Voya MUTUAL FUNDS NPORT-P Voya Multi-manager International Factors Fund (Jan 2024 report)

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

1

Voya

Multi-Manager

International Factors Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK

:

98.0%

Australia

:

6.4%

46,265 

Ampol

Ltd.

$

1,094,286

0.3

29,802 

ANZ

Group

Holdings

Ltd.

525,839

0.1

45,655 

BHP

Group

Ltd.

-

Class

DI

1,396,774

0.4

69,182 

BlueScope

Steel

Ltd.

1,056,295

0.3

178,518 

Brambles

Ltd.

1,702,132

0.5

3,129 

Cochlear

Ltd.

620,949

0.2

81,648 

Coles

Group

Ltd.

847,294

0.2

18,675 

Commonwealth

Bank

of

Australia

1,424,055

0.4

28,574 

Computershare

Ltd.

473,280

0.1

642 

CSL

Ltd.

126,075

0.0

66,027 

CSR

Ltd.

297,319

0.1

21,317 

Fortescue

Metals

Group

Ltd.

411,990

0.1

51,823 

Goodman

Group

860,221

0.2

3,750 

HUB24

Ltd.

90,623

0.0

183,237 

Insurance

Australia

Group

Ltd.

719,285

0.2

15,684 

JB

Hi-Fi

Ltd.

583,485

0.2

83,510 

Lottery

Corp.

Ltd.

274,113

0.1

561,206 

Medibank

Pvt

Ltd.

1,405,063

0.4

7,572 

Orica

Ltd.

79,861

0.0

258,721 

(1)

Qantas

Airways

Ltd.

932,786

0.3

119,619 

QBE

Insurance

Group

Ltd.

1,231,670

0.4

14,934 

Rio

Tinto

Ltd.

1,285,035

0.4

51,185 

Santos

Ltd.

258,687

0.1

23,572 

Sonic

Healthcare

Ltd.

491,482

0.1

72,150 

Steadfast

Group

Ltd.

279,176

0.1

36,785 

Suncorp

Group

Ltd.

338,590

0.1

27,248 

Super

Retail

Group

Ltd.

281,205

0.1

386,414 

Telstra

Group

Ltd.

1,019,105

0.3

32,260 

Wesfarmers

Ltd.

1,221,268

0.3

15,936 

Woodside

Energy

Group

Ltd.

(WDS)

333,322

0.1

41,048 

Woolworths

Group

Ltd.

964,014

0.3

22,625,279

6.4

Austria

:

0.1%

2,674 

Andritz

AG

164,617

0.0

8,202 

voestalpine

AG

244,023

0.1

408,640

0.1

Belgium

:

0.3%

8,541 

Solvay

SA

233,582

0.1

8,541 

(1)

Syensqo

SA

761,401

0.2

994,983

0.3

Brazil

:

0.3%

57,100 

Ambev

SA

150,864

0.0

80,700 

BB

Seguridade

Participacoes

SA

560,326

0.2

39,500 

Telefonica

Brasil

SA

409,000

0.1

1,120,190

0.3

Canada

:

4.9%

26,417 

Alimentation

Couche-Tard,

Inc.

1,547,942

0.4

37,936 

ARC

Resources

Ltd.

589,165

0.2

2,954 

Atco

Ltd./Canada

-

Class

I

82,614

0.0

14,979 

Brookfield

Asset

Management

Ltd.

-

Class

A

602,302

0.2

5,141 

Canadian

National

Railway

Co.

637,745

0.2

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Canada

(continued)

12,386 

Canadian

Natural

Resources

Ltd.

$

792,660

0.2

3,785 

Canadian

Pacific

Kansas

City

Ltd.

304,585

0.1

7,684 

(1)

CGI,

Inc.

860,503

0.2

187 

Constellation

Software,

Inc./Canada

516,840

0.1

3,073 

(1)

Descartes

Systems

Group,

Inc.

269,072

0.1

6,745 

Dollarama,

Inc.

495,020

0.1

426 

Fairfax

Financial

Holdings

Ltd.

444,067

0.1

3,468 

FirstService

Corp.

580,438

0.2

4,081 

George

Weston

Ltd.

519,971

0.2

9,899 

iA

Financial

Corp.,

Inc.

672,966

0.2

5,218 

Imperial

Oil

Ltd.

300,982

0.1

3,961 

Intact

Financial

Corp.

619,436

0.2

3,068 

Loblaw

Cos.

Ltd.

306,583

0.1

7,638 

Magna

International,

Inc.

434,095

0.1

52,323 

Manulife

Financial

Corp.

1,156,636

0.3

6,938 

Metro,

Inc.

364,278

0.1

5,586 

Restaurant

Brands

International,

Inc.

436,052

0.1

9,222 

Royal

Bank

of

Canada

900,010

0.3

11,679 

(1)

Shopify,

Inc.

