Voya Infrastructure, Industrials and Materials Fund (IDE) NPORT-P Voya Infrastructure, Industrials & Materials Fund (Nov 2023 report)

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

1

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK

:

98.8%

Australia

:

3.7%

319,689 

Aurizon

Holdings

Ltd.

$

745,724

0.4

36,940 

BHP

Group

Ltd.

-

Class

DI

1,124,545

0.7

22,066 

BlueScope

Steel

Ltd.

302,688

0.2

15,723 

Fortescue

Metals

Group

Ltd.

258,186

0.1

42,983 

Reece

Ltd.

548,320

0.3

15,647 

Rio

Tinto

Ltd.

1,284,705

0.7

151,329 

South32

Ltd.

-

Class

DI

304,165

0.2

376,671 

Telstra

Group

Ltd.

951,793

0.6

94,789 

Transurban

Group

809,877

0.5

6,330,003

3.7

Belgium

:

0.1%

1,885 

Solvay

SA

218,357

0.1

Brazil

:

1.4%

112,900 

Cia

Siderurgica

Nacional

SA

378,241

0.2

27,700 

Telefonica

Brasil

SA

297,257

0.2

146,351 

TIM

SA/Brazil

513,502

0.3

11,200 

Vale

SA

-

Foreign

168,499

0.1

17,848 

Wheaton

Precious

Metals

Corp.

872,703

0.5

5,758 

Yara

International

ASA

195,342

0.1

2,425,544

1.4

Canada

:

4.7%

3,854 

Agnico

Eagle

Mines

Ltd.

206,908

0.1

17,882 

AltaGas

Ltd.

363,715

0.2

23,660 

Barrick

Gold

Corp.

415,678

0.3

2,946 

Canadian

National

Railway

Co.

341,853

0.2

7,647 

Canadian

Pacific

Kansas

City

Ltd.

550,525

0.3

29,827 

Canadian

Utilities

Ltd.

-

Class

A

668,220

0.4

21,122 

Enbridge,

Inc.

737,507

0.4

10,368 

Franco-Nevada

Corp.

1,161,228

0.7

26,536 

(1)

Hydro

One

Ltd.

737,638

0.4

33,554 

Kinross

Gold

Corp.

197,820

0.1

16,511 

Quebecor,

Inc.

-

Class

B

366,370

0.2

15,152 

Rogers

Communications,

Inc.

-

Class

B

652,442

0.4

7,892 

TC

Energy

Corp.

295,976

0.2

7,088 

Teck

Resources

Ltd.

-

Class

B

267,024

0.2

13,316 

TELUS

Corp.

238,264

0.2

10,129 

West

Fraser

Timber

Co.

Ltd.

734,660

0.4

7,935,828

4.7

Chile

:

0.1%

25,954 

Lundin

Mining

Corp.

179,791

0.1

China

:

3.3%

835,000 

AviChina

Industry

&

Technology

Co.

Ltd.

-

Class

H

378,388

0.2

192,400 

Baoshan

Iron

&

Steel

Co.

Ltd.

-

Class

A

167,796

0.1

711,400 

BOE

Technology

Group

Co.

Ltd.

-

Class

A

385,927

0.2

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

China

(continued)

296,100 

CECEP

Solar

Energy

Co.

Ltd.

-

Class

A

$

231,231

0.1

874,400 

CECEP

Wind-Power

Corp.

-

Class

A

377,711

0.2

1,090,000 

China

Communications

Services

Corp.

Ltd.

-

Class

H

464,419

0.3

156,000 

China

Oilfield

Services

Ltd.

-

Class

H

167,633

0.1

590,000 

China

Railway

Group

Ltd.

-

Class

H

258,957

0.2

3,792,000 

(1)

China

Tower

Corp.

Ltd.

-

Class

H

393,103

0.2

289,000 

Fosun

International

Ltd.

164,502

0.1

95,400 

Hengdian

Group

DMEGC

Magnetics

Co.

Ltd.

-

Class

A

181,094

0.1

1,198,600 

Shanghai

Construction

Group

Co.

Ltd.

-

Class

A

419,909

0.3

116,800 

(2)

Sichuan

New

Energy

Power

Co.

