PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
35
.6
%
Communication
Services
:
2
.3
%
4,000
(1)
Adevinta
ASA
$
39,407
0.0
19,335
(1)
Alphabet,
Inc.
-
Class
A
2,530,178
0
.9
54
Cable
One,
Inc.
33,245
0.0
84
(1)
Charter
Communications,
Inc.
-
Class
A
36,945
0.0
16,587
Comcast
Corp.
-
Class
A
735,468
0
.3
1,469
Electronic
Arts,
Inc.
176,868
0
.1
5,662
Iridium
Communications,
Inc.
257,564
0
.1
1,700
KDDI
Corp.
52,038
0.0
4,155
(1)
Meta
Platforms,
Inc.
-
Class
A
1,247,372
0
.5
1,470
(1)
Netflix,
Inc.
555,072
0
.2
264
New
York
Times
Co.
-
Class
A
10,877
0.0
57
Nexstar
Media
Group,
Inc.
8,172
0.0
40,000
Nippon
Telegraph
&
Telephone
Corp.
47,345
0.0
856
Publicis
Groupe
SA
64,793
0.0
1,118
(2)
Scout24
SE
77,520
0.0
8,900
Singapore
Telecommunications
Ltd.
15,754
0.0
1,400
SoftBank
Group
Corp.
58,976
0.0
910
(1)
Spotify
Technology
SA
140,722
0
.1
3,638
TEGNA,
Inc.
53,006
0.0
16,011
Telefonica
SA
65,410
0.0
30,015
Telstra
Group
Ltd.
74,156
0.0
257
(1)
Trade
Desk,
Inc.
-
Class
A
20,085
0.0
745
(1)
TripAdvisor,
Inc.
12,352
0.0
6,077
Vivendi
SE
53,223
0.0
107,525
Vodafone
Group
PLC
100,795
0
.1
2,034
WPP
PLC
18,122
0.0
2,420
(1)
ZoomInfo
Technologies,
Inc.
39,688
0.0
6,525,153
2
.3
Consumer
Discretionary
:
4
.0
%
1,560
ADT,
Inc.
9,360
0.0
13,642
(1)
Amazon.com,
Inc.
1,734,171
0
.6
2,316
Aramark
80,365
0.0
3,732
Aristocrat
Leisure
Ltd.
97,504
0.0
472
(1)
AutoNation,
Inc.
71,461
0.0
4,614
BorgWarner,
Inc.
186,267
0
.1
3,803
Boyd
Gaming
Corp.
231,336
0
.1
205
Brunswick
Corp.
16,195
0.0
2,730
Burberry
Group
PLC
63,268
0.0
217
(1)
Caesars
Entertainment,
Inc.
10,058
0.0
579
(1)(3)
Chewy,
Inc.
-
Class
A
10,573
0.0
938
Cie
Financiere
Richemont
SA
114,233
0
.1
10,393
(1)
Coupang,
Inc.
176,681
0
.1
1,226
(1)
Crocs,
Inc.
108,170
0
.1
192
(1)
Deckers
Outdoor
Corp.
98,705
0.0
487
(1)(2)
Delivery
Hero
SE
13,906
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
368
Dick's
Sporting
Goods,
Inc.
$
39,957
0.0
3,396
DR
Horton,
Inc.
364,968
0
.1
1,677
Entain
PLC
19,020
0.0
568
(1)
Etsy,
Inc.
36,681
0.0
502
(2)
Evolution
AB
50,656
0.0
395
(1)
Expedia
Group,
Inc.
40,713
0.0
160
Ferrari
NV
47,166
0.0
1,253
(1)
Five
Below,
Inc.
201,608
0
.1
15,630
Ford
Motor
Co.
194,125
0
.1
580
(1)(3)
GameStop
Corp.
-
Class
A
9,547
0.0
1,465
Gap,
Inc.
15,573
0.0
12,872
General
Motors
Co.
424,390
0
.2
6,178
Gentex
Corp.
201,032
0
.1
111,200
Genting
Singapore
Ltd.
68,648
0.0
1,507
Genuine
Parts
Co.
217,581
0
.1
64
Graham
Holdings
Co.
-
Class
B
37,312
0.0
455
(1)
Grand
Canyon
Education,
Inc.
53,180
0.0
1,100
H&R
Block,
Inc.
47,366
0.0
1,860
Harley-Davidson,
Inc.
61,492
0.0
9
Hermes
International
16,405
0.0
5,408
(1)
Hilton
Grand
Vacations,
Inc.
220,106
0
.1
451
Home
Depot,
Inc.
136,274
0
.1
9,600
(3)
Honda
Motor
Co.
Ltd.
107,997
0
.1
4,057
Industria
de
Diseno
Textil
SA
150,969
0
.1
663
KB
Home
30,684
0.0
1,143
Kohl's
Corp.
23,957
0.0
1,788
(2)
La
Francaise
des
Jeux
SAEM
58,074
0.0
892
Lear
Corp.
119,706
0
.1
384
Leggett
&
Platt,
Inc.
9,757
0.0
117
(1)
Light
&
Wonder,
Inc.
8,346
0.0
36
Lithia
Motors,
Inc.
10,632
0.0
7,758
LKQ
Corp.
384,099
0
.1
304
(1)
Lululemon
Athletica,
Inc.
117,225
0
.1
183
LVMH
Moet
Hennessy
Louis
Vuitton
SE
138,134
0
.1
10,255
(3)
Macy's,
Inc.
119,061
0
.1
84
Marriott
Vacations
Worldwide
Corp.
8,453
0.0
3,282
(1)
Mattel,
Inc.
72,302
0.0
9,646
MGM
Resorts
International
354,587
0
.1
760
Moncler
SpA
44,046
0.0
5,268
NIKE,
Inc.
-
Class
B
503,726
0
.2
8,300
Nissan
Motor
Co.
Ltd.
36,630
0.0
12,086
(3)
Nordstrom,
Inc.
180,565
0
.1
11
(1)
NVR,
Inc.
65,596
0.0
731
(1)
Ollie's
Bargain
Outlet
Holdings,
Inc.
56,419
0.0
300
Open
House
Group
Co.
Ltd.
10,172
0.0
1,073
Pandora
A/S
110,724
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Discretionary:
(continued)
5,899
(1)
Penn
Entertainment,
Inc.
$
135,382
0
.1
304
(1)
Planet
Fitness,
Inc.
-
Class
A
14,951
0.0
857
(1)
Prosus
NV
25,252
0.0
439
PVH
Corp.
33,588
0.0
1,344
Ralph
Lauren
Corp.
156,025
0
.1
5,100
Sekisui
Chemical
Co.
Ltd.
73,373
0.0
4,400
Sekisui
House
Ltd.
87,566
0.0
2,200
(1)(3)
Sharp
Corp./Japan
13,696
0.0
200
Sony
Group
Corp.
16,355
0.0
1,471
Stellantis
NV
28,167
0.0
3,500
Subaru
Corp.
68,056
0.0
2,788
Tapestry,
Inc.
80,155
0.0
2,477
(1)
Taylor
Morrison
Home
Corp.
105,545
0.0
4,671
(1)
Tesla,
Inc.
1,168,778
0
.4
396
(1)
TopBuild
Corp.
99,634
0.0
6,000
Toyota
Motor
Corp.
107,642
0.0
1,958
Travel
+
Leisure
Co.
71,917
0.0
6,889
(1)
Under
Armour,
Inc.
-
Class
A
47,190
0.0
500
USS
Co.
Ltd.
8,266
0.0
2,553
Valeo
43,809
0.0
16,152
Wendy's
Co.
329,662
0
.1
1,477
Whitbread
PLC
62,172
0.0
524
Williams-Sonoma,
Inc.
81,430
0.0
131
Wingstop,
Inc.
23,559
0.0
1,998
Wynn
Resorts
Ltd.
184,635
0
.1
1,632
(1)(2)
Zalando
SE
36,260
0.0
11,350,979
4
.0
Consumer
Staples
:
2
.4
%
874
Anheuser-Busch
InBev
SA
48,451
0.0
6,882
(1)
BellRing
Brands,
Inc.
283,745
0
.1
166
(1)
BJ's
Wholesale
Club
Holdings,
Inc.
11,847
0.0
65
(1)
Boston
Beer
Co.,
Inc.
-
Class
A
25,320
0.0
5,666
British
American
Tobacco
PLC
177,906
0
.1
3,282
Carrefour
SA
56,369
0.0
31
Casey's
General
Stores,
Inc.
8,417
0.0
452
(1)
Celsius
Holdings,
Inc.
77,563
0.0
1,000
Church
&
Dwight
Co.,
Inc.
91,630
0.0
401
Coca-Cola
Consolidated,
Inc.
255,164
0
.1
475
Coca-Cola
Europacific
Partners
PLC
29,678
0.0
1,189
Coca-Cola
HBC
AG
-
Class
DI
32,512
0.0
3,289
Coles
Group
Ltd.
32,827
0.0
4,959
Colgate-Palmolive
Co.
352,635
0
.1
643
Costco
Wholesale
Corp.
363,269
0
.1
2,384
(1)
Darling
Ingredients,
Inc.
124,445
0
.1
438
Flowers
Foods,
Inc.
9,715
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Consumer
Staples:
(continued)
5,905
General
Mills,
Inc.
$
377,861
0
.2
2,439
Haleon
PLC
10,110
0.0
1,310
Heineken
Holding
NV
98,723
0
.1
4,142
Imperial
Brands
PLC
84,027
0.0
669
Ingredion,
Inc.
65,830
0.0
6,684
J
Sainsbury
PLC
20,584
0.0
6,200
Japan
Tobacco,
Inc.
142,650
0
.1
1,900
Kobayashi
Pharmaceutical
Co.
Ltd.
84,742
0.0
1,273
Koninklijke
Ahold
Delhaize
NV
38,368
0.0
122
L'Oreal
SA
50,558
0.0
2,615
Mowi
ASA
46,221
0.0
2,017
Nestle
SA
228,316
0
.1
5,244
PepsiCo,
Inc.
888,543
0
.3
6,085
(1)
Performance
Food
Group
Co.
358,163
0
.1
542
Pernod
Ricard
SA
90,238
0.0
7,855
Philip
Morris
International,
Inc.
727,216
0
.3
5,337
Procter
&
Gamble
Co.
778,455
0
.3
13
Seaboard
Corp.
48,789
0.0
1,800
Sysco
Corp.
118,890
0
.1
33,262
Tesco
PLC
106,987
0
.1
6,240
Treasury
Wine
Estates
Ltd.
49,275
0.0
179
Unilever
PLC
8,855
0.0
446
Unilever
PLC
-
NL
22,080
0.0
7,633
(1)
US
Foods
Holding
Corp.
303,030
0
.1
85,500
(2)
WH
Group
Ltd.
44,752
0.0
2,000
Yakult
Honsha
Co.
Ltd.
48,574
0.0
6,823,330
2
.4
Energy
:
1
.7
%
2,399
Aker
BP
ASA
66,241
0.0
526
Ampol
Ltd.
11,356
0.0
954
(1)
Antero
Resources
Corp.
24,213
0.0
13,157
Baker
Hughes
Co.
464,705
0
.2
33,433
BP
PLC
215,508
0
.1
2,912
ChampionX
Corp.
103,725
0.0
1,232
Chevron
Corp.
207,740
0
.1
346
Chord
Energy
Corp.
56,076
0.0
2,245
(1)
CNX
Resources
Corp.
50,692
0.0
1,832
ConocoPhillips
219,474
0
.1
2,421
Coterra
Energy,
Inc.
65,488
0.0
1,897
Diamondback
Energy,
Inc.
293,807
0
.1
992
DT
Midstream,
Inc.
52,497
0.0
2,000
ENEOS
Holdings,
Inc.
7,872
0.0
3,474
EOG
Resources,
Inc.
440,364
0
.2
368
EQT
Corp.
14,933
0.0
257
Equinor
ASA
8,422
0.0
25,367
Equitrans
Midstream
Corp.
237,689
0
.1
5,928
Exxon
Mobil
Corp.
697,014
0
.3
396
HF
Sinclair
Corp.
22,544
0.0
2,100
Inpex
Corp.
31,497
0.0
1,128
Matador
Resources
Co.
67,094
0.0
1,700
Murphy
Oil
Corp.
77,095
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Energy:
(continued)
5,942
(3)
New
Fortress
Energy,
Inc.
$
194,779
0
.1
418
OMV
AG
19,966
0.0
495
Ovintiv,
Inc.
23,547
0.0
1,348
PBF
Energy,
Inc.
-
Class
A
72,158
0.0
2,734
Phillips
66
328,490
0
.1
424
Pioneer
Natural
Resources
Co.
97,329
0.0
2,682
Range
Resources
Corp.
86,924
0.0
6,407
Repsol
SA
105,389
0
.1
5,663
Shell
PLC
179,486
0
.1
3,836
(1)
Southwestern
Energy
Co.
24,742
0.0
688
Tenaris
SA
10,868
0.0
1,343
TotalEnergies
SE
88,301
0.0
2,391
Valero
Energy
Corp.
338,829
0
.1
90
(1)
Weatherford
International
PLC
8,130
0.0
5,014,984
1
.7
Financials
:
4
.5
%
3,006
3i
Group
PLC
75,663
0.0
2,108
(2)
ABN
AMRO
Bank
NV
29,791
0.0
17
(1)(2)
Adyen
NV
12,604
0.0
717
Affiliated
Managers
Group,
Inc.
93,454
0.0
1,600
AIA
Group
Ltd.
12,939
0.0
34
Allianz
SE
8,091
0.0
1,343
Ally
Financial,
Inc.
35,831
0.0
599
American
Financial
Group,
Inc.
66,890
0.0
1,036
American
International
Group,
Inc.
62,782
0.0
1,266
Ameriprise
Financial,
Inc.
417,375
0
.2
761
(2)
Amundi
SA
42,743
0.0
750
Annaly
Capital
Management,
Inc.
14,108
0.0
1,720
Aon
PLC
-
Class
A
557,658
0
.2
264
Assured
Guaranty
Ltd.
15,977
0.0
5,609
AXA
SA
166,413
0
.1
574
Axis
Capital
Holdings
Ltd.
32,356
0.0
12,325
Banco
Bilbao
Vizcaya
Argentaria
SA
99,745
0.0
5,610
Bank
Leumi
Le-Israel
BM
46,484
0.0
2,034
Bank
OZK
75,400
0.0
17,242
Barclays
PLC
33,233
0.0
2,234
(1)
Berkshire
Hathaway,
Inc.
-
Class
B
782,570
0
.3
121
BlackRock,
Inc.
78,225
0.0
2,899
BNP
Paribas
SA
184,337
0
.1
3,578
Capital
One
Financial
Corp.
347,245
0
.1
2,341
Charles
Schwab
Corp.
128,521
0
.1
10,118
Citigroup,
Inc.
416,153
0
.2
1,041
Citizens
Financial
Group,
Inc.
27,899
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
1,794
CME
Group,
Inc.
$
359,195
0
.1
6,001
CNO
Financial
Group,
Inc.
142,404
0
.1
1,747
Commerce
Bancshares,
Inc.
83,821
0.0
5,463
Commerzbank
AG
62,002
0.0
156
Commonwealth
Bank
of
Australia
9,965
0.0
2,600
Dai-ichi
Life
Holdings,
Inc.
53,675
0.0
1,945
Danske
Bank
A/S
45,136
0.0
8,854
Deutsche
Bank
AG
97,308
0.0
1,563
East
West
Bancorp,
Inc.
82,386
0.0
2,301
Equitable
Holdings,
Inc.
65,325
0.0
158
Erie
Indemnity
Co.
-
Class
A
46,419
0.0
1,307
Essent
Group
Ltd.
61,808
0.0
365
Evercore,
Inc.
-
Class
A
50,326
0.0
53
Everest
Re
Group
Ltd.
19,699
0.0
198
Fidelity
National
Financial,
Inc.
8,177
0.0
2,016
FinecoBank
Banca
Fineco
SpA
24,344
0.0
1,278
First
American
Financial
Corp.
72,194
0.0
1,487
First
Financial
Bankshares,
Inc.
37,353
0.0
1,456
First
Hawaiian,
Inc.
26,281
0.0
771
FNB
Corp.
8,319
0.0
2,318
Hancock
Whitney
Corp.
85,743
0.0
2,874
Hartford
Financial
Services
Group,
Inc.
203,795
0
.1
7,262
HSBC
Holdings
PLC
56,828
0.0
3,987
Industrivarden
AB
-
Class
A
105,134
0
.1
783
ING
Groep
NV
10,320
0.0
380
International
Bancshares
Corp.
16,469
0.0
59,289
Intesa
Sanpaolo
SpA
151,852
0
.1
4,689
Investor
AB
-
Class
B
89,769
0.0
1,127
Janus
Henderson
Group
PLC
29,099
0.0
1,031
Jefferies
Financial
Group,
Inc.
37,766
0.0
5,642
JPMorgan
Chase
&
Co.
818,203
0
.3
945
Julius
Baer
Group
Ltd.
60,487
0.0
343
Kemper
Corp.
14,416
0.0
29,331
Legal
&
General
Group
PLC
79,145
0.0
6,539
Loews
Corp.
413,984
0
.2
170
London
Stock
Exchange
Group
PLC
17,039
0.0
755
MarketAxess
Holdings,
Inc.
161,298
0
.1
3,617
Marsh
&
McLennan
Cos.,
Inc.
688,315
0
.3
4,061
MetLife,
Inc.
255,478
0
.1
5,648
MGIC
Investment
Corp.
94,265
0.0
12,000
Mitsubishi
UFJ
Financial
Group,
Inc.
101,690
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
4
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Financials:
(continued)
5,385
National
Australia
Bank
Ltd.
$
99,969
0.0
36,986
NatWest
Group
PLC
105,801
0
.1
3,139
NN
Group
NV
100,631
0.0
6,217
Nordea
Bank
Abp
68,162
0.0
1,842
OneMain
Holdings,
Inc.
73,846
0.0
6,800
ORIX
Corp.
126,972
0
.1
1,063
Pinnacle
Financial
Partners,
Inc.
71,264
0.0
4,170
(2)
Poste
Italiane
SpA
43,791
0.0
1,140
Prosperity
Bancshares,
Inc.
62,221
0.0
6,932
QBE
Insurance
Group
Ltd.
69,440
0.0
880
Reinsurance
Group
of
America,
Inc.
127,767
0
.1
41
RenaissanceRe
Holdings
Ltd.
8,115
0.0
30,457
Rithm
Capital
Corp.
282,946
0
.1
201
RLI
Corp.
27,314
0.0
2,764
SLM
Corp.
37,646
0.0
2,300
(3)
Sompo
Holdings,
Inc.
98,571
0.0
1,954
Standard
Chartered
PLC
17,972
0.0
3,949
(3)
Starwood
Property
Trust,
Inc.
76,413
0.0
2,570
State
Street
Corp.
172,087
0
.1
1,236
Stifel
Financial
Corp.
75,940
0.0
3,200
Sumitomo
Mitsui
Financial
Group,
Inc.
157,203
0
.1
2,900
Sumitomo
Mitsui
Trust
Holdings,
Inc.
109,176
0
.1
4,795
Svenska
Handelsbanken
AB
-
Class
A
42,665
0.0
3,153
Swedbank
AB
-
Class
A
57,957
0.0
10,132
Synchrony
Financial
309,735
0
.1
6,600
(3)
Tokio
Marine
Holdings,
Inc.
152,814
0
.1
2,179
Tradeweb
Markets,
Inc.
-
Class
A
174,756
0
.1
1,875
UMB
Financial
Corp.
116,344
0
.1
4,391
UniCredit
SpA
104,622
0
.1
3,855
Unum
Group
189,627
0
.1
15,329
Wells
Fargo
&
Co.
626,343
0
.2
1,328
Willis
Towers
Watson
PLC
277,499
0
.1
1,312
Wintrust
Financial
Corp.
99,056
0.0
688
Zions
Bancorp
NA
24,004
0.0
12,900,388
4
.5
Health
Care
:
4
.5
%
1,382
AbbVie,
Inc.
206,001
0
.1
3,062
Agilent
Technologies,
Inc.
342,393
0
.1
1,223
Alcon,
Inc.
94,376
0.0
55
(1)
Alnylam
Pharmaceuticals,
Inc.
9,740
0.0
600
(1)
Arrowhead
Pharmaceuticals,
Inc.
16,122
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
7,500
Astellas
Pharma,
Inc.
$
103,812
0.0
877
AstraZeneca
PLC
118,294
0
.1
9,850
Bristol-Myers
Squibb
Co.
571,694
0
.2
935
Bruker
Corp.
58,250
0.0
198
Cardinal
Health,
Inc.
17,190
0.0
4,072
(1)
Centene
Corp.
280,479
0
.1
1,500
Chugai
Pharmaceutical
Co.
Ltd.
46,251
0.0
579
Cigna
Group
165,635
0
.1
499
Cochlear
Ltd.
81,728
0.0
4,418
CVS
Health
Corp.
308,465
0
.1
400
Daiichi
Sankyo
Co.
Ltd.
10,951
0.0
803
Danaher
Corp.
199,224
0
.1
214
(1)
Demant
A/S
8,836
0.0
1,090
(1)
Dexcom,
Inc.
