PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
Voya
Russell™
Large
Cap
Index
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
99.5%
Communication
Services
:
10.0%
48,585
Activision
Blizzard,
Inc.
$
4,549,014
0.2
397,433
(1)
Alphabet,
Inc.
-
Class
A
52,008,082
2.6
340,145
(1)
Alphabet,
Inc.
-
Class
C
44,848,118
2.2
478,802
AT&T,
Inc.
7,191,606
0.4
6,854
(1)
Charter
Communications,
Inc.
-
Class
A
3,014,526
0.1
273,647
Comcast
Corp.
-
Class
A
12,133,508
0.6
147,929
(1)
Meta
Platforms,
Inc.
-
Class
A
44,409,765
2.2
29,327
(1)
Netflix,
Inc.
11,073,875
0.5
35,613
(1)
T-Mobile
US,
Inc.
4,987,601
0.2
281,445
Verizon
Communications,
Inc.
9,121,633
0.5
122,300
(1)
Walt
Disney
Co.
9,912,415
0.5
203,250,143
10.0
Consumer
Discretionary
:
11.1%
27,103
(1)
Airbnb,
Inc.
-
Class
A
3,718,803
0.2
602,549
(1)
Amazon.com,
Inc.
76,596,029
3.8
1,211
(1)
AutoZone,
Inc.
3,075,928
0.1
2,481
(1)
Booking
Holdings,
Inc.
7,651,280
0.4
1,837
(1)
Chipotle
Mexican
Grill,
Inc.
3,365,072
0.2
14,645
Dollar
General
Corp.
1,549,441
0.1
262,365
Ford
Motor
Co.
3,258,573
0.2
91,776
General
Motors
Co.
3,025,855
0.1
67,731
Home
Depot,
Inc.
20,465,599
1.0
22,117
Las
Vegas
Sands
Corp.
1,013,843
0.0
39,216
Lowe's
Cos.,
Inc.
8,150,653
0.4
7,438
(1)
Lululemon
Athletica,
Inc.
2,868,167
0.1
16,569
Marriott
International,
Inc.
-
Class
A
3,256,803
0.2
48,775
McDonald's
Corp.
12,849,286
0.6
79,527
NIKE,
Inc.
-
Class
B
7,604,372
0.4
4,004
(1)
O'Reilly
Automotive,
Inc.
3,639,075
0.2
75,452
Starbucks
Corp.
6,886,504
0.3
30,758
Target
Corp.
3,400,912
0.2
184,529
(1)
Tesla,
Inc.
46,172,846
2.3
77,023
TJX
Cos.,
Inc.
6,845,804
0.3
225,394,845
11.1
Consumer
Staples
:
6.7%
119,450
Altria
Group,
Inc.
5,022,872
0.3
35,692
Archer-Daniels-Midland
Co.
2,691,891
0.1
260,473
Coca-Cola
Co.
14,581,279
0.7
54,879
Colgate-Palmolive
Co.
3,902,446
0.2
10,767
Constellation
Brands,
Inc.
-
Class
A
2,706,070
0.1
29,630
Costco
Wholesale
Corp.
16,739,765
0.8
15,371
Estee
Lauder
Cos.,
Inc.
-
Class
A
2,221,878
0.1
39,274
General
Mills,
Inc.
2,513,143
0.1
9,847
Hershey
Co.
1,970,188
0.1
115,984
Kenvue,
Inc.
2,328,959
0.1
63,718
Keurig
Dr
Pepper,
Inc.
2,011,577
0.1
22,524
Kimberly-Clark
Corp.
2,722,025
0.1
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
53,700
Kraft
Heinz
Co.
$
1,806,468
0.1
90,944
Mondelez
International,
Inc.
-
Class
A
6,311,514
0.3
49,741
(1)
Monster
Beverage
Corp.
2,633,786
0.1
92,135
PepsiCo,
Inc.
15,611,354
0.8
103,787
Philip
Morris
International,
Inc.
9,608,600
0.5
157,450
Procter
&
Gamble
Co.
22,965,657
1.2
33,926
Sysco
Corp.
2,240,812
0.1
95,460
Walmart,
Inc.
15,266,918
0.8
135,857,202
6.7
Energy
:
4.4%
118,333
Chevron
Corp.
