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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: 811-5410

 

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, 2014

 

 
 

 

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, 2014 (Unaudited)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: 142.4%       
       Aerospace & Defense: 0.6%        
 3,386,514      American Airlines, Inc., Term Loan, 3.750%, 06/27/19  $3,360,411    0.4 
 1,650,000      Custom Sensors & Technologies, First Lien Term Loan, 4.500%, 09/30/21   1,650,000    0.2 
            5,010,411    0.6 
                   
        Automotive: 6.0%          
 2,000,000      BBB Industries US Holdings, Inc., First Lien Term Loan, 6.000%, 11/03/21   1,990,000    0.2 
 2,344,125      Cooper-Standard Automotive Inc., Term Loan B, 4.000%, 04/01/21   2,332,770    0.3 
 6,184,500      Federal-Mogul Corporation, Term Loan C, 4.750%, 04/15/21   6,177,876    0.7 
 3,979,112      Fram Group Holdings Inc., First Lien Term Loan, 6.500%, 07/31/17   3,996,520    0.5 
 1,758,589      Fram Group Holdings Inc., Second Lien Term Loan, 10.500%, 01/29/18   1,745,400    0.2 
 12,000,000      Gates Global LLC, First Lien Secured Term Loan, 4.250%, 06/30/21   11,899,284    1.3 
 3,800,000      Key Safety Systems, Inc., First Lien Term Loan, 4.750%, 08/29/21   3,804,750    0.4 
 7,500,000   (1)  Metaldyne Performance Group, Term Loan B, 4.500%, 10/08/21   7,539,847    0.9 
 268,354      Service King, Delayed Draw TL, 4.750%, 08/18/21   269,361    0.0 
 2,381,646      Service King, Term Loan B, 4.750%, 08/18/21   2,390,577    0.3 
 6,199,151      TI Group Automotive Systems, L.L.C., Term Loan B, 4.250%, 07/02/21   6,183,653    0.7 
 4,589,728      UCI International, Inc., Term Loan B, 5.500%, 07/26/17   4,593,551    0.5 
            52,923,589    6.0 
                   
        Beverage & Tobacco: 2.3%          
EUR  3,075,000      Iglo Foods, Term loan B1 (EUR), 4.260%, 06/30/20   3,759,881    0.4 
GBP2,675,000      Iglo Foods, Term loan B2 (GBP), 5.250%, 06/30/20   4,063,445    0.5 
EUR  10,000,000      Jacobs Douwe Egberts, TL B-1 EUR, 3.500%, 06/30/21  12,395,643    1.4 
            20,218,969    2.3 
                   
        Building & Development: 1.6%          
 7,180,500      Doosan Infracore Bobcat Holdings Co., Ltd., Term Loan B, 4.500%, 05/27/21   7,198,451    0.8 
 1,782,045      Minimax Viking GmbH, Facility B1 Loan, 4.250%, 08/30/20   1,772,021    0.2 
 4,236,969      NCI Building Systems, Inc., Term Loan, 4.250%, 06/24/19   4,188,422    0.5 
 545,000      Quikrete Holdings, Second Lien Term Loan, 7.000%, 03/23/21   550,450    0.1 
            13,709,344    1.6 
                   
        Business Equipment & Services: 13.7%          
 6,400,000      Acosta, Inc., Term Loan B, 5.000%, 09/26/21   6,439,002    0.7 
 395,968      Advantage Sales & Marketing, Inc., Delayed Draw Term Loan, 4.250%, 07/21/21   393,740    0.0 
 11,879,032      Advantage Sales & Marketing, Inc., First Lien Term Loan, 4.250%, 07/21/21   11,812,213    1.3 
 3,900,000      Advantage Sales & Marketing, Inc., Second Lien Term Loan, 7.500%, 07/21/22   3,888,160    0.4 
 2,000,000      AlixPartners LLP, Second Lien Term Loan, 9.000%, 07/09/21   2,040,626    0.2 
 3,888,248      AlixPartners LLP, Term Loan B-2, 4.000%, 07/09/20   3,868,807    0.4 
 1,980,000      Allflex Holdings III, Inc., First Lien Term Loan, 4.250%, 07/17/20   1,972,575    0.2 
 1,300,000      Allflex Holdings III, Inc., Second Lien Term Loan, 8.000%, 07/19/21   1,306,500    0.2 
 2,209,463      Catalina Marketing Corporation, First Lien Term Loan, 4.500%, 04/01/21   2,158,828    0.3 
 2,700,000      Catalina Marketing Corporation, Second Lien Term Loan, 7.750%, 04/01/22   2,568,375    0.3 
 2,600,000   (1)  Central Security Group, Inc., First Lien Term Loan, 6.250%, 09/30/20   2,580,500    0.3 
 6,489,716      Coinmach Service Corp., Upsized Term Loan, 4.250%, 11/15/19   6,455,645    0.7 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Business Equipment & Services: (continued)        
 225,223      CPA Global Financing, First Lien Term Loan USD, 4.500%, 11/30/20  $225,358    0.0 
 3,297,248      First American Payment Systems, First Lien Term Loan, 5.750%, 09/30/18   3,293,126    0.4 
 1,631,261      First American Payment Systems, Second Lien, 10.750%, 03/30/19   1,623,105    0.2 
 4,353,578      GCA Services, Replacement Term Loan, 4.330%, 11/01/19   4,331,810    0.5 
 6,487,500      Interactive Data Corporation, Term Loan B, 4.500%, 05/01/21   6,526,023    0.7 
EUR3,391,500      ION Trading Technologies Limited, First Lien Term Loan EURO, 4.500%, 06/10/21   4,225,781    0.5 
 520,817      ION Trading Technologies Limited, First Lien Term Loan USD, 4.250%, 06/10/21   518,864    0.1 
 1,000,000      ION Trading Technologies Limited, Second Lien Term Loan, 7.250%, 06/10/22   985,000    0.1 
 5,809,524      iQor, First Lien Term Loan, 6.000%, 04/01/21   5,533,571    0.6 
 2,500,000      iQor, Second Lien Term Loan, 9.750%, 04/01/22   2,306,250    0.3 
 2,985,000      Knowledge Universe Education, LLC, Term Loan B, 5.250%, 03/20/21   3,026,044    0.3 
 2,967,563      Learning Care Group, Term Loan, 5.500%, 05/01/21   2,978,691    0.3 
 3,870,968      Legal Shield, First Lien Term Loan, 6.250%, 07/01/19   3,880,645    0.4 
 2,000,000      Legal Shield, Second Lien Term Loan, 9.750%, 07/01/20   2,015,000    0.2 
 2,118,436      Miller Heiman, Inc., Term Loan B, 6.750%, 09/30/19   2,071,655    0.2 
 2,600,000      Onsite Rental Group Operations Pty Ltd., Senior Secured Term Loan, 5.500%, 07/30/21   2,583,750    0.3 
 2,765,000      RentPath, Inc., Term Loan B, 6.250%, 05/29/20   2,764,137    0.3 
 2,256,250      SGS International, Term Loan, 4.250%, 10/17/19   2,244,969    0.3 
 3,030,000      Ship US Bidco, Inc. (Worldpay), Term Loan B2A-II, 5.250%, 11/30/19   3,041,362    0.4 
GBP1,710,000      Ship US Bidco, Inc. (Worldpay), Term Loan C1, 5.750%, 11/30/19  2,679,738    0.3 
 780,000      Ship US Bidco, Inc. (Worldpay), Term Loan C2, 4.750%, 11/29/19   781,755    0.1 
EUR497,500      Sophos, Term Loan B EUR, 5.250%, 01/30/21   621,967    0.1 
 597,000      Sophos, Term Loan B USD, 5.000%, 01/30/21   598,990    0.1 
 5,045,000   (1)  SourceHOV, First Lien Term Loan, 10/27/19   4,915,722    0.6 
 2,300,000   (1)  SourceHOV, Second Lien Term Loan, 04/27/20   2,222,375    0.3 
 4,381,460      SurveyMonkey.com, LLC, Term Loan B, 5.500%, 02/07/19   4,396,467    0.5 
 585,353   (1)  Sutherland Global Services, Term Loan B Cayman, 6.000%, 04/22/21   588,280    0.1 
 2,514,647   (1)  Sutherland Global Services, Term Loan B, 6.000%, 04/22/21   2,527,220    0.3 
 1,483,028   (1)  Wash Multi-Family Services, USD Term Loan, 4.500%, 02/21/19   1,467,271    0.2 
            120,459,897    13.7 
                   