Ltd.

-

Class

A

190,944

0.1

156,400 

Sichuan

Road

and

Bridge

Group

Co.

Ltd.

-

Class

A

169,131

0.1

109,500 

Sinotruk

Hong

Kong

Ltd.

227,151

0.1

25,700 

Sunresin

New

Materials

Co.

Ltd.

-

Class

A

181,342

0.1

237,800 

Western

Mining

Co.

Ltd.

-

Class

A

428,074

0.3

214,600 

Yutong

Bus

Co.

Ltd.

-

Class

A

405,118

0.2

552,000 

Zhejiang

Expressway

Co.

Ltd.

-

Class

H

349,544

0.2

50,500 

Zhuzhou

CRRC

Times

Electric

Co.

Ltd.

-

Class

H

159,465

0.1

5,701,439

3.3

Denmark

:

0.3%

351 

AP

Moller

-

Maersk

A/S

-

Class

B

554,231

0.3

Finland

:

0.1%

24,275 

Metso

Oyj

239,127

0.1

France

:

3.3%

1,370 

Aeroports

de

Paris

168,924

0.1

1,726 

Air

Liquide

SA

327,214

0.2

1,332 

Airbus

SE

197,951

0.1

6,968 

Arkema

SA

709,042

0.4

26,087 

Cie

de

Saint-Gobain

1,700,758

1.0

65,035 

Getlink

SE

1,188,388

0.7

11,595 

Legrand

SA

1,118,320

0.7

17,828 

Orange

SA

219,656

0.1

5,630,253

3.3

Germany

:

4.2%

24,288 

BASF

SE

1,129,809

0.7

6,365 

Brenntag

SE

550,653

0.3

5,791 

Daimler

Truck

Holding

AG

188,067

0.1

41,575 

Deutsche

Telekom

AG,

Reg

996,476

0.6

28,752 

Evonik

Industries

AG

537,676

0.3

12,014 

GEA

Group

AG

442,040

0.3

9,639 

Heidelberg

Materials

AG

786,824

0.5

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

(continued)

2

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Germany

(continued)

13,251 

Siemens

AG,

Reg

$

2,225,926

1.3

1,940 

Wacker

Chemie

AG

237,420

0.1

7,094,891

4.2

Hong

Kong

:

0.6%

11,200 

Jardine

Matheson

Holdings

Ltd.

437,248

0.3

114,000 

Power

Assets

Holdings

Ltd.

594,707

0.3

1,031,955

0.6

India

:

1.6%

17,947 

Adani

Ports

&

Special

Economic

Zone

Ltd.

177,912

0.1

34,869 

CG

Power

&

Industrial

Solutions

Ltd.

188,027

0.1

29,607 

JSW

Steel

Ltd.

284,968

0.2

30,881 

Larsen

&

Toubro

Ltd.

1,152,807

0.7

10,460 

PI

Industries

Ltd.

472,980

0.3

104,884 

Power

Grid

Corp.

of

India

Ltd.

263,054

0.1

173,357 

Tata

Steel

Ltd.

266,408

0.1

2,806,156

1.6

Ireland

:

0.6%

8,681 

(2)

AerCap

Holdings

NV

592,218

0.3

11,132 

Smurfit

Kappa

Group

PLC

422,926

0.3

1,015,144

0.6

Italy

:

0.3%

4,666 

Prysmian

SpA

179,984

0.1

45,768 

Terna

-

Rete

Elettrica

Nazionale

368,756

0.2

548,740

0.3

Japan

:

8.4%

25,000 

AGC,

Inc.

908,275

0.5

85,100 

Asahi

Kasei

Corp.

590,849

0.4

55,800 

Central

Japan

Railway

Co.

1,338,651

0.8

63,500 

Chubu

Electric

Power

Co.,

Inc.

784,507

0.5

3,900 

Hirose

Electric

Co.

Ltd.

436,841

0.3

4,500 

Hitachi

Ltd.

312,891

0.2

44,800 

Japan

Airlines

Co.

Ltd.

847,957

0.5

16,200 

JFE

Holdings,

Inc.

239,293

0.1

3,100 

Keyence

Corp.

1,327,469

0.8

14,600 

Lixil

Corp.

