PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
Voya
VACS
Index
Series
SC
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
98
.0
%
Communication
Services
:
2
.4
%
14,761
(1)
Advantage
Solutions,
Inc.
$
41,921
0.0
5,211
(1)
AMC
Networks,
Inc.
—
Class
A
61,386
0.0
2,147
(1)
Anterix,
Inc.
67,373
0.0
12,072
(1)(2)
AST
SpaceMobile,
Inc.
45,874
0.0
465
(1)
Atlanta
Braves
Holdings,
Inc.
—
Class
A
18,168
0.0
8,377
(1)
Atlanta
Braves
Holdings,
Inc.
—
Class
C
299,310
0
.1
1,986
ATN
International,
Inc.
62,678
0.0
3,833
(1)
Bandwidth,
Inc.
—
Class
A
43,198
0.0
4,049
(1)
Boston
Omaha
Corp.
—
Class
A
66,363
0.0
15,606
(1)
Bumble,
Inc.
—
Class
A
232,841
0
.1
5,186
(1)
Cardlytics,
Inc.
85,569
0.0
15,321
(1)
Cargurus,
Inc.
268,424
0
.1
10,538
(1)
Cars.com,
Inc.
177,671
0
.1
22,401
(1)
Charge
Enterprises,
Inc.
11,138
0.0
17,000
(1)
Cinemark
Holdings,
Inc.
311,950
0
.1
58,842
(1)
Clear
Channel
Outdoor
Holdings,
Inc.
92,970
0.0
6,668
Cogent
Communications
Holdings,
Inc.
412,749
0
.1
12,223
(1)
Consolidated
Communications
Holdings,
Inc.
41,803
0.0
253
(1)
Daily
Journal
Corp.
74,382
0.0
7,243
(1)
DHI
Group,
Inc.
22,164
0.0
5,429
(1)
EchoStar
Corp.
—
Class
A
90,936
0.0
10,058
Entravision
Communications
Corp.
—
Class
A
36,712
0.0
12,142
(1)
Eventbrite,
Inc.
—
Class
A
119,720
0.0
3,500
(1)
EverQuote,
Inc.
—
Class
A
25,305
0.0
9,767
(1)
EW
Scripps
Co.
—
Class
A
53,523
0.0
44,565
(1)
fuboTV,
Inc.
118,989
0.0
24,015
(1)
Gannett
Co.,
Inc.
58,837
0.0
108,395
(1)
Globalstar,
Inc.
141,997
0
.1
10,400
(1)
Gogo,
Inc.
124,072
0.0
13,637
Gray
Television,
Inc.
94,368
0.0
6,413
(1)
Grindr,
Inc.
36,875
0.0
2,514
(1)
IDT
Corp.
—
Class
B
55,434
0.0
16,204
(1)
iHeartMedia,
Inc.
—
Class
A
51,205
0.0
7,309
(1)
IMAX
Corp.
141,210
0
.1
7,473
(1)
Integral
Ad
Science
Holding
Corp.
88,854
0.0
6,518
John
Wiley
&
Sons,
Inc.
—
Class
A
242,274
0
.1
27,875
(1)
Liberty
Latin
America
Ltd.
—
Class
C
227,460
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Communication
Services:
(continued)
9,835
(1)
Lions
Gate
Entertainment
Corp.
—
Class
A
$
83,401
0.0
17,548
(1)
Lions
Gate
Entertainment
Corp.
—
Class
B
138,103
0
.1
155,350
(1)
Lumen
Technologies,
Inc.
220,597
0
.1
6,740
(1)
Madison
Square
Garden
Entertainment
Corp.
221,813
0
.1
20,823
(1)
Magnite,
Inc.
157,005
0
.1
4,421
Marcus
Corp.
68,525
0.0
3,673
(1)
MediaAlpha,
Inc.
—
Class
A
30,339
0.0
22,406
(1)
Nextdoor
Holdings,
Inc.
40,779
0.0
3,888
(1)
Ooma,
Inc.
50,583
0.0
7,177
(1)
Outbrain,
Inc.
34,952
0.0
14,793
(1)
Playstudios,
Inc.
47,042
0.0
6,714
(1)
PubMatic,
Inc.
—
Class
A
81,239
0.0
8,527
(1)
QuinStreet,
Inc.
76,487
0.0
4,288
Scholastic
Corp.
163,544
0
.1
7,746
Shenandoah
Telecommunications
Co.
159,645
0
.1
3,834
Shutterstock,
Inc.
145,884
0
.1
5,352
Sinclair,
Inc.
60,049
0.0
4,109
(1)
Sphere
Entertainment
Co.
152,690
0
.1
2,882
Spok
Holdings,
Inc.
41,126
0.0
12,801
(1)
Stagwell,
Inc.
60,037
0.0
4,122
(1)
TechTarget,
Inc.
125,144
0
.1
31,343
TEGNA,
Inc.
456,667
0
.1
15,303
Telephone
and
Data
Systems,
Inc.
280,198
0
.1
5,144
(1)
Thryv
Holdings,
Inc.
96,553
0.0
18,511
(1)(2)
Tingo
Group,
Inc.
18,974
0.0
14,091
(1)
TrueCar,
Inc.
29,168
0.0
24,531
(1)
Vimeo,
Inc.
86,840
0.0
4,193
(1)
Vivid
Seats,
Inc.
—
Class
A
26,919
0.0
8,576
(1)
WideOpenWest,
Inc.
65,606
0.0
10,364
(1)
Yelp,
Inc.
431,039
0
.1
7,238
(1)
Ziff
Davis,
Inc.
460,988
0
.1
10,798
(1)
ZipRecruiter,
Inc.
—
Class
A
129,468
0
.1
8,387,107
2
.4
Consumer
Discretionary
:
10
.3
%
4,372
(1)
1-800-Flowers.com,
Inc.
—
Class
A
30,604
0.0
12,028
(1)
2U,
Inc.
29,709
0.0
5,036
Aaron's
Co.,
Inc.
52,727
0.0
7,548
(1)
Abercrombie
&
Fitch
Co.
—
Class
A
425,481
0
.1
11,544
Academy
Sports
&
Outdoors,
Inc.
545,685
0
.2
9,312
(1)
Accel
Entertainment,
Inc.
101,966
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
4,956
Acushnet
Holdings
Corp.
$
262,866
0
.1
14,598
(1)
Adient
PLC
535,747
0
.2
6,793
(1)
Adtalem
Global
Education,
Inc.
291,080
0
.1
14,707
(1)
Allbirds,
Inc.
—
Class
A
16,325
0.0
17,762
(1)
American
Axle
&
Manufacturing
Holdings,
Inc.
128,952
0.0
28,094
American
Eagle
Outfitters,
Inc.
466,641
0
.1
954
(1)
America's
Car-Mart,
Inc.
86,804
0.0
14,987
(1)(2)
AMMO,
Inc.
30,274
0.0
14,376
Arko
Corp.
102,788
0.0
3,197
(1)
Asbury
Automotive
Group,
Inc.
735,534
0
.2
2,561
(1)(2)
Atmus
Filtration
Technologies,
Inc.
53,397
0.0
4,961
(1)
Bally's
Corp.
65,039
0.0
22,829
(1)
BARK,
Inc.
27,395
0.0
4,794
(1)
Beazer
Homes
USA,
Inc.
119,419
0.0
3,526
Big
5
Sporting
Goods
Corp.
24,717
0.0
4,202
Big
Lots,
Inc.
21,472
0.0
3,571
(1)
BJ's
Restaurants,
Inc.
83,776
0.0
13,479
Bloomin'
Brands,
Inc.
331,449
0
.1
1,903
Bluegreen
Vacations
Holding
Corp.
69,802
0.0
4,575
(1)
Boot
Barn
Holdings,
Inc.
371,444
0
.1
4,660
(1)(2)
Bowlero
Corp.
—
Class
A
44,829
0.0
6,772
(1)
Brinker
International,
Inc.
213,927
0
.1
4,940
Buckle,
Inc.
164,947
0
.1
2,114
Build-A-Bear
Workshop,
Inc.
62,173
0.0
5,576
Caleres,
Inc.
160,366
0
.1
6,544
Camping
World
Holdings,
Inc.
—
Class
A
133,563
0.0
8,281
(1)
CarParts.com,
Inc.
34,118
0.0
2,207
Carriage
Services,
Inc.
62,348
0.0
5,818
(1)
Carrols
Restaurant
Group,
Inc.
38,341
0.0
14,847
(1)
Carvana
Co.
623,277
0
.2
1,354
(1)
Cavco
Industries,
Inc.
359,704
0
.1
5,064
(1)
Century
Casinos,
Inc.
25,978
0.0
4,437
Century
Communities,
Inc.
296,303
0
.1
7,501
Cheesecake
Factory,
Inc.
227,280
0
.1
18,555
(1)
Chegg,
Inc.
165,511
0
.1
19,546
(1)
Chico's
FAS,
Inc.
146,204
0.0
1,928
(1)
Children's
Place,
Inc.
52,114
0.0
3,057
(1)
Chuy's
Holdings,
Inc.
108,768
0.0
4,586
Clarus
Corp.
34,670
0.0
3,530
(1)
ContextLogic,
Inc.
—
Class
A
15,567
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
2,615
(1)
Cooper-Standard
Holdings,
Inc.
$
35,093
0.0
20,003
(1)
Coursera,
Inc.
373,856
0
.1
3,392
Cracker
Barrel
Old
Country
Store,
Inc.
227,942
0
.1
7,775
Cricut,
Inc.
—
Class
A
72,230
0.0
19,808
Dana,
Inc.
290,583
0
.1
5,557
(1)
Dave
&
Buster's
Entertainment,
Inc.
205,998
0
.1
9,158
(1)
Denny's
Corp.
77,568
0.0
7,954
Designer
Brands,
Inc.
—
Class
A
100,698
0.0
10,323
(1)
Destination
XL
Group,
Inc.
46,247
0.0
546
(2)
Dillard's,
Inc.
—
Class
A
180,622
0
.1
2,473
Dine
Brands
Global,
Inc.
122,290
0.0
4,106
(1)
Dorman
Products,
Inc.
311,071
0
.1
3,975
(1)(2)
Dream
Finders
Homes,
Inc.
—
Class
A
88,364
0.0
4,420
(1)
Duolingo,
Inc.
733,145
0
.2
4,618
El
Pollo
Loco
Holdings,
Inc.
41,331
0.0
3,798
Ethan
Allen
Interiors,
Inc.
113,560
0.0
5,490
(1)(2)
European
Wax
Center,
Inc.
—
Class
A
88,938
0.0
13,469
(1)
Everi
Holdings,
Inc.
178,060
0
.1
16,479
(1)(2)
EVgo,
Inc.
55,699
0.0
20,153
(1)
Figs,
Inc.
—
Class
A
118,903
0.0
3,376
(1)
First
Watch
Restaurant
Group,
Inc.
58,371
0.0
30,505
(1)(2)
Fisker,
Inc.
195,842
0
.1
12,641
(2)
Foot
Locker,
Inc.
219,321
0
.1
8,391
(1)
Fossil
Group,
Inc.
17,285
0.0
6,567
(1)
Fox
Factory
Holding
Corp.
650,658
0
.2
12,651
(1)
Frontdoor,
Inc.
386,994
0
.1
5,500
(1)
Full
House
Resorts,
Inc.
23,485
0.0
5,876
(1)
Funko,
Inc.
—
Class
A
44,951
0.0
2,042
(1)
Genesco,
Inc.
62,934
0.0
5,147
(1)
Gentherm,
Inc.
279,276
0
.1
6,532
(1)
G-III
Apparel
Group
Ltd.
162,777
0
.1
5,321
(1)
Global
Business
Travel
Group
I
29,265
0.0
3,281
Golden
Entertainment,
Inc.
112,145
0.0
43,210
(1)
Goodyear
Tire
&
Rubber
Co.
537,100
0
.2
21,001
(1)
GoPro,
Inc.
—
Class
A
65,943
0.0
556
Graham
Holdings
Co.
—
Class
B
324,148
0
.1
4,150
(1)
Green
Brick
Partners,
Inc.
172,266
0
.1
2,146
Group
1
Automotive,
Inc.
576,652
0
.2
9,292
(1)
GrowGeneration
Corp.
27,133
0.0
4,668
(2)
Guess?,
Inc.
101,016
0.0
54,147
Hanesbrands,
Inc.
214,422
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
2,501
Haverty
Furniture
Cos.,
Inc.
$
71,979
0.0
3,707
(1)
Helen
of
Troy
Ltd.
432,088
0
.1
2,034
Hibbett,
Inc.
96,635
0.0
12,511
(1)
Hilton
Grand
Vacations,
Inc.
509,198
0
.2
8,537
(1)
Holley,
Inc.
42,600
0.0
795
(1)
Hovnanian
Enterprises,
Inc.
—
Class
A
80,820
0.0
3,639
(1)
Inspired
Entertainment,
Inc.
43,522
0.0
3,648
Installed
Building
Products,
Inc.
455,599
0
.1
16,692
International
Game
Technology
PLC
506,101
0
.2
4,310
(1)
iRobot
Corp.
163,349
0
.1
3,240
Jack
in
the
Box,
Inc.
223,754
0
.1
901
Johnson
Outdoors,
Inc.
—
Class
A
49,276
0.0
11,159
KB
Home
516,439
0
.2
8,654
Kontoor
Brands,
Inc.
379,997
0
.1
13,735
(2)
Krispy
Kreme,
Inc.
171,275
0
.1
947
(1)
Kura
Sushi
USA,
Inc.
—
Class
A
62,616
0.0
2,703
(1)
Lands'
End,
Inc.
20,191
0.0
6,530
(1)
Latham
Group,
Inc.
18,284
0.0
20,324
Laureate
Education,
Inc.
286,568
0
.1
6,867
La-Z-Boy,
Inc.
212,053
0
.1
3,787
LCI
Industries
444,670
0
.1
1,753
(1)
Legacy
Housing
Corp.
34,026
0.0
27,728
(1)
Leslie's,
Inc.
156,940
0
.1
3,193
(1)
LGI
Homes,
Inc.
317,672
0
.1
7,046
(1)
Life
Time
Group
Holdings,
Inc.
107,170
0.0
14,024
(1)
Light
&
Wonder,
Inc.
1,000,332
0
.3
3,254
(1)
Lincoln
Educational
Services
Corp.
27,496
0.0
5,381
(1)
Lindblad
Expeditions
Holdings,
Inc.
38,743
0.0
1,868
(1)
Livewire
Group,
Inc.
12,945
0.0
2,343
(1)
Lovesac
Co.
46,673
0.0
42,150
(1)(2)
Luminar
Technologies,
Inc.
191,782
0
.1
4,203
(1)
M/I
Homes,
Inc.
353,220
0
.1
3,296
(1)
Malibu
Boats,
Inc.
—
Class
A
161,570
0
.1
3,453
(1)
MarineMax,
Inc.
113,327
0.0
2,862
(1)
MasterCraft
Boat
Holdings,
Inc.
63,594
0.0
8,983
MDC
Holdings,
Inc.
370,369
0
.1
5,612
Meritage
Homes
Corp.
686,853
0
.2
7,973
(1)
Modine
Manufacturing
Co.
364,765
0
.1
2,232
Monarch
Casino
&
Resort,
Inc.
138,607
0.0
6,984
(1)
Mondee
Holdings,
Inc.
24,933
0.0
4,932
Monro,
Inc.
136,962
0.0
2,705
Movado
Group,
Inc.
73,982
0.0
574
Nathan's
Famous,
Inc.
40,559
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
12,027
(1)
National
Vision
Holdings,
Inc.
$
194,597
0
.1
10,222
(1)
Nerdy,
Inc.
37,821
0.0
5,226
(1)
ODP
Corp.
241,180
0
.1
3,959
(1)
ONE
Group
Hospitality,
Inc.
21,775
0.0
12,816
(1)
OneSpaWorld
Holdings
Ltd.
143,796
0.0
2,077
(1)
OneWater
Marine,
Inc.
—
Class
A
53,213
0.0
7,013
(1)
Overstock.com,
Inc.
110,946
0.0
2,344
Oxford
Industries,
Inc.
225,329
0
.1
5,067
Papa
John's
International,
Inc.
345,671
0
.1
3,356
Patrick
Industries,
Inc.
251,901
0
.1
10,701
Perdoceo
Education
Corp.
182,987
0
.1
3,213
PetMed
Express,
Inc.
32,933
0.0
6,421
(1)
PlayAGS,
Inc.
41,865
0.0
6,909
(1)
Portillo's,
Inc.
—
Class
A
106,330
0.0
4,230
(1)
Potbelly
Corp.
32,994
0.0
9,764
Purple
Innovation,
Inc.
16,696
0.0
1,493
RCI
Hospitality
Holdings,
Inc.
90,565
0.0
2,493
(1)
Red
Robin
Gourmet
Burgers,
Inc.
20,044
0.0
7,390
Red
Rock
Resorts,
Inc.
—
Class
A
302,990
0
.1
8,556
Rent-A-Center,
Inc.
251,974
0
.1
6,279
(1)
Revolve
Group,
Inc.
85,457
0.0
14,365
(1)
Rover
Group,
Inc.
89,925
0.0
9,953
(1)
Rush
Street
Interactive,
Inc.
45,983
0.0
16,881
(1)
Sally
Beauty
Holdings,
Inc.
141,463
0.0
3,979
(1)
Savers
Value
Village,
Inc.
74,288
0.0
5,661
(1)
SeaWorld
Entertainment,
Inc.
261,821
0
.1
5,800
(1)
Shake
Shack,
Inc.
