Ing Variable Portfolios NPORT-P Voya Russelltm Mid Cap Growth Index Portfolio (Sep 2024 report)

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(unaudited)

1

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK

:

98.7%

Communication

Services

:

4.3%

3,572 

Iridium

Communications,

Inc.

$

108,767

0.0

1,364 

(1)

Liberty

Broadband

Corp.

- Class

A

104,782

0.0

9,085 

(1)

Liberty

Broadband

Corp.

- Class

C

702,180

0.1

2,782 

(1)

Liberty

Media

Corp.-

Liberty

Formula

One

- Class

A,

Tracking

Stock

198,996

0.0

24,642 

(1)

Liberty

Media

Corp.-

Liberty

Formula

One

- Class

C,

Tracking

Stock

1,908,030

0.2

53,066 

(1)

Live

Nation

Entertainment,

Inc.

5,810,196

0.6

501 

(1)

Madison

Square

Garden

Sports

Corp.

104,338

0.0

4,093 

Nexstar

Media

Group,

Inc.

676,778

0.1

202,092 

(1)

Pinterest,

Inc.

- Class

A

6,541,718

0.7

171,715 

(1)

ROBLOX

Corp.

- Class

A

7,600,106

0.8

6,369 

(1)

Roku,

Inc.

475,510

0.1

3,632 

(1)

TKO

Group

Holdings,

Inc.

449,315

0.0

148,544 

(1)

Trade

Desk,

Inc.

- Class

A

16,287,850

1.7

1,926 

(1)

TripAdvisor,

Inc.

27,908

0.0

12,158 

(1)(2)

Trump

Media

&

Technology

Group

Corp.

195,379

0.0

41,191,853

4.3

Consumer

Discretionary

:

15.1%

2,905 

(1)

Bright

Horizons

Family

Solutions,

Inc.

407,078

0.1

21,308 

(1)

Burlington

Stores,

Inc.

5,614,232

0.6

3,707 

(1)

CarMax,

Inc.

286,848

0.0

12,726 

(1)

Carvana

Co.

2,215,724

0.2

25,352 

(1)

Cava

Group,

Inc.

3,139,845

0.3

7,960 

(2)

Choice

Hotels

International,

Inc.

1,037,188

0.1

23,411 

Churchill

Downs,

Inc.

3,165,401

0.3

389,244 

(1)

Coupang,

Inc.

9,555,940

1.0

3,596 

(1)

Crocs,

Inc.

520,737

0.1

21,122 

Darden

Restaurants,

Inc.

3,466,754

0.4

50,975 

(1)

Deckers

Outdoor

Corp.

8,127,964

0.9

1,712 

Dick's

Sporting

Goods,

Inc.

357,294

0.0

4,078 

Domino's

Pizza,

Inc.

1,754,111

0.2

152,155 

(1)

DraftKings,

Inc.

- Class

A

5,964,476

0.6

12,327 

(1)

Duolingo,

Inc.

3,476,460

0.4

14,503 

(1)

Dutch

Bros,

Inc.

- Class

A

464,531

0.1

25,481 

(1)

Etsy,

Inc.

1,414,960

0.2

42,494 

(1)

Expedia

Group,

Inc.

6,289,962

0.7

14,539 

(1)

Five

Below,

Inc.

1,284,521

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Discretionary:

(continued)

12,875 

(1)

Floor

&

Decor

Holdings,

Inc.

- Class

A

$

1,598,689

0.2

3,172 

(1)

Grand

Canyon

Education,

Inc.

449,948

0.1

9,093 

H&R

Block,

Inc.

577,860

0.1

40,842 

Hasbro,

Inc.

2,953,693

0.3

42,363 

Hilton

Worldwide

Holdings,

Inc.

9,764,671

1.0

2,139 

Hyatt

Hotels

Corp.

- Class

A

325,556

0.0

118,923 

Las

Vegas

Sands

Corp.

5,986,584

0.6

30,323 

(1)

Light

&

Wonder,

Inc.

2,751,206

0.3

6,229 

Murphy

USA,

Inc.

