Ing Variable Portfolios NPORT-P Voya VACS Index Series SC Portfolio (Sep 2024 report)

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

1

Voya

VACS

Index

Series

SC

Portfolio

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK

:

97.3%

Communication

Services

:

2.7%

12,175 

(1)

Advantage

Solutions,

Inc.

$

41,760

0.0

35,525 

(1)

AMC

Entertainment

Holdings,

Inc.

- Class

A

161,639

0.1

3,768 

(1)

AMC

Networks,

Inc.

- Class

A

32,744

0.0

1,272 

(1)

Anterix,

Inc.

47,904

0.0

13,970 

(1)

AST

SpaceMobile,

Inc.

365,315

0.1

6,232 

(1)

Atlanta

Braves

Holdings,

Inc.

- Class

C

248,034

0.1

1,241 

ATN

International,

Inc.

40,134

0.0

2,725 

(1)

Bandwidth,

Inc.

- Class

A

47,715

0.0

3,065 

(1)

Boston

Omaha

Corp.

- Class

A

45,577

0.0

10,147 

(1)

Bumble,

Inc.

- Class

A

64,738

0.0

581 

(2)

Cable

One,

Inc.

203,228

0.1

4,262 

(1)

Cardlytics,

Inc.

13,638

0.0

9,017 

(1)

Cargurus,

Inc.

270,780

0.1

6,891 

(1)

Cars.com,

Inc.

115,493

0.1

11,466 

(1)

Cinemark

Holdings,

Inc.

319,213

0.1

38,348 

(1)

Clear

Channel

Outdoor

Holdings,

Inc.

61,357

0.0

4,487 

Cogent

Communications

Holdings,

Inc.

340,653

0.1

8,353 

(1)

Consolidated

Communications

Holdings,

Inc.

38,758

0.0

159 

(1)

Daily

Journal

Corp.

77,926

0.0

12,705 

(1)

EchoStar

Corp.

- Class

A

315,338

0.1

9,867 

(1)

Eventbrite,

Inc.

- Class

A

26,937

0.0

2,684 

(1)

EverQuote,

Inc.

- Class

A

56,606

0.0

6,542 

(1)

EW

Scripps

Co.

- Class

A

14,687

0.0

30,223 

(1)

fuboTV,

Inc.

42,917

0.0

15,292 

(1)

Gannett

Co.,

Inc.

85,941

0.1

11,492 

(1)

Getty

Images

Holdings,

Inc.

43,785

0.0

78,393 

(1)

Globalstar,

Inc.

97,207

0.1

7,153 

(1)

Gogo,

Inc.

51,359

0.0

9,554 

Gray

Television,

Inc.

51,209

0.0

2,867 

(1)

Grindr,

Inc.

34,203

0.0

832 

(1)

Ibotta,

Inc.

- Class

A

51,260

0.0

1,817 

IDT

Corp.

- Class

B

69,355

0.0

12,670 

(1)

iHeartMedia,

Inc.

- Class

A

23,439

0.0

4,616 

(1)

IMAX

Corp.

94,674

0.1

12,518 

(1)

Innovid

Corp.

22,532

0.0

7,680 

(1)

Integral

Ad

Science

Holding

Corp.

83,021

0.1

3,743 

John

Wiley

&

Sons,

Inc.

- Class

A

180,600

0.1

17,472 

(1)

Liberty

Latin

America

Ltd.

- Class

C

165,809

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Communication

Services:

(continued)

7,347 

(1)(2)

Lions

Gate

Entertainment

Corp.

- Class

A

$

57,527

0.0

11,775 

(1)

Lions

Gate

Entertainment

Corp.

- Class

B

81,483

0.0

105,463 

(1)

Lumen

Technologies,

Inc.

748,787

0.3

4,077 

(1)

Madison

Square

Garden

Entertainment

Corp.

173,395

0.1

12,940 

(1)

Magnite,

Inc.

179,219

0.1

2,838 

Marcus

Corp.

42,769

0.0

2,997 

(1)

MediaAlpha,

Inc.

- Class

A

54,276

0.0

7,948 

(1)

National

CineMedia,

Inc.

56,033

0.0

19,273 

(1)

Nextdoor

Holdings,

Inc.

47,797

0.0

3,180 

(1)

Ooma,

Inc.

36,220

0.0

5,194 

(1)

Outbrain,

Inc.

25,243

0.0

13,813 

(1)

Playstudios,

Inc.

20,858

0.0

4,495 

(1)

PubMatic,

Inc.

- Class

A

66,841

0.0

5,578 

(1)

QuinStreet,

Inc.

106,707

0.1

2,589 

Scholastic

Corp.

82,874

0.0

5,432 

Shenandoah

Telecommunications

Co.

76,646

0.0

2,604 

Shutterstock,

Inc.

92,103

0.1

3,588 

Sinclair,

Inc.

54,896

0.0

2,771 

(1)

Sphere

Entertainment

Co.

122,423

0.1

2,115 

Spok

Holdings,

Inc.

31,852

0.0

9,912 

(1)

Stagwell,

Inc.

69,582

0.0

2,870 

(1)

TechTarget,

Inc.

70,171

0.0

17,423 

TEGNA,

Inc.

274,935

0.1

10,072 

Telephone

and

Data

Systems,

Inc.

234,174

0.1

3,552 

(1)

Thryv

Holdings,

Inc.

61,201

0.0

10,806 

(1)

TrueCar,

Inc.

37,281

0.0

15,984 

(1)

Vimeo,

Inc.

80,719

0.0

9,264 

(1)

Vivid

Seats,

Inc.

- Class

A

34,277

0.0

1,546 

(1)

Webtoon

Entertainment,

Inc.

17,686

0.0

5,936 

(1)

WideOpenWest,

Inc.

31,164

0.0

6,663 

(1)

Yelp,

Inc.

233,738

0.1

4,653 

(1)

Ziff

Davis,

Inc.

226,415

0.1

7,929 

(1)

ZipRecruiter,

Inc.

- Class

A

75,325

0.0

7,652,102

2.7

Consumer

Discretionary

:

9.8%

3,330 

(1)

1-800-Flowers.com,

Inc.

- Class

A

26,407

0.0

3,524 

Aaron's

Co.,

Inc.

35,064

0.0

5,255 

(1)

Abercrombie

&

Fitch

Co.

- Class

A

735,175

0.3

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

2

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Discretionary:

(continued)

7,326 

Academy

Sports

&

Outdoors,

Inc.

$

427,545

0.2

5,912 

(1)

Accel

Entertainment,

Inc.

68,697

0.0

2,998 

Acushnet

Holdings

Corp.

191,123

0.1

9,110 

(1)

Adient

PLC

205,613

0.1

3,848 

(1)

Adtalem

Global

Education,

Inc.

290,447

0.1

12,372 

(1)

American

Axle

&

Manufacturing

Holdings,

Inc.

76,459

0.0

18,936 

American

Eagle

Outfitters,

Inc.

423,977

0.2

1,842 

(1)

American

Public

Education,

Inc.

27,170

0.0

715 

(1)

America's

Car-Mart,

Inc.

29,973

0.0

11,778 

(1)

AMMO,

Inc.

16,843

0.0

5,434 

Arhaus,

Inc.

66,893

0.0

9,422 

Arko

Corp.

66,142

0.0

2,098 

(1)

Asbury

Automotive

Group,

Inc.

500,562

0.2

8,722 

Atmus

Filtration

Technologies,

Inc.

327,337

0.1

2,574 

(1)

Bally's

Corp.

44,402

0.0

16,629 

(1)

BARK,

Inc.

27,105

0.0

3,224 

(1)

Beazer

Homes

USA,

Inc.

110,164

0.1

1,980 

(1)

BJ's

Restaurants,

Inc.

64,469

0.0

8,120 

Bloomin'

Brands,

Inc.

134,224

0.1

3,075 

(1)

Boot

Barn

Holdings,

Inc.

514,386

0.2

4,566 

(1)

Brinker

International,

Inc.

349,436

0.1

3,192 

Buckle,

Inc.

140,352

0.1

1,480 

Build-A-Bear

Workshop,

Inc.

50,868

0.0

3,575 

Caleres,

Inc.

118,154

0.1

4,397 

Camping

World

Holdings,

Inc.

- Class

A

106,495

0.0

1,594 

Carriage

Services,

Inc.

52,331

0.0

864 

(1)

Cavco

Industries,

Inc.

369,999

0.1

2,873 

Century

Communities,

Inc.

295,862

0.1

4,937 

Cheesecake

Factory,

Inc.

200,195

0.1

10,462 

(1)

Chegg,

Inc.

18,518

0.0

1,868 

(1)

Chuy's

Holdings,

Inc.

69,863

0.0

3,983 

Clarus

Corp.

17,924

0.0

2,082 

(1)

Cooper-Standard

Holdings,

Inc.

28,877

0.0

14,337 

(1)

Coursera,

Inc.

113,836

0.1

2,277 

(2)

Cracker

Barrel

Old

Country

Store,

Inc.

103,262

0.0

5,808 

Cricut,

Inc.

- Class

A

40,249

0.0

13,481 

Dana,

Inc.

142,359

0.1

3,381 

(1)

Dave

&

Buster's

Entertainment,

Inc.

115,123

0.1

5,942 

(1)

Denny's

Corp.

38,326

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Discretionary:

(continued)

4,749 

Designer

Brands,

Inc.

- Class

A

$

35,048

0.0

6,450 

(1)

Despegar.com

Corp.

79,980

0.0

8,558 

(1)

Destination

XL

Group,

Inc.

25,161

0.0

1,636 

Dine

Brands

Global,

Inc.

51,092

0.0

2,729 

(1)

Dorman

Products,

Inc.

308,704

0.1

2,989 

(1)

Dream

Finders

Homes,

Inc.

- Class

A

108,232

0.0

3,139 

(1)

El

Pollo

Loco

Holdings,

Inc.

43,004

0.0

2,571 

Ethan

Allen

Interiors,

Inc.

81,989

0.0

4,019 

(1)

European

Wax

Center,

Inc.

- Class

A

27,329

0.0

8,203 

(1)

Everi

Holdings,

Inc.

107,787

0.0

11,123 

(1)

EVgo,

Inc.

46,049

0.0

13,608 

(1)

Figs,

Inc.

- Class

A

93,079

0.0

3,391 

(1)

First

Watch

Restaurant

Group,

Inc.

52,900

0.0

588 

Flexsteel

Industries,

Inc.

26,043

0.0

8,655 

Foot

Locker,

Inc.

223,645

0.1

4,363 

(1)

Fox

Factory

Holding

Corp.

181,064

0.1

8,125 

(1)

Frontdoor,

Inc.

389,919

0.1

4,728 

(1)

Full

House

Resorts,

Inc.

23,735

0.0

3,514 

(1)

Funko,

Inc.

- Class

A

42,941

0.0

1,285 

(1)

Genesco,

Inc.

34,913

0.0

3,263 

(1)

Gentherm,

Inc.

151,893

0.1

2,582 

(1)(2)

GigaCloud

Technology,

Inc.

- Class

A

59,334

0.0

4,139 

(1)

G-III

Apparel

Group

Ltd.

126,322

0.1

13,390 

(1)

Global

Business

Travel

Group

I

102,969

0.0

2,128 

Golden

Entertainment,

Inc.

67,649

0.0

29,216 

(1)

Goodyear

Tire

&

Rubber

Co.

258,562

0.1

17,872 

(1)

GoPro,

Inc.

- Class

A

24,306

0.0

338 

Graham

Holdings

Co.

- Class

B

277,741

0.1

3,235 

(1)

Green

Brick

Partners,

Inc.

270,187

0.1

1,372 

Group

1

Automotive,

Inc.

525,531

0.2

2,617 

(1)(2)

Groupon,

Inc.

25,594

0.0

6,559 

(1)

GrowGeneration

Corp.

13,971

0.0

818 

Hamilton

Beach

Brands

Holding

Co.

- Class

A

24,892

0.0

36,630 

(1)

Hanesbrands,

Inc.

269,230

0.1

1,754 

Haverty

Furniture

Cos.,

Inc.

48,182

0.0

2,364 

(1)

Helen

of

Troy

Ltd.

146,213

0.1

7,626 

(1)

Hilton

Grand

Vacations,

Inc.

276,976

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

3

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Discretionary:

(continued)

6,990 

(1)

Holley,

Inc.

$

20,620

0.0

522 

(1)

Hovnanian

Enterprises,

Inc.

- Class

A

106,681

0.0

2,643 

(1)

Inspired

Entertainment,

Inc.

24,501

0.0

2,503 

Installed

Building

Products,

Inc.

616,414

0.2

11,807 

International

Game

Technology

PLC

251,489

0.1

3,329 

(1)

iRobot

Corp.

28,929

0.0

2,027 

Jack

in

the

Box,

Inc.

94,337

0.0

1,058 

(1)

JAKKS

Pacific,

Inc.

27,000

0.0

6,995 

KB

Home

599,402

0.2

5,753 

Kontoor

Brands,

Inc.

470,480

0.2

8,985 

Krispy

Kreme,

Inc.

96,499

0.0

646 

(1)(2)

Kura

Sushi

USA,

Inc.

- Class

A

52,042

0.0

1,762 

(1)

Lands'

End,

Inc.

30,430

0.0

2,566 

(1)

Landsea

Homes

Corp.

31,690

0.0

4,566 

(1)

Latham

Group,

Inc.

31,049

0.0

13,888 

Laureate

Education,

Inc.

230,680

0.1

4,414 

La-Z-Boy,

Inc.

189,493

0.1

2,549 

LCI

Industries

307,256

0.1

1,612 

(1)

Legacy

Housing

Corp.

44,088

0.0

19,512 

(1)

Leslie's,

Inc.

61,658

0.0

2,152 

(1)

LGI

Homes,

Inc.

255,055

0.1

6,143 

(1)

Life

Time

Group

Holdings,

Inc.

150,012

0.1

3,374 

(1)

Lincoln

Educational

Services

Corp.

40,286

0.0

4,071 

(1)

Lindblad

Expeditions

Holdings,

Inc.

37,657

0.0

2,412 

(1)

Livewire

Group,

Inc.

14,713

0.0

1,643 

(1)

Lovesac

Co.

47,072

0.0

33,912 

(1)(2)

Luminar

Technologies,

Inc.

30,511

0.0

2,768 

(1)

M/I

Homes,

Inc.

474,324

0.2

2,188 

(1)

Malibu

Boats,

Inc.

- Class

A

84,916

0.0

2,302 

(1)

MarineMax,

Inc.

81,192

0.0

2,223 

(1)

MasterCraft

Boat

Holdings,

Inc.

40,481

0.0

3,749 

Meritage

Homes

Corp.

768,807

0.3

9,855 

(1)

Mister

Car

Wash,

Inc.

64,156

0.0

5,397 

(1)

Modine

Manufacturing

Co.

716,668

0.3

1,361 

Monarch

Casino

&

Resort,

Inc.

107,886

0.0

3,179 

Monro,

Inc.

91,746

0.0

1,819 

Movado

Group,

Inc.

33,833

0.0

8,226 

(1)

National

Vision

Holdings,

Inc.

89,746

0.0

3,612 

(1)

ODP

Corp.

107,457

0.0

10,565 

OneSpaWorld

Holdings

Ltd.

174,428

0.1

1,427 

(1)

OneWater

Marine,

Inc.

- Class

A

34,120

0.0

4,886 

(1)

Overstock.com,

Inc.

49,251

0.0

1,504 

Oxford

Industries,

Inc.

130,487

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Discretionary:

(continued)

3,395 

Papa

John's

International,

Inc.

$

182,889

0.1

2,224 

Patrick

Industries,

Inc.

316,631

0.1

35,688 

(1)

Peloton

Interactive,

Inc.

- Class

A

167,020

0.1

6,895 

Perdoceo

Education

Corp.

153,345

0.1

9,286 

(1)

Petco

Health

&

Wellness

Co.,

Inc.

42,251

0.0

4,447 

Phinia,

Inc.

204,695

0.1

4,339 

(1)

PlayAGS,

Inc.

49,421

0.0

5,836 

(1)(2)

Portillo's,

Inc.

- Class

A

78,611

0.0

3,584 

(1)

Potbelly

Corp.

29,891

0.0

1,010 

RCI

Hospitality

Holdings,

Inc.

44,995

0.0

10,891 

(1)

RealReal,

Inc.

34,198

0.0

5,121 

Red

Rock

Resorts,

Inc.

- Class

A

278,787

0.1

5,461 

Rent-A-Center,

Inc.

174,697

0.1

4,038 

(1)

Revolve

Group,

Inc.

100,062

0.0

893 

Rocky

Brands,

Inc.

28,451

0.0

7,856 

(1)

Rush

Street

Interactive,

Inc.

85,238

0.0

10,698 

(1)

Sally

Beauty

Holdings,

Inc.

145,172

0.1

2,862 

(1)

Savers

Value

Village,

Inc.

30,108

0.0

3,645 

(1)

SeaWorld

Entertainment,

Inc.

184,437

0.1

3,938 

(1)

Shake

Shack,

Inc.

- Class

A

406,441

0.2

1,963 

Shoe

Carnival,

Inc.

86,078

0.0

4,442 

Signet

Jewelers

Ltd.

458,148

0.2

9,705 

Six

Flags

Entertainment

Corp.

391,209

0.1

5,599 

(1)

Skyline

Champion

Corp.

531,065

0.2

2,256 

(1)

Sleep

Number

Corp.

41,330

0.0

5,080 

Smith

&

Wesson

Brands,

Inc.

