PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
Voya
Index
Plus
LargeCap
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
99.6%
Communication
Services
:
8.0%
208,303
(1)
Alphabet,
Inc.
- Class
A
$
27,258,531
3.7
906
(1)
Charter
Communications,
Inc.
- Class
A
398,477
0.0
178,698
Comcast
Corp.
- Class
A
7,923,469
1.1
15,822
Electronic
Arts,
Inc.
1,904,969
0.2
39,619
Iridium
Communications,
Inc.
1,802,268
0.2
44,763
(1)
Meta
Platforms,
Inc.
- Class
A
13,438,300
1.8
15,838
(1)
Netflix,
Inc.
5,980,429
0.8
7,949
(1)
Spotify
Technology
SA
1,229,233
0.2
59,935,676
8.0
Consumer
Discretionary
:
10.4%
146,961
(1)
Amazon.com,
Inc.
18,681,682
2.5
36,809
BorgWarner,
Inc.
1,485,979
0.2
23,124
Boyd
Gaming
Corp.
1,406,633
0.2
97,199
(1)
Coupang,
Inc.
1,652,383
0.2
4,733
(1)
Crocs,
Inc.
417,593
0.1
33,212
DR
Horton,
Inc.
3,569,294
0.5
6,114
(1)
Etsy,
Inc.
394,842
0.0
4,255
(1)
Expedia
Group,
Inc.
438,563
0.1
6,296
(1)
Five
Below,
Inc.
1,013,026
0.1
168,392
Ford
Motor
Co.
2,091,429
0.3
138,677
General
Motors
Co.
4,572,181
0.6
17,929
Gentex
Corp.
583,410
0.1
14,764
Genuine
Parts
Co.
2,131,626
0.3
38,905
(1)
Hilton
Grand
Vacations,
Inc.
1,583,433
0.2
4,854
Home
Depot,
Inc.
1,466,685
0.2
72,348
LKQ
Corp.
3,581,949
0.5
3,273
(1)
Lululemon
Athletica,
Inc.
1,262,101
0.2
57,218
Macy's,
Inc.
664,301
0.1
90,592
MGM
Resorts
International
3,330,162
0.4
56,756
NIKE,
Inc.
- Class
B
5,427,009
0.7
91,718
(2)
Nordstrom,
Inc.
1,370,267
0.2
98
(1)
NVR,
Inc.
584,403
0.1
32,781
(1)
Penn
Entertainment,
Inc.
752,324
0.1
11,690
Ralph
Lauren
Corp.
1,357,092
0.2
21,626
Tapestry,
Inc.
621,747
0.1
50,321
(1)
Tesla,
Inc.
12,591,321
1.7
124,982
Wendy's
Co.
2,550,883
0.3
18,148
Wynn
Resorts
Ltd.
1,677,057
0.2
77,259,375
10.4
Consumer
Staples
:
6.6%
47,408
(1)
BellRing
Brands,
Inc.
1,954,632
0.3
10,778
Church
&
Dwight
Co.,
Inc.
987,588
0.1
3,127
Coca-Cola
Consolidated,
Inc.
1,989,773
0.3
53,424
Colgate-Palmolive
Co.
3,798,981
0.5
6,926
Costco
Wholesale
Corp.
3,912,913
0.5
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
7,610
(1)
Darling
Ingredients,
Inc.
$
397,242
0.1
63,613
General
Mills,
Inc.
4,070,596
0.5
56,491
PepsiCo,
Inc.
9,571,835
1.3
40,808
(1)
Performance
Food
Group
Co.
2,401,959
0.3
84,616
Philip
Morris
International,
Inc.
7,833,749
1.1
57,497
Procter
&
Gamble
Co.
8,386,512
1.1
102
Seaboard
Corp.
382,806
0.0
19,391
Sysco
Corp.
1,280,776
0.2
49,009
(1)
US
Foods
Holding
Corp.
