| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) |
| Principal Amount† |
Borrower/Tranche Description |
Fair Value | Percentage of Net Assets |
|||
| SENIOR LOANS*: 140.6% | ||||||
| Aerospace & Defense: 3.9% | ||||||
| 399,000 | ADS Tactical, Inc. 2021 Term Loan B, 6.750%, (US0003M + 5.750%), 03/19/26 | $ | 377,055 | 0.3 | ||
| 815,000 | Amentum Government Services Holdings LLC 2022 Term Loan, 4.647%, (SOFRRATE + 4.000%), 02/15/29 | 792,587 | 0.6 | |||
| 1,301,213 | American Airlines, Inc. 2018 Term Loan B, 2.773%, (US0001M + 1.750%), 06/27/25 | 1,195,670 | 0.8 | |||
| 793,734 | Geo Group, Inc. (The) 2018 Term Loan B, 3.060%, (US0001M + 2.000%), 03/22/24 | 755,039 | 0.5 | |||
| 1,190,838 | Peraton Corp. Term Loan B, 4.810%, (US0001M + 3.750%), 02/01/28 | 1,157,098 | 0.8 | |||
| 660,000 | Setanta Aircraft Leasing Designated Activity Compa Term Loan B, 3.006%, (US0003M + 2.000%), 11/05/28 | 644,325 | 0.5 | |||
| 472,690 | TransDigm, Inc. 2020 Term Loan E, 3.310%, (US0001M + 2.250%), 05/30/25 | 461,168 | 0.3 | |||
| 195,000 | Vertex Aerospace Services Corp. 2021 First Lien Term Loan, 5.060%, (US0001M + 4.000%), 12/06/28 | 190,613 | 0.1 | |||
| 5,573,555 | 3.9 | |||||
| Auto Components: 0.2% | ||||||
| 248,750 | Broadstreet Partners, Inc. 2021 Term Loan B2, 4.310%, (US0001M + 3.250%), 01/27/27 | 238,489 | 0.2 | |||
| Automotive: 5.5% | ||||||
| 576,396 | Autokiniton US Holdings, Inc. 2021 Term Loan B, 5.345%, (US0001M + 4.500%), 04/06/28 | 549,018 | 0.4 | |||
| 695,000 | Avis Budget Car Rental, LLC 2022 Term Loan C, 4.634%, (SOFRRATE + 3.500%), 03/16/29 | 677,915 | 0.5 | |||
| 265,858 | Belron Finance US LLC 2018 Term Loan B, 3.688%, (US0003M + 2.250%), 11/13/25 | 260,540 | 0.2 | |||
| 200,000 | Bright Bidco B.V. 2018 Term Loan B, 4.970%, (US0006M + 3.500%), 06/30/24 | 90,125 | 0.1 | |||
| 185,725 | Dealer Tire, LLC 2020 Term Loan B, 5.310%, (US0001M + 4.250%), 12/12/25 | 181,825 | 0.1 | |||
| EUR 861,147 | Gates Global LLC 2017 EUR Repriced Term Loan B, 3.000%, (EUR003M + 3.000%), 04/01/24 | 901,373 | 0.6 | |||
| 753,237 | Gates Global LLC 2021 Term Loan B3, 3.560%, (US0001M + 2.500%), 03/31/27 | 724,677 | 0.5 | |||
| 531,001 | Hertz Corporation, (The) 2021 Term Loan B, 4.014%, (US0001M + 3.250%), 06/30/28 | 513,744 | 0.4 | |||
| 100,830 | Hertz Corporation, (The) 2021 Term Loan C, 4.014%, (US0001M + 3.250%), 06/30/28 | 97,553 | 0.1 | |||
| 25,989 | Holley Purchaser, Inc. 2021 Delayed Draw Term Loan, 4.584%, (US0003M + 3.750%), 11/17/28 | 25,030 | 0.0 | |||
| 272,914 | Holley Purchaser, Inc. 2021 Term Loan, 5.205%, (US0003M + 3.750%), 11/17/28 | 262,851 | 0.2 | |||
| 908,500 | Les Schwab Tire Centers Term Loan B, 4.000%, (US0003M + 3.250%), 11/02/27 | 878,406 | 0.6 | |||
| 200,000 | Rough Country, LLC 2021 2nd Lien Term Loan, 7.506%, (US0003M + 6.500%), 07/26/29 | 194,333 | 0.1 | |||
| 232,063 | Rough Country, LLC 2021 Term Loan, 4.506%, (US0003M + 3.500%), 07/28/28 | 223,360 | 0.1 | |||
| 397,943 | Tenneco, Inc. 2018 Term Loan B, 4.060%, (US0001M + 3.000%), 10/01/25 | 380,699 | 0.3 | |||
| 485,100 | Truck Hero, Inc. 2021 Term Loan B, 4.310%, (US0001M + 3.250%), 01/31/28 | 443,563 | 0.3 | |||
| 979,950 | Wand NewCo 3, Inc. 2020 Term Loan, 3.974%, (US0001M + 3.000%), 02/05/26 | 930,952 | 0.6 | |||
| 736,300 | Wheel Pros, LLC 2021 Term Loan, 5.428%, (US0001M + 4.500%), 05/11/28 | 612,356 | 0.4 | |||
| 7,948,320 | 5.5 | |||||
| Beverage & Tobacco: 1.3% | ||||||
| 700,000 | Aramark Services, Inc. 2019 Term Loan B4, 2.810%, (US0001M + 1.750%), 01/15/27 | 677,468 | 0.5 | |||
| 230,000 | Naked Juice LLC Term Loan, 4.001%, (SOFRRATE + 3.250%), 01/24/29 | 219,017 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 252,823 | Sunshine Investments B.V. USD Term Loan B3, 4.194%, (US0003M + 2.750%), 03/28/25 | 251,875 | 0.2 | |||
| 819,609 | Triton Water Holdings, Inc Term Loan, 4.506%, (US0003M + 3.500%), 03/31/28 | 761,212 | 0.5 | |||
| 1,909,572 | 1.3 | |||||
| Brokers, Dealers & Investment Houses: 0.3% | ||||||
| 440,320 | Forest City Enterprises, L.P. 2019 Term Loan B, 4.560%, (US0001M + 3.500%), 12/08/25 | 427,730 | 0.3 | |||
| Building & Development: 6.9% | ||||||
| 184,075 | Aegion Corporation Term Loan, 5.637%, (US0001M + 4.750%), 05/17/28 | 177,402 | 0.1 | |||
| 520,829 | Applecaramel Buyer, LLC Term Loan B, 4.784%, (SOFRRATE + 3.750%), 10/19/27 | 499,128 | 0.4 | |||
| 648,375 | Chamberlain Group Inc Term Loan B, 4.506%, (US0003M + 3.500%), 11/03/28 | 599,747 | 0.4 | |||
| 930,662 | Core & Main LP 2021 Term Loan B, 3.523%, (US0001M + 2.500%), 07/27/28 | 902,452 | 0.6 | |||
| 1,207,800 | Cornerstone Building Brands, Inc. 2021 Term Loan B, 4.125%, (US0001M + 3.250%), 04/12/28 | 1,084,001 | 0.8 | |||
| 566,850 | Empire Today, LLC 2021 Term Loan B, 5.750%, (US0003M + 5.000%), 04/03/28 | 467,651 | 0.3 | |||
| 340,000 | Foley Products Company, LLC 2021 Term Loan, 5.551%, (SOFRRATE + 4.750%), 12/29/28 | 328,950 | 0.2 | |||
| 431,738 | Foundation Building Materials Holding Company LLC 2021 Term Loan, 4.489%, (US0003M + 3.250%), 01/31/28 | 407,530 | 0.3 | |||
| 47,500 | (1) | IPS Corporation 2021 Delayed Draw Term Loan, 3.923%, (US0003M + 3.500%), 10/02/28 | 45,481 | 0.0 | ||
| 237,500 | IPS Corporation 2021 Term Loan, 4.560%, (US0001M + 3.500%), 10/02/28 | 227,406 | 0.2 | |||
| 250,000 | Latham Pool Products, Inc. 2022 Term Loan B, 4.540%, (SOFRRATE + 3.750%), 02/23/29 | 242,187 | 0.2 | |||
| 886,467 | LBM Acquisition LLC Term Loan B, 4.514%, (US0001M + 3.750%), 12/17/27 | 813,333 | 0.6 | |||
| 340,000 | Leaf Home Solutions LLC 2022 Term Loan B, 5.884%, (SOFRRATE + 4.750%), 02/16/29 | 295,800 | 0.2 | |||
| 217,250 | LEB Holdings (USA), Inc Term Loan B, 4.756%, (US0003M + 3.750%), 11/02/27 | 207,564 | 0.1 | |||
| 363,221 | Northstar Group Services, INC. 2020 Term Loan B, 6.560%, (US0001M + 5.500%), 11/12/26 | 359,134 | 0.3 | |||
| 1,800,000 | Quikrete Holdings, Inc. 2021 Term Loan B1, 3.209%, (US0003M + 3.000%), 06/11/28 | 1,736,156 | 1.2 | |||
| 330,000 | Smyrna Ready Mix Concrete, LLC Term Loan B, 5.384%, (TSFR1M + 4.250%), 04/02/29 | 319,275 | 0.2 | |||
| 205,000 | Specialty Building Products Holdings, LLC 2021 Term Loan B, 4.678%, (US0001M + 3.750%), 10/15/28 | 192,700 | 0.1 | |||
| 247,870 | SRS Distribution Inc. 2021 Term Loan B, 4.250%, (US0003M + 3.500%), 06/02/28 | 236,200 | 0.2 | |||
| 484,690 | Standard Industries Inc. 2021 Term Loan B, 3.788%, (US0006M + 2.500%), 09/22/28 | 476,410 | 0.3 | |||
| 296,224 | Wilsonart LLC 2021 Term Loan E, 4.250%, (US0003M + 3.250%), 12/31/26 | 275,489 | 0.2 | |||
| 9,893,996 | 6.9 | |||||
| Business Equipment & Services: 12.9% | ||||||
| 263,634 | 24-7 Intouch Inc 2018 Term Loan, 5.810%, (US0001M + 4.750%), 08/25/25 | 258,361 | 0.2 | |||
| 598,520 | AlixPartners, LLP 2021 USD Term Loan B, 3.250%, (US0001M + 2.750%), 02/04/28 | 578,274 | 0.4 | |||
| 427,850 | Allied Universal Holdco LLC 2021 USD Incremental Term Loan B, 4.810%, (US0001M + 3.750%), 05/12/28 | 406,012 | 0.3 | |||
| 284,288 | Anticimex International AB 2021 USD Incremental Term Loan, 5.598%, (US0003M + 4.000%), 11/16/28 | 276,470 | 0.2 | |||
| 184,538 | Anticimex International AB 2021 USD Term Loan B1, 5.598%, (US0003M + 3.500%), 11/16/28 | 177,387 | 0.1 | |||
| 303,475 | APX Group, Inc. 2021 Term Loan B, 4.375%, (US0001M + 3.500%), 07/10/28 | 290,957 | 0.2 | |||
| 428,925 | Ascend Learning, LLC 2021 Term Loan, 4.560%, (US0001M + 3.500%), 12/11/28 | 409,623 | 0.3 | |||
| 321,654 | Atlas CC Acquisition Corp Term Loan B, 5.825%, (US0003M + 4.250%), 05/25/28 | 307,380 | 0.2 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 65,421 | Atlas CC Acquisition Corp Term Loan C, 5.000%, (US0003M + 4.250%), 05/25/28 | 62,518 | 0.0 | |||
| 715,000 | Belfor Holdings Inc. 2022 Incremental Term Loan, 5.284%, (SOFRRATE + 4.250%), 04/06/26 | 697,125 | 0.5 | |||
| 317,600 | Cimpress Public Limited Company USD Term Loan B, 4.560%, (US0001M + 3.500%), 05/17/28 | 303,242 | 0.2 | |||
| 150,000 | DG Investment Intermediate Holdings 2, Inc. 2021 2nd Lien Term Loan, 7.810%, (US0001M + 6.750%), 03/30/29 | 145,875 | 0.1 | |||
| 600,482 | DG Investment Intermediate Holdings 2, Inc. 2021 Term Loan, 4.560%, (US0001M + 3.750%), 03/31/28 | 578,415 | 0.4 | |||
