Voya Intermediate Bond Fund Class I (IICIX) NPORT-P Voya Short Duration High Income Fund (Dec 2024 report)

PORTFOLIO

OF

INVESTMENTS

as

of

December

31,

2024

(Unaudited)

1

Voya

Short

Duration

High

Income

Fund

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES

:

83.4%

Basic

Materials

:

2.5%

1,000,000 

Cleveland-Cliffs,

Inc.,

5.875%,

06/01/2027

$

995,181

0.5

1,856,000 

(1)(2)

Cleveland-Cliffs,

Inc.,

6.750%,

04/15/2030

1,817,199

0.8

2,293,000 

(2)

Cleveland-Cliffs,

Inc.,

6.875%,

11/01/2029

2,271,034

1.0

400,000 

(2)

INEOS

Quattro

Finance

2

PLC,

9.625%,

03/15/2029

422,884

0.2

5,506,298

2.5

Communications

:

8.2%

1,600,000 

(2)

Gen

Digital,

Inc.,

6.750%,

09/30/2027

1,625,503

0.7

1,500,000 

(2)

ION

Trading

Technologies

Sarl,

5.750%,

05/15/2028

1,425,842

0.6

3,250,000 

(2)

ION

Trading

Technologies

Sarl,

9.500%,

05/30/2029

3,414,622

1.5

3,900,000 

(2)

Millennium

Escrow

Corp.,

6.625%,

08/01/2026

3,047,850

1.4

1,000,000 

(2)

Summer

BC

Bidco

B

LLC,

5.500%,

10/31/2026

984,490

0.5

2,300,000 

(2)

Townsquare

Media,

Inc.,

6.875%,

02/01/2026

2,294,942

1.0

1,088,000 

(2)

Uber

Technologies,

Inc.,

7.500%,

09/15/2027

1,108,404

0.5

500,000 

(2)

Univision

Communications,

Inc.,

6.625%,

06/01/2027

498,574

0.2

3,950,000 

(2)

Univision

Communications,

Inc.,

8.000%,

08/15/2028

4,026,338

1.8

18,426,565

8.2

Consumer,

Cyclical

:

19.8%

1,358,000 

(2)

Caesars

Entertainment,

Inc.,

8.125%,

07/01/2027

1,372,690

0.6

1,000,000 

(2)

Delta

Air

Lines,

Inc.,

7.000%,

05/01/2025

1,004,430

0.5

3,000,000 

(2)

eG

Global

Finance

PLC,

12.000%,

11/30/2028

3,358,545

1.5

2,000,000 

Ford

Motor

Credit

Co.

LLC,

6.950%,

03/06/2026

2,036,242

0.9

500,000 

(2)

Gates

Corp.,

6.875%,

07/01/2029

509,234

0.2

1,562,000 

General

Motors

Co.,

6.125%,

10/01/2025

1,574,573

0.7

2,000,000 

(2)

Genting

New

York

LLC

/

GENNY

Capital,

Inc.,

7.250%,

10/01/2029

2,062,387

0.9

5,000,000 

(2)

Global

Auto

Holdings

Ltd./AAG

FH

UK

Ltd.,

8.375%,

01/15/2029

4,667,872

2.1

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Consumer,

Cyclical:

(continued)

2,000,000 

(2)

Global

Auto

Holdings

Ltd./AAG

FH

UK

Ltd.,

11.500%,

08/15/2029

$

2,037,527

0.9

1,938,000 

Goodyear

Tire

&

Rubber

Co.,

9.500%,

05/31/2025

1,951,780

0.9

1,500,000 

(2)

Group

1

Automotive,

Inc.,

6.375%,

01/15/2030

1,506,746

0.7

2,750,000 

(2)

JetBlue

Airways

Corp.

/

JetBlue

Loyalty

L.P.,

9.875%,

09/20/2031

2,924,727

1.3

1,500,000 

(2)

LGI

Homes,

Inc.,

8.750%,

12/15/2028

1,574,358

0.7

1,500,000 

MGM

Resorts

International,

6.125%,

09/15/2029

1,499,271

0.7

1,000,000 

(2)

Mileage

Plus

Holdings

LLC

/

Mileage

Plus

Intellectual

Property

Assets

Ltd.,

6.500%,

06/20/2027

1,007,023

0.5

1,200,000 

(2)

OneSky

Flight

LLC,

8.875%,

12/15/2029

1,202,214

0.5

822,000 

(2)

Six

Flags

Theme

Parks,

Inc.,

7.000%,

07/01/2025

823,993

0.4

2,500,000 

(2)

Specialty

Building

Products

Holdings

LLC

/

SBP

Finance

Corp.,

7.750%,

10/15/2029

2,545,803

1.1

750,000 

(2)