        Cable & Satellite Television: 3.6%          
 6,250,000      Charter Communications Operating, LLC, TLG, 4.250%, 09/12/21   6,302,244    0.7 
 3,280,613   (1)  Liberty Cablevision of Puerto Rico LLC., First Lien Term Facility, 4.500%, 01/07/22   3,273,779    0.4 
 250,000      Liberty Cablevision of Puerto Rico LLC., Second Lien Facility, 7.750%, 06/30/23   249,375    0.0 
 4,478,827      RCN Cable, Term Loan B, 4.500%, 02/25/20   4,490,024    0.5 
GBP4,750,000      Virgin Media Investment Holdings Limited, Term loan E (GBP), 4.250%, 06/30/23   7,404,162    0.8 
 10,181,377      Wideopenwest Finance, LLC, Term Loan B, 4.750%, 04/01/19   10,180,318    1.2 
            31,899,902    3.6 
                   
        Chemicals & Plastics: 6.3%          
 2,540,800      Armacell, First Lien Term Loan, 5.500%, 06/30/20   2,553,504    0.3 
 5,554,680      Arysta LifeScience Corporation, First Lien Term Loan, 4.500%, 05/29/20   5,550,309    0.6 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Chemicals & Plastics: (continued)        
 1,867,192      AZ Chem US Inc., First Lien Senior Secured Term Loan, 4.500%, 06/13/21  $1,869,526    0.2 
 1,200,000   (1)  Eco Services, Term Loan, 10/08/21   1,203,000    0.1 
 2,250,000      Emerald Performance Materials LLC, First Lien Term Loan, 4.500%, 08/15/21   2,239,218    0.3 
 1,000,000      Emerald Performance Materials LLC, Second Lien Term Loan, 7.750%, 08/15/22   987,917    0.1 
 995,000      Ennis Flint (a.k.a Road Infrastructure Investment LLC), First Lien Term Facility, 4.250%, 04/01/21   963,596    0.1 
 2,000,000      Flint Group Holdings S.A.R.L., Second Lien, 8.250%, 09/05/22   1,920,000    0.2 
 3,904,535   (1)  Flint Group Holdings S.A.R.L., USD TL B2, 4.750%, 09/03/21   3,894,774    0.5 
 645,465   (1)  Flint Group Holdings S.A.R.L., USD TL C, 4.750%, 09/03/21   643,851    0.1 
 3,790,509      Gemini HDPE LLC, Senior Secured Term Loan, 4.750%, 08/06/21   3,802,354    0.4 
 650,000      Houghton International, Inc., Second Lien Term Loan, 9.500%, 12/20/20   656,500    0.1 
 1,974,825      Houghton International, Inc., USD Second Lien Term Loan, 4.000%, 12/20/19   1,967,419    0.2 
 895,500      Kronos Worldwide, Inc., Term Loan B Facility, 4.750%, 02/21/20   898,634    0.1 
 1,598,981      Monarch (Allnex S.a.r.l.), First Lien Term Loan B-1, 4.500%, 10/03/19   1,596,983    0.2 
 829,630      Monarch (Allnex S.a.r.l.), First Lien Term Loan B-2, 4.500%, 10/03/19   828,593    0.1 
EUR 936,318      Monarch (Allnex S.a.r.l.), First Lien Term Loan Euro, 4.750%, 10/01/19   1,167,176    0.1 
 1,200,000      Orion Engineered Carbons, Term loan B (USD), 5.000%, 07/25/21   1,204,500    0.2 
 2,321,550      Oxea S.a.r.l., First Lien Term Loan USD, 4.250%, 01/15/20   2,283,825    0.3 
 776,136      Royal Adhesives & Sealants, First Lien Term Facility, 5.500%, 08/01/18  780,017    0.1 
 3,700,000   (1)  Solenis International, L.P., USD First Lien Term Loan, 4.250%, 07/31/21   3,652,207    0.4 
EUR 400,000   (1)  Styrolution Group GmbH, TL B-1 Euro, 10/15/19   498,002    0.1 
 1,000,000   (1)  Styrolution Group GmbH, TL B-1 USD, 11/07/19   1,001,875    0.1 
EUR  800,000   (1)  Styrolution Group GmbH, TL B-2 Euro, 10/15/19   996,004    0.1 
 2,000,000   (1)  Styrolution Group GmbH, TL B-2 USD, 11/07/19   2,003,750    0.2 
 6,980,524      Univar Inc., Term Loan B, 5.000%, 06/30/17   6,957,076    0.8 
 2,886,107      Vantage Specialties Inc., Incremental Term Loan Facility, 5.000%, 02/10/19   2,880,695    0.3 
            55,001,305    6.3 
                   
        Clothing/Textiles: 0.5%          
 3,157,265      Herff Jones, Inc., First Lien Term Loan, 5.500%, 06/25/19   3,154,635    0.3 
 1,527,316      Vince, LLC, Term Loan, 5.750%, 11/27/19   1,530,180    0.2 
            4,684,815    0.5 
                   
        Conglomerates: 1.6%          
 3,000,000      Jason Incorporated, First Lien Term Loan, 5.500%, 06/30/21   2,996,250    0.3 
 600,000      Jason Incorporated, Second Lien Term Loan, 9.000%, 06/30/22   588,000    0.1 
 2,700,000      ServiceMaster Company, Term Loan, 4.250%, 06/30/21   2,689,200    0.3 
 2,564,100      Waterpik, First Lien, 5.750%, 07/01/20   2,554,485    0.3 
 5,043,913      WireCo WorldGroup, Inc., Term Loan B, 6.000%, 02/15/17   5,061,254    0.6 
            13,889,189    1.6 
                   
