
JPY |
Morgan Stanley & Co. International PLC |
11/20/17 |
103.030 USD | 13,000,000 | 65,000 | (34,636 | ) | ||||||||
$ | 651,150 | $ | (909,220 | ) |
Description |
Counterparty |
Put/Call |
Expiration Date |
Exercise Price |
Number of Contracts |
Notional Amount |
Premiums Received | Fair Value | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURO STOXX 50® Index |
Morgan Stanley & Co. International
PLC |
Call |
10/06/17 |
3,470.850 EUR |
3,200 | 10,948,704 | $ | 171,624 | $ | (118,260 | ) | ||||||||
EURO STOXX 50® Index |
Morgan Stanley & Co. International PLC |
Call |
09/15/17 |
3,541.800 EUR |
3,200 | 10,948,704 | 132,136 | (21,289 | ) | ||||||||||
EURO STOXX 50® Index |
Societe Generale |
Call |
09/01/17 |
3,519.290 EUR |
3,300 | 11,290,851 | 147,450 | (106 | ) | ||||||||||
FTSE 100 Index |
Morgan Stanley & Co. International PLC |
Call |
09/01/17 |
7,497.340 GBP |
2,100 | 15,604,302 | 158,928 | (3,915 | ) | ||||||||||
FTSE 100 Index |
Morgan Stanley & Co. International PLC |
Call |
09/15/17 |
7,514.640 GBP |
2,000 | 14,861,240 | 142,450 | (58,733 | ) | ||||||||||
FTSE 100 Index |
Societe Generale |
Call |
10/06/17 |
7,390.800 GBP |
2,100 | 15,604,302 | 199,647 | (293,290 | ) | ||||||||||
Nikkei 225 Index |
Morgan Stanley & Co. International PLC |
Call |
09/15/17 |
20,144.570 JPY |
73,600 | 1,445,963,264 | 112,787 | (30,346 | ) | ||||||||||
Nikkei 225 Index |
Morgan Stanley & Co. International PLC |
Call |
09/01/17 |
20,255.620 JPY |
74,000 | 1,453,821,760 | 117,630 | (41 | ) | ||||||||||
Nikkei 225 Index |
Societe Generale |
Call |
10/06/17 |
19,516.400 JPY |
73,400 | 1,442,034,016 | 170,893 | (203,559 | ) | ||||||||||
S&P 500 Index |
Morgan Stanley & Co. International PLC |
Call |
10/06/17 |
2,447.480 USD |
34,900 | 86,260,585 | 955,657 | (1,508,872 | ) | ||||||||||
S&P 500 Index |
Morgan Stanley & Co. International PLC |
Call |
09/01/17 |
2,479.590 USD |
35,000 | 86,507,750 | 599,550 | (28,414 | ) | ||||||||||
S&P 500 Index |
Societe Generale |
Call |
09/15/17 |
2,488.340 USD |
35,100 | 86,754,915 | 529,603 | (200,372 | ) | ||||||||||
$ | 3,438,355 | $ | (2,467,197 | ) |
Voya Global Equity Dividend and Premium Opportunity Fund |
SUMMARY PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited)(continued) |
Derivatives
not accounted for as hedging instruments |
Location on Statement of Assets and Liabilities |
Fair Value |
|||||
Asset
Derivatives |
|||||||
Foreign exchange
contracts |
Investments
in securities at value* |
$ | 242,288 | ||||
Equity
contracts |
Net Assets
— Unrealized appreciation** |
178,604 | |||||
Total Asset
Derivatives |
$ | 420,892 | |||||
Liability
Derivatives |
|||||||
Equity
contracts |
Net Assets
— Unrealized depreciation** |
$ | 456,725 | ||||
Equity
Contracts |
Written
options, at fair value |
2,467,197 | |||||
Foreign exchange
contracts |
Written
options, at fair value |
909,220 | |||||
Total Liability
Derivatives |
$ | 3,833,142 |
* |
Includes purchased options. | |
** |
Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Portfolio of Investments. |
Amount of Realized Gain
or (Loss) on Derivatives Recognized in Income |
||||||||||||||||||||||
Derivatives not accounted for as hedging instruments |
Investments* |
Forward foreign currency contracts |
Futures |
Written options |
Total |
|||||||||||||||||
Equity
contracts |
$ | — | $ | — | $ | 6,782,842 | $ | 441,899 | 7,224,741 | |||||||||||||
Foreign exchange
contracts |
33,415 | (18,841 | ) | — | 582,491 | 597,065 | ||||||||||||||||
Total |
$ | 33,415 | $ | (18,841 | ) | $ | 6,782,842 | $ | 1,024,390 | $ | 7,821,806 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments |
Investments* |
Futures |
Written options |
Total |
||||||||||||||
Equity
contracts |
$ | — | $ | (587,125 | ) | $ | 2,663,189 | $ | 2,076,064 | |||||||||
Foreign exchange
contracts |
214,612 | — | (474,079 | ) | (259,467 | ) | ||||||||||||
Total |