-

Class

A

934,963

0.3

11,527 

Sun

Life

Financial,

Inc.

597,506

0.2

15,704 

Suncor

Energy,

Inc.

520,021

0.2

3,454 

Thomson

Reuters

Corp.

512,814

0.1

19,035 

Toronto-Dominion

Bank

1,156,301

0.3

17,155,567

4.9

Chile

:

0.1%

3,910,803 

Cia

Sud

Americana

de

Vapores

SA

281,807

0.1

China

:

1.3%

123,320 

Alibaba

Group

Holding

Ltd.

1,106,054

0.3

20,972 

(1)

Baidu,

Inc.

-

Class

A

271,529

0.1

11,000 

BYD

Co.

Ltd.

-

Class

H

246,292

0.1

838,000 

China

Construction

Bank

Corp.

-

Class

H

497,658

0.1

30,382 

JD.com,

Inc.

-

Class

A

342,592

0.1

600 

Kweichow

Moutai

Co.

Ltd.

-

Class

A

134,297

0.0

23,830 

(1)(2)

Meituan

-

Class

B

191,670

0.1

7,875 

NetEase,

Inc.

153,075

0.0

804,000 

PetroChina

Co.

Ltd.

-

Class

H

581,586

0.2

19,900 

Tencent

Holdings

Ltd.

690,755

0.2

14,400 

(2)

WuXi

AppTec

Co.

Ltd.

-

Class

H

99,633

0.0

476,000 

Zhejiang

Expressway

Co.

Ltd.

-

Class

H

353,602

0.1

4,668,743

1.3

Denmark

:

2.3%

5,947 

Carlsberg

AS

-

Class

B

765,185

0.2

42,469 

Danske

Bank

A/S

1,140,356

0.3

5,191 

DSV

A/S

928,721

0.3

42,798 

Novo

Nordisk

A/S

-

Class

B

4,892,002

1.4

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

2

Voya

Multi-Manager

International Factors Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Denmark

(continued)

9,040 

(1)

Vestas

Wind

Systems

A/S

$

254,883

0.1

7,981,147

2.3

Finland

:

1.0%

29,048 

Fortum

Oyj

397,089

0.1

24,137 

Kesko

Oyj

-

Class

B

471,384

0.2

8,687 

Kone

Oyj

-

Class

B

430,016

0.1

63,661 

Nordea

Bank

Abp

784,551

0.2

30,803 

UPM-Kymmene

Oyj

1,120,369

0.3

21,189 

Wartsila

Oyj

Abp

312,569

0.1

3,515,978

1.0

France

:

9.9%

14,647 

Air

Liquide

SA

2,740,932

0.8

3,556 

Airbus

SE

566,418

0.2

4,980 

Arkema

SA

541,986

0.1

45,049 

AXA

SA

1,512,078

0.4

44,968 

Bollore

SE

297,014

0.1

4,988 

Capgemini

SE

1,108,934

0.3

18,822 

Carrefour

SA

321,333

0.1

32,907 

Cie

de

Saint-Gobain

2,326,731

0.7

25,711 

Cie

Generale

des

Etablissements

Michelin

SCA

853,671

0.2

9,426 

Danone

SA

627,992

0.2

3,613 

Edenred

215,798

0.1

3,261 

Eiffage

SA

341,198

0.1

136,127 

Engie

SA

2,174,276

0.6

6,542 

EssilorLuxottica

SA

1,282,051

0.4

3,833 

Gecina

SA

422,727

0.1

618 

Hermes

International

1,303,765

0.4

16,684 

Legrand

SA

1,616,934

0.4

2,253 

L'Oreal

SA

1,078,179

0.3

2,133 

LVMH

Moet

Hennessy

Louis

Vuitton

SE

1,774,774

0.5

51,445 

Orange

SA

611,778

0.2

1,541 

Pernod

Ricard

SA

252,701

0.1

10,906 

Publicis

Groupe

SA

1,092,706

0.3

14,486 

Rexel

SA

385,808

0.1

2,000 

Safran

SA

373,416

0.1

25,312 

Sanofi

2,534,873

0.7

9,015 

Schneider

Electric

SE

1,770,991

0.5

7,813 

STMicroelectronics

NV

343,048

0.1

1,977 

Thales

SA

289,143

0.1

56,017 

TotalEnergies

SE

3,634,120

1.0

29,538 

Veolia

Environnement

SA

962,457

0.3

8,514 

Vinci

SA

1,075,504

0.3

4,633 

Wendel

SE

420,038

0.1

34,853,374

9.9

Germany

:

7.1%

1,046 

Allianz

SE

279,465

0.1

15,089 

BASF

SE

721,311

0.2

24,031 

Bayerische

Motoren

Werke

AG

2,500,489

0.7

2,519 

Beiersdorf

AG

368,628

0.1

13,128 

Brenntag

SE

1,160,642

0.3

4,817 

Commerzbank

AG

55,316

0.0

5,628 

Continental

AG

459,753

0.1

4,751 

(1)(2)

