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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: 811-21786
Voya Global Advantage and Premium Opportunity
Fund (Formerly ING Global Advantage and Premium
Opportunity Fund)
(Exact name of registrant as specified in charter)
7337 E. Doubletree Ranch Rd., 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: | August 31, 2014 |
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 submitted for general information to
shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus
which includes details regarding the funds investment objectives, risks, charges, expenses and other information. This information should be read
carefully. |
INVESTMENT
MANAGEMENT voyainvestments.com |
VoyaTM Investment Management was formerly ING U.S. Investment Management |
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You will
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sent by mail. |
(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 Funds 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 Funds dividend reinvestment plan. |
Index | Description | |||||
---|---|---|---|---|---|---|
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 Long Term
U.S. Treasury Index |
The
Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have
$250 million or more of outstanding face value. |
|||||
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 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. |
|||||
S&P/Case-Shiller 20-City Composite Home Price Index |
A
composite index of the home price index for the top 20 Metropolitan Statistical Areas in the United States. The index is published monthly by Standard
& Poors. |
VOYA GLOBAL
ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
PORTFOLIO MANAGERS REPORT |
Geographic Diversification as of August 31, 2014 (as a percentage of net assets) |
|||||||
United
States |
56.3 | % | |||||
United
Kingdom |
8.0 | % | |||||
Switzerland |
7.1 | % | |||||
Japan |
6.7 | % | |||||
Germany |
4.3 | % | |||||
France |
3.5 | % | |||||
Brazil |
1.3 | % | |||||
Israel |
1.3 | % | |||||
Netherlands |
1.1 | % | |||||
Singapore |
1.0 | % | |||||
Countries
between 0.0%1.0%ˆ |
7.4 | % | |||||
Assets in
Excess of Other Liabilities |
2.0 | % | |||||
Net
Assets |
100.0 | % | |||||
ˆ Includes 13 countries, which each represents 0.0%1.0% of net assets.
Portfolio holdings are subject to change daily. |
| investing at least 80% of its managed assets in a portfolio of
common stocks of companies located in a number of different countries throughout the world, including the United States; and |
|
utilizing an integrated derivatives strategy. |
Top Ten Holdings as of August 31, 2014 (as a percentage of net assets) |
|||||||
Roche
Holding AG Genusschein |
2.0 | % | |||||
Wells
Fargo & Co. |
1.9 | % | |||||
Pfizer,
Inc. |
1.9 | % | |||||
Merck
& Co., Inc. |
1.9 | % | |||||
JPMorgan
Chase & Co. |
1.8 | % | |||||
Novartis
AG |
1.8 | % | |||||
Microsoft
Corp. |
1.8 | % | |||||
Citigroup, Inc. |
1.8 | % | |||||
Nestle
S.A. |
1.7 | % | |||||
General
Electric Co. |
1.6 | % | |||||
Portfolio holdings are subject to change daily. |
PORTFOLIO MANAGERS REPORT |
VOYA GLOBAL
ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
* |
Effective May 1, 2014, the Fund was renamed Voya Global Advantage and Premium Opportunity Fund. |
** |
Effective August 31, 2014, Edwin Cuppen was removed as a portfolio manager of the 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. |
ASSETS: |
||||||
Investments in
securities at fair value* |
$ | 236,116,023 | ||||
Cash |
5,562,287 | |||||
Cash collateral
for futures |
220,801 | |||||
Cash pledged as
collateral for OTC derivatives (Note 2) |
370,000 | |||||
Foreign
currencies at value** |
3,012 | |||||
Foreign cash
collateral for futures*** |
1,634,600 | |||||
Receivables: |
||||||
Investment
securities sold |
33,977 | |||||
Dividends |
541,257 | |||||
Foreign tax
reclaims |
355,666 | |||||
Unrealized
appreciation on forward foreign currency contracts |
130,711 | |||||
Prepaid
expenses |
589 | |||||
Other
assets |
5,493 | |||||
Total
assets |
244,974,416 | |||||
LIABILITIES: |
||||||
Payable for
investment securities purchased |
34,024 | |||||
Unrealized
depreciation on forward foreign currency contracts |
54,149 | |||||
Cash received as
collateral for OTC derivatives (Note 2) |
1,460,000 | |||||
Payable for
investment management fees |
151,111 | |||||
Payable for
administrative fees |
20,148 | |||||
Payable to
trustees under the deferred compensation plan (Note 6) |
5,493 | |||||
Payable for
trustee fees |
2,508 | |||||
Other accrued
expenses and liabilities |
134,026 | |||||
Written options,
at fair valueˆ |
2,239,543 | |||||
Total
liabilities |
4,101,002 | |||||
NET
ASSETS |
$ | 240,873,414 | ||||
NET ASSETS
WERE COMPRISED OF: |
||||||
Paid-in
capital |
$ | 202,525,840 | ||||
Undistributed
net investment income |
163,212 | |||||
Accumulated net
realized loss |
(7,463,470 | ) | ||||
Net unrealized
appreciation |
45,647,832 | |||||
NET
ASSETS |
$ | 240,873,414 | ||||
_____________ * Cost of investments in securities |
$ | 189,165,470 | ||||
** Cost of
foreign currencies |
$ | 3,012 | ||||
*** Cost of
foreign cash collateral for futures |
$ | 1,634,600 | ||||
ˆ Premiums
received on written options |
$ | 1,374,118 | ||||
Net
assets |
$ | 240,873,414 | ||||
Shares
authorized |
unlimited | |||||
Par
value |
$ | 0.010 | ||||
Shares
outstanding |
18,353,572 | |||||
Net asset
value |
$ | 13.12 |
INVESTMENT
INCOME: |
||||||
Dividends, net
of foreign taxes withheld* |
$ | 3,246,799 | ||||
Total
investment income |
3,246,799 | |||||
EXPENSES: |
||||||
Investment
management fees |
902,937 | |||||
Transfer agent
fees |
9,761 | |||||
Administrative
service fees |
120,391 | |||||
Shareholder
reporting expense |
19,400 | |||||
Professional
fees |
24,972 | |||||
Custody and
