Voya MUTUAL FUNDS NPORTP Voya Multi-manager International Small Cap Fund (Jan 2023 report)

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited)

Shares			Value		Percentage of Net Assets
COMMON STOCK: 98.1%
		Australia: 8.8%
59,206		ADBRI Ltd.	$	77,851		0.0
222,622	⁽¹⁾	Alkane Resources Ltd.		105,864		0.0
131,058	⁽¹⁾	Allkem Ltd.		1,216,737		0.5
8,451		Altium Ltd.		233,984		0.1
33,892		Australian Clinical Labs Ltd.		74,404		0.0
12,310		Ava Risk Group Ltd.		1,880		0.0
112,881		Bank of Queensland Ltd.		558,180		0.2
310,498		Base Resources Ltd.		47,121		0.1
577,849		Beach Energy Ltd.		620,950		0.3
1,114,951		Beacon Minerals Ltd.		24,502		0.0
89,246		BlueScope Steel Ltd.		1,217,004		0.5
49,395		Charter Hall Group		486,373		0.2
8,967		Clinuvel Pharmaceuticals Ltd.		160,743		0.1
28,283	⁽²⁾	Cronos Australia Ltd.		10,181		0.0
181,496		CSR Ltd.		679,249		0.3
41,393		Data#3 Ltd.		215,082		0.1
58,854		Deterra Royalties Ltd.		204,196		0.1
12,368	⁽¹⁾	DGL Group Ltd./Au		12,638		0.0
60,898		Elders Ltd.		419,263		0.2
11,478		Enero Group Ltd.		24,740		0.0
62,528		Estia Health Ltd.		89,395		0.0
16,365		GR Engineering Services Ltd.		24,466		0.0
53,562		Grange Resources Ltd.		38,650		0.0
156,949		Horizon Oil Ltd.		16,719		0.0
280,448		Iluka Resources Ltd.		2,157,960		0.9
122,226		Image Resources NL		12,078		0.0
527,265		Incitec Pivot Ltd.		1,289,276		0.5
14,713		IPD Group Ltd./Australia		28,540		0.0
18,508		JB Hi-Fi Ltd.		636,352		0.3
128,714		Jupiter Mines Ltd.		20,896		0.0
56,054	⁽¹⁾	Karoon Energy Ltd.		92,725		0.0
115,297		Macmahon Holdings Ltd.		12,634		0.0
225,303	⁽¹⁾	Metals X Ltd.		65,610		0.0
20,594		Mineral Resources Ltd.		1,303,810		0.5
291,304		Myer Holdings Ltd.		201,693		0.1
12,348		MyState Ltd.		34,776		0.0
295,658		New Hope Corp., Ltd.		1,225,329		0.5
304,579		Nine Entertainment Co. Holdings Ltd.		440,675		0.2
51,165		NRW Holdings Ltd.		110,451		0.0
100,021		Nufarm Ltd.		420,871		0.2
1,805		Objective Corp. Ltd.		17,797		0.0
347,315	⁽¹⁾	OceanaGold Corp.		751,770		0.3
26,317	⁽¹⁾	OFX Group Ltd.		36,701		0.0
53,334		OM Holdings Ltd.		29,837		0.0
66,622		Orica Ltd.		699,103		0.3
61,824		Orora Ltd.		130,816		0.1
46,859		Pact Group Holdings Ltd.		34,915		0.0
63,070	⁽¹⁾	Perenti Ltd.		56,039	��	0.0
65,563		Perseus Mining Ltd.		99,609		0.0
255,819		Region RE Ltd.		490,891		0.2
84,304		Ridley Corp. Ltd.		115,300		0.0
14,461		Sandfire Resources Ltd.		64,447		0.0
39,311		Seven Group Holdings Ltd.		632,701		0.3
143,887	⁽¹⁾	Sierra Rutile Holdings Ltd.		20,478		0.0
40,764		Sims Metal Management Ltd.		442,614		0.2
57,661		SRG Global Ltd.		29,399		0.0
69,282		Super Retail Group Ltd.		625,206		0.3
8,248		Symbio Holdings Ltd.		11,092		0.0
83,256		Technology One Ltd.		860,819		0.3
26,390	⁽¹⁾	Webjet Ltd.		128,619		0.1
365,038	⁽¹⁾	Westgold Resources Ltd.		314,670		0.1
279,560		Whitehaven Coal Ltd.		1,662,306		0.7
				21,868,977		8.8

		Austria: 0.4%
1,638	⁽¹⁾	Addiko Bank AG		21,369		0.0
10,642		Andritz AG		636,405		0.3
2,747		Porr AG		39,480		0.0
12,406	⁽¹⁾	Raiffeisen International Bank Holding AG		223,210		0.1
590		Zumtobel AG		4,692		0.0
				925,156		0.4

		Belgium: 0.1%
103	⁽¹⁾	AGFA-Gevaert NV		323		0.0
533	⁽¹⁾	Cie d'Entreprises CFE		5,375		0.0
533	⁽¹⁾	Deme Group NV		68,966		0.1
1,949		Ion Beam Applications		35,130		0.0
478		Sipef NV		28,712		0.0
651		Wereldhave Belgium Comm VA		36,830		0.0
				175,336		0.1

		Brazil: 0.4%
28,800		Cia de Saneamento do Parana		98,094		0.0
233,400		Klabin SA - Unit		892,900		0.4
22,800		Melnick Even Desenvolvimento Imobiliario SA		13,564		0.0
				1,004,558		0.4

		Canada: 11.7%
128,400	⁽¹⁾	Advantage Energy Ltd.		800,962		0.3
4,300		AGF Management Ltd.		27,373		0.0
20,754		AirBoss of America Corp.		169,863		0.1
82,238		Alamos Gold, Inc.		907,334		0.4
46,600		Artis Real Estate Investment Trust		332,720		0.1
2,889		Atco Ltd.		91,932		0.0
24,587	⁽¹⁾	ATS Corp.		995,639		0.4
17,789	⁽¹⁾	AutoCanada, Inc.		358,307		0.1
163,040		Birchcliff Energy Ltd.		1,045,230		0.4
19,409		Bird Construction, Inc.		123,991		0.1
22,700		Black Diamond Group Ltd.		87,009		0.0
37,932		Boardwalk Real Estate Investment Trust		1,602,749		0.6
200		Bridgemarq Real Estate Services		2,022		0.0
14,910		BRP, Inc.		1,244,190		0.5
77,300	⁽¹⁾	Calibre Mining Corp.		62,744		0.0
9,864	⁽¹⁾	Canada Goose Holdings, Inc.		238,610		0.1
41,097	⁽¹⁾	Canfor Corp.		778,667		0.3

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares			Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Canada: (continued)
4,995	⁽¹⁾	Canfor Pulp Products, Inc.	$	15,279	0.0
130,752	⁽¹⁾	Capstone Copper Corp.		641,697	0.3
933		Cardinal Energy Ltd.		5,371	0.0
101,925	⁽¹⁾	Celestica, Inc.		1,357,417	0.5
77,800		Centerra Gold, Inc.		499,351	0.2
63,178		CES Energy Solutions Corp.		137,700	0.1
2,369	⁽¹⁾	Cipher Pharmaceuticals, Inc.		6,107	0.0
5,500	⁽¹⁾	Coveo Solutions, Inc.		37,161	0.0
23,300		Crescent Point Energy Corp.		174,065	0.1
117,400	⁽¹⁾	Crew Energy, Inc.		406,760	0.2
8,986	⁽¹⁾	Descartes Systems Group, Inc./The		655,774	0.3
118,606		Dundee Precious Metals, Inc.		774,632	0.3
64,938		Element Financial Corp.		917,541	0.4
3,300		Enerplus Corp.		58,557	0.0
43,898	⁽¹⁾	Ensign Energy Services, Inc.		128,010	0.1
10,508		Exco Technologies Ltd.		60,258	0.0
78,089		Finning International, Inc.		2,203,195	0.9
908		Guardian Capital Group Ltd.		27,297	0.0
73,600		H&R Real Estate Investment Trust		719,654	0.3
118,422		Headwater Exploration, Inc.		578,515	0.2
26,680		High Arctic Energy Services, Inc.		32,685	0.0
96,600		HudBay Minerals, Inc.		561,210	0.2
1,532		Information Services Corp.		26,229	0.0
25,000	⁽¹⁾	Interfor Corp.		499,981	0.2
15,274		Laurentian Bank of Canada		410,620	0.2
1,400		Leon's Furniture Ltd.		19,781	0.0
6,000		Linamar Corp.		306,415	0.1
35,700	⁽¹⁾	Major Drilling Group International		295,946	0.1
6,130	⁽¹⁾	Mandalay Resources Corp.		11,241	0.0
18,300		Martinrea International, Inc.		177,010	0.1
2,200		Melcor Developments Ltd.		19,197	0.0
800		Morguard Corp.		70,539	0.0
3,800		MTY Food Group, Inc.		196,576	0.1
10,159		Mullen Group Ltd.		107,503	0.0
11,268		Neo Performance Materials, Inc.		97,305	0.0
115,798	⁽¹⁾	New Gold, Inc.		136,642	0.1
45,815	⁽¹⁾	NuVista Energy Ltd.		383,929	0.2
200	⁽¹⁾	O3 Mining, Inc.		236	0.0
47,719		Parex Resources, Inc.		812,322	0.3
10,300		Pason Systems, Inc.		122,156	0.1
3,090		Pet Valu Holdings Ltd.		92,406	0.0
13,100		Peyto Exploration & Development Corp.		119,427	0.1
23,900		PHX Energy Services Corp.		143,161	0.1
2,100		Pizza Pizza Royalty Corp.		22,286	0.0
3,700		Polaris Renewable Energy, Inc.		40,099	0.0
1,463	⁽¹⁾	Precision Drilling Corp.		116,618	0.1
11,689	⁽¹⁾	Repare Therapeutics, Inc.		144,476	0.1
36,218		Russel Metals, Inc.		882,211	0.4
15,400		Secure Energy Services, Inc.		93,751	0.0
5,700	⁽¹⁾	Shawcor Ltd.		60,832	0.0
24,130		Silvercorp Metals, Inc.		83,967	0.0
1,700		Slate Grocery REIT		20,379	0.0
2,342		Spartan Delta Corp.		26,455	0.0
21,000		Stelco Holdings, Inc.		817,083	0.3
24,542		Stella-Jones, Inc.		893,107	0.4
1,500		TECSYS, Inc.		31,994	0.0
23,200	⁽¹⁾	Torex Gold Resources, Inc.		318,912	0.1
15,400		Total Energy Services, Inc.		107,293	0.0
45,006		TransAlta Corp.		437,020	0.2
56,954		Tricon Residential, Inc.		494,396	0.2
12,803	⁽¹⁾	Uni-Select, Inc.		381,814	0.2
22,122		Vermilion Energy, Inc.		339,175	0.1
23,000	⁽¹⁾	Victoria Gold Corp.		181,331	0.1
1,100		Wajax Corp.		19,015	0.0
15,900		Western Forest Products, Inc.		16,969	0.0
91,620		Whitecap Resources, Inc.		763,644	0.3
				29,209,027	11.7