Covestro

AG

250,878

0.1

36,769 

Deutsche

Post

AG,

Reg

1,761,012

0.5

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Germany

(continued)

44,462 

Deutsche

Telekom

AG,

Reg

$

1,091,441

0.3

346,819 

E.ON

SE

4,692,191

1.3

25,272 

GEA

Group

AG

1,012,115

0.3

16,913 

Heidelberg

Materials

AG

1,561,816

0.4

17,321 

(1)

HelloFresh

SE

229,065

0.1

11,665 

KION

Group

AG

532,213

0.2

19,014 

Mercedes-Benz

Group

AG

1,283,683

0.4

1,122 

MTU

Aero

Engines

AG

257,981

0.1

5,902 

RWE

AG

217,934

0.1

12,826 

SAP

SE

2,222,051

0.6

14,037 

Siemens

AG,

Reg

2,512,948

0.7

5,581 

(2)

Siemens

Healthineers

AG

310,588

0.1

2,366 

Talanx

AG

166,000

0.1

109,769 

thyssenkrupp

AG

677,458

0.2

25,334 

(1)(2)

Zalando

SE

505,833

0.1

24,830,811

7.1

Hong

Kong

:

0.5%

30,400 

AIA

Group

Ltd.

238,410

0.1

9,800 

Jardine

Matheson

Holdings

Ltd.

(SGX:J36)

393,511

0.1

17,327 

(1)

Melco

Resorts

&

Entertainment

Ltd.,

ADR

135,324

0.0

115,500 

Swire

Pacific

Ltd.

-

Class

A

893,627

0.3

1,660,872

0.5

Hungary

:

0.1%

6,302 

OTP

Bank

Nyrt

291,964

0.1

India

:

0.7%

187,563 

(2)

Equitas

Small

Finance

Bank

Ltd.

234,777

0.1

6,177 

(2)

HDFC

Asset

Management

Co.

Ltd.

266,450

0.1

21,525 

ICICI

Bank

Ltd.,

ADR

525,210

0.2

9,915 

Larsen

&

Toubro

Ltd.

415,094

0.1

61,868 

REC

Ltd.

371,651

0.1

3,629 

Tata

Consultancy

Services

Ltd.

166,684

0.0

33,438 

Tata

Motors

Ltd.

355,875

0.1

2,335,741

0.7

Indonesia

:

0.2%

3,099,700 

Aneka

Tambang

Tbk

304,121

0.1

694,800 

Bank

Rakyat

Indonesia

Persero

Tbk

PT

250,292

0.1

554,413

0.2

Ireland

:

1.4%

8,072 

CRH

PLC

579,247

0.2

25,341 

CRH

PLC

-

London

1,797,729

0.5

9,812 

DCC

PLC

713,325

0.2

7,023 

Experian

PLC

292,314

0.1

21,122 

Glanbia

PLC

377,549

0.1

8,457 

(1)

James

Hardie

Industries

PLC

317,734

0.1

1,533 

Kerry

Group

PLC

-

Class

A

136,642

0.0

2,271 

(1)

PDD

Holdings,

Inc.,

ADR

288,122

0.1

12,030 

Smurfit

Kappa

Group

PLC

447,902

0.1

4,950,564

1.4

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

3

Voya

Multi-Manager

International Factors Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Israel

:

0.0%

937 

(1)

Monday.com

Ltd.

$

196,807

0.0

Italy

:

3.4%

378,341 

A2A

SpA

750,120

0.2

444,370 

Enel

SpA

3,032,091

0.9

146,979 

Eni

SpA

2,343,032

0.7

5,547 

Ferrari

NV

1,934,437

0.5

126,892 

Hera

SpA

446,992

0.1

338,536 

Intesa

Sanpaolo

SpA

1,043,125

0.3

5,088 

Moncler

SpA

312,996

0.1

11,105 

Prysmian

SpA

488,728

0.1

3,746 

Recordati

Industria

Chimica

e

Farmaceutica

SpA

206,757

0.1

34,454 

Terna

-

Rete

Elettrica

Nazionale

290,517

0.1

38,445 

UniCredit

SpA

1,126,128

0.3

11,974,923

3.4

Japan

:

22.1%

8,700 

Aisin

Corp.

324,815

0.1

18,000 

Ajinomoto

Co.,

Inc.

739,169

0.2

20,900 

Alfresa

Holdings

Corp.

342,738

0.1

29,100 

Amada

Co.

Ltd.

314,037

0.1

105,700 

Asahi

Kasei

Corp.

801,580

0.2

59,600 

Astellas

Pharma,

Inc.

693,892

0.2

19,500 

Azbil

Corp.

630,137

0.2

15,500 

Bridgestone

Corp.

