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: May 31, 2016

 

 
   

 

 

Item 1. Schedule of Investments

 

The schedules of investments as of the close of the reporting period are set forth below for:

 

Voya Prime Rate Trust

 

The schedules are not audited.

 

   

 

    

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited)

   

Principal
Amount†		      Borrower/Tranche
Description		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: 140.7%         
       Aerospace & Defense: 0.1%  
880,178      Transdigm, Inc., Term Loan C, 3.750%, 02/28/20  $881,966    0.1 
                  
       Automotive: 5.7%          
1,980,000      BBB Industries US Holdings, Inc., First Lien Term Loan, 6.000%, 11/03/21   1,980,620    0.2 
2,962,500      Dealer Tire, LLC, Term Loan B, 5.500%, 12/22/21   2,964,352    0.4 
2,673,000      Dynacast International LLC,First Lien Term Loan, 4.500%, 01/28/22   2,676,341    0.3 
2,086,551      Federal-Mogul Corporation, Term Loan C, 4.750%, 04/15/21   1,981,354    0.2 
3,632,201      Fram Group Holdings Inc., First Lien Term Loan, 7.000%, 07/31/17   3,376,130    0.4 
1,477,215      Fram Group Holdings Inc., Second Lien Term Loan, 11.000%, 01/29/18   1,155,921    0.1 
11,649,736      Gates Global LLC, First Lien Secured Term Loan, 4.250%, 07/05/21   11,271,120    1.4 
2,500,000      KAR Auction Services, Inc., Term Loan B-3, 4.250%, 03/09/23   2,519,250    0.3 
1,748,063      Key Safety Systems, Inc., First Lien Term Loan, 4.750%, 08/29/21   1,754,619    0.2 
EUR  1,240,625      Metaldyne Performance Group, Euro Term Loan B, 3.750%, 10/20/21   1,386,248    0.2 
5,877,938      Metaldyne Performance Group, Term Loan B, 3.750%, 10/20/21   5,883,187    0.7 
3,052,169      NN, Inc., Upsized Term Loan B, 5.750%, 10/30/22   3,052,169    0.4 
76,644      Service King, New Delayed Draw TL, 4.500%, 08/18/21   76,429    0.0 
4,526,294      Service King, Upsized Term Loan B, 4.500%, 08/18/21   4,513,566    0.5 
3,407,875      TI Group Automotive Systems, L.L.C.,Term Loan B, 4.500%, 06/30/22   3,424,914    0.4 
           48,016,220    5.7 
                  
       Beverage & Tobacco: 0.9%  
EUR  4,249,627      Jacobs Douwe Egberts, Term Loan B-1 EUR, 4.250%, 07/02/22   4,773,169    0.6 
2,484,867      Jacobs Douwe Egberts,TL B-1 USD, 4.250%, 07/02/22   2,494,185    0.3 
           7,267,354    0.9 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Building & Development: 1.8%  
3,678,724      Doosan Infracore Bobcat Holdings Co., Ltd., Term Loan B, 4.500%, 05/28/21  $3,685,621    0.5 
EUR  1,000,000   (1)  Konecranes Terex PLC, Term Loan B Euro, 4.500%, 12/31/22   1,100,954    0.1 
1,800,000   (1)  Konecranes Terex PLC, Term Loan B USD, 4.500%, 12/15/22   1,777,500    0.2 
859,375      Leighton Services, Term Loan B, 5.500%, 05/21/22   866,895    0.1 
1,764,269      Minimax Viking GmbH,Facility B1 Loan, 4.000%, 08/16/20   1,770,885    0.2 
3,080,646      NCI Building Systems, Inc., Term Loan, 4.250%, 06/24/19   3,066,928    0.4 
893,820      PrimeSource Building Products, Term Loan B, 4.500%, 05/06/22   893,262    0.1 
2,000,000      Quikrete Holdings, Term Loan B, 4.000%, 09/26/20   2,002,708    0.2 
           15,164,753    1.8 
                  
       Business Equipment & Services: 10.2%
6,304,320      Acosta, Inc., New Term Loan B, 4.250%, 09/26/21   6,272,798    0.7 
12,090,875      Advantage Sales & Marketing, Inc., First Lien Term Loan, 4.250%, 07/23/21   12,043,648    1.4 
2,900,000      Advantage Sales & Marketing, Inc., Second Lien Term Loan, 7.500%, 07/25/22   2,769,500    0.3 
7,173,987      AlixPartners LLP,Term Loan B, 4.500%, 07/28/22   7,206,866    0.9 
1,950,000      Allflex Holdings III, Inc., First Lien Term Loan, 4.250%, 07/17/20   1,947,563    0.2 
1,300,000      Allflex Holdings III, Inc., Second Lien Term Loan, 8.000%, 07/19/21   1,288,625    0.2 
1,488,750      Boyd Corporation, First Lien Term Loan, 5.250%, 04/15/22   1,458,975    0.2 
7,384,914      Coinmach Service Corp., Upsized Term Loan, 4.250%, 11/14/19   7,278,756    0.9 
2,297,248      First American Payment Systems, First Lien Term Loan, 5.750%, 10/12/18   2,234,074    0.3 
1,631,261      First American Payment Systems, Second Lien, 10.750%, 04/12/19   1,574,167    0.2 
3,000,000      First Data Corporation, 2021 Dollar Term Loan, 4.673%, 03/24/21   3,014,064    0.4 
3,825,000   (1)  First Data Corporation, Term Loan July 2022 Add-On, 4.423%, 07/08/22   3,837,638    0.5 
3,079,081      iQor, First Lien Term Loan, 6.000%, 04/01/21   2,555,637    0.3 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

   

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Business Equipment & Services: (continued)
2,500,000      iQor, Second Lien Term Loan, 9.750%, 04/01/22  $1,825,000    0.2 
4,958,875   (1)  Knowledge Universe Education, LLC,First Lien Term Loan, 6.000%, 08/13/22   4,958,875    0.6 
2,922,937      Learning Care Group, Term Loan, 5.000%, 05/01/21   2,922,938    0.3 
3,383,987      Legal Shield, First Lien Term Loan, 6.500%, 07/01/19   3,378,346    0.4 
2,000,000      Legal Shield, Second Lien Term Loan, 10.250%, 07/01/20   1,982,500    0.2 
2,561,000      Onsite Rental Group Operations Pty Ltd., Senior Secured Term Loan, 5.500%, 07/30/21   1,933,555    0.2 
2,250,000      Solera Management, USD Term Loan B, 5.750%, 03/01/23   2,268,884    0.3 
4,824,281      SourceHOV, First Lien Term Loan, 7.750%, 10/27/19   3,438,304    0.4 
2,300,000      SourceHOV, Second Lien Term Loan, 11.500%, 04/27/20   1,270,750    0.1 
4,314,737      SurveyMonkey.com, LLC, Term Loan B, 6.250%, 02/07/19   4,250,016    0.5 
576,573      Sutherland Global Services, Term Loan B Cayman, 6.000%, 04/22/21   577,293    0.1 
2,476,927      Sutherland Global Services, Term Loan B, 6.000%, 04/22/21   2,480,024    0.3 
140,516      Wash Multi-Family Services, CAD First Lien Term Loan, 4.250%, 05/26/22   139,638    0.0 
802,359      Wash Multi-Family Services, USD First Lien Term Loan, 4.250%, 05/26/22   797,344    0.1 
           85,705,778    10.2 
                  