178,519

0.1

10,100 

MISUMI

Group,

Inc.

163,985

0.1

19,500 

Murata

Manufacturing

Co.

Ltd.

378,928

0.2

16,400 

NGK

Insulators

Ltd.

200,232

0.1

23,800 

Nippon

Paint

Holdings

Co.

Ltd.

177,417

0.1

17,300 

Nitto

Denko

Corp.

1,229,435

0.7

38,200 

Osaka

Gas

Co.

Ltd.

744,455

0.4

21,600 

Shimadzu

Corp.

560,328

0.3

1,700 

SMC

Corp.

856,297

0.5

16,800 

SoftBank

Group

Corp.

680,763

0.4

50,700 

Sumitomo

Corp.

1,062,994

0.6

13,000 

Tokyo

Gas

Co.

Ltd.

301,407

0.2

18,300 

Toyota

Tsusho

Corp.

1,014,099

0.6

14,335,592

8.4

Luxembourg

:

0.5%

31,462 

ArcelorMittal

SA

790,984

0.5

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Mexico

:

0.6%

37,300 

Grupo

Mexico

SAB

de

CV

$

171,354

0.1

320,899 

Operadora

De

Sites

Mexicanos

SAB

de

CV

-

Class

1

402,960

0.2

50,053 

Promotora

y

Operadora

de

Infraestructura

SAB

de

CV

493,023

0.3

1,067,337

0.6

Netherlands

:

0.2%

4,619 

Akzo

Nobel

NV

355,557

0.2

Qatar

:

0.3%

893,052 

Mesaieed

Petrochemical

Holding

Co.

412,520

0.2

61,010 

Ooredoo

QPSC

172,423

0.1

584,943

0.3

Russia

:

—%

267,141 

(3)

Alrosa

PJSC

—

—

4,101,092 

(3)

Inter

RAO

UES

PJSC

—

—

124,960 

(3)

Mobile

TeleSystems

PJSC

—

—

—

—

Saudi

Arabia

:

0.9%

56,454 

Etihad

Etisalat

Co.

695,235

0.4

26,719 

Sahara

International

Petrochemical

Co.

230,887

0.1

79,414 

Saudi

Electricity

Co.

382,476

0.2

30,346 

Saudi

Telecom

Co.

311,449

0.2

1,620,047

0.9

Singapore

:

1.1%

61,600 

(1)

BOC

Aviation

Ltd.

443,209

0.3

134,900 

Keppel

Corp.

Ltd.

672,956

0.4

152,700 

Sembcorp

Industries

Ltd.

586,915

0.3

56,400 

Singapore

Technologies

Engineering

Ltd.

156,437

0.1

1,859,517

1.1

South

Africa

:

0.4%

16,767 

Anglo

American

PLC

453,765

0.3

36,063 

Impala

Platinum

Holdings

Ltd.

146,640

0.1

600,405

0.4

South

Korea

:

1.8%

17,291 

GS

Holdings

Corp.

551,307

0.3

2,221 

Hanwha

Aerospace

Co.

Ltd.

217,216

0.1

7,264 

(2)

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

626,948

0.4

575 

LG

Chem

Ltd.

222,447

0.1

966 

LG

Innotek

Co.

Ltd.

177,755

0.1

798 

POSCO

Holdings,

Inc.

298,010

0.2

8,422 

Samsung

C&T

Corp.

776,557

0.5

5,556 

(2)

SK

Square

Co.

Ltd.

218,621

0.1

3,088,861

1.8

Spain

:

2.7%

5,790 

Acciona

SA

817,238

0.5

7,048 

(1)

Aena

SME

SA

1,212,085

0.7

15,705 

(1)

Cellnex

Telecom

SA

599,591

0.3

57,690 

Red

Electrica

Corp.