65,938

0.0

16,380 

(1)(2)

Solid

Power,

Inc.

22,113

0.0

1,561 

Sonic

Automotive,

Inc.

- Class

A

91,287

0.0

12,767 

(1)

Sonos,

Inc.

156,906

0.1

2,324 

Standard

Motor

Products,

Inc.

77,157

0.0

7,438 

Steven

Madden

Ltd.

364,388

0.1

10,057 

(1)

Stitch

Fix,

Inc.

- Class

A

28,361

0.0

3,328 

(1)

Stoneridge,

Inc.

37,240

0.0

2,282 

Strategic

Education,

Inc.

211,199

0.1

4,406 

(1)

Stride,

Inc.

375,876

0.1

1,871 

Sturm

Ruger

&

Co.,

Inc.

77,983

0.0

17,435 

Super

Group

SGHC

Ltd.

63,289

0.0

1,674 

Superior

Group

of

Cos.,

Inc.

25,930

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

4

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Discretionary:

(continued)

10,261 

(1)

Sweetgreen,

Inc.

- Class

A

$

363,752

0.1

3,952 

(1)

Target

Hospitality

Corp.

30,747

0.0

10,682 

(1)

Taylor

Morrison

Home

Corp.

750,517

0.3

9,386 

(1)

ThredUp,

Inc.

- Class

A

7,903

0.0

2,600 

(1)

Tilly's,

Inc.

- Class

A

13,260

0.0

14,640 

(1)

Topgolf

Callaway

Brands

Corp.

160,747

0.1

9,533 

(1)

Tri

Pointe

Homes,

Inc.

431,940

0.2

10,103 

(1)

Udemy,

Inc.

75,166

0.0

4,305 

(1)

Universal

Technical

Institute,

Inc.

69,999

0.0

6,632 

(1)

Urban

Outfitters,

Inc.

254,072

0.1

3,461 

(1)

Vera

Bradley,

Inc.

18,897

0.0

8,182 

(1)

Victoria's

Secret

&

Co.

210,277

0.1

6,035 

(1)

Vista

Outdoor,

Inc.

236,451

0.1

2,820 

(1)

Visteon

Corp.

268,577

0.1

9,453 

(1)

Vizio

Holding

Corp.

- Class

A

105,590

0.0

9,052 

(1)

Warby

Parker,

Inc.

- Class

A

147,819

0.1

307 

Winmark

Corp.

117,560

0.1

2,915 

Winnebago

Industries,

Inc.

169,391

0.1

8,203 

Wolverine

World

Wide,

Inc.

142,896

0.1

2,658 

(1)

XPEL,

Inc.

115,277

0.1

2,674 

(1)

Xponential

Fitness,

Inc.

- Class

A

33,158

0.0

1,893 

(1)

Zumiez,

Inc.

40,321

0.0

27,981,068

9.8

Consumer

Staples

:

2.7%

3,395 

Andersons,

Inc.

170,225

0.1

8,123 

B&G

Foods,

Inc.

72,132

0.0

7,699 

(1)

Beauty

Health

Co.

11,086

0.0

6,343 

(1)(2)

Beyond

Meat,

Inc.

43,005

0.0

6,328 

(1)

BRC,

Inc.

- Class

A

21,642

0.0

1,837 

Calavo

Growers,

Inc.

52,410

0.0

4,252 

Cal-Maine

Foods,

Inc.

318,220

0.1

6,397 

(1)

Central

Garden

&

Pet

Co.

- Class

A

200,866

0.1

3,586 

(1)

Chefs'

Warehouse,

Inc.

150,648

0.1

7,684 

Dole

PLC

125,172

0.1

6,197 

(1)

Duckhorn

Portfolio,

Inc.

36,005

0.0

4,990 

Edgewell

Personal

Care

Co.

181,337

0.1

7,356 

Energizer

Holdings,

Inc.

233,626

0.1

3,632 

Fresh

Del

Monte

Produce,

Inc.

107,289

0.0

9,694 

(1)

Hain

Celestial

Group,

Inc.

83,659

0.0

10,478 

(1)

Herbalife

Ltd.

75,337

0.0

5,191 

(1)

HF

Foods

Group,

Inc.

18,532

0.0

8,919 

(1)

Honest

Co.,

Inc.

31,841

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer

Staples:

(continued)

1,553 

Ingles

Markets,

Inc.

- Class

A

$

115,854

0.0

1,871 

Inter

Parfums,

Inc.

242,257

0.1

2,270 

(1)

Ispire

Technology,

Inc.

14,085

0.0

1,566 

J

&

J

Snack

Foods

Corp.

269,540

0.1

989 

John

B

Sanfilippo

&

Son,

Inc.

93,273

0.0

2,036 

Lancaster

Colony

Corp.

359,496

0.1

2,062 

Limoneira

Co.

54,643

0.0

4,108 

(1)

Mama's

Creations,

Inc.

29,988

0.0

1,282 

Medifast,

Inc.

24,537

0.0

1,474 

(2)

MGP

Ingredients,

Inc.

122,710

0.1

5,066 

(1)

Mission

Produce,

Inc.

64,946

0.0

2,489 

National

Beverage

Corp.

116,834

0.1

1,152 

Natural

Grocers

by

Vitamin

Cottage,

Inc.

34,203

0.0

1,935 

(1)

Nature's

Sunshine

Products,

Inc.

26,355

0.0

5,348 

Nu

Skin

Enterprises,

Inc.

- Class

A

39,415

0.0

621 

Oil-Dri

Corp.

of

America

42,843

0.0

14,693 

(1)

Olaplex

Holdings,

Inc.

34,528

0.0

2,560 

PriceSmart,

Inc.

234,957

0.1

16,312 

Primo

Water

Corp.

411,878

0.2

626 

(1)

Seneca

Foods

Corp.

- Class

A

39,019

0.0

9,414 

(1)

Simply

Good

Foods

Co.

327,325

0.1

3,858 

SpartanNash

Co.

86,458

0.0

10,535 

(1)

Sprouts

Farmers

Market,

Inc.

1,163,169

0.4

9,971 

(1)

SunOpta,

Inc.

63,615

0.0

4,940 

(1)

TreeHouse

Foods,

Inc.

207,381

0.1

1,944 

Turning

Point

Brands,

Inc.

83,884

0.0

6,179 

(1)

United

Natural

Foods,

Inc.

103,931

0.0

2,546 

Universal

Corp.

135,218

0.1

1,247 

(1)

USANA

Health

Sciences,

Inc.

47,286

0.0

6,748 

Utz

Brands,

Inc.

119,440

0.1

15,045 

Vector

Group

Ltd.

224,471

0.1

14,672 

(1)

Veru,

Inc.

11,283

0.0

1,300 

Village

Super

Market,

Inc.

- Class

A

41,327

0.0

4,074 

(1)

Vita

Coco

Co.,

Inc.

115,335

0.0

3,354 

(1)

Vital

Farms,

Inc.

117,625

0.1

3,278 

(1)

Waldencast

PLC

- Class

A

11,932

0.0

1,412 

WD-40

Co.

364,126

0.1

1,777 

Weis

Markets,

Inc.

122,489

0.1

4,341 

(1)

Westrock

Coffee

Co.

28,216

0.0

6,815 

WK

Kellogg

Co.

116,605

0.0

7,795,509

2.7

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

5

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Consumer,

Non-cyclical

:

0.0%

9,635 

(1)(2)

Canoo,

Inc.

$

9,476

0.0

4,268 

(1)

Fibrobiologics,

Inc.

13,188

0.0

7,283 

(1)

Regulus

Therapeutics,

Inc.

11,435

0.0

15,440 

(1)

Rigetti

Computing,

Inc.

12,091

0.0

46,190

0.0

Energy

:

5.1%

5,092 

(1)

Amplify

Energy

Corp.

33,251

0.0

17,295 

Archrock,

Inc.

350,051

0.1

4,451 

Ardmore

Shipping

Corp.

80,563

0.0

7,144 

Atlas

Energy

Solutions,

Inc.

155,739

0.1

8,920 

Berry

Corp.

45,849

0.0

24,820 

Borr

Drilling

Ltd.

136,262

0.1

2,729 

(1)

Bristow

Group,

Inc.

94,669

0.0

6,794 

Cactus,

Inc.

- Class

A

405,398

0.2

7,163 

California

Resources

Corp.

375,843

0.1

1,526 

(1)

Centrus

Energy

Corp.

- Class

A

83,701

0.0

19,918 

ChampionX

Corp.

600,528

0.2

19,331 

(1)

Clean

Energy

Fuels

Corp.

60,119

0.0

15,273 

(1)

CNX

Resources

Corp.

497,442

0.2

9,578 

(2)

Comstock

Resources,

Inc.

106,603

0.1

3,041 

CONSOL

Energy,

Inc.

318,241

0.1

5,143 

Core

Laboratories,

Inc.

95,300

0.0

14,685 

Crescent

Energy

Co.

- Class

A

160,801

0.1

3,576 

CVR

Energy,

Inc.

82,355

0.0

6,566 

Delek

US

Holdings,

Inc.

123,113

0.1

14,016 

DHT

Holdings,

Inc.

154,596

0.1

5,142 

Diversified

Energy

Co.

PLC

58,516

0.0

2,531 

(1)

DMC

Global,

Inc.

32,852

0.0

3,741 

Dorian

LPG

Ltd.

128,765

0.1

19,552 

(1)

Encore

Energy

Corp.

78,990

0.0

19,241 

(1)(2)

Energy

Fuels,

Inc./

Canada

105,633

0.0

1,991 

Excelerate

Energy,

Inc.

- Class

A

43,822

0.0

9,809 

(1)

Expro

Group

Holdings

NV

168,421

0.1

3,314 

(2)

FLEX

LNG

Ltd.

84,308

0.0

10,255 

Golar

LNG

Ltd.

376,974

0.1

6,566 

Granite

Ridge

Resources,

Inc.

39,002

0.0

6,723 

(1)

Green

Plains,

Inc.

91,029

0.0

1,354 

(1)

Gulfport

Energy

Corp.

204,928

0.1

2,932 

(1)

Hallador

Energy

Co.

27,649

0.0

15,076 

(1)

Helix

Energy

Solutions

Group,

Inc.

167,344

0.1

9,961 

Helmerich

&

Payne,

Inc.

303,014

0.1

1,973 

(2)

HighPeak

Energy,

Inc.

27,385

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Energy:

(continued)

4,029 

(1)

Innovex

International,

Inc.

$

59,146

0.0

4,207 

International

Seaways,

Inc.

216,913

0.1

4,074 

Kinetik

Holdings,

Inc.

184,389

0.1

2,295 

Kodiak

Gas

Services,

Inc.

66,555

0.0

48,476 

(1)

Kosmos

Energy

Ltd.

195,358

0.1

16,771 

Liberty

Energy,

Inc.

320,158

0.1

17,886 

Magnolia

Oil

&

Gas

Corp.

- Class

A

436,776

0.2

14,947 

Murphy

Oil

Corp.

504,312

0.2

981 

(1)

Nabors

Industries

Ltd.

63,245

0.0

1,524 

(1)

Natural

Gas

Services

Group,

Inc.

29,124

0.0

9,972 

(1)

Newpark

Resources,

Inc.

69,106

0.0

12,402 

(1)(2)

NextDecade

Corp.

58,413

0.0

14,392 

(2)

Noble

Corp.

PLC

520,127

0.2

22,331 

Nordic

American

Tankers

Ltd.

81,955

0.0

10,286 

Northern

Oil

and

Gas,

Inc.

364,227

0.1

10,477 

(1)

Oceaneering

International,

Inc.

260,563

0.1

8,045 

(1)

Oil

States

International,

Inc.

37,007

0.0

5,919 

(1)

Par

Pacific

Holdings,

Inc.

104,174

0.0

39,883 

Patterson-UTI

Energy,

Inc.

305,105

0.1

10,816 

PBF

Energy,

Inc.

- Class

A

334,755

0.1

13,151 

(2)

Peabody

Energy

Corp.

349,028

0.1

3,197 

(1)(2)

ProFrac

Holding

Corp.

- Class

A

21,708

0.0

9,978 

(1)

ProPetro

Holding

Corp.

76,431

0.0

1,675 

(1)

REX

American

Resources

Corp.

77,536

0.0

1,362 

Riley

Exploration

Permian,

Inc.

36,079

0.0

20,052 

(1)(2)

Ring

Energy,

Inc.

32,083

0.0

9,678 

RPC,

Inc.

61,552

0.0

5,286 

(1)

Sable

Offshore

Corp.

124,908

0.1

4,057 

SandRidge

Energy,

Inc.

49,617

0.0

4,878 

Scorpio

Tankers,

Inc.

347,801

0.1

3,324 

(1)

SEACOR

Marine

Holdings,

Inc.

32,077

0.0

7,060 

(1)

Seadrill

Ltd.

280,564

0.1

10,080 

Select

Water

Solutions,

Inc.

112,190

0.1

12,044 

SFL

Corp.

Ltd.

139,349

0.1

8,465 

Sitio

Royalties

Corp.

- Class

A

176,411

0.1

11,874 

SM

Energy

Co.

474,604

0.2

3,188 

Solaris

Oilfield

Infrastructure,

Inc.

- Class

A

40,679

0.0

15,332 

(1)

Talos

Energy,

Inc.

158,686

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

6

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Energy:

(continued)

6,791 

(1)

Teekay

Corp.

$

62,477

0.0

2,528 

Teekay

Tankers

Ltd.

- Class

A

147,256

0.1

15,497 

(1)

TETRA

Technologies,

Inc.

48,041

0.0

5,089 

(1)

Tidewater,

Inc.

365,339

0.1

74,848 

(1)

Transocean

Ltd.

318,104

0.1

41,587 

(1)

Uranium

Energy

Corp.

258,255

0.1

32,976 

(1)

Ur-Energy,

Inc.

39,241

0.0

11,663 

VAALCO

Energy,

Inc.

66,946

0.0

6,567 

(1)

Valaris

Ltd.

366,110

0.1

2,981 

(1)

Vital

Energy,

Inc.

80,189

0.0

2,902 

Vitesse

Energy,

Inc.

69,706

0.0

13,171 

(2)

W&T

Offshore,

Inc.

28,318

0.0

5,932 

World

Fuel

Services

Corp.

183,358

0.1

14,735,107

5.1

Financials

:

17.3%

2,071 

1st

Source

Corp.

124,011

0.1

1,126 

ACNB

Corp.

49,172

0.0

2,281 

Alerus

Financial

Corp.

52,189

0.0

3,975 

(1)

AlTi

Global,

Inc.

14,866

0.0

2,151 

Amalgamated

Financial

Corp.

67,477

0.0

1,866 

A-Mark

Precious

Metals,

Inc.

82,403

0.0

4,775 

(1)

Ambac

Financial

Group,

Inc.

53,528

0.0

3,371 

Amerant

Bancorp,

Inc.

72,038

0.0

2,899 

(1)

American

Coastal

Insurance

Corp.

32,672

0.0

6,698 

Ameris

Bancorp

417,888

0.2

2,079 

AMERISAFE,

Inc.

100,478

0.0

15,511 

Apollo

Commercial

Real

Estate

Finance,

Inc.

142,546

0.1

19,339 

(2)

Arbor

Realty

Trust,

Inc.

300,915

0.1

6,715 

Ares

Commercial

Real

Estate

Corp.

47,005

0.0

5,117 

ARMOUR

Residential

REIT,

Inc.

104,387

0.0

2,160 

Arrow

Financial

Corp.

61,906

0.0

6,487 

Artisan

Partners

Asset

Management,

Inc.

- Class

A

281,017

0.1

14,919 

Associated

Banc-Corp.

321,355

0.1

9,052 

Atlantic

Union

Bankshares

Corp.

340,989

0.1

17,981 

(1)

AvidXchange

Holdings,

Inc.

145,826

0.1

5,677 

(1)

Axos

Financial,

Inc.

356,970

0.1

2,024 

(2)

B

Riley

Financial,

Inc.

10,626

0.0

14,182 

Banc

of

California,

Inc.

208,901

0.1

2,089 

BancFirst

Corp.

219,867

0.1

3,027 

Banco

Latinoamericano

de

Comercio

Exterior

SA

- Class

E

98,347

0.0

5,183 

(1)

Bancorp,

Inc.

277,290

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

1,164 

(2)

Bank

First

Corp.

$

105,575

0.0

3,983 

Bank

of

Hawaii

Corp.

250,013

0.1

4,852 

Bank

of

NT

Butterfield

&

Son

Ltd.

178,942

0.1

7,554 

BankUnited,

Inc.

275,268

0.1

3,560 

Banner

Corp.

212,034

0.1

2,096 

Bar

Harbor

Bankshares

64,641

0.0

4,764 

Berkshire

Hills

Bancorp,

Inc.

128,295

0.1

38,014 

BGC

Group,

Inc.

- Class

A

348,969

0.1

18,221 

(2)

Blackstone

Mortgage

Trust,

Inc.

- Class

A

346,381

0.1

3,413 

(1)

Blue

Foundry

Bancorp

34,983

0.0

5,183 

Bread

Financial

Holdings,

Inc.

246,607

0.1

3,320 

(1)

Bridgewater

Bancshares,

Inc.

47,044

0.0

2,997 

Brightsphere

Investment

Group,

Inc.

76,124

0.0

15,300 

BrightSpire

Capital,

Inc.

85,680

0.0

9,491 

Brookline

Bancorp,

Inc.

95,764

0.0

6,870 

(1)

BRP

Group,

Inc.

- Class

A

342,126

0.1

20,760 

Burford

Capital

Ltd.