        Containers & Glass Products: 1.8%          
 3,500,000      Berlin Packaging, LLC, First Lien Term Loan, 4.500%, 09/24/21   3,497,084    0.4 
 630,000      Berlin Packaging, LLC, Second Lien Term Facility, 7.750%, 09/24/22   630,630    0.0 
 2,403,263      EveryWare, Inc., Term Loan, 7.750%, 05/21/20   1,586,154    0.2 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Containers & Glass Products: (continued)        
 3,472,569      Husky Injection Molding Systems, Ltd., Incremental Term Loan, 4.250%, 06/30/21  $3,446,525    0.4 
 4,189,500      Otter Products, TLB, 5.750%, 06/03/20   4,155,460    0.5 
 1,682,576      WNA Holdings Inc (a.k.a Waddington Group), USD Term Loan (Canadian Borrower), 4.500%, 06/07/20   1,680,473    0.2 
 1,224,787      WNA Holdings Inc (a.k.a Waddington Group), USD Upsized Term Loan (US Borrower), 4.500%, 05/23/20   1,223,256    0.1 
            16,219,582    1.8 
                   
        Diversified Insurance: 5.5%          
 6,120,294      AmWINS Group, Inc., Term Loan B, 5.000%, 09/06/19   6,141,336    0.7 
 2,878,250      Applied Systems Inc., First Lien Term Loan, 4.250%, 01/15/21   2,867,097    0.3 
 1,950,000   (1)  Applied Systems Inc., Second Lien Term Loan, 7.500%, 01/15/22   1,957,312    0.2 
 3,209,375      Cooper Gay Swett & Crawford, Ltd., First Lien Term Loan, 5.000%, 04/16/20   2,992,742    0.3 
 1,400,000      Cooper Gay Swett & Crawford, Ltd., Second Lien Term Loan, 8.250%, 10/15/20   1,235,500    0.2 
 11,885,275      Hub International Limited, Term Loan B, 4.250%, 10/02/20   11,781,279    1.3 
 5,058,310      National Financial Partners Corp., Term Loan B, 4.500%, 07/01/20   5,035,128    0.6 
 6,368,000      Sedgwick Holdings, Inc., First Lien Term Loan, 3.750%, 02/28/21   6,245,282    0.7 
 4,900,000      Sedgwick Holdings, Inc., Second Lien Term Loan, 6.750%, 02/28/22   4,797,409    0.6 
 5,060,261      USI, Inc., Term Loan, 4.250%, 12/27/19   5,009,659    0.6 
            48,062,744    5.5 
                   
        Drugs: 0.6%          
 5,200,000      Akorn, Inc., Term Loan, 4.500%, 04/17/21   5,226,000    0.6 
                   
        Ecological Services & Equipment: 1.2%          
 5,250,000      4L Holdings Inc., Term loan B, 5.500%, 05/08/20   5,236,875    0.6 
 5,797,156      ADS Waste Holdings, Inc., B-2, 3.750%, 10/09/19  5,701,144    0.6 
            10,938,019    1.2 
                   
        Electronics/Electrical: 14.6%          
 2,927,881      Active Network, Inc., First Lien Term Loan, 5.500%, 11/18/20   2,917,510    0.3 
 2,686,500      Aptean Holdings, Inc., First Lien Term Loan, 5.250%, 02/26/20   2,639,486    0.3 
 700,000      Aptean Holdings, Inc., Second Lien Term Loan, 8.500%, 02/26/21   675,500    0.1 
 1,842,105      Aspect Software, Inc., Term Loan, 7.250%, 05/09/16   1,835,197    0.2 
 2,329,776      Avast Software, Term Loan, 4.750%, 03/21/20   2,336,571    0.3 
 7,862,226      Blackboard Inc., Term Loan B-3, 4.750%, 10/04/18   7,872,054    0.9 
 3,792,010      Blue Coat Systems, Inc., First Lien Term Loan, 4.000%, 05/31/19   3,742,239    0.4 
 3,100,000      Blue Coat Systems, Inc., Second Lien Term Loan, 9.500%, 06/28/20   3,111,625    0.4 
EUR3,712,500      Dell International LLC, Euro Term Loans, 4.750%, 04/30/20   4,655,713    0.5 
 9,875,475      Dell International LLC, Term B Loans, 4.500%, 04/30/20   9,902,968    1.1 
 1,995,000      ECI, Term Loan B, 5.750%, 05/28/21   2,004,143    0.2 
 1,422,853      Epicor Software Corporation, Term Loan B-2, 4.000%, 05/16/18   1,420,362    0.2 
 3,618,450      Epiq Systems, Inc., Term Loan, 4.250%, 08/27/20   3,600,358    0.4 
 980,625      Eze Castle Software, Inc., Second Lien Term Loan, 7.250%, 04/04/21   968,367    0.1 
 987,538      Eze Castle Software, Inc., Term Loan B-1, 4.000%, 04/04/20   977,045    0.1 
 1,950,000      FCI International S.A.S., Term Loan B, 6.250%, 12/31/20   1,960,969    0.2 
 8,361,508      Freescale Semiconductor, Inc., Tranche B-4 Term Loan, 4.250%, 03/01/20   8,303,279    1.0 
 2,227,500      Freescale Semiconductor, Inc., Tranche B-5 Term Loan, 5.000%, 01/15/21   2,236,316    0.3 
 8,169,721      Go Daddy Operating Company, LLC, Term Loan, 4.750%, 05/13/21   8,155,866    0.9 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Electronics/Electrical: (continued)        
EUR2,462,500      Greeneden U.S. Holdings II, LLC, Euro Term Loan, 4.750%, 02/08/20  $3,075,392    0.4 
 2,844,469      Hyland Software, Inc., First Lien Term Loan, 4.750%, 02/19/21   2,852,024    0.3 
 1,868,883      Infor (US), Inc., Term Loan B5, 3.750%, 06/03/20   1,847,858    0.2 
 10,123,159      Kronos Incorporated, Upsized Term Loan, 4.500%, 10/30/19   10,153,529    1.2 
 3,840,375      M/A-COM Technology Solutions Holdings, Inc., Term Loan B, 4.500%, 05/07/21   3,840,375    0.4 
EUR595,500      Oberthur Technologies, Tranche B-1 Term Loans, 4.750%, 10/15/19   732,376    0.1 
 2,693,393      Oberthur Technologies, Tranche B-2 Term Loans, 4.500%, 10/15/19   2,658,043    0.3 
 2,014,775      Omnitracs Inc., Upsized First Lien Term Loan, 4.750%, 11/25/20   2,013,097    0.2 
 575,000      Omnitracs Inc., Upsized Second Lien Term Loan, 8.750%, 05/25/21   571,166    0.1 
 4,787,618      Open Link Financial, Inc., Term Loan, 6.250%, 10/30/17   4,790,610    0.6 
 8,281,558      RedPrairie Corporation, First Lien Term Loan, 6.000%, 12/21/18   7,792,946    0.9 
 2,374,194      RedPrairie Corporation, Second Lien Term Loan, 11.250%, 12/20/19   2,068,516    0.2 
 2,992,500      Skillsoft Corp., First Lien Term Loan, 5.750%, 04/28/21   2,968,452    0.3 
 1,000,000   (1)  TIBCO Software, Inc., First Lien Term Loan, 12/05/20   982,917    0.1 
 1,105,263      Websense, Inc., Second Lien Term Loan, 8.250%, 12/24/20   1,096,974    0.1 
 2,272,334      Websense, Inc., Term Loan B, 4.500%, 06/25/20   2,259,553    0.3 
 9,000,000      Zebra Technologies, Term Loan B, 4.750%, 10/27/21   9,087,750    1.0 
            128,107,146    14.6 
                   
