UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-05410
Voya Prime Rate Trust
(Exact name of registrant as specified in charter)
7337 E. Doubletree Ranch Rd., Suite 100, Scottsdale, AZ 85258
(Address of principal executive offices) (Zip code)
C T Corporation System, 101 Federal Street, Boston, MA 02110
(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: November 30, 2016
Item 1. Schedule of Investments
The schedules of investments as of the close of the reporting period are set forth below for:
The schedules are not audited.
| Voya Prime Rate Trust | PORTFOLIO OF INVESTMENTS as of November 30, 2016 (Unaudited) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: 142.3% | ||||||||||||
| Aerospace & Defense: 0.7% | ||||||||||||
| 5,642,478 | Transdigm, Inc., Term Loan F (Rolled), 3.934%, 06/15/23 | $ | 5,657,994 | 0.7 | ||||||||
| Automotive: 5.3% | ||||||||||||
| 1,970,000 | BBB Industries US Holdings, Inc., First Lien Term Loan, 6.000%, 11/03/21 | 1,971,822 | 0.2 | |||||||||
| 2,947,500 | Dealer Tire, LLC, Term Loan B, 4.750%, 12/22/21 | 2,982,502 | 0.3 | |||||||||
| 3,176,874 | Dynacast International LLC,First Lien Term Loan, 4.500%, 01/15/22 | 3,190,772 | 0.4 | |||||||||
| 2,075,933 | Federal-Mogul Corporation, Term Loan C, 4.750%, 04/15/21 | 2,021,440 | 0.2 | |||||||||
| 1,477,215 | Fram Group Holdings Inc., Second Lien Term Loan, 11.000%, 01/29/18 | 1,339,957 | 0.2 | |||||||||
| 11,589,737 | Gates Global LLC, First Lien Secured Term Loan, 4.250%, 07/05/21 | 11,527,767 | 1.4 | |||||||||
| 2,487,500 | KAR Auction Services, Inc., Term Loan B-3, 4.434%, 03/09/23 | 2,518,982 | 0.3 | |||||||||
| 1,649,363 | Key Safety Systems, Inc., First Lien Term Loan, 5.500%, 08/29/21 | 1,657,610 | 0.2 | |||||||||
| EUR 1,234,375 | Metaldyne Performance Group, Term Loan B EUR, 3.750%, 10/20/21 | 1,319,291 | 0.1 | |||||||||
| 5,847,020 | Metaldyne Performance Group, Term Loan B, 3.750%, 10/20/21 | 5,868,946 | 0.7 | |||||||||
| 3,036,831 | NN, Inc., Upsized Term Loan B, 5.184%, 10/19/22 | 3,042,525 | 0.4 | |||||||||
| 4,579,573 | Service King, Upsized Term Loan B, 4.500%, 08/18/21 | 4,616,782 | 0.5 | |||||||||
| 3,390,750 | TI Group Automotive Systems, L.L.C.,Term Loan B, 4.500%, 06/30/22 | 3,414,061 | 0.4 | |||||||||
| 45,472,457 | 5.3 | |||||||||||
| Beverage & Tobacco: 0.3% | ||||||||||||
| EUR 1,060,557 | Jacobs Douwe Egberts, Term Loan B-1 EUR, 3.184%, 07/02/22 | 1,138,848 | 0.1 | |||||||||
| 1,576,384 | Jacobs Douwe Egberts, Term Loan B-1 USD, 3.434%, 07/02/22 | 1,579,340 | 0.2 | |||||||||
| 2,718,188 | 0.3 | |||||||||||
| Building & Development: 2.9% | ||||||||||||
| 2,435,000 | American Builders & Contractors Supply Co., Inc., Term Loan B, 3.684%, 10/13/23 | 2,448,013 | 0.3 | |||||||||
| 4,210,195 | Doosan Infracore Bobcat Holdings Co., Ltd., Term Loan B, 4.500%, 05/28/21 | 4,229,456 | 0.5 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Building & Development: (continued) | ||||||||||||
| 4,400,000 | Forterra Finance, LLC, First Lien Term Loan, 7.066%, 10/31/23 | 4,409,165 | 0.5 | |||||||||
| 1,925,000 | Henry Company LLC, Term Loan B, 5.500%, 10/05/23 | 1,938,235 | 0.3 | |||||||||
| 1,755,448 | Minimax Viking GmbH, Term Loan B1 Facility, 4.000%, 08/16/20 | 1,768,614 | 0.2 | |||||||||
| 2,774,646 | NCI Building Systems, Inc., Term Loan, 4.250%, 06/24/19 | 2,780,542 | 0.3 | |||||||||
| 3,950,000 | (1) | Quikrete Holdings, Term Loan B, 4.184%, 11/15/23 | 3,971,725 | 0.5 | ||||||||
| 859,375 | Ventia Service (fka Leighton), Upsized Term Loan B, 5.000%, 05/21/22 | 869,043 | 0.1 | |||||||||
| 1,895,250 | Zekelman Industries, Inc. (fka JMC Steel), Term Loan B, 6.000%, 06/14/21 | 1,904,726 | 0.2 | |||||||||
| 24,319,519 | 2.9 | |||||||||||
| Business Equipment & Services: 10.7% | ||||||||||||
| 5,277,531 | Acosta, Inc., New Term Loan B, 4.250%, 09/26/21 | 5,022,452 | 0.6 | |||||||||
| 10,039,652 | Advantage Sales & Marketing, Inc., First Lien Term Loan, 4.250%, 07/23/21 | 9,970,630 | 1.2 | |||||||||
| 2,900,000 | Advantage Sales & Marketing, Inc., Second Lien Term Loan, 7.500%, 07/25/22 | 2,750,166 | 0.3 | |||||||||
| 7,137,937 | AlixPartners LLP, Term Loan B, 4.000%, 07/28/22 | 7,170,650 | 0.8 | |||||||||
| 1,940,000 | Allflex Holdings III, Inc., First Lien Term Loan, 4.250%, 07/17/20 | 1,942,425 | 0.2 | |||||||||
| 1,481,250 | Boyd Corporation, First Lien Term Loan, 5.250%, 04/15/22 | 1,434,961 | 0.2 | |||||||||
| 7,347,522 | Coinmach Service Corp., Upsized Term Loan, 4.250%, 11/14/19 | 7,286,677 | 0.9 | |||||||||
| 1,825,000 | Document Technologies, Inc., Term Loan B, 6.250%, 10/01/23 | 1,805,609 | 0.2 | |||||||||
| 2,297,248 | First American Payment Systems, First Lien Term Loan, 5.750%, 10/12/18 | 2,287,675 | 0.3 | |||||||||
| 1,631,261 | First American Payment Systems, Second Lien, 10.750%, 04/12/19 | 1,582,324 | 0.2 | |||||||||
| 3,690,959 | First Data Corporation, Term Loan 2021 USD, 3.934%, 03/24/21 | 3,710,182 | 0.4 | |||||||||
| 3,568,547 | First Data Corporation, Term Loan July 2022 Add-On, 4.684%, 07/08/22 | 3,588,374 | 0.4 | |||||||||
| EUR 1,482,447 | Foncia Groupe SAS, Term Loan B, 5.184%, 07/28/23 | 1,590,811 | 0.2 | |||||||||
| EUR 1,300,000 | ION Trading Technologies Limited, Tranche B-1 Euro Term Loan, 4.250%, 07/31/23 | 1,392,349 | 0.2 | |||||||||
| 3,063,451 | iQor, First Lien Term Loan, 6.000%, 04/01/21 | 2,894,961 | 0.3 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Business Equipment & Services: (continued) | ||||||||||||
| 1,976,440 | iQor, Second Lien Term Loan, 9.750%, 04/01/22 | 1,591,034 | 0.2 | |||||||||
| 4,933,956 | KinderCare Education, LLC (fka Knowledge Universe Education, LLC), Incremental First Lien Term Loan, 5.250%, 08/13/22 | 4,975,071 | 0.6 | |||||||||
| 2,846,703 | Learning Care Group, Term Loan, 5.000%, 05/05/21 | 2,882,287 | 0.3 | |||||||||
| 3,316,532 | Legal Shield, First Lien Term Loan, 6.500%, 07/01/19 | 3,327,586 | 0.4 | |||||||||
| 2,000,000 | Legal Shield, Second Lien Term Loan, 10.250%, 07/01/20 | 1,995,000 | 0.2 | |||||||||
| 2,548,000 | Onsite Rental Group Operations Pty Ltd., Senior Secured Term Loan, 5.500%, 07/30/21 | 2,051,140 | 0.2 | |||||||||
| 2,238,750 | Solera Management, USD Term Loan B, 5.750%, 03/03/23 | 2,263,781 | 0.3 | |||||||||
| 4,698,156 | SourceHOV, First Lien Term Loan, 7.750%, 10/31/19 | 4,185,028 | 0.5 | |||||||||
| 2,300,000 | SourceHOV, Second Lien Term Loan, 11.500%, 04/30/20 | 1,504,584 | 0.2 | |||||||||
| 4,292,496 | SurveyMonkey.com, LLC, Term Loan B, 6.250%, 02/07/19 | 4,335,421 | 0.5 | |||||||||