275,278

0.1

1,453 

Burke

&

Herbert

Financial

Services

Corp.

88,618

0.0

3,225 

Business

First

Bancshares,

Inc.

82,786

0.0

3,737 

Byline

Bancorp,

Inc.

100,039

0.0

18,801 

Cadence

Bank

598,812

0.2

1,852 

Camden

National

Corp.

76,525

0.0

5,805 

Cannae

Holdings,

Inc.

110,643

0.0

7,021 

(1)

Cantaloupe,

Inc.

51,955

0.0

1,889 

Capital

City

Bank

Group,

Inc.

66,663

0.0

13,665 

Capitol

Federal

Financial,

Inc.

79,804

0.0

3,071 

(1)

Carter

Bankshares,

Inc.

53,405

0.0

1,653 

Cass

Information

Systems,

Inc.

68,566

0.0

7,100 

Cathay

General

Bancorp

304,945

0.1

3,085 

Central

Pacific

Financial

Corp.

91,038

0.0

8,653 

Chimera

Investment

Corp.

136,977

0.1

761 

ChoiceOne

Financial

Services,

Inc.

23,523

0.0

2,344 

Citizens

&

Northern

Corp.

46,153

0.0

577 

Citizens

Financial

Services,

Inc.

33,899

0.0

1,589 

City

Holding

Co.

186,533

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

7

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

2,518 

Civista

Bancshares,

Inc.

$

44,871

0.0

10,069 

Claros

Mortgage

Trust,

Inc.

75,417

0.0

3,010 

CNB

Financial

Corp.

72,421

0.0

10,842 

CNO

Financial

Group,

Inc.

380,554

0.1

1,362 

(1)

Coastal

Financial

Corp.

73,534

0.0

2,851 

(2)

Cohen

&

Steers,

Inc.

273,553

0.1

3,806 

(1)

Columbia

Financial,

Inc.

64,968

0.0

5,363 

Community

Bank

System,

Inc.

311,429

0.1

1,979 

Community

Trust

Bancorp,

Inc.

98,277

0.0

2,260 

Community

West

Bancshares

43,528

0.0

7,226 

Compass

Diversified

Holdings

159,911

0.1

4,114 

ConnectOne

Bancorp,

Inc.

103,056

0.0

5,165 

(1)

CrossFirst

Bankshares,

Inc.

86,204

0.0

3,074 

(1)

Customers

Bancorp,

Inc.

142,787

0.1

13,472 

CVB

Financial

Corp.

240,071

0.1

321 

Diamond

Hill

Investment

Group,

Inc.

51,877

0.0

3,904 

Dime

Community

Bancshares,

Inc.

112,435

0.0

2,731 

(1)

Donnelley

Financial

Solutions,

Inc.

179,782

0.1

7,609 

Dynex

Capital,

Inc.

97,091

0.0

3,206 

Eagle

Bancorp,

Inc.

72,391

0.0

19,685 

Eastern

Bankshares,

Inc.

322,637

0.1

9,187 

Ellington

Financial,

Inc.

118,420

0.1

2,773 

Employers

Holdings,

Inc.

133,021

0.1

3,388 

Enact

Holdings,

Inc.

123,086

0.1

2,531 

(1)

Encore

Capital

Group,

Inc.

119,640

0.1

2,672 

(1)

Enova

International,

Inc.

223,887

0.1

1,325 

(1)

Enstar

Group

Ltd.

426,107

0.2

1,606 

Enterprise

Bancorp,

Inc.

51,328

0.0

3,930 

Enterprise

Financial

Services

Corp.

201,452

0.1

1,831 

Equity

Bancshares,

Inc.

- Class

A

74,851

0.0

931 

Esquire

Financial

Holdings,

Inc.

60,711

0.0

10,895 

Essent

Group

Ltd.

700,440

0.3

2,038 

F&G

Annuities

&

Life,

Inc.

91,139

0.0

1,672 

Farmers

&

Merchants

Bancorp,

Inc./Archbold

OH

46,231

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

4,906 

Farmers

National

Banc

Corp.

$

74,179

0.0

3,820 

FB

Financial

Corp.

179,273

0.1

959 

Federal

Agricultural

Mortgage

Corp.

- Class

C

179,726

0.1

5,365 

Fidelis

Insurance

Holdings

Ltd.

96,892

0.0

751 

Fidelity

D&D

Bancorp,

Inc.

37,054

0.0

2,038 

Financial

Institutions,

Inc.

51,908

0.0

1,875 

First

Bancorp,

Inc.

49,350

0.0

16,688 

First

BanCorp/Puerto

Rico

353,285

0.1

4,254 

First

Bancorp/Southern

Pines

NC

176,924

0.1

3,242 

First

Bancshares,

Inc.

104,165

0.0

5,772 

First

Busey

Corp.

150,187

0.1

10,704 

First

Commonwealth

Financial

Corp.

183,574

0.1

2,277 

First

Community

Bankshares,

Inc.

98,253

0.0

9,687 

First

Financial

Bancorp

244,403

0.1

13,519 

First

Financial

Bankshares,

Inc.

500,338

0.2

1,541 

First

Financial

Corp.

67,573

0.0

6,170 

First

Foundation,

Inc.

38,501

0.0

8,052 

First

Interstate

BancSystem,

Inc.

- Class

A

247,035

0.1

6,146 

First

Merchants

Corp.

228,631

0.1

2,807 

First

Mid

Bancshares,

Inc.

109,220

0.0

4,059 

FirstCash

Holdings,

Inc.

465,973

0.2

2,086 

Five

Star

Bancorp

62,017

0.0

3,373 

Flushing

Financial

Corp.

49,178

0.0

12,490 

(1)

Flywire

Corp.

204,711

0.1

13,109 

(1)

Forge

Global

Holdings,

Inc.

17,173

0.0

9,915 

Franklin

BSP

Realty

Trust,

Inc.

129,490

0.1

18,514 

Fulton

Financial

Corp.

335,659

0.1

5,594 

GCM

Grosvenor,

Inc.

- Class

A

63,324

0.0

43,682 

(1)

Genworth

Financial,

Inc.

- Class

A

299,222

0.1

3,219 

German

American

Bancorp,

Inc.

124,736

0.1

11,799 

Glacier

Bancorp,

Inc.

539,214

0.2

2,330 

(1)

Goosehead

Insurance,

Inc.

- Class

A

208,069

0.1

1,216 

Great

Southern

Bancorp,

Inc.

69,689

0.0

6,027 

(1)

Green

Dot

Corp.

- Class

A

70,576

0.0

1,001 

Greene

County

Bancorp,

Inc.

30,931

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

8

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

4,168 

(1)

Greenlight

Capital

Re

Ltd.

- Class

A

$

56,893

0.0

4,090 

(1)

Hamilton

Insurance

Group

Ltd.

- Class

B

79,101

0.0

4,010 

Hamilton

Lane,

Inc.

- Class

A

675,244

0.2

8,836 

Hancock

Whitney

Corp.

452,138

0.2

3,508 

Hanmi

Financial

Corp.

65,249

0.0

11,694 

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

403,092

0.1

5,570 

HarborOne

Bancorp,

Inc.

72,299

0.0

853 

HCI

Group,

Inc.

91,322

0.0

4,408 

Heartland

Financial

USA,

Inc.

249,934

0.1

7,443 

Heritage

Commerce

Corp.

73,537

0.0

4,162 

Heritage

Financial

Corp.

90,607

0.0

2,450 

(1)

Heritage

Insurance

Holdings,

Inc.

29,988

0.0

4,702 

Hilltop

Holdings,

Inc.

151,216

0.1

191 

Hingham

Institution

For

Savings

The

46,472

0.0

2,088 

(1)

Hippo

Holdings,

Inc.

35,245

0.0

1,133 

Home

Bancorp,

Inc.

50,509

0.0

19,599 

Home

BancShares,

Inc.

530,937

0.2

2,146 

HomeStreet,

Inc.

33,821

0.0

2,032 

HomeTrust

Bancshares,

Inc.

69,251

0.0

12,201 

Hope

Bancorp,

Inc.

153,245

0.1

4,309 

Horace

Mann

Educators

Corp.

150,600

0.1

5,212 

Horizon

Bancorp,

Inc.

81,047

0.0

4,341 

Independent

Bank

Corp.

256,683

0.1

2,469 

Independent

Bank

Corp.

Michigan

82,341

0.0

3,734 

Independent

Bank

Group,

Inc.

215,302

0.1

5,590 

International

Bancshares

Corp.

334,226

0.1

3,541 

(1)

International

Money

Express,

Inc.

65,473

0.0

4,987 

Invesco

Mortgage

Capital,

Inc.

46,828

0.0

172 

Investors

Title

Co.

39,526

0.0

7,987 

Jackson

Financial,

Inc.

- Class

A

728,654

0.3

4,043 

James

River

Group

Holdings

Ltd.

25,350

0.0

1,797 

John

Marshall

Bancorp,

Inc.

35,545

0.0

6,710 

Kearny

Financial

Corp.

46,098

0.0

6,875 

KKR

Real

Estate

Finance

Trust,

Inc.

84,906

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

12,958 

Ladder

Capital

Corp.

$

150,313

0.1

2,630 

Lakeland

Financial

Corp.

171,266

0.1

5,337 

(1)(2)

Lemonade,

Inc.

88,007

0.0

11,475 

(1)

LendingClub

Corp.

131,159

0.1

1,064 

(1)

LendingTree,

Inc.

61,744

0.0

3,640 

Live

Oak

Bancshares,

Inc.

172,427

0.1

11,114 

(1)

Maiden

Holdings

Ltd.

19,672

0.0

48,159 

(1)

Marqeta,

Inc.

- Class

A

236,942

0.1

6,106 

MBIA,

Inc.

21,798

0.0

1,910 

Mercantile

Bank

Corp.

83,505

0.0

1,868 

Merchants

Bancorp

83,985

0.0

2,802 

Mercury

General

Corp.

176,470

0.1

2,400 

Metrocity

Bankshares,

Inc.

73,488

0.0

1,200 

(1)

Metropolitan

Bank

Holding

Corp.

63,096

0.0

11,285 

MFA

Financial,

Inc.

143,545

0.1

1,966 

Mid

Penn

Bancorp,

Inc.

58,646

0.0

1,173 

Middlefield

Banc

Corp.

33,782

0.0

2,660 

Midland

States

Bancorp,

Inc.

59,531

0.0

1,962 

MidWestOne

Financial

Group,

Inc.

55,976

0.0

7,357 

Moelis

&

Co.

- Class

A

504,028

0.2

946 

(1)

Moneylion,

Inc.

39,306

0.0

6,659 

(1)

Mr

Cooper

Group,

Inc.

613,827

0.2

1,850 

MVB

Financial

Corp.

35,816

0.0

3,892 

National

Bank

Holdings

Corp.

- Class

A

163,853

0.1

8,284 

Navient

Corp.

129,148

0.1

4,244 

(1)

NB

Bancorp,

Inc.

78,769

0.0

4,840 

NBT

Bancorp,

Inc.

214,073

0.1

1,540 

Nelnet,

Inc.

- Class

A

174,451

0.1

4,393 

(1)

NerdWallet,

Inc.

- Class

A

55,835

0.0

26,509 

New

York

Community

Bancorp,

Inc.

297,696

0.1

11,343 

New

York

Mortgage

Trust,

Inc.

71,801

0.0

2,946 

NewtekOne,

Inc.

36,707

0.0

1,477 

Nicolet

Bankshares,

Inc.

141,245

0.1

8,170 

(1)

NMI

Holdings,

Inc.

- Class

A

336,522

0.1

877 

Northeast

Bank

67,643

0.0

4,609 

Northfield

Bancorp,

Inc.

53,464

0.0

705 

Northrim

BanCorp,

Inc.

50,210

0.0

13,121 

Northwest

Bancshares,

Inc.

175,559

0.1

1,255 

Norwood

Financial

Corp.

34,613

0.0

6,284 

OceanFirst

Financial

Corp.

116,820

0.1

4,862 

OFG

Bancorp

218,401

0.1

32,499 

Old

National

Bancorp

606,431

0.2

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

9

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

5,221 

Old

Second

Bancorp,

Inc.

$

81,395

0.0

11,324 

(1)

Open

Lending

Corp.

69,303

0.0

686 

Orange

County

Bancorp,

Inc.

41,380

0.0

7,169 

Orchid

Island

Capital,

Inc.

58,929

0.0

3,361 

Origin

Bancorp,

Inc.

108,090

0.0

2,080 

Orrstown

Financial

Services,

Inc.

74,797

0.0

20,230 

(1)

Oscar

Health,

Inc.

- Class

A

429,078

0.2

4,585 

P10,

Inc.

- Class

A

49,105

0.0

9,805 

Pacific

Premier

Bancorp,

Inc.

246,694

0.1

19,627 

(1)

Pagseguro

Digital

Ltd.

- Class

A

168,988

0.1

2,542 

(1)

Palomar

Holdings,

Inc.

240,651

0.1

1,506 

Park

National

Corp.

252,978

0.1

2,628 

Pathward

Financial,

Inc.

173,474

0.1

6,027 

Patria

Investments

Ltd.

- Class

A

67,322

0.0

29,495 

(1)

Payoneer

Global,

Inc.

222,097

0.1

3,427 

(1)

Paysafe

Ltd.

76,868

0.0

2,045 

Peapack-Gladstone

Financial

Corp.

56,053

0.0

2,792 

PennyMac

Financial

Services,

Inc.

318,204

0.1

9,503 

PennyMac

Mortgage

Investment

Trust

135,513

0.1

3,943 

Peoples

Bancorp,

Inc.

118,645

0.1

1,200 

Peoples

Financial

Services

Corp.

56,256

0.0

5,585 

Perella

Weinberg

Partners

107,846

0.0

1,801 

Piper

Sandler

Cos.

511,142

0.2

2,469 

PJT

Partners,

Inc.

- Class

A

329,216

0.1

892 

Plumas

Bancorp

36,376

0.0

4,142 

(1)

PRA

Group,

Inc.

92,615

0.0

1,354 

Preferred

Bank/Los

Angeles

CA

108,658

0.0

4,069 

Premier

Financial

Corp.

95,540

0.0

2,493 

(1)

Priority

Technology

Holdings,

Inc.

17,027

0.0

5,681 

(1)

ProAssurance

Corp.

85,442

0.0

4,331 

PROG

Holdings,

Inc.

210,010

0.1

12,876 

Provident

Financial

Services,

Inc.

238,979

0.1

1,846 

QCR

Holdings,

Inc.

136,659

0.1

15,827 

Radian

Group,

Inc.

549,039

0.2

17,541 

(2)

Ready

Capital

Corp.

133,838

0.1

832 

Red

River

Bancshares,

Inc.

43,264

0.0

14,731 

Redwood

Trust,

Inc.

113,871

0.0

1,070 

Regional

Management

Corp.

35,000

0.0

15,214 

(1)

Remitly

Global,

Inc.

203,715

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

6,090 

Renasant

Corp.

$

197,925

0.1

1,203 

Republic

Bancorp,

Inc.

- Class

A

78,556

0.0

957 

(1)

Root,

Inc.

- Class

A

36,155

0.0

4,100 

S&T

Bancorp,

Inc.

172,077

0.1

1,641 

Safety

Insurance

Group,

Inc.

134,201

0.1

4,614 

Sandy

Spring

Bancorp,

Inc.

144,741

0.1

8,731 

Seacoast

Banking

Corp.

of

Florida

232,681

0.1

6,372 

Selective

Insurance

Group,

Inc.

594,508

0.2

15,211 

(1)

Selectquote,

Inc.

33,008

0.0

5,241 

ServisFirst

Bancshares,

Inc.

421,638

0.2

242 

(1)

Sezzle,

Inc.

41,283

0.0

12,676 

Simmons

First

National

Corp.

- Class

A

273,041

0.1

10,468 

(1)

SiriusPoint

Ltd.

150,111

0.1

3,904 

(1)

Skyward

Specialty

Insurance

Group,

Inc.

159,010

0.1

2,343 

SmartFinancial,

Inc.

68,275

0.0

1,795 

South

Plains

Financial,

Inc.

60,886

0.0

1,270 

(1)

Southern

First

Bancshares,

Inc.

43,282

0.0

1,225 

Southern

Missouri

Bancorp,

Inc.

69,200

0.0

3,284 

Southside

Bancshares,

Inc.

109,784

0.0

7,903 

SouthState

Corp.

768,014

0.3

5,495 

Stellar

Bancorp,

Inc.

142,266

0.1

6,555 

StepStone

Group,

Inc.

- Class

A

372,521

0.1

2,796 

Stewart

Information

Services

Corp.

208,973

0.1

2,754 

Stock

Yards

Bancorp,

Inc.

170,720

0.1

29,868 

(1)

StoneCo

Ltd.

- Class

A

336,314

0.1

2,840 

(1)

StoneX

Group,

Inc.

232,539

0.1

4,734 

(1)

Texas

Capital

Bancshares,

Inc.

338,292

0.1

1,867 

(1)

Third

Coast

Bancshares,

Inc.

49,980

0.0

2,964 

Tiptree,

Inc.

58,005

0.0

1,522 

Tompkins

Financial

Corp.

87,956

0.0

7,290 

Towne

Bank/

Portsmouth

VA

241,007

0.1

6,611 

TPG

RE

Finance

Trust,

Inc.

56,392

0.0

3,521 

TriCo

Bancshares

150,171

0.1

2,285 

(1)

Triumph

Financial,

Inc.

181,749

0.1

3,412 

(1)

Trupanion,

Inc.

