UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number:811-08319
Voya Partners, Inc.
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ | 85258 |
(Address of principal executive offices) | (Zip code) |
The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801
(Name and address of agent for service)
Registrant’s telephone number, including area code:1-800-262-3862
Date of fiscal year end:December 31
Date of reporting period:December 31, 2018
Item 1. Reports to Stockholders.
The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):
Voya Investment Management
Annual Report
December 31, 2018
Classes ADV, I, R6, S and S2
Voya Partners, Inc.
n Voya Global Bond Portfolio
n VY® American Century Small-Mid Cap Value Portfolio
n VY® Baron Growth Portfolio
n VY® Columbia Contrarian Core Portfolio
n VY® Columbia Small Cap Value II Portfolio
n VY® Invesco Comstock Portfolio
n VY® Invesco Equity and Income Portfolio
n VY® JPMorgan Mid Cap Value Portfolio
n VY® Oppenheimer Global Portfolio
n VY® Pioneer High Yield Portfolio
n VY® T. Rowe Price Diversified Mid Cap Growth Portfolio
n VY® T. Rowe Price Growth Equity Portfolio
n VY® Templeton Foreign Equity Portfolio
Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of each Portfolio's annual and semi-annual shareholder reports, like this annual report, will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from your insurance carrier electronically by contacting them directly.
You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions provided to elect to continue receiving paper copies of your shareholder reports. You can inform us that you wish to continue receiving paper copies by calling 1-800-283-3427. Your election to receive reports in paper will apply to all the funds in which you invest.
This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the funds' investment objectives, risks, charges, expenses and other information. This information should be read carefully.
INVESTMENT MANAGEMENT
voyainvestments.com
TABLE OF CONTENTS
President's Letter | 2 | ||||||
Market Perspective | 3 | ||||||
Portfolio Managers' Reports | 6 | ||||||
Shareholder Expense Examples | 32 | ||||||
Report of Independent Registered Public Accounting Firm | 35 | ||||||
Statements of Assets and Liabilities | 36 | ||||||
Statements of Operations | 44 | ||||||
Statements of Changes in Net Assets | 48 | ||||||
Financial Highlights | 55 | ||||||
Notes to Financial Statements | 62 | ||||||
Summary Portfolios of Investments ("Portfolio of Investments") | 86 | ||||||
Tax Information | 166 | ||||||
Director and Officer Information | 168 | ||||||
Advisory and Sub-Advisory Contract Approval Discussion | 173 |
PROXY VOTING INFORMATION
A description of the policies and procedures that the Portfolios use to determine how to vote proxies related to portfolio securities is available: (1) without charge, upon request, by calling Shareholder Services toll-free at (800) 992-0180; (2) on the Portfolios' website at www.voyainvestments.com; and (3) on the U.S. Securities and Exchange Commission's ("SEC's") website at www.sec.gov. Information regarding how the Portfolios voted proxies related to portfolio securities during the most recent 12-month period ended June 30 is available without charge on the Portfolios' website at www.voyainvestments.com and on the SEC's website at www.sec.gov.
QUARTERLY PORTFOLIO HOLDINGS
The Portfolios file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. This report contains a summary portfolio of investments for the Portfolios. The Portfolios' Forms N-Q are available on the SEC's website at www.sec.gov. The Portfolios' Forms N-Q, as well as a complete portfolio of investments, are available: on www.voyainvestments.com and without charge upon request from the Portfolios by calling Shareholder Services toll-free at (800) 992-0180.
PRESIDENT'S LETTER
Setting Sail for the New Year
Dear Shareholder,
The markets closed out 2018 with a month of tumult — we believe investors became more risk-averse as they assessed the anticipated effects of higher interest rates and slowing corporate earnings, as well as potential economic deceleration in the U.S. and China and trade tensions between the two. There continues to be intense movement in the equity and bond markets, causing a lot of day-to-day volatility for investors to digest.
As we look ahead to 2019, we believe that economic and earnings growth will slow but not stall. The U.S. Federal Reserve Board ("Fed") has signaled that it will be patient about raising interest rates further, which we believe may help ease pressures on the economy and the financial markets. Economic momentum in the U.S. is still above trend growth and the Fed's gradual approach means a slowdown is likely to unfold over a multi-year period, which should give markets enough time to adjust expectations, in our opinion.
We do not think investors should view current conditions as a reason to alter their long-term investment strategies. In our view, it is not advisable to abandon diversified positions seeking to sidestep impending risks, or to crowd into areas of strong returns to seek to avoid losses. Instead, we believe investors should continue to spread their exposure across multiple asset classes, sectors and regions, to mitigate concentration risk. In our view, the best response remains to have a plan, diversify and carefully discuss any contemplated portfolio changes with your investment advisor.
Voya seeks to remain a reliable partner committed to reliable investing, helping you and your investment advisor achieve your goals. We appreciate your continued confidence in us, and we look forward to serving your investment needs in the future.
Sincerely,
Dina Santoro
President
Voya Family of Funds
December 31, 2018
The views expressed in the President's Letter reflect those of the President as of the date of the letter. Any such views are subject to change at any time based upon market or other conditions and the Voya mutual funds disclaim any responsibility to update such views. These views may not be relied on as investment advice and because investment decisions for a Voya mutual fund are based on numerous factors, may not be relied on as an indication of investment intent on behalf of any Voya mutual fund. Reference to specific company securities should not be construed as recommendations or investment advice.
International investing poses special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic.
2
MARKET PERSPECTIVE: YEAR ENDED DECEMBER 31, 2018
In our semi-annual report we described the market turmoil in early 2018. Global equities, in the form of the MSCI World IndexSM (the "Index") measured in local currencies, including net reinvested dividends, suffered its first monthly loss in February after 15 consecutive monthly gains. Another loss followed in March and by the end of June the Index was up a slim 1.29% in 2018. The next four months saw the Index gain 5.6%, led by the U.S., with sentiment resilient in the face of the worries that had set them back. However, in October the clouds gathered again, markets retreated, and after a small reprieve in November, losses accelerated to leave the Index down 7.38% for the fiscal year. (The Index returned -8.71% for the year ended December 31, 2018, measured in U.S. dollars.)
It had been the prospect of an imminent rise in U.S. interest rates that had roiled markets in February. Then, in March, the White House announced tariffs of 25% on imported steel and 10% on aluminum, which would take effect at the beginning of June.
Concerns about a trade war and rising U.S. interest rates continued throughout the period. After months of threats, the trade war risk was ratcheted up on September 17th when the President announced tariffs of 10% on Chinese imports, including day-to-day consumer goods, valued at some $200 billion. The rate would increase to 25% at the beginning of 2019. The next day, China replied with 5% to 10% tariffs of its own on $60 billion of U.S. exports. In early December, after a face-to-face meeting between President Trump and his Chinese counterpart Xi Jinping, new tariffs were postponed for 90 days while the sides, evidently far apart, held negotiations.
Interest rate concerns were rooted in the ever-strengthening labor market. The Federal Open Market Committee ("FOMC") was already committed to policy "normalization", i.e. a retreat from historically low short-term rates. There was nothing in successive employment reports likely to divert them. The December report announced an unemployment rate of 3.67%, the lowest since 1969.
The latest wage growth figure of 3.1% year-over-year was the highest since 2009, but it did not seem like an inflationary threat. The measure preferred by the U.S. Federal Reserve Board ("Fed"): core Personal Consumption Expenditures inflation, hovered around the target level of 2.0% without breaking through. But as September ended, the 10-year Treasury yield, unable earlier in 2018 to hold a level above 3%, had done so for nine straight days.
Perhaps it was the speed of rising Treasury yields: 2.88% to 3.23% in 22 days to October 5, which shook investors' confidence, and Fed Chairman Powell's remark on October 4 that the federal funds rate was "a long way from neutral". In December, the FOMC raised rates for the fourth time this year, from 2.25% to 2.50%. Markets had hoped that Powell might then signal a pause, to evaluate further data. Instead, he signaled two more increases in 2019.
As 2018 ended, the 10-year Treasury yield was back down to 2.69%. But it provided little comfort. Commentators increasingly fretted that the best days of global growth and corporate profits were over, and a full-blown trade war would only weaken both. Growth in Europe and China was declining. The price of oil was down about 40% since early October. In the U.S., the boost from tax cuts and increased government spending that had helped propel annualized GDP growth to 4.2% in the second quarter
and 3.4% in the third, would fade. The housing market had been weakening for months. For corporations, costs were rising and the strong dollar was depressing overseas earnings. With part of the government shut down through Congressional gridlock, the White House, within a final barrage of tweets, declared, "The only problem our economy has is the Fed." Happy New Year.
In U.S. fixed income markets, the Treasury yield curve rose and flattened over the fiscal year. The Bloomberg Barclays U.S. Aggregate Bond Index ("Barclays Aggregate") gained just 0.01%; the Bloomberg Barclays U.S. Corporate Investment Grade Bond sub-index lost 2.51%, amid heavy issuance of BBB paper, while the Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index (not a part of the Barclays Aggregate) fell 2.08%. The Bloomberg Barclays Short Treasury Index was among the best performers, gaining 1.88%.
U.S. equities, represented by the S&P 500® Index including dividends, fell 4.38% after the worst December since 1931. The earnings per share of constituent companies grew by about 25% year-over-year in the first three quarters of 2018, the most since 2010, but estimates for 2019 were sharply lower. Health care was the top performer, up 6.47%. Energy was the weakest sector, down 18.10%, as oil prices tumbled.
In currencies, the dollar rose 5.47% against the euro and 5.52% against the pound but lost 2.67% against the yen. From mid-April, after sustained weakness, the dollar powered ahead, as strong U.S. economic data increasingly left the rest of the world behind, only to drift lower in the fraught final days.
International markets were also shaken by the concerns described above. MSCI Japan® Index slumped 15.15% for the year. This market is sensitive to slowing global growth, particularly in China and its own vulnerability to a trade war. MSCI Europe ex UK® Index dropped 11.31%. To add to the dampening effects of faltering economic indicators and threats to global trade, the election of a high-spending populist government in Italy posed a new challenge to the euro itself. MSCI UK® Index fell 8.82%. Pessimism about an increasingly likely no-deal Brexit and global growth hit financials, while weakness in one heavily-weighted consumer staples constituent contributed about 30% of the over-all loss.
All indices are unmanaged and investors cannot invest directly in an index. Past performance does not guarantee future results. The performance quoted represents past performance.
Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Each Portfolio's performance is subject to change since the period's end and may be lower or higher than the performance data shown. Please call (800) 262-3862 or log on to www.voyainvestments.com to obtain performance data current to the most recent month end.
Market Perspective reflects the views of Voya Investment Management's Chief Investment Risk Officer only through the end of the period, and is subject to change based on market and other conditions.
3
BENCHMARK DESCRIPTIONS
Index | Description | ||||||
Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index | An index that includes all fixed-income securities having a maximum quality rating of Ba1, a minimum amount outstanding of $150 million, and at least one year to maturity. | ||||||
Bloomberg Barclays Global Aggregate Index | Provides a broad-based measure of the global investment-grade fixed-rate debt markets. | ||||||
Bloomberg Barclays U.S. Aggregate Bond Index | An index of publicly issued investment grade U.S. government, mortgage-backed, asset-backed and corporate debt securities. | ||||||
Bloomberg Barclays U.S. Corporate Investment Grade Bond Index | An index consisting of publicly issued, fixed rate, nonconvertible, investment grade debt securities. | ||||||
Bloomberg Barclays U.S. Government/Credit Bond Index | An index made up of the Barclays Government and Credit indices, including securities issued by the U.S. government and its agencies and publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity and quality requirements. | ||||||
Bloomberg Barclays Short Treasury Index | The index measures the performance of U.S. Treasury securities that have a remaining maturity between one and twelve months. | ||||||
ICE BofAML Speculative Grade U.S. Convertible Index | An index that includes about 270 convertible securities and represents the non-investment-grade convertible market. | ||||||
ICE BofAML U.S. High Yield Index | A broad-based index consisting of all U.S. dollar-denominated high-yield bonds with a minimum outstanding amount of $100 million and with a maturity of greater than one year period. The quality rating is less than BBB by Standard & Poor's. | ||||||
MSCI All Country World IndexSM | A free-float adjusted market capitalization index that is designed to measure equity performance in the global developed and emerging markets. | ||||||
MSCI All Country World ex-U.S. IndexSM | A free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets, excluding the U.S. It includes the reinvestment of dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | ||||||
MSCI Europe, Australasia and Far East® ("MSCI EAFE") Index | An index that measures the performance of securities listed on exchanges in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | ||||||
MSCI Europe ex UK® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe, excluding the UK. | ||||||
MSCI Japan® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | ||||||
MSCI UK® Index | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | ||||||
MSCI World IndexSM | An index that measures the performance of over 1,600 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | ||||||
Russell 1000® Index | A comprehensive large-cap index measuring the performance of the largest 1,000 U.S. incorporated companies. | ||||||
Russell 1000® Growth Index | Measures the performance of the 1,000 largest companies in the Russell 3000® Index with higher price-to-book ratios and higher forecasted growth. | ||||||
Russell 1000® Value Index | An index that measures the performance of those Russell 1000® securities with lower price-to-book ratios and lower forecasted growth values. | ||||||
Russell 2000® Growth Index | An index that measures the performance of securities of smaller U.S. companies with greater than average growth orientation. | ||||||
Russell 2000® Value Index | An index that measures the performance of those Russell 2000® companies with lower price-to-book ratios and lower than forecasted growth values. |
4
BENCHMARK DESCRIPTIONS (CONTINUED)
Index | Description | ||||||
Russell 2500TM Growth Index | Measures the performance of the small- to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500TM Index companies with higher price-to-book ratios and higher forecasted growth values. | ||||||
Russell 2500TM Value Index | Measures the performance of those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. | ||||||
Russell Midcap® Growth Index | An index that measures the performance of those companies included in the Russell Midcap® Index with relatively higher price-to-book ratios and higher forecasted growth values. | ||||||
Russell Midcap® Value Index | Measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. | ||||||
S&P 500® Index | An index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. | ||||||
S&P MidCap 400® Index | An index that measures the performance of the mid-size company segment of the U.S. market. | ||||||
S&P SmallCap 600® Value Index | Measures the performance of those S&P SmallCap 600® Index companies with lower price-to-book ratios. |
5
VOYA GLOBAL BOND PORTFOLIO
PORTFOLIO MANAGERS' REPORT
Voya Global Bond Portfolio (the "Portfolio") seeks to maximize total return through a combination of current income and capital appreciation. The Portfolio is managed by Mustafa Chowdhury and Brian Timberlake, Ph.D., CFA, Portfolio Managers of Voya Investment Management Co. LLC ("Voya IM") — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -2.17% compared to the Bloomberg Barclays Global Aggregate Index, which returned -1.20% for the same period.
Portfolio Specifics: The Portfolio underperformed the Bloomberg Barclays Global Aggregate Index, due primarily to sector allocations, as non-government sectors trailed developed government markets in a flight to quality later in the fourth quarter. Currency decisions, particularly in developed markets, were positive. Duration/yield curve positioning was defensive for most of the year and modestly detracted from performance.
Fixed income performance swung dramatically over 2018, with 10-year yields rising in the first half of the year, as improved growth prospects and the passage of corporate tax reform fueled optimism. With a healthy economic landscape, the U.S. Federal Reserve Board raised official short-term rates four times. Optimism was slashed, however, as elevated tensions between the United States and China, political gridlock in Washington and a growing fear of a risk of recession in the U.S. fueled a significant sell-off in equities and, in turn, fed a flight to quality that benefited the U.S. Treasury market. Meanwhile, non-government sectors struggled to keep pace with the rebound in U.S. Treasuries in the fourth quarter.
The U.S. dollar also see-sawed over the period, with the dollar broadly strengthening through mid-year, as the Fed was on track for four rate hikes and the ECB and BoJ remained on the sidelines, leaving their official short-term rates unchanged. As worries about the threat of a recession in the U.S. unfolded in the latter part of 2018, the U.S. dollar modestly retreated from previous gains. The stronger dollar proved to be a significant headwind to emerging market bonds and currencies over the course of 2018.
Sector allocation, particularly in the final three months of 2018, detracted from performance as "spread" markets meaningfully underperformed U.S. Treasuries in a flight to quality (Spread assets are debt instruments that typically are priced in terms of their yield differential, or spread, to comparable maturity U.S. Treasury securities). During the period, the Portfolio's combined allocations to investment grade and high yield corporate bonds were overweight compared to the corporate allocations of the Bloomberg Barclays Global Aggregate Index; those overweight positions detracted from results as corporate bonds underperformed. By contrast, more defensive security positioning helped to offset some of this underperformance: allocations to the generally lower risk asset-backed securities ("ABS") sector partially offset the detraction from corporate credit allocations. The Portfolio's holdings of non-agency residential mortgage-backed securities ("RMBS") and credit risk transfer securities ("CRTs") further contributed to performance in 2018. Currency decisions across developed G-10 markets modestly contributed, while allocations in emerging market currencies offset some of those gains.
The Portfolio used derivatives such as used futures, swaps, options and forward contracts, for hedging and overall risk management. The use of derivatives positively impacted performance for the period.
Current Strategy and Outlook: With headlines painting the yield curve inversion as a precursor of economic doom, it is important for investors to remember that an inverted yield curve represents fear of a recession, it does not cause a recession. While we see a deceleration in U.S. growth towards trend, we believe investment and improved productivity will support a modestly higher level of potential growth and limit inflationary risks. Meanwhile, we believe a more data-dependent Fed will take a break from its rate hikes, supported by limited inflation, a decelerating U.S. economy, elevated global trade tensions and U.S. political gridlock feeding market fears and volatility.
The repricing of corporate credit markets in late 2018 offers compelling entry points for investment grade and high yield corporate bonds. Overall, we believe the outlook for investment grade credit remains attractive with earnings reinforcing a supportive fundamental picture. We believe technical factors — including new corporate bond issuance — are likely to dominate near-term investment grade spread moves. Meanwhile, corporate high yield began 2019 with a market yield nearing 8%. With a pause from the Fed on the horizon, coupled with continued low default rates, these levels look attractive, in our view. We believe positive technical factors and improved valuations should lead to near-term outperformance.
Securitized sectors continue to offer opportunity, especially in an environment of a slower Fed. Agency mortgage-backed securities ("MBS") fundamentals remain solid with subdued prepays, while the Fed's transparency in monetary policy and balance sheet normalization has helped the market adjust to the additional supply. We believe that a lack of Fed demand for agency MBS could impair the performance for "current" lower coupon mortgages, while slower prepays should provide a buffer for higher premium coupons, in our opinion.
In non-agency RMBS, we are positive but moderating our outlook given shifting valuations across the fixed income landscape. For legacy product, in our opinion, the opportunity set continues to dwindle, which has led some investors to hoard their investments. In our opinion, we expect stout technical factors and strong credit performance to remain well bid. Meanwhile, CRTs, relative value has improved somewhat and demand remains firm for this floating-rate asset class. We look for commercial mortgage-backed securities to perform well into the start of 2019, with relatively firm investor interest, a manageable new issue pipeline and supportive fundamentals. Overall, we are neutral on collateralized loan obligations ("CLOs"), preferring higher quality tranches. CLOs have been subjected to a wave of negative headwinds, from supply concerns to looser lending standards to investor outflow from senior bank loans, the underlying collateral to CLOs. Current valuations and the structural support offers select opportunities, while insurance companies and institutional asset managers are likely to provide an offset to retail worries, in our view.
The repricing of credit markets across the corporate and securitized spectrum in late 2018 against a backdrop of a moderating Fed and more benign economic outlook compels us to seek out opportunities on market weakness in non-government sectors with a bias towards liquidity. We believe that markets will overshoot as investors overestimate downside risks and believe this will provide opportunities as a more benign scenario plays out in the year ahead.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Geographic Diversification
as of December 31, 2018
(as a percentage of net assets)
United States(1) | 80.2 | % | |||||
Germany | 4.5 | % | |||||
Spain | 2.5 | % | |||||
United Kingdom | 1.1 | % | |||||
Netherlands | 0.9 | % | |||||
Japan | 0.8 | % | |||||
Canada | 0.6 | % | |||||
France | 0.5 | % | |||||
Brazil | 0.5 | % | |||||
Guernsey | 0.3 | % | |||||
Countries between 0.0% — 0.3%^ | 1.7 | % | |||||
Assets in Excess of Other Liabilities* | 6.4 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments and purchased options.
^ Includes 12 countries, which each represents 0.0%-0.3% of net assets.
(1) Includes 24.5% total investment in Voya Emerging Markets Corporate Debt Fund, Voya Emerging Markets Hard Currency Debt Fund, Voya Emerging Markets Local Currency Debt Fund, and Voya High Yield Bond Fund.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
Voya Emerging Markets Hard Currency Debt Fund — Class P | 7.5 | % | |||||
Voya Emerging Markets Local Currency Debt Fund — Class P | 6.0 | % | |||||
Voya High Yield Bond Fund — Class P | 5.8 | % | |||||
Voya Emerging Markets Corporate Debt Fund — Class P | 5.2 | % | |||||
Bundesrepublik Deutschland, 0.500%, 02/15/25 | 3.2 | % | |||||
United States Treasury Note, 2.500%, 12/31/20 | 3.0 | % | |||||
United States Treasury Note, 1.500%, 10/31/19 | 2.5 | % | |||||
Spain Government Bond, 1.400%, 04/30/28 | 2.5 | % | |||||
United States Treasury Note, 3.125%, 11/15/28 | 2.2 | % | |||||
United States Treasury Bond, 3.000%, 08/15/48 | 1.6 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
6
PORTFOLIO MANAGERS' REPORT
VOYA GLOBAL BOND PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||
1 Year | 5 Year | 10 Year | |||||||||||||
Class ADV | -2.40 | % | 1.38 | % | 4.74 | % | |||||||||
Class I | -2.01 | % | 1.88 | % | 5.25 | % | |||||||||
Class S | -2.17 | % | 1.63 | % | 5.00 | % | |||||||||
Blooomberg Barclays Global Aggregate Index | -1.20 | % | 1.08 | % | 2.49 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of Voya Global Bond Portfolio against the index indicated. The index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please log on to www.voyainvestments.com or call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
Prior to January 21, 2011, the Portfolio was managed by a different sub-adviser.
7
VY® AMERICAN CENTURY SMALL-MID CAP VALUE PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® American Century Small-Mid Cap Value Portfolio (the "Portfolio") seeks long-term capital growth. Income is a secondary objective. The Portfolio is managed by a team of portfolio managers comprised of Miles Lewis, CFA, and Jeff John, CFA, Vice President (responsible for the management of the Small Cap Value portion of the Portfolio) and Kevin Toney, CFA, Co-Chief Investment Officer — Global Value Equity and Senior Vice President, Phillip N. Davidson, CFA, Co-Chief Investment Officer — Global Value Equity and Senior Vice President, Michael Liss, CFA and Vice President, and Brian Woglom, CFA, Vice President (responsible for the Mid Cap Value portion of the Portfolio) (each a "Sleeve"), Portfolio Managers of American Century Investment Management, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return -14.34% compared to the Russell 2500TM Value Index and the S&P SmallCap 600® Value Index, which returned -12.36% and -12.64%, respectively, for the same period.
Portfolio Specifics: The U.S. equity market suffered heightened volatility in 2018 as concerns about slowing global economic and earnings growth, falling oil prices, less accommodative monetary policy, trade tensions, and a partial U.S. government shutdown triggered a sharp fourth-quarter decline in stock prices. As a result, most market indices ended the calendar year lower. According to the FTSE Russell indices, growth generally outperformed value by a meaningful margin. Large-cap stocks generally outperformed mid-cap stocks, and both categories generally outperformed small-cap stocks.
The Portfolio underperformed the Russell 2500TM Value Index. Although the Russell 2500TM Value Index is the overall portfolio benchmark, the Small Cap Value and Mid Cap Value sleeves are managed against the Russell 2000® Value and Russell Midcap Value® indices, respectively.
The Mid Cap Value sleeve outperformed its benchmark, the Russell Midcap® Value Index, for the year. Stock selection and an underweight in the consumer discretionary sector assisted relative performance. Stock selection in health care also contributed. An underweight and stock selection in real estate detracted.
The Small Cap Value sleeve, however, underperformed its benchmark, the Russell 2000 Value® Index. Stock selection in the industrials and financials sectors detracted from relative performance, while stock selection and an overweight in information technology contributed.
The overall Portfolio delivered a negative return for the year, while also underperforming its benchmark, the Russell 2500TM Value Index. Financials detracted from relative performance, as stock choices in the capital markets and bank industries weighed on relative performance. Capital markets firm Invesco was a notable detractor. The company's disappointing flows and lower fee rates dampened earnings. News that Invesco is acquiring OppenheimerFunds also weighed on the stock price. The Portfolio's notable underweight and stock selection in real estate also hurt relative performance.
Stock selection in the information technology sector aided relative performance, due in part to an investment in Puerto Rico-based payment processor EVERTEC, a prominent contributor. The stock rose strongly in the second quarter after EVERTEC reported better-than-expected transaction volumes, indicating a strong recovery after hurricanes devastated the islands last year. Stock selection and an underweight in consumer discretionary also contributed.
Current Strategy and Outlook: We follow a stock-specific, valuation-driven strategy. The Portfolio's sector allocation is a result of our bottom-up investment process.
Relative to the Russell 2500TM Value Index, the overall Portfolio is overweight in financials, as we have identified stocks with compelling risk/reward profiles in the sector. It is also overweight in industrials as volatility has provided us with the opportunity to invest in select industrials stocks with what we believe are attractive valuations. The Portfolio continues to be underweight in the real estate sector. In our view, our valuation methodology shows that many real estate stocks remain overvalued.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Financials | 26.7 | % | |||||
Industrials | 16.4 | % | |||||
Information Technology | 8.6 | % | |||||
Health Care | 6.7 | % | |||||
Materials | 6.6 | % | |||||
Consumer Discretionary | 6.4 | % | |||||
Consumer Staples | 6.3 | % | |||||
Utilities | 6.0 | % | |||||
Real Estate | 5.9 | % | |||||
Energy | 5.8 | % | |||||
Exchange-Traded Funds | 1.2 | % | |||||
Communication Services | 0.4 | % | |||||
Assets in Excess of Other Liabilities* | 3.0 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
Zimmer Biomet Holdings, Inc. | 2.3 | % | |||||
Northern Trust Corp. | 1.9 | % | |||||
Hubbell, Inc. | 1.7 | % | |||||
Graphic Packaging Holding Co. | 1.7 | % | |||||
BB&T Corp. | 1.5 | % | |||||
UMB Financial Corp. | 1.5 | % | |||||
First Hawaiian, Inc. | 1.4 | % | |||||
Xcel Energy, Inc. | 1.3 | % | |||||
iShares Russell Mid-Cap Value ETF | 1.2 | % | |||||
Weyerhaeuser Co. | 1.2 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
8
VY® AMERICAN CENTURY SMALL-MID CAP VALUE PORTFOLIO
PORTFOLIO MANAGERS' REPORT
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -14.49 | % | 5.22 | % | 12.05 | % | — | ||||||||||||
Class I | -14.15 | % | 5.73 | % | 12.61 | % | — | ||||||||||||
Class S | -14.34 | % | 5.47 | % | 12.33 | % | — | ||||||||||||
Class S2 | -14.48 | % | 5.32 | % | — | 14.84 | % | ||||||||||||
Russell 2500TM Value Index | -12.36 | % | 4.16 | % | 11.62 | % | 14.84 | % | |||||||||||
S&P SmallCap 600® Value Index | -12.64 | % | 5.13 | % | 12.37 | % | 15.94 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® American Century Small-Mid Cap Value Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
9
VY® BARON GROWTH PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Baron Growth Portfolio (the "Portfolio") seeks capital appreciation. The Portfolio is managed by Ronald Baron, Founder, Chief Executive Officer, Chief Investment Officer, Chairman, and Portfolio Manager and Neal Rosenberg, Portfolio Manager of BAMCO, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -1.89% compared to the Russell 2000® Growth Index and the Russell 2500TM Growth Index, which returned -9.31% and -7.47%, respectively, for the same period.
Portfolio Specifics: For the first three quarters of 2018, the markets posted mostly positive returns, buoyed by strong corporate earnings results and economic data. Investor sentiment, however, took an abrupt turn in the fourth quarter as projections of a slowdown in economic momentum and corporate earnings growth coupled with rising interest rates spurred a risk-off selloff that lasted through the rest of the period. The ongoing U.S.-China trade dispute and partial federal government shutdown also put pressure on markets and 2018 ended as the worst year for U.S. stocks since 2008.
Absolute Performance: Information technology ("IT"), communication services, and health care were the top positive sector performers in 2018.
Strength in IT came mainly from benefits software provider Benefitfocus, Inc. and real estate information and marketing services provider CoStar Group, Inc., which was moved to the industrials sector during the year. CoStar was the top contributor to performance in the period. Mobile voice and data communications services provider Iridium Communications Inc. drove performance in communication services, while IDEXX Laboratories, Inc., a provider of diagnostics to the veterinary industry, bolstered health care.
Holdings in consumer discretionary, real estate, and industrials detracted the most from performance during the year. Marriott Vacations Worldwide Corp., which sells timeshare products, manages resorts, finances consumer purchases, and rents timeshare inventory, drove declines in consumer discretionary, while Douglas Emmett, Inc., a real estate investment trust that owns and manages office buildings and apartment communities, dragged down performance in the real estate sector. Marriott Vacations was the largest detractor during the period. Within industrials, Bloom Energy Corporation, which designs, manufactures, and sells solid-oxide fuel cell systems, was the top detractor.
Relative Performance: For the reporting period, the Portfolio outperformed the Russell 2000® Growth Index due to a combination of stock selection, relative sector weights, and underexposure to the volatility and earnings variation factors.
Investments in industrials, financials, communication services, IT, and Health Care and lack of exposure to the lagging energy and materials sectors added the most value. Meaningfully lower exposure to industrials contributed to relative results. Stock selection was also positive in the sector due to the outperformance of CoStar Group, Inc. Stock selection in financials aided relative results, driven by share price gains from financial exchanges & data companies MSCI, Inc., Morningstar, Inc., and FactSet Research Systems, Inc. MSCI's shares rose as the company reported solid financial results throughout the year with impressive performance in the Index segment and continued improvement in the Analytics segment. Morningstar's share price was up as the company showed strong growth and exhibited the ability to cross-sell many of its previously acquired and homegrown new products. FactSet's stock price was buoyed by a large deal win with Merrill Lynch Wealth Management. Retirement accounts advisor Financial Engines, Inc. also added value in the sector after announcing its plan to be acquired by Hellman & Friedman at a significant premium. Favorable stock selection in financials was offset by higher exposure to this underperforming sector. Satellite company Iridium Communications Inc. drove performance in the Communication Services sector. Following years of investment, Iridium has launched 65 of its 75 NEXT satellites into orbit, significantly reducing execution risk. We believe that fundamentals of the business continue to evolve positively, with the final NEXT launch planned in early 2019. Strength in IT and health care came from the outperformance of Benefitfocus, Inc. and IDEXX Laboratories, Inc., respectively, which were among the three largest contributors on an absolute basis.
Consumer discretionary investments detracted the most from relative results, owing largely to the underperformance of Marriott Vacations Worldwide Corp. and Penn National Gaming, Inc., the two largest detractors from absolute performance.
Current Strategy and Outlook: Market conditions shifted abruptly in the fourth quarter of 2018. As a result of the volatility, valuations are, in our opinion, more attractive now than they were at the start of 2018. As long-term investors in what we view as high quality growth stocks, we are always actively looking for good investment ideas. We continue to position the Portfolio to benefit from what we believe to be strong, long-term growth opportunities.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Consumer Discretionary | 27.9 | % | |||||
Information Technology | 20.1 | % | |||||
Financials | 19.8 | % | |||||
Health Care | 10.2 | % | |||||
Real Estate | 8.1 | % | |||||
Industrials | 7.4 | % | |||||
Communication Services | 4.3 | % | |||||
Consumer Staples | 1.5 | % | |||||
Assets in Excess of Other Liabilities* | 0.7 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018
(as a percentage of net assets)
Vail Resorts, Inc. | 12.5 | % | |||||
Choice Hotels International, Inc. | 5.8 | % | |||||
CoStar Group, Inc. | 5.7 | % | |||||
Gartner, Inc. | 5.1 | % | |||||
MSCI, Inc. — Class A | 4.0 | % | |||||
Idexx Laboratories, Inc. | 4.0 | % | |||||
Bright Horizons Family Solutions, Inc. | 3.8 | % | |||||
ANSYS, Inc. | 3.8 | % | |||||
Gaming and Leisure Properties, Inc. | 3.4 | % | |||||
Primerica, Inc. | 3.3 | % |
Portfolio holdings are subject to change daily.
10
PORTFOLIO MANAGERS' REPORT
VY® BARON GROWTH PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -2.15 | % | 5.32 | % | 14.03 | % | — | ||||||||||||
Class I | -1.68 | % | 5.85 | % | 14.60 | % | — | ||||||||||||
Class R6(1) | -1.64 | % | 5.85 | % | 14.60 | % | — | ||||||||||||
Class S | -1.89 | % | 5.59 | % | 14.32 | % | — | ||||||||||||
Class S2 | -2.05 | % | 5.43 | % | — | 16.23 | % | ||||||||||||
Russell 2000® Growth Index | -9.31 | % | 5.13 | % | 13.52 | % | 15.97 | % | |||||||||||
Russell 2500TM Growth Index | -7.47 | % | 6.19 | % | 14.76 | % | 16.83 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Baron Growth Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable annuity contract or a variable life insurance policy. The
performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio manager, only through the end of the period as stated on the cover. The portfolio manager's views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
(1) Class R6 incepted on May 3, 2016. The Class R6 shares performance shown for the period prior to their inception date is the performance of Class I shares without adjustment for any differences in the expenses between the two classes. If adjusted for such differences, returns would be different.
11
VY® COLUMBIA CONTRARIAN CORE PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Columbia Contrarian Core Portfolio (the "Portfolio") seeks total return consisting of long-term capital appreciation and current income. The Portfolio is managed by Guy W. Pope, CFA, Senior Portfolio Manager and Head of Contrarian Core Strategy with Columbia Management Investment Advisers, LLC — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -8.99% compared to the Russell 1000® Index, which returned -4.78% for the same period.
Portfolio Specifics: For the year, stock selection was the primary driver of underperformance. Weak stock selection in the consumer staples, communication services and health care sectors detracted most from Portfolio performance relative to the Russell 1000® Index for the year. Stock selection was strongest in the technology, materials and real estate sectors for the period. Sector allocation contributed to overall performance for the year. An underweight to the industrials sector and an overweight to health care were positives for the Portfolio's performance during the year.
Top contributors included MasterCard, Medtronic and American Tower. In our opinion, MasterCard is well positioned to benefit from the ongoing global secular shift away from traditional cash and checks and toward electronic payments. Medtronic, a longtime holding in the Portfolio, reported strong financial results for its second quarter of fiscal year 2018, including an increase in revenue, increasing free cash flow and a robust product pipeline. American Tower posted solid results and performed well as it remains well positioned to capitalize on the attractive tenets of the tower business. In addition, we believe 5G technology could be incremental for the towers while new business opportunities like autonomous driving and edge computing represent positive optionality.
Top detractors included Philip Morris International Inc., Citigroup, and Conagra Brands. Phillip Morris International Inc. was a relative detractor during the period. The company's recent improvement in execution supports our thesis that Philp Morris is poised for growth in the changing retail environment of cigarettes and heat-not-burn "reduced risk" products. Citigroup was battered during December, despite entering the month as one of the cheapest stocks in the sector on a price-to-book basis. Fears of a U.S. recession weighed on Citigroup as the bank is viewed as vulnerable to rising credit losses given a business mix that skews higher to consumer credit cards, as did fears of global market instability and a misplaced perception, in our view, that Citi is still a big lender into emerging markets. We continue to think that the investment thesis is intact, despite these concerns, especially given the cheap valuation. Consumer staples stocks declined by wide margins during December and Conagra Brands was hit hard. The company's most recent financial results reflect good momentum in its core business, outperforming company management's guidance overall, but shares sold off as investors were concerned with the disappointing guidance more specifically for the recently acquired Pinnacle Foods unit.
Current Strategy and Outlook: While there is no denying the pain and anxiety caused by the wild market swings and declines we experienced in December, the current stock prices of many quality companies represent exceptional buying opportunities, in our opinion. Overall, Portfolio positioning remained largely unchanged. The largest overweights are in communications services, financials and health care. The largest underweights are in industrials and utilities. Our process is very much driven by bottom-up stock selection and our sector weights are, for the most part, byproducts of that. We continue to adhere to our contrarian process, using pessimism as a starting point to select potential investment candidates where we see the ability for long-term value creation for the Portfolio.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Information Technology | 20.6 | % | |||||
Health Care | 16.7 | % | |||||
Financials | 15.4 | % | |||||
Communication Services | 12.8 | % | |||||
Consumer Discretionary | 10.1 | % | |||||
Consumer Staples | 5.7 | % | |||||
Industrials | 5.7 | % | |||||
Energy | 5.2 | % | |||||
Materials | 2.3 | % | |||||
Real Estate | 2.3 | % | |||||
Utilities | 0.9 | % | |||||
Assets in Excess of Other Liabilities* | 2.3 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018
(as a percentage of net assets)
Microsoft Corp. | 5.2 | % | |||||
Apple, Inc. | 3.8 | % | |||||
Amazon.com, Inc. | 3.2 | % | |||||
Berkshire Hathaway, Inc. — Class B | 3.1 | % | |||||
Johnson & Johnson | 3.0 | % | |||||
Pfizer, Inc. | 2.9 | % | |||||
JPMorgan Chase & Co. | 2.8 | % | |||||
Mastercard, Inc. — Class A | 2.6 | % | |||||
Alphabet, Inc. — Class C | 2.6 | % | |||||
Facebook, Inc. — Class A | 2.6 | % |
Portfolio holdings are subject to change daily.
12
VY® COLUMBIA CONTRARIAN CORE PORTFOLIO
PORTFOLIO MANAGERS' REPORT
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||
1 Year | 5 Year | 10 Year | |||||||||||||
Class ADV | -9.23 | % | 6.60 | % | 11.19 | % | |||||||||
Class I | -8.77 | % | 7.13 | % | 11.76 | % | |||||||||
Class S | -8.99 | % | 6.86 | % | 11.47 | % | |||||||||
Russell 1000® Index | -4.78 | % | 8.21 | % | 13.28 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Columbia Contrarian Core Portfolio against the index indicated. The index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio manager, only through the end of the period as stated on the cover. The portfolio manager's views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
Prior to April 30, 2013, the Portfolio was managed by a different sub-adviser.
13
VY® COLUMBIA SMALL CAP VALUE II PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Columbia Small Cap Value II Portfolio (the "Portfolio") seeks long-term growth of capital. The Portfolio is managed by Christian K. Stadlinger, Ph.D., CFA, and Jarl Ginsberg, CFA, CAIA, Portfolio Managers, of Columbia Management Investment Advisors, LLC — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class I shares provided a total return of -17.53% compared to the Russell 2000® Value Index, which returned -12.86% for the same period.
Portfolio Specifics: For the year, the Portfolio underperformed its benchmark, the Russell 2000® Value Index. Underperformance was primarily due to stock selection. Stock selection was strongest in the health care, real estate, and materials sectors. However, selection within financials, industrials, information technology, and energy offset these relative results.
On the whole though, performance of the Portfolio was driven primarily by market conditions during the second quarter of the year. During the second quarter, as global trade tensions and tariff discussions heated up, investors responded by increasing exposure to small caps through ETFs, the rationale being that small caps have less revenues derived internationally and so should be more insulated from global trade policies. These flows into passive vehicles led to the smallest, and least liquid names in the Russell 2000® Value Index performing the best, regardless of fundamentals. We are generally underweight these illiquid names, as they carry more risk. While overtime stock prices should track fundamentals, during short periods like this we may underperform. This led to underperformance in the second quarter, which we were not able to make up during the rest of the year.
Regarding specific names, the top contributor to relative performance was our position in LHC Group. The healthcare company, which provides post-acute healthcare services to patients, saw its shares rise throughout the year based on strong quarterly results as the company realizes synergies related to an earlier acquisition. Other top performing healthcare names include Molina Healthcare, Horizon Pharma, and Merit Medical Systems.
The most notable detractor from returns was our position in homebuilding company William Lyon Homes. Homebuilding companies as a whole sold off dramatically during the year and this company was no exception.
Current Strategy and Outlook: As we enter into 2019, it is possible that growth may slow down from the historically high levels we saw in 2018. However, we believe that the market may have overreacted on the expectation of a recession. As the market multiple has de-rated, we believe there may be good opportunities to find attractively priced stocks.
Nevertheless, our main focus continues to be on bottom-up stock picking. We continue to look for undervalued companies with strong underlying earnings prospects that are exhibiting evidence of upward inflection. In doing so, we believe we will be able to avoid value traps and deliver strong returns for our clients. As of the end of the quarter, we are overweight industrials and materials while remaining underweight real estate.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Financials | 29.2 | % | |||||
Industrials | 14.8 | % | |||||
Information Technology | 9.7 | % | |||||
Real Estate | 8.8 | % | |||||
Consumer Discretionary | 8.4 | % | |||||
Utilities | 6.5 | % | |||||
Materials | 5.3 | % | |||||
Health Care | 5.0 | % | |||||
Energy | 4.5 | % | |||||
Consumer Staples | 2.3 | % | |||||
Communication Services | 1.8 | % | |||||
Assets in Excess of Other Liabilities* | 3.7 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
Community Bank System, Inc. | 1.6 | % | |||||
New Jersey Resources Corp. | 1.5 | % | |||||
Argo Group International Holdings Ltd. | 1.5 | % | |||||
PS Business Parks, Inc. | 1.5 | % | |||||
Independent Bank Corp. | 1.5 | % | |||||
LHC Group, Inc. | 1.4 | % | |||||
First Industrial Realty Trust, Inc. | 1.4 | % | |||||
Union Bankshares Corp. | 1.4 | % | |||||
ONE Gas, Inc. | 1.3 | % | |||||
Adtalem Global Education, Inc. | 1.3 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
14
PORTFOLIO MANAGERS' REPORT
VY® COLUMBIA SMALL CAP VALUE II PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -17.96 | % | 2.46 | % | 10.47 | % | — | ||||||||||||
Class I | -17.53 | % | 2.98 | % | 11.05 | % | — | ||||||||||||
Class R6(1) | -17.57 | % | 2.96 | % | 11.04 | % | — | ||||||||||||
Class S | -17.76 | % | 2.70 | % | 10.75 | % | — | ||||||||||||
Class S2 | -17.87 | % | 2.57 | % | — | 13.80 | % | ||||||||||||
Russell 2000® Value Index | -12.86 | % | 3.61 | % | 10.40 | % | 14.05 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Columbia Small Cap Value II Portfolio against the index indicated. The index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable annuity contract or a variable life insurance policy. The
performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
(1) Class R6 incepted on May 3, 2016. The Class R6 shares performance shown for the period prior to their inception date is the performance of Class I shares without adjustment for any differences in the expenses between the two classes. If adjusted for such differences, returns would be different.
15
VY® INVESCO COMSTOCK PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Invesco Comstock Portfolio (the "Portfolio") seeks capital growth and income. The Portfolio is managed by Kevin Holt, Lead Portfolio Manager, and Devin Armstrong, James Warwick, and Charles DyReyes each a Portfolio Manager of Invesco Advisers, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares, provided a total return of -12.39% compared to the Russell 1000® Value Index and the S&P 500® Index, which returned -8.27% and -4.38%, respectively, for the same period.
Portfolio Specifics: For the year ended December 31, 2018, the Portfolio underperformed the Russell 1000® Value Index, the Portfolio's style-specific benchmark. For the reporting period, nine of the eleven sectors posted negative returns within the Russell 1000® Value Index.
On the positive side, stock selection within information technology was the largest driver of relative returns year-to-date. Microsoft, Cisco Systems and NetApp Inc. were notable performers from the sector.
The Portfolio's modest cash position acted as a contributor in a negative market environment.
An underweight to consumer staples also helped relative returns. Kimberly-Clark Corp. boosted relative and absolute returns. The stock benefitted from managing expenses and discretionary spending, while returning capital to shareholders through dividends and re-purchasing stock.
On the negative side, stock selection in financials was a large relative detractor for the period. Many of the large banks and interest rate sensitive financial stocks were down for the period due to concerns over a flattening yield curve, possibly signaling a recession, in our view.
Another driver of underperformance was stock selection and an overweight in the energy sector. Devon Energy and Haliburton were two of the largest detractors on a relative and absolute basis. Since the 3rd quarter, oil prices have deteriorated amid weaker inventory data and concerns over global demand destruction caused by a potential trade war. Oil prices dropped from around $75 to the mid $40s during the 4th quarter. Stock selection within healthcare also hurt relative performance. Mylan and Cardinal Health were among the largest detractors within the sector.
We used currency forward contracts during the reporting period for the purpose of hedging currency exposure of non-U.S.-based companies held in the Portfolio. Derivatives were used solely for the purpose of hedging and not for speculative purposes or leverage. The use of currency forward contracts had a positive impact on the Portfolio's performance relative to the Russell 1000® Value Index for the reporting period.
Current Strategy and Outlook: At the close of the reporting period, the Portfolio's financials sector weighting was overweight relative to the Portfolio's style-specific benchmark. In our view, financials have not performed as expected, given a normalizing rate environment and posting positive earnings and guidance. We also maintain a constructive view on the long — term prospects for our energy holdings as we believe supply and demand for oil should balance over time. The Portfolio's exposure to each sector has a higher beta than the Russell 1000® Value Index. Therefore, the Portfolio should be more sensitive to broad moves within these sectors for the foreseeable future, in our opinion.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Financials | 28.5 | % | |||||
Energy | 16.1 | % | |||||
Health Care | 15.1 | % | |||||
Information Technology | 8.6 | % | |||||
Consumer Discretionary | 7.3 | % | |||||
Industrials | 5.9 | % | |||||
Consumer Staples | 4.5 | % | |||||
Communication Services | 4.4 | % | |||||
Materials | 2.2 | % | |||||
Assets in Excess of Other Liabilities* | 7.4 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
Citigroup, Inc. | 4.4 | % | |||||
Bank of America Corp. | 4.4 | % | |||||
JPMorgan Chase & Co. | 3.5 | % | |||||
Cisco Systems, Inc. | 2.4 | % | |||||
Royal Dutch Shell PLC — Class A ADR | 2.2 | % | |||||
American International Group, Inc. | 2.1 | % | |||||
Intel Corp. | 2.0 | % | |||||
Suncor Energy, Inc. | 2.0 | % | |||||
General Motors Co. | 2.0 | % | |||||
Anthem, Inc. | 1.9 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
16
PORTFOLIO MANAGERS' REPORT
VY® INVESCO COMSTOCK PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||
1 Year | 5 Year | 10 Year | |||||||||||||
Class ADV | -12.56 | % | 4.24 | % | 10.93 | % | |||||||||
Class I | -12.16 | % | 4.76 | % | 11.49 | % | |||||||||
Class S | -12.39 | % | 4.50 | % | 11.20 | % | |||||||||
Russell 1000® Value Index | -8.27 | % | 5.95 | % | 11.18 | % | |||||||||
S&P 500® Index | -4.38 | % | 8.49 | % | 13.12 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Invesco Comstock Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
17
VY® INVESCO EQUITY AND INCOME PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Invesco Equity and Income Portfolio (the "Portfolio") seeks total return consisting of long-term capital appreciation and current income. The Portfolio is managed by Brian Jurkash, Thomas B. Bastian, CFA, Lead Portfolio Manager, Sergio Marcheli, Matthew Titus and Chuck Burge of Invesco Advisers, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -9.67% compared to the Russell 1000® Value Index, Bloomberg Barclays U.S. Government/Credit Index and the 60% Russell 1000® Value Index/40% Bloomberg Barclays U.S. Government/Credit Index, which returned -8.27%, -0.42% and -4.94%, respectively, for the same period.
Portfolio Specifics: For the year ended December 31, 2018, the Portfolio underperformed the Russell 1000® Value Index.
During the year, stock selection in the industrials sector was a large contributor to the Portfolio's performance relative to the Russell 1000® Value Index. CSX Corporation, a rail-based transportation services firm, was one of the top contributors within the sector.
Stock selection in the materials sector also contributed to the Portfolio's relative performance for the year. Notably, The Mosaic Company, a potash and phosphate supply company was a contributor due to an upbeat earnings outlook, strong demand and pricing fundamentals for crop nutrients.
Stock selection in information technology ("IT") helped performance. Within IT, QUALCOMM Inc. and Oracle Corp. were key contributors.
A large driver of underperformance within the Portfolio was stock selection within financials, notably within banks and capital markets. Financials were negatively impacted by the flattening yield curve and subsequent concerns over a recession due to a slowing economy. Within the sector, Citigroup, Morgan Stanley and State Street were key detractors.
Stock selection and an overweight in the energy sector also dampened relative performance. As energy stocks fell in tandem, a number of the Portfolio's largest individual detractors came from the sector including Devon Energy, Canadian Natural Resources, Apache and Technip FMC.
The Portfolio's material underweights in more defensive areas such as communication services and utilities along with stock selection in consumer staples also detracted from relative returns.
The Portfolio's use of high grade bonds and its allocation to convertible securities also acted as a relative contributor to returns versus the Russell 1000® Value Index. However, the high-grade bond portion underperformed the Bloomberg Barclays U.S. Government/Credit Index.
We used currency forward contracts during the reporting period for the purpose of hedging currency exposure of non-U.S.-based companies held in the Portfolio. Derivatives were used solely for the purpose of hedging and not for speculative purposes or leverage. The use of currency forward contracts had a positive impact on the Portfolio's performance relative to the Russell 1000 Value® Index for the reporting period.
Current Strategy and Outlook: At the end of the year, the Portfolio's largest overweight exposures relative to the Russell 1000® Value Index were in the financials and energy sectors, while the largest underweight exposures were in the real estate and utilities sectors. We still believe that large banks and capital markets are attractively valued, have strong balance sheets and potential for future growth as they continue to return capital to shareholders in the form of stock buybacks and dividends. We also remained underweight in other defensive sectors; such as communication services and consumer staples, as management believes valuations and fundamentals are unattractive.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Financials | 25.5 | % | |||||
U.S. Treasury Obligations | 11.5 | % | |||||
Health Care | 11.1 | % | |||||
Energy | 10.3 | % | |||||
Information Technology | 6.2 | % | |||||
Consumer Discretionary | 4.7 | % | |||||
Industrials | 4.5 | % | |||||
Consumer, Non-cyclical | 4.3 | % | |||||
Communications | 4.2 | % | |||||
Consumer Staples | 3.4 | % | |||||
Technology | 3.0 | % | |||||
Communication Services | 2.2 | % | |||||
Materials | 1.7 | % | |||||
Consumer, Cyclical | 1.3 | % | |||||
Utilities | 1.0 | % | |||||
U.S. Treasury Bonds | 1.0 | % | |||||
Basic Materials | 0.1 | % | |||||
Federal National Mortgage Association | 0.1 | % | |||||
Municipal Bonds** | 0.0 | % | |||||
Assets in Excess of Other Liabilities* | 3.9 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
** Amount is less than 0.05%.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
United States Treasury Note, 2.625%, 12/15/21 | 3.8 | % | |||||
United States Treasury Note, 2.500%, 12/31/20 | 3.7 | % | |||||
United States Treasury Note, 2.625%, 12/31/23 | 3.0 | % | |||||
Citigroup, Inc. | 2.5 | % | |||||
Bank of America Corp. | 2.4 | % | |||||
Johnson & Johnson | 2.0 | % | |||||
JPMorgan Chase & Co. | 2.0 | % | |||||
American International Group, Inc. | 1.6 | % | |||||
CVS Health Corp. | 1.6 | % | |||||
General Motors Co. | 1.6 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
18
VY® INVESCO EQUITY AND INCOME PORTFOLIO
PORTFOLIO MANAGERS' REPORT
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -9.90 | % | 3.80 | % | 8.48 | % | — | ||||||||||||
Class I | -9.46 | % | 4.31 | % | 9.03 | % | — | ||||||||||||
Class S | -9.67 | % | 4.06 | % | 8.75 | % | — | ||||||||||||
Class S2 | -9.79 | % | 3.92 | % | — | 10.28 | % | ||||||||||||
Russell 1000® Value Index | -8.27 | % | 5.95 | % | 11.18 | % | 14.43 | % | |||||||||||
Bloomberg Barclays U.S. Government/Credit Index | -0.42 | % | 2.53 | % | 3.46 | % | 3.77 | % | |||||||||||
60% Russell 1000® Value Index/40% Bloomberg Barclays U.S. Government/Credit Index | -4.94 | % | 4.74 | % | 8.32 | % | 10.31 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Invesco Equity and Income Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
19
VY® JPMORGAN MID CAP VALUE PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® JPMorgan Mid Cap Value Portfolio (the "Portfolio") seeks growth from capital appreciation. The Portfolio is managed by Jonathan K.L. Simon, Lawrence Playford, CFA, and Gloria Fu, CFA, Managing Directors and Portfolio Managers of J.P. Morgan Investment Management Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -12.19% compared to the Russell Midcap® Value Index (the "Index" or "Russell Midcap® Value"), which returned -12.29% for the same period.
Portfolio Specifics: The Portfolio outperformed the Index during the year. The Portfolio benefited from positive stock selection in materials, as our more conservative approach in combination with an underweight exposure proved beneficial in navigating this turbulent area of the marketplace. Stock selection in energy was also a contributor while stock selection in consumer staples and real estate detracted from Portfolio results.
On an absolute basis, XL Group ("XL") was the top contributor to results. XL was acquired at a hefty premium by AXA, a French insurer, as the acquirer looked to bolster its property and casualty offerings. The deal's premium likely reflected an improving insurance environment following a string of natural disasters in 2017 that pushed coverage prices higher. XL's improving business mix, attractive valuation and strong capital allocation policy almost certainly piqued the interest of AXA as well, in our opinion. We used the profits from the deal to fund ideas elsewhere in insurance.
The top stock-specific detractor for the year was Mohawk. Shares fell following a string of disappointing earnings misses and downward revisions on full-year guidance. In our opinion, elevated input costs continue to act as a headwind, and frustratingly, management is facing shifting consumer preferences within the flooring space towards cheaper luxury vinyl tile rather than traditional ceramic tile. While it is difficult to predict the long-term trajectory and sustainability of these trends, we would be remiss not to at least mention how trade tariffs could serve to benefit Mohawk, in our opinion, as cheap supply from China has permeated the marketplace. Despite the intermittent turmoil, Mohawk has a leading market share position in flooring, with best-in-class manufacturing and distribution providing a strong competitive advantage. We will monitor the situation as events unfold and may consider trimming our large position if we see a reflation in the multiple.
Current Strategy and Outlook: We believe financials represent the most compelling opportunity set considering both valuations and earnings growth potential; in fact, we added on weakness. While we still have a large allocation to the consumer discretionary sector, we managed down our position size in retail and hotels. The cyclicality of earnings streams, specifically in materials and industrials, keeps us with relatively small portfolio weights. In an effort to ensure the Portfolio is appropriately defensive, we added to pockets of utilities.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Financials | 22.0 | % | |||||
Consumer Discretionary | 13.5 | % | |||||
Real Estate | 12.3 | % | |||||
Utilities | 10.0 | % | |||||
Information Technology | 7.9 | % | |||||
Industrials | 7.6 | % | |||||
Health Care | 6.9 | % | |||||
Energy | 6.0 | % | |||||
Consumer Staples | 5.6 | % | |||||
Materials | 5.1 | % | |||||
Communication Services | 1.7 | % | |||||
Assets in Excess of Other Liabilities* | 1.4 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018
(as a percentage of net assets)
CMS Energy Corp. | 2.1 | % | |||||
WEC Energy Group, Inc. | 2.1 | % | |||||
Xcel Energy, Inc. | 2.0 | % | |||||
Loews Corp. | 1.9 | % | |||||
Diamondback Energy, Inc. | 1.9 | % | |||||
M&T Bank Corp. | 1.8 | % | |||||
Ball Corp. | 1.7 | % | |||||
Williams Cos., Inc. | 1.7 | % | |||||
T. Rowe Price Group, Inc. | 1.5 | % | |||||
Autozone, Inc. | 1.5 | % |
Portfolio holdings are subject to change daily.
20
VY® JPMORGAN MID CAP VALUE PORTFOLIO
PORTFOLIO MANAGERS' REPORT
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -12.37 | % | 4.75 | % | 11.96 | % | — | ||||||||||||
Class I | -11.96 | % | 5.28 | % | 12.52 | % | — | ||||||||||||
Class S | -12.19 | % | 5.01 | % | 12.23 | % | — | ||||||||||||
Class S2 | -12.30 | % | 4.85 | % | — | 14.63 | % | ||||||||||||
Russell Midcap® Value | -12.29 | % | 5.44 | % | 13.03 | % | 16.09 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® JPMorgan Mid Cap Value Portfolio against the index indicated. The index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
21
VY® OPPENHEIMER GLOBAL PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Oppenheimer Global Portfolio (the "Portfolio") seeks capital appreciation. The Portfolio is managed by Rajeev Bhaman, CFA and Senior Vice President, John Delano, CFA and Vice President, Portfolio Managers* of OppenheimerFunds, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -13.39% compared to the MSCI All Country World IndexSM (the "Index"), which returned -9.42% for the same period.
Portfolio Specifics: The Portfolio underperformed the Index for the reporting period. Volatility returned to global equity markets in 2018, as trade tariffs, rising interest rates, and politics yielded a challenging environment. The most significant underperforming sectors for the Portfolio were health care, financials, consumer discretionary, and real estate. Stock selection detracted from performance in these sectors. The Portfolio outperformed the Index in the information technology sector due to stock selection and in the materials sector, where we have no exposure as of the end of the period. We are perennially underweight energy and materials. We like certain companies for their technology or their access to a very scarce resource. However, we don't believe that we can predict either energy or materials prices consistently, and so will continue to invest relatively little in those sectors. On a country basis, detractors included stock selection in the U.S., Japan, and Switzerland. Stock selection in France and the UK outperformed for the Portfolio, as did our lack of exposure to Canada.
Top contributors to performance this period included Adobe Incorporated, Intuit, Inc., and Kering SA. Adobe Systems Incorporated has risen by more than fourfold over the last five years as they have undergone a shift to a subscription based model. This model is preferred by many customers, as it offers no meaningful upfront costs, license flexibility, and seamless updates. Intuit's small business and tax platforms, QuickBooks and TurboTax, continued to gain market share. In our view, we also see a sizable opportunity for Intuit to attach adjacent services to both platforms and to penetrate markets outside the U.S. Kering SA continued the resurgence in its operations, which began in mid-2016. Gucci's resurgence as a desirable brand has driven significant growth in sales and profits, and we believe it remains relevant for future growth as well.
The most significant detractors from performance this period included JD.com, Inc., Citigroup, Inc., and Facebook, Inc.. JD.com has had a difficult year, in our opinion. As the number two player in Chinese e-commerce, we believe it has immense long-term potential. However, it has struggled to become consistently profitable, as it has been investing in the future. An additional controversy with JD erupted during the period, when news reports indicated that its CEO was the subject of a sexual assault investigation in Minneapolis, Minnesota this summer. As with our style, we will be patient with this name. We believe it has very significant upside potential, and the valuation is very low by global standards for an e-commerce company with a market position such as it has. Citigroup, Inc., along with bank shares generally, underperformed in the fourth quarter of 2018 as the U.S. yield curve flattened, which impacts bank profitability negatively. Facebook has been weak this year, with the Cambridge Analytica controversy in the spring and lowered guidance following its second quarter earnings report. Despite this, we find appeal in the shares and see no reason to alter our thinking about its long-term potential. The shares are now very cheap, in our view. Some clarity about the durability of its business model will likely be seen in coming earnings releases and we expect the share price will likely respond accordingly.
Current Strategy and Outlook: We used the volatility of recent months as an opportunity to add to many of our names that were down significantly. Our experience has been that we know much more about something that we already own, and know well, than something we do not. As a result, market declines of the scope we have experienced recently rarely result in wholesale shifts, but they do offer a window to add.
* Effective March 31, 2019, Rajeev Bhaman will be removed as a portfolio manager of the Portfolio.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Geographic Diversification
as of December 31, 2018
(as a percentage of net assets)
United States | 47.7 | % | |||||
Japan | 13.2 | % | |||||
Germany | 8.0 | % | |||||
United Kingdom | 7.3 | % | |||||
France | 6.4 | % | |||||
India | 3.6 | % | |||||
Netherlands | 3.3 | % | |||||
Switzerland | 2.3 | % | |||||
China | 2.1 | % | |||||
Spain | 1.9 | % | |||||
Countries between 0.3%-1.8%^ | 2.9 | % | |||||
Assets in Excess of Other Liabilities* | 1.3 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
^ Includes 4 countries, which each represents 0.3%-1.8% of net assets.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018
(as a percentage of net assets)
Alphabet, Inc. — Class A | 6.6 | % | |||||
LVMH Moet Hennessy Louis Vuitton SE | 3.3 | % | |||||
Airbus SE | 3.3 | % | |||||
Adobe, Inc. | 2.8 | % | |||||
Anthem, Inc. | 2.8 | % | |||||
Intuit, Inc. | 2.8 | % | |||||
S&P Global, Inc. | 2.7 | % | |||||
Facebook, Inc. — Class A | 2.6 | % | |||||
SAP SE | 2.4 | % | |||||
Nidec Corp. | 2.2 | % |
Portfolio holdings are subject to change daily.
22
PORTFOLIO MANAGERS' REPORT
VY® OPPENHEIMER GLOBAL PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -13.62 | % | 4.29 | % | 10.74 | % | — | ||||||||||||
Class I | -13.19 | % | 4.82 | % | 11.30 | % | — | ||||||||||||
Class S | -13.39 | % | 4.56 | % | 11.03 | % | — | ||||||||||||
Class S2 | -13.56 | % | 4.39 | % | — | 13.07 | % | ||||||||||||
MSCI All Country World IndexSM | -9.42 | % | 4.26 | % | 9.46 | % | 11.79 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Oppenheimer Global Portfolio against the index indicated. The index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio manager, only through the end of the period as stated on the cover. The portfolio manager's views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
23
VY® PIONEER HIGH YIELD PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Pioneer High Yield Portfolio* (the "Portfolio") seeks to maximize total return through income and capital appreciation. The Portfolio is managed by Matthew Shulkin, CFA, Vice President, Portfolio Manager and Andrew Feltus, Director of High Yield and Senior Vice President of Amundi Pioneer Asset Management, Inc.** — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class I shares provided a total return of -2.67% compared to the ICE BofAML U.S. High Yield Index and the ICE BofAML Speculative Grade U.S. Convertible Index, which returned -2.26% and -7.00%, respectively, for the same period.
Portfolio Specifics: Risk-off allocations to bank loans, cash, and catastrophe bonds were positive contributors to the Portfolio's relative performance. Positioning in convertibles and equities were also positive contributors, driven mainly by our security selection within healthcare.
Within corporate bonds, our security selection within automotive along with consumer goods was positive, while our selection within building and construction, services, and telecommunications lagged. The selection within telecom lagged mainly due to our underweight to satellite TV providers.
Current Strategy and Outlook: We remain underweight retail as we believe online shopping will continue to put pressure on the sector. While overweight the energy sector on a notional basis, we are neutral from a risk standpoint, maintaining an underweight to the higher beta services sector. We are also overweight wirelines as we believe they can manage their balance sheets and generate free cash flow to pay down debt.
The Portfolio maintains a higher quality bias, and as such remains under-weight "CCC and below" rated buckets relative to ICE BofAML U.S. High Yield Index. The Portfolio continues its practice of seeking diversification1 and relative value by carrying out-of-index exposures, including bank loans, convertibles, equity, and insurance-linked bonds. We remain constructive on insurance-linked bonds as they are uncorrelated with the financial markets, which in the long-term, provides diversification benefits and can help enhance the risk-return profile of the fund. Bank loans have floating rate coupons that adjust with LIBOR, which may provide a hedge against rising rates.
In our view, negative returns in a non-recessionary year are unusual, but that is what we saw in 2018 as slowing global growth, oil price declines, and an equity market sell-off weighed on high yield in the 4th quarter. We remain constructive on high yield for two key reasons; (1) corporate health is still generally good, we don't expect a recession in the next 18 months, and (2) credit spreads are much wider to start the year. We believe U.S. corporate earnings are likely to grow in 2019, albeit more slowly than in 2018, while growth momentum in China and Europe has slowed. Defaults remain historically low and we do not see them increasing significantly in the near-term. While the U.S. Federal Reserve Board is not finished raising rates, they are unlikely to hike as much as feared, in our opinion. We believe the market sell-off to close out the year was likely overdone, with spreads widening out to levels we have not seen since late 2016, representing an opportunity for high yield at least into the first half of the year.
* On November 16, 2018, the Portfolio's Board of Directors approved a proposal to reorganize the Portfolio with and into Voya High Yield Portfolio. The proposed reorganization is subject to shareholder approval by the Portfolio. If approved, the reorganization is expected to take place on or about August 23, 2019.
** Effective March 31, 2018, Tracy Wright is no longer a portfolio manager of the Portfolio.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Investment Type Allocation
as of December 31, 2018
(as a percentage of net assets)
Corporate Bonds/Notes | 79.8 | % | |||||
Convertible Bonds/Notes | 5.1 | % | |||||
Bank Loans | 4.3 | % | |||||
Preferred Stock | 1.6 | % | |||||
Common Stock | 1.0 | % | |||||
Warrants** | 0.0 | % | |||||
Other** | 0.0 | % | |||||
Assets in Excess of Other Liabilities* | 8.2 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
** Amount is less than 0.05%.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
Bausch Health Cos, Inc., 5.875%, 05/15/23 | 1.9 | % | |||||
Sprint Corp., 7.250%, 09/15/21 | 1.9 | % | |||||
Lennar Corp., 4.750%, 11/15/22 | 1.2 | % | |||||
Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 07/01/21 | 0.9 | % | |||||
Prime Security Services Borrower LLC / Prime | |||||||
Finance, Inc., 9.250%, 05/15/23 | 0.8 | % | |||||
Wells Fargo & Co. | 0.8 | % | |||||
HCA, Inc., 5.375%, 02/01/25 | 0.8 | % | |||||
Crown Cork & Seal Co., Inc., 7.375%, 12/15/26 | 0.8 | % | |||||
Chemours Co/The, 7.000%, 05/15/25 | 0.7 | % | |||||
Level 3 Financing, Inc., 5.250%, 03/15/26 | 0.7 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
24
VY® PIONEER HIGH YIELD PORTFOLIO
PORTFOLIO MANAGERS' REPORT
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||
1 Year | 5 Year | 10 Year | |||||||||||||
Class I | -2.67 | % | 2.71 | % | 11.39 | % | |||||||||
Class S | -2.91 | % | 2.47 | % | 11.11 | % | |||||||||
ICE BofAML U.S. High Yield Index | -2.26 | % | 3.82 | % | 10.99 | % | |||||||||
ICE BofAML Speculative Grade U.S. Convertible Index | -7.00 | % | 3.60 | % | 13.36 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Pioneer High Yield Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
25
VY® T. ROWE PRICE DIVERSIFIED MID CAP GROWTH PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio (the "Portfolio") seeks long-term capital appreciation. The Portfolio is managed by Donald J. Peters, Vice President, and Donald J. Easley, CFA, Vice President, Portfolio Managers of T. Rowe Price Associates, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class S shares provided a total return of -3.44% compared to the S&P MidCap 400® Index and the Russell Midcap® Growth Index, which returned -11.08% and -4.75%, respectively, for the same period.
Portfolio Specifics: The Portfolio outperformed the Russell Midcap® Growth Index for the reporting period. Materials benefited relative results, due to stock selection. Contributors in the sector included Ball, a leading global manufacturer of metal food and beverage packaging products. The stock was under pressure early in the year but rebounded after Ball announced a strategically sound joint venture project with Platinum Equity and closed one of its smaller Brazilian plants. Solid third-quarter results continued to boost shares as growth and additional buyback plans offset margin pressure. Shares of coatings company RPM jumped in late June and remained elevated following an announcement that activist investor Elliott Management had taken a sizable position in the company. Late in the period, the company unveiled a plan to restructure and streamline operations to deliver cost reductions and earnings growth.
Security selection in information technology supported relative performance. Atlassian, an enterprise software company, is best known for its application development software Jira, which has become the standard workflow platform for programmers worldwide. Shares of Atlassian traded higher following a string of results reflecting accelerating billings, solid revenue growth, and strong free cash flow generation.
In financials, stock selection boosted relative results. Shares of Progressive, a best-in-class insurance carrier and a major player in the personal auto market, rose during the period on results driven by factors including the rising auto pricing cycle, underwriting margin improvement, and rising investment income.
Stock selection in communication services also benefited relative performance. Match's portfolio of dating websites includes Match.com, Tinder, PlentyOfFish, and OKCupid. Shares traded higher as the company was bolstered by strong growth out of Tinder, which continued to exhibit subscriber growth and renewal momentum. Despite increasing competition in the online dating space, we believe Match can maintain its durable growth with modest margin expansion given its network effects and scale advantages.
Conversely, health care hindered relative results, due to security selection. Detractors included Perrigo, a conglomerate health care company. The firm recently sold an interest in royalty payments from pharmaceutical firm Biogen for its multiple sclerosis drug Tysabri, and we believe activist investment in the firm has created an incentive to continue to unlock value. However, a recent filing revealed that the firm has been notified by the Irish government that it may be liable for a substantial back tax bill as a result of the Tysabri sale by Elan (which Perrigo acquired) to Biogen. Perrigo has refuted the claims, but investor uncertainty has weighed significantly on shares.
Current Strategy and Outlook: While overall global growth is likely to slow in 2019, in our opinion, we generally do not anticipate a recession in the U.S. and expect some rebound in European and Chinese growth. We believe the U.S. Federal Reserve Board has completed most of its anticipated tightening, making further rate hikes less of a challenge. The auto and housing sectors in the U.S. have slowed as rates have risen, but the types of distortions typically apparent at the end of a market cycle are conspicuously absent, in our view. The current environment has not seen a widespread misallocation of capital and euphoria in certain sectors, such as occurred in telecom infrastructure in 1999 and housing in the mid-2000s.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Information Technology | 29.7 | % | |||||
Industrials | 18.5 | % | |||||
Consumer Discretionary | 14.9 | % | |||||
Health Care | 13.3 | % | |||||
Financials | 7.6 | % | |||||
Materials | 4.4 | % | |||||
Consumer Staples | 3.5 | % | |||||
Real Estate | 2.9 | % | |||||
Communication Services | 2.4 | % | |||||
Energy | 1.7 | % | |||||
Utilities | 0.9 | % | |||||
Assets in Excess of Other Liabilities* | 0.2 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018
(as a percentage of net assets)
Dollar General Corp. | 1.0 | % | |||||
ServiceNow, Inc. | 0.9 | % | |||||
Fiserv, Inc. | 0.9 | % | |||||
Burlington Stores, Inc. | 0.9 | % | |||||
Microchip Technology, Inc. | 0.9 | % | |||||
Ross Stores, Inc. | 0.8 | % | |||||
Atlassian Corp. PLC | 0.8 | % | |||||
Ball Corp. | 0.8 | % | |||||
Fidelity National Information Services, Inc. | 0.8 | % | |||||
Workday, Inc. | 0.8 | % |
Portfolio holdings are subject to change daily.
26
PORTFOLIO MANAGERS' REPORT
VY® T. ROWE PRICE DIVERSIFIED MID CAP GROWTH PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -3.77 | % | 7.61 | % | 14.87 | % | — | ||||||||||||
Class I | -3.23 | % | 8.16 | % | 15.46 | % | — | ||||||||||||
Class R6(1) | -3.24 | % | 8.17 | % | 15.47 | % | — | ||||||||||||
Class S | -3.44 | % | 7.90 | % | 15.17 | % | — | ||||||||||||
Class S2 | -3.65 | % | 7.71 | % | — | 16.64 | % | ||||||||||||
S&P MidCap 400® Index | -11.08 | % | 6.03 | % | 13.68 | % | 16.00 | % | |||||||||||
Russell Midcap® Growth Index | -4.75 | % | 7.42 | % | 15.12 | % | 16.87 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® T. Rowe Price Diversified Mid Cap Growth Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable annuity contract or a variable life insurance policy. The
performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
(1) Class R6 incepted on May 3, 2016. The Class R6 shares performance shown for the period prior to their inception date is the performance of Class I shares without adjustment for any differences in the expenses between the two classes. If adjusted for such differences, returns would be different.
27
VY® T. ROWE PRICE GROWTH EQUITY PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® T. Rowe Price Growth Equity Portfolio (the "Portfolio") seeks long-term growth through investments in stocks. The Portfolio is managed by Joseph B. Fath, Vice President and Portfolio Manager of T. Rowe Price Associates, Inc. — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class I shares, provided a total return of -1.09% compared to the S&P 500® Index and the Russell 1000® Growth Index, which returned -4.38% and -1.51%, respectively, for the same period.
Portfolio Specifics: Sector allocation was the main driver of relative outperformance by the Portfolio, but stock selection was also notably positive. Information technology was the leading relative outperformer, due to stock selection and a significant overweighting against the S&P 500® Index. Financials also bolstered relative results, owing to both a beneficial underweight and security selection. The absence of energy stocks also contributed on a relative basis, as the sector was the weakest in the S&P 500® Index. Conversely, communication services was the most significant detractor from relative returns primarily on stock selection but also an unfavorable overweight. Health care also weighed on relative performance, largely due to stock choices, along with below-benchmark exposure to utilities.
Within information technology, shares of Red Hat gained as growing demand for hybrid cloud solutions and a record number of large deals fueled topline growth. Shares traded higher after the announcement that the company would be acquired by IBM in an effort to gain a foothold in the cloud era of enterprise technology. Shares of Workday appreciated due to better-than-expected organic subscription revenue and billings growth, driven by momentum with mid-market customers. Shares of MasterCard traded upward thanks to strong volume growth on high-yielding cross-border activity and share gains in Europe. Salesforce.com also advanced. A robust IT spending environment fueled momentum in the company's products.
Communication services was the largest relative detractor. Data privacy concerns in the headlines continued to plague shares of Facebook. Concerns over decelerating user growth and the low level of monetization associated with the company's story initiative added additional pressure on shares.
Current Strategy and Outlook: In 2018, U.S. stocks experienced their worst calendar year losses in a decade, under pressure from rising interest rates, global trade tensions, and worries about slowing global growth. Most major U.S. stock indices reached all-time highs near the end of the third quarter but plunged in the final months of the year, with several indices in or close to bear market territory — down at least 20% from recent highs. Market volatility was elevated throughout the year, thanks in part to rising interest rates. Concerns that corporate earnings growth will slow in 2019 also weighed on stocks.
Although the fourth-quarter market sell-off was painful, we were not surprised to see a downturn given the length of the bull market and the third-quarter rally that pushed some equity valuations to what we believe were overly elevated levels. Entering 2019, our expectations are more muted than they were a year ago, although we do not believe a near-term recession is likely. We believe corporate earnings and economic growth could increase at a slower pace than in 2018 but should remain positive. We are concerned about the effects of the U.S./China trade dispute, although a resolution to the standoff could boost markets, in our view.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Sector Diversification
as of December 31, 2018
(as a percentage of net assets)
Information Technology | 26.5 | % | |||||
Consumer Discretionary | 21.4 | % | |||||
Communication Services | 17.8 | % | |||||
Health Care | 15.7 | % | |||||
Industrials | 8.6 | % | |||||
Financials | 5.6 | % | |||||
Utilities | 1.5 | % | |||||
Consumer Staples | 1.0 | % | |||||
Materials | 0.7 | % | |||||
Real Estate | 0.6 | % | |||||
Consumer, Cyclical | 0.2 | % | |||||
Assets in Excess of Other Liabilities* | 0.4 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018
(as a percentage of net assets)
Amazon.com, Inc. | 8.6 | % | |||||
Microsoft Corp. | 5.3 | % | |||||
Facebook, Inc. — Class A | 3.8 | % | |||||
Boeing Co. | 3.5 | % | |||||
Visa, Inc. — Class A | 3.5 | % | |||||
Alphabet, Inc. — Class A | 3.2 | % | |||||
Alphabet, Inc. — Class C | 3.1 | % | |||||
UnitedHealth Group, Inc. | 2.8 | % | |||||
Mastercard, Inc. — Class A | 2.8 | % | |||||
Tencent Holdings Ltd. | 2.3 | % |
Portfolio holdings are subject to change daily.
28
PORTFOLIO MANAGERS' REPORT
VY® T. ROWE PRICE GROWTH EQUITY PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -1.57 | % | 9.52 | % | 15.45 | % | — | ||||||||||||
Class I | -1.09 | % | 10.07 | % | 16.02 | % | — | ||||||||||||
Class S | -1.33 | % | 9.79 | % | 15.74 | % | — | ||||||||||||
Class S2 | -1.47 | % | 9.63 | % | — | 16.81 | % | ||||||||||||
S&P 500® Index | -4.38 | % | 8.49 | % | 13.12 | % | 15.69 | % | |||||||||||
Russell 1000® Growth Index | -1.51 | % | 10.40 | % | 15.29 | % | 17.07 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® T. Rowe Price Growth Equity Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio manager, only through the end of the period as stated on the cover. The portfolio manager's views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
29
VY® TEMPLETON FOREIGN EQUITY PORTFOLIO
PORTFOLIO MANAGERS' REPORT
VY® Templeton Foreign Equity Portfolio* (the "Portfolio") seeks long-term capital growth. The Portfolio is managed by Antonio T. Docal, CFA and President, Peter A. Nori, CFA and Executive Vice President, and Matthew R. Nagle, CFA and Executive Vice President, Portfolio Managers** of Templeton Investment Counsel, LLC — the Sub-Adviser.
Performance: For the year ended December 31, 2018, the Portfolio's Class I shares provided a total return of -14.95% compared to the MSCI All Country World ex-U.S. IndexSM*** ("MSCI ACWI ex-U.S.") and the MSCI EAFE® Index, which returned -14.20% and -13.79%, respectively, for the same period.
Portfolio Specifics****: During the reporting period, the Portfolio net of fees and expenses underperformed both its benchmarks. Gross of those costs, the Portfolio narrowly outperformed its primary benchmark, the MSCI ACWI ex-U.S. Relative underperformance during the period was primarily attributable to stock-specific issues in materials and financials. The former sector was led lower by German chemicals firm LANXESS, German cement-maker HeidelbergCement and French materials producer Cie De St-Gobain. In financials, detractors included European lenders BNP Paribas, Bank of Ireland and UBS, offsetting a favorable underweight in the weak performing sector.
Information technology and consumer discretionary also hindered relative results. While our underweights in these generally expensive sectors were rewarded as momentum faded, stock-level weakness offset the positive impact of favorable allocation.
Turning to contributors, an overweight position and stock selection in health care benefited relative performance. An overweight position in energy also buoyed relative returns. Luxembourg-based satellite specialist SES was a top contributor. Recent results highlight the progress being delivered by a new management team working to stabilize the business, repair the balance sheet and seize long-term growth opportunities. In energy, we continued rotating into more defensive integrated stocks over the year, though with oil again trading near cash costs, we searched cyclical parts of the sector for bargains.
From a regional standpoint, the bulk of relative underperformance was concentrated in Europe, particularly France and Germany. Stock selection in Asia benefited relative performance, led by stock selection in China.
During the period, the U.S. dollar rose in value against most foreign currencies, which hurt the Portfolio's performance because investments in securities with non-U.S. currency exposure lost value as the U.S. dollar rose.
Current Strategy and Outlook: Looking ahead, we see scope for continued moderate global growth as China likely eases monetary policy and the U.S. Federal Reserve Board and European Central Bank manage their respective economic cycles, in our view. Despite some extended valuations, we see pockets of opportunity, particularly outside the United States. In our opinion, volatility is likely to remain elevated given rising late-cycle risks, and resultant dislocations should continue to present opportunities for disciplined stock pickers. The policy backdrop is also an important consideration given nascent efforts to normalize what we believe has been extraordinarily accommodative central bank policy. We believe the process of policy normalization will drive a rotation away from expensive growth stocks, to the benefit of beaten-down value shares.
* On January 25, 2019, the Board approved the sub-adviser replacement of Templeton Investment Counsel, LLC with Voya Investment Management Co. LLC, along with related changes to the Portfolio's name, primary benchmark, investment objective, and principal investment strategies. Effective on or about May 1, 2019, the Portfolio's name will change from "VY® Templeton Foreign Equity Portfolio" to "Voya International High Dividend Low Volatility Portfolio."
** In conjunction with strategy and sub-adviser changes, effective on or about May 1, 2019, Antonio T. Docal, Peter A. Nori, and Matthew R. Nagle will be removed as portfolio managers of the Portfolio and Vincent Costa, Kai Yee Wong, and Steve Wetter will be added as portfolio managers of the Portfolio.
*** In conjunction with the strategy and sub-adviser changes, effective on or about May 1, 2019, the Portfolio will change its primary benchmark from the MSCI All Country World ex-U.S. IndexSM to the MSCI EAFE® Index because the MSCI EAFE® Index is considered to be a more appropriate benchmark reflecting the types of securities in which the Portfolio now invests.
**** Beginning on or about April 16, 2019 through the close of business on or about April 30, 2019, the Portfolio will be in a transition period and may hold a large portion of the Portfolio's assets in temporary investments.
Portfolio holdings and characteristics are subject to change and may not be representative of current holdings and characteristics. Portfolio holdings are subject to change daily. The outlook for this Portfolio may differ from that presented for other Voya mutual funds. The Portfolio's performance returns shown reflect applicable fee waivers and/or expense limits in effect during this period. Absent such fee waivers/expense limitations, if any, performance would have been lower. Performance for the different classes of shares will vary based on differences in fees associated with each class.
Geographic Diversification
as of December 31, 2018
(as a percentage of net assets)
United Kingdom | 16.8 | % | |||||
Japan | 11.6 | % | |||||
France | 10.9 | % | |||||
Germany | 10.0 | % | |||||
China | 7.1 | % | |||||
Switzerland | 6.3 | % | |||||
Netherlands | 6.1 | % | |||||
South Korea | 5.0 | % | |||||
Hong Kong | 3.6 | % | |||||
India | 2.5 | % | |||||
Countries between 0.6% — 2.4%^ | 16.0 | % | |||||
Assets in Excess of Other Liabilities* | 4.1 | % | |||||
Net Assets | 100.0 | % |
* Includes short-term investments.
^ Includes 11 countries, which each represents 0.6%-2.4% of net assets.
Portfolio holdings are subject to change daily.
Top Ten Holdings
as of December 31, 2018*
(as a percentage of net assets)
Shire PLC | 3.1 | % | |||||
Samsung Electronics Co., Ltd. GDR | 2.8 | % | |||||
BP PLC | 2.8 | % | |||||
Royal Dutch Shell PLC — Class B | 2.7 | % | |||||
Standard Chartered PLC | 2.5 | % | |||||
Housing Development Finance Corp. | 2.5 | % | |||||
China Telecom Corp., Ltd. — H Shares | 2.3 | % | |||||
Roche Holding AG | 2.3 | % | |||||
Suntory Beverage & Food Ltd. | 2.3 | % | |||||
Sanofi | 2.2 | % |
* Excludes short-term investments.
Portfolio holdings are subject to change daily.
30
PORTFOLIO MANAGERS' REPORT
VY® TEMPLETON FOREIGN EQUITY PORTFOLIO
Average Annual Total Returns for the Periods Ended December 31, 2018 | |||||||||||||||||||
1 Year | 5 Year | 10 Year | Since Inception of Class S2 February 27, 2009 | ||||||||||||||||
Class ADV | -15.32 | % | -1.37 | % | 5.17 | % | — | ||||||||||||
Class I | -14.95 | % | -0.88 | % | 5.70 | % | — | ||||||||||||
Class S | -15.15 | % | -1.13 | % | 5.45 | % | — | ||||||||||||
Class S2 | -15.26 | % | -1.28 | % | — | 7.74 | % | ||||||||||||
MSCI ACWI ex-U.S. | -14.20 | % | 0.68 | % | 6.57 | % | 8.77 | % | |||||||||||
MSCI EAFE® Index | -13.79 | % | 0.53 | % | 6.32 | % | 8.74 | % |
Based on a $10,000 initial investment, the graph and table above illustrate the total return of VY® Templeton Foreign Equity Portfolio against the indices indicated. An index is unmanaged and has no cash in its portfolio and imposes no sales charges. An investor cannot invest directly in an index.
The Portfolio's performance is shown without the imposition of any expenses or charges which are, or may be, imposed under your variable annuity contract or variable life insurance policy. Total returns would have been lower if such expenses or charges were included.
The performance graph and table do not reflect the deduction of taxes that a shareholder will pay on Portfolio distributions or the redemption of Portfolio shares.
The performance shown may include the effect of fee waivers and/or expense reimbursements by the Investment Adviser and/or other service providers, which have the effect of increasing total return. Had all fees and expenses been considered, the total returns would have been lower.
The performance update illustrates performance for a variable investment option available through a variable
annuity contract or a variable life insurance policy. The performance shown indicates past performance and is not a projection or prediction of future results. Actual investment returns and principal value will fluctuate so that shares and/or units, at redemption, may be worth more or less than their original cost. Please log on to www.voyainvestments.com or call (800) 262-3862 to get performance through the most recent month end.
This report contains statements that may be "forward-looking" statements. Actual results may differ materially from those projected in the "forward-looking" statements.
The views expressed in this report reflect those of the portfolio managers, only through the end of the period as stated on the cover. The portfolio managers' views are subject to change at any time based on market and other conditions.
Portfolio holdings are subject to change daily.
31
SHAREHOLDER EXPENSE EXAMPLES (UNAUDITED)
As a shareholder of a Portfolio, you incur two types of costs: (1) transaction costs, including redemption fees and exchange fees; and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees, and other Portfolio expenses. These Examples are intended to help you understand your ongoing costs (in dollars) of investing in a Portfolio and to compare these costs with the ongoing costs of investing in other mutual funds.
The Examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from July 1, 2018 to December 31, 2018. The Portfolios' expenses are shown without the imposition of any charges which are, or may be, imposed under your variable annuity contract, variable life insurance policy, qualified pension, or retirement plan. Expenses would have been higher if such charges were included.
Actual Expenses
The left section of the table shown below, "Actual Portfolio Return," provides information about actual account values and actual expenses. You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first section under the heading entitled "Expenses Paid During the Period" to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The right section of the table shown below, "Hypothetical (5% return before expenses)," provides information about hypothetical account values and hypothetical expenses based on a Portfolio's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not a Portfolio's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a Portfolio and other mutual funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other mutual funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as redemption fees or exchange fees. Therefore, the hypothetical section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different mutual funds. In addition, if these transactional costs were included, your costs would have been higher.
Actual Portfolio Return | Hypothetical (5% return before expenses) | ||||||||||||||||||||||||||||||||||
Voya Global Bond Portfolio | Beginning Account Value July 1, 2018 | Ending Account Value December 31, 2018 | Annualized Expense Ratio | Expenses Paid During the Period Ended December 31, 2018* | Beginning Account Value July 1, 2018 | Ending Account Value December 31, 2018 | Annualized Expense Ratio | Expenses Paid During the Period Ended December 31, 2018* | |||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 992.50 | 1.15 | % | $ | 5.78 | $ | 1,000.00 | $ | 1,019.41 | 1.15 | % | $ | 5.85 | |||||||||||||||||||
Class I | 1,000.00 | 994.40 | 0.65 | 3.27 | 1,000.00 | 1,021.93 | 0.65 | 3.31 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 993.10 | 0.90 | 4.52 | 1,000.00 | 1,020.67 | 0.90 | 4.58 | |||||||||||||||||||||||||||
VY® American Century Small-Mid Cap Value Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 850.40 | 1.36 | % | $ | 6.34 | $ | 1,000.00 | $ | 1,018.35 | 1.36 | % | $ | 6.92 | |||||||||||||||||||
Class I | 1,000.00 | 852.20 | 0.86 | 4.01 | 1,000.00 | 1,020.87 | 0.86 | 4.38 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 850.80 | 1.11 | 5.18 | 1,000.00 | 1,019.61 | 1.11 | 5.65 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 850.50 | 1.26 | 5.88 | 1,000.00 | 1,018.85 | 1.26 | 6.41 | |||||||||||||||||||||||||||
VY® Baron Growth Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 874.70 | 1.49 | % | $ | 7.04 | $ | 1,000.00 | $ | 1,017.69 | 1.49 | % | $ | 7.58 | |||||||||||||||||||
Class I | 1,000.00 | 876.80 | 0.99 | 4.68 | 1,000.00 | 1,020.21 | 0.99 | 5.04 | |||||||||||||||||||||||||||
Class R6 | 1,000.00 | 876.90 | 0.99 | 4.68 | 1,000.00 | 1,020.21 | 0.99 | 5.04 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 876.20 | 1.24 | 5.86 | 1,000.00 | 1,018.95 | 1.24 | 6.31 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 875.40 | 1.39 | 6.57 | 1,000.00 | 1,018.20 | 1.39 | 7.07 |
32
SHAREHOLDER EXPENSE EXAMPLES (UNAUDITED) (CONTINUED)
Actual Portfolio Return | Hypothetical (5% return before expenses) | ||||||||||||||||||||||||||||||||||
VY® Columbia Contrarian Core Portfolio | Beginning Account Value July 1, 2018 | Ending Account Value December 31, 2018 | Annualized Expense Ratio | Expenses Paid During the Period Ended December 31, 2018* | Beginning Account Value July 1, 2018 | Ending Account Value December 31, 2018 | Annualized Expense Ratio | Expenses Paid During the Period Ended December 31, 2018* | |||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 916.70 | 1.22 | % | $ | 5.89 | $ | 1,000.00 | $ | 1,019.06 | 1.22 | % | $ | 6.21 | |||||||||||||||||||
Class I | 1,000.00 | 919.10 | 0.72 | 3.48 | 1,000.00 | 1,021.58 | 0.72 | 3.67 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 917.70 | 0.97 | 4.69 | 1,000.00 | 1,020.32 | 0.97 | 4.94 | |||||||||||||||||||||||||||
VY® Columbia Small Cap Value II Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 806.40 | 1.37 | % | $ | 6.24 | $ | 1,000.00 | $ | 1,018.30 | 1.37 | % | $ | 6.97 | |||||||||||||||||||
Class I | 1,000.00 | 808.30 | 0.87 | 3.97 | 1,000.00 | 1,020.82 | 0.87 | 4.43 | |||||||||||||||||||||||||||
Class R6 | 1,000.00 | 807.90 | 0.87 | 3.96 | 1,000.00 | 1,020.82 | 0.87 | 4.43 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 807.20 | 1.12 | 5.10 | 1,000.00 | 1,019.56 | 1.12 | 5.70 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 806.50 | 1.27 | 5.78 | 1,000.00 | 1,018.80 | 1.27 | 6.46 | |||||||||||||||||||||||||||
VY® Invesco Comstock Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 875.70 | 1.23 | % | $ | 5.82 | $ | 1,000.00 | $ | 1,019.00 | 1.23 | % | $ | 6.26 | |||||||||||||||||||
Class I | 1,000.00 | 877.60 | 0.73 | 3.45 | 1,000.00 | 1,021.53 | 0.73 | 3.72 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 876.10 | 0.98 | 4.63 | 1,000.00 | 1,020.27 | 0.98 | 4.99 | |||||||||||||||||||||||||||
VY® Invesco Equity and Income Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 912.90 | 1.14 | % | $ | 5.50 | $ | 1,000.00 | $ | 1,019.46 | 1.14 | % | $ | 5.80 | |||||||||||||||||||
Class I | 1,000.00 | 915.20 | 0.64 | 3.09 | 1,000.00 | 1,021.98 | 0.64 | 3.26 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 914.10 | 0.89 | 4.29 | 1,000.00 | 1,020.72 | 0.89 | 4.53 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 913.50 | 1.02 | 4.92 | 1,000.00 | 1,020.06 | 1.02 | 5.19 | |||||||||||||||||||||||||||
VY® JPMorgan Mid Cap Value Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 880.30 | 1.38 | % | $ | 6.54 | $ | 1,000.00 | $ | 1,018.25 | 1.38 | % | $ | 7.02 | |||||||||||||||||||
Class I | 1,000.00 | 882.50 | 0.88 | 4.18 | 1,000.00 | 1,020.77 | 0.88 | 4.48 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 881.10 | 1.13 | 5.36 | 1,000.00 | 1,019.51 | 1.13 | 5.75 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 880.60 | 1.28 | 6.07 | 1,000.00 | 1,018.75 | 1.28 | 6.51 | |||||||||||||||||||||||||||
VY® Oppenheimer Global Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 850.30 | 1.25 | % | $ | 5.83 | $ | 1,000.00 | $ | 1,018.90 | 1.25 | % | $ | 6.36 | |||||||||||||||||||
Class I | 1,000.00 | 852.40 | 0.75 | 3.50 | 1,000.00 | 1,021.42 | 0.75 | 3.82 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 851.50 | 1.00 | 4.67 | 1,000.00 | 1,020.16 | 1.00 | 5.09 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 850.20 | 1.15 | 5.36 | 1,000.00 | 1,019.41 | 1.15 | 5.85 | |||||||||||||||||||||||||||
VY® Pioneer High Yield Portfolio | |||||||||||||||||||||||||||||||||||
Class I | $ | 1,000.00 | $ | 972.90 | 0.71 | % | $ | 3.53 | $ | 1,000.00 | $ | 1,021.63 | 0.71 | % | $ | 3.62 | |||||||||||||||||||
Class S | 1,000.00 | 971.60 | 0.96 | 4.77 | 1,000.00 | 1,020.37 | 0.96 | 4.89 | |||||||||||||||||||||||||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 911.90 | 1.27 | % | $ | 6.12 | $ | 1,000.00 | $ | 1,018.80 | 1.27 | % | $ | 6.46 | |||||||||||||||||||
Class I | 1,000.00 | 914.60 | 0.77 | 3.72 | 1,000.00 | 1,021.32 | 0.77 | 3.92 | |||||||||||||||||||||||||||
Class R6 | 1,000.00 | 913.80 | 0.77 | 3.71 | 1,000.00 | 1,021.32 | 0.77 | 3.92 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 913.90 | 1.02 | 4.92 | 1,000.00 | 1,020.06 | 1.02 | 5.19 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 912.40 | 1.17 | 5.64 | 1,000.00 | 1,019.31 | 1.17 | 5.96 |
33
SHAREHOLDER EXPENSE EXAMPLES (UNAUDITED) (CONTINUED)
Actual Portfolio Return | Hypothetical (5% return before expenses) | ||||||||||||||||||||||||||||||||||
VY® T. Rowe Price Growth Equity Portfolio | Beginning Account Value July 1, 2018 | Ending Account Value December 31, 2018 | Annualized Expense Ratio | Expenses Paid During the Period Ended December 31, 2018* | Beginning Account Value July 1, 2018 | Ending Account Value December 31, 2018 | Annualized Expense Ratio | Expenses Paid During the Period Ended December 31, 2018* | |||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 898.10 | 1.21 | % | $ | 5.79 | $ | 1,000.00 | $ | 1,019.11 | 1.21 | % | $ | 6.16 | |||||||||||||||||||
Class I | 1,000.00 | 900.30 | 0.71 | 3.40 | 1,000.00 | 1,021.63 | 0.71 | 3.62 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 899.10 | 0.96 | 4.60 | 1,000.00 | 1,020.37 | 0.96 | 4.89 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 898.50 | 1.11 | 5.31 | 1,000.00 | 1,019.61 | 1.11 | 5.65 | |||||||||||||||||||||||||||
VY® Templeton Foreign Equity Portfolio | |||||||||||||||||||||||||||||||||||
Class ADV | $ | 1,000.00 | $ | 880.50 | 1.40 | % | $ | 6.64 | $ | 1,000.00 | $ | 1,018.15 | 1.40 | % | $ | 7.12 | |||||||||||||||||||
Class I | 1,000.00 | 882.50 | 0.90 | 4.27 | 1,000.00 | 1,020.67 | 0.90 | 4.58 | |||||||||||||||||||||||||||
Class S | 1,000.00 | 881.40 | 1.15 | 5.45 | 1,000.00 | 1,019.41 | 1.15 | 5.85 | |||||||||||||||||||||||||||
Class S2 | 1,000.00 | 881.10 | 1.30 | 6.16 | 1,000.00 | 1,018.65 | 1.30 | 6.61 |
* Expenses are equal to each Portfolio's respective annualized expense ratios multiplied by the average account value over the period, multiplied by 184/365 to reflect the most recent fiscal half-year.
34
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Directors
Voya Partners, Inc.:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of Voya Global Bond Portfolio, VY® American Century Small-Mid Cap Value Portfolio, VY® Baron Growth Portfolio, VY® Columbia Contrarian Core Portfolio, VY® Columbia Small Cap Value II Portfolio, VY® Invesco Comstock Portfolio, VY® Invesco Equity and Income Portfolio, VY® JPMorgan Mid Cap Value Portfolio, VY® Oppenheimer Global Portfolio, VY® Pioneer High Yield Portfolio, VY® T. Rowe Price Diversified Mid Cap Growth Portfolio, VY® T. Rowe Price Growth Equity Portfolio, and VY® Templeton Foreign Equity Portfolio (the Funds), each a series of Voya Partners, Inc., including the summary portfolios of investments, as of December 31, 2018, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements), and the financial highlights for each of the years or periods in the five-year period then ended. In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Funds as of December 31, 2018, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years or periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2018, by correspondence with the custodian, transfer agent and brokers or by other appropriate auditing procedures when replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more Voya investment companies since 1975.
Boston, Massachusetts
February 22, 2019
35
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018
Voya Global Bond Portfolio | VY® American Century Small-Mid Cap Value Portfolio | VY® Baron Growth Portfolio | VY® Columbia Contrarian Core Portfolio | ||||||||||||||||
ASSETS: | |||||||||||||||||||
Investments in securities at fair value+* | $ | 141,197,651 | $ | 307,091,215 | $ | 664,420,696 | $ | 245,507,406 | |||||||||||
Investments in affiliates at fair value** | 50,089,185 | — | — | — | |||||||||||||||
Short-term investments at fair value*** | 7,627,574 | 15,787,238 | 4,545,339 | 5,169,457 | |||||||||||||||
Cash collateral for futures | 1,705,162 | — | — | — | |||||||||||||||
Cash pledged for centrally cleared swaps (Note 2) | 3,867,000 | — | — | — | |||||||||||||||
Cash pledged as collateral for OTC derivatives (Note 2) | 940,000 | — | — | — | |||||||||||||||
Foreign currencies at value**** | 6,987 | 49,312 | — | — | |||||||||||||||
Receivables: | |||||||||||||||||||
Investment securities sold | 186,864 | 1,308,451 | 190,449 | 1,565,294 | |||||||||||||||
Fund shares sold | 1,745 | 1,898,130 | 1,072,268 | 1,578,020 | |||||||||||||||
Dividends | 13,631 | 698,576 | 1,093,068 | 293,320 | |||||||||||||||
Interest | 1,239,367 | — | — | — | |||||||||||||||
Foreign tax reclaims | — | 3,229 | — | — | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | 2,004,818 | 17,027 | — | — | |||||||||||||||
Unrealized appreciation on forward premium swaptions | 330,710 | — | — | — | |||||||||||||||
Variation margin receivable on centrally cleared swaps | 48,019 | — | — | — | |||||||||||||||
Prepaid expenses | 1,068 | 1,744 | 3,495 | 1,512 | |||||||||||||||
Reimbursement due from manager | — | 60,176 | — | 43,496 | |||||||||||||||
Other assets | 13,120 | 10,075 | 29,730 | 13,205 | |||||||||||||||
Total assets | 209,272,901 | 326,925,173 | 671,355,045 | 254,171,710 | |||||||||||||||
LIABILITIES: | |||||||||||||||||||
Payable for investment securities purchased | 33,430 | 1,499,068 | — | 2,573,184 | |||||||||||||||
Payable for fund shares redeemed | 473,454 | 421,814 | 1,311,824 | 103 | |||||||||||||||
Payable for foreign cash collateral for futures***** | 37,622 | — | — | — | |||||||||||||||
Payable upon receipt of securities loaned | 715,985 | 7,887,149 | — | — | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | 1,383,069 | 133,154 | — | — | |||||||||||||||
Cash received as collateral for OTC derivatives (Note 2) | 100,000 | — | — | — | |||||||||||||||
Payable for investment management fees | 104,344 | 303,847 | 568,376 | 198,594 | |||||||||||||||
Payable for distribution and shareholder service fees | 17,136 | 58,545 | 138,068 | 58,061 | |||||||||||||||
Payable to custodian due to bank overdraft | 1,135 | — | — | — | |||||||||||||||
Payable to directors under the deferred compensation plan (Note 6) | 13,120 | 10,075 | 29,730 | 13,205 | |||||||||||||||
Payable for directors fees | 1,094 | 1,848 | 3,856 | 1,509 | |||||||||||||||
Other accrued expenses and liabilities | 50,388 | 70,502 | 115,518 | 54,929 | |||||||||||||||
Written options, at fair value^ | 1,858,642 | — | — | — | |||||||||||||||
Total liabilities | 4,789,419 | 10,386,002 | 2,167,372 | 2,899,585 | |||||||||||||||
NET ASSETS | $ | 204,483,482 | $ | 316,539,171 | $ | 669,187,673 | $ | 251,272,125 | |||||||||||
NET ASSETS WERE COMPRISED OF: | |||||||||||||||||||
Paid-in capital | $ | 211,637,283 | $ | 330,821,728 | $ | 194,890,640 | $ | 204,632,201 | |||||||||||
Total distributable earnings (loss) | (7,153,801 | ) | (14,282,557 | ) | 474,297,033 | 46,639,924 | |||||||||||||
NET ASSETS | $ | 204,483,482 | $ | 316,539,171 | $ | 669,187,673 | $ | 251,272,125 | |||||||||||
+ Including securities loaned at value | $ | 680,470 | $ | 7,679,132 | $ | — | $ | — | |||||||||||
* Cost of investments in securities | $ | 144,291,388 | $ | 356,549,536 | $ | 252,224,971 | $ | 231,455,786 | |||||||||||
** Cost of investments in affiliates | $ | 56,555,167 | $ | — | $ | — | $ | — | |||||||||||
*** Cost of short-term investments | $ | 7,627,709 | $ | 15,787,238 | $ | 4,545,339 | $ | 5,169,457 | |||||||||||
**** Cost of foreign currencies | $ | 9,570 | $ | 49,312 | $ | — | $ | — | |||||||||||
***** Cost of payable for foreign cash collateral for futures | $ | 37,622 | $ | — | $ | — | $ | — | |||||||||||
^ Premiums received on written options | $ | 334,170 | $ | — | $ | — | $ | — |
See Accompanying Notes to Financial Statements
36
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018 (CONTINUED)
Voya Global Bond Portfolio | VY® American Century Small-Mid Cap Value Portfolio | VY® Baron Growth Portfolio | VY® Columbia Contrarian Core Portfolio | ||||||||||||||||
Class ADV: | |||||||||||||||||||
Net assets | $ | 22,161,184 | $ | 91,282,932 | $ | 82,126,266 | $ | 21,087,555 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 2,146,266 | 9,473,868 | 3,333,912 | 1,113,374 | |||||||||||||||
Net asset value and redemption price per share | $ | 10.33 | $ | 9.64 | $ | 24.63 | $ | 18.94 | |||||||||||
Class I: | |||||||||||||||||||
Net assets | $ | 146,473,302 | $ | 142,379,474 | $ | 118,743,341 | $ | 7,981,707 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 13,937,376 | 13,818,427 | 4,331,415 | 398,935 | |||||||||||||||
Net asset value and redemption price per share | $ | 10.51 | $ | 10.30 | $ | 27.41 | $ | 20.01 | |||||||||||
Class R6: | |||||||||||||||||||
Net assets | n/a | n/a | $ | 15,006,797 | n/a | ||||||||||||||
Shares authorized | n/a | n/a | 100,000,000 | n/a | |||||||||||||||
Par value | n/a | n/a | $ | 0.001 | n/a | ||||||||||||||
Shares outstanding | n/a | n/a | 547,084 | n/a | |||||||||||||||
Net asset value and redemption price per share | n/a | n/a | $ | 27.43 | n/a | ||||||||||||||
Class S: | |||||||||||||||||||
Net assets | $ | 35,848,996 | $ | 79,985,770 | $ | 451,686,512 | $ | 222,202,863 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 3,415,309 | 7,885,276 | 17,309,128 | 11,358,770 | |||||||||||||||
Net asset value and redemption price per share | $ | 10.50 | $ | 10.14 | $ | 26.10 | $ | 19.56 | |||||||||||
Class S2: | |||||||||||||||||||
Net assets | n/a | $ | 2,890,995 | $ | 1,624,757 | n/a | |||||||||||||
Shares authorized | n/a | 100,000,000 | 100,000,000 | n/a | |||||||||||||||
Par value | n/a | $ | 0.001 | $ | 0.001 | n/a | |||||||||||||
Shares outstanding | n/a | 300,459 | 65,331 | n/a | |||||||||||||||
Net asset value and redemption price per share | n/a | $ | 9.62 | $ | 24.87 | n/a |
See Accompanying Notes to Financial Statements
37
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018
VY® Columbia Small Cap Value II Portfolio | VY® Invesco Comstock Portfolio | VY® Invesco Equity and Income Portfolio | VY® JPMorgan Mid Cap Value Portfolio | ||||||||||||||||
ASSETS: | |||||||||||||||||||
Investments in securities at fair value+* | $ | 152,752,187 | $ | 428,406,759 | $ | 1,247,068,793 | $ | 408,604,626 | |||||||||||
Short-term investments at fair value** | 2,508,689 | 20,983,920 | 63,319,752 | 4,621,569 | |||||||||||||||
Cash | — | 3,290 | — | — | |||||||||||||||
Foreign currencies at value*** | — | 3,811 | 481,779 | — | |||||||||||||||
Receivables: | |||||||||||||||||||
Investment securities sold | 490,518 | — | — | — | |||||||||||||||
Fund shares sold | 2,957,864 | 13,392,481 | 2,458,846 | 1,887,962 | |||||||||||||||
Dividends | 308,729 | 633,771 | 1,657,392 | 697,077 | |||||||||||||||
Interest | — | — | 2,514,828 | — | |||||||||||||||
Foreign tax reclaims | — | 180,339 | 391,214 | — | |||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 130,411 | 177,896 | — | |||||||||||||||
Prepaid expenses | 979 | 2,379 | 7,773 | 2,598 | |||||||||||||||
Reimbursement due from manager | — | — | 30,349 | — | |||||||||||||||
Other assets | 8,576 | 22,242 | 78,978 | 18,604 | |||||||||||||||
Total assets | 159,027,542 | 463,759,403 | 1,318,187,600 | 415,832,436 | |||||||||||||||
LIABILITIES: | |||||||||||||||||||
Payable for investment securities purchased | 48,187 | — | 148,561 | — | |||||||||||||||
Payable for fund shares redeemed | 118,246 | 391,894 | 579,391 | 173,533 | |||||||||||||||
Payable upon receipt of securities loaned | — | — | 18,737,398 | 759,037 | |||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 203,696 | 298,408 | — | |||||||||||||||
Payable for investment management fees | 118,372 | 278,315 | 712,061 | 310,193 | |||||||||||||||
Payable for distribution and shareholder service fees | 32,488 | 59,706 | 227,964 | 77,079 | |||||||||||||||
Payable to directors under the deferred compensation plan (Note 6) | 8,576 | 22,242 | 78,978 | 18,604 | |||||||||||||||
Payable for directors fees | 1,003 | 2,629 | 7,747 | 2,565 | |||||||||||||||
Other accrued expenses and liabilities | 35,753 | 100,043 | 300,708 | 87,237 | |||||||||||||||
Total liabilities | 362,625 | 1,058,525 | 21,091,216 | 1,428,248 | |||||||||||||||
NET ASSETS | $ | 158,664,917 | $ | 462,700,878 | $ | 1,297,096,384 | $ | 414,404,188 | |||||||||||
NET ASSETS WERE COMPRISED OF: | |||||||||||||||||||
Paid-in capital | $ | 137,925,359 | $ | 416,273,462 | $ | 1,237,159,161 | $ | 311,536,732 | |||||||||||
Total distributable earnings | 20,739,558 | 46,427,416 | 59,937,223 | 102,867,456 | |||||||||||||||
NET ASSETS | $ | 158,664,917 | $ | 462,700,878 | $ | 1,297,096,384 | $ | 414,404,188 | |||||||||||
+ Including securities loaned at value | $ | — | $ | — | $ | 18,311,276 | $ | 737,139 | |||||||||||
* Cost of investments in securities | $ | 152,831,246 | $ | 421,497,874 | $ | 1,255,926,519 | $ | 359,382,609 | |||||||||||
** Cost of short-term investments | $ | 2,508,689 | $ | 20,983,920 | $ | 63,319,752 | $ | 4,621,569 | |||||||||||
*** Cost of foreign currencies | $ | — | $ | 3,776 | $ | 480,652 | $ | — |
See Accompanying Notes to Financial Statements
38
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018 (CONTINUED)
VY® Columbia Small Cap Value II Portfolio | VY® Invesco Comstock Portfolio | VY® Invesco Equity and Income Portfolio | VY® JPMorgan Mid Cap Value Portfolio | ||||||||||||||||
Class ADV: | |||||||||||||||||||
Net assets | $ | 27,724,976 | $ | 28,005,870 | $ | 43,200,143 | $ | 80,242,905 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 1,922,989 | 1,610,783 | 1,109,098 | 5,099,533 | |||||||||||||||
Net asset value and redemption price per share | $ | 14.42 | $ | 17.39 | $ | 38.95 | $ | 15.74 | |||||||||||
Class I: | |||||||||||||||||||
Net assets | $ | 33,886,598 | $ | 219,086,261 | $ | 468,289,261 | $ | 144,880,098 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 2,268,679 | 12,506,108 | 11,842,104 | 8,955,240 | |||||||||||||||
Net asset value and redemption price per share | $ | 14.94 | $ | 17.52 | $ | 39.54 | $ | 16.18 | |||||||||||
Class R6: | |||||||||||||||||||
Net assets | $ | 5,348,710 | n/a | n/a | n/a | ||||||||||||||
Shares authorized | 100,000,000 | n/a | n/a | n/a | |||||||||||||||
Par value | $ | 0.001 | n/a | n/a | n/a | ||||||||||||||
Shares outstanding | 357,894 | n/a | n/a | n/a | |||||||||||||||
Net asset value and redemption price per share | $ | 14.94 | n/a | n/a | n/a | ||||||||||||||
Class S: | |||||||||||||||||||
Net assets | $ | 89,273,591 | $ | 215,608,747 | $ | 463,988,879 | $ | 187,164,753 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 6,006,645 | 12,310,508 | 11,807,133 | 11,689,502 | |||||||||||||||
Net asset value and redemption price per share | $ | 14.86 | $ | 17.51 | $ | 39.30 | $ | 16.01 | |||||||||||
Class S2: | |||||||||||||||||||
Net assets | $ | 2,431,042 | n/a | $ | 321,618,101 | $ | 2,116,432 | ||||||||||||
Shares authorized | 100,000,000 | n/a | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | n/a | $ | 0.001 | $ | 0.001 | ||||||||||||
Shares outstanding | 168,852 | n/a | 8,300,227 | 134,874 | |||||||||||||||
Net asset value and redemption price per share | $ | 14.40 | n/a | $ | 38.75 | $ | 15.69 |
See Accompanying Notes to Financial Statements
39
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018
VY® Oppenheimer Global Portfolio | VY® Pioneer High Yield Portfolio | VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | VY® T. Rowe Price Growth Equity Portfolio | ||||||||||||||||
ASSETS: | |||||||||||||||||||
Investments in securities at fair value+* | $ | 1,317,260,402 | $ | 84,579,653 | $ | 885,394,617 | $ | 1,662,751,412 | |||||||||||
Short-term investments at fair value** | 24,797,945 | 11,017,502 | 16,459,753 | 8,808,675 | |||||||||||||||
Cash | — | 281,305 | 1,336,659 | 5,852,844 | |||||||||||||||
Cash collateral for futures | — | 72,388 | — | — | |||||||||||||||
Cash collateral for centrally cleared swaps (Note 2) | — | 226,531 | — | — | |||||||||||||||
Receivables: | |||||||||||||||||||
Investment securities sold | — | 3,616,530 | — | — | |||||||||||||||
Fund shares sold | 2,519,244 | 21,127 | 479,225 | 1,421,615 | |||||||||||||||
Dividends | 378,913 | 16,322 | 512,460 | 3,721,503 | |||||||||||||||
Interest | — | 1,233,753 | — | 28,558 | |||||||||||||||
Foreign tax reclaims | 1,850,403 | — | — | — | |||||||||||||||
Prepaid expenses | 8,379 | 471 | 4,837 | 8,450 | |||||||||||||||
Reimbursement due from manager | — | 6,311 | — | — | |||||||||||||||
Other assets | 68,800 | 5,210 | 36,157 | 58,308 | |||||||||||||||
Total assets | 1,346,884,086 | 101,077,103 | 904,223,708 | 1,682,651,365 | |||||||||||||||
LIABILITIES: | |||||||||||||||||||
Payable for investment securities purchased | — | 7,900,812 | 486 | 4,723 | |||||||||||||||
Payable for fund shares redeemed | 2,237,059 | 186,033 | 21,818 | 2,028,063 | |||||||||||||||
Payable upon receipt of securities loaned | 8,653,352 | — | 16,458,930 | 8,802,952 | |||||||||||||||
Variation margin payable on centrally cleared swaps | — | 4,038 | — | — | |||||||||||||||
Payable for investment management fees | 814,521 | 55,932 | 573,951 | 987,498 | |||||||||||||||
Payable for distribution and shareholder service fees | 81,579 | 423 | 37,358 | 179,604 | |||||||||||||||
Payable to directors under the deferred compensation plan (Note 6) | 68,800 | 5,210 | 36,157 | 58,308 | |||||||||||||||
Payable for directors fees | 8,332 | 502 | 5,092 | 9,335 | |||||||||||||||
Payable for borrowings against line of credit | — | 813,000 | — | — | |||||||||||||||
Other accrued expenses and liabilities | 330,593 | 27,425 | 86,027 | 187,902 | |||||||||||||||
Total liabilities | 12,194,236 | 8,993,375 | 17,219,819 | 12,258,385 | |||||||||||||||
NET ASSETS | $ | 1,334,689,850 | $ | 92,083,728 | $ | 887,003,889 | $ | 1,670,392,980 | |||||||||||
NET ASSETS WERE COMPRISED OF: | |||||||||||||||||||
Paid-in capital | $ | 664,402,947 | $ | 97,442,723 | $ | 610,634,792 | $ | 1,204,888,404 | |||||||||||
Total distributable earnings (loss) | 670,286,903 | (5,358,995 | ) | 276,369,097 | 465,504,576 | ||||||||||||||
NET ASSETS | $ | 1,334,689,850 | $ | 92,083,728 | $ | 887,003,889 | $ | 1,670,392,980 | |||||||||||
+ Including securities loaned at value | $ | 8,339,504 | $ | — | $ | 15,990,459 | $ | 8,596,684 | |||||||||||
* Cost of investments in securities | $ | 890,216,043 | $ | 89,853,799 | $ | 718,865,627 | $ | 1,406,126,053 | |||||||||||
** Cost of short-term investments | $ | 24,797,945 | $ | 11,017,525 | $ | 16,459,753 | $ | 8,808,675 |
See Accompanying Notes to Financial Statements
40
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018 (CONTINUED)
VY® Oppenheimer Global Portfolio | VY® Pioneer High Yield Portfolio | VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | VY® T. Rowe Price Growth Equity Portfolio | ||||||||||||||||
Class ADV: | |||||||||||||||||||
Net assets | $ | 101,758,881 | n/a | $ | 61,178,672 | $ | 239,403,659 | ||||||||||||
Shares authorized | 100,000,000 | n/a | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | n/a | $ | 0.001 | $ | 0.001 | ||||||||||||
Shares outstanding | 5,965,622 | n/a | 6,734,554 | 3,373,863 | |||||||||||||||
Net asset value and redemption price per share | $ | 17.06 | n/a | $ | 9.08 | $ | 70.96 | ||||||||||||
Class I: | |||||||||||||||||||
Net assets | $ | 1,061,448,101 | $ | 90,089,028 | $ | 763,686,462 | $ | 1,092,998,074 | |||||||||||
Shares authorized | 250,000,000 | 100,000,000 | 250,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 59,440,897 | 8,157,085 | 75,316,044 | 14,004,997 | |||||||||||||||
Net asset value and redemption price per share | $ | 17.86 | $ | 11.04 | $ | 10.14 | $ | 78.04 | |||||||||||
Class R6: | |||||||||||||||||||
Net assets | n/a | n/a | $ | 15,641,872 | n/a | ||||||||||||||
Shares authorized | n/a | n/a | 100,000,000 | n/a | |||||||||||||||
Par value | n/a | n/a | $ | 0.001 | n/a | ||||||||||||||
Shares outstanding | n/a | n/a | 1,541,897 | n/a | |||||||||||||||
Net asset value and redemption price per share | n/a | n/a | $ | 10.14 | n/a | ||||||||||||||
Class S: | |||||||||||||||||||
Net assets | $ | 167,519,699 | $ | 1,994,700 | $ | 42,403,181 | $ | 329,427,392 | |||||||||||
Shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | $ | 0.001 | $ | 0.001 | $ | 0.001 | |||||||||||
Shares outstanding | 9,759,123 | 180,819 | 4,355,022 | 4,419,440 | |||||||||||||||
Net asset value and redemption price per share | $ | 17.17 | $ | 11.03 | $ | 9.74 | $ | 74.54 | |||||||||||
Class S2: | |||||||||||||||||||
Net assets | $ | 3,963,169 | n/a | $ | 4,093,702 | $ | 8,563,855 | ||||||||||||
Shares authorized | 100,000,000 | n/a | 100,000,000 | 100,000,000 | |||||||||||||||
Par value | $ | 0.001 | n/a | $ | 0.001 | $ | 0.001 | ||||||||||||
Shares outstanding | 237,695 | n/a | 448,180 | 118,778 | |||||||||||||||
Net asset value and redemption price per share | $ | 16.67 | n/a | $ | 9.13 | $ | 72.10 |
See Accompanying Notes to Financial Statements
41
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018
VY® Templeton Foreign Equity Portfolio | |||||||
ASSETS: | |||||||
Investments in securities at fair value+* | $ | 455,230,868 | |||||
Short-term investments at fair value** | 17,815,095 | ||||||
Foreign currencies at value*** | 9,705 | ||||||
Receivables: | |||||||
Investment securities sold | 25,854 | ||||||
Fund shares sold | 5,337,017 | ||||||
Dividends | 823,176 | ||||||
Foreign tax reclaims | 1,335,578 | ||||||
Prepaid expenses | 2,917 | ||||||
Reimbursement due from manager | 29,323 | ||||||
Other assets | 51,576 | ||||||
Total assets | 480,661,109 | ||||||
LIABILITIES: | |||||||
Payable for investment securities purchased | 25,854 | ||||||
Payable for fund shares redeemed | 639,622 | ||||||
Payable upon receipt of securities loaned | 4,482,018 | ||||||
Payable for investment management fees | 367,106 | ||||||
Payable for distribution and shareholder service fees | 79,030 | ||||||
Payable to directors under the deferred compensation plan (Note 6) | 51,576 | ||||||
Payable for directors fees | 2,850 | ||||||
Other accrued expenses and liabilities | 177,671 | ||||||
Total liabilities | 5,825,727 | ||||||
NET ASSETS | $ | 474,835,382 | |||||
NET ASSETS WERE COMPRISED OF: | |||||||
Paid-in capital | $ | 409,626,832 | |||||
Total distributable earnings | 65,208,550 | ||||||
NET ASSETS | $ | 474,835,382 | |||||
+ Including securities loaned at value | $ | 4,314,663 | |||||
* Cost of investments in securities | $ | 435,815,266 | |||||
** Cost of short-term investments | $ | 17,814,402 | |||||
*** Cost of foreign currencies | $ | 9,705 |
See Accompanying Notes to Financial Statements
42
STATEMENTS OF ASSETS AND LIABILITIES AS OF DECEMBER 31, 2018 (CONTINUED)
VY® Templeton Foreign Equity Portfolio | |||||||
Class ADV: | |||||||
Net assets | $ | 30,149,372 | |||||
Shares authorized | 100,000,000 | ||||||
Par value | $ | 0.001 | |||||
Shares outstanding | 2,771,748 | ||||||
Net asset value and redemption price per share | $ | 10.88 | |||||
Class I: | |||||||
Net assets | $ | 135,229,458 | |||||
Shares authorized | 100,000,000 | ||||||
Par value | $ | 0.001 | |||||
Shares outstanding | 12,294,879 | ||||||
Net asset value and redemption price per share | $ | 11.00 | |||||
Class S: | |||||||
Net assets | $ | 309,059,426 | |||||
Shares authorized | 100,000,000 | ||||||
Par value | $ | 0.001 | |||||
Shares outstanding | 28,282,123 | ||||||
Net asset value and redemption price per share | $ | 10.93 | |||||
Class S2: | |||||||
Net assets | $ | 397,126 | |||||
Shares authorized | 100,000,000 | ||||||
Par value | $ | 0.001 | |||||
Shares outstanding | 36,149 | ||||||
Net asset value and redemption price per share | $ | 10.99 |
See Accompanying Notes to Financial Statements
43
STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2018
Voya Global Bond Portfolio | VY® American Century Small-Mid Cap Value Portfolio | VY® Baron Growth Portfolio | VY® Columbia Contrarian Core Portfolio | ||||||||||||||||
INVESTMENT INCOME: | |||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 89,169 | $ | 7,701,585 | $ | 8,942,337 | $ | 5,498,491 | |||||||||||
Interest, net of foreign taxes withheld* | 6,270,924 | — | 115 | — | |||||||||||||||
Dividends from affiliated underlying funds | 2,048,107 | — | — | — | |||||||||||||||
Securities lending income, net | 43,720 | 161,970 | — | — | |||||||||||||||
Other | — | 39,395 | — | — | |||||||||||||||
Total investment income | 8,451,920 | 7,902,950 | 8,942,452 | 5,498,491 | |||||||||||||||
EXPENSES: | |||||||||||||||||||
Investment management fees | 1,312,939 | 4,006,468 | 7,327,013 | 2,715,042 | |||||||||||||||
Distribution and shareholder service fees: | |||||||||||||||||||
Class ADV | 118,655 | 548,296 | 464,544 | 134,040 | |||||||||||||||
Class S | 98,731 | 249,979 | 1,305,618 | 663,087 | |||||||||||||||
Class S2 | — | 16,964 | 8,265 | — | |||||||||||||||
Transfer agent fees | 366 | 1,268 | 1,375 | 743 | |||||||||||||||
Shareholder reporting expense | 27,206 | 36,965 | 77,798 | 32,290 | |||||||||||||||
Professional fees | 21,226 | 31,519 | 51,619 | 27,565 | |||||||||||||||
Custody and accounting expense | 82,370 | 131,529 | 79,417 | 42,392 | |||||||||||||||
Directors fees | 8,753 | 14,787 | 30,851 | 12,067 | |||||||||||||||
Miscellaneous expense | 13,420 | 25,536 | 39,785 | 18,852 | |||||||||||||||
Interest expense | 8,864 | 27 | 9,670 | 43 | |||||||||||||||
Total expenses | 1,692,530 | 5,063,338 | 9,395,955 | 3,646,121 | |||||||||||||||
Waived and reimbursed fees | (54,437 | ) | (1,088,385 | ) | — | (664,436 | ) | ||||||||||||
Brokerage commission recapture | — | — | (1,491 | ) | (21,739 | ) | |||||||||||||
Net expenses | 1,638,093 | 3,974,953 | 9,394,464 | 2,959,946 | |||||||||||||||
Net investment income (loss) | 6,813,827 | 3,927,997 | (452,012 | ) | 2,538,545 | ||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||||||
Net realized gain (loss) on: | |||||||||||||||||||
Investments | 2,169,380 | 34,194,950 | 68,151,555 | 31,113,613 | |||||||||||||||
Sale of affiliated underlying funds | (4,350,397 | ) | — | — | — | ||||||||||||||
Forward foreign currency contracts | (1,022,759 | ) | 651,064 | — | — | ||||||||||||||
Foreign currency related transactions | 25,860 | (4,925 | ) | (1,675 | ) | 2,700 | |||||||||||||
Futures | 1,008,184 | — | — | — | |||||||||||||||
Swaps | 329,827 | — | — | — | |||||||||||||||
Written options | (3,315,053 | ) | — | — | — | ||||||||||||||
Net realized gain (loss) | (5,154,958 | ) | 34,841,089 | 68,149,880 | 31,116,313 | ||||||||||||||
Net change in unrealized appreciation (depreciation) on: | |||||||||||||||||||
Investments | (4,594,156 | ) | (92,280,607 | ) | (79,072,995 | ) | (57,899,017 | ) | |||||||||||
Affiliated underlying funds | (977,812 | ) | — | — | — | ||||||||||||||
Forward foreign currency contracts | (725,902 | ) | 16,341 | — | — | ||||||||||||||
Foreign currency related transactions | 84,749 | (784 | ) | — | — | ||||||||||||||
Futures | 364,210 | — | — | — | |||||||||||||||
Swaps | 1,670,110 | — | — | — | |||||||||||||||
Written options | (2,124,636 | ) | — | — | — | ||||||||||||||
Net change in unrealized appreciation (depreciation) | (6,303,437 | ) | (92,265,050 | ) | (79,072,995 | ) | (57,899,017 | ) | |||||||||||
Net realized and unrealized loss | (11,458,395 | ) | (57,423,961 | ) | (10,923,115 | ) | (26,782,704 | ) | |||||||||||
Decrease in net assets resulting from operations | $ | (4,644,568 | ) | $ | (53,495,964 | ) | $ | (11,375,127 | ) | $ | (24,244,159 | ) | |||||||
*Foreign taxes withheld | $ | 2,752 | $ | 26,803 | $ | — | $ | 21,848 |
See Accompanying Notes to Financial Statements
44
STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2018
VY® Columbia Small Cap Value II Portfolio | VY® Invesco Comstock Portfolio | VY® Invesco Equity and Income Portfolio | VY® JPMorgan Mid Cap Value Portfolio | ||||||||||||||||
INVESTMENT INCOME: | |||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 2,756,427 | $ | 12,663,469 | $ | 25,587,988 | $ | 11,016,210 | |||||||||||
Interest | — | — | 13,435,157 | — | |||||||||||||||
Securities lending income, net | — | 22,735 | 347,946 | 69,438 | |||||||||||||||
Other | — | — | 23,197 | 20,663 | |||||||||||||||
Total investment income | 2,756,427 | 12,686,204 | 39,394,288 | 11,106,311 | |||||||||||||||
EXPENSES: | |||||||||||||||||||
Investment management fees | 1,704,662 | 3,680,536 | 9,801,556 | 4,336,318 | |||||||||||||||
Distribution and shareholder service fees: | |||||||||||||||||||
Class ADV | 173,360 | 170,535 | 260,669 | 468,296 | |||||||||||||||
Class S | 286,597 | 664,306 | 1,390,605 | 579,592 | |||||||||||||||
Class S2 | 12,819 | — | 1,540,868 | 11,134 | |||||||||||||||
Transfer agent fees | 745 | 1,307 | 2,655 | 1,056 | |||||||||||||||
Shareholder reporting expense | 24,424 | 50,370 | 151,456 | 48,685 | |||||||||||||||
Professional fees | 21,071 | 42,705 | 113,979 | 38,146 | |||||||||||||||
Custody and accounting expense | 24,622 | 90,899 | 234,471 | 59,245 | |||||||||||||||
Directors fees | 8,022 | 21,032 | 61,977 | 20,519 | |||||||||||||||
Miscellaneous expense | 19,043 | 28,600 | 79,048 | 26,577 | |||||||||||||||
Interest expense | 10 | 48 | 1 | 43 | |||||||||||||||
Total expenses | 2,275,375 | 4,750,338 | 13,637,285 | 5,589,611 | |||||||||||||||
Waived and reimbursed fees | (53,171 | ) | (93,488 | ) | (570,587 | ) | (3,464 | ) | |||||||||||
Brokerage commission recapture | (30,844 | ) | (1,076 | ) | (17,955 | ) | (2,859 | ) | |||||||||||
Net expenses | 2,191,360 | 4,655,774 | 13,048,743 | 5,583,288 | |||||||||||||||
Net investment income | 565,067 | 8,030,430 | 26,345,545 | 5,523,023 | |||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||||||
Net realized gain (loss) on: | |||||||||||||||||||
Investments | 20,249,835 | 42,019,852 | 71,382,722 | 54,383,439 | |||||||||||||||
Forward foreign currency contracts | — | 1,012,571 | 3,859,366 | — | |||||||||||||||
Foreign currency related transactions | — | (111,956 | ) | (50,153 | ) | — | |||||||||||||
Net realized gain | 20,249,835 | 42,920,467 | 75,191,935 | 54,383,439 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on: | |||||||||||||||||||
Investments | (54,637,824 | ) | (114,064,931 | ) | (242,442,061 | ) | (116,778,313 | ) | |||||||||||
Forward foreign currency contracts | — | 737,208 | 1,357,604 | — | |||||||||||||||
Foreign currency related transactions | — | (451 | ) | (1,788 | ) | — | |||||||||||||
Net change in unrealized appreciation (depreciation) | (54,637,824 | ) | (113,328,174 | ) | (241,086,245 | ) | (116,778,313 | ) | |||||||||||
Net realized and unrealized loss | (34,387,989 | ) | (70,407,707 | ) | (165,894,310 | ) | (62,394,874 | ) | |||||||||||
Decrease in net assets resulting from operations | $ | (33,822,922 | ) | $ | (62,377,277 | ) | $ | (139,548,765 | ) | $ | (56,871,851 | ) | |||||||
*Foreign taxes withheld | $ | 8,934 | $ | 343,684 | $ | 513,295 | $ | — |
See Accompanying Notes to Financial Statements
45
STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2018
VY® Oppenheimer Global Portfolio | VY® Pioneer High Yield Portfolio | VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | VY® T. Rowe Price Growth Equity Portfolio | ||||||||||||||||
INVESTMENT INCOME: | |||||||||||||||||||
Dividends, net of foreign taxes withheld* | $ | 23,988,839 | $ | 145,672 | $ | 11,254,744 | $ | 17,429,912 | |||||||||||
Interest | 713 | 5,633,610 | 1,296 | 123,935 | |||||||||||||||
Securities lending income, net | 554,230 | — | 217,337 | 610,878 | |||||||||||||||
Other | 46,240 | — | 67,415 | 33,531 | |||||||||||||||
Total investment income | 24,590,022 | 5,779,282 | 11,540,792 | 18,198,256 | |||||||||||||||
EXPENSES: | |||||||||||||||||||
Investment management fees | 11,665,039 | 701,703 | 7,537,002 | 13,068,749 | |||||||||||||||
Distribution and shareholder service fees: | |||||||||||||||||||
Class ADV | 604,243 | — | 334,695 | 1,321,569 | |||||||||||||||
Class S | 548,886 | 7,088 | 129,028 | 969,372 | |||||||||||||||
Class S2 | 17,701 | — | 17,423 | 38,414 | |||||||||||||||
Transfer agent fees | 2,615 | 413 | 890 | 2,764 | |||||||||||||||
Shareholder reporting expense | 148,046 | 20,196 | 80,615 | 145,696 | |||||||||||||||
Professional fees | 123,207 | 14,501 | 67,871 | 125,754 | |||||||||||||||
Custody and accounting expense | 415,028 | 32,794 | 106,291 | 211,602 | |||||||||||||||
Directors fees | 66,657 | 4,010 | 40,740 | 74,678 | |||||||||||||||
Miscellaneous expense | 76,678 | 9,850 | 38,561 | 61,533 | |||||||||||||||
Interest expense | 759 | 769 | 2,751 | 1,929 | |||||||||||||||
Total expenses | 13,668,859 | 791,324 | 8,355,867 | 16,022,060 | |||||||||||||||
Waived and reimbursed fees | — | (69,613 | ) | — | (455,167 | ) | |||||||||||||
Brokerage commission recapture | — | (49 | ) | — | — | ||||||||||||||
Net expenses | 13,668,859 | 721,662 | 8,355,867 | 15,566,893 | |||||||||||||||
Net investment income | 10,921,163 | 5,057,620 | 3,184,925 | 2,631,363 | |||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||||||||||||||
Net realized gain (loss) on: | |||||||||||||||||||
Investments (net of Indian capital gains tax withheld^) | 253,565,401 | 512,849 | 110,954,170 | 209,215,899 | |||||||||||||||
Foreign currency related transactions | (9,895 | ) | 693 | — | 4,392 | ||||||||||||||
Futures | — | 5,647 | — | — | |||||||||||||||
Swaps | — | 161,515 | — | — | |||||||||||||||
Net realized gain | 253,555,506 | 680,704 | 110,954,170 | 209,220,291 | |||||||||||||||
Net change in unrealized appreciation (depreciation) on: | |||||||||||||||||||
Investments (net of Indian capital gains tax accrued#) | (467,603,658 | ) | (8,198,699 | ) | (139,167,658 | ) | (227,281,930 | ) | |||||||||||
Foreign currency related transactions | (76,584 | ) | (40 | ) | — | 2,563 | |||||||||||||
Futures | — | 47,920 | — | — | |||||||||||||||
Swaps | — | (134,546 | ) | — | — | ||||||||||||||
Unfunded commitments | — | 3,880 | — | — | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (467,680,242 | ) | (8,281,485 | ) | (139,167,658 | ) | (227,279,367 | ) | |||||||||||
Net realized and unrealized loss | (214,124,736 | ) | (7,600,781 | ) | (28,213,488 | ) | (18,059,076 | ) | |||||||||||
Decrease in net assets resulting from operations | $ | (203,203,573 | ) | $ | (2,543,161 | ) | $ | (25,028,563 | ) | $ | (15,427,713 | ) | |||||||
* Foreign taxes withheld | $ | 2,835,140 | $ | — | $ | 33,096 | $ | 68,517 | |||||||||||
^ Foreign taxes on sale of Indian investments | $ | 86,102 | $ | — | $ | — | $ | — | |||||||||||
# Foreign taxes accrued on Indian investments | $ | 55,709 | $ | — | $ | — | $ | — |
See Accompanying Notes to Financial Statements
46
STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2018
VY® Templeton Foreign Equity Portfolio | |||||||
INVESTMENT INCOME: | |||||||
Dividends, net of foreign taxes withheld* | $ | 14,851,123 | |||||
Interest | 224,819 | ||||||
Securities lending income, net | 162,289 | ||||||
Total investment income | 15,238,231 | ||||||
EXPENSES: | |||||||
Investment management fees | 5,093,995 | ||||||
Distribution and shareholder service fees: | |||||||
Class ADV | 176,270 | ||||||
Class S | 920,613 | ||||||
Class S2 | 2,530 | ||||||
Transfer agent fees | 1,042 | ||||||
Shareholder reporting expense | 62,490 | ||||||
Professional fees | 56,021 | ||||||
Custody and accounting expense | 269,301 | ||||||
Directors fees | 22,800 | ||||||
Miscellaneous expense | 42,204 | ||||||
Interest expense | 78 | ||||||
Total expenses | 6,647,344 | ||||||
Waived and reimbursed fees | (395,363 | ) | |||||
Brokerage commission recapture | (4,483 | ) | |||||
Net expenses | 6,247,498 | ||||||
Net investment income | 8,990,733 | ||||||
REALIZED AND UNREALIZED GAIN (LOSS): | |||||||
Net realized gain (loss) on: | |||||||
Investments | 38,965,741 | ||||||
Forward foreign currency contracts | 130,045 | ||||||
Foreign currency related transactions | 9,837 | ||||||
Net realized gain | 39,105,623 | ||||||
Net change in unrealized appreciation (depreciation) on: | |||||||
Investments | (133,990,899 | ) | |||||
Forward foreign currency contracts | (362 | ) | |||||
Foreign currency related transactions | (14,852 | ) | |||||
Net change in unrealized appreciation (depreciation) | (134,006,113 | ) | |||||
Net realized and unrealized loss | (94,900,490 | ) | |||||
Decrease in net assets resulting from operations | $ | (85,909,757 | ) | ||||
*Foreign taxes withheld | $ | 1,425,184 |
See Accompanying Notes to Financial Statements
47
STATEMENTS OF CHANGES IN NET ASSETS
Voya Global Bond Portfolio | VY® American Century Small-Mid Cap Value Portfolio | ||||||||||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 6,813,827 | $ | 6,591,673 | $ | 3,927,997 | $ | 4,442,842 | |||||||||||
Net realized gain (loss) | (5,154,958 | ) | 1,173,238 | 34,841,089 | 40,348,468 | ||||||||||||||
Net change in unrealized appreciation (depreciation) | (6,303,437 | ) | 12,947,803 | (92,265,050 | ) | (6,013,186 | ) | ||||||||||||
Increase (decrease) in net assets resulting from operations | (4,644,568 | ) | 20,712,714 | (53,495,964 | ) | 38,778,124 | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||||||||||
Class ADV | (769,925 | ) | (511,317 | ) | (12,531,586 | ) | (5,440,612 | ) | |||||||||||
Class I | (5,803,370 | ) | (4,176,794 | ) | (18,924,313 | ) | (7,725,817 | ) | |||||||||||
Class S | (1,366,597 | ) | (957,957 | ) | (11,088,373 | ) | (5,051,508 | ) | |||||||||||
Class S2 | — | — | (448,005 | ) | (212,143 | ) | |||||||||||||
Total distributions | (7,939,892 | ) | (5,646,068 | ) | (42,992,277 | ) | (18,430,080 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 15,122,844 | 14,082,098 | 59,400,575 | 60,979,747 | |||||||||||||||
Reinvestment of distributions | 7,939,892 | 5,646,068 | 42,992,277 | 18,430,080 | |||||||||||||||
23,062,736 | 19,728,166 | 102,392,852 | 79,409,827 | ||||||||||||||||
Cost of shares redeemed | (34,417,143 | ) | (34,769,551 | ) | (66,783,280 | ) | (84,915,294 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | (11,354,407 | ) | (15,041,385 | ) | 35,609,572 | (5,505,467 | ) | ||||||||||||
Net increase (decrease) in net assets | (23,938,867 | ) | 25,261 | (60,878,669 | ) | 14,842,577 | |||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 228,422,349 | 228,397,088 | 377,417,840 | 362,575,263 | |||||||||||||||
End of year or period | $ | 204,483,482 | $ | 228,422,349 | $ | 316,539,171 | $ | 377,417,840 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
48
STATEMENTS OF CHANGES IN NET ASSETS
VY® Baron Growth Portfolio | VY® Columbia Contrarian Core Portfolio | ||||||||||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income (loss) | $ | (452,012 | ) | $ | (825,435 | ) | $ | 2,538,545 | $ | 2,645,476 | |||||||||
Net realized gain | 68,149,880 | 77,001,175 | 31,116,313 | 30,196,289 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (79,072,995 | ) | 109,813,877 | (57,899,017 | ) | 31,018,551 | |||||||||||||
Increase (decrease) in net assets resulting from operations | (11,375,127 | ) | 185,989,617 | (24,244,159 | ) | 63,860,316 | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||||||||||
Class ADV | (9,617,517 | ) | (10,303,718 | ) | (2,909,173 | ) | (1,883,632 | ) | |||||||||||
Class I | (12,799,676 | ) | (18,143,871 | ) | (1,071,961 | ) | (679,364 | ) | |||||||||||
Class R6 | (1,297,132 | ) | (238,305 | ) | — | — | |||||||||||||
Class S | (51,924,632 | ) | (61,370,163 | ) | (28,941,556 | ) | (19,294,405 | ) | |||||||||||
Class S2 | (234,454 | ) | (234,357 | ) | — | — | |||||||||||||
Total distributions | (75,873,411 | ) | (90,290,414 | ) | (32,922,690 | ) | (21,857,401 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 86,703,502 | 59,780,402 | 5,769,940 | 5,706,660 | |||||||||||||||
Reinvestment of distributions | 75,873,411 | 90,290,414 | 32,922,690 | 21,857,401 | |||||||||||||||
162,576,913 | 150,070,816 | 38,692,630 | 27,564,061 | ||||||||||||||||
Cost of shares redeemed | (165,703,704 | ) | (196,041,680 | ) | (54,892,340 | ) | (70,852,925 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (3,126,791 | ) | (45,970,864 | ) | (16,199,710 | ) | (43,288,864 | ) | |||||||||||
Net increase (decrease) in net assets | (90,375,329 | ) | 49,728,339 | (73,366,559 | ) | (1,285,949 | ) | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 759,563,002 | 709,834,663 | 324,638,684 | 325,924,633 | |||||||||||||||
End of year or period | $ | 669,187,673 | $ | 759,563,002 | $ | 251,272,125 | $ | 324,638,684 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
49
STATEMENTS OF CHANGES IN NET ASSETS
VY® Columbia Small Cap Value II Portfolio | VY® Invesco Comstock Portfolio | ||||||||||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 565,067 | $ | 567,840 | $ | 8,030,430 | $ | 6,611,355 | |||||||||||
Net realized gain | 20,249,835 | 21,065,398 | 42,920,467 | 41,622,514 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (54,637,824 | ) | 635,450 | (113,328,174 | ) | 32,370,082 | |||||||||||||
Increase (decrease) in net assets resulting from operations | (33,822,922 | ) | 22,268,688 | (62,377,277 | ) | 80,603,951 | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||||||||||
Class ADV | (3,708,442 | ) | (1,540,950 | ) | (343,478 | ) | (334,147 | ) | |||||||||||
Class I | (4,664,883 | ) | (2,049,620 | ) | (3,805,062 | ) | (2,586,848 | ) | |||||||||||
Class R6 | (669,195 | ) | (116,893 | ) | — | — | |||||||||||||
Class S | (12,004,777 | ) | (5,595,104 | ) | (3,279,768 | ) | (3,158,173 | ) | |||||||||||
Class S2 | (368,284 | ) | (226,580 | ) | — | — | |||||||||||||
Total distributions | (21,415,581 | ) | (9,529,147 | ) | (7,428,308 | ) | (6,079,168 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 24,634,720 | 28,505,309 | 129,215,150 | 40,687,773 | |||||||||||||||
Reinvestment of distributions | 21,415,581 | 9,529,147 | 7,428,308 | 6,079,168 | |||||||||||||||
46,050,301 | 38,034,456 | 136,643,458 | 46,766,941 | ||||||||||||||||
Cost of shares redeemed | (45,851,085 | ) | (75,064,802 | ) | (102,854,056 | ) | (142,775,740 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 199,216 | (37,030,346 | ) | 33,789,402 | (96,008,799 | ) | |||||||||||||
Net decrease in net assets | (55,039,287 | ) | (24,290,805 | ) | (36,016,183 | ) | (21,484,016 | ) | |||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 213,704,204 | 237,995,009 | 498,717,061 | 520,201,077 | |||||||||||||||
End of year or period | $ | 158,664,917 | $ | 213,704,204 | $ | 462,700,878 | $ | 498,717,061 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
50
STATEMENTS OF CHANGES IN NET ASSETS
VY® Invesco Equity and Income Portfolio | VY® JPMorgan Mid Cap Value Portfolio | ||||||||||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 26,345,545 | $ | 29,677,317 | $ | 5,523,023 | $ | 3,929,103 | |||||||||||
Net realized gain | 75,191,935 | 89,486,431 | 54,383,439 | 42,555,468 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (241,086,245 | ) | 55,123,191 | (116,778,313 | ) | 29,569,358 | |||||||||||||
Increase (decrease) in net assets resulting from operations | (139,548,765 | ) | 174,286,939 | (56,871,851 | ) | 76,053,929 | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||||||||||
Class ADV | (3,961,563 | ) | (2,018,955 | ) | (8,727,492 | ) | (9,643,536 | ) | |||||||||||
Class I | (44,057,761 | ) | (27,122,967 | ) | (16,991,070 | ) | (21,764,273 | ) | |||||||||||
Class S | (42,757,248 | ) | (25,697,839 | ) | (21,524,896 | ) | (26,605,742 | ) | |||||||||||
Class S2 | (29,253,116 | ) | (16,696,466 | ) | (247,852 | ) | (374,052 | ) | |||||||||||
Total distributions | (120,029,688 | ) | (71,536,227 | ) | (47,491,310 | ) | (58,387,603 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 17,173,506 | 35,752,953 | 20,875,714 | 37,140,515 | |||||||||||||||
Reinvestment of distributions | 120,029,688 | 71,536,227 | 47,491,310 | 58,387,603 | |||||||||||||||
137,203,194 | 107,289,180 | 68,367,024 | 95,528,118 | ||||||||||||||||
Cost of shares redeemed | (256,974,933 | ) | (307,139,472 | ) | (120,615,767 | ) | (151,607,906 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (119,771,739 | ) | (199,850,292 | ) | (52,248,743 | ) | (56,079,788 | ) | |||||||||||
Net decrease in net assets | (379,350,192 | ) | (97,099,580 | ) | (156,611,904 | ) | (38,413,462 | ) | |||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 1,676,446,576 | 1,773,546,156 | 571,016,092 | 609,429,554 | |||||||||||||||
End of year or period | $ | 1,297,096,384 | $ | 1,676,446,576 | $ | 414,404,188 | $ | 571,016,092 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
51
STATEMENTS OF CHANGES IN NET ASSETS
VY® Oppenheimer Global Portfolio | VY® Pioneer High Yield Portfolio | ||||||||||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 10,921,163 | $ | 9,540,922 | $ | 5,057,620 | $ | 4,993,917 | |||||||||||
Net realized gain | 253,555,506 | 110,439,970 | 680,704 | 1,576,670 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (467,680,242 | ) | 361,153,538 | (8,281,485 | ) | 873,369 | |||||||||||||
Increase (decrease) in net assets resulting from operations | (203,203,573 | ) | 481,134,430 | (2,543,161 | ) | 7,443,956 | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||||||||||
Class ADV | (9,769,648 | ) | (891,168 | ) | — | — | |||||||||||||
Class I | (106,189,185 | ) | (15,673,599 | ) | (5,069,426 | ) | (4,964,852 | ) | |||||||||||
Class S | (17,292,594 | ) | (2,210,306 | ) | (139,264 | ) | (174,026 | ) | |||||||||||
Class S2 | (380,527 | ) | (43,743 | ) | — | — | |||||||||||||
Total distributions | (133,631,954 | ) | (18,818,816 | ) | (5,208,690 | ) | (5,138,878 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 53,037,519 | 91,394,605 | 11,445,657 | 10,680,318 | |||||||||||||||
Reinvestment of distributions | 133,631,954 | 18,818,816 | 5,208,690 | 5,138,878 | |||||||||||||||
186,669,473 | 110,213,421 | 16,654,347 | 15,819,196 | ||||||||||||||||
Cost of shares redeemed | (262,406,375 | ) | (185,236,519 | ) | (18,530,617 | ) | (20,248,141 | ) | |||||||||||
Net decrease in net assets resulting from capital share transactions | (75,736,902 | ) | (75,023,098 | ) | (1,876,270 | ) | (4,428,945 | ) | |||||||||||
Net increase (decrease) in net assets | (412,572,429 | ) | 387,292,516 | (9,628,121 | ) | (2,123,867 | ) | ||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 1,747,262,279 | 1,359,969,763 | 101,711,849 | 103,835,716 | |||||||||||||||
End of year or period | $ | 1,334,689,850 | $ | 1,747,262,279 | $ | 92,083,728 | $ | 101,711,849 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
52
STATEMENTS OF CHANGES IN NET ASSETS
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | VY® T. Rowe Price Growth Equity Portfolio | ||||||||||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||
FROM OPERATIONS: | |||||||||||||||||||
Net investment income | $ | 3,184,925 | $ | 1,289,754 | $ | 2,631,363 | $ | 1,450,815 | |||||||||||
Net realized gain | 110,954,170 | 97,549,385 | 209,220,291 | 307,936,009 | |||||||||||||||
Net change in unrealized appreciation (depreciation) | (139,167,658 | ) | 108,864,402 | (227,279,367 | ) | 162,302,754 | |||||||||||||
Increase (decrease) in net assets resulting from operations | (25,028,563 | ) | 207,703,541 | (15,427,713 | ) | 471,689,578 | |||||||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||||||||||
Class ADV | (7,077,906 | ) | (4,366,636 | ) | (45,353,718 | ) | (24,552,336 | ) | |||||||||||
Class I | (84,724,065 | ) | (64,377,262 | ) | (195,495,575 | ) | (109,629,478 | ) | |||||||||||
Class R6 | (1,316,053 | ) | (434,388 | ) | — | — | |||||||||||||
Class S | (5,077,125 | ) | (3,965,144 | ) | (65,810,841 | ) | (38,236,738 | ) | |||||||||||
Class S2 | (452,699 | ) | (389,167 | ) | (1,626,233 | ) | (1,081,420 | ) | |||||||||||
Total distributions | (98,647,848 | ) | (73,532,597 | ) | (308,286,367 | ) | (173,499,972 | ) | |||||||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||||||||||
Net proceeds from sale of shares | 37,754,869 | 79,057,061 | 284,145,955 | 123,553,995 | |||||||||||||||
Reinvestment of distributions | 98,647,848 | 73,532,597 | 308,286,367 | 173,499,972 | |||||||||||||||
136,402,717 | 152,589,658 | 592,432,322 | 297,053,967 | ||||||||||||||||
Cost of shares redeemed | (136,060,334 | ) | (125,008,164 | ) | (337,400,591 | ) | (383,947,327 | ) | |||||||||||
Net increase (decrease) in net assets resulting from capital share transactions | 342,383 | 27,581,494 | 255,031,731 | (86,893,360 | ) | ||||||||||||||
Net increase (decrease) in net assets | (123,334,028 | ) | 161,752,438 | (68,682,349 | ) | 211,296,246 | |||||||||||||
NET ASSETS: | |||||||||||||||||||
Beginning of year or period | 1,010,337,917 | 848,585,479 | 1,739,075,329 | 1,527,779,083 | |||||||||||||||
End of year or period | $ | 887,003,889 | $ | 1,010,337,917 | $ | 1,670,392,980 | $ | 1,739,075,329 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
53
STATEMENTS OF CHANGES IN NET ASSETS
VY® Templeton Foreign Equity Portfolio | |||||||||||
Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||
FROM OPERATIONS: | |||||||||||
Net investment income | $ | 8,990,733 | $ | 11,742,196 | |||||||
Net realized gain | 39,105,623 | 31,715,450 | |||||||||
Net change in unrealized appreciation (depreciation) | (134,006,113 | ) | 85,383,480 | ||||||||
Increase (decrease) in net assets resulting from operations | (85,909,757 | ) | 128,841,126 | ||||||||
FROM DISTRIBUTIONS TO SHAREHOLDERS: | |||||||||||
Total distributions (excluding return of capital):(1) | |||||||||||
Class ADV | (573,585 | ) | (555,843 | ) | |||||||
Class I | (3,467,151 | ) | (3,578,275 | ) | |||||||
Class S | (6,719,064 | ) | (7,476,254 | ) | |||||||
Class S2 | (2,851 | ) | (24,956 | ) | |||||||
Total distributions | (10,762,651 | ) | (11,635,328 | ) | |||||||
FROM CAPITAL SHARE TRANSACTIONS: | |||||||||||
Net proceeds from sale of shares | 18,768,528 | 16,893,974 | |||||||||
Reinvestment of distributions | 10,762,651 | 11,635,328 | |||||||||
29,531,179 | 28,529,302 | ||||||||||
Cost of shares redeemed | (85,626,571 | ) | (146,010,456 | ) | |||||||
Net decrease in net assets resulting from capital share transactions | (56,095,392 | ) | (117,481,154 | ) | |||||||
Net decrease in net assets | (152,767,800 | ) | (275,356 | ) | |||||||
NET ASSETS: | |||||||||||
Beginning of year or period | 627,603,182 | 627,878,538 | |||||||||
End of year or period | $ | 474,835,382 | $ | 627,603,182 |
(1) Certain prior period amounts have been reclassified to conform to the current year presentation (Note 13).
See Accompanying Notes to Financial Statements
54
FINANCIAL HIGHLIGHTS
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
Voya Global Bond Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 10.94 | 0.29 | • | (0.55 | ) | (0.26 | ) | 0.35 | — | — | |||||||||||||||||||||
12-31-17 | 10.24 | 0.26 | • | 0.66 | 0.92 | 0.22 | — | — | |||||||||||||||||||||||
12-31-16 | 9.81 | 0.24 | • | 0.33 | 0.57 | 0.06 | — | 0.08 | |||||||||||||||||||||||
12-31-15 | 10.31 | 0.26 | • | (0.76 | ) | (0.50 | ) | — | — | — | |||||||||||||||||||||
12-31-14 | 10.35 | 0.37 | • | (0.37 | ) | 0.00 | * | 0.04 | — | — | |||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 11.14 | 0.35 | • | (0.57 | ) | (0.22 | ) | 0.41 | — | — | |||||||||||||||||||||
12-31-17 | 10.42 | 0.32 | • | 0.68 | 1.00 | 0.28 | — | — | |||||||||||||||||||||||
12-31-16 | 9.97 | 0.30 | • | 0.33 | 0.63 | 0.10 | — | 0.08 | |||||||||||||||||||||||
12-31-15 | 10.42 | 0.32 | • | (0.77 | ) | (0.45 | ) | — | — | — | |||||||||||||||||||||
12-31-14 | 10.46 | 0.43 | • | (0.38 | ) | 0.05 | 0.09 | — | — | ||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 11.12 | 0.32 | • | (0.56 | ) | (0.24 | ) | 0.38 | — | — | |||||||||||||||||||||
12-31-17 | 10.41 | 0.30 | • | 0.66 | 0.96 | 0.25 | — | — | |||||||||||||||||||||||
12-31-16 | 9.97 | 0.27 | 0.33 | 0.60 | 0.08 | — | 0.08 | ||||||||||||||||||||||||
12-31-15 | 10.44 | 0.29 | • | (0.76 | ) | (0.47 | ) | — | — | — | |||||||||||||||||||||
12-31-14 | 10.48 | 0.40 | • | (0.38 | ) | 0.02 | 0.06 | — | — | ||||||||||||||||||||||
VY® American Century Small-Mid Cap Value Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 12.66 | 0.09 | (1.67 | ) | (1.58 | ) | 0.10 | 1.34 | — | ||||||||||||||||||||||
12-31-17 | 12.03 | 0.11 | 1.16 | 1.27 | 0.12 | 0.52 | — | ||||||||||||||||||||||||
12-31-16 | 10.80 | 0.08 | 2.34 | 2.42 | 0.14 | 1.05 | — | ||||||||||||||||||||||||
12-31-15 | 13.82 | 0.08 | (0.27 | ) | (0.19 | ) | 0.19 | 2.64 | — | ||||||||||||||||||||||
12-31-14 | 14.79 | 0.12 | • | 1.49 | 1.61 | 0.18 | 2.40 | — | |||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 13.44 | 0.17 | • | (1.81 | ) | (1.64 | ) | 0.16 | 1.34 | — | |||||||||||||||||||||
12-31-17 | 12.72 | 0.19 | • | 1.22 | 1.41 | 0.17 | 0.52 | — | |||||||||||||||||||||||
12-31-16 | 11.35 | 0.15 | • | 2.47 | 2.62 | 0.20 | 1.05 | — | |||||||||||||||||||||||
12-31-15 | 14.40 | 0.16 | • | (0.31 | ) | (0.15 | ) | 0.26 | 2.64 | — | |||||||||||||||||||||
12-31-14 | 15.30 | 0.20 | • | 1.55 | 1.75 | 0.25 | 2.40 | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 13.25 | 0.13 | • | (1.77 | ) | (1.64 | ) | 0.13 | 1.34 | — | |||||||||||||||||||||
12-31-17 | 12.56 | 0.16 | 1.19 | 1.35 | 0.14 | 0.52 | — | ||||||||||||||||||||||||
12-31-16 | 11.22 | 0.11 | 2.44 | 2.55 | 0.16 | 1.05 | — | ||||||||||||||||||||||||
12-31-15 | 14.25 | 0.13 | • | (0.30 | ) | (0.17 | ) | 0.22 | 2.64 | — | |||||||||||||||||||||
12-31-14 | 15.16 | 0.16 | • | 1.54 | 1.70 | 0.21 | 2.40 | — | |||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 12.64 | 0.10 | • | (1.67 | ) | (1.57 | ) | 0.11 | 1.34 | — | |||||||||||||||||||||
12-31-17 | 12.01 | 0.12 | • | 1.15 | 1.27 | 0.12 | 0.52 | — | |||||||||||||||||||||||
12-31-16 | 10.78 | 0.09 | 2.35 | 2.44 | 0.16 | 1.05 | — | ||||||||||||||||||||||||
12-31-15 | 13.79 | 0.11 | • | (0.30 | ) | (0.19 | ) | 0.18 | 2.64 | — | |||||||||||||||||||||
12-31-14 | 14.70 | 0.13 | • | 1.49 | 1.62 | 0.13 | 2.40 | — | |||||||||||||||||||||||
VY® Baron Growth Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 27.88 | (0.09 | ) | 0.00 | * | (0.09 | ) | — | 3.16 | — | |||||||||||||||||||||
12-31-17 | 24.82 | (0.10 | )• | 6.72 | 6.62 | 0.16 | 3.40 | — | |||||||||||||||||||||||
12-31-16 | 26.58 | (0.11 | ) | 1.50 | 1.39 | — | 3.15 | — | |||||||||||||||||||||||
12-31-15 | 30.35 | (0.16 | ) | (1.23 | ) | (1.39 | ) | 0.02 | 2.36 | — | |||||||||||||||||||||
12-31-14 | 29.66 | (0.01 | ) | 1.17 | 1.16 | — | 0.47 | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
Voya Global Bond Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.35 | — | 10.33 | (2.40 | ) | 1.17 | 1.15 | 1.15 | 2.71 | 22,161 | 119 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.22 | — | 10.94 | 9.05 | 1.17 | 1.10 | 1.10 | 2.48 | 24,922 | 127 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.14 | — | 10.24 | 5.82 | 1.16 | 1.10 | 1.10 | 2.27 | 24,365 | 214 | |||||||||||||||||||||||||||||||||
12-31-15 | — | — | 9.81 | (4.85 | ) | 1.15 | 1.10 | 1.10 | 2.58 | 26,374 | 335 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.04 | — | 10.31 | (0.06 | ) | 1.16 | 1.10 | 1.10 | 3.49 | 32,874 | 296 | ||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.41 | — | 10.51 | (2.01 | ) | 0.67 | 0.65 | 0.65 | 3.21 | 146,473 | 119 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.28 | — | 11.14 | 9.67 | 0.67 | 0.60 | 0.60 | 2.98 | 161,715 | 127 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.18 | — | 10.42 | 6.30 | 0.66 | 0.60 | 0.60 | 2.78 | 163,397 | 214 | |||||||||||||||||||||||||||||||||
12-31-15 | — | — | 9.97 | (4.32 | ) | 0.65 | 0.60 | 0.60 | 3.08 | 168,739 | 335 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.09 | — | 10.42 | 0.42 | 0.66 | 0.60 | 0.60 | 3.99 | 208,023 | 296 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.38 | — | 10.50 | (2.17 | ) | 0.92 | 0.90 | 0.90 | 2.97 | 35,849 | 119 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.25 | — | 11.12 | 9.31 | 0.92 | 0.85 | 0.85 | 2.73 | 41,785 | 127 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.16 | — | 10.41 | 6.03 | 0.91 | 0.85 | 0.85 | 2.53 | 40,635 | 214 | |||||||||||||||||||||||||||||||||
12-31-15 | — | — | 9.97 | (4.50 | ) | 0.90 | 0.85 | 0.85 | 2.83 | 43,169 | 335 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.06 | — | 10.44 | 0.15 | 0.91 | 0.85 | 0.85 | 3.74 | 51,041 | 296 | |||||||||||||||||||||||||||||||||
VY® American Century Small-Mid Cap Value Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.44 | — | 9.64 | (14.49 | ) | 1.65 | 1.36 | 1.36 | 0.77 | 91,283 | 76 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.64 | — | 12.66 | 10.90 | 1.65 | 1.36 | 1.36 | 0.95 | 115,235 | 57 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.19 | — | 12.03 | 23.69 | 1.65 | 1.36 | 1.36 | 0.78 | 101,948 | 68 | |||||||||||||||||||||||||||||||||
12-31-15 | 2.83 | — | 10.80 | (1.97 | ) | 1.66 | 1.36 | 1.36 | 0.72 | 79,901 | 71 | ||||||||||||||||||||||||||||||||
12-31-14 | 2.58 | — | 13.82 | 12.15 | 1.65 | 1.36 | 1.36 | 0.82 | 86,335 | 79 | |||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.50 | — | 10.30 | (14.15 | ) | 1.15 | 0.86 | 0.86 | 1.30 | 142,379 | 76 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.69 | — | 13.44 | 11.44 | 1.15 | 0.86 | 0.86 | 1.44 | 151,054 | 57 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.25 | — | 12.72 | 24.38 | 1.15 | 0.86 | 0.86 | 1.28 | 156,657 | 68 | |||||||||||||||||||||||||||||||||
12-31-15 | 2.90 | — | 11.35 | (1.54 | ) | 1.16 | 0.86 | 0.86 | 1.21 | 115,279 | 71 | ||||||||||||||||||||||||||||||||
12-31-14 | 2.65 | — | 14.40 | 12.76 | 1.15 | 0.86 | 0.86 | 1.31 | 138,605 | 79 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.47 | — | 10.14 | (14.34 | ) | 1.40 | 1.11 | 1.11 | 1.02 | 79,986 | 76 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.66 | — | 13.25 | 11.12 | 1.40 | 1.11 | 1.11 | 1.20 | 106,501 | 57 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.21 | — | 12.56 | 24.06 | 1.40 | 1.11 | 1.11 | 1.03 | 99,089 | 68 | |||||||||||||||||||||||||||||||||
12-31-15 | 2.86 | — | 11.22 | (1.74 | ) | 1.41 | 1.11 | 1.11 | 0.96 | 78,646 | 71 | ||||||||||||||||||||||||||||||||
12-31-14 | 2.61 | — | 14.25 | 12.47 | 1.40 | 1.11 | 1.11 | 1.06 | 94,268 | 79 | |||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.45 | — | 9.62 | (14.48 | ) | 1.55 | 1.26 | 1.26 | 0.84 | 2,891 | 76 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.64 | — | 12.64 | 10.96 | 1.55 | 1.26 | 1.26 | 1.01 | 4,627 | 57 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.21 | — | 12.01 | 23.92 | 1.58 | 1.26 | 1.26 | 0.90 | 4,881 | 68 | |||||||||||||||||||||||||||||||||
12-31-15 | 2.82 | — | 10.78 | (1.91 | ) | 1.66 | 1.26 | 1.26 | 0.85 | 3,573 | 71 | ||||||||||||||||||||||||||||||||
12-31-14 | 2.53 | — | 13.79 | 12.33 | 1.65 | 1.26 | 1.26 | 0.89 | 3,262 | 79 | |||||||||||||||||||||||||||||||||
VY® Baron Growth Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.16 | — | 24.63 | (2.15 | ) | 1.49 | 1.49 | 1.49 | (0.32 | ) | 82,126 | 4 | |||||||||||||||||||||||||||||||
12-31-17 | 3.56 | — | 27.88 | 27.86 | 1.49 | 1.49 | 1.49 | (0.38 | ) | 88,499 | 3 | ||||||||||||||||||||||||||||||||
12-31-16 | 3.15 | — | 24.82 | 5.06 | 1.48 | 1.48 | 1.48 | (0.41 | ) | 77,655 | 4 | ||||||||||||||||||||||||||||||||
12-31-15 | 2.38 | — | 26.58 | (5.27 | ) | 1.49 | 1.49 | 1.49 | (0.54 | ) | 90,914 | 5 | |||||||||||||||||||||||||||||||
12-31-14 | 0.47 | — | 30.35 | 4.06 | 1.48 | 1.48 | 1.48 | (0.04 | ) | 111,145 | 10 |
See Accompanying Notes to Financial Statements
55
FINANCIAL HIGHLIGHTS (CONTINUED)
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
VY® Baron Growth Portfolio (continued) | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 30.58 | 0.05 | (0.06 | ) | (0.01 | ) | — | 3.16 | — | ||||||||||||||||||||||
12-31-17 | 26.92 | 0.03 | • | 7.34 | 7.37 | 0.31 | 3.40 | — | |||||||||||||||||||||||
12-31-16 | 28.45 | 0.04 | 1.58 | 1.62 | — | 3.15 | — | ||||||||||||||||||||||||
12-31-15 | 32.31 | (0.01 | ) | (1.31 | ) | (1.32 | ) | 0.18 | 2.36 | — | |||||||||||||||||||||
12-31-14 | 31.49 | 0.14 | 1.24 | 1.38 | 0.09 | 0.47 | — | ||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||
12-31-18 | 30.59 | 0.06 | (0.06 | ) | 0.00 | * | — | 3.16 | — | ||||||||||||||||||||||
12-31-17 | 26.93 | 0.13 | • | 7.24 | 7.37 | 0.31 | 3.40 | — | |||||||||||||||||||||||
05-03-16(5)-12-31-16 | 28.86 | 0.23 | • | 0.99 | 1.22 | — | 3.15 | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 29.31 | (0.02 | ) | (0.03 | ) | (0.05 | ) | — | 3.16 | — | |||||||||||||||||||||
12-31-17 | 25.93 | (0.04 | )• | 7.05 | 7.01 | 0.23 | 3.40 | — | |||||||||||||||||||||||
12-31-16 | 27.57 | (0.05 | ) | 1.56 | 1.51 | — | 3.15 | — | |||||||||||||||||||||||
12-31-15 | 31.39 | (0.08 | ) | (1.29 | ) | (1.37 | ) | 0.09 | 2.36 | — | |||||||||||||||||||||
12-31-14 | 30.60 | 0.09 | 1.19 | 1.28 | 0.02 | 0.47 | — | ||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 28.10 | (0.08 | ) | 0.01 | (0.07 | ) | — | 3.16 | — | ||||||||||||||||||||||
12-31-17 | 24.92 | (0.09 | )• | 6.78 | 6.69 | 0.11 | 3.40 | — | |||||||||||||||||||||||
12-31-16 | 26.65 | (0.10 | )• | 1.52 | 1.42 | — | 3.15 | — | |||||||||||||||||||||||
12-31-15 | 30.43 | (0.13 | ) | (1.24 | ) | (1.37 | ) | 0.05 | 2.36 | — | |||||||||||||||||||||
12-31-14 | 29.75 | 0.02 | 1.17 | 1.19 | 0.04 | 0.47 | — | ||||||||||||||||||||||||
VY® Columbia Contrarian Core Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 23.40 | 0.14 | • | (1.97 | ) | (1.83 | ) | 0.15 | 2.48 | — | |||||||||||||||||||||
12-31-17 | 20.66 | 0.13 | 4.17 | 4.30 | 0.20 | 1.36 | — | ||||||||||||||||||||||||
12-31-16 | 21.73 | 0.15 | • | 1.55 | 1.70 | 0.74 | 2.03 | — | |||||||||||||||||||||||
12-31-15 | 24.00 | 0.12 | • | 0.58 | 0.70 | 0.18 | 2.79 | — | |||||||||||||||||||||||
12-31-14 | 24.56 | 0.14 | • | 2.70 | 2.84 | 0.17 | 3.23 | — | |||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 24.58 | 0.26 | • | (2.07 | ) | (1.81 | ) | 0.28 | 2.48 | — | |||||||||||||||||||||
12-31-17 | 21.61 | 0.25 | • | 4.37 | 4.62 | 0.29 | 1.36 | — | |||||||||||||||||||||||
12-31-16 | 22.59 | 0.27 | • | 1.62 | 1.89 | 0.84 | 2.03 | — | |||||||||||||||||||||||
12-31-15 | 24.82 | 0.24 | • | 0.60 | 0.84 | 0.28 | 2.79 | — | |||||||||||||||||||||||
12-31-14 | 25.24 | 0.27 | 2.79 | 3.06 | 0.25 | 3.23 | — | ||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 24.08 | 0.20 | • | (2.03 | ) | (1.83 | ) | 0.21 | 2.48 | — | |||||||||||||||||||||
12-31-17 | 21.21 | 0.19 | • | 4.27 | 4.46 | 0.23 | 1.36 | — | |||||||||||||||||||||||
12-31-16 | 22.21 | 0.21 | • | 1.59 | 1.80 | 0.77 | 2.03 | — | |||||||||||||||||||||||
12-31-15 | 24.45 | 0.18 | • | 0.58 | 0.76 | 0.21 | 2.79 | — | |||||||||||||||||||||||
12-31-14 | 24.93 | 0.21 | 2.75 | 2.96 | 0.21 | 3.23 | — | ||||||||||||||||||||||||
VY® Columbia Small Cap Value II Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 19.57 | 0.00 | * | (3.06 | ) | (3.06 | ) | 0.00 | * | 2.09 | — | ||||||||||||||||||||
12-31-17 | 18.50 | 0.00 | *• | 1.89 | 1.89 | 0.03 | 0.79 | — | |||||||||||||||||||||||
12-31-16 | 15.67 | 0.01 | 3.55 | 3.56 | 0.01 | 0.72 | — | ||||||||||||||||||||||||
12-31-15 | 16.23 | 0.00 | * | (0.52 | ) | (0.52 | ) | 0.04 | — | — | |||||||||||||||||||||
12-31-14 | 15.63 | 0.03 | • | 0.61 | 0.64 | 0.04 | — | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
VY® Baron Growth Portfolio (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.16 | — | 27.41 | (1.68 | ) | 0.99 | 0.99 | 0.99 | 0.17 | 118,743 | 4 | ||||||||||||||||||||||||||||||||
12-31-17 | 3.71 | — | 30.58 | 28.52 | 0.99 | 0.99 | 0.99 | 0.11 | 145,389 | 3 | |||||||||||||||||||||||||||||||||
12-31-16 | 3.15 | — | 26.92 | 5.57 | 0.98 | 0.98 | 0.98 | 0.12 | 150,672 | 4 | |||||||||||||||||||||||||||||||||
12-31-15 | 2.54 | — | 28.45 | (4.75 | ) | 0.99 | 0.99 | 0.99 | (0.04 | ) | 193,601 | 5 | |||||||||||||||||||||||||||||||
12-31-14 | 0.56 | — | 32.31 | 4.55 | 0.98 | 0.98 | 0.98 | 0.45 | 251,230 | 10 | |||||||||||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.16 | — | 27.43 | (1.64 | ) | 0.99 | 0.99 | 0.99 | 0.23 | 15,007 | 4 | ||||||||||||||||||||||||||||||||
12-31-17 | 3.71 | — | 30.59 | 28.51 | 0.99 | 0.99 | 0.99 | 0.43 | 11,442 | 3 | |||||||||||||||||||||||||||||||||
05-03-16(5)-12-31-16 | 3.15 | — | 26.93 | 4.10 | 0.98 | 0.98 | 0.98 | 1.39 | 879 | 4 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.16 | — | 26.10 | (1.89 | ) | 1.24 | 1.24 | 1.24 | (0.08 | ) | 451,687 | 4 | |||||||||||||||||||||||||||||||
12-31-17 | 3.63 | — | 29.31 | 28.20 | 1.24 | 1.24 | 1.24 | (0.13 | ) | 512,397 | 3 | ||||||||||||||||||||||||||||||||
12-31-16 | 3.15 | — | 25.93 | 5.33 | 1.23 | 1.23 | 1.23 | (0.17 | ) | 478,020 | 4 | ||||||||||||||||||||||||||||||||
12-31-15 | 2.45 | — | 27.57 | (5.03 | ) | 1.24 | 1.24 | 1.24 | (0.29 | ) | 559,237 | 5 | |||||||||||||||||||||||||||||||
12-31-14 | 0.49 | — | 31.39 | 4.34 | 1.23 | 1.23 | 1.23 | 0.26 | 694,762 | 10 | |||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.16 | — | 24.87 | (2.05 | ) | 1.39 | 1.39 | 1.39 | (0.25 | ) | 1,625 | 4 | |||||||||||||||||||||||||||||||
12-31-17 | 3.51 | — | 28.10 | 28.02 | 1.39 | 1.39 | 1.39 | (0.32 | ) | 1,835 | 3 | ||||||||||||||||||||||||||||||||
12-31-16 | 3.15 | — | 24.92 | 5.17 | 1.42 | 1.38 | 1.38 | (0.38 | ) | 2,609 | 4 | ||||||||||||||||||||||||||||||||
12-31-15 | 2.41 | — | 26.65 | (5.17 | ) | 1.49 | 1.39 | 1.39 | (0.44 | ) | 5,696 | 5 | |||||||||||||||||||||||||||||||
12-31-14 | 0.51 | — | 30.43 | 4.17 | 1.48 | 1.38 | 1.38 | 0.05 | 6,874 | 10 | |||||||||||||||||||||||||||||||||
VY® Columbia Contrarian Core Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.63 | — | 18.94 | (9.23 | ) | 1.44 | 1.22 | 1.21 | 0.61 | 21,088 | 64 | ||||||||||||||||||||||||||||||||
12-31-17 | 1.56 | — | 23.40 | 21.32 | 1.44 | 1.21 | 1.20 | 0.58 | 29,515 | 45 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.77 | — | 20.66 | 8.12 | 1.44 | 1.20 | 1.19 | 0.71 | 25,432 | 53 | |||||||||||||||||||||||||||||||||
12-31-15 | 2.97 | — | 21.73 | 2.75 | 1.44 | 1.18 | 1.17 | 0.51 | 22,738 | 65 | |||||||||||||||||||||||||||||||||
12-31-14 | 3.40 | — | 24.00 | 12.50 | 1.44 | 1.18 | 1.17 | 0.56 | 17,942 | 72 | |||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.76 | — | 20.01 | (8.77 | ) | 0.94 | 0.72 | 0.71 | 1.11 | 7,982 | 64 | ||||||||||||||||||||||||||||||||
12-31-17 | 1.65 | — | 24.58 | 21.96 | 0.94 | 0.71 | 0.70 | 1.08 | 10,099 | 45 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.87 | — | 21.61 | 8.64 | 0.94 | 0.70 | 0.69 | 1.21 | 10,629 | 53 | |||||||||||||||||||||||||||||||||
12-31-15 | 3.07 | — | 22.59 | 3.25 | 0.94 | 0.68 | 0.67 | 1.01 | 10,628 | 65 | |||||||||||||||||||||||||||||||||
12-31-14 | 3.48 | — | 24.82 | 13.09 | 0.94 | 0.68 | 0.67 | 1.07 | 11,751 | 72 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.69 | — | 19.56 | (8.99 | ) | 1.19 | 0.97 | 0.96 | 0.86 | 222,203 | 64 | ||||||||||||||||||||||||||||||||
12-31-17 | 1.59 | — | 24.08 | 21.58 | 1.19 | 0.96 | 0.95 | 0.83 | 285,025 | 45 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.80 | — | 21.21 | 8.41 | 1.19 | 0.95 | 0.94 | 0.96 | 289,864 | 53 | |||||||||||||||||||||||||||||||||
12-31-15 | 3.00 | — | 22.21 | 2.98 | 1.19 | 0.93 | 0.92 | 0.76 | 304,352 | 65 | |||||||||||||||||||||||||||||||||
12-31-14 | 3.44 | — | 24.45 | 12.81 | 1.19 | 0.93 | 0.92 | 0.82 | 331,659 | 72 | |||||||||||||||||||||||||||||||||
VY® Columbia Small Cap Value II Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.09 | — | 14.42 | (17.96 | ) | 1.40 | 1.37 | 1.36 | 0.02 | 27,725 | 41 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.82 | — | 19.57 | 10.65 | 1.40 | 1.37 | 1.36 | 0.01 | 37,004 | 44 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.73 | — | 18.50 | 23.41 | 1.39 | 1.36 | 1.34 | 0.10 | 36,304 | 61 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.04 | — | 15.67 | (3.21 | ) | 1.39 | 1.36 | 1.35 | 0.00 | * | 27,978 | 53 | |||||||||||||||||||||||||||||||
12-31-14 | 0.04 | — | 16.23 | 4.12 | 1.39 | 1.36 | 1.35 | 0.18 | 30,927 | 52 |
See Accompanying Notes to Financial Statements
56
FINANCIAL HIGHLIGHTS (CONTINUED)
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
VY® Columbia Small Cap Value II Portfolio (continued) | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 20.20 | 0.10 | • | (3.16 | ) | (3.06 | ) | 0.11 | 2.09 | — | |||||||||||||||||||||
12-31-17 | 19.05 | 0.10 | • | 1.95 | 2.05 | 0.11 | 0.79 | — | |||||||||||||||||||||||
12-31-16 | 16.12 | 0.10 | 3.64 | 3.74 | 0.09 | 0.72 | — | ||||||||||||||||||||||||
12-31-15 | 16.67 | 0.09 | (0.54 | ) | (0.45 | ) | 0.10 | — | — | ||||||||||||||||||||||
12-31-14 | 15.99 | 0.11 | • | 0.63 | 0.74 | 0.06 | — | — | |||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||
12-31-18 | 20.21 | 0.09 | (3.16 | ) | (3.07 | ) | 0.11 | 2.09 | — | ||||||||||||||||||||||
12-31-17 | 19.06 | 0.13 | • | 1.92 | 2.05 | 0.11 | 0.79 | — | |||||||||||||||||||||||
05-03-16(5)-12-31-16 | 16.28 | 0.19 | • | 3.40 | 3.59 | 0.09 | 0.72 | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 20.10 | 0.05 | (3.15 | ) | (3.10 | ) | 0.05 | 2.09 | — | ||||||||||||||||||||||
12-31-17 | 18.96 | 0.05 | • | 1.94 | 1.99 | 0.06 | 0.79 | — | |||||||||||||||||||||||
12-31-16 | 16.04 | 0.06 | 3.63 | 3.69 | 0.05 | 0.72 | — | ||||||||||||||||||||||||
12-31-15 | 16.58 | 0.05 | (0.54 | ) | (0.49 | ) | 0.05 | — | — | ||||||||||||||||||||||
12-31-14 | 15.92 | 0.06 | 0.63 | 0.69 | 0.03 | — | — | ||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 19.52 | 0.02 | (3.05 | ) | (3.03 | ) | — | 2.09 | — | ||||||||||||||||||||||
12-31-17 | 18.44 | 0.01 | • | 1.90 | 1.91 | 0.04 | 0.79 | — | |||||||||||||||||||||||
12-31-16 | 15.62 | 0.03 | 3.54 | 3.57 | 0.03 | 0.72 | — | ||||||||||||||||||||||||
12-31-15 | 16.20 | 0.02 | • | (0.53 | ) | (0.51 | ) | 0.07 | — | — | |||||||||||||||||||||
12-31-14 | 15.59 | 0.05 | • | 0.61 | 0.66 | 0.05 | — | — | |||||||||||||||||||||||
VY® Invesco Comstock Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 20.14 | 0.24 | • | (2.77 | ) | (2.53 | ) | 0.22 | — | — | |||||||||||||||||||||
12-31-17 | 17.33 | 0.19 | 2.80 | 2.99 | 0.18 | — | — | ||||||||||||||||||||||||
12-31-16 | 15.07 | 0.28 | 2.35 | 2.63 | 0.37 | — | — | ||||||||||||||||||||||||
12-31-15 | 16.42 | 0.17 | • | (1.18 | ) | (1.01 | ) | 0.34 | — | — | |||||||||||||||||||||
12-31-14 | 15.34 | 0.19 | 1.17 | 1.36 | 0.28 | — | — | ||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 20.32 | 0.33 | (2.80 | ) | (2.47 | ) | 0.33 | — | — | ||||||||||||||||||||||
12-31-17 | 17.47 | 0.28 | • | 2.85 | 3.13 | 0.28 | — | — | |||||||||||||||||||||||
12-31-16 | 15.18 | 0.34 | • | 2.41 | 2.75 | 0.46 | — | — | |||||||||||||||||||||||
12-31-15 | 16.55 | 0.26 | • | (1.20 | ) | (0.94 | ) | 0.43 | — | — | |||||||||||||||||||||
12-31-14 | 15.45 | 0.28 | 1.17 | 1.45 | 0.35 | — | — | ||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 20.30 | 0.29 | • | (2.81 | ) | (2.52 | ) | 0.27 | — | — | |||||||||||||||||||||
12-31-17 | 17.45 | 0.23 | • | 2.85 | 3.08 | 0.23 | — | — | |||||||||||||||||||||||
12-31-16 | 15.17 | 0.30 | • | 2.39 | 2.69 | 0.41 | — | — | |||||||||||||||||||||||
12-31-15 | 16.53 | 0.22 | • | (1.20 | ) | (0.98 | ) | 0.38 | — | — | |||||||||||||||||||||
12-31-14 | 15.43 | 0.24 | 1.17 | 1.41 | 0.31 | — | — | ||||||||||||||||||||||||
VY® Invesco Equity and Income Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 46.81 | 0.64 | • | (4.95 | ) | (4.31 | ) | 0.66 | 2.89 | — | |||||||||||||||||||||
12-31-17 | 44.06 | 0.65 | 3.84 | 4.49 | 0.61 | 1.13 | — | ||||||||||||||||||||||||
12-31-16 | 40.80 | 0.53 | 5.28 | 5.81 | 0.68 | 1.87 | — | ||||||||||||||||||||||||
12-31-15 | 46.25 | 0.46 | (1.47 | ) | (1.01 | ) | 0.79 | 3.65 | — | ||||||||||||||||||||||
12-31-14 | 44.34 | 0.61 | • | 3.09 | 3.70 | 0.55 | 1.24 | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
VY® Columbia Small Cap Value II Portfolio (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.20 | — | 14.94 | (17.53 | ) | 0.90 | 0.87 | 0.86 | 0.53 | 33,887 | 41 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.90 | — | 20.20 | 11.21 | 0.90 | 0.87 | 0.86 | 0.50 | 43,897 | 44 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.81 | — | 19.05 | 24.00 | 0.89 | 0.86 | 0.84 | 0.59 | 49,625 | 61 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.10 | — | 16.12 | (2.74 | ) | 0.89 | 0.86 | 0.85 | 0.50 | 42,845 | 53 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.06 | — | 16.67 | 4.68 | 0.89 | 0.86 | 0.85 | 0.67 | 49,412 | 52 | |||||||||||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.20 | — | 14.94 | (17.57 | ) | 0.90 | 0.87 | 0.86 | 0.56 | 5,349 | 41 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.90 | — | 20.21 | 11.20 | 0.90 | 0.87 | 0.86 | 0.69 | 4,389 | 44 | |||||||||||||||||||||||||||||||||
05-03-16(5)-12-31-16 | 0.81 | — | 19.06 | 22.85 | 0.89 | 0.86 | 0.84 | 1.57 | 402 | 61 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.14 | — | 14.86 | (17.76 | ) | 1.15 | 1.12 | 1.11 | 0.26 | 89,274 | 41 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.85 | — | 20.10 | 10.92 | 1.15 | 1.12 | 1.11 | 0.25 | 124,984 | 44 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.77 | — | 18.96 | 23.70 | 1.14 | 1.11 | 1.09 | 0.33 | 145,816 | 61 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.05 | — | 16.04 | (2.95 | ) | 1.14 | 1.11 | 1.10 | 0.24 | 135,313 | 53 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.03 | — | 16.58 | 4.33 | 1.14 | 1.11 | 1.10 | 0.36 | 160,726 | 52 | |||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 2.09 | — | 14.40 | (17.87 | ) | 1.30 | 1.27 | 1.26 | 0.11 | 2,431 | 41 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.83 | — | 19.52 | 10.77 | 1.30 | 1.27 | 1.26 | 0.06 | 3,431 | 44 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.75 | — | 18.44 | 23.57 | 1.32 | 1.26 | 1.24 | 0.18 | 5,849 | 61 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.07 | — | 15.62 | (3.19 | ) | 1.39 | 1.26 | 1.25 | 0.12 | 4,834 | 53 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.05 | — | 16.20 | 4.28 | 1.39 | 1.26 | 1.25 | 0.30 | 3,967 | 52 | |||||||||||||||||||||||||||||||||
VY® Invesco Comstock Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.22 | — | 17.39 | (12.56 | ) | 1.25 | 1.23 | 1.23 | 1.16 | 28,006 | 29 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.18 | — | 20.14 | 17.31 | 1.25 | 1.23 | 1.23 | 1.00 | 36,178 | 14 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.37 | — | 17.33 | 17.51 | 1.25 | 1.23 | 1.23 | 1.66 | 34,490 | 18 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.34 | — | 15.07 | (6.19 | ) | 1.24 | 1.22 | 1.22 | 1.08 | 34,395 | 24 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.28 | — | 16.42 | 8.82 | 1.24 | 1.22 | 1.22 | 1.20 | 41,258 | 26 | |||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.33 | — | 17.52 | (12.16 | ) | 0.75 | 0.73 | 0.73 | 1.72 | 219,086 | 29 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.28 | — | 20.32 | 17.95 | 0.75 | 0.73 | 0.73 | 1.50 | 188,040 | 14 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.46 | — | 17.47 | 18.13 | 0.75 | 0.73 | 0.73 | 2.16 | 194,504 | 18 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.43 | — | 15.18 | (5.76 | ) | 0.74 | 0.72 | 0.72 | 1.62 | 198,367 | 24 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.35 | — | 16.55 | 9.39 | 0.74 | 0.72 | 0.72 | 1.70 | 143,633 | 26 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.27 | — | 17.51 | (12.39 | ) | 1.00 | 0.98 | 0.98 | 1.41 | 215,609 | 29 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.23 | — | 20.30 | 17.68 | 1.00 | 0.98 | 0.98 | 1.25 | 274,498 | 14 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.41 | — | 17.45 | 17.79 | 1.00 | 0.98 | 0.98 | 1.91 | 291,208 | 18 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.38 | — | 15.17 | (5.97 | ) | 0.99 | 0.97 | 0.97 | 1.33 | 302,784 | 24 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.31 | — | 16.53 | 9.13 | 0.99 | 0.97 | 0.97 | 1.44 | 383,997 | 26 | |||||||||||||||||||||||||||||||||
VY® Invesco Equity and Income Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.55 | — | 38.95 | (9.90 | ) | 1.17 | 1.14 | 1.14 | 1.40 | 43,200 | 161 | ||||||||||||||||||||||||||||||||
12-31-17 | 1.74 | — | 46.81 | 10.32 | 1.17 | 1.14 | 1.14 | 1.43 | 54,583 | 134 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.55 | — | 44.06 | 14.69 | 1.17 | 1.14 | 1.14 | 1.24 | 49,628 | 134 | |||||||||||||||||||||||||||||||||
12-31-15 | 4.44 | — | 40.80 | (2.55 | ) | 1.16 | 1.14 | 1.14 | 1.04 | 49,572 | 140 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.79 | — | 46.25 | 8.43 | 1.16 | 1.14 | 1.14 | 1.34 | 52,407 | 157 |
See Accompanying Notes to Financial Statements
57
FINANCIAL HIGHLIGHTS (CONTINUED)
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
VY® Invesco Equity and Income Portfolio (continued) | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 47.51 | 0.88 | • | (5.06 | ) | (4.18 | ) | 0.90 | 2.89 | — | |||||||||||||||||||||
12-31-17 | 44.86 | 0.89 | • | 3.93 | 4.82 | 1.04 | 1.13 | — | |||||||||||||||||||||||
12-31-16 | 41.47 | 0.74 | • | 5.41 | 6.15 | 0.89 | 1.87 | — | |||||||||||||||||||||||
12-31-15 | 46.93 | 0.70 | • | (1.50 | ) | (0.80 | ) | 1.01 | 3.65 | — | |||||||||||||||||||||
12-31-14 | 44.92 | 0.87 | • | 3.11 | 3.98 | 0.73 | 1.24 | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 47.22 | 0.76 | • | (5.01 | ) | (4.25 | ) | 0.78 | 2.89 | — | |||||||||||||||||||||
12-31-17 | 44.48 | 0.77 | • | 3.89 | 4.66 | 0.79 | 1.13 | — | |||||||||||||||||||||||
12-31-16 | 41.14 | 0.62 | • | 5.37 | 5.99 | 0.78 | 1.87 | — | |||||||||||||||||||||||
12-31-15 | 46.59 | 0.58 | • | (1.49 | ) | (0.91 | ) | 0.89 | 3.65 | — | |||||||||||||||||||||
12-31-14 | 44.65 | 0.64 | • | 3.20 | 3.84 | 0.66 | 1.24 | — | |||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 46.59 | 0.69 | • | (4.93 | ) | (4.24 | ) | 0.71 | 2.89 | — | |||||||||||||||||||||
12-31-17 | 43.85 | 0.70 | • | 3.83 | 4.53 | 0.66 | 1.13 | — | |||||||||||||||||||||||
12-31-16 | 40.60 | 0.56 | • | 5.28 | 5.84 | 0.72 | 1.87 | — | |||||||||||||||||||||||
12-31-15 | 46.03 | 0.51 | • | (1.46 | ) | (0.95 | ) | 0.83 | 3.65 | — | |||||||||||||||||||||
12-31-14 | 44.13 | 0.43 | • | 3.29 | 3.72 | 0.58 | 1.24 | — | |||||||||||||||||||||||
VY® JPMorgan Mid Cap Value Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 19.78 | 0.15 | (2.35 | ) | (2.20 | ) | 0.16 | 1.68 | — | ||||||||||||||||||||||
12-31-17 | 19.31 | 0.07 | 2.41 | 2.48 | 0.07 | 1.94 | — | ||||||||||||||||||||||||
12-31-16 | 18.66 | 0.08 | 2.50 | 2.58 | 0.08 | 1.85 | — | ||||||||||||||||||||||||
12-31-15 | 22.47 | 0.06 | (0.63 | ) | (0.57 | ) | 0.08 | 3.16 | — | ||||||||||||||||||||||
12-31-14 | 20.96 | 0.11 | 2.84 | 2.95 | 0.14 | 1.30 | — | ||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 20.30 | 0.25 | • | (2.43 | ) | (2.18 | ) | 0.26 | 1.68 | — | |||||||||||||||||||||
12-31-17 | 19.75 | 0.18 | • | 2.48 | 2.66 | 0.17 | 1.94 | — | |||||||||||||||||||||||
12-31-16 | 19.04 | 0.18 | 2.56 | 2.74 | 0.18 | 1.85 | — | ||||||||||||||||||||||||
12-31-15 | 22.85 | 0.17 | (0.64 | ) | (0.47 | ) | 0.18 | 3.16 | — | ||||||||||||||||||||||
12-31-14 | 21.27 | 0.23 | 2.89 | 3.12 | 0.24 | 1.30 | — | ||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 20.10 | 0.20 | • | (2.40 | ) | (2.20 | ) | 0.21 | 1.68 | — | |||||||||||||||||||||
12-31-17 | 19.58 | 0.12 | • | 2.46 | 2.58 | 0.12 | 1.94 | — | |||||||||||||||||||||||
12-31-16 | 18.89 | 0.13 | 2.54 | 2.67 | 0.13 | 1.85 | — | ||||||||||||||||||||||||
12-31-15 | 22.70 | 0.12 | (0.65 | ) | (0.53 | ) | 0.12 | 3.16 | — | ||||||||||||||||||||||
12-31-14 | 21.14 | 0.18 | 2.86 | 3.04 | 0.18 | 1.30 | — | ||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 19.72 | 0.16 | • | (2.33 | ) | (2.17 | ) | 0.18 | 1.68 | — | |||||||||||||||||||||
12-31-17 | 19.25 | 0.09 | • | 2.41 | 2.50 | 0.09 | 1.94 | — | |||||||||||||||||||||||
12-31-16 | 18.60 | 0.10 | 2.50 | 2.60 | 0.10 | 1.85 | — | ||||||||||||||||||||||||
12-31-15 | 22.40 | 0.08 | • | (0.63 | ) | (0.55 | ) | 0.09 | 3.16 | — | |||||||||||||||||||||
12-31-14 | 20.89 | 0.13 | 2.84 | 2.97 | 0.16 | 1.30 | — | ||||||||||||||||||||||||
VY® Oppenheimer Global Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 21.42 | 0.04 | (2.66 | ) | (2.62 | ) | 0.25 | 1.49 | — | ||||||||||||||||||||||
12-31-17 | 15.90 | 0.04 | 5.64 | 5.68 | 0.13 | 0.03 | — | ||||||||||||||||||||||||
12-31-16 | 17.30 | 0.09 | • | (0.17 | ) | (0.08 | ) | 0.12 | 1.20 | — | |||||||||||||||||||||
12-31-15 | 18.21 | 0.08 | 0.69 | 0.77 | 0.19 | 1.49 | — | ||||||||||||||||||||||||
12-31-14 | 18.28 | 0.15 | 0.19 | 0.34 | 0.15 | 0.26 | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
VY® Invesco Equity and Income Portfolio (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.79 | — | 39.54 | (9.46 | ) | 0.67 | 0.64 | 0.64 | 1.90 | 468,289 | 161 | ||||||||||||||||||||||||||||||||
12-31-17 | 2.17 | — | 47.51 | 10.90 | 0.67 | 0.64 | 0.64 | 1.92 | 594,834 | 134 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.76 | — | 44.86 | 15.28 | 0.67 | 0.64 | 0.64 | 1.74 | 594,456 | 134 | |||||||||||||||||||||||||||||||||
12-31-15 | 4.66 | — | 41.47 | (2.06 | ) | 0.66 | 0.64 | 0.64 | 1.53 | 600,309 | 140 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.97 | — | 46.93 | 8.96 | 0.66 | 0.64 | 0.64 | 1.87 | 694,569 | 157 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.67 | — | 39.30 | (9.67 | ) | 0.92 | 0.89 | 0.89 | 1.65 | 463,989 | 161 | ||||||||||||||||||||||||||||||||
12-31-17 | 1.92 | — | 47.22 | 10.62 | 0.92 | 0.89 | 0.89 | 1.67 | 606,503 | 134 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.65 | — | 44.48 | 15.00 | 0.92 | 0.89 | 0.89 | 1.49 | 682,465 | 134 | |||||||||||||||||||||||||||||||||
12-31-15 | 4.54 | — | 41.14 | (2.31 | ) | 0.91 | 0.89 | 0.89 | 1.28 | 720,086 | 140 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.90 | — | 46.59 | 8.69 | 0.91 | 0.89 | 0.89 | 1.39 | 889,726 | 157 | |||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 3.60 | — | 38.75 | (9.79 | ) | 1.07 | 1.02 | 1.02 | 1.52 | 321,618 | 161 | ||||||||||||||||||||||||||||||||
12-31-17 | 1.79 | — | 46.59 | 10.48 | 1.07 | 1.02 | 1.02 | 1.54 | 420,527 | 134 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.59 | — | 43.85 | 14.84 | 1.10 | 1.02 | 1.02 | 1.36 | 446,998 | 134 | |||||||||||||||||||||||||||||||||
12-31-15 | 4.48 | — | 40.60 | (2.44 | ) | 1.16 | 1.02 | 1.02 | 1.15 | 443,119 | 140 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.82 | — | 46.03 | 8.54 | 1.16 | 1.02 | 1.02 | 0.95 | 522,608 | 157 | |||||||||||||||||||||||||||||||||
VY® JPMorgan Mid Cap Value Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.84 | — | 15.74 | (12.37 | ) | 1.38 | 1.38 | 1.38 | 0.79 | 80,243 | 12 | ||||||||||||||||||||||||||||||||
12-31-17 | 2.01 | — | 19.78 | 13.41 | 1.37 | 1.37 | 1.37 | 0.37 | 99,801 | 10 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.93 | — | 19.31 | 14.42 | 1.37 | 1.37 | 1.37 | 0.42 | 98,003 | 19 | |||||||||||||||||||||||||||||||||
12-31-15 | 3.24 | — | 18.66 | (3.27 | ) | 1.36 | 1.36 | 1.36 | 0.31 | 90,818 | 14 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.44 | — | 22.47 | 14.66 | 1.36 | 1.36 | 1.36 | 0.54 | 91,446 | 22 | |||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.94 | — | 16.18 | (11.96 | ) | 0.88 | 0.88 | 0.88 | 1.28 | 144,880 | 12 | ||||||||||||||||||||||||||||||||
12-31-17 | 2.11 | — | 20.30 | 14.04 | 0.87 | 0.87 | 0.87 | 0.87 | 210,989 | 10 | |||||||||||||||||||||||||||||||||
12-31-16 | 2.03 | — | 19.75 | �� | 14.94 | 0.87 | 0.87 | 0.87 | 0.92 | 215,892 | 19 | ||||||||||||||||||||||||||||||||
12-31-15 | 3.34 | — | 19.04 | (2.77 | ) | 0.86 | 0.86 | 0.86 | 0.80 | 227,935 | 14 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.54 | — | 22.85 | 15.27 | 0.86 | 0.86 | 0.86 | 1.02 | 272,496 | 22 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.89 | — | 16.01 | (12.19 | ) | 1.13 | 1.13 | 1.13 | 1.03 | 187,165 | 12 | ||||||||||||||||||||||||||||||||
12-31-17 | 2.06 | — | 20.10 | 13.72 | 1.12 | 1.12 | 1.12 | 0.61 | 256,845 | 10 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.98 | — | 19.58 | 14.69 | 1.12 | 1.12 | 1.12 | 0.67 | 291,725 | 19 | |||||||||||||||||||||||||||||||||
12-31-15 | 3.28 | — | 18.89 | (3.04 | ) | 1.11 | 1.11 | 1.11 | 0.55 | 298,607 | 14 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.48 | — | 22.70 | 14.99 | 1.11 | 1.11 | 1.11 | 0.75 | 352,277 | 22 | |||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.86 | — | 15.69 | (12.30 | ) | 1.28 | 1.28 | 1.28 | 0.86 | 2,116 | 12 | ||||||||||||||||||||||||||||||||
12-31-17 | 2.03 | — | 19.72 | 13.52 | 1.27 | 1.27 | 1.27 | 0.45 | 3,382 | 10 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.95 | — | 19.25 | 14.56 | 1.30 | 1.27 | 1.27 | 0.52 | 3,810 | 19 | |||||||||||||||||||||||||||||||||
12-31-15 | 3.25 | — | 18.60 | (3.20 | ) | 1.36 | 1.26 | 1.26 | 0.40 | 3,906 | 14 | ||||||||||||||||||||||||||||||||
12-31-14 | 1.46 | — | 22.40 | 14.81 | 1.36 | 1.26 | 1.26 | 0.63 | 5,643 | 22 | |||||||||||||||||||||||||||||||||
VY® Oppenheimer Global Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.74 | — | 17.06 | (13.62 | ) | 1.25 | 1.25 | 1.25 | 0.22 | 101,759 | 17 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.16 | — | 21.42 | 35.82 | 1.25 | 1.25 | 1.25 | 0.17 | 120,344 | 9 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.32 | — | 15.90 | (0.29 | ) | 1.25 | 1.25 | 1.25 | 0.58 | 90,660 | 6 | ||||||||||||||||||||||||||||||||
12-31-15 | 1.68 | — | 17.30 | 3.56 | 1.25 | 1.25 | 1.25 | 0.51 | 110,372 | 12 | |||||||||||||||||||||||||||||||||
12-31-14 | 0.41 | — | 18.21 | 1.86 | 1.25 | 1.25 | 1.25 | 0.81 | 101,077 | 12 |
See Accompanying Notes to Financial Statements
58
FINANCIAL HIGHLIGHTS (CONTINUED)
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
VY® Oppenheimer Global Portfolio (continued) | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 22.33 | 0.16 | • | (2.80 | ) | (2.64 | ) | 0.34 | 1.49 | — | |||||||||||||||||||||
12-31-17 | 16.56 | 0.15 | 5.87 | 6.02 | 0.22 | 0.03 | — | ||||||||||||||||||||||||
12-31-16 | 17.97 | 0.20 | (0.20 | ) | 0.00 | * | 0.21 | 1.20 | — | ||||||||||||||||||||||
12-31-15 | 18.84 | 0.20 | • | 0.71 | 0.91 | 0.29 | 1.49 | — | |||||||||||||||||||||||
12-31-14 | 18.89 | 0.25 | • | 0.19 | 0.44 | 0.23 | 0.26 | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 21.53 | 0.10 | • | (2.68 | ) | (2.58 | ) | 0.29 | 1.49 | — | |||||||||||||||||||||
12-31-17 | 15.98 | 0.08 | 5.67 | 5.75 | 0.17 | 0.03 | — | ||||||||||||||||||||||||
12-31-16 | 17.38 | 0.13 | • | (0.17 | ) | (0.04 | ) | 0.16 | 1.20 | — | |||||||||||||||||||||
12-31-15 | 18.28 | 0.15 | • | 0.68 | 0.83 | 0.24 | 1.49 | — | |||||||||||||||||||||||
12-31-14 | 18.34 | 0.20 | • | 0.18 | 0.38 | 0.18 | 0.26 | — | |||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 20.97 | 0.06 | • | (2.60 | ) | (2.54 | ) | 0.27 | 1.49 | — | |||||||||||||||||||||
12-31-17 | 15.58 | 0.05 | 5.53 | 5.58 | 0.16 | 0.03 | — | ||||||||||||||||||||||||
12-31-16 | 16.97 | 0.10 | • | (0.17 | ) | (0.07 | ) | 0.12 | 1.20 | — | |||||||||||||||||||||
12-31-15 | 17.88 | 0.11 | • | 0.69 | 0.80 | 0.22 | 1.49 | — | |||||||||||||||||||||||
12-31-14 | 17.98 | 0.16 | • | 0.18 | 0.34 | 0.18 | 0.26 | — | |||||||||||||||||||||||
VY® Pioneer High Yield Portfolio | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 11.95 | 0.59 | (0.89 | ) | (0.30 | ) | 0.61 | — | — | ||||||||||||||||||||||
12-31-17 | 11.69 | 0.57 | • | 0.28 | 0.85 | 0.59 | — | — | |||||||||||||||||||||||
12-31-16 | 10.77 | 0.56 | 0.94 | 1.50 | 0.58 | — | — | ||||||||||||||||||||||||
12-31-15 | 11.87 | 0.59 | • | (1.10 | ) | (0.51 | ) | 0.59 | — | — | |||||||||||||||||||||
12-31-14 | 12.41 | 0.58 | (0.53 | ) | 0.05 | 0.59 | — | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 11.94 | 0.56 | • | (0.89 | ) | (0.33 | ) | 0.58 | — | — | |||||||||||||||||||||
12-31-17 | 11.67 | 0.54 | • | 0.29 | 0.83 | 0.56 | — | — | |||||||||||||||||||||||
12-31-16 | 10.76 | 0.52 | 0.94 | 1.46 | 0.55 | — | — | ||||||||||||||||||||||||
12-31-15 | 11.86 | 0.56 | • | (1.10 | ) | (0.54 | ) | 0.56 | — | — | |||||||||||||||||||||
12-31-14 | 12.39 | 0.56 | • | (0.53 | ) | 0.03 | 0.56 | — | — | ||||||||||||||||||||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 10.50 | (0.02 | ) | (0.24 | ) | (0.26 | ) | — | 1.16 | — | |||||||||||||||||||||
12-31-17 | 9.19 | (0.03 | ) | 2.17 | 2.14 | 0.03 | 0.80 | — | |||||||||||||||||||||||
12-31-16 | 9.83 | (0.01 | )• | 0.68 | 0.67 | 0.00 | * | 1.31 | — | ||||||||||||||||||||||
12-31-15 | 11.43 | (0.04 | ) | 0.31 | 0.27 | — | 1.87 | — | |||||||||||||||||||||||
12-31-14 | 11.08 | (0.03 | ) | 1.21 | 1.18 | 0.00 | * | 0.83 | — | ||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 11.56 | 0.04 | (0.28 | ) | (0.24 | ) | 0.02 | 1.16 | — | ||||||||||||||||||||||
12-31-17 | 10.03 | 0.02 | 2.38 | 2.40 | 0.07 | 0.80 | — | ||||||||||||||||||||||||
12-31-16 | 10.60 | 0.04 | 0.73 | 0.77 | 0.03 | 1.31 | — | ||||||||||||||||||||||||
12-31-15 | 12.13 | 0.02 | 0.32 | 0.34 | — | 1.87 | — | ||||||||||||||||||||||||
12-31-14 | 11.68 | 0.03 | 1.28 | 1.31 | 0.03 | 0.83 | — | ||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||
12-31-18 | 11.56 | 0.03 | (0.27 | ) | (0.24 | ) | 0.02 | 1.16 | — | ||||||||||||||||||||||
12-31-17 | 10.03 | 0.02 | • | 2.38 | 2.40 | 0.07 | 0.80 | — | |||||||||||||||||||||||
05-03-16(5)-12-31-16 | 10.58 | 0.03 | • | 0.76 | 0.79 | 0.03 | 1.31 | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
VY® Oppenheimer Global Portfolio (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.83 | — | 17.86 | (13.19 | ) | 0.75 | 0.75 | 0.75 | 0.72 | 1,061,448 | 17 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.25 | — | 22.33 | 36.49 | 0.75 | 0.75 | 0.75 | 0.68 | 1,384,452 | 9 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.41 | — | 16.56 | 0.22 | 0.75 | 0.75 | 0.75 | 1.07 | 1,091,478 | 6 | |||||||||||||||||||||||||||||||||
12-31-15 | 1.78 | — | 17.97 | 4.13 | 0.75 | 0.75 | 0.75 | 1.04 | 1,254,238 | 12 | |||||||||||||||||||||||||||||||||
12-31-14 | 0.49 | — | 18.84 | 2.32 | 0.75 | 0.75 | 0.75 | 1.32 | 1,320,671 | 12 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.78 | — | 17.17 | (13.39 | ) | 1.00 | 1.00 | 1.00 | 0.49 | 167,520 | 17 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.20 | — | 21.53 | 36.13 | 1.00 | 1.00 | 1.00 | 0.41 | 238,436 | 9 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.36 | — | 15.98 | (0.04 | ) | 1.00 | 1.00 | 1.00 | 0.82 | 174,417 | 6 | ||||||||||||||||||||||||||||||||
12-31-15 | 1.73 | — | 17.38 | 3.84 | 1.00 | 1.00 | 1.00 | 0.77 | 231,621 | 12 | |||||||||||||||||||||||||||||||||
12-31-14 | 0.44 | — | 18.28 | 2.09 | 1.00 | 1.00 | 1.00 | 1.08 | 215,383 | 12 | |||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.76 | — | 16.67 | (13.56 | ) | 1.15 | 1.15 | 1.15 | 0.30 | 3,963 | 17 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.19 | — | 20.97 | 35.92 | 1.15 | 1.15 | 1.15 | 0.27 | 4,030 | 9 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.32 | — | 15.58 | (0.20 | ) | 1.18 | 1.15 | 1.15 | 0.66 | 3,415 | 6 | ||||||||||||||||||||||||||||||||
12-31-15 | 1.71 | — | 16.97 | 3.74 | 1.25 | 1.15 | 1.15 | 0.61 | 4,371 | 12 | |||||||||||||||||||||||||||||||||
12-31-14 | 0.44 | — | 17.88 | 1.91 | 1.25 | 1.15 | 1.15 | 0.91 | 4,827 | 12 | |||||||||||||||||||||||||||||||||
VY® Pioneer High Yield Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.61 | — | 11.04 | (2.67 | ) | 0.78 | 0.71 | 0.71 | 5.05 | 90,089 | 54 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.59 | — | 11.95 | 7.36 | 0.78 | 0.71 | 0.71 | 4.78 | 98,202 | 44 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.58 | — | 11.69 | 14.29 | 0.78 | 0.71 | 0.71 | 5.01 | 99,573 | 51 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.59 | — | 10.77 | (4.55 | ) | 0.76 | 0.71 | 0.71 | 4.98 | 91,560 | 28 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.59 | — | 11.87 | 0.27 | 0.76 | 0.71 | 0.71 | 4.73 | 117,617 | 35 | |||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.58 | — | 11.03 | (2.91 | ) | 1.03 | 0.96 | 0.96 | 4.76 | 1,995 | 54 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.56 | — | 11.94 | 7.19 | 1.03 | 0.96 | 0.96 | 4.53 | 3,510 | 44 | |||||||||||||||||||||||||||||||||
12-31-16 | 0.55 | — | 11.67 | 13.91 | 1.03 | 0.96 | 0.96 | 4.76 | 4,263 | 51 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.56 | — | 10.76 | (4.79 | ) | 1.01 | 0.96 | 0.96 | 4.73 | 3,776 | 28 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.56 | — | 11.86 | 0.10 | 1.01 | 0.96 | 0.96 | 4.50 | 4,412 | 35 | |||||||||||||||||||||||||||||||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.16 | — | 9.08 | (3.77 | ) | 1.27 | 1.27 | 1.27 | (0.14 | ) | 61,179 | 19 | |||||||||||||||||||||||||||||||
12-31-17 | 0.83 | — | 10.50 | 24.12 | 1.27 | 1.27 | 1.27 | (0.32 | ) | 62,022 | 28 | ||||||||||||||||||||||||||||||||
12-31-16 | 1.31 | — | 9.19 | 6.93 | 1.27 | 1.27 | 1.27 | (0.15 | ) | 49,418 | 26 | ||||||||||||||||||||||||||||||||
12-31-15 | 1.87 | — | 9.83 | 1.51 | 1.27 | 1.27 | 1.27 | (0.34 | ) | 27,217 | 26 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.83 | — | 11.43 | 11.29 | 1.28 | 1.27 | 1.27 | (0.28 | ) | 29,356 | 27 | ||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.18 | — | 10.14 | (3.23 | ) | 0.77 | 0.77 | 0.77 | 0.36 | 763,686 | 19 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.87 | — | 11.56 | 24.81 | 0.77 | 0.77 | 0.77 | 0.18 | 879,678 | 28 | |||||||||||||||||||||||||||||||||
12-31-16 | 1.34 | — | 10.03 | 7.41 | 0.77 | 0.77 | 0.77 | 0.34 | 737,054 | 26 | |||||||||||||||||||||||||||||||||
12-31-15 | 1.87 | — | 10.60 | 2.02 | 0.77 | 0.77 | 0.77 | 0.17 | 766,591 | 26 | |||||||||||||||||||||||||||||||||
12-31-14 | 0.86 | — | 12.13 | 11.82 | 0.78 | 0.77 | 0.77 | 0.22 | 796,856 | 27 | |||||||||||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.18 | — | 10.14 | (3.24 | ) | 0.77 | 0.77 | 0.77 | 0.38 | 15,642 | 19 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.87 | — | 11.56 | 24.81 | 0.77 | 0.77 | 0.77 | 0.18 | 9,313 | 28 | |||||||||||||||||||||||||||||||||
05-03-16(5)-12-31-16 | 1.34 | — | 10.03 | 7.62 | 0.77 | 0.77 | 0.77 | 0.53 | 1,084 | 26 |
See Accompanying Notes to Financial Statements
59
FINANCIAL HIGHLIGHTS (CONTINUED)
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio (continued) | |||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 11.15 | 0.02 | (0.27 | ) | (0.25 | ) | — | 1.16 | — | ||||||||||||||||||||||
12-31-17 | 9.71 | (0.01 | )• | 2.30 | 2.29 | 0.05 | 0.80 | — | |||||||||||||||||||||||
12-31-16 | 10.30 | 0.01 | • | 0.72 | 0.73 | 0.01 | 1.31 | — | |||||||||||||||||||||||
12-31-15 | 11.87 | (0.01 | ) | 0.31 | 0.30 | — | 1.87 | — | |||||||||||||||||||||||
12-31-14 | 11.44 | (0.00 | )* | 1.26 | 1.26 | 0.00 | * | 0.83 | — | ||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 10.54 | (0.01 | ) | (0.24 | ) | (0.25 | ) | — | 1.16 | — | |||||||||||||||||||||
12-31-17 | 9.22 | (0.02 | ) | 2.18 | 2.16 | 0.04 | 0.80 | — | |||||||||||||||||||||||
12-31-16 | 9.85 | (0.01 | ) | 0.69 | 0.68 | — | 1.31 | — | |||||||||||||||||||||||
12-31-15 | 11.44 | (0.02 | ) | 0.30 | 0.28 | — | 1.87 | — | |||||||||||||||||||||||
12-31-14 | 11.08 | (0.01 | ) | 1.20 | 1.19 | 0.00 | * | 0.83 | — | ||||||||||||||||||||||
VY® T. Rowe Price Growth Equity Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 86.22 | (0.20 | )• | 0.81 | 0.61 | — | 15.87 | — | |||||||||||||||||||||||
12-31-17 | 72.53 | (0.23 | ) | 23.41 | 23.18 | — | 9.49 | — | |||||||||||||||||||||||
12-31-16 | 81.69 | (0.25 | ) | 0.93 | 0.68 | — | 9.84 | — | |||||||||||||||||||||||
12-31-15 | 86.54 | (0.46 | )• | 9.58 | 9.12 | — | 13.97 | — | |||||||||||||||||||||||
12-31-14 | 86.20 | (0.42 | ) | 7.08 | 6.66 | — | 6.32 | — | |||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 93.19 | 0.24 | 0.71 | 0.95 | 0.23 | 15.87 | — | ||||||||||||||||||||||||
12-31-17 | 77.44 | 0.19 | 25.10 | 25.29 | 0.05 | 9.49 | — | ||||||||||||||||||||||||
12-31-16 | 86.14 | 0.13 | 1.01 | 1.14 | — | 9.84 | — | ||||||||||||||||||||||||
12-31-15 | 90.15 | (0.03 | ) | 9.99 | 9.96 | — | 13.97 | — | |||||||||||||||||||||||
12-31-14 | 89.11 | 0.00 | * | 7.36 | 7.36 | — | 6.32 | — | |||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 89.69 | 0.00 | * | 0.76 | 0.76 | 0.04 | 15.87 | — | |||||||||||||||||||||||
12-31-17 | 74.96 | (0.03 | ) | 24.25 | 24.22 | — | 9.49 | — | |||||||||||||||||||||||
12-31-16 | 83.90 | (0.08 | ) | 0.98 | 0.90 | — | 9.84 | — | |||||||||||||||||||||||
12-31-15 | 88.33 | (0.25 | )• | 9.79 | 9.54 | — | 13.97 | — | |||||||||||||||||||||||
12-31-14 | 87.65 | (0.22 | ) | 7.22 | 7.00 | — | 6.32 | — | |||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 87.30 | (0.12 | )• | 0.79 | 0.67 | — | 15.87 | — | |||||||||||||||||||||||
12-31-17 | 73.27 | (0.16 | )• | 23.68 | 23.52 | — | 9.49 | — | |||||||||||||||||||||||
12-31-16 | 82.35 | (0.17 | )• | 0.93 | 0.76 | — | 9.84 | — | |||||||||||||||||||||||
12-31-15 | 87.05 | (0.38 | )• | 9.65 | 9.27 | — | 13.97 | — | |||||||||||||||||||||||
12-31-14 | 86.59 | (0.33 | )• | 7.11 | 6.78 | — | 6.32 | — | |||||||||||||||||||||||
VY® Templeton Foreign Equity Portfolio | |||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||
12-31-18 | 13.06 | 0.16 | • | (2.13 | ) | (1.97 | ) | 0.21 | — | — | |||||||||||||||||||||
12-31-17 | 10.90 | 0.19 | 2.16 | 2.35 | 0.19 | — | — | ||||||||||||||||||||||||
12-31-16 | 11.08 | 0.20 | • | (0.07 | ) | 0.13 | 0.31 | — | — | ||||||||||||||||||||||
12-31-15 | 11.91 | 0.21 | • | (0.63 | ) | (0.42 | ) | 0.41 | — | — | |||||||||||||||||||||
12-31-14 | 13.07 | 0.36 | • | (1.26 | ) | (0.90 | ) | 0.26 | — | — | |||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||
12-31-18 | 13.21 | 0.23 | • | (2.17 | ) | (1.94 | ) | 0.27 | — | — | |||||||||||||||||||||
12-31-17 | 11.01 | 0.25 | • | 2.20 | 2.45 | 0.25 | — | — | |||||||||||||||||||||||
12-31-16 | 11.20 | 0.25 | • | (0.06 | ) | 0.19 | 0.38 | — | — | ||||||||||||||||||||||
12-31-15 | 12.04 | 0.28 | • | (0.64 | ) | (0.36 | ) | 0.48 | — | — | |||||||||||||||||||||
12-31-14 | 13.21 | 0.43 | • | (1.28 | ) | (0.85 | ) | 0.32 | — | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.16 | — | 9.74 | (3.44 | ) | 1.02 | 1.02 | 1.02 | 0.11 | 42,403 | 19 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.85 | — | 11.15 | 24.46 | 1.02 | 1.02 | 1.02 | (0.07 | ) | 55,222 | 28 | ||||||||||||||||||||||||||||||||
12-31-16 | 1.32 | — | 9.71 | 7.19 | 1.02 | 1.02 | 1.02 | 0.12 | 56,578 | 26 | |||||||||||||||||||||||||||||||||
12-31-15 | 1.87 | — | 10.30 | 1.72 | 1.02 | 1.02 | 1.02 | (0.08 | ) | 30,614 | 26 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.83 | — | 11.87 | 11.65 | 1.03 | 1.02 | 1.02 | (0.02 | ) | 30,412 | 27 | ||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 1.16 | — | 9.13 | (3.65 | ) | 1.17 | 1.17 | 1.17 | (0.03 | ) | 4,094 | 19 | |||||||||||||||||||||||||||||||
12-31-17 | 0.84 | — | 10.54 | 24.28 | 1.17 | 1.17 | 1.17 | (0.21 | ) | 4,103 | 28 | ||||||||||||||||||||||||||||||||
12-31-16 | 1.31 | — | 9.22 | 6.99 | 1.20 | 1.17 | 1.17 | (0.06 | ) | 4,451 | 26 | ||||||||||||||||||||||||||||||||
12-31-15 | 1.87 | — | 9.85 | 1.60 | 1.27 | 1.17 | 1.17 | (0.23 | ) | 4,095 | 26 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.83 | — | 11.44 | 11.39 | 1.28 | 1.17 | 1.17 | (0.13 | ) | 3,893 | 27 | ||||||||||||||||||||||||||||||||
VY® T. Rowe Price Growth Equity Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 15.87 | — | 70.96 | (1.57 | ) | 1.23 | 1.21 | 1.21 | (0.24 | ) | 239,404 | 47 | |||||||||||||||||||||||||||||||
12-31-17 | 9.49 | — | 86.22 | 32.91 | 1.24 | 1.23 | 1.23 | (0.29 | ) | 248,624 | 51 | ||||||||||||||||||||||||||||||||
12-31-16 | 9.84 | — | 72.53 | 1.01 | 1.24 | 1.23 | 1.23 | (0.34 | ) | 192,546 | 40 | ||||||||||||||||||||||||||||||||
12-31-15 | 13.97 | — | 81.69 | 10.25 | 1.24 | 1.23 | 1.23 | (0.54 | ) | 202,307 | 42 | ||||||||||||||||||||||||||||||||
12-31-14 | 6.32 | — | 86.54 | 8.16 | 1.24 | 1.23 | 1.23 | (0.50 | ) | 171,971 | 35 | ||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 16.10 | — | 78.04 | (1.09 | ) | 0.73 | 0.71 | 0.71 | 0.27 | 1,092,998 | 47 | ||||||||||||||||||||||||||||||||
12-31-17 | 9.54 | — | 93.19 | 33.58 | 0.74 | 0.73 | 0.73 | 0.21 | 1,101,965 | 51 | |||||||||||||||||||||||||||||||||
12-31-16 | 9.84 | — | 77.44 | 1.51 | 0.74 | 0.73 | 0.73 | 0.16 | 989,826 | 40 | |||||||||||||||||||||||||||||||||
12-31-15 | 13.97 | — | 86.14 | 10.81 | 0.74 | 0.73 | 0.73 | (0.04 | ) | 1,124,421 | 42 | ||||||||||||||||||||||||||||||||
12-31-14 | 6.32 | — | 90.15 | 8.69 | 0.74 | 0.73 | 0.73 | 0.00 | * | 1,036,976 | 35 | ||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 15.91 | — | 74.54 | (1.33 | ) | 0.98 | 0.96 | 0.96 | 0.01 | 329,427 | 47 | ||||||||||||||||||||||||||||||||
12-31-17 | 9.49 | — | 89.69 | 33.25 | 0.99 | 0.98 | 0.98 | (0.04 | ) | 379,473 | 51 | ||||||||||||||||||||||||||||||||
12-31-16 | 9.84 | — | 74.96 | 1.26 | 0.99 | 0.98 | 0.98 | (0.10 | ) | 336,810 | 40 | ||||||||||||||||||||||||||||||||
12-31-15 | 13.97 | — | 83.90 | 10.54 | 0.99 | 0.98 | 0.98 | (0.29 | ) | 427,186 | 42 | ||||||||||||||||||||||||||||||||
12-31-14 | 6.32 | — | 88.33 | 8.42 | 0.99 | 0.98 | 0.98 | (0.25 | ) | 360,966 | 35 | ||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 15.87 | — | 72.10 | (1.47 | ) | 1.13 | 1.11 | 1.11 | (0.14 | ) | 8,564 | 47 | |||||||||||||||||||||||||||||||
12-31-17 | 9.49 | — | 87.30 | 33.06 | 1.14 | 1.13 | 1.13 | (0.19 | ) | 9,014 | 51 | ||||||||||||||||||||||||||||||||
12-31-16 | 9.84 | — | 73.27 | 1.10 | 1.17 | 1.13 | 1.13 | (0.23 | ) | 8,597 | 40 | ||||||||||||||||||||||||||||||||
12-31-15 | 13.97 | — | 82.35 | 10.38 | 1.24 | 1.13 | 1.13 | (0.44 | ) | 5,361 | 42 | ||||||||||||||||||||||||||||||||
12-31-14 | 6.32 | — | 87.05 | 8.26 | 1.24 | 1.13 | 1.13 | (0.38 | ) | 4,616 | 35 | ||||||||||||||||||||||||||||||||
VY® Templeton Foreign Equity Portfolio | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.21 | — | 10.88 | (15.32 | ) | 1.47 | 1.40 | 1.40 | 1.26 | 30,149 | 16 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.19 | — | 13.06 | 21.66 | (a) | 1.46 | 1.40 | 1.40 | 1.50 | 37,898 | 14 | ||||||||||||||||||||||||||||||||
12-31-16 | 0.31 | — | 10.90 | 1.33 | 1.46 | 1.41 | 1.41 | 1.84 | 31,937 | 15 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.41 | — | 11.08 | (3.83 | )(b) | 1.45 | 1.43 | 1.43 | 1.76 | 35,751 | 10 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.26 | — | 11.91 | (7.01 | ) | 1.44 | 1.42 | 1.42 | 2.81 | 40,973 | 10 | ||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.27 | — | 11.00 | (14.95 | ) | 0.97 | 0.90 | 0.90 | 1.77 | 135,229 | 16 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.25 | — | 13.21 | 22.35 | (a) | 0.96 | 0.90 | 0.90 | 2.00 | 183,905 | 14 | ||||||||||||||||||||||||||||||||
12-31-16 | 0.38 | — | 11.01 | 1.85 | 0.96 | 0.91 | 0.91 | 2.33 | 170,231 | 15 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.48 | — | 11.20 | (3.34 | )(b) | 0.95 | 0.93 | 0.93 | 2.29 | 186,602 | 10 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.32 | — | 12.04 | (6.59 | ) | 0.94 | 0.92 | 0.92 | 3.27 | 215,838 | 10 |
See Accompanying Notes to Financial Statements
60
FINANCIAL HIGHLIGHTS (CONTINUED)
Selected data for a share of beneficial interest outstanding throughout each year or period.