| 1,250,000 | Thomson Reuters Intellectual Property & Science, First Lien Term Loan, 4.750%, 09/15/23 | 1,255,469 | 0.2 | |||||||||
| 139,808 | Wash Multi-Family Services, CAD First Lien Term Loan, 4.250%, 05/26/22 | 138,061 | 0.0 | |||||||||
| 798,315 | Wash Multi-Family Services, USD First Lien Term Loan, 4.250%, 05/26/22 | 788,336 | 0.1 | |||||||||
| 5,087,250 | West Corp, Term Loan B-12, 3.934%, 06/30/23 | 5,120,953 | 0.6 | |||||||||
| 90,843,997 | 10.7 | |||||||||||
| Cable & Satellite Television: 5.0% | ||||||||||||
| 2,584,506 | Charter Communications Operating, LLC, Term Loan I, 3.684%, 01/24/23 | 2,609,095 | 0.3 | |||||||||
| 3,280,613 | Liberty Cablevision of Puerto Rico LLC., First Lien Term Loan Facility, 4.500%, 01/07/22 | 3,237,043 | 0.4 | |||||||||
| 250,000 | Liberty Cablevision of Puerto Rico LLC., Second Lien Term Loan Facility, 7.750%, 07/07/23 | 241,406 | 0.0 | |||||||||
| 982,265 | New Wave Communications, Term Loan B with Add On, 4.750%, 04/30/20 | 981,651 | 0.1 | |||||||||
| 6,993,405 | RCN Cable, Term Loan B, 4.250%, 02/25/20 | 7,005,063 | 0.8 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Cable & Satellite Television: (continued) | ||||||||||||
| EUR 995,000 | Numericable (YPSO France SAS), Term Loan B7 EUR, 4.684%, 04/12/23 | 1,067,167 | 0.1 | |||||||||
| 2,139,250 | Numericable (YPSO France SAS), Term Loan B7 USD, 5.184%, 01/08/24 | 2,156,364 | 0.3 | |||||||||
| 2,960,000 | SFR Group SA (Numericable), Term Loan B10 USD, 4.184%, 01/31/25 | 2,959,692 | 0.4 | |||||||||
| 2,700,000 | (1) | Telenet Group Holding NV, Term Loan AF, 3.934%, 01/31/25 | 2,698,313 | 0.3 | ||||||||
| 1,800,000 | Telesat Canada, Term Loan B, 4.684%, 11/14/23 | 1,807,501 | 0.2 | |||||||||
| 2,000,000 | UPC Financing Partnership, Term Loan AN, 3.934%, 08/31/24 | 2,011,750 | 0.2 | |||||||||
| EUR 965,000 | (1) | UPC Financing Partnership, Term Loan AO, 3.934%, 01/15/26 | 1,025,935 | 0.1 | ||||||||
| GBP 2,750,000 | Virgin Media Investment Holdings Limited, Term Loan E (GBP), 4.434%, 06/30/23 | 3,457,143 | 0.4 | |||||||||
| 907,659 | WaveDivision Holdings LLC,New Term Loan B, 4.000%, 10/15/19 | 910,836 | 0.1 | |||||||||
| 8,000,000 | Wideopenwest Finance, LLC, 2016 Term Loan B, 4.500%, 08/15/23 | 8,012,776 | 1.0 | |||||||||
| EUR 2,250,000 | Ziggo N.V., Term Loan C EUR, 4.684%, 08/15/24 | 2,397,012 | 0.3 | |||||||||
| 42,578,747 | 5.0 | |||||||||||
| Chemicals & Plastics: 6.5% | ||||||||||||
| EUR 1,250,000 | Allnex S.a.r.l. (Monarch), Term Loan B-1 facility, 5.184%, 09/23/23 | 1,349,342 | 0.2 | |||||||||
| 784,195 | Allnex S.a.r.l. (Monarch), Term Loan B-2 Facility, 5.184%, 09/13/23 | 792,282 | 0.1 | |||||||||
| 590,805 | Allnex S.a.r.l. (Monarch), Term Loan B-3 Facility, 5.184%, 09/13/23 | 596,898 | 0.1 | |||||||||
| 453,491 | Aruba Investments, Inc (a.k.a Angus Chemical),US Term Loan, 4.500%, 02/02/22 | 453,015 | 0.1 | |||||||||
| 6,301,572 | Avantor Performance Materials, First Lien Term Loan, 6.000%, 06/21/22 | 6,356,711 | 0.7 | |||||||||
| 3,158,919 | Emerald Performance Materials LLC, First Lien Term Loan, 4.500%, 08/01/21 | 3,179,980 | 0.4 | |||||||||
| 1,000,000 | Emerald Performance Materials LLC, Second Lien Term Loan, 7.750%, 08/01/22 | 1,001,875 | 0.1 | |||||||||
| 2,000,000 | Flint Group Holdings S.A.R.L., Second Lien, 8.250%, 09/05/22 | 1,925,000 | 0.2 | |||||||||
| 3,826,444 | Flint Group Holdings S.A.R.L., USD Term Loan B2, 4.500%, 09/07/21 | 3,824,848 | 0.5 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Chemicals & Plastics: (continued) | ||||||||||||
| 632,556 | Flint Group Holdings S.A.R.L., USD Term Loan C, 4.500%, 09/07/21 | 632,556 | 0.1 | |||||||||
| 4,949,823 | Ineos US Finance LLC, Incremental USD Term Loan, 4.250%, 03/31/22 | 4,982,824 | 0.6 | |||||||||
| EUR 1,945,125 | Inovyn Finance plc, Term Loan B, 4.500%, 05/05/21 | 2,095,040 | 0.2 | |||||||||
| 6,000,000 | Kraton Polymers LLC, Term Loan Facility, 6.000%, 01/06/22 | 6,044,166 | 0.7 | |||||||||
| 2,331,033 | MacDermid, Inc. (a.k.a Platform Specialty Products Corp), USD Term Loan B-4, 5.000%, 06/07/23 | 2,350,781 | 0.3 | |||||||||
| EUR 825,000 | Novacap, EUR Term Loan B, 5.934%, 06/22/23 | 885,063 | 0.1 | |||||||||
| 1,945,125 | Omnova Solutions Inc, Term Loan B, 5.250%, 08/24/23 | 1,962,145 | 0.2 | |||||||||
| 1,687,995 | Orion Engineered Carbons, Term Loan B USD, 3.934%, 07/25/21 | 1,698,019 | 0.2 | |||||||||
| 1,277,221 | Oxea S.a.r.l., First Lien Term Loan USD, 4.250%, 01/15/20 | 1,222,406 | 0.1 | |||||||||
| 763,088 | PQ Corporation, Dollar Term Loan, 5.250%, 11/04/22 | 768,731 | 0.1 | |||||||||
| 2,446,550 | Royal Adhesives & Sealants,First Lien Term Loan, 4.500%, 06/19/22 | 2,461,535 | 0.3 | |||||||||
| 325,000 | Royal Adhesives & Sealants,Second Lien Term Loan, 8.500%, 06/19/23 | 323,375 | 0.0 | |||||||||
| 3,626,000 | Solenis International, L.P., USD First Lien Term Loan, 4.250%, 07/31/21 | 3,621,972 | 0.4 | |||||||||
| 2,555,583 | Styrolution Group GmbH, New USD facility, 4.750%, 09/30/21 | 2,574,750 | 0.3 | |||||||||
| 2,992,268 | Tronox Pigments (Netherlands) BV, Term Loan, 4.500%, 03/19/20 | 2,992,268 | 0.4 | |||||||||
| 993,905 | Zep Inc, Term Loan, 5.500%, 06/27/22 | 998,254 | 0.1 | |||||||||
| 55,093,836 | 6.5 | |||||||||||
| Clothing/Textiles: 0.7% | ||||||||||||
| 4,913,068 | Varsity Brands (fka Herff Jones, Inc.), First Lien Term Loan, 5.000%, 12/10/21 | 4,956,058 | 0.6 | |||||||||
| 673,816 | Vince, LLC, Term Loan, 6.000%, 11/27/19 | 653,601 | 0.1 | |||||||||
| 5,609,659 | 0.7 | |||||||||||
| Conglomerates: 0.7% | ||||||||||||
| 2,539,682 | Jason Incorporated, First Lien Term Loan, 5.500%, 06/30/21 | 2,400,000 | 0.3 | |||||||||
| 600,000 | Jason Incorporated, Second Lien Term Loan, 9.000%, 06/30/22 | 405,000 | 0.0 | |||||||||
| 1,620,000 | ServiceMaster Company, Term Loan B, 3.434%, 11/08/23 | 1,621,207 | 0.2 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Conglomerates: (continued) | ||||||||||||
| 1,917,111 | Waterpik, First Lien, 5.750%, 07/08/20 | 1,920,307 | 0.2 | |||||||||
| 6,346,514 | 0.7 | |||||||||||
| Containers & Glass Products: 3.3% | ||||||||||||
| 5,659,217 | Berlin Packaging, LLC, First Lien Term Loan, 4.500%, 10/01/21 | 5,688,690 | 0.7 | |||||||||
| 630,000 | Berlin Packaging, LLC, Second Lien Term Facility, 7.750%, 09/30/22 | 631,969 | 0.1 | |||||||||
| 1,000,000 | Berry Plastics Corporation, Term Loan G, 3.500%, 01/06/21 | 1,003,750 | 0.1 | |||||||||
| 13,399 | Constantia Flexibles, Term Loan B-1 USD, 4.000%, 04/30/22 | 13,449 | 0.0 | |||||||||