143,236

0.1

2,369 

TrustCo

Bank

Corp.

NY

78,343

0.0

6,345 

Trustmark

Corp.

201,898

0.1

11,260 

Two

Harbors

Investment

Corp.

156,289

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

10

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Financials:

(continued)

4,639 

UMB

Financial

Corp.

$

487,605

0.2

13,617 

United

Bankshares,

Inc.

505,191

0.2

12,167 

United

Community

Banks,

Inc.

353,816

0.1

2,604 

United

Fire

Group,

Inc.

54,502

0.0

2,825 

Universal

Insurance

Holdings,

Inc.

62,602

0.0

3,544 

Univest

Financial

Corp.

99,728

0.0

8,059 

(1)(2)

Upstart

Holdings,

Inc.

322,441

0.1

44,539 

Valley

National

Bancorp

403,523

0.1

5,533 

Veritex

Holdings,

Inc.

145,629

0.1

4,259 

Victory

Capital

Holdings,

Inc.

- Class

A

235,949

0.1

701 

Virtus

Investment

Partners,

Inc.

146,824

0.1

3,320 

Walker

&

Dunlop,

Inc.

377,119

0.1

6,808 

Washington

Federal,

Inc.

237,259

0.1

2,066 

Washington

Trust

Bancorp,

Inc.

66,546

0.0

2,477 

Waterstone

Financial,

Inc.

36,412

0.0

6,009 

WesBanco,

Inc.

178,948

0.1

2,316 

West

BanCorp,

Inc.

44,027

0.0

2,773 

Westamerica

BanCorp

137,042

0.1

14,609 

WisdomTree,

Inc.

145,944

0.1

422 

(1)

World

Acceptance

Corp.

49,788

0.0

6,064 

WSFS

Financial

Corp.

309,203

0.1

49,710,248

17.3

Health

Care

:

17.0%

5,156 

(1)

2seventy

bio,

Inc.

24,336

0.0

5,310 

(1)

4D

Molecular

Therapeutics,

Inc.

57,401

0.0

8,808 

(1)

89bio,

Inc.

65,179

0.0

8,310 

(1)

Absci

Corp.

31,744

0.0

12,291 

(1)

ACADIA

Pharmaceuticals,

Inc.

189,036

0.1

8,584 

(1)

Accolade,

Inc.

33,048

0.0

10,854 

(1)

Accuray,

Inc.

19,537

0.0

8,170 

(1)

ACELYRIN,

Inc.

40,278

0.0

4,947 

(1)

Achieve

Life

Sciences,

Inc.

23,449

0.0

10,620 

(1)

AdaptHealth

Corp.

119,263

0.1

12,857 

(1)

Adaptive

Biotechnologies

Corp.

65,828

0.0

9,122 

(1)

ADC

Therapeutics

SA

28,734

0.0

1,790 

(1)

Addus

HomeCare

Corp.

238,124

0.1

23,317 

(1)

ADMA

Biologics,

Inc.

466,107

0.2

2,302 

(1)

Adverum

Biotechnologies,

Inc.

16,160

0.0

2,173 

(1)

Agenus,

Inc.

11,908

0.0

32,167 

(1)

agilon

health,

Inc.

126,416

0.1

5,796 

(1)

Agios

Pharmaceuticals,

Inc.

257,516

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

21,849 

(1)

Akebia

Therapeutics,

Inc.

$

28,841

0.0

6,969 

(1)

Akero

Therapeutics,

Inc.

199,941

0.1

5,332 

(1)

Aldeyra

Therapeutics,

Inc.

28,739

0.0

9,043 

(1)

Alector,

Inc.

42,140

0.0

10,588 

(1)

Alignment

Healthcare,

Inc.

125,150

0.1

17,018 

(1)

Alkermes

PLC

476,334

0.2

13,154 

(1)(2)

Allogene

Therapeutics,

Inc.

36,831

0.0

10,836 

(1)

Alphatec

Holdings,

Inc.

60,248

0.0

7,556 

(1)

Altimmune,

Inc.

46,394

0.0

2,279 

(1)

Alto

Neuroscience,

Inc.

26,072

0.0

5,151 

(1)

ALX

Oncology

Holdings,

Inc.

9,375

0.0

30,227 

(1)

Amicus

Therapeutics,

Inc.

322,824

0.1

3,924 

(1)

AMN

Healthcare

Services,

Inc.

166,338

0.1

16,463 

(1)

Amneal

Pharmaceuticals,

Inc.

136,972

0.1

3,966 

(1)

Amphastar

Pharmaceuticals,

Inc.

192,470

0.1

2,135 

(1)

AnaptysBio,

Inc.

71,523

0.0

8,170 

(1)(2)

Anavex

Life

Sciences

Corp.

46,406

0.0

4,605 

(1)

AngioDynamics,

Inc.

35,827

0.0

1,944 

(1)

ANI

Pharmaceuticals,

Inc.

115,979

0.1

1,806 

(1)

Anika

Therapeutics,

Inc.

44,608

0.0

9,740 

(1)

Annexon,

Inc.

57,661

0.0

3,923 

(1)

Apogee

Therapeutics,

Inc.

230,437

0.1

4,450 

(1)

Apollo

Medical

Holdings,

Inc.

257,833

0.1

10,189 

(1)

Applied

Therapeutics,

Inc.

86,607

0.0

7,856 

(1)(2)

Aquestive

Therapeutics,

Inc.

39,123

0.0

15,662 

(1)

Arbutus

Biopharma

Corp.

60,299

0.0

4,464 

(1)

Arcellx,

Inc.

372,789

0.1

2,480 

(1)

Arcturus

Therapeutics

Holdings,

Inc.

57,561

0.0

5,753 

(1)

Arcus

Biosciences,

Inc.

87,963

0.0

10,982 

(1)

Arcutis

Biotherapeutics,

Inc.

102,133

0.0

23,961 

(1)

Ardelyx,

Inc.

165,091

0.1

2,792 

(1)

ArriVent

Biopharma,

Inc.

65,612

0.0

12,253 

(1)

Arrowhead

Pharmaceuticals,

Inc.

237,341

0.1

5,331 

(1)(2)

ARS

Pharmaceuticals,

Inc.

77,299

0.0

1,436 

(1)

Artiva

Biotherapeutics,

Inc.

22,186

0.0

4,190 

(1)

Artivion,

Inc.

111,538

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

11

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

6,590 

(1)

Arvinas,

Inc.

$

162,312

0.1

4,951 

(1)

Astria

Therapeutics,

Inc.

54,511

0.0

10,160 

(1)

Atea

Pharmaceuticals,

Inc.

34,036

0.0

14,617 

(1)

Atossa

Therapeutics,

Inc.

22,218

0.0

4,910 

(1)

AtriCure,

Inc.

137,676

0.1

5,231 

(1)

Aura

Biosciences,

Inc.

46,608

0.0

14,404 

(1)

Aurinia

Pharmaceuticals,

Inc.

105,581

0.0

9,584 

(1)

Avadel

Pharmaceuticals

PLC

125,694

0.1

4,896 

(1)

Avanos

Medical,

Inc.

117,651

0.1

5,705 

(1)

Aveanna

Healthcare

Holdings,

Inc.

29,666

0.0

6,706 

(1)

Avid

Bioservices,

Inc.

76,314

0.0

11,223 

(1)

Avidity

Biosciences,

Inc.

515,472

0.2

2,778 

(1)

Avita

Medical,

Inc.

29,780

0.0

4,529 

(1)

Axogen,

Inc.

63,497

0.0

5,338 

(1)

Axonics,

Inc.

371,525

0.1

3,753 

(1)

Axsome

Therapeutics,

Inc.

337,282

0.1

7,839 

(1)

Beam

Therapeutics,

Inc.

192,055

0.1

21,319 

(1)

BioCryst

Pharmaceuticals,

Inc.

162,024

0.1

7,790 

(1)

Biohaven

Ltd.

389,266

0.1

3,735 

(1)

BioLife

Solutions,

Inc.

93,524

0.0

2,834 

(1)

Biomea

Fusion,

Inc.

28,623

0.0

3,159 

(1)

Biote

Corp.

- Class

A

17,627

0.0

4,196 

(1)

Bioventus,

Inc.

- Class

A

50,142

0.0

4,600 

(1)

Black

Diamond

Therapeutics,

Inc.

20,010

0.0

20,880 

(1)

Bluebird

Bio,

Inc.

10,847

0.0

6,546 

(1)

Blueprint

Medicines

Corp.

605,505

0.2

14,615 

(1)

Bridgebio

Pharma,

Inc.

372,098

0.1

5,741 

(1)

BrightSpring

Health

Services,

Inc.

84,278

0.0

20,046 

(1)

Brookdale

Senior

Living,

Inc.

136,112

0.1

6,351 

(1)

C4

Therapeutics,

Inc.

36,201

0.0

5,143 

(1)(2)

Cabaletta

Bio,

Inc.

24,275

0.0

2,128 

(1)

Candel

Therapeutics,

Inc.

14,747

0.0

5,331 

(1)

Cardiff

Oncology,

Inc.

14,234

0.0

5,198 

(1)

CareDx,

Inc.

162,308

0.1

3,457 

(1)(2)

Cargo

Therapeutics,

Inc.

63,782

0.0

8,602 

(1)

Caribou

Biosciences,

Inc.

16,860

0.0

802 

(1)(2)

Cartesian

Therapeutics,

Inc.

12,928

0.0

4,239 

(1)(2)

Cassava

Sciences,

Inc.

124,754

0.1

2,747 

(1)

Castle

Biosciences,

Inc.

78,344

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

11,495 

(1)

Catalyst

Pharmaceuticals,

Inc.

$

228,521

0.1

2,670 

(1)

Celcuity,

Inc.

39,810

0.0

6,652 

(1)

Celldex

Therapeutics,

Inc.

226,101

0.1

5,534 

(1)

Century

Therapeutics,

Inc.

9,463

0.0

20,635 

(1)

Cerus

Corp.

35,905

0.0

632 

(1)

CervoMed,

Inc.

9,227

0.0

4,918 

(1)

CG

oncology,

Inc.

185,556

0.1

5,963 

(1)

ChromaDex

Corp.

21,765

0.0

2,481 

(1)

Cibus,

Inc.

8,088

0.0

7,656 

(1)

Codexis,

Inc.

23,580

0.0

9,591 

(1)

Cogent

Biosciences,

Inc.

103,583

0.0

11,813 

(1)

Coherus

Biosciences,

Inc.

12,286

0.0

3,397 

(1)

Collegium

Pharmaceutical,

Inc.

131,260

0.1

13,502 

(1)

Community

Health

Systems,

Inc.

81,957

0.0

11,486 

(1)

Compass

Therapeutics,

Inc.

21,134

0.0

2,346 

(1)

Concentra

Group

Holdings

Parent,

Inc.

52,457

0.0

3,165 

CONMED

Corp.

227,627

0.1

800 

(1)

Contineum

Therapeutics,

Inc.

- Class

A

15,312

0.0

1,190 

(1)

Corbus

Pharmaceuticals

Holdings,

Inc.

24,550

0.0

8,405 

(1)

Corcept

Therapeutics,

Inc.

388,983

0.1

5,865 

(1)(2)

CorMedix,

Inc.

47,389

0.0

920 

(1)

CorVel

Corp.

300,739

0.1

8,031 

(1)

Crinetics

Pharmaceuticals,

Inc.

410,384

0.2

3,839 

(1)

Cross

Country

Healthcare,

Inc.

51,596

0.0

4,869 

(1)

CryoPort,

Inc.

39,488

0.0

5,247 

(1)

Cullinan

Oncology,

Inc.

87,835

0.0

1,474 

(1)

CVRx,

Inc.

12,986

0.0

13,246 

(1)

Cytek

Biosciences,

Inc.

73,383

0.0

11,957 

(1)

Cytokinetics,

Inc.

631,330

0.2

5,557 

(1)

Day

One

Biopharmaceuticals,

Inc.

77,409

0.0

6,422 

(1)

Definitive

Healthcare

Corp.

28,706

0.0

12,850 

(1)

Denali

Therapeutics,

Inc.

374,320

0.1

3,322 

(1)

Design

Therapeutics,

Inc.

17,872

0.0

2,542 

(1)(2)

Dianthus

Therapeutics,

Inc.

69,600

0.0

2,006 

(1)

Disc

Medicine,

Inc.

98,575

0.0

11,625 

(1)

DocGo,

Inc.

38,595

0.0

13,640 

(1)

Dynavax

Technologies

Corp.

151,950

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

12

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

8,348 

(1)

Dyne

Therapeutics,

Inc.

$

299,860

0.1

7,511 

(1)

Edgewise

Therapeutics,

Inc.

200,469

0.1

9,356 

(1)

Editas

Medicine,

Inc.

31,904

0.0

3,304 

(1)

Eliem

Therapeutics,

Inc.

16,817

0.0

6,203 

Embecta

Corp.

87,462

0.0

2,579 

(1)

Enanta

Pharmaceuticals,

Inc.

26,718

0.0

5,591 

(1)

Enhabit,

Inc.

44,169

0.0

3,751 

(1)

Enliven

Therapeutics,

Inc.

95,801

0.0

5,789 

Ensign

Group,

Inc.

832,574

0.3

2,812 

(1)

Entrada

Therapeutics,

Inc.

44,936

0.0

17,812 

(1)

Erasca,

Inc.

48,627

0.0

20,863 

(1)

Esperion

Therapeutics,

Inc.

34,424

0.0

12,021 

(1)

Evolent

Health,

Inc.

- Class

A

339,954

0.1

5,864 

(1)

Evolus,

Inc.

94,997

0.0

5,422 

(1)

EyePoint

Pharmaceuticals,

Inc.

43,322

0.0

11,006 

(1)

Fate

Therapeutics,

Inc.

38,521

0.0

2,709 

(1)

Foghorn

Therapeutics,

Inc.

25,221

0.0

7,421 

(1)

Fulcrum

Therapeutics,

Inc.

26,493

0.0

2,394 

(1)

Fulgent

Genetics,

Inc.

52,022

0.0

1,303 

(1)

GeneDx

Holdings

Corp.

55,299

0.0

5,510 

(1)

Generation

Bio

Co.

13,610

0.0

60,312 

(1)

Geron

Corp.

273,816

0.1

5,106 

(1)

Glaukos

Corp.

665,210

0.2

12,265 

(1)

Guardant

Health,

Inc.

281,359

0.1

941 

(1)

Gyre

Therapeutics,

Inc.

11,800

0.0

5,211 

(1)

Haemonetics

Corp.

418,860

0.2

13,025 

(1)

Halozyme

Therapeutics,

Inc.

745,551

0.3

3,141 

(1)

Harmony

Biosciences

Holdings,

Inc.

125,640

0.1

3,182 

(1)

Harrow,

Inc.

143,063

0.1

6,620 

(1)

Health

Catalyst,

Inc.

53,887

0.0

8,845 

(1)

HealthEquity,

Inc.

723,963

0.3

2,792 

HealthStream,

Inc.

80,521

0.0

13,541 

(1)

Heron

Therapeutics,

Inc.

26,947

0.0

19,763 

(1)

Hims

&

Hers

Health,

Inc.

364,034

0.1

9,538 

(1)

Humacyte,

Inc.

51,887

0.0

2,221 

(1)

ICU

Medical,

Inc.

404,711

0.2

8,516 

(1)

Ideaya

Biosciences,

Inc.

269,787

0.1

1,591 

(1)(2)

IGM

Biosciences,

Inc.

26,315

0.0

15,033 

(1)(2)

ImmunityBio,

Inc.

55,923

0.0

5,435 

(1)(2)

Immunome,

Inc.

79,460

0.0

5,961 

(1)

Immunovant,

Inc.

169,948

0.1

5,470 

(1)

Inari

Medical,

Inc.

225,583

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

1,382 

(1)

Inhibrx

Biosciences,

Inc.

$

21,642

0.0

8,168 

(1)

Inmode

Ltd.

138,448

0.1

5,777 

(1)

Innoviva,

Inc.

111,554

0.1

2,537 

(1)

Inogen,

Inc.

24,609

0.0

3,176 

(1)

Inovio

Pharmaceuticals,

Inc.

18,357

0.0

6,435 

(1)

Inozyme

Pharma,

Inc.

33,655

0.0

16,398 

(1)

Insmed,

Inc.

1,197,054

0.4

3,454 

(1)

Integer

Holdings

Corp.

449,020

0.2

7,045 

(1)

Integra

LifeSciences

Holdings

Corp.

128,008

0.1

9,807 

(1)

Intellia

Therapeutics,

Inc.

201,534

0.1

11,054 

(1)

Invivyd,

Inc.

11,275

0.0

26,216 

(1)

Iovance

Biotherapeutics,

Inc.

246,168

0.1

1,014 

iRadimed

Corp.

50,994

0.0

3,225 

(1)

iRhythm

Technologies,

Inc.

239,424

0.1

15,477 

(1)

Ironwood

Pharmaceuticals,

Inc.

63,765

0.0

3,025 

(1)

iTeos

Therapeutics,

Inc.

30,885

0.0

2,887 

(1)

Janux

Therapeutics,

Inc.

131,156

0.1

1,182 

(1)

Jasper

Therapeutics,

Inc.

22,233

0.0

1,684 

(1)

Joint

Corp.

19,265

0.0

4,389 

(1)(2)

KalVista

Pharmaceuticals,

Inc.

50,825

0.0

3,029 

(1)

Keros

Therapeutics,

Inc.

175,894

0.1

3,925 

(1)

Kiniksa

Pharmaceuticals

International

PLC

98,086

0.0

636 

(1)

Korro

Bio,

Inc.