Income (loss) from investment operations | Less distributions | ||||||||||||||||||||||||||||||
Net asset value, beginning of year or period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | From net investment income | From net realized gains | From return of capital | |||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ||||||||||||||||||||||||
VY® Templeton Foreign Equity Portfolio (continued) | |||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||
12-31-18 | 13.12 | 0.19 | • | (2.15 | ) | (1.96 | ) | 0.23 | — | — | |||||||||||||||||||||
12-31-17 | 10.94 | 0.22 | • | 2.18 | 2.40 | 0.22 | — | — | |||||||||||||||||||||||
12-31-16 | 11.12 | 0.22 | • | (0.05 | ) | 0.17 | 0.35 | — | — | ||||||||||||||||||||||
12-31-15 | 11.95 | 0.25 | • | (0.64 | ) | (0.39 | ) | 0.44 | — | — | |||||||||||||||||||||
12-31-14 | 13.12 | 0.40 | • | (1.28 | ) | (0.88 | ) | 0.29 | — | — | |||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||
12-31-18 | 13.05 | 0.18 | • | (2.16 | ) | (1.98 | ) | 0.08 | — | — | |||||||||||||||||||||
12-31-17 | 10.86 | 0.19 | • | 2.18 | 2.37 | 0.18 | — | — | |||||||||||||||||||||||
12-31-16 | 11.06 | 0.22 | (0.08 | ) | 0.14 | 0.34 | — | — | |||||||||||||||||||||||
12-31-15 | 11.90 | 0.23 | • | (0.63 | ) | (0.40 | ) | 0.44 | — | — | |||||||||||||||||||||
12-31-14 | 13.07 | 0.34 | (1.23 | ) | (0.89 | ) | 0.28 | — | — |
Ratios to average net assets | Supplemental data | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | Payment by affiliate | Net asset value, end of year or period | Total Return(1) | Expenses before reductions/additions(2)(3)(4) | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | Expenses net of all reductions/additions(2)(3)(4) | Net investment income (loss)(2)(3) | Net assets, end of year or period | Portfolio turnover rate | ||||||||||||||||||||||||||||||||||
Year or period ended | ($) | ($) | ($) | (%) | (%) | (%) | (%) | (%) | ($000's) | (%) | |||||||||||||||||||||||||||||||||
VY® Templeton Foreign Equity Portfolio (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.23 | — | 10.93 | (15.15 | ) | 1.22 | 1.15 | 1.15 | 1.52 | 309,059 | 16 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.22 | — | 13.12 | 22.00 | (a) | 1.21 | 1.15 | 1.15 | 1.76 | 404,801 | 14 | ||||||||||||||||||||||||||||||||
12-31-16 | 0.35 | — | 10.94 | 1.63 | 1.21 | 1.16 | 1.16 | 2.09 | 423,390 | 15 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.44 | — | 11.12 | (3.57 | )(b) | 1.20 | 1.18 | 1.18 | 2.03 | 497,824 | 10 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.29 | — | 11.95 | (6.87 | ) | 1.19 | 1.17 | 1.17 | 3.10 | 584,346 | 10 | ||||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12-31-18 | 0.08 | — | 10.99 | (15.26 | ) | 1.37 | 1.30 | 1.30 | 1.41 | 397 | 16 | ||||||||||||||||||||||||||||||||
12-31-17 | 0.18 | — | 13.05 | 21.90 | (a) | 1.36 | 1.30 | 1.30 | 1.57 | 999 | 14 | ||||||||||||||||||||||||||||||||
12-31-16 | 0.34 | — | 10.86 | 1.39 | 1.39 | 1.31 | 1.31 | 1.94 | 2,321 | 15 | |||||||||||||||||||||||||||||||||
12-31-15 | 0.44 | — | 11.06 | (3.72 | )(b) | 1.45 | 1.33 | 1.33 | 1.88 | 2,510 | 10 | ||||||||||||||||||||||||||||||||
12-31-14 | 0.28 | — | 11.90 | (6.99 | ) | 1.44 | 1.32 | 1.32 | 2.80 | 2,065 | 10 |
(1) Total return is calculated assuming reinvestment of all dividends, capital gain distributions and return of capital distributions, if any, at net asset value and does not reflect the effect of insurance contract charges. Total return for periods less than one year is not annualized.
(2) Annualized for periods less than one year.
(3) Ratios reflect operating expenses of a Portfolio. Expenses before reductions/additions do not reflect amounts reimbursed or recouped by the Investment Adviser and/or Distributor or reductions from brokerage service arrangements or other expense offset arrangements and do not represent the amount paid by a Portfolio during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the Investment Adviser and/or Distributor or recoupment of previously reimbursed fees by the Investment Adviser, but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions/additions represent the net
expenses paid by a Portfolio. Net investment income (loss) is net of all such additions or reductions.
(4) Ratios do not include fees and expenses charged under the variable annuity contract or variable life insurance policy.
(5) Commencement of operations.
(a) Excluding amounts from foreign withholding tax claims received in the year ended December 31, 2017, Templeton Foreign Equity's total return would have been 21.38%, 21.98%, 21.63%, and 21.53% for Classes ADV, I, S, and S2, respectively.
(b) Excluding amounts related to a foreign currency settlement recorded in the fiscal year ended December 31, 2015, Templeton Foreign Equity's total return would have been (4.09)%, (3.60)%, (3.83)% and (3.99)% for Classes ADV, I, S and S2, respectively.
• Calculated using average number of shares outstanding throughout the year or period.
* Amount is less than $0.005 or 0.005% or more than $(0.005) or (0.005)%.
See Accompanying Notes to Financial Statements
61
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018
NOTE 1 — ORGANIZATION
Voya Partners, Inc. (the "Company") is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). It was incorporated under the laws of Maryland on May 7, 1997. The Articles of Incorporation permit the Company to offer separate series, each of which has its own investment objective, policies and restrictions. The Company currently consists of thirty-eight active separate investment series. The thirteen series (each, a "Portfolio" and collectively, the "Portfolios") included in this report are: Voya Global Bond Portfolio ("Global Bond"),VY® American Century Small-Mid Cap Value Portfolio ("American Century Small-Mid Cap Value"), VY® Baron Growth Portfolio ("Baron Growth"), VY® Columbia Contrarian Core Portfolio ("Columbia Contrarian Core"), VY® Columbia Small Cap Value II Portfolio ("Columbia Small Cap Value II"), VY® Invesco Comstock Portfolio ("Invesco Comstock"), VY® Invesco Equity and Income Portfolio ("Invesco Equity and Income"), VY® JPMorgan Mid Cap Value Portfolio ("JPMorgan Mid Cap Value"), VY® Oppenheimer Global Portfolio ("Oppenheimer Global"), VY® Pioneer High Yield Portfolio ("Pioneer High Yield"), VY® T. Rowe Price Diversified Mid Cap Growth Portfolio ("T. Rowe Price Diversified Mid Cap Growth"), VY® T. Rowe Price Growth Equity Portfolio ("T. Rowe Price Growth Equity"), and VY® Templeton Foreign Equity Portfolio ("Templeton Foreign Equity"), each a diversified series of the Company. The investment objective of the Portfolios is described in the respective Portfolio's Prospectus.
The classes of shares included in this report are: Adviser ("Class ADV"), Initial ("Class I"), Class R6, Service ("Class S") and Service 2 ("Class S2"); however, each Portfolio may not offer all share classes. Shares of the Portfolios may be offered to separate accounts ("Separate Accounts") of insurance companies as investment options in connection with variable annuity contracts and variable life insurance policies ("Variable Contracts") and to certain of the Portfolios' investment advisers and their affiliates. In the future, shares may also be offered to qualified pension and retirement plans ("Qualified Plans") outside the Separate Account context. With the exception of class specific matters, each class has equal voting rights as to voting privileges. For class specific proposals, only the applicable class would have voting privileges. The classes differ principally in the applicable distribution and shareholder service fees. Generally, shareholders of each class also bear certain expenses that pertain to that particular class. All shareholders are allocated the common expenses of a portfolio and earn income and realized gains/losses from a portfolio pro rata based on the daily ending net assets
of each class, without distinction between share classes. Distributions are determined separately for each class based on income and expenses allocated to each class. Expenses that are specific to a portfolio or a class are charged directly to that portfolio or class. Other operating expenses shared by several portfolios are generally allocated among those portfolios based on average net assets. Realized gain distributions are allocated to each class pro rata based on the shares outstanding of each class on the date of distribution. Differences in per share dividend rates generally result from differences in separate class expenses, including distribution and shareholder service fees, if applicable.
Voya Investments, LLC ("Voya Investments" or the "Investment Adviser"), an Arizona limited liability company, serves as the Investment Adviser to the Portfolios. Voya Investment Management Co. LLC ("Voya IM"), a Delaware limited liability company, serves as the sub-adviser to Global Bond. Voya Investments Distributor, LLC ("VID" or the "Distributor"), a Delaware limited liability company, serves as the principal underwriter to the Portfolios.
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES
The following significant accounting policies are consistently followed by the Portfolios in the preparation of their financial statements. Each Portfolio is considered an investment company under U.S. generally accepted accounting principles ("GAAP") and follows the accounting and reporting guidance applicable to investment companies.
A. Security Valuation. Each Portfolio is open for business every day the New York Stock Exchange ("NYSE") opens for regular trading (each such day, a "Business Day"). The net asset value ("NAV") per share for each class of each Portfolio is determined each Business Day as of the close of the regular trading session ("Market Close"), as determined by the Consolidated Tape Association ("CTA"), the central distributor of transaction prices for exchange-traded securities (normally 4:00 p.m. Eastern time unless otherwise designated by the CTA). The data reflected on the consolidated tape provided by the CTA is generated by various market centers, including all securities exchanges, electronic communications networks, and third-market broker-dealers. The NAV per share of each class of each Portfolio is calculated by taking the value of the Portfolio's assets attributable to that class, subtracting the Portfolio's liabilities attributable to that class, and dividing by the number of shares of that class that are outstanding. On days when a Portfolio is closed for business, Portfolio shares will not be priced and a Portfolio does not transact purchase and redemption
62
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
orders. To the extent a Portfolio's assets are traded in other markets on days when a Portfolio does not price its shares, the value of a Portfolio's assets will likely change and you will not be able to purchase or redeem shares of a Portfolio.
Assets for which market quotations are readily available are valued at market value. A security listed or traded on an exchange is valued at its last sales price or official closing price as of the close of the regular trading session on the exchange where the security is principally traded or, if such price is not available, at the last sale price as of the Market Close for such security provided by the CTA. Bank loans are valued at the average of the averages of the bid and ask prices provided to an independent loan pricing service by brokers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. Investments in open-end registered investment companies that do not trade on an exchange are valued at the end of day NAV per share. Investments in registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the regular trading session on the exchange where the security is principally traded.
When a market quotation is not readily available or is deemed unreliable, each Portfolio will determine a fair value for the relevant asset in accordance with procedures adopted by the Portfolios' Board of Directors ("Board"). Such procedures provide, for example, that: (a) Exchange-traded securities are valued at the mean of the closing bid and ask; (b) Debt obligations are valued using an evaluated price provided by an independent pricing service. Evaluated prices provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect factors such as institution-size trading in similar groups of securities, developments related to specific securities, benchmark yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data; (c) Securities traded in the over-the-counter ("OTC") market are valued based on prices provided by independent pricing services or market makers; (d) Options not listed on an exchange are valued by an independent source using an industry accepted model, such as Black-Scholes; (e) Centrally cleared swap agreements are valued using a price provided by the central counterparty clearinghouse; (f) OTC swap agreements are valued using a price provided by an independent pricing service; (g) Forward foreign currency exchange contracts are valued utilizing
current and forward rates obtained from an independent pricing service. Such prices from the third party pricing service are for specific settlement periods and each Portfolio's forward foreign currency exchange contracts are valued at an interpolated rate between the closest preceding and subsequent period reported by the independent pricing service; and (h) Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by brokers.
The prospectuses of the open-end registered investment companies in which each Portfolio may invest explain the circumstances under which they will use fair value pricing and the effects of using fair value pricing.
Foreign securities' (including forward foreign currency exchange contracts) prices are converted into U.S. dollar amounts using the applicable exchange rates as of Market Close. If market quotations are available and believed to be reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before Market Close, closing market quotations may become unreliable. An independent pricing service determines the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of Market Close. Foreign securities' prices meeting the approved degree of certainty that the price is not reflective of current value will be valued by the independent pricing service using pricing models designed to estimate likely changes in the values of those securities between the times in which the trading in those securities is substantially completed and Market Close. Multiple factors may be considered by the independent pricing service in determining the value of such securities and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures.
All other assets for which market quotations are not readily available or became unreliable (or if the above fair valuation methods are unavailable or determined to be unreliable) are valued at fair value as determined in good faith by or under the supervision of the Board following procedures approved by the Board. The Board has delegated to the Investment Adviser responsibility for overseeing the implementation of the Portfolios' valuation procedures; a "Pricing Committee" comprised of employees of the Investment Adviser or its affiliates has responsibility for applying the fair valuation methods set forth in the procedures and, if a fair valuation cannot be determined pursuant to the fair valuation methods, determining the fair value of assets held by the Portfolios. Issuer specific events, transaction price,
63
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
position size, nature and duration of restrictions on disposition of the security, market trends, bid/ask quotes of brokers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer's assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of fair valuation, the values used to determine each Portfolio's NAV may materially differ from the value received upon actual sale of those investments. Thus, fair valuation may have an unintended dilutive or accretive effect on the value of shareholders' investments in each Portfolio.
Each investment asset or liability of the Portfolios is assigned a level at measurement date based on the significance and source of the inputs to its valuation. Quoted prices in active markets for identical securities are classified as "Level 1," inputs other than quoted prices for an asset or liability that are observable are classified as "Level 2" and significant unobservable inputs, including the sub-advisers' or Pricing Committee's judgment about the assumptions that a market participant would use in pricing an asset or liability are classified as "Level 3." The inputs used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Short-term securities of sufficient credit quality are generally considered to be Level 2 securities under applicable accounting rules. A table summarizing the Portfolios' investments under these levels of classification is included following the Summary Portfolio of Investments.
GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to total realized and unrealized gains or losses, purchases and sales, and transfers in or out of the Level 3 category during the period. The beginning of period timing recognition is used for the transfers between levels of the Portfolio's assets and liabilities. A reconciliation of Level 3 investments is presented only when a Portfolio has a significant amount of Level 3 investments.
B. Securities Transactions and Revenue Recognition. Securities transactions are accounted for on the trade date. Realized gains and losses are reported on the basis of identified cost of securities sold. Interest income is recorded on an accrual basis. Dividend income is recorded on the ex-dividend date, or for certain foreign securities, when the information becomes available to the
Portfolios. Premium amortization and discount accretion are determined by the effective yield method.
C. Foreign Currency Translation. The books and records of the Portfolios are maintained in U.S. dollars. Any foreign currency amounts are translated into U.S. dollars on the following basis:
(1) Market value of investment securities, other assets and liabilities — at the exchange rates prevailing at Market Close.
(2) Purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions.
Although the net assets and the market values are presented at the foreign exchange rates at Market Close, the Portfolios do not isolate the portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gains or losses from investments. For securities, which are subject to foreign withholding tax upon disposition, liabilities are recorded on the Statements of Assets and Liabilities for the estimated tax withholding based on the securities' current market value. Upon disposition, realized gains or losses on such securities are recorded net of foreign withholding tax.
Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, the difference between the amounts of dividends, interest, and foreign withholding tax reclaims recorded on the Portfolios' books, and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments in securities, resulting from changes in the exchange rate. Foreign security and currency transactions may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, revaluation of currencies and future adverse political and economic developments, which could cause securities and their markets to be less liquid and prices more volatile than those of comparable U.S. companies and U.S. government securities. The foregoing risks are even greater with respect to securities of issuers in emerging markets.
D. Distributions to Shareholders. The Portfolios record distributions to their shareholders on the ex-dividend date. Dividends from net investment income, if
64
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
any, are declared daily and paid monthly and net capital gains distributions, if any, are declared and paid annually by Global Bond and Pioneer High Yield. Dividends from net investment income, if any, are declared and paid semi-annually and net capital gains distributions, if any, are declared and paid annually by Invesco Comstock, Invesco Equity and Income, JPMorgan Mid Cap Value, T. Rowe Price Diversified Mid Cap Growth and T. Rowe Price Growth Equity. For all other Portfolios, dividends from net investment income and net capital gain distributions, if any, are declared and paid annually The Portfolios may make distributions on a more frequent basis to comply with the distribution requirements of subchapter M of the Internal Revenue Code. The characteristics of income and gains to be distributed are determined in accordance with income tax regulations, which may differ from GAAP for investment companies.
E. Federal Income Taxes. It is the policy of each Portfolio to comply with the requirements of subchapter M of the Internal Revenue Code that are applicable to regulated investment companies and to distribute substantially all of its net investment income and any net realized capital gains to its shareholders. Therefore, a federal income tax or excise tax provision is not required. Management has considered the sustainability of the Portfolios' tax positions taken on federal income tax returns for all open tax years in making this determination. No capital gain distributions shall be made until the capital loss carryforwards have been fully utilized or expire.
The Portfolios may utilize equalization accounting for tax purposes, whereby a portion of redemption payments are treated as distributions of income or gain.
F. Use of Estimates. Management of the Portfolios has made certain estimates and assumptions relating to the reporting of assets, liabilities, income, and expenses to prepare these financial statements in conformity with GAAP for investment companies. Actual results could differ from these estimates.
G. Risk Exposures and the Use of Derivative Instruments. The Portfolios' investment strategies permit the Portfolios to enter into various types of derivatives contracts, including, but not limited to, futures contracts, forward foreign currency exchange contracts, credit default swaps, interest rate swaps, total return swaps, and purchased and written options. In doing so, a Portfolio will employ strategies in differing combinations to permit it to increase or decrease the level of risk, or change the level or types of exposure to risk factors. This may allow a Portfolio to pursue its objectives more
quickly, and efficiently than if it were to make direct purchases or sales of securities capable of affecting a similar response to market or credit factors.
In pursuit of its investment objectives, a Portfolio may seek to increase or decrease its exposure to the following market or credit risk factors:
Credit Risk. The price of a bond or other debt instrument is likely to fall if the issuer's actual or perceived financial health deteriorates, whether because of broad economic or issuer-specific reasons. In certain cases, the issuer could be late in paying interest or principal, or could fail to pay its financial obligations altogether.
Equity Risk. Stock prices may be volatile or have reduced liquidity in response to real or perceived impacts of factors including, but not limited to, economic conditions, changes in market interest rates, and political events. Stock markets tend to be cyclical, with periods when stock prices generally rise and periods when stock prices generally decline. Any given stock market segment may remain out of favor with investors for a short or long period of time, and stocks as an asset class may underperform bonds or other asset classes during some periods. Additionally, legislative, regulatory or tax policies or developments in these areas may adversely impact the investment techniques available to a manager, add to costs and impair the ability of a Portfolio to achieve its investment objectives.
Foreign Exchange Rate Risk. To the extent that a Portfolio invests directly in foreign (non-U.S.) currencies or in securities denominated in, or that trade in, foreign (non-U.S.) currencies, it is subject to the risk that those foreign (non-U.S.) currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged by a Portfolio through foreign currency exchange transactions.
Currency rates may fluctuate significantly over short periods of time. Currency rates may be affected by changes in market interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities such as the International Monetary Fund, by the imposition of currency controls, or other political or economic developments in the United States or abroad.
Interest Rate Risk. With bonds and other fixed rate debt instruments, a rise in market interest rates generally causes values to fall; conversely, values generally rise as market interest rates fall. The higher the credit quality of the instrument, and the longer its maturity or duration, the more sensitive it is likely to be to interest rate risk. In the case of inverse securities, the interest rate paid by the
65
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
securities is a floating rate, which generally will decrease when the market rate of interest to which the inverse security is indexed increases and will increase when the market rate of interest to which the inverse security is indexed decreases. As of the date of this report, the United States experiences a low interest rate environment, which may increase a Portfolio's exposure to risks associated with rising market interest rates. Rising market interest rates could have unpredictable effects on the markets and may expose fixed-income and related markets to heightened volatility. For a fund that invests in fixed-income securities, an increase in market interest rates may lead to increased redemptions and increased portfolio turnover, which could reduce liquidity for certain investments, adversely affect values, and increase costs. If dealer capacity in fixed-income markets is insufficient for market conditions, it may further inhibit liquidity and increase volatility in the fixed-income markets. Further, recent and potential changes in government policy may affect interest rates.
Risks of Investing in Derivatives. A Portfolio's use of derivatives can result in losses due to unanticipated changes in the market or credit risk factors and the overall market. In instances where a Portfolio is using derivatives to decrease, or hedge, exposures to market or credit risk factors for securities held by a Portfolio, there are also risks that those derivatives may not perform as expected resulting in losses for the combined or hedged positions.
Derivative instruments are subject to a number of risks, including the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty, risk of loss due to changes in market interest rates and liquidity and volatility risk. The amounts required to purchase certain derivatives may be small relative to the magnitude of exposure assumed by a Portfolio. Therefore, the purchase of certain derivatives may have an economic leveraging effect on a Portfolio and exaggerate any increase or decrease in the NAV. Derivatives may not perform as expected, so a Portfolio may not realize the intended benefits. When used for hedging purposes, the change in value of a derivative may not correlate as expected with the currency, security or other risk being hedged. When used as an alternative or substitute for direct cash investments, the return provided by the derivative may not provide the same return as direct cash investment. In addition, given their complexity, derivatives expose a Portfolio to the risk of improper valuation.
Generally, derivatives are sophisticated financial instruments whose performance is derived, at least in
part, from the performance of an underlying asset or assets. Derivatives include, among other things, swap agreements, options, forwards and futures. Investments in derivatives are generally negotiated OTC with a single counterparty and as a result are subject to credit risks related to the counterparty's ability or willingness to perform its obligations; any deterioration in the counterparty's creditworthiness could adversely affect the value of the derivative. In addition, derivatives and their underlying securities may experience periods of illiquidity which could cause a Portfolio to hold a security it might otherwise sell, or to sell a security it otherwise might hold at inopportune times or at an unanticipated price. A manager might imperfectly judge the direction of the market. For instance, if a derivative is used as a hedge to offset investment risk in another security, the hedge might not correlate to the market's movements and may have unexpected or undesired results such as a loss or a reduction in gains.
Counterparty Credit Risk and Credit Related Contingent Features. Certain derivative positions are subject to counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to a Portfolio. Each Portfolio's derivative counterparties are financial institutions who are subject to market conditions that may weaken their financial position. A Portfolio intends to enter into financial transactions with counterparties it believes to be creditworthy at the time of the transaction. To reduce this risk, a Portfolio has entered into master netting arrangements, established within each Portfolio's International Swap and Derivatives Association, Inc. ("ISDA") Master Agreements ("Master Agreements"). These Master Agreements are with select counterparties and they govern transactions, including certain OTC derivative and forward foreign currency contracts, entered into by a Portfolio and the counterparty. The Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable Master Agreement.
A Portfolio may also enter into collateral agreements with certain counterparties to further mitigate counterparty credit risk on OTC derivative and forward foreign currency contracts. Subject to established minimum levels, collateral is generally determined based on the net aggregate unrealized gain or loss on contracts with a certain counterparty. Collateral pledged to or from a Portfolio is held in a segregated account by a third-party agent and can be in the form of cash or debt securities issued by the U.S. government or related agencies.
66
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
As of December 31, 2018, the maximum amount of loss that Global Bond, Invesco Comstock, and Invesco Equity and Income would incur if the counterparties to its derivative transactions failed to perform would be $2,346,920, $130,411, and $177,896, respectively, which represents the gross payments to be received by the Portfolios on open forward foreign currency contracts, purchased options and forward premium swaptions were they to be unwound as of December 31, 2018. To reduce the amount of potential loss to Global Bond, the Portfolio had received $100,000 in cash collateral for open OTC transactions at December 31, 2018. There was no cash collateral received by any other Portfolio at December 31, 2018.
Each Portfolio has credit related contingent features that if triggered would allow its derivative counterparties to close out and demand payment or additional collateral to cover their exposure from a Portfolio. Credit related contingent features are established between each Portfolio and their derivatives counterparties to reduce the risk that a Portfolio will not fulfill its payment obligations to its counterparties. These triggering features include, but are not limited to, a percentage decrease in a Portfolio's net assets and/or a percentage decrease in a Portfolio's NAV, which could cause a Portfolio to accelerate payment of any net liability owed to the counterparty. The contingent features are established within each Portfolio's Master Agreements.
As of December 31, 2018, Global Bond, Invesco Comstock and Invesco Equity and Income had a liability position of $3,241,711, $203,696 and $298,408, respectively, on open forward foreign currency contracts and OTC written options with credit related contingent features. If a contingent feature would have been triggered as of December 31, 2018, the Portfolios could have been required to pay this amount in cash to its counterparties. As of December 31, 2018, Global Bond had pledged $940,000 in cash collateral for open OTC derivatives transactions with its respective counterparties. There was no cash collateral pledged by any other Portfolio at December 31, 2018.
H. Forward Foreign Currency Contracts. Certain Portfolios may enter into forward foreign currency contracts primarily to hedge against foreign currency exchange rate risks on their non-U.S. dollar denominated investment securities. When entering into a forward currency contract, a Portfolio agrees to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date. These contracts are valued daily and a Portfolio's net equity therein,
representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date, is included in the Statement of Assets and Liabilities. Realized and unrealized gains and losses are included in the Statement of Operations. These instruments involve market and/or credit risk in excess of the amount recognized in the Statement of Assets and Liabilities. Risks arise from the possible inability of counterparties to meet the terms of their contracts and from movement in currency and securities values and interest rates. Open forward foreign currency contracts are presented following the Summary Portfolio of Investments.
During the year ended December 31, 2018, the following Portfolios had average contract amounts on forward foreign currency contracts purchased and sold as disclosed below:
Purchased | Sold | ||||||||||
Global Bond** | $ | 178,219,785 | $ | 100,730,790 | |||||||
American Century Small-Mid Cap Value* | 238,718 | 11,118,487 | |||||||||
Invesco Comstock* | 358,047 | 37,239,273 | |||||||||
Invesco Equity and Income* | 18,985,720 | 94,268,615 | |||||||||
Templeton Foreign Equity* | — | 141,497 |
* For the year ended December 31, 2018, the Portfolios used forward foreign currency contracts primarily to protect their non-U.S. dollar-denominated holdings from adverse currency movements. Please refer to the tables following each respective Portfolio of Investments for open forward foreign currency contracts at December 31, 2018. There were no open forward foreign currency contracts for Templeton Foreign Equity at December 31, 2018.
** For the year ended December 31, 2018, the Portfolio used forward foreign currency contracts primarily to protect their non-U.S. dollar-denominated holdings from adverse currency movements and to gain exposure to currencies for the purposes of risk management or enhanced return. Please refer to the tables following the Portfolio of Investments for open forward foreign currency contracts at December 31, 2018.
I. Futures Contracts. Certain Portfolios may enter into futures contracts involving foreign currency, interest rates, securities and security indices. A futures contract is a commitment to buy or sell a specific amount of a financial instrument at a negotiated price on a stipulated future date. A Portfolio may buy and sell futures contracts. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when each Portfolio's assets are valued.
Upon entering into a futures contract, a Portfolio is required to deposit either cash or securities (initial margin) in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are made or received by a Portfolio each day. The variation margin payments are equal to the daily changes
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NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
in the contract value and are recorded as unrealized gains and losses. Open futures contracts are reported on a table following each Portfolio's Summary Portfolio of Investments. Securities held in collateralized accounts to cover initial margin requirements on open futures contracts are footnoted in the Summary Portfolio of Investments. Cash collateral held by the broker to cover initial margin requirements on open futures contracts are noted in the Statements of Assets and Liabilities. The net change in unrealized appreciation and depreciation is reported in the Statements of Operations. Realized gains (losses) are reported in the Statements of Operations at the closing or expiration of futures contracts.
Futures contracts are exposed to the market risk factor of the underlying financial instrument. During the year ended December 31, 2018, Global Bond had purchased and sold futures contracts on various notes and bonds as part of their respective duration strategy. During the year ended December 31, 2018, Pioneer High Yield had sold futures contracts on equity indices to decrease exposure to equity risk. Additional associated risks of entering into futures contracts include the possibility that there may be an illiquid market where each Portfolio is unable to liquidate the contract or enter into an offsetting position and, if used for hedging purposes, the risk that the price of the contract will correlate imperfectly with the prices of each Portfolios' securities. With futures, there is minimal counterparty credit risk to the Portfolios since futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
During the year ended December 31, 2018, the following Portfolios had average notional values on futures contracts purchased and sold as disclosed below. Please refer to the tables following each respective Portfolio of Investments for open futures contracts at December 31, 2018.
Purchased | Sold | ||||||||||
Global Bond | $ | 58,485,950 | $ | 38,902,746 | |||||||
Pioneer High Yield | — | 1,916,686 |
J. Securities Lending. Each Portfolio may temporarily loan up to 331/3% of its total assets to brokers, dealers or other financial institutions in exchange for a negotiated lender's fee. Securities lending involves two primary risks: "investment risk" and "borrower default risk." When lending securities, the Portfolios will receive cash or U.S. government securities as collateral. Investment risk is the risk that the Portfolios will lose money from the investment of the cash collateral received from the borrower. Borrower default risk is the risk that the
Portfolios will lose money due to the failure of a borrower to return a borrowed security. Loans are subject to termination at the option of the borrower or the Portfolios. Securities lending may result in leverage. The use of leverage may exaggerate any increase or decrease in the NAV, causing the Portfolios to be more volatile. The use of leverage may increase expenses and increase the impact of the Portfolios' other risks.
K. Restricted Securities. The Portfolios may invest in restricted securities which include those sold under Rule 144A of the Securities Act of 1933, as amended ("1933 Act") or securities offered pursuant to Section 4(a)(2) of the 1933 Act, and/or are subject to legal or contractual restrictions on resale and may not be publicly sold without registration under the 1933 Act. Restricted securities are fair valued using market quotations when readily available. In the absence of market quotations, the securities are valued based upon their fair value determined in good faith under procedures approved by the Board.
Securities that are not registered for sale to the public under the 1933 Act are referred to as "restricted securities." These securities may be sold in private placement transactions between issuers and their purchasers and may be neither listed on an exchange nor traded in other established markets. Many times these securities are subject to legal or contractual restrictions on resale. As a result of the absence of a public trading market, the prices of these securities may be more volatile, less liquid and more difficult to value than publicly traded securities. The price realized from the sale of these securities could be less than the amount originally paid or less than their fair value if they are resold in privately negotiated transactions. In addition, these securities may not be subject to disclosure and other investment protection requirements that are afforded to publicly traded securities. Certain investments may include investment in smaller, less seasoned issuers, which may involve greater risk.
L. Delayed-Delivery and When-Issued Transactions. Certain Portfolios may purchase or sell securities on a when-issued or forward commitment basis. The price of the underlying securities and date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The fair value of such is identified in the Portfolios' Summary Portfolio of Investments. Losses may arise due to changes in the fair value of the securities or from the inability of counterparties to meet the terms of the contract. In connection with such purchases, the Portfolios are required to hold liquid assets as collateral with the Portfolios' custodian sufficient to cover the purchase price.
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NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
To mitigate counterparty risk, certain Portfolios have entered into Master Securities Forward Transaction Agreements ("MSFTA") with their respective counterparties that provide for collateral and the right to offset amounts due to or from those counterparties under specified conditions. Subject to minimum transfer amounts, collateral requirements are determined and transfers made based on the net aggregate unrealized gain or loss on all the when-issued or delayed-delivery transactions with a particular counterparty. Cash collateral, if any, is presented on the Statement of Assets and Liabilities as an asset (Cash pledged as collateral for delayed-delivery or when-issued securities) and a liability (Cash received as collateral for delayed-delivery or when-issued securities). At December 31, 2018, there was no cash collateral pledged to or received by any Portfolio.
M. Mortgage Dollar Roll Transactions. Certain Portfolios may engage in dollar roll transactions with respect to mortgage-backed securities issued by Government National Mortgage Association, Federal National Mortgage Association and Federal Home Loan Mortgage Corp. In a dollar roll transaction, a Portfolio sells a mortgage-backed security to a financial institution, such as a bank or broker/dealer, and simultaneously agrees to repurchase a substantially similar (i.e., same type, coupon, and maturity) security from the institution on a delayed delivery basis at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. The Portfolios account for dollar roll transactions as purchases and sales. For fee based dollar roll transactions, the fee is recorded as income.
N. Options Contracts. Certain Portfolios may purchase put and call options and may write (sell) put options and covered call options on futures, swaps ("swaptions"), securities, commodities or foreign currencies. The Portfolios may engage in option transactions as a hedge against adverse movements in the value of portfolio holdings or to increase market exposure. Option contracts are valued daily and unrealized gains or losses are recorded based upon the last sales price on the principal exchange on which the options are traded. An amount equal to the proceeds of the premium received by the Portfolios upon the writing of a put or call option is included in the Statements of Assets and Liabilities as an asset and equivalent liability which is subsequently marked-to-market until it is exercised or closed, or it expires. Forward premium swaptions include premiums
that have extended settlement dates. The delayed settlement of the premiums is factored into the daily valuation of the option contracts. Premiums received from writing options which expire are treated as realized gains. The Portfolios will realize a gain or loss upon the expiration or closing of the option contract. When an option is exercised, the proceeds on sales of the underlying security for a written call option, the purchase cost of the security for a written put option, or the cost of the security for a purchased put or call option is adjusted by the amount of premium received or paid. Realized and unrealized gains or losses on option contracts are reflected in the accompanying financial statements. The risk in writing a covered call option is that the Portfolios give up the opportunity for profit if the market price of the security increases and the option is exercised. The risk in writing a put option is that the Portfolios may incur a loss if the market price of the security decreases and the option is exercised. The risk in buying an option is that the Portfolios pay a premium whether or not the option is exercised. Risks may also arise from an illiquid secondary market or from the inability of counterparties to meet the terms of the contract.
During the year ended December 31, 2018, Global Bond had purchased and written foreign currency options to gain exposure to currencies and to generate income. There were no open purchased or written foreign currency options at December 31, 2018.
During the year ended December 31, 2018, Global Bond had purchased and written interest rate swaptions to gain exposure to interest rates and to generate income. Please refer to the tables following the Portfolio of Investments for open purchased and written interest rate swaptions at December 31, 2018.
During the year ended December 31, 2018, Global Bond had purchased interest rate caps, floors and steepeners and written interest rate caps, floors and flatteners to gain exposure to interest rates and to generate income. There were no open purchased or written interest rate caps, steepeners, floors or flatteners at December 31, 2018.
During the year ended December 31, 2018, Global Bond had purchased and written forward premium swaptions to manage duration and yield curve exposures and to generate income. Please refer to the tables following the Portfolio of Investments for open purchased forward premium swaptions at December 31, 2018. There were no open written forward premium swaptions at December 31, 2018.
Please refer to Note 8 for the volume of both purchased and written option activity during the year ended December 31, 2018.
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NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
O. Swap Agreements. Certain Portfolios may enter into swap agreements. A swap is an agreement between two parties pursuant to which each party agrees to make one or more payments to the other at specified future intervals based on the return of an asset (such as a stock, bond or currency) or non-asset reference (such as an interest rate or index). Swap agreements are privately negotiated in the OTC market and may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange ("centrally cleared swaps").
The swap agreement will specify the "notional" amount of the asset or non-asset reference to which the contract relates. Subsequent changes in fair value, if any, are calculated based upon changes in the performance of the asset or non-asset reference multiplied by the notional value of the contract. A Portfolio may enter into credit default, interest rate, total return and currency swaps to manage its exposure to credit, currency and interest rate risk. All outstanding swap agreements are reported following each Portfolio's Summary Portfolio of Investments.
Swaps are marked to market daily using quotations primarily from third party pricing services, registered commodities exchange(s), counterparties or brokers. The fair value of an OTC swap contract is recorded on each Portfolio's Statements of Assets and Liabilities. Daily changes in the value of centrally cleared swaps, if any, are recorded as variation margin receivable or payable on the Statement of Assets and Liabilities. During the term of the swap, changes in the value of the swap, if any, are recorded as unrealized gains or losses on the Statements of Operations. Upfront payments paid or received on OTC swaps by a Portfolio when entering into the agreements are reported on the Statements of Assets and Liabilities and as a component of the changes in unrealized gains or losses on the Statements of Operations. These upfront payments represent the amounts paid or received when initially entering into the swap agreement to compensate for differences between the stated terms of the swap agreement and the prevailing market conditions. The upfront payments are included as a component in the realized gains or losses on each Portfolio's Statement of Operations upon termination or maturity of the swap. A Portfolio also records net periodic payments paid or received on the swap contract as a realized gain or loss on the Statements of Operations.
In a centrally cleared swap, immediately following execution of the swap agreement, the swap agreement
is novated to a central counterparty (the "CCP") and the Portfolio's counterparty on the swap agreement becomes the CCP. The Portfolios are required to interface with the CCP through a broker. Upon entering into a centrally cleared swap, the Portfolios are required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap. Securities deposited as initial margin are footnoted as pledged on the Portfolio of Investments and cash deposited is recorded on the Statements of Assets and Liabilities as cash pledged for centrally cleared swaps. The daily change in valuation of centrally cleared swaps is recorded as a receivable or payable for variation margin in the Statements of Assets and Liabilities. Payments received from (paid to) the counterparty, including at termination, are recorded as realized gain (loss) on the Statements of Operations.
Entering into swap agreements involves the risk that the maximum potential loss of an investment exceeds the current value of the investment as reported on each Portfolio's Statements of Assets and Liabilities. Other risks involve the possibility that the counterparty to the agreements may default on its obligation to perform, that there will be no liquid market for these investments and that unfavorable changes in the market will have a negative impact on the value of the index or securities underlying the respective swap agreement.
Credit Default Swap Contracts. A credit default swap is a bilateral agreement between counterparties in which the buyer of the protection agrees to make a stream of periodic payments to the seller of protection in exchange for the right to receive a specified return in the event of a default or other credit event for a referenced entity, obligation or index. As a seller of protection on credit default swaps, a Portfolio will generally receive from the buyer a fixed payment stream based on the notional amount of the swap contract. This fixed payment stream will continue until the swap contract expires or a defined credit event occurs.
A Portfolio is subject to credit risk in the normal course of pursuing its investment objectives. As a seller of protection in a credit default swap, a Portfolio may execute these contracts to manage its exposure to the market or certain sectors of the market. Certain Portfolios may also enter into credit default swaps to speculate on changes in an issuer's credit quality, to take advantage of perceived spread advantages, or to offset an existing short equivalent (i.e. buying protection on an equivalent reference entity).
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NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
Certain Portfolios may sell credit default swaps which expose these Portfolios to the risk of loss from credit risk- related events specified in the contract. Although contract specific, credit events are generally defined as bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default or repudiation/moratorium. If a Portfolio is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index. If a Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.
Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on corporate issues or sovereign issues are disclosed in each Portfolio's Portfolio of Investments and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. For credit default swaps on asset-backed securities or credit indices, the quoted market prices and resulting fair values serve as the indicator of the current status of the payment/performance risk. Wider credit spreads and
increasing fair values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make under a credit default swap agreement would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreements, or net amounts received from the settlement of buy protection credit default swap agreements entered into by a Portfolio for the same referenced entity or entities.
For the year ended December 31, 2018, Global Bond had purchased credit protection on various credit default swap indices to hedge the credit risk associated with certain sectors of the markets. For the year ended December 31, 2018, Global Bond and Pioneer High Yield had sold credit protection on various credit default swap indices to gain additional exposure to the market or certain sectors of the markets.
During the year ended December 31, 2018, Global Bond and Pioneer High Yield had an average notional amount on credit default swaps to buy and sell protection as disclosed below. Please refer to the table following the Portfolio of Investments for open credit default swaps to sell protection for Global Bond and Pioneer High Yield at December 31, 2018.
Purchased | Sold | ||||||||||
Global Bond | $ | 7,237,686 | $ | 9,000,000 | |||||||
Pioneer High Yield | — | 3,062,808 |
At December 31, 2018, Pioneer High Yield had $226,531 in cash collateral paid for open centrally cleared credit default swaps.
Interest Rate Swap Contracts. An interest rate swap involves the agreement between counterparties to exchange periodic payments based on interest rates. One payment will be based on a floating rate of a specified interest rate while the other will be a fixed rate. Risks involve the future fluctuations of interest rates in which a Portfolio may make payments that are greater than what a Portfolio received from the counterparty. Other risks include credit, liquidity and market risk.
For the year ended December 31, 2018, Global Bond had entered into interest rate swaps in which it pays a floating interest rate and receives a fixed interest rate
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NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (continued)
("Long interest rate swap") in order to increase exposure to interest rate risk. Average notional amounts on long interest rate swaps was $353,114,740.
For the year ended December 31, 2018, Global Bond had entered into interest rate swaps in which it pays a fixed interest rate and receives a floating interest rate ("Short interest rate swap") in order to decrease exposure to interest rate risk. Average notional amounts on short interest rate swaps was $464,495,551.
Global Bond entered into interest rate swaps to adjust interest rate and yield curve exposures and to substitute for physical fixed-income securities. Please refer to the table following the Portfolio of Investments for Global Bond for open centrally cleared interest rate swaps at December 31, 2018.
At December 31, 2018, Global Bond had pledged $3,867,000 in cash collateral for open centrally cleared interest rate swaps.
P. Equity-Linked Notes. Invesco Equity and Income invests in equity-linked notes. Equity-linked notes are hybrid financial instruments that generally combine both debt and equity characteristics into a single note form. Income earned from equity-linked notes is recorded as Interest income in the Statements of Operations and may be based on the performance of an underlying equity security, an equity index, or an option position. The Portfolio records the net change in the fair value of the equity-linked note on the accompanying Statements of Operations as a change in unrealized appreciation or depreciation on investments. The Portfolio records a realized gain or loss on the Statements of Operations upon the sale or maturity of the equity-linked note. The risks of investing in equity-linked notes include unfavorable price movements in the underlying security and the credit risk of the issuing financial institution. There may be no guarantee of a return of principal with equity- linked notes and the appreciation potential may be limited. Equity-linked notes may be more volatile and less liquid than other investments held by the Portfolio. Please refer to the Portfolio of Investments for open equity-linked notes at December 31, 2018.
Q. Structured Notes. Global Bond and Invesco Equity and Income invest in structured notes whose principal payments or interest payments are linked to the performance of underlying foreign currencies, interest rate spreads, stock market indices, prices of individual securities, commodities or other financial instruments or the occurrence of other specific events. The terms and
conditions of these notes may be 'structured' by the purchaser (a Portfolio) and the borrower issuing the note. The market value of these notes will increase or decrease based on the performance of the underlying asset or reference. A Portfolio records the net change in the market value of the structured note on the accompanying Statements of Operations as a change in unrealized appreciation or depreciation on investments. A Portfolio records a realized gain or loss on the Statements of Operations upon the sale or maturity of the structured note. Please refer to the Portfolio of Investments for structured notes held by Global Bond and Invesco Equity and Income at December 31, 2018.
R. Indemnifications. In the normal course of business, the Company may enter into contracts that provide certain indemnifications. The Company's maximum exposure under these arrangements is dependent on future claims that may be made against the Portfolios and, therefore, cannot be estimated; however, based on experience, management considers the risk of loss from such claims remote.
NOTE 3 — INVESTMENT TRANSACTIONS
For the year ended December 31, 2018, the cost of purchases and the proceeds from the sales of securities, excluding U.S. government and short-term securities, were as follows:
Purchases | Sales | ||||||||||
Global Bond | $ | 62,617,815 | $ | 67,058,182 | |||||||
American Century Small-Mid Cap Value | 271,534,290 | 272,452,167 | |||||||||
Baron Growth | 27,701,080 | 106,123,019 | |||||||||
Columbia Contrarian Core | 189,442,184 | 234,322,869 | |||||||||
Columbia Small Cap Value II | 80,370,631 | 103,576,710 | |||||||||
Invesco Comstock | 166,978,051 | 144,902,218 | |||||||||
Invesco Equity and Income | 401,945,449 | 535,858,562 | |||||||||
JPMorgan Mid Cap Value | 61,025,427 | 162,230,593 | |||||||||
Oppenheimer Global | 274,242,653 | 459,943,897 | |||||||||
Pioneer High Yield | 50,220,819 | 50,623,047 | |||||||||
T. Rowe Price Diversified Mid Cap Growth | 192,460,641 | 287,905,295 | |||||||||
T. Rowe Price Growth Equity | 870,602,801 | 918,066,139 | |||||||||
Templeton Foreign Equity | 86,130,680 | 151,567,285 |
U.S. government securities not included above were as follows:
Purchases | Sales | ||||||||||
Global Bond | $ | 174,593,695 | $ | 171,466,421 | |||||||
Invesco Equity and Income | 1,976,404,110 | 1,991,149,580 |
NOTE 4 — INVESTMENT MANAGEMENT FEES
The Portfolios have entered into an investment management agreement ("Management Agreement") with the Investment Adviser. The Investment Adviser has overall responsibility for the management of the
72
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 4 — INVESTMENT MANAGEMENT FEES (continued)
Portfolios. The Investment Adviser oversees all investment management and portfolio management services for the Portfolios and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Portfolios, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. This Management Agreement compensates the Investment Adviser with a management fee, computed daily and payable monthly, based on the average daily net assets of each Portfolio, at the following annual rates:
Portfolio | Fee | ||||||
Global Bond | 0.600% on the first $4 billion; | ||||||
0.575% on the next $1 billion; | |||||||
0.550% on the next $1 billion; | |||||||
0.530% on assets over $6 billion | |||||||
American Century Small-Mid Cap Value | 1.10% on the first $250 million; | ||||||
1.05% on the next $250 million; | |||||||
1.00% on assets over $500 million | |||||||
Baron Growth | 0.950% on the first $1 billion; | ||||||
0.925% on the next $1 billion; | |||||||
0.900% on assets over $2 billion | |||||||
Columbia Contrarian Core | 0.90% on the first $500 million; | ||||||
0.85% on the next $500 million; | |||||||
0.80% on assets over $1 billion | |||||||
Columbia Small Cap Value II | 0.85% | ||||||
Invesco Comstock | 0.70% | ||||||
Invesco Equity and Income(1) | 0.65% on the first $750 million; | ||||||
0.63% on the next $250 million; | |||||||
0.61% on assets over $1 billion | |||||||
JPMorgan Mid Cap Value | 0.85% on the first $500 million; | ||||||
0.75% on the next $500 million; | |||||||
0.70% on assets over $1 billion | |||||||
Oppenheimer Global | 0.70% on the first $3 billion; | ||||||
0.68% on the next $1 billion; | |||||||
0.67% on the next $4 billion; | |||||||
0.66% on assets over $8 billion | |||||||
Pioneer High Yield | 0.70% on the first $2 billion; | ||||||
0.60% on the next $1 billion; | |||||||
0.50% on the next $1 billion; | |||||||
0.40% on assets over $4 billion | |||||||
T. Rowe Price Diversified Mid Cap Growth | 0.74% | ||||||
T. Rowe Price Growth Equity | 0.70% | ||||||
Templeton Foreign Equity | 0.90% on the first $500 million; | ||||||
0.85% on assets over $500 million |
(1) The Investment Adviser has contractually agreed to waive 0.01% of the management fee for Invesco Equity and Income. Any fees waived or reimbursed are not eligible for recoupment. Termination or modification of this obligation requires approval by the Board.
The Investment Adviser has contractually agreed to waive a portion of the management fee for Global Bond, American Century Small-Mid Cap Value, Columbia Contrarian Core, Columbia Small Cap Value II, Invesco Comstock, T. Rowe Price Growth Equity and Templeton Foreign Equity in connection with sub-advisory fee reductions for these Portfolios. The waiver is calculated as follows: Waiver = 50% x (former sub-advisory fee rate
minus new sub-advisory fee rate) x average daily net assets as of the calculation date.
In addition, the Investment Adviser has agreed to further waive a portion of the advisory fee for T. Rowe Price Growth Equity. The waiver for T. Rowe Price Growth Equity is based on the total savings in excess of $500,000 as a result of the aggregated sub-advisory fee schedule of T. Rowe Price Growth Equity and VY® T. Rowe Price Equity Income Portfolio, which is not included in this report. The aggregated amount of savings is allocated to the two Portfolios pro rata based on each Portfolio's contribution to the amount saved.
For the year ended December 31, 2018, the Investment Adviser waived $5,521, $616,488, $74,245, $53,171, $93,488, $455,167 and $104,946 for Global Bond, American Century Small-Mid Cap Value, Columbia Contrarian Core, Columbia Small Cap Value II, Invesco Comstock, T. Rowe Price Growth Equity and Templeton Foreign Equity, respectively. Termination or modification of these obligations requires approval by the board.
The sub-advisory fee for JPMorgan Mid Cap Value was reduced on June 1, 2017. In conjunction with the sub-advisory fee reduction, the Investment Adviser has contractually agreed to waive a portion of the management fee by the same amount. For the year ended December 31, 2018, the Investment Adviser waived $3,464 in management fees for the Portfolio. Effective October 22, 2018, the management fee waiver that was put into place for each of the Voya funds sub-advised by J.P. Morgan Investment Management Inc. was terminated.
Templeton Foreign Equity may invest its assets in Templeton Institutional Funds-Foreign Smaller Companies Series ("Foreign Smaller Companies Series"). Templeton Foreign Equity's purchase of shares of Foreign Smaller Companies Series will result in Templeton Foreign Equity paying a proportionate share of the expenses of Foreign Smaller Companies Series. The Investment Adviser will waive its management fee in an amount equal to the advisory fee received by the adviser of the Foreign Smaller Companies Series resulting from the Templeton Foreign Equity's investment into the Foreign Smaller Companies Series. There were no such waivers for the year ended December 31, 2018.
The Investment Adviser has entered into a sub-advisory agreement with each respective sub-adviser. These sub-advisers provide investment advice for certain Portfolios and are paid by the Investment Adviser based on the average daily net assets of the respective Portfolios. Subject to such policies as the Board or the Investment Adviser may determine, the sub-advisers manage each
73
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 4 — INVESTMENT MANAGEMENT FEES (continued)
respective Portfolio's assets in accordance with the Portfolio's investment objectives, policies, and limitations. The sub-advisers of the Portfolios are as follows (*denotes an affiliated sub-adviser):
Portfolio | Sub-Adviser | ||||||
Global Bond | Voya Investment Management Co. LLC* | ||||||
American Century Small-Mid Cap Value | American Century Investment Management, Inc. | ||||||
Baron Growth | BAMCO, Inc. | ||||||
Columbia Contrarian Core & Columbia Small Cap Value II | Columbia Management Investment Advisers, LLC | ||||||
Invesco Comstock & Invesco Equity and Income | Invesco Advisers, Inc. | ||||||
JPMorgan Mid Cap Value | J.P. Morgan Investment Management Inc. | ||||||
Oppenheimer Global | OppenheimerFunds, Inc. | ||||||
Pioneer High Yield | Amundi Pioneer Asset Management, Inc. | ||||||
T. Rowe Price Diversified Mid Cap Growth & T. Rowe Price Growth Equity | T. Rowe Price Associates, Inc. | ||||||
Templeton Foreign Equity | Templeton Investment Counsel, LLC |
NOTE 5 — DISTRIBUTION AND SERVICE FEES
Class ADV and Class S2 shares of each respective Portfolio have a plan of distribution (the "Plan"), whereby the Distributor is reimbursed or compensated by the Portfolios for expenses incurred in the distribution of each Portfolio's shares. The Distributor may pay, on behalf of each Portfolio, out of its distribution fee, compensation to certain financial institutions for providing distribution assistance. Under the Plan, a Portfolio makes payments at an annual rate of 0.25% of the Portfolio's average daily net assets attributable to its Class ADV shares and a Portfolio makes payments at an annual rate of 0.15% of the Portfolio's average daily net assets attributable to its Class S2 shares. The Distributor has contractually agreed to waive 0.02% of the distribution fee for Class S2 shares of Invesco Equity and Income. Termination or modification of this obligation requires approval by the Board.
Class ADV, Class S and Class S2 shares are further subject to a shareholder servicing fee payable to shareholder organizations pursuant to the shareholder servicing plan adopted for Class ADV, Class S and Class S2 shares which shall not exceed an annual rate of 0.25% of the average daily net assets of each class, respectively.
NOTE 6 — OTHER TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES
At December 31, 2018, the following direct or indirect, wholly-owned subsidiaries of Voya Financial, Inc., affiliated investment companies or other related/affiliated party owned more than 5% of the following Portfolios:
Entity | Portfolio | Percentage | |||||||||
ReliaStar Life Insurance Company | Oppenheimer Global | 6.10 | % | ||||||||
Pioneer High Yield | 22.44 | ||||||||||
T. Rowe Price Diversified Mid Cap Growth | 12.16 | ||||||||||
Security Life of Denver Insurance Company | Global Bond | 7.38 | |||||||||
Pioneer High Yield | 21.98 | ||||||||||
Voya Institutional Trust Company | Global Bond | 22.50 | |||||||||
American Century Small-Mid Cap Value | 46.81 | ||||||||||
Baron Growth | 16.54 | ||||||||||
Columbia Contrarian Core | 8.36 | ||||||||||
Columbia Small Cap Value II | 16.82 | ||||||||||
Invesco Comstock | 6.31 | ||||||||||
JPMorgan Mid Cap Value | 26.72 | ||||||||||
Oppenheimer Global | 12.99 | ||||||||||
T. Rowe Price Diversified Mid Cap Growth | 12.95 | ||||||||||
T. Rowe Price Growth Equity | 21.13 | ||||||||||
Templeton Foreign Equity | 6.04 | ||||||||||
Voya Insurance and Annuity Company | Baron Growth | 39.28 | |||||||||
Columbia Contrarian Core | 79.83 | ||||||||||
Columbia Small Cap Value II | 42.14 | ||||||||||
Invesco Comstock | 31.27 | ||||||||||
Invesco Equity and Income | 57.81 | ||||||||||
JPMorgan Mid Cap Value | 22.66 | ||||||||||
Oppenheimer Global | 9.47 | ||||||||||
T. Rowe Price Growth Equity | 15.90 | ||||||||||
Templeton Foreign Equity | 61.34 | ||||||||||
Voya Retirement Insurance and Annuity Company | Global Bond | 63.87 | |||||||||
American Century Small-Mid Cap Value | 50.84 | ||||||||||
Baron Growth | 39.23 | ||||||||||
Columbia Contrarian Core | 8.87 | ||||||||||
Columbia Small Cap Value II | 31.54 | ||||||||||
Invesco Comstock | 16.80 | ||||||||||
Invesco Equity and Income | 35.39 | ||||||||||
JPMorgan Mid Cap Value | 43.94 | ||||||||||
Oppenheimer Global | 69.42 | ||||||||||
Pioneer High Yield | 53.29 | ||||||||||
T. Rowe Price Diversified Mid Cap Growth | 68.73 | ||||||||||
T. Rowe Price Growth Equity | 50.85 | ||||||||||
Templeton Foreign Equity | 25.81 | ||||||||||
Voya Solution 2025 Portfolio | Invesco Comstock | 5.08 | |||||||||
Voya Solution 2035 Portfolio | Invesco Comstock | 10.98 | |||||||||
Voya Solution 2045 Portfolio | Invesco Comstock | 9.26 | |||||||||
Voya Solution Moderately Aggressive Portfolio | Invesco Comstock | 9.21 |
Under the 1940 Act, the direct or indirect beneficial owner of more than 25% of the voting securities of a company (including a fund) is presumed to control such company. Companies under common control (e.g., companies with
74
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 6 — OTHER TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES (continued)
a common owner of greater than 25% of their respective voting securities) are affiliates under the 1940 Act.
The Investment Adviser may direct the Portfolios' sub-advisers to use their best efforts (subject to obtaining best execution of each transaction) to allocate a Portfolio's equity security transactions through certain designated broker-dealers. The designated broker-dealer, in turn, will reimburse a portion of the brokerage commissions to pay certain expenses of that Portfolio. Any amounts credited to the Portfolios are reflected as brokerage commission recapture on the accompanying Statements of Operations.
The Portfolios have adopted a deferred compensation plan (the "DC Plan"), which allows eligible independent directors, as described in the DC Plan, to defer the receipt of all or a portion of the directors' fees that they are entitled to receive from the Portfolios. For purposes of determining the amount owed to the director under the DC Plan, the amounts deferred are invested in shares of the funds selected by the director (the "Notional Funds"). The Portfolios purchase shares of the Notional Funds, which are all advised by Voya Investments, in amounts equal to the directors' deferred fees, resulting in a Portfolio asset equal to the deferred compensation liability. Such assets, if applicable, are included as a component of "Other assets" on the accompanying Statements of Assets and Liabilities. Deferral of directors' fees under the DC Plan will not affect net assets of the Portfolio, and will not materially affect the Portfolios' assets, liabilities or net investment income per share. Amounts will be deferred until distributed in accordance with the DC Plan.
The Portfolios may engage in purchase and sale transactions with funds that have a common investment adviser (or affiliated investment advisers) and/or have a common sub-adviser. These interfund transactions are made pursuant to Rule 17a-7 under the 1940 Act. For the year ended December 31, 2018, Pioneer High Yield engaged in such transactions totaling $2,979,401 in purchases.
NOTE 7 — EXPENSE LIMITATION AGREEMENTS
The Investment Adviser has entered into a written expense limitation agreement ("Expense Limitation Agreement") with the following Portfolios, whereby the Investment Adviser has agreed to limit expenses, excluding interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and
acquired fund fees and expenses to the levels listed below:
Portfolio | Class ADV | Class I | Class R6 | Class S | Class S2 | ||||||||||||||||||
Global Bond(1) | 1.17 | % | 0.67 | % | N/A | 0.92 | % | N/A | |||||||||||||||
American Century Small-Mid Cap Value | 1.52 | % | 1.02 | % | N/A | 1.27 | % | 1.42 | % | ||||||||||||||
Baron Growth | 1.55 | % | 1.05 | % | 1.05 | % | 1.30 | % | 1.45 | % | |||||||||||||
Columbia Contrarian Core(2) | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Columbia Small Cap Value II | 1.65 | % | 1.15 | % | 1.15 | % | 1.40 | % | 1.55 | % | |||||||||||||
Invesco Comstock(3) | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Invesco Equity and Income | 1.15 | % | 0.65 | % | N/A | 0.90 | % | 1.05 | % | ||||||||||||||
JPMorgan Mid Cap Value | 1.50 | % | 1.00 | % | N/A | 1.25 | % | 1.40 | % | ||||||||||||||
Oppenheimer Global | 1.30 | % | 0.80 | % | N/A | 1.05 | % | 1.20 | % | ||||||||||||||
Pioneer High Yield | N/A | 0.71 | % | N/A | 0.96 | % | N/A | ||||||||||||||||
T. Rowe Price Diversified Mid Cap Growth | 1.30 | % | 0.80 | % | 0.80 | % | 1.05 | % | 1.20 | % | |||||||||||||
T. Rowe Price Growth Equity | 1.25 | % | 0.75 | % | N/A | 1.00 | % | 1.15 | % | ||||||||||||||
Templeton Foreign Equity(4) | 1.48 | % | 0.98 | % | N/A | 1.23 | % | 1.38 | % |
(1) Prior to May 1, 2018, the expense limits were 1.10%, 0.60%, and 0.85% for Class ADV, Class I and Class S, respectively.
(2) Pursuant to a side letter agreement, through May 1, 2019, the Investment Adviser has agreed to waive all or a portion of the management fee and/or reimburse expenses so that the expense limits are 1.25%, 0.75% and 1.00% for Class ADV, Class I and Class S, respectively. Prior to May 1, 2018, the side letter agreement expenses limits were 1.24%, 0.74% and 0.99% for Class ADV, Class I and Class S, respectively. Termination or modification of this obligation requires approval by the Board. Any fees waived pursuant to the side letter agreement shall not be eligible for recoupment.
(3) Pursuant to a side letter agreement, through May 1, 2019, the Investment Adviser has agreed to waive all or a portion of the management fee and/or reimburse expenses so that the expense limits are 1.31%, 0.81% and 1.06% for Class ADV, Class I, and Class S, respectively. Termination or modification of this obligation requires approval by the Board. Any fees waived pursuant to the side letter agreement shall not be eligible for recoupment.
(4) Pursuant to a side letter agreement, through May 1, 2019, the Investment Adviser has agreed to waive all or a portion of the management fee and/or reimburse expenses so that the expense limits are 1.42%, 0.92%, 1.17% and 1.32% for Class ADV, Class I, Class S, and Class S2, respectively. Termination or modification of this obligation requires approval by the Board. Any fees waived pursuant to the side letter agreement shall not be eligible for recoupment.
Unless otherwise specified above, the Investment Adviser may, at a later date, recoup from a Portfolio for fees waived and/or other expenses reimbursed by the Investment Adviser during the previous 36 months, but only if, after such recoupment, a Portfolio's expense ratio does not exceed the percentage described above. Waived and reimbursed fees net of any recoupment by the Investment Adviser of such waived and reimbursed fees are reflected on the accompanying Statements of Operations. Amounts payable by the Investment Adviser are reflected on the accompanying Statements of Assets and Liabilities.
75
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 7 — EXPENSE LIMITATION AGREEMENTS (continued)
At December 31, 2018, the amounts of waived and/or reimbursed fees that are subject to possible recoupment by the Investment Adviser, and the related expiration dates are as follows:
December 31, | |||||||||||||||||||
Portfolio | 2019 | 2020 | 2021 | Total | |||||||||||||||
Global Bond | $ | 142,214 | $ | 148,091 | $ | 48,917 | $ | 339,222 | |||||||||||
American Century Small-Mid Cap Value | 397,677 | 448,785 | 471,897 | 1,318,359 | |||||||||||||||
Invesco Equity and Income | 331,544 | 320,129 | 338,591 | 990,264 | |||||||||||||||
Pioneer High Yield | 65,632 | 71,559 | 69,613 | 206,804 |
The Expense Limitation Agreement is contractual through May 1, 2019 and shall renew automatically for one-year terms. Termination or modification of this obligation requires approval by the Board.
NOTE 8 — PURCHASED AND WRITTEN OPTIONS
Transactions in purchased foreign currency options for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Cost | ||||||||||
Balance at 12/31/2017 | — | $ | — | ||||||||
Options Purchased | 45,000,000 | 187,200 | |||||||||
Options Terminated in Closing Sell Transactions | (45,000,000 | ) | (187,200 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in purchased interest rate swaptions for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Cost | ||||||||||
Balance at 12/31/2017 | 267,700,000 | $ | 2,633,137 | ||||||||
Options Purchased | 8,172,150,000 | 30,137,692 | |||||||||
Options Terminated in Closing Sell Transactions | (6,987,400,000 | ) | (30,728,582 | ) | |||||||
Options Expired | (1,357,650,000 | ) | (1,738,413 | ) | |||||||
Balance at 12/31/2018 | 94,800,000 | $ | 303,834 |
Transactions in purchased forward premium swaptions for Global Bond during the December ended December 31, 2018 were as follows:
USD Notional | Cost Payable | ||||||||||
Balance at 12/31/2017 | — | $ | — | ||||||||
Options Purchased | 275,020,000 | — | |||||||||
Options Terminated in Closing Sell Transactions | (214,000,000 | ) | — | ||||||||
Balance at 12/31/2018 | 61,020,000 | $ | — |
Transactions in purchased interest rate caps for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Cost | ||||||||||
Balance at 12/31/2017 | 236,800,000 | $ | 33,152 | ||||||||
Options Purchased | 473,700,000 | 142,110 | |||||||||
Options Terminated in Closing Sell Transactions | (710,500,000 | ) | (175,262 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in purchased interest rate floors for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Cost | ||||||||||
Balance at 12/31/2017 | — | $ | — | ||||||||
Options Purchased | 1,894,700,000 | 236,838 | |||||||||
Options Terminated in Closing Sell Transactions | (947,350,000 | ) | (118,419 | ) | |||||||
Options Expired | (947,350,000 | ) | (118,419 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in purchased option steepeners for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Cost | ||||||||||
Balance at 12/31/2017 | 23,680 | $ | 2,368 | ||||||||
Options Expired | (23,680 | ) | (2,368 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in written foreign currency options for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Cost | ||||||||||
Balance at 12/31/2017 | — | $ | — | ||||||||
Options Written | 45,000,000 | 177,525 | |||||||||
Options Terminated in Closing Sell Transactions | (45,000,000 | ) | (177,525 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in written interest rate swaptions for Global Bond during the year ended December 31, 2018 were as follows:
GBP Notional | USD Notional | Premiums Received | |||||||||||||
Balance at 12/31/2017 | — | 300,900,000 | $ | 2,468,039 | |||||||||||
Options Written | 189,600,000 | 8,156,050,000 | 35,474,793 | ||||||||||||
Options Terminated in Closing Purchase Transactions | (189,600,000 | ) | (8,096,700,000 | ) | (36,810,306 | ) | |||||||||
Options Expired | — | (265,450,000 | ) | (798,356 | ) | ||||||||||
Balance at 12/31/2018 | — | 94,800,000 | $ | 334,170 |
76
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 8 — PURCHASED AND WRITTEN OPTIONS (continued)
Transactions in written forward premium swaptions for Global Bond during the year ended December 31, 2018 were as follows:
USD Notional | Premiums Receivable | ||||||||||
Balance at 12/31/2017 | — | $ | — | ||||||||
Options Purchased | 78,200,000 | — | |||||||||
Options Terminated in Closing Sell Transactions | (78,200,000 | ) | — | ||||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in written interest rate caps for Global Bond for the year ended December 31, 2018 were as follows:
USDPremiums Notional | Received | ||||||||||
Balance at 12/31/2017 | — | $ | — | ||||||||
Options Written | 947,400,000 | 229,745 | |||||||||
Options Terminated in Closing Purchase Transactions | (947,400,000 | ) | (229,745 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in written interest rate floors for Global Bond for the year ended December 31, 2018 were as follows:
EUR Notional | Premiums Received | ||||||||||
Balance at 12/31/2017 | 236,800,000 | $ | 35,520 | ||||||||
Options Written | 1,421,100,000 | 1,136,880 | |||||||||
Options Terminated in Closing Purchase Transactions | (1,657,900,000 | ) | (1,172,400 | ) | |||||||
Balance at 12/31/2018 | — | $ | — |
Transactions in written interest rate flatteners for Global Bond for the year ended December 31, 2018 were as follows:
USD Notional | Premiums Received | ||||||||||
Balance at 12/31/2017 | 23,680 | $ | — | ||||||||
Options Expired | (23,680 | ) | — | ||||||||
Balance at 12/31/2018 | — | $ | — |
NOTE 9 — LINE OF CREDIT
Effective May 18, 2018, each Portfolio, in addition to certain other funds managed by the Investment Adviser, has entered into a 364-day unsecured committed revolving line of credit agreement (the "Credit Agreement") with The Bank of New York Mellon ("BNY") for an aggregate amount of $400,000,000 through May 17, 2019. The proceeds may be used only to finance temporarily: (1) the purchase or sale of investment securities; or (2) the repurchase or redemption of shares of a Portfolio or certain other funds managed by the Investment Adviser. The funds to which the line of credit is available pay a commitment fee equal to 0.15% per annum on the daily unused portion of the committed line amount payable quarterly in arrears. Prior to May 18, 2018, the predecessor line of credit was for an aggregate amount of $400,000,000 and paid a commitment fee equal to 0.15% per annum on the daily unused portion of the committed line amount through May 18, 2018.
Borrowings under the Credit Agreement accrue interest at the federal funds rate plus a specified margin. Repayments generally must be made within 60 days after the date of a revolving credit advance.
The below Portfolios utilized the line of credit during the year ended December 31, 2018 as follows:
Portfolio | Days Utilized | Approximate Average Daily Balance For Days Utilized | Approximate Weighted Average Interest Rate For Days Utilized | ||||||||||||
Global Bond | 16 | $ | 7,268,406 | 2.69 | % | ||||||||||
Baron Growth | 49 | 2,860,041 | 2.44 | ||||||||||||
Oppenheimer Global | 5 | 1,116,600 | 2.91 | ||||||||||||
Pioneer High Yield(1) | 5 | 824,200 | 3.22 | ||||||||||||
T. Rowe Price Diversified Mid Cap Growth | 28 | 1,102,250 | 2.79 | ||||||||||||
T. Rowe Price Growth Equity | 8 | 3,562,625 | 2.47 |
(1) At December 31, 2018, Pioneer High Yield had an outstanding balance of $813,000.
NOTE 10 — CAPITAL SHARES
Transactions in capital shares and dollars were as follows:
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | ||||||||||||||||||||||||||||||||||
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||
Global Bond | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 107,461 | — | 72,678 | (311,313 | ) | (131,174 | ) | 1,157,396 | — | 769,925 | (3,327,931 | ) | (1,400,610 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 128,282 | — | 47,648 | (277,672 | ) | (101,742 | ) | 1,365,036 | — | 511,317 | (2,961,339 | ) | (1,084,986 | ) | |||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 911,412 | — | 537,701 | (2,033,504 | ) | (584,391 | ) | 10,018,950 | — | 5,803,370 | (22,121,742 | ) | (6,299,422 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 680,805 | — | 382,622 | (2,220,463 | ) | (1,157,036 | ) | 7,442,323 | — | 4,176,794 | (24,015,554 | ) | (12,396,437 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 357,448 | — | 126,794 | (825,761 | ) | (341,519 | ) | 3,946,498 | — | 1,366,597 | (8,967,470 | ) | (3,654,375 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 485,526 | — | 87,843 | (720,342 | ) | (146,973 | ) | 5,274,739 | — | 957,957 | (7,792,658 | ) | (1,559,962 | ) |
77
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 10 — CAPITAL SHARES (continued)
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | ||||||||||||||||||||||||||||||||||
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||
American Century Small-Mid Cap Value | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 613,792 | — | 1,071,992 | (1,311,960 | ) | 373,824 | 6,960,016 | — | 12,531,586 | (15,681,948 | ) | 3,809,654 | |||||||||||||||||||||||||||||||
12/31/2017 | 1,273,611 | — | 459,511 | (1,104,163 | ) | 628,959 | 15,480,756 | — | 5,440,612 | (13,511,146 | ) | 7,410,222 | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 3,435,749 | — | 1,517,587 | (2,373,300 | ) | 2,580,036 | 45,855,002 | — | 18,924,313 | (30,367,166 | ) | 34,412,149 | |||||||||||||||||||||||||||||||
12/31/2017 | 2,316,647 | — | 616,094 | (4,007,876 | ) | (1,075,135 | ) | 29,878,367 | — | 7,725,817 | (51,684,822 | ) | (14,080,638 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 396,054 | — | 902,227 | (1,448,064 | ) | (149,783 | ) | 5,116,135 | — | 11,088,373 | (18,075,907 | ) | (1,871,399 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 1,140,010 | — | 408,038 | (1,402,449 | ) | 145,599 | 14,536,039 | — | 5,051,508 | (17,912,614 | ) | 1,674,933 | |||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 123,487 | — | 38,390 | (227,466 | ) | (65,589 | ) | 1,469,422 | — | 448,005 | (2,658,259 | ) | (740,832 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 88,532 | — | 17,963 | (147,039 | ) | (40,544 | ) | 1,084,585 | — | 212,143 | (1,806,712 | ) | (509,984 | ) | |||||||||||||||||||||||||||||
Baron Growth | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 300,567 | — | 328,131 | (468,556 | ) | 160,142 | 8,872,455 | — | 9,617,517 | (13,262,712 | ) | 5,227,260 | |||||||||||||||||||||||||||||||
12/31/2017 | 141,794 | — | 399,679 | (496,797 | ) | 44,676 | 3,876,341 | — | 10,303,718 | (13,551,988 | ) | 628,071 | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 1,026,844 | — | 393,231 | (1,843,012 | ) | (422,937 | ) | 34,412,110 | — | 12,799,676 | (59,860,928 | ) | (12,649,142 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 408,359 | — | 642,944 | (1,894,705 | ) | (843,402 | ) | 12,294,387 | — | 18,143,871 | (56,356,725 | ) | (25,918,467 | ) | |||||||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 207,770 | — | 39,826 | (74,487 | ) | 173,109 | 6,540,912 | — | 1,297,132 | (2,403,899 | ) | 5,434,145 | |||||||||||||||||||||||||||||||
12/31/2017 | 361,465 | — | 8,442 | (28,559 | ) | 341,348 | 11,011,062 | — | 238,305 | (846,236 | ) | 10,403,131 | |||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 1,119,922 | — | 1,673,908 | (2,967,774 | ) | (173,944 | ) | 36,139,530 | — | 51,924,632 | (89,260,707 | ) | (1,196,545 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 1,113,946 | — | 2,267,091 | (4,336,445 | ) | (955,408 | ) | 32,227,401 | — | 61,370,163 | (123,509,735 | ) | (29,912,171 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 23,784 | — | 7,926 | (31,698 | ) | 12 | 738,495 | — | 234,454 | (915,458 | ) | 57,491 | |||||||||||||||||||||||||||||||
12/31/2017 | 13,674 | — | 9,024 | (62,094 | ) | (39,396 | ) | 371,211 | — | 234,357 | (1,776,996 | ) | (1,171,428 | ) | |||||||||||||||||||||||||||||
Columbia Contrarian Core | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 49,081 | — | 134,249 | (331,366 | ) | (148,036 | ) | 1,069,831 | — | 2,909,173 | (7,381,566 | ) | (3,402,562 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 99,184 | — | 86,050 | (154,736 | ) | 30,498 | 2,213,239 | — | 1,883,632 | (3,445,221 | ) | 651,650 | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 29,872 | — | 46,913 | (88,763 | ) | (11,978 | ) | 715,909 | — | 1,071,961 | (2,093,065 | ) | (305,195 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 29,491 | — | 29,602 | (139,937 | ) | (80,844 | ) | 689,950 | — | 679,364 | (3,217,272 | ) | (1,847,958 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 184,454 | — | 1,294,345 | (1,955,721 | ) | (476,922 | ) | 3,984,200 | — | 28,941,556 | (45,417,709 | ) | (12,491,953 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 122,711 | — | 857,148 | (2,813,079 | ) | (1,833,220 | ) | 2,803,471 | — | 19,294,405 | (64,190,432 | ) | (42,092,556 | ) | |||||||||||||||||||||||||||||
Columbia Small Cap Value II | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 227,250 | — | 201,218 | (396,799 | ) | 31,669 | 4,035,866 | — | 3,708,442 | (7,407,431 | ) | 336,877 | |||||||||||||||||||||||||||||||
12/31/2017 | 380,508 | — | 86,086 | (537,902 | ) | (71,308 | ) | 7,090,123 | — | 1,540,950 | (10,025,990 | ) | (1,394,917 | ) | |||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 566,411 | — | 244,876 | (715,737 | ) | 95,550 | 11,432,694 | — | 4,664,883 | (14,142,351 | ) | 1,955,226 | |||||||||||||||||||||||||||||||
12/31/2017 | 598,665 | — | 111,151 | (1,141,377 | ) | (431,561 | ) | 11,537,760 | — | 2,049,620 | (21,880,016 | ) | (8,292,636 | ) | |||||||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 167,370 | — | 35,110 | (61,775 | ) | 140,705 | 3,303,461 | — | 669,195 | (1,190,120 | ) | 2,782,536 | |||||||||||||||||||||||||||||||
12/31/2017 | 213,365 | — | 6,336 | (23,579 | ) | 196,122 | 4,128,456 | — | 116,893 | (458,426 | ) | 3,786,923 | |||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 300,878 | — | 632,496 | (1,144,288 | ) | (210,914 | ) | 5,236,661 | — | 12,004,777 | (22,016,618 | ) | (4,775,180 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 262,690 | — | 304,578 | (2,039,675 | ) | (1,472,407 | ) | 5,083,662 | — | 5,595,104 | (39,135,759 | ) | (28,456,993 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 32,079 | — | 20,026 | (59,021 | ) | (6,916 | ) | 626,038 | — | 368,284 | (1,094,565 | ) | (100,243 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 35,765 | — | 12,693 | (189,825 | ) | (141,367 | ) | 665,308 | — | 226,580 | (3,564,611 | ) | (2,672,723 | ) | |||||||||||||||||||||||||||||
Invesco Comstock | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 51,425 | — | 19,900 | (256,551 | ) | (185,226 | ) | 1,004,115 | — | 343,478 | (5,197,952 | ) | (3,850,359 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 98,884 | — | 17,308 | (310,862 | ) | (194,670 | ) | 1,801,457 | — | 334,147 | (5,699,252 | ) | (3,563,648 | ) |
78
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 10 — CAPITAL SHARES (continued)
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | ||||||||||||||||||||||||||||||||||
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||
Invesco Comstock (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 5,430,306 | — | 218,682 | (2,397,948 | ) | 3,251,040 | 108,367,907 | — | 3,805,062 | (49,370,454 | ) | 62,802,515 | |||||||||||||||||||||||||||||||
12/31/2017 | 1,082,768 | — | 130,626 | (3,093,588 | ) | (1,880,194 | ) | 19,788,295 | — | 2,586,848 | (56,589,093 | ) | (34,213,950 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 967,823 | — | 188,601 | (2,367,511 | ) | (1,211,087 | ) | 19,843,128 | — | 3,279,768 | (48,285,650 | ) | (25,162,754 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 1,061,639 | — | 161,017 | (4,385,990 | ) | (3,163,334 | ) | 19,098,021 | — | 3,158,173 | (80,487,395 | ) | (58,231,201 | ) | |||||||||||||||||||||||||||||
Invesco Equity and Income | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 81,155 | — | 91,253 | (229,247 | ) | (56,839 | ) | 3,648,189 | — | 3,961,563 | (9,984,995 | ) | (2,375,243 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 179,881 | — | 44,151 | (184,517 | ) | 39,515 | 8,148,670 | — | 2,018,955 | (8,391,843 | ) | 1,775,782 | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 104,499 | — | 1,004,991 | (1,787,520 | ) | (678,030 | ) | 4,853,395 | — | 44,057,761 | (82,254,303 | ) | (33,343,147 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 176,109 | — | 582,501 | (1,489,600 | ) | (730,990 | ) | 8,118,081 | — | 27,122,967 | (69,117,060 | ) | (33,876,012 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 118,305 | — | 979,094 | (2,134,911 | ) | (1,037,512 | ) | 5,275,466 | — | 42,757,248 | (97,706,897 | ) | (49,674,183 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 134,816 | — | 556,519 | (3,190,895 | ) | (2,499,560 | ) | 6,169,361 | — | 25,697,839 | (146,664,061 | ) | (114,796,861 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 78,918 | — | 678,477 | (1,483,010 | ) | (725,615 | ) | 3,396,456 | — | 29,253,116 | (67,028,738 | ) | (34,379,166 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 295,115 | — | 366,805 | (1,829,528 | ) | (1,167,608 | ) | 13,316,841 | — | 16,696,466 | (82,966,508 | ) | (52,953,201 | ) | |||||||||||||||||||||||||||||
JPMorgan Mid Cap Value | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 284,401 | — | 475,470 | (705,865 | ) | 54,006 | 5,101,884 | — | 8,727,492 | (13,480,108 | ) | 349,268 | |||||||||||||||||||||||||||||||
12/31/2017 | 294,850 | — | 511,206 | (836,242 | ) | (30,186 | ) | 5,804,921 | — | 9,643,536 | (16,464,711 | ) | (1,016,254 | ) | |||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 624,104 | — | 904,875 | (2,968,852 | ) | (1,439,873 | ) | 12,311,094 | — | 16,991,070 | (59,119,229 | ) | (29,817,065 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 1,197,570 | — | 1,119,189 | (2,850,311 | ) | (533,552 | ) | 24,507,161 | — | 21,764,273 | (57,612,445 | ) | (11,341,011 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 171,038 | — | 1,155,320 | (2,416,380 | ) | (1,090,022 | ) | 3,188,532 | — | 21,524,896 | (46,776,268 | ) | (22,062,840 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 300,409 | — | 1,385,434 | (3,804,102 | ) | (2,118,259 | ) | 6,065,319 | — | 26,605,742 | (75,880,829 | ) | (43,209,768 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 14,255 | — | 13,541 | (64,364 | ) | (36,568 | ) | 274,204 | — | 247,852 | (1,240,162 | ) | (718,106 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 38,685 | — | 19,880 | (85,022 | ) | (26,457 | ) | 763,114 | — | 374,052 | (1,649,921 | ) | (512,755 | ) | |||||||||||||||||||||||||||||
Oppenheimer Global | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 633,609 | — | 474,485 | (760,606 | ) | 347,488 | 13,358,244 | — | 9,769,648 | (15,739,471 | ) | 7,388,421 | |||||||||||||||||||||||||||||||
12/31/2017 | 625,755 | — | 45,631 | (754,477 | ) | (83,091 | ) | 12,232,396 | — | 891,168 | (14,075,962 | ) | (952,398 | ) | |||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 1,123,768 | — | 4,936,736 | (8,624,635 | ) | (2,564,131 | ) | 25,291,868 | — | 106,189,185 | (187,567,248 | ) | (56,086,195 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 1,917,311 | — | 771,338 | (6,602,141 | ) | (3,913,492 | ) | 36,700,944 | — | 15,673,599 | (129,425,679 | ) | (77,051,136 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 626,522 | — | 835,391 | (2,776,365 | ) | (1,314,452 | ) | 13,220,396 | — | 17,292,594 | (58,501,665 | ) | (27,988,675 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 2,199,107 | — | 112,713 | (2,153,352 | ) | 158,468 | 41,756,204 | — | 2,210,306 | (40,391,200 | ) | 3,575,310 | |||||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 56,448 | — | 18,913 | (29,829 | ) | 45,532 | 1,167,011 | — | 380,527 | (597,991 | ) | 949,547 | |||||||||||||||||||||||||||||||
12/31/2017 | 37,268 | — | 2,289 | (66,589 | ) | (27,032 | ) | 705,061 | — | 43,743 | (1,343,678 | ) | (594,874 | ) | |||||||||||||||||||||||||||||
Pioneer High Yield | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 913,892 | — | 436,451 | (1,408,679 | ) | (58,336 | ) | 10,727,168 | — | 5,069,426 | (16,360,168 | ) | (563,574 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 841,543 | — | 415,844 | (1,560,684 | ) | (303,297 | ) | 10,032,678 | — | 4,964,852 | (18,587,981 | ) | (3,590,451 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 61,189 | — | 11,972 | (186,288 | ) | (113,127 | ) | 718,489 | — | 139,264 | (2,170,449 | ) | (1,312,696 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 54,382 | — | 14,597 | (140,182 | ) | (71,203 | ) | 647,640 | — | 174,026 | (1,660,160 | ) | (838,494 | ) | |||||||||||||||||||||||||||||
T. Rowe Price Diversified Mid Cap Growth | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 798,669 | — | 688,512 | (660,539 | ) | 826,642 | 8,480,509 | — | 7,077,906 | (6,722,707 | ) | 8,835,708 | |||||||||||||||||||||||||||||||
12/31/2017 | 550,952 | — | 455,332 | (477,636 | ) | 528,648 | 5,533,384 | — | 4,366,636 | (4,738,144 | ) | 5,161,876 |
79
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 10 — CAPITAL SHARES (continued)
Shares sold | Shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) in shares outstanding | Shares sold | Proceeds from shares issued in merger | Reinvestment of distributions | Shares redeemed | Net increase (decrease) | ||||||||||||||||||||||||||||||||||
Year or period ended | # | # | # | # | # | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||||||||||||||||
T. Rowe Price Diversified Mid Cap Growth (continued) | |||||||||||||||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 1,199,176 | — | 7,399,482 | (9,389,775 | ) | (791,117 | ) | 14,034,229 | — | 84,724,065 | (109,632,993 | ) | (10,874,699 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 5,573,549 | — | 6,107,900 | (9,041,136 | ) | 2,640,313 | 58,936,316 | — | 64,377,262 | (98,883,389 | ) | 24,430,189 | |||||||||||||||||||||||||||||||
Class R6 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 859,308 | — | 114,839 | (237,675 | ) | 736,472 | 10,179,816 | — | 1,316,053 | (2,802,680 | ) | 8,693,189 | |||||||||||||||||||||||||||||||
12/31/2017 | 706,212 | — | 41,213 | (49,984 | ) | 697,441 | 7,790,739 | — | 434,388 | (542,501 | ) | 7,682,626 | |||||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 356,278 | — | 461,138 | (1,415,694 | ) | (598,278 | ) | 4,036,987 | — | 5,077,125 | (16,026,103 | ) | (6,911,991 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 595,095 | — | 389,886 | (1,859,261 | ) | (874,280 | ) | 6,343,254 | — | 3,965,144 | (19,072,570 | ) | (8,764,172 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 94,906 | — | 43,824 | (79,822 | ) | 58,908 | 1,023,328 | — | 452,699 | (875,851 | ) | 600,176 | |||||||||||||||||||||||||||||||
12/31/2017 | 44,450 | — | 40,454 | (178,357 | ) | (93,453 | ) | 453,368 | — | 389,167 | (1,771,560 | ) | (929,025 | ) | |||||||||||||||||||||||||||||
T. Rowe Price Growth Equity | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 261,182 | — | 559,992 | (330,772 | ) | 490,402 | 22,951,628 | — | 45,353,718 | (27,985,404 | ) | 40,319,942 | |||||||||||||||||||||||||||||||
12/31/2017 | 218,115 | — | 305,644 | (294,931 | ) | 228,828 | 18,360,766 | — | 24,552,336 | (23,990,510 | ) | 18,922,592 | |||||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 2,230,797 | — | 2,199,050 | (2,249,562 | ) | 2,180,285 | 213,234,651 | — | 195,495,575 | (213,135,984 | ) | 195,594,242 | |||||||||||||||||||||||||||||||
12/31/2017 | 662,676 | — | 1,265,199 | (2,884,588 | ) | (956,713 | ) | 59,360,712 | — | 109,629,478 | (254,338,020 | ) | (85,347,830 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 480,816 | — | 774,336 | (1,066,587 | ) | 188,565 | 46,196,756 | — | 65,810,841 | (94,161,918 | ) | 17,845,679 | |||||||||||||||||||||||||||||||
12/31/2017 | 513,742 | — | 458,035 | (1,234,032 | ) | (262,255 | ) | 44,631,473 | — | 38,236,738 | (102,055,398 | ) | (19,187,187 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 19,695 | — | 19,769 | (23,934 | ) | 15,530 | 1,762,920 | — | 1,626,233 | (2,117,285 | ) | 1,271,868 | |||||||||||||||||||||||||||||||
12/31/2017 | 14,303 | — | 13,302 | (41,684 | ) | (14,079 | ) | 1,201,044 | — | 1,081,420 | (3,563,399 | ) | (1,280,935 | ) | |||||||||||||||||||||||||||||
Templeton Foreign Equity | |||||||||||||||||||||||||||||||||||||||||||
Class ADV | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 204,397 | — | 45,777 | (379,502 | ) | (129,328 | ) | 2,498,165 | — | 573,585 | (4,728,970 | ) | (1,657,220 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 330,072 | — | 44,396 | (404,112 | ) | (29,644 | ) | 4,021,746 | — | 555,843 | (4,921,306 | ) | (343,717 | ) | |||||||||||||||||||||||||||||
Class I | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 338,766 | — | 274,300 | (2,243,203 | ) | (1,630,137 | ) | 4,293,304 | — | 3,467,151 | (28,466,112 | ) | (20,705,657 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 575,493 | — | 283,091 | (2,396,231 | ) | (1,537,647 | ) | 7,195,681 | — | 3,578,275 | (29,617,070 | ) | (18,843,114 | ) | |||||||||||||||||||||||||||||
Class S | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 996,742 | — | 534,532 | (4,108,088 | ) | (2,576,814 | ) | 11,842,738 | — | 6,719,064 | (51,763,740 | ) | (33,201,938 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 463,022 | — | 595,243 | (8,915,080 | ) | (7,856,815 | ) | 5,427,287 | — | 7,476,254 | (109,538,094 | ) | (96,634,553 | ) | |||||||||||||||||||||||||||||
Class S2 | |||||||||||||||||||||||||||||||||||||||||||
12/31/2018 | 10,549 | — | 225 | (51,196 | ) | (40,422 | ) | 134,321 | — | 2,851 | (667,749 | ) | (530,577 | ) | |||||||||||||||||||||||||||||
12/31/2017 | 20,466 | — | 1,997 | (159,552 | ) | (137,089 | ) | 249,260 | — | 24,956 | (1,933,986 | ) | (1,659,770 | ) |
NOTE 11 — SECURITIES LENDING
Under a Master Securities Lending Agreement (the "Agreement") with BNY, the Portfolios can lend their securities to approved brokers, dealers and other financial institutions. Loans are collateralized by cash and U.S. government securities. The collateral is equal to at least 105% of the market value of non-U.S. securities loaned and 102% of the market value of U.S. securities loaned. The market value of the loaned securities is determined at Market Close of the Portfolios at their last sale price or official closing price on the principal exchange or system on which they are traded and any additional collateral is delivered to the Portfolios on the next business day. The cash collateral received is invested in approved investments as defined in the
Agreement with BNY. The Portfolios bear the risk of loss with respect to the investment of collateral with the following exception: BNY provides the Portfolios indemnification from loss with respect to the investment of collateral provided that the cash collateral is invested solely in overnight repurchase agreements.
The cash collateral is invested in overnight repurchase agreements that are collateralized at 102% with securities issued or fully guaranteed by the U.S. Treasury; U.S. government or any agency, instrumentality or authority of the U.S. government. The securities purchased with cash collateral received are reflected in the Portfolio of Investments under Securities Lending Collateral.
80
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 11 — SECURITIES LENDING (continued)
Generally, in the event of counterparty default, the Portfolios have the right to use the collateral to offset losses incurred. The Agreement contains certain guarantees by BNY in the event of counterparty default and/or a borrower's failure to return a loaned security; however, there would be a potential loss to the Portfolios in the event the Portfolios are delayed or prevented from exercising their right to dispose of the collateral. Engaging in securities lending could have a leveraging effect, which may intensify the credit, market and other risks associated with investing in a Portfolio.
The following is a summary of each respective Portfolio's securities lending agreements by counterparty which are subject to offset under the Agreement as of December 31, 2018:
Global Bond
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
Barclays Capital Inc. | $ | 114,678 | $ | (114,678 | ) | $ | — | ||||||||
Citigroup Global Markets Inc. | 96,378 | (96,378 | ) | — | |||||||||||
Goldman, Sachs & Co. LLC | 2,149 | (2,149 | ) | — | |||||||||||
UBS Securities LLC. | 467,265 | (467,265 | ) | — | |||||||||||
Total | $ | 680,470 | $ | (680,470 | ) | $ | — |
(1) Collateral with a fair value of $715,985 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
American Century Small-Mid Cap Value
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
BMO Capital Markets Corp | $ | 542,513 | $ | (542,513 | ) | $ | — | ||||||||
Cantor Fitzgerald & Co | 109,496 | (109,496 | ) | — | |||||||||||
Citigroup Global Markets Inc. | 89,861 | (89,861 | ) | — | |||||||||||
Credit Suisse Securities (USA) LLC | 147,138 | (147,138 | ) | — | |||||||||||
HSBC Bank PLC | 10,536 | (10,536 | ) | — | |||||||||||
J.P. Morgan Securities LLC | 325,353 | (325,353 | ) | — | |||||||||||
Morgan Stanley & Co. LLC | 3,326,512 | (3,326,512 | ) | — | |||||||||||
National Bank Of Canada Financial Inc | 11,414 | (11,414 | ) | — | |||||||||||
Natixis Securities America LLC | 54,838 | (54,838 | ) | — | |||||||||||
RBC Capital Markets, LLC | 14,282 | (14,282 | ) | — | |||||||||||
Scotia Capital (USA) INC | 397,543 | (397,543 | ) | — | |||||||||||
BMO Capital Markets Corp | 89,336 | (89,336 | ) | — | |||||||||||
Citadel Securities LLC | 610,601 | (610,601 | ) | — | |||||||||||
Citadel Clearing LLC | 52,695 | (52,695 | ) | — | |||||||||||
Morgan Stanley & Co. LLC | 1,885,112 | (1,885,112 | ) | — | |||||||||||
Scotia Capital (USA) INC | 11,902 | (11,902 | ) | — | |||||||||||
Total | $ | 7,679,132 | $ | (7,679,132 | ) | $ | — |
(1) Collateral with a fair value of $ 7,887,149 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
Invesco Equity and Income
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
Barclays Capital Inc. | $ | 286,134 | $ | (286,134 | ) | $ | — | ||||||||
Citadel Clearing LLC | 19,142 | (19,142 | ) | — | |||||||||||
Credit Suisse Securities (USA) LLC | 89,531 | (89,531 | ) | — | |||||||||||
Jefferies LLC | 12,832,708 | (12,832,708 | ) | — | |||||||||||
Merrill Lynch, Pierce, Fenner & Smith Inc. | 1,557,180 | (1,557,180 | ) | — | |||||||||||
Nomura Securities International, Inc. | 1,873,842 | (1,873,842 | ) | — | |||||||||||
Wells Fargo Securities LLC | 1,652,739 | (1,652,739 | ) | — | |||||||||||
Total | $ | 18,311,276 | $ | (18,311,276 | ) | $ | — |
(1) Collateral with a fair value of $18,737,398 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
JPMorgan Mid Cap Value
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
National Bank Of Canada Financial Inc | $ | 733,284 | $ | (733,284 | ) | $ | — | ||||||||
Wells Fargo Bank Na | 3,855 | (3,855 | ) | — | |||||||||||
Total | $ | 737,139 | $ | (737,139 | ) | $ | — |
(1) Collateral with a fair value of $759,037 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
Oppenheimer Global
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
Barclays Bank PLC | $ | 797,280 | $ | (797,280 | ) | $ | — | ||||||||
Citadel Securities LLC | 858,322 | (858,322 | ) | — | |||||||||||
Citadel Clearing LLC | 3,623,516 | (3,623,516 | ) | — | |||||||||||
Citigroup Global Markets Limited | 553,035 | (553,035 | ) | — | |||||||||||
Citigroup Global Markets Inc. | 334,870 | (334,870 | ) | — | |||||||||||
Deutsche Bank Securities Inc. | 1,635,245 | (1,635,245 | ) | — | |||||||||||
Janney Montgomery Scott LLC | 73,595 | (73,595 | ) | — | |||||||||||
Jefferies LLC | 281,600 | (281,600 | ) | — | |||||||||||
Morgan Stanley & Co. LLC | 104,529 | (104,529 | ) | — | |||||||||||
Natixis Securities America LLC | 66,736 | (66,736 | ) | — | |||||||||||
RBC Capital Markets, LLC | 10,776 | (10,776 | ) | — | |||||||||||
Total | $ | 8,339,504 | $ | (8,339,504 | ) | $ | — |
(1) Collateral with a fair value of $8,653,352 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
T. Rowe Price Diversified Mid Cap Growth
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
BMO Capital Markets Corp | $ | 3,589,737 | $ | (3,589,737 | ) | $ | — | ||||||||
Citadel Clearing LLC | 903,985 | (903,985 | ) | — | |||||||||||
Citigroup Global Markets Inc. | 1,668,776 | (1,668,776 | ) | — | |||||||||||
Goldman, Sachs & Co. LLC | 601,389 | (601,389 | ) | — | |||||||||||
HSBC Bank PLC | 1,193,986 | (1,193,986 | ) | — |
81
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 11 — SECURITIES LENDING (continued)
T. Rowe Price Diversified Mid Cap Growth (continued)
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
J.P. Morgan Securities LLC | $ | 195,520 | $ | (195,520 | ) | $ | — | ||||||||
Jefferies LLC | 12,565 | (12,565 | ) | — | |||||||||||
Morgan Stanley & Co. LLC | 4,467,853 | (4,467,853 | ) | — | |||||||||||
National Bank Of Canada Financial Inc | 2,121,378 | (2,121,378 | ) | — | |||||||||||
Natixis Securities America LLC | 2,730 | (2,730 | ) | — | |||||||||||
Nomura Securities International, Inc. | 677,310 | (677,310 | ) | — | |||||||||||
SG Americas Securities, LLC | 37,053 | (37,053 | ) | — | |||||||||||
Scotia Capital (USA) INC | 203,808 | (203,808 | ) | — | |||||||||||
Wells Fargo Securities LLC | 314,369 | (314,369 | ) | — | |||||||||||
Total | $ | 15,990,459 | $ | (15,990,459 | ) | $ | — |
(1) Collateral with a fair value of $16,458,930 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
T. Rowe Price Growth Equity
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
Citigroup Global Markets Inc. | $ | 2,958,948 | $ | (2,958,948 | ) | $ | — | ||||||||
Deutsche Bank Securities Inc. | 249,650 | (249,650 | ) | — | |||||||||||
J.P. Morgan Securities LLC | 1,013,057 | (1,013,057 | ) | — | |||||||||||
National Bank Of Canada Financial Inc | 1,796,949 | (1,796,949 | ) | — | |||||||||||
Scotia Capital (USA) INC | 2,578,080 | (2,578,080 | ) | — | |||||||||||
Total | $ | 8,596,684 | $ | (8,596,684 | ) | $ | — |
(1) Collateral with a fair value of $8,802,952 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
Templeton Foreign Equity
Counterparty | Securities Loaned at Value | Cash Collateral Received(1) | Net Amount | ||||||||||||
HSBC Bank PLC | $ | 339,130 | $ | (339,130 | ) | $ | — | ||||||||
JP Morgan Securities, Plc. | 1,873,033 | (1,873,033 | ) | — | |||||||||||
Nomura Securities International, Inc. | 2,043,630 | (2,043,630 | ) | — | |||||||||||
RBC Capital Markets, LLC | 54,665 | (54,665 | ) | — | |||||||||||
SG Americas Securities, LLC | 4,205 | (4,205 | ) | — | |||||||||||
Total | $ | 4,314,663 | $ | (4,314,663 | ) | $ | — |
(1) Collateral with a fair value of $4,482,018 has been received in connection with the above securities lending transactions. Excess collateral received from the individual counterparty is not shown for financial reporting purposes.
NOTE 12 — UNFUNDED LOAN COMMITMENTS
Certain Portfolios may enter in credit agreements, all or a portion of which may be unfunded. The Portfolios are obligated to fund these loan commitments at the borrower's discretion. Funded portions of the credit agreements are presented in the Summary Portfolio of Investments. At December 31, 2018, there were no unfunded loan commitments.
NOTE 13 — FEDERAL INCOME TAXES
The amount of distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from GAAP for investment companies. These book/tax differences may be either temporary or permanent. Permanent differences are reclassified within the capital accounts based on their federal tax-basis treatment; temporary differences are not reclassified. Key differences include the treatment of short-term capital gains, foreign currency transactions, paydowns, income from passive foreign investment companies (PFICs), and wash sale deferrals. Distributions in excess of net investment income and/or net realized capital gains for tax purposes are reported as return of capital.
The following permanent tax differences have been reclassified as of December 31, 2018:
Paid-in Capital | Distributable Earnings | ||||||||||
American Century Small-Mid Cap Value | $ | (581 | ) | $ | 581 | ||||||
Baron Growth | (326,664 | ) | 326,664 | ||||||||
Invesco Comstock | 68,712 | (68,712 | ) |
Dividends paid by the Portfolios from net investment income and distributions of net realized short-term capital gains are, for federal income tax purposes, taxable as ordinary income to shareholders.
82
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 13 — FEDERAL INCOME TAXES (continued)
The tax composition of dividends and distributions to shareholders was as follows:
Year Ended December 31, 2018 | Year Ended December 31, 2017 | ||||||||||||||||||
Ordinary Income | Long-term Capital Gains | Ordinary Income | Long-term Capital Gains | ||||||||||||||||
Global Bond | $ | 7,939,892 | $ | — | $ | 5,646,068 | $ | — | |||||||||||
American Century Small-Mid Cap Value | 15,059,560 | 27,932,717 | 9,472,022 | 8,958,058 | |||||||||||||||
Baron Growth | 3,009,782 | 72,863,629 | 5,906,024 | 84,384,390 | |||||||||||||||
Columbia Contrarian Core | 4,280,361 | 28,642,329 | 3,182,935 | 18,674,466 | |||||||||||||||
Columbia Small Cap Value II | 3,298,285 | 18,117,296 | 715,817 | 8,813,330 | |||||||||||||||
Invesco Comstock | 7,428,308 | — | 6,079,168 | — | |||||||||||||||
Invesco Equity and Income | 26,090,360 | 93,939,328 | 29,711,609 | 41,824,618 | |||||||||||||||
JPMorgan Mid Cap Value | 7,147,783 | 40,343,527 | 8,035,488 | 50,352,115 | |||||||||||||||
Oppenheimer Global | 28,967,304 | 104,664,650 | 16,342,479 | 2,476,337 | |||||||||||||||
Pioneer High Yield | 5,208,690 | — | 5,138,878 | — | |||||||||||||||
T. Rowe Price Diversified Mid Cap Growth | 7,473,924 | 91,173,924 | 9,291,817 | 64,240,780 | |||||||||||||||
T. Rowe Price Growth Equity | 8,462,876 | 299,823,491 | 565,610 | 172,934,362 | |||||||||||||||
Templeton Foreign Equity | 10,762,651 | — | 11,635,328 | — |
The tax-basis components of distributable earnings and the capital loss carryforwards which may be used to offset future realized capital gains for federal income tax purposes as of December 31, 2018 were:
Undistributed | Undistributed Long-term | Unrealized Appreciation/ | Capital Loss Carryforwards | ||||||||||||||||||||||||
Ordinary Income | Capital Gains | (Depreciation) | Amount | Character | Expiration | ||||||||||||||||||||||
Global Bond | $ | 6,278,676 | $ | — | $ | (6,700,865 | ) | $ | (1,805,913 | ) | Short-term | None | |||||||||||||||
(4,913,007 | ) | Long-term | None | ||||||||||||||||||||||||
$ | (6,718,920 | ) | |||||||||||||||||||||||||
American Century Small-Mid Cap Value | 13,841,741 | 26,497,656 | (54,613,409 | ) | — | — | — | ||||||||||||||||||||
Baron Growth | — | 68,332,127 | 405,991,216 | — | — | — | |||||||||||||||||||||
Columbia Contrarian Core | 2,511,142 | 31,308,820 | 12,831,612 | — | — | — | |||||||||||||||||||||
Columbia Small Cap Value II | 587,706 | 20,243,975 | (84,762 | ) | — | — | — | ||||||||||||||||||||
Invesco Comstock | 3,956,471 | 40,103,220 | 2,388,755 | — | — | — | |||||||||||||||||||||
Invesco Equity and Income | 5,279,800 | 70,721,983 | (15,991,510 | ) | — | — | — | ||||||||||||||||||||
JPMorgan Mid Cap Value | 2,468,684 | 52,285,518 | 48,129,191 | — | — | — | |||||||||||||||||||||
Oppenheimer Global | 7,800,813 | 247,080,921 | 415,706,058 | — | — | — | |||||||||||||||||||||
Pioneer High Yield | 2,790,630 | — | (5,243,003 | ) | (486,307 | ) | Short-term | None | |||||||||||||||||||
(2,415,470 | ) | Long-term | None | ||||||||||||||||||||||||
$ | (2,901,777 | ) | |||||||||||||||||||||||||
T. Rowe Price Diversified Mid Cap Growth | 6,129,082 | 106,324,379 | 163,948,673 | — | — | — | |||||||||||||||||||||
T. Rowe Price Growth Equity | 2,350,307 | 211,324,300 | 251,881,587 | — | — | — | |||||||||||||||||||||
Templeton Foreign Equity | 9,130,863 | 38,955,627 | 17,173,632 | — | — | — |
The Portfolios' major tax jurisdictions are U.S. federal and Arizona state.
As of December 31, 2018, no provision for income tax is required in the Portfolios' financial statements as a result of tax positions taken on federal and state income tax returns for open tax years. The Portfolios' federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state department of revenue. The earliest tax year that remains subject to examination by these jurisdictions is 2014.
83
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 13 — FEDERAL INCOME TAXES (continued)
Prior to the reclassification of distributions on the Statement of Changes in Net Assets, the characteristics of distributions for the year ended December 31, 2017 were as follows:
Global Bond | American Century Small-Mid Cap Value | Baron Growth | Columbia Contrarian Core | Columbia Small Cap Value II | Invesco Comstock | Invesco Equity and Income | |||||||||||||||||||||||||
Distributions from net investment income: | |||||||||||||||||||||||||||||||
Class ADV | $ | (511,317 | ) | $ | (1,009,008 | ) | $ | (472,568 | ) | $ | (236,421 | ) | $ | (60,081 | ) | $ | (334,147 | ) | $ | (706,585 | ) | ||||||||||
Class I | (4,176,794 | ) | (1,888,408 | ) | (1,502,041 | ) | (120,908 | ) | (246,775 | ) | (2,586,848 | ) | (12,863,459 | ) | |||||||||||||||||
Class R6 | — | — | (19,734 | ) | — | (14,085 | ) | — | — | ||||||||||||||||||||||
Class S | (957,957 | ) | (1,080,278 | ) | (3,905,958 | ) | (2,825,606 | ) | (384,597 | ) | (3,158,173 | ) | (10,168,042 | ) | |||||||||||||||||
Class S2 | — | (40,449 | ) | (7,458 | ) | — | (10,279 | ) | — | (5,973,523 | ) | ||||||||||||||||||||
$ | (5,646,068 | ) | $ | (4,018,143 | ) | $ | (5,907,759 | ) | $ | (3,182,935 | ) | $ | (715,817 | ) | $ | (6,079,168 | ) | $ | (29,711,609 | ) | |||||||||||
Distributions from net realized gains: | |||||||||||||||||||||||||||||||
Class ADV | $ | — | $ | (4,431,604 | ) | $ | (9,831,150 | ) | $ | (1,647,211 | ) | $ | (1,480,869 | ) | $ | — | $ | (1,312,370 | ) | ||||||||||||
Class I | — | (5,837,409 | ) | (16,641,830 | ) | (558,456 | ) | (1,802,845 | ) | — | (14,259,508 | ) | |||||||||||||||||||
Class R6 | — | — | (218,571 | ) | — | (102,808 | ) | — | — | ||||||||||||||||||||||
Class S | — | (3,971,230 | ) | (57,464,205 | ) | (16,468,799 | ) | (5,210,507 | ) | — | (15,529,797 | ) | |||||||||||||||||||
Class S2 | — | (171,694 | ) | (226,899 | ) | — | (216,301 | ) | — | (10,722,943 | ) | ||||||||||||||||||||
$ | — | $ | (14,411,937 | ) | $ | (84,382,655 | ) | $ | (18,674,466 | ) | $ | (8,813,330 | ) | $ | — | $ | (41,824,618 | ) | |||||||||||||
Undistributed (distributions in excess of) net investment income or accumulated net investment loss at end of year | $ | 5,889,353 | $ | 4,223,160 | $ | (23,339 | ) | $ | 2,602,940 | $ | 561,259 | $ | 791,452 | $ | 1,822,110 |
JPMorgan Mid Cap Value | Oppenheimer Global | Pioneer High Yield | T. Rowe Price Diversified Mid Cap Growth | T. Rowe Price Growth Equity | Templeton Foreign Equity | ||||||||||||||||||||||
Distributions from net investment income: | |||||||||||||||||||||||||||
Class ADV | $ | (367,446 | ) | $ | (718,720 | ) | $ | — | $ | (131,843 | ) | $ | — | $ | (555,843 | ) | |||||||||||
Class I | (1,780,656 | ) | (13,712,818 | ) | (4,964,852 | ) | (5,216,194 | ) | (565,610 | ) | (3,578,275 | ) | |||||||||||||||
Class R6 | — | — | — | (35,197 | ) | — | — | ||||||||||||||||||||
Class S | (1,537,684 | ) | (1,874,426 | ) | (174,026 | ) | (230,672 | ) | — | (7,476,254 | ) | ||||||||||||||||
Class S2 | (14,734 | ) | (36,515 | ) | — | (16,432 | ) | — | (24,956 | ) | |||||||||||||||||
$ | (3,700,520 | ) | $ | (16,342,479 | ) | $ | (5,138,878 | ) | $ | (5,630,338 | ) | $ | (565,610 | ) | $ | (11,635,328 | ) | ||||||||||
Distributions from net realized gains: | |||||||||||||||||||||||||||
Class ADV | $ | (9,276,090 | ) | $ | (172,448 | ) | $ | — | $ | (4,234,793 | ) | $ | (24,552,336 | ) | $ | — | |||||||||||
Class I | (19,983,617 | ) | (1,960,781 | ) | — | (59,161,068 | ) | (109,063,868 | ) | — | |||||||||||||||||
Class R6 | — | — | — | (399,191 | ) | — | — | ||||||||||||||||||||
Class S | (25,068,058 | ) | (335,880 | ) | — | (3,734,472 | ) | (38,236,738 | ) | — | |||||||||||||||||
Class S2 | (359,318 | ) | (7,228 | ) | — | (372,735 | ) | (1,081,420 | ) | — | |||||||||||||||||
$ | (54,687,083 | ) | $ | (2,476,337 | ) | $ | — | $ | (67,902,259 | ) | $ | (172,934,362 | ) | $ | — | ||||||||||||
Undistributed (distributions in excess of) net investment income or accumulated net investment loss at end of year | $ | 406,606 | $ | 26,293,131 | $ | 3,004,403 | $ | 1,555,502 | $ | 2,961,695 | $ | 13,941,969 |
84
NOTES TO FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (CONTINUED)
NOTE 14 — OTHER ACCOUNTING PRONOUNCEMENTS
In March 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2017-08, Receivables — Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization On Purchased Callable Debt Securities ("ASU 2017-08"). The update shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. ASU 2017-08 will be effective for interim and annual periods beginning after December 15, 2018.
Also, in August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The update provides guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. ASU 2018-13 will be effective for annual periods beginning after December 15, 2019. As of December 31, 2018, management of the Portfolios is currently assessing the potential impact to financial statement disclosure that may result from adopting these ASUs.
NOTE 15 — SUBSEQUENT EVENTS
Subsequent to December 31, 2018, the following Portfolios paid dividends from net investment income of:
Per Share Amount | Payable Date | Record Date | |||||||||||||
Global Bond | |||||||||||||||
Class ADV | $ | 0.0210 | February 1, 2019 | Daily | |||||||||||
Class I | $ | 0.0259 | February 1, 2019 | Daily | |||||||||||
Class S | $ | 0.0236 | February 1, 2019 | Daily | |||||||||||
Pioneer High Yield | |||||||||||||||
Class I | $ | 0.0316 | February 1, 2019 | Daily | |||||||||||
Class S | $ | 0.0291 | February 1, 2019 | Daily |
Management Fee waivers: On September 14, 2018, the Board approved a management fee waiver for Global Bond, American Century Small-Mid Cap Value, Columbia Contrarian Core, Columbia Small Cap Value II, Invesco Comstock, and T. Rowe Price Growth Equity. Effective May 1, 2019, the Investment Adviser has agreed to waive 0.003%, 0.165%, 0.023%, 0.027%, 0.017%, and 0.019% of the management fee for each of the Portfolio's,
respectively. Any fees waived or reimbursed are not eligible for recoupment. This waiver replaces the management fee waiver effective in connection with a sub-advisory fee reduction. The termination of this obligation was also approved by the Board on September 14, 2018.
Fund changes: On January 25, 2019, the Board approved the sub-adviser replacement of Templeton Investment Counsel, LLC with Voya Investment Management Co. LLC for Templeton Foreign Equity, along with related changes to the Portfolio's name, and expense structure, all effective May 1, 2019. The Portfolio will be renamed "Voya International High Dividend Low Volatility Portfolio", the management fee will be reduced to 0.60% on all assets and the Investment Adviser, through May 1, 2020, has further lowered the expense limits so that they will be 1.25%, 0.75%, 1.00% and 1.15% for Class ADV, Class I, Class S, and Class S2, respectively. In conjunction with the reduced expense limits, the Investment Adviser will no longer be obligated to waive a portion of the management fee for the Portfolio. The termination of the side letter expense limitation agreement and the management fee waiver obligation were also approved by the Board on January 25, 2019.
Reorganization: The Board approved a proposal to reorganize Pioneer High Yield (the "Merging Portfolio"), with and into Voya High Yield Portfolio, which is not included in this report, (the "Reorganization"). The proposed Reorganization is subject to approval by shareholders of the Merging Portfolio at a shareholder meeting scheduled to be held on or about July 23, 2019. The Merging Portfolio will notify its shareholders if shareholder approval of its proposed Reorganization is not obtained. If shareholder approval of the Reorganization is obtained, it is expected that the Reorganization will take place on or about August 23, 2019.
The Portfolios have evaluated events occurring after the Statements of Assets and Liabilities date ("subsequent events") to determine whether any subsequent events necessitated adjustment to or disclosure in the financial statements. Other than the above, no such subsequent events were identified.
85
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
CORPORATE BONDS/NOTES: 23.0% | |||||||||||||||||||
Brazil: 0.5% | |||||||||||||||||||
900,000 |
| Petrobras Global Finance BV, 8.750%, 05/23/2026 | $ | 1,011,150 | 0.5 | ||||||||||||||
Canada: 0.6% | |||||||||||||||||||
215,000 | (1 | ) | 1011778 BC ULC / New Red Finance, Inc., 5.000%, 10/15/2025 | 198,337 | 0.1 | ||||||||||||||
1,020,000 | Other Securities | 962,619 | 0.5 | ||||||||||||||||
1,160,956 | 0.6 | ||||||||||||||||||
China: 0.3% | |||||||||||||||||||
601,000 | Alibaba Group Holding Ltd., 3.600%, 11/28/2024 | 588,312 | 0.3 | ||||||||||||||||
France: 0.5% | |||||||||||||||||||
572,000 | (1 | ) | BNP Paribas SA, 3.500%, 03/01/2023 | 555,060 | 0.3 | ||||||||||||||
287,000 | (1 | ) | BPCE SA, 5.150%, 07/21/2024 | 288,513 | 0.1 | ||||||||||||||
226,000 | (1 | ) | Electricite de France SA, 2.350%, 10/13/2020 | 222,782 | 0.1 | ||||||||||||||
1,066,355 | 0.5 | ||||||||||||||||||
Guernsey: 0.3% | |||||||||||||||||||
716,000 | Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/2020 | 708,395 | 0.3 | ||||||||||||||||
Ireland: 0.3% | |||||||||||||||||||
652,000 | Other Securities | 573,474 | 0.3 | ||||||||||||||||
Israel: 0.1% | |||||||||||||||||||
225,000 | Other Securities | 193,969 | 0.1 | ||||||||||||||||
Italy: 0.1% | |||||||||||||||||||
180,000 | Other Securities | 179,663 | 0.1 | ||||||||||||||||
Japan: 0.8% | |||||||||||||||||||
200,000 | (1 | ) | Mizuho Bank Ltd., 3.200%, 03/26/2025 | 193,722 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
790,000 | (1 | ) | MUFG Bank Ltd, 2.300%, 03/05/2020 | $ | 782,548 | 0.4 | |||||||||||||
639,000 | Sumitomo Mitsui Financial Group, Inc., 3.784%, 03/09/2026 | 633,538 | 0.3 | ||||||||||||||||
1,609,808 | 0.8 | ||||||||||||||||||
Luxembourg: 0.1% | |||||||||||||||||||
185,000 | (1 | ) | Dana Financing Luxembourg Sarl, 6.500%, 06/01/2026 | 178,294 | 0.1 | ||||||||||||||
Mexico: 0.0% | |||||||||||||||||||
MXN | 73,299 | (2 | ) | JPMorgan Hipotecaria su Casita, 6.100%, 09/25/2035 | 3,720 | 0.0 | |||||||||||||
MXN | 1,007,437 | (3 | ),(4) | Other Securities | — | — | |||||||||||||
3,720 | 0.0 | ||||||||||||||||||
Netherlands: 0.9% | |||||||||||||||||||
690,000 | Shell International Finance BV, 3.250%, 05/11/2025 | 681,251 | 0.3 | ||||||||||||||||
361,000 | Shell International Finance BV, 4.000%, 05/10/2046 | 349,966 | 0.2 | ||||||||||||||||
300,000 | (1 | ) | Siemens Financieringsmaatschappij NV, 2.350%, 10/15/2026 | 273,757 | 0.2 | ||||||||||||||
439,000 | Other Securities | 455,031 | 0.2 | ||||||||||||||||
1,760,005 | 0.9 | ||||||||||||||||||
Norway: 0.2% | |||||||||||||||||||
380,000 | Other Securities | 369,406 | 0.2 | ||||||||||||||||
South Africa: 0.0% | |||||||||||||||||||
ZAR | 1,000,000 | Other Securities | 72,549 | 0.0 | |||||||||||||||
Sweden: 0.1% | |||||||||||||||||||
298,000 | (1 | ),(5) | Nordea Bank ABP, 5.500%, 12/31/2199 | 291,295 | 0.1 | ||||||||||||||
Switzerland: 0.3% | |||||||||||||||||||
400,000 | (1 | ) | Credit Suisse AG, 6.500%, 08/08/2023 | 418,254 | 0.2 |
See Accompanying Notes to Financial Statements
86
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Switzerland (continued) | |||||||||||||||||||
250,000 | UBS AG/Stamford CT, 7.625%, 08/17/2022 | $ | 266,875 | 0.1 | |||||||||||||||
685,129 | 0.3 | ||||||||||||||||||
United Kingdom: 1.1% | |||||||||||||||||||
200,000 | (1 | ) | Reckitt Benckiser Treasury Services PLC, 3.000%, 06/26/2027 | 186,154 | 0.1 | ||||||||||||||
1,002,000 | Santander UK PLC, 2.375%, 03/16/2020 | 991,105 | 0.5 | ||||||||||||||||
602,000 | (1 | ) | Standard Chartered PLC, 4.300%, 02/19/2027 | 566,176 | 0.3 | ||||||||||||||
230,000 | (1 | ) | Standard Chartered PLC, 5.300%, 01/09/2043 | 218,320 | 0.1 | ||||||||||||||
283,000 | Other Securities | 280,057 | 0.1 | ||||||||||||||||
2,241,812 | 1.1 | ||||||||||||||||||
United States: 16.8% | |||||||||||||||||||
150,000 | (1 | ) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 3.650%, 02/01/2026 | 141,917 | 0.0 | ||||||||||||||
170,000 | (1 | ) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, 02/01/2046 | 158,199 | 0.1 | ||||||||||||||
211,000 | Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/2021 | 207,497 | 0.1 | ||||||||||||||||
130,000 | Anheuser-Busch InBev Worldwide, Inc., 4.000%, 04/13/2028 | 124,661 | 0.1 | ||||||||||||||||
1,030,000 | AT&T, Inc., 4.300%-5.450%, 02/15/2030- 03/01/2047 | 987,791 | 0.5 | ||||||||||||||||
616,000 | (5 | ) | Bank of America Corp., 3.419%, 12/20/2028 | 576,433 | 0.3 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
826,000 | Bank of America Corp., 3.300%-4.100%, 01/11/2023- 07/24/2023 | $ | 827,083 | 0.4 | |||||||||||||||
530,000 | BP Capital Markets America, Inc., 3.216%, 11/28/2023 | 522,669 | 0.2 | ||||||||||||||||
220,000 | (1 | ) | Brink's Co/The, 4.625%, 10/15/2027 | 201,351 | 0.1 | ||||||||||||||
215,000 | (1 | ) | Caesars Resort Collection LLC / CRC Finco, Inc., 5.250%, 10/15/2025 | 185,437 | 0.1 | ||||||||||||||
215,000 | (1 | ) | Calpine Corp., 5.250%, 06/01/2026 | 196,994 | 0.1 | ||||||||||||||
60,000 | (1 | ) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 05/01/2027 | 56,034 | 0.0 | ||||||||||||||
563,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/2022 | 568,825 | 0.3 | ||||||||||||||||
579,000 | Citigroup, Inc., 4.000%, 08/05/2024 | 572,692 | 0.3 | ||||||||||||||||
734,000 | Citigroup, Inc., 4.125%-5.500%, 09/13/2025- 07/25/2028 | 742,196 | 0.3 | ||||||||||||||||
758,000 | Citizens Bank NA/ Providence RI, 2.450%, 12/04/2019 | 752,807 | 0.4 | ||||||||||||||||
278,000 | (1 | ) | Cleveland Electric Illuminating Co/ The, 3.500%, 04/01/2028 | 265,512 | 0.1 | ||||||||||||||
675,000 | Comcast Corp., 2.350%-4.250%, 01/15/2027- 01/15/2033 | 662,289 | 0.3 | ||||||||||||||||
200,000 | (1 | ) | CommScope Technologies LLC, 5.000%, 03/15/2027 | 162,500 | 0.1 | ||||||||||||||
1,184,000 | CVS Health Corp., 2.800%, 07/20/2020 | 1,173,565 | 0.6 |
See Accompanying Notes to Financial Statements
87
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
510,000 | CVS Health Corp., 4.300%, 03/25/2028 | $ | 500,326 | 0.2 | |||||||||||||||
177,000 | (1 | ) | Dell International LLC / EMC Corp., 4.420%, 06/15/2021 | 176,920 | 0.1 | ||||||||||||||
480,000 | (1 | ) | Dell International LLC / EMC Corp., 5.450%, 06/15/2023 | 488,902 | 0.2 | ||||||||||||||
313,000 | (1 | ) | Dell International LLC / EMC Corp., 6.020%, 06/15/2026 | 315,012 | 0.2 | ||||||||||||||
1,026,000 | Energy Transfer Operating L.P., 4.900%, 02/01/2024 | 1,039,544 | 0.5 | ||||||||||||||||
280,000 | Energy Transfer Partners L.P. / Regency Energy Finance Corp., 4.500%, 11/01/2023 | 280,392 | 0.1 | ||||||||||||||||
558,000 | Entergy Corp., 5.125%, 09/15/2020 | 569,613 | 0.3 | ||||||||||||||||
210,000 | (1 | ) | ESH Hospitality, Inc., 5.250%, 05/01/2025 | 195,825 | 0.1 | ||||||||||||||
200,000 | (1 | ) | First Data Corp., 5.750%, 01/15/2024 | 196,068 | 0.1 | ||||||||||||||
532,000 | FirstEnergy Corp., 4.250%, 03/15/2023 | 540,970 | 0.3 | ||||||||||||||||
569,000 | Ford Motor Credit Co. LLC, 3.200%, 01/15/2021 | 551,592 | 0.3 | ||||||||||||||||
240,000 | Goldman Sachs Group, Inc./ The, 2.625%, 04/25/2021 | 233,871 | 0.1 | ||||||||||||||||
942,000 | (5 | ) | Goldman Sachs Group, Inc./ The, 2.876%, 10/31/2022 | 915,205 | 0.5 | ||||||||||||||
100,000 | (1 | ) | Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp., 5.625%, 02/15/2026 | 97,250 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
210,000 | (1 | ) | Hilton Domestic Operating Co., Inc., 5.125%, 05/01/2026 | $ | 202,125 | 0.1 | |||||||||||||
190,000 | (1 | ) | JBS USA LUX SA / JBS USA Finance, Inc., 5.750%, 06/15/2025 | 182,162 | 0.1 | ||||||||||||||
175,000 | (1 | ),(6) | Jonah Energy LLC / Jonah Energy Finance Corp., 7.250%, 10/15/2025 | 113,750 | 0.0 | ||||||||||||||
1,093,000 | (5 | ),(6) | JPMorgan Chase & Co., 2.550%-6.000%, 03/01/2021- 12/31/2199 | 1,047,676 | 0.5 | ||||||||||||||
380,000 | (1 | ) | Metropolitan Edison Co., 4.000%, 04/15/2025 | 383,573 | 0.2 | ||||||||||||||
372,000 | Morgan Stanley, 3.750%, 02/25/2023 | 371,535 | 0.2 | ||||||||||||||||
618,000 | Morgan Stanley, 4.100%, 05/22/2023 | 619,472 | 0.3 | ||||||||||||||||
215,000 | (1 | ) | Novelis Corp., 5.875%, 09/30/2026 | 190,812 | 0.1 | ||||||||||||||
100,000 | (1 | ) | Owens-Brockway Glass Container, Inc., 5.875%, 08/15/2023 | 100,625 | 0.0 | ||||||||||||||
205,000 | (1 | ) | Post Holdings, Inc., 5.000%, 08/15/2026 | 187,575 | 0.1 | ||||||||||||||
215,000 | (1 | ) | Quicken Loans, Inc., 5.250%, 01/15/2028 | 191,081 | 0.1 | ||||||||||||||
225,000 | (1 | ) | Sinclair Television Group, Inc., 5.125%, 02/15/2027 | 199,688 | 0.1 | ||||||||||||||
175,000 | (1 | ) | Sirius XM Radio, Inc., 5.000%, 08/01/2027 | 160,563 | 0.1 | ||||||||||||||
195,000 | (1 | ) | Six Flags Entertainment Corp., 5.500%, 04/15/2027 | 184,275 | 0.1 | ||||||||||||||
215,000 | (1 | ) | Standard Industries, Inc./ NJ, 5.000%, 02/15/2027 | 188,663 | 0.1 |
See Accompanying Notes to Financial Statements
88
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
200,000 | (1 | ) | Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 5.500%, 01/15/2028 | $ | 193,000 | 0.1 | |||||||||||||
561,000 | Verizon Communications, Inc., 4.125%-4.522%, 03/16/2027- 09/15/2048 | 542,455 | 0.3 | ||||||||||||||||
430,000 | Wells Fargo & Co., 4.100%, 06/03/2026 | 420,514 | 0.2 | ||||||||||||||||
205,000 | (1 | ) | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.500%, 03/01/2025 | 191,675 | 0.1 | ||||||||||||||
14,141,841 | (7 | ) | Other Securities | 13,478,861 | 6.6 | ||||||||||||||
34,338,022 | 16.8 | ||||||||||||||||||
Total Corporate Bonds/Notes (Cost $48,838,325) | 47,032,314 | 23.0 | |||||||||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS: 12.7% | |||||||||||||||||||
United States: 12.7% | |||||||||||||||||||
261,711 | Alternative Loan Trust 2005-51 3A2A, 3.447%, (12MTA + 1.290%), 11/20/2035 | 253,055 | 0.1 | ||||||||||||||||
528,188 | Banc of America Funding 2005-1 Trust 1A1, 5.500%, 02/25/2035 | 522,251 | 0.3 | ||||||||||||||||
93,097 | (5 | ) | Citigroup Mortgage Loan Trust, Inc. 2005-2 1A3, 4.440%, 05/25/2035 | 93,707 | 0.0 | ||||||||||||||
338,355 | CitiMortgage Alternative Loan Trust Series 2006-A3 1A7, 6.000%, 07/25/2036 | 324,966 | 0.2 | ||||||||||||||||
56,618 | Countrywide Alternative Loan Trust 2005-53T2 2A6, 3.006%, (US0001M + 0.500%), 11/25/2035 | 36,825 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
300,000 | Countrywide Asset-Backed Certificates 2005-IM1 M1, 3.226%, (US0001M + 0.720%), 11/25/2035 | $ | 297,910 | 0.2 | |||||||||||||||
10,859 | (1 | ) | Deutsche ALT-A Securities, Inc. ALT2007-RS1 A2, 2.822%, (US0001M + 0.500%), 01/27/2037 | 11,793 | 0.0 | ||||||||||||||
500,000 | Fannie Mae Connecticut Avenue Securities 2017-C03 1M2, 5.506%, (US0001M + 3.000%), 10/25/2029 | 517,900 | 0.3 | ||||||||||||||||
500,000 | Fannie Mae Connecticut Avenue Securities 2017-C05 1M2, 4.706%, (US0001M + 2.200%), 01/25/2030 | 501,524 | 0.3 | ||||||||||||||||
300,000 | Fannie Mae Connecticut Avenue Securities 2017-C07 1M2, 4.906%, (US0001M + 2.400%), 05/25/2030 | 302,587 | 0.2 | ||||||||||||||||
600,000 | Fannie Mae Connecticut Avenue Securities 2017-C07 2M2, 5.006%, (US0001M + 2.500%), 05/25/2030 | 599,670 | 0.3 | ||||||||||||||||
67,962 | (8 | ) | Fannie Mae Interest Strip Sereis 328 2, 6.000%, 12/25/2032 | 16,040 | 0.0 | ||||||||||||||
35,294 | (8 | ) | Fannie Mae Interest Strip Sereis 332 2, 6.000%, 03/25/2033 | 8,582 | 0.0 | ||||||||||||||
121,358 | (8 | ) | Fannie Mae Interest Strip Series 254 2, 7.500%, 01/25/2024 | 16,157 | 0.0 |
See Accompanying Notes to Financial Statements
89
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
21,663 | (8 | ) | Fannie Mae Interest Strip Series 294 2, 7.000%, 02/25/2028 | $ | 4,628 | 0.0 | |||||||||||||
183,178 | (8 | ) | Fannie Mae Interest Strip Series 319 2, 6.500%, 02/25/2032 | 39,901 | 0.0 | ||||||||||||||
29,269 | (8 | ) | Fannie Mae Interest Strip Series 331 5, 6.000%, 02/25/2033 | 5,949 | 0.0 | ||||||||||||||
28,805 | (8 | ) | Fannie Mae Interest Strip Series 334 12, 6.000%, 03/25/2033 | 6,541 | 0.0 | ||||||||||||||
34,824 | (8 | ) | Fannie Mae Interest Strip Series 338 2, 5.500%, 07/25/2033 | 7,126 | 0.0 | ||||||||||||||
14,925 | (8 | ) | Fannie Mae Interest Strip Series 356 10, 5.500%, 06/25/2035 | 3,019 | 0.0 | ||||||||||||||
16,179 | (8 | ) | Fannie Mae Interest Strip Series 364 15, 6.000%, 09/25/2035 | 3,320 | 0.0 | ||||||||||||||
500,349 | (8 | ) | Fannie Mae Interest Strip Series 418 5, 3.500%, 08/25/2043 | 78,416 | 0.0 | ||||||||||||||
752,184 | (5 | ),(8) | Fannie Mae Interest Strip Series 418 80, 3.500%, 08/25/2033 | 99,483 | 0.1 | ||||||||||||||
11,214 | Fannie Mae REMIC Trust 1999-14 MB, 6.500%, 04/25/2029 | 11,843 | 0.0 | ||||||||||||||||
17,050 | Fannie Mae REMIC Trust 1999-54 LH, 6.500%, 11/25/2029 | 18,559 | 0.0 | ||||||||||||||||
15,021 | Fannie Mae REMIC Trust 2001-80 ZB, 6.000%, 01/25/2032 | 16,089 | 0.0 | ||||||||||||||||
71,969 | (8 | ) | Fannie Mae REMIC Trust 2002-12 SB, 5.244%, (-1.000*US0001M + 7.750%), 07/25/2031 | 12,847 | 0.0 | ||||||||||||||
40,852 | (8 | ) | Fannie Mae REMIC Trust 2002-2 SW, 5.244%, (-1.000*US0001M + 7.750%), 02/25/2032 | 7,561 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
17,764 | Fannie Mae REMIC Trust 2002-21 PE, 6.500%, 04/25/2032 | $ | 19,698 | 0.0 | |||||||||||||||
7,299 | Fannie Mae REMIC Trust 2002-29 F, 3.506%, (US0001M + 1.000%), 04/25/2032 | 7,475 | 0.0 | ||||||||||||||||
23,649 | (8 | ) | Fannie Mae REMIC Trust 2002-41 S, 5.444%, (-1.000*US0001M + 7.950%), 07/25/2032 | 3,850 | 0.0 | ||||||||||||||
2,246 | Fannie Mae REMIC Trust 2002-64 FJ, 3.506%, (US0001M + 1.000%), 04/25/2032 | 2,300 | 0.0 | ||||||||||||||||
4,643 | Fannie Mae REMIC Trust 2002-68 FH, 2.955%, (US0001M + 0.500%), 10/18/2032 | 4,664 | 0.0 | ||||||||||||||||
800,177 | (8 | ) | Fannie Mae REMIC Trust 2002-77 JS, 5.545%, (-1.000*US0001M + 8.000%), 12/18/2032 | 145,327 | 0.1 | ||||||||||||||
20,824 | Fannie Mae REMIC Trust 2002-84 FB, 3.506%, (US0001M + 1.000%), 12/25/2032 | 21,346 | 0.0 | ||||||||||||||||
20,821 | Fannie Mae REMIC Trust 2003-11 FA, 3.506%, (US0001M + 1.000%), 09/25/2032 | 21,222 | 0.0 | ||||||||||||||||
4,370 | Fannie Mae REMIC Trust 2003-116 FA, 2.906%, (US0001M + 0.400%), 11/25/2033 | 4,374 | 0.0 | ||||||||||||||||
27,733 | (8 | ) | Fannie Mae REMIC Trust 2003-13 IO, 7.000%, 03/25/2033 | 7,169 | 0.0 | ||||||||||||||
22,367 | (8 | ) | Fannie Mae REMIC Trust 2003-26 IK, 7.000%, 04/25/2033 | 5,186 | 0.0 |
See Accompanying Notes to Financial Statements
90
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
12,967 | (8 | ) | Fannie Mae REMIC Trust 2003-52 NS, 4.594%, (-1.000*US0001M + 7.100%), 06/25/2023 | $ | 732 | 0.0 | |||||||||||||
111,578 | (8 | ) | Fannie Mae REMIC Trust 2004-56 SE, 5.044%, (-1.000*US0001M + 7.550%), 10/25/2033 | 20,931 | 0.0 | ||||||||||||||
30,229 | Fannie Mae REMIC Trust 2005-25 PS, 17.133%, (-4.400*US0001M + 28.160%), 04/25/2035 | 46,426 | 0.0 | ||||||||||||||||
14,247 | (8 | ) | Fannie Mae REMIC Trust 2005-40 SB, 4.244%, (-1.000*US0001M + 6.750%), 05/25/2035 | 1,827 | 0.0 | ||||||||||||||
57,725 | Fannie Mae REMIC Trust 2005-71 DB, 4.500%, 08/25/2025 | 58,468 | 0.0 | ||||||||||||||||
112,127 | Fannie Mae REMIC Trust 2005-74 DK, 13.975%, (-4.000*US0001M + 24.000%), 07/25/2035 | 163,327 | 0.1 | ||||||||||||||||
337,626 | Fannie Mae REMIC Trust 2005-87 SB, 14.644%, (-3.667*US0001M + 23.833%), 10/25/2035 | 492,396 | 0.2 | ||||||||||||||||
236,789 | Fannie Mae REMIC Trust 2006-104 ES, 20.919%, (-5.000*US0001M + 33.450%), 11/25/2036 | 387,022 | 0.2 | ||||||||||||||||
15,643 | Fannie Mae REMIC Trust 2006-11 PS, 15.377%, (-3.667*US0001M + 24.567%), 03/25/2036 | 23,457 | 0.0 | ||||||||||||||||
41,673 | Fannie Mae REMIC Trust 2006-46 SW, 15.010%, (-3.667*US0001M + 24.199%), 06/25/2036 | 61,390 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
8,840,508 | (8 | ) | Fannie Mae REMIC Trust 2006-51 SA, 4.064%, (-1.000*US0001M + 6.570%), 06/25/2036 | $ | 1,384,034 | 0.7 | |||||||||||||
75,723 | (8 | ) | Fannie Mae REMIC Trust 2006-90 SX, 4.724%, (-1.000*US0001M + 7.230%), 09/25/2036 | 12,514 | 0.0 | ||||||||||||||
8,802,466 | (8 | ) | Fannie Mae REMIC Trust 2007-116 DI, 3.434%, (-1.000*US0001M + 5.940%), 01/25/2038 | 1,297,006 | 0.6 | ||||||||||||||
65,139 | (8 | ) | Fannie Mae REMIC Trust 2007-88 XI, 4.034%, (-1.000*US0001M + 6.540%), 06/25/2037 | 10,942 | 0.0 | ||||||||||||||
707,016 | (8 | ) | Fannie Mae REMIC Trust 2007-89 SB, 4.044%, (-1.000*US0001M + 6.550%), 09/25/2037 | 93,735 | 0.0 | ||||||||||||||
1,890,072 | (8 | ) | Fannie Mae REMIC Trust 2007-94 SG, 3.944%, (-1.000*US0001M + 6.450%), 10/25/2037 | 302,532 | 0.2 | ||||||||||||||
248,774 | Fannie Mae REMIC Trust 2010-109 SN, 13.254%, (-5.000*US0001M + 25.000%), 10/25/2040 | 482,890 | 0.2 | ||||||||||||||||
121,695 | Fannie Mae REMIC Trust 2010-155 PL, 5.000%, 07/25/2040 | 125,628 | 0.1 | ||||||||||||||||
3,365,199 | (8 | ) | Fannie Mae REMIC Trust 2011-55 SK, 4.054%, (-1.000*US0001M + 6.560%), 06/25/2041 | 561,016 | 0.3 | ||||||||||||||
2,690,574 | (8 | ) | Fannie Mae REMIC Trust 2011-86 NS, 3.444%, (-1.000*US0001M + 5.950%), 09/25/2041 | 337,029 | 0.2 | ||||||||||||||
1,892,462 | (8 | ) | Fannie Mae REMIC Trust 2012-10 US, 3.944%, (-1.000*US0001M + 6.450%), 02/25/2042 | 249,941 | 0.1 |
See Accompanying Notes to Financial Statements
91
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
1,432,803 | (8 | ) | Fannie Mae REMIC Trust 2012-110 JI, 4.000%, 06/25/2042 | $ | 212,795 | 0.1 | |||||||||||||
4,795,928 | (8 | ) | Fannie Mae REMIC Trust 2012-133 PS, 3.694%, (-1.000*US0001M + 6.200%), 03/25/2042 | 528,968 | 0.3 | ||||||||||||||
2,196,960 | (8 | ) | Fannie Mae REMIC Trust 2012-144 SB, 3.594%, (-1.000*US0001M + 6.100%), 01/25/2043 | 435,128 | 0.2 | ||||||||||||||
2,494,283 | (8 | ) | Fannie Mae REMIC Trust 2012-27 SB, 3.474%, (-1.000*US0001M + 5.980%), 11/25/2041 | 331,765 | 0.2 | ||||||||||||||
23,601 | Fannie Mae REMIC Trust 2013-130 ST, 8.000%, (-16.000*US0001M + 64.000%), 05/25/2043 | 26,963 | 0.0 | ||||||||||||||||
1,503,037 | (8 | ) | Fannie Mae REMIC Trust 2013-64 LI, 3.000%, 06/25/2033 | 184,417 | 0.1 | ||||||||||||||
8,337,736 | (8 | ) | Freddie Mac 3502 DL, 3.545%, (-1.000*US0001M + 6.000%), 01/15/2039 | 1,218,024 | 0.6 | ||||||||||||||
37,725 | Freddie Mac REMIC Trust 1360 PZ, 7.500%, 09/15/2022 | 39,700 | 0.0 | ||||||||||||||||
22,455 | Freddie Mac REMIC Trust 1674 Z, 6.750%, 02/15/2024 | 23,736 | 0.0 | ||||||||||||||||
48,377 | Freddie Mac REMIC Trust 1897 K, 7.000%, 09/15/2026 | 52,549 | 0.0 | ||||||||||||||||
8,967 | (8 | ) | Freddie Mac REMIC Trust 2035 PE, 7.000%, 03/15/2028 | 1,858 | 0.0 | ||||||||||||||
45,908 | (8 | ) | Freddie Mac REMIC Trust 2049 PL, 7.000%, 04/15/2028 | 9,046 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
23,445 | Freddie Mac REMIC Trust 2122 F, 2.905%, (US0001M + 0.450%), 02/15/2029 | $ | 23,452 | 0.0 | |||||||||||||||
73,645 | (8 | ) | Freddie Mac REMIC Trust 2134 SB, 5.245%, (-1.000*US0001M + 7.700%), 03/15/2029 | 9,986 | 0.0 | ||||||||||||||
83,238 | (8 | ) | Freddie Mac REMIC Trust 2136 SG, 5.195%, (-1.000*US0001M + 7.650%), 03/15/2029 | 12,389 | 0.0 | ||||||||||||||
106,410 | (8 | ) | Freddie Mac REMIC Trust 2177 SB, 6.495%, (-1.000*US0001M + 8.950%), 08/15/2029 | 18,842 | 0.0 | ||||||||||||||
12,056 | Freddie Mac REMIC Trust 2344 FP, 3.405%, (US0001M + 0.950%), 08/15/2031 | 12,380 | 0.0 | ||||||||||||||||
5,373 | Freddie Mac REMIC Trust 2412 GF, 3.405%, (US0001M + 0.950%), 02/15/2032 | 5,521 | 0.0 | ||||||||||||||||
42,155 | Freddie Mac REMIC Trust 2415 ZA, 6.500%, 02/15/2032 | 47,672 | 0.0 | ||||||||||||||||
33,773 | Freddie Mac REMIC Trust 2461 PZ, 6.500%, 06/15/2032 | 36,885 | 0.0 | ||||||||||||||||
6,462 | Freddie Mac REMIC Trust 2464 FI, 3.455%, (US0001M + 1.000%), 02/15/2032 | 6,613 | 0.0 | ||||||||||||||||
6,629 | Freddie Mac REMIC Trust 2470 LF, 3.455%, (US0001M + 1.000%), 02/15/2032 | 6,783 | 0.0 | ||||||||||||||||
9,274 | Freddie Mac REMIC Trust 2471 FD, 3.455%, (US0001M + 1.000%), 03/15/2032 | 9,492 | 0.0 |
See Accompanying Notes to Financial Statements
92
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
7,539 | Freddie Mac REMIC Trust 2504 FP, 2.955%, (US0001M + 0.500%), 03/15/2032 | $ | 7,577 | 0.0 | |||||||||||||||
28,787 | Freddie Mac REMIC Trust 2551 LF, 2.955%, (US0001M + 0.500%), 01/15/2033 | 28,955 | 0.0 | ||||||||||||||||
69,716 | Freddie Mac REMIC Trust 2676 KY, 5.000%, 09/15/2023 | 71,170 | 0.0 | ||||||||||||||||
363,375 | Freddie Mac REMIC Trust 2750 XG, 5.000%, 02/15/2034 | 392,673 | 0.2 | ||||||||||||||||
315,329 | Freddie Mac REMIC Trust 2890 PE, 5.000%, 11/15/2034 | 337,341 | 0.2 | ||||||||||||||||
60,895 | Freddie Mac REMIC Trust 3001 HT, 8.000%, (-6.667*US0001M + 44.667%), 05/15/2035 | 67,396 | 0.0 | ||||||||||||||||
66,104 | (8 | ) | Freddie Mac REMIC Trust 3004 SB, 3.695%, (-1.000*US0001M + 6.150%), 07/15/2035 | 6,715 | 0.0 | ||||||||||||||
14,094 | Freddie Mac REMIC Trust 3025 SJ, 15.748%, (-3.667*US0001M + 24.750%), 08/15/2035 | 20,844 | 0.0 | ||||||||||||||||
818,898 | (8 | ) | Freddie Mac REMIC Trust 3223 S, 3.495%, (-1.000*US0001M + 5.950%), 10/15/2036 | 94,214 | 0.1 | ||||||||||||||
2,299,431 | (8 | ) | Freddie Mac REMIC Trust 3505 SA, 3.545%, (-1.000*US0001M + 6.000%), 01/15/2039 | 347,349 | 0.2 | ||||||||||||||
2,661,828 | (8 | ) | Freddie Mac REMIC Trust 3702 S, 1.995%, (-1.000*US0001M + 4.450%), 05/15/2036 | 202,792 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
1,514,570 | (8 | ) | Freddie Mac REMIC Trust 3710 SL, 3.545%, (-1.000*US0001M + 6.000%), 05/15/2036 | $ | 46,756 | 0.0 | |||||||||||||
2,731,470 | (8 | ) | Freddie Mac REMIC Trust 3925 SD, 3.595%, (-1.000*US0001M + 6.050%), 07/15/2040 | 284,327 | 0.1 | ||||||||||||||
1,389,003 | (8 | ) | Freddie Mac REMIC Trust 4136 SW, 3.795%, (-1.000*US0001M + 6.250%), 11/15/2032 | 191,185 | 0.1 | ||||||||||||||
638,478 | (8 | ) | Freddie Mac REMIC Trust 4161 CI, 4.000%, 02/15/2043 | 108,853 | 0.1 | ||||||||||||||
9,588,821 | (8 | ) | Freddie Mac REMIC Trust 4194 GI, 4.000%, 04/15/2043 | 1,553,831 | 0.8 | ||||||||||||||
1,161,682 | (8 | ) | Freddie Mac Series 4120 IK, 3.000%, 10/15/2032 | 141,036 | 0.1 | ||||||||||||||
100,000 | Freddie Mac Structured Agency Credit Risk Debt Notes 2015-DNA3 M3, 7.206%, (US0001M + 4.700%), 04/25/2028 | 115,523 | 0.1 | ||||||||||||||||
400,000 | Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA3 M2, 5.006%, (US0001M + 2.500%), 03/25/2030 | 400,719 | 0.2 | ||||||||||||||||
600,000 | Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA2 M2, 5.156%, (US0001M + 2.650%), 12/25/2029 | 608,375 | 0.3 | ||||||||||||||||
72,730 | (5 | ) | Freddie Mac Whole Loan Securities Trust 2016-SC02 M1, 3.607%, 10/25/2046 | 72,732 | 0.0 |
See Accompanying Notes to Financial Statements
93
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
402,661 | Ginnie Mae Series 2007-8 SP, 14.039%, (-3.242*US0001M + 22.048%), 03/20/2037 | $ | 556,494 | 0.3 | |||||||||||||||
1,371,955 | (8 | ) | Ginnie Mae Series 2010-165 IP, 4.000%, 04/20/2038 | 38,345 | 0.0 | ||||||||||||||
2,157,836 | (8 | ) | Ginnie Mae Series 2010-68 MS, 3.380%, (-1.000*US0001M + 5.850%), 06/20/2040 | 296,159 | 0.1 | ||||||||||||||
1,520,313 | (8 | ) | Ginnie Mae Series 2012-97 SC, 4.245%, (-1.000*US0001M + 6.700%), 07/16/2041 | 233,052 | 0.1 | ||||||||||||||
247,757 | GreenPoint Mortgage Funding Trust 2006-AR3 4A1, 2.716%, (US0001M + 0.210%), 04/25/2036 | 230,695 | 0.1 | ||||||||||||||||
642,500 | IndyMac INDX Mortgage Loan Trust 2006-AR2 1A1B, 2.716%, (US0001M + 0.210%), 04/25/2046 | 584,668 | 0.3 | ||||||||||||||||
663,363 | (5 | ) | JP Morgan Mortgage Trust 2005-A4 B1, 4.324%, 07/25/2035 | 658,244 | 0.3 | ||||||||||||||
82,232 | (5 | ) | JP Morgan Mortgage Trust 2007-A1 7A1, 4.377%, 07/25/2035 | 82,406 | 0.1 | ||||||||||||||
290,496 | (1 | ),(5) | JP Morgan Mortgage Trust 2017-3 B1, 3.865%, 08/25/2047 | 285,579 | 0.1 | ||||||||||||||
138,105 | Lehman XS Trust Series 2005-5N 1A2, 2.866%, (US0001M + 0.360%), 11/25/2035 | 129,415 | 0.1 | ||||||||||||||||
83,600 | (1 | ),(5) | Sequoia Mortgage Trust 2018-CH1 A19, 4.000%, 02/25/2048 | 84,217 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
7,397,305 | (5 | ),(8) | WaMu Mortgage Pass-Through Certificates Series 2005-AR11 X, 0.513%, 08/25/2045 | $ | 189,339 | 0.1 | |||||||||||||
46,809 | (5 | ) | WaMu Mortgage Pass-Through Certificates Series 2006-AR12 1A1, 3.881%, 10/25/2036 | 45,272 | 0.0 | ||||||||||||||
817,082 | (5 | ) | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 3A1, 3.693%, 12/25/2036 | 788,481 | 0.4 | ||||||||||||||
171,157 | (5 | ) | WaMu Mortgage Pass-Through Certificates Series 2006-AR8 1A4, 3.877%, 08/25/2046 | 161,993 | 0.1 | ||||||||||||||
347,103 | (5 | ) | WaMu Mortgage Pass-Through Certificates Series 2007-HY2 1A1, 3.645%, 12/25/2036 | 340,104 | 0.2 | ||||||||||||||
100,501 | (5 | ) | WaMu Mortgage Pass-Through Certificates Series 2007-HY4 1A1, 3.161%, 04/25/2037 | 91,074 | 0.0 | ||||||||||||||
117,388 | Wells Fargo Alternative Loan 2007-PA2 2A1, 2.936%, (US0001M + 0.430%), 06/25/2037 | 97,075 | 0.0 | ||||||||||||||||
46,750 | (5 | ) | Wells Fargo Mortgage Backed Securities 2005-AR16 2A1, 4.525%, 02/25/2034 | 48,068 | 0.0 | ||||||||||||||
128,286 | Wells Fargo Mortgage Backed Securities 2006-8 A15, 6.000%, 07/25/2036 | 127,794 | 0.1 | ||||||||||||||||
134,423 | (5 | ) | Wells Fargo Mortgage Backed Securities 2006-AR17 A1, 4.748%, 10/25/2036 | 135,287 | 0.1 |
See Accompanying Notes to Financial Statements
94
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
28,993 | (5 | ) | Wells Fargo Mortgage Backed Securities 2006-AR17 A2, 4.748%, 10/25/2036 | $ | 29,180 | 0.0 | |||||||||||||
195,161 | (5 | ) | Wells Fargo Mortgage Backed Securities 2006-AR7 2A1, 4.334%, 05/25/2036 | 199,943 | 0.1 | ||||||||||||||
189,932 | (5 | ) | Wells Fargo Mortgage Backed Securities 2006-AR8 3A2, 4.662%, 04/25/2036 | 189,471 | 0.1 | ||||||||||||||
186,577 | (1 | ),(5) | WinWater Mortgage Loan Trust 2015-5 B4, 3.792%, 08/20/2045 | 179,019 | 0.1 | ||||||||||||||
4,041,883 | Other Securities | 1,548,190 | 0.8 | ||||||||||||||||
Total Collateralized Mortgage Obligations (Cost $25,254,840) | 25,878,994 | 12.7 | |||||||||||||||||
STRUCTURED NOTES: 0.0% | |||||||||||||||||||
Russia: 0.0% | |||||||||||||||||||
RUB | 4,421,905 | (2 | ) | Morgan Stanley & Co. International PLC - EM Whole Loan SA / Russian Federation Total Return Linked Bonds, Series 007, Cl. VR, 10.210%, 08/22/2034 | 12,937 | 0.0 | |||||||||||||
Total Structured Notes (Cost $158,222) | 12,937 | 0.0 | |||||||||||||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS(9): 1.0% | |||||||||||||||||||
Federal Home Loan Mortgage Corporation: 0.5%(9) | |||||||||||||||||||
1,022,192 | 4.000%-6.500%, 01/01/2020- 05/01/2046 | 1,048,656 | 0.5 | ||||||||||||||||
Federal National Mortgage Association: 0.5%(9) | |||||||||||||||||||
921,656 | 2.500%-7.500%, 09/01/2019- 05/01/2045 | 971,657 | 0.5 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Government National Mortgage Association: 0.0% | |||||||||||||||||||
55,155 | 5.000%-6.500%, 04/15/2034- 02/20/2035 | $ | 59,878 | 0.0 | |||||||||||||||
Total U.S. Government Agency Obligations (Cost $2,095,642) | 2,080,191 | 1.0 | |||||||||||||||||
FOREIGN GOVERNMENT BONDS: 7.0% | |||||||||||||||||||
Germany: 4.5% | |||||||||||||||||||
EUR | 1,010,000 | (10 | ) | Bundesobligation, - 0.580%, 10/08/2021 | 1,176,115 | 0.6 | |||||||||||||
EUR | 660,000 | Bundesrepublik Deutschland Bundesanleihe, 2.500%, 08/15/2046 | 1,065,534 | 0.5 | |||||||||||||||
EUR | 5,510,000 | Bundesrepublik Deutschland, 0.500%, 02/15/2025 | 6,571,956 | 3.2 | |||||||||||||||
EUR | 330,000 | (10 | ) | Bundesrepublik Deutschland Bundesanleihe, 0.000%-2.000%, 08/15/2023- 08/15/2048 | 402,016 | 0.2 | |||||||||||||
EUR | 10,000 | Other Securities | 11,548 | 0.0 | |||||||||||||||
9,227,169 | 4.5 | ||||||||||||||||||
Spain: 2.5% | |||||||||||||||||||
EUR | 4,390,000 | (1 | ) | Spain Government Bond, 1.400%, 04/30/2028 | 5,054,000 | 2.5 | |||||||||||||
Total Foreign Government Bonds (Cost $14,554,596) | 14,281,169 | 7.0 | |||||||||||||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES: 8.6% | |||||||||||||||||||
United States: 8.6% | |||||||||||||||||||
6,965,010 | (5 | ),(8) | BANK 2017- BNK5 XA, 1.107%, 06/15/2060 | 436,309 | 0.2 | ||||||||||||||
900,000 | (1 | ),(5) | BANK 2017- BNK6 E, 2.655%, 07/15/2060 | 555,150 | 0.3 | ||||||||||||||
1,948,000 | (1 | ),(5),(8) | BANK 2017- BNK6 XE, 1.500%, 07/15/2060 | 195,372 | 0.1 |
See Accompanying Notes to Financial Statements
95
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
8,809,189 | (5 | ),(8) | Banc of America Commercial Mortgage Trust 2017-BNK3 XA, 1.134%, 02/15/2050 | $ | 585,364 | 0.3 | |||||||||||||
2,055,597 | (5 | ),(8) | Barclays Commercial Mortgage Trust 2017-C1 XA, 1.513%, 02/15/2050 | 185,082 | 0.1 | ||||||||||||||
8,020,000 | (1 | ),(5),(8) | BBCCRE Trust 2015-GTP XA, 0.597%, 08/10/2033 | 303,720 | 0.1 | ||||||||||||||
440,000 | (1 | ),(5) | Bear Stearns Commercial Mortgage Securities Trust 2004-PWR6 E, 5.406%, 11/11/2041 | 441,873 | 0.2 | ||||||||||||||
1,856,179 | (5 | ),(8) | CD 2016-CD1 Mortgage Trust XA, 1.425%, 08/10/2049 | 146,084 | 0.1 | ||||||||||||||
8,821,571 | (5 | ),(8) | CFCRE Commercial Mortgage Trust 2016-C7 XA, 0.753%, 12/10/2054 | 416,961 | 0.2 | ||||||||||||||
7,900,000 | (5 | ),(8) | Citigroup Commercial Mortgage Trust 2016-C2 XB, 0.848%, 08/10/2049 | 443,842 | 0.2 | ||||||||||||||
3,229,880 | (5 | ),(8) | Citigroup Commercial Mortgage Trust 2017-C4 XA, 1.119%, 10/12/2050 | 222,077 | 0.1 | ||||||||||||||
210,000 | (5 | ) | Citigroup Commercial Mortgage Trust 2017-P8 C, 4.271%, 09/15/2050 | 204,534 | 0.1 | ||||||||||||||
3,337,176 | (5 | ),(8) | COMM 2012- CR1 XA, 1.868%, 05/15/2045 | 170,109 | 0.1 | ||||||||||||||
9,842,691 | (1 | ),(5),(8) | COMM 2012- LTRT XA, 0.968%, 10/05/2030 | 271,943 | 0.1 | ||||||||||||||
7,921,405 | (5 | ),(8) | COMM 2013- CCRE13 XA, 0.803%, 11/10/2046 | 264,638 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
13,813,711 | (5 | ),(8) | COMM 2014- CR16 XA, 1.127%, 04/10/2047 | $ | 494,869 | 0.2 | |||||||||||||
570,000 | (5 | ) | COMM 2016- COR1 C, 4.392%, 10/10/2049 | 561,334 | 0.3 | ||||||||||||||
4,440,371 | (5 | ),(8) | COMM 2016- CR28 XA, 0.653%, 02/10/2049 | 157,200 | 0.1 | ||||||||||||||
1,000,000 | (5 | ) | COMM 2017- COR2 C, 4.562%, 09/10/2050 | 1,000,255 | 0.5 | ||||||||||||||
4,900,718 | (5 | ),(8) | CSAIL 2017- CX9 XA Commercial Mortgage Trust, 0.895%, 09/15/2050 | 209,895 | 0.1 | ||||||||||||||
300,000 | (1 | ),(10) | DBRR Re-REMIC Trust 2015-FRR1 B711, 0.000%, 08/28/2045 | 290,152 | 0.1 | ||||||||||||||
1,952,949 | (1 | ),(5),(8) | DBUBS 2011- LC1A XA, 0.709%, 11/10/2046 | 17,786 | 0.0 | ||||||||||||||
290,000 | (1 | ),(5) | DBJPM 16-C3 Mortgage Trust, 3.493%, 08/10/2049 | 251,327 | 0.1 | ||||||||||||||
3,840,000 | (5 | ),(8) | Freddie Mac Multifamily Structured Pass Through Certificates K013 X3, 2.814%, 01/25/2043 | 210,989 | 0.1 | ||||||||||||||
10,000,000 | (5 | ),(8) | Freddie Mac Multifamily Structured Pass Through Certificates K035 X3, 1.791%, 12/25/2041 | 761,495 | 0.4 | ||||||||||||||
25,955,743 | (5 | ),(8) | Freddie Mac Multifamily Structured Pass Through Certificates K710 X1, 1.734%, 05/25/2019 | 79,791 | 0.0 | ||||||||||||||
4,423,190 | (5 | ),(8) | Freddie Mac Multifamily Structured Pass Through Certificates K711 X3, 1.617%, 08/25/2040 | 43,914 | 0.0 | ||||||||||||||
39,422,883 | (1 | ),(8) | FREMF Mortgage Trust 2012-K17 X2A, 0.100%, 12/25/2044 | 90,069 | 0.1 |
See Accompanying Notes to Financial Statements
96
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
231,974 | (1 | ),(5) | GCCFC Commercial Mortgage Trust 2004-GG1 F, 6.391%, 06/10/2036 | $ | 232,448 | 0.1 | |||||||||||||
510,000 | (1 | ) | GPT 2018- GPP D Mortgage Trust, 4.305%, (US0001M + 1.850%), 06/15/2035 | 509,097 | 0.3 | ||||||||||||||
450,000 | (1 | ),(5) | GRACE 2014- GRCE F Mortgage Trust, 3.590%, 06/10/2028 | 443,337 | 0.2 | ||||||||||||||
100,000 | (1 | ),(5) | GS Mortgage Securities Trust 2010-C2 F, 4.548%, 12/10/2043 | 93,034 | 0.0 | ||||||||||||||
2,205,297 | (5 | ),(8) | GS Mortgage Securities Trust 2012-GCJ7 XA, 2.210%, 05/10/2045 | 88,244 | 0.0 | ||||||||||||||
4,045,003 | (5 | ),(8) | GS Mortgage Securities Trust 2013-GC16 XA, 1.045%, 11/10/2046 | 168,625 | 0.1 | ||||||||||||||
4,538,697 | (5 | ),(8) | GS Mortgage Securities Trust 2013-GCJ14 XA, 0.610%, 08/10/2046 | 110,316 | 0.1 | ||||||||||||||
1,350,000 | (1 | ),(5) | GS Mortgage Securities Trust 2016-GS4 E, 3.802%, 11/10/2049 | 952,962 | 0.5 | ||||||||||||||
2,320,873 | (5 | ),(8) | GS Mortgage Securities Trust 2017-GS6 XA, 1.048%, 05/10/2050 | 164,386 | 0.1 | ||||||||||||||
2,940,000 | (1 | ),(5),(8) | JP Morgan Chase Commercial Mortgage Securities Corp. 2012-LC9 XB, 0.327%, 12/15/2047 | 36,910 | 0.0 | ||||||||||||||
222,412 | (5 | ) | JP Morgan Chase Commercial Mortgage Securities Trust 2004-CIBC9 E, 5.354%, 06/12/2041 | 223,872 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
6,255,137 | (5 | ),(8) | JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX XA, 2.066%, 06/15/2045 | $ | 212,468 | 0.1 | |||||||||||||
250,000 | (5 | ) | JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 C, 4.119%, 12/15/2047 | 244,717 | 0.1 | ||||||||||||||
660,000 | (5 | ) | JPMBB Commercial Mortgage Securities Trust 2014-C18 AS, 4.439%, 02/15/2047 | 678,970 | 0.4 | ||||||||||||||
3,116,426 | (1 | ),(5),(8) | LSTAR Commercial Mortgage Trust 2017-5 X, 1.112%, 03/10/2050 | 141,488 | 0.1 | ||||||||||||||
18,750,000 | (1 | ),(5),(8) | Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19 XB, 0.437%, 12/15/2047 | 484,781 | 0.3 | ||||||||||||||
570,000 | (1 | ),(5) | Morgan Stanley Capital I Trust 2011-C1 D, 5.375%, 09/15/2047 | 589,932 | 0.3 | ||||||||||||||
460,000 | (1 | ),(5) | Morgan Stanley Capital I Trust 2011-C1 E, 5.375%, 09/15/2047 | 476,024 | 0.2 | ||||||||||||||
11,541 | (1 | ) | Morgan Stanley Reremic Trust 2012-XA B, 0.250%, 07/27/2049 | 11,440 | 0.0 | ||||||||||||||
4,845,534 | (1 | ),(5),(8) | UBS-Barclays Commercial Mortgage Trust 2012-C3 XA, 1.836%, 08/10/2049 | 274,074 | 0.1 | ||||||||||||||
7,065,371 | (5 | ),(8) | Wells Fargo Commercial Mortgage Trust 2016-C37, 1.012%, 12/15/2049 | 334,584 | 0.2 | ||||||||||||||
3,302,879 | (1 | ),(5),(8) | WFRBS Commercial Mortgage Trust 2012-C8 XA, 1.836%, 08/15/2045 | 172,095 | 0.1 |
See Accompanying Notes to Financial Statements
97
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
550,000 | (1 | ),(5) | WFRBS Commercial Mortgage Trust 2013-C11 F, 4.266%, 03/15/2045 | $ | 444,635 | 0.2 | |||||||||||||
645,186 | (1 | ),(5) | WFRBS Commercial Mortgage Trust 2013-C11 G, 4.266%, 03/15/2045 | 310,670 | 0.1 | ||||||||||||||
530,000 | (1 | ),(5) | WFRBS Commercial Mortgage Trust 2013-C14 D, 3.979%, 06/15/2046 | 482,270 | 0.2 | ||||||||||||||
9,855,238 | (5 | ),(8) | WFRBS Commercial Mortgage Trust 2014-C19 XA, 1.083%, 03/15/2047 | 386,032 | 0.2 | ||||||||||||||
360,000 | Other Securities | 354,783 | 0.2 | ||||||||||||||||
Total Commercial Mortgage-Backed Securities (Cost $17,653,056) | 17,634,328 | 8.6 | |||||||||||||||||
U.S. TREASURY OBLIGATIONS: 11.0% | |||||||||||||||||||
U.S. Treasury Bonds: 1.6% | |||||||||||||||||||
3,257,000 | 3.000%, 08/15/2048 | 3,248,165 | 1.6 | ||||||||||||||||
U.S. Treasury Notes: 9.4% | |||||||||||||||||||
5,150,000 | 1.500%, 10/31/2019 | 5,103,006 | 2.5 | ||||||||||||||||
6,230,000 | 2.500%, 12/31/2020 | 6,229,173 | 3.0 | ||||||||||||||||
1,369,000 | 2.625%, 12/15/2021 | 1,375,246 | 0.7 | ||||||||||||||||
1,990,000 | 2.625%, 12/31/2023 | 2,000,471 | 1.0 | ||||||||||||||||
4,282,700 | 3.125%, 11/15/2028 | 4,446,001 | 2.2 | ||||||||||||||||
19,153,897 | 9.4 | ||||||||||||||||||
Total U.S. Treasury Obligations (Cost $21,936,792) | 22,402,062 | 11.0 | |||||||||||||||||
ASSET-BACKED SECURITIES: 5.8% | |||||||||||||||||||
Cayman Islands: 0.2% | |||||||||||||||||||
500,000 | (1 | ) | AMMC CLO 16 Ltd. 2015-16A CR, 4.786%, (US0003M + 2.350%), 04/14/2029 | 485,063 | 0.2 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States: 5.6% | |||||||||||||||||||
500,000 | (1 | ) | Apidos CLO XXIX 2018-29A B, 4.292%, (US0003M + 1.900%), 07/25/2030 | $ | 470,198 | 0.2 | |||||||||||||
250,000 | (1 | ) | ArrowMark Colorado Holdings 2017-7A C, 4.336%, (US0003M + 1.900%), 07/15/2030 | 232,082 | 0.1 | ||||||||||||||
250,000 | (1 | ) | Avery Point IV CLO Ltd. 2014-1A CR, 4.840%, (US0003M + 2.350%), 04/25/2026 | 248,195 | 0.1 | ||||||||||||||
250,000 | (1 | ) | Babson CLO Ltd. 2014-IA BR, 4.669%, (US0003M + 2.200%), 07/20/2025 | 249,963 | 0.1 | ||||||||||||||
412,500 | (1 | ) | BlueMountain CLO 2013-2A CR, 4.419%, (US0003M + 1.950%), 10/22/2030 | 391,063 | 0.2 | ||||||||||||||
640,000 | (1 | ) | Bristol Park CLO Ltd. 2016-1A B, 4.336%, (US0003M + 1.900%), 04/15/2029 | 638,182 | 0.3 | ||||||||||||||
500,000 | (1 | ) | Burnham Park Clo Ltd. 2016-1A CR, 4.619%, (US0003M + 2.150%), 10/20/2029 | 485,478 | 0.3 | ||||||||||||||
250,000 | (1 | ) | Cedar Funding II CLO Ltd. 2013-1A CR, 5.117%, (US0003M + 2.350%), 06/09/2030 | 242,939 | 0.1 | ||||||||||||||
500,000 | (1 | ) | Cedar Funding IV CLO Ltd. 2014-4A CR, 4.727%, (US0003M + 2.250%), 07/23/2030 | 479,942 | 0.3 |
See Accompanying Notes to Financial Statements
98
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
400,000 | (1 | ) | CIFC Funding 2013-IA BR Ltd., 4.836%, (US0003M + 2.400%), 07/16/2030 | $ | 387,377 | 0.2 | |||||||||||||
313,104 | (5 | ) | Citigroup Mortgage Loan Trust 2006- WF1 A2E, 4.953%, 03/25/2036 | 206,728 | 0.1 | ||||||||||||||
1,040,000 | (1 | ) | Invitation Homes 2018-SFR1 D Trust, 3.905%, (US0001M + 1.450%), 03/17/2037 | 1,031,476 | 0.5 | ||||||||||||||
500,000 | (1 | ) | LCM XXIV Ltd. 24A C, 4.719%, (US0003M + 2.250%), 03/20/2030 | 484,132 | 0.3 | ||||||||||||||
250,000 | (1 | ) | Madison Park Funding XI Ltd. 2013-11A CR, 4.677%, (US0003M + 2.200%), 07/23/2029 | 243,571 | 0.1 | ||||||||||||||
250,000 | (1 | ) | Madison Park Funding XXVII Ltd. 2018-27A B, 4.269%, (US0003M + 1.800%), 04/20/2030 | 233,994 | 0.1 | ||||||||||||||
400,000 | (1 | ) | Madison Park Funding XXXI Ltd. 2018-31A C, 4.926%, (US0003M + 2.150%), 01/23/2031 | 382,650 | 0.2 | ||||||||||||||
200,000 | (1 | ),(5) | Mill City Mortgage Loan Trust 2017-2 M2, 3.250%, 07/25/2059 | 191,696 | 0.1 | ||||||||||||||
250,000 | (1 | ) | Octagon Investment Partners XIX Ltd. 2014-1A CR, 4.536%, (US0003M + 2.100%), 04/15/2026 | 249,948 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
640,000 | (1 | ) | OHA Loan Funding Ltd. 2016-1A B1, 4.269%, (US0003M + 1.800%), 01/20/2028 | $ | 635,471 | 0.3 | |||||||||||||
250,000 | (1 | ) | Palmer Square CLO 2015-2A BR Ltd., 4.869%, (US0003M + 2.400%), 07/20/2030 | 242,169 | 0.1 | ||||||||||||||
575,000 | (1 | ) | Palmer Square Loan Funding 2017-1A D Ltd., 7.286%, (US0003M + 4.850%), 10/15/2025 | 545,573 | 0.3 | ||||||||||||||
250,000 | (1 | ) | Palmer Square Loan Funding 2018-1A C Ltd., 4.286%, (US0003M + 1.850%), 04/15/2026 | 235,424 | 0.1 | ||||||||||||||
1,060,000 | (1 | ) | Progress Residential 2018-SFR2 E Trust, 4.656%, 08/17/2035 | 1,055,918 | 0.5 | ||||||||||||||
266,000 | (1 | ) | Recette CLO Ltd. 2015-1A CR, 4.169%, (US0003M + 1.700%), 10/20/2027 | 254,450 | 0.1 | ||||||||||||||
250,000 | (1 | ) | Thacher Park CLO Ltd. 2014-1A CR, 4.669%, (US0003M + 2.200%), 10/20/2026 | 244,788 | 0.1 | ||||||||||||||
250,000 | (1 | ) | THL Credit Wind River 2013-2A CR CLO Ltd., 4.445%, (US0003M + 2.000%), 10/18/2030 | 235,384 | 0.1 | ||||||||||||||
560,000 | (1 | ) | THL Credit Wind River 2017-3A C CLO Ltd., 4.636%, (US0003M + 2.200%), 10/15/2030 | 535,202 | 0.3 |
See Accompanying Notes to Financial Statements
99
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
250,000 | (1 | ) | THL Credit Wind River 2017-4A C CLO Ltd., 4.395%, (US0003M + 1.750%), 11/20/2030 | $ | 231,679 | 0.1 | |||||||||||||
300,000 | (1 | ),(5) | Towd Point Mortgage Trust 2017-6 M2, 3.250%, 10/25/2057 | 267,936 | 0.2 | ||||||||||||||
11,333,608 | 5.6 | ||||||||||||||||||
Total Asset-Backed Securities (Cost $12,190,346) | 11,818,671 | 5.8 | |||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 0.0% | |||||||||||||||||||
United States: 0.0% | |||||||||||||||||||
48,209 | (4 | ),(7),(11) | Other Securities | $ | 45,593 | 0.0 | |||||||||||||
Total Common Stock (Cost $1,305,735) | 45,593 | 0.0 | |||||||||||||||||
MUTUAL FUNDS: 24.5% | |||||||||||||||||||
United States: 24.5% | |||||||||||||||||||
1,123,275 | Voya Emerging Markets Corporate Debt Fund - Class P | 10,570,022 | 5.2 | ||||||||||||||||
1,708,565 | Voya Emerging Markets Hard Currency Debt Fund - Class P | 15,377,081 | 7.5 | ||||||||||||||||
1,769,764 | Voya Emerging Markets Local Currency Debt Fund - Class P | 12,193,671 | 6.0 | ||||||||||||||||
1,612,471 | Voya High Yield Bond Fund - Class P | 11,948,411 | 5.8 | ||||||||||||||||
Total Mutual Funds (Cost $56,555,167) | 50,089,185 | 24.5 | |||||||||||||||||
Value | Percentage of Net Assets | ||||||||||||||||||
PURCHASED OPTIONS(12): 0.0% | |||||||||||||||||||
Total Purchased Options (Cost $303,834) | $ | 11,392 | 0.0 | ||||||||||||||||
Total Long-Term Investments (Cost $200,846,555) | 191,286,836 | 93.6 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 3.7% | |||||||||||||||||||
Commercial Paper: 0.9% | |||||||||||||||||||
2,000,000 | Concord Minutemen, 2.500%, 01/03/2019 (Cost $1,999,724) | $ | 1,999,589 | 0.9 | |||||||||||||||
Securities Lending Collateral(13): 0.4% | |||||||||||||||||||
715,985 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $716,102, collateralized by various U.S. Government and U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $730,425, due 11/15/23-05/15/58) (Cost $715,985) | 715,985 | 0.4 | ||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 2.4% | |||||||||||||||||||
4,912,000 | (14 | ) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 2.340% (Cost $4,912,000) | $ | 4,912,000 | 2.4 | |||||||||||||
Total Short-Term Investments (Cost $7,627,709) | 7,627,574 | 3.7 | |||||||||||||||||
Total Investments in Securities (Cost $208,474,264) | $ | 198,914,410 | 97.3 | ||||||||||||||||
Assets in Excess of Other Liabilities | 5,569,072 | 2.7 | |||||||||||||||||
Net Assets | $ | 204,483,482 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
See Accompanying Notes to Financial Statements
100
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
(1) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(2) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(3) The grouping contains securities in default.
(4) The grouping contains Level 3 securities.
(5) Variable rate security. Rate shown is the rate in effect as of December 31, 2018.
(6) Security, or a portion of the security, is on loan.
(7) The grouping contains securities on loan.
(8) Interest only securities represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. Principal amount shown represents the notional amount on which current interest is calculated. Payments of principal on the pool reduce the value of the interest only security.
(9) The Federal Housing Finance Agency ("FHFA") placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
(10) Represents a zero coupon bond. Rate shown reflects the effective yield as of December 31, 2018.
(11) The grouping contains non-income producing securities.
(12) The tables below the Portfolio of Investments detail open purchased options which are non-income producing securities.
(13) Represents securities purchased with cash collateral received for securities on loan.
(14) Rate shown is the 7-day yield as of December 31, 2018.
EUR EU Euro
MXN Mexican Peso
RUB Russian Ruble
ZAR South African Rand
Reference Rate Abbreviations:
12MTA 12-month Treasury Average
US0001M 1-month LIBOR
US0003M 3-month LIBOR
US0012M 12-month LIBOR
Sector Diversification | Percentage of Net Assets | ||||||
Affiliated Investment Companies | 24.5 | % | |||||
Collateralized Mortgage Obligations | 12.7 | ||||||
U.S. Treasury Obligations | 11.0 | ||||||
Commercial Mortgage-Backed Securities | 8.6 | ||||||
Financial | 8.1 | ||||||
Foreign Government Bonds | 7.0 | ||||||
Other Asset-Backed Securities | 5.8 | ||||||
Consumer, Non-cyclical | 3.4 | ||||||
Energy | 3.1 | ||||||
Communications | 3.0 | ||||||
Consumer, Cyclical | 1.7 | ||||||
Utilities | 1.5 | ||||||
U.S. Government Agency Obligations | 1.0 | ||||||
Technology | 0.9 | ||||||
Industrial | 0.7 | ||||||
Basic Materials | 0.6 | ||||||
Structured Notes | 0.0 | ||||||
Purchased Options | 0.0 | ||||||
Materials | 0.0 | ||||||
Communication Services | 0.0 | ||||||
Short-Term Investments | 3.7 | ||||||
Assets in Excess of Other Liabilities | 2.7 | ||||||
Net Assets | 100.0 | % |
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
United States | $ | 45,593 | $ | — | $ | — | $ | 45,593 | |||||||||||
Total Common Stock | 45,593 | — | — | 45,593 | |||||||||||||||
Mutual Funds | 50,089,185 | — | — | 50,089,185 | |||||||||||||||
Purchased Options | — | 11,392 | — | 11,392 | |||||||||||||||
Corporate Bonds/Notes | — | 47,028,594 | 3,720 | 47,032,314 | |||||||||||||||
Collateralized Mortgage Obligations | — | 25,878,994 | — | 25,878,994 | |||||||||||||||
Structured Notes | — | — | 12,937 | 12,937 | |||||||||||||||
Asset-Backed Securities | — | 11,818,671 | — | 11,818,671 | |||||||||||||||
U.S. Government Agency Obligations | — | 2,080,191 | — | 2,080,191 | |||||||||||||||
Foreign Government Bonds | — | 14,281,169 | — | 14,281,169 | |||||||||||||||
U.S. Treasury Obligations | — | 22,402,062 | — | 22,402,062 | |||||||||||||||
Commercial Mortgage-Backed Securities | — | 17,634,328 | — | 17,634,328 | |||||||||||||||
Short-Term Investments | 4,912,000 | 2,715,574 | — | 7,627,574 | |||||||||||||||
Total Investments, at fair value | $ | 55,046,778 | $ | 143,850,975 | $ | 16,657 | $ | 198,914,410 | |||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Centrally Cleared Swaps | — | 6,126,101 | — | 6,126,101 | |||||||||||||||
Forward Foreign Currency Contracts | — | 2,004,818 | — | 2,004,818 | |||||||||||||||
Forward Premium Swaptions | — | 330,710 | — | 330,710 | |||||||||||||||
Futures | 784,711 | — | — | 784,711 | |||||||||||||||
Total Assets | $ | 55,831,489 | $ | 152,312,604 | $ | 16,657 | $ | 208,160,750 |
See Accompanying Notes to Financial Statements
101
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at December 31, 2018 | ||||||||||||||||
Liabilities Table | |||||||||||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Centrally Cleared Swaps | $ | — | $ | (1,392,283 | ) | $ | — | $ | (1,392,283 | ) | |||||||||
Forward Foreign Currency Contracts | — | (1,383,069 | ) | — | (1,383,069 | ) | |||||||||||||
Futures | (625,910 | ) | — | — | (625,910 | ) | |||||||||||||
Written Options | — | (1,858,642 | ) | — | (1,858,642 | ) | |||||||||||||
Total Liabilities | $ | (625,910 | ) | $ | (4,633,994 | ) | $ | — | $ | (5,259,904 | ) |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
+ 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument.
Transactions with Affiliates
An investment of at least 5% of the voting securities of an issuer, or a company which is under common control results in that issuer becoming an affiliated person as defined by the 1940 Act.
The following table provides transactions during the year ended December 31, 2018, where the following issuers were considered an affiliate:
Issuer | Beginning Fair Value at 12/31/17 | Purchases at Cost | Sales at Cost | Change in Unrealized Appreciation/ (Depreciation) | Ending Fair Value at 12/31/18 | Investment Income | Realized Gains/ (Losses) | Net Capital Gain Distributions | |||||||||||||||||||||||||||
Voya Emerging Markets Corporate Debt Fund — Class P | $ | 10,763,054 | $ | 543,625 | $ | — | $ | (736,657 | ) | $ | 10,570,022 | $ | 543,638 | $ | — | $ | — | ||||||||||||||||||
Voya Emerging Markets Hard Currency Debt Fund — Class P | 16,140,338 | 791,722 | — | (1,554,979 | ) | 15,377,081 | 791,740 | — | — | ||||||||||||||||||||||||||
Voya Emerging Markets Local Currency Debt Fund — Class P | 24,241,904 | 485,047 | (14,350,397 | ) | 1,817,117 | 12,193,671 | 485,058 | (4,350,397 | ) | — | |||||||||||||||||||||||||
Voya High Yield Bond Fund — Class P | 2,890,039 | 9,561,665 | — | (503,293 | ) | 11,948,411 | 227,671 | — | — | ||||||||||||||||||||||||||
$ | 54,035,335 | $ | 11,382,059 | $ | (14,350,397 | ) | $ | (977,812 | ) | $ | 50,089,185 | $ | 2,048,107 | $ | (4,350,397 | ) | $ | — |
The financial statements for the above mutual fund[s] can be found at www.sec.gov.
At December 31, 2018, the following forward foreign currency contracts were outstanding for Voya Global Bond Portfolio:
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
USD | 33,571 | MYR | 138,881 | Barclays Bank PLC | 01/11/19 | $ | (47 | ) | |||||||||||||||||||
USD | 824,500 | CLP | 565,235,975 | Barclays Bank PLC | 01/11/19 | 9,836 | |||||||||||||||||||||
USD | 522,605 | IDR | 7,931,527,457 | Barclays Bank PLC | 01/11/19 | (28,128 | ) | ||||||||||||||||||||
USD | 888,183 | COP | 2,666,841,233 | Barclays Bank PLC | 01/11/19 | 67,340 | |||||||||||||||||||||
USD | 41,000 | COP | 133,218,840 | Barclays Bank PLC | 01/11/19 | (4 | ) | ||||||||||||||||||||
MYR | 138,881 | USD | 33,246 | Barclays Bank PLC | 01/11/19 | 370 | |||||||||||||||||||||
USD | 226,232 | ILS | 848,978 | Barclays Bank PLC | 01/11/19 | (972 | ) | ||||||||||||||||||||
CLP | 210,193,578 | USD | 306,534 | Barclays Bank PLC | 01/11/19 | (3,586 | ) | ||||||||||||||||||||
USD | 145,000 | MXN | 2,771,215 | Barclays Bank PLC | 01/11/19 | 4,173 | |||||||||||||||||||||
ILS | 3,415,558 | USD | 945,000 | Barclays Bank PLC | 01/11/19 | (30,927 | ) | ||||||||||||||||||||
CLP | 240,532,160 | USD | 352,000 | Barclays Bank PLC | 01/11/19 | (5,325 | ) | ||||||||||||||||||||
USD | 824,500 | CLP | 563,347,870 | Barclays Bank PLC | 01/11/19 | 12,557 | |||||||||||||||||||||
EUR | 1,405,626 | USD | 1,606,000 | Barclays Bank PLC | 02/08/19 | 9,549 | |||||||||||||||||||||
CHF | 3,343,589 | USD | 3,387,000 | Barclays Bank PLC | 02/08/19 | 26,279 | |||||||||||||||||||||
USD | 291,000 | AUD | 402,090 | Barclays Bank PLC | 02/08/19 | 7,578 | |||||||||||||||||||||
EUR | 180,000 | USD | 205,321 | Barclays Bank PLC | 02/08/19 | 1,562 | |||||||||||||||||||||
GBP | 124,762 | USD | 158,000 | Barclays Bank PLC | 02/08/19 | 1,317 | |||||||||||||||||||||
USD | 749,000 | EUR | 655,923 | Barclays Bank PLC | 02/08/19 | (4,882 | ) | ||||||||||||||||||||
USD | 444,000 | CAD | 591,868 | Barclays Bank PLC | 02/08/19 | 10,048 | |||||||||||||||||||||
USD | 2,808,778 | NZD | 4,076,999 | Barclays Bank PLC | 02/08/19 | 70,474 | |||||||||||||||||||||
GBP | 1,132,365 | USD | 1,422,000 | Barclays Bank PLC | 02/08/19 | 23,989 | |||||||||||||||||||||
AUD | 2,031,288 | USD | 1,465,670 | Barclays Bank PLC | 02/08/19 | (33,875 | ) | ||||||||||||||||||||
EUR | 27,742,477 | USD | 31,849,271 | Barclays Bank PLC | 02/08/19 | 36,390 |
See Accompanying Notes to Financial Statements
102
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
AUD | 1,092,711 | USD | 772,000 | Barclays Bank PLC | 02/08/19 | $ | (1,780 | ) | |||||||||||||||||||
USD | 774,000 | EUR | 674,098 | Barclays Bank PLC | 02/08/19 | (771 | ) | ||||||||||||||||||||
USD | 460,000 | NOK | 3,927,424 | Barclays Bank PLC | 02/08/19 | 4,997 | |||||||||||||||||||||
USD | 590,000 | CAD | 804,340 | Barclays Bank PLC | 02/08/19 | 265 | |||||||||||||||||||||
ILS | 848,978 | USD | 227,722 | Barclays Bank PLC | 04/05/19 | 970 | |||||||||||||||||||||
USD | 33,198 | MYR | 138,881 | Barclays Bank PLC | 04/05/19 | (444 | ) | ||||||||||||||||||||
USD | 306,695 | CLP | 210,193,578 | Barclays Bank PLC | 04/05/19 | 3,577 | |||||||||||||||||||||
HUF | 28,941,142 | USD | 102,000 | BNP Paribas | 01/11/19 | 1,346 | |||||||||||||||||||||
ZAR | 1,486,100 | USD | 103,000 | BNP Paribas | 01/11/19 | 186 | |||||||||||||||||||||
USD | 1,374,000 | PLN | 5,103,313 | BNP Paribas | 01/11/19 | 10,117 | |||||||||||||||||||||
USD | 1,590,000 | ILS | 5,746,460 | BNP Paribas | 01/11/19 | 52,130 | |||||||||||||||||||||
RON | 1,468,543 | USD | 360,981 | Citibank N.A. | 01/11/19 | 486 | |||||||||||||||||||||
PLN | 2,453,911 | USD | 655,645 | Citibank N.A. | 01/11/19 | 173 | |||||||||||||||||||||
PLN | 853,154 | USD | 226,000 | Citibank N.A. | 01/11/19 | 2,009 | |||||||||||||||||||||
SGD | 648,988 | USD | 476,676 | Citibank N.A. | 01/11/19 | (427 | ) | ||||||||||||||||||||
USD | 223,000 | ZAR | 3,110,502 | Citibank N.A. | 01/11/19 | 7,025 | |||||||||||||||||||||
ZAR | 17,475,120 | USD | 1,227,734 | Citibank N.A. | 01/11/19 | (14,367 | ) | ||||||||||||||||||||
PEN | 1,196,894 | USD | 358,609 | Citibank N.A. | 01/11/19 | (3,402 | ) | ||||||||||||||||||||
CZK | 7,343,724 | USD | 327,022 | Citibank N.A. | 01/11/19 | 11 | |||||||||||||||||||||
THB | 11,123,756 | USD | 340,798 | �� | Citibank N.A. | 01/11/19 | 878 | ||||||||||||||||||||
TRY | 3,461,854 | USD | 650,194 | Citibank N.A. | 01/11/19 | 777 | |||||||||||||||||||||
COP | 2,800,060,073 | USD | 865,245 | Citibank N.A. | 01/11/19 | (3,397 | ) | ||||||||||||||||||||
CZK | 4,574,839 | USD | 207,000 | Citibank N.A. | 01/11/19 | (3,272 | ) | ||||||||||||||||||||
USD | 331,000 | ILS | 1,192,964 | Citibank N.A. | 01/11/19 | 11,738 | |||||||||||||||||||||
USD | 52,000 | TRY | 317,368 | Citibank N.A. | 01/11/19 | (7,678 | ) | ||||||||||||||||||||
USD | 102,000 | TRY | 549,774 | Citibank N.A. | 01/11/19 | (1,380 | ) | ||||||||||||||||||||
USD | 523,000 | CZK | 11,542,458 | Citibank N.A. | 01/11/19 | 8,988 | |||||||||||||||||||||
USD | 301,000 | RUB | 19,895,739 | Citibank N.A. | 01/11/19 | 15,792 | |||||||||||||||||||||
USD | 1,392,216 | RON | 5,505,239 | Citibank N.A. | 01/11/19 | 37,155 | |||||||||||||||||||||
BRL | 552,238 | USD | 142,000 | Citibank N.A. | 01/11/19 | 417 | |||||||||||||||||||||
PLN | 1,403,836 | USD | 386,178 | Citibank N.A. | 01/11/19 | (10,997 | ) | ||||||||||||||||||||
USD | 1,333,000 | GBP | 1,058,782 | Citibank N.A. | 02/08/19 | (19,026 | ) | ||||||||||||||||||||
USD | 1,146,000 | JPY | 128,990,769 | Citibank N.A. | 02/08/19 | (34,288 | ) | ||||||||||||||||||||
AUD | 5,936,914 | USD | 4,269,000 | Citibank N.A. | 02/08/19 | (84,244 | ) | ||||||||||||||||||||
USD | 1,255,000 | NZD | 1,824,591 | Citibank N.A. | 02/08/19 | 29,519 | |||||||||||||||||||||
USD | 341,537 | THB | 11,123,756 | Citibank N.A. | 04/05/19 | (1,046 | ) | ||||||||||||||||||||
USD | 621,777 | TRY | 3,461,854 | Citibank N.A. | 04/05/19 | (1,421 | ) | ||||||||||||||||||||
USD | 862,334 | COP | 2,800,060,073 | Citibank N.A. | 04/05/19 | 3,886 | |||||||||||||||||||||
USD | 357,559 | PEN | 1,196,894 | Citibank N.A. | 04/05/19 | 3,319 | |||||||||||||||||||||
USD | 657,113 | PLN | 2,453,911 | Citibank N.A. | 04/05/19 | (97 | ) | ||||||||||||||||||||
USD | 360,335 | RON | 1,468,543 | Citibank N.A. | 04/05/19 | (558 | ) | ||||||||||||||||||||
USD | 1,215,091 | ZAR | 17,475,120 | Citibank N.A. | 04/05/19 | 13,926 | |||||||||||||||||||||
USD | 327,770 | CZK | 7,343,724 | Citibank N.A. | 04/05/19 | (53 | ) | ||||||||||||||||||||
DKK | 3,990,757 | USD | 613,754 | Deutsche Bank AG | 02/08/19 | 693 | |||||||||||||||||||||
USD | 244,000 | PLN | 922,671 | Goldman Sachs International | 01/11/19 | (2,588 | ) | ||||||||||||||||||||
USD | 284,000 | RUB | 19,148,091 | Goldman Sachs International | 01/11/19 | 9,510 | |||||||||||||||||||||
USD | 570,000 | TRY | 3,413,119 | Goldman Sachs International | 01/11/19 | (71,807 | ) | ||||||||||||||||||||
USD | 62,000 | HUF | 17,352,253 | Goldman Sachs International | 01/11/19 | 37 | |||||||||||||||||||||
CZK | 1,012,709 | USD | 47,015 | Goldman Sachs International | 01/11/19 | (1,917 | ) | ||||||||||||||||||||
CLP | 663,822,127 | USD | 998,403 | Goldman Sachs International | 01/11/19 | (41,648 | ) | ||||||||||||||||||||
USD | 33,453 | PHP | 1,835,581 | Goldman Sachs International | 01/11/19 | (1,464 | ) | ||||||||||||||||||||
MXN | 12,419,047 | USD | 623,166 | Goldman Sachs International | 01/11/19 | 7,941 | |||||||||||||||||||||
HUF | 89,321,873 | USD | 318,667 | Goldman Sachs International | 01/11/19 | 292 | |||||||||||||||||||||
USD | 175,000 | RUB | 11,623,002 | Goldman Sachs International | 01/11/19 | 8,383 | |||||||||||||||||||||
PHP | 1,835,581 | USD | 34,574 | Goldman Sachs International | 01/11/19 | 343 | |||||||||||||||||||||
TRY | 2,866,301 | USD | 504,000 | Goldman Sachs International | 01/11/19 | 34,983 | |||||||||||||||||||||
RUB | 42,224,719 | USD | 622,299 | Goldman Sachs International | 01/11/19 | (17,003 | ) | ||||||||||||||||||||
BRL | 4,461,349 | USD | 1,161,507 | Goldman Sachs International | 01/11/19 | (10,967 | ) | ||||||||||||||||||||
USD | 1,113,455 | BRL | 4,549,910 | Goldman Sachs International | 01/11/19 | (59,924 | ) | ||||||||||||||||||||
USD | 41,000 | IDR | 632,999,000 | Goldman Sachs International | 01/11/19 | (2,953 | ) | ||||||||||||||||||||
USD | 354,000 | RON | 1,441,067 | Goldman Sachs International | 01/11/19 | (705 | ) | ||||||||||||||||||||
USD | 21,000 | ZAR | 303,865 | Goldman Sachs International | 01/11/19 | (99 | ) | ||||||||||||||||||||
ILS | 955,265 | USD | 269,956 | Goldman Sachs International | 01/11/19 | (14,308 | ) | ||||||||||||||||||||
RON | 5,477,763 | USD | 1,353,000 | Goldman Sachs International | 01/11/19 | (4,702 | ) | ||||||||||||||||||||
ILS | 3,417,579 | USD | 945,000 | Goldman Sachs International | 01/11/19 | (30,386 | ) | ||||||||||||||||||||
USD | 202,739 | HUF | 55,098,414 | Goldman Sachs International | 01/11/19 | 5,988 | |||||||||||||||||||||
USD | 435,857 | RUB | 29,035,176 | Goldman Sachs International | 01/11/19 | 19,634 | |||||||||||||||||||||
USD | 307,797 | TRY | 2,047,895 | Goldman Sachs International | 01/11/19 | (77,292 | ) | ||||||||||||||||||||
USD | 1,077,235 | ZAR | 15,546,853 | Goldman Sachs International | 01/11/19 | (2,245 | ) |
See Accompanying Notes to Financial Statements
103
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
NOK | 42,403,736 | USD | 4,965,000 | Goldman Sachs International | 02/08/19 | $ | (52,412 | ) | |||||||||||||||||||
USD | 3,194,000 | CHF | 3,142,873 | Goldman Sachs International | 02/08/19 | (14,378 | ) | ||||||||||||||||||||
USD | 208,000 | NOK | 1,779,170 | Goldman Sachs International | 02/08/19 | 1,878 | |||||||||||||||||||||
CHF | 209,263 | USD | 212,000 | Goldman Sachs International | 02/08/19 | 1,625 | |||||||||||||||||||||
NZD | 1,052,184 | USD | 721,000 | Goldman Sachs International | 02/08/19 | (14,304 | ) | ||||||||||||||||||||
CAD | 3,910,166 | USD | 2,922,000 | Goldman Sachs International | 02/08/19 | (55,099 | ) | ||||||||||||||||||||
NZD | 1,847,136 | USD | 1,266,000 | Goldman Sachs International | 02/08/19 | (25,377 | ) | ||||||||||||||||||||
USD | 374,000 | EUR | 324,686 | Goldman Sachs International | 02/08/19 | 824 | |||||||||||||||||||||
USD | 34,354 | PHP | 1,835,581 | Goldman Sachs International | 04/05/19 | (428 | ) | ||||||||||||||||||||
USD | 1,154,086 | BRL | 4,461,349 | Goldman Sachs International | 04/05/19 | 10,821 | |||||||||||||||||||||
USD | 615,002 | MXN | 12,419,047 | Goldman Sachs International | 04/05/19 | (7,795 | ) | ||||||||||||||||||||
USD | 615,773 | RUB | 42,224,719 | Goldman Sachs International | 04/05/19 | 17,071 | |||||||||||||||||||||
USD | 320,416 | HUF | 89,321,873 | Goldman Sachs International | 04/05/19 | (434 | ) | ||||||||||||||||||||
USD | 2,613,948 | KRW | 2,933,398,270 | HSBC Bank USA N.A. | 01/11/19 | (16,935 | ) | ||||||||||||||||||||
USD | 473,752 | SGD | 648,988 | HSBC Bank USA N.A. | 01/11/19 | (2,497 | ) | ||||||||||||||||||||
KRW | 2,956,829,125 | USD | 2,649,417 | HSBC Bank USA N.A. | 01/11/19 | 2,480 | |||||||||||||||||||||
USD | 28,486 | HKD | 222,909 | HSBC Bank USA N.A. | 01/11/19 | 12 | |||||||||||||||||||||
IDR | 8,564,526,457 | USD | 588,951 | HSBC Bank USA N.A. | 01/11/19 | 5,735 | |||||||||||||||||||||
USD | 166,000 | HUF | 45,812,348 | HSBC Bank USA N.A. | 01/11/19 | 2,409 | |||||||||||||||||||||
USD | 392,307 | MXN | 7,511,252 | HSBC Bank USA N.A. | 01/11/19 | 10,603 | |||||||||||||||||||||
USD | 344,379 | THB | 11,123,756 | HSBC Bank USA N.A. | 01/11/19 | 2,703 | |||||||||||||||||||||
NZD | 396,933 | USD | 270,000 | HSBC Bank USA N.A. | 02/08/19 | (3,401 | ) | ||||||||||||||||||||
CHF | 302,223 | USD | 306,000 | HSBC Bank USA N.A. | 02/08/19 | 2,523 | |||||||||||||||||||||
NZD | 1,798,752 | USD | 1,238,000 | HSBC Bank USA N.A. | 02/08/19 | (29,874 | ) | ||||||||||||||||||||
USD | 4,299,000 | AUD | 5,964,807 | HSBC Bank USA N.A. | 02/08/19 | 94,582 | |||||||||||||||||||||
NZD | 3,491,847 | USD | 2,378,000 | HSBC Bank USA N.A. | 02/08/19 | (32,713 | ) | ||||||||||||||||||||
HKD | 222,909 | USD | 28,538 | HSBC Bank USA N.A. | 03/22/19 | (5 | ) | ||||||||||||||||||||
USD | 583,494 | IDR | 8,564,526,457 | HSBC Bank USA N.A. | 03/22/19 | (5,009 | ) | ||||||||||||||||||||
SGD | 648,988 | USD | 474,768 | HSBC Bank USA N.A. | 04/05/19 | 2,426 | |||||||||||||||||||||
KRW | 2,933,398,270 | USD | 2,623,134 | HSBC Bank USA N.A. | 04/05/19 | 19,673 | |||||||||||||||||||||
USD | 361,130 | PEN | 1,196,894 | JPMorgan Chase Bank N.A. | 01/11/19 | 5,923 | |||||||||||||||||||||
PLN | 1,315,083 | USD | 352,000 | JPMorgan Chase Bank N.A. | 01/11/19 | (538 | ) | ||||||||||||||||||||
USD | 124,000 | BRL | 463,677 | JPMorgan Chase Bank N.A. | 01/11/19 | 4,422 | |||||||||||||||||||||
CLP | 14,035,980 | USD | 21,000 | JPMorgan Chase Bank N.A. | 01/11/19 | (770 | ) | ||||||||||||||||||||
RUB | 37,477,289 | USD | 570,000 | JPMorgan Chase Bank N.A. | 01/11/19 | (32,758 | ) | ||||||||||||||||||||
USD | 62,000 | CZK | 1,388,813 | JPMorgan Chase Bank N.A. | 01/11/19 | 153 | |||||||||||||||||||||
USD | 244,000 | MXN | 5,043,051 | JPMorgan Chase Bank N.A. | 01/11/19 | (12,276 | ) | ||||||||||||||||||||
USD | 1,207,000 | EUR | 1,056,568 | JPMorgan Chase Bank N.A. | 02/08/19 | (7,361 | ) | ||||||||||||||||||||
USD | 1,188,000 | NOK | 10,410,496 | JPMorgan Chase Bank N.A. | 02/08/19 | (18,084 | ) | ||||||||||||||||||||
USD | 501,000 | JPY | 54,795,607 | JPMorgan Chase Bank N.A. | 02/08/19 | (389 | ) | ||||||||||||||||||||
USD | 420,619 | CHF | 413,719 | JPMorgan Chase Bank N.A. | 02/08/19 | (1,723 | ) | ||||||||||||||||||||
USD | 2,019,000 | SEK | 18,152,166 | JPMorgan Chase Bank N.A. | 02/08/19 | (35,311 | ) | ||||||||||||||||||||
CAD | 9,062,376 | USD | 6,811,447 | JPMorgan Chase Bank N.A. | 02/08/19 | (166,989 | ) | ||||||||||||||||||||
GBP | 6,965,158 | USD | 8,834,625 | JPMorgan Chase Bank N.A. | 02/08/19 | 59,627 | |||||||||||||||||||||
SEK | 13,574,520 | USD | 1,508,793 | JPMorgan Chase Bank N.A. | 02/08/19 | 27,459 | |||||||||||||||||||||
JPY | 3,769,115,051 | USD | 33,584,157 | JPMorgan Chase Bank N.A. | 02/08/19 | 903,886 | |||||||||||||||||||||
AUD | 1,920,730 | USD | 1,354,000 | JPMorgan Chase Bank N.A. | 02/08/19 | (134 | ) | ||||||||||||||||||||
CHF | 438,879 | USD | 447,000 | JPMorgan Chase Bank N.A. | 02/08/19 | 1,026 | |||||||||||||||||||||
AUD | 2,242,322 | USD | 1,581,000 | JPMorgan Chase Bank N.A. | 02/08/19 | (453 | ) | ||||||||||||||||||||
JPY | 13,000 | USD | 118 | Morgan Stanley | 01/07/19 | 1 | |||||||||||||||||||||
USD | 21,000 | KRW | 23,430,855 | Morgan Stanley | 01/11/19 | (15 | ) | ||||||||||||||||||||
HKD | 222,909 | USD | 28,585 | Morgan Stanley | 01/11/19 | (111 | ) | ||||||||||||||||||||
USD | 1,177,000 | CHF | 1,153,586 | Morgan Stanley | 02/08/19 | (630 | ) | ||||||||||||||||||||
EUR | 3,389,239 | USD | 3,895,000 | Morgan Stanley | 02/08/19 | 403 | |||||||||||||||||||||
GBP | 596,447 | USD | 759,000 | Morgan Stanley | 02/08/19 | 2,641 | |||||||||||||||||||||
USD | 745,000 | NOK | 6,438,759 | Morgan Stanley | 02/08/19 | (948 | ) | ||||||||||||||||||||
USD | 436,000 | JPY | 48,184,592 | Morgan Stanley | 02/08/19 | (4,897 | ) | ||||||||||||||||||||
USD | 486,000 | NZD | 724,484 | Morgan Stanley | 02/08/19 | (598 | ) | ||||||||||||||||||||
USD | 639,000 | NOK | 5,588,634 | Morgan Stanley | 02/08/19 | (8,458 | ) | ||||||||||||||||||||
USD | 211,000 | EUR | 184,960 | Morgan Stanley | 02/08/19 | (1,583 | ) | ||||||||||||||||||||
USD | 2,477,000 | JPY | 272,605,442 | Morgan Stanley | 02/08/19 | (17,386 | ) | ||||||||||||||||||||
USD | 129,000 | GBP | 101,804 | Morgan Stanley | 02/08/19 | (1,000 | ) | ||||||||||||||||||||
USD | 2,091,000 | NZD | 3,081,721 | Morgan Stanley | 02/08/19 | 21,172 | |||||||||||||||||||||
USD | 705,000 | NOK | 6,137,530 | Morgan Stanley | 02/08/19 | (6,049 | ) | ||||||||||||||||||||
USD | 2,813,000 | CAD | 3,765,607 | Morgan Stanley | 02/08/19 | 52,089 | |||||||||||||||||||||
USD | 1,066,000 | NZD | 1,552,130 | Morgan Stanley | 02/08/19 | 23,517 | |||||||||||||||||||||
NOK | 39,529,474 | USD | 4,659,373 | Morgan Stanley | 02/08/19 | (79,776 | ) | ||||||||||||||||||||
USD | 1,179,000 | SEK | 10,659,638 | Morgan Stanley | 02/08/19 | (27,369 | ) | ||||||||||||||||||||
USD | 4,916,000 | NOK | 42,076,741 | Morgan Stanley | 02/08/19 | 41,296 | |||||||||||||||||||||
EUR | 3,334,117 | USD | 3,794,000 | Morgan Stanley | 02/08/19 | 38,048 |
See Accompanying Notes to Financial Statements
104
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||||
SEK | 10,623,670 | USD | 1,174,000 | Morgan Stanley | 02/08/19 | $ | 28,299 | ||||||||||||||||||||
USD | 3,890,000 | EUR | 3,407,780 | Morgan Stanley | 02/08/19 | (26,713 | ) | ||||||||||||||||||||
USD | 376,000 | JPY | 42,127,303 | Morgan Stanley | 02/08/19 | (9,472 | ) | ||||||||||||||||||||
JPY | 126,754,718 | USD | 1,125,000 | Morgan Stanley | 02/08/19 | 34,827 | |||||||||||||||||||||
USD | 317,000 | EUR | 277,351 | Morgan Stanley | 02/08/19 | (1,771 | ) | ||||||||||||||||||||
USD | 2,506,000 | EUR | 2,196,384 | Morgan Stanley Capital Services LLC | 02/08/19 | (18,402 | ) | ||||||||||||||||||||
NOK | 2,158,009 | USD | 248,000 | Morgan Stanley Capital Services LLC | 02/08/19 | 2,011 | |||||||||||||||||||||
USD | 401,000 | GBP | 316,985 | Morgan Stanley Capital Services LLC | 02/08/19 | (3,778 | ) | ||||||||||||||||||||
NZD | 3,419,559 | USD | 2,297,000 | Morgan Stanley Capital Services LLC | 02/08/19 | (264 | ) | ||||||||||||||||||||
MXN | 2,906,472 | USD | 144,000 | The Bank of New York Mellon | 01/11/19 | 3,700 | |||||||||||||||||||||
$ | 621,749 |
At December 31, 2018, the following futures contracts were outstanding for Voya Global Bond Portfolio:
Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||||
Long Contracts: | |||||||||||||||||||
Australia 10-Year Bond | 11 | 03/15/19 | $ | 1,027,945 | $ | 12,232 | |||||||||||||
Australia 3-Year Bond | 36 | 03/15/19 | 2,845,323 | 9,842 | |||||||||||||||
Canada 10-Year Bond | 27 | 03/20/19 | 2,704,944 | 84,970 | |||||||||||||||
Euro-Bobl 5-Year | 51 | 03/07/19 | 7,743,581 | 19,614 | |||||||||||||||
Euro-Buxl® 30-year German Government Bond | 22 | 03/07/19 | 4,552,802 | 89,936 | |||||||||||||||
Euro-OAT | 68 | 03/07/19 | 11,748,989 | (7,636 | ) | ||||||||||||||
Euro-Schatz | 82 | 03/07/19 | 10,516,940 | 4,064 | |||||||||||||||
Japanese Government Bonds 10-Year Mini | 1 | 03/12/19 | 139,255 | 728 | |||||||||||||||
Long Gilt | 35 | 03/27/19 | 5,494,736 | 55,018 | |||||||||||||||
Long-Term Euro-BTP | 53 | 03/07/19 | 7,761,844 | 287,487 | |||||||||||||||
Short Gilt | 7 | 03/27/19 | 920,414 | 182 | |||||||||||||||
U.S. Treasury Long Bond | 24 | 03/20/19 | 3,504,000 | 161,372 | |||||||||||||||
U.S. Treasury Ultra Long Bond | 7 | 03/20/19 | 1,124,594 | 59,266 | |||||||||||||||
$ | 60,085,367 | $ | 777,075 | ||||||||||||||||
Short Contracts: | |||||||||||||||||||
Euro-Bund | (55 | ) | 03/07/19 | (10,305,686 | ) | (66,222 | ) | ||||||||||||
U.S. Treasury 10-Year Note | (20 | ) | 03/20/19 | (2,440,313 | ) | (46,369 | ) | ||||||||||||
U.S. Treasury 5-Year Note | (75 | ) | 03/29/19 | (8,601,563 | ) | (138,863 | ) | ||||||||||||
U.S. Treasury Ultra 10-Year Note | (89 | ) | 03/20/19 | (11,576,953 | ) | (366,820 | ) | ||||||||||||
$ | (32,924,515 | ) | $ | (618,274 | ) |
At December 31, 2018, the following centrally cleared credit default swaps were outstanding for Voya Global Bond Portfolio:
Centrally Cleared Credit Default Swaps on Credit Indices — Buy Protection(1)
Reference Entity/Obligation | Buy/Sell Protection | (Pay)/ Receive Financing Rate (%)(2) | Termination Date | Notional Amount(3) | Fair Value(4) | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||
iTraxx Europe Crossover, Series 30, Version 1 | Buy | (5.000 | ) | 12/20/23 | EUR | 4,651,115 | $ | (338,345 | ) | $ | (9,484 | ) | |||||||||||||||
$ | (338,345 | ) | $ | (9,484 | ) |
(1) If a Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Portfolio will either i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(2) Payments made quarterly.
(3) The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement.
(4) The fair values for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair values, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation's credit soundness and a greater likelihood or risk of default or other credit event occurring.
See Accompanying Notes to Financial Statements
105
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, the following centrally cleared interest rate swaps were outstanding for Voya Global Bond Portfolio:
Pay/Receive Floating Rate | Floating Rate Index | Floating Rate Index Payment Frequency | Fixed Rate | Fixed Rate Payment Frequency | Maturity Date | Notional Amount | Fair Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||||||||
Pay | 3-month CAD-CDOR | Semi-Annual | 2.960 | % | Semi-Annual | 11/21/44 | CAD | 1,000,000 | $ | 40,420 | $ | 32,687 | |||||||||||||||||||||||
Pay | 6-month EUR-EURIBOR | Semi-Annual | 0.294 | Annual | 02/10/23 | EUR | 2,400,000 | 25,328 | 25,546 | ||||||||||||||||||||||||||
Pay | 6-month EUR-EURIBOR | Semi-Annual | 0.325 | Annual | 02/16/23 | EUR | 100,000 | 1,199 | 1,201 | ||||||||||||||||||||||||||
Pay | 6-month GBP-LIBOR | Semi-Annual | 2.899 | Semi-Annual | 08/22/44 | GBP | 2,000,000 | 757,337 | 891,641 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | (0.105 | ) | Semi-Annual | 03/07/21 | JPY | 750,000,000 | (16,743 | ) | (17,463 | ) | |||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | (0.199 | ) | Semi-Annual | 07/14/21 | JPY | 512,300,000 | (24,280 | ) | (26,603 | ) | |||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | (0.020 | ) | Semi-Annual | 03/07/23 | JPY | 750,000,000 | (9,248 | ) | (8,152 | ) | |||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 0.754 | Semi-Annual | 05/21/24 | JPY | 1,855,000,000 | 664,732 | 630,608 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 0.558 | Semi-Annual | 02/24/25 | JPY | 1,084,559,370 | 313,828 | 283,216 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | (0.092 | ) | Semi-Annual | 07/14/26 | JPY | 652,900,000 | (78,570 | ) | (81,932 | ) | |||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 0.387 | Semi-Annual | 03/02/31 | JPY | 7,700,000 | 1,057 | 1,164 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 0.360 | Semi-Annual | 03/03/31 | JPY | 867,000,000 | 93,052 | 106,205 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 0.623 | Semi-Annual | 03/02/36 | JPY | 6,200,000 | 1,569 | 1,678 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 0.585 | Semi-Annual | 03/03/36 | JPY | 693,000,000 | 135,248 | 149,088 | ||||||||||||||||||||||||||
Pay | 6-month JPY-LIBOR | Semi-Annual | 1.289 | Semi-Annual | 02/04/45 | JPY | 1,015,000,000 | 1,414,160 | 1,354,753 | ||||||||||||||||||||||||||
Pay | 3-month USD-LIBOR | Quarterly | 3.042 | Semi-Annual | 12/05/28 | USD | 23,700,000 | 690,547 | 690,547 | ||||||||||||||||||||||||||
Pay | 3-month USD-LIBOR | Quarterly | 2.842 | Semi-Annual | 12/20/28 | USD | 13,700,000 | 157,240 | 157,240 | ||||||||||||||||||||||||||
Pay | 3-month USD-LIBOR | Quarterly | 2.775 | Semi-Annual | 12/21/28 | USD | 6,600,000 | 36,894 | 36,894 | ||||||||||||||||||||||||||
Pay | 3-month USD-LIBOR | Quarterly | 2.794 | Semi-Annual | 12/24/28 | USD | 50,700,000 | 359,492 | 359,492 | ||||||||||||||||||||||||||
Pay | 1-month USD-LIBOR | Monthly | 2.726 | Monthly | 12/27/28 | USD | 1,250,000 | 13,123 | 13,123 | ||||||||||||||||||||||||||
Pay | 1-month USD-LIBOR | Monthly | 2.400 | Monthly | 10/27/32 | USD | 690,000 | (23,136 | ) | (23,047 | ) | ||||||||||||||||||||||||
Pay | 1-month USD-LIBOR | Monthly | 2.488 | Monthly | 10/27/47 | USD | 800,000 | (36,855 | ) | (36,744 | ) | ||||||||||||||||||||||||
Receive | 6-month EUR-EURIBOR | Semi-Annual | (0.123 | ) | Annual | 02/11/19 | EUR | 200,000 | (38 | ) | (21 | ) | |||||||||||||||||||||||
Receive | 6-month EUR-EURIBOR | Semi-Annual | (0.095 | ) | Annual | 02/16/19 | EUR | 100,000 | (26 | ) | (16 | ) | |||||||||||||||||||||||
Receive | 6-month EUR-EURIBOR | Semi-Annual | 0.056 | Annual | 02/10/21 | EUR | 100,000 | (546 | ) | (559 | ) | ||||||||||||||||||||||||
Receive | 6-month EUR-EURIBOR | Semi-Annual | 1.143 | Annual | 02/04/46 | EUR | 500,000 | 32,051 | 28,992 | ||||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | (0.030 | ) | Semi-Annual | 03/02/23 | JPY | 15,400,000 | 248 | 223 | |||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | (0.044 | ) | Semi-Annual | 03/03/23 | JPY | 1,733,000,000 | 37,007 | 33,684 | |||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | 0.119 | Semi-Annual | 03/02/26 | JPY | 10,900,000 | (341 | ) | (412 | ) | ||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | 0.103 | Semi-Annual | 03/03/26 | JPY | 1,231,000,000 | (25,731 | ) | (34,432 | ) | ||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | 0.373 | Semi-Annual | 03/07/31 | JPY | 350,000,000 | (42,270 | ) | (47,405 | ) | ||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | 0.178 | Semi-Annual | 07/14/36 | JPY | 326,600,000 | 150,843 | 151,479 | ||||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | 1.443 | Semi-Annual | 02/24/45 | JPY | 468,636,765 | (817,231 | ) | (777,427 | ) | ||||||||||||||||||||||||
Receive | 6-month JPY-LIBOR | Semi-Annual | 0.233 | Semi-Annual | 07/14/46 | JPY | 172,300,000 | 190,212 | 191,671 | ||||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 1.720 | Monthly | 10/27/19 | USD | 18,320,000 | 126,681 | 125,704 | ||||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.656 | Monthly | 06/19/20 | USD | 8,150,000 | (12,465 | ) | (12,465 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.798 | Monthly | 09/14/20 | USD | 4,000,000 | (17,666 | ) | (17,666 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 1.079 | Monthly | 04/04/21 | USD | 7,500,000 | 234,305 | 234,305 | ||||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 1.983 | Monthly | 10/27/22 | USD | 23,590,000 | 407,289 | 405,343 | ||||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.816 | Monthly | 06/19/23 | USD | 1,716,000 | (26,005 | ) | (26,005 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.514 | Monthly | 01/24/25 | USD | 1,210,000 | (1,552 | ) | (1,552 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.728 | Monthly | 03/01/25 | USD | 4,110,000 | (55,559 | ) | (55,559 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.210 | Monthly | 10/27/26 | USD | 3,590,000 | 85,195 | 84,808 | ||||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.681 | Monthly | 02/02/28 | USD | 1,690,000 | (13,544 | ) | (13,544 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.884 | Monthly | 06/19/28 | USD | 910,000 | (22,456 | ) | (22,456 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Quarterly | 3.099 | Semi-Annual | 10/18/28 | USD | 780,000 | (33,865 | ) | (33,865 | ) | ||||||||||||||||||||||||
Receive | 3-month USD-LIBOR | Quarterly | 2.760 | Semi-Annual | 12/28/28 | USD | 23,700,000 | (98,079 | ) | (98,079 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.390 | Monthly | 12/11/32 | USD | 400,000 | 14,073 | 14,073 | ||||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 2.962 | Monthly | 04/30/33 | USD | 530,000 | (18,344 | ) | (18,344 | ) | ||||||||||||||||||||||||
Receive | 1-month USD-LIBOR | Monthly | 3.148 | Monthly | 10/18/33 | USD | 520,000 | (29,051 | ) | (29,051 | ) | ||||||||||||||||||||||||
Receive | 3-month USD-LIBOR | Quarterly | 2.188 | Semi-Annual | 04/04/46 | USD | 900,000 | 120,736 | 120,736 | ||||||||||||||||||||||||||
$ | 4,700,265 | $ | 4,743,302 |
At December 31, 2018, the following over-the-counter purchased interest rate swaptions were outstanding for Voya Global Bond Portfolio:
Description | Counterparty | Pay/ Receive Exercise Rate | Exercise Rate | Floating Rate Index | Expiration Date | Notional Amount | Cost | Fair Value | |||||||||||||||||||||||||||
Put on 10-Year Interest Rate Swap(1) | Barclays Bank PLC | Pay | 3.235 | % | 3-month USD-LIBOR | 02/15/19 | USD | 47,400,000 | $ | 100,014 | $ | 11,016 | |||||||||||||||||||||||
Put on 10-Year Interest Rate Swap(1) | JPMorgan Chase Bank N.A. | Pay | 3.450 | % | 3-month USD-LIBOR | 01/31/19 | USD | 47,400,000 | 203,820 | 376 | |||||||||||||||||||||||||
$ | 303,834 | $ | 11,392 |
See Accompanying Notes to Financial Statements
106
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, the following over-the-counter written interest rate swaptions were outstanding for Voya Global Bond Portfolio:
Description | Counterparty | Pay/ Receive Exercise Rate | Exercise Rate | Floating Rate Index | Expiration Date | Notional Amount | Premiums Received | Fair Value | |||||||||||||||||||||||||||
Call on 10-Year Interest Rate Swap(1) | Barclays Bank PLC | Pay | 2.735 | % | 3-month USD-LIBOR | 02/15/19 | USD | 47,400,000 | $ | 116,130 | $ | (436,818 | ) | ||||||||||||||||||||||
Call on 10-Year Interest Rate Swap(1) | JPMorgan Chase Bank N.A. | Pay | 3.050 | % | 3-month USD-LIBOR | 01/31/19 | USD | 47,400,000 | 218,040 | (1,421,824 | ) | ||||||||||||||||||||||||
$ | 334,170 | $ | (1,858,642 | ) |
At December 31, 2018, the following over-the-counter forward premium swaptions were outstanding for Voya Global Bond Portfolio:
Description | Counterparty | Exercise Rate | Pay/ Receive Exercise Rate | Floating Rate Index | Expiration Date | Notional Amount | Premium receivable/ (payable) at expiration(2) | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||||||||
Call on 5-Year Interest Rate Swap (Purchased) | Bank of America N.A. | 0.000 | % | Receive | 3-month USD-LIBOR | 02/20/19 | USD | 10,170,000 | $ | (541,552 | ) | $ | 55,464 | ||||||||||||||||||||||
Call on 5-Year Interest Rate Swap (Purchased) | Barclays Bank PLC | 0.000 | % | Receive | 3-month USD-LIBOR | 04/25/19 | USD | 14,449,000 | (763,991 | ) | 86,072 | ||||||||||||||||||||||||
Call on 5-Year Interest Rate Swap (Purchased) | Morgan Stanley Capital Services LLC | 0.000 | % | Receive | 3-month USD-LIBOR | 02/13/19 | USD | 10,170,000 | (551,214 | ) | 46,004 | ||||||||||||||||||||||||
Call on 5-Year Interest Rate Swap (Purchased) | Morgan Stanley Capital Services LLC | 0.000 | % | Receive | 3-month USD-LIBOR | 03/06/19 | USD | 10,170,000 | (544,858 | ) | 52,675 | ||||||||||||||||||||||||
Call on 5-Year Interest Rate Swap (Purchased) | Morgan Stanley Capital Services LLC | 0.000 | % | Receive | 3-month USD-LIBOR | 04/25/19 | USD | 16,061,000 | (854,445 | ) | 90,495 | ||||||||||||||||||||||||
$ | (3,256,060 | ) | $ | 330,710 |
(1) Portfolio pays the exercise rate semi-annually and receives the floating rate index quarterly.
(2) Forward premium swaptions include premiums receivable/(payable) that have extended settlement dates. Premiums are not exchanged until the expiration date of each respective swaption contract.
Currency Abbreviations
AUD — Australian Dollar
BRL — Brazilian Real
CAD — Canadian Dollar
CHF — Swiss Franc
CLP — Chilean Peso
COP — Colombian Peso
CZK — Czech Koruna
DKK — Danish Krone
EUR — EU Euro
GBP — British Pound
HKD — Hong Kong Sar Dollar
HUF — Hungarian Forint
IDR — Indonesian Rupiah
ILS — Israeli New Shekel
JPY — Japanese Yen
KRW — South Korean Won
MXN — Mexican Peso
MYR — Malaysian Ringgit
NOK — Norwegian Krone
NZD — New Zealand Dollar
PEN — Peruvian Nuevo Sol
PHP — Philippine Peso
PLN — Polish Zloty
RON — Romanian New Leu
RUB — Russian Ruble
See Accompanying Notes to Financial Statements
107
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
SEK — Swedish Krona
SGD — Singapore Dollar
THB — Thai Baht
TRY — Turkish Lira
USD — United States Dollar
ZAR — South African Rand
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of December 31, 2018 was as follows:
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | |||||||||
Asset Derivatives | |||||||||||
Interest rate contracts | Investments in securities at value* | $ | 11,392 | ||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | 2,004,818 | |||||||||
Interest rate contracts | Unrealized appreciation on forward premium swaptions** | 330,710 | |||||||||
Interest rate contracts | Net Assets — Unrealized appreciation*** | 784,711 | |||||||||
Interest rate contracts | Net Assets — Unrealized appreciation**** | 6,126,101 | |||||||||
Total Asset Derivatives | $ | 9,257,732 | |||||||||
Liability Derivatives | |||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 1,383,069 | ||||||||
Interest rate contracts | Net Assets — Unrealized depreciation*** | 625,910 | |||||||||
Credit contracts | Net Assets — Unrealized depreciation**** | 9,484 | |||||||||
Interest rate contracts | Net Assets — Unrealized depreciation**** | 1,382,799 | |||||||||
Interest rate contracts | Written options, at fair value | 1,858,642 | |||||||||
Total Liability Derivatives | $ | 5,259,904 |
* Includes purchased options.