       Cable & Satellite Television: 4.2%  
3,600,000      Charter Communications Operating, LLC, TLI, 3.500%, 01/24/23   3,622,500    0.4 
3,280,613      Liberty Cablevision of Puerto Rico LLC., First Lien Term Facility, 4.500%, 01/07/22   3,253,276    0.4 
250,000      Liberty Cablevision of Puerto Rico LLC., Second Lien Facility, 7.750%, 07/01/23   240,417    0.0 
987,332      New Wave Communications, Term Loan B with Add On, 4.750%, 04/30/20   937,965    0.1 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Cable & Satellite Television: (continued)
EUR  1,000,000      Numericable (YPSO France SAS), Term Loan B7 EUR, 4.500%, 04/12/23  $1,118,492    0.1 
2,150,000      Numericable (YPSO France SAS), Term Loan B7 USD, 5.000%, 01/08/24   2,160,079    0.3 
2,985,000      Numericable (YPSO France SAS),USD Add On, 4.563%, 07/27/22   2,988,033    0.4 
7,147,503      RCN Cable, Term Loan B, 4.250%, 02/25/20   7,167,609    0.9 
1,300,000   (1)  Telenet Group Holding NV, TLAD, 4.250%, 05/03/24   1,307,312    0.1 
GBP  2,750,000      Virgin Media Investment Holdings Limited, Term Loan E (GBP), 4.250%, 06/30/23   3,973,418    0.5 
8,124,208      Wideopenwest Finance, LLC,TLB, 4.500%, 04/01/19   8,128,441    1.0 
           34,897,542    4.2 
                  
       Chemicals & Plastics: 5.5%  
1,574,125      Monarch (Allnex S.a.r.l.), First Lien Term Loan B-1, 4.500%, 10/03/19   1,572,157    0.2 
816,733      Monarch (Allnex S.a.r.l.), First Lien Term Loan B-2, 4.500%, 10/03/19   815,712    0.1 
999,907      Aruba Investments, Inc (a.k.a Angus Chemical),US Term Loan, 4.500%, 02/02/22   1,001,157    0.1 
1,695,750      Azelis, TL B USD, 6.500%, 11/30/22   1,710,588    0.2 
2,575,709      Emerald Performance Materials LLC, First Lien Term Loan, 4.500%, 08/01/21   2,569,270    0.3 
1,000,000      Emerald Performance Materials LLC, Second Lien Term Loan, 7.750%, 08/01/22   962,500    0.1 
1,000,000      Ennis Flint (a.k.a Road Infrastructure Investment LLC), First Lien Term Facility, 4.250%, 03/31/21   995,000    0.1 
2,000,000      Flint Group Holdings S.A.R.L., Second Lien, 8.250%, 09/05/22   1,865,000    0.2 
3,845,967      Flint Group Holdings S.A.R.L., USD Term Loan B2, 4.500%, 09/07/21   3,775,458    0.4 
635,783      Flint Group Holdings S.A.R.L., USD Term Loan C, 4.500%, 09/07/21   623,067    0.1 
4,974,962      Ineos US Finance LLC, Incremental USD Term Loan, 4.250%, 03/31/22   4,980,405    0.6 
EUR  1,950,000      Inovyn Finance plc, TL B, 6.250%, 05/18/21   2,187,297    0.3 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Chemicals & Plastics: (continued)  
4,000,000   (1)  Kraton Polymers LLC, Term Loan Facility, 6.000%, 01/06/22  $3,962,500    0.5 
1,777,500      MacDermid, Inc. (a.k.a Platform Specialty Products Corp), Tranche B-2 Term Loan, 5.500%, 06/07/20   1,776,833    0.2 
832,319      MacDermid, Inc., First Lien Term Loan, 5.500%, 06/07/20   831,712    0.1 
EUR  825,000   (1)  Novacap, EUR TLB, 5.673%, 04/28/23   926,733    0.1 
1,821,012      Orion Engineered Carbons, Term Loan B (USD), 5.000%, 07/25/21   1,827,841    0.2 
2,286,375      Oxea S.a.r.l., First Lien Term Loan USD, 4.250%, 01/15/20   2,260,653    0.3 
765,000      PQ Corporation, Dollar Term Loan, 5.750%, 11/05/22   772,969    0.1 
2,125,604   (1)  Royal Adhesives & Sealants,First Lien Term Loan, 4.500%, 06/19/22   2,127,995    0.3 
325,000      Royal Adhesives & Sealants,Second Lien Term Loan, 8.500%, 06/19/23   311,797    0.0 
3,644,500      Solenis International, L.P., USD First Lien Term Loan, 4.250%, 07/31/21   3,624,000    0.4 
3,950,000      Styrolution Group GmbH, TL B-1 USD, 6.500%, 11/07/19   3,964,813    0.5 
998,938      Zep Inc, Term Loan, 5.500%, 06/26/22   1,002,997    0.1 
           46,448,454    5.5 
                  
       Clothing/Textiles: 0.7%  
4,938,071      Varsity Brands (fka Herff Jones, Inc.), First Lien Term Loan, 5.000%, 12/10/21   4,952,885    0.6 
673,816      Vince, LLC, Term Loan, 5.750%, 11/27/19   630,018    0.1 
           5,582,903    0.7 
                  