        Equity REITs and REOCs: 0.2%          
 2,150,000      Capital Automotive L.P., Second Lien Term Loan, 6.000%, 04/29/20   2,166,125    0.2 
 2,726      Capital Automotive L.P., Term Loan, 4.000%, 04/10/19  2,726    0.0 
            2,168,851    0.2 
                   
        Financial Intermediaries: 2.1%          
 1,732,468      Duff & Phelps, Add-On Term Loan, 4.500%, 04/23/20   1,729,220    0.2 
 3,426,722      Guggenheim Partners Investment Management Holdings, LLC, Term Loan B, 4.250%, 07/22/20   3,425,865    0.4 
 1,255,875      MoneyGram International, Inc., Term Loan B, 4.250%, 03/27/20   1,155,405    0.1 
 4,374,500   (1)  Santander Asset Management, Term Loan B-1 USD, 4.250%, 11/30/20   4,407,308    0.5 
EUR992,500      Santander Asset Management, Term Loan B-2 EURO, 4.500%, 11/30/20   1,237,596    0.1 
 5,273,500      Trans Union LLC, Term Loan B, 4.000%, 03/21/21   5,236,148    0.6 
 1,468,900      Walker & Dunlop, Term Loan, 5.250%, 12/15/20   1,468,900    0.2 
            18,660,442    2.1 
                   
        Food Products: 3.6%          
 6,396,174      Advance Pierre Foods, First Lien Term Loan B, 5.750%, 07/10/17   6,406,568    0.7 
 4,500,000      Advance Pierre Foods, Second Lien Term Loan, 9.500%, 10/10/17   4,466,250    0.5 
 2,040,904      Atkins Nutritionals Holdings II, Inc., First Lien Term Loan, 6.250%, 01/02/19   2,035,802    0.2 
EUR363,896      Atrium Innovations, Inc., EUR First Lien Term Loan, 4.500%, 02/04/21   448,386    0.0 
 497,500      Atrium Innovations, Inc., USD First Lien Term Loan, 4.250%, 02/04/21   485,684    0.1 
 5,523,994      CSM Bakery Supplies, First Lien Term Loan, 5.000%, 07/03/20   5,448,039    0.6 
 3,081,725      Del Monte Foods Consumer Products, Inc., First Lien, 4.250%, 02/18/21   2,868,571    0.3 
 3,700,000      Del Monte Foods Consumer Products, Inc., Second Lien, 8.250%, 08/18/21   3,228,250    0.4 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Food Products: (continued)        
 6,002,231      NPC International, Term Loan, 4.000%, 12/28/18  $5,792,153    0.7 
 985,000      Reddy Ice Corporation, First Lien Term Loan, 6.750%, 05/01/19   926,196    0.1 
            32,105,899    3.6 
                   
        Food Service: 2.7%          
 12,200,000      Burger King Corporation, TL B, 4.500%, 10/27/21   12,246,799    1.4 
 7,810,750      CEC Entertainment, Inc., First Lien Term Loan, 4.000%, 02/14/21   7,699,689    0.9 
 4,071,988      P.F. Chang's China Bistro, Inc., Term Loan, 4.250%, 06/30/19   3,972,733    0.4 
            23,919,221    2.7 
                   
        Food/Drug Retailers: 2.5%          
 2,100,000      Albertsons LLC, Term Loan B3, 4.000%, 08/11/19   2,100,876    0.2 
 4,900,000      Albertsons LLC, Term Loan B4, 4.500%, 08/11/21   4,921,820    0.6 
 2,565,903      Del Taco, Term Loan, 5.540%, 10/01/18   2,553,073    0.3 
 3,000,000      Portillo Restaurant Group (The), First Lien Term Loan, 4.750%, 08/04/21   2,997,501    0.3 
 1,025,000      Portillo Restaurant Group (The), Second Lien Term Loan, 8.000%, 08/04/22   1,026,281    0.1 
 1,940,250      Roundys Supermarkets, Inc., Term Loan B, 5.750%, 02/20/21   1,820,804    0.2 
 4,996,114      Supervalu, Term Loan, 4.500%, 03/21/19   4,981,840    0.6 
 1,667,932      TGI Friday's, Inc., First Lien Term Loan, 5.250%, 07/15/20   1,674,187    0.2 
            22,076,382    2.5 
                   
        Forest Products: 0.1%          
 738,753      Xerium Technologies, Inc., Term Loan B, 6.250%, 05/01/19   739,215    0.1 
                   