		China: 1.0%
74,297		China World Trade Center Co. Ltd. - A Shares		186,942	0.1
111,072		Ever Reach Group Holdings Co. Ltd.		4,887	0.0
909,897		Greenland Hong Kong Holdings Ltd.		87,114	0.0
469,001	⁽¹⁾	Harbin Electric Co. Ltd. - H Shares		240,753	0.1
119,276		Henan Jinma Energy Co. Ltd. - H Shares		47,764	0.0
77,566	⁽¹⁾	Lansen Pharmaceutical Holdings Ltd.		14,740	0.0
314,000	⁽¹⁾	Natural Food International Holding Ltd.		25,250	0.0
317,800		Newland Digital Technology Co. Ltd. - A Shares		670,084	0.3
31,758		Pacific Online Ltd.		3,321	0.0
39,574		Qingdao Gaoce Technology Co. Ltd. - A Shares		484,742	0.2
293,072		Shanghai Pudong Road & Bridge Construction Co. Ltd. - A Shares		310,760	0.1
344,317		Ten Pao Group Holdings Ltd.		61,037	0.1
432,000		Tian Di Science & Technology Co. Ltd. - A Shares		341,812	0.1

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		China: (continued)
37,099		Xingfa Aluminium Holdings Ltd.	$	44,001	0.0
319,000	⁽¹⁾	Xiwang Special Steel Co. Ltd. - H Shares		8,564	0.0
119,814		Zengame Technology Holding Ltd. - H Shares		34,067	0.0
				2,565,838	1.0

		Denmark: 2.1%
44,799	⁽¹⁾	ALK-Abello A/S		669,208	0.3
12,359	^(1),(2)	Bavarian Nordic A/S		395,778	0.2
2,182	⁽¹⁾	Chemometec A/S		191,165	0.1
10,522		D/S Norden		567,193	0.2
46,210		H Lundbeck A/S		171,708	0.1
38,059	⁽¹⁾	ISS A/S		832,111	0.3
11,454	⁽¹⁾	Jyske Bank		826,102	0.3
82		North Media A/S		786	0.0
18,107		Pandora A/S		1,507,787	0.6
1,323		Skjern Bank		24,394	0.0
564		Solar A/S		52,109	0.0
				5,238,341	2.1

		Egypt: 0.0%
234,266	⁽¹⁾	Emaar Misr for Development SAE		24,437	0.0

		Finland: 1.1%
30		Alandsbanken Abp		1,187	0.0
1,202		Alma Media Oyj		12,545	0.0
1,699		Aspo Oyj		15,386	0.0
3,554		Digia Oyj		24,457	0.0
3,160		eQ Oyj		80,560	0.1
22,690	⁽¹⁾	F-Secure Oyj		72,435	0.0
17,585		Konecranes Oyj		572,240	0.2
3,535		Marimekko Oyj		35,441	0.0
40,576		Oriola Oyj		76,137	0.0
391		Ponsse Oyj		11,158	0.0
11	⁽¹⁾	QT Group Oyj		645	0.0
3		Relais Group Oyj		35	0.0
7,133		Taaleri Oyj		97,773	0.1
23,073		TietoEVRY Oyj		702,663	0.3
1,047		Titanium Oyj		19,376	0.0
1,217		Vaisala OYJ		52,317	0.0
32,001		Valmet OYJ		1,004,918	0.4
11,769	⁽¹⁾	WithSecure Oyj		18,066	0.0
				2,797,339	1.1

		France: 7.7%
4,965		ABC arbitrage		34,977	0.0
4,162	⁽¹⁾	Accor S.A.		135,128	0.1
8,126		Arkema SA		822,249	0.3
606		Assystem		28,532	0.0
1,451		Boiron SA		66,174	0.0
39,388	⁽²⁾	Catana Group		284,726	0.1
5,282		CBO Territoria		21,223	0.0
2,326		Coface SA		32,524	0.0
12,062	⁽¹⁾	Criteo SA ADR		364,875	0.2
5,142		Dassault Aviation SA		878,062	0.4
3,156		Derichebourg SA		21,660	0.0
12,101		Edenred		659,132	0.3
10,312		Eiffage SA		1,101,426	0.5
2,328	⁽¹⁾	Ekinops SAS		21,715	0.0
45,987		Elis SA		807,681	0.3
2,940		Eramet SLN		293,832	0.1
699	⁽¹⁾	Eurobio Scientific SA		13,467	0.0
314	⁽²⁾	Fountaine Pajot SA		41,373	0.0
4,792	⁽¹⁾	GL Events		112,002	0.1
342		Groupe Crit		25,377	0.0
15,929		Groupe SFPI		41,648	0.0
4,057		Guerbet		81,041	0.0
1,118		Infotel SA		68,064	0.0
15,480		Ipsen SA		1,625,936	0.7
5,177		Jacquet Metals SACA		99,183	0.0
39,646		Klepierre SA		1,006,225	0.4
39,404	⁽³⁾	La Francaise des Jeux SAEM		1,686,011	0.7
698		Neurones		29,822	0.0
6,146		Nexans SA		651,741	0.3
18,244		Nexity SA		551,129	0.2
610		Piscines Desjoyaux SA		10,147	0.0
12,531	⁽¹⁾	Renault S.A.		509,501	0.2
89,411		Rexel SA		1,977,978	0.8
435		Savencia SA		28,658	0.0
5,476	⁽²⁾	Serge Ferrari SAS		77,035	0.1
489		Societe BIC S.A.		35,504	0.0
3,772	⁽¹⁾	SOITEC		572,083	0.2
5,351		Sopra Steria Group SACA		889,991	0.4
30,222		SPIE SA		825,065	0.3
449		Stef SA		47,251	0.0
1,221		Synergie SE		44,375	0.0
73,494		Technip Energies NV		1,424,845	0.6
66,980	⁽¹⁾	Vallourec SA		977,700	0.4
566		Vetoquinol SA		52,548	0.0
157		Virbac SA		47,645	0.0
4		Wendel SE		424	0.0
				19,127,685	7.7

		Germany: 6.6%
63,903	⁽¹⁾	Affimed NV		82,435	0.1
25,695		Aixtron SE		765,593	0.3
955		Atoss Software AG		168,966	0.1
7,559		Aurubis AG		799,413	0.3
18,705		Bechtle AG		788,240	0.3
6,917		Carl Zeiss Meditec AG		998,246	0.4
9,757	⁽¹⁾	CTS Eventim AG & Co. KGaA		684,907	0.3
670		Datagroup SE		52,080	0.0
596		Dermapharm Holding SE		24,739	0.0
69,022	⁽³⁾	Deutsche Pfandbriefbank AG		629,573	0.3
10,698		Duerr AG		408,169	0.2
26,027		Encavis AG		504,283	0.2
8,439	⁽¹⁾	Ernst Russ AG		40,228	0.0
8,245	⁽¹⁾	Fraport AG Frankfurt Airport Services Worldwide		469,231	0.2
29,756		Freenet AG		723,343	0.3
39,962		GEA Group AG		1,803,074	0.7
11,236		Gerresheimer AG		830,945	0.3
853		GESCO SE NA O.N		22,859	0.0
3,585		GFT Technologies AG		149,686	0.1
4,270	⁽¹⁾	H&R GmbH & Co. KGaA		27,946	0.0
89,863	^(1),(2)	Heidelberger Druckmaschinen AG		184,727	0.1
3,455		Hornbach Holding AG & Co. KGaA		306,075	0.1
11,790		Hugo Boss AG		800,658	0.3