671,657

0.2

18,800 

Canon,

Inc.

517,886

0.1

9,700 

Central

Japan

Railway

Co.

242,429

0.1

105,800 

Chubu

Electric

Power

Co.,

Inc.

1,372,511

0.4

37,900 

Citizen

Watch

Co.

Ltd.

240,373

0.1

17,700 

COMSYS

Holdings

Corp.

387,543

0.1

5,200 

Daito

Trust

Construction

Co.

Ltd.

591,503

0.2

29,000 

Daiwa

House

Industry

Co.

Ltd.

896,737

0.3

26,600 

Denso

Corp.

417,834

0.1

4,300 

East

Japan

Railway

Co.

245,928

0.1

18,800 

Electric

Power

Development

Co.

Ltd.

315,793

0.1

463,400 

ENEOS

Holdings,

Inc.

1,871,466

0.5

60,700 

Fujikura

Ltd.

498,985

0.1

4,200 

Fujitsu

Ltd.

581,340

0.2

7,900 

Furukawa

Electric

Co.

Ltd.

143,705

0.0

38,800 

Hitachi

Ltd.

3,047,754

0.9

213,100 

Honda

Motor

Co.

Ltd.

2,382,045

0.7

3,100 

Horiba

Ltd.

248,726

0.1

22,400 

Inpex

Corp.

304,471

0.1

35,900 

ITOCHU

Corp.

1,629,290

0.5

10,400 

Iwatani

Corp.

464,740

0.1

16,600 

Japan

Tobacco,

Inc.

437,533

0.1

27,200 

JVCKenwood

Corp.

132,277

0.0

11,500 

Kamigumi

Co.

Ltd.

264,567

0.1

56,900 

Kansai

Electric

Power

Co.,

Inc.

776,238

0.2

33,800 

Kansai

Paint

Co.

Ltd.

565,130

0.2

49,600 

KDDI

Corp.

1,643,499

0.5

600 

Keyence

Corp.

268,439

0.1

23,200 

Kinden

Corp.

386,618

0.1

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Japan

(continued)

9,400 

Kintetsu

Group

Holdings

Co.

Ltd.

$

290,060

0.1

69,900 

Kirin

Holdings

Co.

Ltd.

1,004,740

0.3

57,400 

Komatsu

Ltd.

1,633,028

0.5

22,200 

Makita

Corp.

597,513

0.2

66,900 

Marubeni

Corp.

1,141,091

0.3

94,300 

Mazda

Motor

Corp.

1,143,241

0.3

26,600 

Medipal

Holdings

Corp.

424,562

0.1

18,700 

MEIJI

Holdings

Co.

Ltd.

452,252

0.1

227,300 

Mitsubishi

Chemical

Group

Corp.

1,370,561

0.4

168,100 

Mitsubishi

Corp.

2,897,195

0.8

42,700 

Mitsubishi

Electric

Corp.

633,681

0.2

90,200 

Mitsubishi

UFJ

Financial

Group,

Inc.

844,863

0.2

42,700 

Mitsui

&

Co.

Ltd.

1,731,795

0.5

14,500 

Mitsui

Chemicals,

Inc.

426,739

0.1

45,500 

Nikon

Corp.

464,352

0.1

16,500 

Nintendo

Co.

Ltd.

921,870

0.3

18,400 

Nippon

Steel

Corp.

442,790

0.1

266,200 

Nippon

Telegraph

&

Telephone

Corp.

334,282

0.1

13,300 

Nippon

Yusen

KK

458,329

0.1

12,300 

Nissin

Foods

Holdings

Co.

Ltd.

397,922

0.1

10,400 

Niterra

Co.

Ltd.

280,058

0.1

23,400 

Nitto

Denko

Corp.

1,941,214

0.6

761 

Nomura

Real

Estate

Master

Fund,

Inc.

832,736

0.2

151,700 

Obayashi

Corp.

1,404,217

0.4

1,400 

Obic

Co.

Ltd.

215,054

0.1

25,600 

Olympus

Corp.

378,974

0.1

17,500 

ORIX

Corp.

337,912

0.1

17,100 

Osaka

Gas

Co.

Ltd.

360,072

0.1

10,300 

Otsuka

Holdings

Co.

Ltd.

404,876

0.1

98,600 

Panasonic

Holdings

Corp.

928,692

0.3

185,000 

Persol

Holdings

Co.

Ltd.

294,097

0.1

27,100 

Ricoh

Co.

Ltd.

213,006

0.1

16,800 

Rohm

Co.

Ltd.

289,955

0.1

8,700 

Sankyo

Co.

Ltd.

532,149

0.1

36,700 

Sanwa

Holdings

Corp.

560,929

0.2

4,200 

SCREEN

Holdings

Co.

Ltd.

411,849

0.1

9,200 

Secom

Co.

Ltd.

