Ing Variable Insurance Trust NPORT-P VY BrandyWineGLOBAL - Bond Portfolio (Sep 2023 report)

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(Unaudited)

1

VY

®

BrandywineGLOBAL

-

Bond

Portfolio

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

U.S.

GOVERNMENT

AGENCY

OBLIGATIONS

:

48

.6

%

Federal

Home

Loan

Banks

:

8

.4

%

18,200,000 

4.875

%,

09/13/2024

$

18,092,753

8

.4

Government

National

Mortgage

Association

:

17

.4

%

5,765,764 

5.000

%,

02/20/2053

5,472,221

2

.5

5,978,528 

5.000

%,

03/20/2053

5,670,362

2

.6

3,538,141 

5.000

%,

06/20/2053

3,355,760

1

.6

3,396,542 

5.500

%,

02/20/2053

3,302,047

1

.5

7,883,420 

5.500

%,

04/20/2053

7,657,780

3

.6

6,763,475 

5.500

%,

05/20/2053

6,569,750

3

.1

2,065,243 

5.500

%,

06/20/2053

2,005,910

0

.9

3,531,862 

6.000

%,

08/20/2053

3,503,203

1

.6

37,537,033

17

.4

Uniform

Mortgage-Backed

Securities

:

22

.8

%

19,814,902 

4.000

%,

06/01/2052

17,670,614

8

.2

4,466,567 

4.500

%,

09/01/2052

4,105,525

1

.9

6,078,155 

4.500

%,

09/01/2052

5,586,845

2

.6

3,260,841 

4.500

%,

10/01/2052

2,997,261

1

.4

10,167,006 

5.000

%,

11/01/2052

9,605,663

4

.5

1,214,354 

5.000

%,

12/01/2052

1,147,306

0

.5

8,323,338 

5.500

%,

11/01/2052

8,056,963

3

.7

49,170,177

22

.8

Total

U.S.

Government

Agency

Obligations

(Cost

$109,587,998)

104,799,963

48

.6

U.S.

TREASURY

OBLIGATIONS

:

41

.0

%

United

States

Treasury

Bonds

:

13

.1

%

5,200,000 

2.875

%,

05/15/2052

3,688,141

1

.7

33,730,000 

3.000

%,

08/15/2052

24,587,325

11

.4

28,275,466

13

.1

United

States

Treasury

Floating

Rate

Notes

:

2

.2

%

4,700,000 

(1)

5.572

%,

04/30/2025

4,702,365

2

.2

United

States

Treasury

Notes

:

25

.7

%

40,780,000 

3.875

%,

08/15/2033

38,537,100

17

.9

17,520,000 

4.125

%,

11/15/2032

16,899,956

7

.8

55,437,056

25

.7

Total

U.S.

Treasury

Obligations

(Cost

$94,259,754)

88,414,887

41

.0

CORPORATE

BONDS/NOTES

:

5

.8

%

Consumer,

Cyclical

:

1

.8

%

3,990,000 

Toyota

Motor

Credit

Corp.,

4.450%,

05/18/2026

3,902,659

1

.8

Energy

:

1

.5

%

530,000 

Devon

Energy

Corp.,

7.875%,

09/30/2031

581,860

0

.3

2,120,000 

Diamondback

Energy,

Inc.,

6.250%,

03/15/2033

2,122,363

1

.0

330,000 

Hess

Corp.,

7.300%,

08/15/2031

350,082

0

.1

180,000 

Hess

Corp.,

7.875%,

10/01/2029

195,306

0

.1

3,249,611

1

.5

Principal

Amount†

Value

Percentage

of

Net

Assets

CORPORATE

BONDS/NOTES:

(continued)

Financial

:

2

.0

%

2,120,000 

Equinix,

Inc.,

2.500%,

05/15/2031

$

1,656,644

0

.8

2,235,000 

Golub

Capital

BDC,

Inc.,

2.500%,

08/24/2026

1,960,168

0

.9

590,000 

(1)(2)

UBS

Group

AG,

6.301%,

09/22/2034

576,673

0

.3

4,193,485

2

.0

Technology

:

0

.5

%

1,720,000 

(2)

Dell

International

LLC

/

EMC

Corp.,

3.375%,

12/15/2041

1,156,400

0

.5

Total

Corporate

Bonds/

Notes

(Cost

$12,734,891)

12,502,155

5

.8

Total

Long-Term

Investments

(Cost

$216,582,643)

205,717,005

95

.4

Shares

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

1

.6

%

Mutual

Funds

:

1

.6

%

3,454,042 

(3)

BlackRock

Liquidity

Funds,

FedFund,

Institutional

Class,

5.240%

(Cost

$3,454,042)

$

3,454,042

1

.6

Total

Short-Term

Investments

(Cost

$3,454,042)

3,454,042

1

.6

Total

Investments

in

Securities

(Cost

$220,036,685)

$

209,171,047

97

.0

Assets

in

Excess

of

Other

Liabilities

6,571,752

3

.0

Net

Assets

$

215,742,799

100

.0

†

Unless

otherwise

indicated,

principal

amount

is

shown

in

USD.

(1)

Variable

rate

security.

Rate

shown

is

the

rate

in

effect

as

of

September

30,

2023.

(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)

Rate

shown

is

the

7-day

yield

as

of

September

30,

2023.

Reference

Rate

Abbreviations:

USBMMY3M

U.S.

Treasury

3-month

Bill

Money

Market

Yield

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(Unaudited)

(continued)

2

VY

®

BrandywineGLOBAL

-

Bond

Portfolio

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

September

30,

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

September

30,

2023

Asset

Table

Investments,

at

fair

value

U.S.

Government

Agency

Obligations

$

—

$

104,799,963

$

—

$

104,799,963

U.S.

Treasury

Obligations

—

88,414,887

—

88,414,887

Corporate

Bonds/Notes

—

12,502,155

—

12,502,155

Short-Term

Investments

3,454,042

—

—

3,454,042

Total

Investments,

at

fair

value

$

3,454,042

$

205,717,005

$

—

$

209,171,047

Liabilities

Table

Other

Financial

Instruments+

Futures

$

(

2,110,699

)

$

—

$

—

$

(

2,110,699

)

Total

Liabilities

$

(

2,110,699

)

$

—

$

—

$

(

2,110,699

)

+

Other

Financial

Instruments

may

include

open

forward

foreign

currency

contracts,

futures,

centrally

cleared

swaps,

OTC

swaps

and

written

options.

Forward

foreign

currency

contracts,

futures

and

centrally

cleared

swaps

are

fair

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

OTC

swaps

and

written

options

are

valued

at

the

fair

value

of

the

instrument.

At

September

30,

2023,

the

following

futures

contracts

were

outstanding

for

VY®

BrandywineGLOBAL-

Bond

Portfolio:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Depreciation

Long

Contracts:

U.S.

Treasury

5-Year

Note

1,801

12/29/23

$

189,752,234

$

(

1,726,301

)

U.S.

Treasury

Ultra

10-Year

Note

123

12/19/23

13,722,188

(

384,398

)

$

203,474,422

$

(

2,110,699

)

Net

unrealized

depreciation

consisted

of:

Gross

Unrealized

Appreciation

$

115,730

Gross

Unrealized

Depreciation

(

10,981,368

)

Net

Unrealized

Depreciation

$

(

10,865,638

)