| 646,338 | Endure Digital Inc. Term Loan, 4.250%, (US0001M + 3.500%), 02/10/28 | 605,133 | 0.4 | |||
| 432,825 | Ensono, LP 2021 Term Loan, 4.750%, (US0003M + 4.000%), 05/26/28 | 418,758 | 0.3 | |||
| 150,000 | EP Purchaser, LLC 2021 Term Loan B, 4.506%, (US0003M + 3.500%), 11/06/28 | 146,475 | 0.1 | |||
| 170,000 | Escape Velocity Holdings, Inc. 2021 Term Loan, 5.256%, (US0003M + 4.250%), 10/08/28 | 163,625 | 0.1 | |||
| 169,421 | First Advantage Holdings, LLC 2021 Term Loan B, 3.810%, (US0001M + 2.750%), 01/31/27 | 165,044 | 0.1 | |||
| 89,662 | Garda World Security Corporation 2022 Term Loan B, 5.214%, (TSFR1M + 4.250%), 02/01/29 | 84,619 | 0.1 | |||
| 212,850 | Gloves Buyer, Inc. 2021 Term Loan, 5.060%, (US0001M + 4.000%), 12/29/27 | 202,207 | 0.1 | |||
| 243,775 | Herman Miller, Inc Term Loan B, 3.000%, (US0001M + 2.000%), 07/19/28 | 232,805 | 0.2 | |||
| 499,963 | Indy US Bidco, LLC 2021 USD Term Loan, 4.810%, (US0001M + 3.750%), 03/05/28 | 486,214 | 0.3 | |||
| 416,850 | ION Trading Finance Limited 2021 USD Term Loan, 5.810%, (US0001M + 4.750%), 04/03/28 | 400,593 | 0.3 | |||
| 790,495 | Milano Acquisition Corp Term Loan B, 5.006%, (US0003M + 4.000%), 10/01/27 | 774,685 | 0.5 | |||
| 550,000 | Misys (Finastra) USD 2nd Lien Term Loan, 8.489%, (US0003M + 7.250%), 06/13/25 | 484,917 | 0.3 | |||
| 330,922 | Paysafe Holdings (US) Corp USD Term Loan B1, 3.810%, (US0001M + 2.750%), 06/28/28 | 306,103 | 0.2 | |||
| 149,625 | PECF USS Intermediate Holding III Corporation Term Loan B, 5.310%, (US0001M + 4.250%), 12/15/28 | 141,489 | 0.1 | |||
| 895,500 | Polaris Newco LLC USD Term Loan B, 5.060%, (US0001M + 4.000%), 06/02/28 | 859,200 | 0.6 | |||
| 530,000 | Pre-Paid Legal Services, Inc. 2021 Term Loan, 4.810%, (US0001M + 3.750%), 12/15/28 | 512,940 | 0.4 | |||
| 24,192 | (1) | Refficiency Holdings LLC 2021 Delayed Draw Term Loan, 4.810%, (US0003M + 3.750%), 12/16/27 | 23,345 | 0.0 | ||
| 124,239 | Refficiency Holdings LLC 2021 Term Loan, 4.810%, (US0001M + 3.750%), 12/16/27 | 119,890 | 0.1 | |||
| 275,000 | Renaissance Holding Corp. 2022 Incremental Term Loan, 5.242%, (SOFRRATE + 4.500%), 03/30/29 | 269,500 | 0.2 | |||
| 498,698 | Research Now Group, Inc. 2017 1st Lien Term Loan, 6.500%, (US0006M + 5.500%), 12/20/24 | 471,114 | 0.3 | |||
| 416,829 | Rockwood Service Corporation 2020 Term Loan, 5.310%, (US0001M + 4.250%), 01/23/27 | 410,837 | 0.3 | |||
| 150,000 | Sandvine Corporation 2018 1st Lien Term Loan, 5.560%, (US0001M + 4.500%), 10/31/25 | 145,875 | 0.1 | |||
| 25,500 | (1) | Service Logic Acquisition, Inc Delayed Draw Term Loan, 5.286%, (US0003M + 4.000%), 10/29/27 | 24,480 | 0.0 | ||
| 306,586 | Service Logic Acquisition, Inc Term Loan, 5.238%, (US0003M + 4.000%), 10/29/27 | 294,323 | 0.2 | |||
| 491,275 | Skopima Merger Sub Inc. Term Loan B, 5.060%, (US0001M + 4.000%), 05/12/28 | 467,939 | 0.3 | |||
| 596,923 | Staples, Inc. 7 Year Term Loan, 6.286%, (US0003M + 5.000%), 04/16/26 | 550,102 | 0.4 | |||
| 148,125 | TruGreen Limited Partnership 2020 Term Loan, 5.060%, (US0001M + 4.000%), 11/02/27 | 143,126 | 0.1 | |||
| 631,402 | Turing Midco LLC 2021 Term Loan B, 3.810%, (US0001M + 2.750%), 03/23/28 | 618,774 | 0.4 | |||
| EUR 500,000 | Verisure Holding AB 2020 EUR Term Loan B, 3.250%, (EUR003M + 3.250%), 07/20/26 | 509,041 | 0.4 |
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 921,732 | Verscend Holding Corp. 2021 Term Loan B, 5.060%, (US0001M + 4.000%), 08/27/25 | 905,602 | 0.6 | |||
| 170,000 | Virtusa Corporation 2022 Incremental Term Loan, 4.884%, (SOFRRATE + 3.750%), 02/15/29 | 162,067 | 0.1 | |||
| 247,500 | Virtusa Corporation First Lien Term Loan B, 4.810%, (US0001M + 3.750%), 02/11/28 | 235,125 | 0.2 | |||
| 963,114 | VM Consolidated, Inc. 2021 Term Loan B, 3.604%, (US0003M + 3.250%), 03/24/28 | 941,846 | 0.7 | |||
| 8,414 | (1) | VT Topco, Inc. 2021 Delayed Draw Term Loan, 3.923%, (US0003M + 3.750%), 08/01/25 | 8,242 | 0.0 | ||
| 126,622 | VT Topco, Inc. 2021 Incremental Term Loan, 4.500%, (US0001M + 3.750%), 08/01/25 | 124,030 | 0.1 | |||
| 406,925 | Waterlogic Holdings Limited 2021 USD Term Loan B2, 5.756%, (US0003M + 4.750%), 08/04/28 | 398,786 | 0.3 | |||
| 510,330 | West Corporation 2018 Term Loan B1, 4.560%, (US0003M + 3.500%), 10/10/24 | 456,746 | 0.3 | |||
| 909,500 | Yak Access, LLC 2018 1st Lien Term Loan B, 6.567%, (US0003M + 5.000%), 07/11/25 | 725,326 | 0.5 | |||
| 240,000 | Yak Access, LLC 2018 2nd Lien Term Loan B, 10.954%, (US0003M + 10.000%), 07/10/26 | 139,200 | 0.1 | |||
| 18,621,762 | 12.9 | |||||
| Cable & Satellite Television: 2.9% | ||||||
| 463,838 | Cogeco Financing 2 LP 2021 Incremental Term Loan B, 3.560%, (US0001M + 2.500%), 09/01/28 | 452,918 | 0.3 | |||
| 655,550 | DirecTV Financing, LLC Term Loan, 6.060%, (US0001M + 5.000%), 08/02/27 | 634,427 | 0.5 | |||
| 852,863 | Radiate Holdco, LLC 2021 Term Loan B, 4.310%, (US0001M + 3.250%), 09/25/26 | 830,209 | 0.6 | |||
| 1,500,000 | Telesat Canada Term Loan B5, 3.810%, (US0001M + 2.750%), 12/07/26 | 1,084,375 | 0.8 | |||
| 500,000 | UPC Financing Partnership 2021 USD Term Loan AX, 3.875%, (US0001M + 3.000%), 01/31/29 | 484,479 | 0.3 | |||
| 444,204 | Virgin Media Bristol LLC 2020 USD Term Loan Q, 4.125%, (US0001M + 3.250%), 01/31/29 | 436,847 | 0.3 | |||
| 184,538 | WideOpenWest Finance LLC 2021 Term Loan B, 3.872%, (SOFRRATE + 3.000%), 12/20/28 | 179,924 | 0.1 | |||
| 4,103,179 | 2.9 | |||||
| Chemicals & Plastics: 4.6% | ||||||
| 170,664 | Avantor Funding, Inc. 2021 Term Loan B5, 3.310%, (US0001M + 2.250%), 11/08/27 | 167,197 | 0.1 | |||
| 338,300 | GEON Performance Solutions, LLC 2021 Term Loan, 5.810%, (US0001M + 4.500%), 08/18/28 | 330,688 | 0.2 | |||
| 155,000 | Hexion Holdings Corporation 2022 USD 2nd Lien Term Loan, 8.319%, (SOFRRATE + 7.438%), 03/15/30 | 138,725 | 0.1 | |||
| 545,000 | Hexion Holdings Corporation 2022 USD Term Loan, 5.924%, (SOFRRATE + 4.500%), 03/15/29 | 518,431 | 0.4 | |||
| 526,025 | INEOS Styrolution US Holding LLC 2021 USD Term Loan B, 3.810%, (US0001M + 2.750%), 01/29/26 | 511,888 | 0.3 | |||
| 305,000 | Ineos US Finance LLC 2021 USD Term Loan B, 2.673%, (US0001M + 2.500%), 11/08/28 | 296,231 | 0.2 | |||
| 213,390 | Lonza Group AG USD Term Loan B, 5.006%, (US0003M + 4.000%), 07/03/28 | 198,520 | 0.1 | |||
| 640,000 | LSF11 A5 Holdco LLC Term Loan, 4.649%, (SOFRRATE + 3.500%), 10/15/28 | 613,600 | 0.4 | |||
| 100,000 | NIC Acquisition Corp. Second Lien Term Loan, 8.756%, (US0003M + 7.750%), 12/29/28 | 91,438 | 0.1 | |||
| 453,863 | Olympus Water US Holding Corporation 2021 USD Term Loan B, 4.813%, (US0003M + 3.750%), 11/09/28 | 434,573 | 0.3 | |||
| 105,000 | Olympus Water US Holding Corporation 2022 Incremental Term Loan, 5.298%, (TSFR1M + 4.500%), 11/09/28 | 101,325 | 0.1 | |||
| 800,000 | PMHC II, Inc. 2022 Term Loan B, 5.287%, (SOFRRATE + 4.250%), 04/23/29 | 720,000 | 0.5 | |||
| 689,475 | Polar US Borrower, LLC 2018 1st Lien Term Loan, 5.594%, (US0003M + 4.750%), 10/15/25 | 659,310 | 0.5 | |||
| 148,500 | Potters Industries, LLC Term Loan B, 5.006%, (US0003M + 4.000%), 12/14/27 | 145,530 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 248,125 | PQ Corporation 2021 Term Loan B, 3.739%, (US0003M + 2.500%), 06/09/28 | 241,488 | 0.2 | |||
| 389,025 | Sparta U.S. HoldCo LLC 2021 Term Loan, 4.300%, (US0001M + 3.500%), 08/02/28 | 383,190 | 0.3 | |||
| 677,187 | Starfruit Finco B.V 2018 USD Term Loan B, 4.006%, (US0003M + 3.000%), 10/01/25 | 656,589 | 0.4 | |||
| 115,000 | Tronox Finance LLC 2022 Incremental Term Loan, 3.375%, (SOFRRATE + 3.250%), 04/04/29 | 112,125 | 0.1 | |||
| 284,288 | W.R. Grace & Co.-Conn. 2021 Term Loan B, 4.813%, (US0003M + 3.750%), 09/22/28 | 277,624 | 0.2 | |||
| 6,598,472 | 4.6 | |||||
| Clothing/Textiles: 0.6% | ||||||
| 300,000 | ABG Intermediate Holdings 2 LLC 2021 Term Loan B1, 4.000%, (SOFRRATE + 3.500%), 12/21/28 | 288,375 | 0.2 | |||
| 253,088 | Birkenstock GmbH & Co. KG USD Term Loan B, 5.098%, (US0006M + 3.250%), 04/28/28 | 239,168 | 0.2 | |||
| 400,000 | Crocs Inc Term Loan B, 4.447%, (SOFRRATE + 3.500%), 02/20/29 | 376,000 | 0.2 | |||
| 903,543 | 0.6 | |||||