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		Germany: (continued)
2,096		IVU Traffic Technologies AG	$	39,917	0.0
750		Krones AG		87,572	0.0
12,320		LANXESS AG		614,887	0.2
103		New Work SE		18,890	0.0
39		Paul Hartmann AG		9,921	0.0
471		Pfeiffer Vacuum Technology AG		86,002	0.0
1,299		PSI Software AG		35,127	0.0
1,288		Rational AG		847,222	0.3
2,922		Rheinmetall AG		682,745	0.3
4,921		Salzgitter AG		200,832	0.1
492		Stemmer Imaging AG		19,043	0.0
10,694		Suedzucker AG		173,490	0.1
118		Surteco SE		2,681	0.0
48,390		TAG Immobilien AG		414,403	0.2
13,479	⁽¹⁾	Trivago NV ADR		23,453	0.0
20,007		United Internet AG		464,488	0.2
737		USU Software AG		16,025	0.0
5,916		VERBIO Vereinigte BioEnergie AG		372,944	0.1
13,453	⁽¹⁾	Vitesco Technologies Group AG		932,481	0.4
932		Wacker Chemie AG		140,862	0.1
				16,448,401	6.6

		Greece: 0.3%
5,809		Autohellas Tourist and Trading SA		65,173	0.0
5,134		Jumbo SA		92,195	0.1
40,973	⁽¹⁾	National Bank of Greece SA		194,812	0.1
114,955	⁽¹⁾	Piraeus Financial Holdings SA		238,080	0.1
2,038		Piraeus Port Authority		38,330	0.0
7,911		Thrace Plastics Holding and Co.		37,835	0.0
				666,425	0.3

		Guernsey: 0.1%
168,820		Balanced Commercial Property Trust Ltd.		165,255	0.1

		Hong Kong: 1.6%
106,000		Analogue Holdings Ltd.		16,357	0.0
53,800		ASMPT Ltd		444,368	0.2
204,478		Build King Holdings Ltd.		24,338	0.0
330,972		China Merchants Land Ltd.		24,904	0.0
80,000		Computer & Technologies Holdings Ltd.		23,976	0.0
1,703		Computime Group Ltd.		109	0.0
771,406		Fountain SET Hldgs		84,639	0.0
29,786		FSE Lifestyle Services Ltd.		21,141	0.0
166,000		Gemdale Properties & Investment Corp. Ltd.		14,391	0.0
28,006		HKR International Ltd.		9,263	0.0
232,000	⁽¹⁾	Hop Fung Group Holdings Ltd.		3,284	0.0
172,000		Hysan Development Co., Ltd.		578,685	0.2
14,500		Johnson Electric Holdings Ltd.		19,916	0.0
59,500		Lee's Pharmaceutical Holdings Ltd.		14,554	0.0
46,818		Luk Fook Holdings International Ltd.		162,364	0.1
33,822		Lung Kee Bermuda Holdings		11,406	0.0
42,415	⁽¹⁾	Melco Resorts & Entertainment Ltd. ADR		579,389	0.3
223,367	⁽¹⁾	Midland Holdings Ltd.		27,635	0.0
2,418,991		Pacific Basin Shipping Ltd.		853,636	0.4
338,289		PAX Global Technology Ltd.		319,734	0.1
58,939		Pico Far East Holdings Ltd.		11,590	0.0
64,762		Plover Bay Technologies Ltd.		19,977	0.0
23,000	⁽¹⁾	Rich Goldman Holdings Ltd.		229	0.0
94,851		Road King Infrastructure		47,143	0.0
87,913	^(1),(4)	S&C Engine Group Ltd.		–	–
196,229	⁽¹⁾	Shun TAK Holdings Ltd.		42,455	0.0
1,298,000		Singamas Container Holdings Ltd.		121,153	0.1
321,180		Tang Palace China Holdings Ltd.		23,371	0.0
3,644,629	⁽¹⁾	Tongda Group Holdings Ltd.		59,654	0.0
562,000		United Laboratories International Holdings Ltd.		372,069	0.2
212,000		Vedan International Holdings Ltd.		15,681	0.0
15,840		Wai Kee Holdings Ltd.		4,141	0.0
				3,951,552	1.6

		India: 0.2%
31,811	⁽¹⁾	CSB Bank Ltd.		96,947	0.1
25,620	^(1),(4)	Geodesic Ltd.		–	–
109,687		Gujarat State Fertilisers & Chemicals, Ltd.		174,315	0.1
4,037		LG Balakrishnan & Bros Ltd.		34,280	0.0
1,505		Sarda Energy & Minerals Ltd.		20,204	0.0
13,150	⁽¹⁾	Tamilnad Mercantile Bank Ltd.		75,685	0.0
21,379	^(1),(4)	Varun Industries Ltd.		–	–
1,464		WPIL Ltd.		20,410	0.0
				421,841	0.2

		Indonesia: 0.5%
319,000		ABM Investama Tbk PT		67,065	0.1
87,400		Adaro Energy Indonesia Tbk PT		17,318	0.0
1,609,000	⁽¹⁾	Agung Podomoro Land Tbk PT		16,035	0.0
2,468,300	⁽¹⁾	Alam Sutera Realty Tbk PT		26,730	0.0
312,800		Arwana Citramulia Tbk PT		20,972	0.0
121,600		Bumitama Agri Ltd.		56,245	0.0
520,000	⁽¹⁾	Champ Resto Indonesia Tbk PT		52,555	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		Indonesia: (continued)
1,837,700		Ciputra Development Tbk PT	$	119,530	0.1
8,500		Indo Tambangraya Megah PT		20,562	0.0
323,700		Indofood Sukses Makmur Tbk PT		145,471	0.1
34,300		Indo-Rama Synthetics Tbk PT		13,157	0.0
111,000	⁽¹⁾	Map Aktif Adiperkasa PT		28,139	0.0
169,200		Matahari Department Store Tbk PT		49,605	0.0
485,100	⁽¹⁾	Mitrabahtera Segara Sejati Tbk PT		38,530	0.0
1,482,035	⁽¹⁾	Mulia Industrindo Tbk PT		56,849	0.0
3,677,900		Panin Financial Tbk PT		109,920	0.1
672,600		Pelita Samudera Shipping Tbk PT		27,595	0.0
2,350,632		Perusahaan Gas Negara Tbk PT		243,317	0.1
688,700		Salim Ivomas Pratama Tbk PT		19,505	0.0
392,600		Wismilak Inti Makmur Tbk PT		21,767	0.0
				1,150,867	0.5

		Ireland: 1.4%
340,556	⁽¹⁾	Amarin Corp. PLC ADR		633,434	0.2
157,815		Bank of Ireland Group PLC		1,686,064	0.7
129,281	⁽¹⁾	Dalata Hotel Group PLC - DHGI		546,170	0.2
53,616		Glanbia Plc		654,270	0.3
				3,519,938	1.4

		Israel: 1.9%
1,583		Arad Ltd.		19,695	0.0
18,678	⁽¹⁾	B Communications Ltd.		90,819	0.1
602		Dor Alon Energy in Israel 1988 Ltd.		15,458	0.0
177		Duniec Brothers Ltd.		8,447	0.0
1,685		FIBI Holdings Ltd.		70,915	0.0
2,335		First International Bank Of Israel Ltd.		94,320	0.1
641		FMS Enterprises Migun Ltd.		20,614	0.0
2,076	⁽²⁾	Ilex Medical Ltd.		52,926	0.0
34,171	⁽¹⁾	Inmode Ltd.		1,197,694	0.5
854		Ituran Location and Control Ltd.		18,745	0.0
14,573	⁽¹⁾	JFrog Ltd.		374,672	0.2
2,202		Kerur Holdings Ltd.		52,357	0.0
14		Melisron Ltd.		979	0.0
72,677	⁽¹⁾	Perion Network Ltd.		2,434,679	1.0
1,963	⁽¹⁾	RADWARE Ltd.		41,812	0.0
23,600		Sarine Technologies Ltd.		8,645	0.0
1,149	⁽¹⁾	Silicom Ltd.		49,430	0.0
1,757	⁽¹⁾	Taro Pharmaceuticals Industries, Ltd.		52,394	0.0
446		Telsys Ltd.		23,620	0.0
2,190		Zvi Sarfati & Sons Investments & Constructions 1992 Ltd.		16,140	0.0
				4,644,361	1.9

		Italy: 2.3%
1,156		ACEA SpA		17,721	0.0
6,083		Banca IFIS SpA		101,873	0.0
193,509		Banco BPM SpA		870,941	0.4
30,608		Buzzi Unicem SpA		689,233	0.3
3,190		Danieli & C Officine Meccaniche SpA		59,485	0.0
5,836		El.En. SpA		91,040	0.0
23,479		Elica SpA		74,419	0.0
22,461	⁽¹⁾	Geox S.p.A.		23,202	0.0
254,633		Iren SpA		461,161	0.2
61,297	⁽¹⁾	Iveco Group NV		502,056	0.2
157,036		Leonardo SpA		1,617,172	0.7
7,459		Orsero SpA		123,841	0.1
1,167		Pharmanutra SpA		74,832	0.0
6,765		Reply SpA		878,142	0.4
7,033	^(1),(2)	Servizi Italia SpA		10,093	0.0
29,520	⁽¹⁾	Sogefi S.p.A.		35,661	0.0
22		Somec SpA		746	0.0
				5,631,618	2.3