** Includes cumulative appreciation/depreciation of forward premium swaptions as reported in the following the Portfolio of Investments.
*** Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Portfolio of Investments.
**** Includes cumulative appreciation/depreciation of centrally cleared swaps as reported in the table following the Portfolio of Investments. Only current day's variation margin receivable/payable is shown on the Statement of Assets and Liabiliites.
The effect of derivative instruments on the Portfolio's Statement of Operations for the year ended December 31, 2018 was as follows:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||||||||||||||||||||||
Derivatives not accounted for as hedging instruments | Investments* | Forward foreign currency contracts | Futures | Swaps | Written options | Total | |||||||||||||||||||||
Equity contracts | $ | — | $ | — | $ | (65,489 | ) | $ | — | $ | — | $ | (65,489 | ) | |||||||||||||
Credit Contracts | — | — | — | 140,040 | — | 140,040 | |||||||||||||||||||||
Foreign exchange contracts | 201,600 | (1,022,759 | ) | — | — | 108,676 | (712,483 | ) | |||||||||||||||||||
Interest rate contracts | 4,750,941 | — | 1,073,673 | 189,787 | (3,423,729 | ) | 2,590,672 | ||||||||||||||||||||
Total | $ | 4,952,541 | $ | (1,022,759 | ) | $ | 1,008,184 | $ | 329,827 | $ | (3,315,053 | ) | $ | 1,952,740 | |||||||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||||||||||||||||||||||
Derivatives not accounted for as hedging instruments | Investments* | Forward foreign currency contracts | Futures | Swaps | Written options | Total | |||||||||||||||||||||
Credit contracts | $ | — | $ | — | $ | — | $ | (17,677 | ) | $ | — | $ | (17,677 | ) | |||||||||||||
Foreign exchange contracts | — | (725,902 | ) | — | — | — | (725,902 | ) | |||||||||||||||||||
Interest rate contracts | 506,044 | — | 364,210 | 1,687,787 | (2,124,636 | ) | 433,405 | ||||||||||||||||||||
Total | $ | 506,044 | $ | (725,902 | ) | $ | 364,210 | $ | 1,670,110 | $ | (2,124,636 | ) | $ | (310,174 | ) |
* Amounts recognized for purchased options are included in net realized gain (loss) on investments and net change in unrealized appreciation or depreciation on investments.
See Accompanying Notes to Financial Statements
108
SUMMARY PORTFOLIO OF INVESTMENTS
VOYA GLOBAL BOND PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at December 31, 2018:
Bank of America N.A. | Barclays Bank PLC | BNP Paribas | Citibank N.A. | Deutsche Bank AG | Goldman Sachs International | HSBC Bank USA N.A. | JPMorgan Chase Bank N.A. | Morgan Stanley | Morgan Stanley Capital Services LLC | The Bank of New York Mellon | Totals | ||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased options | $ | — | $ | 11,016 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 376 | $ | — | $ | — | $ | — | $ | 11,392 | |||||||||||||||||||||||||||
Forward premium swaptions | 55,464 | 86,072 | — | — | — | — | — | — | — | 189,174 | — | 330,710 | |||||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | 291,271 | 63,779 | 136,099 | 693 | 119,330 | 143,146 | 1,002,496 | 242,293 | 2,011 | 3,700 | 2,004,818 | |||||||||||||||||||||||||||||||||||||||
Total Assets | $ | 55,464 | $ | 388,359 | $ | 63,779 | $ | 136,099 | $ | 693 | $ | 119,330 | $ | 143,146 | $ | 1,002,872 | $ | 242,293 | $ | 191,185 | $ | 3,700 | $ | 2,346,920 | |||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | 110,741 | $ | — | $ | 185,653 | $ | — | $ | 510,235 | $ | 90,434 | $ | 276,786 | $ | 186,776 | $ | 22,444 | $ | — | $ | 1,383,069 | |||||||||||||||||||||||||||
Written options | — | 436,818 | — | — | — | — | — | 1,421,824 | — | — | — | 1,858,642 | |||||||||||||||||||||||||||||||||||||||
Total Liabilities | $ | — | $ | 547,559 | $ | — | $ | 185,653 | $ | — | $ | 510,235 | $ | 90,434 | $ | 1,698,610 | $ | 186,776 | $ | 22,444 | $ | — | $ | 3,241,711 | |||||||||||||||||||||||||||
Net OTC derivative instruments by counterparty, at fair value | $ | 55,464 | $ | (159,200 | ) | $ | 63,779 | $ | (49,554 | ) | $ | 693 | $ | (390,905 | ) | $ | 52,712 | $ | (695,738 | ) | $ | 55,517 | $ | 168,741 | $ | 3,700 | (894,791 | ) | |||||||||||||||||||||||
Total collateral pledged by the Portfolio/ (Received from counterparty) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 695,738 | $ | (55,517 | ) | $ | (40,000 | ) | $ | — | $ | 600,221 | |||||||||||||||||||||||||
Net Exposure(1)(2) | $ | 55,464 | $ | (159,200 | ) | $ | 63,779 | $ | (49,554 | ) | $ | 693 | $ | (390,905 | ) | $ | 52,712 | $ | — | $ | — | $ | 128,741 | $ | 3,700 | $ | (294,570 | ) |
(1) Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Portfolio. Please refer to Note 2 for additional details regarding counterparty credit risk and credit related contingent features.
(2) At December 31, 2018, the Portfolio pledged $940,000 in cash collateral from JPMorgan Chase Bank N.A. In addition, the Portfolio received $60,000 in cash collateral from Morgan Stanley. Excess cash collateral is not shown for financial reporting purposes.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $209,371,385.
Net unrealized depreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 10,812,458 | |||||
Gross Unrealized Depreciation | (17,513,323 | ) | |||||
Net Unrealized Depreciation | $ | (6,700,865 | ) |
See Accompanying Notes to Financial Statements
109
VY® AMERICAN CENTURY SUMMARY PORTFOLIO OF INVESTMENTS
SMALL-MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 95.8% | |||||||||||||||||||
Communication Services: 0.4% | |||||||||||||||||||
361,056 | Other Securities | $ | 1,303,747 | 0.4 | |||||||||||||||
Consumer Discretionary: 6.4% | |||||||||||||||||||
14,380 | Advance Auto Parts, Inc. | 2,264,275 | 0.7 | ||||||||||||||||
99,884 | Pulte Group, Inc. | 2,595,985 | 0.8 | ||||||||||||||||
401,829 | (1 | ),(2) | Other Securities | 15,373,413 | 4.9 | ||||||||||||||
20,233,673 | 6.4 | ||||||||||||||||||
Consumer Staples: 6.3% | |||||||||||||||||||
106,415 | Conagra Brands, Inc. | 2,273,024 | 0.7 | ||||||||||||||||
21,088 | Kimberly-Clark Corp. | 2,402,767 | 0.7 | ||||||||||||||||
68,326 | Mondelez International, Inc. | 2,735,090 | 0.9 | ||||||||||||||||
408,760 | Orkla ASA | 3,200,552 | 1.0 | ||||||||||||||||
35,046 | Sysco Corp. | 2,195,982 | 0.7 | ||||||||||||||||
191,402 | (2 | ) | Other Securities | 7,269,807 | 2.3 | ||||||||||||||
20,077,222 | 6.3 | ||||||||||||||||||
Energy: 5.8% | |||||||||||||||||||
111,792 | Baker Hughes a GE Co. | 2,403,528 | 0.8 | ||||||||||||||||
116,495 | Noble Energy, Inc. | 2,185,446 | 0.7 | ||||||||||||||||
644,751 | (1 | ),(2) | Other Securities | 13,771,724 | 4.3 | ||||||||||||||
18,360,698 | 5.8 | ||||||||||||||||||
Financials: 26.7% | |||||||||||||||||||
29,056 | Ameriprise Financial, Inc. | 3,032,575 | 1.0 | ||||||||||||||||
80,367 | BankUnited, Inc. | 2,406,188 | 0.8 | ||||||||||||||||
110,563 | BB&T Corp. | 4,789,589 | 1.5 | ||||||||||||||||
184,807 | Capitol Federal Financial, Inc. | 2,359,985 | 0.7 | ||||||||||||||||
25,841 | Chubb Ltd. | 3,338,140 | 1.0 | ||||||||||||||||
42,712 | Commerce Bancshares, Inc. | 2,407,675 | 0.8 | ||||||||||||||||
228,799 | (3 | ),(4) | Compass Diversified Holdings | 2,848,548 | 0.9 | ||||||||||||||
195,553 | First Hawaiian, Inc. | 4,401,898 | 1.4 | ||||||||||||||||
155,797 | Home Bancshares, Inc./Conway AR | 2,545,723 | 0.8 | ||||||||||||||||
209,001 | Invesco Ltd. | 3,498,677 | 1.1 | ||||||||||||||||
21,162 | M&T Bank Corp. | 3,028,917 | 1.0 | ||||||||||||||||
71,683 | Northern Trust Corp. | 5,991,982 | 1.9 | ||||||||||||||||
15,646 | Reinsurance Group of America, Inc. | 2,194,039 | 0.7 | ||||||||||||||||
47,149 | SunTrust Banks, Inc. | 2,378,196 | 0.7 | ||||||||||||||||
77,366 | UMB Financial Corp. | 4,717,005 | 1.5 | ||||||||||||||||
309,077 | (3 | ) | Valley National Bancorp | 2,744,604 | 0.9 | ||||||||||||||
45,819 | (3 | ) | Westamerica Bancorp. | 2,551,202 | 0.8 | ||||||||||||||
771,999 | (1 | ),(2) | Other Securities | 29,159,731 | 9.2 | ||||||||||||||
84,394,674 | 26.7 | ||||||||||||||||||
Health Care: 6.7% | |||||||||||||||||||
71,595 | Cardinal Health, Inc. | 3,193,137 | 1.0 | ||||||||||||||||
22,029 | McKesson Corp. | 2,433,544 | 0.8 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
31,219 | Quest Diagnostics, Inc. | $ | 2,599,606 | 0.8 | |||||||||||||||
26,170 | (5 | ),(6) | Siemens Healthineers AG | 1,093,558 | 0.4 | ||||||||||||||
71,537 | Zimmer Biomet Holdings, Inc. | 7,419,818 | 2.3 | ||||||||||||||||
88,432 | (2 | ) | Other Securities | 4,381,128 | 1.4 | ||||||||||||||
21,120,791 | 6.7 | ||||||||||||||||||
Industrials: 16.4% | |||||||||||||||||||
21,135 | Cummins, Inc. | 2,824,481 | 0.9 | ||||||||||||||||
144,196 | Heartland Express, Inc. | 2,638,787 | 0.8 | ||||||||||||||||
55,061 | Hubbell, Inc. | 5,469,760 | 1.7 | ||||||||||||||||
197,021 | IMI PLC | 2,372,651 | 0.8 | ||||||||||||||||
116,621 | Johnson Controls International plc | 3,457,813 | 1.1 | ||||||||||||||||
42,237 | MSC Industrial Direct Co. | 3,248,870 | 1.0 | ||||||||||||||||
61,017 | Southwest Airlines Co. | 2,836,070 | 0.9 | ||||||||||||||||
1,181,738 | (2 | ) | Other Securities | 28,987,216 | 9.2 | ||||||||||||||
51,835,648 | 16.4 | ||||||||||||||||||
Information Technology: 8.6% | |||||||||||||||||||
59,787 | Maxim Integrated Products | 3,040,169 | 1.0 | ||||||||||||||||
31,360 | (3 | ) | Microchip Technology, Inc. | 2,255,411 | 0.7 | ||||||||||||||
30,509 | TE Connectivity Ltd. | 2,307,396 | 0.7 | ||||||||||||||||
669,755 | (1 | ),(2) | Other Securities | 19,467,086 | 6.2 | ||||||||||||||
27,070,062 | 8.6 | ||||||||||||||||||
Materials: 6.6% | |||||||||||||||||||
512,773 | Graphic Packaging Holding Co. | 5,455,905 | 1.7 | ||||||||||||||||
100,909 | Silgan Holdings, Inc. | 2,383,471 | 0.7 | ||||||||||||||||
58,405 | Sonoco Products Co. | 3,103,058 | 1.0 | ||||||||||||||||
82,815 | WestRock Co. | 3,127,094 | 1.0 | ||||||||||||||||
368,412 | Other Securities | 6,878,312 | 2.2 | ||||||||||||||||
20,947,840 | 6.6 | ||||||||||||||||||
Real Estate: 5.9% | |||||||||||||||||||
178,880 | Weyerhaeuser Co. | 3,910,317 | 1.2 | ||||||||||||||||
866,682 | Other Securities | 14,740,070 | 4.7 | ||||||||||||||||
18,650,387 | 5.9 | ||||||||||||||||||
Utilities: 6.0% | |||||||||||||||||||
36,850 | Ameren Corp. | 2,403,725 | 0.7 | ||||||||||||||||
58,384 | NorthWestern Corp. | 3,470,345 | 1.1 | ||||||||||||||||
32,665 | Pinnacle West Capital Corp. | 2,783,058 | 0.9 | ||||||||||||||||
85,108 | Xcel Energy, Inc. | 4,193,271 | 1.3 | ||||||||||||||||
89,527 | Other Securities | 6,287,174 | 2.0 | ||||||||||||||||
19,137,573 | 6.0 | ||||||||||||||||||
Total Common Stock (Cost $352,016,797) | 303,132,315 | 95.8 |
See Accompanying Notes to Financial Statements
110
VY® AMERICAN CENTURY SUMMARY PORTFOLIO OF INVESTMENTS
SMALL-MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
EXCHANGE-TRADED FUNDS: 1.2% | |||||||||||||||||||
51,852 | iShares Russell Mid-Cap Value ETF | $ | 3,958,900 | 1.2 | |||||||||||||||
Total Exchange-Traded Funds (Cost $4,532,739) | 3,958,900 | 1.2 | |||||||||||||||||
Total Long-Term Investments (Cost $356,549,536) | 307,091,215 | 97.0 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 5.0% | |||||||||||||||||||
Securities Lending Collateral(7): 2.5% | |||||||||||||||||||
1,873,591 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $1,873,896, collateralized by various U.S. Government/U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $1,911,378, due 11/15/23-05/15/58) | $ | 1,873,591 | 0.6 | |||||||||||||||
1,873,591 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $1,873,935, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $1,911,063, due 01/25/19-10/20/68) | 1,873,591 | 0.6 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
1,873,591 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $1,873,904, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $1,911,063, due 01/25/19-02/01/49) | $ | 1,873,591 | 0.6 | |||||||||||||||
392,785 | Mizuho Securities USA LLC, Repurchase Agreement dated 12/31/18, 2.92%, due 01/02/19 (Repurchase Amount $392,848, collateralized by various U.S. Government Securities, 1.875%-2.625%, Market Value plus accrued interest $400,641, due 02/29/24-09/09/49) | 392,785 | 0.1 | ||||||||||||||||
1,873,591 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $1,873,901, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $1,911,063, due 10/01/25-10/20/48) | 1,873,591 | 0.6 | ||||||||||||||||
7,887,149 | 2.5 |
See Accompanying Notes to Financial Statements
111
VY® AMERICAN CENTURY SUMMARY PORTFOLIO OF INVESTMENTS
SMALL-MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 2.5% | |||||||||||||||||||
7,900,089 | (8 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $7,900,089) | $ | 7,900,089 | 2.5 | |||||||||||||
Total Short-Term Investments (Cost $15,787,238) | 15,787,238 | 5.0 | |||||||||||||||||
Total Investments in Securities (Cost $372,336,774) | $ | 322,878,453 | 102.0 | ||||||||||||||||
Liabilities in Excess of Other Assets | (6,339,282 | ) | (2.0 | ) | |||||||||||||||
Net Assets | $ | 316,539,171 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
(1) The grouping contains securities on loan.
(2) The grouping contains non-income producing securities.
(3) Security, or a portion of the security, is on loan.
(4) Security is a Master Limited Partnership.
(5) Non-income producing security.
(6) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(7) Represents securities purchased with cash collateral received for securities on loan.
(8) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Communication Services | $ | 1,303,747 | $ | — | $ | — | $ | 1,303,747 | |||||||||||
Consumer Discretionary | 18,200,099 | 2,033,574 | — | 20,233,673 | |||||||||||||||
Consumer Staples | 16,876,670 | 3,200,552 | — | 20,077,222 | |||||||||||||||
Energy | 18,360,698 | — | — | 18,360,698 | |||||||||||||||
Financials | 84,394,674 | — | — | 84,394,674 | |||||||||||||||
Health Care | 20,027,233 | 1,093,558 | — | 21,120,791 | |||||||||||||||
Industrials | 45,864,678 | 5,970,970 | — | 51,835,648 | |||||||||||||||
Information Technology | 27,070,062 | — | — | 27,070,062 | |||||||||||||||
Materials | 20,947,840 | — | — | 20,947,840 | |||||||||||||||
Real Estate | 18,650,387 | — | — | 18,650,387 | |||||||||||||||
Utilities | 19,137,573 | — | — | 19,137,573 | |||||||||||||||
Total Common Stock | 290,833,661 | 12,298,654 | — | 303,132,315 | |||||||||||||||
Exchange-Traded Funds | 3,958,900 | — | — | 3,958,900 | |||||||||||||||
Short-Term Investments | 7,900,089 | 7,887,149 | — | 15,787,238 | |||||||||||||||
Total Investments, at fair value | $ | 302,692,650 | $ | 20,185,803 | $ | — | $ | 322,878,453 | |||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Forward Foreign Currency Contracts | — | 17,027 | — | 17,027 | |||||||||||||||
Total Assets | $ | 302,692,650 | $ | 20,202,830 | $ | — | $ | 322,895,480 | |||||||||||
Liabilities Table | |||||||||||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Forward Foreign Currency Contracts | $ | — | $ | (133,154 | ) | $ | — | $ | (133,154 | ) | |||||||||
Total Liabilities | $ | — | $ | (133,154 | ) | $ | — | $ | (133,154 | ) |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
+ 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
See Accompanying Notes to Financial Statements
112
VY® AMERICAN CENTURY SUMMARY PORTFOLIO OF INVESTMENTS
SMALL-MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, the following forward foreign currency contracts were outstanding for VY® American Century Small-Mid Cap Value Portfolio:
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||
JPY | 4,962,198 | USD | 45,265 | Bank of America N.A. | 03/29/19 | $ | 328 | ||||||||||||
USD | 1,213,371 | JPY | 135,501,800 | Bank of America N.A. | 03/29/19 | (31,628 | ) | ||||||||||||
USD | 146,920 | EUR | 127,396 | Credit Suisse AG | 03/29/19 | (104 | ) | ||||||||||||
USD | 4,044,890 | EUR | 3,515,568 | Credit Suisse AG | 03/29/19 | (12,335 | ) | ||||||||||||
NOK | 355,865 | USD | 40,827 | Goldman Sachs & Co. | 01/03/19 | 331 | |||||||||||||
NOK | 959,398 | USD | 110,453 | Goldman Sachs & Co. | 03/29/19 | 923 | |||||||||||||
SEK | 353,918 | USD | 39,383 | Goldman Sachs & Co. | 03/29/19 | 825 | |||||||||||||
USD | 1,501,569 | SEK | 13,512,467 | Goldman Sachs & Co. | 03/29/19 | (33,584 | ) | ||||||||||||
USD | 2,774,672 | NOK | 24,167,396 | Goldman Sachs & Co. | 03/29/19 | (30,905 | ) | ||||||||||||
GBP | 40,079 | USD | 51,083 | JPMorgan Chase Bank N.A. | 03/29/19 | 214 | |||||||||||||
USD | 19,128 | GBP | 15,026 | JPMorgan Chase Bank N.A. | 03/29/19 | (104 | ) | ||||||||||||
USD | 46,902 | GBP | 36,843 | JPMorgan Chase Bank N.A. | 03/29/19 | (254 | ) | ||||||||||||
USD | 1,705,909 | GBP | 1,341,684 | JPMorgan Chase Bank N.A. | 03/29/19 | (11,333 | ) | ||||||||||||
USD | 1,922,760 | GBP | 1,512,235 | JPMorgan Chase Bank N.A. | 03/29/19 | (12,773 | ) | ||||||||||||
USD | 28,903 | CAD | 39,332 | Morgan Stanley | 03/29/19 | 35 | |||||||||||||
CAD | 51,132 | USD | 37,661 | Morgan Stanley | 03/29/19 | (134 | ) | ||||||||||||
USD | 858,737 | CAD | 1,150,467 | Morgan Stanley | 03/29/19 | 14,371 | |||||||||||||
$ | (116,127 | ) |
Currency Abbreviations
CAD — Canadian Dollar
EUR — EU Euro
GBP — British Pound
JPY — Japanese Yen
NOK — Norwegian Krone
SEK — Swedish Krona
USD — United States Dollar
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of December 31, 2018 was as follows:
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | |||||||||
Asset Derivatives | |||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 17,027 | ||||||||
Total Asset Derivatives | $ | 17,027 | |||||||||
Liability Derivatives | |||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 133,154 | ||||||||
Total Liability Derivatives | $ | 133,154 |
The effect of derivative instruments on the Portfolio's Statement of Operations for the year ended December 31, 2018 was as follows:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 651,064 | |||||
Total | $ | 651,064 | |||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 16,341 | |||||
Total | $ | 16,341 |
See Accompanying Notes to Financial Statements
113
VY® AMERICAN CENTURY SUMMARY PORTFOLIO OF INVESTMENTS
SMALL-MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $377,424,633.
Net unrealized depreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 10,313,754 | |||||
Gross Unrealized Depreciation | (64,927,163 | ) | |||||
Net Unrealized Depreciation | $ | (54,613,409 | ) |
See Accompanying Notes to Financial Statements
114
SUMMARY PORTFOLIO OF INVESTMENTS
VY® BARON GROWTH PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 99.3% | |||||||||||||||||||
Communication Services: 4.3% | |||||||||||||||||||
908,000 | (1 | ) | Iridium Communications, Inc. | $ | 16,752,600 | 2.5 | |||||||||||||
630,750 | Manchester United PLC - Class A | 11,971,635 | 1.8 | ||||||||||||||||
28,724,235 | 4.3 | ||||||||||||||||||
Consumer Discretionary: 27.9% | |||||||||||||||||||
230,000 | (1 | ) | Bright Horizons Family Solutions, Inc. | 25,633,500 | 3.8 | ||||||||||||||
544,900 | Choice Hotels International, Inc. | 39,003,942 | 5.8 | ||||||||||||||||
188,200 | Marriott Vacations Worldwide Corp. | 13,269,982 | 2.0 | ||||||||||||||||
43,123 | (1 | ) | Ollie's Bargain Outlet Holdings, Inc. | 2,868,111 | 0.4 | ||||||||||||||
698,741 | (1 | ) | Penn National Gaming, Inc. | 13,157,293 | 2.0 | ||||||||||||||
255,000 | Red Rock Resorts, Inc. | 5,179,050 | 0.8 | ||||||||||||||||
127,900 | (1 | ) | Under Armour, Inc. - Class A | 2,259,993 | 0.4 | ||||||||||||||
396,000 | Vail Resorts, Inc. | 83,484,720 | 12.5 | ||||||||||||||||
50,325 | Other Securities | 1,570,140 | 0.2 | ||||||||||||||||
186,426,731 | 27.9 | ||||||||||||||||||
Consumer Staples: 1.5% | |||||||||||||||||||
89,875 | Church & Dwight Co., Inc. | 5,910,180 | 0.9 | ||||||||||||||||
116,900 | (1 | ) | Performance Food Group Co. | 3,772,363 | 0.6 | ||||||||||||||
9,682,543 | 1.5 | ||||||||||||||||||
Financials: 19.8% | |||||||||||||||||||
561,000 | (1 | ) | Arch Capital Group Ltd. | 14,989,920 | 2.2 | ||||||||||||||
270,000 | (2 | ) | Carlyle Group L.P. | 4,252,500 | 0.6 | ||||||||||||||
317,200 | Cohen & Steers, Inc. | 10,886,304 | 1.6 | ||||||||||||||||
65,500 | (1 | ) | Essent Group Ltd. | 2,238,790 | 0.3 | ||||||||||||||
82,000 | Factset Research Systems, Inc. | 16,410,660 | 2.5 | ||||||||||||||||
51,000 | Houlihan Lokey, Inc. | 1,876,800 | 0.3 | ||||||||||||||||
123,241 | Kinsale Capital Group, Inc. | 6,847,270 | 1.0 | ||||||||||||||||
12,175 | (1 | ) | LendingTree, Inc. | 2,673,264 | 0.4 | ||||||||||||||
80,000 | Moelis & Co. | 2,750,400 | 0.4 | ||||||||||||||||
136,500 | Morningstar, Inc. | 14,993,160 | 2.3 | ||||||||||||||||
181,000 | MSCI, Inc. - Class A | 26,684,830 | 4.0 | ||||||||||||||||
150,900 | (2 | ) | Oaktree Capital Group LLC | 5,998,275 | 0.9 | ||||||||||||||
226,825 | Primerica, Inc. | 22,163,071 | 3.3 | ||||||||||||||||
132,765,244 | 19.8 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Health Care: 10.2% | |||||||||||||||||||
94,500 | Bio-Techne Corp. | $ | 13,676,040 | 2.0 | |||||||||||||||
207,500 | Dechra Pharmaceuticals PLC | 5,482,379 | 0.8 | ||||||||||||||||
143,400 | (1 | ) | Idexx Laboratories, Inc. | 26,675,268 | 4.0 | ||||||||||||||
16,600 | (1 | ) | Mettler Toledo International, Inc. | 9,388,628 | 1.4 | ||||||||||||||
62,677 | (1 | ) | Neogen Corp. | 3,572,589 | 0.5 | ||||||||||||||
79,000 | West Pharmaceutical Services, Inc. | 7,744,370 | 1.2 | ||||||||||||||||
81,000 | (3 | ) | Other Securities | 1,673,460 | 0.3 | ||||||||||||||
68,212,734 | 10.2 | ||||||||||||||||||
Industrials: 7.4% | |||||||||||||||||||
64,300 | Air Lease Corp. | 1,942,503 | 0.3 | ||||||||||||||||
237,026 | (1 | ) | Bloom Energy Corp. | 2,365,519 | 0.3 | ||||||||||||||
112,625 | (1 | ) | CoStar Group, Inc. | 37,992,918 | 5.7 | ||||||||||||||
108,800 | (1 | ) | Trex Co., Inc. | 6,458,368 | 1.0 | ||||||||||||||
58,391 | (3 | ) | Other Securities | 1,034,350 | 0.1 | ||||||||||||||
49,793,658 | 7.4 | ||||||||||||||||||
Information Technology: 20.1% | |||||||||||||||||||
117,000 | (1 | ) | 2U, Inc. | 5,817,240 | 0.9 | ||||||||||||||
91,000 | (1 | ) | Altair Engineering, Inc. | 2,509,780 | 0.4 | ||||||||||||||
176,700 | (1 | ) | ANSYS, Inc. | 25,257,498 | 3.8 | ||||||||||||||
283,700 | (1 | ) | Benefitfocus, Inc. | 12,970,764 | 1.9 | ||||||||||||||
265,600 | (1 | ) | Gartner, Inc. | 33,954,304 | 5.1 | ||||||||||||||
164,000 | (1 | ) | Guidewire Software, Inc. | 13,157,720 | 1.9 | ||||||||||||||
15,000 | Littelfuse, Inc. | 2,572,200 | 0.4 | ||||||||||||||||
175,875 | Maximus, Inc. | 11,447,704 | 1.7 | ||||||||||||||||
470,000 | SS&C Technologies Holdings, Inc. | 21,201,700 | 3.2 | ||||||||||||||||
52,753 | (1 | ) | Wix.com Ltd. | 4,765,706 | 0.7 | ||||||||||||||
76,000 | (3 | ) | Other Securities | 889,200 | 0.1 | ||||||||||||||
134,543,816 | 20.1 | ||||||||||||||||||
Real Estate: 8.1% | |||||||||||||||||||
11,190 | Alexander's, Inc. | 3,410,041 | 0.5 | ||||||||||||||||
82,000 | Alexandria Real Estate Equities, Inc. | 9,449,680 | 1.4 | ||||||||||||||||
68,838 | American Assets Trust, Inc. | 2,765,222 | 0.4 | ||||||||||||||||
470,000 | Douglas Emmett, Inc. | 16,041,100 | 2.4 | ||||||||||||||||
699,650 | Gaming and Leisure Properties, Inc. | 22,605,692 | 3.4 | ||||||||||||||||
54,271,735 | 8.1 | ||||||||||||||||||
Total Common Stock (Cost $252,224,971) | 664,420,696 | 99.3 |
See Accompanying Notes to Financial Statements
115
SUMMARY PORTFOLIO OF INVESTMENTS
VY® BARON GROWTH PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.7% | |||||||||||||||||||
Mutual Funds: 0.7% | |||||||||||||||||||
4,545,339 | (4 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $4,545,339) | $ | 4,545,339 | 0.7 | |||||||||||||
Total Short-Term Investments (Cost $4,545,339) | 4,545,339 | 0.7 | |||||||||||||||||
Total Investments in Securities (Cost $256,770,310) | $ | 668,966,035 | 100.0 | ||||||||||||||||
Assets in Excess of Other Liabilities | 221,638 | 0.0 | |||||||||||||||||
Net Assets | $ | 669,187,673 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
(1) Non-income producing security.
(2) Security is a Master Limited Partnership.
(3) The grouping contains non-income producing securities.
(4) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Communication Services | $ | 28,724,235 | $ | — | $ | — | $ | 28,724,235 | |||||||||||
Consumer Discretionary | 186,426,731 | — | — | 186,426,731 | |||||||||||||||
Consumer Staples | 9,682,543 | — | — | 9,682,543 | |||||||||||||||
Financials | 132,765,244 | — | — | 132,765,244 | |||||||||||||||
Health Care | 62,730,355 | 5,482,379 | — | 68,212,734 | |||||||||||||||
Industrials | 49,793,658 | — | — | 49,793,658 | |||||||||||||||
Information Technology | 134,543,816 | — | — | 134,543,816 | |||||||||||||||
Real Estate | 54,271,735 | — | — | 54,271,735 | |||||||||||||||
Total Common Stock | 658,938,317 | 5,482,379 | — | 664,420,696 | |||||||||||||||
Short-Term Investments | 4,545,339 | — | — | 4,545,339 | |||||||||||||||
Total Investments, at fair value | $ | 663,483,656 | $ | 5,482,379 | $ | — | $ | 668,966,035 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $262,974,821.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 415,029,145 | |||||
Gross Unrealized Depreciation | (9,037,929 | ) | |||||
Net Unrealized Appreciation | $ | 405,991,216 |
See Accompanying Notes to Financial Statements
116
VY® COLUMBIA SUMMARY PORTFOLIO OF INVESTMENTS
CONTRARIAN CORE PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 97.7% | |||||||||||||||||||
Communication Services: 12.8% | |||||||||||||||||||
3,933 | (1 | ) | Alphabet, Inc. - Class A | $ | 4,109,828 | 1.6 | |||||||||||||
6,274 | (1 | ) | Alphabet, Inc. - Class C | 6,497,417 | 2.6 | ||||||||||||||
148,435 | AT&T, Inc. | 4,236,335 | 1.7 | ||||||||||||||||
148,309 | Comcast Corp. - Class A | 5,049,921 | 2.0 | ||||||||||||||||
49,240 | (1 | ) | Facebook, Inc. - Class A | 6,454,872 | 2.6 | ||||||||||||||
41,852 | Verizon Communications, Inc. | 2,352,919 | 0.9 | ||||||||||||||||
55,635 | (2 | ) | Other Securities | 3,471,081 | 1.4 | ||||||||||||||
32,172,373 | 12.8 | ||||||||||||||||||
Consumer Discretionary: 10.1% | |||||||||||||||||||
5,365 | (1 | ) | Amazon.com, Inc. | 8,058,069 | 3.2 | ||||||||||||||
84,755 | (1 | ) | eBay, Inc. | 2,379,073 | 1.0 | ||||||||||||||
46,209 | Lowe's Cos, Inc. | 4,267,863 | 1.7 | ||||||||||||||||
17,171 | McDonald's Corp. | 3,049,055 | 1.2 | ||||||||||||||||
24,940 | PVH Corp. | 2,318,173 | 0.9 | ||||||||||||||||
35,327 | Restaurant Brands International, Inc. | 1,847,602 | 0.7 | ||||||||||||||||
65,261 | Other Securities | 3,539,076 | 1.4 | ||||||||||||||||
25,458,911 | 10.1 | ||||||||||||||||||
Consumer Staples: 5.7% | |||||||||||||||||||
101,845 | Mondelez International, Inc. | 4,076,855 | 1.6 | ||||||||||||||||
80,350 | Philip Morris International, Inc. | 5,364,166 | 2.1 | ||||||||||||||||
31,324 | Sysco Corp. | 1,962,762 | 0.8 | ||||||||||||||||
89,241 | Other Securities | 3,006,527 | 1.2 | ||||||||||||||||
14,410,310 | 5.7 | ||||||||||||||||||
Energy: 5.2% | |||||||||||||||||||
97,653 | Canadian Natural Resources Ltd. | 2,356,367 | 0.9 | ||||||||||||||||
54,931 | Chevron Corp. | 5,975,943 | 2.4 | ||||||||||||||||
33,294 | EOG Resources, Inc. | 2,903,570 | 1.2 | ||||||||||||||||
40,825 | Other Securities | 1,736,848 | 0.7 | ||||||||||||||||
12,972,728 | 5.2 | ||||||||||||||||||
Financials: 15.4% | |||||||||||||||||||
58,515 | American International Group, Inc. | 2,306,076 | 0.9 | ||||||||||||||||
17,695 | Aon PLC | 2,572,145 | 1.0 | ||||||||||||||||
38,177 | (1 | ) | Berkshire Hathaway, Inc. - Class B | 7,794,980 | 3.1 | ||||||||||||||
6,916 | Blackrock, Inc. | 2,716,743 | 1.1 | ||||||||||||||||
98,042 | Citigroup, Inc. | 5,104,067 | 2.0 | ||||||||||||||||
71,418 | JPMorgan Chase & Co. | 6,971,825 | 2.8 | ||||||||||||||||
54,600 | Morgan Stanley | 2,164,890 | 0.9 | ||||||||||||||||
120,425 | Wells Fargo & Co. | 5,549,184 | 2.2 | ||||||||||||||||
71,731 | Other Securities | 3,494,362 | 1.4 | ||||||||||||||||
38,674,272 | 15.4 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Health Care: 16.7% | |||||||||||||||||||
27,328 | Abbott Laboratories | $ | 1,976,634 | 0.8 | |||||||||||||||
19,930 | (1 | ) | Alexion Pharmaceuticals, Inc. | 1,940,385 | 0.8 | ||||||||||||||
22,605 | Allergan PLC | 3,021,384 | 1.2 | ||||||||||||||||
16,380 | Anthem, Inc. | 4,301,879 | 1.7 | ||||||||||||||||
9,625 | (1 | ) | Biogen, Inc. | 2,896,355 | 1.2 | ||||||||||||||
9,698 | Cigna Corp. | 1,841,844 | 0.7 | ||||||||||||||||
42,685 | CVS Health Corp. | 2,796,721 | 1.1 | ||||||||||||||||
58,012 | Johnson & Johnson | 7,486,449 | 3.0 | ||||||||||||||||
66,628 | Medtronic PLC | 6,060,483 | 2.4 | ||||||||||||||||
165,511 | Pfizer, Inc. | 7,224,555 | 2.9 | ||||||||||||||||
48,730 | Other Securities | 2,270,775 | 0.9 | ||||||||||||||||
41,817,464 | 16.7 | ||||||||||||||||||
Industrials: 5.7% | |||||||||||||||||||
18,330 | Caterpillar, Inc. | 2,329,193 | 0.9 | ||||||||||||||||
34,032 | Honeywell International, Inc. | 4,496,308 | 1.8 | ||||||||||||||||
8,765 | Northrop Grumman Corp. | 2,146,549 | 0.8 | ||||||||||||||||
68,767 | Other Securities | 5,414,265 | 2.2 | ||||||||||||||||
14,386,315 | 5.7 | ||||||||||||||||||
Information Technology: 20.6% | |||||||||||||||||||
61,446 | Apple, Inc. | 9,692,492 | 3.8 | ||||||||||||||||
16,806 | Broadcom, Inc. | 4,273,430 | 1.7 | ||||||||||||||||
74,140 | Cisco Systems, Inc. | 3,212,486 | 1.3 | ||||||||||||||||
36,055 | Fidelity National Information Services, Inc. | 3,697,441 | 1.5 | ||||||||||||||||
113,555 | (1 | ) | First Data Corp. | 1,920,215 | 0.8 | ||||||||||||||
35,391 | Mastercard, Inc. - Class A | 6,676,512 | 2.6 | ||||||||||||||||
128,365 | Microsoft Corp. | 13,038,033 | 5.2 | ||||||||||||||||
22,590 | Total System Services, Inc. | 1,836,341 | 0.7 | ||||||||||||||||
63,560 | (2 | ) | Other Securities | 7,488,441 | 3.0 | ||||||||||||||
51,835,391 | 20.6 | ||||||||||||||||||
Materials: 2.3% | |||||||||||||||||||
47,986 | DowDuPont, Inc. | 2,566,292 | 1.0 | ||||||||||||||||
5,168 | Sherwin-Williams Co. | 2,033,401 | 0.8 | ||||||||||||||||
7,525 | Other Securities | 1,204,376 | 0.5 | ||||||||||||||||
5,804,069 | 2.3 | ||||||||||||||||||
Real Estate: 2.3% | |||||||||||||||||||
19,425 | American Tower Corp. | 3,072,841 | 1.2 | ||||||||||||||||
64,955 | Other Securities | 2,587,287 | 1.1 | ||||||||||||||||
5,660,128 | 2.3 |
See Accompanying Notes to Financial Statements
117
VY® COLUMBIA SUMMARY PORTFOLIO OF INVESTMENTS
CONTRARIAN CORE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Utilities: 0.9% | |||||||||||||||||||
30,980 | American Electric Power Co., Inc. | $ | 2,315,445 | 0.9 | |||||||||||||||
Total Common Stock (Cost $231,455,786) | 245,507,406 | 97.7 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
OTHER(3): —% | |||||||||||||||||||
Materials: —% | |||||||||||||||||||
649,000 | (4 | ),(5) | SINO Forest Corp. (Escrow), 0.000%, 08/01/2049 | $ | — | — | |||||||||||||
Total Other (Cost $—) | — | — | |||||||||||||||||
Total Long-Term Investments (Cost $231,455,786) | 245,507,406 | 97.7 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 2.1% | |||||||||||||||||||
Mutual Funds: 2.1% | |||||||||||||||||||
5,169,457 | (6 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $5,169,457) | $ | 5,169,457 | 2.1 | |||||||||||||
Total Short-Term Investments (Cost $5,169,457) | 5,169,457 | 2.1 | |||||||||||||||||
Total Investments in Securities (Cost $236,625,243) | $ | 250,676,863 | 99.8 | ||||||||||||||||
Assets in Excess of Other Liabilities | 595,262 | 0.2 | |||||||||||||||||
Net Assets | $ | 251,272,125 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
(1) Non-income producing security.
(2) The grouping contains non-income producing securities.
(3) Represents an escrow position for future entitlements, if any, on the defaulted bond. The escrow position was received in exchange for the defaulted bond as part of the bankruptcy reorganization of the bond issuer.
(4) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(5) Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2018, the Portfolio held restricted securities with a fair value of $— or 0.0% of net assets. Please refer to the table below for additional details.
(6) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock* | $ | 245,507,406 | $ | — | $ | — | $ | 245,507,406 | |||||||||||
Other | — | — | — | — | |||||||||||||||
Short-Term Investments | 5,169,457 | — | — | 5,169,457 | |||||||||||||||
Total Investments, at fair value | $ | 250,676,863 | $ | — | $ | — | $ | 250,676,863 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.
See Accompanying Notes to Financial Statements
118
VY® COLUMBIA SUMMARY PORTFOLIO OF INVESTMENTS
CONTRARIAN CORE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, VY® Columbia Contrarian Core Portfolio held the following restricted securities:
Security | Acquisition Date | Acquisition Cost | Fair Value | ||||||||||||
SINO Forest Corp. (Escrow) | 3/1/2013 | $ | — | $ | — | ||||||||||
$ | — | $ | — |
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $237,845,250.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 31,077,117 | |||||
Gross Unrealized Depreciation | (18,245,505 | ) | |||||
Net Unrealized Appreciation | $ | 12,831,612 |
See Accompanying Notes to Financial Statements
119
VY® COLUMBIA SUMMARY PORTFOLIO OF INVESTMENTS
SMALL CAP VALUE II PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 96.3% | |||||||||||||||||||
Communication Services: 1.8% | |||||||||||||||||||
23,000 | Nexstar Media Group, Inc. | $ | 1,808,720 | 1.2 | |||||||||||||||
109,000 | (1 | ) | Other Securities | 951,570 | 0.6 | ||||||||||||||
2,760,290 | 1.8 | ||||||||||||||||||
Consumer Discretionary: 8.4% | |||||||||||||||||||
39,000 | Aarons, Inc. | 1,639,950 | 1.0 | ||||||||||||||||
42,000 | (2 | ) | Adtalem Global Education, Inc. | 1,987,440 | 1.3 | ||||||||||||||
37,000 | Brinker International, Inc. | 1,627,260 | 1.0 | ||||||||||||||||
24,000 | Dine Brands Global, Inc. | 1,616,160 | 1.0 | ||||||||||||||||
362,151 | (1 | ) | Other Securities | 6,461,189 | 4.1 | ||||||||||||||
13,331,999 | 8.4 | ||||||||||||||||||
Consumer Staples: 2.3% | |||||||||||||||||||
82,000 | (2 | ) | BJ's Wholesale Club Holdings, Inc. | 1,817,120 | 1.1 | ||||||||||||||
36,000 | (2 | ) | TreeHouse Foods, Inc. | 1,825,560 | 1.2 | ||||||||||||||
3,642,680 | 2.3 | ||||||||||||||||||
Energy: 4.5% | |||||||||||||||||||
21,500 | Arch Coal, Inc. | 1,784,285 | 1.1 | ||||||||||||||||
737,200 | (1 | ) | Other Securities | 5,348,937 | 3.4 | ||||||||||||||
7,133,222 | 4.5 | ||||||||||||||||||
Financials: 29.2% | |||||||||||||||||||
53,000 | American Equity Investment Life Holding Co. | 1,480,820 | 0.9 | ||||||||||||||||
47,000 | Ameris Bancorp. | 1,488,490 | 0.9 | ||||||||||||||||
30,000 | Amerisafe, Inc. | 1,700,700 | 1.1 | ||||||||||||||||
35,000 | Argo Group International Holdings Ltd. | 2,353,750 | 1.5 | ||||||||||||||||
61,000 | (2 | ) | Axos Financial, Inc. | 1,535,980 | 1.0 | ||||||||||||||
58,000 | Cathay General Bancorp. | 1,944,740 | 1.2 | ||||||||||||||||
44,000 | Community Bank System, Inc. | 2,565,200 | 1.6 | ||||||||||||||||
47,500 | Hancock Whitney Corp. | 1,645,875 | 1.0 | ||||||||||||||||
52,000 | Heritage Financial Corp. | 1,545,440 | 1.0 | ||||||||||||||||
43,500 | Houlihan Lokey, Inc. | 1,600,800 | 1.0 | ||||||||||||||||
32,500 | Independent Bank Corp. | 2,285,075 | 1.5 | ||||||||||||||||
183,000 | (2 | ) | MGIC Investment Corp. | 1,914,180 | 1.2 | ||||||||||||||
58,000 | (2 | ) | Pacific Premier Bancorp, Inc. | 1,480,160 | 0.9 | ||||||||||||||
63,500 | Renasant Corp. | 1,916,430 | 1.2 | ||||||||||||||||
62,000 | Sandy Spring Bancorp, Inc. | 1,943,080 | 1.2 | ||||||||||||||||
80,000 | TCF Financial Corp. | 1,559,200 | 1.0 | ||||||||||||||||
31,500 | UMB Financial Corp. | 1,920,555 | 1.2 | ||||||||||||||||
75,500 | Union Bankshares Corp. | 2,131,365 | 1.4 | ||||||||||||||||
51,000 | WSFS Financial Corp. | 1,933,410 | 1.2 | ||||||||||||||||
712,324 | (1 | ) | Other Securities | 11,336,075 | 7.2 | ||||||||||||||
46,281,325 | 29.2 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Health Care: 5.0% | |||||||||||||||||||
78,000 | (2 | ) | Horizon Pharma PLC | $ | 1,524,120 | 1.0 | |||||||||||||
24,000 | (2 | ) | LHC Group, Inc. | 2,253,120 | 1.4 | ||||||||||||||
26,700 | (2 | ) | Merit Medical Systems, Inc. | 1,490,127 | 1.0 | ||||||||||||||
184,900 | (1 | ) | Other Securities | 2,582,406 | 1.6 | ||||||||||||||
7,849,773 | 5.0 | ||||||||||||||||||
Industrials: 14.8% | |||||||||||||||||||
33,000 | Armstrong World Industries, Inc. | 1,920,930 | 1.2 | ||||||||||||||||
31,000 | Barnes Group, Inc. | 1,662,220 | 1.0 | ||||||||||||||||
36,500 | Granite Construction, Inc. | 1,470,220 | 0.9 | ||||||||||||||||
26,000 | ICF International, Inc. | 1,684,280 | 1.1 | ||||||||||||||||
52,500 | Kennametal, Inc. | 1,747,200 | 1.1 | ||||||||||||||||
42,361 | (2 | ) | Mastec, Inc. | 1,718,162 | 1.1 | ||||||||||||||
35,500 | Skywest, Inc. | 1,578,685 | 1.0 | ||||||||||||||||
572,343 | (1 | ) | Other Securities | 11,754,595 | 7.4 | ||||||||||||||
23,536,292 | 14.8 | ||||||||||||||||||
Information Technology: 9.7% | |||||||||||||||||||
56,500 | (2 | ) | Ciena Corp. | 1,915,915 | 1.2 | ||||||||||||||
596,100 | (1 | ) | Other Securities | 13,520,679 | 8.5 | ||||||||||||||
15,436,594 | 9.7 | ||||||||||||||||||
Materials: 5.3% | |||||||||||||||||||
75,000 | (2 | ) | Allegheny Technologies, Inc. | 1,632,750 | 1.0 | ||||||||||||||
35,500 | Materion Corp. | 1,597,145 | 1.0 | ||||||||||||||||
64,000 | Orion Engineered Carbons SA | 1,617,920 | 1.0 | ||||||||||||||||
237,501 | (1 | ) | Other Securities | 3,577,615 | 2.3 | ||||||||||||||
8,425,430 | 5.3 | ||||||||||||||||||
Real Estate: 8.8% | |||||||||||||||||||
43,000 | American Assets Trust, Inc. | 1,727,310 | 1.0 | ||||||||||||||||
72,000 | Chesapeake Lodging Trust | 1,753,200 | 1.1 | ||||||||||||||||
78,000 | First Industrial Realty Trust, Inc. | 2,251,080 | 1.4 | ||||||||||||||||
17,500 | PS Business Parks, Inc. | 2,292,500 | 1.5 | ||||||||||||||||
129,000 | Sunstone Hotel Investors, Inc. | 1,678,290 | 1.1 | ||||||||||||||||
227,000 | Other Securities | 4,277,760 | 2.7 | ||||||||||||||||
13,980,140 | 8.8 | ||||||||||||||||||
Utilities: 6.5% | |||||||||||||||||||
53,500 | New Jersey Resources Corp. | 2,443,345 | 1.5 | ||||||||||||||||
25,000 | ONE Gas, Inc. | 1,990,000 | 1.3 | ||||||||||||||||
40,000 | Portland General Electric Co. | 1,834,000 | 1.1 | ||||||||||||||||
55,000 | South Jersey Industries, Inc. | 1,529,000 | 1.0 | ||||||||||||||||
46,800 | Other Securities | 2,578,097 | 1.6 | ||||||||||||||||
10,374,442 | 6.5 | ||||||||||||||||||
Total Common Stock (Cost $152,831,246) | 152,752,187 | 96.3 |
See Accompanying Notes to Financial Statements
120
VY® COLUMBIA SUMMARY PORTFOLIO OF INVESTMENTS
SMALL CAP VALUE II PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.6% | |||||||||||||||||||
Mutual Funds: 1.6% | |||||||||||||||||||
2,508,689 | (3 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $2,508,689) | $ | 2,508,689 | 1.6 | |||||||||||||
Total Short-Term Investments (Cost $2,508,689) | 2,508,689 | 1.6 | |||||||||||||||||
Total Investments in Securities (Cost $155,339,935) | $ | 155,260,876 | 97.9 | ||||||||||||||||
Assets in Excess of Other Liabilities | 3,404,041 | 2.1 | |||||||||||||||||
Net Assets | $ | 158,664,917 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
(1) The grouping contains non-income producing securities.
(2) Non-income producing security.
(3) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock* | $ | 152,752,187 | $ | — | $ | — | $ | 152,752,187 | |||||||||||
Short-Term Investments | 2,508,689 | — | — | 2,508,689 | |||||||||||||||
Total Investments, at fair value | $ | 155,260,876 | $ | — | $ | — | $ | 155,260,876 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $155,345,638.
Net unrealized depreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 18,699,077 | |||||
Gross Unrealized Depreciation | (18,783,839 | ) | |||||
Net Unrealized Depreciation | $ | (84,762 | ) |
See Accompanying Notes to Financial Statements
121
SUMMARY PORTFOLIO OF INVESTMENTS
VY® INVESCO COMSTOCK PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 92.2% | |||||||||||||||||||
Communication Services: 4.4% | |||||||||||||||||||
15,392 | (1 | ) | Charter Communications, Inc. | $ | 4,386,258 | 0.9 | |||||||||||||
130,111 | Comcast Corp. - Class A | 4,430,280 | 1.0 | ||||||||||||||||
97,996 | Verizon Communications, Inc. | 5,509,335 | 1.2 | ||||||||||||||||
1,560,021 | Other Securities | 6,169,946 | 1.3 | ||||||||||||||||
20,495,819 | 4.4 | ||||||||||||||||||
Consumer Discretionary: 6.9% | |||||||||||||||||||
177,717 | Carnival Corp. | 8,761,448 | 1.9 | ||||||||||||||||
264,667 | (1 | ) | eBay, Inc. | 7,429,203 | 1.6 | ||||||||||||||
269,651 | General Motors Co. | 9,019,826 | 2.0 | ||||||||||||||||
143,742 | Other Securities | 6,622,846 | 1.4 | ||||||||||||||||
31,833,323 | 6.9 | ||||||||||||||||||
Consumer Staples: 4.5% | |||||||||||||||||||
69,554 | Danone | 4,902,353 | 1.1 | ||||||||||||||||
62,074 | Kimberly-Clark Corp. | 7,072,711 | 1.5 | ||||||||||||||||
164,050 | Other Securities | 8,692,861 | 1.9 | ||||||||||||||||
20,667,925 | 4.5 | ||||||||||||||||||
Energy: 16.1% | |||||||||||||||||||
233,140 | BP PLC ADR | 8,840,669 | 1.9 | ||||||||||||||||
162,573 | Canadian Natural Resources Ltd. | 3,922,616 | 0.9 | ||||||||||||||||
82,047 | Chevron Corp. | 8,925,893 | 1.9 | ||||||||||||||||
243,165 | Devon Energy Corp. | 5,480,939 | 1.2 | ||||||||||||||||
120,940 | Hess Corp. | 4,898,070 | 1.1 | ||||||||||||||||
539,955 | Marathon Oil Corp. | 7,742,955 | 1.7 | ||||||||||||||||
63,610 | Occidental Petroleum Corp. | 3,904,382 | 0.8 | ||||||||||||||||
177,423 | Royal Dutch Shell PLC - Class A ADR | 10,338,438 | 2.2 | ||||||||||||||||
323,459 | Suncor Energy, Inc. | 9,047,148 | 2.0 | ||||||||||||||||
606,038 | Other Securities | 11,203,786 | 2.4 | ||||||||||||||||
74,304,896 | 16.1 | ||||||||||||||||||
Financials: 28.5% | |||||||||||||||||||
247,423 | American International Group, Inc. | 9,750,940 | 2.1 | ||||||||||||||||
54,767 | Allstate Corp. | 4,525,397 | 1.0 | ||||||||||||||||
166,049 | Ally Financial, Inc. | 3,762,670 | 0.8 | ||||||||||||||||
823,905 | Bank of America Corp. | 20,301,019 | 4.4 | ||||||||||||||||
123,181 | Bank of New York Mellon Corp. | 5,798,130 | 1.3 | ||||||||||||||||
395,559 | Citigroup, Inc. | 20,592,802 | 4.4 | ||||||||||||||||
164,801 | Citizens Financial Group, Inc. | 4,899,534 | 1.1 | ||||||||||||||||
286,151 | Fifth Third Bancorp | 6,733,133 | 1.5 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
24,252 | Goldman Sachs Group, Inc. | $ | 4,051,297 | 0.9 | |||||||||||||||
167,996 | JPMorgan Chase & Co. | 16,399,769 | 3.5 | ||||||||||||||||
170,590 | Metlife, Inc. | 7,004,425 | 1.5 | ||||||||||||||||
199,105 | Morgan Stanley | 7,894,513 | 1.7 | ||||||||||||||||
52,541 | PNC Financial Services Group, Inc. | 6,142,568 | 1.3 | ||||||||||||||||
89,769 | State Street Corp. | 5,661,731 | 1.2 | ||||||||||||||||
148,433 | Wells Fargo & Co. | 6,839,793 | 1.5 | ||||||||||||||||
104,083 | Other Securities | 1,538,347 | 0.3 | ||||||||||||||||
131,896,068 | 28.5 | ||||||||||||||||||
Health Care: 15.1% | |||||||||||||||||||
54,768 | Allergan PLC | 7,320,291 | 1.6 | ||||||||||||||||
34,060 | Anthem, Inc. | 8,945,178 | 1.9 | ||||||||||||||||
65,851 | CVS Health Corp. | 4,314,557 | 0.9 | ||||||||||||||||
85,826 | Gilead Sciences, Inc. | 5,368,416 | 1.2 | ||||||||||||||||
56,062 | Medtronic PLC | 5,099,400 | 1.1 | ||||||||||||||||
88,340 | Merck & Co., Inc. | 6,750,059 | 1.5 | ||||||||||||||||
148,433 | (1 | ) | Mylan NV | 4,067,064 | 0.9 | ||||||||||||||
45,618 | Novartis AG | 3,906,920 | 0.8 | ||||||||||||||||
183,318 | Pfizer, Inc. | 8,001,831 | 1.7 | ||||||||||||||||
161,009 | Sanofi ADR | 6,989,401 | 1.5 | ||||||||||||||||
153,426 | Other Securities | 9,132,869 | 2.0 | ||||||||||||||||
69,895,986 | 15.1 | ||||||||||||||||||
Industrials: 5.9% | |||||||||||||||||||
81,048 | Eaton Corp. PLC | 5,564,756 | 1.2 | ||||||||||||||||
247,552 | Johnson Controls International plc | 7,339,917 | 1.6 | ||||||||||||||||
469,704 | Other Securities | 14,250,167 | 3.1 | ||||||||||||||||
27,154,840 | 5.9 | ||||||||||||||||||
Information Technology: 8.6% | |||||||||||||||||||
259,963 | Cisco Systems, Inc. | 11,264,197 | 2.4 | ||||||||||||||||
61,912 | Cognizant Technology Solutions Corp. | 3,930,174 | 0.8 | ||||||||||||||||
194,625 | Intel Corp. | 9,133,751 | 2.0 | ||||||||||||||||
67,388 | Microsoft Corp. | 6,844,599 | 1.5 | ||||||||||||||||
129,506 | Qualcomm, Inc. | 7,370,186 | 1.6 | ||||||||||||||||
22,480 | Other Securities | 1,341,382 | 0.3 | ||||||||||||||||
39,884,289 | 8.6 | ||||||||||||||||||
Materials: 2.2% | |||||||||||||||||||
170,085 | International Paper Co. | 6,864,631 | 1.5 | ||||||||||||||||
79,944 | Other Securities | 3,478,363 | 0.7 | ||||||||||||||||
10,342,994 | 2.2 | ||||||||||||||||||
Total Common Stock (Cost $420,311,420) | 426,476,140 | 92.2 |
See Accompanying Notes to Financial Statements
122
SUMMARY PORTFOLIO OF INVESTMENTS
VY® INVESCO COMSTOCK PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
CLOSED-END FUNDS: 0.4% | |||||||||||||||||||
Consumer Discretionary: 0.4% | |||||||||||||||||||
33,321 | (2 | ) | Other Securities | $ | 1,930,619 | 0.4 | |||||||||||||
Total Closed-End Funds (Cost $1,186,454) | 1,930,619 | 0.4 | |||||||||||||||||
Total Long-Term Investments (Cost $421,497,874) | 428,406,759 | 92.6 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 4.5% | |||||||||||||||||||
Mutual Funds: 4.5% | |||||||||||||||||||
20,983,920 | (3 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $20,983,920) | 20,983,920 | 4.5 | ||||||||||||||
Total Short-Term Investments (Cost $20,983,920) | 20,983,920 | 4.5 | |||||||||||||||||
Total Investments in Securities (Cost $442,481,794) | $ | 449,390,679 | 97.1 | ||||||||||||||||
Assets in Excess of Other Liabilities | 13,310,199 | 2.9 | |||||||||||||||||
Net Assets | $ | 462,700,878 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
ADR American Depositary Receipt
(1) Non-income producing security.
(2) The grouping contains non-income producing securities.
(3) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Communication Services | $ | 17,608,677 | $ | 2,887,142 | $ | — | $ | 20,495,819 | |||||||||||
Consumer Discretionary | 31,833,323 | — | — | 31,833,323 | |||||||||||||||
Consumer Staples | 12,409,615 | 8,258,310 | — | 20,667,925 | |||||||||||||||
Energy | 74,304,896 | — | — | 74,304,896 | |||||||||||||||
Financials | 131,896,068 | — | — | 131,896,068 | |||||||||||||||
Health Care | 65,989,066 | 3,906,920 | — | 69,895,986 | |||||||||||||||
Industrials | 27,154,840 | — | — | 27,154,840 | |||||||||||||||
Information Technology | 39,884,289 | — | — | 39,884,289 | |||||||||||||||
Materials | 10,342,994 | — | — | 10,342,994 | |||||||||||||||
Total Common Stock | 411,423,768 | 15,052,372 | — | 426,476,140 | |||||||||||||||
Closed-End Funds | 1,930,619 | — | — | 1,930,619 | |||||||||||||||
Short-Term Investments | 20,983,920 | — | — | 20,983,920 | |||||||||||||||
Total Investments, at fair value | $ | 434,338,307 | $ | 15,052,372 | $ | — | $ | 449,390,679 | |||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Forward Foreign Currency Contracts | — | 130,411 | — | 130,411 | |||||||||||||||
Total Assets | $ | 434,338,307 | $ | 15,182,783 | $ | — | $ | 449,521,090 | |||||||||||
Liabilities Table | |||||||||||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Forward Foreign Currency Contracts | $ | — | $ | (203,696 | ) | $ | — | $ | (203,696 | ) | |||||||||
Total Liabilities | $ | — | $ | (203,696 | ) | $ | — | $ | (203,696 | ) |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
See Accompanying Notes to Financial Statements
123
SUMMARY PORTFOLIO OF INVESTMENTS
VY® INVESCO COMSTOCK PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
+ 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
At December 31, 2018, the following forward foreign currency contracts were outstanding for VY® Invesco Comstock Portfolio:
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||
USD | 3,433,014 | CAD | 4,595,381 | CIBC World Markets Corp. | 01/18/19 | $ | 65,533 | ||||||||||||
USD | 3,879,843 | GBP | 3,072,279 | Goldman Sachs International | 01/18/19 | (39,183 | ) | ||||||||||||
USD | 5,642,320 | EUR | 4,963,641 | Goldman Sachs International | 01/18/19 | (52,356 | ) | ||||||||||||
USD | 3,432,384 | CAD | 4,595,417 | RBC Capital Markets Corp. | 01/18/19 | 64,878 | |||||||||||||
USD | 3,878,614 | GBP | 3,072,252 | RBC Capital Markets Corp. | 01/18/19 | (40,377 | ) | ||||||||||||
USD | 2,004,210 | CHF | 1,984,839 | RBC Capital Markets Corp. | 01/18/19 | (18,045 | ) | ||||||||||||
USD | 5,640,903 | EUR | 4,963,609 | RBC Capital Markets Corp. | 01/18/19 | (53,735 | ) | ||||||||||||
$ | (73,285 | ) |
Currency Abbreviations
CAD — Canadian Dollar
CHF — Swiss Franc
EUR — EU Euro
GBP — British Pound
USD — United States Dollar
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of December 31, 2018 was as follows:
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | |||||||||
Asset Derivatives | |||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 130,411 | ||||||||
Total Asset Derivatives | $ | 130,411 | |||||||||
Liability Derivatives | |||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 203,696 | ||||||||
Total Liability Derivatives | $ | 203,696 |
The effect of derivative instruments on the Portfolio's Statement of Operations for the year ended December 31, 2018 was as follows:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 1,012,571 | |||||
Total | $ | 1,012,571 | |||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 737,208 | |||||
Total | $ | 737,208 |
See Accompanying Notes to Financial Statements
124
SUMMARY PORTFOLIO OF INVESTMENTS
VY® INVESCO COMSTOCK PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at December 31, 2018:
CIBC World Markets Corp. | Goldman Sachs International | RBC Capital Markets Corp. | Totals | ||||||||||||||||
Assets: | |||||||||||||||||||
Forward foreign currency contracts | $ | 65,533 | $ | — | $ | 64,878 | $ | 130,411 | |||||||||||
Total Assets | $ | 65,533 | $ | — | $ | 64,878 | $ | 130,411 | |||||||||||
Liabilities: | |||||||||||||||||||
Forward foreign currency contracts | $ | — | $ | 91,539 | $ | 112,157 | $ | 203,696 | |||||||||||
Total Liabilities | $ | — | $ | 91,539 | $ | 112,157 | $ | 203,696 | |||||||||||
Net OTC derivative instruments by counterparty, at fair value | $ | 65,533 | $ | (91,539 | ) | $ | (47,279 | ) | $ | (73,285 | ) | ||||||||
Total collateral pledged by the Portfolio/(Received from counterparty) | $ | — | $ | — | $ | — | $ | — | |||||||||||
Net Exposure(1) | $ | 65,533 | $ | (91,539 | ) | $ | (47,279 | ) | $ | (73,285 | ) |
(1) Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Portfolio. Please refer to Note 2 for additional details regarding counterparty credit risk and credit related contingent features.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $446,929,923.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 48,897,995 | |||||
Gross Unrealized Depreciation | (46,509,240 | ) | |||||
Net Unrealized Appreciation | $ | 2,388,755 |
See Accompanying Notes to Financial Statements
125
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 60.2% | |||||||||||||||||||
Communication Services: 2.2% | |||||||||||||||||||
49,041 | (1 | ) | Charter Communications, Inc. | $ | 13,975,214 | 1.1 | |||||||||||||
258,458 | Comcast Corp. - Class A | 8,800,495 | 0.7 | ||||||||||||||||
130,894 | Other Securities | 5,722,685 | 0.4 | ||||||||||||||||
28,498,394 | 2.2 | ||||||||||||||||||
Consumer Discretionary: 4.7% | |||||||||||||||||||
346,722 | Carnival Corp. | 17,093,395 | 1.3 | ||||||||||||||||
337,603 | (1 | ) | eBay, Inc. | 9,476,516 | 0.7 | ||||||||||||||
594,983 | General Motors Co. | 19,902,181 | 1.6 | ||||||||||||||||
3,122,460 | Kingfisher PLC | 8,209,858 | 0.6 | ||||||||||||||||
167,879 | (2 | ) | Other Securities | 6,365,972 | 0.5 | ||||||||||||||
61,047,922 | 4.7 | ||||||||||||||||||
Consumer Staples: 3.4% | |||||||||||||||||||
437,028 | Mondelez International, Inc. | 17,494,231 | 1.3 | ||||||||||||||||
252,520 | Philip Morris International, Inc. | 16,858,235 | 1.3 | ||||||||||||||||
322,379 | (1 | ) | US Foods Holding Corp. | 10,200,072 | 0.8 | ||||||||||||||
44,552,538 | 3.4 | ||||||||||||||||||
Energy: 8.4% | |||||||||||||||||||
241,924 | Anadarko Petroleum Corp. | 10,605,948 | 0.8 | ||||||||||||||||
2,196,846 | BP PLC | 13,887,774 | 1.1 | ||||||||||||||||
548,350 | Devon Energy Corp. | 12,359,809 | 1.0 | ||||||||||||||||
255,832 | Occidental Petroleum Corp. | 15,702,968 | 1.2 | ||||||||||||||||
620,591 | Royal Dutch Shell PLC - Class A | 18,265,756 | 1.4 | ||||||||||||||||
493,359 | TechnipFMC PLC | 9,659,969 | 0.7 | ||||||||||||||||
1,304,274 | Other Securities | 28,948,349 | 2.2 | ||||||||||||||||
109,430,573 | 8.4 | ||||||||||||||||||
Financials: 18.0% | |||||||||||||||||||
515,577 | American International Group, Inc. | 20,318,890 | 1.6 | ||||||||||||||||
57,157 | Aon PLC | 8,308,341 | 0.6 | ||||||||||||||||
1,250,507 | Bank of America Corp. | 30,812,492 | 2.4 | ||||||||||||||||
633,459 | Citigroup, Inc. | 32,977,876 | 2.5 | ||||||||||||||||
511,869 | Citizens Financial Group, Inc. | 15,217,865 | 1.2 | ||||||||||||||||
393,402 | Fifth Third Bancorp | 9,256,749 | 0.7 | ||||||||||||||||
42,225 | Goldman Sachs Group, Inc. | 7,053,686 | 0.5 | ||||||||||||||||
264,106 | JPMorgan Chase & Co. | 25,782,028 | 2.0 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
488,442 | Morgan Stanley | $ | 19,366,725 | 1.5 | |||||||||||||||
96,505 | PNC Financial Services Group, Inc. | 11,282,400 | 0.9 | ||||||||||||||||
150,651 | State Street Corp. | 9,501,559 | 0.7 | ||||||||||||||||
358,433 | Wells Fargo & Co. | 16,516,593 | 1.3 | ||||||||||||||||
78,084 | Willis Towers Watson PLC | 11,857,836 | 0.9 | ||||||||||||||||
725,829 | Other Securities | 15,260,563 | 1.2 | ||||||||||||||||
233,513,603 | 18.0 | ||||||||||||||||||
Health Care: 11.1% | |||||||||||||||||||
32,645 | Anthem, Inc. | 8,573,556 | 0.7 | ||||||||||||||||
208,720 | Bristol-Myers Squibb Co. | 10,849,266 | 0.8 | ||||||||||||||||
306,518 | CVS Health Corp. | 20,083,059 | 1.6 | ||||||||||||||||
202,799 | Johnson & Johnson | 26,171,211 | 2.0 | ||||||||||||||||
100,778 | McKesson Corp. | 11,132,946 | 0.9 | ||||||||||||||||
108,249 | Medtronic PLC | 9,846,329 | 0.8 | ||||||||||||||||
178,229 | Merck & Co., Inc. | 13,618,478 | 1.0 | ||||||||||||||||
178,397 | Novartis AG | 15,278,680 | 1.1 | ||||||||||||||||
114,968 | Sanofi | 9,973,474 | 0.8 | ||||||||||||||||
108,885 | Zimmer Biomet Holdings, Inc. | 11,293,552 | 0.9 | ||||||||||||||||
104,873 | (2 | ) | Other Securities | 6,721,311 | 0.5 | ||||||||||||||
143,541,862 | 11.1 | ||||||||||||||||||
Industrials: 3.8% | |||||||||||||||||||
154,956 | CSX Corp. | 9,627,416 | 0.8 | ||||||||||||||||
100,532 | General Dynamics Corp. | 15,804,636 | 1.2 | ||||||||||||||||
117,814 | Ingersoll-Rand PLC - Class A | 10,748,171 | 0.8 | ||||||||||||||||
433,204 | Johnson Controls International plc | 12,844,499 | 1.0 | ||||||||||||||||
49,024,722 | 3.8 | ||||||||||||||||||
Information Technology: 6.2% | |||||||||||||||||||
392,368 | Cisco Systems, Inc. | 17,001,305 | 1.3 | ||||||||||||||||
148,719 | Cognizant Technology Solutions Corp. | 9,440,682 | 0.7 | ||||||||||||||||
325,184 | Intel Corp. | 15,260,885 | 1.2 | ||||||||||||||||
380,305 | Oracle Corp. | 17,170,771 | 1.3 | ||||||||||||||||
263,742 | Qualcomm, Inc. | 15,009,557 | 1.2 | ||||||||||||||||
237,028 | Other Securities | 6,378,424 | 0.5 | ||||||||||||||||
80,261,624 | 6.2 | ||||||||||||||||||
Materials: 1.7% | |||||||||||||||||||
664,964 | Other Securities | 21,942,892 | 1.7 | ||||||||||||||||
Utilities: 0.7% | |||||||||||||||||||
178,016 | Other Securities | 9,522,287 | 0.7 | ||||||||||||||||
Total Common Stock (Cost $783,169,664) | 781,336,417 | 60.2 |
See Accompanying Notes to Financial Statements
126
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
PREFERRED STOCK: 0.8% | |||||||||||||||||||
Energy: 0.5% | |||||||||||||||||||
140,612 | (2 | ) | Other Securities | $ | 5,870,551 | 0.5 | |||||||||||||
Financials: 0.3% | |||||||||||||||||||
4,000 | (1 | ),(3),(4) | Wells Fargo & Co. | 98,280 | 0.0 | ||||||||||||||
75,900 | (2 | ) | Other Securities | 3,662,175 | 0.3 | ||||||||||||||
3,760,455 | 0.3 | ||||||||||||||||||
Total Preferred Stock (Cost $10,847,296) | 9,631,006 | 0.8 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
CORPORATE BONDS/NOTES: 12.9% | |||||||||||||||||||
Basic Materials: 0.1% | |||||||||||||||||||
770,000 | (5 | ) | Basell Finance Co. BV, 8.100%, 03/15/2027 | $ | 927,867 | 0.0 | |||||||||||||
968,000 | Other Securities | 993,511 | 0.1 | ||||||||||||||||
1,921,378 | 0.1 | ||||||||||||||||||
Communications: 1.5% | |||||||||||||||||||
20,556,000 | Other Securities | 19,943,141 | 1.5 | ||||||||||||||||
Consumer, Cyclical: 1.1% | |||||||||||||||||||
137,000 | (5 | ) | Alimentation Couche-Tard, Inc., 4.500%, 07/26/2047 | 126,078 | 0.0 | ||||||||||||||
445,862 | (5 | ) | Virgin Australia 2013-1A Pass Through Trust, 5.000%, 04/23/2025 | 452,505 | 0.0 | ||||||||||||||
14,090,957 | Other Securities | 13,520,305 | 1.1 | ||||||||||||||||
14,098,888 | 1.1 | ||||||||||||||||||
Consumer, Non-cyclical: 2.5% | |||||||||||||||||||
1,475,000 | (5 | ) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.700%, 02/01/2036 | 1,377,435 | 0.1 | ||||||||||||||
1,646,000 | (5 | ) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, 02/01/2046 | 1,531,739 | 0.1 | ||||||||||||||
315,000 | (5 | ) | Bayer US Finance II LLC, 2.125%, 07/15/2019 | 312,571 | 0.0 | ||||||||||||||
498,000 | (5 | ) | Bayer US Finance II LLC, 4.375%, 12/15/2028 | 476,706 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
1,200,000 | (5 | ) | Bayer US Finance LLC, 2.375%, 10/08/2019 | $ | 1,190,645 | 0.1 | |||||||||||||
981,000 | (5 | ) | Bayer US Finance LLC, 3.000%, 10/08/2021 | 959,778 | 0.1 | ||||||||||||||
107,000 | (5 | ) | Cigna Corp., 4.800%, 08/15/2038 | 106,435 | 0.0 | ||||||||||||||
965,000 | (5 | ) | ERAC USA Finance LLC, 2.350%, 10/15/2019 | 958,593 | 0.1 | ||||||||||||||
1,232,000 | (5 | ) | Heineken NV, 3.500%, 01/29/2028 | 1,191,017 | 0.1 | ||||||||||||||
1,095,000 | Philip Morris International, Inc., 3.600%-4.875%, 11/15/2023- 11/15/2043 | 1,091,564 | 0.1 | ||||||||||||||||
22,294,709 | (6 | ) | Other Securities | 22,944,815 | 1.8 | ||||||||||||||
32,141,298 | 2.5 | ||||||||||||||||||
Energy: 0.9% | |||||||||||||||||||
12,772,000 | Other Securities | 12,359,718 | 0.9 | ||||||||||||||||
Financial: 5.2% | |||||||||||||||||||
1,535,000 | American International Group, Inc., 2.300%-4.375%, 07/16/2019- 01/15/2055 | 1,345,056 | 0.1 | ||||||||||||||||
455,000 | (5 | ) | ANZ New Zealand Int'l Ltd./London, 2.875%, 01/25/2022 | 446,406 | 0.0 | ||||||||||||||
440,000 | (5 | ) | Apollo Management Holdings L.P., 4.000%, 05/30/2024 | 440,410 | 0.0 | ||||||||||||||
1,555,000 | (5 | ) | Athene Global Funding, 4.000%, 01/25/2022 | 1,571,529 | 0.1 | ||||||||||||||
725,000 | (5 | ) | BBVA Bancomer SA/Texas, 4.375%, 04/10/2024 | 715,038 | 0.1 | ||||||||||||||
130,000 | (5 | ) | Carlyle Holdings Finance LLC, 3.875%, 02/01/2023 | 130,763 | 0.0 | ||||||||||||||
595,000 | Citizens Financial Group, Inc., 2.375%, 07/28/2021 | 579,992 | 0.0 | ||||||||||||||||
1,335,000 | (5 | ) | Commonwealth Bank of Australia, 2.250%, 03/10/2020 | 1,323,294 | 0.1 | ||||||||||||||
895,000 | (4 | ),(5) | Cooperatieve Centrale Raiffeisen- Boerenleenbank BA/Netherlands, 11.000%, 12/31/2199 | 927,444 | 0.1 |
See Accompanying Notes to Financial Statements
127
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Financial (continued) | |||||||||||||||||||
472,000 | (5 | ) | Credit Suisse AG, 6.500%, 08/08/2023 | $ | 493,540 | 0.0 | |||||||||||||
1,175,000 | Goldman Sachs Group, Inc., 4.250%-5.250%, 07/27/2021- 10/21/2025 | 1,154,934 | 0.1 | ||||||||||||||||
670,000 | (5 | ) | Jackson National Life Global Funding, 2.100%, 10/25/2021 | 646,776 | 0.1 | ||||||||||||||
620,000 | (5 | ) | Jackson National Life Global Funding, 3.250%, 01/30/2024 | 608,303 | 0.0 | �� | |||||||||||||
4,430,000 | (4 | ) | JPMorgan Chase & Co., 3.200%-5.000%, 06/15/2026- 12/31/2199 | 4,113,990 | 0.3 | ||||||||||||||
443,000 | (5 | ) | KKR Group Finance Co. III LLC, 5.125%, 06/01/2044 | 437,814 | 0.0 | ||||||||||||||
2,335,000 | (5 | ) | Liberty Mutual Group, Inc., 4.850%, 08/01/2044 | 2,278,473 | 0.2 | ||||||||||||||
1,300,000 | (5 | ) | MassMutual Global Funding II, 2.000%, 04/15/2021 | 1,266,132 | 0.1 | ||||||||||||||
670,000 | (5 | ) | Metropolitan Life Global Funding I, 2.050%, 06/12/2020 | 659,357 | 0.1 | ||||||||||||||
740,000 | (5 | ) | Mizuho Bank Ltd., 2.650%, 09/25/2019 | 737,490 | 0.0 | ||||||||||||||
2,360,000 | (5 | ) | Mizuho Financial Group Cayman 3 Ltd., 4.600%, 03/27/2024 | 2,396,029 | 0.2 | ||||||||||||||
4,015,000 | Morgan Stanley, 2.375%-4.000%, 07/23/2019- 07/23/2025 | 3,989,862 | 0.3 | ||||||||||||||||
1,000,000 | (5 | ) | Nationwide Financial Services, Inc., 5.300%, 11/18/2044 | 1,060,979 | 0.1 | ||||||||||||||
690,000 | (5 | ) | Reliance Standard Life Global Funding II, 3.050%, 01/20/2021 | 683,874 | 0.1 | ||||||||||||||
1,360,000 | (5 | ) | Societe Generale SA, 2.625%, 09/16/2020 | 1,343,823 | 0.1 | ||||||||||||||
805,000 | (5 | ) | Societe Generale SA, 5.000%, 01/17/2024 | 812,470 | 0.1 | ||||||||||||||
985,000 | (5 | ) | Standard Chartered PLC, 3.050%, 01/15/2021 | 971,645 | 0.1 | ||||||||||||||
616,000 | (5 | ) | Teachers Insurance & Annuity Association of America, 4.270%, 05/15/2047 | 591,855 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
585,000 | (5 | ) | UBS Group Funding Switzerland AG, 4.125%, 04/15/2026 | $ | 582,060 | 0.0 | |||||||||||||
35,956,000 | Other Securities | 35,147,758 | 2.7 | ||||||||||||||||
67,457,096 | 5.2 | ||||||||||||||||||
Industrial: 0.7% | |||||||||||||||||||
305,000 | (5 | ) | Aviation Capital Group LLC, 2.875%, 01/20/2022 | 295,324 | 0.0 | ||||||||||||||
1,095,000 | (5 | ) | Aviation Capital Group LLC, 4.875%, 10/01/2025 | 1,095,697 | 0.1 | ||||||||||||||
435,000 | (5 | ) | BAE Systems Holdings, Inc., 2.850%, 12/15/2020 | 429,385 | 0.0 | ||||||||||||||
410,000 | (5 | ) | SMBC Aviation Capital Finance DAC, 2.650%, 07/15/2021 | 399,184 | 0.0 | ||||||||||||||
7,116,000 | Other Securities | 7,055,120 | 0.6 | ||||||||||||||||
9,274,710 | 0.7 | ||||||||||||||||||
Technology: 0.6% | |||||||||||||||||||
910,000 | (5 | ) | Dell International LLC / EMC Corp., 5.450%, 06/15/2023 | 926,877 | 0.1 | ||||||||||||||
35,000 | (5 | ) | Dell International LLC / EMC Corp., 8.350%, 07/15/2046 | 38,042 | 0.0 | ||||||||||||||
795,000 | (5 | ) | NXP BV / NXP Funding LLC, 5.350%, 03/01/2026 | 809,509 | 0.1 | ||||||||||||||
5,515,000 | Other Securities | 5,405,130 | 0.4 | ||||||||||||||||
7,179,558 | 0.6 | ||||||||||||||||||
Utilities: 0.3% | |||||||||||||||||||
150,000 | (5 | ) | Electricite de France SA, 4.600%, 01/27/2020 | 152,190 | 0.0 | ||||||||||||||
620,000 | (5 | ) | Electricite de France SA, 4.875%, 01/22/2044 | 562,090 | 0.1 | ||||||||||||||
350,000 | (4 | ),(5),(7) | Electricite de France SA, 5.625%, 12/31/2199 | 323,312 | 0.0 | ||||||||||||||
2,735,000 | Other Securities | 2,531,965 | 0.2 | ||||||||||||||||
3,569,557 | 0.3 | ||||||||||||||||||
Total Corporate Bonds/Notes (Cost $170,876,610) | 167,945,344 | 12.9 | |||||||||||||||||
MUNICIPAL BONDS: 0.0% | |||||||||||||||||||
Georgia: 0.0% | |||||||||||||||||||
325,000 | Other Securities | 357,617 | 0.0 | ||||||||||||||||
Total Municipal Bonds (Cost $325,000) | 357,617 | 0.0 |
See Accompanying Notes to Financial Statements
128
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
U.S. TREASURY OBLIGATIONS: 12.5% | |||||||||||||||||||
U.S. Treasury Bonds: 1.0% | |||||||||||||||||||
12,806,200 | (7 | ) | 3.000%, 08/15/2048 | $ | 12,771,462 | 1.0 | |||||||||||||
425,000 | 4.500%, 02/15/2036 | 524,476 | 0.0 | ||||||||||||||||
13,295,938 | 1.0 | ||||||||||||||||||
U.S. Treasury Notes: 11.5% | |||||||||||||||||||
47,470,000 | 2.500%, 12/31/2020 | 47,463,702 | 3.7 | ||||||||||||||||
49,651,000 | 2.625%, 12/15/2021 | 49,877,512 | 3.8 | ||||||||||||||||
38,411,700 | 2.625%, 12/31/2023 | 38,613,809 | 3.0 | ||||||||||||||||
12,377,900 | 1.250%-3.125%, 01/31/2019- 11/15/2028 | 12,600,500 | 1.0 | ||||||||||||||||
148,555,523 | 11.5 | ||||||||||||||||||
Total U.S. Treasury Obligations (Cost $160,312,788) | 161,851,461 | 12.5 | |||||||||||||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS(8): 0.1% | |||||||||||||||||||
Federal National Mortgage Association: 0.1% | |||||||||||||||||||
915,000 | Other Securities | 1,228,415 | 0.1 | ||||||||||||||||
Total U.S. Government Agency Obligations (Cost $1,022,593) | 1,228,415 | 0.1 | |||||||||||||||||
CONVERTIBLE BONDS/NOTES: 7.6% | |||||||||||||||||||
Communications: 2.7% | |||||||||||||||||||
2,954,000 | (5 | ) | GCI Liberty, Inc., 1.750%, 09/30/2046 | 2,891,165 | 0.2 | ||||||||||||||
1,807,000 | (5 | ),(7) | Liberty Expedia Holdings, Inc., 1.000%, 06/30/2047 | 1,731,559 | 0.1 | ||||||||||||||
9,559,000 | Liberty Media Corp., 1.375%, 10/15/2023 | 10,259,675 | 0.8 | ||||||||||||||||
1,933,000 | Liberty Media Corp., 2.250%, 09/30/2046 | 919,335 | 0.1 | ||||||||||||||||
673,000 | Liberty Media Corp.- Liberty Formula One, 1.000%, 01/30/2023 | 694,819 | 0.0 | ||||||||||||||||
2,258,000 | (5 | ) | Viavi Solutions, Inc., 1.750%, 06/01/2023 | 2,261,161 | 0.2 | ||||||||||||||
18,013,000 | (6 | ) | Other Securities | 16,471,193 | 1.3 | ||||||||||||||
35,228,907 | 2.7 | ||||||||||||||||||
Consumer, Cyclical: 0.2% | |||||||||||||||||||
2,264,000 | (5 | ) | Live Nation Entertainment, Inc., 2.500%, 03/15/2023 | 2,310,946 | �� | 0.2 | |||||||||||||
Consumer, Non-cyclical: 1.8% | |||||||||||||||||||
3,140,000 | (5 | ) | DexCom, Inc., 0.750%, 12/01/2023 | 3,179,423 | 0.2 | ||||||||||||||
514,000 | (5 | ) | Insulet Corp., 1.375%, 11/15/2024 | 547,161 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
798,000 | (5 | ) | Supernus Pharmaceuticals, Inc., 0.625%, 04/01/2023 | $ | 754,110 | 0.1 | |||||||||||||
3,694,000 | (5 | ) | Wright Medical Group, Inc., 1.625%, 06/15/2023 | 3,780,225 | 0.3 | ||||||||||||||
14,712,000 | Other Securities | 15,847,057 | 1.2 | ||||||||||||||||
24,107,976 | 1.8 | ||||||||||||||||||
Energy: 0.5% | |||||||||||||||||||
1,677,000 | (5 | ),(7) | Oil States International, Inc., 1.500%, 02/15/2023 | 1,382,888 | 0.1 | ||||||||||||||
6,507,000 | (6 | ) | Other Securities | 4,803,572 | 0.4 | ||||||||||||||
6,186,460 | 0.5 | ||||||||||||||||||
Technology: 2.4% | |||||||||||||||||||
3,560,000 | (5 | ) | Cree, Inc., 0.875%, 09/01/2023 | 3,453,439 | 0.3 | ||||||||||||||
2,238,000 | (5 | ) | Western Digital Corp., 1.500%, 02/01/2024 | 1,819,272 | 0.1 | ||||||||||||||
24,732,000 | Other Securities | 26,197,340 | 2.0 | ||||||||||||||||
31,470,051 | 2.4 | ||||||||||||||||||
Total Convertible Bonds/Notes (Cost $101,571,975) | 99,304,340 | 7.6 | |||||||||||||||||
EQUITY-LINKED NOTES: 1.1% | |||||||||||||||||||
Financial: 1.1% | |||||||||||||||||||
9,000,000 | (5 | ) | Credit Suisse AG, Convertible Basket (Basket of 5 Common Stocks), 0.500%, 06/24/2024 | 7,884,900 | 0.6 | ||||||||||||||
6,746,000 | GS Finance Corp (Guarantor: The Goldman Sachs Group, Inc.), Exchangeable Basket (Basket of 5 Common Stocks), 0.250%, 07/08/2024 | 5,878,734 | 0.5 | ||||||||||||||||
Total Equity-Linked Notes (Cost $15,746,000) | 13,763,634 | 1.1 | |||||||||||||||||
STRUCTURED NOTES: 0.9% | |||||||||||||||||||
Financial: 0.9% | |||||||||||||||||||
12,054,000 | Other Securities | 11,650,559 | 0.9 | ||||||||||||||||
Total Structured Notes (Cost $12,054,593) | 11,650,559 | 0.9 | |||||||||||||||||
Total Long-Term Investments (Cost $1,255,926,519) | 1,247,068,793 | 96.1 |
See Accompanying Notes to Financial Statements
129
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 4.9% | |||||||||||||||||||
Securities Lending Collateral(9): 1.5% | |||||||||||||||||||
4,460,816 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $4,461,635, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $4,550,032, due 01/25/19-10/20/68) | $ | 4,460,816 | 0.3 | |||||||||||||||
4,460,816 | Citigroup, Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $4,461,554, collateralized by various U.S. Government/U.S. Government Agency Obligations, 2.500%-8.000%, Market Value plus accrued interest $4,550,032, due 01/25/19-07/15/60) | 4,460,816 | 0.3 | ||||||||||||||||
894,134 | Natwest Markets PLC, Repurchase Agreement dated 12/31/18, 2.90%, due 01/02/19 (Repurchase Amount $894,276, collateralized by various U.S. Government Securities, 0.125%-2.750%, Market Value plus accrued interest $912,017, due 07/15/22-09/09/49) | 894,134 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
4,460,816 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $4,461,554, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $4,550,032, due 10/01/25-10/20/48) | $ | 4,460,816 | 0.4 | |||||||||||||||
4,460,816 | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/18, 3.37%, due 01/02/19 (Repurchase Amount $4,461,640, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $4,550,103, due 07/15/20-02/15/47) | 4,460,816 | 0.4 | ||||||||||||||||
18,737,398 | 1.5 | ||||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 3.4% | |||||||||||||||||||
44,582,354 | (10 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $44,582,354) | $ | 44,582,354 | 3.4 | |||||||||||||
Total Short-Term Investments (Cost $63,319,752) | 63,319,752 | 4.9 | |||||||||||||||||
Total Investments in Securities (Cost $1,319,246,271) | $ | 1,310,388,545 | 101.0 | ||||||||||||||||
Liabilities in Excess of Other Assets | (13,292,161 | ) | (1.0 | ) | |||||||||||||||
Net Assets | $ | 1,297,096,384 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
See Accompanying Notes to Financial Statements
130
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
† Unless otherwise indicated, principal amount is shown in USD.
(1) Non-income producing security.
(2) The grouping contains non-income producing securities.
(3) Preferred Stock may be called prior to convertible date.
(4) Variable rate security. Rate shown is the rate in effect as of December 31, 2018.
(5) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(6) The grouping contains securities on loan.
(7) Security, or a portion of the security, is on loan.
(8) The Federal Housing Finance Agency ("FHFA") placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies.
(9) Represents securities purchased with cash collateral received for securities on loan.
(10) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the assets and liabilities:(1)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Communication Services | $ | 28,498,394 | $ | — | $ | — | $ | 28,498,394 | |||||||||||
Consumer Discretionary | 52,838,064 | 8,209,858 | — | 61,047,922 | |||||||||||||||
Consumer Staples | 44,552,538 | — | — | 44,552,538 | |||||||||||||||
Energy | 77,277,043 | 32,153,530 | — | 109,430,573 | |||||||||||||||
Financials | 233,513,603 | — | — | 233,513,603 | |||||||||||||||
Health Care | 118,289,708 | 25,252,154 | — | 143,541,862 | |||||||||||||||
Industrials | 49,024,722 | — | — | 49,024,722 | |||||||||||||||
Information Technology | 80,261,624 | — | — | 80,261,624 | |||||||||||||||
Materials | 16,552,339 | 5,390,553 | — | 21,942,892 | |||||||||||||||
Utilities | 9,522,287 | — | — | 9,522,287 | |||||||||||||||
Total Common Stock | 710,330,322 | 71,006,095 | — | 781,336,417 | |||||||||||||||
Preferred Stock | 5,968,831 | 3,662,175 | — | 9,631,006 | |||||||||||||||
Corporate Bonds/Notes | — | 167,945,344 | — | 167,945,344 | |||||||||||||||
Municipal Bonds | — | 357,617 | — | 357,617 | |||||||||||||||
Convertible Bonds/Notes | — | 99,304,340 | — | 99,304,340 | |||||||||||||||
U.S. Treasury Obligations | — | 161,851,461 | — | 161,851,461 | |||||||||||||||
U.S. Government Agency Obligations | — | 1,228,415 | — | 1,228,415 | |||||||||||||||
Structured Notes | — | 11,650,559 | — | 11,650,559 | |||||||||||||||
Equity-Linked Notes | — | 13,763,634 | — | 13,763,634 | |||||||||||||||
Short-Term Investments | 44,582,354 | 18,737,398 | — | 63,319,752 | |||||||||||||||
Total Investments, at fair value | $ | 760,881,507 | $ | 549,507,038 | $ | — | $ | 1,310,388,545 | |||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Forward Foreign Currency Contracts | — | 177,896 | — | 177,896 | |||||||||||||||
Total Assets | $ | 760,881,507 | $ | 549,684,934 | $ | — | $ | 1,310,566,441 | |||||||||||
Liabilities Table | |||||||||||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Forward Foreign Currency Contracts | $ | — | $ | (298,408 | ) | $ | — | $ | (298,408 | ) | |||||||||
Total Liabilities | $ | — | $ | (298,408 | ) | $ | — | $ | (298,408 | ) |
(1) For the year ended December 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Portfolio (Note 2) certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Portfolio's policy is to recognize transfers between levels at the beginning of the reporting period. At December 31, 2018, securities valued at $13,885,677 and $6,859,222 were transferred from Level 1 to Level 2 and Level 2 and Level 1, respectively, within the fair value hierarchy.
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
+ 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
See Accompanying Notes to Financial Statements
131
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, the following forward foreign currency contracts were outstanding for VY® Invesco Equity and Income Portfolio:
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | |||||||||||||||
AUD | 1,013,756 | USD | 723,980 | State Street Bank and Trust Co. | 02/01/19 | $ | (9,489 | ) | |||||||||||
USD | 2,740,643 | CAD | 3,680,793 | State Street Bank and Trust Co. | 02/01/19 | 42,327 | |||||||||||||
USD | 15,162,779 | GBP | 11,952,183 | State Street Bank and Trust Co. | 02/01/19 | (94,783 | ) | ||||||||||||
USD | 2,326,622 | AUD | 3,234,902 | State Street Bank and Trust Co. | 02/01/19 | 46,677 | |||||||||||||
USD | 5,737,121 | CHF | 5,663,686 | State Street Bank and Trust Co. | 02/01/19 | (41,012 | ) | ||||||||||||
USD | 3,766,643 | EUR | 3,285,642 | State Street Bank and Trust Co. | 02/01/19 | (7,583 | ) | ||||||||||||
USD | 3,766,134 | EUR | 3,285,642 | The Bank of New York Mellon | 02/01/19 | (8,092 | ) | ||||||||||||
USD | 15,159,693 | GBP | 11,952,201 | The Bank of New York Mellon | 02/01/19 | (97,891 | ) | ||||||||||||
USD | 2,326,166 | AUD | 3,234,964 | The Bank of New York Mellon | 02/01/19 | 46,177 | |||||||||||||
USD | 5,738,519 | CHF | 5,663,631 | The Bank of New York Mellon | 02/01/19 | (39,558 | ) | ||||||||||||
USD | 2,741,015 | CAD | 3,680,772 | The Bank of New York Mellon | 02/01/19 | 42,715 | |||||||||||||
$ | (120,512 | ) |
Currency Abbreviations
AUD — Australian Dollar
CAD — Canadian Dollar
CHF — Swiss Franc
EUR — EU Euro
GBP — British Pound
USD — United States Dollar
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of December 31, 2018 was as follows:
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | |||||||||
Asset Derivatives | |||||||||||
Foreign exchange contracts | Unrealized appreciation on forward foreign currency contracts | $ | 177,896 | ||||||||
Total Asset Derivatives | $ | 177,896 | |||||||||
Liability Derivatives | |||||||||||
Foreign exchange contracts | Unrealized depreciation on forward foreign currency contracts | $ | 298,408 | ||||||||
Total Liability Derivatives | $ | 298,408 |
The effect of derivative instruments on the Portfolio's Statement of Operations for the year ended December 31, 2018 was as follows:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 3,859,366 | |||||
Total | $ | 3,859,366 | |||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 1,357,604 | |||||
Total | $ | 1,357,604 |
See Accompanying Notes to Financial Statements
132
VY® INVESCO SUMMARY PORTFOLIO OF INVESTMENTS
EQUITY AND INCOME PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
The following is a summary by counterparty of the fair value of OTC derivative instruments subject to Master Netting Agreements and collateral pledged (received), if any, at December 31, 2018:
State Street Bank and Trust Co. | The Bank of New York Mellon | Totals | |||||||||||||
Assets: | |||||||||||||||
Forward foreign currency contracts | $ | 89,004 | $ | 88,892 | $ | 177,896 | |||||||||
Total Assets | $ | 89,004 | $ | 88,892 | $ | 177,896 | |||||||||
Liabilities: | |||||||||||||||
Forward foreign currency contracts | $ | 152,867 | $ | 145,541 | $ | 298,408 | |||||||||
Total Liabilities | $ | 152,867 | $ | 145,541 | $ | 298,408 | |||||||||
Net OTC derivative instruments by counterparty, at fair value | $ | (63,863 | ) | $ | (56,649 | ) | $ | (120,512 | ) | ||||||
Total collateral pledged by the Portfolio/(Received from counterparty) | $ | — | $ | — | $ | — | |||||||||
Net Exposure(1) | $ | (63,863 | ) | $ | (56,649 | ) | $ | (120,512 | ) |
(1) Positive net exposure represents amounts due from each respective counterparty. Negative exposure represents amounts due from the Portfolio. Please refer to Note 2 for additional details regarding counterparty credit risk and credit related contingent features.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $1,326,739,835.
Net unrealized depreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 89,143,929 | |||||
Gross Unrealized Depreciation | (105,135,439 | ) | |||||
Net Unrealized Depreciation | $ | (15,991,510 | ) |
See Accompanying Notes to Financial Statements
133
VY® JPMORGAN SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 98.6% | |||||||||||||||||||
Communication Services: 1.7% | |||||||||||||||||||
201,662 | (1 | ) | Other Securities | $ | 7,143,111 | 1.7 | |||||||||||||
Consumer Discretionary: 13.5% | |||||||||||||||||||
7,190 | (2 | ) | Autozone, Inc. | 6,027,665 | 1.5 | ||||||||||||||
52,110 | Expedia Group, Inc. | 5,870,191 | 1.4 | ||||||||||||||||
75,140 | Hilton Worldwide Holdings, Inc. | 5,395,052 | 1.3 | ||||||||||||||||
75,981 | Kohl's Corp. | 5,040,580 | 1.2 | ||||||||||||||||
37,700 | (2 | ) | Mohawk Industries, Inc. | 4,409,392 | 1.1 | ||||||||||||||
40,780 | PVH Corp. | 3,790,501 | 0.9 | ||||||||||||||||
597,936 | (3 | ) | Other Securities | 25,279,786 | 6.1 | ||||||||||||||
55,813,167 | 13.5 | ||||||||||||||||||
Consumer Staples: 5.6% | |||||||||||||||||||
767,778 | (1 | ) | Other Securities | 23,110,755 | 5.6 | ||||||||||||||
Energy: 6.0% | |||||||||||||||||||
84,373 | Diamondback Energy, Inc. | 7,821,335 | 1.9 | ||||||||||||||||
321,090 | Williams Cos., Inc. | 7,080,035 | 1.7 | ||||||||||||||||
453,334 | (1 | ) | Other Securities | 10,145,006 | 2.4 | ||||||||||||||
25,046,376 | 6.0 | ||||||||||||||||||
Financials: 22.0% | |||||||||||||||||||
127,900 | Citizens Financial Group, Inc. | 3,802,467 | 0.9 | ||||||||||||||||
242,750 | Fifth Third Bancorp | 5,711,907 | 1.4 | ||||||||||||||||
45,370 | First Republic Bank | 3,942,653 | 1.0 | ||||||||||||||||
130,150 | Hartford Financial Services Group, Inc. | 5,785,168 | 1.4 | ||||||||||||||||
176,480 | Loews Corp. | 8,033,370 | 1.9 | ||||||||||||||||
52,343 | M&T Bank Corp. | 7,491,854 | 1.8 | ||||||||||||||||
50,850 | Marsh & McLennan Cos., Inc. | 4,055,288 | 1.0 | ||||||||||||||||
53,110 | Northern Trust Corp. | 4,439,465 | 1.1 | ||||||||||||||||
67,810 | Progressive Corp. | 4,090,977 | 1.0 | ||||||||||||||||
51,820 | Raymond James Financial, Inc. | 3,855,926 | 0.9 | ||||||||||||||||
116,580 | SunTrust Banks, Inc. | 5,880,295 | 1.4 | ||||||||||||||||
66,200 | T. Rowe Price Group, Inc. | 6,111,584 | 1.5 | ||||||||||||||||
836,923 | Other Securities | 27,855,519 | 6.7 | ||||||||||||||||
91,056,473 | 22.0 | ||||||||||||||||||
Health Care: 6.9% | |||||||||||||||||||
63,110 | AmerisourceBergen Corp. | 4,695,384 | 1.1 | ||||||||||||||||
27,850 | Cigna Corp. | 5,289,272 | 1.3 | ||||||||||||||||
30,660 | (2 | ) | Laboratory Corp. of America Holdings | 3,874,197 | 0.9 | ||||||||||||||
37,050 | Universal Health Services, Inc. | 4,318,548 | 1.1 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
49,130 | Zimmer Biomet Holdings, Inc. | $ | 5,095,764 | 1.2 | |||||||||||||||
44,750 | (1 | ) | Other Securities | 5,306,385 | 1.3 | ||||||||||||||
28,579,550 | 6.9 | ||||||||||||||||||
Industrials: 7.6% | |||||||||||||||||||
34,750 | Acuity Brands, Inc. | 3,994,512 | 1.0 | ||||||||||||||||
65,240 | Ametek, Inc. | 4,416,748 | 1.1 | ||||||||||||||||
30,460 | IDEX Corp. | 3,845,880 | 0.9 | ||||||||||||||||
34,671 | Snap-On, Inc. | 5,037,349 | 1.2 | ||||||||||||||||
192,030 | (1 | ),(3) | Other Securities | 14,233,338 | 3.4 | ||||||||||||||
31,527,827 | 7.6 | ||||||||||||||||||
Information Technology: 7.9% | |||||||||||||||||||
52,100 | Amphenol Corp. | 4,221,142 | 1.0 | ||||||||||||||||
52,460 | Analog Devices, Inc. | 4,502,642 | 1.1 | ||||||||||||||||
76,550 | (2 | ) | Arrow Electronics, Inc. | 5,278,122 | 1.3 | ||||||||||||||
58,830 | CDW Corp. | 4,768,172 | 1.2 | ||||||||||||||||
32,906 | Jack Henry & Associates, Inc. | 4,163,267 | 1.0 | ||||||||||||||||
62,349 | (2 | ) | Keysight Technologies, Inc. | 3,870,626 | 0.9 | ||||||||||||||
49,000 | (2 | ) | Synopsys, Inc. | 4,127,760 | 1.0 | ||||||||||||||
100,142 | (1 | ) | Other Securities | 1,641,327 | 0.4 | ||||||||||||||
32,573,058 | 7.9 | ||||||||||||||||||
Materials: 5.1% | |||||||||||||||||||
155,460 | Ball Corp. | 7,148,051 | 1.7 | ||||||||||||||||
9,820 | Sherwin-Williams Co. | 3,863,777 | 1.0 | ||||||||||||||||
160,540 | Silgan Holdings, Inc. | 3,791,955 | 0.9 | ||||||||||||||||
106,650 | Other Securities | 6,297,586 | 1.5 | ||||||||||||||||
21,101,369 | 5.1 | ||||||||||||||||||
Real Estate: 12.3% | |||||||||||||||||||
30,590 | AvalonBay Communities, Inc. | 5,324,189 | 1.3 | ||||||||||||||||
41,730 | Boston Properties, Inc. | 4,696,711 | 1.1 | ||||||||||||||||
107,900 | (2 | ) | CBRE Group, Inc. | 4,320,316 | 1.0 | ||||||||||||||
35,580 | Federal Realty Investment Trust | 4,199,863 | 1.0 | ||||||||||||||||
68,226 | Vornado Realty Trust | 4,232,059 | 1.0 | ||||||||||||||||
1,112,655 | (1 | ) | Other Securities | 28,423,596 | 6.9 | ||||||||||||||
51,196,734 | 12.3 | ||||||||||||||||||
Utilities: 10.0% | |||||||||||||||||||
178,710 | CMS Energy Corp. | 8,872,951 | 2.1 | ||||||||||||||||
74,470 | Evergy, Inc. | 4,227,662 | 1.0 | ||||||||||||||||
87,380 | National Fuel Gas Co. | 4,472,108 | 1.1 | ||||||||||||||||
48,150 | Sempra Energy | 5,209,349 | 1.3 | ||||||||||||||||
122,970 | WEC Energy Group, Inc. | 8,516,902 | 2.1 | ||||||||||||||||
171,150 | Xcel Energy, Inc. | 8,432,561 | 2.0 | ||||||||||||||||
30,380 | Other Securities | 1,724,673 | 0.4 | ||||||||||||||||
41,456,206 | 10.0 | ||||||||||||||||||
Total Common Stock (Cost $359,382,609) | 408,604,626 | 98.6 |
See Accompanying Notes to Financial Statements
134
VY® JPMORGAN SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP VALUE PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.1% | |||||||||||||||||||
Securities Lending Collateral(4): 0.2% | |||||||||||||||||||
759,037 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $759,161, collateralized by various U.S. Government and U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $774,346, due 11/15/23-05/15/58) (Cost $759,037) | $ | 759,037 | 0.2 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 0.9% | |||||||||||||||||||
3,862,532 | (5 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $3,862,532) | $ | 3,862,532 | 0.9 | |||||||||||||
Total Short-Term Investments (Cost $4,621,569) | 4,621,569 | 1.1 | |||||||||||||||||
Total Investments in Securities (Cost $364,004,178) | $ | 413,226,195 | 99.7 | ||||||||||||||||
Assets in Excess of Other Liabilities | 1,177,993 | 0.3 | |||||||||||||||||
Net Assets | $ | 414,404,188 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
(1) The grouping contains non-income producing securities.
(2) Non-income producing security.
(3) The grouping contains securities on loan.
(4) Represents securities purchased with cash collateral received for securities on loan.
(5) Rate shown is the 7-day yield as of December 31, 2018.
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock* | $ | 408,604,626 | $ | — | $ | — | $ | 408,604,626 | |||||||||||
Short-Term Investments | 3,862,532 | 759,037 | — | 4,621,569 | |||||||||||||||
Total Investments, at fair value | $ | 412,467,158 | $ | 759,037 | $ | — | $ | 413,226,195 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
* For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $365,097,004.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 88,310,626 | |||||
Gross Unrealized Depreciation | (40,181,435 | ) | |||||
Net Unrealized Appreciation | $ | 48,129,191 |
See Accompanying Notes to Financial Statements
135
SUMMARY PORTFOLIO OF INVESTMENTS
VY® OPPENHEIMER GLOBAL PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 97.1% | |||||||||||||||||||
Brazil: 0.3% | |||||||||||||||||||
193,680 | (1 | ),(2) | Other Securities | $ | 3,571,459 | 0.3 | |||||||||||||
China: 2.1% | |||||||||||||||||||
81,530 | (3 | ) | Baidu, Inc. ADR | 12,930,658 | 1.0 | ||||||||||||||
700,566 | (3 | ) | JD.com, Inc. ADR | 14,662,846 | 1.1 | ||||||||||||||
27,593,504 | 2.1 | ||||||||||||||||||
Denmark: 0.5% | |||||||||||||||||||
157,815 | (2 | ) | Other Securities | 7,118,218 | 0.5 | ||||||||||||||
France: 6.4% | |||||||||||||||||||
151,878 | LVMH Moet Hennessy Louis Vuitton SE | 44,466,265 | 3.3 | ||||||||||||||||
62,870 | Kering SA | 29,452,642 | 2.2 | ||||||||||||||||
374,800 | Societe Generale | 11,882,877 | 0.9 | ||||||||||||||||
85,801,784 | 6.4 | ||||||||||||||||||
Germany: 6.4% | |||||||||||||||||||
124,865 | Allianz SE | 25,092,307 | 1.9 | ||||||||||||||||
155,875 | Bayer AG | 10,840,927 | 0.8 | ||||||||||||||||
318,022 | SAP SE | 31,563,613 | 2.4 | ||||||||||||||||
133,889 | Siemens AG | 14,942,242 | 1.1 | ||||||||||||||||
5,575 | Other Securities | 2,727,489 | 0.2 | ||||||||||||||||
85,166,578 | 6.4 | ||||||||||||||||||
India: 3.6% | |||||||||||||||||||
10,971,266 | DLF Ltd. | 27,874,868 | 2.1 | ||||||||||||||||
2,016,322 | ICICI Bank Ltd. ADR | 20,747,953 | 1.5 | ||||||||||||||||
48,622,821 | 3.6 | ||||||||||||||||||
Italy: 0.3% | |||||||||||||||||||
105,990 | (2 | ) | Other Securities | 3,657,170 | 0.3 | ||||||||||||||
Japan: 13.2% | |||||||||||||||||||
82,000 | Fanuc Ltd. | 12,444,296 | 0.9 | ||||||||||||||||
45,002 | Keyence Corp. | 22,746,075 | 1.7 | ||||||||||||||||
197,900 | Murata Manufacturing Co., Ltd. | 26,666,990 | 2.0 | ||||||||||||||||
261,800 | Nidec Corp. | 29,621,877 | 2.2 | ||||||||||||||||
39,300 | Nintendo Co., Ltd. | 10,435,689 | 0.8 | ||||||||||||||||
308,000 | Omron Corp. | 11,165,583 | 0.9 | ||||||||||||||||
294,600 | Suzuki Motor Corp. | 14,851,211 | 1.1 | ||||||||||||||||
245,400 | TDK Corp. | 17,179,322 | 1.3 | ||||||||||||||||
2,926,400 | (2 | ) | Other Securities | 31,109,951 | 2.3 | ||||||||||||||
176,220,994 | 13.2 | ||||||||||||||||||
Netherlands: 3.3% | |||||||||||||||||||
459,673 | Airbus SE | 43,825,189 | 3.3 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Spain: 1.9% | |||||||||||||||||||
761,403 | Industria de Diseno Textil SA | $ | 19,434,594 | 1.5 | |||||||||||||||
1,044,650 | Other Securities | 5,548,996 | 0.4 | ||||||||||||||||
24,983,590 | 1.9 | ||||||||||||||||||
Sweden: 1.8% | |||||||||||||||||||
877,626 | Assa Abloy AB | 15,715,473 | 1.2 | ||||||||||||||||
371,150 | Other Securities | 8,854,911 | 0.6 | ||||||||||||||||
24,570,384 | 1.8 | ||||||||||||||||||
Switzerland: 2.3% | |||||||||||||||||||
1,175,182 | Credit Suisse Group AG | 12,846,725 | 1.0 | ||||||||||||||||
1,392,569 | UBS Group AG | 17,369,852 | 1.3 | ||||||||||||||||
30,216,577 | 2.3 | ||||||||||||||||||
United Kingdom: 7.3% | |||||||||||||||||||
1,564,800 | International Consolidated Airlines Group SA | 12,342,406 | 0.9 | ||||||||||||||||
1,171,606 | Prudential PLC | 20,920,735 | 1.6 | ||||||||||||||||
556,587 | Unilever PLC | 29,222,378 | 2.2 | ||||||||||||||||
13,342,767 | (1 | ),(2) | Other Securities | 34,807,230 | 2.6 | ||||||||||||||
97,292,749 | 7.3 | ||||||||||||||||||
United States: 47.7% | |||||||||||||||||||
108,140 | 3M Co. | 20,604,996 | 1.5 | ||||||||||||||||
168,023 | (3 | ) | Adobe, Inc. | 38,013,524 | 2.8 | ||||||||||||||
254,540 | Agilent Technologies, Inc. | 17,171,268 | 1.3 | ||||||||||||||||
84,320 | (3 | ) | Alphabet, Inc. - Class A | 88,111,027 | 6.6 | ||||||||||||||
142,580 | Anthem, Inc. | 37,445,785 | 2.8 | ||||||||||||||||
43,800 | (3 | ) | Biogen, Inc. | 13,180,296 | 1.0 | ||||||||||||||
101,040 | (3 | ) | Centene Corp. | 11,649,912 | 0.9 | ||||||||||||||
512,180 | Citigroup, Inc. | 26,664,091 | 2.0 | ||||||||||||||||
421,450 | Colgate-Palmolive Co. | 25,084,704 | 1.9 | ||||||||||||||||
127,360 | Equifax, Inc. | 11,861,037 | 0.9 | ||||||||||||||||
262,400 | (3 | ) | Facebook, Inc.- Class A | 34,398,016 | 2.6 | ||||||||||||||
167,500 | Gilead Sciences, Inc. | 10,477,125 | 0.8 | ||||||||||||||||
99,870 | Goldman Sachs Group, Inc. | 16,683,284 | 1.2 | ||||||||||||||||
189,870 | Intuit, Inc. | 37,375,910 | 2.8 | ||||||||||||||||
578,610 | Maxim Integrated Products | 29,422,319 | 2.2 | ||||||||||||||||
651,500 | Newell Brands, Inc. | 12,111,385 | 0.9 | ||||||||||||||||
324,012 | (3 | ) | PayPal Holdings, Inc. | 27,246,169 | 2.0 | ||||||||||||||
208,330 | S&P Global, Inc. | 35,403,600 | 2.7 | ||||||||||||||||
106,970 | (3 | ) | Sage Therapeutics, Inc. | 10,246,656 | 0.8 | ||||||||||||||
187,890 | Tiffany & Co. | 15,127,024 | 1.1 |
See Accompanying Notes to Financial Statements
136
SUMMARY PORTFOLIO OF INVESTMENTS
VY® OPPENHEIMER GLOBAL PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
United States (continued) | |||||||||||||||||||
174,310 | United Parcel Service, Inc. - Class B | $ | 17,000,454 | 1.3 | |||||||||||||||
198,440 | Walt Disney Co. | 21,758,946 | 1.6 | ||||||||||||||||
1,826,235 | (1 | ),(2) | Other Securities | 80,431,855 | 6.0 | ||||||||||||||
637,469,383 | 47.7 | ||||||||||||||||||
Total Common Stock (Cost $878,609,921) | 1,296,110,400 | 97.1 | |||||||||||||||||
PREFERRED STOCK: 1.6% | |||||||||||||||||||
Germany: 1.6% | |||||||||||||||||||
293,394 | Bayerische Motoren Werke AG | 20,922,461 | 1.6 | ||||||||||||||||
India: 0.0% | |||||||||||||||||||
2,078,904 | (2 | ) | Other Securities | 227,541 | 0.0 | ||||||||||||||
Total Preferred Stock (Cost $11,606,122) | 21,150,002 | 1.6 | |||||||||||||||||
Total Long-Term Investments (Cost $890,216,043) | 1,317,260,402 | 98.7 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.9% | |||||||||||||||||||
Securities Lending Collateral(4): 0.7% | |||||||||||||||||||
431,040 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.95%, due 01/02/19 (Repurchase Amount $431,110, collateralized by various U.S. Government Securities, 0.000%-8.750%, Market Value plus accrued interest $439,733, due 01/08/19-09/09/49) | $ | 431,040 | 0.0 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
2,055,578 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $2,055,955, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $2,096,690, due 01/25/19-10/20/68) | $ | 2,055,578 | 0.2 | |||||||||||||||
2,055,578 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $2,055,922, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $2,096,690, due 01/25/19-02/01/49) | 2,055,578 | 0.1 | ||||||||||||||||
2,055,578 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $2,055,918, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $2,096,690, due 10/01/25-10/20/48) | 2,055,578 | 0.2 |
See Accompanying Notes to Financial Statements
137
SUMMARY PORTFOLIO OF INVESTMENTS
VY® OPPENHEIMER GLOBAL PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Securities Lending Collateral(4) (continued) | |||||||||||||||||||
2,055,578 | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/18, 3.37%, due 01/02/19 (Repurchase Amount $2,055,958, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,096,722, due 07/15/20-02/15/47) | $ | 2,055,578 | 0.2 | |||||||||||||||
8,653,352 | 0.7 | ||||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 1.2% | |||||||||||||||||||
16,144,593 | (5 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $16,144,593) | $ | 16,144,593 | 1.2 | |||||||||||||
Total Short-Term Investments (Cost $24,797,945) | 24,797,945 | 1.9 | |||||||||||||||||
Total Investments in Securities (Cost $915,013,988) | $ | 1,342,058,347 | 100.6 | ||||||||||||||||
Liabilities in Excess of Other Assets | (7,368,497 | ) | (0.6 | ) | |||||||||||||||
Net Assets | $ | 1,334,689,850 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
ADR American Depositary Receipt
(1) The grouping contains securities on loan.
(2) The grouping contains non-income producing securities.
(3) Non-income producing security.
(4) Represents securities purchased with cash collateral received for securities on loan.
(5) Rate shown is the 7-day yield as of December 31, 2018.
Sector Diversification | Percentage of Net Assets | ||||||
Information Technology | 19.1 | % | |||||
Financials | 15.1 | ||||||
Consumer Discretionary | 15.0 | ||||||
Industrials | 15.0 | ||||||
Health Care | 14.4 | ||||||
Communication Services | 13.2 | ||||||
Consumer Staples | 4.1 | ||||||
Real Estate | 2.1 | ||||||
Energy | 0.7 | ||||||
Short-Term Investments | 1.9 | ||||||
Liabilities in Excess of Other Assets | (0.6 | ) | |||||
Net Assets | 100.0 | % |
See Accompanying Notes to Financial Statements
138
SUMMARY PORTFOLIO OF INVESTMENTS
VY® OPPENHEIMER GLOBAL PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Brazil | $ | 3,571,459 | $ | — | $ | — | $ | 3,571,459 | |||||||||||
China | 27,593,504 | — | — | 27,593,504 | |||||||||||||||
Denmark | — | 7,118,218 | — | 7,118,218 | |||||||||||||||
France | — | 85,801,784 | — | 85,801,784 | |||||||||||||||
Germany | 2,727,489 | 82,439,089 | — | 85,166,578 | |||||||||||||||
India | 20,747,953 | 27,874,868 | — | 48,622,821 | |||||||||||||||
Italy | — | 3,657,170 | — | 3,657,170 | |||||||||||||||
Japan | — | 176,220,994 | — | 176,220,994 | |||||||||||||||
Netherlands | — | 43,825,189 | — | 43,825,189 | |||||||||||||||
Spain | — | 24,983,590 | — | 24,983,590 | |||||||||||||||
Sweden | — | 24,570,384 | — | 24,570,384 | |||||||||||||||
Switzerland | — | 30,216,577 | — | 30,216,577 | |||||||||||||||
United Kingdom | 18,093,471 | 79,199,278 | — | 97,292,749 | |||||||||||||||
United States | 637,469,383 | — | — | 637,469,383 | |||||||||||||||
Total Common Stock | 710,203,259 | 585,907,141 | — | 1,296,110,400 | |||||||||||||||
Preferred Stock | — | 21,150,002 | — | 21,150,002 | |||||||||||||||
Short-Term Investments | 16,144,593 | 8,653,352 | — | 24,797,945 | |||||||||||||||
Total Investments, at fair value | $ | 726,347,852 | $ | 615,710,495 | $ | — | $ | 1,342,058,347 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $926,337,009.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 501,903,688 | |||||
Gross Unrealized Depreciation | (86,197,630 | ) | |||||
Net Unrealized Appreciation | $ | 415,706,058 |
See Accompanying Notes to Financial Statements
139
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
CORPORATE BONDS/NOTES: 79.8% | |||||||||||||||||||
Basic Materials: 7.4% | |||||||||||||||||||
400,000 | (1 | ) | Century Aluminum Co., 7.500%, 06/01/2021 | $ | 396,000 | 0.4 | |||||||||||||
539,000 | CF Industries, Inc., 3.450%, 06/01/2023 | 503,291 | 0.6 | ||||||||||||||||
638,000 | Chemours Co/The, 7.000%, 05/15/2025 | 645,975 | 0.7 | ||||||||||||||||
130,000 | Commercial Metals Co., 5.375%, 07/15/2027 | 116,675 | 0.1 | ||||||||||||||||
475,000 | (1 | ) | Commercial Metals Co., 5.750%, 04/15/2026 | 441,750 | 0.5 | ||||||||||||||
225,000 | (1 | ) | First Quantum Minerals Ltd., 6.875%, 03/01/2026 | 181,406 | 0.2 | ||||||||||||||
250,000 | (1 | ) | GCP Applied Technologies, Inc., 5.500%, 04/15/2026 | 244,375 | 0.3 | ||||||||||||||
247,000 | (1 | ) | Hudbay Minerals, Inc., 7.250%, 01/15/2023 | 245,147 | 0.3 | ||||||||||||||
175,000 | (1 | ) | Hudbay Minerals, Inc., 7.625%, 01/15/2025 | 171,938 | 0.2 | ||||||||||||||
314,000 | (1 | ) | Ingevity Corp., 4.500%, 02/01/2026 | 284,955 | 0.3 | ||||||||||||||
450,000 | (1 | ) | Joseph T Ryerson & Son, Inc., 11.000%, 05/15/2022 | 454,500 | 0.5 | ||||||||||||||
435,000 | (1 | ) | Kraton Polymers LLC / Kraton Polymers Capital Corp., 7.000%, 04/15/2025 | 402,375 | 0.4 | ||||||||||||||
125,000 | (1 | ) | NOVA Chemicals Corp., 4.875%, 06/01/2024 | 113,281 | 0.1 | ||||||||||||||
519,000 | (1 | ) | NOVA Chemicals Corp., 5.000%, 05/01/2025 | 469,047 | 0.5 | ||||||||||||||
130,000 | (1 | ) | Nufarm Australia Ltd. / Nufarm Americas, Inc., 5.750%, 04/30/2026 | 119,145 | 0.1 | ||||||||||||||
570,000 | (1 | ) | OCI NV, 6.625%, 04/15/2023 | 562,875 | 0.6 | ||||||||||||||
470,000 | (1 | ) | Schweitzer-Mauduit International, Inc., 6.875%, 10/01/2026 | 442,975 | 0.5 | ||||||||||||||
1,119,000 | Other Securities | 981,259 | 1.1 | ||||||||||||||||
6,776,969 | 7.4 | ||||||||||||||||||
Communications: 12.2% | |||||||||||||||||||
200,000 | (1 | ) | Altice Financing SA, 6.625%, 02/15/2023 | 192,500 | 0.2 | ||||||||||||||
200,000 | (1 | ) | Altice France SA/France, 8.125%, 02/01/2027 | 189,000 | 0.2 | ||||||||||||||
210,000 | (1 | ) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.000%, 02/01/2028 | 193,725 | 0.2 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
505,000 | (1 | ) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.500%, 05/01/2026 | $ | 486,694 | 0.5 | |||||||||||||
310,000 | (1 | ) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.750%, 02/15/2026 | 304,575 | 0.4 | ||||||||||||||
155,000 | (1 | ) | CommScope Technologies LLC, 5.000%, 03/15/2027 | 125,937 | 0.2 | ||||||||||||||
120,000 | (1 | ) | CommScope, Inc., 5.000%, 06/15/2021 | 119,250 | 0.1 | ||||||||||||||
200,000 | (1 | ) | CSC Holdings LLC, 5.375%, 07/15/2023 | 195,684 | 0.2 | ||||||||||||||
200,000 | (1 | ) | CSC Holdings LLC, 5.375%, 02/01/2028 | 184,436 | 0.2 | ||||||||||||||
400,000 | (1 | ) | CSC Holdings LLC, 5.500%, 04/15/2027 | 373,000 | 0.4 | ||||||||||||||
100,000 | (1 | ) | Frontier Communications Corp., 8.500%, 04/01/2026 | 87,750 | 0.1 | ||||||||||||||
885,000 | Frontier Communications Corp., 8.750%-11.000%, 04/15/2022-09/15/2025 | 560,871 | 0.6 | ||||||||||||||||
66,000 | (1 | ) | Gray Escrow, Inc., 7.000%, 05/15/2027 | 64,510 | 0.1 | ||||||||||||||
250,000 | (1 | ) | Gray Television, Inc., 5.125%, 10/15/2024 | 231,125 | 0.2 | ||||||||||||||
249,000 | (1 | ) | Gray Television, Inc., 5.875%, 07/15/2026 | 232,765 | 0.3 | ||||||||||||||
690,000 | Level 3 Financing, Inc., 5.250%, 03/15/2026 | 633,075 | 0.7 | ||||||||||||||||
520,000 | (1 | ) | MDC Partners, Inc., 6.500%, 05/01/2024 | 475,800 | 0.5 | ||||||||||||||
526,000 | Netflix, Inc., 4.375%, 11/15/2026 | 478,660 | 0.5 | ||||||||||||||||
305,000 | (1 | ) | Sinclair Television Group, Inc., 5.875%, 03/15/2026 | 285,556 | 0.3 | ||||||||||||||
322,000 | (1 | ) | Sirius XM Radio, Inc., 5.000%, 08/01/2027 | 295,435 | 0.3 | ||||||||||||||
237,000 | (1 | ) | Sirius XM Radio, Inc., 5.375%, 07/15/2026 | 222,484 | 0.2 | ||||||||||||||
200,000 | Sprint Corp., 7.125%, 06/15/2024 | 198,712 | 0.2 | ||||||||||||||||
1,660,000 | Sprint Corp., 7.250%, 09/15/2021 | 1,703,160 | 1.9 | ||||||||||||||||
450,000 | T-Mobile USA, Inc., 6.500%, 01/15/2026 | 460,125 | 0.5 | ||||||||||||||||
545,000 | T-Mobile USA, Inc., 5.125%-6.500%, 03/01/2023-04/15/2025 | 546,328 | 0.6 | ||||||||||||||||
480,000 | (1 | ) | Videotron Ltd., 5.375%, 06/15/2024 | 477,000 | 0.5 | ||||||||||||||
335,000 | (1 | ) | Windstream Services LLC / Windstream Finance Corp., 8.625%, 10/31/2025 | 299,825 | 0.3 |
See Accompanying Notes to Financial Statements
140
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Communications (continued) | |||||||||||||||||||
317,000 | (1 | ) | Windstream Services LLC / Windstream Finance Corp., 8.750%, 12/15/2024 | $ | 123,630 | 0.1 | |||||||||||||
200,000 | (1 | ) | Windstream Services LLC / Windstream Finance Corp., 10.500%, 06/30/2024 | 153,000 | 0.2 | ||||||||||||||
375,000 | Windstream Services LLC, 6.375%, 08/01/2023 | 152,813 | 0.2 | ||||||||||||||||
1,250,000 | Other Securities | 1,221,163 | 1.3 | ||||||||||||||||
11,268,588 | 12.2 | ||||||||||||||||||
Consumer, Cyclical: 10.3% | |||||||||||||||||||
513,000 | American Axle & Manufacturing, Inc., 6.250%, 03/15/2026 | 462,982 | 0.5 | ||||||||||||||||
570,000 | Beazer Homes USA, Inc., 6.750%, 03/15/2025 | 492,337 | 0.5 | ||||||||||||||||
295,000 | Beazer Homes USA, Inc., 5.875%-8.750%, 03/15/2022-10/15/2027 | 249,050 | 0.3 | ||||||||||||||||
200,000 | (1 | ) | Cirsa Finance International Sarl, 7.875%, 12/20/2023 | 198,886 | 0.2 | ||||||||||||||
128,000 | (1 | ) | Eldorado Resorts, Inc., 6.000%, 09/15/2026 | 121,280 | 0.1 | ||||||||||||||
355,000 | (1 | ) | Enterprise Development Authority/The, 12.000%, 07/15/2024 | 324,825 | 0.4 | ||||||||||||||
148,000 | (1 | ) | Golden Nugget, Inc., 6.750%, 10/15/2024 | 139,860 | 0.1 | ||||||||||||||
279,000 | (1 | ) | Golden Nugget, Inc., 8.750%, 10/01/2025 | 269,235 | 0.3 | ||||||||||||||
205,000 | (1 | ) | International Game Technology PLC, 6.250%, 01/15/2027 | 197,184 | 0.2 | ||||||||||||||
100,000 | (1 | ) | JC Penney Corp., Inc., 5.875%, 07/01/2023 | 80,500 | 0.1 | ||||||||||||||
400,000 | KB Home, 7.000%, 12/15/2021 | 408,500 | 0.4 | ||||||||||||||||
245,000 | KB Home, 7.500%, 09/15/2022 | 252,962 | 0.3 | ||||||||||||||||
1,099,000 | Lennar Corp., 4.750%, 11/15/2022 | 1,070,151 | 1.2 | ||||||||||||||||
380,000 | Lennar Corp., 4.500%-5.375%, 06/15/2019-10/01/2022 | 380,163 | 0.4 | ||||||||||||||||
615,000 | Meritage Homes Corp., 5.125%-7.000%, 04/01/2022-06/06/2027 | 572,644 | 0.6 | ||||||||||||||||
245,000 | (1 | ) | PetSmart, Inc., 5.875%, 06/01/2025 | 178,238 | 0.2 | ||||||||||||||
200,000 | (1 | ) | Scientific Games International, Inc., 5.000%, 10/15/2025 | 179,000 | 0.2 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
595,000 | Scientific Games International, Inc., 10.000%, 12/01/2022 | $ | 604,663 | 0.7 | |||||||||||||||
250,000 | (1 | ) | Silversea Cruise Finance Ltd., 7.250%, 02/01/2025 | 265,550 | 0.3 | ||||||||||||||
365,000 | (1 | ) | Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.625%, 03/01/2024 | 348,575 | 0.4 | ||||||||||||||
150,000 | (1 | ) | Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.875%, 04/15/2023 | 145,500 | 0.1 | ||||||||||||||
455,000 | Titan International, Inc., 6.500%, 11/30/2023 | 409,500 | 0.4 | ||||||||||||||||
357,000 | (1 | ) | Viking Cruises Ltd., 5.875%, 09/15/2027 | 333,795 | 0.4 | ||||||||||||||
150,000 | (1 | ) | VOC Escrow Ltd., 5.000%, 02/15/2028 | 139,125 | 0.2 | ||||||||||||||
1,858,000 | Other Securities | 1,691,082 | 1.8 | ||||||||||||||||
9,515,587 | 10.3 | ||||||||||||||||||
Consumer, Non-cyclical: 12.0% | |||||||||||||||||||
200,000 | (1 | ) | Ashtead Capital, Inc., 4.125%, 08/15/2025 | 184,000 | 0.2 | ||||||||||||||
200,000 | (1 | ) | Bausch Health Cos, Inc., 5.500%, 11/01/2025 | 187,250 | 0.2 | ||||||||||||||
1,859,000 | (1 | ) | Bausch Health Cos, Inc., 5.875%, 05/15/2023 | 1,726,546 | 1.9 | ||||||||||||||
95,000 | (1 | ) | Bausch Health Cos, Inc., 6.500%, 03/15/2022 | 95,863 | 0.1 | ||||||||||||||
125,000 | (1 | ) | Bausch Health Cos, Inc., 7.000%, 03/15/2024 | 126,562 | 0.1 | ||||||||||||||
100,000 | (1 | ) | Bausch Health Cos, Inc., 8.500%, 01/31/2027 | 97,250 | 0.1 | ||||||||||||||
658,000 | (1 | ) | Brink's Co/The, 4.625%, 10/15/2027 | 602,221 | 0.7 | ||||||||||||||
215,000 | (1 | ) | C&S Group Enterprises LLC, 5.375%, 07/15/2022 | 206,938 | 0.2 | ||||||||||||||
250,000 | (1 | ) | Cardtronics, Inc. / Cardtronics USA, Inc., 5.500%, 05/01/2025 | 232,500 | 0.2 | ||||||||||||||
293,000 | (1 | ) | Carriage Services, Inc., 6.625%, 06/01/2026 | 288,605 | 0.3 | ||||||||||||||
590,000 | (1 | ) | Centene Corp., 5.375%, 06/01/2026 | 575,250 | 0.6 | ||||||||||||||
270,000 | (1 | ) | Endo Finance LLC, 5.750%, 01/15/2022 | 226,125 | 0.2 | ||||||||||||||
200,000 | (1 | ) | Endo Ltd. / Endo Finance LLC / Endo Finco, Inc., 6.000%, 02/01/2025 | 144,500 | 0.2 | ||||||||||||||
171,000 | (1 | ) | Garda World Security Corp., 8.750%, 05/15/2025 | 156,465 | 0.2 |
See Accompanying Notes to Financial Statements
141
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Consumer, Non-cyclical (continued) | |||||||||||||||||||
738,000 | HCA, Inc., 5.375%, 02/01/2025 | $ | 721,395 | 0.8 | |||||||||||||||
416,000 | Horizon Pharma USA, Inc., 6.625%, 05/01/2023 | 403,520 | 0.4 | ||||||||||||||||
35,000 | (1 | ) | Horizon Pharma USA, Inc., 8.750%, 11/01/2024 | 35,700 | 0.1 | ||||||||||||||
469,000 | (1 | ) | JBS USA LUX SA / JBS USA Finance, Inc., 6.750%, 02/15/2028 | 459,034 | 0.5 | ||||||||||||||
208,000 | (1 | ) | Pilgrim's Pride Corp., 5.875%, 09/30/2027 | 189,280 | 0.2 | ||||||||||||||
259,000 | (1 | ) | Post Holdings, Inc., 5.625%, 01/15/2028 | 239,251 | 0.3 | ||||||||||||||
755,000 | (1 | ) | Prime Security Services Borrower LLC / Prime Finance, Inc., 9.250%, 05/15/2023 | 780,481 | 0.8 | ||||||||||||||
80,000 | (1 | ) | Pyxus International, Inc., 8.500%, 04/15/2021 | 79,400 | 0.1 | ||||||||||||||
365,000 | (1 | ) | RegionalCare Hospital Partners Holdings, Inc., 8.250%, 05/01/2023 | 370,019 | 0.4 | ||||||||||||||
235,000 | (1 | ) | Team Health Holdings, Inc., 6.375%, 02/01/2025 | 192,994 | 0.2 | ||||||||||||||
470,000 | United Rentals North America, Inc., 5.750%, 11/15/2024 | 454,138 | 0.5 | ||||||||||||||||
240,000 | United Rentals North America, Inc., 4.625%-6.500%, 10/15/2025-01/15/2028 | 225,000 | 0.2 | ||||||||||||||||
388,000 | (1 | ) | Verscend Escrow Corp., 9.750%, 08/15/2026 | 366,175 | 0.4 | ||||||||||||||
496,000 | WellCare Health Plans, Inc., 5.250%, 04/01/2025 | 479,260 | 0.5 | ||||||||||||||||
1,286,000 | Other Securities | 1,249,279 | 1.4 | ||||||||||||||||
11,095,001 | 12.0 | ||||||||||||||||||
Energy: 16.5% | |||||||||||||||||||
151,000 | (1 | ) | American Midstream Partners L.P. / American Midstream Finance Corp., 9.500%, 12/15/2021 | 142,695 | 0.2 | ||||||||||||||
525,000 | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 04/01/2021 | 506,625 | 0.5 | ||||||||||||||||
50,000 | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 10/01/2022 | 47,250 | 0.1 | ||||||||||||||||
355,000 | (1 | ) | Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.125%, 11/15/2022 | 344,350 | 0.4 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
155,000 | (1 | ) | Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.625%, 07/15/2026 | $ | 144,925 | 0.1 | |||||||||||||
102,000 | (1 | ) | Calfrac Holdings L.P., 8.500%, 06/15/2026 | 72,930 | 0.1 | ||||||||||||||
230,000 | (1 | ) | Chaparral Energy, Inc., 8.750%, 07/15/2023 | 165,600 | 0.2 | ||||||||||||||
518,000 | Cheniere Corpus Christi Holdings LLC, 5.125%, 06/30/2027 | 490,960 | 0.5 | ||||||||||||||||
100,000 | Cheniere Corpus Christi Holdings LLC, 5.875%, 03/31/2025 | 99,750 | 0.1 | ||||||||||||||||
465,000 | (1 | ) | Cheniere Energy Partners L.P., 5.625%, 10/01/2026 | 435,937 | 0.5 | ||||||||||||||
95,000 | (1 | ) | Comstock Escrow Corp., 9.750%, 08/15/2026 | 80,750 | 0.1 | ||||||||||||||
249,000 | (1 | ) | Covey Park Energy LLC / Covey Park Finance Corp., 7.500%, 05/15/2025 | 215,385 | 0.2 | ||||||||||||||
637,000 | DCP Midstream Operating L.P., 2.700%-5.600%, 04/01/2019-04/01/2044 | 585,724 | 0.6 | ||||||||||||||||
495,000 | Energy Transfer L.P., 4.250%-5.875%, 03/15/2023-01/15/2024 | 494,897 | 0.5 | ||||||||||||||||
543,000 | Genesis Energy L.P. / Genesis Energy Finance Corp., 6.250%-6.750%, 08/01/2022-05/15/2026 | 485,330 | 0.5 | ||||||||||||||||
369,000 | (1 | ) | Great Western Petroleum LLC / Great Western Finance Corp., 9.000%, 09/30/2021 | 337,635 | 0.4 | ||||||||||||||
350,000 | (1 | ) | Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp., 5.625%, 02/15/2026 | 340,375 | 0.4 | ||||||||||||||
230,000 | (1 | ) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 10/01/2025 | 205,850 | 0.2 | ||||||||||||||
361,000 | (1 | ) | Indigo Natural Resources LLC, 6.875%, 02/15/2026 | 312,265 | 0.3 | ||||||||||||||
173,000 | (1 | ) | Jagged Peak Energy LLC, 5.875%, 05/01/2026 | 161,755 | 0.2 | ||||||||||||||
300,000 | (1 | ) | Marathon Petroleum Corp., 5.375%, 10/01/2022 | 302,703 | 0.3 | ||||||||||||||
100,000 | (1 | ) | MEG Energy Corp., 6.500%, 01/15/2025 | 101,875 | 0.1 | ||||||||||||||
220,000 | (1 | ) | MEG Energy Corp., 7.000%, 03/31/2024 | 211,200 | 0.2 | ||||||||||||||
490,000 | (1 | ) | Neptune Energy Bondco PLC, 6.625%, 05/15/2025 | 456,925 | 0.5 |
See Accompanying Notes to Financial Statements
142
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Energy (continued) | |||||||||||||||||||
162,000 | (1 | ) | NGPL PipeCo LLC, 4.375%, 08/15/2022 | $ | 159,570 | 0.2 | |||||||||||||
230,000 | (1 | ) | Parsley Energy LLC / Parsley Finance Corp., 5.375%, 01/15/2025 | 212,750 | 0.3 | ||||||||||||||
200,000 | (1 | ) | Parsley Energy LLC / Parsley Finance Corp., 5.625%, 10/15/2027 | 182,750 | 0.2 | ||||||||||||||
210,000 | (1 | ) | Parsley Energy LLC / Parsley Finance Corp., 6.250%, 06/01/2024 | 204,225 | 0.2 | ||||||||||||||
200,000 | (1 | ) | Precision Drilling Corp., 7.125%, 01/15/2026 | 173,000 | 0.2 | ||||||||||||||
517,000 | (1 | ) | Shelf Drilling Holdings Ltd., 8.250%, 02/15/2025 | 443,974 | 0.5 | ||||||||||||||
279,000 | (1 | ) | SunCoke Energy Partners L.P. / SunCoke Energy Partners Finance Corp., 7.500%, 06/15/2025 | 265,050 | 0.3 | ||||||||||||||
550,000 | Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 4.250%-5.250%, 05/01/2023-11/15/2023 | 522,369 | 0.6 | ||||||||||||||||
300,000 | (1 | ) | TerraForm Power Operating LLC, 4.250%, 01/31/2023 | 281,250 | 0.3 | ||||||||||||||
420,000 | (1 | ) | Transocean, Inc., 7.250%, 11/01/2025 | 368,550 | 0.4 | ||||||||||||||
211,000 | (1 | ) | Trinidad Drilling Ltd, 6.625%, 02/15/2025 | 213,848 | 0.2 | ||||||||||||||
155,000 | (1 | ) | Weatherford International LLC, 9.875%, 03/01/2025 | 94,938 | 0.1 | ||||||||||||||
5,878,000 | Other Securities | 5,309,763 | 5.8 | ||||||||||||||||
15,175,728 | 16.5 | ||||||||||||||||||
Financial: 8.3% | |||||||||||||||||||
500,000 | (1 | ) | Alliance Data Systems Corp., 5.875%, 11/01/2021 | 500,550 | 0.5 | ||||||||||||||
300,000 | (1 | ) | Avation Capital SA, 6.500%, 05/15/2021 | 300,000 | 0.3 | ||||||||||||||
500,000 | (2 | ) | Barclays PLC, 7.750%, 12/31/2199 | 482,210 | 0.5 | ||||||||||||||
405,000 | (1 | ) | Freedom Mortgage Corp., 8.125%, 11/15/2024 | 349,312 | 0.4 | ||||||||||||||
515,000 | (1 | ) | Freedom Mortgage Corp., 8.250%, 04/15/2025 | 442,900 | 0.5 | ||||||||||||||
260,000 | (1 | ) | Iron Mountain US Holdings, Inc., 5.375%, 06/01/2026 | 237,900 | 0.3 | ||||||||||||||
300,000 | Iron Mountain, Inc., 5.750%, 08/15/2024 | 285,750 | 0.3 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
250,000 | (1 | ) | Kendall Re Ltd., 7.682%, (US0003M + 5.250%), 05/06/2024 | $ | 247,062 | 0.3 | |||||||||||||
250,000 | (1 | ) | Kilimanjaro Re Ltd. (Cat Bond), 11.696%, (T-BILL 3MO + 9.250%), 12/06/2019 | 249,387 | 0.3 | ||||||||||||||
117,000 | (1 | ) | Nationstar Mortgage Holdings, Inc., 8.125%, 07/15/2023 | 114,368 | 0.1 | ||||||||||||||
834,000 | Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 07/01/2021 | 815,235 | 0.9 | ||||||||||||||||
125,000 | Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 06/01/2022 | 122,734 | 0.1 | ||||||||||||||||
195,000 | (1 | ) | Oxford Finance LLC / Oxford Finance Co-Issuer II, Inc., 6.375%, 12/15/2022 | 192,563 | 0.2 | ||||||||||||||
343,000 | (1 | ) | Provident Funding Associates L.P. / PFG Finance Corp., 6.375%, 06/15/2025 | 312,130 | 0.3 | ||||||||||||||
200,000 | (1 | ),(2) | Societe Generale SA, 7.375%, 12/31/2199 | 195,250 | 0.2 | ||||||||||||||
250,000 | (1 | ) | Tailwind Re Ltd. 2017-1, 9.696%, (T-BILL 3MO + 7.250%), 01/08/2025 | 249,688 | 0.3 | ||||||||||||||
335,000 | (1 | ) | Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 6.000%, 04/15/2023 | 304,012 | 0.3 | ||||||||||||||
250,000 | (1 | ) | Ursa Re Ltd 2017-2 D (Cat Bond), 5.250%, (T-BILL 3MO + 5.250%), 12/10/2020 | 247,613 | 0.3 | ||||||||||||||
2,060,000 | Other Securities | 2,024,328 | 2.2 | ||||||||||||||||
7,672,992 | 8.3 | ||||||||||||||||||
Industrial: 9.3% | |||||||||||||||||||
525,000 | (1 | ) | American Woodmark Corp., 4.875%, 03/15/2026 | 467,250 | 0.5 | ||||||||||||||
250,000 | (1 | ) | Amsted Industries, Inc., 5.000%, 03/15/2022 | 244,375 | 0.3 | ||||||||||||||
250,000 | (1 | ) | Amsted Industries, Inc., 5.375%, 09/15/2024 | 236,875 | 0.2 | ||||||||||||||
80,000 | (1 | ) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 4.625%, 05/15/2023 | 75,983 | 0.1 | ||||||||||||||
510,000 | (1 | ) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 6.000%, 02/15/2025 | 472,066 | 0.5 |
See Accompanying Notes to Financial Statements
143
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Industrial (continued) | |||||||||||||||||||
90,000 | (1 | ) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 7.250%, 05/15/2024 | $ | 90,113 | 0.1 | |||||||||||||
249,000 | (1 | ) | Builders FirstSource, Inc., 5.625%, 09/01/2024 | 231,881 | 0.3 | ||||||||||||||
437,000 | (1 | ) | Cloud Crane LLC, 10.125%, 08/01/2024 | 450,110 | 0.5 | ||||||||||||||
603,000 | Covanta Holding Corp., 6.000%, 01/01/2027 | 542,700 | 0.6 | ||||||||||||||||
640,000 | Crown Cork & Seal Co., Inc., 7.375%, 12/15/2026 | 684,800 | 0.8 | ||||||||||||||||
110,000 | (1 | ) | DAE Funding LLC, 4.500%, 08/01/2022 | 105,875 | 0.1 | ||||||||||||||
498,000 | (1 | ) | EnPro Industries, Inc., 5.750%, 10/15/2026 | 481,815 | 0.5 | ||||||||||||||
416,000 | (1 | ) | GFL Environmental, Inc., 5.375%, 03/01/2023 | 366,080 | 0.4 | ||||||||||||||
215,000 | (1 | ) | Itron, Inc., 5.000%, 01/15/2026 | 197,262 | 0.2 | ||||||||||||||
481,000 | (1 | ) | Kratos Defense & Security Solutions, Inc., 6.500%, 11/30/2025 | 490,019 | 0.5 | ||||||||||||||
400,000 | (1 | ) | Novelis Corp., 5.875%, 09/30/2026 | 355,000 | 0.4 | ||||||||||||||
125,000 | (1 | ) | Plastipak Holdings, Inc., 6.250%, 10/15/2025 | 111,250 | 0.1 | ||||||||||||||
175,000 | (1 | ) | Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 7.000%, 07/15/2024 | 167,016 | 0.2 | ||||||||||||||
274,000 | (1 | ) | Standard Industries, Inc./NJ, 5.375%, 11/15/2024 | 258,245 | 0.3 | ||||||||||||||
200,000 | (1 | ) | syncreon Group BV / syncreon Global Finance US, Inc., 8.625%, 11/01/2021 | 171,000 | 0.2 | ||||||||||||||
418,000 | (1 | ) | Tervita Escrow Corp., 7.625%, 12/01/2021 | 400,235 | 0.4 | ||||||||||||||
150,000 | (1 | ) | Waste Pro USA, Inc., 5.500%, 02/15/2026 | 138,750 | 0.2 | ||||||||||||||
1,780,911 | Other Securities | 1,786,360 | 1.9 | ||||||||||||||||
8,525,060 | 9.3 | ||||||||||||||||||
Technology: 2.2% | |||||||||||||||||||
570,000 | (1 | ) | First Data Corp., 5.750%, 01/15/2024 | 558,794 | 0.6 | ||||||||||||||
200,000 | (3 | ),(4),(5) | Midway Games, Inc., 0.000%, 06/01/2021 | — | — | ||||||||||||||
160,000 | (1 | ) | MSCI, Inc., 4.750%, 08/01/2026 | 152,000 | 0.2 | ||||||||||||||
200,000 | (1 | ) | Open Text Corp., 5.875%, 06/01/2026 | 196,500 | 0.2 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
298,000 | (1 | ) | Rackspace Hosting, Inc., 8.625%, 11/15/2024 | $ | 233,185 | 0.3 | |||||||||||||
900,000 | Other Securities | 853,787 | 0.9 | ||||||||||||||||
1,994,266 | 2.2 | ||||||||||||||||||
Utilities: 1.6% | |||||||||||||||||||
200,000 | (1 | ) | Calpine Corp., 5.250%, 06/01/2026 | 183,250 | 0.2 | ||||||||||||||
410,000 | Calpine Corp., 5.750%, 01/15/2025 | 376,175 | 0.4 | ||||||||||||||||
303,000 | (1 | ) | Clearway Energy Operating LLC, 5.750%, 10/15/2025 | 290,501 | 0.3 | ||||||||||||||
171,447 | (1 | ) | NSG Holdings LLC / NSG Holdings, Inc., 7.750%, 12/15/2025 | 181,734 | 0.2 | ||||||||||||||
393,000 | Other Securities | 396,571 | 0.5 | ||||||||||||||||
1,428,231 | 1.6 | ||||||||||||||||||
Total Corporate Bonds/Notes (Cost $78,264,235) | 73,452,422 | 79.8 | |||||||||||||||||
OTHER(6): —% | |||||||||||||||||||
Communications: —% | |||||||||||||||||||
365,000 | (3 | ),(4),(5) | Avaya, Inc. (Escrow), 0.000%, 04/01/2019 | — | — | ||||||||||||||
1,445,000 | (3 | ),(5) | Millicom International Cellular S.A. (Escrow), 0.000%, 11/15/2026 | — | — | ||||||||||||||
Total Other (Cost $—) | — | — | |||||||||||||||||
BANK LOANS: 4.3% | |||||||||||||||||||
Auto Parts & Equipment: 0.4% | |||||||||||||||||||
126,750 | American Axle & Manufacturing Holdings, Inc. - Term Loan A, 4.760%, (US0003M + 2.000%), 04/06/2024 | 120,698 | 0.1 | ||||||||||||||||
312,985 | Tower Automotive Holdings Term Loan B1, 5.188%, (US0003M + 2.750%), 03/07/2024 | 300,074 | 0.3 | ||||||||||||||||
420,772 | 0.4 | ||||||||||||||||||
Building Materials: 0.2% | |||||||||||||||||||
204,761 | Builders FirstSource, Inc., 5.803%, (US0003M + 3.000%), 02/29/2024 | 192,885 | 0.2 | ||||||||||||||||
Cable & Satellite Television: 0.3% | |||||||||||||||||||
269,328 | Virgin Media Bristol LLC 2017 USD Term Loan, 4.955%, (US0003M + 2.500%), 01/15/2026 | 256,063 | 0.3 |
See Accompanying Notes to Financial Statements
144
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Computers: 0.1% | |||||||||||||||||||
74,583 | DynCorp International, Inc. Term Loan B2 1L, 8.470%, (US0003M + 6.000%), 07/07/2020 | $ | 74,210 | 0.1 | |||||||||||||||
Cosmetics/Personal Care: 0.3% | |||||||||||||||||||
385,003 | Revlon Consumer Products Corp. TL B 1L, 8.000%, (US0003M + 3.500%), 09/07/2023 | 275,036 | 0.3 | ||||||||||||||||
Forest Products & Paper: 0.3% | |||||||||||||||||||
260,363 | Caraustar Industries, Inc. - TL 1L, 8.303%, (US0003M + 5.500%), 03/14/2022 | 259,305 | 0.3 | ||||||||||||||||
Healthcare - Services: 0.5% | |||||||||||||||||||
460,199 | RegionalCare Hospital Partners Holdings, Inc. - TL 1L, 7.129%, (US0003M + 4.500%), 11/16/2025 | 436,806 | 0.5 | ||||||||||||||||
Insurance: 0.4% | |||||||||||||||||||
70,319 | Alliant Holdings I, Inc. 2015 Term Loan B, 5.205%, (US0003M + 3.250%), 05/09/2025 | 66,853 | 0.1 | ||||||||||||||||
301,966 | Confie Seguros Holding II - TL B 1L, 7.457%, (US0003M + 4.750%), 04/19/2022 | 298,443 | 0.3 | ||||||||||||||||
365,296 | 0.4 | ||||||||||||||||||
Lodging: 0.1% | |||||||||||||||||||
56,457 | Golden Nugget, Inc. - TL 1L, 5.277%, (US0003M + 3.250%), 10/04/2023 | 54,086 | 0.1 | ||||||||||||||||
Media: 0.3% | |||||||||||||||||||
298,828 | McGraw-Hill Global Education Holdings, LLC, 6.522%, (US0003M + 4.000%), 05/04/2022 | 271,560 | 0.3 | ||||||||||||||||
56,437 | Univision Communications Inc. Term Loan C5, 5.272%, (US0003M + 2.750%), 03/15/2024 | 51,301 | 0.0 | ||||||||||||||||
322,861 | 0.3 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Mining: 0.3% | |||||||||||||||||||
298,500 | Aleris International, Inc. TL 1L, 7.245%, (US0003M + 4.750%), 02/27/2023 | $ | 296,448 | 0.3 | |||||||||||||||
Oil & Gas: 0.6% | |||||||||||||||||||
384,000 | Encino Acquisition Partners Holdings, LLC 2018 2nd Lien Term Loan, 9.272%, (US0003M + 6.750%), 10/29/2025 | 366,720 | 0.4 | ||||||||||||||||
248,664 | Gavilan Resources LLC - TL 2L, 8.504%, (US0003M + 6.000%), 03/01/2024 | 191,471 | 0.2 | ||||||||||||||||
558,191 | 0.6 | ||||||||||||||||||
Retail: 0.2% | |||||||||||||||||||
218,176 | Camping World TL B 1L, 5.272%, (US0003M + 3.750%), 11/08/2023 | 197,858 | 0.2 | ||||||||||||||||
Retailers (Except Food & Drug): 0.2% | |||||||||||||||||||
247,403 | Neiman Marcus Group, Inc. - TL 1L, 5.630%, (US0003M + 3.250%), 10/25/2020 | 210,911 | 0.2 | ||||||||||||||||
Telecommunications: 0.1% | |||||||||||||||||||
106,681 | West Corp. - TL 1L, 6.527%, (US0003M + 4.000%), 10/10/2024 | 98,080 | 0.1 | ||||||||||||||||
Total Bank Loans (Cost $4,313,252) | 4,018,808 | 4.3 | |||||||||||||||||
CONVERTIBLE BONDS/NOTES: 5.1% | |||||||||||||||||||
Communications: 0.6% | |||||||||||||||||||
325,000 | (1 | ) | Palo Alto Networks, Inc., 0.750%, 07/01/2023 | 323,047 | 0.3 | ||||||||||||||
319,000 | Other Securities | 255,173 | 0.3 | ||||||||||||||||
578,220 | 0.6 | ||||||||||||||||||
Consumer, Cyclical: 0.3% | |||||||||||||||||||
310,000 | KB Home, 1.375%, 02/01/2019 | 309,225 | 0.3 | ||||||||||||||||
Consumer, Non-cyclical: 2.3% | |||||||||||||||||||
141,000 | (1 | ) | Medicines Co/The, 3.500%, 01/15/2024 | 139,976 | 0.2 | ||||||||||||||
581,000 | (1 | ) | Wright Medical Group, Inc., 1.625%, 06/15/2023 | 594,562 | 0.6 | ||||||||||||||
1,681,000 | Other Securities | 1,360,859 | 1.5 | ||||||||||||||||
2,095,397 | 2.3 |
See Accompanying Notes to Financial Statements
145
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Energy: 0.3% | |||||||||||||||||||
330,000 | Other Securities | $ | 307,465 | 0.3 | |||||||||||||||
Industrial: 0.2% | |||||||||||||||||||
182,000 | Other Securities | 169,893 | 0.2 | ||||||||||||||||
Technology: 1.4% | |||||||||||||||||||
400,000 | (1 | ) | Akamai Technologies, Inc., 0.125%, 05/01/2025 | 367,820 | 0.4 | ||||||||||||||
246,000 | (1 | ) | Pure Storage, Inc., 0.125%, 04/15/2023 | 229,715 | 0.3 | ||||||||||||||
665,000 | Other Securities | 654,983 | 0.7 | ||||||||||||||||
1,252,518 | 1.4 | ||||||||||||||||||
Total Convertible Bonds/Notes (Cost $5,051,124) | 4,712,718 | 5.1 | |||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 1.0% | |||||||||||||||||||
Consumer Discretionary: —% | |||||||||||||||||||
1,476 | (1 | ),(3),(7) | Perseus Holding Corp. | $ | — | — | |||||||||||||
Energy: 0.0% | |||||||||||||||||||
424,441 | (8 | ),(9) | Other Securities | 5,093 | 0.0 | ||||||||||||||
Financials: 0.1% | |||||||||||||||||||
1,883 | Other Securities | 142,336 | 0.1 | ||||||||||||||||
Health Care: 0.4% | |||||||||||||||||||
17,060 | (8 | ) | Other Securities | 376,076 | 0.4 | ||||||||||||||
Industrials: 0.2% | |||||||||||||||||||
2,062 | (8 | ) | Other Securities | 172,651 | 0.2 | ||||||||||||||
Information Technology: 0.1% | |||||||||||||||||||
3,559 | (8 | ) | Other Securities | 82,142 | 0.1 | ||||||||||||||
Materials: 0.1% | |||||||||||||||||||
1,018 | Other Securities | 84,657 | 0.1 | ||||||||||||||||
Real Estate: 0.1% | |||||||||||||||||||
5,760 | (8 | ) | Other Securities | 89,683 | 0.1 | ||||||||||||||
Total Common Stock (Cost $802,841) | 952,638 | 1.0 | |||||||||||||||||
PREFERRED STOCK: 1.6% | |||||||||||||||||||
Consumer Discretionary: —% | |||||||||||||||||||
775 | (1 | ),(3),(7) | Perseus Holding Corp. | — | — |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Financials: 1.6% | |||||||||||||||||||
470 | Bank of America Corp. | $ | 588,675 | 0.7 | |||||||||||||||
602 | Wells Fargo & Co. | 759,706 | 0.8 | ||||||||||||||||
3,542 | (8 | ) | Other Securities | 89,790 | 0.1 | ||||||||||||||
1,438,171 | 1.6 | ||||||||||||||||||
Health Care: 0.0% | |||||||||||||||||||
44 | (8 | ),(9) | Other Securities | 4,896 | 0.0 | ||||||||||||||
Total Preferred Stock (Cost $1,422,347) | 1,443,067 | 1.6 | |||||||||||||||||
WARRANTS: —% | |||||||||||||||||||
Energy: —% | |||||||||||||||||||
659 | (8 | ),(9) | Other Securities | — | — | ||||||||||||||
Health Care: —% | |||||||||||||||||||
252 | (8 | ),(9) | Other Securities | — | — | ||||||||||||||
Industrials: —% | |||||||||||||||||||
28 | (8 | ),(9) | Other Securities | — | — | ||||||||||||||
Total Warrants (Cost $—) | — | — | |||||||||||||||||
Total Long-Term Investments (Cost $89,853,799) | 84,579,653 | 91.8 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 12.0% | |||||||||||||||||||
U.S. Treasury Bills: 12.0% | |||||||||||||||||||
4,230,000 | United States Treasury Bill, 2.160%, 01/02/2019 | $ | 4,230,000 | 4.6 | |||||||||||||||
6,800,000 | United States Treasury Bill, 2.300%, 01/29/2019 | 6,787,502 | 7.4 | ||||||||||||||||
11,017,502 | 12.0 | ||||||||||||||||||
Total Short-Term Investments (Cost $11,017,525) | 11,017,502 | 12.0 | |||||||||||||||||
Total Investments in Securities (Cost $100,871,324) | $ | 95,597,155 | 103.8 | ||||||||||||||||
Liabilities in Excess of Other Assets | (3,513,427 | ) | (3.8 | ) | |||||||||||||||
Net Assets | $ | 92,083,728 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
See Accompanying Notes to Financial Statements
146
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
(1) Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
(2) Variable rate security. Rate shown is the rate in effect as of December 31, 2018.
(3) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(4) Defaulted security
(5) Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2018, the Portfolio held restricted securities with a fair value of $— or 0.0% of net assets. Please refer to the table below for additional details.
(6) Represents an escrow position for future entitlements, if any, on the defaulted bond. The escrow position was received in exchange for the defaulted bond as part of the bankruptcy reorganization of the bond issuer.
(7) Non-income producing security.
(8) The grouping contains non-income producing securities.
(9) The grouping contains Level 3 securities.
EUR EU Euro
Reference Rate Abbreviations:
T-BILL 3MO 3-month U.S. Treasury Bill
US0003M 3-month LIBOR
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the assets and liabilities:(1)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Consumer Discretionary | $ | — | $ | — | $ | — | $ | — | |||||||||||
Energy | — | — | 5,093 | 5,093 | |||||||||||||||
Financials | 142,336 | — | — | 142,336 | |||||||||||||||
Health Care | 376,076 | — | — | 376,076 | |||||||||||||||
Industrials | 172,651 | — | — | 172,651 | |||||||||||||||
Information Technology | 82,142 | — | — | 82,142 | |||||||||||||||
Materials | 84,657 | — | — | 84,657 | |||||||||||||||
Real Estate | 89,683 | — | — | 89,683 | |||||||||||||||
Total Common Stock | 947,545 | — | 5,093 | 952,638 | |||||||||||||||
Preferred Stock | 1,438,171 | — | 4,896 | 1,443,067 | |||||||||||||||
Warrants | — | — | — | — | |||||||||||||||
Corporate Bonds/Notes | — | 73,452,422 | — | 73,452,422 | |||||||||||||||
Bank Loans | — | 4,018,808 | — | 4,018,808 | |||||||||||||||
Convertible Bonds/Notes | — | 4,712,718 | — | 4,712,718 | |||||||||||||||
Other | — | — | — | — | |||||||||||||||
Short-Term Investments | — | 11,017,502 | — | 11,017,502 | |||||||||||||||
Total Investments, at fair value | $ | 2,385,716 | $ | 93,201,450 | $ | 9,989 | $ | 95,597,155 | |||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Futures | 40,038 | — | — | 40,038 | |||||||||||||||
Total Assets | $ | 2,425,754 | $ | 93,201,450 | $ | 9,989 | $ | 95,637,193 | |||||||||||
Liabilities Table | |||||||||||||||||||
Other Financial Instruments+ | |||||||||||||||||||
Centrally Cleared Swaps | $ | — | $ | (66,079 | ) | $ | — | $ | (66,079 | ) | |||||||||
Total Liabilities | $ | — | $ | (66,079 | ) | $ | — | $ | (66,079 | ) |
(1) For the year ended December 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Portfolio (Note 2) certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Portfolio's policy is to recognize transfers between levels at the beginning of the reporting period. At December 31, 2018, securities valued at $711,845 were transferred from Level 2 and Level 1, respectively, within the fair value hierarchy. In addition, certain securities valued at $250,000 were transferred from Level 3 to Level 2 due to significant other observable inputs becoming available.
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
+ 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 valued at the unrealized gain (loss) on the instrument. OTC swaps and written options are valued at the fair value of the instrument.
See Accompanying Notes to Financial Statements
147
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
At December 31, 2018, VY® Pioneer High Yield Portfolio held the following restricted securities:
Security | Acquisition Date | Acquisition Cost | Fair Value | ||||||||||||
Avaya, Inc. (Escrow) | 12/20/2017 | $ | — | $ | — | ||||||||||
Midway Games, Inc. | 11/14/2016 | — | — | ||||||||||||
Millicom International Cellular S.A. (Escrow) | 8/9/2017 | — | — | ||||||||||||
$ | — | $ | — |
At December 31, 2018, the following futures contracts were outstanding for VY® Pioneer High Yield Portfolio:
Description | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation/ (Depreciation) | |||||||||||||||
Short Contracts: | |||||||||||||||||||
S&P 500® E-Mini | (8 | ) | 03/15/19 | $ | (1,002,080 | ) | $ | 40,038 | |||||||||||
$ | (1,002,080 | ) | $ | 40,038 |
At December 31, 2018, the following centrally cleared credit default swaps were outstanding for VY® Pioneer High Yield Portfolio:
Centrally Cleared Credit Default Swaps on Credit Indices — Sell Protection(1)
Reference Entity/Obligation | Buy/Sell Protection | (Pay)/ Receive Financing Rate (%)(2) | Termination Date | Notional Amount(3) | Fair Value(4) | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||
CDX North American High Yield Index, Series 23, Version 6 | Sell | 5.000 | 12/20/19 | USD | 1,067,605 | $ | 23,355 | $ | (24,375 | ) | |||||||||||||||||
CDX North American High Yield Index, Series 25, Version 4 | Sell | 5.000 | 12/20/20 | USD | 1,982,400 | 68,230 | (41,704 | ) | |||||||||||||||||||
$ | 91,585 | $ | (66,079 | ) |
(1) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will generally either i) Pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations, or underlying securities comprising a referenced index or ii) Pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.
(2) Payments received quarterly.
(3) The maximum amount of future payments (undiscounted) that a Portfolio as seller of protection could be required to make or receive as a buyer of credit protection under a credit default swap agreement would be an amount equal to the notional amount of the agreement.
(4) The fair values for credit default swap agreements serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. Increasing fair values, in absolute terms, when compared to the notional amount of the agreement, represent a deterioration of the referenced obligation's credit soundness and a greater likelihood or risk of default or other credit event occurring.
Currency Abbreviations
USD — United States Dollar
A summary of derivative instruments by primary risk exposure is outlined in the following tables.
The fair value of derivative instruments as of December 31, 2018 was as follows:
Derivatives not accounted for as hedging instruments | Location on Statement of Assets and Liabilities | Fair Value | |||||||||
Asset Derivatives | |||||||||||
Equity contracts | Net Assets — Unrealized appreciation* | $ | 40,038 | ||||||||
Total Asset Derivatives | $ | 40,038 | |||||||||
Liability Derivatives | |||||||||||
Credit contracts | Net Assets — Unrealized depreciation** | $ | 66,079 | ||||||||
Total Liability Derivatives | $ | 66,079 |
* Includes cumulative appreciation/depreciation of futures contracts as reported in the table following the Portfolio of Investments.
** Includes cumulative appreciation/depreciation of centrally cleared swaps as reported in the table following the Portfolio of Investments. Only current day's variation margin receivable/payable is shown on the Statement of Assets and Liabiliites.
See Accompanying Notes to Financial Statements
148
VY® PIONEER SUMMARY PORTFOLIO OF INVESTMENTS
HIGH YIELD PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
The effect of derivative instruments on the Portfolio's Statement of Operations for the year ended December 31, 2018 was as follows:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||||||||||
Derivatives not accounted for as hedging instruments | Futures | Swaps | Total | ||||||||||||
Credit Contract | $ | — | $ | 161,515 | $ | 161,515 | |||||||||
Equity contracts | 5,647 | — | 5,647 | ||||||||||||
Total | $ | 5,647 | $ | 161,515 | $ | 167,162 | |||||||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||||||||||
Derivatives not accounted for as hedging instruments | Futures | Swaps | Total | ||||||||||||
Credit contracts | $ | — | $ | (134,546 | ) | $ | (134,546 | ) | |||||||
Equity contracts | 47,920 | — | 47,920 | ||||||||||||
Total | $ | 47,920 | $ | (134,546 | ) | $ | (86,626 | ) |
* Amounts recognized for purchased options are included in net realized gain (loss) on investments and net change in unrealized appreciation or depreciation on investments.
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $100,971,783.
Net unrealized depreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 1,022,077 | |||||
Gross Unrealized Depreciation | (6,265,080 | ) | |||||
Net Unrealized Depreciation | $ | (5,243,003 | ) |
See Accompanying Notes to Financial Statements
149
VY® T. ROWE PRICE DIVERSIFIED SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP GROWTH PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 98.3% | |||||||||||||||||||
Communication Services: 1.9% | |||||||||||||||||||
566,794 | (1 | ) | Other Securities | $ | 17,257,549 | 1.9 | |||||||||||||
Consumer Discretionary: 14.9% | |||||||||||||||||||
48,500 | (2 | ) | Burlington Stores, Inc. | 7,889,495 | 0.9 | ||||||||||||||
99,300 | Delphi Technologies PLC | 6,113,901 | 0.7 | ||||||||||||||||
82,200 | Dollar General Corp. | 8,884,176 | 1.0 | ||||||||||||||||
65,600 | (2 | ) | Dollar Tree, Inc. | 5,924,992 | 0.7 | ||||||||||||||
93,633 | Hilton Worldwide Holdings, Inc. | 6,722,849 | 0.7 | ||||||||||||||||
15,200 | (2 | ) | O'Reilly Automotive, Inc. | 5,233,816 | 0.6 | ||||||||||||||
92,000 | Ross Stores, Inc. | 7,654,400 | 0.8 | ||||||||||||||||
1,469,619 | (1 | ),(3) | Other Securities | 84,251,366 | 9.5 | ||||||||||||||
132,674,995 | 14.9 | ||||||||||||||||||
Consumer Staples: 3.5% | |||||||||||||||||||
70,800 | Church & Dwight Co., Inc. | 4,655,808 | 0.5 | ||||||||||||||||
429,175 | (1 | ) | Other Securities | 26,441,918 | 3.0 | ||||||||||||||
31,097,726 | 3.5 | ||||||||||||||||||
Energy: 1.7% | |||||||||||||||||||
44 | (2 | ),(4),(5) | Venture Global LNG, Inc. - Series B | 228,800 | 0.0 | ||||||||||||||
560 | (2 | ),(4),(5) | Venture Global LNG, Inc. - Series C | 2,912,000 | 0.3 | ||||||||||||||
528,789 | (1 | ),(3) | Other Securities | 12,130,126 | 1.4 | ||||||||||||||
15,270,926 | 1.7 | ||||||||||||||||||
Financials: 7.6% | |||||||||||||||||||
59,633 | Cboe Global Markets, Inc. | 5,833,896 | 0.7 | ||||||||||||||||
73,200 | First Republic Bank | 6,361,080 | 0.7 | ||||||||||||||||
51,300 | Moody's Corp. | 7,184,052 | 0.8 | ||||||||||||||||
37,500 | Willis Towers Watson PLC | 5,694,750 | 0.6 | ||||||||||||||||
746,530 | (1 | ) | Other Securities | 42,367,877 | 4.8 | ||||||||||||||
67,441,655 | 7.6 | ||||||||||||||||||
Health Care: 13.3% | |||||||||||||||||||
24,700 | (2 | ) | Align Technology, Inc. | 5,172,921 | 0.6 | ||||||||||||||
63,700 | (2 | ) | BioMarin Pharmaceutical, Inc. | 5,424,055 | 0.6 | ||||||||||||||
50,100 | (2 | ) | Centene Corp. | 5,776,530 | 0.6 | ||||||||||||||
28,000 | Cooper Cos., Inc. | 7,126,000 | 0.8 | ||||||||||||||||
113,700 | (2 | ) | Hologic, Inc. | 4,673,070 | 0.5 | ||||||||||||||
26,500 | (2 | ) | Idexx Laboratories, Inc. | 4,929,530 | 0.6 | ||||||||||||||
1,276,594 | (1 | ),(3) | Other Securities | 84,734,447 | 9.6 | ||||||||||||||
117,836,553 | 13.3 | ||||||||||||||||||
Industrials: 18.5% | |||||||||||||||||||
16,300 | (2 | ) | CoStar Group, Inc. | 5,498,642 | 0.6 | ||||||||||||||
48,800 | Harris Corp. | 6,570,920 | 0.8 | ||||||||||||||||
125,600 | (2 | ) | HD Supply Holdings, Inc. | 4,712,512 | 0.5 | ||||||||||||||
17,200 | (2 | ) | TransDigm Group, Inc. | 5,849,032 | 0.7 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
50,900 | (2 | ) | Verisk Analytics, Inc. | $ | 5,550,136 | 0.6 | |||||||||||||
2,290,015 | (1 | ),(3) | Other Securities | 136,032,712 | 15.3 | ||||||||||||||
164,213,954 | 18.5 | ||||||||||||||||||
Information Technology: 29.3% | |||||||||||||||||||
86,000 | Amphenol Corp. | 6,967,720 | 0.8 | ||||||||||||||||
83,979 | (2 | ) | Atlassian Corp. PLC | 7,472,451 | 0.8 | ||||||||||||||
41,200 | (2 | ) | Autodesk, Inc. | 5,298,732 | 0.6 | ||||||||||||||
105,970 | (2 | ) | Black Knight, Inc. | 4,775,008 | 0.5 | ||||||||||||||
117,164 | Booz Allen Hamilton Holding Corp. | 5,280,582 | 0.6 | ||||||||||||||||
64,200 | CDW Corp. | 5,203,410 | 0.6 | ||||||||||||||||
71,400 | Fidelity National Information Services, Inc. | 7,322,070 | 0.8 | ||||||||||||||||
108,600 | (2 | ) | Fiserv, Inc. | 7,981,014 | 0.9 | ||||||||||||||
34,400 | (2 | ) | FleetCor Technologies, Inc. | 6,388,768 | 0.7 | ||||||||||||||
47,600 | (2 | ) | Gartner, Inc. | 6,085,184 | 0.7 | ||||||||||||||
64,300 | Global Payments, Inc. | 6,631,259 | 0.8 | ||||||||||||||||
87,650 | (2 | ) | Keysight Technologies, Inc. | 5,441,312 | 0.6 | ||||||||||||||
60,100 | KLA-Tencor Corp. | 5,378,349 | 0.6 | ||||||||||||||||
142,600 | Maxim Integrated Products | 7,251,210 | 0.8 | ||||||||||||||||
108,000 | (6 | ) | Microchip Technology, Inc. | 7,767,360 | 0.9 | ||||||||||||||
45,500 | (2 | ) | ServiceNow, Inc. | 8,101,275 | 0.9 | ||||||||||||||
98,700 | Skyworks Solutions, Inc. | 6,614,874 | 0.8 | ||||||||||||||||
48,700 | (2 | ) | Splunk, Inc. | 5,106,195 | 0.6 | ||||||||||||||
116,235 | SS&C Technologies Holdings, Inc. | 5,243,361 | 0.6 | ||||||||||||||||
19,200 | (2 | ) | Ultimate Software Group, Inc. | 4,701,504 | 0.5 | ||||||||||||||
31,900 | (2 | ) | VeriSign, Inc. | 4,730,451 | 0.5 | ||||||||||||||
45,447 | (2 | ) | Workday, Inc. | 7,256,977 | 0.8 | ||||||||||||||
94,300 | (2 | ) | Worldpay, Inc. | 7,207,349 | 0.8 | ||||||||||||||
61,800 | Xilinx, Inc. | 5,263,506 | 0.6 | ||||||||||||||||
2,182,246 | (1 | ),(3) | Other Securities | 110,562,758 | 12.5 | ||||||||||||||
260,032,679 | 29.3 | ||||||||||||||||||
Materials: 4.4% | |||||||||||||||||||
160,400 | Ball Corp. | 7,375,192 | 0.8 | ||||||||||||||||
58,200 | Vulcan Materials Co. | 5,750,160 | 0.7 | ||||||||||||||||
552,929 | (1 | ) | Other Securities | 25,556,132 | 2.9 | ||||||||||||||
38,681,484 | 4.4 | ||||||||||||||||||
Real Estate: 2.3% | |||||||||||||||||||
37,650 | (2 | ) | SBA Communications Corp. | 6,095,158 | 0.7 | ||||||||||||||
18,276 | (2 | ),(4),(5) | WeWork Companies, Inc. - Class A | 946,880 | 0.1 | ||||||||||||||
383,425 | Other Securities | 13,127,790 | 1.5 | ||||||||||||||||
20,169,828 | 2.3 |
See Accompanying Notes to Financial Statements
150
VY® T. ROWE PRICE DIVERSIFIED SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP GROWTH PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Utilities: 0.9% | |||||||||||||||||||
127,526 | Other Securities | $ | 7,727,662 | 0.9 | |||||||||||||||
Total Common Stock (Cost $712,618,308) | 872,405,011 | 98.3 | |||||||||||||||||
PREFERRED STOCK: 1.5% | |||||||||||||||||||
Communication Services: 0.5% | |||||||||||||||||||
32,391 | (2 | ),(4),(5) | AirBNB, Inc. - Series D | 3,437,657 | 0.4 | ||||||||||||||
3,719 | (2 | ),(4),(5) | AirBNB, Inc. - Series E | 394,697 | 0.1 | ||||||||||||||
3,832,354 | 0.5 | ||||||||||||||||||
Information Technology: 0.4% | |||||||||||||||||||
58,160 | (2 | ),(4),(5) | Slack Technologies, Inc., - Series H | 692,412 | 0.1 | ||||||||||||||
353,970 | (2 | ),(4),(5) | Tanium, Inc. - Series G | 3,077,274 | 0.3 | ||||||||||||||
3,769,686 | 0.4 | ||||||||||||||||||
Real Estate: 0.6% | |||||||||||||||||||
44,396 | (2 | ),(4),(5) | WeWork Companies, Inc. - Series D-1 | 2,300,157 | 0.3 | ||||||||||||||
34,882 | (2 | ),(4),(5) | WeWork Companies, Inc. - Series D-2 | 1,807,236 | 0.2 | ||||||||||||||
24,709 | (2 | ),(4),(5) | WeWork Companies, Inc. - Series E | 1,280,173 | 0.1 | ||||||||||||||
5,387,566 | 0.6 | ||||||||||||||||||
Total Preferred Stock (Cost $6,247,319) | 12,989,606 | 1.5 | |||||||||||||||||
Total Long-Term Investments (Cost $718,865,627) | 885,394,617 | 99.8 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 1.9% | |||||||||||||||||||
Securities Lending Collateral(7): 1.9% | |||||||||||||||||||
3,909,845 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $3,910,481, collateralized by various U.S. Government/U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $3,988,700, due 11/15/23-05/15/58) | $ | 3,909,845 | 0.4 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
3,909,845 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $3,910,563, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $3,988,042, due 01/25/19-10/20/68) | $ | 3,909,845 | 0.4 | |||||||||||||||
3,909,845 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $3,910,498, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $3,988,042, due 01/25/19-02/01/49) | 3,909,845 | 0.5 | ||||||||||||||||
819,550 | Mizuho Securities USA LLC, Repurchase Agreement dated 12/31/18, 2.92%, due 01/02/19 (Repurchase Amount $819,681, collateralized by various U.S. Government Securities, 1.875%-2.625%, Market Value plus accrued interest $835,941, due 02/29/24-09/09/49) | 819,550 | 0.1 |
See Accompanying Notes to Financial Statements
151
VY® T. ROWE PRICE DIVERSIFIED SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP GROWTH PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Securities Lending Collateral(7) (continued) | |||||||||||||||||||
3,909,845 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $3,910,492, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $3,988,042, due 10/01/25-10/20/48) | $ | 3,909,845 | 0.5 | |||||||||||||||
16,458,930 | 1.9 | ||||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 0.0% | |||||||||||||||||||
823 | (8 | ) | T. Rowe Price Government Reserve Fund, 2.400% (Cost $823) | $ | 823 | 0.0 | |||||||||||||
Total Short-Term Investments (Cost $16,459,753) | 16,459,753 | 1.9 | |||||||||||||||||
Total Investments in Securities (Cost $735,325,380) | $ | 901,854,370 | 101.7 | ||||||||||||||||
Liabilities in Excess of Other Assets | (14,850,481 | ) | (1.7 | ) | |||||||||||||||
Net Assets | $ | 887,003,889 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
(1) The grouping contains non-income producing securities.
(2) Non-income producing security.
(3) The grouping contains securities on loan.
(4) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(5) Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2018, the Portfolio held restricted securities with a fair value of $17,077,286 or 1.9% of net assets. Please refer to the table below for additional details.
(6) Security, or a portion of the security, is on loan.
(7) Represents securities purchased with cash collateral received for securities on loan.
(8) Rate shown is the 7-day yield as of December 31, 2018.
See Accompanying Notes to Financial Statements
152
VY® T. ROWE PRICE DIVERSIFIED SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP GROWTH PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Communication Services | $ | 17,257,549 | $ | — | $ | — | $ | 17,257,549 | |||||||||||
Consumer Discretionary | 132,674,995 | — | — | 132,674,995 | |||||||||||||||
Consumer Staples | 31,097,726 | — | — | 31,097,726 | |||||||||||||||
Energy | 12,130,126 | — | 3,140,800 | 15,270,926 | |||||||||||||||
Financials | 67,441,655 | — | — | 67,441,655 | |||||||||||||||
Health Care | 117,836,553 | — | — | 117,836,553 | |||||||||||||||
Industrials | 164,213,954 | — | — | 164,213,954 | |||||||||||||||
Information Technology | 260,032,679 | — | — | 260,032,679 | |||||||||||||||
Materials | 38,681,484 | — | — | 38,681,484 | |||||||||||||||
Real Estate | 19,222,948 | — | 946,880 | 20,169,828 | |||||||||||||||
Utilities | 7,727,662 | — | — | 7,727,662 | |||||||||||||||
Total Common Stock | 868,317,331 | — | 4,087,680 | 872,405,011 | |||||||||||||||
Preferred Stock | — | — | 12,989,606 | 12,989,606 | |||||||||||||||
Short-Term Investments | 823 | 16,458,930 | — | 16,459,753 | |||||||||||||||
Total Investments, at fair value | $ | 868,318,154 | $ | 16,458,930 | $ | 17,077,286 | $ | 901,854,370 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at December 31, 2018:
Investments, at fair value | Fair Value at December 31, 2018 | Valuation Technique(s) | Unobservable Inputs | Range | Impact to Valuation from an Increase in Input** | ||||||||||||||||||
Common Stock | |||||||||||||||||||||||
Venture Global LNG, Inc. - Series B | $ | 228,800 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | |||||||||||||||||
Venture Global LNG, Inc. - Series C | 2,912,000 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
WeWork Companies, Inc. - Class A | 946,880 | Recent Comparable Transaction Price/ Market Comparable | Discount Factor* | — | n/a | ||||||||||||||||||
Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||||||
Enterprise Value to Gross Profit Multiple | 11.6 | x-13.8x | Increase | ||||||||||||||||||||
Enterprise Value to EBITDA Multiple | 24.2 | x-31.1x | Increase | ||||||||||||||||||||
EBITDA Growth Rate | 41 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 33 | % | Increase | ||||||||||||||||||||
Total Common Stock | $ | 4,087,680 | |||||||||||||||||||||
Preferred Stock | |||||||||||||||||||||||
AirBNB, Inc. - Series D | $ | 3,437,657 | Market Comparable | Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||
Enterprise Value to Gross Profit Multiple | 6.2 | x-7.9x | Increase | ||||||||||||||||||||
Enterprise Value to Sales Multiple | 4.6 | x-5.5x | Increase | ||||||||||||||||||||
Sales Growth Rate | 21 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 22 | % | Increase |
See Accompanying Notes to Financial Statements
153
VY® T. ROWE PRICE DIVERSIFIED SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP GROWTH PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Investments, at fair value | Fair Value at December 31, 2018 | Valuation Technique(s) | Unobservable Inputs | Range | Impact to Valuation from an Increase in Input** | ||||||||||||||||||
AirBNB, Inc. - Series E $394,697 | Market Comparable | Discount for Lack of | Marketability | 10 | % | Decrease | |||||||||||||||||
Enterprise Value to Gross Profit Multiple | 6.2 | x-7.9x | Increase | ||||||||||||||||||||
Enterprise Value to Sales Multiple | 4.6 | x-5.5x | Increase | ||||||||||||||||||||
Sales Growth Rate | 21 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 22 | % | Increase | ||||||||||||||||||||
Slack Technologies, Inc., - Series H | 692,412 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Tanium, Inc. - Series G | 3,077,274 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
WeWork Companies, Inc. - Series D-1 | 2,300,157 | Recent Comparable Transaction Price(s) Market Comparable | Discount Factor* | — | n/a | ||||||||||||||||||
Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||||||
Enterprise Value to Gross Profit Multiple | 11.6 | x-13.8x | Increase | ||||||||||||||||||||
Enterprise Value to EBITDA Multiple | 24.2 | x-31.1x | Increase | ||||||||||||||||||||
EBITDA Growth Rate | 41 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 33 | % | Increase | ||||||||||||||||||||
WeWork Companies, Inc. - Series D-2 | 1,807,236 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||||||
Enterprise Value to Gross Profit Multiple | 11.6 | x-13.8x | Increase | ||||||||||||||||||||
Enterprise Value to EBITDA Multiple | 24.2 | x-31.1x | Increase | ||||||||||||||||||||
EBITDA Growth Rate | 41 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 33 | % | Increase | ||||||||||||||||||||
WeWork Companies, Inc. - Series E | 1,280,173 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||||||
Enterprise Value to Gross Profit Multiple | 11.6 | x-13.8x | Increase | ||||||||||||||||||||
Enterprise Value to EBITDA Multiple | 24.2 | x-31.1x | Increase | ||||||||||||||||||||
EBITDA Growth Rate | 41 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 33 | % | Increase | ||||||||||||||||||||
Total Preferred Stock | $ | 12,989,606 |
* No quantitative unobservable inputs were significant to the fair valuation determination at December 31, 2018.
** Represents the directional change in the fair value of the Level 3 investment(s) that would result from an increase in the corresponding input. A decrease in the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.
See Accompanying Notes to Financial Statements
154
VY® T. ROWE PRICE DIVERSIFIED SUMMARY PORTFOLIO OF INVESTMENTS
MID CAP GROWTH PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio's assets and liabilities during the year ended December 31, 2018:
Beginning Balance 12/31/17 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation)* | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 12/31/18 | |||||||||||||||||||||||||||||||
Asset Table | |||||||||||||||||||||||||||||||||||||||
Investments, at fair value Common Stock | $ | 3,556,700 | $ | 244,620 | $ | (1,021,736 | ) | $ | — | $ | 275,224 | $ | 1,032,872 | $ | — | $ | — | $ | 4,087,680 | ||||||||||||||||||||
Preferred Stock | 13,201,310 | 692,412 | (2,183,218 | ) | — | (370,573 | ) | 1,649,675 | — | — | 12,989,606 | ||||||||||||||||||||||||||||
Total Investments, at value | $ | 16,758,010 | $ | 937,032 | $ | (3,204,954 | ) | $ | — | $ | (95,349 | ) | $ | 2,682,547 | $ | — | $ | — | $ | 17,077,286 |
* As of December 31, 2018, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $2,682,547.
At December 31, 2018, VY® T. Rowe Price Diversified Mid Cap Growth Portfolio held the following restricted securities:
Security | Acquisition Date | Acquisition Cost | Fair Value | ||||||||||||
AirBNB, Inc. - Series D | 4/16/2014 | $ | 1,318,736 | $ | 3,437,657 | ||||||||||
AirBNB, Inc. - Series E | 7/14/2015 | 346,218 | 394,697 | ||||||||||||
Slack Technologies, Inc., - Series H | 8/17/2018 | 692,412 | 692,412 | ||||||||||||
Tanium, Inc. - Series G | 8/26/2015 | 1,757,214 | 3,077,274 | ||||||||||||
Venture Global LNG, Inc. - Series B | 3/8/2018 | 132,880 | 228,800 | ||||||||||||
Venture Global LNG, Inc. - Series C | 10/16/2017 | 2,083,973 | 2,912,000 | ||||||||||||
WeWork Companies, Inc. - Class A | 6/23/2015 | 311,583 | 946,880 | ||||||||||||
WeWork Companies, Inc. - Series D-1 | 12/9/2014 | 739,245 | 2,300,157 | ||||||||||||
WeWork Companies, Inc. - Series D-2 | 12/9/2014 | 580,826 | 1,807,236 | ||||||||||||
WeWork Companies, Inc. - Series E | 6/23/2015 | 812,668 | 1,280,173 | ||||||||||||
$ | 8,775,755 | $ | 17,077,286 |
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $737,905,697.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 226,139,123 | |||||
Gross Unrealized Depreciation | (62,190,450 | ) | |||||
Net Unrealized Appreciation | $ | 163,948,673 |
See Accompanying Notes to Financial Statements
155
VY® T. ROWE PRICE SUMMARY PORTFOLIO OF INVESTMENTS
GROWTH EQUITY PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 98.1% | |||||||||||||||||||
Communication Services: 16.9% | |||||||||||||||||||
50,550 | (1 | ) | Alphabet, Inc. - Class A | $ | 52,822,728 | 3.2 | |||||||||||||
49,571 | (1 | ) | Alphabet, Inc. - Class C | 51,336,223 | 3.1 | ||||||||||||||
179,161 | (1 | ) | Electronic Arts, Inc. | 14,137,595 | 0.8 | ||||||||||||||
485,381 | (1 | ) | Facebook, Inc.- Class A | 63,628,595 | 3.8 | ||||||||||||||
90,373 | (1 | ) | Netflix, Inc. | 24,189,237 | 1.4 | ||||||||||||||
950,900 | Tencent Holdings Ltd. | 38,112,405 | 2.3 | ||||||||||||||||
3,251 | (1 | ),(2),(3) | Uber Technologies, Inc. - Class A | 158,559 | 0.0 | ||||||||||||||
213,344 | Walt Disney Co. | 23,393,170 | 1.4 | ||||||||||||||||
194,200 | (4 | ) | Other Securities | 14,352,577 | 0.9 | ||||||||||||||
282,131,089 | 16.9 | ||||||||||||||||||
Consumer Discretionary: 21.4% | |||||||||||||||||||
219,071 | (1 | ) | Alibaba Group Holding Ltd. ADR | 30,028,062 | 1.8 | ||||||||||||||
95,451 | (1 | ) | Amazon.com, Inc. | 143,364,538 | 8.6 | ||||||||||||||
19,248 | (1 | ) | Booking Holdings, Inc. | 33,153,140 | 2.0 | ||||||||||||||
238,818 | Delphi Technologies PLC | 14,704,024 | 0.9 | ||||||||||||||||
183,275 | (1 | ) | Dollar Tree, Inc. | 16,553,398 | 1.0 | ||||||||||||||
71,971 | McDonald's Corp. | 12,779,890 | 0.8 | ||||||||||||||||
256,398 | Nike, Inc. | 19,009,348 | 1.1 | ||||||||||||||||
75,942 | (1 | ) | Tesla, Inc. | 25,273,498 | 1.5 | ||||||||||||||
143,781 | Wynn Resorts Ltd. | 14,221,379 | 0.8 | ||||||||||||||||
999,622 | (4 | ),(5) | Other Securities | 48,431,499 | 2.9 | ||||||||||||||
357,518,776 | 21.4 | ||||||||||||||||||
Consumer Staples: 1.0% | |||||||||||||||||||
246,385 | Philip Morris International, Inc. | 16,448,663 | 1.0 | ||||||||||||||||
Financials: 5.6% | |||||||||||||||||||
1,134,411 | (1 | ),(2),(3) | Ant International Co., Limited Class C | 6,364,046 | 0.4 | ||||||||||||||
488,600 | Charles Schwab Corp. | 20,291,558 | 1.2 | ||||||||||||||||
102,885 | Chubb Ltd. | 13,290,684 | 0.8 | ||||||||||||||||
159,229 | Intercontinental Exchange, Inc. | 11,994,721 | 0.7 | ||||||||||||||||
445,580 | TD Ameritrade Holding Corp. | 21,815,597 | 1.3 | ||||||||||||||||
337,917 | Other Securities | 19,605,872 | 1.2 | ||||||||||||||||
93,362,478 | 5.6 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Health Care: 15.7% | |||||||||||||||||||
125,465 | (1 | ) | Alexion Pharmaceuticals, Inc. | $ | 12,215,272 | 0.7 | |||||||||||||
92,987 | Anthem, Inc. | 24,421,176 | 1.5 | ||||||||||||||||
144,061 | Becton Dickinson & Co. | 32,459,824 | 1.9 | ||||||||||||||||
117,463 | (1 | ) | Centene Corp. | 13,543,484 | 0.8 | ||||||||||||||
119,356 | Cigna Corp. | 22,668,092 | 1.4 | ||||||||||||||||
54,681 | (1 | ) | Intuitive Surgical, Inc. | 26,187,825 | 1.6 | ||||||||||||||
199,044 | Stryker Corp. | 31,200,147 | 1.9 | ||||||||||||||||
189,566 | UnitedHealth Group, Inc. | 47,224,682 | 2.8 | ||||||||||||||||
155,665 | (1 | ) | Vertex Pharmaceuticals, Inc. | 25,795,247 | 1.5 | ||||||||||||||
143,912 | (4 | ) | Other Securities | 26,263,218 | 1.6 | ||||||||||||||
261,978,967 | 15.7 | ||||||||||||||||||
Industrials: 8.6% | |||||||||||||||||||
182,073 | Boeing Co. | 58,718,542 | 3.5 | ||||||||||||||||
234,775 | Fortive Corp. | 15,884,877 | 1.0 | ||||||||||||||||
57,000 | Northrop Grumman Corp. | 13,959,300 | 0.8 | ||||||||||||||||
62,254 | Roper Technologies, Inc. | 16,591,936 | 1.0 | ||||||||||||||||
246,270 | TransUnion | 13,988,136 | 0.8 | ||||||||||||||||
271,958 | (5 | ) | Other Securities | 25,535,149 | 1.5 | ||||||||||||||
144,677,940 | 8.6 | ||||||||||||||||||
Information Technology: 26.2% | |||||||||||||||||||
77,732 | Apple, Inc. | 12,261,446 | 0.7 | ||||||||||||||||
135,846 | Fidelity National Information Services, Inc. | 13,931,007 | 0.8 | ||||||||||||||||
175,856 | (1 | ) | Fiserv, Inc. | 12,923,657 | 0.8 | ||||||||||||||
113,538 | Intuit, Inc. | 22,349,955 | 1.3 | ||||||||||||||||
246,562 | Mastercard, Inc. - Class A | 46,513,921 | 2.8 | ||||||||||||||||
865,606 | Microsoft Corp. | 87,919,601 | 5.3 | ||||||||||||||||
108,200 | Nvidia Corp. | 14,444,700 | 0.9 | ||||||||||||||||
205,159 | (1 | ) | PayPal Holdings, Inc. | 17,251,820 | 1.0 | ||||||||||||||
128,784 | (1 | ) | Red Hat, Inc. | 22,619,622 | 1.3 | ||||||||||||||
165,174 | (1 | ) | Salesforce.com, Inc. | 22,623,883 | 1.4 | ||||||||||||||
1,118,784 | Symantec Corp. | 21,139,424 | 1.3 | ||||||||||||||||
437,634 | Visa, Inc. - Class A | 57,741,430 | 3.5 | ||||||||||||||||
107,367 | VMware, Inc. | 14,723,237 | 0.9 | ||||||||||||||||
107,740 | (1 | ) | Workday, Inc. | 17,203,923 | 1.0 | ||||||||||||||
287,137 | (1 | ) | Worldpay, Inc. | 21,945,881 | 1.3 | ||||||||||||||
228,455 | (4 | ) | Other Securities | 31,954,612 | 1.9 | ||||||||||||||
437,548,119 | 26.2 |
See Accompanying Notes to Financial Statements
156
VY® T. ROWE PRICE SUMMARY PORTFOLIO OF INVESTMENTS
GROWTH EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Materials: 0.7% | |||||||||||||||||||
221,300 | Other Securities | $ | 11,835,124 | 0.7 | |||||||||||||||
Real Estate: 0.5% | |||||||||||||||||||
1,800 | (1 | ),(2),(3) | WeWork Companies, Inc. - Class A | 93,258 | 0.0 | ||||||||||||||
76,318 | Other Securities | 8,290,424 | 0.5 | ||||||||||||||||
8,383,682 | 0.5 | ||||||||||||||||||
Utilities: 1.5% | |||||||||||||||||||
133,478 | Sempra Energy | 14,440,985 | 0.9 | ||||||||||||||||
71,422 | Other Securities | 10,070,735 | 0.6 | ||||||||||||||||
24,511,720 | 1.5 | ||||||||||||||||||
Total Common Stock (Cost $1,387,081,871) | 1,638,396,558 | 98.1 | |||||||||||||||||
PREFERRED STOCK: 1.3% | |||||||||||||||||||
Communication Services: 0.9% | |||||||||||||||||||
59,241 | (1 | ),(2),(3) | AirBNB, Inc. - Series D | 6,287,247 | 0.4 | ||||||||||||||
16,058 | (1 | ),(2),(3) | AirBNB, Inc. - Series E | 1,704,235 | 0.1 | ||||||||||||||
464 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series A | 22,630 | 0.0 | ||||||||||||||
1,243 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series B | 60,624 | 0.0 | ||||||||||||||
329 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series C-1 | 16,046 | 0.0 | ||||||||||||||
266 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series C-2 | 12,973 | 0.0 | ||||||||||||||
3 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series C-3 | 146 | 0.0 | ||||||||||||||
296 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series D | 14,437 | 0.0 | ||||||||||||||
142 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series E | 6,926 | 0.0 | ||||||||||||||
73,385 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series G | 3,579,150 | 0.2 | ||||||||||||||
713 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series G-1 | 34,775 | 0.0 | ||||||||||||||
1,187 | (1 | ),(2),(3) | Uber Technologies, Inc. - Series Seed | 57,893 | 0.0 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
68,026 | (1 | ),(2),(3) | Xiaoju Kuaizhi, Inc., Series A-17 (DiDi Chuxing, Inc.) | $ | 3,190,419 | 0.2 | |||||||||||||
14,987,501 | 0.9 | ||||||||||||||||||
Information Technology: 0.3% | |||||||||||||||||||
93,459 | (1 | ),(2),(3) | Magic Leap, Inc. - Series C | 2,523,393 | 0.2 | ||||||||||||||
61,969 | (1 | ),(2),(3) | Magic Leap, Inc. - Series D | 1,673,163 | 0.1 | ||||||||||||||
4,196,556 | 0.3 | ||||||||||||||||||
Real Estate: 0.1% | |||||||||||||||||||
45,554 | (1 | ),(2),(3) | WeWork Companies, Inc. - Series E | 2,360,153 | 0.1 | ||||||||||||||
Total Preferred Stock (Cost $14,840,031) | 21,544,210 | 1.3 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
CONVERTIBLE BONDS/NOTES: 0.2% | |||||||||||||||||||
Consumer, Cyclical: 0.2% | |||||||||||||||||||
2,259,785 | Other Securities | $ | 2,810,644 | 0.2 | |||||||||||||||
Total Convertible Bonds/Notes (Cost $4,204,151) | 2,810,644 | 0.2 | |||||||||||||||||
Total Long-Term Investments (Cost $1,406,126,053) | 1,662,751,412 | 99.6 | |||||||||||||||||
SHORT-TERM INVESTMENTS: 0.5% | |||||||||||||||||||
Securities Lending Collateral(6): 0.5% | |||||||||||||||||||
438,848 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.95%, due 01/02/19 (Repurchase Amount $438,919, collateralized by various U.S. Government Securities, 0.000%-8.750%, Market Value plus accrued interest $447,698, due 01/08/19-09/09/49) | 438,848 | 0.1 |
See Accompanying Notes to Financial Statements
157
VY® T. ROWE PRICE SUMMARY PORTFOLIO OF INVESTMENTS
GROWTH EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Securities Lending Collateral(6) (continued) | |||||||||||||||||||
2,091,026 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $2,091,410, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $2,132,847, due 01/25/19- 10/20/68) | $ | 2,091,026 | 0.1 | |||||||||||||||
2,091,026 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $2,091,375, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $2,132,846, due 01/25/19-02/01/49) | 2,091,026 | 0.1 | ||||||||||||||||
2,091,026 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $2,091,372, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $2,132,847, due 10/01/25-10/20/48) | 2,091,026 | 0.1 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
2,091,026 | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/18, 3.37%, due 01/02/19 (Repurchase Amount $2,091,412, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,132,880, due 07/15/20- 02/15/47) | $ | 2,091,026 | 0.1 | |||||||||||||||
8,802,952 | 0.5 | ||||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 0.0% | |||||||||||||||||||
5,723 | (7 | ) | T. Rowe Price Government Reserve Fund, 2.400% (Cost $5,723) | $ | 5,723 | 0.0 | |||||||||||||
Total Short-Term Investments (Cost $8,808,675) | 8,808,675 | 0.5 | |||||||||||||||||
Total Investments in Securities (Cost $1,414,934,728) | $ | 1,671,560,087 | 100.1 | ||||||||||||||||
Liabilities in Excess of Other Assets | (1,167,107 | ) | (0.1 | ) | |||||||||||||||
Net Assets | $ | 1,670,392,980 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
ADR American Depositary Receipt
(1) Non-income producing security.
(2) For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(3) Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2018, the Portfolio held restricted securities with a fair value of $28,160,073 or 1.7% of net assets. Please refer to the table below for additional details.
(4) The grouping contains non-income producing securities.
(5) The grouping contains securities on loan.
(6) Represents securities purchased with cash collateral received for securities on loan.
(7) Rate shown is the 7-day yield as of December 31, 2018.
See Accompanying Notes to Financial Statements
158
VY® T. ROWE PRICE SUMMARY PORTFOLIO OF INVESTMENTS
GROWTH EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 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 December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Communication Services | $ | 243,860,125 | $ | 38,112,405 | $ | 158,559 | $ | 282,131,089 | |||||||||||
Consumer Discretionary | 357,518,776 | — | — | 357,518,776 | |||||||||||||||
Consumer Staples | 16,448,663 | — | — | 16,448,663 | |||||||||||||||
Financials | 86,998,432 | — | 6,364,046 | 93,362,478 | |||||||||||||||
Health Care | 261,978,967 | — | — | 261,978,967 | |||||||||||||||
Industrials | 144,677,940 | — | — | 144,677,940 | |||||||||||||||
Information Technology | 437,548,119 | — | — | 437,548,119 | |||||||||||||||
Materials | 11,835,124 | — | — | 11,835,124 | |||||||||||||||
Real Estate | 8,290,424 | — | 93,258 | 8,383,682 | |||||||||||||||
Utilities | 24,511,720 | — | — | 24,511,720 | |||||||||||||||
Total Common Stock | 1,593,668,290 | 38,112,405 | 6,615,863 | 1,638,396,558 | |||||||||||||||
Preferred Stock | — | — | 21,544,210 | 21,544,210 | |||||||||||||||
Convertible Bonds/Notes | — | 2,810,644 | — | 2,810,644 | |||||||||||||||
Short-Term Investments | 5,723 | 8,802,952 | — | 8,808,675 | |||||||||||||||
Total Investments, at fair value | $ | 1,593,674,013 | $ | 49,726,001 | $ | 28,160,073 | $ | 1,671,560,087 |
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at December 31, 2018:
Investments, at fair value | Fair Value at December 31, 2018 | Valuation Technique(s) | Unobservable Inputs | Range | Impact to Valuation from an Increase in Input** | ||||||||||||||||||
Common Stock | |||||||||||||||||||||||
Ant International Co., Limited Class C | $ | 6,364,046 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | |||||||||||||||||
Uber Technologies, Inc. - Class A | 158,559 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
WeWork Companies, Inc., - Class A | 93,258 | Recent Comparable Transaction Price/Market Comparable | Discount Factor* | — | n/a | ||||||||||||||||||
Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||||||
Enterprise Value to Gross Profit Multiple | 11.6 | x-13.8x | Increase | ||||||||||||||||||||
Enterprise Value to EBITDA Multiple | 24.2 | x-31.1x | Increase | ||||||||||||||||||||
EBITDA Growth Rate | 41 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 33 | % | Increase | ||||||||||||||||||||
Total Common Stock | $ | 6,615,863 |
See Accompanying Notes to Financial Statements
159
VY® T. ROWE PRICE SUMMARY PORTFOLIO OF INVESTMENTS
GROWTH EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Investments, at fair value | Fair Value at December 31, 2018 | Valuation Technique(s) | Unobservable Inputs | Range | Impact to Valuation from an Increase in Input** | ||||||||||||||||||
Preferred Stock | |||||||||||||||||||||||
AirBNB, Inc. - Series D | $ | 6,287,247 | Market Comparable | Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||
Enterprise Value to Gross Profit Multiple | 6.2 | x-7.9x | Increase | ||||||||||||||||||||
Enterprise Value to Sales Multiple | 4.6 | x-5.5x | Increase | ||||||||||||||||||||
Sales Growth Rate | 21 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 22 | % | Increase | ||||||||||||||||||||
AirBNB, Inc. - Series E | 1,704,235 | Market Comparable | Discount for Lack of Marketability | 10 | % | Decrease | |||||||||||||||||
Enterprise Value to Gross Profit Multiple | 6.2 | x-7.9x | Increase | ||||||||||||||||||||
Enterprise Value to Sales Multiple | 4.6 | x-5.5x | Increase | ||||||||||||||||||||
Sales Growth Rate | 21 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 22 | % | Increase | ||||||||||||||||||||
Magic Leap, Inc., Series C | 2,523,393 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Magic Leap, Inc., Series D | 1,673,163 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series A | 22,630 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series B | 60,624 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series C-1 | 16,046 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series C-2 | 12,973 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series C-3 | 146 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series D | 14,437 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series E | 6,926 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series G | 3,579,150 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series G-1 | 34,775 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Uber Technologies, Inc. - Series Seed | 57,893 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
WeWork Companies, Inc. - Series E | 2,360,153 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Discount for Lack of Marketability | 10 | % | Decrease | ||||||||||||||||||||
Enterprise Value to Gross Profit Multiple | 11.6 | x-13.8x | Increase | ||||||||||||||||||||
Enterprise Value to EBITDA Multiple | 24.2 | x-31.1x | Increase | ||||||||||||||||||||
EBITDA Growth Rate | 41 | % | Increase | ||||||||||||||||||||
Gross Profit Growth Rate | 33 | % | Increase | ||||||||||||||||||||
Xiaoju Kuaizhi, Inc., Series A-17 | 3,190,419 | Recent Comparable Transaction Price | Discount Factor* | — | n/a | ||||||||||||||||||
Total Preferred Stock | $ | 21,544,210 |
* No quantitative unobservable inputs were significant to the fair valuation determination at December 31, 2018
** Represents the directional change in the fair value of the Level 3 investment(s) that would result from an increase in the corresponding input. A decrease in the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.
See Accompanying Notes to Financial Statements
160
VY® T. ROWE PRICE SUMMARY PORTFOLIO OF INVESTMENTS
GROWTH EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio's assets and liabilities during the year ended December 31, 2018:
Beginning Balance 12/31/17 | Purchases | Sales | Accrued Discounts/ (Premiums) | Total Realized Gain/(Loss) | Net Change in Unrealized Appreciation/ (Depreciation)* | Transfers Into Level 3 | Transfers Out of Level 3 | Ending Balance 12/31/18 | |||||||||||||||||||||||||||||||
Asset Table | |||||||||||||||||||||||||||||||||||||||
Investments, at fair value | |||||||||||||||||||||||||||||||||||||||
Common Stock | $ | 1,986,212 | $ | 6,471,228 | $ | (3,032,712 | ) | $ | — | $ | 1,129,030 | $ | 62,105 | $ | — | $ | — | $ | 6,615,863 | ||||||||||||||||||||
Preferred Stock | 24,850,180 | 164,342 | (3,938,602 | ) | — | 182,208 | 286,082 | — | — | 21,544,210 | |||||||||||||||||||||||||||||
Total Investments, at value | $ | 26,836,392 | $ | 6,635,570 | $ | (6,971,314 | ) | $ | — | $ | 1,311,238 | $ | 348,187 | $ | — | $ | — | $ | 28,160,073 |
* As of December 31, 2018, total change in unrealized gain (loss) on Level 3 securities still held at period end and included in the change in net assets was $348,187.
At December 31, 2018, VY® T. Rowe Price Growth Equity Portfolio held the following restricted securities:
Security | Acquisition Date | Acquisition Cost | Fair Value | ||||||||||||
AirBNB, Inc. - Series D | 4/16/2014 | $ | 2,411,881 | $ | 6,287,247 | ||||||||||
AirBNB, Inc. - Series E | 7/14/2015 | 1,494,910 | 1,704,235 | ||||||||||||
Ant International Co., Limited Class C | 6/7/2018 | 6,364,046 | 6,364,046 | ||||||||||||
Magic Leap, Inc. - Series C | 1/20/2016 | 2,152,641 | 2,523,393 | ||||||||||||
Magic Leap, Inc. - Series D | 10/12/2017 | 1,673,163 | 1,673,163 | ||||||||||||
Uber Technologies, Inc. - Class A | 1/16/2018 | 107,182 | 158,559 | ||||||||||||
Uber Technologies, Inc. - Series A | 1/16/2018 | 15,297 | 22,630 | ||||||||||||
Uber Technologies, Inc. - Series B | 1/16/2018 | 40,980 | 60,624 | ||||||||||||
Uber Technologies, Inc. - Series C-1 | 1/16/2018 | 10,847 | 16,046 | ||||||||||||
Uber Technologies, Inc. - Series C-2 | 1/16/2018 | 8,770 | 12,973 | ||||||||||||
Uber Technologies, Inc. - Series C-3 | 1/16/2018 | 99 | 146 | ||||||||||||
Uber Technologies, Inc. - Series D | 1/16/2018 | 9,759 | 14,437 | ||||||||||||
Uber Technologies, Inc. - Series E | 1/16/2018 | 4,682 | 6,926 | ||||||||||||
Uber Technologies, Inc. - Series G | 12/3/2015 | 3,579,148 | 3,579,150 | ||||||||||||
Uber Technologies, Inc. - Series G-1 | 1/16/2018 | 34,774 | 34,775 | ||||||||||||
Uber Technologies, Inc. - Series Seed | 1/16/2018 | 39,134 | 57,893 | ||||||||||||
WeWork Companies, Inc. - Class A | 6/23/2015 | 59,201 | 93,258 | ||||||||||||
WeWork Companies, Inc. - Series E | 6/23/2015 | 1,498,251 | 2,360,153 | ||||||||||||
Xiaoju Kuaizhi, Inc., Series A-17 (DiDi Chuxing, Inc.) | 10/19/2015 | 1,865,695 | 3,190,419 | ||||||||||||
$ | 21,370,460 | $ | 28,160,073 |
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $1,419,678,500.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 359,763,068 | |||||
Gross Unrealized Depreciation | (107,881,481 | ) | |||||
Net Unrealized Appreciation | $ | 251,881,587 |
See Accompanying Notes to Financial Statements
161
VY® TEMPLETON SUMMARY PORTFOLIO OF INVESTMENTS
FOREIGN EQUITY PORTFOLIO AS OF DECEMBER 31, 2018
Shares | Value | Percentage of Net Assets | |||||||||||||||||
COMMON STOCK: 95.9% | |||||||||||||||||||
Canada: 1.8% | |||||||||||||||||||
1,009,010 | Other Securities | $ | 8,536,722 | 1.8 | |||||||||||||||
China: 7.1% | |||||||||||||||||||
2,585,000 | China Life Insurance Co., Ltd. - H Shares | 5,466,614 | 1.2 | ||||||||||||||||
729,000 | China Mobile Ltd. | 7,054,239 | 1.5 | ||||||||||||||||
21,246,000 | China Telecom Corp., Ltd. - H Shares | 10,885,747 | 2.3 | ||||||||||||||||
789,410 | (1 | ) | Other Securities | 10,205,846 | 2.1 | ||||||||||||||
33,612,446 | 7.1 | ||||||||||||||||||
Denmark: 1.7% | |||||||||||||||||||
106,420 | Vestas Wind Systems A/S | 8,055,851 | 1.7 | ||||||||||||||||
France: 10.9% | |||||||||||||||||||
294,784 | AXA S.A. | 6,362,007 | 1.3 | ||||||||||||||||
217,559 | BNP Paribas | 9,825,137 | 2.1 | ||||||||||||||||
134,859 | Cie de Saint-Gobain | 4,476,851 | 0.9 | ||||||||||||||||
47,171 | Cie Generale des Etablissements Michelin SCA | 4,642,904 | 1.0 | ||||||||||||||||
120,056 | Sanofi | 10,414,858 | 2.2 | ||||||||||||||||
132,509 | Total SA | 6,989,210 | 1.5 | ||||||||||||||||
349,060 | Veolia Environnement | 7,148,480 | 1.5 | ||||||||||||||||
189,809 | Other Securities | 2,042,808 | 0.4 | ||||||||||||||||
51,902,255 | 10.9 | ||||||||||||||||||
Germany: 10.0% | |||||||||||||||||||
94,795 | Bayer AG | 6,592,883 | 1.4 | ||||||||||||||||
772,365 | E.ON AG | 7,624,274 | 1.6 | ||||||||||||||||
336,555 | Infineon Technologies AG | 6,738,400 | 1.4 | ||||||||||||||||
96,477 | LANXESS AG | 4,435,674 | 1.0 | ||||||||||||||||
83,268 | Merck KGaA | 8,570,999 | 1.8 | ||||||||||||||||
69,071 | Siemens AG | 7,708,442 | 1.6 | ||||||||||||||||
1,458,054 | Telefonica Deutschland Holding AG | 5,738,791 | 1.2 | ||||||||||||||||
47,409,463 | 10.0 | ||||||||||||||||||
Hong Kong: 3.6% | |||||||||||||||||||
731,300 | AIA Group Ltd. | 6,074,773 | 1.3 | ||||||||||||||||
228,400 | CK Hutchison Holdings Ltd. ADR | 2,165,232 | 0.4 | ||||||||||||||||
485,640 | CK Hutchison Holdings Ltd. | 4,661,275 | 1.0 | ||||||||||||||||
583,140 | Other Securities | 4,266,591 | 0.9 | ||||||||||||||||
17,167,871 | 3.6 | ||||||||||||||||||
India: 2.5% | |||||||||||||||||||
413,798 | Housing Development Finance Corp. | 11,658,465 | 2.5 |
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Ireland: 1.1% | |||||||||||||||||||
917,465 | Bank of Ireland Group PLC | $ | 5,102,693 | 1.1 | |||||||||||||||
Israel: 1.5% | |||||||||||||||||||
469,658 | Teva Pharmaceutical Industries Ltd. ADR | 7,242,126 | 1.5 | ||||||||||||||||
Italy: 2.4% | |||||||||||||||||||
521,458 | ENI S.p.A. | 8,237,588 | 1.7 | ||||||||||||||||
272,721 | Other Securities | 3,089,087 | 0.7 | ||||||||||||||||
11,326,675 | 2.4 | ||||||||||||||||||
Japan: 11.6% | |||||||||||||||||||
573,700 | Astellas Pharma, Inc. | 7,329,953 | 1.5 | ||||||||||||||||
277,700 | Mitsui Fudosan Co., Ltd. | 6,168,247 | 1.3 | ||||||||||||||||
560,600 | Panasonic Corp. | 5,036,107 | 1.1 | ||||||||||||||||
146,800 | Seven & I Holdings Co., Ltd. | 6,379,210 | 1.3 | ||||||||||||||||
240,400 | Suntory Beverage & Food Ltd. | 10,854,686 | 2.3 | ||||||||||||||||
597,000 | Other Securities | 19,447,032 | 4.1 | ||||||||||||||||
55,215,235 | 11.6 | ||||||||||||||||||
Luxembourg: 1.6% | |||||||||||||||||||
392,554 | SES S.A. - Luxembourg | 7,515,892 | 1.6 | ||||||||||||||||
Netherlands: 6.1% | |||||||||||||||||||
60,400 | NXP Semiconductor NV - NXPI - US | 4,426,112 | 0.9 | ||||||||||||||||
145,314 | (2 | ) | QIAGEN NV | 4,965,494 | 1.1 | ||||||||||||||
424,584 | Royal Dutch Shell PLC - Class B | 12,693,997 | 2.7 | ||||||||||||||||
292,718 | Other Securities | 6,660,924 | 1.4 | ||||||||||||||||
28,746,527 | 6.1 | ||||||||||||||||||
Norway: 1.0% | |||||||||||||||||||
126,013 | Yara International ASA | 4,857,720 | 1.0 | ||||||||||||||||
Singapore: 1.5% | |||||||||||||||||||
3,347,000 | Singapore Telecommunications Ltd. | 7,203,529 | 1.5 | ||||||||||||||||
South Korea: 5.0% | |||||||||||||||||||
132,540 | Hana Financial Group, Inc. | 4,310,576 | 0.9 | ||||||||||||||||
139,280 | (2 | ),(3) | KB Financial Group, Inc. ADR | 5,846,974 | 1.3 | ||||||||||||||
15,480 | Samsung Electronics Co., Ltd. GDR | 13,413,825 | 2.8 | ||||||||||||||||
23,571,375 | 5.0 |
See Accompanying Notes to Financial Statements
162
VY® TEMPLETON SUMMARY PORTFOLIO OF INVESTMENTS
FOREIGN EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Sweden: 0.6% | |||||||||||||||||||
322,994 | Other Securities | $ | 2,920,718 | 0.6 | |||||||||||||||
Switzerland: 6.3% | |||||||||||||||||||
91,997 | Novartis AG | 7,879,016 | 1.6 | ||||||||||||||||
43,811 | Roche Holding AG | 10,876,469 | 2.3 | ||||||||||||||||
723,297 | UBS Group AG | 9,021,860 | 1.9 | ||||||||||||||||
40,890 | (4 | ) | Other Securities | 2,302,774 | 0.5 | ||||||||||||||
30,080,119 | 6.3 | ||||||||||||||||||
Taiwan: 1.3% | |||||||||||||||||||
885,251 | Taiwan Semiconductor Manufacturing Co., Ltd. | 6,428,014 | 1.3 | ||||||||||||||||
Thailand: 1.5% | |||||||||||||||||||
1,110,400 | Bangkok Bank PCL - Foreign Reg | 7,067,730 | 1.5 | ||||||||||||||||
United Kingdom: 16.8% | |||||||||||||||||||
2,106,820 | BP PLC | 13,318,657 | 2.8 | ||||||||||||||||
217,734 | CRH PLC - London | 5,763,831 | 1.2 | ||||||||||||||||
927,600 | HSBC Holdings PLC (HKD) | 7,653,995 | 1.6 | ||||||||||||||||
164,170 | Johnson Matthey PLC | 5,861,797 | 1.3 | ||||||||||||||||
254,346 | Shire PLC | 14,799,782 | 3.1 | ||||||||||||||||
1,534,087 | Standard Chartered PLC | 11,922,411 | 2.5 | ||||||||||||||||
3,653,591 | Vodafone Group PLC | 7,103,640 | 1.5 | ||||||||||||||||
5,162,755 | (1 | ) | Other Securities | 13,185,329 | 2.8 | ||||||||||||||
79,609,442 | 16.8 | ||||||||||||||||||
Total Common Stock (Cost $435,815,266) | 455,230,868 | 95.9 | |||||||||||||||||
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
SHORT-TERM INVESTMENTS: 3.7% | |||||||||||||||||||
U.S. Government Agency Obligations: 2.4% | |||||||||||||||||||
11,600,000 | Federal Home Loan Bank Discount Notes, 2.150%, 01/02/2019 (Cost $11,599,307) | $ | 11,600,000 | 2.4 |
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Securities Lending Collateral(5): 0.9% | |||||||||||||||||||
1,064,597 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $1,064,792, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $1,085,889, due 01/25/19-10/20/68) | $ | 1,064,597 | 0.2 | |||||||||||||||
1,064,597 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $1,064,775, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $1,085,889, due 01/25/19-02/01/49) | 1,064,597 | 0.2 | ||||||||||||||||
223,630 | Mizuho Securities USA LLC, Repurchase Agreement dated 12/31/18, 2.92%, due 01/02/19 (Repurchase Amount $223,666, collateralized by various U.S. Government Securities, 1.875%-2.625%, Market Value plus accrued interest $228,103, due 02/29/24-09/09/49) | 223,630 | 0.1 |
See Accompanying Notes to Financial Statements
163
VY® TEMPLETON SUMMARY PORTFOLIO OF INVESTMENTS
FOREIGN EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Principal Amount† | Value | Percentage of Net Assets | |||||||||||||||||
Securities Lending Collateral(5) (continued) | |||||||||||||||||||
1,064,597 | Nomura Securities, Repurchase Agreement dated 12/31/18, 3.00%, due 01/02/19 (Repurchase Amount $1,064,772, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $1,085,889, due 01/03/19-11/20/68) | $ | 1,064,597 | 0.2 | |||||||||||||||
1,064,597 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $1,064,773, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $1,085,889, due 10/01/25-10/20/48) | 1,064,597 | 0.2 | ||||||||||||||||
4,482,018 | 0.9 | ||||||||||||||||||
Shares | Value | Percentage of Net Assets | |||||||||||||||||
Mutual Funds: 0.4% | |||||||||||||||||||
1,733,077 | (6 | ) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% (Cost $1,733,077) | $ | 1,733,077 | 0.4 | |||||||||||||
Total Short-Term Investments (Cost $17,814,402) | 17,815,095 | 3.7 | |||||||||||||||||
Total Investments in Securities (Cost $453,629,668) | $ | 473,045,963 | 99.6 | ||||||||||||||||
Assets in Excess of Other Liabilities | 1,789,419 | 0.4 | |||||||||||||||||
Net Assets | $ | 474,835,382 | 100.0 |
"Other Securities" represents issues not identified as the top 50 holdings in terms of market value and issues or issuers not exceeding 1% of net assets individually or in aggregate respectively as of December 31, 2018.
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
† Unless otherwise indicated, principal amount is shown in USD.
ADR American Depositary Receipt
GDR Global Depositary Receipt
(1) The grouping contains non-income producing securities.
(2) Non-income producing security.
(3) Security, or a portion of the security, is on loan.
(4) The grouping contains securities on loan.
(5) Represents securities purchased with cash collateral received for securities on loan.
(6) Rate shown is the 7-day yield as of December 31, 2018.
Sector Diversification | Percentage of Net Assets | ||||||
Financials | 21.0 | % | |||||
Health Care | 17.7 | ||||||
Communication Services | 11.5 | ||||||
Energy | 10.2 | ||||||
Industrials | 7.9 | ||||||
Information Technology | 7.7 | ||||||
Materials | 6.6 | ||||||
Consumer Discretionary | 4.4 | ||||||
Consumer Staples | 3.6 | ||||||
Utilities | 3.1 | ||||||
Real Estate | 2.2 | ||||||
Short-Term Investments | 3.7 | ||||||
Assets in Excess of Other Liabilities | 0.4 | ||||||
Net Assets | 100.0 | % |
See Accompanying Notes to Financial Statements
164
VY® TEMPLETON SUMMARY PORTFOLIO OF INVESTMENTS
FOREIGN EQUITY PORTFOLIO AS OF DECEMBER 31, 2018 (CONTINUED)
Fair Value Measurements^
The following is a summary of the fair valuations according to the inputs used as of December 31, 2018 in valuing the assets and liabilities:(1)
Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs# (Level 2) | Significant Unobservable Inputs (Level 3) | Fair Value at December 31, 2018 | ||||||||||||||||
Asset Table | |||||||||||||||||||
Investments, at fair value | |||||||||||||||||||
Common Stock | |||||||||||||||||||
Canada | $ | 8,536,722 | $ | — | $ | — | $ | 8,536,722 | |||||||||||
China | 7,044,786 | 26,567,660 | — | 33,612,446 | |||||||||||||||
Denmark | — | 8,055,851 | — | 8,055,851 | |||||||||||||||
France | — | 51,902,255 | — | 51,902,255 | |||||||||||||||
Germany | — | 47,409,463 | — | 47,409,463 | |||||||||||||||
Hong Kong | 2,165,232 | 15,002,639 | — | 17,167,871 | |||||||||||||||
India | — | 11,658,465 | — | 11,658,465 | |||||||||||||||
Ireland | — | 5,102,693 | — | 5,102,693 | |||||||||||||||
Israel | 7,242,126 | — | — | 7,242,126 | |||||||||||||||
Italy | — | 11,326,675 | — | 11,326,675 | |||||||||||||||
Japan | — | 55,215,235 | — | 55,215,235 | |||||||||||||||
Luxembourg | — | 7,515,892 | — | 7,515,892 | |||||||||||||||
Netherlands | 4,426,112 | 24,320,415 | — | 28,746,527 | |||||||||||||||
Norway | — | 4,857,720 | — | 4,857,720 | |||||||||||||||
Singapore | — | 7,203,529 | — | 7,203,529 | |||||||||||||||
South Korea | 5,846,974 | 17,724,401 | — | 23,571,375 | |||||||||||||||
Sweden | — | 2,920,718 | — | 2,920,718 | |||||||||||||||
Switzerland | — | 30,080,119 | — | 30,080,119 | |||||||||||||||
Taiwan | — | 6,428,014 | — | 6,428,014 | |||||||||||||||
Thailand | — | 7,067,730 | — | 7,067,730 | |||||||||||||||
United Kingdom | — | 79,609,442 | — | 79,609,442 | |||||||||||||||
Total Common Stock | 35,261,952 | 419,968,916 | — | 455,230,868 | |||||||||||||||
Short-Term Investments | 1,733,077 | 16,082,018 | — | 17,815,095 | |||||||||||||||
Total Investments, at fair value | $ | 36,995,029 | $ | 436,050,934 | $ | — | $ | 473,045,963 |
(1) For the year ended December 31, 2018, as a result of the fair value pricing procedures for international equities utilized by the Portfolio (Note 2) certain securities have transferred in and out of Level 1 and Level 2 measurements during the year. The Portfolio's policy is to recognize transfers between levels at the beginning of the reporting period. At December 31, 2018, securities valued at $38,859,922 were transferred from Level 1 to Level 2 within the fair value hierarchy.
^ See Note 2, "Significant Accounting Policies" in the Notes to Financial Statements for additional information.
# The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Portfolio may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a portion of the Portfolio's investments are categorized as Level 2 investments.