| Conglomerates: 0.1% | ||||||
| 149,297 | Fender Musical Instruments Corporation 2021 Term Loan B, 4.895%, (SOFRRATE + 4.000%), 12/01/28 | 142,019 | 0.1 | |||
| Consumer, Cyclical: 0.2% | ||||||
| 160,000 | PENN NATIONAL GAMING, INC. 2022 TERM LOAN B, 3.831%, (TSFR1M + 2.750%), 05/03/29 | 156,971 | 0.1 | |||
| 183,150 | WellPet - TL B 1L, 4.678%, (US0003M + 3.750%), 12/21/27 | 175,824 | 0.1 | |||
| 332,795 | 0.2 | |||||
| Consumer, Non-cyclical: 2.1% | ||||||
| 665,000 | BAUSCH + LOMB INC TERM LOAN, 4.331%, (TSFR1M + 3.250%), 05/10/27 | 643,554 | 0.5 | |||
| 1,099,475 | CoreLogic, Inc. TL B 1L, 4.563%, (US0001M + 3.500%), 06/02/28 | 1,015,365 | 0.7 | |||
| 185,000 | GALAXY US OPCO INC. TERM LOAN, 1.081%, (TSFR1M + –%), 04/29/29 | 175,750 | 0.1 | |||
| 429,743 | Lifescan Global Corporation 2018 1st Lien Term Loan, 6.962%, (US0003M + 6.000%), 10/01/24 | 401,810 | 0.3 | |||
| 420,000 | SUNSHINE INVESTMENTS B V 2022 USD TERM LOAN, 5.331%, (TSFR1M + 4.250%), 04/21/29 | 416,062 | 0.3 | |||
| 390,000 | SYNIVERSE HOLDINGS, LLC 2022 TERM LOAN, 1.405%, (TSFR3M + –%), 05/13/27 | 354,900 | 0.2 | |||
| 3,007,441 | 2.1 | |||||
| Containers & Glass Products: 4.8% | ||||||
| 688,050 | Altium Packaging LLC 2021 Term Loan B, 3.810%, (US0001M + 2.750%), 02/03/28 | 649,240 | 0.4 | |||
| 547,598 | BWAY Holding Company 2017 Term Loan B, 4.050%, (US0003M + 3.250%), 04/03/24 | 527,292 | 0.4 | |||
| 947,727 | Charter NEX US, Inc. 2021 Term Loan, 4.810%, (US0001M + 3.750%), 12/01/27 | 914,557 | 0.6 | |||
| 145,000 | Clydesdale Acquisition Holdings Inc Term Loan B, 5.384%, (TSFR1M + 4.250%), 04/13/29 | 136,927 | 0.1 | |||
| 232,767 | Graham Packaging Company Inc. 2021 Term Loan, 4.060%, (US0001M + 3.000%), 08/04/27 | 222,038 | 0.2 | |||
| 304,948 | Plastipak Packaging, Inc. 2021 Term Loan B, 3.563%, (US0001M + 2.500%), 12/01/28 | 295,656 | 0.2 | |||
| 374,620 | Plaze, Inc. 2020 Incremental Term Loan, 4.756%, (US0001M + 3.750%), 08/03/26 | 355,890 | 0.2 | |||
| 264,338 | Pretium PKG Holdings, Inc. 2021 1st Lien Term Loan, 4.883%, (US0001M + 4.000%), 10/02/28 | 247,156 | 0.2 | |||
| 125,000 | Pretium PKG Holdings, Inc. 2021 2nd Lien Term Loan, 7.633%, (US0003M + 6.750%), 10/01/29 | 111,042 | 0.1 | |||
| 32,123 | (1) | Pro Mach Group, Inc. 2021 Delayed Draw Term Loan, 5.000%, (US0001M + 4.000%), 08/31/28 | 31,171 | 0.0 | ||
| 466,707 | Pro Mach Group, Inc. 2021 Term Loan B, 5.000%, (US0001M + 4.000%), 08/31/28 | 452,881 | 0.3 | |||
| 927,999 | Proampac PG Borrower LLC 2020 Term Loan, 5.305%, (US0003M + 3.750%), 11/03/25 | 886,703 | 0.6 | |||
| 627,062 | Reynolds Group Holdings Inc. 2020 Term Loan B2, 4.310%, (US0001M + 3.250%), 02/05/26 | 599,040 | 0.4 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 422,875 | Reynolds Group Holdings Inc. 2021 Term Loan B, 4.560%, (US0001M + 3.500%), 09/24/28 | 405,035 | 0.3 | |||
| 148,125 | Tosca Services, LLC 2021 Term Loan, 4.560%, (US0001M + 3.500%), 08/18/27 | 141,459 | 0.1 | |||
| 412,012 | TricorBraun Holdings, Inc. 2021 Term Loan, 4.310%, (US0001M + 3.250%), 03/03/28 | 391,455 | 0.3 | |||
| 40,269 | (1) | Trident TPI Holdings, Inc. 2021 Delayed Draw Term Loan, 5.060%, (US0001M + 4.000%), 09/15/28 | 38,636 | 0.0 | ||
| 283,204 | Trident TPI Holdings, Inc. 2021 Incremental Term Loan, 5.060%, (US0001M + 4.000%), 09/15/28 | 271,724 | 0.2 | |||
| 150,000 | Valcour Packaging LLC 2021 1st Lien Term Loan, 5.220%, (US0006M + 3.750%), 10/04/28 | 144,000 | 0.1 | |||
| 120,000 | Valcour Packaging LLC 2021 2nd Lien Term Loan, 8.470%, (US0003M + 7.000%), 10/04/29 | 106,800 | 0.1 | |||
| 6,928,702 | 4.8 | |||||
| Cosmetics/Toiletries: 0.5% | ||||||
| 482,225 | Anastasia Parent, LLC 2018 Term Loan B, 4.756%, (US0003M + 3.750%), 08/11/25 | 401,934 | 0.3 | |||
| 340,000 | Olaplex, Inc 2022 Term Loan, 4.799%, (SOFRRATE + 3.750%), 02/23/29 | 330,650 | 0.2 | |||
| 732,584 | 0.5 | |||||
| Drugs: 2.1% | ||||||
| 496,112 | Amneal Pharmaceuticals LLC 2018 Term Loan B, 4.563%, (US0001M + 3.500%), 05/04/25 | 469,446 | 0.3 | |||
| 219,450 | ANI Pharmaceuticals, Inc Term Loan B, 7.060%, (US0001M + 6.000%), 04/27/28 | 213,004 | 0.2 | |||
| 445,980 | Endo Luxembourg Finance Company I S.a r.l. 2021 Term Loan, 6.063%, (US0001M + 5.000%), 03/27/28 | 347,784 | 0.2 | |||
| 913,100 | Jazz Financing Lux S.a.r.l. USD Term Loan, 4.560%, (US0001M + 3.500%), 05/05/28 | 894,919 | 0.6 | |||
| 1,185,925 | Organon & Co USD Term Loan, 3.563%, (US0003M + 3.000%), 06/02/28 | 1,162,207 | 0.8 | |||
| 3,087,360 | 2.1 | |||||
| Ecological Services & Equipment: 0.9% | ||||||
| 319,200 | Clean Harbors Inc. 2021 Incremental Term Loan B, 3.060%, (US0001M + 2.000%), 10/08/28 | 318,336 | 0.2 | |||
| 148,875 | Denali Water Solutions Term Loan B, 5.256%, (US0003M + 4.250%), 03/25/28 | 139,198 | 0.1 | |||
| 813,747 | GFL Environmental Inc. 2020 Term Loan, 4.239%, (US0003M + 3.000%), 05/30/25 | 804,846 | 0.6 | |||
| 1,262,380 | 0.9 | |||||
| Electronics/Electrical: 18.9% | ||||||
| 225,000 | Altar Bidco, Inc. 2021 2nd Lien Term Loan, 6.342%, (US0006M + 5.600%), 02/01/30 | 213,375 | 0.2 | |||
| 415,000 | Altar Bidco, Inc. 2021 Term Loan, 4.116%, (SOFRRATE + 3.350%), 02/01/29 | 399,697 | 0.3 | |||
| 819,000 | AP Core Holdings II, LLC Amortization Term Loan B1, 6.560%, (US0001M + 5.500%), 09/01/27 | 787,776 | 0.5 | |||
| 755,000 | AP Core Holdings II, LLC High-Yield Term Loan B2, 6.560%, (US0001M + 5.500%), 09/01/27 | 721,969 | 0.5 | |||
| 243,163 | Atlas Purchaser, Inc. 2021 Term Loan, 6.621%, (US0003M + 5.250%), 05/08/28 | 220,062 | 0.2 | |||
| 225,000 | Banff Merger Sub Inc 2021 USD 2nd Lien Term Loan, 6.560%, (US0001M + 5.500%), 02/27/26 | 217,312 | 0.2 | |||
| 321,078 | Banff Merger Sub Inc 2021 USD Term Loan, 4.810%, (US0001M + 3.750%), 10/02/25 | 308,917 | 0.2 | |||
| 663,338 | Cloudera, Inc. 2021 Term Loan, 4.810%, (US0001M + 3.750%), 10/08/28 | 629,756 | 0.4 | |||
| 179,550 | ConnectWise, LLC 2021 Term Loan B, 4.560%, (US0001M + 3.500%), 09/29/28 | 172,278 | 0.1 | |||
| 511,955 | Constant Contact Inc Term Loan, 5.011%, (US0003M + 4.000%), 02/10/28 | 489,984 | 0.3 | |||
| 650,000 | Cornerstone OnDemand, Inc. 2021 Term Loan, 4.810%, (US0001M + 3.750%), 10/16/28 | 619,125 | 0.4 | |||
| 285,000 | Creation Technologies Inc. 2021 Term Loan, 6.462%, (US0003M + 5.500%), 10/05/28 | 269,325 | 0.2 | |||
| 340,257 | Delta TopCo, Inc. 2020 Term Loan B, 4.500%, (US0003M + 3.750%), 12/01/27 | 321,117 | 0.2 | |||
| 206,676 | EagleView Technology Corporation 2018 Add On Term Loan B, 4.506%, (US0003M + 3.500%), 08/14/25 | 197,376 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 210,000 | Entegris, Inc. 2022 Term Loan B, 3.290%, (SOFRRATE + 3.000%), 03/02/29 | 207,900 | 0.1 | |||
| 758,450 | Epicor Software Corporation 2020 Term Loan, 4.310%, (US0001M + 3.250%), 07/30/27 | 741,006 | 0.5 | |||
| 350,000 | Grab Holdings Inc Term Loan B, 5.500%, (US0003M + 4.500%), 01/29/26 | 324,990 | 0.2 | |||
| 750,500 | Greeneden U.S. Holdings II, LLC 2020 USD Term Loan B, 5.060%, (US0001M + 4.000%), 12/01/27 | 732,863 | 0.5 | |||
| 393,571 | Helios Software Holdings, Inc. 2021 USD Term Loan B, 4.884%, (US0001M + 3.750%), 03/11/28 | 377,829 | 0.3 | |||
| 714,461 | Hyland Software, Inc. 2018 1st Lien Term Loan, 4.560%, (US0001M + 3.500%), 07/01/24 | 699,279 | 0.5 | |||
| 88,000 | Hyland Software, Inc. 2021 2nd Lien Term Loan, 7.310%, (US0001M + 6.250%), 07/07/25 | 87,450 | 0.1 | |||
| 800,000 | II-VI Incorporated 2021 Term Loan B, 2.959%, (US0003M + 2.750%), 01/14/28 | 783,334 | 0.5 | |||
| 406,007 | Imperva, Inc. 1st Lien Term Loan, 5.399%, (US0003M + 4.000%), 01/12/26 | 384,082 | 0.3 | |||
| 455,000 | Imperva, Inc. 2nd Lien Term Loan, 9.205%, (US0003M + 7.750%), 01/11/27 | 453,294 | 0.3 | |||
| 636,340 | Informatica LLC 2021 USD Term Loan B, 3.813%, (US0001M + 2.750%), 10/27/28 | 620,431 | 0.4 | |||
| 709,638 | Ingram Micro Inc. 2021 Term Loan B, 4.506%, (US0003M + 3.500%), 06/30/28 | 691,009 | 0.5 | |||
| 165,000 | Instructure Holdings, Inc. 2021 Term Loan B, 3.269%, (US0003M + 2.750%), 10/30/28 | 160,875 | 0.1 | |||
| 150,000 | Ivanti Software, Inc. 2021 2nd Lien Term Loan, 7.773%, (US0003M + 7.250%), 12/01/28 | 141,750 | 0.1 | |||
