PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
1
Voya
High
Yield
Bond
Fund
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES
:
95.2%
Basic
Materials
:
6.1%
1,225,000
(1)
Arsenal
AIC
Parent
LLC,
8.000%,
10/01/2030
$
1,279,647
0.2
1,900,000
ATI,
Inc.,
7.250%,
08/15/2030
1,979,081
0.4
1,350,000
(1)
Axalta
Coating
Systems
Dutch
Holding
B
BV,
7.250%,
02/15/2031
1,417,477
0.3
450,000
(1)
Axalta
Coating
Systems
LLC,
3.375%,
02/15/2029
404,289
0.1
1,500,000
(1)
Cleveland-Cliffs,
Inc.,
4.625%,
03/01/2029
1,393,407
0.3
600,000
(1)(2)
Cleveland-Cliffs,
Inc.,
4.875%,
03/01/2031
543,189
0.1
1,400,000
(1)(2)
Coeur
Mining,
Inc.,
5.125%,
02/15/2029
1,290,121
0.2
1,660,000
(1)
Consolidated
Energy
Finance
SA,
5.625%,
10/15/2028
1,407,614
0.3
1,720,000
(1)
Constellium
SE,
5.625%,
06/15/2028
1,680,591
0.3
1,350,000
(1)(2)
First
Quantum
Minerals
Ltd.,
6.875%,
10/15/2027
1,152,650
0.2
2,100,000
(1)
Hudbay
Minerals,
Inc.,
4.500%,
04/01/2026
2,036,258
0.4
1,625,000
(1)
Illuminate
Buyer
LLC
/
Illuminate
Holdings
IV,
Inc.,
9.000%,
07/01/2028
1,555,774
0.3
1,550,000
(1)
INEOS
Quattro
Finance
2
PLC,
3.375%,
01/15/2026
1,478,776
0.3
1,575,000
(1)(3)
Iris
Holdings,
Inc.,
8.750%
(PIK
Rate
9.500%,
Cash
Rate
8.750%),
02/15/2026
1,338,655
0.3
1,770,000
(1)
Mativ
Holdings,
Inc.,
6.875%,
10/01/2026
1,699,840
0.3
1,075,000
(1)
NOVA
Chemicals
Corp.,
8.500%,
11/15/2028
1,128,653
0.2
425,000
(1)
Novelis
Corp.,
3.250%,
11/15/2026
400,377
0.1
1,325,000
(1)
Novelis
Corp.,
3.875%,
08/15/2031
1,169,557
0.2
525,000
(1)
Novelis
Corp.,
4.750%,
01/30/2030
494,578
0.1
1,400,000
(1)
Nufarm
Australia
Ltd.
/
Nufarm
Americas,
Inc.,
5.000%,
01/27/2030
1,300,040
0.2
550,000
(1)(2)
Olympus
Water
US
Holding
Corp.,
4.250%,
10/01/2028
495,528
0.1
800,000
(1)
Olympus
Water
US
Holding
Corp.,
7.125%,
10/01/2027
801,516
0.2
1,775,000
(1)
SPCM
SA,
3.125%,
03/15/2027
1,616,743
0.3
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Basic
Materials:
(continued)
1,575,000
(1)
Taseko
Mines
Ltd.,
7.000%,
02/15/2026
$
1,496,847
0.3
1,650,000
(1)
Trinseo
Materials
Operating
SCA
/
Trinseo
Materials
Finance,
Inc.,
5.125%,
04/01/2029
675,723
0.1
1,750,000
(1)
WR
Grace
Holdings
LLC,
5.625%,
08/15/2029
1,541,937
0.3
31,778,868
6.1
Communications
:
14.7%
1,170,000
(1)
Acuris
Finance
US,
Inc.
/
Acuris
Finance
Sarl,
5.000%,
05/01/2028
960,512
0.2
1,800,000
(1)
Altice
Financing
SA,
5.750%,
08/15/2029
1,599,738
0.3
1,509,000
(1)
Altice
France
Holding
SA,
6.000%,
02/15/2028
726,137
0.1
2,825,000
(1)
Altice
France
SA/
France,
5.500%,
10/15/2029
2,218,711
0.4
1,000,000
(1)
Altice
France
SA/
France,
8.125%,
02/01/2027
922,645
0.2
2,185,000
(2)
AMC
Networks,
Inc.,
4.250%,
02/15/2029
1,669,355
0.3
1,396,000
(1)
Beasley
Mezzanine
Holdings
LLC,
8.625%,
02/01/2026
923,105
0.2
2,575,000
(1)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.,
4.250%,
01/15/2034
2,095,965
0.4
3,675,000
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.,
4.500%,
05/01/2032
3,152,376
0.6
2,025,000
(1)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.,
5.000%,
02/01/2028
1,939,064
0.4
1,975,000
(1)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.,
5.125%,
05/01/2027
1,909,419
0.4
675,000
(1)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp.,
5.500%,
05/01/2026
670,926
0.1
1,850,000
(1)
CommScope,
Inc.,
4.750%,
09/01/2029
1,243,839
0.2
1,425,000
(1)
Connect
Finco
Sarl
/
Connect
US
Finco
LLC,
6.750%,
10/01/2026
1,417,711
0.3
659,000
CSC
Holdings
LLC,
5.250%,
06/01/2024
645,584
0.1
4,025,000
(1)
CSC
Holdings
LLC,
5.750%,
01/15/2030
2,509,749
0.5
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
2
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Communications:
(continued)
800,000
(1)
CSC
Holdings
LLC,
7.500%,
04/01/2028
$
599,236
0.1
1,900,000
(1)
CSC
Holdings
LLC,
11.250%,
05/15/2028
1,959,024
0.4
2,125,000
(1)
Directv
Financing
LLC
/
Directv
Financing
Co-
Obligor,
Inc.,
5.875%,
08/15/2027
1,998,343
0.4
1,950,000
DISH
DBS
Corp.,
5.125%,
06/01/2029
1,007,029
0.2
1,040,000
(1)
DISH
DBS
Corp.,
5.750%,
12/01/2028
831,454
0.2
1,475,000
DISH
DBS
Corp.,
7.375%,
07/01/2028
883,160
0.2
2,350,000
(1)
DISH
Network
Corp.,
11.750%,
11/15/2027
2,454,979
0.5
1,540,000
(1)
GCI
LLC,
4.750%,
10/15/2028
1,414,549
0.3
2,600,000
(1)
Gray
Escrow
II,
Inc.,
5.375%,
11/15/2031
1,964,556
0.4
1,175,000
(1)
iHeartCommunications,
Inc.,
5.250%,
08/15/2027