21,255

0.0

2,576 

(1)

Krystal

Biotech,

Inc.

468,909

0.2

7,481 

(1)

Kura

Oncology,

Inc.

146,179

0.1

4,573 

(1)

Kymera

Therapeutics,

Inc.

216,440

0.1

1,850 

(1)

Kyverna

Therapeutics,

Inc.

9,046

0.0

7,212 

(1)

Lantheus

Holdings,

Inc.

791,517

0.3

4,758 

(1)

Larimar

Therapeutics,

Inc.

31,165

0.0

2,091 

LeMaitre

Vascular,

Inc.

194,233

0.1

1,472 

(2)

LENZ

Therapeutics,

Inc.

34,945

0.0

2,531 

(1)

Lexeo

Therapeutics,

Inc.

22,880

0.0

11,823 

(1)

Lexicon

Pharmaceuticals,

Inc.

18,562

0.0

3,068 

(1)

Lifecore

Biomedical,

Inc.

15,125

0.0

3,807 

(1)

LifeMD,

Inc.

19,949

0.0

14,399 

(1)

LifeStance

Health

Group,

Inc.

100,793

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

13

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

1,758 

(1)

Ligand

Pharmaceuticals,

Inc.

$

175,958

0.1

17,951 

(1)

Lineage

Cell

Therapeutics,

Inc.

16,251

0.0

6,191 

(1)

Liquidia

Corp.

61,910

0.0

5,630 

(1)

LivaNova

PLC

295,800

0.1

3,369 

(1)

Longboard

Pharmaceuticals,

Inc.

112,289

0.1

16,660 

(1)

Lyell

Immunopharma,

Inc.

22,991

0.0

6,585 

(1)

MacroGenics,

Inc.

21,665

0.0

1,824 

(1)

Madrigal

Pharmaceuticals,

Inc.

387,089

0.1

27,431 

(1)

MannKind

Corp.

172,541

0.1

11,620 

(1)

Maravai

LifeSciences

Holdings,

Inc.

- Class

A

96,562

0.0

11,850 

(1)

MaxCyte,

Inc.

46,096

0.0

5,505 

(1)

MeiraGTx

Holdings

PLC

22,956

0.0

5,960 

(1)

Merit

Medical

Systems,

Inc.

589,027

0.2

12,234 

(1)

Mersana

Therapeutics,

Inc.

23,122

0.0

564 

Mesa

Laboratories,

Inc.

73,241

0.0

12,701 

(1)

MiMedx

Group,

Inc.

75,063

0.0

7,922 

(1)

Mind

Medicine

MindMed,

Inc.

45,076

0.0

3,234 

(1)

Mineralys

Therapeutics,

Inc.

39,164

0.0

4,068 

(1)

Mirum

Pharmaceuticals,

Inc.

158,652

0.1

1,429 

(1)

ModivCare,

Inc.

20,406

0.0

4,524 

(1)

Monte

Rosa

Therapeutics,

Inc.

23,977

0.0

9,178 

(1)

Myriad

Genetics,

Inc.

251,385

0.1

6,073 

(1)(2)

Nano-X

Imaging

Ltd.

36,924

0.0

1,334 

National

HealthCare

Corp.

167,777

0.1

1,945 

National

Research

Corp.

44,463

0.0

18,651 

(1)

Nektar

Therapeutics

24,246

0.0

22,627 

(1)

Neogen

Corp.

380,360

0.1

13,153 

(1)

NeoGenomics,

Inc.

194,007

0.1

8,776 

(1)

Neumora

Therapeutics,

Inc.

115,931

0.1

1,141 

(1)

Neurogene,

Inc.

47,876

0.0

3,959 

(1)

Nevro

Corp.

22,131

0.0

5,453 

(1)(2)

Nkarta,

Inc.

24,648

0.0

14,670 

(1)

Novavax,

Inc.

185,282

0.1

10,977 

(1)

Novocure

Ltd.

171,571

0.1

6,572 

(1)

Nurix

Therapeutics,

Inc.

147,673

0.1

3,610 

(1)

Nuvalent,

Inc.

- Class

A

369,303

0.1

19,807 

(1)

Nuvation

Bio,

Inc.

45,358

0.0

29,011 

(1)

Ocugen,

Inc.

28,785

0.0

16,048 

(1)

Ocular

Therapeutix,

Inc.

139,618

0.1

4,355 

(1)

Olema

Pharmaceuticals,

Inc.

51,999

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

6,013 

(1)

Omeros

Corp.

$

23,872

0.0

11,146 

(1)

OmniAb,

Inc.

47,148

0.0

4,690 

(1)

Omnicell,

Inc.

204,484

0.1

36,072 

(1)(2)

OPKO

Health,

Inc.

53,747

0.0

2,502 

(1)

OptimizeRx

Corp.

19,315

0.0

17,887 

(1)

Option

Care

Health,

Inc.

559,863

0.2

8,755 

(1)

OraSure

Technologies,

Inc.

37,384

0.0

2,581 

(1)

Orchestra

BioMed

Holdings,

Inc.

13,266

0.0

7,950 

(1)

Organogenesis

Holdings,

Inc.

22,737

0.0

6,594 

(1)

ORIC

Pharmaceuticals,

Inc.

67,589

0.0

3,736 

(1)

Orthofix

Medical,

Inc.

58,356

0.0

1,851 

(1)

OrthoPediatrics

Corp.

50,181

0.0

1,482 

(1)

Outlook

Therapeutics,

Inc.

7,914

0.0

7,869 

(1)

Owens

&

Minor,

Inc.

123,465

0.1

29,819 

(1)

Pacific

Biosciences

of

California,

Inc.

50,692

0.0

4,838 

(1)

Pacira

BioSciences,

Inc.

72,812

0.0

4,070 

(1)

PACS

Group,

Inc.

162,678

0.1

5,316 

(1)(2)

Paragon

28,

Inc.

35,511

0.0

8,205 

Patterson

Cos.,

Inc.

179,197

0.1

9,054 

(1)

Pediatrix

Medical

Group,

Inc.

104,936

0.0

3,161 

(1)

Pennant

Group,

Inc.

112,848

0.1

1,723 

(1)

PepGen,

Inc.

14,732

0.0

5,531 

(1)

Perspective

Therapeutics,

Inc.

73,839

0.0

2,875 

(1)

PetIQ,

Inc.

88,464

0.0

3,671 

(1)

Phathom

Pharmaceuticals,

Inc.

66,372

0.0

2,412 

Phibro

Animal

Health

Corp.

- Class

A

54,318

0.0

5,680 

(1)

Phreesia,

Inc.

129,447

0.1

6,176 

(1)

Pliant

Therapeutics,

Inc.

69,233

0.0

8,198 

(1)

Poseida

Therapeutics,

Inc.

23,446

0.0

1,798 

(1)

Praxis

Precision

Medicines,

Inc.

103,457

0.0

18,145 

(1)

Precigen,

Inc.

17,185

0.0

5,043 

(1)

Prestige

Consumer

Healthcare,

Inc.

363,600

0.1

6,092 

(1)(2)

Prime

Medicine,

Inc.

23,576

0.0

10,539 

(1)

Privia

Health

Group,

Inc.

191,915

0.1

4,391 

(1)

PROCEPT

BioRobotics

Corp.

351,807

0.1

8,757 

(1)

Progyny,

Inc.

146,767

0.1

11,647 

(1)

ProKidney

Corp.

22,362

0.0

6,031 

(1)

Protagonist

Therapeutics,

Inc.

271,395

0.1

4,444 

(1)

Prothena

Corp.

PLC

74,348

0.0

7,845 

(1)

PTC

Therapeutics,

Inc.

291,049

0.1

4,396 

(1)

Pulmonx

Corp.

36,443

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

14

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

1,873 

(1)

Pulse

Biosciences,

Inc.

$

32,852

0.0

4,925 

(1)

Puma

Biotechnology,

Inc.

12,559

0.0

5,449 

(1)

Pyxis

Oncology,

Inc.

19,998

0.0

648 

(1)

Q32

Bio,

Inc.

28,914

0.0

3,957 

(1)

Quanterix

Corp.

51,283

0.0

13,615 

(1)

Quantum-Si,

Inc.

12,011

0.0

6,872 

(1)

RadNet,

Inc.

476,848

0.2

944 

(1)

Rapport

Therapeutics,

Inc.

19,333

0.0

24,697 

(1)(2)

Recursion

Pharmaceuticals,

Inc.

- Class

A

162,753

0.1

5,063 

(1)

REGENXBIO,

Inc.

53,111

0.0

10,668 

(1)

Relay

Therapeutics,

Inc.

75,529

0.0

6,178 

(1)

Replimune

Group,

Inc.

67,711

0.0

11,138 

(1)

Revance

Therapeutics,

Inc.

57,806

0.0

15,879 

(1)

Revolution

Medicines,

Inc.

720,113

0.3

5,640 

(1)

Rhythm

Pharmaceuticals,

Inc.

295,480

0.1

2,018 

(1)

Rigel

Pharmaceuticals,

Inc.

32,651

0.0

6,802 

(1)

Rocket

Pharmaceuticals,

Inc.

125,633

0.1

3,704 

(1)

RxSight,

Inc.

183,089

0.1

5,938 

(1)

Sage

Therapeutics,

Inc.

42,872

0.0

14,147 

(1)

Sana

Biotechnology,

Inc.

58,852

0.0

11,076 

(1)

Savara,

Inc.

46,962

0.0

7,412 

(1)

Scholar

Rock

Holding

Corp.

59,370

0.0

5,779 

(1)

Schrodinger,

Inc./

United

States

107,200

0.0

3,638 

(1)

scPharmaceuticals,

Inc.

16,589

0.0

11,233 

Select

Medical

Holdings

Corp.

391,695

0.1

512 

(1)

Semler

Scientific,

Inc.

12,058

0.0

3,042 

(1)

Sera

Prognostics,

Inc.

- Class

A

23,728

0.0

4,268 

(1)

Shattuck

Labs,

Inc.

14,895

0.0

4,475 

(1)

SI-BONE,

Inc.

62,560

0.0

5,257 

SIGA

Technologies,

Inc.

35,485

0.0

3,658 

(1)

Sight

Sciences,

Inc.

23,045

0.0

1,758 

Simulations

Plus,

Inc.

56,291

0.0

1,872 

(1)

Skye

Bioscience,

Inc.

7,320

0.0

2,352 

(1)

Soleno

Therapeutics,

Inc.

118,752

0.1

2,347 

(1)

Solid

Biosciences,

Inc.

16,359

0.0

7,057 

(1)

SpringWorks

Therapeutics,

Inc.

226,106

0.1

3,606 

(1)

Spyre

Therapeutics,

Inc.

106,052

0.0

5,109 

(1)

STAAR

Surgical

Co.

189,799

0.1

32,643 

(1)

Standard

BioTools,

Inc.

63,001

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

3,855 

(1)

Stoke

Therapeutics,

Inc.

$

47,378

0.0

9,085 

(1)

Summit

Therapeutics,

Inc.

198,961

0.1

5,168 

(1)

Supernus

Pharmaceuticals,

Inc.

161,138

0.1

7,915 

(1)

Surgery

Partners,

Inc.

255,180

0.1

1,446 

(1)

Surmodics,

Inc.

56,076

0.0

9,176 

(1)

Sutro

Biopharma,

Inc.

31,749

0.0

8,434 

(1)

Syndax

Pharmaceuticals,

Inc.

162,355

0.1

2,781 

(1)

Tactile

Systems

Technology,

Inc.

40,630

0.0

15,373 

(1)

Talkspace,

Inc.

32,130

0.0

6,729 

(1)

Tandem

Diabetes

Care,

Inc.

285,377

0.1

5,379 

(1)

Tango

Therapeutics,

Inc.

41,418

0.0

3,811 

(1)

Tarsus

Pharmaceuticals,

Inc.

125,344

0.1

18,759 

(1)

Taysha

Gene

Therapies,

Inc.

37,706

0.0

17,255 

(1)

Teladoc

Health,

Inc.

158,401

0.1

6,206 

(1)

Tenaya

Therapeutics,

Inc.

11,978

0.0

6,223 

(1)

Terns

Pharmaceuticals,

Inc.

51,900

0.0

14,457 

(1)

TG

Therapeutics,

Inc.

338,149

0.1

4,374 

(1)

Theravance

Biopharma,

Inc.

35,254

0.0

2,334 

(1)

Third

Harmonic

Bio,

Inc.

31,626

0.0

2,475 

Tourmaline

Bio,

Inc.

63,632

0.0

3,334 

(1)

TransMedics

Group,

Inc.

523,438

0.2

7,820 

(1)

Travere

Therapeutics,

Inc.

109,402

0.1

5,456 

(1)

Treace

Medical

Concepts,

Inc.

31,645

0.0

7,113 

(1)(2)

Trevi

Therapeutics,

Inc.

23,757

0.0

4,711 

(1)

TScan

Therapeutics,

Inc.

23,461

0.0

5,935 

(1)

Twist

Bioscience

Corp.

268,143

0.1

2,250 

(1)

Tyra

Biosciences,

Inc.

52,897

0.0

750 

(1)

UFP

Technologies,

Inc.

237,525

0.1

3,777 

(1)

UroGen

Pharma

Ltd.

47,968

0.0

1,585 

US

Physical

Therapy,

Inc.

134,139

0.1

457 

Utah

Medical

Products,

Inc.

30,578

0.0

6,571 

(1)

Vanda

Pharmaceuticals,

Inc.

30,818

0.0

4,456 

(1)

Varex

Imaging

Corp.

53,116

0.0

12,494 

(1)

Vaxcyte,

Inc.

1,427,689

0.5

6,600 

(1)

Ventyx

Biosciences,

Inc.

14,388

0.0

4,013 

(1)

Vera

Therapeutics,

Inc.

177,375

0.1

7,890 

(1)

Veracyte,

Inc.

268,576

0.1

4,977 

(1)

Vericel

Corp.

210,278

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

15

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Health

Care:

(continued)

7,781 

(1)

Verve

Therapeutics,

Inc.

$

37,660

0.0

4,533 

(1)

Viemed

Healthcare,

Inc.

33,227

0.0

9,507 

(1)

Vir

Biotechnology,

Inc.

71,207

0.0

6,469 

(1)

Viridian

Therapeutics,

Inc.

147,170

0.1

5,439 

(1)

Voyager

Therapeutics,

Inc.

31,818

0.0

8,094 

(1)

WaVe

Life

Sciences

Ltd.

66,371

0.0

4,491 

(1)

Waystar

Holding

Corp.

125,254

0.1

18,580 

(1)

X4

Pharmaceuticals,

Inc.

12,436

0.0

2,529 

(1)

XBiotech,

Inc.

19,549

0.0

6,209 

(1)

Xencor,

Inc.

124,863

0.1

16,161 

(1)

Xeris

Biopharma

Holdings,

Inc.

46,059

0.0

990 

(1)

XOMA

Corp.

26,215

0.0

4,024 

(1)

Y-mAbs

Therapeutics,

Inc.

52,916

0.0

6,109 

(1)

Zentalis

Pharmaceuticals,

Inc.

22,481

0.0

4,893 

(1)

Zevra

Therapeutics,

Inc.

33,957

0.0

2,899 

(1)

Zimvie,

Inc.

46,007

0.0

4,970 

(1)

Zura

Bio

Ltd.

20,178

0.0

6,068 

(1)

Zymeworks,

Inc.

76,153

0.0

2,323 

(1)

Zynex,

Inc.

18,956

0.0

48,866,192

17.0

Industrials

:

16.2%

8,124 

(1)

374Water,

Inc.

11,049

0.0

14,465 

(1)

3D

Systems

Corp.

41,081

0.0

3,537 

(1)

AAR

Corp.

231,178

0.1

6,566 

ABM

Industries,

Inc.

346,422

0.1

10,692 

ACCO

Brands

Corp.

58,485

0.0

15,326 

(1)

ACV

Auctions,

Inc.

- Class

A

311,578

0.1

2,727 

(1)

AeroVironment,

Inc.

546,763

0.2

4,661 

(1)

AerSale

Corp.

23,538

0.0

5,530 

(1)

Air

Transport

Services

Group,

Inc.

89,531

0.0

1,070 

Alamo

Group,

Inc.

192,739

0.1

3,200 

Albany

International

Corp.

- Class

A

284,320

0.1

43,747 

(1)

Alight,

Inc.

- Class

A

323,728

0.1

1,605 

Allegiant

Travel

Co.

88,371

0.0

1,796 

Allient,

Inc.

34,106

0.0

3,374 

Alta

Equipment

Group,

Inc.

22,741

0.0

3,335 

(1)

Ameresco,

Inc.

- Class

A

126,530

0.1

3,573 

(1)

American

Superconductor

Corp.

84,323

0.0

1,619 

(1)

American

Woodmark

Corp.

151,296

0.1

2,316 

Apogee

Enterprises,

Inc.

162,155

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

4,016 

Applied

Industrial

Technologies,

Inc.

$

896,090

0.3

2,422 

ArcBest

Corp.

262,666

0.1

24,389 

(1)

Archer

Aviation,

Inc.

- Class

A

73,899

0.0

5,007 

Arcosa,

Inc.

474,463

0.2

1,285 

Argan,

Inc.

130,338

0.1

2,940 

Aris

Water

Solutions,

Inc.

- Class

A

49,598

0.0

15,894 

(1)

Array

Technologies,

Inc.

104,900

0.0

4,673 

(1)

ASGN,

Inc.

435,664

0.2

2,515 

Astec

Industries,

Inc.

