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: 811-22051
Voya International High Dividend Equity Income Fund
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Rd., Suite 100, Scottsdale,
AZ 85258
(Address of principal executive offices) (Zip code)
Huey P. Falgout, Jr., 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ 85258
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
Date of fiscal year end: February 28
Date of reporting period: May 31, 2018
Item 1. Schedule of Investments
The schedules of investments as of the close of the reporting period are set forth below for:
Voya International High Dividend Equity Income Fund
The schedules are not audited.
Voya International High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2018 (Unaudited) |
Shares | Value | Percentage of Net Assets | |||||||||||
COMMON STOCK: 96.7% | |||||||||||||
Australia: 7.6% | |||||||||||||
59,639 | Aurizon Holdings Ltd. | $ | 193,529 | 0.3 | |||||||||
19,799 | Australia & New Zealand Banking Group Ltd. | 406,904 | 0.7 | ||||||||||
60,619 | Charter Hall Group | 291,264 | 0.5 | ||||||||||
38,680 | Coca-Cola Amatil Ltd. | 259,422 | 0.5 | ||||||||||
4,564 | Commonwealth Bank of Australia | 238,663 | 0.4 | ||||||||||
88,582 | Metcash Ltd. | 193,537 | 0.3 | ||||||||||
157,440 | Nine Entertainment Co. Holdings Ltd. | 286,122 | 0.5 | ||||||||||
36,701 | QBE Insurance Group Ltd. | 262,114 | 0.5 | ||||||||||
9,199 | Rio Tinto Ltd. | 574,314 | 1.0 | ||||||||||
67,059 | (1) | Santos Ltd. | 296,016 | 0.5 | |||||||||
92,320 | Scentre Group | 291,550 | 0.5 | ||||||||||
273,238 | Sigma Healthcare Ltd. | 161,887 | 0.3 | ||||||||||
149,115 | Spark Infrastructure Group | 247,881 | 0.4 | ||||||||||
28,628 | Suncorp Group Ltd. | 289,948 | 0.5 | ||||||||||
18,107 | Westpac Banking Corp. | 382,714 | 0.7 | ||||||||||
4,375,865 | 7.6 | ||||||||||||
Austria: 0.8% | |||||||||||||
10,319 | Erste Group Bank AG | 427,347 | 0.8 | ||||||||||
Belgium: 0.2% | |||||||||||||
2,681 | Ageas | 135,632 | 0.2 | ||||||||||
China: 11.9% | |||||||||||||
397,000 | Bank of China Ltd. - H Shares | 207,310 | 0.4 | ||||||||||
70,500 | Beijing Enterprises Holdings Ltd. | 387,685 | 0.7 | ||||||||||
739,381 | China Construction Bank - H Shares | 744,201 | 1.3 | ||||||||||
160,000 | China Life Insurance Co., Ltd. - H Shares | 445,864 | 0.8 | ||||||||||
65,000 | China Mobile Ltd. | 581,906 | 1.0 | ||||||||||
112,000 | China Overseas Land & Investment Ltd. | 372,151 | 0.6 | ||||||||||
78,726 | China Resources Gas Group Ltd. | 297,806 | 0.5 | ||||||||||
108,000 | China Resources Land Ltd. | 394,762 | 0.7 | ||||||||||
291,030 | China State Construction International Holdings Ltd. | 358,549 | 0.6 | ||||||||||
289,000 | CNOOC Ltd. | 487,614 | 0.9 | ||||||||||
354,000 | COSCO Shipping Ports, Ltd. | 340,249 | 0.6 | ||||||||||
44,500 | Hengan International Group Co., Ltd. | 422,885 | 0.7 | ||||||||||
581,123 | Industrial & Commercial Bank of China - H Shares | 479,995 | 0.8 | ||||||||||
550,000 | Lenovo Group Ltd. | 290,422 | 0.5 | ||||||||||
686,000 | PetroChina Co., Ltd. - H Shares | 565,544 | 1.0 |
Shares | Value | Percentage of Net Assets | |||||||||||
COMMON STOCK: (continued) | |||||||||||||
