Voya MUTUAL FUNDS NPORTP Voya Multi-manager International Small Cap Fund (Jan 2022 report)

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited)

Shares			Value		Percentage of Net Assets
COMMON STOCK: 97.2%
		Australia: 8.5%
14,350		ADBRI Ltd.	$	29,912		0.0
110,947	⁽¹⁾	Allkem Ltd.		722,447		0.3
20,982		Ansell Ltd.		398,907		0.2
33,892	⁽¹⁾	Australian Clinical Labs Ltd.		122,716		0.1
27,096		Australian Vintage Ltd		13,781		0.0
12,310		Ava Risk Group Ltd.		3,481		0.0
76,701		Bank of Queensland Ltd.		417,233		0.2
310,498		Base Resources Ltd.		71,350		0.0
481,182		Beach Energy Ltd.		508,287		0.2
40,865		Beacon Lighting Group Ltd.		78,012		0.1
1,114,951		Beacon Minerals Ltd.		26,015		0.0
89,246		BlueScope Steel Ltd.		1,169,731		0.5
25,586	⁽¹⁾	Calix Ltd.		92,584		0.0
70,982		Charter Hall Group		850,210		0.4
11,622		Clinuvel Pharmaceuticals Ltd.		189,971		0.1
13,518	⁽¹⁾	Cogstate Ltd.		16,405		0.0
143,517		CSR Ltd.		571,708		0.3
41,393		Data#3 Ltd.		162,243		0.1
26,015	⁽¹⁾	DGL Group Ltd./Au		48,928		0.0
13,541		EBOS Group Ltd.		348,107		0.2
61,775		Elders Ltd.		477,692		0.2
225,282		Estia Health Ltd.		324,942		0.2
468,457		Healius Ltd.		1,482,923		0.7
156,949		Horizon Oil Ltd.		11,173		0.0
143,887		Iluka Resources Ltd.		1,069,932		0.5
122,226		Image Resources NL		18,580		0.0
312,876		Incitec Pivot Ltd.		732,590		0.3
12,575		JB Hi-Fi Ltd.		411,445		0.2
35,188		Johns Lyng Group Ltd.		192,544		0.1
128,714		Jupiter Mines Ltd.		20,106		0.0
37,232		MACA Ltd.		18,938		0.0
115,297		Macmahon Holdings Ltd.		14,674		0.0
9,418		McMillan Shakespeare Ltd.		75,101		0.0
28,388	⁽¹⁾	Midway Ltd.		20,774		0.0
42,731		Mineral Resources Ltd.		1,698,167		0.8
10,056		MotorCycle Holdings Ltd.		22,511		0.0
291,304	⁽¹⁾	Myer Holdings Ltd.		90,893		0.0
493,079		New Hope Corp., Ltd.		794,299		0.4
7,837		Nick Scali Ltd.		75,627		0.0
45,039		Nickel Mines Ltd.		46,259		0.0
93,803		Nufarm Ltd.		297,902		0.1
1,805		Objective Corp. Ltd.		20,544		0.0
57,402	⁽¹⁾	OM Holdings Ltd.		35,919		0.0
44,262		OZ Minerals Ltd.		767,817		0.4
46,859		Pact Group Holdings Ltd.		77,448		0.0
81,314		Pendal Group Ltd.		279,266		0.1
111,878		Reliance Worldwide Corp. Ltd.		413,166		0.2
33,138		Ridley Corp. Ltd.		33,134		0.0
126,812		Sandfire Resources Ltd.		609,379		0.3
26,708		Seven Group Holdings Ltd.		413,012		0.2
212,390		Shopping Centres Australasia Property Group		424,332		0.2
40,764		Sims Metal Management Ltd.		415,027		0.2
40,505		Super Retail Group Ltd.		335,001		0.2
52,201		Technology One Ltd.		390,515		0.2
9,325	⁽¹⁾	Trajan Group Holdings Ltd.		28,004		0.0
22,759	⁽¹⁾	Tuas Ltd.		30,889		0.0
36,739	⁽¹⁾	West African Resources Ltd.		29,129		0.0
395,710	⁽¹⁾	Whitehaven Coal Ltd.		757,655		0.3
				18,799,337		8.5

		Austria: 0.3%
3,384		Addiko Bank AG		46,773		0.0
10,642		Andritz AG		566,189		0.3
1,877		Palfinger AG		64,143		0.0
389		Rosenbauer International AG		19,404		0.0
908	⁽¹⁾	Schoeller-Bleckmann Oilfield Equipment AG		38,284		0.0
600		UBM Development AG		28,446		0.0
621		Zumtobel AG		5,623		0.0
				768,862		0.3

		Belgium: 0.2%
103	⁽¹⁾	AGFA-Gevaert NV		437		0.0
2,788	⁽¹⁾	bpost SA		20,581		0.0
533		Cie d'Entreprises CFE		72,201		0.1
17,177		Deceuninck NV		65,124		0.0
7,585		Econocom Group SA/NV		30,333		0.0
2,052		Ion Beam Applications		35,058		0.0
375		Melexis NV		39,320		0.0
258	⁽¹⁾	Picanol		19,594		0.0
128		Resilux		32,930		0.1
478		Sipef NV		30,395		0.0
414		Wereldhave Belgium Comm VA		24,212		0.0
				370,185		0.2

		Canada: 11.9%
151,500	⁽¹⁾	Advantage Energy Ltd.		819,982		0.4
13,610	⁽¹⁾	Africa Oil Corp.		22,270		0.0
13,417		AGF Management Ltd.		78,107		0.0
86,070		ARC Resources Ltd.		1,008,207		0.5
18,600		Artis Real Estate Investment Trust		177,784		0.1
19,681	⁽¹⁾	ATS Automation Tooling Systems, Inc.		803,559		0.4
9,944	⁽¹⁾	Ballard Power Systems, Inc.		103,731		0.1
175,453		Birchcliff Energy Ltd.		865,429		0.4
19,409		Bird Construction, Inc.		146,886		0.1
22,700		Black Diamond Group Ltd.		81,967		0.0
20,328		Boardwalk Real Estate Investment Trust		894,582		0.4
9,200	⁽¹⁾	Bonterra Energy Corp.		56,019		0.0
200		Bridgemarq Real Estate Services		2,670		0.0
21,302		BRP, Inc.		1,770,488		0.8
19,147		Canadian Western Bank		581,874		0.3
56,383	⁽¹⁾	Canfor Corp.		1,280,998		0.6

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Canada: (continued)
5,900	⁽¹⁾	Canfor Pulp Products, Inc.	$	27,802	0.0
232,852	⁽¹⁾	Capstone Mining Corp.		991,015	0.5
182,700	⁽¹⁾	Cardinal Energy Ltd.		757,447	0.3
66,079	⁽¹⁾	Celestica, Inc.		822,644	0.4
64,278		CES Energy Solutions Corp.		123,383	0.1
33,338		CI Financial Corp.		618,687	0.3
2,369	⁽¹⁾	Cipher Pharmaceuticals, Inc.		3,280	0.0
830		Cogeco, Inc.		53,503	0.0
201,500	⁽¹⁾	Crew Energy, Inc.		586,516	0.3
6,109	⁽¹⁾	Descartes Systems Group, Inc./The		444,448	0.2
1,100		DREAM Unlimited Corp.		34,640	0.0
75,328		Dundee Precious Metals, Inc.		442,670	0.2
14,300	⁽¹⁾	Ensign Energy Services, Inc.		25,087	0.0
19,100	⁽¹⁾	ERO Copper Corp.		237,858	0.1
2,608		Exco Technologies Ltd.		20,168	0.0
50,297		Finning International, Inc.		1,402,294	0.6
3,100		First Capital Real Estate Investment Trust		43,312	0.0
48,425	⁽¹⁾	Fortuna Silver Mines, Inc.		164,572	0.1
8,612	⁽¹⁾	Frontera Energy Corp.		71,950	0.1
1,808		Guardian Capital Group Ltd.		53,338	0.0
49,500		H&R Real Estate Investment Trust		503,119	0.2
9,900		Hardwoods Distribution, Inc.		340,579	0.2
27,837		High Arctic Energy Services, Inc.		36,571	0.0
9,800	⁽¹⁾	IBI Group, Inc.		101,997	0.0
6,900	⁽¹⁾	Indigo Books & Music, Inc.		18,890	0.0
1,532		Information Services Corp.		29,118	0.0
21,400	⁽¹⁾	InPlay Oil Corp.		52,189	0.0
25,000		Interfor Corp.		744,995	0.3
5,399		Intertape Polymer Group, Inc.		108,944	0.1
20,900	⁽¹⁾	Kelt Exploration Ltd.		91,088	0.0
400		Lassonde Industries, Inc.		48,145	0.0
4,600		Leon's Furniture Ltd.		90,831	0.0
7,000		Linamar Corp.		387,956	0.2
3,000	⁽¹⁾	Lucara Diamond Corp.		1,345	0.0
4,426	⁽¹⁾	Magnet Forensics, Inc.		86,525	0.0
6,130	⁽¹⁾	Mandalay Resources Corp.		11,574	0.0
14,500		Martinrea International, Inc.		119,545	0.1
33,000	⁽¹⁾	MEG Energy Corp.		393,046	0.2
2,869	⁽¹⁾	Milestone Pharmaceuticals, Inc.		19,911	0.0
800		Morguard Corp.		82,577	0.0
9,700		Mullen Group Ltd.		89,587	0.0
8,656		Neo Performance Materials, Inc.		121,687	0.1
108,673	⁽¹⁾	NuVista Energy Ltd.		768,572	0.4
52,724	^(1),(2)	Obsidian Energy Ltd.		387,814	0.2
13,000		Paramount Resources Ltd.		255,572	0.1
43,934		Parex Resources, Inc.		934,567	0.4
10,300		Pason Systems, Inc.		102,178	0.0
32,300		Peyto Exploration & Development Corp.		253,084	0.1
15,000		PHX Energy Services Corp.		60,772	0.0
1,278	⁽¹⁾	Precision Drilling Corp.		55,558	0.0
12,375		Primaris REIT		137,949	0.1
8,200		Richelieu Hardware Ltd.		322,414	0.1
36,218		Russel Metals, Inc.		903,776	0.4
21,000		Stelco Holdings, Inc.		607,788	0.3
10,641		Stella-Jones, Inc.		333,591	0.2
217,516	⁽¹⁾	Taseko Mines Ltd.		415,456	0.2
5,100		TECSYS, Inc.		171,518	0.1
69,500		Tidewater Midstream and Infrastructure Ltd.		71,077	0.0
19,010	⁽¹⁾	Tilray Brands, Inc.		112,760	0.1
15,400	⁽¹⁾	Total Energy Services, Inc.		82,624	0.0
26,014	⁽¹⁾	TransGlobe Energy Corp.		77,522	0.0
54,137		Tricon Residential, Inc.		793,433	0.4
12,803	⁽¹⁾	Uni-Select, Inc.		238,807	0.1
1,853		VersaBank		21,487	0.0
1,100		Wajax Corp.		19,921	0.0
15,900		Western Forest Products, Inc.		25,267	0.0
				26,252,893	11.9