SA

967,004

0.6

223,873 

Telefonica

SA

965,391

0.6

4,561,309

2.7

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

(continued)

3

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Sweden

:

2.0%

4,157 

Holmen

AB

-

Class

B

$

174,225

0.1

24,547 

Husqvarna

AB

-

Class

B

187,437

0.1

47,515 

Sandvik

AB

939,018

0.6

29,050 

SKF

AB

-

Class

B

546,746

0.3

65,151 

Volvo

AB

-

Class

B

1,510,956

0.9

3,358,382

2.0

Switzerland

:

2.1%

20,469 

ABB

Ltd.,

Reg

814,023

0.5

214 

Givaudan

SA,

Reg

800,876

0.4

16,059 

Holcim

AG

1,181,296

0.7

3,193 

Sika

AG,

Reg

867,695

0.5

3,663,890

2.1

Taiwan

:

1.6%

580,000 

AUO

Corp.

304,378

0.2

209,000 

China

Steel

Corp.

175,042

0.1

79,000 

Delta

Electronics,

Inc.

799,031

0.5

176,000 

Eva

Airways

Corp.

176,348

0.1

328,000 

Hon

Hai

Precision

Industry

Co.

Ltd.

1,065,370

0.6

600,000 

Innolux

Corp.

242,433

0.1

2,762,602

1.6

Thailand

:

0.3%

291,200 

Indorama

Ventures

PCL

202,844

0.1

208,600 

PTT

Global

Chemical

PCL

228,782

0.2

431,626

0.3

Turkey

:

0.3%

40,138 

KOC

Holding

AS

196,428

0.1

123,106 

(2)

Turkcell

Iletisim

Hizmetleri

AS

246,636

0.2

443,064

0.3

United

Kingdom

:

3.6%

98,906 

BAE

Systems

PLC

1,312,219

0.8

16,040 

Bunzl

PLC

608,905

0.4

290,382 

Centrica

PLC

547,234

0.3

61,985 

CNH

Industrial

NV

658,893

0.4

11,933 

DCC

PLC

806,719

0.5

18,548 

Halma

PLC

500,567

0.3

25,735 

Smiths

Group

PLC

536,955

0.3

14,333 

United

Utilities

Group

PLC

197,507

0.1

1,027,030 

Vodafone

Group

PLC

923,474

0.5

6,092,473

3.6

United

States

:

47.6%

6,576 

3M

Co.

651,484

0.4

15,087 

AECOM

1,340,631

0.8

29,452 

AES

Corp.

506,869

0.3

675 

Air

Products

and

Chemicals,

Inc.

182,621

0.1

2,657 

Allegion

PLC

281,881

0.2

15,419 

AMERCO

834,939

0.5

15,402 

American

Electric

Power

Co.,

Inc.

1,225,229

0.7

10,179 

AMETEK,

Inc.

1,580,086

0.9

3,409 

(2)

Arista

Networks,

Inc.

748,991

0.4

94,924 

AT&T,

Inc.

1,572,891

0.9

5,867 

Atmos

Energy

Corp.

667,723

0.4

44,241 

Baker

Hughes

Co.

1,493,134

0.9

6,818 

(2)

Boeing

Co.

1,579,253

0.9

2,374 

(2)

Builders

FirstSource,

Inc.

318,377

0.2

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

United

States

(continued)

16,565 

Carrier

Global

Corp.

$

860,717

0.5

4,312 

Caterpillar,

Inc.

1,081,105

0.6

9,411 

CenterPoint

Energy,

Inc.

266,049

0.2

1,341 

Cheniere

Energy,

Inc.

244,263

0.1

73,491 

Cisco

Systems,

Inc.

3,555,495

2.1

9,421 

(2)

Cleveland-Cliffs,

Inc.

161,664

0.1

4,259 

CRH

PLC

267,252

0.2

16,260 

CSX

Corp.

525,198

0.3

2,271 

Deere

&

Co.

827,575

0.5

9,046 

Delta

Air

Lines,

Inc.

334,069

0.2

5,965 

Dover

Corp.

842,019

0.5

23,522 

Dow,

Inc.

1,217,264

0.7

13,331 

DTE

Energy

Co.

1,387,890

0.8

2,735 

Duke

Energy

Corp.

252,386

0.1

10,296 

Eastman

Chemical

Co.

863,114

0.5

2,652 

Eaton

Corp.

PLC

603,834

0.4

3,091 

Ecolab,

Inc.

592,637

0.3

21,514 

Edison

International

1,441,223

0.8

18,302 

Emerson

Electric

Co.