—
Class
A
336,806
0
.1
2,940
Shoe
Carnival,
Inc.
70,648
0.0
6,867
Signet
Jewelers
Ltd.
493,119
0
.1
11,081
(1)
Six
Flags
Entertainment
Corp.
260,514
0
.1
8,249
(1)
Skyline
Champion
Corp.
525,626
0
.2
3,303
(1)
Sleep
Number
Corp.
81,221
0.0
7,717
Smith
&
Wesson
Brands,
Inc.
99,626
0.0
3,127
(1)
Snap
One
Holdings
Corp.
28,893
0.0
25,794
(1)
Solid
Power,
Inc.
52,104
0.0
3,380
(1)
Solo
Brands,
Inc.
—
Class
A
17,238
0.0
2,545
Sonic
Automotive,
Inc.
—
Class
A
121,549
0.0
19,645
(1)
Sonos,
Inc.
253,617
0
.1
6,636
(1)
Sportsman's
Warehouse
Holdings,
Inc.
29,796
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
4
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
3,564
Standard
Motor
Products,
Inc.
$
119,822
0.0
11,663
Steven
Madden
Ltd.
370,534
0
.1
12,980
(1)
Stitch
Fix,
Inc.
—
Class
A
44,781
0.0
4,349
(1)
Stoneridge,
Inc.
87,284
0.0
3,524
Strategic
Education,
Inc.
265,181
0
.1
6,567
(1)
Stride,
Inc.
295,712
0
.1
2,888
Sturm
Ruger
&
Co.,
Inc.
150,523
0
.1
22,294
(1)
Super
Group
SGHC
Ltd.
82,265
0.0
14,949
(1)
Sweetgreen,
Inc.
—
Class
A
175,651
0
.1
4,845
(1)
Target
Hospitality
Corp.
76,939
0.0
16,226
(1)
Taylor
Morrison
Home
Corp.
691,390
0
.2
11,299
(1)
ThredUp,
Inc.
—
Class
A
45,309
0.0
4,267
(1)
Tilly's,
Inc.
—
Class
A
34,648
0.0
22,241
(1)
Topgolf
Callaway
Brands
Corp.
307,815
0
.1
5,566
(1)
Traeger,
Inc.
15,195
0.0
15,417
(1)
Tri
Pointe
Homes,
Inc.
421,655
0
.1
13,498
(1)
Udemy,
Inc.
128,231
0.0
5,812
(1)
Universal
Technical
Institute,
Inc.
48,705
0.0
9,856
(1)
Urban
Outfitters,
Inc.
322,193
0
.1
4,502
(1)
Vera
Bradley,
Inc.
29,758
0.0
8,963
(1)
Vista
Outdoor,
Inc.
296,855
0
.1
4,296
(1)
Visteon
Corp.
593,149
0
.2
12,333
(1)
Vizio
Holding
Corp.
—
Class
A
66,722
0.0
2,238
(1)
VOXX
International
Corp.
17,859
0.0
13,132
(1)
Warby
Parker,
Inc.
—
Class
A
172,817
0
.1
463
Winmark
Corp.
172,759
0
.1
4,569
Winnebago
Industries,
Inc.
271,627
0
.1
12,364
Wolverine
World
Wide,
Inc.
99,654
0.0
31,722
(1)(2)
Workhorse
Group,
Inc.
13,146
0.0
8,561
(1)
WW
International,
Inc.
94,770
0.0
3,518
(1)
XPEL,
Inc.
271,273
0
.1
4,005
(1)
Xponential
Fitness,
Inc.
—
Class
A
62,077
0.0
2,551
(1)
Zumiez,
Inc.
45,408
0.0
36,621,805
10
.3
Consumer
Staples
:
3
.5
%
5,018
Andersons,
Inc.
258,477
0
.1
11,275
(2)
B&G
Foods,
Inc.
111,510
0.0
12,548
(1)
Beauty
Health
Co.
75,539
0.0
20,689
(1)
BellRing
Brands,
Inc.
853,007
0
.2
28,769
(1)
Benson
Hill,
Inc.
9,537
0.0
9,029
(1)(2)
Beyond
Meat,
Inc.
86,859
0.0
5,873
(1)(2)
BRC,
Inc.
—
Class
A
21,084
0.0
2,852
Calavo
Growers,
Inc.
71,956
0.0
5,882
Cal-Maine
Foods,
Inc.
284,806
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
1,041
(1)
Central
Garden
&
Pet
Co.
$
45,950
0.0
6,761
(1)
Central
Garden
&
Pet
Co.
—
Class
A
271,049
0
.1
5,596
(1)
Chefs'
Warehouse,
Inc.
118,523
0.0
734
Coca-Cola
Consolidated,
Inc.
467,059
0
.1
11,474
Dole
PLC
132,869
0.0
7,232
(1)
Duckhorn
Portfolio,
Inc.
74,200
0.0
7,957
Edgewell
Personal
Care
Co.
294,091
0
.1
8,242
(1)
elf
Beauty,
Inc.
905,219
0
.3
11,003
Energizer
Holdings,
Inc.
352,536
0
.1
5,568
Fresh
Del
Monte
Produce,
Inc.
143,877
0.0
13,943
(1)
Hain
Celestial
Group,
Inc.
144,589
0
.1
15,353
(1)
Herbalife
Ltd.
214,788
0
.1
6,870
(1)
HF
Foods
Group,
Inc.
27,274
0.0
20,384
(1)
Hostess
Brands,
Inc.
678,991
0
.2
2,339
Ingles
Markets,
Inc.
—
Class
A
176,197
0
.1
2,845
Inter
Parfums,
Inc.
382,197
0
.1
2,337
J
&
J
Snack
Foods
Corp.
382,450
0
.1
1,473
John
B
Sanfilippo
&
Son,
Inc.
145,532
0
.1
3,017
Lancaster
Colony
Corp.
497,896
0
.1
2,972
Limoneira
Co.
45,531
0.0
1,689
Medifast,
Inc.
126,422
0.0
2,448
MGP
Ingredients,
Inc.
258,215
0
.1
8,280
(1)
Mission
Produce,
Inc.
80,150
0.0
3,733
(1)
National
Beverage
Corp.
175,526
0
.1
2,335
(1)
Nature's
Sunshine
Products,
Inc.
38,691
0.0
7,616
Nu
Skin
Enterprises,
Inc.
—
Class
A
161,535
0
.1
869
Oil-Dri
Corp.
of
America
53,661
0.0
4,041
PriceSmart,
Inc.
300,772
0
.1
24,195
Primo
Water
Corp.
333,891
0
.1
880
(1)
Seneca
Foods
Corp.
—
Class
A
47,370
0.0
13,968
(1)
Simply
Good
Foods
Co.
482,175
0
.1
7,802
(1)
Sovos
Brands,
Inc.
175,935
0
.1
5,741
SpartanNash
Co.
126,302
0.0
15,968
(1)
Sprouts
Farmers
Market,
Inc.
683,430
0
.2
14,522
(1)
SunOpta,
Inc.
48,939
0.0
2,074
(1)
Thorne
HealthTech,
Inc.
21,134
0.0
7,983
(1)
TreeHouse
Foods,
Inc.
347,899
0
.1
2,991
Turning
Point
Brands,
Inc.
69,062
0.0
9,175
(1)
United
Natural
Foods,
Inc.
129,735
0.0
3,909
Universal
Corp.
184,544
0
.1
1,904
(1)
USANA
Health
Sciences,
Inc.
111,593
0.0
11,487
Utz
Brands,
Inc.
154,270
0
.1
22,948
Vector
Group
Ltd.
244,167
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
5
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
4,414
(1)
Vita
Coco
Co.,
Inc.
$
114,941
0.0
5,131
(1)
Vital
Farms,
Inc.
59,417
0.0
5,844
(1)
Waldencast
PLC
—
Class
A
55,051
0.0
2,083
WD-40
Co.
423,349
0
.1
2,671
Weis
Markets,
Inc.
168,273
0
.1
4,638
(1)
Westrock
Coffee
Co.
41,093
0.0
12,491,135
3
.5
Energy
:
8
.3
%
5,908
(1)
Amplify
Energy
Corp.
43,424
0.0
21,849
Archrock,
Inc.
275,297
0
.1
6,619
Ardmore
Shipping
Corp.
86,113
0.0
2,806
Atlas
Energy
Solutions,
Inc.
—
Class
A
62,377
0.0
12,627
Berry
Corp.
103,541
0.0
34,576
(1)
Borr
Drilling
Ltd.
245,490
0
.1
3,846
(1)
Bristow
Group,
Inc.
108,342
0.0
9,941
Cactus,
Inc.
—
Class
A
499,138
0
.1
11,106
California
Resources
Corp.
622,047
0
.2
9,447
(1)
Callon
Petroleum
Co.
369,567
0
.1
1,952
(1)
Centrus
Energy
Corp.
—
Class
A
110,795
0.0
30,650
ChampionX
Corp.
1,091,753
0
.3
6,406
Chord
Energy
Corp.
1,038,220
0
.3
10,666
Civitas
Resources,
Inc.
862,559
0
.2
26,441
(1)
Clean
Energy
Fuels
Corp.
101,269
0.0
24,672
(1)
CNX
Resources
Corp.
557,094
0
.2
14,523
Comstock
Resources,
Inc.
160,189
0
.1
5,181
CONSOL
Energy,
Inc.
543,539
0
.2
7,382
Core
Laboratories,
Inc.
177,242
0
.1
6,232
Crescent
Energy
Co.
—
Class
A
78,772
0.0
4,669
CVR
Energy,
Inc.
158,886
0
.1
10,243
Delek
US
Holdings,
Inc.
291,004
0
.1
7,793
(1)
Denbury,
Inc.
763,792
0
.2
21,617
DHT
Holdings,
Inc.
222,655
0
.1
15,906
(1)
Diamond
Offshore
Drilling,
Inc.
233,500
0
.1
3,123
(1)
DMC
Global,
Inc.
76,420
0.0
5,147
Dorian
LPG
Ltd.
147,873
0.0
5,480
(1)
Dril-Quip,
Inc.
154,372
0
.1
8,973
(1)
Earthstone
Energy,
Inc.
—
Class
A
181,613
0
.1
23,741
(1)
Encore
Energy
Corp.
77,396
0.0
24,519
(1)
Energy
Fuels,
Inc./
Canada
201,546
0
.1
4,648
Enviva,
Inc.
34,721
0.0
67,407
Equitrans
Midstream
Corp.
631,604
0
.2
5,308
Evolution
Petroleum
Corp.
36,307
0.0
3,266
Excelerate
Energy,
Inc.
—
Class
A
55,653
0.0
13,743
(1)
Expro
Group
Holdings
NV
319,250
0
.1
4,743
FLEX
LNG
Ltd.
143,049
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Energy:
(continued)
1,685
(1)
Forum
Energy
Technologies,
Inc.
$
40,474
0.0
39,022
(1)(2)
Gevo,
Inc.
46,436
0.0
15,741
Golar
LNG
Ltd.
381,877
0
.1
4,278
Granite
Ridge
Resources,
Inc.
26,096
0.0
9,010
(1)
Green
Plains,
Inc.
271,201
0
.1
1,704
(1)
Gulfport
Energy
Corp.
202,197
0
.1
3,654
(1)
Hallador
Energy
Co.
52,691
0.0
22,748
(1)
Helix
Energy
Solutions
Group,
Inc.
254,095
0
.1
14,973
Helmerich
&
Payne,
Inc.
631,262
0
.2
2,013
(2)
HighPeak
Energy,
Inc.
33,979
0.0
6,398
International
Seaways,
Inc.
287,910
0
.1
2,986
Kinetik
Holdings,
Inc.
100,777
0.0
2,049
(1)
KLX
Energy
Services
Holdings,
Inc.
24,281
0.0
2,493
(1)
Kodiak
Gas
Services,
Inc.
44,575
0.0
70,597
(1)
Kosmos
Energy
Ltd.
577,483
0
.2
25,549
Liberty
Energy,
Inc.
473,167
0
.1
28,015
Magnolia
Oil
&
Gas
Corp.
—
Class
A
641,824
0
.2
3,909
(1)
Mammoth
Energy
Services,
Inc.
18,138
0.0
17,436
Matador
Resources
Co.
1,037,093
0
.3
22,778
Murphy
Oil
Corp.
1,032,982
0
.3
1,427
(1)
Nabors
Industries
Ltd.
175,721
0
.1
12,541
(1)
Newpark
Resources,
Inc.
86,658
0.0
4,896
(1)
NextDecade
Corp.
25,067
0.0
17,012
Noble
Corp.
PLC
861,658
0
.2
33,057
Nordic
American
Tankers
Ltd.
136,195
0.0
12,409
Northern
Oil
and
Gas,
Inc.
499,214
0
.1
15,615
(1)
Oceaneering
International,
Inc.
401,618
0
.1
10,562
(1)
Oil
States
International,
Inc.
88,404
0.0
11,654
(1)
Overseas
Shipholding
Group,
Inc.
—
Class
A
51,161
0.0
8,633
(1)
Par
Pacific
Holdings,
Inc.
310,270
0
.1
54,364
Patterson-UTI
Energy,
Inc.
752,398
0
.2
17,602
PBF
Energy,
Inc.
—
Class
A
942,235
0
.3
19,265
Peabody
Energy
Corp.
500,697
0
.1
42,499
Permian
Resources
Corp.
593,286
0
.2
4,180
(1)
ProFrac
Holding
Corp.
—
Class
A
45,478
0.0
15,454
(1)
ProPetro
Holding
Corp.
164,276
0
.1
2,516
(1)
REX
American
Resources
Corp.
102,452
0.0
1,448
Riley
Exploration
Permian,
Inc.
46,032
0.0
13,407
RPC,
Inc.
119,859
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
6
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Energy:
(continued)
5,450
SandRidge
Energy,
Inc.
$
85,347
0.0
7,688
Scorpio
Tankers,
Inc.
416,075
0
.1
4,108
(1)
SEACOR
Marine
Holdings,
Inc.
57,019
0.0
7,846
(1)
Seadrill
Ltd.
351,422
0
.1
13,116
Select
Water
Solutions,
Inc.
104,272
0.0
18,635
SFL
Corp.
Ltd.
207,780
0
.1
2,863
(1)
SilverBow
Resources,
Inc.
102,409
0.0
12,563
Sitio
Royalties
Corp.
—
Class
A
304,150
0
.1
18,441
SM
Energy
Co.
731,186
0
.2
5,361
Solaris
Oilfield
Infrastructure,
Inc.
—
Class
A
57,148
0.0
17,186
(1)
Talos
Energy,
Inc.
282,538
0
.1
11,034
(1)
Teekay
Corp.
68,080
0.0
3,804
Teekay
Tankers
Ltd.
—
Class
A
158,361
0
.1
85,283
(1)(2)
Tellurian,
Inc.
98,928
0.0
19,618
(1)
TETRA
Technologies,
Inc.
125,163
0.0
7,361
(1)
Tidewater,
Inc.
523,146
0
.2
56,999
(1)(2)
Uranium
Energy
Corp.
293,545
0
.1
12,037
(1)
US
Silica
Holdings,
Inc.
168,999
0
.1
17,652
VAALCO
Energy,
Inc.
77,492
0.0
9,450
(1)
Valaris
Ltd.
708,561
0
.2
10,126
(1)
Vertex
Energy,
Inc.
45,061
0.0
2,626
(1)
Vital
Energy,
Inc.
145,533
0.0
4,109
Vitesse
Energy,
Inc.
94,055
0.0
16,049
(1)
W&T
Offshore,
Inc.
70,295
0.0
11,007
(1)
Weatherford
International
PLC
994,262
0
.3
9,661
World
Fuel
Services
Corp.
216,696
0
.1
29,435,149
8
.3
Financials
:
15
.6
%
2,952
1st
Source
Corp.
124,250
0.0
1,539
ACNB
Corp.
48,648
0.0
2,815
AFC
Gamma,
Inc.
33,048
0.0
3,397
Alerus
Financial
Corp.
61,757
0.0
3,229
(1)
AlTi
Global,
Inc.
22,474
0.0
3,122
Amalgamated
Financial
Corp.
53,761
0.0
2,947
A-Mark
Precious
Metals,
Inc.
86,436
0.0
7,752
(1)
Ambac
Financial
Group,
Inc.
93,489
0.0
4,745
Amerant
Bancorp,
Inc.
82,753
0.0
3,034
(1)
American
Coastal
Insurance
Corp.
22,330
0.0
11,941
(1)
American
Equity
Investment
Life
Holding
Co.
640,515
0
.2
1,908
American
National
Bankshares,
Inc.
72,390
0.0
10,156
Ameris
Bancorp
389,889
0
.1
3,178
AMERISAFE,
Inc.
159,122
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
22,469
Apollo
Commercial
Real
Estate
Finance,
Inc.
$
227,611
0
.1
27,668
Arbor
Realty
Trust,
Inc.
420,000
0
.1
8,487
(2)
Ares
Commercial
Real
Estate
Corp.
80,796
0.0
5,213
Argo
Group
International
Holdings
Ltd.
155,556
0
.1
33,086
ARMOUR
Residential
REIT,
Inc.
140,616
0.0
2,813
Arrow
Financial
Corp.
47,877
0.0
9,248
Artisan
Partners
Asset
Management,
Inc.
—
Class
A
346,060
0
.1
3,752
(1)
AssetMark
Financial
Holdings,
Inc.
94,100
0.0
23,123
Associated
Banc-Corp.
395,635
0
.1
11,621
Atlantic
Union
Bankshares
Corp.
334,452
0
.1
5,922
(1)
Avantax,
Inc.