		China: 1.5%
10,276		China Yuchai International Ltd.		141,500	0.1
111,072		Ever Reach Group Holdings Co. Ltd.		15,385	0.0
18,100		Fangda Special Steel Technology Co. Ltd. - A Shares		22,043	0.0
301,000	⁽¹⁾	Goodbaby International Holdings Ltd.		42,640	0.0
909,897		Greenland Hong Kong Holdings Ltd.		179,185	0.1
498,784		Harbin Electric Co. Ltd. - H Shares		165,483	0.1
132,956		Henan Jinma Energy Co. Ltd. - H Shares		69,284	0.0
160,000	⁽¹⁾	Hilong Holding Ltd.		7,341	0.0
154,000		Jutal Offshore Oil Services Ltd.		16,485	0.0
87,000		Lansen Pharmaceutical Holdings Ltd.		12,888	0.0
315,000		Nexteer Automotive Group Ltd.		346,729	0.2
89,000		Pacific Online Ltd.		14,803	0.0
631,200		SGIS Songshan Co. Ltd. - A Shares		441,773	0.2
30,700		Shan Xi Hua Yang Group New Energy Co. Ltd. - A Shares		50,712	0.0
11,597		Shanghai Fullhan Microelectronics Co. Ltd. - A Shares		219,654	0.1

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		China: (continued)
662,883		Suzhou Gold Mantis Construction Decoration Co. Ltd. - A Shares	$	605,378	0.3
368,000		Ten Pao Group Holdings Ltd.		99,728	0.1
147,000		Wuxi Boton Technology Co. Ltd. - A Shares		479,196	0.2
38,932		Xingfa Aluminium Holdings Ltd.		44,656	0.0
25,085		Xinyu Iron & Steel Co. Ltd. - A Shares		22,148	0.0
319,000	⁽¹⁾	Xiwang Special Steel Co. Ltd. - H Shares		15,671	0.0
8,200		Yantai Zhenghai Bio-tech Co. Ltd.		78,659	0.0
138,000		Zengame Technology Holding Ltd. - H Shares		25,133	0.0
229,500		Zhejiang Semir Garment Co. Ltd. - A Shares		253,459	0.1
				3,369,933	1.5

		Denmark: 1.1%
16	⁽¹⁾	ALK-Abello A/S		6,756	0.0
5,154		Chemometec A/S		534,365	0.2
16,285		D/S Norden		370,674	0.2
173		Fluegger Group A/S		15,743	0.0
9,242		H Lundbeck A/S		235,153	0.1
4,469		Matas A/S		74,722	0.0
3,256	⁽³⁾	Netcompany Group A/S		239,200	0.1
238		North Media A/S		3,532	0.0
2,788		Pandora A/S		303,166	0.1
4,574		Per Aarsleff Holding A/S		206,097	0.1
3,184		Royal Unibrew A/S		366,050	0.2
1,521		Skjern Bank		26,640	0.0
1,402		Solar A/S		150,329	0.1
26	⁽¹⁾	Sparekassen Sjaelland-Fyn AS		802	0.0
				2,533,229	1.1

		Finland: 1.3%
596		Alandsbanken Abp		23,955	0.0
1,202		Alma Media Oyj		13,801	0.0
1,699		Aspo Oyj		21,108	0.0
1,999		Atria PLC		25,242	0.0
3,554		Digia Oyj		28,907	0.0
3,160		eQ Oyj		88,127	0.1
1,668		Fiskars OYJ Abp		41,500	0.0
11,042		F-Secure Oyj		54,334	0.0
20,844		Kemira OYJ		306,386	0.2
707	⁽¹⁾	Marimekko Oyj		58,230	0.0
40,576		Oriola Oyj		99,766	0.1
47,180		Metso Outotec Oyj		505,984	0.2
442		Ponsse Oyj		19,946	0.0
11	⁽¹⁾	QT Group Oyj		1,277	0.0
5,170	⁽¹⁾	Rapala VMC Oyj		47,457	0.0
592		Relais Group Oyj		15,264	0.0
15,675		TietoEVRY Oyj		466,431	0.2
1,047		Titanium Oyj		17,697	0.0
899		Tokmanni Group Corp.		18,811	0.0
1,217		Vaisala OYJ		64,807	0.1
24,451		Valmet OYJ		933,885	0.4
4,008		Vincit Oyj		33,413	0.0
				2,886,328	1.3

		France: 6.8%
1,832		AKWEL		45,279	0.0
519		Alten Ltd.		84,652	0.1
4,032		Arkema SA		596,201	0.3
1,451		Boiron SA		65,971	0.0
5,282		CBO Territoria		21,778	0.0
678	⁽¹⁾	Cegedim SA		16,940	0.0
21,966		Coface SA		290,607	0.1
21,413	⁽¹⁾	Criteo SA ADR		723,759	0.4
304		Delta Plus Group		29,266	0.0
6,486		Edenred		278,588	0.1
8,198		Eiffage SA		861,385	0.4
26,409	⁽¹⁾	Elis SA		482,428	0.2
4,672	⁽¹⁾	Eramet SLN		484,247	0.2
223		Esker SA		60,304	0.0
26,391	⁽¹⁾	Etablissements Maurel et Prom		78,445	0.0
699	⁽¹⁾	Eurobio Scientific SA		16,725	0.0
16,762		Faurecia SE		727,448	0.3
314		Fountaine Pajot SA		48,540	0.0
121		Groupe Crit		8,836	0.0
612	⁽²⁾	Groupe LDLC		28,535	0.0
16,767		Groupe SFPI		57,452	0.0
941		Guerbet		35,204	0.0
7,995	⁽¹⁾	Haulotte Group		46,499	0.0
1,118		Infotel SA		66,569	0.1
11,242		Ipsen SA		1,093,849	0.5
8,498		Jacquet Metals SACA		209,211	0.1
30,263		Klepierre SA		804,939	0.4
13,776		Korian SA		302,010	0.2
8,264	⁽³⁾	La Francaise des Jeux SAEM		342,158	0.2
1,827		Manitou BF SA		67,939	0.1
183	⁽¹⁾	Manutan International		16,118	0.0
698		Neurones		26,662	0.0
7,261		Nexans SA		656,131	0.3
12,393		Nexity SA		518,914	0.2
1,378		Piscines Desjoyaux SA		44,082	0.0
20,022		Publicis Groupe		1,356,702	0.6
78,202		Rexel SA		1,743,083	0.8
435		Savencia SA		31,374	0.0
2,029	⁽¹⁾	Serge Ferrari SAS		34,333	0.0
4,568	⁽¹⁾	SOITEC		833,967	0.4
3,282		Sopra Steria Group SACA		577,015	0.3
249		Stef SA		29,037	0.0
1,286		Synergie SE		48,760	0.0
1,757		Trigano SA		332,885	0.2
3,437	⁽¹⁾	Umanis SA		53,353	0.0
52,435	⁽¹⁾	Vallourec SA		466,431	0.2
566		Vetoquinol SA		83,115	0.1
157		Virbac SA		63,160	0.0
583		Wendel SE		63,323	0.0
				14,954,209	6.8

		Germany: 7.3%
440		Adesso SE		90,849	0.0
665		Atoss Software AG		133,331	0.1
5,583		Aurubis AG		581,987	0.3
262		Basler AG		35,198	0.0
10,144		Bechtle AG		609,067	0.3
9,547		Carl Zeiss Meditec AG		1,535,343	0.7
2,228		Cewe Stiftung & Co. KGAA		273,790	0.1
670	⁽¹⁾	Datagroup SE		65,154	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Germany: (continued)
5,202		Dermapharm Holding SE	$	420,675	0.2
46,897	⁽³⁾	Deutsche Pfandbriefbank AG		578,703	0.3
2,358	⁽¹⁾	Deutsche Rohstoff AG		61,531	0.0
11,186	⁽³⁾	DWS Group GmbH & Co. KGaA		450,278	0.2
1,396		Eckert & Ziegler Strahlen- und Medizintechnik AG		121,693	0.1
25,935	⁽¹⁾	ElringKlinger AG		308,560	0.1
4,836	⁽¹⁾	Ernst Russ AG		33,257	0.0
23,716		Freenet AG		645,915	0.3
47,085		GEA Group AG		2,224,525	1.0
6,133		Gerresheimer AG		550,376	0.3
2,443		GFT Technologies AG		121,082	0.1
4,270	⁽¹⁾	H&R GmbH & Co. KGaA		35,595	0.0
4,697		Hamborner REIT AG		51,668	0.0
1,094		Hawesko Holding AG		65,710	0.0
54,546	⁽¹⁾	Heidelberger Druckmaschinen AG		171,141	0.1
3,207		Hornbach Holding AG & Co. KGaA		491,306	0.2
6,432		Hugo Boss AG		407,456	0.2
4,071		IVU Traffic Technologies AG		92,209	0.0
10,323	⁽¹⁾	K+S AG		197,081	0.1
5,773	⁽¹⁾	Kloeckner & Co. SE		65,201	0.0
2,290	⁽¹⁾	Koenig & Bauer AG		71,405	0.0
1,156		Krones AG		114,801	0.1
8,371		LANXESS AG		509,667	0.2
10,331		Nemetschek SE		954,911	0.4
103		New Work SE		22,718	0.0
1,084		NORMA Group		39,368	0.0
39		Paul Hartmann AG		14,678	0.0
471		Pfeiffer Vacuum Technology AG		92,750	0.0
36,482		ProSiebenSat.1 Media SE		570,610	0.3
2,168		PSI Software AG		95,493	0.1
6,201		Rheinmetall AG		648,310	0.3
9,479	⁽¹⁾	Salzgitter AG		324,298	0.2
2,020	⁽¹⁾	Sixt SE		328,384	0.2
492		Stemmer Imaging AG		20,362	0.0
420		Stratec SE		56,851	0.0
10,951	⁽¹⁾	SUESS MicroTec SE		236,166	0.1
148		Surteco SE		5,442	0.0
24,715		TAG Immobilien AG		652,678	0.3
637		Technotrans AG		18,928	0.0
11,948		United Internet AG		468,558	0.2
737		USU Software AG		20,034	0.0
620		VIB Vermoegen AG		35,600	0.0
2,837		Wacker Chemie AG		414,030	0.2
				16,134,723	7.3