accounting expense |
29,876 | |||||
Trustee
fees |
3,370 | |||||
Miscellaneous
expense |
18,424 | |||||
Total
expenses |
1,129,131 | |||||
Net
recouped |
37,214 | |||||
Net
expenses |
1,166,345 | |||||
Net investment
income |
2,080,454 | |||||
REALIZED AND
UNREALIZED GAIN (LOSS): |
||||||
Net realized
gain (loss) on: |
||||||
Investments |
3,233,246 | |||||
Foreign
currency related transactions |
1,780,100 | |||||
Futures |
(629,989 | ) | ||||
Written
options |
(891,035 | ) | ||||
Net realized
gain |
3,492,322 | |||||
Net change in
unrealized appreciation (depreciation) on: |
||||||
Investments |
5,266,358 | |||||
Foreign
currency related transactions |
617,287 | |||||
Futures |
(374,997 | ) | ||||
Written
options |
(231,285 | ) | ||||
Net change in
unrealized appreciation (depreciation) |
5,277,363 | |||||
Net realized and
unrealized gain |
8,769,685 | |||||
Increase in
net assets resulting from operations |
$ | 10,850,139 | ||||
_____________ * Foreign taxes withheld |
$ | 192,953 |
Six Months Ended August 31, 2014 |
Year Ended February 28, 2014 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
FROM
OPERATIONS: |
||||||||||
Net investment
income |
$ | 2,080,454 | $ | 3,415,750 | ||||||
Net realized
gain (loss) |
3,492,322 | (8,021,785 | ) | |||||||
Net change in
unrealized appreciation |
5,277,363 | 28,256,656 | ||||||||
Increase in net
assets resulting from operations |
10,850,139 | 23,650,621 | ||||||||
FROM
DISTRIBUTIONS TO SHAREHOLDERS: |
||||||||||
Net investment
income |
(2,438,848 | ) | (4,998,362 | ) | ||||||
Return of
capital |
(7,839,152 | ) | (15,553,968 | ) | ||||||
Total
distributions |
(10,278,000 | ) | (20,552,330 | ) | ||||||
FROM CAPITAL
SHARE TRANSACTIONS: |
||||||||||
Reinvestment of
distributions |
| 168,572 | ||||||||
| 168,572 | |||||||||
Net increase in
net assets resulting from capital share transactions |
| 168,572 | ||||||||
Net increase in
net assets |
572,139 | 3,266,863 | ||||||||
NET
ASSETS: |
||||||||||
Beginning of
year or period |
240,301,275 | 237,034,412 | ||||||||
End of year or
period |
$ | 240,873,414 | $ | 240,301,275 | ||||||
Undistributed
net investment income at end of year or period |
$ | 163,212 | $ | 521,606 |
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 gain (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 |
|
Total investment return at net asset value (1) |
|
Total investment return at market value (2) |
|
Net assets, end of year or period (000s) |
|
Gross expenses prior to expense waiver/ recoupment (3) |
|
Net expenses after expense waiver/ recoupment (3)(4) |
|
Net investment income after expense waiver/ recoupment (3)(4) |
|
Portfolio turnover rate |
|
|||||||||||||||||||||||||||||||||||||||
Year or period ended |
|
|
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
($) |
|
(%) |
|
(%) |
|
($000s) |
|
(%) |
|
(%) |
|
(%) |
|
(%) |
|
|||||||||||||||||||||||||||||||||||||||
08-31-14 |
13.09 | 0.11 | | 0.48 | 0.59 | 0.13 | | 0.43 | 0.56 | 13.12 | 12.35 | 5.02 | 8.65 | 240,873 | 0.94 | 0.97 | 1.73 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-14 |
12.92 | 0.19 | 1.10 | 1.29 | 0.27 | | 0.85 | 1.12 | 13.09 | 11.91 | 10.94 | 3.14 | 240,301 | 0.99 | 1.00 | 1.43 | 11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-13 |
12.66 | 0.21 | 1.23 | 1.44 | 0.44 | 0.54 | 0.20 | 1.18 | 12.92 | 12.64 | 12.85 | 17.49 | 237,034 | 1.07 | 1.00 | 1.68 | 234 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
02-29-12 |
13.76 | 0.22 | | 0.00 | * | 0.22 | 1.32 | | | 1.32 | 12.66 | 11.90 | 2.43 | (3.44 | ) | 232,156 | 1.00 | 1.00 | 1.76 | 135 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-11 |
13.37 | 0.20 | 1.57 | 1.77 | 1.38 | | | 1.38 | 13.76 | 13.72 | 14.05 | 6.32 | 251,545 | 0.98 | 0.99 | | 1.48 | | 164 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-10 |
11.29 | 0.21 | | 3.64 | 3.85 | | | 1.77 | 1.77 | 13.37 | 14.30 | 35.81 | 57.38 | 242,426 | 1.01 | 1.00 | | 1.61 | | 141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
02-28-09 |
17.79 | 0.31 | | (4.95 | ) | (4.64 | ) | 0.74 | | 1.12 | 1.86 | 11.29 | 10.42 | (26.96 | ) | (28.32 | ) | 204,546 | 0.99 | 0.99 | | 2.01 | | 178 | ||||||||||||||||||||||||||||||||||||||||||||||||
02-29-08 |
21.19 | 0.30 | | (0.73 | ) | (0.43 | ) | | 2.40 | 0.57 | 2.97 | 17.79 | 16.73 | (2.40 | ) | (7.87 | ) | 324,275 | 0.97 | 0.97 | | 1.45 | | 194 | ||||||||||||||||||||||||||||||||||||||||||||||||
02-28-07 |
20.24 | 0.26 | 2.55 | 2.81 | 0.04 | 1.54 | 0.28 | 1.86 | 21.19 | 21.11 | 14.81 | 24.40 | 385,433 | 0.95 | 0.95 | 1.29 | 132 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
10-31-05(5)02-28-06 |
19.06 | (6) | 0.06 | | 1.28 | 1.34 | 0.16 | | | 0.16 | 20.24 | 18.61 | 7.08 | (6.17 | ) | 365,374 | 1.06 | 1.00 | 0.86 | 41 |
(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 Funds 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, leverage expenses and extraordinary expenses) subject to possible recoupment by the Investment Adviser within three years of being incurred. |
(5) |
Commencement of operations. |
(6) |
Net asset value at beginning of period reflects the deduction of the sales load of $0.90 per share and offering costs of $0.04 per share paid by the shareholder from the $20.00 offering price. |
|
Calculated using average number of shares outstanding throughout the period. |
* |
Amount is less than $0.005 or 0.005% or more than $(0.005) or (0.005)%. |
|
Impact of waiving the advisory fee for the ING Institutional Prime Money Market Fund holding has less than 0.005% impact on the expense ratio and net investment income or loss ratio. |
1. |
Market value of investment securities, other assets and liabilities at the exchange rates prevailing at the end of the day. |
2. |
Purchases and sales of investment securities, income and expenses at the rates of exchange prevailing on the respective dates of such transactions |