$ | 214,612 | $ | (587,125 | ) | $ | 2,189,110 | $ | 1,816,597 |
* |
Amounts recognized for purchased options are included in net realized gain (loss) on investments and net change in unrealized appreciation or depreciation on investments. |
BNP Paribas Bank |
Morgan Stanley & Co. International PLC |
Societe Generale |
Totals |
||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: |
|||||||||||||||||||
Purchased
options |
$ | 84,632 | $ | 157,656 | $ | — | $ | 242,288 | |||||||||||
Total
Assets |
$ | 84,632 | $ | 157,656 | $ | — | $ | 242,288 | |||||||||||
Liabilities: |
|||||||||||||||||||
Written
options |
$ | 771,904 | $ | 1,907,186 | $ | 697,327 | $ | 3,376,417 | |||||||||||
Total
Liabilities |
$ | 771,904 | $ | 1,907,186 | $ | 697,327 | $ | 3,376,417 | |||||||||||
Net OTC
derivative instruments by counterparty, at fair value |
$ | (687,272 | ) | $ | (1,749,530 | ) | $ | (697,327 | ) | $ | (3,134,129 | ) | |||||||
Total
collateral pledged by the Fund/(Received from counterparty) |
$ | 687,272 | $ | 1,270,000 | $ | 590,000 | $ | 2,547,272 | |||||||||||
Net
Exposure(1)(2) |
$ | — | $ | (479,530 | ) | $ | (107,327 | ) | $ | (586,857 | ) |
(1) |
At August 31, 2017, the Fund had pledged $830,000 in cash collateral to BNP Paribas Bank. Excess cash collateral is not shown for financial reporting purposes. | |
(2) |
Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Fund. Please refer to Note 2 for additional details regarding counterparty credit risk and credit related contingent features. |
Voya Global Equity Dividend and Premium Opportunity Fund |
SUMMARY PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited)(continued) |
Indices |
||||||
% of Total Net
Assets against which calls written |
50.01 | % | ||||
Average Days to
Expiration at time written |
44 days | |||||
Average Call
Moneyness* at time written |
OTM/ATM | |||||
Premiums received
for calls |
$ | 3,438,355 | ||||
Value of
calls |
$ | (2,467,197 | ) |
Currencies |
||||||
% of Total Net
Assets against which calls/puts written |
17.17 | % | ||||
Average Days to
Expiration at time written |
92 days | |||||
Average Call
Moneyness* at time written |
OTM | |||||
Premiums received
for calls |
$ | 651,150 | ||||
Value of
calls |
$ | (909,220 | ) |
Currency |
||||||
% of Total Net
Assets against which Currency calls/puts purchased |
17.17 | % | ||||
Average Days to
Expiration at time purchased |
92 days | |||||
Average Currency
Put Moneyness* at time purchased |
OTM | |||||
Premiums Paid for
puts |
$ | 651,150 | ||||
Value of
puts |
$ | (242,288 | ) |
* |
“Moneyness” is the term used to describe the relationship between the price of the underlying asset and the option’s exercise or strike price. For example, a call (buy) option is considered “in-the-money” when the value of the underlying asset exceeds the strike price. Conversely, a put (sell) option is considered “in-the-money” when its strike price exceeds the value of the underlying asset. Options are characterized for the purpose of Moneyness as, “in-the-money” (“ITM”), “out-of-the-money” (“OTM”) or “at-the-money” (“ATM”), where the underlying asset value equals the strike price. |
1 | At this meeting, a proposal was submitted to elect four members of the Board of Trustees to represent the interests of the holders of the Fund, with all four individuals to serve as Class III Trustees, for a term of three-years, and until the election and qualification of their successors. |
Proposal |
Shares voted for |
Shares voted against or withheld |
Shares abstained |
Broker non-vote |
Total Shares Voted |
||||||||||
Class
III Trustees |
Voya
Global Equity Dividend and Premium Opportunity Fund |
||||||||||||||
Martin J.
Gavin |
1* | 80,315,055.111 | 3,225,436.720 | 0.000 | 0.000 | 83,540,491.831 | |||||||||
Patrick W.
Kenny |
1* | 65,007,129.111 | 18,533,362.720 | 0.000 | 0.000 | 83,540,491.831 | |||||||||
Shaun P.