1,945,657
0.3
48,915,019
6.6
Energy
:
4.9%
122,675
Baker
Hughes
Co.
4,332,881
0.6
13,278
Chevron
Corp.
2,238,936
0.3
19,738
ConocoPhillips
2,364,613
0.3
22,465
Coterra
Energy,
Inc.
607,678
0.1
17,665
Diamondback
Energy,
Inc.
2,735,955
0.4
7,343
DT
Midstream,
Inc.
388,592
0.1
37,429
EOG
Resources,
Inc.
4,744,500
0.6
175,819
Equitrans
Midstream
Corp.
1,647,424
0.2
63,860
Exxon
Mobil
Corp.
7,508,659
1.0
54,344
(2)
New
Fortress
Energy,
Inc.
1,781,396
0.2
29,452
Phillips
66
3,538,658
0.5
4,563
Pioneer
Natural
Resources
Co.
1,047,437
0.1
25,755
Valero
Energy
Corp.
3,649,741
0.5
36,586,470
4.9
Financials
:
10.8%
11,164
American
International
Group,
Inc.
676,538
0.1
12,112
Ameriprise
Financial,
Inc.
3,993,084
0.5
18,527
Aon
PLC
- Class
A
6,006,824
0.8
24,063
(1)
Berkshire
Hathaway,
Inc.
- Class
B
8,429,269
1.1
1,307
BlackRock,
Inc.
844,962
0.1
38,546
Capital
One
Financial
Corp.
3,740,889
0.5
25,219
Charles
Schwab
Corp.
1,384,523
0.2
108,999
Citigroup,
Inc.
4,483,129
0.6
19,327
CME
Group,
Inc.
3,869,652
0.5
28,938
CNO
Financial
Group,
Inc.
686,699
0.1
15,998
Equitable
Holdings,
Inc.
454,183
0.1
26,853
Hartford
Financial
Services
Group,
Inc.
1,904,146
0.3
60,778
JPMorgan
Chase
&
Co.
8,814,026
1.2
59,180
Loews
Corp.
3,746,686
0.5
6,772
MarketAxess
Holdings,
Inc.
1,446,770
0.2
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
Voya
Index
Plus
LargeCap
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
38,964
Marsh
&
McLennan
Cos.,
Inc.
$
7,414,849
1.0
43,755
MetLife,
Inc.
2,752,627
0.4
12,809
OneMain
Holdings,
Inc.
513,513
0.1
273,858
Rithm
Capital
Corp.
2,544,141
0.3
24,980
State
Street
Corp.
1,672,661
0.2
95,405
Synchrony
Financial
2,916,531
0.4
19,853
Tradeweb
Markets,
Inc.
- Class
A
1,592,211
0.2
7,073
UMB
Financial
Corp.
438,880
0.1
10,029
Unum
Group
493,326
0.1
165,152
Wells
Fargo
&
Co.
6,748,111
0.9
12,494
Willis
Towers
Watson
PLC
2,610,746
0.3
80,178,976
10.8
Health
Care
:
13.4%
14,884
AbbVie,
Inc.
2,218,609
0.3
29,260
Agilent
Technologies,
Inc.
3,271,853
0.4
106,113
Bristol-Myers
Squibb
Co.
6,158,799
0.8
43,872
(1)
Centene
Corp.
3,021,903
0.4
6,235
Cigna
Group
1,783,646
0.2
47,592
CVS
Health
Corp.
3,322,873
0.4
8,655
Danaher
Corp.
2,147,306
0.3
11,741
(1)
Dexcom,
Inc.
1,095,435
0.1
52,365
(1)
Edwards
Lifesciences
Corp.
3,627,847
0.5
10,996
Elevance
Health,
Inc.
4,787,878
0.6
7,263
Eli
Lilly
&
Co.
3,901,175
0.5
52,876
(1)
Exelixis,
Inc.
1,155,341
0.2
60,566
Gilead
Sciences,
Inc.