The effect of derivative instruments on the Portfolio's Statement of Operations for the year ended December 31, 2018 was as follows:
Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | 130,045 | |||||
Total | $ | 130,045 | |||||
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | |||||||
Derivatives not accounted for as hedging instruments | Forward foreign currency contracts | ||||||
Foreign exchange contracts | $ | (362 | ) | ||||
Total | $ | (362 | ) |
At December 31, 2018, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments at year end were:
Cost for federal income tax purposes was $455,873,528.
Net unrealized appreciation consisted of: | |||||||
Gross Unrealized Appreciation | $ | 73,264,596 | |||||
Gross Unrealized Depreciation | (56,090,964 | ) | |||||
Net Unrealized Appreciation | $ | 17,173,632 |
See Accompanying Notes to Financial Statements
165
TAX INFORMATION (UNAUDITED)
Dividends and distributions paid during the year ended December 31, 2018 were as follows:
Portfolio Name | Type | Per Share Amount | |||||||||
Voya Global Bond Portfolio | |||||||||||
Class ADV | NII | $ | 0.3507 | ||||||||
Class I | NII | $ | 0.4098 | ||||||||
Class S | NII | $ | 0.3821 | ||||||||
VY® American Century Small-Mid Cap Value Portfolio | |||||||||||
Class ADV | NII | $ | 0.1009 | ||||||||
Class I | NII | $ | 0.1628 | ||||||||
Class S | NII | $ | 0.1294 | ||||||||
Class S2 | NII | $ | 0.1060 | ||||||||
All Classes | STCG | $ | 0.3805 | ||||||||
All Classes | LTCG | $ | 0.9563 | ||||||||
VY® Baron Growth Portfolio | |||||||||||
All Classes | NII | $ | — | ||||||||
All Classes | STCG | $ | 0.1252 | ||||||||
All Classes | LTCG | $ | 3.0304 | ||||||||
VY® Columbia Contrarian Core Portfolio | |||||||||||
Class ADV | NII | $ | 0.1542 | ||||||||
Class I | NII | $ | 0.2796 | ||||||||
Class S | NII | $ | 0.2125 | ||||||||
All Classes | STCG | $ | 0.1401 | ||||||||
All Classes | LTCG | $ | 2.3385 | ||||||||
VY® Columbia Small Cap Value II Portfolio | |||||||||||
Class ADV | NII | $ | 0.0045 | ||||||||
Class I | NII | $ | 0.1073 | ||||||||
Class R6 | NII | $ | 0.1074 | ||||||||
Class S | NII | $ | 0.0492 | ||||||||
Class S2 | NII | $ | — | ||||||||
All Classes | STCG | $ | 0.2750 | ||||||||
All Classes | LTCG | $ | 1.8101 | ||||||||
VY® Invesco Comstock Portfolio | |||||||||||
Class ADV | NII | $ | 0.2183 | ||||||||
Class I | NII | $ | 0.3275 | ||||||||
Class S | NII | $ | 0.2720 | ||||||||
VY® Invesco Equity and Income Portfolio | |||||||||||
Class ADV | NII | $ | 0.6626 | ||||||||
Class I | NII | $ | 0.9042 | ||||||||
Class S | NII | $ | 0.7832 | ||||||||
Class S2 | NII | $ | 0.7136 | ||||||||
All Classes | LTCG | $ | 2.8872 |
Portfolio Name | Type | Per Share Amount | |||||||||
VY® JPMorgan Mid Cap Value Portfolio | |||||||||||
Class ADV | NII | $ | 0.1648 | ||||||||
Class I | NII | $ | 0.2594 | ||||||||
Class S | NII | $ | 0.2087 | ||||||||
Class S2 | NII | $ | 0.1752 | ||||||||
All Classes | STCG | $ | 0.0648 | ||||||||
All Classes | LTCG | $ | 1.6144 | ||||||||
VY® Oppenheimer Global Portfolio | |||||||||||
Class ADV | NII | $ | 0.2503 | ||||||||
Class I | NII | $ | 0.3440 | ||||||||
Class S | NII | $ | 0.2907 | ||||||||
Class S2 | NII | $ | 0.2673 | ||||||||
All Classes | STCG | $ | 0.0651 | ||||||||
All Classes | LTCG | $ | 1.4260 | ||||||||
VY® Pioneer High Yield Portfolio | |||||||||||
Class I | NII | $ | 0.6074 | ||||||||
Class S | NII | $ | 0.5775 | ||||||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | |||||||||||
Class ADV | NII | $ | — | ||||||||
Class I | NII | $ | 0.0216 | ||||||||
Class R6 | NII | $ | 0.0216 | ||||||||
Class S | NII | $ | — | ||||||||
Class S2 | NII | $ | — | ||||||||
All Classes | STCG | $ | 0.0705 | ||||||||
All Classes | LTCG | $ | 1.0893 | ||||||||
VY® T. Rowe Price Growth Equity Portfolio | |||||||||||
Class ADV | NII | $ | 0.0001 | ||||||||
Class I | NII | $ | 0.2335 | ||||||||
Class S | NII | $ | 0.0421 | ||||||||
Class S2 | NII | $ | 0.0001 | ||||||||
All Classes | STCG | $ | 0.2836 | ||||||||
All Classes | LTCG | $ | 15.5894 | ||||||||
VY® Templeton Foreign Equity Portfolio | |||||||||||
Class ADV | NII | $ | 0.2059 | ||||||||
Class I | NII | $ | 0.2699 | ||||||||
Class S | NII | $ | 0.2327 | ||||||||
Class S2 | NII | $ | 0.0788 |
NII — Net investment income
STCG — Short-term capital gain
LTCG — Long-term capital gain
Of the ordinary distributions made during the year ended December 31, 2018, the following percentages qualify for the dividends received deduction (DRD) available to corporate shareholders:
VY® American Century Small-Mid Cap Value Portfolio | 40.46 | % | |||||
VY® Baron Growth Portfolio | 100.00 | % | |||||
VY® Columbia Contrarian Core Portfolio | 100.00 | % | |||||
VY® Columbia Small Cap Value II Portfolio | 68.73 | % | |||||
VY® Invesco Comstock Portfolio | 77.04 | % | |||||
VY® Invesco Equity and Income Portfolio | 62.79 | % | |||||
VY® JPMorgan Mid Cap Value Portfolio | 100.00 | % | |||||
VY® Oppenheimer Global Portfolio | 25.02 | % | |||||
VY® Pioneer High Yield Portfolio | 2.78 | % | |||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | 93.68 | % | |||||
VY® T. Rowe Price Growth Equity Portfolio | 100.00 | % |
The Portfolios designate the following amounts of long-term capital gain distributions as 20% rate long-term capital gain dividends under Internal Revenue Code Section 852(b)(3)(C):
VY® American Century Small-Mid Cap Value Portfolio | $ | 27,932,717 | |||||
VY® Baron Growth Portfolio | $ | 72,863,629 | |||||
VY® Columbia Contrarian Core Portfolio | $ | 28,642,329 | |||||
VY® Columbia Small Cap Value II Portfolio | $ | 18,117,296 | |||||
VY® Invesco Equity and Income Portfolio | $ | 93,939,328 | |||||
VY® JPMorgan Mid Cap Value Portfolio | $ | 40,343,527 | |||||
VY® Oppenheimer Global Portfolio | $ | 104,664,650 | |||||
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio | $ | 91,173,924 | |||||
VY® T. Rowe Price Growth Equity Portfolio | $ | 299,823,491 |
166
TAX INFORMATION (UNAUDITED) (CONTINUED)
Pursuant to Section 853 of the Internal Revenue Code, the Portfolios designate the following amounts as foreign taxes paid for the year ended December 31, 2018. Foreign taxes paid for purposes of Section 853 may be less than actual foreign taxes paid for financial statement purposes.
Creditable Foreign Taxes Paid | Per Share Amount | Portion of Ordinary Income Distribution Derived from Foreign Sourced Income* | |||||||||||||
VY® Templeton Foreign Equity Portfolio | $ | 726,574 | $ | 0.0169 | 98.95 | % |
*None of the Portfolios listed above derived any income from ineligible foreign sources as defined under Section 901(j) of the Internal Revenue Code.
Foreign taxes paid or withheld must be included in taxable income with an offsetting deduction from gross income or as a credit for taxes paid to foreign governments. Shareholders are strongly advised to consult their own tax advisors regarding the appropriate treatment of foreign taxes paid.
Above figures may differ from those cited elsewhere in this report due to differences in the calculation of income and gains under U.S. generally accepted accounting principles (book) purposes and Internal Revenue Service (tax) purposes.
Shareholders are strongly advised to consult their own tax advisers with respect to the tax consequences of their investments in the Portfolios. In January, shareholders, excluding corporate shareholders, receive an IRS 1099-DIV regarding the federal tax status of the dividends and distributions they received in the calendar year.
167
DIRECTOR AND OFFICER INFORMATION (UNAUDITED)
The business and affairs of the Company are managed under the direction of the Board. A Director, who is not an interested person of the Company, as defined in the 1940 Act, is an independent director ("Independent Director"). The Directors and Officers of the Company are listed below. The Statement of Additional Information includes additional information about Directors of the Company and is available, without charge, upon request at (800) 262-3862.
Name, Address and Age | Position(s) held with the Company | Term of Office and Length of Time Served(1) | Principal Occupation(s) - during the Past 5 Years | Number of funds in Fund Complex Overseen by Director(2) | Other Board Positions held by Director | ||||||||||||||||||
Independent Directors*: | |||||||||||||||||||||||
Colleen D. Baldwin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 58 | Director | November 2007 - Present | President, Glantuam Partners, LLC, a business consulting firm (January 2009 - Present). | 150 | Dentaquest, Boston, MA (February 2014 - Present); RSR Partners, Inc. (2016 - Present). | ||||||||||||||||||
John V. Boyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 65 | Chairperson Director | January 2014 - Present November 1997 - Present | President and Chief Executive Officer, Bechtler Arts Foundation, an arts and education foundation (January 2008 - Present). | 150 | None. | ||||||||||||||||||
Patricia W. Chadwick 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 70 | Director | January 2006 - Present | Consultant and President, Ravengate Partners LLC, a consulting firm that provides advice regarding financial markets and the global economy (January 2000 - Present). | 150 | Wisconsin Energy Corporation (June 2006 - Present); The Royce Fund (22 funds) (December 2009 - Present); and AMICA Mutual Insurance Company (1992 - Present). | ||||||||||||||||||
Martin J. Gavin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, AZ 85258 Age: 68 | Director | August 2015 - Present | Retired. Formerly, President and Chief Executive Officer, Connecticut Children's Medical Center (May 2006 - November 2015). | 150 | None. | ||||||||||||||||||
Russell H. Jones 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 74 | Director | May 2013 - Present | Retired. | 150 | None. | ||||||||||||||||||
Joseph E. Obermeyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | Director | May 2013 - Present | President, Obermeyer & Associates, Inc., a provider of financial and economic consulting services (November 1999 - Present). | 150 | None. | ||||||||||||||||||
Sheryl K. Pressler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 68 | Director | January 2006 - Present | Consultant (May 2001 - Present). | 150 | None. | ||||||||||||||||||
Christopher P. Sullivan 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 65 | Director | October 2015 - Present | Retired. | 150 | None. | ||||||||||||||||||
Roger B. Vincent 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 73 | Director | January 2005 - Present | Retired. | 150 | None. |
168
DIRECTOR AND OFFICER INFORMATION (UNAUDITED) (CONTINUED)
Name, Address and Age | Position(s) held with the Company | Term of Office and Length of Time Served(1) | Principal Occupation(s) - during the Past 5 Years | Number of funds in Fund Complex Overseen by Director(2) | Other Board Positions held by Director | ||||||||||||||||||
Director who is an "interested person": | |||||||||||||||||||||||
Dina Santoro(3) 230 Park Avenue New York, New York 10169 Age: 45 | Director | July 2018 - Present | President, Voya Investments, LLC and Voya Capital, LLC (March 2018 - Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 - Present); Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017 - Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004 - August 2017). | 150 | Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 - Present); Voya Investments Distributor, LLC (April 2018 - Present). |
(1) Directors serve until their successors are duly elected and qualified. The tenure of each Director who is not an "interested person" as defined in the 1940 Act, of each Portfolio ("Independent Director") is subject to the Board's retirement policy which states that each duly elected or appointed Independent Director shall retire from and cease to be a member of the Board of Directors at the close of business on December 31 of the calendar year in which the Independent Director attains the age of 75. A majority vote of the Board's other Independent Directors may extend the retirement date of an Independent Director if the retirement would trigger a requirement to hold a meeting of shareholders of the Company under applicable law, whether for the purposes of appointing a successor to the Independent Director or otherwise comply under applicable law, in which case the extension would apply until such time as the shareholder meeting can be held or is no longer required (as determined by a vote of a majority of the other Independent Directors).
(2) For the purposes of this table, "Fund Complex" means the Voya family of funds including the following investment companies: Voya Asia Pacific High Dividend Equity Income Fund; Voya Balanced Portfolio, Inc.; Voya Emerging Markets High Dividend Equity Fund; Voya Equity Trust; Voya Funds Trust; Voya Global Advantage and Premium Opportunity Fund; Voya Global Equity Dividend and Premium Opportunity Fund; Voya Government Money Market Portfolio; Voya Infrastructure, Industrials and Materials Fund; Voya Intermediate Bond Portfolio; Voya International High Dividend Equity Income Fund; Voya Investors Trust; Voya Mutual Funds; Voya Natural Resources Equity Income Fund; Voya Partners, Inc.; Voya Prime Rate Trust; Voya Senior Income Fund; Voya Separate Portfolios Trust; Voya Series Fund, Inc.; Voya Strategic Allocation Portfolios, Inc.; Voya Variable Funds; Voya Variable Insurance Trust; Voya Variable Portfolios, Inc.; and Voya Variable Products Trust. The number of funds in the Fund Complex is as of January 31, 2019.
(3) Effective July 10, 2018, Ms. Santoro was appointed to the Board of Directors and is deemed to be an "interested person" of the Company as defined in the 1940 Act, because of her current affiliation with the Voya funds, Voya Financial, Inc. or Voya Financial, Inc.'s affiliates.
* Effective December 31, 2018, Patrick W. Kenny retired as Director of the Board.
169
DIRECTOR AND OFFICER INFORMATION (UNAUDITED) (CONTINUED)
Name, Address and Age | Position(s) Held with the Company | Term of Office and Length of Time Served(1) | Principal Occupation(s) - during the Past 5 Years | ||||||||||||
Michael Bell One Orange Way Windsor, Connecticut 06095 Age: 50 | Chief Executive Officer | March 2018 - Present | Chief Executive Officer and Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 - Present); Senior Vice President and Treasurer, Voya Investments Distributor, LLC (November 2015 - Present); Chief Financial Officer, Voya Investment Management (September 2014 - Present). Formerly, Senior Vice President, Chief Financial Officer and Treasurer, Voya Investments, LLC (November 2015 - March 2018); Chief Financial Officer and Chief Accounting Officer, Hartford Investment Management (September 2003 - September 2014). | ||||||||||||
Dina Santoro 230 Park Avenue New York, New York 10169 Age: 45 | President | March 2018 - Present | President and Director, Voya Investments, LLC and Voya Capital, LLC (March 2018-Present); Director, Voya Funds Services, LLC (March 2018 - Present); Director and Senior Vice President, Voya Investments Distributor, LLC (April 2018 - Present); Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017 - Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004 - August 2017). | ||||||||||||
Stanley D. Vyner 230 Park Avenue New York, New York 10169 Age: 68 | Executive Vice President Chief Investment Risk Officer | January 2005 - Present September 2009 - Present | Executive Vice President, Voya Investments, LLC (July 2000 - Present) and Chief Investment Risk Officer, Voya Investments, LLC (January 2003 - Present). | ||||||||||||
James M. Fink 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 60 | Executive Vice President | March 2018 - Present | Managing Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 - Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 - Present); Chief Administrative Officer, Voya Investment Management (September 2017 - Present). Formerly, Managing Director, Operations, Voya Investment Management (March 1999 - September 2017). | ||||||||||||
Kevin M. Gleason 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 52 | Chief Compliance Officer | February 2012 - Present | Senior Vice President, Voya Investment Management and Chief Compliance Officer, Voya Family of Funds (February 2012 - Present). | ||||||||||||
Todd Modic 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age:51 | Senior Vice President, Chief/Principal Financial Officer and Assistant Secretary | March 2005 - Present | President, Voya Funds Services, LLC (March 2018 - Present) and Senior Vice President, Voya Investments, LLC (April 2005 - Present). | ||||||||||||
Kimberly A. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 54 | Senior Vice President | January 2005 - Present | Senior Vice President, Voya Investments, LLC (September 2003 - Present). | ||||||||||||
Robert Terris 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 48 | Senior Vice President | May 2006 - Present | Senior Vice President, Voya Investments Distributor, LLC (April 2018 - Present); Senior Vice President, Head of Division Operations, Voya Investments, LLC (October 2015 - Present) and Voya Funds Services, LLC (March 2006 - Present). | ||||||||||||
Fred Bedoya 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 46 | Vice President and Treasurer | September 2012 - Present | Vice President, Voya Investments, LLC (October 2015 - Present) and Voya Funds Services, LLC (July 2012 - Present). |
170
DIRECTOR AND OFFICER INFORMATION (UNAUDITED) (CONTINUED)
Name, Address and Age | Position(s) Held with the Company | Term of Office and Length of Time Served(1) | Principal Occupation(s) - during the Past 5 Years | ||||||||||||
Maria M. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 60 | Vice President | January 2005 - Present | Vice President, Voya Investments, LLC (October 2015 - Present) and Voya Funds Services, LLC (September 2004 - Present). | ||||||||||||
Sara M. Donaldson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 59 | Vice President | September 2014 - Present | Vice President, Voya Investments, LLC (October 2015 - Present). Formerly, Vice President, Voya Funds Services, LLC (April 2014 - October 2015). Formerly, Director, Compliance, AXA Rosenberg Global Services, LLC (September 1997 - March 2014). | ||||||||||||
Micheline S. Faver 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 41 | Vice President | September 2016 - Present | Vice President, Head of Fund Compliance and Chief Compliance Officer, Voya Investments, LLC (June 2016 - Present). Formerly, Vice President, Mutual Fund Compliance (March 2014 - June 2016); Assistant Vice President, Mutual Fund Compliance (May 2013 - March 2014). | ||||||||||||
Robyn L. Ichilov 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 51 | Vice President | January 2005 - Present | Vice President, Voya Funds Services, LLC (November 1995 - Present) and Voya Investments, LLC (August 1997 - Present). | ||||||||||||
Jason Kadavy 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | Vice President | September 2012 - Present | Vice President, Voya Investments, LLC (October 2015 - Present) and Voya Funds Services, LLC (July 2007 - Present). | ||||||||||||
Andrew K. Schlueter 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | Vice President | March 2018 - Present | Vice President, Voya Investments Distributor, LLC (April 2018 - Present); Vice President, Voya Investments, LLC and Voya Funds Services, LLC (March 2018 - Present); Vice President, Head of Mutual Fund Operations, Voya Investment Management (February 2018 - Present). Formerly, Vice President, Voya Investment Management (March 2014 - February 2018); Assistant Vice President, Voya Investment Management (March 2011 - March 2014). | ||||||||||||
Kimberly K. Springer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | Vice President | March 2006 - Present | Vice President - Mutual Fund Product Development, Voya Investments, LLC (July 2012 - Present); Vice President, Voya Family of Funds (March 2010 - Present) and Vice President, Voya Funds Services, LLC (March 2006 - Present). | ||||||||||||
Craig Wheeler 7337 East Doubletree Ranch Rd. Suite 1000 Scottsdale, Arizona 85258 Age: 49 | Vice President | May 2013 - Present | Vice President - Director of Tax, Voya Investments, LLC (October 2015 - Present). Formerly, Vice President - Director of Tax, Voya Funds Services, LLC (March 2013 - October 2015). | ||||||||||||
Monia Piacenti One Orange Way Windsor, Connecticut 06095 Age: 42 | Anti-Money Laundering Officer | June 2018 - Present | Anti-Money Laundering Officer, Voya Investments Distributor, LLC, Voya Investment Management and Voya Investment Management Trust Co. (June 2018 - Present); Compliance Consultant, Voya Financial, Inc. (January 2019 - Present). Senior Compliance Officer, Voya Investment Management (December 2009 - December 2018). | ||||||||||||
Huey P. Falgout, Jr. 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 55 | Secretary | August 2003 - Present | Senior Vice President and Secretary of Voya Investments, LLC (December 2018 - Present) and Voya Funds Services, LLC (March 2010 - Present); Senior Vice President and Chief Counsel, Voya Investment Management - Mutual Fund Legal Department (March 2010 - Present). |
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Name, Address and Age | Position(s) Held with the Company | Term of Office and Length of Time Served(1) | Principal Occupation(s) - during the Past 5 Years | ||||||||||||
Paul A. Caldarelli 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 67 | Assistant Secretary | June 2010 - Present | Vice President and Senior Counsel, Voya Investment Management - Mutual Fund Legal Department (March 2010 - Present). | ||||||||||||
Theresa K. Kelety 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 56 | Assistant Secretary | August 2003 - Present | Vice President and Senior Counsel, Voya Investment Management - Mutual Fund Legal Department (March 2010 - Present). |
(1) The Officers hold office until the next annual meeting of the Board of Directors and until their successors shall have been elected and qualified.
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BOARD CONSIDERATION AND APPROVAL OF INVESTMENT MANAGEMENT CONTRACTS AND SUB-ADVISORY CONTRACTS
At a meeting held on November 16, 2018, the Board of Directors ("Board") of Voya Partners, Inc. (the "Company"), including a majority of the Independent Directors, considered and approved the renewal of the investment management contracts (the "Management Contracts") between Voya Investments, LLC (the "Manager") and the Company, on behalf of Voya Global Bond Portfolio, VY® American Century Small-Mid Cap Value Portfolio, VY® Baron Growth Portfolio, VY® Columbia Contrarian Core Portfolio, VY® Columbia Small Cap Value II Portfolio, VY® Invesco Comstock Portfolio, VY® Invesco Equity and Income Portfolio, VY® JPMorgan Mid Cap Value Portfolio, VY® Oppenheimer Global Portfolio, VY® Pioneer High Yield Portfolio, VY® T. Rowe Price Diversified Mid Cap Growth Portfolio, VY® T. Rowe Price Growth Equity Portfolio, and VY® Templeton Foreign Equity Portfolio, each a series of the Company (the "Portfolios"), and the sub-advisory contracts (the "Sub-Advisory Contracts") with the sub-adviser to each Portfolio (the "Sub-Advisers") for an additional one year period ending November 30, 2019. In determining to renew such contracts, the Board considered information furnished to it throughout the year at meetings of the Board and its committees, including information regarding performance, expenses, and other matters.
In addition to the Board meeting on November 16, 2018, the Independent Directors also held meetings outside the presence of personnel representing the Manager or Sub-Advisers (collectively, such persons are referred to herein as "management") on October 11, 2018, and November 14, 2018, specifically to review and consider materials related to the proposed continuance of each Management Contract and each Sub-Advisory Contract that they believed to be relevant to the renewal of the Management Contracts and Sub-Advisory Contracts in light of the legal advice furnished to them by K&L Gates LLP, their independent legal counsel, and their own business judgment. Subsequent references herein to factors considered and determinations made by the Independent Directors and/or the Board include, as applicable, factors considered and determinations made at those meetings by the Independent Directors. While the Board considered the renewal of the management contracts and sub-advisory contracts for all of the applicable investment companies in the Voya family of funds at the same meetings, the Board considered each Voya fund's investment management and sub-advisory relationships separately.
The Board follows a process pursuant to which it seeks and considers relevant information when it evaluates whether to renew existing investment management and sub-advisory contracts for the Voya funds. The Board has established a Contracts Committee and Investment Review Committees (the "IRCs"), each of which includes only Independent Directors as members. The Contracts Committee provides oversight with respect to the management and sub-advisory contracts approval and renewal process, among other functions, and each IRC provides oversight throughout the year regarding the investment performance of the sub-advisers, as well as the Manager's role in monitoring the sub-advisers, with respect to each Voya fund that is assigned to that IRC.
The Contracts Committee oversees, and annually recommends Board approval of updates to, a methodology guide for the Voya funds ("Methodology Guide"). The Methodology Guide sets out a framework pursuant to which the Independent Directors request, and management provides, certain information that the Independent Directors deem to be important or potentially relevant. The Independent Directors retain the services of an independent consultant with experience in the mutual fund industry to assist the Contracts Committee in developing and recommending to the Board: (1) a selected peer group of investment companies for each Portfolio ("Selected Peer Group") based on that Portfolio's particular attributes, such as fund type and size, fund category (as determined by Morningstar, Inc., an independent provider of mutual fund data ("Morningstar")), sales channels and structure, and the Portfolio share class being compared to the Selected Peer Group; and (2) updates to the Methodology Guide with respect to the content and format of various data including, but not limited to, investment performance, fee structure, and expense information prepared in connection with the renewal process.
Provided below is an overview of certain material factors that the Board considered at its meetings regarding the renewal of the Management Contracts and Sub-Advisory Contracts and the compensation to be paid thereunder. Board members did not identify any particular information or factor that was overarching, and each Board member may have accorded different weight to the various factors in reaching his or her conclusions with respect to each Portfolio's investment management and sub-advisory arrangements.
Nature, Extent and Quality of Services
The Manager oversees, subject to the authority of the Board, and is responsible for the provision of all investment advisory and portfolio management services for the Portfolios, but may delegate certain of these
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responsibilities to one or more sub-advisers. In addition, the Manager provides administrative services reasonably necessary for the operation of the Portfolios as set forth in the Management Contracts, including oversight of the Portfolios' operations and risk management and the oversight of their various other service providers.
The Board considered the "manager-of-managers" platform of the Voya funds that has been developed by the Manager pursuant to which the Manager selects, subject to the Board's approval, sub-advisers to provide day-to-day management services to all or a portion of each Voya fund. The Board recognized that the Manager is responsible for monitoring the investment program, performance, developments, ongoing operations, and regulatory compliance of the Sub-Advisers with respect to the Portfolios under this manager-of-managers arrangement. The Board also considered the techniques and resources that the Manager has developed to provide this ongoing oversight and due diligence with respect to the sub-advisers and to advocate or recommend, when it believes appropriate, changes in investment strategies or investment sub-advisers designed to assist in improving a Voya fund's performance. The Board was advised that, in connection with the Manager's performance of these duties, the Manager has developed an oversight process formulated by its Manager Research & Selection Group which reviews, among other matters, performance data, each Sub-Adviser's management team, portfolio data and attribution analysis related to each Sub-Adviser through various means, including, but not limited to, in-person meetings, on-site visits, and telephonic meetings with the Sub-Adviser.
Further, the Board considered periodic compliance reports it receives from the Company's Chief Compliance Officer evaluating whether the regulatory compliance systems and procedures of the Manager and the Sub-Advisers are reasonably designed to ensure compliance with the federal securities laws and whether the investment policies and restrictions for each Portfolio are consistently complied with, and other periodic reports covering related matters.
The Board considered the portfolio management team assigned by the Sub-Advisers to the Portfolios and the level of resources committed to the Portfolios (and other relevant funds in the Voya funds) by the Manager and the Sub-Advisers, and whether those resources are sufficient to provide high-quality services to the Portfolios.
Based on their deliberations and the materials presented to them, the Board concluded that the nature, extent and quality of the overall services provided by the Manager
and each Sub-Adviser under the Management Contracts and respective Sub-Advisory Contracts were appropriate.
Portfolio Performance
In assessing the investment management and sub-advisory relationships, the Board placed emphasis on the investment returns of each Portfolio, including its investment performance over certain time periods compared to the Portfolio's Morningstar category and primary benchmark, a broad-based securities market index that appears in the Portfolio's prospectus. In addition, the Board considered Voya Global Bond Portfolio's investment performance compared to an additional performance peer group that is approved by the Portfolio's IRC due to the unique investment structure or strategy of each Portfolio. The Board also considered information from the Manager Research & Selection Group and received reports summarizing a separate analysis of each Portfolio's performance and risk, including risk-adjusted investment return information, from the Company's Chief Investment Risk Officer
Economies of Scale
When evaluating the reasonableness of the management fee schedules, the Board considered whether economies of scale have been or likely will be realized by the Manager and the Sub-Advisers as a Portfolio grows larger and the extent to which any such economies are shared with the Portfolio. In this regard, the Board noted any breakpoints in management fee schedules that will result in a lower management fee rate when a Portfolio achieves sufficient asset levels to receive a breakpoint discount. The Board also considered that, while some of the Portfolios do not have management fee breakpoints, they may have fee waiver and expense reimbursement arrangements. The Board considered the extent to which economies of scale realized by the Manager and the Sub-Advisers could be shared with each Portfolio through such fee waivers, expense reimbursements or other expense reductions. In evaluating these matters, the Independent Directors also considered periodic management reports, Selected Peer Group comparisons, and industry information regarding economies of scale. In the case of sub-advisory fees, the Board considered that breakpoints, if any, would inure to the benefit of the Manager.
Information Regarding Services to Other Clients
The Board considered comparative information regarding the nature of services, performance, and fee schedules offered by the Manager and the Sub-Advisers to other clients with similar investment objectives, if applicable, including other registered investment companies and relevant institutional accounts. When the fee schedules
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offered to or the performance of such other clients differed materially from a Portfolio, the Board took into account the underlying rationale provided by the Manager or the Sub-Advisers, as applicable, for these differences. For the non-Voya-affiliated Sub-Advisers, the Board viewed the information related to any material differences in the fee schedules as not being a key factor in its deliberations because of the arm's-length nature of negotiations between the Manager and non-Voya-affiliated Sub-Advisers with respect to sub-advisory fee schedules.
Fee Schedules, Profitability, and Fall-out Benefits
The Board reviewed and considered the contractual management fee schedule and net management fee rate payable by each Portfolio to the Manager compared to the Portfolio's Selected Peer Group. In addition, the Board considered VY® Baron Growth Portfolio's contractual management fee schedule compared to other funds its Sub-Adviser manages identified by the Manager. The Board also considered the compensation payable by the Manager to each Sub-Adviser for sub-advisory services for each Portfolio, including the portion of the contractual and net management fee rates that are paid to each Sub-Adviser, as compared to the compensation paid to the Manager. In addition, the Board considered any fee waivers, expense limitations, and/or recoupment arrangements that apply to the fees payable by the Portfolios, including whether the Manager intends to propose any changes thereto. For each Portfolio, the Board separately determined that the fees payable to the Manager and the fee schedule payable to each Sub-Adviser are reasonable for the services that each performs, which were considered in light of the nature, extent and quality of the services that each has performed and is expected to perform.
For each Portfolio, the Board considered information on revenues, costs and profits or losses realized by the Manager and the Voya-affiliated Sub-Adviser. In analyzing the profitability of the Manager and its affiliated service providers in connection with services they render to a Portfolio, the Board took into account the sub-advisory fee rate payable by the Manager to each Sub-Adviser. The Board also considered the profitability of the Manager and its affiliated Sub-Adviser attributable to servicing each Portfolio both with and without taking into account the profitability of the distributor of the Portfolios and any revenue sharing payments made by the Manager and both before and after giving effect to any expenses incurred by the Manager or the affiliated Sub-Adviser in making payments to affiliated insurance companies. The Board did not request profitability data from the Sub-Advisers that are not affiliated with the
Manager because the Board did not view this data as being a key factor to its deliberations given the arm's-length nature of the relationship between the Manager and these non-Voya-affiliated Sub-Advisers with respect to the negotiation of sub-advisory fee schedules. In addition, the Board noted that non-Voya-affiliated sub-advisers may not account for their profits on an account-by-account basis and those that do typically employ different methodologies in connection with these calculations.
Although the Methodology Guide establishes a framework for profit calculation, the Board recognized that there is no uniform methodology within the asset management industry for determining profitability for this purpose. The Board also recognized that the use of different reasonable methodologies can give rise to dramatically different reported profit and loss results with respect to the Manager and the Voya-affiliated Sub-Adviser, as well as other industry participants with whom the profits of the Manager and its affiliated Sub-Adviser could be compared. In addition, the Board recognized that management's calculations regarding its costs incurred in establishing the infrastructure necessary for the Portfolios' operations may not be fully reflected in the expenses allocated to each Portfolio in determining profitability, and that the information presented may not portray all of the costs borne by the Manager or reflect all risks, including entrepreneurial, regulatory, legal and operational risks, associated with offering and managing a mutual fund complex in the current regulatory and market environment.
The Board also considered that the Manager is entitled to earn a reasonable level of profits for the services that it provides to the Portfolios. The Board also considered information regarding the potential fall-out benefits to the Manager and Sub-Advisers and their respective affiliates from their association with the Portfolios, including their ability to engage in soft-dollar transactions on behalf of the Portfolios. Following its reviews, the Board determined that the Manager's and the Voya-affiliated Sub-Adviser's profitability with respect to their services to the Portfolios and the Manager and Sub-Advisers' potential fall-out benefits were not unreasonable.
Portfolio-by-Portfolio Analysis
Set forth below are certain of the specific factors that the Board considered, and the conclusions reached, at its October 11, 2018, November 14, 2018, and/or November 16, 2018 meetings in relation to approving each Portfolio's Management and Sub-Advisory Contracts. These specific factors are in addition to those considerations discussed above. In each case, the Portfolio's performance was compared to its Morningstar
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category, as well as its primary benchmark. With respect to Morningstar quintile rankings, the first quintile represents the highest (best) performance and the fifth quintile represents the lowest (worst) performance. The performance data provided to the Board primarily was for various periods ended March 31, 2018. In addition, the Board also considered at its October 11, 2018, November 14, 2018, and November 16, 2018, meetings certain additional data regarding each Portfolio's most recent performance, asset levels, and asset flows. Each Portfolio's management fee rate and expense ratio were compared to the management fee rates and expense ratios of the funds in its Selected Peer Group.
Voya Global Bond Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for Voya Global Bond Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first (highest) quintile of its Morningstar category for the three-year period, and the second quintile for the year-to-date, one-year, five-year, and ten-year periods; and (2) the Portfolio outperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a breakpoint fee schedule where the asset level necessary to achieve a breakpoint discount had not been reached by the Portfolio; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is equal to the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is below the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions
and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® American Century Small-Mid Cap Value Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® American Century Small-Mid Cap Value Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first (highest) quintile of its Morningstar category for the three-year, five-year and ten-year periods, the second quintile for the year-to-date period, and the fourth quintile for the one-year period; and (2) the Portfolio outperformed its primary benchmark for all periods presented, with the exception of the one-year period, during which it underperformed.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the economies of scale benefits to the Portfolio and its shareholders from breakpoint discounts applicable to the Portfolio's management fee rate, which results in lower fees at higher asset levels; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is above the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account Management's representations regarding the competitiveness of the Portfolio's management fee rate and net expense ratio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the
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Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Baron Growth Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Baron Growth Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the second quintile of its Morningstar category for the year-to-date and ten-year periods, the third quintile for the one-year and three-year periods, and the fourth quintile for the five-year period; and (2) the Portfolio underperformed its primary benchmark for all periods presented, with the exception of the year-to-date and one-year periods, during which it outperformed. In analyzing this performance data, the Board took into account: (1) management's representations regarding the Portfolio's favorable performance during certain periods; (2) management's discussion regarding the differences between the investment exposure of the Portfolio and the Morningstar category funds; and (3) management's confidence in the Sub-Adviser's ability to execute the Portfolio's investment strategy.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) fairness of the compensation under a Management Contract with a breakpoint fee schedule where the asset level necessary to achieve a breakpoint discount had not been reached by the Portfolio; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is above the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account management's representations regarding the competitiveness of the Portfolio's management fee rate and net expense ratio when compared to peers identified by management.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board;
(3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Columbia Contrarian Core Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Columbia Contrarian Core Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the second quintile of its Morningstar category for the five-year period, the third quintile for the three-year period, the fourth quintile for the one-year and ten-year periods, and the fifth (lowest) quintile for the year-to-date period; and (2) the Portfolio underperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a breakpoint fee schedule where the asset level necessary to achieve a breakpoint discount had not been reached by the Portfolio; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the
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Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Columbia Small Cap Value II Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Columbia Small Cap Value II Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the second quintile of its Morningstar category for the one-year, three-year and five-year periods, and the third quintile for the year-to-date and ten-year periods; and (2) the Portfolio outperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a level fee rate that does not include breakpoints; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account management's representations regarding the competitiveness of the Portfolio's net expense ratio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Invesco Comstock Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Invesco Comstock Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first (highest) quintile of its Morningstar category for the one-year period, the second quintile for the three-year, five-year and ten-year periods, and the third quintile for the year-to-date period; and (2) the Portfolio outperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a level fee rate that does not include breakpoints; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is equal to the median contractual management fee of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is equal to the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account management's representations regarding the competiveness of the Portfolio's management fee and net expense ratio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Invesco Equity and Income Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Invesco Equity and Income Portfolio, the Board
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considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first (highest) quintile of its Morningstar category for the three-year, five-year and ten-year periods, the fourth quintile for the one-year period, and the fifth (lowest) quintile for the year-to-date period; and (2) the Portfolio underperformed its primary benchmark for all periods presented, with the exception of the year-to-date period, during which it outperformed.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the economies of scale benefits to the Portfolio and its shareholders from breakpoint discounts applicable to the Portfolio's management fee rate, which result in lower fees at higher asset levels; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is below the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® JPMorgan Mid Cap Value Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® JPMorgan Mid Cap Value Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the second quintile of its Morningstar category for the ten-year period, the third quintile for the three-year and five-year periods, and the fourth quintile for the year-to-date and
one-year periods; and (2) the Portfolio outperformed its primary benchmark for all periods presented, with the exception of the three-year and five-year periods, during which it underperformed. In analyzing this performance data, the Board took into account management's: (1) discussion regarding the manner in which the composition of the Portfolio's Morningstar category affects the Portfolio's performance relative to its Morningstar peer group; (2) representations regarding the reasonableness of the Portfolio's performance during certain periods; and (3) confidence in the ability of the Sub-Adviser to execute the Portfolio's investment strategy.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the economies of scale benefits to the Portfolio and its shareholders from breakpoint discounts applicable to the Portfolio's management fee rate, which result in lower fees at higher asset levels; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is equal to the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account management's representations regarding the competitiveness of the Portfolio's management fee rate and net expense ratio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
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ADVISORY AND SUB-ADVISORY CONTRACT APPROVAL DISCUSSION (UNAUDITED) (CONTINUED)
VY® Oppenheimer Global Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Oppenheimer Global Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first (highest) quintile of its Morningstar category for the one-year, three-year, five-year and ten-year periods, and the second quintile for the year-to-date period; and (2) the Portfolio outperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a breakpoint fee schedule where the asset level necessary to achieve a breakpoint discount had not been reached by the Portfolio; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is below the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is below the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Pioneer High Yield Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Pioneer High Yield Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first
(highest) quintile of its Morningstar category for the ten-year period, the second quintile for the one-year and five-year periods, and the third quintile for the year-to-date and three-year periods; and (2) the Portfolio outperformed its primary benchmark for the year-to-date and ten-year periods, underperformed for the three-year and five-year periods, and its performance was equal to the performance of its primary benchmark for the one-year period.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a breakpoint fee schedule where the asset level necessary to achieve a breakpoint discount had not been reached by the Portfolio; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is below the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account that, at the November 16, 2018 meeting, management proposed and the Board approved a reorganization for the Portfolio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® T. Rowe Price Diversified Mid Cap Growth Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® T. Rowe Price Diversified Mid Cap Growth Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is
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ADVISORY AND SUB-ADVISORY CONTRACT APPROVAL DISCUSSION (UNAUDITED) (CONTINUED)
ranked in the first (highest) quintile of its Morningstar category for the five-year and ten-year periods, the second quintile for the three-year period, and the third quintile for the year-to-date and one-year periods; and (2) the Portfolio outperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a level fee rate that does not include breakpoints; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is below the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is below the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is below the median net expense ratio of the funds in its Selected Peer Group.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions,
VY® T. Rowe Price Growth Equity Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® T. Rowe Price Growth Equity Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the first (highest) quintile of its Morningstar category for the three-year, five-year and ten-year periods, and the second quintile for the year-to-date and one-year periods; and (2) the Portfolio outperformed its primary benchmark for all periods presented.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the fairness of the compensation under a Management Contract with a level fee rate that does not include breakpoints; (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer Group; and (c) the net expense ratio for the Portfolio is above the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account management's representations regarding: (1) changes made to the sub-advisory fee for the Portfolio, which became effective on January 1, 2018; and (2) the competitiveness of the Portfolio's management fee rate and net expense ratio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
VY® Templeton Foreign Equity Portfolio
In considering whether to approve the renewal of the Management and Sub-Advisory Contracts for VY® Templeton Foreign Equity Portfolio, the Board considered that, based on performance data for the periods ended March 31, 2018: (1) the Portfolio is ranked in the second quintile of its Morningstar category for the ten-year period, the third quintile for the year-to-date and five-year periods, and the fourth quintile for the one-year and three-year periods; and (2) the Portfolio underperformed its primary benchmark for all periods presented, with the exception of the ten-year period, during which it outperformed. In analyzing this performance data, the Board took into account: (1) management's representations regarding the impact
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ADVISORY AND SUB-ADVISORY CONTRACT APPROVAL DISCUSSION (UNAUDITED) (CONTINUED)
of security selection and sector allocation on the Portfolio's performance; (2) management's representations regarding the competitiveness of the Portfolio's performance during certain periods; and (3) management's representations that it was evaluating options for the Portfolio and intended to make a proposal for the Portfolio.
In considering the fees payable under the Management and Sub-Advisory Contracts for the Portfolio, the Board took into account the factors described above and also considered: (1) the economies of scale benefits to the Portfolio and its shareholders from breakpoint discounts applicable to the Portfolio's management fee rate, which result in lower fees at higher assets levels; and (2) the pricing structure (including the net expense ratio to be borne by shareholders) of the Portfolio, as compared to its Selected Peer Group, including that: (a) the net management fee rate for the Portfolio is above the median net management fee rate of the funds in its Selected Peer Group; (b) the contractual management fee rate for the Portfolio is above the median contractual management fee rate of the funds in its Selected Peer
Group; and (c) the net expense ratio for the Portfolio is above the median net expense ratio of the funds in its Selected Peer Group. In analyzing this fee data, the Board took into account management's representations regarding the competitiveness of the Portfolio's management fee rate and net expense ratio.
After its deliberation, the Board reached the following conclusions: (1) the Portfolio's management fee rate is reasonable in the context of all factors considered by the Board; (2) the Portfolio's net expense ratio is reasonable in the context of all factors considered by the Board; (3) the Portfolio's performance is reasonable in the context of all factors considered by the Board; and (4) the sub-advisory fee rate payable by the Manager to the Sub-Adviser is reasonable in the context of all factors considered by the Board. Based on these conclusions and other factors, the Board voted to renew the Management and Sub-Advisory Contracts for the Portfolio for the year ending November 30, 2019. During this renewal process, different Board members may have given different weight to different individual factors and related conclusions.
182
Investment Adviser
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Distributor
Voya Investments Distributor, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Transfer Agent
BNY Mellon Investment Servicing (U.S.) Inc.
301 Bellevue Parkway
Wilmington, Delaware 19809
Independent Registered Public Accounting Firm
KPMG LLP
Two Financial Center
60 South Street
Boston, Massachusetts 02111
Custodian
The Bank of New York Mellon
225 Liberty Street
New York, New York 10286
Legal Counsel
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
Before investing, carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract or variable life insurance policy and the underlying variable investment options. This and other information is contained in the prospectus for the variable annuity contract or variable life insurance policy and the underlying variable investment options. Obtain these prospectuses from your agent/registered representative and read them carefully before investing.
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| | Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of each Portfolio's annual and semi-annual shareholder reports, like this annual report, will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report. | | |
| | If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from your insurance carrier electronically by contacting them directly. | | |
| | You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions provided to elect to continue receiving paper copies of your shareholder reports. You can inform us that you wish to continue receiving paper copies by calling 1-800-283-3427. Your election to receive reports in paper will apply to all the funds in which you invest. | | |
| | This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the funds’ investment objectives, risks, charges, expenses and other information. This information should be read carefully. | | |
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President
Voya Family of Funds
December 31, 2018
| | Index | | | | Description | | |
| | Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index | | | | An index that includes all fixed-income securities having a maximum quality rating of Ba1, a minimum amount outstanding of $150 million, and at least one year to maturity. | | |
| | Bloomberg Barclays U.S. Aggregate Bond Index | | | | An index of publicly issued investment grade U.S. government, mortgage-backed, asset-backed and corporate debt securities. | | |
| | Bloomberg Barclays U.S. Corporate Investment Grade Bond Index | | | | An index consisting of publicly issued, fixed rate, nonconvertible, investment grade debt securities. | | |
| | Bloomberg Barclays Short Treasury Index | | | | The index measures the performance of U.S. Treasury securities that have a remaining maturity between one and twelve months. | | |
| | MSCI Europe, Australasia and Far East® (“MSCI EAFE”) Index | | | | An index that measures the performance of securities listed on exchanges in Europe, Australasia and the Far East. It includes the reinvestment of dividends net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of investing. | | |
| | MSCI Europe ex UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe, excluding the UK. | | |
| | MSCI Japan® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | | |
| | MSCI UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | | |
| | MSCI World IndexSM | | | | An index that measures the performance of over 1,600 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | | |
| | Russell 3000® Index | | | | An index that measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. | | |
| | S&P 500® Index | | | | An index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. | | |
| | S&P Target Date Retirement Income Index | | | | Seeks to represent asset allocations which target an immediate retirement horizon. | | |
| | S&P Target Risk Aggressive Index | | | | Seeks to emphasize exposure to equity securities, maximizing opportunities for long-term capital accumulation. It may include small allocations in fixed-income securities to enhance portfolio efficiency. | | |
| | S&P Target Risk Conservative Index | | | | Seeks to emphasize exposure to fixed income securities in order to produce a current income stream and avoid excessive volatility of returns. Equity securities are included to protect long-term purchasing power. | | |
| | S&P Target Risk Growth Index | | | | Seeks to measure the performance of an asset allocation strategy targeted to a growth focused risk profile. | | |
| | S&P Target Risk Moderate Index | | | | Seeks to measure the performance of an asset allocation strategy targeted to a moderate risk profile. | | |
| | S&P Target Date 2020 Index, S&P Target Date 2025 Index, S&P Target Date 2030 Index, S&P Target Date 2035 Index, S&P Target Date 2040 Index, S&P Target Date 2045 Index, S&P Target Date 2050 Index, S&P Target Date 2055 Index and S&P Target Date 2060+ Index | | | | Each index seeks to represent the market consensus for asset allocations which target an approximate 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 and beyond the 2060 retirement horizon, respectively. | | |
Voya Solution Portfolio | Portfolio Managers’ Report |
Portfolio Managers’ Report | Voya Solution Portfolio |
Voya Solution Portfolio | Portfolio Managers’ Report |
| | Sub Asset Class | | | 2060 | | | 2055 | | | 2050 | | | 2045 | | | 2040 | | | 2035 | | | 2030 | | | 2025 | | | 2020 | | | Income | | | ||||||||||||||||||||||||||||||
| | US Large Blend | | | | | 18.50% | | | | | | 18.50% | | | | | | 18.50% | | | | | | 18.00% | | | | | | 18.55% | | | | | | 18.05% | | | | | | 16.00% | | | | | | 14.00% | | | | | | 14.00% | | | | | | 11.50% | | | |
| | US Large Growth | | | | | 15.00% | | | | | | 15.00% | | | | | | 15.00% | | | | | | 15.00% | | | | | | 13.00% | | | | | | 12.50% | | | | | | 11.00% | | | | | | 9.00% | | | | | | 6.00% | | | | | | 4.00% | | | |
| | US Large Value | | | | | 15.00% | | | | | | 15.00% | | | | | | 15.00% | | | | | | 15.00% | | | | | | 13.00% | | | | | | 12.50% | | | | | | 11.00% | | | | | | 9.00% | | | | | | 6.00% | | | | | | 4.00% | | | |
| | US Mid Cap Blend | | | | | 6.00% | | | | | | 6.00% | | | | | | 6.00% | | | | | | 6.00% | | | | | | 5.00% | | | | | | 4.00% | | | | | | 3.00% | | | | | | 2.50% | | | | | | 1.00% | | | | | | 1.00% | | | |
| | US Small Cap | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 1.00% | | | | | | 0.00% | | | |
| | International | | | | | 24.00% | | | | | | 24.00% | | | | | | 24.00% | | | | | | 23.00% | | | | | | 22.00% | | | | | | 20.00% | | | | | | 18.00% | | | | | | 13.00% | | | | | | 10.00% | | | | | | 6.00% | | | |
| | Emerging Markets | | | | | 7.50% | | | | | | 7.50% | | | | | | 7.50% | | | | | | 7.00% | | | | | | 6.50% | | | | | | 6.00% | | | | | | 5.00% | | | | | | 4.00% | | | | | | 2.50% | | | | | | 2.00% | | | |
| | US Real Estate | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | |
| | Global Real Estate | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | | |
| | Commodities | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | |
| | Core Fixed Income | | | | | 5.00% | | | | | | 5.00% | | | | | | 5.00% | | | | | | 5.25% | | | | | | 8.95% | | | | | | 13.95% | | | | | | 23.00% | | | | | | 26.75% | | | | | | 32.75% | | | | | | 40.00% | | | |
| | Senior Debt | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 1.75% | | | | | | 3.00% | | | | | | 4.00% | | | | | | 4.00% | | | | | | 5.00% | | | | | | 5.00% | | | | | | 5.00% | | | |
| | International Bonds | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | |
| | TIPS | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 2.00% | | | | | | 5.00% | | | | | | 7.00% | | | |
| | Short Duration | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 5.25% | | | | | | 9.25% | | | | | | 12.00% | | | |
| | Long Govt Bonds | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | |
| | Total Equity | | | | | 92.00% | | | | | | 92.00% | | | | | | 92.00% | | | | | | 90.00% | | | | | | 84.05% | | | | | | 78.05% | | | | | | 69.00% | | | | | | 56.00% | | | | | | 43.00% | | | | | | 31.00% | | | |
| | Total Fixed Income | | | | | 8.00% | | | | | | 8.00% | | | | | | 8.00% | | | | | | 10.00% | | | | | | 15.95% | | | | | | 21.95% | | | | | | 31.00% | | | | | | 44.00% | | | | | | 57.00% | | | | | | 69.00% | | | |
| | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | | | | 100.00% | | | |
| | Sub Asset Class | | | Aggressive | | | Balanced | | | Conservative | | | Moderately Aggressive | | | Moderately Conservative | | | |||||||||||||||
| | US Large Blend | | | | | 17.5% | | | | | | 17.05% | | | | | | 15.5% | | | | | | 12.0% | | | | | | 7.5% | | | |
| | US Large Growth | | | | | 13.0% | | | | | | 10.0% | | | | | | 8.5% | | | | | | 3.25% | | | | | | 2.5% | | | |
| | US Large Value | | | | | 13.0% | | | | | | 15.5% | | | | | | 13.0% | | | | | | 7.25% | | | | | | 3.5% | | | |
| | US Mid Cap Blend | | | | | 14.0% | | | | | | 8.0% | | | | | | 4.0% | | | | | | 2.0% | | | | | | 2.0% | | | |
| | US Small Cap | | | | | 7.0% | | | | | | 6.0% | | | | | | 4.0% | | | | | | 2.0% | | | | | | — | | | |
| | International | | | | | 20.0% | | | | | | 16.0% | | | | | | 10.5% | | | | | | 7.0% | | | | | | 3.0% | | | |
| | Emerging Markets | | | | | 7.0% | | | | | | 6.0% | | | | | | 4.0% | | | | | | 3.5% | | | | | | 1.5% | | | |
| | US Real Estate | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | Global Real Estate | | | | | 1.0% | | | | | | 1.0% | | | | | | 1.0% | | | | | | 1.0% | | | | | | — | | | |
| | Commodities | | | | | 1.5% | | | | | | 1.5% | | | | | | 1.5% | | | | | | 2.0% | | | | | | 2.0% | | | |
| | Core Fixed Income | | | | | 3.0% | | | | | | 9.95% | | | | | | 26.0% | | | | | | 33.0% | | | | | | 36.5% | | | |
| | Senior Debt | | | | | — | | | | | | 5.0% | | | | | | 5.0% | | | | | | 7.0% | | | | | | 7.0% | | | |
| | International Bonds | | | | | — | | | | | | — | | | | | | — | | | | | | 2.0% | | | | | | 3.0% | | | |
| | TIPS | | | | | — | | | | | | — | | | | | | — | | | | | | 4.0% | | | | | | 5.0% | | | |
| | Short Duration | | | | | 1.0% | | | | | | 2.0% | | | | | | 5.0% | | | | | | 12.0% | | | | | | 24.5% | | | |
| | Long Govt Bonds | | | | | 2.0% | | | | | | 2.0% | | | | | | 2.0% | | | | | | 2.0% | | | | | | 2.0% | | | |
| | Total Equity | | | | | 94.0% | | | | | | 81.05% | | | | | | 62.0% | | | | | | 40.0% | | | | | | 22.0% | | | |
| | Total Fixed Income | | | | | 6.0% | | | | | | 18.95% | | | | | | 38.0% | | | | | | 60.0% | | | | | | 78.0% | | | |
| | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | |
Portfolio Managers’ Report | Voya Solution Portfolio |
| | Total Returns for the Period Ended December 31, 2018 | | | |||
| | | | | 1 Year | | |
| | Voya Solution Aggressive Portfolio, Class S | | | -10.91 | | |
| | S&P Target Risk Aggressive® Index | | | -7.42 | | |
| | Voya Solution Balanced Portfolio, Class S | | | -6.70 | | |
| | S&P Target Risk® Growth Index | | | -5.46 | | |
| | Voya Solution Conservative Portfolio, Class S | | | -2.14 | | |
| | S&P Target Risk® Conservative Index | | | -2.48 | | |
| | Voya Solution Income Portfolio, Class S | | | -3.14 | | |
| | S&P Target Date Retirement Income Index | | | -2.54 | | |
| | Russell 3000® Index | | | -5.24 | | |
| | MSCI EAFE® Index | | | -13.79 | | |
| | Bloomberg Barclays U.S. Aggregate Bond (“BCAB”) Index | | | 0.01 | | |
| | Voya Solution Moderately Aggressive Portfolio, Class S | | | -9.20 | | |
| | S&P Target Risk Aggressive® Index | | | -7.42 | | |
| | Voya Solution Moderately Conservative Portfolio, Class S | | | -4.35 | | |
| | S&P Target Risk® Moderate Index | | | -3.48 | | |
| | Voya Solution 2020 Portfolio, Class S | | | -4.27 | | |
| | S&P Target Date 2020 Index | | | -4.16 | | |
| | Voya Solution 2025 Portfolio, Class S | | | -5.73 | | |
| | S&P Target Date 2025 Index | | | -5.02 | | |
| | Russell 3000® Index | | | -5.24 | | |
| | MSCI EAFE® Index | | | -13.79 | | |
| | BCAB Index | | | 0.01 | | |
| | Voya Solution 2030 Portfolio, Class S | | | -7.23 | | |
| | S&P Target Date 2030 Index | | | -5.99 | | |
| | Voya Solution 2035 Portfolio, Class S | | | -8.34 | | |
| | S&P Target Date 2035 Index | | | -6.88 | | |
| | Russell 3000® Index | | | -5.24 | | |
| | MSCI EAFE® Index | | | -13.79 | | |
| | BCAB Index | | | 0.01 | | |
| | Voya Solution 2040 Portfolio, Class S | | | -9.13 | | |
| | S&P Target Date 2040 Index | | | -7.41 | | |
| | Voya Solution 2045 Portfolio, Class S | | | -10.23 | | |
| | S&P Target Date 2045 Index | | | -7.74 | | |
| | Russell 3000® Index | | | -5.24 | | |
| | MSCI EAFE® Index | | | -13.79 | | |
| | BCAB Index | | | 0.01 | | |
| | Voya Solution 2050 Portfolio, Class S | | | -10.61 | | |
| | S&P Target Date 2050 Index | | | -7.94 | | |
| | Voya Solution 2055 Portfolio, Class S | | | -10.56 | | |
| | S&P Target Date 2055 Index | | | -7.97 | | |
| | Voya Solution 2060 Portfolio, Class S | | | -10.60 | | |
| | S&P Target Date 2060+ Index | | | -7.95 | | |
| | | | | | | |
Voya Solution Aggressive Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 May 1, 2013 | | | Since Inception of Class R6 May 2, 2016 | | | ||||||||||||
| | Class ADV | | | | | -11.18% | | | | | | 3.79% | | | | | | 6.00% | | | | | | — | | | |
| | Class I | | | | | -10.72% | | | | | | 4.29% | | | | | | 6.61% | | | | | | — | | | |
| | Class R6(1) | | | | | -10.72% | | | | | | 4.29% | | | | | | — | | | | | | 6.61% | | | |
| | Class S | | | | | -10.91% | | | | | | 4.03% | | | | | | 6.34% | | | | | | — | | | |
| | Class S2 | | | | | -11.08% | | | | | | 3.86% | | | | | | 6.08% | | | | | | — | | | |
| | S&P Target Risk Aggressive® Index | | | | | -7.42% | | | | | | 4.95% | | | | | | 6.65% | | | | | | 6.65% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution Balanced Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 April 30, 2010 | | | ||||||||||||
| | Class ADV | | | | | -6.98% | | | | | | 3.54% | | | | | | 7.73% | | | | | | — | | | |
| | Class I | | | | | -6.38% | | | | | | 4.08% | | | | | | 8.32% | | | | | | — | | | |
| | Class R6(1) | | | | | -6.38% | | | | | | 4.08% | | | | | | 8.32% | | | | | | — | | | |
| | Class S | | | | | -6.70% | | | | | | 3.80% | | | | | | 8.05% | | | | | | — | | | |
| | Class S2 | | | | | -6.89% | | | | | | 3.64% | | | | | | — | | | | | | 5.85% | | | |
| | S&P Target Risk® Growth Index | | | | | -5.46% | | | | | | 4.47% | | | | | | 8.14% | | | | | | 6.71% | | | |
| | | | |
Voya Solution Conservative Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 April 30, 2010 | | | Since Inception of Class R6 May 2, 2016 | | | ||||||||||||
| | Class ADV | | | | | -2.39% | | | | | | 2.71% | | | | | | 3.92% | | | | | | — | | | |
| | Class I | | | | | -1.94% | | | | | | 3.19% | | | | | | 4.43% | | | | | | — | | | |
| | Class R6(1) | | | | | -1.94% | | | | | | 3.19% | | | | | | — | | | | | | 4.43% | | | |
| | Class S | | | | | -2.14% | | | | | | 2.96% | | | | | | 4.18% | | | | | | — | | | |
| | Class S2 | | | | | -2.34% | | | | | | 2.81% | | | | | | 4.02% | | | | | | — | | | |
| | S&P Target Risk® Conservative Index | | | | | -2.48% | | | | | | 3.19% | | | | | | 4.44% | | | | | | 4.44% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution Income Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -3.35% | | | | | | 2.96% | | | | | | 5.64% | | | | | | — | | | |
| | Class I | | | | | -2.80% | | | | | | 3.48% | | | | | | 6.18% | | | | | | — | | | |
| | Class S | | | | | -3.14% | | | | | | 3.23% | | | | | | 5.90% | | | | | | — | | | |
| | Class S2 | | | | | -3.21% | | | | | | 3.06% | | | | | | — | | | | | | 5.64% | | | |
| | Class T | | | | | -3.45% | | | | | | 2.77% | | | | | | 5.54% | | | | | | — | | | |
| | S&P Target Date Retirement Income Index | | | | | -2.54% | | | | | | 3.06% | | | | | | 5.31% | | | | | | 5.53% | | | |
| | Russell 3000® Index | | | | | -5.24% | | | | | | 7.91% | | | | | | 13.18% | | | | | | 13.50% | | | |
| | MSCI EAFE® Index | | | | | -13.79% | | | | | | 0.53% | | | | | | 6.32% | | | | | | 5.89% | | | |
| | BCAB Index | | | | | 0.01% | | | | | | 2.52% | | | | | | 3.48% | | | | | | 3.59% | | | |
| | | | |
Voya Solution Moderately Aggressive Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 April 30, 2010 | | | Since Inception of Class R6 May 2, 2016 | | | ||||||||||||
| | Class ADV | | | | | -9.44% | | | | | | 3.43% | | | | | | 6.25% | | | | | | — | | | |
| | Class I | | | | | -9.02% | | | | | | 3.93% | | | | | | 6.79% | | | | | | — | | | |
| | Class R6(1) | | | | | -8.94% | | | | | | 3.93% | | | | | | — | | | | | | 6.79% | | | |
| | Class S | | | | | -9.20% | | | | | | 3.68% | | | | | | 6.53% | | | | | | — | | | |
| | Class S2 | | | | | -9.31% | | | | | | 3.54% | | | | | | 6.38% | | | | | | — | | | |
| | S&P Target Risk Aggressive® Index | | | | | -7.42% | | | | | | 4.95% | | | | | | 8.04% | | | | | | 8.04% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution Moderately Conservative Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 April 30, 2010 | | | ||||||||||||
| | Class ADV | | | | | -4.52% | | | | | | 3.03% | | | | | | 6.38% | | | | | | — | | | |
| | Class I | | | | | -4.04% | | | | | | 3.56% | | | | | | 7.00% | | | | | | — | | | |
| | Class R6(1) | | | | | -4.05% | | | | | | 3.53% | | | | | | 6.98% | | | | | | — | | | |
| | Class S | | | | | -4.35% | | | | | | 3.29% | | | | | | 6.72% | | | | | | — | | | |
| | Class S2 | | | | | -4.46% | | | | | | 3.15% | | | | | | — | | | | | | 4.83% | | | |
| | S&P Target Risk® Moderate Index | | | | | -3.48% | | | | | | 3.57% | | | | | | 6.19% | | | | | | 5.19% | | | |
| | | | |
Voya Solution 2020 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, S2 and T October 3, 2011 | | | |||||||||
| | Class ADV | | | | | -4.50% | | | | | | 3.85% | | | | | | 7.20% | | | |
| | Class I | | | | | -4.02% | | | | | | 4.35% | | | | | | 7.75% | | | |
| | Class S | | | | | -4.27% | | | | | | 4.10% | | | | | | 7.47% | | | |
| | Class S2 | | | | | -4.37% | | | | | | 3.94% | | | | | | 7.33% | | | |
| | Class T | | | | | -4.71% | | | | | | 3.64% | | | | | | 7.05% | | | |
| | S&P Target Date 2020 Index | | | | | -4.16% | | | | | | 4.10% | | | | | | 7.67% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution 2025 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -5.97% | | | | | | 3.68% | | | | | | 8.04% | | | | | | — | | | |
| | Class I | | | | | -5.48% | | | | | | 4.22% | | | | | | 8.59% | | | | | | — | | | |
| | Class S | | | | | -5.73% | | | | | | 3.95% | | | | | | 8.31% | | | | | | — | | | |
| | Class S2 | | | | | -5.88% | | | | | | 3.79% | | | | | | — | | | | | | 8.01% | | | |
| | Class T | | | | | -6.14% | | | | | | 3.49% | | | | | | 7.83% | | | | | | — | | | |
| | S&P Target Date 2025 Index | | | | | -5.02% | | | | | | 4.31% | | | | | | 8.46% | | | | | | 8.65% | | | |
| | Russell 3000® Index | | | | | -5.24% | | | | | | 7.91% | | | | | | 13.18% | | | | | | 13.50% | | | |
| | MSCI EAFE® Index | | | | | -13.79% | | | | | | 0.53% | | | | | | 6.32% | | | | | | 5.89% | | | |
| | BCAB Index | | | | | 0.01% | | | | | | 2.52% | | | | | | 3.48% | | | | | | 3.59% | | | |
| | | | |
Voya Solution 2030 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, S2 and T October 3, 2011 | | | |||||||||
| | Class ADV | | | | | -7.47% | | | | | | 4.15% | | | | | | 8.66% | | | |
| | Class I | | | | | -6.98% | | | | | | 4.69% | | | | | | 9.22% | | | |
| | Class S | | | | | -7.23% | | | | | | 4.41% | | | | | | 8.90% | | | |
| | Class S2 | | | | | -7.40% | | | | | | 4.23% | | | | | | 8.73% | | | |
| | Class T | | | | | -7.67% | | | | | | 3.91% | | | | | | 8.48% | | | |
| | S&P Target Date 2030 Index | | | | | -5.99% | | | | | | 4.50% | | | | | | 9.05% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution 2035 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -8.54% | | | | | | 3.86% | | | | | | 8.78% | | | | | | — | | | |
| | Class I | | | | | -8.09% | | | | | | 4.37% | | | | | | 9.31% | | | | | | — | | | |
| | Class S | | | | | -8.34% | | | | | | 4.11% | | | | | | 9.04% | | | | | | — | | | |
| | Class S2 | | | | | -8.42% | | | | | | 3.97% | | | | | | — | | | | | | 8.71% | | | |
| | Class T | | | | | -8.76% | | | | | | 3.65% | | | | | | 8.55% | | | | | | — | | | |
| | S&P Target Date 2035 Index | | | | | -6.88% | | | | | | 4.69% | | | | | | 9.38% | | | | | | 9.54% | | | |
| | Russell 3000® Index | | | | | -5.24% | | | | | | 7.91% | | | | | | 13.18% | | | | | | 13.50% | | | |
| | MSCI EAFE® Index | | | | | -13.79% | | | | | | 0.53% | | | | | | 6.32% | | | | | | 5.89% | | | |
| | BCAB Index | | | | | 0.01% | | | | | | 2.52% | | | | | | 3.48% | | | | | | 3.59% | | | |
| | | | |
Voya Solution 2040 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, S2 and T October 3, 2011 | | | |||||||||
| | Class ADV | | | | | -9.41% | | | | | | 4.25% | | | | | | 9.58% | | | |
| | Class I | | | | | -8.95% | | | | | | 4.79% | | | | | | 10.16% | | | |
| | Class S | | | | | -9.13% | | | | | | 4.50% | | | | | | 9.84% | | | |
| | Class S2 | | | | | -9.30% | | | | | | 4.35% | | | | | | 9.68% | | | |
| | Class T | | | | | -9.57% | | | | | | 4.05% | | | | | | 9.37% | | | |
| | S&P Target Date 2040 Index | | | | | -7.41% | | | | | | 4.82% | | | | | | 9.96% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution 2045 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -10.53% | | | | | | 3.74% | | | | | | 9.14% | | | | | | — | | | |
| | Class I | | | | | -10.08% | | | | | | 4.26% | | | | | | 9.69% | | | | | | — | | | |
| | Class S | | | | | -10.23% | | | | | | 4.01% | | | | | | 9.42% | | | | | | — | | | |
| | Class S2 | | | | | -10.34% | | | | | | 3.85% | | | | | | — | | | | | | 9.04% | | | |
| | Class T | | | | | -10.72% | | | | | | 3.52% | | | | | | 8.92% | | | | | | — | | | |
| | S&P Target Date 2045 Index | | | | | -7.74% | | | | | | 4.91% | | | | | | 9.88% | | | | | | 10.01% | | | |
| | Russell 3000® Index | | | | | -5.24% | | | | | | 7.91% | | | | | | 13.18% | | | | | | 13.50% | | | |
| | MSCI EAFE® Index | | | | | -13.79% | | | | | | 0.53% | | | | | | 6.32% | | | | | | 5.89% | | | |
| | BCAB Index | | | | | 0.01% | | | | | | 2.52% | | | | | | 3.48% | | | | | | 3.59% | | | |
| | | | |
Voya Solution 2050 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, S2 and T October 3, 2011 | | | |||||||||
| | Class ADV | | | | | -10.82% | | | | | | 4.06% | | | | | | 9.56% | | | |
| | Class I | | | | | -10.37% | | | | | | 4.63% | | | | | | 10.16% | | | |
| | Class S | | | | | -10.61% | | | | | | 4.33% | | | | | | 9.81% | | | |
| | Class S2 | | | | | -10.75% | | | | | | 4.17% | | | | | | 9.65% | | | |
| | Class T | | | | | -11.01% | | | | | | 3.85% | | | | | | 9.39% | | | |
| | S&P Target Date 2050 Index | | | | | -7.94% | | | | | | 5.01% | | | | | | 10.52% | | | |
| | | | |
Portfolio Managers’ Report | Voya Solution 2055 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, S2 and T March 8, 2010 | | | |||||||||
| | Class ADV | | | | | -10.72% | | | | | | 3.81% | | | | | | 7.11% | | | |
| | Class I | | | | | -10.29% | | | | | | 4.32% | | | | | | 7.64% | | | |
| | Class S | | | | | -10.56% | | | | | | 4.06% | | | | | | 7.37% | | | |
| | Class S2 | | | | | -10.68% | | | | | �� | 3.90% | | | | | | 7.21% | | | |
| | Class T | | | | | -10.91% | | | | | | 3.63% | | | | | | 6.91% | | | |
| | S&P Target Date 2055 Index | | | | | -7.97% | | | | | | 5.07% | | | | | | 8.37% | | | |
| | | | |
Voya Solution 2060 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||
| | | | | 1 Year | | | Since Inception of Classes ADV, I, S, S2 and T February 9, 2015 | | | ||||||
| | Class ADV | | | | | -10.76% | | | | | | 3.42% | | | |
| | Class I | | | | | -10.35% | | | | | | 3.87% | | | |
| | Class S | | | | | -10.60% | | | | | | 3.52% | | | |
| | Class S2 | | | | | -10.70% | | | | | | 3.46% | | | |
| | Class T | | | | | -11.08% | | | | | | 3.09% | | | |
| | S&P Target Date 2060+ Index | | | | | -7.95% | | | | | | 4.94% | | | |
| | | | |
| | | Actual Portfolio Return | | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||||||||||||
| | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | ||||||||||||||||||||||||
Voya Solution Aggressive Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 892.80 | | | | | | 0.69% | | | | | $ | 3.29 | | | | | $ | 1,000.00 | | | | | $ | 1,021.73 | | | | | | 0.69% | | | | | $ | 3.52 | | |
Class I | | | | | 1,000.00 | | | | | | 895.30 | | | | | | 0.19 | | | | | | 0.91 | | | | | | 1,000.00 | | | | | | 1,024.25 | | | | | | 0.19 | | | | | | 0.97 | | |
Class R6 | | | | | 1,000.00 | | | | | | 895.40 | | | | | | 0.19 | | | | | | 0.91 | | | | | | 1,000.00 | | | | | | 1,024.25 | | | | | | 0.19 | | | | | | 0.97 | | |
Class S | | | | | 1,000.00 | | | | | | 894.10 | | | | | | 0.44 | | | | | | 2.10 | | | | | | 1,000.00 | | | | | | 1,022.99 | | | | | | 0.44 | | | | | | 2.24 | | |
Class S2 | | | | | 1,000.00 | | | | | | 893.20 | | | | | | 0.59 | | | | | | 2.82 | | | | | | 1,000.00 | | | | | | 1,022.23 | | | | | | 0.59 | | | | | | 3.01 | | |
Voya Solution Balanced Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 936.70 | | | | | | 0.69% | | | | | $ | 3.37 | | | | | $ | 1,000.00 | | | | | $ | 1,021.73 | | | | | | 0.69% | | | | | $ | 3.52 | | |
Class I | | | | | 1,000.00 | | | | | | 938.90 | | | | | | 0.19 | | | | | | 0.93 | | | | | | 1,000.00 | | | | | | 1,024.25 | | | | | | 0.19 | | | | | | 0.97 | | |
Class R6 | | | | | 1,000.00 | | | | | | 938.90 | | | | | | 0.19 | | | | | | 0.93 | | | | | | 1,000.00 | | | | | | 1,024.25 | | | | | | 0.19 | | | | | | 0.97 | | |
Class S | | | | | 1,000.00 | | | | | | 937.60 | | | | | | 0.44 | | | | | | 2.15 | | | | | | 1,000.00 | | | | | | 1,022.99 | | | | | | 0.44 | | | | | | 2.24 | | |
Class S2 | | | | | 1,000.00 | | | | | | 936.60 | | | | | | 0.59 | | | | | | 2.88 | | | | | | 1,000.00 | | | | | | 1,022.23 | | | | | | 0.59 | | | | | | 3.01 | | |
Voya Solution Conservative Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 982.30 | | | | | | 0.63% | | | | | $ | 3.15 | | | | | $ | 1,000.00 | | | | | $ | 1,022.03 | | | | | | 0.63% | | | | | $ | 3.21 | | |
Class I | | | | | 1,000.00 | | | | | | 985.00 | | | | | | 0.13 | | | | | | 0.65 | | | | | | 1,000.00 | | | | | | 1,024.55 | | | | | | 0.13 | | | | | | 0.66 | | |
Class R6 | | | | | 1,000.00 | | | | | | 985.00 | | | | | | 0.13 | | | | | | 0.65 | | | | | | 1,000.00 | | | | | | 1,024.55 | | | | | | 0.13 | | | | | | 0.66 | | |
Class S | | | | | 1,000.00 | | | | | | 983.90 | | | | | | 0.38 | | | | | | 1.90 | | | | | | 1,000.00 | | | | | | 1,023.29 | | | | | | 0.38 | | | | | | 1.94 | | |
Class S2 | | | | | 1,000.00 | | | | | | 982.80 | | | | | | 0.53 | | | | | | 2.65 | | | | | | 1,000.00 | | | | | | 1,022.53 | | | | | | 0.53 | | | | | | 2.70 | | |
| | | Actual Portfolio Return | | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||||||||||||
| | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | ||||||||||||||||||||||||
Voya Solution Income Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 975.50 | | | | | | 0.62% | | | | | $ | 3.09 | | | | | $ | 1,000.00 | | | | | $ | 1,022.08 | | | | | | 0.62% | | | | | $ | 3.16 | | |
Class I | | | | | 1,000.00 | | | | | | 978.40 | | | | | | 0.12 | | | | | | 0.60 | | | | | | 1,000.00 | | | | | | 1,024.60 | | | | | | 0.12 | | | | | | 0.61 | | |
Class S | | | | | 1,000.00 | | | | | | 976.80 | | | | | | 0.37 | | | | | | 1.84 | | | | | | 1,000.00 | | | | | | 1,023.34 | | | | | | 0.37 | | | | | | 1.89 | | |
Class S2 | | | | | 1,000.00 | | | | | | 976.20 | | | | | | 0.52 | | | | | | 2.59 | | | | | | 1,000.00 | | | | | | 1,022.58 | | | | | | 0.52 | | | | | | 2.65 | | |
Class T | | | | | 1,000.00 | | | | | | 974.80 | | | | | | 0.82 | | | | | | 4.08 | | | | | | 1,000.00 | | | | | | 1,021.07 | | | | | | 0.82 | | | | | | 4.18 | | |
Voya Solution Moderately Aggressive Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 911.00 | | | | | | 0.71% | | | | | $ | 3.42 | | | | | $ | 1,000.00 | | | | | $ | 1,021.63 | | | | | | 0.71% | | | | | $ | 3.62 | | |
Class I | | | | | 1,000.00 | | | | | | 912.50 | | | | | | 0.21 | | | | | | 1.01 | | | | | | 1,000.00 | | | | | | 1,024.15 | | | | | | 0.21 | | | | | | 1.07 | | |
Class R6 | | | | | 1,000.00 | | | | | | 913.30 | | | | | | 0.21 | | | | | | 1.01 | | | | | | 1,000.00 | | | | | | 1,024.15 | | | | | | 0.21 | | | | | | 1.07 | | |
Class S | | | | | 1,000.00 | | | | | | 912.00 | | ��� | | | | 0.46 | | | | | | 2.22 | | | | | | 1,000.00 | | | | | | 1,022.89 | | | | | | 0.46 | | | | | | 2.35 | | |
Class S2 | | | | | 1,000.00 | | | | | | 911.60 | | | | | | 0.61 | | | | | | 2.94 | | | | | | 1,000.00 | | | | | | 1,022.13 | | | | | | 0.61 | | | | | | 3.11 | | |
Voya Solution Moderately Conservative Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 961.50 | | | | | | 0.67% | | | | | $ | 3.31 | | | | | $ | 1,000.00 | | | | | $ | 1,021.83 | | | | | | 0.67% | | | | | $ | 3.41 | | |
Class I | | | | | 1,000.00 | | | | | | 964.20 | | | | | | 0.17 | | | | | | 0.84 | | | | | | 1,000.00 | | | | | | 1,024.35 | | | | | | 0.17 | | | | | | 0.87 | | |
Class R6 | | | | | 1,000.00 | | | | | | 964.10 | | | | | | 0.17 | | | | | | 0.84 | | | | | | 1,000.00 | | | | | | 1,024.35 | | | | | | 0.17 | | | | | | 0.87 | | |
Class S | | | | | 1,000.00 | | | | | | 962.20 | | | | | | 0.42 | | | | | | 2.08 | | | | | | 1,000.00 | | | | | | 1,023.09 | | | | | | 0.42 | | | | | | 2.14 | | |
Class S2 | | | | | 1,000.00 | | | | | | 962.00 | | | | | | 0.57 | | | | | | 2.82 | | | | | | 1,000.00 | | | | | | 1,022.33 | | | | | | 0.57 | | | | | | 2.91 | | |
Voya Solution 2020 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 960.00 | | | | | | 0.64% | | | | | $ | 3.16 | | | | | $ | 1,000.00 | | | | | $ | 1,021.98 | | | | | | 0.64% | | | | | $ | 3.26 | | |
Class I | | | | | 1,000.00 | | | | | | 963.40 | | | | | | 0.14 | | | | | | 0.69 | | | | | | 1,000.00 | | | | | | 1,024.50 | | | | | | 0.14 | | | | | | 0.71 | | |
Class S | | | | | 1,000.00 | | | | | | 962.30 | | | | | | 0.39 | | | | | | 1.93 | | | | | | 1,000.00 | | | | | | 1,023.24 | | | | | | 0.39 | | | | | | 1.99 | | |
Class S2 | | | | | 1,000.00 | | | | | | 961.30 | | | | | | 0.54 | | | | | | 2.67 | | | | | | 1,000.00 | | | | | | 1,022.48 | | | | | | 0.54 | | | | | | 2.75 | | |
Class T | | | | | 1,000.00 | | | | | | 959.50 | | | | | | 0.84 | | | | | | 4.15 | | | | | | 1,000.00 | | | | | | 1,020.97 | | | | | | 0.84 | | | | | | 4.28 | | |
Voya Solution 2025 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 945.10 | | | | | | 0.67% | | | | | $ | 3.28 | | | | | $ | 1,000.00 | | | | | $ | 1,021.83 | | | | | | 0.67% | | | | | $ | 3.41 | | |
Class I | | | | | 1,000.00 | | | | | | 948.40 | | | | | | 0.17 | | | | | | 0.83 | | | | | | 1,000.00 | | | | | | 1,024.35 | | | | | | 0.17 | | | | | | 0.87 | | |
Class S | | | | | 1,000.00 | | | | | | 946.70 | | | | | | 0.42 | | | | | | 2.06 | | | | | | 1,000.00 | | | | | | 1,023.09 | | | | | | 0.42 | | | | | | 2.14 | | |
Class S2 | | | | | 1,000.00 | | | | | | 946.10 | | | | | | 0.57 | | | | | | 2.80 | | | | | | 1,000.00 | | | | | | 1,022.33 | | | | | | 0.57 | | | | | | 2.91 | | |
Class T | | | | | 1,000.00 | | | | | | 944.70 | | | | | | 0.87 | | | | | | 4.26 | | | | | | 1,000.00 | | | | | | 1,020.82 | | | | | | 0.87 | | | | | | 4.43 | | |
Voya Solution 2030 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 931.10 | | | | | | 0.66% | | | | | $ | 3.21 | | | | | $ | 1,000.00 | | | | | $ | 1,021.88 | | | | | | 0.66% | | | | | $ | 3.36 | | |
Class I | | | | | 1,000.00 | | | | | | 934.20 | | | | | | 0.16 | | | | | | 0.78 | | | | | | 1,000.00 | | | | | | 1,024.40 | | | | | | 0.16 | | | | | | 0.82 | | |
Class S | | | | | 1,000.00 | | | | | | 932.90 | | | | | | 0.41 | | | | | | 2.00 | | | | | | 1,000.00 | | | | | | 1,023.14 | | | | | | 0.41 | | | | | | 2.09 | | |
Class S2 | | | | | 1,000.00 | | | | | | 931.80 | | | | | | 0.56 | | | | | | 2.73 | | | | | | 1,000.00 | | | | | | 1,022.38 | | | | | | 0.56 | | | | | | 2.85 | | |
Class T | | | | | 1,000.00 | | | | | | 930.30 | | | | | | 0.86 | | | | | | 4.18 | | | | | | 1,000.00 | | | | | | 1,020.87 | | | | | | 0.86 | | | | | | 4.38 | | |
Voya Solution 2035 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 920.60 | | | | | | 0.68% | | | | | $ | 3.29 | | | | | $ | 1,000.00 | | | | | $ | 1,021.78 | | | | | | 0.68% | | | | | $ | 3.47 | | |
Class I | | | | | 1,000.00 | | | | | | 922.10 | | | | | | 0.18 | | | | | | 0.87 | | | | | | 1,000.00 | | | | | | 1,024.30 | | | | | | 0.18 | | | | | | 0.92 | | |
Class S | | | | | 1,000.00 | | | | | | 921.00 | | | | | | 0.43 | | | | | | 2.08 | | | | | | 1,000.00 | | | | | | 1,023.04 | | | | | | 0.43 | | | | | | 2.19 | | |
Class S2 | | | | | 1,000.00 | | | | | | 921.20 | | | | | | 0.58 | | | | | | 2.81 | | | | | | 1,000.00 | | | | | | 1,022.28 | | | | | | 0.58 | | | | | | 2.96 | | |
Class T | | | | | 1,000.00 | | | | | | 918.80 | | | | | | 0.88 | | | | | | 4.26 | | | | | | 1,000.00 | | | | | | 1,020.77 | | | | | | 0.88 | | | | | | 4.48 | | |
| | | Actual Portfolio Return | | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||||||||||||
| | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | ||||||||||||||||||||||||
Voya Solution 2040 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 911.80 | | | | | | 0.66% | | | | | $ | 3.18 | | | | | $ | 1,000.00 | | | | | $ | 1,021.88 | | | | | | 0.66% | | | | | $ | 3.36 | | |
Class I | | | | | 1,000.00 | | | | | | 914.70 | | | | | | 0.16 | | | | | | 0.77 | | | | | | 1,000.00 | | | | | | 1,024.40 | | | | | | 0.16 | | | | | | 0.82 | | |
Class S | | | | | 1,000.00 | | | | | | 913.40 | | | | | | 0.41 | | | | | | 1.98 | | | | | | 1,000.00 | | | | | | 1,023.14 | | | | | | 0.41 | | | | | | 2.09 | | |
Class S2 | | | | | 1,000.00 | | | | | | 912.30 | | | | | | 0.56 | | | | | | 2.70 | | | | | | 1,000.00 | | | | | | 1,022.38 | | | | | | 0.56 | | | | | | 2.85 | | |
Class T | | | | | 1,000.00 | | | | | | 911.30 | | | | | | 0.86 | | | | | | 4.14 | | | | | | 1,000.00 | | | | | | 1,020.87 | | | | | | 0.86 | | | | | | 4.38 | | |
Voya Solution 2045 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 903.50 | | | | | | 0.69% | | | | | $ | 3.31 | | | | | $ | 1,000.00 | | | | | $ | 1,021.73 | | | | | | 0.69% | | | | | $ | 3.52 | | |
Class I | | | | | 1,000.00 | | | | | | 905.60 | | | | | | 0.19 | | | | | | 0.91 | | | | | | 1,000.00 | | | | | | 1,024.25 | | | | | | 0.19 | | | | | | 0.97 | | |
Class S | | | | | 1,000.00 | | | | | | 904.90 | | | | | | 0.44 | | | | | | 2.11 | | | | | | 1,000.00 | | | | | | 1,022.99 | | | | | | 0.44 | | | | | | 2.24 | | |
Class S2 | | | | | 1,000.00 | | | | | | 904.00 | | | | | | 0.59 | | | | | | 2.83 | | | | | | 1,000.00 | | | | | | 1,022.23 | | | | | | 0.59 | | | | | | 3.01 | | |
Class T | | | | | 1,000.00 | | | | | | 902.00 | | | | | | 0.89 | | | | | | 4.27 | | | | | | 1,000.00 | | | | | | 1,020.72 | | | | | | 0.89 | | | | | | 4.53 | | |
Voya Solution 2050 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 901.20 | | | | | | 0.68% | | | | | $ | 3.26 | | | | | $ | 1,000.00 | | | | | $ | 1,021.78 | | | | | | 0.68% | | | | | $ | 3.47 | | |
Class I | | | | | 1,000.00 | | | | | | 903.30 | | | | | | 0.18 | | | | | | 0.86 | | | | | | 1,000.00 | | | | | | 1,024.30 | | | | | | 0.18 | | | | | | 0.92 | | |
Class S | | | | | 1,000.00 | | | | | | 902.10 | | | | | | 0.43 | | | | | | 2.06 | | | | | | 1,000.00 | | | | | | 1,023.04 | | | | | | 0.43 | | | | | | 2.19 | | |
Class S2 | | | | | 1,000.00 | | | | | | 901.30 | | | | | | 0.58 | | | | | | 2.78 | | | | | | 1,000.00 | | | | | | 1,022.28 | | | | | | 0.58 | | | | | | 2.96 | | |
Class T | | | | | 1,000.00 | | | | | | 900.30 | | | | | | 0.88 | | | | | | 4.22 | | | | | | 1,000.00 | | | | | | 1,020.77 | | | | | | 0.88 | | | | | | 4.48 | | |
Voya Solution 2055 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 902.10 | | | | | | 0.68% | | | | | $ | 3.26 | | | | | $ | 1,000.00 | | | | | $ | 1,021.78 | | | | | | 0.68% | | | | | $ | 3.47 | | |
Class I | | | | | 1,000.00 | | | | | | 903.90 | | | | | | 0.18 | | | | | | 0.86 | | | | | | 1,000.00 | | | | | | 1,024.30 | | | | | | 0.18 | | | | | | 0.92 | | |
Class S | | | | | 1,000.00 | | | | | | 902.50 | | | | | | 0.43 | | | | | | 2.06 | | | | | | 1,000.00 | | | | | | 1,023.04 | | | | | | 0.43 | | | | | | 2.19 | | |
Class S2 | | | | | 1,000.00 | | | | | | 901.90 | | | | | | 0.58 | | | | | | 2.78 | | | | | | 1,000.00 | | | | | | 1,022.28 | | | | | | 0.58 | | | | | | 2.96 | | |
Class T | | | | | 1,000.00 | | | | | | 900.70 | | | | | | 0.88 | | | | | | 4.22 | | | | | | 1,000.00 | | | | | | 1,020.77 | | | | | | 0.88 | | | | | | 4.48 | | |
Voya Solution 2060 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 901.10 | | | | | | 0.69% | | | | | $ | 3.31 | | | | | $ | 1,000.00 | | | | | $ | 1,021.73 | | | | | | 0.69% | | | | | $ | 3.52 | | |
Class I | | | | | 1,000.00 | | | | | | 903.70 | | | | | | 0.19 | | | | | | 0.91 | | | | | | 1,000.00 | | | | | | 1,024.25 | | | | | | 0.19 | | | | | | 0.97 | | |
Class S | | | | | 1,000.00 | | | | | | 902.00 | | | | | | 0.44 | | | | | | 2.11 | | | | | | 1,000.00 | | | | | | 1,022.99 | | | | | | 0.44 | | | | | | 2.24 | | |
Class S2 | | | | | 1,000.00 | | | | | | 901.70 | | | | | | 0.59 | | | | | | 2.83 | | | | | | 1,000.00 | | | | | | 1,022.23 | | | | | | 0.59 | | | | | | 3.01 | | |
Class T | | | | | 1,000.00 | | | | | | 899.40 | | | | | | 0.89 | | | | | | 4.26 | | | | | | 1,000.00 | | | | | | 1,020.72 | | | | | | 0.89 | | | | | | 4.53 | | |
Voya Partners, Inc.:
February 22, 2019
| | | Voya Solution Aggressive Portfolio | | | Voya Solution Balanced Portfolio | | | Voya Solution Conservative Portfolio | | | Voya Solution Income Portfolio | | ||||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 13,350,076 | | | | | $ | 44,092,347 | | | | | $ | 14,881,098 | | | | | $ | 311,723,840 | | |
Investments in unaffiliated underlying funds at fair value** | | | | | 1,226,474 | | | | | | 5,764,475 | | | | | | 2,302,724 | | | | | | 36,326,146 | | |
Cash | | | | | 58,658 | | | | | | 155,752 | | | | | | 44,501 | | | | | | 1,286,060 | | |
Cash collateral for futures | | | | | — | | | | | | — | | | | | | — | | | | | | 763,605 | | |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 197,777 | | | | | | 1,408,996 | | | | | | 263,395 | | | | | | 4,282,000 | | |
Investments in unaffiliated underlying funds sold | | | | | 19,439 | | | | | | 152,262 | | | | | | 1,215 | | | | | | 1,185,144 | | |
Fund shares sold | | | | | 43,221 | | | | | | 114,752 | | | | | | 11,170 | | | | | | 4,877 | | |
Dividends | | | | | — | | | | | | — | | | | | | 60 | | | | | | — | | |
Prepaid expenses | | | | | 68 | | | | | | 280 | | | | | | 78 | | | | | | 1,991 | | |
Reimbursement due from manager | | | | | 3,678 | | | | | | 117 | | | | | | 4,690 | | | | | | 44,374 | | |
Other assets | | | | | 195 | | | | | | 1,366 | | | | | | 420 | | | | | | 24,632 | | |
Total assets | | | | | 14,899,586 | | | | | | 51,690,347 | | | | | | 17,509,351 | | | | | | 355,642,669 | | |
LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 258,495 | | | | | | 932,969 | | | | | | 216,838 | | | | | | 5,490,910 | | |
Payable for investments in unaffiliated underlying funds purchased | | | | | 46,104 | | | | | | 96,964 | | | | | | 87,902 | | | | | | 177,209 | | |
Payable for fund shares redeemed | | | | | — | | | | | | 756,316 | | | | | | — | | | | | | 568,638 | | |
Payable for investment management fees | | | | | 2,674 | | | | | | 9,752 | | | | | | 3,139 | | | | | | 66,585 | | |
Payable for distribution and shareholder service fees | | | | | 2,317 | | | | | | 10,007 | | | | | | 4,241 | | | | | | 91,970 | | |
Payable for directors fees | | | | | 77 | | | | | | 283 | | | | | | 81 | | | | | | 1,983 | | |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 195 | | | | | | 1,366 | | | | | | 420 | | | | | | 24,632 | | |
Other accrued expenses and liabilities | | | | | 6,756 | | | | | | 22,535 | | | | | | 8,059 | | | | | | 128,331 | | |
Total liabilities | | | | | 316,618 | | | | | | 1,830,192 | | | | | | 320,680 | | | | | | 6,550,258 | | |
NET ASSETS | | | | $ | 14,582,968 | | | | | $ | 49,860,155 | | | | | $ | 17,188,671 | | | | | $ | 349,092,411 | | |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 15,471,495 | | | | | $ | 51,056,689 | | | | | $ | 17,729,544 | | | | | $ | 359,888,436 | | |
Total distributable loss | | | | | (888,527) | | | | | | (1,196,534) | | | | | | (540,873) | | | | | | (10,796,025) | | |
NET ASSETS | | | | $ | 14,582,968 | | | | | $ | 49,860,155 | | | | | $ | 17,188,671 | | | | | $ | 349,092,411 | | |
* Cost of investments in affiliated underlying funds | | | | $ | 15,613,096 | | | | | $ | 48,758,408 | | | | | $ | 15,579,404 | | | | | $ | 330,059,299 | | |
** Cost of investments in unaffiliated underlying funds | | | | $ | 1,278,551 | | | | | $ | 5,968,092 | | | | | $ | 2,343,700 | | | | | $ | 37,736,862 | | |
| | | Voya Solution Aggressive Portfolio | | | Voya Solution Balanced Portfolio | | | Voya Solution Conservative Portfolio | | | Voya Solution Income Portfolio | | ||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 3,158,797 | | | | | $ | 11,983,685 | | | | | $ | 7,911,864 | | | | | $ | 148,720,470 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 275,387 | | | | | | 1,347,700 | | | | | | 760,885 | | | | | | 13,617,616 | | |
Net asset value and redemption price per share | | | | $ | 11.47 | | | | | $ | 8.89 | | | | | $ | 10.40 | | | | | $ | 10.92 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 325,244 | | | | | $ | 3,688,905 | | | | | $ | 273,863 | | | | | $ | 75,592,320 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 27,710 | | | | | | 399,300 | | | | | | 25,977 | | | | | | 6,756,293 | | |
Net asset value and redemption price per share | | | | $ | 11.74 | | | | | $ | 9.24 | | | | | $ | 10.54 | | | | | $ | 11.19 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 7,176,536 | | | | | $ | 13,737,743 | | | | | $ | 5,056,386 | | | | | | n/a | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | n/a | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | | n/a | | |
Shares outstanding | | | | | 611,434 | | | | | | 1,486,999 | | | | | | 479,708 | | | | | | n/a | | |
Net asset value and redemption price per share | | | | $ | 11.74 | | | | | $ | 9.24 | | | | | $ | 10.54 | | | | | | n/a | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 3,122,806 | | | | | $ | 19,593,864 | | | | | $ | 3,508,156 | | | | | $ | 118,451,380 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 269,260 | | | | | | 2,174,297 | | | | | | 334,803 | | | | | | 10,677,546 | | |
Net asset value and redemption price per share | | | | $ | 11.60 | | | | | $ | 9.01 | | | | | $ | 10.48 | | | | | $ | 11.09 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 799,585 | | | | | $ | 855,958 | | | | | $ | 438,402 | | | | | $ | 6,110,513 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 69,940 | | | | | | 95,059 | | | | | | 42,194 | | | | | | 564,751 | | |
Net asset value and redemption price per share | | | | $ | 11.43 | | | | | $ | 9.00 | | | | | $ | 10.39 | | | | | $ | 10.82 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | $ | 217,728 | | |
Shares authorized | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 100,000,000 | | |
Par value | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | $ | 0.001 | | |
Shares outstanding | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 18,696 | | |
Net asset value and redemption price per share | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | $ | 11.65 | | |
| | | Voya Solution Moderately Aggressive Portfolio | | | Voya Solution Moderately Conservative Portfolio | | | Voya Solution 2020 Portfolio | | | Voya Solution 2025 Portfolio | | ||||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 513,432,622 | | | | | $ | 24,693,926 | | | | | $ | 29,987,740 | | | | | $ | 711,417,290 | | |
Investments in unaffiliated underlying funds at fair value** | | | | | 47,215,315 | | | | | | 3,687,586 | | | | | | 3,880,923 | | | | | | 57,246,579 | | |
Cash | | | | | 2,920,935 | | | | | | 79,669 | | | | | | 90,328 | | | | | | 2,613,969 | | |
Cash collateral for futures | | | | | 2,288,387 | | | | | | — | | | | | | — | | | | | | 1,691,692 | | |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 6,546,431 | | | | | | 658,295 | | | | | | 582,450 | | | �� | | | 11,811,334 | | |
Investments in unaffiliated underlying funds sold | | | | | 735,889 | | | | | | 93,797 | | | | | | 150,292 | | | | | | 1,558,475 | | |
Fund shares sold | | | | | 1,743,613 | | | | | | 21,458 | | | | | | 20,576 | | | | | | 30,929 | | |
Prepaid expenses | | | | | 3,323 | | | | | | 144 | | | | | | 159 | | | | | | 4,326 | | |
Reimbursement due from manager | | | | | 22,609 | | | | | | 4,634 | | | | | | 2,187 | | | | | | 43,275 | | |
Other assets | | | | | 27,338 | | | | | | 1,005 | | | | | | 434 | | | | | | 36,590 | | |
Total assets | | | | | 574,936,462 | | | | | | 29,240,514 | | | | | | 34,715,089 | | | | | | 786,454,459 | | |
LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 10,432,274 | | | | | | 546,264 | | | | | | 621,757 | | | | | | 13,465,330 | | |
Payable for investments in unaffiliated underlying funds purchased | | | | | 137,387 | | | | | | 33,259 | | | | | | 14,893 | | | | | | 579,511 | | |
Payable for fund shares redeemed | | | | | 263,752 | | | | | | 253,852 | | | | | | 176,456 | | | | | | 824,865 | | |
Payable for investment management fees | | | | | 106,102 | | | | | | 5,495 | | | | | | 6,369 | | | | | | 143,046 | | |
Payable for distribution and shareholder service fees | | | | | 123,597 | | | | | | 7,468 | | | | | | 8,573 | | | | | | 174,084 | | |
Payable for directors fees | | | | | 3,318 | | | | | | 152 | | | | | | 176 | | | | | | 4,369 | | |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 27,338 | | | | | | 1,005 | | | | | | 434 | | | | | | 36,590 | | |
Other accrued expenses and liabilities | | | | | 121,021 | | | | | | 24,596 | | | | | | 4,717 | | | | | | 140,382 | | |
Total liabilities | | | | | 11,214,789 | | | | | | 872,091 | | | | | | 833,375 | | | | | | 15,368,177 | | |
NET ASSETS | | | | $ | 563,721,673 | | | | | $ | 28,368,423 | | | | | $ | 33,881,714 | | | | | $ | 771,086,282 | | |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 574,948,900 | | | | | $ | 29,419,280 | | | | | $ | 34,316,766 | | | | | $ | 779,913,078 | | |
Total distributable loss | | | | | (11,227,227) | | | | | | (1,050,857) | | | | | | (435,052) | | | | | | (8,826,796) | | |
NET ASSETS | | | | $ | 563,721,673 | | | | | $ | 28,368,423 | | | | | $ | 33,881,714 | | | | | $ | 771,086,282 | | |
* Cost of investments in affiliated underlying funds | | | | $ | 573,500,020 | | | | | $ | 26,474,769 | | | | | $ | 32,261,190 | | | | | $ | 766,769,107 | | |
** Cost of investments in unaffiliated underlying funds | | | | $ | 49,409,494 | | | | | $ | 3,766,694 | | | | | $ | 3,950,430 | | | | | $ | 61,123,238 | | |
| | | Voya Solution Moderately Aggressive Portfolio | | | Voya Solution Moderately Conservative Portfolio | | | Voya Solution 2020 Portfolio | | | Voya Solution 2025 Portfolio | | ||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 21,418,137 | | | | | $ | 9,033,202 | | | | | $ | 13,351,554 | | | | | $ | 244,883,071 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 1,880,895 | | | | | | 989,396 | | | | | | 1,126,349 | | | | | | 23,364,120 | | |
Net asset value and redemption price per share | | | | $ | 11.39 | | | | | $ | 9.13 | | | | | $ | 11.85 | | | | | $ | 10.48 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 3,897,905 | | | | | $ | 31,374 | | | | | $ | 7,160,283 | | | | | $ | 219,810,977 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 335,607 | | | | | | 3,290 | | | | | | 590,167 | | | | | | 20,397,128 | | |
Net asset value and redemption price per share | | | | $ | 11.61 | | | | | $ | 9.54 | | | | | $ | 12.13 | | | | | $ | 10.78 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 12,083,450 | | | | | $ | 3,779,695 | | | | | | n/a | | | | | | n/a | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | n/a | | | | | | n/a | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | | n/a | | | | | | n/a | | |
Shares outstanding | | | | | 1,041,107 | | | | | | 396,770 | | | | | | n/a | | | | | | n/a | | |
Net asset value and redemption price per share | | | | $ | 11.61 | | | | | $ | 9.53 | | | | | | n/a | | | | | | n/a | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 525,589,866 | | | | | $ | 14,452,144 | | | | | $ | 12,873,066 | | | | | $ | 294,102,133 | | |
Shares authorized | | | | | 200,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 45,752,191 | | | | | | 1,550,190 | | | | | | 1,066,607 | | | | | | 27,620,746 | | |
Net asset value and redemption price per share | | | | $ | 11.49 | | | | | $ | 9.32 | | | | | $ | 12.07 | | | | | $ | 10.65 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 732,315 | | | | | $ | 1,072,008 | | | | | $ | 484,634 | | | | | $ | 11,714,734 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 63,698 | | | | | | 116,437 | | | | | | 40,636 | | | | | | 1,131,473 | | |
Net asset value and redemption price per share | | | | $ | 11.50 | | | | | $ | 9.21 | | | | | $ | 11.93 | | | | | $ | 10.35 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | | n/a | | | | | | n/a | | | | | $ | 12,177 | | | | | $ | 575,367 | | |
Shares authorized | | | | | n/a | | | | | | n/a | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | | n/a | | | | | | n/a | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | n/a | | | | | | n/a | | | | | | 1,027 | | | | | | 52,517 | | |
Net asset value and redemption price per share | | | | | n/a | | | | | | n/a | | | | | $ | 11.85 | | | | | $ | 10.96 | | |
| | | Voya Solution 2030 Portfolio | | | Voya Solution 2035 Portfolio | | | Voya Solution 2040 Portfolio | | | Voya Solution 2045 Portfolio | | ||||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 27,909,201 | | | | | $ | 715,656,431 | | | | | $ | 21,988,926 | | | | | $ | 524,555,327 | | |
Investments in unaffiliated underlying funds at fair value** | | | | | 3,084,188 | | | | | | 53,392,456 | | | | | | 2,397,450 | | | | | | 36,253,851 | | |
Cash | | | | | 89,897 | | | | | | 3,247,989 | | | | | | 78,097 | | | | | | 2,858,952 | | |
Cash collateral for futures | | | | | — | | | | | | 2,341,832 | | | | | | — | | | | | | 2,292,006 | | |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 516,972 | | | | | | 8,839,912 | | | | | | 246,573 | | | | | | 6,875,309 | | |
Investments in unaffiliated underlying funds sold | | | | | 60,565 | | | | | | 910,129 | | | | | | 65,332 | | | | | | 322,624 | | |
Fund shares sold | | | | | 20,132 | | | | | | 1,652,312 | | | | | | 243,310 | | | | | | 248,173 | | |
Prepaid expenses | | | | | 148 | | | | | | 4,390 | | | | | | 116 | | | | | | 3,282 | | |
Reimbursement due from manager | | | | | 6,508 | | | | | | 75,061 | | | | | | 4,517 | | | | | | 5,732 | | |
Other assets | | | | | 352 | | | | | | 32,880 | | | | | | 284 | | | | | | 22,326 | | |
Total assets | | | | | 31,687,963 | | | | | | 786,153,392 | | | | | | 25,024,605 | | | | | | 573,437,582 | | |
LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 476,082 | | | | | | 11,685,291 | | | | | | 555,006 | | | | | | 8,419,977 | | |
Payable for investments in unaffiliated underlying funds purchased | | | | | 75,639 | | | | | | 404,251 | | | | | | 26,705 | | | | | | 154,713 | | |
Payable for fund shares redeemed | | | | | 106,195 | | | | | | 1,417,299 | | | | | | 28,550 | | | | | | 613,803 | | |
Payable for investment management fees | | | | | 5,814 | | | | | | 142,759 | | | | | | 4,753 | | | | | | 104,385 | | |
Payable for distribution and shareholder service fees | | | | | 7,874 | | | | | | 162,171 | | | | | | 5,650 | | | | | | 107,592 | | |
Payable for directors fees | | | | | 162 | | | | | | 4,438 | | | | | | 130 | | | | | | 3,306 | | |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 352 | | | | | | 32,880 | | | | | | 284 | | | | | | 22,326 | | |
Other accrued expenses and liabilities | | | | | 5,357 | | | | | | 130,614 | | | | | | 11,150 | | | | | | 104,887 | | |
Total liabilities | | | | | 677,475 | | | | | | 13,979,703 | | | | | | 632,228 | | | | | | 9,530,989 | | |
NET ASSETS | | | | $ | 31,010,488 | | | | | $ | 772,173,689 | | | | | $ | 24,392,377 | | | | | $ | 563,906,593 | | |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 31,826,112 | | | | | $ | 774,832,112 | | | | | $ | 25,307,965 | | | | | $ | 569,147,810 | | |
Total distributable loss | | | | | (815,624) | | | | | | (2,658,423) | | | | | | (915,588) | | | | | | (5,241,217) | | |
NET ASSETS | | | | $ | 31,010,488 | | | | | $ | 772,173,689 | | | | | $ | 24,392,377 | | | | | $ | 563,906,593 | | |
* Cost of investments in affiliated underlying funds | | | | $ | 31,394,715 | | | | | $ | 780,823,006 | | | | | $ | 25,266,014 | | | | | $ | 585,621,583 | | |
** Cost of investments in unaffiliated underlying funds | | | | $ | 3,205,510 | | | | | $ | 57,620,533 | | | | | $ | 2,485,384 | | | | | $ | 38,501,045 | | |
| | | Voya Solution 2030 Portfolio | | | Voya Solution 2035 Portfolio | | | Voya Solution 2040 Portfolio | | | Voya Solution 2045 Portfolio | | ||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 12,629,602 | | | | | $ | 212,084,256 | | | | | $ | 8,661,964 | | | | | $ | 134,754,147 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 915,726 | | | | | | 20,015,744 | | | | | | 607,259 | | | | | | 12,930,261 | | |
Net asset value and redemption price per share | | | | $ | 13.79 | | | | | $ | 10.60 | | | | | $ | 14.26 | | | | | $ | 10.42 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 7,332,502 | | | | | $ | 247,474,582 | | | | | $ | 7,133,796 | | | | | $ | 211,781,131 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 517,245 | | | | | | 22,721,202 | | | | | | 486,577 | | | | | | 19,733,224 | | |
Net asset value and redemption price per share | | | | $ | 14.18 | | | | | $ | 10.89 | | | | | $ | 14.66 | | | | | $ | 10.73 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 10,588,672 | | | | | $ | 297,720,906 | | | | | $ | 7,640,541 | | | | | $ | 209,646,791 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 751,752 | | | | | | 27,658,143 | | | | | | 525,580 | | | | | | 19,820,843 | | |
Net asset value and redemption price per share | | | | $ | 14.09 | | | | | $ | 10.76 | | | | | $ | 14.54 | | | | | $ | 10.58 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 439,384 | | | | | $ | 14,520,912 | | | | | $ | 938,928 | | | | | $ | 7,504,198 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | ��� | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 31,602 | | | | | | 1,402,125 | | | | | | 65,600 | | | | | | 728,190 | | |
Net asset value and redemption price per share | | | | $ | 13.90 | | | | | $ | 10.36 | | | | | $ | 14.31 | | | | | $ | 10.31 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 20,328 | | | | | $ | 373,033 | | | | | $ | 17,148 | | | | | $ | 220,326 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 1,471 | | | | | | 33,686 | | | | | | 1,206 | | | | | | 20,520 | | |
Net asset value and redemption price per share | | | | $ | 13.82 | | | | | $ | 11.07 | | | | | $ | 14.22 | | | | | $ | 10.74 | | |
| | | Voya Solution 2050 Portfolio | | | Voya Solution 2055 Portfolio | | | Voya Solution 2060 Portfolio | | |||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 18,376,643 | | | | | $ | 157,556,886 | | | | | $ | 9,817,788 | | |
Investments in unaffiliated underlying funds at fair value** | | | | | 1,937,911 | | | | | | 10,910,351 | | | | | | 1,029,683 | | |
Cash | | | | | 70,851 | | | | | | 832,722 | | | | | | 29,537 | | |
Cash collateral for futures | | | | | — | | | | | | 671,757 | | | | | | — | | |
Receivables: | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 475,760 | | | | | | 2,456,135 | | | | | | 228,194 | | |
Investments in unaffiliated underlying funds sold | | | | | 34,573 | | | | | | 42,832 | | | | | | 10,205 | | |
Fund shares sold | | | | | 365 | | | | | | 49,369 | | | | | | 2,141 | | |
Prepaid expenses | | | | | 94 | | | | | | 882 | | | | | | 45 | | |
Reimbursement due from manager | | | | | 3,634 | | | | | | 13,832 | | | | | | 18,704 | | |
Other assets | | | | | 202 | | | | | | 3,539 | | | | | | 97 | | |
Total assets | | | | | 20,900,033 | | | | | | 172,538,305 | | | | | | 11,136,394 | | |
LIABILITIES: | | | | | | | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 290,530 | | | | | | 2,275,095 | | | | | | 138,105 | | |
Payable for investments in unaffiliated underlying funds purchased | | | | | 47,987 | | | | | | 297,919 | | | | | | 56,902 | | |
Payable for fund shares redeemed | | | | | 222,321 | | | | | | 474,653 | | | | | | 65,838 | | |
Payable for investment management fees | | | | | 3,796 | | | | | | 31,058 | | | | | | 9,337 | | |
Payable for distribution and shareholder service fees | | | | | 4,839 | | | | | | 28,721 | | | | | | 2,754 | | |
Payable for directors fees | | | | | 105 | | | | | | 933 | | | | | | 53 | | |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 202 | | | | | | 3,539 | | | | | | 97 | | |
Other accrued expenses and liabilities | | | | | 10,456 | | | | | | 29,649 | | | | | | 9,127 | | |
Total liabilities | | | | | 580,236 | | | | | | 3,141,567 | | | | | | 282,213 | | |
NET ASSETS | | | | $ | 20,319,797 | | | | | $ | 169,396,738 | | | | | $ | 10,854,181 | | |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 21,556,624 | | | | | $ | 174,103,560 | | | | | $ | 11,604,226 | | |
Total distributable loss | | | | | (1,236,827) | | | | | | (4,706,822) | | | | | | (750,045) | | |
NET ASSETS | | | | $ | 20,319,797 | | | | | $ | 169,396,738 | | | | | $ | 10,854,181 | | |
* Cost of investments in affiliated underlying funds | | | | $ | 21,526,313 | | | | | $ | 178,386,628 | | | | | $ | 11,452,762 | | |
** Cost of investments in unaffiliated underlying funds | | | | $ | 2,028,665 | | | | | $ | 11,596,288 | | | | | $ | 1,076,861 | | |
| | | Voya Solution 2050 Portfolio | | | Voya Solution 2055 Portfolio | | | Voya Solution 2060 Portfolio | | |||||||||
Class ADV | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 8,143,754 | | | | | $ | 39,620,603 | | | | | $ | 4,593,084 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 558,568 | | | | | | 3,209,388 | | | | | | 439,660 | | |
Net asset value and redemption price per share | | | | $ | 14.58 | | | | | $ | 12.35 | | | | | $ | 10.45 | | |
Class I | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 6,320,138 | | | | | $ | 77,961,401 | | | | | $ | 2,570,462 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 420,258 | | | | | | 6,184,335 | | | | | | 242,558 | | |
Net asset value and redemption price per share | | | | $ | 15.04 | | | | | $ | 12.61 | | | | | $ | 10.60 | | |
Class S | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 5,412,641 | | | | | $ | 49,077,006 | | | | | $ | 3,440,247 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 363,767 | | | | | | 3,938,957 | | | | | | 328,615 | | |
Net asset value and redemption price per share | | | | $ | 14.88 | | | | | $ | 12.46 | | | | | $ | 10.47 | | |
Class S2 | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 422,931 | | | | | $ | 2,719,744 | | | | | $ | 247,009 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 28,827 | | | | | | 219,546 | | | | | | 23,617 | | |
Net asset value and redemption price per share | | | | $ | 14.67 | | | | | $ | 12.39 | | | | | $ | 10.46 | | |
Class T | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 20,333 | | | | | $ | 17,984 | | | | | $ | 3,379 | | |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | |
Shares outstanding | | | | | 1,390 | | | | | | 1,430 | | | | | | 325 | | |
Net asset value and redemption price per share | | | | $ | 14.63 | | | | | $ | 12.58 | | | | | $ | 10.40 | | |
| | | Voya Solution Aggressive Portfolio | | | Voya Solution Balanced Portfolio | | | Voya Solution Conservative Portfolio | | | Voya Solution Income Portfolio | | ||||||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 3,692 | | |
Dividends from affiliated underlying funds | | | | | 210,657 | | | | | | 1,109,177 | | | | | | 400,780 | | | | | | 9,099,089 | | |
Dividends from unaffiliated underlying funds | | | | | 19,867 | | | | | | 96,185 | | | | | | 18,094 | | | | | | 372,740 | | |
Total investment income | | | | | 230,524 | | | | | | 1,205,362 | | | | | | 418,874 | | | | | | 9,475,521 | | |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | | | 32,407 | | | | | | 121,746 | | | | | | 34,689 | | | | | | 827,649 | | |
Distribution and shareholder service fees: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | 17,276 | | | | | | 76,926 | | | | | | 40,402 | | | | | | 842,168 | | |
Class S | | | | | 10,689 | | | | | | 54,808 | | | | | | 9,175 | | | | | | 345,092 | | |
Class S2 | | | | | 3,228 | | | | | | 5,045 | | | | | | 1,993 | | | | | | 30,375 | | |
Class T | | | | | — | | | | | | — | | | | | | — | | | | | | 1,540 | | |
Transfer agent fees | | | | | 310 | | | | | | 206 | | | | | | 308 | | | | | | 4,420 | | |
Shareholder reporting expense | | | | | 4,590 | | | | | | 7,300 | | | | | | 4,265 | | | | | | 36,495 | | |
Professional fees | | | | | 10,267 | | | | | | 16,447 | | | | | | 9,855 | | | | | | 56,950 | | |
Custody and accounting expense | | | | | 3,066 | | | | | | 8,639 | | | | | | 3,014 | | | | | | 35,900 | | |
Directors fees | | | | | 611 | | | | | | 2,263 | | | | | | 650 | | | | | | 15,861 | | |
Miscellaneous expense | | | | | 10,112 | | | | | | 13,312 | | | | | | 10,577 | | | | | | 17,839 | | |
Interest expense | | | | | 21 | | | | | | 42 | | | | | | 31 | | | | | | 412 | | |
Total expenses | | | | | 92,577 | | | | | | 306,734 | | | | | | 114,959 | | | | | | 2,214,701 | | |
Waived and reimbursed fees | | | | | (31,805) | | | | | | (61,303) | | | | | | (41,777) | | | | | | (521,785) | | |
Net expenses | | | | | 60,772 | | | | | | 245,431 | | | | | | 73,182 | | | | | | 1,692,916 | | |
Net investment income | | | | | 169,752 | | | | | | 959,931 | | | | | | 345,692 | | | | | | 7,782,605 | | |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 512,602 | | | | | | 1,565,331 | | | | | | (52,563) | | | | | | 2,377,444 | | |
Sale of unaffiliated underlying funds | | | | | 943 | | | | | | 24,508 | | | | | | 7,319 | | | | | | 190,845 | | |
Capital gain distributions from affiliated underlying funds | | | | | 1,062,685 | | | | | | 2,395,938 | | | | | | 311,086 | | | | | | 9,552,274 | | |
Foreign currency related transactions | | | | | — | | | | | | (576) | | | | | | — | | | | | | (2,523) | | |
Futures | | | | | — | | | | | | (112,605) | | | | | | — | | | | | | (523,710) | | |
Net realized gain | | | | | 1,576,230 | | | | | | 3,872,596 | | | | | | 265,842 | | | | | | 11,594,330 | | |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (3,388,817) | | | | | | (8,116,334) | | | | | | (917,577) | | | | | | (30,025,996) | | |
Unaffiliated underlying funds | | | | | (106,018) | | | | | | (336,779) | | | | | | (65,051) | | | | | | (1,263,742) | | |
Foreign currency related transactions | | | | | — | | | | | | (86) | | | | | | — | | | | | | (642) | | |
Futures | | | | | — | | | | | | 4,451 | | | | | | — | | | | | | 275,959 | | |
Net change in unrealized appreciation (depreciation) | | | | | (3,494,835) | | | | | | (8,448,748) | | | | | | (982,628) | | | | | | (31,014,421) | | |
Net realized and unrealized loss | | | | | (1,918,605) | | | | | | (4,576,152) | | | | | | (716,786) | | | | | | (19,420,091) | | |
Decrease in net assets resulting from operations | | | | $ | (1,748,853) | | | | | $ | (3,616,221) | | | | | $ | (371,094) | | | | | $ | (11,637,486) | | |
|
| | | Voya Solution Moderately Aggressive Portfolio | | | Voya Solution Moderately Conservative Portfolio | | | Voya Solution 2020 Portfolio | | | Voya Solution 2025 Portfolio | | ||||||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest | | | | $ | 13,222 | | | | | $ | — | | | | | $ | — | | | | | $ | 8,073 | | |
Dividends from affiliated underlying funds | | | | | 10,796,490 | | | | | | 717,046 | | | | | | 777,281 | | | | | | 17,074,793 | | |
Dividends from unaffiliated underlying funds | | | | | 1,150,415 | | | | | | 38,853 | | | | | | 38,121 | | | | | | 999,729 | | |
Total investment income | | | | | 11,960,127 | | | | | | 755,899 | | | | | | 815,402 | | | | | | 18,082,595 | | |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | | | 1,431,664 | | | | | | 64,549 | | | | | | 74,257 | | | | | | 1,839,895 | | |
Distribution and shareholder service fees: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | 124,937 | | | | | | 52,970 | | | | | | 73,182 | | | | | | 1,417,711 | | |
Class S | | | | | 1,554,565 | | | | | | 38,782 | | | | | | 30,809 | | | | | | 836,566 | | |
Class S2 | | | | | 4,748 | | | | | | 4,104 | | | | | | 2,673 | | | | | | 58,237 | | |
Class T | | | | | — | | | | | | — | | | | | | 83 | | | | | | 5,430 | | |
Transfer agent fees | | | | | 6,397 | | | | | | 142 | | | | | | 89 | | | | | | 1,171 | | |
Shareholder reporting expense | | | | | 38,590 | | | | | | 6,935 | | | | | | 4,992 | | | | | | 42,330 | | |
Professional fees | | | | | 91,432 | | | | | | 12,045 | | | | | | 12,053 | | | | | | 103,361 | | |
Custody and accounting expense | | | | | 50,718 | | | | | | 4,080 | | | | | | 2,351 | | | | | | 65,892 | | |
Directors fees | | | | | 26,547 | | | | | | 1,215 | | | | | | 1,410 | | | | | | 34,958 | | |
Miscellaneous expense | | | | | 34,253 | | | | | | 12,332 | | | | | | 8,619 | | | | | | 40,748 | | |
Interest expense | | | | | 837 | | | | | | 49 | | | | | | 54 | | | | | | 665 | | |
Total expenses | | | | | 3,364,688 | | | | | | 197,203 | | | | | | 210,572 | | | | | | 4,446,964 | | |
Waived and reimbursed fees | | | | | (271,676) | | | | | | (48,769) | | | | | | (53,907) | | | | | | (623,038) | | |
Net expenses | | | | | 3,093,012 | | | | | | 148,434 | | | | | | 156,665 | | | | | | 3,823,926 | | |
Net investment income | | | | | 8,867,115 | | | | | | 607,465 | | | | | | 658,737 | | | | | | 14,258,669 | | |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 17,247,598 | | | | | | 394,702 | | | | | | 214,185 | | | | | | 19,526,029 | | |
Sale of unaffiliated underlying funds | | | | | 1,204,052 | | | | | | 44,404 | | | | | | 30,580 | | | | | | 111,289 | | |
Capital gain distributions from affiliated underlying funds | | | | | 35,812,209 | | | | | | 847,532 | | | | | | 1,124,599 | | | | | | 34,655,725 | | |
Foreign currency related transactions | | | | | (5,552) | | | | | | (18) | | | | | | — | | | | | | (7,303) | | |
Futures | | | | | (1,068,080) | | | | | | (43,355) | | | | | | — | | | | | | (1,335,881) | | |
Net realized gain | | | | | 53,190,227 | | | | | | 1,243,265 | | | | | | 1,369,364 | | | | | | 52,949,859 | | |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (113,123,582) | | | | | | (2,995,183) | | | | | | (3,304,819) | | | | | | (110,955,536) | | |
Unaffiliated underlying funds | | | | | (6,104,562) | | | | | | (132,465) | | | | | | (174,947) | | | | | | (4,397,989) | | |
Foreign currency related transactions | | | | | (1,053) | | | | | | (47) | | | | | | — | | | | | | (1,360) | | |
Futures | | | | | (14,660) | | | | | | (286) | | | | | | — | | | | | | 615,478 | | |
Net change in unrealized appreciation (depreciation) | | | | | (119,243,857) | | | | | | (3,127,981) | | | | | | (3,479,766) | | | | | | (114,739,407) | | |
Net realized and unrealized loss | | | | | (66,053,630) | | | | | | (1,884,716) | | | | | | (2,110,402) | | | | | | (61,789,548) | | |
Decrease in net assets resulting from operations | | | | $ | (57,186,515) | | | | | $ | (1,277,251) | | | | | $ | (1,451,665) | | | | | $ | (47,530,879) | | |
|
| | | Voya Solution 2030 Portfolio | | | Voya Solution 2035 Portfolio | | | Voya Solution 2040 Portfolio | | | Voya Solution 2045 Portfolio | | ||||||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest | | | | $ | — | | | | | $ | 14,085 | | | | | $ | — | | | | | $ | 12,617 | | |
Dividends from affiliated underlying funds | | | | | 634,440 | | | | | | 15,691,240 | | | | | | 454,287 | | | | | | 9,946,613 | | |
Dividends from unaffiliated underlying funds | | | | | 51,736 | | | | | | 1,204,294 | | | | | | 40,575 | | | | | | 955,231 | | |
Total investment income | | | | | 686,176 | | | | | | 16,909,619 | | | | | | 494,862 | | | | | | 10,914,461 | | |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | | | 69,436 | | | | | | 1,877,359 | | | | | | 55,691 | | | | | | 1,404,175 | | |
Distribution and shareholder service fees: | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | 66,164 | | | | | | 1,259,231 | | | | | | 46,686 | | | | | | 830,899 | | |
Class S | | | | | 25,980 | | | | | | 857,844 | | | | | | 19,161 | | | | | | 619,911 | | |
Class S2 | | | | | 2,000 | | | | | | 72,137 | | | | | | 3,575 | | | | | | 37,630 | | |
Class T | | | | | 132 | | | | | | 4,734 | | | | | | 146 | | | | | | 3,497 | | |
Transfer agent fees | | | | | 91 | | | | | | 1,501 | | | | | | 476 | | | | | | 987 | | |
Shareholder reporting expense | | | | | 4,519 | | | | | | 45,565 | | | | | | 3,592 | | | | | | 38,171 | | |
Professional fees | | | | | 13,163 | | | | | | 113,417 | | | | | | 10,949 | | | | | | 81,884 | | |
Custody and accounting expense | | | | | 2,022 | | | | | | 65,435 | | | | | | 5,416 | | | | | | 45,972 | | |
Directors fees | | | | | 1,296 | | | | | | 35,505 | | | | | | 1,036 | | | | | | 26,448 | | |
Miscellaneous expense | | | | | 8,941 | | | | | | 47,324 | | | | | | 9,984 | | | | | | 33,919 | | |
Interest expense | | | | | 50 | | | | | | 1,255 | | | | | | 45 | | | | | | 957 | | |
Total expenses | | | | | 193,794 | | | | | | 4,381,307 | | | | | | 156,757 | | | | | | 3,124,450 | | |
Waived and reimbursed fees | | | | | (47,147) | | | | | | (569,497) | | | | | | (45,460) | | | | | | (363,010) | | |
Net expenses | | | | | 146,647 | | | | | | 3,811,810 | | | | | | 111,297 | | | | | | 2,761,440 | | |
Net investment income | | | | | 539,529 | | | | | | 13,097,809 | | | | | | 383,565 | | | | | | 8,153,021 | | |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 822,445 | | | | | | 23,567,670 | | | | | | 649,160 | | | | | | 22,746,699 | | |
Sale of unaffiliated underlying funds | | | | | 17,258 | | | | | | 238,951 | | | | | | 17,528 | | | | | | 1,012,355 | | |
Capital gain distributions from affiliated underlying funds | | | | | 1,491,795 | | | | | | 44,661,784 | | | | | | 1,468,291 | | | | | | 37,360,407 | | |
Foreign currency related transactions | | | | | — | | | | | | (8,249) | | | | | | — | | | | | | (6,182) | | |
Futures | | | | | — | | | | | | (1,001,500) | | | | | | — | | | | | | (1,109,016) | | |
Net realized gain | | | | | 2,331,498 | | | | | | 67,458,656 | | | | | | 2,134,979 | | | | | | 60,004,263 | | |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (5,033,012) | | | | | | (145,590,174) | | | | | | (4,748,627) | | | | | | (127,396,873) | | |
Unaffiliated underlying funds | | | | | (265,460) | | | | | | (5,308,371) | | | | | | (204,313) | | | | | | (5,350,914) | | |
Foreign currency related transactions | | | | | — | | | | | | (1,370) | | | | | | — | | | | | | (1,016) | | |
Futures | | | | | — | | | | | | 298,116 | | | | | | — | | | | | | (6,726) | | |
Net change in unrealized appreciation (depreciation) | | | | | (5,298,472) | | | | | | (150,601,799) | | | | | | (4,952,940) | | | | | | (132,755,529) | | |
Net realized and unrealized loss | | | | | (2,966,974) | | | | | | (83,143,143) | | | | | | (2,817,961) | | | | | | (72,751,266) | | |
Decrease in net assets resulting from operations | | | | $ | (2,427,445) | | | | | $ | (70,045,334) | | | | | $ | (2,434,396) | | | | | $ | (64,598,245) | | |
|
| | | Voya Solution 2050 Portfolio | | | Voya Solution 2055 Portfolio | | | Voya Solution 2060 Portfolio | | |||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | |
Interest | | | | $ | — | | | | | $ | 2,724 | | | | | $ | — | | |
Dividends from affiliated underlying funds | | | | | 329,061 | | | | | | 2,761,777 | | | | | | 168,857 | | |
Dividends from unaffiliated underlying funds | | | | | 34,140 | | | | | | 272,500 | | | | | | 17,218 | | |
Total investment income | | | | | 363,201 | | | | | | 3,037,001 | | | | | | 186,075 | | |
EXPENSES: | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | | | 44,838 | | | | | | 395,666 | | | | | | 22,420 | | |
Distribution and shareholder service fees: | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | 42,616 | | | | | | 231,811 | | | | | | 21,585 | | |
Class S | | | | | 12,996 | | | | | | 138,762 | | | | | | 8,570 | | |
Class S2 | | | | | 1,652 | | | | | | 12,820 | | | | | | 891 | | |
Class T | | | | | 153 | | | | | | 199 | | | | | | 28 | | |
Transfer agent fees | | | | | 476 | | | | | | 1,502 | | | | | | 13 | | |
Shareholder reporting expense | | | | | 3,787 | | | | | | 15,330 | | | | | | 3,174 | | |
Professional fees | | | | | 10,484 | | | | | | 35,945 | | | | | | 9,281 | | |
Custody and accounting expense | | | | | 4,129 | | | | | | 12,045 | | | | | | 3,182 | | |
Directors fees | | | | | 837 | | | | | | 7,458 | | | | | | 419 | | |
Miscellaneous expense | | | | | 10,119 | | | | | | 14,182 | | | | | | 9,786 | | |
Interest expense | | | | | 27 | | | | | | 143 | | | | | | 19 | | |
Total expenses | | | | | 132,114 | | | | | | 865,863 | | | | | | 79,368 | | |
Waived and reimbursed fees | | | | | (36,857) | | | | | | (143,560) | | | | | | (28,347) | | |
Net expenses | | | | | 95,257 | | | | | | 722,303 | | | | | | 51,021 | | |
Net investment income | | | | | 267,944 | | | | | | 2,314,698 | | | | | | 135,054 | | |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 526,437 | | | | | | 8,211,401 | | | | | | 158,865 | | |
Sale of unaffiliated underlying funds | | | | | 10,247 | | | | | | 203,574 | | | | | | 2,055 | | |
Capital gain distributions from affiliated underlying funds | | | | | 1,258,535 | | | | | | 10,872,010 | | | | | | 649,032 | | |
Foreign currency related transactions | | | | | — | | | | | ��� | (1,788) | | | | | | — | | |
Futures | | | | | — | | | | | | (293,324) | | | | | | — | | |
Net realized gain | | | | | 1,795,219 | | | | | | 18,991,873 | | | | | | 809,952 | | |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (4,346,417) | | | | | | (39,641,836) | | | | | | (2,120,766) | | |
Unaffiliated underlying funds | | | | | (181,604) | | | | | | (1,469,968) | | | | | | (87,694) | | |
Foreign currency related transactions | | | | | — | | | | | | (269) | | | | | | — | | |
Futures | | | | | — | | | | | | 4,350 | | | | | | — | | |
Net change in unrealized appreciation (depreciation) | | | | | (4,528,021) | | | | | | (41,107,723) | | | | | | (2,208,460) | | |
Net realized and unrealized loss | | | | | (2,732,802) | | | | | | (22,115,850) | | | | | | (1,398,508) | | |
Decrease in net assets resulting from operations | | | | $ | (2,464,858) | | | | | $ | (19,801,152) | | | | | $ | (1,263,454) | | |
|
| | | Voya Solution Aggressive Portfolio | | | Voya Solution Balanced Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 169,752 | | | | | $ | 124,521 | | | | | $ | 959,931 | | | | | $ | 875,157 | | |
Net realized gain | | | | | 1,576,230 | | | | | | 715,217 | | | | | | 3,872,596 | | | | | | 2,102,982 | | |
Net change in unrealized appreciation (depreciation) | | | | | (3,494,835) | | | | | | 1,250,321 | | | | | | (8,448,748) | | | | | | 4,560,262 | | |
Increase (decrease) in net assets resulting from operations | | | | | (1,748,853) | | | | | | 2,090,059 | | | | | | (3,616,221) | | | | | | 7,538,401 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (167,121) | | | | | | (49,395) | | | | | | (812,200) | | | | | | (523,604) | | |
Class I | | | | | (24,011) | | | | | | (7,113) | | | | | | (226,396) | | | | | | (145,042) | | |
Class R6 | | | | | (342,563) | | | | | | (69,168) | | | | | | (779,855) | | | | | | (280,397) | | |
Class S | | | | | (223,244) | | | | | | (80,515) | | | | | | (1,182,749) | | | | | | (740,591) | | |
Class S2 | | | | | (41,710) | | | | | | (10,637) | | | | | | (46,374) | | | | | | (57,444) | | |
Total distributions | | | | | (798,649) | | | | | | (216,828) | | | | | | (3,047,574) | | | | | | (1,747,078) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 6,723,890 | | | | | | 7,019,835 | | | | | | 9,220,060 | | | | | | 18,408,524 | | |
Reinvestment of distributions | | | | | 798,649 | | | | | | 216,828 | | | | | | 3,047,574 | | | | | | 1,747,078 | | |
| | | | | 7,522,539 | | | | | | 7,236,663 | | | | | | 12,267,634 | | | | | | 20,155,602 | | |
Cost of shares redeemed | | | | | (4,299,523) | | | | | | (3,015,037) | | | | | | (18,501,563) | | | | | | (12,907,802) | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | 3,223,016 | | | | | | 4,221,626 | | | | | | (6,233,929) | | | | | | 7,247,800 | | |
Net increase (decrease) in net assets | | | | | 675,514 | | | | | | 6,094,857 | | | | | | (12,897,724) | | | | | | 13,039,123 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 13,907,454 | | | | | | 7,812,597 | | | | | | 62,757,879 | | | | | | 49,718,756 | | |
End of year or period | | | | $ | 14,582,968 | | | | | $ | 13,907,454 | | | | | $ | 49,860,155 | | | | | $ | 62,757,879 | | |
|
| | | Voya Solution Conservative Portfolio | | | Voya Solution Income Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 345,692 | | | | | $ | 324,400 | | | | | $ | 7,782,605 | | | | | $ | 8,167,015 | | |
Net realized gain | | | | | 265,842 | | | | | | 380,574 | | | | | | 11,594,330 | | | | | | 11,023,310 | | |
Net change in unrealized appreciation (depreciation) | | | | | (982,628) | | | | | | 435,526 | | | | | | (31,014,421) | | | | | | 22,036,758 | | |
Increase (decrease) in net assets resulting from operations | | | | | (371,094) | | | | | | 1,140,500 | | | | | | (11,637,486) | | | | | | 41,227,083 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (296,058) | | | | | | (221,013) | | | | | | (7,801,121) | | | | | | (4,352,673) | | |
Class I | | | | | (5,173) | | | | | | (2,371) | | | | | | (4,124,148) | | | | | | (2,469,954) | | |
Class R6 | | | | | (156,288) | | | | | | (65,547) | | | | | | — | | | | | | — | | |
Class S | | | | | (133,797) | | | | | | (132,986) | | | | | | (6,606,738) | | | | | | (4,218,149) | | |
Class S2 | | | | | (15,913) | | | | | | (16,974) | | | | | | (296,031) | | | | | | (243,203) | | |
Class T | | | | | — | | | | | | — | | | | | | (9,336) | | | | | | (2,808) | | |
Total distributions | | | | | (607,229) | | | | | | (438,891) | | | | | | (18,837,374) | | | | | | (11,286,787) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 5,508,633 | | | | | | 5,302,856 | | | | | | 29,428,011 | | | | | | 25,934,613 | | |
Reinvestment of distributions | | | | | 607,229 | | | | | | 438,891 | | | | | | 18,837,374 | | | | | | 11,286,787 | | |
| | | | | 6,115,862 | | | | | | 5,741,747 | | | | | | 48,265,385 | | | | | | 37,221,400 | | |
Cost of shares redeemed | | | | | (4,618,096) | | | | | | (6,143,731) | | | | | | (102,355,652) | | | | | | (119,171,815) | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | 1,497,766 | | | | | | (401,984) | | | | | | (54,090,267) | | | | | | (81,950,415) | | |
Net increase (decrease) in net assets | | | | | 519,443 | | | | | | 299,625 | | | | | | (84,565,127) | | | | | | (52,010,119) | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 16,669,228 | | | | | | 16,369,603 | | | | | | 433,657,538 | | | | | | 485,667,657 | | |
End of year or period | | | | $ | 17,188,671 | | | | | $ | 16,669,228 | | | | | $ | 349,092,411 | | | | | $ | 433,657,538 | | |
|
| | | Voya Solution Moderately Aggressive Portfolio | | | Voya Solution Moderately Conservative Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 8,867,115 | | | | | $ | 9,061,463 | | | | | $ | 607,465 | | | | | $ | 579,316 | | |
Net realized gain | | | | | 53,190,227 | | | | | | 32,520,844 | | | | | | 1,243,265 | | | | | | 1,120,837 | | |
Net change in unrealized appreciation (depreciation) | | | | | (119,243,857) | | | | | | 76,526,187 | | | | | | (3,127,981) | | | | | | 1,586,763 | | |
Increase (decrease) in net assets resulting from operations | | | | | (57,186,515) | | | | | | 118,108,494 | | | | | | (1,277,251) | | | | | | 3,286,916 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (1,511,112) | | | | | | (597,996) | | | | | | (470,405) | | | | | | (196,049) | | |
Class I | | | | | (276,815) | | | | | | (140,076) | | | | | | (1,336) | | | | | | (636) | | |
Class R6 | | | | | (747,524) | | | | | | (123,843) | | | | | | (154,704) | | | | | | (30,444) | | |
Class S | | | | | (39,199,340) | | | | | | (16,695,746) | | | | | | (677,443) | | | | | | (445,570) | | |
Class S2 | | | | | (49,430) | | | | | | (38,327) | | | | | | (42,435) | | | | | | (20,307) | | |
Total distributions | | | | | (41,784,221) | | | | | | (17,595,988) | | | | | | (1,346,323) | | | | | | (693,006) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 15,378,740 | | | | | | 17,669,067 | | | | | | 5,628,956 | | | | | | 6,018,372 | | |
Reinvestment of distributions | | | | | 41,784,221 | | | | | | 17,595,988 | | | | | | 1,346,323 | | | | | | 693,006 | | |
| | | | | 57,162,961 | | | | | | 35,265,055 | | | | | | 6,975,279 | | | | | | 6,711,378 | | |
Cost of shares redeemed | | | | | (108,232,093) | | | | | | (115,212,536) | | | | | | (7,462,988) | | | | | | (13,360,522) | | |
Net decrease in net assets resulting from capital share transactions | | | | | (51,069,132) | | | | | | (79,947,481) | | | | | | (487,709) | | | | | | (6,649,144) | | |
Net increase (decrease) in net assets | | | | | (150,039,868) | | | | | | 20,565,025 | | | | | | (3,111,283) | | | | | | (4,055,234) | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 713,761,541 | | | | | | 693,196,516 | | | | | | 31,479,706 | | | | | | 35,534,940 | | |
End of year or period | | | | $ | 563,721,673 | | | | | $ | 713,761,541 | | | | | $ | 28,368,423 | | | | | $ | 31,479,706 | | |
|
| | | Voya Solution 2020 Portfolio | | | Voya Solution 2025 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 658,737 | | | | | $ | 500,072 | | | | | $ | 14,258,669 | | | | | $ | 14,523,452 | | |
Net realized gain | | | | | 1,369,364 | | | | | | 1,769,830 | | | | | | 52,949,859 | | | | | | 31,443,349 | | |
Net change in unrealized appreciation (depreciation) | | | | | (3,479,766) | | | | | | 998,920 | | | | | | (114,739,407) | | | | | | 83,828,725 | | |
Increase (decrease) in net assets resulting from operations | | | | | (1,451,665) | | | | | | 3,268,822 | | | | | | (47,530,879) | | | | | | 129,795,526 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (931,748) | | | | | | (396,415) | | | | | | (13,857,311) | | | | | | (13,271,197) | | |
Class I | | | | | (428,868) | | | | | | (253,164) | | | | | | (12,546,303) | | | | | | (11,049,676) | | |
Class S | | | | | (770,382) | | | | | | (248,497) | | | | | | (16,776,054) | | | | | | (16,763,871) | | |
Class S2 | | | | | (34,283) | | | | | | (8,255) | | | | | | (620,761) | | | | | | (884,699) | | |
Class T | | | | | (747) | | | | | | (277) | | | | | | (35,881) | | | | | | (30,671) | | |
Total distributions | | | | | (2,166,028) | | | | | | (906,608) | | | | | | (43,836,310) | | | | | | (42,000,114) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 20,253,220 | | | | | | 17,793,238 | | | | | | 82,503,481 | | | | | | 82,645,520 | | |
Reinvestment of distributions | | | | | 2,165,784 | | | | | | 906,491 | | | | | | 43,836,310 | | | | | | 42,000,114 | | |
| | | | | 22,419,004 | | | | | | 18,699,729 | | | | | | 126,339,791 | | | | | | 124,645,634 | | |
Cost of shares redeemed | | | | | (18,234,874) | | | | | | (9,923,346) | | | | | | (184,888,030) | | | | | | (187,468,620) | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | 4,184,130 | | | | | | 8,776,383 | | | | | | (58,548,239) | | | | | | (62,822,986) | | |
Net increase (decrease) in net assets | | | | | 566,437 | | | | | | 11,138,597 | | | | | | (149,915,428) | | | | | | 24,972,426 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 33,315,277 | | | | | | 22,176,680 | | | | | | 921,001,710 | | | | | | 896,029,284 | | |
End of year or period | | | | $ | 33,881,714 | | | | | $ | 33,315,277 | | | | | $ | 771,086,282 | | | | | $ | 921,001,710 | | |
|
| | | Voya Solution 2030 Portfolio | | | Voya Solution 2035 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 539,529 | | | | | $ | 399,979 | | | | | $ | 13,097,809 | | | | | $ | 12,320,227 | | |
Net realized gain | | | | | 2,331,498 | | | | | | 1,771,278 | | | | | | 67,458,656 | | | | | | 38,919,009 | | |
Net change in unrealized appreciation (depreciation) | | | | | (5,298,472) | | | | | | 1,535,660 | | | | | | (150,601,799) | | | | | | 107,162,691 | | |
Increase (decrease) in net assets resulting from operations | | | | | (2,427,445) | | | | | | 3,706,917 | | | | | | (70,045,334) | | | | | | 158,401,927 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (858,857) | | | | | | (262,588) | | | | | | (14,092,763) | | | | | | (10,342,734) | | |
Class I | | | | | (505,749) | | | | | | (156,095) | | | | | | (16,103,710) | | | | | | (10,920,365) | | |
Class S | | | | | (722,379) | | | | | | (161,549) | | | | | | (19,502,295) | | | | | | (14,669,220) | | |
Class S2 | | | | | (38,574) | | | | | | (7,188) | | | | | | (1,008,708) | | | | | | (836,208) | | |
Class T | | | | | (1,309) | | | | | | (249) | | | | | | (36,315) | | | | | | (25,192) | | |
Total distributions | | | | | (2,126,868) | | | | | | (587,669) | | | | | | (50,743,791) | | | | | | (36,793,719) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 18,010,189 | | | | | | 20,544,004 | | | | | | 86,959,754 | | | | | | 79,749,603 | | |
Reinvestment of distributions | | | | | 2,126,546 | | | | | | 587,571 | | | | | | 50,743,791 | | | | | | 36,793,719 | | |
| | | | | 20,136,735 | | | | | | 21,131,575 | | | | | | 137,703,545 | | | | | | 116,543,322 | | |
Cost of shares redeemed | | | | | (15,873,573) | | | | | | (7,855,628) | | | | | | (175,268,927) | | | | | | (161,532,032) | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | 4,263,162 | | | | | | 13,275,947 | | | | | | (37,565,382) | | | | | | (44,988,710) | | |
Net increase (decrease) in net assets | | | | | (291,151) | | | | | | 16,395,195 | | | | | | (158,354,507) | | | | | | 76,619,498 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 31,301,639 | | | | | | 14,906,444 | | | | | | 930,528,196 | | | | | | 853,908,698 | | |
End of year or period | | | | $ | 31,010,488 | | | | | $ | 31,301,639 | | | | | $ | 772,173,689 | | | | | $ | 930,528,196 | | |
|
| | | Voya Solution 2040 Portfolio | | | Voya Solution 2045 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 383,565 | | | | | $ | 280,413 | | | | | $ | 8,153,021 | | | | | $ | 7,387,993 | | |
Net realized gain | | | | | 2,134,979 | | | | | | 1,854,789 | | | | | | 60,004,263 | | | | | | 33,308,471 | | |
Net change in unrealized appreciation (depreciation) | | | | | (4,952,940) | | | | | | 1,412,566 | | | | | | (132,755,529) | | | | | | 85,323,136 | | |
Increase (decrease) in net assets resulting from operations | | | | | (2,434,396) | | | | | | 3,547,768 | | | | | | (64,598,245) | | | | | | 126,019,600 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (781,717) | | | | | | (170,047) | | | | | | (10,228,294) | | | | | | (6,243,500) | | |
Class I | | | | | (556,292) | | | | | | (150,736) | | | | | | (15,367,932) | | | | | | (8,340,738) | | |
Class S | | | | | (648,392) | | | | | | (144,738) | | | | | | (15,247,200) | | | | | | (9,641,941) | | |
Class S2 | | | | | (78,518) | | | | | | (12,471) | | | | | | (561,006) | | | | | | (478,768) | | |
Class T | | | | | (1,780) | | | | | | (309) | | | | | | (30,897) | | | | | | (16,349) | | |
Total distributions | | | | | (2,066,699) | | | | | | (478,301) | | | | | | (41,435,329) | | | | | | (24,721,296) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 13,911,630 | | | | | | 17,122,504 | | | | | | 76,101,343 | | | | | | 72,557,426 | | |
Reinvestment of distributions | | | | | 2,066,285 | | | | | | 478,199 | | | | | | 41,435,329 | | | | | | 24,721,296 | | |
| | | | | 15,977,915 | | | | | | 17,600,703 | | | | | | 117,536,672 | | | | | | 97,278,722 | | |
Cost of shares redeemed | | | | | (11,005,137) | | | | | | (7,945,866) | | | | | | (140,273,180) | | | | | | (123,812,716) | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | 4,972,778 | | | | | | 9,654,837 | | | | | | (22,736,508) | | | | | | (26,533,994) | | |
Net increase (decrease) in net assets | | | | | 471,683 | | | | | | 12,724,304 | | | | | | (128,770,082) | | | | | | 74,764,310 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 23,920,694 | | | | | | 11,196,390 | | | | | | 692,676,675 | | | | | | 617,912,365 | | |
End of year or period | | | | $ | 24,392,377 | | | | | $ | 23,920,694 | | | | | $ | 563,906,593 | | | | | $ | 692,676,675 | | |
|
| | | Voya Solution 2050 Portfolio | | | Voya Solution 2055 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 267,944 | | | | | $ | 165,493 | | | | | $ | 2,314,698 | | | | | $ | 1,824,346 | | |
Net realized gain | | | | | 1,795,219 | | | | | | 1,036,421 | | | | | | 18,991,873 | | | | | | 6,813,822 | | |
Net change in unrealized appreciation (depreciation) | | | | | (4,528,021) | | | | | | 1,150,898 | | | | | | (41,107,723) | | | | | | 22,866,259 | | |
Increase (decrease) in net assets resulting from operations | | | | | (2,464,858) | | | | | | 2,352,812 | | | | | | (19,801,152) | | | | | | 31,504,427 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (489,007) | | | | | | (104,813) | | | | | | (2,141,118) | | | | | | (1,246,472) | | |
Class I | | | | | (359,200) | | | | | | (90,649) | | | | | | (4,093,046) | | | | | | (1,945,879) | | |
Class S | | | | | (304,081) | | | | | | (68,182) | | | | | | (2,589,944) | | | | | | (1,581,186) | | |
Class S2 | | | | | (22,915) | | | | | | (4,960) | | | | | | (152,185) | | | | | | (92,706) | | |
Class T | | | | | (1,004) | | | | | | (182) | | | | | | (983) | | | | | | (702) | | |
Total distributions | | | | | (1,176,207) | | | | | | (268,786) | | | | | | (8,977,276) | | | | | | (4,866,945) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 14,485,321 | | | | | | 11,743,400 | | | | | | 48,936,952 | | | | | | 44,087,327 | | |
Reinvestment of distributions | | | | | 1,175,917 | | | | | | 268,702 | | | | | | 8,977,276 | | | | | | 4,866,945 | | |
| | | | | 15,661,238 | | | | | | 12,012,102 | | | | | | 57,914,228 | | | | | | 48,954,272 | | |
Cost of shares redeemed | | | | | (9,142,136) | | | | | | (3,438,140) | | | | | | (42,498,607) | | | | | | (34,458,608) | | |
Net increase in net assets resulting from capital share transactions | | | | | 6,519,102 | | | | | | 8,573,962 | | | | | | 15,415,621 | | | | | | 14,495,664 | | |
Net increase (decrease) in net assets | | | | | 2,878,037 | | | | | | 10,657,988 | | | | | | (13,362,807) | | | | | | 41,133,146 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 17,441,760 | | | | | | 6,783,772 | | | | | | 182,759,545 | | | | | | 141,626,399 | | |
End of year or period | | | | $ | 20,319,797 | | | | | $ | 17,441,760 | | | | | $ | 169,396,738 | | | | | $ | 182,759,545 | | |
|
| | | Voya Solution 2060 Portfolio | | |||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||
FROM OPERATIONS: | | | | | | | | | | | | | |
Net investment income | | | | $ | 135,054 | | | | | $ | 76,188 | | |
Net realized gain | | | | | 809,952 | | | | | | 539,173 | | |
Net change in unrealized appreciation (depreciation) | | | | | (2,208,460) | | | | | | 470,914 | | |
Increase (decrease) in net assets resulting from operations | | | | | (1,263,454) | | | | | | 1,086,275 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | |
Class ADV | | | | | (257,511) | | | | | | (44,610) | | |
Class I | | | | | (126,662) | | | | | | (32,383) | | |
Class S | | | | | (205,097) | | | | | | (53,670) | | |
Class S2 | | | | | (13,337) | | | | | | (2,093) | | |
Class T | | | | | (197) | | | | | | (62) | | |
Total distributions | | | | | (602,804) | | | | | | (132,818) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 8,221,311 | | | | | | 6,667,962 | | |
Reinvestment of distributions | | | | | 602,804 | | | | | | 132,818 | | |
| | | | | 8,824,115 | | | | | | 6,800,780 | | |
Cost of shares redeemed | | | | | (4,474,377) | | | | | | (2,255,044) | | |
Net increase in net assets resulting from capital share transactions | | | | | 4,349,738 | | | | | | 4,545,736 | | |
Net increase in net assets | | | | | 2,483,480 | | | | | | 5,499,193 | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of year or period | | | | | 8,370,701 | | | | | | 2,871,508 | | |
End of year or period | | | | $ | 10,854,181 | | | | | $ | 8,370,701 | | |
|
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution Aggressive Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.56 | | | | | | 0.10 | | | | | | (1.53) | | | | | | (1.43) | | | | | | 0.11 | | | | | | 0.55 | | | | | | — | | | | | | 0.66 | | | | | | — | | | | | | 11.47 | | | | | | (11.18) | | | | | �� | 0.90 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 0.79 | | | | | | 3,159 | | | | | | 79 | | |
12-31-17 | | | | | 11.33 | | | | | | 0.11• | | | | | | 2.34 | | | | | | 2.45 | | | | | | 0.05 | | | | | | 0.17 | | | | | | — | | | | | | 0.22 | | | | | | — | | | | | | 13.56 | | | | | | 21.71 | | | | | | 0.91 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.85 | | | | | | 3,467 | | | | | | 52 | | |
12-31-16 | | | | | 11.35 | | | | | | 0.08 | | | | | | 0.63 | | | | | | 0.71 | | | | | | 0.12 | | | | | | 0.61 | | | | | | — | | | | | | 0.73 | | | | | | — | | | | | | 11.33 | | | | | | 6.41 | | | | | | 1.04 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 0.77 | | | | | | 2,520 | | | | | | 61 | | |
12-31-15 | | | | | 12.13 | | | | | | 0.06• | | | | | | (0.19) | | | | | | (0.13) | | | | | | 0.21 | | | | | | 0.44 | | | | | | — | | | | | | 0.65 | | | | | | — | | | | | | 11.35 | | | | | | (1.32) | | | | | | 0.94 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 0.53 | | | | | | 2,383 | | | | | | 78 | | |
12-31-14 | | | | | 11.55 | | | | | | 0.13• | | | | | | 0.57 | | | | | | 0.70 | | | | | | 0.06 | | | | | | 0.06 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 12.13 | | | | | | 6.10 | | | | | | 1.26 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 1.12 | | | | | | 2,180 | | | | | | 70 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.85 | | | | | | 0.16• | | | | | | (1.55) | | | | | | (1.39) | | | | | | 0.17 | | | | | | 0.55 | | | | | | — | | | | | | 0.72 | | | | | | — | | | | | | 11.74 | | | | | | (10.72) | | | | | | 0.40 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.17 | | | | | | 325 | | | | | | 79 | | |
12-31-17 | | | | | 11.56 | | | | | | 0.18• | | | | | | 2.38 | | | | | | 2.56 | | | | | | 0.10 | | | | | | 0.17 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 13.85 | | | | | | 22.28 | | | | | | 0.41 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.41 | | | | | | 444 | | | | | | 52 | | |
12-31-16 | | | | | 11.57 | | | | | | 0.17• | | | | | | 0.61 | | | | | | 0.78 | | | | | | 0.18 | | | | | | 0.61 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 11.56 | | | | | | 6.93 | | | | | | 0.54 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.53 | | | | | | 258 | | | | | | 61 | | |
12-31-15 | | | | | 12.32 | | | | | | 0.19• | | | | | | (0.26) | | | | | | (0.07) | | | | | | 0.24 | | | | | | 0.44 | | | | | | — | | | | | | 0.68 | | | | | | — | | | | | | 11.57 | | | | | | (0.83) | | | | | | 0.44 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.56 | | | | | | 138 | | | | | | 78 | | |
12-31-14 | | | | | 11.65 | | | | | | 0.24• | | | | | | 0.52 | | | | | | 0.76 | | | | | | 0.03 | | | | | | 0.06 | | | | | | — | | | | | | 0.09 | | | | | | — | | | | | | 12.32 | | | | | | 6.56 | | | | | | 0.76 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 2.01 | | | | | | 12 | | | | | | 70 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.85 | | | | | | 0.19• | | | | | | (1.58) | | | | | | (1.39) | | | | | | 0.17 | | | | | | 0.55 | | | | | | — | | | | | | 0.72 | | | | | | — | | | | | | 11.74 | | | | | | (10.72) | | | | | | 0.40 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.42 | | | | | | 7,177 | | | | | | 79 | | |
12-31-17 | | | | | 11.56 | | | | | | 0.24• | | | | | | 2.32 | | | | | | 2.56 | | | | | | 0.10 | | | | | | 0.17 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 13.85 | | | | | | 22.28 | | | | | | 0.41 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.82 | | | | | | 5,015 | | | | | | 52 | | |
05-02-16(5) - 12-31-16 | | | | | 11.66 | | | | | | 0.44• | | | | | | 0.25 | | | | | | 0.69 | | | | | | 0.18 | | | | | | 0.61 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 11.56 | | | | | | 6.11 | | | | | | 0.54 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 5.93 | | | | | | 659 | | | | | | 61 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.69 | | | | | | 0.12• | | | | | | (1.52) | | | | | | (1.40) | | | | | | 0.14 | | | | | | 0.55 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 11.60 | | | | | | (10.91) | | | | | | 0.65 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 0.93 | | | | | | 3,123 | | | | | | 79 | | |
12-31-17 | | | | | 11.44 | | | | | | 0.12• | | | | | | 2.37 | | | | | | 2.49 | | | | | | 0.07 | | | | | | 0.17 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 13.69 | | | | | | 21.92 | | | | | | 0.66 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 0.99 | | | | | | 4,300 | | | | | | 52 | | |
12-31-16 | | | | | 11.46 | | | | | | 0.12• | | | | | | 0.63 | | | | | | 0.75 | | | | | | 0.16 | | | | | | 0.61 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 11.44 | | | | | | 6.75 | | | | | | 0.79 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.08 | | | | | | 3,954 | | | | | | 61 | | |
12-31-15 | | | | | 12.23 | | | | | | 0.13• | | | | | | (0.23) | | | | | | (0.10) | | | | | | 0.23 | | | | | | 0.44 | | | | | | — | | | | | | 0.67 | | | | | | — | | | | | | 11.46 | | | | | | (1.12) | | | | | | 0.69 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.04 | | | | | | 2,417 | | | | | | 78 | | |
12-31-14 | | | | | 11.63 | | | | | | 0.11• | | | | | | 0.61 | | | | | | 0.72 | | | | | | 0.06 | | | | | | 0.06 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 12.23 | | | | | | 6.25 | | | | | | 1.01 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 0.92 | | | | | | 1,395 | | | | | | 70 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.52 | | | | | | 0.13• | | | | | | (1.54) | | | | | | (1.41) | | | | | | 0.13 | | | | | | 0.55 | | | | | | — | | | | | | 0.68 | | | | | | — | | | | | | 11.43 | | | | | | (11.08) | | | | | | 0.80 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 0.96 | | | | | | 800 | | | | | | 79 | | |
12-31-17 | | | | | 11.32 | | | | | | 0.12• | | | | | | 2.32 | | | | | | 2.44 | | | | | | 0.07 | | | | | | 0.17 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 13.52 | | | | | | 21.71 | | | | | | 0.81 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 0.99 | | | | | | 681 | | | | | | 52 | | |
12-31-16 | | | | | 11.36 | | | | | | 0.13• | | | | | | 0.60 | | | | | | 0.73 | | | | | | 0.16 | | | | | | 0.61 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 11.32 | | | | | | 6.57 | | | | | | 0.97 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.15 | | | | | | 422 | | | | | | 61 | | |
12-31-15 | | | | | 12.14 | | | | | | 0.11• | | | | | | (0.22) | | | | | | (0.11) | | | | | | 0.23 | | | | | | 0.44 | | | | | | — | | | | | | 0.67 | | | | | | — | | | | | | 11.36 | | | | | | (1.20) | | | | | | 0.94 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 0.93 | | | | | | 169 | | | | | | 78 | | |
12-31-14 | | | | | 11.56 | | | | | | 0.18• | | | | | | 0.51 | | | | | | 0.69 | | | | | | 0.05 | | | | | | 0.06 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 12.14 | | | | | | 6.04 | | | | | | 1.26 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.54 | | | | | | 78 | | | | | | 70 | | |
Voya Solution Balanced Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.08 | | | | | | 0.14• | | | | | | (0.80) | | | | | | (0.66) | | | | | | 0.16 | | | | | | 0.37 | | | | | | — | | | | | | 0.53 | | | | | | — | | | | | | 8.89 | | | | | | (6.98) | | | | | | 0.80 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 1.39 | | | | | | 11,984 | | | | | | 60 | | |
12-31-17 | | | | | 9.06 | | | | | | 0.13• | | | | | | 1.16 | | | | | | 1.29 | | | | | | 0.11 | | | | | | 0.16 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 10.08 | | | | | | 14.46 | | | | | | 0.78 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.32 | | | | | | 19,020 | | | | | | 48 | | |
12-31-16 | | | | | 9.39 | | | | | | 0.12• | | | | | | 0.44 | | | | | | 0.56 | | | | | | 0.20 | | | | | | 0.69 | | | | | | — | | | | | | 0.89 | | | | | | — | | | | | | 9.06 | | | | | | 6.08 | | | | | | 0.78 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.25 | | | | | | 18,215 | | | | | | 78 | | |
12-31-15 | | | | | 10.57 | | | | | | 0.10• | | | | | | (0.14) | | | | | | (0.04) | | | | | | 0.28 | | | | | | 0.86 | | | | | | — | | | | | | 1.14 | | | | | | — | | | | | | 9.39 | | | | | | (0.72) | | | | | | 0.78 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 0.97 | | | | | | 25,079 | | | | | | 49 | | |
12-31-14 | | | | | 10.88 | | | | | | 0.12 | | | | | | 0.52 | | | | | | 0.64 | | | | | | 0.20 | | | | | | 0.75 | | | | | | — | | | | | | 0.95 | | | | | | — | | | | | | 10.57 | | | | | | 6.14 | | | | | | 0.78 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.09 | | | | | | 28,237 | | | | | | 61 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution Balanced Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.45 | | | | | | 0.20• | | | | | | (0.82) | | | | | | (0.62) | | | | | | 0.22 | | | | | | 0.37 | | | | | | — | | | | | | 0.59 | | | | | | — | | | | | | 9.24 | | | | | | (6.38) | | | | | | 0.30 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.97 | | | | | | 3,689 | | | | | | 60 | | |
12-31-17 | | | | | 9.40 | | | | | | 0.21• | | | | | | 1.17 | | | | | | 1.38 | | | | | | 0.17 | | | | | | 0.16 | | | | | | — | | | | | | 0.33 | | | | | | — | | | | | | 10.45 | | | | | | 14.89 | | | | | | 0.28 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 2.06 | | | | | | 4,683 | | | | | | 48 | | |
12-31-16 | | | | | 9.72 | | | | | | 0.28• | | | | | | 0.35 | | | | | | 0.63 | | | | | | 0.26 | | | | | | 0.69 | | | | | | — | | | | | | 0.95 | | | | | | — | | | | | | 9.40 | | | | | | 6.69 | | | | | | 0.28 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 3.03 | | | | | | 2,092 | | | | | | 78 | | |
12-31-15 | | | | | 10.90 | | | | | | 0.18• | | | | | | (0.16) | | | | | | 0.02 | | | | | | 0.34 | | | | | | 0.86 | | | | | | — | | | | | | 1.20 | | | | | | — | | | | | | 9.72 | | | | | | (0.19) | | | | | | 0.28 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 1.72 | | | | | | 59 | | | | | | 49 | | |
12-31-14 | | | | | 11.19 | | | | | | 0.27• | | | | | | 0.45 | | | | | | 0.72 | | | | | | 0.26 | | | | | | 0.75 | | | | | | — | | | | | | 1.01 | | | | | | — | | | | | | 10.90 | | | | | | 6.66 | | | | | | 0.28 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.53 | | | | | | 23 | | | | | | 61 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.45 | | | | | | 0.18 | | | | | | (0.80) | | | | | | (0.62) | | | | | | 0.22 | | | | | | 0.37 | | | | | | — | | | | | | 0.59 | | | | | | — | | | | | | 9.24 | | | | | | (6.38) | | | | | | 0.30 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 2.00 | | | | | | 13,738 | | | | | | 60 | | |
12-31-17 | | | | | 9.39 | | | | | | 0.22• | | | | | | 1.17 | | | | | | 1.39 | | | | | | 0.17 | | | | | | 0.16 | | | | | | — | | | | | | 0.33 | | | | | | — | | | | | | 10.45 | | | | | | 15.01 | | | | | | 0.28 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 2.20 | | | | | | 13,145 | | | | | | 48 | | |
05-02-16(5) - 12-31-16 | | | | | 9.89 | | | | | | 0.23• | | | | | | 0.22 | | | | | | 0.45 | | | | | | 0.26 | | | | | | 0.69 | | | | | | — | | | | | | 0.95 | | | | | | — | | | | | | 9.39 | | | | | | 4.75 | | | | | | 0.28 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 3.74 | | | | | | 2,412 | | | | | | 78 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.21 | | | | | | 0.17• | | | | | | (0.81) | | | | | | (0.64) | | | | | | 0.19 | | | | | | 0.37 | | | | | | — | | | | | | 0.56 | | | | | | — | | | | | | 9.01 | | | | | | (6.70) | | | | | | 0.55 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.69 | | | | | | 19,594 | | | | | | 60 | | |
12-31-17 | | | | | 9.18 | | | | | | 0.15• | | | | | | 1.19 | | | | | | 1.34 | | | | | | 0.15 | | | | | | 0.16 | | | | | | — | | | | | | 0.31 | | | | | | — | | | | | | 10.21 | | | | | | 14.75 | | | | | | 0.53 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.54 | | | | | | 23,906 | | | | | | 48 | | |
12-31-16 | | | | | 9.52 | | | | | | 0.16 | | | | | | 0.43 | | | | | | 0.59 | | | | | | 0.24 | | | | | | 0.69 | | | | | | — | | | | | | 0.93 | | | | | | — | | | | | | 9.18 | | | | | | 6.32 | | | | | | 0.53 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.63 | | | | | | 25,331 | | | | | | 78 | | |
12-31-15 | | | | | 10.70 | | | | | | 0.13 | | | | | | (0.14) | | | | | | (0.01) | | | | | | 0.31 | | | | | | 0.86 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 9.52 | | | | | | (0.46) | | | | | | 0.53 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.28 | | | | | | 22,552 | | | | | | 49 | | |
12-31-14 | | | | | 11.01 | | | | | | 0.16 | | | | | | 0.51 | | | | | | 0.67 | | | | | | 0.23 | | | | | | 0.75 | | | | | | — | | | | | | 0.98 | | | | | | — | | | | | | 10.70 | | | | | | 6.34 | | | | | | 0.53 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.35 | | | | | | 23,128 | | | | | | 61 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.17 | | | | | | 0.13• | | | | | | (0.79) | | | | | | (0.66) | | | | | | 0.14 | | | | | | 0.37 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 9.00 | | | | | | (6.89) | | | | | | 0.70 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 1.30 | | | | | | 856 | | | | | | 60 | | |
12-31-17 | | | | | 9.16 | | | | | | 0.14• | | | | | | 1.18 | | | | | | 1.32 | | | | | | 0.15 | | | | | | 0.16 | | | | | | — | | | | | | 0.31 | | | | | | — | | | | | | 10.17 | | | | | | 14.63 | | | | | | 0.68 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.43 | | | | | | 2,004 | | | | | | 48 | | |
12-31-16 | | | | | 9.50 | | | | | | 0.18• | | | | | | 0.39 | | | | | | 0.57 | | | | | | 0.22 | | | | | | 0.69 | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 9.16 | | | | | | 6.10 | | | | | | 0.71 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.96 | | | | | | 1,668 | | | | | | 78 | | |
12-31-15 | | | | | 10.67 | | | | | | 0.11• | | | | | | (0.13) | | | | | | (0.02) | | | | | | 0.29 | | | | | | 0.86 | | | | | | — | | | | | | 1.15 | | | | | | — | | | | | | 9.50 | | | | | | (0.60) | | | | | | 0.78 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.06 | | | | | | 578 | | | | | | 49 | | |
12-31-14 | | | | | 10.95 | | | | | | 0.12• | | | | | | 0.54 | | | | | | 0.66 | | | | | | 0.19 | | | | | | 0.75 | | | | | | — | | | | | | 0.94 | | | | | | — | | | | | | 10.67 | | | | | | 6.22 | | | | | | 0.78 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.06 | | | | | | 671 | | | | | | 61 | | |
Voya Solution Conservative Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.06 | | | | | | 0.22 | | | | | | (0.47) | | | | | | (0.25) | | | | | | 0.22 | | | | | | 0.19 | | | | | | — | | | | | | 0.41 | | | | | | — | | | | | | 10.40 | | | | | | (2.39) | | | | | | 0.89 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.92 | | | | | | 7,912 | | | | | | 67 | | |
12-31-17 | | | | | 10.60 | | | | | | 0.20• | | | | | | 0.55 | | | | | | 0.75 | | | | | | 0.22 | | | | | | 0.07 | | | | | | — | | | | | | 0.29 | | | | | | — | | | | | | 11.06 | | | | | | 7.06 | | | | | | 0.86 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.84 | | | | | | 8,486 | | | | | | 63 | | |
12-31-16 | | | | | 10.45 | | | | | | 0.20 | | | | | | 0.40 | | | | | | 0.60 | | | | | | 0.19 | | | | | | 0.26 | | | | | | — | | | | | | 0.45 | | | | | | — | | | | | | 10.60 | | | | | | 5.76 | | | | | | 0.85 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.79 | | | | | | 8,524 | | | | | | 58 | | |
12-31-15 | | | | | 11.15 | | | | | | 0.14• | | | | | | (0.22) | | | | | | (0.08) | | | | | | 0.27 | | | | | | 0.35 | | | | | | — | | | | | | 0.62 | | | | | | — | | | | | | 10.45 | | | | | | (0.76) | | | | | | 0.83 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.29 | | | | | | 8,595 | | | | | | 51 | | |
12-31-14 | | | | | 11.42 | | | | | | 0.17 | | | | | | 0.30 | | | | | | 0.47 | | | | | | 0.27 | | | | | | 0.47 | | | | | | — | | | | | | 0.74 | | | | | | — | | | | | | 11.15 | | | | | | 4.20 | | | | | | 0.81 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.62 | | | | | | 11,527 | | | | | | 54 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.21 | | | | | | 0.28• | | | | | | (0.49) | | | | | | (0.21) | | | | | | 0.27 | | | | | | 0.19 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 10.54 | | | | | | (1.94) | | | | | | 0.39 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.62 | | | | | | 274 | | | | | | 67 | | |
12-31-17 | | | | | 10.74 | | | | | | 0.25• | | | | | | 0.56 | | | | | | 0.81 | | | | | | 0.27 | | | | | | 0.07 | | | | | | — | | | | | | 0.34 | | | | | | — | | | | | | 11.21 | | | | | | 7.60 | | | | | | 0.36 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.31 | | | | | | 90 | | | | | | 63 | | |
12-31-16 | | | | | 10.60 | | | | | | 0.29• | | | | | | 0.37 | | | | | | 0.66 | | | | | | 0.26 | | | | | | 0.26 | | | | | | — | | | | | | 0.52 | | | | | | — | | | | | | 10.74 | | | | | | 6.24 | | | | | | 0.35 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.67 | | | | | | 109 | | | | | | 58 | | |
12-31-15 | | | | | 11.30 | | | | | | 0.21• | | | | | | (0.23) | | | | | | (0.02) | | | | | | 0.33 | | | | | | 0.35 | | | | | | — | | | | | | 0.68 | | | | | | — | | | | | | 10.60 | | | | | | (0.23) | | | | | | 0.33 | | | | | | 0.11 | | | | | | 0.11 | | | | | | 1.86 | | | | | | 13 | | | | | | 51 | | |
12-31-14 | | | | | 11.57 | | | | | | 0.25• | | | | | | 0.27 | | | | | | 0.52 | | | | | | 0.32 | | | | | | 0.47 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 11.30 | | | | | | 4.63 | | | | | | 0.31 | | | | | | 0.08 | | | | | | 0.08 | | | | | | 2.19 | | | | | | 10 | | | | | | 54 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.21 | | | | | | 0.28• | | | | | | (0.49) | | | | | | (0.21) | | | | | | 0.27 | | | | | | 0.19 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 10.54 | | | | | | (1.94) | | | | | | 0.39 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.52 | | | | | | 5,056 | | | | | | 67 | | |
12-31-17 | | | | | 10.74 | | | | | | 0.27• | | | | | | 0.54 | | | | | | 0.81 | | | | | | 0.27 | | | | | | 0.07 | | | | | | — | | | | | | 0.34 | | | | | | — | | | | | | 11.21 | | | | | | 7.60 | | | | | | 0.36 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.42 | | | | | | 3,439 | | | | | | 63 | | |
05-02-16(5) - 12-31-16 | | | | | 10.98 | | | | | | 0.20• | | | | | | 0.08 | | | | | | 0.28 | | | | | | 0.26 | | | | | | 0.26 | | | | | | — | | | | | | 0.52 | | | | | | — | | | | | | 10.74 | | | | | | 2.57 | | | | | | 0.35 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.81 | | | | | | 718 | | | | | | 58 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution Conservative Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.13 | | | | | | 0.24• | | | | | | (0.47) | | | | | | (0.23) | | | | | | 0.23 | | | | | | 0.19 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 10.48 | | | | | | (2.14) | | | | | | 0.64 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 2.16 | | | | | | 3,508 | | | | | | 67 | | |
12-31-17 | | | | | 10.66 | | | | | | 0.22• | | | | | | 0.56 | | | | | | 0.78 | | | | | | 0.24 | | | | | | 0.07 | | | | | | — | | | | | | 0.31 | | | | | | — | | | | | | 11.13 | | | | | | 7.31 | | | | | | 0.61 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 2.04 | | | | | | 4,020 | | | | | | 63 | | |
12-31-16 | | | | | 10.52 | | | | | | 0.22• | | | | | | 0.41 | | | | | | 0.63 | | | | | | 0.23 | | | | | | 0.26 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 10.66 | | | | | | 6.04 | | | | | | 0.60 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 2.02 | | | | | | 6,513 | | | | | | 58 | | |
12-31-15 | | | | | 11.22 | | | | | | 0.17 | | | | | | (0.21) | | | | | | (0.04) | | | | | | 0.31 | | | | | | 0.35 | | | | | | — | | | | | | 0.66 | | | | | | — | | | | | | 10.52 | | | | | | (0.48) | | | | | | 0.58 | | | | | | 0.36 | | | | | | 0.36 | | | | | | 1.61 | | | | | | 5,539 | | | | | | 51 | | |
12-31-14 | | | | | 11.49 | | | | | | 0.21• | | | | | | 0.29 | | | | | | 0.50 | | | | | | 0.30 | | | | | | 0.47 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 11.22 | | | | | | 4.40 | | | | | | 0.56 | | | | | | 0.33 | | | | | | 0.33 | | | | | | 1.86 | | | | | | 5,867 | | | | | | 54 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.04 | | | | | | 0.21• | | | | | | (0.46) | | | | | | (0.25) | | | | | | 0.21 | | | | | | 0.19 | | | | | | — | | | | | | 0.40 | | | | | | — | | | | | | 10.39 | | | | | | (2.34) | | | | | | 0.79 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.97 | | | | | | 438 | | | | | | 67 | | |
12-31-17 | | | | | 10.59 | | | | | | 0.21• | | | | | | 0.55 | | | | | | 0.76 | | | | | | 0.24 | | | | | | 0.07 | | | | | | — | | | | | | 0.31 | | | | | | — | | | | | | 11.04 | | | | | | 7.20 | | | | | | 0.76 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.92 | | | | | | 635 | | | | | | 63 | | |
12-31-16 | | | | | 10.46 | | | | | | 0.21• | | | | | | 0.40 | | | | | | 0.61 | | | | | | 0.22 | | | | | | 0.26 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 10.59 | | | | | | 5.90 | | | | | | 0.78 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.94 | | | | | | 506 | | | | | | 58 | | |
12-31-15 | | | | | 11.17 | | | | | | 0.16• | | | | | | (0.22) | | | | | | (0.06) | | | | | | 0.30 | | | | | | 0.35 | | | | | | — | | | | | | 0.65 | | | | | | — | | | | | | 10.46 | | | | | | (0.67) | | | | | | 0.83 | | | | | | 0.51 | | | | | | 0.51 | | | | | | 1.43 | | | | | | 357 | | | | | | 51 | | |
12-31-14 | | | | | 11.44 | | | | | | 0.18 | | | | | | 0.30 | | | | | | 0.48 | | | | | | 0.28 | | | | | | 0.47 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 11.17 | | | | | | 4.28 | | | | | | 0.81 | | | | | | 0.48 | | | | | | 0.48 | | | | | | 1.70 | | | | | | 312 | | | | | | 54 | | |
Voya Solution Income Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.85 | | | | | | 0.20• | | | | | | (0.57) | | | | | | (0.37) | | | | | | 0.26 | | | | | | 0.30 | | | | | | — | | | | | | 0.56 | | | | | | — | | | | | | 10.92 | | | | | | (3.35) | | | | | | 0.75 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.77 | | | | | | 148,720 | | | | | | 38 | | |
12-31-17 | | | | | 11.11 | | | | | | 0.18• | | | | | | 0.83 | | | | | | 1.01 | | | | | | 0.23 | | | | | | 0.04 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 11.85 | | | | | | 9.15 | | | | | | 0.75 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.59 | | | | | | 182,912 | | | | | | 36 | | |
12-31-16 | | | | | 10.88 | | | | | | 0.16• | | | | | | 0.31 | | | | | | 0.47 | | | | | | 0.11 | | | | | | 0.13 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 11.11 | | | | | | 4.26 | | | | | | 0.75 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.41 | | | | | | 205,103 | | | | | | 46 | | |
12-31-15 | | | | | 11.61 | | | | | | 0.13• | | | | | | (0.15) | | | | | | (0.02) | | | | | | 0.29 | | | | | | 0.42 | | | | | | — | | | | | | 0.71 | | | | | | — | | | | | | 10.88 | | | | | | (0.30) | | | | | | 0.73 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.16 | | | | | | 248,968 | | | | | | 31 | | |
12-31-14 | | | | | 11.26 | | | | | | 0.15• | | | | | | 0.47 | | | | | | 0.62 | | | | | | 0.27 | | | | | | — | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 11.61 | | | | | | 5.53 | | | | | | 0.75 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.33 | | | | | | 84,286 | | | | | | 47 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.13 | | | | | | 0.27• | | | | | | (0.59) | | | | | | (0.32) | | | | | | 0.32 | | | | | | 0.30 | | | | | | — | | | | | | 0.62 | | | | | | — | | | | | | 11.19 | | | | | | (2.80) | | | | | | 0.25 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.29 | | | | | | 75,592 | | | | | | 38 | | |
12-31-17 | | | | | 11.38 | | | | | | 0.25 | | | | | | 0.84 | | | | | | 1.09 | | | | | | 0.30 | | | | | | 0.04 | | | | | | — | | | | | | 0.34 | | | | | | — | | | | | | 12.13 | | | | | | 9.66 | | | | | | 0.25 | | | | | | 0.11 | | | | | | 0.11 | | | | | | 2.09 | | | | | | 85,891 | | | | | | 36 | | |
12-31-16 | | | | | 11.12 | | | | | | 0.22• | | | | | | 0.31 | | | | | | 0.53 | | | | | | 0.14 | | | | | | 0.13 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 11.38 | | | | | | 4.78 | | | | | | 0.25 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 1.91 | | | | | | 82,426 | | | | | | 46 | | |
12-31-15 | | | | | 11.86 | | | | | | 0.19• | | | | | | (0.15) | | | | | | 0.04 | | | | | | 0.36 | | | | | | 0.42 | | | | | | — | | | | | | 0.78 | | | | | | — | | | | | | 11.12 | | | | | | 0.20 | | | | | | 0.23 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.72 | | | | | | 98,321 | | | | | | 31 | | |
12-31-14 | | | | | 11.51 | | | | | | 0.22• | | | | | | 0.47 | | | | | | 0.69 | | | | | | 0.34 | | | | | | — | | | | | | — | | | | | | 0.34 | | | | | | — | | | | | | 11.86 | | | | | | 6.02 | | | | | | 0.25 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 1.85 | | | | | | 23,178 | | | | | | 47 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.03 | | | | | | 0.24• | | | | | | (0.59) | | | | | | (0.35) | | | | | | 0.29 | | | | | | 0.30 | | | | | | — | | | | | | 0.59 | | | | | | — | | | | | | 11.09 | | | | | | (3.14) | | | | | | 0.50 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 2.01 | | | | | | 118,451 | | | | | | 38 | | |
12-31-17 | | | | | 11.28 | | | | | | 0.21• | | | | | | 0.85 | | | | | | 1.06 | | | | | | 0.27 | | | | | | 0.04 | | | | | | — | | | | | | 0.31 | | | | | | — | | | | | | 12.03 | | | | | | 9.41 | | | | | | 0.50 | | | | | | 0.36 | | | | | | 0.36 | | | | | | 1.83 | | | | | | 155,100 | | | | | | 36 | | |
12-31-16 | | | | | 11.04 | | | | | | 0.19• | | | | | | 0.31 | | | | | | 0.50 | | | | | | 0.13 | | | | | | 0.13 | | | | | | — | | | | | | 0.26 | | | | | | — | | | | | | 11.28 | | | | | | 4.47 | | | | | | 0.50 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 1.66 | | | | | | 186,264 | | | | | | 46 | | |
12-31-15 | | | | | 11.76 | | | | | | 0.16• | | | | | | (0.14) | | | | | | 0.02 | | | | | | 0.32 | | | | | | 0.42 | | | | | | — | | | | | | 0.74 | | | | | | — | | | | | | 11.04 | | | | | | 0.10 | | | | | | 0.48 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.43 | | | | | | 225,274 | | | | | | 31 | | |
12-31-14 | | | | | 11.41 | | | | | | 0.19• | | | | | | 0.46 | | | | | | 0.65 | | | | | | 0.30 | | | | | | — | | | | | | — | | | | | | 0.30 | | | | | | — | | | | | | 11.76 | | | | | | 5.76 | | | | | | 0.50 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 1.59 | | | | | | 56,602 | | | | | | 47 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.72 | | | | | | 0.21• | | | | | | (0.56) | | | | | | (0.35) | | | | | | 0.25 | | | | | | 0.30 | | | | | | — | | | | | | 0.55 | | | | | | — | | | | | | 10.82 | | | | | | (3.21) | | | | | | 0.65 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.82 | | | | | | 6,111 | | | | | | 38 | | |
12-31-17 | | | | | 10.99 | | | | | | 0.19• | | | | | | 0.82 | | | | | | 1.01 | | | | | | 0.24 | | | | | | 0.04 | | | | | | — | | | | | | 0.28 | | | | | | — | | | | | | 11.72 | | | | | | 9.23 | | | | | | 0.65 | | | | | | 0.51 | | | | | | 0.51 | | | | | | 1.67 | | | | | | 9,533 | | | | | | 36 | | |
12-31-16 | | | | | 10.77 | | | | | | 0.16• | | | | | | 0.30 | | | | | | 0.46 | | | | | | 0.11 | | | | | | 0.13 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 10.99 | | | | | | 4.28 | | | | | | 0.68 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.49 | | | | | | 11,670 | | | | | | 46 | | |
12-31-15 | | | | | 11.50 | | | | | | 0.14• | | | | | | (0.14) | | | | | | 0.00* | | | | | | 0.31 | | | | | | 0.42 | | | | | | — | | | | | | 0.73 | | | | | | — | | | | | | 10.77 | | | | | | (0.13) | | | | | | 0.73 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.27 | | | | | | 15,377 | | | | | | 31 | | |
12-31-14 | | | | | 11.15 | | | | | | 0.16• | | | | | | 0.46 | | | | | | 0.62 | | | | | | 0.27 | | | | | | — | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 11.50 | | | | | | 5.61 | | | | | | 0.75 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.42 | | | | | | 4,281 | | | | | | 47 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution Income Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.60 | | | | | | 0.19 | | | | | | (0.60) | | | | | | (0.41) | | | | | | 0.24 | | | | | | 0.30 | | | | | | — | | | | | | 0.54 | | | | | | — | | | | | | 11.65 | | | | | | (3.45) | | | | | | 0.95 | | | | | | 0.82 | | | | | | 0.82 | | | | | | 1.62 | | | | | | 218 | | | | | | 38 | | |
12-31-17 | | | | | 11.73 | | | | | | 0.17 | | | | | | 0.87 | | | | | | 1.04 | | | | | | 0.13 | | | | | | 0.04 | | | | | | — | | | | | | 0.17 | | | | | | — | | | | | | 12.60 | | | | | | 8.84 | | | | | | 0.95 | | | | | | 0.81 | | | | | | 0.81 | | | | | | 1.40 | | | | | | 222 | | | | | | 36 | | |
12-31-16 | | | | | 11.39 | | | | | | 0.11• | | | | | | 0.36 | | | | | | 0.47 | | | | | | — | | | | | | 0.13 | | | | | | — | | | | | | 0.13 | | | | | | — | | | | | | 11.73 | | | | | | 4.11 | | | | | | 0.97 | | | | | | 0.82 | | | | | | 0.82 | | | | | | 0.92 | | | | | | 205 | | | | | | 46 | | |
12-31-15 | | | | | 12.07 | | | | | | 0.13• | | | | | | (0.17) | | | | | | (0.04) | | | | | | 0.22 | | | | | | 0.42 | | | | | | — | | | | | | 0.64 | | | | | | — | | | | | | 11.39 | | | | | | (0.40) | | | | | | 0.98 | | | | | | 0.83 | | | | | | 0.83 | | | | | | 1.09 | | | | | | 815 | | | | | | 31 | | |
12-31-14 | | | | | 11.67 | | | | | | 0.13• | | | | | | 0.48 | | | | | | 0.61 | | | | | | 0.21 | | | | | | — | | | | | | — | | | | | | 0.21 | | | | | | — | | | | | | 12.07 | | | | | | 5.22 | | | | | | 1.00 | | | | | | 0.82 | | | | | | 0.82 | | | | | | 1.05 | | | | | | 91 | | | | | | 47 | | |
Voya Solution Moderately Aggressive Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.39 | | | | | | 0.14• | | | | | | (1.32) | | | | | | (1.18) | | | | | | 0.20 | | | | | | 0.62 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 11.39 | | | | | | (9.44) | | | | | | 0.75 | | | | | | 0.71 | | | | | | 0.71 | | | | | | 1.09 | | | | | | 21,418 | | | | | | 46 | | |
12-31-17 | | | | | 11.62 | | | | | | 0.13• | | | | | | 1.93 | | | | | | 2.06 | | | | | | 0.15 | | | | | | 0.14 | | | | | | — | | | | | | 0.29 | | | | | | — | | | | | | 13.39 | | | | | | 17.89 | | | | | | 0.75 | | | | | | 0.71 | | | | | | 0.71 | | | | | | 1.04 | | | | | | 27,468 | | | | | | 31 | | |
12-31-16 | | | | | 11.23 | | | | | | 0.11• | | | | | | 0.56 | | | | | | 0.67 | | | | | | 0.10 | | | | | | 0.18 | | | | | | — | | | | | | 0.28 | | | | | | — | | | | | | 11.62 | | | | | | 6.00 | | | | | | 0.75 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 0.95 | | | | | | 24,645 | | | | | | 52 | | |
12-31-15 | | | | | 13.03 | | | | | | 0.11• | | | | | | (0.22) | | | | | | (0.11) | | | | | | 0.37 | | | | | | 1.32 | | | | | | — | | | | | | 1.69 | | | | | | — | | | | | | 11.23 | | | | | | (1.42) | | | | | | 0.74 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 0.94 | | | | | | 31,416 | | | | | | 26 | | |
12-31-14 | | | | | 13.38 | | | | | | 0.12• | | | | | | 0.67 | | | | | | 0.79 | | | | | | 0.20 | | | | | | 0.94 | | | | | | — | | | | | | 1.14 | | | | | | — | | | | | | 13.03 | | | | | | 6.09 | | | | | | 0.78 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 0.89 | | | | | | 20,020 | | | | | | 71 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.64 | | | | | | 0.21• | | | | | | (1.35) | | | | | | (1.14) | | | | | | 0.27 | | | | | | 0.62 | | | | | | — | | | | | | 0.89 | | | | | | — | | | | | | 11.61 | | | | | | (9.02) | | | | | | 0.25 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 1.60 | | | | | | 3,898 | | | | | | 46 | | |
12-31-17 | | | | | 11.83 | | | | | | 0.21• | | | | | | 1.95 | | | | | | 2.16 | | | | | | 0.21 | | | | | | 0.14 | | | | | | — | | | | | | 0.35 | | | | | | — | | | | | | 13.64 | | | | | | 18.50 | | | | | | 0.25 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 1.62 | | | | | | 6,062 | | | | | | 31 | | |
12-31-16 | | | | | 11.44 | | | | | | 0.17 | | | | | | 0.55 | | | | | | 0.72 | | | | | | 0.15 | | | | | | 0.18 | | | | | | — | | | | | | 0.33 | | | | | | — | | | | | | 11.83 | | | | | | 6.40 | | | | | | 0.25 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 1.55 | | | | | | 4,334 | | | | | | 52 | | |
12-31-15 | | | | | 13.23 | | | | | | 0.23• | | | | | | (0.27) | | | | | | (0.04) | | | | | | 0.43 | | | | | | 1.32 | | | | | | — | | | | | | 1.75 | | | | | | — | | | | | | 11.44 | | | | | | (0.85) | | | | | | 0.24 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 2.00 | | | | | | 4,035 | | | | | | 26 | | |
12-31-14 | | | | | 13.56 | | | | | | 0.31• | | | | | | 0.56 | | | | | | 0.87 | | | | | | 0.26 | | | | | | 0.94 | | | | | | — | | | | | | 1.20 | | | | | | — | | | | | | 13.23 | | | | | | 6.60 | | | | | | 0.28 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 2.39 | | | | | | 56 | | | | | | 71 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.63 | | | | | | 0.23• | | | | | | (1.36) | | | | | | (1.13) | | | | | | 0.27 | | | | | | 0.62 | | | | | | — | | | | | | 0.89 | | | | | | — | | | | | | 11.61 | | | | | | (8.94) | | | | | | 0.25 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 1.76 | | | | | | 12,083 | | | | | | 46 | | |
12-31-17 | | | | | 11.82 | | | | | | 0.25• | | | | | | 1.91 | | | | | | 2.16 | | | | | | 0.21 | | | | | | 0.14 | | | | | | — | | | | | | 0.35 | | | | | | — | | | | | | 13.63 | | | | | | 18.51 | | | | | | 0.25 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 1.95 | | | | | | 8,217 | | | | | | 31 | | |
05-02-16(5) - 12-31-16 | | | | | 11.56 | | | | | | 0.39• | | | | | | 0.20 | | | | | | 0.59 | | | | | | 0.15 | | | | | | 0.18 | | | | | | — | | | | | | 0.33 | | | | | | — | | | | | | 11.82 | | | | | | 5.21 | | | | | | 0.25 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 5.04 | | | | | | 1,287 | | | | | | 52 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.50 | | | | | | 0.18• | | | | | | (1.33) | | | | | | (1.15) | | | | | | 0.24 | | | | | | 0.62 | | | | | | — | | | | | | 0.86 | | | | | | — | | | | | | 11.49 | | | | | | (9.20) | | | | | | 0.50 | | | | | | 0.46 | | | | | | 0.46 | | | | | | 1.34 | | | | | | 525,590 | | | | | | 46 | | |
12-31-17 | | | | | 11.71 | | | | | | 0.16• | | | | | | 1.95 | | | | | | 2.11 | | | | | | 0.18 | | | | | | 0.14 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 13.50 | | | | | | 18.22 | | | | | | 0.50 | | | | | | 0.46 | | | | | | 0.46 | | | | | | 1.28 | | | | | | 670,319 | | | | | | 31 | | |
12-31-16 | | | | | 11.34 | | | | | | 0.14• | | | | | | 0.55 | | | | | | 0.69 | | | | | | 0.14 | | | | | | 0.18 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 11.71 | | | | | | 6.17 | | | | | | 0.50 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.25 | | | | | | 661,798 | | | | | | 52 | | |
12-31-15 | | | | | 13.13 | | | | | | 0.21• | | | | | | (0.29) | | | | | | (0.08) | | | | | | 0.39 | | | | | | 1.32 | | | | | | — | | | | | | 1.71 | | | | | | — | | | | | | 11.34 | | | | | | (1.15) | | | | | | 0.49 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.81 | | | | | | 719,319 | | | | | | 26 | | |
12-31-14 | | | | | 13.47 | | | | | | 0.15 | | | | | | 0.68 | | | | | | 0.83 | | | | | | 0.23 | | | | | | 0.94 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 13.13 | | | | | | 6.33 | | | | | | 0.53 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 1.04 | | | | | | 11,315 | | | | | | 71 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.47 | | | | | | 0.15• | | | | | | (1.32) | | | | | | (1.17) | | | | | | 0.18 | | | | | | 0.62 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 11.50 | | | | | | (9.31) | | | | | | 0.65 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.10 | | | | | | 732 | | | | | | 46 | | |
12-31-17 | | | | | 11.70 | | | | | | 0.15• | | | | | | 1.94 | | | | | | 2.09 | | | | | | 0.18 | | | | | | 0.14 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 13.47 | | | | | | 18.05 | | | | | | 0.65 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.20 | | | | | | 1,695 | | | | | | 31 | | |
12-31-16 | | | | | 11.32 | | | | | | 0.13 | | | | | | 0.54 | | | | | | 0.67 | | | | | | 0.11 | | | | | | 0.18 | | | | | | — | | | | | | 0.29 | | | | | | — | | | | | | 11.70 | | | | | | 5.97 | | | | | | 0.68 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.14 | | | | | | 1,132 | | | | | | 52 | | |
12-31-15 | | | | | 13.12 | | | | | | 0.12• | | | | | | (0.21) | | | | | | (0.09) | | | | | | 0.39 | | | | | | 1.32 | | | | | | — | | | | | | 1.71 | | | | | | — | | | | | | 11.32 | | | | | | (1.21) | | | | | | 0.74 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 0.98 | | | | | | 1,040 | | | | | | 26 | | |
12-31-14 | | | | | 13.50 | | | | | | 0.14• | | | | | | 0.67 | | | | | | 0.81 | | | | | | 0.25 | | | | | | 0.94 | | | | | | — | | | | | | 1.19 | | | | | | — | | | | | | 13.12 | | | | | | 6.17 | | | | | | 0.78 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 1.08 | | | | | | 806 | | | | | | 71 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution Moderately Conservative Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 9.99 | | | | | | 0.17• | | | | | | (0.60) | | | | | | (0.43) | | | | | | 0.20 | | | | | | 0.23 | | | | | | — | | | | | | 0.43 | | | | | | — | | | | | | 9.13 | | | | | | (4.52) | | | | | | 0.83 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 1.79 | | | | | | 9,033 | | | | | | 59 | | |
12-31-17 | | | | | 9.24 | | | | | | 0.15• | | | | | | 0.78 | | | | | | 0.93 | | | | | | 0.18 | | | | | | — | | | | | | — | | | | | | 0.18 | | | | | | — | | | | | | 9.99 | | | | | | 10.09 | | | | | | 0.83 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 1.57 | | | | | | 11,134 | | | | | | 47 | | |
12-31-16 | | | | | 9.51 | | | | | | 0.13• | | | | | | 0.40 | | | | | | 0.53 | | | | | | 0.20 | | | | | | 0.60 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 9.24 | | | | | | 5.64 | | | | | | 0.80 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.35 | | | | | | 13,487 | | | | | | 65 | | |
12-31-15 | | | | | 10.45 | | | | | | 0.10 | | | | | | (0.14) | | | | | | (0.04) | | | | | | 0.28 | | | | | | 0.62 | | | | | | — | | | | | | 0.90 | | | | | | — | | | | | | 9.51 | | | | | | (0.60) | | | | | | 0.78 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.09 | | | | | | 22,005 | | | | | | 58 | | |
12-31-14 | | | | | 10.80 | | | | | | 0.15 | | | | | | 0.39 | | | | | | 0.54 | | | | | | 0.23 | | | | | | 0.66 | | | | | | — | | | | | | 0.89 | | | | | | — | | | | | | 10.45 | | | | | | 5.20 | | | | | | 0.78 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 1.30 | | | | | | 21,659 | | | | | | 66 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.42 | | | | | | 0.24• | | | | | | (0.64) | | | | | | (0.40) | | | | | | 0.25 | | | | | | 0.23 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 9.54 | | | | | | (4.04) | | | | | | 0.33 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 2.35 | | | | | | 31 | | | | | | 59 | | |
12-31-17 | | | | | 9.65 | | | | | | 0.21• | | | | | | 0.82 | | | | | | 1.03 | | | | | | 0.26 | | | | | | — | | | | | | — | | | | | | 0.26 | | | | | | — | | | | | | 10.42 | | | | | | 10.73 | | | | | | 0.33 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 2.06 | | | | | | 27 | | | | | | 47 | | |
12-31-16 | | | | | 9.93 | | | | | | 0.19 | | | | | | 0.41 | | | | | | 0.60 | | | | | | 0.28 | | | | | | 0.60 | | | | | | — | | | | | | 0.88 | | | | | | — | | | | | | 9.65 | | | | | | 6.12 | | | | | | 0.30 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 1.93 | | | | | | 33 | | | | | | 65 | | |
12-31-15 | | | | | 10.87 | | | | | | 0.16 | | | | | | (0.15) | | | | | | 0.01 | | | | | | 0.33 | | | | | | 0.62 | | | | | | — | | | | | | 0.95 | | | | | | — | | | | | | 9.93 | | | | | | (0.09) | | | | | | 0.28 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.58 | | | | | | 36 | | | | | | 58 | | |
12-31-14 | | | | | 11.20 | | | | | | 0.23• | | | | | | 0.39 | | | | | | 0.62 | | | | | | 0.29 | | | | | | 0.66 | | | | | | — | | | | | | 0.95 | | | | | | — | | | | | | 10.87 | | | | | | 5.74 | | | | | | 0.28 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 2.19 | | | | | | 37 | | | | | | 66 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.41 | | | | | | 0.25• | | | | | | (0.65) | | | | | | (0.40) | | | | | | 0.25 | | | | | | 0.23 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 9.53 | | | | | | (4.05) | | | | | | 0.33 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 2.45 | | | | | | 3,780 | | | | | | 59 | | |
12-31-17 | | | | | 9.64 | | | | | | 0.24• | | | | | | 0.78 | | | | | | 1.02 | | | | | | 0.25 | | | | | | — | | | | | | — | | | | | | 0.25 | | | | | | — | | | | | | 10.41 | | | | | | 10.68 | | | | | | 0.33 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 2.37 | | | | | | 2,164 | | | | | | 47 | | |
05-02-16(5) - 12-31-16 | | | | | 10.17 | | | | | | 0.36• | | | | | | (0.01) | | | | | | 0.35 | | | | | | 0.28 | | | | | | 0.60 | | | | | | — | | | | | | 0.88 | | | | | | — | | | | | | 9.64 | | | | | | 3.52 | | | | | | 0.30 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 5.68 | | | | | | 287 | | | | | | 65 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.19 | | | | | | 0.20• | | | | | | (0.63) | | | | | | (0.43) | | | | | | 0.21 | | | | | | 0.23 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 9.32 | | | | | | (4.35) | | | | | | 0.58 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 2.05 | | | | | | 14,452 | | | | | | 59 | | |
12-31-17 | | | | | 9.44 | | | | | | 0.18• | | | | | | 0.79 | | | | | | 0.97 | | | | | | 0.22 | | | | | | — | | | | | | — | | | | | | 0.22 | | | | | | — | | | | | | 10.19 | | | | | | 10.40 | | | | | | 0.58 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.80 | | | | | | 17,134 | | | | | | 47 | | |
12-31-16 | | | | | 9.73 | | | | | | 0.17 | | | | | | 0.39 | | | | | | 0.56 | | | | | | 0.25 | | | | | | 0.60 | | | | | | — | | | | | | 0.85 | | | | | | — | | | | | | 9.44 | | | | | | 5.87 | | | | | | 0.55 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.74 | | | | | | 20,883 | | | | | | 65 | | |
12-31-15 | | | | | 10.67 | | | | | | 0.14• | | | | | | (0.16) | | | | | | (0.02) | | | | | | 0.30 | | | | | | 0.62 | | | | | | — | | | | | | 0.92 | | | | | | — | | | | | | 9.73 | | | | | | (0.38) | | | | | | 0.53 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.33 | | | | | | 20,081 | | | | | | 58 | | |
12-31-14 | | | | | 11.00 | | | | | | 0.17• | | | | | | 0.42 | | | | | | 0.59 | | | | | | 0.26 | | | | | | 0.66 | | | | | | — | | | | | | 0.92 | | | | | | — | | | | | | 10.67 | | | | | | 5.58 | | | | | | 0.53 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.53 | | | | | | 22,346 | | | | | | 66 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.08 | | | | | | 0.18 | | | | | | (0.61) | | | | | | (0.43) | | | | | | 0.21 | | | | | | 0.23 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 9.21 | | | | | | (4.46) | | | | | | 0.73 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 1.96 | | | | | | 1,072 | | | | | | 59 | | |
12-31-17 | | | | | 9.34 | | | | | | 0.17• | | | | | | 0.79 | | | | | | 0.96 | | | | | | 0.22 | | | | | | — | | | | | | — | | | | | | 0.22 | | | | | | — | | | | | | 10.08 | | | | | | 10.33 | | | | | | 0.73 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.71 | | | | | | 1,021 | | | | | | 47 | | |
12-31-16 | | | | | 9.64 | | | | | | 0.14 | | | | | | 0.39 | | | | | | 0.53 | | | | | | 0.23 | | | | | | 0.60 | | | | | | — | | | | | | 0.83 | | | | | | — | | | | | | 9.34 | | | | | | 5.62 | | | | | | 0.73 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.61 | | | | | | 845 | | | | | | 65 | | |
12-31-15 | | | | | 10.59 | | | | | | 0.10 | | | | | | (0.13) | | | | | | (0.03) | | | | | | 0.30 | | | | | | 0.62 | | | | | | — | | | | | | 0.92 | | | | | | — | | | | | | 9.64 | | | | | | (0.50) | | | | | | 0.78 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.14 | | | | | | 751 | | | | | | 58 | | |
12-31-14 | | | | | 10.93 | | | | | | 0.16• | | | | | | 0.41 | | | | | | 0.57 | | | | | | 0.25 | | | | | | 0.66 | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 10.59 | | | | | | 5.40 | | | | | | 0.78 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.43 | | | | | | 848 | | | | | | 66 | | |
Voya Solution 2020 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.23 | | | | | | 0.21 | | | | | | (0.77) | | | | | | (0.56) | | | | | | 0.20 | | | | | | 0.62 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 11.85 | | | | | | (4.50) | | | | | | 0.79 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.67 | | | | | | 13,352 | | | | | | 83 | | |
12-31-17 | | | | | 12.15 | | | | | | 0.20• | | | | | | 1.30 | | | | | | 1.50 | | | | | | 0.14 | | | | | | 0.28 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 13.23 | | | | | | 12.43 | | | | | | 0.81 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.59 | | | | | | 14,590 | | | | | | 72 | | |
12-31-16 | | | | | 11.65 | | | | | | 0.18• | | | | | | 0.43 | | | | | | 0.61 | | | | | | 0.05 | | | | | | 0.06 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 12.15 | | | | | | 5.21 | | | | | | 0.86 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.53 | | | | | | 9,167 | | | | | | 84 | | |
12-31-15 | | | | | 12.87 | | | | | | 0.19• | | | | | | (0.05) | | | | | | 0.14 | | | | | | 0.57 | | | | | | 0.79 | | | | | | — | | | | | | 1.36 | | | | | | — | | | | | | 11.65 | | | | | | 0.88 | | | | | | 1.49 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.60 | | | | | | 2,853 | | | | | | 86 | | |
12-31-14 | | | | | 12.19 | | | | | | 0.20• | | | | | | 0.53 | | | | | | 0.73 | | | | | | 0.01 | | | | | | 0.04 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 12.87 | | | | | | 5.97 | | | | | | 4.32 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.55 | | | | | | 631 | | | | | | 32 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2020 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.51 | | | | | | 0.28• | | | | | | (0.78) | | | | | | (0.50) | | | | | | 0.26 | | | | | | 0.62 | | | | | | — | | | | | | 0.88 | | | | | | — | | | | | | 12.13 | | | | | | (4.02) | | | | | | 0.29 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.16 | | | | | | 7,160 | | | | | | 83 | | |
12-31-17 | | | | | 12.37 | | | | | | 0.26 | | | | | | 1.33 | | | | | | 1.59 | | | | | | 0.17 | | | | | | 0.28 | | | | | | — | | | | | | 0.45 | | | | | | — | | | | | | 13.51 | | | | | | 13.01 | | | | | | 0.31 | | | | | | 0.11 | | | | | | 0.11 | | | | | | 2.00 | | | | | | 7,487 | | | | | | 72 | | |
12-31-16 | | | | | 11.81 | | | | | | 0.26• | | | | | | 0.42 | | | | | | 0.68 | | | | | | 0.06 | | | | | | 0.06 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 12.37 | | | | | | 5.73 | | | | | | 0.36 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.13 | | | | | | 6,377 | | | | | | 84 | | |
12-31-15 | | | | | 13.04 | | | | | | 0.32• | | | | | | (0.11) | | | | | | 0.21 | | | | | | 0.65 | | | | | | 0.79 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 11.81 | | | | | | 1.38 | | | | | | 0.99 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.76 | | | | | | 2,157 | | | | | | 86 | | |
12-31-14 | | | | | 12.29 | | | | | | 0.19 | | | | | | 0.60 | | | | | | 0.79 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 13.04 | | | | | | 6.41 | | | | | | 3.82 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.52 | | | | | | 4 | | | | | | 32 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.46 | | | | | | 0.25• | | | | | | (0.78) | | | | | | (0.53) | | | | | | 0.24 | | | | | | 0.62 | | | | | | — | | | | | | 0.86 | | | | | | — | | | | | | 12.07 | | | | | | (4.27) | | | | | | 0.54 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.94 | | | | | | 12,873 | | | | | | 83 | | |
12-31-17 | | | | | 12.33 | | | | | | 0.25• | | | | | | 1.31 | | | | | | 1.56 | | | | | | 0.15 | | | | | | 0.28 | | | | | | — | | | | | | 0.43 | | | | | | — | | | | | | 13.46 | | | | | | 12.78 | | | | | | 0.56 | | | | | | 0.36 | | | | | | 0.36 | | | | | | 1.91 | | | | | | 10,565 | | | | | | 72 | | |
12-31-16 | | | | | 11.80 | | | | | | 0.20• | | | | | | 0.44 | | | | | | 0.64 | | | | | | 0.05 | | | | | | 0.06 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 12.33 | | | | | | 5.46 | | | | | | 0.61 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.65 | | | | | | 6,477 | | | | | | 84 | | |
12-31-15 | | | | | 13.01 | | | | | | 0.53• | | | | | | (0.34) | | | | | | 0.19 | | | | | | 0.61 | | | | | | 0.79 | | | | | | — | | | | | | 1.40 | | | | | | — | | | | | | 11.80 | | | | | | 1.23 | | | | | | 1.24 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 4.58 | | | | | | 4,145 | | | | | | 86 | | |
12-31-14 | | | | | 12.30 | | | | | | 0.16 | | | | | | 0.59 | | | | | | 0.75 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 13.01 | | | | | | 6.08 | | | | | | 4.07 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.27 | | | | | | 4 | | | | | | 32 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.32 | | | | | | 0.21• | | | | | | (0.75) | | | | | | (0.54) | | | | | | 0.23 | | | | | | 0.62 | | | | | | — | | | | | | 0.85 | | | | | | — | | | | | | 11.93 | | | | | | (4.37) | | | | | | 0.69 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.63 | | | | | | 485 | | | | | | 83 | | |
12-31-17 | | | | | 12.22 | | | | | | 0.26• | | | | | | 1.26 | | | | | | 1.52 | | | | | | 0.14 | | | | | | 0.28 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 13.32 | | | | | | 12.54 | | | | | | 0.71 | | | | | | 0.51 | | | | | | 0.51 | | | | | | 2.05 | | | | | | 660 | | | | | | 72 | | |
12-31-16 | | | | | 11.70 | | | | | | 0.14• | | | | | | 0.48 | | | | | | 0.62 | | | | | | 0.04 | | | | | | 0.06 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 12.22 | | | | | | 5.33 | | | | | | 0.79 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.18 | | | | | | 148 | | | | | | 84 | | |
12-31-15 | | | | | 12.91 | | | | | | 0.36• | | | | | | (0.20) | | | | | | 0.16 | | | | | | 0.58 | | | | | | 0.79 | | | | | | — | | | | | | 1.37 | | | | | | — | | | | | | 11.70 | | | | | | 1.08 | | | | | | 1.49 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 3.08 | | | | | | 283 | | | | | | 86 | | |
12-31-14 | | | | | 12.23 | | | | | | 0.14 | | | | | | 0.58 | | | | | | 0.72 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 12.91 | | | | | | 5.87 | | | | | | 4.32 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.12 | | | | | | 4 | | | | | | 32 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.24 | | | | | | 0.19• | | | | | | (0.77) | | | | | | (0.58) | | | | | | 0.19 | | | | | | 0.62 | | | | | | — | | | | | | 0.81 | | | | | | — | | | | | | 11.85 | | | | | | (4.71) | | | | | | 0.99 | | | | | | 0.84 | | | | | | 0.84 | | | | | | 1.51 | | | | | | 12 | | | | | | 83 | | |
12-31-17 | | | | | 12.16 | | | | | | 0.18• | | | | | | 1.29 | | | | | | 1.47 | | | | | | 0.11 | | | | | | 0.28 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 13.24 | | | | | | 12.22 | | | | | | 1.01 | | | | | | 0.81 | | | | | | 0.81 | | | | | | 1.42 | | | | | | 12 | | | | | | 72 | | |
12-31-16 | | | | | 11.64 | | | | | | 0.15• | | | | | | 0.43 | | | | | | 0.58 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 12.16 | | | | | | 4.99 | | | | | | 1.08 | | | | | | 0.84 | | | | | | 0.84 | | | | | | 1.29 | | | | | | 8 | | | | | | 84 | | |
12-31-15 | | | | | 12.87 | | | | | | 0.11• | | | | | | 0.01 | | | | | | 0.12 | | | | | | 0.56 | | | | | | 0.79 | | | | | | — | | | | | | 1.35 | | | | | | — | | | | | | 11.64 | | | | | | 0.72 | | | | | | 1.74 | | | | | | 0.83 | | | | | | 0.83 | | | | | | 0.91 | | | | | | 4 | | | | | | 86 | | |
12-31-14 | | | | | 12.21 | | | | | | 0.10 | | | | | | 0.60 | | | | | | 0.70 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 12.87 | | | | | | 5.72 | | | | | | 4.57 | | | | | | 0.83 | | | | | | 0.83 | | | | | | 0.81 | | | | | | 4 | | | | | | 32 | | |
Voya Solution 2025 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.72 | | | | | | 0.16• | | | | | | (0.82) | | | | | | (0.66) | | | | | | 0.21 | | | | | | 0.37 | | | | | | — | | | | | | 0.58 | | | | | | — | | | | | | 10.48 | | | | | | (5.97) | | | | | | 0.74 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 1.38 | | | | | | 244,883 | | | | | | 47 | | |
12-31-17 | | | | | 10.66 | | | | | | 0.15• | | | | | | 1.42 | | | | | | 1.57 | | | | | | 0.19 | | | | | | 0.32 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 11.72 | | | | | | 15.02 | | | | | | 0.74 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.36 | | | | | | 300,453 | | | | | | 46 | | |
12-31-16 | | | | | 11.17 | | | | | | 0.14• | | | | | | 0.47 | | | | | | 0.61 | | | | | | 0.21 | | | | | | 0.91 | | | | | | — | | | | | | 1.12 | | | | | | — | | | | | | 10.66 | | | | | | 5.53 | | | | | | 0.74 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.31 | | | | | | 302,670 | | | | | | 43 | | |
12-31-15 | | | | | 12.83 | | | | | | 0.11• | | | | | | (0.09) | | | | | | 0.02 | | | | | | 0.37 | | | | | | 1.31 | | | | | | — | | | | | | 1.68 | | | | | | — | | | | | | 11.17 | | | | | | (0.26) | | | | | | 0.74 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 0.89 | | | | | | 357,443 | | | | | | 42 | | |
12-31-14 | | | | | 13.06 | | | | | | 0.12• | | | | | | 0.54 | | | | | | 0.66 | | | | | | 0.23 | | | | | | 0.66 | | | | | | — | | | | | | 0.89 | | | | | | — | | | | | | 12.83 | | | | | | 5.26 | | | | | | 0.74 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 0.94 | | | | | | 435,280 | | | | | | 46 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.04 | | | | | | 0.23• | | | | | | (0.85) | | | | | | (0.62) | | | | | | 0.27 | | | | | | 0.37 | | | | | | — | | | | | | 0.64 | | | | | | — | | | | | | 10.78 | | | | | | (5.48) | | | | | | 0.24 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 1.93 | | | | | | 219,811 | | | | | | 47 | | |
12-31-17 | | | | | 10.94 | | | | | | 0.22• | | | | | | 1.46 | | | | | | 1.68 | | | | | | 0.26 | | | | | | 0.32 | | | | | | — | | | | | | 0.58 | | | | | | — | | | | | | 12.04 | | | | | | 15.62 | | | | | | 0.24 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.92 | | | | | | 243,053 | | | | | | 46 | | |
12-31-16 | | | | | 11.44 | | | | | | 0.21 | | | | | | 0.48 | | | | | | 0.69 | | | | | | 0.28 | | | | | | 0.91 | | | | | | — | | | | | | 1.19 | | | | | | — | | | | | | 10.94 | | | | | | 6.13 | | | | | | 0.24 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 1.84 | | | | | | 193,795 | | | | | | 43 | | |
12-31-15 | | | | | 13.12 | | | | | | 0.18• | | | | | | (0.10) | | | | | | 0.08 | | | | | | 0.45 | | | | | | 1.31 | | | | | | — | | | | | | 1.76 | | | | | | — | | | | | | 11.44 | | | | | | 0.19 | | | | | | 0.24 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 1.44 | | | | | | 204,693 | | | | | | 42 | | |
12-31-14 | | | | | 13.34 | | | | | | 0.20• | | | | | | 0.55 | | | | | | 0.75 | | | | | | 0.31 | | | | | | 0.66 | | | | | | — | | | | | | 0.97 | | | | | | — | | | | | | 13.12 | | | | | | 5.82 | | | | | | 0.24 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.47 | | | | | | 197,457 | | | | | | 46 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2025 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.90 | | | | | | 0.19• | | | | | | (0.83) | | | | | | (0.64) | | | | | | 0.24 | | | | | | 0.37 | | | | | | — | | | | | | 0.61 | | | | | | — | | | | | | 10.65 | | | | | | (5.73) | | | | | | 0.49 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 1.64 | | | | | | 294,102 | | | | | | 47 | | |
12-31-17 | | | | | 10.82 | | | | | | 0.18• | | | | | | 1.45 | | | | | | 1.63 | | | | | | 0.23 | | | | | | 0.32 | | | | | | — | | | | | | 0.55 | | | | | | — | | | | | | 11.90 | | | | | | 15.29 | | | | | | 0.49 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.60 | | | | | | 359,764 | | | | | | 46 | | |
12-31-16 | | | | | 11.32 | | | | | | 0.17• | | | | | | 0.48 | | | | | | 0.65 | | | | | | 0.24 | | | | | | 0.91 | | | | | | — | | | | | | 1.15 | | | | | | — | | | | | | 10.82 | | | | | | 5.88 | | | | | | 0.49 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.58 | | | | | | 376,403 | | | | | | 43 | | |
12-31-15 | | | | | 13.00 | | | | | | 0.14• | | | | | | (0.10) | | | | | | 0.04 | | | | | | 0.41 | | | | | | 1.31 | | | | | | — | | | | | | 1.72 | | | | | | — | | | | | | 11.32 | | | | | | (0.09) | | | | | | 0.49 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.14 | | | | | | 418,555 | | | | | | 42 | | |
12-31-14 | | | | | 13.22 | | | | | | 0.16• | | | | | | 0.55 | | | | | | 0.71 | | | | | | 0.27 | | | | | | 0.66 | | | | | | — | | | | | | 0.93 | | | | | | — | | | | | | 13.00 | | | | | | 5.58 | | | | | | 0.49 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.21 | | | | | | 486,302 | | | | | | 46 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.56 | | | | | | 0.15• | | | | | | (0.79) | | | | | | (0.64) | | | | | | 0.20 | | | | | | 0.37 | | | | | | — | | | | | | 0.57 | | | | | | — | | | | | | 10.35 | | | | | | (5.88) | | | | | ��� | 0.64 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 1.34 | | | | | | 11,715 | | | | | | 47 | | |
12-31-17 | | | | | 10.52 | | | | | | 0.16• | | | | | | 1.40 | | | | | | 1.56 | | | | | | 0.20 | | | | | | 0.32 | | | | | | — | | | | | | 0.52 | | | | | | — | | | | | | 11.56 | | | | | | 15.07 | | | | | | 0.64 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.40 | | | | | | 16,911 | | | | | | 46 | | |
12-31-16 | | | | | 11.03 | | | | | | 0.15• | | | | | | 0.47 | | | | | | 0.62 | | | | | | 0.22 | | | | | | 0.91 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 10.52 | | | | | | 5.75 | | | | | | 0.67 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.39 | | | | | | 22,356 | | | | | | 43 | | |
12-31-15 | | | | | 12.70 | | | | | | 0.12• | | | | | | (0.10) | | | | | | 0.02 | | | | | | 0.38 | | | | | | 1.31 | | | | | | — | | | | | | 1.69 | | | | | | — | | | | | | 11.03 | | | | | | (0.23) | | | | | | 0.74 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 0.98 | | | | | | 27,673 | | | | | | 42 | | |
12-31-14 | | | | | 12.93 | | | | | | 0.13• | | | | | | 0.55 | | | | | | 0.68 | | | | | | 0.25 | | | | | | 0.66 | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 12.70 | | | | | | 5.40 | | | | | | 0.74 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.03 | | | | | | 35,050 | | | | | | 46 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.23 | | | | | | 0.13• | | | | | | (0.84) | | | | | | (0.71) | | | | | | 0.19 | | | | | | 0.37 | | | | | | — | | | | | | 0.56 | | | | | | — | | | | | | 10.96 | | | | | | (6.14) | | | | | | 0.94 | | | | | | 0.87 | �� | | | | | 0.87 | | | | | | 1.11 | | | | | | 575 | | | | | | 47 | | |
12-31-17 | | | | | 11.10 | | | | | | 0.14• | | | | | | 1.48 | | | | | | 1.62 | | | | | | 0.17 | | | | | | 0.32 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 12.23 | | | | | | 14.78 | | | | | | 0.94 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 1.18 | | | | | | 821 | | | | | | 46 | | |
12-31-16 | | | | | 11.58 | | | | | | 0.14 | | | | | | 0.48 | | | | | | 0.62 | | | | | | 0.19 | | | | | | 0.91 | | | | | | — | | | | | | 1.10 | | | | | | — | | | | | | 11.10 | | | | | | 5.43 | | | | | | 0.96 | | | | | | 0.84 | | | | | | 0.84 | | | | | | 1.14 | | | | | | 806 | | | | | | 43 | | |
12-31-15 | | | | | 13.07 | | | | | | 0.09• | | | | | | (0.12) | | | | | | (0.03) | | | | | | 0.15 | | | | | | 1.31 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 11.58 | | | | | | (0.56) | | | | | | 0.99 | | | | | | 0.85 | | | | | | 0.85 | | | | | | 0.70 | | | | | | 837 | | | | | | 42 | | |
12-31-14 | | | | | 13.29 | | | | | | 0.06• | | | | | | 0.60 | | | | | | 0.66 | | | | | | 0.22 | | | | | | 0.66 | | | | | | — | | | | | | 0.88 | | | | | | — | | | | | | 13.07 | | | | | | 5.14 | | | | | | 0.99 | | | | | | 0.83 | | | | | | 0.83 | | | | | | 0.45 | | | | | | 869 | | | | | | 46 | | |
Voya Solution 2030 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.96 | | | | | | 0.21 | | | | | | (1.31) | | | | | | (1.10) | | | | | | 0.23 | | | | | | 0.84 | | | | | | — | | | | | | 1.07 | | | | | | — | | | | | | 13.79 | | | | | | (7.47) | | | | | | 0.81 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.38 | | | | | | 12,630 | | | | | | 87 | | |
12-31-17 | | | | | 13.94 | | | | | | 0.23• | | | | | | 2.15 | | | | | | 2.38 | | | | | | 0.12 | | | | | | 0.24 | | | | | | — | | | | | | 0.36 | | | | | | — | | | | | | 15.96 | | | | | | 17.22 | | | | | | 0.83 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.50 | | | | | | 13,589 | | | | | | 63 | | |
12-31-16 | | | | | 13.24 | | | | | | 0.23• | | | | | | 0.57 | | | | | | 0.80 | | | | | | 0.04 | | | | | | 0.06 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 13.94 | | | | | | 6.09 | | | | | | 0.95 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.71 | | | | | | 6,623 | | | | | | 67 | | |
12-31-15 | | | | | 13.94 | | | | | | 0.36• | | | | | | (0.31) | | | | | | 0.05 | | | | | | 0.19 | | | | | | 0.56 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 13.24 | | | | | | 0.18 | | | | | | 2.57 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 2.65 | | | | | | 1,569 | | | | | | 69 | | |
12-31-14 | | | | | 13.23 | | | | | | 0.14• | | | | | | 0.69 | | | | | | 0.83 | | | | | | 0.02 | | | | | | 0.10 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 13.94 | | | | | | 6.30 | | | | | | 8.42 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.98 | | | | | | 157 | | | | | | 136 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.36 | | | | | | 0.31• | | | | | | (1.36) | | | | | | (1.05) | | | | | | 0.29 | | | | | | 0.84 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 14.18 | | | | | | (6.98) | | | | | | 0.31 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.95 | | | | | | 7,333 | | | | | | 87 | | |
12-31-17 | | | | | 14.23 | | | | | | 0.32• | | | | | | 2.19 | | | | | | 2.51 | | | | | | 0.14 | | | | | | 0.24 | | | | | | — | | | | | | 0.38 | | | | | | — | | | | | | 16.36 | | | | | | 17.86 | | | | | | 0.33 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.07 | | | | | | 8,625 | | | | | | 63 | | |
12-31-16 | | | | | 13.46 | | | | | | 0.35• | | | | | | 0.53 | | | | | | 0.88 | | | | | | 0.05 | | | | | | 0.06 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 14.23 | | | | | | 6.55 | | | | | | 0.45 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 2.54 | | | | | | 3,247 | | | | | | 67 | | |
12-31-15 | | | | | 14.14 | | | | | | 0.39• | | | | | | (0.27) | | | | | | 0.12 | | | | | | 0.24 | | | | | | 0.56 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 13.46 | | | | | | 0.66 | | | | | | 2.07 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 2.90 | | | | | | 861 | | | | | | 69 | | |
12-31-14 | | | | | 13.32 | | | | | | 0.20 | | | | | | 0.72 | | | | | | 0.92 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 14.14 | | | | | | 6.94 | | | | | | 7.92 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.50 | | | | | | 4 | | | | | | 136 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.28 | | | | | | 0.28• | | | | | | (1.36) | | | | | | (1.08) | | | | | | 0.27 | | | | | | 0.84 | | | | | | — | | | | | | 1.11 | | | | | | — | | | | | | 14.09 | | | | | | (7.23) | | | | | | 0.56 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.81 | | | | | | 10,589 | | | | | | 87 | | |
12-31-17 | | | | | 14.18 | | | | | | 0.26• | | | | | | 2.21 | | | | | | 2.47 | | | | | | 0.13 | | | | | | 0.24 | | | | | | — | | | | | | 0.37 | | | | | | — | | | | | | 16.28 | | | | | | 17.59 | | | | | | 0.58 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.72 | | | | | | 8,484 | | | | | | 63 | | |
12-31-16 | | | | | 13.44 | | | | | | 0.27• | | | | | | 0.58 | | | | | | 0.85 | | | | | | 0.05 | | | | | | 0.06 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 14.18 | | | | | | 6.32 | | | | | | 0.70 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 2.00 | | | | | | 4,770 | | | | | | 67 | | |
12-31-15 | | | | | 14.07 | | | | | | 0.49• | | | | | | (0.39) | | | | | | 0.10 | | | | | | 0.17 | | | | | | 0.56 | | | | | | — | | | | | | 0.73 | | | | | | — | | | | | | 13.44 | | | | | | 0.52 | | | | | | 2.32 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 3.69 | | | | | | 1,454 | | | | | | 69 | | |
12-31-14 | | | | | 13.32 | | | | | | 0.17 | | | | | | 0.68 | | | | | | 0.85 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 14.07 | | | | | | 6.41 | | | | | | 8.17 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.25 | | | | | | 4 | | | | | | 136 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2030 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.08 | | | | | | 0.25• | | | | | | (1.35) | | | | | | (1.10) | | | | | | 0.24 | | | | | | 0.84 | | | | | | — | | | | | | 1.08 | | | | | | — | | | | | | 13.90 | | | | | | (7.40) | | | | | | 0.71 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.62 | | | | | | 439 | | | | | | 87 | | |
12-31-17 | | | | | 14.01 | | | | | | 0.21• | | | | | | 2.20 | | | | | | 2.41 | | | | | | 0.10 | | | | | | 0.24 | | | | | | — | | | | | | 0.34 | | | | | | — | | | | | | 16.08 | | | | | | 17.38 | | | | | | 0.73 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.42 | | | | | | 588 | | | | | | 63 | | |
12-31-16 | | | | | 13.30 | | | | | | 0.18• | | | | | | 0.64 | | | | | | 0.82 | | | | | | 0.05 | | | | | | 0.06 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 14.01 | | | | | | 6.17 | | | | | | 0.88 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.30 | | | | | | 255 | | | | | | 67 | | |
12-31-15 | | | | | 13.96 | | | | | | 0.28• | | | | | | (0.22) | | | | | | 0.06 | | | | | | 0.16 | | | | | | 0.56 | | | | | | — | | | | | | 0.72 | | | | | | — | | | | | | 13.30 | | | | | | 0.23 | | | | | | 2.57 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 2.01 | | | | | | 41 | | | | | | 69 | | |
12-31-14 | | | | | 13.22 | | | | | | 0.15 | | | | | | 0.69 | | | | | | 0.84 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 13.96 | | | | | | 6.38 | | | | | | 8.42 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.10 | | | | | | 4 | | | | | | 136 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.02 | | | | | | 0.22• | | | | | | (1.36) | | | | | | (1.14) | | | | | | 0.22 | | | | | | 0.84 | | | | | | — | | | | | | 1.06 | | | | | | — | | | | | | 13.82 | | | | | | (7.67) | | | | | | 1.01 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 1.44 | | | | | | 20 | | | | | | 87 | | |
12-31-17 | | | | | 13.98 | | | | | | 0.19• | | | | | | 2.17 | | | | | | 2.36 | | | | | | 0.08 | | | | | | 0.24 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 16.02 | | | | | | 17.05 | | | | | | 1.03 | | | | | | 0.84 | | | | | | 0.84 | | | | | | 1.23 | | | | | | 15 | | | | | | 63 | | |
12-31-16 | | | | | 13.27 | | | | | | 0.19• | | | | | | 0.58 | | | | | | 0.77 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 13.98 | | | | | | 5.81 | | | | | | 1.17 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 1.43 | | | | | | 11 | | | | | | 67 | | |
12-31-15 | | | | | 13.97 | | | | | | 0.13 | | | | | | (0.14) | | | | | | (0.01) | | | | | | 0.13 | | | | | | 0.56 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 13.27 | | | | | | (0.26) | | | | | | 2.82 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 0.92 | | | | | | 4 | | | | | | 69 | | |
12-31-14 | | | | | 13.25 | | | | | | 0.11 | | | | | | 0.71 | | | | | | 0.82 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 13.97 | | | | | | 6.22 | | | | | | 8.67 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 0.80 | | | | | | 4 | | | | | | 136 | | |
Voya Solution 2035 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.27 | | | | | | 0.14• | | | | | | (1.12) | | | | | | (0.98) | | | | | | 0.19 | | | | | | 0.50 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 10.60 | | | | | | (8.54) | | | | | | 0.75 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.21 | | | | | | 212,084 | | | | | | 50 | | |
12-31-17 | | | | | 10.71 | | | | | | 0.13• | | | | | | 1.90 | | | | | | 2.03 | | | | | | 0.16 | | | | | | 0.31 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 12.27 | | | | | | 19.22 | | | | | | 0.74 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 1.12 | | | | | | 267,229 | | | | | | 36 | | |
12-31-16 | | | | | 11.27 | | | | | | 0.12• | | | | | | 0.53 | | | | | | 0.65 | | | | | | 0.21 | | | | | | 1.00 | | | | | | — | | | | | | 1.21 | | | | | | — | | | | | | 10.71 | | | | | | 6.00 | | | | | | 0.74 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.11 | | | | | | 262,148 | | | | | | 44 | | |
12-31-15 | | | | | 13.22 | | | | | | 0.11• | | | | | | (0.13) | | | | | | (0.02) | | | | | | 0.38 | | | | | | 1.55 | | | | | | — | | | | | | 1.93 | | | | | | — | | | | | | 11.27 | | | | | | (0.77) | | | | | | 0.74 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 0.84 | | | | | | 303,218 | | | | | | 46 | | |
12-31-14 | | | | | 13.97 | | | | | | 0.12• | | | | | | 0.61 | | | | | | 0.73 | | | | | | 0.26 | | | | | | 1.22 | | | | | | — | | | | | | 1.48 | | | | | | — | | | | | | 13.22 | | | | | | 5.38 | | | | | | 0.75 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.84 | | | | | | 361,683 | | | | | | 59 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.59 | | | | | | 0.22 | | | | | | (1.17) | | | | | | (0.95) | | | | | | 0.25 | | | | | | 0.50 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 10.89 | | | | | | (8.09) | | | | | | 0.25 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.75 | | | | | | 247,475 | | | | | | 50 | | |
12-31-17 | | | | | 10.98 | | | | | | 0.20• | | | | | | 1.94 | | | | | | 2.14 | | | | | | 0.22 | | | | | | 0.31 | | | | | | — | | | | | | 0.53 | | | | | | — | | | | | | 12.59 | | | | | | 19.82 | | | | | | 0.24 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 1.69 | | | | | | 274,900 | | | | | | 36 | | |
12-31-16 | | | | | 11.54 | | | | | | 0.19 | | | | | | 0.53 | | | | | | 0.72 | | | | | | 0.28 | | | | | | 1.00 | | | | | | — | | | | | | 1.28 | | | | | | — | | | | | | 10.98 | | | | | | 6.49 | | | | | | 0.24 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.67 | | | | | | 210,863 | | | | | | 44 | | |
12-31-15 | | | | | 13.51 | | | | | | 0.18• | | | | | | (0.14) | | | | | | 0.04 | | | | | | 0.46 | | | | | | 1.55 | | | | | | — | | | | | | 2.01 | | | | | | — | | | | | | 11.54 | | | | | | (0.30) | | | | | | 0.24 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 1.39 | | | | | | 218,051 | | | | | | 46 | | |
12-31-14 | | | | | 14.25 | | | | | | 0.20 | | | | | | 0.61 | | | | | | 0.81 | | | | | | 0.33 | | | | | | 1.22 | | | | | | — | | | | | | 1.55 | | | | | | — | | | | | | 13.51 | | | | | | 5.93 | | | | | | 0.25 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.40 | | | | | | 214,675 | | | | | | 59 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.45 | | | | | | 0.18• | | | | | | (1.15) | | | | | | (0.97) | | | | | | 0.22 | | | | | | 0.50 | | | | | | — | | | | | | 0.72 | | | | | | — | | | | | | 10.76 | | | | | | (8.34) | | | | | | 0.50 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.46 | | | | | | 297,721 | | | | | | 50 | | |
12-31-17 | | | | | 10.87 | | | | | | 0.16• | | | | | | 1.92 | | | | | | 2.08 | | | | | | 0.19 | | | | | | 0.31 | | | | | | — | | | | | | 0.50 | | | | | | — | | | | | | 12.45 | | | | | | 19.44 | | | | | | 0.49 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.38 | | | | | | 368,554 | | | | | | 36 | | |
12-31-16 | | | | | 11.43 | | | | | | 0.16• | | | | | | 0.53 | | | | | | 0.69 | | | | | | 0.25 | | | | | | 1.00 | | | | | | — | | | | | | 1.25 | | | | | | — | | | | | | 10.87 | | | | | | 6.23 | | | | | | 0.49 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.41 | | | | | | 359,464 | | | | | | 44 | | |
12-31-15 | | | | | 13.39 | | | | | | 0.14• | | | | | | (0.13) | | | | | | 0.01 | | | | | | 0.42 | | | | | | 1.55 | | | | | | — | | | | | | 1.97 | | | | | | — | | | | | | 11.43 | | | | | | (0.48) | | | | | | 0.49 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 1.10 | | | | | | 383,233 | | | | | | 46 | | |
12-31-14 | | | | | 14.13 | | | | | | 0.16• | | | | | | 0.61 | | | | | | 0.77 | | | | | | 0.29 | | | | | | 1.22 | | | | | | — | | | | | | 1.51 | | | | | | — | | | | | | 13.39 | | | | | | 5.68 | | | | | | 0.50 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.14 | | | | | | 432,573 | | | | | | 59 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.00 | | | | | | 0.15• | | | | | | (1.09) | | | | | | (0.94) | | | | | | 0.20 | | | | | | 0.50 | | | | | | — | | | | | | 0.70 | | | | | | — | | | | | | 10.36 | | | | | | (8.42) | | | | | | 0.65 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.28 | | | | | | 14,521 | | | | | | 50 | | |
12-31-17 | | | | | 10.49 | | | | | | 0.14• | | | | | | 1.85 | | | | | | 1.99 | | | | | | 0.17 | | | | | | 0.31 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 12.00 | | | | | | 19.28 | | | | | | 0.64 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.22 | | | | | | 19,146 | | | | | | 36 | | |
12-31-16 | | | | | 11.07 | | | | | | 0.14 | | | | | | 0.51 | | | | | | 0.65 | | | | | | 0.23 | | | | | | 1.00 | | | | | | — | | | | | | 1.23 | | | | | | — | | | | | | 10.49 | | | | | | 6.09 | | | | | | 0.67 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.24 | | | | | | 20,809 | | | | | | 44 | | |
12-31-15 | | | | | 13.01 | | | | | | 0.11• | | | | | | (0.11) | | | | | | 0.00* | | | | | | 0.39 | | | | | | 1.55 | | | | | | — | | | | | | 1.94 | | | | | | — | | | | | | 11.07 | | | | | | (0.62) | | | | | | 0.74 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 0.90 | | | | | | 22,289 | | | | | | 46 | | |
12-31-14 | | | | | 13.77 | | | | | | 0.13• | | | | | | 0.60 | | | | | | 0.73 | | | | | | 0.27 | | | | | | 1.22 | | | | | | — | | | | | | 1.49 | | | | | | — | | | | | | 13.01 | | | | | | 5.50 | | | | | | 0.75 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 0.95 | | | | | | 31,331 | | | | | | 59 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2035 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.79 | | | | | | 0.10• | | | | | | (1.16) | | | | | | (1.06) | | | | | | 0.16 | | | | | | 0.50 | | | | | | — | | | | | | 0.66 | | | | | | — | | | | | | 11.07 | | | | | | (8.76) | | | | | | 0.95 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.77 | | | | | | 373 | | | | | | 50 | | |
12-31-17 | | | | | 11.14 | | | | | | 0.11• | | | | | | 1.98 | | | | | | 2.09 | | | | | | 0.13 | | | | | | 0.31 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 12.79 | | | | | | 19.03 | | | | | | 0.94 | | | | | | 0.85 | | | | | | 0.85 | | | | | | 0.95 | | | | | | 700 | | | | | | 36 | | |
12-31-16 | | | | | 11.65 | | | | | | 0.09• | | | | | | 0.56 | | | | | | 0.65 | | | | | | 0.16 | | | | | | 1.00 | | | | | | — | | | | | | 1.16 | | | | | | — | | | | | | 11.14 | | | | | | 5.73 | | | | | | 0.96 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 0.83 | | | | | | 624 | | | | | | 44 | | |
12-31-15 | | | | | 13.50 | | | | | | 0.09• | | | | | | (0.15) | | | | | | (0.06) | | | | | | 0.24 | | | | | | 1.55 | | | | | | — | | | | | | 1.79 | | | | | | — | | | | | | 11.65 | | | | | | (1.00) | | | | | | 0.99 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.69 | | | | | | 887 | | | | | | 46 | | |
12-31-14 | | | | | 14.22 | | | | | | 0.05• | | | | | | 0.67 | | | | | | 0.72 | | | | | | 0.22 | | | | | | 1.22 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 13.50 | | | | | | 5.26 | | | | | | 1.00 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 0.32 | | | | | | 864 | | | | | | 59 | | |
Voya Solution 2040 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.11 | | | | | | 0.20• | | | | | | (1.66) | | | | | | (1.46) | | | | | | 0.22 | | | | | | 1.17 | | | | | | — | | | | | | 1.39 | | | | | | — | | | | | | 14.26 | | | | | | (9.41) | | | | | | 0.84 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.19 | | | | | | 8,662 | | | | | | 81 | | |
12-31-17 | | | | | 14.55 | | | | | | 0.19• | | | | | | 2.73 | | | | | | 2.92 | | | | | | 0.08 | | | | | | 0.28 | | | | | | — | | | | | | 0.36 | | | | | | — | | | | | | 17.11 | | | | | | 20.23 | | | | | | 0.86 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.17 | | | | | | 8,696 | | | | | | 68 | | |
12-31-16 | | | | | 13.84 | | | | | | 0.19• | | | | | | 0.71 | | | | | | 0.90 | | | | | | 0.06 | | | | | | 0.13 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 14.55 | | | | | | 6.48 | | | | | | 1.03 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 1.34 | | | | | | 4,897 | | | | | | 72 | | |
12-31-15 | | | | | 14.89 | | | | | | 0.25• | | | | | | (0.26) | | | | | | (0.01) | | | | | | 0.35 | | | | | | 0.69 | | | | | | — | | | | | | 1.04 | | | | | | — | | | | | | 13.84 | | | | | | (0.33) | | | | | | 2.07 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 1.72 | | | | | | 2,229 | | | | | | 108 | | |
12-31-14 | | | | | 14.04 | | | | | | 0.18• | | | | | | 0.73 | | | | | | 0.91 | | | | | | 0.01 | | | | | | 0.05 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 14.89 | | | �� | | | 6.51 | | | | | | 3.66 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 1.23 | | | | | | 701 | | | | | | 80 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.53 | | | | | | 0.30• | | | | | | (1.72) | | | | | | (1.42) | | | | | | 0.28 | | | | | | 1.17 | | | | | | — | | | | | | 1.45 | | | | | | — | | | | | | 14.66 | | | | | | (8.95) | | | | | | 0.34 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.77 | | | | | | 7,134 | | | | | | 81 | | |
12-31-17 | | | | | 14.86 | | | | | | 0.29• | | | | | | 2.78 | | | | | | 3.07 | | | | | | 0.12 | | | | | | 0.28 | | | | | | — | | | | | | 0.40 | | | | | | — | | | | | | 17.53 | | | | | | 20.85 | | | | | | 0.36 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.76 | | | | | | 7,753 | | | | | | 68 | | |
12-31-16 | | | | | 14.07 | | | | | | 0.31• | | | | | | 0.68 | | | | | | 0.99 | | | | | | 0.07 | | | | | | 0.13 | | | | | | — | | | | | | 0.20 | | | | | | — | | | | | | 14.86 | | | | | | 7.06 | | | | | | 0.53 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 2.14 | | | | | | 2,887 | | | | | | 72 | | |
12-31-15 | | | | | 15.08 | | | | | | 0.43• | | | | | | (0.36) | | | | | | 0.07 | | | | | | 0.39 | | | | | | 0.69 | | | | | | — | | | | | | 1.08 | | | | | | — | | | | | | 14.07 | | | | | | 0.22 | | | | | | 1.57 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 3.06 | | | | | | 487 | | | | | | 108 | | |
12-31-14 | | | | | 14.14 | | | | | | 0.17 | | | | | | 0.82 | | | | | | 0.99 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 15.08 | | | | | | 7.04 | | | | | | 3.16 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 1.14 | | | | | | 5 | | | | | | 80 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.40 | | | | | | 0.26• | | | | | | (1.70) | | | | | | (1.44) | | | | | | 0.25 | | | | | | 1.17 | | | | | | — | | | | | | 1.42 | | | | | | — | | | | | | 14.54 | | | | | | (9.13) | | | | | | 0.59 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.54 | | | | | | 7,641 | | | | | | 81 | | |
12-31-17 | | | | | 14.78 | | | | | | 0.23• | | | | | | 2.78 | | | | | | 3.01 | | | | | | 0.11 | | | | | | 0.28 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 17.40 | | | | | | 20.53 | | | | | | 0.61 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.45 | | | | | | 6,732 | | | | | | 68 | | |
12-31-16 | | | | | 14.03 | | | | | | 0.25• | | | | | | 0.70 | | | | | | 0.95 | | | | | | 0.07 | | | | | | 0.13 | | | | | | — | | | | | | 0.20 | | | | | | — | | | | | | 14.78 | | | | | | 6.79 | | | | | | 0.78 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.75 | | | | | | 3,217 | | | | | | 72 | | |
12-31-15 | | | | | 15.02 | | | | | | 0.49• | | | | | | (0.45) | | | | | | 0.04 | | | | | | 0.34 | | | | | | 0.69 | | | | | | — | | | | | | 1.03 | | | | | | — | | | | | | 14.03 | | | | | | 0.03 | | | | | | 1.82 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 3.50 | | | | | | 610 | | | | | | 108 | | |
12-31-14 | | | | | 14.15 | | | | | | 0.13 | | | | | | 0.79 | | | | | | 0.92 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 15.02 | | | | | | 6.54 | | | | | | 3.41 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 0.90 | | | | | | 5 | | | | | | 80 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.18 | | | | | | 0.23• | | | | | | (1.68) | | | | | | (1.45) | | | | | | 0.25 | | | | | | 1.17 | | | | | | — | | | | | | 1.42 | | | | | | — | | | | | | 14.31 | | | | | | (9.30) | | | | | | 0.74 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.42 | | | | | | 939 | | | | | | 81 | | |
12-31-17 | | | | | 14.62 | | | | | | 0.26• | | | | | | 2.69 | | | | | | 2.95 | | | | | | 0.11 | | | | | | 0.28 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 17.18 | | | | | | 20.31 | | | | | | 0.76 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.61 | | | | | | 721 | | | | | | 68 | | |
12-31-16 | | | | | 13.90 | | | | | | 0.20• | | | | | | 0.72 | | | | | | 0.92 | | | | | | 0.07 | | | | | | 0.13 | | | | | | — | | | | | | 0.20 | | | | | | — | | | | | | 14.62 | | | | | | 6.64 | | | | | | 0.96 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 1.41 | | | | | | 183 | | | | | | 72 | | |
12-31-15 | | | | | 14.93 | | | | | | 0.22• | | | | | | (0.23) | | | | | | (0.01) | | | | | | 0.33 | | | | | | 0.69 | | | | | | — | | | | | | 1.02 | | | | | | — | | | | | | 13.90 | | | | | | (0.33) | | | | | | 2.07 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 1.46 | | | | | | 9 | | | | | | 108 | | |
12-31-14 | | | | | 14.05 | | | | | | 0.11 | | | | | | 0.82 | | | | | | 0.93 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 14.93 | | | | | | 6.66 | | | | | | 3.66 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 0.76 | | | | | | 5 | | | | | | 80 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.08 | | | | | | 0.15 | | | | | | (1.64) | | | | | | (1.49) | | | | | | 0.20 | | | | | | 1.17 | | | | | | — | | | | | | 1.37 | | | | | | — | | | | | | 14.22 | | | | | | (9.57) | | | | | | 1.04 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 1.00 | | | | | | 17 | | | | | | 81 | | |
12-31-17 | | | | | 14.53 | | | | | | 0.17• | | | | | | 2.72 | | | | | | 2.89 | | | | | | 0.06 | | | | | | 0.28 | | | | | | — | | | | | | 0.34 | | | | | | — | | | | | | 17.08 | | | | | | 20.05 | | | | | | 1.06 | | | | | | 0.83 | | | | | | 0.83 | | | | | | 1.08 | | | | | | 20 | | | | | | 68 | | |
12-31-16 | | | | | 13.81 | | | | | | 0.17• | | | | | | 0.70 | | | | | | 0.87 | | | | | | 0.02 | | | | | | 0.13 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 14.53 | | | | | | 6.27 | | | | | | 1.25 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 1.19 | | | | | | 12 | | | | | | 72 | | |
12-31-15 | | | | | 14.85 | | | | | | 0.10• | | | | | | (0.16) | | | | | | (0.06) | | | | | | 0.29 | | | | | | 0.69 | | | | | | — | | | | | | 0.98 | | | | | | — | | | | | | 13.81 | | | | | | (0.66) | | | | | | 2.32 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.67 | | | | | | 4 | | | | | | 108 | | |
12-31-14 | | | | | 14.01 | | | | | | 0.06 | | | | | | 0.83 | | | | | | 0.89 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 14.85 | | | | | | 6.40 | | | | | | 3.91 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.45 | | | | | | 4 | | | | | | 80 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2045 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.40 | | | | | | 0.11• | | | | | | (1.33) | | | | | | (1.22) | | | | | | 0.15 | | | | | | 0.61 | | | | | | — | | | | | | 0.76 | | | | | | — | | | | | | 10.42 | | | | | | (10.53) | | | | | | 0.75 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 0.93 | | | | | | 134,754 | | | | | | 53 | | |
12-31-17 | | | | | 10.63 | | | | | | 0.10• | | | | | | 2.09 | | | | | | 2.19 | | | | | | 0.10 | | | | | | 0.32 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 12.40 | | | | | | 20.92 | | | | | | 0.75 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 0.84 | | | | | | 177,624 | | | | | | 37 | | |
12-31-16 | | | | | 11.15 | | | | | | 0.09• | | | | | | 0.56 | | | | | | 0.65 | | | | | | 0.15 | | | | | | 1.02 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 10.63 | | | | | | 6.16 | | | | | | 0.75 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 0.86 | | | | | | 176,397 | | | | | | 45 | | |
12-31-15 | | | | | 13.60 | | | | | | 0.07• | | | | | | (0.11) | | | | | | (0.04) | | | | | | 0.38 | | | | | | 2.03 | | | | | | — | | | | | | 2.41 | | | | | | — | | | | | | 11.15 | | | | | | (1.15) | | | | | | 0.75 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 0.58 | | | | | | 197,360 | | | | | | 41 | | |
12-31-14 | | | | | 14.55 | | | | | | 0.08• | | | | | | 0.73 | | | | | | 0.81 | | | | | | 0.22 | | | | | | 1.54 | | | | | | — | | | | | | 1.76 | | | | | | — | | | | | | 13.60 | | | | | | 5.84 | | | | | | 0.74 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 0.55 | | | | | | 237,641 | | | | | | 58 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.75 | | | | | | 0.18 | | | | | | (1.37) | | | | | | (1.19) | | | | | | 0.22 | | | | | | 0.61 | | | | | | — | | | | | | 0.83 | | | | | | — | | | | | | 10.73 | | | | | | (10.08) | | | | | | 0.25 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.49 | | | | | | 211,781 | | | | | | 53 | | |
12-31-17 | | | | | 10.92 | | | | | | 0.17• | | | | | | 2.14 | | | | | | 2.31 | | | | | | 0.16 | | | | | | 0.32 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 12.75 | | | | | | 21.53 | | | | | | 0.25 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 1.42 | | | | | | 235,122 | | | | | | 37 | | |
12-31-16 | | | | | 11.44 | | | | | | 0.15 | | | | | | 0.57 | | | | | | 0.72 | | | | | | 0.22 | | | | | | 1.02 | | | | | | — | | | | | | 1.24 | | | | | | — | | | | | | 10.92 | | | | | | 6.63 | | | | | | 0.25 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.41 | | | | | | 171,475 | | | | | | 45 | | |
12-31-15 | | | | | 13.90 | | | | | | 0.15• | | | | | | (0.12) | | | | | | 0.03 | | | | | | 0.46 | | | | | | 2.03 | | | | | | — | | | | | | 2.49 | | | | | | — | | | | | | 11.44 | | | | | | (0.59) | | | | | | 0.25 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.15 | | | | | | 169,325 | | | | | | 41 | | |
12-31-14 | | | | | 14.84 | | | | | | 0.15 | | | | | | 0.75 | | | | | | 0.90 | | | | | | 0.30 | | | | | | 1.54 | | | | | | — | | | | | | 1.84 | | | | | | — | | | | | | 13.90 | | | | | | 6.34 | | | | | | 0.24 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.04 | | | | | | 161,654 | | | | | | 58 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.57 | | | | | | 0.15• | | | | | | (1.35) | | | | | | (1.20) | | | | | | 0.18 | | | | | | 0.61 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 10.58 | | | | | | (10.23) | | | | | | 0.50 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.20 | | | | | | 209,647 | | | | | | 53 | | |
12-31-17 | | | | | 10.77 | | | | | | 0.13• | | | | | | 2.12 | | | | | | 2.25 | | | | | | 0.13 | | | | | | 0.32 | | | | | | — | | | | | | 0.45 | | | | | | — | | | | | | 12.57 | | | | | | 21.25 | | | | | | 0.50 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 1.11 | | | | | | 269,521 | | | | | | 37 | | |
12-31-16 | | | | | 11.29 | | | | | | 0.14 | | | | | | 0.55 | | | | | | 0.69 | | | | | | 0.19 | | | | | | 1.02 | | | | | | — | | | | | | 1.21 | | | | | | — | | | | | | 10.77 | | | | | | 6.40 | | | | | | 0.50 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.14 | | | | | | 256,935 | | | | | | 45 | | |
12-31-15 | | | | | 13.76 | | | | | | 0.12 | | | | | | (0.14) | | | | | | (0.02) | | | | | | 0.42 | | | | | | 2.03 | | | | | | — | | | | | | 2.45 | | | | | | — | | | | | | 11.29 | | | | | | (0.95) | | | | | | 0.50 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 0.85 | | | | | | 270,222 | | | | | | 41 | | |
12-31-14 | | | | | 14.70 | | | | | | 0.12• | | | | | | 0.73 | | | | | | 0.85 | | | | | | 0.25 | | | | | | 1.54 | | | | | | — | | | | | | 1.79 | | | | | | — | | | | | | 13.76 | | | | | | 6.10 | | | | | | 0.49 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 0.83 | | | | | | 301,617 | | | | | | 58 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.25 | | | | | | 0.12• | | | | | | (1.30) | | | | | | (1.18) | | | | | | 0.15 | | | | | | 0.61 | | | | | | — | | | | | | 0.76 | | | | | | — | | | | | | 10.31 | | | | | | (10.34) | | | | | | 0.65 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 1.03 | | | | | | 7,504 | | | | | | 53 | | |
12-31-17 | | | | | 10.51 | | | | | | 0.09• | | | | | | 2.08 | | | | | | 2.17 | | | | | | 0.11 | | | | | | 0.32 | | | | | | — | | | | | | 0.43 | | | | | | — | | | | | | 12.25 | | | | | | 21.02 | | | | | | 0.65 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 0.82 | | | | | | 9,902 | | | | | | 37 | | |
12-31-16 | | | | | 11.04 | | | | | | 0.11 | | | | | | 0.55 | | | | | | 0.66 | | | | | | 0.17 | | | | | | 1.02 | | | | | | — | | | | | | 1.19 | | | | | | — | | | | | | 10.51 | | | | | | 6.28 | | | | | | 0.68 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 0.96 | | | | | | 12,687 | | | | | | 45 | | |
12-31-15 | | | | | 13.49 | | | | | | 0.08• | | | | | | (0.11) | | | | | | (0.03) | | | | | | 0.39 | | | | | | 2.03 | | | | | | — | | | | | | 2.42 | | | | | | — | | | | | | 11.04 | | | | | | (1.07) | | | | | | 0.75 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 0.65 | | | | | | 13,402 | | | | | | 41 | | |
12-31-14 | | | | | 14.45 | | | | | | 0.09• | | | | | | 0.72 | | | | | | 0.81 | | | | | | 0.23 | | | | | | 1.54 | | | | | | — | | | | | | 1.77 | | | | | | — | | | | | | 13.49 | | | | | | 5.87 | | | | | | 0.74 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 0.67 | | | | | | 19,353 | | | | | | 58 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.77 | | | | | | 0.06• | | | | | | (1.34) | | | | | | (1.28) | | | | | | 0.14 | | | | | | 0.61 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 10.74 | | | | | | (10.72) | | | | | | 0.95 | | | | | | 0.89 | | | | | | 0.89 | | | | | | 0.44 | | | | | | 220 | | | | | | 53 | | |
12-31-17 | | | | | 10.95 | | | | | | 0.08 | | | | | | 2.15 | | | | | | 2.23 | | | | | | 0.09 | | | | | | 0.32 | | | | | | — | | | | | | 0.41 | | | | | | — | | | | | | 12.77 | | | | | | 20.69 | | | | | | 0.95 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.70 | | | | | | 508 | | | | | | 37 | | |
12-31-16 | | | | | 11.46 | | | | | | 0.07 | | | | | | 0.58 | | | | | | 0.65 | | | | | | 0.14 | | | | | | 1.02 | | | | | | — | | | | | | 1.16 | | | | | | — | | | | | | 10.95 | | | | | | 5.94 | | | | | | 0.97 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.70 | | | | | | 418 | | | | | | 45 | | |
12-31-15 | | | | | 13.77 | | | | | | 0.06• | | | | | | (0.13) | | | | | | (0.07) | | | | | | 0.21 | | | | | | 2.03 | | | | | | — | | | | | | 2.24 | | | | | | — | | | | | | 11.46 | | | | | | (1.31) | | | | | | 1.00 | | | | | | 0.89 | | | | | | 0.89 | | | | | | 0.44 | | | | | | 393 | | | | | | 41 | | |
12-31-14 | | | | | 14.73 | | | | | | (0.00)*• | | | | | | 0.78 | | | | | | 0.78 | | | | | | 0.20 | | | | | | 1.54 | | | | | | — | | | | | | 1.74 | | | | | | — | | | | | | 13.77 | | | | | | 5.53 | | | | | | 0.99 | | | | | | 0.88 | | | | | | 0.88 | | | | | | (0.00)* | | | | | | 376 | | | | | | 58 | | |
Voya Solution 2050 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.33 | | | | | | 0.17• | | | | | | (1.93) | | | | | | (1.76) | | | | | | 0.16 | | | | | | 0.83 | | | | | | — | | | | | | 0.99 | | | | | | — | | | | | | 14.58 | | | | | | (10.82) | | | | | | 0.86 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.03 | | | | | | 8,144 | | | | | | 86 | | |