3,070,087

0.3

143,837 

(1)

Norwegian

Cruise

Line

Holdings

Ltd.

2,950,097

0.3

15,880 

(1)

Planet

Fitness,

Inc.

- Class

A

1,289,774

0.1

12,526 

Pool

Corp.

4,719,797

0.5

981 

(1)

RH

328,076

0.0

25,543 

Ross

Stores,

Inc.

3,844,477

0.4

27,648 

Royal

Caribbean

Cruises

Ltd.

4,903,649

0.5

4,403 

SharkNinja,

Inc.

478,650

0.1

3,852 

(1)

Skechers

USA,

Inc.

- Class

A

257,776

0.0

56,375 

Tempur

Sealy

International,

Inc.

3,078,075

0.3

22,405 

Texas

Roadhouse,

Inc.

3,956,723

0.4

854 

(1)

TopBuild

Corp.

347,416

0.0

36,251 

Tractor

Supply

Co.

10,546,503

1.1

13,925 

(1)

Ulta

Beauty,

Inc.

5,418,496

0.6

10,718 

Vail

Resorts,

Inc.

1,868,040

0.2

28,516 

Wendy's

Co.

499,600

0.1

25,318 

Williams-Sonoma,

Inc.

3,922,265

0.4

9,859 

Wingstop,

Inc.

4,102,133

0.4

2,248 

Wyndham

Hotels

&

Resorts,

Inc.

175,659

0.0

2,581 

Wynn

Resorts

Ltd.

247,466

0.0

8,551 

(1)

YETI

Holdings,

Inc.

350,847

0.0

36,364 

Yum!

Brands,

Inc.

5,080,414

0.5

144,388,253

15.1

Consumer

Staples

:

2.4%

605 

(1)

Boston

Beer

Co.,

Inc.

- Class

A

174,930

0.0

2,151 

Casey's

General

Stores,

Inc.

808,152

0.1

59,176 

(1)

Celsius

Holdings,

Inc.

1,855,759

0.2

41,719 

Clorox

Co.

6,796,442

0.7

18,061 

(1)

e.l.f.

Beauty,

Inc.

1,969,191

0.2

4,989 

(1)

Freshpet,

Inc.

682,346

0.1

6,804 

Hershey

Co.

1,304,871

0.1

15,520 

Lamb

Weston

Holdings,

Inc.

1,004,765

0.1

7,343 

(1)

Performance

Food

Group

Co.

575,471

0.1

1,306 

(1)

Pilgrim's

Pride

Corp.

60,141

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(unaudited)

(continued)

2

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Staples:

(continued)

103,962 

Sysco

Corp.

$

8,115,274

0.8

23,347,342

2.4

Energy

:

3.8%

43,507 

Antero

Midstream

Corp.

654,780

0.1

39,442 

Cheniere

Energy,

Inc.

7,093,249

0.7

9,234 

Civitas

Resources,

Inc.

467,887

0.1

12,279 

EQT

Corp.

449,903

0.0

60,750 

Hess

Corp.

8,249,850

0.9

3,009 

Matador

Resources

Co.

148,705

0.0

11,604 

(2)

New

Fortress

Energy,

Inc.

105,480

0.0

46,837 

Permian

Resources

Corp.

637,452

0.1

73,850 

Targa

Resources

Corp.

10,930,539

1.1

6,311 

Texas

Pacific

Land

Corp.

5,583,594

0.6

9,940 

Viper

Energy,

Inc.

448,393

0.0

24,247 

Weatherford

International

PLC

2,059,055

0.2

36,828,887

3.8

Financials

:

12.4%

13,773 

Allstate

Corp.

2,612,050

0.3

12,543 

Ally

Financial,

Inc.

446,405

0.1

30,712 

Ameriprise

Financial,

Inc.

14,428,805

1.5

61,504 

Ares

Management

Corp.

- Class

A

9,584,783

1.0

5,005 

Arthur

J

Gallagher

&

Co.

1,408,257

0.2

78,786 

(1)

Block,

Inc.