4,538,816
0.6
18,114
(1)
Hologic,
Inc.
1,257,112
0.2
6,796
Humana,
Inc.
3,306,390
0.4
10,307
(1)
Inari
Medical,
Inc.
674,078
0.1
41,898
(1)
Incyte
Corp.
2,420,447
0.3
2,121
(1)
Inspire
Medical
Systems,
Inc.
420,891
0.1
1,456
(1)
Intuitive
Surgical,
Inc.
425,574
0.1
51,738
Johnson
&
Johnson
8,058,194
1.1
22,021
(1)
Lantheus
Holdings,
Inc.
1,530,019
0.2
5,213
McKesson
Corp.
2,266,873
0.3
28,971
Medtronic
PLC
2,270,168
0.3
87,075
Merck
&
Co.,
Inc.
8,964,371
1.2
1,087
(1)
Mettler-Toledo
International,
Inc.
1,204,472
0.2
4,184
(1)
Molina
Healthcare,
Inc.
1,371,892
0.2
12,907
(1)
Neurocrine
Biosciences,
Inc.
1,452,038
0.2
48,401
Pfizer,
Inc.
1,605,461
0.2
4,427
(1)
Regeneron
Pharmaceuticals,
Inc.
3,643,244
0.5
4,269
(1)
Shockwave
Medical,
Inc.
849,958
0.1
8,300
Thermo
Fisher
Scientific,
Inc.
4,201,211
0.6
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
14,949
UnitedHealth
Group,
Inc.
$
7,537,136
1.0
2,569
(1)
Veeva
Systems,
Inc.
- Class
A
522,663
0.1
13,882
(1)
Vertex
Pharmaceuticals,
Inc.
4,827,327
0.7
99,841,000
13.4
Industrials
:
8.5%
10,042
Acuity
Brands,
Inc.
1,710,253
0.2
26,622
AECOM
2,210,691
0.3
3,617
Allegion
PLC
376,891
0.0
168,105
(1)
American
Airlines
Group,
Inc.
2,153,425
0.3
22,358
AMETEK,
Inc.
3,303,618
0.4
8,245
Automatic
Data
Processing,
Inc.
1,983,582
0.3
7,441
(1)
Avis
Budget
Group,
Inc.
1,337,073
0.2
3,361
(1)
Builders
FirstSource,
Inc.
418,411
0.1
17,805
Carrier
Global
Corp.
982,836
0.1
9,567
Cintas
Corp.
4,601,823
0.6
48,360
(1)
Copart,
Inc.
2,083,832
0.3
102,871
(1)
Core
&
Main,
Inc.
- Class
A
2,967,828
0.4
38,781
(1)
CoStar
Group,
Inc.
2,981,871
0.4
2,722
Dover
Corp.
379,746
0.0
124,976
Dun
&
Bradstreet
Holdings,
Inc.
1,248,510
0.2
20,586
Emerson
Electric
Co.
1,987,990
0.3
70,550
Fortive
Corp.
5,231,988
0.7
5,934
Fortune
Brands
Innovations,
Inc.
368,857
0.0
21,492
General
Electric
Co.
2,375,941
0.3
53,088
Genpact
Ltd.
1,921,786
0.3
10,892
Graco,
Inc.
793,809
0.1
5,780
Ingersoll
Rand,
Inc.
368,302
0.0
21,468
Johnson
Controls
International
PLC
1,142,312
0.1
6,281
Leidos
Holdings,
Inc.
578,857
0.1
13,878
MSC
Industrial
Direct
Co.,
Inc.
- Class
A
1,362,126
0.2
34,596
Otis
Worldwide
Corp.
2,778,405
0.4
3,561
Owens
Corning
485,756
0.1
12,816
Parker-Hannifin
Corp.
4,992,088
0.7
10,198
Pentair
PLC
660,321
0.1
5,726
Rockwell
Automation,
Inc.