80,329

0.0

3,175 

(1)

Astronics

Corp.

61,849

0.0

3,286 

(1)

Asure

Software,

Inc.

29,738

0.0

3,838 

Atkore,

Inc.

325,232

0.1

3,050 

AZZ,

Inc.

251,960

0.1

4,794 

Barnes

Group,

Inc.

193,726

0.1

2,834 

Barrett

Business

Services,

Inc.

106,303

0.0

6,632 

(1)

Beacon

Roofing

Supply,

Inc.

573,204

0.2

7,400 

(1)

Blade

Air

Mobility,

Inc.

21,756

0.0

11,415 

(1)(2)

Blink

Charging

Co.

19,634

0.0

20,683 

(1)(2)

Bloom

Energy

Corp.

- Class

A

218,412

0.1

3,314 

(1)

Blue

Bird

Corp.

158,939

0.1

905 

(1)

BlueLinx

Holdings,

Inc.

95,405

0.0

4,119 

Boise

Cascade

Co.

580,697

0.2

1,582 

(1)

Bowman

Consulting

Group

Ltd.

38,095

0.0

5,803 

(1)

BrightView

Holdings,

Inc.

91,339

0.0

4,665 

Brink's

Co.

539,461

0.2

3,223 

Brookfield

Business

Corp.

- Class

A

81,639

0.0

1,848 

(1)

Byrna

Technologies,

Inc.

31,361

0.0

2,792 

Cadre

Holdings,

Inc.

105,956

0.0

6,467 

(1)

Casella

Waste

Systems,

Inc.

- Class

A

643,402

0.2

4,964 

(1)

CBIZ,

Inc.

334,028

0.1

3,141 

(1)

CECO

Environmental

Corp.

88,576

0.0

1,559 

(1)

Centuri

Holdings,

Inc.

25,178

0.0

41,584 

(1)

ChargePoint

Holdings,

Inc.

56,970

0.0

4,493 

(1)

Chart

Industries,

Inc.

557,761

0.2

1,800 

(1)

Cimpress

PLC

147,456

0.1

3,063 

Columbus

McKinnon

Corp.

110,268

0.0

5,503 

(1)

Commercial

Vehicle

Group,

Inc.

17,885

0.0

3,708 

(1)

Concrete

Pumping

Holdings,

Inc.

21,469

0.0

17,988 

(1)

Conduent,

Inc.

72,492

0.0

4,412 

(1)

Construction

Partners,

Inc.

- Class

A

307,958

0.1

11,493 

(1)

CoreCivic,

Inc.

145,386

0.1

4,471 

Costamare,

Inc.

70,284

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

16

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

978 

Covenant

Logistics

Group,

Inc.

$

51,677

0.0

720 

CRA

International,

Inc.

126,230

0.1

1,737 

CSW

Industrials,

Inc.

636,419

0.2

6,979 

(1)

Custom

Truck

One

Source,

Inc.

24,078

0.0

4,755 

Deluxe

Corp.

92,675

0.0

1,407 

(1)

Distribution

Solutions

Group,

Inc.

54,184

0.0

2,501 

Douglas

Dynamics,

Inc.

68,978

0.0

6,263 

(1)

Driven

Brands

Holdings,

Inc.

89,373

0.0

1,524 

(1)

Ducommun,

Inc.

100,325

0.0

1,406 

(1)

DXP

Enterprises,

Inc.

75,024

0.0

2,963 

(1)

Dycom

Industries,

Inc.

584,007

0.2

6,088 

(1)

Energy

Recovery,

Inc.

105,870

0.0

12,140 

(1)

Energy

Vault

Holdings,

Inc.

11,654

0.0

5,706 

Enerpac

Tool

Group

Corp.

239,024

0.1

4,169 

EnerSys

425,446

0.2

3,077 

Ennis,

Inc.

74,833

0.0

16,076 

(1)(2)

Enovix

Corp.

150,150

0.1

2,154 

EnPro

Industries,

Inc.

349,336

0.1

8,513 

(1)

Enviri

Corp.

88,024

0.0

2,665 

ESCO

Technologies,

Inc.

343,732

0.1

5,274 

Exponent,

Inc.

607,987

0.2

6,262 

Federal

Signal

Corp.

585,246

0.2

5,628 

(1)

First

Advantage

Corp.

111,716

0.1

7,078 

(1)

FiscalNote

Holdings,

Inc.

9,060

0.0

6,319 

(1)(2)

Fluence

Energy,

Inc.

143,504

0.1

17,904 

(1)

Fluor

Corp.

854,200

0.3

1,712 

(1)

Forrester

Research,

Inc.

30,833

0.0

2,657 

Forward

Air

Corp.

94,058

0.0

1,388 

(1)

Franklin

Covey

Co.

57,088

0.0

4,694 

Franklin

Electric

Co.,

Inc.

492,025

0.2

12,386 

(1)

Freyr

Battery,

Inc.

12,016

0.0

5,323 

(1)

Frontier

Group

Holdings,

Inc.

28,478

0.0

10,624 

FTAI

Aviation

Ltd.

1,411,930

0.5

10,612 

FTAI

Infrastructure,

Inc.

99,328

0.0

54,199 

(1)

FuelCell

Energy,

Inc.

20,596

0.0

3,721 

GATX

Corp.

492,846

0.2

4,266 

Genco

Shipping

&

Trading

Ltd.

83,187

0.0

12,841 

(1)

GEO

Group,

Inc.

165,007

0.1

3,189 

(1)

Gibraltar

Industries,

Inc.

223,007

0.1

1,742 

Global

Industrial

Co.

59,176

0.0

4,106 

(1)

GMS,

Inc.

371,880

0.1

12,315 

Golden

Ocean

Group

Ltd.

164,775

0.1

2,384 

Gorman-Rupp

Co.

92,857

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

27,254 

(1)

GrafTech

International

Ltd.

$

35,975

0.0

1,304 

(1)

Graham

Corp.

38,585

0.0

4,560 

Granite

Construction,

Inc.

361,517

0.1

7,125 

(1)

Great

Lakes

Dredge

&

Dock

Corp.

75,026

0.0

3,175 

Greenbrier

Cos.,

Inc.

161,576

0.1

3,894 

Griffon

Corp.

272,580

0.1

3,357 

H&E

Equipment

Services,

Inc.

163,419

0.1

7,971 

(1)

Healthcare

Services

Group,

Inc.

89,036

0.0

5,388 

Heartland

Express,

Inc.

66,165

0.0

2,205 

Heidrick

&

Struggles

International,

Inc.

85,686

0.0

3,505 

Helios

Technologies,

Inc.

167,188

0.1

2,917 

Herc

Holdings,

Inc.

465,057

0.2

13,532 

(1)(2)

Hertz

Global

Holdings,

Inc.

44,656

0.0

7,239 

Hillenbrand,

Inc.

201,244

0.1

20,618 

(1)

Hillman

Solutions

Corp.

217,726

0.1

3,975 

Himalaya

Shipping

Ltd.

34,423

0.0

4,844 

HNI

Corp.

260,801

0.1

6,236 

Hub

Group,

Inc.

- Class

A

283,426

0.1

5,380 

(1)

Hudson

Technologies,

Inc.

44,869

0.0

1,843 

(1)

Huron

Consulting

Group,

Inc.

200,334

0.1

15,925 

(1)

Hyliion

Holdings

Corp.

39,494

0.0

1,245 

Hyster-Yale

Materials

Handling,

Inc.

79,394

0.0

1,934 

ICF

International,

Inc.

322,572

0.1

845 

(1)

IES

Holdings,

Inc.

168,679

0.1

2,969 

(1)

Innodata,

Inc.

49,790

0.0

3,720 

Insperity,

Inc.

327,360

0.1

2,131 

Insteel

Industries,

Inc.

66,253

0.0

6,170 

Interface,

Inc.

117,045

0.1

2,848 

(1)(2)

Intuitive

Machines,

Inc.

22,926

0.0

14,769 

(1)

Janus

International

Group,

Inc.

149,315

0.1

8,956 

(1)

JELD-WEN

Holding,

Inc.

141,594

0.1

32,504 

(1)

JetBlue

Airways

Corp.

213,226

0.1

41,633 

(1)(2)

Joby

Aviation,

Inc.

209,414

0.1

3,266 

John

Bean

Technologies

Corp.

321,734

0.1

1,214 

Kadant,

Inc.

410,332

0.2

3,605 

Kelly

Services,

Inc.

- Class

A

77,183

0.0

7,994 

Kennametal,

Inc.

207,284

0.1

2,021 

Kforce,

Inc.

124,190

0.1

5,351 

Korn

Ferry

402,609

0.2

15,163 

(1)

Kratos

Defense

&

Security

Solutions,

Inc.

353,298

0.1

12,695 

(1)

LanzaTech

Global,

Inc.

24,247

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

17

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

14,453 

(1)

Legalzoom.com,

Inc.

$

91,777

0.0

7,640 

(1)

Leonardo

DRS,

Inc.

215,601

0.1

1,075 

(1)

Limbach

Holdings,

Inc.

81,442

0.0

1,139 

Lindsay

Corp.

141,965

0.1

2,619 

(1)

Liquidity

Services,

Inc.

59,713

0.0

3,464 

LSI

Industries,

Inc.

55,944

0.0

3,326 

Luxfer

Holdings

PLC

43,072

0.0

4,282 

(1)

Manitowoc

Co.,

Inc.

41,193

0.0

6,185 

Marten

Transport

Ltd.

109,474

0.0

13,145 

(1)

Masterbrand,

Inc.

243,708

0.1

3,169 

(1)

Matrix

Service

Co.

36,539

0.0

3,511 

Matson,

Inc.

500,739

0.2

3,281 

Matthews

International

Corp.

- Class

A

76,119

0.0

1,699 

(1)

Mayville

Engineering

Co.,

Inc.

35,815

0.0

2,522 

McGrath

RentCorp

265,516

0.1

5,638 

(1)

Mercury

Systems,

Inc.

208,606

0.1

1,277 

Miller

Industries,

Inc.

77,897

0.0

7,314 

MillerKnoll,

Inc.

181,095

0.1

3,330 

(1)

Montrose

Environmental

Group,

Inc.

87,579

0.0

2,930 

Moog,

Inc.

- Class

A

591,919

0.2

8,967 

(1)

MRC

Global,

Inc.

114,240

0.1

11,689 

Mueller

Industries,

Inc.

866,155

0.3

16,094 

Mueller

Water

Products,

Inc.

- Class

A

349,240

0.1

1,684 

(1)

MYR

Group,

Inc.

172,155

0.1

608 

National

Presto

Industries,

Inc.

45,685

0.0

3,022 

(1)

Net

Power,

Inc.

21,184

0.0

15,177 

(1)

Nextracker,

Inc.

- Class

A

568,834

0.2

6,401 

(1)

NN,

Inc.

24,964

0.0

1,216 

(1)

Northwest

Pipe

Co.

54,878

0.0

11,218 

(1)

NOW,

Inc.

145,049

0.1

8,329 

(1)(2)

NuScale

Power

Corp.

96,450

0.0

1,513 

(1)

NV5

Global,

Inc.

141,435

0.1

11,047 

(1)

OPENLANE,

Inc.

186,473

0.1

3,843 

(1)

Orion

Group

Holdings,

Inc.

22,174

0.0

4,176 

Pangaea

Logistics

Solutions

Ltd.

30,192

0.0

2,612 

Park

Aerospace

Corp.

34,034

0.0

1,251 

Park-Ohio

Holdings

Corp.

38,406

0.0

9,195 

(1)

Performant

Financial

Corp.

34,389

0.0

1,530 

(1)

Perma-Fix

Environmental

Services,

Inc.

18,773

0.0

16,612 

Pitney

Bowes,

Inc.

118,444

0.1

21,119 

(1)

Planet

Labs

PBC

47,095

0.0

78,049 

(1)(2)

Plug

Power,

Inc.

176,391

0.1

971 

Powell

Industries,

Inc.

215,552

0.1

312 

Preformed

Line

Products

Co.

39,961

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

5,473 

Primoris

Services

Corp.

$

317,872

0.1

2,792 

(1)

Proto

Labs,

Inc.

82,001

0.0

3,850 

Quad/Graphics,

Inc.

17,479

0.0

4,674 

Quanex

Building

Products

Corp.

129,703

0.1

5,847 

(1)

Radiant

Logistics,

Inc.

37,596

0.0

2,970 

(1)

Redwire

Corp.

20,404

0.0

15,119 

(1)

Resideo

Technologies,

Inc.

304,497

0.1

3,949 

Resources

Connection,

Inc.

38,305

0.0

5,342 

REV

Group,

Inc.

149,896

0.1

36,156 

(1)

Rocket

Lab

USA,

Inc.

351,798

0.1

7,147 

Rush

Enterprises,

Inc.

- Class

A

377,576

0.1

14,081 

(1)

RXO,

Inc.

394,268

0.1

6,959 

Safe

Bulkers,

Inc.

36,048

0.0

15,185 

(1)

SES

AI

Corp.

9,715

0.0

17,806 

(1)

Shoals

Technologies

Group,

Inc.

- Class

A

99,892

0.0

3,725 

Shyft

Group,

Inc.

46,749

0.0

1,329 

(1)

Sky

Harbour

Group

Corp.

14,672

0.0

4,107 

(1)

SkyWest,

Inc.

349,177

0.1

2,591 

(1)(2)

Spire

Global,

Inc.

25,884

0.0

12,242 

(2)

Spirit

Airlines,

Inc.

29,381

0.0

4,697 

(1)

SPX

Technologies,

Inc.

748,984

0.3

1,221 

Standex

International

Corp.

223,174

0.1

9,787 

Steelcase,

Inc.

- Class

A

132,027

0.1

26,309 

(1)

Stem,

Inc.

9,161

0.0

3,792 

(1)

Sterling

Check

Corp.

63,402

0.0

3,142 

(1)

Sterling

Infrastructure,

Inc.

455,653

0.2

4,424 

(1)

Sun

Country

Airlines

Holdings,

Inc.

49,593

0.0

22,772 

(1)

Sunrun,

Inc.

411,262

0.2

269 

(1)

Taylor

Devices,

Inc.

13,428

0.0

2,336 

(2)

Tecnoglass,

Inc.

160,390

0.1

1,990 

Tennant

Co.

191,120

0.1

6,946 

Terex

Corp.

367,513

0.1

3,566 

(1)

Thermon

Group

Holdings,

Inc.

106,409

0.0

5,862 

(1)

Titan

International,

Inc.

47,658

0.0

2,549 

(1)

Titan

Machinery,

Inc.

35,508

0.0

5,386 

(1)

TPI

Composites,

Inc.

24,506

0.0

924 

(1)

Transcat,

Inc.

111,591

0.1

3,348 

TriNet

Group,

Inc.

324,656

0.1

8,442 

Trinity

Industries,

Inc.

294,119

0.1

7,435 

(1)

Triumph

Group,

Inc.

95,837

0.0

4,001 

(1)

TrueBlue,

Inc.

31,568

0.0

4,529 

(1)

Tutor

Perini

Corp.

123,008

0.1

6,336 

UFP

Industries,

Inc.

831,347

0.3

1,548 

UniFirst

Corp.

307,510

0.1

889 

Universal

Logistics

Holdings,

Inc.

38,325

0.0

12,840 

(1)

Upwork,

Inc.

134,178

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

18

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Industrials:

(continued)

1,395 

(1)

V2X,

Inc.

$

77,925

0.0

17,349 

(1)

Verra

Mobility

Corp.

482,476

0.2

2,274 

(1)

Viad

Corp.

81,477

0.0

2,377 

(1)

Vicor

Corp.

100,072

0.0

1,346 

Virco

Mfg.

Corp.

18,588

0.0

1,963 

(1)

Virgin

Galactic

Holdings,

Inc.

11,974

0.0

1,621 

VSE

Corp.

134,105

0.1

4,658 

Wabash

National

Corp.

89,387

0.0

2,857 

Watts

Water

Technologies,

Inc.

- Class

A

591,942

0.2

6,271 

Werner

Enterprises,

Inc.

241,998

0.1

9,091 

(1)(2)

Wheels

Up

Experience,

Inc.

22,000

0.0

1,425 

(1)

Willdan

Group,

Inc.

58,354

0.0

344 

Willis

Lease

Finance

Corp.

51,191

0.0

4,677 

(1)

WNS

Holdings

Ltd.

246,525

0.1

4,433 

(1)

Xometry,

Inc.

- Class

A

81,434

0.0

15,171 

Zurn

Elkay

Water

Solutions

Corp.

545,246

0.2

46,468,167

16.2

Information

Technology

:

13.0%

13,913 

(1)

8x8,

Inc.

28,383

0.0

3,710 

(1)

908

Devices,

Inc.

12,874

0.0

7,526 

A10

Networks,

Inc.

108,675

0.0

11,009 

(1)

ACI

Worldwide,

Inc.

560,358

0.2

5,337 

(1)

ACM

Research,

Inc.

- Class

A

108,341

0.0

11,513 

Adeia,

Inc.

137,120

0.1

8,719 

ADTRAN

Holdings,

Inc.

51,704

0.0

3,813 

Advanced

Energy

Industries,

Inc.

401,280

0.1

3,119 

(1)

Aehr

Test

Systems

40,079

0.0

2,347 

(1)

Agilysys,

Inc.

255,753

0.1

5,024 

(1)

Alarm.com

Holdings,

Inc.

274,662

0.1

4,627 

(1)

Alkami

Technology,

Inc.

145,936

0.1

2,461 

(1)

Alpha

&

Omega

Semiconductor

Ltd.