        Health Care: 15.5%          
 3,422,750      Accellent, Inc., First Lien Term Loan, 4.500%, 03/14/21   3,392,267    0.4 
 1,870,313      Aegis Sciences, First Lien Term Loan, 5.500%, 02/19/21   1,877,326    0.2 
 1,252,688      ATI Physical Therapy, Term Loan B, 5.000%, 12/20/19   1,255,036    0.1 
 3,000,000      Biomet Inc., B-2, 3.660%, 07/25/17  3,000,468    0.3 
 2,594,000   (1)  CareCore National, LLC, Term Loan B, 5.500%, 03/05/21   2,603,728    0.3 
 8,729,223      Catalent Pharma Solutions, Inc., USD Term Loan, 4.250%, 05/08/21   8,745,590    1.0 
 3,048,540      CHG Medical Staffing, Inc., New First Lien Term, 4.250%, 11/19/19   3,045,205    0.3 
 1,717,989      CHG Medical Staffing, Inc., Upsized Second Lien Term Loan, 9.000%, 11/19/20   1,739,464    0.2 
 5,679,750      CHS/Community Health Systems, Inc., Term Loan D, 4.250%, 01/27/21   5,700,163    0.7 
 6,371,500      Connolly / iHealth Technologies, First Lien, 5.000%, 05/12/21   6,411,322    0.7 
 2,000,000      Connolly / iHealth Technologies, Second Lien, 8.000%, 05/12/22   2,012,500    0.2 
 3,738,243      DJO Finance LLC, First Lien Term Loan, 4.250%, 09/05/17   3,738,711    0.4 
 4,214,981      Envision Pharmaceutical Services, First Lien Term Loan, 5.750%, 11/04/20   4,225,519    0.5 
 1,407,188      Harvard Drug Group LLC, Term Loan B-1, 5.000%, 08/15/20   1,408,946    0.2 
 2,825,000      Healogics, Inc., First Lien Term Loan, 5.250%, 06/30/21   2,811,723    0.3 
 2,500,000      Healogics, Inc., Second Lien Term Loan, 9.000%, 07/01/22   2,384,375    0.3 
 6,139,372      Iasis Healthcare LLC, Term B-2, 4.500%, 05/03/18   6,158,557    0.7 
 4,900,672   (1)  Ikaria Acquisition Inc., First Lien Term Loan, 5.000%, 02/05/21   4,927,013    0.6 
 1,350,000      Ikaria Acquisition Inc., Second Lien Term Loan, 8.750%, 02/05/22   1,366,875    0.2 
 4,851,278      Immucor, Inc., Term B-2 Loan, 5.000%, 08/17/18   4,872,502    0.6 
 5,725,314      Kinetic Concepts, Inc., E-1, 4.000%, 05/04/18   5,707,869    0.7 
 2,143,868      Medpace Holdings, Inc., Term loan B, 4.750%, 04/05/21   2,136,722    0.2 
 5,367,188      MedSolutions Holdings, Inc., Term Loan B, 7.500%, 07/08/19   5,333,643    0.6 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Health Care: (continued)        
 8,478,750      Millennium Laboratories, LLC, Term Loan B, 5.250%, 04/15/21  $8,510,444    1.0 
 2,292,029      Multiplan, Inc, Term Loan, 3.750%, 04/01/21   2,260,037    0.3 
 2,625,000   (1)  NVA Holdings, Inc., First Lien Term Loan, 4.750%, 08/15/21   2,628,281    0.3 
 2,944,328      Onex Carestream Finance LP, First Lien, 5.000%, 06/07/19   2,952,425    0.3 
 2,942,245      Onex Carestream Finance LP, Second Lien, 9.500%, 11/30/19   2,930,294    0.3 
 5,000,160      Par Pharmaceutical Companies, B-2, 4.000%, 09/28/19   4,930,368    0.6 
 4,254,983      Pharmaceutical Product Development, Inc., Term Loan B-1, 4.000%, 12/05/18   4,250,549    0.5 
 2,992,500      Phillips-Medisize Corporation, First Lien Term Loan, 4.750%, 06/16/21   2,983,148    0.3 
 750,000      Phillips-Medisize Corporation, Second Lien Term Loan, 8.250%, 06/16/22   746,719    0.1 
 2,060,629      Press Ganey, First Lien, 4.250%, 04/20/18   2,058,054    0.2 
 2,749,445      Progressive Solutions, Inc., First Lien, 5.500%, 10/22/20   2,746,008    0.3 
 2,556,693      Sterigenics International LLC, Term Loan, 4.500%, 08/05/21   2,555,626    0.3 
 3,863,095      Surgery Center Holdings, Inc., First Lien Term Loan, 5.250%, 11/03/20   3,868,728    0.4 
 1,833,713      Surgical Care Affiliates LLC, Class C Term Loan, 4.000%, 06/29/18   1,816,522    0.2 
 541,750      Truven Health, Inc., Term Loan B, 4.500%, 05/23/19   532,947    0.1 
 5,589,998      United Surgical Partners International, Inc., Incremental Term Loan, 4.750%, 04/03/19   5,603,973    0.6 
            136,229,647    15.5 
                   
        Home Furnishings: 1.7%          
 8,481,556      AOT Bedding Super Holdings, LLC, Term Loan B, 4.250%, 10/01/19   8,480,037    1.0 
 3,366,563      Hillman Group (The), Inc., Term Loan B, 4.500%, 06/30/21   3,374,979    0.4 
 1,327,571      Hunter Fan Company, First Lien Term Loan, 6.550%, 12/31/17  1,328,401    0.1 
 1,974,874      Monitronics International, Inc., Term Loan B, 4.250%, 03/23/18   1,973,640    0.2 
            15,157,057    1.7 
                   
        Industrial Equipment: 6.5%          
 5,467,799      Accudyne Industries LLC, Term Loan, 4.000%, 12/13/19   5,357,305    0.6 
 4,395,552   (1)  Alliance Laundry Systems LLC, First Lien Term Loan, 4.250%, 12/10/18   4,388,225    0.5 
 1,326,510      Ameriforge Group Inc., Upsized First Lien Term Loan, 5.000%, 12/19/19   1,312,416    0.2 
 3,521,687      Apex Tool Group, Term Loan B, 4.500%, 01/31/20   3,454,187    0.4 
 1,050,872      CeramTec GmbH, Dollar Term B-1 Loan, 4.250%, 08/30/20   1,050,215    0.1 
 104,249      CeramTec GmbH, Dollar Term B-2 Loan, 4.250%, 08/30/20   104,183    0.0 
 314,129      CeramTec GmbH, Dollar Term B-3 Loan, 4.250%, 08/30/20   313,933    0.0 
 4,550,939      Doncasters Group Limited, First Lien Term Loan USD, 4.500%, 04/09/20   4,523,920    0.5 
 684,825      Filtration Group Corporation, First Lien Term Loan, 4.500%, 11/30/20   684,539    0.1 
EUR2,140,884      Gardner Denver, Inc., Term Loan B Euro, 4.750%, 07/30/20   2,673,423    0.3 
 7,197,500   (1)  Gardner Denver, Inc., Term Loan B USD, 4.250%, 07/30/20   7,032,555    0.8 
 6,712,200      Harvey Gulf International Marine, LLC, Upsized Term Loan B, 5.500%, 06/15/20   6,164,035    0.7 
 2,662,727      International Equipment Solutions, LLC, Term Loan, 6.750%, 08/31/19   2,669,384    0.3 
 7,165,119      Rexnord Corporation / RBS Global, Inc., First Lien Term Loan, 4.000%, 08/30/20   7,129,293    0.8 
 2,400,000      Sensus Metering Systems Inc., New Second Lien Term Loan, 8.500%, 05/09/18   2,343,000    0.3 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

  

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Industrial Equipment: (continued)        
 408,701      Sensus Metering Systems Inc., Upsized First Lien Term Loan, 4.500%, 05/09/17  $401,549    0.1 
 4,222,222      Signode Industrial Group, US Dollar Tranche Term Loan, 3.890%, 05/01/21   4,176,044    0.5 
 895,500      SunSource, First Lien Term Loan, 4.750%, 02/15/21   894,007    0.1 
 1,094,500      VAT Holding, Term Loan B, 4.750%, 02/28/21   1,093,816    0.1 
 913,100      WTG Holdings III Corp., First Lien Term Loan, 4.750%, 01/15/21   909,676    0.1 
 325,000      WTG Holdings III Corp., Second Lien Term Loan, 8.500%, 01/15/22   321,344    0.0 
            56,997,049    6.5 
                   