| 2,443,350 | Husky Injection Molding Systems, Ltd., Incremental Term Loan, 4.250%, 06/30/21 | 2,443,859 | 0.3 | |||||||||
| 924,384 | Milacron LLC, Term Loan, 4.250%, 09/28/20 | 929,560 | 0.1 | |||||||||
| 1,040,147 | Otter Products, Term Loan B, 5.750%, 06/03/20 | 1,006,342 | 0.1 | |||||||||
| 1,212,750 | Peacock Engineering Company, LLC, First Lien Term Loan Facility, 5.250%, 07/27/22 | 1,206,686 | 0.1 | |||||||||
| 2,200,000 | (1) | Proampac Intermediate Inc (f.k.a Prolampac Inc), First Lien Term Loan, 5.000%, 11/18/23 | 2,215,125 | 0.3 | ||||||||
| 460,000 | (1) | Proampac Intermediate Inc (f.k.a Prolampac Inc), Second Lien Term Loan, 9.500%, 11/18/24 | 461,150 | 0.0 | ||||||||
| 6,773,209 | Reynolds Group Holdings Inc, USD Term Loan, 4.250%, 02/05/23 | 6,805,151 | 0.8 | |||||||||
| 2,659,500 | SIG Combibloc Group AG, USD Term Loan, 4.000%, 03/10/22 | 2,669,843 | 0.3 | |||||||||
| EUR 3,000,000 | Verallia SA, Term Loan B2, 4.500%, 08/01/22 | 3,221,500 | 0.4 | |||||||||
| 28,297,074 | 3.3 | |||||||||||
| Cosmetics/Toiletries: 0.5% | ||||||||||||
| 4,365,000 | Revlon Consumer Products Corporation, Term Loan B 2016, 4.434%, 09/07/23 | 4,377,126 | 0.5 | |||||||||
| Diversified Insurance: 7.1% | ||||||||||||
| 3,321,786 | (1) | Acrisure, LLC, Term Loan, 5.750%, 11/15/23 | 3,321,786 | 0.4 | ||||||||
| 6,917,462 | Alliant Holdings, I, LLC,Term Loan B, 4.500%, 08/14/22 | 6,927,548 | 0.8 | |||||||||
| 950,000 | AmWINS Group, Inc., Second Lien Term Loan, 9.500%, 09/06/20 | 961,479 | 0.1 | |||||||||
| 6,978,114 | AmWINS Group, Inc., Term Loan, 4.750%, 09/06/19 | 7,024,218 | 0.8 | |||||||||
| 5,035,267 | Applied Systems Inc., First Lien Term Loan, 4.250%, 01/25/21 | 5,057,820 | 0.6 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Diversified Insurance: (continued) | ||||||||||||
| 1,890,671 | Applied Systems Inc., Second Lien Term Loan, 7.500%, 01/24/22 | 1,908,790 | 0.2 | |||||||||
| 2,927,912 | AssuredPartners, Inc., First Lien Term Loan, 5.750%, 10/21/22 | 2,945,298 | 0.4 | |||||||||
| 9,666,680 | Hub International Limited, Term Loan B, 4.000%, 10/02/20 | 9,674,983 | 1.1 | |||||||||
| 6,937,027 | National Financial Partners Corp., Term Loan B, 4.500%, 07/01/20 | 6,963,041 | 0.8 | |||||||||
| 3,285,455 | Sedgwick Holdings, Inc., First Lien Term Loan, 3.750%, 02/28/21 | 3,272,723 | 0.4 | |||||||||
| 5,900,000 | Sedgwick Holdings, Inc., Second Lien Term Loan, 6.750%, 02/28/22 | 5,815,188 | 0.7 | |||||||||
| 4,950,516 | USI, Inc., Term Loan, 4.250%, 12/27/19 | 4,956,704 | 0.6 | |||||||||
| 1,500,000 | Vertafore, Inc., Term Loan B, 4.750%, 06/30/23 | 1,506,797 | 0.2 | |||||||||
| 60,336,375 | 7.1 | |||||||||||
| Drugs: 0.3% | ||||||||||||
| 966,938 | Alvogen Pharma U.S., Term Loan B, 6.000%, 03/31/22 | 964,521 | 0.1 | |||||||||
| 1,200,000 | Horizon Pharma, Inc., Incremental term loan, 5.500%, 05/07/21 | 1,202,250 | 0.2 | |||||||||
| 2,166,771 | 0.3 | |||||||||||
| Ecological Services & Equipment: 1.2% | ||||||||||||
| 5,113,997 | 4L Holdings Inc., Term Loan B, 5.500%, 05/08/20 | 4,845,512 | 0.6 | |||||||||
| 5,244,567 | ADS Waste Holdings, Inc., Term Loan B-2, 3.934%, 10/09/19 | 5,246,209 | 0.6 | |||||||||
| 10,091,721 | 1.2 | |||||||||||
| Electronics/Electrical: 18.5% | ||||||||||||
| 3,895,700 | Accuvant Inc., First Lien Term Loan, 6.250%, 01/28/22 | 3,923,702 | 0.5 | |||||||||
| 2,632,500 | Aptean Holdings, Inc., First Lien Term Loan, 5.250%, 02/27/20 | 2,634,145 | 0.3 | |||||||||
| 700,000 | Aptean Holdings, Inc., Second Lien Term Loan, 8.500%, 02/27/21 | 692,417 | 0.1 | |||||||||
| 2,698,798 | Aspect Software, Inc., Exit Term Loan, 10.500%, 05/24/20 | 2,681,345 | 0.3 | |||||||||
| 6,072,473 | Avago Technologies (aka Broadcom), Term Loan B-3, 3.934%, 02/01/23 | 6,134,619 | 0.7 | |||||||||
| EUR 500,000 | Avast Software B.V., Term Loan EUR, 4.750%, 07/18/22 | 539,566 | 0.1 | |||||||||
| 4,210,000 | Avast Software B.V., Term Loan USD, 5.500%, 09/30/22 | 4,251,574 | 0.5 | |||||||||
| 5,931,639 | BMC Software, Inc., Term Loan USD, 5.000%, 09/10/20 | 5,811,772 | 0.7 | |||||||||
| 1,275,000 | Cavium, Inc., Term Loan B, 3.934%, 08/15/22 | 1,275,765 | 0.1 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Electronics/Electrical: (continued) | ||||||||||||
| 4,595,775 | Compuware Corporation, Term Loan B-2, 6.250%, 12/15/21 | 4,610,137 | 0.5 | |||||||||
| 14,755,000 | Dell International LLC, Term Loan B, 4.184%, 09/07/23 | 14,900,248 | 1.7 | |||||||||
| 4,110,000 | Dell Software Group, Term Loan B, 7.000%, 10/31/22 | 4,112,569 | 0.5 | |||||||||
| 2,192,406 | ECI, Term Loan B, 5.750%, 05/28/21 | 2,197,887 | 0.3 | |||||||||
| 775,000 | Epicor Software Corporation, 08/16 Incremental Term Loan B, 5.000%, 06/01/22 | 774,516 | 0.1 | |||||||||
| 3,456,250 | Epicor Software Corporation, Term Loan B, 4.750%, 06/01/22 | 3,455,818 | 0.4 | |||||||||
| 508,725 | Eze Castle Software, Inc., Incremental Term Loan, 4.500%, 04/04/20 | 509,679 | 0.1 | |||||||||
| 980,625 | Eze Castle Software, Inc., Second Lien Term Loan, 7.250%, 04/05/21 | 962,647 | 0.1 | |||||||||
| 957,295 | Eze Castle Software, Inc., Term Loan B-1, 4.000%, 04/06/20 | 957,595 | 0.1 | |||||||||
| 8,985,817 | Go Daddy Operating Company, LLC, Term Loan, 4.250%, 05/13/21 | 9,051,530 | 1.1 | |||||||||
| EUR 2,000,000 | (1) | Greeneden U.S. Holdings II, L.L.C., EUR Term Loan B, 6.250%, 12/07/23 | 2,124,999 | 0.2 | ||||||||
| 1,155,000 | (1) | Greeneden U.S. Holdings II, L.L.C., USD Term Loan, 6.250%, 11/17/23 | 1,161,015 | 0.1 | ||||||||
| 5,753,054 | Hyland Software, Inc., First Lien Term Loan, 4.750%, 07/01/22 | 5,777,194 | 0.7 | |||||||||
| 1,500,000 | Hyland Software, Inc., Second Lien Term Loan, 8.250%, 06/30/23 | 1,510,625 | 0.2 | |||||||||
| 6,039,000 | Informatica Corporation,Term Loan B, 4.500%, 08/05/22 | 5,917,592 | 0.7 | |||||||||
| 3,500,000 | JDA Software (f.k.a RedPrairie Corporation), Term Loan B, 4.500%, 09/22/23 | 3,508,386 | 0.4 | |||||||||
| 6,200,000 | Kronos Incorporated, First Lien Term Loan, 5.000%, 10/31/23 | 6,218,216 | 0.7 | |||||||||
| EUR 410,000 | Linxens, Term Loan B-4 EUR, 4.684%, 10/16/22 | 439,970 | 0.0 | |||||||||
| 1,339,875 | Linxens,Term Loan B-1 USD, 5.000%, 10/16/22 | 1,343,225 | 0.2 | |||||||||
| 2,691,306 | M/A-COM Technology Solutions Holdings, Inc., Term Loan B, 4.684%, 05/07/21 | 2,721,583 | 0.3 | |||||||||
| 1,371,563 | Micron Technology, Inc., Term Loan B, 4.684%, 04/26/22 | 1,389,393 | 0.2 | |||||||||