101,697
0.0
2,913
(1)
Doximity,
Inc.
-
Class
A
61,814
0.0
4,861
(1)
Edwards
Lifesciences
Corp.
336,770
0
.1
1,021
Elevance
Health,
Inc.
444,564
0
.2
674
Eli
Lilly
&
Co.
362,026
0
.1
10,068
(1)
Exelixis,
Inc.
219,986
0
.1
5,622
Gilead
Sciences,
Inc.
421,313
0
.2
1,315
(1)
Globus
Medical,
Inc.
-
Class
A
65,290
0.0
7,041
GSK
PLC
127,399
0
.1
522
(1)
Haemonetics
Corp.
46,761
0.0
1,352
(1)
Halozyme
Therapeutics,
Inc.
51,646
0.0
221
(1)
HealthEquity,
Inc.
16,144
0.0
3,898
Hikma
Pharmaceuticals
PLC
98,983
0.0
1,681
(1)
Hologic,
Inc.
116,661
0.0
1,100
Hoya
Corp.
112,659
0.0
631
Humana,
Inc.
306,994
0
.1
1,957
(1)
Inari
Medical,
Inc.
127,988
0
.1
4,524
(1)
Incyte
Corp.
261,351
0
.1
310
(1)
Inspire
Medical
Systems,
Inc.
61,516
0.0
137
(1)
Intuitive
Surgical,
Inc.
40,044
0.0
699
Ipsen
SA
91,584
0.0
657
(1)
Jazz
Pharmaceuticals
PLC
85,042
0.0
4,803
Johnson
&
Johnson
748,067
0
.3
3,220
(1)
Lantheus
Holdings,
Inc.
223,726
0
.1
1,127
(1)
LivaNova
PLC
59,596
0.0
92
(1)
Masimo
Corp.
8,067
0.0
484
McKesson
Corp.
210,467
0
.1
2,689
Medtronic
PLC
210,710
0
.1
8,082
Merck
&
Co.,
Inc.
832,042
0
.3
274
Merck
KGaA
45,678
0.0
113
(1)
Mettler-Toledo
International,
Inc.
125,212
0
.1
596
(1)
Molina
Healthcare,
Inc.
195,422
0
.1
2,420
(1)
Neurocrine
Biosciences,
Inc.
272,250
0
.1
2,719
Novartis
AG,
Reg
277,688
0
.1
3,356
Novo
Nordisk
A/S
-
Class
B
305,568
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
5
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
3,700
Olympus
Corp.
$
48,039
0.0
4,200
Ono
Pharmaceutical
Co.
Ltd.
80,549
0.0
900
Otsuka
Holdings
Co.
Ltd.
31,955
0.0
2,381
Patterson
Cos.,
Inc.
70,573
0.0
122
(1)
Penumbra,
Inc.
29,513
0.0
4,493
Pfizer,
Inc.
149,033
0
.1
1,755
(1)
Progyny,
Inc.
59,705
0.0
411
(1)
Regeneron
Pharmaceuticals,
Inc.
338,237
0
.1
620
Roche
Holding
AG
169,261
0
.1
1,580
Sanofi
169,653
0
.1
829
(1)
Shockwave
Medical,
Inc.
165,054
0
.1
293
Sonova
Holding
AG,
Reg
69,346
0.0
632
(1)(3)
Swedish
Orphan
Biovitrum
AB
12,913
0.0
3,200
Takeda
Pharmaceutical
Co.
Ltd.
99,189
0.0
213
(1)
Tenet
Healthcare
Corp.
14,035
0.0
300
Terumo
Corp.
7,941
0.0
770
Thermo
Fisher
Scientific,
Inc.
389,751
0
.1
272
(1)
United
Therapeutics
Corp.
61,437
0.0
1,388
UnitedHealth
Group,
Inc.
699,816
0
.3
486
(1)
Veeva
Systems,
Inc.
-
Class
A
98,877
0.0
1,289
(1)
Vertex
Pharmaceuticals,
Inc.
448,237
0
.2
12,925,280
4
.5
Industrials
:
4
.2
%
2,406
ABB
Ltd.,
Reg
85,878
0.0
243
ACS
Actividades
de
Construccion
y
Servicios
SA
8,736
0.0
1,565
Acuity
Brands,
Inc.
266,535
0
.1
692
Advanced
Drainage
Systems,
Inc.
78,770
0.0
4,460
AECOM
370,358
0
.1
648
(2)
Aena
SME
SA
97,509
0.0
519
(1)
AerCap
Holdings
NV
32,526
0.0
800
AGC,
Inc.
28,038
0.0
251
AGCO
Corp.
29,688
0.0
426
Allegion
PLC
44,389
0.0
18,056
(1)
American
Airlines
Group,
Inc.
231,297
0
.1
2,171
AMETEK,
Inc.
320,787
0
.1
26
AP
Moller
-
Maersk
A/S
-
Class
B
46,771
0.0
26,930
Aurizon
Holdings
Ltd.
60,213
0.0
765
Automatic
Data
Processing,
Inc.
184,044
0
.1
1,063
(1)
Avis
Budget
Group,
Inc.
191,010
0
.1
6,551
BAE
Systems
PLC
79,607
0.0
4,065
Brambles
Ltd.
37,343
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
613
Brenntag
SE
$
47,432
0.0
1,920
(1)
Builders
FirstSource,
Inc.
239,021
0
.1
611
Bunzl
PLC
21,760
0.0
164
Carlisle
Cos.,
Inc.
42,519
0.0
1,653
Carrier
Global
Corp.
91,246
0.0
3,500
Central
Japan
Railway
Co.
85,113
0.0
106
(1)
Chart
Industries,
Inc.
17,927
0.0
2,342
Cie
de
Saint-Gobain
140,170
0
.1
1,008
Cintas
Corp.
484,858
0
.2
3,500
CK
Hutchison
Holdings
Ltd.
18,582
0.0
3,304
(1)
Clarivate
PLC
22,170
0.0
640
(1)
Clean
Harbors,
Inc.
107,110
0
.1
5,717
CNH
Industrial
NV
69,402
0.0
6,211
(1)
Copart,
Inc.
267,632
0
.1
11,045
(1)
Core
&
Main,
Inc.
-
Class
A
318,648
0
.1
3,966
(1)
CoStar
Group,
Inc.
304,946
0
.1
59
Curtiss-Wright
Corp.
11,542
0.0
1,424
DCC
PLC
79,730
0.0
1,933
Donaldson
Co.,
Inc.
115,284
0
.1
253
Dover
Corp.
35,296
0.0
15,596
Dun
&
Bradstreet
Holdings,
Inc.
155,804
0
.1
40
EMCOR
Group,
Inc.
8,416
0.0
1,911
Emerson
Electric
Co.
184,545
0
.1
709
EnerSys
67,121
0.0
607
Experian
PLC
19,854
0.0
192
Exponent,
Inc.
16,435
0.0
389
Flowserve
Corp.
15,471
0.0
309
(1)
Fluor
Corp.
11,340
0.0
7,447
Fortive
Corp.
552,270
0
.2
2,234
Fortune
Brands
Innovations,
Inc.
138,865
0
.1
77
(1)
FTI
Consulting,
Inc.
13,738
0.0
1,100
Fuji
Electric
Co.
Ltd.
49,539
0.0
1,905
GEA
Group
AG
70,208
0.0
1,995
General
Electric
Co.
220,547
0
.1
7,988
Genpact
Ltd.
289,166
0
.1
6,187
Getlink
SE
98,633
0.0
2,969
Graco,
Inc.
216,381
0
.1
1,069
(1)
GXO
Logistics,
Inc.
62,697
0.0
1,963
(1)
Hertz
Global
Holdings,
Inc.
24,047
0.0
200
Hitachi
Ltd.
12,396
0.0
267
Hubbell,
Inc.
83,680
0.0
537
Ingersoll
Rand,
Inc.
34,218
0.0
600
(3)
Japan
Airlines
Co.
Ltd.
11,657
0.0
1,200
Jardine
Matheson
Holdings
Ltd.
55,980
0.0
1,993
Johnson
Controls
International
PLC
106,048
0
.1
25,000
Keppel
Corp.
Ltd.
124,146
0
.1
776
Legrand
SA
71,304
0.0
999
Leidos
Holdings,
Inc.
92,068
0.0
32
Lennox
International,
Inc.
11,982
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
6
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
156
Lincoln
Electric
Holdings,
Inc.
$
28,359
0.0
2,200
(3)
Lixil
Corp.
25,568
0.0
120
ManpowerGroup,
Inc.
8,798
0.0
102
(1)
MasTec,
Inc.
7,341
0.0
3,171
Metso
Oyj
33,254
0.0
2,235
MSC
Industrial
Direct
Co.,
Inc.
-
Class
A
219,365
0
.1
1,600
NGK
Insulators
Ltd.
21,206
0.0
1,994
nVent
Electric
PLC
105,662
0.0
3,331
Otis
Worldwide
Corp.
267,513
0
.1
1,635
Owens
Corning
223,030
0
.1
1,333
Parker-Hannifin
Corp.
519,230
0
.2
1,615
Pentair
PLC
104,571
0.0
21,000
Persol
Holdings
Co.
Ltd.
34,109
0.0
299
Prysmian
SpA
12,001
0.0
2,217
Reece
Ltd.
26,390
0.0
622
Regal
Rexnord
Corp.
88,871
0.0
420
RELX
PLC
14,171
0.0
588
Rockwell
Automation,
Inc.
168,092
0
.1
1,547
Rollins,
Inc.
57,749
0.0
244
Ryder
System,
Inc.
26,096
0.0
395
(1)
Saia,
Inc.
157,467
0
.1
1,265
Schneider
National,
Inc.
-
Class
B
35,028
0.0
1,800
Secom
Co.
Ltd.
122,113
0
.1
1,970
Sensata
Technologies
Holding
PLC
74,505
0.0
1,529
Siemens
AG,
Reg
218,507
0
.1
8,400
Singapore
Airlines
Ltd.
39,625
0.0
10,000
SITC
International
Holdings
Co.
Ltd.
16,778
0.0
4,151
SKF
AB
-
Class
B
68,913
0.0
4,800
Smiths
Group
PLC
94,503
0.0
4,984
SS&C
Technologies
Holdings,
Inc.
261,859
0
.1
1,000
Sumitomo
Corp.
19,958
0.0
2,133
Terex
Corp.
122,903
0
.1
1,544
Timken
Co.
113,469
0
.1
125
Toro
Co.
10,387
0.0
500
Toyota
Industries
Corp.
39,358
0.0
1,700
Toyota
Tsusho
Corp.
99,987
0.0
207
TransUnion
14,861
0.0
2,467
Transurban
Group
20,046
0.0
1,376
(1)
U-Haul
Holding
Co.
75,088
0.0
213
United
Rentals,
Inc.
94,693
0.0
6,102
Volvo
AB
-
Class
B
125,687
0
.1
311
(3)
Watsco,
Inc.
117,471
0
.1
782
Watts
Water
Technologies,
Inc.
-
Class
A
135,145
0
.1
525
WESCO
International,
Inc.
75,505
0.0
276
(1)
WillScot
Mobile
Mini
Holdings
Corp.
11,479
0.0
1,068
Wolters
Kluwer
NV
129,309
0
.1
829
Woodward,
Inc.
103,012
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Industrials:
(continued)
295
WW
Grainger,
Inc.
$
204,093
0
.1
12,125,568
4
.2
Information
Technology
:
8
.5
%
1,077
Accenture
PLC
-
Class
A
330,757
0
.1
2,666
(1)
ACI
Worldwide,
Inc.
60,145
0.0
1,546
(1)
Adobe,
Inc.
788,305
0
.3
1,749
(1)
Advanced
Micro
Devices,
Inc.
179,832
0
.1
400
Advantest
Corp.
11,157
0.0
3,148
(1)
Akamai
Technologies,
Inc.
335,388
0
.1
1,646
(1)
Allegro
MicroSystems,
Inc.
52,573
0.0
26,173
Apple,
Inc.
4,481,079
1
.6
3,836
Applied
Materials,
Inc.
531,094
0
.2
136
(1)
Arrow
Electronics,
Inc.
17,033
0.0
488
ASML
Holding
NV
287,310
0
.1
864
(1)
Autodesk,
Inc.
178,770
0
.1
4,008
Avnet,
Inc.
193,146
0
.1
300
Azbil
Corp.
9,165
0.0
505
BE
Semiconductor
Industries
NV
49,392
0.0
299
Broadcom,
Inc.
248,343
0
.1
837
(1)
Cadence
Design
Systems,
Inc.
196,109
0
.1
2,420
(1)
Calix,
Inc.
110,933
0
.1
598
Capgemini
SE
104,347
0.0
665
(1)
Check
Point
Software
Technologies
Ltd.
88,631
0.0
450
(1)
Cirrus
Logic,
Inc.
33,282
0.0
15,981
Cisco
Systems,
Inc.
859,139
0
.3
1,537
Cognex
Corp.
65,230
0.0
995
(1)
Coherent
Corp.
32,477
0.0
688
Concentrix
Corp.
55,116
0.0
216
(1)
CyberArk
Software
Ltd.
35,374
0.0
100
Disco
Corp.
18,476
0.0
1,207
(1)
DocuSign,
Inc.
50,694
0.0
3,780
(1)
Dropbox,
Inc.
-
Class
A
102,929
0.0
1,746
(1)
Dynatrace,
Inc.
81,591
0.0
1,473
(1)
ExlService
Holdings,
Inc.
41,303
0.0
1,900
(1)
F5,
Inc.
306,166
0
.1
2,343
(1)
GoDaddy,
Inc.
-
Class
A
174,507
0
.1
2,728
Halma
PLC
64,274
0.0
300
Hirose
Electric
Co.
Ltd.
34,702
0.0
286
(1)
HubSpot,
Inc.
140,855
0
.1
3,137
Infineon
Technologies
AG
103,900
0.0
794
Intuit,
Inc.
405,686
0
.2
1,443
Jabil,
Inc.
183,102
0
.1
200
Keyence
Corp.
73,965
0.0
2,410
(1)
Keysight
Technologies,
Inc.
318,867
0
.1
885
KLA
Corp.
405,914
0
.2
567
(1)
Kyndryl
Holdings,
Inc.
8,562
0.0
386
Lam
Research
Corp.
241,933
0
.1
1,712
(1)
Lattice
Semiconductor
Corp.
147,112
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
7
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Information
Technology:
(continued)
574
(1)
Manhattan
Associates,
Inc.
$
113,457
0
.1
557
Mastercard,
Inc.
-
Class
A
220,522
0
.1
13,251
Microsoft
Corp.
4,184,003
1
.5
194
(1)
Monday.com
Ltd.
30,889
0.0
534
Monolithic
Power
Systems,
Inc.
246,708
0
.1
502
National
Instruments
Corp.
29,929
0.0
1,100
NEC
Corp.
60,745
0.0
3,897
NetApp,
Inc.
295,704
0
.1
5,346
NVIDIA
Corp.
2,325,457
0
.8
1,040
(1)
Palo
Alto
Networks,
Inc.
243,818
0
.1
923
Paycom
Software,
Inc.
239,306
0
.1
800
(1)
Paylocity
Holding
Corp.
145,360
0
.1
6,171
(1)
PayPal
Holdings,
Inc.
360,757
0
.1
7,751
(1)
Pure
Storage,
Inc.
-
Class
A
276,091
0
.1
3,126
Qualcomm,
Inc.
347,174
0
.1
1,600
(1)
Renesas
Electronics
Corp.
24,440
0.0
441
(1)
RingCentral,
Inc.
-
Class
A
13,067
0.0
3,600
Rohm
Co.
Ltd.
67,677
0.0
2,368
Sage
Group
PLC
28,496
0.0
3,147
(1)
Salesforce,
Inc.
638,149
0
.2
311
SAP
SE
40,256
0.0
961
(1)
ServiceNow,
Inc.
537,161
0
.2
2,800
Shimadzu
Corp.
74,271
0.0
366
(1)
SolarEdge
Technologies,
Inc.
47,401
0.0
543
(1)
Super
Micro
Computer,
Inc.
148,901
0
.1
1,001
(1)
Synopsys,
Inc.
459,429
0
.2
692
(1)
Teradata
Corp.
31,154
0.0
465
Teradyne,
Inc.
46,714
0.0
1,645
(1)
Trimble,
Inc.
88,600
0.0
664
Universal
Display
Corp.
104,241
0.0
1,193
Visa,
Inc.
-
Class
A
274,402
0
.1
935
WiseTech
Global
Ltd.
38,812
0.0
438
(1)
Wix.com
Ltd.
40,208
0.0
490
(1)
Workday,
Inc.
-
Class
A
105,277
0.0
586
(1)
Xero
Ltd.
42,144
0.0
700
Yokogawa
Electric
Corp.
13,511
0.0
24,222,896
8
.5
Materials
:
1
.4
%
1,788
Alcoa
Corp.
51,959
0.0
471
Anglo
American
PLC
12,934
0.0
923
AptarGroup,
Inc.
115,412
0
.1
3,036
ArcelorMittal
SA
76,009
0.0
423
Arkema
SA
41,640
0.0
614
Ashland,
Inc.
50,152
0.0
5,037
Avient
Corp.
177,907
0
.1
1,730
(1)
Axalta
Coating
Systems
Ltd.
46,537
0.0
2,642
BASF
SE
119,590
0
.1
1,000
Berry
Global
Group,
Inc.
61,910
0.0
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Materials:
(continued)
6,922
BHP
Group
Ltd.
-
Class
DI
$
194,445
0
.1
4,408
BlueScope
Steel
Ltd.
54,586
0.0
2,181
Chemours
Co.
61,177
0.0
2,586
(1)
Cleveland-Cliffs,
Inc.
40,419
0.0
2,338
Commercial
Metals
Co.
115,521
0
.1
1,737
CRH
PLC
95,066
0.0
99
Crown
Holdings,
Inc.
8,759
0.0
8,974
Element
Solutions,
Inc.
175,980
0
.1
1,789
Evonik
Industries
AG
32,632
0.0
33
Givaudan
SA,
Reg
107,442
0.0
204
Greif,
Inc.
-
Class
A
13,629
0.0
983
Heidelberg
Materials
AG
76,134
0.0
1,844
Holcim
AG
118,032
0
.1
842
Linde
PLC
313,519
0
.1
1,800
Nitto
Denko
Corp.
118,036
0
.1
2,959
PPG
Industries,
Inc.
384,078
0
.1
687
Reliance
Steel
&
Aluminum
Co.
180,152
0
.1
1,416
Rio
Tinto
Ltd.
102,133
0.0
174
Royal
Gold,
Inc.
18,501
0.0
1,838
RPM
International,
Inc.
174,261
0
.1
1,361
Sherwin-Williams
Co.
347,123
0
.1
136
Sika
AG,
Reg
34,457
0.0
88
Solvay
SA
9,725
0.0
873
Sonoco
Products
Co.
47,448
0.0
16,984
South32
Ltd.
-
Class
DI
36,672
0.0
1,947
Steel
Dynamics,
Inc.
208,757
0
.1
5,700
Sumitomo
Chemical
Co.
Ltd.
15,504
0.0
149
Symrise
AG
14,185
0.0
574
United
States
Steel
Corp.
18,644
0.0
325
Wacker
Chemie
AG
46,410
0.0
270
Worthington
Industries,
Inc.
16,691
0.0
721
Yara
International
ASA
27,225
0.0
3,961,393
1
.4
Real
Estate
:
1
.0
%
1,157
Agree
Realty
Corp.
63,913
0.0
4,934
Brixmor
Property
Group,
Inc.
102,528
0
.1
125
(1)
CBRE
Group,
Inc.
-
Class
A
9,232
0.0
3,199
CubeSmart
121,978
0
.1
3,700
Daiwa
House
Industry
Co.
Ltd.
99,306
0.0
12,408
Dexus
57,840
0.0
1,394
EastGroup
Properties,
Inc.
232,143
0
.1
157
Equity
LifeStyle
Properties,
Inc.
10,002
0.0
2,460
First
Industrial
Realty
Trust,
Inc.
117,071
0
.1
346
Gaming
and
Leisure
Properties,
Inc.
15,760
0.0
654
Gecina
SA
66,681
0.0
4,473
GPT
Group
11,139
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
8
Voya
Balanced
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate:
(continued)
47,000
Hang
Lung
Properties
Ltd.
$
64,303
0.0
2,539
Highwoods
Properties,
Inc.
52,329
0.0
645
(1)
Jones
Lang
LaSalle,
Inc.
91,061
0.0
7,446
Kilroy
Realty
Corp.
235,368
0
.1
1,310
Lamar
Advertising
Co.
-
Class
A
109,346
0
.1
8,154
National
Retail
Properties,
Inc.
288,162
0
.1
4,693
Prologis,
Inc.
526,602
0
.2
185
Rexford
Industrial
Realty,
Inc.
9,130
0.0
37,965
Scentre
Group
59,657
0.0
2,485
Spirit
Realty
Capital,
Inc.
83,322
0.0
29,400
Swire
Properties
Ltd.
61,144
0.0
12,515
VICI
Properties,
Inc.
364,186
0
.1
2,852,203
1
.0
Utilities
:
1
.1
%
395
Acciona
SA
50,305
0.0
832
ALLETE,
Inc.
