PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
1
Voya
U.S.
Stock
Index
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
98
.7
%
Communication
Services
:
8
.7
%
80,247
Activision
Blizzard,
Inc.
$
7,513,527
0
.2
665,506
(1)
Alphabet,
Inc.
- Class
A
87,088,115
2
.1
566,108
(1)
Alphabet,
Inc.
- Class
C
74,641,340
1
.8
801,905
AT&T,
Inc.
12,044,613
0
.3
11,416
(1)
Charter
Communications,
Inc.
- Class
A
5,020,985
0
.1
461,658
Comcast
Corp.
- Class
A
20,469,916
0
.5
27,653
Electronic
Arts,
Inc.
3,329,421
0
.1
28,456
Fox
Corp.
- Class
A
887,827
0.0
14,798
Fox
Corp.
- Class
B
427,366
0.0
43,178
Interpublic
Group
of
Cos.,
Inc.
1,237,481
0.0
15,903
(1)
Live
Nation
Entertainment,
Inc.
1,320,585
0.0
31,323
(1)
Match
Group,
Inc.
1,227,078
0.0
249,308
(1)
Meta
Platforms,
Inc.
- Class
A
74,844,755
1
.8
49,708
(1)
Netflix,
Inc.
18,769,741
0
.5
42,851
News
Corp.
- Class
A
859,591
0.0
13,210
News
Corp.
- Class
B
275,693
0.0
22,162
Omnicom
Group,
Inc.
1,650,626
0
.1
54,090
(2)
Paramount
Global
- Class
B
697,761
0.0
17,716
(1)
Take-Two
Interactive
Software,
Inc.
2,487,149
0
.1
58,064
(1)
T-Mobile
US,
Inc.
8,131,863
0
.2
471,568
Verizon
Communications,
Inc.
15,283,519
0
.4
205,247
(1)
Walt
Disney
Co.
16,635,269
0
.4
248,796
(1)
Warner
Bros
Discovery,
Inc.
2,701,925
0
.1
357,546,146
8
.7
Consumer
Discretionary
:
10
.8
%
47,825
(1)
Airbnb,
Inc.
- Class
A
6,562,068
0
.2
1,018,463
(1)
Amazon.com,
Inc.
129,467,017
3
.2
31,724
(1)
Aptiv
PLC
3,127,669
0
.1
2,037
(1)
AutoZone,
Inc.
5,173,960
0
.1
25,754
Bath
&
Body
Works,
Inc.
870,485
0.0
21,784
Best
Buy
Co.,
Inc.
1,513,334
0.0
4,004
(1)
Booking
Holdings,
Inc.
12,348,136
0
.3
26,363
BorgWarner,
Inc.
1,064,274
0.0
24,207
(1)
Caesars
Entertainment,
Inc.
1,121,994
0.0
17,796
(1)
CarMax,
Inc.
1,258,711
0.0
112,981
(1)
Carnival
Corp.
1,550,099
0.0
3,095
(1)
Chipotle
Mexican
Grill,
Inc.
5,669,514
0
.1
13,558
Darden
Restaurants,
Inc.
1,941,777
0
.1
24,646
Dollar
General
Corp.
2,607,547
0
.1
23,389
(1)
Dollar
Tree,
Inc.
2,489,759
0
.1
3,937
Domino's
Pizza,
Inc.
1,491,296
0.0
34,152
DR
Horton,
Inc.
3,670,315
0
.1
59,692
eBay,
Inc.
2,631,820
0
.1
13,875
(1)
Etsy,
Inc.
896,048
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
15,462
(1)
Expedia
Group,
Inc.
$
1,593,668
0.0
440,983
Ford
Motor
Co.
5,477,009
0
.1
17,214
Garmin
Ltd.
1,810,913
0
.1
154,336
General
Motors
Co.
5,088,458
0
.1
15,753
Genuine
Parts
Co.
2,274,418
0
.1
14,656
Hasbro,
Inc.
969,348
0.0
29,334
Hilton
Worldwide
Holdings,
Inc.
4,405,380
0
.1
112,773
Home
Depot,
Inc.
34,075,490
0
.8
36,967
Las
Vegas
Sands
Corp.
1,694,567
0
.1
28,326
Lennar
Corp.
- Class
A
3,179,027
0
.1
30,012
LKQ
Corp.
1,485,894
0.0
65,730
Lowe's
Cos.,
Inc.
13,661,323
0
.3
28,101
Marriott
International,
Inc.
- Class
A
5,523,533
0
.1
81,745
McDonald's
Corp.
21,534,903
0
.5
31,487
MGM
Resorts
International
1,157,462
0.0
5,945
(1)
Mohawk
Industries,
Inc.
510,140
0.0
137,417
NIKE,
Inc.
- Class
B
13,139,814
0
.3
47,712
(1)
Norwegian
Cruise
Line
Holdings
Ltd.
786,294
0.0
366
(1)
NVR,
Inc.
2,182,568
0
.1
6,775
(1)
O'Reilly
Automotive,
Inc.
6,157,527
0
.2
4,392
Pool
Corp.
1,563,991
0.0
24,615
PulteGroup,
Inc.
