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, 2015

 

 

 

 

 

 

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.

 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: 140.2%     
        Aerospace & Defense: 0.5% 
1,200,000   (1)  Computer Sciences Government Services Inc., Term Loan B, 3.750%, 10/06/22  $1,201,500    0.1 
2,129,741      Custom Sensors & Technologies, First Lien Term Loan, 4.500%, 09/30/21   2,127,079    0.3 
884,727      Transdigm, Inc., Term Loan C, 3.750%, 02/28/20   865,803    0.1 
           4,194,382    0.5 
                  
        Air Transport: 0.2% 
1,984,962      United Airlines, Inc., New Term Loan, 3.500%, 09/15/21   1,978,347    0.2 
                   
        Automotive: 5.7% 
1,990,000      BBB Industries US Holdings, Inc., First Lien Term Loan, 6.000%, 11/03/21   1,992,487    0.2 
2,977,500      Dealer Tire, LLC, Term Loan B, 5.500%, 12/22/21   2,984,944    0.4 
2,686,500      Dynacast International LLC,First Lien Term Loan, 4.500%, 01/28/22   2,661,282    0.3 
7,114,962      Federal-Mogul Corporation, Term Loan C, 4.750%, 04/15/21   6,409,393    0.8 
3,783,228      Fram Group Holdings Inc., First Lien Term Loan, 7.000%, 07/31/17   2,903,628    0.4 
1,477,215      Fram Group Holdings Inc., Second Lien Term Loan, 11.000%, 01/29/18   716,449    0.1 
11,880,000      Gates Global LLC, First Lien Secured Term Loan, 4.250%, 07/05/21   11,027,610    1.3 
3,762,000      Key Safety Systems, Inc., First Lien Term Loan, 4.750%, 08/29/21   3,673,830    0.4 
EUR1,246,875      Metaldyne Performance Group, Euro Term Loan B, 3.750%, 10/20/21   1,315,739    0.2 
5,908,857      Metaldyne Performance Group, Term Loan B, 3.750%, 10/20/21   5,837,460    0.7 
2,065,000   (1)  NN, Inc., Upsized Term Loan B, 5.750%, 10/30/22   2,046,931    0.2 
2,623,500      Service King, Upsized Term Loan B, 4.500%, 08/18/21   2,612,568    0.3 
3,125,000      TI Group Automotive Systems, L.L.C.,Term Loan B, 4.500%, 06/30/22   3,095,703    0.4 
            47,278,024    5.7 
                   
        Beverage & Tobacco: 1.2% 
EUR7,780,013      Jacobs Douwe Egberts, Term Loan B-1 EUR, 4.250%, 07/02/22   8,223,399    1.0 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Beverage & Tobacco: (continued) 
1,945,003      Jacobs Douwe Egberts,TL B-1 USD, 4.250%, 07/02/22  $1,935,278    0.2 
            10,158,677    1.2 
                   
        Building & Development: 1.6% 
4,118,883      Doosan Infracore Bobcat Holdings Co., Ltd., Term Loan B, 4.500%, 05/27/21   4,113,632    0.5 
1,093,750      Leighton Services, Term Loan B, 5.500%, 05/21/22   1,093,750    0.1 
1,773,135      Minimax Viking GmbH,Facility B1 Loan, 4.000%, 08/16/20   1,768,702    0.2 
3,314,646      NCI Building Systems, Inc., Term Loan, 4.250%, 06/24/19   3,309,468    0.4 
897,940      PrimeSource Building Products, Term Loan B, 4.500%, 05/06/22   885,593    0.1 
2,000,000      Quikrete Holdings, Term Loan B, 4.000%, 09/23/20   1,991,876    0.3 
            13,163,021    1.6 
                   
        Business Equipment & Services: 10.7% 
6,336,160      Acosta, Inc., New Term Loan B, 4.250%, 09/26/21   6,093,276    0.7 
12,152,250      Advantage Sales & Marketing, Inc., First Lien Term Loan, 4.250%, 07/25/21   11,809,386    1.4 
2,900,000      Advantage Sales & Marketing, Inc., Second Lien Term Loan, 7.500%, 07/25/22   2,670,416    0.3 
3,200,000      AlixPartners LLP,Term Loan B, 4.500%, 07/27/22   3,191,200    0.4 
1,960,000      Allflex Holdings III, Inc., First Lien Term Loan, 4.250%, 07/17/20   1,937,950    0.2 
1,300,000      Allflex Holdings III, Inc., Second Lien Term Loan, 8.000%, 07/19/21   1,281,583    0.2 
1,496,250      Boyd Corporation, First Lien Term Loan, 5.250%, 04/15/22   1,453,233    0.2 
2,580,500      Central Security Group, Inc., First Lien Term Loan, 6.250%, 09/30/20   2,512,762    0.3 
7,422,306      Coinmach Service Corp., Upsized Term Loan, 4.250%, 11/14/19   7,255,304    0.9 
2,297,248      First American Payment Systems, First Lien Term Loan, 5.750%, 10/12/18   2,268,532    0.3 
1,631,261      First American Payment Systems, Second Lien, 10.750%, 04/12/19   1,606,793    0.2 
2,114,279      GCA Services, Replacement Term Loan, 4.250%, 11/01/19   2,108,334    0.3 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Business Equipment & Services: (continued) 
7,414,925      Interactive Data Corporation, Term Loan B, 4.750%, 05/01/21  $7,409,875    0.9 
EUR1,103,478      ION Trading Technologies Limited, Tranche B-1 Euro Term Loans, 4.500%, 06/10/21   1,167,337    0.1 
4,794,753      iQor, First Lien Term Loan, 6.000%, 04/01/21   3,835,803    0.5 
2,500,000      iQor, Second Lien Term Loan, 9.750%, 04/01/22   1,937,500    0.2 
3,225,000      Knowledge Universe Education, LLC,First Lien Term Loan, 6.000%, 08/11/22   3,168,562    0.4 
2,937,813      Learning Care Group, Term Loan, 5.000%, 05/01/21   2,937,812    0.4 
3,566,532      Legal Shield, First Lien Term Loan, 6.500%, 07/01/19   3,548,700    0.4 
2,000,000      Legal Shield, Second Lien Term Loan, 10.250%, 07/01/20   1,985,000    0.2 
2,574,000      Onsite Rental Group Operations Pty Ltd., Senior Secured Term Loan, 5.500%, 07/30/21   2,342,340    0.3 
4,950,406      SourceHOV, First Lien Term Loan, 7.750%, 10/27/19   4,504,870    0.6 
2,300,000      SourceHOV, Second Lien Term Loan, 11.500%, 04/27/20   2,012,500    0.2 
4,336,978      SurveyMonkey.com, LLC, Term Loan B, 6.250%, 02/07/19   4,206,869    0.5 
579,499      Sutherland Global Services, Term Loan B Cayman, 6.000%, 04/22/21   580,224    0.1 
2,489,501      Sutherland Global Services, Term Loan B, 6.000%, 04/22/21   2,492,612    0.3 
211,711      Miller Heiman, Inc., Term Loan B, 6.750%, 09/30/19   190,540    0.0 
EUR250,000      Vistra Group Ltd,EUR First Lien, 4.750%, 10/26/22   265,623    0.0 
600,000      Vistra Group Ltd,USD First Lien, 4.750%, 10/26/22   601,500    0.1 
141,224      Wash Multi-Family Services, CAD First Lien Term Loan, 4.250%, 05/26/22   138,400    0.0 
806,401      Wash Multi-Family Services, USD First Lien Term Loan, 4.250%, 05/26/22   790,273    0.1 
            88,305,109    10.7 
                   