        Leisure Goods/Activities/Movies: 5.4%          
 7,481,250      24 Hour Fitness Worldwide, Inc, Term Loan B, 4.750%, 05/28/21   7,467,223    0.9 
 9,865,898      Delta2 Sarl Luxembourg (Formula One World Championship), Facility B3, 4.750%, 07/30/21   9,802,697    1.1 
 3,000,000      Delta2 Sarl Luxembourg (Formula One World Championship), Second Lien Facility, 7.750%, 08/08/22   2,988,750    0.3 
 2,955,003      Equinox Holdings, Inc., First Lien Term Loan, 4.500%, 02/01/20   2,949,462    0.3 
 6,480,802      FGI Operating, Fungible Term Loan B AddOn, 5.500%, 04/19/19   6,452,448    0.7 
 7,581,000      Fitness International, LLC., Term Loan B, 5.500%, 06/20/20   7,505,190    0.9 
 1,035,714      NEP/NCP Holdco, Inc., Second Lien, 9.500%, 07/23/20   1,037,009    0.1 
 5,371,554      NEP/NCP Holdco, Inc., Term Loan B with Add-On, 4.250%, 01/22/20   5,313,364    0.6 
 2,950,000      TWCC Holding Corporation, Second Lien Term Loan, 7.000%, 06/26/20   2,895,918    0.3 
 1,480,688      Wilton Brands, Inc., Term Loan, 7.500%, 08/31/18   1,399,250    0.2 
            47,811,311    5.4 
                   
        Lodging & Casinos: 6.8%          
EUR1,500,000      Amaya Gaming Group Inc., First Lien Euro TL, 5.250%, 07/31/21  1,866,535    0.2 
 11,990,049      Amaya Gaming Group Inc., First Lien Term Loan B, 5.000%, 08/21/21   11,998,790    1.4 
 6,000,000      Amaya Gaming Group Inc., Second Lien Term Loan, 8.000%, 07/31/22   6,110,628    0.7 
 1,323,250      American Casino and Entertainment Properties LLC, First Lien Term Loan, 4.500%, 07/02/19   1,329,866    0.1 
 1,837,230      Boyd Gaming Corporation, Term Loan B, 4.000%, 08/14/20   1,823,451    0.2 
 500,000      Centaur Acquisition, LLC, Second Lien Term Loan, 8.750%, 02/21/20   506,250    0.1 
 7,046,324      CityCenter Holdings, LLC, Term Loan, 4.250%, 10/15/20   7,048,966    0.8 
 535,170   ^,(2),(3)  Fontainebleau Las Vegas, LLC, Delayed Draw Term Loan, 06/06/15   153,861    0.0 
 1,070,339   ^,(2),(3)  Fontainebleau Las Vegas, LLC, Term Loan, 06/06/15   307,723    0.0 
 1,525,969      Golden Nugget, Inc., Delayed Draw Term Loan, 5.500%, 11/21/19   1,542,182    0.2 
 3,560,594      Golden Nugget, Inc., Term Loan, 5.500%, 11/21/19   3,598,425    0.4 
 800,000      Horseshoe Baltimore, Funded Term Loan B, 8.250%, 07/02/20   808,000    0.1 
 2,735,036      La Quinta, First Lien Term Loan, 4.000%, 04/14/21   2,727,856    0.3 
 2,947,394      Peppermill Casinos, Inc., Term Loan B, 7.250%, 11/09/18   2,973,184    0.3 
 6,927,754      Scientific Games International, Inc., Term Loan B, 6.000%, 09/30/20   6,834,354    0.8 
 6,915,176      Station Casinos LLC, Term Loan, 4.250%, 02/28/20   6,874,840    0.8 
 3,491,250      Twin River Management Group, Inc., Term Loan B, 5.250%, 06/30/20   3,505,798    0.4 
            60,010,709    6.8 
                   
        Mortgage REITs: 0.6%          
 2,600,000      International Market Centers, First Lien Term Loan, 5.250%, 08/11/20   2,600,000    0.3 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Mortgage REITs: (continued)        
 3,000,000      International Market Centers, Second Lien Term Loan, 8.750%, 08/11/21  $2,985,000    0.3 
            5,585,000    0.6 
                   
        Nonferrous Metals/Minerals: 0.8%          
 6,249,902      Fairmount Minerals, Ltd., Tranche B-2 Term Loans, 4.500%, 09/01/19   6,245,346    0.7 
 496,250      TMS International, Term B Loan, 4.500%, 11/01/20   495,423    0.1 
            6,740,769    0.8 
                   
        Oil & Gas: 1.2%          
 4,053,659      Bronco Midstream Funding, LLC, Term Loan, 5.000%, 08/15/20   4,063,793    0.5 
 463,432      Crestwood Holdings LLC, Term Loan, 7.000%, 05/30/19   463,625    0.1 
 3,158,935      FTS International, Inc. (fka FracTech), Term Loan, 5.750%, 04/16/21   3,019,414    0.3 
 349,125      Southcross Energy Partners, L.P., Term Loan, 5.250%, 08/01/21   349,998    0.0 
 2,748,125   (1)  Southcross Holdings L.P., Term Loan B, 6.000%, 08/04/21   2,696,598    0.3 
            10,593,428    1.2 
                   
        Publishing: 3.0%          
 5,074,500   (2)  Cengage Learning Acquisition, Inc., First Lien Term Loan, 7.000%, 03/31/20   5,090,358    0.6 
 720,773      Dex Media East, LLC, Term Loan, 6.000%, 12/30/16   585,028    0.1 
 2,457,846      Dex Media West, LLC, Term Loan, 8.000%, 12/30/16   2,216,159    0.3 
 301,890   (2)  HIBU PLC (fka Yell Group PLC), Facility A2, 5.230%, 03/18/19   329,249    0.0 
EUR26,291   (2)  HIBU PLC (fka Yell Group PLC), Spanish facility, 1.500%, 03/18/19   –    0.0 
 1,685,841      McGraw Hill Global Education, TLB, 5.750%, 03/22/19   1,692,866    0.2 
 1,654,115   ^,(3)  Nelson Canada, First Lien-C$ 330 mm, 2.810%, 07/03/14   1,368,780    0.2 
 3,069,000      Penton Media, Inc., First Lien, 5.500%, 09/30/19   3,057,491    0.3 
 1,250,000      Penton Media, Inc., Second Lien, 9.000%, 09/30/20   1,243,750    0.1 
 2,486,522      R.H. Donnelley Corporation, Term Loan, 9.750%, 12/31/16  1,813,090    0.2 
 4,457,752      SuperMedia, Inc., Term Loan, 11.600%, 12/30/16   3,651,643    0.4 
 5,281,343      Tribune Company, Term Loan B, 4.000%, 12/31/20   5,268,139    0.6 
            26,316,553    3.0 
                   
        Radio & Television: 4.3%          
 5,257,143      Cumulus Media Holdings Inc., Term Loan, 4.250%, 12/23/20   5,194,714    0.6 
 438,316      Hubbard Radio LLC, Tranche 1 Term Loan, 4.500%, 04/29/19   435,576    0.1 
 13,921,330      Clear Channel Communications, Inc., TLE, 7.660%, 07/30/19   13,388,839    1.5 
 1,265,453      Learfield Communications, Inc, First Lien Term Loan, 4.500%, 10/08/20   1,267,035    0.1 
 812,500      Learfield Communications, Inc., Second Lien Term Loan, 8.750%, 10/08/21   810,469    0.1 
 3,245,120      Media General, Inc., DDTerm Loan-B, 4.250%, 07/31/20   3,252,220    0.4 
 1,633,333      Salem Communications Corporation, Term Loan B, 4.500%, 03/31/20   1,615,979    0.2 
 4,617,188      Univision Communications, Inc., Term Loan-C3, 4.000%, 03/01/20   4,579,673    0.5 
 7,315,903      Univision Communications, Inc., Term Loan-C4, 4.000%, 03/01/20   7,254,750    0.8 
            37,799,255    4.3 
                   