12-31-17 | | | | | 14.57 | | | | | | 0.18• | | | | | | 2.89 | | | | | | 3.07 | | | | | | 0.06 | | | | | | 0.25 | | | | | | — | | | | | | 0.31 | | | | | | — | | | | | | 17.33 | | | | | | 21.30 | | | | | | 0.93 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 1.11 | | | | | | 6,983 | | | | | | 52 | | |
12-31-16 | | | | | 13.86 | | | | | | 0.18• | | | | | | 0.68 | | | | | | 0.86 | | | | | | 0.04 | | | | | | 0.11 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 14.57 | | | | | | 6.27 | | | | | | 1.22 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.26 | | | | | | 3,184 | | | | | | 70 | | |
12-31-15 | | | | | 14.95 | | | | | | 0.18• | | | | | | (0.19) | | | | | | (0.01) | | | | | | 0.35 | | | | | | 0.73 | | | | | | — | | | | | | 1.08 | | | | | | — | | | | | | 13.86 | | | | | | (0.33) | | | | | | 3.24 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 1.22 | | | | | | 960 | | | | | | 67 | | |
12-31-14 | | | | | 14.16 | | | | | | 0.17• | | | | | | 0.74 | | | | | | 0.91 | | | | | | 0.01 | | | | | | 0.11 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 14.95 | | | | | | 6.49 | | | | | | 6.49 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.15 | | | | | | 355 | | | | | | 51 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2050 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.81 | | | | | | 0.27• | | | | | | (1.99) | | | | | | (1.72) | | | | | | 0.22 | | | | | | 0.83 | | | | | | — | | | | | | 1.05 | | | | | | — | | | | | | 15.04 | | | | | | (10.37) | | | | | | 0.36 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.55 | | | | | | 6,320 | | | | | | 86 | | |
12-31-17 | | | | | 14.91 | | | | | | 0.28• | | | | | | 2.97 | | | | | | 3.25 | | | | | | 0.10 | | | | | | 0.25 | | | | | | — | | | | | | 0.35 | | | | | | — | | | | | | 17.81 | | | | | | 21.99 | | | | | | 0.43 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 1.70 | | | | | | 5,705 | | | | | | 52 | | |
12-31-16 | | | | | 14.13 | | | | | | 0.28• | | | | | | 0.67 | | | | | | 0.95 | | | | | | 0.06 | | | | | | 0.11 | | | | | | — | | | | | | 0.17 | | | | | | — | | | | | | 14.91 | | | | | | 6.75 | | | | | | 0.72 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.92 | | | | | | 1,452 | | | | | | 70 | | |
12-31-15 | | | | | 15.15 | | | | | | 0.53• | | | | | | (0.43) | | | | | | 0.10 | | | | | | 0.39 | | | | | | 0.73 | | | | | | — | | | | | | 1.12 | | | | | | — | | | | | | 14.13 | | | | | | 0.38 | | | | | | 2.74 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 3.80 | | | | | | 387 | | | | | | 67 | | |
12-31-14 | | | | | 14.26 | | | | | | 0.14 | | | | | | 0.86 | | | | | | 1.00 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 15.15 | | | | | | 7.04 | | | | | | 5.99 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 0.97 | | | | | | 5 | | | | | | 51 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.65 | | | | | | 0.23• | | | | | | (1.98) | | | | | | (1.75) | | | | | | 0.19 | | | | | | 0.83 | | | | | | — | | | | | | 1.02 | | | | | | — | | | | | | 14.88 | | | | | | (10.61) | | | | | | 0.61 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.34 | | | | | | 5,413 | | | | | | 86 | | |
12-31-17 | | | | | 14.81 | | | | | | 0.22• | | | | | | 2.95 | | | | | | 3.17 | | | | | | 0.08 | | | | | | 0.25 | | | | | | — | | | | | | 0.33 | | | | | | — | | | | | | 17.65 | | | | | | 21.63 | | | | | | 0.68 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.33 | | | | | | 4,424 | | | | | | 52 | | |
12-31-16 | | | | | 14.06 | | | | | | 0.24• | | | | | | 0.68 | | | | | | 0.92 | | | | | | 0.06 | | | | | | 0.11 | | | | | | — | | | | | | 0.17 | | | | | | — | | | | | | 14.81 | | | | | | 6.56 | | | | | | 0.97 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.71 | | | | | | 1,996 | | | | | | 70 | | |
12-31-15 | | | | | 15.09 | | | | | | 0.38• | | | | | | (0.34) | | | | | | 0.04 | | | | | | 0.34 | | | | | | 0.73 | | | | | | — | | | | | | 1.07 | | | | | | — | | | | | | 14.06 | | | | | | 0.00 | | | | | | 2.99 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 2.70 | | | | | | 317 | | | | | | 67 | | |
12-31-14 | | | | | 14.25 | | | | | | 0.13 | | | | | | 0.82 | | | | | | 0.95 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 15.09 | | | | | | 6.69 | | | | | | 6.24 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 0.87 | | | | | | 5 | | | | | | 51 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.43 | | | | | | 0.22• | | | | | | (1.97) | | | | | | (1.75) | | | | | | 0.18 | | | | | | 0.83 | | | | | | — | | | | | | 1.01 | | | | | | — | | | | | | 14.67 | | | | | | (10.75) | | | | | | 0.76 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.32 | | | | | | 423 | | | | | | 86 | | |
12-31-17 | | | | | 14.64 | | | | | | 0.20• | | | | | | 2.91 | | | | | | 3.11 | | | | | | 0.07 | | | | | | 0.25 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 17.43 | | | | | | 21.47 | | | | | | 0.83 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.21 | | | | | | 309 | | | | | | 52 | | |
12-31-16 | | | | | 13.93 | | | | | | 0.20• | | | | | | 0.67 | | | | | | 0.87 | | | | | | 0.05 | | | | | | 0.11 | | | | | | — | | | | | | 0.16 | | | | | | — | | | | | | 14.64 | | | | | | 6.32 | | | | | | 1.15 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.44 | | | | | | 142 | | | | | | 70 | | |
12-31-15 | | | | | 14.97 | | | | | | 0.13• | | | | | | (0.11) | | | | | | 0.02 | | | | | | 0.33 | | | | | | 0.73 | | | | | | — | | | | | | 1.06 | | | | | | — | | | | | | 13.93 | | | | | | (0.17) | | | | | | 3.24 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 0.89 | | | | | | 9 | | | | | | 67 | | |
12-31-14 | | | | | 14.15 | | | | | | 0.08 | | | | | | 0.85 | | | | | | 0.93 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 14.97 | | | | | | 6.59 | | | | | | 6.49 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 5 | | | | | | 51 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 17.39 | | | | | | 0.14 | | | | | | (1.94) | | | | | | (1.80) | | | | | | 0.13 | | | | | | 0.83 | | | | | | — | | | | | | 0.96 | | | | | | — | | | | | | 14.63 | | | | | | (11.01) | | | | | | 1.06 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.89 | | | | | | 20 | | | | | | 86 | | |
12-31-17 | | | | | 14.60 | | | | | | 0.17• | | | | | | 2.89 | | | | | | 3.06 | | | | | | 0.02 | | | | | | 0.25 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 17.39 | | | | | | 21.15 | | | | | | 1.13 | | | | | | 0.85 | | | | | | 0.85 | | | | | | 1.05 | | | | | | 20 | | | | | | 52 | | |
12-31-16 | | | | | 13.88 | | | | | | 0.13• | | | | | | 0.70 | | | | | | 0.83 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 14.60 | | | | | | 6.02 | | | | | | 1.44 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.96 | | | | | | 10 | | | | | | 70 | | |
12-31-15 | | | | | 14.95 | | | | | | 0.08 | | | | | | (0.13) | | | | | | (0.05) | | | | | | 0.29 | | | | | | 0.73 | | | | | | — | | | | | | 1.02 | | | | | | — | | | | | | 13.88 | | | | | | (0.60) | | | | | | 3.49 | | | | | | 0.89 | | | | | | 0.89 | | | | | | 0.51 | | | | | | 4 | | | | | | 67 | | |
12-31-14 | | | | | 14.17 | | | | | | 0.04 | | | | | | 0.85 | | | | | | 0.89 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 0.11 | | | | | | — | | | | | | 14.95 | | | | | | 6.30 | | | | | | 6.74 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.28 | | | | | | 5 | | | | | | 51 | | |
Voya Solution 2055 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 14.49 | | | | | | 0.13 | | | | | | (1.60) | | | | | | (1.47) | | | | | | 0.15 | | | | | | 0.52 | | | | | | — | | | | | | 0.67 | | | | | | — | | | | | | 12.35 | | | | | | (10.72) | | | | | | 0.76 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 0.90 | | | | | | 39,621 | | | | | | 62 | | |
12-31-17 | | | | | 12.27 | | | | | | 0.11• | | | | | | 2.49 | | | | | | 2.60 | | | | | | 0.10 | | | | | | 0.28 | | | | | | — | | | | | | 0.38 | | | | | | — | | | | | | 14.49 | | | | | | 21.40 | | | | | | 0.76 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.82 | | | | | | 47,367 | | | | | | 40 | | |
12-31-16 | | | | | 12.52 | | | | | | 0.11 | | | | | | 0.64 | | | | | | 0.75 | | | | | | 0.15 | | | | | | 0.85 | | | | | | — | | | | | | 1.00 | | | | | | — | | | | | | 12.27 | | | | | | 6.13 | | | | | | 0.76 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 0.88 | | | | | | 42,793 | | | | | | 58 | | |
12-31-15 | | | | | 14.27 | | | | | | 0.08• | | | | | | (0.17) | | | | | | (0.09) | | | | | | 0.32 | | | | | | 1.34 | | | | | | — | | | | | | 1.66 | | | | | | — | | | | | | 12.52 | | | | | | (1.15) | | | | | | 0.76 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 0.61 | | | | | | 41,770 | | | | | | 41 | | |
12-31-14 | | | | | 14.46 | | | | | | 0.09• | | | | | | 0.76 | | | | | | 0.85 | | | | | | 0.18 | | | | | | 0.86 | | | | | | — | | | | | | 1.04 | | | | | | — | | | | | | 14.27 | | | | | | 6.03 | | | | | | 0.77 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 0.60 | | | | | | 38,558 | | | | | | 72 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 14.78 | | | | | | 0.21• | | | | | | (1.64) | | | | | | (1.43) | | | | | | 0.22 | | | | | | 0.52 | | | | | | — | | | | | | 0.74 | | | | | | — | | | | | | 12.61 | | | | | | (10.29) | | | | | | 0.26 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.48 | | | | | | 77,961 | | | | | | 62 | | |
12-31-17 | | | | | 12.51 | | | | | | 0.20• | | | | | | 2.51 | | | | | | 2.71 | | | | | | 0.16 | | | | | | 0.28 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 14.78 | | | | | | 21.94 | | | | | | 0.26 | | | | | | 0.16 | | | | | | 0.16 | | | | | | 1.42 | | | | | | 73,894 | | | | | | 40 | | |
12-31-16 | | | | | 12.74 | | | | | | 0.18• | | | | | | 0.65 | | | | | | 0.83 | | | | | | 0.21 | | | | | | 0.85 | | | | | | — | | | | | | 1.06 | | | | | | — | | | | | | 12.51 | | | | | | 6.72 | | | | | | 0.26 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.46 | | | | | | 44,519 | | | | | | 58 | | |
12-31-15 | | | | | 14.49 | | | | | | 0.17• | | | | | | (0.19) | | | | | | (0.02) | | | | | | 0.39 | | | | | | 1.34 | | | | | | — | | | | | | 1.73 | | | | | | — | | | | | | 12.74 | | | | | | (0.67) | | | | | | 0.26 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 1.22 | | | | | | 36,692 | | | | | | 41 | | |
12-31-14 | | | | | 14.65 | | | | | | 0.17• | | | | | | 0.76 | | | | | | 0.93 | | | | | | 0.23 | | | | | | 0.86 | | | | | | — | | | | | | 1.09 | | | | | | — | | | | | | 14.49 | | | | | | 6.56 | | | | | | 0.27 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.15 | | | | | | 24,787 | | | | | | 72 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2055 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 14.62 | | | | | | 0.17• | | | | | | (1.63) | | | | | | (1.46) | | | | | | 0.18 | | | | | | 0.52 | | | | | | — | | | | | | 0.70 | | | | | | — | | | | | | 12.46 | | | | | | (10.56) | | | | | | 0.51 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.19 | | | | | | 49,077 | | | | | | 62 | | |
12-31-17 | | | | | 12.38 | | | | | | 0.15• | | | | | | 2.50 | | | | | | 2.65 | | | | | | 0.13 | | | | | | 0.28 | | | | | | — | | | | | | 0.41 | | | | | | — | | | | | | 14.62 | | | | | | 21.66 | | | | | | 0.51 | | | | | | 0.41 | | | | | | 0.41 | | | | | | 1.08 | | | | | | 58,217 | | | | | | 40 | | |
12-31-16 | | | | | 12.62 | | | | | | 0.13 | | | | | | 0.66 | | | | | | 0.79 | | | | | | 0.18 | | | | | | 0.85 | | | | | | — | | | | | | 1.03 | | | | | | — | | | | | | 12.38 | | | | | | 6.44 | | | | | | 0.51 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.16 | | | | | | 51,294 | | | | | | 58 | | |
12-31-15 | | | | | 14.37 | | | | | | 0.12• | | | | | | (0.17) | | | | | | (0.05) | | | | | | 0.36 | | | | | | 1.34 | | | | | | — | | | | | | 1.70 | | | | | | — | | | | | | 12.62 | | | | | | (0.87) | | | | | | 0.51 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 0.86 | | | | | | 46,913 | | | | | | 41 | | |
12-31-14 | | | | | 14.55 | | | | | | 0.14• | | | | | | 0.74 | | | | | | 0.88 | | | | | | 0.20 | | | | | | 0.86 | | | | | | — | | | | | | 1.06 | | | | | | — | | | | | | 14.37 | | | | | | 6.25 | | | | | | 0.52 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 0.93 | | | | | | 43,206 | | | | | | 72 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 14.54 | | | | | | 0.15 | | | | | | (1.62) | | | | | | (1.47) | | | | | | 0.16 | | | | | | 0.52 | | | | | | — | | | | | | 0.68 | | | | | | — | | | | | | 12.39 | | | | | | (10.68) | | | | | | 0.66 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.03 | | | | | | 2,720 | | | | | | 62 | | |
12-31-17 | | | | | 12.31 | | | | | | 0.12• | | | | | | 2.50 | | | | | | 2.62 | | | | | | 0.11 | | | | | | 0.28 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 14.54 | | | | | | 21.52 | | | | | | 0.66 | | | | | | 0.56 | | | | | | 0.56 | | | | | | 0.89 | | | | | | 3,250 | | | | | | 40 | | |
12-31-16 | | | | | 12.56 | | | | | | 0.11 | | | | | | 0.65 | | | | | | 0.76 | | | | | | 0.16 | | | | | | 0.85 | | | | | | — | | | | | | 1.01 | | | | | | — | | | | | | 12.31 | | | | | | 6.24 | | | | | | 0.69 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 0.93 | | | | | | 2,996 | | | | | | 58 | | |
12-31-15 | | | | | 14.31 | | | | | | 0.10 | | | | | | (0.17) | | | | | | (0.07) | | | | | | 0.34 | | | | | | 1.34 | | | | | | — | | | | | | 1.68 | | | | | | — | | | | | | 12.56 | | | | | | (1.04) | | | | | | 0.76 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 0.71 | | | | | | 3,014 | | | | | | 41 | | |
12-31-14 | | | | | 14.50 | | | | | | 0.11• | | | | | | 0.75 | | | | | | 0.86 | | | | | | 0.19 | | | | | | 0.86 | | | | | | — | | | | | | 1.05 | | | | | | — | | | | | | 14.31 | | | | | | 6.12 | | | | | | 0.77 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 0.78 | | | | | | 3,071 | | | | | | 72 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 14.73 | | | | | | 0.08• | | | | | | (1.61) | | | | | | (1.53) | | | | | | 0.10 | | | | | | 0.52 | | | | | | — | | | | | | 0.62 | | | | | | — | | | | | | 12.58 | | | | | | (10.91) | | | | | | 0.96 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.58 | | | | | | 18 | | | | | | 62 | | |
12-31-17 | | | | | 12.50 | | | | | | 0.09• | | | | | | 2.52 | | | | | | 2.61 | | | | | | 0.10 | | | | | | 0.28 | | | | | | — | | | | | | 0.38 | | | | | | — | | | | | | 14.73 | | | | | | 21.08 | | | | | | 0.96 | | | | | | 0.86 | | | | | | 0.86 | | | | | | 0.67 | | | | | | 32 | | | | | | 40 | | |
12-31-16 | | | | | 12.78 | | | | | | 0.12• | | | | | | 0.62 | | | | | | 0.74 | | | | | | 0.17 | | | | | | 0.85 | | | | | | — | | | | | | 1.02 | | | | | | — | | | | | | 12.50 | | | | | | 5.96 | | | | | | 0.98 | | | | | | 0.89 | | | | | | 0.89 | | | | | | 0.96 | | | | | | 25 | | | | | | 58 | | |
12-31-15 | | | | | 14.25 | | | | | | 0.08• | | | | | | (0.21) | | | | | | (0.13) | | | | | | — | | | | | | 1.34 | | | | | | — | | | | | | 1.34 | | | | | | — | | | | | | 12.78 | | | | | | (1.36) | | | | | | 1.01 | | | | | | 0.90 | | | | | | 0.90 | | | | | | 0.56 | | | | | | 9 | | | | | | 41 | | |
12-31-14 | | | | | 14.44 | | | | | | (0.06)• | | | | | | 0.90 | | | | | | 0.84 | | | | | | 0.17 | | | | | | 0.86 | | | | | | — | | | | | | 1.03 | | | | | | — | | | | | | 14.25 | | | | | | 6.00 | | | | | | 1.02 | | | | | | 0.88 | | | | | | 0.88 | | | | | | (0.40) | | | | | | 5 | | | | | | 72 | | |
Voya Solution 2060 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | |
12-31-18 | | | | | 12.39 | | | | | | 0.13• | | | | | | (1.38) | | | | | | (1.25) | | | | | | 0.11 | | | | | | 0.58 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 10.45 | | | | | | (10.76) | | | | | | 0.96 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 1.12 | | | | | | 4,593 | | | | | | 84 | | |
12-31-17 | | | | | 10.42 | | | | | | 0.13• | | | | | | 2.08 | | | | | | 2.21 | | | | | | 0.04 | | | | | | 0.20 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 12.39 | | | | | | 21.42 | | | | | | 1.10 | | | | | | 0.67 | | | | | | 0.67 | | | | | | 1.11 | | | | | | 3,202 | | | | | | 65 | | |
12-31-16 | | | | | 9.89 | | | | | | 0.15• | | | | | | 0.48 | | | | | | 0.63 | | | | | | 0.04 | | | | | | 0.06 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 10.42 | | | | | | 6.34 | | | | | | 1.97 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 1.50 | | | | | | 1,395 | | | | | | 82 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.25• | | | | | | (0.36) | | | | | | (0.11) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.89 | | | | | | (1.10) | | | | | | 19.06 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 2.85 | | | | | | 191 | | | | | | 78 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.53 | | | | | | 0.19• | | | | | | (1.41) | | | | | | (1.22) | | | | | | 0.13 | | | | | | 0.58 | | | | | | — | | | | | | 0.71 | | | | | | — | | | | | | 10.60 | | | | | | (10.35) | | | | | | 0.46 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.57 | | | | | | 2,570 | | | | | | 84 | | |
12-31-17 | | | | | 10.49 | | | | | | 0.20• | | | | | | 2.10 | | | | | | 2.30 | | | | | | 0.06 | | | | | | 0.20 | | | | | | — | | | | | | 0.26 | | | | | | — | | | | | | 12.53 | | | | | | 22.15 | | | | | | 0.60 | | | | | | 0.17 | | | | | | 0.17 | | | | | | 1.73 | | | | | | 2,160 | | | | | | 65 | | |
12-31-16 | | | | | 9.92 | | | | | | 0.16• | | | | | | 0.51 | | | | | | 0.67 | | | | | | 0.04 | | | | | | 0.06 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 10.49 | | | | | | 6.73 | | | | | | 1.47 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.56 | | | | | | 606 | | | | | | 82 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.27• | | | | | | (0.35) | | | | | | (0.08) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.92 | | | | | | (0.80) | | | | | | 18.56 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 3.11 | | | | | | 317 | | | | | | 78 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.40 | | | | | | 0.16• | | | | | | (1.39) | | | | | | (1.23) | | | | | | 0.12 | | | | | | 0.58 | | | | | | — | | | | | | 0.70 | | | | | | — | | | | | | 10.47 | | | | | | (10.60) | | | | | | 0.71 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.30 | | | | | | 3,440 | | | | | | 84 | | |
12-31-17 | | | | | 10.41 | | | | | | 0.15• | | | | | | 2.10 | | | | | | 2.25 | | | | | | 0.06 | | | | | | 0.20 | | | | | | — | | | | | | 0.26 | | | | | | — | | | | | | 12.40 | | | | | | 21.81 | | | | | | 0.85 | | | | | | 0.42 | | | | | | 0.42 | | | | | | 1.30 | | | | | | 2,825 | | | | | | 65 | | |
12-31-16 | | | | | 9.86 | | | | | | 0.17• | | | | | | 0.48 | | | | | | 0.65 | | | | | | 0.04 | | | | | | 0.06 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 10.41 | | | | | | 6.56 | | | | | | 1.72 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.68 | | | | | | 836 | | | | | | 82 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.27• | | | | | | (0.41) | | | | | | (0.14) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.86 | | | | | | (1.40) | | | | | | 18.81 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 3.06 | | | | | | 140 | | | | | | 78 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Solution 2060 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | �� | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.40 | | | | | | 0.15• | | | | | | (1.40) | | | | | | (1.25) | | | | | | 0.11 | | | | | | 0.58 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 10.46 | | | | | | (10.70) | | | | | | 0.86 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 1.23 | | | | | | 247 | | | | | | 84 | | |
12-31-17 | | | | | 10.42 | | | | | | 0.17• | | | | | | 2.05 | | | | | | 2.22 | | | | | | 0.04 | | | | | | 0.20 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 12.40 | | | | | | 21.56 | | | | | | 1.00 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 1.45 | | | | | | 180 | | | | | | 65 | | |
12-31-16 | | | | | 9.89 | | | | | | 0.09• | | | | | | 0.54 | | | | | | 0.63 | | | | | | 0.04 | | | | | | 0.06 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 10.42 | | | | | | 6.34 | | | | | | 1.90 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 0.92 | | | | | | 32 | | | | | | 82 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.24• | | | | | | (0.35) | | | | | | (0.11) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.89 | | | | | | (1.10) | | | | | | 19.06 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 2.66 | | | | | | 26 | | | | | | 78 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.33 | | | | | | 0.08 | | | | | | (1.37) | | | | | | (1.29) | | | | | | 0.06 | | | | | | 0.58 | | | | | | — | | | | | | 0.64 | | | | | | — | | | | | | 10.40 | | | | | | (11.08) | | | | | | 1.16 | | | | | | 0.89 | | | | | | 0.89 | | | | | | 0.73 | | | | | | 3 | | | | | | 84 | | |
12-31-17 | | | | | 10.35 | | | | | | 0.08• | | | | | | 2.10 | | | | | | 2.18 | | | | | | — | | | | | | 0.20 | | | | | | — | | | | | | 0.20 | | | | | | — | | | | | | 12.33 | | | | | | 21.24 | | | | | | 1.30 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.69 | | | | | | 4 | | | | | | 65 | | |
12-31-16 | | | | | 9.86 | | | | | | 0.07 | | | | | | 0.51 | | | | | | 0.58 | | | | | | 0.03 | | | | | | 0.06 | | | | | | — | | | | | | 0.09 | | | | | | — | | | | | | 10.35 | | | | | | 5.91 | | | | | | 2.19 | | | | | | 0.89 | | | | | | 0.89 | | | | | | 0.67 | | | | | | 3 | | | | | | 82 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.05 | | | | | | (0.19) | | | | | | (0.14) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.86 | | | | | | (1.40) | | | | | | 19.31 | | | | | | 0.90 | | | | | | 0.90 | | | | | | 0.58 | | | | | | 3 | | | | | | 78 | | |
| | | Purchased | | | Sold | | ||||||
Solution Balanced | | | | $ | 1,773,863 | | | | | $ | 1,896,300 | | |
Solution Income | | | | | 9,698,611 | | | | | | 9,723,885 | | |
Solution Moderately Aggressive | | | | | 22,018,821 | | | | | | 22,131,938 | | |
Solution Moderately Conservative | | | | | 967,562 | | | | | | 881,250 | | |
Solution 2025 | | | | | 20,038,742 | | | | | | 20,127,325 | | |
Solution 2035 | | | | | 25,651,455 | | | | | | 25,720,896 | | |
Solution 2045 | | | | | 21,540,488 | | | | | | 21,591,590 | | |
Solution 2055 | | | | | 6,160,280 | | | | | | 6,208,647 | | |
| | | Purchases | | | Sales | | ||||||
Solution Aggressive | | | | $ | 14,570,720 | | | | | $ | 11,957,222 | | |
Solution Balanced | | | | | 34,038,548 | | | | | | 42,319,667 | | |
Solution Conservative | | | | | 12,104,888 | | | | | | 10,844,300 | | |
Solution Income | | | | | 151,574,227 | | | | | | 216,967,368 | | |
Solution Moderately Aggressive | | | | | 302,558,442 | | | | | | 388,903,013 | | |
Solution Moderately Conservative | | | | | 17,867,138 | | | | | | 19,058,963 | | |
Solution 2020 | | | | | 32,156,961 | | | | | | 29,168,781 | | |
Solution 2025 | | | | | 409,081,838 | | | | | | 491,968,826 | | |
Solution 2030 | | | | | 31,289,840 | | | | | | 28,336,319 | | |
Solution 2035 | | | | | 443,360,580 | | | | | | 515,082,688 | | |
Solution 2040 | | | | | 24,398,605 | | | | | | 20,908,440 | | |
Solution 2045 | | | | | 350,845,867 | | | | | | 409,371,256 | | |
Solution 2050 | | | | | 23,558,505 | | | | | | 17,916,790 | | |
Solution 2055 | | | | | 123,737,384 | | | | | | 115,712,298 | | |
Solution 2060 | | | | | 12,694,545 | | | | | | 8,810,613 | | |
Entity | | | Portfolio | | | Percentage | | |||
Voya Institutional Trust Company | | | Solution Balanced | | | | | 7.79% | | |
| | | Solution Income | | | | | 41.10 | | |
| | | Solution 2020 | | | | | 16.31 | | |
| | | Solution 2025 | | | | | 38.47 | | |
| | | Solution 2030 | | | | | 16.73 | | |
| | | Solution 2035 | | | | | 37.39 | | |
| | | Solution 2040 | | | | | 8.02 | | |
| | | Solution 2045 | | | | | 37.66 | | |
| | | Solution 2050 | | | | | 9.60 | | |
| | | Solution 2055 | | | | | 42.09 | | |
| | | Solution 2060 | | | | | 10.87 | | |
Voya Insurance and Annuity Company | | | Solution Moderately Aggressive | | | | | 90.53 | | |
Entity | | | Portfolio | | | Percentage | | |||
Voya Retirement Insurance and Annuity Company | | | Solution Aggressive | | | | | 95.95 | | |
| | | Solution Balanced | | | | | 92.21 | | |
| | | Solution Conservative | | | | | 96.76 | | |
| | | Solution Income | | | | | 53.53 | | |
| | | Solution Moderately Aggressive | | | | | 5.17 | | |
| | | Solution Moderately Conservative | | | | | 99.71 | | |
| | | Solution 2020 | | | | | 83.68 | | |
| | | Solution 2025 | | | | | 58.64 | | |
| | | Solution 2030 | | | | | 83.06 | | |
| | | Solution 2035 | | | | | 60.58 | | |
| | | Solution 2040 | | | | | 91.96 | | |
| | | Solution 2045 | | | | | 60.59 | | |
| | | Solution 2050 | | | | | 90.37 | | |
| | | Solution 2055 | | | | | 57.85 | | |
| | | Solution 2060 | | | | | 89.10 | | |
Portfolio(1) | | | Class ADV | | | Class I | | | Class R6 | | | Class S | | | Class S2 | | | Class T | | ||||||||||||||||||
Solution Aggressive | | | | | 1.39% | | | | | | 0.89% | | | | | | 0.89% | | | | | | 1.14% | | | | | | 1.29% | | | | | | N/A | | |
Solution Balanced | | | | | 1.30% | | | | | | 0.80% | | | | | | 0.80% | | | | | | 1.05% | | | | | | 1.20% | | | | | | N/A | | |
Solution Conservative | | | | | 1.16% | | | | | | 0.66% | | | | | | 0.66% | | | | | | 0.91% | | | | | | 1.06% | | | | | | N/A | | |
Solution Income | | | | | 1.18% | | | | | | 0.68% | | | | | | N/A | | | | | | 0.93% | | | | | | 1.08% | | | | | | 1.38% | | |
Solution Moderately Aggressive | | | | | 1.38% | | | | | | 0.88% | | | | | | 0.88% | | | | | | 1.13% | | | | | | 1.28% | | | | | | N/A | | |
Solution Moderately Conservative | | | | | 1.24% | | | | | | 0.74% | | | | | | 0.74% | | | | | | 0.99% | | | | | | 1.14% | | | | | | N/A | | |
Solution 2020 | | | | | 1.22% | | | | | | 0.72% | | | | | | N/A | | | | | | 0.97% | | | | | | 1.12% | | | | | | 1.42% | | |
Solution 2025 | | | | | 1.28% | | | | | | 0.78% | | | | | | N/A | | | | | | 1.03% | | | | | | 1.18% | | | | | | 1.48% | | |
Solution 2030 | | | | | 1.29% | | | | | | 0.79% | | | | | | N/A | | | | | | 1.04% | | | | | | 1.19% | | | | | | 1.49% | | |
Solution 2035 | | | | | 1.33% | | | | | | 0.83% | | | | | | N/A | | | | | | 1.08% | | | | | | 1.23% | | | | | | 1.53% | | |
Solution 2040 | | | | | 1.33% | | | | | | 0.83% | | | | | | N/A | | | | | | 1.08% | | | | | | 1.23% | | | | | | 1.53% | | |
Solution 2045 | | | | | 1.36% | | | | | | 0.86% | | | | | | N/A | | | | | | 1.11% | | | | | | 1.26% | | | | | | 1.56% | | |
Solution 2050 | | | | | 1.36% | | | | | | 0.86% | | | | | | N/A | | | | | | 1.11% | | | | | | 1.26% | | | | | | 1.56% | | |
Solution 2055 | | | | | 1.36% | | | | | | 0.86% | | | | | | N/A | | | | | | 1.11% | | | | | | 1.26% | | | | | | 1.56% | | |
Solution 2060 | | | | | 1.37% | | | | | | 0.87% | | | | | | N/A | | | | | | 1.12% | | | | | | 1.27% | | | | | | 1.57% | | |
| | | December 31, | | | | | | | | |||||||||||||||
| | | 2019 | | | 2020 | | | 2021 | | | Total | | ||||||||||||
Solution Aggressive | | | | $ | 22,989 | | | | | $ | 25,978 | | | | | $ | 31,805 | | | | | $ | 80,772 | | |
Solution Balanced | | | | | 66,469 | | | | | | 66,438 | | | | | | 61,303 | | | | | | 194,210 | | |
Solution Conservative | | | | | 36,857 | | | | | | 38,432 | | | | | | 41,777 | | | | | | 117,066 | | |
Solution Income | | | | | 677,513 | | | | | | 633,760 | | | | | | 521,785 | | | | | | 1,833,058 | | |
Solution Moderately Aggressive | | | | | 349,713 | | | | | | 288,587 | | | | | | 271,676 | | | | | | 909,976 | | |
Solution Moderately Conservative | | | | | 59,855 | | | | | | 58,784 | | | | | | 48,769 | | | | | | 167,408 | | |
| | | December 31, | | | | | | | | |||||||||||||||
| | | 2019 | | | 2020 | | | 2021 | | | Total | | ||||||||||||
Solution 2020 | | | | | 34,629 | | | | | | 55,984 | | | | | | 53,907 | | | | | | 144,520 | | |
Solution 2025 | | | | | 935,785 | | | | | | 742,094 | | | | | | 623,038 | | | | | | 2,300,917 | | |
Solution 2030 | | | | | 26,854 | | | | | | 43,272 | | | | | | 47,147 | | | | | | 117,273 | | |
Solution 2035 | | | | | 721,028 | | | | | | 806,282 | | | | | | 569,497 | | | | | | 2,096,807 | | |
Solution 2040 | | | | | 26,861 | | | | | | 44,017 | | | | | | 45,460 | | | | | | 116,338 | | |
Solution 2045 | | | | | 412,613 | | | | | | 513,695 | | | | | | 363,010 | | | | | | 1,289,318 | | |
Solution 2050 | | | | | 23,295 | | | | | | 34,275 | | | | | | 36,857 | | | | | | 94,427 | | |
Solution 2055 | | | | | 92,164 | | | | | | 160,115 | | | | | | 143,560 | | | | | | 395,839 | | |
Solution 2060 | | | | | 22,828 | | | | | | 24,261 | | | | | | 28,347 | | | | | | 75,436 | | |
Portfolio | | | Days Utilized | | | Approximate Average Daily Balance For Days Utilized | | | Approximate Weighted Average Interest Rate For Days Utilized | | |||||||||
Solution Moderately Aggressive | | | | | 10 | | | | | $ | 881,300 | | | | | | 2.68% | | |
Solution 2025 | | | | | 8 | | | | | | 921,375 | | | | | | 2.42 | | |
Solution 2035 | | | | | 11 | | | | | | 1,055,818 | | | | | | 2.68 | | |
Solution 2045 | | | | | 10 | | | | | | 831,300 | | | | | | 2.67 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Solution Aggressive | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 81,232 | | | | | | — | | | | | | 12,699 | | | | | | (74,248) | | | | | | 19,683 | | | | | | 1,088,541 | | | | | | — | | | | | | 167,121 | | | | | | (992,290) | | | | | | 263,372 | | |
12/31/2017 | | | | | 70,549 | | | | | | — | | | | | | 3,927 | | | | | | (41,100) | | | | | | 33,376 | | | | | | 882,139 | | | | | | — | | | | | | 49,395 | | | | | | (501,964) | | | | | | 429,570 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 10,715 | | | | | | — | | | | | | 1,787 | | | | | | (16,891) | | | | | | (4,389) | | | | | | 147,238 | | | | | | — | | | | | | 24,011 | | | | | | (223,860) | | | | | | (52,611) | | |
12/31/2017 | | | | | 36,932 | | | | | �� | — | | | | | | 555 | | | | | | (27,707) | | | | | | 9,780 | | | | | | 493,068 | | | | | | — | | | | | | 7,113 | | | | | | (375,556) | | | | | | 124,625 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 320,438 | | | | | | — | | | | | | 25,489 | | | | | | (96,689) | | | | | | 249,238 | | | | | | 4,284,185 | | | | | | — | | | | | | 342,563 | | | | | | (1,301,315) | | | | | | 3,325,433 | | |
12/31/2017 | | | | | 311,284 | | | | | | — | | | | | | 5,395 | | | | | | (11,459) | | | | | | 305,220 | | | | | | 3,996,774 | | | | | | — | | | | | | 69,168 | | | | | | (144,648) | | | | | | 3,921,294 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 69,210 | | | | | | — | | | | | | 16,798 | | | | | | (130,750) | | | | | | (44,742) | | | | | | 911,864 | | | | | | — | | | | | | 223,244 | | | | | | (1,709,087) | | | | | | (573,979) | | |
12/31/2017 | | | | | 113,053 | | | | | | — | | | | | | 6,345 | | | | | | (151,055) | | | | | | (31,657) | | | | | | 1,396,502 | | | | | | — | | | | | | 80,515 | | | | | | (1,894,241) | | | | | | (417,224) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 22,031 | | | | | | — | | | | | | 3,181 | | | | | | (5,646) | | | | | | 19,566 | | | | | | 292,062 | | | | | | — | | | | | | 41,710 | | | | | | (72,971) | | | | | | 260,801 | | |
12/31/2017 | | | | | 20,260 | | | | | | — | | | | | | 848 | | | | | | (8,046) | | | | | | 13,062 | | | | | | 251,352 | | | | | | — | | | | | | 10,637 | | | | | | (98,628) | | | | | | 163,361 | | |
Solution Balanced | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 151,383 | | | | | | — | | | | | | 83,992 | | | | | | (775,450) | | | | | | (540,075) | | | | | | 1,486,757 | | | | | | — | | | | | | 812,200 | | | | | | (7,535,126) | | | | | | (5,236,169) | | |
12/31/2017 | | | | | 213,164 | | | | | | — | | | | | | 54,656 | | | | | | (391,211) | | | | | | (123,391) | | | | | | 2,056,748 | | | | | | — | | | | | | 523,604 | | | | | | (3,737,707) | | | | | | (1,157,355) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 42,395 | | | | | | — | | | | | | 22,572 | | | | | | (113,571) | | | | | | (48,604) | | | | | | 436,057 | | | | | | — | | | | | | 226,396 | | | | | | (1,179,430) | | | | | | (516,977) | | |
12/31/2017 | | | | | 260,084 | | | | | | — | | | | | | 14,621 | | | | | | (49,453) | | | | | | 225,252 | | | | | | 2,625,214 | | | | | | — | | | | | | 145,042 | | | | | | (501,667) | | | | | | 2,268,589 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 478,476 | | | | | | — | | | | | | 77,752 | | | | | | (326,685) | | | | | | 229,543 | | | | | | 4,906,793 | | | | | | — | | | | | | 779,855 | | | | | | (3,380,515) | | | | | | 2,306,133 | | |
12/31/2017 | | | | | 1,048,618 | | | | | | — | | | | | | 28,266 | | | | | | (76,203) | | | | | | 1,000,681 | | | | | | 10,487,577 | | | | | | — | | | | | | 280,397 | | | | | | (769,000) | | | | | | 9,998,974 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 221,864 | | | | | | — | | | | | | 120,812 | | | | | | (509,828) | | | | | | (167,152) | | | | | | 2,206,260 | | | | | | — | | | | | | 1,182,749 | | | | | | (5,135,648) | | | | | | (1,746,639) | | |
12/31/2017 | | | | | 283,709 | | | | | | — | | | | | | 76,350 | | | | | | (777,289) | | | | | | (417,230) | | | | | | 2,761,287 | | | | | | — | | | | | | 740,591 | | | | | | (7,515,852) | | | | | | (4,013,974) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 18,374 | | | | | | — | | | | | | 4,737 | | | | | | (125,138) | | | | | | (102,027) | | | | | | 184,193 | | | | | | — | | | | | | 46,374 | | | | | | (1,270,844) | | | | | | (1,040,277) | | |
12/31/2017 | | | | | 49,066 | | | | | | — | | | | | | 5,946 | | | | | | (39,912) | | | | | | 15,100 | | | | | | 477,698 | | | | | | — | | | | | | 57,444 | | | | | | (383,576) | | | | | | 151,566 | | |
Solution Conservative | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 124,782 | | | | | | — | | | | | | 27,747 | | | | | | (158,745) | | | | | | (6,216) | | | | | | 1,362,764 | | | | | | — | | | | | | 296,058 | | | | | | (1,738,806) | | | | | | (79,984) | | |
12/31/2017 | | | | | 131,986 | | | | | | — | | | | | | 20,445 | | | | | | (189,309) | | | | | | (36,878) | | | | | | 1,436,079 | | | | | | — | | | | | | 221,013 | | | | | | (2,049,592) | | | | | | (392,500) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 24,978 | | | | | | — | | | | | | 479 | | | | | | (7,523) | | | | | | 17,934 | | | | | | 272,245 | | | | | | — | | | | | | 5,173 | | | | | | (81,591) | | | | | | 195,827 | | |
12/31/2017 | | | | | 12,492 | | | | | | — | | | | | | 217 | | | | | | (14,794) | | | | | | (2,085) | | | | | | 138,943 | | | | | | — | | | | | | 2,371 | | | | | | (164,720) | | | | | | (23,406) | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 211,670 | | | | | | — | | | | | | 14,471 | | | | | | (53,275) | | | | | | 172,866 | | | | | | 2,278,829 | | | | | | — | | | | | | 156,288 | | | | | | (589,436) | | | | | | 1,845,681 | | |
12/31/2017 | | | | | 243,826 | | | | | | — | | | | | | 5,991 | | | | | | (9,826) | | | | | | 239,991 | | | | | | 2,691,034 | | | | | | — | | | | | | 65,547 | | | | | | (108,214) | | | | | | 2,648,367 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 139,393 | | | | | | — | | | | | | 12,446 | | | | | | (178,051) | | | | | | (26,212) | | | | | | 1,509,961 | | | | | | — | | | | | | 133,797 | | | | | | (1,938,484) | | | | | | (294,726) | | |
12/31/2017 | | | | | 74,983 | | | | | | — | | | | | | 12,234 | | | | | | (337,198) | | | | | | (249,981) | | | | | | 817,743 | | | | | | — | | | | | | 132,986 | | | | | | (3,689,749) | | | | | | (2,739,020) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 7,762 | | | | | | — | | | | | | 1,493 | | | | | | (24,575) | | | | | | (15,320) | | | | | | 84,834 | | | | | | — | | | | | | 15,913 | | | | | | (269,779) | | | | | | (169,032) | | |
12/31/2017 | | | | | 20,239 | | | | | | — | | | | | | 1,573 | | | | | | (12,058) | | | | | | 9,754 | | | | | | 219,057 | | | | | | — | | | | | | 16,974 | | | | | | (131,456) | | | | | | 104,575 | | |
Solution Income | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 620,219 | | | | | | — | | | | | | 689,145 | | | | | | (3,130,290) | | | | | | (1,820,926) | | | | | | 7,156,568 | | | | | | — | | | | | | 7,801,121 | | | | | | (36,050,921) | | | | | | (21,093,232) | | |
12/31/2017 | | | | | 684,874 | | | | | | — | | | | | | 378,493 | | | | | | (4,082,575) | | | | | | (3,019,208) | | | | | | 7,890,664 | | | | | | — | | | | | | 4,352,673 | | | | | | (46,973,035) | | | | | | (34,729,698) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,156,766 | | | | | | — | | | | | | 356,452 | | | | | | (1,836,327) | | | | | | (323,109) | | | | | | 13,708,533 | | | | | | — | | | | | | 4,124,148 | | | | | | (21,808,112) | | | | | | (3,975,431) | | |
12/31/2017 | | | | | 972,564 | | | | | | — | | | | | | 210,030 | | | | | | (1,344,676) | | | | | | (162,082) | | | | | | 11,483,747 | | | | | | — | | | | | | 2,469,954 | | | | | | (15,929,389) | | | | | | (1,975,688) | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 657,095 | | | | | | — | | | | | | 575,500 | | | | | | (3,450,672) | | | | | | (2,218,077) | | | | | | 7,693,447 | | | | | | — | | | | | | 6,606,738 | | | | | | (40,425,640) | | | | | | (26,125,455) | | |
12/31/2017 | | | | | 476,825 | | | | | | — | | | | | | 361,452 | | | | | | (4,456,256) | | | | | | (3,617,979) | | | | | | 5,587,254 | | | | | | — | | | | | | 4,218,149 | | | | | | (52,216,060) | | | | | | (42,410,657) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 76,258 | | | | | | — | | | | | | 26,408 | | | | | | (351,204) | | | | | | (248,538) | | | | | | 861,202 | | | | | | — | | | | | | 296,031 | | | | | | (4,066,367) | | | | | | (2,909,134) | | |
12/31/2017 | | | | | 84,331 | | | | | | — | | | | | | 21,371 | | | | | | (353,977) | | | | | | (248,275) | | | | | | 964,888 | | | | | | — | | | | | | 243,203 | | | | | | (4,044,357) | | | | | | (2,836,266) | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 684 | | | | | | — | | | | | | 773 | | | | | | (371) | | | | | | 1,086 | | | | | | 8,261 | | | | | | — | | | | | | 9,336 | | | | | | (4,612) | | | | | | 12,985 | | |
12/31/2017 | | | | | 654 | | | | | | — | | | | | | 229 | | | | | | (734) | | | | | | 149 | | | | | | 8,060 | | | | | | — | | | | | | 2,808 | | | | | | (8,974) | | | | | | 1,894 | | |
Solution Moderately Aggressive | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 280,298 | | | | | | — | | | | | | 118,240 | | | | | | (569,466) | | | | | | (170,928) | | | | | | 3,653,749 | | | | | | — | | | | | | 1,511,112 | | | | | | (7,409,666) | | | | | | (2,244,805) | | |
12/31/2017 | | | | | 291,030 | | | | | | — | | | | | | 47,573 | | | | | | (408,252) | | | | | | (69,649) | | | | | | 3,643,839 | | | | | | — | | | | | | 597,996 | | | | | | (5,109,635) | | | | | | (867,800) | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Solution Moderately Aggressive (continued) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 49,024 | | | | | | — | | | | | | 21,277 | | | | | | (179,052) | | | | | | (108,751) | | | | | | 649,017 | | | | | | — | | | | | | 276,815 | | | | | | (2,447,432) | | | | | | (1,521,600) | | |
12/31/2017 | | | | | 121,084 | | | | | | — | | | | | | 10,952 | | | | | | (53,924) | | | | | | 78,112 | | | | | | 1,581,007 | | | | | | — | | | | | | 140,076 | | | | | | (711,450) | | | | | | 1,009,633 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 545,723 | | | | | | — | | | | | | 57,502 | | | | | | (165,004) | | | | | | 438,221 | | | | | | 7,157,515 | | | | | | — | | | | | | 747,524 | | | | | | (2,167,246) | | | | | | 5,737,793 | | |
12/31/2017 | | | | | 524,385 | | | | | | — | | | | | | 9,690 | | | | | | (40,049) | | | | | | 494,026 | | | | | | 6,672,950 | | | | | | — | | | | | | 123,843 | | | | | | (511,598) | | | | | | 6,285,195 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 299,970 | | | | | | — | | | | | | 3,043,427 | | | | | | (7,246,894) | | | | | | (3,903,497) | | | | | | 3,720,952 | | | | | | — | | | | | | 39,199,340 | | | | | | (95,120,221) | | | | | | (52,199,929) | | |
12/31/2017 | | | | | 426,945 | | | | | | — | | | | | | 1,318,779 | | | | | | (8,595,557) | | | | | | (6,849,833) | | | | | | 5,365,781 | | | | | | — | | | | | | 16,695,746 | | | | | | (108,801,058) | | | | | | (86,739,531) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 15,047 | | | | | | — | | | | | | 3,832 | | | | | | (81,024) | | | | | | (62,145) | | | | | | 197,507 | | | | | | — | | | | | | 49,430 | | | | | | (1,087,528) | | | | | | (840,591) | | |
12/31/2017 | | | | | 32,201 | | | | | | — | | | | | | 3,032 | | | | | | (6,133) | | | | | | 29,100 | | | | | | 405,490 | | | | | | — | | | | | | 38,327 | | | | | | (78,795) | | | | | | 365,022 | | |
Solution Moderately Conservative | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 148,406 | | | | | | — | | | | | | 48,899 | | | | | | (322,063) | | | | | | (124,758) | | | | | | 1,453,700 | | | | | | — | | | | | | 470,405 | | | | | | (3,116,236) | | | | | | (1,192,131) | | |
12/31/2017 | | | | | 162,327 | | | | | | — | | | | | | 20,316 | | | | | | (528,478) | | | | | | (345,835) | | | | | | 1,566,854 | | | | | | — | | | | | | 196,049 | | | | | | (5,031,935) | | | | | | (3,269,032) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 860 | | | | | | — | | | | | | 133 | | | | | | (259) | | | | | | 734 | | | | | | 8,667 | | | | | | — | | | | | | 1,336 | | | | | | (2,521) | | | | | | 7,482 | | |
12/31/2017 | | | | | 2,567 | | | | | | — | | | | | | 63 | | | | | | (3,474) | | | | | | (844) | | | | | | 26,570 | | | | | | — | | | | | | 636 | | | | | | (35,731) | | | | | | (8,525) | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 241,250 | | | | | | — | | | | | | 15,439 | | | | | | (67,888) | | | | | | 188,801 | | | | | | 2,464,868 | | | | | | — | | | | | | 154,704 | | | | | | (694,095) | | | | | | 1,925,477 | | |
12/31/2017 | | | | | 182,228 | | | | | | — | | | | | | 3,035 | | | | | | (7,090) | | | | | | 178,173 | | | | | | 1,833,857 | | | | | | — | | | | | | 30,444 | | | | | | (71,677) | | | | | | 1,792,624 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 148,788 | | | | | | — | | | | | | 69,056 | | | | | | (349,127) | | | | | | (131,283) | | | | | | 1,473,197 | | | | | | — | | | | | | 677,443 | | | | | | (3,524,044) | | | | | | (1,373,404) | | |
12/31/2017 | | | | | 244,517 | | | | | | — | | | | | | 45,328 | | | | | | (821,170) | | | | | | (531,325) | | | | | | 2,407,463 | | | | | | — | | | | | | 445,570 | | | | | | (8,121,600) | | | | | | (5,268,567) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 23,390 | | | | | | — | | | | | | 4,375 | | | | | | (12,631) | | | | | | 15,134 | | | | | | 228,524 | | | | | | — | | | | | | 42,435 | | | | | | (126,092) | | | | | | 144,867 | | |
12/31/2017 | | | | | 18,817 | | | | | | — | | | | | | 2,089 | | | | | | (10,029) | | | | | | 10,877 | | | | | | 183,628 | | | | | | — | | | | | | 20,307 | | | | | | (99,579) | | | | | | 104,356 | | |
Solution 2020 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 491,463 | | | | | | — | | | | | | 74,480 | | | | | | (542,041) | | | | | | 23,902 | | | | | | 6,356,288 | | | | | | — | | | | | | 931,748 | | | | | | (7,006,362) | | | | | | 281,674 | | |
12/31/2017 | | | | | 639,343 | | | | | | — | | | | | | 31,214 | | | | | | (322,318) | | | | | | 348,239 | | | | | | 8,161,610 | | | | | | — | | | | | | 396,415 | | | | | | (4,125,782) | | | | | | 4,432,243 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 512,684 | | | | | | — | | | | | | 33,558 | | | | | | (510,217) | | | | | | 36,025 | | | | | | 6,635,113 | | | | | | — | | | | | | 428,868 | | | | | | (6,734,970) | | | | | | 329,011 | | |
12/31/2017 | | | | | 259,146 | | | | | | — | | | | | | 19,564 | | | | | | (239,902) | | | | | | 38,808 | | | | | | 3,330,586 | | | | | | — | | | | | | 253,164 | | | | | | (3,128,692) | | | | | | 455,058 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 529,256 | | | | | | — | | | | | | 60,565 | | | | | | (308,303) | | | | | | 281,518 | | | | | | 6,891,239 | | | | | | — | | | | | | 770,382 | | | | | | (3,973,399) | | | | | | 3,688,222 | | |
12/31/2017 | | | | | 432,943 | | | | | | — | | | | | | 19,263 | | | | | | (192,256) | | | | | | 259,950 | | | | | | 5,637,344 | | | | | | — | | | | | | 248,497 | | | | | | (2,485,606) | | | | | | 3,400,235 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 27,772 | | | | | | — | | | | | | 2,725 | | | | | | (39,438) | | | | | | (8,941) | | | | | | 367,833 | | | | | | — | | | | | | 34,283 | | | | | | (518,618) | | | | | | (116,502) | | |
12/31/2017 | | | | | 50,917 | | | | | | — | | | | | | 646 | | | | | | (14,084) | | | | | | 37,479 | | | | | | 660,922 | | | | | | — | | | | | | 8,255 | | | | | | (183,206) | | | | | | 485,971 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 220 | | | | | | — | | | | | | 40 | | | | | | (122) | | | | | | 138 | | | | | | 2,747 | | | | | | — | | | | | | 503 | | | | | | (1,525) | | | | | | 1,725 | | |
12/31/2017 | | | | | 215 | | | | | | — | | | | | | 13 | | | | | | (5) | | | | | | 223 | | | | | | 2,776 | | | | | | — | | | | | | 160 | | | | | | (60) | | | | | | 2,876 | | |
Solution 2025 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,817,104 | | | | | | — | | | | | | 1,229,575 | | | | | | (5,314,588) | | | | | | (2,267,909) | | | | | | 21,021,392 | | | | | | — | | | | | | 13,857,311 | | | | | | (60,689,080) | | | | | | (25,810,377) | | |
12/31/2017 | | | | | 1,776,381 | | | | | | — | | | | | | 1,189,175 | | | | | | (5,727,557) | | | | | | (2,762,001) | | | | | | 19,975,178 | | | | | | — | | | | | | 13,271,197 | | | | | | (64,495,016) | | | | | | (31,248,641) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 3,202,132 | | | | | | — | | | | | | 1,085,320 | | | | | | (4,077,675) | | | | | | 209,777 | | | | | | 38,146,295 | | | | | | — | | | | | | 12,546,303 | | | | | | (48,703,040) | | | | | | 1,989,558 | | |
12/31/2017 | | | | | 3,825,273 | | | | | | — | | | | | | 965,881 | | | | | | (2,317,907) | | | | | | 2,473,247 | | | | | | 44,273,044 | | | | | | — | | | | | | 11,049,676 | | | | | | (26,891,127) | | | | | | 28,431,593 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,799,836 | | | | | | — | | | | | | 1,466,438 | | | | | | (5,880,003) | | | | | | (2,613,729) | | | | | | 20,993,901 | | | | | | — | | | | | | 16,776,054 | | | | | | (68,488,208) | | | | | | (30,718,253) | | |
12/31/2017 | | | | | 1,419,950 | | | | | | — | | | | | | 1,480,907 | | | | | | (7,466,931) | | | | | | (4,566,074) | | | | | | 16,260,819 | | | | | | — | | | | | | 16,763,871 | | | | | | (85,534,946) | | | | | | (52,510,256) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 208,400 | | | | | | — | | | | | | 55,774 | | | | | | (595,263) | | | | | | (331,089) | | | | | | 2,322,159 | | | | | | — | | | | | | 620,761 | | | | | | (6,783,982) | | | | | | (3,841,062) | | |
12/31/2017 | | | | | 187,371 | | | | | | — | | | | | | 80,427 | | | | | | (931,312) | | | | | | (663,514) | | | | | | 2,085,637 | | | | | | — | | | | | | 884,699 | | | | | | (10,402,544) | | | | | | (7,432,208) | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,670 | | | | | | — | | | | | | 3,044 | | | | | | (19,353) | | | | | | (14,639) | | | | | | 19,734 | | | | | | — | | | | | | 35,881 | | | | | | (223,720) | | | | | | (168,105) | | |
12/31/2017 | | | | | 4,239 | | | | | | — | | | | | | 2,633 | | | | | | (12,325) | | | | | | (5,453) | | | | | | 50,842 | | | | | | — | | | | | | 30,671 | | | | | | (144,987) | | | | | | (63,474) | | |
Solution 2030 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 458,897 | | | | | | — | | | | | | 56,878 | | | | | | (451,378) | | | | | | 64,397 | | | | | | 7,156,351 | | | | | | — | | | | | | 858,857 | | | | | | (7,112,168) | | | | | | 903,040 | | |
12/31/2017 | | | | | 577,415 | | | | | | — | | | | | | 17,436 | | | | | | (218,741) | | | | | | 376,110 | | | | | | 8,654,852 | | | | | | — | | | | | | 262,588 | | | | | | (3,278,742) | | | | | | 5,638,698 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 320,247 | | | | | | — | | | | | | 32,650 | | | | | | (362,870) | | | | | | (9,973) | | | | | | 5,117,378 | | | | | | — | | | | | | 505,749 | | | | | | (5,868,717) | | | | | | (245,590) | | |
12/31/2017 | | | | | 353,934 | | | | | | — | | | | | | 10,136 | | | | | | (64,992) | | | | | | 299,078 | | | | | | 5,417,548 | | | | | | — | | | | | | 156,095 | | | | | | (996,430) | | | | | | 4,577,213 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 350,352 | | | | | | — | | | | | | 46,877 | | | | | | (166,741) | | | | | | 230,488 | | | | | | 5,565,957 | | | | | | — | | | | | | 722,379 | | | | | | (2,608,485) | | | | | | 3,679,851 | | |
12/31/2017 | | | | | 365,883 | | | | | | — | | | | | | 10,531 | | | | | | (191,459) | | | | | | 184,955 | | | | | | 5,597,191 | | | | | | — | | | | | | 161,549 | | | | | | (2,974,531) | | | | | | 2,784,209 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Solution 2030 (continued) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 10,506 | | | | | | — | | | | | | 2,534 | | | | | | (17,985) | | | | | | (4,945) | | | | | | 162,865 | | | | | | — | | | | | | 38,574 | | | | | | (283,967) | | | | | | (82,528) | | |
12/31/2017 | | | | | 58,446 | | | | | | — | | | | | | 474 | | | | | | (40,580) | | | | | | 18,340 | | | | | | 871,998 | | | | | | — | | | | | | 7,188 | | | | | | (605,778) | | | | | | 273,408 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 490 | | | | | | — | | | | | | 65 | | | | | | (15) | | | | | | 540 | | | | | | 7,638 | | | | | | — | | | | | | 987 | | | | | | (236) | | | | | | 8,389 | | |
12/31/2017 | | | | | 156 | | | | | | — | | | | | | 10 | | | | | | (10) | | | | | | 156 | | | | | | 2,415 | | | | | | — | | | | | | 151 | | | | | | (147) | | | | | | 2,419 | | |
Solution 2035 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,379,031 | | | | | | — | | | | | | 1,197,346 | | | | | | (4,345,400) | | | | | | (1,769,023) | | | | | | 16,709,844 | | | | | | — | | | | | | 14,092,763 | | | | | | (51,797,452) | | | | | | (20,994,845) | | |
12/31/2017 | | | | | 1,318,385 | | | | | | — | | | | | | 899,368 | | | | | | (4,916,043) | | | | | | (2,698,290) | | | | | | 15,196,026 | | | | | | — | | | | | | 10,342,734 | | | | | | (56,561,388) | | | | | | (31,022,628) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 3,610,963 | | | | | | — | | | | | | 1,334,193 | | | | | | (4,054,133) | | | | | | 891,023 | | | | | | 44,520,078 | | | | | | — | | | | | | 16,103,710 | | | | | | (50,601,623) | | | | | | 10,022,165 | | |
12/31/2017 | | | | | 3,453,853 | | | | | | — | | | | | | 927,026 | | | | | | (1,749,649) | | | | | | 2,631,230 | | | | | | 40,906,412 | | | | | | — | | | | | | 10,920,365 | | | | | | (20,889,385) | | | | | | 30,937,392 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,869,794 | | | | | | — | | | | | | 1,633,358 | | | | | | (5,443,467) | | | | | | (1,940,315) | | | | | | 22,710,849 | | | | | | — | | | | | | 19,502,295 | | | | | | (66,273,628) | | | | | | (24,060,484) | | |
12/31/2017 | | | | | 1,780,894 | | | | | | — | | | | | | 1,258,081 | | | | | | (6,525,031) | | | | | | (3,486,056) | | | | | | 20,884,733 | | | | | | — | | | | | | 14,669,220 | | | | | | (76,020,373) | | | | | | (40,466,420) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 254,556 | | | | | | — | | | | | | 87,714 | | | | | | (535,473) | | | | | | (193,203) | | | | | | 2,981,117 | | | | | | — | | | | | | 1,008,708 | | | | | | (6,278,912) | | | | | | (2,289,087) | | |
12/31/2017 | | | | | 239,075 | | | | | | — | | | | | | 74,330 | | | | | | (702,456) | | | | | | (389,051) | | | | | | 2,718,615 | | | | | | — | | | | | | 836,208 | | | | | | (7,971,707) | | | | | | (4,416,884) | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 3,048 | | | | | | — | | | | | | 2,950 | | | | | | (27,028) | | | | | | (21,030) | | | | | | 37,866 | | | | | | — | | | | | | 36,315 | | | | | | (317,312) | | | | | | (243,131) | | |
12/31/2017 | | | | | 3,605 | | | | | | — | | | | | | 2,100 | | | | | | (7,030) | | | | | | (1,325) | | | | | | 43,817 | | | | | | — | | | | | | 25,192 | | | | | | (89,179) | | | | | | (20,170) | | |
Solution 2040 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 304,877 | | | | | | — | | | | | | 48,857 | | | | | | (254,667) | | | | | | 99,067 | | | | | | 5,010,093 | | | | | | — | | | | | | 781,717 | | | | | | (4,144,987) | | | | | | 1,646,823 | | |
12/31/2017 | | | | | 336,474 | | | | | | — | | | | | | 10,641 | | | | | | (175,506) | | | | | | 171,609 | | | | | | 5,328,978 | | | | | | — | | | | | | 170,047 | | | | | | (2,829,354) | | | | | | 2,669,671 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 271,973 | | | | | | — | | | | | | 33,899 | | | | | | (261,598) | | | | | | 44,274 | | | | | | 4,606,311 | | | | | | — | | | | | | 556,292 | | | | | | (4,571,742) | | | | | | 590,861 | | |
12/31/2017 | | | | | 347,672 | | | | | | — | | | | | | 9,225 | | | | | | (108,903) | | | | | | 247,994 | | | | | | 5,520,587 | | | | | | — | | | | | | 150,736 | | | | | | (1,752,433) | | | | | | 3,918,890 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 222,660 | | | | | | — | | | | | | 39,803 | | | | | | (123,720) | | | | | | 138,743 | | | | | | 3,757,941 | | | | | | — | | | | | | 648,392 | | | | | | (2,057,828) | | | | | | 2,348,505 | | |
12/31/2017 | | | | | 361,532 | | | | | | — | | | | | | 8,912 | | | | | | (201,286) | | | | | | 169,158 | | | | | | 5,704,597 | | | | | | — | | | | | | 144,738 | | | | | | (3,264,564) | | | | | | 2,584,771 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 31,436 | | | | | | — | | | | | | 4,892 | | | | | | (12,690) | | | | | | 23,638 | | | | | | 527,989 | | | | | | — | | | | | | 78,518 | | | | | | (220,984) | | | | | | 385,523 | | |
12/31/2017 | | | | | 34,887 | | | | | | — | | | | | | 778 | | | | | | (6,193) | | | | | | 29,472 | | | | | | 562,954 | | | | | | — | | | | | | 12,471 | | | | | | (99,361) | | | | | | 476,064 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 581 | | | | | | — | | | | | | 85 | | | | | | (614) | | | | | | 52 | | | | | | 9,296 | | | | | | — | | | | | | 1,366 | | | | | | (9,596) | | | | | | 1,066 | | |
12/31/2017 | | | | | 331 | | | | | | — | | | | | | 13 | | | | | | (9) | | | | | | 335 | | | | | | 5,388 | | | | | | — | | | | | | 207 | | | | | | (154) | | | | | | 5,441 | | |
Solution 2045 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,092,978 | | | | | | — | | | | | | 865,338 | | | | | | (3,355,704) | | | | | | (1,397,388) | | | | | | 13,079,599 | | | | | | — | | | | | | 10,228,294 | | | | | | (39,780,511) | | | | | | (16,472,618) | | |
12/31/2017 | | | | | 1,148,545 | | | | | | — | | | | | | 541,031 | | | | | | (3,962,418) | | | | | | (2,272,842) | | | | | | 13,187,351 | | | | | | — | | | | | | 6,243,500 | | | | | | (45,636,936) | | | | | | (26,206,085) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 3,395,741 | | | | | | — | | | | | | 1,265,892 | | | | | | (3,372,017) | | | | | | 1,289,616 | | | | | | 42,392,725 | | | | | | — | | | | | | 15,367,932 | | | | | | (42,285,089) | | | | | | 15,475,568 | | |
12/31/2017 | | | | | 3,343,846 | | | | | | — | | | | | | 703,860 | | | | | | (1,311,150) | | | | | | 2,736,556 | | | | | | 39,726,370 | | | | | | — | | | | | | 8,340,738 | | | | | | (15,678,311) | | | | | | 32,388,797 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,558,711 | | | | | | — | | | | | | 1,272,721 | | | | | | (4,448,167) | | | | | | (1,616,735) | | | | | | 19,002,680 | | | | | | — | | | | | | 15,247,200 | | | | | | (54,821,878) | | | | | | (20,571,998) | | |
12/31/2017 | | ��� | | | 1,531,641 | | | | | | — | | | | | | 824,098 | | | | | | (4,770,307) | | | | | | (2,414,568) | | | | | | 17,937,145 | | | | | | — | | | | | | 9,641,941 | | | | | | (55,598,747) | | | | | | (28,019,661) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 134,268 | | | | | | — | | | | | | 48,031 | | | | | | (262,214) | | | | | | (79,915) | | | | | | 1,586,988 | | | | | | — | | | | | | 561,006 | | | | | | (3,100,369) | | | | | | (952,375) | | |
12/31/2017 | | | | | 146,757 | | | | | | — | | | | | | 41,997 | | | | | | (587,995) | | | | | | (399,241) | | | | | | 1,670,246 | | | | | | — | | | | | | 478,768 | | | | | | (6,863,864) | | | | | | (4,714,850) | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 3,217 | | | | | | — | | | | | | 2,534 | | | | | | (25,041) | | | | | | (19,290) | | | | | | 39,351 | | | | | | — | | | | | | 30,897 | | | | | | (285,333) | | | | | | (215,085) | | |
12/31/2017 | | | | | 3,030 | | | | | | — | | | | | | 1,374 | | | | | | (2,766) | | | | | | 1,638 | | | | | | 36,314 | | | | | | — | | | | | | 16,349 | | | | | | (34,858) | | | | | | 17,805 | | |
Solution 2050 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 304,671 | | | | | | — | | | | | | 29,494 | | | | | | (178,570) | | | | | | 155,595 | | | | | | 5,185,040 | | | | | | — | | | | | | 489,007 | | | | | | (2,999,258) | | | | | | 2,674,789 | | |
12/31/2017 | | | | | 264,981 | | | | | | — | | | | | | 6,506 | | | | | | (87,124) | | | | | | 184,363 | | �� | | | | 4,224,246 | | | | | | — | | | | | | 104,813 | | | | | | (1,397,537) | | | | | | 2,931,522 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 306,052 | | | | | | — | | | | | | 21,043 | | | | | | (227,231) | | | | | | 99,864 | | | | | | 5,338,713 | | | | | | — | | | | | | 359,200 | | | | | | (3,998,614) | | | | | | 1,699,299 | | |
12/31/2017 | | | | | 258,937 | | | | | | — | | | | | | 5,487 | | | | | | (41,352) | | | | | | 223,072 | | | | | | 4,231,596 | | | | | | — | | | | | | 90,649 | | | | | | (691,523) | | | | | | 3,630,722 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 209,421 | | | | | | — | | | | | | 17,993 | | | | | | (114,350) | | | | | | 113,064 | | | | | | 3,607,249 | | | | | | — | | | | | | 304,081 | | | | | | (1,955,852) | | | | | | 1,955,478 | | |
12/31/2017 | | | | | 188,908 | | | | | | — | | | | | | 4,160 | | | | | | (77,130) | | | | | | 115,938 | | | | | | 3,080,202 | | | | | | — | | | | | | 68,182 | | | | | | (1,274,572) | | | | | | 1,873,812 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 19,959 | | | | | | — | | | | | | 1,374 | | | | | | (10,248) | | | | | | 11,085 | | | | | | 341,505 | | | | | | — | | | | | | 22,915 | | | | | | (178,100) | | | | | | 186,320 | | |
12/31/2017 | | | | | 12,224 | | | | | | — | | | | | | 306 | | | | | | (4,519) | | | | | | 8,011 | | | | | | 198,794 | | | | | | — | | | | | | 4,960 | | | | | | (74,353) | | | | | | 129,401 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 764 | | | | | | — | | | | | | 43 | | | | | | (592) | | | | | | 215 | | | | | | 12,814 | | | | | | — | | | | | | 714 | | | | | | (10,312) | | | | | | 3,216 | | |
12/31/2017 | | | | | 518 | | | | | | — | | | | | | 6 | | | | | | (10) | | | | | | 514 | | | | | | 8,562 | | | | | | — | | | | | | 98 | | | | | | (155) | | | | | | 8,505 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Solution 2055 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 573,495 | | | | | | — | | | | | | 152,610 | | | | | | (785,590) | | | | | | (59,485) | | | | | | 8,107,105 | | | | | | — | | | | | | 2,141,118 | | | | | | (11,025,011) | | | | | | (776,788) | | |
12/31/2017 | | | | | 655,026 | | | | | | — | | | | | | 92,468 | | | | | | (965,030) | | | | | | (217,536) | | | | | | 8,716,067 | | | | | | — | | | | | | 1,246,472 | | | | | | (12,864,981) | | | | | | (2,902,442) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,988,921 | | | | | | — | | | | | | 286,227 | | | | | | (1,090,603) | | | | | | 1,184,545 | | | | | | 28,836,328 | | | | | | — | | | | | | 4,093,046 | | | | | | (15,958,578) | | | | | | 16,970,796 | | |
12/31/2017 | | | | | 1,701,510 | | | | | | — | | | | | | 141,828 | | | | | | (403,399) | | | | | | 1,439,939 | | | | | | 23,353,725 | | | | | | — | | | | | | 1,945,879 | | | | | | (5,572,271) | | | | | | 19,727,333 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 773,431 | | | | | | — | | | | | | 183,164 | | | | | | (1,000,675) | | | | | | (44,080) | | | | | | 11,027,413 | | | | | | — | | | | | | 2,589,944 | | | | | | (14,332,928) | | | | | | (715,571) | | |
12/31/2017 | | | | | 797,872 | | | | | | — | | | | | | 116,435 | | | | | | (1,076,062) | | | | | | (161,755) | | | | | | 10,767,683 | | | | | | — | | | | | | 1,581,186 | | | | | | (14,390,753) | | | | | | (2,041,884) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 68,323 | | | | | | — | | | | | | 10,816 | | | | | | (83,181) | | | | | | (4,042) | | | | | | 962,735 | | | | | | — | | | | | | 152,185 | | | | | | (1,167,461) | | | | | | (52,541) | | |
12/31/2017 | | | | | 92,134 | | | | | | — | | | | | | 6,862 | | | | | | (118,763) | | | | | | (19,767) | | | | | | 1,245,259 | | | | | | — | | | | | | 92,706 | | | | | | (1,627,487) | | | | | | (289,522) | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 238 | | | | | | — | | | | | | 69 | | | | | | (1,024) | | | | | | (717) | | | | | | 3,371 | | | | | | — | | | | | | 983 | | | | | | (14,629) | | | | | | (10,275) | | |
12/31/2017 | | | | | 328 | | | | | | — | | | | | | 51 | | | | | | (230) | | | | | | 149 | | | | | | 4,593 | | | | | | — | | | | | | 702 | | | | | | (3,116) | | | | | | 2,179 | | |
Solution 2060 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 265,744 | | | | | | — | | | | | | 21,676 | | | | | | (106,138) | | | | | | 181,282 | | | | | | 3,209,446 | | | | | | — | | | | | | 257,511 | | | | | | (1,288,854) | | | | | | 2,178,103 | | |
12/31/2017 | | | | | 202,745 | | | | | | — | | | | | | 3,872 | | | | | | (82,080) | | | | | | 124,537 | | | | | | 2,333,115 | | | | | | — | | | | | | 44,610 | | | | | | (927,573) | | | | | | 1,450,152 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 210,814 | | | | | | — | | | | | | 10,538 | | | | | | (151,215) | | | | | | 70,137 | | | | | | 2,548,696 | | | | | | — | | | | | | 126,662 | | | | | | (1,857,583) | | | | | | 817,775 | | |
12/31/2017 | | | | | 142,758 | | | | | | — | | | | | | 2,787 | | | | | | (30,905) | | | | | | 114,640 | | | | | | 1,643,865 | | | | | | — | | | | | | 32,383 | | | | | | (356,198) | | | | | | 1,320,050 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 190,206 | | | | | | — | | | | | | 17,250 | | | | | | (106,657) | | | | | | 100,799 | | | | | | 2,296,529 | | | | | | — | | | | | | 205,097 | | | | | | (1,256,273) | | | | | | 1,245,353 | | |
12/31/2017 | | | | | 220,422 | | | | | | — | | | | | | 4,659 | | | | | | (77,534) | | | | | | 147,547 | | | | | | 2,498,807 | | | | | | — | | | | | | 53,670 | | | | | | (908,917) | | | | | | 1,643,560 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 13,934 | | | | | | — | | | | | | 1,122 | | | | | | (5,977) | | | | | | 9,079 | | | | | | 166,640 | | | | | | — | | | | | | 13,337 | | | | | | (71,667) | | | | | | 108,310 | | |
12/31/2017 | | | | | 16,697 | | | | | | — | | | | | | 181 | | | | | | (5,390) | | | | | | 11,488 | | | | | | 192,176 | | | | | | — | | | | | | 2,093 | | | | | | (62,345) | | | | | | 131,924 | | |
Class T | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | — | | | | | | — | | | | | | 17 | | | | | | — | | | | | | 17 | | | | | | — | | | | | | — | | | | | | 197 | | | | | | — | | | | | | 197 | | |
12/31/2017 | | | | | —* | | | | | | — | | | | | | 5 | | | | | | (1) | | | | | | 4 | | | | | | (1) | | | | | | — | | | | | | 62 | | | | | | (11) | | | | | | 50 | | |
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||||||||
| | | Ordinary Income | | | Long-term Capital Gains | | | Ordinary Income | | | Long-term Capital Gains | | ||||||||||||
Solution Aggressive | | | | $ | 234,832 | | | | | $ | 563,817 | | | | | $ | 66,192 | | | | | $ | 150,636 | | |
Solution Balanced | | | | | 1,352,172 | | | | | | 1,695,402 | | | | | | 811,490 | | | | | | 935,588 | | |
Solution Conservative | | | | | 478,277 | | | | | | 128,952 | | | | | | 341,352 | | | | | | 97,539 | | |
Solution Income | | | | | 13,581,676 | | | | | | 5,255,698 | | | | | | 9,886,199 | | | | | | 1,400,588 | | |
Solution Moderately Aggressive | | | | | 15,280,521 | | | | | | 26,503,700 | | | | | | 9,748,419 | | | | | | 7,847,569 | | |
Solution Moderately Conservative | | | | | 832,215 | | | | | | 514,108 | | | | | | 693,006 | | | | | | — | | |
Solution 2020 | | | | | 1,035,295 | | | | | | 1,130,733 | | | | | | 482,935 | | | | | | 423,673 | | |
Solution 2025 | | | | | 21,872,437 | | | | | | 21,963,873 | | | | | | 17,212,488 | | | | | | 24,787,626 | | |
Solution 2030 | | | | | 1,020,513 | | | | | | 1,106,355 | | | | | | 281,217 | | | | | | 306,452 | | |
Solution 2035 | | | | | 18,163,767 | | | | | | 32,580,024 | | | | | | 13,810,357 | | | | | | 22,983,362 | | |
Solution 2040 | | | | | 831,150 | | | | | | 1,235,549 | | | | | | 199,452 | | | | | | 278,849 | | |
Solution 2045 | | | | | 13,096,105 | | | | | | 28,339,224 | | | | | | 7,145,424 | | | | | | 17,575,872 | | |
Solution 2050 | | | | | 457,960 | | | | | | 718,247 | | | | | | 109,808 | | | | | | 158,978 | | |
Solution 2055 | | | | | 2,967,858 | | | | | | 6,009,418 | | | | | | 1,562,373 | | | | | | 3,304,572 | | |
Solution 2060 | | | | | 286,753 | | | | | | 316,051 | | | | | | 62,957 | | | | | | 69,861 | | |
| | | Undistributed Ordinary Income | | | Undistributed Long-term Capital Gains | | | Unrealized Appreciation/(Depreciation) | | |||||||||
Solution Aggressive | | | | $ | 290,632 | | | | | $ | 1,454,134 | | | | | $ | (2,633,146) | | |
Solution Balanced | | | | | 1,264,773 | | | | | | 3,343,672 | | | | | | (5,803,876) | | |
Solution Conservative | | | | | 387,027 | | | | | | 144,936 | | | | | | (1,072,486) | | |
Solution Income | | | | | 10,225,938 | | | | | | 5,951,466 | | | | | | (26,951,099) | | |
Solution Moderately Aggressive | | | | | 13,613,830 | | | | | | 46,645,759 | | | | | | (71,463,642) | | |
Solution Moderately Conservative | | | | | 736,441 | | | | | | 738,052 | | | | | | (2,524,519) | | |
Solution 2020 | | | | | 815,090 | | | | | | 1,493,656 | | | | | | (2,743,475) | | |
Solution 2025 | | | | | 19,360,619 | | | | | | 45,136,785 | | | | | | (73,292,013) | | |
| | | | | |||||||||||||||
Solution 2030 | | | | | 759,452 | | | | | | 2,321,982 | | | | | | (3,896,795) | | |
Solution 2035 | | | | | 18,532,484 | | | | | | 62,122,792 | | | | | | (83,285,070) | | |
Solution 2040 | | | | | 556,744 | | | | | | 2,058,201 | | | | | | (3,530,320) | | |
Solution 2045 | | | | | 12,671,579 | | | | | | 55,712,671 | | | | | | (73,606,270) | | |
Solution 2050 | | | | | 400,912 | | | | | | 1,821,542 | | | | | | (3,459,129) | | |
Solution 2055 | | | | | 3,575,512 | | | | | | 16,560,850 | | | | | | (24,840,422) | | |
Solution 2060 | | | | | 222,579 | | | | | | 851,809 | | | | | | (1,824,359) | | |
| | | Solution Aggressive | | | Solution Balanced | | | Solution Conservative | | | Solution Income | | | Solution Moderately Aggressive | | | Solution Moderately Conservative | | ||||||||||||||||||
Distributions from net investment income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | $ | (10,735) | | | | | $ | (215,300) | | | | | $ | (169,438) | | | | | $ | (3,761,189) | | | | | $ | (301,993) | | | | | $ | (196,049) | | |
Class I | | | | | (2,617) | | | | | | (74,182) | | | | | | (1,908) | | | | | | (2,203,622) | | | | | | (83,485) | | | | | | (636) | | |
Class R6 | | | | | (25,471) | | | | | | (143,410) | | | | | | (52,764) | | | | | | — | | | | | | (73,824) | | | | | | (30,444) | | |
Class S | | | | | (24,175) | | | | | | (350,819) | | | | | | (103,928) | | | | | | (3,708,171) | | | | | | (9,267,927) | | | | | | (445,570) | | |
Class S2 | | | | | (3,194) | | | | | | (27,779) | | | | | | (13,314) | | | | | | (211,040) | | | | | | (21,190) | | | | | | (20,307) | | |
Class T | | | | | — | | | | | | — | | | | | | — | | | | | | (2,177) | | | | | | — | | | | | | — | | |
| | | | $ | (66,192) | | | | | $ | (811,490) | | | | | $ | (341,352) | | | | | $ | (9,886,199) | | | | | $ | (9,748,419) | | | | | $ | (693,006) | | |
Distributions from net realized gains: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | $ | (38,660) | | | | | $ | (308,304) | | | | | $ | (51,575) | | | | | $ | (591,484) | | | | | $ | (296,003) | | | | | $ | — | | |
Class I | | | | | (4,496) | | | | | | (70,860) | | | | | | (463) | | | | | | (266,332) | | | | | | (56,591) | | | | | | — | | |
Class R6 | | | | | (43,697) | | | | | | (136,987) | | | | | | (12,783) | | | | | | — | | | | | | (50,019) | | | | | | — | | |
Class S | | | | | (56,340) | | | | | | (389,772) | | | | | | (29,058) | | | | | | (509,978) | | | | | | (7,427,819) | | | | | | — | | |
Class S2 | | | | | (7,443) | | | | | | (29,665) | | | | | | (3,660) | | | | | | (32,163) | | | | | | (17,137) | | | | | | — | | |
Class T | | | | | — | | | | | | — | | | | | | — | | | | | | (631) | | | | | | — | | | | | | — | | |
| | | | $ | (150,636) | | | | | $ | (935,588) | | | | | $ | (97,539) | | | | | $ | (1,400,588) | | | | | $ | (7,847,569) | | | | | $ | — | | |
Undistributed net investment income at end of year | | | | $ | 167,780 | | | | | $ | 1,033,518 | | | | | $ | 332,597 | | | | | $ | 9,117,000 | | | | | $ | 11,497,005 | | | | | $ | 635,900 | | |
|
| | | Solution 2020 | | | Solution 2025 | | | Solution 2030 | | | Solution 2035 | | | Solution 2040 | | | Solution 2045 | | ||||||||||||||||||
Distributions from net investment income: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | $ | (130,093) | | | | | $ | (5,009,214) | | | | | $ | (84,233) | | | | | $ | (3,456,441) | | | | | $ | (39,286) | | | | | $ | (1,463,320) | | |
Class I | | | | | (96,738) | | | | | | (4,924,333) | | | | | | (58,032) | | | | | | (4,515,290) | | | | | | (46,566) | | | | | | (2,774,509) | | |
Class S | | | | | (86,715) | | | | | | (6,930,538) | | | | | | (55,605) | | | | | | (5,536,220) | | | | | | (41,477) | | | | | | (2,779,697) | | |
Class S2 | | | | | (2,729) | | | | | | (337,961) | | | | | | (2,095) | | | | | | (294,989) | | | | | | (3,488) | | | | | | (124,295) | | |
Class T | | | | | (80) | | | | | | (10,442) | | | | | | (62) | | | | | | (7,417) | | | | | | (58) | | | | | | (3,603) | | |
| | | | $ | (316,355) | | | | | $ | (17,212,488) | | | | | $ | (200,027) | | | | | $ | (13,810,357) | | | | | $ | (130,875) | | | | | $ | (7,145,424) | | |
Distributions from net realized gains: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | $ | (266,322) | | | | | $ | (8,261,983) | | | | | $ | (178,355) | | | | | $ | (6,886,293) | | | | | $ | (130,761) | | | | | $ | (4,780,180) | | |
Class I | | | | | (156,426) | | | | | | (6,125,343) | | | | | | (98,063) | | | | | | (6,405,075) | | | | | | (104,170) | | | | | | (5,566,229) | | |
Class S | | | | | (161,782) | | | | | | (9,833,333) | | | | | | (105,944) | | | | | | (9,133,000) | | | | | | (103,261) | | | | | | (6,862,244) | | |
Class S2 | | | | | (5,526) | | | | | | (546,738) | | | | | | (5,093) | | | | | | (541,219) | | | | | | (8,983) | | | | | | (354,473) | | |
Class T | | | | | (197) | | | | | | (20,229) | | | | | | (187) | | | | | | (17,775) | | | | | | (251) | | | | | | (12,746) | | |
| | | | $ | (590,253) | | | | | $ | (24,787,626) | | | | | $ | (387,642) | | | | | $ | (22,983,362) | | | | | $ | (347,426) | | | | | $ | (17,575,872) | | |
Undistributed net investment income at end of year | | | | $ | 575,661 | | | | | $ | 17,027,322 | | | | | $ | 494,550 | | | | | $ | 15,371,266 | | | | | $ | 357,401 | | | | | $ | 9,601,286 | | |
|
| | | Solution 2050 | | | Solution 2055 | | | Solution 2060 | | |||||||||
Distributions from net investment income: | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | $ | (21,251) | | | | | $ | (323,990) | | | | | $ | (7,401) | | |
Class I | | | | | (24,994) | | | | | | (710,484) | | | | | | (7,285) | | |
Class S | | | | | (16,722) | | | | | | (501,577) | | | | | | (11,691) | | |
Class S2 | | | | | (1,116) | | | | | | (26,141) | | | | | | (373) | | |
Class T | | | | | (15) | | | | | | (181) | | | | | | — | | |
| | | | $ | (64,098) | | | | | $ | (1,562,373) | | | | | $ | (26,750) | | |
Distributions from net realized gains: | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | $ | (83,562) | | | | | $ | (922,482) | | | | | $ | (37,209) | | |
Class I | | | | | (65,655) | | | | | | (1,235,395) | | | | | | (25,098) | | |
Class S | | | | | (51,460) | | | | | | (1,079,609) | | | | | | (41,979) | | |
Class S2 | | | | | (3,844) | | | | | | (66,565) | | | | | | (1,720) | | |
Class T | | | | | (167) | | | | | | (521) | | | | | | (62) | | |
| | | | $ | (204,688) | | | | | $ | (3,304,572) | | | | | $ | (106,068) | | |
Undistributed net investment income at end of year | | | | $ | 213,656 | | | | | $ | 2,375,258 | | | | | $ | 99,095 | | |
|
Voya Solution Aggressive Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 6.9% | | ||||||||||||||||||
| | 1,722 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 143,994 | | | | | | 1.0 | | |
| | 2,378 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 288,951 | | | | | | 2.0 | | |
| | 3,923 | | | | iShares Russell 1000 Value ETF | | | | | 435,648 | | | | | | 2.9 | | |
| | 1,375 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 72,064 | | | | | | 0.5 | | |
| | 968 | | | | Vanguard Real Estate ETF | | | | | 72,184 | | | | | | 0.5 | | |
| | | | | | Total Exchange-Traded Funds (Cost $1,038,097) | | | | | 1,012,841 | | | | | | 6.9 | | |
MUTUAL FUNDS: 93.1% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 91.6% | | ||||||||||||
| | 13,543 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 144,370 | | | | | | 1.0 | | |
| | 44,353 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 1,092,846 | | | | | | 7.5 | | |
| | 14,989 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 146,293 | | | | | | 1.0 | | |
| | 88,360 | | | | Voya International Index Portfolio - Class I | | | | | 797,012 | | | | | | 5.5 | | |
| | 32,994 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 365,899 | | | | | | 2.5 | | |
| | 21,185 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 801,846 | | | | | | 5.5 | | |
| | 54,000 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 657,178 | | | | | | 4.5 | | | |
| | 82,029 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 871,152 | | | | | | 6.0 | | |
| | 132,870 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 1,306,114 | | | | | | 8.9 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 93,428 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | $ | 796,941 | | | | | | 5.5 | | |
| | 120,133 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 1,018,729 | | | | | | 7.0 | | |
| | 12,280 | | | | Voya Russell™ Mid Cap Growth Index Portfolio - Class I | | | | | 364,843 | | | | | | 2.5 | | |
| | 64,751 | | | | Voya Small Company Portfolio - Class I | | | | | 1,019,831 | | | | | | 7.0 | | |
| | 28,126 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 289,975 | | | | | | 2.0 | | |
| | 35,037 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 364,035 | | | | | | 2.5 | | |
| | 79,906 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 1,110,696 | | | | | | 7.6 | | |
| | 63,308 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 1,109,150 | | | | | | 7.6 | | |
| | 14,008 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 1,093,166 | | | | | | 7.5 | | |
| | | | | | | | | | | 13,350,076 | | | | | | 91.6 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 48,664 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 213,633 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $15,853,550) | | | | | 13,563,709 | | | | | | 93.1 | | |
| | | | | | Total Investments in Securities (Cost $16,891,647) | | | | $ | 14,576,550 | | | | | | 100.0 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 6,418 | | | | | | 0.0 | | |
| | | | | | Net Assets | | | | $ | 14,582,968 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 1,012,841 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,012,841 | | |
Mutual Funds | | | | | 13,563,709 | | | | | | — | | | | | | — | | | | | | 13,563,709 | | |
Total Investments, at fair value | | | | $ | 14,576,550 | | | | | $ | — | | | | | $ | — | | | | | $ | 14,576,550 | | |
|
Voya Solution Aggressive Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 417,044 | | | | | $ | 271,925 | | | | | $ | (496,108) | | | | | $ | (48,491) | | | | | $ | 144,370 | | | | | $ | 10,662 | | | | | $ | 2,428 | | | | | $ | — | | |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 420,037 | | | | | | 1,153,266 | | | | | | (269,515) | | | | | | (210,942) | | | | | | 1,092,846 | | | | | | 17,058 | | | | | | 41,111 | | | | | | 89,899 | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 274,577 | | | | | | 172,601 | | | | | | (300,670) | | | | | | (215) | | | | | | 146,293 | | | | | | 8,979 | | | | | | (11,631) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 285,186 | | | | | | 1,100,543 | | | | | | (444,397) | | | | | | (144,320) | | | | | | 797,012 | | | | | | 26,414 | | | | | | (26,358) | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 1,398,332 | | | | | | 440,424 | | | | | | (1,719,155) | | | | | | (119,601) | | | | | | — | | | | | | 5,394 | | | | | | 130,148 | | | | | | 112,219 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 773,295 | | | | | | 423,625 | | | | | | (763,459) | | | | | | (67,562) | | | | | | 365,899 | | | | | | 9,053 | | | | | | (10,206) | | | | | | 30,764 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,056,071 | | | | | | (80,521) | | | | | | (173,704) | | | | | | 801,846 | | | | | | 3,776 | | | | | | (6,359) | | | | | | 48,635 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 696,517 | | | | | | 393,899 | | | | | | (276,970) | | | | | | (156,268) | | | | | | 657,178 | | | | | | — | | | | | | 29,230 | | | | | | 74,037 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 627,741 | | | | | | 949,595 | | | | | | (443,010) | | | | | | (263,174) | | | | | | 871,152 | | | | | | 9,249 | | | | | | 35,810 | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 1,728,023 | | | | | | 779,753 | | | | | | (776,735) | | | | | | (424,927) | | | | | | 1,306,114 | | | | | | 18,799 | | | | | | 116,611 | | | | | | 53,206 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 763,207 | | | | | | 437,751 | | | | | | (202,133) | | | | | | (201,884) | | | | | | 796,941 | | | | | | 22,330 | | | | | | 23,197 | | | | | | 33,774 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 1,268,052 | | | | | | 225,849 | | | | | | (1,381,199) | | | | | | (112,702) | | | | | | — | | | | | | — | | | | | | 72,852 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 1,031,753 | | | | | | 713,021 | | | | | | (348,304) | | | | | | (377,741) | | | | | | 1,018,729 | | | | | | 12,962 | | | | | | 26,616 | | | | | | 160,778 | | |
Voya Russell™ Mid Cap Growth Index Portfolio - Class I | | | | | 345,836 | | | | | | 203,114 | | | | | | (96,090) | | | | | | (88,017) | | | | | | 364,843 | | | | | | 2,455 | | | | | | 26,735 | | | | | | 40,795 | | |
Voya Small Company Portfolio - Class I | | | | | 957,412 | | | | | | 705,737 | | | | | | (332,872) | | | | | | (310,446) | | | | | | 1,019,831 | | | | | | 5,457 | | | | | | (27,887) | | | | | | 157,905 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 328,913 | | | | | | (43,834) | | | | | | 4,896 | | | | | | 289,975 | | | | | | 808 | | | | | | 528 | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 493,300 | | | | | | (94,987) | | | | | | (34,278) | | | | | | 364,035 | | | | | | 6,515 | | | | | | 3,982 | | | | | | 13,449 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 489,683 | | | | | | 1,486,854 | | | | | | (682,575) | | | | | | (183,266) | | | | | | 1,110,696 | | | | | | 20,486 | | | | | | 13,297 | | | | | | 64,122 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 139,646 | | | | | | 54,330 | | | | | | (189,001) | | | | | | (4,975) | | | | | | — | | | | | | 8,452 | | | | | | (7,272) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 136,892 | | | | | | 625 | | | | | | (133,584) | | | | | | (3,933) | | | | | | — | | | | | | — | | | | | | (1,498) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 702,918 | | | | | | 842,622 | | | | | | (210,542) | | | | | | (225,848) | | | | | | 1,109,150 | | | | | | 19,115 | | | | | | 67,864 | | | | | | — | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 412,015 | | | | | | 1,222,646 | | | | | | (300,076) | | | | | | (241,419) | | | | | | 1,093,166 | | | | | | 2,693 | | | | | | 13,404 | | | | | | 183,102 | | |
| | | | $ | 12,868,166 | | | | | $ | 13,456,464 | | | | | $ | (9,585,737) | | | | | $ | (3,388,817) | | | | | $ | 13,350,076 | | | | | $ | 210,657 | | | | | $ | 512,602 | | | | | $ | 1,062,685 | | |
|
| Cost for federal income tax purposes was $17,209,697. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 16,445 | | |
| Gross Unrealized Depreciation | | | | | (2,649,591) | | |
| Net Unrealized Depreciation | | | | $ | (2,633,146) | | |
|
Voya Solution Balanced Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 10.1% | | ||||||||||||||||||
| | 17,944 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 1,500,477 | | | | | | 3.0 | | |
| | 8,261 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 1,003,794 | | | | | | 2.0 | | |
| | 18,168 | | | | iShares Russell 1000 Value ETF | | | | | 2,017,556 | | | | | | 4.1 | | |
| | 4,775 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 250,258 | | | | | | 0.5 | | |
| | 3,361 | | | | Vanguard Real Estate ETF | | | | | 250,630 | | | | | | 0.5 | | |
| | | | | | Total Exchange-Traded Funds (Cost $5,102,063) | | | | | 5,022,715 | | | | | | 10.1 | | |
MUTUAL FUNDS: 89.9% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 88.4% | | ||||||||||||
| | 47,045 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 501,500 | | | | | | 1.0 | | |
| | 263,747 | | | | Voya Floating Rate Fund - Class I | | | | | 2,479,223 | | | | | | 5.0 | | |
| | 506,466 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 4,943,107 | | | | | | 9.9 | | |
| | 109,449 | | | | Voya International Index Portfolio - Class I | | | | | 987,233 | | | | | | 2.0 | | |
| | 132,461 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 1,468,991 | | | | | | 2.9 | | |
| | 46,083 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 1,744,257 | | | | | | 3.5 | | |
| | 82,036 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 998,375 | | | | | | 2.0 | | | |
| | 139,526 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 1,481,767 | | | | | | 3.0 | | |
| | 227,105 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 2,232,440 | | | | | | 4.5 | | |
| | 232,278 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 1,981,328 | | | | | | 4.0 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 117,322 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 994,894 | | | | | | 2.0 | | |
| | 100,777 | | | | Voya Short Term Bond Fund - Class R6 | | | | | 972,495 | | | | | | 1.9 | | |
| | 126,481 | | | | Voya Small Company Portfolio - Class I | | | | | 1,992,070 | | | | | | 4.0 | | |
| | 360,556 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 3,717,329 | | | | | | 7.4 | | |
| | 167,678 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 1,742,179 | | | | | | 3.5 | | |
| | 217,343 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 3,021,068 | | | | | | 6.0 | | |
| | 228,537 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 2,223,660 | | | | | | 4.5 | | |
| | 173,125 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 3,033,155 | | | | | | 6.1 | | |
| | 201,588 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 5,086,070 | | | | | | 10.2 | | |
| | 31,922 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 2,491,206 | | | | | | 5.0 | | |
| | | | | | | | | | | 44,092,347 | | | | | | 88.4 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 168,966 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 741,760 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $49,624,437) | | | | | 44,834,107 | | | | | | 89.9 | | |
| | | | | | Total Investments in Securities (Cost $54,726,500) | | | | $ | 49,856,822 | | | | | | 100.0 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 3,333 | | | | | | 0.0 | | |
| | | | | | Net Assets | | | | $ | 49,860,155 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 5,022,715 | | | | | $ | — | | | | | $ | — | | | | | $ | 5,022,715 | | |
Mutual Funds | | | | | 44,834,107 | | | | | | — | | | | | | — | | | | | | 44,834,107 | | |
Total Investments, at fair value | | | | $ | 49,856,822 | | | | | $ | — | | | | | $ | — | | | | | $ | 49,856,822 | | |
|
Voya Solution Balanced Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 1,577,026 | | | | | $ | 1,088,832 | | | | | $ | (1,951,734) | | | | | $ | (212,624) | | | | | $ | 501,500 | | | | | $ | 39,890 | | | | | $ | 55,660 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 3,112,722 | | | | | | 589,758 | | | | | | (1,132,860) | | | | | | (90,397) | | | | | | 2,479,223 | | | | | | 122,050 | | | | | | (18,557) | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | | | 2,497,363 | | | | | | 308,192 | | | | | | (2,777,278) | | | | | | (28,277) | | | | | | — | | | | | | 69,236 | | | | | | (42,126) | | | | | | — | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 6,225,802 | | | | | | 2,407,052 | | | | | | (3,581,011) | | | | | | (108,736) | | | | | | 4,943,107 | | | | | | 185,993 | | | | | | (116,323) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 1,880,909 | | | | | | 420,552 | | | | | | (980,141) | | | | | | (334,087) | | | | | | 987,233 | | | | | | 45,574 | | | | | | 60,936 | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 3,170,880 | | | | | | 493,138 | | | | | | (3,389,446) | | | | | | (274,572) | | | | | | — | | | | | | 12,277 | | | | | | 314,043 | | | | | | 255,398 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 3,216,298 | | | | | | 901,837 | | | | | | (2,243,947) | | | | | | (405,197) | | | | | | 1,468,991 | | | | | | 35,071 | | | | | | 111,206 | | | | | | 121,253 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 2,260,713 | | | | | | (130,112) | | | | | | (386,344) | | | | | | 1,744,257 | | | | | | 8,275 | | | | | | (14,632) | | | | | | 106,582 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 2,527,447 | | | | | | 464,292 | | | | | | (1,558,885) | | | | | | (434,479) | | | | | | 998,375 | | | | | | — | | | | | | 223,470 | | | | | | 134,887 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 1,259,190 | | | | | | 1,774,322 | | | | | | (949,833) | | | | | | (601,912) | | | | | | 1,481,767 | | | | | | 15,810 | | | | | | 163,788 | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 2,194,211 | | | | | | 1,258,199 | | | | | | (597,281) | | | | | | (622,689) | | | | | | 2,232,440 | | | | | | 32,404 | | | | | | 100,061 | | | | | | 91,711 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 3,146,700 | | | | | | 623,930 | | | | | | (1,178,354) | | | | | | (610,948) | | | | | | 1,981,328 | | | | | | 56,005 | | | | | | 172,859 | | | | | | 84,707 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 3,834,317 | | | | | | 270,333 | | | | | | (3,736,123) | | | | | | (368,527) | | | | | | — | | | | | | — | | | | | | 285,602 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 2,495,475 | | | | | | 553,459 | | | | | | (1,547,970) | | | | | | (506,070) | | | | | | 994,894 | | | | | | 14,894 | | | | | | 90,184 | | | | | | 184,748 | | |
Voya Short Term Bond Fund - Class R6 | | | | | 1,240,195 | | | | | | 342,584 | | | | | | (604,434) | | | | | | (5,850) | | | | | | 972,495 | | | | | | 28,520 | | | | | | (12,268) | | | | | | — | | |
Voya Small Company Portfolio - Class I | | | | | 2,481,298 | | | | | | 931,419 | | | | | | (754,112) | | | | | | (666,535) | | | | | | 1,992,070 | | | | | | 11,671 | | | | | | (21,167) | | | | | | 337,727 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 2,797,813 | | | | | | 2,196,149 | | | | | | (1,289,120) | | | | | | 12,487 | | | | | | 3,717,329 | | | | | | 71,494 | | | | | | (69,419) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 2,263,553 | | | | | | (365,625) | | | | | | (155,749) | | | | | | 1,742,179 | | | | | | 31,769 | | | | | | 13,283 | | | | | | 64,906 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 1,278,223 | | | | | | 4,359,583 | | | | | | (2,137,172) | | | | | | (479,566) | | | | | | 3,021,068 | | | | | | 55,600 | | | | | | 130 | | | | | | 182,714 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 633,299 | | | | | | 90,564 | | | | | | (705,283) | | | | | | (18,580) | | | | | | — | | | | | | 30,220 | | | | | | (29,413) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 620,753 | | | | | | 642 | | | | | | (600,455) | | | | | | (20,940) | | | | | | — | | | | | | — | | | | | | (3,464) | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 2,793,114 | | | | | | 566,186 | | | | | | (1,080,354) | | | | | | (55,286) | | | | | | 2,223,660 | | | | | | 56,242 | | | | | | (50,468) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 2,231,187 | | | | | | 2,144,871 | | | | | | (701,814) | | | | | | (641,089) | | | | | | 3,033,155 | | | | | | 52,215 | | | | | | 213,489 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 6,196,389 | | | | | | 1,263,592 | | | | | | (1,931,839) | | | | | | (442,072) | | | | | | 5,086,070 | | | | | | 127,648 | | | | | | (24,775) | | | | | | 401,484 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 1,557,361 | | | | | | 2,272,486 | | | | | | (680,346) | | | | | | (658,295) | | | | | | 2,491,206 | | | | | | 6,319 | | | | | | 163,232 | | | | | | 429,821 | | |
| | | | $ | 58,967,972 | | | | | $ | 29,846,238 | | | | | $ | (36,605,529) | | | | | $ | (8,116,334) | | | | | $ | 44,092,347 | | | | | $ | 1,109,177 | | | | | $ | 1,565,331 | | | | | $ | 2,395,938 | | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (112,605) | | |
Total | | | | $ | (112,605) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | 4,451 | | |
Total | | | | $ | 4,451 | | |
|
Voya Solution Balanced Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $55,660,697. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 44,665 | | |
| Gross Unrealized Depreciation | | | | | (5,848,541) | | |
| Net Unrealized Depreciation | | | | $ | (5,803,876) | | |
|
Voya Solution Conservative Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 11.4% | | ||||||||||||||||||
| | 9,188 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 768,301 | | | | | | 4.5 | | |
| | 2,820 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 342,658 | | | | | | 2.0 | | |
| | 16,035 | | | | Schwab U.S. TIPS ETF | | | | | 853,864 | | | | | | 4.9 | | |
| | | | | | Total Exchange-Traded Funds (Cost $1,951,107) | | | | | 1,964,823 | | | | | | 11.4 | | |
MUTUAL FUNDS: 88.6% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 86.6% | | ||||||||||||
| | 127,723 | | | | Voya Floating Rate Fund - Class I | | | | | 1,200,592 | | | | | | 7.0 | | |
| | 54,893 | | | | Voya Global Bond Fund - Class R6 | | | | | 515,446 | | | | | | 3.0 | | |
| | 219,595 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 2,143,245 | | | | | | 12.5 | | |
| | 18,994 | | | | Voya International Index Portfolio - Class I | | | | | 171,329 | | | | | | 1.0 | | |
| | 54,396 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 603,247 | | | | | | 3.5 | | |
| | 11,386 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 430,970 | | | | | | 2.5 | | |
| | 14,187 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 172,651 | | | | | | 1.0 | | | |
| | 24,240 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 257,428 | | | | | | 1.5 | | |
| | 40,182 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 342,753 | | | | | | 2.0 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 20,291 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 172,067 | | | | | | 1.0 | | |
| | 355,576 | | | | Voya Short Term Bond Fund - Class R6 | | | | | 3,431,310 | | | | | | 20.0 | | |
| | 191,312 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 1,972,431 | | | | | | 11.5 | | |
| | 37,771 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 525,021 | | | | | | 3.0 | | |
| | 166,933 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 1,624,256 | | | | | | 9.4 | | |
| | 52,253 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 1,318,352 | | | | | | 7.7 | | |
| | | | | | | | | | | 14,881,098 | | | | | | 86.6 | | |
| | | | | | Unaffiliated Investment Companies: 2.0% | | ||||||||||||
| | 76,971 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 337,901 | | | | | | 2.0 | | |
| | | | | | Total Mutual Funds (Cost $15,971,997) | | | | | 15,218,999 | | | | | | 88.6 | | |
| | | | | | Total Investments in Securities (Cost $17,923,104) | | | | $ | 17,183,822 | | | | | | 100.0 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 4,849 | | | | | | 0.0 | | |
| | | | | | Net Assets | | | | $ | 17,188,671 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 1,964,823 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,964,823 | | |
Mutual Funds | | | | | 15,218,999 | | | | | | — | | | | | | — | | | | | | 15,218,999 | | |
Total Investments, at fair value | | | | $ | 17,183,822 | | | | | $ | — | | | | | $ | — | | | | | $ | 17,183,822 | | |
|
Voya Solution Conservative Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 423,959 | | | | | $ | 39,007 | | | | | $ | (429,439) | | | | | $ | (33,527) | | | | | $ | — | | | | | $ | — | | | | | $ | 38,151 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 1,163,831 | | | | | | 436,175 | | | | | | (359,915) | | | | | | (39,499) | | | | | | 1,200,592 | | | | | | 49,522 | | | | | | (9,173) | | | | | | — | | |
Voya Global Bond Fund - Class R6 | | | | | 501,888 | | | | | | 176,829 | | | | | | (145,028) | | | | | | (18,243) | | | | | | 515,446 | | | | | | 10,575 | | | | | | (1,013) | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | ��� | | 1,085,080 | | | | | | 248,928 | | | | | | (1,310,953) | | | | | | (23,055) | | | | | | — | | | | | | 31,703 | | | | | | (8,167) | | | | | | — | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 1,664,476 | | | | | | 1,271,703 | | | | | | (755,952) | | | | | | (36,982) | | | | | | 2,143,245 | | | | | | 60,965 | | | | | | (25,441) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 177,682 | | | | | | 493,847 | | | | | | (467,184) | | | | | | (33,016) | | | | | | 171,329 | | | | | | 8,556 | | | | | | (17,670) | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 335,744 | | | | | | 219,053 | | | | | | (544,146) | | | | | | (10,651) | | | | | | — | | | | | | 2,478 | | | | | | 14,447 | | | | | | 51,558 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 501,666 | | | | | | 369,933 | | | | | | (173,985) | | | | | | (94,367) | | | | | | 603,247 | | | | | | 9,875 | | | | | | (1,142) | | | | | | 44,973 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 544,784 | | | | | | (28,735) | | | | | | (85,079) | | | | | | 430,970 | | | | | | 1,859 | | | | | | (1,839) | | | | | | 23,943 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 337,136 | | | | | | 133,602 | | | | | | (235,129) | | | | | | (62,958) | | | | | | 172,651 | | | | | | — | | | | | | 25,843 | | | | | | 22,933 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | — | | | | | | 643,201 | | | | | | (370,154) | | | | | | (15,619) | | | | | | 257,428 | | | | | | 2,493 | | | | | | (36,947) | | | | | | — | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | — | | | | | | 453,142 | | | | | | (41,807) | | | | | | (68,582) | | | | | | 342,753 | | | | | | 8,804 | | | | | | (2,350) | | | | | | 13,316 | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 333,740 | | | | | | 152,782 | | | | | | (237,447) | | | | | | (77,008) | | | | | | 172,067 | | | | | | 2,811 | | | | | | 2,941 | | | | | | 34,872 | | |
Voya Short Term Bond Fund - Class R6 | | | | | 3,320,845 | | | | | | 1,274,585 | | | | | | (1,134,894) | | | | | | (29,226) | | | | | | 3,431,310 | | | | | | 83,801 | | | | | | (21,707) | | | | | | — | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 1,496,686 | | | | | | 1,051,643 | | | | | | (562,086) | | | | | | (13,812) | | | | | | 1,972,431 | | | | | | 36,512 | | | | | | (19,658) | | | | | | — | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 427,222 | | | | | | 810,944 | | | | | | (623,019) | | | | | | (90,126) | | | | | | 525,021 | | | | | | 9,658 | | | | | | 11,789 | | | | | | 34,389 | | |
VY® BlackRock Inflation Protected Bond Portfolio - Class I | | | | | 833,616 | | | | | | 214,364 | | | | | | (1,035,457) | | | | | | (12,523) | | | | | | — | | | | | | 16,286 | | | | | | (18,094) | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 1,329,885 | | | | | | 763,264 | | | | | | (425,229) | | | | | | (43,664) | | | | | | 1,624,256 | | | | | | 33,558 | | | | | | (10,370) | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 1,657,138 | | | | | | 596,170 | | | | | | (805,316) | | | | | | (129,640) | | | | | | 1,318,352 | | | | | | 31,324 | | | | | | 27,837 | | | | | | 85,102 | | |
| | | | $ | 15,590,594 | | | | | $ | 9,893,956 | | | | | $ | (9,685,875) | | | | | $ | (917,577) | | | | | $ | 14,881,098 | | | | | $ | 400,780 | | | | | $ | (52,563) | | | | | $ | 311,086 | | |
|
| Cost for federal income tax purposes was $18,256,308. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 16,716 | | |
| Gross Unrealized Depreciation | | | | | (1,089,202) | | |
| Net Unrealized Depreciation | | | | $ | (1,072,486) | | |
|
Voya Solution Income Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 8.9% | | ||||||||||||||||||
| | | 41,429 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 3,464,293 | | | | | | 1.0 | | |
| | | 455,491 | | | | Schwab U.S. TIPS ETF | | | | | 24,254,896 | | | | | | 6.9 | | |
| | | 33,069 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 1,733,146 | | | | | | 0.5 | | |
| | | 23,282 | | | | Vanguard Real Estate ETF | | | | | 1,736,139 | | | | | | 0.5 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $31,568,974) | | | | | 31,188,474 | | | | | | 8.9 | | |
| MUTUAL FUNDS: 90.8% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 89.3% | | ||||||||||||
| | | 1,847,271 | | | | Voya Floating Rate Fund - Class I | | | | | 17,364,349 | | | | | | 5.0 | | |
| | | 1,111,501 | | | | Voya Global Bond Fund - Class R6 | | | | | 10,436,997 | | | | | | 3.0 | | |
| | | 4,267,775 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 41,653,488 | | | | | | 11.9 | | |
| | | 768,754 | | | | Voya International Index Portfolio - Class I | | | | | 6,934,165 | | | | | | 2.0 | | |
| | | 1,258,473 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 13,956,462 | | | | | | 4.0 | | |
| | | 368,795 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 13,958,905 | | | | | | 4.0 | | |
| | | 287,224 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 3,495,513 | | | | | | 1.0 | | | |
| | | 981,431 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 10,422,802 | | | | | | 3.0 | | |
| | | 2,033,577 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 17,346,411 | | | | | | 5.0 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 410,839 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 3,483,914 | | | | | | 1.0 | | |
| | | 3,598,484 | | | | Voya Short Term Bond Fund - Class R6 | | | | | 34,725,373 | | | | | | 9.9 | | |
| | | 4,878,154 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 50,293,766 | | | | | | 14.4 | | |
| | | 1,174,207 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 12,200,015 | | | | | | 3.5 | | |
| | | 253,223 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 3,519,805 | | | | | | 1.0 | | |
| | | 3,735,037 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 36,341,907 | | | | | | 10.4 | | |
| | | 1,410,621 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 35,589,968 | | | | | | 10.2 | | |
| | | | | | | | | | | | 311,723,840 | | | | | | 89.3 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 1,170,313 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 5,137,672 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $336,227,187) | | | | | 316,861,512 | | | | | | 90.8 | | |
| | | | | | | Total Investments in Securities (Cost $367,796,161) | | | | $ | 348,049,986 | | | | | | 99.7 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 1,042,425 | | | | | | 0.3 | | |
| | | | | | | Net Assets | | | | $ | 349,092,411 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 31,188,474 | | | | | $ | — | | | | | $ | — | | | | | $ | 31,188,474 | | |
Mutual Funds | | | | | 316,861,512 | | | | | | — | | | | | | — | | | | | | 316,861,512 | | |
Total Investments, at fair value | | | | $ | 348,049,986 | | | | | $ | — | | | | | $ | — | | | | | $ | 348,049,986 | | |
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | | 470,871 | | | | | | — | | | | | | — | | | | | | 470,871 | | |
Total Assets | | | | $ | 348,520,857 | | | | | $ | — | | | | | $ | — | | | | | $ | 348,520,857 | | |
Liabilities Table | | | | | | ||||||||||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | $ | (211,639) | | | | | $ | — | | | | | $ | — | | | | | $ | (211,639) | | |
Total Liabilities | | | | $ | (211,639) | | | | | $ | — | | | | | $ | — | | | | | $ | (211,639) | | |
|
Voya Solution Income Portfolio | as of December 31, 2018 (continued) |
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | ||||||||||||||||||||
S&P 500® E-Mini | | | | | 28 | | | | | | 03/15/19 | | | | | $ | 3,507,280 | | | | | $ | (135,204) | | |
U.S. Treasury 2-Year Note | | | | | 16 | | | | | | 03/29/19 | | | | | | 3,397,000 | | | | | | 13,955 | | |
U.S. Treasury Ultra Long Bond | | | | | 43 | | | | | | 03/20/19 | | | | | | 6,908,219 | | | | | | 250,622 | | |
| | | | | | | | | | | | | | | | $ | 13,812,499 | | | | | $ | 129,373 | | |
Short Contracts | | | | | | ||||||||||||||||||||
Mini MSCI Emerging Markets Index | | | | | (71) | | | | | | 03/15/19 | | | | | | (3,432,140) | | | | | | (2,846) | | |
MSCI EAFE Mini Index | | | | | (40) | | | | | | 03/15/19 | | | | | | (3,432,000) | | | | | | 60,536 | | |
S&P Mid 400 E-Mini | | | | | (21) | | | | | | 03/15/19 | | | | | | (3,490,620) | | | | | | 145,758 | | |
U.S. Treasury 10-Year Note | | | | | (28) | | | | | | 03/20/19 | | | | | | (3,416,438) | | | | | | (73,589) | | |
| | | | | | | | | | | | | | | | $ | (13,771,198) | | | | | $ | 129,859 | | |
|
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 4,369,369 | | | | | $ | 34,682 | | | | | $ | (3,828,022) | | | | | $ | (576,029) | | | | | $ | — | | | | | $ | — | | | | | $ | 622,540 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 21,586,996 | | | | | | 2,010,150 | | | | | | (5,685,594) | | | | | | (547,203) | | | | | | 17,364,349 | | | | | | 853,833 | | | | | | (196,328) | | | | | | — | | |
Voya Global Bond Fund - Class R6 | | | | | 12,978,976 | | | | | | 970,011 | | | | | | (3,053,262) | | | | | | (458,728) | | | | | | 10,436,997 | | | | | | 250,830 | | | | | | (6,857) | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | | | 8,660,236 | | | | | | 434,884 | | | | | | (8,979,734) | | | | | | (115,386) | | | | | | — | | | | | | 245,328 | | | | | | (133,058) | | | | | | — | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 47,489,503 | | | | | | 8,130,941 | | | | | | (12,710,107) | | | | | | (1,256,849) | | | | | | 41,653,488 | | | | | | 1,482,299 | | | | | | (427,542) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 8,693,125 | | | | | | 1,657,983 | | | | | | (2,135,765) | | | | | | (1,281,178) | | | | | | 6,934,165 | | | | | | 217,985 | | | | | | 27,055 | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 23,998,593 | | | | | | 2,446,095 | | | | | | (24,804,286) | | | | | | (1,640,402) | | | | | | — | | | | | | 99,421 | | | | | | 1,957,403 | | | | | | 2,068,249 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 15,305,707 | | | | | | 5,456,873 | | | | | | (3,793,939) | | | | | | (3,012,179) | | | | | | 13,956,462 | | | | | | 265,352 | | | | | | 636,740 | | | | | | 1,113,190 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 17,889,589 | | | | | | (919,233) | | | | | | (3,011,451) | | | | | | 13,958,905 | | | | | | 64,422 | | | | | | (86,874) | | | | | | 829,742 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 6,574,390 | | | | | | 970,432 | | | | | | (3,242,074) | | | | | | (807,235) | | | | | | 3,495,513 | | | | | | — | | | | | | 225,586 | | | | | | 383,725 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 8,723,481 | | | | | | 7,219,484 | | | | | | (2,730,137) | | | | | | (2,790,026) | | | | | | 10,422,802 | | | | | | 108,016 | | | | | | 312,725 | | | | | | — | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 21,814,211 | | | | | | 4,445,906 | | | | | | (4,887,038) | | | | | | (4,026,668) | | | | | | 17,346,411 | | | | | | 476,765 | | | | | | 267,193 | | | | | | 721,097 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 10,975,633 | | | | | | 343,729 | | | | | | (10,027,952) | | | | | | (1,291,410) | | | | | | — | | | | | | — | | | | | | 1,057,680 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 6,488,658 | | | | | | 1,193,791 | | | | | | (3,007,854) | | | | | | (1,190,681) | | | | | | 3,483,914 | | | | | | 40,585 | | | | | | 64,813 | | | | | | 503,403 | | |
Voya Short Term Bond Fund - Class R6 | | | | | 42,994,885 | | | | | | 3,467,652 | | | | | | (11,476,791) | | | | | | (260,373) | | | | | | 34,725,373 | | | | | | 993,038 | | | | | | (367,704) | | | | | | — | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 45,265,975 | | | | | | 19,265,430 | | | | | | (13,641,082) | | | | | | (596,557) | | | | | | 50,293,766 | | | | | | 1,116,208 | | | | | | (517,702) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 16,068,730 | | | | | | (2,824,700) | | | | | | (1,044,015) | | | | | | 12,200,015 | | | | | | 216,570 | | | | | | 134,069 | | | | | | 442,152 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 10,885,254 | | | | | | 6,897,018 | | | | | | (13,226,138) | | | | | | (1,036,329) | | | | | | 3,519,805 | | | | | | 76,891 | | | | | | 217,613 | | | | | | 645,850 | | |
VY® BlackRock Inflation Protected Bond Portfolio - Class I | | | | | 30,281,288 | | | | | | 2,126,748 | | | | | | (32,085,244) | | | | | | (322,792) | | | | | | — | | | | | | 581,030 | | | | | | (721,601) | | | | | | — | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 4,392,367 | | | | | | 324,554 | | | | | | (4,581,954) | | | | | | (134,967) | | | | | | — | | | | | | 214,139 | | | | | | (194,156) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 4,303,500 | | | | | | 2,741 | | | | | | (4,018,909) | | | | | | (287,332) | | | | | | — | | | | | | — | | | | | | 116,762 | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 47,332,314 | | | | | | 3,816,975 | | | | | | (13,423,511) | | | | | | (1,383,871) | | | | | | 36,341,907 | | | | | | 929,893 | | | | | | (396,914) | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 36,513,042 | | | | | | 12,245,448 | | | | | | (10,214,187) | | | | | | (2,954,335) | | | | | | 35,589,968 | | | | | | 866,484 | | | | | | (213,999) | | | | | | 2,844,866 | | |
| | | | $ | 419,627,503 | | | | | $ | 117,419,846 | | | | | $ | (195,297,513) | | | | | $ | (30,025,996) | | | | | $ | 311,723,840 | | | | | $ | 9,099,089 | | | | | $ | 2,377,444 | | | | | $ | 9,552,274 | | |
|
Voya Solution Income Portfolio | as of December 31, 2018 (continued) |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 206,294 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 264,577 | | |
Total Asset Derivatives | | | | | | | $ | 470,871 | | |
Liability Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 138,050 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 73,589 | | |
Total Liability Derivatives | | | | | | | $ | 211,639 | | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (510,951) | | |
Interest rate contracts | | | | | (12,759) | | |
Total | | | | $ | (523,710) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | 84,971 | | |
Interest rate contracts | | | | | 190,988 | | |
Total | | | | $ | 275,959 | | |
|
| Cost for federal income tax purposes was $375,260,317. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 227,413 | | |
| Gross Unrealized Depreciation | | | | | (27,178,512) | | |
| Net Unrealized Depreciation | | | | $ | (26,951,099) | | |
|
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Aggressive Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 6.9% | | ||||||||||||||||||
| | | 66,224 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 5,537,651 | | | | | | 1.0 | | |
| | | 251,439 | | | | iShares Russell 1000 Value ETF | | | | | 27,922,301 | | | | | | 4.9 | | |
| | | 52,862 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 2,770,497 | | | | | | 0.5 | | |
| | | 37,217 | | | | Vanguard Real Estate ETF | | | | | 2,775,272 | | | | | | 0.5 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $39,911,330) | | | | | 39,005,721 | | | | | | 6.9 | | |
| MUTUAL FUNDS: 92.6% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 91.1% | | ||||||||||||
| | | 1,566,706 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 16,701,089 | | | | | | 3.0 | | |
| | | 2,966,026 | | | | Voya Floating Rate Fund - Class I | | | | | 27,880,641 | | | | | | 4.9 | | |
| | | 966,150 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 23,805,927 | | | | | | 4.2 | | |
| | | 3,284,789 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 32,059,541 | | | | | | 5.7 | | |
| | | 3,087,890 | | | | Voya International Index Portfolio - Class I | | | | | 27,852,771 | | | | | | 4.9 | | |
| | | 1,521,859 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 16,877,417 | | | | | | 3.0 | | |
| | | 518,235 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 19,615,183 | | | | | | 3.5 | | |
| | | 2,075,836 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 25,262,930 | | | | | | 4.5 | | | |
| | | 3,151,430 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 33,468,184 | | | | | | 5.9 | | |
| | | 3,972,763 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 39,052,256 | | | | | | 6.9 | | |
| | | 3,265,112 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 27,851,401 | | | | | | 4.9 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 2,968,861 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 25,175,944 | | | | | | 4.5 | | |
| | | 2,133,515 | | | | Voya Small Company Portfolio - Class I | | | | | 33,602,865 | | | | | | 6.0 | | |
| | | 1,081,265 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 11,147,844 | | | | | | 2.0 | | |
| | | 1,077,507 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 11,195,298 | | | | | | 2.0 | | |
| | | 1,228,777 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 17,079,999 | | | | | | 3.0 | | |
| | | 2,433,659 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 42,637,710 | | | | | | 7.6 | | |
| | | 1,813,153 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 45,745,861 | | | | | | 8.1 | | |
| | | 466,681 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 36,419,761 | | | | | | 6.5 | | |
| | | | | | | | | | | | 513,432,622 | | | | | | 91.1 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 1,870,067 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 8,209,594 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $582,998,184) | | | | | 521,642,216 | | | | | | 92.6 | | |
| | | | | | | Total Investments in Securities (Cost $622,909,514) | | | | $ | 560,647,937 | | | | | | 99.5 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 3,073,736 | | | | | | 0.5 | | |
| | | | | | | Net Assets | | | | $ | 563,721,673 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 39,005,721 | | | | | $ | — | | | | | $ | — | | | | | $ | 39,005,721 | | |
Mutual Funds | | | | | 521,642,216 | | | | | | — | | | | | | — | | | | | | 521,642,216 | | |
Total Investments, at fair value | | | | $ | 560,647,937 | | | | | $ | — | | | | | $ | — | | | | | $ | 560,647,937 | | |
|
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Aggressive Portfolio | as of December 31, 2018 (continued) |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | | 761,763 | | | | | | — | | | | | | — | | | | | | 761,763 | | |
Total Assets | | | | $ | 561,409,700 | | | | | $ | — | | | | | $ | — | | | | | $ | 561,409,700 | | |
Liabilities Table | | | | | | ||||||||||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | $ | (804,861) | | | | | $ | — | | | | | $ | — | | | | | $ | (804,861) | | |
Total Liabilities | | | | $ | (804,861) | | | | | $ | — | | | | | $ | — | | | | | $ | (804,861) | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | ||||||||||||||||||||
S&P 500® E-Mini | | | | | 134 | | | | | | 03/15/19 | | | | | $ | 16,784,840 | | | | | $ | (670,254) | | |
U.S. Treasury 2-Year Note | | | | | 26 | | | | | | 03/29/19 | | | | | | 5,520,125 | | | | | | 22,677 | | |
U.S. Treasury Ultra Long Bond | | | | | 69 | | | | | | 03/20/19 | | | | | | 11,085,281 | | | | | | 401,695 | | |
| | | | | | | | | | | | | | | | $ | 33,390,246 | | | | | $ | (245,882) | | |
Short Contracts | | | | | | ||||||||||||||||||||
Mini MSCI Emerging Markets Index | | | | | (342) | | | | | | 03/15/19 | | | | | | (16,532,280) | | | | | | (13,711) | | |
MSCI EAFE Mini Index | | | | | (65) | | | | | | 03/15/19 | | | | | | (5,577,000) | | | | | | 96,893 | | |
S&P Mid 400 E-Mini | | | | | (34) | | | | | | 03/15/19 | | | | | | (5,651,480) | | | | | | 240,498 | | |
U.S. Treasury 10-Year Note | | | | | (46) | | | | | | 03/20/19 | | | | | | (5,612,718) | | | | | | (120,896) | | |
| | | | | | | | | | | | | | | | $ | (33,373,478) | | | | | $ | 202,784 | | |
|
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | |||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 28,722,711 | | | | | $ | 3,207,450 | | | | | $ | (9,618,665) | | | | | $ | (5,610,407) | | | | | $ | 16,701,089 | | | | | $ | 474,372 | | | | | $ | 2,285,594 | | | | | $ | — |
Voya Floating Rate Fund - Class I | | | | | 35,327,319 | | | | | | 3,975,903 | | | | | | (10,394,331) | | | | | | (1,028,250) | | | | | | 27,880,641 | | | | | | 1,429,680 | | | | | | (211,681) | | | | | | — |
Voya High Yield Bond Fund - Class R6 | | | | | 14,171,746 | | | | | | 1,069,333 | | | | | | (14,926,082) | | | | | | (314,997) | | | | | | — | | | | | | 410,349 | | | | | | (105,536) | | | | | | — |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 21,629,704 | | | | | | 12,183,986 | | | | | | (4,776,075) | | | | | | (5,231,688) | | | | | | 23,805,927 | | | | | | 428,750 | | | | | | 1,153,116 | | | | | | 2,259,657 |
Voya Intermediate Bond Fund - Class R6 | | | | | 49,459,974 | | | | | | 12,319,369 | | | | | | (28,993,944) | | | | | | (725,858) | | | | | | 32,059,541 | | | | | | 1,292,725 | | | | | | (1,028,290) | | | | | | — |
Voya International Index Portfolio - Class I | | | | | 21,341,642 | | | | | | 16,966,794 | | | | | | (4,760,398) | | | | | | (5,695,267) | | | | | | 27,852,771 | | | | | | 903,564 | | | | | | 217,663 | | | | | | — |
Voya Large Cap Growth Portfolio - Class I | | | | | 42,971,988 | | | | | | 3,250,596 | | | | | | (42,703,936) | | | | | | (3,518,648) | | | | | | — | | | | | | 144,577 | | | | | | 4,056,446 | | | | | | 3,007,642 |
Voya Large Cap Value Fund - Class R6 | | | | | 38,900,620 | | | | | | 6,458,935 | | | | | | (23,547,402) | | | | | | (4,934,736) | | | | | | 16,877,417 | | | | | | 422,289 | | | | | | 1,549,755 | | | | | | 1,337,006 |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 24,986,814 | | | | | | (873,187) | | | | | | (4,498,444) | | | | | | 19,615,183 | | | | | | 93,464 | | | | | | (69,921) | | | | | | 1,203,793 |
Voya MidCap Opportunities Portfolio - Class I | | | | | 42,886,354 | | | | | | 4,519,991 | | | | | | (15,728,747) | | | | | | (6,414,668) | | | | | | 25,262,930 | | | | | | — | | | | | | 1,866,661 | | | | | | 2,867,721 |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 14,284,209 | | | | | | 34,855,483 | | | | | | (6,116,904) | | | | | | (9,554,604) | | | | | | 33,468,184 | | | | | | 358,267 | | | | | | 1,446,346 | | | | | | — |
Voya Multi-Manager International Equity Fund - Class I | | | | | 53,349,145 | | | | | | 6,271,688 | | | | | | (10,486,057) | | | | | | (10,082,520) | | | | | | 39,052,256 | | | | | | 569,199 | | | | | | 673,663 | | | | | | 1,610,970 |
Voya Multi-Manager International Factors Fund - Class I | | | | | 46,413,888 | | | | | | 4,669,973 | | | | | | (16,122,003) | | | | | | (7,110,457) | | | | | | 27,851,401 | | | | | | 790,438 | | | | | | 798,553 | | | | | | 1,195,522 |
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Aggressive Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 36,034,537 | | | | | | 835,495 | | | | | | (32,671,317) | | | | | | (4,198,715) | | | | | | — | | | | | | — | | | | | | 3,321,987 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 42,477,357 | | | | | | 6,893,672 | | | | | | (17,129,964) | | | | | | (7,065,121) | | | | | | 25,175,944 | | | | | | 302,760 | | | | | | (1,418,748) | | | | | | 3,755,369 | | |
Voya Small Company Portfolio - Class I | | | | | 42,223,673 | | | | | | 11,277,779 | | | | | | (8,264,184) | | | | | | (11,634,403) | | | | | | 33,602,865 | | | | | | 208,003 | | | | | | (318,861) | | | | | | 6,019,208 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 7,055,811 | | | | | | 12,526,042 | | | | | | (8,732,309) | | | | | | 298,300 | | | | | | 11,147,844 | | | | | | 86,386 | | | | | | (312,074) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 14,452,906 | | | | | | (2,270,218) | | | | | | (987,390) | | | | | | 11,195,298 | | | | | | 208,190 | | | | | | 97,902 | | | | | | 418,812 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 21,268,052 | | | | | | 18,411,404 | | | | | | (19,148,012) | | | | | | (3,451,445) | | | | | | 17,079,999 | | | | | | 340,963 | | | | | | 681,774 | | | | | | 1,791,214 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 7,187,624 | | | | | | 649,558 | | | | | | (7,629,175) | | | | | | (208,007) | | | | | | — | | | | | | 355,893 | | | | | | (344,260) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 7,042,853 | | | | | | — | | | | | | (6,557,883) | | | | | | (484,970) | | | | | | — | | | | | | — | | | | | | 206,548 | ��� | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 28,954,683 | | | | | | 28,047,353 | | | | | | (6,637,279) | | | | | | (7,727,047) | | | | | | 42,637,710 | | | | | | 734,797 | | | | | | 1,681,222 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 35,244,100 | | | | | | 25,730,194 | | | | | | (10,649,538) | | | | | | (4,578,895) | | | | | | 45,745,861 | | | | | | 1,145,323 | | | | | | 159,891 | | | | | | 3,782,452 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 21,103,324 | | | | | | 31,882,755 | | | | | | (8,200,973) | | | | | | (8,365,345) | | | | | | 36,419,761 | | | | | | 96,501 | | | | | | 859,848 | | | | | | 6,562,843 | | |
| | | | $ | 658,051,314 | | | | | $ | 285,443,473 | | | | | $ | (316,938,583) | | | | | $ | (113,123,582) | | | | | $ | 513,432,622 | | | | | $ | 10,796,490 | | | | | $ | 17,247,598 | | | | | $ | 35,812,209 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 337,391 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 424,372 | | |
Total Asset Derivatives | | | | | | | $ | 761,763 | | |
Liability Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 683,965 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 120,896 | | |
Total Liability Derivatives | | | | | | | $ | 804,861 | | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (1,064,435) | | |
Interest rate contracts | | | | | (3,645) | | |
Total | | | | $ | (1,068,080) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (318,136) | | |
Interest rate contracts | | | | | 303,476 | | |
Total | | | | $ | (14,660) | | |
|
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Aggressive Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $632,068,481. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 980,530 | | |
| Gross Unrealized Depreciation | | | | | (72,444,172) | | |
| Net Unrealized Depreciation | | | | $ | (71,463,642) | | |
|
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Conservative Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 11.0% | | ||||||||||||||||||
| | 13,583 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 1,135,810 | | | | | | 4.0 | | |
| | 4,690 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 569,882 | | | | | | 2.0 | | |
| | 21,333 | | | | Schwab U.S. TIPS ETF | | | | | 1,135,982 | | | | | | 4.0 | | |
| | 2,710 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 142,031 | | | | | | 0.5 | | |
| | 1,908 | | | | Vanguard Real Estate ETF | | | | | 142,280 | | | | | | 0.5 | | |
| | | | | | Total Exchange-Traded Funds (Cost $3,127,637) | | | | | 3,125,985 | | | | | | 11.0 | | |
MUTUAL FUNDS: 89.0% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 87.0% | | ||||||||||||
| | 26,706 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 284,681 | | | | | | 1.0 | | |
| | 210,589 | | | | Voya Floating Rate Fund - Class I | | | | | 1,979,535 | | | | | | 7.0 | | |
| | 60,340 | | | | Voya Global Bond Fund - Class R6 | | | | | 566,591 | | | | | | 2.0 | | |
| | 318,085 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 3,104,506 | | | | | | 10.9 | | |
| | 31,182 | | | | Voya International Index Portfolio - Class I | | | | | 281,265 | | | | | | 1.0 | | |
| | 76,864 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 852,421 | | | | | | 3.0 | | |
| | 24,402 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 923,620 | | | | | | 3.3 | | |
| | 23,388 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 284,632 | | | | | | 1.0 | | | |
| | 66,380 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 704,952 | | | | | | 2.5 | | |
| | 57,564 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 565,856 | | | | | | 2.0 | | |
| | 132,474 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 1,130,003 | | | | | | 4.0 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 33,449 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 283,648 | | | | | | 1.0 | | |
| | 233,495 | | | | Voya Short Term Bond Fund - Class R6 | | | | | 2,253,223 | | | | | | 7.9 | | |
| | 36,064 | | | | Voya Small Company Portfolio - Class I | | | | | 568,001 | | | | | | 2.0 | | |
| | 273,276 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 2,817,471 | | | | | | 9.9 | | |
| | 54,641 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 567,719 | | | | | | 2.0 | | |
| | 82,532 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 1,147,188 | | | | | | 4.0 | | |
| | 231,723 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 2,254,666 | | | | | | 8.0 | | |
| | 69,909 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 1,224,810 | | | | | | 4.3 | | |
| | 114,908 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 2,899,138 | | | | | | 10.2 | | |
| | | | | | | | | | | 24,693,926 | | | | | | 87.0 | | |
| | | | | | Unaffiliated Investment Companies: 2.0% | | ||||||||||||
| | 127,927 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 561,601 | | | | | | 2.0 | | |
| | | | | | Total Mutual Funds (Cost $27,113,826) | | | | | 25,255,527 | | | | | | 89.0 | | |
| | | | | | Total Investments in Securities (Cost $30,241,463) | | | | $ | 28,381,512 | | | | | | 100.0 | | |
| | | | | | Liabilities in Excess of Other Assets | | | | | (13,089) | | | | | | — | | |
| | | | | | Net Assets | | | | $ | 28,368,423 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 3,125,985 | | | | | $ | — | | | | | $ | — | | | | | $ | 3,125,985 | | |
Mutual Funds | | | | | 25,255,527 | | | | | | — | | | | | | — | | | | | | 25,255,527 | | |
Total Investments, at fair value | | | | $ | 28,381,512 | | | | | $ | — | | | | | $ | — | | | | | $ | 28,381,512 | | |
|
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Conservative Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 1,109,388 | | | | | $ | 427,643 | | | | | $ | (1,068,483) | | | | | $ | (183,867) | | | | | $ | 284,681 | | | | | $ | 14,533 | | | | | $ | 124,456 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 2,192,022 | | | | | | 463,861 | | | | | | (589,556) | | | | | | (86,792) | | | | | | 1,979,535 | | | | | | 92,235 | | | | | | 424 | | | | | | — | | |
Voya Global Bond Fund - Class R6 | | | | | 627,553 | | | | | | 122,775 | | | | | | (159,982) | | | | | | (23,755) | | | | | | 566,591 | | | | | | 12,991 | | | | | | (677) | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | | | 1,884,377 | | | | | | 227,344 | | | | | | (2,062,037) | | | | | | (49,684) | | | | | | — | | | | | | 54,828 | | | | | | (4,845) | | | | | | — | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 3,146,288 | | | | | | 1,600,759 | | | | | | (1,573,803) | | | | | | (68,738) | | | | | | 3,104,506 | | | | | | 104,634 | | | | | | (47,358) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 630,584 | | | | | | 178,006 | | | | | | (398,720) | | | | | | (128,605) | | | | | | 281,265 | | | | | | 16,582 | | | | | | 30,584 | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 1,114,519 | | | | | | 235,718 | | | | | | (1,285,750) | | | | | | (64,487) | | | | | | — | | | | | | 6,247 | | | | | | 78,262 | | | | | | 129,961 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 1,108,630 | | | | | | 330,512 | | | | | | (442,715) | | | | | | (144,006) | | | | | | 852,421 | | | | | | 16,785 | | | | | | (7,123) | | | | | | 68,893 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,163,706 | | | | | | (41,087) | | | | | | (198,999) | | | | | | 923,620 | | | | | | 4,319 | | | | | | (5,580) | | | | | | 55,631 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 794,543 | | | | | | 168,152 | | | | | | (541,985) | | | | | | (136,078) | | | | | | 284,632 | | | | | | — | | | | | | 69,808 | | | | | | 44,332 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | — | | | | | | 980,765 | | | | | | (137,519) | | | | | | (138,294) | | | | | | 704,952 | | | | | | 7,436 | | | | | | (18,587) | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 788,114 | | | | | | 201,244 | | | | | | (250,222) | | | | | | (173,280) | | | | | | 565,856 | | | | | | 8,094 | | | | | | 46,622 | | | | | | 22,909 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 791,160 | | | | | | 832,802 | | | | | | (202,502) | | | | | | (291,457) | | | | | | 1,130,003 | | | | | | 31,478 | | | | | | 42,547 | | | | | | 47,610 | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 784,388 | | | | | | 199,588 | | | | | | (529,910) | | | | | | (170,418) | | | | | | 283,648 | | | | | | 5,024 | | | | | | 35,709 | | | | | | 62,312 | | |
Voya Short Term Bond Fund - Class R6 | | | | | 2,494,772 | | | | | | 607,162 | | | | | | (826,945) | | | | | | (21,766) | | | | | | 2,253,223 | | | | | | 61,646 | | | | | | (15,836) | | | | | | — | | |
Voya Small Company Portfolio - Class I | | | | | 935,658 | | | | | | 292,633 | | | | | | (454,993) | | | | | | (205,297) | | | | | | 568,001 | | | | | | 3,164 | | | | | | 16,240 | | | | | | 91,566 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 2,345,068 | | | | | | 1,274,858 | | | | | | (784,512) | | | | | | (17,943) | | | | | | 2,817,471 | | | | | | 57,564 | | | | | | (34,103) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 732,450 | | | | | | (114,298) | | | | | | (50,433) | | | | | | 567,719 | | | | | | 9,929 | | | | | | 5,196 | | | | | | 20,847 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 1,420,170 | | | | | | 1,218,307 | | | | | | (1,262,085) | | | | | | (229,204) | | | | | | 1,147,188 | | | | | | 21,346 | | | | | | 54,756 | | | | | | 83,453 | | |
VY® BlackRock Inflation Protected Bond Portfolio - Class I | | | | | 1,255,030 | | | | | | 207,358 | | | | | | (1,438,718) | | | | | | (23,670) | | | | | | — | | | | | | 25,052 | | | | | | (21,207) | | | | | | — | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 318,564 | | | | | | 47,067 | | | | | | (355,766) | | | | | | (9,865) | | | | | | — | | | | | | 16,561 | | | | | | (14,733) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 312,132 | | | | | | 872 | | | | | | (297,043) | | | | | | (15,961) | | | | | | — | | | | | | — | | | | | | 3,569 | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 2,028,646 | | | | | | 916,619 | | | | | | (615,982) | | | | | | (74,617) | | | | | | 2,254,666 | | | | | | 54,796 | | | | | | (11,840) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 641,678 | | | | | | 1,029,919 | | | | | | (209,185) | | | | | | (237,602) | | | | | | 1,224,810 | | | | | | 20,645 | | | | | | 71,794 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 3,124,189 | | | | | | 775,143 | | | | | | (749,829) | | | | | | (250,365) | | | | | | 2,899,138 | | | | | | 71,157 | | | | | | (3,376) | | | | | | 220,018 | | |
| | | | $ | 29,847,473 | | | | | $ | 14,235,263 | | | | | $ | (16,393,627) | | | | | $ | (2,995,183) | | | | | $ | 24,693,926 | | | | | $ | 717,046 | | | | | $ | 394,702 | | | | | $ | 847,532 | | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (43,555) | | |
Total | | | | $ | (43,555) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (286) | | |
Total | | | | $ | (286) | | |
|
Voya Solution Moderately | PORTFOLIO OF INVESTMENTS |
Conservative Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $30,906,032. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 26,714 | | |
| Gross Unrealized Depreciation | | | | | (2,551,233) | | |
| Net Unrealized Depreciation | | | | $ | (2,524,519) | | |
|
Voya Solution 2020 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 10.0% | | ||||||||||||||||||
| | | 8,077 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 675,398 | | | | | | 2.0 | | |
| | | 5,577 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 677,661 | | | | | | 2.0 | | |
| | | 31,715 | | | | Schwab U.S. TIPS ETF | | | | | 1,688,824 | | | | | | 5.0 | | |
| | | 3,224 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 168,970 | | | | | | 0.5 | | |
| | | 2,270 | | | | Vanguard Real Estate ETF | | | | | 169,274 | | | | | | 0.5 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $3,385,958) | | | | | 3,380,127 | | | | | | 10.0 | | |
| MUTUAL FUNDS: 90.0% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 88.5% | | ||||||||||||
| | | 179,523 | | | | Voya Floating Rate Fund - Class I | | | | | 1,687,515 | | | | | | 5.0 | | |
| | | 108,022 | | | | Voya Global Bond Fund - Class R6 | | | | | 1,014,325 | | | | | | 3.0 | | |
| | | 310,754 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 3,032,956 | | | | | | 9.0 | | |
| | | 74,659 | | | | Voya International Index Portfolio - Class I | | | | | 673,424 | | | | | | 2.0 | | |
| | | 122,322 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 1,356,555 | | | | | | 4.0 | | |
| | | 35,847 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 1,356,799 | | | | | | 4.0 | | |
| | | 13,956 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 169,844 | | | | | | 0.5 | | | |
| | | 79,490 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 844,188 | | | | | | 2.5 | | |
| | | 103,060 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 1,013,081 | | | | | | 3.0 | | |
| | | 197,646 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 1,685,924 | | | | | | 5.0 | | |
| | | 19,958 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 169,241 | | | | | | 0.5 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 253,267 | | | | Voya Short Term Bond Fund - Class R6 | | | | $ | 2,444,023 | | | | | | 7.2 | | |
| | | 21,522 | | | | Voya Small Company Portfolio - Class I | | | | | 338,976 | | | | | | 1.0 | | |
| | | 359,181 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 3,703,160 | | | | | | 10.9 | | |
| | | 130,435 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 1,355,218 | | | | | | 4.0 | | |
| | | 98,756 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 1,372,708 | | | | | | 4.0 | | |
| | | 302,507 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 2,943,397 | | | | | | 8.7 | | |
| | | 39,267 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 687,958 | | | | | | 2.0 | | |
| | | 137,146 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 3,460,205 | | | | | | 10.2 | | |
| | | 8,691 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 678,243 | | | | | | 2.0 | | |
| | | | | | | | | | | | 29,987,740 | | | | | | 88.5 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 114,076 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 500,796 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $32,825,662) | | | | | 30,488,536 | | | | | | 90.0 | | |
| | | | | | | Total Investments in Securities (Cost $36,211,620) | | | | $ | 33,868,663 | | | | | | 100.0 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 13,051 | | | | | | 0.0 | | |
| | | | | | | Net Assets | | | | $ | 33,881,714 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 3,380,127 | | | | | $ | — | | | | | $ | — | | | | | $ | 3,380,127 | | |
Mutual Funds | | | | | 30,488,536 | | | | | | — | | | | | | — | | | | | | 30,488,536 | | |
Total Investments, at fair value | | | | $ | 33,868,663 | | | | | $ | — | | | | | $ | — | | | | | $ | 33,868,663 | | |
|
Voya Solution 2020 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 331,522 | | | | | $ | — | | | | | $ | (331,522) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 2,467 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 1,654,532 | | | | | | 906,107 | | | | | | (801,563) | | | | | | (71,561) | | | | | | 1,687,515 | | | | | | 76,766 | | | | | | (2,599) | | | | | | — | | |
Voya Global Bond Fund - Class R6 | | | | | 994,754 | | | | | | 527,280 | | | | | | (453,778) | | | | | | (53,931) | | | | | | 1,014,325 | | | | | | 22,763 | | | | | | 8,819 | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | | | 663,699 | | | | | | 190,214 | | | | | | (848,781) | | | | | | (5,132) | | | | | | — | | | | | | 20,954 | | | | | | (15,454) | | | | | | — | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 3,308,898 | | | | | | 2,141,151 | | | | | | (2,361,569) | | | | | | (55,524) | | | | | | 3,032,956 | | | | | | 110,270 | | | | | | (71,326) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 393,312 | | | | | | 1,322,516 | | | | | | (934,527) | | | | | | (107,877) | | | | | | 673,424 | | | | | | 29,811 | | | | | | (58,018) | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 1,685,287 | | | | | | 722,002 | | | | | | (2,281,574) | | | | | | (125,715) | | | | | | — | | | | | | 8,954 | | | | | | 145,088 | | | | | | 186,274 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 859,144 | | | | | | 1,312,968 | | | | | | (588,561) | | | | | | (226,996) | | | | | | 1,356,555 | | | | | | 22,695 | | | | | | 8,752 | | | | | | 106,636 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,750,158 | | | | | | (111,144) | | | | | | (282,215) | | | | | | 1,356,799 | | | | | | 6,172 | | | | | | (10,368) | | | | | | 79,494 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 503,761 | | | | | | 249,263 | | | | | | (506,689) | | | | | | (76,491) | | | | | | 169,844 | | | | | | — | | | | | | 25,418 | | | | | | 34,638 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 857,536 | | | | | | 1,278,898 | | | | | | (1,101,361) | | | | | | (190,885) | | | | | | 844,188 | | | | | | 8,633 | | | | | | (7,474) | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 999,946 | | | | | | 662,162 | | | | | | (366,188) | | | | | | (282,839) | | | | | | 1,013,081 | | | | | | 14,089 | | | | | | 60,779 | | | | | | 39,875 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 1,672,856 | | | | | | 1,080,640 | | | | | | (618,724) | | | | | | (448,848) | | | | | | 1,685,924 | | | | | | 45,658 | | | | | | 94,688 | | | | | | 69,057 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 846,952 | | | | | | 166,788 | | | | | | (951,071) | | | | | | (62,669) | | | | | | — | | | | | | — | | | | | | 40,695 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 497,436 | | | | | | 273,864 | | | | | | (545,606) | | | | | | (56,453) | | | | | | 169,241 | | | | | | 3,888 | | | | | | (44,945) | | | | | | 48,228 | | |
Voya Short Term Bond Fund - Class R6 | | | | | 2,389,757 | | | | | | 1,415,422 | | | | | | (1,344,253) | | | | | | (16,903) | | | | | | 2,444,023 | | | | | | 65,009 | | | | | | (22,463) | | | | | | — | | |
Voya Small Company Portfolio - Class I | | | | | 989,132 | | | | | | 397,491 | | | | | | (937,250) | | | | | | (110,397) | | | | | | 338,976 | | | | | | 1,858 | | | | | | (6,720) | | | | | | 53,770 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 1,949,708 | | | | | | 3,366,175 | | | | | | (1,629,705) | | | | | | 16,982 | | | | | | 3,703,160 | | | | | | 67,951 | | | | | | (56,521) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 1,963,556 | | | | | | (479,017) | | | | | | (129,321) | | | | | | 1,355,218 | | | | | | 23,395 | | | | | | 25,173 | | | | | | 48,411 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 1,391,069 | | | | | | 2,366,389 | | | | | | (2,152,267) | | | | | | (232,483) | | | | | | 1,372,708 | | | | | | 25,137 | | | | | | 25,086 | | | | | | 96,980 | | |
VY® BlackRock Inflation Protected Bond Portfolio - Class I | | | | | 1,658,118 | | | | | | 712,853 | | | | | | (2,360,708) | | | | | | (10,263) | | | | | | — | | | | | | 36,413 | | | | | | (54,307) | | | | | | — | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 336,581 | | | | | | 131,838 | | | | | | (456,230) | | | | | | (12,189) | | | | | | — | | | | | | 19,284 | | | | | | (14,608) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 329,957 | | | | | | 3,085 | | | | | | (328,564) | | | | | | (4,478) | | | | | | — | | | | | | — | | | | | | (8,557) | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 2,260,057 | | | | | | 2,085,502 | | | | | | (1,357,126) | | | | | | (45,036) | | | | | | 2,943,397 | | | | | | 69,782 | | | | | | (59,830) | | | | |||||
VY® Invesco Comstock Portfolio - Class I | | | | | 847,032 | | | | | | 437,119 | | | | | | (411,244) | | | | | | (184,949) | | | | | | 687,958 | | | | | | 11,601 | | | | | | 93,933 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 3,301,787 | | | | | | 1,924,402 | | | | | | (1,395,307) | | | | | | (370,677) | | | | | | 3,460,205 | | | | | | 84,654 | | | | | | 71,925 | | | | | | 256,202 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 496,824 | | | | | | 619,709 | | | | | | (280,321) | | | | | | (157,969) | | | | | | 678,243 | | | | | | 1,544 | | | | | | 44,552 | | | | | | 105,034 | | |
| | | | $ | 31,219,657 | | | | | $ | 28,007,552 | | | | | $ | (25,934,650) | | | | | $ | (3,304,819) | | | | | $ | 29,987,740 | | | | | $ | 777,281 | | | | | $ | 214,185 | | | | | $ | 1,124,599 | | |
|
| Cost for federal income tax purposes was $36,612,137. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 44,756 | | |
| Gross Unrealized Depreciation | | | | | (2,788,231) | | |
| Net Unrealized Depreciation | | | | $ | (2,743,475) | | |
|
Voya Solution 2025 Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 6.0% | | ||||||||||||||||||
| | 91,261 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 7,631,245 | | | | | | 1.0 | | |
| | 138,599 | | | | iShares Russell 1000 Value ETF | | | | | 15,391,419 | | | | | | 2.0 | | |
| | 286,678 | | | | Schwab U.S. TIPS ETF | | | | | 15,265,603 | | | | | | 2.0 | | |
| | 72,847 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 3,817,911 | | | | | | 0.5 | | |
| | 51,288 | | | | Vanguard Real Estate ETF | | | | | 3,824,546 | | | | | | 0.5 | | |
| | | | | | Total Exchange-Traded Funds (Cost $47,455,349) | | | | | 45,930,724 | | | | | | 6.0 | | |
MUTUAL FUNDS: 93.7% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 92.2% | | ||||||||||||
| | 717,010 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 7,643,329 | | | | | | 1.0 | | |
| | 4,071,888 | | | | Voya Floating Rate Fund - Class I | | | | | 38,275,752 | | | | | | 5.0 | | |
| | 2,450,133 | | | | Voya Global Bond Fund - Class R6 | | | | | 23,006,749 | | | | | | 3.0 | | |
| | 7,839,399 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 76,512,538 | | | | | | 9.9 | | |
| | 3,390,072 | | | | Voya International Index Portfolio - Class I | | | | | 30,578,452 | | | | | | 4.0 | | |
| | 2,772,548 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 30,747,560 | | | | | | 4.0 | | |
| | 1,016,271 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 38,465,854 | | | | | | 5.0 | | |
| | 1,108,119 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 13,485,804 | | | | | | 1.7 | | | |
| | 2,884,461 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 30,632,981 | | | | | | 4.0 | | |
| | 3,506,092 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 34,464,882 | | | | | | 4.5 | | |
| | 4,930,820 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 42,059,891 | | | | | | 5.4 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 1,584,931 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 13,440,213 | | | | | | 1.7 | | |
| | 2,577,473 | | | | Voya Short Term Bond Fund - Class R6 | | | | | 24,872,619 | | | | | | 3.2 | | |
| | 976,251 | | | | Voya Small Company Portfolio - Class I | | | | | 15,375,955 | | | | | | 2.0 | | |
| | 6,306,903 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 65,024,165 | | | | | | 8.4 | | |
| | 2,958,292 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 30,736,651 | | | | | | 4.0 | | |
| | 1,682,264 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 23,383,469 | | | | | | 3.0 | | |
| | 4,116,406 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 40,052,626 | | | | | | 5.2 | | |
| | 1,335,936 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 23,405,599 | | | | | | 3.0 | | |
| | 3,110,844 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 78,486,591 | | | | | | 10.2 | | |
| | 394,229 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 30,765,610 | | | | | | 4.0 | | |
| | | | | | | | | | | 711,417,290 | | | | | | 92.2 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 2,577,643 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 11,315,855 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $780,436,996) | | | | | 722,733,145 | | | | | | 93.7 | | |
| | | | | | Total Investments in Securities (Cost $827,892,345) | | | | $ | 768,663,869 | | | | | | 99.7 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 2,422,413 | | | | | | 0.3 | | |
| | | | | | Net Assets | | | | $ | 771,086,282 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 45,930,724 | | | | | $ | — | | | | | $ | — | | | | | $ | 45,930,724 | | |
Mutual Funds | | | | | 722,733,145 | | | | | | — | | | | | | — | | | | | | 722,733,145 | | |
Total Investments, at fair value | | | | $ | 768,663,869 | | | | | $ | — | | | | | $ | — | | | | | $ | 768,663,869 | | |
|
Voya Solution 2025 Portfolio | as of December 31, 2018 (continued) |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | | 1,050,347 | | | | | | — | | | | | | — | | | | | | 1,050,347 | | |
Total Assets | | | | $ | 769,714,216 | | | | | $ | — | | | | | $ | — | | | | | $ | 769,714,216 | | |
Liabilities Table | | | | | | ||||||||||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | $ | (472,134) | | | | | $ | — | | | | | $ | — | | | | | $ | (472,134) | | |
Total Liabilities | | | | $ | (472,134) | | | | | $ | — | | | | | $ | — | | | | | $ | (472,134) | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | ||||||||||||||||||||
S&P 500® E-Mini | | | | | 61 | | | | | | 03/15/19 | | | | | $ | 7,640,860 | | | | | $ | (300,266) | | |
U.S. Treasury 2-Year Note | | | | | 36 | | | | | | 03/29/19 | | | | | | 7,643,250 | | | | | | 31,399 | | |
U.S. Treasury Ultra Long Bond | | | | | 95 | | | | | | 03/20/19 | | | | | | 15,262,344 | | | | | | 557,783 | | |
| | | | | | | | | | | | | | | | $ | 30,546,454 | | | | | $ | 288,916 | | |
Short Contracts | | | | | | ||||||||||||||||||||
Mini MSCI Emerging Markets Index | | | | | (157) | | | | | | 03/15/19 | | | | | | (7,589,380) | | | | | | (6,294) | | |
MSCI EAFE Mini Index | | | | | (89) | | | | | | 03/15/19 | | | | | | (7,636,200) | | | | | | 133,214 | | |
S&P Mid 400 E-Mini | | | | | (46) | | | | | | 03/15/19 | | | | | | (7,646,120) | | | | | | 327,951 | | |
U.S. Treasury 10-Year Note | | | | | (63) | | | | | | 03/20/19 | | | | | | (7,686,985) | | | | | | (165,574) | | |
| | | | | | | | | | | | | | | | $ | (30,558,685) | | | | | $ | 289,297 | | |
|
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | |||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 27,772,416 | | | | | $ | 2,247,123 | | | | | $ | (16,847,746) | | | | | $ | (5,528,464) | | | | | $ | 7,643,329 | | | | | $ | 211,106 | | | | | $ | 4,153,148 | | | | | $ | — |
Voya Floating Rate Fund - Class I | | | | | 45,717,600 | | | | | | 5,964,063 | | | | | | (12,144,281) | | | | | | (1,261,630) | | | | | | 38,275,752 | | | | | | 1,884,311 | | | | | | (416,793) | | | | | | — |
Voya Global Bond Fund - Class R6 | | | | | 27,487,089 | | | | | | 3,341,362 | | | | | | (6,684,488) | | | | | | (1,137,214) | | | | | | 23,006,749 | | | | | | 555,307 | | | | | | 79,592 | | | | | | — |
Voya High Yield Bond Fund - Class R6 | | | | | 18,340,529 | | | | | | 1,560,640 | | | | | | (19,800,465) | | | | | | (100,704) | | | | | | — | | | | | | 537,442 | | | | | | (447,788) | | | | | | — |
Voya Intermediate Bond Fund - Class R6 | | | | | 89,033,389 | | | | | | 21,196,423 | | | | | | (31,496,413) | | | | | | (2,220,861) | | | | | | 76,512,538 | | | | | | 2,770,130 | | | | | | (1,016,176) | | | | | | — |
Voya International Index Portfolio - Class I | | | | | 36,825,106 | | | | | | 6,262,299 | | | | | | (5,760,167) | | | | | | (6,748,786) | | | | | | 30,578,452 | | | | | | 961,616 | | | | | | 1,047,808 | | | | | | — |
Voya Large Cap Growth Portfolio - Class I | | | | | 55,606,446 | | | | | | 7,628,748 | | | | | | (58,932,249) | | | | | | (4,302,945) | | | | | | — | | | | | | 271,748 | | | | | | 4,970,577 | | | | | | 5,653,180 |
Voya Large Cap Value Fund - Class R6 | | | | | 27,689,894 | | | | | | 17,177,552 | | | | | | (8,110,390) | | | | | | (6,009,496) | | | | | | 30,747,560 | | | | | | 563,542 | | | | | | 746,683 | | | | | | 2,457,817 |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 48,724,329 | | | | | | (1,714,017) | | | | | | (8,544,458) | | | | | | 38,465,854 | | | | | | 179,864 | | | | | | (167,245) | | | | | | 2,316,604 |
Voya MidCap Opportunities Portfolio - Class I | | | | | 20,883,650 | | | | | | 3,569,696 | | | | | | (7,703,390) | | | | | | (3,264,152) | | | | | | 13,485,804 | | | | | | — | | | | | | 916,888 | | | | | | 1,468,444 |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 18,482,458 | | | | | | 26,487,672 | | | | | | (5,668,811) | | | | | | (8,668,338) | | | | | | 30,632,981 | | | | | | 321,753 | | | | | | 1,546,025 | | | | | | — |
Voya Multi-Manager International Equity Fund - Class I | | | | | 41,423,736 | | | | | | 8,620,725 | | | | | | (7,151,724) | | | | | | (8,427,855) | | | | | | 34,464,882 | | | | | | 492,874 | | | | | | 394,312 | | | | | | 1,394,950 |
Voya Multi-Manager International Factors Fund - Class I | | | | | 50,824,833 | | | | | | 9,961,212 | | | | | | (8,614,418) | | | | | | (10,111,736) | | | | | | 42,059,891 | | | | | | 1,171,264 | | | | | | 725,297 | | | | | | 1,771,514 |
Voya Solution 2025 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 37,198,139 | | | | | | 1,441,111 | | | | | | (34,306,963) | | | | | | (4,332,287) | | | | | | — | | | | | | — | | | | | | 3,417,223 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 20,614,504 | | | | | | 4,506,413 | | | | | | (6,980,587) | | | | | | (4,700,117) | | | | | | 13,440,213 | | | | | | 158,621 | | | | | | 309,676 | | | | | | 1,967,505 | | |
Voya Short Term Bond Fund - Class R6 | | | | | 29,594,566 | | | | | | 4,145,097 | | | | | | (8,644,566) | | | | | | (222,478) | | | | | | 24,872,619 | | | | | | 714,107 | | | | | | (228,029) | | | | | | — | | |
Voya Small Company Portfolio - Class I | | | | | 27,320,054 | | | | | | 6,315,774 | | | | | | (12,817,925) | | | | | | (5,441,948) | | | | | | 15,375,955 | | | | | | 91,726 | | | | | | 32,636 | | | | | | 2,654,388 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | 27,391,992 | | | | | | 52,761,149 | | | | | | (15,301,324) | | | | | | 172,348 | | | | | | 65,024,165 | | | | | | 1,127,486 | | | | | | (570,272) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 39,560,622 | | | | | | (6,136,716) | | | | | | (2,687,255) | | | | | | 30,736,651 | | | | | | 553,184 | | | | | | 276,533 | | | | | | 1,128,544 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 64,458,621 | | | | | | 19,178,064 | | | | | | (53,827,472) | | | | | | (6,425,744) | | | | | | 23,383,469 | | | | | | 456,849 | | | | | | 2,633,831 | | | | | | 2,356,751 | | |
VY® BlackRock Inflation Protected Bond Portfolio - Class I | | | | | — | | | | | | 18,812,597 | | | | | | (18,812,597) | | | | | | — | | | | | | — | | | | | | 153,075 | | | | | | (290,875) | | | | | | — | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 9,302,237 | | | | | | 1,000,490 | | | | | | (10,012,560) | | | | | | (290,167) | | | | | | — | | | | | | 468,256 | | | | | | (428,381) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 9,114,241 | | | | | | 27,672 | | | | | | (8,537,612) | | | | | | (604,301) | | | | | | — | | | | | | — | | | | | | 241,807 | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 54,685,451 | | | | | | 6,895,003 | | | | | | (20,111,009) | | | | | | (1,416,819) | | | | | | 40,052,626 | | | | | | 1,016,703 | | | | | | (632,568) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 28,104,268 | | | | | | 4,669,810 | | | | | | (5,017,168) | | | | | | (4,351,311) | | | | | | 23,405,599 | | | | | | 396,000 | | | | | | 1,103,599 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 91,122,569 | | | | | | 13,314,778 | | | | | | (19,174,883) | | | | | | (6,775,873) | | | | | | 78,486,591 | | | | | | 1,940,408 | | | | | | (322,948) | | | | | | 6,220,834 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 16,012,849 | | | | | | 28,928,241 | | | | | | (6,622,535) | | | | | | (7,552,945) | | | | | | 30,765,610 | | | | | | 77,421 | | | | | | 1,451,469 | | | | | | 5,265,194 | | |
| | | | $ | 875,006,637 | | | | | $ | 364,298,665 | | | | | $ | (416,932,476) | | | | | $ | (110,955,536) | | | | | $ | 711,417,290 | | | | | $ | 17,074,793 | | | | | $ | 19,526,029 | | | | | $ | 34,655,725 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | |||
Asset Derivatives | | | | ||||||
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 461,165 | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 589,182 | |
Total Asset Derivatives | | | | | | | $ | 1,050,347 | |
Liability Derivatives | | | | ||||||
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 306,560 | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 165,574 | |
Total Liability Derivatives | | | | | | | $ | 472,134 | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (1,310,546) | | |
Interest rate contracts | | | | | (25,335) | | |
Total | | | | $ | (1,335,881) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | 191,870 | | |
Interest rate contracts | | | | | 423,608 | | |
Total | | | | $ | 615,478 | | |
|
Voya Solution 2025 Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $842,534,095. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 2,000,072 | | |
| Gross Unrealized Depreciation | | | | | (75,292,085) | | |
| Net Unrealized Depreciation | | | | $ | (73,292,013) | | |
|
Voya Solution 2030 Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 8.5% | | ||||||||||||||||||
| | 7,364 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 615,778 | | | | | | 2.0 | | |
| | 5,085 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 617,879 | | | | | | 2.0 | | |
| | 8,387 | | | | iShares Russell 1000 Value ETF | | | | | 931,376 | | | | | | 3.0 | | |
| | 4,408 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 231,023 | | | | | | 0.7 | | |
| | 3,104 | | | | Vanguard Real Estate ETF | | | | | 231,465 | | | | | | 0.8 | | |
| | | | | | Total Exchange-Traded Funds (Cost $2,692,288) | | | | | 2,627,521 | | | | | | 8.5 | | |
MUTUAL FUNDS: 91.4% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 90.0% | | ||||||||||||
| | 28,877 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 307,827 | | | | | | 1.0 | | |
| | 131,190 | | | | Voya Floating Rate Fund - Class I | | | | | 1,233,190 | | | | | | 4.0 | | |
| | 236,530 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 2,308,532 | | | | | | 7.4 | | |
| | 136,480 | | | | Voya International Index Portfolio - Class I | | | | | 1,231,054 | | | | | | 4.0 | | |
| | 83,579 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 926,894 | | | | | | 3.0 | | |
| | 40,932 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 1,549,275 | | | | | | 5.0 | | |
| | 38,253 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 465,537 | | | | | | 1.5 | | | |
| | 116,173 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 1,233,760 | | | | | | 4.0 | | |
| | 203,966 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 2,004,983 | | | | | | 6.5 | | |
| | 270,798 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 2,309,903 | | | | | | 7.4 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 54,707 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 463,919 | | | | | | 1.5 | | |
| | 39,320 | | | | Voya Small Company Portfolio - Class I | | | | | 619,288 | | | | | | 2.0 | | |
| | 194,210 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 2,002,301 | | | | | | 6.4 | | |
| | 104,255 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 1,083,206 | | | | | | 3.5 | | |
| | 146,879 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 2,041,619 | | | | | | 6.6 | | |
| | 157,890 | | | | VY® Goldman Sachs Bond Portfolio - Class I | | | | | 1,536,270 | | | | | | 4.9 | | |
| | 89,688 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 1,571,334 | | | | | | 5.1 | | |
| | 125,312 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 3,161,616 | | | | | | 10.2 | | |
| | 23,817 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 1,858,693 | | | | | | 6.0 | | |
| | | | | | | | | | | 27,909,201 | | | | | | 90.0 | | |
| | | | | | Unaffiliated Investment Companies: 1.4% | | ||||||||||||
| | 104,024 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 456,667 | | | | | | 1.4 | | |
| | | | | | Total Mutual Funds (Cost $31,907,937) | | | | | 28,365,868 | | | | | | 91.4 | | |
| | | | | | Total Investments in Securities (Cost $34,600,225) | | | | $ | 30,993,389 | | | | | | 99.9 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 17,099 | | | | | | 0.1 | | |
| | | | | | Net Assets | | | | $ | 31,010,488 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 2,627,521 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,627,521 | | |
Mutual Funds | | | | | 28,365,868 | | | | | | — | | | | | | — | | | | | | 28,365,868 | | |
Total Investments, at fair value | | | | $ | 30,993,389 | | | | | $ | — | | | | | $ | — | | | | | $ | 30,993,389 | | |
|
Voya Solution 2030 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 940,753 | | | | | $ | 639,310 | | | | | $ | (1,165,098) | | | | | $ | (107,138) | | | | | $ | 307,827 | | | | | $ | 23,822 | | | | | $ | 12,145 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 1,549,912 | | | | | | 754,952 | | | | | | (1,022,094) | | | | | | (49,580) | | | | | | 1,233,190 | | | | | | 63,025 | | | | | | (6,312) | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | | | 621,744 | | | | | | 209,561 | | | | | | (829,077) | | | | | | (2,228) | | | | | | — | | | | | | 19,197 | | | | | | (17,086) | | | | | | — | | |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 948,705 | | | | | | 180,632 | | | | | | (998,410) | | | | | | (130,927) | | | | | | — | | | | | | — | | | | | | 116,394 | | | | | | — | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 2,095,676 | | | | | | 1,851,041 | | | | | | (1,603,754) | | | | | | (34,431) | | | | | | 2,308,532 | | | | | | 79,936 | | | | | | (49,972) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 633,988 | | | | | | 1,783,075 | | | | | | (953,096) | | | | | | (232,913) | | | | | | 1,231,054 | | | | | | 45,371 | | | | | | (44,505) | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 1,894,894 | | | | | | 846,876 | | | | | | (2,588,504) | | | | | | (153,266) | | | | | | — | | | | | | 9,983 | | | | | | 175,392 | | | | | | 207,670 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 951,870 | | | | | | 963,323 | | | | | | (846,604) | | | | | | (141,695) | | | | | | 926,894 | | | | | | 17,500 | | | | | | (25,957) | | | | | | 75,058 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,985,597 | | | | | | (99,604) | | | | | | (336,718) | | | | | | 1,549,275 | | | | | | 7,231 | | | | | | (10,193) | | | | | | 93,137 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 786,539 | | | | | | 408,995 | | | | | | (578,634) | | | | | | (151,363) | | | | | | 465,537 | | | | | | — | | | | | | 49,233 | | | | | | 60,636 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 943,326 | | | | | | 1,136,898 | | | | | | (487,356) | | | | | | (359,108) | | | | | | 1,233,760 | | | | | | 12,923 | | | | | | 73,622 | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 1,872,839 | | | | | | 1,358,976 | | | | | | (650,720) | | | | | | (576,112) | | | | | | 2,004,983 | | | | | | 28,610 | | | | | | 116,409 | | | | | | 80,971 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 2,193,367 | | | | | | 1,516,253 | | | | | | (788,365) | | | | | | (611,352) | | | | | | 2,309,903 | | | | | | 64,180 | | | | | | 102,327 | | | | | | 97,071 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 1,269,987 | | | | | | 240,843 | | | | | | (1,418,881) | | | | | | (91,949) | | | | | | — | | | | | | — | | | | | | 56,826 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 776,569 | | | | | | 467,576 | | | | | | (616,352) | | | | | | (163,874) | | | | | | 463,919 | | | | | | 7,282 | | | | | | (31,833) | | | | | | 90,342 | | |
Voya Small Company Portfolio - Class I | | | | | 1,235,204 | | | | | | 601,627 | | | | | | (1,005,452) | | | | | | (212,091) | | | | | | 619,288 | | | | | | 3,435 | | | | | | (3,062) | | | | | | 99,441 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 2,664,436 | | | | | | (681,076) | | | | | | 18,941 | | | | | | 2,002,301 | | | | | | 24,800 | | | | | | (1,849) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 1,532,189 | | | | | | (344,912) | | | | | | (104,071) | | | | | | 1,083,206 | | | | | | 18,997 | | | | | | 13,242 | | | | | | 39,684 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 2,521,545 | | | | | | 3,115,990 | | | | | | (3,183,670) | | | | | | (412,246) | | | | | | 2,041,619 | | | | | | 37,679 | | | | | | 88,869 | | | | | | 130,377 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 473,041 | | | | | | 208,198 | | | | | | (662,113) | | | | | | (19,126) | | | | | | — | | | | | | 25,802 | | | | | | (18,694) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 463,620 | | | | | | 2,529 | | | | | | (457,585) | | | | | | (8,564) | | | | | | — | | | | | | — | | | | | | (9,893) | | | | | | — | | |
VY® Goldman Sachs Bond Portfolio - Class I | | | | | 1,313,518 | | | | | | 1,017,503 | | | | | | (765,803) | | | | | | (28,948) | | | | | | 1,536,270 | | | | | | 35,570 | | | | | | (28,509) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 952,545 | | | | | | 1,416,792 | | | | | | (496,106) | | | | | | (301,897) | | | | | | 1,571,334 | | | | | | 26,799 | | | | | | 79,611 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 3,092,836 | | | | | | 1,727,352 | | | | | | (1,292,154) | | | | | | (366,418) | | | | | | 3,161,616 | | | | | | 78,050 | | | | | | 81,479 | | | | | | 228,519 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 930,569 | | | | | | 2,034,438 | | | | | | (650,376) | | | | | | (455,938) | | | | | | 1,858,693 | | | | | | 4,248 | | | | | | 104,761 | | | | | | 288,889 | | |
| | | | $ | 28,463,047 | | | | | $ | 28,664,962 | | | | | $ | (24,185,796) | | | | | $ | (5,033,012) | | | | | $ | 27,909,201 | | | | | $ | 634,440 | | | | | $ | 822,445 | | | | | $ | 1,491,795 | | |
|
| Cost for federal income tax purposes was $34,890,184. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 46,231 | | |
| Gross Unrealized Depreciation | | | | | (3,943,026) | | |
| Net Unrealized Depreciation | | | | $ | (3,896,795) | | |
|
Voya Solution 2035 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 5.5% | | ||||||||||||||||||
| | | 91,083 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 7,616,360 | | | | | | 1.0 | | |
| | | 207,494 | | | | iShares Russell 1000 Value ETF | | | | | 23,042,209 | | | | | | 3.0 | | |
| | | 109,057 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 5,715,677 | | | | | | 0.7 | | |
| | | 76,782 | | | | Vanguard Real Estate ETF | | | | | 5,725,634 | | | | | | 0.8 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $44,066,313) | | | | | 42,099,880 | | | | | | 5.5 | | |
| MUTUAL FUNDS: 94.1% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 92.7% | | ||||||||||||
| | | 2,149,745 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 22,916,283 | | | | | | 3.0 | | |
| | | 3,255,732 | | | | Voya Floating Rate Fund - Class I | | | | | 30,603,880 | | | | | | 4.0 | | |
| | | 1,481,593 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 36,506,441 | | | | | | 4.7 | | |
| | | 6,855,590 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 66,910,557 | | | | | | 8.7 | | |
| | | 5,083,164 | | | | Voya International Index Portfolio - Class I | | | | | 45,850,143 | | | | | | 5.9 | | |
| | | 2,079,983 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 23,067,015 | | | | | | 3.0 | | |
| | | 1,117,378 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 42,292,751 | | | | | | 5.5 | | |
| | | 1,582,327 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 19,256,918 | | | | | | 2.5 | | | |
| | | 3,603,524 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 38,269,430 | | | | | | 4.9 | | |
| | | 5,840,398 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 57,411,116 | | | | | | 7.4 | | |
| | | 6,720,148 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 57,322,867 | | | | | | 7.4 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 2,263,078 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 19,190,898 | | | | | | 2.5 | | |
| | | 975,786 | | | | Voya Small Company Portfolio - Class I | | | | | 15,368,634 | | | | | | 2.0 | | |
| | | 2,225,553 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 22,945,452 | | | | | | 3.0 | | |
| | | 1,478,431 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 15,360,895 | | | | | | 2.0 | | |
| | | 2,525,448 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 35,103,721 | | | | | | 4.5 | | |
| | | 2,893,718 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 50,697,935 | | | | | | 6.6 | | |
| | | 2,487,785 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 62,766,825 | | | | | | 8.1 | | |
| | | 689,578 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 53,814,670 | | | | | | 7.0 | | |
| | | | | | | | | | | | 715,656,431 | | | | | | 92.7 | | |
| | | | | | | Unaffiliated Investment Companies: 1.4% | | ||||||||||||
| | | 2,572,341 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 11,292,576 | | | | | | 1.4 | | |
| | | | | | | Total Mutual Funds (Cost $794,377,226) | | | | | 726,949,007 | | | | | | 94.1 | | |
| | | | | | | Total Investments in Securities (Cost $838,443,539) | | | | $ | 769,048,887 | | | | | | 99.6 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 3,124,802 | | | | | | 0.4 | | |
| | | | | | | Net Assets | | | | $ | 772,173,689 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | ||||||||||||||||||||
Investments, at fair value | | | | | | ||||||||||||||||||||
Exchange-Traded Funds | | | | $ | 42,099,880 | | | | | $ | — | | | | | $ | — | | | | | $ | 42,099,880 | | |
Mutual Funds | | | | | 726,949,007 | | | | | | — | | | | | | — | | | | | | 726,949,007 | | |
Total Investments, at fair value | | | | $ | 769,048,887 | | | | | $ | — | | | | | $ | — | | | | | $ | 769,048,887 | | |
|
Voya Solution 2035 Portfolio | as of December 31, 2018 (continued) |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | | 1,045,331 | | | | | | — | | | | | | — | | | | | | 1,045,331 | | |
Total Assets | | | | $ | 770,094,218 | | | | | $ | — | | | | | $ | — | | | | | $ | 770,094,218 | | |
Liabilities Table | | | | | | ||||||||||||||||||||
Other Financial Instruments+ | | | | | | ||||||||||||||||||||
Futures | | | | $ | (783,697) | | | | | $ | — | | | | | $ | — | | | | | $ | (783,697) | | |
Total Liabilities | | | | $ | (783,697) | | | | | $ | — | | | | | $ | — | | | | | $ | (783,697) | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | ||||||||||||||||||||
S&P 500® E-Mini | | | | | 123 | | | | | | 03/15/19 | | | | | $ | 15,406,980 | | | | | $ | (605,535) | | |
U.S. Treasury 2-Year Note | | | | | 36 | | | | | | 03/29/19 | | | | | | 7,643,250 | | | | | | 31,399 | | |
U.S. Treasury Ultra Long Bond | | | | | 95 | | | | | | 03/20/19 | | | | | | 15,262,344 | | | | | | 552,767 | | |
| | | | | | | | | | | | | | | | $ | 38,312,574 | | | | | $ | (21,369) | | |
Short Contracts | | | | | | ||||||||||||||||||||
Mini MSCI Emerging Markets Index | | | | | (314) | | | | | | 03/15/19 | | | | | | (15,178,760) | | | | | | (12,588) | | |
MSCI EAFE Mini Index | | | | | (89) | | | | | | 03/15/19 | | | | | | (7,636,200) | | | | | | 133,214 | | |
S&P Mid 400 E-Mini | | | | | (46) | | | | | | 03/15/19 | | | | | | (7,646,120) | | | | | | 327,951 | | |
U.S. Treasury 10-Year Note | | | | | (63) | | | | | | 03/20/19 | | | | | | (7,686,985) | | | | | | (165,574) | | |
| | | | | | | | | | | | | | | | $ | (38,148,065) | | | | | $ | 283,003 | | |
|
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | |||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 27,963,942 | | | | | $ | 6,200,387 | | | | | $ | (5,673,247) | | | | | $ | (5,574,799) | | | | | $ | 22,916,283 | | | | | $ | 638,930 | | | | | $ | 1,008,790 | | | | | $ | — |
Voya Floating Rate Fund - Class I | | | | | 46,020,909 | | | | | | 6,524,221 | | | | | | (21,217,899) | | | | | | (723,351) | | | | | | 30,603,880 | | | | | | 1,720,960 | | | | | | (661,831) | | | | | | — |
Voya High Yield Bond Fund - Class R6 | | | | | 18,461,448 | | | | | | 1,903,684 | | | | | | (19,864,048) | | | | | | (501,084) | | | | | | — | | | | | | 541,673 | | | | | | (54,370) | | | | | | — |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 28,175,352 | | | | | | 23,033,025 | | | | | | (6,929,033) | | | | | | (7,772,903) | | | | | | 36,506,441 | | | | | | 646,119 | | | | | | 1,606,364 | | | | | | 3,405,271 |
Voya Intermediate Bond Fund - Class R6 | | | | | 47,862,192 | | | | | | 41,747,729 | | | | | | (21,581,924) | | | | | | (1,117,440) | | | | | | 66,910,557 | | | | | | 2,126,412 | | | | | | (808,664) | | | | | | — |
Voya International Index Portfolio - Class I | | | | | 46,338,518 | | | | | | 16,591,445 | | | | | | (7,156,417) | | | | | | (9,923,403) | | | | | | 45,850,143 | | | | | | 1,460,171 | | | | | | 1,119,968 | | | | | | — |
Voya Large Cap Growth Portfolio - Class I | | | | | 65,374,808 | | | | | | 8,693,258 | | | | | | (68,799,564) | | | | | | (5,268,502) | | | | | | — | | | | | | 303,255 | | | | | | 6,020,899 | | | | | | 6,308,630 |
Voya Large Cap Value Fund - Class R6 | | | | | 27,805,710 | | | | | | 7,266,925 | | | | | | (7,709,010) | | | | | | (4,296,610) | | | | | | 23,067,015 | | | | | | 461,828 | | | | | | 170,370 | | | | | | 1,841,581 |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 53,561,262 | | | | | | (1,672,339) | | | | | | (9,596,172) | | | | | | 42,292,751 | | | | | | 199,751 | | | | | | (139,892) | | | | | | 2,572,736 |
Voya MidCap Opportunities Portfolio - Class I | | | | | 32,697,693 | | | | | | 4,618,650 | | | | | | (13,543,110) | | | | | | (4,516,315) | | | | | | 19,256,918 | | | | | | — | | | | | | 1,079,959 | | | | | | 2,122,947 |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 37,219,584 | | | | | | 20,063,443 | | | | | | (8,883,775) | | | | | | (10,129,822) | | | | | | 38,269,430 | | | | | | 406,044 | | | | | | 779,541 | | | | | | — |
Voya Multi-Manager International Equity Fund - Class I | | | | | 64,868,082 | | | | | | 16,724,800 | | | | | | (10,023,165) | | | | | | (14,158,601) | | | | | | 57,411,116 | | | | | | 829,263 | | | | | | 497,571 | | | | | | 2,347,011 |
Voya Multi-Manager International Factors Fund - Class I | | | | | 65,117,493 | | | | | | 16,261,369 | | | | | | (10,545,119) | | | | | | (13,510,876) | | | | | | 57,322,867 | | | | | | 1,612,239 | | | | | | 413,355 | | | | | | 2,438,478 |
Voya Solution 2035 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 73,325,404 | | | | | | 2,907,758 | | | | | | (68,878,710) | | | | | | (7,354,452) | | | | | | — | | | | | | — | | | | | | 5,482,353 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 32,279,828 | | | | | | 6,564,534 | | | | | | (13,861,243) | | | | | | (5,792,221) | | | | | | 19,190,898 | | | | | | 228,730 | | | | | | (649,109) | | | | | | 2,837,122 | | |
Voya Small Company Portfolio - Class I | | | | | 36,671,155 | | | | | | 6,731,509 | | | | | | (21,761,442) | | | | | | (6,272,588) | | | | | | 15,368,634 | | | | | | 92,167 | | | | | | 645,941 | | | | | | 2,667,128 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 26,453,901 | | | | | | (3,829,438) | | | | | | 320,989 | | | | | | 22,945,452 | | | | | | 177,952 | | | | | | (7,723) | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 19,806,089 | | | | | | (3,085,436) | | | | | | (1,359,758) | | | | | | 15,360,895 | | | | | | 281,451 | | | | | | 134,432 | | | | | | 569,579 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 74,265,145 | | | | | | 24,512,719 | | | | | | (54,926,974) | | | | | | (8,747,169) | | | | | | 35,103,721 | | | | | | 679,423 | | | | | | 3,312,835 | | | | | | 3,110,618 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 14,044,966 | | | | | | 1,778,108 | | | | | | (15,166,830) | | | | | | (656,244) | | | | | | — | | | | | | 712,595 | | | | | | (442,079) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 13,762,642 | | | | | | 17,599 | | | | | | (12,531,262) | | | | | | (1,248,979) | | | | | | — | | | | | | — | | | | | | 701,884 | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 37,717,518 | | | | | | 30,147,944 | | | | | | (8,203,142) | | | | | | (8,964,385) | | | | | | 50,697,935 | | | | | | 869,106 | | | | | | 1,777,969 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 64,278,276 | | | | | | 19,142,364 | | | | | | (15,207,339) | | | | | | (5,446,476) | | | | | | 62,766,825 | | | | | | 1,565,072 | | | | | | (421,961) | | | | | | 5,048,867 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 27,627,985 | | | | | | 50,205,680 | | | | | | (11,039,982) | | | | | | (12,979,013) | | | | | | 53,814,670 | | | | | | 138,099 | | | | | | 2,001,068 | | | | | | 9,391,816 | | |
| | | | $ | 881,878,650 | | | | | $ | 411,458,403 | | | | | $ | (432,090,448) | | | | | $ | (145,590,174) | | | | | $ | 715,656,431 | | | | | $ | 15,691,240 | | | | | $ | 23,567,670 | | | | | $ | 44,661,784 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | |||
Asset Derivatives | | | | ||||||
Equity contracts | | | Net Asset — Unrealized appreciation* | | | | $ | 461,165 | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 584,166 | |
Total Asset Derivatives | | | | | | | $ | 1,045,331 | |
Liability Derivatives | | | | ||||||
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 618,123 | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 165,574 | |
Total Liability Derivatives | | | | | | | $ | 783,697 | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (985,876) | | |
Interest rate contracts | | | | | (15,624) | | |
Total | | | | $ | (1,001,500) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (120,476) | | |
Interest rate contracts | | | | | 418,592 | | |
Total | | | | $ | 298,116 | | |
|
Voya Solution 2035 Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $852,595,592. | | | |||||
| Net unrealized depreciation consisted of: | | | |||||
| Gross Unrealized Appreciation | | | | $ | 1,191,369 | | |
| Gross Unrealized Depreciation | | | | | (84,476,439) | | |
| Net Unrealized Depreciation | | | | $ | (83,285,070) | | |
|
Voya Solution 2040 Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 8.4% | | ||||||||||||||||||
| | 5,724 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 478,641 | | | | | | 2.0 | | |
| | 3,953 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 480,329 | | | | | | 2.0 | | |
| | 6,520 | | | | iShares Russell 1000 Value ETF | | | | | 724,046 | | | | | | 3.0 | | |
| | 3,427 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 179,609 | | | | | | 0.7 | | |
| | 2,413 | | | | Vanguard Real Estate ETF | | | | | 179,937 | | | | | | 0.7 | | |
| | | | | | Total Exchange-Traded Funds (Cost $2,083,544) | | | | | 2,042,562 | | | | | | 8.4 | | |
MUTUAL FUNDS: 91.6% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 90.1% | | ||||||||||||
| | 22,511 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 239,972 | | | | | | 1.0 | | |
| | 77,386 | | | | Voya Floating Rate Fund - Class I | | | | | 727,431 | | | | | | 3.0 | | |
| | 51,900 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 1,278,805 | | | | | | 5.2 | | |
| | 93,999 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 917,430 | | | | | | 3.8 | | |
| | 188,131 | | | | Voya International Index Portfolio - Class I | | | | | 1,696,945 | | | | | | 6.9 | | |
| | 77,478 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 859,227 | | | | | | 3.5 | | |
| | 35,413 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 1,340,399 | | | | | | 5.5 | | |
| | 50,147 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 610,287 | | | | | | 2.5 | | | |
| | 125,840 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 1,336,421 | | | | | | 5.5 | | |
| | 197,445 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 1,940,888 | | | | | | 8.0 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 198,790 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | $ | 1,695,681 | | | | | | 6.9 | | |
| | 71,720 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 608,181 | | | | | | 2.5 | | |
| | 46,389 | | | | Voya Small Company Portfolio - Class I | | | | | 730,631 | | | | | | 3.0 | | |
| | 47,020 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 484,779 | | | | | | 2.0 | | |
| | 46,857 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 486,840 | | | | | | 2.0 | | |
| | 115,959 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 1,611,832 | | | | | | 6.6 | | |
| | 91,700 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 1,606,586 | | | | | | 6.6 | | |
| | 78,843 | | | | VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 1,989,201 | | | | | | 8.1 | | |
| | 23,416 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 1,827,390 | | | | | | 7.5 | | |
| | | | | | | | | | | 21,988,926 | | | | | | 90.1 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 80,840 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 354,888 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $25,667,854) | | | | | 22,343,814 | | | | | | 91.6 | | |
| | | | | | Total Investments in Securities (Cost $27,751,398) | | | | $ | 24,386,376 | | | | | | 100.0 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 6,001 | | | | | | 0.0 | | |
| | | | | | Net Assets | | | | $ | 24,392,377 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 2,042,562 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,042,562 | | |
Mutual Funds | | | | | 22,343,814 | | | | | | — | | | | | | — | | | | | | 22,343,814 | | |
Total Investments, at fair value | | | | $ | 24,386,376 | | | | | $ | — | | | | | $ | — | | | | | $ | 24,386,376 | | |
|
Voya Solution 2040 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 716,631 | | | | | $ | 533,031 | | | | | $ | (926,557) | | | | | $ | (83,133) | | | | | $ | 239,972 | | | | | $ | 19,128 | | | | | $ | 5,477 | | | | | $ | — | | |
Voya Floating Rate Fund - Class I | | | | | 709,033 | | | | | | 398,927 | | | | | | (351,016) | | | | | | (29,513) | | | | | | 727,431 | | | | | | 35,295 | | | | | | (4,288) | | | | | | — | | |
Voya High Yield Bond Fund - Class R6 | | | | | 474,061 | | | | | | 151,182 | | | | | | (625,267) | | | | | | 24 | | | | | | — | | | | | | 15,391 | | | | | | (15,447) | | | | | | — | | |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 723,119 | | | | | | 1,224,030 | | | | | | (422,919) | | | | | | (245,425) | | | | | | 1,278,805 | | | | | | 21,389 | | | | | | 34,938 | | | | | | 112,726 | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 531,804 | | | | | | 1,216,108 | | | | | | (824,980) | | | | | | (5,502) | | | | | | 917,430 | | | | | | 30,021 | | | | | | (21,569) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 722,786 | | | | | | 2,189,861 | | | | | | (877,946) | | | | | | (337,756) | | | | | | 1,696,945 | | | | | | 58,317 | | | | | | (20,380) | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 2,046,017 | | | | | | 783,790 | | | | | | (2,683,738) | | | | | | (146,069) | | | | | | — | | | | | | 9,105 | | | | | | 163,251 | | | | | | 189,402 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 848,290 | | | | | | 785,101 | | | | | | (635,084) | | | | | | (139,080) | | | | | | 859,227 | | | | | | 16,676 | | | | | | (12,909) | | | | | | 67,234 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,730,248 | | | | | | (95,048) | | | | | | (294,801) | | | | | | 1,340,399 | | | | | | 6,219 | | | | | | (6,758) | | | | | | 80,098 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 959,098 | | | | | | 463,233 | | | | | | (629,903) | | | | | | (182,141) | | | | | | 610,287 | | | | | | — | | | | | | 53,529 | | | | | | 76,018 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 1,078,082 | | | | | | 1,066,494 | | | | | | (403,576) | | | | | | (404,579) | | | | | | 1,336,421 | | | | | | 13,850 | | | | | | 84,412 | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 1,903,492 | | | | | | 1,101,472 | | | | | | (520,668) | | | | | | (543,408) | | | | | | 1,940,888 | | | | | | 27,522 | | | | | | 91,206 | | | | | | 77,894 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 1,671,763 | | | | | | 959,912 | | | | | | (493,551) | | | | | | (442,443) | | | | | | 1,695,681 | | | | | | 46,821 | | | | | | 64,915 | | | | | | 70,815 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 2,061,552 | | | | | | 407,521 | | | | | | (2,328,529) | | | | | | (140,544) | | | | | | — | | | | | | (1) | | | | | | 78,089 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 947,181 | | | | | | 540,602 | | | | | | (659,871) | | | | | | (219,731) | | | | | | 608,181 | | | | | | 8,544 | | | | | | (15,262) | | | | | | 105,972 | | |
Voya Small Company Portfolio - Class I | | | | | 1,176,801 | | | | | | 630,100 | | | | | | (857,201) | | | | | | (219,069) | | | | | | 730,631 | | | | | | 4,158 | | | | | | (37,220) | | | | | | 120,318 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 530,797 | | | | | | (54,277) | | | | | | 8,259 | | | | | | 484,779 | | | | | | 1,333 | | | | | | 681 | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 694,898 | | | | | | (160,748) | | | | | | (47,310) | | | | | | 486,840 | | | | | | 8,714 | | | | | | 7,299 | | | | | | 17,731 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 1,200,241 | | | | | | 2,172,501 | | | | | | (1,470,260) | | | | | | (290,650) | | | | | | 1,611,832 | | | | | | 29,635 | | | | | | 36,053 | | | | | | 107,938 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 360,576 | | | | | | 157,683 | | | | | | (503,213) | | | | | | (15,046) | | | | | | — | | | | | | 21,394 | | | | | | (15,287) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 353,513 | | | | | | 3,560 | | | | | | (350,449) | | | | | | (6,624) | | | | | | — | | | | | | — | | | | | | (7,438) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 1,089,042 | | | | | | 1,264,579 | | | | | | (432,603) | | | | | | (314,432) | | | | | | 1,606,586 | | | | | | 27,319 | | | | | | 86,933 | | | | | | — | | |
VY® T. Rowe Price Capital Appreciation Portfolio - Class I | | | | | 1,591,703 | | | | | | 1,303,881 | | | | | | (679,258) | | | | | | (227,125) | | | | | | 1,989,201 | | | | | | 49,185 | | | | | | 39,595 | | | | | | 151,584 | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 709,249 | | | | | | 2,139,875 | | | | | | (599,205) | | | | | | (422,529) | | | | | | 1,827,390 | | | | | | 4,272 | | | | | | 59,340 | | | | | | 290,561 | | |
| | | | $ | 21,874,034 | | | | | $ | 22,449,386 | | | | | $ | (17,585,867) | | | | | $ | (4,748,627) | | | | | $ | 21,988,926 | | | | | $ | 454,287 | | | | | $ | 649,160 | | | | | $ | 1,468,291 | | |
|
| Cost for federal income tax purposes was $27,916,696. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 29,309 | | |
| Gross Unrealized Depreciation | | | | | (3,559,629) | | |
| Net Unrealized Depreciation | | | | $ | (3,530,320) | | |
|
Voya Solution 2045 Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 5.0% | | ||||||||||||||||||
| | 176,884 | | | | iShares Russell 1000 Value ETF | | | | $ | 19,642,968 | | | | | | 3.5 | | |
| | 79,688 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 4,176,448 | | | | | | 0.7 | | |
| | 56,104 | | | | Vanguard Real Estate ETF | | | | | 4,183,675 | | | | | | 0.8 | | |
| | | | | | Total Exchange-Traded Funds (Cost $28,671,163) | | | | | 28,003,091 | | | | | | 5.0 | | |
MUTUAL FUNDS: 94.5% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 93.0% | | ||||||||||||
| | 1,569,284 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 16,728,572 | | | | | | 3.0 | | |
| | 1,039,831 | | | | Voya Floating Rate Fund - Class I | | | | | 9,774,415 | | | | | | 1.7 | | |
| | 1,707,832 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 42,080,982 | | | | | | 7.4 | | |
| | 2,430,807 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 23,724,672 | | | | | | 4.2 | | |
| | 4,947,192 | | | | Voya International Index Portfolio - Class I | | | | | 44,623,675 | | | | | | 7.9 | | |
| | 2,022,922 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 22,434,204 | | | | | | 4.0 | | |
| | 1,112,370 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 42,103,213 | | | | | | 7.5 | | |
| | 1,617,265 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 19,682,117 | | | | | | 3.5 | | | |
| | 3,682,728 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 39,110,566 | | | | | | 6.9 | | |
| | 5,116,327 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 50,293,499 | | | | | | 8.9 | | |
| | 4,578,726 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 39,056,534 | | | | | | 6.9 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 2,312,978 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 19,614,055 | | | | | | 3.5 | | |
| | 1,068,546 | | | | Voya Small Company Portfolio - Class I | | | | | 16,829,602 | | | | | | 3.0 | | |
| | 1,083,056 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 11,166,307 | | | | | | 2.0 | | |
| | 1,079,313 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 11,214,062 | | | | | | 2.0 | | |
| | 2,252,886 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 31,315,115 | | | | | | 5.5 | | |
| | 2,437,803 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 42,710,314 | | | | | | 7.6 | | |
| | 539,383 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 42,093,423 | | | | | | 7.5 | | |
| | | | | | | | | | | 524,555,327 | | | | | | 93.0 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 1,879,444 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 8,250,760 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $595,451,465) | | | | | 532,806,087 | | | | | | 94.5 | | |
| | | | | | Total Investments in Securities (Cost $624,122,628) | | | | $ | 560,809,178 | | | | | | 99.5 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 3,097,415 | | | | | | 0.5 | | |
| | | | | | Net Assets | | | | $ | 563,906,593 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 28,003,091 | | | | | $ | — | | | | | $ | — | | | | | $ | 28,003,091 | | |
Mutual Funds | | | | | 532,806,087 | | | | | | — | | | | | | — | | | | | | 532,806,087 | | |
Total Investments, at fair value | | | | $ | 560,809,178 | | | | | $ | — | | | | | $ | — | | | | | $ | 560,809,178 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 770,275 | | | | | | — | | | | | | — | | | | | | 770,275 | | |
Total Assets | | | | $ | 561,579,453 | | | | | $ | — | | | | | $ | — | | | | | $ | 561,579,453 | | |
|
Voya Solution 2045 Portfolio | as of December 31, 2018 (continued) |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (804,941) | | | | | $ | — | | | | | $ | — | | | | | $ | (804,941) | | |
Total Liabilities | | | | $ | (804,941) | | | | | $ | — | | | | | $ | — | | | | | $ | (804,941) | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||
Long Contracts | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | 134 | | | 03/15/19 | | | | $ | 16,784,840 | | | | | $ | (670,254) | | |
U.S. Treasury 2-Year Note | | | 26 | | | 03/29/19 | | | | | 5,520,125 | | | | | | 22,678 | | |
U.S. Treasury Ultra Long Bond | | | 70 | | | 03/20/19 | | | | | 11,245,938 | | | | | | 410,206 | | |
| | | | | | | | | | $ | 33,550,903 | | | | | $ | (237,370) | | |
Short Contracts | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | (344) | | | 03/15/19 | | | | | (16,628,960) | | | | | | (13,791) | | |
MSCI EAFE Mini Index | | | (65) | | | 03/15/19 | | | | | (5,577,000) | | | | | | 96,893 | | |
S&P Mid 400 E-Mini | | | (34) | | | 03/15/19 | | | | | (5,651,480) | | | | | | 240,498 | | |
U.S. Treasury 10-Year Note | | | (46) | | | 03/20/19 | | | | | (5,612,719) | | | | | | (120,896) | | |
| | | | | | | | | | $ | (33,470,159) | | | | | $ | 202,704 | | |
|
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | |||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 20,777,032 | | | | | $ | 4,655,249 | | | | | $ | (4,513,784) | | | | | $ | (4,189,925) | | | | | $ | 16,728,572 | | | | | $ | 480,164 | | | | | $ | 759,464 | | | | | $ | — |
Voya Floating Rate Fund - Class I | | | | | 11,967,575 | | | | | | 2,180,561 | | | | | | (4,063,521) | | | | | | (310,200) | | | | | | 9,774,415 | | | | | | 520,318 | | | | | | (149,716) | | | | | | — |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 20,933,949 | | | | | | 38,964,277 | | | | | | (8,793,150) | | | | | | (9,024,094) | | | | | | 42,080,982 | | | | | | 768,119 | | | | | | 1,920,267 | | | | | | 4,048,275 |
Voya Intermediate Bond Fund - Class R6 | | | | | 29,065,981 | | | | | | 5,530,669 | | | | | | (10,162,363) | | | | | | (709,615) | | | | | | 23,724,672 | | | | | | 916,137 | | | | | | (360,181) | | | | | | — |
Voya International Index Portfolio - Class I | | | | | 41,315,142 | | | | | | 21,021,127 | | | | | | (7,660,609) | | | | | | (10,051,985) | | | | | | 44,623,675 | | | | | | 1,463,406 | | | | | | 1,257,343 | | | | | | — |
Voya Large Cap Growth Portfolio - Class I | | | | | 72,865,831 | | | | | | 9,662,256 | | | | | | (76,471,199) | | | | | | (6,056,888) | | | | | | — | | | | | | 307,491 | | | | | | 6,926,295 | | | | | | 6,396,749 |
Voya Large Cap Value Fund - Class R6 | | | | | 27,471,662 | | | | | | 7,720,263 | | | | | | (8,228,123) | | | | | | (4,529,598) | | | | | | 22,434,204 | | | | | | 459,419 | | | | | | 428,371 | | | | | | 1,823,448 |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 53,697,977 | | | | | | (1,937,328) | | | | | | (9,657,436) | | | | | | 42,103,213 | | | | | | 201,130 | | | | | | (183,048) | | | | | | 2,590,499 |
Voya MidCap Opportunities Portfolio - Class I | | | | | 34,704,127 | | | | | | 4,869,515 | | | | | | (14,481,613) | | | | | | (5,409,912) | | | | | | 19,682,117 | | | | | | — | | | | | | 1,839,724 | | | | | | 2,213,720 |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 34,567,986 | | | | | | 25,264,950 | | | | | | (9,721,847) | | | | | | (11,000,523) | | | | | | 39,110,566 | | | | | | 419,752 | | | | | | 1,320,085 | | | | | | — |
Voya Multi-Manager International Equity Fund - Class I | | | | | 61,967,101 | | | | | | 10,934,408 | | | | | | (10,327,518) | | | | | | (12,280,492) | | | | | | 50,293,499 | | | | | | 734,773 | | | | | | 77,472 | | | | | | 2,079,585 |
Voya Multi-Manager International Factors Fund - Class I | | | | | 41,469,698 | | | | | | 14,910,957 | | | | | | (8,734,256) | | | | | | (8,589,865) | | | | | | 39,056,534 | | | | | | 1,111,050 | | | | | | (526,433) | | | | | | 1,680,441 |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 69,881,536 | | | | | | 2,500,283 | | | | | | (65,852,825) | | | | | | (6,528,994) | | | | | | — | | | | | | — | | | | | | 4,714,077 | | | | | | — |
Voya Solution 2045 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 34,261,826 | | | | | | 7,140,042 | | | | | | (16,184,727) | | | | | | (5,603,086) | | | | | | 19,614,055 | | | | | | 236,430 | | | | | | (1,083,737) | | | | | | 2,932,624 | | |
Voya Small Company Portfolio - Class I | | | | | 34,056,436 | | | | | | 7,538,950 | | | | | | (17,871,104) | | | | | | (6,894,680) | | | | | | 16,829,602 | | | | | | 104,356 | | | | | | 682,761 | | | | | | 3,019,869 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 12,160,270 | | | | | | (1,187,902) | | | | | | 193,939 | | | | | | 11,166,307 | | | | | | 31,495 | | | | | | 17,571 | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 14,907,406 | | | | | | (2,686,012) | | | | | | (1,007,332) | | | | | | 11,214,062 | | | | | | 208,478 | | | | | | 107,608 | | | | | | 420,553 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 34,475,635 | | | | | | 26,424,492 | | | | | | (23,945,813) | | | | | | (5,639,199) | | | | | | 31,315,115 | | | | | | 606,663 | | | | | | 1,043,402 | | | | | | 2,668,277 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 10,435,378 | | | | | | 1,481,425 | | | | | | (11,430,872) | | | | | | (485,931) | | | | | | — | | | | | | 529,856 | | | | | | (326,892) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 10,225,929 | | | | | | 6,438 | | | | | | (9,414,256) | | | | | | (818,111) | | | | | | — | | | | | | — | | | | | | 412,338 | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 35,028,298 | | | | | | 23,115,529 | | | | | | (7,608,051) | | | | | | (7,825,462) | | | | | | 42,710,314 | | | | | | 737,496 | | | | | | 1,697,169 | | | | | | — | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 20,523,413 | | | | | | 41,531,040 | | | | | | (8,983,546) | | | | | | (10,977,484) | | | | | | 42,093,423 | | | | | | 110,080 | | | | | | 2,172,759 | | | | | | 7,486,367 | | |
| | | | $ | 645,994,535 | | | | | $ | 336,218,084 | | | | | $ | (330,260,419) | | | | | $ | (127,396,873) | | | | | $ | 524,555,327 | | | | | $ | 9,946,613 | | | | | $ | 22,746,699 | | | | | $ | 37,360,407 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 337,391 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 432,884 | | |
Total Asset Derivatives | | | | | | | $ | 770,275 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 684,045 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 120,896 | | |
Total Liability Derivatives | | | | | | | $ | 804,941 | | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (1,099,572) | | |
Interest rate contracts | | | | | (9,444) | | |
Total | | | | $ | (1,109,016) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (318,714) | | |
Interest rate contracts | | | | | 311,988 | | |
Total | | | | $ | (6,726) | | |
|
Voya Solution 2045 Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $634,380,783. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 1,066,534 | | |
| Gross Unrealized Depreciation | | | | | (74,672,804) | | |
| Net Unrealized Depreciation | | | | $ | (73,606,270) | | |
|
Voya Solution 2050 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 8.1% | | ||||||||||||||||||
| | | 2,434 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 203,531 | | | | | | 1.0 | | |
| | | 3,361 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 408,395 | | | | | | 2.0 | | |
| | | 6,469 | | | | iShares Russell 1000 Value ETF | | | | | 718,382 | | | | | | 3.5 | | |
| | | 2,914 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 152,723 | | | | | | 0.8 | | |
| | | 2,052 | | | | Vanguard Real Estate ETF | | | | | 153,018 | | | | | | 0.8 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $1,689,476) | | | | | 1,636,049 | | | | | | 8.1 | | |
| MUTUAL FUNDS: 91.9% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 90.4% | | ||||||||||||
| | | 18,935 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 201,852 | | | | | | 1.0 | | |
| | | 61,822 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 1,523,289 | | | | | | 7.5 | | |
| | | 61,428 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 599,535 | | | | | | 2.9 | | |
| | | 156,516 | | | | Voya International Index Portfolio - Class I | | | | | 1,411,776 | | | | | | 6.9 | | |
| | | 72,592 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 805,045 | | | | | | 4.0 | | |
| | | 40,267 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 1,524,098 | | | | | | 7.5 | | |
| | | 50,179 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 610,684 | | | | | | 3.0 | | | |
| | | 123,796 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 1,314,710 | | | | | | 6.5 | | |
| | | 205,775 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 2,022,770 | | | | | | 9.9 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 165,735 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | $ | 1,413,721 | | | | | | 7.0 | | |
| | | 71,761 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 608,534 | | | | | | 3.0 | | |
| | | 38,681 | | | | Voya Small Company Portfolio - Class I | | | | | 609,220 | | | | | | 3.0 | | |
| | | 39,202 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 404,169 | | | | | | 2.0 | | |
| | | 39,070 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 405,933 | | | | | | 2.0 | | |
| | | 133,190 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 1,851,341 | | | | | | 9.1 | | |
| | | 88,256 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 1,546,237 | | | | | | 7.6 | | |
| | | 19,525 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 1,523,729 | | | | | | 7.5 | | |
| | | | | | | | | | | | 18,376,643 | | | | | | 90.4 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 68,761 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 301,862 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $21,865,502) | | | | | 18,678,505 | | | | | | 91.9 | | |
| | | | | | | Total Investments in Securities (Cost $23,554,978) | | | | $ | 20,314,554 | | | | | | 100.0 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 5,243 | | | | | | 0.0 | | |
| | | | | | | Net Assets | | | | $ | 20,319,797 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 1,636,049 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,636,049 | | |
Mutual Funds | | | | | 18,678,505 | | | | | | — | | | | | | — | | | | | | 18,678,505 | | |
Total Investments, at fair value | | | | $ | 20,314,554 | | | | | $ | — | | | | | $ | — | | | | | $ | 20,314,554 | | |
|
Voya Solution 2050 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 522,773 | | | | | $ | 454,913 | | | | | $ | (718,405) | | | | | $ | (57,429) | | | | | $ | 201,852 | | | | | $ | 15,169 | | | | | $ | (9,283) | | | | | $ | — | | |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 526,443 | | | | | | 1,751,389 | | | | | | (466,647) | | | | | | (287,896) | | | | | | 1,523,289 | | | | | | 24,266 | | | | | | 39,053 | | | | | | 127,885 | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 688,393 | | | | | | 584,243 | | | | | | (666,458) | | | | | | (6,643) | | | | | | 599,535 | | | | | | 26,018 | | | | | | (24,169) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 795,233 | | | | | | 1,680,292 | | | | | | (765,068) | | | | | | (298,681) | | | | | | 1,411,776 | | | | | | 46,223 | | | | | | 1,340 | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 1,752,542 | | | | | | 1,045,084 | | | | | | (2,659,625) | | | | | | (138,001) | | | | | | — | | | | | | 9,943 | | | | | | 145,941 | | | | | | 206,836 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 719,055 | | | | | | 956,053 | | | | | | (741,821) | | | | | | (128,242) | | | | | | 805,045 | | | | | | 15,717 | | | | | | (24,955) | | | | | | 65,923 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,970,527 | | | | | | (110,627) | | | | | | (335,802) | | | | | | 1,524,098 | | | | | | 7,182 | | | | | | (11,570) | | | | | | 92,500 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 960,355 | | | | | | 593,985 | | | | | | (741,927) | | | | | | (201,729) | | | | | | 610,684 | | | | | | — | | | | | | 71,124 | | | | | | 70,714 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 962,309 | | | | | | 1,480,806 | | | | | | (733,324) | | | | | | (395,081) | | | | | | 1,314,710 | | | | | | 13,903 | | | | | | 50,316 | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 1,732,844 | | | | | | 1,375,497 | | | | | | (522,388) | | | | | | (563,183) | | | | | | 2,022,770 | | | | | | 29,155 | | | | | | 81,765 | | | | | | 82,517 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 956,636 | | | | | | 1,199,205 | | | | | | (374,856) | | | | | | (367,264) | | | | | | 1,413,721 | | | | | | 39,676 | | | | | | 44,363 | | | | | | 60,008 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 1,769,516 | | | | | | 598,184 | | | | | | (2,237,302) | | | | | | (130,398) | | | | | | — | | | | | | — | | | | | | 64,482 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 948,448 | | | | | | 679,755 | | | | | | (785,202) | | | | | | (234,467) | | | | | | 608,534 | | | | | | 8,443 | | | | | | (4,619) | | | | | | 104,729 | | |
Voya Small Company Portfolio - Class I | | | | | 857,232 | | | | | | 626,685 | | | | | | (666,465) | | | | | | (208,232) | | | | | | 609,220 | | | | | | 3,297 | | | | | | (4,730) | | | | | | 95,403 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 442,296 | | | | | | (45,001) | | | | | | 6,874 | | | | | | 404,169 | | | | | | 1,124 | | | | | | 682 | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 573,545 | | | | | | (127,176) | | | | | | (40,436) | | | | | | 405,933 | | | | | | 7,279 | | | | | | 4,513 | | | | | | 15,015 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 702,479 | | | | | | 2,581,532 | | | | | | (1,144,958) | | | | | | (287,712) | | | | | | 1,851,341 | | | | | | 34,204 | | | | | | 783 | | | | | | 103,794 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 262,548 | | | | | | 159,605 | | | | | | (412,537) | | | | | | (9,616) | | | | | | — | | | | | | 17,135 | | | | | | (14,191) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 257,431 | | | | | | 6,071 | | | | | | (259,251) | | | | | | (4,251) | | | | | | — | | | | | | — | | | | | | (6,101) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 880,949 | | | | | | 1,354,349 | | | | | | (375,974) | | | | | | (313,087) | | | | | | 1,546,237 | | | | | | 26,899 | | | | | | 83,230 | | | | | | — | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 516,444 | | | | | | 1,825,991 | | | | | | (473,565) | | | | | | (345,141) | | | | | | 1,523,729 | | | | | | 3,428 | | | | | | 38,463 | | | | | | 233,211 | | |
| | | | $ | 15,811,630 | | | | | $ | 21,940,007 | | | | | $ | (15,028,577) | | | | | $ | (4,346,417) | | | | | $ | 18,376,643 | | | | | $ | 329,061 | | | | | $ | 526,437 | | | | | $ | 1,258,535 | | |
|
| Cost for federal income tax purposes was $23,773,683. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 23,255 | | |
| Gross Unrealized Depreciation | | | | | (3,482,384) | | |
| Net Unrealized Depreciation | | | | $ | (3,459,129) | | |
|
Voya Solution 2055 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 5.0% | | ||||||||||||||||||
| | | 53,228 | | | | iShares Russell 1000 Value ETF | | | | $ | 5,910,969 | | | | | | 3.5 | | |
| | | 23,980 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 1,256,792 | | | | | | 0.7 | | |
| | | 16,883 | | | | Vanguard Real Estate ETF | | | | | 1,258,965 | | | | | | 0.8 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $8,683,999) | | | | | 8,426,726 | | | | | | 5.0 | | |
| MUTUAL FUNDS: 94.5% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 93.0% | | ||||||||||||
| | | 471,349 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 5,024,582 | | | | | | 3.0 | | |
| | | 512,966 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 12,639,490 | | | | | | 7.4 | | |
| | | 687,148 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 6,706,562 | | | | | | 3.9 | | |
| | | 1,485,676 | | | | Voya International Index Portfolio - Class I | | | | | 13,400,794 | | | | | | 7.9 | | |
| | | 606,753 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 6,728,894 | | | | | | 4.0 | | |
| | | 334,113 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 12,646,171 | | | | | | 7.5 | | |
| | | 485,764 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 5,911,749 | | | | | | 3.5 | | | |
| | | 1,185,162 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 12,586,417 | | | | | | 7.4 | | |
| | | 1,707,479 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 16,784,520 | | | | | | 9.9 | | |
| | | 1,375,254 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | | 11,730,913 | | | | | | 6.9 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 694,728 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | $ | 5,891,291 | | | | | | 3.5 | | |
| | | 320,951 | | | | Voya Small Company Portfolio - Class I | | | | | 5,054,979 | | | | | | 3.0 | | |
| | | 325,297 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 3,353,811 | | | | | | 2.0 | | |
| | | 324,182 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 3,368,256 | | | | | | 2.0 | | |
| | | 737,904 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 10,256,862 | | | | | | 6.0 | | |
| | | 732,216 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 12,828,423 | | | | | | 7.6 | | |
| | | 162,009 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 12,643,172 | | | | | | 7.5 | | |
| | | | | | | | | | | | 157,556,886 | | | | | | 93.0 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 565,746 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 2,483,625 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $181,298,917) | | | | | 160,040,511 | | | | | | 94.5 | | |
| | | | | | | Total Investments in Securities (Cost $189,982,916) | | | | $ | 168,467,237 | | | | | | 99.5 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 929,501 | | | | | | 0.5 | | |
| | | | | | | Net Assets | | | | $ | 169,396,738 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 8,426,726 | | | | | $ | — | | | | | $ | — | | | | | $ | 8,426,726 | | |
Mutual Funds | | | | | 160,040,511 | | | | | | — | | | | | | — | | | | | | 160,040,511 | | |
Total Investments, at fair value | | | | $ | 168,467,237 | | | | | $ | — | | | | | $ | — | | | | | $ | 168,467,237 | | |
|
Voya Solution 2055 Portfolio | as of December 31, 2018 (continued) |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 232,209 | | | | | | — | | | | | | — | | | | | | 232,209 | | |
Total Assets | | | | $ | 168,699,446 | | | | | $ | — | | | | | $ | — | | | | | $ | 168,699,446 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (236,189) | | | | | $ | — | | | | | $ | — | | | | | $ | (236,189) | | |
Total Liabilities | | | | $ | (236,189) | | | | | $ | — | | | | | $ | — | | | | | $ | (236,189) | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||
Long Contracts | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | 40 | | | 03/15/19 | | | | $ | 5,010,400 | | | | | $ | (195,226) | | |
U.S. Treasury 2-Year Note | | | 8 | | | 03/29/19 | | | | | 1,698,500 | | | | | | 6,978 | | |
U.S. Treasury Ultra Long Bond | | | 21 | | | 03/20/19 | | | | | 3,373,781 | | | | | | 123,563 | | |
| | | | | | | | | | $ | 10,082,681 | | | | | $ | (64,685) | | |
Short Contracts | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | (104) | | | 03/15/19 | | | | | (5,027,360) | | | | | | (4,169) | | |
MSCI EAFE Mini Index | | | (20) | | | 03/15/19 | | | | | (1,716,000) | | | | | | 28,791 | | |
S&P Mid 400 E-Mini | | | (10) | | | 03/15/19 | | | | | (1,662,200) | | | | | | 72,877 | | |
U.S. Treasury 10-Year Note | | | (14) | | | 03/20/19 | | | | | (1,708,219) | | | | | | (36,794) | | |
| | | | | | | | | | $ | (10,113,779) | | | | | $ | 60,705 | | |
|
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | |||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 5,475,181 | | | | | $ | 2,008,867 | | | | | $ | (1,254,146) | | | | | $ | (1,205,320) | | | | | $ | 5,024,582 | | | | | $ | 134,514 | | | | | $ | 211,821 | | | | | $ | — |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 5,514,741 | | | | | | 12,225,774 | | | | | | (2,487,984) | | | | | | (2,613,041) | | | | | | 12,639,490 | | | | | | 215,180 | | | | | | 542,119 | | | | | | 1,134,064 |
Voya Intermediate Bond Fund - Class R6 | | | | | 7,207,720 | | | | | | 2,400,131 | | | | | | (2,736,418) | | | | | | (164,871) | | | | | | 6,706,562 | | | | | | 243,595 | | | | | | (106,719) | | | | | | — |
Voya International Index Portfolio - Class I | | | | | 11,793,184 | | | | | | 6,697,705 | | | | | | (2,175,457) | | | | | | (2,914,638) | | | | | | 13,400,794 | | | | | | 409,889 | | | | | | 359,709 | | | | | | — |
Voya Large Cap Growth Portfolio - Class I | | | | | 18,358,198 | | | | | | 4,366,862 | | | | | | (21,067,834) | | | | | | (1,657,226) | | | | | | — | | | | | | 87,126 | | | | | | 1,847,385 | | | | | | 1,812,481 |
Voya Large Cap Value Fund - Class R6 | | | | | 7,307,918 | | | | | | 3,595,373 | | | | | | (2,578,952) | | | | | | (1,595,445) | | | | | | 6,728,894 | | | | | | 133,482 | | | | | | 352,602 | | | | | | 550,902 |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 15,928,843 | | | | | | (421,739) | | | | | | (2,860,933) | | | | | | 12,646,171 | | | | | | 59,852 | | | | | | (37,705) | | | | | | 770,880 |
Voya MidCap Opportunities Portfolio - Class I | | | | | 10,057,476 | | | | | | 2,436,635 | | | | | | (4,899,492) | | | | | | (1,682,870) | | | | | | 5,911,749 | | | | | | — | | | | | | 614,223 | | | | | | 626,892 |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 10,020,297 | | | | | | 8,880,647 | | | | | | (2,551,950) | | | | | | (3,762,577) | | | | | | 12,586,417 | | | | | | 133,748 | | | | | | 756,975 | | | | | | — |
Voya Multi-Manager International Equity Fund - Class I | | | | | 18,212,399 | | | | | | 5,803,161 | | | | | | (3,023,456) | | | | | | (4,207,584) | | | | | | 16,784,520 | | | | | | 242,975 | | | | | | 215,378 | | | | | | 687,698 |
Voya Multi-Manager International Factors Fund - Class I | | | | | 10,016,175 | | | | | | 6,635,600 | | | | | | (2,128,256) | | | | | | (2,792,606) | | | | | | 11,730,913 | | | | | | 330,666 | | | | | | 98,745 | | | | | | 500,126 |
Voya Solution 2055 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 18,457,614 | | | | | | 1,756,064 | | | | | | (18,431,842) | | | | | | (1,781,836) | | | | | | — | | | | | | — | | | | | | 1,254,806 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 9,930,042 | | | | | | 3,155,789 | | | | | | (4,978,061) | | | | | | (2,216,479) | | | | | | 5,891,291 | | | | | | 70,353 | | | | | | 210,098 | | | | | | 872,644 | | |
Voya Small Company Portfolio - Class I | | | | | 8,973,535 | | | | | | 3,048,075 | | | | | | (5,005,916) | | | | | | (1,960,715) | | | | | | 5,054,979 | | | | | | 29,236 | | | | | | 160,853 | | | | | | 845,991 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 3,611,904 | | | | | | (316,010) | | | | | | 57,917 | | | | | | 3,353,811 | | | | | | 9,364 | | | | | | 5,064 | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 4,448,314 | | | | | | (770,099) | | | | | | (309,959) | | | | | | 3,368,256 | | | | | | 61,169 | | | | | | 31,459 | | | | | | 125,136 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 9,126,805 | | | | | | 10,269,486 | | | | | | (6,911,084) | | | | | | (2,228,345) | | | | | | 10,256,862 | | | | | | 197,583 | | | | | | 738,166 | | | | | | 806,845 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 2,749,338 | | | | | | 678,986 | | | | | | (3,306,439) | | | | | | (121,885) | | | | | | — | | | | | | 150,132 | | | | | | (101,519) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 2,694,436 | | | | | | 4,931 | | | | | | (2,583,505) | | | | | | (115,862) | | | | | | — | | | | | | — | | | | | | 9,067 | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 9,228,238 | | | | | | 8,012,013 | | | | | | (2,111,096) | | | | | | (2,300,732) | | | | | | 12,828,423 | | | | | | 221,470 | | | | | | 454,156 | | | | | | — | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 5,407,241 | | | | | | 12,941,145 | | | | | | (2,498,385) | | | | | | (3,206,829) | | | | | | 12,643,172 | | | | | | 31,443 | | | | | | 594,718 | | | | | | 2,138,351 | | |
| | | | $ | 170,530,538 | | | | | $ | 118,906,305 | | | | | $ | (92,238,121) | | | | | $ | (39,641,836) | | | | | $ | 157,556,886 | | | | | $ | 2,761,777 | | | | | $ | 8,211,401 | | | | | $ | 10,872,010 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 101,668 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 130,541 | | |
Total Asset Derivatives | | | | | | | $ | 232,209 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 199,395 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 36,794 | | |
Total Liability Derivatives | | | | | | | $ | 236,189 | | |
|
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (291,032) | | |
Interest rate contracts | | | | | (2,292) | | |
Total | | | | $ | (293,324) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (89,397) | | |
Interest rate contracts | | | | | 93,747 | | |
Total | | | | $ | 4,350 | | |
|
Voya Solution 2055 Portfolio | as of December 31, 2018 (continued) |
| Cost for federal income tax purposes was $193,303,679. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 290,126 | | |
| Gross Unrealized Depreciation | | | | | (25,130,548) | | |
| Net Unrealized Depreciation | | | | $ | (24,840,422) | | |
|
Voya Solution 2060 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 8.0% | | ||||||||||||||||||
| | | 1,293 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 108,120 | | | | | | 1.0 | | |
| | | 1,786 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 217,017 | | | | | | 2.0 | | |
| | | 3,437 | | | | iShares Russell 1000 Value ETF | | | | | 381,679 | | | | | | 3.5 | | |
| | | 1,548 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 81,131 | | | | | | 0.7 | | |
| | | 1,090 | | | | Vanguard Real Estate ETF | | | | | 81,281 | | | | | | 0.8 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $896,399) | | | | | 869,228 | | | | | | 8.0 | | |
| MUTUAL FUNDS: 91.9% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 90.4% | | ||||||||||||
| | | 10,169 | | | | Voya Emerging Markets Index Portfolio - Class I | | | | | 108,397 | | | | | | 1.0 | | |
| | | 33,010 | | | | Voya Index Plus LargeCap Portfolio - Class I | | | | | 813,355 | | | | | | 7.5 | | |
| | | 32,969 | | | | Voya Intermediate Bond Fund - Class R6 | | | | | 321,781 | | | | | | 3.0 | | |
| | | 83,620 | | | | Voya International Index Portfolio - Class I | | | | | 754,253 | | | | | | 6.9 | | |
| | | 38,949 | | | | Voya Large Cap Value Fund - Class R6 | | | | | 431,940 | | | | | | 4.0 | | |
| | | 21,500 | | | | Voya Large-Cap Growth Fund - Class R6 | | | | | 813,785 | | | | | | 7.5 | | |
| | | 26,793 | (1) | | Voya MidCap Opportunities Portfolio - Class I | | | | | 326,068 | | | | | | 3.0 | | | |
| | | 66,044 | | | | Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 701,384 | | | | | | 6.5 | | |
| | | 109,874 | | | | Voya Multi-Manager International Equity Fund - Class I | | | | | 1,080,065 | | | | | | 9.9 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 88,495 | | | | Voya Multi-Manager International Factors Fund - Class I | | | | $ | 754,866 | | | | | | 6.9 | | |
| | | 38,317 | | | | Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 324,927 | | | | | | 3.0 | | |
| | | 20,653 | | | | Voya Small Company Portfolio - Class I | | | | | 325,292 | | | | | | 3.0 | | |
| | | 20,931 | | | | Voya U.S. Bond Index Portfolio - Class I | | | | | 215,804 | | | | | | 2.0 | | |
| | | 20,861 | | | | Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | 216,747 | | | | | | 2.0 | | |
| | | 71,221 | | | | Voya U.S. Stock Index Portfolio - Class I | | | | | 989,978 | | | | | | 9.1 | | |
| | | 47,121 | | | | VY® Invesco Comstock Portfolio - Class I | | | | | 825,563 | | | | | | 7.6 | | |
| | | 10,425 | | | | VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 813,583 | | | | | | 7.5 | | |
| | | | | | | | | | | | 9,817,788 | | | | | | 90.4 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 36,550 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 160,455 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $11,633,224) | | | | | 9,978,243 | | | | | | 91.9 | | |
| | | | | | | Total Investments in Securities (Cost $12,529,623) | | | | $ | 10,847,471 | | | | | | 99.9 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 6,710 | | | | | | 0.1 | | |
| | | | | | | Net Assets | | | | $ | 10,854,181 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 869,228 | | | | | $ | — | | | | | $ | — | | | | | $ | 869,228 | | |
Mutual Funds | | | | | 9,978,243 | | | | | | — | | | | | | — | | | | | | 9,978,243 | | |
Total Investments, at fair value | | | | $ | 10,847,471 | | | | | $ | — | | | | | $ | — | | | | | $ | 10,847,471 | | |
|
Voya Solution 2060 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/17 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/18 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio - Class I | | | | $ | 250,250 | | | | | $ | 255,785 | | | | | $ | (372,534) | | | | | $ | (25,104) | | | | | $ | 108,397 | | | | | $ | 7,367 | | | | | $ | (7,550) | | | | | $ | — | | |
Voya Index Plus LargeCap Portfolio - Class I | | | | | 252,872 | | | | | | 926,040 | | | | | | (226,730) | | | | | | (138,827) | | | | | | 813,355 | | | | | | 11,784 | | | | | | 13,856 | | | | | | 62,099 | | |
Voya Intermediate Bond Fund - Class R6 | | | | | 330,694 | | | | | | 328,278 | | | | | | (333,722) | | | | | | (3,469) | | | | | | 321,781 | | | | | | 13,041 | | | | | | (11,419) | | | | | | — | | |
Voya International Index Portfolio - Class I | | | | | 385,797 | | | | | | 894,945 | | | | | | (382,419) | | | | | | (144,070) | | | | | | 754,253 | | | | | | 22,445 | | | | | | (6,630) | | | | | | — | | |
Voya Large Cap Growth Portfolio - Class I | | | | | 841,927 | | | | | | 555,490 | | | | | | (1,339,910) | | | | | | (57,507) | | | | | | — | | | | | | 5,049 | | | | | | 62,043 | | | | | | 105,040 | | |
Voya Large Cap Value Fund - Class R6 | | | | | 350,302 | | | | | | 542,262 | | | | | | (397,639) | | | | | | (62,985) | | | | | | 431,940 | | | | | | 8,018 | | | | | | (17,412) | | | | | | 36,215 | | |
Voya Large-Cap Growth Fund - Class R6 | | | | | — | | | | | | 1,047,777 | | | | | | (59,550) | | | | | | (174,442) | | | | | | 813,785 | | | | | | 3,799 | | | | | | (6,214) | | | | | | 48,932 | | |
Voya MidCap Opportunities Portfolio - Class I | | | | | 461,369 | | | | | | 331,258 | | | | | | (369,057) | | | | | | (97,502) | | | | | | 326,068 | | | | | | — | | | | | | 30,429 | | | | | | 35,818 | | |
Voya Multi-Manager Emerging Markets Equity Fund - Class I | | | | | 463,578 | | | | | | 786,025 | | | | | | (363,616) | | | | | | (184,603) | | | | | | 701,384 | | | | | | 7,389 | | | | | | 9,306 | | | | | | — | | |
Voya Multi-Manager International Equity Fund - Class I | | | | | 832,548 | | | | | | 781,386 | | | | | | (249,758) | | | | | | (284,111) | | | | | | 1,080,065 | | | | | | 15,429 | | | | | | 36,048 | | | | | | 43,668 | | |
Voya Multi-Manager International Factors Fund - Class I | | | | | 459,616 | | | | | | 660,487 | | | | | | (181,058) | | | | | | (184,179) | | | | | | 754,866 | | | | | | 20,998 | | | | | | 17,323 | | | | | | 31,759 | | |
Voya Multi-Manager Large Cap Core Portfolio - Class I | | | | | 851,812 | | | | | | 312,708 | | | | | | (1,113,810) | | | | | | (50,710) | | | | | | — | | | | | | — | | | | | | 21,605 | | | | | | — | | |
Voya Multi-Manager Mid Cap Value Fund - Class I | | | | | 455,611 | | | | | | 376,088 | | | | | | (396,431) | | | | | | (110,341) | | | | | | 324,927 | | | | | | 4,467 | | | | | | (13,989) | | | | | | 55,404 | | |
Voya Small Company Portfolio - Class I | | | | | 411,844 | | | | | | 341,437 | | | | | | (327,728) | | | | | | (100,261) | | | | | | 325,292 | | | | | | 1,601 | | | | | | (6,773) | | | | | | 46,317 | | |
Voya U.S. Bond Index Portfolio - Class I | | | | | — | | | | | | 235,958 | | | | | | (23,765) | | | | | | 3,611 | | | | | | 215,804 | | | | | | 591 | | | | | | 356 | | | | | | — | | |
Voya U.S. High Dividend Low Volatility Fund - Class I | | | | | — | | | | | | 298,616 | | | | | | (60,453) | | | | | | (21,416) | | | | | | 216,747 | | | | | | 3,790 | | | | | | 2,096 | | | | | | 7,943 | | |
Voya U.S. Stock Index Portfolio - Class I | | | | | 338,728 | | | | | | 1,359,671 | | | | | | (558,733) | | | | | | (149,688) | | | | | | 989,978 | | | | | | 18,269 | | | | | | 922 | | | | | | 52,730 | | |
VY® Clarion Global Real Estate Portfolio - Class I | | | | | 126,120 | | | | | | 86,419 | | | | | | (207,324) | | | | | | (5,215) | | | | | | — | | | | | | 8,702 | | | | | | (6,670) | | | | | | — | | |
VY® Clarion Real Estate Portfolio - Class I | | | | | 123,669 | | | | | | 6,703 | | | | | | (127,882) | | | | | | (2,490) | | | | | | — | | | | | | — | | | | | | (2,617) | | | | | | — | | |
VY® Invesco Comstock Portfolio - Class I | | | | | 423,059 | | | | | | 738,484 | | | | | | (185,946) | | | | | | (150,034) | | | | | | 825,563 | | | | | | 14,309 | | | | | | 30,710 | | | | | | — | | |
VY® T. Rowe Price Growth Equity Portfolio - Class I | | | | | 248,149 | | | | | | 972,624 | | | | | | (229,767) | | | | | | (177,423) | | | | | | 813,583 | | | | | | 1,809 | | | | | | 13,445 | | | | | | 123,107 | | |
| | | | $ | 7,607,945 | | | | | $ | 11,838,441 | | | | | $ | (7,507,832) | | | | | $ | (2,120,766) | | | | | $ | 9,817,788 | | | | | $ | 168,857 | | | | | $ | 158,865 | | | | | $ | 649,032 | | |
|
| Cost for federal income tax purposes was $12,671,831. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 12,328 | | |
| Gross Unrealized Depreciation | | | | | (1,836,687) | | |
| Net Unrealized Depreciation | | | | $ | (1,824,359) | | |
|
Portfolio Name | | | Type | | | Per Share Amount | | | | |||||||
Voya Solution Aggressive Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1127 | | | | | ||||
Class I | | | NII | | | | $ | 0.1697 | | | | | ||||
Class R6 | | | NII | | | | $ | 0.1700 | | | | | ||||
Class S | | | NII | | | | $ | 0.1373 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1344 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0571 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.4882 | | | | | ||||
Voya Solution Balanced Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1593 | | | | | ||||
Class I | | | NII | | | | $ | 0.2195 | | | | | ||||
Class R6 | | | NII | | | | $ | 0.2195 | | | | | ||||
Class S | | | NII | | | | $ | 0.1909 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1404 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0584 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.3116 | | | | | ||||
Voya Solution Conservative Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2152 | | | | | ||||
Class I | | | NII | | | | $ | 0.2731 | | | | | ||||
Class R6 | | | NII | | | | $ | 0.2730 | | | | | ||||
Class S | | | NII | | | | $ | 0.2315 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.2114 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.1007 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.0899 | | | | | ||||
Voya Solution Income Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2554 | | | | | ||||
Class I | | | NII | | | | $ | 0.3235 | | | | | ||||
Class S | | | NII | | | | $ | 0.2858 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.2459 | | | | | ||||
Class T | | | NII | | | | $ | 0.2381 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.1359 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.1608 | | | | | ||||
Voya Solution Moderately Aggressive Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2029 | | | | | ||||
Class I | | | NII | | | | $ | 0.2742 | | | | | ||||
Class R6 | | | NII | | | | $ | 0.2743 | | | | | ||||
Class S | | | NII | | | | $ | 0.2375 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1805 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0774 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.5453 | | | | | ||||
Voya Solution Moderately Conservative Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1951 | | | | | ||||
Class I | | | NII | | | | $ | 0.2470 | | | | | ||||
Class R6 | | | NII | | | | $ | 0.2471 | | | | | ||||
Class S | | | NII | | | | $ | 0.2143 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.2076 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0647 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.1701 | | | | | ||||
Voya Solution 2020 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2042 | | | | | ||||
Class I | | | NII | | | | $ | 0.2578 | | | | | ||||
Class S | | | NII | | | | $ | 0.2357 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.2276 | | | | | ||||
Class T | | | NII | | | | $ | 0.1865 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.1802 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.4435 | | | | | ||||
Voya Solution 2025 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2087 | | | | | ||||
Class I | | | NII | | | | $ | 0.2720 | | | | | ||||
Class S | | | NII | | | | $ | 0.2385 | | | | |
Portfolio Name | | | Type | | | Per Share Amount | | | | |||||||
Voya Solution 2025 Portfolio (continued) | | | | |||||||||||||
Class S2 | | | NII | | | | $ | 0.1981 | | | | | ||||
Class T | | | NII | | | | $ | 0.1858 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0669 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.3052 | | | | | ||||
Voya Solution 2030 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2280 | | | | | ||||
Class I | | | NII | | | | $ | 0.2921 | | | | | ||||
Class S | | | NII | | | | $ | 0.2663 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.2412 | | | | | ||||
Class T | | | NII | | | | $ | 0.2224 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.2710 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.5712 | | | | | ||||
Voya Solution 2035 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1874 | | | | | ||||
Class I | | | NII | | | | $ | 0.2522 | | | | | ||||
Class S | | | NII | | | | $ | 0.2189 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1960 | | | | | ||||
Class T | | | NII | | | | $ | 0.1626 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0394 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.4641 | | | | | ||||
Voya Solution 2040 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.2175 | | | | | ||||
Class I | | | NII | | | | $ | 0.2817 | | | | | ||||
Class S | | | NII | | | | $ | 0.2495 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.2519 | | | | | ||||
Class T | | | NII | | | | $ | 0.2016 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.3254 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.8489 | | | | | ||||
Voya Solution 2045 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1503 | | | | | ||||
Class I | | | NII | | | | $ | 0.2167 | | | | | ||||
Class S | | | NII | | | | $ | 0.1826 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1478 | | | | | ||||
Class T | | | NII | | | | $ | 0.1358 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0672 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.5477 | | | | | ||||
Voya Solution 2050 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1637 | | | | | ||||
Class I | | | NII | | | | $ | 0.2154 | | | | | ||||
Class S | | | NII | | | | $ | 0.1885 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1765 | | | | | ||||
Class T | | | NII | | | | $ | 0.1307 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.2103 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.6210 | | | | | ||||
Voya Solution 2055 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1462 | | | | | ||||
Class I | | | NII | | | | $ | 0.2167 | | | | | ||||
Class S | | | NII | | | | $ | 0.1803 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1583 | | | | | ||||
Class T | | | NII | | | | $ | 0.0978 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.0465 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.4732 | | | | | ||||
Voya Solution 2060 Portfolio | | | | | | | | |||||||||
Class ADV | | | NII | | | | $ | 0.1070 | | | | | ||||
Class I | | | NII | | | | $ | 0.1348 | | | | | ||||
Class S | | | NII | | | | $ | 0.1167 | | | | | ||||
Class S2 | | | NII | | | | $ | 0.1140 | | | | | ||||
Class T | | | NII | | | | $ | 0.0589 | | | | | ||||
All Classes | | | STCG | | | | $ | 0.2164 | | | | | ||||
All Classes | | | LTCG | | | | $ | 0.3665 | | | | |
| Voya Solution Aggressive Portfolio | | | | | 32.05% | | |
| Voya Solution Balanced Portfolio | | | | | 21.40% | | |
| Voya Solution Conservative Portfolio | | | | | 7.24% | | |
| Voya Solution Income Portfolio | | | | | 9.39% | | |
| Voya Solution Moderately Aggressive Portfolio | | | | | 28.04% | | |
| Voya Solution Moderately Conservative Portfolio | | | | | 13.74% | | |
| Voya Solution 2020 Portfolio | | | | | 10.86% | | |
| Voya Solution 2025 Portfolio | | | | | 19.64% | | |
| Voya Solution 2030 Portfolio | | | | | 14.50% | | |
| Voya Solution 2035 Portfolio | | | | | 29.79% | | |
| Voya Solution 2040 Portfolio | | | | | 15.62% | | |
| Voya Solution 2045 Portfolio | | | | | 32.06% | | |
| Voya Solution 2050 Portfolio | | | | | 19.07% | | |
| Voya Solution 2055 Portfolio | | | | | 34.75% | | |
| Voya Solution 2060 Portfolio | | | | | 14.40% | | |
| Voya Solution Aggressive Portfolio | | | | $ | 563,817 | | |
| Voya Solution Balanced Portfolio | | | | $ | 1,695,402 | | |
| Voya Solution Conservative Portfolio | | | | $ | 128,952 | | |
| Voya Solution Income Portfolio | | | | $ | 5,255,698 | | |
| Voya Solution Moderately Aggressive Portfolio | | | | $ | 26,503,700 | | |
| Voya Solution Moderately Conservative Portfolio | | | | $ | 514,108 | | |
| Voya Solution 2020 Portfolio | | | | $ | 1,130,733 | | |
| Voya Solution 2025 Portfolio | | | | $ | 21,963,873 | | |
| Voya Solution 2030 Portfolio | | | | $ | 1,106,355 | | |
| Voya Solution 2035 Portfolio | | | | $ | 32,580,024 | | |
| Voya Solution 2040 Portfolio | | | | $ | 1,235,549 | | |
| Voya Solution 2045 Portfolio | | | | $ | 28,339,224 | | |
| Voya Solution 2050 Portfolio | | | | $ | 718,247 | | |
| Voya Solution 2055 Portfolio | | | | $ | 6,009,418 | | |
| Voya Solution 2060 Portfolio | | | | $ | 316,051 | | |
| | | Creditable Foreign Taxes Paid | | | Per Share Amount | | | Portion of Ordinary Income Distribution Derived from Foreign Sourced Income* | | |||||||||
Voya Solution Aggressive Portfolio | | | | $ | 6,966 | | | | | $ | 0.0056 | | | | | | 26.74% | | |
Voya Solution Balanced Portfolio | | | | $ | 14,263 | | | | | $ | 0.0026 | | | | | | 13.76% | | |
Voya Solution Conservative Portfolio | | | | $ | 1,362 | | | | | $ | 0.0008 | | | | | | 4.82% | | |
Voya Solution Income Portfolio | | | | $ | 67,934 | | | | | $ | 0.0021 | | | | | | 7.80% | | |
Voya Solution Moderately Aggressive Portfolio | | | | $ | 270,778 | | | | | $ | 0.0055 | | | | | | 20.26% | | |
Voya Solution Moderately Conservative Portfolio | | | | $ | 6,331 | | | | | $ | 0.0021 | | | | | | 9.92% | | |
Voya Solution 2020 Portfolio | | | | $ | 8,022 | | | | | $ | 0.0028 | | | | | | 11.39% | | |
Voya Solution 2025 Portfolio | | | | $ | 265,802 | | | | | $ | 0.0037 | | | | | | 15.16% | | |
Voya Solution 2030 Portfolio | | | | $ | 13,468 | | | | | $ | 0.0061 | | | | | | 21.25% | | |
Voya Solution 2035 Portfolio | | | | $ | 411,800 | | | | | $ | 0.0057 | | | | | | 24.29% | | |
Voya Solution 2040 Portfolio | | | | $ | 11,779 | | | | | $ | 0.0070 | | | | | | 26.76% | | |
Voya Solution 2045 Portfolio | | | | $ | 338,267 | | | | | $ | 0.0064 | | | | | | 29.47% | | |
Voya Solution 2050 Portfolio | | | | $ | 11,191 | | | | | $ | 0.0081 | | | | | | 31.21% | | |
Voya Solution 2055 Portfolio | | | | $ | 105,875 | | | | | $ | 0.0078 | | | | | | 31.51% | | |
Voya Solution 2060 Portfolio | | | | $ | 5,913 | | | | | $ | 0.0057 | | | | | | 29.06% | | |
Name, Address and Age | | | Position(s) Held with the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | | | Number of funds in Fund Complex Overseen by Director(2) | | | Other Board Positions Held by Director | |
Independent Directors*: | | |||||||||||||||
Colleen D. Baldwin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 58 | | | Director | | | November 2007 – Present | | | President, Glantuam Partners, LLC, a business consulting firm (January 2009 – Present). | | | 150 | | | Dentaquest, Boston, MA (February 2014 – Present); RSR Partners, Inc. (2016 – Present). | |
John V. Boyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 65 | | | Chairperson Director | | | January 2014 – Present November 1997 – Present | | | President and Chief Executive Officer, Bechtler Arts Foundation, an arts and education foundation (January 2008 – Present). | | | 150 | | | None. | |
Patricia W. Chadwick 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 70 | | | Director | | | January 2006 – Present | | | Consultant and President, Ravengate Partners LLC, a consulting firm that provides advice regarding financial markets and the global economy (January 2000 – Present). | | | 150 | | | Wisconsin Energy Corporation (June 2006 – Present); The Royce Fund (22 funds) (December 2009 – Present); and AMICA Mutual Insurance Company (1992 – Present). | |
Martin J. Gavin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, AZ 85258 Age: 68 | | | Director | | | August 2015 – Present | | | Retired. Formerly, President and Chief Executive Officer, Connecticut Children’s Medical Center (May 2006 – November 2015). | | | 150 | | | None. | |
Russell H. Jones 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 74 | | | Director | | | May 2013 – Present | | | Retired. | | | 150 | | | None. | |
Joseph E. Obermeyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | | | Director | | | May 2013 – Present | | | President, Obermeyer & Associates, Inc., a provider of financial and economic consulting services (November 1999 – Present). | | | 150 | | | None. | |
Sheryl K. Pressler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 68 | | | Director | | | January 2006 – Present | | | Consultant (May 2001 – Present). | | | 150 | | | None. | |
Christopher P. Sullivan 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 65 | | | Director | | | October 2015 – Present | | | Retired. | | | 150 | | | None. | |
Name, Address and Age | | | Position(s) Held with the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | | | Number of funds in Fund Complex Overseen by Director(2) | | | Other Board Positions Held by Director | |
Roger B. Vincent 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 73 | | | Director | | | January 2005 – Present | | | Retired. | | | 150 | | | None. | |
Director who is an “interested person”: | | | | | | |||||||||||
Dina Santoro(3) 230 Park Avenue New York, New York 10169 Age: 45 | | | Director | | | July 2018 – Present | | | President, Voya Investments, LLC and Voya Capital, LLC (March 2018 – Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017 – Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004 – August 2017). | | | 150 | | | Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Voya Investments Distributor, LLC (April 2018 – Present). | |
Name, Address and Age | | | Position(s) Held With the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
Michael Bell One Orange Way Windsor, Connecticut 06095 Age: 50 | | | Chief Executive Officer | | | March 2018 – Present | | | Chief Executive Officer and Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Senior Vice President and Treasurer, Voya Investments Distributor, LLC (November 2015 – Present); Chief Financial Officer, Voya Investment Management (September 2014 – Present). Formerly, Senior Vice President, Chief Financial Officer and Treasurer, Voya Investments, LLC (November 2015 – March 2018); Chief Financial Officer and Chief Accounting Officer, Hartford Investment Management (September 2003 – September 2014). | |
Dina Santoro230 Park AvenueNew York, New York 10169Age: 45 | | | President | | | March 2018 – Present | | | President and Director, Voya Investments, LLC and Voya Capital, LLC (March 2018 – Present); Director, Voya Funds Services, LLC (March 2018 – Present); Director and Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017 – Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004 – August 2017). | |
Stanley D. Vyner 230 Park Avenue New York, New York 10169 Age: 68 | | | Executive Vice President Chief Investment Risk Officer | | | January 2005 – Present September 2009 – Present | | | Executive Vice President, Voya Investments, LLC (July 2000 – Present) and Chief Investment Risk Officer, Voya Investments, LLC (January 2003 – Present). | |
James M. Fink 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 60 | | | Executive Vice President | | | March 2018 – Present | | | Managing Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Chief Administrative Officer, Voya Investment Management (September 2017 – Present). Formerly, Managing Director, Operations, Voya Investment Management (March 1999 – September 2017). | |
Kevin M. Gleason 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 52 | | | Chief Compliance Officer | | | February 2012 – Present | | | Senior Vice President, Voya Investment Management and Chief Compliance Officer, Voya Family of Funds (February 2012 – Present). | |
Todd Modic 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 51 | | | Senior Vice President, Chief/Principal Financial Officer and Assistant Secretary | | | March 2005 – Present | | | President, Voya Funds Services, LLC (March 2018 – Present) and Senior Vice President, Voya Investments, LLC (April 2005 – Present). | |
Kimberly A. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 54 | | | Senior Vice President | | | January 2005 – Present | | | Senior Vice President, Voya Investments, LLC (September 2003 – Present). | |
Robert Terris 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 48 | | | Senior Vice President | | | May 2006 – Present | | | Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Senior Vice President, Head of Division Operations, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (March 2006 – Present). | |
Fred Bedoya 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 46 | | | Vice President and Treasurer | | | September 2012 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (July 2012 – Present). | |
Name, Address and Age | | | Position(s) Held With the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
Maria M. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 60 | | | Vice President | | | January 2005 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (September 2004 – Present). | |
Sara M. Donaldson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 59 | | | Vice President | | | September 2014 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present). Formerly, Vice President, Voya Funds Services, LLC (April 2014 – October 2015). Formerly, Director, Compliance, AXA Rosenberg Global Services, LLC (September 1997 – March 2014). | |
Micheline S. Faver 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 41 | | | Vice President | | | September 2016 – Present | | | Vice President, Head of Fund Compliance and Chief Compliance Officer, Voya Investments, LLC (June 2016 – Present). Formerly, Vice President, Mutual Fund Compliance (March 2014 – June 2016); Assistant Vice President, Mutual Fund Compliance (May 2013 – March 2014). | |
Robyn L. Ichilov 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 51 | | | Vice President | | | January 2005 – Present | | | Vice President, Voya Funds Services, LLC (November 1995 – Present) and Voya Investments, LLC (August 1997 – Present). | |
Jason Kadavy 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | | | Vice President | | | September 2012 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (July 2007 – Present). | |
Andrew K. Schlueter 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | | | Vice President | | | March 2018 – Present | | | Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Vice President, Voya Investments, LLC and Voya Funds Services, LLC (March 2018 – Present); Vice President, Head of Mutual Fund Operations, Voya Investment Management (February 2018 – Present). Formerly, Vice President, Voya Investment Management (March 2014 – February 2018); Assistant Vice President, Voya Investment Management (March 2011 – March 2014). | |
Kimberly K. Springer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | | | Vice President | | | March 2006 – Present | | | Vice President – Mutual Fund Product Development, Voya Investments, LLC (July 2012 – Present); Vice President, Voya Family of Funds (March 2010 – Present) and Vice President, Voya Funds Services, LLC (March 2006 – Present). | |
Craig Wheeler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 49 | | | Vice President | | | May 2013 – Present | | | Vice President – Director of Tax, Voya Investments, LLC (October 2015 – Present). Formerly, Vice President – Director of Tax, Voya Funds Services, LLC (March 2013 – October 2015). | |
Monia Piacenti One Orange Way Windsor, Connecticut 06095 Age: 42 | | | Anti-Money Laundering Officer | | | June 2018 – Present | | | Anti-Money Laundering Officer, Voya Investments Distributor, LLC, Voya Investment Management and Voya Investment Management Trust Co. (June 2018 – Present); Compliance Consultant, Voya Financial, Inc. (January 2019 – Present). Senior Compliance Officer, Voya Investment Management (December 2009 – December 2018). | |
Huey P. Falgout, Jr. 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 55 | | | Secretary | | | August 2003 – Present | | | Senior Vice President and Secretary of Voya Investments, LLC (December 2018 – Present) and Voya Funds Services, LLC (March 2010 – Present); Senior Vice President and Chief Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
Name, Address and Age | | | Position(s) Held With the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
Paul A. Caldarelli 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 67 | | | Assistant Secretary | | | June 2010 – Present | | | Vice President and Senior Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
Theresa K. Kelety 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 56 | | | Assistant Secretary | | | August 2003 – Present | | | Vice President and Senior Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Voya Investments Distributor, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
BNY Mellon Investment Servicing (U.S.) Inc.