19,953,311
1.0
81,090
ConocoPhillips
9,714,582
0.5
39,300
EOG
Resources,
Inc.
4,981,668
0.2
267,899
Exxon
Mobil
Corp.
31,499,564
1.6
131,110
Kinder
Morgan,
Inc.
2,173,804
0.1
28,353
Marathon
Petroleum
Corp.
4,290,943
0.2
46,638
Occidental
Petroleum
Corp.
3,025,873
0.1
15,562
Pioneer
Natural
Resources
Co.
3,572,257
0.2
95,273
Schlumberger
NV
5,554,416
0.3
23,540
Valero
Energy
Corp.
3,335,853
0.2
88,102,271
4.4
Financials
:
10.0%
39,566
American
Express
Co.
5,902,852
0.3
48,383
American
International
Group,
Inc.
2,932,010
0.1
13,519
Aon
PLC
-
Class
A
4,383,130
0.2
465,841
Bank
of
America
Corp.
12,754,727
0.6
122,468
(1)
Berkshire
Hathaway,
Inc.
-
Class
B
42,900,540
2.1
9,941
BlackRock,
Inc.
6,426,757
0.3
47,653
Blackstone,
Inc.
5,105,542
0.3
25,342
Capital
One
Financial
Corp.
2,459,441
0.1
99,118
Charles
Schwab
Corp.
5,441,578
0.3
27,565
Chubb
Ltd.
5,738,482
0.3
130,070
Citigroup,
Inc.
5,349,779
0.3
24,010
CME
Group,
Inc.
4,807,282
0.2
40,608
(1)
Fiserv,
Inc.
4,587,080
0.2
21,592
Goldman
Sachs
Group,
Inc.
6,986,524
0.4
37,853
Intercontinental
Exchange,
Inc.
4,164,587
0.2
193,054
JPMorgan
Chase
&
Co.
27,996,691
1.4
33,101
Marsh
&
McLennan
Cos.,
Inc.
6,299,120
0.3
43,240
MetLife,
Inc.
2,720,228
0.1
10,611
Moody's
Corp.
3,354,880
0.2
80,404
Morgan
Stanley
6,566,595
0.3
26,629
PNC
Financial
Services
Group,
Inc.
3,269,242
0.2
39,083
Progressive
Corp.
5,444,262
0.3
21,454
S&P
Global,
Inc.
7,839,506
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
Voya
Russell™
Large
Cap
Index
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
15,412
Travelers
Cos.,
Inc.
$
2,516,934
0.1
88,679
Truist
Financial
Corp.
2,537,106
0.1
102,471
US
Bancorp
3,387,691
0.2
245,446
Wells
Fargo
&
Co.
10,028,924
0.5
201,901,490
10.0
Health
Care
:
13.8%
115,771
Abbott
Laboratories
11,212,421
0.6
118,018
AbbVie,
Inc.
17,591,763
0.9
35,726
Amgen,
Inc.
9,601,720
0.5
18,952
Becton
Dickinson
and
Co.
4,899,661
0.2
96,017
(1)
Boston
Scientific
Corp.
5,069,698
0.3
140,589
Bristol-Myers
Squibb
Co.
8,159,785
0.4
36,164
(1)
Centene
Corp.
2,490,976
0.1
19,525
Cigna
Group
5,585,517
0.3
85,634
CVS
Health
Corp.
5,978,966
0.3
44,017
Danaher
Corp.
10,920,618
0.5
40,257
(1)
Edwards
Lifesciences
Corp.
2,789,005
0.1
15,854
Elevance
Health,
Inc.
6,903,149
0.3
56,598
Eli
Lilly
&
Co.
30,400,484
1.5
26,065
GE
HealthCare
Technologies,
Inc.
1,773,463
0.1
83,588
Gilead
Sciences,
Inc.
6,264,085
0.3
13,672
HCA
Healthcare,
Inc.
3,363,039
0.2
8,353
Humana,
Inc.
4,063,901
0.2
23,357
(1)
Intuitive
Surgical,
Inc.
6,827,017
0.3
161,179
Johnson
&
Johnson
25,103,629
1.2
9,066
McKesson
Corp.
3,942,350
0.2
88,829
Medtronic
PLC
6,960,640
0.3
169,876
Merck
&
Co.,
Inc.