		Greece: 0.2%
3,486		European Reliance General Insurance Co. SA		23,028	0.0
70,293	⁽¹⁾	National Bank of Greece SA		276,661	0.1
7,911		Thrace Plastics Holding and Co.		56,010	0.1
				355,699	0.2

		Guernsey: 0.2%
234,647		BMO Commercial Property Trust Ltd.		361,651	0.2

		Hong Kong: 2.2%
106,000		Analogue Holdings Ltd.		24,077	0.0
119,300		ASM Pacific Technology Ltd.		1,193,592	0.5
275,524		Build King Holdings Ltd.		32,163	0.0
444,000		China Merchants Land Ltd.		46,284	0.0
80,000		Computer & Technologies Holdings Ltd.		28,318	0.0
1,703		Computime Group Ltd.		199	0.0
14,000		Fairwood Holdings Ltd.		27,975	0.0
771,406		Fountain SET Hldgs		135,622	0.1
66,000		FSE Services Group Ltd.		49,349	0.1
166,000		Gemdale Properties & Investment Corp. Ltd.		18,535	0.0
34,303		GDH Guangnan Holdings Ltd.		3,036	0.0
252,829		Guotai Junan International Holdings Ltd.		34,254	0.0
83,321		Hanison Construction Holdings Ltd.		13,571	0.0
103,200		HKR International Ltd.		41,453	0.0
232,000	⁽¹⁾	Hop Fung Group Holdings Ltd.		7,439	0.0
113,000		Hysan Development Co., Ltd.		346,375	0.2
14,500		Johnson Electric Holdings Ltd.		24,663	0.0
436,726		K Wah International Holdings Ltd.		170,986	0.1
59,500		Lee's Pharmaceutical Holdings Ltd.		22,956	0.0
187,500		LK Technology Holdings Ltd.		286,937	0.1
35,818		Luk Fook Holdings International Ltd.		94,408	0.1
35,701		Lung Kee Bermuda Holdings		17,766	0.0
244,000	⁽¹⁾	Midland Holdings Ltd.		29,229	0.0
10,377		Million Hope Industries Holdings Ltd.		1,078	0.0
278,000	^(1),(4)	Pacific Andes International Holdings Ltd.		–	–
1,937,991		Pacific Basin Shipping Ltd.		827,243	0.4
415,000		PAX Global Technology Ltd.		300,592	0.1
118,000		Pico Far East Holdings Ltd.		19,585	0.0
96,000		Plover Bay Technologies Ltd.		45,664	0.0
20,146	⁽¹⁾	Renaissance Asia Silk Road Group Ltd.		1,279	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Hong Kong: (continued)
23,000	⁽¹⁾	Rich Goldman Holdings Ltd.	$	221	0.0
94,851		Road King Infrastructure		90,016	0.1
87,913	^(1),(4)	S&C Engine Group Ltd.		–	–
1,298,000		Singamas Container Holdings Ltd.		192,944	0.1
8,613		Soundwill Holdings Ltd.		8,223	0.0
294,476		Sun Hung Kai & Co. Ltd.		158,000	0.1
321,180		Tang Palace China Holdings Ltd.		31,306	0.0
320,000		Texwinca Holdings Ltd.		62,269	0.0
4,520,000	⁽¹⁾	Tongda Group Holdings Ltd.		118,276	0.1
418,000		United Laboratories International Holdings Ltd.		237,730	0.1
212,000		Vedan International Holdings Ltd.		18,489	0.0
30,144		Wai Kee Holdings Ltd.		14,993	0.0
				4,777,095	2.2

		India: 0.3%
25,620	^(1),(4)	Geodesic Ltd.		–	–
20,672		GHCL Ltd.		121,480	0.1
39,156		Grauer & Weil India Ltd.		31,929	0.0
1,221		Greenlam Industries Ltd.		30,377	0.0
109,687		Gujarat State Fertilisers & Chemicals, Ltd.		190,834	0.1
4,141		Gulshan Polyols Ltd.		21,891	0.0
444		Hawkins Cookers Ltd.		35,632	0.0
3,773		I G Petrochemicals Ltd.		37,781	0.0
2,082	⁽¹⁾	Intellect Design Arena Ltd.		21,629	0.0
4,037		LG Balakrishnan & Bros Ltd.		36,907	0.0
11,323		Orient Cement Ltd.		25,684	0.0
18,642		Redington India Ltd.		40,788	0.0
5,137		Sarda Energy & Minerals Ltd.		57,144	0.1
21,379	^(1),(4)	Varun Industries Ltd.		–	–
1,464		WPIL Ltd.		18,446	0.0
				670,522	0.3

		Indonesia: 0.1%
1,196,400		Adaro Energy Tbk PT		187,334	0.1

		Ireland: 0.7%
107,236	⁽¹⁾	Bank of Ireland Group PLC		722,753	0.3
87,846	⁽¹⁾	Dalata Hotel Group PLC - DHGI		418,446	0.2
24,265		Glanbia Plc		333,281	0.2
				1,474,480	0.7

		Israel: 3.1%
4,853		AudioCodes Ltd.		143,746	0.1
14,632	⁽¹⁾	Azorim-Investment Development & Construction Co. Ltd.		90,182	0.0
195,653	⁽¹⁾	Bezeq Israeli Telecommunication Corp., Ltd.		336,804	0.2
22,482	^(1),(2)	Camtek Ltd./Israel		835,656	0.4
1,649		Delta Galil Industries Ltd.		103,147	0.1
177		Duniec Brothers Ltd.		12,957	0.0
11,228		Electra Real Estate Ltd.		245,874	0.1
2,648		First International Bank Of Israel Ltd.		110,246	0.1
635		Fox Wizel Ltd.		123,379	0.1
7,286		Gav-Yam Lands Corp. Ltd.		92,674	0.0
4,079		Hamat Group Ltd.		37,858	0.0
668		IES Holdings Ltd.		70,717	0.0
1,262		Ilex Medical Ltd.		67,639	0.0
31,564	⁽¹⁾	Inmode Ltd.		1,522,332	0.7
31,264		Isracard Ltd.		173,271	0.1
343,326	⁽²⁾	Isramco Negev 2 L.P.		94,422	0.1
854		Ituran Location and Control Ltd.		20,547	0.0
2,202	⁽²⁾	Kerur Holdings Ltd.		62,322	0.0
926		Levinstein Properties Ltd.		39,790	0.0
1,723		Menora Mivtachim Holdings Ltd.		42,352	0.0
1,735	⁽¹⁾	Neto Malinda Trading Ltd.		69,763	0.0
367		Neto ME Holdings Ltd.		21,667	0.0
145,388	⁽¹⁾	Oil Refineries Ltd.		48,056	0.0
30,533	⁽¹⁾	Perion Network Ltd.		625,926	0.3
15,975		Phoenix Holdings Ltd./The		190,727	0.1
11,292	⁽¹⁾	RADWARE Ltd.		379,750	0.2
50,500		Sarine Technologies Ltd.		21,023	0.0
1,149	⁽¹⁾	Silicom Ltd.		51,625	0.0
1,757	⁽¹⁾	Taro Pharmaceuticals Industries, Ltd.		82,263	0.0
446		Telsys Ltd.		23,135	0.0
14,276		Tiv Taam Holdings 1 Ltd.		49,032	0.0
964		YH Dimri Construction & Development Ltd.		100,659	0.1
14,076		ZIM Integrated Shipping Services Ltd.		939,151	0.4
				6,828,692	3.1

		Italy: 1.9%
4,089		ACEA SpA		82,640	0.0
15,683	⁽¹⁾	Aeffe SpA		44,048	0.0
2,706	⁽¹⁾	Aquafil SpA		22,664	0.0
18,469	⁽¹⁾	Arnoldo Mondadori Editore SpA		42,533	0.0
6,083		Banca IFIS SpA		122,081	0.1
48,853		Banca Mediolanum SpA		474,893	0.2
16,204		Be Shaping the Future SpA		45,986	0.0
20,795		Buzzi Unicem SpA		434,219	0.2
3,190		Danieli & C Officine Meccaniche SpA		57,142	0.0
4,899		Datalogic SpA		76,534	0.0
9,506		De'Longhi SpA		327,590	0.2
6,704		El.En. SpA		108,211	0.1
26,705	⁽¹⁾	Elica SpA		102,155	0.1
17,529		Emak SpA		39,147	0.0
5,547		Interpump Group SpA		342,545	0.2
138,856		Iren SpA		417,733	0.2
5,471	⁽¹⁾	Italian Sea Group SPA/The		41,135	0.0
41,120	⁽²⁾	Maire Tecnimont SpA		196,382	0.1

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Italy: (continued)
7,459		Orsero SpA	$	94,404	0.1
943		Pharmanutra SpA		69,921	0.0
1,871	⁽¹⁾	Prima Industrie SpA		39,773	0.0
4,603		Reply SpA		773,533	0.4
24,809		Rizzoli Corriere Della Sera Mediagroup SpA		24,109	0.0
1,382		Sabaf SpA		38,408	0.0
7,403	⁽¹⁾	Servizi Italia SpA		16,671	0.0
343		Sesa SpA		62,037	0.0
42,172	⁽¹⁾	Sogefi S.p.A.		56,977	0.0
729	⁽¹⁾	Somec SpA		29,811	0.0
				4,183,282	1.9