| 1,556,031 | Microsemi Corporation, Term Loan B, 3.934%, 01/15/23 | 1,568,835 | 0.2 | |||||||||
| 575,000 | Omnitracs Inc., Upsized Second Lien Term Loan, 8.750%, 05/25/21 | 550,084 | 0.1 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Electronics/Electrical: (continued) | ||||||||||||
| 4,050,000 | ON Semiconductor Corporation, Term Loan B, 4.184%, 03/31/23 | 4,077,001 | 0.5 | |||||||||
| 3,900,000 | Rackspace Hosting, Term Loan B, 5.000%, 11/15/23 | 3,934,472 | 0.5 | |||||||||
| 4,877,237 | Riverbed Technology, Inc., First Lien Term Loan, 5.000%, 04/24/22 | 4,924,995 | 0.6 | |||||||||
| 991,203 | Rovi Solutions Corporation, Term Loan B, 3.934%, 07/02/21 | 996,159 | 0.1 | |||||||||
| 4,909,823 | Skillsoft Corp., First Lien Term Loan, 5.750%, 04/28/21 | 4,552,633 | 0.5 | |||||||||
| 6,084,750 | SolarWinds Holdings, Inc., Term Loan, 5.500%, 02/05/23 | 6,135,138 | 0.7 | |||||||||
| 3,170,572 | SS&C Technologies Inc.,Term Loan B-1, 4.184%, 07/08/22 | 3,199,164 | 0.4 | |||||||||
| 365,835 | SS&C Technologies Inc.,Term Loan B-2, 4.184%, 07/08/22 | 369,134 | 0.0 | |||||||||
| 2,400,000 | (1) | Tessera Technologies, Term Loan B, 4.184%, 11/07/23 | 2,404,500 | 0.3 | ||||||||
| 4,527,632 | TTM Technologies, Term Loan B, 5.250%, 05/31/21 | 4,567,194 | 0.5 | |||||||||
| 4,895,400 | Veritas Technologies Corporation, USD Term Loan B-1, 6.625%, 01/29/23 | 4,414,021 | 0.5 | |||||||||
| 9,177,000 | Western Digital, USD Term Loan B-1, 4.684%, 04/29/23 | 9,295,805 | 1.1 | |||||||||
| 4,699,091 | Zebra Technologies, Term Loan B, 4.184%, 10/27/21 | 4,735,640 | 0.6 | |||||||||
| 157,314,504 | 18.5 | |||||||||||
| Equity REITs and REOCs: 0.7% | ||||||||||||
| 3,150,000 | Capital Automotive L.P., Second Lien Term Loan, 6.000%, 04/30/20 | 3,179,846 | 0.4 | |||||||||
| 2,365,000 | ESH Hospitality, Inc., Term Loan B, 3.934%, 08/25/23 | 2,385,448 | 0.3 | |||||||||
| 5,565,294 | 0.7 | |||||||||||
| Financial Intermediaries: 2.5% | ||||||||||||
| 3,666,905 | Duff & Phelps, Add On Term Loan B, 4.750%, 04/23/20 | 3,679,501 | 0.4 | |||||||||
| 1,965,000 | Duff & Phelps, Add On Term Loan B1, 4.750%, 04/23/20 | 1,969,300 | 0.2 | |||||||||
| 6,947,500 | First Eagle Investment Management, Inc., Term Loan B, 4.934%, 12/01/22 | 6,990,922 | 0.8 | |||||||||
| 5,356,653 | LPL Holdings, Inc., Term Loan B New, 4.934%, 11/20/22 | 5,410,219 | 0.7 | |||||||||
| 3,482,500 | NorthStar Asset Management, Term Loan B, 4.809%, 01/31/23 | 3,482,500 | 0.4 | |||||||||
| 21,532,442 | 2.5 | |||||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Food Products: 4.2% | ||||||||||||
| 4,548,462 | Advance Pierre Foods, First Lien Term Loan, 4.500%, 05/30/23 | 4,580,442 | 0.5 | |||||||||
| 1,968,849 | Atkins Nutritionals Holdings II, Inc., First Lien Term Loan, 6.250%, 01/02/19 | 1,973,771 | 0.2 | |||||||||
| 6,402,112 | CSM Bakery Supplies, First Lien Term Loan, 5.000%, 07/03/20 | 5,480,207 | 0.7 | |||||||||
| 3,014,562 | Del Monte Foods Consumer Products, Inc., First Lien, 4.250%, 02/18/21 | 2,828,663 | 0.3 | |||||||||
| 3,700,000 | Del Monte Foods Consumer Products, Inc., Second Lien, 8.250%, 08/18/21 | 2,941,500 | 0.4 | |||||||||
| 4,655,481 | Hostess, First Lien Term Loan, 4.500%, 08/03/22 | 4,684,578 | 0.6 | |||||||||
| 5,955,000 | JBS USA, Inc. (fka Swift),Term Loan B, 4.000%, 10/30/22 | 5,959,913 | 0.7 | |||||||||
| 5,365,965 | Keurig Green Mountain, Inc., USD Term Loan B, 5.434%, 03/03/23 | 5,436,351 | 0.6 | |||||||||
| 1,913,439 | NPC International , Term Loan, 4.750%, 12/28/18 | 1,921,810 | 0.2 | |||||||||
| 35,807,235 | 4.2 | |||||||||||
| Food Service: 2.3% | ||||||||||||
| 3,716,609 | CEC Entertainment, Inc., First Lien Term Loan, 4.000%, 02/14/21 | 3,668,494 | 0.4 | |||||||||
| 2,000,000 | Landry's Restaurants, Term Loan, 4.184%, 10/03/23 | 2,015,626 | 0.2 | |||||||||
| 2,052,308 | Manitowoc Foodservice, Inc., Term Loan B, 5.750%, 03/03/23 | 2,086,495 | 0.3 | |||||||||
| 1,992,303 | P.F. Chang's China Bistro, Inc., Term Loan, 4.250%, 06/30/19 | 1,967,400 | 0.2 | |||||||||
| 6,398,626 | Restaurant Brands International (F.K.A. Burger King Corporation),Term Loan B, 3.750%, 12/10/21 | 6,445,259 | 0.8 | |||||||||
| 3,491,250 | US Foods, Inc., Term Loan B, 4.184%, 06/30/23 | 3,517,124 | 0.4 | |||||||||
| 19,700,398 | 2.3 | |||||||||||
| Food/Drug Retailers: 2.3% | ||||||||||||
| 4,496,619 | Albertsons LLC, Term Loan B-4, 4.500%, 08/15/21 | 4,514,043 | 0.5 | |||||||||
| 1,520,000 | Albertsons LLC, Term Loan B-6, 4.750%, 06/22/23 | 1,528,266 | 0.2 | |||||||||
| 1,216,950 | NBTY, Inc., USD Term Loan B, 5.000%, 05/05/23 | 1,219,613 | 0.2 | |||||||||
| 2,447,538 | Portillo Restaurant Group (The), First Lien Term Loan, 4.750%, 08/04/21 | 2,433,261 | 0.3 | |||||||||
| 1,950,000 | Smart & Final Stores, Extended Term Loan B, 4.434%, 11/15/22 | 1,946,648 | 0.2 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Food/Drug Retailers: (continued) | ||||||||||||
| 7,452,441 | Supervalu, Term Loan, 5.500%, 03/21/19 | 7,489,122 | 0.9 | |||||||||
| 19,130,953 | 2.3 | |||||||||||
| Forest Products: 0.2% | ||||||||||||
| 1,645,875 | Blount International, Inc., Term Loan B USD, 7.250%, 04/12/23 | 1,670,563 | 0.2 | |||||||||
| Health Care: 14.8% | ||||||||||||
| 2,282,750 | Acadia, New Term Loan B, 3.934%, 02/16/23 | 2,289,884 | 0.3 | |||||||||
| 1,617,611 | Aegis Sciences, First Lien Term Loan, 5.500%, 02/24/21 | 1,500,335 | 0.2 | |||||||||
| 7,860,562 | Air Medical Group Holdings, Inc., Term Loan B, 4.250%, 04/28/22 | 7,801,608 | 0.9 | |||||||||
| 997,500 | ATI Physical Therapy, First Lien Term Loan, 5.500%, 05/10/23 | 1,004,565 | 0.1 | |||||||||
| 1,740,000 | BioClinica, First Lien Term Loan, 5.250%, 10/20/23 | 1,733,475 | 0.2 | |||||||||
| 2,507,799 | CareCore National, LLC, Term Loan B, 5.500%, 03/05/21 | 2,463,913 | 0.3 | |||||||||
| 4,569,456 | Catalent Pharma Solutions, Inc., USD Term Loan, 4.250%, 05/20/21 | 4,593,573 | 0.5 | |||||||||
| 4,081,994 | CHG Medical Staffing, Inc., First Lien Term Loan, 4.750%, 05/26/23 | 4,112,245 | 0.5 | |||||||||
| 6,939,287 | CHS/Community Health Systems, Inc., Term Loan H, 4.000%, 01/27/21 | 6,561,345 | 0.8 | |||||||||
| 1,678,382 | Concentra Inc, Term Loan B, 4.000%, 06/01/22 | 1,678,382 | 0.2 | |||||||||
| 4,337,170 | Connolly / iHealth Technologies, New First Lien Term Loan B, 3.684%, 09/22/23 | 4,353,434 | 0.5 | |||||||||
| 982,456 | Correct Care Solutions, First Lien Term Loan, 5.000%, 07/22/21 | 790,877 | 0.1 | |||||||||
| 3,672,965 | DJO Finance LLC, First Lien Term Loan, 4.250%, 06/08/20 | 3,535,229 | 0.4 | |||||||||