       Conglomerates: 1.0%  
2,955,000      Jason Incorporated, First Lien Term Loan, 5.500%, 06/30/21   2,888,512    0.3 
600,000      Jason Incorporated, Second Lien Term Loan, 9.000%, 06/30/22   459,000    0.1 
3,145,754      ServiceMaster Company, Term Loan, 4.250%, 07/01/21   3,165,396    0.4 
1,917,111      Waterpik, First Lien, 5.750%, 07/08/20   1,913,118    0.2 
           8,426,026    1.0 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Containers & Glass Products: 2.9%  
5,688,033      Berlin Packaging, LLC, First Lien Term Loan, 4.500%, 10/01/21  $5,701,070    0.7 
630,000      Berlin Packaging, LLC, Second Lien Term Facility, 7.750%, 09/30/22   622,125    0.1 
1,000,000      Berry Plastics Corporation, Term E Loan, 3.750%, 01/06/21   1,003,875    0.1 
72,615      Constantia Flexibles, Term Loan B1 USD, 4.750%, 04/30/22   72,796    0.0 
372,885      Constantia Flexibles, Term Loan B2 USD, 4.750%, 04/30/22   373,818    0.1 
2,455,817      Husky Injection Molding Systems, Ltd., Incremental Term Loan, 4.250%, 06/30/21   2,449,063    0.3 
924,384      Milacron LLC, Term Loan, 4.250%, 09/28/20   925,539    0.1 
1,990,766      Otter Products, Term Loan B, 5.750%, 06/03/20   1,682,197    0.2 
1,218,875      Peacock Engineering Company, LLC,First Lien Term Loan Facility, 5.250%, 07/29/22   1,212,272    0.2 
1,991,691      Prolampac Intermediate Inc,First Lien Term Facility, 5.750%, 08/18/22   1,980,488    0.2 
2,000,000      Reynolds Group Holdings Inc, USD Term Loan, 4.500%, 12/01/18   2,009,886    0.2 
2,673,000      SIG Combibloc Group AG, USD Term Loan, 4.250%, 03/10/22   2,680,728    0.3 
EUR  3,000,000      Verallia,EUR TL, 5.000%, 10/31/22   3,369,505    0.4 
           24,083,362    2.9 
                  
       Diversified Insurance: 7.2%  
3,875,752      Acrisure, LLC, First Lien Term Loan, 6.500%, 05/19/22   3,852,691    0.5 
6,952,487      Alliant Holdings, I, LLC,Term Loan B, 4.500%, 08/12/22   6,915,987    0.8 
950,000      AmWINS Group, Inc., Second Lien Term Loan, 9.500%, 09/06/20   954,750    0.1 
7,014,259      AmWINS Group, Inc., Term Loan B, 5.250%, 09/06/19   7,045,570    0.8 
4,494,427      Applied Systems Inc., First Lien Term Loan, 4.250%, 01/25/21   4,496,302    0.5 
1,890,671      Applied Systems Inc., Second Lien Term Loan, 7.500%, 01/24/22   1,885,945    0.2 
2,942,625      AssuredPartners, Inc., 1st Lien Term Loan, 5.750%, 10/21/22   2,949,982    0.4 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Diversified Insurance: (continued)  
9,716,252      Hub International Limited, Term Loan B, 4.250%, 10/02/20  $9,643,380    1.2 
6,972,393      National Financial Partners Corp., Term Loan B, 4.500%, 07/01/20   6,938,619    0.8 
3,302,303      Sedgwick Holdings, Inc., First Lien Term Loan, 3.750%, 02/28/21   3,259,647    0.4 
7,900,000      Sedgwick Holdings, Inc., Second Lien Term Loan, 6.750%, 02/28/22   7,643,250    0.9 
4,976,034      USI, Inc., Term Loan, 4.250%, 12/27/19   4,956,752    0.6 
           60,542,875    7.2 
                  
       Drugs: 0.6%          
931,251      Akorn, Inc., Term Loan, 5.250%, 04/16/21   934,743    0.1 
984,490      Alvogen Pharma U.S., Term Loan B, 6.000%, 03/31/22   984,490    0.1 
3,291,750      Endo Pharmaceuticals Holdings Inc.,Term loan B, 3.750%, 09/26/22   3,252,368    0.4 
           5,171,601    0.6 
                  
       Ecological Services & Equipment: 1.5%
5,140,247      4L Holdings Inc., Term Loan B, 5.500%, 05/08/20   4,619,797    0.6 
6,502,183      ADS Waste Holdings, Inc., B-2, 3.750%, 10/09/19   6,495,070    0.8 
1,237,500      Waste Industries USA, Inc., Term Loan B, 4.250%, 02/24/20   1,245,234    0.1 
           12,360,101    1.5 
                  
       Electronics/Electrical: 18.9%  
3,915,475      Accuvant Inc., First Lien Term Loan, 6.250%, 01/28/22   3,913,028    0.5 
2,883,648      Active Network, Inc., First Lien Term Loan, 5.500%, 11/13/20   2,815,161    0.3 
2,646,000      Aptean Holdings, Inc., First Lien Term Loan, 5.250%, 02/27/20   2,632,770    0.3 
700,000      Aptean Holdings, Inc., Second Lien Term Loan, 8.500%, 02/27/21   684,250    0.1 
1,801,630   (2)  Aspect Software, Inc., Term Loan, 12.327%, 05/07/16   1,792,622    0.2 
9,000,000      Avago Technologies, Term Loan B, 4.250%, 02/01/23   9,032,499    1.1 
1,925,000      Avast Software,Term Loan, 4.250%, 03/20/20   1,929,412    0.2 
6,759,379      Blackboard Inc., Term Loan B-3, 4.750%, 10/04/18   6,381,982    0.8 
5,494,894      Blue Coat Systems, Inc., Term Loan B, 4.500%, 05/20/22   5,484,591    0.6 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Electronics/Electrical: (continued)  
5,435,938   (1)  BMC Software, Inc., Term Loan U.S., 5.000%, 09/10/20  $4,865,165    0.6 
3,811,750      Compuware Corporation, Term Loan B-2, 6.250%, 12/15/21   3,602,104    0.4 
8,776,658      Dell International LLC,Term B Loans, 4.000%, 04/29/20   8,779,405    1.0 
2,203,601      ECI, Term Loan B, 5.750%, 05/28/21   2,206,355    0.3 
3,473,750      Epicor Software Corporation, Term Loan B, 4.750%, 06/01/22   3,410,788    0.4 
3,558,030      Epiq Systems, Inc., Term Loan, 4.500%, 08/27/20   3,549,135    0.4 
980,625      Eze Castle Software, Inc., Second Lien Term Loan, 7.250%, 04/05/21   951,206    0.1 
957,295      Eze Castle Software, Inc., Term Loan B-1, 4.000%, 04/06/20   956,697    0.1 
9,031,780      Go Daddy Operating Company, LLC, Term Loan, 4.250%, 05/13/21   9,071,294    1.1 
5,781,004      Hyland Software, Inc.,1st Lien Term Loan, 4.750%, 07/01/22   5,794,555    0.7 
1,500,000      Hyland Software, Inc.,2nd Lien Term Loan, 8.250%, 06/30/23   1,457,500    0.2 
1,840,126      Infor (US), Inc., Term Loan B5, 3.750%, 06/03/20   1,809,303    0.2 
6,069,500      Informatica Corporation,Term Loan B, 4.250%, 08/05/22   6,017,909    0.7 
8,863,008      Kronos Incorporated, Upsized Term Loan, 4.500%, 10/30/19   8,878,935    1.1 
1,346,625      Linxens,TL B-1 USD, 5.000%, 10/16/22   1,343,258    0.2 
1,802,776      M/A-COM Technology Solutions Holdings, Inc., Term Loan B, 4.500%, 05/07/21   1,811,790    0.2 
1,375,000      Micron Technology, Inc., Term Loan B, 6.673%, 04/20/22   1,390,183    0.2 
2,592,232      Microsemi Corporation, Term Loan B, 5.250%, 01/15/23   2,621,664    0.3 
2,025,895      NXP Semiconductors, Tranche B Loan, 3.750%, 12/07/20   2,035,867    0.2 
2,332,480      Omnitracs Inc., Upsized First Lien Term Loan, 4.750%, 11/25/20   2,299,681    0.3 
575,000      Omnitracs Inc., Upsized Second Lien Term Loan, 8.750%, 05/25/21   527,084    0.1 
4,050,000      ON Semiconductor Corporation, Term Loan B, 5.250%, 03/31/23   4,087,969    0.5 