| 158,400 | Ivanti Software, Inc. 2021 Add On Term Loan B, 4.845%, (US0001M + 4.000%), 12/01/27 | 144,012 | 0.1 | |||
| 756,823 | Ivanti Software, Inc. 2021 Term Loan B, 5.000%, (US0003M + 4.250%), 12/01/27 | 692,138 | 0.5 | |||
| 780,125 | LogMeIn, Inc. Term Loan B, 5.678%, (US0001M + 4.750%), 08/31/27 | 676,433 | 0.5 | |||
| 1,013,030 | Magenta Buyer LLC 2021 USD 1st Lien Term Loan, 6.230%, (US0003M + 5.000%), 07/27/28 | 935,786 | 0.7 | |||
| 265,000 | Magenta Buyer LLC 2021 USD 2nd Lien Term Loan, 9.480%, (US0003M + 8.250%), 07/27/29 | 247,775 | 0.2 | |||
| 965,000 | McAfee, LLC 2022 USD Term Loan B, 4.842%, (SOFRRATE + 4.000%), 03/01/29 | 918,197 | 0.6 | |||
| 420,000 | Mitchell International, Inc. 2021 Term Loan B, 4.686%, (US0001M + 3.750%), 10/15/28 | 400,575 | 0.3 | |||
| 101,447 | NAVEX TopCo, Inc. 2018 2nd Lien Term Loan, 8.060%, (US0001M + 7.000%), 09/04/26 | 100,052 | 0.1 | |||
| 516,100 | Panther Commercial Holdings L.P Term Loan, 5.739%, (US0003M + 4.500%), 01/07/28 | 498,682 | 0.3 | |||
| 150,000 | Ping Identity Corporation 2021 Term Loan B, 4.550%, (SOFRRATE + 3.750%), 11/22/28 | 146,625 | 0.1 | |||
| 723,443 | Project Leopard Holdings, Inc. 2019 Term Loan, 5.750%, (US0003M + 4.750%), 07/07/24 | 719,464 | 0.5 | |||
| 225,000 | Quest Software US Holdings Inc. 2022 2nd Lien Term Loan, 8.724%, (SOFRRATE + 7.500%), 02/01/30 | 211,500 | 0.1 | |||
| 930,000 | Quest Software US Holdings Inc. 2022 Term Loan, 4.750%, (SOFRRATE + 4.250%), 02/01/29 | 853,856 | 0.6 | |||
| 764,763 | Rackspace Technology Global, Inc. 2021 Term Loan, 3.500%, (US0003M + 2.750%), 02/15/28 | 731,304 | 0.5 | |||
| 1,218,875 | Redstone Buyer LLC 2021 Term Loan, 5.934%, (US0003M + 4.750%), 04/27/28 | 1,133,554 | 0.8 | |||
| 592,182 | (2) | Riverbed Technology, Inc. 2021 PIK Exit Term Loan, 7.000% (PIK Rate 2.000%, Cash Rate 7.000%), 12/07/26 | 424,398 | 0.3 | ||
| 1,358,000 | Rocket Software, Inc. 2018 Term Loan, 5.310%, (US0001M + 4.250%), 11/28/25 | 1,315,139 | 0.9 | |||
| 191,302 | Sabre GLBL Inc. 2021 Term Loan B1, 4.560%, (US0001M + 3.500%), 12/17/27 | 180,243 | 0.1 | |||
| 304,948 | Sabre GLBL Inc. 2021 Term Loan B2, 4.560%, (US0001M + 3.500%), 12/17/27 | 287,318 | 0.2 | |||
| 613,096 | Seattle Spinco, Inc. USD Term Loan B3, 3.810%, (US0001M + 2.750%), 06/21/24 | 583,974 | 0.4 |
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 284,286 | SkillSoft Corporation 2021 Term Loan, 6.187%, (TSFR1M + 5.250%), 07/14/28 | 273,862 | 0.2 | |||
| 617,600 | SonicWall US Holdings Inc. 1st Lien Term Loan, 5.256%, (US0003M + 3.750%), 05/16/25 | 597,270 | 0.4 | |||
| 265,000 | SonicWall US Holdings Inc. 2nd Lien Term Loan, 9.006%, (US0003M + 7.500%), 05/18/26 | 251,750 | 0.2 | |||
| 30,925 | (1) | Sovos Compliance, LLC 2021 Delayed Draw Term Loan, 4.709%, (US0003M + 4.500%), 08/11/28 | 30,074 | 0.0 | ||
| 178,628 | Sovos Compliance, LLC 2021 Term Loan, 5.560%, (US0001M + 4.500%), 08/11/28 | 173,715 | 0.1 | |||
| 1,115,000 | Symantec Corporation 2021 Term Loan B, 2.050%, (SOFRRATE + 2.000%), 01/28/29 | 1,083,409 | 0.8 | |||
| 174,563 | Tenable Holdings, Inc. Term Loan B, 3.269%, (US0006M + 2.750%), 07/07/28 | 169,326 | 0.1 | |||
| 141,951 | Trader Interactive, LLC 2021 Term Loan B, 4.773%, (US0001M + 3.750%), 07/28/28 | 139,467 | 0.1 | |||
| 22,874 | (2) | Travelport Finance (Luxembourg) S.a.r.l. 2020 Super Priority Term Loan, 2.506%, (US0003M + 1.500%) (PIK Rate 7.250%, Cash Rate 2.500%), 02/28/25 | 22,719 | 0.0 | ||
| 2,863 | (2) | Travelport Finance (Luxembourg) S.a.r.l. 2021 Consented Term Loan, 6.006% (PIK Rate 1.750%, Cash Rate 0.000%), 05/29/26 | 2,279 | 0.0 | ||
| 131,693 | Ultra Clean Holdings, Inc 2021 Term Loan B, 4.810%, (US0001M + 3.750%), 08/27/25 | 130,184 | 0.1 | |||
| 435,600 | Watlow Electric Manufacturing Company Term Loan B, 4.810%, (US0001M + 3.750%), 03/02/28 | 420,172 | 0.3 | |||
| 246,875 | Weld North Education, LLC 2021 Term Loan B, 4.810%, (US0001M + 3.750%), 12/21/27 | 239,932 | 0.2 | |||
| 532,512 | Xperi Corporation 2020 Term Loan B, 4.560%, (US0001M + 3.500%), 06/08/28 | 519,199 | 0.4 | |||
| 27,228,544 | 18.9 | |||||
| Equipment Leasing: 0.4% | ||||||
| 164,588 | Albion Financing 3 SARL USD Term Loan, 6.434%, (US0003M + 5.250%), 08/17/26 | 161,399 | 0.1 | |||
| 456,030 | Rent-A-Center, Inc. 2021 First Lien Term Loan B, 4.313%, (US0001M + 3.250%), 02/17/28 | 429,024 | 0.3 | |||
| 590,423 | 0.4 | |||||
| Financial: 0.4% | ||||||
| 156,458 | Blucora, Inc. 2017 Term Loan B, 5.006%, (US0003M + 4.000%), 05/22/24 | 154,111 | 0.1 | |||
| 396,985 | HUB International Ltd. - TL B3 1L, 4.348%, (US0003M + 3.250%), 04/25/25 | 384,269 | 0.3 | |||
| 538,380 | 0.4 | |||||
| Financial Intermediaries: 5.3% | ||||||
| 217,222 | Advisor Group, Inc. 2021 Term Loan, 5.560%, (US0001M + 4.500%), 07/31/26 | 210,434 | 0.1 | |||
| 275,000 | AllSpring Buyer LLC Term Loan B, 4.313%, (US0003M + 3.250%), 11/01/28 | 268,641 | 0.2 | |||
| 280,000 | AqGen Ascensus, Inc. 2021 2nd Lien Term Loan, 7.500%, (US0003M + 6.500%), 08/02/29 | 266,467 | 0.2 | |||
| 384,038 | AqGen Island Holdings, Inc. Term Loan, 4.563%, (US0003M + 3.500%), 08/02/28 | 368,676 | 0.3 | |||
| 282,150 | Blackstone Mortgage Trust, Inc. 2021 Term Loan B2, 3.810%, (US0001M + 2.750%), 04/23/26 | 274,391 | 0.2 | |||
| 313,425 | Castlelake Aviation Limited Term Loan B, 3.250%, (US0003M + 2.750%), 10/22/26 | 302,063 | 0.2 | |||
| 794,603 | Citadel Securities LP 2021 Term Loan B, 3.560%, (SOFRRATE + 2.500%), 02/02/28 | 770,665 | 0.5 | |||
| 1,016,137 | Cushman & Wakefield U.S. Borrower, LLC 2020 Term Loan B, 3.810%, (US0001M + 2.750%), 08/21/25 | 989,147 | 0.7 | |||
| 275,000 | Deerfield Dakota Holding, LLC 2020 USD Term Loan B, 4.784%, (TSFR1M + 3.750%), 04/09/27 | 265,461 | 0.2 | |||
| 749,913 | Edelman Financial Center, LLC 2021 Term Loan B, 4.560%, (US0001M + 3.500%), 04/07/28 | 722,260 | 0.5 | |||
| 611,349 | First Eagle Holdings, Inc. 2020 Term Loan B, 3.506%, (US0003M + 2.500%), 02/01/27 | 586,321 | 0.4 | |||
| 224,162 | Focus Financial Partners, LLC 2021 Term Loan, 3.560%, (US0001M + 2.500%), 06/30/28 | 217,577 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 293,525 | HighTower Holdings LLC 2021 Term Loan B, 5.098%, (US0003M + 4.000%), 04/21/28 | 275,180 | 0.2 | |||
| 576,503 | Jane Street Group, LLC 2021 Term Loan, 3.810%, (US0001M + 2.750%), 01/26/28 | 559,148 | 0.4 | |||
| 690,432 | Trans Union, LLC 2021 Term Loan B6, 3.310%, (US0001M + 2.250%), 12/01/28 | 675,933 | 0.5 | |||
| 315,000 | VFH Parent LLC 2022 Term Loan B, 3.790%, (SOFRRATE + 3.000%), 01/13/29 | 304,369 | 0.2 | |||
| 530,952 | Victory Capital Holdings, Inc. 2021 Term Loan B, 3.219%, (US0003M + 2.250%), 07/01/26 | 517,678 | 0.4 | |||
| 7,574,411 | 5.3 | |||||
| Food Products: 3.2% | ||||||
| 609,476 | 8th Avenue Food & Provisions, Inc. 2018 1st Lien Term Loan, 4.810%, (US0001M + 3.750%), 10/01/25 | 521,102 | 0.4 | |||
| 219,539 | Atkins Nutritionals Holdings II, Inc. 2017 Term Loan B, 4.040%, (TSFR1M + 3.250%), 07/07/24 | 219,265 | 0.1 | |||
| 535,971 | B&G Foods, Inc. 2019 Term Loan B4, 3.560%, (US0001M + 2.500%), 10/10/26 | 519,691 | 0.4 | |||
| 180,000 | BCPE North Star US HoldCo 2, Inc. 2021 2nd Lien Term Loan, 8.256%, (US0003M + 7.250%), 06/08/29 | 175,050 | 0.1 | |||
| 430,000 | CHG PPC Parent LLC 2021 Term Loan, 4.063%, (US0001M + 3.000%), 12/08/28 | 414,950 | 0.3 | |||
| 48,947 | (1) | Dessert Holdings Inc. Delayed Draw Term Loan, 4.146%, (US0003M + 4.000%), 06/09/28 | 46,500 | 0.0 | ||
| 259,747 | Dessert Holdings Inc. Term Loan, 5.006%, (US0003M + 4.000%), 06/09/28 | 246,760 | 0.2 | |||
| 819,532 | IRB Holding Corp 2022 Term Loan B, 3.892%, (SOFRRATE + 3.150%), 12/15/27 | 795,201 | 0.5 | |||
| 270,000 | Primary Products Finance LLC Term Loan, 4.500%, (US0003M + 4.000%), 04/02/29 | 266,119 | 0.2 | |||
| 813,313 | Sigma Bidco B.V. 2018 USD Term Loan B, 3.345%, (US0003M + 3.000%), 07/02/25 | 712,665 | 0.5 | |||
| 789,049 | Weber-Stephen Products LLC Term Loan B, 4.310%, (US0001M + 3.250%), 10/30/27 | 726,418 | 0.5 | |||
| 4,643,721 | 3.2 | |||||
| Food Service: 3.2% | ||||||
| 496,193 | 1011778 B.C. Unlimited Liability Company Term Loan B4, 2.810%, (US0001M + 1.750%), 11/19/26 | 479,756 | 0.3 | |||