151,485
0
.1
23,106
(1)
AvidXchange
Holdings,
Inc.
219,045
0
.1
8,758
(1)
Axos
Financial,
Inc.
331,578
0
.1
2,850
B
Riley
Financial,
Inc.
116,822
0.0
8,993
Banc
of
California,
Inc.
111,333
0.0
3,465
BancFirst
Corp.
300,519
0
.1
4,834
Banco
Latinoamericano
de
Comercio
Exterior
SA
—
Class
E
102,481
0.0
8,267
(1)
Bancorp,
Inc.
285,212
0
.1
1,606
Bank
First
Corp.
123,903
0.0
6,013
Bank
of
Hawaii
Corp.
298,786
0
.1
2,807
Bank
of
Marin
Bancorp
51,312
0.0
7,883
Bank
of
NT
Butterfield
&
Son
Ltd.
213,472
0
.1
11,564
BankUnited,
Inc.
262,503
0
.1
5,350
Banner
Corp.
226,733
0
.1
2,636
Bar
Harbor
Bankshares
62,289
0.0
7,284
Berkshire
Hills
Bancorp,
Inc.
146,044
0.0
49,078
BGC
Group,
Inc.
—
Class
A
259,132
0
.1
25,792
(2)
Blackstone
Mortgage
Trust,
Inc.
—
Class
A
560,976
0
.2
4,744
(1)
Blue
Foundry
Bancorp
39,707
0.0
7,687
Bread
Financial
Holdings,
Inc.
262,895
0
.1
4,003
(1)
Bridgewater
Bancshares,
Inc.
37,948
0.0
5,448
Brightsphere
Investment
Group,
Inc.
105,637
0.0
20,176
BrightSpire
Capital,
Inc.
126,302
0.0
14,446
Brookline
Bancorp,
Inc.
131,603
0.0
9,411
(1)
BRP
Group,
Inc.
—
Class
A
218,618
0
.1
1,043
Burke
&
Herbert
Financial
Services
Corp.
48,463
0.0
4,465
Business
First
Bancshares,
Inc.
83,763
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
7
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
4,728
Byline
Bancorp,
Inc.
$
93,189
0.0
27,859
Cadence
Bank
591,168
0
.2
1,287
Cambridge
Bancorp
80,167
0.0
2,845
Camden
National
Corp.
80,286
0.0
11,118
(1)
Cannae
Holdings,
Inc.
207,240
0
.1
10,038
(1)
Cantaloupe,
Inc.
62,738
0.0
2,755
Capital
City
Bank
Group,
Inc.
82,182
0.0
21,634
Capitol
Federal
Financial,
Inc.
103,194
0.0
3,849
Capstar
Financial
Holdings,
Inc.
54,617
0.0
4,526
(1)
Carter
Bankshares,
Inc.
56,711
0.0
2,365
Cass
Information
Systems,
Inc.
88,096
0.0
10,757
Cathay
General
Bancorp
373,913
0
.1
4,851
Central
Pacific
Financial
Corp.
80,915
0.0
2,916
Chicago
Atlantic
Real
Estate
Finance,
Inc.
42,924
0.0
35,677
Chimera
Investment
Corp.
194,796
0
.1
2,833
Citizens
&
Northern
Corp.
49,719
0.0
725
Citizens
Financial
Services,
Inc.
34,742
0.0
2,441
City
Holding
Co.
220,544
0
.1
2,979
Civista
Bancshares,
Inc.
46,175
0.0
14,660
Claros
Mortgage
Trust,
Inc.
162,433
0
.1
3,955
CNB
Financial
Corp.
71,625
0.0
17,657
CNO
Financial
Group,
Inc.
419,001
0
.1
1,911
(1)
Coastal
Financial
Corp.
82,001
0.0
4,030
Cohen
&
Steers,
Inc.
252,641
0
.1
5,293
(1)
Columbia
Financial,
Inc.
83,153
0.0
8,203
Community
Bank
System,
Inc.
346,249
0
.1
2,910
Community
Trust
Bancorp,
Inc.
99,697
0.0
10,085
Compass
Diversified
Holdings
189,295
0
.1
6,433
ConnectOne
Bancorp,
Inc.
114,700
0.0
8,468
(1)
CrossFirst
Bankshares,
Inc.
85,442
0.0
4,433
(1)
Customers
Bancorp,
Inc.
152,717
0
.1
20,483
CVB
Financial
Corp.
339,403
0
.1
498
Diamond
Hill
Investment
Group,
Inc.
83,948
0.0
5,814
Dime
Community
Bancshares,
Inc.
116,047
0.0
3,885
(1)
Donnelley
Financial
Solutions,
Inc.
218,648
0
.1
8,447
Dynex
Capital,
Inc.
100,857
0.0
4,950
Eagle
Bancorp,
Inc.
106,178
0.0
24,058
Eastern
Bankshares,
Inc.
301,687
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
4,187
(1)
eHealth,
Inc.
$
30,984
0.0
10,307
(2)
Ellington
Financial,
Inc.
128,528
0.0
4,519
Employers
Holdings,
Inc.
180,534
0
.1
5,093
Enact
Holdings,
Inc.
138,682
0.0
3,724
(1)
Encore
Capital
Group,
Inc.
177,858
0
.1
4,783
(1)
Enova
International,
Inc.
243,311
0
.1
1,850
(1)
Enstar
Group
Ltd.
447,700
0
.1
1,962
Enterprise
Bancorp,
Inc.
53,720
0.0
5,861
Enterprise
Financial
Services
Corp.
219,788
0
.1
2,777
Equity
Bancshares,
Inc.
—
Class
A
66,842
0.0
1,225
Esquire
Financial
Holdings,
Inc.
55,970
0.0
16,193
Essent
Group
Ltd.
765,767
0
.2
3,032
F&G
Annuities
&
Life,
Inc.
85,078
0.0
2,391
Farmers
&
Merchants
Bancorp,
Inc./Archbold
OH
41,914
0.0
6,968
Farmers
National
Banc
Corp.
80,550
0.0
5,780
FB
Financial
Corp.
163,921
0
.1
1,485
Federal
Agricultural
Mortgage
Corp.
—
Class
C
229,136
0
.1
915
Fidelity
D&D
Bancorp,
Inc.
41,541
0.0
2,867
Financial
Institutions,
Inc.
48,252
0.0
2,285
First
Bancorp,
Inc.
53,698
0.0
27,554
First
BanCorp/Puerto
Rico
370,877
0
.1
6,408
First
Bancorp/Southern
Pines
NC
180,321
0
.1
5,217
First
Bancshares,
Inc.
140,702
0.0
3,500
First
Bank/Hamilton
NJ
37,730
0.0
8,817
First
Busey
Corp.
169,463
0
.1
16,398
First
Commonwealth
Financial
Corp.
200,220
0
.1
3,478
First
Community
Bankshares,
Inc.
102,427
0.0
14,914
First
Financial
Bancorp
292,314
0
.1
20,068
First
Financial
Bankshares,
Inc.
504,108
0
.2
2,537
First
Financial
Corp.
85,776
0.0
8,310
First
Foundation,
Inc.
50,525
0.0
13,024
First
Interstate
BancSystem,
Inc.
—
Class
A
324,819
0
.1
9,399
First
Merchants
Corp.
261,480
0
.1
3,670
First
Mid
Bancshares,
Inc.
97,475
0.0
4,217
First
of
Long
Island
Corp.
48,538
0.0
5,838
FirstCash
Holdings,
Inc.
586,018
0
.2
2,314
Five
Star
Bancorp
46,419
0.0
5,095
Flushing
Financial
Corp.
66,897
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
8
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
14,701
(1)
Flywire
Corp.
$
468,815
0
.1
16,912
(1)
Forge
Global
Holdings,
Inc.
34,331
0.0
13,543
Franklin
BSP
Realty
Trust,
Inc.
179,309
0
.1
24,888
Fulton
Financial
Corp.
301,394
0
.1
7,113
GCM
Grosvenor,
Inc.
—
Class
A
55,197
0.0
74,313
(1)
Genworth
Financial,
Inc.
—
Class
A
435,474
0
.1
5,082
German
American
Bancorp,
Inc.
137,671
0.0
17,099
Glacier
Bancorp,
Inc.
487,322
0
.1
3,341
(1)
Goosehead
Insurance,
Inc.
—
Class
A
249,005
0
.1
9,966
Granite
Point
Mortgage
Trust,
Inc.
48,634
0.0
1,864
Great
Southern
Bancorp,
Inc.
89,323
0.0
7,623
(1)
Green
Dot
Corp.
—
Class
A
106,188
0.0
1,267
Greene
County
Bancorp,
Inc.
30,471
0.0
3,976
(1)
Greenlight
Capital
Re
Ltd.
—
Class
A
42,702
0.0
5,545
Hamilton
Lane,
Inc.
—
Class
A
501,490
0
.1
13,258
Hancock
Whitney
Corp.
490,413
0
.1
5,768
Hanmi
Financial
Corp.
93,615
0.0
15,908
(2)
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
337,250
0
.1
7,970
HarborOne
Bancorp,
Inc.
75,874
0.0
1,030
HCI
Group,
Inc.
55,919
0.0
6,796
Heartland
Financial
USA,
Inc.
200,006
0
.1
10,307
Heritage
Commerce
Corp.
87,300
0.0
6,246
Heritage
Financial
Corp.
101,872
0.0
7,374
Hilltop
Holdings,
Inc.
209,127
0
.1
254
(2)
Hingham
Institution
For
Savings
The
47,435
0.0
1,838
(1)
Hippo
Holdings,
Inc.
14,649
0.0
1,689
Home
Bancorp,
Inc.
53,828
0.0
29,239
Home
BancShares,
Inc.
612,265
0
.2
2,731
HomeStreet,
Inc.
21,274
0.0
2,997
HomeTrust
Bancshares,
Inc.
64,945
0.0
18,468
Hope
Bancorp,
Inc.
163,442
0
.1
6,595
Horace
Mann
Educators
Corp.
193,761
0
.1
7,623
Horizon
Bancorp,
Inc.
81,414
0.0
6,944
Independent
Bank
Corp.
340,881
0
.1
3,850
Independent
Bank
Corp.
70,609
0.0
5,621
Independent
Bank
Group,
Inc.
222,311
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
8,426
International
Bancshares
Corp.
$
365,183
0
.1
5,425
(1)
International
Money
Express,
Inc.
91,845
0.0
6,780
(2)
Invesco
Mortgage
Capital,
Inc.
67,868
0.0
12,609
Jackson
Financial,
Inc.
—
Class
A
481,916
0
.1
6,313
James
River
Group
Holdings
Ltd.
96,905
0.0
2,198
John
Marshall
Bancorp,
Inc.
39,234
0.0
10,487
Kearny
Financial
Corp.
72,675
0.0
9,313
KKR
Real
Estate
Finance
Trust,
Inc.
110,545
0.0
18,514
Ladder
Capital
Corp.
189,954
0
.1
10,784
Lakeland
Bancorp,
Inc.
136,094
0.0
3,961
Lakeland
Financial
Corp.
187,989
0
.1
7,929
(1)(2)
Lemonade,
Inc.
92,135
0.0
16,896
(1)
LendingClub
Corp.
103,066
0.0
1,636
(1)
LendingTree,
Inc.
25,358
0.0
5,307
Live
Oak
Bancshares,
Inc.
153,638
0
.1
16,239
(1)
Maiden
Holdings
Ltd.
28,581
0.0
75,290
(1)
Marqeta,
Inc.
—
Class
A
450,234
0
.1
8,089
(1)
MBIA,
Inc.
58,322
0.0
3,159
Mercantile
Bank
Corp.
97,645
0.0
2,856
Merchants
Bancorp
79,168
0.0
4,343
Mercury
General
Corp.
121,734
0.0
3,603
Metrocity
Bankshares,
Inc.
70,907
0.0
1,639
(1)
Metropolitan
Bank
Holding
Corp.
59,463
0.0
15,774
MFA
Financial,
Inc.
151,588
0
.1
2,732
Mid
Penn
Bancorp,
Inc.
54,995
0.0
1,564
Middlefield
Banc
Corp.
39,741
0.0
4,170
Midland
States
Bancorp,
Inc.
85,652
0.0
2,634
MidWestOne
Financial
Group,
Inc.
53,549
0.0
10,138
Moelis
&
Co.
—
Class
A
457,528
0
.1
10,124
(1)
Mr
Cooper
Group,
Inc.
542,241
0
.2
2,059
MVB
Financial
Corp.
46,492
0.0
5,917
National
Bank
Holdings
Corp.
—
Class
A
176,090
0
.1
366
National
Western
Life
Group,
Inc.
—
Class
A
160,121
0
.1
14,326
Navient
Corp.
246,694
0
.1
7,213
NBT
Bancorp,
Inc.
228,580
0
.1
2,428
Nelnet,
Inc.
—
Class
A
216,869
0
.1
5,648
(1)
NerdWallet,
Inc.
—
Class
A
50,211
0.0
14,568
New
York
Mortgage
Trust,
Inc.
123,682
0.0
3,878
NewtekOne,
Inc.
57,201
0.0
2,130
Nicolet
Bankshares,
Inc.
148,631
0
.1
12,887
(1)
NMI
Holdings,
Inc.
—
Class
A
349,109
0
.1
1,283
Northeast
Bank
56,580
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
9
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
8,279
Northfield
Bancorp,
Inc.
$
78,237
0.0
20,316
Northwest
Bancshares,
Inc.
207,833
0
.1
1,442
Norwood
Financial
Corp.
37,146
0.0
9,671
OceanFirst
Financial
Corp.
139,939
0.0
1,123
(1)
Ocwen
Financial
Corp.
29,063
0.0
7,644
OFG
Bancorp
228,250
0
.1
44,988
Old
National
Bancorp
654,126
0
.2
7,718
Old
Second
Bancorp,
Inc.
105,042
0.0
15,325
(1)
Open
Lending
Corp.
112,179
0.0
979
Orange
County
Bancorp,
Inc.
42,263
0.0
6,875
Orchid
Island
Capital,
Inc.
58,506
0.0
4,974
Origin
Bancorp,
Inc.
143,599
0.0
24,148
(1)
Oscar
Health,
Inc.
—
Class
A
134,504
0.0
7,283
P10,
Inc.
—
Class
A
84,847
0.0
14,551
Pacific
Premier
Bancorp,
Inc.
316,630
0
.1
18,351
PacWest
Bancorp
145,156
0.0
30,694
(1)
Pagseguro
Digital
Ltd.
—
Class
A
264,275
0
.1
3,853
(1)
Palomar
Holdings,
Inc.
195,540
0
.1
2,294
Park
National
Corp.
216,829
0
.1
4,275
Pathward
Financial,
Inc.
197,035
0
.1
8,650
Patria
Investments
Ltd.
—
Class
A
126,117
0.0
41,047
(1)
Payoneer
Global,
Inc.
251,208
0
.1
5,278
(1)
Paysafe
Ltd.
63,283
0.0
3,428
Peapack-Gladstone
Financial
Corp.
87,928
0.0
3,976
PennyMac
Financial
Services,
Inc.
264,802
0
.1
14,289
PennyMac
Mortgage
Investment
Trust
177,184
0
.1
5,792
Peoples
Bancorp,
Inc.
147,001
0.0
1,305
Peoples
Financial
Services
Corp.
52,331
0.0
7,000
Perella
Weinberg
Partners
71,260
0.0
2,666
Piper
Sandler
Cos.
387,396
0
.1
3,676
PJT
Partners,
Inc.
—
Class
A
292,021
0
.1
1,075
Plumas
Bancorp
36,701
0.0
6,287
(1)
PRA
Group,
Inc.
120,773
0.0
2,273
Preferred
Bank/Los
Angeles
CA
141,494
0.0
6,254
Premier
Financial
Corp.
106,693
0.0
8,735
ProAssurance
Corp.
165,004
0
.1
7,268
(1)
PROG
Holdings,
Inc.
241,370
0
.1
12,045
Provident
Financial
Services,
Inc.
184,168
0
.1
2,785
QCR
Holdings,
Inc.
135,128
0.0
24,095
Radian
Group,
Inc.
605,025
0
.2
24,506
Ready
Capital
Corp.
247,756
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
901
Red
River
Bancshares,
Inc.
$
41,410
0.0
18,457
Redwood
Trust,
Inc.
131,598
0.0
1,414
Regional
Management
Corp.
39,140
0.0
20,152
(1)
Remitly
Global,
Inc.
508,233
0
.2
8,797
Renasant
Corp.
230,393
0
.1
1,597
Republic
Bancorp,
Inc.
—
Class
A
70,348
0.0
6,467
S&T
Bancorp,
Inc.
175,126
0
.1
2,355
Safety
Insurance
Group,
Inc.
160,587
0
.1
7,181
Sandy
Spring
Bancorp,
Inc.
153,889
0
.1
3,349
Sculptor
Capital
Management,
Inc.
38,848
0.0
13,017
Seacoast
Banking
Corp.
of
Florida
285,853
0
.1
9,275
Selective
Insurance
Group,
Inc.
956,902
0
.3
21,291
(1)
Selectquote,
Inc.
24,910
0.0
7,873
ServisFirst
Bancshares,
Inc.
410,734
0
.1
19,647
Simmons
First
National
Corp.
—
Class
A
333,213
0
.1
14,849
(1)
SiriusPoint
Ltd.
151,014
0
.1
3,716
(1)
Skyward
Specialty
Insurance
Group,
Inc.
101,670
0.0
3,210
SmartFinancial,
Inc.
68,598
0.0
1,512
(1)
Southern
First
Bancshares,
Inc.
40,733
0.0
1,544
Southern
Missouri
Bancorp,
Inc.