Velocity

Vehicle

Group

LLC,

8.000%,

06/01/2029

780,795

0.3

1,500,000 

(2)

Victra

Holdings

LLC

/

Victra

Finance

Corp.,

8.750%,

09/15/2029

1,575,584

0.7

1,500,000 

(1)(2)

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding,

Inc.,

7.875%,

05/01/2027

1,461,777

0.7

6,750,000 

(1)(2)

VistaJet

Malta

Finance

PLC

/

Vista

Management

Holding,

Inc.,

9.500%,

06/01/2028

6,800,261

3.0

44,277,832

19.8

Consumer,

Non-cyclical

:

9.8%

1,000,000 

(2)

Albion

Financing

1

Sarl

/

Aggreko

Holdings,

Inc.,

6.125%,

10/15/2026

1,001,019

0.5

2,450,000 

(2)

Albion

Financing

2SARL,

8.750%,

04/15/2027

2,508,114

1.1

750,000 

(2)

Brink's

Co.,

6.500%,

06/15/2029

760,698

0.3

PORTFOLIO

OF

INVESTMENTS

as

of

December

31,

2024

(Unaudited)

(continued)

2

Voya

Short

Duration

High

Income

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Consumer,

Non-cyclical:

(continued)

7,000,000 

(1)(2)

Champions

Financing,

Inc.,

8.750%,

02/15/2029

$

6,833,115

3.1

1,000,000 

(2)

Dcli

Bidco

LLC,

7.750%,

11/15/2029

1,026,223

0.5

1,300,000 

HCA,

Inc.,

5.875%,

02/15/2026

1,306,979

0.6

3,250,000 

(2)

Herc

Holdings,

Inc.,

5.500%,

07/15/2027

3,221,244

1.4

3,500,000 

(2)

Mobius

Merger

Sub,

Inc.,

9.000%,

06/01/2030

3,395,565

1.5

413,373 

(2)(3)

Radiology

Partners,

Inc.,

7.775%

(PIK

Rate

3.500%,

Cash

Rate

4.275%),

01/31/2029

408,722

0.2

1,400,000 

(2)

WASH

Multifamily

Acquisition,

Inc.,

5.750%,

04/15/2026

1,395,734

0.6

21,857,413

9.8

Energy

:

16.8%

3,000,000 

(2)

Buckeye

Partners

L.P.,

6.875%,

07/01/2029

3,039,360

1.4

2,993,000 

(2)

CITGO

Petroleum

Corp.,

7.000%,

06/15/2025

3,004,930

1.4

600,000 

(2)

CITGO

Petroleum

Corp.,

8.375%,

01/15/2029

618,733

0.3

2,000,000 

(2)

CVR

Energy,

Inc.,

5.750%,

02/15/2028

1,844,805

0.8

4,750,000 

(2)

CVR

Energy,

Inc.,

8.500%,

01/15/2029

4,560,734

2.0

1,050,000 

(2)

Delek

Logistics

Partners

L.P.

/

Delek

Logistics

Finance

Corp.,

7.125%,

06/01/2028

1,050,165

0.5

1,500,000 

(2)

Delek

Logistics

Partners

L.P.

/

Delek

Logistics

Finance

Corp.,

8.625%,

03/15/2029

1,552,293

0.7

1,500,000 

Genesis

Energy

L.P.

/

Genesis

Energy

Finance

Corp.,

8.250%,

01/15/2029

1,516,290

0.7

500,000 

Global

Partners

L.P.

/

GLP

Finance

Corp.,

6.875%,

01/15/2029

496,659

0.2

1,000,000 

Global

Partners

L.P.

/

GLP

Finance

Corp.,

7.000%,

08/01/2027

1,008,765

0.5

2,000,000 

HF

Sinclair

Corp.,

6.375%,

04/15/2027

2,030,176

0.9

675,000 

(2)

Martin

Midstream

Partners

L.P.

/

Martin

Midstream

Finance

Corp.,

11.500%,

02/15/2028

733,999

0.3

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Energy:

(continued)

9,588,763 

(2)

NFE

Financing

LLC,

12.000%,

11/15/2029

$

10,082,292

4.5

1,100,000 

(1)(2)

Sunnova

Energy

Corp.,

5.875%,

09/01/2026

919,659

0.4

6,000,000 

(1)(2)

Sunnova

Energy

Corp.,

11.750%,

10/01/2028

4,322,700

1.9

625,000 

(2)

Sunoco

L.P.