1,822,741
0
.1
4,530
Ralph
Lauren
Corp.
525,888
0.0
38,211
Ross
Stores,
Inc.
4,315,932
0
.1
26,436
(1)
Royal
Caribbean
Cruises
Ltd.
2,435,813
0
.1
128,480
Starbucks
Corp.
11,726,370
0
.3
26,074
Tapestry,
Inc.
749,627
0.0
51,773
Target
Corp.
5,724,541
0
.2
309,744
(1)
Tesla,
Inc.
77,504,144
1
.9
128,910
TJX
Cos.,
Inc.
11,457,521
0
.3
12,205
Tractor
Supply
Co.
2,478,225
0
.1
5,586
(1)
Ulta
Beauty,
Inc.
2,231,328
0
.1
37,160
VF
Corp.
656,617
0.0
6,159
Whirlpool
Corp.
823,458
0.0
10,863
Wynn
Resorts
Ltd.
1,003,850
0.0
31,431
Yum!
Brands,
Inc.
3,926,989
0
.1
441,110,594
10
.8
Consumer
Staples
:
6
.2
%
199,058
Altria
Group,
Inc.
8,370,389
0
.2
60,135
Archer-Daniels-
Midland
Co.
4,535,382
0
.1
20,574
Brown-Forman
Corp.
- Class
B
1,186,914
0.0
16,940
Bunge
Ltd.
1,833,755
0
.1
22,068
Campbell
Soup
Co.
906,553
0.0
27,476
Church
&
Dwight
Co.,
Inc.
2,517,626
0
.1
13,906
Clorox
Co.
1,822,520
0
.1
436,556
Coca-Cola
Co.
24,438,405
0
.6
92,730
Colgate-Palmolive
Co.
6,594,030
0
.2
53,645
Conagra
Brands,
Inc.
1,470,946
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
2
Voya
U.S.
Stock
Index
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
18,094
Constellation
Brands,
Inc.
- Class
A
$
4,547,565
0
.1
49,708
Costco
Wholesale
Corp.
28,083,032
0
.7
26,009
Estee
Lauder
Cos.,
Inc.
- Class
A
3,759,601
0
.1
65,640
General
Mills,
Inc.
4,200,304
0
.1
16,809
Hershey
Co.
3,363,145
0
.1
32,583
Hormel
Foods
Corp.
1,239,131
0.0
11,453
J
M
Smucker
Co.
1,407,688
0.0
28,916
Kellogg
Co.
1,720,791
0.0
193,315
Kenvue,
Inc.
3,881,765
0
.1
112,846
Keurig
Dr
Pepper,
Inc.
3,562,548
0
.1
37,950
Kimberly-Clark
Corp.
4,586,257
0
.1
89,730
Kraft
Heinz
Co.
3,018,517
0
.1
73,459
Kroger
Co.
3,287,290
0
.1
16,389
Lamb
Weston
Holdings,
Inc.
1,515,327
0.0
28,215
McCormick
&
Co.,
Inc.
2,134,183
0
.1
20,820
Molson
Coors
Beverage
Co.
- Class
B
1,323,944
0.0
152,598
Mondelez
International,
Inc.
- Class
A
10,590,301
0
.3
83,425
(1)
Monster
Beverage
Corp.
4,417,354
0
.1
154,411
PepsiCo,
Inc.
26,163,400
0
.6
174,127
Philip
Morris
International,
Inc.
16,120,678
0
.4
264,419
Procter
&
Gamble
Co.
38,568,155
1
.0
56,659
Sysco
Corp.
3,742,327
0
.1
32,126
Tyson
Foods,
Inc.
- Class
A
1,622,042
0.0
80,553
Walgreens
Boots
Alliance,
Inc.
1,791,499
0.0
160,090
Walmart,
Inc.
25,603,194
0
.6
253,926,558
6
.2
Energy
:
4
.7
%
34,466
APA
Corp.
1,416,553
0.0
113,253
Baker
Hughes
Co.
4,000,096
0
.1
199,019
Chevron
Corp.
33,558,584
0
.8
134,323
ConocoPhillips
16,091,895
0
.4
84,964
Coterra
Energy,
Inc.
2,298,276
0
.1
71,867
Devon
Energy
Corp.
3,428,056
0
.1
20,058
Diamondback
Energy,
Inc.
3,106,583
0
.1
65,312
EOG
Resources,
Inc.
8,278,949
0
.2
40,679
EQT
Corp.
1,650,754
0.0
449,039
Exxon
Mobil
Corp.
52,798,006
1
.3
100,790
Halliburton
Co.
4,081,995
0
.1
30,998
Hess
Corp.
4,742,694
0
.1
217,442
Kinder
Morgan,
Inc.
3,605,188
0
.1
67,940
Marathon
Oil
Corp.
1,817,395
0.0
44,851
Marathon
Petroleum
Corp.
6,787,750
0
.2
74,426
Occidental
Petroleum
Corp.
4,828,759
0
.1
65,321
ONEOK,
Inc.
4,143,311
0
.1
49,948
Phillips
66
6,001,252
0
.2
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Energy:
(continued)
26,151
Pioneer
Natural
Resources
Co.