		Japan: 19.1%
53,200		AEON Financial Service Co., Ltd.		539,262	0.2
786		Aichi Tokei Denki Co., Ltd.		8,270	0.0
1,400	⁽¹⁾	Aidma Holdings, Inc.		54,089	0.0
1,000		Aiphone Co., Ltd.		14,931	0.0
2,900		Aisan Industry Co., Ltd.		16,820	0.0
2,900		Akatsuki, Inc.		51,601	0.0
87,700		Alps Alpine Co. Ltd.		898,574	0.4
24,000		Amada Co. Ltd.		215,586	0.1
500		Arata Corp.		16,217	0.0
4,000		Arealink Co. Ltd.		57,470	0.0
8,000		Arisawa Manufacturing Co., Ltd.		86,589	0.1
17,700		Asahi Diamond Industrial Co., Ltd.		101,601	0.1
18,000		Asics Corp.		428,410	0.2
1,400		ASKA Pharmaceutical Holdings Co. Ltd.		13,477	0.0
3,100		Ateam, Inc.		18,819	0.0
12,700		Avant Group Corp.		141,421	0.1
6,000		Bando Chemical Industries Ltd.		47,022	0.0
13,400		BayCurrent Consulting, Inc.		569,628	0.2
5,100		BML, Inc.		126,818	0.1
1,700		Business Brain Showa-Ota, Inc.		25,885	0.0
3,600		Business Engineering Corp.		69,784	0.0
3,200		Canon Marketing Japan, Inc.		75,953	0.0
2,000		Central Automotive Products Ltd.		37,347	0.0
1,100		Central Security Patrols Co., Ltd.		22,232	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		Japan: (continued)
2,000		Chilled & Frozen Logistics Holdings Co. Ltd.	$	19,154	0.0
1,700		Chino Corp.		25,247	0.0
1,300	⁽¹⁾	Chiyoda Integre Co., Ltd.		22,630	0.0
35,400		CKD Corp.		548,246	0.2
2,100		CMC Corp.		19,416	0.0
1,800		Core Corp.		21,078	0.0
6,200		Cosmos Initia Co. Ltd.		24,625	0.0
19,300		Daido Steel Co., Ltd.		729,737	0.3
2,700		Daihatsu Diesel Manufacturing Co., Ltd.		11,126	0.0
18,100		Daihen Corp.		590,615	0.3
2,800		Dai-Ichi Cutter Kogyo KK		22,220	0.0
15,000		Daikoku Denki Co., Ltd.		232,040	0.1
5,715		Daitron Co., Ltd.		107,363	0.1
2,500	⁽¹⁾	Digital Holdings, Inc.		24,375	0.0
1,900		DMS, Inc.		18,378	0.0
9,900		Doshisha Co., Ltd.		129,634	0.1
22,382		DTS Corp.		548,943	0.2
13,500		Ebara Corp.		573,204	0.2
4,900		Ebase Co. Ltd.		21,351	0.0
60,100		Eiken Chemical Co., Ltd.		735,947	0.3
4,600		Elematec Corp.		58,331	0.0
19,400		en Japan, Inc.		369,353	0.2
14,200		Enigmo, Inc.		67,787	0.0
1,200		Enplas Corp.		34,672	0.0
4,700		Entrust, Inc.		33,238	0.0
2,100		Freund Corp.		10,815	0.0
1,700		Fudo Tetra Corp.		20,194	0.0
11,800		Fuji Corp.		196,471	0.1
2,200		Fuji Corp./Miyagi		22,792	0.0
9,400		Fuji Soft, Inc.		561,063	0.2
7,900		Fujikura Kasei Co., Ltd.		26,351	0.0
159,800		Fujikura Ltd.		1,214,697	0.5
2,200		Fukuda Denshi Co., Ltd.		76,668	0.0
32,400		Fullcast Co., Ltd.		703,747	0.3
5,200		Fuso Pharmaceutical Industries Ltd.		77,481	0.0
6,800		Fuyo General Lease Co., Ltd.		467,348	0.2
5,600		Grandy House Corp.		25,117	0.0
13,900	⁽¹⁾	GungHo Online Entertainment, Inc.		231,650	0.1
60,900		H.U. Group Holdings, Inc.		1,292,604	0.5
7,200		Hisamitsu Pharmaceutical Co., Inc.		224,208	0.1
1,700		Hito Communications Holdings, Inc.		21,312	0.0
1,000		Hodogaya Chemical Co., Ltd.		25,769	0.0
4,500		Hyakujushi Bank Ltd.		70,720	0.0
1,500		Ichiken Co. Ltd.		20,920	0.0
19,100		Ichikoh Industries Ltd.		57,154	0.0
4,500		Ichinen Holdings Co., Ltd.		44,598	0.0
3,100		ID Holdings Corp.		23,370	0.0
5,300		I-Net Corp.		53,532	0.0
23,600		Infocom Corp.		397,816	0.2
6,400		Infomart Corp.		20,704	0.0
76,600		INFRONEER Holdings, Inc.		611,455	0.3
5,200		Insource Co. Ltd.		58,503	0.0
61,900		Internet Initiative Japan, Inc.		1,161,602	0.5
1,265		Invincible Investment Corp.		539,486	0.2
5,900		I-PEX, Inc.		52,517	0.0
10,000		IR Japan Holdings Ltd.		140,969	0.1
2,100		ISB Corp.		19,317	0.0
14,800		Itoki Corp.		80,091	0.0
4,200		Iwaki Co. Ltd.		40,874	0.0
66,900		J Front Retailing Co., Ltd.		623,072	0.3
2,100		JAC Recruitment Co. Ltd.		38,166	0.0
3,900		Japan Lifeline Co. Ltd.		28,664	0.0
9,000		Japan System Techniques Co. Ltd.		123,129	0.1
5,300		Japan Transcity Corp.		21,872	0.0
3,400		JBCC Holdings, Inc.		49,095	0.0
10,800		Jeol Ltd.		317,132	0.1
1,400		JFE Systems, Inc.		27,289	0.0
35,300		JGC Holdings Corp.		461,091	0.2
2,500		JK Holdings Co., Ltd.		20,420	0.0
7,400		JP-Holdings, Inc.		19,399	0.0
5,500		J-Stream, Inc.		24,052	0.0
400		JUTEC Holdings Corp.		3,773	0.0
243		Kamei Corp.		2,667	0.0
25,500		Kaneka Corp.		669,487	0.3
2,100		Kaneko Seeds Co. Ltd.		25,549	0.0
1,600		Kawada Technologies, Inc.		41,820	0.0
159		Kenedix Office Investment Corp.		377,715	0.2
1,200		KFC Ltd.		11,625	0.0
2,260		Kimura Unity Co., Ltd.		16,420	0.0
3,700		Kita-Nippon Bank Ltd.		63,398	0.0
3,300		Kitz Corp.		20,898	0.0
21,400		Komeri Co., Ltd.		438,998	0.2
4,500		Komori Corp.		30,396	0.0
4,400		Konica Minolta, Inc.		18,439	0.0
5,900		Konoike Transport Co. Ltd.		69,996	0.0
1,500		KSK Co. Ltd./Inagi		26,274	0.0
3,100		Kuriyama Holdings Corp.		19,354	0.0
2,200		Kyowa Electronics Instruments Co. Ltd.		5,782	0.0
1,400		Lifedrink Co., Inc.		25,028	0.0
2,900		Makino Milling Machine Co., Ltd.		104,104	0.1
1,600		Makiya Co. Ltd.		8,605	0.0
2,600		Marvelous, Inc.		13,930	0.0
3,600		Matching Service Japan Co. Ltd.		29,367	0.0
217,200		Mebuki Financial Group, Inc.		565,766	0.2
6,500		Medical Data Vision Co. Ltd.		49,173	0.0
6,900		Megachips Corp.		144,072	0.1
3,400		Melco Holdings, Inc.		87,749	0.1
11,200		Micronics Japan Co. Ltd.		120,139	0.1