| 3,425,000 | (1) | Envision Healthcare Corporation, Tranche C, 3.934%, 11/17/23 | 3,435,703 | 0.4 | ||||||||
| 2,115,000 | ExamWorks Group, Inc., First Lien Term Loan, 4.750%, 07/27/23 | 2,127,889 | 0.3 | |||||||||
| 3,505,342 | Healogics, Inc., First Lien Term Loan, 5.250%, 07/01/21 | 2,786,747 | 0.3 | |||||||||
| 2,500,000 | Healogics, Inc., Second Lien Term Loan, 9.000%, 07/01/22 | 1,375,000 | 0.2 | |||||||||
| 7,001,577 | Iasis Healthcare LLC, Term Loan B-2, 4.500%, 05/03/18 | 6,922,809 | 0.8 | |||||||||
| 2,420,000 | inVentiv Health Inc., Term Loan B, 4.750%, 10/10/23 | 2,416,409 | 0.3 | |||||||||
| 6,603,054 | Kinetic Concepts, Inc., Dollar Term F, 5.000%, 11/01/20 | 6,497,405 | 0.8 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Health Care: (continued) | ||||||||||||
| 700,472 | Medpace Holdings, Inc., Term Loan B, 4.750%, 04/01/21 | 702,223 | 0.1 | |||||||||
| 3,262,594 | Multiplan, Inc, First Lien Term Loan, 5.000%, 06/07/23 | 3,302,502 | 0.4 | |||||||||
| 708,948 | NAPA, First Lien Term Loan, 6.000%, 04/19/23 | 714,117 | 0.1 | |||||||||
| 2,818,224 | NVA Holdings, Inc., First Lien Term Loan, 4.750%, 08/15/21 | 2,826,445 | 0.3 | |||||||||
| 2,101,482 | Onex Carestream Finance LP, First Lien, 5.000%, 06/07/19 | 1,880,826 | 0.2 | |||||||||
| 3,250,000 | Patterson Medical Holdings, Inc., Upsized First Lien Term Loan, 5.750%, 08/28/22 | 3,221,562 | 0.4 | |||||||||
| 4,459,721 | Pharmaceutical Product Development, Inc.,Term Loan B, 4.250%, 08/18/22 | 4,474,586 | 0.5 | |||||||||
| 1,991,438 | (1) | Precyse, First Lien Term Loan, 6.500%, 10/20/22 | 2,010,107 | 0.2 | ||||||||
| 1,150,000 | Press Ganey, First Lien Term Loan, 4.250%, 10/01/23 | 1,152,875 | 0.1 | |||||||||
| 225,000 | Press Ganey, Second Lien Term Loan, 8.250%, 10/01/24 | 228,938 | 0.0 | |||||||||
| 3,192,000 | Prospect Medical Holdings, Inc., Term Loan B, 7.000%, 07/01/22 | 3,152,100 | 0.4 | |||||||||
| 2,288,500 | Quorum Health, Term Loan B, 6.750%, 04/29/22 | 2,209,357 | 0.3 | |||||||||
| 2,901,238 | Schumacher Group, First Lien Term Loan, 5.000%, 07/31/22 | 2,898,821 | 0.3 | |||||||||
| 2,089,500 | Select Medical Corporation, Series F Tranche B, 6.000%, 03/03/21 | 2,110,395 | 0.2 | |||||||||
| 5,228,097 | Sivantos (Siemens Audiology),Term Loan B USD, 4.250%, 01/17/22 | 5,273,843 | 0.6 | |||||||||
| 4,875,750 | Sterigenics International LLC, Term Loan B, 4.250%, 05/08/22 | 4,869,533 | 0.6 | |||||||||
| 5,765,444 | Surgery Center Holdings, Inc., First Lien Term Loan, 4.750%, 11/03/20 | 5,769,047 | 0.7 | |||||||||
| 6,952,487 | U.S. Renal Care, Inc., First Lien Term Loan, 5.250%, 12/30/22 | 6,535,338 | 0.8 | |||||||||
| 2,790,797 | Valeant Pharmaceuticals International, Inc., First Lien Term Loan, 5.684%, 04/01/22 | 2,767,424 | 0.3 | |||||||||
| 1,891,684 | Vizient, Inc., Term Loan B-2, 5.000%, 02/11/23 | 1,905,576 | 0.2 | |||||||||
| 125,986,442 | 14.8 | |||||||||||
| Home Furnishings: 1.6% | ||||||||||||
| 1,910,213 | ADT fka Protection One, Inc., ADT First Lien Term Loan B-1, 4.750%, 05/02/22 | 1,926,927 | 0.2 | |||||||||
| 3,299,063 | Hillman Group (The), Inc., Term Loan B, 4.500%, 06/30/21 | 3,312,466 | 0.4 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Home Furnishings: (continued) | ||||||||||||
| 906,805 | Hunter Fan Company, First Lien Term Loan, 6.500%, 12/20/17 | 905,672 | 0.1 | |||||||||
| 7,100,000 | (1) | Serta Simmons Bedding, LLC, First Lien Term Loan, 4.500%, 10/20/23 | 7,083,521 | 0.9 | ||||||||
| 13,228,586 | 1.6 | |||||||||||
| Industrial Equipment: 4.3% | ||||||||||||
| 2,256,452 | Accudyne Industries LLC, Term Loan, 4.000%, 12/13/19 | 2,021,404 | 0.2 | |||||||||
| 5,419,581 | Apex Tool Group, Term Loan B, 4.500%, 01/31/20 | 5,349,576 | 0.6 | |||||||||
| 901,666 | CeramTec GmbH, Dollar Term Loan B-1, 4.250%, 08/30/20 | 907,020 | 0.1 | |||||||||
| 102,143 | CeramTec GmbH, Dollar Term Loan B-2, 4.250%, 08/30/20 | 103,654 | 0.0 | |||||||||
| 272,860 | CeramTec GmbH, Dollar Term Loan B-3, 4.250%, 08/30/20 | 274,480 | 0.0 | |||||||||
| 4,342,796 | Doncasters Group Limited, First Lien Term Loan USD, 4.500%, 04/09/20 | 4,310,225 | 0.5 | |||||||||
| 1,877,023 | WTG Holdings III Corp., First Lien Term Loan, 4.750%, 01/15/21 | 1,880,543 | 0.2 | |||||||||
| 661,250 | Filtration Group Corporation, First Lien Term Loan, 4.250%, 11/30/20 | 663,041 | 0.1 | |||||||||
| 6,069,817 | Gardner Denver, Inc., Term Loan B USD, 4.250%, 07/30/20 | 5,903,845 | 0.7 | |||||||||
| 1,200,000 | Global Brass and Copper, Inc., Term Loan B, 5.250%, 06/30/23 | 1,206,720 | 0.2 | |||||||||
| 1,259,078 | Kenan Advantage Group, Inc.,Term Loan B, 4.000%, 07/31/22 | 1,257,307 | 0.2 | |||||||||
| 386,637 | Kenan Advantage Group, Inc.,Term Loan Canada Borrower, 4.000%, 07/31/22 | 386,093 | 0.1 | |||||||||
| 841,593 | MKS Instruments, Term Loan B, 4.434%, 04/29/23 | 847,906 | 0.1 | |||||||||
| 6,685,867 | Rexnord Corporation / RBS Global, Inc., First Lien Term Loan, 4.000%, 08/21/20 | 6,706,760 | 0.8 | |||||||||
| 4,521,000 | (1) | Vertiv, Term Loan B, 6.000%, 09/29/23 | 4,485,207 | 0.5 | ||||||||
| 36,303,781 | 4.3 | |||||||||||
| Leisure Goods/Activities/Movies: 4.3% | ||||||||||||
| 7,331,250 | 24 Hour Fitness Worldwide, Inc, Term Loan B, 4.750%, 05/28/21 | 7,129,641 | 0.8 | |||||||||
| 650,000 | Cirque Du Soleil,Second Lien Term Loan, 9.250%, 07/10/23 | 632,937 | 0.1 | |||||||||
| 5,749,027 | Delta2 Sarl Luxembourg (Formula One World Championship), Facility B3, 4.750%, 07/30/21 | 5,782,562 | 0.7 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Leisure Goods/Activities/Movies: (continued) | ||||||||||||
| 1,000,000 | Delta2 Sarl Luxembourg (Formula One World Championship), Second Lien Facility, 7.750%, 08/08/22 | 1,007,188 | 0.1 | |||||||||
| 2,222,116 | Equinox Holdings, Inc., First Lien Term Loan, 5.000%, 01/31/20 | 2,238,319 | 0.3 | |||||||||
| 8,273,152 | Fitness International, LLC., Term Loan B, 6.000%, 07/01/20 | 8,286,595 | 1.0 | |||||||||
| 1,741,184 | Life Time Fitness, Upsized Term Loan B, 4.250%, 06/10/22 | 1,744,177 | 0.2 | |||||||||
| 2,035,714 | NEP/NCP Holdco, Inc., Second Lien, 10.000%, 07/22/20 | 2,045,893 | 0.2 | |||||||||
| 4,757,610 | NEP/NCP Holdco, Inc., Term Loan B with Add-On, 4.500%, 01/22/20 | 4,750,179 | 0.6 | |||||||||
| 1,775,000 | UFC Holdings (fka Zuffa), First Lien Term Loan, 5.000%, 08/04/23 | 1,790,347 | 0.2 | |||||||||
| 1,260,000 | Winnebago, Term Loan B, 5.500%, 11/08/23 | 1,260,000 | 0.1 | |||||||||
| 36,667,838 | 4.3 | |||||||||||
| Lodging & Casinos: 5.5% | ||||||||||||