1,627,048

1.0

6,039 

Entergy

Corp.

612,415

0.4

22,822 

Evergy,

Inc.

1,164,835

0.7

7,169 

Eversource

Energy

425,910

0.3

3,372 

Expeditors

International

of

Washington,

Inc.

405,787

0.2

6,858 

(2)

F5,

Inc.

1,174,021

0.7

4,062 

Fastenal

Co.

243,598

0.1

2,385 

FedEx

Corp.

617,310

0.4

3,854 

Ferguson

PLC

660,344

0.4

20,761 

Fortive

Corp.

1,432,094

0.8

15,433 

Fortune

Brands

Innovations,

Inc.

1,056,080

0.6

22,784 

Freeport-McMoRan,

Inc.

850,299

0.5

13,402 

General

Electric

Co.

1,632,364

1.0

10,569 

Graco,

Inc.

853,764

0.5

31,983 

Halliburton

Co.

1,184,331

0.7

1,567 

HEICO

Corp.

268,004

0.2

3,282 

Honeywell

International,

Inc.

643,009

0.4

7,361 

Ingersoll

Rand,

Inc.

525,796

0.3

14,700 

Johnson

Controls

International

PLC

776,160

0.5

9,048 

(2)

Keysight

Technologies,

Inc.

1,229,533

0.7

6,306 

Linde

PLC

2,609,234

1.5

688 

Lockheed

Martin

Corp.

308,066

0.2

4,604 

Newmont

Corp.

185,035

0.1

12,335 

NextEra

Energy,

Inc.

721,721

0.4

45,250 

NiSource,

Inc.

1,160,210

0.7

894 

Nordson

Corp.

210,394

0.1

4,955 

Nucor

Corp.

842,201

0.5

2,577 

Old

Dominion

Freight

Line,

Inc.

1,002,608

0.6

5,305 

ONEOK,

Inc.

365,249

0.2

11,755 

Otis

Worldwide

Corp.

1,008,461

0.6

5,522 

Owens

Corning

748,673

0.4

4,024 

Parker-Hannifin

Corp.

1,743,116

1.0

18,400 

Pentair

PLC

1,187,536

0.7

53,838 

(2)

PG&E

Corp.

924,399

0.5

11,288 

PPG

Industries,

Inc.

1,602,783

0.9

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

(continued)

4

Voya

Infrastructure,

Industrials

and

Materials

Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

United

States

(continued)

6,652 

Raytheon

Technologies

Corp.

$

542,005

0.3

2,496 

Reliance

Steel

&

Aluminum

Co.

687,049

0.4

4,303 

Rockwell

Automation,

Inc.

1,185,218

0.7

10,842 

RPM

International,

Inc.

1,115,967

0.7

10,333 

Schlumberger

NV

537,729

0.3

4,143 

Schneider

Electric

SE

762,527

0.4

11,658 

Sealed

Air

Corp.

389,144

0.2

21,822 

Sempra

Energy

1,590,169

0.9

18,544 

Sensata

Technologies

Holding

PLC

602,865

0.4

6,634 

Sherwin-Williams

Co.

1,849,559

1.1

2,082 

Snap-on,

Inc.

571,905

0.3

2,532 

Steel

Dynamics,

Inc.

301,637

0.2

44,467 

Tenaris

SA

767,176

0.4

5,093 

Textron,

Inc.

390,429

0.2

2,279 

T-Mobile

US,

Inc.

342,876

0.2

381 

TransDigm

Group,

Inc.

366,854

0.2

14,626 

(2)

Trimble,

Inc.

678,646

0.4

16,658 

(2)

Uber

Technologies,

Inc.

939,178

0.6

3,462 

Union

Pacific

Corp.

779,885

0.5

8,833 

United

Parcel

Service,

Inc.

-

Class

B

1,339,171

0.8

1,315 

United

Rentals,

Inc.

625,966

0.4

37,890 

Verizon

Communications,

Inc.

1,452,324

0.9

456 

Watsco,

Inc.

174,297

0.1

8,424 

Westinghouse

Air

Brake

Technologies

Corp.

981,901

0.6

1,095 

WW

Grainger,

Inc.