China: (continued) | |||||||||||||
149,300 | Shanghai Pharmaceuticals Holding Co. Ltd. - H Shares | $ | 459,408 | 0.8 | |||||||||
6,836,351 | 11.9 | ||||||||||||
France: 8.4% | |||||||||||||
11,253 | Alstom SA | 532,357 | 0.9 | ||||||||||
2,875 | Capgemini SE | 379,158 | 0.7 | ||||||||||
3,592 | Cie Generale des Etablissements Michelin SCA | 464,383 | 0.8 | ||||||||||
8,225 | Danone | 629,841 | 1.1 | ||||||||||
34,276 | Engie SA | 540,695 | 0.9 | ||||||||||
22,839 | Orange SA | 393,075 | 0.7 | ||||||||||
20,464 | Total SA | 1,244,079 | 2.2 | ||||||||||
6,687 | Vinci SA | 657,682 | 1.1 | ||||||||||
4,841,270 | 8.4 | ||||||||||||
Germany: 6.0% | |||||||||||||
2,566 | Deutsche Boerse AG | 342,763 | 0.6 | ||||||||||
11,715 | Deutsche Post AG | 444,311 | 0.8 | ||||||||||
21,089 | Deutsche Telekom AG | 326,693 | 0.6 | ||||||||||
1,775 | LEG Immobilien AG | 194,558 | 0.3 | ||||||||||
583 | (1) | Linde AG | 133,223 | 0.2 | |||||||||
2,914 | Muenchener Rueckversicherungs-Gesellschaft AG | 599,000 | 1.0 | ||||||||||
4,501 | SAP SE | 507,022 | 0.9 | ||||||||||
6,931 | Siemens AG | 903,308 | 1.6 | ||||||||||
3,450,878 | 6.0 | ||||||||||||
Hong Kong: 2.7% | |||||||||||||
67,440 | AIA Group Ltd. | 615,559 | 1.1 | ||||||||||
25,000 | CK Hutchison Holdings Ltd. | 281,506 | 0.5 | ||||||||||
42,493 | CLP Holdings Ltd. | 446,160 | 0.8 | ||||||||||
433 | Link REIT | 3,815 | 0.0 | ||||||||||
60,000 | Television Broadcasts Ltd. | 203,840 | 0.3 | ||||||||||
1,550,880 | 2.7 | ||||||||||||
India: 4.1% | |||||||||||||
94,423 | Coal India Ltd. | 414,185 | 0.7 | ||||||||||
6,807 | Hero Motocorp Ltd. | 357,309 | 0.6 | ||||||||||
96,449 | ICICI Bank Ltd. | 407,650 | 0.7 | ||||||||||
11,411 | Infosys Ltd. ADR | 207,566 | 0.3 | ||||||||||
99,673 | ITC Ltd. | 400,821 | 0.7 | ||||||||||
158,147 | NTPC Ltd. | 392,569 | 0.7 | ||||||||||
18,028 | Tech Mahindra Ltd. | 190,215 | 0.4 | ||||||||||
2,370,315 | 4.1 | ||||||||||||
Indonesia: 0.4% | |||||||||||||
407,600 | Semen Indonesia Persero Tbk PT | 245,671 | 0.4 | ||||||||||
Ireland: 1.8% | |||||||||||||
34,884 | AIB Group PLC | 190,610 | 0.3 | ||||||||||
13,168 | CRH PLC | 485,869 | 0.9 | ||||||||||
8,676 | Smurfit Kappa Group PLC | 354,967 | 0.6 | ||||||||||
1,031,446 | 1.8 |
Voya International High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2018 (Unaudited) (Continued) |
Shares | Value | Percentage of Net Assets | |||||||||||
COMMON STOCK: (continued) | |||||||||||||
Italy: 1.3% | |||||||||||||
71,100 | Enel S.p.A. | $ | 390,751 | 0.7 | |||||||||
77,410 | Intesa Sanpaolo SpA | 228,447 | 0.4 | ||||||||||
3,935 | Prysmian SpA | 110,106 | 0.2 | ||||||||||
729,304 | 1.3 | ||||||||||||
Luxembourg: 0.8% | |||||||||||||
9,541 | APERAM SA | 442,616 | 0.8 | ||||||||||
Macau: 0.7% | |||||||||||||
290,000 | SJM Holdings Ltd. | 414,208 | 0.7 | ||||||||||
Malaysia: 1.1% | |||||||||||||
247,800 | CIMB Group Holdings Bhd | 367,089 | 0.7 | ||||||||||
562,200 | IJM Corp. Bhd | 239,212 | 0.4 | ||||||||||
606,301 | 1.1 | ||||||||||||
Netherlands: 3.9% | |||||||||||||
13,934 | (2) | ABN AMRO Group NV | 361,437 | 0.6 | |||||||||
6,112 | (1) | ASR Nederland NV | 258,432 | 0.5 | |||||||||