 

   

 

   

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Electronics/Electrical: (continued)  
6,161,498      RedPrairie Corporation, First Lien Term Loan, 6.000%, 12/21/18  $5,899,634    0.7 
4,877,237      Riverbed Technology, Inc., First Lien Term Loan, 5.750%, 04/24/22   4,902,004    0.6 
996,273      Rovi Solutions Corporation, Term Loan B, 3.750%, 07/02/21   990,669    0.1 
3,934,937      Skillsoft Corp., First Lien Term Loan, 5.750%, 04/28/21   3,197,136    0.4 
5,000,000      SolarWinds Holdings, Inc., Term Loan, 6.500%, 01/31/23   5,017,190    0.6 
3,531,614      SS&C Technologies Inc.,TLB-1, 4.000%, 07/06/22   3,549,587    0.4 
485,490      SS&C Technologies Inc.,TLB-2, 4.000%, 07/06/22   487,961    0.1 
5,089,309      TTM Technologies, Term Loan B, 6.000%, 05/31/21   5,025,693    0.6 
11,500,000      Western Digital, USD Term Loan B, 6.250%, 04/29/23   11,498,206    1.4 
5,331,818      Zebra Technologies, Term Loan B, 4.750%, 10/27/21   5,361,479    0.6 
           158,063,721    18.9 
                  
       Equity REITs and REOCs: 0.4%  
3,150,000      Capital Automotive L.P., Second Lien Term Loan, 6.000%, 04/30/20   3,167,064    0.4 
                  
       Financial Intermediaries: 3.1%
1,975,000      Duff & Phelps, Add On Term Loan, 4.750%, 04/23/20   1,970,886    0.2 
3,685,842      Duff & Phelps, Add-On Term Loan, 4.750%, 04/23/20   3,688,146    0.5 
6,982,500      First Eagle Investment Management, Inc., TLB, 4.750%, 12/01/22   6,973,772    0.8 
5,383,638      LPL Holdings, Inc., TL B New, 4.750%, 11/20/22   5,400,462    0.7 
1,236,750      MoneyGram International, Inc., Term Loan B, 4.250%, 03/27/20   1,176,845    0.1 
3,500,000      NorthStar Asset Management, Term Loan B, 4.625%, 01/31/23   3,491,250    0.4 
3,017,471      Santander Asset Management, Term Loan B-1 USD, 4.250%, 12/17/20   3,022,501    0.4 
           25,723,862    3.1 
                  
       Food Products: 5.3%  
5,234,184      Advance Pierre Foods, First Lien Term Loan B, 5.750%, 07/10/17   5,248,673    0.6 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Food Products: (continued)  
4,000,000      Advance Pierre Foods, Second Lien Term Loan, 9.500%, 10/10/17  $4,015,000    0.5 
1,968,849      Atkins Nutritionals Holdings II, Inc., First Lien Term Loan, 6.250%, 01/02/19   1,968,849    0.2 
490,000      Atrium Innovations, Inc., USD First Lien Term Loan, 4.250%, 02/15/21   471,013    0.0 
6,435,135      CSM Bakery Supplies, First Lien Term Loan, 5.000%, 07/03/20   6,419,047    0.8 
4,030,061      Del Monte Foods Consumer Products, Inc., First Lien, 4.250%, 02/18/21   3,930,990    0.5 
3,700,000      Del Monte Foods Consumer Products, Inc., Second Lien, 8.250%, 08/18/21   2,787,332    0.3 
4,678,994      Hostess,First Lien Term Loan, 4.500%, 08/03/22   4,699,464    0.6 
5,985,000      JBS USA, Inc. (FKA Swift),TLB, 4.000%, 10/30/22   5,982,456    0.7 
5,141,667      Keurig Green Mountain, Inc., USD Term Loan B, 5.250%, 03/03/23   5,166,306    0.6 
3,913,439      NPC International , Term Loan, 4.750%, 12/28/18   3,918,330    0.5 
           44,607,460    5.3 
                  
       Food Service: 2.3%          
4,738,226      CEC Entertainment, Inc., First Lien Term Loan, 4.000%, 02/14/21   4,635,170    0.5 
2,264,615      Manitowoc Foodservice, Inc., Term Loan B, 5.750%, 03/03/23   2,286,791    0.3 
4,008,238      P.F. Chang's China Bistro, Inc., Term Loan, 4.250%, 06/30/19   3,832,877    0.5 
8,436,345      Restaurant Brands International (F.K.A. Burger King Corporation),TL B, 3.750%, 12/12/21   8,466,226    1.0 
           19,221,064    2.3 
                  
       Food/Drug Retailers: 2.3%  
845,968      Albertsons LLC, Term Loan B3, 5.125%, 08/25/19   847,753    0.1 
4,851,000      Albertsons LLC, Term Loan B4, 5.500%, 08/25/21   4,867,843    0.6 
1,220,000      NBTY, Inc., USD Term Loan B, 5.000%, 05/09/23   1,228,082    0.2 
2,460,025      Portillo Restaurant Group (The), First Lien Term Loan, 4.750%, 08/04/21   2,450,800    0.3 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Food/Drug Retailers: (continued)  
775,000      Portillo Restaurant Group (The), Second Lien Term Loan, 8.000%, 08/04/22  $740,125    0.1 
6,664,562   (1)  Supervalu, Term Loan, 5.500%, 03/21/19   6,672,373    0.8 
2,057,494      TGI Friday's, Inc., First Lien Term Loan, 5.250%, 07/15/20   2,058,780    0.2 
           18,865,756    2.3 
                  
       Forest Products: 0.2%  
1,650,000      Blount International, Inc., Term Loan B USD, 7.250%, 03/31/23   1,672,687    0.2 
                  