5,288,904

0.6

168,589 

Blue

Owl

Capital,

Inc.

3,263,883

0.3

35,315 

Brown

&

Brown,

Inc.

3,658,634

0.4

55,723 

(1)

Coinbase

Global,

Inc.

- Class

A

9,928,167

1.0

22,949 

(1)

Corpay,

Inc.

7,177,529

0.8

1,646 

(1)

Credit

Acceptance

Corp.

729,869

0.1

109,788 

Equitable

Holdings,

Inc.

4,614,390

0.5

2,357 

Everest

Re

Group

Ltd.

923,543

0.1

4,524 

FactSet

Research

Systems,

Inc.

2,080,361

0.2

1,620 

Houlihan

Lokey,

Inc.

255,992

0.0

16,540 

Jefferies

Financial

Group,

Inc.

1,018,037

0.1

7,400 

Kinsale

Capital

Group,

Inc.

3,445,218

0.4

34,424 

Lazard,

Inc.

1,734,281

0.2

25,017 

LPL

Financial

Holdings,

Inc.

5,819,705

0.6

1,018 

(1)

Markel

Corp.

1,596,815

0.2

8,969 

Morningstar,

Inc.

2,862,187

0.3

14,952 

MSCI,

Inc.

8,715,969

0.9

1,069,488 

(1)

NU

Holdings

Ltd./

Cayman

Islands

- Class

A

14,598,511

1.5

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

2,475 

Popular,

Inc.

$

248,168

0.0

851 

RLI

Corp.

131,888

0.0

34,381 

Ryan

Specialty

Holdings,

Inc.

2,282,555

0.2

20,590 

(1)(2)

Shift4

Payments,

Inc.

- Class

A

1,824,274

0.2

54,703 

(1)(2)

SoFi

Technologies,

Inc.

429,966

0.1

149,053 

(1)

Toast,

Inc.

- Class

A

4,219,690

0.4

7,001 

TPG,

Inc.

402,978

0.0

15,407 

Tradeweb

Markets,

Inc.

- Class

A

1,905,384

0.2

21,831 

UWM

Holdings

Corp.

186,000

0.0

1,279 

(1)

WEX,

Inc.

268,245

0.0

13,883 

XP,

Inc.

- Class

A

249,061

0.0

118,340,504

12.4

Health

Care

:

13.6%

23,431 

(1)

10X

Genomics,

Inc.

- Class

A

529,072

0.1

14,758 

(1)

Align

Technology,

Inc.

3,753,255

0.4

37,689 

(1)

Alnylam

Pharmaceuticals,

Inc.

10,365,606

1.1

55,821 

AmerisourceBergen

Corp.

12,564,191

1.3

35,089 

(1)

Apellis

Pharmaceuticals,

Inc.

1,011,967

0.1

23,259 

Bruker

Corp.

1,606,267

0.2

48,623 

Cardinal

Health,

Inc.

5,373,814

0.6

510 

Chemed

Corp.

306,495

0.0

16,943 

(1)

DaVita,

Inc.

2,777,466

0.3

134,531 

(1)

Dexcom,

Inc.

9,018,958

0.9

3,091 

(1)

Doximity,

Inc.

- Class

A

134,675

0.0

24,213 

(1)

Exact

Sciences

Corp.

1,649,390

0.2

80,217 

(1)

Exelixis,

Inc.

2,081,631

0.2

3,043 

(1)

Fortrea

Holdings,

Inc.

60,860

0.0

13,944 

GE

HealthCare

Technologies,

Inc.

1,308,644

0.1

27,706 

(1)

IDEXX

Laboratories,

Inc.

13,997,625

1.5

3,153 

(1)

Incyte

Corp.

208,413

0.0

9,843 

(1)

Inspire

Medical

Systems,

Inc.

2,077,365

0.2

23,470 

(1)

Insulet

Corp.

5,462,642

0.6

34,586 

(1)

Intra-Cellular

Therapies,

Inc.

2,530,658

0.3

48,895 

(1)

Ionis

Pharmaceuticals,

Inc.