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value		Percentage of Net Assets
COMMON STOCK: (continued)
		Japan: (continued)
4,000		MIMAKI ENGINEERING CO Ltd.	$	18,671		0.0
63,400		Mirarth Holdings, Inc.		187,700		0.1
6,500		Mito Securities Co., Ltd.		14,934		0.0
3,100		Mitsubishi Shokuhin Co. Ltd.		74,723		0.0
2,000		Mitsui-Soko Holdings Co. Ltd.		57,502		0.0
700		Miyaji Engineering Group, Inc.		19,437		0.0
10,100		Morinaga Milk Industry Co., Ltd.		373,626		0.2
800		Morishita Jintan Co. Ltd.		11,684		0.0
3,000		Morita Holdings Corp.		28,079		0.0
3,500		Morito Co. Ltd.		25,635		0.0
13,900		MRK Holdings, Inc.		11,984		0.0
7,000		Mugen Estate Co. Ltd.		26,406		0.0
1,900		Mutoh Holdings Co., Ltd.		23,409		0.0
1,900		Naigai Trans Line Ltd.		31,821		0.0
10,287		Nakano Corp.		26,008		0.0
1,200		Nanyo Corp.		18,317		0.0
19,500		Net One systems Co., Ltd.		528,449		0.2
21,400		Nextage Co. Ltd.		481,353		0.2
5,600		Ngi Group, Inc.		53,411		0.0
1,600		Nichiban Co. Ltd.		22,367		0.0
49,200		Nichicon Corp.		483,325		0.2
3,700		Nichiha Corp.		79,414		0.0
3,200		Nihon Denkei Co. Ltd.		40,519		0.0
1,600		Nihon Falcom Corp.		15,493		0.0
2,700		Nihon Trim Co., Ltd.		60,923		0.0
94		Nippon Accommodations Fund, Inc.		421,912		0.2
2,900		Nippon BS Broadcasting Corp.		20,416		0.0
1,900		Nippon Concept Corp.		23,063		0.0
23,300		Nippon Electric Glass Co., Ltd.		432,690		0.2
13,300		Nippon Shinyaku Co., Ltd.		684,500	��	0.3
66,878		Niraku GC Holdings, Inc.		2,175		0.0
54,818		Nissan Tokyo Sales Holdings Co., Ltd.		131,647		0.1
8,531		Nisshin Group Holdings Co. Ltd.		29,963		0.0
26,700		Nisshinbo Holdings, Inc.		199,580		0.1
8,600		Nisso Corp.		39,263		0.0
106,000		Nissui Corp.		440,454		0.2
5,100		Nitto Seiko Co., Ltd.		19,995		0.0
3,400		NJS Co. Ltd.		57,068		0.0
1,200		Nomura Real Estate Holdings, Inc.		26,449		0.0
7,200		Noritz Corp.		83,237		0.1
2,100		NS Solutions Corp.		54,051		0.0
2,100		NSW, Inc./Japan		33,388		0.0
1,200		Ochi Holdings Co. Ltd.		12,368		0.0
1,300		Oita Bank Ltd.		21,871		0.0
8,100		Okabe Co., Ltd.		45,456		0.0
3,400		Okuma Corp.		137,812		0.1
1,800	⁽¹⁾	One Career, Inc.		54,670		0.0
4,700	⁽¹⁾	Optim Corp.		41,449		0.0
5,400		Optorun Co. Ltd.		106,561		0.1
19,700		Organo Corp.		500,761		0.2
1,000		Origin Co. Ltd.		9,946		0.0
6,100		Oro Co. Ltd.		89,949		0.1
1,600		Oyo Corp.		24,966		0.0
16,000		Parker Corp.		65,826		0.0
1,800		Pasco Corp.		19,538		0.0
9,200		PC Depot Corp.		20,498		0.0
5,700		Pegasus Sewing Machine Manufacturing Co., Ltd.		29,542		0.0
3,400		Pickles Holdings Co. Ltd.		31,719		0.0
2,700		Plus Alpha Consulting Co. Ltd.		58,522		0.0
100		Pronexus, Inc.		750		0.0
6,100		Punch Industry Co. Ltd.		21,766		0.0
117,400		Rengo Co., Ltd.		828,610		0.3
37,500		Resorttrust, Inc.		685,226		0.3
500		Rhythm Co. Ltd.		6,430		0.0
2,100		Ride On Express Holdings Co. Ltd.		17,448		0.0
1,700		Riken Corp.		31,766		0.0
6,200		Riken Technos Corp.		25,288		0.0
7,500		Rinnai Corp.		591,975		0.3
1,200		Riso Kagaku Corp.		20,022		0.0
1,000		Saison Information Systems Co. Ltd.		14,510		0.0
1,400		San Holdings, Inc.		20,283		0.0
5,100		Sanken Electric Co., Ltd.		289,619		0.1
15,300		Sankyo Co., Ltd.		617,992		0.3
1,519		Sankyo Frontier Co. Ltd.		39,932		0.0
14,900		Sankyu, Inc.		585,447		0.3
12,800		Sansha Electric Manufacturing Co. Ltd.		91,282		0.1
51,200		Sanwa Holdings Corp.		542,025		0.2
1,300		Sanyo Denki Co. Ltd.		63,021		0.0
4,300		Sanyo Trading Co. Ltd.		37,592		0.0
12,400		Sawai Group Holdings Co. Ltd.		383,653		0.2
1,900		Saxa Holdings, Inc.		17,606		0.0
1,400		Screen Holdings Co. Ltd.		104,324		0.1
3,600		Seed Co. Ltd./Tokyo		14,320		0.0
1,500		Seika Corp.		18,650		0.0
6,700		Seino Holdings Co. Ltd.		66,913		0.0
1,800		Sekisui Jushi Corp.		27,320		0.0
6,600		Sekisui Plastics Co., Ltd.		19,775		0.0
5,000		SERAKU Co. Ltd.		56,040		0.0
800		Shibaura Mechatronics Corp.		67,287		0.0
1,400		Shibusawa Warehouse Co., Ltd.		22,546		0.0
6,400		Shimamura Co., Ltd.		600,346		0.3
2,100		Shin Maint Holdings Co. Ltd.		23,513		0.0
42,100		Shinko Electric Industries		1,184,526		0.5
3,600		SIGMAXYZ Holdings, Inc.		38,320		0.0
3,700		Sinfonia Technology Co. Ltd.		44,703		0.0
1,700		SK-Electronics Co., Ltd.		15,747		0.0
900		SMK Corp.		16,267		0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		Japan: (continued)
4,800		Sodick Co., Ltd.	$	27,928	0.0
3,300		Softcreate Holdings Corp.		84,033	0.1
5,569		Soken Chemical & Engineering Co. Ltd.		74,775	0.0
4,600		Soliton Systems KK		40,718	0.0
2,400		Space Co. Ltd.		17,382	0.0
4,400		SPK Corp.		49,865	0.0
2,600		Sprix Ltd.		17,967	0.0
3,300		Star Micronics Co., Ltd.		43,055	0.0
17,500		Starts Corp., Inc.		347,997	0.2
3,500		Sugi Holdings Co., Ltd.		152,978	0.1
23,300		Sumitomo Forestry Co., Ltd.		435,652	0.2
18,600		Sumitomo Pharma Co. Ltd.		130,774	0.1
5,300		Sun Frontier Fudousan Co., Ltd.		45,688	0.0
29,800		Suzuken Co., Ltd.		784,876	0.3
2,690		Tachikawa Corp.		25,356	0.0
2,200		Takaoka Toko Co. Ltd.		35,740	0.0
1,500		Takasago International Corp.		29,747	0.0
25,000		Takeuchi Manufacturing Co. Ltd.		553,312	0.2
2,400		Tanabe Consulting Co. Ltd.		11,897	0.0
800		Techno Medica Co. Ltd.		10,714	0.0
1,100		Techno Quartz, Inc.		34,148	0.0
24,000		TechnoPro Holdings, Inc.		747,244	0.3
13,900		TOA Road Corp.		656,288	0.3
22,900		Tochigi Bank Ltd.		54,127	0.0
2,700		Togami Electric Manufacturing Co. Ltd.		36,768	0.0
1,100		Toho Holdings Co., Ltd.		17,966	0.0
9,500		Tokyo Ohka Kogyo Co., Ltd.		468,222	0.2
13,400		Tokyo Seimitsu Co., Ltd.		461,360	0.2
35,200		Tokyo Tatemono Co., Ltd.		436,392	0.2
13,000		Tokyotokeiba Co., Ltd.		387,539	0.2
15,300		TOMONY Holdings, Inc.		46,993	0.0
1,800		Tonami Holdings Co., Ltd.		50,974	0.0
12,700		Tosho Co. Ltd.		117,180	0.1
8,400		Towa Bank Ltd.		40,184	0.0
5,100		Towa Pharmaceutical Co., Ltd.		80,521	0.0
3,700		Toyo Denki Seizo - Toyo Electric Manufacturing Co. Ltd.		24,977	0.0
11,600		Toyo Suisan Kaisha Ltd.		479,321	0.2
45,400		Toyo Tire & Rubber Co., Ltd.		543,142	0.2
2,500		TPR Co., Ltd.		25,350	0.0
6,600		Transcosmos, Inc.		172,299	0.1
3,600		Trusco Nakayama Corp.		58,980	0.0
800		Tsubakimoto Kogyo Co., Ltd.		25,417	0.0
1,100		Uchida Yoko Co., Ltd.		39,966	0.0
4,100		Ulvac, Inc.		191,806	0.1
1,500		UNIRITA, Inc.		20,996	0.0
3,100		User Local inc		30,030	0.0
47,500		Ushio, Inc.		636,716	0.3
3,300		USS Co., Ltd.		54,279	0.0
10,900		UT Group Co. Ltd.		222,031	0.1
6,600		ValueCommerce Co. Ltd.		90,554	0.1
4,200		Vector, Inc.		41,470	0.0
4,200		VINX Corp.		48,175	0.0
5,500	⁽¹⁾	Visional, Inc.		398,522	0.2
600		WDB coco Co. Ltd.		27,080	0.0
13,700		West Holdings Corp.		410,802	0.2
5,500		Will Group, Inc.		51,951	0.0
4,200		Xebio Holdings Co., Ltd.		29,974	0.0
2,300		YAMADA Consulting Group Co. Ltd.		20,749	0.0
2,300		Yamaichi Electronics Co., Ltd.		32,176	0.0
3,500		Yamato Corp.		20,245	0.0
16,400		Yokogawa Electric Corp.		287,977	0.1
1,700		Yondenko Corp.		23,907	0.0
5,400		Yorozu Corp.		30,479	0.0
3,000		Yossix Co. Ltd.		50,447	0.0
3,400		Yushin Precision Equipment Co., Ltd.		18,155	0.0
1,700		Zaoh Co. Ltd.		24,566	0.0
12,200		Zenkoku Hosho Co. Ltd.		475,163	0.2
48,000		Zeon Corp.		472,153	0.2
9,400		ZIGExN Co. Ltd.		27,565	0.0
				47,565,451	19.1

		Luxembourg: 0.2%
9,219		APERAM SA		363,812	0.2
250,262	⁽¹⁾	d'Amico International Shipping SA		106,281	0.0
2,235		Majorel Group Luxembourg SA		54,913	0.0
1,125		Stabilus SE		77,597	0.0
				602,603	0.2