860,878

0.5

17,013 

Xcel

Energy,

Inc.

1,035,071

0.6

81,180,677

47.6

Zambia

:

0.1%

15,586 

First

Quantum

Minerals

Ltd.

127,610

0.1

Total

Common

Stock

(Cost

$154,105,170)

168,636,335

98.8

EXCHANGE-TRADED

FUNDS

:

1.6%

27,112 

iShares

MSCI

ACWI

ETF

2,657,518

1.6

Total

Exchange-Traded

Funds

(Cost

$2,459,172)

2,657,518

1.6

PREFERRED

STOCK

:

0.3%

Brazil

:

0.3%

268,173 

Cia

Energetica

de

Minas

Gerais

602,049

0.3

Total

Preferred

Stock

(Cost

$579,050)

602,049

0.3

Total

Long-Term

Investments

(Cost

$157,143,392)

171,895,902

100.7

Shares

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

0.4%

Mutual

Funds

:

0.4%

611,000 

(4)

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

(Institutional

Share

Class),

5.260%

(Cost

$611,000)

$

611,000

0.4

Total

Short-Term

Investments

(Cost

$611,000)

$

611,000

0.4

Total

Investments

in

Securities

(Cost

$157,754,392)

$

172,506,902

101.1

Liabilities

in

Excess

of

Other

Assets

(1,820,980)

(1.1)

Net

Assets

$

170,685,922

100.0

(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)

Non-income

producing

security.

(3)

For

fair

value

measurement

disclosure

purposes,

security

is

categorized

as

Level

3,

whose

value

was

determined

using

significant

unobservable

inputs.

(4)

Rate

shown

is

the

7-day

yield

as

of

November

30,

2023.

Industry

Diversification

Percentage

of

Net

Assets

Electric

Utilities

7.8

%

Industrial

Machinery

&

Supplies

&

Components

6.7

Specialty

Chemicals

6.4

Industrial

Conglomerates

5.8

Electrical

Components

&

Equipment

5.1

Integrated

Telecommunication

Services

4.7

Trading

Companies

&

Distributors

4.4

Building

Products

4.0

Multi-Utilities

3.6

Aerospace

&

Defense

3.3

Communications

Equipment

3.2

Construction

Machinery

&

Heavy

Transportation

Equipment

3.2

Steel

3.1

Electronic

Equipment

&

Instruments

2.5

Rail

Transportation

2.5

Wireless

Telecommunication

Services

2.4

Diversified

Metals

&

Mining

2.4

Oil

&

Gas

Equipment

&

Services

2.3

Construction

&

Engineering

2.2

Commodity

Chemicals

1.9

Industrial

Gases

1.8

Gold

1.8

Electronic

Components

1.7

Highways

&

Railtracks

1.7

Multi-Sector

Holdings

1.6

Air

Freight

&

Logistics

1.4

Construction

Materials

1.3

Gas

Utilities

1.2

Cargo

Ground

Transportation

1.1

Agricultural

&

Farm

Machinery

1.0

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

(continued)

5

Voya

Infrastructure,

Industrials

and

Materials

Fund

Oil

&

Gas

Storage

&

Transportation

1.0

%

Airport

Services

0.8

Passenger

Airlines

0.8

Diversified

Chemicals

0.8

Copper

0.7

Electronic

Manufacturing

Services

0.6

Integrated

Telecommunication

S

0.6

Passenger

Ground

Transportation

0.5

Paper

&

Plastic

Packaging

Products

&

Materials

0.5

Forest

Products

0.4

Fertilizers

&

Agricultural

Chemicals

0.4

Renewable

Electricity

0.4

Marine

Transportation

0.3

Independent

Power

Producers

&

Energy

Traders

0.3

Water

Utilities

0.1

Marine

Ports

&

Services

0.1

Paper

Products

0.1

Oil

&

Gas

Drilling

0.1

Precious

Metals

&

Minerals

0.1

Liabilities

in

Excess

of

Other

Assets*

(0.7)

Net

Assets

100.0%

*      Includes

short-term

investments.