		Japan: 16.9%
63,500		AEON Financial Service Co., Ltd.		666,457	0.3
786		Aichi Tokei Denki Co., Ltd.		12,550	0.0
1,000		Aiphone Co., Ltd.		18,979	0.0
2,900		Aisan Industry Co., Ltd.		17,427	0.0
2,900		Akatsuki, Inc.		67,616	0.0
500		Arata Corp.		17,466	0.0
900		Asahi Co., Ltd.		10,997	0.0
17,700		Asahi Diamond Industrial Co., Ltd.		93,838	0.1
3,700		Asia Pile Holdings Corp.		14,236	0.0
1,400		ASKA Pharmaceutical Holdings Co. Ltd.		12,007	0.0
23,800		ASKUL Corp.		290,472	0.1
5,900		Ateam, Inc.		37,284	0.0
1,700		Avant Corp.		15,077	0.0
6,000		Bando Chemical Industries Ltd.		45,619	0.0
3,800		BayCurrent Consulting, Inc.		1,442,172	0.7
3,700		BML, Inc.		112,456	0.1
2,200		Business Engineering Corp.		66,539	0.0
1,900		Central Glass Co., Ltd.		35,251	0.0
1,100		Chino Corp.		15,769	0.0
12,700		Citizen Watch Co., Ltd.		54,361	0.0
23,400		CKD Corp.		431,974	0.2
3,400		CMC Corp.		36,567	0.0
1,700		CONEXIO Corp.		20,520	0.0
1,400		Contec Co. Ltd.		22,438	0.0
1,800		Core Corp.		23,916	0.0
2,500		Corona Corp.		19,320	0.0
6,200		Cosmos Initia Co. Ltd.		23,083	0.0
2,700		Daihatsu Diesel Manufacturing Co., Ltd.		12,623	0.0
10,300		Daihen Corp.		368,095	0.2
500		Daiichi Jitsugyo Co., Ltd.		18,236	0.0
3,500		Dai-ichi Seiko Co. Ltd.		52,547	0.0
15,000		Daikoku Denki Co., Ltd.		157,889	0.1
5,715		Daitron Co., Ltd.		99,119	0.1
13,900		Denka Co., Ltd.		489,534	0.2
1,000		Densan System Holdings Co. Ltd.		22,650	0.0
2,300		Dexerials Corp.		63,245	0.0
5,400		Digital Hearts Holdings Co., Ltd.		81,356	0.1
1,900		DMS, Inc.		21,208	0.0
9,900		Doshisha Co., Ltd.		131,100	0.1
22,382		DTS Corp.		477,612	0.2
53,000		Eiken Chemical Co., Ltd.		794,468	0.4
1,500		Elematec Corp.		13,628	0.0
8,500		en Japan, Inc.		204,868	0.1
2,700		Enomoto Co. Ltd.		40,796	0.0
1,200		Enplas Corp.		30,436	0.0
10,100		Exedy Corp.		148,259	0.1
4,960		FIDEA Holdings Co., Ltd.		60,248	0.0
21,400		Fields Corp.		91,279	0.1
8,900		First Bank of Toyama Ltd./The		24,202	0.0
1,200		Foster Electric Co., Ltd.		7,730	0.0
2,100		Freund Corp.		13,584	0.0
1,700		Fudo Tetra Corp.		23,873	0.0
24,100		Fuji Corp.		556,301	0.3
1,400		Fuji Pharma Co. Ltd.		12,124	0.0
6,600		Fuji Soft, Inc.		276,506	0.1
7,900		Fujikura Kasei Co., Ltd.		33,045	0.0
69,400	⁽¹⁾	Fujikura Ltd.		375,258	0.2
24,100		Fullcast Co., Ltd.		453,460	0.2
1,000		Fuso Pharmaceutical Industries Ltd.		18,344	0.0
2,300		Gecoss Corp.		16,059	0.0
5,600		Grandy House Corp.		24,254	0.0
40,600	⁽¹⁾	GungHo Online Entertainment, Inc.		852,574	0.4
1,400		Hanwa Co., Ltd.		38,447	0.0
2,200		Himaraya Co. Ltd.		18,887	0.0
1,200		Hito Communications Holdings, Inc.		21,645	0.0
4,700		Ichiyoshi Securities Co., Ltd.		27,614	0.0
6,400	⁽¹⁾	IMAGICA GROUP, Inc.		33,483	0.0
23,600		Infocom Corp.		376,077	0.2
40,700		INFRONEER Holdings, Inc.		375,044	0.2
24,800		Internet Initiative Japan, Inc.		821,329	0.4
864		Invincible Investment Corp.		272,169	0.1
1,100		IR Japan Holdings Ltd.		48,987	0.0
3,000		Iseki & Co., Ltd.		34,794	0.0
14,800		Itoki Corp.		44,389	0.0
39,000		Astena Holdings Co. Ltd.		131,372	0.1
4,200		Iwaki Co. Ltd.		36,748	0.0
2,100		JAC Recruitment Co. Ltd.		36,511	0.0
800		Japan Living Warranty, Inc.		13,041	0.0
5,000		Japan Petroleum Exploration Co., Ltd.		119,500	0.1
3,400		JBCC Holdings, Inc.		47,658	0.0
2,000		JFE Systems, Inc.		36,421	0.0
4,100		Jimoto Holdings, Inc.		23,746	0.0
2,100		JINUSHI Co. Ltd.		31,268	0.0
2,200		Joshin Denki Co., Ltd.		40,093	0.0
7,400		JP-Holdings, Inc.		15,085	0.0
2,800		JSP Corp.		39,302	0.0
400		JUTEC Holdings Corp.		4,132	0.0
243		Kamei Corp.		2,122	0.0
12,900		Kanamoto Co., Ltd.		250,834	0.1
11,800		Kaneka Corp.		384,384	0.2

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Japan: (continued)
600		Kawasaki Kinkai Kisen Kaisha Ltd.	$	19,851	0.0
58		Kenedix Office Investment Corp.		352,165	0.2
1,200		KFC Ltd.		18,573	0.0
1,130		Kimura Unity Co., Ltd.		13,119	0.0
2,400		King Jim Co., Ltd.		18,444	0.0
19,100		Kintetsu World Express, Inc.		475,180	0.2
1,800		Kita-Nippon Bank Ltd.		25,832	0.0
7,900		Kitz Corp.		45,928	0.0
9,200		Koa Corp.		117,096	0.1
22,800		Kojima Co., Ltd.		104,709	0.1
18,300		Komeri Co., Ltd.		426,674	0.2
4,500		Komori Corp.		26,988	0.0
84,200		Konica Minolta, Inc.		354,938	0.2
2,300		Konoike Transport Co. Ltd.		23,563	0.0
1,700		KSK Co. Ltd./Inagi		33,716	0.0
13,700		Kumagai Gumi Co., Ltd.		349,209	0.2
3,100		Kuriyama Holdings Corp.		26,274	0.0
3,700		KYORIN Holdings, Inc.		58,775	0.0
2,200		Kyowa Electronics Instruments Co. Ltd.		7,251	0.0
1,000		Macnica Fuji Electronics Holdings, Inc.		22,125	0.0
3,400		Makino Milling Machine Co., Ltd.		117,454	0.1
1,600		Makiya Co. Ltd.		9,663	0.0
3,300		MARUKA FURUSATO Corp.		60,907	0.0
2,600		Marvelous, Inc.		16,848	0.0
2,700		Matching Service Japan Co. Ltd.		20,234	0.0
6,900		Megachips Corp.		251,537	0.1
6,100		Meiwa Estate Co., Ltd.		32,160	0.0
3,400		Melco Holdings, Inc.		107,859	0.1
4,500		MIMAKI ENGINEERING CO Ltd.		31,198	0.0
68,100		H.U. Group Holdings, Inc.		1,729,597	0.8
1,800		Miraial Co. Ltd.		24,237	0.0
6,500		Mito Securities Co., Ltd.		15,862	0.0
1,100		Mitsubishi Research Institute, Inc.		35,776	0.0
7,700		Morinaga Milk Industry Co., Ltd.		373,312	0.2
800		Morishita Jintan Co. Ltd.		13,203	0.0
13,900		MRK Holdings, Inc.		14,645	0.0
7,000		Mugen Estate Co. Ltd.		29,579	0.0
1,900		Mutoh Holdings Co., Ltd.		33,549	0.0
4,400	⁽¹⁾	Mynet, Inc.		18,659	0.0
1,100		Nadex Co., Ltd.		6,903	0.0
2,900		Nafco Co., Ltd.		42,351	0.0
3,300		Nakabayashi Co. Ltd.		14,713	0.0
10,287		Nakano Corp.		29,990	0.0
1,200		Nanyo Corp.		20,021	0.0
32,500		NEC Networks & System Integration Corp.		468,984	0.2
2,400		Ngi Group, Inc.		40,195	0.0
1,200		Nice Holdings, Inc.		18,344	0.0
1,600		Nichiban Co. Ltd.		24,579	0.0
3,700		Nichiha Corp.		91,470	0.1
2,000		Nihon Denkei Co. Ltd.		22,776	0.0
1,600		Nihon Falcom Corp.		18,929	0.0
7,200		Nihon Kohden Corp.		190,966	0.1
66		Nippon Accommodations Fund, Inc.		356,726	0.2
2,900		Nippon BS Broadcasting Corp.		27,672	0.0
187		Nippon Chemiphar Co., Ltd.		3,252	0.0
1,900		Nippon Concept Corp.		21,569	0.0
25,900		Nippon Electric Glass Co., Ltd.		646,991	0.3
63,800		Nippon Suisan Kaisha Ltd.		298,927	0.2
2,100		Nippon Systemware Co., Ltd.		36,734	0.0
124,878	⁽¹⁾	Niraku GC Holdings, Inc.		4,004	0.0
54,818		Nissan Tokyo Sales Holdings Co., Ltd.		107,715	0.1
4,300		Nissha Co., Ltd.		54,745	0.0
8,531		Nisshin Group Holdings Co. Ltd.		36,597	0.0
26,700		Nisshinbo Holdings, Inc.		222,420	0.1
4,100		Nisso Corp.		28,188	0.0
2,600		Nissui Pharmaceutical Co., Ltd.		22,484	0.0
1,500		Nitta Corp.		36,757	0.0
3,400		NJS Co. Ltd.		58,593	0.0
1,700		Noritz Corp.		25,000	0.0
128,100		North Pacific Bank Ltd.		279,919	0.1
1,200		Ochi Holdings Co. Ltd.		13,842	0.0
8,400		Oki Electric Industry Ltd.		64,255	0.0
15,100		Open House Group Co. Ltd.		781,776	0.4
10,900	⁽¹⁾	OPT Holding, Inc.		123,027	0.1
2,700		Optex Group Co., Ltd.		35,993	0.0
1,000		Origin Co. Ltd.		10,826	0.0
20,500		Outsourcing, Inc.		237,474	0.1
2,800		Oyo Corp.		51,519	0.0
16,000		Parker Corp.		72,028	0.0
1,800		Pasco Corp.		20,513	0.0
5,700		Pegasus Sewing Machine Manufacturing Co., Ltd.		25,884	0.0
100		Pronexus, Inc.		955	0.0
6,100		Punch Industry Co. Ltd.		26,276	0.0
11,000		Relia, Inc.		92,974	0.1
64,000		Rengo Co., Ltd.		477,578	0.2
21,300		Resorttrust, Inc.		341,006	0.2
900		Rhythm Co. Ltd.		10,213	0.0
1,700		Riken Corp.		38,657	0.0
6,200		Riken Technos Corp.		25,542	0.0
1,000		Saison Information Systems Co. Ltd.		17,106	0.0
12,700		Saizeriya Co., Ltd.		293,678	0.2
2,000		Sakai Chemical Industry Co. Ltd.		36,312	0.0
1,400		San Holdings, Inc.		18,294	0.0
1,800		Sanken Electric Co., Ltd.		78,475	0.1
1,519		Sankyo Frontier Co. Ltd.		67,287	0.0
8,600		Sankyu, Inc.		311,129	0.2