		Malaysia: 0.1%
10,300		Allianz Malaysia Bhd		33,547	0.0
174,800		Berjaya Food Bhd		44,389	0.1
54,200		CSC Steel Holdings Bhd		15,405	0.0
47,000		Deleum Bhd		10,742	0.0
70,800		IGB Real Estate Investment Trust		29,218	0.0
97,800	⁽¹⁾	KSL Holdings BHD		18,830	0.0
20,754		Kumpulan Fima BHD		9,682	0.0
210,000		Media Chinese International Ltd.		6,535	0.0
82,400		MKH Bhd		24,186	0.0
3,245		Nylex Malaysia BHD		417	0.0
30,700		Sarawak Plantation Bhd		15,401	0.0
42,900		Syarikat Takaful Malaysia Keluarga Bhd		36,649	0.0
				245,001	0.1

		Malta: 0.0%
58		Kindred Group PLC - SDR		584	0.0

		Mauritius: 0.0%
21,280		Capital Ltd.		27,022	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		Mexico: 0.4%
47,215	⁽³⁾	Mexico Real Estate Management SA de CV	$	80,085	0.0
63,673	⁽¹⁾	Vista Energy SAB de CV ADR		1,012,401	0.4
				1,092,486	0.4

		Netherlands: 3.2%
22,428		ASR Nederland NV		1,061,547	0.4
8,014		BE Semiconductor Industries NV		573,210	0.2
13,733		Brunel International NV		156,763	0.1
16,685		Flow Traders Ltd.		429,169	0.2
49,261	⁽¹⁾	Fugro NV		655,948	0.3
2,640		IMCD NV		418,522	0.2
2,520		Kendrion NV		45,641	0.0
578		Nedap N.V.		37,702	0.0
42,879		OCI NV		1,459,615	0.6
462,740	⁽¹⁾	Pharming Group NV		641,802	0.3
24,699		Randstad NV		1,583,159	0.6
21,628	⁽³⁾	Signify NV		783,048	0.3
478,561	^(1),(2),(4)	SNS Reaal NV		–	–
1,143		TKH Group NV		51,875	0.0
64		Vastned Retail NV		1,475	0.0
				7,899,476	3.2

		New Zealand: 0.1%
26,351	⁽¹⁾	Bathurst Resources Ltd.		16,080	0.0
447		Mainfreight Ltd.		20,689	0.0
46,881		NZME Ltd.		35,225	0.0
8,701		PGG Wrightson Ltd.		25,085	0.0
8,037		Scales Corp. Ltd.		22,078	0.0
51,430		Sky Network Television Ltd.		80,595	0.1
				199,752	0.1

		Norway: 0.9%
32,008		ABG Sundal Collier Holding ASA		20,908	0.0
54,835		Belships ASA		97,134	0.1
170		Bouvet ASA		1,005	0.0
260,757		DNO ASA		321,698	0.1
62,692		Hoegh Autoliners ASA		389,407	0.2
320		Medistim ASA		7,053	0.0
242,488		MPC Container Ships ASA		385,981	0.2
6,522		Pareto Bank ASA		35,079	0.0
165,081	⁽¹⁾	Petroleum Geo-Services ASA		142,278	0.1
11,332	⁽¹⁾	Petronor E&P ASA		907	0.0
3,770		Protector Forsikring ASA		54,317	0.0
1,938		Sparebank 1 Nord Norge		18,039	0.0
3,785		Sparebanken More		31,121	0.0
32,698		Sparebanken Vest		308,833	0.1
23,465		Wallenius Wilhelmsen ASA		222,685	0.1
10,282	⁽²⁾	Western Bulk Chartering AS		44,468	0.0
2,084		Wilh Wilhelmsen Holding ASA		58,877	0.0
				2,139,790	0.9

		Peru: 0.0%
115,655		Hochschild Mining PLC		97,707	0.0

		Philippines: 0.0%
19,260		Ginebra San Miguel, Inc.		40,914	0.0

		Poland: 0.3%
2,061		Asseco South Eastern Europe SA		20,985	0.0
12		Budimex SA		772	0.0
31,188	^(1),(2)	Jastrzebska Spolka Weglowa SA		486,979	0.2
5,039		LiveChat Software SA		146,574	0.1
10,092	⁽¹⁾	PGE Polska Grupa Energetyczna SA		17,475	0.0
335		PlayWay SA		31,548	0.0
204	⁽²⁾	Stalprodukt SA		13,841	0.0
				718,174	0.3

		Portugal: 0.0%
56,765		Sonae SGPS SA		57,859	0.0

		Singapore: 1.1%
3,502		Boustead Singapore Ltd.		2,161	0.0
102,134		China Sunsine Chemical Holdings Ltd.		36,171	0.0
29,800		CSE Global Ltd.		8,526	0.0
30,600		Frasers Centrepoint Ltd.		21,195	0.0
496,000		Frasers Logistics & Commercial Trust		477,398	0.2
559,000		Golden Agri-Resources Ltd.		106,490	0.1
9		Ho Bee Land Ltd.		16	0.0
26,200		Hour Glass Ltd./The		41,572	0.0
553,000	⁽¹⁾	IGG, Inc.		207,984	0.1
616,900		Jiutian Chemical Group Ltd.		38,721	0.0
44,400		LHN Ltd.		10,645	0.0
114,100		Pacific Century Regional Developments Ltd.		35,607	0.1
32,500		Riverstone Holdings Ltd.		16,000	0.0
579,000		SembCorp Industries Ltd.		1,596,693	0.6
83,600		Sing Holdings Ltd.		22,908	0.0
13,300		Sing Investments & Finance Ltd.		15,236	0.0
70,892		Tai Sin Electric Ltd.		21,584	0.0
67,951		Tiong Woon Corp. Holding Ltd.		24,179	0.0
57,500		Wing Tai Holdings Ltd.		67,566	0.0
				2,750,652	1.1

		South Africa: 0.5%
32,769		Emira Property Fund Ltd.		18,268	0.0
46,729		MMI Holdings		50,973	0.0
55,445	⁽¹⁾	Petra Diamonds Ltd.		54,215	0.0
27,924		Sappi Ltd.		82,568	0.0
8,936		Sun International Ltd./South Africa		17,507	0.0
53,688		Sylvania Platinum Ltd.		69,371	0.1
58,815		Thungela Resources Ltd.		764,980	0.3

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		South Africa: (continued)
45,337		Woolworths Holdings Ltd./South Africa	$	196,487	0.1
				1,254,369	0.5

		South Korea: 3.5%
2		Asia Holdings Co., Ltd.		217	0.0
41,646		BNK Financial Group, Inc.		240,252	0.1
7,346		Coway Co. Ltd.		333,129	0.1
2,725		Cuckoo Holdings Co. Ltd.		36,445	0.0
33,171		Dae Hyun Co. Ltd.		61,908	0.0
28,908		Daeduck Electronics Co. Ltd. / New		507,650	0.2
12,648		Daewon San Up Co. Ltd.		58,191	0.0
2,204		Daewoong Co. Ltd.		39,770	0.0
8,329		Dentium Co. Ltd.		800,482	0.3
3,782		DY Corp.		18,123	0.0
8,077		Eusu Holdings Co. Ltd.		42,950	0.0
1,300		Fursys, Inc.		31,318	0.0
4,970		Hanyang Securities Co. Ltd.		35,895	0.0
2,527		Hite Holdings Co. Ltd.		21,042	0.0
19,205		HK inno N Corp.		616,309	0.3
2,040		IDIS Holdings Co. Ltd.		22,823	0.0
5,550		JB Financial Group Co. Ltd.		45,855	0.0
13,462		JYP Entertainment Corp.		798,066	0.3
3,015		Kolon Corp.		54,866	0.0
45,444		Korea Asset In Trust Co. Ltd.		113,794	0.1
11,037		Korea Real Estate Investment Trust Co.		12,429	0.0
421		KPX Chemical Co. Ltd.		16,895	0.0
3,470		LEADCORP, Inc./The		21,850	0.0
4,032		LEENO Industrial, Inc.		562,872	0.2
367		LF Corp.		5,136	0.0
2,618		LG Innotek Co. Ltd.		583,262	0.3
15,961		Lock&Lock Co. Ltd.		90,387	0.1
4,229		Lotte Chilsung Beverage Co., Ltd.		550,136	0.2
8,660		LOTTE Fine Chemical Co. Ltd.		404,519	0.2
6,621		LX International Corp.		189,536	0.1
2,411	⁽¹⁾	MegaStudy Co., Ltd.		21,353	0.0
685		Nice Information & Telecommunication, Inc.		14,834	0.0
3,664	⁽¹⁾	Osstem Implant Co. Ltd.		557,370	0.2
3,716		PHA Co. Ltd.		21,871	0.0
3,023		Rayence Co. Ltd.		30,417	0.0
8,006		Sam Young Electronics Co. Ltd.		61,244	0.0
3,844	⁽¹⁾	Sambo Corrugated Board Co. Ltd.		33,323	0.0
40,048	⁽¹⁾	Samsung Engineering Co. Ltd.		845,176	0.4
9,193		Seah Besteel Holdings Corp.		123,158	0.1
167		SeAH Holdings Corp.		14,261	0.0
1,354	⁽¹⁾	Shinsegae Engineering & Construction Co. Ltd.		24,620	0.0
1,735	⁽¹⁾	SJ Group Co. Ltd.		25,290	0.0
10,720		SNT Dynamics Co., Ltd.		93,686	0.1
126		Taekwang Industrial Co. Ltd.		76,062	0.0
2,511		Uju Electronics Co. Ltd.		30,230	0.0
13,483		Youngone Corp.		479,497	0.2
				8,768,499	3.5