/

Sunoco

Finance

Corp.,

7.000%,

09/15/2028

639,899

0.3

37,421,459

16.8

Financial

:

18.4%

365,000 

(2)

Bread

Financial

Holdings,

Inc.,

7.000%,

01/15/2026

365,777

0.2

1,000,000 

(2)

Freedom

Mortgage

Corp.,

12.000%,

10/01/2028

1,088,556

0.5

4,250,000 

(2)

Freedom

Mortgage

Holdings

LLC,

9.250%,

02/01/2029

4,390,068

2.0

4,250,000 

(2)

Global

Aircraft

Leasing

Co.

Ltd.,

8.750%,

09/01/2027

4,325,501

1.9

1,500,000 

(2)

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

3.750%,

09/15/2030

1,322,901

0.6

4,750,000 

(2)

HAT

Holdings

I

LLC

/

HAT

Holdings

II

LLC,

8.000%,

06/15/2027

4,955,058

2.2

250,000 

(2)

Iron

Mountain,

Inc.,

7.000%,

02/15/2029

255,628

0.1

5,457,000 

(2)

LD

Holdings

Group

LLC,

6.125%,

04/01/2028

4,713,948

2.1

998,000 

(2)

LD

Holdings

Group

LLC,

8.750%,

11/01/2027

959,930

0.4

4,000,000 

(2)

Nationstar

Mortgage

Holdings,

Inc.,

6.000%,

01/15/2027

3,982,059

1.8

1,000,000 

(2)

Nationstar

Mortgage

Holdings,

Inc.,

6.500%,

08/01/2029

999,341

0.5

500,000 

(2)

PennyMac

Financial

Services,

Inc.,

7.125%,

11/15/2030

506,834

0.2

2,500,000 

(2)

Provident

Funding

Associates

L.P.

/

PFG

Finance

Corp.,

9.750%,

09/15/2029

2,571,165

1.2

250,000 

(2)

RHP

Hotel

Properties

L.P.

/

RHP

Finance

Corp.,

7.250%,

07/15/2028

257,960

0.1

5,750,000 

(2)

Saks

Global

Enterprises

LLC,

11.000%,

12/15/2029

5,544,695

2.5

500,000 

SLM

Corp.,

4.200%,

10/29/2025

495,903

0.2

PORTFOLIO

OF

INVESTMENTS

as

of

December

31,

2024

(Unaudited)

(continued)

3

Voya

Short

Duration

High

Income

Fund

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial:

(continued)

2,250,000 

(2)

United

Wholesale

Mortgage

LLC,

5.500%,

11/15/2025

$

2,240,537

1.0

2,000,000 

(2)

UWM

Holdings

LLC,

6.625%,

02/01/2030

1,989,554

0.9

40,965,415

18.4

Industrial

:

1.7%

800,000 

(2)

AAR

Escrow

Issuer

LLC,

6.750%,

03/15/2029

812,010

0.4

2,000,000 

(2)

Esab

Corp.,

6.250%,

04/15/2029

2,027,379

0.9

1,000,000 

Hillenbrand,

Inc.,

6.250%,

02/15/2029

1,000,600

0.4

3,839,989

1.7

Technology

:

2.3%

3,086,000 

(2)

Consensus

Cloud

Solutions,

Inc.,

6.000%,

10/15/2026

3,062,987

1.3

2,200,000 

(2)

Consensus

Cloud

Solutions,

Inc.,

6.500%,

10/15/2028

2,184,098

1.0

5,247,085

2.3

Utilities

:

3.9%

2,000,000 

AmeriGas

Partners

L.P.

/

AmeriGas

Finance

Corp.,

5.750%,

05/20/2027

1,859,033

0.9

6,500,000 

(2)

AmeriGas

Partners

L.P.

/

AmeriGas

Finance

Corp.,

9.375%,

06/01/2028

6,259,618

2.8

500,000 

(2)

Calpine

Corp.,

5.250%,

06/01/2026

499,706

0.2

8,618,357

3.9

Total

Corporate

Bonds/

Notes

(Cost

$184,179,537)

186,160,413

83.4

BANK

LOANS

:

7.3%

Consumer,

Cyclical

:

1.8%

3,969,491 

Hunter

Douglas

Inc.,

USD

Term

Loan

B1,

8.571%,

(TSFR1M+3.500%),

02/26/2029

3,974,453

1.8

Consumer,

Non-cyclical

:

1.6%

3,491,250 

(4)

Medline

Borrower,

LP,

2024

USD

Add-on

Term

Loan

B,

10/23/2028

3,511,761

1.6

Principal

Amount†

Value

Percentage

of

Net

Assets

BANK

LOANS:

(continued)

Financial

:

3.9%

7,000,000 

Asurion

LLC,

2021

Second

Lien

Term

Loan

B4,

8.840%,

(TSFR1M+3.500%),

01/20/2029

$

6,780,627

3.0

1,985,000 

(4)