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Japan: (continued)
12,800		Sansha Electric Manufacturing Co. Ltd.	$	93,145	0.1
34,300		Sanwa Holdings Corp.		371,437	0.2
1,300		Sanyo Denki Co. Ltd.		60,614	0.0
4,300		Sanyo Trading Co. Ltd.		37,259	0.0
8,700		Sawai Group Holdings Co. Ltd.		329,310	0.2
3,100		Saxa Holdings, Inc.		35,050	0.0
3,700		Screen Holdings Co. Ltd.		371,317	0.2
3,600		Seed Co. Ltd./Tokyo		16,233	0.0
1,800		Sekisui Jushi Corp.		31,801	0.0
14,300		SERAKU Co. Ltd.		148,627	0.1
2,000		Shibaura Electronics Co. Ltd.		116,723	0.1
2,600		Shibaura Mechatronics Corp.		193,085	0.1
35,600		Shinko Electric Industries		1,638,252	0.8
3,800		Shinoken Group Co. Ltd.		32,505	0.0
17,600		Ship Healthcare Holdings, Inc.		395,029	0.2
2,500		SIGMAXYZ Holdings, Inc.		47,708	0.0
3,700		Sinfonia Technology Co. Ltd.		38,988	0.0
1,700		SK-Electronics Co., Ltd.		13,908	0.0
900		SMK Corp.		16,831	0.0
1,800		SMS Co. Ltd.		49,487	0.0
8,100		Softcreate Holdings Corp.		257,412	0.1
7,169		Soken Chemical & Engineering Co. Ltd.		101,589	0.1
4,600		Soliton Systems KK		51,245	0.0
2,400		Space Co. Ltd.		18,267	0.0
4,400		SPK Corp.		49,765	0.0
5,400		Sprix Ltd.		68,080	0.0
5,600		Star Mica Holdings Co. Ltd.		67,735	0.0
11,500		Starts Corp., Inc.		250,384	0.1
3,900		St-Care Holding Corp.		25,780	0.0
25,700		Sumitomo Forestry Co., Ltd.		452,464	0.2
2,800		Sumitomo Heavy Industries		73,535	0.1
5,700		Sumitomo Rubber Industries, Inc.		59,313	0.0
5,300		Sun Frontier Fudousan Co., Ltd.		48,107	0.0
12,100		Food & Life Cos Ltd.		362,541	0.2
1,600		Suzuden Corp.		26,568	0.0
7,800		Suzuken Co., Ltd.		231,508	0.1
900		T RAD Co., Ltd.		21,032	0.0
2,690		Tachikawa Corp.		24,976	0.0
11,100		Taiyo Yuden Co., Ltd.		539,140	0.3
63,400		Takara Leben Co., Ltd.		172,759	0.1
1,500		Takasago International Corp.		36,780	0.0
16,600		Takeuchi Manufacturing Co. Ltd.		414,910	0.2
2,400		Tanabe Consulting Co. Ltd.		13,374	0.0
10,900		Tanseisha Co., Ltd.		68,425	0.0
800		Techno Medica Co. Ltd.		11,109	0.0
13,900		TOA Road Corp.		604,489	0.3
22,900		Tochigi Bank Ltd.		44,462	0.0
2,700		Togami Electric Manufacturing Co. Ltd.		40,814	0.0
1,100		Toho Holdings Co., Ltd.		17,200	0.0
3,800		Tokai Rika Co., Ltd.		49,504	0.0
2,100		Tokyo Keiki, Inc.		18,517	0.0
9,900		Tokyo Seimitsu Co., Ltd.		419,922	0.2
7,000		Tokyotokeiba Co., Ltd.		256,609	0.1
15,300		TOMONY Holdings, Inc.		43,387	0.0
6,900		Tomy Co., Ltd.		67,362	0.0
1,800		Tonami Holdings Co., Ltd.		58,558	0.0
14,200		Topcon Corp.		192,732	0.1
800		Torex Semiconductor Ltd.		18,743	0.0
5,200		Tosei Corp.		47,609	0.0
5,100		Towa Pharmaceutical Co., Ltd.		125,091	0.1
3,700		Toyo Denki Seizo - Toyo Electric Manufacturing Co. Ltd.		31,751	0.0
34,900		Toyo Tire & Rubber Co., Ltd.		493,458	0.2
2,500		TPR Co., Ltd.		31,678	0.0
6,600		Transcosmos, Inc.		168,209	0.1
1,800		Uchida Yoko Co., Ltd.		71,271	0.0
2,400		UNIRITA, Inc.		38,466	0.0
17,500		Ushio, Inc.		271,957	0.1
16,300		Valor Holdings Co., Ltd.		313,322	0.2
200	⁽¹⁾	Wantedly, Inc.		2,569	0.0
600		WDB coco Co. Ltd.		26,061	0.0
9,700		West Holdings Corp.		291,452	0.1
5,500		Will Group, Inc.		59,218	0.0
6,200		World Holdings Co. Ltd.		125,241	0.1
6,800		Yokohama Rubber Co., Ltd.		99,134	0.1
4,776		Yuasa Trading Co., Ltd.		120,866	0.1
3,400		Yushin Precision Equipment Co., Ltd.		20,822	0.0
1,700		Zaoh Co. Ltd.		27,258	0.0
11,000		Zenkoku Hosho Co. Ltd.		492,339	0.2
23,000		Zeon Corp.		266,893	0.1
				37,444,876	16.9

		Luxembourg: 0.1%
18,750		L'Occitane International SA		73,944	0.0
1,125		Stabilus SA		75,759	0.1
				149,703	0.1

		Malaysia: 0.1%
57,500		AFFIN Bank Bhd		24,538	0.0
10,900		Allianz Malaysia Bhd		32,865	0.0
64,900	⁽¹⁾	Ancom BHD		52,255	0.1
84,300		CSC Steel Holdings Bhd		26,183	0.0
47,000		Deleum Bhd		5,839	0.0
97,800	⁽¹⁾	KSL Holdings BHD		15,656	0.0
43,854		Kumpulan Fima BHD		22,003	0.0
210,000		Media Chinese International Ltd.		7,945	0.0
82,400		MKH Bhd		24,412	0.0
				211,696	0.1

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Malta: 0.2%
3,300	⁽¹⁾	Kambi Group PLC	$	85,555	0.0
28,018		Kindred Group PLC - SDR		325,498	0.2
				411,053	0.2

		Mauritius: 0.0%
21,280		Capital Ltd.		27,303	0.0

		Netherlands: 3.3%
23,539		Aegon NV		132,794	0.0
10,546	⁽¹⁾	AerCap Holdings NV		664,398	0.3
18,000		ASR Nederland NV		836,916	0.4
20,150		BE Semiconductor Industries NV		1,689,536	0.8
13,733		Brunel International NV		168,749	0.1
7,365		Eurocommercial Properties NV		178,103	0.1
4,345	⁽³⁾	Euronext NV		418,909	0.2
36,225	⁽¹⁾	Fugro NV		289,669	0.1
5,816		Kendrion NV		134,399	0.1
653		Nedap N.V.		45,484	0.0
16,106	⁽³⁾	Signify NV		853,113	0.4
25,757		Randstad NV		1,675,579	0.7
478,561	^(1),(2),(4)	SNS Reaal NV		–	–
3,505		TKH Group NV		202,251	0.1
3,201		Vastned Retail NV		89,603	0.0
				7,379,503	3.3

		New Zealand: 0.2%
5,726	^(1),(2)	Eroad Ltd.		17,294	0.0
6,859		Fletcher Building Ltd.		29,172	0.0
6,587		Fletcher Building Ltd.		27,834	0.0
40,245	⁽¹⁾	New Zealand Refining Co. Ltd./The		25,157	0.0
8,701		PGG Wrightson Ltd.		30,828	0.0
32,962		Skellerup Holdings Ltd.		127,965	0.1
61,716	⁽¹⁾	Sky Network Television Ltd.		98,131	0.1
51,600	⁽¹⁾	Tourism Holdings Ltd.		92,702	0.0
12,139		Warehouse Group Ltd.		23,962	0.0
				473,045	0.2

		Norway: 0.8%
32,008		ABG Sundal Collier ASA		30,950	0.0
12,899		American Shipping Co. ASA		47,642	0.0
91,967	⁽¹⁾	Awilco LNG AS		51,908	0.1
68,393		Belships ASA		103,607	0.0
170		Bouvet ASA		1,309	0.0
260,757		DNO ASA		382,864	0.2
1,039		Golden Ocean Group Ltd.		9,466	0.0
320		Medistim ASA		10,974	0.0
182,605	⁽¹⁾	MPC Container Ships AS		619,986	0.3
3,770		Protector Forsikring ASA		50,217	0.0
6,351		Selvaag Bolig ASA		37,380	0.0
1,938		Sparebank 1 Nord Norge		24,405	0.0
29,212		Sparebanken Vest		349,158	0.2
2,084		Wilh Wilhelmsen Holding ASA		50,612	0.0
				1,770,478	0.8