		Spain: 2.1%
63,379		Acerinox S.A.		686,388	0.3
55,179		Applus Services SA		423,484	0.2
378,525		Banco de Sabadell SA		494,868	0.2
154,465		Bankinter S.A.		1,114,461	0.4
24,781		Cia de Distribucion Integral Logista Holdings SA		671,400	0.3
13,536		Corp ACCIONA Energias Renovables SA		553,540	0.2
47,702		Ence Energia y Celulosa S.A		157,194	0.1
101,419		Faes Farma SA		380,148	0.1
68,231		Merlin Properties Socimi SA		666,797	0.3
7,389		Naturhouse Health SAU		14,459	0.0
1,482		Pharma Mar SA		97,728	0.0
				5,260,467	2.1

		Sweden: 2.1%
5,543	⁽¹⁾	Arise AB		26,196	0.0
24,844		Avanza Bank Holding AB		573,241	0.2
5,213		B3 Consulting Group AB		84,992	0.1
96		Beijer Alma AB		1,904	0.0
14,518		Betsson AB		120,343	0.1
17,650		BioGaia AB		155,140	0.1
34,964		Biotage AB		540,367	0.2
684		Bjorn Borg AB		2,067	0.0
1,989		Boule Diagnostics AB		2,837	0.0
413		BTS Group AB		13,191	0.0
2	⁽¹⁾	Careium AB		2	0.0
3,703		Catella AB		13,380	0.0
23,777		Cibus Nordic Real Estate AB		337,053	0.1
6,300	⁽¹⁾	Doro AB		9,350	0.0
12,512		Hanza AB		75,814	0.0
34,526		Hexatronic Group AB		424,962	0.2
959		HMS Networks AB		35,752	0.0
10,089		Inwido AB		109,952	0.0
13,118		Loomis AB		390,096	0.2
1,390		MEKO AB		15,406	0.0
274	⁽¹⁾	Micro Systemation AB		993	0.0
166,960	⁽¹⁾	Net Insight AB		111,442	0.1
8,519		New Wave Group AB		191,688	0.1
11,078		Nilorngruppen AB		96,604	0.0
4,168		OEM International AB		30,888	0.0
354		Probi AB		6,161	0.0
5,165	⁽¹⁾	RaySearch Laboratories AB		38,341	0.0
16,499		Rottneros AB		23,318	0.0
134,168	^(1),(3)	Sinch AB		554,647	0.2
10,346		Softronic AB		22,013	0.0
4,944	⁽¹⁾	Solid Forsakring AB		32,384	0.0
10,025	⁽¹⁾	Tobii AB		20,020	0.0
25,567		Trelleborg AB		639,289	0.3

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		Sweden: (continued)
55,128		Wihlborgs Fastigheter AB	$	453,875	0.2
				5,153,708	2.1

		Switzerland: 4.2%
2,577		Ascom Holding AG		22,822	0.0
2,008		Bucher Industries AG		914,979	0.4
158		Burckhardt Compression Holding AG		97,825	0.0
558		Burkhalter Holding AG		51,851	0.0
501		Calida Holding AG		24,554	0.0
20		Carlo Gavazzi Holding AG		6,815	0.0
59,294		Coca-Cola HBC AG		1,440,924	0.6
2,007		Comet Holding AG		463,939	0.2
11,208	⁽³⁾	Galenica AG		876,551	0.4
663		Huber & Suhner AG		63,584	0.0
14,439		Julius Baer Group Ltd.		926,181	0.4
7,152		Kudelski SA		18,788	0.0
353		Leonteq AG		19,615	0.0
5,940		Meier Tobler Group AG		272,854	0.1
17		Metall Zug AG		38,253	0.0
1,707		Mikron Holding AG		18,832	0.0
8,174		Mobilezone Holding AG		148,424	0.1
33,098		OC Oerlikon Corp. AG		227,243	0.1
47		Phoenix Mecano AG		17,610	0.0
8,838		PSP Swiss Property AG		1,101,779	0.4
850		Siegfried Holding AG		624,434	0.3
8,147		Sulzer AG		693,747	0.3
4,177		Swissquote Group Holding SA		754,393	0.3
2,558		Tecan Group AG		1,073,527	0.4
732		u-blox Holding AG		87,555	0.0
8,232		Vontobel Holding AG		583,014	0.2
				10,570,093	4.2

		Taiwan: 0.3%
127,000		Chien Kuo Construction Co. Ltd.		48,328	0.0
71,000		Everlight Electronics Co., Ltd.		89,040	0.1
18,000		General Interface Solution Holding Ltd.		51,258	0.0
15,000		Global Mixed Mode Technology, Inc.		81,417	0.1
139,107		Kindom Construction Co.		134,779	0.1
20,000		Lida Holdings Ltd.		20,539	0.0
17,000		Nova Technology Corp./Taiwan		50,601	0.0
50,000		Rechi Precision Co. Ltd.		28,247	0.0
19,000		Rich Honour International Designs Co. Ltd.		30,399	0.0
40,850		Taiwan Fire & Marine Insurance Co. Ltd.		28,133	0.0
7,000		Tofu Restaurant Co. Ltd.		53,678	0.0
23,100		Userjoy Technology Co. Ltd.		57,290	0.0
				673,709	0.3

		Thailand: 0.2%
186,100	⁽¹⁾	After You PCL		68,437	0.0
1,285,800		BTS Rail Mass Transit Growth Infrastructure Fund		150,472	0.1
161,000	⁽²⁾	LPN Development PCL		22,474	0.0
35,700		MK Restaurants Group PCL		61,487	0.0
98,900		Pruksa Holding PCL		39,621	0.0
215,800		Ratchaphruek Hospital PCL		41,305	0.0
56,900		Regional Container Lines PCL		56,749	0.0
105,400		Supalai PCL		77,408	0.0
17,700		Thai Stanley Electric PCL - NVDR		100,576	0.1
				618,529	0.2

		Ukraine: 0.0%
2,452	⁽¹⁾	Astarta Holding PLC		13,032	0.0

		United Arab Emirates: 0.1%
23,964		Commercial Bank of Dubai PSC		32,295	0.0
98,080	⁽¹⁾	Emaar Development PJSC		119,428	0.1
7,129		Orascom Construction PLC		23,528	0.0
32,015		Sharjah Islamic Bank		18,080	0.0
				193,331	0.1

		United Kingdom: 10.8%
11,013		4imprint Group PLC		623,145	0.2
42,393	⁽¹⁾	Abcam PLC ADR		587,991	0.2
3,244	⁽¹⁾	accesso Technology Group PLC		32,715	0.0
2,565		AG Barr PLC		17,348	0.0
303,815	⁽³⁾	Airtel Africa PLC		438,606	0.2
12,352		AJ Bell PLC		51,258	0.0
4,660		Anglo-Eastern Plantations PLC		43,663	0.0
9,959		Animalcare Group PLC		22,714	0.0
140,097		Balfour Beatty PLC		632,840	0.3
10,742		Belvoir Group PLC		24,301	0.0
8,747		Berkeley Group Holdings PLC		447,913	0.2
825,444		Centrica Plc		1,028,339	0.4
7,956		Cerillion PLC		111,327	0.1
2,399		Character Group PLC/The		11,322	0.0
5,100		Chesnara PLC		17,971	0.0
30,869		Computacenter PLC		848,355	0.3
3,539		Craneware PLC		63,264	0.0
12,081		Cranswick PLC		473,928	0.2
27,593		CVS Group PLC		686,134	0.3
23,027		dotdigital group plc		26,698	0.0
63,930		Drax Group PLC		510,575	0.2
2,897	⁽¹⁾	Eagle Eye Solutions Group PLC		19,286	0.0
18,305		Ecora Resources PLC		33,445	0.0
335	⁽¹⁾	Endava PLC ADR		29,437	0.0
36,339		Endeavour Mining PLC		856,208	0.4
8,545	⁽¹⁾	Ergomed PLC		126,586	0.0
4,087		FDM Group Holdings PLC		39,553	0.0
16,988	⁽¹⁾	Ferroglobe PLC		80,693	0.0