        Retailers (Except Food & Drug): 14.8%          
 4,856,649      99 Cents Only Stores, Term Loan Facility, 4.500%, 01/15/19   4,859,685    0.6 
 1,450,000      Abercrombie & Fitch Management Co., Term Loan B, 4.750%, 07/31/21   1,439,579    0.2 
 5,835,900      Academy Ltd., Term Loan (2012 refi), 4.500%, 08/03/18   5,836,420    0.7 
EUR2,285,000      Action Holding B.V., Facility C, 4.580%, 03/08/19   2,857,266    0.3 
 17,752,694      BJs Wholesale Club, First Lien Term Loan, 4.500%, 09/26/19   17,684,737    2.0 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Retailers (Except Food & Drug): (continued)        
 4,000,000      BJs Wholesale Club, Second Lien Term Loan, 8.500%, 03/26/20  $4,018,500    0.5 
 5,729,387      Burlington Coat Factory, Term Loan B, 4.250%, 08/13/21   5,708,589    0.6 
 5,341,511      Harbor Freight Tools USA, Inc., Term Loan, 4.750%, 07/26/19   5,360,847    0.6 
 6,955,921      Hudson's Bay Company, Term Loan, 5.560%, 11/04/20   6,986,353    0.8 
 1,990,000      J. Crew, TLB, 4.000%, 03/01/21   1,896,719    0.2 
 1,791,000      Lands' End, Inc., TLB, 4.250%, 04/04/21   1,761,337    0.2 
 4,822,400      Leslies Poolmart, Inc., Term Loan, 4.250%, 10/16/19   4,750,064    0.5 
 2,200,000      Mattress Firm Holding Corp., TL-B, 5.250%, 10/20/21   2,209,625    0.3 
 5,486,250      Men's Wearhouse, Term Loan, 4.500%, 06/18/21   5,498,254    0.6 
 1,980,000      National Vision, Inc., First Lien Term Loan, 4.000%, 03/13/21   1,946,588    0.2 
 1,300,000      National Vision, Inc., Second Lien Term Loan, 6.750%, 03/13/22   1,220,375    0.1 
 12,867,775      Neiman Marcus Group, Inc, Term Loan, 4.250%, 10/31/20   12,807,013    1.5 
 5,923,503      Ollie's Holdings, Inc., Term Loan, 4.750%, 09/28/19   5,871,672    0.7 
 5,551,545      OneStopPlus, First Lien Term Loan, 4.500%, 03/15/21   5,513,378    0.6 
 5,858,325      Party City Holdings Inc, Term Loan B, 4.000%, 07/29/19   5,811,640    0.7 
 3,168,170      Payless ShoeSource, First Lien Term Loan, 5.000%, 03/05/21   3,049,364    0.3 
 2,709,798      Pep Boys, Term Loan B, 4.250%, 10/11/18   2,704,718    0.3 
 3,400,000      Pilot Travel Centers LLC, TL-B, 4.250%, 10/03/21   3,417,000    0.4 
 1,994,962      rue21 inc., Term Loan B, 5.630%, 10/10/20   1,725,642    0.2 
 6,256,320      Savers, Term Loan B, 5.000%, 07/09/19   6,251,108    0.7 
 2,645,614      Sleepy's Holdings, LLC, Term Loan, 5.000%, 03/30/19   2,625,772    0.3 
 2,164,575      Stuart Weitzman Holdings, LLC, Term Loan, 4.500%, 04/08/20   2,122,636    0.2 
 1,741,250      Talbots Inc. (The), First Lien Term Loan, 4.750%, 03/20/20   1,697,719    0.2 
 4,000,000      The Gymboree Corporation, Term Loan B, 5.000%, 02/23/18  2,463,332    0.3 
            130,095,932    14.8 
                   
        Steel: 0.0%          
 855      FMG Resources (August 2006) Pty Ltd., Term Loan, 3.750%, 06/30/19   804    0.0 
                   
        Surface Transport: 1.0%          
 2,700,000      Goodpack Ltd., First Lien Term Loan, 4.750%, 09/09/21   2,693,812    0.3 
 1,000,000      Goodpack Ltd., Second Lien Term Loan, 8.000%, 09/09/22   1,002,500    0.1 
 1,997,500      OSG Bulk Ships, Inc., First Lien Term Loan, 5.250%, 07/30/19   1,997,500    0.2 
 448,875      V.Group, TL B, 5.000%, 06/30/21   450,558    0.1 
 2,701,441      Wabash National Corporation, Term Loan B, 4.500%, 05/15/19   2,703,129    0.3 
            8,847,499    1.0 
                   
        Telecommunications: 7.8%          
 9,445,001      Asurion, LLC, Incremental Tranche B-1 Term Loan, 5.000%, 05/24/19   9,420,547    1.1 
 1,750,000      Asurion, LLC, Second Lien Term Loan, 8.500%, 02/28/21   1,766,954    0.2 
 5,779,916      Avaya Inc., Term B-3 Loan, 4.650%, 10/26/17   5,628,193    0.6 
 4,116,307      Avaya Inc., Term B-6 Loan, 6.500%, 03/31/18   4,107,486    0.5 
 3,940,225      Consolidated Communications, Inc., Term Loan B, 4.250%, 12/19/20   3,960,746    0.4 
 571,429      Encompass Digital Media, Inc., First Lien, 5.500%, 06/05/21   574,286    0.1 
 4,165,086      Global Tel*Link Corporation, First Lien Term Loan, 5.000%, 05/23/20   4,143,740    0.5 
 1,700,000      Global Tel*Link Corporation, Second Lien Term Loan, 9.000%, 11/23/20   1,685,125    0.2 
 2,665,872      Hawaiian Telcom Communications, Inc., Term Loan B, 5.000%, 06/06/19   2,675,037    0.3 
 8,500,000      Level 3 Financing, Inc, Tranche B 2022 Term Loan, 4.500%, 01/31/22   8,545,534    1.0 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

Principal
Amount†		      Borrower/Tranche
Description		  Fair Value   Percentage
of Net
Assets		 
SENIOR LOANS*: (continued)       
       Telecommunications: (continued)        
 2,300,000      Level 3 Financing, Inc., Term Loan B-4, 4.000%, 01/15/20  $2,301,916    0.3 
 3,801,875      Lightower Fiber Networks, First Lien Term Loan, 4.000%, 04/13/20   3,766,187    0.4 
 1,994,852      Securus Technologies, Inc., Upsized First Lien Term Loan, 4.750%, 04/30/20   1,979,268    0.2 
 3,052,127      Syniverse Holdings, Inc., Initial Term Loan, 4.000%, 04/23/19   3,005,072    0.3 
 5,932,612      U.S. Telepacific Corp, First Lien Term Loan, 5.750%, 02/23/17   5,936,320    0.7 
 1,915,375      XO Communications, First Lien Term Loan, 4.250%, 03/19/21   1,903,404    0.2 
 7,106,673      Zayo Group, LLC, Term Loan B, 4.000%, 07/02/19   7,105,934    0.8 
            68,505,749    7.8 
                   