667,739

0.2

95,700 

Sekisui

Chemical

Co.

Ltd.

1,366,361

0.4

18,000 

Sekisui

House

Ltd.

406,336

0.1

7,100 

Seven

&

i

Holdings

Co.

Ltd.

280,413

0.1

17,600 

SG

Holdings

Co.

Ltd.

227,922

0.1

2,500 

Shimamura

Co.

Ltd.

274,271

0.1

61,800 

Shimizu

Corp.

413,697

0.1

47,900 

Shin-Etsu

Chemical

Co.

Ltd.

1,885,449

0.5

33,700 

SoftBank

Corp.

447,733

0.1

31,800 

Sojitz

Corp.

750,525

0.2

8,900 

Sony

Group

Corp.

872,809

0.2

24,700 

Subaru

Corp.

492,748

0.1

44,700 

Sumitomo

Corp.

1,028,004

0.3

51,400 

Sumitomo

Electric

Industries

Ltd.

683,189

0.2

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

4

Voya

Multi-Manager

International Factors Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Japan

(continued)

32,300 

Sumitomo

Mitsui

Financial

Group,

Inc.

$

1,680,032

0.5

51,400 

Sumitomo

Mitsui

Trust

Holdings,

Inc.

1,053,354

0.3

12,400 

Suzuken

Co.

Ltd./Aichi

Japan

384,908

0.1

33,700 

Takeda

Pharmaceutical

Co.

Ltd.

990,459

0.3

29,700 

Teijin

Ltd.

273,222

0.1

10,800 

Tobu

Railway

Co.

Ltd.

286,019

0.1

60,100 

Tokio

Marine

Holdings,

Inc.

1,584,683

0.4

10,100 

Tokyo

Electron

Ltd.

1,874,282

0.5

90,100 

Tokyo

Gas

Co.

Ltd.

2,069,767

0.6

17,800 

TOPPAN

Holdings,

Inc.

490,647

0.1

3,300 

Toyota

Industries

Corp.

279,111

0.1

59,000 

Toyota

Motor

Corp.

1,178,101

0.3

16,600 

Toyota

Tsusho

Corp.

1,087,822

0.3

5,500 

Ulvac,

Inc.

269,189

0.1

8,100 

USS

Co.

Ltd.

153,182

0.0

27,400 

Yamato

Holdings

Co.

Ltd.

473,648

0.1

50,900 

Yokogawa

Electric

Corp.

1,000,221

0.3

6,900 

Zenkoku

Hosho

Co.

Ltd.

256,773

0.1

77,572,657

22.1

Jordan

:

0.2%

23,634 

Hikma

Pharmaceuticals

PLC

576,599

0.2

Mexico

:

0.2%

1,310 

Coca-Cola

Femsa

SAB

de

CV

-

Foreign,

ADR

124,372

0.0

48,300 

Grupo

Financiero

Banorte

SAB

de

CV

-

Class

O

491,124

0.2

615,496

0.2

Netherlands

:

4.7%

3,706 

Akzo

Nobel

NV

284,666

0.1

2,715 

ASML

Holding

NV

2,355,492

0.7

19,679 

EXOR

NV

1,903,985

0.6

4,649 

Heineken

Holding

NV

390,085

0.1

2,622 

Heineken

NV

263,760

0.1

2,707 

IMCD

NV

413,197

0.1

104,408 

ING

Groep

NV

1,483,472

0.4

100,775 

Koninklijke

Ahold

Delhaize

NV

2,834,101

0.8

454,205 

Koninklijke

KPN

NV

1,545,082

0.4

53,744 

(1)

Koninklijke

Philips,

N.V.

1,136,979

0.3

19,276 

Randstad

NV

1,096,033

0.3

68,408 

Stellantis

NV

(STLAM)

1,506,793

0.4

9,853 

Wolters

Kluwer

NV

1,452,495

0.4

16,666,140

4.7

New

Zealand

:

0.2%

19,115 

Fisher

&

Paykel

Healthcare

Corp.

Ltd.

276,079

0.1

168,458 

Spark

New

Zealand

Ltd.

547,286

0.1

823,365

0.2

Norway

:

0.6%

46,427 

Equinor

ASA

1,328,606

0.4

21,016 

Yara

International

ASA

694,635

0.2

2,023,241

0.6

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Poland

:

0.1%

21,096 

Polski

Koncern

Naftowy

ORLEN

SA

$

328,938

0.1

Portugal

:

0.3%

48,140 

Galp

Energia

SGPS

SA

757,805

0.2

12,648 

Jeronimo

Martins

SGPS

SA

287,656

0.1

1,045,461

0.3

Russia

:

—%

4,061 

(3)

Lukoil

PJSC

—

—

Saudi

Arabia

:

0.2%

89,859 

(2)

Saudi

Arabian

Oil

Co.