1,636,892
0.2
10,874
Rollins,
Inc.
405,926
0.1
10,140
Sensata
Technologies
Holding
PLC
383,495
0.0
46,497
SS&C
Technologies
Holdings,
Inc.
2,442,952
0.3
7,643
Terex
Corp.
440,390
0.1
11,324
(1)
U-Haul
Holding
Co.
617,951
0.1
1,982
United
Rentals,
Inc.
881,138
0.1
2,554
Watts
Water
Technologies,
Inc.
- Class
A
441,382
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
Voya
Index
Plus
LargeCap
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
2,785
WW
Grainger,
Inc.
$
1,926,774
0.3
62,965,828
8.5
Information
Technology
:
30.3%
11,605
Accenture
PLC
- Class
A
3,564,012
0.5
16,660
(1)
Adobe,
Inc.
8,494,934
1.1
18,844
(1)
Advanced
Micro
Devices,
Inc.
1,937,540
0.3
30,452
(1)
Akamai
Technologies,
Inc.
3,244,356
0.4
281,972
Apple,
Inc.
48,276,426
6.5
41,324
Applied
Materials,
Inc.
5,721,308
0.8
9,310
(1)
Autodesk,
Inc.
1,926,332
0.3
21,221
Avnet,
Inc.
1,022,640
0.1
3,220
Broadcom,
Inc.
2,674,468
0.4
9,016
(1)
Cadence
Design
Systems,
Inc.
2,112,449
0.3
9,487
(1)
Calix,
Inc.
434,884
0.1
172,161
Cisco
Systems,
Inc.
9,255,375
1.2
9,346
(1)
DocuSign,
Inc.
392,532
0.0
14,801
(1)
Dropbox,
Inc.
- Class
A
403,031
0.1
17,223
(1)
F5,
Inc.
2,775,314
0.4
13,930
(1)
GoDaddy,
Inc.
- Class
A
1,037,506
0.1
2,324
(1)
HubSpot,
Inc.
1,144,570
0.1
8,550
Intuit,
Inc.
4,368,537
0.6
23,336
(1)
Keysight
Technologies,
Inc.
3,087,586
0.4
9,537
KLA
Corp.
4,374,240
0.6
4,160
Lam
Research
Corp.
2,607,363
0.3
6,005
Mastercard,
Inc.
- Class
A
2,377,440
0.3
142,747
Microsoft
Corp.
45,072,365
6.1
5,043
Monolithic
Power
Systems,
Inc.
2,329,866
0.3
36,709
NetApp,
Inc.
2,785,479
0.4
57,594
NVIDIA
Corp.
25,052,814
3.4
11,205
(1)
Palo
Alto
Networks,
Inc.
2,626,900
0.3
8,764
Paycom
Software,
Inc.
2,272,242
0.3
2,632
(1)
Paylocity
Holding
Corp.
478,234
0.1
66,480
(1)
PayPal
Holdings,
Inc.
3,886,421
0.5
70,775
(1)
Pure
Storage,
Inc.
- Class
A
2,521,006
0.3
33,677
Qualcomm,
Inc.
3,740,168
0.5
33,907
(1)
Salesforce,
Inc.
6,875,661
0.9
10,355
(1)
ServiceNow,
Inc.
5,788,031
0.8
3,244
(1)
SolarEdge
Technologies,
Inc.
420,130
0.1
1,545
(1)
Super
Micro
Computer,
Inc.
423,670
0.1
10,782
(1)
Synopsys,
Inc.
4,948,615
0.7
3,914
Teradyne,
Inc.
393,200
0.0
13,996
(1)
Trimble,
Inc.
753,825
0.1
12,857
Visa,
Inc.
- Class
A
2,957,239
0.4
5,274
(1)
Workday,
Inc.
- Class
A
1,133,119
0.1
225,691,828
30.3
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Materials
:
2.2%
31,263
Avient
Corp.
$
1,104,209
0.1
7,412
Commercial
Metals
Co.