934,736
0.2
1,392,000
(1)
ION
Trading
Technologies
Sarl,
5.750%,
05/15/2028
1,229,359
0.2
736,000
(1)
LCPR
Senior
Secured
Financing
DAC,
5.125%,
07/15/2029
642,054
0.1
1,575,000
(1)
LCPR
Senior
Secured
Financing
DAC,
6.750%,
10/15/2027
1,544,232
0.3
2,465,000
(1)
Level
3
Financing,
Inc.,
3.750%,
07/15/2029
1,049,917
0.2
1,400,000
(1)
Level
3
Financing,
Inc.,
10.500%,
05/15/2030
1,358,889
0.3
2,415,000
(1)
Match
Group
Holdings
II
LLC,
4.625%,
06/01/2028
2,314,367
0.4
1,435,000
(1)
McGraw-Hill
Education,
Inc.,
8.000%,
08/01/2029
1,335,928
0.2
1,184,000
(1)
Millennium
Escrow
Corp.,
6.625%,
08/01/2026
841,789
0.2
1,105,000
(4)
Paramount
Global,
6.250%,
02/28/2057
969,122
0.2
2,075,000
(1)(2)
Scripps
Escrow,
Inc.,
5.875%,
07/15/2027
1,845,432
0.3
1,675,000
(1)
Sinclair
Television
Group,
Inc.,
4.125%,
12/01/2030
1,182,960
0.2
670,000
(1)
Sirius
XM
Radio,
Inc.,
3.125%,
09/01/2026
630,108
0.1
4,320,000
(1)
Sirius
XM
Radio,
Inc.,
5.000%,
08/01/2027
4,175,792
0.8
897,000
(1)
Spanish
Broadcasting
System,
Inc.,
9.750%,
03/01/2026
525,808
0.1
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Communications:
(continued)
1,475,000
(1)
Stagwell
Global
LLC,
5.625%,
08/15/2029
$
1,358,375
0.3
875,000
Telecom
Italia
Capital
SA,
6.000%,
09/30/2034
832,018
0.2
975,000
Telecom
Italia
Capital
SA,
6.375%,
11/15/2033
954,922
0.2
400,000
(1)
Telecom
Italia
SpA/
Milano,
5.303%,
05/30/2024
398,466
0.1
960,000
(1)
Uber
Technologies,
Inc.,
4.500%,
08/15/2029
917,608
0.2
1,500,000
(1)
Uber
Technologies,
Inc.,
8.000%,
11/01/2026
1,528,869
0.3
670,000
(1)
Univision
Communications,
Inc.,
4.500%,
05/01/2029
598,566
0.1
2,385,000
(1)
Univision
Communications,
Inc.,
6.625%,
06/01/2027
2,380,225
0.4
1,200,000
(1)
Viasat,
Inc.,
6.500%,
07/15/2028
986,820
0.2
950,000
(1)
Viasat,
Inc.,
7.500%,
05/30/2031
746,938
0.1
1,550,000
(1)
Viavi
Solutions,
Inc.,
3.750%,
10/01/2029
1,358,885
0.3
2,775,000
(1)
Virgin
Media
Vendor
Financing
Notes
IV
DAC,
5.000%,
07/15/2028
2,609,053
0.5
1,950,000
(1)
Vmed
O2
UK
Financing
I
PLC,
4.750%,
07/15/2031
1,743,068
0.3
2,275,000
(1)(2)
Zayo
Group
Holdings,
Inc.,
4.000%,
03/01/2027
1,826,358
0.3
76,537,830
14.7
Consumer,
Cyclical
:
19.9%
825,000
(1)
1011778
BC
ULC
/
New
Red
Finance,
Inc.,
3.500%,
02/15/2029
761,535
0.1
1,945,000
(1)
1011778
BC
ULC
/
New
Red
Finance,
Inc.,
4.000%,
10/15/2030
1,746,861
0.3
1,400,000
(1)
Adient
Global
Holdings
Ltd.,
4.875%,
08/15/2026
1,369,882
0.3
925,000
(1)(2)
Adient
Global
Holdings
Ltd.,
8.250%,
04/15/2031
980,217
0.2
575,000
(1)
Allison
Transmission,
Inc.,
3.750%,
01/30/2031
508,651
0.1
1,435,000
(1)(2)
Allison
Transmission,
Inc.,
5.875%,
06/01/2029
1,431,551
0.3
1,820,000
(1)(2)
American
Airlines,
Inc.,
7.250%,
02/15/2028
1,842,468
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
3
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Cyclical:
(continued)
616,667
(1)
American
Airlines,
Inc./
AAdvantage
Loyalty
IP
Ltd.,
5.500%,
04/20/2026
$
612,672
0.1
1,325,000
(1)
Arko
Corp.,
5.125%,
11/15/2029
1,148,052
0.2
1,285,000
Asbury
Automotive
Group,
Inc.,
4.500%,
03/01/2028
1,221,527
0.2
1,100,000
Asbury
Automotive
Group,
Inc.,
4.750%,
03/01/2030
1,028,081
0.2
1,560,000
(1)
Ashton
Woods
USA
LLC
/
Ashton
Woods
Finance
Co.,
4.625%,
08/01/2029
1,389,075
0.3
1,450,000
(1)
Banijay
Entertainment
SASU,
8.125%,
05/01/2029
1,494,247
0.3
1,925,000
Bath
&
Body
Works,
Inc.,
6.750%,
07/01/2036
1,939,805
0.4
345,000
(1)
Bath
&
Body
Works,
Inc.,
9.375%,
07/01/2025
364,617
0.1
1,175,000
(1)
Brinker
International,
Inc.,
5.000%,
10/01/2024
1,165,870
0.2
1,950,000
(1)(2)
Caesars
Entertainment,
Inc.,
4.625%,
10/15/2029
1,761,311
0.3
1,625,000
(1)
Caesars
Entertainment,
Inc.,
6.250%,
07/01/2025
1,630,645
0.3
1,420,000
(1)
Caesars
Entertainment,
Inc.,
7.000%,
02/15/2030
1,457,008
0.3
1,125,000
(1)
Carnival
Corp.,
4.000%,
08/01/2028
1,046,658
0.2
2,375,000
(1)
Carnival
Corp.,
6.000%,
05/01/2029
2,287,055
0.4
1,450,000
(1)
Carrols
Restaurant
Group,
Inc.,
5.875%,
07/01/2029
1,282,372
0.2
1,755,000
(1)
CCM
Merger,
Inc.,
6.375%,
05/01/2026
1,715,170
0.3
800,000
(2)
Delta
Air
Lines,
Inc.,
4.375%,
04/19/2028
774,797
0.1
600,000
Delta
Air
Lines,
Inc.,
7.375%,
01/15/2026
620,652
0.1
1,245,000
(1)
Dream
Finders
Homes,
Inc.,
8.250%,
08/15/2028
1,317,110
0.3
3,400,000
Ford
Motor
Credit
Co.
LLC,
2.700%,
08/10/2026
3,150,555
0.6
1,400,000
Ford
Motor
Credit
Co.