91,352

0.0

5,988 

(1)

Altair

Engineering,

Inc.

- Class

A

571,914

0.2

3,929 

(1)

Ambarella,

Inc.

221,615

0.1

3,836 

American

Software,

Inc.

- Class

A

42,925

0.0

8,337 

(1)

Amplitude,

Inc.

- Class

A

74,783

0.0

4,180 

(1)

Appian

Corp.

- Class

A

142,705

0.1

12,437 

(1)(2)

Applied

Digital

Corp.

102,605

0.0

3,957 

(1)(2)

Applied

Optoelectronics,

Inc.

56,625

0.0

9,897 

(1)

Arlo

Technologies,

Inc.

119,853

0.0

3,102 

(1)

Arteris,

Inc.

23,947

0.0

8,283 

(1)

Asana,

Inc.

- Class

A

96,000

0.0

872 

(1)

AudioEye,

Inc.

19,925

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

97,858 

(1)(2)

Aurora

Innovation,

Inc.

$

579,319

0.2

13,271 

(1)

AvePoint,

Inc.

156,200

0.1

1,418 

(1)

Aviat

Networks,

Inc.

30,671

0.0

3,404 

(1)

Axcelis

Technologies,

Inc.

356,909

0.1

4,830 

(1)

Backblaze,

Inc.

- Class

A

30,864

0.0

3,062 

Badger

Meter,

Inc.

668,771

0.2

1,341 

Bel

Fuse,

Inc.

- Class

B

105,282

0.0

4,217 

Belden,

Inc.

493,937

0.2

3,726 

Benchmark

Electronics,

Inc.

165,136

0.1

10,279 

(1)(2)

BigBear.ai

Holdings,

Inc.

15,007

0.0

7,965 

(1)

BigCommerce

Holdings,

Inc.

46,595

0.0

12,591 

(1)(2)

Bit

Digital,

Inc.

44,194

0.0

4,331 

(1)

Blackbaud,

Inc.

366,749

0.1

6,016 

(1)

Blackline,

Inc.

331,722

0.1

24,270 

(1)

Blend

Labs,

Inc.

- Class

A

91,013

0.0

14,702 

(1)

Box,

Inc.

- Class

A

481,196

0.2

6,826 

(1)

Braze,

Inc.

- Class

A

220,753

0.1

8,794 

(1)

C3.ai,

Inc.

- Class

A

213,079

0.1

6,036 

(1)

Calix,

Inc.

234,136

0.1

4,598 

(1)

Cerence,

Inc.

14,484

0.0

2,625 

(1)

CEVA,

Inc.

63,394

0.0

18,874 

(1)

Cipher

Mining,

Inc.

73,042

0.0

23,773 

(1)

Cleanspark,

Inc.

222,040

0.1

9,150 

Clear

Secure,

Inc.

- Class

A

303,231

0.1

1,349 

(1)

Clearfield,

Inc.

52,557

0.0

16,008 

(1)

Clearwater

Analytics

Holdings,

Inc.

- Class

A

404,202

0.1

508 

Climb

Global

Solutions,

Inc.

50,566

0.0

4,914 

(1)

Cohu,

Inc.

126,290

0.1

22,071 

(1)

CommScope

Holding

Co.,

Inc.

134,854

0.1

4,582 

(1)

CommVault

Systems,

Inc.

704,941

0.3

2,474 

(2)

CompoSecure,

Inc.

- Class

A

34,686

0.0

2,079 

(1)

Consensus

Cloud

Solutions,

Inc.

48,960

0.0

18,594 

(1)

Core

Scientific,

Inc.

220,525

0.1

5,144 

(1)

Corsair

Gaming,

Inc.

35,802

0.0

4,273 

(1)

Couchbase,

Inc.

68,881

0.0

624 

(1)

CPI

Card

Group,

Inc.

17,366

0.0

13,441 

(1)

Credo

Technology

Group

Holding

Ltd.

413,983

0.2

4,104 

(1)

CS

Disco,

Inc.

24,132

0.0

3,088 

CSG

Systems

International,

Inc.

150,231

0.1

3,206 

CTS

Corp.

155,106

0.1

4,079 

(1)

Daktronics,

Inc.

52,660

0.0

809 

(1)

Dave,

Inc.

32,328

0.0

2,639 

(1)

Diebold

Nixdorf,

Inc.

117,858

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

19

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

3,782 

(1)

Digi

International,

Inc.

$

104,118

0.0

1,703 

(1)

Digimarc

Corp.

45,777

0.0

10,420 

(1)

Digital

Turbine,

Inc.

31,989

0.0

6,808 

(1)

DigitalOcean

Holdings,

Inc.

274,975

0.1

4,748 

(1)

Diodes,

Inc.

304,299

0.1

4,311 

(1)

Domo,

Inc.

- Class

B

32,376

0.0

9,607 

(1)

D-Wave

Quantum,

Inc.

9,443

0.0

20,335 

(1)

E2open

Parent

Holdings,

Inc.

89,677

0.0

7,107 

(1)

Eastman

Kodak

Co.

33,545

0.0

5,741 

(1)

Enfusion,

Inc.

- Class

A

54,482

0.0

5,273 

(1)

Envestnet,

Inc.

330,195

0.1

2,716 

(1)

ePlus,

Inc.

267,091

0.1

3,126 

(1)

EverCommerce,

Inc.

32,385

0.0

6,685 

EVERTEC,

Inc.

226,555

0.1

14,161 

(1)

Evolv

Technologies

Holdings,

Inc.

57,352

0.0

16,416 

(1)

ExlService

Holdings,

Inc.

626,270

0.2

12,908 

(1)

Extreme

Networks,

Inc.

194,007

0.1

3,819 

(1)

Fannie

Mae

902,964

0.3

2,142 

(1)

FARO

Technologies,

Inc.

40,998

0.0

13,362 

(1)

Fastly,

Inc.

- Class

A

101,150

0.0

8,074 

(1)

FormFactor,

Inc.

371,404

0.1

21,450 

(1)

Freshworks,

Inc.

- Class

A

246,246

0.1

6,222 

(1)

Grid

Dynamics

Holdings,

Inc.

87,108

0.0

3,012 

Hackett

Group,

Inc.

79,125

0.0

11,413 

(1)

Harmonic,

Inc.

166,287

0.1

8,429 

(1)

Hut

8

Corp.

103,340

0.0

2,540 

(1)

I3

Verticals,

Inc.

- Class

A

54,127

0.0

3,427 

(1)

Ichor

Holdings

Ltd.

109,013

0.0

4,744 

(1)(2)

iLearningEngines

Holdings,

Inc.

7,923

0.0

3,592 

Immersion

Corp.

32,041

0.0

2,389 

(1)

Impinj,

Inc.

517,266

0.2

17,393 

(1)

indie

Semiconductor,

Inc.

- Class

A

69,398

0.0

2,914 

(1)

Insight

Enterprises,

Inc.

627,646

0.2

2,468 

(1)

Instructure

Holdings,

Inc.

58,121

0.0

4,058 

(1)

Intapp,

Inc.

194,094

0.1

2,639 

InterDigital,

Inc.

373,762

0.1

20,411 

(1)(2)

IonQ,

Inc.

178,392

0.1

5,429 

(1)

Iteris,

Inc.

38,763

0.0

4,763 

(1)

Itron,

Inc.

508,736

0.2

8,459 

(1)

Jamf

Holding

Corp.

146,764

0.1

13,435 

(1)

Kaltura,

Inc.

18,272

0.0

2,964 

(1)

Kimball

Electronics,

Inc.

54,864

0.0

9,174 

(1)

Knowles

Corp.

165,407

0.1

5,619 

Kulicke

&

Soffa

Industries,

Inc.

253,586

0.1

13,571 

(1)

Lightwave

Logic,

Inc.

37,456

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

6,802 

(1)

LiveRamp

Holdings,

Inc.

$

168,554

0.1

28,541 

(1)(2)

Marathon

Digital

Holdings,

Inc.

462,935

0.2

27,311 

(1)

Matterport,

Inc.

122,900

0.1

6,349 

Maximus,

Inc.

591,473

0.2

8,282 

(1)

MaxLinear,

Inc.

119,923

0.1

2,958 

(1)

MeridianLink,

Inc.

60,846

0.0

3,935 

Methode

Electronics,

Inc.

47,063

0.0

22,733 

(1)(2)

MicroVision,

Inc.

25,916

0.0

20,699 

(1)

Mirion

Technologies,

Inc.

229,138

0.1

5,222 

(1)

Mitek

Systems,

Inc.

45,275

0.0

7,786 

(1)

N-able,

Inc.

101,685

0.0

3,632 

Napco

Security

Technologies,

Inc.

146,951

0.1

14,422 

(1)

Navitas

Semiconductor

Corp.

35,334

0.0

7,456 

(1)

NCR

Atleos

Corp.

212,720

0.1

14,953 

(1)

NCR

Corp.

202,912

0.1

3,121 

(1)

NETGEAR,

Inc.

62,607

0.0

7,158 

(1)

NetScout

Systems,

Inc.

155,687

0.1

8,215 

(1)(2)

NextNav,

Inc.

61,530

0.0

5,307 

(1)

nLight,

Inc.

56,732

0.0

3,727 

(1)

Novanta,

Inc.

666,835

0.2

581 

NVE

Corp.

46,405

0.0

12,131 

(1)

Olo,

Inc.

- Class

A

60,170

0.0

4,069 

(1)

OneSpan,

Inc.

67,830

0.0

1,669 

(1)

OSI

Systems,

Inc.

253,404

0.1

4,394 

(1)

Ouster,

Inc.

27,682

0.0

4,826 

(1)(2)

Pagaya

Technologies

Ltd.

- Class

A

51,011

0.0

9,365 

(1)

PagerDuty,

Inc.

173,721

0.1

3,759 

(1)

PAR

Technology

Corp.

195,769

0.1

1,259 

PC

Connection,

Inc.

94,966

0.0

3,380 

(1)

PDF

Solutions,

Inc.

107,078

0.0

3,614 

(1)

Perficient,

Inc.

272,785

0.1

6,433 

(1)

Photronics,

Inc.

159,281

0.1

2,798 

(1)

Plexus

Corp.

382,515

0.1

8,491 

(1)

Porch

Group,

Inc.

13,034

0.0

5,911 

Power

Integrations,

Inc.

379,013

0.1

10,295 

(1)

Powerfleet,

Inc.

NJ

51,475

0.0

6,296 

(1)

PowerSchool

Holdings,

Inc.

- Class

A

143,612

0.1

4,457 

Progress

Software

Corp.

300,268

0.1

4,833 

(1)

PROS

Holdings,

Inc.

89,507

0.0

6,110 

(1)

Q2

Holdings,

Inc.

487,395

0.2

3,879 

(1)

Qualys,

Inc.

498,296

0.2

7,416 

(1)

Rackspace

Technology,

Inc.

18,169

0.0

11,355 

(1)

Rambus,

Inc.

479,408

0.2

6,402 

(1)

Rapid7,

Inc.

255,376

0.1

1,398 

(1)

Red

Violet,

Inc.

39,773

0.0

9,589 

(1)

Repay

Holdings

Corp.

78,246

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

20

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

11,433 

(1)

Ribbon

Communications,

Inc.

$

37,157

0.0

8,507 

(1)

Rimini

Street,

Inc.

15,738

0.0

29,788 

(1)

Riot

Platforms,

Inc.

221,027

0.1

1,936 

(1)

Rogers

Corp.

218,787

0.1

38,923 

(1)

Sabre

Corp.

142,847

0.1

5,526 

(1)

Sanmina

Corp.

378,255

0.1

3,304 

Sapiens

International

Corp.

NV

123,140

0.1

2,642 

(1)

ScanSource,

Inc.

126,895

0.1

3,979 

(1)

SEMrush

Holdings,

Inc.

- Class

A

62,510

0.0

6,745 

(1)

Semtech

Corp.

307,977

0.1

3,330 

(1)

Silicon

Laboratories,

Inc.

384,848

0.1

1,915 

(1)

SiTime

Corp.

328,442

0.1

3,302 

(1)

SkyWater

Technology,

Inc.

29,982

0.0

5,412 

(1)

SMART

Global

Holdings,

Inc.

113,381

0.0

21,845 

(1)

SmartRent,

Inc.

37,792

0.0

5,954 

SolarWinds

Corp.

77,700

0.0

30,349 

(1)(2)

SoundHound

AI,

Inc.

- Class

A

141,426

0.1

13,083 

(1)

Sprinklr,

Inc.

- Class

A

101,132

0.0

5,096 

(1)

Sprout

Social,

Inc.

- Class

A

148,141

0.1

3,889 

(1)

SPS

Commerce,

Inc.

755,127

0.3

6,360 

(1)

Squarespace,

Inc.

- Class

A

295,295

0.1

4,052 

(1)

Synaptics,

Inc.

314,354

0.1

5,927 

(1)

Telos

Corp.

21,278

0.0

12,328 

(1)

Tenable

Holdings,

Inc.

499,531

0.2

24,268 

(1)

Terawulf,

Inc.

113,574

0.0

11,163 

(1)

Thoughtworks

Holding,

Inc.

49,340

0.0

10,370 

(1)

TTM

Technologies,

Inc.

189,253

0.1

1,089 

(1)

Tucows,

Inc.

- Class

A

22,749

0.0

2,038 

(1)

Turtle

Beach

Corp.

31,263

0.0

4,606 

(1)

Ultra

Clean

Holdings,

Inc.

183,918

0.1

7,664 

(1)

Unisys

Corp.

43,532

0.0

11,506 

(1)

Varonis

Systems,

Inc.

650,089

0.2

5,795 

(1)

Veeco

Instruments,

Inc.

191,988

0.1

6,361 

(1)

Verint

Systems,

Inc.

161,124

0.1

5,644 

(1)

Vertex,

Inc.

- Class

A

217,350

0.1

12,928 

(1)

Viasat,

Inc.

154,360

0.1

22,748 

(1)

Viavi

Solutions,

Inc.

205,187

0.1

12,803 

Vishay

Intertechnology,

Inc.

242,105

0.1

1,636 

(1)

Vishay

Precision

Group,

Inc.

42,372

0.0

4,480 

(1)

Weave

Communications,

Inc.

57,344

0.0

5,257 

(1)

Workiva,

Inc.

415,934

0.2

11,964 

Xerox

Holdings

Corp.

124,186

0.1

5,202 

(1)

Xperi,

Inc.

48,067

0.0

11,634 

(1)

Yext,

Inc.

80,507

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Information

Technology:

(continued)

18,616 

(1)

Zeta

Global

Holdings

Corp.

- Class

A

$

555,315

0.2

14,193 

(1)

Zuora,

Inc.

- Class

A

122,344

0.1

37,189,723

13.0

Materials

:

4.4%

2,886 

AdvanSix,

Inc.

87,677

0.0

1,144 

Alpha

Metallurgical

Resources,

Inc.

270,190

0.1

3,705 

American

Vanguard

Corp.

19,637

0.0

112,827 

(1)

Arcadium

Lithium

PLC

321,557

0.1

1,811 

Arch

Resources,

Inc.

250,208

0.1

15,875 

Ardagh

Metal

Packaging

SA

59,849

0.0

2,912 

(1)

Arq,

Inc.

17,093

0.0

5,568 

(1)

ASP

Isotopes,

Inc.

15,479

0.0

6,026 

(1)

Aspen

Aerogels,

Inc.

166,860

0.1

9,244 

Avient

Corp.

465,158

0.2

3,374 

Balchem

Corp.

593,824

0.2

5,662 

Cabot

Corp.

632,842

0.2

2,066 

Caledonia

Mining

Corp.

PLC

30,907

0.0

4,973 

Carpenter

Technology

Corp.

793,591

0.3

5,505 

(1)

Century

Aluminum

Co.

89,346

0.0

1,836 

(1)

Clearwater

Paper

Corp.

52,399

0.0

40,992 

(1)

Coeur

Mining,

Inc.

282,025

0.1

12,031 

Commercial

Metals

Co.

661,224

0.2

3,820 

Compass

Minerals

International,

Inc.

45,916

0.0

13,266 

(1)

Constellium

SE

215,705

0.1

1,131 

(1)

Contango

ORE,

Inc.

21,783

0.0

8,253 

(1)

Dakota

Gold

Corp.

19,477

0.0

12,604 

(1)

Ecovyst,

Inc.

86,337

0.0

3,005 

Greif,

Inc.

- Class

A

188,293

0.1

2,003 

Hawkins,

Inc.

255,322

0.1

1,307 

Haynes

International,

Inc.

77,819

0.0

5,651 

HB

Fuller

Co.

448,576

0.2

60,865 

Hecla

Mining

Co.

405,970

0.2

31,219 

(1)

i-80

Gold

Corp.

36,214

0.0

3,787 

(1)

Ingevity

Corp.

147,693

0.1

2,566 

Innospec,

Inc.

290,189

0.1

1,412 

(1)

Intrepid

Potash,

Inc.

33,888

0.0

9,028 

(1)(2)

Ivanhoe

Electric,

Inc.

/

US

76,377

0.0

1,640 

Kaiser

Aluminum

Corp.

118,933

0.1

5,914 

(1)

Knife

River

Corp.

528,652

0.2

2,231 

Koppers

Holdings,

Inc.

81,498

0.0

2,664 

Kronos

Worldwide,

Inc.

33,167

0.0

4,393 

(1)

Lifezone

Metals

Ltd.

30,751

0.0

6,402 

(1)

LSB

Industries,

Inc.