43,930
0.0
6,395
American
Electric
Power
Co.,
Inc.
481,032
0
.2
1,082
Black
Hills
Corp.
54,738
0.0
27,491
Centrica
PLC
51,708
0.0
6,400
Chubu
Electric
Power
Co.,
Inc.
81,471
0.0
1,682
DTE
Energy
Co.
166,989
0
.1
5,497
Edison
International
347,905
0
.1
1,300
Kansai
Electric
Power
Co.,
Inc.
17,998
0.0
2,666
National
Fuel
Gas
Co.
138,392
0
.1
682
NorthWestern
Corp.
32,777
0.0
671
OGE
Energy
Corp.
22,364
0.0
1,405
ONE
Gas,
Inc.
95,933
0.0
6,100
Osaka
Gas
Co.
Ltd.
100,375
0.0
10,845
(1)
PG&E
Corp.
174,930
0
.1
1,725
Pinnacle
West
Capital
Corp.
127,098
0
.1
21,000
Power
Assets
Holdings
Ltd.
101,420
0
.1
5,665
Red
Electrica
Corp.
SA
89,118
0.0
9,000
Sembcorp
Industries
Ltd.
33,452
0.0
12,005
Snam
SpA
56,331
0.0
258
Southwest
Gas
Holdings,
Inc.
15,586
0.0
1,598
Terna
-
Rete
Elettrica
Nazionale
12,019
0.0
9,217
UGI
Corp.
211,991
0
.1
189
Verbund
AG
15,376
0.0
998
Vistra
Corp.
33,114
0.0
8,982
Xcel
Energy,
Inc.
513,950
0
.2
3,070,302
1
.1
Total
Common
Stock
(Cost
$93,208,538)
101,772,476
35
.6
Shares
RA
Value
Percentage
of
Net
Assets
EXCHANGE-TRADED
FUNDS
:
6
.0
%
915
iShares
Core
S&P
Mid-
Cap
ETF
$
228,155
0
.1
58,825
iShares
Core
U.S.
Aggregate
Bond
ETF
5,531,903
1
.9
1,322
iShares
MSCI
EAFE
ETF
91,112
0.0
677
SPDR
S&P
500
ETF
Trust
289,404
0
.1
217,863
Vanguard
FTSE
Emerging
Markets
ETF
8,542,408
3
.0
44,509
(3)
Vanguard
Long-Term
Treasury
ETF
2,470,695
0
.9
17,153,677
6
.0
Total
Exchange-Traded
Funds
(Cost
$18,214,548)
17,153,677
6
.0
MUTUAL
FUNDS
:
30
.6
%
Affiliated
Investment
Companies
:
30
.6
%
2,329,209
(4)
Voya
Short
Term
Bond
Fund
-
Class
R6
21,382,139
7
.5
78,678
(1)(4)
Voya
Small
Cap
Growth
Fund
-
Class
R6
2,789,128
1
.0
422,627
(4)
Voya
Small
Company
Fund
-
Class
R6
5,625,167
2
.0
3,320,970
(4)
Voya
U.S.
Stock
Index
Portfolio
-
Class
I
53,700,084
18
.8
389,829
(4)
Voya
VACS
Series
HYB
Fund
3,851,512
1
.3
87,348,030
30
.6
Total
Mutual
Funds
(Cost
$88,382,183)
87,348,030
30
.6
PREFERRED
STOCK
:
0.0
%
Consumer
Discretionary
:
0.0
%
665
Porsche
Automobil
Holding
SE
32,711
0.0
Total
Preferred
Stock
(Cost
$34,198)
32,711
0.0
Principal
Amount
†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES
:
7
.8
%
Basic
Materials
:
0
.1
%
10,000
(2)
Anglo
American
Capital
PLC,
3.625%,
09/11/2024
9,757
0.0
40,000
(3)
BHP
Billiton
Finance
USA
Ltd.,
4.900%,
02/28/2033
38,035
0.0
34,000
BHP
Billiton
Finance
USA
Ltd.,
5.250%,
09/08/2030
33,231
0.0
37,000
BHP
Billiton
Finance
USA
Ltd.,
5.250%,
09/08/2033
35,737
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
9
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Basic
Materials:
(continued)
10,000
BHP
Billiton
Finance
USA
Ltd.,
5.500%,
09/08/2053
$
9,580
0.0
15,000
FMC
Corp.,
5.150%,
05/18/2026
14,579
0.0
6,000
Nutrien
Ltd.,
5.800%,
03/27/2053
5,525
0.0
4,000
Nutrien
Ltd.,
5.875%,
12/01/2036
3,802
0.0
9,000
(3)
Rio
Tinto
Finance
USA
PLC,
5.000%,
03/09/2033
8,649
0.0
42,000
Rio
Tinto
Finance
USA
PLC,
5.125%,
03/09/2053
38,339
0
.1
21,000
Steel
Dynamics,
Inc.,
1.650%,
10/15/2027
17,848
0.0
15,000
Steel
Dynamics,
Inc.,
2.400%,
06/15/2025
14,100
0.0
229,182
0
.1
Communications
:
0
.7
%
35,000
Amazon.com,
Inc.,
2.100%,
05/12/2031
28,086
0.0
115,000
Amazon.com,
Inc.,
2.875%,
05/12/2041
81,327
0
.1
22,000
Amazon.com,
Inc.,
3.150%,
08/22/2027
20,476
0.0
16,000
Amazon.com,
Inc.,
4.100%,
04/13/2062
12,193
0.0
15,000
Amazon.com,
Inc.,
4.550%,
12/01/2027
14,697
0.0
120,000
AT&T,
Inc.,
3.500%,
06/01/2041
83,429
0
.1
26,000
AT&T,
Inc.,
3.500%,
09/15/2053
16,078
0.0
2,000
AT&T,
Inc.,
3.550%,
09/15/2055
1,225
0.0
90,000
AT&T,
Inc.,
3.650%,
09/15/2059
54,818
0.0
18,000
AT&T,
Inc.,
3.800%,
12/01/2057
11,414
0.0
4,000
AT&T,
Inc.,
4.500%,
05/15/2035
3,414
0.0
37,000
AT&T,
Inc.,
4.900%,
08/15/2037
32,082
0.0
14,000
(3)
AT&T,
Inc.,
5.400%,
02/15/2034
13,109
0.0
71,000
Bell
Telephone
Co.
of
Canada
or
Bell
Canada,
5.100%,
05/11/2033
66,420
0.0
21,000
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital,
2.250%,
01/15/2029
17,136
0.0
44,000
(3)
Comcast
Corp.,
1.950%,
01/15/2031
34,419
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Communications:
(continued)
35,000
Comcast
Corp.,
2.650%,
02/01/2030
$
29,581
0.0
87,000
Comcast
Corp.,
3.900%,
03/01/2038
71,133
0.0
78,000
Comcast
Corp.,
3.950%,
10/15/2025
75,698
0.0
20,000
Comcast
Corp.,
5.350%,
11/15/2027
19,999
0.0
95,000
Comcast
Corp.,
5.500%,
05/15/2064
86,539
0
.1
5,000
Corning,
Inc.,
5.450%,
11/15/2079
4,206
0.0
73,000
Fox
Corp.,
3.500%,
04/08/2030
63,383
0.0
9,000
Interpublic
Group
of
Cos.,
Inc.,
4.200%,
04/15/2024
8,899
0.0
26,000
(3)
Meta
Platforms,
Inc.,
3.500%,
08/15/2027
24,533
0.0
77,000
Meta
Platforms,
Inc.,
4.450%,
08/15/2052
61,004
0.0
8,000
Meta
Platforms,
Inc.,
4.650%,
08/15/2062
6,373
0.0
76,000
Meta
Platforms,
Inc.,
5.750%,
05/15/2063
71,725
0.0
200,000
(2)
NBN
Co.
Ltd.,
1.625%,
01/08/2027
176,525
0
.1
21,000
(3)
Paramount
Global,
4.200%,
05/19/2032
16,704
0.0
29,000
Paramount
Global,
4.375%,
03/15/2043
18,775
0.0
44,000
Paramount
Global,
4.950%,
01/15/2031
37,801
0.0
42,000
(3)
Paramount
Global,
4.950%,
05/19/2050
28,477
0.0
5,000
Paramount
Global,
5.250%,
04/01/2044
3,498
0.0
33,000
Paramount
Global,
5.850%,
09/01/2043
25,692
0.0
55,000
Sprint
Capital
Corp.,
6.875%,
11/15/2028
56,835
0.0
85,000
Sprint
Capital
Corp.,
8.750%,
03/15/2032
98,407
0
.1
28,000
Time
Warner
Cable
LLC,
5.500%,
09/01/2041
21,921
0.0
25,000
Time
Warner
Cable
LLC,
5.875%,
11/15/2040
20,731
0.0
143,000
T-Mobile
USA,
Inc.,
2.050%,
02/15/2028
123,032
0
.1
20,000
T-Mobile
USA,
Inc.,
2.625%,
02/15/2029
16,963
0.0
17,000
T-Mobile
USA,
Inc.,
3.500%,
04/15/2031
14,391
0.0
284,000
T-Mobile
USA,
Inc.,
3.875%,
04/15/2030
251,723
0
.1
2,000
T-Mobile
USA,
Inc.,
4.500%,
04/15/2050
1,535
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
10
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Communications:
(continued)
48,000
T-Mobile
USA,
Inc.,
5.050%,
07/15/2033
$
44,552
0.0
41,000
T-Mobile
USA,
Inc.,
5.800%,
09/15/2062
37,447
0.0
41,000
T-Mobile
USA,
Inc.,
6.000%,
06/15/2054
39,109
0.0
4,000
Verizon
Communications,
Inc.,
2.550%,
03/21/2031
3,187
0.0
5,000
Verizon
Communications,
Inc.,
4.400%,
11/01/2034
4,339
0.0
80,000
Verizon
Communications,
Inc.,
4.812%,
03/15/2039
69,004
0.0
18,000
Vodafone
Group
PLC,
5.750%,
02/10/2063
15,803
0.0
2,139,847
0
.7
Consumer,
Cyclical
:
0
.3
%
3,224
American
Airlines
Pass
Through
Trust
2015-2,
AA,
3.600%,
03/22/2029
2,975
0.0
2,001
American
Airlines
Pass
Through
Trust
2016-1,
AA,
3.575%,
07/15/2029
1,838
0.0
56,892
American
Airlines
Pass
Through
Trust
2017-2,
AA,
3.350%,
04/15/2031
50,772
0.0
12,152
American
Airlines
Pass
Through
Trust
2019-1,
AA,
3.150%,
08/15/2033
10,437
0.0
44,000
American
Honda
Finance
Corp.,
4.700%,
01/12/2028
42,782
0.0
32,000
American
Honda
Finance
Corp.,
GMTN,
5.125%,
07/07/2028
31,521
0.0
30,000
(2)
BMW
US
Capital
LLC,
5.150%,
08/11/2033
28,580
0.0
9,476
Delta
Air
Lines
Pass
Through
Trust
20-1,
A,
2.500%,
12/10/2029
8,322
0.0
3,268
(2)
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.,
4.750%,
10/20/2028
3,107
0.0
17,000
General
Motors
Co.,
6.125%,
10/01/2025
16,989
0.0
25,000
General
Motors
Financial
Co.,
Inc.,
3.950%,
04/13/2024
24,669
0.0
25,000
General
Motors
Financial
Co.,
Inc.,
4.350%,
01/17/2027
23,542
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Cyclical:
(continued)
22,000
General
Motors
Financial
Co.,
Inc.,
5.850%,
04/06/2030
$
21,087
0.0
33,000
(2)
Hyundai
Capital
America,
5.680%,
06/26/2028
32,283
0.0
19,000
Lowe's
Cos.,
Inc.,
4.450%,
04/01/2062
13,888
0.0
23,000
Lowe's
Cos.,
Inc.,
5.750%,
07/01/2053
21,476
0.0
17,000
Lowe's
Cos.,
Inc.,
5.850%,
04/01/2063
15,665
0.0
21,000
McDonald's
Corp.,
5.450%,
08/14/2053
19,773
0.0
33,750
(2)
Mileage
Plus
Holdings
LLC
/
Mileage
Plus
Intellectual
Property
Assets
Ltd.,
6.500%,
06/20/2027
33,473
0.0
22,000
Target
Corp.,
4.800%,
01/15/2053
18,838
0.0
16,000
Toyota
Motor
Credit
Corp.,
MTN,
1.900%,
01/13/2027
14,354
0.0
53,000
Toyota
Motor
Credit
Corp.,
MTN,
4.550%,
09/20/2027
51,582
0
.1
40,287
United
Airlines
Pass
Through
Trust
20-1,
A,
5.875%,
04/15/2029
39,991
0.0
7,093
United
Airlines
Pass
Through
Trust
2016-2,
A,
3.100%,
04/07/2030
6,104
0.0
48,230
United
Airlines
Pass
Through
Trust
2016-2,
AA,
2.875%,
04/07/2030
42,586
0.0
8,355
United
Airlines
Pass
Through
Trust
2018-1,
AA,
3.500%,
09/01/2031
7,423
0.0
49,607
US
Airways
Pass
Through
Trust
2012-1,
A,
5.900%,
04/01/2026
49,660
0.0
55,000
Walmart,
Inc.,
4.000%,
04/15/2030
51,698
0
.1
96,000
Warnermedia
Holdings,
Inc.,
3.755%,
03/15/2027
88,671
0
.1
36,000
Warnermedia
Holdings,
Inc.,
5.050%,
03/15/2042
27,862
0.0
66,000
Warnermedia
Holdings,
Inc.,
5.141%,
03/15/2052
49,080
0.0
10,000
Warnermedia
Holdings,
Inc.,
5.391%,
03/15/2062
7,393
0.0
858,421
0
.3
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
11
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical
:
1
.2
%
28,000
AbbVie,
Inc.,
2.600%,
11/21/2024
$
27,003
0.0
23,000
AbbVie,
Inc.,
4.050%,
11/21/2039
18,828
0.0
54,000
AbbVie,
Inc.,
4.300%,
05/14/2036
47,415
0.0
53,000
AbbVie,
Inc.,
4.500%,
05/14/2035
47,919
0.0
7,000
AbbVie,
Inc.,
4.550%,
03/15/2035
6,370
0.0
9,000
AbbVie,
Inc.,
4.625%,
10/01/2042
7,588
0.0
16,000
Aetna,
Inc.,
6.625%,
06/15/2036
16,535
0.0
31,000
Amgen,
Inc.,
2.770%,
09/01/2053
17,305
0.0
27,000
Amgen,
Inc.,
4.400%,
02/22/2062
20,028
0.0
41,000
Amgen,
Inc.,
5.250%,
03/02/2033
39,212
0.0
100,000
Amgen,
Inc.,
5.600%,
03/02/2043
93,030
0
.1
33,000
Amgen,
Inc.,
5.650%,
03/02/2053
30,909
0.0
35,000
Amgen,
Inc.,
5.750%,
03/02/2063
32,317
0.0
43,000
Anheuser-Busch
Cos.
LLC
/
Anheuser-Busch
InBev
Worldwide,
Inc.,
4.900%,
02/01/2046
37,503
0.0
15,000
Anheuser-Busch
InBev
Worldwide,
Inc.,
5.450%,
01/23/2039
14,508
0.0
17,000
BAT
Capital
Corp.,
3.734%,
09/25/2040
11,414
0.0
13,000
BAT
Capital
Corp.,
4.390%,
08/15/2037
9,958
0.0
28,000
BAT
Capital
Corp.,
6.421%,
08/02/2033
27,238
0.0
30,000
BAT
Capital
Corp.,
7.079%,
08/02/2043
28,800
0.0
42,000
BAT
Capital
Corp.,
7.081%,
08/02/2053
39,715
0.0
48,000
Becton
Dickinson
&
Co.,
4.693%,
02/13/2028
46,557
0.0
13,000
Bristol-Myers
Squibb
Co.,
4.125%,
06/15/2039
10,850
0.0
25,000
(2)
Cargill,
Inc.,
1.700%,
02/02/2031
19,322
0.0
25,000
(2)
Cargill,
Inc.,
2.125%,
04/23/2030
20,480
0.0
42,000
(2)
Cargill,
Inc.,
2.125%,
11/10/2031
32,736
0.0
20,000
Centene
Corp.,
2.625%,
08/01/2031
15,343
0.0
266,000
Centene
Corp.,
3.000%,
10/15/2030
214,881
0
.1
150,000
Cigna
Group,
4.375%,
10/15/2028
141,974
0
.1
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical:
(continued)
29,000
(2)
CSL
Finance
PLC,
4.750%,
04/27/2052
$
24,571
0.0
17,000
(2)
CSL
Finance
PLC,
4.950%,
04/27/2062
14,148
0.0
30,000
CVS
Health
Corp.,
2.700%,
08/21/2040
18,935
0.0
5,000
CVS
Health
Corp.,
3.875%,
07/20/2025
4,833
0.0
7,000
CVS
Health
Corp.,
4.125%,
04/01/2040
5,445
0.0
5,000
CVS
Health
Corp.,
4.780%,
03/25/2038
4,308
0.0
43,000
CVS
Health
Corp.,
5.050%,
03/25/2048
35,759
0.0
8,000
CVS
Health
Corp.,
5.300%,
06/01/2033
7,582
0.0
24,000
CVS
Health
Corp.,
6.000%,
06/01/2063
22,063
0.0
20,000
Elevance
Health,
Inc.,
4.900%,
02/08/2026
19,624
0.0
25,000
(2)
ERAC
USA
Finance
LLC,
5.400%,
05/01/2053
23,121
0.0
21,000
(3)
Estee
Lauder
Cos.,
Inc.,
4.650%,
05/15/2033
19,600
0.0
26,000
Gilead
Sciences,
Inc.,
5.550%,
10/15/2053
25,017
0.0
69,000
Global
Payments,
Inc.,
1.200%,
03/01/2026
61,572
0
.1
18,000
Global
Payments,
Inc.,
5.950%,
08/15/2052
16,165
0.0
16,000
HCA,
Inc.,
2.375%,
07/15/2031
12,257
0.0
27,000
HCA,
Inc.,
3.125%,
03/15/2027
24,542
0.0
15,000
HCA,
Inc.,
3.500%,
09/01/2030
12,696
0.0
52,000
HCA,
Inc.,
4.125%,
06/15/2029
47,099
0.0
38,000
HCA,
Inc.,
4.375%,
03/15/2042
29,108
0.0
200,000
HCA,
Inc.,
4.500%,
02/15/2027
191,003
0
.1
22,000
HCA,
Inc.,
5.250%,
04/15/2025
21,736
0.0
18,000
(2)
Health
Care
Service
Corp.
A
Mutual
Legal
Reserve
Co.,
1.500%,
06/01/2025
16,667
0.0
40,000
(2)
JBS
USA
LUX
SA
/
JBS
USA
Food
Co.
/
JBS
Luxembourg
Sarl,
6.750%,
03/15/2034
38,956
0.0
20,000
(2)
JBS
USA
LUX
SA
/
JBS
USA
Food
Co.