LLC,
4.542%,
08/01/2026
1,356,373
0.3
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Cyclical:
(continued)
465,000
(1)
Gap,
Inc.,
3.625%,
10/01/2029
$
398,145
0.1
1,425,000
(1)
Gap,
Inc.,
3.875%,
10/01/2031
1,175,559
0.2
875,000
(1)
Golden
Entertainment,
Inc.,
7.625%,
04/15/2026
877,962
0.2
1,475,000
(1)
Hilton
Domestic
Operating
Co.,
Inc.,
4.000%,
05/01/2031
1,352,575
0.3
1,525,000
(1)
Installed
Building
Products,
Inc.,
5.750%,
02/01/2028
1,487,660
0.3
1,695,000
(1)
Interface,
Inc.,
5.500%,
12/01/2028
1,569,101
0.3
425,000
(1)
International
Game
Technology
PLC,
4.125%,
04/15/2026
413,336
0.1
2,200,000
(1)
International
Game
Technology
PLC,
5.250%,
01/15/2029
2,155,613
0.4
2,025,000
(1)
LCM
Investments
Holdings
II
LLC,
4.875%,
05/01/2029
1,883,594
0.4
500,000
M/I
Homes,
Inc.,
3.950%,
02/15/2030
445,500
0.1
1,305,000
M/I
Homes,
Inc.,
4.950%,
02/01/2028
1,257,402
0.2
685,000
Macy's
Retail
Holdings
LLC,
4.500%,
12/15/2034
556,040
0.1
950,000
(1)
Macy's
Retail
Holdings
LLC,
6.125%,
03/15/2032
900,101
0.2
850,000
(1)
Melco
Resorts
Finance
Ltd.,
5.250%,
04/26/2026
819,852
0.2
1,675,000
(1)
Melco
Resorts
Finance
Ltd.,
5.375%,
12/04/2029
1,480,281
0.3
850,000
MGM
Resorts
International,
4.625%,
09/01/2026
830,157
0.2
840,000
MGM
Resorts
International,
4.750%,
10/15/2028
800,871
0.2
150,000
MGM
Resorts
International,
5.750%,
06/15/2025
149,515
0.0
2,175,000
(1)(2)
Michaels
Cos.,
Inc.,
5.250%,
05/01/2028
1,721,142
0.3
1,520,000
Murphy
Oil
USA,
Inc.,
4.750%,
09/15/2029
1,441,872
0.3
460,000
Murphy
Oil
USA,
Inc.,
5.625%,
05/01/2027
456,733
0.1
575,000
(1)
NCL
Corp.
Ltd.,
7.750%,
02/15/2029
579,013
0.1
350,000
(1)
NCL
Corp.
Ltd.,
8.375%,
02/01/2028
370,832
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
4
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Cyclical:
(continued)
1,155,000
(1)
NCL
Finance
Ltd.,
6.125%,
03/15/2028
$
1,106,665
0.2
1,725,000
(1)
Raising
Cane's
Restaurants
LLC,
9.375%,
05/01/2029
1,843,049
0.4
1,285,000
(1)
Ritchie
Bros
Holdings,
Inc.,
7.750%,
03/15/2031
1,371,558
0.3
4,450,000
(1)(2)
Royal
Caribbean
Cruises
Ltd.,
5.375%,
07/15/2027
4,407,931
0.8
1,125,000
(1)
Royal
Caribbean
Cruises
Ltd.,
11.625%,
08/15/2027
1,224,983
0.2
1,825,000
Sally
Holdings
LLC
/
Sally
Capital,
Inc.,
5.625%,
12/01/2025
1,826,595
0.3
1,950,000
Sands
China
Ltd.,
5.375%,
08/08/2025
1,923,492
0.4
1,400,000
(1)
Scientific
Games
Holdings
L.P./Scientific
Games
US
FinCo,
Inc.,
6.625%,
03/01/2030
1,325,261
0.3
1,725,000
(1)
Scientific
Games
International,
Inc.,
7.000%,
05/15/2028
1,743,934
0.3
1,850,000
(1)(2)
Sonic
Automotive,
Inc.,
4.625%,
11/15/2029
1,685,824
0.3
550,000
(1)
SRS
Distribution,
Inc.,
6.000%,
12/01/2029
513,462
0.1
1,350,000
(1)
SRS
Distribution,
Inc.,
6.125%,
07/01/2029
1,281,467
0.2
1,450,000
(1)
Staples,
Inc.,
7.500%,
04/15/2026
1,350,301
0.3
2,220,000
(1)
Station
Casinos
LLC,
4.500%,
02/15/2028
2,094,767
0.4
1,525,000
(1)
STL
Holding
Co.
LLC,
7.500%,
02/15/2026
1,490,062
0.3
1,550,000
(1)
Taylor
Morrison
Communities,
Inc.,
5.125%,
08/01/2030
1,501,136
0.3
1,450,000
(1)
Tempur
Sealy
International,
Inc.,
3.875%,
10/15/2031
1,227,653
0.2
275,000
(1)
Tempur
Sealy
International,
Inc.,
4.000%,
04/15/2029
248,676
0.0
1,520,000
United
Airlines
Holdings,
Inc.,
4.875%,
01/15/2025
1,502,591
0.3
825,000
(1)
United
Airlines,
Inc.,
4.375%,
04/15/2026
804,532
0.2
2,950,000
(1)
Viking
Cruises
Ltd.,
5.875%,
09/15/2027
2,849,331
0.5
1,375,000
(1)(2)
VistaJet
Malta
Finance
PLC
/
Vista
Management
Holding,
Inc.,
6.375%,
02/01/2030
961,375
0.2
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Cyclical:
(continued)
1,650,000
(1)
White
Cap
Buyer
LLC,
6.875%,
10/15/2028
$
1,599,282
0.3
1,750,000
(1)
William
Carter
Co.,
5.625%,
03/15/2027
1,729,218
0.3
2,275,000
(1)
Wynn
Las
Vegas
LLC
/
Wynn
Las
Vegas
Capital
Corp.,
5.250%,
05/15/2027
2,215,676
0.4
550,000
(1)
Wynn
Las
Vegas
LLC
/
Wynn
Las
Vegas
Capital
Corp.,
5.500%,
03/01/2025
547,546
0.1
1,000,000
(1)
ZF
North
America
Capital,
Inc.,
4.750%,
04/29/2025
989,295
0.2
1,475,000
(1)
ZF
North
America
Capital,
Inc.,
6.875%,
04/14/2028
1,529,419
0.3
103,422,754
19.9
Consumer,
Non-cyclical
:
17.4%
1,500,000
(1)(2)
1375209
BC
Ltd.,
9.000%,
01/30/2028
1,463,782
0.3
1,980,000
(1)
Acadia
Healthcare
Co.,
Inc.,
5.500%,
07/01/2028
1,952,327
0.4
1,735,000
(1)
ADT
Security
Corp.,
4.125%,
08/01/2029
1,598,542
0.3
1,375,000
(1)
AHP
Health
Partners,
Inc.,
5.750%,
07/15/2029
1,203,390
0.2
1,300,000
(1)
Albertsons
Cos.,
Inc.
/
Safeway,
Inc.
/
New
Albertsons
L.P.