Number of Contracts |
Premiums Received |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|
Balance at
02/28/14 |
163,600 | $ | 2,923,915 | |||||||
Options
Written |
511,300 | 6,195,416 | ||||||||
Options
Expired |
(278,600 | ) | (2,893,212 | ) | ||||||
Options
Exercised |
| | ||||||||
Options
Terminated in Closing Purchase Transactions |
(273,100 | ) | (4,852,001 | ) | ||||||
Balance at
08/31/14 |
123,200 | $ | 1,374,118 |
Reinvestment of distributions |
Net increase in shares outstanding |
Reinvestment of distributions |
Net increase |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year or period ended |
# |
# |
($) |
($) |
||||||||||||||
8/31/2014 |
| | | | ||||||||||||||
2/28/2014 |
13,105 | 13,105 | 168,572 | 168,572 |
Tax Year Ended December 31, 2013 |
||||||||
---|---|---|---|---|---|---|---|---|
Ordinary Income |
Return of Capital |
|||||||
$4,998,362 |
$15,553,968 |
Post-October Capital Losses Deferred |
Unrealized Appreciation/ (Depreciation) |
Short-term Capital Loss Carryforwards |
Expiration |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$(1,923,827) |
$39,497,844 |
$(7,343,706) |
None |
Per Share Amount |
Declaration Date |
Payable Date |
Record Date |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$0.280 |
9/15/2014 |
10/15/2014 |
10/3/2014 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
SUMMARY PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2014 (UNAUDITED) |
Shares |
|
|
|
Value |
|
Percentage of Net Assets |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: 98.0% |
|||||||||||||||||||
Brazil: 1.3% |
|||||||||||||||||||
227,691 | Other Securities |
$ | 3,042,320 | 1.3 | |||||||||||||||
Canada: 0.6% |
|||||||||||||||||||
83,220 | Other Securities |
1,530,416 | 0.6 | ||||||||||||||||
China: 0.7% |
|||||||||||||||||||
1,221,000 | Other Securities |
1,695,177 | 0.7 | ||||||||||||||||
France: 3.5% |
|||||||||||||||||||
101,590 | AXA S.A. |
2,520,844 | 1.1 | ||||||||||||||||
48,618 | Total S.A. |
3,208,247 | 1.3 | ||||||||||||||||
47,073 | Other Securities |
2,604,787 | 1.1 | ||||||||||||||||
8,333,878 | 3.5 | ||||||||||||||||||
Germany: 4.3% |
|||||||||||||||||||
13,781 | Allianz AG |
2,353,443 | 1.0 | ||||||||||||||||
19,520 | Bayerische Motoren Werke AG |
2,278,140 | 0.9 | ||||||||||||||||
76,799 | Other Securities |
5,666,526 | 2.4 | ||||||||||||||||
10,298,109 | 4.3 | ||||||||||||||||||
Hong Kong: 1.0% |
|||||||||||||||||||
438,925 | AIA Group Ltd. |
2,393,537 | 1.0 | ||||||||||||||||
Israel: 1.3% |
|||||||||||||||||||
57,939 | Other Securities |
3,024,852 | 1.3 | ||||||||||||||||
Japan: 6.7% |
|||||||||||||||||||
5,900 | Keyence Corp. |
2,526,673 | 1.1 | ||||||||||||||||
446,300 | Mitsubishi UFJ Financial Group, Inc. |
2,572,312 | 1.1 | ||||||||||||||||
85,300 | Sumitomo Mitsui Financial Group, Inc. |
3,450,308 | 1.4 | ||||||||||||||||
59,400 | Toyota Motor Corp. |
3,389,305 | 1.4 | ||||||||||||||||
229,500 | Other Securities |
4,208,388 | 1.7 | ||||||||||||||||
16,146,986 | 6.7 | ||||||||||||||||||
Malaysia: 0.0% |
|||||||||||||||||||
100 | Other Securities |
320 | 0.0 | ||||||||||||||||
Mexico: 0.8% |
|||||||||||||||||||
124,501 | Other Securities |
1,992,706 | 0.8 | ||||||||||||||||
Netherlands: 1.1% |
|||||||||||||||||||
80,808 | Other Securities |
2,663,512 | 1.1 | ||||||||||||||||
Norway: 0.4% |
|||||||||||||||||||
57,438 | Other Securities |
955,454 | 0.4 | ||||||||||||||||
Peru: 0.3% |
|||||||||||||||||||
57,503 | Other Securities |
837,244 | 0.3 | ||||||||||||||||
Poland: 0.7% |
|||||||||||||||||||
11,024 | Other Securities |
1,616,460 | 0.7 | ||||||||||||||||
Russia: 0.5% |
|||||||||||||||||||
160,377 | Other Securities |
1,307,073 | 0.5 | ||||||||||||||||
Singapore: 1.0% |
|||||||||||||||||||
167,000 | DBS Group Holdings Ltd. |
2,393,877 | 1.0 | ||||||||||||||||
COMMON STOCK: (continued) |
|||||||||||||||||||
South Korea: 0.5% |
|||||||||||||||||||
1,080 | Other Securities |
$ | 1,314,999 | 0.5 | |||||||||||||||
Spain: 0.8% |
|||||||||||||||||||
128,022 | Other Securities |
2,031,052 | 0.8 | ||||||||||||||||
Switzerland: 7.1% |
|||||||||||||||||||
24,646 | Cie Financiere Richemont SA |
2,354,398 | 1.0 | ||||||||||||||||
52,070 | Nestle S.A. |
4,038,986 | 1.7 | ||||||||||||||||
47,722 | Novartis AG |
4,287,653 | 1.8 | ||||||||||||||||
16,429 | Roche Holding AG Genusschein |
4,798,220 | 2.0 | ||||||||||||||||
263,433 | Other Securities |
1,586,238 | 0.6 | ||||||||||||||||
17,065,495 | 7.1 | ||||||||||||||||||
Taiwan: 0.7% |
|||||||||||||||||||
75,207 | Other Securities |
1,574,835 | 0.7 | ||||||||||||||||
Turkey: 0.4% |
|||||||||||||||||||
228,054 | Other Securities |
869,412 | 0.4 | ||||||||||||||||
United Kingdom: 8.0% |
|||||||||||||||||||
355,381 | BP PLC |
2,834,873 | 1.2 | ||||||||||||||||
266,995 | HSBC Holdings PLC |
2,885,977 | 1.2 | ||||||||||||||||
137,584 | Prudential PLC |
3,316,439 | 1.3 | ||||||||||||||||
63,562 | Rio Tinto PLC |
3,398,645 | 1.4 | ||||||||||||||||
114,559 | WPP PLC |
2,404,112 | 1.0 | ||||||||||||||||
513,744 | Other Securities |
4,539,224 | 1.9 | ||||||||||||||||
19,379,270 | 8.0 | ||||||||||||||||||
United States: 56.3% |
|||||||||||||||||||
31,462 | @ |
Adobe Systems, Inc. |
2,262,118 | 0.9 | |||||||||||||||
62,133 | Altria Group, Inc. |
2,676,690 | 1.1 | ||||||||||||||||
140,398 | Bank of America Corp. |
2,259,004 | 0.9 | ||||||||||||||||
87,123 | Blackstone Group LP |
2,921,234 | 1.2 | ||||||||||||||||
23,100 | Celgene Corp. |
2,194,962 | 0.9 | ||||||||||||||||
120,271 | Cisco Systems, Inc. |
3,005,572 | 1.3 | ||||||||||||||||
81,496 | Citigroup, Inc. |
4,209,269 | 1.8 | ||||||||||||||||
46,915 | CVS Caremark Corp. |
3,727,397 | 1.6 | ||||||||||||||||
88,201 | EMC Corp. |
2,604,576 | 1.1 | ||||||||||||||||
77,389 | Freeport-McMoRan, Inc. |
2,814,638 | 1.2 | ||||||||||||||||
152,482 | General Electric Co. |
3,961,482 | 1.6 | ||||||||||||||||