17,488,734
0.9
22,222
(1)
Moderna,
Inc.
2,295,310
0.1
377,887
Pfizer,
Inc.
12,534,512
0.6
6,929
(1)
Regeneron
Pharmaceuticals,
Inc.
5,702,290
0.3
23,757
Stryker
Corp.
6,492,075
0.3
25,801
Thermo
Fisher
Scientific,
Inc.
13,059,692
0.6
62,167
UnitedHealth
Group,
Inc.
31,343,980
1.6
17,228
(1)
Vertex
Pharmaceuticals,
Inc.
5,990,865
0.3
30,953
Zoetis,
Inc.
5,385,203
0.3
280,194,548
13.8
Industrials
:
6.3%
36,767
3M
Co.
3,442,127
0.2
27,658
Automatic
Data
Processing,
Inc.
6,653,962
0.3
37,292
(1)
Boeing
Co.
7,148,131
0.4
34,538
Caterpillar,
Inc.
9,428,874
0.5
133,966
CSX
Corp.
4,119,454
0.2
18,045
Deere
&
Co.
6,809,822
0.3
26,631
Eaton
Corp.
PLC
5,679,860
0.3
38,163
Emerson
Electric
Co.
3,685,401
0.2
15,506
FedEx
Corp.
4,107,849
0.2
16,366
General
Dynamics
Corp.
3,616,395
0.2
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
72,504
General
Electric
Co.
$
8,015,317
0.4
44,526
Honeywell
International,
Inc.
8,225,733
0.4
20,280
Illinois
Tool
Works,
Inc.
4,670,687
0.2
45,931
Johnson
Controls
International
PLC
2,443,988
0.1
12,644
L3Harris
Technologies,
Inc.
2,201,573
0.1
15,123
Lockheed
Martin
Corp.
6,184,702
0.3
15,192
Norfolk
Southern
Corp.
2,991,761
0.2
9,572
Northrop
Grumman
Corp.
4,213,499
0.2
97,729
Raytheon
Technologies
Corp.
7,033,556
0.3
129,700
(1)
Uber
Technologies,
Inc.
5,964,903
0.3
40,765
Union
Pacific
Corp.
8,300,977
0.4
48,431
United
Parcel
Service,
Inc.
-
Class
B
7,548,940
0.4
27,195
Waste
Management,
Inc.
4,145,606
0.2
126,633,117
6.3
Information
Technology
:
33.1%
42,258
Accenture
PLC
-
Class
A
12,977,854
0.6
30,644
(1)
Adobe,
Inc.
15,625,375
0.8
107,199
(1)
Advanced
Micro
Devices,
Inc.
11,022,201
0.5
33,808
Analog
Devices,
Inc.
5,919,443
0.3
998,084
Apple,
Inc.
170,881,962
8.5
56,453
Applied
Materials,
Inc.
7,815,918
0.4
16,764
(1)
Arista
Networks,
Inc.
3,083,402
0.2
9,672
(1)
Atlassian
Corp.
-
Class
A
1,949,005
0.1
14,367
(1)
Autodesk,
Inc.
2,972,676
0.2
27,021
Broadcom,
Inc.
22,443,102
1.1
18,076
(1)
Cadence
Design
Systems,
Inc.
4,235,207
0.2
274,226
Cisco
Systems,
Inc.
14,742,390
0.7
43,907
(1)
Fortinet,
Inc.
2,576,463
0.1
279,199
Intel
Corp.
9,925,524
0.5
60,767
International
Business
Machines
Corp.
8,525,610
0.4
18,270
Intuit,
Inc.
9,334,874
0.5
9,174
KLA
Corp.
4,207,747
0.2
8,971
Lam
Research
Corp.
5,622,754
0.3
56,110
Mastercard,
Inc.
-
Class
A
22,214,510
1.1
73,087
Micron
Technology,
Inc.
4,972,109
0.2
497,737
Microsoft
Corp.
157,160,458
7.8
11,045
Motorola
Solutions,
Inc.
3,006,891
0.2
158,914
NVIDIA
Corp.
69,126,001
3.4
101,689
Oracle
Corp.
10,770,899
0.5
20,155
(1)
Palo
Alto
Networks,
Inc.