/
Albertsons
LLC,
3.500%,
03/15/2029
1,181,898
0.2
700,000
(1)
Albertsons
Cos.,
Inc.
/
Safeway,
Inc.
/
New
Albertsons
L.P.
/
Albertsons
LLC,
4.875%,
02/15/2030
670,892
0.1
1,450,000
(1)
Albertsons
Cos.,
Inc.
/
Safeway,
Inc.
/
New
Albertsons
L.P.
/
Albertsons
LLC,
5.875%,
02/15/2028
1,451,879
0.3
1,750,000
(1)
Alta
Equipment
Group,
Inc.,
5.625%,
04/15/2026
1,690,154
0.3
775,000
(1)
APi
Group
DE,
Inc.,
4.125%,
07/15/2029
710,567
0.1
890,000
(1)
APi
Group
DE,
Inc.,
4.750%,
10/15/2029
836,992
0.2
1,650,000
(1)
Avis
Budget
Car
Rental
LLC
/
Avis
Budget
Finance,
Inc.,
8.000%,
02/15/2031
1,649,150
0.3
2,125,000
(2)
B&G
Foods,
Inc.,
5.250%,
09/15/2027
1,933,011
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
5
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical:
(continued)
1,650,000
(1)
Bausch
&
Lomb
Escrow
Corp.,
8.375%,
10/01/2028
$
1,742,714
0.3
1,625,000
(1)
Bausch
Health
Cos.,
Inc.,
4.875%,
06/01/2028
980,628
0.2
1,625,000
(1)
Bausch
Health
Cos.,
Inc.,
6.125%,
02/01/2027
1,098,597
0.2
1,645,000
(1)
BellRing
Brands,
Inc.,
7.000%,
03/15/2030
1,703,866
0.3
1,400,000
(1)(2)
Catalent
Pharma
Solutions,
Inc.,
3.125%,
02/15/2029
1,226,750
0.2
2,200,000
(1)
Cheplapharm
Arzneimittel
GmbH,
5.500%,
01/15/2028
2,082,658
0.4
975,000
(1)(2)
CHS/Community
Health
Systems,
Inc.,
4.750%,
02/15/2031
767,813
0.2
1,500,000
(1)
CHS/Community
Health
Systems,
Inc.,
5.250%,
05/15/2030
1,256,590
0.2
1,300,000
(1)
CHS/Community
Health
Systems,
Inc.,
5.625%,
03/15/2027
1,209,576
0.2
1,375,000
(1)
CHS/Community
Health
Systems,
Inc.,
6.875%,
04/15/2029
888,822
0.2
1,550,000
Cimpress
PLC,
7.000%,
06/15/2026
1,516,194
0.3
2,100,000
(1)
CPI
CG,
Inc.,
8.625%,
03/15/2026
2,040,287
0.4
625,000
(1)
DaVita,
Inc.,
3.750%,
02/15/2031
514,300
0.1
2,500,000
(1)
DaVita,
Inc.,
4.625%,
06/01/2030
2,184,687
0.4
2,250,000
Encompass
Health
Corp.,
4.750%,
02/01/2030
2,121,357
0.4
1,425,000
(1)
Graham
Holdings
Co.,
5.750%,
06/01/2026
1,417,589
0.3
702,000
(1)
IQVIA,
Inc.,
5.000%,
10/15/2026
695,764
0.1
1,000,000
(1)
IQVIA,
Inc.,
6.500%,
05/15/2030
1,026,358
0.2
2,170,000
(1)
Jazz
Securities
DAC,
4.375%,
01/15/2029
2,022,657
0.4
1,125,000
(1)
KeHE
Distributors
LLC
/
KeHE
Finance
Corp.,
8.625%,
10/15/2026
1,130,108
0.2
1,660,000
(1)
Legends
Hospitality
Holding
Co
LLC
/
Legends
Hospitality
Co-Issuer,
Inc.,
5.000%,
02/01/2026
1,658,547
0.3
1,985,000
(1)
Medline
Borrower
L.P.,
3.875%,
04/01/2029
1,797,128
0.3
2,225,000
(1)
Medline
Borrower
L.P.,
5.250%,
10/01/2029
2,100,214
0.4
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical:
(continued)
1,550,000
(1)(2)
ModivCare,
Inc.,
5.875%,
11/15/2025
$
1,532,361
0.3
935,000
(1)(2)
MPH
Acquisition
Holdings
LLC,
5.750%,
11/01/2028
760,713
0.1
1,625,000
(1)
NESCO
Holdings
II,
Inc.,
5.500%,
04/15/2029
1,504,092
0.3
811,000
New
Albertsons
L.P.,
7.450%,
08/01/2029
838,270
0.2
2,500,000
(1)(2)
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV,
5.125%,
04/30/2031
2,141,062
0.4
1,100,000
Perrigo
Finance
Unlimited
Co.,
4.375%,
03/15/2026
1,064,273
0.2
1,250,000
Perrigo
Finance
Unlimited
Co.,
4.650%,
06/15/2030
1,138,599
0.2
1,475,000
(1)
Post
Holdings,
Inc.,
4.625%,
04/15/2030
1,358,324
0.3
2,400,000
(1)
Post
Holdings,
Inc.,
5.625%,
01/15/2028
2,380,015
0.5
1,125,000
(1)
Prestige
Brands,
Inc.,
3.750%,
04/01/2031
984,679
0.2
2,825,000
(1)
Prime
Security
Services
Borrower
LLC
/
Prime
Finance,
Inc.,
6.250%,
01/15/2028
2,810,730
0.5
1,735,000
(1)(2)
Primo
Water
Holdings,
Inc.,
4.375%,
04/30/2029
1,600,620
0.3
1,610,000
(1)
Select
Medical
Corp.,
6.250%,
08/15/2026
1,619,087
0.3
1,590,000
(1)
Simmons
Foods,
Inc./
Simmons
Prepared
Foods,,
Inc.
./
Simmons
Pet
Food,,
Inc../Simmons
Feed,
4.625%,
03/01/2029
1,377,233
0.3
1,520,000
(1)
Teleflex,
Inc.,
4.250%,
06/01/2028
1,442,138
0.3
1,475,000
Tenet
Healthcare
Corp.,
4.250%,
06/01/2029
1,374,830
0.3
1,425,000
Tenet
Healthcare
Corp.,
5.125%,
11/01/2027
1,394,043
0.3
2,400,000
(2)
Tenet
Healthcare
Corp.,
6.125%,
10/01/2028
2,395,320
0.5
2,350,000
Tenet
Healthcare
Corp.,
6.125%,
06/15/2030
2,378,992
0.5
1,750,000
Teva
Pharmaceutical
Finance
Netherlands
III
BV,
4.750%,
05/09/2027
1,689,144
0.3
1,750,000
(1)
Triton
Water
Holdings,
Inc.,
6.250%,
04/01/2029
1,526,297
0.3
680,000
United
Rentals
North
America,
Inc.,
3.750%,
01/15/2032
602,430
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
6
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical:
(continued)
1,455,000
(2)
United
Rentals
North
America,
Inc.,
4.875%,
01/15/2028
$
1,421,549
0.3
405,000
(2)
United
Rentals
North
America,
Inc.,
5.250%,
01/15/2030
399,235
0.1
275,000
United
Rentals
North
America,
Inc.,
5.500%,
05/15/2027
275,798
0.1
1,575,000
(1)
Varex
Imaging
Corp.,
7.875%,
10/15/2027
1,591,121
0.3
1,425,000
(1)
VT
Topco,
Inc.,
8.500%,
08/15/2030
1,484,045
0.3
775,000
(1)
Williams
Scotsman
International,
Inc.,
4.625%,
08/15/2028
732,772
0.1
1,275,000
(1)
Williams
Scotsman
International,
Inc.,
6.125%,
06/15/2025
1,278,863
0.2
90,622,423
17.4
Energy
:
12.5%
1,290,000
(1)
Antero
Midstream
Partners
L.P.