59,737
0.0
5,042
Southside
Bancshares,
Inc.
144,705
0.0
11,628
SouthState
Corp.
783,262
0
.2
7,974
Stellar
Bancorp,
Inc.
170,006
0
.1
8,407
StepStone
Group,
Inc.
—
Class
A
265,493
0
.1
4,279
Stewart
Information
Services
Corp.
187,420
0
.1
4,489
Stock
Yards
Bancorp,
Inc.
176,373
0
.1
44,939
(1)
StoneCo
Ltd.
—
Class
A
479,499
0
.1
2,802
(1)
StoneX
Group,
Inc.
271,570
0
.1
7,359
(1)
Texas
Capital
Bancshares,
Inc.
433,445
0
.1
2,441
(1)
Third
Coast
Bancshares,
Inc.
41,741
0.0
4,376
Tiptree,
Inc.
73,342
0.0
2,482
Tompkins
Financial
Corp.
121,593
0.0
11,296
Towne
Bank/Portsmouth
VA
259,017
0
.1
11,598
TPG
RE
Finance
Trust,
Inc.
78,055
0.0
5,145
TriCo
Bancshares
164,794
0
.1
3,502
(1)
Triumph
Financial,
Inc.
226,895
0
.1
6,143
(1)
Trupanion,
Inc.
173,233
0
.1
3,680
TrustCo
Bank
Corp.
NY
100,427
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
10
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
9,787
Trustmark
Corp.
$
212,672
0
.1
14,911
Two
Harbors
Investment
Corp.
197,422
0
.1
6,794
UMB
Financial
Corp.
421,568
0
.1
19,978
United
Bankshares,
Inc.
551,193
0
.2
17,739
United
Community
Banks,
Inc.
450,748
0
.1
3,672
United
Fire
Group,
Inc.
72,522
0.0
4,094
Universal
Insurance
Holdings,
Inc.
57,398
0.0
5,449
Univest
Financial
Corp.
94,704
0.0
11,100
(1)(2)
Upstart
Holdings,
Inc.
316,794
0
.1
65,758
Valley
National
Bancorp
562,888
0
.2
8,348
Veritex
Holdings,
Inc.
149,847
0
.1
4,187
Victory
Capital
Holdings,
Inc.
—
Class
A
139,595
0.0
1,066
Virtus
Investment
Partners,
Inc.
215,321
0
.1
4,851
Walker
&
Dunlop,
Inc.
360,138
0
.1
10,193
Washington
Federal,
Inc.
261,145
0
.1
3,143
Washington
Trust
Bancorp,
Inc.
82,755
0.0
3,513
Waterstone
Financial,
Inc.
38,467
0.0
9,152
WesBanco,
Inc.
223,492
0
.1
3,095
West
BanCorp,
Inc.
50,479
0.0
4,217
Westamerica
BanCorp
182,385
0
.1
21,868
WisdomTree,
Inc.
153,076
0
.1
639
(1)
World
Acceptance
Corp.
81,191
0.0
9,538
WSFS
Financial
Corp.
348,137
0
.1
55,485,961
15
.6
Health
Care
:
14
.5
%
44,584
(1)
23andMe
Holding
Co.
—
Class
A
43,590
0.0
7,609
(1)
2seventy
bio,
Inc.
29,827
0.0
6,242
(1)
4D
Molecular
Therapeutics,
Inc.
79,461
0.0
9,678
(1)
89bio,
Inc.
149,428
0
.1
18,661
(1)
ACADIA
Pharmaceuticals,
Inc.
388,895
0
.1
10,518
(1)
Accolade,
Inc.
111,280
0.0
16,273
(1)
Accuray,
Inc.
44,263
0.0
5,364
(1)
ACELYRIN,
Inc.
54,552
0.0
11,286
(1)
Aclaris
Therapeutics,
Inc.
77,309
0.0
1,330
(1)
Acrivon
Therapeutics,
Inc.
12,715
0.0
4,159
(1)
Actinium
Pharmaceuticals,
Inc.
24,621
0.0
14,917
(1)
AdaptHealth
Corp.
135,745
0
.1
17,950
(1)
Adaptive
Biotechnologies
Corp.
97,828
0.0
2,477
(1)
Addus
HomeCare
Corp.
211,016
0
.1
33,372
(1)
ADMA
Biologics,
Inc.
119,472
0.0
1,607
(1)
Aerovate
Therapeutics,
Inc.
21,807
0.0
55,749
(1)
Agenus,
Inc.
62,996
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
4,573
(1)
Agiliti,
Inc.
$
29,679
0.0
8,614
(1)
Agios
Pharmaceuticals,
Inc.
213,197
0
.1
7,890
(1)
Akero
Therapeutics,
Inc.
399,076
0
.1
7,817
(1)
Aldeyra
Therapeutics,
Inc.
52,218
0.0
10,179
(1)
Alector,
Inc.
65,960
0.0
13,279
(1)
Alignment
Healthcare,
Inc.
92,156
0.0
25,528
(1)
Alkermes
PLC
715,039
0
.2
10,304
(1)
Allakos,
Inc.
23,390
0.0
13,417
(1)
Allogene
Therapeutics,
Inc.
42,532
0.0
8,102
(1)
Allovir,
Inc.
17,419
0.0
16,936
(1)
Allscripts
Healthcare
Solutions,
Inc.
222,539
0
.1
12,355
(1)
Alphatec
Holdings,
Inc.
160,244
0
.1
5,352
(1)
Alpine
Immune
Sciences,
Inc.
61,280
0.0
7,461
(1)
Altimmune,
Inc.
19,399
0.0
3,618
(1)
ALX
Oncology
Holdings,
Inc.
17,366
0.0
40,946
(1)
American
Well
Corp.
—
Class
A
47,907
0.0
43,161
(1)
Amicus
Therapeutics,
Inc.
524,838
0
.2
6,139
(1)
AMN
Healthcare
Services,
Inc.
522,920
0
.2
19,553
(1)
Amneal
Pharmaceuticals,
Inc.
82,514
0.0
5,914
(1)
Amphastar
Pharmaceuticals,
Inc.
271,985
0
.1
7,933
(1)
Amylyx
Pharmaceuticals,
Inc.
145,253
0
.1
3,020
(1)
AnaptysBio,
Inc.
54,239
0.0
10,901
(1)
Anavex
Life
Sciences
Corp.
71,402
0.0
6,489
(1)
AngioDynamics,
Inc.
47,435
0.0
2,245
(1)
ANI
Pharmaceuticals,
Inc.
130,345
0
.1
2,300
(1)
Anika
Therapeutics,
Inc.
42,849
0.0
7,120
(1)
Annexon,
Inc.
16,803
0.0
3,085
(1)(2)
Apogee
Therapeutics,
Inc.
65,711
0.0
6,708
(1)
Apollo
Medical
Holdings,
Inc.
206,942
0
.1
22,833
(1)
Arbutus
Biopharma
Corp.
46,351
0.0
5,906
(1)
Arcellx,
Inc.
211,907
0
.1
3,599
(1)
Arcturus
Therapeutics
Holdings,
Inc.
91,954
0.0
8,200
(1)
Arcus
Biosciences,
Inc.
147,190
0
.1
8,491
(1)
Arcutis
Biotherapeutics,
Inc.
45,087
0.0
33,453
(1)
Ardelyx,
Inc.
136,488
0
.1
15,624
(1)
Arrowhead
Pharmaceuticals,
Inc.
419,817
0
.1
3,698
(1)
ARS
Pharmaceuticals,
Inc.
13,978
0.0
6,528
(1)
Artivion,
Inc.
98,964
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
11
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
7,658
(1)
Arvinas,
Inc.
$
150,403
0
.1
13,418
(1)
Assertio
Holdings,
Inc.
34,350
0.0
3,970
(1)
Astria
Therapeutics,
Inc.
29,616
0.0
16,393
(1)
Atara
Biotherapeutics,
Inc.
24,262
0.0
13,635
(1)
Atea
Pharmaceuticals,
Inc.
40,905
0.0
7,202
(1)
AtriCure,
Inc.
315,448
0
.1
228
Atrion
Corp.
94,203
0.0
4,774
(1)
Aura
Biosciences,
Inc.
42,823
0.0
21,155
(1)
Aurinia
Pharmaceuticals,
Inc.
164,374
0
.1
7,460
(1)
Avanos
Medical,
Inc.
150,841
0
.1
9,854
(1)
Avid
Bioservices,
Inc.
93,022
0.0
11,394
(1)
Avidity
Biosciences,
Inc.
72,694
0.0
4,143
(1)
Avita
Medical,
Inc.
60,529
0.0
6,346
(1)
Axogen,
Inc.
31,730
0.0
7,554
(1)
Axonics,
Inc.
423,930
0
.1
5,437
(1)
Axsome
Therapeutics,
Inc.
379,992
0
.1
10,584
(1)(2)
Beam
Therapeutics,
Inc.
254,545
0
.1
6,787
(1)
BioAtla,
Inc.
11,538
0.0
29,427
(1)
BioCryst
Pharmaceuticals,
Inc.
208,343
0
.1
9,112
(1)
Biohaven
Ltd.
237,003
0
.1
5,549
(1)
BioLife
Solutions,
Inc.
76,632
0.0
3,299
(1)(2)
Biomea
Fusion,
Inc.
45,394
0.0
16,441
(1)
Bluebird
Bio,
Inc.
49,981
0.0
9,358
(1)
Blueprint
Medicines
Corp.
469,959
0
.1
17,685
(1)
Bridgebio
Pharma,
Inc.
466,353
0
.1
29,202
(1)
Brookdale
Senior
Living,
Inc.
120,896
0.0
21,791
(1)
Butterfly
Network,
Inc.
25,713
0.0
5,459
(1)
Cabaletta
Bio,
Inc.
83,086
0.0
7,450
(1)
Cara
Therapeutics,
Inc.
12,516
0.0
7,995
(1)
CareDx,
Inc.
55,965
0.0
11,611
(1)
CareMax,
Inc.
24,615
0.0
11,399
(1)
Caribou
Biosciences,
Inc.
54,487
0.0
4,108
Carisma
Therapeutics,
Inc.
17,377
0.0
6,260
(1)(2)
Cassava
Sciences,
Inc.
104,166
0.0
3,897
(1)
Castle
Biosciences,
Inc.
65,820
0.0
15,481
(1)
Catalyst
Pharmaceuticals,
Inc.
180,973
0
.1
2,823
(1)
Celcuity,
Inc.
25,802
0.0
7,215
(1)
Celldex
Therapeutics,
Inc.
198,557
0
.1
9,598
(1)(2)
Cerevel
Therapeutics
Holdings,
Inc.
209,524
0
.1
29,586
(1)
Cerus
Corp.
47,929
0.0
19,657
(1)
Citius
Pharmaceuticals,
Inc.
13,453
0.0
9,870
(1)
Codexis,
Inc.
18,654
0.0
12,600
(1)
Cogent
Biosciences,
Inc.
122,850
0.0
15,188
(1)
Coherus
Biosciences,
Inc.
56,803
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
5,613
(1)
Collegium
Pharmaceutical,
Inc.
$
125,451
0
.1
19,253
(1)
Community
Health
Systems,
Inc.
55,834
0.0
16,347
(1)
Compass
Therapeutics,
Inc.
32,204
0.0
2,256
(1)
Computer
Programs
and
Systems,
Inc.
35,961
0.0
4,687
CONMED
Corp.
472,684
0
.1
12,425
(1)
Corcept
Therapeutics,
Inc.
338,519
0
.1
8,269
(1)(2)
CorMedix,
Inc.
30,595
0.0
1,378
(1)
CorVel
Corp.
270,984
0
.1
9,971
(1)
Crinetics
Pharmaceuticals,
Inc.
296,538
0
.1
5,347
(1)
Cross
Country
Healthcare,
Inc.
132,552
0
.1
6,312
(1)
CryoPort,
Inc.
86,538
0.0
5,513
(1)
Cue
Biopharma,
Inc.
12,680
0.0
4,035
(1)
Cullinan
Oncology,
Inc.
36,517
0.0
2,892
(1)
Cutera,
Inc.
17,410
0.0
1,744
(1)
CVRx,
Inc.
26,456
0.0
15,360
(1)
Cymabay
Therapeutics,
Inc.
229,018
0
.1
19,029
(1)
Cytek
Biosciences,
Inc.
105,040
0.0
14,350
(1)
Cytokinetics,
Inc.
422,751
0
.1
9,802
(1)
Day
One
Biopharmaceuticals,
Inc.
120,271
0.0
8,335
(1)
Deciphera
Pharmaceuticals,
Inc.
106,021
0.0
7,207
(1)
Definitive
Healthcare
Corp.
57,584
0.0
18,162
(1)
Denali
Therapeutics,
Inc.
374,682
0
.1
5,631
(1)
Design
Therapeutics,
Inc.
13,289
0.0
1,421
(1)
Disc
Medicine,
Inc.
66,759
0.0
12,355
(1)
DocGo,
Inc.
65,852
0.0
19,965
(1)
Dynavax
Technologies
Corp.
294,883
0
.1
6,962
(1)
Dyne
Therapeutics,
Inc.
62,380
0.0
1,695
(1)
Eagle
Pharmaceuticals,
Inc.
26,730
0.0
7,390
(1)
Edgewise
Therapeutics,
Inc.
42,345
0.0
13,074
(1)
Editas
Medicine,
Inc.
101,977
0.0
9,068
Embecta
Corp.
136,473
0
.1
7,610
(1)
Emergent
BioSolutions,
Inc.
25,874
0.0
3,120
(1)
Enanta
Pharmaceuticals,
Inc.
34,850
0.0
8,123
(1)
Enhabit,
Inc.
91,384
0.0
3,878
(1)(2)
Enliven
Therapeutics,
Inc.
52,973
0.0
8,425
Ensign
Group,
Inc.
782,935
0
.2
3,288
(1)
Entrada
Therapeutics,
Inc.
51,950
0.0
50,485
(1)
EQRx,
Inc.
112,077
0.0
12,469
(1)
Erasca,
Inc.
24,564
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
12
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
16,893
(1)
Evolent
Health,
Inc.
—
Class
A
$
459,996
0
.1
6,904
(1)
Evolus,
Inc.
63,103
0.0
4,136
(1)(2)
EyePoint
Pharmaceuticals,
Inc.
33,047
0.0
12,849
(1)
Fate
Therapeutics,
Inc.
27,240
0.0
3,194
(1)
Fennec
Pharmaceuticals,
Inc.
23,987
0.0
13,733
(1)
FibroGen,
Inc.
11,850
0.0
3,619
(1)
Foghorn
Therapeutics,
Inc.
18,095
0.0
3,341
(1)
Fulgent
Genetics,
Inc.
89,338
0.0
2,956
(1)(2)
Genelux
Corp.
72,392
0.0
7,211
(1)
Generation
Bio
Co.
27,330
0.0
77,710
(1)
Geron
Corp.
164,745
0
.1
7,212
(1)
Glaukos
Corp.
542,703
0
.2
13,516
(1)
Gritstone
bio,
Inc.
23,248
0.0
17,390
(1)
Guardant
Health,
Inc.
515,440
0
.2
7,737
(1)
Haemonetics
Corp.
693,080
0
.2
20,043
(1)
Halozyme
Therapeutics,
Inc.
765,643
0
.2
5,152
(1)
Harmony
Biosciences
Holdings,
Inc.
168,831
0
.1
4,736
(1)
Harrow,
Inc.
68,056
0.0
7,215
(1)
Harvard
Bioscience,
Inc.
31,024
0.0
8,883
(1)
Health
Catalyst,
Inc.
89,896
0.0
13,000
(1)
HealthEquity,
Inc.
949,650
0
.3
4,287
HealthStream,
Inc.
92,513
0.0
15,919
(1)
Heron
Therapeutics,
Inc.
16,397
0.0
3,570
(1)
HilleVax,
Inc.
48,016
0.0
19,371
(1)
Hims
&
Hers
Health,
Inc.
121,844
0.0
10,562
(1)
Humacyte,
Inc.
30,947
0.0
4,708
(1)
Icosavax,
Inc.
36,487
0.0
8,473
(1)
Ideaya
Biosciences,
Inc.
228,602
0
.1
1,997
(1)
IGM
Biosciences,
Inc.
16,675
0.0
4,245
(1)
Ikena
Oncology,
Inc.
18,381
0.0
3,577
(1)
Immuneering
Corp.
—
Class
A
27,471
0.0
18,987
(1)(2)
ImmunityBio,
Inc.
32,088
0.0
37,048
(1)
ImmunoGen,
Inc.
587,952
0
.2
8,414
(1)
Immunovant,
Inc.
323,013
0
.1
8,233
(1)
Inari
Medical,
Inc.
538,438
0
.2
3,078
(1)
InfuSystem
Holdings,
Inc.
29,672
0.0
5,424
(1)
Inhibrx,
Inc.
99,530
0.0
11,893
(1)
Inmode
Ltd.
362,261
0
.1
3,302
(1)
Innovage
Holding
Corp.
19,779
0.0
9,584
(1)
Innoviva,
Inc.
124,496
0
.1
3,591
(1)
Inogen,
Inc.
18,745
0.0
5,207
(1)
Inozyme
Pharma,
Inc.
21,869
0.0
20,337
(1)
Insmed,
Inc.
513,509
0
.2
5,123
(1)
Integer
Holdings
Corp.
401,797
0
.1
13,516
(1)
Intellia
Therapeutics,
Inc.
427,376
0
.1
6,596
(1)
Intercept
Pharmaceuticals,
Inc.