/
JBS
Luxembourg
Sarl,
7.250%,
11/15/2053
19,354
0.0
28,000
Johnson
&
Johnson,
3.625%,
03/03/2037
23,619
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
12
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical:
(continued)
56,000
(2)
Kenvue,
Inc.,
4.900%,
03/22/2033
$
53,551
0.0
23,000
(2)
Kenvue,
Inc.,
5.050%,
03/22/2028
22,710
0.0
19,000
(2)
Kenvue,
Inc.,
5.100%,
03/22/2043
17,557
0.0
40,000
(2)
Kenvue,
Inc.,
5.200%,
03/22/2063
36,125
0.0
75,000
(2)
Mars,
Inc.,
2.375%,
07/16/2040
47,506
0.0
30,000
(2)
Mars,
Inc.,
3.875%,
04/01/2039
23,870
0.0
36,000
McKesson
Corp.,
5.250%,
02/15/2026
35,609
0.0
47,000
Medtronic
Global
Holdings
SCA,
4.500%,
03/30/2033
43,811
0.0
13,000
Merck
&
Co.,
Inc.,
4.500%,
05/17/2033
12,172
0.0
82,000
Merck
&
Co.,
Inc.,
4.900%,
05/17/2044
74,878
0
.1
29,000
Merck
&
Co.,
Inc.,
5.000%,
05/17/2053
26,397
0.0
34,000
Merck
&
Co.,
Inc.,
5.150%,
05/17/2063
31,036
0.0
200,000
(2)
Minerva
Luxembourg
SA,
8.875%,
09/13/2033
198,700
0
.1
24,000
Molson
Coors
Beverage
Co.,
4.200%,
07/15/2046
18,072
0.0
44,000
(3)
PayPal
Holdings,
Inc.,
2.300%,
06/01/2030
35,993
0.0
88,000
PayPal
Holdings,
Inc.,
5.250%,
06/01/2062
78,202
0
.1
26,000
Pfizer
Investment
Enterprises
Pte
Ltd.,
4.650%,
05/19/2030
24,923
0.0
102,000
Pfizer
Investment
Enterprises
Pte
Ltd.,
4.750%,
05/19/2033
96,459
0
.1
7,000
Pfizer
Investment
Enterprises
Pte
Ltd.,
5.110%,
05/19/2043
6,433
0.0
44,000
Pfizer
Investment
Enterprises
Pte
Ltd.,
5.300%,
05/19/2053
40,915
0.0
97,000
Pfizer
Investment
Enterprises
Pte
Ltd.,
5.340%,
05/19/2063
88,689
0
.1
57,000
Philip
Morris
International,
Inc.,
5.375%,
02/15/2033
54,066
0.0
32,000
Reynolds
American,
Inc.,
5.850%,
08/15/2045
26,541
0.0
11,000
Royalty
Pharma
PLC,
1.200%,
09/02/2025
10,002
0.0
14,000
(3)
Royalty
Pharma
PLC,
1.750%,
09/02/2027
11,953
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Consumer,
Non-cyclical:
(continued)
45,000
Royalty
Pharma
PLC,
3.300%,
09/02/2040
$
29,498
0.0
36,000
Royalty
Pharma
PLC,
3.350%,
09/02/2051
20,866
0.0
17,000
S&P
Global,
Inc.,
1.250%,
08/15/2030
12,991
0.0
54,000
S&P
Global,
Inc.,
2.700%,
03/01/2029
47,252
0.0
38,000
S&P
Global,
Inc.,
2.900%,
03/01/2032
31,300
0.0
17,000
(2)
S&P
Global,
Inc.,
5.250%,
09/15/2033
16,580
0.0
52,000
Thermo
Fisher
Scientific,
Inc.,
4.977%,
08/10/2030
50,631
0.0
39,000
Thermo
Fisher
Scientific,
Inc.,
5.086%,
08/10/2033
37,725
0.0
21,000
(3)
Thermo
Fisher
Scientific,
Inc.,
5.404%,
08/10/2043
20,083
0.0
120,000
(2)
Triton
Container
International
Ltd.,
2.050%,
04/15/2026
107,231
0
.1
16,000
(2)
Triton
Container
International
Ltd.,
3.150%,
06/15/2031
12,111
0.0
15,000
UnitedHealth
Group,
Inc.,
2.750%,
05/15/2040
10,204
0.0
4,000
UnitedHealth
Group,
Inc.,
3.050%,
05/15/2041
2,824
0.0
19,000
UnitedHealth
Group,
Inc.,
3.500%,
08/15/2039
14,651
0.0
19,000
UnitedHealth
Group,
Inc.,
3.750%,
10/15/2047
14,001
0.0
24,000
UnitedHealth
Group,
Inc.,
4.200%,
05/15/2032
21,913
0.0
20,000
UnitedHealth
Group,
Inc.,
5.050%,
04/15/2053
17,910
0.0
34,000
UnitedHealth
Group,
Inc.,
5.200%,
04/15/2063
30,391
0.0
23,000
UnitedHealth
Group,
Inc.,
5.875%,
02/15/2053
23,112
0.0
70,000
Viatris,
Inc.,
2.700%,
06/22/2030
54,763
0
.1
51,000
Viatris,
Inc.,
3.850%,
06/22/2040
33,246
0.0
3,540,971
1
.2
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
13
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Energy
:
0
.7
%
60,000
BP
Capital
Markets
America,
Inc.,
2.939%,
06/04/2051
$
36,698
0.0
19,000
BP
Capital
Markets
America,
Inc.,
4.893%,
09/11/2033
17,848
0.0
26,000
(5)
BP
Capital
Markets
PLC,
4.875%,
12/31/2199
23,310
0.0
13,000
Cenovus
Energy,
Inc.,
5.400%,
06/15/2047
11,184
0.0
31,000
(2)
Cheniere
Energy
Partners
L.P.,
5.950%,
06/30/2033
29,937
0.0
23,000
ConocoPhillips
Co.,
5.300%,
05/15/2053
21,154
0.0
41,000
ConocoPhillips
Co.,
5.550%,
03/15/2054
38,999
0.0
42,000
ConocoPhillips
Co.,
5.700%,
09/15/2063
40,068
0.0
134,000
Coterra
Energy,
Inc.,
3.900%,
05/15/2027
125,913
0
.1
60,000
Diamondback
Energy,
Inc.,
4.250%,
03/15/2052
42,673
0.0
5,000
Diamondback
Energy,
Inc.,
6.250%,
03/15/2033
5,006
0.0
10,000
Diamondback
Energy,
Inc.,
6.250%,
03/15/2053
9,550
0.0
200,000
EIG
Pearl
Holdings
Sarl,
3.545%,
08/31/2036
162,570
0
.1
200,000
Empresa
Nacional
del
Petroleo,
3.750%,
08/05/2026
186,137
0
.1
34,000
Enbridge,
Inc.,
5.700%,
03/08/2033
32,592
0.0
34,000
(3)(5)
Enbridge,
Inc.,
7.375%,
01/15/2083
32,418
0.0
34,000
(5)
Enbridge,
Inc.,
7.625%,
01/15/2083
32,550
0.0
9,000
(5)
Enbridge,
Inc.,
8.500%,
01/15/2084
8,935
0.0
38,000
(5)
Enbridge,
Inc.
20-A,
5.750%,
07/15/2080
33,137
0.0
9,000
Energy
Transfer
L.P.,
4.250%,
04/01/2024
8,920
0.0
3,000
Energy
Transfer
L.P.,
4.900%,
03/15/2035
2,643
0.0
43,000
Energy
Transfer
L.P.,
5.300%,
04/01/2044
35,049
0.0
136,000
Energy
Transfer
L.P.,
5.300%,
04/15/2047
110,652
0
.1
29,000
Energy
Transfer
L.P.,
5.750%,
02/15/2033
27,908
0.0
4,000
Energy
Transfer
L.P.,
6.000%,
06/15/2048
3,556
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Energy:
(continued)
55,000
Energy
Transfer
L.P.
20Y,
5.800%,
06/15/2038
$
50,312
0.0
25,000
Enterprise
Products
Operating
LLC,
3.750%,
02/15/2025
24,293
0.0
26,000
(5)
Enterprise
Products
Operating
LLC
D,
8.619%,
(TSFR3M
+
3.248%),
08/16/2077
25,728
0.0
9,000
Kinder
Morgan
Energy
Partners
L.P.,
5.000%,
08/15/2042
7,286
0.0
17,000
Kinder
Morgan
Energy
Partners
L.P.,
5.000%,
03/01/2043
13,776
0.0
20,000
Kinder
Morgan,
Inc.,
4.800%,
02/01/2033
18,044
0.0
23,000
Marathon
Petroleum
Corp.,
5.125%,
12/15/2026
22,644
0.0
3,000
Marathon
Petroleum
Corp.,
6.500%,
03/01/2041
2,971
0.0
10,000
MPLX
L.P.,
1.750%,
03/01/2026
9,071
0.0
55,000
MPLX
L.P.,
4.000%,
03/15/2028
50,910
0
.1
16,000
(2)
Northern
Natural
Gas
Co.,
3.400%,
10/16/2051
10,015
0.0
10,000
Occidental
Petroleum
Corp.,
6.125%,
01/01/2031
9,866
0.0
10,000
Occidental
Petroleum
Corp.,
6.600%,
03/15/2046
9,838
0.0
16,000
Occidental
Petroleum
Corp.,
7.500%,
05/01/2031
16,998
0.0
7,000
Occidental
Petroleum
Corp.,
8.500%,
07/15/2027
7,502
0.0
24,000
ONEOK
Partners
L.P.,
6.200%,
09/15/2043
22,376
0.0
10,000
ONEOK,
Inc.,
5.850%,
01/15/2026
10,010
0.0
13,000
Ovintiv,
Inc.,
5.650%,
05/15/2028
12,724
0.0
17,000
Ovintiv,
Inc.,
6.250%,
07/15/2033
16,452
0.0
15,000
Ovintiv,
Inc.,
7.100%,
07/15/2053
14,888
0.0
200,000
(2)
Petroleos
del
Peru
SA,
4.750%,
06/19/2032
141,566
0
.1
235,000
Petroleos
Mexicanos,
6.700%,
02/16/2032
174,899
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
14
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Energy:
(continued)
50,000
Plains
All
American
Pipeline
L.P.
/
PAA
Finance
Corp.,
4.650%,
10/15/2025
$
48,566
0.0
17,000
Sabine
Pass
Liquefaction
LLC,
4.200%,
03/15/2028
15,848
0.0
16,000
Sabine
Pass
Liquefaction
LLC,
5.000%,
03/15/2027
15,530
0.0
26,000
Schlumberger
Investment
SA,
2.650%,
06/26/2030
22,027
0.0
15,000
Targa
Resources
Corp.,
4.950%,
04/15/2052
11,557
0.0
26,000
Targa
Resources
Corp.,
6.250%,
07/01/2052
23,916
0.0
6,000
Targa
Resources
Corp.,
6.500%,
02/15/2053
5,736
0.0
54,000
Targa
Resources
Partners
L.P.
/
Targa
Resources
Partners
Finance
Corp.,
4.875%,
02/01/2031
48,428
0.0
30,000
Williams
Cos.,
Inc.,
4.000%,
09/15/2025
28,922
0.0
15,000
Williams
Cos.,
Inc.,
5.400%,
03/04/2044
12,986
0.0
1,985,092
0
.7
Financial
:
2
.7
%
6,000
Alexandria
Real
Estate
Equities,
Inc.,
3.550%,
03/15/2052
3,817
0.0
5,000
Alexandria
Real
Estate
Equities,
Inc.,
5.150%,
04/15/2053
4,180
0.0
52,000
Alleghany
Corp.,
3.250%,
08/15/2051
33,794
0.0
16,000
(5)
American
Express
Co.,
4.990%,
05/01/2026
15,725
0.0
69,000
(5)
American
Express
Co.,
5.282%,
07/27/2029
67,292
0.0
118,000
American
Homes
4
Rent
L.P.,
2.375%,
07/15/2031
90,100
0
.1
74,000
American
Homes
4
Rent
L.P.,
3.625%,
04/15/2032
61,282
0.0
23,000
American
International
Group,
Inc.,
3.400%,
06/30/2030
19,741
0.0
4,000
American
International
Group,
Inc.,
3.900%,
04/01/2026
3,833
0.0
66,000
American
International
Group,
Inc.,
5.125%,
03/27/2033
61,468
0.0
19,000
American
Tower
Corp.,
5.250%,
07/15/2028
18,366
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
44,000
American
Tower
Corp.,
5.550%,
07/15/2033
$
41,975
0.0
19,000
American
Tower
Corp.,
5.650%,
03/15/2033
18,285
0.0
38,000
Arthur
J
Gallagher
&
Co.,
5.750%,
03/02/2053
34,859
0.0
40,000
Assurant,
Inc.,
3.700%,
02/22/2030
33,691
0.0
19,000
(2)
Aviation
Capital
Group
LLC,
1.950%,
09/20/2026
16,601
0.0
32,000
(2)
Aviation
Capital
Group
LLC,
5.500%,
12/15/2024
31,473
0.0
90,000
(2)
Avolon
Holdings
Funding
Ltd.,
2.528%,
11/18/2027
76,042
0.0
200,000
Banco
Santander
SA,
2.746%,
05/28/2025
188,409
0
.1
79,000
(5)
Bank
of
America
Corp.,
0.976%,
04/22/2025
76,553
0.0
35,000
(5)
Bank
of
America
Corp.,
2.299%,
07/21/2032
26,538
0.0
28,000
(5)
Bank
of
America
Corp.,
2.482%,
09/21/2036
20,394
0.0
42,000
(5)
Bank
of
America
Corp.,
2.572%,
10/20/2032
32,294
0.0
135,000
(5)
Bank
of
America
Corp.,
2.687%,
04/22/2032
106,164
0
.1
96,000
(5)
Bank
of
America
Corp.,
3.419%,
12/20/2028
86,151
0
.1
70,000
(5)
Bank
of
America
Corp.,
3.846%,
03/08/2037
56,988
0.0
35,000
(5)
Bank
of
America
Corp.,
5.202%,
04/25/2029
33,731
0.0
85,000
(5)
Bank
of
America
Corp.,
5.288%,
04/25/2034
79,141
0.0
377,000
(5)
Bank
of
America
Corp.,
5.872%,
09/15/2034
367,086
0
.1
90,000
(5)
Bank
of
America
Corp.,
GMTN,
3.593%,
07/21/2028
82,233
0.0
63,000
(5)
Bank
of
America
Corp.,
MTN,
1.530%,
12/06/2025
59,507
0.0
20,000
(5)
Bank
of
America
Corp.,
MTN,
1.843%,
02/04/2025
19,674
0.0
40,000
(5)
Bank
of
America
Corp.,
MTN,
2.087%,
06/14/2029
33,500
0.0
22,000
(5)
Bank
of
America
Corp.,
MTN,
2.676%,
06/19/2041
14,101
0.0
69,000
(5)
Bank
of
America
Corp.,
MTN,
4.271%,
07/23/2029
63,618
0.0
30,000
(5)
Bank
of
America
Corp.
N,
2.651%,
03/11/2032
23,625
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
15
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
129,000
(5)
Bank
of
America
Corp.
RR,
4.375%,
12/31/2199
$
108,431
0
.1
103,000
(5)
Bank
of
Nova
Scotia,
4.588%,
05/04/2037
85,917
0
.1
26,000
BlackRock,
Inc.,
4.750%,
05/25/2033
24,421
0.0
15,000
(2)
Blackstone
Holdings
Finance
Co.
LLC,
1.625%,
08/05/2028
12,379
0.0
64,000
(2)
Blackstone
Holdings
Finance
Co.
LLC,
2.000%,
01/30/2032
46,728
0.0
6,000
(2)
Blackstone
Holdings
Finance
Co.
LLC,
2.500%,
01/10/2030
4,871
0.0
33,000
Blue
Owl
Credit
Income
Corp.,
7.750%,
09/16/2027
32,760
0.0
206,000
(2)
BPCE
SA,
5.700%,
10/22/2023
205,807
0
.1
37,000
Canadian
Imperial
Bank
of
Commerce,
6.092%,
10/03/2033
36,774
0.0
29,000
(5)
Capital
One
Financial
Corp.,
1.878%,
11/02/2027
25,251
0.0
61,000
(5)
Capital
One
Financial
Corp.,
3.273%,
03/01/2030
51,062
0.0
32,000
(5)
Capital
One
Financial
Corp.,
6.377%,
06/08/2034
30,225
0.0
23,000
(3)
CBRE
Services,
Inc.,
5.950%,
08/15/2034
21,722
0.0
41,000
(5)
Charles
Schwab
Corp.,
5.643%,
05/19/2029
40,176
0.0
141,000
(5)
Charles
Schwab
Corp.,
6.136%,
08/24/2034
137,236
0
.1
20,000
(5)
Charles
Schwab
Corp.
H,
4.000%,
12/31/2199
14,136
0.0
19,000
CI
Financial
Corp.,
4.100%,
06/15/2051
11,014
0.0
49,000
Citizens
Financial
Group,
Inc.,
2.500%,
02/06/2030
38,099
0.0
77,000
(5)
Citizens
Financial
Group,
Inc.,
5.641%,
05/21/2037
64,539
0.0
101,000
Corebridge
Financial,
Inc.,
3.900%,
04/05/2032
85,100
0
.1
32,000
(2)
Corebridge
Financial,
Inc.,
6.050%,
09/15/2033
31,131
0.0
64,000
(5)
Corebridge
Financial,
Inc.,
6.875%,
12/15/2052
61,454
0.0
13,000
Crown
Castle,
Inc.,
4.800%,
09/01/2028
12,351
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
30,000
CubeSmart
L.P.,
2.250%,
12/15/2028
$
25,118
0.0
28,000
Discover
Financial
Services,
6.700%,
11/29/2032
27,087
0.0
18,000
Extra
Space
Storage
L.P.,
4.000%,
06/15/2029
16,158
0.0
85,000
(3)(5)
Fifth
Third
Bancorp,
6.339%,
07/27/2029
84,014
0.0
7,000
Hartford
Financial
Services
Group,
Inc.,
5.950%,
10/15/2036
6,889
0.0
74,000
(2)(5)
Hartford
Financial
Services
Group,
Inc.
ICON,
7.751%,
(TSFR3M
+
2.387%),
02/12/2067
63,001
0.0
44,000
Healthpeak
OP
LLC,
5.250%,
12/15/2032
40,969
0.0
400,000
(5)
HSBC
Holdings
PLC,
2.099%,
06/04/2026
372,945
0
.2
25,000
(5)
Huntington
Bancshares,
Inc.,
2.487%,
08/15/2036
17,638
0.0
30,000
(5)
Huntington
Bancshares,
Inc.,
6.208%,
08/21/2029
29,364
0.0
42,000
(2)
Intact
Financial
Corp.,
5.459%,
09/22/2032
39,849
0.0
57,000
Intercontinental
Exchange,
Inc.,
2.100%,
06/15/2030
45,702
0.0
24,000
Intercontinental
Exchange,
Inc.,
2.650%,
09/15/2040
15,655
0.0
22,000
Invitation
Homes
Operating
Parternship
L.P.,
5.450%,
08/15/2030
20,969
0.0
11,000
Invitation
Homes
Operating
Parternship
L.P.,
5.500%,
08/15/2033
10,279
0.0
70,000
Invitation
Homes
Operating
Partnership
L.P.,
2.300%,
11/15/2028
58,621
0.0
23,000
(5)
JPMorgan
Chase
&
Co.,
0.969%,
06/23/2025
22,079
0.0
137,000
(5)
JPMorgan
Chase
&
Co.,
1.040%,
02/04/2027
121,961
0
.1
32,000
(5)
JPMorgan
Chase
&
Co.,
1.470%,
09/22/2027
28,045
0.0
49,000
(5)
JPMorgan
Chase
&
Co.,
2.069%,
06/01/2029
41,315
0.0
33,000
(5)
JPMorgan
Chase
&
Co.,
2.182%,
06/01/2028
28,930
0.0
57,000
(5)
JPMorgan
Chase
&
Co.,
2.947%,
02/24/2028
51,735
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
16
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
22,000
(5)
JPMorgan
Chase
&
Co.,
3.509%,
01/23/2029
$
19,967
0.0
21,000
KeyCorp,
MTN,
2.550%,
10/01/2029
16,396
0.0
82,000
(5)
KeyCorp,
MTN,
4.789%,
06/01/2033
68,400
0.0
11,000
Kite
Realty
Group
L.P.,
4.000%,
10/01/2026
10,028
0.0
18,000
(2)
Liberty
Mutual
Group,
Inc.,
3.950%,
05/15/2060
11,324
0.0
43,000
Marsh
&
McLennan
Cos.,
Inc.,
5.400%,
09/15/2033
41,892
0.0
55,000
Marsh
&
McLennan
Cos.,
Inc.,
5.700%,
09/15/2053
53,202
0.0
103,000
(5)
Morgan
Stanley,
1.593%,
05/04/2027
91,701
0
.1
234,000
(5)
Morgan
Stanley,
2.188%,
04/28/2026
219,907
0
.1
18,000
(5)
Morgan
Stanley,
2.475%,
01/21/2028
16,056
0.0
18,000
(5)
Morgan
Stanley,
3.591%,
07/22/2028
16,432
0.0
40,000
(5)
Morgan
Stanley,
4.457%,
04/22/2039
33,438
0.0
67,000
(5)
Morgan
Stanley,
5.297%,
04/20/2037
59,738
0.0
177,000
(5)
Morgan
Stanley,
5.948%,
01/19/2038
165,567
0
.1
15,000
(5)
Morgan
Stanley,
6.296%,
10/18/2028
15,120
0.0
43,000
(5)
Morgan
Stanley,
6.342%,
10/18/2033
43,268
0.0
35,000
(5)
Morgan
Stanley,
GMTN,
0.791%,
01/22/2025
34,327
0.0
54,000
(5)
Morgan
Stanley,
GMTN,
1.512%,
07/20/2027
47,731
0.0
112,000
Morgan
Stanley,
GMTN,
3.875%,
01/27/2026
107,117
0
.1
23,000
(5)
Morgan
Stanley,
MTN,
2.720%,
07/22/2025
22,327
0.0
32,000
(5)
Morgan
Stanley,
MTN,
2.802%,
01/25/2052
18,658
0.0
68,000
Morgan
Stanley,
MTN,
3.125%,
07/27/2026
63,189
0.0
46,000
(5)
Morgan
Stanley,
MTN,
5.164%,
04/20/2029
44,274
0.0
150,000
(5)
Morgan
Stanley,
MTN,
5.250%,
04/21/2034
139,366
0
.1
131,000
(5)
Morgan
Stanley,
MTN,
5.424%,
07/21/2034
123,628
0
.1
27,000
(5)
Northern
Trust
Corp.,
3.375%,
05/08/2032
23,848
0.0
32,000
Northern
Trust
Corp.,
6.125%,
11/02/2032
31,618
0.0
43,000
(2)
Northwestern
Mutual
Global
Funding,
1.700%,
06/01/2028
36,388
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
150,000
ORIX
Corp.,
3.250%,
12/04/2024
$
144,989
0
.1
121,000
(5)
PartnerRe
Finance
B
LLC,
4.500%,
10/01/2050
102,803
0
.1
15,000
Piedmont
Operating
Partnership
L.P.,
2.750%,
04/01/2032
9,785
0.0
25,000
(5)
PNC
Financial
Services
Group,
Inc.