1,958,734

0.2

6,845 

(1)

IQVIA

Holdings,

Inc.

1,622,060

0.2

7,485 

(1)

Masimo

Corp.

997,975

0.1

8,538 

(1)

Medpace

Holdings,

Inc.

2,849,984

0.3

12,315 

(1)

Molina

Healthcare,

Inc.

4,243,256

0.4

38,032 

(1)

Natera,

Inc.

4,828,162

0.5

33,513 

(1)

Neurocrine

Biosciences,

Inc.

3,861,368

0.4

12,389 

(1)

Penumbra,

Inc.

2,407,307

0.2

2,677 

(1)

Repligen

Corp.

398,391

0.0

13,340 

ResMed,

Inc.

3,256,561

0.3

30,432 

(1)

Sarepta

Therapeutics,

Inc.

3,800,652

0.4

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(unaudited)

(continued)

3

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

30,286 

(1)

Ultragenyx

Pharmaceutical,

Inc.

$

1,682,387

0.2

49,571 

(1)

Veeva

Systems,

Inc.

- Class

A

10,403,466

1.1

35,338 

(1)

Viking

Therapeutics,

Inc.

2,237,249

0.2

12,082 

(1)

Waters

Corp.

4,348,191

0.5

14,809 

West

Pharmaceutical

Services,

Inc.

4,445,069

0.5

130,159,806

13.6

Industrials

:

16.2%

22,947 

AAON,

Inc.

2,474,605

0.3

8,928 

Advanced

Drainage

Systems,

Inc.

1,403,125

0.1

14,591 

AMERCO

1,050,552

0.1

15,878 

(1)(2)

American

Airlines

Group,

Inc.

178,469

0.0

4,919 

Armstrong

World

Industries,

Inc.

646,504

0.1

2,276 

Avis

Budget

Group,

Inc.

199,355

0.0

24,130 

(1)

Axon

Enterprise,

Inc.

9,642,348

1.0

33,863 

(1)

AZEK

Co.,

Inc.

1,584,788

0.2

43,029 

Booz

Allen

Hamilton

Holding

Corp.

7,003,400

0.7

3,670 

(1)

Builders

FirstSource,

Inc.

711,466

0.1

6,249 

BWX

Technologies,

Inc.

679,266

0.1

2,088 

Carlisle

Cos.,

Inc.

939,078

0.1

5,365 

(1)

Ceridian

HCM

Holding,

Inc.

328,606

0.0

11,810 

Comfort

Systems

USA,

Inc.

4,610,034

0.5

42,355 

(1)

Core

&

Main,

Inc.

- Class

A

1,880,562

0.2

6,171 

EMCOR

Group,

Inc.

2,656,801

0.3

8,298 

Equifax,

Inc.

2,438,450

0.3

7,732 

Expeditors

International

of

Washington,

Inc.

1,015,985

0.1

162,181 

Fastenal

Co.

11,582,967

1.2

4,555 

Ferguson

Enterprises,

Inc.

904,486

0.1

9,694 

(1)

Generac

Holdings,

Inc.

1,540,183

0.2

14,811 

HEICO

Corp.

3,872,780

0.4

27,293 

HEICO

Corp.

- Class

A

5,561,222

0.6

8,307 

Howmet

Aerospace,

Inc.

832,777

0.1

3,856 

KBR,

Inc.

251,141

0.0

10,771 

Lennox

International,

Inc.

6,508,808

0.7

5,174 

Lincoln

Electric

Holdings,

Inc.

993,511

0.1

3,226 

(1)(2)

Loar

Holdings,

Inc.

240,627

0.0

83,577 

(1)

Lyft,

Inc.

- Class

A

1,065,607

0.1

66,019 

Old

Dominion

Freight

Line,

Inc.

13,114,014

1.4

2,372 

(1)

Paycor

HCM,

Inc.

33,659

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

14,938 

Quanta

Services,

Inc.

$

4,453,765

0.5

3,544 

Rockwell

Automation,

Inc.