| 9,798,591 | Amaya Gaming Group Inc., First Lien Term Loan B, 5.000%, 08/01/21 | 9,813,289 | 1.1 | |||||||||
| 939,772 | American Casino and Entertainment Properties LLC,Term Loan, 4.750%, 07/07/22 | 945,058 | 0.1 | |||||||||
| 5,122,307 | Aristocrat Leisure Limited, Term Loan B, 3.684%, 10/20/21 | 5,158,163 | 0.6 | |||||||||
| 5,857,203 | CityCenter Holdings, LLC, Term Loan, 4.250%, 10/16/20 | 5,910,287 | 0.7 | |||||||||
| 839,375 | Eldorado Resorts, Inc.,Term Loan B, 4.250%, 07/23/22 | 845,139 | 0.1 | |||||||||
| 1,916,706 | Global Cash Access, Inc., Term Loan B, 6.250%, 12/18/20 | 1,862,799 | 0.2 | |||||||||
| 1,387,594 | Golden Nugget, Inc., Delayed Draw Term Loan, 5.500%, 11/21/19 | 1,403,639 | 0.2 | |||||||||
| 3,237,719 | Golden Nugget, Inc., Term Loan, 4.500%, 11/21/19 | 3,275,156 | 0.4 | |||||||||
| 794,000 | Horseshoe Baltimore, Funded Term Loan B, 8.250%, 07/02/20 | 786,060 | 0.1 | |||||||||
| 2,428,164 | La Quinta, First Lien Term Loan, 3.750%, 04/14/21 | 2,419,956 | 0.3 | |||||||||
| 4,322,272 | Scientific Games International, Inc., Term Loan B, 6.000%, 10/18/20 | 4,368,196 | 0.5 | |||||||||
| 1,965,000 | Scientific Games International, Inc., Term Loan B-2, 6.000%, 10/01/21 | 1,983,882 | 0.2 | |||||||||
| 4,788,000 | Station Casinos LLC, Term Loan, 3.934%, 06/01/23 | 4,819,112 | 0.6 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Lodging & Casinos: (continued) | ||||||||||||
| 3,467,541 | Twin River Management Group, Inc., Term Loan B, 5.250%, 07/10/20 | 3,493,114 | 0.4 | |||||||||
| 47,083,850 | 5.5 | |||||||||||
| Nonferrous Metals/Minerals: 0.7% | ||||||||||||
| 3,953,213 | Fairmount Minerals, Ltd., Tranche B-2 Term Loans, 4.500%, 09/05/19 | 3,795,084 | 0.5 | |||||||||
| 1,975,000 | Novelis Inc.,Term Loan B, 4.184%, 06/02/22 | 1,981,583 | 0.2 | |||||||||
| 5,776,667 | 0.7 | |||||||||||
| Oil & Gas: 2.4% | ||||||||||||
| 2,074,391 | Bronco Midstream Funding, LLC, Term Loan, 5.000%, 08/15/20 | 2,001,787 | 0.2 | |||||||||
| 2,416,471 | Energy Transfer Equity, L.P., New Term Loan, 4.184%, 12/02/19 | 2,423,159 | 0.3 | |||||||||
| 5,158,935 | FTS International, Inc. (fka FracTech), Term Loan, 5.750%, 04/16/21 | 3,082,464 | 0.4 | |||||||||
| 6,576,600 | Harvey Gulf International Marine, LLC, Upsized Term Loan B, 5.500%, 06/18/20 | 4,839,279 | 0.6 | |||||||||
| 4,472,931 | MEG Energy Corp., Term Loan, 3.750%, 03/31/20 | 4,196,728 | 0.5 | |||||||||
| 1,991,670 | (1) | Seventy Seven Energy Inc., Term Loan, 3.934%, 06/25/20 | 1,817,399 | 0.2 | ||||||||
| 1,989,822 | Southcross Energy Partners, L.P., Term Loan, 5.250%, 08/04/21 | 1,558,693 | 0.2 | |||||||||
| 372,228 | Southcross Holdings L.P., Exit Term Loan, 0.934%, 04/13/23 | 286,616 | 0.0 | |||||||||
| 20,206,125 | 2.4 | |||||||||||
| Property & Casualty Insurance: 0.3% | ||||||||||||
| 2,500,000 | (1) | BroadStreet Partners, Inc., Term Loan B, 5.250%, 11/08/23 | 2,506,250 | 0.3 | ||||||||
| Publishing: 1.6% | ||||||||||||
| 3,391,500 | Cengage Learning Acquisition, Inc., Term Loan B, 5.250%, 05/31/23 | 3,269,769 | 0.4 | |||||||||
| 2,992,500 | McGraw Hill Global Education, Term Loan B, 5.000%, 05/04/22 | 2,968,186 | 0.3 | |||||||||
| 3,355,013 | Merrill Communications, LLC,New First Lien Term Loan, 6.250%, 06/01/22 | 3,204,037 | 0.4 | |||||||||
| 1,281,637 | Nelson Canada, 10% Reinstated First Lien Term Loan, 0.934%, 10/01/20 | 672,860 | 0.1 | |||||||||
| 3,878,612 | Tribune Company,Term Loan B, 3.934%, 12/31/20 | 3,900,398 | 0.4 | |||||||||
| 14,015,250 | 1.6 | |||||||||||
| Radio & Television: 4.5% | ||||||||||||
| 2,489,623 | CBS Radio, Inc., Term Loan B, 4.500%, 10/10/23 | 2,507,518 | 0.3 | |||||||||
| 5,122,611 | Cumulus Media Holdings Inc., Term Loan, 4.250%, 12/23/20 | 3,115,188 | 0.4 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Radio & Television: (continued) | ||||||||||||
| 6,921,330 | iHeartCommunications, Inc., Term Loan E, 8.434%, 07/30/19 | 5,364,031 | 0.6 | |||||||||
| 2,533,787 | Learfield Communications, Inc, First Lien Term Loan, 6.816%, 10/09/20 | 2,544,872 | 0.3 | |||||||||
| 4,800,000 | (1) | Lions Gate Entertainment Corp, New Term Loan B, 3.934%, 10/15/23 | 4,802,002 | 0.6 | ||||||||
| 2,710,944 | Media General, Inc., Delayed Draw Term Loan B, 4.000%, 07/31/20 | 2,714,817 | 0.3 | |||||||||
| 320,727 | (1) | Nexstar Broadcasting, Inc., New Term Loan B - Mission, 3.934%, 09/30/23 | 322,503 | 0.0 | ||||||||
| 3,599,273 | (1) | Nexstar Broadcasting, Inc., New Term Loan B - Nexstar, 3.934%, 09/30/23 | 3,619,198 | 0.4 | ||||||||
| 1,563,333 | Salem Communications Corporation, Term Loan B, 4.500%, 03/13/20 | 1,530,113 | 0.2 | |||||||||
| 4,519,927 | Univision Communications, Inc., Term Loan-C3, 4.000%, 03/01/20 | 4,525,576 | 0.5 | |||||||||
| 7,162,959 | Univision Communications, Inc., Term Loan-C4, 4.000%, 03/01/20 | 7,172,406 | 0.9 | |||||||||
| 38,218,224 | 4.5 | |||||||||||
| Retailers (Except Food & Drug): 11.7% | ||||||||||||
| 1,417,375 | Abercrombie & Fitch Management Co., Term Loan B, 4.750%, 08/09/21 | 1,396,115 | 0.2 | |||||||||
| 6,484,309 | Academy Ltd.,Term Loan, 5.000%, 07/01/22 | 6,004,068 | 0.7 | |||||||||
| EUR 3,729,551 | Action Holding B.V., Term Loan B, 5.434%, 02/15/22 | 4,007,114 | 0.5 | |||||||||
| 5,543,520 | Ascena Retail Group, Inc.,Term Loan B, 5.434%, 08/21/22 | 5,398,003 | 0.6 | |||||||||
| 1,475,000 | (1) | Bass Pro Group, LLC, Asset Sale Facility, 5.684%, 10/01/18 | 1,480,531 | 0.2 | ||||||||
| 4,957,242 | Bass Pro Group, LLC, Term Loan B, 4.184%, 06/05/20 | 4,939,396 | 0.6 | |||||||||
| 4,466,250 | Belk, First Lien Term Loan, 5.750%, 12/12/22 | 3,986,128 | 0.5 | |||||||||
| 8,366,265 | BJs Wholesale Club, First Lien Term Loan, 4.500%, 09/26/19 | 8,385,089 | 1.0 | |||||||||
| 3,980,947 | BJs Wholesale Club, Second Lien Term Loan, 8.500%, 03/26/20 | 3,992,889 | 0.5 | |||||||||
| 5,621,750 | FullBeauty Brands (fka OneStopPlus), First Lien Term Loan, 5.750%, 10/14/22 | 5,242,282 | 0.6 | |||||||||
| 5,565,985 | Harbor Freight Tools USA, Inc., Term Loan B, 4.184%, 08/15/23 | 5,616,179 | 0.6 | |||||||||
| 1,152,074 | Hudson's Bay Company,Term Loan B, 4.250%, 09/30/22 | 1,162,155 | 0.1 | |||||||||
| 2,554,189 | J. Crew, Term Loan B, 4.000%, 03/05/21 | 1,658,095 | 0.2 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Retailers (Except Food & Drug): (continued) | ||||||||||||
| 4,860,000 | Jo-Ann Stores, Inc., Term Loan B, 6.000%, 10/15/23 | 4,841,775 | 0.6 | |||||||||
| 1,989,796 | Lands' End, Inc., Term Loan B, 4.250%, 04/04/21 | 1,517,219 | 0.2 | |||||||||