        Cable & Satellite Television: 3.7% 
3,600,000      Charter Communications Operating, LLC,TLI, 3.500%, 01/23/23   3,591,843    0.4 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)     
        Cable & Satellite Television: (continued) 
3,280,613      Liberty Cablevision of Puerto Rico LLC., First Lien Term Facility, 4.500%, 01/07/22  $3,188,346    0.4 
250,000      Liberty Cablevision of Puerto Rico LLC., Second Lien Facility, 7.750%, 07/01/23   242,813    0.0 
992,399      New Wave Communications, Term Loan B with Add On, 4.750%, 04/30/20   978,133    0.1 
3,000,000      Numericable (YPSO France SAS),USD Add On, 4.000%, 07/27/22   2,934,375    0.4 
7,233,706      RCN Cable, Term Loan B, 4.250%, 02/25/20   7,194,145    0.9 
GBP2,750,000      Virgin Media Investment Holdings Limited, Term Loan E (GBP), 4.250%, 06/30/23   4,102,297    0.5 
8,165,239      Wideopenwest Finance, LLC,TLB, 4.500%, 04/01/19   8,000,236    1.0 
            30,232,188    3.7 
                   
        Chemicals & Plastics: 5.2% 
2,515,200      Armacell, First Lien Term Loan, 5.500%, 07/02/20   2,524,632    0.3 
1,004,944      Aruba Investments, Inc (a.k.a Angus Chemical),US Term Loan, 4.500%, 02/02/22   998,663    0.1 
1,701,575      AZ Chem US Inc., First Lien Senior Secured Term Loan, 4.500%, 06/13/21   1,701,257    0.2 
2,227,500      Emerald Performance Materials LLC, First Lien Term Loan, 4.500%, 08/01/21   2,215,899    0.3 
1,000,000      Emerald Performance Materials LLC, Second Lien Term Loan, 7.750%, 08/01/22   957,500    0.1 
2,000,000      Flint Group Holdings S.A.R.L., Second Lien, 8.250%, 09/05/22   1,942,500    0.2 
3,865,489      Flint Group Holdings S.A.R.L., USD Term Loan B2, 4.500%, 09/03/21   3,810,727    0.5 
639,010      Flint Group Holdings S.A.R.L., USD Term Loan C, 4.500%, 09/03/21   632,221    0.1 
762,611      Gemini HDPE LLC, Senior Secured Term Loan, 4.750%, 08/06/21   760,069    0.1 
1,989,995      Ineos US Finance LLC, Incremental USD Term Loan, 4.250%, 03/31/22   1,953,678    0.2 
328,518      Kleopatra Holdings 2 S.C.A (Kloeckner), Initial German Borrower Dollar Term Loans, 5.000%, 04/29/20   328,313    0.1 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Chemicals & Plastics: (continued) 
768,732      Kleopatra Holdings 2 S.C.A (Kloeckner), Initial US Borrower Dollar Term Loans, 5.000%, 04/29/20  $768,252    0.1 
886,500      Kronos Worldwide, Inc.,Term Loan B Facility, 4.000%, 02/21/20   806,715    0.1 
1,786,500      MacDermid, Inc. (a.k.a Platform Specialty Products Corp), Tranche B-2 Term Loan, 4.750%, 06/07/20   1,741,837    0.2 
836,598      MacDermid, Inc., First Lien Term Loan, 4.500%, 06/07/20   814,323    0.1 
1,582,410      Monarch (Allnex S.a.r.l.), First Lien Term Loan B-1, 4.500%, 10/03/19   1,579,443    0.2 
821,032      Monarch (Allnex S.a.r.l.), First Lien Term Loan B-2, 4.500%, 10/03/19   819,493    0.1 
EUR926,562      Monarch (Allnex S.a.r.l.), First Lien Term Loan Euro, 4.750%, 10/01/19   978,959    0.1 
1,981,985      Orion Engineered Carbons, Term Loan B (USD), 5.000%, 07/25/21   1,991,895    0.3 
2,298,100      Oxea S.a.r.l., First Lien Term Loan USD, 4.250%, 01/15/20   2,214,794    0.3 
1,989,783      PQ Corporation, First Lien Term Loan Facility, 4.000%, 08/07/17   1,982,944    0.2 
1,471,313      Royal Adhesives & Sealants,First Lien Term Loan, 4.500%, 06/19/22   1,464,324    0.2 
325,000      Royal Adhesives & Sealants,Second Lien Term Loan, 8.500%, 06/19/23   322,766    0.0 
3,663,000      Solenis International, L.P., USD First Lien Term Loan, 4.250%, 07/31/21   3,586,308    0.4 
3,970,000      Styrolution Group GmbH, TL B-1 USD, 6.500%, 11/07/19   4,003,082    0.5 
1,992,386   (1)  Tronox Pigments (Netherlands) BV, Term Loan, 4.250%, 03/19/20   1,822,411    0.2 
            42,723,005    5.2 
                   
        Clothing/Textiles: 0.6% 
3,960,549      Varsity Brands (fka Herff Jones, Inc.), First Lien Term Loan, 5.000%, 12/10/21   3,967,975    0.5 
673,816      Vince, LLC, Term Loan, 5.750%, 11/27/19   646,863    0.1 
            4,614,838    0.6 
                   
        Conglomerates: 1.1% 
2,970,000      Jason Incorporated, First Lien Term Loan, 5.500%, 06/30/21   2,895,750    0.3 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Conglomerates: (continued) 
600,000      Jason Incorporated, Second Lien Term Loan, 9.000%, 06/30/22  $537,000    0.1 
3,161,722      ServiceMaster Company, Term Loan, 4.250%, 07/01/21   3,149,866    0.4 
1,968,772      Waterpik, First Lien, 5.750%, 07/08/20   1,959,749    0.2 
517,584      WireCo WorldGroup, Inc., Term Loan B, 6.000%, 02/15/17   508,203    0.1 
            9,050,568    1.1 
                   