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

(continued)

6

Voya

Infrastructure,

Industrials

and

Materials

Fund

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

November

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

November

30,

2023

Asset

Table

Investments,

at

fair

value

Common

Stock

Australia

$

—

$

6,330,003

$

—

$

6,330,003

Belgium

—

218,357

—

218,357

Brazil

2,230,202

195,342

—

2,425,544

Canada

7,935,828

—

—

7,935,828

Chile

179,791

—

—

179,791

China

—

5,701,439

—

5,701,439

Denmark

—

554,231

—

554,231

Finland

—

239,127

—

239,127

France

—

5,630,253

—

5,630,253

Germany

—

7,094,891

—

7,094,891

Hong

Kong

437,248

594,707

—

1,031,955

India

472,980

2,333,176

—

2,806,156

Ireland

592,218

422,926

—

1,015,144

Italy

—

548,740

—

548,740

Japan

—

14,335,592

—

14,335,592

Luxembourg

—

790,984

—

790,984

Mexico

1,067,337

—

—

1,067,337

Netherlands

—

355,557

—

355,557

Qatar

172,423

412,520

—

584,943

Russia

—

—

—

—

Saudi

Arabia

695,235

924,812

—

1,620,047

Singapore

—

1,859,517

—

1,859,517

South

Africa

—

600,405

—

600,405

South

Korea

—

3,088,861

—

3,088,861

Spain

—

4,561,309

—

4,561,309

Sweden

—

3,358,382

—

3,358,382

Switzerland

—

3,663,890

—

3,663,890

Taiwan

—

2,762,602

—

2,762,602

Thailand

—

431,626

—

431,626

Turkey

246,636

196,428

—

443,064

United

Kingdom

—

6,092,473

—

6,092,473

United

States

79,650,974

1,529,703

—

81,180,677

Zambia

127,610

—

—

127,610

Total

Common

Stock

93,808,482

74,827,853

—

168,636,335

Exchange-Traded

Funds

2,657,518

—

—

2,657,518

Preferred

Stock

602,049

—

—

602,049

Short-Term

Investments

611,000

—

—

611,000

Total

Investments,

at

fair

value

$

97,679,049

$

74,827,853

$

—

$

172,506,902

Liabilities

Table

Other

Financial

Instruments+

Written

Options

$

—

$

(914,928)

$

—

$

(914,928)

Total

Liabilities

$

—

$

(914,928)

$

—

$

(914,928)

#

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

Fund

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

Fund’s

investments

are

categorized

as

Level

2

investments.

+

Other

Financial

Instruments

may

include

open

forward

foreign

currency

contracts,

futures,

centrally

cleared

swaps,

OTC

swaps

and

written

options.

Forward

foreign

currency

contracts,

futures

and

centrally

cleared

swaps

are

fair

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

OTC

swaps

and

written

options

are

valued

at

the

fair

value

of

the

instrument.

PORTFOLIO

OF

INVESTMENTS

as

of

November

30,

2023

(Unaudited)

(continued)

7

Voya

Infrastructure,

Industrials

and

Materials

Fund

At

November

30,

2023,

the

following

OTC

written

equity

options

were

outstanding

for

Voya

Infrastructure,

Industrials

and

Materials

Fund:

Description

Counterparty

Put/

Call

Expiration

Date

Exercise

Price

Number

of

Contracts

Notional

Amount

Premiums

Received

Fair

Value

Industrial

Select

Sector

SPDR

Fund

UBS

AG

Call

12/28/23

USD

107.050

224,194

USD

23,999,968

$

288,964

$

(288,964)

iShares

MSCI

EAFE

ETF

UBS

AG

Call

12/14/23

USD

71.560

322,798

USD

23,377,031

344,425

(441,432)

iShares

MSCI

Emerging

Markets

ETF

Citibank

N.A.

Call

12/14/23

USD

39.270

178,236

USD

7,051,016

128,793

(121,321)

Materials

Select

Sector

SPDR

Fund

Citibank

N.A.

Call

12/28/23

USD

82.410

59,459

USD

4,900,016

63,211

(63,211)

$

825,393

$

(914,928)

Currency

Abbreviations:

USD

—

United

States

Dollar

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

23,126,832

Gross

Unrealized

Depreciation

(8,374,322)

Net

Unrealized

Appreciation

$

14,752,510