$
6,002,962
0
.2
159,415
Schlumberger
NV
9,293,894
0
.2
25,094
Targa
Resources
Corp.
2,151,058
0
.1
39,611
Valero
Energy
Corp.
5,613,275
0
.1
136,446
Williams
Cos.,
Inc.
4,596,866
0
.1
190,294,151
4
.7
Financials
:
10
.5
%
60,639
Aflac,
Inc.
4,654,043
0
.1
29,341
Allstate
Corp.
3,268,881
0
.1
65,261
American
Express
Co.
9,736,289
0
.2
79,854
American
International
Group,
Inc.
4,839,152
0
.1
11,512
Ameriprise
Financial,
Inc.
3,795,276
0
.1
22,756
Aon
PLC
- Class
A
7,377,950
0
.2
41,892
(1)
Arch
Capital
Group
Ltd.
3,339,211
0
.1
24,094
Arthur
J
Gallagher
&
Co.
5,491,745
0
.1
5,979
Assurant,
Inc.
858,465
0.0
775,471
Bank
of
America
Corp.
21,232,396
0
.5
87,356
Bank
of
New
York
Mellon
Corp.
3,725,733
0
.1
204,563
(1)
Berkshire
Hathaway,
Inc.
- Class
B
71,658,419
1
.8
15,743
BlackRock,
Inc.
10,177,692
0
.3
79,613
Blackstone,
Inc.
8,529,737
0
.2
26,482
Brown
&
Brown,
Inc.
1,849,503
0
.1
42,786
Capital
One
Financial
Corp.
4,152,381
0
.1
11,875
Cboe
Global
Markets,
Inc.
1,854,994
0
.1
166,795
Charles
Schwab
Corp.
9,157,045
0
.2
46,072
Chubb
Ltd.
9,591,269
0
.2
17,595
Cincinnati
Financial
Corp.
1,799,793
0.0
216,006
Citigroup,
Inc.
8,884,327
0
.2
52,977
Citizens
Financial
Group,
Inc.
1,419,784
0.0
40,353
CME
Group,
Inc.
8,079,478
0
.2
14,811
Comerica,
Inc.
615,397
0.0
28,037
Discover
Financial
Services
2,428,845
0
.1
4,823
Everest
Re
Group
Ltd.
1,792,564
0.0
4,279
FactSet
Research
Systems,
Inc.
1,871,036
0
.1
66,457
Fidelity
National
Information
Services,
Inc.
3,673,078
0
.1
76,570
Fifth
Third
Bancorp
1,939,518
0
.1
68,381
(1)
Fiserv,
Inc.
7,724,318
0
.2
32,114
Franklin
Resources,
Inc.
789,362
0.0
29,164
Global
Payments,
Inc.
3,365,234
0
.1
9,754
Globe
Life,
Inc.
1,060,552
0.0
36,979
Goldman
Sachs
Group,
Inc.
11,965,295
0
.3
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
3
Voya
U.S.
Stock
Index
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
34,304
Hartford
Financial
Services
Group,
Inc.
$
2,432,497
0
.1
162,385
Huntington
Bancshares,
Inc.
1,688,804
0.0
64,199
Intercontinental
Exchange,
Inc.
7,063,174
0
.2
50,322
Invesco
Ltd.
730,675
0.0
325,976
JPMorgan
Chase
&
Co.
47,273,040
1
.2
105,203
KeyCorp
1,131,984
0.0
20,742
Loews
Corp.
1,313,176
0.0
18,608
M&T
Bank
Corp.
2,352,982
0
.1
4,237
MarketAxess
Holdings,
Inc.
905,193
0.0
55,407
Marsh
&
McLennan
Cos.,
Inc.
10,543,952
0
.3
70,858
MetLife,
Inc.
4,457,677
0
.1
17,702
Moody's
Corp.
5,596,841
0
.1
143,114
Morgan
Stanley
11,688,120
0
.3
8,871
MSCI,
Inc.
4,551,533
0
.1
38,091
Nasdaq,
Inc.
1,850,842
0
.1
23,220
Northern
Trust
Corp.
1,613,326
0.0
44,672
PNC
Financial
Services
Group,
Inc.
5,484,381
0
.1
24,944
Principal
Financial
Group,
Inc.
1,797,714
0.0
65,657
Progressive
Corp.
9,146,020
0
.2
40,718
Prudential
Financial,
Inc.
3,863,731
0
.1
21,083
Raymond
James
Financial,
Inc.
2,117,366
0
.1
105,546
Regions
Financial
Corp.
1,815,391
0
.1
36,500
S&P
Global,
Inc.
13,337,465
0
.3
35,742
State
Street
Corp.
2,393,284
0
.1
46,908
Synchrony
Financial
1,433,978
0.0
25,159
T
Rowe
Price
Group,
Inc.
2,638,424
0
.1
25,680
Travelers
Cos.,
Inc.
4,193,801
0
.1
149,408
Truist
Financial
Corp.
4,274,563
0
.1
174,645
US
Bancorp
5,773,764
0
.1
22,587
W.
R.
Berkley
Corp.
1,434,049
0.0
410,406
Wells
Fargo
&
Co.