18,919 | Goldman Sachs Group, Inc. |
3,388,582 | 1.4 | ||||||||||||||||
4,347 | Google, Inc. |
2,484,745 | 1.0 | ||||||||||||||||
4,256 | Google, Inc. Class A |
2,478,524 | 1.0 | ||||||||||||||||
36,860 | Halliburton Co. |
2,492,105 | 1.0 | ||||||||||||||||
22,992 | Hess Corp. |
2,324,491 | 1.0 | ||||||||||||||||
23,723 | Honeywell International, Inc. |
2,259,141 | 0.9 | ||||||||||||||||
73,508 | JPMorgan Chase & Co. |
4,370,051 | 1.8 | ||||||||||||||||
74,089 | Merck & Co., Inc. |
4,453,490 | 1.9 | ||||||||||||||||
44,761 | Metlife, Inc. |
2,450,217 | 1.0 | ||||||||||||||||
93,942 | Microsoft Corp. |
4,267,785 | 1.8 | ||||||||||||||||
73,667 | @ |
Mylan Laboratories |
3,580,216 | 1.5 | |||||||||||||||
34,815 | Nike, Inc. |
2,734,718 | 1.1 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
SUMMARY PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2014 (UNAUDITED) (CONTINUED) |
Shares |
|
|
|
Value |
|
Percentage of Net Assets | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMMON STOCK: (continued) |
|||||||||||||||||||
United States: (continued) |
|||||||||||||||||||
28,352 | Occidental Petroleum Corp. |
$ | 2,940,953 | 1.2 | |||||||||||||||
87,312 | Oracle Corp. |
3,626,067 | 1.5 | ||||||||||||||||
154,770 | Pfizer, Inc. |
4,548,690 | 1.9 | ||||||||||||||||
40,418 | Procter & Gamble Co. |
3,359,140 | 1.4 | ||||||||||||||||
32,744 | Qualcomm, Inc. |
2,491,818 | 1.0 | ||||||||||||||||
31,851 | UnitedHealth Group, Inc. |
2,760,845 | 1.2 | ||||||||||||||||
36,361 | Walt Disney Co. |
3,268,127 | 1.4 | ||||||||||||||||
97,257 | @ |
Weatherford International PLC |
2,304,018 | 1.0 | |||||||||||||||
91,060 | Wells Fargo & Co. |
4,684,126 | 1.9 | ||||||||||||||||
683,659 | Other Securities |
35,744,248 | 14.8 | ||||||||||||||||
135,649,039 | 56.3 | ||||||||||||||||||
Total Common Stock (Cost $189,165,470) |
236,116,023 | 98.0 | |||||||||||||||||
Assets in Excess of Other Liabilities |
4,757,391 | 2.0 | |||||||||||||||||
Net Assets |
$ | 240,873,414 | 100.0 |
@ |
Non-income producing security |
Cost for federal income tax purposes is $189,528,350. |
Net unrealized
appreciation consists of: |
||||||
Gross
Unrealized Appreciation |
$ | 52,007,800 | ||||
Gross
Unrealized Depreciation |
(5,420,127 | ) | ||||
Net Unrealized
Appreciation |
$ | 46,587,673 |
Sector Diversification |
Percentage of Net Assets |
|||||
---|---|---|---|---|---|---|
Financials |
23.9 | % | ||||
Information
Technology |
15.5 | |||||
Health
Care |
12.6 | |||||
Consumer
Discretionary |
10.7 | |||||
Energy |
9.4 | |||||
Consumer
Staples |
7.9 | |||||
Industrials |
7.8 | |||||
Materials |
6.3 | |||||
Utilities |
2.3 | |||||
Telecommunication Services |
1.6 | |||||
Assets in Excess
of Other Liabilities |
2.0 | |||||
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, 2014 |
|||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset
Table |
||||||||||||||||||
Investments,
at fair value |
||||||||||||||||||
Common
Stock |
||||||||||||||||||
Brazil |
$ | 3,042,320 | $ | | $ | | $ | 3,042,320 | ||||||||||
Canada |
1,530,416 | | | 1,530,416 | ||||||||||||||
China |
| 1,695,177 | | 1,695,177 | ||||||||||||||
France |
639,251 | 7,694,627 | | 8,333,878 | ||||||||||||||
Germany |
| 10,298,109 | | 10,298,109 | ||||||||||||||
Hong
Kong |
| 2,393,537 | | 2,393,537 | ||||||||||||||
Israel |
3,024,852 | | | 3,024,852 | ||||||||||||||
Japan |
| 16,146,986 | | 16,146,986 | ||||||||||||||
Malaysia |
| 320 | | 320 | ||||||||||||||
Mexico |
1,992,706 | | | 1,992,706 | ||||||||||||||
Netherlands |
| 2,663,512 | | 2,663,512 | ||||||||||||||
Norway |
955,454 | | | 955,454 | ||||||||||||||
Peru |
837,244 | | | 837,244 | ||||||||||||||
Poland |
| 1,616,460 | | 1,616,460 | ||||||||||||||
Russia |
1,307,073 | | | 1,307,073 | ||||||||||||||
Singapore |
| 2,393,877 | | 2,393,877 | ||||||||||||||
South
Korea |
| 1,314,999 | | 1,314,999 | ||||||||||||||
Spain |
| 2,031,052 | | 2,031,052 | ||||||||||||||
Switzerland |
| 17,065,495 | | 17,065,495 | ||||||||||||||
Taiwan |
1,574,835 | | | 1,574,835 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
SUMMARY PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2014 (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, 2014 | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Table
(continued) |
||||||||||||||||||
Turkey |
$ | | $ | 869,412 | $ | | $ | 869,412 | ||||||||||
United
Kingdom |
| 19,379,270 | | 19,379,270 | ||||||||||||||
United
States |
135,610,594 | 38,445 | | 135,649,039 | ||||||||||||||
Total Common
Stock |
150,514,745 | 85,601,278 | | 236,116,023 | ||||||||||||||
Total
Investments, at fair value |
$ | 150,514,745 | $ | 85,601,278 | $ | | $ | 236,116,023 | ||||||||||
Other
Financial Instruments+ |
||||||||||||||||||
Forward Foreign
Currency Contracts |
| 130,711 | | 130,711 | ||||||||||||||
Futures |
4,565 | | | 4,565 | ||||||||||||||
Total
Assets |
$ | 150,519,310 | $ | 85,731,989 | $ | | $ | 236,251,299 | ||||||||||
Liabilities
Table |
||||||||||||||||||
Other
Financial Instruments+ |
||||||||||||||||||
Forward Foreign
Currency Contracts |
$ | | $ | (54,149 | ) | $ | | $ | (54,149 | ) | ||||||||
Futures |
(507,624 | ) | | | (507,624 | ) | ||||||||||||
Written
Options |
| (2,239,543 | ) | | (2,239,543 | ) | ||||||||||||
Total
Liabilities |
$ | (507,624 | ) | $ | (2,293,692 | ) | $ | | $ | (2,801,316 | ) |
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 Funds investments are categorized as Level 2 investments. |
Counterparty |
Currency |
Contract Amount |
Buy/Sell |
Settlement Date |
In Exchange For |
Fair Value |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barclays Bank
PLC |
Japanese
Yen |
1,667,341,526 |
Sell |
09/30/14 |
$ | 16,044,974 | $ | 16,028,668 | $ | 16,306 | ||||||||||||||||||||
Royal Bank of
Scotland Group PLC |
British
Pound |
12,962,263 |
Sell |
09/30/14 |
21,460,647 | 21,514,796 | (54,149 | ) | ||||||||||||||||||||||