/
Antero
Midstream
Finance
Corp.,
5.375%,
06/15/2029
1,241,694
0.2
1,565,000
(1)
Antero
Midstream
Partners
L.P.
/
Antero
Midstream
Finance
Corp.,
5.750%,
03/01/2027
1,553,829
0.3
990,000
(1)
Antero
Resources
Corp.,
5.375%,
03/01/2030
950,054
0.2
1,450,000
(1)
Archrock
Partners
L.P.
/
Archrock
Partners
Finance
Corp.,
6.250%,
04/01/2028
1,429,743
0.3
625,000
(1)
Archrock
Partners
L.P.
/
Archrock
Partners
Finance
Corp.,
6.875%,
04/01/2027
627,181
0.1
1,960,000
(1)
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp.,
5.875%,
06/30/2029
1,825,599
0.4
2,040,000
(1)
Chord
Energy
Corp.,
6.375%,
06/01/2026
2,042,060
0.4
1,575,000
(1)
CNX
Midstream
Partners
L.P.,
4.750%,
04/15/2030
1,416,378
0.3
2,175,000
(1)
Crescent
Energy
Finance
LLC,
7.250%,
05/01/2026
2,190,639
0.4
240,000
(1)
Crescent
Energy
Finance
LLC,
9.250%,
02/15/2028
249,200
0.0
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Energy:
(continued)
2,625,000
(1)
Crestwood
Midstream
Partners
L.P.
/
Crestwood
Midstream
Finance
Corp.,
6.000%,
02/01/2029
$
2,650,302
0.5
1,000,000
Delek
Logistics
Partners
L.P.
/
Delek
Logistics
Finance
Corp.,
6.750%,
05/15/2025
994,880
0.2
1,225,000
(1)
Delek
Logistics
Partners
L.P.
/
Delek
Logistics
Finance
Corp.,
7.125%,
06/01/2028
1,158,385
0.2
805,000
(1)
DT
Midstream,
Inc.,
4.125%,
06/15/2029
741,537
0.1
1,475,000
(1)
DT
Midstream,
Inc.,
4.375%,
06/15/2031
1,332,351
0.3
1,775,000
(1)
Earthstone
Energy
Holdings
LLC,
8.000%,
04/15/2027
1,841,671
0.4
1,850,000
(1)
Encino
Acquisition
Partners
Holdings
LLC,
8.500%,
05/01/2028
1,824,229
0.3
1,615,000
(1)
Enerflex
Ltd.,
9.000%,
10/15/2027
1,559,627
0.3
3,100,000
EnLink
Midstream
LLC,
5.375%,
06/01/2029
3,036,930
0.6
590,000
EnLink
Midstream
Partners
L.P.,
4.150%,
06/01/2025
577,235
0.1
1,555,000
EQM
Midstream
Partners
L.P.,
5.500%,
07/15/2028
1,541,722
0.3
945,000
(1)
EQM
Midstream
Partners
L.P.,
6.000%,
07/01/2025
945,157
0.2
1,150,000
(1)
Hess
Midstream
Operations
L.P.,
4.250%,
02/15/2030
1,059,322
0.2
1,075,000
(1)
Hess
Midstream
Operations
L.P.,
5.125%,
06/15/2028
1,038,151
0.2
400,000
(1)
Hess
Midstream
Operations
L.P.,
5.500%,
10/15/2030
387,593
0.1
975,000
(1)
Hilcorp
Energy
I
L.P.
/
Hilcorp
Finance
Co.,
5.750%,
02/01/2029
942,645
0.2
1,050,000
(1)
Hilcorp
Energy
I
L.P.
/
Hilcorp
Finance
Co.,
6.000%,
04/15/2030
1,019,714
0.2
1,075,000
(1)
Hilcorp
Energy
I
L.P.
/
Hilcorp
Finance
Co.,
6.000%,
02/01/2031
1,040,213
0.2
2,143,000
(1)
Kinetik
Holdings
L.P.,
5.875%,
06/15/2030
2,105,223
0.4
2,090,000
(1)
Matador
Resources
Co.,
6.875%,
04/15/2028
2,121,968
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
7
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Energy:
(continued)
1,350,000
(1)
Moss
Creek
Resources
Holdings,
Inc.,
7.500%,
01/15/2026
$
1,348,476
0.3
1,634,000
Murphy
Oil
Corp.,
6.375%,
07/15/2028
1,643,025
0.3
1,425,000
(1)
Northern
Oil
and
Gas,
Inc.,
8.750%,
06/15/2031
1,486,058
0.3
1,450,000
Occidental
Petroleum
Corp.,
5.500%,
12/01/2025
1,450,611
0.3
1,900,000
(1)
Permian
Resources
Operating
LLC,
5.875%,
07/01/2029
1,854,932
0.4
2,815,000
Southwestern
Energy
Co.,
5.375%,
02/01/2029
2,749,843
0.5
300,000
Southwestern
Energy
Co.,
5.700%,
01/23/2025
298,993
0.1
800,000
Sunoco
L.P.
/
Sunoco
Finance
Corp.,
4.500%,
05/15/2029
744,021
0.1
1,625,000
Sunoco
L.P.
/
Sunoco
Finance
Corp.,
4.500%,
04/30/2030
1,506,135
0.3
1,225,000
(1)
Tallgrass
Energy
Partners
L.P.