U,
6.000%,
12/31/2199
21,985
0.0
121,000
(5)
PNC
Financial
Services
Group,
Inc.
W,
6.250%,
12/31/2199
104,025
0
.1
8,000
Realty
Income
Corp.,
3.950%,
08/15/2027
7,508
0.0
117,000
Rexford
Industrial
Realty
L.P.,
2.150%,
09/01/2031
87,331
0
.1
17,000
Sabra
Health
Care
L.P.,
3.200%,
12/01/2031
12,738
0.0
49,000
Sixth
Street
Specialty
Lending,
Inc.,
6.950%,
08/14/2028
48,507
0.0
25,000
(5)
Truist
Financial
Corp.,
6.321%,
(TSFR3M
+
0.912%),
03/15/2028
22,777
0.0
11,000
(5)
Truist
Financial
Corp.,
MTN,
1.267%,
03/02/2027
9,751
0.0
31,000
(5)
Truist
Financial
Corp.,
MTN,
4.916%,
07/28/2033
26,320
0.0
302,000
(5)
Truist
Financial
Corp.,
MTN,
5.867%,
06/08/2034
284,462
0
.1
32,000
(5)
Truist
Financial
Corp.
N,
4.800%,
12/31/2199
27,511
0.0
47,000
(5)
Truist
Financial
Corp.
Q,
5.100%,
12/31/2199
40,418
0.0
250,000
(2)(5)
UBS
Group
AG,
2.193%,
06/05/2026
232,610
0
.1
83,000
(5)
US
Bancorp,
MTN,
4.967%,
07/22/2033
72,302
0.0
7,000
Ventas
Realty
L.P.,
5.700%,
09/30/2043
6,042
0.0
14,000
(5)
Wells
Fargo
&
Co.,
3.068%,
04/30/2041
9,414
0.0
176,000
(5)
Wells
Fargo
&
Co.,
5.389%,
04/24/2034
164,611
0
.1
18,000
(5)
Wells
Fargo
&
Co.,
MTN,
2.164%,
02/11/2026
16,998
0.0
36,000
(5)
Wells
Fargo
&
Co.,
MTN,
2.393%,
06/02/2028
31,583
0.0
20,000
(5)
Wells
Fargo
&
Co.,
MTN,
3.526%,
03/24/2028
18,378
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
17
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Financial:
(continued)
21,000
(5)
Wells
Fargo
&
Co.,
MTN,
4.540%,
08/15/2026
$
20,401
0.0
177,000
(5)
Wells
Fargo
&
Co.,
MTN,
5.557%,
07/25/2034
167,695
0
.1
15,000
Weyerhaeuser
Co.,
4.750%,
05/15/2026
14,646
0.0
19,000
Willis
North
America,
Inc.,
5.050%,
09/15/2048
15,267
0.0
7,647,902
2
.7
Industrial
:
0
.4
%
26,000
(2)
AP
Moller
-
Maersk
A/S,
5.875%,
09/14/2033
25,279
0.0
31,000
Avnet,
Inc.,
5.500%,
06/01/2032
28,542
0.0
29,000
Avnet,
Inc.,
6.250%,
03/15/2028
28,943
0.0
40,000
Berry
Global,
Inc.,
1.650%,
01/15/2027
34,424
0.0
22,000
Boeing
Co.,
3.250%,
02/01/2028
19,855
0.0
36,000
Boeing
Co.,
3.250%,
02/01/2035
27,706
0.0
5,000
Boeing
Co.,
3.625%,
02/01/2031
4,322
0.0
5,000
Boeing
Co.,
3.850%,
11/01/2048
3,421
0.0
35,000
Boeing
Co.,
4.875%,
05/01/2025
34,404
0.0
34,000
Boeing
Co.,
5.150%,
05/01/2030
32,498
0.0
43,000
Boeing
Co.,
5.805%,
05/01/2050
38,974
0.0
31,000
Boeing
Co.,
5.930%,
05/01/2060
27,874
0.0
59,000
Burlington
Northern
Santa
Fe
LLC,
3.900%,
08/01/2046
44,425
0.0
40,000
Burlington
Northern
Santa
Fe
LLC,
5.200%,
04/15/2054
36,702
0.0
50,000
CNH
Industrial
Capital
LLC,
5.500%,
01/12/2029
49,166
0
.1
14,000
FedEx
Corp.,
4.550%,
04/01/2046
11,095
0.0
23,000
Fortune
Brands
Innovations,
Inc.,
5.875%,
06/01/2033
22,171
0.0
18,000
GE
Capital
Funding
LLC,
4.400%,
05/15/2030
15,983
0.0
52,000
HEICO
Corp.,
5.250%,
08/01/2028
50,766
0
.1
82,000
John
Deere
Capital
Corp.,
MTN,
4.700%,
06/10/2030
78,893
0
.1
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Industrial:
(continued)
40,000
(3)
John
Deere
Capital
Corp.,
MTN,
4.750%,
01/20/2028
$
39,295
0.0
37,000
Lennox
International,
Inc.,
5.500%,
09/15/2028
36,331
0.0
16,000
Lockheed
Martin
Corp.,
4.750%,
02/15/2034
15,155
0.0
31,000
Lockheed
Martin
Corp.,
5.200%,
02/15/2055
28,843
0.0
16,000
Lockheed
Martin
Corp.,
5.900%,
11/15/2063
16,332
0.0
20,000
(3)
Mohawk
Industries,
Inc.,
5.850%,
09/18/2028
19,862
0.0
17,000
Nordson
Corp.,
5.600%,
09/15/2028
16,848
0.0
17,000
Nordson
Corp.,
5.800%,
09/15/2033
16,619
0.0
21,000
Norfolk
Southern
Corp.,
5.050%,
08/01/2030
20,248
0.0
20,000
Norfolk
Southern
Corp.,
5.350%,
08/01/2054
18,291
0.0
35,000
Otis
Worldwide
Corp.,
5.250%,
08/16/2028
34,428
0.0
24,000
(2)
Penske
Truck
Leasing
Co.
L.P.
/
PTL
Finance
Corp.,
1.200%,
11/15/2025
21,601
0.0
40,000
(2)
Penske
Truck
Leasing
Co.
L.P.
/
PTL
Finance
Corp.,
1.700%,
06/15/2026
35,485
0.0
70,000
(2)
Penske
Truck
Leasing
Co.
L.P.
/
PTL
Finance
Corp.,
6.200%,
06/15/2030
69,039
0
.1
34,000
Raytheon
Technologies
Corp.,
4.450%,
11/16/2038
28,647
0.0
51,000
Raytheon
Technologies
Corp.,
4.500%,
06/01/2042
41,780
0.0
24,000
Raytheon
Technologies
Corp.,
5.150%,
02/27/2033
22,739
0.0
37,000
Ryder
System,
Inc.,
MTN,
5.250%,
06/01/2028
36,042
0.0
30,000
(2)
Sealed
Air
Corp.,
1.573%,
10/15/2026
26,133
0.0
22,000
Union
Pacific
Corp.,
3.799%,
10/01/2051
16,245
0.0
24,000
Union
Pacific
Corp.,
3.839%,
03/20/2060
16,872
0.0
13,000
(2)
Veralto
Corp.,
5.450%,
09/18/2033
12,583
0.0
21,000
Waste
Management,
Inc.,
4.625%,
02/15/2030
20,071
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
18
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Industrial:
(continued)
49,000
Waste
Management,
Inc.,
4.875%,
02/15/2034
$
46,401
0.0
1,271,333
0
.4
Technology
:
0
.5
%
45,000
Activision
Blizzard,
Inc.,
2.500%,
09/15/2050
26,830
0.0
58,000
(3)
Advanced
Micro
Devices,
Inc.,
3.924%,
06/01/2032
52,163
0.0
50,000
Advanced
Micro
Devices,
Inc.,
4.393%,
06/01/2052
40,790
0.0
19,000
Apple,
Inc.,
2.850%,
08/05/2061
11,233
0.0
12,000
Apple,
Inc.,
4.100%,
08/08/2062
9,241
0.0
54,000
(2)
Broadcom,
Inc.,
3.187%,
11/15/2036
38,793
0.0
130,000
(2)
Broadcom,
Inc.,
4.926%,
05/15/2037
112,117
0
.1
30,000
Concentrix
Corp.,
6.600%,
08/02/2028
28,968
0.0
66,000
Concentrix
Corp.,
6.850%,
08/02/2033
61,024
0.0
14,000
Dell
International
LLC
/
EMC
Corp.,
6.020%,
06/15/2026
14,057
0.0
20,000
Fiserv,
Inc.,
2.750%,
07/01/2024
19,523
0.0
42,000
Fiserv,
Inc.,
5.625%,
08/21/2033
40,711
0.0
31,000
HP,
Inc.,
2.650%,
06/17/2031
24,240
0.0
75,000
Intel
Corp.,
4.600%,
03/25/2040
65,222
0.0
39,000
Intel
Corp.,
5.125%,
02/10/2030
38,290
0.0
69,000
Intuit,
Inc.,
5.125%,
09/15/2028
68,289
0
.1
58,000
Intuit,
Inc.,
5.200%,
09/15/2033
56,510
0.0
73,000
Intuit,
Inc.,
5.500%,
09/15/2053
70,091
0
.1
32,000
KLA
Corp.,
5.250%,
07/15/2062
28,772
0.0
24,000
Marvell
Technology,
Inc.,
5.750%,
02/15/2029
23,790
0.0
65,000
Microsoft
Corp.,
2.921%,
03/17/2052
42,678
0.0
31,000
NXP
BV
/
NXP
Funding
LLC,
5.350%,
03/01/2026
30,663
0.0
13,000
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA,
Inc.,
3.250%,
11/30/2051
7,876
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Technology:
(continued)
14,000
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA,
Inc.,
3.400%,
05/01/2030
$
12,009
0.0
100,000
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA,
Inc.,
4.300%,
06/18/2029
91,718
0
.1
70,000
Oracle
Corp.,
2.300%,
03/25/2028
60,681
0.0
74,000
Oracle
Corp.,
3.650%,
03/25/2041
52,844
0.0
27,000
Oracle
Corp.,
3.800%,
11/15/2037
20,612
0.0
6,000
Oracle
Corp.,
3.850%,
07/15/2036
4,747
0.0
110,000
Oracle
Corp.,
4.300%,
07/08/2034
94,659
0
.1
34,000
Oracle
Corp.,
6.150%,
11/09/2029
34,532
0.0
62,000
QUALCOMM,
Inc.,
6.000%,
05/20/2053
62,949
0.0
15,000
Texas
Instruments,
Inc.,
4.900%,
03/14/2033
14,517
0.0
34,000
Texas
Instruments,
Inc.,
5.000%,
03/14/2053
30,838
0.0
66,000
Texas
Instruments,
Inc.,
5.050%,
05/18/2063
58,586
0.0
1,450,563
0
.5
Utilities
:
1
.2
%
32,000
(2)
AEP
Texas,
Inc.,
3.850%,
10/01/2025
30,623
0.0
21,000
AES
Corp.,
1.375%,
01/15/2026
18,711
0.0
44,000
AES
Corp.,
2.450%,
01/15/2031
33,876
0.0
10,000
(2)
AES
Corp.,
3.950%,
07/15/2030
8,631
0.0
33,000
AES
Corp.,
5.450%,
06/01/2028
31,881
0.0
26,000
(5)
American
Electric
Power
Co.,
Inc.,
3.875%,
02/15/2062
21,289
0.0
25,000
(2)
American
Transmission
Systems,
Inc.,
2.650%,
01/15/2032
19,786
0.0
28,000
(2)
American
Transmission
Systems,
Inc.,
5.000%,
09/01/2044
23,947
0.0
14,000
Appalachian
Power
Co.
Y,
4.500%,
03/01/2049
10,667
0.0
55,000
Avangrid,
Inc.,
3.200%,
04/15/2025
52,603
0.0
119,000
Avangrid,
Inc.,
3.800%,
06/01/2029
105,865
0
.1
9,000
Black
Hills
Corp.,
3.050%,
10/15/2029
7,618
0.0
40,000
Black
Hills
Corp.,
4.250%,
11/30/2023
39,873
0.0
4,000
Black
Hills
Corp.,
4.350%,
05/01/2033
3,416
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
19
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Utilities:
(continued)
39,000
(2)
Cleveland
Electric
Illuminating
Co.,
3.500%,
04/01/2028
$
35,374
0.0
12,000
(5)
CMS
Energy
Corp.,
3.750%,
12/01/2050
9,043
0.0
68,000
(5)
CMS
Energy
Corp.,
4.750%,
06/01/2050
58,178
0
.1
24,000
Connecticut
Light
and
Power
Co.,
5.250%,
01/15/2053
21,965
0.0
12,000
Consolidated
Edison
Co.
of
New
York,
Inc.
05-A,
5.300%,
03/01/2035
11,268
0.0
13,000
Constellation
Energy
Generation
LLC,
6.500%,
10/01/2053
13,046
0.0
47,000
Consumers
Energy
Co.,
4.900%,
02/15/2029
45,981
0.0
50,000
(3)
Dominion
Energy,
Inc.,
5.375%,
11/15/2032
47,792
0.0
6,000
(5)
Dominion
Energy,
Inc.
C,
4.350%,
12/31/2199
5,210
0.0
10,000
Duke
Energy
Carolinas
LLC,
2.550%,
04/15/2031
8,205
0.0
6,000
Duke
Energy
Carolinas
LLC,
3.750%,
06/01/2045
4,321
0.0
81,000
Duke
Energy
Carolinas
LLC,
4.000%,
09/30/2042
62,233
0
.1
42,000
Duke
Energy
Carolinas
LLC,
5.350%,
01/15/2053
38,486
0.0
4,000
(5)
Duke
Energy
Corp.,
4.875%,
12/31/2199
3,903
0.0
42,000
Duke
Energy
Florida
LLC,
2.400%,
12/15/2031
33,236
0.0
26,000
Duke
Energy
Florida
LLC,
5.950%,
11/15/2052
25,571
0.0
195,000
Duke
Energy
Indiana
LLC,
2.750%,
04/01/2050
112,056
0
.1
22,000
Duke
Energy
Indiana
LLC,
5.400%,
04/01/2053
20,167
0.0
11,000
Duke
Energy
Ohio,
Inc.,
2.125%,
06/01/2030
8,840
0.0
2,000
Duke
Energy
Ohio,
Inc.,
3.700%,
06/15/2046
1,393
0.0
10,000
Duke
Energy
Ohio,
Inc.,
5.650%,
04/01/2053
9,455
0.0
109,000
Duke
Energy
Progress
LLC,
3.700%,
10/15/2046
76,022
0
.1
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Utilities:
(continued)
40,000
Duke
Energy
Progress
LLC,
4.100%,
05/15/2042
$
31,083
0.0
2,000
Duke
Energy
Progress
LLC,
4.200%,
08/15/2045
1,533
0.0
11,000
(2)
Duquesne
Light
Holdings,
Inc.,
2.532%,
10/01/2030
8,564
0.0
78,000
Entergy
Arkansas
LLC,
2.650%,
06/15/2051
43,585
0.0
9,000
Entergy
Arkansas
LLC,
3.350%,
06/15/2052
5,772
0.0
25,000
Entergy
Arkansas
LLC,
4.200%,
04/01/2049
18,751
0.0
16,000
Entergy
Arkansas
LLC,
5.150%,
01/15/2033
15,378
0.0
24,000
Entergy
Corp.,
2.400%,
06/15/2031
18,721
0.0
7,000
Entergy
Corp.,
2.800%,
06/15/2030
5,814
0.0
100,000
Entergy
Louisiana
LLC,
2.900%,
03/15/2051
59,023
0
.1
9,000
Entergy
Louisiana
LLC,
4.200%,
04/01/2050
6,810
0.0
32,000
Entergy
Mississippi
LLC,
5.000%,
09/01/2033
30,112
0.0
33,000
Entergy
Texas,
Inc.,
4.000%,
03/30/2029
30,446
0.0
11,000
Entergy
Texas,
Inc.,
5.800%,
09/01/2053
10,544
0.0
43,000
Evergy
Kansas
Central,
Inc.,
5.700%,
03/15/2053
40,414
0.0
16,000
Evergy
Metro,
Inc.
2020,
2.250%,
06/01/2030
12,928
0.0
57,000
Eversource
Energy,
2.900%,
03/01/2027
52,090
0.0
23,000
Eversource
Energy,
5.125%,
05/15/2033
21,411
0.0
34,000
Eversource
Energy,
5.450%,
03/01/2028
33,631
0.0
25,000
Eversource
Energy
U,
1.400%,
08/15/2026
22,180
0.0
54,000
Exelon
Corp.,
5.150%,
03/15/2028
53,030
0
.1
21,000
Florida
Power
&
Light
Co.,
4.625%,
05/15/2030
20,052
0.0
15,000
Florida
Power
&
Light
Co.,
4.800%,
05/15/2033
14,193
0.0
18,000
Georgia
Power
Co.,
4.650%,
05/16/2028
17,378
0.0
25,000
Georgia
Power
Co.
A,
2.200%,
09/15/2024
24,118
0.0
37,000
Idaho
Power
Co.,
MTN,
5.800%,
04/01/2054
35,519
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
20
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Utilities:
(continued)
56,000
Interstate
Power
and
Light
Co.,
3.250%,
12/01/2024
$
54,276
0
.1
6,000
IPALCO
Enterprises,
Inc.,
4.250%,
05/01/2030
5,267
0.0
8,000
(2)
Jersey
Central
Power
&
Light
Co.,
2.750%,
03/01/2032
6,272
0.0
50,000
(2)
Jersey
Central
Power
&
Light
Co.,
4.300%,
01/15/2026
48,214
0.0
50,000
(2)
Jersey
Central
Power
&
Light
Co.,
4.700%,
04/01/2024
49,550
0.0
17,000
Kentucky
Utilities
Co.
KENT,
5.450%,
04/15/2033
16,630
0.0
17,000
Louisville
Gas
and
Electric
Co.
LOU,
5.450%,
04/15/2033
16,671
0.0
12,000
(2)
Metropolitan
Edison
Co.,
4.000%,
04/15/2025
11,510
0.0
31,000
MidAmerican
Energy
Co.,
5.850%,
09/15/2054
30,597
0.0
30,000
Mississippi
Power
Co.
12-A,
4.250%,
03/15/2042
23,252
0.0
20,000
(2)
Monongahela
Power
Co.,
3.550%,
05/15/2027
18,522
0.0
35,000
(2)
Monongahela
Power
Co.,
5.850%,
02/15/2034
34,391
0.0
13,000
(2)
Narragansett
Electric
Co.,
3.395%,
04/09/2030
11,282
0.0
41,000
National
Rural
Utilities
Cooperative
Finance
Corp.,
2.400%,
03/15/2030
33,671
0.0
31,000
National
Rural
Utilities
Cooperative
Finance
Corp.,
2.750%,
04/15/2032
24,694
0.0
8,000
National
Rural
Utilities
Cooperative
Finance
Corp.,
4.150%,
12/15/2032
7,132
0.0
28,000
National
Rural
Utilities
Cooperative
Finance
Corp.,
5.800%,
01/15/2033
27,990
0.0
17,000
(5)
National
Rural
Utilities
Cooperative
Finance
Corp.,
7.125%,
09/15/2053
17,274
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Utilities:
(continued)
32,000
(5)
National
Rural
Utilities
Cooperative
Finance
Corp.,
8.541%,
(TSFR3M
+
3.172%),
04/30/2043
$
31,514
0.0
13,000
(3)
Nevada
Power
Co.,
6.000%,
03/15/2054
12,711
0.0
93,000
NextEra
Energy
Capital
Holdings,
Inc.,
1.875%,
01/15/2027
82,408
0
.1
45,000
(5)
NextEra
Energy
Capital
Holdings,
Inc.,
3.800%,
03/15/2082
38,318
0.0
38,000
NextEra
Energy
Capital
Holdings,
Inc.,
4.255%,
09/01/2024
37,399
0.0
50,000
NextEra
Energy
Capital
Holdings,
Inc.,
6.051%,
03/01/2025
50,093
0.0
100,000
NiSource,
Inc.,
0.950%,
08/15/2025
91,254
0
.1
16,000
NSTAR
Electric
Co.,
1.950%,
08/15/2031
12,253
0.0
26,000
ONE
Gas,
Inc.,
1.100%,
03/11/2024
25,461
0.0
28,000
Pacific
Gas
and
Electric
Co.,
4.300%,
03/15/2045
18,992
0.0
17,000
Pacific
Gas
and
Electric
Co.,
4.450%,
04/15/2042
12,170
0.0
54,000
PacifiCorp,
5.350%,
12/01/2053
44,944
0.0
35,000
PacifiCorp,
5.500%,
05/15/2054
29,766
0.0
23,000
PECO
Energy
Co.,
4.900%,
06/15/2033
21,903
0.0
27,000
(2)
Pennsylvania
Electric
Co.,
5.150%,
03/30/2026
26,508
0.0
5,000
Public
Service
Co.
of
New
Hampshire,
5.150%,
01/15/2053
4,517
0.0
31,000
Public
Service
Electric
and
Gas
Co.,
5.200%,
08/01/2033
30,309
0.0
24,000
Public
Service
Electric
and
Gas
Co.,
5.450%,
08/01/2053
22,923
0.0
11,000
Public
Service
Enterprise
Group,
Inc.,
1.600%,
08/15/2030
8,450
0.0
59,000
Public
Service
Enterprise
Group,
Inc.,
2.450%,
11/15/2031
45,797
0.0
70,000
Public
Service
Enterprise
Group,
Inc.,
5.850%,
11/15/2027
70,465
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
21
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
CORPORATE
BONDS/NOTES:
(continued)
Utilities:
(continued)
35,000
San
Diego
Gas
&
Electric
Co.,
4.950%,
08/15/2028
$
34,100
0.0
65,000
(5)
Sempra
Energy,
4.125%,
04/01/2052
52,686
0
.1
27,000
Sempra
Energy,
5.500%,
08/01/2033
25,859
0.0
34,000
South
Jersey
Industries,
Inc.,
5.020%,
04/15/2031
25,795
0.0
6,000
Southern
California
Edison
Co.,
4.050%,
03/15/2042
4,508
0.0
38,000
Southern
Co.,
5.113%,
08/01/2027
37,268
0.0
39,000
(5)
Southern
Co.