        Containers & Glass Products: 2.7% 
4,712,481   (1)  Berlin Packaging, LLC, First Lien Term Loan, 4.500%, 10/01/21   4,672,722    0.6 
630,000      Berlin Packaging, LLC, Second Lien Term Facility, 7.750%, 09/30/22   614,250    0.1 
1,000,000      Berry Plastics Corporation, Term E Loan, 3.750%, 01/06/21   990,278    0.1 
EUR674,335      Constantia Flexibles, Term Loan B1 Euro, 4.750%, 04/30/22   717,317    0.1 
72,981      Constantia Flexibles, Term Loan B1 USD, 4.750%, 04/30/22   73,620    0.0 
EUR100,665      Constantia Flexibles, Term Loan B2 Euro, 4.750%, 04/30/22   107,082    0.0 
374,769      Constantia Flexibles, Term Loan B2 USD, 4.750%, 04/30/22   378,048    0.0 
452,152      EveryWare, Inc.,Term Loan, 10.000%, 06/04/18   446,500    0.1 
2,465,060      Husky Injection Molding Systems, Ltd., Incremental Term Loan, 4.250%, 06/30/21   2,404,050    0.3 
924,384      Milacron LLC, Term Loan, 4.500%, 09/28/20   920,617    0.1 
2,925,833      Otter Products, Term Loan B, 5.750%, 06/03/20   2,838,974    0.3 
1,225,000   (1)  Peacock Engineering Company, LLC,First Lien Term Loan Facility, 5.250%, 07/29/22   1,222,958    0.1 
1,250,000      Prolampac Intermediate Inc,First Lien Term Facility, 5.000%, 08/12/22   1,245,312    0.2 
2,686,500      SIG Combibloc Group AG, USD Term Loan, 4.250%, 03/10/22   2,673,441    0.3 
EUR3,000,000      Verallia,EUR TL, 5.000%, 07/24/22   3,177,573    0.4 
            22,482,742    2.7 
                   
        Diversified Insurance: 7.3% 
2,892,750      Acrisure, LLC, First Lien Term Loan, 5.250%, 05/19/22   2,791,504    0.3 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Diversified Insurance: (continued) 
5,985,000      Alliant Holdings, I, LLC,Term Loan B, 4.500%, 08/12/22  $5,897,098    0.7 
950,000      AmWINS Group, Inc., Second Lien Term Loan, 9.500%, 09/06/20   952,969    0.1 
7,050,453      AmWINS Group, Inc., Term Loan B, 5.250%, 09/06/19   7,073,014    0.9 
4,697,318      Applied Systems Inc., First Lien Term Loan, 4.250%, 01/25/21   4,635,177    0.6 
1,911,551      Applied Systems Inc., Second Lien Term Loan, 7.500%, 01/24/22   1,856,594    0.2 
1,950,000      AssuredPartners, Inc., 1st Lien Term Loan, 5.750%, 10/22/22   1,950,000    0.2 
3,176,875      Cooper Gay Swett & Crawford, Ltd., First Lien Term Loan, 5.000%, 04/16/20   3,041,858    0.4 
1,400,000      Cooper Gay Swett & Crawford, Ltd., Second Lien Term Loan, 8.250%, 10/15/20   1,316,000    0.2 
9,765,825      Hub International Limited, Term Loan B, 4.000%, 10/02/20   9,505,400    1.1 
6,005,229      National Financial Partners Corp., Term Loan B, 4.500%, 07/01/20   5,902,017    0.7 
3,319,152      Sedgwick Holdings, Inc., First Lien Term Loan, 3.750%, 02/28/21   3,232,024    0.4 
7,900,000      Sedgwick Holdings, Inc., Second Lien Term Loan, 6.750%, 02/28/22   7,381,562    0.9 
5,001,553      USI, Inc., Term Loan, 4.250%, 12/27/19   4,928,095    0.6 
            60,463,312    7.3 
                   
        Drugs: 0.9% 
1,158,050      Akorn, Inc., Term Loan, 6.000%, 04/17/21   1,111,728    0.1 
3,017,492      Alvogen Pharma U.S., Term Loan B, 6.000%, 03/31/22   2,962,173    0.4 
3,300,000      Endo Pharmaceuticals Holdings Inc.,Term loan B, 3.750%, 09/26/22   3,249,124    0.4 
           7,323,025    0.9 
                   
        Ecological Services & Equipment: 1.5% 
5,197,500      4L Holdings Inc., Term Loan B, 5.500%, 05/08/20   4,937,625    0.6 
6,502,183      ADS Waste Holdings, Inc., B-2, 3.750%, 10/09/19   6,370,111    0.8 
1,243,750      Waste Industries USA, Inc., Term Loan B, 4.250%, 02/24/20   1,246,859    0.1 
            12,554,595    1.5 
                   