366,227
0.0
75,653
Element
Solutions,
Inc.
1,483,555
0.2
9,076
Linde
PLC
3,379,449
0.5
28,670
PPG
Industries,
Inc.
3,721,366
0.5
4,011
RPM
International,
Inc.
380,283
0.1
14,661
Sherwin-Williams
Co.
3,739,288
0.5
18,943
Steel
Dynamics,
Inc.
2,031,069
0.3
16,205,446
2.2
Real
Estate
:
1.8%
6,985
EastGroup
Properties,
Inc.
1,163,212
0.1
51,094
Kilroy
Realty
Corp.
1,615,081
0.2
52,255
National
Retail
Properties,
Inc.
1,846,692
0.2
50,556
Prologis,
Inc.
5,672,889
0.8
122,031
VICI
Properties,
Inc.
3,551,102
0.5
13,848,976
1.8
Utilities
:
2.7%
68,892
American
Electric
Power
Co.,
Inc.
5,182,056
0.7
16,945
DTE
Energy
Co.
1,682,300
0.2
52,414
Edison
International
3,317,282
0.4
7,672
National
Fuel
Gas
Co.
398,253
0.1
111,086
(1)
PG&E
Corp.
1,791,817
0.2
17,039
Pinnacle
West
Capital
Corp.
1,255,434
0.2
58,458
UGI
Corp.
1,344,534
0.2
89,022
Xcel
Energy,
Inc.
5,093,839
0.7
20,065,515
2.7
Total
Common
Stock
(Cost
$616,645,426)
741,494,109
99.6
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
0.4%
Repurchase
Agreements
:
0.2%
1,000,000
(3)
Bethesda
Securities
LLC,
Repurchase
Agreement
dated
09/29/2023,
5.390%,
due
10/02/2023
(Repurchase
Amount
$1,000,443,
collateralized
by
various
U.S.
Government
Agency
Obligations,
3.062%-
6.000%,
Market
Value
plus
accrued
interest
$1,020,000,
due
08/01/28-07/01/53)
1,000,000
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
4
Voya
Index
Plus
LargeCap
Portfolio
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
454,000
(3)
Industrial
&
Comm.
Bank
of
China,
Repurchase
Agreement
dated
09/29/2023,
5.330%,
due
10/02/2023
(Repurchase
Amount
$454,199,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
7.500%,
Market
Value
plus
accrued
interest
$463,080,
due
10/31/23-02/15/53)
$
454,000
0.1
31,087
(3)
National
Bank
Financial,
Repurchase
Agreement
dated
09/29/2023,
5.340%,
due
10/02/2023
(Repurchase
Amount
$31,101,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.750%,
Market
Value
plus
accrued
interest
$31,709,
due
10/02/23)
31,087
0.0
Total
Repurchase
Agreements
(Cost
$1,485,087)
1,485,087
0.2
Shares
RA
Value
Percentage
of
Net
Assets
Mutual
Funds
:
0.2%
1,196,000
(4)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$1,196,000)
$
1,196,000
0.2
Total
Short-Term
Investments
(Cost
$2,681,087)
2,681,087
0.4
Total
Investments
in
Securities
(Cost
$619,326,513)
$
744,175,196
100.0
Liabilities
in
Excess
of
Other
Assets
(917)
0.0
Net
Assets
$
744,174,279
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)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(4)
Rate
shown
is
the
7-day
yield
as
of
September
30,
2023.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
5
Voya
Index
Plus
LargeCap
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*
$
741,494,109
$
—
$
—
$
741,494,109
Short-Term
Investments
1,196,000
1,485,087
—
2,681,087
Total
Investments,
at
fair
value
$
742,690,109
$
1,485,087
$
—
$
744,175,196
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
Investments.
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
150,141,838
Gross
Unrealized
Depreciation
(25,293,155)
Net
Unrealized
Appreciation
$
124,848,683