16,769,189
0
.4
11,758
Willis
Towers
Watson
PLC
2,456,952
0
.1
16,659
Zions
Bancorp
NA
581,232
0.0
427,403,882
10
.5
Health
Care
:
13
.2
%
194,655
Abbott
Laboratories
18,852,337
0
.5
197,986
AbbVie,
Inc.
29,511,793
0
.7
33,132
Agilent
Technologies,
Inc.
3,704,820
0
.1
7,984
(1)
Align
Technology,
Inc.
2,437,675
0
.1
18,700
AmerisourceBergen
Corp.
3,365,439
0
.1
60,000
Amgen,
Inc.
16,125,600
0
.4
56,900
Baxter
International,
Inc.
2,147,406
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
32,542
Becton
Dickinson
and
Co.
$
8,413,083
0
.2
16,245
(1)
Biogen,
Inc.
4,175,127
0
.1
2,343
(1)
Bio-Rad
Laboratories,
Inc.
- Class
A
839,848
0.0
17,709
Bio-Techne
Corp.
1,205,452
0.0
164,242
(1)
Boston
Scientific
Corp.
8,671,978
0
.2
234,335
Bristol-Myers
Squibb
Co.
13,600,803
0
.3
28,559
Cardinal
Health,
Inc.
2,479,492
0
.1
20,257
(1)
Catalent,
Inc.
922,301
0.0
60,738
(1)
Centene
Corp.
4,183,633
0
.1
5,757
(1)
Charles
River
Laboratories
International,
Inc.
1,128,257
0.0
33,200
Cigna
Group
9,497,524
0
.2
5,563
Cooper
Cos.,
Inc.
1,769,090
0.0
144,071
CVS
Health
Corp.
10,059,037
0
.2
73,711
Danaher
Corp.
18,287,699
0
.5
6,040
(1)
DaVita,
Inc.
570,961
0.0
23,901
DENTSPLY
SIRONA,
Inc.
816,458
0.0
43,508
(1)
Dexcom,
Inc.
4,059,296
0
.1
68,190
(1)
Edwards
Lifesciences
Corp.
4,724,203
0
.1
26,433
Elevance
Health,
Inc.
11,509,457
0
.3
89,445
Eli
Lilly
&
Co.
48,043,593
1
.2
43,877
GE
HealthCare
Technologies,
Inc.
2,985,391
0
.1
139,766
Gilead
Sciences,
Inc.
10,474,064
0
.3
22,577
HCA
Healthcare,
Inc.
5,553,491
0
.1
14,648
(1)
Henry
Schein,
Inc.
1,087,614
0.0
27,475
(1)
Hologic,
Inc.
1,906,765
0
.1
13,899
Humana,
Inc.
6,762,142
0
.2
9,311
(1)
IDEXX
Laboratories,
Inc.
4,071,421
0
.1
17,784
(1)
Illumina,
Inc.
2,441,388
0
.1
20,828
(1)
Incyte
Corp.
1,203,234
0.0
7,840
(1)
Insulet
Corp.
1,250,402
0.0
39,414
(1)
Intuitive
Surgical,
Inc.
11,520,318
0
.3
20,541
(1)
IQVIA
Holdings,
Inc.
4,041,442
0
.1
270,107
Johnson
&
Johnson
42,069,165
1
.0
9,966
Laboratory
Corp.
of
America
Holdings
2,003,664
0
.1
15,132
McKesson
Corp.
6,580,150
0
.2
149,316
Medtronic
PLC
11,700,402
0
.3
284,634
Merck
&
Co.,
Inc.
29,303,070
0
.7
2,453
(1)
Mettler-Toledo
International,
Inc.
2,718,096
0
.1
36,877
(1)
Moderna,
Inc.
3,809,025
0
.1
6,558
(1)
Molina
Healthcare,
Inc.
2,150,303
0
.1
28,691
Organon
&
Co.
498,076
0.0
633,308
Pfizer,
Inc.
21,006,826
0
.5
12,599
Quest
Diagnostics,
Inc.
1,535,314
0.0
11,973
(1)
Regeneron
Pharmaceuticals,
Inc.
9,853,300
0
.2
16,481
ResMed,
Inc.
2,437,046
0
.1
13,924
Revvity,
Inc.
1,541,387
0.0
11,066
STERIS
PLC
2,428,102
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
4
Voya
U.S.
Stock
Index
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
37,914
Stryker
Corp.
$
10,360,759
0
.3
5,284
Teleflex,
Inc.
1,037,830
0.0
43,292
Thermo
Fisher
Scientific,
Inc.
21,913,112
0
.5
103,904
UnitedHealth
Group,
Inc.
52,387,358
1
.3
6,970
Universal
Health
Services,
Inc.
- Class
B
876,338
0.0
28,951
(1)
Vertex
Pharmaceuticals,
Inc.
10,067,421
0
.2
134,873
Viatris,
Inc.
1,329,848
0.0
6,640
(1)
Waters
Corp.
1,820,754
0.0
8,285
West
Pharmaceutical
Services,
Inc.
3,108,615
0
.1
23,461
Zimmer
Biomet
Holdings,
Inc.