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
       Electronics/Electrical: 18.6% 
2,935,250      Accuvant Inc., First Lien Term Loan, 6.250%, 01/28/22  $2,918,739    0.3 
2,898,392      Active Network, Inc., First Lien Term Loan, 5.500%, 11/15/20   2,871,220    0.3 
2,659,500      Aptean Holdings, Inc., First Lien Term Loan, 5.250%, 02/27/20   2,604,095    0.3 
700,000      Aptean Holdings, Inc., Second Lien Term Loan, 8.500%, 02/27/21   674,917    0.1 
1,800,801      Aspect Software, Inc., Term Loan, 7.500%, 05/07/16   1,665,741    0.2 
862,831      Avago Technologies, Term Loan B, 3.750%, 05/06/21   860,764    0.1 
10,000,000   (1)  Avago Technologies, Term Loan B, 4.250%, 11/11/22   9,906,250    1.2 
1,975,000      Avast Software,Term Loan, 4.250%, 03/20/20   1,970,886    0.2 
6,793,604      Blackboard Inc., Term Loan B-3, 4.750%, 10/04/18   6,606,779    0.8 
3,250,000      Blue Coat Systems, Inc., Term Loan B, 4.500%, 05/22/22   3,181,344    0.4 
1,984,298      BMC Software, Inc., Term Loan U.S., 5.000%, 09/10/20   1,730,308    0.2 
3,831,050      Compuware Corporation, Term Loan B-2, 6.250%, 12/15/21   3,615,553    0.4 
9,801,284      Dell International LLC,Term B Loans, 4.000%, 04/29/20   9,772,498    1.2 
2,223,134      ECI, Term Loan B, 5.750%, 05/28/21   2,228,692    0.3 
3,491,250      Epicor Software Corporation, Term Loan B, 4.750%, 06/01/22   3,439,506    0.4 
3,575,758      Epiq Systems, Inc., Term Loan, 4.500%, 08/27/20   3,522,122    0.4 
980,625      Eze Castle Software, Inc., Second Lien Term Loan, 7.250%, 04/04/21   964,281    0.1 
957,295      Eze Castle Software, Inc., Term Loan B-1, 4.000%, 04/04/20   950,514    0.1 
1,395,000      FCI International S.A.S., Term Loan B, 6.250%, 12/31/20   1,395,000    0.2 
8,277,261      Freescale Semiconductor, Inc., Tranche B-4 Term Loan, 4.250%, 02/28/20   8,273,355    1.0 
4,189,810      Freescale Semiconductor, Inc., Tranche B-5 Term Loan, 5.000%, 01/15/21   4,191,700    0.5 
9,080,282      Go Daddy Operating Company, LLC, Term Loan, 4.250%, 05/13/21   9,060,105    1.1 
4,808,955      Hyland Software, Inc.,1st Lien Term Loan, 4.750%, 07/01/22   4,762,668    0.6 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
       Electronics/Electrical: (continued) 
1,500,000      Hyland Software, Inc.,2nd Lien Term Loan, 8.250%, 06/30/23  $1,426,875    0.2 
1,849,711      Infor (US), Inc., Term Loan B5, 3.750%, 06/03/20   1,769,943    0.2 
6,100,000      Informatica Corporation,Term Loan B, 4.500%, 08/05/22   5,941,510    0.7 
9,015,775      Kronos Incorporated, Upsized Term Loan, 4.500%, 10/30/19   8,974,925    1.1 
1,350,000      Linxens,TL B-1 USD, 5.000%, 10/16/22   1,340,999    0.2 
1,811,951      M/A-COM Technology Solutions Holdings, Inc., Term Loan B, 4.500%, 05/07/21   1,811,951    0.2 
4,790,000   (1)  NXP Semiconductors, Tranche B Loan, 3.750%, 11/05/20   4,770,840    0.6 
2,986,940      Omnitracs Inc., Upsized First Lien Term Loan, 4.750%, 11/25/20   2,953,337    0.4 
575,000      Omnitracs Inc., Upsized Second Lien Term Loan, 8.750%, 05/25/21   559,427    0.1 
3,861,503      Open Link Financial, Inc., Term Loan, 6.250%, 10/30/17   3,857,884    0.5 
8,198,116      RedPrairie Corporation, First Lien Term Loan, 6.000%, 12/21/18   7,457,728    0.9 
2,374,194      RedPrairie Corporation, Second Lien Term Loan, 11.250%, 12/20/19   1,969,097    0.2 
4,975,000      Riverbed Technology, Inc., First Lien Term Loan, 6.000%, 04/24/22   4,978,109    0.6 
1,001,343      Rovi Solutions Corporation, Term Loan B, 3.750%, 07/02/21   942,932    0.1 
3,954,962      Skillsoft Corp., First Lien Term Loan, 5.750%, 04/28/21   3,365,954    0.4 
3,684,978      SS&C Technologies Inc.,TLB-1, 3.750%, 07/06/22   3,683,662    0.4 
553,812      SS&C Technologies Inc.,TLB-2, 3.750%, 07/06/22   553,614    0.1 
5,536,125      TTM Technologies, Term Loan B, 6.000%, 05/31/21   5,107,075    0.6 
5,590,909      Zebra Technologies, Term Loan B, 4.750%, 10/27/21   5,615,805    0.7 
           154,248,704    18.6 
                  
       Equity REITs and REOCs: 0.3% 
2,150,000      Capital Automotive L.P., Second Lien Term Loan, 6.000%, 04/29/20   2,167,916    0.3 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
       Financial Intermediaries: 2.5% 
1,985,000      Duff & Phelps, Add On Term Loan, 4.750%, 04/23/20  $1,970,112    0.2 
3,704,779      Duff & Phelps, Add-On Term Loan, 4.750%, 04/23/20   3,658,469    0.5 
6,000,000   (1)  First Eagle Investment Management, Inc., TLB, 4.250%, 10/30/22   5,919,378    0.7 
2,400,000   (1)  LPL Holdings, Inc., TL B New, 4.750%, 11/20/22   2,394,000    0.3 
1,243,125      MoneyGram International, Inc., Term Loan B, 4.250%, 03/27/20   1,143,675    0.1 
4,198,876      Santander Asset Management, Term Loan B-1 USD, 4.250%, 12/17/20   4,218,560    0.5 
1,426,778      Walker & Dunlop, Term Loan, 5.250%, 12/20/20   1,430,345    0.2 
           20,734,539    2.5 
                  
       Food Products: 4.2% 
5,341,251      Advance Pierre Foods, First Lien Term Loan B, 5.750%, 07/10/17   5,345,257    0.6 
4,000,000      Advance Pierre Foods, Second Lien Term Loan, 9.500%, 10/10/17   3,970,000    0.5 
2,040,904      Atkins Nutritionals Holdings II, Inc., First Lien Term Loan, 6.250%, 01/02/19   2,035,802    0.2 
492,500      Atrium Innovations, Inc., USD First Lien Term Loan, 4.250%, 02/15/21   461,719    0.1 
5,468,158      CSM Bakery Supplies, First Lien Term Loan, 5.000%, 07/03/20   5,398,439    0.6 
3,050,675      Del Monte Foods Consumer Products, Inc., First Lien, 4.250%, 02/18/21   2,921,021    0.4 
3,700,000      Del Monte Foods Consumer Products, Inc., Second Lien, 8.250%, 08/18/21   3,311,500    0.4 
1,700,000      Hostess,First Lien Term Loan, 4.500%, 08/03/22   1,697,600    0.2 
6,000,000      JBS USA, Inc. (FKA Swift),TLB, 4.000%, 10/30/22   5,977,464    0.7 
3,956,094      NPC International , Term Loan, 4.000%, 12/28/18   3,909,938    0.5 
           35,028,740    4.2 
                  
       Food Service: 2.0% 
4,762,401      CEC Entertainment, Inc., First Lien Term Loan, 4.250%, 02/14/21   4,518,328    0.5 
4,029,488      P.F. Chang's China Bistro, Inc., Term Loan, 4.250%, 06/30/19   3,908,603    0.5 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
       Food Service: (continued) 
8,479,151      Restaurant Brands International (F.K.A. Burger King Corporation),TL B, 3.750%, 12/12/21  $8,464,007    1.0 
           16,890,938    2.0 
                  
       Food/Drug Retailers: 2.1% 
2,047,500      Albertsons LLC, Term Loan B3, 5.000%, 08/25/19   2,046,361    0.2 
4,864,117      Albertsons LLC, Term Loan B4, 5.500%, 08/25/21   4,866,316    0.6 
2,472,513      Portillo Restaurant Group (The), First Lien Term Loan, 4.750%, 08/04/21   2,426,153    0.3 
775,000      Portillo Restaurant Group (The), Second Lien Term Loan, 8.000%, 08/04/22   744,000    0.1 
4,951,677      Supervalu, Term Loan, 4.500%, 03/21/19   4,942,957    0.6 
2,057,494      TGI Friday's, Inc., First Lien Term Loan, 5.250%, 07/15/20   2,054,922    0.3 
           17,080,709    2.1 
                  