Mathews |
1* | 65,209,608.111 | 18,330,883.720 | 0.000 | 0.000 | 83,540,491.831 |
| ||||||||
Roger B.
Vincent |
1* | 80,259,717.111 | 3,280,774.720 | 0.000 | 0.000 | 83,540,491.831 |
* |
Proposal Passed |
Declaration Date |
Ex Date |
Record Date |
Payable Date |
||||||||||
17-Jan-17 | 1-Feb-17 | 3-Feb-17 | 15-Feb-17 | ||||||||||
15-Feb-17 | 1-Mar-17 | 3-Mar-17 | 15-Mar-17 | ||||||||||
15-Mar-17 | 3-Apr-17 | 5-Apr-17 | 17-Apr-17 | ||||||||||
17-Apr-17 | 1-May-17 | 3-May-17 | 15-May-17 | ||||||||||
15-May-17 | 1-Jun-17 | 5-Jun-17 | 15-Jun-17 | ||||||||||
15-Jun-17 | 3-Jul-17 | 6-Jul-17 | 17-Jul-17 | ||||||||||
17-Jul-17 | 1-Aug-17 | 3-Aug-17 | 15-Aug-17 | ||||||||||
15-Aug-17 | 1-Sep-17 | 6-Sep-17 | 15-Sep-17 | ||||||||||
15-Sep-17 | 3-Oct-17 | 4-Oct-17 | 16-Oct-17 | ||||||||||
16-Oct-17 | 1-Nov-17 | 2-Nov-17 | 15-Nov-17 | ||||||||||
15-Nov-17 | 1-Dec-17 | 4-Dec-17 | 15-Dec-17 | ||||||||||
15-Dec-17 | 28-Dec-17 | 29-Dec-17 | 16-Jan-18 |
Legal Counsel
Ropes & Gray LLP
Prudential
Tower
800 Boylston Street
Boston, Massachusetts 02199
RETIREMENT | INVESTMENTS | INSURANCE voyainvestments.com |
163319 (0817-102417) |
Item 2. Code of Ethics.
Not required for semi-annual filing.
Item 3. Audit Committee Financial Expert.
Not required for semi-annual filing.
Item 4. Principal Accountant Fees and Services.
Not required for semi-annual filing.
Item 5. Audit Committee of Listed Registrants.
Not required for semi-annual filing.
Item 6. Schedule of Investments.
Complete schedule of investments filed herein.
Voya Global Equity Dividend and Premium Opportunity Fund |
PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited) |
Shares | Value | Percentage
of Net Assets | ||||||||||||
COMMON STOCK: 93.3% | ||||||||||||||
Belgium: 0.4% | ||||||||||||||
69,400 | Ageas | 3,221,884 | 0.4 | |||||||||||
Canada: 2.4% | ||||||||||||||
73,547 | Canadian Imperial Bank of Commerce - XTSE | 6,178,832 | 0.8 | |||||||||||
425,114 | Shaw Communications, Inc. - Class B | 9,484,425 | 1.2 | |||||||||||
64,581 | TransCanada Corp. | 3,279,344 | 0.4 | |||||||||||
18,942,601 | 2.4 | |||||||||||||
France: 11.7% | ||||||||||||||
204,393 | BNP Paribas | 15,539,549 | 1.9 | |||||||||||
164,794 | Casino Guichard Perrachon S.A. | 9,366,745 | 1.2 | |||||||||||
174,031 | Cie de Saint-Gobain | 9,540,608 | 1.2 | |||||||||||
773,190 | Engie SA | 12,910,756 | 1.6 | |||||||||||
216,694 | @ | Eutelsat Communications | 6,300,648 | 0.8 | ||||||||||
363,300 | Orange SA | 6,168,329 | 0.8 | |||||||||||
102,397 | Sanofi | 9,983,724 | 1.3 | |||||||||||
260,500 | Total S.A. | 13,516,630 | 1.7 | |||||||||||
107,525 | Vinci S.A. | 9,893,296 | 1.2 | |||||||||||
93,220,285 | 11.7 | |||||||||||||
Germany: 1.2% | ||||||||||||||
579,167 | Deutsche Bank AG | 9,276,505 | 1.2 | |||||||||||
Italy: 3.7% | ||||||||||||||
738,561 | Assicurazioni Generali S.p.A. | 13,248,201 | 1.7 | |||||||||||
428,587 | ENI S.p.A. | 6,731,400 | 0.8 | |||||||||||
454,192 | @ | UniCredit SpA | 9,262,251 | 1.2 | ||||||||||
29,241,852 | 3.7 | |||||||||||||
Japan: 8.2% | ||||||||||||||
103,700 | Canon, Inc. | 3,634,866 | 0.4 | |||||||||||
436,100 | Itochu Corp. | 7,121,332 | 0.9 | |||||||||||
198,400 | Japan Airlines Co. Ltd. | 6,831,374 | 0.9 | |||||||||||
1,937,800 | Mitsubishi UFJ Financial Group, Inc. | 11,808,087 | 1.5 | |||||||||||