27,429 | Koninklijke Ahold Delhaize NV | 630,120 | 1.1 | ||||||||||
27,257 | Royal Dutch Shell PLC - Class B | 973,516 | 1.7 | ||||||||||
2,223,505 | 3.9 | ||||||||||||
New Zealand: 0.6% | |||||||||||||
78,934 | Fletcher Building Ltd. | 363,878 | 0.6 | ||||||||||
Norway: 0.9% | |||||||||||||
37,648 | Norsk Hydro ASA | 236,925 | 0.4 | ||||||||||
7,257 | Yara International ASA | 299,561 | 0.5 | ||||||||||
536,486 | 0.9 | ||||||||||||
Singapore: 0.5% | |||||||||||||
228,900 | First Resources Ltd. | 278,342 | 0.5 | ||||||||||
South Korea: 5.8% | |||||||||||||
8,490 | Hana Financial Group, Inc. | 327,213 | 0.6 | ||||||||||
14,425 | Hite Jinro Co. Ltd. | 269,323 | 0.5 | ||||||||||
9,910 | Kangwon Land, Inc. | 246,696 | 0.4 | ||||||||||
11,039 | KT Corp. | 276,373 | 0.5 | ||||||||||
10,692 | LG Display Co., Ltd. | 220,034 | 0.4 | ||||||||||
1,047 | POSCO | 331,406 | 0.6 | ||||||||||
17,400 | Samsung Electronics Co., Ltd. | 817,062 | 1.4 | ||||||||||
1,648 | Samsung Fire & Marine Insurance Co. Ltd. | 382,699 | 0.6 | ||||||||||
10,788 | Shinhan Financial Group Co., Ltd. | 440,337 | 0.8 | ||||||||||
3,311,143 | 5.8 | ||||||||||||
Spain: 2.6% | |||||||||||||
12,536 | ACS Actividades de Construccion y Servicios SA | 522,199 | 0.9 | ||||||||||
20,838 | Banco Bilbao Vizcaya Argentaria SA | 143,109 | 0.2 | ||||||||||
27,078 | Banco Santander SA | 147,260 | 0.3 | ||||||||||
9,956 | Ebro Foods SA | 242,057 | 0.4 | ||||||||||
23,673 | Merlin Properties Socimi SA | 327,012 | 0.6 |
Shares | Value | Percentage of Net Assets | |||||||||||
COMMON STOCK: (continued) | |||||||||||||
Spain: (continued) | |||||||||||||
19,675 | Prosegur Cia de Seguridad SA | $ | 135,150 | 0.2 | |||||||||
1,516,787 | 2.6 | ||||||||||||
Sweden: 0.8% | |||||||||||||
44,016 | Svenska Handelsbanken AB | 482,206 | 0.8 | ||||||||||
Switzerland: 4.0% | |||||||||||||
10,680 | Nestle SA | 807,221 | 1.4 | ||||||||||
3,392 | Roche Holding AG | 727,285 | 1.3 | ||||||||||
57 | SGS SA | 147,658 | 0.2 | ||||||||||
27,567 | UBS Group AG | 416,135 | 0.7 | ||||||||||
728 | Zurich Insurance Group AG | 215,752 | 0.4 | ||||||||||
2,314,051 | 4.0 | ||||||||||||
Taiwan: 4.5% | |||||||||||||
28,000 | Catcher Technology Co., Ltd. | 324,587 | 0.6 | ||||||||||
226,000 | Cathay Financial Holding Co., Ltd. | 402,865 | 0.7 | ||||||||||
596,782 | CTBC Financial Holding Co. Ltd. | 428,242 | 0.8 | ||||||||||
98,000 | HON HAI Precision Industry Co., Ltd. | 279,599 | 0.5 | ||||||||||
203,000 | Quanta Computer, Inc. | 358,264 | 0.6 | ||||||||||
102,691 | Taiwan Semiconductor Manufacturing Co., Ltd. | 766,742 | 1.3 | ||||||||||
2,560,299 | 4.5 | ||||||||||||
United Kingdom: 12.0% | |||||||||||||
8,467 | AstraZeneca PLC | 617,716 | 1.1 | ||||||||||
22,852 | BP PLC | 174,776 | 0.3 | ||||||||||
7,844 | Carnival PLC | 502,617 | 0.9 | ||||||||||
11,865 | Diageo PLC | 435,957 | 0.8 | ||||||||||
29,475 | GlaxoSmithKline PLC | 597,157 | 1.0 | ||||||||||
30,006 | HSBC Holdings PLC | 287,221 | 0.5 | ||||||||||
11,844 | Johnson Matthey PLC | 552,276 | 1.0 | ||||||||||
25,747 | Land Securities Group PLC | 317,799 | 0.5 | ||||||||||
156,482 | Legal & General Group PLC | 560,479 | 1.0 | ||||||||||