       Health Care: 15.5%          
2,294,250      Acadia, New Term Loan B, 4.500%, 02/16/23   2,309,066    0.3 
1,625,886      Aegis Sciences, First Lien Term Loan, 5.500%, 02/24/21   1,489,718    0.2 
7,900,362      Air Medical Group Holdings, Inc., Term Loan B, 4.250%, 04/28/22   7,837,160    0.9 
1,000,000      ATI Physical Therapy, First Lien Term Loan, 5.500%, 05/09/23   1,005,313    0.1 
2,520,834      CareCore National, LLC, Term Loan B, 5.500%, 03/05/21   2,356,980    0.3 
6,603,053      Catalent Pharma Solutions, Inc., USD Term Loan, 4.250%, 05/20/21   6,633,487    0.8 
5,609,398      CHG Medical Staffing, Inc., New First Lien Term, 4.250%, 11/19/19   5,621,671    0.7 
6,974,422      CHS/Community Health Systems, Inc., Term Loan H, 4.000%, 01/27/21   6,882,011    0.8 
1,687,250      Concentra Inc, Term Loan B, 4.000%, 06/01/22   1,693,577    0.2 
6,275,688      Connolly / iHealth Technologies, First Lien, 4.500%, 05/14/21   6,273,071    0.7 
2,000,000      Connolly / iHealth Technologies, Second Lien, 8.000%, 05/14/22   1,950,000    0.2 
987,469      Correct Care Solutions, First Lien Term Loan, 5.000%, 07/22/21   720,852    0.1 
3,691,562      DJO Finance LLC, First Lien Term Loan, 4.250%, 06/08/20   3,618,887    0.4 
3,523,227      Healogics, Inc., First Lien Term Loan, 5.250%, 07/01/21   3,317,706    0.4 
2,500,000      Healogics, Inc., Second Lien Term Loan, 9.000%, 07/01/22   2,225,000    0.3 
7,037,949      Iasis Healthcare LLC, Term B-2, 4.500%, 05/03/18   7,058,478    0.8 
5,764,458      Immucor, Inc., Term B-2 Loan, 5.000%, 08/17/18   5,471,433    0.7 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Health Care: (continued)  
6,636,235      Kinetic Concepts, Inc., E-1, 4.500%, 05/04/18  $6,644,530    0.8 
1,655,660      Medpace Holdings, Inc., Term loan B, 4.750%, 04/05/21   1,662,904    0.2 
1,719,138      Multiplan, Inc, Term Loan, 3.750%, 04/01/21   1,724,644    0.2 
774,436      NAPA, First Lien Term Loan, 6.000%, 04/10/23   779,760    0.1 
2,832,579      NVA Holdings, Inc., First Lien Term Loan, 4.750%, 08/15/21   2,831,397    0.3 
2,164,213      Onex Carestream Finance LP, First Lien, 5.000%, 06/07/19   2,138,963    0.3 
4,205,910      Pharmaceutical Product Development, Inc.,Term B, 4.250%, 08/18/22   4,218,002    0.5 
2,947,500      Phillips-Medisize Corporation, First Lien Term Loan, 4.750%, 06/16/21   2,945,658    0.3 
750,000      Phillips-Medisize Corporation, Second Lien Term Loan, 8.250%, 06/16/22   712,500    0.1 
1,425,000      Precyse, First lien term loan, 6.500%, 10/19/22   1,428,563    0.2 
2,300,000      Quorum Health, Term B, 6.750%, 04/29/22   2,302,157    0.3 
2,915,891   (1)  Schumacher Group, First Lien Term Loan, 5.000%, 07/31/22   2,930,470    0.3 
2,100,000      Select Medical Corporation, Series F Tranche B, 6.000%, 03/03/21   2,117,010    0.3 
5,254,568      Sivantos (Siemens Audiology),TL B USD, 4.250%, 01/17/22   5,251,284    0.6 
4,900,375      Sterigenics International LLC, Term Loan B, 4.250%, 05/08/22   4,900,375    0.6 
5,794,769      Surgery Center Holdings, Inc., First Lien Term Loan, 5.250%, 11/03/20   5,814,691    0.7 
1,089,000      Surgical Care Affiliates LLC, Term Loan B, 4.250%, 03/17/22   1,089,454    0.1 
5,985,000      U.S. Renal Care, Inc., First Lien Term Loan, 5.250%, 12/30/22   5,945,098    0.7 
4,820,427      Valeant Pharmaceuticals International, Inc., F1 Term Loan, 5.000%, 04/01/22   4,766,197    0.6 
2,150,000      Vizient, Inc., Term loan B, 6.250%, 02/15/23   2,171,947    0.3 
EUR  798,000      VWR International Inc., Euro Term Loan B, 4.000%, 01/25/22   893,999    0.1 
           129,734,013    15.5 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Home Furnishings: 2.2%  
1,815,000      ADT fka Protection One, Inc., ADT First Lien Term Loan B-1, 5.500%, 04/21/22  $1,836,836    0.2 
9,031,161      AOT Bedding Super Holdings, LLC, Term Loan B, 4.250%, 10/01/19   9,061,497    1.1 
3,315,938      Hillman Group (The), Inc., Term Loan B, 4.500%, 06/30/21   3,307,647    0.4 
1,119,691      Hunter Fan Company, First Lien Term Loan, 6.500%, 12/20/17   1,116,892    0.1 
885,444      Monitronics International, Inc., Term Loan B, 4.250%, 03/23/18   866,075    0.1 
2,475,000      Monitronics International, Inc., Term Loan B-1, 4.500%, 04/02/22   2,341,969    0.3 
           18,530,916    2.2 
                  
       Industrial Equipment: 4.2%  
2,256,452      Accudyne Industries LLC, Term Loan, 4.000%, 12/13/19   2,059,013    0.3 
5,447,662      Apex Tool Group, Term Loan B, 4.500%, 01/31/20   5,361,409    0.6 
946,110      CeramTec GmbH, Dollar Term B-1 Loan, 4.250%, 08/30/20   947,589    0.1 
102,669      CeramTec GmbH, Dollar Term B-2 Loan, 4.250%, 08/30/20   102,830    0.0 
288,733      CeramTec GmbH, Dollar Term B-3 Loan, 4.250%, 08/30/20   289,184    0.0 
4,365,857      Doncasters Group Limited, First Lien Term Loan USD, 4.500%, 04/09/20   4,251,253    0.5 
664,656      Filtration Group Corporation, First Lien Term Loan, 4.250%, 11/30/20   665,819    0.1 
6,101,105      Gardner Denver, Inc., Term Loan B USD, 4.250%, 07/30/20   5,657,506    0.7 
1,193,765      Kenan Advantage Group, Inc.,Term Loan B, 4.000%, 07/31/22   1,192,272    0.2 
388,589      Kenan Advantage Group, Inc.,Term Loan Canada Borrower, 4.000%, 07/31/22   388,103    0.1 
1,045,000      MKS Instruments, Term Loan B, 4.750%, 04/19/23   1,056,103    0.1 
7,056,557      Rexnord Corporation / RBS Global, Inc., First Lien Term Loan, 4.000%, 08/21/20   7,031,195    0.8 
3,000,000      Sensus Metering Systems Inc., New Term Loan, 6.500%, 04/05/23   3,007,500    0.4 
575,266      VAT Holding,Term Loan B, 4.250%, 02/11/21   569,992    0.1 