| 945,000 | Ali Group North America Corporation 2021 Term Loan B, 2.173%, (US0003M + 2.000%), 10/13/28 | 920,194 | 0.6 | |||
| 765,000 | Fertitta Entertainment, LLC 2022 Term Loan B, 5.034%, (SOFRRATE + 4.000%), 01/27/29 | 734,878 | 0.5 | |||
| 473,813 | Flynn Restaurant Group LP 2021 Term Loan B, 5.310%, (US0001M + 4.250%), 12/01/28 | 447,161 | 0.3 | |||
| 38,188 | K-Mac Holdings Corp 2021 2nd Lien Term Loan, 7.550%, (US0001M + 6.750%), 07/30/29 | 36,660 | 0.0 | |||
| 239,208 | Pacific Bells, LLC Term Loan B, 5.836%, (US0001M + 4.500%), 10/13/28 | 230,537 | 0.2 | |||
| 236,308 | Tacala, LLC 1st Lien Term Loan, 4.560%, (US0001M + 3.500%), 02/05/27 | 225,438 | 0.2 | |||
| 994,898 | US Foods, Inc. 2019 Term Loan B, 3.575%, (US0003M + 2.000%), 09/13/26 | 957,589 | 0.7 | |||
| 548,625 | US Foods, Inc. 2021 Term Loan B, 4.325%, (US0003M + 2.750%), 11/22/28 | 537,065 | 0.4 | |||
| 4,569,278 | 3.2 | |||||
| Food/Drug Retailers: 1.1% | ||||||
| 251,426 | EG Finco Limited 2018 USD Term Loan, 4.997%, (US0003M + 4.000%), 02/07/25 | 242,076 | 0.2 | |||
| 656,912 | Moran Foods, LLC 2020 2nd Lien Term Loan, 10.756%, (US0003M + 9.750%), 10/01/24 | 436,847 | 0.3 | |||
| 474,144 | Moran Foods, LLC 2020 Term Loan, 8.006%, (US0003M + 7.000%), 04/01/24 | 417,246 | 0.3 | |||
| 472,875 | Portillos Holdings, LLC 2019 1st Lien Term Loan B3, 6.560%, (US0001M + 5.500%), 09/06/24 | 465,782 | 0.3 | |||
| 1,561,951 | 1.1 | |||||
| Forest Products: 0.3% | ||||||
| 200,837 | Osmose Utilities Services, Inc. Term Loan, 4.310%, (US0001M + 3.250%), 06/23/28 | 188,536 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 252,460 | Spa Holdings 3 Oy USD Term Loan B, 4.500%, (US0003M + 3.750%), 02/04/28 | 244,254 | 0.2 | |||
| 432,790 | 0.3 | |||||
| Health Care: 13.6% | ||||||
| 290,000 | Accelerated Health Systems, LLC 2022 Term Loan B, 5.160%, (SOFRRATE + 4.250%), 02/15/29 | 279,850 | 0.2 | |||
| 910,800 | ADMI Corp. 2021 Term Loan B2, 4.435%, (US0001M + 3.375%), 12/23/27 | 866,019 | 0.6 | |||
| 138,169 | Agiliti Health, Inc Term Loan, 3.563%, (US0001M + 2.750%), 01/04/26 | 134,715 | 0.1 | |||
| 777,793 | Air Methods Corporation 2017 Term Loan B, 4.506%, (US0003M + 3.500%), 04/22/24 | 708,764 | 0.5 | |||
| 134,058 | (1) | Athenahealth, Inc. 2022 Delayed Draw Term loan, 3.550%, (SOFRRATE + 3.500%), 02/15/29 | 128,319 | 0.1 | ||
| 790,942 | Athenahealth, Inc. 2022 Term Loan B, 4.363%, (SOFRRATE + 3.500%), 02/15/29 | 757,080 | 0.5 | |||
| 560,000 | Bausch Health Companies Inc. 2022 Term Loan B, 6.040%, (SOFRRATE + 5.250%), 02/01/27 | 514,500 | 0.4 | |||
| 318,400 | Bella Holding Company, LLC 2021 Term Loan B, 4.810%, (US0001M + 3.750%), 05/10/28 | 307,455 | 0.2 | |||
| 185,761 | Carestream Dental Equipment, Inc 2021 Term Loan, 5.560%, (US0001M + 4.500%), 09/01/24 | 179,724 | 0.1 | |||
| 168,725 | CBI Buyer, Inc. Term Loan, 4.266%, (US0003M + 3.250%), 01/06/28 | 152,274 | 0.1 | |||
| 287,349 | CCRR Parent, Inc Term Loan B, 4.760%, (US0003M + 3.750%), 03/06/28 | 277,292 | 0.2 | |||
| 432,825 | CHG Healthcare Services Inc. 2021 Term Loan, 4.999%, (US0006M + 3.500%), 09/29/28 | 418,271 | 0.3 | |||
| 148,875 | Curia Global, Inc. 2021 Term Loan, 4.988%, (US0003M + 3.750%), 08/30/26 | 143,731 | 0.1 | |||
| 590,900 | Da Vinci Purchaser Corp. 2019 Term Loan, 5.006%, (US0003M + 4.000%), 01/08/27 | 571,696 | 0.4 | |||
| 1,199,700 | Envision Healthcare Corporation 2018 1st Lien Term Loan, 4.810%, (US0001M + 3.750%), 10/10/25 | 478,755 | 0.3 | |||
| 494,294 | Global Medical Response, Inc. 2020 Term Loan B, 5.250%, (US0003M + 4.250%), 10/02/25 | 473,440 | 0.3 | |||
| 229,688 | GoodRx, Inc. 1st Lien Term Loan, 3.810%, (US0001M + 2.750%), 10/10/25 | 219,926 | 0.2 | |||
| 307,675 | Heartland Dental, LLC 2021 Incremental Term Loan, 4.961%, (US0001M + 4.000%), 04/30/25 | 296,906 | 0.2 | |||
| 539,703 | Hunter Holdco 3 Limited USD Term Loan B, 5.256%, (US0003M + 4.250%), 08/19/28 | 526,211 | 0.4 | |||
| 195,000 | ICU Medical, Inc. Term Loan B, 3.198%, (SOFRRATE + 2.650%), 01/08/29 | 192,319 | 0.1 | |||
| 273,000 | Medical Solutions Holdings, Inc. 2021 1st Lien Term Loan, 4.506%, (US0003M + 3.500%), 11/01/28 | 261,397 | 0.2 | |||
| 52,000 | (1) | Medical Solutions Holdings, Inc. 2021 Delayed Draw Term Loan, 3.673%, (US0003M + 3.500%), 11/01/28 | 49,790 | 0.0 | ||
| 775,000 | Medline Borrower, LP USD Term Loan B, 4.310%, (US0001M + 3.250%), 10/23/28 | 747,767 | 0.5 | |||
| 150,000 | MJH Healthcare Holdings, LLC 2022 Term Loan B, 4.464%, (SOFRRATE + 3.600%), 01/28/29 | 143,250 | 0.1 | |||
| 671,625 | MPH Acquisition Holdings LLC 2021 Term Loan B, 5.825%, (US0003M + 4.250%), 09/01/28 | 638,044 | 0.4 | |||
| 150,000 | National Mentor Holdings, Inc. 2021 2nd Lien Term Loan, 8.260%, (US0003M + 7.250%), 03/02/29 | 141,000 | 0.1 | |||
| 20,702 | National Mentor Holdings, Inc. 2021 Term Loan C, 4.760%, (US0003M + 3.750%), 03/02/28 | 18,601 | 0.0 | |||
| 608,982 | National Mentor Holdings, Inc. 2021 Term Loan, 4.782%, (US0003M + 3.750%), 03/02/28 | 547,170 | 0.4 | |||
| 195,000 | Owens & Minor, Inc. 2022 Term Loan B, 4.884%, (TSFR1M + 3.750%), 03/29/29 | 193,294 | 0.1 | |||
| 322,563 | Pacific Dental Services,LLC 2021 Term Loan, 4.125%, (US0001M + 3.250%), 05/05/28 | 310,870 | 0.2 | |||
| 388,139 | Pathway Vet Alliance LLC 2021 Term Loan, 4.756%, (US0003M + 3.750%), 03/31/27 | 371,401 | 0.3 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 312,632 | Pediatric Associates Holding Company, LLC 2021 Term Loan B, 5.076%, (US0003M + 3.250%), 12/29/28 | 299,345 | 0.2 | |||
| 47,368 | (1) | Pediatric Associates Holding Company, LLC 2022 Delayed Draw Term loan, 4.925%, (US0003M + 3.250%), 12/29/28 | 45,355 | 0.0 | ||
| 255,000 | Perrigo Investments, LLC Term Loan B, 2.671%, (TSFR1M + 2.500%), 04/20/29 | 250,537 | 0.2 | |||
| 410,540 | PetVet Care Centers, LLC 2021 Term Loan B3, 4.560%, (US0001M + 3.500%), 02/14/25 | 397,198 | 0.3 | |||
| 1,040,695 | Phoenix Guarantor Inc 2020 Term Loan B, 4.310%, (US0001M + 3.250%), 03/05/26 | 1,002,970 | 0.7 | |||
| 149,434 | Physician Partners LLC Term Loan, 5.134%, (SOFRRATE + 4.000%), 12/23/28 | 142,896 | 0.1 | |||
| 148,875 | Pluto Acquisition I, Inc. 2021 1st Lien Term Loan, 6.076%, (US0003M + 4.000%), 06/22/26 | 141,803 | 0.1 | |||
| 165,000 | PointClickCare Technologies, Inc. 2022 Term Loan B, 4.775%, (SOFRRATE + 4.000%), 12/29/27 | 161,287 | 0.1 | |||
| 148,500 | PointClickCare Technologies, Inc. Term Loan B, 3.750%, (US0003M + 3.000%), 12/29/27 | 142,931 | 0.1 | |||
| 250,000 | Press Ganey Holdings, Inc. 2022 Incremental Term Loan, 4.900%, (SOFRRATE + 3.750%), 07/24/26 | 238,281 | 0.2 | |||
| 212,850 | Project Ruby Ultimate Parent Corp. 2021 Term Loan, 4.310%, (US0001M + 3.250%), 03/03/28 | 205,068 | 0.1 | |||
| 1,091,635 | RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B, 4.810%, (US0001M + 3.750%), 11/16/25 | 1,053,019 | 0.7 | |||
| 238,800 | Resonetics, LLC 2021 Term Loan, 5.239%, (US0003M + 4.000%), 04/28/28 | 229,248 | 0.2 | |||
| 246,884 | RxBenefits, Inc. 2020 Term Loan, 5.250%, (US0006M + 4.500%), 12/17/27 | 239,478 | 0.2 | |||
| 54,712 | Select Medical Corporation 2017 Term Loan B, 3.560%, (US0001M + 2.500%), 03/06/25 | 53,047 | 0.0 | |||
| 490,000 | Sotera Health Holdings, LLC 2021 Term Loan, 3.810%, (US0001M + 2.750%), 12/11/26 | 476,831 | 0.3 | |||
| EUR 1,000,000 | Sunrise Medical 2018 EUR Term Loan B, 3.432%, (EUR0012M + 3.250%), 04/16/25 | 1,008,243 | 0.7 | |||
| 613,800 | Surgery Center Holdings, Inc. 2021 Term Loan, 4.600%, (US0001M + 3.750%), 08/31/26 | 589,674 | 0.4 | |||
| 248,684 | Tecomet Inc. 2017 Repriced Term Loan, 4.500%, (US0003M + 3.500%), 05/01/24 | 224,437 | 0.2 | |||
| 517,400 | U.S. Anesthesia Partners, Inc. 2021 Term Loan, 5.050%, (US0001M + 4.250%), 10/01/28 | 496,632 | 0.4 | |||
| 444,952 | Unified Physician Management, LLC 2020 Term Loan, 5.310%, (US0001M + 4.250%), 12/16/27 | 428,544 | 0.3 | |||
| 447,750 | Virgin Pulse, Inc. 2021 Term Loan, 5.060%, (US0001M + 4.000%), 04/06/28 | 420,885 | 0.3 | |||
| 345,000 | WP CityMD Bidco LLC 2021 1st Lien Term Loan B, 3.750%, (US0006M + 3.250%), 12/22/28 | 333,874 | 0.2 | |||
| 19,631,414 | 13.6 | |||||
| Home Furnishings: 1.0% | ||||||