       Health Care: 15.4% 
1,634,160      Aegis Sciences, First Lien Term Loan, 5.500%, 02/19/21   1,372,694    0.2 
5,935,125      Air Medical Group Holdings, Inc., Term Loan B, 4.500%, 04/28/22   5,822,607    0.7 
2,277,508      Alere US Holdings, LLC,New Term Loan B, 4.250%, 06/15/22   2,253,107    0.3 
798,000      Aspen Dental Management, Inc., Term Loan B, 5.500%, 04/29/22   796,670    0.1 
2,231,704      ATI Physical Therapy, Term Loan B, 5.250%, 12/20/19   2,223,335    0.3 
2,567,930      CareCore National, LLC, Term Loan B, 5.500%, 03/05/21   2,298,298    0.3 
8,641,726      Catalent Pharma Solutions, Inc., USD Term Loan, 4.250%, 05/20/21   8,561,790    1.0 
4,636,209      CHG Medical Staffing, Inc., New First Lien Term, 4.250%, 11/19/19   4,599,991    0.6 
6,004,520      CHS/Community Health Systems, Inc., Term Loan H, 4.000%, 01/27/21   5,921,490    0.7 
1,695,750      Concentra Inc, Term Loan B, 4.000%, 06/01/22   1,663,955    0.2 
6,307,625      Connolly / iHealth Technologies, First Lien, 4.500%, 05/14/21   6,264,260    0.8 
2,000,000      Connolly / iHealth Technologies, Second Lien, 8.000%, 05/14/22   2,000,000    0.2 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Health Care: (continued) 
992,481      Correct Care Solutions, First Lien Term Loan, 5.000%, 07/22/21  $754,286    0.1 
3,710,160      DJO Finance LLC, First Lien Term Loan, 4.250%, 06/05/20   3,626,681    0.4 
3,541,111      Healogics, Inc., First Lien Term Loan, 5.250%, 07/01/21   2,850,594    0.3 
2,500,000      Healogics, Inc., Second Lien Term Loan, 9.000%, 07/01/22   2,200,000    0.3 
7,074,321      Iasis Healthcare LLC, Term B-2, 4.500%, 05/03/18   6,992,527    0.8 
5,794,248      Immucor, Inc., Term B-2 Loan, 5.000%, 08/17/18   5,620,421    0.7 
5,667,628      Kinetic Concepts, Inc., E-1, 4.500%, 05/04/18   5,540,107    0.7 
1,867,925      Medpace Holdings, Inc., Term loan B, 4.750%, 04/05/21   1,855,471    0.2 
7,585,343      Millennium Laboratories, LLC, Term Loan B, 5.250%, 04/15/21   3,147,917    0.4 
1,943,862      Multiplan, Inc, Term Loan, 3.750%, 04/01/21   1,897,452    0.2 
2,846,933      NVA Holdings, Inc., First Lien Term Loan, 4.750%, 08/15/21   2,846,341    0.3 
2,226,943      Onex Carestream Finance LP, First Lien, 5.000%, 06/07/19   2,069,666    0.3 
2,982,399      Ortho-Clinical Diagnostics, Inc., Term Loan B, 4.750%, 06/30/21   2,816,503    0.3 
3,224,586      Pharmaceutical Product Development, Inc.,Term B, 4.250%, 08/18/22   3,149,011    0.4 
2,962,500      Phillips-Medisize Corporation, First Lien Term Loan, 4.750%, 06/16/21   2,890,289    0.3 
750,000      Phillips-Medisize Corporation, Second Lien Term Loan, 8.250%, 06/16/22   723,750    0.1 
2,466,414      Progressive Solutions, Inc., First Lien, 5.500%, 10/22/20   2,470,525    0.3 
1,600,000      Schumacher Group, First Lien Term Loan, 5.000%, 07/31/22   1,584,667    0.2 
EUR248,752      Sivantos (Siemens Audiology), TL B Euro, 4.250%, 01/17/22   264,242    0.0 
4,278,527      Sivantos (Siemens Audiology),TL B USD, 4.250%, 01/17/22   4,260,698    0.5 
3,925,000      Sterigenics International LLC, Term Loan B, 4.250%, 05/08/22   3,880,844    0.5 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Health Care: (continued) 
5,824,109      Surgery Center Holdings, Inc., First Lien Term Loan, 5.250%, 11/03/20  $5,802,269    0.7 
1,094,500      Surgical Care Affiliates LLC, Term Loan B, 4.250%, 03/17/22   1,093,588    0.1 
536,250      Truven Health, Inc., Term Loan B, 4.500%, 06/06/19   526,356    0.1 
5,000,000   (1)  U.S. Renal Care, Inc., First Lien Term Loan, 5.250%, 11/17/22   4,975,000    0.6 
9,925,000      Valeant Pharmaceuticals International, Inc., F1 Term Loan, 4.000%, 04/01/22   9,398,419    1.1 
EUR800,000      VWR International Inc., Euro Term Loan B, 4.000%, 01/25/22   847,881    0.1 
            127,863,702    15.4 
                   
        Home Furnishings: 2.0% 
9,031,161      AOT Bedding Super Holdings, LLC, Term Loan B, 4.250%, 10/01/19   9,002,406    1.1 
3,332,813      Hillman Group (The), Inc., Term Loan B, 4.500%, 06/30/21   3,303,651    0.4 
1,125,463      Hunter Fan Company, First Lien Term Loan, 6.500%, 12/20/17   1,119,835    0.1 
885,444      Monitronics International, Inc., Term Loan B, 4.250%, 03/23/18   878,527    0.1 
2,487,500      Monitronics International, Inc., Term Loan B-1, 4.500%, 04/02/22   2,437,750    0.3 
            16,742,169    2.0 
                   
        Industrial Equipment: 4.5% 
2,309,164      Accudyne Industries LLC, Term Loan, 4.000%, 12/13/19   2,043,610    0.3 
5,475,742      Apex Tool Group, Term Loan B, 4.500%, 01/31/20   5,338,849    0.7 
990,555      CeramTec GmbH, Dollar Term B-1 Loan, 4.250%, 08/30/20   988,697    0.1 
103,196      CeramTec GmbH, Dollar Term B-2 Loan, 4.250%, 08/30/20   103,002    0.0 
301,431      CeramTec GmbH, Dollar Term B-3 Loan, 4.250%, 08/30/20   300,866    0.0 
4,388,918      Doncasters Group Limited, First Lien Term Loan USD, 4.500%, 04/09/20   4,301,139    0.5 
667,689      Filtration Group Corporation, First Lien Term Loan, 4.250%, 11/30/20   659,343    0.1 
6,132,393      Gardner Denver, Inc., Term Loan B USD, 4.250%, 07/30/20   5,623,404    0.7 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)     
       Industrial Equipment: (continued) 
2,510,241      International Equipment Solutions, LLC, Term Loan, 7.250%, 08/16/19  $2,372,178    0.3 
1,199,764      Kenan Advantage Group, Inc.,Term Loan B, 4.000%, 07/31/22   1,193,765    0.1 
382,683      Kenan Advantage Group, Inc.,Term Loan Canada Borrower, 4.000%, 07/31/22   380,770    0.1 
7,092,744      Rexnord Corporation / RBS Global, Inc., First Lien Term Loan, 4.000%, 08/21/20   6,949,116    0.8 
3,537,037      Signode Industrial Group, US Dollar Tranche Term Loan, 3.750%, 05/01/21   3,422,083    0.4 
886,500      SunSource, First Lien Term Loan, 4.750%, 02/15/21   857,689    0.1 
658,652      VAT Holding,Term Loan B, 4.250%, 02/11/21   656,183    0.1 
1,896,324      WTG Holdings III Corp., First Lien Term Loan, 4.750%, 01/15/21   1,882,102    0.2 
325,000      WTG Holdings III Corp., Second Lien Term Loan, 8.500%, 01/15/22   320,937    0.0 
           37,393,733    4.5 
                  