21-A,
3.750%,
09/15/2051
34,113
0.0
35,000
(5)
Southern
Co.
B,
4.000%,
01/15/2051
32,462
0.0
22,000
Southwestern
Electric
Power
Co.,
5.300%,
04/01/2033
20,793
0.0
36,000
Southwestern
Electric
Power
Co.
N,
1.650%,
03/15/2026
32,638
0.0
14,000
Tampa
Electric
Co.,
4.350%,
05/15/2044
10,950
0.0
30,000
Virginia
Electric
and
Power
Co.,
5.450%,
04/01/2053
27,349
0.0
20,000
Virginia
Electric
and
Power
Co.,
5.700%,
08/15/2053
18,810
0.0
31,000
WEC
Energy
Group,
Inc.,
1.375%,
10/15/2027
26,292
0.0
26,000
WEC
Energy
Group,
Inc.,
2.200%,
12/15/2028
22,061
0.0
10,000
WEC
Energy
Group,
Inc.,
5.000%,
09/27/2025
9,859
0.0
14,000
WEC
Energy
Group,
Inc.,
5.150%,
10/01/2027
13,775
0.0
23,000
Wisconsin
Electric
Power
Co.,
1.700%,
06/15/2028
19,598
0.0
26,000
Wisconsin
Public
Service
Corp.,
3.671%,
12/01/2042
18,225
0.0
3,316,102
1
.2
Total
Corporate
Bonds/
Notes
(Cost
$24,778,914)
22,439,413
7
.8
U.S.
GOVERNMENT
AGENCY
OBLIGATIONS
:
7
.1
%
Federal
Home
Loan
Mortgage
Corporation
:
0
.1
%
(6)
3,423
2.500
%,
05/01/2030
3,121
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
U.S.
GOVERNMENT
AGENCY
OBLIGATIONS:
(continued)
Federal
Home
Loan
Mortgage
Corporation
:
(continued)
4,985
2.500
%,
05/01/2030
$
4,539
0.0
7,010
2.500
%,
06/01/2030
6,384
0.0
11,265
3.000
%,
03/01/2045
9,556
0.0
15,309
3.000
%,
03/01/2045
13,058
0.0
17,399
3.000
%,
04/01/2045
14,763
0.0
26,436
3.500
%,
03/01/2045
23,262
0.0
71,050
4.000
%,
12/01/2041
64,749
0.0
25,329
4.000
%,
12/01/2042
23,246
0.0
2,590
4.000
%,
09/01/2045
2,352
0.0
3,451
4.000
%,
09/01/2045
3,130
0.0
3,488
4.000
%,
09/01/2045
3,189
0.0
4,707
4.000
%,
09/01/2045
4,301
0.0
39,410
4.500
%,
08/01/2041
37,100
0.0
155,243
4.500
%,
09/01/2041
146,952
0
.1
1,773
5.500
%,
07/01/2037
1,775
0.0
1,417
6.500
%,
12/01/2031
1,435
0.0
362,912
0
.1
Federal
National
Mortgage
Association
:
0
.1
%
(6)
319,327
4.500
%,
09/01/2047
309,779
0
.1
Government
National
Mortgage
Association
:
1
.2
%
1,104,663
2.500
%,
05/20/2051
905,251
0
.3
586,636
3.000
%,
11/20/2051
498,118
0
.2
1,764,369
3.500
%,
05/20/2050
1,554,477
0
.6
18,136
4.000
%,
11/20/2040
16,806
0.0
36,509
4.000
%,
03/20/2046
33,465
0.0
308,541
4.000
%,
05/20/2053
278,218
0
.1
34,196
4.500
%,
08/20/2041
32,471
0.0
66,622
4.500
%,
09/15/2047
62,951
0.0
3,381,757
1
.2
Uniform
Mortgage-Backed
Securities
:
5
.7
%
253,666
2.000
%,
05/01/2051
193,548
0
.1
265,626
2.000
%,
10/01/2051
202,929
0
.1
891,897
2.000
%,
02/01/2052
686,507
0
.2
979,676
2.000
%,
03/01/2052
747,084
0
.3
9,773
2.500
%,
05/01/2030
8,915
0.0
13,094
2.500
%,
06/01/2030
11,947
0.0
18,195
2.500
%,
06/01/2030
16,600
0.0
6,889
2.500
%,
07/01/2030
6,285
0.0
1,246,719
2.500
%,
02/01/2051
997,476
0
.4
521,038
2.500
%,
06/01/2051
415,420
0
.1
912,783
2.500
%,
11/01/2051
731,022
0
.3
301,875
2.500
%,
01/01/2052
242,322
0
.1
448,886
2.500
%,
02/01/2052
359,041
0
.1
554,553
2.500
%,
02/01/2052
443,604
0
.2
779,187
2.500
%,
02/01/2052
626,364
0
.2
832,328
2.500
%,
02/01/2052
668,615
0
.2
338,372
2.500
%,
03/01/2052
271,757
0
.1
3,333,000
(7)
2.500
%,
10/01/2053
2,645,954
0
.9
28,716
3.000
%,
09/01/2043
24,572
0.0
142,449
3.000
%,
04/01/2045
120,737
0.0
94,242
3.000
%,
07/01/2046
79,747
0.0
508,282
3.000
%,
04/01/2050
424,313
0
.2
979,395
3.000
%,
02/01/2052
819,845
0
.3
912,667
3.000
%,
04/01/2052
761,590
0
.3
737,340
3.000
%,
05/01/2052
613,215
0
.2
32,451
3.500
%,
10/01/2042
28,786
0.0
284,654
3.500
%,
08/01/2046
250,835
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
22
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
U.S.
GOVERNMENT
AGENCY
OBLIGATIONS:
(continued)
Uniform
Mortgage-Backed
Securities:
(continued)
7,277
4.000
%,
07/01/2042
$
6,668
0.0
69,857
4.000
%,
07/01/2042
64,003
0.0
113,742
4.000
%,
01/01/2045
104,418
0.0
18,067
4.000
%,
06/01/2045
16,480
0.0
40,549
4.000
%,
11/01/2052
36,759
0.0
13,520
4.500
%,
11/01/2040
12,781
0.0
26,808
4.500
%,
10/01/2041
25,340
0.0
166,488
5.000
%,
05/01/2042
163,022
0
.1
797,143
5.000
%,
10/01/2052
753,129
0
.3
44,824
5.500
%,
12/01/2036
44,623
0.0
2,802,000
(7)
5.500
%,
10/01/2053
2,707,980
0
.9
132
7.000
%,
10/01/2029
133
0.0
824
7.000
%,
01/01/2032
818
0.0
16,335,184
5
.7
Total
U.S.
Government
Agency
Obligations
(Cost
$22,577,300)
20,389,632
7
.1
U.S.
TREASURY
OBLIGATIONS
:
4
.1
%
United
States
Treasury
Bonds
:
0
.8
%
1,000
1.250
%,
05/15/2050
472
0.0
22,000
1.375
%,
11/15/2040
13,030
0.0
2,200
1.625
%,
11/15/2050
1,153
0.0
117,400
3.250
%,
05/15/2042
93,578
0.0
194,000
3.625
%,
05/15/2053
160,672
0
.1
2,009,000
(3)
4.375
%,
08/15/2043
1,874,648
0
.7
2,143,553
0
.8
United
States
Treasury
Notes
:
3
.3
%
1,000
(3)
0.125
%,
10/15/2023
998
0.0
260,500
0.500
%,
11/30/2023
258,437
0
.1
137,800
1.250
%,
11/30/2026
123,665
0.0
219,300
1.250
%,
09/30/2028
186,409
0.0
2,000,000
2.125
%,
09/30/2024
1,936,031
0
.7
45,400
2.750
%,
08/15/2032
39,321
0.0
1,727,500
3.875
%,
08/15/2033
1,632,487
0
.6
291,000
4.125
%,
08/31/2030
282,497
0
.1
285,000
4.375
%,
08/31/2028
282,195
0
.1
2,258,000
4.500
%,
09/30/2028
2,259,588
0
.8
1,377,000
4.500
%,
09/30/2030
1,377,645
0
.5
1,119,000
4.625
%,
09/15/2026
1,113,580
0
.4
9,492,853
3
.3
Total
U.S.
Treasury
Obligations
(Cost
$11,869,592)
11,636,406
4
.1
COLLATERALIZED
MORTGAGE
OBLIGATIONS
:
3
.4
%
44,612
(5)
Alternative
Loan
Trust
2004-J7
M1,
4.574%,
(TSFR1M
+
1.134%),
10/25/2034
44,223
0.0
35,873
Alternative
Loan
Trust
2005-65CB
2A4,
5.500%,
12/25/2035
24,929
0.0
69,952
(5)
Alternative
Loan
Trust
2005-J2
1A12,
5.500%,
(TSFR1M
+
0.514%),
04/25/2035
53,635
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
COLLATERALIZED
MORTGAGE
OBLIGATIONS:
(continued)
15,260
Alternative
Loan
Trust
2006-13T1
A9,
6.000%,
05/25/2036
$
7,647
0.0
73,744
(5)
Alternative
Loan
Trust
2006-19CB
A12,
5.834%,
(TSFR1M
+
0.514%),
08/25/2036
35,551
0.0
22,645
(5)
Alternative
Loan
Trust
2007-23CB
A3,
5.934%,
(TSFR1M
+
0.614%),
09/25/2037
9,079
0.0
99,623
(5)
Alternative
Loan
Trust
2007-2CB
2A1,
5.750%,
(TSFR1M
+
0.714%),
03/25/2037
41,904
0.0
600,000
(2)
Arroyo
Mortgage
Trust
2022-1
A3,
3.650%,
12/25/2056
420,699
0
.2
19,902
(5)
Bear
Stearns
ALT-A
Trust
2005-7
21A1,
5.216%,
09/25/2035
16,021
0.0
500,000
(2)(5)
Bellemeade
Re
Ltd.
2022-1
M1C,
9.015%,
(SOFR30A
+
3.700%),
01/26/2032
505,554
0
.2
48,592
(5)
Citigroup
Mortgage
Loan
Trust
2006-
AR2
1A1,
4.442%,
03/25/2036
37,578
0.0
25,507
(5)
Citigroup
Mortgage
Loan
Trust
2007-
10
22AA,
4.510%,
09/25/2037
22,463
0.0
47,862
(2)(5)
Fannie
Mae
Connecticut
Avenue
Securities
2020-R01
1M2,
7.479%,
(SOFR30A
+
2.164%),
01/25/2040
48,058
0.0
100,000
(2)(5)
Fannie
Mae
Connecticut
Avenue
Securities
2020-R02
2B1,
8.429%,
(SOFR30A
+
3.114%),
01/25/2040
100,215
0.0
135,541
Fannie
Mae
REMIC
Trust
2009-19
PW,
4.500%,
10/25/2036
128,711
0
.1
119,787
(5)
Fannie
Mae
REMIC
Trust
2009-50
HZ,
5.540%,
02/25/2049
114,741
0
.1
171,225
Fannie
Mae
REMIC
Trust
2009-96
DB,
4.000%,
11/25/2029
165,429
0
.1
49,591
Fannie
Mae
REMIC
Trust
2011-10
ZC,
5.000%,
02/25/2041
48,324
0.0
231,742
Fannie
Mae
REMIC
Trust
2011-113
CL,
4.000%,
11/25/2041
213,481
0
.1
107,889
Fannie
Mae
REMIC
Trust
2011-30
ZA,
5.000%,
04/25/2041
102,727
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
23
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
COLLATERALIZED
MORTGAGE
OBLIGATIONS:
(continued)
37,493
Fannie
Mae
REMIC
Trust
2011-84
Z,
5.250%,
09/25/2041
$
36,515
0.0
83,615
Fannie
Mae
REMIC
Trust
2011-9
AZ,
5.000%,
05/25/2040
81,453
0.0
357,191
Fannie
Mae
REMIC
Trust
2011-99
CZ,
4.500%,
10/25/2041
339,465
0
.1
49,298
Fannie
Mae
REMIC
Trust
2013-16
GD,
3.000%,
03/25/2033
48,089
0.0
354,419
Fannie
Mae
REMIC
Trust
2018-11
BX,
4.000%,
12/25/2047
318,380
0
.1
37,132
Fannie
Mae
REMIC
Trust
2018-8
AB,
3.500%,
10/25/2047
33,485
0.0
84,847
(2)(5)
Flagstar
Mortgage
Trust
2018-1
B3,
3.941%,
03/25/2048
70,500
0.0
32,634
Freddie
Mac
REMIC
Trust
2114
ZM,
6.000%,
01/15/2029
32,429
0.0
34,103
Freddie
Mac
REMIC
Trust
2541
NE,
5.500%,
12/15/2032
33,804
0.0
8,700
Freddie
Mac
REMIC
Trust
2861
Z,
5.500%,
09/15/2034
8,530
0.0
26,982
Freddie
Mac
REMIC
Trust
2931
ZY,
5.000%,
02/15/2035
26,419
0.0
84,571
Freddie
Mac
REMIC
Trust
3117
ZA,
5.500%,
02/15/2036
82,170
0.0
32,642
Freddie
Mac
REMIC
Trust
3351
ZC,
5.500%,
07/15/2037
32,572
0.0
28,180
(5)(8)
Freddie
Mac
REMIC
Trust
3524
LA,
5.085%,
03/15/2033
26,626
0.0
30,910
Freddie
Mac
REMIC
Trust
3724
CM,
5.500%,
06/15/2037
30,715
0.0
5,176
Freddie
Mac
REMIC
Trust
4000
PA,
4.500%,
01/15/2042
4,972
0.0
1,106,775
Freddie
Mac
REMIC
Trust
4136
ZG,
3.000%,
11/15/2042
946,424
0
.3
211,582
Freddie
Mac
REMIC
Trust
4203
BN,
3.000%,
04/15/2033
193,287
0
.1
594,327
Freddie
Mac
REMIC
Trust
4335
XZ,
4.250%,
05/15/2044
542,633
0
.2
529,559
Freddie
Mac
REMIC
Trust
4335
ZX,
4.250%,
05/15/2044
483,698
0
.2
Principal
Amount���
RA
.
Value
Percentage
of
Net
Assets
COLLATERALIZED
MORTGAGE
OBLIGATIONS:
(continued)
542,185
Freddie
Mac
REMIC
Trust
4372
Z,
3.000%,
08/15/2044
$
464,460
0
.2
122,885
Freddie
Mac
REMIC
Trust
4495
PA,
3.500%,
09/15/2043
116,228
0
.1
281,258
Freddie
Mac
REMIC
Trust
4634
ZM,
5.000%,
11/15/2056
244,337
0
.1
183,777
(2)(5)
Freddie
Mac
STACR
REMIC
Trust
2020-
DNA6
M2,
7.315%,
(SOFR30A
+
2.000%),
12/25/2050
185,302
0
.1
69,792
(2)(5)
Freddie
Mac
STACR
REMIC
Trust
2020-
HQA2
M2,
8.529%,
(SOFR30A
+
3.214%),
03/25/2050
72,033
0.0
167,671
(2)(5)
Freddie
Mac
STACR
REMIC
Trust
2021-
DNA5
M2,
6.965%,
(SOFR30A
+
1.650%),
01/25/2034
167,608
0
.1
600,000
(2)(5)
Freddie
Mac
STACR
REMIC
Trust
2021-
HQA4
B1,
9.065%,
(SOFR30A
+
3.750%),
12/25/2041
597,744
0
.2
27,152
Ginnie
Mae
2009-29
PB,
4.750%,
05/20/2039
26,494
0.0
182,306
Ginnie
Mae
2010-164
JZ,
4.000%,
12/20/2040
171,730
0
.1
5,450
Ginnie
Mae
2011-
169
BC,
7.000%,
05/16/2032
5,495
0.0
221,806
Ginnie
Mae
2013-8
BE,
1.750%,
11/20/2042
185,082
0
.1
1,173,726
Ginnie
Mae
2019-15
CZ,
3.500%,
02/20/2049
918,386
0
.3
16,818
(5)
HomeBanc
Mortgage
Trust
2004-1
2A,
6.294%,
(TSFR1M
+
0.974%),
08/25/2029
16,029
0.0
30,298
(2)(5)
JP
Morgan
Mortgage
Trust
2019-LTV3
A5,
3.500%,
03/25/2050
29,177
0.0
140,763
(2)(5)
JP
Morgan
Mortgage
Trust
2020-5
A15,
3.000%,
12/25/2050
113,931
0
.1
200,000
(2)(5)
Mill
City
Mortgage
Loan
Trust
2017-2
M2,
3.250%,
07/25/2059
181,373
0
.1
7,712
Prime
Mortgage
Trust
2007-1
A4,
5.500%,
03/25/2037
6,332
0.0
300,000
(2)(5)
Triangle
Re
Ltd.
2021-3
M1B,
8.215%,
(SOFR30A
+
2.900%),
02/25/2034
301,332
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
24
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
COLLATERALIZED
MORTGAGE
OBLIGATIONS:
(continued)
33,978
(5)
WaMu
Mortgage
Pass-
Through
Certificates
2005-AR11
A1C3,
6.454%,
(TSFR1M
+
1.134%),
08/25/2045
$
31,732
0.0
14,174
(5)
WaMu
Mortgage
Pass-
Through
Certificates
2006-AR12
2A3,
3.523%,
10/25/2036
12,553
0.0
19,330
(5)
WaMu
Mortgage
Pass-
Through
Certificates
2006-AR8
1A4,
4.435%,
08/25/2046
16,956
0.0
95,429
(5)
WaMu
Mortgage
Pass-
Through
Certificates
2007-HY2
1A1,
3.907%,
12/25/2036
83,698
0.0
49,287
(5)
WaMu
Mortgage
Pass-
Through
Certificates
2007-HY7
2A2,
3.770%,
07/25/2037
40,979
0.0
16,904
(5)
WaMu
Mortgage
Pass-
Through
Certificates
Series
Trust
2005-
AR13
A1C3,
6.414%,
(TSFR1M
+
1.094%),
10/25/2045
15,685
0.0
119,620
(5)
Washington
Mutual
Mortgage
Pass-Through
Certificates
WMALT
2006-AR6
2A,
5.586%,
(12MTA
+
0.960%),
08/25/2046
65,303
0.0
9,790
(5)
Wells
Fargo
Alternative
Loan
Trust
2007-PA2
2A1,
5.864%,
(TSFR1M
+
0.544%),
06/25/2037
7,866
0.0
7,819
(5)
Wells
Fargo
Mortgage
Backed
Securities
Trust
2006-AR4
2A4,
4.770%,
04/25/2036
7,294
0.0
12,612
(5)
Wells
Fargo
Mortgage
Backed
Securities
Trust
2007-AR7
A1,
4.782%,
12/28/2037
10,866
0.0
Total
Collateralized
Mortgage
Obligations
(Cost
$11,059,429)
9,609,140
3
.4
ASSET-BACKED
SECURITIES
:
2
.8
%
Automobile
Asset-Backed
Securities
:
0
.2
%
116,092
Drive
Auto
Receivables
Trust
2021-2
C,
0.870%,
10/15/2027
113,977
0
.1
100,000
(2)
Ford
Credit
Auto
Owner
Trust
2022-1
C,
4.670%,
11/15/2034
94,449
0.0
100,000
(2)
GLS
Auto
Receivables
Issuer
Trust
2021-4A
C,
1.940%,
10/15/2027
95,483
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
ASSET-BACKED
SECURITIES:
(continued)
Automobile
Asset-Backed
Securities:
(continued)
100,000
GM
Financial
Automobile
Leasing
Trust
2022-2
C,
4.330%,
05/20/2026
$
97,820
0
.1
401,729
0
.2
Home
Equity
Asset-Backed
Securities
:
0.0
%
50,198
(5)
Renaissance
Home
Equity
Loan
Trust
2005-3
AF4,
5.140%,
11/25/2035
49,111
0.0
Other
Asset-Backed
Securities
:
2
.4
%
250,000
(2)(5)
AMMC
CLO
16
Ltd.