2,632,793
0
.1
51,634
Zoetis,
Inc.
8,983,283
0
.2
538,552,071
13
.2
Industrials
:
8
.1
%
61,917
3M
Co.
5,796,670
0
.1
14,009
A.
O.
Smith
Corp.
926,415
0.0
14,388
(1)
Alaska
Air
Group,
Inc.
533,507
0.0
9,893
Allegion
PLC
1,030,851
0.0
73,437
(1)
American
Airlines
Group,
Inc.
940,728
0.0
25,879
AMETEK,
Inc.
3,823,881
0
.1
46,213
Automatic
Data
Processing,
Inc.
11,117,924
0
.3
7,895
(1)
Axon
Enterprise,
Inc.
1,571,026
0.0
63,610
(1)
Boeing
Co.
12,192,765
0
.3
93,907
Carrier
Global
Corp.
5,183,666
0
.1
57,223
Caterpillar,
Inc.
15,621,879
0
.4
17,439
(1)
Ceridian
HCM
Holding,
Inc.
1,183,236
0.0
13,098
CH
Robinson
Worldwide,
Inc.
1,128,131
0.0
9,701
Cintas
Corp.
4,666,278
0
.1
97,469
(1)
Copart,
Inc.
4,199,939
0
.1
45,803
(1)
CoStar
Group,
Inc.
3,521,793
0
.1
225,050
CSX
Corp.
6,920,287
0
.2
15,889
Cummins,
Inc.
3,630,001
0
.1
30,585
Deere
&
Co.
11,542,167
0
.3
72,296
Delta
Air
Lines,
Inc.
2,674,952
0
.1
15,731
Dover
Corp.
2,194,632
0
.1
44,756
Eaton
Corp.
PLC
9,545,560
0
.2
64,105
Emerson
Electric
Co.
6,190,620
0
.2
13,786
Equifax,
Inc.
2,525,319
0
.1
16,590
Expeditors
International
of
Washington,
Inc.
1,901,712
0
.1
64,087
Fastenal
Co.
3,501,714
0
.1
25,955
FedEx
Corp.
6,875,999
0
.2
39,487
Fortive
Corp.
2,928,356
0
.1
6,996
(1)
Generac
Holdings,
Inc.
762,284
0.0
25,304
General
Dynamics
Corp.
5,591,425
0
.1
122,084
General
Electric
Co.
13,496,386
0
.3
74,477
Honeywell
International,
Inc.
13,758,881
0
.3
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
43,926
Howmet
Aerospace,
Inc.
$
2,031,577
0
.1
4,487
Huntington
Ingalls
Industries,
Inc.
917,950
0.0
8,501
IDEX
Corp.
1,768,378
0
.1
30,866
Illinois
Tool
Works,
Inc.
7,108,748
0
.2
45,362
Ingersoll
Rand,
Inc.
2,890,467
0
.1
14,124
Jacobs
Solutions,
Inc.
1,927,926
0
.1
9,158
JB
Hunt
Transport
Services,
Inc.
1,726,466
0.0
76,312
Johnson
Controls
International
PLC
4,060,562
0
.1
21,215
L3Harris
Technologies,
Inc.
3,693,956
0
.1
15,429
Leidos
Holdings,
Inc.
1,421,937
0.0
25,141
Lockheed
Martin
Corp.
10,281,663
0
.3
25,319
Masco
Corp.
1,353,301
0.0
6,055
Nordson
Corp.
1,351,294
0.0
25,464
Norfolk
Southern
Corp.
5,014,625
0
.1
15,953
Northrop
Grumman
Corp.
7,022,351
0
.2
10,050
Old
Dominion
Freight
Line,
Inc.
4,111,857
0
.1
46,186
Otis
Worldwide
Corp.
3,709,198
0
.1
58,643
PACCAR,
Inc.
4,985,828
0
.1
14,391
Parker-Hannifin
Corp.
5,605,582
0
.1
18,554
Pentair
PLC
1,201,371
0.0
16,287
Quanta
Services,
Inc.
3,046,809
0
.1
163,265
Raytheon
Technologies
Corp.
11,750,182
0
.3
23,064
Republic
Services,
Inc.
3,286,851
0
.1
12,011
Robert
Half
International,
Inc.
880,166
0.0
12,884
Rockwell
Automation,
Inc.
3,683,149
0
.1
31,493
Rollins,
Inc.
1,175,634
0.0
5,954
Snap-on,
Inc.
1,518,627
0.0
66,937
Southwest
Airlines
Co.
1,811,985
0
.1
17,226
Stanley
Black
&
Decker,
Inc.
1,439,749
0.0
22,218
Textron,
Inc.
1,736,114
0.0
25,619
Trane
Technologies
PLC
5,198,351
0
.1
6,190
(1)
TransDigm
Group,
Inc.
5,218,975
0
.1
68,363
Union
Pacific
Corp.
13,920,758
0
.3
36,892
(1)
United
Airlines
Holdings,
Inc.
1,560,532
0.0
81,130
United
Parcel
Service,
Inc.
- Class
B
12,645,733
0
.3
7,659
United
Rentals,
Inc.