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Industrial Equipment: (continued)  
1,886,674      WTG Holdings III Corp., First Lien Term Loan, 4.750%, 01/15/21  $1,886,674    0.2 
325,000      WTG Holdings III Corp., Second Lien Term Loan, 8.500%, 01/15/22   312,000    0.0 
           34,778,442    4.2 
                  
       Leisure Goods/Activities/Movies: 4.0%
7,368,750      24 Hour Fitness Worldwide, Inc, Term Loan B, 4.750%, 05/28/21   7,103,844    0.8 
650,000      Cirque Du Soleil,Second Lien Term Loan, 9.250%, 07/10/23   596,524    0.1 
5,749,027      Delta2 Sarl Luxembourg (Formula One World Championship), Facility B3, 4.750%, 07/30/21   5,689,381    0.7 
2,000,000      Delta2 Sarl Luxembourg (Formula One World Championship), Second Lien Facility, 7.750%, 08/08/22   1,923,334    0.2 
2,233,482      Equinox Holdings, Inc., First Lien Term Loan, 5.000%, 01/31/20   2,234,181    0.3 
8,273,152      Fitness International, LLC., Term Loan B, 5.500%, 07/01/20   8,228,336    1.0 
2,035,714      NEP/NCP Holdco, Inc., Second Lien, 10.000%, 07/22/20   1,923,750    0.2 
5,784,497      NEP/NCP Holdco, Inc., Term Loan B with Add-On, 4.500%, 01/22/20   5,647,115    0.7 
           33,346,465    4.0 
                  
       Lodging & Casinos: 6.3%  
9,848,204      Amaya Gaming Group Inc., First Lien Term Loan B, 5.000%, 08/01/21   9,555,495    1.2 
1,070,474      American Casino and Entertainment Properties LLC,Term Loan, 4.750%, 07/07/22   1,078,502    0.1 
4,362,205      Aristocrat Leisure Limited, Term Loan B, 4.750%, 10/20/21   4,391,514    0.5 
1,047,413      Cannery Casino Resorts, LLC, First Lien Term Loan, 6.000%, 10/02/18   1,050,687    0.1 
5,857,203      CityCenter Holdings, LLC, Term Loan, 4.250%, 10/16/20   5,885,271    0.7 
843,625      Eldorado Resorts, Inc.,Term Loan B, 4.250%, 07/23/22   846,437    0.1 
2,942,860      Global Cash Access, Inc., Term Loan B, 6.250%, 12/18/20   2,769,967    0.3 
1,426,031      Golden Nugget, Inc., Delayed Draw Term Loan, 5.500%, 11/21/19   1,431,379    0.2 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Lodging & Casinos: (continued)  
3,327,406      Golden Nugget, Inc., Term Loan, 5.500%, 11/21/19  $3,339,884    0.4 
798,000      Horseshoe Baltimore, Funded Term Loan B, 8.250%, 07/02/20   754,110    0.1 
3,442,983      La Quinta, First Lien Term Loan, 3.750%, 04/14/21   3,409,607    0.4 
4,344,495      Scientific Games International, Inc., Term Loan B, 6.000%, 10/18/20   4,311,911    0.5 
1,975,000      Scientific Games International, Inc., Term Loan B-2, 6.000%, 10/01/21   1,961,422    0.3 
8,218,255      Station Casinos LLC, Term Loan, 4.250%, 03/02/20   8,243,938    1.0 
3,487,397      Twin River Management Group, Inc., Term Loan B, 5.250%, 07/10/20   3,514,096    0.4 
           52,544,220    6.3 
                  
       Mortgage REITs: 1.0%  
5,314,862      DTZ,First Lien Term Loan B, 4.250%, 11/04/21   5,310,435    0.6 
3,000,000      International Market Centers, Second Lien Term Loan, 8.750%, 08/11/21   2,880,000    0.4 
           8,190,435    1.0 
                  
       Nonferrous Metals/Minerals: 0.5%  
3,179,418      Fairmount Minerals, Ltd., Tranche B-2 Term Loans, 4.500%, 09/05/19   2,389,864    0.3 
1,985,000      Novelis Inc.,Term Loan B, 4.000%, 06/02/22   1,982,022    0.2 
           4,371,886    0.5 
                  
       Oil & Gas: 2.1%  
2,113,710      Bronco Midstream Funding, LLC, Term Loan, 5.000%, 08/15/20   1,870,633    0.2 
1,766,118      Chelsea Petroleum Products I, LLC,Term Loan, 5.250%, 10/28/22   1,761,702    0.2 
895,498      CITGO, Term Loan B, 4.500%, 07/29/21   889,901    0.1 
2,416,471      Energy Transfer Equity, L.P., New Term Loan, 4.000%, 12/02/19   2,359,080    0.3 
3,158,935      FTS International, Inc. (fka FracTech), Term Loan, 5.750%, 04/16/21   931,886    0.1 
6,610,500      Harvey Gulf International Marine, LLC, Upsized Term Loan B, 5.500%, 06/18/20   3,900,195    0.5 
2,000,000      MEG Energy Corp., Term Loan, 3.750%, 03/31/20   1,765,626    0.2 
1,271,860   (1)  Seventy Seven Energy Inc., Term Loan, 3.750%, 06/25/21   1,081,081    0.1 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Oil & Gas: (continued)  
2,000,000   (1)  Southcross Energy Partners, L.P., Term Loan, 5.250%, 08/01/21  $1,638,750    0.2 
361,989      Southcross Holdings L.P., Exit Term Loan, 0.673%, 04/14/23   300,451    0.0 
1,467,133      Western Refining, Inc., Term Loan, 4.250%, 11/12/20   1,455,213    0.2 
           17,954,518    2.1 
                  
       Publishing: 2.3%  
3,873,059      Cengage Learning Acquisition, Inc., First Lien Term Loan, 7.000%, 03/31/20   3,873,663    0.5 
131,328      HIBU PLC (fka Yell Group PLC), Facility A2, 5.673%, 03/03/19   383,696    0.0 
3,000,000      McGraw Hill Global Education, Term Loan B, 5.000%, 05/02/22   3,018,750    0.3 
3,372,000      Merrill Communications, LLC,New First Lien Term Loan, 6.250%, 05/29/22   3,119,100    0.4 
1,255,970      Nelson Canada, 10% Reinstated 1st Lien TL, 0.673%, 10/01/20   565,186    0.1 
3,691,114      Penton Media, Inc, First Lien, 4.750%, 09/30/19   3,698,035    0.4 
1,087,509      Penton Media, Inc., Second Lien, 9.000%, 09/30/20   1,075,275    0.1 
3,898,250      Tribune Company,Term Loan B, 3.750%, 12/31/20   3,911,212    0.5 
           19,644,917    2.3 
                  