| 2,795,000 | Leslies Poolmart, Inc., Term Loan B, 5.500%, 08/16/23 | 2,815,381 | 0.3 | |||||||||
| 4,932,420 | Men's Wearhouse, Term Loan, 4.500%, 06/18/21 | 4,883,057 | 0.6 | |||||||||
| 6,664,468 | Neiman Marcus Group, Inc, Term Loan, 4.250%, 10/25/20 | 6,072,163 | 0.7 | |||||||||
| 4,186,202 | Party City Holdings Inc, Term Loan B, 3.934%, 08/11/22 | 4,204,144 | 0.5 | |||||||||
| 5,756,500 | Petco Animal Supplies, Inc., Term Loan B1, 5.000%, 01/26/23 | 5,806,869 | 0.7 | |||||||||
| 12,814,950 | PetSmart, Inc., Term Loan B, 4.000%, 03/11/22 | 12,866,645 | 1.5 | |||||||||
| 984,772 | rue21 inc., Term Loan B, 5.625%, 10/09/20 | 433,300 | 0.0 | |||||||||
| 3,174,794 | Savers, Term Loan B, 5.000%, 07/09/19 | 2,955,203 | 0.3 | |||||||||
| 99,663,800 | 11.7 | |||||||||||
| Surface Transport: 1.4% | ||||||||||||
| 2,164,525 | Goodpack Ltd., First Lien Term Loan, 4.750%, 09/09/21 | 2,137,469 | 0.3 | |||||||||
| 4,514,450 | Navistar Inc.,Term Loan B, 6.500%, 08/07/20 | 4,557,477 | 0.5 | |||||||||
| 1,650,077 | OSG Bulk Ships, Inc., First Lien Term Loan, 5.250%, 08/05/19 | 1,610,887 | 0.2 | |||||||||
| 1,191,000 | Quality Distribution, First Lien Term Loan, 5.750%, 08/18/22 | 1,128,472 | 0.1 | |||||||||
| 2,532,357 | XPO Logistics, Term Loan B, 4.250%, 10/31/21 | 2,562,112 | 0.3 | |||||||||
| 11,996,417 | 1.4 | |||||||||||
| Telecommunications: 9.7% | ||||||||||||
| EUR 1,856,297 | Altice International S.A., 2023 EUR Term Loan B, 4.000%, 06/09/23 | 1,998,874 | 0.2 | |||||||||
| 3,350,202 | Aricent Group, 2015 Upsized First Lien Term Loan, 5.500%, 04/14/21 | 3,124,063 | 0.4 | |||||||||
| 1,018,418 | Asurion, LLC, Incremental Tranche B-1 Term Loan, 5.000%, 05/24/19 | 1,024,783 | 0.1 | |||||||||
| 4,900,000 | (1) | Asurion, LLC, Incremental Tranche B-5 Term Loan, 4.750%, 11/03/23 | 4,940,577 | 0.6 | ||||||||
| 1,750,000 | Asurion, LLC, Second Lien Term Loan, 8.500%, 03/03/21 | 1,764,219 | 0.2 | |||||||||
| 6,679,741 | Asurion, LLC,Incremental Tranche B-4 Term Loan, 5.000%, 08/04/22 | 6,731,509 | 0.8 | |||||||||
| 3,364,262 | Avaya Inc., Term Loan B-6, 6.500%, 03/31/18 | 2,964,056 | 0.3 | |||||||||
| 7,608,241 | Avaya Inc., Term Loan B-7, 6.250%, 05/29/20 | 6,573,999 | 0.8 | |||||||||
| 1,881,000 | CommScope, Inc., Tranche 5 Term Loan, 3.684%, 10/18/22 | 1,893,909 | 0.2 | |||||||||
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Telecommunications: (continued) | ||||||||||||
| 9,973,750 | Communications Sales & Leasing, Inc., Term Loan B, 4.500%, 10/24/22 | 10,039,826 | 1.2 | |||||||||
| 3,220,000 | Consolidated Communications, Inc., Term Loan B, 4.000%, 10/04/23 | 3,246,832 | 0.4 | |||||||||
| 559,971 | Encompass Digital Media, Inc., First Lien, 5.500%, 06/05/21 | 544,572 | 0.1 | |||||||||
| 2,041,752 | Global Tel*Link Corporation, First Lien Term Loan, 5.000%, 05/23/20 | 2,015,379 | 0.2 | |||||||||
| 1,700,000 | Global Tel*Link Corporation, Second Lien Term Loan, 9.000%, 11/23/20 | 1,653,250 | 0.2 | |||||||||
| 3,109,430 | Hawaiian Telcom Communications, Inc., Term Loan B, 5.250%, 06/06/19 | 3,131,131 | 0.4 | |||||||||
| 3,500,000 | Level 3 Financing, Inc, Tranche B-II 2022 Term Loan, 3.684%, 05/31/22 | 3,521,511 | 0.4 | |||||||||
| 2,300,000 | Level 3 Financing, Inc., Term Loan B-4, 4.000%, 01/15/20 | 2,320,484 | 0.3 | |||||||||
| 4,696,892 | Lightower Fiber Networks, First Lien Term Loan, 4.184%, 04/13/20 | 4,708,616 | 0.6 | |||||||||
| 4,937,003 | Syniverse Holdings, Inc., Initial Term Loan, 4.000%, 04/23/19 | 4,463,362 | 0.5 | |||||||||
| 5,816,175 | U.S. Telepacific Corp, Term Loan B, 6.000%, 11/25/20 | 5,748,928 | 0.7 | |||||||||
| 4,232,500 | Windstream Corporation, Term Loan B-6, 4.934%, 03/29/21 | 4,254,987 | 0.5 | |||||||||
| 2,859,243 | XO Communications, First Lien Term Loan, 4.250%, 03/19/21 | 2,866,391 | 0.3 | |||||||||
| 2,737,695 | Zayo Group, LLC, Term Loan B, 3.750%, 05/06/21 | 2,750,242 | 0.3 | |||||||||
| 82,281,500 | 9.7 | |||||||||||
| Utilities: 3.6% | ||||||||||||
| 1,985,000 | Aclara Technologies LLC, Term Loan, 6.750%, 08/15/23 | 2,009,813 | 0.2 | |||||||||
| 2,979,987 | Calpine Corp, Term Loan B-6, 4.000%, 01/15/23 | 3,003,455 | 0.4 | |||||||||
| 950,000 | Dayton Power and Light Company, Term Loan, 4.184%, 08/30/22 | 958,906 | 0.1 | |||||||||
| 5,425,000 | Dynegy Inc., Term Loan C, 5.000%, 06/30/23 | 5,460,604 | 0.6 | |||||||||
| 2,377,243 | TPF II Power, LLC, Term Loan, 5.000%, 09/30/21 | 2,390,615 | 0.3 | |||||||||
| 2,134,403 | Linden Power Complex, Term Loan, 5.250%, 06/15/23 | 2,160,639 | 0.3 | |||||||||
| 2,419,375 | Longview Power, LLC, Term Loan, 7.000%, 04/13/21 | 2,141,147 | 0.3 | |||||||||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
| Principal
Amount† | Borrower/Tranche Description | Fair Value | Percentage
of Net Assets | |||||||||
| SENIOR LOANS*: (continued) | ||||||||||||
| Utilities: (continued) | ||||||||||||
| 2,360,000 | MRP Generation Holdings, LLC (fka TPF Generation Holdings, LLC), Term Loan, 8.000%, 09/30/22 | 2,295,100 | 0.3 | |||||||||
| 1,588,000 | RISEC, Term Loan, 5.750%, 12/19/22 | 1,580,060 | 0.2 | |||||||||
| 1,974,000 | Southeast PowerGen, LLC, Term Loan B, 4.500%, 12/02/21 | 1,939,455 | 0.2 | |||||||||
| 5,292,857 | Texas Competitive Electric Holdings Company LLC, Term Loan B, 5.000%, 08/04/23 | 5,337,518 | 0.6 | |||||||||
| 1,207,143 | Texas Competitive Electric Holdings Company LLC, Term Loan C, 5.000%, 08/04/23 | 1,217,329 | 0.1 | |||||||||
| 30,494,641 | 3.6 | |||||||||||
| Total Senior Loans | ||||||||||||
| (Cost $1,225,598,517) | 1,209,060,738 | 142.3 | ||||||||||
| Shares | Value | Percentage
of Net Assets | ||||||||||
| EQUITIES AND OTHER ASSETS: 0.6% | ||||||||||||
| 154 | @ | AR Broadcasting (Warrants) | – | 0.0 | ||||||||
| 888,534 | @,R | Ascend Media (Residual Interest) | – | 0.0 | ||||||||
| 3,160 | Caribe Media Inc. | – | 0.0 | |||||||||
| 178,416 | @ | Cengage Learning | 3,360,108 | 0.4 | ||||||||
| 60,946 | @ | Everyware Global, Inc. | 479,950 | 0.1 | ||||||||
| 291 | @,R | Lincoln Paper & Tissue, LLC | – | 0.0 | ||||||||
| 5,933,579 | @,R | Lincoln Pulp and Eastern Fine (Residual Interest in Bankruptcy Estate) | – | 0.0 | ||||||||
| 205,396 | @ | Longview Power, LLC | 537,521 | 0.1 | ||||||||
| 75,853 | @ | Millennium Health LLC | 123,261 | 0.0 | ||||||||
| 209,262 | Nelson Education Ltd. | 18,834 | 0.0 | |||||||||
| 106,702 | @ | Northeast Biofuels (Residual Interest) | – | 0.0 | ||||||||
| 407 | @ | Southcross Holdings G.P. | – | 0.0 | ||||||||