3,404,962
0
.1
16,287
Verisk
Analytics,
Inc.
3,847,641
0
.1
41,346
Waste
Management,
Inc.
6,302,784
0
.2
20,093
Westinghouse
Air
Brake
Technologies
Corp.
2,135,283
0
.1
4,992
WW
Grainger,
Inc.
3,453,665
0
.1
26,914
Xylem,
Inc.
2,449,981
0
.1
330,131,952
8
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
5
Voya
U.S.
Stock
Index
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology
:
29
.5
%
70,756
Accenture
PLC
- Class
A
$
21,729,875
0
.5
51,127
(1)
Adobe,
Inc.
26,069,657
0
.6
181,141
(1)
Advanced
Micro
Devices,
Inc.
18,624,918
0
.5
17,050
(1)
Akamai
Technologies,
Inc.
1,816,507
0
.1
66,964
Amphenol
Corp.
- Class
A
5,624,306
0
.1
56,244
Analog
Devices,
Inc.
9,847,762
0
.2
9,748
(1)
ANSYS,
Inc.
2,900,517
0
.1
1,648,473
Apple,
Inc.
282,235,062
6
.9
94,195
Applied
Materials,
Inc.
13,041,298
0
.3
28,089
(1)
Arista
Networks,
Inc.
5,166,410
0
.1
23,974
(1)
Autodesk,
Inc.
4,960,460
0
.1
46,291
Broadcom,
Inc.
38,448,379
0
.9
13,271
Broadridge
Financial
Solutions,
Inc.
2,376,173
0
.1
30,487
(1)
Cadence
Design
Systems,
Inc.
7,143,104
0
.2
15,036
CDW
Corp.
3,033,663
0
.1
457,100
Cisco
Systems,
Inc.
24,573,696
0
.6
56,651
Cognizant
Technology
Solutions
Corp.
- Class
A
3,837,539
0
.1
86,064
Corning,
Inc.
2,622,370
0
.1
23,014
(1)
DXC
Technology
Co.
479,382
0.0
15,295
(1)
Enphase
Energy,
Inc.
1,837,694
0
.1
6,514
(1)
EPAM
Systems,
Inc.
1,665,565
0.0
6,652
(1)
F5,
Inc.
1,071,903
0.0
2,788
(1)
Fair
Isaac
Corp.
2,421,462
0
.1
11,983
(1)
First
Solar,
Inc.
1,936,333
0
.1
8,305
(1)
FleetCor
Technologies,
Inc.
2,120,599
0
.1
73,116
(1)
Fortinet,
Inc.
4,290,447
0
.1
8,842
(1)
Gartner,
Inc.
3,038,200
0
.1
63,119
Gen
Digital,
Inc.
1,115,944
0.0
144,870
Hewlett
Packard
Enterprise
Co.
2,516,392
0
.1
97,513
HP,
Inc.
2,506,084
0
.1
469,174
Intel
Corp.
16,679,136
0
.4
102,141
International
Business
Machines
Corp.
14,330,382
0
.4
31,414
Intuit,
Inc.
16,050,669
0
.4
8,197
Jack
Henry
&
Associates,
Inc.
1,238,895
0.0
36,174
Juniper
Networks,
Inc.
1,005,275
0.0
20,038
(1)
Keysight
Technologies,
Inc.
2,651,228
0
.1
15,336
KLA
Corp.
7,034,010
0
.2
14,952
Lam
Research
Corp.
9,371,465
0
.2
93,327
Mastercard,
Inc.
- Class
A
36,949,093
0
.9
61,058
Microchip
Technology,
Inc.
4,765,577
0
.1
122,860
Micron
Technology,
Inc.
8,358,166
0
.2
833,398
Microsoft
Corp.
263,145,419
6
.4
5,359
Monolithic
Power
Systems,
Inc.
2,475,858
0
.1
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
18,735
Motorola
Solutions,
Inc.
$
5,100,416
0
.1
23,647
NetApp,
Inc.
1,794,334
0
.1
277,060
NVIDIA
Corp.
120,518,329
3
.0
28,918
NXP
Semiconductors
NV
5,781,287
0
.1
48,405
(1)
ON
Semiconductor
Corp.
4,499,245
0
.1
176,586
Oracle
Corp.
18,703,989
0
.5
34,308
(1)
Palo
Alto
Networks,
Inc.
8,043,168
0
.2
35,994
Paychex,
Inc.
4,151,188
0
.1
5,468
Paycom
Software,
Inc.
1,417,688
0.0
123,167
(1)
PayPal
Holdings,
Inc.
7,200,343
0
.2
13,330
(1)
PTC,
Inc.
1,888,594
0
.1
10,983
(1)
Qorvo,
Inc.
1,048,547
0.0
125,182
Qualcomm,
Inc.
13,902,713
0
.3
11,970
Roper
Technologies,
Inc.
5,796,832
0
.1
109,254
(1)
Salesforce,
Inc.
22,154,526
0
.5
21,663
Seagate
Technology
Holdings
PLC
1,428,675
0.0
22,883
(1)
ServiceNow,
Inc.
12,790,682
0
.3
17,903
Skyworks
Solutions,
Inc.
