Investment Management

Voya Prime Rate Trust

Portfolio Statistics as of 08/31/2017

Total Assets Under Management $1,193,438,784.61
Borrowings as % Of AUM 29.75%
Avg. Investment 3,251,876.80
Avg. Investment as % of AUM 0.27%
Avg. Per Industry % Of AUM 2.94%
Borrowings $355,100,000.00
Number of Issuers 367
Industries Represented 34
Average Industry Investment $35,101,140.72
nModifiedDurationToWorst Modified Duration to Worst - is a mathematically adjusted form of Macaulay Duration measuring the sensitivity of a bond's price to small, instantaneous changes in yield. This calculates the rate sensitivity of a security assuming that cash flows do not change as interest rates change.
nWtdAvgMarketCapWilshire Weighted Average Market Capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock.
nEndingActiveShare Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index.
nPriceToCashFlow The ratio of a stock’s price to its cash flow per share. The price-to-cash flow ratio is an indicator of a stock’s valuation
nROA ROA is an indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings.
nPEG PEG Ratio
nPriceToEarningsWilshire P/E (next 12 months) calculates the price of a stock divided by its earnings per share.
nEPSGrowth The portion of a company's profit allocated to each outstanding share of common stock. EPS growth serves as an indicator of a company's profitability.
nDividendYield A financial ratio that shows how much a company pays out in dividends relative to its share price
nPriceToBookWilshire Price to book ratio (trailing 12 month) calculates the ratio of a stock’s price to its book value.
nHoldings Number of Holdings in the investment
nNetAssets The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.
nAlpha Measures the difference between a fund's actual return and its level of risk as measured by beta. An alpha of 0.5 implies the fund performed 0.5% better than the market would predict. The figure is calculated on a three-year basis relative to the benchmark.
nR2 The way in which a percentage of a portfolio's total returns represents the portfolio's beta measure.
nBeta3Year Measures the Fund's volatility relative to the overall market. A beta above 1 is more volatile than the overall market, while a beta below 1 is less volatile.
nSharpeRatio A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe Ratio, the better the fund's historical risk-adjusted performance.
nStandardDeviation3Year A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk.
nMedianMktCap Market Cap is the value of a corporation as determined by the market price of its issued and outstanding common stock.
nWeightedAvgMaturityDays The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.
nWeightedAvgMaturityYears The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.
nWeightedAvgLife The length of time until the average security in a fund will mature or be redeemed by its issuer. It indicates a fund's sensitivity to interest rate changes: longer average weighted maturity implies greater volatility in response to interest rate changes.
nPriceToEarnings P/E is the price of a stock divided by its earnings per share.
nPriceToBook P/BV is the ratio of a stock's price to its Book Value.
nExpenseRatio Operating costs, including management fees, expressed as a percentage of the fund's average net assets for a given time period.
nMktWeightedAvgCoupon The interest rate on a fixed income security, determined upon issuance, and expressed as a percentage of par.
nPriceToFFORealEstate Price to Funds From Operations (P/FFO), the REIT equivalent of a security’s Price to Earnings ratio (P/E), is used to measure operating performance which encompasses a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation.
nWeightedAvgResetDays Reset is the number of days that the current interest rate contract is in effect.

Portfolio Composition as of 08/31/2017

Term Loan 99.82
Common Stock 0.18
Total: 100.00%

Weighted Averages as of 08/31/2017

Weighted Average Days To Reset 33.3
Weighted Average Maturity 5.37
Weighted Average Spread 3.53%
Weighted Average Market Price 98.56
Weighted Avg. Coupon 4.85%
Weighted Avg. Rating Factor 2,378
nWeightedAvgMktPrice  Weighted Average Market Price is calculated as the market price of each loan divided by the par amount outstanding.
nWeightedAverageRatingFactor  Weighted Average Rating Factor is a measure that is used by credit rating companies to determine the credit quality of a portfolio. This measure allows rating companies to look at a portfolio as a single security, and assign it a single rating.
nWeightedAverageCoupon  Weighted Average Coupon is the weighted-average gross interest rates of the pool of senior loans at the time of calculation.
nWeightedAvgSpread  Weighted Average Spread is the average contractual spread of each senior loan, above its base rate.
nWeightedAvgResetDays  Weighted Average Reset measures the average number of days that the current interest rate contracts are in effect.
nWeightedAvgMaturityYears Weighted Average Maturity is the weighted average years until maturity on all senior loans.

Top Ten Loan Issuersas of 08/31/2017

Dell International LLC 1.23
Asurion, LLC 1.10
Univision Communications, Inc. 1.09
PetSmart, Inc. 0.94
SFR Group SA (Numericable) 0.83
Gardner Denver, Inc. 0.83
Gates Global LLC 0.83
Amaya Gaming Group Inc. 0.82
Hub International Limited 0.81
Advantage Sales & Marketing, Inc. 0.79
Total: 9.26%

Sector Weightings % of Total Investments as of 08/31/2017

Electronics/Electrical 12.39
Health Care 11.79
Business Equipment & Services 9.18
Telecommunications 7.28
Retailers (Except Food & Drug) 5.86
Diversified Insurance 5.06
Chemicals & Plastics 4.85
Automotive 3.98
Leisure Goods/Activities/Movies 3.88
Lodging & Casinos 3.86
Total: 68.11%

Top Country Weightings % of Total Investments as of 08/31/2017

United States 88.77
Netherlands 2.57
Luxembourg 2.50
Canada 2.44
France 1.58
Germany 0.90
Ireland 0.39
UK 0.19
Cayman Islands 0.17
United States Virgin Islands 0.16
Total: 99.67%

Credit Quality % of Total Investments as of 08/31/2017

BBB 4.27
BB 30.69
B 59.61
CCC or Lower 4.87
Not Rated 0.57
Total: 100.0%
Shares Outstanding as of:

06/30/2017: 147,787,691

05/31/2017: 147,787,691

04/30/2017: 147,809,399

03/31/2017: 147,809,399

The Standard & Poor's rating scale is as follows, from excellent (high grade) to poor (including default): AAA to D, with intermediate ratings offered at each level between AA and CCC. Anything lower than a BBB- rating is considered a non-investment grade or junk bond. Any security that is not rated by Standard & Poor's is placed in the NR (Not Rated) category.

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to change daily.

Past performance is no guarantee of future results.

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