25,018 | Prudential PLC | 600,940 | 1.0 | ||||||||||
3,344 | Rio Tinto PLC | 188,605 | 0.3 | ||||||||||
21,132 | SSE PLC | 383,874 | 0.7 | ||||||||||
5,045 | Smiths Group PLC | 117,889 | 0.2 | ||||||||||
21,581 | St. James's Place PLC | 341,296 | 0.6 | ||||||||||
21,839 | UBM PLC | 298,885 | 0.5 | ||||||||||
12,127 | Unilever PLC | 668,608 | 1.2 | ||||||||||
93,489 | Vodafone Group PLC | 238,905 | 0.4 | ||||||||||
6,885,000 | 12.0 | ||||||||||||
United States: 13.3% | |||||||||||||
20,244 | Cisco Systems, Inc. | 864,621 | 1.5 | ||||||||||
3,648 | Deere & Co. | 545,412 | 0.9 | ||||||||||
9,261 | DowDuPont, Inc. | 593,723 | 1.0 | ||||||||||
15,108 | Exelon Corp. | 625,320 | 1.1 | ||||||||||
28,451 | Gap, Inc. | 796,059 | 1.4 | ||||||||||
11,298 | Halliburton Co. | 561,962 | 1.0 | ||||||||||
12,317 | Hartford Financial Services Group, Inc. | 644,549 | 1.1 | ||||||||||
17,245 | Intel Corp. | 951,924 | 1.7 |
Voya International High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2018 (Unaudited) (Continued) |
Shares | Value | Percentage of Net Assets | |||||||||||
COMMON STOCK: (continued) | |||||||||||||
United States: (continued) | |||||||||||||
35,186 | Keycorp | $ | 684,016 | 1.2 | |||||||||
13,486 | Merck & Co., Inc. | 802,822 | 1.4 | ||||||||||
14,241 | Mondelez International, Inc. | 559,244 | 1.0 | ||||||||||
7,629,652 | 13.3 | ||||||||||||
Total Common Stock | |||||||||||||
(Cost $54,824,178) | 55,559,433 | 96.7 | |||||||||||
PREFERRED STOCK: 0.4% | |||||||||||||
South Korea: 0.4% | |||||||||||||
6,100 | Samsung Electronics Co., Ltd. | 228,155 | 0.4 | ||||||||||
Total Preferred Stock | |||||||||||||
(Cost $92,861) | 228,155 | 0.4 | |||||||||||
Total Long-Term Investments | |||||||||||||
(Cost $54,917,039) | 55,787,588 | 97.1 | |||||||||||
SHORT-TERM INVESTMENTS: 2.3% | |||||||||||||
Mutual Funds: 2.3% | |||||||||||||
1,296,268 | (3) | BlackRock Liquidity Funds, FedFund, Institutional Class, 1.640% | |||||||||||
(Cost $1,296,268) | 1,296,268 | 2.3 | |||||||||||
Total Short-Term Investments | |||||||||||||
(Cost $1,296,268) | 1,296,268 | 2.3 | |||||||||||
Total
Investments in Securities (Cost $56,213,307) | $ | 57,083,856 | 99.4 | ||||||||||
Assets in Excess of Other Liabilities | 324,998 | 0.6 | |||||||||||
Net Assets | $ | 57,408,854 | 100.0 |
ADR | American Depositary Receipt |
(1) | Non-income producing security. |
(2) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(3) | Rate shown is the 7-day yield as of May 31, 2018. |
Sector Diversification | Percentage
of Net Assets | |||
Financials | 24.3 | % | ||
Information Technology | 11.2 | |||
Consumer Staples | 10.2 | |||
Industrials | 9.4 | |||
Materials | 8.3 | |||
Energy | 8.3 | |||
Utilities | 6.5 | |||
Consumer Discretionary | 6.1 | |||
Health Care | 5.9 | |||
Real Estate | 3.7 | |||
Telecommunication Services | 3.2 | |||
Short-Term Investments | 2.3 | |||
Assets in Excess of Other Liabilities | 0.6 | |||
Net Assets | 100.0 | % |
Voya International High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2018 (Unaudited) (Continued) |
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of May 31, 2018 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, 2018 | |||||||||||||