122,290
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
14,452
(1)
Intra-Cellular
Therapies,
Inc.
$
752,805
0
.2
40,654
(1)
Invitae
Corp.
24,604
0.0
35,598
(1)
Iovance
Biotherapeutics,
Inc.
161,971
0
.1
1,206
iRadimed
Corp.
53,510
0.0
4,720
(1)
iRhythm
Technologies,
Inc.
444,907
0
.1
21,433
(1)
Ironwood
Pharmaceuticals,
Inc.
206,400
0
.1
4,130
(1)
iTeos
Therapeutics,
Inc.
45,224
0.0
2,628
(1)
Janux
Therapeutics,
Inc.
26,490
0.0
2,380
(1)
Joint
Corp.
21,396
0.0
4,065
(1)
KalVista
Pharmaceuticals,
Inc.
39,146
0.0
17,286
(1)
Karyopharm
Therapeutics,
Inc.
23,163
0.0
3,559
(1)
Keros
Therapeutics,
Inc.
113,461
0.0
5,068
(1)
Kiniksa
Pharmaceuticals
Ltd.
—
Class
A
88,031
0.0
3,335
(1)
Krystal
Biotech,
Inc.
386,860
0
.1
11,217
(1)
Kura
Oncology,
Inc.
102,299
0.0
5,983
(1)
Kymera
Therapeutics,
Inc.
83,164
0.0
10,501
(1)
Lantheus
Holdings,
Inc.
729,609
0
.2
4,324
(1)
Larimar
Therapeutics,
Inc.
17,080
0.0
3,170
LeMaitre
Vascular,
Inc.
172,702
0
.1
13,901
(1)
Lexicon
Pharmaceuticals,
Inc.
15,152
0.0
16,838
(1)(2)
LifeStance
Health
Group,
Inc.
115,677
0.0
2,631
(1)
Ligand
Pharmaceuticals,
Inc.
157,650
0
.1
21,329
(1)
Lineage
Cell
Therapeutics,
Inc.
25,168
0.0
8,098
(1)
Liquidia
Corp.
51,341
0.0
8,368
(1)
LivaNova
PLC
442,500
0
.1
2,467
(1)
Longboard
Pharmaceuticals,
Inc.
13,717
0.0
29,564
(1)
Lyell
Immunopharma,
Inc.
43,459
0.0
9,958
(1)
MacroGenics,
Inc.
46,404
0.0
2,104
(1)
Madrigal
Pharmaceuticals,
Inc.
307,268
0
.1
40,221
(1)
MannKind
Corp.
166,113
0
.1
8,219
(1)
Marinus
Pharmaceuticals,
Inc.
66,163
0.0
13,562
(1)
MaxCyte,
Inc.
42,313
0.0
5,223
(1)
MeiraGTx
Holdings
PLC
25,645
0.0
8,753
(1)
Merit
Medical
Systems,
Inc.
604,132
0
.2
15,147
(1)
Mersana
Therapeutics,
Inc.
19,237
0.0
849
Mesa
Laboratories,
Inc.
89,204
0.0
18,138
(1)
MiMedx
Group,
Inc.
132,226
0
.1
2,190
(1)
Mineralys
Therapeutics,
Inc.
20,827
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
13
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
3,954
(1)
Mirum
Pharmaceuticals,
Inc.
$
124,946
0
.1
1,978
(1)
ModivCare,
Inc.
62,327
0.0
4,824
(1)
Monte
Rosa
Therapeutics,
Inc.
23,107
0.0
5,363
(1)
Morphic
Holding,
Inc.
122,866
0.0
61,042
(1)
Multiplan
Corp.
102,551
0.0
12,520
(1)
Myriad
Genetics,
Inc.
200,821
0
.1
6,928
(1)
NanoString
Technologies,
Inc.
11,916
0.0
7,657
(1)(2)
Nano-X
Imaging
Ltd.
50,230
0.0
2,100
National
HealthCare
Corp.
134,358
0
.1
2,408
National
Research
Corp.
106,843
0.0
8,330
(1)
Nautilus
Biotechnology,
Inc.
26,323
0.0
33,617
(1)
Neogen
Corp.
623,259
0
.2
19,766
(1)
NeoGenomics,
Inc.
243,122
0
.1
5,584
(1)
Nevro
Corp.
107,324
0.0
8,642
(1)
NextGen
Healthcare,
Inc.
205,075
0
.1
13,591
(1)(2)
Novavax,
Inc.
98,399
0.0
7,844
(1)
Nurix
Therapeutics,
Inc.
61,654
0.0
3,748
(1)
Nuvalent,
Inc.
—
Class
A
172,296
0
.1
24,344
(1)
Nuvation
Bio,
Inc.
32,621
0.0
12,945
(1)
Ocular
Therapeutix,
Inc.
40,647
0.0
4,129
(1)
Olema
Pharmaceuticals,
Inc.
50,993
0.0
3,781
(1)
Omega
Therapeutics,
Inc.
8,129
0.0
9,276
(1)
Omeros
Corp.
27,086
0.0
15,077
(1)
OmniAb,
Inc.
78,250
0.0
6,911
(1)
Omnicell,
Inc.
311,271
0
.1
63,349
(1)
OPKO
Health,
Inc.
101,358
0.0
2,535
(1)
OptimizeRx
Corp.
19,722
0.0
13,637
(1)
Optinose,
Inc.
16,774
0.0
26,214
(1)
Option
Care
Health,
Inc.
848,023
0
.3
11,682
(1)
OraSure
Technologies,
Inc.
69,274
0.0
3,132
(1)
Orchestra
BioMed
Holdings,
Inc.
27,311
0.0
11,240
(1)
Organogenesis
Holdings,
Inc.
35,743
0.0
6,062
(1)
ORIC
Pharmaceuticals,
Inc.
36,675
0.0
5,754
(1)
Orthofix
Medical,
Inc.
73,996
0.0
2,588
(1)
OrthoPediatrics
Corp.
82,816
0.0
7,912
(1)
Outset
Medical,
Inc.
86,083
0.0
9,798
(1)
Ovid
therapeutics,
Inc.
37,624
0.0
11,556
(1)
Owens
&
Minor,
Inc.
186,745
0
.1
38,767
(1)(2)
Pacific
Biosciences
of
California,
Inc.
323,704
0
.1
7,054
(1)
Pacira
BioSciences,
Inc.
216,417
0
.1
6,967
(1)
Paragon
28,
Inc.
87,436
0.0
13,368
Patterson
Cos.,
Inc.
396,228
0
.1
4,277
(1)(2)
PDS
Biotechnology
Corp.
21,599
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
13,292
(1)
Pediatrix
Medical
Group,
Inc.
$
168,941
0
.1
4,913
(1)
Pennant
Group,
Inc.
54,682
0.0
4,387
(1)
PetIQ,
Inc.
86,424
0.0
5,114
(1)(2)
Phathom
Pharmaceuticals,
Inc.
53,032
0.0
3,492
Phibro
Animal
Health
Corp.
—
Class
A
44,593
0.0
7,956
(1)
Phreesia,
Inc.
148,618
0
.1
8,886
(1)
Pliant
Therapeutics,
Inc.
154,083
0
.1
6,453
(1)
PMV
Pharmaceuticals,
Inc.
39,621
0.0
14,451
(1)
Point
Biopharma
Global,
Inc.
96,388
0.0
10,618
(1)
Poseida
Therapeutics,
Inc.
25,271
0.0
22,566
(1)
Precigen,
Inc.
32,044
0.0
7,712
(1)
Prestige
Consumer
Healthcare,
Inc.
441,049
0
.1
6,422
(1)(2)
Prime
Medicine,
Inc.
61,266
0.0
17,064
(1)
Privia
Health
Group,
Inc.
392,472
0
.1
5,632
(1)
PROCEPT
BioRobotics
Corp.
184,786
0
.1
12,121
(1)
Progyny,
Inc.
412,356
0
.1
7,185
(1)
ProKidney
Corp.
32,907
0.0
8,900
(1)
Protagonist
Therapeutics,
Inc.
148,452
0
.1
11,051
(1)
Protalix
BioTherapeutics,
Inc.
18,345
0.0
6,397
(1)
Prothena
Corp.
PLC
308,655
0
.1
10,961
(1)
PTC
Therapeutics,
Inc.
245,636
0
.1
6,037
(1)
Pulmonx
Corp.
62,362
0.0
5,482
(1)
Quanterix
Corp.
148,781
0
.1
15,586
(1)
Quantum-Si,
Inc.
25,873
0.0
6,748
(1)
Quipt
Home
Medical
Corp.
34,347
0.0
9,168
(1)
RadNet,
Inc.
258,446
0
.1
4,748
(1)
Rallybio
Corp.
16,001
0.0
4,574
(1)
RAPT
Therapeutics,
Inc.
76,020
0.0
21,198
(1)
Recursion
Pharmaceuticals,
Inc.
—
Class
A
162,165
0
.1
6,455
(1)
REGENXBIO,
Inc.
106,249
0.0
14,137
(1)
Relay
Therapeutics,
Inc.
118,892
0.0
2,459
(1)
Reneo
Pharmaceuticals,
Inc.
18,725
0.0
6,573
(1)
Replimune
Group,
Inc.
112,464
0.0
13,014
(1)
Revance
Therapeutics,
Inc.
149,271
0
.1
15,614
(1)
REVOLUTION
Medicines,
Inc.
432,196
0
.1
8,005
(1)
Rhythm
Pharmaceuticals,
Inc.
183,515
0
.1
27,406
(1)
Rigel
Pharmaceuticals,
Inc.
29,598
0.0
8,738
(1)
Rocket
Pharmaceuticals,
Inc.
179,042
0
.1
4,313
(1)
RxSight,
Inc.
120,290
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
14
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
8,212
(1)
Sage
Therapeutics,
Inc.
$
169,003
0
.1
14,159
(1)
Sana
Biotechnology,
Inc.
54,795
0.0
659
(1)
Sanara
Medtech,
Inc.
20,515
0.0
21,114
(1)
Sangamo
Therapeutics,
Inc.
12,664
0.0
14,937
(1)(2)
Savara,
Inc.
56,462
0.0
6,795
(1)(2)
Scholar
Rock
Holding
Corp.
48,245
0.0
8,405
(1)
Schrodinger,
Inc./United
States
237,609
0
.1
4,481
(1)
scPharmaceuticals,
Inc.
31,905
0.0
9,039
(1)
Seer,
Inc.
19,976
0.0
16,050
Select
Medical
Holdings
Corp.
405,583
0
.1
18,730
(1)
Selecta
Biosciences,
Inc.
19,854
0.0
796
(1)
Semler
Scientific,
Inc.
20,195
0.0
16,516
(1)
Seres
Therapeutics,
Inc.
39,308
0.0
51,422
(1)
Sharecare,
Inc.
48,357
0.0
5,478
(1)
SI-BONE,
Inc.
116,353
0.0
7,410
(2)
SIGA
Technologies,
Inc.
38,902
0.0
6,079
(1)
Silk
Road
Medical,
Inc.
91,124
0.0
2,538
Simulations
Plus,
Inc.
105,835
0.0
24,014
(1)
SomaLogic,
Inc.
57,393
0.0
9,024
(1)
SpringWorks
Therapeutics,
Inc.
208,635
0
.1
7,466
(1)
STAAR
Surgical
Co.
299,984
0
.1
4,245
(1)
Stoke
Therapeutics,
Inc.
16,725
0.0
17,650
(1)
Summit
Therapeutics,
Inc.
33,006
0.0
7,639
(1)
Supernus
Pharmaceuticals,
Inc.
210,607
0
.1
10,404
(1)
Surgery
Partners,
Inc.
304,317
0
.1
2,224
(1)
Surmodics,
Inc.
71,368
0.0
9,386
(1)
Sutro
Biopharma,
Inc.
32,569
0.0
10,274
(1)
Syndax
Pharmaceuticals,
Inc.
149,178
0
.1
3,917
(1)
Tactile
Systems
Technology,
Inc.
55,034
0.0
6,877
(1)(2)
Tango
Therapeutics,
Inc.
77,435
0.0
1,439
(1)
Taro
Pharmaceutical
Industries
Ltd.
54,265
0.0
3,713
(1)
Tarsus
Pharmaceuticals,
Inc.
65,980
0.0
2,685
(1)
Tela
Bio,
Inc.
21,480
0.0
7,055
(1)
Tenaya
Therapeutics,
Inc.
17,990
0.0
7,298
(1)
Terns
Pharmaceuticals,
Inc.
36,709
0.0
21,251
(1)
TG
Therapeutics,
Inc.
177,658
0
.1
9,764
(1)
Theravance
Biopharma,
Inc.
84,263
0.0
4,904
(1)
TransMedics
Group,
Inc.
268,494
0
.1
11,547
(1)
Travere
Therapeutics,
Inc.
103,230
0.0
7,233
(1)
Treace
Medical
Concepts,
Inc.
94,825
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
6,609
(1)
Trevi
Therapeutics,
Inc.
$
14,408
0.0
8,772
(1)
Twist
Bioscience
Corp.
177,721
0
.1
2,369
(1)
Tyra
Biosciences,
Inc.
32,621
0.0
1,120
(1)
UFP
Technologies,
Inc.
180,824
0
.1
3,094
(1)
UroGen
Pharma
Ltd.
43,347
0.0
2,235
US
Physical
Therapy,
Inc.
205,017
0
.1
595
Utah
Medical
Products,
Inc.
51,170
0.0
8,777
(1)
Vanda
Pharmaceuticals,
Inc.
37,917
0.0
6,461
(1)
Varex
Imaging
Corp.
121,402
0.0
14,455
(1)
Vaxcyte,
Inc.
736,916
0
.2
7,235
(1)
Ventyx
Biosciences,
Inc.
251,272
0
.1
5,415
(1)
Vera
Therapeutics,
Inc.
74,240
0.0
11,166
(1)
Veracyte,
Inc.
249,337
0
.1
7,359
(1)
Vericel
Corp.
246,674
0
.1
3,374
(1)
Verrica
Pharmaceuticals,
Inc.
13,108
0.0
8,005
(1)
Verve
Therapeutics,
Inc.
106,146
0.0
6,325
(1)
Viemed
Healthcare,
Inc.
42,567
0.0
2,554
(1)
Vigil
Neuroscience,
Inc.
13,766
0.0
14,968
(1)
Viking
Therapeutics,
Inc.
165,696
0
.1
13,122
(1)
Vir
Biotechnology,
Inc.
122,953
0.0
6,684
(1)
Viridian
Therapeutics,
Inc.
102,533
0.0
6,045
(1)
Vor
BioPharma,
Inc.
12,815
0.0
5,409
(1)(3)
Voyager
Therapeutics,
Inc.
41,920
0.0
9,198
(1)
WaVe
Life
Sciences
Ltd.
52,888
0.0
18,743
(1)
X4
Pharmaceuticals,
Inc.
20,430
0.0
9,071
(1)
Xencor,
Inc.
182,781
0
.1
20,626
(1)
Xeris
Biopharma
Holdings,
Inc.
38,364
0.0
1,210
(1)
XOMA
Corp.
17,049
0.0
5,784
(1)
Y-mAbs
Therapeutics,
Inc.
31,523
0.0
8,992
(1)
Zentalis
Pharmaceuticals,
Inc.
180,380
0
.1
5,630
(1)(2)
Zevra
Therapeutics,
Inc.
27,137
0.0
3,947
(1)
Zimvie,
Inc.
37,141
0.0
1,915
(1)
Zura
Bio
Ltd.
12,639
0.0
8,841
(1)
Zymeworks,
Inc.
56,052
0.0
3,483
(1)
Zynex,
Inc.
27,864
0.0
51,740,927
14
.5
Industrials
:
16
.5
%
9,370
(1)
374Water,
Inc.
11,619
0.0
19,973
(1)
3D
Systems
Corp.
98,067
0.0
10,472
AAON,
Inc.
595,543
0
.2
5,352
(1)
AAR
Corp.
318,605
0
.1
10,138
ABM
Industries,
Inc.
405,621
0
.1
15,159
ACCO
Brands
Corp.
87,013
0.0
19,612
(1)
ACV
Auctions,
Inc.
—
Class
A
297,710
0
.1
3,985
(1)
AeroVironment,
Inc.
444,447
0
.1
4,106
(1)
AerSale
Corp.
61,344
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
15
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
8,898
(1)
Air
Transport
Services
Group,
Inc.
$
185,701
0
.1
1,586
Alamo
Group,
Inc.
274,156
0
.1
4,812
Albany
International
Corp.
—
Class
A
415,179
0
.1
61,056
(1)
Alight,
Inc.
—
Class
A
432,887
0
.1
2,459
Allegiant
Travel
Co.
188,999
0
.1
2,239
Allient,
Inc.
69,230
0.0
4,011
Alta
Equipment
Group,
Inc.
48,373
0.0
4,994
(1)
Ameresco,
Inc.
—
Class
A
192,569
0
.1
2,588
(1)
American
Woodmark
Corp.
195,679
0
.1
32,142
(1)
API
Group
Corp.
833,442
0
.2
3,548
Apogee
Enterprises,
Inc.
167,040
0
.1
5,928
Applied
Industrial
Technologies,
Inc.
916,528
0
.3
3,714
ArcBest
Corp.
377,528
0
.1
23,886
(1)
Archer
Aviation,
Inc.
—
Class
A
120,863
0.0
7,467
Arcosa,
Inc.
536,877
0
.2
2,137
Argan,
Inc.
97,276
0.0
5,039
Aris
Water
Solutions,
Inc.
—
Class
A
50,289
0.0
23,393
(1)
Array
Technologies,
Inc.
519,091
0
.2
7,371
(1)
ASGN,
Inc.
