| Voya Diversified Emerging Markets Debt Fund | PORTFOLIO OF INVESTMENTS |
| as of July 31, 2020 (Unaudited) |
| Shares | | | Value | | Percentage
of Net
Assets |
| MUTUAL FUNDS: 99.2% |
| | | Affiliated Investment Companies: 99.2% |
| 352,692 | | Voya Emerging Markets Corporate Debt Fund - Class P | $ 3,551,607 | | 31 .9 |
| 388,036 | | Voya Emerging Markets Hard Currency Debt Fund - Class P | 3,763,954 | | 33 .8 |
| 548,363 | | Voya Emerging Markets Local Currency Debt Fund - Class P | 3,739,833 | | 33 .5 |
| | | | | | |
| | Total Mutual Funds | | | |
| | (Cost $11,157,034) | 11,055,394 | | 99 .2 |
| | | | | |
| | | | | |
| SHORT-TERM INVESTMENTS: 0.9% |
| | | Mutual Funds: 0.9% |
| 99,000 | (1) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 0.130% | | | |
| | | (Cost $99,000) | 99,000 | | 0 .9 |
| | | | | | |
| | Total Short-Term Investments | | | |
| | (Cost $99,000) | 99,000 | | 0 .9 |
| | | | | |
| | Total Investments in Securities
(Cost $11,256,034) | $ 11,154,394 | | 100 .1 |
| | Liabilities in Excess of Other Assets | (9,108) | | (0 .1) |
| | Net Assets | $ 11,145,286 | | 100 .0 |
| |
| (1) | Rate shown is the 7-day yield as of July 31, 2020. |
| Fair Value Measurements |
| The following is a summary of the fair valuations according to the inputs used as of July 31, 2020 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
July 31, 2020 | |
| Asset Table | | | | | | | | | | | | | | | | |
| Investments, at fair value | | | | | | | | | | | | | | | | |
| Mutual Funds | | $ | 11,055,394 | | | $ | – | | | $ | – | | | $ | 11,055,394 | |
| Short-Term Investments | | | 99,000 | | | | – | | | | – | | | | 99,000 | |
| Total Investments, at fair value | | $ | 11,154,394 | | | $ | – | | | $ | – | | | $ | 11,154,394 | |
| Other Financial Instruments+ | | | | | | | | | | | | | | | | |
| Forward Foreign Currency Contracts | | | – | | | | 20 | | | | – | | | | 20 | |
| Total Assets | | $ | 11,154,394 | | | $ | 20 | | | $ | – | | | $ | 11,154,414 | |
| Liabilities Table | | | | | | | | | | | | | | | | |
| Other Financial Instruments+ | | | | | | | | | | | | | | | | |
| Forward Foreign Currency Contracts | | $ | – | | | $ | (419 | ) | | $ | – | | | $ | (419 | ) |
| Total Liabilities | | $ | – | | | $ | (419 | ) | | $ | – | | | $ | (419 | ) |
| Voya Diversified Emerging Markets Debt Fund | PORTFOLIO OF INVESTMENTS |
| as of July 31, 2020 (Unaudited) (Continued) |
| + | 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. |
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 July 31, 2020, where the following issuers were considered an affiliate:
| Issuer | | Beginning Fair Value
at 10/31/19 | | | Purchases at Cost | | | Sales at Cost | | | Change in Unrealized
Appreciation/(Depreciation) | | | Ending Fair Value at
7/31/20 | | | Investment Income | | | Realized
Gains/(Losses) | | | Net Capital Gain
Distributions | |
| Voya Emerging Markets Corporate Debt Fund - Class P | | $ | 6,549,175 | | | $ | 148,533 | | | $ | (3,123,078 | ) | | $ | (23,023 | ) | | $ | 3,551,607 | | | $ | 148,533 | | | $ | 76,422 | | | $ | - | |
| Voya Emerging Markets Hard Currency Debt Fund - Class P | | | 5,717,108 | | | | 162,460 | | | | (2,126,807 | ) | | | 11,193 | | | | 3,763,954 | | | | 162,460 | | | | 23,145 | | | | - | |
| Voya Emerging Markets Local Currency Debt Fund - Class P | | | 6,295,797 | | | | 88,878 | | | | (2,206,995 | ) | | | (437,847 | ) | | | 3,739,833 | | | | 185,657 | | | | 118,510 | | | | - | |
| | | $ | 18,562,080 | | | $ | 399,871 | | | $ | (7,456,880 | ) | | $ | (449,677 | ) | | $ | 11,055,394 | | | $ | 496,650 | | | $ | 218,077 | | | $ | - | |
The financial statements for the above mutual fund[s] can be found at www.sec.gov.
At July 31, 2020, the following forward foreign currency contracts were outstanding for Voya Diversified Emerging Markets Debt Fund:
| Currency Purchased | Currency Sold | | Counterparty | Settlement
Date | | Unrealized
Appreciation
(Depreciation) |
| USD 847 | MXN 20,463 | | Barclays Bank PLC | 08/14/20 | $ | (71 ) |
| USD 543 | THB 17,463 | | BNP Paribas | 08/07/20 | | (17 ) |
| USD 1,255 | TRY 9,282 | | BNP Paribas | 08/07/20 | | (69 ) |
| USD 264 | HUF 85,575 | | BNP Paribas | 08/07/20 | | (29 ) |
| USD 199 | BRL 1,156 | | BNP Paribas | 08/14/20 | | (23 ) |
| RUB 73,092 | USD 987 | | Citibank N.A. | 08/07/20 | | (2 ) |
| USD 1,634 | PLN 6,887 | | Citibank N.A. | 08/07/20 | | (204 ) |
| USD 47 | ZAR 871 | | HSBC Bank USA N.A. | 08/07/20 | | (4 ) |
| PHP 34,179 | USD 675 | | JPMorgan Chase Bank N.A. | 08/07/20 | | 20 |
| | | | | | $ | (399 ) |
| Currency Abbreviations |
| BRL | - | Brazilian Real |
| HUF | - | Hungarian Forint |
| MXN | - | Mexican Peso |
| PHP | - | Philippine Peso |
| PLN | - | Polish Zloty |
| RUB | - | Russian Ruble |
| THB | - | Thai Baht |
| TRY | - | Turkish Lira |
| USD | - | United States Dollar |
| ZAR | - | South African Rand |
| At July 31, 2020, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were: |
| | |
| | Cost for federal income tax purposes was $11,312,537. |
| | Net unrealized depreciation consisted of: |
| | Gross Unrealized Appreciation | | $ | 99,398 | |
| | Gross Unrealized Depreciation | | | (257,940 | ) |
| | Net Unrealized Depreciation | | $ | (158,542 | ) |