| 407 | @ | Southcross Holdings L.P. Class A | 144,485 | 0.0 | ||||||||
| Total Equities and Other Assets | ||||||||||||
| (Cost $9,241,741) | 4,664,159 | 0.6 | ||||||||||
| Total Long-Term Investments | ||||||||||||
| (Cost $1,234,840,258) | 1,213,724,897 | 142.9 | ||||||||||
| Principal Amount† | Value | Percentage of Net Assets | ||||||||||
| SHORT-TERM INVESTMENTS: 0.5% | ||||||||||||
| Loans: 0.5% | ||||||||||||
| 1,030,000 | Energy Future Intermediate Holding Company LLC, First Lien DIP, 4.250%, 06/30/17 | 1,036,437 | 0.1 | |||||||||
| Principal Amount† | Value | Percentage of Net Assets | ||||||||||
| SHORT-TERM INVESTMENTS: (continued) | ||||||||||||
| Loans: (continued) | ||||||||||||
| 3,632,201 | Fram Group Holdings Inc., First Lien Term Loan, 7.000%, 07/31/17 | 3,601,934 | 0.4 | |||||||||
| 4,638,371 | 0.5 | |||||||||||
| Total Short-Term Investments | ||||||||||||
| (Cost $4,660,587) | 4,638,371 | 0.5 | ||||||||||
| Total Investments (Cost $1,239,500,845) | $ | 1,218,363,268 | 143.4 | |||||||||
| Liabilities in Excess of Other Assets | (368,611,032 | ) | (43.4 | ) | ||||||||
| Net Assets | $ | 849,752,236 | 100.0 | |||||||||
| * | Senior loans, while exempt from registration under the Securities Act of 1933, as amended, contain certain restrictions on resale and cannot be sold publicly. These senior loans bear interest (unless otherwise noted) at rates that float periodically at a margin above the London Inter-Bank Offered Rate (“LIBOR”) and other short-term rates. |
| † | Unless otherwise indicated, principal amount is shown in USD. |
| @ | Non-income producing security |
| R | Restricted Security |
| (1) | Loans purchased on a when-issued or delayed-delivery basis. Contract rates that are not disclosed do not take effect until settlement date and have yet to be determined. |
| EUR | EU Euro |
| GBP | British Pound |
| Cost for federal income tax purposes is $1,239,533,439. | |
| Net unrealized depreciation consists of: |
| Gross Unrealized Appreciation | $ | 8,552,385 | ||
| Gross Unrealized Depreciation | (29,722,556 | ) | ||
| Net Unrealized Depreciation | $ | (21,170,171 | ) |
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of November 30, 2016 in valuing the assets and liabilities:
| Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at November 30, 2016 | |||||||||||||
| Asset Table | ||||||||||||||||
| Investments, at fair value | ||||||||||||||||
| Senior Loans | $ | – | $ | 1,209,060,738 | $ | – | $ | 1,209,060,738 | ||||||||
| Equities and Other Assets | – | 4,664,159 | – | 4,664,159 | ||||||||||||
| Short-Term Investments | – | 4,638,371 | – | 4,638,371 | ||||||||||||
| Total Investments, at fair value | $ | – | $ | 1,218,363,268 | $ | – | $ | 1,218,363,268 | ||||||||
| Other Financial Instruments+ | ||||||||||||||||
| Forward Foreign Currency Contracts | – | 67,986 | – | 67,986 | ||||||||||||
| Total Assets | $ | – | $ | 1,218,431,254 | $ | – | $ | 1,218,431,254 | ||||||||
| Liabilities Table | ||||||||||||||||
| Other Financial Instruments+ | ||||||||||||||||
| Unfunded commitments | $ | – | $ | (165 | ) | $ | – | $ | (165 | ) | ||||||
| Forward Foreign Currency Contracts | – | (26,270 | ) | – | (26,270 | ) | ||||||||||
| Total Liabilities | $ | – | $ | (26,435 | ) | $ | – | $ | (26,435 | ) | ||||||
| + | Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and may include open forward foreign currency contracts and unfunded commitments which are fair valued at the unrealized gain (loss) on the instrument. |
At November 30, 2016, the following forward foreign currency contracts were outstanding for the Voya Prime Rate Trust:
| Counterparty | Currency | Contract Amount | Buy/Sell | Settlement Date | In Exchange For | Fair Value | Unrealized Appreciation (Depreciation) |
|||||||||||||||
| State Street Bank and Trust Co. | EU Euro | 22,536,000 | Sell | 12/22/16 | $ | 23,978,191 | $ | 23,910,205 | $ | 67,986 | ||||||||||||
| State Street Bank and Trust Co. | British Pound | 2,733,500 | Sell | 12/22/16 | 3,395,961 | 3,422,231 | (26,270 | ) | ||||||||||||||
| $ | 41,716 | |||||||||||||||||||||
The following unfunded commitments were outstanding as of November 30, 2016:
| Borrower | Principal Amount | Unrealized Appreciation/(Depreciation) | ||||||
| Kenan Advantage Group, Inc. | $ | 88,245 | $ | (165 | ) | |||
| Voya Prime Rate Trust | PORTFOLIO
OF INVESTMENTS as of November 30, 2016 (Unaudited) (Continued) |
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of November 30, 2016 was as follows:
| Location on Statement | ||||||
| Derivatives not accounted for as hedging instruments | of Assets and Liabilities | Fair Value | ||||
| Asset Derivatives | ||||||
| Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 67,986 | |||
| Total Asset Derivatives | $ | 67,986 | ||||
| Liability Derivatives | ||||||
| Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 26,270 | |||
| Total Liability Derivatives | $ | 26,270 | ||||
The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at November 30, 2016:
| State Street Bank and Trust Co. | ||||
| Assets: | ||||
| Forward foreign currrency contracts | $ | 67,986 | ||
| Total Assets | $ | 67,986 | ||
| Liabilities: | ||||
| Forward foreign currency contracts | $ | 26,270 | ||
| Total Liabilities | $ | 26,270 | ||
| Net OTC derivative instruments by counterparty, at fair value | $ | 41,716 | ||
| Total collateral pledged by the Trust/(Received from counterparty) | $ | - | ||
| Net Exposure(1) | $ | 41,716 | ||
(1) Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Trust. Please refer to Note 2 for additional details regarding counterparty credit risk and credit related contingent features.
Item 2. 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- Q 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-Q and the officer certifications of such Form N-Q. |
| (b) | There were no significant changes in the registrant’s internal controls over financial reporting that occurred during the registrant’s last 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 3. Exhibits.
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.
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 Prime Rate Trust | |
| By | /s/ Shaun P. Mathews | |
| Shaun P. Mathews | ||
| President and Chief Executive Officer | ||
| Date: | January 26, 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: | January 26, 2017 | |
| By | /s/ Todd Modic | |
| Todd Modic | ||
| Senior Vice President and Chief Financial Officer | ||
| Date: | January 26, 2017 |