       Leisure Goods/Activities/Movies: 4.3% 
7,406,250      24 Hour Fitness Worldwide, Inc, Term Loan B, 4.750%, 05/28/21   6,893,982    0.8 
650,000      Cirque Du Soleil,Second Lien Term Loan, 9.250%, 07/07/23   638,084    0.1 
5,999,027      Delta2 Sarl Luxembourg (Formula One World Championship), Facility B3, 4.750%, 07/30/21   5,862,550    0.7 
2,000,000      Delta2 Sarl Luxembourg (Formula One World Championship), Second Lien Facility, 7.750%, 08/08/22   1,887,500    0.2 
2,244,849      Equinox Holdings, Inc., First Lien Term Loan, 5.000%, 01/31/20   2,249,058    0.3 
3,593      FGI Operating, Fungible Term Loan B AddOn, 5.500%, 04/19/19   2,910    0.0 
8,474,636      Fitness International, LLC., Term Loan B, 5.500%, 07/01/20   8,066,794    1.0 
2,035,714      NEP/NCP Holdco, Inc., Second Lien, 10.000%, 07/22/20   1,928,839    0.2 
5,813,935      NEP/NCP Holdco, Inc., Term Loan B with Add-On, 4.500%, 01/22/20   5,494,168    0.7 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)     
       Leisure Goods/Activities/Movies: (continued) 
2,810,875      TWCC Holding Corporation, Extended First Lien Term Loan, 5.750%, 02/13/20  $2,812,632    0.3 
           35,836,517    4.3 
                  
       Lodging & Casinos: 6.1% 
9,897,817      Amaya Gaming Group Inc., First Lien Term Loan B, 5.000%, 08/01/21   9,501,904    1.1 
1,221,938      American Casino and Entertainment Properties LLC,Term Loan, 5.000%, 07/03/22   1,223,465    0.2 
3,500,000      Aristocrat Leisure Limited, Term Loan B, 4.750%, 10/21/21   3,497,571    0.4 
1,061,747      Cannery Casino Resorts, LLC, First Lien Term Loan, 6.000%, 10/02/18   1,023,259    0.1 
5,046,324      CityCenter Holdings, LLC, Term Loan, 4.250%, 10/15/20   5,027,400    0.6 
847,875      Eldorado Resorts, Inc.,Term Loan B, 4.250%, 07/23/22   847,875    0.1 
2,561,000      Global Cash Access, Inc., Term Loan B, 6.250%, 12/18/20   2,458,560    0.3 
1,464,469      Golden Nugget, Inc., Delayed Draw Term Loan, 5.500%, 11/21/19   1,467,032    0.2 
3,417,094      Golden Nugget, Inc., Term Loan, 5.500%, 11/21/19   3,423,074    0.4 
800,000      Horseshoe Baltimore, Funded Term Loan B, 8.250%, 07/02/20   744,000    0.1 
3,460,328      La Quinta, First Lien Term Loan, 3.750%, 04/14/21   3,410,586    0.4 
4,366,717      Scientific Games International, Inc., Term Loan B, 6.000%, 10/18/20   4,066,505    0.5 
1,985,000      Scientific Games International, Inc., Term Loan B-2, 6.000%, 10/01/21   1,842,018    0.2 
8,520,288      Station Casinos LLC, Term Loan, 4.250%, 03/02/20   8,465,264    1.0 
3,817,379      Twin River Management Group, Inc., Term Loan B, 5.250%, 07/10/20   3,803,063    0.5 
           50,801,576    6.1 
                  
       Mortgage REITs: 0.9% 
4,339,125      DTZ,First Lien Term Loan B, 4.250%, 11/04/21   4,281,497    0.5 
3,000,000      International Market Centers, Second Lien Term Loan, 8.750%, 08/11/21   2,977,500    0.4 
           7,258,997    0.9 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Nonferrous Metals/Minerals: 0.4% 
3,195,723      Fairmount Minerals, Ltd., Tranche B-2 Term Loans, 4.500%, 09/05/19  $1,768,299    0.2 
1,995,000      Novelis Inc.,Term Loan B, 4.000%, 06/02/22   1,943,130    0.2 
           3,711,429    0.4 
                   
        Oil & Gas: 2.9% 
2,216,376      Bronco Midstream Funding, LLC, Term Loan, 5.000%, 08/15/20   2,039,066    0.3 
1,800,000      Chelsea Petroleum Products I, LLC,Term Loan, 4.850%, 07/22/22   1,773,000    0.2 
2,982,444      CITGO, Term Loan B, 4.500%, 07/30/21   2,925,592    0.4 
1,718,158      CITGO Holding, Inc., Holdco Term Loan, 9.500%, 05/12/18   1,723,884    0.2 
2,416,471      Energy Transfer Equity, L.P., New Term Loan, 4.000%, 12/02/19   2,344,581    0.3 
3,158,935      FTS International, Inc. (fka FracTech), Term Loan, 5.750%, 04/16/21   951,629    0.1 
6,644,400      Harvey Gulf International Marine, LLC, Upsized Term Loan B, 5.500%, 06/15/20   4,401,915    0.5 
2,962,619      Penn Product Terminals, Term Loan, 4.750%, 04/13/22   2,770,049    0.3 
2,720,575      Southcross Holdings L.P., Term Loan B, 6.000%, 08/04/21   1,904,402    0.2 
2,982,310      Western Refining, Inc., Term Loan, 4.250%, 11/12/20   2,895,325    0.4 
            23,729,443    2.9 
                   
        Publishing: 2.7% 
5,875,367      Cengage Learning Acquisition, Inc., First Lien Term Loan, 7.000%, 03/31/20   5,798,252    0.7 
2,194,500      Eden Bidco Limited (Top Right Group), Term Loan B2 USD, 6.000%, 04/30/22   2,189,014    0.3 
186,329      HIBU PLC (fka Yell Group PLC), Facility A2, 5.416%, 03/03/19   377,936    0.1 
EUR16,638      HIBU PLC (fka Yell Group PLC), Spanish facility, 0.016%, 03/03/19   –    0.0 
1,668,961      McGraw Hill Global Education, Term Loan-B, 4.750%, 03/22/19   1,673,134    0.2 
3,379,667      Merrill Communications, LLC,New First Lien Term Loan, 6.250%, 05/29/22   3,176,887    0.4 
1,230,951      Nelson Canada, 10% Reinstated 1st Lien TL, 0.416%, 10/01/20   984,761    0.1 