301 Bellevue Parkway
Wilmington, Delaware 19809
KPMG LLP
Two Financial Center
60 South Street
Boston, Massachusetts 02111
The Bank of New York Mellon
225 Liberty Street
New York, New York 10286
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
| ■ Voya Index Solution Income Portfolio | | | ■ Voya Index Solution 2040 Portfolio | |
| ■ Voya Index Solution 2020 Portfolio | | | ■ Voya Index Solution 2045 Portfolio | |
| ■ Voya Index Solution 2025 Portfolio | | | ■ Voya Index Solution 2050 Portfolio | |
| ■ Voya Index Solution 2030 Portfolio | | | ■ Voya Index Solution 2055 Portfolio | |
| ■ Voya Index Solution 2035 Portfolio | | | ■ Voya Index Solution 2060 Portfolio | |
| | Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of each Portfolio’s annual and semi-annual shareholder reports, like this annual report, will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report. | | |
| | If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from your insurance carrier electronically by contacting them directly. | | |
| | You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions provided to elect to continue receiving paper copies of your shareholder reports. You can inform us that you wish to continue receiving paper copies by calling 1-800-283-3427. Your election to receive reports in paper will apply to all the funds in which you invest. | | |
| | This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the funds’ investment objectives, risks, charges, expenses and other information. This information should be read carefully. | | |
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President
Voya Family of Funds
December 31, 2018
| | Index | | | | Description | | |
| | Bloomberg Barclays High Yield Bond — 2% Issuer Constrained Composite Index | | | | An index that includes all fixed-income securities having a maximum quality rating of Ba1, a minimum amount outstanding of $150 million, and at least one year to maturity. | | |
| | Bloomberg Barclays U.S. Aggregate Bond Index | | | | An index of publicly issued investment grade U.S. government, mortgage-backed, asset-backed and corporate debt securities. | | |
| | Bloomberg Barclays U.S. Corporate Investment Grade Bond Index | | | | An index consisting of publicly issued, fixed rate, nonconvertible, investment grade debt securities. | | |
| | Bloomberg Barclays Short Treasury Index | | | | The index measures the performance of U.S. Treasury securities that have a remaining maturity between one and twelve months. | | |
| | MSCI Europe ex UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe, excluding the UK. | | |
| | MSCI Japan® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan. | | |
| | MSCI UK® Index | | | | A free float-adjusted market capitalization index that is designed to measure developed market equity performance in the UK. | | |
| | MSCI World IndexSM | | | | An index that measures the performance of over 1,600 securities listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand and the Far East. | | |
| | S&P 500® Index | | | | An index that measures the performance of securities of approximately 500 large-capitalization companies whose securities are traded on major U.S. stock markets. | | |
| | S&P Target Date Retirement Income Index | | | | Seeks to represent asset allocations which target an immediate retirement horizon. | | |
| | S&P Target Date 2020 Index, S&P Target Date 2025 Index, S&P Target Date 2030 Index, S&P Target Date 2035 Index, S&P Target Date 2040 Index, S&P Target Date 2045 Index, S&P Target Date 2050 Index, S&P Target Date 2055 Index and S&P Target Date 2060+ Index | | | | Each index seeks to represent the market consensus for asset allocations which target an approximate 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 and beyond the 2060 retirement horizon, respectively. | | |
Voya Index Solution Portfolios | Portfolio Managers’ Report |
Portfolio Managers’ Report | Voya Index Solution Portfolios |
Voya Index Solution Portfolios | Portfolio Managers’ Report |
| | Total Returns for the Period Ended December 31, 2018 | | | |||
| | | | | 1 Year | | |
| | Voya Index Solution Income Portfolio, Class S | | | -3.25% | | |
| | S&P Target Date Retirement Income Index | | | -2.54% | | |
| | Voya Index Solution 2020 Portfolio, Class S | | | -4.13% | | |
| | S&P Target Date 2020 Index | | | -4.16% | | |
| | Voya Index Solution 2025 Portfolio, Class S | | | -5.17% | | |
| | S&P Target Date 2025 Index | | | -5.02% | | |
| | Voya Index Solution 2030 Portfolio, Class S | | | -6.40% | | |
| | S&P Target Date 2030 Index | | | -5.99% | | |
| | Voya Index Solution 2035 Portfolio, Class S | | | -7.12% | | |
| | S&P Target Date 2035 Index | | | -6.88% | | |
| | Voya Index Solution 2040 Portfolio, Class S | | | -7.73% | | |
| | S&P Target Date 2040 Index | | | -7.41% | | |
| | Voya Index Solution 2045 Portfolio, Class S | | | -8.44% | | |
| | S&P Target Date 2045 Index | | | -7.74% | | |
| | Voya Index Solution 2050 Portfolio, Class S | | | -8.68% | | |
| | S&P Target Date 2050 Index | | | -7.94% | | |
| | Voya Index Solution 2055 Portfolio, Class S | | | -8.66% | | |
| | S&P Target Date 2055 Index | | | -7.97% | | |
| | Voya Index Solution 2060 Portfolio, Class S | | | -8.66% | | |
| | S&P Target Date 2060+ Index | | | -7.95% | | |
| | | | | | | |
| | Annual Target Asset Allocation as of December 31, 2018 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Sub Asset Class | | | 2060 | | | 2055 | | | 2050 | | | 2045 | | | 2040 | | | 2035 | | | 2030 | | | 2025 | | | 2020 | | | Income | | | ||||||||||||||||||||||||||||||
| | US Large Blend | | | | | 48.50% | | | | | | 48.50% | | | | | | 48.50% | | | | | | 48.00% | | | | | | 44.50% | | | | | | 43.00% | | | | | | 38.00% | | | | | | 32.00% | | | | | | 26.00% | | | | | | 19.50% | | | |
| | US Mid Cap Blend | | | | | 6.00% | | | | | | 6.00% | | | | | | 6.00% | | | | | | 6.00% | | | | | | 5.00% | | | | | | 4.00% | | | | | | 3.00% | | | | | | 2.50% | | | | | | 1.00% | | | | | | 1.00% | | | |
| | US Small Cap | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 3.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 1.00% | | | | | | 0.00% | | | |
| | International | | | | | 24.00% | | | �� | | | 24.00% | | | | | | 24.00% | | | | | | 23.00% | | | | | | 22.00% | | | | | | 20.00% | | | | | | 18.00% | | | | | | 13.00% | | | | | | 10.00% | | | | | | 6.00% | | | |
| | Emerging Markets | | | | | 7.50% | | | | | | 7.50% | | | | | | 7.50% | | | | | | 7.00% | | | | | | 6.50% | | | | | | 6.00% | | | | | | 5.00% | | | | | | 4.00% | | | | | | 2.50% | | | | | | 2.00% | | | |
| | US Real Estate | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | |
| | Global Real Estate | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | | |
| | Commodities | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | | | | 1.50% | | | |
| | Core Fixed Income | | | | | 5.00% | | | | | | 5.00% | | | | | | 5.00% | | | | | | 5.25% | | | | | | 9.00% | | | | | | 14.00% | | | | | | 23.00% | | | | | | 29.75% | | | | | | 35.75% | | | | | | 43.00% | | | |
| | Senior Debt | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 1.75% | | | | | | 3.00% | | | | | | 4.00% | | | | | | 4.00% | | | | | | 5.00% | | | | | | 5.00% | | | | | | 5.00% | | | |
| | TIPS | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 2.00% | | | | | | 5.00% | | | | | | 7.00% | | | |
| | Short Duration | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 5.25% | | | | | | 9.25% | | | | | | 12.00% | | | |
| | Long Govt Bonds | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | | | | 2.00% | | | |
| | Total Equity | | | | | 92.0% | | | | | | 92.0% | | | | | | 92.0% | | | | | | 90.0% | | | | | | 84.0% | | | | | | 78.0% | | | | | | 69.0% | | | | | | 56.0% | | | | | | 43.0% | | | | | | 31.0% | | | |
| | Total Fixed Income | | | | | 8.0% | | | | | | 8.0% | | | | | | 8.0% | | | | | | 10.0% | | | | | | 16.0% | | | | | | 22.0% | | | | | | 31.0% | | | | | | 44.0% | | | | | | 57.0% | | | | | | 69.0% | | | |
| | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | | | | 100.0% | | | |
| | | | | | | | | | | | | | | | | | |
Portfolio Managers’ Report | Voya Index Solution Income Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -3.50% | | | | | | 2.74% | | | | | | 4.99% | | | | | | — | | | |
| | Class I | | | | | -3.04% | | | | | | 3.27% | | | | | | 5.52% | | | | | | — | | | |
| | Class S | | | | | -3.25% | | | | | | 3.01% | | | | | | 5.25% | | | | | | — | | | |
| | Class S2 | | | | | -3.39% | | | | | | 2.86% | | | | | | — | | | | | | 5.25% | | | |
| | Class Z(1) | | | | | -2.83% | | | | | | 3.41% | | | | | | 5.59% | | | | | | — | | | |
| | S&P Target Date Retirement Income Index | | | | | -2.54% | | | | | | 3.06% | | | | | | 5.31% | | | | | | 5.53% | | | |
| | | | |
Voya Index Solution 2020 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 October 3, 2011 | | | Since Inception of Class Z May 1, 2015 | | | ||||||||||||
| | Class ADV | | | | | -4.42% | | | | | | 3.56% | | | | | | 6.86% | | | | | | — | | | |
| | Class I | | | | | -3.98% | | | | | | 4.00% | | | | | | 7.33% | | | | | | — | | | |
| | Class S | | | | | -4.13% | | | | | | 3.78% | | | | | | 7.06% | | | | | | — | | | |
| | Class S2 | | | | | -4.29% | | | | | | 3.62% | | | | | | 6.94% | | | | | | — | | | |
| | Class Z(1) | | | | | -3.74% | | | | | | 4.14% | | | | | | — | | | | | | 7.43% | | | |
| | S&P Target Date 2020 Index | | | | | -4.16% | | | | | | 4.10% | | | | | | 7.67% | | | | | | 7.67% | | | |
| | | | |
Portfolio Managers’ Report | Voya Index Solution 2025 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -5.37% | | | | | | 3.61% | | | | | | 7.57% | | | | | | — | | | |
| | Class I | | | | | -4.94% | | | | | | 4.12% | | | | | | 8.10% | | | | | | — | | | |
| | Class S | | | | | -5.17% | | | | | | 3.87% | | | | | | 7.85% | | | | | | — | | | |
| | Class S2 | | | | | -5.29% | | | | | | 3.72% | | | | | | — | | | | | | 7.86% | | | |
| | Class Z(1) | | | | | -4.74% | | | | | | 4.25% | | | | | | 8.17% | | | | | | — | | | |
| | S&P Target Date 2025 Index | | | | | -5.02% | | | | | | 4.31% | | | | | | 8.46% | | | | | | 8.65% | | | |
| | | | |
Voya Index Solution 2030 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 October 3, 2011 | | | Since Inception of Class Z May 1, 2015 | | | ||||||||||||
| | Class ADV | | | | | -6.60% | | | | | | 3.99% | | | | | | 8.54% | | | | | | — | | | |
| | Class I | | | | | -6.11% | | | | | | 4.48% | | | | | | 9.06% | | | | | | — | | | |
| | Class S | | | | | -6.40% | | | | | | 4.24% | | | | | | 8.76% | | | | | | — | | | |
| | Class S2 | | | | | -6.47% | | | | | | 4.02% | | | | | | 8.60% | | | | | | — | | | |
| | Class Z(1) | | | | | -5.90% | | | | | | 4.58% | | | | | | — | | | | | | 9.13% | | | |
| | S&P Target Date 2030 Index | | | | | -5.99% | | | | | | 4.50% | | | | | | 9.05% | | | | | | 9.05% | | | |
| | | | |
Portfolio Managers’ Report | Voya Index Solution 2035 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -7.26% | | | | | | 4.06% | | | | | | 8.60% | | | | | | — | | | |
| | Class I | | | | | -6.86% | | | | | | 4.56% | | | | | | 9.13% | | | | | | — | | | |
| | Class S | | | | | -7.12% | | | | | | 4.30% | | | | | | 8.86% | | | | | | — | | | |
| | Class S2 | | | | | -7.14% | | | | | | 4.17% | | | | | | — | | | | | | 8.89% | | | |
| | Class Z(1) | | | | | -6.64% | | | | | | 4.72% | | | | | | 9.22% | | | | | | — | | | |
| | S&P Target Date 2035 Index | | | | | -6.88% | | | | | | 4.69% | | | | | | 9.38% | | | | | | 9.54% | | | |
| | | | |
Voya Index Solution 2040 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 October 3, 2011 | | | Since Inception of Class Z May 1, 2015 | | | ||||||||||||
| | Class ADV | | | | | -7.94% | | | | | | 4.15% | | | | | | 9.59% | | | | | | — | | | |
| | Class I | | | | | -7.53% | | | | | | 4.62% | | | | | | 10.11% | | | | | | — | | | |
| | Class S | | | | | -7.73% | | | | | | 4.38% | | | | | | 9.83% | | | | | | — | | | |
| | Class S2 | | | | | -7.90% | | | | | | 4.21% | | | | | | 9.67% | | | | | | — | | | |
| | Class Z(1) | | | | | -7.32% | | | | | | 4.74% | | | | | | — | | | | | | 10.20% | | | |
| | S&P Target Date 2040 Index | | | | | -7.41% | | | | | | 4.82% | | | | | | 9.96% | | | | | | 9.96% | | | |
| | | | |
Portfolio Managers’ Report | Voya Index Solution 2045 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | Since Inception of Class S2 May 28, 2009 | | | ||||||||||||
| | Class ADV | | | | | -8.70% | | | | | | 4.09% | | | | | | 9.11% | | | | | | — | | | |
| | Class I | | | | | -8.16% | | | | | | 4.62% | | | | | | 9.67% | | | | | | — | | | |
| | Class S | | | | | -8.44% | | | | | | 4.35% | | | | | | 9.39% | | | | | | — | | | |
| | Class S2 | | | | | -8.52% | | | | | | 4.22% | | | | | | — | | | | | | 9.36% | | | |
| | Class Z(1) | | | | | -8.03% | | | | | | 4.76% | | | | | | 9.74% | | | | | | — | | | |
| | S&P Target Date 2045 Index | | | | | -7.74% | | | | | | 4.91% | | | | | | 9.88% | | | | | | 10.01% | | | |
| | | | |
Voya Index Solution 2050 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | |||||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 October 3, 2011 | | | Since Inception of Class Z May 1, 2015 | | | |||||||||||||||
| | Class ADV | | | | | -8.92% | | | | | | 4.11% | | | | | | 9.65% | | | | | | — | | | | |||
| | Class I | | | | | -8.49% | | | | | | 4.63% | | | | | | 10.21% | | | | | | — | | | | |||
| | Class S | | | | | -8.68% | | | | | | 4.41% | | | | | | 9.94% | | | | | | — | | | | |||
| | Class S2 | | | | | -8.80% | | | | | | 4.21% | | | | | | 9.76% | | | | | | — | | | | |||
| | Class Z(1) | | | | | -8.28% | | | | | | 4.75% | | | | | | — | | | | | | 10.29% | | | | |||
| | S&P Target Date 2050 Index | | | | | -7.94% | | | | | | 5.01% | | | | | | 10.52% | | | | | | 10.52% | | | | |||
| | | | |
Portfolio Managers’ Report | Voya Index Solution 2055 Portfolio |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | Since Inception of Classes ADV, I, S, and S2 March 8, 2010 | | | Since Inception of Class Z May 1, 2015 | | | ||||||||||||
| | Class ADV | | | | | -8.87% | | | | | | 4.15% | | | | | | 7.39% | | | | | | — | | | |
| | Class I | | | | | -8.48% | | | | | | 4.65% | | | | | | 7.92% | | | | | | — | | | |
| | Class S | | | | | -8.66% | | | | | | 4.39% | | | | | | 7.66% | | | | | | — | | | |
| | Class S2 | | | | | -8.77% | | | | | | 4.25% | | | | | | 7.50% | | | | | | — | | | |
| | Class Z(1) | | | | | -8.24% | | | | | | 4.81% | | | | | | — | | | | | | 8.01% | | | |
| | S&P Target Date 2055 Index | | | | | -7.97% | | | | | | 5.07% | | | | | | 8.37% | | | | | | 8.37% | | | |
| | | | |
Voya Index Solution 2060 Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2018 | | | ||||||||||||||||||
| | | | | 1 Year | | | Since Inception of Classes ADV, I, S, and S2 February 9, 2015 | | | Since Inception of Class Z May 1, 2015 | | | |||||||||
| | Class ADV | | | | | -8.88% | | | | | | 3.81% | | | | | | — | | | |
| | Class I | | | | | -8.46% | | | | | | 4.31% | | | | | | — | | | |
| | Class S | | | | | -8.66% | | | | | | 4.05% | | | | | | — | | | |
| | Class S2 | | | | | -8.75% | | | | | | 3.88% | | | | | | — | | | |
| | Class Z(1) | | | | | -8.27% | | | | | | — | | | | | | 4.48% | | | |
| | S&P Target Date 2060+ Index | | | | | -7.95% | | | | | | 4.94% | | | | | | 4.94% | | | |
| | | | |
| | | Actual Portfolio Return | | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||||||||||||
| | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | ||||||||||||||||||||||||
Voya Index Solution Income Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 975.40 | | | | | | 0.71% | | | | | $ | 3.54 | | | | | $ | 1,000.00 | | | | | $ | 1,021.63 | | | | | | 0.71% | | | | | $ | 3.62 | | |
Class I | | | | | 1,000.00 | | | | | | 977.90 | | | | | | 0.21 | | | | | | 1.05 | | | | | | 1,000.00 | | | | | | 1,024.15 | | | | | | 0.21 | | | | | | 1.07 | | |
Class S | | | | | 1,000.00 | | | | | | 976.80 | | | | | | 0.46 | | | | | | 2.29 | | | | | | 1,000.00 | | | | | | 1,022.89 | | | | | | 0.46 | | | | | | 2.35 | | |
Class S2 | | | | | 1,000.00 | | | | | | 976.50 | | | | | | 0.61 | | | | | | 3.04 | | | | | | 1,000.00 | | | | | | 1,022.13 | | | | | | 0.61 | | | | | | 3.11 | | |
Class Z | | | | | 1,000.00 | | | | | | 979.00 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2020 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 963.10 | | | | | | 0.71% | | | | | $ | 3.51 | | | | | $ | 1,000.00 | | | | | $ | 1,021.63 | | | | | | 0.71% | | | | | $ | 3.62 | | |
Class I | | | | | 1,000.00 | | | | | | 965.90 | | | | | | 0.21 | | | | | | 1.04 | | | | | | 1,000.00 | | | | | | 1,024.15 | | | | | | 0.21 | | | | | | 1.07 | | |
Class S | | | | | 1,000.00 | | | | | | 965.10 | | | | | | 0.46 | | | | | | 2.28 | | | | | | 1,000.00 | | | | | | 1,022.89 | | | | | | 0.46 | | | | | | 2.35 | | |
Class S2 | | | | | 1,000.00 | | | | | | 964.30 | | | | | | 0.61 | | | | | | 3.02 | | | | | | 1,000.00 | | | | | | 1,022.13 | | | | | | 0.61 | | | | | | 3.11 | | |
Class Z | | | | | 1,000.00 | | | | | | 966.90 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2025 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 950.60 | | | | | | 0.70% | | | | | $ | 3.44 | | | | | $ | 1,000.00 | | | | | $ | 1,021.68 | | | | | | 0.70% | | | | | $ | 3.57 | | |
Class I | | | | | 1,000.00 | | | | | | 953.10 | | | | | | 0.20 | | | | | | 0.98 | | | | | | 1,000.00 | | | | | | 1,024.20 | | | | | | 0.20 | | | | | | 1.02 | | |
Class S | | | | | 1,000.00 | | | | | | 951.70 | | | | | | 0.45 | | | | | | 2.21 | | | | | | 1,000.00 | | | | | | 1,022.94 | | | | | | 0.45 | | | | | | 2.29 | | |
Class S2 | | | | | 1,000.00 | | | | | | 951.40 | | | | | | 0.60 | | | | | | 2.95 | | | | | | 1,000.00 | | | | | | 1,022.18 | | | | | | 0.60 | | | | | | 3.06 | | |
Class Z | | | | | 1,000.00 | | | | | | 954.30 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
| | | Actual Portfolio Return | | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||||||||||||
| | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | | Beginning Account Value July 1, 2018 | | | Ending Account Value December 31, 2018 | | | Annualized Expense Ratio* | | | Expenses Paid During the Period Ended December 31, 2018** | | ||||||||||||||||||||||||
Voya Index Solution 2030 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 938.90 | | | | | | 0.70% | | | | | $ | 3.42 | | | | | $ | 1,000.00 | | | | | $ | 1,021.68 | | | | | | 0.70% | | | | | $ | 3.57 | | |
Class I | | | | | 1,000.00 | | | | | | 941.30 | | | | | | 0.20 | | | | | | 0.98 | | | | | | 1,000.00 | | | | | | 1,024.20 | | | | | | 0.20 | | | | | | 1.02 | | |
Class S | | | | | 1,000.00 | | | | | | 939.60 | | | | | | 0.45 | | | | | | 2.20 | | | | | | 1,000.00 | | | | | | 1,022.94 | | | | | | 0.45 | | | | | | 2.29 | | |
Class S2 | | | | | 1,000.00 | | | | | | 939.60 | | | | | | 0.60 | | | | | | 2.93 | | | | | | 1,000.00 | | | | | | 1,022.18 | | | | | | 0.60 | | | | | | 3.06 | | |
Class Z | | | | | 1,000.00 | | | | | | 942.20 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2035 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 929.90 | | | | | | 0.70% | | | | | $ | 3.41 | | | | | $ | 1,000.00 | | | | | $ | 1,021.68 | | | | | | 0.70% | | | | | $ | 3.57 | | |
Class I | | | | | 1,000.00 | | | | | | 932.20 | | | | | | 0.20 | | | | | | 0.97 | | | | | | 1,000.00 | | | | | | 1,024.20 | | | | | | 0.20 | | | | | | 1.02 | | |
Class S | | | | | 1,000.00 | | | | | | 930.40 | | | | | | 0.45 | | | | | | 2.19 | | | | | | 1,000.00 | | | | | | 1,022.94 | | | | | | 0.45 | | | | | | 2.29 | | |
Class S2 | | | | | 1,000.00 | | | | | | 930.20 | | | | | | 0.60 | | | | | | 2.92 | | | | | | 1,000.00 | | | | | | 1,022.18 | | | | | | 0.60 | | | | | | 3.06 | | |
Class Z | | | | | 1,000.00 | | | | | | 933.60 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2040 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 923.00 | | | | | | 0.71% | | | | | $ | 3.44 | | | | | $ | 1,000.00 | | | | | $ | 1,021.63 | | | | | | 0.71% | | | | | $ | 3.62 | | |
Class I | | | | | 1,000.00 | | | | | | 925.30 | | | | | | 0.21 | | | | | | 1.02 | | | | | | 1,000.00 | | | | | | 1,024.15 | | | | | | 0.21 | | | | | | 1.07 | | |
Class S | | | | | 1,000.00 | | | | | | 923.90 | | | | | | 0.46 | | | | | | 2.23 | | | | | | 1,000.00 | | | | | | 1,022.89 | | | | | | 0.46 | | | | | | 2.35 | | |
Class S2 | | | | | 1,000.00 | | | | | | 922.70 | | | | | | 0.61 | | | | | | 2.96 | | | | | | 1,000.00 | | | | | | 1,022.13 | | | | | | 0.61 | | | | | | 3.11 | | |
Class Z | | | | | 1,000.00 | | | | | | 926.30 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2045 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 916.10 | | | | | | 0.72% | | | | | $ | 3.48 | | | | | $ | 1,000.00 | | | | | $ | 1,021.58 | | | | | | 0.72% | | | | | $ | 3.67 | | |
Class I | | | | | 1,000.00 | | | | | | 918.40 | | | | | | 0.22 | | | | | | 1.06 | | | | | | 1,000.00 | | | | | | 1,024.10 | | | | | | 0.22 | | | | | | 1.12 | | |
Class S | | | | | 1,000.00 | | | | | | 917.10 | | | | | | 0.47 | | | | | | 2.27 | | | | | | 1,000.00 | | | | | | 1,022.84 | | | | | | 0.47 | | | | | | 2.40 | | |
Class S2 | | | | | 1,000.00 | | | | | | 917.20 | | | | | | 0.62 | | | | | | 3.00 | | | | | | 1,000.00 | | | | | | 1,022.08 | | | | | | 0.62 | | | | | | 3.16 | | |
Class Z | | | | | 1,000.00 | | | | | | 919.70 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2050 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 914.70 | | | | | | 0.73% | | | | | $ | 3.52 | | | | | $ | 1,000.00 | | | | | $ | 1,021.53 | | | | | | 0.73% | | | | | $ | 3.72 | | |
Class I | | | | | 1,000.00 | | | | | | 916.70 | | | | | | 0.23 | | | | | | 1.11 | | | | | | 1,000.00 | | | | | | 1,024.05 | | | | | | 0.23 | | | | | | 1.17 | | |
Class S | | | | | 1,000.00 | | | | | | 916.00 | | | | | | 0.48 | | | | | | 2.32 | | | | | | 1,000.00 | | | | | | 1,022.79 | | | | | | 0.48 | | | | | | 2.45 | | |
Class S2 | | | | | 1,000.00 | | | | | | 915.40 | | | | | | 0.63 | | | | | | 3.04 | | | | | | 1,000.00 | | | | | | 1,022.03 | | | | | | 0.63 | | | | | | 3.21 | | |
Class Z | | | | | 1,000.00 | | | | | | 918.30 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2055 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 914.90 | | | | | | 0.73% | | | | | $ | 3.52 | | | | | $ | 1,000.00 | | | | | $ | 1,021.53 | | | | | | 0.73% | | | | | $ | 3.72 | | |
Class I | | | | | 1,000.00 | | | | | | 916.40 | | | | | | 0.23 | | | | | | 1.11 | | | | | | 1,000.00 | | | | | | 1,024.05 | | | | | | 0.23 | | | | | | 1.17 | | |
Class S | | | | | 1,000.00 | | | | | | 915.80 | | | | | | 0.48 | | | | | | 2.32 | | | | | | 1,000.00 | | | | | | 1,022.79 | | | | | | 0.48 | | | | | | 2.45 | | |
Class S2 | | | | | 1,000.00 | | | | | | 915.30 | | | | | | 0.63 | | | | | | 3.04 | | | | | | 1,000.00 | | | | | | 1,022.03 | | | | | | 0.63 | | | | | | 3.21 | | |
Class Z | | | | | 1,000.00 | | | | | | 918.20 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Index Solution 2060 Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 914.90 | | | | | | 0.72% | | | | | $ | 3.48 | | | | | $ | 1,000.00 | | | | | $ | 1,021.58 | | | | | | 0.72% | | | | | $ | 3.67 | | |
Class I | | | | | 1,000.00 | | | | | | 916.80 | | | | | | 0.22 | | | | | | 1.06 | | | | | | 1,000.00 | | | | | | 1,024.10 | | | | | | 0.22 | | | | | | 1.12 | | |
Class S | | | | | 1,000.00 | | | | | | 916.30 | | | | | | 0.47 | | | | | | 2.27 | | | | | | 1,000.00 | | | | | | 1,022.84 | | | | | | 0.47 | | | | | | 2.40 | | |
Class S2 | | | | | 1,000.00 | | | | | | 915.40 | | | | | | 0.62 | | | | | | 2.99 | | | | | | 1,000.00 | | | | | | 1,022.08 | | | | | | 0.62 | | | | | | 3.16 | | |
Class Z | | | | | 1,000.00 | | | | | | 917.30 | | | | | | 0.00 | | | | | | 0.00 | | | | | | 1,000.00 | | | | | | 1,025.21 | | | | | | 0.00 | | | | | | 0.00 | | |
Voya Partners, Inc.:
February 21, 2019
| | | Voya Index Solution Income Portfolio | | | Voya Index Solution 2020 Portfolio | | | Voya Index Solution 2025 Portfolio | | | Voya Index Solution 2030 Portfolio | |||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 331,948,139 | | | | | $ | 238,679,926 | | | | | $ | 733,097,191 | | | | | $ | 362,337,182 |
Investments in unaffiliated underlying funds at fair value** | | | | | 68,372,076 | | | | | | 40,185,973 | | | | | | 115,548,663 | | | | | | 30,968,334 |
Cash | | | | | 45,394,651 | | | | | | 21,409,794 | | | | | | 3,288,301 | | | | | | 1,569,768 |
Cash collateral for futures | | | | | 1,110,313 | | | | | | 704,006 | | | | | | 1,848,161 | | | | | | 1,127,289 |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 6,556,564 | | | | | | 7,709,032 | | | | | | 17,707,215 | | | | | | 8,099,518 |
Investments in unaffiliated underlying funds sold | | | | | 501,121 | | | | | | — | | | | | | 1,974,688 | | | | | | — |
Fund shares sold | | | | | 314,165 | | | | | | 592,694 | | | | | | 101,558 | | | | | | 967,814 |
Dividends | | | | | 601 | | | | | | 251 | | | | | | 152 | | | | | | 119 |
Prepaid expenses | | | | | 2,234 | | | | | | 1,221 | | | | | | 4,003 | | | | | | 1,563 |
Reimbursement due from manager | | | | | 51,911 | | | | | | 61,046 | | | | | | 110,063 | | | | | | 79,049 |
Other assets | | | | | 12,439 | | | | | | 2,723 | | | | | | 16,593 | | | | | | 3,287 |
Total assets | | | | | 454,264,214 | | | | | | 309,346,666 | | | | | | 873,696,588 | | | | | | 405,153,923 |
LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 7,799,288 | | | | | | 5,991,566 | | | | | | 18,526,532 | | | | | | 8,112,247 |
Payable for investments in unaffiliated underlying funds purchased | | | | | 1,388,209 | | | | | | 2,184,258 | | | | | | 1,606,651 | | | | | | 1,740,277 |
Payable for fund shares redeemed | | | | | 353,983 | | | | | | 632,840 | | | | | | 1,249,255 | | | | | | 5,428 |
Payable for investment management fees | | | | | 85,803 | | | | | | 56,851 | | | | | | 165,402 | | | | | | 72,021 |
Payable for distribution and shareholder service fees | | | | | 72,213 | | | | | | 14,628 | | | | | | 119,515 | | | | | | 14,516 |
Payable for directors fees | | | | | 2,343 | | | | | | 1,419 | | | | | | 4,373 | | | | | | 1,863 |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 12,439 | | | | | | 2,723 | | | | | | 16,593 | | | | | | 3,287 |
Other accrued expenses and liabilities | | | | | 63,465 | | | | | | 16,260 | | | | | | 63,803 | | | | | | 21,781 |
Total liabilities | | | | | 9,777,743 | | | | | | 8,900,545 | | | | | | 21,752,124 | | | | | | 9,971,420 |
NET ASSETS | | | | $ | 444,486,471 | | | | | $ | 300,446,121 | | | | | $ | 851,944,464 | | | | | $ | 395,182,503 |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 453,900,285 | | | | | $ | 303,385,956 | | | | | $ | 853,289,551 | | | | | $ | 402,402,324 |
Total distributable loss | | | | | (9,413,814) | | | | | | (2,939,835) | | | | | | (1,345,087) | | | | | | (7,219,821) |
NET ASSETS | | | | $ | 444,486,471 | | | | | $ | 300,446,121 | | | | | $ | 851,944,464 | | | | | $ | 395,182,503 |
* Cost of investments in affiliated underlying funds | | | | $ | 345,632,083 | | | | | $ | 253,034,566 | | | | | $ | 771,239,128 | | | | | $ | 390,817,109 |
** Cost of investments in unaffiliated underlying funds | | | | $ | 72,680,132 | | | | | $ | 42,255,294 | | | | | $ | 121,756,106 | | | | | $ | 33,110,337 |
| | | Voya Index Solution Income Portfolio | | | Voya Index Solution 2020 Portfolio | | | Voya Index Solution 2025 Portfolio | | | Voya Index Solution 2030 Portfolio | |||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 87,696,843 | | | | | $ | 24,849,713 | | | | | $ | 196,101,569 | | | | | $ | 27,142,645 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | �� | | | | 9,077,634 | | | | | | 2,032,715 | | | | | | 19,630,055 | | | | | | 1,965,222 |
Net asset value and redemption price per share | | | | $ | 9.66 | | | | | $ | 12.22 | | | | | $ | 9.99 | | | | | $ | 13.81 |
Class I | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 21,140,176 | | | | | $ | 7,470,760 | | | | | $ | 56,644,919 | | | | | $ | 6,304,113 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 2,131,508 | | | | | | 595,537 | | | | | | 5,530,279 | | | | | | 444,197 |
Net asset value and redemption price per share | | | | $ | 9.92 | | | | | $ | 12.54 | | | | | $ | 10.24 | | | | | $ | 14.19 |
Class S | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 140,646,688 | | | | | $ | 11,577,847 | | | | | $ | 120,905,297 | | | | | $ | 11,224,172 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 14,324,099 | | | | | | 926,519 | | | | | | 11,932,855 | | | | | | 796,362 |
Net asset value and redemption price per share | | | | $ | 9.82 | | | | | $ | 12.50 | | | | | $ | 10.13 | | | | | $ | 14.09 |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 16,239,894 | | | | | $ | 5,488,080 | | | | | $ | 26,038,055 | | | | | $ | 2,238,852 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 1,690,689 | | | | | | 441,614 | | | | | | 2,614,517 | | | | | | 160,609 |
Net asset value and redemption price per share | | | | $ | 9.61 | | | | | $ | 12.43 | | | | | $ | 9.96 | | | | | $ | 13.94 |
Class Z | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 178,762,870 | | | | | $ | 251,059,721 | | | | | $ | 452,254,624 | | | | | $ | 348,272,721 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 17,895,389 | | | | | | 19,878,605 | | | | | | 43,846,666 | | | | | | 24,426,629 |
Net asset value and redemption price per share | | | | $ | 9.99 | | | | | $ | 12.63 | | | | | $ | 10.31 | | | | | $ | 14.26 |
| | | Voya Index Solution 2035 Portfolio | | | Voya Index Solution 2040 Portfolio | | | Voya Index Solution 2045 Portfolio | | | Voya Index Solution 2050 Portfolio | |||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 706,084,309 | | | | | $ | 252,565,563 | | | | | $ | 493,921,080 | | | | | $ | 171,876,298 |
Investments in unaffiliated underlying funds at fair value** | | | | | 60,484,934 | | | | | | 18,654,678 | | | | | | 24,199,251 | | | | | | 5,192,321 |
Cash | | | | | 3,179,763 | | | | | | 1,067,365 | | | | | | 2,453,715 | | | | | | 761,554 |
Cash collateral for futures | | | | | 2,285,129 | | | | | | 776,825 | | | | | | 2,041,062 | | | | | | 663,634 |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 13,475,101 | | | | | | 4,879,880 | | | | | | 7,417,645 | | | | | | 2,585,897 |
Investments in unaffiliated underlying funds sold | | | | | 447,395 | | | | | | — | | | | | | 84,146 | | | | | | — |
Fund shares sold | | | | | 208,993 | | | | | | 726,614 | | | | | | 129,685 | | | | | | 860,409 |
Dividends | | | | | 75 | | | | | | 57 | | | | | | 41 | | | | | | 19 |
Prepaid expenses | | | | | 3,634 | | | | | | 995 | | | | | | 2,446 | | | | | | 610 |
Reimbursement due from manager | | | | | 97,559 | | | | | | 52,537 | | | | | | 54,521 | | | | | | 29,318 |
Other assets | | | | | 14,224 | | | | | | 2,135 | | | | | | 9,211 | | | | | | 1,311 |
Total assets | | | | | 786,281,116 | | | | | | 278,726,649 | | | | | | 530,312,803 | | | | | | 181,971,371 |
LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 13,780,919 | | | | | | 4,979,926 | | | | | | 8,361,188 | | | | | | 3,505,861 |
Payable for investments in unaffiliated underlying funds purchased | | | | | 1,165,966 | | | | | | 1,082,425 | | | | | | 588,538 | | | | | | 351,394 |
Payable for fund shares redeemed | | | | | 842,014 | | | | | | 76,131 | | | | | | 108,335 | | | | | | 2,298 |
Payable for investment management fees | | | | | 142,543 | | | | | | 49,157 | | | | | | 93,552 | | | | | | 30,938 |
Payable for distribution and shareholder service fees | | | | | 107,288 | | | | | | 8,933 | | | | | | 72,850 | | | | | | 7,004 |
Payable for directors fees | | | | | 3,995 | | | | | | 1,244 | | | | | | 2,703 | | | | | | 790 |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 14,224 | | | | | | 2,135 | | | | | | 9,211 | | | | | | 1,311 |
Other accrued expenses and liabilities | | | | | 63,566 | | | | | | 19,536 | | | | | | 42,264 | | | | | | 26,409 |
Total liabilities | | | | | 16,120,515 | | | | | | 6,219,487 | | | | | | 9,278,641 | | | | | | 3,926,005 |
NET ASSETS | | | | $ | 770,160,601 | | | | | $ | 272,507,162 | | | | | $ | 521,034,162 | | | | | $ | 178,045,366 |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 770,526,669 | | | | | $ | 280,698,950 | | | | | $ | 524,704,418 | | | | | $ | 185,797,725 |
Total distributable loss | | | | | (366,068) | | | | | | (8,191,788) | | | | | | (3,670,256) | | | | | | (7,752,359) |
NET ASSETS | | | | $ | 770,160,601 | | | | | $ | 272,507,162 | | | | | $ | 521,034,162 | | | | | $ | 178,045,366 |
* Cost of investments in affiliated underlying funds | | | | $ | 746,938,075 | | | | | $ | 277,254,647 | | | | | $ | 529,279,209 | | | | | $ | 190,378,843 |
** Cost of investments in unaffiliated underlying funds | | | | $ | 65,336,698 | | | | | $ | 19,949,314 | | | | | $ | 26,844,090 | | | | | $ | 5,722,001 |
| | | Voya Index Solution 2035 Portfolio | | | Voya Index Solution 2040 Portfolio | | | Voya Index Solution 2045 Portfolio | | | Voya Index Solution 2050 Portfolio | |||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 176,145,299 | | | | | $ | 15,441,039 | | | | | $ | 122,905,480 | | | | | $ | 11,155,391 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 17,376,745 | | | | | | 1,080,832 | | | | | | 11,836,915 | | | | | | 775,201 |
Net asset value and redemption price per share | | | | $ | 10.14 | | | | | $ | 14.29 | | | | | $ | 10.38 | | | | | $ | 14.39 |
Class I | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 55,981,752 | | | | | $ | 3,952,090 | | | | | $ | 43,658,411 | | | | | $ | 3,850,741 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 5,372,044 | | | | | | 269,769 | | | | | | 4,065,180 | | | | | | 262,118 |
Net asset value and redemption price per share | | | | $ | 10.42 | | | | | $ | 14.65 | | | | | $ | 10.74 | | | | | $ | 14.69 |
Class S | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 96,259,186 | | | | | $ | 7,980,717 | | | | | $ | 65,001,595 | | | | | $ | 7,477,307 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 9,350,638 | | | | | | 545,850 | | | | | | 6,143,937 | | | | | | 510,357 |
Net asset value and redemption price per share | | | | $ | 10.29 | | | | | $ | 14.62 | | | | | $ | 10.58 | | | | | $ | 14.65 |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 29,750,649 | | | | | $ | 1,904,668 | | | | | $ | 16,120,804 | | | | | $ | 2,023,306 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 2,938,253 | | | | | | 132,050 | | | | | | 1,549,291 | | | | | | 140,041 |
Net asset value and redemption price per share | | | | $ | 10.13 | | | | | $ | 14.42 | | | | | $ | 10.41 | | | | | $ | 14.45 |
Class Z | | | | | | | | | | | | | | | | | | | | | | | |
Net assets | | | | $ | 412,023,715 | | | | | $ | 243,228,648 | | | | | $ | 273,347,872 | | | | | $ | 153,538,621 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 39,219,849 | | | | | | 16,499,570 | | | | | | 25,258,179 | | | | | | 10,395,157 |
Net asset value and redemption price per share | | | | $ | 10.51 | | | | | $ | 14.74 | | | | | $ | 10.82 | | | | | $ | 14.77 |
| | | Voya Index Solution 2055 Portfolio | | | Voya Index Solution 2060 Portfolio | | ||||||
ASSETS: | | | | | | | | | | | | | |
Investments in affiliated underlying funds at fair value* | | | | $ | 207,150,106 | | | | | $ | 43,114,754 | | |
Investments in unaffiliated underlying funds at fair value** | | | | | 6,279,411 | | | | | | 2,694,932 | | |
Cash | | | | | 956,069 | | | | | | 121,575 | | |
Cash collateral for futures | | | | | 835,483 | | | | | | — | | |
Receivables: | | | | | | | | | | | | | |
Investments in affiliated underlying funds sold | | | | | 2,958,735 | | | | | | 732,587 | | |
Investments in unaffiliated underlying funds sold | | | | | 18,095 | | | | | | 24,227 | | |
Fund shares sold | | | | | 302,742 | | | | | | 218,257 | | |
Dividends | | | | | 23 | | | | | | 12 | | |
Prepaid expenses | | | | | 891 | | | | | | 131 | | |
Reimbursement due from manager | | | | | 32,253 | | | | | | 8,314 | | |
Other assets | | | | | 2,854 | | | | | | 294 | | |
Total assets | | | | | 218,536,662 | | | | | | 46,915,083 | | |
LIABILITIES: | | | | | | | | | | | | | |
Payable for investments in affiliated underlying funds purchased | | | | | 3,585,501 | | | | | | 917,369 | | |
Payable for investments in unaffiliated underlying funds purchased | | | | | 211,581 | | | | | | 143,700 | | |
Payable for fund shares redeemed | | | | | 16,360 | | | | | | — | | |
Payable for investment management fees | | | | | 37,683 | | | | | | 8,026 | | |
Payable for distribution and shareholder service fees | | | | | 28,757 | | | | | | 3,410 | | |
Payable for directors fees | | | | | 1,040 | | | | | | 183 | | |
Payable to directors under the deferred compensation plan (Note 6) | | | | | 2,854 | | | | | | 294 | | |
Other accrued expenses and liabilities | | | | | 34,279 | | | | | | 13,823 | | |
Total liabilities | | | | | 3,918,055 | | | | | | 1,086,805 | | |
NET ASSETS | | | | $ | 214,618,607 | | | | | $ | 45,828,278 | | |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 219,507,402 | | | | | $ | 48,609,386 | | |
Total distributable loss | | | | | (4,888,795) | | | | | | (2,781,108) | | |
NET ASSETS | | | | $ | 214,618,607 | | | | | $ | 45,828,278 | | |
* Cost of investments in affiliated underlying funds | | | | $ | 224,124,314 | | | | | $ | 48,278,832 | | |
** Cost of investments in unaffiliated underlying funds | | | | $ | 7,038,665 | | | | | $ | 2,787,776 | | |
| | | Voya Index Solution 2055 Portfolio | | | Voya Index Solution 2060 Portfolio | |||||
Class ADV | | | | | | | | | | | |
Net assets | | | | $ | 46,687,952 | | | | | $ | 6,029,104 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 3,479,909 | | | | | | 547,204 |
Net asset value and redemption price per share | | | | $ | 13.42 | | | | | $ | 11.02 |
Class I | | | | | | | | | | | |
Net assets | | | | $ | 21,247,012 | | | | | $ | 3,019,711 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 1,544,702 | | | | | | 269,753 |
Net asset value and redemption price per share | | | | $ | 13.75 | | | | | $ | 11.19 |
Class S | | | | | | | | | | | |
Net assets | | | | $ | 26,744,487 | | | | | $ | 3,056,653 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 1,967,331 | | | | | | 275,474 |
Net asset value and redemption price per share | | | | $ | 13.59 | | | | | $ | 11.10 |
Class S2 | | | | | | | | | | | |
Net assets | | | | $ | 7,943,180 | | | | | $ | 751,360 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 588,988 | | | | | | 67,901 |
Net asset value and redemption price per share | | | | $ | 13.49 | | | | | $ | 11.07 |
Class Z | | | | | | | | | | | |
Net assets | | | | $ | 111,995,976 | | | | | $ | 32,971,450 |
Shares authorized | | | | | 100,000,000 | | | | | | 100,000,000 |
Par value | | | | $ | 0.001 | | | | | $ | 0.001 |
Shares outstanding | | | | | 8,079,386 | | | | | | 2,927,408 |
Net asset value and redemption price per share | | | | $ | 13.86 | | | | | $ | 11.26 |
| | | Voya Index Solution Income Portfolio | | | Voya Index Solution 2020 Portfolio | | | Voya Index Solution 2025 Portfolio | | | Voya Index Solution 2030 Portfolio | |||||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | | | | | |
Interest | | | | $ | 73,212 | | | | | $ | 32,403 | | | | | $ | 49,999 | | | | | $ | 6,209 |
Dividends from affiliated underlying funds | | | | | 8,398,121 | | | | | | 5,199,059 | | | | | | 16,106,029 | | | | | | 7,284,034 |
Dividends from unaffiliated underlying funds | | | | | 2,402,523 | | | | | | 1,332,211 | | | | | | 3,732,315 | | | | | | 1,261,003 |
Total investment income | | | | | 10,873,856 | | | | | | 6,563,673 | | | | | | 19,888,343 | | | | | | 8,551,246 |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | | | 1,117,875 | | | | | | 662,624 | | | | | | 2,003,910 | | | | | | 821,364 |
Distribution and shareholder service fees: | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | 498,084 | | | | | | 126,932 | | | | | | 1,104,357 | | | | | | 134,482 |
Class S | | | | | 392,263 | | | | | | 29,304 | | | | | | 341,881 | | | | | | 30,457 |
Class S2 | | | | | 45,716 | | | | | | 15,084 | | | | | | 115,245 | | | | | | 7,321 |
Transfer agent fees | | | | | 1,088 | | | | | | 616 | | | | | | 1,225 | | | | | | 807 |
Shareholder reporting expense | | | | | 15,062 | | | | | | 9,029 | | | | | | 14,510 | | | | | | 11,033 |
Professional fees | | | | | 46,495 | | | | | | 32,562 | | | | | | 90,154 | | | | | | 43,824 |
Custody and accounting expense | | | | | 34,950 | | | | | | 19,984 | | | | | | 65,169 | | | | | | 24,560 |
Directors fees | | | | | 18,745 | | | | | | 11,352 | | | | | | 34,980 | | | | | | 14,904 |
Miscellaneous expense | | | | | 24,025 | | | | | | 16,580 | | | | | | 32,679 | | | | | | 17,567 |
Interest expense | | | | | 302 | | | | | | 91 | | | | | | 420 | | | | | | 365 |
Total expenses | | | | | 2,194,605 | | | | | | 924,158 | | | | | | 3,804,530 | | | | | | 1,106,684 |
Waived and reimbursed fees | | | | | (640,685) | | | | | | (645,950) | | | | | | (1,334,678) | | | | | | (831,721) |
Net expenses | | | | | 1,553,920 | | | | | | 278,208 | | | | | | 2,469,852 | | | | | | 274,963 |
Net investment income | | | | | 9,319,936 | | | | | | 6,285,465 | | | | | | 17,418,491 | | | | | | 8,276,283 |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 1,203,907 | | | | | | 2,108,924 | | | | | | 12,732,763 | | | | | | 5,071,315 |
Sale of unaffiliated underlying funds | | | | | (295,278) | | | | | | 407,882 | | | | | | 614,885 | | | | | | 474,124 |
Capital gain distributions from affiliated underlying funds | | | | | 6,321,836 | | | | | | 5,048,128 | | | | | | 20,094,948 | | | | | | 9,846,163 |
Foreign currency related transactions | | | | | (3,446) | | | | | | (2,717) | | | | | | (7,178) | | | | | | (3,779) |
Futures | | | | | (698,494) | | | | | | (353,015) | | | | | | (1,315,755) | | | | | | (269,181) |
Net realized gain | | | | | 6,528,525 | | | | | | 7,209,202 | | | | | | 32,119,663 | | | | | | 15,118,642 |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (27,496,109) | | | | | | (22,776,124) | | | | | | (87,771,921) | | | | | | (45,763,931) |
Unaffiliated underlying funds | | | | | (3,492,672) | | | | | | (2,861,186) | | | | | | (7,119,722) | | | | | | (3,146,601) |
Foreign currency related transactions | | | | | (719) | | | | | | (340) | | | | | | (1,209) | | | | | | (395) |
Futures | | | | | 631,799 | | | | | | 371,876 | | | | | | 673,394 | | | | | | 171,344 |
Net change in unrealized appreciation (depreciation) | | | | | (30,357,701) | | | | | | (25,265,774) | | | | | | (94,219,458) | | | | | | (48,739,583) |
Net realized and unrealized loss | | | | | (23,829,176) | | | | | | (18,056,572) | | | | | | (62,099,795) | | | | | | (33,620,941) |
Decrease in net assets resulting from operations | | | | $ | (14,509,240) | | | | | $ | (11,771,107) | | | | | $ | (44,681,304) | | | | | $ | (25,344,658) |
|
| | | Voya Index Solution 2035 Portfolio | | | Voya Index Solution 2040 Portfolio | | | Voya Index Solution 2045 Portfolio | | | Voya Index Solution 2050 Portfolio | |||||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | | | | | |
Interest | | | | $ | 13,274 | | | | | $ | 3,279 | | | | | $ | 10,814 | | | | | $ | 2,786 |
Dividends from affiliated underlying funds | | | | | 14,855,982 | | | | | | 4,822,351 | | | | | | 10,334,540 | | | | | | 3,221,440 |
Dividends from unaffiliated underlying funds | | | | | 2,706,454 | | | | | | 695,012 | | | | | | 915,976 | | | | | | 151,263 |
Total investment income | | | | | 17,575,710 | | | | | | 5,520,642 | | | | | | 11,261,330 | | | | | | 3,375,489 |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | |
Investment management fees | | | | | 1,762,098 | | | | | | 540,192 | | | | | | 1,148,210 | | | | | | 329,373 |
Distribution and shareholder service fees: | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | 1,020,451 | | | | | | 75,479 | | | | | | 714,183 | | | | | | 53,506 |
Class S | | | | | 273,717 | | | | | | 21,993 | | | | | | 191,739 | | | | | | 21,110 |
Class S2 | | | | | 127,652 | | | | | | 7,252 | | | | | | 67,864 | | | | | | 8,114 |
Transfer agent fees | | | | | 1,396 | | | | | | 628 | | | | | | 970 | | | | | | 636 |
Shareholder reporting expense | | | | | 16,326 | | | | | | 8,578 | | | | | | 13,753 | | | | | | 11,512 |
Professional fees | | | | | 82,620 | | | | | | 28,215 | | | | | | 50,964 | | | | | | 20,231 |
Custody and accounting expense | | | | | 55,720 | | | | | | 17,883 | | | | | | 37,085 | | | | | | 15,281 |
Directors fees | | | | | 31,961 | | | | | | 9,954 | | | | | | 21,621 | | | | | | 6,322 |
Miscellaneous expense | | | | | 28,302 | | | | | | 12,399 | | | | | | 22,548 | | | | | | 13,412 |
Interest expense | | | | | 681 | | | | | | 93 | | | | | | 603 | | | | | | 116 |
Total expenses | | | | | 3,400,924 | | | | | | 722,666 | | | | | | 2,269,540 | | | | | | 479,613 |
Waived and reimbursed fees | | | | | (1,157,402) | | | | | | (551,552) | | | | | | (661,053) | | | | | | (336,248) |
Net expenses | | | | | 2,243,522 | | | | | | 171,114 | | | | | | 1,608,487 | | | | | | 143,365 |
Net investment income | | | | | 15,332,188 | | | | | | 5,349,528 | | | | | | 9,652,843 | | | | | | 3,232,124 |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 11,451,737 | | | | | | 4,005,322 | | | | | | 9,062,919 | | | | | | 2,387,898 |
Sale of unaffiliated underlying funds | | | | | 268,990 | | | | | | 303,143 | | | | | | 1,090,640 | | | | | | 272,701 |
Capital gain distributions from affiliated underlying funds | | | | | 24,052,594 | | | | | | 8,180,711 | | | | | | 18,891,132 | | | | | | 5,582,323 |
Foreign currency related transactions | | | | | (7,145) | | | | | | (2,813) | | | | | | (4,726) | | | | | | (1,561) |
Futures | | | | | (775,337) | | | | | | (187,951) | | | | | | (823,999) | | | | | | (224,253) |
Net realized gain | | | | | 34,990,839 | | | | | | 12,298,412 | | | | | | 28,215,966 | | | | | | 8,017,108 |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (102,345,585) | | | | | | (37,994,539) | | | | | | (80,843,777) | | | | | | (26,599,312) |
Unaffiliated underlying funds | | | | | (5,416,902) | | | | | | (1,872,294) | | | | | | (3,634,355) | | | | | | (925,498) |
Foreign currency related transactions | | | | | (1,083) | | | | | | (253) | | | | | | (719) | | | | | | (142) |
Futures | | | | | 317,365 | | | | | | 115,163 | | | | | | 8,970 | | | | | | 17,997 |
Net change in unrealized appreciation (depreciation) | | | | | (107,446,205) | | | | | | (39,751,923) | | | | | | (84,469,881) | | | | | | (27,506,955) |
Net realized and unrealized loss | | | | | (72,455,366) | | | | | | (27,453,511) | | | | | | (56,253,915) | | | | | | (19,489,847) |
Decrease in net assets resulting from operations | | | | $ | (57,123,178) | | | | | $ | (22,103,983) | | | | | $ | (46,601,072) | | | | | $ | (16,257,723) |
|
| | | Voya Index Solution 2055 Portfolio | | | Voya Index Solution 2060 Portfolio | | ||||||
INVESTMENT INCOME: | | | | | | | | | | | | | |
Interest | | | | $ | 1,544 | | | | | $ | 144 | | |
Dividends from affiliated underlying funds | | | | | 4,120,390 | | | | | | 782,758 | | |
Dividends from unaffiliated underlying funds | | | | | 199,560 | | | | | | 41,195 | | |
Total investment income | | | | | 4,321,494 | | | | | | 824,097 | | |
EXPENSES: | | | | | | | | | | | | | |
Investment management fees | | | | | 433,971 | | | | | | 77,115 | | |
Distribution and shareholder service fees: | | | | | | | | | | | | | |
Class ADV | | | | | 269,827 | | | | | | 28,462 | | |
Class S | | | | | 72,948 | | | | | | 6,974 | | |
Class S2 | | | | | 34,365 | | | | | | 2,945 | | |
Transfer agent fees | | | | | 628 | | | | | | 388 | | |
Shareholder reporting expense | | | | | 12,285 | | | | | | 7,565 | | |
Professional fees | | | | | 25,645 | | | | | | 11,279 | | |
Custody and accounting expense | | | | | 20,963 | | | | | | 5,991 | | |
Directors fees | | | | | 8,317 | | | | | | 1,468 | | |
Miscellaneous expense | | | | | 16,088 | | | | | | 10,575 | | |
Interest expense | | | | | 276 | | | | | | 16 | | |
Total expenses | | | | | 895,313 | | | | | | 152,778 | | |
Waived and reimbursed fees | | | | | (254,083) | | | | | | (88,317) | | |
Net expenses | | | | | 641,230 | | | | | | 64,461 | | |
Net investment income | | | | | 3,680,264 | | | | | | 759,636 | | |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | |
Sale of affiliated underlying funds | | | | | 4,199,619 | | | | | | 389,734 | | |
Sale of unaffiliated underlying funds | | | | | 408,562 | | | | | | 45,882 | | |
Capital gain distributions from affiliated underlying funds | | | | | 7,272,893 | | | | | | 1,283,568 | | |
Foreign currency related transactions | | | | | (2,059) | | | | | | — | | |
Futures | | | | | (312,392) | | | | | | — | | |
Net realized gain | | | | | 11,566,623 | | | | | | 1,719,184 | | |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | |
Affiliated underlying funds | | | | | (33,985,542) | | | | | | (6,494,283) | | |
Unaffiliated underlying funds | | | | | (1,220,578) | | | | | | (218,967) | | |
Foreign currency related transactions | | | | | (253) | | | | | | — | | |
Futures | | | | | 312 | | | | | | — | | |
Net change in unrealized appreciation (depreciation) | | | | | (35,206,061) | | | | | | (6,713,250) | | |
Net realized and unrealized loss | | | | | (23,639,438) | | | | | | (4,994,066) | | |
Decrease in net assets resulting from operations | | | | $ | (19,959,174) | | | | | $ | (4,234,430) | | |
|
| | | Voya Index Solution Income Portfolio | | | Voya Index Solution 2020 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 9,319,936 | | | | | $ | 8,897,828 | | | | | $ | 6,285,465 | | | | | $ | 3,941,593 | | |
Net realized gain | | | | | 6,528,525 | | | | | | 9,942,100 | | | | | | 7,209,202 | | | | | | 7,287,879 | | |
Net change in unrealized appreciation (depreciation) | | | | | (30,357,701) | | | | | | 20,047,625 | | | | | | (25,265,774) | | | | | | 9,214,904 | | |
Increase (decrease) in net assets resulting from operations | | | | | (14,509,240) | | | | | | 38,887,553 | | | | | | (11,771,107) | | | | | | 20,444,376 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (3,141,436) | | | | | | (2,350,443) | | | | | | (956,903) | | | | | | (228,296) | | |
Class I | | | | | (800,450) | | | | | | (581,105) | | | | | | (286,342) | | | | | | (58,524) | | |
Class S | | | | | (5,392,426) | | | | | | (3,924,123) | | | | | | (423,433) | | | | | | (131,810) | | |
Class S2 | | | | | (383,617) | | | | | | (288,562) | | | | | | (122,211) | | | | | | (56,077) | | |
Class Z | | | | | (6,821,212) | | | | | | (3,295,965) | | | | | | (9,630,042) | | | | | | (2,286,394) | | |
Total distributions | | | | | (16,539,141) | | | | | | (10,440,198) | | | | | | (11,418,931) | | | | | | (2,761,101) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 75,068,904 | | | | | | 136,554,617 | | | | | | 110,461,933 | | | | | | 150,367,287 | | |
Reinvestment of distributions | | | | | 16,539,141 | | | | | | 10,440,198 | | | | | | 11,418,931 | | | | | | 2,761,101 | | |
| | | | | 91,608,045 | | | | | | 146,994,815 | | | | | | 121,880,864 | | | | | | 153,128,388 | | |
Cost of shares redeemed | | | | | (100,347,966) | | | | | | (99,723,825) | | | | | | (44,434,515) | | | | | | (27,269,884) | | |
Net increase (decrease) in net assets resulting from capital share transactions | | | | | (8,739,921) | | | | | | 47,270,990 | | | | | | 77,446,349 | | | | | | 125,858,504 | | |
Net increase (decrease) in net assets | | | | | (39,788,302) | | | | | | 75,718,345 | | | | | | 54,256,311 | | | | | | 143,541,779 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 484,274,773 | | | | | | 408,556,428 | | | | | | 246,189,810 | | | | | | 102,648,031 | | |
End of year or period | | | | $ | 444,486,471 | | | | | $ | 484,274,773 | | | | | $ | 300,446,121 | | | | | $ | 246,189,810 | | |
| | | Voya Index Solution 2025 Portfolio | | | Voya Index Solution 2030 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 17,418,491 | | | | | $ | 13,117,862 | | | | | $ | 8,276,283 | | | | | $ | 4,511,408 | | |
Net realized gain | | | | | 32,119,663 | | | | | | 20,408,838 | | | | | | 15,118,642 | | | | | | 8,854,000 | | |
Net change in unrealized appreciation (depreciation) | | | | | (94,219,458) | | | | | | 63,446,810 | | | | | | (48,739,583) | | | | | | 17,738,697 | | |
Increase (decrease) in net assets resulting from operations | | | | | (44,681,304) | | | | | | 96,973,510 | | | | | | (25,344,658) | | | | | | 31,104,105 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (7,866,273) | | | | | | (7,437,183) | | | | | | (919,660) | | | | | | (166,649) | | |
Class I | | | | | (2,326,597) | | | | | | (2,066,567) | | | | | | (221,300) | | | | | | (32,270) | | |
Class S | | | | | (5,065,217) | | | | | | (5,170,966) | | | | | | (396,823) | | | | | | (101,132) | | |
Class S2 | | | | | (971,219) | | | | | | (1,187,624) | | | | | | (48,650) | | | | | | (17,702) | | |
Class Z | | | | | (17,452,190) | | | | | | (9,865,461) | | | | | | (11,687,273) | | | | | | (1,993,970) | | |
Total distributions | | | | | (33,681,496) | | | | | | (25,727,801) | | | | | | (13,273,706) | | | | | | (2,311,723) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 185,108,981 | | | | | | 289,306,555 | | | | | | 147,534,189 | | | | | | 197,102,941 | | |
Reinvestment of distributions | | | | | 33,681,496 | | | | | | 25,727,801 | | | | | | 13,273,706 | | | | | | 2,311,723 | | |
| | | | | 218,790,477 | | | | | | 315,034,356 | | | | | | 160,807,895 | | | | | | 199,414,664 | | |
Cost of shares redeemed | | | | | (137,799,543) | | | | | | (124,768,106) | | | | | | (34,347,759) | | | | | | (14,459,624) | | |
Net increase in net assets resulting from capital share transactions | | | | | 80,990,934 | | | | | | 190,266,250 | | | | | | 126,460,136 | | | | | | 184,955,040 | | |
Net increase in net assets | | | | | 2,628,134 | | | | | | 261,511,959 | | | | | | 87,841,772 | | | | | | 213,747,422 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 849,316,330 | | | | | | 587,804,371 | | | | | | 307,340,731 | | | | | | 93,593,309 | | |
End of year or period | | | | $ | 851,944,464 | | | | | $ | 849,316,330 | | | | | $ | 395,182,503 | | | | | $ | 307,340,731 | | |
| | | Voya Index Solution 2035 Portfolio | | | Voya Index Solution 2040 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 15,332,188 | | | | | $ | 11,104,333 | | | | | $ | 5,349,528 | | | | | $ | 2,607,506 | | |
Net realized gain | | | | | 34,990,839 | | | | | | 20,214,786 | | | | | | 12,298,412 | | | | | | 5,943,881 | | |
Net change in unrealized appreciation (depreciation) | | | | | (107,446,205) | | | | | | 74,258,729 | | | | | | (39,751,923) | | | | | | 13,187,287 | | |
Increase (decrease) in net assets resulting from operations | | | | | (57,123,178) | | | | | | 105,577,848 | | | | | | (22,103,983) | | | | | | 21,738,674 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (7,461,570) | | | | | | (7,751,266) | | | | | | (505,650) | | | | | | (89,221) | | |
Class I | | | | | (2,310,284) | | | | | | (2,101,828) | | | | | | (116,176) | | | | | | (13,613) | | |
Class S | | | | | (4,099,685) | | | | | | (4,705,487) | | | | | | (271,036) | | | | | | (77,007) | | |
Class S2 | | | | | (1,112,359) | | | | | | (1,361,732) | | | | | | (56,322) | | | | | | (14,469) | | |
Class Z | | | | | (16,743,315) | | | | | | (9,635,664) | | | | | | (7,459,687) | | | | | | (1,319,336) | | |
Total distributions | | | | | (31,727,213) | | | | | | (25,555,977) | | | | | | (8,408,871) | | | | | | (1,513,646) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 190,382,506 | | | | | | 257,784,831 | | | | | | 122,526,046 | | | | | | 121,463,332 | | |
Reinvestment of distributions | | | | | 31,727,213 | | | | | | 25,555,977 | | | | | | 8,408,871 | | | | | | 1,513,646 | | |
| | | | | 222,109,719 | | | | | | 283,340,808 | | | | | | 130,934,917 | | | | | | 122,976,978 | | |
Cost of shares redeemed | | | | | (122,752,480) | | | | | | (106,802,110) | | | | | | (21,228,147) | | | | | | (9,610,654) | | |
Net increase in net assets resulting from capital share transactions | | | | | 99,357,239 | | | | | | 176,538,698 | | | | | | 109,706,770 | | | | | | 113,366,324 | | |
Net increase in net assets | | | | | 10,506,848 | | | | | | 256,560,569 | | | | | | 79,193,916 | | | | | | 133,591,352 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 759,653,753 | | | | | | 503,093,184 | | | | | | 193,313,246 | | | | | | 59,721,894 | | |
End of year or period | | | | $ | 770,160,601 | | | | | $ | 759,653,753 | | | | | $ | 272,507,162 | | | | | $ | 193,313,246 | | |
| | | Voya Index Solution 2045 Portfolio | | | Voya Index Solution 2050 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | ||||||||||||||||||||
Net investment income | | | | $ | 9,652,843 | | | | | $ | 6,617,651 | | | | | $ | 3,232,124 | | | | | $ | 1,427,980 | | |
Net realized gain | | | | | 28,215,966 | | | | | | 14,527,546 | | | | | | 8,017,108 | | | | | | 3,691,780 | | |
Net change in unrealized appreciation (depreciation) | | | | | (84,469,881) | | | | | | 54,948,335 | | | | | | (27,506,955) | | | | | | 8,097,748 | | |
Increase (decrease) in net assets resulting from operations | | | | | (46,601,072) | | | | | | 76,093,532 | | | | | | (16,257,723) | | | | | | 13,217,508 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | ||||||||||||||||||||
Class ADV | | | | | (5,250,526) | | | | | | (5,538,963) | | | | | | (337,544) | | | | | | (48,761) | | |
Class I | | | | | (1,842,140) | | | | | | (1,765,007) | | | | | | (115,790) | | | | | | (17,786) | | |
Class S | | | | | (2,853,544) | | | | | | (3,403,451) | | | | | | (243,786) | | | | | | (60,144) | | |
Class S2 | | | | | (582,513) | | | | | | (765,452) | | | | | | (56,506) | | | | | | (12,318) | | |
Class Z | | | | | (10,755,975) | | | | | | (6,114,153) | | | | | | (4,286,340) | | | | | | (628,184) | | |
Total distributions | | | | | (21,284,698) | | | | | | (17,587,026) | | | | | | (5,039,966) | | | | | | (767,193) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | ||||||||||||||||||||
Net proceeds from sale of shares | | | | | 140,674,726 | | | | | | 178,815,777 | | | | | | 87,393,326 | | | | | | 81,323,898 | | |
Reinvestment of distributions | | | | | 21,284,698 | | | | | | 17,587,026 | | | | | | 5,039,966 | | | | | | 767,193 | | |
| | | | | 161,959,424 | | | | | | 196,402,803 | | | | | | 92,433,292 | | | | | | 82,091,091 | | |
Cost of shares redeemed | | | | | (84,342,501) | | | | | | (73,346,963) | | | | | | (11,291,117) | | | | | | (6,420,512) | | |
Net increase in net assets resulting from capital share transactions | | | | | 77,616,923 | | | | | | 123,055,840 | | | | | | 81,142,175 | | | | | | 75,670,579 | | |
Net increase in net assets | | | | | 9,731,153 | | | | | | 181,562,346 | | | | | | 59,844,486 | | | | | | 88,120,894 | | |
NET ASSETS: | | | | | | ||||||||||||||||||||
Beginning of year or period | | | | | 511,303,009 | | | | | | 329,740,663 | | | | | | 118,200,880 | | | | | | 30,079,986 | | |
End of year or period | | | | $ | 521,034,162 | | | | | $ | 511,303,009 | | | | | $ | 178,045,366 | | | | | $ | 118,200,880 | | |
| | | Voya Index Solution 2055 Portfolio | | | Voya Index Solution 2060 Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 3,680,264 | | | | | $ | 2,189,536 | | | | | $ | 759,636 | | | | | $ | 279,499 | | |
Net realized gain | | | | | 11,566,623 | | | | | | 4,635,000 | | | | | | 1,719,184 | | | | | | 1,040,146 | | |
Net change in unrealized appreciation (depreciation) | | | | | (35,206,061) | | | | | | 19,173,135 | | | | | | (6,713,250) | | | | | | 1,414,246 | | |
Increase (decrease) in net assets resulting from operations | | | | | (19,959,174) | | | | | | 25,997,671 | | | | | | (4,234,430) | | | | | | 2,733,891 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital):(1) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (1,669,989) | | | | | | (1,493,599) | | | | | | (193,157) | | | | | | (33,646) | | |
Class I | | | | | (712,946) | | | | | | (429,094) | | | | | | (80,758) | | | | | | (6,165) | | |
Class S | | | | | (943,356) | | | | | | (970,592) | | | | | | (96,290) | | | | | | (23,655) | | |
Class S2 | | | | | (237,947) | | | | | | (273,267) | | | | | | (19,991) | | | | | | (7,953) | | |
Class Z | | | | | (3,421,598) | | | | | | (1,614,956) | | | | | | (916,901) | | | | | | (117,236) | | |
Total distributions | | | | | (6,985,836) | | | | | | (4,781,508) | | | | | | (1,307,097) | | | | | | (188,655) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 84,132,987 | | | | | | 79,552,695 | | | | | | 31,183,132 | | | | | | 20,015,383 | | |
Reinvestment of distributions | | | | | 6,985,836 | | | | | | 4,781,508 | | | | | | 1,307,097 | | | | | | 188,655 | | |
| | | | | 91,118,823 | | | | | | 84,334,203 | | | | | | 32,490,229 | | | | | | 20,204,038 | | |
Cost of shares redeemed | | | | | (30,010,200) | | | | | | (26,820,730) | | | | | | (5,603,938) | | | | | | (4,170,959) | | |
Net increase in net assets resulting from capital share transactions | | | | | 61,108,623 | | | | | | 57,513,473 | | | | | | 26,886,291 | | | | | | 16,033,079 | | |
Net increase in net assets | | | | | 34,163,613 | | | | | | 78,729,636 | | | | | | 21,344,764 | | | | | | 18,578,315 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 180,454,994 | | | | | | 101,725,358 | | | | | | 24,483,514 | | | | | | 5,905,199 | | |
End of year or period | | | | $ | 214,618,607 | | | | | $ | 180,454,994 | | | | | $ | 45,828,278 | | | | | $ | 24,483,514 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution Income Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.34 | | | | | | 0.16• | | | | | | (0.51) | | | | | | (0.35) | | | | | | 0.17 | | | | | | 0.16 | | | | | | — | | | | | | 0.33 | | | | | | — | | | | | | 9.66 | | | | | | (3.50) | | | | | | 0.77 | | | | | | 0.71 | | | | | | 0.71 | | | | | | 1.59 | | | | | | 87,697 | | | | | | 38 | | |
12-31-17 | | | | | 9.71 | | | | | | 0.16• | | | | | | 0.68 | | | | | | 0.84 | | | | | | 0.16 | | | | | | 0.05 | | | | | | — | | | | | | 0.21 | | | | | | — | | | | | | 10.34 | | | | | | 8.69 | | | | | | 0.76 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.64 | | | | | | 110,507 | | | | | | 32 | | |
12-31-16 | | | | | 9.55 | | | | | | 0.18• | | | | | | 0.27 | | | | | | 0.45 | | | | | | 0.15 | | | | | | 0.14 | | | | | | — | | | | | | 0.29 | | | | | | — | | | | | | 9.71 | | | | | | 4.71 | | | | | | 0.77 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.82 | | | | | | 119,455 | | | | | | 45 | | |
12-31-15 | | | | | 10.53 | | | | | | 0.21• | | | | | | (0.33) | | | | | | (0.12) | | | | | | 0.19 | | | | | | 0.67 | | | | | | — | | | | | | 0.86 | | | | | | — | | | | | | 9.55 | | | | | | (1.37) | | | | | | 0.77 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 2.17 | | | | | | 134,515 | | | | | | 34 | | |
12-31-14 | | | | | 10.73 | | | | | | 0.17 | | | | | | 0.43 | | | | | | 0.60 | | | | | | 0.23 | | | | | | 0.57 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 10.53 | | | | | | 5.68 | | | | | | 0.78 | | | | | | 0.62 | | | | | �� | 0.62 | | | | | | 1.50 | | | | | | 37,651 | | | | | | 23 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.62 | | | | | | 0.23 | | | | | | (0.54) | | | | | | (0.31) | | | | | | 0.23 | | | | | | 0.16 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 9.92 | | | | | | (3.04) | | | | | | 0.27 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 2.11 | | | | | | 21,140 | | | | | | 38 | | |
12-31-17 | | | | | 9.96 | | | | | | 0.22• | | | | | | 0.71 | | | | | | 0.93 | | | | | | 0.22 | | | | | | 0.05 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 10.62 | | | | | | 9.36 | | | | | | 0.26 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 2.11 | | | | | | 22,916 | | | | | | 32 | | |
12-31-16 | | | | | 9.77 | | | | | | 0.23• | | | | | | 0.28 | | | | | | 0.51 | | | | | | 0.18 | | | | | | 0.14 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 9.96 | | | | | | 5.23 | | | | | | 0.27 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.33 | | | | | | 29,545 | | | | | | 45 | | |
12-31-15 | | | | | 10.76 | | | | | | 0.28• | | | | | | (0.36) | | | | | | (0.08) | | | | | | 0.24 | | | | | | 0.67 | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 9.77 | | | | | | (0.91) | | | | | | 0.27 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.84 | | | | | | 30,873 | | | | | | 34 | | |
12-31-14 | | | | | 10.94 | | | | | | 0.22• | | | | | | 0.45 | | | | | | 0.67 | | | | | | 0.28 | | | | | | 0.57 | | | | | | — | | | | | | 0.85 | | | | | | — | | | | | | 10.76 | | | | | | 6.23 | | | | | | 0.28 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.00 | | | | | | 5,042 | | | | | | 23 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.51 | | | | | | 0.19• | | | | | | (0.52) | | | | | | (0.33) | | | | | | 0.20 | | | | | | 0.16 | | | | | | — | | | | | | 0.36 | | | | | | — | | | | | | 9.82 | | | | | | (3.25) | | | | | | 0.52 | | | | | | 0.46 | | | | | | 0.46 | | | | | | 1.84 | | | | | | 140,647 | | | | | | 38 | | |
12-31-17 | | | | | 9.86 | | | | | | 0.19• | | | | | | 0.70 | | | | | | 0.89 | | | | | | 0.19 | | | | | | 0.05 | | | | | | — | | | | | | 0.24 | | | | | | — | | | | | | 10.51 | | | | | | 9.06 | | | | | | 0.51 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.89 | | | | | | 168,730 | | | | | | 32 | | |
12-31-16 | | | | | 9.68 | | | | | | 0.20• | | | | | | 0.28 | | | | | | 0.48 | | | | | | 0.16 | | | | | | 0.14 | | | | | | — | | | | | | 0.30 | | | | | | — | | | | | | 9.86 | | | | | | 4.95 | | | | | | 0.52 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 2.05 | | | | | | 174,891 | | | | | | 45 | | |
12-31-15 | | | | | 10.66 | | | | | | 0.23• | | | | | | (0.33) | | | | | | (0.10) | | | | | | 0.21 | | | | | | 0.67 | | | | | | — | | | | | | 0.88 | | | | | | — | | | | | | 9.68 | | | | | | (1.11) | | | | | | 0.52 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 2.24 | | | | | | 199,999 | | | | | | 34 | | |
12-31-14 | | | | | 10.85 | | | | | | 0.19• | | | | | | 0.44 | | | | | | 0.63 | | | | | | 0.25 | | | | | | 0.57 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 10.66 | | | | | | 5.90 | | | | | | 0.53 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 1.73 | | | | | | 124,505 | | | | | | 23 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.29 | | | | | | 0.19• | | | | | | (0.52) | | | | | | (0.33) | | | | | | 0.19 | | | | | | 0.16 | | | | | | — | | | | | | 0.35 | | | | | | — | | | | | | 9.61 | | | | | | (3.39) | | | | | | 0.67 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.85 | | | | | | 16,240 | | | | | | 38 | | |
12-31-17 | | | | | 9.66 | | | | | | 0.18• | | | | | | 0.68 | | | | | | 0.86 | | | | | | 0.18 | | | | | | 0.05 | | | | | | — | | | | | | 0.23 | | | | | | — | | | | | | 10.29 | | | | | | 8.89 | | | | | | 0.66 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.75 | | | | | | 12,928 | | | | | | 32 | | |
12-31-16 | | | | | 9.50 | | | | | | 0.19• | | | | | | 0.27 | | | | | | 0.46 | | | | | | 0.16 | | | | | | 0.14 | | | | | | — | | | | | | 0.30 | | | | | | — | | | | | | 9.66 | | | | | | 4.79 | | | | | | 0.70 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.98 | | | | | | 13,809 | | | | | | 45 | | |
12-31-15 | | | | | 10.46 | | | | | | 0.22• | | | | | | (0.33) | | | | | | (0.11) | | | | | | 0.18 | | | | | | 0.67 | | | | | | — | | | | | | 0.85 | | | | | | — | | | | | | 9.50 | | | | | | (1.25) | | | | | | 0.77 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 2.28 | | | | | | 14,859 | | | | | | 34 | | |
12-31-14 | | | | | 10.66 | | | | | | 0.17• | | | | | | 0.43 | | | | | | 0.60 | | | | | | 0.23 | | | | | | 0.57 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 10.46 | | | | | | 5.78 | | | | | | 0.78 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.56 | | | | | | 4,595 | | | | | | 23 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.67 | | | | | | 0.24• | | | | | | (0.53) | | | | | | (0.29) | | | | | | 0.23 | | | | | | 0.16 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 9.99 | | | | | | (2.83) | | | | | | 0.27 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.33 | | | | | | 178,763 | | | | | | 38 | | |
12-31-17 | | | | | 9.99 | | | | | | 0.25• | | | | | | 0.70 | | | | | | 0.95 | | | | | | 0.22 | | | | | | 0.05 | | | | | | — | | | | | | 0.27 | | | | | | — | | | | | | 10.67 | | | | | | 9.54 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.45 | | | | | | 169,194 | | | | | | 32 | | |
12-31-16 | | | | | 9.79 | | | | | | 0.32• | | | | | | 0.20 | | | | | | 0.52 | | | | | | 0.18 | | | | | | 0.14 | | | | | | — | | | | | | 0.32 | | | | | | — | | | | | | 9.99 | | | | | | 5.32 | | | | | | 0.27 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.20 | | | | | | 70,857 | | | | | | 45 | | |
05-01-15(5) - 12-31-15 | | | | | 11.02 | | | | | | 0.58• | | | | | | (0.90) | | | | | | (0.32) | | | | | | 0.24 | | | | | | 0.67 | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 9.79 | | | | | | (3.06) | | | | | | 0.28 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 9.14 | | | | | | 1,635 | | | | | | 34 | | |
Voya Index Solution 2020 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.27 | | | | | | 0.21• | | | | | | (0.77) | | | | | | (0.56) | | | | | | 0.15 | | | | | | 0.34 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 12.22 | | | | | | (4.42) | | | | | | 0.77 | | | | | | 0.71 | | | | | | 0.71 | | | | | | 1.59 | | | | | | 24,850 | | | | | | 44 | | |
12-31-17 | | | | | 12.02 | | | | | | 0.20• | | | | | | 1.21 | | | | | | 1.41 | | | | | | 0.06 | | | | | | 0.10 | | | | | | — | | | | | | 0.16 | | | | | | — | | | | | | 13.27 | | | | | | 11.78 | | | | | | 0.77 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.58 | | | | | | 21,918 | | | | | | 42 | | |
12-31-16 | | | | | 11.37 | | | | | | 0.24• | | | | | | 0.43 | | | | | | 0.67 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 12.02 | | | | | | 5.90 | | | | | | 0.82 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 2.07 | | | | | | 13,619 | | | | | | 75 | | |
12-31-15 | | | | | 11.82 | | | | | | 0.46• | | | | | | (0.46) | | | | | | 0.00* | | | | | | 0.15 | | | | | | 0.30 | | | | | | — | | | | | | 0.45 | | | | | | — | | | | | | 11.37 | | | | | | 0.00 | | | | | | 2.22 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 4.05 | | | | | | 4,703 | | | | | | 108 | | |
12-31-14 | | | | | 12.11 | | | | | | 0.15 | | | | | | 0.47 | | | | | | 0.62 | | | | | | 0.23 | | | | | | 0.68 | | | | | | — | | | | | | 0.91 | | | | | | — | | | | | | 11.82 | | | | | | 5.27 | | | | | | 71.22 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.31 | | | | | | 4 | | | | | | 23 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2020 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.59 | | | | | | 0.28• | | | | | | (0.79) | | | | | | (0.51) | | | | | | 0.20 | | | | | | 0.34 | | | | | | — | | | | | | 0.54 | | | | | | — | | | | | | 12.54 | | | | | | (3.98) | | | | | | 0.27 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 2.10 | | | | | | 7,471 | | | | | | 44 | | |
12-31-17 | | | | | 12.27 | | | | | | 0.28• | | | | | | 1.23 | | | | | | 1.51 | | | | | | 0.09 | | | | | | 0.10 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 13.59 | | | | | | 12.42 | | | | | | 0.27 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 2.12 | | | | | | 5,360 | | | | | | 42 | | |
12-31-16 | | | | | 11.55 | | | | | | 0.37• | | | | | | 0.38 | | | | | | 0.75 | | | | | | 0.02 | | | | | | 0.01 | | | | | | — | | | | | | 0.03 | | | | | | — | | | | | | 12.27 | | | | | | 6.45 | | | | | | 0.32 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 3.05 | | | | | | 3,539 | | | | | | 75 | | |
12-31-15 | | | | | 11.91 | | | | | | 0.34• | | | | | | (0.33) | | | | | | 0.01 | | | | | | 0.07 | | | | | | 0.30 | | | | | | — | | | | | | 0.37 | | | | | | — | | | | | | 11.55 | | | | | | 0.04 | | | | | | 1.72 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.98 | | | | | | 311 | | | | | | 108 | | |
12-31-14 | | | | | 12.18 | | | | | | 0.21 | | | | | | 0.49 | | | | | | 0.70 | | | | | | 0.29 | | | | | | 0.68 | | | | | | — | | | | | | 0.97 | | | | | | — | | | | | | 11.91 | | | | | | 5.86 | | | | | | 70.72 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.82 | | | | | | 4 | | | | | | 23 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.54 | | | | | | 0.24 | | | | | | (0.77) | | | | | | (0.53) | | | | | | 0.17 | | | | | | 0.34 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 12.50 | | | | | | (4.13) | | | | | | 0.52 | | | | | | 0.46 | | | | | | 0.46 | | | | | | 1.83 | | | | | | 11,578 | | | | | | 44 | | |
12-31-17 | | | | | 12.25 | | | | | | 0.23• | | | | | | 1.24 | | | | | | 1.47 | | | | | | 0.08 | | | | | | 0.10 | | | | | | — | | | | | | 0.18 | | | | | | — | | | | | | 13.54 | | | | | | 12.06 | | | | | | 0.52 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.80 | | | | | | 12,049 | | | | | | 42 | | |
12-31-16 | | | | | 11.55 | | | | | | 0.30• | | | | | | 0.43 | | | | | | 0.73 | | | | | | 0.02 | | | | | | 0.01 | | | | | | — | | | | | | 0.03 | | | | | | — | | | | | | 12.25 | | | | | | 6.26 | | | | | | 0.57 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 2.53 | | | | | | 8,811 | | | | | | 75 | | |
12-31-15 | | | | | 11.91 | | | | | | 0.58• | | | | | | (0.59) | | | | | | (0.01) | | | | | | 0.05 | | | | | | 0.30 | | | | | | — | | | | | | 0.35 | | | | | | — | | | | | | 11.55 | | | | | | (0.08) | | | | | | 1.97 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 5.10 | | | | | | 1,084 | | | | | | 108 | | |
12-31-14 | | | | | 12.19 | | | | | | 0.18 | | | | | | 0.48 | | | | | | 0.66 | | | | | | 0.26 | | | | | | 0.68 | | | | | | — | | | | | | 0.94 | | | | | | — | | | | | | 11.91 | | | | | | 5.54 | | | | | | 70.97 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.57 | | | | | | 4 | | | | | | 23 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.46 | | | | | | 0.25• | | | | | | (0.80) | | | | | | (0.55) | | | | | | 0.14 | | | | | | 0.34 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 12.43 | | | | | | (4.29) | | | | | | 0.67 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.88 | | | | | | 5,488 | | | | | | 44 | | |
12-31-17 | | | | | 12.19 | | | | | | 0.20 | | | | | | 1.24 | | | | | | 1.44 | | | | | | 0.07 | | | | | | 0.10 | | | | | | — | | | | | | 0.17 | | | | | | — | | | | | | 13.46 | | | | | | 11.92 | | | | | | 0.67 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.59 | | | | | | 3,783 | | | | | | 42 | | |
12-31-16 | | | | | 11.52 | | | | | | 0.30• | | | | | | 0.39 | | | | | | 0.69 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 12.19 | | | | | | 6.00 | | | | | | 0.75 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 2.54 | | | | | | 3,328 | | | | | | 75 | | |
12-31-15 | | | | | 11.84 | | | | | | 0.46• | | | | | | (0.48) | | | | | | (0.02) | | | | | | 0.00* | | | | | | 0.30 | | | | | | — | | | | | | 0.30 | | | | | | — | | | | | | 11.52 | | | | | | (0.16) | | | | | | 2.22 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 3.99 | | | | | | 367 | | | | | | 108 | | |
12-31-14 | | | | | 12.13 | | | | | | 0.16 | | | | | | 0.48 | | | | | | 0.64 | | | | | | 0.25 | | | | | | 0.68 | | | | | | — | | | | | | 0.93 | | | | | | — | | | | | | 11.84 | | | | | | 5.36 | | | | | | 71.22 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.41 | | | | | | 4 | | | | | | 23 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 13.65 | | | | | | 0.31• | | | | | | (0.79) | | | | | | (0.48) | | | | | | 0.20 | | | | | | 0.34 | | | | | | — | | | | | | 0.54 | | | | | | — | | | | | | 12.63 | | | | | | (3.74) | | | | | | 0.27 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.31 | | | | | | 251,060 | | | | | | 44 | | |
12-31-17 | | | | | 12.30 | | | | | | 0.31• | | | | | | 1.23 | | | | | | 1.54 | | | | | | 0.09 | | | | | | 0.10 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 13.65 | | | | | | 12.63 | | | | | | 0.27 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.35 | | | | | | 203,080 | | | | | | 42 | | |
12-31-16 | | | | | 11.57 | | | | | | 0.41• | | | | | | 0.35 | | | | | | 0.76 | | | | | | 0.02 | | | | | | 0.01 | | | | | | — | | | | | | 0.03 | | | | | | — | | | | | | 12.30 | | | | | | 6.52 | | | | | | 0.32 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.44 | | | | | | 73,350 | | | | | | 75 | | |
05-01-15(5) - 12-31-15 | | | | | 12.30 | | | | | | 0.38• | | | | | | (0.74) | | | | | | (0.36) | | | | | | 0.07 | | | | | | 0.30 | | | | | | — | | | | | | 0.37 | | | | | | — | | | | | | 11.57 | | | | | | (2.97) | | | | | | 1.70 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 4.91 | | | | | | 2,030 | | | | | | 108 | | |
Voya Index Solution 2025 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.94 | | | | | | 0.17• | | | | | | (0.73) | | | | | | (0.56) | | | | | | 0.14 | | | | | | 0.25 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 9.99 | | | | | | (5.37) | | | | | | 0.76 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 1.53 | | | | | | 196,102 | | | | | | 35 | | |
12-31-17 | | | | | 9.89 | | | | | | 0.15• | | | | | | 1.25 | | | | | | 1.40 | | | | | | 0.14 | | | | | | 0.21 | | | | | | — | | | | | | 0.35 | | | | | | — | | | | | | 10.94 | | | | | | 14.32 | | | | | | 0.76 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.44 | | | | | | 232,790 | | | | | | 32 | | |
12-31-16 | | | | | 10.19 | | | | | | 0.19 | | | | | | 0.47 | | | | | | 0.66 | | | | | | 0.21 | | | | | | 0.75 | | | | | | — | | | | | | 0.96 | | | | | | — | | | | | | 9.89 | | | | | | 6.61 | | | | | | 0.77 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.86 | | | | | | 228,234 | | | | | | 44 | | |
12-31-15 | | | | | 11.49 | | | | | | 0.19 | | | | | | (0.36) | | | | | | (0.17) | | | | | | 0.16 | | | | | | 0.97 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 10.19 | | | | | | (1.80) | | | | | | 0.77 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.75 | | | | | | 228,081 | | | | | | 40 | | |
12-31-14 | | | | | 11.63 | | | | | | 0.15 | | | | | | 0.46 | | | | | | 0.61 | | | | | | 0.19 | | | | | | 0.56 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 11.49 | | | | | | 5.41 | | | | | | 0.77 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.29 | | | | | | 242,980 | | | | | | 33 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.21 | | | | | | 0.23 | | | | | | (0.76) | | | | | | (0.53) | | | | | | 0.19 | | | | | | 0.25 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 10.24 | | | | | | (4.94) | | | | | | 0.26 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 2.06 | | | | | | 56,645 | | | | | | 35 | | |
12-31-17 | | | | | 10.13 | | | | | | 0.21• | | | | | | 1.27 | | | | | | 1.48 | | | | | | 0.19 | | | | | | 0.21 | | | | | | — | | | | | | 0.40 | | | | | | — | | | | | | 11.21 | | | | | | 14.84 | | | | | | 0.26 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.94 | | | | | | 60,664 | | | | | | 32 | | |
12-31-16 | | | | | 10.42 | | | | | | 0.25• | | | | | | 0.48 | | | | | | 0.73 | | | | | | 0.27 | | | | | | 0.75 | | | | | | — | | | | | | 1.02 | | | | | | — | | | | | | 10.13 | | | | | | 7.14 | | | | | | 0.27 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.39 | | | | | | 56,555 | | | | | | 44 | | |
12-31-15 | | | | | 11.72 | | | | | | 0.26• | | | | | | (0.37) | | | | | | (0.11) | | | | | | 0.22 | | | | | | 0.97 | | | | | | — | | | | | | 1.19 | | | | | | — | | | | | | 10.42 | | | | | | (1.25) | | | | | | 0.27 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.29 | | | | | | 49,275 | | | | | | 40 | | |
12-31-14 | | | | | 11.84 | | | | | | 0.22• | | | | | | 0.46 | | | | | | 0.68 | | | | | | 0.24 | | | | | | 0.56 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 11.72 | | | | | | 5.95 | | | | | | 0.27 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 1.89 | | | | | | 46,808 | | | | | | 33 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2025 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.09 | | | | | | 0.19• | | | | | | (0.74) | | | | | | (0.55) | | | | | | 0.16 | | | | | | 0.25 | | | | | | — | | | | | | 0.41 | | | | | | — | | | | | | 10.13 | | | | | | (5.17) | | | | | | 0.51 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.78 | | | | | | 120,905 | | | | | | 35 | | |
12-31-17 | | | | | 10.02 | | | | | | 0.18• | | | | | | 1.26 | | | | | | 1.44 | | | | | | 0.16 | | | | | | 0.21 | | | | | | — | | | | | | 0.37 | | | | | | — | | | | | | 11.09 | | | | | | 14.62 | | | | | | 0.51 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.69 | | | | | | 149,827 | | | | | | 32 | | |
12-31-16 | | | | | 10.31 | | | | | | 0.21• | | | | | | 0.48 | | | | | | 0.69 | | | | | | 0.23 | | | | | | 0.75 | | | | | | — | | | | | | 0.98 | | | | | | — | | | | | | 10.02 | | | | | | 6.85 | | | | | | 0.52 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 2.07 | | | | | | 150,126 | | | | | | 44 | | |
12-31-15 | | | | | 11.61 | | | | | | 0.23 | | | | | | (0.36) | | | | | | (0.13) | | | | | | 0.20 | | | | | | 0.97 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 10.31 | | | | | | (1.50) | | | | | | 0.52 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.99 | | | | | | 166,420 | | | | | | 40 | | |
12-31-14 | | | | | 11.74 | | | | | | 0.18 | | | | | | 0.47 | | | | | | 0.65 | | | | | | 0.22 | | | | | | 0.56 | | | | | | — | | | | | | 0.78 | | | | | | — | | | | | | 11.61 | | | | | | 5.67 | | | | | | 0.52 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 1.55 | | | | | | 186,666 | | | | | | 33 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 10.90 | | | | | | 0.17• | | | | | | (0.72) | | | | | | (0.55) | | | | | | 0.14 | | | | | | 0.25 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 9.96 | | | | | | (5.29) | | | | | | 0.66 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.61 | | | | | | 26,038 | | | | | | 35 | | |
12-31-17 | | | | | 9.86 | | | | | | 0.16• | | | | | | 1.24 | | | | | | 1.40 | | | | | | 0.15 | | | | | | 0.21 | | | | | | — | | | | | | 0.36 | | | | | | — | | | | | | 10.90 | | | | | | 14.41 | | | | | | 0.66 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.55 | | | | | | 34,197 | | | | | | 32 | | |
12-31-16 | | | | | 10.16 | | | | | | 0.20• | | | | | | 0.47 | | | | | | 0.67 | | | | | | 0.22 | | | | | | 0.75 | | | | | | — | | | | | | 0.97 | | | | | | — | | | | | | 9.86 | | | | | | 6.72 | | | | | | 0.70 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 2.04 | | | | | | 34,034 | ��� | | | | | 44 | | |
12-31-15 | | | | | 11.44 | | | | | | 0.20• | | | | | | (0.35) | | | | | | (0.15) | | | | | | 0.16 | | | | | | 0.97 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 10.16 | | | | | | (1.63) | | | | | | 0.77 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.83 | | | | | | 34,934 | | | | | | 40 | | |
12-31-14 | | | | | 11.58 | | | | | | 0.16• | | | | | | 0.46 | | | | | | 0.62 | | | | | | 0.20 | | | | | | 0.56 | | | | | | — | | | | | | 0.76 | | | | | | — | | | | | | 11.44 | | | | | | 5.52 | | | | | | 0.77 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 1.36 | | | | | | 42,853 | | | | | | 33 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.26 | | | | | | 0.26• | | | | | | (0.77) | | | | | | (0.51) | | | | | | 0.19 | | | | | | 0.25 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 10.31 | | | | | | (4.74) | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.31 | | | | | | 452,255 | | | | | | 35 | | |
12-31-17 | | | | | 10.16 | | | | | | 0.25• | | | | | | 1.25 | | | | | | 1.50 | | | | | | 0.19 | | | | | | 0.21 | | | | | | — | | | | | | 0.40 | | | | | | — | | | | | | 11.26 | | | | | | 15.00 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.31 | | | | | | 371,838 | | | | | | 32 | | |
12-31-16 | | | | | 10.43 | | | | | | 0.32• | | | | | | 0.43 | | | | | | 0.75 | | | | | | 0.27 | | | | | | 0.75 | | | | | | — | | | | | | 1.02 | | | | | | — | | | | | | 10.16 | | | | | | 7.33 | | | | | | 0.27 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.13 | | | | | | 118,855 | | | | | | 44 | | |
05-01-15(5) - 12-31-15 | | | | | 12.17 | | | | | | 0.41• | | | | | | (0.96) | | | | | | (0.55) | | | | | | 0.22 | | | | | | 0.97 | | | | | | — | | | | | | 1.19 | | | | | | — | | | | | | 10.43 | | | | | | (4.81) | | | | | | 0.28 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 5.95 | | | | | | 2,310 | | | | | | 40 | | |
Voya Index Solution 2030 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.28 | | | | | | 0.24• | | | | | | (1.21) | | | | | | (0.97) | | | | | | 0.15 | | | | | | 0.35 | | | | | | — | | | | | | 0.50 | | | | | | — | | | | | | 13.81 | | | | | | (6.60) | | | | | | 0.75 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 1.61 | | | | | | 27,143 | | | | | | 33 | | |
12-31-17 | | | | | 13.22 | | | | | | 0.21• | | | | | | 1.98 | | | | | | 2.19 | | | | | | 0.05 | | | | | | 0.08 | | | | | | — | | | | | | 0.13 | | | | | | — | | | | | | 15.28 | | | | | | 16.62 | | | | | | 0.76 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 1.48 | | | | | | 20,939 | | | | | | 32 | | |
12-31-16 | | | | | 12.39 | | | | | | 0.27• | | | | | | 0.58 | | | | | | 0.85 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.22 | | | | | | 6.84 | | | | | | 0.83 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 2.13 | | | | | | 10,732 | | | | | | 64 | | |
12-31-15 | | | | | 12.70 | | | | | | 0.48• | | | | | | (0.53) | | | | | | (0.05) | | | | | | 0.07 | | | | | | 0.19 | | | | | | — | | | | | | 0.26 | | | | | | — | | | | | | 12.39 | | | | | | (0.48) | | | | | | 3.36 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 3.93 | | | | | | 2,598 | | | | | | 136 | | |
12-31-14 | | | | | 13.19 | | | | | | 0.14 | | | | | | 0.50 | | | | | | 0.64 | | | | | | 0.22 | | | | | | 0.91 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 12.70 | | | | | | 5.00 | | | | | | 65.69 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.10 | | | | | | 4 | | | | | | 32 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.65 | | | | | | 0.31• | | | | | | (1.23) | | | | | | (0.92) | | | | | | 0.19 | | | | | | 0.35 | | | | | | — | | | | | | 0.54 | | | | | | — | | | | | | 14.19 | | | | | | (6.11) | | | | | | 0.25 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 2.03 | | | | | | 6,304 | | | | | | 33 | | |
12-31-17 | | | | | 13.50 | | | | | | 0.31• | | | | | | 1.99 | | | | | | 2.30 | | | | | | 0.07 | | | | | | 0.08 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 15.65 | | | | | | 17.14 | | | | | | 0.26 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 2.10 | | | | | | 4,953 | | | | | | 32 | | |
12-31-16 | | | | | 12.60 | | | | | | 0.31• | | | | | | 0.61 | | | | | | 0.92 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.50 | | | | | | 7.31 | | | | | | 0.33 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.36 | | | | | | 2,173 | | | | | | 64 | | |
12-31-15 | | | | | 12.79 | | | | | | 0.99• | | | | | | (0.99) | | | | | | 0.00* | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 12.60 | | | | | | (0.03) | | | | | | 2.86 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 8.08 | | | | | | 779 | | | | | | 136 | | |
12-31-14 | | | | | 13.28 | | | | | | 0.20 | | | | | | 0.51 | | | | | | 0.71 | | | | | | 0.29 | | | | | | 0.91 | | | | | | — | | | | | | 1.20 | | | | | | — | | | | | | 12.79 | | | | | | 5.52 | | | | | | 65.19 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.61 | | | | | | 4 | | | | | | 32 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.56 | | | | | | 0.28 | | | | | | (1.24) | | | | | | (0.96) | | | | | | 0.16 | | | | | | 0.35 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 14.09 | | | | | | (6.40) | | | | | | 0.50 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.77 | | | | | | 11,224 | | | | | | 33 | | |
12-31-17 | | | | | 13.44 | | | | | | 0.27• | | | | | | 1.99 | | | | | | 2.26 | | | | | | 0.06 | | | | | | 0.08 | | | | | | — | | | | | | 0.14 | | | | | | — | | | | | | 15.56 | | | | | | 16.91 | | | | | | 0.51 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.82 | | | | | | 12,320 | | | | | | 32 | | |
12-31-16 | | | | | 12.57 | | | | | | 0.37• | | | | | | 0.52 | | | | | | 0.89 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.44 | | | | | | 7.08 | | | | | | 0.58 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 2.83 | | | | | | 6,607 | | | | | | 64 | | |
12-31-15 | | | | | 12.79 | | | | | | 0.43• | | | | | | (0.46) | | | | | | (0.03) | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 12.57 | | | | | | (0.27) | | | | | | 3.11 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 3.45 | | | | | | 521 | | | | | | 136 | | |
12-31-14 | | | | | 13.27 | | | | | | 0.17 | | | | | | 0.52 | | | | | | 0.69 | | | | | | 0.26 | | | | | | 0.91 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 12.79 | | | | | | 5.32 | | | | | | 65.44 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.35 | | | | | | 4 | | | | | | 32 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2030 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.37 | | | | | | 0.26• | | | | | | (1.22) | | | | | | (0.96) | | | | | | 0.12 | | | | | | 0.35 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 13.94 | | | | | | (6.47) | | | | | | 0.65 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.74 | | | | | | 2,239 | | | | | | 33 | | |
12-31-17 | | | | | 13.29 | | | | | | 0.22• | | | | | | 1.99 | | | | | | 2.21 | | | | | | 0.05 | | | | | | 0.08 | | | | | | — | | | | | | 0.13 | | | | | | — | | | | | | 15.37 | | | | | | 16.69 | | | | | | 0.66 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 1.54 | | | | | | 1,800 | | | | | | 32 | | |
12-31-16 | | | | | 12.45 | | | | | | 0.33• | | | | | | 0.53 | | | | | | 0.86 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.29 | | | | | | 6.92 | | | | | | 0.76 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 2.54 | | | | | | 1,735 | | | | | | 64 | | |
12-31-15 | | | | | 12.71 | | | | | | 0.48• | | | | | | (0.55) | | | | | | (0.07) | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 12.45 | | | | | | (0.58) | | | | | | 3.36 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 3.87 | | | | | | 47 | | | | | | 136 | | |
12-31-14 | | | | | 13.21 | | | | | | 0.15 | | | | | | 0.49 | | | | | | 0.64 | | | | | | 0.23 | | | | | | 0.91 | | | | | | — | | | | | | 1.14 | | | | | | — | | | | | | 12.71 | | | | | | 5.00 | | | | | | 65.69 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.20 | | | | | | 4 | | | | | | 32 | | |
Class Z | | | | | | | �� | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.69 | | | | | | 0.36• | | | | | | (1.25) | | | | | | (0.89) | | | | | | 0.19 | | | | | | 0.35 | | | | | | — | | | | | | 0.54 | | | | | | — | | | | | | 14.26 | | | | | | (5.90) | | | | | | 0.25 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.29 | | | | | | 348,273 | | | | | | 33 | | |
12-31-17 | | | | | 13.51 | | | | | | 0.35• | | | | | | 1.98 | | | | | | 2.33 | | | | | | 0.07 | | | | | | 0.08 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 15.69 | | | | | | 17.35 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.36 | | | | | | 267,328 | | | | | | 32 | | |
12-31-16 | | | | | 12.59 | | | | | | 0.46• | | | | | | 0.48 | | | | | | 0.94 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.51 | | | | | | 7.48 | | | | | | 0.33 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.53 | | | | | | 72,347 | | | | | | 64 | | |
05-01-15(5) - 12-31-15 | | | | | 13.34 | | | | | | 0.36• | | | | | | (0.92) | | | | | | (0.56) | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 0.19 | | | | | | — | | | | | | 12.59 | | | | | | (4.23) | | | | | | 2.82 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 4.30 | | | | | | 1,196 | | | | | | 136 | | |
Voya Index Solution 2035 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.34 | | | | | | 0.16• | | | | | | (0.94) | | | | | | (0.78) | | | | | | 0.13 | | | | | | 0.29 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 10.14 | | | | | | (7.26) | | | | | | 0.75 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 1.45 | | | | | | 176,145 | | | | | | 33 | | |
12-31-17 | | | | | 9.98 | | | | | | 0.15• | | | | | | 1.61 | | | | | | 1.76 | | | | | | 0.13 | | | | | | 0.27 | | | | | | — | | | | | | 0.40 | | | | | | — | | | | | | 11.34 | | | | | | 17.95 | | | | | | 0.76 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.37 | | | | | | 215,074 | | | | | | 25 | | |
12-31-16 | | | | | 10.34 | | | | | | 0.19 | | | | | | 0.57 | | | | | | 0.76 | | | | | | 0.19 | | | | | | 0.93 | | | | | | — | | | | | | 1.12 | | | | | | — | | | | | | 9.98 | | | | | | 7.63 | | | | | | 0.76 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.86 | | | | | | 203,566 | | | | | | 41 | | |
12-31-15 | | | | | 11.86 | | | | | | 0.18 | | | | | | (0.35) | | | | | | (0.17) | | | | | | 0.15 | | | | | | 1.20 | | | | | | — | | | | | | 1.35 | | | | | | — | | | | | | 10.34 | | | | | | (1.91) | | | | | | 0.77 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.62 | | | | | | 199,097 | | | | | | 38 | | |
12-31-14 | | | | | 12.01 | | | | | | 0.13 | | | | | | 0.53 | | | | | | 0.66 | | | | | | 0.17 | | | | | | 0.64 | | | | | | — | | | | | | 0.81 | | | | | | — | | | | | | 11.86 | | | | | | 5.65 | | | | | | 0.76 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.12 | | | | | | 213,542 | | | | | | 44 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.65 | | | | | | 0.22 | | | | | | (0.98) | | | | | | (0.76) | | | | | | 0.18 | | | | | | 0.29 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 10.42 | | | | | | (6.86) | | | | | | 0.25 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 1.99 | | | | | | 55,982 | | | | | | 33 | | |
12-31-17 | | | | | 10.23 | | | | | | 0.20 | | | | | | 1.68 | | | | | | 1.88 | | | | | | 0.19 | | | | | | 0.27 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 11.65 | | | | | | 18.65 | | | | | | 0.26 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 1.89 | | | | | | 58,021 | | | | | | 25 | | |
12-31-16 | | | | | 10.58 | | | | | | 0.25• | | | | | | 0.58 | | | | | | 0.83 | | | | | | 0.25 | | | | | | 0.93 | | | | | | — | | | | | | 1.18 | | | | | | — | | | | | | 10.23 | | | | | | 8.12 | | | | | | 0.26 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 2.40 | | | | | | 47,484 | | | | | | 41 | | |
12-31-15 | | | | | 12.11 | | | | | | 0.25• | | | | | | (0.37) | | | | | | (0.12) | | | | | | 0.21 | | | | | | 1.20 | | | | | | — | | | | | | 1.41 | | | | | | — | | | | | | 10.58 | | | | | | (1.47) | | | | | | 0.27 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.18 | | | | | | 37,272 | | | | | | 38 | | |
12-31-14 | | | | | 12.24 | | | | | | 0.21• | | | | | | 0.53 | | | | | | 0.74 | | | | | | 0.23 | | | | | | 0.64 | | | | | | — | | | | | | 0.87 | | | | | | — | | | | | | 12.11 | | | | | | 6.16 | | | | | | 0.26 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.73 | | | | | | 34,038 | | | | | | 44 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.51 | | | | | | 0.19• | | | | | | (0.97) | | | | | | (0.78) | | | | | | 0.15 | | | | | | 0.29 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 10.29 | | | | | | (7.12) | | | | | | 0.50 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.70 | | | | | | 96,259 | | | | | | 33 | | |
12-31-17 | | | | | 10.11 | | | | | | 0.17• | | | | | | 1.66 | | | | | | 1.83 | | | | | | 0.16 | | | | | | 0.27 | | | | | | — | | | | | | 0.43 | | | | | | — | | | | | | 11.51 | | | | | | 18.39 | | | | | | 0.51 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.61 | | | | | | 121,702 | | | | | | 25 | | |
12-31-16 | | | | | 10.47 | | | | | | 0.21• | | | | | | 0.58 | | | | | | 0.79 | | | | | | 0.22 | | | | | | 0.93 | | | | | | — | | | | | | 1.15 | | | | | | — | | | | | | 10.11 | | | | | | 7.77 | | | | | | 0.51 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 2.06 | | | | | | 118,463 | | | | | | 41 | | |
12-31-15 | | | | | 11.99 | | | | | | 0.22 | | | | | | (0.36) | | | | | | (0.14) | | | | | | 0.18 | | | | | | 1.20 | | | | | | — | | | | | | 1.38 | | | | | | — | | | | | | 10.47 | | | | | | (1.63) | | | | | | 0.52 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.87 | | | | | | 129,764 | | | | | | 38 | | |
12-31-14 | | | | | 12.13 | | | | | | 0.16 | | | | | | 0.54 | | | | | | 0.70 | | | | | | 0.20 | | | | | | 0.64 | | | | | | — | | | | | | 0.84 | | | | | | — | | | | | | 11.99 | | | | | | 5.90 | | | | | | 0.51 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.38 | | | | | | 145,942 | | | | | | 44 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.32 | | | | | | 0.17• | | | | | | (0.94) | | | | | | (0.77) | | | | | | 0.13 | | | | | | 0.29 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 10.13 | | | | | | (7.14) | | | | | | 0.65 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.52 | | | | | | 29,751 | | | | | | 33 | | |
12-31-17 | | | | | 9.96 | | | | | | 0.16 | | | | | | 1.62 | | | | | | 1.78 | | | | | | 0.15 | | | | | | 0.27 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 11.32 | | | | | | 18.14 | | | | | | 0.66 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.50 | | | | | | 37,316 | | | | | | 25 | | |
12-31-16 | | | | | 10.33 | | | | | | 0.20 | | | | | | 0.56 | | | | | | 0.76 | | | | | | 0.20 | | | | | | 0.93 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 9.96 | | | | | | 7.65 | | | | | | 0.69 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 2.01 | | | | | | 32,558 | | | | | | 41 | | |
12-31-15 | | | | | 11.83 | | | | | | 0.19• | | | | | | (0.34) | | | | | | (0.15) | | | | | | 0.15 | | | | | | 1.20 | | | | | | — | | | | | | 1.35 | | | | | | — | | | | | | 10.33 | | | | | | (1.78) | | | | | | 0.77 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.71 | | | | | | 31,067 | | | | | | 38 | | |
12-31-14 | | | | | 11.98 | | | | | | 0.14• | | | | | | 0.54 | | | | | | 0.68 | | | | | | 0.19 | | | | | | 0.64 | | | | | | — | | | | | | 0.83 | | | | | | — | | | | | | 11.83 | | | | | | 5.77 | | | | | | 0.76 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.17 | | | | | | 40,100 | | | | | | 44 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2035 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.72 | | | | | | 0.26• | | | | | | (1.00) | | | | | | (0.74) | | | | | | 0.18 | | | | | | 0.29 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 10.51 | | | | | | (6.64) | | | | | | 0.25 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.24 | | | | | | 412,024 | | | | | | 33 | | |
12-31-17 | | | | | 10.27 | | | | | | 0.25• | | | | | | 1.66 | | | | | | 1.91 | | | | | | 0.19 | | | | | | 0.27 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 11.72 | | | | | | 18.88 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.26 | | | | | | 327,540 | | | | | | 25 | | |
12-31-16 | | | | | 10.61 | | | | | | 0.34• | | | | | | 0.50 | | | | | | 0.84 | | | | | | 0.25 | | | | | | 0.93 | | | | | | — | | | | | | 1.18 | | | | | | — | | | | | | 10.27 | | | | | | 8.21 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.31 | | | | | | 101,022 | | | | | | 41 | | |
05-01-15(5) - 12-31-15 | | | | | 12.66 | | | | | | 0.43• | | | | | | (1.07) | | | | | | (0.64) | | | | | | 0.21 | | | | | | 1.20 | | | | | | — | | | | | | 1.41 | | | | | | — | | | | | | 10.61 | | | | | | (5.49) | | | | | | 0.28 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 6.12 | | | | | | 2,456 | | | | | | 38 | | |
Voya Index Solution 2040 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.00 | | | | | | 0.23• | | | | | | (1.45) | | | | | | (1.22) | | | | | | 0.13 | | | | | | 0.36 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 14.29 | | | | | | (7.94) | | | | | | 0.75 | | | | | | 0.71 | | | | | | 0.71 | | | | | | 1.48 | | | | | | 15,441 | | | | | | 30 | ��� | |
12-31-17 | | | | | 13.57 | | | | | | 0.21• | | | | | | 2.36 | | | | | | 2.57 | | | | | | 0.05 | | | | | | 0.09 | | | | | | — | | | | | | 0.14 | | | | | | — | | | | | | 16.00 | | | | | | 19.05 | | | | | | 0.77 | | | | | | 0.68 | | | | | | 0.68 | | | | | | 1.44 | | | | | | 11,117 | | | | | | 29 | | |
12-31-16 | | | | | 12.62 | | | | | | 0.29• | | | | | | 0.68 | | | | | | 0.97 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.57 | | | | | | 7.67 | | | | | | 0.90 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 2.27 | | | | | | 5,222 | | | | | | 52 | | |
12-31-15 | | | | | 13.60 | | | | | | 0.52• | | | | | | (0.73) | | | | | | (0.21) | | | | | | 0.13 | | | | | | 0.64 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 12.62 | | | | | | (1.78) | | | | | | 5.76 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 4.17 | | | | | | 1,252 | | | | | | 106 | | |
12-31-14 | | | | | 13.98 | | | | | | 0.14• | | | | | | 0.64 | | | | | | 0.78 | | | | | | 0.20 | | | | | | 0.96 | | | | | | — | | | | | | 1.16 | | | | | | — | | | | | | 13.60 | | | | | | 5.73 | | | | | | 61.99 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 0.98 | | | | | | 5 | | | | | | 32 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.36 | | | | | | 0.32• | | | | | | (1.50) | | | | | | (1.18) | | | | | | 0.17 | | | | | | 0.36 | | | | | | — | | | | | | 0.53 | | | | | | — | | | | | | 14.65 | | | | | | (7.53) | | | | | | 0.25 | | | | | | 0.21 | | | | | | 0.21 | | | | | | 1.97 | | | | | | 3,952 | | | | | | 30 | | |
12-31-17 | | | | | 13.82 | | | | | | 0.32• | | | | | | 2.38 | | | | | | 2.70 | | | | | | 0.07 | | | | | | 0.09 | | | | | | — | | | | | | 0.16 | | | | | | — | | | | | | 16.36 | | | | | | 19.68 | | | | | | 0.27 | | | | | | 0.18 | | | | | | 0.18 | | | | | | 2.12 | | | | | | 2,612 | | | | | | 29 | | |
12-31-16 | | | | | 12.79 | | | | | | 0.32• | | | | | | 0.73 | | | | | | 1.05 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.82 | | | | | | 8.24 | | | | | | 0.40 | | | | | | 0.12 | | | | | | 0.12 | | | | | | 2.43 | | | | | | 659 | | | | | | 52 | | |
12-31-15 | | | | | 13.71 | | | | | | 1.29• | | | | | | (1.47) | | | | | | (0.18) | | | | | | 0.10 | | | | | | 0.64 | | | | | | — | | | | | | 0.74 | | | | | | — | | | | | | 12.79 | | | | | | (1.50) | | | | | | 5.26 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 10.20 | | | | | | 165 | | | | | | 106 | | |
12-31-14 | | | | | 14.09 | | | | | | 0.19 | | | | | | 0.66 | | | | | | 0.85 | | | | | | 0.27 | | | | | | 0.96 | | | | | | — | | | | | | 1.23 | | | | | | — | | | | | | 13.71 | | | | | | 6.21 | | | | | | 61.49 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.42 | | | | | | 5 | | | | | | 32 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.33 | | | | | | 0.26 | | | | | | (1.47) | | | | | | (1.21) | | | | | | 0.14 | | | | | | 0.36 | | | | | | — | | | | | | 0.50 | | | | | | — | | | | | | 14.62 | | | | | | (7.73) | | | | | | 0.50 | | | | | | 0.46 | | | | | | 0.46 | | | | | | 1.64 | | | | | | 7,981 | | | | | | 30 | | |
12-31-17 | | | | | 13.82 | | | | | | 0.25• | | | | | | 2.41 | | | | | | 2.66 | | | | | | 0.06 | | | | | | 0.09 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 16.33 | | | | | | 19.39 | | | | | | 0.52 | | | | | | 0.43 | | | | | | 0.43 | | | | | | 1.64 | | | | | | 8,832 | | | | | | 29 | | |
12-31-16 | | | | | 12.83 | | | | | | 0.38• | | | | | | 0.63 | | | | | | 1.01 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.82 | | | | | | 7.89 | | | | | | 0.65 | | | | | | 0.37 | | | | | | 0.37 | | | | | | 2.85 | | | | | | 5,044 | | | | | | 52 | | |
12-31-15 | | | | | 13.72 | | | | | | 0.51• | | | | | | (0.71) | | | | | | (0.20) | | | | | | 0.05 | | | | | | 0.64 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 12.83 | | | | | | (1.65) | | | | | | 5.51 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 3.95 | | | | | | 401 | | | | | | 106 | | |
12-31-14 | | | | | 14.09 | | | | | | 0.16 | | | | | | 0.66 | | | | | | 0.82 | | | | | | 0.23 | | | | | | 0.96 | | | | | | — | | | | | | 1.19 | | | | | | — | | | | | | 13.72 | | | | | | 6.03 | | | | | | 61.74 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.16 | | | | | | 4 | | | | | | 32 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.13 | | | | | | 0.23• | | | | | | (1.46) | | | | | | (1.23) | | | | | | 0.12 | | | | | | 0.36 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 14.42 | | | | | | (7.90) | | | | | | 0.65 | | | | | | 0.61 | | | | | | 0.61 | | | | | | 1.47 | | | | | | 1,905 | | | | | | 30 | | |
12-31-17 | | | | | 13.67 | | | | | | 0.23• | | | | | | 2.38 | | | | | | 2.61 | | | | | | 0.06 | | | | | | 0.09 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 16.13 | | | | | | 19.21 | | | | | | 0.67 | | | | | | 0.58 | | | | | | 0.58 | | | | | | 1.50 | | | | | | 1,688 | | | | | | 29 | | |
12-31-16 | | | | | 12.70 | | | | | | 0.34• | | | | | | 0.65 | | | | | | 0.99 | | | | | | 0.01 | | | | | | 0.01 | | | | | | — | | | | | | 0.02 | | | | | | — | | | | | | 13.67 | | | | | | 7.82 | | | | | | 0.83 | | | | | | 0.52 | | | | | | 0.52 | | | | | | 2.60 | | | | | | 651 | | | | | | 52 | | |
12-31-15 | | | | | 13.62 | | | | | | 0.38• | | | | | | (0.61) | | | | | | (0.23) | | | | | | 0.05 | | | | | | 0.64 | | | | | | — | | | | | | 0.69 | | | | | | — | | | | | | 12.70 | | | | | | (1.88) | | | | | | 5.76 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 2.84 | | | | | | 14 | | | | | | 106 | | |
12-31-14 | | | | | 14.00 | | | | | | 0.13 | | | | | | 0.66 | | | | | | 0.79 | | | | | | 0.21 | | | | | | 0.96 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 13.62 | | | | | | 5.80 | | | | | | 61.99 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 1.01 | | | | | | 4 | | | | | | 32 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.42 | | | | | | 0.36• | | | | | | (1.51) | | | | | | (1.15) | | | | | | 0.17 | | | | | | 0.36 | | | | | | — | | | | | | 0.53 | | | | | | — | | | | | | 14.74 | | | | | | (7.32) | | | | | | 0.25 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.22 | | | | | | 243,229 | | | | | | 30 | | |
12-31-17 | | | | | 13.85 | | | | | | 0.34• | | | | | | 2.39 | | | | | | 2.73 | | | | | | 0.07 | | | | | | 0.09 | | | | | | — | | | | | | 0.16 | | | | | | — | | | | | | 16.42 | | | | | | 19.86 | | | | | | 0.27 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.21 | | | | | | 169,065 | | | | | | 29 | | |
12-31-16 | | | | | 12.80 | | | | | | 0.47• | | | | | | 0.61 | | | | | | 1.08 | | | | | | 0.02 | | | | | | 0.01 | | | | | | — | | | | | | 0.03 | | | | | | — | | | | | | 13.85 | | | | | | 8.40 | | | | | | 0.40 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.51 | | | | | | 48,146 | | | | | | 52 | | |
05-01-15(5) - 12-31-15 | | | | | 14.34 | | | | | | 0.57• | | | | | | (1.37) | | | | | | (0.80) | | | | | | 0.10 | | | | | | 0.64 | | | | | | — | | | | | | 0.74 | | | | | | — | | | | | | 12.80 | | | | | | (5.75) | | | | | | 5.12 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 6.74 | | | | | | 1,086 | | | | | | 106 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2045 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.79 | | | | | | 0.15• | | | | | | (1.13) | | | | | | (0.98) | | | | | | 0.11 | | | | | | 0.32 | | | | | | — | | | | | | 0.43 | | | | | | — | | | | | | 10.38 | | | | | | (8.70) | | | | | | 0.74 | | | | | | 0.72 | | | | | | 0.72 | | | | | | 1.31 | | | | | | 122,905 | | | | | | 31 | | |
12-31-17 | | | | | 10.22 | | | | | | 0.13• | | | | | | 1.88 | | | | | | 2.01 | | | | | | 0.12 | | | | | | 0.32 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 11.79 | | | | | | 19.96 | | | | | | 0.75 | | | | | | 0.69 | | | | | | 0.69 | | | | | | 1.20 | | | | | | 148,205 | | | | | | 25 | | |
12-31-16 | | | | | 10.55 | | | | | | 0.17 | | | | | | 0.61 | | | | | | 0.78 | | | | | | 0.17 | | | | | | 0.94 | | | | | | — | | | | | | 1.11 | | | | | | — | | | | | | 10.22 | | | | | | 7.67 | | | | | | 0.76 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.70 | | | | | | 139,777 | | | | | | 41 | | |
12-31-15 | | | | | 12.16 | | | | | | 0.16 | | | | | | (0.34) | | | | | | (0.18) | | | | | | 0.12 | | | | | | 1.31 | | | | | | — | | | | | | 1.43 | | | | | | — | | | | | | 10.55 | | | | | | (2.05) | | | | | | 0.76 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.44 | | | | | | 133,884 | | | | | | 36 | | |
12-31-14 | | | | | 12.25 | | | | | | 0.10• | | | | | | 0.59 | | | | | | 0.69 | | | | | | 0.14 | | | | | | 0.64 | | | | | | — | | | | | | 0.78 | | | | | | — | | | | | | 12.16 | | | | | | 5.80 | | | | | | 0.75 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 0.83 | | | | | | 138,235 | | | | | | 44 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.17 | | | | | | 0.22 | | | | | | (1.16) | | | | | | (0.94) | | | | | | 0.17 | | | | | | 0.32 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 10.74 | | | | | | (8.16) | | | | | | 0.24 | | | | | | 0.22 | | | | | | 0.22 | | | | | | 1.84 | | | | | | 43,658 | | | | | | 31 | | |
12-31-17 | | | | | 10.54 | | | | | | 0.20• | | | | | | 1.93 | | | | | | 2.13 | | | | | | 0.18 | | | | | | 0.32 | | | | | | — | | | | | | 0.50 | | | | | | — | | | | | | 12.17 | | | | | | 20.48 | | | | | | 0.25 | | | | | | 0.19 | | | | | | 0.19 | | | | | | 1.76 | | | | | | 48,317 | | | | | | 25 | | |
12-31-16 | | | | | 10.84 | | | | | | 0.24• | | | | | | 0.63 | | | | | | 0.87 | | | | | | 0.23 | | | | | | 0.94 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 10.54 | | | | | | 8.29 | | | | | | 0.26 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.24 | | | | | | 35,877 | | | | | | 41 | | |
12-31-15 | | | | | 12.46 | | | | | | 0.25• | | | | | | (0.38) | | | | | | (0.13) | | | | | | 0.18 | | | | | | 1.31 | | | | | | — | | | | | | 1.49 | | | | | | — | | | | | | 10.84 | | | | | | (1.61) | | | | | | 0.26 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.09 | | | | | | 27,900 | | | | | | 36 | | |
12-31-14 | | | | | 12.52 | | | | | | 0.18• | | | | | | 0.59 | | | | | | 0.77 | | | | | | 0.19 | | | | | | 0.64 | | | | | | — | | | | | | 0.83 | | | | | | — | | | | | | 12.46 | | | | | | 6.32 | | | | | | 0.25 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.42 | | | | | | 19,837 | | | | | | 44 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.00 | | | | | | 0.18• | | | | | | (1.14) | | | | | | (0.96) | | | | | | 0.14 | | | | | | 0.32 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 10.58 | | | | | | (8.44) | | | | | | 0.49 | | | | | | 0.47 | | | | | | 0.47 | | | | | | 1.53 | | | | | | 65,002 | | | | | | 31 | | |
12-31-17 | | | | | 10.40 | | | | | | 0.17 | | | | | | 1.90 | | | | | | 2.07 | | | | | | 0.15 | | | | | | 0.32 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 12.00 | | | | | | 20.21 | | | | | | 0.50 | | | | | | 0.44 | | | | | | 0.44 | | | | | | 1.46 | | | | | | 87,386 | | | | | | 25 | | |
12-31-16 | | | | | 10.70 | | | | | | 0.21 | | | | | | 0.62 | | | | | | 0.83 | | | | | | 0.19 | | | | | | 0.94 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 10.40 | | | | | | 8.05 | | | | | | 0.51 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.91 | | | | | | 76,656 | | | | | | 41 | | |
12-31-15 | | | | | 12.32 | | | | | | 0.20 | | | | | | (0.36) | | | | | | (0.16) | | | | | | 0.15 | | | | | | 1.31 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 10.70 | | | | | | (1.86) | | | | | | 0.51 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.66 | | | | | | 80,586 | | | | | | 36 | | |
12-31-14 | | | | | 12.40 | | | | | | 0.13 | | | | | | 0.60 | | | | | | 0.73 | | | | | | 0.17 | | | | | | 0.64 | | | | | | — | | | | | | 0.81 | | | | | | — | | | | | | 12.32 | | | | | | 6.01 | | | | | | 0.50 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.07 | | | | | | 90,710 | | | | | | 44 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 11.80 | | | | | | 0.16• | | | | | | (1.12) | | | | | | (0.96) | | | | | | 0.11 | | | | | | 0.32 | | | | | | — | | | | | | 0.43 | | | | | | — | | | | | | 10.41 | | | | | | (8.52) | | | | | | 0.64 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.40 | | | | | | 16,121 | | | | | | 31 | | |
12-31-17 | | | | | 10.24 | | | | | | 0.14• | | | | | | 1.88 | | | | | | 2.02 | | | | | | 0.14 | | | | | | 0.32 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 11.80 | | | | | | 19.97 | | | | | | 0.65 | | | | | | 0.59 | | | | | | 0.59 | | | | | | 1.26 | | | | | | 19,206 | | | | | | 25 | | |
12-31-16 | | | | | 10.56 | | | | | | 0.20• | | | | | | 0.60 | | | | | | 0.80 | | | | | | 0.18 | | | | | | 0.94 | | | | | | — | | | | | | 1.12 | | | | | | — | | | | | | 10.24 | | | | | | 7.88 | | | | | | 0.69 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.93 | | | | | | 18,507 | | | | | | 41 | | |
12-31-15 | | | | | 12.16 | | | | | | 0.18• | | | | | | (0.35) | | | | | | (0.17) | | | | | | 0.12 | | | | | | 1.31 | | | | | | — | | | | | | 1.43 | | | | | | — | | | | | | 10.56 | | | | | | (1.99) | | | | | | 0.76 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.54 | | | | | | 16,368 | | | | | | 36 | | |
12-31-14 | | | | | 12.24 | | | | | | 0.11 | | | | | | 0.60 | | | | | | 0.71 | | | | | | 0.15 | | | | | | 0.64 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 12.16 | | | | | | 5.95 | | | | | | 0.75 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 0.90 | | | | | | 20,479 | | | | | | 44 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.24 | | | | | | 0.26• | | | | | | (1.19) | | | | | | (0.93) | | | | | | 0.17 | | | | | | 0.32 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 10.82 | | | | | | (8.03) | | | | | | 0.24 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.14 | | | | | | 273,348 | | | | | | 31 | | |
12-31-17 | | | | | 10.57 | | | | | | 0.24• | | | | | | 1.93 | | | | | | 2.17 | | | | | | 0.18 | | | | | | 0.32 | | | | | | — | | | | | | 0.50 | | | | | | — | | | | | | 12.24 | | | | | | 20.81 | | | | | | 0.25 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.12 | | | | | | 208,189 | | | | | | 25 | | |
12-31-16 | | | | | 10.85 | | | | | | 0.34• | | | | | | 0.55 | | | | | | 0.89 | | | | | | 0.23 | | | | | | 0.94 | | | | | | — | | | | | | 1.17 | | | | | | — | | | | | | 10.57 | | | | | | 8.47 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.21 | | | | | | 58,923 | | | | | | 41 | | |
05-01-15(5) - 12-31-15 | | | | | 13.09 | | | | | | 0.59• | | | | | | (1.34) | | | | | | (0.75) | | | | | | 0.18 | | | | | | 1.31 | | | | | | — | | | | | | 1.49 | | | | | | — | | | | | | 10.85 | | | | | | (6.26) | | | | | | 0.32 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 8.27 | | | | | | 544 | | | | | | 36 | | |
Voya Index Solution 2050 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.26 | | | | | | 0.22• | | | | | | (1.62) | | | | | | (1.40) | | | | | | 0.11 | | | | | | 0.36 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 14.39 | | | | | | (8.92) | | | | | | 0.75 | | | | | | 0.73 | | | | | | 0.73 | | | | | | 1.39 | | | | | | 11,155 | | | | | | 28 | | |
12-31-17 | | | | | 13.65 | | | | | | 0.20• | | | | | | 2.53 | | | | | | 2.73 | | | | | | 0.04 | | | | | | 0.08 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 16.26 | | | | | | 20.12 | | | | | | 0.78 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 1.31 | | | | | | 7,817 | | | | | | 26 | | |
12-31-16 | | | | | 12.69 | | | | | | 0.27• | | | | | | 0.73 | | | | | | 1.00 | | | | | | 0.01 | | | | | | 0.03 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 13.65 | | | | | | 7.94 | | | | | | 1.03 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 2.05 | | | | | | 3,296 | | | | | | 49 | | |
12-31-15 | | | | | 13.68 | | | | | | 0.44• | | | | | | (0.68) | | | | | | (0.24) | | | | | | 0.04 | | | | | | 0.71 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 12.69 | | | | | | (1.97) | | | | | | 7.70 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 3.52 | | | | | | 666 | | | | | | 195 | | |
12-31-14 | | | | | 14.03 | | | | | | 0.10 | | | | | | 0.68 | | | | | | 0.78 | | | | | | 0.19 | | | | | | 0.94 | | | | | | — | | | | | | 1.13 | | | | | | — | | | | | | 13.68 | | | | | | 5.64 | | | | | | 62.26 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 0.77 | | | | | | 4 | | | | | | 32 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2050 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.55 | | | | | | 0.30• | | | | | | (1.65) | | | | | | (1.35) | | | | | | 0.15 | | | | | | 0.36 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 14.69 | | | | | | (8.49) | | | | | | 0.25 | | | | | | 0.23 | | | | | | 0.23 | | | | | | 1.82 | | | | | | 3,851 | | | | | | 28 | | |
12-31-17 | | | | | 13.84 | | | | | | 0.31• | | | | | | 2.55 | | | | | | 2.86 | | | | | | 0.07 | | | | | | 0.08 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 16.55 | | | | | | 20.75 | | | | | | 0.28 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 2.00 | | | | | | 3,195 | | | | | | 26 | | |
12-31-16 | | | | | 12.80 | | | | | | 0.33• | | | | | | 0.76 | | | | | | 1.09 | | | | | | 0.02 | | | | | | 0.03 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 13.84 | | | | | | 8.52 | | | | | | 0.53 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.52 | | | | | | 950 | | | | | | 49 | | |
12-31-15 | | | | | 13.79 | | | | | | 0.44• | | | | | | (0.61) | | | | | | (0.17) | | | | | | 0.11 | | | | | | 0.71 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 12.80 | | | | | | (1.45) | | | | | | 7.20 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 3.47 | | | | | | 295 | | | | | | 195 | | |
12-31-14 | | | | | 14.14 | | | | | | 0.18 | | | | | | 0.67 | | | | | | 0.85 | | | | | | 0.26 | | | | | | 0.94 | | | | | | — | | | | | | 1.20 | | | | | | — | | | | | | 13.79 | | | | | | 6.12 | | | | | | 61.76 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 1.29 | | | | | | 5 | | | | | | 32 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.51 | | | | | | 0.25 | | | | | | (1.63) | | | | | | (1.38) | | | | | | 0.12 | | | | | | 0.36 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 14.65 | | | | | | (8.68) | | | | | | 0.50 | | | | | | 0.48 | | | | | | 0.48 | | | | | | 1.53 | | | | | | 7,477 | | | | | | 28 | | |
12-31-17 | | | | | 13.83 | | | | | | 0.24• | | | | | | 2.58 | | | | | | 2.82 | | | | | | 0.06 | | | | | | 0.08 | | | | | | — | | | | | | 0.14 | | | | | | — | | | | | | 16.51 | | | | | | 20.47 | | | | | | 0.53 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.56 | | | | | | 8,090 | | | | | | 26 | | |
12-31-16 | | | | | 12.83 | | | | | | 0.37• | | | | | | 0.68 | | | | | | 1.05 | | | | | | 0.02 | | | | | | 0.03 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 13.83 | | | | | | 8.20 | | | | | | 0.78 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 2.76 | | | | | | 3,987 | | | | | | 49 | | |
12-31-15 | | | | | 13.80 | | | | | | 0.55• | | | | | | (0.74) | | | | | | (0.19) | | | | | | 0.07 | | | | | | 0.71 | | | | | | — | | | | | | 0.78 | | | | | | — | | | | | | 12.83 | | | | | | (1.60) | | | | | | 7.45 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 4.31 | | | | | | 254 | | | | | | 195 | | |
12-31-14 | | | | | 14.14 | | | | | | 0.14 | | | | | | 0.68 | | | | | | 0.82 | | | | | | 0.22 | | | | | | 0.94 | | | | | | — | | | | | | 1.16 | | | | | | — | | | | | | 13.80 | | | | | | 5.93 | | | | | | 62.01 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.04 | | | | | | 5 | | | | | | 32 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.30 | | | | | | 0.22• | | | | | | (1.60) | | | | | | (1.38) | | | | | | 0.11 | | | | | | 0.36 | | | | | | — | | | | | | 0.47 | | | | | | — | | | | | | 14.45 | | | | | | (8.80) | | | | | | 0.65 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.36 | | | | | | 2,023 | | | | | | 28 | | |
12-31-17 | | | | | 13.68 | | | | | | 0.23• | | | | | | 2.52 | | | | | | 2.75 | | | | | | 0.05 | | | | | | 0.08 | | | | | | — | | | | | | 0.13 | | | | | | — | | | | | | 16.30 | | | | | | 20.21 | | | | | | 0.68 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.50 | | | | | | 1,973 | | | | | | 26 | | |
12-31-16 | | | | | 12.71 | | | | | | 0.35• | | | | | | 0.67 | | | | | | 1.02 | | | | | | 0.02 | | | | | | 0.03 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 13.68 | | | | | | 8.04 | | | | | | 0.96 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 2.66 | | | | | | 766 | | | | | | 49 | | |
12-31-15 | | | | | 13.70 | | | | | | 0.32• | | | | | | (0.54) | | | | | | (0.22) | | | | | | 0.06 | | | | | | 0.71 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 12.71 | | | | | | (1.83) | | | | | | 7.70 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 2.43 | | | | | | 14 | | | | | | 195 | | |
12-31-14 | | | | | 14.05 | | | | | | 0.12 | | | | | | 0.67 | | | | | | 0.79 | | | | | | 0.20 | | | | | | 0.94 | | | | | | — | | | | | | 1.14 | | | | | | — | | | | | | 13.70 | | | | | | 5.71 | | | | | | 62.26 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 0.88 | | | | | | 4 | | | | | | 32 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 16.60 | | | | | | 0.35• | | | | | | (1.67) | | | | | | (1.32) | | | | | | 0.15 | | | | | | 0.36 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 14.77 | | | | | | (8.28) | | | | | | 0.25 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.15 | | | | | | 153,539 | | | | | | 28 | | |
12-31-17 | | | | | 13.85 | | | | | | 0.33• | | | | | | 2.57 | | | | | | 2.90 | | | | | | 0.07 | | | | | | 0.08 | | | | | | — | | | | | | 0.15 | | | | | | — | | | | | | 16.60 | | | | | | 21.03 | | | | | | 0.28 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.13 | | | | | | 97,126 | | | | | | 26 | | |
12-31-16 | | | | | 12.80 | | | | | | 0.49• | | | | | | 0.61 | | | | | | 1.10 | | | | | | 0.02 | | | | | | 0.03 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 13.85 | | | | | | 8.62 | | | | | | 0.53 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.63 | | | | | | 21,080 | | | | | | 49 | | |
05-01-15(5) - 12-31-15 | | | | | 14.46 | | | | | | 0.61• | | | | | | (1.45) | | | | | | (0.84) | | | | | | 0.11 | | | | | | 0.71 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 12.80 | | | | | | (6.02) | | | | | | 7.05 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 7.16 | | | | | | 576 | | | | | | 195 | | |
Voya Index Solution 2055 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.18 | | | | | | 0.19 | | | | | | (1.49) | | | | | | (1.30) | | | | | | 0.12 | | | | | | 0.34 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 13.42 | | | | | | (8.87) | | | | | | 0.75 | | | | | | 0.73 | | | | | | 0.73 | | | | | | 1.27 | | | | | | 46,688 | | | | | | 29 | | |
12-31-17 | | | | | 13.01 | | | | | | 0.16 | | | | | | 2.46 | | | | | | 2.62 | | | | | | 0.14 | | | | | | 0.31 | | | | | | — | | | | | | 0.45 | | | | | | — | | | | | | 15.18 | | | | | | 20.37 | | | | | | 0.76 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 1.19 | | | | | | 52,886 | | | | | | 25 | | |
12-31-16 | | | | | 13.12 | | | | | | 0.22• | | | | | | 0.75 | | | | | | 0.97 | | | | | | 0.18 | | | | | | 0.90 | | | | | | — | | | | | | 1.08 | | | | | | — | | | | | | 13.01 | | | | | | 7.61 | | | | | | 0.78 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 1.68 | | | | | | 43,002 | | | | | | 42 | | |
12-31-15 | | | | | 14.69 | | | | | | 0.20• | | | | | | (0.45) | | | | | | (0.25) | | | | | | 0.12 | | | | | | 1.20 | | | | | | — | | | | | | 1.32 | | | | | | — | | | | | | 13.12 | | | | | | (2.15) | | | | | | 0.78 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 1.42 | | | | | | 37,162 | | | | | | 39 | | |
12-31-14 | | | | | 14.57 | | | | | | 0.13• | | | | | | 0.74 | | | | | | 0.87 | | | | | | 0.14 | | | | | | 0.61 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 14.69 | | | | | | 6.08 | | | | | | 0.78 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 0.88 | | | | | | 31,811 | | | | | | 44 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.54 | | | | | | 0.28• | | | | | | (1.54) | | | | | | (1.26) | | | | | | 0.19 | | | | | | 0.34 | | | | | | — | | | | | | 0.53 | | | | | | — | | | | | | 13.75 | | | | | | (8.48) | | | | | | 0.25 | | | | | | 0.23 | | | | | | 0.23 | | | | | | 1.82 | | | | | | 21,247 | | | | | | 29 | | |
12-31-17 | | | | | 13.29 | | | | | | 0.27• | | | | | | 2.49 | | | | | | 2.76 | | | | | | 0.20 | | | | | | 0.31 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 15.54 | | | | | | 21.03 | | | | | | 0.26 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 1.87 | | | | | | 19,100 | | | | | | 25 | | |
12-31-16 | | | | | 13.38 | | | | | | 0.30• | | | | | | 0.75 | | | | | | 1.05 | | | | | | 0.24 | | | | | | 0.90 | | | | | | — | | | | | | 1.14 | | | | | | — | | | | | | 13.29 | | | | | | 8.10 | | | | | | 0.28 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.24 | | | | | | 10,595 | | | | | | 42 | | |
12-31-15 | | | | | 14.94 | | | | | | 0.32• | | | | | | (0.50) | | | | | | (0.18) | | | | | | 0.18 | | | | | | 1.20 | | | | | | — | | | | | | 1.38 | | | | | | — | | | | | | 13.38 | | | | | | (1.66) | | | | | | 0.28 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 2.23 | | | | | | 8,113 | | | | | | 39 | | |
12-31-14 | | | | | 14.78 | | | | | | 0.22• | | | | | | 0.74 | | | | | | 0.96 | | | | | | 0.19 | | | | | | 0.61 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 14.94 | | | | | | 6.61 | | | | | | 0.28 | | | | | | 0.13 | | | | | | 0.13 | | | | | | 1.44 | | | | | | 3,974 | | | | | | 44 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | �� | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2055 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.36 | | | | | | 0.23 | | | | | | (1.51) | | | | | | (1.28) | | | | | | 0.15 | | | | | | 0.34 | | | | | | — | | | | | | 0.49 | | | | | | — | | | | | | 13.59 | | | | | | (8.66) | | | | | | 0.50 | | | | | | 0.48 | | | | | | 0.48 | | | | | | 1.55 | | | | | | 26,744 | | | | | | 29 | | |
12-31-17 | | | | | 13.16 | | | | | | 0.20• | | | | | | 2.48 | | | | | | 2.68 | | | | | | 0.17 | | | | | | 0.31 | | | | | | — | | | | | | 0.48 | | | | | | — | | | | | | 15.36 | | | | | | 20.63 | | | | | | 0.51 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.40 | | | | | | 29,602 | | | | | | 25 | | |
12-31-16 | | | | | 13.25 | | | | | | 0.25• | | | | | | 0.76 | | | | | | 1.01 | | | | | | 0.20 | | | | | | 0.90 | | | | | | — | | | | | | 1.10 | | | | | | — | | | | | | 13.16 | | | | | | 7.89 | | | | | | 0.53 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 1.92 | | | | | | 23,832 | | | | | | 42 | | |
12-31-15 | | | | | 14.82 | | | | | | 0.21 | | | | | | (0.43) | | | | | | (0.22) | | | | | | 0.15 | | | | | | 1.20 | | | | | | — | | | | | | 1.35 | | | | | | — | | | | | | 13.25 | | | | | | (1.93) | | | | | | 0.53 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 1.55 | | | | | | 20,530 | | | | | | 39 | | |
12-31-14 | | | | | 14.68 | | | | | | 0.16• | | | | | | 0.76 | | | | | | 0.92 | | | | | | 0.17 | | | | | | 0.61 | | | | | | — | | | | | | 0.78 | | | | | | — | | | | | | 14.82 | | | | | | 6.35 | | | | | | 0.53 | | | | | | 0.38 | | | | | | 0.38 | | | | | | 1.09 | | | | | | 20,758 | | | | | | 44 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.24 | | | | | | 0.20• | | | | | | (1.49) | | | | | | (1.29) | | | | | | 0.12 | | | | | | 0.34 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 13.49 | | | | | | (8.77) | | | | | | 0.65 | | | | | | 0.63 | | | | | | 0.63 | | | | | | 1.30 | | | | | | 7,943 | | | | | | 29 | | |
12-31-17 | | | | | 13.06 | | | | | | 0.19• | | | | | | 2.45 | | | | | | 2.64 | | | | | | 0.15 | | | | | | 0.31 | | | | | | — | | | | | | 0.46 | | | | | | — | | | | | | 15.24 | | | | | | 20.50 | | | | | | 0.66 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.35 | | | | | | 10,327 | | | | | | 25 | | |
12-31-16 | | | | | 13.17 | | | | | | 0.24• | | | | | | 0.74 | | | | | | 0.98 | | | | | | 0.19 | | | | | | 0.90 | | | | | | — | | | | | | 1.09 | | | | | | — | | | | | | 13.06 | | | | | | 7.71 | | | | | | 0.71 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 1.87 | | | | | | 6,752 | | | | | | 42 | | |
12-31-15 | | | | | 14.72 | | | | | | 0.21• | | | | | | (0.45) | | | | | | (0.24) | | | | | | 0.11 | | | | | | 1.20 | | | | | | — | | | | | | 1.31 | | | | | | — | | | | | | 13.17 | | | | | | (2.04) | | | | | | 0.78 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 1.50 | | | | | | 5,816 | | | | | | 39 | | |
12-31-14 | | | | | 14.59 | | | | | | 0.13• | | | | | | 0.75 | | | | | | 0.88 | | | | | | 0.14 | | | | | | 0.61 | | | | | | — | | | | | | 0.75 | | | | | | — | | | | | | 14.72 | | | | | | 6.15 | | | | | | 0.78 | | | | | | 0.53 | | | | | | 0.53 | | | | | | 0.89 | | | | | | 5,363 | | | | | | 44 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 15.62 | | | | | | 0.33• | | | | | | (1.56) | | | | | | (1.23) | | | | | | 0.19 | | | | | | 0.34 | | | | | | — | | | | | | 0.53 | | | | | | — | | | | | | 13.86 | | | | | | (8.24) | | | | | | 0.25 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.15 | | | | | | 111,996 | | | | | | 29 | | |
12-31-17 | | | | | 13.33 | | | | | | 0.30• | | | | | | 2.50 | | | | | | 2.80 | | | | | | 0.20 | | | | | | 0.31 | | | | | | — | | | | | | 0.51 | | | | | | — | | | | | | 15.62 | | | | | | 21.27 | | | | | | 0.26 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.07 | | | | | | 68,540 | | | | | | 25 | | |
12-31-16 | | | | | 13.40 | | | | | | 0.40• | | | | | | 0.67 | | | | | | 1.07 | | | | | | 0.24 | | | | | | 0.90 | | | | | | — | | | | | | 1.14 | | | | | | — | | | | | | 13.33 | | | | | | 8.24 | | | | | | 0.28 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.06 | | | | | | 17,543 | | | | | | 42 | | |
05-01-15(5) - 12-31-15 | | | | | 15.69 | | | | | | 0.28• | | | | | | (1.19) | | | | | | (0.91) | | | | | | 0.18 | | | | | | 1.20 | | | | | | — | | | | | | 1.38 | | | | | | — | | | | | | 13.40 | | | | | | (6.22) | | | | | | 0.30 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 3.14 | | | | | | 446 | | | | | | 39 | | |
Voya Index Solution 2060 Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.49 | | | | | | 0.17• | | | | | | (1.23) | | | | | | (1.06) | | | | | | 0.07 | | | | | | 0.34 | | | | | | — | | | | | | 0.41 | | | | | | — | | | | | | 11.02 | | | | | | (8.88) | | | | | | 0.81 | | | | | | 0.72 | | | | | | 0.72 | | | | | | 1.42 | | | | | | 6,029 | | | | | | 40 | | |
12-31-17 | | | | | 10.48 | | | | | | 0.16• | | | | | | 1.97 | | | | | | 2.13 | | | | | | 0.03 | | | | | | 0.09 | | | | | | — | | | | | | 0.12 | | | | | | — | | | | | | 12.49 | | | | | | 20.44 | | | | | | 0.90 | | | | | | 0.70 | | | | | | 0.70 | | | | | | 1.40 | | | | | | 4,579 | | | | | | 51 | | |
12-31-16 | | | | | 9.77 | | | | | | 0.21• | | | | | | 0.56 | | | | | | 0.77 | | | | | | 0.02 | | | | | | 0.04 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 10.48 | | | | | | 7.87 | | | | | | 1.91 | | | | | | 0.64 | | | | | | 0.64 | | | | | | 2.06 | | | | | | 1,690 | | | | | | 63 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.20• | | | | | | (0.43) | | | | | | (0.23) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.77 | | | | | | (2.30) | | | | | | 36.51 | | | | | | 0.65 | | | | | | 0.65 | | | | | | 2.29 | | | | | | 87 | | | | | | 208 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.65 | | | | | | 0.25• | | | | | | (1.27) | | | | | | (1.02) | | | | | | 0.10 | | | | | | 0.34 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 11.19 | | | | | | (8.46) | | | | | | 0.31 | | | | | | 0.22 | | | | | | 0.22 | | | | | | 2.05 | | | | | | 3,020 | | | | | | 40 | | |
12-31-17 | | | | | 10.57 | | | | | | 0.31• | | | | | | 1.91 | | | | | | 2.22 | | | | | | 0.05 | | | | | | 0.09 | | | | | | — | | | | | | 0.14 | | | | | | — | | | | | | 12.65 | | | | | | 21.11 | | | | | | 0.40 | | | | | | 0.20 | | | | | | 0.20 | | | | | | 2.60 | | | | | | 1,563 | | | | | | 51 | | |
12-31-16 | | | | | 9.82 | | | | | | 0.26• | | | | | | 0.54 | | | | | | 0.80 | | | | | | 0.01 | | | | | | 0.04 | | | | | | — | | | | | | 0.05 | | | | | | — | | | | | | 10.57 | | | | | | 8.24 | | | | | | 1.41 | | | | | | 0.14 | | | | | | 0.14 | | | | | | 2.52 | | | | | | 146 | | | | | | 63 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.51• | | | | | | (0.69) | | | | | | (0.18) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.82 | | | | | | (1.80) | | | | | | 36.01 | | | | | | 0.15 | | | | | | 0.15 | | | | | | 5.86 | | | | | | 32 | | | | | | 208 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.56 | | | | | | 0.21• | | | | | | (1.25) | | | | | | (1.04) | | | | | | 0.08 | | | | | | 0.34 | | | | | | — | | | | | | 0.42 | | | | | | — | | | | | | 11.10 | | | | | | (8.66) | | | | | | 0.56 | | | | | | 0.47 | | | | | | 0.47 | | | | | | 1.70 | | | | | | 3,057 | | | | | | 40 | | |
12-31-17 | | | | | 10.52 | | | | | | 0.18• | | | | | | 1.99 | | | | | | 2.17 | | | | | | 0.04 | | | | | | 0.09 | | | | | | — | | | | | | 0.13 | | | | | | — | | | | | | 12.56 | | | | | | 20.76 | | | | | | 0.65 | | | | | | 0.45 | | | | | | 0.45 | | | | | | 1.51 | | | | | | 2,294 | | | | | | 51 | | |
12-31-16 | | | | | 9.79 | | | | | | 0.25• | | | | | | 0.54 | | | | | | 0.79 | | | | | | 0.02 | | | | | | 0.04 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 10.52 | | | | | | 8.06 | | | | | | 1.66 | | | | | | 0.39 | | | | | | 0.39 | | | | | | 2.46 | | | | | | 863 | | | | | | 63 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.58• | | | | | | (0.79) | | | | | | (0.21) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.79 | | | | | | (2.10) | | | | | | 36.26 | | | | | | 0.40 | | | | | | 0.40 | | | | | | 6.61 | | | | | | 131 | | | | | | 208 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | Ratios to average net assets | | | Supplemental Data | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya Index Solution 2060 Portfolio (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.51 | | | | | | 0.15• | | | | | | (1.20) | | | | | | (1.05) | �� | | | | | 0.05 | | | | | | 0.34 | | | | | | — | | | | | | 0.39 | | | | | | — | | | | | | 11.07 | | | | | | (8.75) | | | | | | 0.71 | | | | | | 0.62 | | | | | | 0.62 | | | | | | 1.18 | | | | | | 751 | | | | | | 40 | | |
12-31-17 | | | | | 10.50 | | | | | | 0.20• | | | | | | 1.95 | | | | | | 2.15 | | | | | | 0.05 | | | | | | 0.09 | | | | | | — | | | | | | 0.14 | | | | | | — | | | | | | 12.51 | | | | | | 20.54 | | | | | | 0.80 | | | | | | 0.60 | | | | | | 0.60 | | | | | | 1.68 | | | | | | 993 | | | | | | 51 | | |
12-31-16 | | | | | 9.77 | | | | | | 0.26• | | | | | | 0.51 | | | | | | 0.77 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 0.04 | | | | | | — | | | | | | 10.50 | | | | | | 7.92 | | | | | | 1.84 | | | | | | 0.54 | | | | | | 0.54 | | | | | | 2.61 | | | | | | 139 | | | | | | 63 | | |
02-09-15(5) - 12-31-15 | | | | | 10.00 | | | | | | 0.06• | | | | | | (0.29) | | | | | | (0.23) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.77 | | | | | | (2.30) | | | | | | 36.51 | | | | | | 0.55 | | | | | | 0.55 | | | | | | 0.73 | | | | | | 4 | | | | | | 208 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-18 | | | | | 12.70 | | | | | | 0.29• | | | | | | (1.29) | | | | | | (1.00) | | | | | | 0.10 | | | | | | 0.34 | | | | | | — | | | | | | 0.44 | | | | | | — | | | | | | 11.26 | | | | | | (8.27) | | | | | | 0.31 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.29 | | | | | | 32,971 | | | | | | 40 | | |
12-31-17 | | | | | 10.60 | | | | | | 0.26• | | | | | | 1.98 | | | | | | 2.24 | | | | | | 0.05 | | | | | | 0.09 | | | | | | — | | | | | | 0.14 | | | | | | — | | | | | | 12.70 | | | | | | 21.24 | | | | | | 0.40 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 2.16 | | | | | | 15,056 | | | | | | 51 | | |
12-31-16 | | | | | 9.82 | | | | | | 0.50• | | | | | | 0.34 | | | | | | 0.84 | | | | | | 0.02 | | | | | | 0.04 | | | | | | — | | | | | | 0.06 | | | | | | — | | | | | | 10.60 | | | | | | 8.58 | | | | | | 1.41 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 4.95 | | | | | | 3,068 | | | | | | 63 | | |
05-01-15(5) - 12-31-15 | | | | | 10.46 | | | | | | 0.03• | | | | | | (0.67) | | | | | | (0.64) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9.82 | | | | | | (6.12) | | | | | | 35.54 | | | | | | 0.00* | | | | | | 0.00* | | | | | | 0.52 | | | | | | 143 | | | | | | 208 | | |
| | | Purchased | | | Sold | | ||||||
Index Solution Income | | | | $ | 46,103,838 | | | | | $ | 11,605,753 | | |
Index Solution 2020 | | | | | 23,042,330 | | | | | | 7,081,006 | | |
Index Solution 2025 | | | | | 27,218,620 | | | | | | 20,419,582 | | |
Index Solution 2030 | | | | | 10,925,496 | | | | | | 11,289,824 | | |
Index Solution 2035 | | | | | 23,544,372 | | | | | | 23,647,836 | | |
Index Solution 2040 | | | | | 7,337,469 | | | | | | 7,446,706 | | |
Index Solution 2045 | | | | | 18,140,206 | | | | | | 18,338,457 | | |
Index Solution 2050 | | | | | 5,387,848 | | | | | | 5,575,684 | | |
Index Solution 2055 | | | | | 7,109,969 | | | | | | 7,168,802 | | |
| | | Purchases | | | Sales | | ||||||
Index Solution Income | | | | $ | 168,868,434 | | | | | $ | 227,510,366 | | |
Index Solution 2020 | | | | | 170,287,109 | | | | | | 118,708,160 | | |
Index Solution 2025 | | | | | 361,957,845 | | | | | | 298,491,780 | | |
Index Solution 2030 | | | | | 242,007,005 | | | | | | 121,277,916 | | |
Index Solution 2035 | | | | | 347,122,354 | | | | | | 265,711,672 | | |
Index Solution 2040 | | | | | 179,243,199 | | | | | | 73,248,038 | | |
Index Solution 2045 | | | | | 232,268,117 | | | | | | 168,568,076 | | |
Index Solution 2050 | | | | | 123,235,119 | | | | | | 44,475,502 | | |
Index Solution 2055 | | | | | 117,367,207 | | | | | | 60,624,198 | | |
Index Solution 2060 | | | | | 40,861,188 | | | | | | 14,501,477 | | |
Subsidiary | | | Portfolio | | | Percentage | | |||
Voya Institutional Trust Company | | | Index Solution Income | | | | | 37.80% | | |
| | | Index Solution 2020 | | | | | 9.48 | | |
| | | Index Solution 2025 | | | | | 14.09 | | |
| | | Index Solution 2030 | | | | | 6.48 | | |
| | | Index Solution 2035 | | | | | 12.57 | | |
| | | Index Solution 2040 | | | | | 6.11 | | |
| | | Index Solution 2045 | | | | | 10.77 | | |
| | | Index Solution 2050 | | | | | 5.26 | | |
| | | Index Solution 2055 | | | | | 8.14 | | |
Voya Retirement Insurance and Annuity Company | | | Index Solution Income | | | | | 62.16 | | |
| | | Index Solution 2020 | | | | | 90.52 | | |
| | | Index Solution 2025 | | | | | 85.91 | | |
| | | Index Solution 2030 | | | | | 93.52 | | |
| | | Index Solution 2035 | | | | | 87.39 | | |
| | | Index Solution 2040 | | | | | 93.89 | | |
| | | Index Solution 2045 | | | | | 89.23 | | |
| | | Index Solution 2050 | | | | | 94.74 | | |
| | | Index Solution 2055 | | | | | 91.86 | | |
| | | Index Solution 2060 | | | | | 95.26 | | |
Portfolio | | | Class ADV(1)(2) | | | Class I(1)(2) | | | Class S(1)(2) | | | Class S2(1)(2) | | | Class Z(3)(4) | | |||||||||||||||
Index Solution Income | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2020 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2025 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2030 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2035 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2040 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2045 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2050 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2055 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Index Solution 2060 | | | | | 0.89% | | | | | | 0.39% | | | | | | 0.64% | | | | | | 0.79% | | | | | | 0.00% | | |
Portfolio | | | Days Utilized | | | Approximate Average Daily Balance For Days Utilized | | | Approximate Weighted Average Interest Rate For Days Utilized | | |||||||||
Index Solution Income | | | | | 5 | | | | | $ | 540,000 | | | | | | 2.42% | | |
Index Solution 2025 | | | | | 6 | | | | | | 917,833 | | | | | | 2.42 | | |
Index Solution 2030 | | | | | 2 | | | | | | 506,000 | | | | | | 3.20 | | |
Index Solution 2035 | | | | | 10 | | | | | | 858,200 | | | | | | 2.65 | | |
Index Solution 2045 | | | | | 8 | | | | | | 866,875 | | | | | | 2.40 | | |
Index Solution 2055 | | | | | 1 | | | | | | 506,000 | | | | | | 3.20 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | |||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | |||||||||||||||||||||||||||||
Index Solution Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 646,418 | | | | | | — | | | | | | 313,830 | | | | | | (2,564,995) | | | | | | (1,604,747) | | | | | | 6,566,562 | | | | | | — | | | | | | 3,141,436 | | | | | | (25,972,388) | | | | | | (16,264,390) |
12/31/2017 | | | | | 930,637 | | | | | | — | | | | | | 233,642 | | | | | | (2,789,140) | | | | | | (1,624,861) | | | | | | 9,343,093 | | | | | | — | | | | | | 2,350,443 | | | | | | (28,064,554) | | | | | | (16,371,018) |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 249,741 | | | | | | — | | | | | | 78,017 | | | | | | (354,127) | | | | | | (26,369) | | | | | | 2,599,791 | | | | | | — | | | | | | 800,450 | | | | | | (3,706,148) | | | | | | (305,907) |
12/31/2017 | | | | | 537,961 | | | | | | — | | | | | | 56,418 | | | | | | (1,402,039) | | | | | | (807,660) | | | | | | 5,533,204 | | | | | | — | | | | | | 581,105 | | | | | | (14,381,478) | | | | | | (8,267,169) |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 413,680 | | | | | | — | | | | | | 530,229 | | | | | | (2,667,750) | | | | | | (1,723,841) | | | | | | 4,279,638 | | | | | | — | | | | | | 5,392,426 | | | | | | (27,335,509) | | | | | | (17,663,445) |
12/31/2017 | | | | | 811,061 | | | | | | — | | | | | | 384,341 | | | | | | (2,878,783) | | | | | | (1,683,381) | | | | | | 8,351,325 | | | | | | — | | | | | | 3,924,123 | | | | | | (29,550,303) | | | | | | (17,274,855) |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 970,860 | | | | | | — | | | | | | 38,554 | | | | | | (575,130) | | | | | | 434,284 | | | | | | 9,407,825 | | | | | | — | | | | | | 383,617 | | | | | | (5,801,646) | | | | | | 3,989,796 |
12/31/2017 | | | | | 141,428 | | | | | | — | | | | | | 28,857 | | | | | | (343,395) | | | | | | (173,110) | | | | | | 1,419,452 | | | | | | — | | | | | | 288,562 | | | | | | (3,441,174) | | | | | | (1,733,160) |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 4,984,923 | | | | | | — | | | | | | 660,970 | | | | | | (3,605,443) | | | | | | 2,040,450 | | | | | | 52,215,088 | | | | | | — | | | | | | 6,821,212 | | | | | | (37,532,275) | | | | | | 21,504,025 |
12/31/2017 | | | | | 10,794,188 | | | | | | — | | | | | | 318,759 | | | | | | (2,349,521) | | | | | | 8,763,426 | | | | | | 111,907,543 | | | | | | — | | | | | | 3,295,965 | | | | | | (24,286,316) | | | | | | 90,917,192 |
Index Solution 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 917,597 | | | | | | — | | | | | | 74,293 | | | | | | (610,242) | | | | | | 381,648 | | | | | | 11,974,728 | | | | | | — | | | | | | 956,903 | | | | | | (7,888,365) | | | | | | 5,043,266 |
12/31/2017 | | | | | 913,902 | | | | | | — | | | | | | 17,891 | | | | | | (413,898) | | | | | | 517,895 | | | | | | 11,558,777 | | | | | | — | | | | | | 228,296 | | | | | | (5,270,808) | | | | | | 6,516,265 |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Index Solution 2020 (continued) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 219,724 | | | | | | — | | | | | | 21,709 | | | | | | (40,316) | | | | | | 201,117 | | | | | | 2,954,136 | | | | | | — | | | | | | 286,342 | | | | | | (535,987) | | | | | | 2,704,491 | | |
12/31/2017 | | | | | 271,086 | | | | | | — | | | | | | 4,488 | | | | | | (169,589) | | | | | | 105,985 | | | | | | 3,501,712 | | | | | | — | | | | | | 58,524 | | | | | | (2,200,177) | | | | | | 1,360,059 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 364,926 | | | | | | — | | | | | | 32,200 | | | | | | (360,293) | | | | | | 36,833 | | | | | | 4,854,248 | | | | | | — | | | | | | 423,433 | | | | | | (4,831,340) | | | | | | 446,341 | | |
12/31/2017 | | | | | 712,715 | | | | | | — | | | | | | 10,139 | | | | | | (552,714) | | | | | | 170,140 | | | | | | 9,279,960 | | | | | | — | | | | | | 131,810 | | | | | | (7,180,846) | | | | | | 2,230,924 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 244,016 | | | | | | — | | | | | | 9,336 | | | | | | (92,766) | | | | | | 160,586 | | | | | | 3,080,944 | | | | | | — | | | | | | 122,211 | | | | | | (1,233,752) | | | | | | 1,969,403 | | |
12/31/2017 | | | | | 85,453 | | | | | | — | | | | | | 4,333 | | | | | | (81,796) | | | | | | 7,990 | | | | | | 1,107,885 | | | | | | — | | | | | | 56,077 | | | | | | (1,070,572) | | | | | | 93,390 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 6,508,892 | | | | | | — | | | | | | 725,700 | | | | | | (2,234,378) | | | | | | 5,000,214 | | | | | | 87,597,877 | | | | | | — | | | | | | 9,630,042 | | | | | | (29,945,071) | | | | | | 67,282,848 | | |
12/31/2017 | | | | | 9,624,424 | | | | | | — | | | | | | 174,801 | | | | | | (882,680) | | | | | | 8,916,545 | | | | | | 124,918,953 | | | | | | — | | | | | | 2,286,394 | | | | | | (11,547,481) | | | | | | 115,657,866 | | |
Index Solution 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,574,538 | | | | | | — | | | | | | 734,479 | | | | | | (3,954,518) | | | | | | (1,645,501) | | | | | | 17,068,237 | | | | | | — | | | | | | 7,866,273 | | | | | | (42,487,852) | | | | | | (17,553,342) | | |
12/31/2017 | | | | | 2,331,125 | | | | | | — | | | | | | 713,057 | | | | | | (4,837,701) | | | | | | (1,793,519) | | | | | | 24,422,337 | | | | | | — | | | | | | 7,437,183 | | | | | | (50,598,037) | | | | | | (18,738,517) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 790,888 | | | | | | — | | | | | | 212,475 | | | | | | (884,820) | | | | | | 118,543 | | | | | | 8,739,612 | | | | | | — | | | | | | 2,326,597 | | | | | | (9,829,167) | | | | | | 1,237,042 | | |
12/31/2017 | | | | | 1,254,968 | | | | | | — | | | | | | 193,862 | | | | | | (1,621,412) | | | | | | (172,582) | | | | | | 13,463,987 | | | | | | — | | | | | | 2,066,567 | | | | | | (17,317,078) | | | | | | (1,786,524) | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,087,070 | | | | | | — | | | | | | 466,840 | | | | | | (3,130,442) | | | | | | (1,576,532) | | | | | | 11,943,091 | | | | | | — | | | | | | 5,065,217 | | | | | | (34,400,022) | | | | | | (17,391,714) | | |
12/31/2017 | | | | | 1,705,397 | | | | | | — | | | | | | 489,675 | | | | | | (3,663,933) | | | | | | (1,468,861) | | | | | | 18,232,274 | | | | | | — | | | | | | 5,170,966 | | | | | | (39,073,344) | | | | | | (15,670,104) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 905,536 | | | | | | — | | | | | | 91,023 | | | | | | (1,519,829) | | | | | | (523,270) | | | | | | 9,791,867 | | | | | | — | | | | | | 971,219 | | | | | | (16,460,233) | | | | | | (5,697,147) | | |
12/31/2017 | | | | | 412,384 | | | | | | — | | | | | | 114,415 | | | | | | (841,511) | | | | | | (314,712) | | | | | | 4,293,865 | | | | | | — | | | | | | 1,187,624 | | | | | | (8,815,543) | | | | | | (3,334,054) | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 12,372,507 | | | | | | — | | | | | | 1,583,684 | | | | | | (3,123,954) | | | | | | 10,832,237 | | | | | | 137,566,174 | | | | | | — | | | | | | 17,452,190 | | | | | | (34,622,269) | | | | | | 120,396,095 | | |
12/31/2017 | | | | | 21,218,668 | | | | | | — | | | | | | 922,006 | | | | | | (829,989) | | | | | | 21,310,685 | | | | | | 228,894,092 | | | | | | — | | | | | | 9,865,461 | | | | | | (8,964,104) | | | | | | 229,795,449 | | |
Index Solution 2030 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 898,458 | | | | | | — | | | | | | 61,107 | | | | | | (364,897) | | | | | | 594,668 | | | | | | 13,594,463 | | | | | | — | | | | | | 919,660 | | | | | | (5,502,144) | | | | | | 9,011,979 | | |
12/31/2017 | | | | | 791,344 | | | | | | — | | | | | | 11,541 | | | | | | (243,965) | | | | | | 558,920 | | | | | | 11,223,971 | | | | | | — | | | | | | 166,649 | | | | | | (3,496,094) | | | | | | 7,894,526 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 242,079 | | | | | | — | | | | | | 14,342 | | | | | | (128,679) | | | | | | 127,742 | | | | | | 3,769,376 | | | | | | — | | | | | | 221,300 | | | | | | (1,949,972) | | | | | | 2,040,704 | | |
12/31/2017 | | | | | 242,273 | | | | | | — | | | | | | 2,187 | | | | | | (88,949) | | | | | | 155,511 | | | | | | 3,506,149 | | | | | | — | | | | | | 32,270 | | | | | | (1,243,412) | | | | | | 2,295,007 | | |
Index Solution 2030 | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 334,909 | | | | | | — | | | | | | 25,868 | | | | | | (356,431) | | | | | | 4,346 | | | | | | 5,199,413 | | | | | | — | | | | | | 396,823 | | | | | | (5,531,063) | | | | | | 65,173 | | |
12/31/2017 | | | | | 411,638 | | | | | | — | | | | | | 6,889 | | | | | | (118,075) | | | | | | 300,452 | | | | | | 5,934,899 | | | | | | — | | | | | | 101,132 | | | | | | (1,712,929) | | | | | | 4,323,102 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 163,235 | | | | | | — | | | | | | 3,205 | | | | | | (122,928) | | | | | | 43,512 | | | | | | 2,462,246 | | | | | | — | | | | | | 48,650 | | | | | | (1,869,413) | | | | | | 641,483 | | |
12/31/2017 | | | | | 65,546 | | | | | | — | | | | | | 1,219 | | | | | | (80,232) | | | | | | (13,467) | | | | | | 943,460 | | | | | | — | | | | | | 17,702 | | | | | | (1,164,903) | | | | | | (203,741) | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 7,888,028 | | | | | | — | | | | | | 754,504 | | | | | | (1,252,311) | | | | | | 7,390,221 | | | | | | 122,508,691 | | | | | | — | | | | | | 11,687,273 | | | | | | (19,495,167) | | | | | | 114,700,797 | | |
12/31/2017 | | | | | 12,011,403 | | | | | | — | | | | | | 134,910 | | | | | | (465,780) | | | | | | 11,680,533 | | | | | | 175,494,462 | | | | | | — | | | | | | 1,993,970 | | | | | | (6,842,286) | | | | | | 170,646,146 | | |
Index Solution 2035 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,633,874 | | | | | | — | | | | | | 667,403 | | | | | | (3,884,915) | | | | | | (1,583,638) | | | | | | 18,404,417 | | | | | | — | | | | | | 7,461,570 | | | | | | (43,541,953) | | | | | | (17,675,966) | | |
12/31/2017 | | | | | 2,021,115 | | | | | | — | | | | | | 727,136 | | | | | | (4,195,526) | | | | | | (1,447,275) | | | | | | 21,592,596 | | | | | | — | | | | | | 7,751,266 | | | | | | (44,860,941) | | | | | | (15,517,079) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 836,090 | | | | | | — | | | | | | 201,420 | | | | | | (645,974) | | | | | | 391,536 | | | | | | 9,597,012 | | | | | | — | | | | | | 2,310,284 | | | | | | (7,496,219) | | | | | | 4,411,077 | | |
12/31/2017 | | | | | 1,407,166 | | | | | | — | | | | | | 192,475 | | | | | | (1,260,541) | | | | | | 339,100 | | | | | | 15,571,838 | | | | | | — | | | | | | 2,101,828 | | | | | | (13,954,535) | | | | | | 3,719,131 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Index Solution 2035 (continued) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,134,978 | | | | | | — | | | | | | 361,206 | | | | | | (2,719,219) | | | | | | (1,223,035) | | | | | | 13,011,612 | | | | | | — | | | | | | 4,099,685 | | | | | | (31,371,572) | | | | | | (14,260,275) | | |
12/31/2017 | | | | | 1,602,844 | | | | | | — | | | | | | 435,693 | | | | | | (3,178,025) | | | | | | (1,139,488) | | | | | | 17,537,584 | | | | | | — | | | | | | 4,705,487 | | | | | | (34,600,968) | | | | | | (12,357,897) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 803,649 | | | | | | — | | | | | | 99,584 | | | | | | (1,260,153) | | | | | | (356,920) | | | | | | 8,960,826 | | | | | | — | | | | | | 1,112,359 | | | | | | (14,237,920) | | | | | | (4,164,735) | | |
12/31/2017 | | | | | 452,571 | | | | | | — | | | | | | 127,982 | | | | | | (553,780) | | | | | | 26,773 | | | | | | 4,873,063 | | | | | | — | | | | | | 1,361,732 | | | | | | (5,987,023) | | | | | | 247,772 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 12,072,843 | | | | | | — | | | | | | 1,448,384 | | | | | | (2,255,782) | | | | | | 11,265,445 | | | | | | 140,408,639 | | | | | | — | | | | | | 16,743,315 | | | | | | (26,104,816) | | | | | | 131,047,138 | | |
12/31/2017 | | | | | 17,907,971 | | | | | | — | | | | | | 877,565 | | | | | | (668,817) | | | | | | 18,116,719 | | | | | | 198,209,750 | | | | | | — | | | | | | 9,635,664 | | | | | | (7,398,643) | | | | | | 200,446,771 | | |
Index Solution 2040 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 573,094 | | | | | | — | | | | | | 31,802 | | | | | | (218,826) | | | | | | 386,070 | | | | | | 9,108,294 | | | | | | — | | | | | | 505,650 | | | | | | (3,412,458) | | | | | | 6,201,486 | | |
12/31/2017 | | | | | 449,349 | | | | | | — | | | | | | 5,956 | | | | | | (145,457) | | | | | | 309,848 | | | | | | 6,626,075 | | | | | | — | | | | | | 89,221 | | | | | | (2,170,039) | | | | | | 4,545,257 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 140,969 | | | | | | — | | | | | | 7,141 | | | | | | (38,031) | | | | | | 110,079 | | | | | | 2,307,181 | | | | | | — | | | | | | 116,176 | | | | | | (618,585) | | | | | | 1,804,772 | | |
12/31/2017 | | | | | 154,447 | | | | | | — | | | | | | 891 | | | | | | (43,353) | | | | | | 111,985 | | | | | | 2,356,478 | | | | | | — | | | | | | 13,613 | | | | | | (660,814) | | | | | | 1,709,277 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 270,370 | | | | | | — | | | | | | 16,669 | | | | | | (281,941) | | | | | | 5,098 | | | | | | 4,374,460 | | | | | | — | | | | | | 271,036 | | | | | | (4,584,355) | | | | | | 61,141 | | |
12/31/2017 | | | | | 288,103 | | | | | | — | | | | | | 5,040 | | | | | | (117,275) | | | | | | 175,868 | | | | | | 4,320,234 | | | | | | — | | | | | | 77,007 | | | | | | (1,764,952) | | | | | | 2,632,289 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 88,961 | | | | | | — | | | | | | 3,509 | | | | | | (65,060) | | | | | | 27,410 | | | | | | 1,419,428 | | | | | | — | | | | | | 56,322 | | | | | | (1,035,113) | | | | | | 440,637 | | |
12/31/2017 | | | | | 93,905 | | | | | | — | | | | | | 958 | | | | | | (37,851) | | | | | | 57,012 | | | | | | 1,406,195 | | | | | | — | | | | | | 14,469 | | | | | | (589,183) | | | | | | 831,481 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 6,451,257 | | | | | | — | | | | | | 455,971 | | | | | | (703,682) | | | | | | 6,203,546 | | | | | | 105,316,683 | | | | | | — | | | | | | 7,459,687 | | | | | | (11,577,636) | | | | | | 101,198,734 | | |
12/31/2017 | | | | | 7,023,535 | | | | | | — | | | | | | 86,062 | | | | | | (290,672) | | | | | | 6,818,925 | | | | | | 106,754,350 | | | | | | — | | | | | | 1,319,336 | | | | | | (4,425,666) | | | | | | 103,648,020 | | |
Index Solution 2045 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | �� | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,366,385 | | | | | | — | | | | | | 450,302 | | | | | | (2,552,318) | | | | | | (735,631) | | | | | | 15,933,626 | | | | | | — | | | | | | 5,250,526 | | | | | | (29,675,869) | | | | | | (8,491,717) | | |
12/31/2017 | | | | | 1,726,176 | | | | | | — | | | | | | 503,085 | | | | | | (3,329,734) | | | | | | (1,100,473) | | | | | | 19,002,994 | | | | | | — | | | | | | 5,538,963 | | | | | | (36,429,062) | | | | | | (11,887,105) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 607,911 | | | | | | — | | | | | | 153,129 | | | | | | (664,458) | | | | | | 96,582 | | | | | | 7,278,406 | | | | | | — | | | | | | 1,842,140 | | | | | | (8,102,621) | | | | | | 1,017,925 | | |
12/31/2017 | | | | | 1,157,158 | | | | | | — | | | | | | 155,507 | | | | | | (747,667) | | | | | | 564,998 | | | | | | 13,354,064 | | | | | | — | | | | | | 1,765,007 | | | | | | (8,633,220) | | | | | | 6,485,851 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 938,875 | | | | | | — | | | | | | 240,602 | | | | | | (2,319,027) | | | | | | (1,139,550) | | | | | | 11,167,516 | | | | | | — | | | | | | 2,853,544 | | | | | | (27,873,850) | | | | | | (13,852,790) | | |
12/31/2017 | | | | | 1,223,267 | | | | | | — | | | | | | 304,151 | | | | | | (1,616,612) | | | | | | (89,194) | | | | | | 13,827,091 | | | | | | — | | | | | | 3,403,451 | | | | | | (18,295,647) | | | | | | (1,065,105) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | �� | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 513,445 | | | | | | — | | | | | | 49,873 | | | | | | (641,433) | | | | | | (78,115) | | | | | | 5,955,261 | | | | | | — | | | | | | 582,513 | | | | | | (7,514,758) | | | | | | (976,984) | | |
12/31/2017 | | | | | 338,771 | | | | | | — | | | | | | 69,460 | | | | | | (588,961) | | | | | | (180,730) | | | | | | 3,757,788 | | | | | | — | | | | | | 765,452 | | | | | | (6,606,568) | | | | | | (2,083,328) | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 8,277,089 | | | | | | — | | | | | | 888,190 | | | | | | (918,262) | | | | | | 8,247,017 | | | | | | 100,339,917 | | | | | | — | | | | | | 10,755,975 | | | | | | (11,175,403) | | | | | | 99,920,489 | | |
12/31/2017 | | | | | 11,199,900 | | | | | | — | | | | | | 536,329 | | | | | | (297,498) | | | | | | 11,438,731 | | | | | | 128,873,840 | | | | | | — | | | | | | 6,114,153 | | | | | | (3,382,466) | | | | | | 131,605,527 | | |
Index Solution 2050 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | |
12/31/2018 | | | | | 396,050 | | | | | | — | | | | | | 20,849 | | | | | | (122,425) | | | | | | 294,474 | | | | | | 6,356,813 | | | | | | — | | | | | | 337,544 | | | | | | (1,966,948) | | | | | | 4,727,409 | | |
12/31/2017 | | | | | 314,588 | | | | | | — | | | | | | 3,214 | | | | | | (78,651) | | | | | | 239,151 | | | | | | 4,701,219 | | | | | | — | | | | | | 48,761 | | | | | | (1,172,709) | | | | | | 3,577,271 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 113,349 | | | | | | — | | | | | | 7,022 | | | | | | (51,364) | | | | | | 69,007 | | | | | | 1,872,004 | | | | | | — | | | | | | 115,790 | | | | | | (840,145) | | | | | | 1,147,649 | | |
12/31/2017 | | | | | 154,928 | | | | | | — | | | | | | 1,154 | | | | | | (31,611) | | | | | | 124,471 | | | | | | 2,407,368 | | | | | | — | | | | | | 17,786 | | | | | | (505,666) | | | | | | 1,919,488 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 257,385 | | | | | | — | | | | | | 14,811 | | | | | | (251,708) | | | | | | 20,488 | | | | | | 4,224,161 | | | | | | — | | | | | | 243,786 | | | | | | (4,099,274) | | | | | | 368,673 | | |
12/31/2017 | | | | | 321,998 | | | | | | — | | | | | | 3,908 | | | | | | (124,234) | | | | | | 201,672 | | | | | | 4,861,028 | | | | | | — | | | | | | 60,144 | | | | | | (1,894,963) | | | | | | 3,026,209 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 84,930 | | | | | | — | | | | | | 3,479 | | | | | | (69,384) | | | | | | 19,025 | | | | | | 1,376,109 | | | | | | — | | | | | | 56,506 | | | | | | (1,129,775) | | | | | | 302,840 | | |
12/31/2017 | | | | | 76,415 | | | | | | — | | | | | | 810 | | | | | | (12,248) | | | | | | 64,977 | | | | | | 1,156,350 | | | | | | — | | | | | | 12,318 | | | | | | (187,015) | | | | | | 981,653 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | �� | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
Index Solution 2050 (continued) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 4,483,173 | | | | | | — | | | | | | 258,837 | | | | | | (199,481) | | | | | | 4,542,529 | | | | | | 73,564,239 | | | | | | — | | | | | | 4,286,340 | | | | | | (3,254,975) | | | | | | 74,595,604 | | |
12/31/2017 | | | | | 4,455,542 | | | | | | — | | | | | | 40,685 | | | | | | (165,668) | | | | | | 4,330,559 | | | | | | 68,197,933 | | | | | | — | | | | | | 628,184 | | | | | | (2,660,159) | | | | | | 66,165,958 | | |
Index Solution 2055 | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 610,126 | | | | | | — | | | | | | 110,669 | | | | | | (725,320) | | | | | | (4,525) | | | | | | 9,211,224 | | | | | | — | | | | | | 1,669,989 | | | | | | (10,760,076) | | | | | | 121,137 | | |
12/31/2017 | | | | | 809,648 | | | | | | — | | | | | | 105,480 | | | | | | (736,869) | | | | | | 178,259 | | | | | | 11,412,384 | | | | | | — | | | | | | 1,493,599 | | | | | | (10,321,415) | | | | | | 2,584,568 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 481,167 | | | | | | — | | | | | | 46,175 | | | | | | (211,966) | | | | | | 315,376 | | | | | | 7,406,714 | | | | | | — | | | | | | 712,946 | | | | | | (3,270,972) | | | | | | 4,848,688 | | |
12/31/2017 | | | | | 610,638 | | | | | | — | | | | | | 29,675 | | | | | | (208,095) | | | | | | 432,218 | | | | | | 9,041,962 | | | | | | — | | | | | | 429,094 | | | | | | (3,084,093) | | | | | | 6,386,963 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 581,849 | | | | | | — | | | | | | 61,738 | | | | | | (603,022) | | | | | | 40,565 | | | | | | 8,912,178 | | | | | | — | | | | | | 943,356 | | | | | | (9,303,908) | | | | | | 551,626 | | |
12/31/2017 | | | | | 722,021 | | | | | | — | | | | | | 67,779 | | | | | | (674,289) | | | | | | 115,511 | | | | | | 10,364,721 | | | | | | — | | | | | | 970,592 | | | | | | (9,818,180) | | | | | | 1,517,133 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 228,669 | | | | | | — | | | | | | 15,696 | | | | | | (333,062) | | | | | | (88,697) | | | | | | 3,434,189 | | | | | | — | | | | | | 237,947 | | | | | | (5,102,069) | | | | | | (1,429,933) | | |
12/31/2017 | | | | | 191,561 | | | | | | — | | | | | | 19,231 | | | | | | (50,210) | | | | | | 160,582 | | | | | | 2,727,755 | | | | | | — | | | | | | 273,267 | | | | | | (720,584) | | | | | | 2,280,438 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 3,572,627 | | | | | | — | | | | | | 220,039 | | | | | | (101,772) | | | | | | 3,690,894 | | | | | | 55,168,682 | | | | | | — | | | | | | 3,421,598 | | | | | | (1,573,175) | | | | | | 57,017,105 | | |
12/31/2017 | | | | | 3,153,324 | | | | | | — | | | | | | 111,223 | | | | | | (191,699) | | | | | | 3,072,848 | | | | | | 46,005,873 | | | | | | — | | | | | | 1,614,956 | | | | | | (2,876,458) | | | | | | 44,744,371 | | |
Index Solution 2060 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 273,165 | | | | | | — | | | | | | 15,577 | | | | | | (108,121) | | | | | | 180,621 | | | | | | 3,376,349 | | | | | | — | | | | | | 193,157 | | | | | | (1,334,225) | | | | | | 2,235,281 | | |
12/31/2017 | | | | | 261,267 | | | | | | — | | | | | | 2,888 | | | | | | (58,816) | | | | | | 205,339 | | | | | | 2,996,682 | | | | | | — | | | | | | 33,646 | | | | | | (660,336) | | | | | | 2,369,992 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 185,704 | | | | | | — | | | | | | 6,425 | | | | | | (45,913) | | | | | | 146,216 | | | | | | 2,309,386 | | | | | | — | | | | | | 80,758 | | | | | | (567,904) | | | | | | 1,822,240 | | |
12/31/2017 | | | | | 117,025 | | | | | | — | | | | | | 524 | | | | | | (7,861) | | | | | | 109,688 | | | | | | 1,410,297 | | | | | | — | | | | | | 6,165 | | | | | | (90,551) | | | | | | 1,325,911 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 203,589 | | | | | | — | | | | | | 7,722 | | | | | | (118,501) | | | | | | 92,810 | | | | | | 2,520,120 | | | | | | — | | | | | | 96,290 | | | | | | (1,466,279) | | | | | | 1,150,131 | | |
12/31/2017 | | | | | 201,475 | | | | | | — | | | | | | 2,022 | | | | | | (102,841) | | | | | | 100,656 | | | | | | 2,331,075 | | | | | | — | | | | | | 23,655 | | | | | | (1,230,125) | | | | | | 1,124,605 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 52,646 | | | | | | — | | | | | | 1,607 | | | | | | (65,675) | | | | | | (11,422) | | | | | | 648,889 | | | | | | — | | | | | | 19,991 | | | | | | (829,725) | | | | | | (160,845) | | |
12/31/2017 | | | | | 69,881 | | | | | | — | | | | | | 682 | | | | | | (4,451) | | | | | | 66,112 | | | | | | 789,688 | | | | | | — | | | | | | 7,953 | | | | | | (51,306) | | | | | | 746,335 | | |
Class Z | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2018 | | | | | 1,778,803 | | | | | | — | | | | | | 72,597 | | | | | | (109,524) | | | | | | 1,741,876 | | | | | | 22,328,388 | | | | | | — | | | | | | 916,901 | | | | | | (1,405,805) | | | | | | 21,839,484 | | |
12/31/2017 | | | | | 1,067,759 | | | | | | — | | | | | | 9,927 | | | | | | (181,654) | | | | | | 896,032 | | | | | | 12,487,641 | | | | | | — | | | | | | 117,236 | | | | | | (2,138,641) | | | | | | 10,466,236 | | |
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||||||||
| | | Ordinary Income | | | Long-term Capital Gains | | | Ordinary Income | | | Long-term Capital Gains | | ||||||||||||
Index Solution Income | | | | $ | 11,267,338 | | | | | $ | 5,271,803 | | | | | $ | 8,365,401 | | | | | $ | 2,074,797 | | |
Index Solution 2020 | | | | | 7,762,271 | | | | | | 3,656,660 | | | | | | 1,889,018 | | | | | | 872,083 | | |
Index Solution 2025 | | | | | 16,420,643 | | | | | | 17,260,853 | | | | | | 11,236,182 | | | | | | 14,491,619 | | |
| | | Year Ended December 31, 2018 | | | Year Ended December 31, 2017 | | ||||||||||||||||||
| | | Ordinary Income | | | Long-term Capital Gains | | | Ordinary Income | | | Long-term Capital Gains | | ||||||||||||
Index Solution 2030 | | | | | 7,286,508 | | | | | | 5,987,198 | | | | | | 1,505,792 | | | | | | 805,931 | | |
Index Solution 2035 | | | | | 13,230,213 | | | | | | 18,497,000 | | | | | | 9,490,084 | | | | | | 16,065,893 | | |
Index Solution 2040 | | | | | 4,272,668 | | | | | | 4,136,203 | | | | | | 982,525 | | | | | | 531,121 | | |
Index Solution 2045 | | | | | 7,788,467 | | | | | | 13,496,231 | | | | | | 5,732,688 | | | | | | 11,854,338 | | |
Index Solution 2050 | | | | | 2,378,676 | | | | | | 2,661,290 | | | | | | 447,691 | | | | | | 319,502 | | |
Index Solution 2055 | | | | | 2,528,304 | | | | | | 4,457,532 | | | | | | 1,777,554 | | | | | | 3,003,954 | | |
Index Solution 2060 | | | | | 842,040 | | | | | | 465,057 | | | | | | 119,016 | | | | | | 69,639 | | |
| | | Undistributed Ordinary Income | | | Undistributed Long-term Capital Gains | | | Unrealized Appreciation/ (Depreciation) | | |||||||||
Index Solution Income | | | | $ | 10,289,535 | | | | | $ | 5,683,484 | | | | | $ | (25,376,572) | | |
Index Solution 2020 | | | | | 6,699,544 | | | | | | 8,577,881 | | | | | | (18,215,218) | | |
Index Solution 2025 | | | | | 18,242,867 | | | | | | 34,543,408 | | | | | | (54,118,123) | | |
Index Solution 2030 | | | | | 8,518,983 | | | | | | 16,025,556 | | | | | | (31,761,886) | | |
Index Solution 2035 | | | | | 16,876,343 | | | | | | 35,203,714 | | | | | | (52,434,843) | | |
Index Solution 2040 | | | | | 5,660,682 | | | | | | 12,539,929 | | | | | | (26,390,790) | | |
Index Solution 2045 | | | | | 11,096,472 | | | | | | 27,134,575 | | | | | | (41,894,034) | | |
Index Solution 2050 | | | | | 3,483,075 | | | | | | 7,929,796 | | | | | | (19,164,241) | | |
Index Solution 2055 | | | | | 4,151,116 | | | | | | 10,575,317 | | | | | | (19,613,032) | | |
Index Solution 2060 | | | | | 843,784 | | | | | | 1,828,381 | | | | | | (5,453,051) | | |
| | | Index Solution Income | | | Index Solution 2020 | | | Index Solution 2025 | | | Index Solution 2030 | | | Index Solution 2035 | | | |||||||||||||||||
Distributions from net investment income: | | | ||||||||||||||||||||||||||||||||
Class ADV | | | | $ | (1,816,969) | | | | | $ | (79,014) | | | | | $ | (2,898,267) | | | | | $ | (58,417) | | | | | $ | (2,542,369) | | | | ||
Class I | | | | | (477,109) | | | | | | (27,345) | | | | | | (972,502) | | | | | | (14,605) | | | | | | (849,548) | | | | ||
Class S | | | | | (3,137,969) | | | | | | (55,410) | | | | | | (2,234,419) | | | | | | (41,845) | | | | | | (1,725,491) | | | | ||
Class S2 | | | | | (227,246) | | | | | | (22,984) | | | | | | (488,424) | | | | | | (6,232) | | | | | | (476,736) | | | | ||
Class Z | | | | | (2,706,108) | | | | | | (1,068,310) | | | | | | (4,642,570) | | | | | | (903,881) | | | | | | (3,895,940) | | | | ||
| | | | $ | (8,365,401) | | | | | $ | (1,253,063) | | | | | $ | (11,236,182) | | | | | $ | (1,024,980) | | | | | $ | (9,490,084) | | | | ||
Distributions from net realized gains: | | | | | ||||||||||||||||||||||||||||||
Class ADV | | | | $ | (533,474) | | | | | $ | (149,282) | | | | | $ | (4,538,916) | | | | | $ | (108,232) | | | | | $ | (5,208,897) | | | | ||
Class I | | | | | (103,996) | | | | | | (31,179) | | | | | | (1,094,065) | | | | | | (17,665) | | | | | | (1,252,280) | | | | ||
Class S | | | | | (786,154) | | | | | | (76,400) | | | | | | (2,936,547) | | | | | | (59,287) | | | | | | (2,979,996) | | | | ||
Class S2 | | | | | (61,316) | | | | | | (33,093) | | | | | | (699,200) | | | | | | (11,470) | | | | | | (884,996) | | | | ||
Class Z | | | | | (589,857) | | | | | | (1,218,084) | | | | | | (5,222,891) | | | | | | (1,090,089) | | | | | | (5,739,724) | | | | ||
| | | | $ | (2,074,797) | | | | | $ | (1,508,038) | | | | | $ | (14,491,619) | | | | | $ | (1,286,743) | | | | | $ | (16,065,893) | | | | ||
Undistributed net investment income at end of year | | | | $ | 9,501,469 | | | | | $ | 4,129,729 | | | | | $ | 13,720,261 | | | | | $ | 4,654,056 | | | | | $ | 11,465,268 | | | | ||
|
| | | Index Solution 2040 | | | Index Solution 2045 | | | Index Solution 2050 | | | Index Solution 2055 | | | Index Solution 2060 | | | |||||||||||||||||
Distributions from net investment income: | | | | | ||||||||||||||||||||||||||||||