       Radio & Television: 3.3%  
5,122,611      Cumulus Media Holdings Inc., Term Loan, 4.250%, 12/23/20   3,646,659    0.4 
6,921,330      iHeartCommunications, Inc., Term Loan E, 8.173%, 07/30/19   5,329,424    0.6 
2,546,519   (1)  Learfield Communications, Inc, First Lien Term Loan, 4.500%, 10/01/20   2,552,886    0.3 
2,939,876      Media General, Inc., DDTerm Loan-B, 4.000%, 07/31/20   2,943,918    0.4 
1,589,239      Salem Communications Corporation, Term Loan B, 4.500%, 03/14/20   1,543,549    0.2 
4,544,242      Univision Communications, Inc., Term Loan-C3, 4.000%, 03/01/20   4,547,486    0.5 
7,201,195      Univision Communications, Inc., Term Loan-C4, 4.000%, 03/01/20   7,210,837    0.9 
           27,774,759    3.3 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Retailers (Except Food & Drug): 11.2%
1,417,375      Abercrombie & Fitch Management Co., Term Loan B, 4.750%, 08/07/21  $1,398,772    0.2 
7,521,743      Academy Ltd.,Term Loan, 5.000%, 07/01/22   7,307,057    0.9 
EUR  3,729,551      Action Holding B.V., TL B, 5.423%, 02/15/22   4,206,744    0.5 
5,968,876      Ascena Retail Group, Inc.,TLB, 5.250%, 08/21/22   5,778,618    0.7 
4,982,406      Bass Pro Group, LLC, Term Loan B, 4.000%, 06/05/20   4,920,126    0.6 
4,488,750      Belk, 1st Lien Term Loan, 5.750%, 12/12/22   3,669,553    0.4 
8,410,174      BJs Wholesale Club, First Lien Term Loan, 4.500%, 09/26/19   8,378,636    1.0 
3,980,947      BJs Wholesale Club, Second Lien Term Loan, 8.500%, 03/26/20   3,866,494    0.5 
3,650,000      FullBeauty Brands (F.K.A. OneStopPlus), 1st Lien TL, 5.750%, 10/14/22   3,507,424    0.4 
5,579,935      Harbor Freight Tools USA, Inc., Term Loan, 4.750%, 07/26/19   5,618,297    0.7 
1,152,074      Hudson's Bay Company,TL-B, 4.750%, 09/30/22   1,156,934    0.1 
1,960,000      J. Crew, Term Loan B, 4.000%, 03/05/21   1,466,499    0.2 
2,000,000   (1)  Lands' End, Inc., TLB, 4.250%, 04/04/21   1,697,500    0.2 
4,500,528      Leslies Poolmart, Inc., Term Loan, 4.250%, 10/16/19   4,491,153    0.5 
4,298,094   (1)  Men's Wearhouse, Term Loan, 4.500%, 06/18/21   4,108,260    0.5 
6,698,732      Neiman Marcus Group, Inc, Term Loan, 4.250%, 10/25/20   6,156,557    0.7 
4,550,353      Party City Holdings Inc,TL-B, 4.250%, 08/19/22   4,549,784    0.6 
5,785,500      Petco Animal Supplies, Inc., TL-B1, 5.750%, 01/31/23   5,834,573    0.7 
11,880,000      PetSmart, Inc., Term Loan-B, 4.250%, 03/11/22   11,894,850    1.4 
989,848      rue21 inc., Term Loan B, 5.625%, 10/10/20   618,655    0.1 
3,191,329      Savers, Term Loan B, 5.000%, 07/09/19   2,747,202    0.3 
           93,373,688    11.2 
                  
       Surface Transport: 1.3%  
2,175,513      Goodpack Ltd., First Lien Term Loan, 4.750%, 09/09/21   2,107,528    0.2 
800,000      Goodpack Ltd., Second Lien Term Loan, 8.000%, 09/09/22   704,000    0.1 
2,537,250      Navistar Inc.,Term Loan B, 6.500%, 08/07/20   2,411,973    0.3 

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Surface Transport: (continued)  
1,719,658      OSG Bulk Ships, Inc., First Lien Term Loan, 5.250%, 08/05/19  $1,659,470    0.2 
1,197,000      Quality Distribution,First Lien Term Loan, 5.750%, 08/18/22   1,089,270    0.1 
690,231      V.Group, Term Loan B, 4.750%, 06/30/21   688,505    0.1 
2,094,750      XPO Logistics, Term Loan B, 5.500%, 10/31/21   2,115,044    0.3 
           10,775,790    1.3 
                  
       Telecommunications: 10.3%  
EUR  1,865,625      Altice International S.A.,EUR Add On, 4.500%, 07/17/22   2,093,951    0.2 
3,367,309      Aricent Group, 2015 Upsized First Lien Term Loan, 5.500%, 04/14/21   3,109,148    0.4 
4,950,964      Asurion, LLC, Incremental Tranche B-1 Term Loan, 5.000%, 05/24/19   4,963,960    0.6 
1,750,000      Asurion, LLC, Second Lien Term Loan, 8.500%, 03/03/21   1,715,437    0.2 
6,739,611      Asurion, LLC,Incremental Tranche B-4 Term Loan, 5.000%, 08/04/22   6,723,463    0.8 
3,364,262      Avaya Inc., Term B-6 Loan, 6.500%, 03/31/18   2,674,588    0.3 
7,654,121      Avaya Inc., Term B-7 Loan, 6.250%, 05/29/20   5,610,471    0.7 
1,890,500      CommScope, Inc., Tranche 5 Term Loan, 3.750%, 12/29/22   1,896,015    0.2 
10,024,250      Communications Sales & Leasing, Inc., Term Loan B, 5.000%, 10/24/22   9,958,471    1.2 
3,880,675      Consolidated Communications, Inc., Term Loan B, 4.250%, 12/23/20   3,890,377    0.5 
562,836      Encompass Digital Media, Inc., First Lien, 5.500%, 06/05/21   551,579    0.1 
3,220,935      Global Tel*Link Corporation, First Lien Term Loan, 5.000%, 05/23/20   3,005,535    0.4 
1,700,000      Global Tel*Link Corporation, Second Lien Term Loan, 9.000%, 11/23/20   1,428,000    0.2 
3,125,464      Hawaiian Telcom Communications, Inc., Term Loan B, 5.250%, 06/06/19   3,126,858    0.4 
5,500,000      Level 3 Financing, Inc, Tranche B-II 2022 Term Loan, 3.500%, 05/31/22   5,511,456    0.7 
2,300,000      Level 3 Financing, Inc., Term Loan B-4, 4.000%, 01/15/20   2,310,637    0.3 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description
(continued)		   Fair Value    Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)         
       Telecommunications: (continued)  
4,721,166      Lightower Fiber Networks, First Lien Term Loan, 4.000%, 04/11/20  $4,731,944    0.6 
1,184,770      Securus Technologies, Inc., Upsized First Lien Term Loan, 4.750%, 04/30/20   1,130,714    0.1 
4,937,003      Syniverse Holdings, Inc., Initial Term Loan, 4.000%, 04/23/19   3,770,636    0.4 
2,892,750      T-Mobile USA, Inc., Term Loan B, 3.500%, 11/09/22   2,915,713    0.3 
5,845,838      U.S. Telepacific Corp, Term Loan B, 6.000%, 11/21/20   5,587,645    0.7 
3,500,000      Windstream Corporation, Term Loan B-6, 5.750%, 04/01/21   3,518,960    0.4 
2,873,906      XO Communications, First Lien Term Loan, 4.250%, 03/19/21   2,874,265    0.3 
2,737,695      Zayo Group, LLC, Term Loan B, 3.750%, 05/06/21   2,745,517    0.3 
           85,845,340    10.3 
                  