 

 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Publishing: (continued) 
2,691,114      Penton Media, Inc, First Lien, 4.750%, 09/30/19  $2,681,023    0.3 
1,172,505      Penton Media, Inc., Second Lien, 9.000%, 09/30/20   1,157,849    0.1 
3,917,889      Tribune Company,Term Loan B, 3.750%, 12/31/20   3,906,460    0.5 
            21,945,316    2.7 
                   
        Radio & Television: 3.3% 
5,122,611      Cumulus Media Holdings Inc., Term Loan, 4.250%, 12/23/20   3,759,997    0.5 
6,921,330      iHeartCommunications, Inc., Term Loan E, 7.916%, 07/30/19   5,052,571    0.6 
1,252,799      Learfield Communications, Inc, First Lien Term Loan, 4.500%, 10/08/20   1,252,408    0.1 
812,500      Learfield Communications, Inc., Second Lien Term Loan, 8.750%, 10/08/21   806,406    0.1 
2,939,876      Media General, Inc., DDTerm Loan-B, 4.000%, 07/31/20   2,925,177    0.4 
1,598,333      Salem Communications Corporation, Term Loan B, 4.500%, 03/14/20   1,564,369    0.2 
4,568,557      Univision Communications, Inc., Term Loan-C3, 4.000%, 03/01/20   4,516,343    0.5 
7,239,431      Univision Communications, Inc., Term Loan-C4, 4.000%, 03/01/20   7,156,293    0.9 
            27,033,564    3.3 
                   
        Retailers (Except Food & Drug): 11.5% 
1,435,500      Abercrombie & Fitch Management Co., Term Loan B, 4.750%, 08/07/21   1,409,780    0.2 
6,598,938      Academy Ltd.,Term Loan, 5.000%, 07/01/22   6,299,234    0.8 
EUR3,729,551      Action Holding B.V., Term Loan B, 4.916%, 01/13/21   3,954,528    0.5 
6,000,000      Ascena Retail Group, Inc.,TLB, 5.250%, 08/21/22   5,359,998    0.6 
454,545   (1)  Bass Pro Group, LLC, Term Loan B, 4.000%, 06/01/20   427,273    0.0 
8,645,273      BJs Wholesale Club, First Lien Term Loan, 4.500%, 09/26/19   8,502,090    1.0 
4,000,000      BJs Wholesale Club, Second Lien Term Loan, 8.500%, 03/26/20   3,852,500    0.5 
2,650,000      FullBeauty Brands (F.K.A. OneStopPlus), 1st Lien TL, 5.750%, 09/30/22   2,517,500    0.3 
5,870,220      Harbor Freight Tools USA, Inc., Term Loan, 4.750%, 07/26/19   5,881,838    0.7 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
       Retailers (Except Food & Drug): (continued) 
1,152,074      Hudson's Bay Company,TL-B, 4.750%, 09/30/22  $1,150,093    0.1 
1,970,000      J. Crew, Term Loan B, 4.000%, 03/01/21   1,242,948    0.1 
4,523,843      Leslies Poolmart, Inc., Term Loan, 4.250%, 10/16/19   4,429,597    0.5 
2,116,889      Mattress Firm Holding Corp., Term Loan-B, 5.000%, 10/20/21   2,113,912    0.3 
4,196,250      Men's Wearhouse, Term Loan, 4.500%, 06/18/21   3,930,489    0.5 
10,743,201      Neiman Marcus Group, Inc, Term Loan, 4.250%, 10/25/20   10,085,180    1.2 
3,901,149      Ollie's Holdings, Inc., Term Loan, 4.750%, 09/28/19   3,896,273    0.5 
3,570,968      Party City Holdings Inc,TL-B, 4.250%, 08/19/22   3,505,501    0.4 
3,136,330      Payless ShoeSource, First Lien Term Loan, 5.000%, 03/05/21   2,164,067    0.3 
11,940,000      PetSmart, Inc., Term Loan-B, 4.250%, 03/11/22   11,766,130    1.4 
994,924      rue21 inc., Term Loan B, 5.620%, 10/10/20   830,761    0.1 
3,207,865      Savers, Term Loan B, 5.000%, 07/09/19   2,614,410    0.3 
2,579,820      Sleepy's Holdings, LLC, Term Loan, 5.000%, 03/30/19   2,573,370    0.3 
5,000,000   (1)  Staples, Inc., Term Loan-B, 3.500%, 04/23/21   4,949,305    0.6 
4,000,000      The Gymboree Corporation, Term Loan B, 5.000%, 02/23/18   2,170,000    0.3 
           95,626,777    11.5 
                  
       Steel: 0.3% 
2,100,000      XPO Logistics, Term Loan B, 5.500%, 10/31/21   2,094,750    0.3 
                  
       Surface Transport: 1.2% 
2,186,500      Goodpack Ltd., First Lien Term Loan, 4.750%, 09/09/21   1,995,181    0.3 
1,000,000      Goodpack Ltd., Second Lien Term Loan, 8.000%, 09/09/22   867,500    0.1 
2,550,000      Navistar Inc.,Term Loan B, 6.500%, 08/07/20   2,338,562    0.3 
1,977,475      OSG Bulk Ships, Inc., First Lien Term Loan, 5.250%, 08/05/19   1,967,587    0.2 
1,200,000      Quality Distribution,First Lien Term Loan, 5.750%, 08/18/22   1,161,000    0.1 
693,744      V.Group, Term Loan B, 5.000%, 06/30/21   688,541    0.1 

 

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of November 30, 2015 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Surface Transport: (continued) 
542,734      Wabash National Corporation, Term Loan B, 4.250%, 03/19/22  $543,412    0.1 
            9,561,783    1.2 
                   