4,725,138
0.2
75,083
(1)
PayPal
Holdings,
Inc.
4,389,352
0.2
74,611
Qualcomm,
Inc.
8,286,298
0.4
7,067
Roper
Technologies,
Inc.
3,422,407
0.2
63,302
(1)
Salesforce,
Inc.
12,836,379
0.6
13,616
(1)
ServiceNow,
Inc.
7,610,799
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
Voya
Russell™
Large
Cap
Index
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
20,719
(1)
Snowflake,
Inc.
-
Class
A
$
3,165,242
0.2
10,158
(1)
Synopsys,
Inc.
4,662,217
0.2
60,709
Texas
Instruments,
Inc.
9,653,338
0.5
108,303
Visa,
Inc.
-
Class
A
24,910,773
1.2
14,381
(1)
VMware,
Inc.
-
Class
A
2,394,149
0.1
13,224
(1)
Workday,
Inc.
-
Class
A
2,841,176
0.1
670,009,643
33.1
Materials
:
1.6%
14,830
Air
Products
and
Chemicals,
Inc.
4,202,822
0.2
47,311
Dow,
Inc.
2,439,355
0.1
16,610
Ecolab,
Inc.
2,813,734
0.2
95,516
Freeport-McMoRan,
Inc.
3,561,792
0.2
32,808
Linde
PLC
12,216,059
0.6
53,195
Newmont
Corp.
1,965,555
0.1
15,904
Sherwin-Williams
Co.
4,056,315
0.2
5,690
Southern
Copper
Corp.
428,400
0.0
31,684,032
1.6
Real
Estate
:
1.1%
31,133
American
Tower
Corp.
5,119,822
0.3
28,926
Crown
Castle,
Inc.
2,662,060
0.1
6,242
Equinix,
Inc.
4,533,315
0.2
61,697
Prologis,
Inc.
6,923,020
0.4
10,475
Public
Storage
2,760,372
0.1
21,998,589
1.1
Utilities
:
1.4%
34,437
American
Electric
Power
Co.,
Inc.
2,590,351
0.1
55,887
Dominion
Energy,
Inc.
2,496,472
0.1
51,547
Duke
Energy
Corp.
4,549,538
0.2
66,459
Exelon
Corp.
2,511,486
0.1
135,386
NextEra
Energy,
Inc.
7,756,264
0.4
42,124
Sempra
Energy
2,865,696
0.2
72,872
Southern
Co.
4,716,276
0.3
27,486,083
1.4
Total
Common
Stock
(Cost
$1,092,958,518)
2,012,511,963
99.5
EXCHANGE-TRADED
FUNDS
:
0.2%
37,778
iShares
Russell
Top
200
ETF
3,905,112
0.2
Total
Exchange-Traded
Funds
(Cost
$3,908,935)
3,905,112
0.2
Total
Long-Term
Investments
(Cost
$1,096,867,453)
2,016,417,075
99.7
Shares
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
0.3%
Mutual
Funds
:
0.3%
5,386,000
(2)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$5,386,000)
$
5,386,000
0.3
Total
Short-Term
Investments
(Cost
$5,386,000)
$
5,386,000
0.3
Total
Investments
in
Securities
(Cost
$1,102,253,453)
$
2,021,803,075
100.0
Assets
in
Excess
of
Other
Liabilities
351,856
0.0
Net
Assets
$
2,022,154,931
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)
4
Voya
Russell™
Large
Cap
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*
$
2,012,511,963
$
—
$
—
$
2,012,511,963
Exchange-Traded
Funds
3,905,112
—
—
3,905,112
Short-Term
Investments
5,386,000
—
—
5,386,000
Total
Investments,
at
fair
value
$
2,021,803,075
$
—
$
—
$
2,021,803,075
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(259,005)
$
—
$
—
$
(259,005)
Total
Liabilities
$
(259,005)
$
—
$
—
$
(259,005)
*
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
Index
Portfolio:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Depreciation
Long
Contracts:
S&P
500
E-Mini
27
12/15/23
$
5,839,425
$
(259,005)
$
5,839,425
$
(259,005)
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
944,284,336
Gross
Unrealized
Depreciation
(24,734,713)
Net
Unrealized
Appreciation
$
919,549,623