439,500 | Mitsui & Co., Ltd. | 6,577,750 | 0.8 | |||||||||||
46,400 | Murata Manufacturing Co., Ltd. | 7,109,925 | 0.9 | |||||||||||
968,800 | Nissan Motor Co., Ltd. | 9,645,021 | 1.2 | |||||||||||
334,400 | Sumitomo Mitsui Financial Group, Inc. | 12,450,810 | 1.6 | |||||||||||
65,179,165 | 8.2 | |||||||||||||
Luxembourg: 0.9% | ||||||||||||||
262,544 | @ | ArcelorMittal | 6,995,276 | 0.9 | ||||||||||
Netherlands: 2.0% | ||||||||||||||
589,367 | Royal Dutch Shell PLC | 16,266,411 | 2.0 | |||||||||||
Singapore: 1.3% | ||||||||||||||
2,418,800 | Singapore Telecommunications Ltd. | 6,610,157 | 0.8 | |||||||||||
219,200 | United Overseas Bank Ltd. | 3,886,977 | 0.5 | |||||||||||
10,497,134 | 1.3 | |||||||||||||
Spain: 1.9% | ||||||||||||||
156,700 | ACS Actividades de Construccion y Servicios S.A. | 5,931,657 | 0.8 | |||||||||||
836,943 | Telefonica S.A. | 9,029,505 | 1.1 | |||||||||||
14,961,162 | 1.9 | |||||||||||||
Sweden: 0.7% | ||||||||||||||
992,200 | Telefonaktiebolaget LM Ericsson | 5,818,783 | 0.7 | |||||||||||
Switzerland: 5.1% | ||||||||||||||
469,268 | Credit Suisse Group AG | 6,890,187 | 0.9 | |||||||||||
1,453,200 | Glencore PLC | 6,772,544 | 0.8 | |||||||||||
121,587 | Novartis AG | 10,250,654 | 1.3 | |||||||||||
36,681 | Roche Holding AG | 9,319,571 | 1.2 | |||||||||||
23,111 | Zurich Insurance Group AG | 6,917,050 | 0.9 | |||||||||||
40,150,006 | 5.1 | |||||||||||||
Taiwan: 0.9% | ||||||||||||||
197,567 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 7,304,052 | 0.9 | |||||||||||
United Kingdom: 8.2% | ||||||||||||||
2,330,813 | Barclays PLC | 5,764,282 | 0.7 | |||||||||||
956,592 | HSBC Holdings PLC | 9,273,857 | 1.2 | |||||||||||
134,413 | Imperial Brands PLC | 5,560,430 | 0.7 | |||||||||||
1,847,637 | J Sainsbury PLC | 5,624,310 | 0.7 | |||||||||||
2,503,500 | Kingfisher PLC | 9,673,531 | 1.2 | |||||||||||
211,323 | Rio Tinto PLC | 10,264,240 | 1.3 | |||||||||||
330,950 | SSE PLC | 6,099,576 | 0.8 | |||||||||||
4,437,054 | Vodafone Group PLC | 12,697,483 | 1.6 | |||||||||||
64,957,709 | 8.2 | |||||||||||||
United States: 44.7% | ||||||||||||||
200,200 | Abbott Laboratories | 10,198,188 | 1.3 | |||||||||||
95,611 | AbbVie, Inc. | 7,199,508 | 0.9 | |||||||||||
28,400 | Allergan plc | 6,517,232 | 0.8 | |||||||||||
95,100 | American Electric Power Co., Inc. | 7,002,213 | 0.9 | |||||||||||
59,606 | Amgen, Inc. | 10,596,159 | 1.3 | |||||||||||
96,651 | Apple, Inc. | 15,850,764 | 2.0 | |||||||||||
159,538 | Bristol-Myers Squibb Co. | 9,648,858 | 1.2 | |||||||||||
84,600 | Bunge Ltd. | 6,313,698 | 0.8 | |||||||||||
30,180 | Caterpillar, Inc. | 3,545,848 | 0.5 | |||||||||||
328,679 | CenturyLink, Inc. | 6,481,550 | 0.8 | |||||||||||
400,039 | Cisco Systems, Inc. | 12,885,256 | 1.6 | |||||||||||
233,100 | Citigroup, Inc. | 15,857,793 | 2.0 | |||||||||||
286,600 | ConocoPhillips | 12,512,956 | 1.6 | |||||||||||
118,925 | Eli Lilly & Co. | 9,667,413 | 1.2 | |||||||||||
99,895 | Eversource Energy | 6,293,385 | 0.8 | |||||||||||
114,348 | Exxon Mobil Corp. | 8,728,183 | 1.1 | |||||||||||
405,450 | Gap, Inc. | 9,576,729 | 1.2 | |||||||||||
497,931 | General Electric Co. | 12,224,206 | 1.5 | |||||||||||
121,900 | Gilead Sciences, Inc. | 10,204,249 | 1.3 | |||||||||||