951,422

0.1

93,902 

Rollins,

Inc.

4,749,563

0.5

5,197 

(1)

Saia,

Inc.

2,272,440

0.2

1,342 

Simpson

Manufacturing

Co.,

Inc.

256,684

0.0

5,529 

(1)

SiteOne

Landscape

Supply,

Inc.

834,381

0.1

4,883 

(1)

Spirit

AeroSystems

Holdings,

Inc.

- Class

A

158,746

0.0

19,251 

Tetra

Tech,

Inc.

907,877

0.1

3,717 

TransUnion

389,170

0.0

36,417 

(1)

Trex

Co.,

Inc.

2,424,644

0.3

1,124 

(1)

U-Haul

Holding

Co.

87,088

0.0

5,404 

United

Rentals,

Inc.

4,375,781

0.5

37,350 

Veralto

Corp.

4,177,971

0.4

47,871 

Verisk

Analytics,

Inc.

12,827,513

1.3

120,319 

Vertiv

Holdings

Co.

- Class

A

11,970,537

1.2

18,244 

(1)

WillScot

Mobile

Mini

Holdings

Corp.

685,974

0.1

12,710 

WW

Grainger,

Inc.

13,203,275

1.4

38,413 

(1)

XPO,

Inc.

4,129,782

0.4

154,801,789

16.2

Information

Technology

:

26.2%

7,613 

(1)

Appfolio,

Inc.

- Class

A

1,792,100

0.2

88,145 

(1)

AppLovin

Corp.

- Class

A

11,507,330

1.2

371 

(1)(2)

Astera

Labs,

Inc.

19,437

0.0

47,087 

Bentley

Systems,

Inc.

- Class

B

2,392,490

0.3

8,568 

(1)

BILL

Holdings,

Inc.

452,048

0.1

35,929 

Broadridge

Financial

Solutions,

Inc.

7,725,813

0.8

22,711 

CDW

Corp.

5,139,499

0.5

100,780 

(1)

Cloudflare,

Inc.

- Class

A

8,152,094

0.9

3,127 

Cognex

Corp.

126,643

0.0

83,191 

(1)

Confluent,

Inc.

- Class

A

1,695,433

0.2

100,463 

(1)

Datadog,

Inc.

- Class

A

11,559,273

1.2

68,272 

(1)

DocuSign,

Inc.

4,239,008

0.4

27,463 

(1)

DoubleVerify

Holdings,

Inc.

462,477

0.1

24,691 

(1)

Dropbox,

Inc.

- Class

A

627,892

0.1

99,088 

(1)

Dynatrace,

Inc.

5,298,235

0.6

27,339 

(1)

Elastic

NV

2,098,542

0.2

44,279 

(1)

Enphase

Energy,

Inc.

5,004,413

0.5

50,601 

Entegris,

Inc.

5,694,131

0.6

1,179 

(1)

EPAM

Systems,

Inc.

234,656

0.0

6,745 

(1)

Fair

Isaac

Corp.

13,109,042

1.4

24,623 

(1)

Five9,

Inc.

707,419

0.1

25,331 

(1)

Gartner,

Inc.

12,836,738

1.3

39,812 

(1)

Gitlab,

Inc.

- Class

A

2,051,910

0.2

10,627 

(1)

Globant

SA

2,105,634

0.2

47,513 

(1)

GoDaddy,

Inc.

- Class

A

7,449,088

0.8

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(unaudited)

(continued)

4

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

12,514 

(1)

Guidewire

Software,

Inc.

$

2,289,311

0.2

37,067 

(1)

HashiCorp,

Inc.

- Class

A

1,255,089

0.1

79,547 

HP,

Inc.

2,853,351

0.3

16,423 

(1)

HubSpot,

Inc.

8,730,467

0.9

3,045 

Jabil,

Inc.

364,882

0.0

39,628 

(1)

Lattice

Semiconductor

Corp.

2,103,058

0.2

20,581 

(1)

Manhattan

Associates,

Inc.