/
Tallgrass
Energy
Finance
Corp.,
7.500%,
10/01/2025
1,232,405
0.2
1,113,750
(1)
Transocean
Poseidon
Ltd.,
6.875%,
02/01/2027
1,110,669
0.2
230,000
(1)
Transocean
Titan
Financing
Ltd.,
8.375%,
02/01/2028
238,782
0.0
1,125,000
(1)
Transocean,
Inc.,
7.500%,
01/15/2026
1,106,405
0.2
1,950,000
(1)
Venture
Global
Calcasieu
Pass
LLC,
4.125%,
08/15/2031
1,720,457
0.3
1,900,000
(1)
Venture
Global
LNG,
Inc.,
8.125%,
06/01/2028
1,920,533
0.4
1,675,000
(1)
Venture
Global
LNG,
Inc.,
8.375%,
06/01/2031
1,676,654
0.3
1,275,000
(1)
Venture
Global
LNG,
Inc.,
9.500%,
02/01/2029
1,349,960
0.3
64,883,191
12.5
Financial
:
7.0%
370,000
(1)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer,
7.000%,
01/15/2031
390,531
0.1
925,000
(2)
Ally
Financial,
Inc.,
5.750%,
11/20/2025
919,943
0.2
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
900,000
Ally
Financial,
Inc.,
6.700%,
02/14/2033
$
901,996
0.2
1,675,000
(1)
Aretec
Escrow
Issuer,
Inc.,
7.500%,
04/01/2029
1,509,528
0.3
1,795,000
(1)
BroadStreet
Partners,
Inc.,
5.875%,
04/15/2029
1,677,040
0.3
1,425,000
(1)
Burford
Capital
Global
Finance
LLC,
6.875%,
04/15/2030
1,377,151
0.3
1,150,000
(1)
Freedom
Mortgage
Corp.,
6.625%,
01/15/2027
1,098,714
0.2
1,020,000
(1)
Freedom
Mortgage
Corp.,
12.250%,
10/01/2030
1,120,533
0.2
3,100,000
Icahn
Enterprises
L.P.
/
Icahn
Enterprises
Finance
Corp.,
5.250%,
05/15/2027
2,787,254
0.5
1,500,000
(1)
Ladder
Capital
Finance
Holdings
LLLP
/
Ladder
Capital
Finance
Corp.,
4.750%,
06/15/2029
1,354,575
0.3
650,000
(1)
Midcap
Financial
Issuer
Trust,
5.625%,
01/15/2030
580,125
0.1
1,370,000
(1)
Midcap
Financial
Issuer
Trust,
6.500%,
05/01/2028
1,283,176
0.2
1,525,000
(2)
MPT
Operating
Partnership
L.P.
/
MPT
Finance
Corp.,
4.625%,
08/01/2029
1,098,139
0.2
1,775,000
(2)
MPT
Operating
Partnership
L.P.
/
MPT
Finance
Corp.,
5.000%,
10/15/2027
1,451,492
0.3
1,050,000
(1)
Nationstar
Mortgage
Holdings,
Inc.,
5.000%,
02/01/2026
1,027,512
0.2
2,065,000
(1)
Nationstar
Mortgage
Holdings,
Inc.,
5.125%,
12/15/2030
1,869,852
0.4
1,240,000
(2)
Navient
Corp.,
4.875%,
03/15/2028
1,153,439
0.2
811,000
(2)
Navient
Corp.,
5.000%,
03/15/2027
783,746
0.1
550,000
Navient
Corp.,
6.750%,
06/25/2025
556,899
0.1
750,000
OneMain
Finance
Corp.,
4.000%,
09/15/2030
642,878
0.1
1,900,000
(2)
OneMain
Finance
Corp.,
5.375%,
11/15/2029
1,781,931
0.3
575,000
OneMain
Finance
Corp.,
7.125%,
03/15/2026
586,192
0.1
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
8
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
1,175,000
(1)
PRA
Group,
Inc.,
5.000%,
10/01/2029
$
971,255
0.2
2,225,000
(1)(2)
Realogy
Group
LLC
/
Realogy
Co-Issuer
Corp.,
5.750%,
01/15/2029
1,731,660
0.3
2,025,000
(1)
RHP
Hotel
Properties
L.P.
/
RHP
Finance
Corp.,
7.250%,
07/15/2028
2,106,631
0.4
350,000
(1)
RLJ
Lodging
Trust
L.P.,
3.750%,
07/01/2026
331,889
0.1
2,350,000
(1)
United
Wholesale
Mortgage
LLC,
5.750%,
06/15/2027
2,305,667
0.4
1,450,000
(1)(2)
Uniti
Group
L.P.
/
Uniti
Group
Finance,
Inc.
/
CSL
Capital
LLC,
10.500%,
02/15/2028
1,471,257
0.3
1,475,000
(1)
XHR
L.P.,
4.875%,
06/01/2029
1,359,404
0.3
375,000
(1)
XHR
L.P.,
6.375%,
08/15/2025
374,383
0.1
36,604,792
7.0
Industrial
:
13.0%
930,000
(1)
AmeriTex
HoldCo
Intermediate
LLC,
10.250%,
10/15/2028
954,413
0.2
2,300,000
(1)(3)
ARD
Finance
SA,
6.500%
(PIK
Rate
7.250%,
Cash
Rate
6.500%),
06/30/2027
1,077,056
0.2
1,325,000
(1)
Ardagh
Packaging
Finance
PLC
/
Ardagh
Holdings
USA,
Inc.,
5.250%,
08/15/2027
1,030,903
0.2
1,400,000
(2)
Ball
Corp.,
3.125%,
09/15/2031
1,208,605
0.2
600,000
Ball
Corp.,
4.875%,
03/15/2026
598,184
0.1
730,000
Ball
Corp.,
6.875%,
03/15/2028
758,884
0.2
1,095,000
(1)(2)
Bombardier,
Inc.,
7.500%,
02/01/2029
1,114,095
0.2
1,290,000
(1)
Bombardier,
Inc.,
7.875%,
04/15/2027
1,291,446
0.3
425,000
(1)(2)
Bombardier,
Inc.,
8.750%,
11/15/2030
453,030
0.1
1,570,000
(1)
Brundage-Bone
Concrete
Pumping
Holdings,
Inc.,
6.000%,
02/01/2026
1,571,154
0.3
2,300,000
(1)
Builders
FirstSource,
Inc.,
5.000%,
03/01/2030
2,223,477
0.4
295,000
(1)(2)
Cascades,
Inc.
/
Cascades
USA,
Inc.,
5.125%,
01/15/2026
288,504
0.1
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Industrial:
(continued)
1,800,000
(1)(2)
Cascades,
Inc.