Asset Table | ||||||||||||||||
Investments, at fair value | ||||||||||||||||
Common Stock | ||||||||||||||||
Australia | $ | – | $ | 4,375,865 | $ | – | $ | 4,375,865 | ||||||||
Austria | – | 427,347 | – | 427,347 | ||||||||||||
Belgium | – | 135,632 | – | 135,632 | ||||||||||||
China | – | 6,836,351 | – | 6,836,351 | ||||||||||||
France | – | 4,841,270 | – | 4,841,270 | ||||||||||||
Germany | – | 3,450,878 | – | 3,450,878 | ||||||||||||
Hong Kong | – | 1,550,880 | – | 1,550,880 | ||||||||||||
India | 207,566 | 2,162,749 | – | 2,370,315 | ||||||||||||
Indonesia | – | 245,671 | – | 245,671 | ||||||||||||
Ireland | 190,610 | 840,836 | – | 1,031,446 | ||||||||||||
Italy | – | 729,304 | – | 729,304 | ||||||||||||
Luxembourg | – | 442,616 | – | 442,616 | ||||||||||||
Macau | – | 414,208 | – | 414,208 | ||||||||||||
Malaysia | – | 606,301 | – | 606,301 | ||||||||||||
Netherlands | – | 2,223,505 | – | 2,223,505 | ||||||||||||
New Zealand | – | 363,878 | – | 363,878 | ||||||||||||
Norway | – | 536,486 | – | 536,486 | ||||||||||||
Singapore | – | 278,342 | – | 278,342 | ||||||||||||
South Korea | – | 3,311,143 | – | 3,311,143 | ||||||||||||
Spain | – | 1,516,787 | – | 1,516,787 | ||||||||||||
Sweden | – | 482,206 | – | 482,206 | ||||||||||||
Switzerland | – | 2,314,051 | – | 2,314,051 | ||||||||||||
Taiwan | – | 2,560,299 | – | 2,560,299 | ||||||||||||
United Kingdom | – | 6,885,000 | – | 6,885,000 | ||||||||||||
United States | 7,629,652 | – | – | 7,629,652 | ||||||||||||
Total Common Stock | 8,027,828 | 47,531,605 | – | 55,559,433 | ||||||||||||
Preferred Stock | – | 228,155 | – | 228,155 | ||||||||||||
Short-Term Investments | 1,296,268 | – | – | 1,296,268 | ||||||||||||
Total Investments, at fair value | $ | 9,324,096 | $ | 47,759,760 | $ | – | $ | 57,083,856 | ||||||||
Liabilities Table | ||||||||||||||||
Other Financial Instruments+ | ||||||||||||||||
Written Options | $ | – | $ | (257,695 | ) | $ | – | $ | (257,695 | ) | ||||||
Total Liabilities | $ | – | $ | (257,695 | ) | $ | – | $ | (257,695 | ) |
(1) | For the period ended May 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Fund certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Fund's policy is to recognize transfers between levels at the beginning of the reporting period. At May 31, 2018, securities valued at $1,642,700 were transferred from Level 1 to Level 2 within the fair value hierarchy. |
+ | Other Financial Instruments may include open forward foreign currency contracts, futures, centrally cleared swaps, OTC swaps and written options. Forward foreign currency contracts, futures and centrally cleared swaps are valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument. |
# | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Fund's investments are categorized as Level 2 investments. |
Voya International High Dividend Equity Income Fund | PORTFOLIO OF INVESTMENTS |
as of May 31, 2018 (Unaudited) (Continued) |
At May 31, 2018, the following OTC written equity options were outstanding for Voya International High Dividend Equity Income Fund:
Description | Counterparty | Put/Call | Expiration Date | Exercise Price | Number of Contracts | Notional Amount | Premiums Received | Fair Value | ||||||||||||||||||||