5,791,082

0.6

3,315 

(1)(2)

MicroStrategy,

Inc.

- Class

A

558,909

0.1

1,329 

MKS

Instruments,

Inc.

144,476

0.0

23,722 

(1)

MongoDB,

Inc.

6,413,243

0.7

15,784 

Monolithic

Power

Systems,

Inc.

14,592,308

1.5

17,164 

(1)

nCino,

Inc.

542,211

0.1

31,021 

NetApp,

Inc.

3,831,404

0.4

23,175 

(1)

Nutanix,

Inc.

- Class

A

1,373,119

0.1

23,971 

(1)

Okta,

Inc.

1,782,004

0.2

4,229 

(1)

Onto

Innovation,

Inc.

877,771

0.1

676,228 

(1)

Palantir

Technologies,

Inc.

- Class

A

25,155,682

2.6

38,804 

Paychex,

Inc.

5,207,109

0.5

10,780 

Paycom

Software,

Inc.

1,795,625

0.2

14,730 

(1)

Paylocity

Holding

Corp.

2,430,008

0.3

14,979 

Pegasystems,

Inc.

1,094,815

0.1

35,377 

(1)

Procore

Technologies,

Inc.

2,183,468

0.2

24,149 

(1)

PTC,

Inc.

4,362,758

0.5

89,947 

(1)

Pure

Storage,

Inc.

- Class

A

4,518,937

0.5

27,607 

(1)

RingCentral,

Inc.

- Class

A

873,209

0.1

14,868 

(1)

SentinelOne,

Inc.

- Class

A

355,643

0.0

44,929 

(1)

Smartsheet,

Inc.

- Class

A

2,487,269

0.3

16,651 

(1)

Super

Micro

Computer,

Inc.

6,933,476

0.7

32,604 

(1)

Teradata

Corp.

989,205

0.1

47,815 

Teradyne,

Inc.

6,403,863

0.7

11,359 

(1)

Twilio,

Inc.

- Class

A

740,834

0.1

12,110 

(1)

Tyler

Technologies,

Inc.

7,068,849

0.7

628 

Ubiquiti,

Inc.

139,240

0.0

128,157 

(1)

UiPath,

Inc.

- Class

A

1,640,410

0.2

44,374 

(1)(2)

Unity

Software,

Inc.

1,003,740

0.1

7,900 

Universal

Display

Corp.

1,658,210

0.2

1,847 

(1)

VeriSign,

Inc.

350,856

0.0

20,047 

Western

Union

Co.

239,161

0.0

3,678 

(1)

Zebra

Technologies

Corp.

- Class

A

1,362,037

0.1

30,765 

(1)

Zscaler,

Inc.

5,258,969

0.6

250,237,403

26.2

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Materials

:

1.6%

10,150 

Avery

Dennison

Corp.

$

2,240,714

0.2

9,348 

Celanese

Corp.

1,270,954

0.1

3,716 

Chemours

Co.

75,509

0.0

50,624 

(1)

Cleveland-Cliffs,

Inc.

646,468

0.1

8,462 

Eagle

Materials,

Inc.

2,434,094

0.3

15,108 

Louisiana-Pacific

Corp.

1,623,506

0.2

1,154 

Martin

Marietta

Materials,

Inc.

621,141

0.1

9,653 

RPM

International,

Inc.

1,168,013

0.1

2,646 

Sealed

Air

Corp.

96,050

0.0

43,401 

(1)

Valvoline,

Inc.

1,816,332

0.2

11,474 

Vulcan

Materials

Co.

2,873,434

0.3

14,866,215

1.6

Real

Estate

:

1.4%

55,871 

Iron

Mountain,

Inc.

6,639,151

0.7

4,922 

(1)

Jones

Lang

LaSalle,

Inc.

1,328,005

0.1

7,373 

Lamar

Advertising

Co.

- Class

A

985,033

0.1

27,837 

Simon

Property

Group,

Inc.

4,705,009

0.5

13,657,198

1.4

Utilities

:

1.7%

28,534 

NRG

Energy,

Inc.

