PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
Voya
Russell™
Large
Cap
Growth
Index
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
99
.3
%
Communication
Services
:
12
.7
%
455,914
(1)
Alphabet,
Inc.
-
Class
A
$
59,660,906
4
.3
390,197
(1)
Alphabet,
Inc.
-
Class
C
51,447,475
3
.7
7,863
(1)
Charter
Communications,
Inc.
-
Class
A
3,458,305
0
.2
169,697
(1)
Meta
Platforms,
Inc.
-
Class
A
50,944,736
3
.6
33,642
(1)
Netflix,
Inc.
12,703,219
0
.9
178,214,641
12
.7
Consumer
Discretionary
:
16
.7
%
31,091
(1)
Airbnb,
Inc.
-
Class
A
4,265,996
0
.3
691,213
(1)
Amazon.com,
Inc.
87,866,997
6
.3
1,160
(1)
AutoZone,
Inc.
2,946,388
0
.2
2,846
(1)
Booking
Holdings,
Inc.
8,776,922
0
.6
2,107
(1)
Chipotle
Mexican
Grill,
Inc.
3,859,666
0
.3
16,800
Dollar
General
Corp.
1,777,440
0
.1
77,698
Home
Depot,
Inc.
23,477,228
1
.7
23,628
Las
Vegas
Sands
Corp.
1,083,107
0
.1
32,975
Lowe's
Cos.,
Inc.
6,853,524
0
.5
8,533
(1)
Lululemon
Athletica,
Inc.
3,290,410
0
.2
19,007
Marriott
International,
Inc.
-
Class
A
3,736,016
0
.3
23,108
McDonald's
Corp.
6,087,571
0
.4
48,625
NIKE,
Inc.
-
Class
B
4,649,522
0
.3
3,895
(1)
O'Reilly
Automotive,
Inc.
3,540,010
0
.2
86,554
Starbucks
Corp.
7,899,784
0
.6
35,284
Target
Corp.
3,901,352
0
.3
211,682
(1)
Tesla,
Inc.
52,967,070
3
.8
88,357
TJX
Cos.,
Inc.
7,853,170
0
.5
234,832,173
16
.7
Consumer
Staples
:
4
.1
%
148,206
Coca-Cola
Co.
8,296,572
0
.6
1,235
Constellation
Brands,
Inc.
-
Class
A
310,393
0.0
33,990
Costco
Wholesale
Corp.
19,202,990
1
.4
5,550
Estee
Lauder
Cos.,
Inc.
-
Class
A
802,252
0
.1
8,382
Hershey
Co.
1,677,071
0
.1
45,104
Kenvue,
Inc.
905,688
0
.1
24,314
Kimberly-Clark
Corp.
2,938,347
0
.2
57,060
(1)
Monster
Beverage
Corp.
3,021,327
0
.2
73,033
PepsiCo,
Inc.
12,374,712
0
.9
33,956
Procter
&
Gamble
Co.
4,952,822
0
.3
38,918
Sysco
Corp.
2,570,534
0
.2
57,052,708
4
.1
Financials
:
1
.7
%
14,887
American
Express
Co.
2,220,992
0
.2
54,665
Blackstone,
Inc.
5,856,808
0
.4
12,764
(1)
Fiserv,
Inc.
1,441,821
0
.1
30,415
Marsh
&
McLennan
Cos.,
Inc.
5,787,975
0
.4
11,101
Moody's
Corp.
3,509,803
0
.2
33,581
Progressive
Corp.
4,677,833
0
.3
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
2,041
S&P
Global,
Inc.
$
745,802
0
.1
24,241,034
1
.7
Health
Care
:
9
.9
%
8,360
Abbott
Laboratories
809,666
0
.1
135,385
AbbVie,
Inc.
20,180,488
1
.4
27,868
Amgen,
Inc.
7,489,804
0
.5
1,656
Cigna
Group
473,732
0.0
46,181
(1)
Edwards
Lifesciences
Corp.
3,199,420
0
.2
2,417
Elevance
Health,
Inc.
1,052,410
0
.1
64,926
Eli
Lilly
&
Co.
34,873,702
2
.5
2,281
GE
HealthCare
Technologies,
Inc.
155,199
0.0
3,244
HCA
Healthcare,
Inc.
797,959
0
.1
4,159
Humana,
Inc.
2,023,437
0
.1
26,794
(1)
Intuitive
Surgical,
Inc.
7,831,618
0
.6
3,962
McKesson
Corp.
1,722,876
0
.1
35,857
Merck
&
Co.,
Inc.
3,691,478
0
.3
540
(1)
Regeneron
Pharmaceuticals,
Inc.
444,398
0.0
6,922
Stryker
Corp.
1,891,575
0
.1
18,232
Thermo
Fisher
Scientific,
Inc.
9,228,491
0
.7
59,976
UnitedHealth
Group,
Inc.
30,239,300
2
.2
18,084
(1)
Vertex
Pharmaceuticals,
Inc.
6,288,530
0
.5
35,508
Zoetis,
Inc.
6,177,682
0
.4
138,571,765
9
.9
Industrials
:
3
.8
%
27,223
Automatic
Data
Processing,
Inc.
6,549,309
0
.4
5,818
(1)
Boeing
Co.
1,115,194
0
.1
29,715
Caterpillar,
Inc.
8,112,195
0
.6
17,058
CSX
Corp.
524,534
0.0
19,355
Deere
&
Co.
7,304,190
0
.5
6,584
Honeywell
International,
Inc.
1,216,328
0
.1
18,960
Illinois
Tool
Works,
Inc.
4,366,678
0
.3
17,348
Lockheed
Martin
Corp.
7,094,638
0
.5
625
Northrop
Grumman
Corp.
275,119
0.0
148,785
(1)
Uber
Technologies,
Inc.