        Utilities: 1.9%          
 2,385,586      Atlantic Power Limited Partnership, Term Loan, 4.750%, 02/28/21   2,406,460    0.3 
 1,030,000      Energy Future Intermediate Holding Company LLC, First Lien DIP, 4.250%, 06/11/16   1,031,416    0.1 
 338,069   (2)  Longview Power, LLC, DIP Facility, 4.980%, 11/19/16   583,170    0.1 
 3,736,640   ^,(2),(3)  Longview Power, LLC, Extended Term Loan, 10/31/17   2,428,816    0.3 
 1,800,000   (1)  Pike Corporation, First Lien Term Loan, 09/17/21   1,806,750    0.2 
 2,100,000   (1)  Southeast PowerGen, LLC, Term Loan B, 11/05/21   2,110,500    0.2 
 2,000,000      TPF Generation Holdings, LLC, Term Loan, 4.750%, 12/31/17   1,925,000    0.2 
 2,550,000      TPF II Power, LLC, Term Loan, 5.500%, 09/30/21   2,572,313    0.3 
 2,236,187      Utility Services Associates, Term Loan, 6.750%, 10/18/19   2,234,789    0.2 
            17,099,214    1.9 
                   
     Total Senior Loans          
     (Cost $1,268,483,143)   1,253,810,898    142.4 
                   
OTHER CORPORATE DEBT: –%          
        Publishing: –%          
 639,053   (2)  HIBU PLC (fka Yell Group PLC), Facility B2, 03/18/24  –    0.0 
                   
     Total Other Corporate Debt          
     (Cost $249,384)   –    0.0 

 

Shares         Value   Percentage
of Net
Assets		 
EQUITIES AND OTHER ASSETS: 0.6%          
 154   @  AR Broadcasting (Warrants)   –    0.0 
 888,534   @,R  Ascend Media (Residual Interest)   –    0.0 
 3,160   @  Caribe Media Inc.   –    0.0 
 178,416   @  Cengage Learning   4,638,816    0.6 
 14,294   @  Dex Media Inc.   122,357    0.0 
 246,734   @  Eagle Topco 2013 LTD   –    0.0 
 28,660   @  Everyware Global Inc. Warrants   –    0.0 
 8   @  Faith Media Holdings, Inc. (Residual Interest)   65,466    0.0 
 92,471   @  Glodyne Techoserve, Ltd.   4,345    0.0 
 498,762   @  GTS Corp.   –    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 
 106,702   @  Northeast Biofuels (Residual Interest)   –    0.0 
 19,404   @  U.S. Shipping Partners, L.P.   –    0.0 
 275,292   @  U.S. Shipping Partners, L.P. (Contingency Rights)   –    0.0 
     Total Equities and Other Assets          
     (Cost $7,191,236)   4,830,984    0.6 
                   
     Total Investments
(Cost $1,275,923,763)		  $1,258,641,882    143.0 
     Liabilities in Excess of Other Assets   (378,323,456)   (43.0)
     Net Assets  $880,318,426    100.0 

 

* Senior loans, while exempt from registration under the Securities Act of 1933, as amended, contain certain restrictions on resale and cannot be sold publicly. These senior loans bear interest (unless otherwise noted) at rates that float periodically at a margin above the London Inter-Bank Offered Rate (“LIBOR”) and other short-term rates.
† Unless otherwise indicated, principal amount is shown in USD.
@ Non-income producing security
   
R Restricted Security
^ This Senior Loan Interest is non-income producing.

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

(1) Loans purchased on a when-issued or delayed-delivery basis. Contract rates that are not disclosed do not take effect until settlement date and have yet to be determined.
(2) The borrower filed for protection under Chapter 11 of the U.S. Federal Bankruptcy code.
(3) Loan is on non-accrual basis.

 

EUR EU Euro
GBP British Pound
 

 

  Cost for federal income tax purposes is $1,276,034,023.
   
  Net unrealized depreciation consists of:

 

Gross Unrealized Appreciation  $4,627,331 
Gross Unrealized Depreciation   (22,019,472)
      
Net Unrealized Depreciation  $(17,392,141)

  

Fair Value Measurements 

The following is a summary of the fair valuations according to the inputs used as of November 30, 2014 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,
2014		 
Asset Table                    
Investments, at fair value                    
Equities and Other Assets  $4,761,173   $4,345   $65,466   $4,830,984 
Other Corporate Debt   –    –    –    – 
Senior Loans   –    1,253,810,898    –    1,253,810,898 
Total Investments, at fair value  $4,761,173   $1,253,815,243   $65,466   $1,258,641,882 
Other Financial Instruments+                    
Unfunded commitments   –    197,852    –    197,852 
Forward Foreign Currency Contracts   –    155,575    –    155,575 
Total Assets  $4,761,173   $1,254,168,670   $65,466   $1,258,995,309 
Liabilities Table                    
Other Financial Instruments+                    
Forward Foreign Currency Contracts  $–   $(6,723)  $–   $(6,723)
Total Liabilities  $–   $(6,723)  $–   $(6,723)

 

+ 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, 2014, 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   36,685,000   Sell  12/23/14  $45,614,215   $45,620,938   $(6,723)
State Street Bank  British Pound   9,086,000   Sell  12/24/14   14,346,304    14,190,729    155,575 
                           $148,852 

 

The following unfunded commitments were outstanding as of November 30, 2014:

 

Borrower  Principal Amount   Fair Value   Unrealized
Appreciation/(Depreciation)		 
             
Longview Power, LLC, DIP Facility  $272,899   $197,852   $197,852 

 

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, 2014 was as follows:

 

Derivatives not accounted for as hedging instruments

 

   Location on Statement    
  of Assets and Liabilities  Fair Value 
        
Asset Derivatives        
         
Foreign exchange contracts  Unrealized appreciation on forward foreign currency contracts  $155,575 
Total Asset Derivatives     $155,575 
         
Liability Derivatives        
         
Foreign exchange contracts  Unrealized depreciation on forward foreign currency contracts  $6,723 
Total Liability Derivatives     $6,723 

 

 
 

 

  PORTFOLIO OF INVESTMENTS
Voya Prime Rate Trust as of November 30, 2014 (Unaudited) (Continued)

 

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, 2014:

 

   State Street Bank 
Assets:     
Forward foreign currrency contracts  $155,575 
Total Assets  $155,575 
      
Liabilities:     
Forward foreign currency contracts  $6,723 
Total Liabilities  $6,723 
      
Net OTC derivative instruments by counterparty, at fair value  $148,852 
      
Total collateral pledged by the Trust/(Received from counterparty)  $– 
      
Net Exposure(1)  $148,852 

 

(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 23, 2015  

 

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 23, 2015  
     
By /s/ Todd Modic  
  Todd Modic  
  Senior Vice President and Chief Financial Officer  
     
Date: January 23, 2015