| 373,125 | Conair Holdings, LLC Term Loan B, 4.756%, (US0003M + 3.750%), 05/17/28 | 343,275 | 0.2 | |||
| 179,550 | Illuminate Merger Sub Corp. Term Loan, 4.506%, (US0003M + 3.500%), 07/21/28 | 167,879 | 0.1 | |||
| 1,030,000 | Solis IV BV USD Term Loan B1, 4.842%, (SOFRRATE + 3.500%), 02/26/29 | 931,507 | 0.7 | |||
| 1,442,661 | 1.0 | |||||
| Industrial: 0.5% | ||||||
| 185,000 | AZZ INCORPORATED TERM LOAN B, 5.331%, (TSFR1M + 4.250%), 05/06/29 | 179,219 | 0.1 | |||
| 150,000 | Five Star 2022 Term Loan 1L, 5.331%, (TSFR1M + 4.250%), 05/05/29 | 144,750 | 0.1 | |||
| 395,000 | ST GEO WARE + TR CO OF CAL INC 2022 TERM LOAN, 1.081%, (TSFR1M + –%), 03/24/28 | 389,075 | 0.3 | |||
| 713,044 | 0.5 | |||||
| Industrial Equipment: 2.0% | ||||||
| 170,000 | Clark Equipment Company 2022 Term Loan B, 3.472%, (TSFR1M + 2.500%), 04/20/29 | 165,962 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 349,125 | CMBF LLC Term Loan, 6.845%, (US0001M + 6.000%), 08/02/28 | 331,669 | 0.2 | |||
| 498,896 | Granite Holdings US Acquisition Co. 2021 Term Loan B, 5.006%, (US0003M + 4.000%), 09/30/26 | 481,643 | 0.3 | |||
| 125,260 | I-Logic Technologies Bidco Limited 2021 USD Term Loan B, 5.075%, (TSFR1M + 4.000%), 02/16/28 | 121,377 | 0.1 | |||
| 607,847 | Kenan Advantage Group, Inc. 2021 Term Loan B1, 4.810%, (US0001M + 3.750%), 03/24/26 | 579,480 | 0.4 | |||
| 249,372 | Madison IAQ LLC Term Loan, 4.524%, (US0006M + 3.250%), 06/21/28 | 237,423 | 0.2 | |||
| 195,000 | SPX Flow, Inc. 2022 Term Loan, 5.634%, (TSFR1M + 4.500%), 04/05/29 | 184,031 | 0.1 | |||
| 337,986 | Star US Bidco LLC Term Loan B, 5.310%, (US0001M + 4.250%), 03/17/27 | 329,537 | 0.2 | |||
| 507,603 | Vertical US Newco Inc Term Loan B, 4.019%, (US0006M + 3.500%), 07/30/27 | 490,852 | 0.4 | |||
| 2,921,974 | 2.0 | |||||
| Insurance: 4.5% | ||||||
| 889,495 | Acrisure, LLC 2020 Term Loan B, 4.560%, (US0001M + 3.500%), 02/15/27 | 845,020 | 0.6 | |||
| 244,388 | Acrisure, LLC 2021 First Lien Term Loan B, 5.310%, (US0001M + 4.250%), 02/15/27 | 237,056 | 0.2 | |||
| 664,286 | Alliant Holdings Intermediate, LLC 2018 Term Loan B, 4.310%, (US0001M + 3.250%), 05/09/25 | 642,281 | 0.4 | |||
| 860,675 | Alliant Holdings Intermediate, LLC 2021 Term Loan B4, 4.375%, (US0001M + 3.500%), 11/06/27 | 833,420 | 0.6 | |||
| 411,188 | Aretec Group, Inc. 2018 Term Loan, 5.310%, (US0001M + 4.250%), 10/01/25 | 396,282 | 0.3 | |||
| 534,226 | AssuredPartners, Inc. 2020 Term Loan B, 4.560%, (US0001M + 3.500%), 02/12/27 | 509,963 | 0.3 | |||
| 565,000 | AssuredPartners, Inc. 2022 Term Loan, 4.534%, (SOFRRATE + 3.500%), 02/12/27 | 539,575 | 0.4 | |||
| 324,188 | IMA Financial Group, Inc. Term Loan, 4.810%, (US0001M + 3.750%), 11/01/28 | 311,423 | 0.2 | |||
| 536,456 | NFP Corp. 2020 Term Loan, 4.310%, (US0001M + 3.250%), 02/15/27 | 509,968 | 0.4 | |||
| 903,328 | OneDigital Borrower LLC 2021 Term Loan, 4.750%, (SOFRRATE + 4.250%), 11/16/27 | 864,937 | 0.6 | |||
| 300,425 | Ryan Specialty Group, LLC Term Loan, 4.134%, (TSFR1M + 3.000%), 09/01/27 | 295,167 | 0.2 | |||
| 444,415 | Sedgwick Claims Management Services, Inc. 2019 Term Loan B, 4.810%, (US0001M + 3.750%), 09/03/26 | 430,805 | 0.3 | |||
| 6,415,897 | 4.5 | |||||
| Leisure Good/Activities/Movies: 5.1% | ||||||
| 341,133 | (2),(3) | 24 Hour Fitness Worldwide, Inc. 2021 Delayed Draw Term Loan, 3.575% (PIK Rate 12.000%, Cash Rate 3.000%), 08/26/22 | 337,721 | 0.2 | ||
| 331,726 | (2) | 24 Hour Fitness Worldwide, Inc. 2021 Exit Delayed Draw Term Loan, 15.305%, (US0003M + 14.000%) (PIK Rate 12.000%, Cash Rate 3.000%), 09/29/26 | 315,139 | 0.2 | ||
| 176,861 | Alterra Mountain Company 2021 Series B-2 Consenting Term Loan, 4.560%, (US0001M + 3.500%), 08/17/28 | 171,334 | 0.1 | |||
| 441,918 | AMC Entertainment Holdings Inc. 2019 Term Loan B, 3.844%, (US0001M + 3.000%), 04/22/26 | 390,190 | 0.3 | |||
| 523,688 | AppLovin Corporation 2021 Term Loan B, 4.060%, (US0001M + 3.000%), 10/25/28 | 511,905 | 0.4 | |||
| 967,575 | City Football Group Limited Term Loan, 4.598%, (US0003M + 3.500%), 07/21/28 | 914,358 | 0.6 | |||
| 678,600 | ClubCorp Club Operations, Inc. 2017 Incremental Term Loan, 3.756%, (US0003M + 2.750%), 09/18/24 | 641,786 | 0.5 | |||
| 7,644 | (2) | Crown Finance US, Inc. 2020 Term Loan B1, 7.000%, (US0003M + 7.000%) (PIK Rate 8.250%, Cash Rate 7.000%), 05/23/24 | 8,735 | 0.0 | ||
| 354,400 | CWGS Group, LLC 2021 Term Loan B, 3.371%, (US0001M + 2.500%), 06/03/28 | 329,223 | 0.2 | |||
| EUR 1,000,000 | GVC Holdings PLC 2019 EUR Term Loan B, 2.250%, (EUR006M + 2.250%), 03/29/24 | 1,036,264 | 0.7 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 205,919 | Hayward Industries, Inc. 2021 Term Loan, 3.560%, (US0001M + 2.500%), 05/30/28 | 199,655 | 0.1 | |||
| 593,163 | MajorDrive Holdings IV LLC Term Loan B, 4.563%, (US0003M + 4.000%), 06/01/28 | 550,158 | 0.4 | |||
| 502,073 | RV Retailer, LLC Term Loan B, 5.168%, (SOFRRATE + 3.750%), 02/08/28 | 451,865 | 0.3 | |||
| 80,185 | Samsonite International S.A. 2020 Incremental Term Loan B2, 4.060%, (US0001M + 3.000%), 04/25/25 | 78,443 | 0.1 | |||
| 335,000 | Scientific Games Holdings LP 2022 USD Term Loan B, 4.175%, (SOFRRATE + 3.500%), 04/04/29 | 322,595 | 0.2 | |||
| 373,450 | The Knot Worldwide Inc. 2022 Term Loan, 5.634%, (SOFRRATE + 4.500%), 12/19/25 | 366,915 | 0.3 | |||
| EUR 681,982 | Thor Industries, Inc. 2021 EUR Term Loan, 3.000%, (EUR001M + 3.000%), 02/01/26 | 706,517 | 0.5 | |||
| 7,332,803 | 5.1 | |||||
| Lodging & Casinos: 2.8% | ||||||
| 348,589 | Arches Buyer Inc. 2021 Term Loan B, 4.310%, (US0001M + 3.250%), 12/06/27 | 330,288 | 0.2 | |||
| 367,204 | Caesars Resort Collection, LLC 2020 Term Loan B1, 4.560%, (US0001M + 3.500%), 07/21/25 | 363,226 | 0.3 | |||
| 370,000 | Century Casinos, Inc 2022 Term Loan, 6.842%, (TSFR1M + 6.000%), 04/02/29 | 358,437 | 0.2 | |||
| 1,332,031 | Golden Entertainment, Inc. 2017 1st Lien Term Loan, 4.030%, (US0001M + 3.000%), 10/21/24 | 1,308,721 | 0.9 | |||
| 250,000 | Hilton Worldwide Finance, LLC 2019 Term Loan B2, 2.756%, (US0001M + 1.750%), 06/22/26 | 244,121 | 0.2 | |||
| 435,000 | Scientific Games International, Inc. 2022 USD Term Loan, 3.882%, (TSFR1M + 3.000%), 04/14/29 | 423,219 | 0.3 | |||
| 156,324 | Stars Group Holdings B.V. (The) 2018 USD Incremental Term Loan, 3.256%, (US0003M + 2.250%), 07/21/26 | 153,114 | 0.1 | |||
| 362,289 | The Enterprise Development Authority Term Loan B, 5.310%, (US0001M + 4.250%), 02/28/28 | 353,232 | 0.2 | |||
| 588,525 | Twin River Worldwide Holdings, Inc. 2021 Term Loan B, 4.050%, (US0001M + 3.250%), 10/02/28 | 565,720 | 0.4 | |||
| 4,100,078 | 2.8 | |||||
| Mortgage REITs: 0.2% | ||||||
| 361,474 | BIFM CA Buyer Inc. Term Loan B, 4.560%, (US0001M + 3.500%), 06/01/26 | 350,629 | 0.2 | |||
| Nonferrous Metals/Minerals: 0.8% | ||||||
| 591,066 | Covia Holdings Corporation 2020 PIK Take Back Term Loan, 5.000%, (US0003M + 4.000%), 07/31/26 | 568,593 | 0.4 | |||
| 555,077 | U.S. Silica Company 2018 Term Loan B, 5.063%, (US0001M + 4.000%), 05/01/25 | 536,228 | 0.4 | |||
| 1,104,821 | 0.8 | |||||
| Oil & Gas: 4.0% | ||||||
| 333,760 | BCP Renaissance Parent LLC 2022 Term Loan B3, 4.534%, (SOFRRATE + 3.500%), 10/31/26 | 326,012 | 0.2 | |||
| 896,026 | Brazos Delaware II, LLC Term Loan B, 4.974%, (US0001M + 4.000%), 05/21/25 | 877,731 | 0.6 | |||
| 189,502 | Glass Mountain Pipeline Holdings, LLC 2021 Exit Term Loan, 5.740%, (US0003M + 4.500%), 10/28/27 | 171,499 | 0.1 | |||
| 823,095 | HGIM Corp. 2018 Exit Term Loan, 7.000%, (US0003M + 6.000%), 07/02/23 | 789,656 | 0.5 | |||
| 417,900 | ITT Holdings LLC 2021 Term Loan, 3.810%, (US0001M + 2.750%), 07/10/28 | 404,666 | 0.3 | |||
| 748,125 | Lucid Energy Group II Borrower, LLC 2021 Term Loan, 5.256%, (US0001M + 4.250%), 11/24/28 | 725,214 | 0.5 | |||
| 314,213 | Medallion Midland Acquisition, LLC 2021 Term Loan, 4.810%, (US0001M + 3.750%), 10/18/28 | 305,179 | 0.2 | |||
| 348,196 | NorthRiver Midstream Finance LP 2018 Term Loan B, 4.217%, (US0003M + 3.250%), 10/01/25 | 340,543 | 0.2 | |||
| 379,050 | Oryx Midstream Services Permian Basin LLC Term Loan B, 4.705%, (US0003M + 3.250%), 10/05/28 | 367,814 | 0.3 | |||