Moneygram

International,

Inc,

2024

Term

Loan

B,

06/01/2030

1,940,586

0.9

8,721,213

3.9

Total

Bank

Loans

(Cost

$15,961,471)

16,207,427

7.3

Total

Long-Term

Investments

(Cost

$200,141,008)

202,367,840

90.7

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

10.7%

Repurchase

Agreements

:

3.3%

1,733,998 

(5)

Cantor

Fitzgerald

Securities,

Repurchase

Agreement

dated

12/31/2024,

4.600%,

due

01/02/2025

(Repurchase

Amount

$1,734,435,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

2.000%-

7.000%,

Market

Value

plus

accrued

interest

$1,768,678,

due

10/01/29-02/01/57)

1,733,998

0.8

1,733,998 

(5)

Clear

Street

LLC,

Repurchase

Agreement

dated

12/31/2024,

4.600%,

due

01/02/2025

(Repurchase

Amount

$1,734,435,

collateralized

by

various

U.S.

Government

Securities,

2.375%-

6.125%,

Market

Value

plus

accrued

interest

$1,768,678,

due

11/15/27-05/15/54)

1,733,998

0.8

PORTFOLIO

OF

INVESTMENTS

as

of

December

31,

2024

(Unaudited)

(continued)

4

Voya

Short

Duration

High

Income

Fund

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS:

(continued)

Repurchase

Agreements

(continued)

1,751,513 

(5)

Daiwa

Capital

Markets

America,

Inc.,

Repurchase

Agreement

dated

12/31/2024,

4.470%,

due

01/02/2025

(Repurchase

Amount

$1,751,942,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

0.000%-

7.500%,

Market

Value

plus

accrued

interest

$1,786,543,

due

03/27/25-01/01/55)

$

1,751,513

0.8

374,999 

(5)

HSBC

Securities

(USA)

Inc.,

Repurchase

Agreement

dated

12/31/2024,

4.470%,

due

01/02/2025

(Repurchase

Amount

$375,091,

collateralized

by

various

U.S.

Government/U.S.

Government

Agency

Obligations,

1.500%-

7.000%,

Market

Value

plus

accrued

interest

$382,499,

due

06/01/30-12/01/54)

374,999

0.1

1,733,998 

(5)

Marex

Capital

Markets

Inc.,

Repurchase

Agreement

dated

12/31/2024,

4.630%,

due

01/02/2025

(Repurchase

Amount

$1,734,438,

collateralized

by

various

U.S.

Government

Agency

Obligations,

2.500%-6.500%,

Market

Value

plus

accrued

interest

$1,768,678,

due

11/01/51-12/01/54)

1,733,998

0.8

Total

Repurchase

Agreements

(Cost

$7,328,506)

7,328,506

3.3

Shares

RA

Value

Percentage

of

Net

Assets

Mutual

Funds

:

7.4%

16,653,352 

(6)

BlackRock

Liquidity

Funds,

FedFund,

Institutional

Class,

4.370%

(Cost

$16,653,352)

$

16,653,352

7.4

Total

Short-Term

Investments

(Cost

$23,981,858)

$

23,981,858

10.7

Total

Investments

in

Securities

(Cost

$224,122,866)

$

226,349,698

101.4

Liabilities

in

Excess

of

Other

Assets

(3,220,874)

(1.4)

Net

Assets

$

223,128,824

100.0

†

Unless

otherwise

indicated,

principal

amount

is

shown

in

USD.

(1)

Security,

or

a

portion

of

the

security,

is

on

loan.

(2)

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.

(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)

Contract

rates

that

are

not

disclosed

do

not

take

effect

until

settlement

date

and

have

yet

to

be

determined.

(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,

2024.

Reference

Rate

Abbreviations:

TSFR1M

1-month

CME

Term

Secured

Overnight

Financing

Rate

PORTFOLIO

OF

INVESTMENTS

as

of

December

31,

2024

(Unaudited)

(continued)

5

Voya

Short

Duration

High

Income

Fund

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

December

31,

2024

in

valuing

the

assets

and

liabilities:

Quoted

Prices

in

Active

Markets

for

Identical

Investments

(Level

1)

Significant

Other

Observable

Inputs

(Level

2)

Significant

Unobservable

Inputs

(Level

3)

Fair

Value

at

December

31,

2024

Asset

Table

Investments,

at

fair

value

Corporate

Bonds/Notes

$

—

$

186,160,413

$

—

$

186,160,413

Bank

Loans

—

16,207,427

—

16,207,427

Short-Term

Investments

16,653,352

7,328,506

—

23,981,858

Total

Investments,

at

fair

value

$

16,653,352

$

209,696,346

$

—

$

226,349,698

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

4,762,135

Gross

Unrealized

Depreciation

(2,535,303)

Net

Unrealized

Appreciation

$

2,226,832