/
Cascades
USA,
Inc.,
5.375%,
01/15/2028
$
1,743,831
0.3
1,745,000
(1)
Chart
Industries,
Inc.,
7.500%,
01/01/2030
1,826,137
0.4
1,550,000
(1)
Clean
Harbors,
Inc.,
6.375%,
02/01/2031
1,575,916
0.3
2,025,000
(1)
Emerald
Debt
Merger
Sub
LLC,
6.625%,
12/15/2030
2,070,805
0.4
2,390,000
(1)
Energizer
Holdings,
Inc.,
4.750%,
06/15/2028
2,212,154
0.4
2,275,000
(1)
Fortress
Transportation
and
Infrastructure
Investors
LLC,
5.500%,
05/01/2028
2,189,604
0.4
575,000
(1)
Fortress
Transportation
and
Infrastructure
Investors
LLC,
6.500%,
10/01/2025
573,682
0.1
1,780,000
(1)
GFL
Environmental,
Inc.,
4.000%,
08/01/2028
1,646,531
0.3
625,000
(1)
GFL
Environmental,
Inc.,
4.250%,
06/01/2025
616,155
0.1
990,000
(1)
GFL
Environmental,
Inc.,
4.375%,
08/15/2029
914,760
0.2
775,000
(1)
Global
Infrastructure
Solutions,
Inc.,
5.625%,
06/01/2029
708,661
0.1
800,000
(1)
Global
Infrastructure
Solutions,
Inc.,
7.500%,
04/15/2032
739,022
0.1
1,775,000
(1)
Graham
Packaging
Co.,
Inc.,
7.125%,
08/15/2028
1,599,639
0.3
1,650,000
Howmet
Aerospace,
Inc.,
5.900%,
02/01/2027
1,693,568
0.3
2,310,000
(1)
Imola
Merger
Corp.,
4.750%,
05/15/2029
2,197,616
0.4
775,000
(1)(3)
Intelligent
Packaging
Holdco
Issuer
L.P.,
9.000%
(PIK
Rate
9.750%,
Cash
Rate
9.000%),
01/15/2026
666,881
0.1
1,525,000
(1)
Intelligent
Packaging
Ltd.
Finco,
Inc.
/
Intelligent
Packaging
Ltd.
Co-Issuer
LLC,
6.000%,
09/15/2028
1,424,457
0.3
1,425,000
(1)
Maxim
Crane
Works
Holdings
Capital
LLC,
11.500%,
09/01/2028
1,478,423
0.3
1,925,000
(1)
New
Enterprise
Stone
&
Lime
Co.,
Inc.,
9.750%,
07/15/2028
1,933,075
0.4
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
9
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Industrial:
(continued)
1,650,000
(1)(2)
Owens-Brockway
Glass
Container,
Inc.,
7.250%,
05/15/2031
$
1,674,981
0.3
1,655,000
(1)
PGT
Innovations,
Inc.,
4.375%,
10/01/2029
1,650,892
0.3
1,315,000
(1)
Roller
Bearing
Co.
of
America,
Inc.,
4.375%,
10/15/2029
1,218,584
0.2
1,275,000
(1)
Rolls-Royce
PLC,
3.625%,
10/14/2025
1,229,419
0.2
1,400,000
(1)
Rolls-Royce
PLC,
5.750%,
10/15/2027
1,403,280
0.3
1,550,000
(1)
Sealed
Air
Corp.,
4.000%,
12/01/2027
1,456,341
0.3
275,000
(1)
Sealed
Air
Corp.,
5.125%,
12/01/2024
273,769
0.1
910,000
(1)(2)
Sealed
Air
Corp/Sealed
Air
Corp.
US,
6.125%,
02/01/2028
918,428
0.2
720,000
(1)
Sensata
Technologies
BV,
5.000%,
10/01/2025
721,320
0.1
2,180,000
(1)
Sensata
Technologies,
Inc.,
3.750%,
02/15/2031
1,924,483
0.4
1,625,000
(1)
Smyrna
Ready
Mix
Concrete
LLC,
8.875%,
11/15/2031
1,709,949
0.3
1,800,000
(1)
Standard
Industries,
Inc.,
3.375%,
01/15/2031
1,551,169
0.3
1,050,000
(1)
Standard
Industries,
Inc.,
4.375%,
07/15/2030
965,562
0.2
1,450,000
(1)
Summit
Materials
LLC
/
Summit
Materials
Finance
Corp.,
5.250%,
01/15/2029
1,404,231
0.3
1,095,000
(1)
Summit
Materials
LLC
/
Summit
Materials
Finance
Corp.,
6.500%,
03/15/2027
1,096,384
0.2
1,750,000
(2)
TransDigm,
Inc.,
4.625%,
01/15/2029
1,644,125
0.3
1,400,000
TransDigm,
Inc.,
5.500%,
11/15/2027
1,372,788
0.3
2,115,000
(1)
TransDigm,
Inc.,
6.250%,
03/15/2026
2,113,493
0.4
1,500,000
(1)
TransDigm,
Inc.,
6.875%,
12/15/2030
1,545,982
0.3
1,500,000
(1)
Weekley
Homes
LLC
/
Weekley
Finance
Corp.,
4.875%,
09/15/2028
1,400,284
0.3
67,656,132
13.0
Technology
:
2.5%
2,875,000
(1)
Cloud
Software
Group,
Inc.,
6.500%,
03/31/2029
2,740,596
0.5
Principal
Amount†
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Technology:
(continued)
1,125,000
(1)(2)
Cloud
Software
Group,
Inc.,
9.000%,
09/30/2029
$
1,070,227
0.2
1,175,000
(1)(2)
Consensus
Cloud
Solutions,
Inc.,
6.500%,
10/15/2028
1,067,001
0.2
1,075,000
(1)
Entegris
Escrow
Corp.,
5.950%,
06/15/2030
1,069,735
0.2
725,000
(1)(2)
Entegris,
Inc.,
3.625%,
05/01/2029
655,610
0.1
1,310,000
(1)
McAfee
Corp.,
7.375%,
02/15/2030
1,198,108
0.3
1,550,000
(1)
NCR
Atleos
Escrow
Corp.,
9.500%,
04/01/2029
1,648,225
0.3
850,000
(1)
Open
Text
Corp.,
3.875%,
12/01/2029
763,176
0.2
1,875,000
(1)
Open
Text
Holdings,
Inc.,
4.125%,
02/15/2030
1,699,012
0.3
1,375,000
(1)
Virtusa
Corp.,
7.125%,
12/15/2028
1,181,304
0.2
13,092,994
2.5
Utilities
:
2.1%
1,885,000
(1)
Atlantica
Sustainable
Infrastructure
PLC,
4.125%,
06/15/2028
1,768,294
0.3
1,175,000
(1)
Calpine
Corp.,
4.500%,
02/15/2028
1,118,335
0.2
925,000
(1)
Calpine
Corp.,
5.000%,
02/01/2031
849,174
0.2
1,350,000
(1)
Calpine
Corp.,
5.125%,
03/15/2028
1,295,195
0.3
250,000
(1)
Calpine
Corp.,
5.250%,
06/01/2026
246,835
0.0
1,540,000
TransAlta
Corp.,
7.750%,
11/15/2029
1,636,827
0.3
1,005,000
(1)
Vistra
Operations
Co.
LLC,
4.375%,
05/01/2029
939,292
0.2
1,350,000
(1)
Vistra
Operations
Co.
LLC,
5.500%,
09/01/2026
1,333,679
0.3
650,000
(1)
Vistra
Operations
Co.
LLC,
5.625%,
02/15/2027
641,562
0.1
1,000,000
(1)
Vistra
Operations
Co.