2015-16A
CR2,
7.523%,
(TSFR3M
+
2.212%),
04/14/2029
250,350
0
.1
22,434
(2)
Aqua
Finance
Trust
2020-AA
A,
1.900%,
07/17/2046
20,753
0.0
300,000
(2)(5)
Arbor
Realty
Commercial
Real
Estate
Notes
Ltd.
2021-FL4
D,
8.347%,
(TSFR1M
+
3.014%),
11/15/2036
286,397
0
.1
400,000
(2)(5)
ARES
XLIV
CLO
Ltd.
2017-44A
A2R,
6.870%,
(TSFR3M
+
1.562%),
04/15/2034
395,601
0
.2
80,833
(2)
Beacon
Container
Finance
II
LLC
2021-1A
A,
2.250%,
10/22/2046
69,063
0.0
250,000
(2)(5)
Benefit
Street
Partners
CLO
IV
Ltd.
2014-
IVA
BRRR,
7.738%,
(TSFR3M
+
2.412%),
01/20/2032
246,677
0
.1
500,000
(2)(5)
BlueMountain
CLO
Ltd.
2014-2A
A2R2,
6.988%,
(TSFR3M
+
1.662%),
10/20/2030
495,728
0
.2
250,000
(2)(5)
BlueMountain
CLO
XXVIII
Ltd.
2021-28A
C,
7.570%,
(TSFR3M
+
2.262%),
04/15/2034
244,932
0
.1
455,000
(2)(5)
BlueMountain
CLO
XXX
Ltd.
2020-30A
CR,
7.458%,
(TSFR3M
+
2.150%),
04/15/2035
433,837
0
.2
98,500
(2)
Bojangles
Issuer
LLC
2020-1A
A2,
3.832%,
10/20/2050
90,339
0.0
250,000
(2)(5)
Carlyle
US
Clo
Ltd.
2017-2A
AJR,
6.988%,
(TSFR3M
+
1.662%),
07/20/2031
247,326
0
.1
16,450
(5)
Chase
Funding
Trust
Series
2003-5
2A2,
6.034%,
(TSFR1M
+
0.714%),
07/25/2033
15,744
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
25
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
ASSET-BACKED
SECURITIES:
(continued)
Other
Asset-Backed
Securities:
(continued)
69,200
(2)
CLI
Funding
VI
LLC
2020-1A
A,
2.080%,
09/18/2045
$
59,874
0.0
85,813
(2)
CLI
Funding
VIII
LLC
2022-1A
A,
2.720%,
01/18/2047
72,833
0.0
95,250
(2)
Domino's
Pizza
Master
Issuer
LLC
2018-
1A
A2II,
4.328%,
07/25/2048
88,678
0.0
193,000
(2)
Domino's
Pizza
Master
Issuer
LLC
2019-1A
A2,
3.668%,
10/25/2049
167,460
0
.1
97,750
(2)
Domino's
Pizza
Master
Issuer
LLC
2021-
1A
A2II,
3.151%,
04/25/2051
78,994
0.0
95,500
(2)
DRIVEN
BRANDS
FUNDING
LLC
2019-
1A
A2,
4.641%,
04/20/2049
90,318
0.0
250,000
(2)(5)
Eaton
Vance
Clo
Ltd.
2015-1A
A2R,
6.838%,
(TSFR3M
+
1.512%),
01/20/2030
245,723
0
.1
98,500
(2)
Five
Guys
Funding
LLC
2017-1A
A2,
4.600%,
07/25/2047
96,942
0
.1
11,224
(2)
HERO
Funding
Trust
2015-2A
A,
3.990%,
09/20/2040
9,985
0.0
217,401
(2)
J.G.
Wentworth
XXXIX
LLC
2017-2A
A,
3.530%,
09/15/2072
174,825
0
.1
63,650
(2)
Loanpal
Solar
Loan
Ltd.
2020-2GF
A,
2.750%,
07/20/2047
48,417
0.0
63,971
(2)
Loanpal
Solar
Loan
Ltd.
2021-1GS
A,
2.290%,
01/20/2048
48,187
0.0
106,976
(2)
Loanpal
Solar
Loan
Ltd.
2021-2GS
A,
2.220%,
03/20/2048
77,357
0.0
250,000
(2)(5)
Madison
Park
Funding
XLVIII
Ltd.
2021-48A
C,
7.582%,
(TSFR3M
+
2.262%),
04/19/2033
246,769
0
.1
31,938
(2)
Mosaic
Solar
Loan
Trust
2018-1A
A,
4.010%,
06/22/2043
28,754
0.0
24,438
(2)
Mosaic
Solar
Loan
Trust
2018-2GS
B,
4.740%,
02/22/2044
21,334
0.0
51,745
(2)
Mosaic
Solar
Loan
Trust
2020-2A
A,
1.440%,
08/20/2046
41,810
0.0
59,126
(2)
Mosaic
Solar
Loan
Trust
2021-1A
B,
2.050%,
12/20/2046
44,803
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
ASSET-BACKED
SECURITIES:
(continued)
Other
Asset-Backed
Securities:
(continued)
250,000
(2)(5)
Octagon
Investment
Partners
32
Ltd.
2017-
1A
A2R,
6.770%,
(TSFR3M
+
1.462%),
07/15/2029
$
247,376
0
.1
250,000
(2)(5)
OHA
Credit
Funding
8
Ltd.
2021-8A
C,
7.472%,
(TSFR3M
+
2.162%),
01/18/2034
248,582
0
.1
150,000
(2)
OneMain
Financial
Issuance
Trust
2023-1A
A,
5.500%,
06/14/2038
146,846
0
.1
33,749
(2)
Pagaya
AI
Debt
Trust
2022-1
A,
2.030%,
10/15/2029
33,049
0.0
250,000
(2)(5)
Palmer
Square
CLO
Ltd.
2021-1A
B,
7.288%,
(TSFR3M
+
1.962%),
04/20/2034
245,753
0
.1
250,000
(2)(5)
Rockland
Park
CLO
Ltd.
2021-1A
C,
7.488%,
(TSFR3M
+
2.162%),
04/20/2034
244,758
0
.1
54,288
(2)
SoFi
Consumer
Loan
Program
Trust
2023-1S
A,
5.810%,
05/15/2031
54,166
0.0
97,907
(2)
Sunnova
Helios
XI
Issuer
LLC
2023-A
A,
5.300%,
05/20/2050
93,750
0.0
185,010
(2)
Sunnova
Sol
II
Issuer
LLC
2020-2A
A,
2.730%,
11/01/2055
145,655
0
.1
87,370
(2)
Sunnova
Sol
III
Issuer
LLC
2021-1
A,
2.580%,
04/28/2056
68,680
0.0
89,139
(2)
Sunnova
Sol
Issuer
LLC
2020-1A
A,
3.350%,
02/01/2055
74,958
0.0
187,500
(2)
Taco
Bell
Funding
LLC
2016-1A
A23,
4.970%,
05/25/2046
181,310
0
.1
95,250
(2)
Taco
Bell
Funding
LLC
2018-1A
A2II,
4.940%,
11/25/2048
89,741
0.0
98,250
(2)
Taco
Bell
Funding
LLC
2021-1A
A23,
2.542%,
08/25/2051
75,014
0.0
83,333
(2)
Textainer
Marine
Containers
Ltd.
2021-3A
A,
1.940%,
08/20/2046
68,416
0.0
78,750
(2)
Triton
Container
Finance
VIII
LLC
2021-1A
A,
1.860%,
03/20/2046
65,890
0.0
14,552
(2)
Upstart
Securitization
Trust
2021-4
A,
0.840%,
09/20/2031
14,404
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
26
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
ASSET-BACKED
SECURITIES:
(continued)
Other
Asset-Backed
Securities:
(continued)
94,250
(2)
Wendy's
Funding
LLC
2018-1A
A2II,
3.884%,
03/15/2048
$
84,689
0.0
97,750
(2)
Wendy's
Funding
LLC
2021-1A
A2II,
2.775%,
06/15/2051
77,051
0.0
196,000
(2)
Zaxby's
Funding
LLC
2021-1A
A2,
3.238%,
07/30/2051
163,407
0
.1
6,863,305
2
.4
Student
Loan
Asset-Backed
Securities
:
0
.2
%
37,601
(2)
Commonbond
Student
Loan
Trust
2018-BGS
B,
3.990%,
09/25/2045
34,759
0.0
23,351
(2)
Commonbond
Student
Loan
Trust-GS
2017-
BGS
A1,
2.680%,
09/25/2042
21,020
0.0
18,449
(2)
Commonbond
Student
Loan
Trust-GS
2018-
AGS
A1,
3.210%,
02/25/2044
16,802
0.0
30,871
(2)
Commonbond
Student
Loan
Trust-GS
2020-
AGS
A,
1.980%,
08/25/2050
26,015
0.0
20,173
(2)
Navient
Private
Education
Refi
Loan
Trust
2019-A
A2A,
3.420%,
01/15/2043
19,408
0.0
114,572
(2)
Navient
Private
Education
Refi
Loan
Trust
2020-BA
A2,
2.120%,
01/15/2069
103,974
0
.1
27,334
(2)
Navient
Private
Education
Refi
Loan
Trust
2020-DA
A,
1.690%,
05/15/2069
24,523
0.0
59,346
(2)
Navient
Private
Education
Refi
Loan
Trust
2021-A
A,
0.840%,
05/15/2069
51,383
0.0
50,973
(2)
Navient
Private
Education
Refi
Loan
Trust
2021-BA
A,
0.940%,
07/15/2069
43,944
0.0
100,000
(2)
SMB
Private
Education
Loan
Trust
2017-A
B,
3.500%,
06/17/2041
91,645
0
.1
53,691
(2)
SMB
Private
Education
Loan
Trust-A
2020-
PTA
A2A,
1.600%,
09/15/2054
47,638
0.0
25,063
(2)
Sofi
Professional
Loan
Program
Trust
2018-
C
A2FX,
3.590%,
01/25/2048
24,082
0.0
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
ASSET-BACKED
SECURITIES:
(continued)
Student
Loan
Asset-Backed
Securities:
(continued)
24,045
(2)
Sofi
Professional
Loan
Program
Trust
2018-
D
A2FX,
3.600%,
02/25/2048
$
23,005
0.0
59,023
(2)
SoFi
Professional
Loan
Program
Trust
2020-C
AFX,
1.950%,
02/15/2046
52,704
0.0
580,902
0
.2
Total
Asset-Backed
Securities
(Cost
$8,444,773)
7,895,047
2
.8
COMMERCIAL
MORTGAGE-BACKED
SECURITIES
:
2
.2
%
500,000
(2)(5)
Arbor
Multifamily
Mortgage
Securities
Trust
2021-MF2
E,
2.000%,
06/15/2054
242,589
0
.1
500,000
(2)(5)
AREIT
Trust
2021-
CRE5
D,
8.095%,
(TSFR1M
+
2.764%),
11/17/2038
465,413
0
.2
3,000,000
(5)(8)
BANK
2017-BNK8
XB,
0.230%,
11/15/2050
20,720
0.0
950,683
(5)(8)
BANK
2019-BN16
XA,
1.102%,
02/15/2052
37,589
0.0
3,567,028
(5)(8)
BANK
2019-BN21
XA,
0.959%,
10/17/2052
136,724
0
.1
2,180,000
(2)(5)(8)
BBCCRE
Trust
2015-
GTP
XA,
0.749%,
08/10/2033
21,547
0.0
952,000
(5)(8)
Benchmark
Mortgage
Trust
2019-B9
XA,
1.183%,
03/15/2052
39,954
0.0
650,000
(9)
Benchmark
Mortgage
Trust
2023-V3
A3,
6.363%,
07/15/2056
657,937
0
.2
111,752
(2)(5)
BX
Commercial
Mortgage
Trust
2021-
21M
E,
7.617%,
(TSFR1M
+
2.285%),
10/15/2036
107,044
0
.1
343,000
(2)(5)
BX
Commercial
Mortgage
Trust
2021-
IRON
E,
7.796%,
(TSFR1M
+
2.464%),
02/15/2038
319,365
0
.1
645,743
(5)(8)
CD
Mortgage
Trust
2017-CD4
XA,
1.379%,
05/10/2050
21,161
0.0
844,695
(5)(8)
Citigroup
Commercial
Mortgage
Trust
2016-
P4
XA,
2.049%,
07/10/2049
32,738
0.0
1,105,561
(5)(8)
Citigroup
Commercial
Mortgage
Trust
2017-
C4
XA,
1.172%,
10/12/2050
34,062
0.0
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
27
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
COMMERCIAL
MORTGAGE-BACKED
SECURITIES:
(continued)
943,419
(5)(8)
Citigroup
Commercial
Mortgage
Trust
2017-
P8
XA,
1.010%,
09/15/2050
$
24,491
0.0
1,163,825
(5)(8)
Citigroup
Commercial
Mortgage
Trust
2018-
C5
XA,
0.827%,
06/10/2051
30,591
0.0
1,099,966
(5)(8)
Citigroup
Commercial
Mortgage
Trust
2019-
GC41
XA,
1.168%,
08/10/2056
43,732
0.0
60,000
Citigroup
Commercial
Mortgage
Trust
2019-
GC43
A4,
3.038%,
11/10/2052
50,347
0.0
177,000
(5)
Comm
Mortgage
Trust
2013-CR13
C,
4.950%,
11/10/2046
158,416
0
.1
149,261
(5)(8)
COMM
Mortgage
Trust
2012-CR4
XA,
1.288%,
10/15/2045
115
0.0
2,380,000
(2)(5)(8)
COMM
Mortgage
Trust
2012-CR4
XB,
0.509%,
10/15/2045
4,536
0.0
1,285,226
(5)(8)
COMM
Mortgage
Trust
2016-CR28
XA,
0.752%,
02/10/2049
15,596
0.0
682,878
(5)(8)
COMM
Mortgage
Trust
2017-COR2
XA,
1.307%,
09/10/2050
23,640
0.0
130,000
(2)(5)
DBWF
Mortgage
Trust
2015-LCM
D,
3.535%,
06/10/2034
102,296
0
.1
475,244
(2)(5)
Extended
Stay
America
Trust
2021-ESH
A,
6.526%,
(TSFR1M
+
1.194%),
07/15/2038
471,670
0
.2
640,013
Freddie
Mac
Multifamily
ML
Certificates
US
XUS,
1.846%,
07/25/2037
82,513
0.0
1,638,805
(5)(8)
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
K122
X1,
0.970%,
11/25/2030
75,269
0.0
782,270
(5)(8)
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
K-1517
X1,
1.436%,
07/25/2035
73,769
0.0
1,279,495
(5)(8)
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
K-1518
X1,
0.955%,
10/25/2035
86,444
0
.1
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
COMMERCIAL
MORTGAGE-BACKED
SECURITIES:
(continued)
848,000
(8)
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates
KL06
XFX,
1.467%,
12/25/2029
$
51,294
0.0
300,000
(2)(10)
GAM
Re-REMIC
Trust
2021-FRR1
2B,
0.000%,
11/29/2050
204,159
0
.1
100,000
(2)(5)
GS
Mortgage
Securities
Corp.
Trust
2018-RIVR
F,
7.730%,
(TSFR1M
+
2.397%),
07/15/2035
15,249
0.0
949,210
(5)(8)
GS
Mortgage
Securities
Trust
2014-GC22
XA,
1.087%,
06/10/2047
2,401
0.0
1,325,336
(5)(8)
GS
Mortgage
Securities
Trust
2016-GS4
XA,
0.689%,
11/10/2049
17,944
0.0
818,269
(5)(8)
GS
Mortgage
Securities
Trust
2017-GS6
XA,
1.156%,
05/10/2050
23,737
0.0
1,211,109
(5)(8)
GS
Mortgage
Securities
Trust
2019-GC38
XA,
1.109%,
02/10/2052
52,963
0.0
2,044,717
(5)(8)
GS
Mortgage
Securities
Trust
2019-GC42
XA,
0.927%,
09/10/2052
69,428
0.0
90,000
GS
Mortgage
Securities
Trust
2019-GSA1
A4,
3.048%,
11/10/2052
77,071
0.0
1,297,002
(5)(8)
GS
Mortgage
Securities
Trust
2020-GC47
XA,
1.243%,
05/12/2053
71,196
0.0
1,096,359
(5)(8)
JP
Morgan
Chase
Commercial
Mortgage
Securities
Trust
2016-
JP4
XA,
0.710%,
12/15/2049
15,126
0.0
287,706
(5)(8)
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C19
XA,
0.714%,
04/15/2047
63
0.0
1,409,800
(5)(8)
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2014
C19
2014-C19
XA,
1.099%,
12/15/2047
8,363
0.0
62,000
Morgan
Stanley
Capital
I
Trust
2019-H6
A4,
3.417%,
06/15/2052
54,227
0.0
3,325,631
(5)(8)
Morgan
Stanley
Capital
I
Trust
2019-L3
XA,
0.755%,
11/15/2052
99,902
0
.1
1,004,474
(8)
Morgan
Stanley
Capital
I
Trust
2021-L5
XA,
1.415%,
05/15/2054
62,723
0.0
650,000
(2)(5)
PFP
Ltd.
2023-10
A,
7.696%,
(TSFR1M
+
2.365%),
09/16/2038
651,443
0
.2
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
28
Voya
Balanced
Portfolio
Principal
Amount†
RA
.
Value
Percentage
of
Net
Assets
COMMERCIAL
MORTGAGE-BACKED
SECURITIES:
(continued)
1,844,177
(5)(8)
UBS
Commercial
Mortgage
Trust
2018-
C9
XA,
1.078%,
03/15/2051
$
60,742
0.0
60,000
UBS
Commercial
Mortgage
Trust
2019-
C17
A4,
2.921%,
10/15/2052
50,681
0.0
400,000
Wells
Fargo
Commercial
Mortgage
Trust
2016-LC25
A4,
3.640%,
12/15/2059
370,959
0
.1
400,000
(2)
Wells
Fargo
Commercial
Mortgage
Trust
2018-C45
D,
3.000%,
06/15/2051
251,090
0
.1
1,009,207
(5)(8)
Wells
Fargo
Commercial
Mortgage
Trust
2019-C52
XA,
1.749%,
08/15/2052
63,304
0.0
500,000
(2)(5)
WFRBS
Commercial
Mortgage
Trust
2014-
C23
D,
4.151%,
10/15/2057
316,351
0
.1
500,000
(2)
WSTN
Trust
2023-
MAUI
A,
6.518%,
07/05/2037
488,112
0
.2
Total
Commercial
Mortgage-Backed
Securities
(Cost
$7,380,862)
6,458,796
2
.2
SOVEREIGN
BONDS
:
0
.1
%
200,000
Colombia
Government
International
Bond,
3.125
%,
04/15/2031
148,400
0.0
200,000
Mexico
Government
International
Bond,
3.500
%,
02/12/2034
156,800
0
.1
Total
Sovereign
Bonds
(Cost
$398,511)
305,200
0
.1
PURCHASED
OPTIONS
(11)
:
0.0
%
Total
Purchased
Options
(Cost
$32,219)
2,330
0.0
Total
Long-Term
Investments
(Cost
$286,381,067)
285,042,858
99
.7
SHORT-TERM
INVESTMENTS
:
4
.6
%
Commercial
Paper
:
0
.9
%
1,550,000
American
Honda
Finance
Corp.,
5.840
%,
10/23/2023
1,544,319
0
.5
700,000
American
Honda
Finance
Corp.,
5.880
%,
10/16/2023
698,199
0
.3
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Commercial
Paper
(continued)
275,000
EIDP
Inc.,
6.130
%,
10/11/2023
$
274,495
0
.1
Total
Commercial
Paper
(Cost
$2,517,557)
2,517,013
0
.9
U.S.
Treasury
Bills
:
1
.3
%
3,500,000
(3)(12)
United
States
Treasury
Bill,
1.780
%,
10/03/2023
3,499,489
1
.2
275,000
(12)
United
States
Treasury
Bill,
4.720
%,
10/17/2023
274,396
0
.1
Total
U.S.
Treasury
Bills
(Cost
$3,773,327)
3,773,885
1
.3
Repurchase
Agreements
:
2
.4
%
1,630,861
(13)
Bethesda
Securities
LLC,
Repurchase
Agreement
dated
09/29/2023,
5.390%,
due
10/02/2023
(Repurchase
Amount
$1,631,583,
collateralized
by
various
U.S.
Government
Agency
Obligations,
3.062%-6.000%,
Market
Value
plus
accrued
interest
$1,663,478,
due
08/01/28-07/01/53)
1,630,861
0
.6
1,664,143
(13)
Citigroup
Global
Markets
Inc.,
Repurchase
Agreement
dated
09/29/2023,
5.300%,
due
10/02/2023
(Repurchase
Amount
$1,664,868,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.087%,
Market
Value
plus
accrued
interest
$1,697,426,
due
08/05/25-05/20/72)
1,664,143
0
.6
373,149
(13)
Daiwa
Capital
Markets,
Repurchase
Agreement
dated
09/29/2023,
5.320%,
due
10/02/2023
(Repurchase
Amount
$373,312,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.000%,
Market
Value
plus
accrued
interest
$380,635,
due
01/31/24-10/01/53)
373,149
0
.1
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
29
Voya
Balanced
Portfolio
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
1,630,861
(13)
Industrial
&
Comm.