Royal Bank of
Scotland Group PLC |
EU
Euro |
17,546,382 |
Sell |
09/30/14 |
23,132,922 | 23,058,582 | 74,340 | |||||||||||||||||||||||
Royal Bank of
Scotland Group PLC |
Swiss
Franc |
14,207,823 |
Sell |
09/30/14 |
15,517,449 | 15,479,551 | 37,898 | |||||||||||||||||||||||
BNP Paribas
Bank |
Israeli New
Shekel |
10,362,694 |
Sell |
09/30/14 |
2,901,297 | 2,899,629 | 1,668 | |||||||||||||||||||||||
Royal Bank of
Scotland Group PLC |
Japanese
Yen |
16,700,120 |
Sell |
09/30/14 |
160,705 | 160,544 | 161 | |||||||||||||||||||||||
Royal Bank of
Scotland Group PLC |
Japanese
Yen |
11,253,081 |
Sell |
09/30/14 |
108,471 | 108,179 | 292 | |||||||||||||||||||||||
BNP Paribas
Bank |
Japanese
Yen |
3,535,000 |
Sell |
09/30/14 |
34,029 | 33,983 | 46 | |||||||||||||||||||||||
$ | 76,562 |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
SUMMARY PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2014 (UNAUDITED) (CONTINUED) |
Contract Description |
Number of Contracts |
Expiration Date |
Notional Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long
Contracts |
||||||||||||||||||
Nikkei 225
Index |
101 | 09/11/14 | $ | 7,481,931 | $ | (81,721 | ) | |||||||||||
S&P 500
E-Mini |
12 | 09/19/14 | 1,200,840 | 4,565 | ||||||||||||||
$ | 8,682,771 | $ | (77,156 | ) | ||||||||||||||
Short
Contracts |
||||||||||||||||||
Euro STOXX
50® |
(104 | ) | 09/19/14 | (4,325,020 | ) | (174,130 | ) | |||||||||||
FTSE 100
Index |
(79 | ) | 09/19/14 | (8,920,222 | ) | (251,773 | ) | |||||||||||
$ | (13,245,242 | ) | $ | (425,903 | ) |
Number of Contracts |
Counterparty |
Description |
Exercise Price |
Expiration Date |
Premiums Received |
Fair Value |
||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Options on Indices | ||||||||||||||||||||||||||
1,400 |
BNP Paribas Bank |
Call on Euro Stoxx 50® Index |
3,189.760 EUR |
09/05/14 | $ | 90,430 | $ | (37,629 | ) | |||||||||||||||||
1,400 |
Citigroup, Inc. |
Call on Euro Stoxx 50® Index |
3,122.070 EUR |
10/03/14 | 84,399 | (166,409 | ) | |||||||||||||||||||
1,400 |
Citigroup, Inc. |
Call on Euro Stoxx 50® Index |
3,126.160 EUR |
09/19/14 | 93,544 | (139,671 | ) | |||||||||||||||||||
600 |
Barclays Bank PLC |
Call on FTSE 100 Index |
6,676.870 GBP |
09/19/14 | 88,989 | (157,912 | ) | |||||||||||||||||||
700 |
Barclays Bank PLC |
Call on FTSE 100 Index |
6,775.380 GBP |
10/03/14 | 69,819 | (119,089 | ) | |||||||||||||||||||
600 |
BNP Paribas Bank |
Call on FTSE 100 Index |
6,713.400 GBP |
09/05/14 | 67,435 | (112,490 | ) | |||||||||||||||||||
27,400 |
Barclays Bank PLC |
Call on Nikkei 225 Index |
15,486.375 JPY |
09/05/14 | 50,708 | (20,566 | ) | |||||||||||||||||||
28,200 |
Citigroup, Inc. |
Call on Nikkei 225 Index |
15,488.350 JPY |
10/03/14 | 66,768 | (54,456 | ) | |||||||||||||||||||
27,600 |
Citigroup, Inc. |
Call on Nikkei 225 Index |
15,789.060 JPY |
09/19/14 | 66,074 | (15,756 | ) | |||||||||||||||||||
11,300 |
Barclays Bank PLC |
Call on S&P 500 Index |
1,975.730 USD |
10/03/14 | 221,113 | (468,603 | ) | |||||||||||||||||||
11,300 |
Citigroup, Inc. |
Call on S&P 500 Index |
1,943.494 USD |
09/19/14 | 279,801 | (705,139 | ) | |||||||||||||||||||
11,300 |
Citigroup, Inc. |
Call on S&P 500 Index |
1,984.770 USD |
09/05/14 | 195,038 | (241,823 | ) | |||||||||||||||||||
Total Written OTC
Options |
$ | 1,374,118 | $ | (2,239,543 | ) |
Derivatives not accounted for as hedging instruments |
Location on Statement of Assets and Liabilities |
Fair Value |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
Asset
Derivatives |
||||||||||
Foreign exchange
contracts |
Unrealized appreciation on forward foreign currency contracts |
$ | 130,711 | |||||||
Equity
contracts |
Net Assets Unrealized appreciation* |
4,565 | ||||||||
Total Asset
Derivatives |
$ | 135,276 | ||||||||
Liability
Derivatives |
||||||||||
Foreign exchange
contracts |
Unrealized depreciation on forward foreign currency contracts |
$ | 54,149 | |||||||
Equity
contracts |
Net Assets Unrealized depreciation* |
507,624 | ||||||||
Equity
contracts |
Written options, at fair value |
2,239,543 | ||||||||
Total Liability
Derivatives |
$ | 2,801,316 |
* |
Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Summary Portfolio of Investments. |
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND |
SUMMARY PORTFOLIO OF INVESTMENTS AS OF AUGUST 31, 2014 (UNAUDITED) (CONTINUED) |
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income |
|||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments |
Foreign currency related transactions* |
Futures |
Written options |
Total |
|||||||||||||||
Equity
contracts |
$ | | $ | (629,989 | ) | $ | (891,035 | ) | $ | (1,521,024 | ) | ||||||||
Foreign exchange
contracts |
1,794,102 | | | 1,794,102 | |||||||||||||||
Total |
$ | 1,794,102 | $ | (629,989 | ) | $ | (891,035 | ) | $ | 273,078 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income |
|||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives not accounted for as hedging instruments |
Foreign currency related transactions* |
Futures |
Written options |
Total |
|||||||||||||||
Equity
contracts |
$ | | $ | (374,997 | ) | $ | (231,285 | ) | $ | (606,282 | ) | ||||||||
Foreign exchange
contracts |
639,221 | | | 639,221 | |||||||||||||||
Total |
$ | 639,221 | $ | (374,997 | ) | $ | (231,285 | ) | $ | 32,939 |
* |
Amounts recognized for forward foreign currency contracts are included in net realized gain (loss) on foreign currency related transactions and net change in unrealized appreciation or depreciation on foreign currency related transactions. |
Barclays Bank PLC |
BNP Paribas Bank |
Citigroup, Inc. |
Royal Bank of Scotland Group PLC |
Totals |
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: |
||||||||||||||||||||||
Forward foreign
currency contracts |
$ | 16,306 | $ | 1,714 | $ | | $ | 112,691 | $ | 130,711 | ||||||||||||