		Philippines: 0.0%
31,770		Ginebra San Miguel, Inc.		72,297	0.0

		Poland: 0.5%
26,752	⁽¹⁾	Alior Bank SA		369,724	0.2
1,647		Alumetal SA		23,167	0.0
400		Amica Wronki SA		10,586	0.0
2,061		Asseco South Eastern Europe SA		24,072	0.0
619		Budimex SA		35,116	0.0
31,188	⁽¹⁾	Jastrzebska Spolka Weglowa SA		304,884	0.2
3,244		KRUK SA		261,330	0.1
317	⁽²⁾	Stalprodukt SA		21,423	0.0
2,480		Tim SA/Siechnice		23,392	0.0
				1,073,694	0.5

		Portugal: 0.0%
12,251		CTT-Correios de Portugal SA		59,849	0.0

		Qatar: 0.0%
54,497		Doha Bank QPSC		43,870	0.0

		Singapore: 1.2%
3,802		Boustead Singapore Ltd.		2,730	0.0
43,400		China Aviation Oil Singapore Corp. Ltd.		30,037	0.0
169,134		China Sunsine Chemical Holdings Ltd.		58,216	0.1
61,500		CSE Global Ltd.		21,624	0.0
482,900		Frasers Logistics & Commercial Trust		491,278	0.2
102,900		Frencken Group Ltd.		126,028	0.1
508,000		Geo Energy Resources Ltd.		138,008	0.1
1,986		Grindrod Shipping Holdings Ltd.		31,399	0.0
9		Ho Bee Land Ltd.		19	0.0
26,200		Hour Glass Ltd./The		36,802	0.0
477,000		IGG, Inc.		298,461	0.1
114,100		Pacific Century Regional Developments Ltd.		34,206	0.0
78,480		Q&M Dental Group Singapore Ltd.		33,113	0.0
227,100		Raffles Medical Group Ltd.		215,173	0.1
480,100	⁽¹⁾	Rex International Holding Ltd.		120,387	0.1
157,600		Riverstone Holdings Ltd.		82,244	0.1
272,300		SembCorp Industries Ltd.		462,444	0.2
83,600		Sing Holdings Ltd.		23,515	0.0
13,300		Sing Investments & Finance Ltd.		14,888	0.0
78,392		Tai Sin Electric Ltd.		22,051	0.0
67,951		Tiong Woon Corp. Holding Ltd.		23,640	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Singapore: (continued)
294,575		UMS Holdings Ltd.	$	264,483	0.1
57,500		Wing Tai Holdings Ltd.		75,190	0.0
				2,605,936	1.2

		South Africa: 0.3%
46,167	⁽¹⁾	ArcelorMittal South Africa Ltd.		30,566	0.0
9,265		Exxaro Resources Ltd.		100,101	0.1
24,702		Metair Investments Ltd.		46,559	0.0
62,569		Sylvania Platinum Ltd.		79,857	0.0
74,139	⁽¹⁾	Thungela Resources Ltd.		441,115	0.2
70,588		Vukile Property Fund Ltd.		54,623	0.0
				752,821	0.3

		South Korea: 5.1%
7,124	⁽¹⁾	Actoz Soft Co. Ltd.		73,838	0.0
6,567		AfreecaTV Co. Ltd.		861,499	0.4
167		Asia Holdings Co., Ltd.		18,740	0.0
2,943	⁽¹⁾	Cosmax, Inc.		178,327	0.1
4,993		Coway Co. Ltd.		287,656	0.1
2,725		Cuckoo Holdings Co. Ltd.		39,364	0.0
33,171		Dae Hyun Co. Ltd.		55,969	0.0
14,163		Daewon San Up Co. Ltd.		73,136	0.0
30,921	⁽¹⁾	Daewoo Engineering & Construction Co., Ltd.		148,103	0.1
724		Dongil Industries Co. Ltd.		95,192	0.1
9,480		Dongkuk Industries Co. Ltd.		24,866	0.0
3,763		Doosan Corp.		308,104	0.2
8,077		Eusu Holdings Co. Ltd.		37,341	0.0
1,300		Fursys, Inc.		37,888	0.0
3,735		Hanwha Aerospace Co. Ltd.		151,413	0.1
6,033		Hanyang Securities Co. Ltd.		75,174	0.0
16,717		Hwaseung Corp. Co. Ltd.		26,936	0.0
3,114		HwaSung Industrial Co. Ltd.		38,001	0.0
1,422		Hyosung TNC Corp.		505,136	0.2
2,040		IDIS Holdings Co. Ltd.		21,786	0.0
7,694		IGIS Value Plus REIT Co. Ltd.		35,869	0.0
5,587		iMarketKorea, Inc.		45,333	0.0
5,550		JB Financial Group Co. Ltd.		37,856	0.0
1,538		KCC Corp.		498,241	0.2
3,015		Kolon Corp.		76,395	0.0
8,671	⁽¹⁾	Kolon Industries, Inc.		450,885	0.2
74,322		Korea Asset In Trust Co. Ltd.		222,915	0.1
11,037		Korea Real Estate Investment Trust Co.		21,653	0.0
531		KPX Chemical Co. Ltd.		22,364	0.0
3,470		LEADCORP, Inc./The		21,973	0.0
2,747		LEENO Industrial, Inc.		426,266	0.2
1,996		LF Corp.		26,321	0.0
1,783		LG Innotek Co. Ltd.		536,058	0.3
15,961	⁽¹⁾	Lock&Lock Co. Ltd.		135,172	0.1
5,571		Lotte Corp.		124,463	0.1
5,887		LOTTE Fine Chemical Co. Ltd.		338,449	0.2
6,621		LX International Corp.		135,780	0.1
4,168	⁽¹⁾	Maeil Dairies Co. Ltd.		235,631	0.1
3,175		Mando Corp.		107,676	0.1
145		Mi Chang Oil Industrial Co. Ltd.		8,793	0.0
15,626	⁽¹⁾	Neowiz		344,016	0.2
685		Nice Information & Telecommunication, Inc.		15,441	0.0
9,305	⁽⁴⁾	Osstem Implant Co. Ltd.		550,735	0.2
41,115		Partron Co. Ltd.		450,886	0.2
8,910		PHA Co. Ltd.		68,979	0.0
7,010	⁽¹⁾	PharmaResearch Co. Ltd.		447,562	0.2
613		Sam Jung Pulp Co. Ltd.		14,167	0.0
8,006		Sam Young Electronics Co. Ltd.		72,282	0.0
3,844	⁽¹⁾	Sambo Corrugated Board Co. Ltd.		44,879	0.0
27,208	⁽¹⁾	Samsung Engineering Co. Ltd.		497,869	0.2
9,193		Seah Besteel Corp.		116,980	0.1
298		SeAH Holdings Corp.		25,613	0.0
2,237		SeAH Special Steel Co. Ltd.		26,548	0.0
775		SeAH Steel Corp.		62,918	0.0
539		SeAH Steel Corp.		47,438	0.0
7,327		Seoul Semiconductor Co. Ltd.		92,587	0.1
1,354		Shinsegae Engineering & Construction Co. Ltd.		35,066	0.0
8,707		LX Semicon Co. Ltd.		998,314	0.5
10,720		SNT Dynamics Co., Ltd.		71,772	0.0
6,125		SNT Motiv Co. Ltd.		225,439	0.1
1,349		Soulbrain Co. Ltd./New		279,473	0.1
126		Taekwang Industrial Co. Ltd.		105,692	0.1
1,770	⁽¹⁾	Yonwoo Co. Ltd.		29,792	0.0
2,166		Yoosung Enterprise Co. Ltd.		4,983	0.0
5,482	⁽¹⁾	Youngone Corp.		213,542	0.1
				11,409,535	5.1

		Spain: 2.3%
3,781		Acciona SA		658,590	0.3
43,064		Acerinox S.A.		548,772	0.2
8,523		Almirall SA		109,701	0.1
37,492		Applus Services SA		329,380	0.1
10,305		Atlantica Yield plc		336,252	0.2
111,446		Bankinter S.A.		653,539	0.3
21,209		Cia de Distribucion Integral Logista Holdings SA		429,099	0.2
101,419		Faes Farma SA		390,353	0.2
10,987		Laboratorios Farmaceuticos Rovi SA		807,250	0.4
46,224		Merlin Properties Socimi SA		522,535	0.2
7,389		Naturhouse Health SAU		15,897	0.0
364		Pharma Mar SA		22,909	0.0
4,852		Viscofan SA		294,079	0.1
				5,118,356	2.3

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Sweden: 2.7%
11,393	⁽¹⁾	Annehem Fastigheter AB	$	42,763	0.0
40,524		Arjo AB		404,994	0.2
918		Beijer Alma AB		23,328	0.0
2,530		Bergman & Beving AB		36,162	0.0
3,530		BioGaia AB		191,921	0.1
6,188		Biotage AB		126,352	0.1
4,715		Bjorn Borg AB		22,881	0.0
5,180		Boule Diagnostics AB		27,776	0.0
674		BTS Group AB		25,227	0.0
5,373		Bufab AB		202,632	0.1
4,123		Byggmax Group AB		32,466	0.0
6,300	⁽¹⁾	Careium AB		18,580	0.0
17,299		Catella AB		76,433	0.0
13,905		Cibus Nordic Real Estate AB		382,977	0.2
2,928		Clas Ohlson AB		35,486	0.0
34,315	⁽³⁾	Dometic Group AB		380,119	0.2
6,300	⁽¹⁾	Doro AB		19,137	0.0
6,305		Ferronordic AB		181,231	0.1
1,912		FM Mattsson Mora Group AB		48,801	0.0
1,829		G5 Entertainment AB		61,075	0.0
16,394		Getinge AB		640,933	0.3
39,250		GHP Specialty Care AB		101,653	0.1
8,062		Hanza Holding AB		43,122	0.0
959		HMS Networks AB		50,085	0.0
13,206	⁽¹⁾	Humana AB		90,780	0.1
10,089		Inwido AB		176,550	0.1
8,193		Lindab International AB		237,853	0.1
4,676		Medicover AB		138,573	0.1
1,390	⁽¹⁾	Mekonomen AB		20,518	0.0
549		Micro Systemation AB		2,820	0.0
473		Nederman Holding AB		9,472	0.0
78,924	⁽¹⁾	Net Insight AB		45,639	0.0
9,039		Nilorngruppen AB		78,324	0.1
3,365	⁽¹⁾	Nimbus Group AB		25,080	0.0
651		Nordic Waterproofing Holding AB		13,563	0.0
2,084		OEM International AB		37,636	0.0
354		Probi AB		14,122	0.0
56,831		Ratos AB		298,319	0.1
5,165	⁽¹⁾	RaySearch Laboratories AB		25,563	0.0
10,346		Softronic AB		28,737	0.0
8,917		Svedbergs i Dalstorp AB		69,043	0.0
9,097		SwedenCare AB		103,763	0.1
3,596		Systemair AB		34,148	0.0
9,904		Tethys Oil AB		72,504	0.0
13,923	⁽¹⁾	Transtema Group AB		57,514	0.0
17,369		Trelleborg AB		437,332	0.2
832		VBG Group AB		15,557	0.0
3,002		Vitrolife AB		123,450	0.1
4,725		Volati AB		93,337	0.1
24,017		Wihlborgs Fastigheter AB		496,548	0.2
				5,922,879	2.7