Bank
of
China,
Repurchase
Agreement
dated
09/29/2023,
5.330%,
due
10/02/2023
(Repurchase
Amount
$1,631,575,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
7.500%,
Market
Value
plus
accrued
interest
$1,663,478,
due
10/31/23-02/15/53)
$
1,630,861
0
.5
1,664,143
(13)
National
Bank
Financial,
Repurchase
Agreement
dated
09/29/2023,
5.340%,
due
10/02/2023
(Repurchase
Amount
$1,664,873,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.750%,
Market
Value
plus
accrued
interest
$1,697,426,
due
10/02/23)
1,664,143
0
.6
Total
Repurchase
Agreements
(Cost
$6,963,157)
6,963,157
2
.4
Total
Short-Term
Investments
(Cost
$13,254,041)
13,254,055
4
.6
Total
Investments
in
Securities
(Cost
$299,635,108)
$
298,296,913
104
.3
Liabilities
in
Excess
of
Other
Assets
(
12,311,020
)
(4.3)
Net
Assets
$
285,985,893
100.0
†
Unless
otherwise
indicated,
principal
amount
is
shown
in
USD.
(1)
Non-income
producing
security.
(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)
Security,
or
a
portion
of
the
security,
is
on
loan.
(4)
Investment
in
affiliate.
(5)
Variable
rate
security.
Rate
shown
is
the
rate
in
effect
as
of
September
30,
2023.
(6)
The
Federal
Housing
Finance
Agency
(“FHFA”)
placed
the
Federal
Home
Loan
Mortgage
Corporation
and
Federal
National
Mortgage
Association
into
conservatorship
with
FHFA
as
the
conservator.
As
such,
the
FHFA
oversees
the
continuing
affairs
of
these
companies.
(7)
Represents
or
includes
a
TBA
transaction.
(8)
Interest
only
securities
represent
the
right
to
receive
the
monthly
interest
payments
on
an
underlying
pool
of
mortgage
loans.
Principal
amount
shown
represents
the
notional
amount
on
which
current
interest
is
calculated.
Payments
of
principal
on
the
pool
reduce
the
value
of
the
interest
only
security.
(9)
For
fair
value
measurement
disclosure
purposes,
security
is
categorized
as
Level
3,
whose
value
was
determined
using
significant
unobservable
inputs.
(10)
Principal
only
securities
represent
the
right
to
receive
the
monthly
principal
payments
on
an
underlying
pool
of
mortgage
loans.
No
payments
of
interest
on
the
pool
are
passed
through
the
principal
only
security.
(11)
The
tables
within
the
Portfolio
of
Investments
detail
open
purchased
options
which
are
non-income
producing
securities.
(12)
Represents
a
zero
coupon
bond.
Rate
shown
reflects
the
effective
yield
as
of
September
30,
2023.
(13)
All
or
a
portion
of
the
security
represents
securities
purchased
with
cash
collateral
received
for
securities
on
loan.
Reference
Rate
Abbreviations:
12MTA
12-month
Treasury
Average
SOFR30A
30-day
Secured
Overnight
Financing
Rate
TSFR1M
1-month
CME
Term
Secured
Overnight
Financing
Rate
TSFR3M
3-month
CME
Term
Secured
Overnight
Financing
Rate
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
30
Voya
Balanced
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
Communication
Services
$
5,857,614
$
667,539
$
—
$
6,525,153
Consumer
Discretionary
9,632,813
1,718,166
—
11,350,979
Consumer
Staples
5,300,205
1,523,125
—
6,823,330
Energy
4,270,078
744,906
—
5,014,984
Financials
9,867,905
3,032,483
—
12,900,388
Health
Care
10,712,627
2,212,653
—
12,925,280
Industrials
9,600,064
2,525,504
—
12,125,568
Information
Technology
23,075,856
1,147,040
—
24,222,896
Materials
2,723,602
1,237,791
—
3,961,393
Real
Estate
2,432,133
420,070
—
2,852,203
Utilities
2,460,729
609,573
—
3,070,302
Total
Common
Stock
85,933,626
15,838,850
—
101,772,476
Asset-Backed
Securities
—
7,895,047
—
7,895,047
Collateralized
Mortgage
Obligations
—
9,609,140
—
9,609,140
Commercial
Mortgage-Backed
Securities
—
5,800,859
657,937
6,458,796
Corporate
Bonds/Notes
—
22,439,413
—
22,439,413
Exchange-Traded
Funds
17,153,677
—
—
17,153,677
Mutual
Funds
87,348,030
—
—
87,348,030
Preferred
Stock
—
32,711
—
32,711
Purchased
Options
—
2,330
—
2,330
Short-Term
Investments
—
13,254,055
—
13,254,055
Sovereign
Bonds
—
305,200
—
305,200
U.S.
Government
Agency
Obligations
—
20,389,632
—
20,389,632
U.S.
Treasury
Obligations
—
11,636,406
—
11,636,406
Total
Investments,
at
fair
value
$
190,435,333
$
107,203,643
$
657,937
$
298,296,913
Other
Financial
Instruments+
Centrally
Cleared
Interest
Rate
Swaps
—
63,632
—
63,632
Forward
Foreign
Currency
Contracts
—
54
—
54
Forward
Premium
Swaptions
—
136,160
—
136,160
Futures
229,028
—
—
229,028
Total
Assets
$
190,664,361
$
107,403,489
$
657,937
$
298,725,787
Liabilities
Table
Other
Financial
Instruments+
Centrally
Cleared
Interest
Rate
Swaps
$
—
$
(
17,584
)
$
—
$
(
17,584
)
Forward
Premium
Swaptions
—
(
140,105
)
—
(
140,105
)
Futures
(
460,229
)
—
—
(
460,229
)
Written
Options
—
(
201,773
)
—
(
201,773
)
Total
Liabilities
$
(
460,229
)
$
(
359,462
)
$
—
$
(
819,691
)
#
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
September
30,
2023
(Unaudited)
(continued)
31
Voya
Balanced
Portfolio
Transactions
with
Affiliates
An
investment
of
at
least
5%
of
the
voting
securities
of
an
issuer,
or
a
company
which
is
under
common
control
with
the
issuer,
results
in
that
issuer
becoming
an
affiliated
person
as
defined
by
the
1940
Act.
The
following
table
provides
transactions
during
the
period
ended
September
30,
2023,
where
the
following
issuers
were
considered
an
affiliate:
Issuer
Beginning
Fair
Value
at
12/31/2022
Purchases
at
Cost
Sales
at
Cost
Change
In
Unrealized
Appreciation/
(Depreciation)
Ending
Fair
Value
at
9/30/2023
Investment
Income
Realized
Gains/
(Losses)
Net
Capital
Gain
Distributions
Voya
High
Yield
Bond
Fund
-
Class
P
$
3,636,470
$
20,724
$
(
4,266,957
)
$
609,763
$
—
$
38,828
$
(
571,604
)
$
—
Voya
Short
Term
Bond
Fund
-
Class
R6
11,088,112
15,288,579
(
5,022,856
)
28,304
21,382,139
461,337
(
215,269
)
—
Voya
Small
Cap
Growth
Fund
-
Class
R6
2,888,514
84,515
(
403,717
)
219,816
2,789,128
—
18,283
—
Voya
Small
Company
Fund
-
Class
R6
5,857,662
322,096
(
829,601
)
275,010
5,625,167
—
20,399
—
Voya
U.S.
Stock
Index
Portfolio
-
Class
I
—
60,563,884
(
6,282,575
)
(
581,225
)
53,700,084
43,351
415,592
5,341,904
Voya
VACS
Series
HYB
Fund
—
3,899,122
—
(
47,610
)
3,851,512
185,662
—
—
$
23,470,758
$
80,178,920
$
(
16,805,706
)
$
504,058
$
87,348,030
$
729,178
$
(
332,599
)
$
5,341,904
The
financial
statements
for
the
above
mutual
fund[s]
can
be
found
at
www.sec.gov.
At
September
30,
2023,
the
following
forward
foreign
currency
contracts
were
outstanding
for
Voya
Balanced
Portfolio:
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
EUR
11,181
USD
11,790
BNP
Paribas
11/17/23
$
54
$
54
At
September
30,
2023,
the
following
futures
contracts
were
outstanding
for
Voya
Balanced
Portfolio:
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Unrealized
Appreciation/
(Depreciation)
Long
Contracts:
U.S.
Treasury
2-Year
Note
32
12/29/23
$
6,486,750
$
(
15,656
)
U.S.
Treasury
5-Year
Note
41
12/29/23
4,319,734
(
34,972
)
U.S.
Treasury
10-Year
Note
7
12/19/23
756,438
(
1,983
)
U.S.
Treasury
Long
Bond
4
12/19/23
455,125
(
22,821
)
U.S.
Treasury
Ultra
Long
Bond
44
12/19/23
5,222,250
(
384,797
)
$
17,240,297
$
(
460,229
)
Short
Contracts:
S&P
500
E-Mini
(14)
12/15/23
(
3,027,850
)
149,632
U.S.
Treasury
Ultra
10-Year
Note
(29)
12/19/23
(
3,235,313
)
79,396
$
(
6,263,163
)
$
229,028
At
September
30,
2023,
the
following
centrally
cleared
interest
rate
swaps
were
outstanding
for
Voya
Balanced
Portfolio:
Pay/Receive
Floating
Rate
Floating
Rate
Index
Floating
Rate
Index
Payment
Frequency
Fixed
Rate
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Pay
28-day
MXN
TIIE-BANXICO
Monthly
9
.000
%
Monthly
08/14/28
MXN
5,258,000
$
(
7,256
)
$
(
7,256
)
Pay
28-day
MXN
TIIE-BANXICO
Monthly
8
.860
Monthly
08/09/28
MXN
5,298,000
(
8,961
)
(
8,961
)
Pay
1-day
Secured
Overnight
Financing
Rate
Annual
3
.759
Annual
08/11/33
USD
29,000
(
391
)
(
396
)
Pay
1-day
Secured
Overnight
Financing
Rate
Annual
4
.603
Annual
09/05/25
USD
648,000
274
274
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.805
Annual
02/20/25
USD
405,000
1,421
1,421
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.875
Annual
02/20/25
USD
550,000
1,565
1,565
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.807
Annual
06/20/25
USD
550,000
7
7
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.561
Annual
09/05/25
USD
636,000
(
26
)
(
26
)
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.601
Annual
06/20/25
USD
637,000
1,225
1,225
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
32
Voya
Balanced
Portfolio
Pay/Receive
Floating
Rate
Floating
Rate
Index
Floating
Rate
Index
Payment
Frequency
Fixed
Rate
Fixed
Rate
Payment
Frequency
Maturity
Date
Notional
Amount
Fair
Value
Unrealized
Appreciation/
(Depreciation)
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.975
%
Annual
02/20/25
USD
654,000
$
1,241
$
1,241
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.667
Annual
06/20/25
USD
695,000
909
909
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
5
.061
Annual
02/20/25
USD
700,000
759
759
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.884
Annual
02/20/25
USD
741,000
2,050
2,050
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.073
Annual
02/20/25
USD
752,000
7,846
7,846
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.986
Annual
02/20/25
USD
792,000
1,427
1,427
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.745
Annual
06/20/25
USD
926,000
541
541
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.657
Annual
09/05/25
USD
942,000
(
877
)
(
877
)
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.551
Annual
09/09/25
USD
1,001,000
(
68
)
(
68
)
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.464
Annual
02/20/25
USD
1,024,000
6,903
6,903
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
3
.559
Annual
02/20/25
USD
1,187,000
18,148
18,148
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.586
Annual
02/20/25
USD
1,215,000
6,783
6,784
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.756
Annual
02/20/25
USD
1,273,000
5,056
5,056
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.668
Annual
06/20/25
USD
1,447,000
1,884
1,884
Receive
1-day
Secured
Overnight
Financing
Rate
Annual
4
.784
Annual
02/20/25
USD
1,505,000
5,592
5,592
$
46,052
$
46,048
At
September
30,
2023,
the
following
OTC
purchased
foreign
currency
options
were
outstanding
for
Voya
Balanced
Portfolio:
Description
Counterparty
Expiration
Date
Exercise
Price
Notional
Amount
Cost
Fair
Value
Call
JPY
vs.
Put
USD
BNP
Paribas
02/27/25
107.500
USD
210,000
$
10,416
$
580
$
10,416
$
580
At
September
30,
2023,
the
following
OTC
purchased
interest
rate
swaptions
were
outstanding
for
Voya
Balanced
Portfolio:
Description
Counterparty
Pay/
Receive
Exercise
Rate
Exercise
Rate
Floating
Rate
Index
Expiration
Date
Notional
Amount
Cost
Fair
Value
Call
on
10-Year
Interest
Rate
Swap
(1)
BNP
Paribas
Receive
2.225%
1-day
Secured
Overnight
Financing
Rate
05/16/24
USD
1,094,700
$
11,859
$
965
Call
on
10-Year
Interest
Rate
Swap
(1)
JPMorgan
Chase
Bank
N.A.
Receive
2.213%
1-day
Secured
Overnight
Financing
Rate
05/16/24
USD
912,300
9,944
785
$
21,803
$
1,750
At
September
30,
2023,
the
following
OTC
written
interest
rate
swaptions
were
outstanding
for
Voya
Balanced
Portfolio:
Description
Counterparty
Pay/Receive
Exercise
Rate
Exercise
Rate
Floating
Rate
Index
Expiration
Date
Notional
Amount
Premiums
Received
Fair
Value
Call
on
1-Year
Interest
Rate
Swap
(2)
Barclays
Bank
PLC
Pay
4.170%
1-day
Secured
Overnight
Financing
Rate
02/16/24
USD
2,894,000
$
13,616
$
(
1,268
)
Call
on
1-Year
Interest
Rate
Swap
(2)
Morgan
Stanley
Capital
Services
LLC
Pay
3.520%
1-day
Secured
Overnight
Financing
Rate
01/24/24
USD
5,788,000
25,193
(
484
)
Put
on
10-Year
Interest
Rate
Swap
(1)
BNP
Paribas
Receive
4.050%
1-day
Secured
Overnight
Financing
Rate
05/16/24
USD
1,094,700
11,859
(
38,794
)
Put
on
10-Year
Interest
Rate
Swap
(1)
JPMorgan
Chase
Bank
N.A.
Receive
4.050%
1-day
Secured
Overnight
Financing
Rate
05/16/24
USD
912,300
9,944
(
32,330
)
Put
on
1-Year
Interest
Rate
Swap
(1)
Barclays
Bank
PLC
Receive
4.170%
1-day
Secured
Overnight
Financing
Rate
02/16/24
USD
2,894,000
13,616
(
30,598
)
Put
on
1-Year
Interest
Rate
Swap
(1)
Morgan
Stanley
Capital
Services
LLC
Receive
3.520%
1-day
Secured
Overnight
Financing
Rate
01/24/24
USD
5,788,000
25,192
(
98,299
)
$
99,420
$
(
201,773
)
At
September
30,
2023,
the
following
OTC
purchased
forward
premium
swaptions
were
outstanding
for
Voya
Balanced
Portfolio:
Description
Counterparty
Exercise
Rate
(3)
Pay/
Receive
Exercise
Rate
Floating
Rate
Index
Expiration
Date
Notional
Amount
Premium
receivable/
(payable)
at
expiration
(4)
Unrealized
Appreciation/
(Depreciation)
Call
on
30-Year
Interest
Rate
Swap
Barclays
Bank
PLC
17.500%
Receive
1-day
Secured
Overnight
Financing
Rate
06/14/27
USD
439,500
$
(
76,913
)
$
(
3,377
)
Call
on
30-Year
Interest
Rate
Swap
Barclays
Bank
PLC
17.700%
Receive
1-day
Secured
Overnight
Financing
Rate
05/28/27
USD
740,000
(
130,980
)
(
6,679
)
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
33
Voya
Balanced
Portfolio
Description
Counterparty
Exercise
Rate
(3)
Pay/
Receive
Exercise
Rate
Floating
Rate
Index
Expiration
Date
Notional
Amount
Premium
receivable/
(payable)
at
expiration
(4)
Unrealized
Appreciation/
(Depreciation)
Put
on
30-Year
Interest
Rate
Swap
Barclays
Bank
PLC
18.000%
Pay
1-day
Secured
Overnight
Financing
Rate
05/25/27
USD
925,000
$
(
166,500
)
$
(
10,625
)
$
(
374,393
)
$
(
20,681
)
At
September
30,
2023,
the
following
OTC
written
forward
premium
swaptions
were
outstanding
for
Voya
Balanced
Portfolio:
Description
Counterparty
Exercise
Rate
(3)
Pay/
Receive
Exercise
Rate
Floating
Rate
Index
Expiration
Date
Notional
Amount
Premium
receivable/
(payable)
at
expiration
(4)
Unrealized
Appreciation/
(Depreciation)
Call
on
1-Year
Interest
Rate
Swap
Bank
of
America
N.A.
4.150%
Pay
1-day
Secured
Overnight
Financing
Rate
09/03/24
USD
2,945,000
$
16,492
$
6,378
Call
on
1-Year
Interest
Rate
Swap
BNP
Paribas
4.150%
Pay
1-day
Secured
Overnight
Financing
Rate
09/03/24
USD
5,891,000
32,916
12,687
Call
on
1-Year
Interest
Rate
Swap
Goldman
Sachs
International
3.900%
Pay
1-day
Secured
Overnight
Financing
Rate
06/17/24
USD
4,952,000
28,239
18,484
Call
on
1-Year
Interest
Rate
Swap
Morgan
Stanley
Capital
Services
LLC
3.800%
Pay
1-day
Secured
Overnight
Financing
Rate
06/14/24
USD
4,952,000
29,874
22,372
Call
on
5-Year
Interest
Rate
Swap
Bank
of
America
N.A.
4.160%
Pay
1-day
Secured
Overnight
Financing
Rate
09/28/28
USD
126,000
5,594
74
Call
on
5-Year
Interest
Rate
Swap
Barclays
Bank
PLC
3.858%
Pay
1-day
Secured
Overnight
Financing
Rate
08/21/28
USD
11,595,000
512,499
74,698
Call
on
5-Year
Interest
Rate
Swap
Morgan
Stanley
Capital
Services
LLC
3.525%
Pay
1-day
Secured
Overnight
Financing
Rate
08/08/28
USD
126,000
5,336
1,351
Put
on
1-Year
Interest
Rate
Swap
Bank
of
America
N.A.
4.150%
Receive
1-day
Secured
Overnight
Financing
Rate
09/03/24
USD
2,945,000
16,492
(
6,203
)
Put
on
1-Year
Interest
Rate
Swap
BNP
Paribas
4.150%
Receive
1-day
Secured
Overnight
Financing
Rate
09/03/24
USD
5,891,000
32,916
(
12,477
)
Put
on
1-Year
Interest
Rate
Swap
Goldman
Sachs
International
3.900%
Receive
1-day
Secured
Overnight
Financing
Rate
06/17/24
USD
4,952,000
28,239
(
24,430
)
Put
on
1-Year
Interest
Rate
Swap
Morgan
Stanley
Capital
Services
LLC
3.800%
Receive
1-day
Secured
Overnight
Financing
Rate
06/14/24
USD
4,952,000
30,265
(
27,121
)
Put
on
2-Year
Interest
Rate
Swap
Goldman
Sachs
International
3.400%
Receive
6-month
EUR-EURIBOR
08/29/25
EUR
1,767,000
16,053
(
546
)
Put
on
5-Year
Interest
Rate
Swap
Bank
of
America
N.A.
4.160%
Receive
1-day
Secured
Overnight
Financing
Rate
09/28/28
USD
126,000
5,594
116
Put
on
5-Year
Interest
Rate
Swap
Barclays
Bank
PLC
3.858%
Receive
1-day
Secured
Overnight
Financing
Rate
08/21/28
USD
11,595,000
512,499
(
47,152
)
Put
on
5-Year
Interest
Rate
Swap
Morgan
Stanley
Capital
Services
LLC
3.525%
Receive
1-day
Secured
Overnight
Financing
Rate
08/08/28
USD
126,000
5,336
(
1,495
)
$
1,278,344
$
16,736
(1)
Portfolio
pays
the
exercise
rate
semi-annually
and
receives
the
floating
rate
index
quarterly.
(2)
Portfolio
receives
the
exercise
rate
semi-annually
and
pays
the
floating
rate
index
quarterly.
(3)
Forward
premium
swaption
exercise
rates
represent
the
premium
price
on
each
respective
swaption
contract.
Final
exercise
rate
will
be
determined
at
the
expiration
of
each
respective
swaption
contract.
(4)
Forward
premium
swaptions
include
premiums
receivable/(payable)
that
have
extended
settlement
dates.
Premiums
are
not
exchanged
until
the
expiration
date
of
each
respective
forward
premium
swaption
contract.
Currency
Abbreviations:
EUR
—
EU
Euro
MXN
—
Mexican
Peso
Currency
Abbreviations:
USD
—
United
States
Dollar
Net
unrealized
depreciation
consisted
of:
Gross
Unrealized
Appreciation
$
13,094,027
Gross
Unrealized
(
14,432,222
)
Net
Unrealized
Depreciation
$
(
1,338,195
)