6,842,622
0
.5
20,015
Union
Pacific
Corp.
4,075,654
0
.3
15,389
United
Parcel
Service,
Inc.
-
Class
B
2,398,683
0
.2
28,045
Waste
Management,
Inc.
4,275,180
0
.3
54,150,324
3
.8
Information
Technology
:
49
.0
%
48,476
Accenture
PLC
-
Class
A
14,887,464
1
.1
35,153
(1)
Adobe,
Inc.
17,924,515
1
.3
69,972
(1)
Advanced
Micro
Devices,
Inc.
7,194,521
0
.5
1,144,952
Apple,
Inc.
196,027,232
14
.0
54,723
Applied
Materials,
Inc.
7,576,399
0
.5
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
Voya
Russell™
Large
Cap
Growth
Index
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
19,231
(1)
Arista
Networks,
Inc.
$
3,537,158
0
.3
11,096
(1)
Atlassian
Corp.
-
Class
A
2,235,955
0
.2
16,481
(1)
Autodesk,
Inc.
3,410,084
0
.2
30,997
Broadcom,
Inc.
25,745,488
1
.8
20,735
(1)
Cadence
Design
Systems,
Inc.
4,858,211
0
.3
50,368
(1)
Fortinet,
Inc.
2,955,594
0
.2
20,958
Intuit,
Inc.
10,708,281
0
.8
10,524
KLA
Corp.
4,826,938
0
.3
9,746
Lam
Research
Corp.
6,108,500
0
.4
64,367
Mastercard,
Inc.
-
Class
A
25,483,539
1
.8
570,979
Microsoft
Corp.
180,286,619
12
.9
11,657
Motorola
Solutions,
Inc.
3,173,502
0
.2
182,299
NVIDIA
Corp.
79,298,242
5
.7
47,944
Oracle
Corp.
5,078,228
0
.4
23,121
(1)
Palo
Alto
Networks,
Inc.
5,420,487
0
.4
78,036
(1)
PayPal
Holdings,
Inc.
4,561,985
0
.3
74,634
Qualcomm,
Inc.
8,288,852
0
.6
54,753
(1)
Salesforce,
Inc.
11,102,813
0
.8
15,620
(1)
ServiceNow,
Inc.
8,730,955
0
.6
23,767
(1)
Snowflake,
Inc.
-
Class
A
3,630,885
0
.3
11,652
(1)
Synopsys,
Inc.
5,347,918
0
.4
28,414
Texas
Instruments,
Inc.
4,518,110
0
.3
124,239
Visa,
Inc.
-
Class
A
28,576,212
2
.0
16,498
(1)
VMware,
Inc.
-
Class
A
2,746,587
0
.2
15,170
(1)
Workday,
Inc.
-
Class
A
3,259,275
0
.2
687,500,549
49
.0
Materials
:
0
.6
%
14,824
Ecolab,
Inc.
2,511,186
0
.2
3,538
Linde
PLC
1,317,374
0
.1
15,197
Sherwin-Williams
Co.
3,875,995
0
.3
6,532
Southern
Copper
Corp.
491,794
0.0
8,196,349
0
.6
Real
Estate
:
0
.8
%
35,714
American
Tower
Corp.
5,873,167
0
.4
3,515
Crown
Castle,
Inc.
323,486
0.0
3,595
Equinix,
Inc.
2,610,905
0
.2
6,981
Public
Storage
1,839,633
0
.2
10,647,191
0
.8
Total
Common
Stock
(Cost
$451,849,445)
1,393,406,734
99
.3
EXCHANGE-TRADED
FUNDS
:
0
.4
%
37,623
iShares
Russell
Top
200
Growth
ETF
5,787,546
0
.4
Total
Exchange-Traded
Funds
(Cost
$6,057,640)
5,787,546
0
.4
Total
Long-Term
Investments
(Cost
$457,907,085)
1,399,194,280
99
.7
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
0
.1
%
Mutual
Funds
:
0
.1
%
1,533,000
(2)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$1,533,000)
$
1,533,000
0
.1
Total
Short-Term
Investments
(Cost
$1,533,000)
$
1,533,000
0
.1
Total
Investments
in
Securities
(Cost
$459,440,085)
$
1,400,727,280
99
.8
Assets
in
Excess
of
Other
Liabilities
2,602,263
0.2
Net
Assets
$
1,403,329,543
100.0
(1)
Non-income
producing
security.
(2)
Rate
shown
is
the
7-day
yield
as
of
September
30,
2023.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
Voya
Russell™
Large
Cap
Growth
Index
Portfolio
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
September
30,
2023
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
September
30,
2023
Asset
Table
Investments,
at
fair
value
Common
Stock*
$
1,393,406,734
$
—
$
—
$
1,393,406,734
Exchange-Traded
Funds
5,787,546
—
—
5,787,546
Short-Term
Investments
1,533,000
—
—
1,533,000
Total
Investments,
at
fair
value
$
1,400,727,280
$
—
$
—
$
1,400,727,280
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(
152,099
)
$
—
$
—
$
(
152,099
)
Total
Liabilities
$
(
152,099
)
$
—
$
—
$
(
152,099
)
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
Investments.
+
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
fair
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
OTC
swaps
and
written
options
are
valued
at
the
fair
value
of
the
instrument.
At
September
30,
2023,
the
following
futures
contracts
were
outstanding
for
Voya
Russell™
Large
Cap
Growth
Index
Portfolio:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Depreciation
Long
Contracts:
S&P
500
E-Mini
16
12/15/23
$
3,460,400
$
(
152,099
)
$
3,460,400
$
(
152,099
)
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
949,606,050
Gross
Unrealized
Depreciation
(
8,318,855
)
Net
Unrealized
Appreciation
$
941,287,195