732,000

0.2

Singapore

:

1.0%

32,400 

DBS

Group

Holdings

Ltd.

767,404

0.2

423,600 

Genting

Singapore

Ltd.

318,126

0.1

29,751 

Hafnia

Ltd.

216,345

0.0

40,300 

Oversea-Chinese

Banking

Corp.

Ltd.

385,485

0.1

230,000 

Singapore

Airlines

Ltd.

1,141,555

0.3

88,400 

Singapore

Exchange

Ltd.

617,265

0.2

12,400 

United

Overseas

Bank

Ltd.

261,374

0.1

3,707,554

1.0

South

Africa

:

0.1%

41,405 

MTN

Group

Ltd.

211,288

0.1

South

Korea

:

1.9%

22,188 

Doosan

Bobcat,

Inc.

845,009

0.2

3,112 

Hyundai

Mobis

Co.

Ltd.

487,817

0.1

1,875 

Hyundai

Motor

Co.

272,719

0.1

10,808 

(1)

Kia

Corp.

830,174

0.2

8,097 

KT&G

Corp.

549,902

0.2

6,970 

(1)

Posco

International

Corp.

273,592

0.1

2,957 

Samsung

C&T

Corp.

305,471

0.1

39,700 

Samsung

Electronics

Co.

Ltd.

2,157,173

0.6

1,595 

(1)

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

315,618

0.1

5,419 

SK

Hynix,

Inc.

542,662

0.2

6,580,137

1.9

Spain

:

2.0%

21,611 

ACS

Actividades

de

Construccion

y

Servicios

SA

852,778

0.2

1,794 

(2)

Aena

SME

SA

317,370

0.1

9,317 

Amadeus

IT

Group

SA

652,936

0.2

32,972 

Banco

Bilbao

Vizcaya

Argentaria

SA

308,598

0.1

59,636 

Bankinter

SA

368,198

0.1

17,803 

Endesa

SA

352,711

0.1

84,791 

Iberdrola

SA

1,020,961

0.3

30,125 

Industria

de

Diseno

Textil

SA

1,288,061

0.4

8,290 

Naturgy

Energy

Group

SA

223,230

0.1

82,312 

Repsol

SA

1,215,602

0.3

103,801 

Telefonica

SA

422,347

0.1

7,022,792

2.0

Sweden

:

2.5%

19,339 

Assa

Abloy

AB

-

Class

B

530,386

0.1

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

5

Voya

Multi-Manager

International Factors Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Sweden

(continued)

25,162 

Atlas

Copco

AB

-

Class

A

$

401,571

0.1

10,115 

Boliden

AB

268,479

0.1

76,343 

(4)

Elekta

AB

-

Class

B

576,062

0.2

24,323 

Epiroc

AB

-

Class

A

429,757

0.1

53,347 

Essity

AB

-

Class

B

1,252,763

0.4

53,358 

Investor

AB

-

Class

B

1,256,302

0.4

17,454 

Saab

AB

-

Class

B

1,123,880

0.3

596,059 

Samhallsbyggnadsbolaget

i

Norden

AB

273,111

0.1

22,428 

Sandvik

AB

471,345

0.1

30,577 

Swedbank

AB

-

Class

A

623,098

0.2

65,742 

Volvo

AB

-

Class

B

1,575,528

0.4

60,088 

(1)

Volvo

Car

AB

-

Class

B

156,650

0.0

8,938,932

2.5

Switzerland

:

7.2%

45,812 

ABB

Ltd.,

Reg

1,938,390

0.5

670 

Alcon,

Inc.

50,434

0.0

1,798 

BKW

AG

285,646

0.1

2 

Chocoladefabriken

Lindt

&

Spruengli

AG

253,518

0.1

23 

Chocoladefabriken

Lindt

&

Spruengli

AG

-

Class

PC

292,306

0.1

1,619 

Cie

Financiere

Richemont

SA

240,477

0.1

33,227 

Coca-Cola

HBC

AG

-

Class

DI

976,765

0.3

1,340 

Geberit

AG,

Reg

771,342

0.2

6,357 

Georg

Fischer

AG

425,465

0.1

121,113 

Glencore

PLC

640,803

0.2

46,003 

Holcim

AG

3,513,657

1.0

7,805 

Julius

Baer

Group

Ltd.

424,915

0.1

4,633 

Kuehne

+

Nagel

International

AG

1,570,030

0.4

15,829 

Logitech

International

SA

1,326,997

0.4

23,651 

Nestle

SA

2,695,046

0.8

34,594 

Novartis

AG,

Reg

3,577,497

1.0

381 

Partners

Group

Holding

AG

514,036

0.1

1,366 

PSP

Swiss

Property

AG,

Reg

181,811

0.0

7,605 

Roche

Holding

AG

2,165,268

0.6

1,961 

(1)

Sandoz

Group

AG

67,252

0.0

1,801 

Sika

AG,

Reg

497,180

0.1

1,116 

Swatch

Group

AG

-

Class

BR

261,991

0.1

922 

Swisscom

AG,

Reg

551,618

0.2

6,061 

Temenos

AG

616,830

0.2

7,209 

UBS

Group

AG

215,784

0.1

2,650 

Zurich

Insurance

Group

AG

1,346,437

0.4

25,401,495

7.2

Taiwan

:

1.2%

20,000 

Accton

Technology

Corp.