1,765,057
0.0
6,338
(1)
SolarEdge
Technologies,
Inc.
820,834
0.0
17,068
(1)
Synopsys,
Inc.
7,833,700
0
.2
35,215
TE
Connectivity
Ltd.
4,350,109
0
.1
5,292
(1)
Teledyne
Technologies,
Inc.
2,162,205
0
.1
17,276
Teradyne,
Inc.
1,735,547
0.0
101,847
Texas
Instruments,
Inc.
16,194,691
0
.4
27,868
(1)
Trimble,
Inc.
1,500,971
0.0
4,716
(1)
Tyler
Technologies,
Inc.
1,821,036
0
.1
10,065
(1)
VeriSign,
Inc.
2,038,464
0
.1
180,234
Visa,
Inc.
- Class
A
41,455,622
1
.0
35,988
(1)
Western
Digital
Corp.
1,642,132
0.0
5,759
(1)
Zebra
Technologies
Corp.
- Class
A
1,362,176
0.0
1,204,009,974
29
.5
Materials
:
2
.4
%
24,918
Air
Products
and
Chemicals,
Inc.
7,061,761
0
.2
13,163
Albemarle
Corp.
2,238,237
0
.1
165,515
Amcor
PLC
1,516,117
0.0
9,039
Avery
Dennison
Corp.
1,651,154
0.0
35,382
Ball
Corp.
1,761,316
0.0
11,258
Celanese
Corp.
1,413,104
0.0
21,643
CF
Industries
Holdings,
Inc.
1,855,671
0.0
79,614
Corteva,
Inc.
4,073,052
0
.1
78,864
Dow,
Inc.
4,066,228
0
.1
51,493
DuPont
de
Nemours,
Inc.
3,840,863
0
.1
13,298
Eastman
Chemical
Co.
1,020,223
0.0
28,455
Ecolab,
Inc.
4,820,277
0
.1
14,065
FMC
Corp.
941,933
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
6
Voya
U.S.
Stock
Index
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Materials:
(continued)
160,811
Freeport-McMoRan,
Inc.
$
5,996,642
0
.2
28,694
International
Flavors
&
Fragrances,
Inc.
1,956,070
0
.1
38,811
International
Paper
Co.
1,376,626
0.0
54,733
Linde
PLC
20,379,833
0
.5
28,539
LyondellBasell
Industries
NV
- Class
A
2,702,643
0
.1
6,933
Martin
Marietta
Materials,
Inc.
2,845,858
0
.1
37,357
Mosaic
Co.
1,329,909
0.0
89,145
Newmont
Corp.
3,293,908
0
.1
27,899
Nucor
Corp.
4,362,009
0
.1
10,116
Packaging
Corp.
of
America
1,553,312
0.0
26,418
PPG
Industries,
Inc.
3,429,056
0
.1
16,241
Sealed
Air
Corp.
533,679
0.0
26,398
Sherwin-Williams
Co.
6,732,810
0
.2
17,465
Steel
Dynamics,
Inc.
1,872,597
0
.1
14,904
Vulcan
Materials
Co.
3,010,906
0
.1
28,811
Westrock
Co.
1,031,434
0.0
98,667,228
2
.4
Real
Estate
:
2
.2
%
17,468
Alexandria
Real
Estate
Equities,
Inc.
1,748,547
0.0
52,289
American
Tower
Corp.
8,598,926
0
.2
15,930
AvalonBay
Communities,
Inc.
2,735,818
0
.1
16,054
Boston
Properties,
Inc.
954,892
0.0
12,009
Camden
Property
Trust
1,135,811
0.0
34,755
(1)
CBRE
Group,
Inc.
- Class
A
2,567,004
0
.1
48,646
Crown
Castle,
Inc.
4,476,891
0
.1
33,955
Digital
Realty
Trust,
Inc.
4,109,234
0
.1
10,495
Equinix,
Inc.
7,622,099
0
.2
38,359
Equity
Residential
2,252,057
0
.1
7,220
Essex
Property
Trust,
Inc.
1,531,290
0.0
23,699
Extra
Space
Storage,
Inc.
2,881,324
0
.1
8,252
Federal
Realty
Investment
Trust
747,879
0.0
61,529
Healthpeak
Properties,
Inc.
1,129,673
0.0
80,004
Host
Hotels
&
Resorts,
Inc.
1,285,664
0.0
64,525
Invitation
Homes,
Inc.
2,044,797
0
.1
32,803
Iron
Mountain,
Inc.
1,950,138
0
.1
69,728
Kimco
Realty
Corp.
1,226,516
0.0
13,122
Mid-America
Apartment
Communities,
Inc.
1,688,145
0.0
103,630
Prologis,
Inc.
11,628,322
0
.3
17,750
Public
Storage
4,677,480
0
.1
79,505
Realty
Income
Corp.
3,970,480
0
.1
18,483
Regency
Centers
Corp.
1,098,630
0.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate:
(continued)
12,157
SBA
Communications
Corp.
$
2,433,467
0
.1
36,701
Simon
Property
Group,
Inc.
3,964,809
0
.1
34,001
UDR,
Inc.