602,063
0
.2
3,661
Astec
Industries,
Inc.
172,470
0
.1
4,096
(1)
Astronics
Corp.
64,963
0.0
2,976
(1)
Asure
Software,
Inc.
28,153
0.0
5,933
(1)
Atkore,
Inc.
885,144
0
.3
3,982
AZZ,
Inc.
181,500
0
.1
9,470
(1)
Babcock
&
Wilcox
Enterprises,
Inc.
39,869
0.0
7,653
Barnes
Group,
Inc.
259,972
0
.1
1,158
Barrett
Business
Services,
Inc.
104,498
0.0
8,304
(1)
Beacon
Roofing
Supply,
Inc.
640,820
0
.2
18,322
(1)
BlackSky
Technology,
Inc.
21,437
0.0
9,225
(1)
Blade
Air
Mobility,
Inc.
23,893
0.0
8,510
(1)(2)
Blink
Charging
Co.
26,041
0.0
29,520
(1)
Bloom
Energy
Corp.
—
Class
A
391,435
0
.1
2,761
(1)
Blue
Bird
Corp.
58,947
0.0
1,426
(1)
BlueLinx
Holdings,
Inc.
117,060
0.0
6,089
Boise
Cascade
Co.
627,411
0
.2
1,834
(1)(2)
Bowman
Consulting
Group
Ltd.
51,407
0.0
7,089
(1)
BrightView
Holdings,
Inc.
54,940
0.0
7,108
Brink's
Co.
516,325
0
.2
4,489
Brookfield
Business
Corp.
—
Class
A
81,161
0.0
3,315
Cadre
Holdings,
Inc.
88,345
0.0
8,641
(1)
Casella
Waste
Systems,
Inc.
—
Class
A
659,308
0
.2
7,404
(1)
CBIZ,
Inc.
384,268
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
4,903
(1)
CECO
Environmental
Corp.
$
78,301
0.0
6,636
(1)
Chart
Industries,
Inc.
1,122,280
0
.3
2,785
(1)
Cimpress
PLC
194,978
0
.1
3,137
(1)
CIRCOR
International,
Inc.
174,888
0
.1
4,601
Columbus
McKinnon
Corp.
160,621
0
.1
5,435
Comfort
Systems
USA,
Inc.
926,178
0
.3
5,581
(1)
Commercial
Vehicle
Group,
Inc.
43,309
0.0
4,870
(1)
Concrete
Pumping
Holdings,
Inc.
41,785
0.0
27,853
(1)
Conduent,
Inc.
96,928
0.0
6,265
(1)
Construction
Partners,
Inc.
—
Class
A
229,048
0
.1
17,934
(1)
CoreCivic,
Inc.
201,757
0
.1
8,443
Costamare,
Inc.
81,222
0.0
1,439
Covenant
Logistics
Group,
Inc.
63,100
0.0
1,154
CRA
International,
Inc.
116,277
0.0
2,385
CSW
Industrials,
Inc.
417,947
0
.1
10,742
(1)
Custom
Truck
One
Source,
Inc.
66,600
0.0
6,568
(1)
Daseke,
Inc.
33,694
0.0
7,094
Deluxe
Corp.
134,006
0.0
45,323
(1)(2)
Desktop
Metal,
Inc.
—
Class
A
66,172
0.0
1,724
(1)
Distribution
Solutions
Group,
Inc.
44,824
0.0
3,896
Douglas
Dynamics,
Inc.
117,581
0.0
2,036
(1)
Ducommun,
Inc.
88,586
0.0
2,384
(1)
DXP
Enterprises,
Inc.
83,297
0.0
4,412
(1)
Dycom
Industries,
Inc.
392,668
0
.1
1,671
Eagle
Bulk
Shipping,
Inc.
70,232
0.0
2,464
Encore
Wire
Corp.
449,581
0
.1
8,709
(1)
Energy
Recovery,
Inc.
184,718
0
.1
14,924
(1)
Energy
Vault
Holdings,
Inc.
38,056
0.0
8,969
Enerpac
Tool
Group
Corp.
237,051
0
.1
6,316
EnerSys
597,936
0
.2
4,030
Eneti,
Inc.
40,622
0.0
4,571
Ennis,
Inc.
96,997
0.0
21,126
(1)
Enovix
Corp.
265,131
0
.1
3,241
EnPro
Industries,
Inc.
392,777
0
.1
12,424
(1)
Enviri
Corp.
89,701
0.0
16,278
(1)
Eos
Energy
Enterprises,
Inc.
34,998
0.0
3,965
ESCO
Technologies,
Inc.
414,105
0
.1
14,697
(1)
ESS
Tech,
Inc.
27,630
0.0
2,921
(1)(2)
Eve
Holding,
Inc.
24,215
0.0
802
(1)
EVI
Industries,
Inc.
19,906
0.0
7,755
Exponent,
Inc.
663,828
0
.2
9,204
Federal
Signal
Corp.
549,755
0
.2
8,957
First
Advantage
Corp.
123,517
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
16
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
9,472
(1)
FiscalNote
Holdings,
Inc.
$
19,702
0.0
6,127
(1)(2)
Fluence
Energy,
Inc.
140,860
0.0
21,875
(1)
Fluor
Corp.
802,812
0
.2
2,115
(1)
Forrester
Research,
Inc.
61,123
0.0
4,069
Forward
Air
Corp.
279,703
0
.1
2,029
(1)
Franklin
Covey
Co.
87,085
0.0
7,097
Franklin
Electric
Co.,
Inc.
633,265
0
.2
6,024
(1)
Frontier
Group
Holdings,
Inc.
29,156
0.0
15,395
FTAI
Aviation
Ltd.
547,292
0
.2
17,384
FTAI
Infrastructure,
Inc.
55,976
0.0
9,670
(1)
FTC
Solar,
Inc.
12,378
0.0
64,128
(1)
FuelCell
Energy,
Inc.
82,084
0.0
5,483
GATX
Corp.
596,715
0
.2
6,671
Genco
Shipping
&
Trading
Ltd.
93,327
0.0
19,014
(1)
GEO
Group,
Inc.
155,535
0
.1
4,772
(1)
Gibraltar
Industries,
Inc.
322,158
0
.1
2,275
Global
Industrial
Co.
76,212
0.0
6,356
(1)
GMS,
Inc.
406,593
0
.1
19,499
Golden
Ocean
Group
Ltd.
153,652
0
.1
3,972
Gorman-Rupp
Co.
130,679
0.0
30,817
GrafTech
International
Ltd.
118,029
0.0
6,943
Granite
Construction,
Inc.
263,973
0
.1
10,364
(1)
Great
Lakes
Dredge
&
Dock
Corp.
82,601
0.0
4,850
Greenbrier
Cos.,
Inc.
194,000
0
.1
6,870
Griffon
Corp.
272,533
0
.1
5,036
H&E
Equipment
Services,
Inc.
217,505
0
.1
8,068
(1)
Hawaiian
Holdings,
Inc.
51,070
0.0
11,763
Healthcare
Services
Group,
Inc.
122,688
0.0
8,196
Heartland
Express,
Inc.
120,399
0.0
3,424
Heidrick
&
Struggles
International,
Inc.
85,668
0.0
5,095
Helios
Technologies,
Inc.
282,671
0
.1
4,331
Herc
Holdings,
Inc.
515,129
0
.2
2,755
(1)
Heritage-Crystal
Clean,
Inc.
124,939
0.0
10,589
Hillenbrand,
Inc.
448,021
0
.1
29,749
(1)
Hillman
Solutions
Corp.
245,429
0
.1
7,247
HNI
Corp.
250,964
0
.1
4,881
(1)
Hub
Group,
Inc.
—
Class
A
383,354
0
.1
7,209
(1)
Hudson
Technologies,
Inc.
95,880
0.0
2,994
(1)
Huron
Consulting
Group,
Inc.
311,855
0
.1
23,704
(1)
Hyliion
Holdings
Corp.
27,971
0.0
1,804
Hyster-Yale
Materials
Handling,
Inc.
80,422
0.0
1,761
(1)
IBEX
Holdings
Ltd.
27,207
0.0
2,897
ICF
International,
Inc.
349,987
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
1,388
(1)
IES
Holdings,
Inc.
$
91,428
0.0
3,817
(1)
Innodata,
Inc.
32,559
0.0
11,204
(1)
INNOVATE
Corp.
18,150
0.0
5,574
Insperity,
Inc.
544,022
0
.2
3,165
Insteel
Industries,
Inc.
102,736
0.0
9,410
Interface,
Inc.
92,312
0.0
13,277
(1)
Janus
International
Group,
Inc.
142,064
0.0
13,272
(1)
JELD-WEN
Holding,
Inc.
177,314
0
.1
50,485
(1)
JetBlue
Airways
Corp.
232,231
0
.1
42,984
(1)
Joby
Aviation,
Inc.
277,247
0
.1
4,874
John
Bean
Technologies
Corp.
512,452
0
.2
1,799
Kadant,
Inc.
405,764
0
.1
4,680
Kaman
Corp.
91,962
0.0
5,453
Kelly
Services,
Inc.
—
Class
A
99,190
0.0
12,274
Kennametal,
Inc.
305,377
0
.1
3,020
Kforce,
Inc.
180,173
0
.1
8,016
Korn
Ferry
380,279
0
.1
19,400
(1)
Kratos
Defense
&
Security
Solutions,
Inc.
291,388
0
.1
3,035
(1)
LanzaTech
Global,
Inc.
14,173
0.0
16,152
(1)
Legalzoom.com,
Inc.
176,703
0
.1
8,134
(1)
Leonardo
DRS,
Inc.
135,838
0.0
21,294
(1)(2)
Li-Cycle
Holdings
Corp.
75,594
0.0
1,455
(1)
Limbach
Holdings,
Inc.
46,167
0.0
1,727
Lindsay
Corp.
203,233
0
.1
3,828
(1)
Liquidity
Services,
Inc.
67,449
0.0
4,472
LSI
Industries,
Inc.
71,015
0.0
4,456
Luxfer
Holdings
PLC
58,151
0.0
5,756
(1)
Manitowoc
Co.,
Inc.
86,628
0.0
9,485
Marten
Transport
Ltd.
186,949
0
.1
3,460
(1)
Masonite
International
Corp.
322,541
0
.1
20,171
(1)
Masterbrand,
Inc.
245,078
0
.1
5,512
Matson,
Inc.
489,025
0
.1
4,766
Matthews
International
Corp.
—
Class
A
185,445
0
.1
1,763
(1)
Mayville
Engineering
Co.,
Inc.
19,340
0.0
3,850
McGrath
RentCorp
385,924
0
.1
16,659
(1)
Microvast
Holdings,
Inc.
31,486
0.0
2,050
Miller
Industries,
Inc.
80,380
0.0
11,785
MillerKnoll,
Inc.
288,143
0
.1
4,369
(1)
Montrose
Environmental
Group,
Inc.
127,837
0.0
4,381
Moog,
Inc.
—
Class
A
494,878
0
.1
13,578
(1)
MRC
Global,
Inc.
139,174
0.0
8,609
Mueller
Industries,
Inc.
647,052
0
.2
23,906
Mueller
Water
Products,
Inc.
—
Class
A
303,128
0
.1
2,552
(1)
MYR
Group,
Inc.
343,908
0
.1
874
National
Presto
Industries,
Inc.
63,330
0.0
7,618
(1)
NEXTracker,
Inc.
—
Class
A
305,939
0
.1
96,820
(1)(2)
Nikola
Corp.
152,007
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
17
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
1,715
(1)
Northwest
Pipe
Co.
$
51,742
0.0
17,004
(1)
NOW,
Inc.
201,837
0
.1
9,064
(1)(2)
NuScale
Power
Corp.
44,414
0.0
2,131
(1)
NV5
Global,
Inc.
205,066
0
.1
543
Omega
Flex,
Inc.
42,750
0.0
16,653
(1)
OPENLANE,
Inc.
248,463
0
.1
6,093
Pangaea
Logistics
Solutions
Ltd.
35,827
0.0
3,506
Park
Aerospace
Corp.
54,448
0.0
6,374
(1)
Parsons
Corp.
346,427
0
.1
10,779
(1)
Performant
Financial
Corp.
24,361
0.0
8,932
(1)
PGT
Innovations,
Inc.
247,863
0
.1
27,768
Pitney
Bowes,
Inc.
83,859
0.0
27,515
(1)
Planet
Labs
PBC
71,539
0.0
1,501
Powell
Industries,
Inc.
124,433
0.0
407
Preformed
Line
Products
Co.
66,170
0.0
8,361
Primoris
Services
Corp.
273,656
0
.1
4,186
(1)
Proto
Labs,
Inc.
110,510
0.0
5,525
(1)
Quad/Graphics,
Inc.
27,791
0.0
5,427
Quanex
Building
Products
Corp.
152,879
0
.1
6,764
(1)
Radiant
Logistics,
Inc.
38,217
0.0
22,511
(1)
Resideo
Technologies,
Inc.
355,674
0
.1
5,776
Resources
Connection,
Inc.
86,120
0.0
5,127
REV
Group,
Inc.
82,032
0.0
43,040
(1)
Rocket
Lab
USA,
Inc.
188,515
0
.1
10,705
Rush
Enterprises,
Inc.
—
Class
A
437,085
0
.1
583
Rush
Enterprises,
Inc.
—
Class
B
26,404
0.0
18,031
(1)
RXO,
Inc.
355,752
0
.1
19,099
(1)
SES
AI
Corp.
43,355
0.0
26,459
(1)
Shoals
Technologies
Group,
Inc.
—
Class
A
482,877
0
.1
5,476
Shyft
Group,
Inc.
81,976
0.0
6,591
Simpson
Manufacturing
Co.,
Inc.
987,398
0
.3
6,815
(1)
SkyWest,
Inc.
285,821
0
.1
11,312
(1)
SKYX
Platforms
Corp.
16,063
0.0
3,231
(1)
SP
Plus
Corp.
116,639
0.0
17,034
Spirit
Airlines,
Inc.
281,061
0
.1
6,785
(1)
SPX
Technologies,
Inc.
552,299
0
.2
1,868
Standex
International
Corp.
272,149
0
.1
14,413
Steelcase,
Inc.
—
Class
A
160,993
0
.1
21,850
(1)(2)
Stem,
Inc.
92,644
0.0
4,907
(1)
Sterling
Check
Corp.
61,926
0.0
4,665
(1)
Sterling
Infrastructure,
Inc.
342,784
0
.1
6,125
(1)
Sun
Country
Airlines
Holdings,
Inc.
90,895
0.0
13,663
(1)(2)
SunPower
Corp.
84,301
0.0
2,921
Tennant
Co.
216,592
0
.1
10,296
Terex
Corp.
593,256
0
.2
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
13,312
(1)
Terran
Orbital
Corp.
$
11,081
0.0
6,741
Textainer
Group
Holdings
Ltd.
251,102
0
.1
5,553
(1)
Thermon
Group
Holdings,
Inc.
152,541
0.0
8,384
(1)
Titan
International,
Inc.
112,597
0.0
3,323
(1)
Titan
Machinery,
Inc.
88,325
0.0
6,283
(1)
TPI
Composites,
Inc.
16,650
0.0
1,212
(1)
Transcat,
Inc.
118,740
0.0
5,778
(1)
TriNet
Group,
Inc.
673,021
0
.2
12,585
Trinity
Industries,
Inc.
306,445
0
.1
8,395
Triton
International
Ltd.
690,661
0
.2
10,023
(1)
Triumph
Group,
Inc.
76,776
0.0
5,333
(1)
TrueBlue,
Inc.
78,235
0.0
3,102
TTEC
Holdings,
Inc.
81,334
0.0
27,824
(1)
TuSimple
Holdings,
Inc.
—
Class
A
43,405
0.0
7,325
(1)
Tutor
Perini
Corp.
57,355
0.0
9,181
UFP
Industries,
Inc.
940,134
0
.3
2,304
UniFirst
Corp.
375,575
0
.1
18,978
(1)
Upwork,
Inc.
215,590
0
.1
1,992
(1)
V2X,
Inc.
102,907
0.0
13,353
(1)
Velo3D,
Inc.
20,831
0.0
2,033
Veritiv
Corp.
343,374
0
.1
21,551
(1)
Verra
Mobility
Corp.
403,004
0
.1
3,378
(1)
Viad
Corp.
88,504
0.0
3,439
(1)
Vicor
Corp.
202,523
0
.1
38,007
(1)(2)
Virgin
Galactic
Holdings,
Inc.
68,413
0.0
1,949
VSE
Corp.
98,308
0.0
7,561
Wabash
National
Corp.
159,688
0
.1
4,174
Watts
Water
Technologies,
Inc.
—
Class
A
721,351
0
.2
9,791
Werner
Enterprises,
Inc.
381,359
0
.1
1,952
(1)
Willdan
Group,
Inc.
39,879
0.0
5,445
(1)
Xometry,
Inc.
—
Class
A
92,456
0.0
22,609
Zurn
Elkay
Water
Solutions
Corp.
633,504
0
.2
58,794,205
16
.5
Information
Technology
:
13
.7
%
18,836
(1)
8x8,
Inc.
47,467
0.0
3,699
(1)
908
Devices,
Inc.
24,635
0.0
11,092
A10
Networks,
Inc.
166,713
0
.1
16,899
(1)
ACI
Worldwide,
Inc.
381,241
0
.1
7,521
(1)
ACM
Research,
Inc.
—
Class
A
136,168
0.0
16,783
Adeia,
Inc.
179,242
0
.1
12,559
ADTRAN
Holdings,
Inc.