        Telecommunications: 10.2% 
EUR1,875,000      Altice International S.A.,EUR Add On, 4.500%, 07/17/22   1,968,804    0.2 
3,384,416      Aricent Group, 2015 Upsized First Lien Term Loan, 5.500%, 04/14/21   3,265,962    0.4 
4,975,894      Asurion, LLC, Incremental Tranche B-1 Term Loan, 5.000%, 05/24/19   4,728,343    0.6 
1,750,000      Asurion, LLC, Second Lien Term Loan, 8.500%, 02/28/21   1,545,469    0.2 
4,813,767      Asurion, LLC,Incremental Tranche B-4 Term Loan, 5.000%, 07/31/22   4,482,820    0.5 
3,364,262      Avaya Inc., Term B-6 Loan, 6.500%, 03/31/18   2,894,947    0.3 
7,700,001      Avaya Inc., Term B-7 Loan, 6.250%, 05/29/20   5,868,040    0.7 
1,900,000      CommScope, Inc., Tranche 5 Term Loan, 3.750%, 12/29/22   1,881,000    0.2 
10,074,750      Communications Sales & Leasing, Inc., Term Loan B, 5.000%, 10/24/22   9,427,760    1.1 
3,900,525      Consolidated Communications, Inc., Term Loan B, 4.250%, 12/19/20   3,886,873    0.5 
565,700      Encompass Digital Media, Inc., First Lien, 5.500%, 06/05/21   558,629    0.1 
4,119,566      Global Tel*Link Corporation, First Lien Term Loan, 5.000%, 05/23/20   3,352,297    0.4 
1,700,000      Global Tel*Link Corporation, Second Lien Term Loan, 9.000%, 11/23/20   1,338,750    0.2 
2,638,933      Hawaiian Telcom Communications, Inc., Term Loan B, 5.000%, 06/06/19   2,633,278    0.3 
8,500,000      Level 3 Financing, Inc, Tranche B-II 2022 Term Loan, 3.500%, 05/31/22   8,439,437    1.0 
2,300,000      Level 3 Financing, Inc., Term Loan B-4, 4.000%, 01/15/20   2,300,862    0.3 
6,755,722      Lightower Fiber Networks, First Lien Term Loan, 4.000%, 04/11/20   6,644,847    0.8 
1,200,000      Securus Technologies, Inc., Incremental Term Loan B-2, 5.250%, 04/30/20   975,000    0.1 
Principal
Amount†		      Borrower/Tranche
Description
(continued)		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)          
        Telecommunications: (continued) 
1,974,705      Securus Technologies, Inc., Upsized First Lien Term Loan, 4.750%, 04/30/20  $1,604,448    0.2 
3,052,127      Syniverse Holdings, Inc., Initial Term Loan, 4.000%, 04/23/19   2,395,919    0.3 
2,900,000      T-Mobile USA, Inc., Term Loan B, 3.500%, 11/09/22   2,906,711    0.4 
5,888,118      U.S. Telepacific Corp, Term Loan B, 6.000%, 11/21/20   5,819,421    0.7 
2,888,568      XO Communications, First Lien Term Loan, 4.250%, 03/19/21   2,857,427    0.3 
3,045,034      Zayo Group, LLC, Term Loan B, 3.750%, 05/06/21   3,017,303    0.4 
            84,794,347    10.2 
                   
        Utilities: 1.9% 
1,205,885      Atlantic Power Limited Partnership, Term Loan, 4.750%, 02/28/21   1,207,392    0.2 
2,000,000   (1)  Calpine Corp, Term Loan B-6, 4.000%, 01/15/23   1,980,000    0.2 
1,030,000      Energy Future Intermediate Holding Company LLC, First Lien DIP, 4.250%, 06/11/16   1,028,230    0.1 
2,934,365      La Frontera Generation, LLC,Term Loan, 4.500%, 09/30/20   2,831,663    0.3 
2,443,875      Longview Power, LLC, Term Loan, 7.000%, 04/15/21   2,382,778    0.3 
2,084,250      Southeast PowerGen, LLC, Term Loan B, 4.500%, 12/02/21   2,076,434    0.3 
1,979,798      TPF Generation Holdings, LLC, Term Loan, 4.750%, 12/31/17   1,859,361    0.2 
2,514,644      TPF II Power, LLC, Term Loan, 5.500%, 09/30/21   2,497,094    0.3 
            15,862,952    1.9 
                   
     Total Senior Loans          
     (Cost $1,215,188,909)   1,160,930,434    140.2 
                   
OTHER CORPORATE DEBT: 0.1%          
        Health Care: 0.1% 
EUR399,000      ConvaTec,EUR TL, 4.250%, 06/15/20   421,714    0.1 
                   
        Publishing: –% 
645,834   &  HIBU PLC (fka Yell Group PLC), Facility B2, 0.416%, 03/03/24   –    0.0 
                   
     Total Other Corporate Debt          
     (Cost $828,035)   421,714    0.1 

 

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of November 30, 2015 (Unaudited) (Continued)

 

Shares         Value   Percentage
of Net
Assets		 
EQUITIES AND OTHER ASSETS: 0.8%      
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   4,192,776    0.5 
246,734   @  Eagle Topco 2013 LTD   –    0.0 
60,946   @  Everyware Global, Inc.   464,713    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   1,899,913    0.2 
209,262   @  Nelson Education Ltd.   –    0.0 
106,702   @  Northeast Biofuels (Residual Interest)   –    0.0 
    Total Equities and Other Assets          
    (Cost $8,876,353)   6,557,402    0.8 
                  
                  
    Total Investments
(Cost $1,224,893,297)		  $1,167,909,550    141.1 
    Liabilities in Excess of Other Assets   (340,007,254)   (41.1)
    Net Assets  $827,902,296    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.

 

EUR EU Euro
GBP British Pound

 

  Cost for federal income tax purposes is $1,224,970,453.
   
  Net unrealized depreciation consists of:

 

Gross Unrealized Appreciation  $1,426,220 
Gross Unrealized Depreciation   (58,487,123)
      
Net Unrealized Depreciation  $(57,060,903)

 

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of November 30, 2015 (Unaudited) (Continued)

 

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of November 30, 2015 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,
2015		 
Asset Table                    
Investments, at fair value                    
Equities and Other Assets  $4,657,489   $1,899,913   $–   $6,557,402 
Other Corporate Debt   –    421,714    –    421,714 
Senior Loans   –    1,160,930,434    –    1,160,930,434 
Total Investments, at fair value  $4,657,489   $1,163,252,061   $–   $1,167,909,550 
Other Financial Instruments+                    
Forward Foreign Currency Contracts   –    204,467    –    204,467 
Total Assets  $4,657,489   $1,163,456,528   $–   $1,168,114,017 
Liabilities Table                    
Other Financial Instruments+                    
Unfunded commitments  $–   $(838)  $–   $(838)
Total Liabilities  $–   $(838)  $–   $(838)

 

+ 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, 2015, 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   22,165,000   Sell  12/22/15  $23,597,324   $23,432,382   $164,942 
State Street Bank  British Pound   2,711,600   Sell  12/22/15   4,123,733    4,084,208    39,525 
                           $204,467 

 

The following unfunded commitments were outstanding as of November 30, 2015:

 

Borrower  Principal Amount   Fair Value   Unrealized Appreciation/(Depreciation) 
Kenan Advantage Group, Inc.  $167,553   $(838)  $(838)

 

 

 

 

Voya Prime Rate Trust PORTFOLIO OF INVESTMENTS
as of November 30, 2015 (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, 2015 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  $204,467 
Total Asset Derivatives     $204,467 

 

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, 2015:

 

   State Street Bank 
Assets:     
Forward foreign currrency contracts  $204,467 
Total Assets  $204,467 
      
Net OTC derivative instruments by counterparty, at fair value  $204,467 
      
Total collateral pledged by the Trust/(Received from counterparty)  $- 
      
Net Exposure(1)  $204,467 

 

(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 25, 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: January 25, 2016  
     
By /s/ Todd Modic  
  Todd Modic  
  Senior Vice President and Chief Financial Officer  
     
Date: January 25, 2016