Total
Assets |
$ | 16,306 | $ | 1,714 | $ | | $ | 112,691 | $ | 18,020 | ||||||||||||
Liabilities: |
||||||||||||||||||||||
Forward foreign
currency contracts |
$ | | $ | | $ | | $ | 54,149 | $ | 54,149 | ||||||||||||
Written
options |
766,170 | 150,119 | 1,323,254 | | 2,239,543 | |||||||||||||||||
Total
Liabilities |
$ | 766,170 | $ | 150,119 | $ | 1,323,254 | $ | 54,149 | $ | 2,293,692 | ||||||||||||
Net OTC
derivative instruments by counterparty, at fair value |
$ | (749,864 | ) | $ | (148,405 | ) | $ | (1,323,254 | ) | $ | 58,542 | $ | (2,162,981 | ) | ||||||||
Total
collateral pledged by the Fund/(Received from counterparty) |
$ | 370,000 | $ | | $ | | $ | (1,460,000 | ) | $ | (1,090,000 | ) | ||||||||||
Net
Exposure(1) |
$ | (379,864 | ) | $ | (148,405 | ) | $ | (1,323,254 | ) | $ | (1,401,458 | ) | $ | (3,252,981 | ) |
(1) |
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. |
Supplemental Call
Option Statistics as of August 31, 2014: |
||||||
% of Total Net
Assets against which calls written |
49.62 | % | ||||
Average Days to
Expiration at time written |
49 days | |||||
Average Call
Moneyness* at time written |
ATM | |||||
Premium received
for calls |
$ | 1,374,118 | ||||
Value of
calls |
$ | (2,239,543 | ) |
* |
Moneyness is the term used to describe the relationship between the price of the underlying asset and the options 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 |
To elect four nominees to the Board of Trustees of each Fund. |
Proposal |
Shares voted for |
Shares voted against or withheld |
Shares abstained |
Broker non-vote |
Total Shares Voted |
|||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Voya
Global Advantage and Premium Opportunity Fund |
||||||||||||||||||||||||||
J. Michael
Earley |
1* |
15,055,284.000 | 974,274.000 | 0.000 | 0.000 | 16,029,558.000 | ||||||||||||||||||||
Patrick W.
Kenny |
1* |
15,034,073.000 | 995,485.000 | 0.000 | 0.000 | 16,029,558.000 | ||||||||||||||||||||
Roger B.
Vincent |
1* |
15,052,176.000 | 977,382.000 | 0.000 | 0.000 | 16,029,558.000 | ||||||||||||||||||||
Shaun P.
Mathews |
1* |
12,527,221.000 | 3,502,337.000 | 0.000 | 0.000 | 16,029,558.000 |
* |
Proposal Passed |
Declaration Date |
Ex Date |
Payable Date |
||||||||
---|---|---|---|---|---|---|---|---|---|---|
March 17, 2014 | April 1, 2014 | April 15, 2014 | ||||||||
June 16, 2014 | July 1, 2014 | July 15, 2014 | ||||||||
September 15, 2014 | October 1, 2014 | October 15, 2014 | ||||||||
December 15, 2014 | December 29, 2014 | January 15, 2015 |
RETIREMENT | INVESTMENTS | INSURANCE voyainvestments.com |
SAR-UIGA (0814-102414) |
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.
Voya Global Advantage and Premium Opportunity Fund |
PORTFOLIO OF INVESTMENTS as of August 31, 2014 (Unaudited) |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 98.0% | ||||||||||||||
Brazil: 1.3% | ||||||||||||||
72,927 | Banco do Brasil S.A. | 1,132,429 | 0.5 | |||||||||||
66,163 | Petroleo Brasileiro SA ADR | 1,294,810 | 0.5 | |||||||||||
88,601 | Sul America SA | 615,081 | 0.3 | |||||||||||
3,042,320 | 1.3 | |||||||||||||
Canada: 0.6% | ||||||||||||||
83,220 | Barrick Gold Corp. | 1,530,416 | 0.6 | |||||||||||
China: 0.7% | ||||||||||||||
1,062,000 | Bank of China Ltd. | 493,059 | 0.2 | |||||||||||
102,000 | China Resources Enterprise | 274,393 | 0.1 | |||||||||||
57,000 | Tencent Holdings Ltd. | 927,725 | 0.4 | |||||||||||
1,695,177 | 0.7 | |||||||||||||
France: 3.5% | ||||||||||||||
101,590 | AXA S.A. | 2,520,844 | 1.1 | |||||||||||
17,024 | @ | Criteo SA ADR | 639,251 | 0.3 | ||||||||||
48,618 | Total S.A. | 3,208,247 | 1.3 | |||||||||||
30,049 | Vinci S.A. | 1,965,536 | 0.8 | |||||||||||
8,333,878 | 3.5 | |||||||||||||
Germany: 4.3% | ||||||||||||||
13,781 | Allianz AG | 2,353,443 | 1.0 | |||||||||||
19,520 | Bayerische Motoren Werke AG | 2,278,140 | 1.0 | |||||||||||
50,710 | Deutsche Bank AG | 1,738,659 | 0.7 | |||||||||||
9,027 | Linde AG | 1,788,946 | 0.7 | |||||||||||
17,062 | Siemens AG | 2,138,921 | 0.9 | |||||||||||
10,298,109 | 4.3 | |||||||||||||
Hong Kong: 1.0% | ||||||||||||||
438,925 | AIA Group Ltd. | 2,393,537 | 1.0 | |||||||||||
Israel: 1.3% | ||||||||||||||
23,457 | @ | Check Point Software Technologies | 1,665,916 | 0.7 | ||||||||||
34,482 | Nice Systems Ltd. ADR | 1,358,936 | 0.6 | |||||||||||
3,024,852 | 1.3 | |||||||||||||
Japan: 6.7% | ||||||||||||||
169,700 | Itochu Corp. | 2,159,427 | 0.9 | |||||||||||
59,800 | Japan Tobacco, Inc. | 2,048,961 | 0.9 | |||||||||||
5,900 | Keyence Corp. | 2,526,673 | 1.0 | |||||||||||
446,300 | Mitsubishi UFJ Financial Group, Inc. | 2,572,312 | 1.1 | |||||||||||
85,300 | Sumitomo Mitsui Financial Group, Inc. | 3,450,308 | 1.4 | |||||||||||
59,400 | Toyota Motor Corp. | 3,389,305 | 1.4 | |||||||||||
16,146,986 | 6.7 | |||||||||||||
Malaysia: 0.0% | ||||||||||||||
100 | Malayan Banking BHD | 320 | 0.0 | |||||||||||
Mexico: 0.8% | ||||||||||||||
12,408 | Fomento Economico Mexicano SAB de CV ADR | 1,202,459 | 0.5 |
112,093 | Grupo Financiero Banorte | 790,247 | 0.3 | |||||||||||
1,992,706 | 0.8 | |||||||||||||
Netherlands: 1.1% | ||||||||||||||
21,179 | Airbus Group NV | 1,303,215 | 0.5 | |||||||||||
59,629 | Reed Elsevier NV | 1,360,297 | 0.6 | |||||||||||
2,663,512 | 1.1 | |||||||||||||
Norway: 0.4% | ||||||||||||||
57,438 | Subsea 7 SA | 955,454 | 0.4 | |||||||||||
Peru: 0.3% | ||||||||||||||
57,503 | Cia de Minas Buenaventura SAA ADR | 837,244 | 0.3 | |||||||||||
Poland: 0.7% | ||||||||||||||
11,024 | Powszechny Zaklad Ubezpieczen SA | 1,616,460 | 0.7 | |||||||||||
Russia: 0.5% | ||||||||||||||
160,377 | @ | Sberbank of Russia ADR | 1,307,073 | 0.5 | ||||||||||
Singapore: 1.0% | ||||||||||||||
167,000 | DBS Group Holdings Ltd. | 2,393,877 | 1.0 | |||||||||||
South Korea: 0.5% | ||||||||||||||
1,080 | Samsung Electronics Co., Ltd. | 1,314,999 | 0.5 | |||||||||||