Class ADV | | | | $ | (31,439) | | | | | $ | (1,559,685) | | | | | $ | (16,369) | | | | | $ | (456,053) | | | | | $ | (8,650) | | | | ||
Class I | | | | | (5,997) | | | | | | (635,116) | | | | | | (7,797) | | | | | | (165,727) | | | | | | (2,146) | | | | ||
Class S | | | | | (31,144) | | | | | | (1,105,849) | | | | | | (24,109) | | | | | | (342,253) | | | | | | (7,545) | | | | ||
Class S2 | | | | | (5,696) | | | | | | (231,935) | | | | | | (4,649) | | | | | | (89,791) | | | | | | (2,620) | | | | ||
Class Z | | | | | (582,106) | | | | | | (2,200,103) | | | | | | (276,317) | | | | | | (623,931) | | | | | | (41,128) | | | | ||
| | | | $ | (656,382) | | | | | $ | (5,732,688) | | | | | $ | (329,241) | | | | | $ | (1,677,755) | | | | | $ | (62,089) | | | | ||
Distributions from net realized gains: | | | ||||||||||||||||||||||||||||||||
Class ADV | | | | $ | (57,782) | | | | | $ | (3,979,278) | | | | | $ | (32,392) | | | | | $ | (1,037,546) | | | | | $ | (24,996) | | | | ||
Class I | | | | | (7,616) | | | | | | (1,129,891) | | | | | | (9,989) | | | | | | (263,367) | | | | | | (4,019) | | | | ||
Class S | | | | | (45,863) | | | | | | (2,297,602) | | | | | | (36,035) | | | | | | (628,339) | | | | | | (16,110) | | | | ||
Class S2 | | | | | (8,773) | | | | | | (533,517) | | | | | | (7,669) | | | | | | (183,476) | | | | | | (5,333) | | | | ||
Class Z | | | | | (737,230) | | | | | | (3,914,050) | | | | | | (351,867) | | | | | | (991,025) | | | | | | (76,108) | | | | ||
| | | | $ | (857,264) | | | | | $ | (11,854,338) | | | | | $ | (437,952) | | | | | $ | (3,103,753) | | | | | $ | (126,566) | | | | ||
Undistributed net investment income at end of year | | | | $ | 2,672,039 | | | | | $ | 6,832,072 | | | | | $ | 1,463,804 | | | | | $ | 2,261,216 | | | | | $ | 286,755 | | | | ||
|
Voya Index Solution Income Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 13.9% | | ||||||||||||||||||
| | | 1,012,346 | | | | Invesco Senior Loan ETF | | | | $ | 22,048,896 | | | | | | 5.0 | | |
| | | 52,828 | | | | iShares 1-3 Year Treasury Bond ETF | | | | | 4,417,477 | | | | | | 1.0 | | |
| | | 580,815 | | | | Schwab U.S. TIPS ETF | | | | | 30,928,399 | | | | | | 6.9 | | |
| | | 42,168 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 2,210,025 | | | | | | 0.5 | | |
| | | 29,688 | | | | Vanguard Real Estate ETF | | | | | 2,213,834 | | | | | | 0.5 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $64,814,973) | | | | | 61,818,631 | | | | | | 13.9 | | |
| MUTUAL FUNDS: 76.2% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 74.7% | | ||||||||||||
| | | 1,236,950 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 13,284,845 | | | | | | 3.0 | | |
| | | 3,422,334 | | | | Voya International Index Portfolio - Class P2 | | | | | 31,040,572 | | | | | | 7.0 | | |
| | | 684,681 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 8,907,703 | | | | | | 2.0 | | |
| Shares | | | Value | | | Percentage of Net Assets | | | | | ||||||||||||||||||
| MUTUAL FUNDS: (continued) | | | | | ||||||||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | | | | ||||||||||||||||||
| | | 18,922,709 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | $ | 195,093,126 | | | | | | 43.9 | | | | | | ||||||
| | | 6,003,007 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | | 83,621,893 | | | | | | 18.8 | | | | | | ||||||
| | | | | | | | | | | | 331,948,139 | | | | | | 74.7 | | | | | | ||||||
| | | | | | | Unaffiliated Investment Companies: 1.5% | | | | | | | | | | | ||||||||||||
| | | 1,492,812 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 6,553,445 | | | | | | 1.5 | | | | | | ||||||
| | | | | | | Total Mutual Funds (Cost $353,497,242) | | | | | 338,501,584 | | | | | | 76.2 | | | | | | ||||||
| | | | | | | Total Investments in Securities (Cost $418,312,215) | | | | $ | 400,320,215 | | | | | | 90.1 | | | | | | ||||||
| | | | | | | Assets in Excess of Other Liabilities | | | | | 44,166,256 | | | | | | 9.9 | | | | | | ||||||
| | | | | | | Net Assets | | | | $ | 444,486,471 | | | | | | 100.0 | | | | | | ||||||
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 61,818,631 | | | | | $ | — | | | | | $ | — | | | | | $ | 61,818,631 | | |
Mutual Funds | | | | | 338,501,584 | | | | | | — | | | | | | — | | | | | | 338,501,584 | | |
Total Investments, at fair value | | | | $ | 400,320,215 | | | | | $ | — | | | | | $ | — | | | | | $ | 400,320,215 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 881,314 | | | | | | — | | | | | | — | | | | | | 881,314 | | |
Total Assets | | | | $ | 401,201,529 | | | | | $ | — | | | | | $ | — | | | | | $ | 401,201,529 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (263,781) | | | | | $ | — | | | | | $ | — | | | | | $ | (263,781) | | |
Total Liabilities | | | | $ | (263,781) | | | | | $ | — | | | | | $ | — | | | | | $ | (263,781) | | |
Voya Index Solution Income Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 14,476,644 | | | | | $ | 4,829,061 | | | | | $ | (3,239,174) | | | | | $ | (2,781,686) | | | | | $ | 13,284,845 | | | | | $ | 327,459 | | | | | $ | 379,155 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 33,672,294 | | | | | | 9,620,692 | | | | | | (6,531,161) | | | | | | (5,721,253) | | | | | | 31,040,572 | | | | | | 873,114 | | | | | | 404,179 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 14,368,964 | | | | | | 3,403,764 | | | | | | (6,387,627) | | | | | | (2,477,398) | | | | | | 8,907,703 | | | | | | 130,932 | | | | | | 521,636 | | | | | | 1,025,887 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 255,995,129 | | | | | | 61,089,884 | | | | | | (119,793,322) | | | | | | (2,198,565) | | | | | | 195,093,126 | | | | | | 5,561,976 | | | | | | (4,800,872) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 82,646,453 | | | | | | 46,892,072 | | | | | | (31,599,425) | | | | | | (14,317,207) | | | | | | 83,621,893 | | | | | | 1,504,640 | | | | | | 4,699,809 | | | | | | 5,295,949 | | |
| | | | $ | 401,159,484 | | | | | $ | 125,835,473 | | | | | $ | (167,550,709) | | | | | $ | (27,496,109) | | | | | $ | 331,948,139 | | | | | $ | 8,398,121 | | | | | $ | 1,203,907 | | | | | $ | 6,321,836 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||
Long Contracts | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | 36 | | | 03/15/19 | | | | $ | 4,509,360 | | | | | $ | (165,519) | | |
U.S. Treasury 2-Year Note | | | 229 | | | 03/29/19 | | | | | 48,619,563 | | | | | | 294,255 | | |
U.S. Treasury Ultra Long Bond | | | 55 | | | 03/20/19 | | | | | 8,836,094 | | | | | | 327,679 | | |
| | | | | | | | | | $ | 61,965,017 | | | | | $ | 456,415 | | |
Short Contracts | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | (91) | | | 03/15/19 | | | | | (4,398,940) | | | | | | (3,648) | | |
MSCI EAFE Mini Index | | | (51) | | | 03/15/19 | | | | | (4,375,800) | | | | | | 77,181 | | |
S&P Mid 400 E-Mini | | | (27) | | | 03/15/19 | | | | | (4,487,940) | | | | | | 182,199 | | |
U.S. Treasury 10-Year Note | | | (36) | | | 03/20/19 | | | | | (4,392,563) | | | | | | (94,614) | | |
| | | | | | | | | | $ | (17,655,243) | | | | | $ | 161,118 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 259,380 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 621,934 | | |
Total Asset Derivatives | | | | | | | $ | 881,314 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 169,167 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 94,614 | | |
Total Liability Derivatives | | | | | | | $ | 263,781 | | |
|
Voya Index Solution Income Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (538,430) | | |
Interest rate contracts | | | | | (160,064) | | |
Total | | | | $ | (698,494) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Future | | |||
Equity contracts | | | | $ | 104,479 | | |
Interest rate contracts | | | | | 527,320 | | |
Total | | | | $ | 631,799 | | |
|
| Cost for federal income tax purposes was $426,314,320. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 315,134 | | |
| Gross Unrealized Depreciation | | | | | (25,691,706) | | |
| Net Unrealized Depreciation | | | | $ | (25,376,572) | | |
|
Voya Index Solution 2020 Portfolio | as of December 31, 2018 |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
EXCHANGE-TRADED FUNDS: 11.9% | | ||||||||||||||||||
| | 683,294 | | | | Invesco Senior Loan ETF | | | | $ | 14,882,143 | | | | | | 4.9 | | |
| | 35,657 | | | | iShares 1-3 Year Treasury Bond ETF | | | | | 2,981,638 | | | | | | 1.0 | | |
| | 280,020 | | | | Schwab U.S. TIPS ETF | | | | | 14,911,065 | | | | | | 5.0 | | |
| | 28,462 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 1,491,694 | | | | | | 0.5 | | |
| | 20,039 | | | | Vanguard Real Estate ETF | | | | | 1,494,308 | | | | | | 0.5 | | |
| | | | | | Total Exchange-Traded Funds (Cost $37,317,692) | | | | | 35,760,848 | | | | | | 11.9 | | |
MUTUAL FUNDS: 80.9% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 79.4% | | ||||||||||||
| | 974,021 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 10,460,987 | | | | | | 3.5 | | |
| | 3,629,935 | | | | Voya International Index Portfolio - Class P2 | | | | | 32,923,512 | | | | | | 10.9 | | |
| | 462,151 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 6,012,581 | | | | | | 2.0 | | |
| | 229,791 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 3,001,069 | | | | | | 1.0 | | |
Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 10,668,207 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | $ | 109,989,214 | | | | | | 36.6 | | |
| | 5,476,853 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | | 76,292,563 | | | | | | 25.4 | | |
| | | | | | | | | | | 238,679,926 | | | | | | 79.4 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 1,008,001 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 4,425,125 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $257,972,168) | | | | | 243,105,051 | | | | | | 80.9 | | |
| | | | | | Total Investments in Securities (Cost $295,289,860) | | | | $ | 278,865,899 | | | | | | 92.8 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 21,580,222 | | | | | | 7.2 | | |
| | | | | | Net Assets | | | | $ | 300,446,121 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 35,760,848 | | | | | $ | — | | | | | $ | — | | | | | $ | 35,760,848 | | |
Mutual Funds | | | | | 243,105,051 | | | | | | — | | | | | | — | | | | | | 243,105,051 | | |
Total Investments, at fair value | | | | $ | 278,865,899 | | | | | $ | — | | | | | $ | — | | | | | $ | 278,865,899 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 539,966 | | | | | | — | | | | | | — | | | | | | 539,966 | | |
Total Assets | | | | $ | 279,405,865 | | | | | $ | — | | | | | $ | — | | | | | $ | 279,405,865 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (175,931) | | | | | $ | — | | | | | $ | — | | | | | $ | (175,931) | | |
Total Liabilities | | | | $ | (175,931) | | | | | $ | — | | | | | $ | — | | | | | $ | (175,931) | | |
Voya Index Solution 2020 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 8,585,472 | | | | | $ | 5,652,130 | | | | | $ | (1,780,161) | | | | | $ | (1,996,454) | | | | | $ | 10,460,987 | | | | | $ | 227,032 | | | | | $ | 187,514 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 26,895,855 | | | | | | 15,882,258 | | | | | | (3,684,875) | | | | | | (6,169,726) | | | | | | 32,923,512 | | | | | | 815,806 | | | | | | 706,425 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 7,304,529 | | | | | | 3,654,430 | | | | | | (3,493,993) | | | | | | (1,452,385) | | | | | | 6,012,581 | | | | | | 77,806 | | | | | | 180,347 | | | | | | 609,630 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 7,279,859 | | | | | | 2,469,529 | | | | | | (5,806,217) | | | | | | (942,102) | | | | | | 3,001,069 | | | | | | 29,722 | | | | | | 457,155 | | | | | | 155,061 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 95,759,479 | | | | | | 62,704,344 | | | | | | (47,414,450) | | | | | | (1,060,159) | | | | | | 109,989,214 | | | | | | 2,685,377 | | | | | | (1,471,975) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 56,837,468 | | | | | | 51,573,937 | | | | | | (20,963,544) | | | | | | (11,155,298) | | | | | | 76,292,563 | | | | | | 1,363,316 | | | | | | 2,049,458 | | | | | | 4,283,437 | | |
| | | | $ | 202,662,662 | | | | | $ | 141,936,628 | | | | | $ | (83,143,240) | | | | | $ | (22,776,124) | | | | | $ | 238,679,926 | | | | | $ | 5,199,059 | | | | | $ | 2,108,924 | | | | | $ | 5,048,128 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 24 | | | | | | 03/15/19 | | | | | $ | 3,006,240 | | | | | $ | (110,346) | | |
U.S. Treasury 2-Year Note | | | | | 116 | | | | | | 03/29/19 | | | | | | 24,628,250 | | | | | | 144,963 | | |
U.S. Treasury Ultra Long Bond | | | | | 37 | | | | | | 03/20/19 | | | | | | 5,944,281 | | | | | | 219,618 | | |
| | | | | | | | | | | | | | | | $ | 33,578,771 | | | | | $ | 254,235 | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (61) | | | | | | 03/15/19 | | | | | | (2,948,740) | | | | | | (2,445) | | |
MSCI EAFE Mini Index | | | | | (35) | | | | | | 03/15/19 | | | | | | (3,003,000) | | | | | | 51,491 | | |
S&P Mid 400 E-Mini | | | | | (18) | | | | | | 03/15/19 | | | | | | (2,991,960) | | | | | | 123,894 | | |
U.S. Treasury 10-Year Note | | | | | (25) | | | | | | 03/20/19 | | | | | | (3,050,390) | | | | | | (63,140) | | |
| | | | | | | | | | | | | | | | $ | (11,994,090) | | | | | $ | 109,800 | | |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 175,385 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 364,581 | | |
Total Asset Derivatives | | | | | | | $ | 539,966 | | |
Liability Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 112,791 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 63,140 | | |
Total Liability Derivatives | | | | | | | $ | 175,931 | | |
|
Voya Index Solution 2020 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (267,599) | | |
Interest rate contracts | | | | | (85,416) | | |
Total | | | | $ | (353,015) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | 70,435 | | |
Interest rate contracts | | | | | 301,441 | | |
Total | | | | $ | 371,876 | | |
|
| Cost for federal income tax purposes was $297,445,152. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 195,287 | | |
| Gross Unrealized Depreciation | | | | | (18,410,505) | | |
| Net Unrealized Depreciation | | | | $ | (18,215,218) | | |
|
Voya Index Solution 2025 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | | | | ||||||||||||||||||
| EXCHANGE-TRADED FUNDS: 12.1% | | | | | ||||||||||||||||||||||||
| | | 1,929,146 | | | | Invesco Senior Loan ETF | | | | $ | 42,016,800 | | | | | | 4.9 | | | | | | ||||||
| | | 427,844 | | | | iShares 1-3 Year Treasury Bond ETF | | | | | 35,776,315 | | | | | | 4.2 | | | | | | ||||||
| | | 316,232 | | | | Schwab U.S. TIPS ETF | | | | | 16,839,354 | | | | | | 2.0 | | | | | | ||||||
| | | 80,357 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 4,211,510 | | | | | | 0.5 | | | | | | ||||||
| | | 56,575 | | | | Vanguard Real Estate ETF | | | | | 4,218,798 | | | | | | 0.5 | | | | | | ||||||
| | | | | | | Total Exchange-Traded Funds (Cost $107,121,040) | | | | | 103,062,777 | | | | | | 12.1 | | | | | | ||||||
| MUTUAL FUNDS: 87.5% | | | | | ||||||||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 86.0% | | | | | | | | | | | ||||||||||||
| | | 3,923,839 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 42,142,033 | | | | | | 4.9 | | | | | | ||||||
| | | 13,027,430 | | | | Voya International Index Portfolio - Class P2 | | | | | 118,158,788 | | | | | | 13.9 | | | | | | ||||||
| | | 2,280,834 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 29,673,653 | | | | | | 3.5 | | | | | | ||||||
| | | 1,296,053 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 16,926,455 | | | | | | 2.0 | | | | | |
| Shares | | | Value | | | Percentage of Net Assets | | | | | ||||||||||||||||||
| MUTUAL FUNDS: (continued) | | | | | ||||||||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | | | | ||||||||||||||||||
| | | 25,159,656 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | $ | 259,396,057 | | | | | | 30.4 | | | | | | ||||||
| | | 19,152,922 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | | 266,800,205 | | | | | | 31.3 | | | | | | ||||||
| | | | | | | | | | | | 733,097,191 | | | | | | 86.0 | | | | | | ||||||
| | | | | | | Unaffiliated Investment Companies: 1.5% | | | | | | | | | | | ||||||||||||
| | | 2,844,165 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 12,485,886 | | | | | | 1.5 | | | | | | ||||||
| | | | | | | Total Mutual Funds (Cost $785,874,194) | | | | | 745,583,077 | | | | | | 87.5 | | | | | | ||||||
| | | | | | | Total Investments in Securities (Cost $892,995,234) | | | | $ | 848,645,854 | | | | | | 99.6 | | | | | | ||||||
| | | | | | | Assets in Excess of Other Liabilities | | | | | 3,298,610 | | | | | | 0.4 | | | | | | ||||||
| | | | | | | Net Assets | | | | $ | 851,944,464 | | | | | | 100.0 | | | | | | ||||||
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 103,062,777 | | | | | $ | — | | | | | $ | — | | | | | $ | 103,062,777 | | |
Mutual Funds | | | | | 745,583,077 | | | | | | — | | | | | | — | | | | | | 745,583,077 | | |
Total Investments, at fair value | | | | $ | 848,645,854 | | | | | $ | — | | | | | $ | — | | | | | $ | 848,645,854 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 1,158,121 | | | | | | — | | | | | | — | | | | | | 1,158,121 | | |
Total Assets | | | | $ | 849,803,975 | | | | | $ | — | | | | | $ | — | | | | | $ | 849,803,975 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (513,860) | | | | | $ | — | | | | | $ | — | | | | | $ | (513,860) | | |
Total Liabilities | | | | $ | (513,860) | | | | | $ | — | | | | | $ | — | | | | | $ | (513,860) | | |
Voya Index Solution 2025 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 42,316,947 | | | | | $ | 15,600,532 | | | | | $ | (6,988,446) | | | | | $ | (8,787,000) | | | | | $ | 42,142,033 | | | | | $ | 1,006,749 | | | | | $ | 1,311,541 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 118,119,420 | | | | | | 34,271,425 | | | | | | (12,820,273) | | | | | | (21,411,784) | | | | | | 118,158,788 | | | | | | 3,222,253 | | | | | | 908,329 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 37,804,383 | | | | | | 11,184,212 | | | | | | (11,542,413) | | | | | | (7,772,529) | | | | | | 29,673,653 | | | | | | 423,403 | | | | | | 1,197,515 | | | | | | 3,317,489 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 25,118,136 | | | | | | 6,981,354 | | | | | | (10,984,604) | | | | | | (4,188,431) | | | | | | 16,926,455 | | | | | | 187,191 | | | | | | 1,263,360 | | | | | | 976,600 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 228,903,569 | | | | | | 97,377,727 | | | | | | (63,423,046) | | | | | | (3,462,193) | | | | | | 259,396,057 | | | | | | 6,426,667 | | | | | | (2,491,733) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 247,311,915 | | | | | | 122,355,589 | | | | | | (60,717,315) | | | | | | (42,149,984) | | | | | | 266,800,205 | | | | | | 4,839,766 | | | | | | 10,543,751 | | | | | | 15,800,859 | | |
| | | | $ | 699,574,370 | | | | | $ | 287,770,839 | | | | | $ | (166,476,097) | | | | | $ | (87,771,921) | | | | | $ | 733,097,191 | | | | | $ | 16,106,029 | | | | | $ | 12,732,763 | | | | | $ | 20,094,948 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 68 | | | | | | 03/15/19 | | | | | $ | 8,517,680 | | | | | $ | (325,580) | | |
U.S. Treasury 2-Year Note | | | | | 40 | | | | | | 03/29/19 | | | | | | 8,492,500 | | | | | | 34,888 | | |
U.S. Treasury Ultra Long Bond | | | | | 105 | | | | | | 03/20/19 | | | | | | 16,868,906 | | | | | | 617,818 | | |
| | | | | | | | | | | | | | | | $ | 33,879,086 | | | | | $ | 327,126 | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (173) | | | | | | 03/15/19 | | | | | | (8,362,820) | | | | | | (6,936) | | |
MSCI EAFE Mini Index | | | | | (98) | | | | | | 03/15/19 | | | | | | (8,408,400) | | | | | | 148,310 | | |
S&P Mid 400 E-Mini | | | | | (51) | | | | | | 03/15/19 | | | | | | (8,477,220) | | | | | | 357,105 | | |
U.S. Treasury 10-Year Note | | | | | (69) | | | | | | 03/20/19 | | | | | | (8,419,078) | | | | | | (181,344) | | |
| | | | | | | | | | | | | | | | $ | (33,667,518) | | | | | $ | 317,135 | | |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 505,415 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 652,706 | | |
Total Asset Derivatives | | | | | | | $ | 1,158,121 | | |
Liability Derivatives | | | | |||||||
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 332,516 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 181,344 | | |
Total Liability Derivatives | | | | | | | $ | 513,860 | | |
|
Voya Index Solution 2025 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (1,160,133) | | |
Interest rate contracts | | | | | (155,622) | | |
Total | | | | $ | (1,315,755) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | 202,032 | | |
Interest rate contracts | | | | | 471,362 | | |
Total | | | | $ | 673,394 | | |
|
| Cost for federal income tax purposes was $903,408,238. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 778,936 | | |
| Gross Unrealized Depreciation | | | | | (54,897,059) | | |
| Net Unrealized Depreciation | | | | $ | (54,118,123) | | |
|
Voya Index Solution 2030 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 6.4% | | ||||||||||||||||||
| | | 711,556 | | | | Invesco Senior Loan ETF | | | | $ | 15,497,689 | | | | | | 3.9 | | |
| | | 46,414 | | | | iShares 1-3 Year Treasury Bond ETF | | | | | 3,881,139 | | | | | | 1.0 | | |
| | | 55,573 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 2,912,581 | | | | | | 0.7 | | |
| | | 39,126 | | | | Vanguard Real Estate ETF | | | | | 2,917,626 | | | | | | 0.8 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $26,649,121) | | | | | 25,209,035 | | | | | | 6.4 | | |
| MUTUAL FUNDS: 93.1% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 91.7% | | ||||||||||||
| | | 2,542,492 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 27,306,369 | | | | | | 6.9 | | |
| | | 8,184,387 | | | | Voya International Index Portfolio - Class P2 | | | | | 74,232,389 | | | | | | 18.8 | | |
| | | 1,206,512 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 15,696,720 | | | | | | 4.0 | | |
| | | 599,883 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 7,834,469 | | | | | | 2.0 | | |
| | | 9,098,038 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | | 93,800,772 | | | | | | 23.7 | | |
| Shares | | | Value | | | Percentage of Net Assets | | | | | ||||||||||||||||||
| MUTUAL FUNDS: (continued) | | | | | ||||||||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | | | | ||||||||||||||||||
| | | 10,299,100 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | $ | 143,466,463 | | | | | | 36.3 | | | | | | ||||||
| | | | | | | | | | | | 362,337,182 | | | | | | 91.7 | | | | | | ||||||
| | | | | | | Unaffiliated Investment Companies: 1.4% | | | | | | | | | | | ||||||||||||
| | | 1,311,913 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 5,759,299 | | | | | | 1.4 | | | | | | ||||||
| | | | | | | Total Mutual Funds (Cost $397,278,325) | | | | | 368,096,481 | | | | | | 93.1 | | | | | | ||||||
| | | | | | | Total Investments in Securities (Cost $423,927,446) | | | | $ | 393,305,516 | | | | | | 99.5 | | | | | | ||||||
| | | | | | | Assets in Excess of Other Liabilities | | | | | 1,876,987 | | | | | | 0.5 | | | | | | ||||||
| | | | | | | Net Assets | | | | $ | 395,182,503 | | | | | | 100.0 | | | | | | ||||||
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 25,209,035 | | | | | $ | — | | | | | $ | — | | | | | $ | 25,209,035 | | |
Mutual Funds | | | | | 368,096,481 | | | | | | — | | | | | | — | | | | | | 368,096,481 | | |
Total Investments, at fair value | | | | $ | 393,305,516 | | | | | $ | — | | | | | $ | — | | | | | $ | 393,305,516 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 534,570 | | | | | | — | | | | | | — | | | | | | 534,570 | | |
Total Assets | | | | $ | 393,840,086 | | | | | $ | — | | | | | $ | — | | | | | $ | 393,840,086 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (376,385) | | | | | $ | — | | | | | $ | — | | | | | $ | (376,385) | | |
Total Liabilities | | | | $ | (376,385) | | | | | $ | — | | | | | $ | — | | | | | $ | (376,385) | | |
Voya Index Solution 2030 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 18,354,203 | | | | | $ | 17,611,617 | | | | | $ | (3,316,960) | | | | | $ | (5,342,491) | | | | | $ | 27,306,369 | | | | | $ | 599,071 | | | | | $ | 604,586 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 51,847,097 | | | | | | 39,946,100 | | | | | | (4,196,042) | | | | | | (13,364,766) | | | | | | 74,232,389 | | | | | | 1,860,192 | | | | | | 755,488 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 15,182,994 | | | | | | 9,030,806 | | | | | | (4,948,943) | | | | | | (3,568,137) | | | | | | 15,696,720 | | | | | | 205,762 | | | | | | 187,680 | | | | | | 1,612,204 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 12,105,731 | | | | | | 5,684,932 | | | | | | (7,950,423) | | | | | | (2,005,771) | | | | | | 7,834,469 | | | | | | 79,185 | | | | | | 655,908 | | | | | | 413,115 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 46,000,102 | | | | | | 70,486,379 | | | | | | (22,313,272) | | | | | | (372,437) | | | | | | 93,800,772 | | | | | | 1,947,157 | | | | | | (646,925) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 112,515,416 | | | | | | 78,522,631 | | | | | | (26,461,255) | | | | | | (21,110,329) | | | | | | 143,466,463 | | | | | | 2,592,667 | | | | | | 3,514,578 | | | | | | 7,820,844 | | |
| | | | $ | 256,005,543 | | | | | $ | 221,282,465 | | | | | $ | (69,186,895) | | | | | $ | (45,763,931) | | | | | $ | 362,337,182 | | | | | $ | 7,284,034 | | | | | $ | 5,071,315 | | | | | $ | 9,846,163 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 62 | | | | | | 03/15/19 | | | | | $ | 7,766,120 | | | | | $ | (285,870) | | |
U.S. Treasury 2-Year Note | | | | | 18 | | | | | | 03/29/19 | | | | | | 3,821,625 | | | | | | 15,700 | | |
U.S. Treasury Ultra Long Bond | | | | | 48 | | | | | | 03/20/19 | | | | | | 7,711,500 | | | | | | 283,148 | | |
| | | | | | | | | | | | | | | | $ | 19,299,245 | | | | | $ | 12,978 | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (160) | | | | | | 03/15/19 | | | | | | (7,734,400) | | | | | | (6,414) | | |
MSCI EAFE Mini Index | | | | | (45) | | | | | | 03/15/19 | | | | | | (3,861,000) | | | | | | 68,101 | | |
S&P Mid 400 E-Mini | | | | | (24) | | | | | | 03/15/19 | | | | | | (3,989,280) | | | | | | 167,621 | | |
U.S. Treasury 10-Year Note | | | | | (32) | | | | | | 03/20/19 | | | | | | (3,904,500) | | | | | | (84,101) | | |
| | | | | | | | | | | | | | | | $ | (19,489,180) | | | | | $ | 145,207 | | |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 235,722 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 298,848 | | |
Total Asset Derivatives | | | | | | | $ | 534,570 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 292,284 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 84,101 | | |
Total Liability Derivatives | | | | | | | $ | 376,385 | | |
|
Voya Index Solution 2030 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (258,387) | | |
Interest rate contracts | | | | | (10,794) | | |
Total | | | | $ | (269,181) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (43,403) | | |
Interest rate contracts | | | | | 214,747 | | |
Total | | | | $ | 171,344 | | |
|
| Cost for federal income tax purposes was $425,225,586. | �� | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 402,803 | | |
| Gross Unrealized Depreciation | | | | | (32,164,689) | | |
| Net Unrealized Depreciation | | | | $ | (31,761,886) | | |
|
Voya Index Solution 2035 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | | | | ||||||||||||||||||
| EXCHANGE-TRADED FUNDS: 6.4% | | | | | | | | | | | ||||||||||||||||||
| | | 1,389,880 | | | | Invesco Senior Loan ETF | | | | $ | 30,271,586 | | | | | | 3.9 | | | | | | ||||||
| | | 90,661 | | | | iShares 1-3 Year Treasury Bond ETF | | | | | 7,581,073 | | | | | | 1.0 | | | | | | ||||||
| | | 108,551 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 5,689,158 | | | | | | 0.7 | | | | | | ||||||
| | | 76,425 | | | | Vanguard Real Estate ETF | | | | | 5,699,012 | | | | | | 0.8 | | | | | | ||||||
| | | | | | | Total Exchange-Traded Funds (Cost $52,262,474) | | | | | 49,240,829 | | | | | | 6.4 | | | | | | ||||||
| MUTUAL FUNDS: 93.1% | | | | | ||||||||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 91.7% | | | | | | | | | | | ||||||||||||
| | | 5,657,065 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 60,756,882 | | | | | | 7.9 | | | | | | ||||||
| | | 17,609,402 | | | | Voya International Index Portfolio - Class P2 | | | | | 159,717,275 | | | | | | 20.7 | | | | | | ||||||
| | | 2,936,397 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 38,202,531 | | | | | | 5.0 | | | | | | ||||||
| | | 1,167,962 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 15,253,590 | | | | | | 2.0 | | | | | |
| Shares | | | Value | | | Percentage of Net Assets | | | | | ||||||||||||||||||
| MUTUAL FUNDS: (continued) | | | | | ||||||||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | | | | ||||||||||||||||||
| | | 11,061,804 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | $ | 114,047,195 | | | | | | 14.8 | | | | | | ||||||
| | | 22,836,097 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | | 318,106,836 | | | | | | 41.3 | | | | | | ||||||
| | | | | | | | | | | | 706,084,309 | | | | | | 91.7 | | | | | | ||||||
| | | | | | | Unaffiliated Investment Companies: 1.4% | | | | | | | | | | | ||||||||||||
| | | 2,561,300 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 11,244,105 | | | | | | 1.4 | | | | | | ||||||
| | | | | | | Total Mutual Funds (Cost $760,012,299) | | | | | 717,328,414 | | | | | | 93.1 | | | | | | ||||||
| | | | | | | Total Investments in Securities (Cost $812,274,773) | | | | $ | 766,569,243 | | | | | | 99.5 | | | | | | ||||||
| | | | | | | Assets in Excess of Other Liabilities | | | | | 3,591,358 | | | | | | 0.5 | | | | | | ||||||
| | | | | | | Net Assets | | | | $ | 770,160,601 | | | | | | 100.0 | | | | | | ||||||
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 49,240,829 | | | | | $ | — | | | | | $ | — | | | | | $ | 49,240,829 | | |
Mutual Funds | | | | | 717,328,414 | | | | | | — | | | | | | — | | | | | | 717,328,414 | | |
Total Investments, at fair value | | | | $ | 766,569,243 | | | | | $ | — | | | | | $ | — | | | | | $ | 766,569,243 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 1,050,310 | | | | | | — | | | | | | — | | | | | | 1,050,310 | | |
Total Assets | | | | $ | 767,619,553 | | | | | $ | — | | | | | $ | — | | | | | $ | 767,619,553 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (761,438) | | | | | $ | — | | | | | $ | — | | | | | $ | (761,438) | | |
Total Liabilities | | | | $ | (761,438) | | | | | $ | — | | | | | $ | — | | | | | $ | (761,438) | | |
Voya Index Solution 2035 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 52,973,615 | | | | | $ | 30,152,727 | | | | | $ | (9,412,087) | | | | | $ | (12,957,373) | | | | | $ | 60,756,882 | | | | | $ | 1,471,646 | | | | | $ | 1,813,630 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 143,317,953 | | | | | | 59,296,138 | | | | | | (12,889,069) | | | | | | (30,007,747) | | | | | | 159,717,275 | | | | | | 4,417,297 | | | | | | 1,553,791 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 52,584,752 | | | | | | 15,106,218 | | | | | | (19,000,530) | | | | | | (10,487,909) | | | | | | 38,202,531 | | | | | | 552,120 | | | | | | 1,795,385 | | | | | | 4,326,025 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 29,947,816 | | | | | | 7,214,939 | | | | | | (17,413,132) | | | | | | (4,496,033) | | | | | | 15,253,590 | | | | | | 170,203 | | | | | | 1,841,408 | | | | | | 887,969 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 60,606,380 | | | | | | 82,804,730 | | | | | | (29,443,585) | | | | | | 79,670 | | | | | | 114,047,195 | | | | | | 2,382,496 | | | | | | (1,356,718) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 301,029,780 | | | | | | 124,093,497 | | | | | | (62,540,248) | | | | | | (44,476,193) | | | | | | 318,106,836 | | | | | | 5,862,220 | | | | | | 5,804,241 | | | | | | 18,838,600 | | |
| | | | $ | 640,460,296 | | | | | $ | 318,668,249 | | | | | $ | (150,698,651) | | | | | $ | (102,345,585) | | | | | $ | 706,084,309 | | | | | $ | 14,855,982 | | | | | $ | 11,451,737 | | | | | $ | 24,052,594 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 122 | | | | | | 03/15/19 | | | | | $ | 15,281,720 | | | | | $ | (585,984) | | |
U.S. Treasury 2-Year Note | | | | | 36 | | | | | | 03/29/19 | | | | | | 7,643,250 | | | | | | 31,399 | | |
U.S. Treasury Ultra Long Bond | | | | | 95 | | | | | | 03/20/19 | | | | | | 15,262,344 | | | | | | 557,784 | | |
| | | | | | | | | | | | | | | | $ | 38,187,314 | | | | | $ | 3,199 | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (312) | | | | | | 03/15/19 | | | | | | (15,082,080) | | | | | | (12,508) | | |
MSCI EAFE Mini Index | | | | | (88) | | | | | | 03/15/19 | | | | | | (7,550,400) | | | | | | 133,176 | | |
S&P Mid 400 E-Mini | | | | | (46) | | | | | | 03/15/19 | | | | | | (7,646,120) | | | | | | 327,951 | | |
U.S. Treasury 10-Year Note | | | | | (62) | | | | | | 03/20/19 | | | | | | (7,564,969) | | | | | | (162,946) | | |
| | | | | | | | | | | | | | | | $ | (37,843,569) | | | | | $ | 285,673 | | |
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 461,127 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 589,183 | | |
Total Asset Derivatives | | | | | | | $ | 1,050,310 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 598,492 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 162,946 | | |
Total Liability Derivatives | | | | | | | $ | 761,438 | | |
|
Voya Index Solution 2035 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (745,214) | | |
Interest rate contracts | | | | | (30,123) | | |
Total | | | | $ | (775,337) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (108,872) | | |
Interest rate contracts | | | | | 426,237 | | |
Total | | | | $ | 317,365 | | |
|
| Cost for federal income tax purposes was $819,292,958. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 839,877 | | |
| Gross Unrealized Depreciation | | | | | (53,274,720) | | |
| Net Unrealized Depreciation | | | | $ | (52,434,843) | | |
|
Voya Index Solution 2040 Portfolio | as of December 31, 2018 |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
EXCHANGE-TRADED FUNDS: 5.4% | | ||||||||||||||||||
| | 367,436 | | | | Invesco Senior Loan ETF | | | | $ | 8,002,756 | | | | | | 2.9 | | |
| | 31,957 | | | | iShares 1-3 Year Treasury Bond ETF | | | | | 2,672,244 | | | | | | 1.0 | | |
| | 38,263 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 2,005,364 | | | | | | 0.7 | | |
| | 26,939 | | | | Vanguard Real Estate ETF | | | | | 2,008,841 | | | | | | 0.8 | | |
| | | | | | Total Exchange-Traded Funds (Cost $15,513,164) | | | | | 14,689,205 | | | | | | 5.4 | | |
MUTUAL FUNDS: 94.1% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 92.7% | | ||||||||||||
| | 2,125,606 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 22,829,012 | | | | | | 8.4 | | |
| | 6,821,322 | | | | Voya International Index Portfolio - Class P2 | | | | | 61,869,390 | | | | | | 22.7 | | |
| | 1,246,131 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 16,212,166 | | | | | | 5.9 | | |
| | 619,569 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 8,091,573 | | | | | | 3.0 | | |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 2,611,325 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | $ | 26,922,761 | | | | | | 9.9 | | |
| | 8,373,342 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | | 116,640,661 | | | | | | 42.8 | | |
| | | | | | | | | | | 252,565,563 | | | | | | 92.7 | | |
| | | | | | Unaffiliated Investment Companies: 1.4% | | ||||||||||||
| | 903,297 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 3,965,473 | | | | | | 1.4 | | |
| | | | | | Total Mutual Funds (Cost $281,690,797) | | | | | 256,531,036 | | | | | | 94.1 | | |
| | | | | | Total Investments in Securities (Cost $297,203,961) | | | | $ | 271,220,241 | | | | | | 99.5 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 1,286,921 | | | | | | 0.5 | | |
| | | | | | Net Assets | | | | $ | 272,507,162 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 14,689,205 | | | | | $ | — | | | | | $ | — | | | | | $ | 14,689,205 | | |
Mutual Funds | | | | | 256,531,036 | | | | | | — | | | | | | — | | | | | | 256,531,036 | | |
Total Investments, at fair value | | | | $ | 271,220,241 | | | | | $ | — | | | | | $ | — | | | | | $ | 271,220,241 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 365,446 | | | | | | — | | | | | | — | | | | | | 365,446 | | |
Total Assets | | | | $ | 271,585,687 | | | | | $ | — | | | | | $ | — | | | | | $ | 271,585,687 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (257,913) | | | | | $ | — | | | | | $ | — | | | | | $ | (257,913) | | |
Total Liabilities | | | | $ | (257,913) | | | | | $ | — | | | | | $ | — | | | | | $ | (257,913) | | |
|
Voya Index Solution 2040 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 14,439,043 | | | | | $ | 15,406,906 | | | | | $ | (2,686,830) | | | | | $ | (4,330,107) | | | | | $ | 22,829,012 | | | | | $ | 474,866 | | | | | $ | 406,936 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 38,400,476 | | | | | | 37,535,756 | | | | | | (3,139,596) | | | | | | (10,927,246) | | | | | | 61,869,390 | | | | | | 1,469,827 | | | | | | 440,660 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 15,289,150 | | | | | | 10,399,607 | | | | | | (5,600,528) | | | | | | (3,876,063) | | | | | | 16,212,166 | | | | | | 201,310 | | | | | | 414,332 | | | | | | 1,577,326 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 9,523,870 | | | | | | 5,909,376 | | | | | | (5,408,846) | | | | | | (1,932,827) | | | | | | 8,091,573 | | | | | | 77,773 | | | | | | 488,499 | | | | | | 405,752 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 9,709,186 | | | | | | 24,489,878 | | | | | | (7,396,304) | | | | | | 120,001 | | | | | | 26,922,761 | | | | | | 475,447 | | | | | | (255,782) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 79,586,220 | | | | | | 71,142,623 | | | | | | (17,039,885) | | | | | | (17,048,297) | | | | | | 116,640,661 | | | | | | 2,123,128 | | | | | | 2,510,677 | | | | | | 6,197,633 | | |
| | | | $ | 166,947,945 | | | | | $ | 164,884,146 | | | | | $ | (41,271,989) | | | | | $ | (37,994,539) | | | | | $ | 252,565,563 | | | | | $ | 4,822,351 | | | | | $ | 4,005,322 | | | | | $ | 8,180,711 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 43 | | | | | | 03/15/19 | | | | | $ | 5,386,180 | | | | | $ | (195,683) | | |
U.S. Treasury 2-Year Note | | | | | 13 | | | | | | 03/29/19 | | | | | | 2,760,063 | | | | | | 11,339 | | |
U.S. Treasury Ultra Long Bond | | | | | 33 | | | | | | 03/20/19 | | | | | | 5,301,656 | | | | | | 190,588 | | |
| | | | | | | | | | | | | | | | $ | 13,447,899 | | | | | $ | 6,244 | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (110) | | | | | | 03/15/19 | | | | | | (5,317,400) | | | | | | (4,410) | | |
MSCI EAFE Mini Index | | | | | (31) | | | | | | 03/15/19 | | | | | | (2,659,800) | | | | | | 46,915 | | |
S&P Mid 400 E-Mini | | | | | (16) | | | | | | 03/15/19 | | | | | | (2,659,520) | | | | | | 116,604 | | |
U.S. Treasury 10-Year Note | | | | | (22) | | | | | | 03/20/19 | | | | | | (2,684,344) | | | | | | (57,820) | | |
| | | | | | | | | | | | | | | | $ | (13,321,064) | | | | | $ | 101,289 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 163,519 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 201,927 | | |
Total Asset Derivatives | | | | | | | $ | 365,446 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 200,093 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 57,820 | | |
Total Liability Derivatives | | | | | | | $ | 257,913 | | |
|
Voya Index Solution 2040 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (187,823) | | |
Interest rate contracts | | | | | (128) | | |
Total | | | | $ | (187,951) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (28,944) | | |
Interest rate contracts | | | | | 144,107 | | |
Total | | | | $ | 115,163 | | |
|
| Cost for federal income tax purposes was $297,718,564. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 373,407 | | |
| Gross Unrealized Depreciation | | | | | (26,764,197) | | |
| Net Unrealized Depreciation | | | | $ | (26,390,790) | | |
|
Voya Index Solution 2045 Portfolio | as of December 31, 2018 |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
EXCHANGE-TRADED FUNDS: 3.2% | | ||||||||||||||||||
| | 410,157 | | | | Invesco Senior Loan ETF | | | | $ | 8,933,219 | | | | | | 1.7 | | |
| | 73,220 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 3,837,460 | | | | | | 0.7 | | |
| | 51,550 | | | | Vanguard Real Estate ETF | | | | | 3,844,084 | | | | | | 0.8 | | |
| | | | | | Total Exchange-Traded Funds (Cost $18,094,722) | | | | | 16,614,763 | | | | | | 3.2 | | |
MUTUAL FUNDS: 96.2% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 94.8% | | ||||||||||||
| | 4,773,935 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 51,272,059 | | | | | | 9.8 | | |
| | 13,587,415 | | | | Voya International Index Portfolio - Class P2 | | | | | 123,237,857 | | | | | | 23.7 | | |
| | 2,775,538 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 36,109,754 | | | | | | 6.9 | | |
| | 1,182,821 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 15,447,643 | | | | | | 3.0 | | |
| | 3,112,590 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | | 32,090,802 | | | | | | 6.2 | | |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 16,924,836 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | $ | 235,762,965 | | | | | | 45.2 | | |
| | | | | | | | | | | 493,921,080 | | | | | | 94.8 | | |
| | | | | | Unaffiliated Investment Companies: 1.4% | | ||||||||||||
| | 1,727,674 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 7,584,488 | | | | | | 1.4 | | |
| | | | | | Total Mutual Funds (Cost $538,028,577) | | | | | 501,505,568 | | | | | | 96.2 | | |
| | | | | | Total Investments in Securities (Cost $556,123,299) | | | | $ | 518,120,331 | | | | | | 99.4 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 2,913,831 | | | | | | 0.6 | | |
| | | | | | Net Assets | | | | $ | 521,034,162 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 16,614,763 | | | | | $ | — | | | | | $ | — | | | | | $ | 16,614,763 | | |
Mutual Funds | | | | | 501,505,568 | | | | | | — | | | | | | — | | | | | | 501,505,568 | | |
Total Investments, at fair value | | | | $ | 518,120,331 | | | | | $ | — | | | | | $ | — | | | | | $ | 518,120,331 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 704,556 | | | | | | — | | | | | | — | | | | | | 704,556 | | |
Total Assets | | | | $ | 518,824,887 | | | | | $ | — | | | | | $ | — | | | | | $ | 518,824,887 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (714,037) | | | | | $ | — | | | | | $ | — | | | | | $ | (714,037) | | |
Total Liabilities | | | | $ | (714,037) | | | | | $ | — | | | | | $ | — | | | | | $ | (714,037) | | |
|
Voya Index Solution 2045 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 40,776,461 | | | | | $ | 29,457,246 | | | | | $ | (7,567,175) | | | | | $ | (11,394,473) | | | | | $ | 51,272,059 | | | | | $ | 1,239,730 | | | | | $ | 1,900,844 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 106,709,170 | | | | | | 50,045,885 | | | | | | (10,642,324) | | | | | | (22,874,874) | | | | | | 123,237,857 | | | | | | 3,402,903 | | | | | | 751,601 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 50,598,850 | | | | | | 14,424,467 | | | | | | (19,740,687) | | | | | | (9,172,876) | | | | | | 36,109,754 | | | | | | 520,837 | | | | | | 925,563 | | | | | | 4,080,909 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 25,215,382 | | | | | | 6,885,514 | | | | | | (12,608,568) | | | | | | (4,044,685) | | | | | | 15,447,643 | | | | | | 172,629 | | | | | | 1,303,011 | | | | | | 900,628 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 21,701,278 | | | | | | 19,207,557 | | | | | | (8,792,053) | | | | | | (25,980) | | | | | | 32,090,802 | | | | | | 629,877 | | | | | | (385,375) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 213,090,287 | | | | | | 99,791,021 | | | | | | (43,787,454) | | | | | | (33,330,889) | | | | | | 235,762,965 | | | | | | 4,368,564 | | | | | | 4,567,275 | | | | | | 13,909,595 | | |
| | | | $ | 458,091,428 | | | | | $ | 219,811,690 | | | | | $ | (103,138,261) | | | | | $ | (80,843,777) | | | | | $ | 493,921,080 | | | | | $ | 10,334,540 | | | | | $ | 9,062,919 | | | | | $ | 18,891,132 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 123 | | | | | | 03/15/19 | | | | | $ | 15,406,980 | | | | | $ | (590,985) | | |
U.S. Treasury 2-Year Note | | | | | 24 | | | | | | 03/29/19 | | | | | | 5,095,500 | | | | | | 20,933 | | |
U.S. Treasury Ultra Long Bond | | | | | 64 | | | | | | 03/20/19 | | | | | | 10,282,000 | | | | | | 374,186 | | |
| | | | | | | | | | | | | | | | $ | 30,784,480 | | | | | $ | (195,866) | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (316) | | | | | | 03/15/19 | | | | | | (15,275,440) | | | | | | (12,669) | | |
MSCI EAFE Mini Index | | | | | (60) | | | | | | 03/15/19 | | | | | | (5,148,000) | | | | | | 90,802 | | |
S&P Mid 400 E-Mini | | | | | (31) | | | | | | 03/15/19 | | | | | | (5,152,820) | | | | | | 218,635 | | |
U.S. Treasury 10-Year Note | | | | | (42) | | | | | | 03/20/19 | | | | | | (5,124,656) | | | | | | (110,383) | | |
| | | | | | | | | | | | | | | | $ | (30,700,916) | | | | | $ | 186,385 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 309,437 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 395,119 | | |
Total Asset Derivatives | | | | | | | $ | 704,556 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 603,654 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 110,383 | | |
Total Liability Derivatives | | | | | | | $ | 714,037 | | |
|
Voya Index Solution 2045 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (806,866) | | |
Interest rate contracts | | | | | (17,133) | | |
Total | | | | $ | (823,999) | | |
|
| | �� | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (275,766) | | |
Interest rate contracts | | | | | 284,736 | | |
Total | | | | $ | 8,970 | | |
|
| Cost for federal income tax purposes was $560,004,884. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 732,038 | | |
| Gross Unrealized Depreciation | | | | | (42,626,072) | | |
| Net Unrealized Depreciation | | | | $ | (41,894,034) | | |
|
Voya Index Solution 2050 Portfolio | as of December 31, 2018 |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
EXCHANGE-TRADED FUNDS: 1.5% | | ||||||||||||||||||
| | 24,897 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | $ | 1,304,852 | | | | | | 0.7 | | |
| | 17,529 | | | | Vanguard Real Estate ETF | | | | | 1,307,137 | | | | | | 0.8 | | |
| | | | | | Total Exchange-Traded Funds (Cost $2,837,882) | | | | | 2,611,989 | | | | | | 1.5 | | |
MUTUAL FUNDS: 98.0% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 96.5% | | ||||||||||||
| | 1,712,790 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 18,395,359 | | | | | | 10.3 | | |
| | 4,836,877 | | | | Voya International Index Portfolio - Class P2 | | | | | 43,870,476 | | | | | | 24.6 | | |
| | 948,359 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 12,338,150 | | | | | | 6.9 | | |
| | 404,158 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 5,278,303 | | | | | | 3.0 | | |
| | 1,020,953 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | | 10,526,026 | | | | | | 5.9 | | |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 5,848,384 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | $ | 81,467,984 | | | | | | 45.8 | | |
| | | | | | | | | | | 171,876,298 | | | | | | 96.5 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 587,775 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 2,580,332 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $193,262,962) | | | | | 174,456,630 | | | | | | 98.0 | | |
| | | | | | Total Investments in Securities (Cost $196,100,844) | | | | $ | 177,068,619 | | | | | | 99.5 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 976,747 | | | | | | 0.5 | | |
| | | | | | Net Assets | | | | $ | 178,045,366 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 2,611,989 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,611,989 | | |
Mutual Funds | | | | | 174,456,630 | | | | | | — | | | | | | — | | | | | | 174,456,630 | | |
Total Investments, at fair value | | | | $ | 177,068,619 | | | | | $ | — | | | | | $ | — | | | | | $ | 177,068,619 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 242,200 | | | | | | — | | | | | | — | | | | | | 242,200 | | |
Total Assets | | | | $ | 177,310,819 | | | | | $ | — | | | | | $ | — | | | | | $ | 177,310,819 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (231,765) | | | | | $ | — | | | | | $ | — | | | | | $ | (231,765) | | |
Total Liabilities | | | | $ | (231,765) | | | | | $ | — | | | | | $ | — | | | | | $ | (231,765) | | |
|
Voya Index Solution 2050 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 9,950,698 | | | | | $ | 13,835,198 | | | | | $ | (2,038,499) | | | | | $ | (3,352,038) | | | | | $ | 18,395,359 | | | | | $ | 368,855 | | | | | $ | 240,664 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 25,687,783 | | | | | | 27,615,815 | | | | | | (1,905,250) | | | | | | (7,527,872) | | | | | | 43,870,476 | | | | | | 1,004,715 | | | | | | 185,271 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 12,783,611 | | | | | | 8,972,769 | | | | | | (6,374,042) | | | | | | (3,044,188) | | | | | | 12,338,150 | | | | | | 147,399 | | | | | | 426,204 | | | | | | 1,154,912 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 5,791,427 | | | | | | 4,090,470 | | | | | | (3,370,437) | | | | | | (1,233,157) | | | | | | 5,278,303 | | | | | | 48,910 | | | | | | 289,559 | | | | | | 255,170 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 4,685,742 | | | | | | 7,731,323 | | | | | | (1,880,069) | | | | | | (10,970) | | | | | | 10,526,026 | | | | | | 175,013 | | | | | | (54,175) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 48,412,480 | | | | | | 55,713,350 | | | | | | (11,226,759) | | | | | | (11,431,087) | | | | | | 81,467,984 | | | | | | 1,476,548 | | | | | | 1,300,375 | | | | | | 4,172,241 | | |
| | | | $ | 107,311,741 | | | | | $ | 117,958,925 | | | | | $ | (26,795,056) | | | | | $ | (26,599,312) | | | | | $ | 171,876,298 | | | | | $ | 3,221,440 | | | | | $ | 2,387,898 | | | | | $ | 5,582,323 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 42 | | | | | | 03/15/19 | | | | | $ | 5,260,920 | | | | | $ | (190,681) | | |
U.S. Treasury 2-Year Note | | | | | 8 | | | | | | 03/29/19 | | | | | | 1,698,500 | | | | | | 6,978 | | |
U.S. Treasury Ultra Long Bond | | | | | 22 | | | | | | 03/20/19 | | | | | | 3,534,438 | | | | | | 132,075 | | |
| | | | | | | | | | | | | | | | $ | 10,493,858 | | | | | $ | (51,628) | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (107) | | | | | | 03/15/19 | | | | | | (5,172,380) | | | | | | (4,290) | | |
MSCI EAFE Mini Index | | | | | (20) | | | | | | 03/15/19 | | | | | | (1,716,000) | | | | | | 30,267 | | |
S&P Mid 400 E-Mini | | | | | (11) | | | | | | 03/15/19 | | | | | | (1,828,420) | | | | | | 72,880 | | |
U.S. Treasury 10-Year Note | | | | | (14) | | | | | | 03/20/19 | | | | | | (1,708,219) | | | | | | (36,794) | | |
| | | | | | | | | | | | | | | | $ | (10,425,019) | | | | | $ | 62,063 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 103,147 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 139,053 | | |
Total Asset Derivatives | | | | | | | $ | 242,200 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 194,971 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 36,794 | | |
Total Liability Derivatives | | | | | | | $ | 231,765 | | |
|
Voya Index Solution 2050 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (208,466) | | |
Interest rate contracts | | | | | (15,787) | | |
Total | | | | $ | (224,253) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (84,262) | | |
Interest rate contracts | | | | | 102,259 | | |
Total | | | | $ | 17,997 | | |
|
| Cost for federal income tax purposes was $196,243,295. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 235,099 | | |
| Gross Unrealized Depreciation | | | | | (19,399,340) | | |
| Net Unrealized Depreciation | | | | $ | (19,164,241) | | |
|
Voya Index Solution 2055 Portfolio | as of December 31, 2018 |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
EXCHANGE-TRADED FUNDS: 1.4% | | ||||||||||||||||||
| | 30,116 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | $ | 1,578,379 | | | | | | 0.7 | | |
| | 21,203 | | | | Vanguard Real Estate ETF | | | | | 1,581,108 | | | | | | 0.7 | | |
| | | | | | Total Exchange-Traded Funds (Cost $3,459,926) | | | | | 3,159,487 | | | | | | 1.4 | | |
MUTUAL FUNDS: 98.0% | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies: 96.5% | | ||||||||||||
| | 2,064,435 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 22,172,027 | | | | | | 10.3 | | |
| | 5,829,406 | | | | Voya International Index Portfolio - Class P2 | | | | | 52,872,713 | | | | | | 24.6 | | |
| | 1,143,111 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 14,871,873 | | | | | | 6.9 | | |
| | 487,149 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 6,362,160 | | | | | | 3.0 | | |
| | 1,230,584 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | | 12,687,324 | | | | | | 5.9 | | |
Shares | | | | | | Value | | | Percentage of Net Assets | | |||||||||
MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | 7,048,385 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | $ | 98,184,009 | | | | | | 45.8 | | |
| | | | | | | | | | | 207,150,106 | | | | | | 96.5 | | |
| | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | 710,689 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 3,119,924 | | | | | | 1.5 | | |
| | | | | | Total Mutual Funds (Cost $227,703,053) | | | | | 210,270,030 | | | | | | 98.0 | | |
| | | | | | Total Investments in Securities (Cost $231,162,979) | | | | $ | 213,429,517 | | | | | | 99.4 | | |
| | | | | | Assets in Excess of Other Liabilities | | | | | 1,189,090 | | | | | | 0.6 | | |
| | | | | | Net Assets | | | | $ | 214,618,607 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 3,159,487 | | | | | $ | — | | | | | $ | — | | | | | $ | 3,159,487 | | |
Mutual Funds | | | | | 210,270,030 | | | | | | — | | | | | | — | | | | | | 210,270,030 | | |
Total Investments, at fair value | | | | $ | 213,429,517 | | | | | $ | — | | | | | $ | — | | | | | $ | 213,429,517 | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | | 285,085 | | | | | | — | | | | | | — | | | | | | 285,085 | | |
Total Assets | | | | $ | 213,714,602 | | | | | $ | — | | | | | $ | — | | | | | $ | 213,714,602 | | |
Liabilities Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments+ | | | | | | | | | | | | | | | | | | | | | | | | | |
Futures | | | | $ | (290,439) | | | | | $ | — | | | | | $ | — | | | | | $ | (290,439) | | |
Total Liabilities | | | | $ | (290,439) | | | | | $ | — | | | | | $ | — | | | | | $ | (290,439) | | |
|
Voya Index Solution 2055 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 15,298,359 | | | | | $ | 14,085,527 | | | | | $ | (2,691,106) | | | | | $ | (4,520,753) | | | | | $ | 22,172,027 | | | | | $ | 491,374 | | | | | $ | 600,702 | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 39,478,725 | | | | | | 25,811,111 | | | | | | (3,190,673) | | | | | | (9,226,450) | | | | | | 52,872,713 | | | | | | 1,337,927 | | | | | | 23,970 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 19,653,564 | | | | | | 7,893,366 | | | | | | (8,665,695) | | | | | | (4,009,362) | | | | | | 14,871,873 | | | | | | 196,336 | | | | | | 715,693 | | | | | | 1,538,353 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 8,903,767 | | | | | | 3,634,587 | | | | | | (4,564,425) | | | | | | (1,611,769) | | | | | | 6,362,160 | | | | | | 65,152 | | | | | | 474,884 | | | | | | 339,908 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 7,204,204 | | | | | | 8,005,037 | | | | | | (2,528,545) | | | | | | 6,628 | | | | | | 12,687,324 | | | | | | 229,034 | | | | | | (128,056) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 74,359,340 | | | | | | 52,799,529 | | | | | | (14,351,024) | | | | | | (14,623,836) | | | | | | 98,184,009 | | | | | | 1,800,567 | | | | | | 2,512,426 | | | | | | 5,394,632 | | |
| | | | $ | 164,897,959 | | | | | $ | 112,229,157 | | | | | $ | (35,991,468) | | | | | $ | (33,985,542) | | | | | $ | 207,150,106 | | | | | $ | 4,120,390 | | | | | $ | 4,199,619 | | | | | $ | 7,272,893 | | |
|
Description | | | Number of Contracts | | | Expiration Date | | | Notional Value | | | Unrealized Appreciation/ (Depreciation) | | ||||||||||||
Long Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
S&P 500® E-Mini | | | | | 51 | | | | | | 03/15/19 | | | | | $ | 6,388,260 | | | | | $ | (240,548) | | |
U.S. Treasury 2-Year Note | | | | | 10 | | | | | | 03/29/19 | | | | | | 2,123,125 | | | | | | 8,722 | | |
U.S. Treasury Ultra Long Bond | | | | | 26 | | | | | | 03/20/19 | | | | | | 4,177,063 | | | | | | 151,073 | | |
| | | | | | | | | | | | | | | | $ | 12,688,448 | | | | | $ | (80,753) | | |
Short Contracts | | | | | | | | | | | | | | | | | | | | | | | | | |
Mini MSCI Emerging Markets Index | | | | | (130) | | | | | | 03/15/19 | | | | | | (6,284,200) | | | | | | (5,212) | | |
MSCI EAFE Mini Index | | | | | (25) | | | | | | 03/15/19 | | | | | | (2,145,000) | | | | | | 37,834 | | |
S&P Mid 400 E-Mini | | | | | (13) | | | | | | 03/15/19 | | | | | | (2,160,860) | | | | | | 87,456 | | |
U.S. Treasury 10-Year Note | | | | | (17) | | | | | | 03/20/19 | | | | | | (2,074,266) | | | | | | (44,679) | | |
| | | | | | | | | | | | | | | | $ | (12,664,326) | | | | | $ | 75,399 | | |
|
Derivatives not accounted for as hedging instruments | | | Location on Statement of Assets and Liabilities | | | Fair Value | | |||
Asset Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized appreciation* | | | | $ | 125,290 | | |
Interest rate contracts | | | Net Assets — Unrealized appreciation* | | | | | 159,795 | | |
Total Asset Derivatives | | | | | | | $ | 285,085 | | |
Liability Derivatives | | | | | | | | | | |
Equity contracts | | | Net Assets — Unrealized depreciation* | | | | $ | 245,760 | | |
Interest rate contracts | | | Net Assets — Unrealized depreciation* | | | | | 44,679 | | |
Total Liability Derivatives | | | | | | | $ | 290,439 | | |
|
Voya Index Solution 2055 Portfolio | as of December 31, 2018 (continued) |
| | | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (305,591) | | |
Interest rate contracts | | | | | (6,801) | | |
Total | | | | $ | (312,392) | | |
|
| | | Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income | | |||
Derivatives not accounted for as hedging instruments | | | Futures | | |||
Equity contracts | | | | $ | (114,804) | | |
Interest rate contracts | | | | | 115,116 | | |
Total | | | | $ | 312 | | |
|
| Cost for federal income tax purposes was $233,037,195. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 292,841 | | |
| Gross Unrealized Depreciation | | | | | (19,905,873) | | |
| Net Unrealized Depreciation | | | | $ | (19,613,032) | | |
|
Voya Index Solution 2060 Portfolio | as of December 31, 2018 |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| EXCHANGE-TRADED FUNDS: 4.4% | | ||||||||||||||||||
| | | 5,377 | | | | iShares 1-3 Year Treasury Bond ETF | | | | $ | 449,625 | | | | | | 1.0 | | |
| | | 7,426 | | | | iShares 20+ Year Treasury Bond ETF | | | | | 902,333 | | | | | | 2.0 | | |
| | | 6,438 | | | | Vanguard Global ex-U.S. Real Estate ETF | | | | | 337,415 | | | | | | 0.7 | | |
| | | 4,533 | | | | Vanguard Real Estate ETF | | | | | 338,026 | | | | | | 0.7 | | |
| | | | | | | Total Exchange-Traded Funds (Cost $2,045,667) | | | | | 2,027,399 | | | | | | 4.4 | | |
| MUTUAL FUNDS: 95.6% | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies: 94.1% | | ||||||||||||
| | | 316,348 | | | | Voya Emerging Markets Index Portfolio - Class P2 | | | | | 3,397,583 | | | | | | 7.4 | | |
| | | 1,200,645 | | | | Voya International Index Portfolio - Class P2 | | | | | 10,889,850 | | | | | | 23.7 | | |
| | | 210,175 | | | | Voya Russell Mid Cap Index Portfolio - Class P2 | | | | | 2,734,377 | | | | | | 6.0 | | |
| | | 104,502 | | | | Voya Russell Small Cap Index Portfolio - Class P2 | | | | | 1,364,796 | | | | | | 3.0 | | |
| Shares | | | Value | | | Percentage of Net Assets | | ||||||||||||
| MUTUAL FUNDS: (continued) | | ||||||||||||||||||
| | | | | | | Affiliated Investment Companies (continued) | | ||||||||||||
| | | 220,651 | | | | Voya U.S. Bond Index Portfolio - Class P2 | | | | $ | 2,274,908 | | | | | | 5.0 | | |
| | | 1,611,862 | | | | Voya U.S. Stock Index Portfolio - Class P2 | | | | | 22,453,240 | | | | | | 49.0 | | |
| | | | | | | | | | | | 43,114,754 | | | | | | 94.1 | | |
| | | | | | | Unaffiliated Investment Companies: 1.5% | | ||||||||||||
| | | 152,057 | | | | Credit Suisse Commodity Return Strategy Fund - Class I | | | | | 667,533 | | | | | | 1.5 | | |
| | | | | | | Total Mutual Funds (Cost $49,020,941) | | | | | 43,782,287 | | | | | | 95.6 | | |
| | | | | | | Total Investments in Securities (Cost $51,066,608) | | | | $ | 45,809,686 | | | | | | 100.0 | | |
| | | | | | | Assets in Excess of Other Liabilities | | | | | 18,592 | | | | | | 0.0 | | |
| | | | | | | Net Assets | | | | $ | 45,828,278 | | | | | | 100.0 | | |
|
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2018 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange-Traded Funds | | | | $ | 2,027,399 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,027,399 | | |
Mutual Funds | | | | | 43,782,287 | | | | | | — | | | | | | — | | | | | | 43,782,287 | | |
Total Investments, at fair value | | | | $ | 45,809,686 | | | | | $ | — | | | | | $ | — | | | | | $ | 45,809,686 | | |
|
Voya Index Solution 2060 Portfolio | as of December 31, 2018 (continued) |
Issuer | | | Beginning Fair Value at 12/31/2017 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized Appreciation/ (Depreciation) | | | Ending Fair Value at 12/31/2018 | | | Investment Income | | | Realized Gains/ (Losses) | | | Net Capital Gain Distributions | | ||||||||||||||||||||||||
Voya Emerging Markets Index Portfolio Class P2 | | | | $ | 2,077,070 | | | | | $ | 3,768,485 | | | | | $ | (1,828,557) | | | | | $ | (619,415) | | | | | $ | 3,397,583 | | | | | $ | 81,083 | | | | | $ | (5,069) | | | | | $ | — | | |
Voya International Index Portfolio Class P2 | | | | | 4,884,624 | | | | | | 9,095,922 | | | | | | (1,252,392) | | | | | | (1,838,304) | | | | | | 10,889,850 | | | | | | 220,842 | | | | | | 65,433 | | | | | | — | | |
Voya Russell Mid Cap Index Portfolio Class P2 | | | | | 2,668,962 | | | | | | 2,731,388 | | | | | | (2,012,120) | | | | | | (653,853) | | | | | | 2,734,377 | | | | | | 32,399 | | | | | | 36,656 | | | | | | 253,860 | | |
Voya Russell Small Cap Index Portfolio Class P2 | | | | | 1,209,131 | | | | | | 1,246,226 | | | | | | (784,197) | | | | | | (306,364) | | | | | | 1,364,796 | | | | | | 10,751 | | | | | | 63,929 | | | | | | 56,088 | | |
Voya U.S. Bond Index Portfolio Class P2 | | | | | 978,288 | | | | | | 2,303,726 | | | | | | (1,030,522) | | | | | | 23,416 | | | | | | 2,274,908 | | | | | | 38,880 | | | | | | (39,071) | | | | | | — | | |
Voya U.S. Stock Index Portfolio Class P2 | | | | | 9,863,342 | | | | | | 18,652,933 | | | | | | (2,963,272) | | | | | | (3,099,763) | | | | | | 22,453,240 | | | | | | 398,803 | | | | | | 267,856 | | | | | | 973,620 | | |
| | | | $ | 21,681,417 | | | | | $ | 37,798,680 | | | | | $ | (9,871,060) | | | | | $ | (6,494,283) | | | | | $ | 43,114,754 | | | | | $ | 782,758 | | | | | $ | 389,734 | | | | | $ | 1,283,568 | | |
|
| Cost for federal income tax purposes was $51,262,737. | | | | | | | |
| Net unrealized depreciation consisted of: | | | | | | | |
| Gross Unrealized Appreciation | | | | $ | 58,564 | | |
| Gross Unrealized Depreciation | | | | | (5,511,615) | | |
| Net Unrealized Depreciation | | | | $ | (5,453,051) | | |
|
Portfolio Name | | | Type | | | Per Share Amount | | |||
Voya Index Solution Income Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1723 | | |
Class I | | | NII | | | | $ | 0.2331 | | |
Class S | | | NII | | | | $ | 0.2040 | | |
Class S2 | | | NII | | | | $ | 0.1854 | | |
Class Z | | | NII | | | | $ | 0.2331 | | |
All Classes | | | STCG | | | | $ | 0.0402 | | |
All Classes | | | LTCG | | | | $ | 0.1168 | | |
Voya Index Solution 2020 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1497 | | |
Class I | | | NII | | | | $ | 0.1965 | | |
Class S | | | NII | | | | $ | 0.1670 | | |
Class S2 | | | NII | | | | $ | 0.1379 | | |
Class Z | | | NII | | | | $ | 0.1965 | | |
All Classes | | | STCG | | | | $ | 0.1694 | | |
All Classes | | | LTCG | | | | $ | 0.1695 | | |
Voya Index Solution 2025 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1359 | | |
Class I | | | NII | | | | $ | 0.1926 | | |
Class S | | | NII | | | | $ | 0.1617 | | |
Class S2 | | | NII | | | | $ | 0.1368 | | |
Class Z | | | NII | | | | $ | 0.1926 | | |
All Classes | | | STCG | | | | $ | 0.0350 | | |
All Classes | | | LTCG | | | | $ | 0.2172 | | |
Voya Index Solution 2030 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1486 | | |
Class I | | | NII | | | | $ | 0.1937 | | |
Class S | | | NII | | | | $ | 0.1618 | | |
Class S2 | | | NII | | | | $ | 0.1202 | | |
Class Z | | | NII | | | | $ | 0.1937 | | |
All Classes | | | STCG | | | | $ | 0.1094 | | |
All Classes | | | LTCG | | | | $ | 0.2452 | | |
Voya Index Solution 2035 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1250 | | |
Class I | | | NII | | | | $ | 0.1834 | | |
Class S | | | NII | | | | $ | 0.1508 | | |
Class S2 | | | NII | | | | $ | 0.1299 | | |
Class Z | | | NII | | | | $ | 0.1834 | | |
All Classes | | | STCG | | | | $ | 0.0268 | | |
All Classes | | | LTCG | | | | $ | 0.2641 | | |
Portfolio Name | | | Type | | | Per Share Amount | | |||
Voya Index Solution 2040 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1292 | | |
Class I | | | NII | | | | $ | 0.1698 | | |
Class S | | | NII | | | | $ | 0.1374 | | |
Class S2 | | | NII | | | | $ | 0.1247 | | |
Class Z | | | NII | | | | $ | 0.1698 | | |
All Classes | | | STCG | | | | $ | 0.1018 | | |
All Classes | | | LTCG | | | | $ | 0.2590 | | |
Voya Index Solution 2045 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1120 | | |
Class I | | | NII | | | | $ | 0.1704 | | |
Class S | | | NII | | | | $ | 0.1373 | | |
Class S2 | | | NII | | | | $ | 0.1128 | | |
Class Z | | | NII | | | | $ | 0.1704 | | |
All Classes | | | STCG | | | | $ | 0.0227 | | |
All Classes | | | LTCG | | | | $ | 0.2967 | | |
Voya Index Solution 2050 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1120 | | |
Class I | | | NII | | | | $ | 0.1502 | | |
Class S | | | NII | | | | $ | 0.1194 | | |
Class S2 | | | NII | | | | $ | 0.1071 | | |
Class Z | | | NII | | | | $ | 0.1502 | | |
All Classes | | | STCG | | | | $ | 0.0931 | | |
All Classes | | | LTCG | | | | $ | 0.2668 | | |
Voya Index Solution 2055 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.1204 | | |
Class I | | | NII | | | | $ | 0.1866 | | |
Class S | | | NII | | | | $ | 0.1499 | | |
Class S2 | | | NII | | | | $ | 0.1205 | | |
Class Z | | | NII | | | | $ | 0.1866 | | |
All Classes | | | STCG | | | | $ | 0.0212 | | |
All Classes | | | LTCG | | | | $ | 0.3227 | | |
Voya Index Solution 2060 Portfolio | | |||||||||
Class ADV | | | NII | | | | $ | 0.0690 | | |
Class I | | | NII | | | | $ | 0.1007 | | |
Class S | | | NII | | | | $ | 0.0810 | | |
Class S2 | | | NII | | | | $ | 0.0515 | | |
Class Z | | | NII | | | | $ | 0.1007 | | |
All Classes | | | STCG | | | | $ | 0.1838 | | |
All Classes | | | LTCG | | | | $ | 0.1531 | | |
| Voya Index Solution Income Portfolio | | | | | 15.71% | | |
| Voya Index Solution 2020 Portfolio | | | | | 14.74% | | |
| Voya Index Solution 2025 Portfolio | | | | | 31.50% | | |
| Voya Index Solution 2030 Portfolio | | | | | 27.63% | | |
| Voya Index Solution 2035 Portfolio | | | | | 44.68% | | |
| Voya Index Solution 2040 Portfolio | | | | | 32.83% | | |
| Voya Index Solution 2045 Portfolio | | | | | 56.05% | | |
| Voya Index Solution 2050 Portfolio | | | | | 34.81% | | |
| Voya Index Solution 2055 Portfolio | | | | | 59.25% | | |
| Voya Index Solution 2060 Portfolio | | | | | 20.62% | | |
| Voya Index Solution Income Portfolio | | | | $ | 5,271,803 | | |
| Voya Index Solution 2020 Portfolio | | | | $ | 3,656,660 | | |
| Voya Index Solution 2025 Portfolio | | | | $ | 17,260,853 | | |
| Voya Index Solution 2030 Portfolio | | | | $ | 5,987,198 | | |
| Voya Index Solution 2035 Portfolio | | | | $ | 18,497,000 | | |
| Voya Index Solution 2040 Portfolio | | | | $ | 4,136,203 | | |
| Voya Index Solution 2045 Portfolio | | | | $ | 13,496,231 | | |
| Voya Index Solution 2050 Portfolio | | | | $ | 2,661,290 | | |
| Voya Index Solution 2055 Portfolio | | | | $ | 4,457,532 | | |
| Voya Index Solution 2060 Portfolio | | | | $ | 465,057 | | |
| | | Creditable Foreign Taxes Paid | | | Per Share Amount | | | Portion of Ordinary Income Distribution Derived from Foreign Sourced Income* | | |||||||||
Voya Index Solution Income Portfolio | | | | $ | 39,106 | | | | | $ | 0.0009 | | | | | | 10.28% | | |
Voya Index Solution 2020 Portfolio | | | | $ | 32,428 | | | | | $ | 0.0014 | | | | | | 15.09% | | |
Voya Index Solution 2025 Portfolio | | | | $ | 130,027 | | | | | $ | 0.0016 | | | | | | 20.58% | | |
Voya Index Solution 2030 Portfolio | | | | $ | 83,831 | | | | | $ | 0.0030 | | | | | | 28.20% | | |
Voya Index Solution 2035 Portfolio | | | | $ | 187,175 | | | | | $ | 0.0025 | | | | | | 30.98% | | |
Voya Index Solution 2040 Portfolio | | | | $ | 70,672 | | | | | $ | 0.0038 | | | | | | 33.62% | | |
Voya Index Solution 2045 Portfolio | | | | $ | 156,112 | | | | | $ | 0.0032 | | | | | | 36.75% | | |
Voya Index Solution 2050 Portfolio | | | | $ | 55,713 | | | | | $ | 0.0046 | | | | | | 38.23% | | |
Voya Index Solution 2055 Portfolio | | | | $ | 67,107 | | | | | $ | 0.0043 | | | | | | 38.44% | | |
Voya Index Solution 2060 Portfolio | | | | $ | 10,882 | | | | | $ | 0.0027 | | | | | | 33.49% | | |
| Name, Address and Age | | | Position(s) Held with the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | | | Number of funds in Fund Complex Overseen by Director(2) | | | Other Board Positions Held by Director | |
| Independent Directors*: | | |||||||||||||||
| Colleen D. Baldwin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 58 | | | Director | | | November 2007 – Present | | | President, Glantuam Partners, LLC, a business consulting firm (January 2009 – Present). | | | 150 | | | Dentaquest, Boston, MA (February 2014 – Present); RSR Partners, Inc. (2016 – Present). | |
| John V. Boyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 65 | | | Chairperson Director | | | January 2014 – Present November 1997 – Present | | | President and Chief Executive Officer, Bechtler Arts Foundation, an arts and education foundation (January 2008 – Present). | | | 150 | | | None. | |
| Patricia W. Chadwick 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 70 | | | Director | | | January 2006 – Present | | | Consultant and President, Ravengate Partners LLC, a consulting firm that provides advice regarding financial markets and the global economy (January 2000 – Present). | | | 150 | | | Wisconsin Energy Corporation (June 2006 – Present); The Royce Fund (22 funds) (December 2009 – Present); and AMICA Mutual Insurance Company (1992 – Present). | |
| Martin J. Gavin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, AZ 85258 Age: 68 | | | Director | | | August 2015 – Present | | | Retired. Formerly, President and Chief Executive Officer, Connecticut Children’s Medical Center (May 2006 – November 2015). | | | 150 | | | None. | |
| Russell H. Jones 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 74 | | | Director | | | May 2013 – Present | | | Retired. | | | 150 | | | None. | |
| Joseph E. Obermeyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | | | Director | | | May 2013 – Present | | | President, Obermeyer & Associates, Inc., a provider of financial and economic consulting services (November 1999 – Present). | | | 150 | | | None. | |
| Sheryl K. Pressler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 68 | | | Director | | | January 2006 – Present | | | Consultant (May 2001 – Present). | | | 150 | | | None. | |
| Christopher P. Sullivan 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 65 | | | Director | | | October 2015 – Present | | | Retired. | | | 150 | | | None. | |
| Name, Address and Age | | | Position(s) Held with the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | | | Number of funds in Fund Complex Overseen by Director(2) | | | Other Board Positions Held by Director | |
| Roger B. Vincent 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 73 | | | Director | | | January 2005 – Present | | | Retired. | | | 150 | | | None. | |
| Director who is an “interested person”: | | | | | | |||||||||||
| Dina Santoro(3) 230 Park Avenue New York, New York 10169 Age: 45 | | | Director | | | July 2018 – Present | | | President, Voya Investments, LLC and Voya Capital, LLC (March 2018 – Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017 – Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004 – August 2017). | | | 150 | | | Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Voya Investments Distributor, LLC (April 2018 – Present). | |
| Name, Address and Age | | | Position(s) Held With the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
| Michael Bell One Orange Way Windsor, Connecticut 06095 Age: 50 | | | Chief Executive Officer | | | March 2018 – Present | | | Chief Executive Officer and Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Senior Vice President and Treasurer, Voya Investments Distributor, LLC (November 2015 – Present); Chief Financial Officer, Voya Investment Management (September 2014 – Present). Formerly, Senior Vice President, Chief Financial Officer and Treasurer, Voya Investments, LLC (November 2015 – March 2018); Chief Financial Officer and Chief Accounting Officer, Hartford Investment Management (September 2003 – September 2014). | |
| Dina Santoro230 Park AvenueNew York, New York 10169Age: 45 | | | President | | | March 2018 – Present | | | President and Director, Voya Investments, LLC and Voya Capital, LLC (March 2018-Present); Director, Voya Funds Services, LLC (March 2018-Present); Director and Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017-Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004-August 2017). | |
| Stanley D. Vyner 230 Park Avenue New York, New York 10169 Age: 68 | | | Executive Vice President Chief Investment Risk Officer | | | January 2005 – Present September 2009 – Present | | | Executive Vice President, Voya Investments, LLC (July 2000 – Present) and Chief Investment Risk Officer, Voya Investments, LLC (January 2003 – Present). | |
| James M. Fink 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 60 | | | Executive Vice President | | | March 2018 – Present | | | Managing Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018-Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Chief Administrative Officer, Voya Investment Management (September 2017-Present). Formerly, Managing Director, Operations, Voya Investment Management (March 1999-September 2017). | |
| Kevin M. Gleason 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 52 | | | Chief Compliance Officer | | | February 2012 – Present | | | Senior Vice President, Voya Investment Management and Chief Compliance Officer, Voya Family of Funds (February 2012 – Present). | |
| Todd Modic 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 51 | | | Senior Vice President, Chief/Principal Financial Officer and Assistant Secretary | | | March 2005 – Present | | | President, Voya Funds Services, LLC (March 2018 – Present) and Senior Vice President, Voya Investments, LLC (April 2005 – Present). | |
| Kimberly A. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 54 | | | Senior Vice President | | | January 2005 – Present | | | Senior Vice President, Voya Investments, LLC (September 2003 – Present). | |
| Robert Terris 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 48 | | | Senior Vice President | | | May 2006 – Present | | | Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Senior Vice President, Head of Division Operations, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (March 2006 – Present). | |
| Fred Bedoya 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 46 | | | Vice President and Treasurer | | | September 2012 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (July 2012 – Present). | |
| Name, Address and Age | | | Position(s) Held With the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
| Maria M. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 60 | | | Vice President | | | January 2005 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (September 2004 – Present). | |
| Sara M. Donaldson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 59 | | | Vice President | | | September 2014 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present). Formerly, Vice President, Voya Funds Services, LLC (April 2014 – October 2015). Formerly, Director, Compliance, AXA Rosenberg Global Services, LLC (September 1997 – March 2014). | |
| Micheline S. Faver 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 41 | | | Vice President | | | September 2016 – Present | | | Vice President, Head of Fund Compliance and Chief Compliance Officer, Voya Investments, LLC (June 2016 – Present). Formerly, Vice President, Mutual Fund Compliance (March 2014 – June 2016); Assistant Vice President, Mutual Fund Compliance (May 2013 – March 2014). | |
| Robyn L. Ichilov 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 51 | | | Vice President | | | January 2005 – Present | | | Vice President, Voya Funds Services, LLC (November 1995 – Present) and Voya Investments, LLC (August 1997 – Present). | |
| Jason Kadavy 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | | | Vice President | | | September 2012 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (July 2007 – Present). | |
| Andrew K. Schlueter 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 42 | | | Vice President | | | March 2018 – Present | | | Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Vice President, Voya Investments, LLC and Voya Funds Services, LLC (March 2018-Present); Vice President, Head of Mutual Fund Operations, Voya Investment Management (February 2018-Present). Formerly, Vice President, Voya Investment Management (March 2014-February 2018); Assistant Vice President, Voya Investment Management (March 2011-March 2014). | |
| Kimberly K. Springer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | | | Vice President | | | March 2006 – Present | | | Vice President – Mutual Fund Product Development, Voya Investments, LLC (July 2012 – Present); Vice President, Voya Family of Funds (March 2010 – Present) and Vice President, Voya Funds Services, LLC (March 2006 – Present). | |
| Craig Wheeler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 49 | | | Vice President | | | May 2013 – Present | | | Vice President – Director of Tax, Voya Investments, LLC (October 2015 – Present). Formerly, Vice President – Director of Tax, Voya Funds Services, LLC (March 2013 – October 2015). | |
| Monia Piacenti One Orange Way Windsor, Connecticut 06095 Age: 42 | | | Anti-Money Laundering Officer | | | June 2018 – Present | | | Anti-Money Laundering Officer, Voya Investments Distributor, LLC, Voya Investment Management and Voya Investment Management Trust Co. (June 2018 – Present); Compliance Consultant, Voya Financial, Inc. (January 2019 – Present). Senior Compliance Officer, Voya Investment Management (December 2009 – December 2018). | |
| Huey P. Falgout, Jr. 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 55 | | | Secretary | | | August 2003 – Present | | | Senior Vice President and Secretary of Voya Investments, LLC (December 2018 – Present) and Voya Funds Services, LLC (March 2010 – Present); Senior Vice President and Chief Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
| Name, Address and Age | | | Position(s) Held With the Company | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
| Paul A. Caldarelli 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 67 | | | Assistant Secretary | | | June 2010 – Present | | | Vice President and Senior Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
| Theresa K. Kelety 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 56 | | | Assistant Secretary | | | August 2003 – Present | | | Vice President and Senior Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
SUB-ADVISORY CONTRACTS
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Voya Investments Distributor, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
BNY Mellon Investment Servicing (U.S.) Inc.
301 Bellevue Parkway
Wilmington, Delaware 19809
KPMG LLP
Two Financial Center
60 South Street
Boston, Massachusetts 02111
The Bank of New York Mellon
225 Liberty Street
New York, New York 10286
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
Item 2. Code of Ethics.
As of the end of the period covered by this report, Registrant had adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to the Registrant’s principal executive officer and principal financial officer. There were no amendments to the Code during the period covered by the report. The Registrant did not grant any waivers, including implicit waivers, from any provisions of the Code during the period covered by this report. The code of ethics is filed herewith pursuant to Item 10(a)(1), Ex-99.CODE ETH.
Item 3. Audit Committee Financial Expert.
The Board of Directors has determined that Colleen D. Baldwin, Martin J. Gavin, Joseph E. Obermeyer, and Roger B. Vincent are audit committee financial experts, as defined in Item 3 of Form N-CSR. Ms. Baldwin, Mr. Gavin, Mr. Obermeyer and Mr. Vincent are “independent” for purposes of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
(a) | Audit Fees: The aggregate fees billed for each of the last two fiscal years for professional services rendered by KPMG LLP (“KPMG”), the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $891,345 for the year ended December 31, 2018 and $891,345 for the year ended December 31, 2017. |
(b) | Audit-Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by KPMG that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $102,600 for the year ended December 31, 2018 and $102,600 for the year ended December 31, 2017. |
(c) | Tax Fees: The aggregate fees billed in each of the last two fiscal years for professional services rendered by KPMG for tax compliance, tax advice, and tax planning were $232,281 for the year ended December 31, 2018 and $215,694 for the year ended December 31, 2017. Such services included review of excise distribution calculations (if applicable), preparation of the Funds’ federal, state, and excise tax returns, tax services related to mergers and routine consulting. |
(d) | All Other Fees: The aggregate fees billed in each of the last two fiscal years for products and services provided by KPMG, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the year ended December 31, 2018 and $0 for the year ended December 31, 2017. |
(e)(1) | Audit Committee Pre-Approval Policies and Procedures |
AUDIT AND NON-AUDIT SERVICES
PRE-APPROVAL POLICY
I. Statement of Principles
Under the Sarbanes-Oxley Act of 2002 (the “Act”), the Audit Committee of the Board of Directors or Trustees (the “Committee”) of the Voya funds (each a “Fund,” collectively, the “Funds”) set out onExhibit A to this Audit and Non-Audit Services Pre-Approval Policy (“Policy”) is responsible for the oversight of the work of the Funds’ independent auditors. As part of its responsibilities, the Committee must pre-approve the audit and non-audit services performed by the auditors in order to assure that the provision of these services does not impair the auditors’ independence from the Funds. The Committee has adopted, and the Board has ratified, this Policy, which sets out the procedures and conditions under which the services of the independent auditors may be pre-approved.
Under Securities and Exchange Commission (“SEC”) rules promulgated in accordance with the Act, the Funds may establish two different approaches to pre-approving audit and non-audit services. The Committee may approve services without consideration of specific case-by-case services (“general pre-approval”) or it may pre-approve specific services (“specific pre-approval”). The Committee believes that the combination of these approaches contemplated in this Policy results in an effective and efficient method for pre-approving audit and non-audit services to be performed by the Funds’ independent auditors. Under this Policy, services that are not of a type that may receive general pre-approval require specific pre-approval by the Committee. Any proposed services that exceed pre-approved cost levels or budgeted amounts will also require the Committee’s specific pre-approval.
For both types of approval, the Committee considers whether the subject services are consistent with the SEC’s rules on auditor independence and that such services are compatible with maintaining the auditors independence. The Committee also considers whether a particular audit firm is in the best position to provide effective and efficient services to the Funds. Reasons that the auditors are in the best position include the auditors’ familiarity with the Funds’ business, personnel, culture, accounting systems, risk profile, and other factors, and whether the services will enhance the Funds’ ability to manage and control risk or improve audit quality. Such factors will be considered as a whole, with no one factor being determinative.
The appendices attached to this Policy describe the audit, audit-related, tax-related, and other services that have the Committee’s general pre-approval. For any service that has been approved through general pre-approval, the general pre-approval will remain in place for a period 12 months from the date of pre-approval, unless the Committee determines that a different period is appropriate. The Committee will annually review and pre-approve the services that may be provided by the independent auditors without specific pre-approval. The Committee will revise the list of services subject to general pre-approval as appropriate. This Policy does not serve as a delegation to Fund management of the Committee’s duty to pre-approve services performed by the Funds’ independent auditors.
II. Audit Services
The annual audit services engagement terms and fees are subject to the Committee’s specific pre-approval. Audit services are those services that are normally provided by auditors in connection with statutory and regulatory filings or engagements or those that generally only independent auditors can reasonably provide. They include the Funds’ annual financial statement audit and procedures that the independent auditors must perform in order to form an opinion on the Funds’ financial statements (e.g., information systems and procedural reviews and testing). The Committee will monitor the audit services engagement and approve any changes in terms, conditions or fees deemed by the Committee to be necessary or appropriate.
The Committee may grant general pre-approval to other audit services, such as statutory audits and services associated with SEC registration statements, periodic reports and other documents filed with the SEC or issued in connection with securities offerings.
The Committee has pre-approved the audit services listed on Appendix A. The Committee must specifically approve all audit services not listed on Appendix A.
III. Audit-related Services
Audit-related services are assurance and related services that are reasonably related to the performance of the audit or the review of the Funds’ financial statements or are traditionally performed by the independent auditors. The Committee believes that the provision of audit-related services will not impair the independent auditors’ independence, and therefore may grant pre-approval to audit-related services. Audit-related services include accounting consultations related to accounting, financial reporting or disclosure matters not classified as “audit services;” assistance with understanding and implementing new accounting and financial reporting guidance from rulemaking authorities; agreed-upon or expanded audit procedures relating to accounting and/or billing records required to respond to or comply with financial, accounting or regulatory reporting matters; and assistance with internal control reporting requirements under Form N-SAR or Form N-CSR.
The Committee has pre-approved the audit-related services listed on Appendix B. The Committee must specifically approve all audit-related services not listed on Appendix B.
IV. Tax Services
The Committee believes the independent auditors can provide tax services to the Funds, including tax compliance, tax planning, and tax advice, without compromising the auditors’ independence. Therefore, the Committee may grant general pre-approval with respect to tax services historically provided by the Funds’ independent auditors that do not, in the Committee’s view, impair auditor independence and that are consistent with the SEC’s rules on auditor independence.
The Committee will not grant pre-approval if the independent auditors initially recommends a transaction the sole business purpose of which is tax avoidance and the tax treatment of which may not be supported in the Internal Revenue Code and related regulations. The Committee may consult outside counsel to determine that tax planning and reporting positions are consistent with this Policy.
The Committee has pre-approved the tax-related services listed on Appendix C. The Committee must specifically approve all tax-related services not listed on Appendix C.
V. Other Services
The Committee believes it may grant approval of non-audit services that are permissible services for independent auditors to a Fund. The Committee has determined to grant general pre-approval to other services that it believes are routine and recurring, do not impair auditor independence, and are consistent with SEC rules on auditor independence.
The Committee has pre-approved the non-audit services listed on Appendix D. The Committee must specifically approve all non-audit services not listed on Appendix D.
A list of the SEC’s prohibited non-audit services is attached to this Policy as Appendix E. The SEC’s rules and relevant guidance should be consulted to determine the precise definitions of these impermissible services and the applicability of exceptions to certain of the SEC’s prohibitions.
VI. Pre-approval of Fee levels and Budgeted Amounts
The Committee will annually establish pre-approval fee levels or budgeted amounts for audit, audit-related, tax and non-audit services to be provided to the Funds by the independent auditors. Any proposed services exceeding these levels or amounts require the Committee’s specific pre-approval. The Committee considers fees for audit and non-audit services when deciding whether to pre-approve services. The Committee may determine, for a pre-approval period of 12 months, the appropriate ratio between the total amount of fees for the Fund’s audit, audit-related, and tax services (including fees for services provided to Fund affiliates that are subject to pre-approval), and the total amount of fees for certain permissible non-audit services for the Fund classified as other services (including any such services provided to Fund affiliates that are subject to pre-approval).
VII. Procedures
Requests or applications for services to be provided by the independent auditors will be submitted to management. If management determines that the services do not fall within those services generally pre-approved by the Committee and set out in the appendices to these procedures, management will submit the services to the Committee or its delagee. Any such submission will include a detailed description of the services to be rendered. Notwithstanding this paragraph, the Committee will, on a quarterly basis, receive from the independent auditors a list of services provided for the previous calendar quarter on a cumulative basis by the auditors during the Pre-Approval Period.
VIII. Delegation
The Committee may delegate pre-approval authority to one or more of the Committee’s members. Any member or members to whom such pre-approval authority is delegated must report any pre-approval decisions, including any pre-approved services, to the Committee at its next scheduled meeting. The Committee will identify any member to whom pre-approval authority is delegated in writing. The member will retain such authority for a period of 12 months from the date of pre-approval unless the Committee determines that a different period is appropriate. The period of delegated authority may be terminated by the Committee or at the option of the member.
IX. Additional Requirements
The Committee will take any measures the Committee deems necessary or appropriate to oversee the work of the independent auditors and to assure the auditors’ independence from the Funds. This may include reviewing a formal written statement from the independent auditors delineating all relationships between the auditors and the Funds, consistent with Independence Standards Board No. 1, and discussing with the auditors their methods and procedures for ensuring independence.
Part of KPMG’s performance of an audit in accordance with standards of the Public Company Accounting Oversight Board (US) includes their responsibility to maintain and monitor auditor independence with respect to the Voya funds. Using a proprietary system called Sentinel, the audit team is able to identify and manage potential conflicts of interest across the member firms of the KPMG International Network and prevent the provision of prohibited services to the Voya entities that would impair KPMG independence with the respect to the Voya funds. KPMG requests pre-approval from the Voya funds Audit Committee for services provided to the Voya funds and for services to affiliated entities that relate to the financial reporting or nature of operations of the Voya Funds. Additionally, KPMG provides an annual summary of the fees for services that have commenced for Voya funds and Affiliates.
Last Approved: November 16, 2017
Appendix A
Pre-Approved Audit Services for the Pre-Approval Period January 1, 2018 through December 31, 2018
Service | ||
The Fund(s) | Fee Range | |
Statutory audits or financial audits (including tax services associated with audit services) | √ | As presented to Audit Committee1 |
Services associated with SEC registration statements, periodic reports and other documents filed with the SEC or other documents issued in connection with securities offerings (e.g., consents), and assistance in responding to SEC comment letters. | √ | Not to exceed $9,750 per filing |
Consultations by Fund management with respect to accounting or disclosure treatment of transactions or events and/or the actual or potential effect of final or proposed rules, standards or interpretations by the SEC, Financial Accounting Standards Board, or other regulatory or standard setting bodies. | √ | Not to exceed $8,000 during the Pre-Approval Period |
Seed capital audit and related review and issuance of consent on the N-2 registration statement | √ | Not to exceed $14,750 per audit |
Audit of summary portfolio of investments | √ | Not to exceed $565 per fund |
1 | For new Funds launched during the Pre-Approval Period, the fee ranges pre-approved will be the same as those for existing Funds, pro-rated in accordance with inception dates as provided in the auditors’ Proposal or any Engagement Letter covering the period at issue. Fees in the Engagement Letter will be controlling. |
Appendix B
Pre-Approved Audit-Related Services for the Pre-Approval Period January 1, 2018 through December 31, 2018
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Services related to Fund mergers (Excludes tax services - See Appendix C for tax services associated with Fund mergers) | √ | √ | Not to exceed $10,000 per merger |
Consultations by Fund management with respect to accounting or disclosure treatment of transactions or events and/or the actual or potential effect of final or proposed rules, standards or interpretations by the SEC, Financial Accounting Standards Board, or other regulatory or standard setting bodies. [Note: Under SEC rules some consultations may be “audit” services and others may be “audit-related” services.] | √ | Not to exceed $5,000 per occurrence during the Pre-Approval Period | |
Review of the Funds’ semi-annual and quarterly financial statements | √ | Not to exceed $2,700 per set of financial statements per fund | |
Reports to regulatory or government agencies related to the annual engagement | √ | Up to $5,000 per occurrence during the Pre-Approval Period | |
Regulatory compliance assistance | √ | √ | Not to exceed $5,000 per quarter |
Training courses | √ | Not to exceed $5,000 per course | |
For Prime Rate Trust, agreed upon procedures for quarterly reports to rating agencies | √ | Not to exceed $9,450 per quarter |
Appendix C
Pre-Approved Tax Services for the Pre-Approval Period January 1, 2018 through December 31, 2018
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Preparation of federal and state income tax returns and federal excise tax returns for the Funds including assistance and review with excise tax distributions | √ | As presented to Audit Committee2 | |
Review of IRC Sections 851(b) and 817(h) diversification testing on a real-time basis | √ | As presented to Audit Committee2 | |
Tax assistance and advice regarding statutory, regulatory or administrative developments | √ | √ | Not to exceed $5,000 for the Funds or for the Funds’ investment adviser during the Pre-Approval Period |
Appendix C,continued
2 | For new Funds launched during the Pre-Approval Period, the fee ranges pre-approved will be the same as those for existing Funds, pro-rated in accordance with inception dates as provided in the auditors’ Proposal or any Engagement Letter covering the period at issue. Fees in the Engagement Letter will be controlling. |
Pre-Approved Tax Services for the Pre-Approval Period January 1, 2018 through December 31, 2018
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Tax training courses | √ | Not to exceed $5,000 per course during the Pre-Approval Period | |
Tax services associated with Fund mergers | √ | √ | Not to exceed $4,000 per fund per merger during the Pre-Approval Period |
Other tax-related assistance and consultation, including, without limitation, assistance in evaluating derivative financial instruments and international tax issues, qualification and distribution issues, year-end reporting for 1099’s and similar routine tax consultations as requested. | √ | Not to exceed $120,000 during the Pre-Approval Period |
Appendix D
Pre-Approved Other Services for the Pre-Approval Period January 1, 2018 through December 31, 2018
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Agreed-upon procedures for Class B share 12b-1 programs | √ | Not to exceed $60,000 during the Pre-Approval Period | |
Security counts performed pursuant to Rule 17f-2 of the 1940 Act (i.e., counts for Funds holding securities with affiliated sub-custodians)
Cost to be borne 50% by the Funds and 50% by Voya Investments, LLC.
| √
| √
| Not to exceed $5,700 per Fund during the Pre-Approval Period |
Agreed upon procedures for 15 (c) FACT Books | √ | Not to exceed $50,000 during the Pre-Approval Period |
Appendix E
Prohibited Non-Audit Services
Dated: January 1, 2018 to December 31, 2018
· | Bookkeeping or other services related to the accounting records or financial statements of the Funds |
· | Financial information systems design and implementation |
· | Appraisal or valuation services, fairness opinions, or contribution-in-kind reports |
· | Actuarial services |
· | Internal audit outsourcing services |
· | Management functions |
· | Human resources |
· | Broker-dealer, investment adviser, or investment banking services |
· | Legal services |
· | Expert services unrelated to the audit |
· | Any other service that the Public Company Accounting Oversight Board determines, by regulation, is impermissible |
EXHIBIT A
VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND
VOYA BALANCED PORTFOLIO, INC.
VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND
VOYA EQUITY TRUST
VOYA FUNDS TRUST
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
VOYA GOVERNMENT MONEY MARKET PORTFOLIO
VOYA INFRASTRUCTURE, INDUSTRIALS, AND MATERIALS FUND
VOYA INTERMEDIATE BOND PORTFOLIO
VOYA INTERNATIONAL HIGH DIVIDEND EQUITY INCOME FUND
VOYA INVESTORS TRUST
VOYA MUTUAL FUNDS
VOYA PARTNERS, INC.
VOYA PRIME RATE TRUST
VOYA NATURAL RESOURCES EQUITY INCOME FUND
VOYA SENIOR INCOME FUND
VOYA SEPARATE PORTFOLIOS TRUST
VOYA SERIES FUND, INC.
VOYA STRATEGIC ALLOCATIONS PORTFOLIOS, INC.
VOYA VARIABLE FUNDS
VOYA VARIABLE INSURANCE TRUST
VOYA VARIABLE PORTFOLIOS INC,
VOYA VARIABLE PRODUCTS TRUST
(e)(2) | Percentage of services referred to in 4(b) – (4)(d) that were approved by the audit committee |
100% of the services were approved by the audit committee.
(f) | Percentage of hours expended attributable to work performed by other than full time employees of KPMG if greater than 50% |
Not applicable.
(g) | Non-Audit Fees: The following table presents (i) the aggregate non-audit fees (i.e., fees for audit-related, tax, and other services) billed to each Registrant by the independent registered public accounting firm for each Registrant’s fiscal years ended December 31, 2018 and December 31, 2017; and (ii) the aggregate non-audit fees billed to the investment adviser, or any of its affiliates that provide ongoing services to the registrant, by the independent registered public accounting firm for the same time periods. |
Registrant/Investment Adviser | 2018 | 2017 | ||||||
Voya Partners, Inc. | $ | 334,881 | $ | 318,294 | ||||
Voya Investments, LLC(1) | $ | 38,950 | $ | 122,200 |
(1) | Each Registrant’s investment adviser and any of its affiliates, which are subsidiaries of Voya Financial, Inc. |
(h) | Principal Accountants Independence: The Registrant’s Audit committee has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X is compatible with maintaining KPMG’s independence. |
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Complete schedule of investments, as applicable, in included as part of the report to shareholders filed under Item 1 of this Form and filed herein, as applicable.
Report of Independent Registered Public Accounting Firm
To the Shareholders and Board of Directors
Voya Partners, Inc.:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of Voya Global Bond Portfolio, VY® American Century Small-Mid Cap Value Portfolio, VY® Baron Growth Portfolio, VY® Columbia Contrarian Core Portfolio, VY® Columbia Small Cap Value II Portfolio, VY® Invesco Comstock Portfolio, VY® Invesco Equity and Income Portfolio, VY® JPMorgan Mid Cap Value Portfolio, VY® Oppenheimer Global Portfolio, VY® Pioneer High Yield Portfolio, VY® T. Rowe Price Diversified Mid Cap Growth Portfolio, VY® T. Rowe Price Growth Equity Portfolio, and VY® Templeton Foreign Equity Portfolio (the Funds), each a series of Voya Partners, Inc., including the summary portfolios of investments, as of December 31, 2018, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended and the related notes (collectively, the financial statements), the financial highlights for each of the years or periods in the five-year period then ended (the financial statements and financial highlights are included in Item 1 of this Form N-CSR), and the portfolios of investments as of December 31, 2018 (included in Item 6 of this Form N-CSR). In our opinion, the financial statements, financial highlights, and portfolios of investments referred to above present fairly, in all material respects, the financial position of the Funds as of December 31, 2018, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years or periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements, financial highlights, and portfolios of investments are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements, financial highlights, and portfolios of investments based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements, financial highlights, and portfolios of investments are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, financial highlights, and portfolios of investments, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements, financial highlights, and portfolios of investments. Such procedures also included confirmation of securities owned as of December 31, 2018, by correspondence with the custodian, transfer agent, and brokers, or by other appropriate auditing procedures when replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more Voya investment companies since 1975.
Boston, Massachusetts
February 22, 2019
VY®American Century Small-Mid Cap Value Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 95.8% | ||||||||||||||
Communication Services: 0.4% | ||||||||||||||
25,167 | Emerald Expositions Events, Inc. | 310,561 | 0.1 | |||||||||||
322,428 | Entravision Communications Corp. | 938,265 | 0.3 | |||||||||||
13,461 | Townsquare Media, Inc. | 54,921 | 0.0 | |||||||||||
1,303,747 | 0.4 | |||||||||||||
Consumer Discretionary: 6.4% | ||||||||||||||
14,380 | Advance Auto Parts, Inc. | 2,264,275 | 0.7 | |||||||||||
53,980 | BorgWarner, Inc. | 1,875,265 | 0.6 | |||||||||||
95,424 | (1) | Camping World Holdings, Inc. | 1,094,513 | 0.4 | ||||||||||
30,269 | Carnival Corp. | 1,492,262 | 0.5 | |||||||||||
7,691 | Delphi Technologies PLC | 473,535 | 0.2 | |||||||||||
19,469 | Genuine Parts Co. | 1,869,413 | 0.6 | |||||||||||
75,467 | Honda Motor Co., Ltd. ADR | 1,996,102 | 0.6 | |||||||||||
24,955 | Penske Auto Group, Inc. | 1,006,185 | 0.3 | |||||||||||
99,884 | Pulte Group, Inc. | 2,595,985 | 0.8 | |||||||||||
26,369 | (2) | Red Robin Gourmet Burgers, Inc. | 704,580 | 0.2 | ||||||||||
19,829 | Sodexo SA | 2,033,574 | 0.6 | |||||||||||
22,174 | Target Corp. | 1,465,480 | 0.5 | |||||||||||
26,202 | Thor Industries, Inc. | 1,362,504 | 0.4 | |||||||||||
20,233,673 | 6.4 | |||||||||||||
Consumer Staples: 6.3% | ||||||||||||||
799 | Casey's General Stores, Inc. | 102,384 | 0.0 | |||||||||||
106,415 | Conagra Brands, Inc. | 2,273,025 | 0.7 | |||||||||||
9,978 | (2) | Edgewell Personal Care Co. | 372,678 | 0.1 | ||||||||||
34,794 | (2) | Hain Celestial Group, Inc. | 551,833 | 0.2 | ||||||||||
39,177 | (2) | Hostess Brands, Inc. | 428,596 | 0.1 | ||||||||||
12,290 | JM Smucker Co. | 1,148,992 | 0.4 | |||||||||||
23,014 | Kellogg Co. | 1,312,028 | 0.4 | |||||||||||
21,088 | Kimberly-Clark Corp. | 2,402,767 | 0.8 | |||||||||||
19,907 | Molson Coors Brewing Co. | 1,117,977 | 0.3 | |||||||||||
68,326 | Mondelez International, Inc. | 2,735,090 | 0.9 | |||||||||||
408,760 | Orkla ASA | 3,200,552 | 1.0 | |||||||||||
44,132 | Spectrum Brands Holdings, Inc. | 1,864,577 | 0.6 | |||||||||||
35,046 | Sysco Corp. | 2,195,982 | 0.7 | |||||||||||
7,311 | (2) | TreeHouse Foods, Inc. | 370,741 | 0.1 | ||||||||||
20,077,222 | 6.3 | |||||||||||||
Energy: 5.8% | ||||||||||||||
36,289 | Anadarko Petroleum Corp. | 1,590,910 | 0.5 | |||||||||||
111,792 | Baker Hughes a GE Co. | 2,403,528 | 0.8 | |||||||||||
10,468 | (2) | C&J Energy Services, Inc. | 141,318 | 0.0 | ||||||||||
29,054 | Cimarex Energy Co. | 1,791,179 | 0.6 | |||||||||||
88,154 | Devon Energy Corp. | 1,986,991 | 0.6 | |||||||||||
19,302 | (2) | Dril-Quip, Inc. | 579,639 | 0.2 | ||||||||||
42,979 | (1),(2) | Earthstone Energy, Inc. | 194,265 | 0.1 | ||||||||||
87,367 | EQT Corp. | 1,650,363 | 0.5 | |||||||||||
69,893 | (2) | Equitrans Midstream Corp. | 1,399,258 | 0.4 | ||||||||||
55,397 | (1),(2) | Extraction Oil & Gas, Inc. | 237,653 | 0.1 | ||||||||||
59,912 | Halliburton Co. | 1,592,461 | 0.5 | |||||||||||
38,561 | Imperial Oil Ltd. | 977,018 | 0.3 | |||||||||||
9,579 | (1) | Liberty Oilfield Services, Inc. | 124,048 | 0.0 | ||||||||||
48,949 | National Oilwell Varco, Inc. | 1,257,990 | 0.4 | |||||||||||
48,847 | (1),(2) | NCS Multistage Holdings, Inc. | 248,631 | 0.1 | ||||||||||
116,495 | Noble Energy, Inc. | 2,185,446 | 0.7 | |||||||||||
18,360,698 | 5.8 | |||||||||||||
Financials: 26.7% | ||||||||||||||
31,016 | Aflac, Inc. | 1,413,089 | 0.4 | |||||||||||
29,056 | Ameriprise Financial, Inc. | 3,032,575 | 1.0 | |||||||||||
24,972 | Amerisafe, Inc. | 1,415,663 | 0.4 | |||||||||||
118,573 | (1) | Ares Management Corp. | 2,108,228 | 0.7 | ||||||||||
12,836 | Arthur J. Gallagher & Co. | 946,013 | 0.3 | |||||||||||
23,296 | Axis Capital Holdings Ltd. | 1,203,005 | 0.4 | |||||||||||
8,695 | Bank of Hawaii Corp. | 585,347 | 0.2 | |||||||||||
36,096 | Bank OZK | 824,072 | 0.3 | |||||||||||
80,367 | BankUnited, Inc. | 2,406,188 | 0.8 | |||||||||||
110,563 | BB&T Corp. | 4,789,589 | 1.5 | |||||||||||
46,288 | Brown & Brown, Inc. | 1,275,697 | 0.4 | |||||||||||
184,807 | Capitol Federal Financial, Inc. | 2,359,985 | 0.7 | |||||||||||
25,841 | Chubb Ltd. | 3,338,140 | 1.1 | |||||||||||
10,140 | Comerica, Inc. | 696,517 | 0.2 | |||||||||||
42,712 | Commerce Bancshares, Inc. | 2,407,675 | 0.8 | |||||||||||
228,799 | (1),(3) | Compass Diversified Holdings | 2,848,548 | 0.9 | ||||||||||
106,400 | (2) | Donnelley Financial Solutions, Inc. | 1,492,792 | 0.5 | ||||||||||
195,553 | First Hawaiian, Inc. | 4,401,898 | 1.4 | |||||||||||
15,326 | Granite Point Mortgage Trust, Inc. | 276,328 | 0.1 | |||||||||||
7,732 | Hanover Insurance Group, Inc. | 902,866 | 0.3 | |||||||||||
55,484 | Hilltop Holdings, Inc. | 989,280 | 0.3 | |||||||||||
155,797 | Home Bancshares, Inc./Conway AR | 2,545,723 | 0.8 | |||||||||||
209,001 | Invesco Ltd. | 3,498,677 | 1.1 | |||||||||||
27,330 | James River Group Holdings Ltd. | 998,638 | 0.3 | |||||||||||
50,681 | LegacyTexas Financial Group, Inc. | 1,626,353 | 0.5 | |||||||||||
21,162 | M&T Bank Corp. | 3,028,917 | 1.0 | |||||||||||
71,683 | Northern Trust Corp. | 5,991,982 | 1.9 | |||||||||||
26,680 | Origin Bancorp, Inc. | 909,254 | 0.3 | |||||||||||
27,753 | ProAssurance Corp. | 1,125,662 | 0.4 | |||||||||||
19,074 | Prosperity Bancshares, Inc. | 1,188,310 | 0.4 | |||||||||||
15,646 | Reinsurance Group of America, Inc. | 2,194,039 | 0.7 | |||||||||||
11,780 | RenaissanceRe Holdings Ltd. | 1,574,986 | 0.5 |
See Accompanying Notes to Financial Statements
1 |
VY®American Century Small-Mid Cap Value Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
16,081 | Signature Bank | 1,653,288 | 0.5 | |||||||||||
11,863 | South State Corp. | 711,187 | 0.2 | |||||||||||
27,792 | State Street Corp. | 1,752,841 | 0.5 | |||||||||||
47,149 | SunTrust Banks, Inc. | 2,378,196 | 0.7 | |||||||||||
40,368 | (2) | Texas Capital Bancshares, Inc. | 2,062,401 | 0.6 | ||||||||||
10,113 | Torchmark Corp. | 753,722 | 0.2 | |||||||||||
5,630 | Travelers Cos., Inc. | 674,192 | 0.2 | |||||||||||
77,366 | UMB Financial Corp. | 4,717,005 | 1.5 | |||||||||||
309,077 | (1) | Valley National Bancorp | 2,744,604 | 0.9 | ||||||||||
45,819 | (1) | Westamerica Bancorp. | 2,551,202 | 0.8 | ||||||||||
84,394,674 | 26.7 | |||||||||||||
Health Care: 6.7% | ||||||||||||||
71,595 | Cardinal Health, Inc. | 3,193,137 | 1.0 | |||||||||||
33,019 | (2) | Cerner Corp. | 1,731,516 | 0.5 | ||||||||||
35,744 | (2) | Hologic, Inc. | 1,469,079 | 0.5 | ||||||||||
22,029 | McKesson Corp. | 2,433,544 | 0.8 | |||||||||||
19,669 | (2) | Providence Service Corp. | 1,180,533 | 0.4 | ||||||||||
31,219 | Quest Diagnostics, Inc. | 2,599,606 | 0.8 | |||||||||||
26,170 | (2),(4) | Siemens Healthineers AG | 1,093,558 | 0.4 | ||||||||||
71,537 | Zimmer Biomet Holdings, Inc. | 7,419,818 | 2.3 | |||||||||||
21,120,791 | 6.7 | |||||||||||||
Industrials: 16.4% | ||||||||||||||
81,323 | Atlas Copco AB - B Shares | 1,781,932 | 0.6 | |||||||||||
7,224 | AZZ, Inc. | 291,561 | 0.1 | |||||||||||
22,309 | Brink's Co. | 1,442,277 | 0.5 | |||||||||||
57,872 | (2) | Ceco Environmental Corp. | 390,636 | 0.1 | ||||||||||
81,255 | (2) | Charah Solutions, Inc. | 678,479 | 0.2 | ||||||||||
20,474 | (2) | CSW Industrials, Inc. | 989,918 | 0.3 | ||||||||||
21,135 | Cummins, Inc. | 2,824,481 | 0.9 | |||||||||||
23,411 | Deluxe Corp. | 899,919 | 0.3 | |||||||||||
19,959 | (2) | Dycom Industries, Inc. | 1,078,584 | 0.3 | ||||||||||
31,823 | Eaton Corp. PLC | 2,184,967 | 0.7 | |||||||||||
32,441 | Emerson Electric Co. | 1,938,350 | 0.6 | |||||||||||
35,440 | EnPro Industries, Inc. | 2,129,944 | 0.7 | |||||||||||
135,692 | (2) | Foundation Building Materials, Inc. | 1,127,601 | 0.4 | ||||||||||
15,936 | (2) | Gibraltar Industries, Inc. | 567,162 | 0.2 | ||||||||||
50,909 | Global Brass & Copper Holdings, Inc. | 1,280,361 | 0.4 | |||||||||||
52,842 | (2) | GMS, Inc. | 785,232 | 0.2 | ||||||||||
6,469 | Graham Corp. | 147,752 | 0.0 | |||||||||||
144,196 | Heartland Express, Inc. | 2,638,787 | 0.8 | |||||||||||
55,061 | Hubbell, Inc. | 5,469,760 | 1.7 | |||||||||||
197,021 | IMI PLC | 2,372,651 | 0.7 | |||||||||||
6,351 | Ingersoll-Rand PLC - Class A | 579,402 | 0.2 | |||||||||||
218,326 | (2) | Innerworkings, Inc. | 816,539 | 0.3 | ||||||||||
116,621 | Johnson Controls International plc | 3,457,813 | 1.1 | |||||||||||
13,026 | Korn/Ferry International | 515,048 | 0.2 | |||||||||||
76,145 | (2) | Milacron Holdings Corp. | 905,364 | 0.3 | ||||||||||
42,237 | MSC Industrial Direct Co. | 3,248,870 | 1.0 | |||||||||||
4,764 | Multi-Color Corp. | 167,169 | 0.0 | |||||||||||
72,052 | nVent Electric PLC | 1,618,288 | 0.5 | |||||||||||
24,059 | Paccar, Inc. | 1,374,731 | 0.4 | |||||||||||
19,951 | Republic Services, Inc. | 1,438,268 | 0.5 | |||||||||||
26,778 | Schneider Electric SE | 1,816,387 | 0.6 | |||||||||||
61,017 | Southwest Airlines Co. | 2,836,070 | 0.9 | |||||||||||
18,555 | Textron, Inc. | 853,344 | 0.3 | |||||||||||
23,574 | Timken Co. | 879,782 | 0.3 | |||||||||||
2,778 | Valmont Industries, Inc. | 308,219 | 0.1 | |||||||||||
51,835,648 | 16.4 | |||||||||||||
Information Technology: 8.6% | ||||||||||||||
16,962 | (2) | Advanced Energy Industries, Inc. | 728,179 | 0.2 | ||||||||||
41,705 | Applied Materials, Inc. | 1,365,422 | 0.4 | |||||||||||
35,387 | Avnet, Inc. | 1,277,471 | 0.4 | |||||||||||
38,806 | (1) | Belden, Inc. | 1,620,926 | 0.5 | ||||||||||
49,821 | (2) | Casa Systems, Inc. | 654,150 | 0.2 | ||||||||||
13,653 | (2) | Coherent, Inc. | 1,443,259 | 0.5 | ||||||||||
43,643 | (2) | Cray, Inc. | 942,252 | 0.3 | ||||||||||
49,969 | Cypress Semiconductor Corp. | 635,606 | 0.2 | |||||||||||
31,130 | EVERTEC, Inc. | 893,431 | 0.3 | |||||||||||
75,006 | HP, Inc. | 1,534,623 | 0.5 | |||||||||||
33,939 | Kulicke & Soffa Industries, Inc. | 687,943 | 0.2 | |||||||||||
12,810 | Lam Research Corp. | 1,744,338 | 0.6 | |||||||||||
59,787 | Maxim Integrated Products | 3,040,169 | 1.0 | |||||||||||
31,360 | (1) | Microchip Technology, Inc. | 2,255,411 | 0.7 | ||||||||||
75,688 | (1) | Presidio, Inc. | 987,728 | 0.3 | ||||||||||
47,567 | Sapiens International Corp. NV | 524,664 | 0.2 | |||||||||||
30,509 | TE Connectivity Ltd. | 2,307,396 | 0.7 | |||||||||||
16,113 | (2) | Tech Data Corp. | 1,318,204 | 0.4 | ||||||||||
51,774 | (2) | Teradata Corp. | 1,986,051 | 0.6 | ||||||||||
35,782 | Teradyne, Inc. | 1,122,839 | 0.4 | |||||||||||
27,070,062 | 8.6 | |||||||||||||
Materials: 6.6% | ||||||||||||||
512,773 | Graphic Packaging Holding Co. | 5,455,905 | 1.7 | |||||||||||
53,738 | Innophos Holdings, Inc. | 1,318,193 | 0.4 | |||||||||||
36,357 | Minerals Technologies, Inc. | 1,866,568 | 0.6 | |||||||||||
17,005 | PolyOne Corp. | 486,343 | 0.2 | |||||||||||
�� | 243,015 | RPC Group PLC | 2,019,550 | 0.6 | ||||||||||
100,909 | Silgan Holdings, Inc. | 2,383,471 | 0.7 | |||||||||||
58,405 | Sonoco Products Co. | 3,103,058 | 1.0 | |||||||||||
82,815 | WestRock Co. | 3,127,094 | 1.0 | |||||||||||
18,297 | WR Grace & Co. | 1,187,658 | 0.4 | |||||||||||
20,947,840 | 6.6 | |||||||||||||
Real Estate: 5.9% | ||||||||||||||
5,561 | American Tower Corp. | 879,695 | 0.3 | |||||||||||
51,985 | Brandywine Realty Trust | 669,047 | 0.2 | |||||||||||
36,777 | CareTrust REIT, Inc. | 678,903 | 0.2 | |||||||||||
17,780 | Community Healthcare Trust, Inc. | 512,597 | 0.2 | |||||||||||
63,171 | Empire State Realty Trust, Inc. | 898,923 | 0.3 | |||||||||||
3,043 | EPR Properties | 194,843 | 0.1 | |||||||||||
10,624 | Highwoods Properties, Inc. | 411,043 | 0.1 | |||||||||||
101,023 | Kite Realty Group Trust | 1,423,414 | 0.4 | |||||||||||
62,530 | Lexington Realty Trust | 513,371 | 0.2 | |||||||||||
129,432 | MedEquities Realty Trust, Inc. | 885,315 | 0.3 | |||||||||||
33,217 | Medical Properties Trust, Inc. | 534,129 | 0.2 | |||||||||||
82,504 | MGM Growth Properties LLC | 2,178,931 | 0.7 |
See Accompanying Notes to Financial Statements
2 |
VY®American Century Small-Mid Cap Value Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
8,919 | National Health Investors, Inc. | 673,741 | 0.2 | |||||||||||
106,336 | Piedmont Office Realty Trust, Inc. | 1,811,965 | 0.6 | |||||||||||
20,190 | RLJ Lodging Trust | 331,116 | 0.1 | |||||||||||
43,716 | Sabra Healthcare REIT, Inc. | 720,440 | 0.2 | |||||||||||
47,956 | Summit Hotel Properties, Inc. | 466,612 | 0.1 | |||||||||||
15,027 | Urstadt Biddle Properties, Inc. | 288,819 | 0.1 | |||||||||||
26,891 | Weingarten Realty Investors | 667,166 | 0.2 | |||||||||||
178,880 | Weyerhaeuser Co. | 3,910,317 | 1.2 | |||||||||||
18,650,387 | 5.9 | |||||||||||||
Utilities: 6.0% | ||||||||||||||
36,850 | Ameren Corp. | 2,403,726 | 0.8 | |||||||||||
17,401 | Atmos Energy Corp. | 1,613,421 | 0.5 | |||||||||||
27,212 | Edison International | 1,544,825 | 0.5 | |||||||||||
21,936 | Eversource Energy | 1,426,717 | 0.4 | |||||||||||
58,384 | NorthWestern Corp. | 3,470,345 | 1.1 | |||||||||||
32,665 | Pinnacle West Capital Corp. | 2,783,058 | 0.9 | |||||||||||
22,978 | Spire, Inc. | 1,702,210 | 0.5 | |||||||||||
85,108 | Xcel Energy, Inc. | 4,193,271 | 1.3 | |||||||||||
19,137,573 | 6.0 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $352,016,797) | 303,132,315 | 95.8 | ||||||||||||
EXCHANGE-TRADED FUNDS: 1.2% | ||||||||||||||
51,852 | iShares Russell Mid-Cap Value ETF | 3,958,900 | 1.2 | |||||||||||
Total Exchange-Traded Funds | ||||||||||||||
(Cost $4,532,739) | 3,958,900 | 1.2 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $356,549,536) | 307,091,215 | 97.0 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 5.0% | ||||||||||||||
Securities Lending Collateral(5): 2.5% | ||||||||||||||
1,873,591 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $1,873,896, collateralized by various U.S. Government/U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $1,911,378, due 11/15/23-05/15/58) | 1,873,591 | 0.6 | |||||||||||
1,873,591 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $1,873,935, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $1,911,063, due 01/25/19-10/20/68) | 1,873,591 | 0.6 | |||||||||||
1,873,591 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $1,873,904, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $1,911,063, due 01/25/19-02/01/49) | 1,873,591 | 0.6 | |||||||||||
392,785 | Mizuho Securities USA LLC, Repurchase Agreement dated 12/31/18, 2.92%, due 01/02/19 (Repurchase Amount $392,848, collateralized by various U.S. Government Securities, 1.875%-2.625%, Market Value plus accrued interest $400,641, due 02/29/24-09/09/49) | 392,785 | 0.1 | |||||||||||
1,873,591 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $1,873,901, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $1,911,063, due 10/01/25-10/20/48) | 1,873,591 | 0.6 | |||||||||||
7,887,149 | 2.5 |
See Accompanying Notes to Financial Statements
3 |
VY®American Century Small-Mid Cap Value Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 2.5% | ||||||||||||||
7,900,089 | (6) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $7,900,089) | 7,900,089 | 2.5 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $15,787,238) | 15,787,238 | 5.0 | ||||||||||||
Total Investments in Securities (Cost $372,336,774) | $ | 322,878,453 | 102.0 | |||||||||||
Liabilities in Excess of Other Assets | (6,339,282 | ) | (2.0 | ) | ||||||||||
Net Assets | $ | 316,539,171 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
ADR | American Depositary Receipt |
(1) | Security, or a portion of the security, is on loan. |
(2) | Non-income producing security. |
(3) | Security is a Master Limited Partnership. |
(4) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(5) | Represents securities purchased with cash collateral received for securities on loan. |
(6) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
4 |
VY®Baron Growth Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 99.3% | ||||||||||||||
Communication Services: 4.3% | ||||||||||||||
908,000 | (1) | Iridium Communications, Inc. | 16,752,600 | 2.5 | ||||||||||
630,750 | Manchester United PLC - Class A | 11,971,635 | 1.8 | |||||||||||
28,724,235 | 4.3 | |||||||||||||
Consumer Discretionary: 27.9% | ||||||||||||||
230,000 | (1) | Bright Horizons Family Solutions, Inc. | 25,633,500 | 3.8 | ||||||||||
544,900 | Choice Hotels International, Inc. | 39,003,942 | 5.8 | |||||||||||
50,325 | Dick's Sporting Goods, Inc. | 1,570,140 | 0.2 | |||||||||||
188,200 | Marriott Vacations Worldwide Corp. | 13,269,982 | 2.0 | |||||||||||
43,123 | (1) | Ollie's Bargain Outlet Holdings, Inc. | 2,868,111 | 0.4 | ||||||||||
698,741 | (1) | Penn National Gaming, Inc. | 13,157,293 | 2.0 | ||||||||||
255,000 | Red Rock Resorts, Inc. | 5,179,050 | 0.8 | |||||||||||
127,900 | (1) | Under Armour, Inc. - Class A | 2,259,993 | 0.4 | ||||||||||
396,000 | Vail Resorts, Inc. | 83,484,720 | 12.5 | |||||||||||
186,426,731 | 27.9 | |||||||||||||
Consumer Staples: 1.5% | ||||||||||||||
89,875 | Church & Dwight Co., Inc. | 5,910,180 | 0.9 | |||||||||||
116,900 | (1) | Performance Food Group Co. | 3,772,363 | 0.6 | ||||||||||
9,682,543 | 1.5 | |||||||||||||
Financials: 19.8% | ||||||||||||||
561,000 | (1) | Arch Capital Group Ltd. | 14,989,920 | 2.2 | ||||||||||
270,000 | (2) | Carlyle Group L.P. | 4,252,500 | 0.6 | ||||||||||
317,200 | Cohen & Steers, Inc. | 10,886,304 | 1.6 | |||||||||||
65,500 | (1) | Essent Group Ltd. | 2,238,790 | 0.3 | ||||||||||
82,000 | Factset Research Systems, Inc. | 16,410,660 | 2.5 | |||||||||||
51,000 | Houlihan Lokey, Inc. | 1,876,800 | 0.3 | |||||||||||
123,241 | Kinsale Capital Group, Inc. | 6,847,270 | 1.0 | |||||||||||
12,175 | (1) | LendingTree, Inc. | 2,673,264 | 0.4 | ||||||||||
80,000 | Moelis & Co. | 2,750,400 | 0.4 | |||||||||||
136,500 | Morningstar, Inc. | 14,993,160 | 2.3 | |||||||||||
181,000 | MSCI, Inc. - Class A | 26,684,830 | 4.0 | |||||||||||
150,900 | (2) | Oaktree Capital Group LLC | 5,998,275 | 0.9 | ||||||||||
226,825 | Primerica, Inc. | 22,163,071 | 3.3 | |||||||||||
132,765,244 | 19.8 | |||||||||||||
Health Care: 10.2% | ||||||||||||||
94,500 | Bio-Techne Corp. | 13,676,040 | 2.0 | |||||||||||
207,500 | Dechra Pharmaceuticals PLC | 5,482,379 | 0.8 | |||||||||||
81,000 | (1) | Denali Therapeutics, Inc. | 1,673,460 | 0.3 | ||||||||||
143,400 | (1) | Idexx Laboratories, Inc. | 26,675,268 | 4.0 | ||||||||||
16,600 | (1) | Mettler Toledo International, Inc. | 9,388,628 | 1.4 | ||||||||||
62,677 | (1) | Neogen Corp. | 3,572,589 | 0.5 | ||||||||||
79,000 | West Pharmaceutical Services, Inc. | 7,744,370 | 1.2 | |||||||||||
68,212,734 | 10.2 | |||||||||||||
Industrials: 7.4% | ||||||||||||||
64,300 | Air Lease Corp. | 1,942,503 | 0.3 | |||||||||||
8,391 | Albany International Corp. | 523,850 | 0.1 | |||||||||||
237,026 | (1) | Bloom Energy Corp. | 2,365,519 | 0.3 | ||||||||||
50,000 | (1) | BrightView Holdings, Inc. | 510,500 | 0.1 | ||||||||||
112,625 | (1) | CoStar Group, Inc. | 37,992,918 | 5.7 | ||||||||||
108,800 | (1) | Trex Co., Inc. | 6,458,368 | 0.9 | ||||||||||
49,793,658 | 7.4 | |||||||||||||
Information Technology: 20.1% | ||||||||||||||
117,000 | (1) | 2U, Inc. | 5,817,240 | 0.9 | ||||||||||
91,000 | (1) | Altair Engineering, Inc. | 2,509,780 | 0.4 | ||||||||||
176,700 | (1) | ANSYS, Inc. | 25,257,498 | 3.8 | ||||||||||
283,700 | (1) | Benefitfocus, Inc. | 12,970,764 | 1.9 | ||||||||||
76,000 | (1) | Cision Ltd. | 889,200 | 0.1 | ||||||||||
265,600 | (1) | Gartner, Inc. | 33,954,304 | 5.1 | ||||||||||
164,000 | (1) | Guidewire Software, Inc. | 13,157,720 | 1.9 | ||||||||||
15,000 | Littelfuse, Inc. | 2,572,200 | 0.4 | |||||||||||
175,875 | Maximus, Inc. | 11,447,704 | 1.7 | |||||||||||
470,000 | SS&C Technologies Holdings, Inc. | 21,201,700 | 3.2 | |||||||||||
52,753 | (1) | Wix.com Ltd. | 4,765,706 | 0.7 | ||||||||||
134,543,816 | 20.1 | |||||||||||||
Real Estate: 8.1% | ||||||||||||||
11,190 | Alexander's, Inc. | 3,410,041 | 0.5 | |||||||||||
82,000 | Alexandria Real Estate Equities, Inc. | 9,449,680 | 1.4 | |||||||||||
68,838 | American Assets Trust, Inc. | 2,765,222 | 0.4 | |||||||||||
470,000 | Douglas Emmett, Inc. | 16,041,100 | 2.4 | |||||||||||
699,650 | Gaming and Leisure Properties, Inc. | 22,605,692 | 3.4 | |||||||||||
54,271,735 | 8.1 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $252,224,971) | 664,420,696 | 99.3 | ||||||||||||
SHORT-TERM INVESTMENTS: 0.7% | ||||||||||||||
Mutual Funds: 0.7% | ||||||||||||||
4,545,339 | (3) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $4,545,339) | 4,545,339 | 0.7 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $4,545,339) | 4,545,339 | 0.7 | ||||||||||||
Total Investments in Securities (Cost $256,770,310) | $ | 668,966,035 | 100.0 | |||||||||||
Assets in Excess of Other Liabilities | 221,638 | 0.0 | ||||||||||||
Net Assets | $ | 669,187,673 | 100.0 |
(1) | Non-income producing security. |
(2) | Security is a Master Limited Partnership. |
(3) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
5 |
VY®Columbia Contrarian Core Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 97.7% | ||||||||||||||
Communication Services: 12.8% | ||||||||||||||
23,745 | Activision Blizzard, Inc. | 1,105,805 | 0.4 | |||||||||||
3,933 | (1) | Alphabet, Inc. - Class A | 4,109,828 | 1.6 | ||||||||||
6,274 | (1) | Alphabet, Inc. - Class C | 6,497,417 | 2.6 | ||||||||||
148,435 | AT&T, Inc. | 4,236,335 | 1.7 | |||||||||||
148,309 | Comcast Corp. – Class A | 5,049,921 | 2.0 | |||||||||||
22,010 | (1) | Electronic Arts, Inc. | 1,736,809 | 0.7 | ||||||||||
49,240 | (1) | Facebook, Inc.- Class A | 6,454,872 | 2.6 | ||||||||||
9,880 | (1) | T-Mobile US, Inc. | 628,467 | 0.3 | ||||||||||
41,852 | Verizon Communications, Inc. | 2,352,919 | 0.9 | |||||||||||
32,172,373 | 12.8 | |||||||||||||
Consumer Discretionary: 10.1% | ||||||||||||||
5,365 | (1) | Amazon.com, Inc. | 8,058,069 | 3.2 | ||||||||||
10,991 | Dollar General Corp. | 1,187,907 | 0.5 | |||||||||||
84,755 | (1) | eBay, Inc. | 2,379,073 | 1.0 | ||||||||||
6,585 | Expedia Group, Inc. | 741,800 | 0.3 | |||||||||||
46,209 | Lowe's Cos, Inc. | 4,267,863 | 1.7 | |||||||||||
17,171 | McDonald's Corp. | 3,049,055 | 1.2 | |||||||||||
24,940 | PVH Corp. | 2,318,173 | 0.9 | |||||||||||
35,327 | Restaurant Brands International, Inc. | 1,847,602 | 0.7 | |||||||||||
47,685 | Tapestry, Inc. | 1,609,369 | 0.6 | |||||||||||
25,458,911 | 10.1 | |||||||||||||
Consumer Staples: 5.7% | ||||||||||||||
81,351 | Conagra Brands, Inc. | 1,737,657 | 0.7 | |||||||||||
7,890 | Constellation Brands, Inc. | 1,268,870 | 0.5 | |||||||||||
101,845 | Mondelez International, Inc. | 4,076,855 | 1.6 | |||||||||||
80,350 | Philip Morris International, Inc. | 5,364,166 | 2.1 | |||||||||||
31,324 | Sysco Corp. | 1,962,762 | 0.8 | |||||||||||
14,410,310 | 5.7 | |||||||||||||
Energy: 5.2% | ||||||||||||||
97,653 | Canadian Natural Resources Ltd. | 2,356,367 | 0.9 | |||||||||||
54,931 | Chevron Corp. | 5,975,943 | 2.4 | |||||||||||
10,320 | Cimarex Energy Co. | 636,228 | 0.3 | |||||||||||
33,294 | EOG Resources, Inc. | 2,903,570 | 1.2 | |||||||||||
30,505 | Schlumberger Ltd. | 1,100,620 | 0.4 | |||||||||||
12,972,728 | 5.2 | |||||||||||||
Financials: 15.4% | ||||||||||||||
58,515 | American International Group, Inc. | 2,306,076 | 0.9 | |||||||||||
17,695 | Aon PLC | 2,572,145 | 1.0 | |||||||||||
38,177 | (1) | Berkshire Hathaway, Inc. – Class B | 7,794,980 | 3.1 | ||||||||||
6,916 | Blackrock, Inc. | 2,716,743 | 1.1 | |||||||||||
30,225 | Charles Schwab Corp. | 1,255,244 | 0.5 | |||||||||||
98,042 | Citigroup, Inc. | 5,104,067 | 2.0 | |||||||||||
71,418 | JPMorgan Chase & Co. | 6,971,825 | 2.8 | |||||||||||
54,600 | Morgan Stanley | 2,164,890 | 0.9 | |||||||||||
19,706 | State Street Corp. | 1,242,858 | 0.5 | |||||||||||
21,800 | US Bancorp | 996,260 | 0.4 | |||||||||||
120,425 | Wells Fargo & Co. | 5,549,184 | 2.2 | |||||||||||
38,674,272 | 15.4 | |||||||||||||
Health Care: 16.7% | ||||||||||||||
27,328 | Abbott Laboratories | 1,976,634 | 0.8 | |||||||||||
15,125 | Agilent Technologies, Inc. | 1,020,333 | 0.4 | |||||||||||
19,930 | (1) | Alexion Pharmaceuticals, Inc. | 1,940,385 | 0.8 | ||||||||||
22,605 | Allergan PLC | 3,021,384 | 1.2 | |||||||||||
16,380 | Anthem, Inc. | 4,301,879 | 1.7 | |||||||||||
9,625 | (1) | Biogen, Inc. | 2,896,355 | 1.2 | ||||||||||
9,698 | Cigna Corp. | 1,841,844 | 0.7 | |||||||||||
42,685 | CVS Health Corp. | 2,796,721 | 1.1 | |||||||||||
33,605 | Dentsply Sirona, Inc. | 1,250,442 | 0.5 | |||||||||||
58,012 | Johnson & Johnson | 7,486,449 | 3.0 | |||||||||||
66,628 | Medtronic PLC | 6,060,483 | 2.4 | |||||||||||
165,511 | Pfizer, Inc. | 7,224,555 | 2.9 | |||||||||||
41,817,464 | 16.7 | |||||||||||||
Industrials: 5.7% | ||||||||||||||
18,330 | Caterpillar, Inc. | 2,329,193 | 0.9 | |||||||||||
20,260 | Emerson Electric Co. | 1,210,535 | 0.5 | |||||||||||
10,104 | FedEx Corp. | 1,630,078 | 0.6 | |||||||||||
8,945 | Harris Corp. | 1,204,444 | 0.5 | |||||||||||
34,032 | Honeywell International, Inc. | 4,496,308 | 1.8 | |||||||||||
8,765 | Northrop Grumman Corp. | 2,146,549 | 0.9 | |||||||||||
29,458 | Southwest Airlines Co. | 1,369,208 | 0.5 | |||||||||||
14,386,315 | 5.7 | |||||||||||||
Information Technology: 20.6% | ||||||||||||||
5,565 | (1) | Adobe, Inc. | 1,259,026 | 0.5 | ||||||||||
61,446 | Apple, Inc. | 9,692,492 | 3.8 | |||||||||||
16,806 | Broadcom, Inc. | 4,273,430 | 1.7 | |||||||||||
74,140 | Cisco Systems, Inc. | 3,212,486 | 1.3 | |||||||||||
36,055 | Fidelity National Information Services, Inc. | 3,697,440 | 1.5 | |||||||||||
113,555 | (1) | First Data Corp. | 1,920,215 | 0.8 | ||||||||||
9,825 | Lam Research Corp. | 1,337,870 | 0.5 | |||||||||||
35,391 | Mastercard, Inc. - Class A | 6,676,512 | 2.6 | |||||||||||
13,085 | Microchip Technology, Inc. | 941,073 | 0.4 | |||||||||||
128,365 | Microsoft Corp. | 13,038,033 | 5.2 | |||||||||||
9,395 | Nvidia Corp. | 1,254,233 | 0.5 | |||||||||||
9,390 | (1) | Palo Alto Networks, Inc. | 1,768,607 | 0.7 | ||||||||||
16,300 | Qualcomm, Inc. | 927,633 | 0.4 | |||||||||||
22,590 | Total System Services, Inc. | 1,836,341 | 0.7 | |||||||||||
51,835,391 | 20.6 | |||||||||||||
Materials: 2.3% | ||||||||||||||
7,525 | Air Products & Chemicals, Inc. | 1,204,376 | 0.5 | |||||||||||
47,986 | DowDuPont, Inc. | 2,566,292 | 1.0 | |||||||||||
5,168 | Sherwin-Williams Co. | 2,033,401 | 0.8 | |||||||||||
5,804,069 | 2.3 | |||||||||||||
Real Estate: 2.3% | ||||||||||||||
19,425 | American Tower Corp. | 3,072,841 | 1.2 | |||||||||||
3,530 | Equinix, Inc. | 1,244,537 | 0.5 |
See Accompanying Notes to Financial Statements
6 |
VY®Columbia Contrarian Core Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
61,425 | Weyerhaeuser Co. | 1,342,750 | 0.6 | |||||||||||
5,660,128 | 2.3 | |||||||||||||
Utilities: 0.9% | ||||||||||||||
30,980 | American Electric Power Co., Inc. | 2,315,445 | 0.9 | |||||||||||
Total Common Stock | ||||||||||||||
(Cost $231,455,786) | 245,507,406 | 97.7 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
OTHER(2): –% | ||||||||||||||
Materials: –% | ||||||||||||||
649,000 | (3),(4) | SINO Forest Corp. (Escrow), 0.000%, 08/01/2049 | – | – | ||||||||||
Total Other | ||||||||||||||
(Cost $–) | – | – | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $231,455,786) | 245,507,406 | 97.7 |
Shares | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 2.1% | ||||||||||||||
Mutual Funds: 2.1% | ||||||||||||||
5,169,457 | (5) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $5,169,457) | 5,169,457 | 2.1 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $5,169,457) | 5,169,457 | 2.1 | ||||||||||||
Total Investments in Securities (Cost $236,625,243) | $ | 250,676,863 | 99.8 | |||||||||||
Assets in Excess of Other Liabilities | 595,262 | 0.2 | ||||||||||||
Net Assets | $ | 251,272,125 | �� | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Non-income producing security. |
(2) | Represents an escrow position for future entitlements, if any, on the defaulted bond. The escrow position was received in exchange for the defaulted bond as part of the bankruptcy reorganization of the bond issuer. |
(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 December 31, 2018, the Portfolio held restricted securities with a fair value of $– or 0.0% of net assets. Please refer to the table below for additional details. |
(5) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
7 |
VY®Columbia Small Cap Value II Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 96.3% | ||||||||||||||
Communication Services: 1.8% | ||||||||||||||
23,000 | Nexstar Media Group, Inc. | 1,808,720 | 1.2 | |||||||||||
109,000 | (1) | Vonage Holdings Corp. | 951,570 | 0.6 | ||||||||||
2,760,290 | 1.8 | |||||||||||||
Consumer Discretionary: 8.4% | ||||||||||||||
39,000 | Aarons, Inc. | 1,639,950 | 1.0 | |||||||||||
42,000 | (1) | Adtalem Global Education, Inc. | 1,987,440 | 1.2 | ||||||||||
70,000 | American Eagle Outfitters, Inc. | 1,353,100 | 0.9 | |||||||||||
127,000 | (1) | Ascena Retail Group, Inc. | 318,770 | 0.2 | ||||||||||
37,000 | Brinker International, Inc. | 1,627,260 | 1.0 | |||||||||||
10,000 | Childrens Place, Inc./The | 900,900 | 0.6 | |||||||||||
24,000 | Dine Brands Global, Inc. | 1,616,160 | 1.0 | |||||||||||
31,000 | (1) | Genesco, Inc. | 1,373,300 | 0.9 | ||||||||||
44,000 | KB Home | 840,400 | 0.5 | |||||||||||
34,500 | (1) | Sally Beauty Holdings, Inc. | 588,225 | 0.4 | ||||||||||
45,651 | Tower International, Inc. | 1,086,494 | 0.7 | |||||||||||
13,331,999 | 8.4 | |||||||||||||
Consumer Staples: 2.3% | ||||||||||||||
82,000 | (1) | BJ's Wholesale Club Holdings, Inc. | 1,817,120 | 1.1 | ||||||||||
36,000 | (1) | TreeHouse Foods, Inc. | 1,825,560 | 1.2 | ||||||||||
3,642,680 | 2.3 | |||||||||||||
Energy: 4.5% | ||||||||||||||
21,500 | Arch Coal, Inc. | 1,784,285 | 1.1 | |||||||||||
123,000 | (1) | Callon Petroleum Co. | 798,270 | 0.5 | ||||||||||
69,000 | (1) | Carrizo Oil & Gas, Inc. | 779,010 | 0.5 | ||||||||||
64,000 | (1) | Diamond Offshore Drilling | 604,160 | 0.4 | ||||||||||
130,000 | (1) | Oasis Petroleum, Inc. | 718,900 | 0.5 | ||||||||||
31,300 | (1) | Oceaneering International, Inc. | 378,730 | 0.2 | ||||||||||
79,500 | Patterson-UTI Energy, Inc. | 822,825 | 0.5 | |||||||||||
35,400 | SM Energy Co. | 547,992 | 0.4 | |||||||||||
205,000 | (1) | Southwestern Energy Co. | 699,050 | 0.4 | ||||||||||
7,133,222 | 4.5 | |||||||||||||
Financials: 29.2% | ||||||||||||||
53,000 | American Equity Investment Life Holding Co. | 1,480,820 | 0.9 | |||||||||||
47,000 | Ameris Bancorp. | 1,488,490 | 0.9 | |||||||||||
30,000 | Amerisafe, Inc. | 1,700,700 | 1.1 | |||||||||||
35,000 | Argo Group International Holdings Ltd. | 2,353,750 | 1.5 | |||||||||||
61,000 | (1) | Axos Financial, Inc. | 1,535,980 | 1.0 | ||||||||||
39,000 | Blackstone Mortgage Trust, Inc. | 1,242,540 | 0.8 | |||||||||||
49,400 | OceanFirst Financial Corp. | 1,111,994 | 0.7 | |||||||||||
58,000 | Cathay General Bancorp. | 1,944,740 | 1.2 | |||||||||||
35,000 | Chemical Financial Corp. | 1,281,350 | 0.8 | |||||||||||
82,000 | CNO Financial Group, Inc. | 1,220,160 | 0.8 | |||||||||||
44,000 | Community Bank System, Inc. | 2,565,200 | 1.6 | |||||||||||
47,500 | Hancock Whitney Corp. | 1,645,875 | 1.0 | |||||||||||
22,000 | (1) | Health Insurance Innovations, Inc. | 588,060 | 0.4 | ||||||||||
86,700 | Heritage Commerce Corp. | 983,178 | 0.6 | |||||||||||
52,000 | Heritage Financial Corp. | 1,545,440 | 1.0 | |||||||||||
43,500 | Houlihan Lokey, Inc. | 1,600,800 | 1.0 | |||||||||||
32,500 | Independent Bank Corp. | 2,285,075 | 1.5 | |||||||||||
39,000 | Invesco Mortgage Capital, Inc. | 564,720 | 0.4 | |||||||||||
157,724 | (1) | MBIA, Inc. | 1,406,898 | 0.9 | ||||||||||
183,000 | (1) | MGIC Investment Corp. | 1,914,180 | 1.2 | ||||||||||
23,000 | Moelis & Co. | 790,740 | 0.5 | |||||||||||
58,000 | (1) | Pacific Premier Bancorp, Inc. | 1,480,160 | 0.9 | ||||||||||
63,500 | Renasant Corp. | 1,916,430 | 1.2 | |||||||||||
62,000 | Sandy Spring Bancorp, Inc. | 1,943,080 | 1.2 | |||||||||||
140,500 | (1) | SLM Corp. | 1,167,555 | 0.7 | ||||||||||
80,000 | TCF Financial Corp. | 1,559,200 | 1.0 | |||||||||||
31,500 | UMB Financial Corp. | 1,920,555 | 1.2 | |||||||||||
75,500 | Union Bankshares Corp. | 2,131,365 | 1.4 | |||||||||||
38,000 | Virtu Financial, Inc. | 978,880 | 0.6 | |||||||||||
51,000 | WSFS Financial Corp. | 1,933,410 | 1.2 | |||||||||||
46,281,325 | 29.2 | |||||||||||||
Health Care: 5.0% | ||||||||||||||
47,200 | (1) | Alder Biopharmaceuticals, Inc. | 483,800 | 0.3 | ||||||||||
49,700 | (1) | Amneal Pharmaceuticals, Inc. | 672,441 | 0.4 | ||||||||||
56,000 | (1) | Endo International PLC | 408,800 | 0.3 | ||||||||||
78,000 | (1) | Horizon Pharma PLC | 1,524,120 | 1.0 | ||||||||||
26,500 | (1) | Immunomedics, Inc. | 378,155 | 0.2 | ||||||||||
24,000 | (1) | LHC Group, Inc. | 2,253,120 | 1.4 | ||||||||||
26,700 | (1) | Merit Medical Systems, Inc. | 1,490,127 | 1.0 | ||||||||||
5,500 | (1) | Molina Healthcare, Inc. | 639,210 | 0.4 | ||||||||||
7,849,773 | 5.0 | |||||||||||||
Industrials: 14.8% | ||||||||||||||
33,000 | Armstrong World Industries, Inc. | 1,920,930 | 1.2 | |||||||||||
31,000 | Barnes Group, Inc. | 1,662,220 | 1.1 | |||||||||||
59,000 | (1) | Covenant Transportation Group, Inc. | 1,132,800 | 0.7 | ||||||||||
36,500 | Granite Construction, Inc. | 1,470,220 | 0.9 | |||||||||||
38,000 | Hawaiian Holdings, Inc. | 1,003,580 | 0.6 | |||||||||||
59,543 | (1) | Hertz Global Holdings, Inc. | 812,762 | 0.5 | ||||||||||
26,000 | ICF International, Inc. | 1,684,280 | 1.1 | |||||||||||
46,000 | KBR, Inc. | 698,280 | 0.4 | |||||||||||
52,500 | Kennametal, Inc. | 1,747,200 | 1.1 | |||||||||||
44,000 | Kforce, Inc. | 1,360,480 | 0.9 | |||||||||||
32,400 | Korn/Ferry International | 1,281,096 | 0.8 | |||||||||||
42,361 | (1) | Mastec, Inc. | 1,718,162 | 1.1 | ||||||||||
54,500 | (1) | Navistar International Corp. | 1,414,275 | 0.9 | ||||||||||
71,900 | (1) | NOW, Inc. | 836,916 | 0.5 |
See Accompanying Notes to Financial Statements
8 |
VY®Columbia Small Cap Value II Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (continued) |
35,500 | Skywest, Inc. | 1,578,685 | 1.0 | |||||||||||
12,000 | (1) | Spirit Airlines, Inc. | 695,040 | 0.4 | ||||||||||
113,800 | (1) | Sunrun, Inc. | 1,239,282 | 0.8 | ||||||||||
41,200 | Triton International Ltd./Bermuda | 1,280,084 | 0.8 | |||||||||||
23,536,292 | 14.8 | |||||||||||||
Information Technology: 9.7% | ||||||||||||||
70,000 | (1) | Avaya Holdings Corp. | 1,019,200 | 0.6 | ||||||||||
56,500 | (1) | Ciena Corp. | 1,915,915 | 1.2 | ||||||||||
50,000 | Cohu, Inc. | 803,500 | 0.5 | |||||||||||
32,000 | (1) | Cree, Inc. | 1,368,800 | 0.9 | ||||||||||
17,400 | Ebix, Inc. | 740,544 | 0.5 | |||||||||||
30,000 | (1) | Electronics for Imaging, Inc. | 744,000 | 0.5 | ||||||||||
48,000 | Entegris, Inc. | 1,338,960 | 0.8 | |||||||||||
58,000 | Kulicke & Soffa Industries, Inc. | 1,175,660 | 0.7 | |||||||||||
16,200 | (1) | Lumentum Holdings, Inc. | 680,562 | 0.4 | ||||||||||
20,000 | Science Applications International Corp. | 1,274,000 | 0.8 | |||||||||||
18,000 | SYNNEX Corp. | 1,455,120 | 0.9 | |||||||||||
96,000 | (1) | TTM Technologies, Inc. | 934,080 | 0.6 | ||||||||||
17,800 | (1) | Verint Systems, Inc. | 753,118 | 0.5 | ||||||||||
122,700 | (1) | Viavi Solutions, Inc. | 1,233,135 | 0.8 | ||||||||||
15,436,594 | 9.7 | |||||||||||||
Materials: 5.3% | ||||||||||||||
75,000 | (1) | Allegheny Technologies, Inc. | 1,632,750 | 1.0 | ||||||||||
26,500 | Carpenter Technology Corp. | 943,665 | 0.6 | |||||||||||
107,000 | (1) | Cleveland-Cliffs, Inc. | 822,830 | 0.5 | ||||||||||
33,000 | (1) | Cliffs Natural Resources, Inc. | 253,770 | 0.2 | ||||||||||
58,201 | (1) | Livent Corp. | 803,174 | 0.5 | ||||||||||
35,500 | Materion Corp. | 1,597,145 | 1.0 | |||||||||||
12,800 | Neenah, Inc. | 754,176 | 0.5 | |||||||||||
64,000 | Orion Engineered Carbons SA | 1,617,920 | 1.0 | |||||||||||
8,425,430 | 5.3 | |||||||||||||
Real Estate: 8.8% | ||||||||||||||
43,000 | American Assets Trust, Inc. | 1,727,310 | 1.1 | |||||||||||
73,000 | Brandywine Realty Trust | 939,510 | 0.6 | |||||||||||
72,000 | Chesapeake Lodging Trust | 1,753,200 | 1.1 | |||||||||||
38,000 | CoreCivic, Inc. | 677,540 | 0.4 | |||||||||||
78,000 | First Industrial Realty Trust, Inc. | 2,251,080 | 1.4 | |||||||||||
41,000 | Hudson Pacific Properties, Inc. | 1,191,460 | 0.8 | |||||||||||
75,000 | Mack-Cali Realty Corp. | 1,469,250 | 0.9 | |||||||||||
17,500 | PS Business Parks, Inc. | 2,292,500 | 1.4 | |||||||||||
129,000 | Sunstone Hotel Investors, Inc. | 1,678,290 | 1.1 | |||||||||||
13,980,140 | 8.8 | |||||||||||||
Utilities: 6.5% | ||||||||||||||
53,500 | New Jersey Resources Corp. | 2,443,345 | 1.5 | |||||||||||
25,000 | ONE Gas, Inc. | 1,990,000 | 1.2 | |||||||||||
28,300 | PNM Resources, Inc. | 1,162,847 | 0.7 | |||||||||||
40,000 | Portland General Electric Co. | 1,834,000 | 1.2 | |||||||||||
55,000 | South Jersey Industries, Inc. | 1,529,000 | 1.0 | |||||||||||
18,500 | Southwest Gas Holdings, Inc. | 1,415,250 | 0.9 | |||||||||||
10,374,442 | 6.5 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $152,831,246) | 152,752,187 | 96.3 | ||||||||||||
SHORT-TERM INVESTMENTS: 1.6% | ||||||||||||||
Mutual Funds: 1.6% | ||||||||||||||
2,508,689 | (2) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $2,508,689) | 2,508,689 | 1.6 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $2,508,689) | 2,508,689 | 1.6 | ||||||||||||
Total Investments in Securities (Cost $155,339,935) | $ | 155,260,876 | 97.9 | |||||||||||
Assets in Excess of Other Liabilities | 3,404,041 | 2.1 | ||||||||||||
Net Assets | $ | 158,664,917 | 100.0 |
(1) | Non-income producing security. |
(2) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
9 |
VY®Invesco Comstock Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 92.2% | ||||||||||||||
Communication Services: 4.4% | ||||||||||||||
75,087 | CBS Corp. - Class B | 3,282,804 | 0.7 | |||||||||||
15,392 | (1) | Charter Communications, Inc. | 4,386,258 | 0.9 | ||||||||||
130,111 | Comcast Corp. – Class A | 4,430,280 | 1.0 | |||||||||||
97,996 | Verizon Communications, Inc. | 5,509,335 | 1.2 | |||||||||||
1,484,934 | Vodafone Group PLC | 2,887,142 | 0.6 | |||||||||||
20,495,819 | 4.4 | |||||||||||||
Consumer Discretionary: 6.9% | ||||||||||||||
22,172 | Advance Auto Parts, Inc. | 3,491,203 | 0.8 | |||||||||||
177,717 | Carnival Corp. | 8,761,448 | 1.9 | |||||||||||
264,667 | (1) | eBay, Inc. | 7,429,203 | 1.6 | ||||||||||
121,570 | Gap, Inc. | 3,131,643 | 0.7 | |||||||||||
269,651 | General Motors Co. | 9,019,826 | 1.9 | |||||||||||
31,833,323 | 6.9 | |||||||||||||
Consumer Staples: 4.5% | ||||||||||||||
87,243 | Archer-Daniels-Midland Co. | 3,574,346 | 0.8 | |||||||||||
32,982 | Bunge Ltd. | 1,762,558 | 0.4 | |||||||||||
69,554 | Danone | 4,902,353 | 1.1 | |||||||||||
62,074 | Kimberly-Clark Corp. | 7,072,711 | 1.5 | |||||||||||
43,825 | Reckitt Benckiser Group PLC | 3,355,957 | 0.7 | |||||||||||
20,667,925 | 4.5 | |||||||||||||
Energy: 16.1% | ||||||||||||||
62,330 | Anadarko Petroleum Corp. | 2,732,547 | 0.6 | |||||||||||
233,140 | BP PLC ADR | 8,840,669 | 1.9 | |||||||||||
162,573 | Canadian Natural Resources Ltd. | 3,922,616 | 0.9 | |||||||||||
82,047 | Chevron Corp. | 8,925,893 | 1.9 | |||||||||||
243,165 | Devon Energy Corp. | 5,480,939 | 1.2 | |||||||||||
258,023 | EnCana Corp. | 1,491,373 | 0.3 | |||||||||||
16,669 | Exxon Mobil Corp. | 1,136,659 | 0.2 | |||||||||||
101,850 | Halliburton Co. | 2,707,173 | 0.6 | |||||||||||
120,940 | Hess Corp. | 4,898,070 | 1.1 | |||||||||||
539,955 | Marathon Oil Corp. | 7,742,955 | 1.7 | |||||||||||
167,166 | Noble Energy, Inc. | 3,136,034 | 0.7 | |||||||||||
63,610 | Occidental Petroleum Corp. | 3,904,382 | 0.8 | |||||||||||
177,423 | Royal Dutch Shell PLC - Class A ADR | 10,338,438 | 2.2 | |||||||||||
323,459 | Suncor Energy, Inc. | 9,047,148 | 2.0 | |||||||||||
74,304,896 | 16.1 | |||||||||||||
Financials: 28.5% | ||||||||||||||
247,423 | American International Group, Inc. | 9,750,940 | 2.1 | |||||||||||
54,767 | Allstate Corp. | 4,525,397 | 1.0 | |||||||||||
166,049 | Ally Financial, Inc. | 3,762,670 | 0.8 | |||||||||||
823,905 | Bank of America Corp. | 20,301,019 | 4.4 | |||||||||||
123,181 | Bank of New York Mellon Corp. | 5,798,130 | 1.3 | |||||||||||
395,559 | Citigroup, Inc. | 20,592,802 | 4.4 | |||||||||||
164,801 | Citizens Financial Group, Inc. | 4,899,534 | 1.1 | |||||||||||
286,151 | Fifth Third Bancorp | 6,733,133 | 1.5 | |||||||||||
24,252 | Goldman Sachs Group, Inc. | 4,051,297 | 0.9 | |||||||||||
167,996 | JPMorgan Chase & Co. | 16,399,769 | 3.5 | |||||||||||
104,083 | Keycorp | 1,538,347 | 0.3 | |||||||||||
170,590 | Metlife, Inc. | 7,004,425 | 1.5 | |||||||||||
199,105 | Morgan Stanley | 7,894,513 | 1.7 | |||||||||||
52,541 | PNC Financial Services Group, Inc. | 6,142,568 | 1.3 | |||||||||||
89,769 | State Street Corp. | 5,661,731 | 1.2 | |||||||||||
148,433 | Wells Fargo & Co. | 6,839,793 | 1.5 | |||||||||||
131,896,068 | 28.5 | |||||||||||||
Health Care: 15.1% | ||||||||||||||
54,768 | Allergan PLC | 7,320,291 | 1.6 | |||||||||||
34,060 | Anthem, Inc. | 8,945,178 | 1.9 | |||||||||||
46,292 | Bristol-Myers Squibb Co. | 2,406,258 | 0.5 | |||||||||||
77,554 | Cardinal Health, Inc. | 3,458,908 | 0.8 | |||||||||||
65,851 | CVS Health Corp. | 4,314,557 | 0.9 | |||||||||||
85,826 | Gilead Sciences, Inc. | 5,368,416 | 1.2 | |||||||||||
29,580 | McKesson Corp. | 3,267,703 | 0.7 | |||||||||||
56,062 | Medtronic PLC | 5,099,400 | 1.1 | |||||||||||
88,340 | Merck & Co., Inc. | 6,750,059 | 1.5 | |||||||||||
148,433 | (1) | Mylan NV | 4,067,064 | 0.9 | ||||||||||
45,618 | Novartis AG | 3,906,920 | 0.8 | |||||||||||
183,318 | Pfizer, Inc. | 8,001,831 | 1.7 | |||||||||||
161,009 | Sanofi ADR | 6,989,401 | 1.5 | |||||||||||
69,895,986 | 15.1 | |||||||||||||
Industrials: 5.9% | ||||||||||||||
126,987 | Arconic, Inc. | 2,141,001 | 0.5 | |||||||||||
14,694 | Caterpillar, Inc. | 1,867,166 | 0.4 | |||||||||||
81,048 | Eaton Corp. PLC | 5,564,756 | 1.2 | |||||||||||
44,669 | Emerson Electric Co. | 2,668,973 | 0.6 | |||||||||||
179,953 | General Electric Co. | 1,362,244 | 0.3 | |||||||||||
32,170 | Ingersoll-Rand PLC - Class A | 2,934,869 | 0.6 | |||||||||||
247,552 | Johnson Controls International plc | 7,339,917 | 1.6 | |||||||||||
71,231 | Textron, Inc. | 3,275,914 | 0.7 | |||||||||||
27,154,840 | 5.9 | |||||||||||||
Information Technology: 8.6% | ||||||||||||||
259,963 | Cisco Systems, Inc. | 11,264,197 | 2.4 | |||||||||||
61,912 | Cognizant Technology Solutions Corp. | 3,930,174 | 0.8 | |||||||||||
194,625 | Intel Corp. | 9,133,751 | 2.0 | |||||||||||
67,388 | Microsoft Corp. | 6,844,599 | 1.5 | |||||||||||
22,480 | NetApp, Inc. | 1,341,382 | 0.3 | |||||||||||
129,506 | Qualcomm, Inc. | 7,370,186 | 1.6 | |||||||||||
39,884,289 | 8.6 | |||||||||||||
Materials: 2.2% | ||||||||||||||
79,944 | CF Industries Holdings, Inc. | 3,478,363 | 0.7 | |||||||||||
170,085 | International Paper Co. | 6,864,631 | 1.5 | |||||||||||
10,342,994 | 2.2 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $420,311,420) | 426,476,140 | 92.2 |
See Accompanying Notes to Financial Statements
10 |
VY®Invesco Comstock Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
CLOSED-END FUNDS: 0.4% | ||||||||||||||
Consumer Discretionary: 0.4% | ||||||||||||||
33,321 | (1) | Altaba, Inc. | 1,930,619 | 0.4 | ||||||||||
Total Closed-End Funds | ||||||||||||||
(Cost $1,186,454) | 1,930,619 | 0.4 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $421,497,874) | 428,406,759 | 92.6 | ||||||||||||
SHORT-TERM INVESTMENTS: 4.5% | ||||||||||||||
Mutual Funds: 4.5% | ||||||||||||||
20,983,920 | (2) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $20,983,920) | 20,983,920 | 4.5 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $20,983,920) | 20,983,920 | 4.5 | ||||||||||||
Total Investments in Securities (Cost $442,481,794) | $ | 449,390,679 | 97.1 | |||||||||||
Assets in Excess of Other Liabilities | 13,310,199 | 2.9 | ||||||||||||
Net Assets | $ | 462,700,878 | 100.0 |
ADR | American Depositary Receipt |
(1) | Non-income producing security. |
(2) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
11 |
VY® JPMorgan Mid Cap Value Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 98.6% | ||||||||||||||
Communication Services: 1.7% | ||||||||||||||
54,582 | CBS Corp. - Class B | 2,386,325 | 0.6 | |||||||||||
86,170 | (1) | Dish Network Corp. - Class A | 2,151,665 | 0.5 | ||||||||||
60,910 | Match Group, Inc. | 2,605,121 | 0.6 | |||||||||||
7,143,111 | 1.7 | |||||||||||||
Consumer Discretionary: 13.5% | ||||||||||||||
7,190 | (1) | Autozone, Inc. | 6,027,665 | 1.5 | ||||||||||
64,250 | Best Buy Co., Inc. | 3,402,680 | 0.8 | |||||||||||
84,660 | BorgWarner, Inc. | 2,941,088 | 0.7 | |||||||||||
52,110 | Expedia Group, Inc. | 5,870,192 | 1.4 | |||||||||||
143,320 | Gap, Inc. | 3,691,923 | 0.9 | |||||||||||
31,220 | Genuine Parts Co. | 2,997,744 | 0.7 | |||||||||||
75,140 | Hilton Worldwide Holdings, Inc. | 5,395,052 | 1.3 | |||||||||||
75,981 | Kohl's Corp. | 5,040,580 | 1.2 | |||||||||||
37,700 | (1) | Mohawk Industries, Inc. | 4,409,392 | 1.1 | ||||||||||
139,326 | Newell Brands, Inc. | 2,590,070 | 0.6 | |||||||||||
58,070 | Nordstrom, Inc. | 2,706,643 | 0.7 | |||||||||||
40,780 | PVH Corp. | 3,790,501 | 0.9 | |||||||||||
32,380 | Ralph Lauren Corp. | 3,350,035 | 0.8 | |||||||||||
44,710 | (2) | Tiffany & Co. | 3,599,602 | 0.9 | ||||||||||
55,813,167 | 13.5 | |||||||||||||
Consumer Staples: 5.6% | ||||||||||||||
149,882 | Conagra Brands, Inc. | 3,201,480 | 0.8 | |||||||||||
20,770 | Constellation Brands, Inc. | 3,340,231 | 0.8 | |||||||||||
224,540 | Coty, Inc - Class A | 1,472,982 | 0.4 | |||||||||||
56,243 | (1) | Edgewell Personal Care Co. | 2,100,676 | 0.5 | ||||||||||
49,083 | Energizer Holdings, Inc. | 2,216,098 | 0.5 | |||||||||||
66,720 | Keurig Dr Pepper, Inc. | 1,710,701 | 0.4 | |||||||||||
124,250 | Kroger Co. | 3,416,875 | 0.8 | |||||||||||
34,820 | Molson Coors Brewing Co. | 1,955,491 | 0.5 | |||||||||||
41,470 | (1) | Post Holdings, Inc. | 3,696,221 | 0.9 | ||||||||||
23,110,755 | 5.6 | |||||||||||||
Energy: 6.0% | ||||||||||||||
101,890 | Cabot Oil & Gas Corp. | 2,277,242 | 0.6 | |||||||||||
84,373 | Diamondback Energy, Inc. | 7,821,335 | 1.9 | |||||||||||
142,180 | EQT Corp. | 2,685,780 | 0.6 | |||||||||||
130,804 | (1) | Equitrans Midstream Corp. | 2,618,696 | 0.6 | ||||||||||
78,460 | PBF Energy, Inc. | 2,563,288 | 0.6 | |||||||||||
321,090 | Williams Cos., Inc. | 7,080,035 | 1.7 | |||||||||||
25,046,376 | 6.0 | |||||||||||||
Financials: 22.0% | ||||||||||||||
4,693 | Alleghany Corp. | 2,925,241 | 0.7 | |||||||||||
160,940 | Ally Financial, Inc. | 3,646,900 | 0.9 | |||||||||||
36,180 | Ameriprise Financial, Inc. | 3,776,107 | 0.9 | |||||||||||
127,900 | Citizens Financial Group, Inc. | 3,802,467 | 0.9 | |||||||||||
28,180 | Comerica, Inc. | 1,935,684 | 0.5 | |||||||||||
242,750 | Fifth Third Bancorp | 5,711,907 | 1.4 | |||||||||||
45,370 | First Republic Bank | 3,942,653 | 0.9 | |||||||||||
130,150 | Hartford Financial Services Group, Inc. | 5,785,168 | 1.4 | |||||||||||
264,870 | Huntington Bancshares, Inc. | 3,157,250 | 0.8 | |||||||||||
114,570 | Invesco Ltd. | 1,917,902 | 0.5 | |||||||||||
48,420 | Lincoln National Corp. | 2,484,430 | 0.6 | |||||||||||
176,480 | Loews Corp. | 8,033,370 | 1.9 | |||||||||||
52,343 | M&T Bank Corp. | 7,491,854 | 1.8 | |||||||||||
50,850 | Marsh & McLennan Cos., Inc. | 4,055,288 | 1.0 | |||||||||||
53,110 | Northern Trust Corp. | 4,439,465 | 1.1 | |||||||||||
47,710 | Principal Financial Group, Inc. | 2,107,351 | 0.5 | |||||||||||
67,810 | Progressive Corp. | 4,090,977 | 1.0 | |||||||||||
51,820 | Raymond James Financial, Inc. | 3,855,926 | 0.9 | |||||||||||
116,580 | SunTrust Banks, Inc. | 5,880,295 | 1.4 | |||||||||||
66,200 | T. Rowe Price Group, Inc. | 6,111,584 | 1.5 | |||||||||||
56,520 | Unum Group | 1,660,558 | 0.4 | |||||||||||
36,030 | WR Berkley Corp. | 2,662,977 | 0.6 | |||||||||||
38,810 | Zions Bancorp. | 1,581,119 | 0.4 | |||||||||||
91,056,473 | 22.0 | |||||||||||||
Health Care: 6.9% | ||||||||||||||
63,110 | AmerisourceBergen Corp. | 4,695,384 | 1.1 | |||||||||||
27,850 | Cigna Corp. | 5,289,272 | 1.3 | |||||||||||
36,130 | (1) | Henry Schein, Inc. | 2,836,928 | 0.7 | ||||||||||
8,620 | Humana, Inc. | 2,469,457 | 0.6 | |||||||||||
30,660 | (1) | Laboratory Corp. of America Holdings | 3,874,197 | 0.9 | ||||||||||
37,050 | Universal Health Services, Inc. | 4,318,548 | 1.1 | |||||||||||
49,130 | Zimmer Biomet Holdings, Inc. | 5,095,764 | 1.2 | |||||||||||
28,579,550 | 6.9 | |||||||||||||
Industrials: 7.6% | ||||||||||||||
34,750 | Acuity Brands, Inc. | 3,994,512 | 0.9 | |||||||||||
65,240 | Ametek, Inc. | 4,416,748 | 1.1 | |||||||||||
31,740 | Carlisle Cos., Inc. | 3,190,505 | 0.8 | |||||||||||
63,870 | Fortune Brands Home & Security, Inc. | 2,426,421 | 0.6 | |||||||||||
21,430 | Hubbell, Inc. | 2,128,856 | 0.5 | |||||||||||
30,460 | IDEX Corp. | 3,845,880 | 0.9 | |||||||||||
27,870 | (1),(2) | Middleby Corp. | 2,863,085 | 0.7 | ||||||||||
47,120 | MSC Industrial Direct Co. | 3,624,470 | 0.9 | |||||||||||
34,671 | Snap-On, Inc. | 5,037,350 | 1.2 | |||||||||||
31,527,827 | 7.6 | |||||||||||||
Information Technology: 7.9% | ||||||||||||||
52,100 | Amphenol Corp. | 4,221,142 | 1.0 | |||||||||||
52,460 | Analog Devices, Inc. | 4,502,642 | 1.1 | |||||||||||
76,550 | (1) | Arrow Electronics, Inc. | 5,278,122 | 1.3 | ||||||||||
58,830 | CDW Corp. | 4,768,172 | 1.2 | |||||||||||
100,142 | (1) | CommScope Holding Co., Inc. | 1,641,327 | 0.4 | ||||||||||
32,906 | Jack Henry & Associates, Inc. | 4,163,267 | 1.0 | |||||||||||
62,349 | (1) | Keysight Technologies, Inc. | 3,870,626 | 0.9 |
See Accompanying Notes to Financial Statements
12 |
VY®JPMorgan Mid Cap Value Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
49,000 | (1) | Synopsys, Inc. | 4,127,760 | 1.0 | ||||||||||
32,573,058 | 7.9 | |||||||||||||
Materials: 5.1% | ||||||||||||||
155,460 | Ball Corp. | 7,148,051 | 1.7 | |||||||||||
16,930 | Martin Marietta Materials, Inc. | 2,909,759 | 0.7 | |||||||||||
9,820 | Sherwin-Williams Co. | 3,863,777 | 1.0 | |||||||||||
160,540 | Silgan Holdings, Inc. | 3,791,955 | 0.9 | |||||||||||
89,720 | WestRock Co. | 3,387,827 | 0.8 | |||||||||||
21,101,369 | 5.1 | |||||||||||||
Real Estate: 12.3% | ||||||||||||||
57,640 | American Campus Communities, Inc. | 2,385,720 | 0.6 | |||||||||||
112,850 | American Homes 4 Rent | 2,240,072 | 0.5 | |||||||||||
30,590 | AvalonBay Communities, Inc. | 5,324,189 | 1.3 | |||||||||||
41,730 | Boston Properties, Inc. | 4,696,712 | 1.1 | |||||||||||
201,440 | Brixmor Property Group, Inc. | 2,959,154 | 0.7 | |||||||||||
107,900 | (1) | CBRE Group, Inc. | 4,320,316 | 1.0 | ||||||||||
76,520 | (1) | Cushman & Wakefield PLC | 1,107,244 | 0.3 | ||||||||||
13,040 | Essex Property Trust, Inc. | 3,197,538 | 0.8 | |||||||||||
35,580 | Federal Realty Investment Trust | 4,199,863 | 1.0 | |||||||||||
47,373 | JBG Smith Properties | 1,649,054 | 0.4 | |||||||||||
170,620 | Kimco Realty Corp. | 2,499,583 | 0.6 | |||||||||||
160,902 | Outfront Media, Inc. | 2,915,544 | 0.7 | |||||||||||
113,830 | Rayonier, Inc. | 3,151,953 | 0.8 | |||||||||||
43,710 | Regency Centers Corp. | 2,564,903 | 0.6 | |||||||||||
68,226 | Vornado Realty Trust | 4,232,059 | 1.0 | |||||||||||
86,100 | Weyerhaeuser Co. | 1,882,146 | 0.5 | |||||||||||
28,630 | WP Carey, Inc. | 1,870,684 | 0.4 | |||||||||||
51,196,734 | 12.3 | |||||||||||||
Utilities: 10.0% | ||||||||||||||
178,710 | CMS Energy Corp. | 8,872,951 | 2.1 | |||||||||||
30,380 | Edison International | 1,724,673 | 0.4 | |||||||||||
74,470 | Evergy, Inc. | 4,227,662 | 1.0 | |||||||||||
87,380 | National Fuel Gas Co. | 4,472,108 | 1.1 | |||||||||||
48,150 | Sempra Energy | 5,209,349 | 1.3 | |||||||||||
122,970 | WEC Energy Group, Inc. | 8,516,902 | 2.1 | |||||||||||
171,150 | Xcel Energy, Inc. | 8,432,561 | 2.0 | |||||||||||
41,456,206 | 10.0 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $359,382,609) | 408,604,626 | 98.6 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 1.1% | ||||||||||||||
Securities Lending Collateral(3): 0.2% | ||||||||||||||
759,037 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $759,161, collateralized by various U.S. Government and U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $774,346, due 11/15/23-05/15/58) | |||||||||||||
(Cost $759,037) | 759,037 | 0.2 |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 0.9% | ||||||||||||||
3,862,532 | (4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $3,862,532) | 3,862,532 | 0.9 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $4,621,569) | 4,621,569 | 1.1 | ||||||||||||
Total Investments in Securities (Cost $364,004,178) | $ | 413,226,195 | 99.7 | |||||||||||
Assets in Excess of Other Liabilities | 1,177,993 | 0.3 | ||||||||||||
Net Assets | $ | 414,404,188 | 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) | Represents securities purchased with cash collateral received for securities on loan. |
(4) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
13 |
VY®Oppenheimer Global Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 97.1% | ||||||||||||||
Brazil: 0.3% | ||||||||||||||
193,680 | (1),(2) | StoneCo Ltd. | 3,571,459 | 0.3 | ||||||||||
China: 2.1% | ||||||||||||||
81,530 | (2) | Baidu, Inc. ADR | 12,930,658 | 1.0 | ||||||||||
700,566 | (2) | JD.com, Inc. ADR | 14,662,846 | 1.1 | ||||||||||
27,593,504 | 2.1 | |||||||||||||
Denmark: 0.5% | ||||||||||||||
157,815 | (2) | FLSmidth & Co. A/S | 7,118,218 | 0.5 | ||||||||||
France: 6.4% | ||||||||||||||
151,878 | LVMH Moet Hennessy Louis Vuitton SE | 44,466,265 | 3.3 | |||||||||||
62,870 | Kering SA | 29,452,642 | 2.2 | |||||||||||
374,800 | Societe Generale | 11,882,877 | 0.9 | |||||||||||
85,801,784 | 6.4 | |||||||||||||
Germany: 6.4% | ||||||||||||||
124,865 | Allianz SE | 25,092,307 | 1.9 | |||||||||||
155,875 | Bayer AG | 10,840,927 | 0.8 | |||||||||||
5,575 | Puma SE | 2,727,489 | 0.2 | |||||||||||
318,022 | SAP SE | 31,563,613 | 2.4 | |||||||||||
133,889 | Siemens AG | 14,942,242 | 1.1 | |||||||||||
85,166,578 | 6.4 | |||||||||||||
India: 3.6% | ||||||||||||||
10,971,266 | DLF Ltd. | 27,874,868 | 2.1 | |||||||||||
2,016,322 | ICICI Bank Ltd. ADR | 20,747,953 | 1.5 | |||||||||||
48,622,821 | 3.6 | |||||||||||||
Italy: 0.3% | ||||||||||||||
105,990 | (2) | Brunello Cucinelli SpA | 3,657,170 | 0.3 | ||||||||||
Japan: 13.2% | ||||||||||||||
391,600 | Capcom Co., Ltd. | 7,764,456 | 0.6 | |||||||||||
526,700 | Dai-ichi Life Holdings, Inc. | 8,179,460 | 0.6 | |||||||||||
82,000 | Fanuc Ltd. | 12,444,296 | 0.9 | |||||||||||
45,002 | Keyence Corp. | 22,746,075 | 1.7 | |||||||||||
612,000 | Minebea Mitsumi, Inc. | 8,825,048 | 0.7 | |||||||||||
197,900 | Murata Manufacturing Co., Ltd. | 26,666,990 | 2.0 | |||||||||||
261,800 | Nidec Corp. | 29,621,877 | 2.2 | |||||||||||
39,300 | Nintendo Co., Ltd. | 10,435,689 | 0.8 | |||||||||||
308,000 | Omron Corp. | 11,165,583 | 0.8 | |||||||||||
1,396,100 | (2) | Renesas Electronics Corp. | 6,340,987 | 0.5 | ||||||||||
294,600 | Suzuki Motor Corp. | 14,851,211 | 1.1 | |||||||||||
245,400 | TDK Corp. | 17,179,322 | 1.3 | |||||||||||
176,220,994 | 13.2 | |||||||||||||
Netherlands: 3.3% | ||||||||||||||
459,673 | Airbus SE | 43,825,189 | 3.3 | |||||||||||
Spain: 1.9% | ||||||||||||||
1,044,650 | Banco Bilbao Vizcaya Argentaria SA | 5,548,996 | 0.4 | |||||||||||
761,403 | Industria de Diseno Textil SA | 19,434,594 | 1.5 | |||||||||||
24,983,590 | 1.9 | |||||||||||||
Sweden: 1.8% | ||||||||||||||
877,626 | Assa Abloy AB | 15,715,473 | 1.2 | |||||||||||
371,150 | Atlas Copco AB - A Shares | 8,854,911 | 0.6 | |||||||||||
24,570,384 | 1.8 | |||||||||||||
Switzerland: 2.3% | ||||||||||||||
1,175,182 | Credit Suisse Group AG | 12,846,725 | 1.0 | |||||||||||
1,392,569 | UBS Group AG | 17,369,852 | 1.3 | |||||||||||
30,216,577 | 2.3 | |||||||||||||
United Kingdom: 7.3% | ||||||||||||||
2,760,672 | (1),(2) | Circassia Pharmaceuticals Plc | 1,689,001 | 0.1 | ||||||||||
9,176,974 | (2) | Earthport PLC | 3,286,848 | 0.3 | ||||||||||
355,290 | (1),(2) | Farfetch Ltd. | 6,292,186 | 0.5 | ||||||||||
1,564,800 | International Consolidated Airlines Group SA | 12,342,406 | 0.9 | |||||||||||
466,537 | International Game Technology PLC | 6,825,437 | 0.5 | |||||||||||
1,171,606 | Prudential PLC | 20,920,735 | 1.5 | |||||||||||
130,800 | Shire PLC | 7,610,937 | 0.6 | |||||||||||
452,494 | TechnipFMC PLC | 9,102,821 | �� | 0.7 | ||||||||||
556,587 | Unilever PLC | 29,222,378 | 2.2 | |||||||||||
97,292,749 | 7.3 | |||||||||||||
United States: 47.7% | ||||||||||||||
108,140 | 3M Co. | 20,604,996 | 1.5 | |||||||||||
268,860 | (2) | Acadia Pharmaceuticals, Inc. | 4,347,466 | 0.3 | ||||||||||
168,023 | (2) | Adobe, Inc. | 38,013,524 | 2.8 | ||||||||||
254,540 | Agilent Technologies, Inc. | 17,171,268 | 1.3 | |||||||||||
84,320 | (2) | Alphabet, Inc. - Class A | 88,111,027 | 6.6 | ||||||||||
6,516 | (2) | Amazon.com, Inc. | 9,786,837 | 0.7 | ||||||||||
79,370 | (2) | AnaptysBio, Inc. | 5,063,012 | 0.4 | ||||||||||
142,580 | Anthem, Inc. | 37,445,785 | 2.8 | |||||||||||
43,800 | (2) | Biogen, Inc. | 13,180,296 | 1.0 | ||||||||||
59,800 | (1),(2) | Bluebird Bio, Inc. | 5,932,160 | 0.4 | ||||||||||
126,960 | (2) | Blueprint Medicines Corp. | 6,844,414 | 0.5 | ||||||||||
101,040 | (2) | Centene Corp. | 11,649,912 | 0.9 | ||||||||||
512,180 | Citigroup, Inc. | 26,664,091 | 2.0 | |||||||||||
421,450 | Colgate-Palmolive Co. | 25,084,704 | 1.9 | |||||||||||
127,360 | Equifax, Inc. | 11,861,037 | 0.9 | |||||||||||
262,400 | (2) | Facebook, Inc.- Class A | 34,398,016 | 2.6 | ||||||||||
167,500 | Gilead Sciences, Inc. | 10,477,125 | 0.8 | |||||||||||
352,550 | (2) | GlycoMimetics, Inc. | 3,338,648 | 0.3 | ||||||||||
99,870 | Goldman Sachs Group, Inc. | 16,683,283 | 1.3 | |||||||||||
128,010 | (2) | Incyte Corp., Ltd. | 8,140,156 | 0.6 | ||||||||||
189,870 | Intuit, Inc. | 37,375,910 | 2.8 | |||||||||||
149,560 | (2) | Ionis Pharmaceuticals, Inc. | 8,085,214 | 0.6 | ||||||||||
68,190 | (2) | Loxo Oncology, Inc. | 9,551,373 | 0.7 | ||||||||||
329,270 | (2) | MacroGenics, Inc. | 4,181,729 | 0.3 | ||||||||||
578,610 | Maxim Integrated Products | 29,422,319 | 2.2 | |||||||||||
60,409 | (1),(2) | Mirati Therapeutics, Inc. | 2,562,550 | 0.2 | ||||||||||
651,500 | Newell Brands, Inc. | 12,111,385 | 0.9 | |||||||||||
324,012 | (2) | PayPal Holdings, Inc. | 27,246,169 | 2.0 | ||||||||||
208,330 | S&P Global, Inc. | 35,403,600 | 2.7 | |||||||||||
106,970 | (2) | Sage Therapeutics, Inc. | 10,246,656 | 0.8 | ||||||||||
187,890 | Tiffany & Co. | 15,127,024 | 1.1 | |||||||||||
104,240 | (1),(2) | Uniqure B.V. | 3,004,197 | 0.2 |
See Accompanying Notes to Financial Statements
14 |
VY®Oppenheimer Global Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
174,310 | United Parcel Service, Inc. - Class B | 17,000,454 | 1.3 | |||||||||||
198,440 | Walt Disney Co. | 21,758,946 | 1.6 | |||||||||||
92,500 | Zimmer Biomet Holdings, Inc. | 9,594,100 | 0.7 | |||||||||||
637,469,383 | 47.7 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $878,609,921) | 1,296,110,400 | 97.1 | ||||||||||||
PREFERRED STOCK: 1.6% | ||||||||||||||
Germany: 1.6% | ||||||||||||||
293,394 | Bayerische Motoren Werke AG | 20,922,461 | 1.6 | |||||||||||
India: 0.0% | ||||||||||||||
2,078,904 | (2) | Zee Entertainment Enterprises Ltd. | 227,541 | 0.0 | ||||||||||
Total Preferred Stock | ||||||||||||||
(Cost $11,606,122) | 21,150,002 | 1.6 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $890,216,043) | 1,317,260,402 | 98.7 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 1.9% | ||||||||||||||
Securities Lending Collateral(3): 0.7% | ||||||||||||||
431,040 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.95%, due 01/02/19 (Repurchase Amount $431,110, collateralized by various U.S. Government Securities, 0.000%-8.750%, Market Value plus accrued interest $439,733, due 01/08/19-09/09/49) | 431,040 | 0.0 | |||||||||||
2,055,578 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $2,055,955, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $2,096,690, due 01/25/19-10/20/68) | 2,055,578 | 0.2 | |||||||||||
2,055,578 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $2,055,922, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $2,096,690, due 01/25/19-02/01/49) | 2,055,578 | 0.1 | |||||||||||
2,055,578 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $2,055,918, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $2,096,690, due 10/01/25-10/20/48) | 2,055,578 | 0.2 | |||||||||||
2,055,578 | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/18, 3.37%, due 01/02/19 (Repurchase Amount $2,055,958, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,096,722, due 07/15/20-02/15/47) | 2,055,578 | 0.2 | |||||||||||
8,653,352 | 0.7 |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 1.2% | ||||||||||||||
16,144,593 | (4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $16,144,593) | 16,144,593 | 1.2 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $24,797,945) | 24,797,945 | 1.9 | ||||||||||||
Total Investments in Securities (Cost $915,013,988) | $ | 1,342,058,347 | 100.6 | |||||||||||
Liabilities in Excess of Other Assets | (7,368,497 | ) | (0.6 | ) | ||||||||||
Net Assets | $ | 1,334,689,850 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
ADR | American Depositary Receipt |
(1) | Security, or a portion of the security, is on loan. |
(2) | Non-income producing security. |
(3) | Represents securities purchased with cash collateral received for securities on loan. |
(4) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
15 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
CORPORATE BONDS/NOTES: 79.8% | ||||||||||||||
Basic Materials: 7.4% | ||||||||||||||
400,000 | (1) | Century Aluminum Co., 7.500%, 06/01/2021 | 396,000 | 0.4 | ||||||||||
539,000 | CF Industries, Inc., 3.450%, 06/01/2023 | 503,291 | 0.6 | |||||||||||
638,000 | Chemours Co/The, 7.000%, 05/15/2025 | 645,975 | 0.7 | |||||||||||
425,000 | Coeur Mining, Inc., 5.875%, 06/01/2024 | 375,594 | 0.4 | |||||||||||
130,000 | Commercial Metals Co., 5.375%, 07/15/2027 | 116,675 | 0.1 | |||||||||||
475,000 | (1) | Commercial Metals Co., 5.750%, 04/15/2026 | 441,750 | 0.5 | ||||||||||
225,000 | (1) | First Quantum Minerals Ltd., 6.875%, 03/01/2026 | 181,406 | 0.2 | ||||||||||