| 198,500 | Southwestern Energy Company 2021 Term Loan, 3.301%, (SOFRRATE + 2.500%), 06/22/27 | 196,515 | 0.1 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 443,888 | TransMontaigne Operating Company L.P. Term Loan B, 4.214%, (US0001M + 3.500%), 11/17/28 | 431,364 | 0.3 | |||
| 363,226 | Traverse Midstream Partners LLC 2017 Term Loan, 5.937%, (SOFRRATE + 4.250%), 09/27/24 | 358,572 | 0.3 | |||
| 548,092 | WaterBridge Midstream Operating LLC Term Loan B, 6.750%, (US0006M + 5.750%), 06/22/26 | 527,196 | 0.4 | |||
| 5,821,961 | 4.0 | |||||
| Publishing: 1.5% | ||||||
| 147,755 | Alchemy Copyrights, LLC Term Loan B, 3.800%, (US0001M + 3.000%), 03/10/28 | 144,061 | 0.1 | |||
| 310,938 | Cengage Learning, Inc. 2021 Term Loan B, 5.750%, (US0003M + 4.750%), 07/14/26 | 296,751 | 0.2 | |||
| 567,150 | Dotdash Meredith Inc Term Loan B, 4.842%, (SOFRRATE + 4.000%), 12/01/28 | 545,173 | 0.4 | |||
| 640,000 | Houghton Mifflin Harcourt Publishing Company 2022 Term Loan, 6.384%, (TSFR1M + 5.250%), 04/09/29 | 593,200 | 0.4 | |||
| 532,325 | McGraw-Hill Global Education Holdings, LLC 2021 Term Loan, 5.555%, (US0006M + 4.750%), 07/28/28 | 507,172 | 0.4 | |||
| 2,086,357 | 1.5 | |||||
| Radio & Television: 3.3% | ||||||
| 298,425 | A-L Parent LLC 2016 1st Lien Term Loan, 4.310%, (US0001M + 3.250%), 12/01/23 | 273,992 | 0.2 | |||
| 687,375 | Clear Channel Outdoor Holdings, Inc. Term Loan B, 4.738%, (US0003M + 3.500%), 08/21/26 | 630,190 | 0.4 | |||
| 1,518,584 | CMG Media Corporation 2021 Term Loan, 4.560%, (US0001M + 3.500%), 12/17/26 | 1,461,637 | 1.0 | |||
| 1,731,488 | Diamond Sports Group, LLC 2022 2nd Lien Term Loan, 4.092%, (SOFRRATE + 3.250%), 08/24/26 | 530,628 | 0.4 | |||
| 269,937 | Diamond Sports Group, LLC 2022 First Priority Term Loan, 9.000%, (SOFRRATE + 8.000%), 05/26/26 | 272,636 | 0.2 | |||
| 503,738 | Gray Television, Inc. 2021 Term Loan D, 3.800%, (US0001M + 3.000%), 12/01/28 | 492,044 | 0.3 | |||
| 120,000 | iHeartCommunications, Inc. 2020 Incremental Term Loan, 4.310%, (US0001M + 3.250%), 05/01/26 | 115,725 | 0.1 | |||
| 763,148 | iHeartCommunications, Inc. 2020 Term Loan, 4.060%, (US0001M + 3.000%), 05/01/26 | 734,121 | 0.5 | |||
| 306,302 | NASCAR Holdings, Inc Term Loan B, 3.560%, (US0001M + 2.500%), 10/19/26 | 300,941 | 0.2 | |||
| 637 | Sinclair Television Group Inc. Term Loan B2B, 3.560%, (US0001M + 2.500%), 09/30/26 | 606 | 0.0 | |||
| 4,812,520 | 3.3 | |||||
| Retailers (Except Food & Drug): 4.5% | ||||||
| 21,111 | AI Aqua Merger Sub, Inc. 2021 1st Lien Delayed Draw Term Loan, 4.209%, (US0003M + 4.000%), 07/31/28 | 20,126 | 0.0 | |||
| 190,000 | AI Aqua Merger Sub, Inc. 2021 1st Lien Term Loan B, 4.545%, (SOFRRATE + 3.750%), 07/31/28 | 181,133 | 0.1 | |||
| 28,704 | AI Aqua Merger Sub, Inc. 2022 Delayed Draw Term loan, 4.050%, (SOFRRATE + 4.000%), 07/31/28 | 27,304 | 0.0 | |||
| 126,296 | AI Aqua Merger Sub, Inc. 2022 Term Loan B, 4.050%, (TSFR1M + 4.000%), 07/31/28 | 120,139 | 0.1 | |||
| 5,911 | Belk, Inc. 2021 FLSO Term Loan, 13.000%, (US0003M + 13.000%), 07/31/25 | 3,024 | 0.0 | |||
| 346,564 | Franchise Group Intermediate Holdco, LLC 2021 First Out Term Loan B, 5.500%, (US0003M + 4.750%), 03/10/26 | 339,200 | 0.2 | |||
| 883,846 | Great Outdoors Group, LLC 2021 Term Loan B1, 4.810%, (US0001M + 3.750%), 03/06/28 | 840,869 | 0.6 | |||
| 891,933 | Harbor Freight Tools USA, Inc. 2021 Term Loan B, 3.810%, (US0001M + 2.750%), 10/19/27 | 829,052 | 0.6 | |||
| 168,725 | Jo-Ann Stores, Inc. 2021 Term Loan B1, 5.964%, (US0003M + 4.750%), 07/07/28 | 137,764 | 0.1 | |||
| 149,625 | Lakeshore Intermediate LLC Term Loan, 4.000%, (US0003M + 3.500%), 09/29/28 | 144,575 | 0.1 | |||
| 271,022 | Leslies Poolmart, Inc. 2021 Term Loan B, 3.019%, (US0003M + 2.500%), 03/09/28 | 261,706 | 0.2 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 390,923 | Mens Wearhouse, Inc. (The) 2020 Take Back Term Loan, 9.286%, (US0003M + 8.000%), 12/01/25 | 379,195 | 0.3 | |||
| 128,863 | Mens Wearhouse, Inc. (The) 2020 Term Loan, 12.286%, (US0003M + 11.000%), 06/01/25 | 128,863 | 0.1 | |||
| 387,075 | Michaels Companies, Inc. 2021 Term Loan B, 5.256%, (US0003M + 4.250%), 04/15/28 | 334,626 | 0.2 | |||
| EUR 1,000,000 | Peer Holding III B.V. 2019 EUR Term Loan B, 3.250%, (EUR003M + 3.250%), 01/16/27 | 1,030,339 | 0.7 | |||
| 339,150 | Petmate Incremental Term Loan B, 6.506%, (US0001M + 5.500%), 09/15/28 | 304,557 | 0.2 | |||
| 597,000 | Pilot Travel Centers LLC 2021 Term Loan B, 3.134%, (TSFR1M + 2.000%), 08/04/28 | 578,904 | 0.4 | |||
| 264,706 | Restoration Hardware, Inc. Term Loan B, 3.000%, (US0003M + 2.500%), 10/20/28 | 243,971 | 0.2 | |||
| 295,689 | Tory Burch LLC Term Loan B, 4.060%, (US0001M + 3.000%), 04/16/28 | 279,549 | 0.2 | |||
| 248,750 | Victorias Secret & Co. Term Loan B, 4.536%, (US0003M + 3.250%), 08/02/28 | 234,758 | 0.2 | |||
| 6,419,654 | 4.5 | |||||
| Surface Transport: 1.8% | ||||||
| 780,235 | American Trailer World Corp. Term Loan B, 4.634%, (SOFRRATE + 3.500%), 03/03/28 | 704,162 | 0.5 | |||
| 296,977 | ENC Holding Corporation 2021 Term Loan, 5.256%, (US0003M + 4.250%), 08/04/28 | 288,068 | 0.2 | |||
| 26,531 | (1) | ENC Holding Corporation Delayed Draw Term Loan, 4.370%, (US0003M + 4.250%), 08/19/28 | 25,735 | 0.0 | ||
| 115,000 | LaserShip, Inc. 2021 2nd Lien Term Loan, 8.250%, (US0003M + 7.500%), 05/07/29 | 112,125 | 0.1 | |||
| 502,475 | LaserShip, Inc. 2021 Term Loan, 5.250%, (US0003M + 4.500%), 05/07/28 | 480,701 | 0.3 | |||
| 401,963 | Savage Enterprises LLC 2021 Term Loan B, 4.220%, (US0001M + 3.250%), 09/15/28 | 392,165 | 0.3 | |||
| 423,938 | Worldwide Express Operations, LLC 2021 1st Lien Term Loan, 5.256%, (US0003M + 4.250%), 07/26/28 | 397,441 | 0.3 | |||
| 150,000 | Worldwide Express Operations, LLC 2021 2nd Lien Term Loan, 8.006%, (US0003M + 7.000%), 07/26/29 | 138,375 | 0.1 | |||
| 2,538,772 | 1.8 | |||||
| Technology: 1.6% | ||||||
| 150,000 | ARISTOCRAT TECHNOLOGIES INC 2022 TERM LOAN B, 3.331%, (TSFR1M + 2.250%), 05/04/29 | 147,703 | 0.1 | |||
| 598,983 | Misys (Finastra) - TL B 1L, 4.739%, (US0003M + 3.500%), 06/13/24 | 567,322 | 0.4 | |||
| 645,000 | MKS Instruments, Inc. 2022 USD Term Loan B 1L, 3.831%, (TSFR1M + 2.750%), 04/08/29 | 636,937 | 0.5 | |||
| 330,340 | RealPage, Inc. Term Loan B 1L, 4.310%, (US0001M + 3.250%), 04/24/28 | 317,769 | 0.2 | |||
| 694,694 | Veritas US Inc. 2021 USD Term Loan B, 6.006%, (US0003M + 5.000%), 09/01/25 | 603,226 | 0.4 | |||
| 2,272,957 | 1.6 | |||||
| Telecommunications: 9.5% | ||||||
| 287,399 | Altice Financing SA USD 2017 1st Lien Term Loan, 3.794%, (US0003M + 2.750%), 01/31/26 | 273,748 | 0.2 | |||
| 807,500 | Altice France S.A. USD Term Loan B11, 3.989%, (US0003M + 2.750%), 07/31/25 | 759,723 | 0.5 | |||
| 696,474 | Asurion LLC 2020 Term Loan B8, 4.310%, (US0001M + 3.250%), 12/23/26 | 661,302 | 0.5 | |||
| 255,000 | Asurion LLC 2021 2nd Lien Term Loan B3, 6.310%, (US0001M + 5.250%), 01/31/28 | 230,217 | 0.2 | |||
| 560,000 | Asurion LLC 2021 Second Lien Term Loan B4, 6.310%, (US0001M + 5.250%), 01/20/29 | 504,875 | 0.3 | |||
| 700,000 | Avaya, Inc. 2020 Term Loan B, 5.125%, (US0001M + 4.250%), 12/15/27 | 534,625 | 0.4 | |||
| 760,000 | Avaya, Inc. 2021 Term Loan B2, 4.875%, (US0001M + 4.000%), 12/15/27 | 578,075 | 0.4 | |||
| 147,750 | Cablevision Lightpath LLC Term Loan B, 4.125%, (US0001M + 3.250%), 11/30/27 | 143,317 | 0.1 | |||
| 608,463 | CCI Buyer, Inc. Term Loan, 4.750%, (US0003M + 4.000%), 12/17/27 | 584,277 | 0.4 | |||
| 1,492,366 | CenturyLink, Inc. 2020 Term Loan B, 3.310%, (US0001M + 2.250%), 03/15/27 | 1,405,623 | 1.0 | |||
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| 826,306 | CommScope, Inc. 2019 Term Loan B, 4.310%, (US0001M + 3.250%), 04/06/26 | 786,024 | 0.5 | |||
| 747,225 | Connect Finco Sarl 2021 Term Loan B, 4.560%, (US0001M + 3.500%), 12/11/26 | 719,204 | 0.5 | |||
| 329,998 | Digi International Inc. Term Loan B, 5.500%, (US0003M + 5.000%), 11/01/28 | 323,673 | 0.2 | |||
| 1,927,154 | Global Tel*Link Corporation 2018 1st Lien Term Loan, 5.310%, (US0001M + 4.250%), 11/29/25 | 1,822,566 | 1.3 | |||
| 552,797 | Global Tel*Link Corporation 2018 2nd Lien Term Loan, 11.134%, (SOFRRATE + 10.000%), 11/29/26 | 518,938 | 0.4 | |||