Spain: 0.8% | ||||||||||||||
128,022 | Telefonica S.A. | 2,031,052 | 0.8 | |||||||||||
Switzerland: 7.1% | ||||||||||||||
24,646 | Cie Financiere Richemont SA | 2,354,398 | 1.0 | |||||||||||
263,433 | Glencore PLC | 1,586,238 | 0.6 | |||||||||||
52,070 | Nestle S.A. | 4,038,986 | 1.7 | |||||||||||
47,722 | Novartis AG | 4,287,653 | 1.8 | |||||||||||
16,429 | Roche Holding AG - Genusschein | 4,798,220 | 2.0 | |||||||||||
17,065,495 | 7.1 | |||||||||||||
Taiwan: 0.7% | ||||||||||||||
75,207 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,574,835 | 0.7 | |||||||||||
Turkey: 0.4% | ||||||||||||||
228,054 | Akbank TAS | 869,412 | 0.4 | |||||||||||
United Kingdom: 8.0% | ||||||||||||||
375,721 | Barclays PLC | 1,401,365 | 0.6 | |||||||||||
355,381 | BP PLC | 2,834,873 | 1.2 | |||||||||||
266,995 | HSBC Holdings PLC | 2,885,977 | 1.2 | |||||||||||
137,584 | Prudential PLC | 3,316,439 | 1.4 | |||||||||||
63,562 | Rio Tinto PLC | 3,398,645 | 1.4 | |||||||||||
70,255 | Scottish & Southern Energy PLC | 1,771,911 | 0.7 | |||||||||||
67,768 | Standard Chartered PLC | 1,365,948 | 0.5 |
Voya Global Advantage and Premium Opportunity Fund |
PORTFOLIO OF INVESTMENTS as of August 31, 2014 (Unaudited) (continued) |
114,559 | WPP PLC | 2,404,112 | 1.0 | |||||||||||
19,379,270 | 8.0 | |||||||||||||
United States: 56.3% | ||||||||||||||
31,462 | @ | Adobe Systems, Inc. | 2,262,118 | 0.9 | ||||||||||
12,411 | Air Products & Chemicals, Inc. | 1,653,269 | 0.7 | |||||||||||
10,833 | @ | Allegion Public Ltd. | 557,141 | 0.2 | ||||||||||
62,133 | Altria Group, Inc. | 2,676,690 | 1.1 | |||||||||||
38,537 | American Electric Power Co., Inc. | 2,069,437 | 0.9 | |||||||||||
56,383 | AT&T, Inc. | 1,971,150 | 0.8 | |||||||||||
140,398 | Bank of America Corp. | 2,259,004 | 0.9 | |||||||||||
4,523 | @ | Biogen Idec, Inc. | 1,551,570 | 0.6 | ||||||||||
87,123 | Blackstone Group LP | 2,921,234 | 1.2 | |||||||||||
57,412 | Carnival Corp. | 2,174,767 | 0.9 | |||||||||||
23,100 | Celgene Corp. | 2,194,962 | 0.9 | |||||||||||
120,271 | Cisco Systems, Inc. | 3,005,572 | 1.3 | |||||||||||
81,496 | Citigroup, Inc. | 4,209,268 | 1.8 | |||||||||||
39,386 | Comcast Corp. – Class A | 2,155,596 | 0.9 | |||||||||||
46,915 | CVS Caremark Corp. | 3,727,397 | 1.6 | |||||||||||
17,541 | Cytec Industries, Inc. | 1,807,425 | 0.8 | |||||||||||
16,521 | Dresser-Rand Group, Inc. | 1,144,905 | 0.5 | |||||||||||
22,243 | @ | eBay, Inc. | 1,234,487 | 0.5 | ||||||||||
88,201 | EMC Corp. | 2,604,576 | 1.1 | |||||||||||
77,389 | Freeport-McMoRan, Inc. | 2,814,638 | 1.2 | |||||||||||
152,482 | General Electric Co. | 3,961,482 | 1.6 | |||||||||||
18,393 | @ | Gilead Sciences, Inc. | 1,978,719 | 0.8 | ||||||||||
18,919 | Goldman Sachs Group, Inc. | 3,388,582 | 1.4 | |||||||||||
4,347 | Google, Inc. | 2,484,745 | 1.0 | |||||||||||
4,256 | Google, Inc. – Class A | 2,478,524 | 1.0 | |||||||||||
36,860 | Halliburton Co. | 2,492,105 | 1.0 | |||||||||||
22,992 | Hess Corp. | 2,324,491 | 1.0 | |||||||||||
23,723 | Honeywell International, Inc. | 2,259,141 | 0.9 | |||||||||||
32,499 | @ | Ingersoll-Rand PLC - Class A | 1,956,440 | 0.8 | ||||||||||
73,508 | JPMorgan Chase & Co. | 4,370,051 | 1.8 | |||||||||||
27,409 | Kellogg Co. | 1,780,763 | 0.7 | |||||||||||
49,986 | Marathon Oil Corp. | 2,083,916 | 0.9 | |||||||||||
74,089 | Merck & Co., Inc. | 4,453,490 | 1.9 | |||||||||||
44,761 | Metlife, Inc. | 2,450,217 | 1.0 | |||||||||||
93,942 | Microsoft Corp. | 4,267,785 | 1.8 | |||||||||||
73,667 | @ | Mylan Laboratories | 3,580,216 | 1.5 | ||||||||||
33,183 | NetApp, Inc. | 1,398,995 | 0.6 | |||||||||||
34,815 | Nike, Inc. | 2,734,718 | 1.1 | |||||||||||
69,913 | Nuance Communications, Inc. | 1,189,220 | 0.5 | |||||||||||
28,352 | Occidental Petroleum Corp. | 2,940,953 | 1.2 | |||||||||||
87,312 | Oracle Corp. | 3,626,067 | 1.5 | |||||||||||
154,770 | Pfizer, Inc. | 4,548,690 | 1.9 | |||||||||||
45,909 | PPL Corp. | 1,589,829 | 0.7 | |||||||||||
40,418 | Procter & Gamble Co. | 3,359,140 | 1.4 | |||||||||||
32,744 | Qualcomm, Inc. | 2,491,818 | 1.0 | |||||||||||
33,688 | @ | Sensata Technologies Holdings N.V. | 1,656,439 | 0.7 | ||||||||||
34,493 | Target Corp. | 2,071,995 | 0.9 | |||||||||||
998 | Transocean Ltd - RIGN | 38,445 | 0.0 | |||||||||||
27,156 | @ | Transocean Ltd. | 1,049,579 | 0.4 | ||||||||||
31,851 | UnitedHealth Group, Inc. | 2,760,845 | 1.1 | |||||||||||
36,361 | Walt Disney Co. | 3,268,127 | 1.4 |
97,257 | @ | Weatherford International PLC | 2,304,018 | 1.0 | ||||||||||
91,060 | Wells Fargo & Co. | 4,684,126 | 1.9 | |||||||||||
12,977 | Wesco International, Inc. | 1,089,938 | 0.5 | |||||||||||
21,265 | Yum! Brands, Inc. | 1,540,224 | 0.6 | |||||||||||
135,649,039 | 56.3 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $189,165,470) | 236,116,023 | 98.0 | ||||||||||||
Assets in Excess of Other Liabilities | 4,757,391 | 2.0 | ||||||||||||
Net Assets | $ | 240,873,414 | 100.0 |
@ | Non-income producing security |
ADR | American Depositary Receipt |
Cost for federal income tax purposes is $189,528,350. | |
Net unrealized appreciation consists of: |
Gross Unrealized Appreciation | $ | 52,007,800 | ||
Gross Unrealized Depreciation | (5,420,127 | ) | ||
Net Unrealized Appreciation | $ | 46,587,673 |
Sector Diversification | Percentage of Net Assets |
|||
Financials | 23.9 | % | ||
Information Technology | 15.4 | |||
Health Care | 12.5 | |||
Consumer Discretionary | 10.8 | |||
Energy | 9.4 | |||
Consumer Staples | 8.0 | |||
Industrials | 7.8 | |||
Materials | 6.3 | |||
Utilities | 2.3 | |||
Telecommunication Services | 1.6 | |||
Assets in Excess of Other Liabilities | 2.0 | |||
Net Assets | 100.0 | % |
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.