51,472

0.0

2,112 

Materion

Corp.

236,248

0.1

5,709 

Mativ

Holdings,

Inc.

96,996

0.0

5,884 

(1)

Metals

Acquisition

Ltd.

- Class

A

81,493

0.0

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

21

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Materials:

(continued)

3,311 

Minerals

Technologies,

Inc.

$

255,709

0.1

4,133 

Myers

Industries,

Inc.

57,118

0.0

25,935 

(1)

Novagold

Resources,

Inc.

106,334

0.0

15,915 

(1)

O-I

Glass,

Inc.

208,805

0.1

1,197 

Olympic

Steel,

Inc.

46,683

0.0

6,143 

Orion

SA

109,407

0.0

4,432 

Pactiv

Evergreen,

Inc.

51,012

0.0

13,839 

(1)

Perimeter

Solutions

SA

186,135

0.1

4,227 

(1)

Perpetua

Resources

Corp.

39,522

0.0

1,943 

(1)

Piedmont

Lithium,

Inc.

17,351

0.0

12,887 

(1)(2)

PureCycle

Technologies,

Inc.

122,427

0.1

1,425 

Quaker

Chemical

Corp.

240,098

0.1

3,468 

Ramaco

Resources,

Inc.

- Class

A

40,576

0.0

5,090 

(1)

Ranpak

Holdings

Corp.

33,238

0.0

7,206 

(1)

Rayonier

Advanced

Materials,

Inc.

61,683

0.0

3,179 

Ryerson

Holding

Corp.

63,294

0.0

2,940 

Schnitzer

Steel

Industries,

Inc.

- Class

A

54,508

0.0

4,342 

Sensient

Technologies

Corp.

348,315

0.1

538 

(1)

Smith-Midland

Corp.

17,964

0.0

21,263 

SSR

Mining,

Inc.

120,774

0.1

2,224 

Stepan

Co.

171,804

0.1

12,674 

(1)

Summit

Materials,

Inc.

- Class

A

494,666

0.2

9,125 

SunCoke

Energy,

Inc.

79,205

0.0

3,661 

Sylvamo

Corp.

314,297

0.1

4,668 

(1)

TimkenSteel

Corp.

69,226

0.0

4,320 

TriMas

Corp.

110,290

0.0

12,238 

Tronox

Holdings

PLC

179,042

0.1

1,104 

United

States

Lime

&

Minerals,

Inc.

107,817

0.0

1,046 

(1)

Universal

Stainless

&

Alloy

Products,

Inc.

40,407

0.0

5,378 

Warrior

Met

Coal,

Inc.

343,654

0.1

3,345 

Worthington

Industries,

Inc.

138,650

0.1

3,394 

Worthington

Steel,

Inc.

115,430

0.1

12,764,076

4.4

Real

Estate

:

6.3%

10,501 

Acadia

Realty

Trust

246,563

0.1

7,835 

Alexander

&

Baldwin,

Inc.

150,432

0.1

263 

Alexander's,

Inc.

63,741

0.0

5,169 

American

Assets

Trust,

Inc.

138,116

0.1

8,509 

American

Healthcare

REIT,

Inc.

222,085

0.1

10,966 

(1)

Anywhere

Real

Estate,

Inc.

55,707

0.0

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Real

Estate:

(continued)

14,863 

(1)

Apartment

Investment

and

Management

Co.

- Class

A

$

134,361

0.1

23,659 

Apple

Hospitality

REIT,

Inc.

351,336

0.1

7,436 

Armada

Hoffler

Properties,

Inc.

80,532

0.0

8,277 

Braemar

Hotels

&

Resorts,

Inc.

25,576

0.0

17,787 

Brandywine

Realty

Trust

96,761

0.0

19,441 

Broadstone

Net

Lease,

Inc.

368,407

0.1

14,892 

CareTrust

REIT,

Inc.

459,567

0.2

2,926 

(2)

CBL

&

Associates

Properties,

Inc.

73,735

0.0

1,606 

Centerspace

113,175

0.0

5,580 

Chatham

Lodging

Trust

47,542

0.0

5,430 

City

Office

REIT,

Inc.

31,711

0.0

3,115 

Community

Healthcare

Trust,

Inc.

56,537

0.0

39,608 

(1)

Compass,

Inc.

- Class

A

242,005

0.1

11,620 

COPT

Defense

Properties

352,435

0.1

2,554 

(2)

CTO

Realty

Growth,

Inc.

48,577

0.0

23,628 

(1)

Cushman

&

Wakefield

PLC

322,050

0.1

21,569 

DiamondRock

Hospitality

Co.

188,297

0.1

16,552 

DigitalBridge

Group,

Inc.

233,880

0.1

23,672 

Diversified

Healthcare

Trust

99,186

0.0

16,385 

Douglas

Emmett,

Inc.

287,884

0.1

9,962 

Easterly

Government

Properties,

Inc.

135,284

0.1

9,281 

Elme

Communities

163,253

0.1

14,137 

Empire

State

Realty

Trust,

Inc.

- Class

A

156,638

0.1

11,094 

(1)

Equity

Commonwealth

220,771

0.1

18,323 

Essential

Properties

Realty

Trust,

Inc.

625,730

0.2

8,582 

(2)

eXp

World

Holdings,

Inc.

120,920

0.0

5,081 

Farmland

Partners,

Inc.

53,096

0.0

2,156 

(1)

Forestar

Group,

Inc.

69,790

0.0

9,531 

Four

Corners

Property

Trust,

Inc.

279,354

0.1

1,933 

(1)

FRP

Holdings,

Inc.

57,719

0.0

5,248 

Getty

Realty

Corp.

166,939

0.1

4,583 

Gladstone

Commercial

Corp.

74,428

0.0

4,457 

Gladstone

Land

Corp.

61,952

0.0

7,068 

Global

Medical

REIT,

Inc.

70,044

0.0

20,672 

Global

Net

Lease,

Inc.

174,058

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

22

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Real

Estate:

(continued)

14,678 

Hudson

Pacific

Properties,

Inc.

$

70,161

0.0

23,396 

Independence

Realty

Trust,

Inc.

479,618

0.2

7,833 

Industrial

Logistics

Properties

Trust

37,285

0.0

2,923 

Innovative

Industrial

Properties,

Inc.

393,436

0.1

7,173 

InvenTrust

Properties

Corp.

203,498

0.1

8,615 

JBG

SMITH

Properties

150,590

0.1

12,045 

Kennedy-Wilson

Holdings,

Inc.

133,097

0.1

22,674 

Kite

Realty

Group

Trust

602,221

0.2

29,632 

L.P.

Industrial

Trust

297,802

0.1

4,514 

LTC

Properties,

Inc.

165,619

0.1

22,370 

Macerich

Co.

408,029

0.1

2,696 

Marcus

&

Millichap,

Inc.

106,842

0.0

4,370 

National

Health

Investors,

Inc.

367,342

0.1

1,643 

NET

Lease

Office

Properties

50,309

0.0

7,809 

(2)

NetSTREIT

Corp.

129,083

0.0

13,778 

Newmark

Group,

Inc.

- Class

A

213,972

0.1

2,441 

NexPoint

Residential

Trust,

Inc.

108,485

0.0

2,389 

One

Liberty

Properties,

Inc.

65,793

0.0

64,098 

(1)

Opendoor

Technologies,

Inc.

128,196

0.0

7,812 

Orion

Office

REIT,

Inc.

31,248

0.0

15,339 

Outfront

Media,

Inc.

281,931

0.1

19,975 

Paramount

Group,

Inc.

98,277

0.0

4,112 

Peakstone

Realty

Trust

56,047

0.0

12,186 

Pebblebrook

Hotel

Trust

161,221

0.1

12,817 

Phillips

Edison

&

Co.,

Inc.

483,329

0.2

13,046 

Piedmont

Office

Realty

Trust,

Inc.

- Class

A

131,765

0.0

4,590 

Plymouth

Industrial

REIT,

Inc.

103,734

0.0

8,189 

PotlatchDeltic

Corp.

368,914

0.1

2,175 

RE/MAX

Holdings,

Inc.

- Class

A

27,079

0.0

10,393 

(1)

Real

Brokerage,

Inc.

57,681

0.0

12,187 

(1)

Redfin

Corp.

152,703

0.1

12,688 

Retail

Opportunity

Investments

Corp.

199,582

0.1

15,699 

RLJ

Lodging

Trust

144,117

0.1

2,024 

RMR

Group,

Inc.

- Class

A

51,369

0.0

6,139 

Ryman

Hospitality

Properties,

Inc.

658,346

0.2

24,060 

Sabra

Health

Care

REIT,

Inc.

447,757

0.2

5,509 

Safehold,

Inc.

144,501

0.1

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Real

Estate:

(continued)

1,462 

Saul

Centers,

Inc.

$

61,345

0.0

17,583 

Service

Properties

Trust

80,178

0.0

4,943 

SITE

Centers

Corp.

299,051

0.1

6,739 

SL

Green

Realty

Corp.

469,102

0.2

3,812 

St

Joe

Co.

222,278

0.1

11,752 

Summit

Hotel

Properties,

Inc.

80,619

0.0

20,912 

Sunstone

Hotel

Investors,

Inc.

215,812

0.1

11,066 

Tanger

Factory

Outlet

Centers,

Inc.

367,170

0.1

2,874 

(1)

Tejon

Ranch

Co.

50,439

0.0

9,958 

Terreno

Realty

Corp.

665,493

0.2

6,909 

UMH

Properties,

Inc.

135,900

0.1

24,834 

Uniti

Group,

Inc.

140,064

0.1

1,590 

Universal

Health

Realty

Income

Trust

72,742

0.0

12,610 

Urban

Edge

Properties

269,728

0.1

8,223 

Veris

Residential,

Inc.

146,863

0.1

5,564 

Whitestone

REIT

75,281

0.0

10,574 

Xenia

Hotels

&

Resorts,

Inc.

156,178

0.1

18,139,396

6.3

Utilities

:

2.8%

6,062 

ALLETE,

Inc.

389,120

0.1

9,450 

(1)

Altus

Power,

Inc.

30,051

0.0

3,851 

American

States

Water

Co.

320,750

0.1

8,028 

Avista

Corp.

311,085

0.1

7,099 

Black

Hills

Corp.

433,891

0.2

12,569 

Brookfield

Infrastructure

Corp.

- Class

A

545,872

0.2

6,660 

(1)

Cadiz,

Inc.

20,180

0.0

6,015 

California

Water

Service

Group

326,133

0.1

2,319 

Chesapeake

Utilities

Corp.

287,950

0.1

1,886 

Consolidated

Water

Co.

Ltd.

47,546

0.0

1,701 

Genie

Energy

Ltd.

- Class

B

27,641

0.0

17,279 

(1)

Hawaiian

Electric

Industries,

Inc.

167,261

0.1

3,793 

MGE

Energy,

Inc.

346,870

0.1

1,929 

Middlesex

Water

Co.

125,848

0.1

7,836 

(1)

Montauk

Renewables,

Inc.

40,826

0.0

10,271 

New

Jersey

Resources

Corp.

484,791

0.2

4,140 

Northwest

Natural

Holding

Co.

168,995

0.1

6,370 

NorthWestern

Corp.

364,491

0.1

5,841 

ONE

Gas,

Inc.

434,687

0.2

5,537 

Ormat

Technologies,

Inc.

426,017

0.2

4,313 

Otter

Tail

Corp.

337,104

0.1

9,367 

PNM

Resources,

Inc.

409,994

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

23

Voya

VACS

Index

Series

SC

Portfolio

Shares

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Utilities:

(continued)

10,566 

Portland

General

Electric

Co.

$

506,111

0.2

3,427 

SJW

Group

199,143

0.1

6,371 

Southwest

Gas

Holdings,

Inc.

469,925

0.2

5,839 

Spire,

Inc.

392,906

0.1

11,329 

(1)

Sunnova

Energy

International,

Inc.

110,344

0.0

1,867 

Unitil

Corp.

113,103

0.0

1,988 

York

Water

Co.

74,470

0.0

7,913,105

2.8

Total

Common

Stock

(Cost

$238,344,795)

279,260,883

97.3

RIGHTS

:

0.0%

Consumer,

Non-cyclical

:

0.0%

8,741 

(3)(4)

Chinook

Therapeutics,

Inc.

CVR

3,409

0.0

3,559 

(3)(4)

Inhibrx,

Inc.

CVR

14,628

0.0

18,037

0.0

Health

Care

:

0.0%

18,730 

(3)(4)

Cartesian

Therapeutics,

Inc.

CVR

3,371

0.0

Total

Rights

(Cost

$—)

21,408

0.0

WARRANTS

:

0.0%

Warrants

:

0.0%

165 

Pulse

Biosciences,

Inc.

1,465

0.0

Total

Warrants

(Cost

$—)

1,465

0.0

Total

Long-Term

Investments

(Cost

$238,344,795)

279,283,756

97.3

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

4.6%

Repurchase

Agreements

:

2.3%

1,136,615 

(5)

ASL

Capital

Markets,

Inc.,

Repurchase

Agreement

dated

09/30/2024,

5.350%,

due

10/01/2024

(Repurchase

Amount

$1,136,782,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

1.470%-

7.000%,

Market

Value

plus

accrued

interest

$1,159,347,

due

06/01/28-07/15/59)

1,136,615

0.4

Principal

Amount†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS:

(continued)

Repurchase

Agreements

(continued)

1,550,764 

(5)

Cantor

Fitzgerald

Securities,

Repurchase

Agreement

dated

09/30/2024,

5.000%,

due

10/01/2024

(Repurchase

Amount

$1,550,976,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

1.500%-

7.408%,

Market

Value

plus

accrued

interest

$1,581,779,

due

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

$

1,550,764

0.5

1,550,764 

(5)

CF

Secured

LLC,

Repurchase

Agreement

dated

09/30/2024,

5.000%,

due

10/01/2024

(Repurchase

Amount

$1,550,976,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.000%-

7.070%,

Market

Value

plus

accrued

interest

$1,581,779,

due

05/15/27-07/20/73)

1,550,764

0.5

1,550,764 

(5)

Marex

Capital

Markets

Inc.,

Repurchase

Agreement

dated

09/30/2024,

5.000%,

due

10/01/2024

(Repurchase

Amount

$1,550,976,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.750%-

5.500%,

Market

Value

plus

accrued

interest

$1,581,779,

due

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

1,550,764

0.6

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

24

Voya

VACS

Index

Series

SC

Portfolio

Principal

Amount†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS:

(continued)

Repurchase

Agreements

(continued)

765,187 

(5)

RBC

Dominion

Securities,

Inc.,

Repurchase

Agreement

dated

09/30/2024,

4.860%,

due

10/01/2024

(Repurchase

Amount

$765,289,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.000%-

6.500%,

Market

Value

plus

accrued

interest

$780,491,

due

10/31/24-09/20/54)

$

765,187

0.3

Total

Repurchase

Agreements

(Cost

$6,554,094)

6,554,094

2.3

Shares

RA

Value

Percentage

of

Net

Assets

Mutual

Funds

:

2.3%

6,689,000 

(6)

BlackRock

Liquidity

Funds,

FedFund,

Institutional

Class,

4.830%

(Cost

$6,689,000)

$

6,689,000

2.3

Total

Short-Term

Investments

(Cost

$13,243,094)

13,243,094

4.6

Total

Investments

in

Securities

(Cost

$251,587,889)

$

292,526,850

101.9

Liabilities

in

Excess

of

Other

Assets

(5,568,473)

(1.9)

Net

Assets

$

286,958,377

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)

For

fair

value

measurement

disclosure

purposes,

security

is

categorized

as

Level

3,

whose

value

was

determined

using

significant

unobservable

inputs.

(4)

Restricted

security

as

to

resale,

excluding

Rule

144A

securities.

As

of

September

30,

2024,

the

Portfolio

held

restricted

securities

with

a

fair

value

of

$21,408

or

—%

of

net

assets.

Please

refer

to

the

table

below

for

additional

details.

(5)

All

or

a

portion

of

the

security

represents

securities

purchased

with

cash

collateral

received

for

securities

on

loan.

(6)

Rate

shown

is

the

7-day

yield

as

of

September

30,

2024.

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2024

(Unaudited)

(continued)

25

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,

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*

$

279,260,883

$

—

$

—

$

279,260,883

Rights

—

—

21,408

21,408

Warrants

—

1,465

—

1,465

Short-Term

Investments

6,689,000

6,554,094

—

13,243,094

Total

Investments,

at

fair

value

$

285,949,883

$

6,555,559

$

21,408

$

292,526,850

Other

Financial

Instruments+

Futures

226,889

—

—

226,889

Total

Assets

$

286,176,772

$

6,555,559

$

21,408

$

292,753,739

*

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,

Voya

VACS

Index

Series

SC

Portfolio

held

the

following

restricted

securities:

Security

Acquisition

Date

Acquisition

Cost

Fair

Value

Cartesian

Therapeutics,

Inc.

CVR

12/12/2023

$

—

$

3,371

Chinook

Therapeutics,

Inc.

CVR

8/14/2023

—

3,409

Inhibrx,

Inc.

CVR

5/31/2024

—

14,628

$

—

$

21,408

At

September

30,

2024,

the

following

futures

contracts

were

outstanding

for

Voya

VACS

Index

Series

SC

Portfolio:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Appreciation

Long

Contracts:

E-mini

Russell

2000

Index

71

12/20/24

$

7,984,660

$

226,889

$

7,984,660

$

226,889

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

65,302,212

Gross

Unrealized

Depreciation

(24,363,987)

Net

Unrealized

Appreciation

$

40,938,225