		Switzerland: 4.1%
7,319		Adecco Group AG		348,628	0.2
2,577	⁽¹⁾	Ascom Holding AG		33,747	0.0
726		Bachem Holding AG		433,067	0.2
1,159		Bossard Holding AG		363,375	0.2
1,369		Bucher Industries AG		630,336	0.3
558		Burkhalter Holding AG		38,659	0.0
1,045		Calida Holding AG		55,778	0.0
21		Carlo Gavazzi Holding AG		6,411	0.0
3,558	⁽¹⁾	Cavotec SA		6,890	0.0
14,542		Coca-Cola HBC AG		481,640	0.2
1,491		Comet Holding AG		475,654	0.2
839	⁽¹⁾	Feintool International Holding AG		48,621	0.0
222		Forbo Holding AG		427,398	0.2
663		Huber & Suhner AG		60,361	0.0
9,813		Julius Baer Group Ltd.		641,276	0.3
7,152		Kudelski SA		24,745	0.0
353		Leonteq AG		25,376	0.0
3,053	^(1),(3)	Medmix AG		132,101	0.1
4,268	⁽¹⁾	Meier Tobler Group AG		81,063	0.1
17		Metall Zug AG		34,948	0.0
2,028	⁽¹⁾	Mikron Holding AG		15,845	0.0
8,174		Mobilezone Holding AG		127,738	0.1
47		Phoenix Mecano AG		20,187	0.0
5,129		PSP Swiss Property AG		621,912	0.3
361	⁽¹⁾	Rieter Holding AG		72,974	0.0
4,242		Sulzer AG		406,025	0.2
5,843		Swissquote Group Holding SA		993,990	0.4
3,143		Tecan Group AG		1,528,165	0.7
1,258		Varia US Properties AG		69,508	0.0
8,741		Vontobel Holding AG		724,468	0.3
170	⁽¹⁾	V-ZUG Holding AG		20,973	0.0
1,150		Ypsomed Holding AG		214,956	0.1
				9,166,815	4.1

		Taiwan: 1.0%
4,000		Acter Group Corp. Ltd.		31,876	0.0
147,000		Chien Kuo Construction Co. Ltd.		72,870	0.0
75,200		Coretronic Corp.		205,949	0.1
71,000		Everlight Electronics Co., Ltd.		140,808	0.1
28,000		Farglory Land Development Co. Ltd.		64,694	0.0
170,000		General Interface Solution Holding Ltd.		593,702	0.3
67,000		Generalplus Technology, Inc.		149,255	0.1
30,000		Global Mixed Mode Technology, Inc.		255,832	0.1
22,000		Kedge Construction Co. Ltd.		39,875	0.0
244,846		Kindom Construction Co.		315,714	0.2
12,000		Lumax International Corp., Ltd.		31,831	0.0
79,900		Medtecs International Corp. Ltd.		17,743	0.0
23,000		Nexcom International Co. Ltd.		20,624	0.0
50,000		Rechi Precision Co. Ltd.		32,687	0.0
52,000		Sigurd Microelectronics Corp.		107,762	0.1
29,000		Solteam, Inc.		86,205	0.0
23,100		Userjoy Technology Co. Ltd.		69,943	0.0
11,000		Winstek Semiconductor Co. Ltd.		11,803	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Taiwan: (continued)
8,000		X-Legend Entertainment Co. Ltd.	$	14,491	0.0
				2,263,664	1.0

		Thailand: 0.1%
98,900		Pruksa Holding PCL		43,240	0.0
105,400		Supalai PCL		71,963	0.0
186		Thai Rayon PCL - NVDR		296	0.0
24,900		Thai Stanley Electric PCL - NVDR		140,224	0.1
				255,723	0.1

		Ukraine: 0.0%
2,452		Astarta Holding NV		20,373	0.0

		United Arab Emirates: 0.1%
23,964		Commercial Bank of Dubai PSC		28,885	0.0
98,080	⁽¹⁾	Emaar Development PJSC		115,747	0.1
				144,632	0.1

		United Kingdom: 10.1%
117,739		888 Holdings PLC		406,414	0.2
3,244	^(1),(2)	accesso Technology Group PLC		33,117	0.0
9,372		Alumasc Group PLC/The		27,099	0.0
9,959		Animalcare Group PLC		46,477	0.0
537		Aptitude Software Group PLC		3,879	0.0
10,742		Belvoir Group PLC		37,851	0.0
34,020		Bovis Homes Group PLC		471,677	0.2
41,689		Brickability Group PLC		53,545	0.0
187,088	^(1),(2)	Capricorn Energy PLC		521,610	0.2
3,706	⁽¹⁾	Cazoo Group Ltd.		17,568	0.0
7,956		Cerillion PLC		84,303	0.0
2,399		Character Group PLC/The		20,165	0.0
9,389		Chemring Group PLC		34,782	0.0
1,319		Chesnara PLC		5,011	0.0
24,128		Close Brothers Group PLC		419,276	0.2
33,416		Computacenter PLC		1,203,277	0.5
3,539		Craneware PLC		90,432	0.1
9,217		Cranswick PLC		456,749	0.2
11,335		CVS Group PLC		300,620	0.2
2,897	⁽¹⁾	Eagle Eye Solutions Group PLC		23,377	0.0
25,901		EKF Diagnostics Holdings PLC		21,946	0.0
30,903		Electrocomponents PLC		467,897	0.2
4,019	⁽¹⁾	Endava PLC ADR		488,791	0.2
18,382		Endeavour Mining PLC		409,533	0.2
6,132	⁽¹⁾	Ergomed PLC		93,700	0.0
4,087		FDM Group Holdings PLC		59,777	0.0
14,872		Finsbury Food Group PLC		18,201	0.0
11,011	⁽¹⁾	Frasers Group PLC		109,377	0.1
23,928		Future PLC		1,020,562	0.5
85,471		Gem Diamonds Ltd.		55,061	0.1
10,283		Greggs PLC		372,936	0.2
11,233		Gulf Keystone Petroleum Ltd.		33,614	0.0
9,022		Halfords Group PLC		39,677	0.0
3,550		Hargreaves Services PLC		24,171	0.0
25,299		Hikma Pharmaceuticals PLC		710,729	0.3
13,828		Howden Joinery Group PLC		152,557	0.1
36,741		IG Group Holdings PLC		404,475	0.2
33,825		IMI PLC		755,745	0.3
14,376		Impact Healthcare Reit PLC		22,312	0.0
47,733		Inchcape PLC		544,310	0.3
89,261	⁽¹⁾	Indivior PLC		271,747	0.1
1,907	⁽¹⁾	Instem PLC		19,032	0.0
15,352		Intermediate Capital Group PLC		396,474	0.2
15,633		International Game Technology PLC		418,495	0.2
57,191		International Personal Finance PLC		96,761	0.1
102,043		Investec PLC - INP - ZAR		586,963	0.3
46,449		Investec PLC - INVP - GBP		265,182	0.1
5,133		Jarvis Securities PLC		18,708	0.0
350		Judges Scientific PLC		35,868	0.0
26,179	⁽¹⁾	Just Group PLC		30,464	0.0
3,215		Keystone Law Group PLC		37,464	0.0
4,046	⁽¹⁾	Kooth Plc		17,576	0.0
120,470		LondonMetric Property PLC		434,063	0.2
2,492		Luxfer Holdings PLC		42,563	0.0
24,278		Macfarlane Group PLC		41,141	0.0
86,541		Man Group PLC/Jersey		226,073	0.1
187,424	⁽¹⁾	Marks & Spencer Group PLC		554,664	0.3
62,676	⁽¹⁾	Mcbride PLC		42,146	0.0
70,182		Micro Focus International PLC		431,769	0.2
5,425		Morgan Sindall PLC		156,746	0.1
2,776		Next Fifteen Communications Group PLC		46,323	0.0
67,473		Ninety One PLC		235,391	0.1
18,017		Norcros PLC		74,521	0.0
13,291		Numis Corp. PLC		57,567	0.0
83,036		OSB Group PLC		616,871	0.3
24,875	⁽¹⁾	Oxford Biomedica PLC		283,832	0.1
693		Oxford Instruments Plc		20,520	0.0
30,578		Oxford Metrics PLC		45,648	0.0
40,963		Pagegroup PLC		323,226	0.2
26,072		Pan African Resources PLC		6,382	0.0
39,235	⁽¹⁾	Pendragon PLC		11,978	0.0
267,947	⁽¹⁾	PetroNor E&P Ltd.		28,319	0.0
86,569		Pets at Home Group Plc		497,142	0.2
15,419		Polar Capital Holdings PLC		131,168	0.1
6,407		Rathbone Brothers PLC		161,775	0.1
71,035		Redrow PLC		598,445	0.3
2,983		Robert Walters PLC		29,447	0.0
148,445		Royal Mail PLC		887,057	0.4

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		United Kingdom: (continued)
24,820		RPS Group PLC	$	37,552	0.0
51,689		Safestore Holdings PLC		886,228	0.4
11,748		Sanderson Design Group PLC		26,544	0.0
25,170		Savills PLC		458,667	0.2
262,914		Serco Group PLC		475,586	0.2
12,795		Serica Energy PLC		44,473	0.0
24,103		Severfield PLC		22,886	0.0
1,505		Solid State PLC		21,860	0.0
46,641		Speedy Hire PLC		36,114	0.0
116,696		Spirent Communications PLC		389,712	0.2
8,478		SThree PLC		53,832	0.0
5,460		Stolt-Nielsen Ltd.		98,868	0.0
32,300		Sureserve Group PLC		38,879	0.0
69,859		Synthomer PLC		344,893	0.2
41,126		Tate & Lyle PLC		393,380	0.2
20,599		Travis Perkins PLC		417,956	0.2
117,620		Tritax Big Box REIT Plc		377,283	0.2
1,875		Vp PLC		24,713	0.0
3,585		YouGov PLC		55,929	0.1
				22,447,466	10.1