LLC,
7.750%,
10/15/2031
1,039,339
0.2
10,868,532
2.1
Total
Corporate
Bonds/
Notes
(Cost
$500,867,665)
495,467,516
95.2
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
10
Voya
High
Yield
Bond
Fund
Principal
Amount†
Value
Percentage
of
Net
Assets
BANK
LOANS
:
1.5%
Consumer,
Cyclical
:
0.2%
906,000
Hilton
Domestic
Operating
Company,
Inc.,
2023
Term
Loan
B4,
7.457%,
(TSFR1M+2.000%),
11/08/2030
$
909,802
0.2
Consumer,
Non-cyclical
:
0.3%
1,233,800
Nielsen
Consumer
Inc.,
2023
USD
Fifth
Amendment
Incremental
Term
Loan,
11.549%,
(TSFR3M+6.250%),
03/06/2028
1,210,152
0.3
Financial
:
1.0%
2,250,000
Acrisure
LLC,
2023
Term
Loan
B,
9.850%,
(TSFR3M+4.500%),
10/18/2030
2,259,843
0.4
3,055,000
HUB
International
Ltd.,
Term
Loan
B,
9.369%,
(TSFR3M+4.250%),
06/08/2030
3,072,820
0.6
5,332,663
1.0
Total
Bank
Loans
(Cost
$7,371,651)
7,452,617
1.5
Total
Long-Term
Investments
(Cost
$508,239,316)
502,920,133
96.7
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
10.9%
Commercial
Paper
:
1.7%
5,800,000
CVS
Caremark,
10.950
%,
01/02/2024
5,796,523
1.1
3,500,000
Duke
Energy
Co.,
9.180
%,
01/03/2024
3,497,362
0.6
Total
Commercial
Paper
(Cost
$9,298,065)
9,293,885
1.7
Time
Deposits
:
1.1%
1,150,000
(5)
Canadian
Imperial
Bank
of
Commerce,
5.310
%,
01/02/2024
(Cost
$1,150,000)
1,150,000
0.3
1,140,000
(5)
Credit
Agricole
Corporate
and
Investment
Bank,
5.300
%,
01/02/2024
(Cost
$1,140,000)
1,140,000
0.2
1,140,000
(5)
Landesbank
Hessen
Thueringen
Girozentrale,
5.320
%,
01/02/2024
(Cost
$1,140,000)
1,140,000
0.2
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Time
Deposits
(continued)
1,130,000
(5)
Mizuho
Bank
Ltd.,
5.320
%,
01/02/2024
(Cost
$1,130,000)
$
1,130,000
0.2
1,130,000
(5)
Royal
Bank
of
Canada,
5.320
%,
01/02/2024
(Cost
$1,130,000)
1,130,000
0.2
Total
Time
Deposits
(Cost
$5,690,000)
5,690,000
1.1
Repurchase
Agreements
:
8.0%
3,656,422
(5)
Bethesda
Securities
LLC,
Repurchase
Agreement
dated
12/29/2023,
5.470%,
due
01/02/2024
(Repurchase
Amount
$3,658,614,
collateralized
by
various
U.S.
Government
Agency
Obligations,
2.000%-5.881%,
Market
Value
plus
accrued
interest
$3,729,550,
due
10/01/27-01/01/57)
3,656,422
0.7
8,817,024
(5)
Cantor
Fitzgerald,
Repurchase
Agreement
dated
12/29/2023,
5.470%,
due
01/02/2024
(Repurchase
Amount
$8,822,309,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.613%,
Market
Value
plus
accrued
interest
$8,993,364,
due
08/01/25-09/20/73)
8,817,024
1.7
7,201,860
(5)
Citadel
Securities
LLC,
Repurchase
Agreement
dated
12/29/2023,
5.480%,
due
01/02/2024
(Repurchase
Amount
$7,206,185,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
5.250%,
Market
Value
plus
accrued
interest
$7,350,370,
due
01/23/24-11/15/53)
7,201,860
1.4
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
11
Voya
High
Yield
Bond
Fund
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
11,276,049
(5)
HSBC
Securities
USA,
Repurchase
Agreement
dated
12/29/2023,
5.340%,
due
01/02/2024
(Repurchase
Amount
$11,282,648,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
2.000%-
7.000%,
Market
Value
plus
accrued
interest
$11,501,570,
due
12/01/29-12/01/53)
$
11,276,049
2.2
6,282,767
(5)
JPMorgan
Chase
&
Co.,
Repurchase
Agreement
dated
12/29/2023,
5.330%,
due
01/02/2024
(Repurchase
Amount
$6,286,437,
collateralized
by
various
U.S.
Government
Securities,
2.500%-
5.000%,
Market
Value
plus
accrued
interest
$6,408,422,
due
02/15/29-08/15/53)
6,282,767
1.2
4,256,001
(5)
Mirae
Asset
Securities
USA
Inc.,
Repurchase
Agreement
dated
12/29/2023,
5.500%,
due
01/02/2024
(Repurchase
Amount
$4,258,566,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
8.000%,
Market
Value
plus
accrued
interest
$4,343,774,
due
02/02/24-04/20/71)
4,256,001
0.8
Total
Repurchase
Agreements
(Cost
$41,490,123)
41,490,123
8.0
Shares
RA
Value
Percentage
of
Net
Assets
Mutual
Funds
:
0.1%
492,000
(6)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$492,000)
$
492,000
0.1
Total
Short-Term
Investments
(Cost
$56,970,188)
$
56,966,008
10.9
Total
Investments
in
Securities
(Cost
$565,209,504)
$
559,886,141
107.6
Liabilities
in
Excess
of
Other
Assets
(39,589,638)
(7.6)
Net
Assets
$
520,296,503
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)
Security,
or
a
portion
of
the
security,
is
on
loan.
(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)
Variable
rate
security.
Rate
shown
is
the
rate
in
effect
as
of
December
31,
2023.
(5)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(6)
Rate
shown
is
the
7-day
yield
as
of
December
31,
2023.
Reference
Rate
Abbreviations:
TSFR1M
1-month
CME
Term
Secured
Overnight
Financing
Rate
TSFR3M
3-month
CME
Term
Secured
Overnight
Financing
Rate
PORTFOLIO
OF
INVESTMENTS
as
of
December
31,
2023
(Unaudited)
(continued)
12
Voya
High
Yield
Bond
Fund
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
December
31,
2023
in
valuing
the
assets
and
liabilities:
Quoted
Prices
in
Active
Markets
for
Identical
Investments
(Level
1)
Significant
Other
Observable
Inputs
(Level
2)
Significant
Unobservable
Inputs
(Level
3)
Fair
Value
at
December
31,
2023
Asset
Table
Investments,
at
fair
value
Corporate
Bonds/Notes
$
—
$
495,467,516
$
—
$
495,467,516
Bank
Loans
—
7,452,617
—
7,452,617
Short-Term
Investments
492,000
56,474,008
—
56,966,008
Total
Investments,
at
fair
value
$
492,000
$
559,394,141
$
—
$
559,886,141
Net
unrealized
depreciation
consisted
of:
Gross
Unrealized
Appreciation
$
9,142,536
Gross
Unrealized
Depreciation
(14,465,900)
Net
Unrealized
Depreciation
$
(5,323,364)