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Shares				Value	Percentage of Net Assets
COMMON STOCK: (continued)
		United Kingdom: (continued)
14,872		Finsbury Food Group PLC	$	17,785	0.0
57,540		Firstgroup PLC		76,897	0.0
1,615		Foresight Group Holdings Ltd.		9,179	0.0
11,011	⁽¹⁾	Frasers Group PLC		106,502	0.0
27,627		Future PLC		514,436	0.2
85,471		Gem Diamonds Ltd.		31,348	0.0
43,596		Global Ship Lease, Inc.		807,834	0.3
20,558		Gulf Keystone Petroleum Ltd.		52,591	0.0
580		Halfords Group PLC		1,467	0.0
121,348		Harbour Energy PLC		469,350	0.2
992		Hargreaves Services PLC		5,381	0.0
96,333		Hays PLC		146,980	0.1
33,200		Hikma Pharmaceuticals PLC		702,315	0.3
66,945		IG Group Holdings PLC		658,221	0.3
26,923		IMI PLC		482,058	0.2
3,777	⁽¹⁾	Immunocore Holdings PLC ADR		231,417	0.1
78,633		Inchcape PLC		886,564	0.4
17,852	⁽¹⁾	Indivior PLC		428,651	0.2
28,265		International Game Technology PLC		747,609	0.3
75,967		International Personal Finance PLC		79,379	0.0
102,043		Investec PLC - INP - ZAR		658,420	0.3
46,449		Investec PLC - INVP - GBP		296,401	0.1
41,361		JET2 PLC		623,499	0.2
350		Judges Scientific PLC		36,160	0.0
26,179		Just Group PLC		26,481	0.0
3,215		Keystone Law Group PLC		17,143	0.0
223,368		LondonMetric Property PLC		520,461	0.2
24,278		Macfarlane Group PLC		31,128	0.0
218,025		Man Group PLC/Jersey		670,744	0.3
300,312	⁽¹⁾	Marks & Spencer Group PLC		541,707	0.2
31,691		Mears Group PLC		80,146	0.0
5,425		Morgan Sindall PLC		109,820	0.1
3,725		MP Evans Group PLC		37,467	0.0
14,527		Ninety One PLC		35,479	0.0
18,017		Norcros PLC		45,315	0.0
13,291		Numis Corp. PLC		33,919	0.0
142,573		OSB Group PLC		961,211	0.4
32,351	⁽¹⁾	Oxford Biomedica PLC		169,905	0.1
30,578		Oxford Metrics PLC		39,206	0.0
40,963		Pagegroup PLC		230,606	0.1
26,072		Pan African Resources PLC		5,414	0.0
92,165	⁽¹⁾	Playtech Ltd.		641,984	0.3
15,419		Polar Capital Holdings PLC		98,468	0.1
141,534		QinetiQ PLC		634,863	0.2
49,739		Redrow PLC		319,038	0.1
2,983		Robert Walters PLC		18,462	0.0
57,884		RS GROUP PLC		672,950	0.3
69,703		Safestore Holdings PLC		867,920	0.3
35,227		Savills PLC		423,800	0.2
386,922		Serco Group PLC		695,966	0.3
226,119		Speedy Hire PLC		111,926	0.1
171,737		Spirent Communications PLC		465,423	0.2
40,308		SThree PLC		210,701	0.1
5,460		Stolt-Nielsen Ltd.		143,559	0.1
51,880		Tate & Lyle PLC		483,109	0.2
5,909		Telecom Plus PLC		145,535	0.1
252,749		Tritax Big Box REIT Plc		486,988	0.2
234,824		Virgin Money UK PLC - VMUKL - GBP		561,864	0.2
22,583		Virgin Money UK PLC - VUK - AUD		53,843	0.0
937		Vp PLC		8,202	0.0
34,585	^(1),(3)	Watches of Switzerland Group PLC		405,998	0.2
				26,962,810	10.8

		United States: 0.7%
23,787	⁽¹⁾	Civeo Corp.		814,705	0.4
15,100	⁽¹⁾	Hamilton Thorne Ltd.		17,477	0.0
26,922	⁽¹⁾	IBEX Holdings Ltd.		718,548	0.3
7,259	⁽¹⁾	MeiraGTx Holdings plc		60,685	0.0
216	⁽¹⁾	Nova Ltd.		19,591	0.0
41,631	⁽¹⁾	Venator Materials PLC		25,395	0.0
				1,656,401	0.7

	Total Common Stock
	(Cost $235,225,491)			244,099,371	98.1

EXCHANGE-TRADED FUNDS: 0.6%
31,443		Vanguard FTSE Developed Markets ETF		1,438,831	0.6
	Total Exchange-Traded Funds
	(Cost $1,387,288)			1,438,831	0.6

PREFERRED STOCK: 0.2%
		Brazil: 0.1%
32,700		Metalurgica Gerdau SA		93,534	0.1

		Germany: 0.1%
1,028		Draegerwerk AG & Co. KGaA		46,022	0.0
88		KSB SE & Co. KGaA		38,149	0.0
8,138		Schaeffler AG		58,410	0.1
1,593		Villeroy & Boch AG		34,204	0.0
				176,785	0.1

		South Africa: 0.0%
776		Absa Bank Ltd.		37,930	0.0

	Total Preferred Stock
	(Cost $348,792)			308,249	0.2

	Total Long-Term Investments
	(Cost $236,961,571)			245,846,451	98.9

Voya Multi-Manager International Small Cap Fund	PORTFOLIO OF INVESTMENTS
	as of January 31, 2023 (Unaudited) (Continued)

Principal Amount†				Value		Percentage of Net Assets
SHORT-TERM INVESTMENTS: 2.4%
		Repurchase Agreements: 0.6%
510,535	⁽⁵⁾	Bank of America Inc., Repurchase Agreement dated 01/31/23, 4.30%, due 02/01/23 (Repurchase Amount $510,595, collateralized by various U.S. Government Agency Obligations, 0.010%-5.500%, Market Value plus accrued interest $520,746, due 02/25/32-09/01/61)	$	510,535		0.2
1,000,000	⁽⁵⁾	RBC Dominion Securities Inc., Repurchase Agreement dated 01/31/23, 4.30%, due 02/01/23 (Repurchase Amount $1,000,118, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $1,020,000, due 02/07/23-12/20/52)		1,000,000		0.4

	Total Repurchase Agreements
	(Cost $1,510,535)			1,510,535		0.6

Shares				Value		Percentage of Net Assets
		Mutual Funds: 1.8%
4,539,331	⁽⁶⁾	BlackRock Liquidity Funds, FedFund, Institutional Class, 4.070%
		(Cost $4,539,331)		4,539,331		1.8

	Total Short-Term Investments
	(Cost $6,049,866)			6,049,866		2.4

	Total Investments in Securities (Cost $243,011,437)		$	251,896,317		101.3
	Liabilities in Excess of Other Assets			(3,116,418	)	(1.3)
	Net Assets		$	248,779,899		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, 2023.

Sector Diversification	Percentage of Net Assets
Industrials	23.1	%
Materials	13.4
Information Technology	11.0
Consumer Discretionary	10.4
Health Care	9.3
Financials	8.5
Real Estate	6.6
Energy	6.4
Communication Services	4.1
Consumer Staples	3.0
Utilities	2.5
Exchange-Traded Funds	0.6
Short-Term Investments	2.4
Liabilities in Excess of Other Assets	(1.3	)
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, 2023 (Unaudited) (Continued)

Fair Value Measurements

The following is a summary of the fair valuations according to the inputs used as of January 31, 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 January 31, 2023
Asset Table
Investments, at fair value
Common Stock
Australia	$	876,822	$	20,992,155	$	–	$	21,868,977
Austria		60,849		864,307		–		925,156
Belgium		35,130		140,206		–		175,336
Brazil		1,004,558		–		–		1,004,558
Canada		29,209,027		–		–		29,209,027
China		175,750		2,390,088		–		2,565,838
Denmark		786		5,237,555		–		5,238,341
Egypt		–		24,437		–		24,437
Finland		238,344		2,558,995		–		2,797,339
France		821,592		18,306,093		–		19,127,685
Germany		214,541		16,233,860		–		16,448,401
Greece		38,330		628,095		–		666,425
Guernsey		165,255		–		–		165,255
Hong Kong		667,961		3,283,591		–		3,951,552
India		–		421,841		–		421,841
Indonesia		428,717		722,150		–		1,150,867
Ireland		633,434		2,886,504		–		3,519,938
Israel		4,281,475		362,886		–		4,644,361
Italy		10,839		5,620,779		–		5,631,618
Japan		725,111		46,840,340		–		47,565,451
Luxembourg		54,913		547,690		–		602,603
Malaysia		31,618		213,383		–		245,001
Malta		–		584		–		584
Mauritius		27,022		–		–		27,022
Mexico		1,092,486		–		–		1,092,486
Netherlands		625,109		7,274,367		–		7,899,476
New Zealand		25,085		174,667		–		199,752
Norway		507,366		1,632,424		–		2,139,790
Peru		–		97,707		–		97,707
Philippines		–		40,914		–		40,914
Poland		146,574		571,600		–		718,174
Portugal		–		57,859		–		57,859
Singapore		151,354		2,599,298		–		2,750,652
South Africa		1,079,810		174,559		–		1,254,369
South Korea		–		8,768,499		–		8,768,499
Spain		14,459		5,246,008		–		5,260,467
Sweden		379,506		4,774,202		–		5,153,708
Switzerland		75,873		10,494,220		–		10,570,093
Taiwan		–		673,709		–		673,709
Thailand		–		618,529		–		618,529
Ukraine		–		13,032		–		13,032
United Arab Emirates		32,295		161,036		–		193,331
United Kingdom		7,665,482		19,297,328		–		26,962,810
United States		1,656,401		–		–		1,656,401
Total Common Stock		53,153,874		190,945,497		–		244,099,371
Exchange-Traded Funds		1,438,831		–		–		1,438,831
Preferred Stock		165,668		142,581		–		308,249
Short-Term Investments		4,539,331		1,510,535		–		6,049,866
Total Investments, at fair value	$	59,297,704	$	192,598,613	$	–	$	251,896,317

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, 2023 (Unaudited) (Continued)

At January 31, 2023, 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 $245,694,926.

Net unrealized appreciation consisted of:

Gross Unrealized Appreciation	$	27,605,326
Gross Unrealized Depreciation		(20,984,883	)
Net Unrealized Appreciation	$	6,620,443

Voya MUTUAL FUNDS NPORT-PVoya Multi-manager International Small Cap Fund (Jan 2023 report)