       Utilities: 1.7%          
2,995,000   (1)  Calpine Corp, Term Loan B-6, 4.000%, 01/15/23   2,991,879    0.4 
1,030,000      Energy Future Intermediate Holding Company LLC, First Lien DIP, 4.250%, 12/19/16   1,030,858    0.1 
2,431,625      Longview Power, LLC, Term Loan, 7.000%, 04/15/21   2,176,305    0.3 
1,969,697      TPF Generation Holdings, LLC, Term Loan, 4.750%, 12/31/17   1,895,833    0.2 
1,596,000      RISEC, Term Loan, 5.750%, 12/19/22   1,588,020    0.2 
2,073,750      Southeast PowerGen, LLC, Term Loan B, 4.500%, 12/02/21   1,993,392    0.2 
2,501,976      TPF II Power, LLC, Term Loan, 5.500%, 09/30/21   2,507,188    0.3 
           14,183,475    1.7 
                  
    Total Senior Loans          
    (Cost $1,205,230,850)   1,176,919,413    140.7 
                  
OTHER CORPORATE DEBT: –%         
       Publishing: –%          
645,834   &  HIBU PLC (fka Yell Group PLC), Facility B2, 0.673%, 03/03/24   –    0.0 
                  
    Total Other Corporate Debt          
    (Cost $436,063)   –    0.0 

 

Shares          Value    Percentage
of Net
Assets		 
EQUITIES AND OTHER ASSETS: 0.7%      
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   3,835,944    0.5 
246,734   @  Eagle Topco 2013 LTD   –    0.0 
60,946   @  Everyware Global, Inc.   441,859    0.1 
8   @  Faith Media Holdings, Inc. (Residual Interest)   –    0.0 
535,170   @  Fontainebleau Las Vegas, LLC (Delayed Draw Term Loan-Residual Interest)   –    0.0 
1,070,339   @  Fontainebleau Las Vegas, LLC (Term Loan B-Residual Interest)   –    0.0 
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   1,026,980    0.1 
75,853   @  Millennium Health LLC   293,930    0.0 
209,262      Nelson Education Ltd.   41,852    0.0 
106,702   @  Northeast Biofuels (Residual Interest)   –    0.0 
407   @  Southcross Holdings G.P.   –    0.0 
407   @  Southcross Holdings L.P.- Class A   122,100    0.0 
    Total Equities and Other Assets          
    (Cost $9,775,981)   5,762,665    0.7 
                  
    Total Investments
(Cost $1,215,442,894)		  $1,182,682,078    141.4 
    Liabilities in Excess of Other Assets   (346,157,488)   (41.4)
    Net Assets  $836,524,590    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
   
& Payment-in-kind
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.
(2) The borrower filed for protection under Chapter 11 of the U.S. Federal Bankruptcy code.

    

EUR EU Euro
GBP British Pound

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

 

  Cost for federal income tax purposes is $1,215,465,528.
   
  Net unrealized depreciation consists of:

 

Gross Unrealized Appreciation  $5,975,902 
Gross Unrealized Depreciation   (38,759,352)
      
Net Unrealized Depreciation  $(32,783,450)

 

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of May 31, 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
May 31, 2016		 
Asset Table                    
Investments, at fair value                    
Equities and Other Assets  $–   $5,762,665   $–   $5,762,665 
Other Corporate Debt   –    –    –    – 
Senior Loans   –    1,176,919,413    –    1,176,919,413 
Total Investments, at fair value  $–   $1,182,682,078   $–   $1,182,682,078 
Other Financial Instruments+                    
Forward Foreign Currency Contracts   –    334,277    –    334,277 
Total Assets  $–   $1,183,016,355   $–   $1,183,016,355 
Liabilities Table                    
Other Financial Instruments+                    
Unfunded commitments  $–   $(200)  $–   $(200)
Forward Foreign Currency Contracts   –    (25,762)   –    (25,762)
Total Liabilities  $–   $(25,962)  $–   $(25,962)

    

+ 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 May 31, 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  EU Euro  18,096,000   Sell  06/23/16  $20,483,366   $20,149,089   $334,277 
State Street Bank  British Pound  2,732,600   Sell  06/23/16   3,932,564    3,958,326    (25,762)
                         $308,515 

 

   

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of May 31, 2016 (Unaudited) (Continued)

 

The following unfunded commitments were outstanding as of May 31, 2016:

 

Borrower  Principal Amount   Fair Value   Unrealized Appreciation/(Depreciation) 
Kenan Advantage Group, Inc.  $159,734   $(200)  $(200)

 

A summary of derivative instruments by primary risk exposure is outlined in the following tables.

 

The fair value of derivative instruments as of May 31, 2016 was as follows:

      

   Location on Statement    
   of Assets and Liabilities  Fair Value 
Derivatives not accounted for as hedging instruments        
         
Asset Derivatives        
         
Foreign exchange contracts  Unrealized appreciation on forward foreign currency contracts  $334,277 
Total Asset Derivatives     $334,277 
         
Liability Derivatives        
         
Foreign exchange contracts  Unrealized depreciation on forward foreign currency contracts  $25,762 
Total Liability Derivatives     $25,762 

  

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 May 31, 2016:

 

   State Street Bank 
Assets:     
Forward foreign currrency contracts  $334,277 
Total Assets  $334,277 
      
Liabilities:     
Forward foreign currency contracts  $25,762 
Total Liabilities  $25,762 
      
Net OTC derivative instruments by counterparty, at fair value  $308,515 
      
Total collateral pledged by the Trust/(Received from counterparty)  $- 
      
Net Exposure(1)  $308,515 

 

(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: July 27, 2016  

 

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: July 27, 2016  
     
By /s/ Todd Modic  
  Todd Modic  
  Senior Vice President and Chief Financial Officer  
     
Date: July 27, 2016