		United States: 0.5%
2,660		Caesarstone Ltd.		32,798	0.0
1,227	⁽¹⁾	Civeo Corp.		26,466	0.0
15,100	⁽¹⁾	Hamilton Thorne Ltd.		23,758	0.0
37,530	⁽¹⁾	Nitro Software Ltd.		49,922	0.0
7,362	⁽¹⁾	Nova Ltd.		870,925	0.4
19,288	⁽¹⁾	Viemed Healthcare, Inc.		89,828	0.1
				1,093,697	0.5

	Total Common Stock
	(Cost $203,433,874)			215,227,718	97.2

EXCHANGE-TRADED FUNDS: 0.7%
30,287		Vanguard FTSE Developed Markets ETF		1,486,789	0.7

	Total Exchange-Traded Funds
	(Cost $1,529,324)			1,486,789	0.7

PREFERRED STOCK: 0.8%
		Brazil: 0.2%
181,700		Usinas Siderurgicas de Minas Gerais SA Usiminas		542,695	0.2

		Denmark: 0.1%
575		Brodrene A&O Johansen A/S		101,959	0.1

		Germany: 0.5%
7,874		Draegerwerk AG & Co. KGaA		457,430	0.2
490		Einhell Germany AG		113,400	0.1
2,777		Jungheinrich AG		118,748	0.1
130		KSB SE & Co. KGaA		53,746	0.0
39,645		Schaeffler AG		294,699	0.1
116		STO AG		29,112	0.0
1,593		Villeroy & Boch AG		42,772	0.0
				1,109,907	0.5

		South Africa: 0.0%
776		Absa Bank Ltd.		43,117	0.0

		Sweden: 0.0%
2,049		Aros Bostadsutveckling AB		21,754	0.0
12,677		NP3 Fastigheter AB		45,063	0.0
				66,817	0.0

	Total Preferred Stock
	(Cost $1,562,840)			1,864,495	0.8

RIGHTS: 0.0%
		United Kingdom: 0.0%
1,797	(1)	Impact Healthcare Reit PLC		54	0.0

	Total Rights
	(Cost $–)			54	0.0

	Total Long-Term Investments
	(Cost $206,526,038)			218,579,056	98.7

Principal Amount†			Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 1.9%
		Repurchase Agreements: 0.7%
544,970	⁽⁵⁾	Nomura Securities, Repurchase Agreement dated 01/31/22, 0.05%, due 02/01/22 (Repurchase Amount $544,971, collateralized by various U.S. Government/U.S. Government Agency Obligations, 1.375%-7.250%, Market Value plus accrued interest $555,869, due 08/15/22-08/15/61)		544,970	0.2
1,000,000	⁽⁵⁾	RBC Dominion Securities Inc., Repurchase Agreement dated 01/31/22, 0.05%, due 02/01/22 (Repurchase Amount $1,000,001, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $1,020,000, due 08/01/24-11/20/51)		1,000,000	0.5

	Total Repurchase Agreements
	(Cost $1,544,970)			1,544,970	0.7

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
		Mutual Funds: 1.2%
2,771,203	⁽⁶⁾	BlackRock Liquidity Funds, FedFund, Institutional Class, 0.030%
		(Cost $2,771,203)	$	2,771,203	1.2

	Total Short-Term Investments
	(Cost $4,316,173)			4,316,173	1.9

	Total Investments in Securities (Cost $210,842,211)		$	222,895,229	100.6
	Liabilities in Excess of Other Assets			(1,422,790)	(0.6)
	Net Assets		$	221,472,439	100.0

†	Unless otherwise indicated, principal amount is shown in USD.
ADR	American Depositary Receipt
(1)	Non-income producing security.
(2)	Security, or a portion of the security, is on loan.
(3)	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.
(4)	For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs.
(5)	All or a portion of the security represents securities purchased with cash collateral received for securities on loan.
(6)	Rate shown is the 7-day yield as of January 31, 2022.

Sector Diversification	Percentage of Net Assets
Industrials	21.5	%
Information Technology	14.1
Materials	12.0
Health Care	11.0
Consumer Discretionary	10.2
Financials	7.9
Real Estate	7.2
Energy	6.0
Communication Services	4.8
Consumer Staples	2.3
Utilities	1.0
Exchange-Traded Funds	0.7
Short-Term Investments	1.9
Liabilities in Excess of Other Assets	(0.6	)
Net Assets	100.0	%

Portfolio holdings are subject to change daily.

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of January 31, 2022 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 January 31, 2022
Asset Table
Investments, at fair value
Common Stock
Australia	$	642,675	$	18,156,662		$	–	$	18,799,337
Austria		53,473		715,389			–		768,862
Belgium		82,919		287,266			–		370,185
Canada		26,180,943		71,950			–		26,252,893
China		661,214		2,708,719			–		3,369,933
Denmark		30,172		2,503,057			–		2,533,229
Finland		158,184		2,728,144			–		2,886,328
France		1,227,307		13,726,902			–		14,954,209
Germany		69,201		16,065,522			–		16,134,723
Greece		23,028		332,671			–		355,699
Guernsey		361,651		–			–		361,651
Hong Kong		546,401		4,230,694			–		4,777,095
India		–		670,522			–		670,522
Indonesia		–		187,334			–		187,334
Ireland		418,446		1,056,034			–		1,474,480
Israel		4,694,848		2,133,844			–		6,828,692
Italy		270,044		3,913,238			–		4,183,282
Japan		458,438		36,986,438			–		37,444,876
Luxembourg		–		149,703			–		149,703
Malaysia		187,158		24,538			–		211,696
Malta		–		411,053			–		411,053
Mauritius		27,303		–			–		27,303
Netherlands		709,882		6,669,621			–		7,379,503
New Zealand		194,378		278,667			–		473,045
Norway		216,491		1,553,987			–		1,770,478
Philippines		72,297		–			–		72,297
Poland		68,869		1,004,825			–		1,073,694
Portugal		–		59,849			–		59,849
Qatar		43,870		–			–		43,870
Singapore		577,948		2,027,988			–		2,605,936
South Africa		667,632		85,189			–		752,821
South Korea		139,854		10,718,946			550,735		11,409,535
Spain		2,173,211		2,945,145			–		5,118,356
Sweden		865,681		5,057,198			–		5,922,879
Switzerland		736,229		8,430,586			–		9,166,815
Taiwan		17,743		2,245,921			–		2,263,664
Thailand		140,520		115,203			–		255,723
Ukraine		–		20,373			–		20,373
United Arab Emirates		–		144,632			–		144,632
United Kingdom		4,288,187		18,159,279			–		22,447,466
United States		1,043,775		49,922			–		1,093,697
Total Common Stock		48,049,972		166,627,011			550,735		215,227,718
Exchange-Traded Funds		1,486,789		–			–		1,486,789
Preferred Stock		817,484		1,047,011			–		1,864,495
Rights		–		54			–		54
Short-Term Investments		2,771,203		1,544,970			–		4,316,173
Total Investments, at fair value	$	53,125,448	$	169,219,046		$	550,735	$	222,895,229
Other Financial Instruments+
Forward Foreign Currency Contracts		–		9			–		9
Total Assets	$	53,125,448	$	169,219,055		$	550,735	$	222,895,238
Liabilities Table
Other Financial Instruments+
Forward Foreign Currency Contracts	$	–	$	(1,015	)	$	–	$	(1,015	)
Total Liabilities	$	–	$	(1,015	)	$	–	$	(1,015	)

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.

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.

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2022 (Unaudited) (Continued)

At January 31, 2022, the following forward foreign currency contracts were outstanding for Voya Multi-Manager International Small Cap Fund:

Currency Purchased	Currency Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
HKD 289,918	USD 37,221	Bank of America N.A.	02/04/22	$	(38	)
KRW 41,333,446	USD 34,285	The Bank of New York Mellon	02/03/22		3
USD 227,666	KRW 274,473,408	The Bank of New York Mellon	02/03/22		(18	)
USD 111,806	KRW 134,792,326	The Bank of New York Mellon	02/03/22		(9	)
USD 181,711	KRW 219,069,834	The Bank of New York Mellon	02/03/22		(14	)
USD 670,309	KRW 808,120,909	The Bank of New York Mellon	02/03/22		(53	)
KRW 5,371,198	USD 4,455	The Bank of New York Mellon	02/03/22		–
KRW 7,911,309	USD 6,562	The Bank of New York Mellon	02/03/22		1
KRW 15,257,247	USD 12,655	The Bank of New York Mellon	02/03/22		1
KRW 8,817,230	USD 7,314	The Bank of New York Mellon	02/03/22		1
KRW 6,684,773	USD 5,545	The Bank of New York Mellon	02/03/22		–
KRW 7,577,082	USD 6,285	The Bank of New York Mellon	02/03/22		–
KRW 5,633,075	USD 4,672	The Bank of New York Mellon	02/03/22		–
KRW 3,179,138	USD 2,637	The Bank of New York Mellon	02/03/22		–
KRW 6,168,124	USD 5,116	The Bank of New York Mellon	02/03/22		–
KRW 7,929,730	USD 6,577	The Bank of New York Mellon	02/03/22		1
KRW 8,043,118	USD 6,672	The Bank of New York Mellon	02/03/22		1
KRW 9,084,172	USD 7,535	The Bank of New York Mellon	02/03/22		1
HKD 425,800	USD 54,635	The Bank of New York Mellon	02/04/22		(25	)
CNY 3,099,409	USD 487,271	The Bank of New York Mellon	02/07/22		(352	)
CNY 3,837,473	USD 603,305	The Bank of New York Mellon	02/07/22		(435	)
HKD 290,009	EUR 33,082	The Bank of New York Mellon	02/07/22		(71	)
				$	(1,006	)

Currency Abbreviations
CNY	-	Chinese Yuan
EUR	-	EU Euro
HKD	-	Hong Kong Sar Dollar
KRW	-	South Korean Won
USD	-	United States Dollar

At January 31, 2022, 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 $214,624,351.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	28,042,142
Gross Unrealized Depreciation		(17,874,244	)
Net Unrealized Appreciation	$	10,167,898

Voya MUTUAL FUNDS NPORT-PVoya Multi-manager International Small Cap Fund (Jan 2022 report)