1,212,816
0.0
45,000
Ventas,
Inc.
1,895,850
0.0
112,962
VICI
Properties,
Inc.
3,287,194
0
.1
58,186
Welltower,
Inc.
4,766,597
0
.1
81,968
Weyerhaeuser
Co.
2,513,139
0
.1
92,135,489
2
.2
Utilities
:
2
.4
%
75,290
AES
Corp.
1,144,408
0.0
28,277
Alliant
Energy
Corp.
1,370,021
0.0
29,540
Ameren
Corp.
2,210,478
0
.1
57,787
American
Electric
Power
Co.,
Inc.
4,346,738
0
.1
21,836
American
Water
Works
Co.,
Inc.
2,703,952
0
.1
16,653
Atmos
Energy
Corp.
1,764,052
0.0
70,981
CenterPoint
Energy,
Inc.
1,905,840
0.0
32,807
CMS
Energy
Corp.
1,742,380
0.0
38,690
Consolidated
Edison,
Inc.
3,309,156
0
.1
36,073
Constellation
Energy
Corp.
3,934,843
0
.1
93,861
Dominion
Energy,
Inc.
4,192,771
0
.1
23,184
DTE
Energy
Co.
2,301,707
0
.1
86,450
Duke
Energy
Corp.
7,630,077
0
.2
42,994
Edison
International
2,721,090
0
.1
23,719
Entergy
Corp.
2,194,007
0
.1
25,836
Evergy,
Inc.
1,309,885
0.0
39,239
Eversource
Energy
2,281,748
0
.1
111,634
Exelon
Corp.
4,218,649
0
.1
57,883
FirstEnergy
Corp.
1,978,441
0
.1
227,000
NextEra
Energy,
Inc.
13,004,830
0
.3
46,463
NiSource,
Inc.
1,146,707
0.0
25,700
NRG
Energy,
Inc.
989,964
0.0
234,575
(1)
PG&E
Corp.
3,783,695
0
.1
12,740
Pinnacle
West
Capital
Corp.
938,683
0.0
82,909
PPL
Corp.
1,953,336
0.0
55,985
Public
Service
Enterprise
Group,
Inc.
3,186,106
0
.1
70,589
Sempra
Energy
4,802,170
0
.1
122,327
Southern
Co.
7,917,003
0
.2
35,382
WEC
Energy
Group,
Inc.
2,850,020
0
.1
61,907
Xcel
Energy,
Inc.
3,542,319
0
.1
97,375,076
2
.4
Total
Common
Stock
(Cost
$2,945,479,986)
4,031,153,121
98
.7
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
7
Voya
U.S.
Stock
Index
Portfolio
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1
.1
%
Repurchase
Agreements
:
0.0
%
397,427
(3)
Bethesda
Securities
LLC,
Repurchase
Agreement
dated
09/29/2023,
5.390%,
due
10/02/2023
(Repurchase
Amount
$397,603,
collateralized
by
various
U.S.
Government
Agency
Obligations,
3.062%-
6.000%,
Market
Value
plus
accrued
interest
$405,376,
due
08/01/28-07/01/53)
$
397,427
0.0
163,498
(3)
National
Bank
Financial,
Repurchase
Agreement
dated
09/29/2023,
5.340%,
due
10/02/2023
(Repurchase
Amount
$163,570,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.750%,
Market
Value
plus
accrued
interest
$166,768,
due
10/02/23)
163,498
0.0
Total
Repurchase
Agreements
(Cost
$560,925)
560,925
0.0
Shares
RA
Value
Percentage
of
Net
Assets
Mutual
Funds
:
1
.1
%
46,128,000
(4)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$46,128,000)
$
46,128,000
1
.1
Total
Short-Term
Investments
(Cost
$46,688,925)
46,688,925
1
.1
Total
Investments
in
Securities
(Cost
$2,992,168,911)
$
4,077,842,046
99
.8
Assets
in
Excess
of
Other
Liabilities
6,149,014
0.2
Net
Assets
$
4,083,991,060
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)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
(4)
Rate
shown
is
the
7-day
yield
as
of
September
30,
2023.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(unaudited)
(continued)
8
Voya
U.S.
Stock
Index
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
Common
Stock*
$
4,031,153,121
$
—
$
—
$
4,031,153,121
Short-Term
Investments
46,128,000
560,925
—
46,688,925
Total
Investments,
at
fair
value
$
4,077,281,121
$
560,925
$
—
$
4,077,842,046
Liabilities
Table
Other
Financial
Instruments+
Futures
$
(
2,205,959
)
$
—
$
—
$
(
2,205,959
)
Total
Liabilities
$
(
2,205,959
)
$
—
$
—
$
(
2,205,959
)
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
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.
At
September
30,
2023,
the
following
futures
contracts
were
outstanding
for
Voya
U.S.
Stock
Index
Portfolio:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Depreciation
Long
Contracts:
S&P
500
E-Mini
239
12/15/23
$
51,689,725
$
(
2,205,959
)
$
51,689,725
$
(
2,205,959
)
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
1,241,762,249
Gross
Unrealized
Depreciation
(
156,089,114
)
Net
Unrealized
Appreciation
$
1,085,673,135