EURO STOXX 50® Index | Morgan Stanley & International PLC | Call | 06/07/18 | 3,485.000 | EUR | 1,320 | 4,496,778 | $ | 70,751 | $ | (4,715 | ) | ||||||||||||||||
FTSE 100 Index | Morgan Stanley & International PLC | Call | 06/07/18 | 7,462.000 | GBP | 550 | 4,223,010 | 66,052 | (153,797 | ) | ||||||||||||||||||
Hang Seng Index | Morgan Stanley & International PLC | Call | 06/07/18 | 30,032.000 | HKD | 540 | 16,453,022 | 38,841 | (36,402 | ) | ||||||||||||||||||
Korea Stock Exchange KOSPI 200 Index | Morgan Stanley & International PLC | Call | 06/07/18 | 320.111 | KRW | 6,400,000 | 1,989,888,000 | 28,864 | (1,224 | ) | ||||||||||||||||||
S&P/ASX 200 Index | Morgan Stanley & International PLC | Call | 06/07/18 | 6,076.418 | AUD | 770 | 4,629,150 | 43,401 | (2,806 | ) | ||||||||||||||||||
Taiwan Stock Exchange Weighted Index | Societe Generale | Call | 06/07/18 | 10,492.000 | TWD | 4,600 | 50,024,816 | 24,022 | (58,751 | ) | ||||||||||||||||||
$ | 271,931 | $ | (257,695 | ) |
Currency Abbreviations | ||
AUD | - | Australian Dollar |
EUR | - | EU Euro |
GBP | - | British Pound |
HKD | - | Hong Kong Sar Dollar |
KRW | - | South Korean Won |
TWD | - | Taiwan New Dollar |
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of May 31, 2018 was as follows:
Fair Value | ||||||
Derivatives not accounted for as hedging instruments | ||||||
Liability Derivatives | Instrument Type | |||||
Equity contracts | Written options | $ | 257,695 | |||
Total Liability Derivatives | $ | 257,695 |
The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at May 31, 2018:
Morgan Stanley & Co. International PLC | Societe Generale | Totals | ||||||||||
Liabilities: | ||||||||||||
Written options | $ | 198,944 | $ | 58,751 | $ | 257,695 | ||||||
Total Liabilities | $ | 198,944 | $ | 58,751 | $ | 257,695 | ||||||
Net OTC derivative instruments by counterparty, at fair value | $ | (198,944 | ) | $ | (58,751 | ) | (257,695 | ) | ||||
Total collateral pledged by the Fund/(Received from counterparty) | $ | 198,944 | $ | - | $ | 198,944 | ||||||
Net Exposure(1) | $ | - | $ | (58,751 | ) | $ | (58,751 | ) |
(1) | Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Fund. |
(2) | At May 31, 2018, the Fund had pledged $420,000 in cash collateral to Morgan Stanley & Co. International PLC. Excess cash collateral is not shown for financial reporting purposes. |
At May 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at period end were:
Cost for federal income tax purposes was $56,114,060.
Net unrealized appreciation consisted of:
Gross Unrealized Appreciation | $ | 5,047,945 | ||
Gross Unrealized Depreciation | (4,309,763 | ) | ||
Net Unrealized Appreciation | $ | 738,182 |
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 International High Dividend Equity Income Fund
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer | ||
Date: | July 26, 2018 |
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/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer | ||
Date: | July 26, 2018 | |
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer | ||
Date: | July 26, 2018 |