263,700 | Hanesbrands, Inc. | 6,397,362 | 0.8 | |||||||||||
91,664 | Intel Corp. | 3,214,656 | 0.4 |
See Accompanying Notes to Financial Statements
Voya Global Equity Dividend and Premium Opportunity Fund |
PORTFOLIO OF INVESTMENTS as of August 31, 2017 (Unaudited) (Continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: (continued) | ||||||||||||||
United States: (continued) | ||||||||||||||
62,531 | International Business Machines Corp. | 8,943,809 | 1.1 | |||||||||||
97,900 | Las Vegas Sands Corp. | 6,090,359 | 0.8 | |||||||||||
303,157 | Macy's, Inc. | 6,296,571 | 0.8 | |||||||||||
587,744 | Mattel, Inc. | 9,533,208 | 1.2 | |||||||||||
62,175 | McDonald's Corp. | 9,946,135 | 1.3 | |||||||||||
101,100 | Merck & Co., Inc. | 6,456,246 | 0.8 | |||||||||||
252,147 | Metlife, Inc. | 11,808,044 | 1.5 | |||||||||||
174,276 | Microsoft Corp. | 13,030,617 | 1.6 | |||||||||||
478,000 | Mosaic Co. | 9,550,440 | 1.2 | |||||||||||
247,200 | Nielsen Holdings PLC | 9,603,720 | 1.2 | |||||||||||
382,087 | Pfizer, Inc. | 12,960,391 | 1.6 | |||||||||||
73,304 | PNC Financial Services Group, Inc. | 9,193,055 | 1.2 | |||||||||||
109,182 | Procter & Gamble Co. | 10,074,223 | 1.3 | |||||||||||
183,000 | Qualcomm, Inc. | 9,565,410 | 1.2 | |||||||||||
87,600 | Schlumberger Ltd. | 5,563,476 | 0.7 | |||||||||||
46,500 | Stanley Black & Decker, Inc. | 6,696,000 | 0.8 | |||||||||||
101,650 | Symantec Corp. | 3,047,467 | 0.4 | |||||||||||
139,783 | Verizon Communications, Inc. | 6,705,390 | 0.8 | |||||||||||
125,700 | Wal-Mart Stores, Inc. | 9,813,399 | 1.2 | |||||||||||
355,794,166 | 44.7 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $756,126,617) | 741,826,991 | 93.3 |
Value | Percentage of Net Assets | |||||||||||||
PURCHASED OPTIONS @,(a): 0.1%(a) | ||||||||||||||
Total Purchased Options | ||||||||||||||
(Cost $651,150) | 242,288 | 0.1 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $756,777,767) | 742,069,279 | 93.4 |
Shares | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 5.6% | ||||||||||||||
Mutual Funds: 5.6% | ||||||||||||||
44,897,435 | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.910%†† | |||||||||||||
(Cost $44,897,435) | 44,897,435 | 5.6 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $44,897,435) | 44,897,435 | 5.6 | ||||||||||||
Total Investments in Securities (Cost $801,675,202) | $ | 786,966,714 | 99.0 | |||||||||||
Assets in Excess of Other Liabilities | 8,319,613 | 1.0 | ||||||||||||
Net Assets | $ | 795,286,327 | 100.0 |
†† | Rate shown is the 7-day yield as of August 31, 2017. |
@ | Non-income producing security. |
ADR | American Depositary Receipt |
(a) | The tables below the Portfolio of Investments detail open purchased options which are non-income producing securities. |
See Accompanying Notes to Financial Statements
2 |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
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 is 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 Global Equity Dividend and Premium Opportunity Fund
By | /s/ Shaun P. Mathews | |
Shaun P. Mathews | ||
President and Chief Executive Officer |
Date: November 8, 2017
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 8, 2017
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 8, 2017