2,599,448

0.3

115,782 

Vistra

Corp.

13,724,798

1.4

16,324,246

1.7

Total

Common

Stock

(Cost

$687,978,180)

944,143,496

98.7

EXCHANGE-TRADED

FUNDS

:

1.2%

100,312 

iShares

Russell

Mid-

Cap

Growth

ETF

11,765,594

1.2

Total

Exchange-Traded

Funds

(Cost

$11,540,790)

11,765,594

1.2

Total

Long-Term

Investments

(Cost

$699,518,970)

955,909,090

99.9

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(unaudited)

(continued)

5

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

0.6%

Repurchase

Agreements

:

0.4%

777,671 

(3)

Bank

of

Montreal,

Repurchase

Agreement

dated

09/30/2024,

4.860%,

due

10/01/2024

(Repurchase

Amount

$777,775,

collateralized

by

various

U.S.

Government

Agency

Obligations,

2.000%-

7.500%,

Market

Value

plus

accrued

interest

$793,224,

due

09/01/25-09/20/54)

$

777,671

0.1

1,000,000 

(3)

Bethesda

Securities,

Repurchase

Agreement

dated

09/30/2024,

5.000%,

due

10/01/2024

(Repurchase

Amount

$1,000,137,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

2.500%-

7.026%,

Market

Value

plus

accrued

interest

$1,020,000,

due

10/01/27-01/01/57)

1,000,000

0.1

1,000,000 

(3)

Cantor

Fitzgerald

Securities,

Repurchase

Agreement

dated

09/30/2024,

5.000%,

due

10/01/2024

(Repurchase

Amount

$1,000,137,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

1.500%-

7.408%,

Market

Value

plus

accrued

interest

$1,020,000,

due

05/01/26-08/20/74)

1,000,000

0.1

Principal

Amount†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS:

(continued)

Repurchase

Agreements

(continued)

1,000,000 

(3)

Marex

Capital

Markets

Inc.,

Repurchase

Agreement

dated

09/30/2024,

5.000%,

due

10/01/2024

(Repurchase

Amount

$1,000,137,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.750%-

5.500%,

Market

Value

plus

accrued

interest

$1,020,000,

due

07/15/28-09/01/54)

$

1,000,000

0.1

Total

Repurchase

Agreements

(Cost

$3,777,671)

3,777,671

0.4

Shares

RA

Value

Percentage

of

Net

Assets

Mutual

Funds

:

0.2%

2,027,000 

(4)

BlackRock

Liquidity

Funds,

FedFund,

Institutional

Class,

4.830%

(Cost

$2,027,000)

$

2,027,000

0.2

Total

Short-Term

Investments

(Cost

$5,804,671)

5,804,671

0.6

Total

Investments

in

Securities

(Cost

$705,323,641)

$

961,713,761

100.5

Liabilities

in

Excess

of

Other

Assets

(4,856,212)

(0.5)

Net

Assets

$

956,857,549

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,

2024.

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(unaudited)

(continued)

6

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

September

30,

2024

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,

2024

Asset

Table

Investments,

at

fair

value

Common

Stock*

$

944,143,496

$

—

$

—

$

944,143,496

Exchange-Traded

Funds

11,765,594

—

—

11,765,594

Short-Term

Investments

2,027,000

3,777,671

—

5,804,671

Total

Investments,

at

fair

value

$

957,936,090

$

3,777,671

$

—

$

961,713,761

Other

Financial

Instruments+

Futures

47,411

—

—

47,411

Total

Assets

$

957,983,501

$

3,777,671

$

—

$

961,761,172

*

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,

2024,

the

following

futures

contracts

were

outstanding

for

Voya

Russell™

Mid

Cap

Growth

Index

Portfolio:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Appreciation

Long

Contracts:

S&P

Mid

400

E-Mini

Index

7

12/20/24

$

2,204,020

$

47,411

$

2,204,020

$

47,411

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

294,333,741

Gross

Unrealized

Depreciation

(37,943,621)

Net

Unrealized

Appreciation

$

256,390,120