103,361
0.0
5,775
Advanced
Energy
Industries,
Inc.
595,518
0
.2
4,017
(1)(2)
Aehr
Test
Systems
183,577
0
.1
3,163
(1)
Agilysys,
Inc.
209,264
0
.1
7,384
(1)
Alarm.com
Holdings,
Inc.
451,458
0
.1
6,358
(1)
Alkami
Technology,
Inc.
115,843
0.0
3,780
(1)
Alpha
&
Omega
Semiconductor
Ltd.
112,795
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
18
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
8,267
(1)
Altair
Engineering,
Inc.
—
Class
A
$
517,184
0
.2
5,769
(1)
Ambarella,
Inc.
305,930
0
.1
5,288
American
Software,
Inc.
—
Class
A
60,600
0.0
15,857
Amkor
Technology,
Inc.
358,368
0
.1
10,552
(1)
Amplitude,
Inc.
—
Class
A
122,087
0.0
2,965
(1)
Appfolio,
Inc.
—
Class
A
541,498
0
.2
6,323
(1)
Appian
Corp.
—
Class
A
288,392
0
.1
10,961
(1)
Applied
Digital
Corp.
68,397
0.0
13,717
(1)
Arlo
Technologies,
Inc.
141,285
0.0
12,166
(1)
Asana,
Inc.
—
Class
A
222,759
0
.1
3,289
(1)(2)
Atomera,
Inc.
20,589
0.0
51,887
(1)
Aurora
Innovation,
Inc.
121,934
0.0
24,133
(1)
AvePoint,
Inc.
162,174
0
.1
1,856
(1)
Aviat
Networks,
Inc.
57,907
0.0
5,326
(1)
Avid
Technology,
Inc.
143,110
0.0
5,032
(1)
Axcelis
Technologies,
Inc.
820,468
0
.2
4,540
Badger
Meter,
Inc.
653,170
0
.2
1,705
Bel
Fuse,
Inc.
—
Class
B
81,363
0.0
6,528
Belden,
Inc.
630,278
0
.2
5,919
Benchmark
Electronics,
Inc.
143,595
0.0
10,660
(1)
BigCommerce
Holdings,
Inc.
105,214
0.0
10,852
(1)
Bit
Digital,
Inc.
23,223
0.0
6,778
(1)
Blackbaud,
Inc.
476,629
0
.1
8,633
(1)
Blackline,
Inc.
478,872
0
.1
21,691
(1)
Box,
Inc.
—
Class
A
525,139
0
.2
7,991
(1)
Braze,
Inc.
—
Class
A
373,419
0
.1
7,480
(1)
Brightcove,
Inc.
24,609
0.0
9,307
(1)(2)
C3.ai,
Inc.
—
Class
A
237,515
0
.1
9,089
(1)
Calix,
Inc.
416,640
0
.1
6,297
(1)
Cerence,
Inc.
128,270
0.0
4,035
(1)
CEVA,
Inc.
78,239
0.0
6,442
(1)(2)
Cipher
Mining,
Inc.
15,010
0.0
16,626
(1)
Cleanspark,
Inc.
63,345
0.0
12,843
Clear
Secure,
Inc.
—
Class
A
244,531
0
.1
2,124
(1)
Clearfield,
Inc.
60,874
0.0
711
Climb
Global
Solutions,
Inc.
30,580
0.0
7,356
(1)
Cohu,
Inc.
253,341
0
.1
32,877
(1)
CommScope
Holding
Co.,
Inc.
110,467
0.0
6,837
(1)
CommVault
Systems,
Inc.
462,250
0
.1
4,457
Comtech
Telecommunications
Corp.
38,999
0.0
3,242
(1)
Consensus
Cloud
Solutions,
Inc.
81,634
0.0
5,934
(1)
Corsair
Gaming,
Inc.
86,221
0.0
5,377
(1)
Couchbase,
Inc.
92,269
0.0
15,187
(1)
Credo
Technology
Group
Holding
Ltd.
231,602
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
3,846
(1)
CS
Disco,
Inc.
$
25,537
0.0
4,868
CSG
Systems
International,
Inc.
248,852
0
.1
4,977
CTS
Corp.
207,740
0
.1
6,162
(1)
Daktronics,
Inc.
54,965
0.0
5,560
(1)
Digi
International,
Inc.
150,120
0
.1
2,249
(1)
Digimarc
Corp.
73,070
0.0
15,074
(1)
Digital
Turbine,
Inc.
91,198
0.0
9,845
(1)(2)
DigitalOcean
Holdings,
Inc.
236,575
0
.1
6,910
(1)
Diodes,
Inc.
544,784
0
.2
5,099
(1)
Domo,
Inc.
—
Class
B
50,021
0.0
27,826
(1)
E2open
Parent
Holdings,
Inc.
126,330
0.0
9,620
(1)
Eastman
Kodak
Co.
40,500
0.0
4,012
Ebix,
Inc.
39,639
0.0
6,034
(1)
Enfusion,
Inc.
—
Class
A
54,125
0.0
7,635
(1)
EngageSmart,
Inc.
137,354
0.0
7,815
(1)
Envestnet,
Inc.
344,094
0
.1
4,158
(1)
ePlus,
Inc.
264,116
0
.1
6,357
(1)
Everbridge,
Inc.
142,524
0.0
3,932
(1)
EverCommerce,
Inc.
39,438
0.0
10,077
EVERTEC,
Inc.
374,663
0
.1
17,983
(1)
Evolv
Technologies
Holdings,
Inc.
87,397
0.0
24,797
(1)
ExlService
Holdings,
Inc.
695,308
0
.2
8,343
(1)
Expensify,
Inc.
—
Class
A
27,115
0.0
19,493
(1)
Extreme
Networks,
Inc.
471,926
0
.1
5,678
(1)
Fannie
Mae
946,068
0
.3
3,085
(1)
FARO
Technologies,
Inc.
46,985
0.0
18,318
(1)
Fastly,
Inc.
—
Class
A
351,156
0
.1
11,879
(1)
FormFactor,
Inc.
415,052
0
.1
24,877
(1)
Freshworks,
Inc.
—
Class
A
495,550
0
.1
8,811
(1)
Grid
Dynamics
Holdings,
Inc.
107,318
0.0
4,333
Hackett
Group,
Inc.
102,215
0.0
17,308
(1)
Harmonic,
Inc.
166,676
0
.1
3,680
(1)
I3
Verticals,
Inc.
—
Class
A
77,795
0.0
4,633
(1)
Ichor
Holdings
Ltd.
143,438
0.0
5,121
Immersion
Corp.
33,850
0.0
3,571
(1)
Impinj,
Inc.
196,512
0
.1
21,586
(1)
indie
Semiconductor,
Inc.
—
Class
A
135,992
0.0
31,593
(1)(2)
Infinera
Corp.
132,059
0.0
4,441
(1)
Insight
Enterprises,
Inc.
646,165
0
.2
3,322
(1)
Instructure
Holdings,
Inc.
84,379
0.0
3,442
(1)
Intapp,
Inc.
115,376
0.0
4,158
InterDigital,
Inc.
333,638
0
.1
1,661
(1)
inTEST
Corp.
25,197
0.0
24,810
(1)(2)
IonQ,
Inc.
369,173
0
.1
7,461
(1)
Iteris,
Inc.
30,889
0.0
7,003
(1)
Itron,
Inc.
424,242
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
19
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
10,823
(1)
Jamf
Holding
Corp.
$
191,134
0
.1
13,762
(1)
Kaltura,
Inc.
23,808
0.0
4,089
(1)
Kimball
Electronics,
Inc.
111,957
0.0
14,068
(1)
Knowles
Corp.
208,347
0
.1
8,559
Kulicke
&
Soffa
Industries,
Inc.
416,224
0
.1
18,305
(1)(2)
Lightwave
Logic,
Inc.
81,823
0.0
10,915
(1)
LivePerson,
Inc.
42,459
0.0
10,113
(1)
LiveRamp
Holdings,
Inc.
291,659
0
.1
5,051
(1)
Luna
Innovations,
Inc.
29,599
0.0
8,414
(1)
MACOM
Technology
Solutions
Holdings,
Inc.
686,414
0
.2
26,391
(1)
Marathon
Digital
Holdings,
Inc.
224,323
0
.1
39,525
(1)
Matterport,
Inc.
85,769
0.0
4,742
(1)
Maxeon
Solar
Technologies
Ltd.
54,960
0.0
9,315
Maximus,
Inc.
695,644
0
.2
11,475
(1)
MaxLinear,
Inc.
255,319
0
.1
4,451
(1)
MeridianLink,
Inc.
75,934
0.0
5,657
Methode
Electronics,
Inc.
129,262
0.0
1,707
(1)(2)
MicroStrategy,
Inc.
—
Class
A
560,374
0
.2
28,464
(1)(2)
MicroVision,
Inc.
62,336
0.0
31,096
(1)
Mirion
Technologies,
Inc.
232,287
0
.1
6,710
(1)
Mitek
Systems,
Inc.
71,931
0.0
6,021
(1)
Model
N,
Inc.
146,973
0
.1
10,969
(1)
N-able,
Inc.
141,500
0.0
5,003
Napco
Security
Technologies,
Inc.
111,317
0.0
16,955
(1)
Navitas
Semiconductor
Corp.
117,837
0.0
4,726
(1)
NETGEAR,
Inc.
59,500
0.0
10,692
(1)
NetScout
Systems,
Inc.
299,590
0
.1
8,497
(1)
NextNav,
Inc.
43,675
0.0
7,311
(1)
nLight,
Inc.
76,034
0.0
5,506
(1)
Novanta,
Inc.
789,781
0
.2
811
NVE
Corp.
66,616
0.0
16,342
(1)
Olo,
Inc.
—
Class
A
99,033
0.0
5,911
ON24,
Inc.
37,417
0.0
6,602
(1)
OneSpan,
Inc.
70,971
0.0
7,562
(1)
Onto
Innovation,
Inc.
964,306
0
.3
2,500
(1)
OSI
Systems,
Inc.
295,100
0
.1
13,506
(1)
PagerDuty,
Inc.
303,750
0
.1
4,189
(1)(2)
PAR
Technology
Corp.
161,444
0
.1
1,991
PC
Connection,
Inc.
106,280
0.0
4,921
(1)
PDF
Solutions,
Inc.
159,440
0
.1
5,319
(1)
Perficient,
Inc.
307,757
0
.1
9,685
(1)
Photronics,
Inc.
195,734
0
.1
4,258
(1)
Plexus
Corp.
395,909
0
.1
8,737
Power
Integrations,
Inc.
666,720
0
.2
8,736
(1)
PowerSchool
Holdings,
Inc.
—
Class
A
197,958
0
.1
6,699
Progress
Software
Corp.
352,233
0
.1
6,952
(1)
PROS
Holdings,
Inc.
240,678
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
8,713
(1)
Q2
Holdings,
Inc.
$
281,168
0
.1
5,706
(1)
Qualys,
Inc.
870,450
0
.3
10,137
(1)
Rackspace
Technology,
Inc.
23,822
0.0
16,851
(1)
Rambus,
Inc.
940,117
0
.3
9,237
(1)
Rapid7,
Inc.
422,870
0
.1
1,851
(1)
Red
Violet,
Inc.
37,038
0.0
13,051
(1)
Repay
Holdings
Corp.
99,057
0.0
15,526
(1)
Ribbon
Communications,
Inc.
41,610
0.0
1,884
Richardson
Electronics
Ltd./United
States
20,592
0.0
8,324
(1)
Rimini
Street,
Inc.
18,313
0.0
26,296
(1)
Riot
Platforms,
Inc.
245,342
0
.1
2,676
(1)
Rogers
Corp.
351,814
0
.1
50,977
(1)
Sabre
Corp.
228,887
0
.1
8,873
(1)
Sanmina
Corp.
481,626
0
.1
4,885
Sapiens
International
Corp.
NV
138,881
0.0
4,292
(1)
ScanSource,
Inc.
130,091
0.0
5,306
(1)
SEMrush
Holdings,
Inc.
—
Class
A
45,101
0.0
9,867
(1)
Semtech
Corp.
254,075
0
.1
4,884
(1)
Silicon
Laboratories,
Inc.
566,007
0
.2
2,643
(1)
SiTime
Corp.
301,963
0
.1
7,518
(1)
SMART
Global
Holdings,
Inc.
183,063
0
.1
29,615
(1)
SmartRent,
Inc.
77,295
0.0
8,450
(1)
SolarWinds
Corp.
79,768
0.0
21,133
(1)(2)
SoundHound
AI,
Inc.
—
Class
A
42,477
0.0
1,449
(1)
SoundThinking,
Inc.
25,937
0.0
15,670
(1)
Sprinklr,
Inc.
—
Class
A
216,873
0
.1
7,327
(1)
Sprout
Social,
Inc.
—
Class
A
365,471
0
.1
5,641
(1)
SPS
Commerce,
Inc.
962,411
0
.3
6,997
(1)
Squarespace,
Inc.
—
Class
A
202,703
0
.1
7,180
(1)
Super
Micro
Computer,
Inc.
1,968,900
0
.6
6,031
(1)
Synaptics,
Inc.
539,413
0
.2
17,574
(1)
Tenable
Holdings,
Inc.
787,315
0
.2
20,592
(1)
Terawulf,
Inc.
25,946
0.0
15,194
(1)
Thoughtworks
Holding,
Inc.
61,992
0.0
15,961
(1)
T
TM
Technologies,
Inc.
205,578
0
.1
1,589
(1)
Tucows,
Inc.
—
Class
A
32,431
0.0
2,650
(1)
Turtle
Beach
Corp.
24,049
0.0
7,046
(1)
Ultra
Clean
Holdings,
Inc.
209,055
0
.1
10,564
(1)
Unisys
Corp.
36,446
0.0
16,706
(1)
Varonis
Systems,
Inc.
510,201
0
.2
8,141
(1)
Veeco
Instruments,
Inc.
228,843
0
.1
9,857
(1)
Verint
Systems,
Inc.
226,612
0
.1
34,570
(1)
Viavi
Solutions,
Inc.
315,970
0
.1
19,707
Vishay
Intertechnology,
Inc.
487,157
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
20
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
2,315
(1)
Vishay
Precision
Group,
Inc.
$
77,738
0.0
9,328
(1)(2)
Vuzix
Corp.
33,861
0.0
5,035
(1)
Weave
Communications,
Inc.
41,035
0.0
7,528
(1)
Workiva,
Inc.
762,887
0
.2
17,731
Xerox
Holdings
Corp.
278,199
0
.1
6,938
(1)
Xperi,
Inc.
68,409
0.0
17,118
(1)
Yext,
Inc.
108,357
0.0
21,295
(1)
Zeta
Global
Holdings
Corp.
—
Class
A
177,813
0
.1
19,842
(1)
Zuora,
Inc.
—
Class
A
163,498
0
.1
48,680,021
13
.7
Materials
:
4
.5
%
6,188
(1)
5E
Advanced
Materials,
Inc.
13,985
0.0
4,231
AdvanSix,
Inc.
131,500
0.0
1,928
Alpha
Metallurgical
Resources,
Inc.
500,759
0
.2
4,812
American
Vanguard
Corp.
52,595
0.0
2,824
Arch
Resources,
Inc.
481,944
0
.1
8,022
(1)
Aspen
Aerogels,
Inc.
68,989
0.0
19,848
(1)
ATI,
Inc.
816,745
0
.2
13,750
Avient
Corp.
485,650
0
.1
4,922
Balchem
Corp.
610,525
0
.2
8,469
Cabot
Corp.
586,648
0
.2
2,660
Caledonia
Mining
Corp.
PLC
26,228
0.0
7,408
Carpenter
Technology
Corp.
497,892
0
.1
8,561
(1)
Century
Aluminum
Co.
61,554
0.0
1,190
Chase
Corp.
151,404
0
.1
2,819
(1)
Clearwater
Paper
Corp.
102,189
0.0
51,983
(1)
Coeur
Mining,
Inc.
115,402
0.0
18,005
Commercial
Metals
Co.
889,627
0
.3
5,395
Compass
Minerals
International,
Inc.
150,790
0
.1
19,610
(1)
Constellium
SE
356,902
0
.1
1,352
(1)
Core
Molding
Technologies,
Inc.
38,518
0.0
9,342
(1)
Dakota
Gold
Corp.
24,102
0.0
13,464
(1)(2)
Danimer
Scientific,
Inc.
27,871
0.0
14,959
(1)
Ecovyst,
Inc.
147,197
0
.1
4,165
FutureFuel
Corp.
29,863
0.0
7,949
(1)
Glatfelter
Corp.
15,898
0.0
4,561
Greif,
Inc.
—
Class
A
304,720
0
.1
3,099
Hawkins,
Inc.
182,376
0
.1
2,172
Haynes
International,
Inc.
101,041
0.0
8,231
HB
Fuller
Co.
564,729
0
.2
93,913
Hecla
Mining
Co.
367,200
0
.1
33,877
(1)
i-80
Gold
Corp.
51,832
0.0
5,733
(1)
Ingevity
Corp.
272,948
0
.1
3,860
Innospec,
Inc.
394,492
0
.1
1,739
(1)
Intrepid
Potash,
Inc.
43,753
0.0
8,849
(1)
Ivanhoe
Electric,
Inc.
/
US
105,303
0.0
2,485
Kaiser
Aluminum
Corp.
187,021
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Materials:
(continued)
8,703
(1)
Knife
River
Corp.
$
424,968
0
.1
3,315
Koppers
Holdings,
Inc.
131,108
0.0
27,742
(1)(2)
Livent
Corp.
510,730
0
.2
9,207
(1)
LSB
Industries,
Inc.