| 193,538 | GOGO Intermediate Holdings LLC Term Loan B, 4.989%, (US0003M + –%), 04/30/28 | 188,022 | 0.1 | |||
| 153,000 | Gridiron Fiber Corp. Term Loan, 5.506%, (US0003M + 4.500%), 10/04/28 | 146,880 | 0.1 | |||
| 617,774 | GTT Communications, Inc. 2018 USD Term Loan B, 7.750%, (PRIME + 3.750%), 05/31/25 | 493,601 | 0.3 | |||
| 1,012,419 | Intelsat Jackson Holdings S.A. 2021 Exit Term Loan B, 4.920%, (SOFRRATE + 4.250%), 02/01/29 | 958,761 | 0.7 | |||
| 491,415 | Iridium Satellite LLC 2021 Term Loan B2, 3.560%, (US0001M + 2.500%), 11/04/26 | 479,130 | 0.3 | |||
| 250,000 | Level 3 Financing Inc. 2019 Term Loan B, 1.996%, (US0001M + 1.750%), 03/01/27 | 240,521 | 0.2 | |||
| 285,000 | Venga Finance Sarl 2021 USD Term Loan B, 4.923%, (US0003M + 4.750%), 12/04/28 | 276,213 | 0.2 | |||
| 190,000 | ViaSat, Inc. Term Loan, 5.649%, (SOFRRATE + 4.500%), 03/02/29 | 184,537 | 0.1 | |||
| 960,000 | Zayo Group Holdings, Inc. USD Term Loan, 4.060%, (US0001M + 3.000%), 03/09/27 | 899,880 | 0.6 | |||
| 13,713,732 | 9.5 | |||||
| Utilities: 1.3% | ||||||
| 190,714 | Covanta Holding Corporation 2021 Term Loan B, 3.560%, (US0001M + 2.500%), 11/30/28 | 186,821 | 0.1 | |||
| 14,286 | Covanta Holding Corporation 2021 Term Loan C, 3.560%, (US0001M + 2.500%), 11/30/28 | 13,994 | 0.0 | |||
| 642,771 | Edgewater Generation, L.L.C. Term Loan, 4.810%, (US0001M + 3.750%), 12/13/25 | 589,513 | 0.4 | |||
| 263,829 | Generation Bridge Acquisition, LLC Term Loan B, 6.006%, (US0003M + 5.000%), 12/01/28 | 262,509 | 0.2 | |||
| 5,510 | Generation Bridge Acquisition, LLC Term Loan C, 6.006%, (US0003M + 5.000%), 12/01/28 | 5,483 | 0.0 | |||
| 694,218 | Nautilus Power, LLC Term Loan B, 5.310%, (US0001M + 4.250%), 05/16/24 | 564,920 | 0.4 | |||
| 243,163 | Tiger Acquisition, LLC 2021 Term Loan, 4.310%, (US0001M + 3.250%), 06/01/28 | 220,860 | 0.2 | |||
| 1,844,100 | 1.3 | |||||
| Total Senior Loans | ||||||
| (Cost $212,759,602) | 202,374,771 | 140.6 | ||||
| Shares | Value | Percentage of Net Assets | ||||
| EQUITIES AND OTHER ASSETS: 1.4% | ||||||
| 135,911 | (3),(4) | 24 Hour Fitness Worldwide, Inc. | 56,811 | 0.1 | ||
| 181,068 | (3),(4) | 24 Hour Fitness Worldwide, Inc. - Preferred | 181,068 | 0.1 | ||
| 25,562 | (3),(4) | Cineworld Group PLC | 3,414 | 0.0 | ||
| 58,667 | (3),(4) | Covia Specialty Minerals, Inc. | 806,671 | 0.6 | ||
| 23,578 | (4) | Cumulus Media, Inc. Class-A | 284,115 | 0.2 | ||
| 14,717 | (3),(4) | Harvey Gulf International Marine LLC | 117,736 | 0.1 | ||
| 9,332 | (3),(4) | Harvey Gulf International Marine LLC - Warrants | 74,656 | 0.0 | ||
| 4,941 | (3),(4) | iQor | 30,881 | 0.0 | ||
| 41,629 | (3),(4) | Longview Power LLC | 444,057 | 0.3 | ||
| 2,581 | (3) | Riverbed Technology, Inc. | 19,874 | 0.0 | ||
| 29,663 | (3),(4) | Save-A-Lot, Inc. / Moran Foods | – | 0.0 | ||
| 42,856 | (3),(4) | The Oneida Group (formerly EveryWare Global, Inc.) | 428 | 0.0 | ||
| Total Equities and Other Assets | ||||||
| (Cost $2,559,639) | 2,019,711 | 1.4 | ||||
| Total Investments (Cost $215,319,241) |
$ 204,394,482 | 142.0 | ||||
| Liabilities in Excess of Other Assets | (60,447,013) | (42.0) | ||||
| Net Assets | $ 143,947,469 | 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. |
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
| † | Unless otherwise indicated, principal amount is shown in USD. |
| (1) | All or a portion of this holding is subject to unfunded loan commitments. |
| (2) | All or a portion of this Senior Loan is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates. |
| (3) | For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs. |
| (4) | Non-income producing security. |
| Reference Rate Abbreviations: | |
| EUR001M | 1-month EURIBOR |
| EUR003M | 3-month EURIBOR |
| EUR0012M | 12-month EURIBOR |
| PRIME | Federal Reserve Bank Prime Loan Rate |
| SOFRRATE | 1-day Secured Overnight Financing Rate |
| TSFR1M | 1-month CME Term Secured Overnight Financing Rate |
| TSFR3M | 3-month CME Term Secured Overnight Financing Rate |
| US0001M | 1-month LIBOR |
| US0003M | 3-month LIBOR |
| US0006M | 6-month LIBOR |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of May 31, 2022 in valuing the assets and liabilities:(1)
| 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, 2022 | |||||||||||||
| Asset Table | ||||||||||||||||
| Investments, at fair value | ||||||||||||||||
| Senior Loans | $ | – | $ | 202,037,050 | $ | 337,721 | $ | 202,374,771 | ||||||||
| Equities and Other Assets | 284,115 | – | 1,735,596 | 2,019,711 | ||||||||||||
| Total Investments, at fair value | $ | 284,115 | $ | 202,037,050 | $ | 2,073,317 | $ | 204,394,482 | ||||||||
| Other Financial Instruments+ | ||||||||||||||||
| Forward Foreign Currency Contracts | – | 7,630 | – | 7,630 | ||||||||||||
| Total Assets | $ | 284,115 | $ | 202,044,680 | $ | 2,073,317 | $ | 204,402,112 | ||||||||
| Liabilities Table | ||||||||||||||||
| Other Financial Instruments+ | ||||||||||||||||
| Forward Foreign Currency Contracts | $ | – | $ | (114,521 | ) | $ | – | $ | (114,521 | ) | ||||||
| Total Liabilities | $ | – | $ | (114,521 | ) | $ | – | $ | (114,521 | ) | ||||||
| (1) | For the period ended May 31, 2022, certain securities have transferred in and out of Level 2 and Level 3 measurements during the year. At May 31, 2022, securities valued at $2,155,488 were transferred from Level 2 to Level 3 within the fair value hierarchy due to a lack of significant other observable inputs. |
| + | Other Financial Instruments are derivatives not reflected in the Portfolio of Investments and include open forward foreign currency contracts which are fair valued at the unrealized appreciation (depreciation) on the instrument. |
| At May 31, 2022, the following forward foreign currency contracts were outstanding for Voya Senior Income Fund: | ||||||||||
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||||||
| USD 7,268,848 | EUR 6,886,000 | State Street Bank & Trust Co. | 12/14/21 | $ | (106,502 | ) | ||||
| EUR 6,886,000 | USD 7,383,369 | State Street Bank & Trust Co. | 06/14/22 | (8,019 | ) | |||||
| USD 6,722,260 | EUR 6,259,000 | State Street Bank & Trust Co. | 07/13/22 | 7,630 | ||||||
| $ | (106,891 | ) | ||||||||
| Currency Abbreviations | ||
| EUR | - | EU Euro |
| USD | - | United States Dollar |
| Voya Senior Income Fund | PORTFOLIO OF INVESTMENTS |
| as of May 31, 2022 (Unaudited) (Continued) |
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio's assets and liabilities during the period ended May 31, 2022:
| Equities and Other Assets* | Senior Loans** | Total | ||||||||||
| Assets: | ||||||||||||
| Beginning balance at February 28, 2022 | $ | - | $ | - | $ | - | ||||||
| Purchases | - | - | - | |||||||||
| Sales | - | - | - | |||||||||
| Accrued discounts/(premiums) | - | - | - | |||||||||
| Total realized gain (loss) | - | - | - | |||||||||
| Net change in unrealized appreciation (depreciation)** | - | - | - | |||||||||
| Transfers into Level 3 | 1,735,596 | 337,721 | 2,073,317 | |||||||||
| Transfers out of Level 3 | - | - | - | |||||||||
| Ending balance at May 31, 2022 | $ | 1,735,596 | $ | 337,721 | $ | 2,073,317 | ||||||
| Net change in unrealized appreciation (depreciation) on Level 3 securities still held as of May 31, 2022*** | $ | - | $ | - | $ | - | ||||||
* Securities categorized as Level 3 were fair valued based on a single quotation obtained from a broker. The Fund does not have access to the unobservable inputs and therefore cannot disclose such inputs used in formulating such quotation.
** Senior loan transferred into Level 3 due to lack of significant other unobservable inputs.
** Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on Level 3 securities still held at May 31, 2022 may be due to securities no longer held or categorized as Level 3 at period end.
At May 31, 2022, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were:
Cost for federal income tax purposes was $216,029,836.
Net unrealized depreciation consisted of:
| Gross Unrealized Appreciation | $ 727,223 | ||
| Gross Unrealized Depreciation | (11,919,750 | ) | |
| Net Unrealized Depreciation | $(11,192,527 | ) |