250,000 | (1) | GCP Applied Technologies, Inc., 5.500%, 04/15/2026 | 244,375 | 0.3 | ||||||||||
60,000 | Hexion, Inc., 6.625%, 04/15/2020 | 48,000 | 0.1 | |||||||||||
247,000 | (1) | Hudbay Minerals, Inc., 7.250%, 01/15/2023 | 245,148 | 0.3 | ||||||||||
175,000 | (1) | Hudbay Minerals, Inc., 7.625%, 01/15/2025 | 171,938 | 0.2 | ||||||||||
314,000 | (1) | Ingevity Corp., 4.500%, 02/01/2026 | 284,955 | 0.3 | ||||||||||
450,000 | (1) | Joseph T Ryerson & Son, Inc., 11.000%, 05/15/2022 | 454,500 | 0.5 | ||||||||||
435,000 | (1) | Kraton Polymers LLC / Kraton Polymers Capital Corp., 7.000%, 04/15/2025 | 402,375 | 0.4 | ||||||||||
125,000 | (1) | NOVA Chemicals Corp., 4.875%, 06/01/2024 | 113,281 | 0.1 | ||||||||||
519,000 | (1) | NOVA Chemicals Corp., 5.000%, 05/01/2025 | 469,046 | 0.5 | ||||||||||
130,000 | (1) | Nufarm Australia Ltd. / Nufarm Americas, Inc., 5.750%, 04/30/2026 | 119,145 | 0.1 | ||||||||||
570,000 | (1) | OCI NV, 6.625%, 04/15/2023 | 562,875 | 0.6 | ||||||||||
430,000 | Olin Corp., 5.000%, 02/01/2030 | 378,400 | 0.4 | |||||||||||
470,000 | (1) | Schweitzer-Mauduit International, Inc., 6.875%, 10/01/2026 | 442,975 | 0.5 | ||||||||||
204,000 | United States Steel Corp., 6.250%, 03/15/2026 | 179,265 | 0.2 | |||||||||||
6,776,969 | 7.4 | |||||||||||||
Communications: 12.2% | ||||||||||||||
200,000 | (1) | Altice Financing SA, 6.625%, 02/15/2023 | 192,500 | 0.2 | ||||||||||
200,000 | (1) | Altice France SA/France, 8.125%, 02/01/2027 | 189,000 | 0.2 | ||||||||||
210,000 | (1) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.000%, 02/01/2028 | 193,725 | 0.2 | ||||||||||
505,000 | (1) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.500%, 05/01/2026 | 486,694 | 0.5 | ||||||||||
310,000 | (1) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.750%, 02/15/2026 | 304,575 | 0.3 | ||||||||||
280,000 | CenturyLink, Inc., 6.450%, 06/15/2021 | 280,350 | 0.3 | |||||||||||
155,000 | (1) | CommScope Technologies LLC, 5.000%, 03/15/2027 | 125,937 | 0.1 | ||||||||||
120,000 | (1) | CommScope, Inc., 5.000%, 06/15/2021 | 119,250 | 0.1 | ||||||||||
200,000 | (1) | CSC Holdings LLC, 5.375%, 07/15/2023 | 195,684 | 0.2 | ||||||||||
200,000 | (1) | CSC Holdings LLC, 5.375%, 02/01/2028 | 184,436 | 0.2 | ||||||||||
400,000 | (1) | CSC Holdings LLC, 5.500%, 04/15/2027 | 373,000 | 0.4 | ||||||||||
100,000 | (1) | Frontier Communications Corp., 8.500%, 04/01/2026 | 87,750 | 0.1 | ||||||||||
555,000 | Frontier Communications Corp., 8.750%, 04/15/2022 | 353,812 | 0.4 | |||||||||||
330,000 | Frontier Communications Corp., 11.000%, 09/15/2025 | 207,058 | 0.2 | |||||||||||
66,000 | (1) | Gray Escrow, Inc., 7.000%, 05/15/2027 | 64,510 | 0.1 | ||||||||||
250,000 | (1) | Gray Television, Inc., 5.125%, 10/15/2024 | 231,125 | 0.3 | ||||||||||
249,000 | (1) | Gray Television, Inc., 5.875%, 07/15/2026 | 232,765 | 0.3 | ||||||||||
415,000 | Hughes Satellite Systems Corp., 5.250%, 08/01/2026 | 381,800 | 0.4 | |||||||||||
690,000 | Level 3 Financing, Inc., 5.250%, 03/15/2026 | 633,075 | 0.7 | |||||||||||
520,000 | (1) | MDC Partners, Inc., 6.500%, 05/01/2024 | 475,800 | 0.5 | ||||||||||
526,000 | Netflix, Inc., 4.375%, 11/15/2026 | 478,660 | 0.5 | |||||||||||
350,000 | Quebecor Media, Inc., 5.750%, 01/15/2023 | 353,500 | 0.4 | |||||||||||
305,000 | (1) | Sinclair Television Group, Inc., 5.875%, 03/15/2026 | 285,556 | 0.3 | ||||||||||
322,000 | (1) | Sirius XM Radio, Inc., 5.000%, 08/01/2027 | 295,435 | 0.3 | ||||||||||
237,000 | (1) | Sirius XM Radio, Inc., 5.375%, 07/15/2026 | 222,484 | 0.2 | ||||||||||
205,000 | Sprint Corp., 7.625%, 02/15/2025 | 205,513 | 0.2 | |||||||||||
200,000 | Sprint Corp., 7.125%, 06/15/2024 | 198,712 | 0.2 | |||||||||||
1,660,000 | Sprint Corp., 7.250%, 09/15/2021 | 1,703,160 | 1.9 |
95,000 | T-Mobile USA, Inc., 5.125%, 04/15/2025 | 92,625 | 0.1 |
See Accompanying Notes to Financial Statements
16 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
130,000 | T-Mobile USA, Inc., 6.000%, 03/01/2023 | 130,966 | 0.2 | |||||||||||
250,000 | T-Mobile USA, Inc., 6.000%, 04/15/2024 | 250,625 | 0.3 | |||||||||||
70,000 | T-Mobile USA, Inc., 6.500%, 01/15/2024 | 72,113 | 0.1 | |||||||||||
450,000 | T-Mobile USA, Inc., 6.500%, 01/15/2026 | 460,125 | 0.5 | |||||||||||
480,000 | (1) | Videotron Ltd., 5.375%, 06/15/2024 | 477,000 | 0.5 | ||||||||||
335,000 | (1) | Windstream Services LLC / Windstream Finance Corp., 8.625%, 10/31/2025 | 299,825 | 0.3 | ||||||||||
317,000 | (1) | Windstream Services LLC / Windstream Finance Corp., 8.750%, 12/15/2024 | 123,630 | 0.1 | ||||||||||
200,000 | (1) | Windstream Services LLC / Windstream Finance Corp., 10.500%, 06/30/2024 | 153,000 | 0.2 | ||||||||||
375,000 | Windstream Services LLC, 6.375%, 08/01/2023 | 152,813 | 0.2 | |||||||||||
11,268,588 | 12.2 | |||||||||||||
Consumer, Cyclical: 10.3% | ||||||||||||||
513,000 | American Axle & Manufacturing, Inc., 6.250%, 03/15/2026 | 462,982 | 0.5 | |||||||||||
225,000 | Beazer Homes USA, Inc., 5.875%, 10/15/2027 | 178,875 | 0.2 | |||||||||||
570,000 | Beazer Homes USA, Inc., 6.750%, 03/15/2025 | 492,337 | 0.5 | |||||||||||
70,000 | Beazer Homes USA, Inc., 8.750%, 03/15/2022 | 70,175 | 0.1 | |||||||||||
200,000 | (1) | Cirsa Finance International Sarl, 7.875%, 12/20/2023 | 198,886 | 0.2 | ||||||||||
197,000 | Eldorado Resorts, Inc., 6.000%, 04/01/2025 | 191,019 | 0.2 | |||||||||||
128,000 | (1) | Eldorado Resorts, Inc., 6.000%, 09/15/2026 | 121,280 | 0.1 | ||||||||||
355,000 | (1) | Enterprise Development Authority/The, 12.000%, 07/15/2024 | 324,825 | 0.3 | ||||||||||
360,000 | Global Partners L.P. / GLP Finance Corp., 7.000%, 06/15/2023 | 343,350 | 0.4 | |||||||||||
148,000 | (1) | Golden Nugget, Inc., 6.750%, 10/15/2024 | 139,860 | 0.1 | ||||||||||
279,000 | (1) | Golden Nugget, Inc., 8.750%, 10/01/2025 | 269,235 | 0.3 | ||||||||||
203,000 | H&E Equipment Services, Inc., 5.625%, 09/01/2025 | 187,014 | 0.2 | |||||||||||
165,000 | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.125%, 12/01/2024 | 164,587 | 0.2 | |||||||||||
205,000 | (1) | International Game Technology PLC, 6.250%, 01/15/2027 | 197,184 | 0.2 | ||||||||||
100,000 | (1) | JC Penney Corp., Inc., 5.875%, 07/01/2023 | 80,500 | 0.1 | ||||||||||
400,000 | KB Home, 7.000%, 12/15/2021 | 408,500 | 0.4 | |||||||||||
245,000 | KB Home, 7.500%, 09/15/2022 | 252,963 | 0.3 | |||||||||||
250,000 | Lennar Corp., 4.500%, 06/15/2019 | 250,000 | 0.3 | |||||||||||
1,099,000 | Lennar Corp., 4.750%, 11/15/2022 | 1,070,151 | 1.2 | |||||||||||
130,000 | Lennar Corp., 5.375%, 10/01/2022 | 130,163 | 0.1 | |||||||||||
100,000 | LKQ Corp., 4.750%, 05/15/2023 | 95,500 | 0.1 | |||||||||||
230,000 | Meritage Homes Corp., 5.125%, 06/06/2027 | 196,075 | 0.2 | |||||||||||
240,000 | Meritage Homes Corp., 6.000%, 06/01/2025 | 227,400 | 0.2 | |||||||||||
145,000 | Meritage Homes Corp., 7.000%, 04/01/2022 | 149,169 | 0.2 | |||||||||||
245,000 | (1) | PetSmart, Inc., 5.875%, 06/01/2025 | 178,238 | 0.2 | ||||||||||
200,000 | (1) | Scientific Games International, Inc., 5.000%, 10/15/2025 | 179,000 | 0.2 | ||||||||||
595,000 | Scientific Games International, Inc., 10.000%, 12/01/2022 | 604,663 | 0.7 | |||||||||||
250,000 | (1) | Silversea Cruise Finance Ltd., 7.250%, 02/01/2025 | 265,550 | 0.3 | ||||||||||
365,000 | (1) | Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.625%, 03/01/2024 | 348,575 | 0.4 | ||||||||||
150,000 | (1) | Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.875%, 04/15/2023 | 145,500 | 0.2 | ||||||||||
400,000 | Tempur Sealy International, Inc., 5.500%, 06/15/2026 | 367,000 | 0.4 | |||||||||||
455,000 | Titan International, Inc., 6.500%, 11/30/2023 | 409,500 | 0.4 | |||||||||||
433,000 | TRI Pointe Group, Inc., 5.250%, 06/01/2027 | 342,611 | 0.4 | |||||||||||
357,000 | (1) | Viking Cruises Ltd., 5.875%, 09/15/2027 | 333,795 | 0.4 | ||||||||||
150,000 | (1) | VOC Escrow Ltd., 5.000%, 02/15/2028 | 139,125 | 0.1 | ||||||||||
9,515,587 | 10.3 | |||||||||||||
Consumer, Non-cyclical: 12.0% | ||||||||||||||
200,000 | (1) | Ashtead Capital, Inc., 4.125%, 08/15/2025 | 184,000 | 0.2 | ||||||||||
200,000 | (1) | Bausch Health Cos, Inc., 5.500%, 11/01/2025 | 187,250 | 0.2 | ||||||||||
1,859,000 | (1) | Bausch Health Cos, Inc., 5.875%, 05/15/2023 | 1,726,546 | 1.9 | ||||||||||
95,000 | (1) | Bausch Health Cos, Inc., 6.500%, 03/15/2022 | 95,863 | 0.1 | ||||||||||
125,000 | (1) | Bausch Health Cos, Inc., 7.000%, 03/15/2024 | 126,563 | 0.1 |
See Accompanying Notes to Financial Statements
17 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
100,000 | (1) | Bausch Health Cos, Inc., 8.500%, 01/31/2027 | 97,250 | 0.1 | ||||||||||
225,000 | BioScrip, Inc., 8.875%, 02/15/2021 | 210,937 | 0.2 | |||||||||||
658,000 | (1) | Brink's Co/The, 4.625%, 10/15/2027 | 602,221 | 0.7 | ||||||||||
215,000 | (1) | C&S Group Enterprises LLC, 5.375%, 07/15/2022 | 206,937 | 0.2 | ||||||||||
250,000 | (1) | Cardtronics, Inc. / Cardtronics USA, Inc., 5.500%, 05/01/2025 | 232,500 | 0.3 | ||||||||||
293,000 | (1) | Carriage Services, Inc., 6.625%, 06/01/2026 | 288,605 | 0.3 | ||||||||||
590,000 | (1) | Centene Corp., 5.375%, 06/01/2026 | 575,250 | 0.6 | ||||||||||
85,000 | CHS/Community Health Systems, Inc., 6.250%, 03/31/2023 | 77,567 | 0.1 | |||||||||||
270,000 | (1) | Endo Finance LLC, 5.750%, 01/15/2022 | 226,125 | 0.2 | ||||||||||
200,000 | (1) | Endo Ltd. / Endo Finance LLC / Endo Finco, Inc., 6.000%, 02/01/2025 | 144,500 | 0.2 | ||||||||||
171,000 | (1) | Garda World Security Corp., 8.750%, 05/15/2025 | 156,465 | 0.2 | ||||||||||
738,000 | HCA, Inc., 5.375%, 02/01/2025 | 721,395 | 0.8 | |||||||||||
416,000 | Horizon Pharma USA, Inc., 6.625%, 05/01/2023 | 403,520 | 0.4 | |||||||||||
35,000 | (1) | Horizon Pharma USA, Inc., 8.750%, 11/01/2024 | 35,700 | 0.0 | ||||||||||
400,000 | Ingles Markets, Inc., 5.750%, 06/15/2023 | 397,000 | 0.4 | |||||||||||
469,000 | (1) | JBS USA LUX SA / JBS USA Finance, Inc., 6.750%, 02/15/2028 | 459,034 | 0.5 | ||||||||||
345,000 | Molina Healthcare, Inc., 5.375%, 11/15/2022 | 334,219 | 0.4 | |||||||||||
208,000 | (1) | Pilgrim's Pride Corp., 5.875%, 09/30/2027 | 189,280 | 0.2 | ||||||||||
259,000 | (1) | Post Holdings, Inc., 5.625%, 01/15/2028 | 239,251 | 0.3 | ||||||||||
755,000 | (1) | Prime Security Services Borrower LLC / Prime Finance, Inc., 9.250%, 05/15/2023 | 780,481 | 0.8 | ||||||||||
80,000 | (1) | Pyxus International, Inc., 8.500%, 04/15/2021 | 79,400 | 0.1 | ||||||||||
365,000 | (1) | RegionalCare Hospital Partners Holdings, Inc., 8.250%, 05/01/2023 | 370,019 | 0.4 | ||||||||||
235,000 | (1) | Team Health Holdings, Inc., 6.375%, 02/01/2025 | 192,994 | 0.2 | ||||||||||
60,000 | United Rentals North America, Inc., 4.625%, 10/15/2025 | 53,700 | 0.1 | |||||||||||
60,000 | United Rentals North America, Inc., 4.875%, 01/15/2028 | 52,800 | 0.1 | |||||||||||
470,000 | United Rentals North America, Inc., 5.750%, 11/15/2024 | 454,138 | 0.5 | |||||||||||
120,000 | United Rentals North America, Inc., 6.500%, 12/15/2026 | 118,500 | 0.1 | |||||||||||
231,000 | Agiliti Health, Inc., 7.625%, 08/15/2020 | 229,556 | 0.2 | |||||||||||
388,000 | (1) | Verscend Escrow Corp., 9.750%, 08/15/2026 | 366,175 | 0.4 | ||||||||||
496,000 | WellCare Health Plans, Inc., 5.250%, 04/01/2025 | 479,260 | 0.5 | |||||||||||
11,095,001 | 12.0 | |||||||||||||
Energy: 16.5% | ||||||||||||||
150,000 | Alta Mesa Holdings L.P. / Alta Mesa Finance Services Corp., 7.875%, 12/15/2024 | 93,750 | 0.1 | |||||||||||
151,000 | (1) | American Midstream Partners L.P. / American Midstream Finance Corp., 9.500%, 12/15/2021 | 142,695 | 0.2 | ||||||||||
200,000 | Andeavor Logistics L.P. / Tesoro Logistics Finance Corp., 5.250%, 01/15/2025 | 203,834 | 0.2 | |||||||||||
212,000 | Antero Resources Corp., 5.000%, 03/01/2025 | 192,920 | 0.2 | |||||||||||
525,000 | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 04/01/2021 | 506,625 | 0.5 | |||||||||||
50,000 | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.000%, 10/01/2022 | 47,250 | 0.1 | |||||||||||
355,000 | (1) | Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.125%, 11/15/2022 | 344,350 | 0.4 | ||||||||||
155,000 | (1) | Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.625%, 07/15/2026 | 144,925 | 0.2 | ||||||||||
102,000 | (1) | Calfrac Holdings L.P., 8.500%, 06/15/2026 | 72,930 | 0.1 | ||||||||||
350,000 | Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 6.500%, 04/15/2021 | 293,125 | 0.3 | |||||||||||
175,000 | Calumet Specialty Products Partners L.P. / Calumet Finance Corp., 7.750%, 04/15/2023 | 133,437 | 0.1 | |||||||||||
230,000 | (1) | Chaparral Energy, Inc., 8.750%, 07/15/2023 | 165,600 | 0.2 | ||||||||||
518,000 | Cheniere Corpus Christi Holdings LLC, 5.125%, 06/30/2027 | 490,960 | 0.5 | |||||||||||
100,000 | Cheniere Corpus Christi Holdings LLC, 5.875%, 03/31/2025 | 99,750 | 0.1 |
See Accompanying Notes to Financial Statements
18 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
465,000 | (1) | Cheniere Energy Partners L.P., 5.625%, 10/01/2026 | 435,937 | 0.5 | ||||||||||
95,000 | (1) | Comstock Escrow Corp., 9.750%, 08/15/2026 | 80,750 | 0.1 | ||||||||||
249,000 | (1) | Covey Park Energy LLC / Covey Park Finance Corp., 7.500%, 05/15/2025 | 215,385 | 0.2 | ||||||||||
90,000 | DCP Midstream Operating L.P., 2.700%, 04/01/2019 | 89,494 | 0.1 | |||||||||||
102,000 | DCP Midstream Operating L.P., 3.875%, 03/15/2023 | 95,880 | 0.1 | |||||||||||
120,000 | DCP Midstream Operating L.P., 5.375%, 07/15/2025 | 117,600 | 0.1 | |||||||||||
325,000 | DCP Midstream Operating L.P., 5.600%, 04/01/2044 | 282,750 | 0.3 | |||||||||||
285,000 | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 6.750%, 05/15/2025 | 277,875 | 0.3 | |||||||||||
200,000 | Energy Transfer L.P., 4.250%, 03/15/2023 | 193,000 | 0.2 | |||||||||||
295,000 | Energy Transfer L.P., 5.875%, 01/15/2024 | 301,897 | 0.3 | |||||||||||
60,000 | EnLink Midstream Partners L.P., 5.050%, 04/01/2045 | 47,133 | 0.1 | |||||||||||
174,000 | EnLink Midstream Partners L.P., 5.600%, 04/01/2044 | 143,532 | 0.2 | |||||||||||
150,000 | Exterran Energy Solutions L.P. / EES Finance Corp., 8.125%, 05/01/2025 | 144,375 | 0.2 | |||||||||||
392,000 | FTS International, Inc., 6.250%, 05/01/2022 | 350,840 | 0.4 | |||||||||||
210,000 | Genesis Energy L.P. / Genesis Energy Finance Corp., 6.250%, 05/15/2026 | 181,125 | 0.2 | |||||||||||
233,000 | Genesis Energy L.P. / Genesis Energy Finance Corp., 6.500%, 10/01/2025 | 206,205 | 0.2 | |||||||||||
100,000 | Genesis Energy L.P. / Genesis Energy Finance Corp., 6.750%, 08/01/2022 | 98,000 | 0.1 | |||||||||||
369,000 | (1) | Great Western Petroleum LLC / Great Western Finance Corp., 9.000%, 09/30/2021 | 337,635 | 0.4 | ||||||||||
300,000 | Gulfport Energy Corp., 6.000%, 10/15/2024 | 267,000 | 0.3 | |||||||||||
10,000 | Gulfport Energy Corp., 6.625%, 05/01/2023 | 9,500 | 0.0 | |||||||||||
196,000 | Halcon Resources Corp., 6.750%, 02/15/2025 | 144,060 | 0.2 | |||||||||||
350,000 | (1) | Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp., 5.625%, 02/15/2026 | 340,375 | 0.4 | ||||||||||
230,000 | (1) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 10/01/2025 | 205,850 | 0.2 | ||||||||||
361,000 | (1) | Indigo Natural Resources LLC, 6.875%, 02/15/2026 | 312,265 | 0.3 | ||||||||||
173,000 | (1) | Jagged Peak Energy LLC, 5.875%, 05/01/2026 | 161,755 | 0.2 | ||||||||||
300,000 | (1) | Marathon Petroleum Corp., 5.375%, 10/01/2022 | 302,703 | 0.3 | ||||||||||
100,000 | (1) | MEG Energy Corp., 6.500%, 01/15/2025 | 101,875 | 0.1 | ||||||||||
220,000 | (1) | MEG Energy Corp., 7.000%, 03/31/2024 | 211,200 | 0.2 | ||||||||||
250,000 | Murphy Oil USA, Inc., 6.000%, 08/15/2023 | 252,187 | 0.3 | |||||||||||
490,000 | (1) | Neptune Energy Bondco PLC, 6.625%, 05/15/2025 | 456,925 | 0.5 | ||||||||||
162,000 | (1) | NGPL PipeCo LLC, 4.375%, 08/15/2022 | 159,570 | 0.2 | ||||||||||
313,000 | Oasis Petroleum, Inc., 6.875%, 03/15/2022 | 295,785 | 0.3 | |||||||||||
230,000 | (1) | Parsley Energy LLC / Parsley Finance Corp., 5.375%, 01/15/2025 | 212,750 | 0.2 | ||||||||||
200,000 | (1) | Parsley Energy LLC / Parsley Finance Corp., 5.625%, 10/15/2027 | 182,750 | 0.2 | ||||||||||
210,000 | (1) | Parsley Energy LLC / Parsley Finance Corp., 6.250%, 06/01/2024 | 204,225 | 0.2 | ||||||||||
400,000 | PBF Holding Co. LLC / PBF Finance Corp., 7.000%, 11/15/2023 | 384,000 | 0.4 | |||||||||||
400,000 | PBF Logistics L.P. / PBF Logistics Finance Corp., 6.875%, 05/15/2023 | 395,000 | 0.4 | |||||||||||
200,000 | (1) | Precision Drilling Corp., 7.125%, 01/15/2026 | 173,000 | 0.2 | ||||||||||
220,000 | QEP Resources, Inc., 5.625%, 03/01/2026 | 183,425 | 0.2 | |||||||||||
337,000 | Resolute Energy Corp., 8.500%, 05/01/2020 | 332,366 | 0.4 | |||||||||||
50,000 | Sanchez Energy Corp., 6.125%, 01/15/2023 | 9,250 | 0.0 | |||||||||||
85,000 | SESI LLC, 7.750%, 09/15/2024 | 68,000 | 0.1 | |||||||||||
517,000 | (1) | Shelf Drilling Holdings Ltd., 8.250%, 02/15/2025 | 443,974 | 0.5 | ||||||||||
27,000 | SM Energy Co., 6.125%, 11/15/2022 | 25,650 | 0.0 | |||||||||||
260,000 | SM Energy Co., 6.750%, 09/15/2026 | 234,000 | 0.3 | |||||||||||
279,000 | (1) | SunCoke Energy Partners L.P. / SunCoke Energy Partners Finance Corp., 7.500%, 06/15/2025 | 265,050 | 0.3 |
See Accompanying Notes to Financial Statements
19 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
100,000 | Sunoco L.P. / Sunoco Finance Corp., 5.875%, 03/15/2028 | 93,788 | 0.1 | |||||||||||
335,000 | Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 4.250%, 11/15/2023 | 311,131 | 0.3 | |||||||||||
215,000 | Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 5.250%, 05/01/2023 | 211,238 | 0.2 | |||||||||||
84,000 | Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 5.000%, 01/15/2028 | 76,230 | 0.1 | |||||||||||
300,000 | (1) | TerraForm Power Operating LLC, 4.250%, 01/31/2023 | 281,250 | 0.3 | ||||||||||
420,000 | (1) | Transocean, Inc., 7.250%, 11/01/2025 | 368,550 | 0.4 | ||||||||||
211,000 | (1) | Trinidad Drilling Ltd, 6.625%, 02/15/2025 | 213,849 | 0.2 | ||||||||||
155,000 | (1) | Weatherford International LLC, 9.875%, 03/01/2025 | 94,938 | 0.1 | ||||||||||
200,000 | Whiting Petroleum Corp., 5.750%, 03/15/2021 | 191,000 | 0.2 | |||||||||||
125,000 | Whiting Petroleum Corp., 6.625%, 01/15/2026 | 107,813 | 0.1 | |||||||||||
93,000 | Williams Cos, Inc./The, 5.750%, 06/24/2044 | 93,887 | 0.1 | |||||||||||
200,000 | WPX Energy, Inc., 5.250%, 09/15/2024 | 182,000 | 0.2 | |||||||||||
80,000 | WPX Energy, Inc., 8.250%, 08/01/2023 | 84,000 | 0.1 | |||||||||||
15,175,728 | 16.5 | |||||||||||||
Financial: 8.3% | ||||||||||||||
500,000 | (1) | Alliance Data Systems Corp., 5.875%, 11/01/2021 | 500,550 | 0.5 | ||||||||||
300,000 | (1) | Avation Capital SA, 6.500%, 05/15/2021 | 300,000 | 0.3 | ||||||||||
500,000 | (2) | Barclays PLC, 7.750%, 12/31/2199 | 482,210 | 0.5 | ||||||||||
235,000 | (2) | Credit Suisse Group AG, 7.125%, 12/31/2199 | 232,356 | 0.3 | ||||||||||
190,000 | CyrusOne L.P. / CyrusOne Finance Corp., 5.000%, 03/15/2024 | 186,675 | 0.2 | |||||||||||
40,000 | CyrusOne L.P. / CyrusOne Finance Corp., 5.375%, 03/15/2027 | 38,900 | 0.0 | |||||||||||
195,000 | Equinix, Inc., 5.375%, 04/01/2023 | 194,756 | 0.2 | |||||||||||
405,000 | (1) | Freedom Mortgage Corp., 8.125%, 11/15/2024 | 349,312 | 0.4 | ||||||||||
515,000 | (1) | Freedom Mortgage Corp., 8.250%, 04/15/2025 | 442,900 | 0.5 | ||||||||||
260,000 | (1) | Iron Mountain US Holdings, Inc., 5.375%, 06/01/2026 | 237,900 | 0.3 | ||||||||||
300,000 | Iron Mountain, Inc., 5.750%, 08/15/2024 | 285,750 | 0.3 | |||||||||||
250,000 | (1) | Kendall Re Ltd., 7.682%, (US0003M + 5.250%), 05/06/2024 | 247,062 | 0.3 | ||||||||||
250,000 | Kennedy-Wilson, Inc., 5.875%, 04/01/2024 | 235,000 | 0.3 | |||||||||||
250,000 | (1) | Kilimanjaro Re Ltd. (Cat Bond), 11.696%, (T-BILL 3MO + 9.250%), 12/06/2019 | 249,387 | 0.3 | ||||||||||
200,000 | (2) | Lloyds Banking Group PLC, 7.500%, 12/31/2199 | 193,540 | 0.2 | ||||||||||
130,000 | MPT Operating Partnership L.P. / MPT Finance Corp., 5.000%, 10/15/2027 | 119,194 | 0.1 | |||||||||||
185,000 | MPT Operating Partnership L.P. / MPT Finance Corp., 5.500%, 05/01/2024 | 185,000 | 0.2 | |||||||||||
117,000 | (1) | Nationstar Mortgage Holdings, Inc., 8.125%, 07/15/2023 | 114,368 | 0.1 | ||||||||||
834,000 | Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 07/01/2021 | 815,235 | 0.9 | |||||||||||
125,000 | Nationstar Mortgage LLC / Nationstar Capital Corp., 6.500%, 06/01/2022 | 122,734 | 0.1 | |||||||||||
195,000 | (1) | Oxford Finance LLC / Oxford Finance Co-Issuer II, Inc., 6.375%, 12/15/2022 | 192,563 | 0.2 | ||||||||||
343,000 | (1) | Provident Funding Associates L.P. / PFG Finance Corp., 6.375%, 06/15/2025 | 312,130 | 0.3 | ||||||||||
400,000 | (2) | Royal Bank of Scotland Group PLC, 8.000%, 12/31/2199 | 400,000 | 0.4 | ||||||||||
200,000 | (1),(2) | Societe Generale SA, 7.375%, 12/31/2199 | 195,250 | 0.2 | ||||||||||
250,000 | (1) | Tailwind Re Ltd. 2017-1, 9.696%, (T-BILL 3MO + 7.250%), 01/08/2025 | 249,688 | 0.3 | ||||||||||
235,000 | (2) | UBS Group Funding Switzerland AG, 7.125%, 12/31/2199 | 238,907 | 0.3 | ||||||||||
335,000 | (1) | Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 6.000%, 04/15/2023 | 304,012 | 0.3 | ||||||||||
250,000 | (1) | Ursa Re Ltd 2017-2 D (Cat Bond), 5.250%, (T-BILL 3MO + 5.250%), 12/10/2020 | 247,613 | 0.3 | ||||||||||
7,672,992 | 8.3 |
See Accompanying Notes to Financial Statements
20 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Industrial: 9.3% | ||||||||||||||
525,000 | (1) | American Woodmark Corp., 4.875%, 03/15/2026 | 467,250 | 0.5 | ||||||||||
250,000 | (1) | Amsted Industries, Inc., 5.000%, 03/15/2022 | 244,375 | 0.3 | ||||||||||
250,000 | (1) | Amsted Industries, Inc., 5.375%, 09/15/2024 | 236,875 | 0.3 | ||||||||||
EUR | 100,000 | (3) | ARD Finance SA, 6.625%(PIK Rate 7.375%, Cash Rate 0.000%), 09/15/2023 | 109,803 | 0.1 | |||||||||
100,000 | (3) | ARD Finance SA, 7.125%(PIK Rate 7.875%, Cash Rate 0.000%), 09/15/2023 | 90,250 | 0.1 | ||||||||||
80,000 | (1) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 4.625%, 05/15/2023 | 75,983 | 0.1 | ||||||||||
510,000 | (1) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 6.000%, 02/15/2025 | 472,066 | 0.5 | ||||||||||
90,000 | (1) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 7.250%, 05/15/2024 | 90,112 | 0.1 | ||||||||||
384,000 | Ball Corp., 5.250%, 07/01/2025 | 384,000 | 0.4 | |||||||||||
EUR | 160,000 | Belden, Inc., 3.875%, 03/15/2028 | 167,411 | 0.2 | ||||||||||
249,000 | (1) | Builders FirstSource, Inc., 5.625%, 09/01/2024 | 231,881 | 0.3 | ||||||||||
437,000 | (1) | Cloud Crane LLC, 10.125%, 08/01/2024 | 450,110 | 0.5 | ||||||||||
603,000 | Covanta Holding Corp., 6.000%, 01/01/2027 | 542,700 | 0.6 | |||||||||||
640,000 | Crown Cork & Seal Co., Inc., 7.375%, 12/15/2026 | 684,800 | 0.7 | |||||||||||
110,000 | (1) | DAE Funding LLC, 4.500%, 08/01/2022 | 105,875 | 0.1 | ||||||||||
150,000 | Engility Corp., 8.875%, 09/01/2024 | 160,687 | 0.2 | |||||||||||
498,000 | (1) | EnPro Industries, Inc., 5.750%, 10/15/2026 | 481,815 | 0.5 | ||||||||||
400,000 | Fly Leasing Ltd., 6.375%, 10/15/2021 | 400,000 | 0.4 | |||||||||||
416,000 | (1) | GFL Environmental, Inc., 5.375%, 03/01/2023 | 366,080 | 0.4 | ||||||||||
215,000 | (1) | Itron, Inc., 5.000%, 01/15/2026 | 197,263 | 0.2 | ||||||||||
481,000 | (1) | Kratos Defense & Security Solutions, Inc., 6.500%, 11/30/2025 | 490,019 | 0.5 | ||||||||||
265,000 | MasTec, Inc., 4.875%, 03/15/2023 | 258,044 | 0.3 | |||||||||||
400,000 | (1) | Novelis Corp., 5.875%, 09/30/2026 | 355,000 | 0.4 | ||||||||||
125,000 | Park-Ohio Industries, Inc., 6.625%, 04/15/2027 | 119,375 | 0.1 | |||||||||||
125,000 | (1) | Plastipak Holdings, Inc., 6.250%, 10/15/2025 | 111,250 | 0.1 | ||||||||||
175,000 | (1) | Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 7.000%, 07/15/2024 | 167,016 | 0.2 | ||||||||||
96,911 | Reynolds Group Issuer, Inc., 5.750%, 10/15/2020 | 96,790 | 0.1 | |||||||||||
274,000 | (1) | Standard Industries, Inc./NJ, 5.375%, 11/15/2024 | 258,245 | 0.3 | ||||||||||
200,000 | (1) | syncreon Group BV / syncreon Global Finance US, Inc., 8.625%, 11/01/2021 | 171,000 | 0.2 | ||||||||||
418,000 | (1) | Tervita Escrow Corp., 7.625%, 12/01/2021 | 400,235 | 0.4 | ||||||||||
150,000 | (1) | Waste Pro USA, Inc., 5.500%, 02/15/2026 | 138,750 | 0.2 | ||||||||||
8,525,060 | 9.3 | |||||||||||||
Technology: 2.2% | ||||||||||||||
570,000 | (1) | First Data Corp., 5.750%, 01/15/2024 | 558,794 | 0.6 | ||||||||||
250,000 | GCI, Inc., 6.750%, 06/01/2021 | 251,195 | 0.3 | |||||||||||
200,000 | (4),(5),(6) | Midway Games, Inc., 0.000%, 06/01/2021 | – | – | ||||||||||
160,000 | (1) | MSCI, Inc., 4.750%, 08/01/2026 | 152,000 | 0.2 | ||||||||||
265,000 | NCR Corp., 5.000%, 07/15/2022 | 251,087 | 0.3 | |||||||||||
160,000 | NCR Corp., 6.375%, 12/15/2023 | 155,474 | 0.2 | |||||||||||
200,000 | (1) | Open Text Corp., 5.875%, 06/01/2026 | 196,500 | 0.2 | ||||||||||
298,000 | (1) | Rackspace Hosting, Inc., 8.625%, 11/15/2024 | 233,185 | 0.2 | ||||||||||
225,000 | Western Digital Corp., 4.750%, 02/15/2026 | 196,031 | 0.2 | |||||||||||
1,994,266 | 2.2 | |||||||||||||
Utilities: 1.6% | ||||||||||||||
200,000 | (1) | Calpine Corp., 5.250%, 06/01/2026 | 183,250 | 0.2 | ||||||||||
410,000 | Calpine Corp., 5.750%, 01/15/2025 | 376,175 | 0.4 | |||||||||||
303,000 | (1) | Clearway Energy Operating LLC, 5.750%, 10/15/2025 | 290,501 | 0.3 | ||||||||||
385,000 | NRG Energy, Inc., 6.625%, 01/15/2027 | 389,331 | 0.5 | |||||||||||
171,447 | (1) | NSG Holdings LLC / NSG Holdings, Inc., 7.750%, 12/15/2025 | 181,734 | 0.2 | ||||||||||
8,000 | Talen Energy Supply LLC, 4.600%, 12/15/2021 | 7,240 | 0.0 | |||||||||||
1,428,231 | 1.6 | |||||||||||||
Total Corporate Bonds/Notes | ||||||||||||||
(Cost $78,264,234) | 73,452,422 | 79.8 | ||||||||||||
OTHER(7): –% | ||||||||||||||
Communications: –% | ||||||||||||||
365,000 | (4),(5),(6) | Avaya, Inc. (Escrow), 0.000%, 04/01/2019 | – | – |
See Accompanying Notes to Financial Statements
21 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
1,445,000 | (4),(6) | Millicom International Cellular S.A. (Escrow), 0.000%, 11/15/2026 | – | – | ||||||||||
Total Other | ||||||||||||||
(Cost $–) | – | – | ||||||||||||
BANK LOANS: 4.3% | ||||||||||||||
Auto Parts & Equipment: 0.4% | ||||||||||||||
126,750 | American Axle & Manufacturing Holdings, Inc. - Term Loan A, 4.760%, (US0003M + 2.000%), 04/06/2024 | 120,698 | 0.1 | |||||||||||
312,985 | Tower Automotive Holdings Term Loan B1, 5.188%, (US0003M + 2.750%), 03/07/2024 | 300,074 | 0.3 | |||||||||||
420,772 | 0.4 | |||||||||||||
Building Materials: 0.2% | ||||||||||||||
204,761 | Builders FirstSource, Inc., 5.803%, (US0003M + 3.000%), 02/29/2024 | 192,885 | 0.2 | |||||||||||
Cable & Satellite Television: 0.3% | ||||||||||||||
269,328 | Virgin Media Bristol LLC 2017 USD Term Loan, 4.955%, (US0003M + 2.500%), 01/15/2026 | 256,063 | 0.3 | |||||||||||
Computers: 0.1% | ||||||||||||||
74,583 | DynCorp International, Inc. Term Loan B2 1L, 8.470%, (US0003M + 6.000%), 07/07/2020 | 74,210 | 0.1 | |||||||||||
Cosmetics/Personal Care: 0.3% | ||||||||||||||
385,003 | Revlon Consumer Products Corp. TL B 1L, 8.000%, (US0003M + 3.500%), 09/07/2023 | 275,036 | 0.3 | |||||||||||
Forest Products & Paper: 0.3% | ||||||||||||||
260,363 | Caraustar Industries, Inc. - TL 1L, 8.303%, (US0003M + 5.500%), 03/14/2022 | 259,305 | 0.3 | |||||||||||
Healthcare - Services: 0.5% | ||||||||||||||
460,199 | RegionalCare Hospital Partners Holdings, Inc. - TL 1L, 7.129%, (US0003M + 4.500%), 11/16/2025 | 436,806 | 0.5 | |||||||||||
Insurance: 0.4% | ||||||||||||||
70,319 | Alliant Holdings I, Inc. 2015 Term Loan B, 5.205%, (US0003M + 3.250%), 05/09/2025 | 66,853 | 0.1 | |||||||||||
301,966 | Confie Seguros Holding II - TL B 1L, 7.457%, (US0003M + 4.750%), 04/19/2022 | 298,443 | 0.3 | |||||||||||
365,296 | 0.4 | |||||||||||||
Lodging: 0.1% | ||||||||||||||
56,457 | Golden Nugget, Inc. - TL 1L, 5.277%, (US0003M + 3.250%), 10/04/2023 | 54,086 | 0.1 | |||||||||||
Media: 0.3% | ||||||||||||||
298,828 | McGraw-Hill Global Education Holdings, LLC, 6.522%, (US0003M + 4.000%), 05/04/2022 | 271,560 | 0.3 | |||||||||||
56,437 | Univision Communications Inc. Term Loan C5, 5.272%, (US0003M + 2.750%), 03/15/2024 | 51,301 | 0.0 | |||||||||||
322,861 | 0.3 | |||||||||||||
Mining: 0.3% | ||||||||||||||
298,500 | Aleris International, Inc. TL 1L, 7.245%, (US0003M + 4.750%), 02/27/2023 | 296,448 | 0.3 | |||||||||||
Oil & Gas: 0.6% | ||||||||||||||
384,000 | Encino Acquisition Partners Holdings, LLC 2018 2nd Lien Term Loan, 9.272%, (US0003M + 6.750%), 10/29/2025 | 366,720 | 0.4 | |||||||||||
248,664 | Gavilan Resources LLC - TL 2L, 8.504%, (US0003M + 6.000%), 03/01/2024 | 191,471 | 0.2 | |||||||||||
558,191 | 0.6 | |||||||||||||
Retail: 0.2% | ||||||||||||||
218,176 | Camping World TL B 1L, 5.272%, (US0003M + 3.750%), 11/08/2023 | 197,858 | 0.2 | |||||||||||
Retailers (Except Food & Drug): 0.2% | ||||||||||||||
247,403 | Neiman Marcus Group, Inc. - TL 1L, 5.630%, (US0003M + 3.250%), 10/25/2020 | 210,911 | 0.2 | |||||||||||
Telecommunications: 0.1% | ||||||||||||||
106,681 | West Corp. - TL 1L, 6.527%, (US0003M + 4.000%), 10/10/2024 | 98,080 | 0.1 | |||||||||||
Total Bank Loans | ||||||||||||||
(Cost $4,313,252) | 4,018,808 | 4.3 | ||||||||||||
CONVERTIBLE BONDS/NOTES: 5.1% | ||||||||||||||
Communications: 0.6% | ||||||||||||||
319,000 | DISH Network Corp., 2.375%, 03/15/2024 | 255,173 | 0.3 | |||||||||||
325,000 | (1) | Palo Alto Networks, Inc., 0.750%, 07/01/2023 | 323,047 | 0.3 | ||||||||||
578,220 | 0.6 | |||||||||||||
Consumer, Cyclical: 0.3% | ||||||||||||||
310,000 | KB Home, 1.375%, 02/01/2019 | 309,225 | 0.3 |
See Accompanying Notes to Financial Statements
22 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Consumer, Non-cyclical: 2.3% | ||||||||||||||
432,000 | Alder Biopharmaceuticals, Inc., 2.500%, 02/01/2025 | 345,680 | 0.4 | |||||||||||
205,000 | Endologix, Inc., 3.250%, 11/01/2020 | 146,575 | 0.2 | |||||||||||
184,000 | Innoviva, Inc., 2.125%, 01/15/2023 | 199,295 | 0.2 | |||||||||||
400,000 | Insmed, Inc., 1.750%, 01/15/2025 | 286,399 | 0.3 | |||||||||||
115,000 | Macquarie Infrastructure Corp., 2.000%, 10/01/2023 | 99,797 | 0.1 | |||||||||||
205,000 | Medicines Co/The, 2.500%, 01/15/2022 | 176,903 | 0.2 | |||||||||||
140,000 | Medicines Co/The, 2.750%, 07/15/2023 | 106,210 | 0.1 | |||||||||||
141,000 | (1) | Medicines Co/The, 3.500%, 01/15/2024 | 139,976 | 0.2 | ||||||||||
581,000 | (1) | Wright Medical Group, Inc., 1.625%, 06/15/2023 | 594,562 | 0.6 | ||||||||||
2,095,397 | 2.3 | |||||||||||||
Energy: 0.3% | ||||||||||||||
130,000 | SEACOR Holdings, Inc., 3.000%, 11/15/2028 | 120,562 | 0.1 | |||||||||||
200,000 | SM Energy Co., 1.500%, 07/01/2021 | 186,903 | 0.2 | |||||||||||
307,465 | 0.3 | |||||||||||||
Industrial: 0.2% | ||||||||||||||
182,000 | Dycom Industries, Inc., 0.750%, 09/15/2021 | 169,893 | 0.2 | |||||||||||
Technology: 1.4% | ||||||||||||||
400,000 | (1) | Akamai Technologies, Inc., 0.125%, 05/01/2025 | 367,820 | 0.4 | ||||||||||
175,000 | Microchip Technology, Inc., 1.625%, 02/15/2027 | 171,485 | 0.2 | |||||||||||
175,000 | ON Semiconductor Corp., 1.625%, 10/15/2023 | 188,357 | 0.2 | |||||||||||
246,000 | (1) | Pure Storage, Inc., 0.125%, 04/15/2023 | 229,715 | 0.3 | ||||||||||
110,000 | Synaptics, Inc., 0.500%, 06/15/2022 | 96,943 | 0.1 | |||||||||||
205,000 | Synchronoss Technologies, Inc., 0.750%, 08/15/2019 | 198,198 | 0.2 | |||||||||||
1,252,518 | 1.4 | |||||||||||||
Total Convertible Bonds/Notes | ||||||||||||||
(Cost $5,051,124) | 4,712,718 | 5.1 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 1.0% | ||||||||||||||
Consumer Discretionary: –% | ||||||||||||||
1,476 | (1),(4),(8) | Perseus Holding Corp. | – | – | ||||||||||
Energy: 0.0% | ||||||||||||||
424,441 | (4),(8) | Ascent Resources - Utica LLC | 5,093 | 0.0 | ||||||||||
Financials: 0.1% | ||||||||||||||
1,883 | Capital One Financial Corp. | 142,336 | 0.1 | |||||||||||
Health Care: 0.4% | ||||||||||||||
794 | Allergan PLC | 106,126 | 0.1 | |||||||||||
15,129 | (8) | BioScrip, Inc. | 54,011 | 0.1 | ||||||||||
1,137 | Cigna Corp. | 215,939 | 0.2 | |||||||||||
376,076 | 0.4 | |||||||||||||
Industrials: 0.2% | ||||||||||||||
2,062 | (8) | United Continental Holdings, Inc. | 172,651 | 0.2 | ||||||||||
Information Technology: 0.1% | ||||||||||||||
3,559 | (8) | NCR Corp. | 82,142 | 0.1 | ||||||||||
Materials: 0.1% | ||||||||||||||
1,018 | LyondellBasell Industries NV - Class A | 84,657 | 0.1 | |||||||||||
Real Estate: 0.1% | ||||||||||||||
5,760 | (8) | Uniti Group, Inc. | 89,683 | 0.1 | ||||||||||
Total Common Stock | ||||||||||||||
(Cost $802,842) | 952,638 | 1.0 | ||||||||||||
PREFERRED STOCK: 1.6% | ||||||||||||||
Consumer Discretionary: –% | ||||||||||||||
775 | (1),(4),(8) | Perseus Holding Corp. | – | – | ||||||||||
Financials: 1.6% | ||||||||||||||
470 | Bank of America Corp. | 588,675 | 0.7 | |||||||||||
3,542 | (2),(8),(9) | GMAC Capital Trust I | 89,790 | 0.1 | ||||||||||
602 | Wells Fargo & Co. | 759,706 | 0.8 | |||||||||||
1,438,171 | 1.6 | |||||||||||||
Health Care: 0.0% | ||||||||||||||
44 | (4),(8) | BioScrip, Inc. | 4,896 | 0.0 | ||||||||||
Total Preferred Stock | ||||||||||||||
(Cost $1,422,347) | 1,443,067 | 1.6 | ||||||||||||
WARRANTS: –% | ||||||||||||||
Energy: –% | ||||||||||||||
659 | (4),(8) | Midstates Petroleum Co., Inc. | – | – | ||||||||||
Health Care: –% | ||||||||||||||
126 | (4),(8) | BioScrip, Inc. - Class A | – | – | ||||||||||
126 | (4),(8) | BioScrip, Inc. - Class B | – | – | ||||||||||
– | – | |||||||||||||
Industrials: –% | ||||||||||||||
28 | (4),(8) | Liberty Tire Recycling | – | – | ||||||||||
Total Warrants | ||||||||||||||
(Cost $–) | – | – | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $89,853,799) | 84,579,653 | 91.8 |
See Accompanying Notes to Financial Statements
23 |
VY®Pioneer High Yield Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 12.0% | ||||||||||||||
U.S. Treasury Bills: 12.0% | ||||||||||||||
4,230,000 | United States Treasury Bill, 2.160%, 01/02/2019 | 4,230,000 | 4.6 | |||||||||||
6,800,000 | United States Treasury Bill, 2.300%, 01/29/2019 | 6,787,502 | 7.4 | |||||||||||
11,017,502 | 12.0 | |||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $11,017,525) | 11,017,502 | 12.0 | ||||||||||||
Total Investments in Securities (Cost $100,871,324) | $ | 95,597,155 | 103.8 | |||||||||||
Liabilities in Excess of Other Assets | (3,513,427 | ) | (3.8 | ) | ||||||||||
Net Assets | $ | 92,083,728 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(2) | Variable rate security. Rate shown is the rate in effect as of December 31, 2018. |
(3) | All or a portion of this security is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates. |
(4) | For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs. |
(5) | Defaulted security |
(6) | Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2018, the Portfolio held restricted securities with a fair value of $– or 0.0% of net assets. Please refer to the table below for additional details. |
(7) | Represents an escrow position for future entitlements, if any, on the defaulted bond. The escrow position was received in exchange for the defaulted bond as part of the bankruptcy reorganization of the bond issuer. |
(8) | Non-income producing security. |
(9) | Preferred Stock may be called prior to convertible date. |
EUR | EU Euro |
Reference Rate Abbreviations: | |
T-BILL 3MO | 3-month U.S. Treasury Bill |
US0003M | 3-month LIBOR |
See Accompanying Notes to Financial Statements
24 |
VY®T. Rowe Price Diversified Mid Cap Growth Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 98.3% | ||||||||||||||
Communication Services: 1.9% | ||||||||||||||
32,194 | Altice USA, Inc. | 531,845 | 0.0 | |||||||||||
18,100 | (1) | Electronic Arts, Inc. | 1,428,271 | 0.1 | ||||||||||
21,100 | (1) | IAC/InterActiveCorp | 3,862,144 | 0.4 | ||||||||||
38,400 | Interpublic Group of Cos., Inc. | 792,192 | 0.1 | |||||||||||
31,000 | (1) | Live Nation Entertainment, Inc. | 1,526,750 | 0.2 | ||||||||||
58,000 | Match Group, Inc. | 2,480,660 | 0.3 | |||||||||||
22,200 | Omnicom Group | 1,625,928 | 0.2 | |||||||||||
16,900 | (1) | Take-Two Interactive Software, Inc. | 1,739,686 | 0.2 | ||||||||||
65,600 | (1) | Zayo Group Holdings, Inc. | 1,498,304 | 0.2 | ||||||||||
26,800 | (1) | Zillow Group, Inc. - Class A | 842,324 | 0.1 | ||||||||||
236,500 | (1) | Zynga, Inc. - Class A | 929,445 | 0.1 | ||||||||||
17,257,549 | 1.9 | |||||||||||||
Consumer Discretionary: 14.9% | ||||||||||||||
60,700 | Aramark | 1,758,479 | 0.2 | |||||||||||
2,600 | (1) | Autozone, Inc. | 2,179,684 | 0.2 | ||||||||||
20,900 | (1) | Bright Horizons Family Solutions, Inc. | 2,329,305 | 0.3 | ||||||||||
48,500 | (1) | Burlington Stores, Inc. | 7,889,495 | 0.9 | ||||||||||
64,500 | (1) | Carmax, Inc. | 4,046,085 | 0.4 | ||||||||||
27,400 | Choice Hotels International, Inc. | 1,961,292 | 0.2 | |||||||||||
57,000 | (1) | Ctrip.com International Ltd. ADR | 1,542,420 | 0.2 | ||||||||||
99,300 | Delphi Technologies PLC | 6,113,901 | 0.7 | |||||||||||
82,200 | Dollar General Corp. | 8,884,176 | 1.0 | |||||||||||
65,600 | (1) | Dollar Tree, Inc. | 5,924,992 | 0.7 | ||||||||||
16,300 | Domino's Pizza, Inc. | 4,042,237 | 0.4 | |||||||||||
70,800 | Dunkin' Brands Group, Inc. | 4,539,696 | 0.5 | |||||||||||
98,900 | Extended Stay America, Inc. | 1,532,950 | 0.2 | |||||||||||
35,139 | (1),(2) | Farfetch Ltd. | 622,312 | 0.1 | ||||||||||
18,700 | (2) | Ferrari NV | 1,859,528 | 0.2 | ||||||||||
17,700 | (1) | Five Below, Inc. | 1,811,064 | 0.2 | ||||||||||
17,200 | (1) | Grand Canyon Education, Inc. | 1,653,608 | 0.2 | ||||||||||
8,400 | (1) | GrubHub, Inc. | 645,204 | 0.1 | ||||||||||
93,633 | Hilton Worldwide Holdings, Inc. | 6,722,849 | 0.8 | |||||||||||
21,400 | (1) | Lululemon Athletica, Inc. | 2,602,454 | 0.3 | ||||||||||
5,100 | MercadoLibre, Inc. | 1,493,535 | 0.2 | |||||||||||
109,700 | MGM Resorts International | 2,661,322 | 0.3 | |||||||||||
48,500 | (1) | Michaels Cos, Inc. | 656,690 | 0.1 | ||||||||||
21,300 | (1) | Mohawk Industries, Inc. | 2,491,248 | 0.3 | ||||||||||
52,800 | Newell Brands, Inc. | 981,552 | 0.1 | |||||||||||
49,800 | (1) | Norwegian Cruise Line Holdings Ltd. | 2,111,022 | 0.2 | ||||||||||
1,360 | (1) | NVR, Inc. | 3,314,306 | 0.4 | ||||||||||
15,200 | (1) | O'Reilly Automotive, Inc. | 5,233,816 | 0.6 | ||||||||||
25,900 | Papa John's International, Inc. | 1,031,079 | 0.1 | |||||||||||
14,100 | PVH Corp. | 1,310,595 | 0.1 | |||||||||||
51,100 | (2) | Restaurant Brands International, Inc. | 2,672,530 | 0.3 | ||||||||||
92,000 | Ross Stores, Inc. | 7,654,400 | 0.9 | |||||||||||
23,600 | Royal Caribbean Cruises Ltd. | 2,307,844 | 0.3 | |||||||||||
99,700 | Service Corp. International | 4,013,922 | 0.4 | |||||||||||
26,300 | (1) | Sotheby's | 1,045,162 | 0.1 | ||||||||||
125,200 | Tapestry, Inc. | 4,225,500 | 0.5 | |||||||||||
32,500 | Tiffany & Co. | 2,616,575 | 0.3 | |||||||||||
38,000 | Toll Brothers, Inc. | 1,251,340 | 0.1 | |||||||||||
21,600 | Tractor Supply Co. | 1,802,304 | 0.2 | |||||||||||
18,000 | (1) | Ulta Beauty, Inc. | 4,407,120 | 0.5 | ||||||||||
9,720 | (1) | Wayfair, Inc. | 875,578 | 0.1 | ||||||||||
23,600 | �� | (2) | Williams-Sonoma, Inc. | 1,190,620 | 0.1 | |||||||||
26,700 | Wynn Resorts Ltd. | 2,640,897 | 0.3 | |||||||||||
65,900 | Yum China Holdings, Inc. | 2,209,627 | 0.2 | |||||||||||
41,500 | Yum! Brands, Inc. | 3,814,680 | 0.4 | |||||||||||
132,674,995 | 14.9 | |||||||||||||
Consumer Staples: 3.5% | ||||||||||||||
69,975 | Brown-Forman Corp. - Class B | 3,329,411 | 0.4 | |||||||||||
15,000 | Casey's General Stores, Inc. | 1,922,100 | 0.2 | |||||||||||
70,800 | Church & Dwight Co., Inc. | 4,655,808 | 0.5 | |||||||||||
27,000 | Clorox Co. | 4,161,780 | 0.5 | |||||||||||
57,600 | Conagra Brands, Inc. | 1,230,336 | 0.1 | |||||||||||
39,700 | Hershey Co. | 4,255,046 | 0.5 | |||||||||||
35,400 | Hormel Foods Corp. | 1,510,872 | 0.2 | |||||||||||
58,000 | Keurig Dr Pepper, Inc. | 1,487,120 | 0.1 | |||||||||||
31,600 | McCormick & Co., Inc. | 4,399,984 | 0.5 | |||||||||||
10,700 | Pricesmart, Inc. | 632,370 | 0.1 | |||||||||||
32,900 | (1) | Sprouts Farmers Market, Inc. | 773,479 | 0.1 | ||||||||||
51,300 | Tyson Foods, Inc. | 2,739,420 | 0.3 | |||||||||||
31,097,726 | 3.5 | |||||||||||||
Energy: 1.7% | ||||||||||||||
132,300 | Cabot Oil & Gas Corp. | 2,956,905 | 0.3 | |||||||||||
110,437 | (1),(2) | Centennial Resource Development, Inc./DE | 1,217,016 | 0.1 | ||||||||||
7,500 | Cimarex Energy Co. | 462,375 | 0.1 | |||||||||||
18,352 | (1) | Concho Resources, Inc./Midland TX | 1,886,402 | 0.2 | ||||||||||
28,000 | (1) | Continental Resources, Inc. | 1,125,320 | 0.1 | ||||||||||
15,800 | Diamondback Energy, Inc. | 1,464,660 | 0.2 | |||||||||||
22,300 | HollyFrontier Corp. | 1,139,976 | 0.1 | |||||||||||
158,100 | (1),(2) | Jagged Peak Energy, Inc. | 1,441,872 | 0.2 | ||||||||||
36,000 | (1) | Oceaneering International, Inc. | 435,600 | 0.1 | ||||||||||
44 | (1),(3),(4) | Venture Global LNG, Inc. - Series B | 228,800 | 0.0 | ||||||||||
560 | (1),(3),(4) | Venture Global LNG, Inc. - Series C | 2,912,000 | 0.3 | ||||||||||
15,270,926 | 1.7 | |||||||||||||
Financials: 7.6% | ||||||||||||||
23,100 | Assurant, Inc. | 2,066,064 | 0.2 | |||||||||||
34,400 | Axis Capital Holdings Ltd. | 1,776,416 | 0.2 |
See Accompanying Notes to Financial Statements
25 |
VY®T. Rowe Price Diversified Mid Cap Growth Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
44,600 | BankUnited, Inc. | 1,335,324 | 0.2 | |||||||||||
59,633 | Cboe Global Markets, Inc. | 5,833,896 | 0.7 | |||||||||||
41,900 | Discover Financial Services | 2,471,262 | 0.3 | |||||||||||
48,400 | E*Trade Financial Corp. | 2,123,792 | 0.2 | |||||||||||
9,100 | Factset Research Systems, Inc. | 1,821,183 | 0.2 | |||||||||||
57,200 | Fifth Third Bancorp | 1,345,916 | 0.2 | |||||||||||
73,200 | First Republic Bank | 6,361,080 | 0.7 | |||||||||||
112,400 | Fidelity National Financial, Inc. | 3,533,856 | 0.4 | |||||||||||
72,700 | Lazard Ltd. | 2,683,357 | 0.3 | |||||||||||
10,500 | MarketAxess Holdings, Inc. | 2,218,755 | 0.3 | |||||||||||
51,300 | Moody's Corp. | 7,184,052 | 0.8 | |||||||||||
22,100 | MSCI, Inc. - Class A | 3,258,203 | 0.4 | |||||||||||
26,400 | Nasdaq, Inc. | 2,153,448 | 0.2 | |||||||||||
14,000 | Northern Trust Corp. | 1,170,260 | 0.1 | |||||||||||
21,800 | Pinnacle Financial Partners, Inc. | 1,004,980 | 0.1 | |||||||||||
50,300 | Progressive Corp. | 3,034,599 | 0.3 | |||||||||||
15,600 | Signature Bank | 1,603,836 | 0.2 | |||||||||||
8,200 | State Street Corp. | 517,174 | 0.1 | |||||||||||
11,900 | (1) | SVB Financial Group | 2,260,048 | 0.3 | ||||||||||
62,200 | TD Ameritrade Holding Corp. | 3,045,312 | 0.3 | |||||||||||
59,730 | Webster Financial Corp. | 2,944,092 | 0.3 | |||||||||||
37,500 | Willis Towers Watson PLC | 5,694,750 | 0.6 | |||||||||||
67,441,655 | 7.6 | |||||||||||||
Health Care: 13.3% | ||||||||||||||
2,800 | (1) | Abiomed, Inc. | 910,112 | 0.1 | ||||||||||
57,199 | (1),(2) | Acadia Healthcare Co., Inc. | 1,470,586 | 0.2 | ||||||||||
61,900 | Agilent Technologies, Inc. | 4,175,774 | 0.5 | |||||||||||
12,800 | (1),(2) | Agios Pharmaceuticals, Inc. | 590,208 | 0.1 | ||||||||||
20,400 | (1) | Alexion Pharmaceuticals, Inc. | 1,986,144 | 0.2 | ||||||||||
24,700 | (1) | Align Technology, Inc. | 5,172,921 | 0.6 | ||||||||||
58,500 | (1) | Alkermes PLC | 1,726,335 | 0.2 | ||||||||||
34,500 | (1) | Alnylam Pharmaceuticals, Inc. | 2,515,395 | 0.3 | ||||||||||
63,700 | (1) | BioMarin Pharmaceutical, Inc. | 5,424,055 | 0.6 | ||||||||||
9,400 | (1),(2) | Bluebird Bio, Inc. | 932,480 | 0.1 | ||||||||||
8,400 | (1) | Blueprint Medicines Corp. | 452,844 | 0.0 | ||||||||||
57,700 | Bruker Corp. | 1,717,729 | 0.2 | |||||||||||
51,584 | (1) | Catalent, Inc. | 1,608,389 | 0.2 | ||||||||||
50,100 | (1) | Centene Corp. | 5,776,530 | 0.6 | ||||||||||
33,912 | (1) | Cerner Corp. | 1,778,345 | 0.2 | ||||||||||
28,000 | Cooper Cos., Inc. | 7,126,000 | 0.8 | |||||||||||
27,800 | (1) | DaVita, Inc. | 1,430,588 | 0.2 | ||||||||||
25,510 | (1) | Elanco Animal Health, Inc. | 804,330 | 0.1 | ||||||||||
42,500 | (1) | Exact Sciences Corp. | 2,681,750 | 0.3 | ||||||||||
79,000 | (1) | Exelixis, Inc. | 1,553,930 | 0.2 | ||||||||||
20,200 | (1) | FibroGen, Inc. | 934,856 | 0.1 | ||||||||||
7,300 | (1) | GW Pharmaceuticals PLC ADR | 710,947 | 0.1 | ||||||||||
34,800 | (1) | Henry Schein, Inc. | 2,732,496 | 0.3 | ||||||||||
113,700 | (1) | Hologic, Inc. | 4,673,070 | 0.5 | ||||||||||
7,875 | (1) | ICU Medical, Inc. | 1,808,336 | 0.2 | ||||||||||
26,500 | (1) | Idexx Laboratories, Inc. | 4,929,530 | 0.6 | ||||||||||
45,800 | (1),(2) | Immunomedics, Inc. | 653,566 | 0.1 | ||||||||||
60,200 | (1) | Incyte Corp., Ltd. | 3,828,118 | 0.4 | ||||||||||
20,200 | (1) | IQVIA Holdings, Inc. | 2,346,634 | 0.3 | ||||||||||
17,800 | (1) | Jazz Pharmaceuticals PLC | 2,206,488 | 0.2 | ||||||||||
5,500 | (1) | Loxo Oncology, Inc. | 770,385 | 0.1 | ||||||||||
3,252 | (1),(2) | Madrigal Pharmaceuticals, Inc. | 366,566 | 0.0 | ||||||||||
22,600 | (1) | Medidata Solutions, Inc. | 1,523,692 | 0.2 | ||||||||||
7,900 | (1) | Mettler Toledo International, Inc. | 4,468,082 | 0.5 | ||||||||||
26,200 | (1) | Molina Healthcare, Inc. | 3,044,964 | 0.3 | ||||||||||
25,700 | (1) | Nektar Therapeutics | 844,759 | 0.1 | ||||||||||
39,279 | (1) | Neurocrine Biosciences, Inc. | 2,804,914 | 0.3 | ||||||||||
20,300 | (1) | Novocure Ltd. | 679,644 | 0.1 | ||||||||||
11,600 | (1) | Penumbra, Inc. | 1,417,520 | 0.2 | ||||||||||
29,700 | Perrigo Co. PLC | 1,150,875 | 0.1 | |||||||||||
68,300 | (1) | QIAGEN NV | 2,352,935 | 0.3 | ||||||||||
16,942 | (1) | Sage Therapeutics, Inc. | 1,622,874 | 0.2 | ||||||||||
15,900 | (1) | Sarepta Therapeutics, Inc. | 1,735,167 | 0.2 | ||||||||||
41,527 | (1) | Seattle Genetics, Inc. | 2,352,920 | 0.3 | ||||||||||
14,500 | Steris PLC | 1,549,325 | 0.2 | |||||||||||
17,600 | Teleflex, Inc. | 4,549,248 | 0.5 | |||||||||||
11,100 | (1) | Ultragenyx Pharmaceutical, Inc. | 482,628 | 0.0 | ||||||||||
18,000 | Universal Health Services, Inc. | 2,098,080 | 0.2 | |||||||||||
41,400 | (1) | Veeva Systems, Inc. | 3,697,848 | 0.4 | ||||||||||
12,764 | (1) | WellCare Health Plans, Inc. | 3,013,453 | 0.3 | ||||||||||
17,500 | West Pharmaceutical Services, Inc. | 1,715,525 | 0.2 | |||||||||||
10,950 | Zoetis, Inc. | 936,663 | 0.1 | |||||||||||
117,836,553 | 13.3 | |||||||||||||
Industrials: 18.5% | ||||||||||||||
7,200 | Acuity Brands, Inc. | 827,640 | 0.1 | |||||||||||
140,700 | (2) | ADT, Inc. | 845,607 | 0.1 | ||||||||||
56,900 | Alaska Air Group, Inc. | 3,462,365 | 0.4 | |||||||||||
50,300 | Allegion Public Ltd. | 4,009,413 | 0.5 | |||||||||||
16,223 | Altra Industrial Motion Corp. | 408,017 | 0.0 | |||||||||||
87,000 | American Airlines Group, Inc. | 2,793,570 | 0.3 | |||||||||||
28,762 | Ametek, Inc. | 1,947,187 | 0.2 | |||||||||||
66,400 | AO Smith Corp. | 2,835,280 | 0.3 | |||||||||||
51,200 | BWX Technologies, Inc. | 1,957,376 | 0.2 | |||||||||||
22,600 | CH Robinson Worldwide, Inc. | 1,900,434 | 0.2 | |||||||||||
26,800 | Cintas Corp. | 4,502,132 | 0.5 | |||||||||||
13,800 | Copa Holdings S.A.- Class A | 1,086,198 | 0.1 | |||||||||||
70,100 | (1) | Copart, Inc. | 3,349,378 | 0.4 | ||||||||||
16,300 | (1) | CoStar Group, Inc. | 5,498,642 | 0.6 | ||||||||||
29,100 | Donaldson Co., Inc. | 1,262,649 | 0.1 | |||||||||||
42,087 | Equifax, Inc. | 3,919,562 | 0.4 | |||||||||||
25,200 | Expeditors International Washington, Inc. | 1,715,868 | 0.2 | |||||||||||
15,800 | Fastenal Co. | 826,182 | 0.1 | |||||||||||
29,300 | Flowserve Corp. | 1,113,986 | 0.1 | |||||||||||
56,039 | Fortive Corp. | 3,791,599 | 0.4 | |||||||||||
76,975 | Fortune Brands Home & Security, Inc. | 2,924,280 | 0.3 | |||||||||||
25,300 | (1) | Generac Holdings, Inc. | 1,257,410 | 0.1 |
See Accompanying Notes to Financial Statements
26 |
VY®T. Rowe Price Diversified Mid Cap Growth Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
21,100 | (1) | Genesee & Wyoming, Inc. | 1,561,822 | 0.2 | ||||||||||
58,400 | Graco, Inc. | 2,444,040 | 0.3 | |||||||||||
48,800 | Harris Corp. | 6,570,920 | 0.7 | |||||||||||
125,600 | (1) | HD Supply Holdings, Inc. | 4,712,512 | 0.5 | ||||||||||
31,000 | Hubbell, Inc. | 3,079,540 | 0.4 | |||||||||||
14,000 | Huntington Ingalls Industries, Inc. | 2,664,340 | 0.3 | |||||||||||
21,400 | IDEX Corp. | 2,701,964 | 0.3 | |||||||||||
72,153 | (1) | IHS Markit Ltd. | 3,461,179 | 0.4 | ||||||||||
36,400 | JB Hunt Transport Services, Inc. | 3,386,656 | 0.4 | |||||||||||
31,600 | Kansas City Southern | 3,016,220 | 0.3 | |||||||||||
80,600 | KAR Auction Services, Inc. | 3,846,232 | 0.4 | |||||||||||
12,700 | (1) | Kirby Corp. | 855,472 | 0.1 | ||||||||||
21,700 | L3 Technologies, Inc. | 3,768,422 | 0.4 | |||||||||||
11,300 | Landstar System, Inc. | 1,081,071 | 0.1 | |||||||||||
10,400 | Manpowergroup, Inc. | 673,920 | 0.1 | |||||||||||
15,500 | (1) | Middleby Corp. | 1,592,315 | 0.2 | ||||||||||
126,400 | Nielsen Holdings PLC | 2,948,912 | 0.3 | |||||||||||
21,700 | Nordson Corp. | 2,589,895 | 0.3 | |||||||||||
18,000 | Old Dominion Freight Line | 2,222,820 | 0.3 | |||||||||||
28,300 | Paccar, Inc. | 1,617,062 | 0.2 | |||||||||||
44,100 | Ritchie Bros Auctioneers, Inc. | 1,442,952 | 0.2 | |||||||||||
30,700 | Robert Half International, Inc. | 1,756,040 | 0.2 | |||||||||||
22,400 | Rockwell Automation, Inc. | 3,370,752 | 0.4 | |||||||||||
84,261 | Rollins, Inc. | 3,041,822 | 0.3 | |||||||||||
12,700 | Roper Technologies, Inc. | 3,384,804 | 0.4 | |||||||||||
60,024 | Schneider National, Inc. | 1,120,648 | 0.1 | |||||||||||
71,100 | (1) | Sensata Technologies Holding PLC | 3,188,124 | 0.4 | ||||||||||
16,400 | Snap-On, Inc. | 2,382,756 | 0.3 | |||||||||||
16,600 | (1) | Stericycle, Inc. | 609,054 | 0.1 | ||||||||||
37,600 | Textron, Inc. | 1,729,224 | 0.2 | |||||||||||
40,700 | Toro Co. | 2,274,316 | 0.3 | |||||||||||
17,200 | (1) | TransDigm Group, Inc. | 5,849,032 | 0.7 | ||||||||||
80,300 | TransUnion | 4,561,040 | 0.5 | |||||||||||
41,741 | (1) | United Continental Holdings, Inc. | 3,494,974 | 0.4 | ||||||||||
16,000 | Valmont Industries, Inc. | 1,775,200 | 0.2 | |||||||||||
50,900 | (1) | Verisk Analytics, Inc. | 5,550,136 | 0.6 | ||||||||||
12,100 | (1) | WABCO Holdings, Inc. | 1,298,814 | 0.2 | ||||||||||
34,000 | (2) | Wabtec Corp. | 2,388,500 | 0.3 | ||||||||||
59,850 | Waste Connections, Inc. | 4,443,863 | 0.5 | |||||||||||
12,700 | Watsco, Inc. | 1,767,078 | 0.2 | |||||||||||
26,300 | Xylem, Inc. | 1,754,736 | 0.2 | |||||||||||
164,213,954 | 18.5 | |||||||||||||
Information Technology: 29.3% | ||||||||||||||
13,100 | (1) | 2U, Inc. | 651,332 | 0.1 | ||||||||||
86,000 | Amphenol Corp. | 6,967,720 | 0.8 | |||||||||||
11,100 | (1) | ANSYS, Inc. | 1,586,634 | 0.2 | ||||||||||
83,979 | (1) | Atlassian Corp. PLC | 7,472,451 | 0.8 | ||||||||||
41,200 | (1) | Autodesk, Inc. | 5,298,732 | 0.6 | ||||||||||
105,970 | (1) | Black Knight, Inc. | 4,775,008 | 0.5 | ||||||||||
117,164 | Booz Allen Hamilton Holding Corp. | 5,280,581 | 0.6 | |||||||||||
77,900 | (1) | Cadence Design Systems, Inc. | 3,387,092 | 0.4 | ||||||||||
70,200 | CDK Global, Inc. | 3,361,176 | 0.4 | |||||||||||
64,200 | CDW Corp. | 5,203,410 | 0.6 | |||||||||||
12,817 | (1) | Ceridian HCM Holding, Inc. | 442,058 | 0.1 | ||||||||||
40,000 | Cognex Corp. | 1,546,800 | 0.2 | |||||||||||
22,020 | (1) | Coherent, Inc. | 2,327,734 | 0.3 | ||||||||||
79,700 | (1) | CoreLogic, Inc. | 2,663,574 | 0.3 | ||||||||||
116,500 | Corning, Inc. | 3,519,465 | 0.4 | |||||||||||
15,000 | (1) | Coupa Software, Inc. | 942,900 | 0.1 | ||||||||||
19,353 | (1) | DocuSign, Inc. | 775,668 | 0.1 | ||||||||||
51,726 | (1) | Dropbox, Inc. | 1,056,762 | 0.1 | ||||||||||
18,600 | (1),(2) | Ellie Mae, Inc. | 1,168,638 | 0.1 | ||||||||||
133,100 | Entegris, Inc. | 3,712,825 | 0.4 | |||||||||||
16,500 | (1) | EPAM Systems, Inc. | 1,914,165 | 0.2 | ||||||||||
21,900 | (1) | Euronet Worldwide, Inc. | 2,242,122 | 0.3 | ||||||||||
71,400 | Fidelity National Information Services, Inc. | 7,322,070 | 0.8 | |||||||||||
108,600 | (1) | Fiserv, Inc. | 7,981,014 | 0.9 | ||||||||||
34,400 | (1) | FleetCor Technologies, Inc. | 6,388,768 | 0.7 | ||||||||||
17,200 | Flir Systems, Inc. | 748,888 | 0.1 | |||||||||||
28,600 | (1) | Fortinet, Inc. | 2,014,298 | 0.2 | ||||||||||
47,600 | (1) | Gartner, Inc. | 6,085,184 | 0.7 | ||||||||||
53,100 | Genpact Ltd. | 1,433,169 | 0.2 | |||||||||||
64,300 | Global Payments, Inc. | 6,631,259 | 0.8 | |||||||||||
53,100 | (1) | GoDaddy, Inc. | 3,484,422 | 0.4 | ||||||||||
52,300 | (1) | Guidewire Software, Inc. | 4,196,029 | 0.5 | ||||||||||
11,000 | (1) | IPG Photonics Corp. | 1,246,190 | 0.1 | ||||||||||
87,650 | (1) | Keysight Technologies, Inc. | 5,441,312 | 0.6 | ||||||||||
60,100 | KLA-Tencor Corp. | 5,378,349 | 0.6 | |||||||||||
26,800 | Lam Research Corp. | 3,649,356 | 0.4 | |||||||||||
65,200 | Leidos Holdings, Inc. | 3,437,344 | 0.4 | |||||||||||
11,100 | Littelfuse, Inc. | 1,903,428 | 0.2 | |||||||||||
255,948 | Marvell Technology Group Ltd. | 4,143,798 | 0.5 | |||||||||||
142,600 | Maxim Integrated Products | 7,251,210 | 0.8 | |||||||||||
108,000 | (2) | Microchip Technology, Inc. | 7,767,360 | 0.9 | ||||||||||
24,000 | Monolithic Power Systems, Inc. | 2,790,000 | 0.3 | |||||||||||
36,700 | Motorola Solutions, Inc. | 4,221,968 | 0.5 | |||||||||||
18,300 | (1) | Okta, Inc. | 1,167,540 | 0.1 | ||||||||||
24,600 | (1) | Palo Alto Networks, Inc. | 4,633,410 | 0.5 | ||||||||||
32,100 | Paychex, Inc. | 2,091,315 | 0.2 | |||||||||||
9,800 | (1) | Paycom Software, Inc. | 1,200,010 | 0.1 | ||||||||||
74,631 | (1) | Pivotal Software, Inc. | 1,220,217 | 0.1 | ||||||||||
25,900 | (1) | Proofpoint, Inc. | 2,170,679 | 0.2 | ||||||||||
101,269 | (1) | Pure Storage, Inc. | 1,628,406 | 0.2 | ||||||||||
40,567 | (1) | RealPage, Inc. | 1,954,924 | 0.2 | ||||||||||
24,900 | (1) | Red Hat, Inc. | 4,373,436 | 0.5 | ||||||||||
127,900 | Sabre Corp. | 2,767,756 | 0.3 | |||||||||||
45,500 | (1) | ServiceNow, Inc. | 8,101,275 | 0.9 | ||||||||||
15,600 | (1) | Shopify, Inc. | 2,159,820 | 0.2 | ||||||||||
98,700 | Skyworks Solutions, Inc. | 6,614,874 | 0.8 | |||||||||||
48,700 | (1) | Splunk, Inc. | 5,106,195 | 0.6 | ||||||||||
116,235 | SS&C Technologies Holdings, Inc. | 5,243,361 | 0.6 | |||||||||||
34,597 | (1) | StoneCo Ltd. | 637,969 | 0.1 | ||||||||||
129,200 | Symantec Corp. | 2,441,234 | 0.3 | |||||||||||
44,900 | (1) | Synopsys, Inc. | 3,782,376 | 0.4 | ||||||||||
34,819 | (1) | Tableau Software, Inc. | 4,178,280 | 0.5 | ||||||||||
18,500 | (1) | Twilio, Inc. | 1,652,050 | 0.2 | ||||||||||
16,700 | (1) | Tyler Technologies, Inc. | 3,103,194 | 0.4 | ||||||||||
19,200 | (1) | Ultimate Software Group, Inc. | 4,701,504 | 0.5 |
See Accompanying Notes to Financial Statements
27 |
VY®T. Rowe Price Diversified Mid Cap Growth Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
31,900 | (1) | VeriSign, Inc. | 4,730,451 | 0.5 | ||||||||||
20,999 | (1) | WEX, Inc. | 2,941,120 | 0.3 | ||||||||||
45,447 | (1) | Workday, Inc. | 7,256,977 | 0.8 | ||||||||||
94,300 | (1) | Worldpay, Inc. | 7,207,349 | 0.8 | ||||||||||
61,800 | Xilinx, Inc. | 5,263,506 | 0.6 | |||||||||||
32,400 | (1) | Zendesk, Inc. | 1,891,188 | 0.2 | ||||||||||
260,032,679 | 29.3 | |||||||||||||
Materials: 4.4% | ||||||||||||||
16,500 | Air Products & Chemicals, Inc. | 2,640,825 | 0.3 | |||||||||||
28,900 | Avery Dennison Corp. | 2,596,087 | 0.3 | |||||||||||
55,500 | (1) | Axalta Coating Systems Ltd. | 1,299,810 | 0.1 | ||||||||||
160,400 | Ball Corp. | 7,375,192 | 0.8 | |||||||||||
25,100 | Celanese Corp. | 2,258,247 | 0.3 | |||||||||||
42,800 | CF Industries Holdings, Inc. | 1,862,228 | 0.2 | |||||||||||
24,100 | Eagle Materials, Inc. | 1,470,823 | 0.2 | |||||||||||
44,900 | International Paper Co. | 1,812,164 | 0.2 | |||||||||||
26,100 | PPG Industries, Inc. | 2,668,203 | 0.3 | |||||||||||
58,300 | RPM International, Inc. | 3,426,874 | 0.4 | |||||||||||
67,300 | Sealed Air Corp. | 2,344,732 | 0.3 | |||||||||||
86,829 | Valvoline, Inc. | 1,680,141 | 0.2 | |||||||||||
58,200 | Vulcan Materials Co. | 5,750,160 | 0.6 | |||||||||||
76,600 | Wheaton Precious Metals Corp. | 1,495,998 | 0.2 | |||||||||||
38,681,484 | 4.4 | |||||||||||||
Real Estate: 2.3% | ||||||||||||||
33,195 | American Campus Communities, Inc. | 1,373,941 | 0.1 | |||||||||||
55,900 | CubeSmart | 1,603,771 | 0.2 | |||||||||||
4,115 | Equinix, Inc. | 1,450,784 | 0.2 | |||||||||||
10,300 | Federal Realty Investment Trust | 1,215,812 | 0.1 | |||||||||||
48,400 | Iron Mountain, Inc. | 1,568,644 | 0.2 | |||||||||||
14,000 | Jones Lang LaSalle, Inc. | 1,772,400 | 0.2 | |||||||||||
86,900 | MGM Growth Properties LLC | 2,295,029 | 0.3 | |||||||||||
37,650 | (1) | SBA Communications Corp. | 6,095,159 | 0.7 | ||||||||||
12,700 | SL Green Realty Corp. | 1,004,316 | 0.1 | |||||||||||
117,915 | Vereit, Inc. | 843,092 | 0.1 | |||||||||||
18,276 | (1),(3),(4) | WeWork Companies, Inc. - Class A | 946,880 | 0.1 | ||||||||||
20,169,828 | 2.3 | |||||||||||||
Utilities: 0.9% | ||||||||||||||
31,326 | American Water Works Co., Inc. | 2,843,461 | 0.3 | |||||||||||
36,300 | Atmos Energy Corp. | 3,365,736 | 0.4 | |||||||||||
59,900 | NiSource, Inc. | 1,518,465 | 0.2 | |||||||||||
7,727,662 | 0.9 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $712,618,308) | 872,405,011 | 98.3 | ||||||||||||
PREFERRED STOCK: 1.5% | ||||||||||||||
Communication Services: 0.5% | ||||||||||||||
32,391 | (1),(3),(4) | AirBNB, Inc. - Series D | 3,437,657 | 0.4 | ||||||||||
3,719 | (1),(3),(4) | AirBNB, Inc. - Series E | 394,697 | 0.1 | ||||||||||
3,832,354 | 0.5 | |||||||||||||
Information Technology: 0.4% | ||||||||||||||
58,160 | (1),(3),(4) | Slack Technologies, Inc., - Series H | 692,412 | 0.1 | ||||||||||
353,970 | (1),(3),(4) | Tanium, Inc. - Series G | 3,077,274 | 0.3 | ||||||||||
3,769,686 | 0.4 | |||||||||||||
Real Estate: 0.6% | ||||||||||||||
44,396 | (1),(3),(4) | WeWork Companies, Inc. - Series D-1 | 2,300,157 | 0.3 | ||||||||||
34,882 | (1),(3),(4) | WeWork Companies, Inc. - Series D-2 | 1,807,236 | 0.2 | ||||||||||
24,709 | (1),(3),(4) | WeWork Companies, Inc. - Series E | 1,280,173 | 0.1 | ||||||||||
5,387,566 | 0.6 | |||||||||||||
Total Preferred Stock | ||||||||||||||
(Cost $6,247,319) | 12,989,606 | 1.5 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $718,865,627) | 885,394,617 | 99.8 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 1.9% | ||||||||||||||
Securities Lending Collateral(5): 1.9% | ||||||||||||||
3,909,845 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $3,910,481, collateralized by various U.S. Government/U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $3,988,700, due 11/15/23-05/15/58) | 3,909,845 | 0.4 | |||||||||||
3,909,845 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $3,910,563, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $3,988,042, due 01/25/19-10/20/68) | 3,909,845 | 0.4 | |||||||||||
3,909,845 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $3,910,498, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $3,988,042, due 01/25/19-02/01/49) | 3,909,845 | 0.5 |
See Accompanying Notes to Financial Statements
28 |
VY®T. Rowe Price Diversified Mid Cap Growth Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
819,550 | Mizuho Securities USA LLC, Repurchase Agreement dated 12/31/18, 2.92%, due 01/02/19 (Repurchase Amount $819,681, collateralized by various U.S. Government Securities, 1.875%-2.625%, Market Value plus accrued interest $835,941, due 02/29/24-09/09/49) | 819,550 | 0.1 | |||||||||||
3,909,845 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $3,910,492, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $3,988,042, due 10/01/25-10/20/48) | 3,909,845 | 0.5 | |||||||||||
16,458,930 | 1.9 |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 0.0% | ||||||||||||||
823 | (6) | T. Rowe Price Government Reserve Fund, 2.400% | ||||||||||||
(Cost $823) | 823 | 0.0 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $16,459,753) | 16,459,753 | 1.9 | ||||||||||||
Total Investments in Securities (Cost $735,325,380) | $ | 901,854,370 | 101.7 | |||||||||||
Liabilities in Excess of Other Assets | (14,850,481 | ) | (1.7 | ) | ||||||||||
Net Assets | $ | 887,003,889 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
ADR | American Depositary Receipt |
(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 December 31, 2018, the Portfolio held restricted securities with a fair value of $17,077,286 or 1.9% of net assets. Please refer to the table below for additional details. |
(5) | Represents securities purchased with cash collateral received for securities on loan. |
(6) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
29 |
VY®T. Rowe Price Growth Equity Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 98.1% | ||||||||||||||
Communication Services: 16.9% | ||||||||||||||
155,300 | Activision Blizzard, Inc. | 7,232,321 | 0.4 | |||||||||||
50,550 | (1) | Alphabet, Inc. - Class A | 52,822,728 | 3.2 | ||||||||||
49,571 | (1) | Alphabet, Inc. - Class C | 51,336,223 | 3.1 | ||||||||||
179,161 | (1) | Electronic Arts, Inc. | 14,137,595 | 0.8 | ||||||||||
485,381 | (1) | Facebook, Inc.- Class A | 63,628,595 | 3.8 | ||||||||||
38,900 | (1) | IAC/InterActiveCorp | 7,120,256 | 0.4 | ||||||||||
90,373 | (1) | Netflix, Inc. | 24,189,237 | 1.5 | ||||||||||
950,900 | Tencent Holdings Ltd. | 38,112,405 | 2.3 | |||||||||||
3,251 | (1),(2),(3) | Uber Technologies, Inc. - Class A | 158,559 | 0.0 | ||||||||||
213,344 | Walt Disney Co. | 23,393,170 | 1.4 | |||||||||||
282,131,089 | 16.9 | |||||||||||||
Consumer Discretionary: 21.4% | ||||||||||||||
219,071 | (1) | Alibaba Group Holding Ltd. ADR | 30,028,062 | 1.8 | ||||||||||
95,451 | (1) | Amazon.com, Inc. | 143,364,538 | 8.6 | ||||||||||
19,248 | (1) | Booking Holdings, Inc. | 33,153,140 | 2.0 | ||||||||||
238,818 | Delphi Technologies PLC | 14,704,024 | 0.9 | |||||||||||
57,800 | Dollar General Corp. | 6,247,024 | 0.4 | |||||||||||
183,275 | (1) | Dollar Tree, Inc. | 16,553,398 | 1.0 | ||||||||||
325,715 | Dollarama, Inc. | 7,746,825 | 0.5 | |||||||||||
90,620 | (4) | Ferrari NV | 9,011,253 | 0.5 | ||||||||||
226,137 | Las Vegas Sands Corp. | 11,770,431 | 0.7 | |||||||||||
71,971 | McDonald's Corp. | 12,779,890 | 0.8 | |||||||||||
296,700 | MGM Resorts International | 7,197,942 | 0.4 | |||||||||||
256,398 | Nike, Inc. | 19,009,348 | 1.1 | |||||||||||
2,650 | (1) | NVR, Inc. | 6,458,024 | 0.4 | ||||||||||
75,942 | (1) | Tesla, Inc. | 25,273,498 | 1.5 | ||||||||||
143,781 | Wynn Resorts Ltd. | 14,221,379 | 0.8 | |||||||||||
357,518,776 | 21.4 | |||||||||||||
Consumer Staples: 1.0% | ||||||||||||||
246,385 | Philip Morris International, Inc. | 16,448,663 | 1.0 | |||||||||||
Financials: 5.6% | ||||||||||||||
1,134,411 | (1),(2),(3) | Ant International Co., Limited Class C | 6,364,046 | 0.4 | ||||||||||
488,600 | Charles Schwab Corp. | 20,291,558 | 1.2 | |||||||||||
102,885 | Chubb Ltd. | 13,290,684 | 0.8 | |||||||||||
159,229 | Intercontinental Exchange, Inc. | 11,994,721 | 0.7 | |||||||||||
73,817 | JPMorgan Chase & Co. | 7,206,015 | 0.4 | |||||||||||
249,300 | Morgan Stanley | 9,884,745 | 0.6 | |||||||||||
14,800 | S&P Global, Inc. | 2,515,112 | 0.2 | |||||||||||
445,580 | TD Ameritrade Holding Corp. | 21,815,597 | 1.3 | |||||||||||
93,362,478 | 5.6 | |||||||||||||
Health Care: 15.7% | ||||||||||||||
125,465 | (1) | Alexion Pharmaceuticals, Inc. | 12,215,272 | 0.7 | ||||||||||
92,987 | Anthem, Inc. | 24,421,176 | 1.5 | |||||||||||
144,061 | Becton Dickinson & Co. | 32,459,824 | 1.9 | |||||||||||
117,463 | (1) | Centene Corp. | 13,543,484 | 0.8 | ||||||||||
119,356 | Cigna Corp. | 22,668,092 | 1.4 | |||||||||||
41,100 | Eli Lilly & Co. | 4,756,092 | 0.3 | |||||||||||
34,749 | HCA Healthcare, Inc. | 4,324,513 | 0.3 | |||||||||||
22,100 | Humana, Inc. | 6,331,208 | 0.4 | |||||||||||
54,681 | (1) | Intuitive Surgical, Inc. | 26,187,825 | 1.6 | ||||||||||
199,044 | Stryker Corp. | 31,200,147 | 1.9 | |||||||||||
189,566 | UnitedHealth Group, Inc. | 47,224,682 | 2.8 | |||||||||||
155,665 | (1) | Vertex Pharmaceuticals, Inc. | 25,795,247 | 1.5 | ||||||||||
45,963 | (1) | WellCare Health Plans, Inc. | 10,851,405 | 0.6 | ||||||||||
261,978,967 | 15.7 | |||||||||||||
Industrials: 8.6% | ||||||||||||||
182,073 | Boeing Co. | 58,718,542 | 3.5 | |||||||||||
125,820 | Equifax, Inc. | 11,717,617 | 0.7 | |||||||||||
234,775 | Fortive Corp. | 15,884,876 | 0.9 | |||||||||||
57,400 | Honeywell International, Inc. | 7,583,688 | 0.5 | |||||||||||
57,000 | Northrop Grumman Corp. | 13,959,300 | 0.8 | |||||||||||
62,254 | Roper Technologies, Inc. | 16,591,936 | 1.0 | |||||||||||
246,270 | TransUnion | 13,988,136 | 0.8 | |||||||||||
88,738 | (4) | Wabtec Corp. | 6,233,845 | 0.4 | ||||||||||
144,677,940 | 8.6 | |||||||||||||
Information Technology: 26.2% | ||||||||||||||
77,732 | Apple, Inc. | 12,261,446 | 0.7 | |||||||||||
75,877 | ASML Holding NV-NY REG | 11,807,979 | 0.7 | |||||||||||
135,846 | Fidelity National Information Services, Inc. | 13,931,007 | 0.8 | |||||||||||
175,856 | (1) | Fiserv, Inc. | 12,923,657 | 0.8 | ||||||||||
113,538 | Intuit, Inc. | 22,349,955 | 1.3 | |||||||||||
246,562 | Mastercard, Inc. - Class A | 46,513,921 | 2.8 | |||||||||||
865,606 | Microsoft Corp. | 87,919,601 | 5.3 | |||||||||||
108,200 | Nvidia Corp. | 14,444,700 | 0.9 | |||||||||||
205,159 | (1) | PayPal Holdings, Inc. | 17,251,820 | 1.0 | ||||||||||
128,784 | (1) | Red Hat, Inc. | 22,619,622 | 1.3 | ||||||||||
165,174 | (1) | Salesforce.com, Inc. | 22,623,883 | 1.4 | ||||||||||
56,678 | (1) | ServiceNow, Inc. | 10,091,518 | 0.6 | ||||||||||
95,900 | (1) | Splunk, Inc. | 10,055,115 | 0.6 | ||||||||||
1,118,784 | Symantec Corp. | 21,139,424 | 1.3 | |||||||||||
437,634 | Visa, Inc. - Class A | 57,741,430 | 3.5 | |||||||||||
107,367 | VMware, Inc. | 14,723,237 | 0.9 | |||||||||||
107,740 | (1) | Workday, Inc. | 17,203,923 | 1.0 | ||||||||||
287,137 | (1) | Worldpay, Inc. | 21,945,881 | 1.3 | ||||||||||
437,548,119 | 26.2 | |||||||||||||
Materials: 0.7% | ||||||||||||||
221,300 | DowDuPont, Inc. | 11,835,124 | 0.7 | |||||||||||
Real Estate: 0.5% | ||||||||||||||
76,318 | Crown Castle International Corp. | 8,290,424 | 0.5 | |||||||||||
1,800 | (1),(2),(3) | WeWork Companies, Inc. - Class A | 93,258 | 0.0 | ||||||||||
8,383,682 | 0.5 | |||||||||||||
Utilities: 1.5% | ||||||||||||||
28,222 | American Water Works Co., Inc. | 2,561,711 | 0.2 | |||||||||||
43,200 | NextEra Energy, Inc. | 7,509,024 | 0.4 |
See Accompanying Notes to Financial Statements
30 |
VY®T. Rowe Price Growth Equity Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
133,478 | Sempra Energy | 14,440,985 | 0.9 | |||||||||||
24,511,720 | 1.5 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $1,387,081,871) | 1,638,396,558 | 98.1 | ||||||||||||
PREFERRED STOCK: 1.3% | ||||||||||||||
Communication Services: 0.9% | ||||||||||||||
59,241 | (1),(2),(3) | AirBNB, Inc. - Series D | 6,287,247 | 0.4 | ||||||||||
16,058 | (1),(2),(3) | AirBNB, Inc. - Series E | 1,704,235 | 0.1 | ||||||||||
464 | (1),(2),(3) | Uber Technologies, Inc. - Series A | 22,630 | 0.0 | ||||||||||
1,243 | (1),(2),(3) | Uber Technologies, Inc. - Series B | 60,624 | 0.0 | ||||||||||
329 | (1),(2),(3) | Uber Technologies, Inc. - Series C-1 | 16,046 | 0.0 | ||||||||||
266 | (1),(2),(3) | Uber Technologies, Inc. - Series C-2 | 12,973 | 0.0 | ||||||||||
3 | (1),(2),(3) | Uber Technologies, Inc. - Series C-3 | 146 | 0.0 | ||||||||||
296 | (1),(2),(3) | Uber Technologies, Inc. - Series D | 14,437 | 0.0 | ||||||||||
142 | (1),(2),(3) | Uber Technologies, Inc. - Series E | 6,926 | 0.0 | ||||||||||
73,385 | (1),(2),(3) | Uber Technologies, Inc. - Series G | 3,579,150 | 0.2 | ||||||||||
713 | (1),(2),(3) | Uber Technologies, Inc. - Series G-1 | 34,775 | 0.0 | ||||||||||
1,187 | (1),(2),(3) | Uber Technologies, Inc. - Series Seed | 57,893 | 0.0 | ||||||||||
68,026 | (1),(2),(3) | Xiaoju Kuaizhi, Inc., Series A-17 (DiDi Chuxing, Inc.) | 3,190,419 | 0.2 | ||||||||||
14,987,501 | 0.9 | |||||||||||||
Information Technology: 0.3% | ||||||||||||||
93,459 | (1),(2),(3) | Magic Leap, Inc. - Series C | 2,523,393 | 0.2 | ||||||||||
61,969 | (1),(2),(3) | Magic Leap, Inc. - Series D | 1,673,163 | 0.1 | ||||||||||
4,196,556 | 0.3 | |||||||||||||
Real Estate: 0.1% | ||||||||||||||
45,554 | (1),(2),(3) | WeWork Companies, Inc. - Series E | 2,360,153 | 0.1 | ||||||||||
Total Preferred Stock | ||||||||||||||
(Cost $14,840,031) | 21,544,210 | 1.3 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
CONVERTIBLE BONDS/NOTES: 0.2% | ||||||||||||||
Consumer, Cyclical: 0.2% | ||||||||||||||
2,259,785 | Caesars Entertainment Corp., 5.000%, 10/01/2024 | 2,810,644 | 0.2 | |||||||||||
Total Convertible Bonds/Notes | ||||||||||||||
(Cost $4,204,151) | 2,810,644 | 0.2 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $1,406,126,053) | 1,662,751,412 | 99.6 | ||||||||||||
SHORT-TERM INVESTMENTS: 0.5% | ||||||||||||||
Securities Lending Collateral(5): 0.5% | ||||||||||||||
438,848 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.95%, due 01/02/19 (Repurchase Amount $438,919, collateralized by various U.S. Government Securities, 0.000%-8.750%, Market Value plus accrued interest $447,698, due 01/08/19-09/09/49) | 438,848 | 0.1 | |||||||||||
2,091,026 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $2,091,410, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $2,132,847, due 01/25/19-10/20/68) | 2,091,026 | 0.1 | |||||||||||
2,091,026 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $2,091,375, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $2,132,846, due 01/25/19-02/01/49) | 2,091,026 | 0.1 | |||||||||||
2,091,026 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $2,091,372, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $2,132,847, due 10/01/25-10/20/48) | 2,091,026 | 0.1 |
See Accompanying Notes to Financial Statements
31 |
VY®T. Rowe Price Growth Equity Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
2,091,026 | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/18, 3.37%, due 01/02/19 (Repurchase Amount $2,091,412, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $2,132,880, due 07/15/20-02/15/47) | 2,091,026 | 0.1 | |||||||||||
8,802,952 | 0.5 |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 0.0% | ||||||||||||||
5,723 | (6) | T. Rowe Price Government Reserve Fund, 2.400% | ||||||||||||
(Cost $5,723) | 5,723 | 0.0 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $8,808,675) | 8,808,675 | 0.5 | ||||||||||||
Total Investments in Securities (Cost $1,414,934,728) | $ | 1,671,560,087 | 100.1 | |||||||||||
Liabilities in Excess of Other Assets | (1,167,107 | ) | (0.1 | ) | ||||||||||
Net Assets | $ | 1,670,392,980 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
ADR | American Depositary Receipt |
(1) | Non-income producing security. |
(2) | For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs. |
(3) | Restricted security as to resale, excluding Rule 144A securities. As of December 31, 2018, the Portfolio held restricted securities with a fair value of $28,160,073 or 1.7% of net assets. Please refer to the table below for additional details. |
(4) | Security, or a portion of the security, is on loan. |
(5) | Represents securities purchased with cash collateral received for securities on loan. |
(6) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
32 |
VY®Templeton Foreign Equity Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 95.9% | ||||||||||||||
Canada: 1.8% | ||||||||||||||
509,310 | Alamos Gold, Inc. | 1,833,516 | 0.4 | |||||||||||
332,200 | Husky Energy, Inc. | 3,433,447 | 0.7 | |||||||||||
167,500 | Wheaton Precious Metals Corp. | 3,269,759 | 0.7 | |||||||||||
8,536,722 | 1.8 | |||||||||||||
China: 7.1% | ||||||||||||||
26,610 | (1) | Baidu, Inc. ADR | 4,220,346 | 0.9 | ||||||||||
2,585,000 | China Life Insurance Co., Ltd. - H Shares | 5,466,614 | 1.1 | |||||||||||
729,000 | China Mobile Ltd. | 7,054,239 | 1.5 | |||||||||||
21,246,000 | China Telecom Corp., Ltd. - H Shares | 10,885,747 | 2.3 | |||||||||||
12,000 | NetEase, Inc. ADR | 2,824,440 | 0.6 | |||||||||||
750,800 | Sinopharm Group Co. - H Shares | 3,161,060 | 0.7 | |||||||||||
33,612,446 | 7.1 | |||||||||||||
Denmark: 1.7% | ||||||||||||||
106,420 | Vestas Wind Systems A/S | 8,055,851 | 1.7 | |||||||||||
France: 10.9% | ||||||||||||||
294,784 | AXA S.A. | 6,362,007 | 1.3 | |||||||||||
217,559 | BNP Paribas | 9,825,137 | 2.1 | |||||||||||
134,859 | Cie de Saint-Gobain | 4,476,851 | 0.9 | |||||||||||
47,171 | Cie Generale des Etablissements Michelin SCA | 4,642,904 | 1.0 | |||||||||||
189,809 | Credit Agricole SA | 2,042,808 | 0.4 | |||||||||||
120,056 | Sanofi | 10,414,858 | 2.2 | |||||||||||
132,509 | Total SA | 6,989,210 | 1.5 | |||||||||||
349,060 | Veolia Environnement | 7,148,480 | 1.5 | |||||||||||
51,902,255 | 10.9 | |||||||||||||
Germany: 10.0% | ||||||||||||||
94,795 | Bayer AG | 6,592,883 | 1.4 | |||||||||||
772,365 | E.ON AG | 7,624,274 | 1.6 | |||||||||||
336,555 | Infineon Technologies AG | 6,738,400 | 1.4 | |||||||||||
96,477 | LANXESS AG | 4,435,674 | 1.0 | |||||||||||
83,268 | Merck KGaA | 8,570,999 | 1.8 | |||||||||||
69,071 | Siemens AG | 7,708,442 | 1.6 | |||||||||||
1,458,054 | Telefonica Deutschland Holding AG | 5,738,791 | 1.2 | |||||||||||
47,409,463 | 10.0 | |||||||||||||
Hong Kong: 3.6% | ||||||||||||||
731,300 | AIA Group Ltd. | 6,074,773 | 1.3 | |||||||||||
583,140 | CK Asset Holdings Ltd. | 4,266,591 | 0.9 | |||||||||||
228,400 | CK Hutchison Holdings Ltd. ADR | 2,165,232 | 0.4 | |||||||||||
485,640 | CK Hutchison Holdings Ltd. | 4,661,275 | 1.0 | |||||||||||
17,167,871 | 3.6 | |||||||||||||
India: 2.5% | ||||||||||||||
413,798 | Housing Development Finance Corp. | 11,658,465 | 2.5 | |||||||||||
Ireland: 1.1% | ||||||||||||||
917,465 | Bank of Ireland Group PLC | 5,102,693 | 1.1 | |||||||||||
Israel: 1.5% | ||||||||||||||
469,658 | Teva Pharmaceutical Industries Ltd. ADR | 7,242,126 | 1.5 | |||||||||||
Italy: 2.4% | ||||||||||||||
521,458 | ENI S.p.A. | 8,237,588 | 1.7 | |||||||||||
272,721 | UniCredit SpA | 3,089,087 | 0.7 | |||||||||||
11,326,675 | 2.4 | |||||||||||||
Japan: 11.6% | ||||||||||||||
573,700 | Astellas Pharma, Inc. | 7,329,953 | 1.6 | |||||||||||
72,400 | IHI Corp. | 1,994,016 | 0.4 | |||||||||||
277,700 | Mitsui Fudosan Co., Ltd. | 6,168,247 | 1.3 | |||||||||||
97,400 | Omron Corp. | 3,530,934 | 0.7 | |||||||||||
560,600 | Panasonic Corp. | 5,036,107 | 1.1 | |||||||||||
17,100 | Ryohin Keikaku Co., Ltd. | 4,151,584 | 0.9 | |||||||||||
146,800 | Seven & I Holdings Co., Ltd. | 6,379,210 | 1.3 | |||||||||||
30,600 | SoftBank Group Corp. | 2,004,275 | 0.4 | |||||||||||
71,800 | Sumitomo Metal Mining Co., Ltd. | 1,922,766 | 0.4 | |||||||||||
104,800 | Sumitomo Mitsui Financial Group, Inc. | 3,454,739 | 0.7 | |||||||||||
202,900 | Sumitomo Rubber Industries, Inc. | 2,388,718 | 0.5 | |||||||||||
240,400 | Suntory Beverage & Food Ltd. | 10,854,686 | 2.3 | |||||||||||
55,215,235 | 11.6 | |||||||||||||
Luxembourg: 1.6% | ||||||||||||||
392,554 | SES S.A. - Luxembourg | 7,515,892 | 1.6 | |||||||||||
Netherlands: 6.1% | ||||||||||||||
35,522 | Akzo Nobel NV | 2,860,733 | 0.6 | |||||||||||
60,400 | NXP Semiconductor NV - NXPI - US | 4,426,112 | 1.0 | |||||||||||
145,314 | (1) | QIAGEN NV | 4,965,494 | 1.0 | ||||||||||
424,584 | Royal Dutch Shell PLC - Class B | 12,693,997 | 2.7 | |||||||||||
257,196 | SBM Offshore NV | 3,800,191 | 0.8 | |||||||||||
28,746,527 | 6.1 | |||||||||||||
Norway: 1.0% | ||||||||||||||
126,013 | Yara International ASA | 4,857,720 | 1.0 | |||||||||||
Singapore: 1.5% | ||||||||||||||
3,347,000 | Singapore Telecommunications Ltd. | 7,203,529 | 1.5 | |||||||||||
South Korea: 5.0% | ||||||||||||||
132,540 | Hana Financial Group, Inc. | 4,310,576 | 0.9 | |||||||||||
139,280 | (1),(2) | KB Financial Group, Inc. ADR | 5,846,974 | 1.2 | ||||||||||
15,480 | Samsung Electronics Co., Ltd. GDR | 13,413,825 | 2.9 | |||||||||||
23,571,375 | 5.0 | |||||||||||||
Sweden: 0.6% | ||||||||||||||
322,994 | Getinge AB | 2,920,718 | 0.6 |
See Accompanying Notes to Financial Statements
33 |
VY®Templeton Foreign Equity Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Switzerland: 6.3% | ||||||||||||||
40,890 | (2) | Landis+Gyr Group AG | 2,302,774 | 0.5 | ||||||||||
91,997 | Novartis AG | 7,879,016 | 1.6 | |||||||||||
43,811 | Roche Holding AG | 10,876,469 | 2.3 | |||||||||||
723,297 | UBS Group AG | 9,021,860 | 1.9 | |||||||||||
30,080,119 | 6.3 | |||||||||||||
Taiwan: 1.3% | ||||||||||||||
885,251 | Taiwan Semiconductor Manufacturing Co., Ltd. | 6,428,014 | 1.3 | |||||||||||
Thailand: 1.5% | ||||||||||||||
1,110,400 | Bangkok Bank PCL - Foreign Reg | 7,067,730 | 1.5 | |||||||||||
United Kingdom: 16.8% | ||||||||||||||
508,214 | BAE Systems PLC | 2,972,471 | 0.6 | |||||||||||
2,106,820 | BP PLC | 13,318,657 | 2.8 | |||||||||||
2,859,581 | (1) | Cobham PLC | 3,565,350 | 0.8 | ||||||||||
217,734 | CRH PLC - London | 5,763,831 | 1.2 | |||||||||||
927,600 | HSBC Holdings PLC (HKD) | 7,653,995 | 1.6 | |||||||||||
164,170 | Johnson Matthey PLC | 5,861,797 | 1.3 | |||||||||||
1,619,746 | Kingfisher PLC | 4,258,784 | 0.9 | |||||||||||
254,346 | Shire PLC | 14,799,782 | 3.1 | |||||||||||
1,534,087 | Standard Chartered PLC | 11,922,411 | 2.5 | |||||||||||
175,214 | Travis Perkins PLC | 2,388,724 | 0.5 | |||||||||||
3,653,591 | Vodafone Group PLC | 7,103,640 | 1.5 | |||||||||||
79,609,442 | 16.8 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $435,815,266) | 455,230,868 | 95.9 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 3.7% | ||||||||||||||
U.S. Government Agency Obligations: 2.4% | ||||||||||||||
11,600,000 | Federal Home Loan Bank Discount Notes, 2.150%, 01/02/2019 | |||||||||||||
(Cost $11,599,307) | 11,600,000 | 2.4 | ||||||||||||
Securities Lending Collateral(3): 0.9% | ||||||||||||||
1,064,597 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $1,064,792, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $1,085,889, due 01/25/19-10/20/68) | 1,064,597 | 0.2 | |||||||||||
1,064,597 | Daiwa Capital Markets, Repurchase Agreement dated 12/31/18, 3.05%, due 01/02/19 (Repurchase Amount $1,064,775, collateralized by various U.S. Government Agency Obligations, 2.000%-6.500%, Market Value plus accrued interest $1,085,889, due 01/25/19-02/01/49) | 1,064,597 | 0.2 | |||||||||||
223,630 | Mizuho Securities USA LLC, Repurchase Agreement dated 12/31/18, 2.92%, due 01/02/19 (Repurchase Amount $223,666, collateralized by various U.S. Government Securities, 1.875%-2.625%, Market Value plus accrued interest $228,103, due 02/29/24-09/09/49) | 223,630 | 0.1 | |||||||||||
1,064,597 | Nomura Securities, Repurchase Agreement dated 12/31/18, 3.00%, due 01/02/19 (Repurchase Amount $1,064,772, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-7.500%, Market Value plus accrued interest $1,085,889, due 01/03/19-11/20/68) | 1,064,597 | 0.2 | |||||||||||
1,064,597 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $1,064,773, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $1,085,889, due 10/01/25-10/20/48) | 1,064,597 | 0.2 | |||||||||||
4,482,018 | 0.9 |
See Accompanying Notes to Financial Statements
34 |
VY®Templeton Foreign Equity Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 0.4% | ||||||||||||||
1,733,077 | (4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $1,733,077) | 1,733,077 | 0.4 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $17,814,402) | 17,815,095 | 3.7 | ||||||||||||
Total Investments in Securities (Cost $453,629,668) | $ | 473,045,963 | 99.6 | |||||||||||
Assets in Excess of Other Liabilities | 1,789,419 | 0.4 | ||||||||||||
Net Assets | $ | 474,835,382 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
(1) | Non-income producing security. |
(2) | Security, or a portion of the security, is on loan. |
(3) | Represents securities purchased with cash collateral received for securities on loan. |
(4) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
35 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
CORPORATE BONDS/NOTES: 23.0% | ||||||||||||||
Brazil: 0.5% | ||||||||||||||
900,000 | Petrobras Global Finance BV, 8.750%, 05/23/2026 | 1,011,150 | 0.5 | |||||||||||
Canada: 0.6% | ||||||||||||||
215,000 | (1) | 1011778 BC ULC / New Red Finance, Inc., 5.000%, 10/15/2025 | 198,338 | 0.1 | ||||||||||
191,000 | Cenovus Energy, Inc., 4.250%, 04/15/2027 | 174,356 | 0.1 | |||||||||||
300,000 | Fortis, Inc./Canada, 3.055%, 10/04/2026 | 274,476 | 0.1 | |||||||||||
324,000 | Goldcorp, Inc., 3.700%, 03/15/2023 | 322,111 | 0.2 | |||||||||||
205,000 | Teck Resources Ltd., 6.000%, 08/15/2040 | 191,675 | 0.1 | |||||||||||
1,160,956 | 0.6 | |||||||||||||
China: 0.3% | ||||||||||||||
601,000 | Alibaba Group Holding Ltd., 3.600%, 11/28/2024 | 588,312 | 0.3 | |||||||||||
France: 0.5% | ||||||||||||||
572,000 | (1) | BNP Paribas SA, 3.500%, 03/01/2023 | 555,060 | 0.3 | ||||||||||
287,000 | (1) | BPCE SA, 5.150%, 07/21/2024 | 288,513 | 0.1 | ||||||||||
226,000 | (1) | Electricite de France SA, 2.350%, 10/13/2020 | 222,782 | 0.1 | ||||||||||
1,066,355 | 0.5 | |||||||||||||
Guernsey: 0.3% | ||||||||||||||
716,000 | Credit Suisse Group Funding Guernsey Ltd., 2.750%, 03/26/2020 | 708,395 | 0.3 | |||||||||||
Ireland: 0.3% | ||||||||||||||
282,000 | GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/2035 | 237,916 | 0.1 | |||||||||||
370,000 | Shire Acquisitions Investments Ireland DAC, 3.200%, 09/23/2026 | 335,558 | 0.2 | |||||||||||
573,474 | 0.3 | |||||||||||||
Israel: 0.1% | ||||||||||||||
225,000 | Teva Pharmaceutical Finance Netherlands III BV, 2.800%, 07/21/2023 | 193,969 | 0.1 | |||||||||||
Italy: 0.1% | ||||||||||||||
180,000 | Telecom Italia Capital SA, 7.721%, 06/04/2038 | 179,663 | 0.1 | |||||||||||
Japan: 0.8% | ||||||||||||||
200,000 | (1) | Mizuho Bank Ltd., 3.200%, 03/26/2025 | 193,722 | 0.1 | ||||||||||
790,000 | (1) | MUFG Bank Ltd, 2.300%, 03/05/2020 | 782,548 | 0.4 | ||||||||||
639,000 | Sumitomo Mitsui Financial Group, Inc., 3.784%, 03/09/2026 | 633,538 | 0.3 | |||||||||||
1,609,808 | 0.8 | |||||||||||||
Luxembourg: 0.1% | ||||||||||||||
185,000 | (1) | Dana Financing Luxembourg Sarl, 6.500%, 06/01/2026 | 178,294 | 0.1 | ||||||||||
Mexico: 0.0% | ||||||||||||||
MXN | 1,007,437 | (2),(3) | Banco Invex SA / Hipotecaria Credito y Casa SA de CV, 6.450%, 03/13/2034 | – | – | |||||||||
MXN | 73,299 | (2) | JPMorgan Hipotecaria su Casita, 6.100%, 09/25/2035 | 3,720 | 0.0 | |||||||||
3,720 | 0.0 | |||||||||||||
Netherlands: 0.9% | ||||||||||||||
170,000 | ArcelorMittal, 7.000%, 10/15/2039 | 179,629 | 0.1 | |||||||||||
269,000 | Cooperatieve Rabobank UA, 4.500%, 01/11/2021 | 275,402 | 0.2 | |||||||||||
690,000 | Shell International Finance BV, 3.250%, 05/11/2025 | 681,251 | 0.3 | |||||||||||
361,000 | Shell International Finance BV, 4.000%, 05/10/2046 | 349,966 | 0.2 | |||||||||||
300,000 | (1) | Siemens Financieringsmaatschappij NV, 2.350%, 10/15/2026 | 273,757 | 0.1 | ||||||||||
1,760,005 | 0.9 |
See Accompanying Notes to Financial Statements
36 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
Norway: 0.2% | ||||||||||||||
380,000 | Equinor ASA, 2.450%, 01/17/2023 | 369,406 | 0.2 | |||||||||||
South Africa: 0.0% | ||||||||||||||
ZAR | 1,000,000 | Transnet SOC Ltd., 10.800%, 11/06/2023 | 72,549 | 0.0 | ||||||||||
Sweden: 0.1% | ||||||||||||||
298,000 | (1),(4) | Nordea Bank ABP, 5.500%, 12/31/2199 | 291,295 | 0.1 | ||||||||||
Switzerland: 0.3% | ||||||||||||||
400,000 | (1) | Credit Suisse AG, 6.500%, 08/08/2023 | 418,254 | 0.2 | ||||||||||
250,000 | UBS AG/Stamford CT, 7.625%, 08/17/2022 | 266,875 | 0.1 | |||||||||||
685,129 | 0.3 | |||||||||||||
United Kingdom: 1.1% | ||||||||||||||
283,000 | Aon PLC, 2.800%, 03/15/2021 | 280,057 | 0.1 | |||||||||||
200,000 | (1) | Reckitt Benckiser Treasury Services PLC, 3.000%, 06/26/2027 | 186,154 | 0.1 | ||||||||||
1,002,000 | Santander UK PLC, 2.375%, 03/16/2020 | 991,105 | 0.5 | |||||||||||
602,000 | (1) | Standard Chartered PLC, 4.300%, 02/19/2027 | 566,176 | 0.3 | ||||||||||
230,000 | (1) | Standard Chartered PLC, 5.300%, 01/09/2043 | 218,320 | 0.1 | ||||||||||
2,241,812 | 1.1 | |||||||||||||
United States: 16.8% | ||||||||||||||
300,000 | 21st Century Fox America, Inc., 5.400%, 10/01/2043 | 347,910 | 0.2 | |||||||||||
150,000 | AbbVie, Inc., 3.600%, 05/14/2025 | 144,143 | 0.1 | |||||||||||
321,000 | AbbVie, Inc., 4.300%, 05/14/2036 | 287,531 | 0.1 | |||||||||||
205,000 | AECOM, 5.125%, 03/15/2027 | 176,300 | 0.1 | |||||||||||
53,000 | Aetna, Inc., 2.800%, 06/15/2023 | 50,452 | 0.0 | |||||||||||
459,000 | American International Group, Inc., 4.500%, 07/16/2044 | 411,326 | 0.2 | |||||||||||
210,000 | AMC Entertainment Holdings, Inc., 5.875%, 11/15/2026 | 180,600 | 0.1 | |||||||||||
210,000 | AMC Networks, Inc., 4.750%, 08/01/2025 | 191,100 | 0.1 | |||||||||||
71,480 | American Airlines 2016-1 Class B Pass Through Trust, 5.250%, 07/15/2025 | 73,731 | 0.0 | |||||||||||
300,000 | Amgen, Inc., 3.200%, 11/02/2027 | 282,526 | 0.1 | |||||||||||
70,000 | Andeavor Logistics L.P. / Tesoro Logistics Finance Corp., 5.250%, 01/15/2025 | 71,342 | 0.0 | |||||||||||
150,000 | (1) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 3.650%, 02/01/2026 | 141,917 | 0.1 | ||||||||||
170,000 | (1) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, 02/01/2046 | 158,199 | 0.1 | ||||||||||
211,000 | Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/2021 | 207,497 | 0.1 | |||||||||||
130,000 | Anheuser-Busch InBev Worldwide, Inc., 4.000%, 04/13/2028 | 124,661 | 0.1 | |||||||||||
301,000 | AT&T, Inc., 4.300%, 02/15/2030 | 285,251 | 0.1 | |||||||||||
299,000 | AT&T, Inc., 5.150%, 03/15/2042 | 280,541 | 0.1 | |||||||||||
430,000 | AT&T, Inc., 5.450%, 03/01/2047 | 421,999 | 0.2 | |||||||||||
368,000 | Bank of America Corp., 3.300%, 01/11/2023 | 362,611 | 0.2 | |||||||||||
616,000 | (4) | Bank of America Corp., 3.419%, 12/20/2028 | 576,433 | 0.3 | ||||||||||
458,000 | Bank of America Corp., 4.100%, 07/24/2023 | 464,472 | 0.2 | |||||||||||
412,000 | Bank of New York Mellon Corp., 2.050%, 05/03/2021 | 402,243 | 0.2 | |||||||||||
530,000 | BP Capital Markets America, Inc., 3.216%, 11/28/2023 | 522,669 | 0.3 | |||||||||||
220,000 | (1) | Brink's Co/The, 4.625%, 10/15/2027 | 201,351 | 0.1 | ||||||||||
215,000 | (1) | Caesars Resort Collection LLC / CRC Finco, Inc., 5.250%, 10/15/2025 | 185,437 | 0.1 | ||||||||||
215,000 | (1) | Calpine Corp., 5.250%, 06/01/2026 | 196,994 | 0.1 | ||||||||||
395,000 | CBRE Services, Inc., 5.250%, 03/15/2025 | 412,168 | 0.2 | |||||||||||
216,000 | CBS Corp., 3.700%, 08/15/2024 | 210,149 | 0.1 | |||||||||||
60,000 | (1) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 05/01/2027 | 56,034 | 0.0 | ||||||||||
563,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/2022 | 568,825 | 0.3 | |||||||||||
205,000 | Chemours Co/The, 5.375%, 05/15/2027 | 185,525 | 0.1 | |||||||||||
265,000 | Citigroup, Inc., 4.125%, 07/25/2028 | 249,128 | 0.1 | |||||||||||
579,000 | Citigroup, Inc., 4.000%, 08/05/2024 | 572,693 | 0.3 | |||||||||||
469,000 | Citigroup, Inc., 5.500%, 09/13/2025 | 493,067 | 0.2 | |||||||||||
758,000 | Citizens Bank NA/Providence RI, 2.450%, 12/04/2019 | 752,807 | 0.4 | |||||||||||
278,000 | (1) | Cleveland Electric Illuminating Co/The, 3.500%, 04/01/2028 | 265,512 | 0.1 | ||||||||||
165,000 | Comcast Corp., 2.350%, 01/15/2027 | 147,831 | 0.1 | |||||||||||
310,000 | Comcast Corp., 4.150%, 10/15/2028 | 315,347 | 0.2 | |||||||||||
200,000 | Comcast Corp., 4.250%, 01/15/2033 | 199,111 | 0.1 | |||||||||||
200,000 | (1) | CommScope Technologies LLC, 5.000%, 03/15/2027 | 162,500 | 0.1 | ||||||||||
330,000 | Continental Resources, Inc./OK, 4.375%, 01/15/2028 | 311,198 | 0.2 |
See Accompanying Notes to Financial Statements
37 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
210,000 | CSC Holdings LLC, 5.250%, 06/01/2024 | 192,937 | 0.1 | |||||||||||
1,184,000 | CVS Health Corp., 2.800%, 07/20/2020 | 1,173,565 | 0.6 | |||||||||||
510,000 | CVS Health Corp., 4.300%, 03/25/2028 | 500,326 | 0.2 | |||||||||||
177,000 | (1) | Dell International LLC / EMC Corp., 4.420%, 06/15/2021 | 176,920 | 0.1 | ||||||||||
480,000 | (1) | Dell International LLC / EMC Corp., 5.450%, 06/15/2023 | 488,902 | 0.2 | ||||||||||
313,000 | (1) | Dell International LLC / EMC Corp., 6.020%, 06/15/2026 | 315,012 | 0.2 | ||||||||||
442,000 | Discover Bank, 7.000%, 04/15/2020 | 460,242 | 0.2 | |||||||||||
240,000 | DISH DBS Corp., 5.875%, 11/15/2024 | 194,100 | 0.1 | |||||||||||
45,000 | Eastman Chemical Co., 2.700%, 01/15/2020 | 44,675 | 0.0 | |||||||||||
1,026,000 | Energy Transfer Operating L.P., 4.900%, 02/01/2024 | 1,039,543 | 0.5 | |||||||||||
280,000 | Energy Transfer Partners L.P. / Regency Energy Finance Corp., 4.500%, 11/01/2023 | 280,392 | 0.1 | |||||||||||
558,000 | Entergy Corp., 5.125%, 09/15/2020 | 569,614 | 0.3 | |||||||||||
210,000 | (1) | ESH Hospitality, Inc., 5.250%, 05/01/2025 | 195,825 | 0.1 | ||||||||||
202,000 | FedEx Corp., 4.050%, 02/15/2048 | 170,114 | 0.1 | |||||||||||
318,000 | Fifth Third Bancorp, 8.250%, 03/01/2038 | 423,123 | 0.2 | |||||||||||
200,000 | (1) | First Data Corp., 5.750%, 01/15/2024 | 196,068 | 0.1 | ||||||||||
532,000 | FirstEnergy Corp., 4.250%, 03/15/2023 | 540,970 | 0.3 | |||||||||||
569,000 | Ford Motor Credit Co. LLC, 3.200%, 01/15/2021 | 551,592 | 0.3 | |||||||||||
225,000 | Freeport-McMoRan, Inc., 5.450%, 03/15/2043 | 172,406 | 0.1 | |||||||||||
205,000 | General Electric Co., 6.750%, 03/15/2032 | 214,281 | 0.1 | |||||||||||
224,000 | General Motors Financial Co., Inc., 4.300%, 07/13/2025 | 212,594 | 0.1 | |||||||||||
240,000 | Goldman Sachs Group, Inc./The, 2.625%, 04/25/2021 | 233,870 | 0.1 | |||||||||||
942,000 | (4) | Goldman Sachs Group, Inc./The, 2.876%, 10/31/2022 | 915,205 | 0.4 | ||||||||||
105,000 | HCA, Inc., 5.500%, 06/15/2047 | 99,750 | 0.0 | |||||||||||
105,000 | HCA, Inc., 5.875%, 02/15/2026 | 104,738 | 0.1 | |||||||||||
100,000 | (1) | Hess Infrastructure Partners L.P. / Hess Infrastructure Partners Finance Corp., 5.625%, 02/15/2026 | 97,250 | 0.0 | ||||||||||
210,000 | (1) | Hilton Domestic Operating Co., Inc., 5.125%, 05/01/2026 | 202,125 | 0.1 | ||||||||||
190,000 | (1) | JBS USA LUX SA / JBS USA Finance, Inc., 5.750%, 06/15/2025 | 182,163 | 0.1 | ||||||||||
90,000 | Johnson & Johnson, 2.900%, 01/15/2028 | 86,415 | 0.0 | |||||||||||
150,000 | Johnson & Johnson, 3.400%, 01/15/2038 | 140,077 | 0.1 | |||||||||||
50,000 | Johnson & Johnson, 4.375%, 12/05/2033 | 53,565 | 0.0 | |||||||||||
175,000 | (1),(5) | Jonah Energy LLC / Jonah Energy Finance Corp., 7.250%, 10/15/2025 | 113,750 | 0.1 | ||||||||||
357,000 | JPMorgan Chase & Co., 2.550%, 03/01/2021 | 352,061 | 0.2 | |||||||||||
258,000 | (4) | JPMorgan Chase & Co., 3.897%, 01/23/2049 | 227,175 | 0.1 | ||||||||||
478,000 | (4),(5) | JPMorgan Chase & Co., 6.000%, 12/31/2199 | 468,440 | 0.2 | ||||||||||
222,000 | Kinder Morgan Energy Partners L.P., 4.250%, 09/01/2024 | 221,363 | 0.1 | |||||||||||
194,000 | Kinder Morgan, Inc./DE, 5.550%, 06/01/2045 | 193,027 | 0.1 | |||||||||||
165,000 | Kraft Heinz Foods Co., 3.000%, 06/01/2026 | 147,508 | 0.1 | |||||||||||
144,000 | Kroger Co/The, 4.450%, 02/01/2047 | 126,810 | 0.1 | |||||||||||
103,000 | (5) | Kroger Co/The, 4.650%, 01/15/2048 | 94,989 | 0.0 | ||||||||||
225,000 | Lennar Corp., 4.750%, 11/29/2027 | 203,906 | 0.1 | |||||||||||
200,000 | Level 3 Parent LLC, 5.750%, 12/01/2022 | 196,918 | 0.1 | |||||||||||
375,000 | Medtronic, Inc., 3.150%, 03/15/2022 | 374,117 | 0.2 | |||||||||||
380,000 | (1) | Metropolitan Edison Co., 4.000%, 04/15/2025 | 383,573 | 0.2 | ||||||||||
210,000 | MGM Resorts International, 4.625%, 09/01/2026 | 189,525 | 0.1 | |||||||||||
292,000 | Molson Coors Brewing Co., 3.000%, 07/15/2026 | 260,616 | 0.1 | |||||||||||
372,000 | Morgan Stanley, 3.750%, 02/25/2023 | 371,535 | 0.2 | |||||||||||
618,000 | Morgan Stanley, 4.100%, 05/22/2023 | 619,472 | 0.3 | |||||||||||
200,000 | Murphy Oil Corp., 5.750%, 08/15/2025 | 187,396 | 0.1 | |||||||||||
280,000 | National Rural Utilities Cooperative Finance Corp., 3.900%, 11/01/2028 | 287,512 | 0.1 | |||||||||||
381,000 | NextEra Energy Capital Holdings, Inc., 3.625%, 06/15/2023 | 380,898 | 0.2 | |||||||||||
145,000 | Nordstrom, Inc., 5.000%, 01/15/2044 | 125,551 | 0.1 | |||||||||||
215,000 | (1) | Novelis Corp., 5.875%, 09/30/2026 | 190,813 | 0.1 | ||||||||||
292,000 | Occidental Petroleum Corp., 4.625%, 06/15/2045 | 290,955 | 0.1 | |||||||||||
349,000 | Oracle Corp., 2.950%, 05/15/2025 | 334,411 | 0.2 | |||||||||||
48,000 | O'Reilly Automotive, Inc., 3.600%, 09/01/2027 | 45,842 | 0.0 | |||||||||||
95,000 | O'Reilly Automotive, Inc., 4.350%, 06/01/2028 | 94,834 | 0.0 |
See Accompanying Notes to Financial Statements
38 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
100,000 | (1) | Owens-Brockway Glass Container, Inc., 5.875%, 08/15/2023 | 100,625 | 0.1 | ||||||||||
122,000 | Pacific Gas & Electric Co., 3.300%, 12/01/2027 | 100,226 | 0.0 | |||||||||||
235,000 | Pfizer, Inc., 2.750%, 06/03/2026 | 223,580 | 0.1 | |||||||||||
460,000 | Philip Morris International, Inc., 3.875%, 08/21/2042 | 397,103 | 0.2 | |||||||||||
205,000 | (1) | Post Holdings, Inc., 5.000%, 08/15/2026 | 187,575 | 0.1 | ||||||||||
249,000 | Qualcomm, Inc., 3.250%, 05/20/2027 | 232,946 | 0.1 | |||||||||||
215,000 | (1) | Quicken Loans, Inc., 5.250%, 01/15/2028 | 191,081 | 0.1 | ||||||||||
272,000 | Reynolds American, Inc., 6.150%, 09/15/2043 | 266,215 | 0.1 | |||||||||||
225,000 | (1) | Sinclair Television Group, Inc., 5.125%, 02/15/2027 | 199,688 | 0.1 | ||||||||||
175,000 | (1) | Sirius XM Radio, Inc., 5.000%, 08/01/2027 | 160,563 | 0.1 | ||||||||||
195,000 | (1) | Six Flags Entertainment Corp., 5.500%, 04/15/2027 | 184,275 | 0.1 | ||||||||||
225,000 | Southern Co., 2.750%, 06/15/2020 | 222,551 | 0.1 | |||||||||||
185,000 | Southwest Airlines Co., 3.450%, 11/16/2027 | 176,534 | 0.1 | |||||||||||
215,000 | (1) | Standard Industries, Inc./NJ, 5.000%, 02/15/2027 | 188,663 | 0.1 | ||||||||||
105,000 | Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.750%, 04/15/2025 | 97,125 | 0.0 | |||||||||||
104,000 | Sunoco Logistics Partners Operations L.P., 4.250%, 04/01/2024 | 101,008 | 0.1 | |||||||||||
200,000 | (1) | Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 5.500%, 01/15/2028 | 193,000 | 0.1 | ||||||||||
110,000 | Teleflex, Inc., 4.625%, 11/15/2027 | 102,438 | 0.1 | |||||||||||
272,000 | Time Warner Cable LLC, 5.875%, 11/15/2040 | 257,419 | 0.1 | |||||||||||
220,000 | T-Mobile USA, Inc., 4.750%, 02/01/2028 | 199,925 | 0.1 | |||||||||||
82,639 | United Airlines 2014-2 Class B Pass Through Trust, 4.625%, 03/03/2024 | 82,304 | 0.0 | |||||||||||
57,431 | United Airlines 2016-1 Class B Pass Through Trust, 3.650%, 07/07/2027 | 56,197 | 0.0 | |||||||||||
82,292 | United Airlines 2016-2 Class B Pass Through Trust, 3.650%, 04/07/2027 | 77,980 | 0.0 | |||||||||||
215,000 | United Rentals North America, Inc., 4.875%, 01/15/2028 | 189,200 | 0.1 | |||||||||||
230,000 | Verizon Communications, Inc., 4.125%, 03/16/2027 | 230,700 | 0.1 | |||||||||||
331,000 | Verizon Communications, Inc., 4.522%, 09/15/2048 | 311,756 | 0.2 | |||||||||||
252,000 | Viacom, Inc., 4.375%, 03/15/2043 | 200,696 | 0.1 | |||||||||||
245,000 | Walmart, Inc., 3.700%, 06/26/2028 | 249,010 | 0.1 | |||||||||||
430,000 | Wells Fargo & Co., 4.100%, 06/03/2026 | 420,514 | 0.2 | |||||||||||
210,000 | Western Digital Corp., 4.750%, 02/15/2026 | 182,963 | 0.1 | |||||||||||
205,000 | (1) | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.500%, 03/01/2025 | 191,675 | 0.1 | ||||||||||
34,338,022 | 16.8 | |||||||||||||
Total Corporate Bonds/Notes | ||||||||||||||
(Cost $48,838,325) | 47,032,314 | 23.0 | ||||||||||||
COLLATERALIZED MORTGAGE OBLIGATIONS: 12.7% | ||||||||||||||
United States: 12.7% | ||||||||||||||
316,736 | (4) | Adjustable Rate Mortgage Trust 2006-2 1A1, 4.002%, 05/25/2036 | 296,401 | 0.2 | ||||||||||
261,711 | Alternative Loan Trust 2005-51 3A2A, 3.447%, (12MTA + 1.290%), 11/20/2035 | 253,055 | 0.1 | |||||||||||
88,047 | Alternative Loan Trust 2006-13T1 A9, 6.000%, 05/25/2036 | 67,496 | 0.0 | |||||||||||
528,188 | Banc of America Funding 2005-1 Trust 1A1, 5.500%, 02/25/2035 | 522,252 | 0.3 | |||||||||||
72,141 | CHL Mortgage Pass-Through Trust 2005-17 1A8, 5.500%, 09/25/2035 | 71,019 | 0.0 | |||||||||||
70,531 | CHL Mortgage Pass-Through Trust 2005-J4 A7, 5.500%, 11/25/2035 | 70,327 | 0.0 | |||||||||||
332,407 | CHL Mortgage Pass-Through Trust 2007-7 A7, 5.750%, 06/25/2037 | 273,862 | 0.1 | |||||||||||
93,097 | (4) | Citigroup Mortgage Loan Trust, Inc. 2005-2 1A3, 4.440%, 05/25/2035 | 93,707 | 0.1 | ||||||||||
338,355 | CitiMortgage Alternative Loan Trust Series 2006-A3 1A7, 6.000%, 07/25/2036 | 324,966 | 0.2 | |||||||||||
56,618 | Countrywide Alternative Loan Trust 2005-53T2 2A6, 3.006%, (US0001M + 0.500%), 11/25/2035 | 36,826 | 0.0 | |||||||||||
300,000 | Countrywide Asset-Backed Certificates 2005-IM1 M1, 3.226%, (US0001M + 0.720%), 11/25/2035 | 297,910 | 0.2 | |||||||||||
10,859 | (1) | Deutsche ALT-A Securities, Inc. ALT2007-RS1 A2, 2.822%, (US0001M + 0.500%), 01/27/2037 | 11,793 | 0.0 | ||||||||||
500,000 | Fannie Mae Connecticut Avenue Securities 2017-C03 1M2, 5.506%, (US0001M + 3.000%), 10/25/2029 | 517,900 | 0.3 | |||||||||||
500,000 | Fannie Mae Connecticut Avenue Securities 2017-C05 1M2, 4.706%, (US0001M + 2.200%), 01/25/2030 | 501,524 | 0.3 | |||||||||||
300,000 | Fannie Mae Connecticut Avenue Securities 2017-C07 1M2, 4.906%, (US0001M + 2.400%), 05/25/2030 | 302,587 | 0.2 |
See Accompanying Notes to Financial Statements
39 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
600,000 | Fannie Mae Connecticut Avenue Securities 2017-C07 2M2, 5.006%, (US0001M + 2.500%), 05/25/2030 | 599,670 | 0.3 | |||||||||||
67,962 | (6) | Fannie Mae Interest Strip Sereis 328 2, 6.000%, 12/25/2032 | 16,040 | 0.0 | ||||||||||
35,294 | (6) | Fannie Mae Interest Strip Sereis 332 2, 6.000%, 03/25/2033 | 8,582 | 0.0 | ||||||||||
121,358 | (6) | Fannie Mae Interest Strip Series 254 2, 7.500%, 01/25/2024 | 16,157 | 0.0 | ||||||||||
21,663 | (6) | Fannie Mae Interest Strip Series 294 2, 7.000%, 02/25/2028 | 4,628 | 0.0 | ||||||||||
183,178 | (6) | Fannie Mae Interest Strip Series 319 2, 6.500%, 02/25/2032 | 39,901 | 0.0 | ||||||||||
29,269 | (6) | Fannie Mae Interest Strip Series 331 5, 6.000%, 02/25/2033 | 5,949 | 0.0 | ||||||||||
28,805 | (6) | Fannie Mae Interest Strip Series 334 12, 6.000%, 03/25/2033 | 6,541 | 0.0 | ||||||||||
34,824 | (6) | Fannie Mae Interest Strip Series 338 2, 5.500%, 07/25/2033 | 7,126 | 0.0 | ||||||||||
14,925 | (6) | Fannie Mae Interest Strip Series 356 10, 5.500%, 06/25/2035 | 3,019 | 0.0 | ||||||||||
16,179 | (6) | Fannie Mae Interest Strip Series 364 15, 6.000%, 09/25/2035 | 3,320 | 0.0 | ||||||||||
500,349 | (6) | Fannie Mae Interest Strip Series 418 5, 3.500%, 08/25/2043 | 78,416 | 0.0 | ||||||||||
752,184 | (4),(6) | Fannie Mae Interest Strip Series 418 80, 3.500%, 08/25/2033 | 99,483 | 0.1 | ||||||||||
11,214 | Fannie Mae REMIC Trust 1999-14 MB, 6.500%, 04/25/2029 | 11,843 | 0.0 | |||||||||||
17,050 | Fannie Mae REMIC Trust 1999-54 LH, 6.500%, 11/25/2029 | 18,559 | 0.0 | |||||||||||
15,021 | Fannie Mae REMIC Trust 2001-80 ZB, 6.000%, 01/25/2032 | 16,089 | 0.0 | |||||||||||
71,969 | (6) | Fannie Mae REMIC Trust 2002-12 SB, 5.244%, (-1.000*US0001M + 7.750%), 07/25/2031 | 12,847 | 0.0 | ||||||||||
40,852 | (6) | Fannie Mae REMIC Trust 2002-2 SW, 5.244%, (-1.000*US0001M + 7.750%), 02/25/2032 | 7,561 | 0.0 | ||||||||||
17,764 | Fannie Mae REMIC Trust 2002-21 PE, 6.500%, 04/25/2032 | 19,698 | 0.0 | |||||||||||
7,299 | Fannie Mae REMIC Trust 2002-29 F, 3.506%, (US0001M + 1.000%), 04/25/2032 | 7,475 | 0.0 | |||||||||||
23,649 | (6) | Fannie Mae REMIC Trust 2002-41 S, 5.444%, (-1.000*US0001M + 7.950%), 07/25/2032 | 3,850 | 0.0 | ||||||||||
2,246 | Fannie Mae REMIC Trust 2002-64 FJ, 3.506%, (US0001M + 1.000%), 04/25/2032 | 2,300 | 0.0 | |||||||||||
4,643 | Fannie Mae REMIC Trust 2002-68 FH, 2.955%, (US0001M + 0.500%), 10/18/2032 | 4,664 | 0.0 | |||||||||||
800,177 | (6) | Fannie Mae REMIC Trust 2002-77 JS, 5.545%, (-1.000*US0001M + 8.000%), 12/18/2032 | 145,327 | 0.1 | ||||||||||
20,824 | Fannie Mae REMIC Trust 2002-84 FB, 3.506%, (US0001M + 1.000%), 12/25/2032 | 21,346 | 0.0 | |||||||||||
20,821 | Fannie Mae REMIC Trust 2003-11 FA, 3.506%, (US0001M + 1.000%), 09/25/2032 | 21,222 | 0.0 | |||||||||||
4,370 | Fannie Mae REMIC Trust 2003-116 FA, 2.906%, (US0001M + 0.400%), 11/25/2033 | 4,374 | 0.0 | |||||||||||
27,733 | (6) | Fannie Mae REMIC Trust 2003-13 IO, 7.000%, 03/25/2033 | 7,169 | 0.0 | ||||||||||
22,367 | (6) | Fannie Mae REMIC Trust 2003-26 IK, 7.000%, 04/25/2033 | 5,186 | 0.0 | ||||||||||
12,967 | (6) | Fannie Mae REMIC Trust 2003-52 NS, 4.594%, (-1.000*US0001M + 7.100%), 06/25/2023 | 732 | 0.0 | ||||||||||
111,578 | (6) | Fannie Mae REMIC Trust 2004-56 SE, 5.044%, (-1.000*US0001M + 7.550%), 10/25/2033 | 20,931 | 0.0 | ||||||||||
30,229 | Fannie Mae REMIC Trust 2005-25 PS, 17.133%, (-4.400*US0001M + 28.160%), 04/25/2035 | 46,426 | 0.0 | |||||||||||
14,247 | (6) | Fannie Mae REMIC Trust 2005-40 SB, 4.244%, (-1.000*US0001M + 6.750%), 05/25/2035 | 1,827 | 0.0 | ||||||||||
57,725 | Fannie Mae REMIC Trust 2005-71 DB, 4.500%, 08/25/2025 | 58,468 | 0.0 | |||||||||||
112,127 | Fannie Mae REMIC Trust 2005-74 DK, 13.975%, (-4.000*US0001M + 24.000%), 07/25/2035 | 163,327 | 0.1 | |||||||||||
337,626 | Fannie Mae REMIC Trust 2005-87 SB, 14.644%, (-3.667*US0001M + 23.833%), 10/25/2035 | 492,396 | 0.2 | |||||||||||
236,789 | Fannie Mae REMIC Trust 2006-104 ES, 20.919%, (-5.000*US0001M + 33.450%), 11/25/2036 | 387,022 | 0.2 |
See Accompanying Notes to Financial Statements
40 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
15,643 | Fannie Mae REMIC Trust 2006-11 PS, 15.377%, (-3.667*US0001M + 24.567%), 03/25/2036 | 23,457 | 0.0 | |||||||||||
41,673 | Fannie Mae REMIC Trust 2006-46 SW, 15.010%, (-3.667*US0001M + 24.199%), 06/25/2036 | 61,390 | 0.0 | |||||||||||
8,840,508 | (6) | Fannie Mae REMIC Trust 2006-51 SA, 4.064%, (-1.000*US0001M + 6.570%), 06/25/2036 | 1,384,034 | 0.7 | ||||||||||
75,723 | (6) | Fannie Mae REMIC Trust 2006-90 SX, 4.724%, (-1.000*US0001M + 7.230%), 09/25/2036 | 12,514 | 0.0 | ||||||||||
8,802,466 | (6) | Fannie Mae REMIC Trust 2007-116 DI, 3.434%, (-1.000*US0001M + 5.940%), 01/25/2038 | 1,297,006 | 0.6 | ||||||||||
65,139 | (6) | Fannie Mae REMIC Trust 2007-88 XI, 4.034%, (-1.000*US0001M + 6.540%), 06/25/2037 | 10,942 | 0.0 | ||||||||||
707,016 | (6) | Fannie Mae REMIC Trust 2007-89 SB, 4.044%, (-1.000*US0001M + 6.550%), 09/25/2037 | 93,735 | 0.0 | ||||||||||
1,890,072 | (6) | Fannie Mae REMIC Trust 2007-94 SG, 3.944%, (-1.000*US0001M + 6.450%), 10/25/2037 | 302,532 | 0.2 | ||||||||||
248,774 | Fannie Mae REMIC Trust 2010-109 SN, 13.254%, (-5.000*US0001M + 25.000%), 10/25/2040 | 482,890 | 0.2 | |||||||||||
121,695 | Fannie Mae REMIC Trust 2010-155 PL, 5.000%, 07/25/2040 | 125,628 | 0.1 | |||||||||||
3,365,199 | (6) | Fannie Mae REMIC Trust 2011-55 SK, 4.054%, (-1.000*US0001M + 6.560%), 06/25/2041 | 561,016 | 0.3 | ||||||||||
2,690,574 | (6) | Fannie Mae REMIC Trust 2011-86 NS, 3.444%, (-1.000*US0001M + 5.950%), 09/25/2041 | 337,029 | 0.2 | ||||||||||
1,892,462 | (6) | Fannie Mae REMIC Trust 2012-10 US, 3.944%, (-1.000*US0001M + 6.450%), 02/25/2042 | 249,941 | 0.1 | ||||||||||
1,432,803 | (6) | Fannie Mae REMIC Trust 2012-110 JI, 4.000%, 06/25/2042 | 212,795 | 0.1 | ||||||||||
4,795,928 | (6) | Fannie Mae REMIC Trust 2012-133 PS, 3.694%, (-1.000*US0001M + 6.200%), 03/25/2042 | 528,968 | 0.3 | ||||||||||
2,196,960 | (6) | Fannie Mae REMIC Trust 2012-144 SB, 3.594%, (-1.000*US0001M + 6.100%), 01/25/2043 | 435,128 | 0.2 | ||||||||||
2,494,283 | (6) | Fannie Mae REMIC Trust 2012-27 SB, 3.474%, (-1.000*US0001M + 5.980%), 11/25/2041 | 331,765 | 0.2 | ||||||||||
23,601 | Fannie Mae REMIC Trust 2013-130 ST, 8.000%, (-16.000*US0001M + 64.000%), 05/25/2043 | 26,963 | 0.0 | |||||||||||
1,503,037 | (6) | Fannie Mae REMIC Trust 2013-64 LI, 3.000%, 06/25/2033 | 184,417 | 0.1 | ||||||||||
8,337,736 | (6) | Freddie Mac 3502 DL, 3.545%, (-1.000*US0001M + 6.000%), 01/15/2039 | 1,218,024 | 0.6 | ||||||||||
37,725 | Freddie Mac REMIC Trust 1360 PZ, 7.500%, 09/15/2022 | 39,700 | 0.0 | |||||||||||
22,455 | Freddie Mac REMIC Trust 1674 Z, 6.750%, 02/15/2024 | 23,736 | 0.0 | |||||||||||
48,377 | Freddie Mac REMIC Trust 1897 K, 7.000%, 09/15/2026 | 52,549 | 0.0 | |||||||||||
8,967 | (6) | Freddie Mac REMIC Trust 2035 PE, 7.000%, 03/15/2028 | 1,858 | 0.0 | ||||||||||
45,908 | (6) | Freddie Mac REMIC Trust 2049 PL, 7.000%, 04/15/2028 | 9,046 | 0.0 | ||||||||||
23,445 | Freddie Mac REMIC Trust 2122 F, 2.905%, (US0001M + 0.450%), 02/15/2029 | 23,452 | 0.0 | |||||||||||
73,645 | (6) | Freddie Mac REMIC Trust 2134 SB, 5.245%, (-1.000*US0001M + 7.700%), 03/15/2029 | 9,986 | 0.0 | ||||||||||
83,238 | (6) | Freddie Mac REMIC Trust 2136 SG, 5.195%, (-1.000*US0001M + 7.650%), 03/15/2029 | 12,389 | 0.0 | ||||||||||
106,410 | (6) | Freddie Mac REMIC Trust 2177 SB, 6.495%, (-1.000*US0001M + 8.950%), 08/15/2029 | 18,842 | 0.0 | ||||||||||
12,056 | Freddie Mac REMIC Trust 2344 FP, 3.405%, (US0001M + 0.950%), 08/15/2031 | 12,380 | 0.0 | |||||||||||
5,373 | Freddie Mac REMIC Trust 2412 GF, 3.405%, (US0001M + 0.950%), 02/15/2032 | 5,521 | 0.0 | |||||||||||
42,155 | Freddie Mac REMIC Trust 2415 ZA, 6.500%, 02/15/2032 | 47,672 | 0.0 | |||||||||||
33,773 | Freddie Mac REMIC Trust 2461 PZ, 6.500%, 06/15/2032 | 36,885 | 0.0 | |||||||||||
6,462 | Freddie Mac REMIC Trust 2464 FI, 3.455%, (US0001M + 1.000%), 02/15/2032 | 6,613 | 0.0 | |||||||||||
6,629 | Freddie Mac REMIC Trust 2470 LF, 3.455%, (US0001M + 1.000%), 02/15/2032 | 6,783 | 0.0 | |||||||||||
9,274 | Freddie Mac REMIC Trust 2471 FD, 3.455%, (US0001M + 1.000%), 03/15/2032 | 9,492 | 0.0 | |||||||||||
7,539 | Freddie Mac REMIC Trust 2504 FP, 2.955%, (US0001M + 0.500%), 03/15/2032 | 7,577 | 0.0 | |||||||||||
28,787 | Freddie Mac REMIC Trust 2551 LF, 2.955%, (US0001M + 0.500%), 01/15/2033 | 28,955 | 0.0 |
See Accompanying Notes to Financial Statements
41 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
69,716 | Freddie Mac REMIC Trust 2676 KY, 5.000%, 09/15/2023 | 71,170 | 0.0 | |||||||||||
363,375 | Freddie Mac REMIC Trust 2750 XG, 5.000%, 02/15/2034 | 392,673 | 0.2 | |||||||||||
315,329 | Freddie Mac REMIC Trust 2890 PE, 5.000%, 11/15/2034 | 337,341 | 0.2 | |||||||||||
60,895 | Freddie Mac REMIC Trust 3001 HT, 8.000%, (-6.667*US0001M + 44.667%), 05/15/2035 | 67,396 | 0.0 | |||||||||||
66,104 | (6) | Freddie Mac REMIC Trust 3004 SB, 3.695%, (-1.000*US0001M + 6.150%), 07/15/2035 | 6,715 | 0.0 | ||||||||||
14,094 | Freddie Mac REMIC Trust 3025 SJ, 15.748%, (-3.667*US0001M + 24.750%), 08/15/2035 | 20,844 | 0.0 | |||||||||||
818,898 | (6) | Freddie Mac REMIC Trust 3223 S, 3.495%, (-1.000*US0001M + 5.950%), 10/15/2036 | 94,214 | 0.1 | ||||||||||
2,299,431 | (6) | Freddie Mac REMIC Trust 3505 SA, 3.545%, (-1.000*US0001M + 6.000%), 01/15/2039 | 347,349 | 0.2 | ||||||||||
2,661,828 | (6) | Freddie Mac REMIC Trust 3702 S, 1.995%, (-1.000*US0001M + 4.450%), 05/15/2036 | 202,792 | 0.1 | ||||||||||
1,514,570 | (6) | Freddie Mac REMIC Trust 3710 SL, 3.545%, (-1.000*US0001M + 6.000%), 05/15/2036 | 46,756 | 0.0 | ||||||||||
2,731,470 | (6) | Freddie Mac REMIC Trust 3925 SD, 3.595%, (-1.000*US0001M + 6.050%), 07/15/2040 | 284,327 | 0.1 | ||||||||||
1,389,003 | (6) | Freddie Mac REMIC Trust 4136 SW, 3.795%, (-1.000*US0001M + 6.250%), 11/15/2032 | 191,185 | 0.1 | ||||||||||
638,478 | (6) | Freddie Mac REMIC Trust 4161 CI, 4.000%, 02/15/2043 | 108,853 | 0.1 | ||||||||||
9,588,821 | (6) | Freddie Mac REMIC Trust 4194 GI, 4.000%, 04/15/2043 | 1,553,831 | 0.8 | ||||||||||
1,161,682 | (6) | Freddie Mac Series 4120 IK, 3.000%, 10/15/2032 | 141,036 | 0.1 | ||||||||||
100,000 | Freddie Mac Structured Agency Credit Risk Debt Notes 2015-DNA3 M3, 7.206%, (US0001M + 4.700%), 04/25/2028 | 115,523 | 0.1 | |||||||||||
400,000 | Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA3 M2, 5.006%, (US0001M + 2.500%), 03/25/2030 | 400,719 | 0.2 | |||||||||||
600,000 | Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA2 M2, 5.156%, (US0001M + 2.650%), 12/25/2029 | 608,375 | 0.3 | |||||||||||
72,730 | (4) | Freddie Mac Whole Loan Securities Trust 2016-SC02 M1, 3.607%, 10/25/2046 | 72,732 | 0.0 | ||||||||||
402,661 | Ginnie Mae Series 2007-8 SP, 14.039%, (-3.242*US0001M + 22.048%), 03/20/2037 | 556,494 | 0.3 | |||||||||||
1,371,955 | (6) | Ginnie Mae Series 2010-165 IP, 4.000%, 04/20/2038 | 38,345 | 0.0 | ||||||||||
2,157,836 | (6) | Ginnie Mae Series 2010-68 MS, 3.380%, (-1.000*US0001M + 5.850%), 06/20/2040 | 296,159 | 0.1 | ||||||||||
1,520,313 | (6) | Ginnie Mae Series 2012-97 SC, 4.245%, (-1.000*US0001M + 6.700%), 07/16/2041 | 233,052 | 0.1 | ||||||||||
247,757 | GreenPoint Mortgage Funding Trust 2006-AR3 4A1, 2.716%, (US0001M + 0.210%), 04/25/2036 | 230,695 | 0.1 | |||||||||||
49,522 | (4) | GSR Mortgage Loan Trust 2005-AR6 1A4, 4.494%, 09/25/2035 | 50,922 | 0.0 | ||||||||||
642,500 | IndyMac INDX Mortgage Loan Trust 2006-AR2 1A1B, 2.716%, (US0001M + 0.210%), 04/25/2046 | 584,668 | 0.3 | |||||||||||
663,363 | (4) | JP Morgan Mortgage Trust 2005-A4 B1, 4.324%, 07/25/2035 | 658,244 | 0.3 | ||||||||||
82,232 | (4) | JP Morgan Mortgage Trust 2007-A1 7A1, 4.377%, 07/25/2035 | 82,406 | 0.0 | ||||||||||
290,496 | (1),(4) | JP Morgan Mortgage Trust 2017-3 B1, 3.865%, 08/25/2047 | 285,579 | 0.1 | ||||||||||
138,105 | Lehman XS Trust Series 2005-5N 1A2, 2.866%, (US0001M + 0.360%), 11/25/2035 | 129,415 | 0.1 | |||||||||||
92,586 | (4) | MASTR Adjustable Rate Mortgages Trust 2006-2 1A1, 4.361%, 04/25/2036 | 92,229 | 0.1 | ||||||||||
2,314,854 | (4) | RALI Series Trust 2006-QO1 X2, 1.949%, 02/25/2046 | 245,737 | 0.1 | ||||||||||
83,600 | (1),(4) | Sequoia Mortgage Trust 2018-CH1 A19, 4.000%, 02/25/2048 | 84,217 | 0.0 | ||||||||||
705,059 | (4) | TBW Mortgage-Backed Trust 2007-2 A1A, 5.965%, 07/25/2037 | 380,195 | 0.2 | ||||||||||
7,397,305 | (4),(6) | WaMu Mortgage Pass-Through Certificates Series 2005-AR11 X, 0.513%, 08/25/2045 | 189,339 | 0.1 | ||||||||||
46,809 | (4) | WaMu Mortgage Pass-Through Certificates Series 2006-AR12 1A1, 3.881%, 10/25/2036 | 45,272 | 0.0 | ||||||||||
817,082 | (4) | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 3A1, 3.693%, 12/25/2036 | 788,481 | 0.4 |
See Accompanying Notes to Financial Statements
42 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
171,157 | (4) | WaMu Mortgage Pass-Through Certificates Series 2006-AR8 1A4, 3.877%, 08/25/2046 | 161,993 | 0.1 | ||||||||||
347,103 | (4) | WaMu Mortgage Pass-Through Certificates Series 2007-HY2 1A1, 3.645%, 12/25/2036 | 340,104 | 0.2 | ||||||||||
100,501 | (4) | WaMu Mortgage Pass-Through Certificates Series 2007-HY4 1A1, 3.161%, 04/25/2037 | 91,073 | 0.0 | ||||||||||
117,388 | Wells Fargo Alternative Loan 2007-PA2 2A1, 2.936%, (US0001M + 0.430%), 06/25/2037 | 97,075 | 0.1 | |||||||||||
46,750 | (4) | Wells Fargo Mortgage Backed Securities 2005-AR16 2A1, 4.525%, 02/25/2034 | 48,069 | 0.0 | ||||||||||
128,286 | Wells Fargo Mortgage Backed Securities 2006-8 A15, 6.000%, 07/25/2036 | 127,794 | 0.1 | |||||||||||
134,423 | (4) | Wells Fargo Mortgage Backed Securities 2006-AR17 A1, 4.748%, 10/25/2036 | 135,287 | 0.1 | ||||||||||
28,993 | (4) | Wells Fargo Mortgage Backed Securities 2006-AR17 A2, 4.748%, 10/25/2036 | 29,180 | 0.0 | ||||||||||
195,161 | (4) | Wells Fargo Mortgage Backed Securities 2006-AR7 2A1, 4.334%, 05/25/2036 | 199,943 | 0.1 | ||||||||||
189,932 | (4) | Wells Fargo Mortgage Backed Securities 2006-AR8 3A2, 4.662%, 04/25/2036 | 189,471 | 0.1 | ||||||||||
186,577 | (1),(4) | WinWater Mortgage Loan Trust 2015-5 B4, 3.792%, 08/20/2045 | 179,019 | 0.1 | ||||||||||
Total Collateralized Mortgage Obligations | ||||||||||||||
(Cost $25,254,840) | 25,878,994 | 12.7 | ||||||||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES: 8.6% | ||||||||||||||
United States: 8.6% | ||||||||||||||
6,965,010 | (4),(6) | BANK 2017-BNK5 XA, 1.107%, 06/15/2060 | 436,309 | 0.2 | ||||||||||
900,000 | (1),(4) | BANK 2017-BNK6 E, 2.655%, 07/15/2060 | 555,150 | 0.3 | ||||||||||
1,948,000 | (1),(4),(6) | BANK 2017-BNK6 XE, 1.500%, 07/15/2060 | 195,372 | 0.1 | ||||||||||
8,809,189 | (4),(6) | Banc of America Commercial Mortgage Trust 2017-BNK3 XA, 1.134%, 02/15/2050 | 585,364 | 0.3 | ||||||||||
2,055,597 | (4),(6) | Barclays Commercial Mortgage Trust 2017-C1 XA, 1.513%, 02/15/2050 | 185,081 | 0.1 | ||||||||||
8,020,000 | (1),(4),(6) | BBCCRE Trust 2015-GTP XA, 0.597%, 08/10/2033 | 303,720 | 0.2 | ||||||||||
440,000 | (1),(4) | Bear Stearns Commercial Mortgage Securities Trust 2004-PWR6 E, 5.406%, 11/11/2041 | 441,873 | 0.2 | ||||||||||
1,856,179 | (4),(6) | CD 2016-CD1 Mortgage Trust XA, 1.425%, 08/10/2049 | 146,083 | 0.1 | ||||||||||
8,821,571 | (4),(6) | CFCRE Commercial Mortgage Trust 2016-C7 XA, 0.753%, 12/10/2054 | 416,961 | 0.2 | ||||||||||
7,900,000 | (4),(6) | Citigroup Commercial Mortgage Trust 2016-C2 XB, 0.848%, 08/10/2049 | 443,842 | 0.2 | ||||||||||
3,229,880 | (4),(6) | Citigroup Commercial Mortgage Trust 2017-C4 XA, 1.119%, 10/12/2050 | 222,077 | 0.1 | ||||||||||
210,000 | (4) | Citigroup Commercial Mortgage Trust 2017-P8 C, 4.271%, 09/15/2050 | 204,534 | 0.1 | ||||||||||
3,337,176 | (4),(6) | COMM 2012-CR1 XA, 1.868%, 05/15/2045 | 170,109 | 0.1 | ||||||||||
9,842,691 | (1),(4),(6) | COMM 2012-LTRT XA, 0.968%, 10/05/2030 | 271,943 | 0.1 | ||||||||||
7,921,405 | (4),(6) | COMM 2013-CCRE13 XA, 0.803%, 11/10/2046 | 264,638 | 0.1 | ||||||||||
13,813,711 | (4),(6) | COMM 2014-CR16 XA, 1.127%, 04/10/2047 | 494,869 | 0.2 | ||||||||||
570,000 | (4) | COMM 2016-COR1 C, 4.392%, 10/10/2049 | 561,334 | 0.3 | ||||||||||
4,440,371 | (4),(6) | COMM 2016-CR28 XA, 0.653%, 02/10/2049 | 157,200 | 0.1 | ||||||||||
1,000,000 | (4) | COMM 2017-COR2 C, 4.562%, 09/10/2050 | 1,000,255 | 0.5 | ||||||||||
4,900,718 | (4),(6) | CSAIL 2017-CX9 XA Commercial Mortgage Trust, 0.895%, 09/15/2050 | 209,895 | 0.1 | ||||||||||
300,000 | (1),(7) | DBRR Re-REMIC Trust 2015-FRR1 B711, 0.000%, 08/28/2045 | 290,152 | 0.1 | ||||||||||
1,952,949 | (1),(4),(6) | DBUBS 2011-LC1A XA, 0.709%, 11/10/2046 | 17,786 | 0.0 | ||||||||||
290,000 | (1),(4) | DBJPM 16-C3 Mortgage Trust, 3.493%, 08/10/2049 | 251,327 | 0.1 | ||||||||||
3,840,000 | (4),(6) | Freddie Mac Multifamily Structured Pass Through Certificates K013 X3, 2.814%, 01/25/2043 | 210,989 | 0.1 | ||||||||||
10,000,000 | (4),(6) | Freddie Mac Multifamily Structured Pass Through Certificates K035 X3, 1.791%, 12/25/2041 | 761,495 | 0.4 | ||||||||||
25,955,743 | (4),(6) | Freddie Mac Multifamily Structured Pass Through Certificates K710 X1, 1.734%, 05/25/2019 | 79,791 | 0.0 | ||||||||||
4,423,190 | (4),(6) | Freddie Mac Multifamily Structured Pass Through Certificates K711 X3, 1.617%, 08/25/2040 | 43,914 | 0.0 | ||||||||||
39,422,883 | (1),(6) | FREMF Mortgage Trust 2012-K17 X2A, 0.100%, 12/25/2044 | 90,069 | 0.0 | ||||||||||
231,974 | (1),(4) | GCCFC Commercial Mortgage Trust 2004-GG1 F, 6.391%, 06/10/2036 | 232,448 | 0.1 | ||||||||||
510,000 | (1) | GPT 2018-GPP D Mortgage Trust, 4.305%, (US0001M + 1.850%), 06/15/2035 | 509,097 | 0.3 | ||||||||||
450,000 | (1),(4) | GRACE 2014-GRCE F Mortgage Trust, 3.590%, 06/10/2028 | 443,336 | 0.2 |
See Accompanying Notes to Financial Statements
43 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
100,000 | (1),(4) | GS Mortgage Securities Trust 2010-C2 F, 4.548%, 12/10/2043 | 93,034 | 0.1 | ||||||||||
2,205,297 | (4),(6) | GS Mortgage Securities Trust 2012-GCJ7 XA, 2.210%, 05/10/2045 | 88,244 | 0.0 | ||||||||||
4,045,003 | (4),(6) | GS Mortgage Securities Trust 2013-GC16 XA, 1.045%, 11/10/2046 | 168,625 | 0.1 | ||||||||||
4,538,697 | (4),(6) | GS Mortgage Securities Trust 2013-GCJ14 XA, 0.610%, 08/10/2046 | 110,316 | 0.1 | ||||||||||
1,350,000 | (1),(4) | GS Mortgage Securities Trust 2016-GS4 E, 3.802%, 11/10/2049 | 952,962 | 0.5 | ||||||||||
2,320,873 | (4),(6) | GS Mortgage Securities Trust 2017-GS6 XA, 1.048%, 05/10/2050 | 164,386 | 0.1 | ||||||||||
2,940,000 | (1),(4),(6) | JP Morgan Chase Commercial Mortgage Securities Corp. 2012-LC9 XB, 0.327%, 12/15/2047 | 36,910 | 0.0 | ||||||||||
222,412 | (4) | JP Morgan Chase Commercial Mortgage Securities Trust 2004-CIBC9 E, 5.354%, 06/12/2041 | 223,872 | 0.1 | ||||||||||
6,255,137 | (4),(6) | JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX XA, 2.066%, 06/15/2045 | 212,468 | 0.1 | ||||||||||
250,000 | (4) | JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 C, 4.119%, 12/15/2047 | 244,718 | 0.1 | ||||||||||
660,000 | (4) | JPMBB Commercial Mortgage Securities Trust 2014-C18 AS, 4.439%, 02/15/2047 | 678,970 | 0.3 | ||||||||||
360,000 | (4) | LB-UBS Commercial Mortgage Trust 2005-C3 F, 5.013%, 07/15/2040 | 354,783 | 0.2 | ||||||||||
3,116,426 | (1),(4),(6) | LSTAR Commercial Mortgage Trust 2017-5 X, 1.112%, 03/10/2050 | 141,488 | 0.1 | ||||||||||
18,750,000 | (1),(4),(6) | Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19 XB, 0.437%, 12/15/2047 | 484,781 | 0.2 | ||||||||||
570,000 | (1),(4) | Morgan Stanley Capital I Trust 2011-C1 D, 5.375%, 09/15/2047 | 589,932 | 0.3 | ||||||||||
460,000 | (1),(4) | Morgan Stanley Capital I Trust 2011-C1 E, 5.375%, 09/15/2047 | 476,024 | 0.2 | ||||||||||
11,541 | (1) | Morgan Stanley Reremic Trust 2012-XA B, 0.250%, 07/27/2049 | 11,440 | 0.0 | ||||||||||
4,845,534 | (1),(4),(6) | UBS-Barclays Commercial Mortgage Trust 2012-C3 XA, 1.836%, 08/10/2049 | 274,074 | 0.1 | ||||||||||
7,065,371 | (4),(6) | Wells Fargo Commercial Mortgage Trust 2016-C37, 1.012%, 12/15/2049 | 334,584 | 0.2 | ||||||||||
3,302,879 | (1),(4),(6) | WFRBS Commercial Mortgage Trust 2012-C8 XA, 1.836%, 08/15/2045 | 172,095 | 0.1 | ||||||||||
550,000 | (1),(4) | WFRBS Commercial Mortgage Trust 2013-C11 F, 4.266%, 03/15/2045 | 444,635 | 0.2 | ||||||||||
645,186 | (1),(4) | WFRBS Commercial Mortgage Trust 2013-C11 G, 4.266%, 03/15/2045 | 310,671 | 0.2 | ||||||||||
530,000 | (1),(4) | WFRBS Commercial Mortgage Trust 2013-C14 D, 3.979%, 06/15/2046 | 482,270 | 0.2 | ||||||||||
9,855,238 | (4),(6) | WFRBS Commercial Mortgage Trust 2014-C19 XA, 1.083%, 03/15/2047 | 386,032 | 0.2 | ||||||||||
Total Commercial Mortgage-Backed Securities | ||||||||||||||
(Cost $17,653,056) | 17,634,327 | 8.6 | ||||||||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS: 1.0% | ||||||||||||||
Federal Home Loan Mortgage Corporation: 0.5%(8) | ||||||||||||||
189,960 | 4.000%, 09/01/2045 | 194,174 | 0.1 | |||||||||||
291,794 | 4.000%, 09/01/2045 | 298,084 | 0.1 | |||||||||||
141,114 | 4.000%, 09/01/2045 | 144,123 | 0.1 | |||||||||||
107,275 | 4.000%, 09/01/2045 | 109,610 | 0.1 | |||||||||||
214,091 | 4.000%, 05/01/2046 | 218,665 | 0.1 | |||||||||||
726 | 5.000%, 01/01/2020 | 734 | 0.0 | |||||||||||
3,031 | 5.000%, 02/01/2020 | 3,086 | 0.0 | |||||||||||
10,274 | 5.000%, 12/01/2034 | 10,861 | 0.0 | |||||||||||
37,899 | 6.000%, 02/01/2034 | 41,395 | 0.0 | |||||||||||
4,479 | 6.500%, 02/01/2022 | 4,692 | 0.0 | |||||||||||
5,785 | 6.500%, 09/01/2022 | 6,014 | 0.0 | |||||||||||
2,731 | 6.500%, 08/01/2032 | 3,061 | 0.0 | |||||||||||
6,765 | 6.500%, 07/01/2034 | 7,350 | 0.0 | |||||||||||
6,267 | 6.500%, 07/01/2034 | 6,807 | 0.0 | |||||||||||
1,048,656 | 0.5 | |||||||||||||
Federal National Mortgage Association: 0.5%(8) | ||||||||||||||
88,341 | 2.500%, 06/01/2030 | 86,532 | 0.1 | |||||||||||
60,643 | 2.500%, 06/01/2030 | 59,401 | 0.0 | |||||||||||
36,212 | 2.500%, 07/01/2030 | 35,471 | 0.0 | |||||||||||
168,094 | 4.000%, 05/01/2045 | 171,729 | 0.1 | |||||||||||
122,187 | 4.216%, 10/01/2036 | 128,446 | 0.1 | |||||||||||
70,245 | 5.000%, 06/01/2041 | 74,633 | 0.0 | |||||||||||
1,524 | 5.500%, 09/01/2019 | 1,527 | 0.0 | |||||||||||
1,271 | 5.500%, 09/01/2019 | 1,273 | 0.0 | |||||||||||
18,969 | 5.500%, 09/01/2024 | 20,095 | 0.0 | |||||||||||
2,097 | 6.000%, 05/01/2021 | 2,120 | 0.0 | |||||||||||
78,813 | 6.000%, 11/01/2034 | 86,053 | 0.1 | |||||||||||
126,507 | 6.000%, 04/01/2035 | 138,117 | 0.1 | |||||||||||
57,102 | 6.500%, 12/01/2029 | 63,415 | 0.0 | |||||||||||
24,802 | 6.500%, 01/01/2034 | 27,605 | 0.0 | |||||||||||
274 | 7.000%, 04/01/2033 | 298 | 0.0 | |||||||||||
20,388 | 7.500%, 09/01/2032 | 23,820 | 0.0 | |||||||||||
44,188 | 7.500%, 01/01/2033 | 51,122 | 0.0 | |||||||||||
971,657 | 0.5 | |||||||||||||
Government National Mortgage Association: 0.0% | ||||||||||||||
37,738 | 5.000%, 04/15/2034 | 40,016 | 0.0 | |||||||||||
17,417 | 6.500%, 02/20/2035 | 19,862 | 0.0 | |||||||||||
59,878 | 0.0 | |||||||||||||
Total U.S. Government Agency Obligations | ||||||||||||||
(Cost $2,095,642) | 2,080,191 | 1.0 |
See Accompanying Notes to Financial Statements
44 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
STRUCTURED NOTES: 0.0% | ||||||||||||||
Russia: 0.0% | ||||||||||||||
RUB | 4,421,905 | (2) | Morgan Stanley & Co. International PLC - EM Whole Loan SA /Russian Federation Total Return Linked Bonds, Series 007, Cl. VR, 10.210%, 08/22/2034 | 12,937 | 0.0 | |||||||||
Total Structured Notes | ||||||||||||||
(Cost $158,223) | 12,937 | 0.0 | ||||||||||||
U.S. TREASURY OBLIGATIONS: 11.0% | ||||||||||||||
U.S. Treasury Bonds: 1.6% | ||||||||||||||
3,257,000 | 3.000%, 08/15/2048 | 3,248,165 | 1.6 | |||||||||||
U.S. Treasury Notes: 9.4% | ||||||||||||||
5,150,000 | 1.500%, 10/31/2019 | 5,103,006 | 2.5 | |||||||||||
6,230,000 | 2.500%, 12/31/2020 | 6,229,173 | 3.0 | |||||||||||
1,369,000 | 2.625%, 12/15/2021 | 1,375,246 | 0.7 | |||||||||||
1,990,000 | 2.625%, 12/31/2023 | 2,000,471 | 1.0 | |||||||||||
4,282,700 | 3.125%, 11/15/2028 | 4,446,001 | 2.2 | |||||||||||
19,153,897 | 9.4 | |||||||||||||
Total U.S. Treasury Obligations | ||||||||||||||
(Cost $21,936,792) | 22,402,062 | 11.0 | ||||||||||||
FOREIGN GOVERNMENT BONDS: 7.0% | ||||||||||||||
Germany: 4.5% | ||||||||||||||
EUR | 1,010,000 | (7) | Bundesobligation, -0.580%, 10/08/2021 | 1,176,115 | 0.6 | |||||||||
EUR | 200,000 | Bundesrepublik Deutschland Bundesanleihe, 1.250%, 08/15/2048 | 251,791 | 0.1 | ||||||||||
EUR | 10,000 | Bundesrepublik Deutschland Bundesanleihe, 2.000%, 08/15/2023 | 12,721 | 0.0 | ||||||||||
EUR | 660,000 | Bundesrepublik Deutschland Bundesanleihe, 2.500%, 08/15/2046 | 1,065,534 | 0.5 | ||||||||||
EUR | 120,000 | (7) | Bundesrepublik Deutschland Bundesanleihe, 0.000%, 08/15/2026 | 137,505 | 0.1 | |||||||||
EUR | 5,510,000 | Bundesrepublik Deutschland, 0.500%, 02/15/2025 | 6,571,956 | 3.2 | ||||||||||
EUR | 10,000 | Bundesschatzanweisungen, -0.650%, 03/13/2020 | 11,547 | 0.0 | ||||||||||
9,227,169 | 4.5 | |||||||||||||
Spain: 2.5% | ||||||||||||||
EUR | 4,390,000 | (1) | Spain Government Bond, 1.400%, 04/30/2028 | 5,054,000 | 2.5 | |||||||||
Total Foreign Government Bonds | ||||||||||||||
(Cost $14,554,596) | 14,281,169 | 7.0 | ||||||||||||
ASSET-BACKED SECURITIES: 5.8% | ||||||||||||||
Cayman Islands: 0.2% | ||||||||||||||
500,000 | (1) | AMMC CLO 16 Ltd. 2015-16A CR, 4.786%, (US0003M + 2.350%), 04/14/2029 | 485,063 | 0.2 | ||||||||||
United States: 5.6% | ||||||||||||||
500,000 | (1) | Apidos CLO XXIX 2018-29A B, 4.292%, (US0003M + 1.900%), 07/25/2030 | 470,198 | 0.2 | ||||||||||
250,000 | (1) | ArrowMark Colorado Holdings 2017-7A C, 4.336%, (US0003M + 1.900%), 07/15/2030 | 232,082 | 0.1 | ||||||||||
250,000 | (1) | Avery Point IV CLO Ltd. 2014-1A CR, 4.840%, (US0003M + 2.350%), 04/25/2026 | 248,195 | 0.1 | ||||||||||
250,000 | (1) | Babson CLO Ltd. 2014-IA BR, 4.669%, (US0003M + 2.200%), 07/20/2025 | 249,963 | 0.1 | ||||||||||
412,500 | (1) | BlueMountain CLO 2013-2A CR, 4.419%, (US0003M + 1.950%), 10/22/2030 | 391,063 | 0.2 | ||||||||||
640,000 | (1) | Bristol Park CLO Ltd. 2016-1A B, 4.336%, (US0003M + 1.900%), 04/15/2029 | 638,182 | 0.3 | ||||||||||
500,000 | (1) | Burnham Park Clo Ltd. 2016-1A CR, 4.619%, (US0003M + 2.150%), 10/20/2029 | 485,478 | 0.3 | ||||||||||
250,000 | (1) | Cedar Funding II CLO Ltd. 2013-1A CR, 5.117%, (US0003M + 2.350%), 06/09/2030 | 242,939 | 0.1 | ||||||||||
500,000 | (1) | Cedar Funding IV CLO Ltd. 2014-4A CR, 4.727%, (US0003M + 2.250%), 07/23/2030 | 479,942 | 0.3 | ||||||||||
400,000 | (1) | CIFC Funding 2013-IA BR Ltd., 4.836%, (US0003M + 2.400%), 07/16/2030 | 387,377 | 0.2 | ||||||||||
313,104 | (4) | Citigroup Mortgage Loan Trust 2006-WF1 A2E, 4.953%, 03/25/2036 | 206,728 | 0.1 | ||||||||||
1,040,000 | (1) | Invitation Homes 2018-SFR1 D Trust, 3.905%, (US0001M + 1.450%), 03/17/2037 | 1,031,476 | 0.5 | ||||||||||
500,000 | (1) | LCM XXIV Ltd. 24A C, 4.719%, (US0003M + 2.250%), 03/20/2030 | 484,132 | 0.3 | ||||||||||
250,000 | (1) | Madison Park Funding XI Ltd. 2013-11A CR, 4.677%, (US0003M + 2.200%), 07/23/2029 | 243,571 | 0.1 | ||||||||||
250,000 | (1) | Madison Park Funding XXVII Ltd. 2018-27A B, 4.269%, (US0003M + 1.800%), 04/20/2030 | 233,994 | 0.1 | ||||||||||
400,000 | (1) | Madison Park Funding XXXI Ltd. 2018-31A C, 4.926%, (US0003M + 2.150%), 01/23/2031 | 382,650 | 0.2 | ||||||||||
200,000 | (1),(4) | Mill City Mortgage Loan Trust 2017-2 M2, 3.250%, 07/25/2059 | 191,696 | 0.1 | ||||||||||
250,000 | (1) | Octagon Investment Partners XIX Ltd. 2014-1A CR, 4.536%, (US0003M + 2.100%), 04/15/2026 | 249,948 | 0.1 | ||||||||||
640,000 | (1) | OHA Loan Funding Ltd. 2016-1A B1, 4.269%, (US0003M + 1.800%), 01/20/2028 | 635,471 | 0.3 |
See Accompanying Notes to Financial Statements
45 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
250,000 | (1) | Palmer Square CLO 2015-2A BR Ltd., 4.869%, (US0003M + 2.400%), 07/20/2030 | 242,169 | 0.1 | ||||||||||
575,000 | (1) | Palmer Square Loan Funding 2017-1A D Ltd., 7.286%, (US0003M + 4.850%), 10/15/2025 | 545,573 | 0.3 | ||||||||||
250,000 | (1) | Palmer Square Loan Funding 2018-1A C Ltd., 4.286%, (US0003M + 1.850%), 04/15/2026 | 235,425 | 0.1 | ||||||||||
1,060,000 | (1) | Progress Residential 2018-SFR2 E Trust, 4.656%, 08/17/2035 | 1,055,918 | 0.5 | ||||||||||
266,000 | (1) | Recette CLO Ltd. 2015-1A CR, 4.169%, (US0003M + 1.700%), 10/20/2027 | 254,450 | 0.1 | ||||||||||
250,000 | (1) | Thacher Park CLO Ltd. 2014-1A CR, 4.669%, (US0003M + 2.200%), 10/20/2026 | 244,788 | 0.1 | ||||||||||
250,000 | (1) | THL Credit Wind River 2013-2A CR CLO Ltd., 4.445%, (US0003M + 2.000%), 10/18/2030 | 235,384 | 0.1 | ||||||||||
560,000 | (1) | THL Credit Wind River 2017-3A C CLO Ltd., 4.636%, (US0003M + 2.200%), 10/15/2030 | 535,202 | 0.3 | ||||||||||
250,000 | (1) | THL Credit Wind River 2017-4A C CLO Ltd., 4.395%, (US0003M + 1.750%), 11/20/2030 | 231,678 | 0.1 | ||||||||||
300,000 | (1),(4) | Towd Point Mortgage Trust 2017-6 M2, 3.250%, 10/25/2057 | 267,936 | 0.2 | ||||||||||
11,333,608 | 5.6 | |||||||||||||
Total Asset-Backed Securities | ||||||||||||||
(Cost $12,190,346) | 11,818,671 | 5.8 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 0.0% | ||||||||||||||
United States: 0.0% | ||||||||||||||
43,083 | (2),(5),(9) | American Media, Inc. | – | – | ||||||||||
18 | (9) | Ingevity Corp. | 1,507 | 0.0 | ||||||||||
4,988 | Resolute Forest Products, Inc. | 39,555 | 0.0 | |||||||||||
120 | WestRock Co. | 4,531 | 0.0 | |||||||||||
Total Common Stock | ||||||||||||||
(Cost $1,305,734) | 45,593 | 0.0 | ||||||||||||
MUTUAL FUNDS: 24.5% | ||||||||||||||
United States: 24.5% | ||||||||||||||
1,123,275 | Voya Emerging Markets Corporate Debt Fund - Class P | 10,570,022 | 5.2 | |||||||||||
1,708,565 | Voya Emerging Markets Hard Currency Debt Fund - Class P | 15,377,081 | 7.5 | |||||||||||
1,769,764 | Voya Emerging Markets Local Currency Debt Fund - Class P | 12,193,671 | 6.0 | |||||||||||
1,612,471 | Voya High Yield Bond Fund - Class P | 11,948,411 | 5.8 | |||||||||||
Total Mutual Funds | ||||||||||||||
(Cost $56,555,167) | 50,089,185 | 24.5 |
Value | Percentage of Net Assets | |||||||||||||
PURCHASED OPTIONS(10): 0.0% | ||||||||||||||
Total Purchased Options | ||||||||||||||
(Cost $303,834) | 11,393 | 0.0 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $200,846,555) | 191,286,836 | 93.6 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
SHORT-TERM INVESTMENTS: 3.7% | ||||||||||||||
Commercial Paper: 0.9% | ||||||||||||||
2,000,000 | Concord Minutemen, 2.500%, 01/03/2019 | |||||||||||||
(Cost $1,999,724) | 1,999,589 | 0.9 | ||||||||||||
Securities Lending Collateral(11): 0.4% | ||||||||||||||
715,985 | Bank of Nova Scotia, Repurchase Agreement dated 12/31/18, 2.97%, due 01/02/19 (Repurchase Amount $716,102, collateralized by various U.S. Government and U.S. Government Agency Obligations, 2.750%-5.000%, Market Value plus accrued interest $730,425, due 11/15/23-05/15/58) | |||||||||||||
(Cost $715,985) | 715,985 | 0.4 |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 2.4% | ||||||||||||||
4,912,000 | (12) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 2.340% | ||||||||||||
(Cost $4,912,000) | 4,912,000 | 2.4 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $7,627,709) | 7,627,574 | 3.7 | ||||||||||||
Total Investments in Securities (Cost $208,474,264) | $ | 198,914,410 | 97.3 | |||||||||||
Assets in Excess of Other Liabilities | 5,569,072 | 2.7 | ||||||||||||
Net Assets | $ | 204,483,482 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(2) | For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs. |
See Accompanying Notes to Financial Statements
46 |
Voya Global Bond Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 (Continued) |
(3) | Defaulted security |
(4) | Variable rate security. Rate shown is the rate in effect as of December 31, 2018. |
(5) | Security, or a portion of the security, is on loan. |
(6) | Interest only securities represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. Principal amount shown represents the notional amount on which current interest is calculated. Payments of principal on the pool reduce the value of the interest only security. |
(7) | Represents a zero coupon bond. Rate shown reflects the effective yield as of December 31, 2018. |
(8) | The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies. |
(9) | Non-income producing security. |
(10) | The tables below the Portfolio of Investments detail open purchased options which are non-income producing securities. |
(11) | Represents securities purchased with cash collateral received for securities on loan. |
(12) | Rate shown is the 7-day yield as of December 31, 2018. |
EUR | EU Euro |
MXN | Mexican Peso |
RUB | Russian Ruble |
ZAR | South African Rand |
Reference Rate Abbreviations: | |
12MTA | 12-month Treasury Average |
US0001M | 1-month LIBOR |
US0003M | 3-month LIBOR |
US0012M | 12-month LIBOR |
See Accompanying Notes to Financial Statements
47 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018 |
Shares | Value | Percentage of Net Assets | ||||||||||||
COMMON STOCK: 60.2% | ||||||||||||||
Communication Services: 2.2% | ||||||||||||||
130,894 | CBS Corp. - Class B | 5,722,685 | 0.4 | |||||||||||
49,041 | (1) | Charter Communications, Inc. | 13,975,214 | 1.1 | ||||||||||
258,458 | Comcast Corp. – Class A | 8,800,495 | 0.7 | |||||||||||
28,498,394 | 2.2 | |||||||||||||
Consumer Discretionary: 4.7% | ||||||||||||||
346,722 | Carnival Corp. | 17,093,395 | 1.3 | |||||||||||
337,603 | (1) | eBay, Inc. | 9,476,516 | 0.7 | ||||||||||
594,983 | General Motors Co. | 19,902,181 | 1.6 | |||||||||||
3,122,460 | Kingfisher PLC | 8,209,858 | 0.6 | |||||||||||
167,879 | (1) | Michael Kors Holdings Ltd. | 6,365,972 | 0.5 | ||||||||||
61,047,922 | 4.7 | |||||||||||||
Consumer Staples: 3.4% | ||||||||||||||
437,028 | Mondelez International, Inc. | 17,494,231 | 1.3 | |||||||||||
252,520 | Philip Morris International, Inc. | 16,858,235 | 1.3 | |||||||||||
322,379 | (1) | US Foods Holding Corp. | 10,200,072 | 0.8 | ||||||||||
44,552,538 | 3.4 | |||||||||||||
Energy: 8.4% | ||||||||||||||
241,924 | Anadarko Petroleum Corp. | 10,605,948 | 0.8 | |||||||||||
240,672 | Apache Corp. | 6,317,640 | 0.5 | |||||||||||
2,196,846 | BP PLC | 13,887,773 | 1.1 | |||||||||||
297,437 | Canadian Natural Resources Ltd. | 7,176,659 | 0.6 | |||||||||||
548,350 | Devon Energy Corp. | 12,359,809 | 0.9 | |||||||||||
560,680 | Marathon Oil Corp. | 8,040,151 | 0.6 | |||||||||||
255,832 | Occidental Petroleum Corp. | 15,702,968 | 1.2 | |||||||||||
620,591 | Royal Dutch Shell PLC - Class A | 18,265,756 | 1.4 | |||||||||||
205,485 | Schlumberger Ltd. | 7,413,899 | 0.6 | |||||||||||
493,359 | TechnipFMC PLC | 9,659,970 | 0.7 | |||||||||||
109,430,573 | 8.4 | |||||||||||||
Financials: 18.0% | ||||||||||||||
515,577 | American International Group, Inc. | 20,318,890 | 1.6 | |||||||||||
57,157 | Aon PLC | 8,308,342 | 0.6 | |||||||||||
309,837 | AXA Equitable Holdings, Inc. | 5,152,589 | 0.4 | |||||||||||
1,250,507 | Bank of America Corp. | 30,812,492 | 2.4 | |||||||||||
633,459 | Citigroup, Inc. | 32,977,876 | 2.5 | |||||||||||
511,869 | Citizens Financial Group, Inc. | 15,217,865 | 1.2 | |||||||||||
393,402 | Fifth Third Bancorp | 9,256,749 | 0.7 | |||||||||||
350,203 | First Horizon National Corp. | 4,608,671 | 0.4 | |||||||||||
42,225 | Goldman Sachs Group, Inc. | 7,053,686 | 0.5 | |||||||||||
264,106 | JPMorgan Chase & Co. | 25,782,028 | 2.0 | |||||||||||
488,442 | Morgan Stanley | 19,366,725 | 1.5 | |||||||||||
65,789 | Northern Trust Corp. | 5,499,302 | 0.4 | |||||||||||
96,505 | PNC Financial Services Group, Inc. | 11,282,400 | 0.9 | |||||||||||
150,651 | State Street Corp. | 9,501,559 | 0.7 | |||||||||||
358,433 | Wells Fargo & Co. | 16,516,593 | 1.3 | |||||||||||
78,084 | Willis Towers Watson PLC | 11,857,836 | 0.9 | |||||||||||
233,513,603 | 18.0 | |||||||||||||
Health Care: 11.1% | ||||||||||||||
32,645 | Anthem, Inc. | 8,573,556 | 0.7 | |||||||||||
208,720 | Bristol-Myers Squibb Co. | 10,849,266 | 0.8 | |||||||||||
104,873 | (1) | Celgene Corp. | 6,721,310 | 0.5 | ||||||||||
306,518 | CVS Health Corp. | 20,083,059 | 1.5 | |||||||||||
202,799 | Johnson & Johnson | 26,171,211 | 2.0 | |||||||||||
100,778 | McKesson Corp. | 11,132,946 | 0.9 | |||||||||||
108,249 | Medtronic PLC | 9,846,329 | 0.8 | |||||||||||
178,229 | Merck & Co., Inc. | 13,618,478 | 1.0 | |||||||||||
178,397 | Novartis AG | 15,278,680 | 1.2 | |||||||||||
114,968 | Sanofi | 9,973,475 | 0.8 | |||||||||||
108,885 | Zimmer Biomet Holdings, Inc. | 11,293,552 | 0.9 | |||||||||||
143,541,862 | 11.1 | |||||||||||||
Industrials: 3.8% | ||||||||||||||
154,956 | CSX Corp. | 9,627,416 | 0.8 | |||||||||||
100,532 | General Dynamics Corp. | 15,804,636 | 1.2 | |||||||||||
117,814 | Ingersoll-Rand PLC - Class A | 10,748,171 | 0.8 | |||||||||||
433,204 | Johnson Controls International plc | 12,844,499 | 1.0 | |||||||||||
49,024,722 | 3.8 | |||||||||||||
Information Technology: 6.2% | ||||||||||||||
392,368 | Cisco Systems, Inc. | 17,001,305 | 1.3 | |||||||||||
148,719 | Cognizant Technology Solutions Corp. | 9,440,682 | 0.7 | |||||||||||
325,184 | Intel Corp. | 15,260,885 | 1.2 | |||||||||||
237,028 | Juniper Networks, Inc. | 6,378,424 | 0.5 | |||||||||||
380,305 | Oracle Corp. | 17,170,771 | 1.3 | |||||||||||
263,742 | Qualcomm, Inc. | 15,009,557 | 1.2 | |||||||||||
80,261,624 | 6.2 | |||||||||||||
Materials: 1.7% | ||||||||||||||
223,017 | BHP Billiton Ltd. | 5,390,553 | 0.4 | |||||||||||
55,873 | DowDuPont, Inc. | 2,988,088 | 0.2 | |||||||||||
257,517 | Mosaic Co. | 7,522,072 | 0.6 | |||||||||||
128,557 | Nutrien Ltd. | 6,042,179 | 0.5 | |||||||||||
21,942,892 | 1.7 | |||||||||||||
Utilities: 0.7% | ||||||||||||||
58,211 | Duke Energy Corp. | 5,023,609 | 0.4 | |||||||||||
119,805 | FirstEnergy Corp. | 4,498,678 | 0.3 | |||||||||||
9,522,287 | 0.7 | |||||||||||||
Total Common Stock | ||||||||||||||
(Cost $783,169,664) | 781,336,417 | 60.2 | ||||||||||||
PREFERRED STOCK: 0.7% | ||||||||||||||
Energy: 0.4% | ||||||||||||||
140,612 | (1),(2) | El Paso Energy Capital Trust I | 5,870,551 | 0.4 | ||||||||||
Financials: 0.3% | ||||||||||||||
75,900 | (1) | AMG Capital Trust II | 3,662,175 | 0.3 |
See Accompanying Notes to Financial Statements
48 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
4,000 | (1),(2),(3) | Wells Fargo & Co. | 98,280 | 0.0 | ||||||||||
3,760,455 | 0.3 | |||||||||||||
Total Preferred Stock | ||||||||||||||
(Cost $10,847,295) | 9,631,006 | 0.7 |
Principal Amount† | Value | Percentage of Net Assets | ||||||||||||
CORPORATE BONDS/NOTES: 12.9% | ||||||||||||||
Basic Materials: 0.1% | ||||||||||||||
770,000 | (4) | Basell Finance Co. BV, 8.100%, 03/15/2027 | 927,867 | 0.1 | ||||||||||
412,000 | Eastman Chemical Co., 2.700%, 01/15/2020 | 409,022 | 0.0 | |||||||||||
195,000 | International Paper Co., 6.000%, 11/15/2041 | 206,289 | 0.0 | |||||||||||
150,000 | Rio Tinto Finance USA Ltd., 7.125%, 07/15/2028 | 186,942 | 0.0 | |||||||||||
211,000 | Sherwin-Williams Co/The, 4.500%, 06/01/2047 | 191,258 | 0.0 | |||||||||||
1,921,378 | 0.1 | |||||||||||||
Communications: 1.5% | ||||||||||||||
1,830,000 | Amazon.com, Inc., 2.600%, 12/05/2019 | 1,825,635 | 0.2 | |||||||||||
455,000 | America Movil S.A.B de CV, 4.375%, 07/16/2042 | 438,681 | 0.0 | |||||||||||
837,000 | AT&T, Inc., 3.000%, 06/30/2022 | 816,914 | 0.1 | |||||||||||
466,000 | AT&T, Inc., 3.400%, 05/15/2025 | 438,664 | 0.0 | |||||||||||
533,000 | AT&T, Inc., 4.300%, 02/15/2030 | 505,113 | 0.0 | |||||||||||
747,000 | AT&T, Inc., 4.500%, 05/15/2035 | 673,197 | 0.1 | |||||||||||
1,300,000 | AT&T, Inc., 4.800%, 06/15/2044 | 1,170,289 | 0.1 | |||||||||||
2,960,000 | AT&T, Inc., 5.150%, 03/15/2042 | 2,777,262 | 0.2 | |||||||||||
271,000 | AT&T, Inc., 5.150%, 11/15/2046 | 253,054 | 0.0 | |||||||||||
101,000 | AT&T, Inc., 5.350%, 09/01/2040 | 98,664 | 0.0 | |||||||||||
1,635,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 4.464%, 07/23/2022 | 1,651,915 | 0.1 | |||||||||||
910,000 | Comcast Corp., 3.900%, 03/01/2038 | 845,035 | 0.1 | |||||||||||
1,055,000 | Comcast Corp., 4.150%, 10/15/2028 | 1,073,198 | 0.1 | |||||||||||
430,000 | Comcast Corp., 4.600%, 10/15/2038 | 435,526 | 0.0 | |||||||||||
512,000 | Comcast Corp., 4.700%, 10/15/2048 | 522,199 | 0.1 | |||||||||||
135,000 | Comcast Corp., 6.450%, 03/15/2037 | 161,448 | 0.0 | |||||||||||
125,000 | NBCUniversal Media LLC, 5.150%, 04/30/2020 | 128,334 | 0.0 | |||||||||||
210,000 | NBCUniversal Media LLC, 5.950%, 04/01/2041 | 241,777 | 0.0 | |||||||||||
1,595,000 | Orange SA, 1.625%, 11/03/2019 | 1,575,390 | 0.1 | |||||||||||
910,000 | Rogers Communications, Inc., 4.300%, 02/15/2048 | 870,491 | 0.1 | |||||||||||
415,000 | Rogers Communications, Inc., 4.500%, 03/15/2043 | 411,670 | 0.0 | |||||||||||
390,000 | Telefonica Emisiones SAU, 4.665%, 03/06/2038 | 354,250 | 0.0 | |||||||||||
860,000 | Telefonica Emisiones SAU, 5.213%, 03/08/2047 | 791,006 | 0.1 | |||||||||||
370,000 | Telefonica Emisiones SAU, 7.045%, 06/20/2036 | 423,115 | 0.0 | |||||||||||
136,000 | Verizon Communications, Inc., 4.125%, 08/15/2046 | 120,626 | 0.0 | |||||||||||
535,000 | Verizon Communications, Inc., 4.400%, 11/01/2034 | 517,590 | 0.0 | |||||||||||
833,000 | Verizon Communications, Inc., 4.812%, 03/15/2039 | 822,098 | 0.1 | |||||||||||
19,943,141 | 1.5 | |||||||||||||
Consumer, Cyclical: 1.1% | ||||||||||||||
2,650,000 | Advance Auto Parts, Inc., 4.500%, 12/01/2023 | 2,714,959 | 0.2 | |||||||||||
387,000 | Advance Auto Parts, Inc., 5.750%, 05/01/2020 | 396,444 | 0.0 | |||||||||||
137,000 | (4) | Alimentation Couche-Tard, Inc., 4.500%, 07/26/2047 | 126,078 | 0.0 | ||||||||||
587,198 | American Airlines 2014-1 Class A Pass Through Trust, 3.700%, 10/01/2026 | 570,669 | 0.0 | |||||||||||
159,073 | Continental Airlines 2010-1 Class A Pass Through Trust, 4.750%, 07/12/2022 | 161,296 | 0.0 | |||||||||||
291,719 | Continental Airlines 2012-1 Class A Pass Through Trust, 4.150%, 10/11/2025 | 291,821 | 0.0 | |||||||||||
595,000 | Dollar General Corp., 3.250%, 04/15/2023 | 582,281 | 0.1 | |||||||||||
368,000 | Ford Motor Credit Co. LLC, 3.096%, 05/04/2023 | 332,975 | 0.0 | |||||||||||
569,000 | Ford Motor Credit Co. LLC, 3.810%, 01/09/2024 | 525,661 | 0.0 | |||||||||||
1,056,000 | Ford Motor Credit Co. LLC, 4.134%, 08/04/2025 | 952,980 | 0.1 | |||||||||||
563,000 | General Motors Co., 6.600%, 04/01/2036 | 549,934 | 0.0 | |||||||||||
713,000 | General Motors Financial Co., Inc., 5.250%, 03/01/2026 | 698,888 | 0.1 | |||||||||||
896,000 | Home Depot, Inc., 2.000%, 04/01/2021 | 878,553 | 0.1 |
See Accompanying Notes to Financial Statements
49 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
725,000 | MDC Holdings, Inc., 6.000%, 01/15/2043 | 569,125 | 0.0 | |||||||||||
1,460,000 | QVC, Inc., 5.450%, 08/15/2034 | 1,279,647 | 0.1 | |||||||||||
733,967 | United Airlines 2014-2 Class A Pass Through Trust, 3.750%, 03/03/2028 | 719,247 | 0.1 | |||||||||||
600,000 | United Airlines 2018-1 Class AA Pass Through Trust, 3.500%, 09/01/2031 | 590,292 | 0.1 | |||||||||||
445,862 | (4) | Virgin Australia 2013-1A Pass Through Trust, 5.000%, 04/23/2025 | 452,505 | 0.0 | ||||||||||
1,000,000 | Walgreens Boots Alliance, Inc., 3.300%, 11/18/2021 | 996,033 | 0.1 | |||||||||||
737,000 | Walgreens Boots Alliance, Inc., 4.500%, 11/18/2034 | 709,500 | 0.1 | |||||||||||
14,098,888 | 1.1 | |||||||||||||
Consumer, Non-cyclical: 2.5% | ||||||||||||||
1,137,000 | AbbVie, Inc., 4.500%, 05/14/2035 | 1,055,863 | 0.1 | |||||||||||
985,000 | Allergan Funding SCS, 4.850%, 06/15/2044 | 934,502 | 0.1 | |||||||||||
1,475,000 | (4) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.700%, 02/01/2036 | 1,377,435 | 0.1 | ||||||||||
1,646,000 | (4) | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, 02/01/2046 | 1,531,739 | 0.1 | ||||||||||
465,000 | Anheuser-Busch InBev Finance, Inc., 2.650%, 02/01/2021 | 457,280 | 0.0 | |||||||||||
871,000 | Anheuser-Busch InBev Finance, Inc., 3.300%, 02/01/2023 | 848,860 | 0.1 | |||||||||||
315,000 | (4) | Bayer US Finance II LLC, 2.125%, 07/15/2019 | 312,571 | 0.0 | ||||||||||
498,000 | (4) | Bayer US Finance II LLC, 4.375%, 12/15/2028 | 476,706 | 0.0 | ||||||||||
1,200,000 | (4) | Bayer US Finance LLC, 2.375%, 10/08/2019 | 1,190,645 | 0.1 | ||||||||||
981,000 | (4) | Bayer US Finance LLC, 3.000%, 10/08/2021 | 959,778 | 0.1 | ||||||||||
442,000 | Becton Dickinson & Co., 2.675%, 12/15/2019 | 437,905 | 0.0 | |||||||||||
435,000 | Becton Dickinson & Co., 4.875%, 05/15/2044 | 413,763 | 0.0 | |||||||||||
325,000 | Celgene Corp., 4.000%, 08/15/2023 | 326,800 | 0.0 | |||||||||||
1,445,000 | Celgene Corp., 4.625%, 05/15/2044 | 1,275,420 | 0.1 | |||||||||||
107,000 | (4) | Cigna Corp., 4.800%, 08/15/2038 | 106,435 | 0.0 | ||||||||||
620,000 | CVS Health Corp., 3.375%, 08/12/2024 | 602,000 | 0.1 | |||||||||||
495,000 | CVS Health Corp., 4.100%, 03/25/2025 | 491,324 | 0.0 | |||||||||||
520,709 | CVS Pass-Through Trust, 6.036%, 12/10/2028 | 554,640 | 0.0 | |||||||||||
2,934,000 | (5) | DexCom, Inc., 0.750%, 05/15/2022 | 3,964,826 | 0.3 | ||||||||||
965,000 | (4) | ERAC USA Finance LLC, 2.350%, 10/15/2019 | 958,593 | 0.1 | ||||||||||
420,000 | Express Scripts Holding Co., 2.250%, 06/15/2019 | 418,260 | 0.0 | |||||||||||
1,400,000 | General Mills, Inc., 2.200%, 10/21/2019 | 1,389,646 | 0.1 | |||||||||||
1,910,000 | Gilead Sciences, Inc., 2.550%, 09/01/2020 | 1,894,678 | 0.2 | |||||||||||
755,000 | Gilead Sciences, Inc., 4.400%, 12/01/2021 | 779,417 | 0.1 | |||||||||||
80,000 | GlaxoSmithKline Capital, Inc., 6.375%, 05/15/2038 | 100,808 | 0.0 | |||||||||||
1,232,000 | (4) | Heineken NV, 3.500%, 01/29/2028 | 1,191,017 | 0.1 | ||||||||||
240,000 | Ingredion, Inc., 6.625%, 04/15/2037 | 286,668 | 0.0 | |||||||||||
963,000 | Laboratory Corp. of America Holdings, 3.200%, 02/01/2022 | 956,364 | 0.1 | |||||||||||
423,000 | Laboratory Corp. of America Holdings, 4.700%, 02/01/2045 | 395,730 | 0.0 | |||||||||||
730,000 | McKesson Corp., 2.284%, 03/15/2019 | 728,526 | 0.1 | |||||||||||
92,000 | Mead Johnson Nutrition Co., 4.125%, 11/15/2025 | 94,507 | 0.0 | |||||||||||
1,733,000 | Medtronic, Inc., 3.150%, 03/15/2022 | 1,728,921 | 0.1 | |||||||||||
576,000 | Medtronic, Inc., 4.375%, 03/15/2035 | 591,365 | 0.1 | |||||||||||
502,000 | Molson Coors Brewing Co., 1.450%, 07/15/2019 | 496,939 | 0.0 | |||||||||||
513,000 | Molson Coors Brewing Co., 4.200%, 07/15/2046 | 428,380 | 0.0 | |||||||||||
630,000 | Moodys Corp., 4.500%, 09/01/2022 | 648,514 | 0.1 | |||||||||||
574,000 | Mylan NV, 3.150%, 06/15/2021 | 562,421 | 0.1 | |||||||||||
275,000 | Philip Morris International, Inc., 3.600%, 11/15/2023 | 275,796 | 0.0 | |||||||||||
820,000 | Philip Morris International, Inc., 4.875%, 11/15/2043 | 815,768 | 0.1 | |||||||||||
79,000 | Zoetis, Inc., 4.700%, 02/01/2043 | 80,488 | 0.0 | |||||||||||
32,141,298 | 2.5 | |||||||||||||
Energy: 0.9% | ||||||||||||||
610,000 | Anadarko Petroleum Corp., 6.600%, 03/15/2046 | 676,555 | 0.1 | |||||||||||
392,000 | ConocoPhillips Co., 4.150%, 11/15/2034 | 374,312 | 0.0 | |||||||||||
460,000 | Enable Midstream Partners L.P., 2.400%, 05/15/2019 | 457,436 | 0.0 |
See Accompanying Notes to Financial Statements
50 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
182,000 | Energy Transfer Operating L.P., 4.200%, 09/15/2023 | 179,546 | 0.0 | |||||||||||
570,000 | Energy Transfer Operating L.P., 4.900%, 03/15/2035 | 512,385 | 0.0 | |||||||||||
615,000 | Enterprise Products Operating LLC, 2.550%, 10/15/2019 | 611,865 | 0.1 | |||||||||||
833,000 | Enterprise Products Operating LLC, 4.250%, 02/15/2048 | 742,316 | 0.1 | |||||||||||
175,000 | Enterprise Products Operating LLC, 5.250%, 01/31/2020 | 178,301 | 0.0 | |||||||||||
300,000 | Enterprise Products Operating LLC, 6.500%, 01/31/2019 | 300,666 | 0.0 | |||||||||||
250,000 | Husky Energy, Inc., 3.950%, 04/15/2022 | 251,468 | 0.0 | |||||||||||
700,000 | Kinder Morgan, Inc./DE, 5.300%, 12/01/2034 | 689,114 | 0.1 | |||||||||||
2,340,000 | MPLX L.P., 4.500%, 07/15/2023 | 2,365,573 | 0.2 | |||||||||||
973,000 | MPLX L.P., 4.500%, 04/15/2038 | 853,304 | 0.1 | |||||||||||
570,000 | Noble Energy, Inc., 5.250%, 11/15/2043 | 508,199 | 0.0 | |||||||||||
505,000 | Occidental Petroleum Corp., 3.400%, 04/15/2026 | 494,809 | 0.0 | |||||||||||
295,000 | Plains All American Pipeline L.P. / PAA Finance Corp., 3.650%, 06/01/2022 | 289,826 | 0.0 | |||||||||||
858,000 | Spectra Energy Partners L.P., 4.500%, 03/15/2045 | 779,698 | 0.1 | |||||||||||
544,000 | Suncor Energy, Inc., 3.600%, 12/01/2024 | 532,746 | 0.0 | |||||||||||
835,000 | Sunoco Logistics Partners Operations L.P., 5.300%, 04/01/2044 | 740,569 | 0.1 | |||||||||||
550,000 | Sunoco Logistics Partners Operations L.P., 5.500%, 02/15/2020 | 560,712 | 0.0 | |||||||||||
215,000 | Texas Eastern Transmission L.P., 7.000%, 07/15/2032 | 260,318 | 0.0 | |||||||||||
12,359,718 | 0.9 | |||||||||||||
Financial: 5.2% | ||||||||||||||
530,000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.950%, 02/01/2022 | 520,849 | 0.0 | |||||||||||
395,000 | American International Group, Inc., 2.300%, 07/16/2019 | 393,402 | 0.0 | |||||||||||
1,140,000 | American International Group, Inc., 4.375%, 01/15/2055 | 951,654 | 0.1 | |||||||||||
851,000 | Air Lease Corp., 3.000%, 09/15/2023 | 799,915 | 0.1 | |||||||||||
1,870,000 | Air Lease Corp., 4.250%, 09/15/2024 | 1,830,037 | 0.1 | |||||||||||
885,000 | Aircastle Ltd., 4.400%, 09/25/2023 | 871,280 | 0.1 | |||||||||||
410,000 | Allstate Corp., 3.280%, 12/15/2026 | 402,737 | 0.0 | |||||||||||
543,000 | American Express Co., 3.625%, 12/05/2024 | 531,481 | 0.0 | |||||||||||
615,000 | American Financial Group, Inc./OH, 4.500%, 06/15/2047 | 554,699 | 0.0 | |||||||||||
455,000 | (4) | ANZ New Zealand Int'l Ltd./London, 2.875%, 01/25/2022 | 446,406 | 0.0 | ||||||||||
440,000 | (4) | Apollo Management Holdings L.P., 4.000%, 05/30/2024 | 440,410 | 0.0 | ||||||||||
1,555,000 | (4) | Athene Global Funding, 4.000%, 01/25/2022 | 1,571,529 | 0.1 | ||||||||||
948,000 | Australia & New Zealand Banking Group Ltd./New York NY, 2.300%, 06/01/2021 | 926,002 | 0.1 | |||||||||||
720,000 | Bank of America Corp., 3.248%, 10/21/2027 | 666,569 | 0.1 | |||||||||||
455,000 | Bank of America Corp., 3.500%, 04/19/2026 | 438,642 | 0.0 | |||||||||||
2,730,000 | Bank of Montreal, 2.100%, 12/12/2019 | 2,704,513 | 0.2 | |||||||||||
725,000 | (4) | BBVA Bancomer SA/Texas, 4.375%, 04/10/2024 | 715,038 | 0.1 | ||||||||||
765,000 | Brookfield Asset Management, Inc., 4.000%, 01/15/2025 | 747,283 | 0.1 | |||||||||||
1,140,000 | Capital One Financial Corp., 3.200%, 01/30/2023 | 1,110,343 | 0.1 | |||||||||||
130,000 | (4) | Carlyle Holdings Finance LLC, 3.875%, 02/01/2023 | 130,763 | 0.0 | ||||||||||
630,000 | (3) | Citigroup, Inc., 3.668%, 07/24/2028 | 596,129 | 0.1 | ||||||||||
1,930,000 | Citigroup, Inc., 4.000%, 08/05/2024 | 1,908,975 | 0.2 | |||||||||||
520,000 | Citigroup, Inc., 4.750%, 05/18/2046 | 481,940 | 0.0 | |||||||||||
260,000 | Citigroup, Inc., 5.300%, 05/06/2044 | 260,330 | 0.0 | |||||||||||
560,000 | Citigroup, Inc., 6.675%, 09/13/2043 | 663,542 | 0.1 | |||||||||||
595,000 | Citizens Financial Group, Inc., 2.375%, 07/28/2021 | 579,992 | 0.0 | |||||||||||
325,000 | CNA Financial Corp., 5.875%, 08/15/2020 | 337,225 | 0.0 | |||||||||||
1,335,000 | (4) | Commonwealth Bank of Australia, 2.250%, 03/10/2020 | 1,323,294 | 0.1 | ||||||||||
895,000 | (3),(4) | Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands, 11.000%, 12/31/2199 | 927,444 | 0.1 | ||||||||||
472,000 | (4) | Credit Suisse AG, 6.500%, 08/08/2023 | 493,540 | 0.0 | ||||||||||
1,190,000 | Crown Castle International Corp., 3.800%, 02/15/2028 | 1,118,917 | 0.1 |
See Accompanying Notes to Financial Statements
51 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
60,000 | Crown Castle International Corp., 4.750%, 05/15/2047 | 55,760 | 0.0 | |||||||||||
620,000 | Discover Bank, 3.350%, 02/06/2023 | 604,019 | 0.1 | |||||||||||
2,275,000 | EPR Properties, 4.750%, 12/15/2026 | 2,255,147 | 0.2 | |||||||||||
820,000 | Goldman Sachs Group, Inc., 4.250%, 10/21/2025 | 786,294 | 0.1 | |||||||||||
355,000 | Goldman Sachs Group, Inc., 5.250%, 07/27/2021 | 368,641 | 0.0 | |||||||||||
835,000 | Government Properties Income Trust, 4.000%, 07/15/2022 | 822,390 | 0.1 | |||||||||||
840,000 | HCP, Inc., 3.875%, 08/15/2024 | 827,664 | 0.1 | |||||||||||
320,000 | HCP, Inc., 4.200%, 03/01/2024 | 321,126 | 0.0 | |||||||||||
350,000 | Hospitality Properties Trust, 4.500%, 06/15/2023 | 353,278 | 0.0 | |||||||||||
240,000 | Hospitality Properties Trust, 5.000%, 08/15/2022 | 245,311 | 0.0 | |||||||||||
670,000 | (4) | Jackson National Life Global Funding, 2.100%, 10/25/2021 | 646,776 | 0.1 | ||||||||||
620,000 | (4) | Jackson National Life Global Funding, 3.250%, 01/30/2024 | 608,302 | 0.1 | ||||||||||
550,000 | JPMorgan Chase & Co., 3.200%, 06/15/2026 | 518,743 | 0.0 | |||||||||||
1,270,000 | (3) | JPMorgan Chase & Co., 3.509%, 01/23/2029 | 1,204,242 | 0.1 | ||||||||||
1,270,000 | (3) | JPMorgan Chase & Co., 3.897%, 01/23/2049 | 1,118,264 | 0.1 | ||||||||||
675,000 | (3) | JPMorgan Chase & Co., 4.260%, 02/22/2048 | 630,185 | 0.1 | ||||||||||
665,000 | (3) | JPMorgan Chase & Co., 5.000%, 12/31/2199 | 642,556 | 0.1 | ||||||||||
443,000 | (4) | KKR Group Finance Co. III LLC, 5.125%, 06/01/2044 | 437,814 | 0.0 | ||||||||||
2,335,000 | (4) | Liberty Mutual Group, Inc., 4.850%, 08/01/2044 | 2,278,473 | 0.2 | ||||||||||
587,000 | Lifestorage L.P./CA, 3.500%, 07/01/2026 | 551,455 | 0.0 | |||||||||||
285,000 | Markel Corp., 5.000%, 03/30/2043 | 285,607 | 0.0 | |||||||||||
1,300,000 | (4) | MassMutual Global Funding II, 2.000%, 04/15/2021 | 1,266,132 | 0.1 | ||||||||||
670,000 | (4) | Metropolitan Life Global Funding I, 2.050%, 06/12/2020 | 659,357 | 0.1 | ||||||||||
740,000 | (4) | Mizuho Bank Ltd., 2.650%, 09/25/2019 | 737,490 | 0.1 | ||||||||||
2,360,000 | (4) | Mizuho Financial Group Cayman 3 Ltd., 4.600%, 03/27/2024 | 2,396,029 | 0.2 | ||||||||||
2,975,000 | Morgan Stanley, 2.375%, 07/23/2019 | 2,962,513 | 0.2 | |||||||||||
1,040,000 | Morgan Stanley, 4.000%, 07/23/2025 | 1,027,349 | 0.1 | |||||||||||
1,230,000 | National Australia Bank Ltd./New York, 1.875%, 07/12/2021 | 1,184,161 | 0.1 | |||||||||||
1,365,000 | National Australia Bank Ltd/New York, 2.000%, 01/14/2019 | 1,364,611 | 0.1 | |||||||||||
1,000,000 | (4) | Nationwide Financial Services, Inc., 5.300%, 11/18/2044 | 1,060,979 | 0.1 | ||||||||||
333,000 | Prudential Financial, Inc., 3.935%, 12/07/2049 | 299,414 | 0.0 | |||||||||||
259,000 | Reinsurance Group of America, Inc., 4.700%, 09/15/2023 | 270,530 | 0.0 | |||||||||||
690,000 | (4) | Reliance Standard Life Global Funding II, 3.050%, 01/20/2021 | 683,874 | 0.1 | ||||||||||
1,360,000 | (4) | Societe Generale SA, 2.625%, 09/16/2020 | 1,343,823 | 0.1 | ||||||||||
805,000 | (4) | Societe Generale SA, 5.000%, 01/17/2024 | 812,470 | 0.1 | ||||||||||
985,000 | (4) | Standard Chartered PLC, 3.050%, 01/15/2021 | 971,645 | 0.1 | ||||||||||
1,100,000 | Sumitomo Mitsui Banking Corp., 2.650%, 07/23/2020 | 1,088,918 | 0.1 | |||||||||||
590,000 | SunTrust Bank/Atlanta GA, 3.300%, 05/15/2026 | 559,928 | 0.0 | |||||||||||
670,000 | Synchrony Financial, 3.950%, 12/01/2027 | 565,667 | 0.0 | |||||||||||
616,000 | (4) | Teachers Insurance & Annuity Association of America, 4.270%, 05/15/2047 | 591,855 | 0.0 | ||||||||||
445,000 | Travelers Cos, Inc., 4.600%, 08/01/2043 | 463,032 | 0.0 | |||||||||||
585,000 | (4) | UBS Group Funding Switzerland AG, 4.125%, 04/15/2026 | 582,060 | 0.0 | ||||||||||
410,000 | US Bancorp, 3.100%, 04/27/2026 | 388,795 | 0.0 | |||||||||||
145,000 | Ventas Realty L.P., 5.700%, 09/30/2043 | 158,502 | 0.0 | |||||||||||
1,020,000 | Visa, Inc., 4.150%, 12/14/2035 | 1,057,902 | 0.1 | |||||||||||
965,000 | Wells Fargo & Co., 3.550%, 09/29/2025 | 936,230 | 0.1 | |||||||||||
470,000 | Wells Fargo & Co., 4.100%, 06/03/2026 | 459,632 | 0.0 | |||||||||||
2,000,000 | Wells Fargo & Co., 4.650%, 11/04/2044 | 1,889,373 | 0.1 | |||||||||||
315,000 | Willis North America, Inc., 3.600%, 05/15/2024 | 307,902 | 0.0 | |||||||||||
350,000 | WR Berkley Corp., 4.625%, 03/15/2022 | 359,996 | 0.0 | |||||||||||
67,457,096 | 5.2 |
See Accompanying Notes to Financial Statements
52 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Industrial: 0.7% | ||||||||||||||
305,000 | (4) | Aviation Capital Group LLC, 2.875%, 01/20/2022 | 295,324 | 0.0 | ||||||||||
1,095,000 | (4) | Aviation Capital Group LLC, 4.875%, 10/01/2025 | 1,095,697 | 0.1 | ||||||||||
970,000 | Avnet, Inc., 4.625%, 04/15/2026 | 949,616 | 0.1 | |||||||||||
435,000 | (4) | BAE Systems Holdings, Inc., 2.850%, 12/15/2020 | 429,385 | 0.0 | ||||||||||
224,000 | Burlington Northern Santa Fe LLC, 5.150%, 09/01/2043 | 251,672 | 0.0 | |||||||||||
330,000 | CSX Corp., 5.500%, 04/15/2041 | 367,499 | 0.0 | |||||||||||
1,015,000 | Deere & Co., 2.600%, 06/08/2022 | 993,830 | 0.1 | |||||||||||
295,000 | FedEx Corp., 4.900%, 01/15/2034 | 302,576 | 0.0 | |||||||||||
605,000 | FedEx Corp., 5.100%, 01/15/2044 | 598,422 | 0.1 | |||||||||||
703,000 | Packaging Corp. of America, 4.500%, 11/01/2023 | 721,320 | 0.1 | |||||||||||
285,000 | Precision Castparts Corp., 2.500%, 01/15/2023 | 277,265 | 0.0 | |||||||||||
410,000 | (4) | SMBC Aviation Capital Finance DAC, 2.650%, 07/15/2021 | 399,184 | 0.0 | ||||||||||
157,000 | Union Pacific Corp., 3.646%, 02/15/2024 | 157,878 | 0.0 | |||||||||||
730,000 | Union Pacific Corp., 4.150%, 01/15/2045 | 686,735 | 0.1 | |||||||||||
375,000 | Union Pacific Corp., 4.850%, 06/15/2044 | 393,952 | 0.0 | |||||||||||
330,000 | United Parcel Service, Inc., 3.400%, 11/15/2046 | 285,462 | 0.0 | |||||||||||
345,000 | United Technologies Corp., 4.450%, 11/16/2038 | 336,128 | 0.0 | |||||||||||
752,000 | Waste Management, Inc., 3.900%, 03/01/2035 | 732,765 | 0.1 | |||||||||||
9,274,710 | 0.7 | |||||||||||||
Technology: 0.6% | ||||||||||||||
1,146,000 | Apple, Inc., 2.150%, 02/09/2022 | 1,117,795 | 0.1 | |||||||||||
435,000 | Apple, Inc., 3.350%, 02/09/2027 | 426,015 | 0.0 | |||||||||||
1,030,000 | Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.625%, 01/15/2024 | 975,520 | 0.1 | |||||||||||
910,000 | (4) | Dell International LLC / EMC Corp., 5.450%, 06/15/2023 | 926,877 | 0.1 | ||||||||||
35,000 | (4) | Dell International LLC / EMC Corp., 8.350%, 07/15/2046 | 38,042 | 0.0 | ||||||||||
340,000 | DXC Technology Co., 4.450%, 09/18/2022 | 347,215 | 0.0 | |||||||||||
1,630,000 | Fiserv, Inc., 3.800%, 10/01/2023 | 1,641,786 | 0.1 | |||||||||||
649,000 | Microsoft Corp., 3.500%, 02/12/2035 | 621,202 | 0.1 | |||||||||||
795,000 | (4) | NXP BV / NXP Funding LLC, 5.350%, 03/01/2026 | 809,509 | 0.1 | ||||||||||
285,000 | Texas Instruments, Inc., 2.625%, 05/15/2024 | 275,597 | 0.0 | |||||||||||
7,179,558 | 0.6 | |||||||||||||
Utilities: 0.3% | ||||||||||||||
150,000 | (4) | Electricite de France SA, 4.600%, 01/27/2020 | 152,190 | 0.0 | ||||||||||
620,000 | (4) | Electricite de France SA, 4.875%, 01/22/2044 | 562,090 | 0.0 | ||||||||||
350,000 | (3),(4),(5) | Electricite de France SA, 5.625%, 12/31/2199 | 323,312 | 0.0 | ||||||||||
703,000 | NextEra Energy Capital Holdings, Inc., 3.550%, 05/01/2027 | 672,401 | 0.1 | |||||||||||
760,000 | NiSource, Inc., 4.375%, 05/15/2047 | 710,791 | 0.1 | |||||||||||
605,000 | Oglethorpe Power Corp., 4.550%, 06/01/2044 | 573,657 | 0.0 | |||||||||||
667,000 | Sempra Energy, 3.800%, 02/01/2038 | 575,116 | 0.1 | |||||||||||
3,569,557 | 0.3 | |||||||||||||
Total Corporate Bonds/Notes | ||||||||||||||
(Cost $170,876,610) | 167,945,344 | 12.9 | ||||||||||||
MUNICIPAL BONDS: 0.0% | ||||||||||||||
Georgia: 0.0% | ||||||||||||||
325,000 | Municipal Electric Authority of Georgia, 6.655%, 04/01/2057 | 357,617 | 0.0 | |||||||||||
Total Municipal Bonds | ||||||||||||||
(Cost $325,000) | 357,617 | 0.0 | ||||||||||||
U.S. TREASURY OBLIGATIONS: 12.5% | ||||||||||||||
U.S. Treasury Bonds: 1.0% | ||||||||||||||
12,806,200 | (5) | 3.000%, 08/15/2048 | 12,771,462 | 1.0 | ||||||||||
425,000 | 4.500%, 02/15/2036 | 524,476 | 0.0 | |||||||||||
13,295,938 | 1.0 | |||||||||||||
U.S. Treasury Notes: 11.5% | ||||||||||||||
6,230,000 | 1.250%, 01/31/2019 | 6,224,697 | 0.5 | |||||||||||
47,470,000 | 2.500%, 12/31/2020 | 47,463,702 | 3.7 | |||||||||||
180,000 | 2.625%, 11/15/2020 | 180,345 | 0.0 | |||||||||||
49,651,000 | 2.625%, 12/15/2021 | 49,877,512 | 3.8 | |||||||||||
38,411,700 | 2.625%, 12/31/2023 | 38,613,809 | 3.0 | |||||||||||
5,967,900 | 3.125%, 11/15/2028 | 6,195,458 | 0.5 | |||||||||||
148,555,523 | 11.5 | |||||||||||||
Total U.S. Treasury Obligations | ||||||||||||||
(Cost $160,312,788) | 161,851,461 | 12.5 |
See Accompanying Notes to Financial Statements
53 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
U.S. GOVERNMENT AGENCY OBLIGATIONS: 0.1% | ||||||||||||||
Federal National Mortgage Association: 0.1%(6) | ||||||||||||||
915,000 | 6.625%, 11/15/2030 | 1,228,415 | 0.1 | |||||||||||
Total U.S. Government Agency Obligations | ||||||||||||||
(Cost $1,022,594) | 1,228,415 | 0.1 | ||||||||||||
CONVERTIBLE BONDS/NOTES: 7.7% | ||||||||||||||
Communications: 2.7% | ||||||||||||||
3,989,000 | Ctrip.com International Ltd., 1.250%, 09/15/2022 | 3,866,921 | 0.3 | |||||||||||
5,342,000 | DISH Network Corp., 3.375%, 08/15/2026 | 4,327,105 | 0.3 | |||||||||||
1,319,000 | Finisar Corp., 0.500%, 12/15/2036 | 1,255,319 | 0.1 | |||||||||||
2,501,000 | (5) | FireEye, Inc., 1.000%, 06/01/2035 | 2,404,106 | 0.2 | ||||||||||
2,535,000 | FireEye, Inc., 1.625%, 06/01/2035 | 2,315,715 | 0.2 | |||||||||||
2,954,000 | (4) | GCI Liberty, Inc., 1.750%, 09/30/2046 | 2,891,165 | 0.2 | ||||||||||
1,807,000 | (4),(5) | Liberty Expedia Holdings, Inc., 1.000%, 06/30/2047 | 1,731,559 | 0.1 | ||||||||||
9,559,000 | Liberty Media Corp., 1.375%, 10/15/2023 | 10,259,675 | 0.8 | |||||||||||
1,933,000 | Liberty Media Corp., 2.250%, 09/30/2046 | 919,335 | 0.1 | |||||||||||
673,000 | Liberty Media Corp.-Liberty Formula One, 1.000%, 01/30/2023 | 694,819 | 0.0 | |||||||||||
2,327,000 | Viavi Solutions, Inc., 1.000%, 03/01/2024 | 2,302,027 | 0.2 | |||||||||||
2,258,000 | (4) | Viavi Solutions, Inc., 1.750%, 06/01/2023 | 2,261,161 | 0.2 | ||||||||||
35,228,907 | 2.7 | |||||||||||||
Consumer, Cyclical: 0.2% | ||||||||||||||
2,264,000 | (4) | Live Nation Entertainment, Inc., 2.500%, 03/15/2023 | 2,310,946 | 0.2 | ||||||||||
Consumer, Non-cyclical: 1.9% | ||||||||||||||
3,952,000 | BioMarin Pharmaceutical, Inc., 1.500%, 10/15/2020 | 4,406,480 | 0.3 | |||||||||||
3,140,000 | (4) | DexCom, Inc., 0.750%, 12/01/2023 | 3,179,423 | 0.3 | ||||||||||
514,000 | (4) | Insulet Corp., 1.375%, 11/15/2024 | 547,161 | 0.0 | ||||||||||
2,410,000 | Jazz Investments I Ltd., 1.875%, 08/15/2021 | 2,343,190 | 0.2 | |||||||||||
1,251,000 | Medicines Co/The, 2.750%, 07/15/2023 | 949,065 | 0.1 | |||||||||||
2,104,000 | Neurocrine Biosciences, Inc., 2.250%, 05/15/2024 | 2,516,872 | 0.2 | |||||||||||
2,762,000 | NuVasive, Inc., 2.250%, 03/15/2021 | 2,913,786 | 0.2 | |||||||||||
924,000 | Pacira Pharmaceuticals, Inc./DE, 2.375%, 04/01/2022 | 918,802 | 0.1 | |||||||||||
798,000 | (4) | Supernus Pharmaceuticals, Inc., 0.625%, 04/01/2023 | 754,110 | 0.1 | ||||||||||
1,309,000 | Wright Medical Group NV, 2.250%, 11/15/2021 | 1,798,862 | 0.1 | |||||||||||
3,694,000 | (4) | Wright Medical Group, Inc., 1.625%, 06/15/2023 | 3,780,225 | 0.3 | ||||||||||
24,107,976 | 1.9 | |||||||||||||
Energy: 0.5% | ||||||||||||||
1,298,000 | Chesapeake Energy Corp., 5.500%, 09/15/2026 | 1,047,956 | 0.1 | |||||||||||
2,490,000 | (5) | Ensco Jersey Finance Ltd., 3.000%, 01/31/2024 | 1,652,772 | 0.1 | ||||||||||
1,359,000 | Helix Energy Solutions Group, Inc., 4.250%, 05/01/2022 | 1,260,888 | 0.1 | |||||||||||
1,360,000 | Nabors Industries, Inc., 0.750%, 01/15/2024 | 841,956 | 0.1 | |||||||||||
1,677,000 | (4),(5) | Oil States International, Inc., 1.500%, 02/15/2023 | 1,382,888 | 0.1 | ||||||||||
6,186,460 | 0.5 | |||||||||||||
Technology: 2.4% | ||||||||||||||
3,443,000 | Citrix Systems, Inc., 0.500%, 04/15/2019 | 4,897,206 | 0.4 | |||||||||||
3,560,000 | (4) | Cree, Inc., 0.875%, 09/01/2023 | 3,453,439 | 0.3 | ||||||||||
2,544,000 | Microchip Technology, Inc., 1.625%, 02/15/2027 | 2,492,911 | 0.2 | |||||||||||
2,386,000 | Micron Technology, Inc., 3.000%, 11/15/2043 | 2,650,894 | 0.2 | |||||||||||
4,003,000 | Nuance Communications, Inc., 1.000%, 12/15/2035 | 3,487,189 | 0.3 | |||||||||||
1,819,000 | Nuance Communications, Inc., 1.250%, 04/01/2025 | 1,611,292 | 0.1 | |||||||||||
2,479,000 | ON Semiconductor Corp., 1.000%, 12/01/2020 | 2,739,295 | 0.2 | |||||||||||
790,000 | RealPage, Inc., 1.500%, 11/15/2022 | 1,024,678 | 0.1 | |||||||||||
3,899,000 | SanDisk LLC, 0.500%, 10/15/2020 | 3,282,880 | 0.2 | |||||||||||
726,000 | Silicon Laboratories, Inc., 1.375%, 03/01/2022 | 768,728 | 0.1 | |||||||||||
2,238,000 | (4) | Western Digital Corp., 1.500%, 02/01/2024 | 1,819,273 | 0.1 | ||||||||||
2,643,000 | Workday, Inc., 0.250%, 10/01/2022 | 3,242,266 | 0.2 | |||||||||||
31,470,051 | 2.4 | |||||||||||||
Total Convertible Bonds/Notes | ||||||||||||||
(Cost $101,571,975) | 99,304,340 | 7.7 |
See Accompanying Notes to Financial Statements
54 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
EQUITY-LINKED NOTES: 1.1% | ||||||||||||||
Financial: 1.1% | ||||||||||||||
9,000,000 | (4) | Credit Suisse AG, Convertible Basket (Basket of 5 Common Stocks), 0.500%, 06/24/2024 | 7,884,900 | 0.6 | ||||||||||
6,746,000 | GS Finance Corp (Guarantor: The Goldman Sachs Group, Inc.), Exchangeable Basket (Basket of 5 Common Stocks), 0.250%, 07/08/2024 | 5,878,734 | 0.5 | |||||||||||
Total Equity-Linked Notes | ||||||||||||||
(Cost $15,746,000) | 13,763,634 | 1.1 | ||||||||||||
STRUCTURED NOTES: 0.9% | ||||||||||||||
Financial: 0.9% | ||||||||||||||
5,915,000 | Wells Fargo Securities, LLC, Convertible Trust - Consumer Series 2018-1 (Linked to a basket of 5 Bonds), 0.250%, 01/17/2024 | 5,723,354 | 0.4 | |||||||||||
6,139,000 | Wells Fargo Securities, LLC, Convertible Trust - Healthcare Series 2018-1 (Linked to a basket of 4 Bonds), 0.250%, 02/05/2024 | 5,927,205 | 0.5 | |||||||||||
Total Structured Notes | ||||||||||||||
(Cost $12,054,593) | 11,650,559 | 0.9 | ||||||||||||
Total Long-Term Investments | ||||||||||||||
(Cost $1,255,926,519) | 1,247,068,793 | 96.1 | ||||||||||||
SHORT-TERM INVESTMENTS: 4.9% | ||||||||||||||
Securities Lending Collateral(7): 1.5% | ||||||||||||||
4,460,816 | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/18, 3.35%, due 01/02/19 (Repurchase Amount $4,461,635, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-10.000%, Market Value plus accrued interest $4,550,032, due 01/25/19-10/20/68) | 4,460,816 | 0.3 | |||||||||||
4,460,816 | Citigroup, Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $4,461,554, collateralized by various U.S. Government/U.S. Government Agency Obligations, 2.500%-8.000%, Market Value plus accrued interest $4,550,032, due 01/25/19-07/15/60) | 4,460,816 | 0.3 | |||||||||||
894,134 | Natwest Markets PLC, Repurchase Agreement dated 12/31/18, 2.90%, due 01/02/19 (Repurchase Amount $894,276, collateralized by various U.S. Government Securities, 0.125%-2.750%, Market Value plus accrued interest $912,017, due 07/15/22-09/09/49) | 894,134 | 0.1 | |||||||||||
4,460,816 | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/18, 3.02%, due 01/02/19 (Repurchase Amount $4,461,554, collateralized by various U.S. Government Agency Obligations, 3.000%-7.000%, Market Value plus accrued interest $4,550,032, due 10/01/25-10/20/48) | 4,460,816 | 0.4 | |||||||||||
4,460,816 | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/18, 3.37%, due 01/02/19 (Repurchase Amount $4,461,640, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $4,550,103, due 07/15/20-02/15/47) | 4,460,816 | 0.4 | |||||||||||
18,737,398 | 1.5 |
See Accompanying Notes to Financial Statements
55 |
VY®Invesco Equity and Income Portfolio | PORTFOLIO OF INVESTMENTS as ofDecember31, 2018(continued) |
Shares | Value | Percentage of Net Assets | ||||||||||||
Mutual Funds: 3.4% | ||||||||||||||
44,582,354 | (8) | BlackRock Liquidity Funds, FedFund, Institutional Class, 2.310% | ||||||||||||
(Cost $44,582,354) | 44,582,354 | 3.4 | ||||||||||||
Total Short-Term Investments | ||||||||||||||
(Cost $63,319,752) | 63,319,752 | 4.9 | ||||||||||||
Total Investments in Securities (Cost $1,319,246,271) | $ | 1,310,388,545 | 101.0 | |||||||||||
Liabilities in Excess of Other Assets | (13,292,161 | ) | (1.0 | ) | ||||||||||
Net Assets | $ | 1,297,096,384 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Non-income producing security. |
(2) | Preferred Stock may be called prior to convertible date. |
(3) | Variable rate security. Rate shown is the rate in effect as of December 31, 2018. |
(4) | Securities with purchases pursuant to Rule 144A or section 4(a)(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(5) | Security, or a portion of the security, is on loan. |
(6) | The Federal Housing Finance Agency (“FHFA”) placed the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association into conservatorship with FHFA as the conservator. As such, the FHFA oversees the continuing affairs of these companies. |
(7) | Represents securities purchased with cash collateral received for securities on loan. |
(8) | Rate shown is the 7-day yield as of December 31, 2018. |
See Accompanying Notes to Financial Statements
56 |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. |
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | The Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a)(2) | A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)) is attached hereto as EX-99.CERT. |
(a)(3) | Not applicable. |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): Voya Partners, Inc. | ||
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer | ||
Date: March 11, 2019 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer | ||
Date: March 11, 2019 | ||
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer | ||
Date: March 11, 2019 |