The Board has a Nominating Committee for the purpose of considering and presenting to the Board candidates it proposes for nomination to fill Independent Trustee vacancies on the Board. The Committee currently consists of all Independent Trustees of the Board. (6 individuals). The Nominating Committee operates pursuant to a Charter approved by the Board. The primary purpose of the Nominating Committee is to consider and present to the Board the candidates it proposes for nomination to fill vacancies on the Board. In evaluating candidates, the Nominating Committee may consider a variety of factors, but it has not at this time set any specific minimum qualifications that must be met. Specific qualifications of candidates for Board membership will be based on the needs of the Board at the time of nomination.
The Nominating Committee is willing to consider nominations received from shareholders and shall assess shareholder nominees in the same manner as it reviews its own nominees. A shareholder nominee for director should be submitted in writing to the Fund’s Secretary. Any such shareholder nomination should include at a minimum the following information as to each individual proposed for nomination as trustee: such individual’s written consent to be named in the proxy statement as a nominee (if nominated) and to serve as a trustee (if elected), and all information relating to such individual that is required to be disclosed in the solicitation of proxies for election of trustees, or is otherwise required, in each case under applicable federal securities laws, rules and regulations.
The secretary shall submit all nominations received in a timely manner to the Nominating Committee. To be timely, any such submission must be delivered to the Fund’s Secretary not earlier than the 90th day prior to such meeting and not later than the close of business on the later of the 60th day prior to such meeting or the 10th day following the day on which public announcement of the date of the meeting is first made, by either disclosure in a press release or in a document publicly filed by the Fund with the Securities and Exchange Commission.
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 Global Advantage and Premium Opportunity Fund
By | /s/ Shaun P. Mathews | |
Shaun P. Mathews | ||
President and Chief Executive Officer |
Date: November 6, 2014
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, 2014
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer |
Date: November 6, 2014
EX-99.CERT
CERTIFICATION
I, Shaun P. Mathews, certify that:
1. | I have reviewed this report on Form N-CSR of Voya Global Advantage and Premium Opportunity Fund; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
d) | Disclosed in this report any change in the registrant’s internal control over financial reporting 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; and |
5. | The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and |
b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
Date: November 6, 2014 | /s/ Shaun P. Mathews |
Shaun P. Mathews | |
President and Chief Executive Officer |
EXHIBIT-99.CERT
CERTIFICATION
I, Todd Modic, certify that:
1. | I have reviewed this report on Form N-CSR of Voya Global Advantage and Premium Opportunity Fund; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
d) | Disclosed in this report any change in the registrant’s internal control over financial reporting 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; and |
5. | The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and |
b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
Date: November 6, 2014 | /s/ Todd Modic |
Todd Modic | |
Senior Vice President and Chief Financial Officer |
Exhibit 906
EXHIBIT 99.906 CERT
Certification
Pursuant to Section 906
of the
Sarbanes-Oxley Act of 2002
Name of Registrant: Voya Global Advantage and Premium Opportunity Fund
Date of Form N-CSR: August 31, 2014
The undersigned, the principal executive officer of the above named registrant (the “Fund”), hereby certifies that, with respect to the Form N-CSR referred to above, to the best of his knowledge and belief, after reasonable inquiry:
1. | such Form N-CSR fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | the information contained in such Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Fund. |
A signed original of this written statement required by Section 906 has been provided to Voya Global Advantage and Premium Opportunity Fund and will be retained by Voya Global Advantage and Premium Opportunity Fund and furnished to the Securities and Exchange Commission or its staff upon request.
IN WITNESS WHEREOF, the undersigned has executed this Certification below, as of this 6th day of November, 2014.
/s/ Shaun P. Mathews | |
Shaun P. Mathews | |
President and Chief Executive Officer |
EXHIBIT-99.906CERT
Certification
Pursuant to Section 906
of the
Sarbanes-Oxley Act of 2002
Name of Registrant: Voya Global Advantage and Premium Opportunity Fund
Date of Form N-CSR: August 31, 2014
The undersigned, the principal financial officer of the above named registrant (the “Fund”), hereby certifies that, with respect to the Form N-CSR referred to above, to the best of his knowledge and belief, after reasonable inquiry:
1. | such Form N-CSR fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | the information contained in such Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Fund. |
A signed original of this written statement required by Section 906 has been provided to Voya Global Advantage and Premium Opportunity Fund and will be retained by Voya Global Advantage and Premium Opportunity Fund and furnished to the Securities and Exchange Commission or its staff upon request.
IN WITNESS WHEREOF, the undersigned has executed this Certification below, as of this 6th day of November, 2014.
/s/ Todd Modic | |
Todd Modic | |
Senior Vice President and Chief Financial Officer |
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