94,188
0.0
3,192
Materion
Corp.
325,297
0
.1
8,694
Mativ
Holdings,
Inc.
123,976
0.0
5,043
Minerals
Technologies,
Inc.
276,155
0
.1
6,205
Myers
Industries,
Inc.
111,256
0.0
38,610
(1)
Novagold
Resources,
Inc.
148,262
0
.1
23,908
(1)
O-I
Glass,
Inc.
399,981
0
.1
1,616
Olympic
Steel,
Inc.
90,835
0.0
15,817
(1)
Origin
Materials,
Inc.
20,246
0.0
8,951
Orion
SA
190,477
0
.1
6,740
Pactiv
Evergreen,
Inc.
54,796
0.0
24,735
(1)
Perimeter
Solutions
SA
112,297
0.0
6,190
(1)
Perpetua
Resources
Corp.
20,179
0.0
2,843
(1)
Piedmont
Lithium,
Inc.
112,867
0.0
18,270
(1)(2)
PureCycle
Technologies,
Inc.
102,495
0.0
2,133
Quaker
Chemical
Corp.
341,280
0
.1
4,444
Ramaco
Resources,
Inc.
—
Class
A
48,840
0.0
7,355
(1)
Ranpak
Holdings
Corp.
40,011
0.0
9,949
(1)
Rayonier
Advanced
Materials,
Inc.
35,219
0.0
3,691
Ryerson
Holding
Corp.
107,371
0.0
4,246
Schnitzer
Steel
Industries,
Inc.
—
Class
A
118,251
0.0
6,454
Sensient
Technologies
Corp.
377,430
0
.1
3,327
Stepan
Co.
249,425
0
.1
18,337
(1)
Summit
Materials,
Inc.
—
Class
A
571,014
0
.2
13,722
SunCoke
Energy,
Inc.
139,278
0.0
5,599
Sylvamo
Corp.
246,020
0
.1
6,925
(1)
TimkenSteel
Corp.
150,411
0
.1
6,782
TriMas
Corp.
167,922
0
.1
5,409
Trinseo
PLC
44,192
0.0
18,151
Tronox
Holdings
PLC
243,949
0
.1
367
United
States
Lime
&
Minerals,
Inc.
73,767
0.0
8,021
Warrior
Met
Coal,
Inc.
409,713
0
.1
4,780
Worthington
Industries,
Inc.
295,500
0
.1
15,869,898
4
.5
Real
Estate
:
5
.9
%
14,513
Acadia
Realty
Trust
208,262
0
.1
11,781
Alexander
&
Baldwin,
Inc.
197,096
0
.1
406
Alexander's,
Inc.
73,985
0.0
7,846
American
Assets
Trust,
Inc.
152,605
0
.1
17,050
(1)
Anywhere
Real
Estate,
Inc.
109,632
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
21
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate:
(continued)
23,380
(1)
Apartment
Investment
and
Management
Co.
—
Class
A
$
158,984
0
.1
32,661
Apple
Hospitality
REIT,
Inc.
501,020
0
.1
11,697
Armada
Hoffler
Properties,
Inc.
119,777
0.0
10,581
Braemar
Hotels
&
Resorts,
Inc.
29,309
0.0
27,493
Brandywine
Realty
Trust
124,818
0.0
28,793
Broadstone
Net
Lease,
Inc.
411,740
0
.1
15,498
CareTrust
REIT,
Inc.
317,709
0
.1
4,642
CBL
&
Associates
Properties,
Inc.
97,389
0.0
2,481
Centerspace
149,505
0.0
8,424
Chatham
Lodging
Trust
80,618
0.0
6,464
City
Office
REIT,
Inc.
27,472
0.0
4,385
Community
Healthcare
Trust,
Inc.
130,235
0.0
46,252
(1)
Compass,
Inc.
—
Class
A
134,131
0.0
17,321
COPT
Defense
Properties
412,759
0
.1
3,936
CTO
Realty
Growth,
Inc.
63,803
0.0
25,300
(1)
Cushman
&
Wakefield
PLC
192,786
0
.1
32,542
DiamondRock
Hospitality
Co.
261,312
0
.1
24,765
DigitalBridge
Group,
Inc.
435,369
0
.1
38,219
Diversified
Healthcare
Trust
74,145
0.0
13,118
Douglas
Elliman,
Inc.
29,647
0.0
25,498
Douglas
Emmett,
Inc.
325,355
0
.1
14,403
Easterly
Government
Properties,
Inc.
164,626
0
.1
13,716
Elme
Communities
187,086
0
.1
21,020
Empire
State
Realty
Trust,
Inc.
—
Class
A
169,001
0
.1
16,176
Equity
Commonwealth
297,153
0
.1
23,453
Essential
Properties
Realty
Trust,
Inc.
507,288
0
.2
10,895
(2)
eXp
World
Holdings,
Inc.
176,935
0
.1
8,188
Farmland
Partners,
Inc.
84,009
0.0
3,108
(1)
Forestar
Group,
Inc.
83,730
0.0
13,521
Four
Corners
Property
Trust,
Inc.
300,031
0
.1
1,182
(1)
FRP
Holdings,
Inc.
63,793
0.0
7,154
Getty
Realty
Corp.
198,380
0
.1
7,138
Gladstone
Commercial
Corp.
86,798
0.0
5,915
Gladstone
Land
Corp.
84,170
0.0
10,452
Global
Medical
REIT,
Inc.
93,754
0.0
29,994
Global
Net
Lease,
Inc.
288,242
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate:
(continued)
3,869
Hersha
Hospitality
Trust
—
Class
A
$
38,148
0.0
21,142
Hudson
Pacific
Properties,
Inc.
140,594
0.0
34,241
Independence
Realty
Trust,
Inc.
481,771
0
.1
4,293
Innovative
Industrial
Properties,
Inc.
324,808
0
.1
10,698
InvenTrust
Properties
Corp.
254,719
0
.1
16,817
JBG
SMITH
Properties
243,174
0
.1
18,259
Kennedy-Wilson
Holdings,
Inc.
269,138
0
.1
33,286
Kite
Realty
Group
Trust
712,986
0
.2
44,221
L.P.
Industrial
Trust
393,567
0
.1
6,537
LTC
Properties,
Inc.
210,034
0
.1
33,049
Macerich
Co.
360,565
0
.1
3,799
Marcus
&
Millichap,
Inc.
111,463
0.0
6,507
National
Health
Investors,
Inc.
334,200
0
.1
10,295
NETSTREIT
Corp.
160,396
0
.1
22,070
Newmark
Group,
Inc.
—
Class
A
141,910
0.0
5,144
NexPoint
Diversified
Real
Estate
Trust
44,804
0.0
3,614
NexPoint
Residential
Trust,
Inc.
116,299
0.0
7,503
Office
Properties
Income
Trust
30,762
0.0
3,076
One
Liberty
Properties,
Inc.
58,044
0.0
84,111
(1)
Opendoor
Technologies,
Inc.
222,053
0
.1
9,555
Orion
Office
REIT,
Inc.
49,782
0.0
22,446
Outfront
Media,
Inc.
226,705
0
.1
29,726
Paramount
Group,
Inc.
137,334
0.0
5,691
Peakstone
Realty
Trust
94,698
0.0
19,065
Pebblebrook
Hotel
Trust
259,093
0
.1
17,956
Phillips
Edison
&
Co.,
Inc.
602,244
0
.2
36,170
Physicians
Realty
Trust
440,912
0
.1
19,402
Piedmont
Office
Realty
Trust,
Inc.
—
Class
A
109,039
0.0
7,053
Plymouth
Industrial
REIT,
Inc.
147,760
0.0
12,143
PotlatchDeltic
Corp.
551,171
0
.2
2,952
RE/MAX
Holdings,
Inc.
—
Class
A
38,199
0.0
16,454
(1)
Redfin
Corp.
115,836
0.0
18,770
Retail
Opportunity
Investments
Corp.
232,373
0
.1
24,724
RLJ
Lodging
Trust
242,048
0
.1
2,711
RMR
Group,
Inc.
—
Class
A
66,474
0.0
13,549
RPT
Realty
143,077
0.0
8,900
Ryman
Hospitality
Properties,
Inc.
741,192
0
.2
35,250
Sabra
Health
Care
REIT,
Inc.
491,385
0
.1
6,646
(1)
Safehold,
Inc.
118,299
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
22
Voya
VACS
Index
Series
SC
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate:
(continued)
2,169
Saul
Centers,
Inc.
$
76,501
0.0
25,837
Service
Properties
Trust
198,687
0
.1
29,058
SITE
Centers
Corp.
358,285
0
.1
9,890
SL
Green
Realty
Corp.
368,897
0
.1
5,382
St
Joe
Co.
292,404
0
.1
1,942
(1)
Star
Holdings
24,314
0.0
1,042
(1)
Stratus
Properties,
Inc.
28,551
0.0
16,941
Summit
Hotel
Properties,
Inc.
98,258
0.0
32,338
Sunstone
Hotel
Investors,
Inc.
302,360
0
.1
15,757
Tanger
Factory
Outlet
Centers,
Inc.
356,108
0
.1
3,761
(1)
Tejon
Ranch
Co.
61,003
0.0
12,445
Terreno
Realty
Corp.
706,876
0
.2
9,058
UMH
Properties,
Inc.
126,993
0.0
37,371
Uniti
Group,
Inc.
176,391
0
.1
2,386
Universal
Health
Realty
Income
Trust
96,466
0.0
17,678
Urban
Edge
Properties
269,766
0
.1
12,630
Veris
Residential,
Inc.
208,395
0
.1
9,272
Whitestone
REIT
89,289
0.0
17,436
Xenia
Hotels
&
Resorts,
Inc.
205,396
0
.1
21,106,455
5
.9
Utilities
:
2
.8
%
8,853
ALLETE,
Inc.
467,438
0
.1
10,276
(1)(2)
Altus
Power,
Inc.
53,949
0.0
5,662
American
States
Water
Co.
445,486
0
.1
1,646
Artesian
Resources
Corp.
—
Class
A
69,115
0.0
11,502
Avista
Corp.
372,320
0
.1
10,080
Black
Hills
Corp.
509,947
0
.1
15,237
Brookfield
Infrastructure
Corp.
—
Class
A
538,476
0
.2
6,393
(1)
Cadiz,
Inc.
21,161
0.0
8,653
California
Water
Service
Group
409,373
0
.1
2,779
Chesapeake
Utilities
Corp.
271,647
0
.1
2,448
(2)
Consolidated
Water
Co.
Ltd.
69,621
0.0
3,505
Genie
Energy
Ltd.
—
Class
B
51,629
0.0
5,708
MGE
Energy,
Inc.
391,055
0
.1
2,763
Middlesex
Water
Co.
183,049
0
.1
10,663
(1)
Montauk
Renewables,
Inc.
97,140
0.0
14,973
New
Jersey
Resources
Corp.
608,353
0
.2
5,762
Northwest
Natural
Holding
Co.
219,878
0
.1
9,214
NorthWestern
Corp.
442,825
0
.1
8,468
ONE
Gas,
Inc.
578,195
0
.2
8,222
Ormat
Technologies,
Inc.
574,882
0
.2
6,385
Otter
Tail
Corp.
484,749
0
.1
13,234
PNM
Resources,
Inc.
590,369
0
.2
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Utilities:
(continued)
14,660
Portland
General
Electric
Co.
$
593,437
0
.2
3,897
(1)
Pure
Cycle
Corp.
37,411
0.0
4,897
SJW
Group
294,359
0
.1
9,543
Southwest
Gas
Holdings,
Inc.
576,493
0
.2
7,908
Spire,
Inc.
447,435
0
.1
15,614
(1)(2)
Sunnova
Energy
International,
Inc.
163,478
0
.1
2,804
Unitil
Corp.
119,759
0.0
2,712
York
Water
Co.
101,673
0.0
9,784,702
2
.8
Total
Common
Stock
(Cost
$364,489,556)
348,397,365
98
.0
RIGHTS
:
0.0
%
Common
Stocks
:
0.0
%
8,741
(4)(5)
Chinook
Therapeutics,
Inc.
CVR
3,409
0.0
Total
Rights
(Cost
$–)
3,409
0.0
Total
Long-Term
Investments
(Cost
$364,489,556)
348,400,774
98
.0
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
4
.3
%
Repurchase
Agreements
:
2
.6
%
2,251,989
(6)
Bank
of
America
Securities
Inc.,
Repurchase
Agreement
dated
09/29/2023,
5.290%,
due
10/02/2023
(Repurchase
Amount
$2,252,968,
collateralized
by
various
U.S.
Government
Securities,
1.375%-
4.000%,
Market
Value
plus
accrued
interest
$2,297,029,
due
11/15/40-02/15/53)
2,251,989
0
.6
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
23
Voya
VACS
Index
Series
SC
Portfolio
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
2,251,989
(6)
Daiwa
Capital
Markets,
Repurchase
Agreement
dated
09/29/2023,
5.310%,
due
10/02/2023
(Repurchase
Amount
$2,252,972,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
5.440%,
Market
Value
plus
accrued
interest
$2,297,029,
due
11/14/23-05/15/40)
$
2,251,989
0
.6
2,251,989
(6)
Deutsche
Bank
Securities
Inc.,
Repurchase
Agreement
dated
09/29/2023,
5.300%,
due
10/02/2023
(Repurchase
Amount
$2,252,970,
collateralized
by
various
U.S.
Government
Securities,
0.500%-
1.750%,
Market
Value
plus
accrued
interest
$2,297,030,
due
06/30/24-05/31/27)
2,251,989
0
.7
2,251,989
(6)
HSBC
Securities
USA
Inc.,
Repurchase
Agreement
dated
09/29/2023,
5.290%,
due
10/02/2023
(Repurchase
Amount
$2,252,968,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.375%,
Market
Value
plus
accrued
interest
$2,297,029,
due
02/29/24-02/15/53)
2,251,989
0
.6
414,594
(6)
J.P
Morgan
Securities
LLC,
Repurchase
Agreement
dated
09/29/2023,
5.300%,
due
10/02/2023
(Repurchase
Amount
$414,775,
collateralized
by
various
U.S.
Government
Securities,
1.250%-4.375%,
Market
Value
plus
accrued
interest
$422,886,
due
05/15/24-08/15/28)
414,594
0
.1
Total
Repurchase
Agreements
(Cost
$9,422,550)
9,422,550
2
.6
Shares
RA
Value
Percentage
of
Net
Assets
Mutual
Funds
:
1
.7
%
6,038,000
(7)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$6,038,000)
$
6,038,000
1
.7
Total
Short-Term
Investments
(Cost
$15,460,550)
$
15,460,550
4
.3
Total
Investments
in
Securities
(Cost
$379,950,106)
$
363,861,324
102
.3
Liabilities
in
Excess
of
Other
Assets
(
8,080,356
)
(
2
.3
)
Net
Assets
$
355,780,968
100
.0
†
Unless
otherwise
indicated,
principal
amount
is
shown
in
USD.
(1)
Non-income
producing
security.
(2)
Security,
or
a
portion
of
the
security,
is
on
loan.
(3)
Investment
in
affiliate.
(4)
For
fair
value
measurement
disclosure
purposes,
security
is
categorized
as
Level
3,
whose
value
was
determined
using
significant
unobservable
inputs.
(5)
Restricted
security
as
to
resale,
excluding
Rule
144A
securities.
As
of
September
30,
2023,
the
Fund
held
restricted
securities
with
a
fair
value
of
$3,409
or
—%
of
net
assets.
Please
refer
to
the
table
below
for
additional
details.
(6)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(7)
Rate
shown
is
the
7-day
yield
as
of
September
30,
2023.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
24
Voya
VACS
Index
Series
SC
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
Communication
Services
$
8,387,107
$
—
$
—
$
8,387,107
Consumer
Discretionary
36,621,805
—
—
36,621,805
Consumer
Staples
12,491,135
—
—
12,491,135
Energy
29,435,149
—
—
29,435,149
Financials
55,485,961
—
—
55,485,961
Health
Care
51,740,927
—
—
51,740,927
Industrials
58,103,544
690,661
—
58,794,205
Information
Technology
48,680,021
—
—
48,680,021
Materials
15,869,898
—
—
15,869,898
Real
Estate
21,106,455
—
—
21,106,455
Utilities
9,784,702
—
—
9,784,702
Total
Common
Stock
347,706,704
690,661
—
348,397,365
Rights
—
—
3,409
3,409
Short-Term
Investments
6,038,000
9,422,550
—
15,460,550
Total
Investments,
at
fair
value
$
353,744,704
$
10,113,211
$
3,409
$
363,861,324
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(
210,929
)
$
—
$
—
$
(
210,929
)
Total
Liabilities
$
(
210,929
)
$
—
$
—
$
(
210,929
)
#
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.
+
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,
Voya
VACS
Indes
Series
SC
Portfolio
held
the
following
restricted
securities:
Security
Acquisition
Date
Acquisition
Cost
Fair
Value
Chinook
Therapeutics,
Inc.
CVR
8/14/2023
$
—
$
3,409
$
—
$
3,409
At
September
30,
2023,
the
following
futures
contracts
were
outstanding
for
Voya
VACS
Indes
Series
SC
Portfolio:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Depreciation
Long
Contracts:
E-mini
Russell
2000
Index
78
12/15/23
$
7,014,540
$
(
210,929
)
$
7,014,540
$
(
210,929
)
Net
unrealized
depreciation
consisted
of:
Gross
Unrealized
Appreciation
$
31,204,557
Gross
Unrealized
Depreciation
(
47,293,339
)
Net
Unrealized
Depreciation
$
(
16,088,782
)