336,451

0.1

2,000 

eMemory

Technology,

Inc.

178,379

0.1

39,000 

MediaTek,

Inc.

1,203,447

0.3

10,000 

Novatek

Microelectronics

Corp.

162,897

0.0

44,000 

Powertech

Technology,

Inc.

204,278

0.1

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

Taiwan

(continued)

51,000 

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

$

1,020,944

0.3

173,000 

Uni-President

Enterprises

Corp.

399,783

0.1

431,000 

United

Microelectronics

Corp.

671,351

0.2

3,998 

Yuanta

Financial

Holding

Co.

Ltd.

3,447

0.0

4,180,977

1.2

Thailand

:

0.1%

120,600 

PTT

Exploration

&

Production

PCL

508,970

0.1

United

Arab

Emirates

:

0.1%

53,667 

Emirates

NBD

Bank

PJSC

258,622

0.1

United

Kingdom

:

12.9%

251,574 

3i

Group

PLC

7,875,503

2.2

12,304 

AstraZeneca

PLC

1,631,224

0.5

45,791 

Aviva

PLC

249,953

0.1

64,578 

B&M

European

Value

Retail

SA

423,226

0.1

113,603 

BAE

Systems

PLC

1,692,282

0.5

68,923 

Barratt

Developments

PLC

469,733

0.1

8,186 

Berkeley

Group

Holdings

PLC

495,700

0.1

243,013 

BP

PLC

1,419,296

0.4

142,649 

British

Land

Co.

PLC

685,673

0.2

33,653 

Britvic

PLC

376,372

0.1

8,174 

Bunzl

PLC

332,189

0.1

29,626 

Burberry

Group

PLC

487,997

0.1

509,708 

Centrica

PLC

892,014

0.3

9,919 

Coca-Cola

European

Partners

PLC

-

USD

683,419

0.2

26,836 

Compass

Group

PLC

739,164

0.2

6,164 

Diageo

PLC

222,630

0.1

101,007 

(1)

Direct

Line

Insurance

Group

PLC

215,544

0.1

121,226 

DS

Smith

PLC

432,242

0.1

1,059 

Games

Workshop

Group

PLC

132,932

0.0

113,982 

GSK

PLC

2,254,304

0.6

106,791 

Haleon

PLC

433,759

0.1

38,374 

Howden

Joinery

Group

PLC

388,609

0.1

168,608 

HSBC

Holdings

PLC

1,316,440

0.4

68,315 

IG

Group

Holdings

PLC

613,887

0.2

17,418 

Imperial

Brands

PLC

418,121

0.1

14,748 

InterContinental

Hotels

Group

PLC

1,397,417

0.4

14,857 

Investec

PLC

-

GBP

96,727

0.0

258,563 

J

Sainsbury

PLC

882,775

0.3

30,382 

JET2

PLC

514,401

0.2

8,932 

(1)(2)(4)

Just

Eat

Takeaway.com

NV

134,867

0.0

286,211 

Man

Group

PLC/Jersey

859,997

0.3

26,893 

National

Grid

PLC

358,190

0.1

7,504 

Next

PLC

801,100

0.2

66,258 

Pearson

PLC

812,838

0.2

65,060 

RELX

PLC

2,685,288

0.8

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

6

Voya

Multi-Manager

International Factors Fund

Shares

RA

Value

Percentage

of

Net

Assets

COMMON

STOCK:

(continued)

United

Kingdom

(continued)

22,475 

Rio

Tinto

PLC

$

1,555,705

0.4

85,260 

Shell

PLC

2,643,255

0.8

65,456 

Smiths

Group

PLC

1,341,430

0.4

16,264 

Spectris

PLC

757,144

0.2

62,384 

Tate

&

Lyle

PLC

492,538

0.1

281,116 

Taylor

Wimpey

PLC

524,841

0.2

971,556 

Tesco

PLC

3,520,546

1.0

20,927 

Unilever

PLC

1,018,312

0.3

45,279,584

12.9

United

States

:

0.4%

25,890 

Amcor

PLC

245,636

0.1

4,286 

Ferguson

PLC

801,419

0.2

169,605 

(1)(2)(4)

Sinch

AB

520,857

0.1

1,567,912

0.4

Total

Common

Stock

(Cost

$313,262,409)

344,443,963

98.0

EXCHANGE-TRADED

FUNDS

:

0.1%

7,311 

iShares

MSCI

EAFE

ETF

548,398

0.1

Total

Exchange-Traded

Funds

(Cost

$546,966)

548,398

0.1

PREFERRED

STOCK

:

0.2%

Brazil

:

0.2%

134,700 

(1)

Azul

SA

365,134

0.1

27,100 

Petroleo

Brasileiro

SA

222,898

0.1

588,032

0.2

Total

Preferred

Stock

(Cost

$611,082)

588,032

0.2

RIGHTS

:

0.0%

Spain

:

0.0%

20,981 

(1)

ACS

Actividades

de

Construccion

y

Servicios

SA

9,614

0.0

Total

Rights

(Cost

$10,447)

9,614

0.0

WARRANTS

:

—%

Canada

:

—%

215 

(3)

Constellation

Software,

Inc./Canada

—

—

Total

Warrants

(Cost

$–)

—

—

Total

Long-Term

Investments

(Cost

$314,430,904)

345,590,007

98.3

Principal

Amount

†

RA

Value

Percentage

of

Net

Assets

SHORT-TERM

INVESTMENTS

:

0.9%

Repurchase

Agreements

:

0.3%

997,052 

(5)

Deutsche

Bank

Securities

Inc.,

Repurchase

Agreement

dated

01/31/2024,

5.320%,

due

02/01/2024

(Repurchase

Amount

$997,197,

collateralized

by

various

U.S.

Government

Agency

Obligations,

2.000%-6.000%,

Market

Value

plus

accrued

interest

$1,016,993,

due

09/15/39-10/20/62)

$

997,052

0.3

Total

Repurchase

Agreements

(Cost

$997,052)

997,052

0.3

Shares

RA

Value

Percentage

of

Net

Assets

Mutual

Funds

:

0.6%

431,454 

(6)

BlackRock

Liquidity

Funds,

FedFund,

Institutional

Class,

5.220%

431,454

0.1

1,576,000 

(6)

Morgan

Stanley

Institutional

Liquidity

Funds

-

Government

Portfolio

(Institutional

Share

Class),

5.210%

1,576,000

0.5

Total

Mutual

Funds

(Cost

$2,007,454)

2,007,454

0.6

Total

Short-Term

Investments

(Cost

$3,004,506)

3,004,506

0.9

Total

Investments

in

Securities

(Cost

$317,435,410)

$

348,594,513

99.2

Assets

in

Excess

of

Other

Liabilities

2,809,131

0.8

Net

Assets

$

351,403,644

100.0

ADR

American

Depositary

Receipt

†

Unless

otherwise

indicated,

principal

amount

is

shown

in

USD.

(1)

Non-income

producing

security.

(2)

Securities

with

purchases

pursuant

to

Rule

144A

or

section

4(a)(2),

under

the

Securities

Act

of

1933

and

may

not

be

resold

subject

to

that

rule

except

to

qualified

institutional

buyers.

(3)

For

fair

value

measurement

disclosure

purposes,

security

is

categorized

as

Level

3,

whose

value

was

determined

using

significant

unobservable

inputs.

(4)

Security,

or

a

portion

of

the

security,

is

on

loan.

(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,

2024.

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

7

Voya

Multi-Manager

International Factors Fund

Sector

Diversification

Percentage

of

Net

Assets

Industrials

21.1

%

Financials

14.4

Consumer

Discretionary

12.1

Materials

9.3

Consumer

Staples

8.9

Health

Care

7.5

Information

Technology

7.2

Energy

6.4

Utilities

6.0

Communication

Services

3.5

Real

Estate

1.8

Exchange-Traded

Funds

0.1

Short-Term

Investments

0.9

Assets

in

Excess

of

Other

Liabilities

0.8

Net

Assets

100.0%

Portfolio

holdings

are

subject

to

change

daily.

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

8

Voya

Multi-Manager

International Factors Fund

Fair

Value

Measurements

The

following

is

a

summary

of

the

fair

valuations

according

to

the

inputs

used

as

of

January

31,

2024

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,

2024

Asset

Table

Investments,

at

fair

value

Common

Stock

Australia

$

—

$

22,625,279

$

—

$

22,625,279

Austria

—

408,640

—

408,640

Belgium

761,401

233,582

—

994,983

Brazil

1,120,190

—

—

1,120,190

Canada

17,155,567

—

—

17,155,567

Chile

281,807

—

—

281,807

China

—

4,668,743

—

4,668,743

Denmark

—

7,981,147

—

7,981,147

Finland

—

3,515,978

—

3,515,978

France

—

34,853,374

—

34,853,374

Germany

—

24,830,811

—

24,830,811

Hong

Kong

135,324

1,525,548

—

1,660,872

Hungary

291,964

—

—

291,964

India

525,210

1,810,531

—

2,335,741

Indonesia

—

554,413

—

554,413

Ireland

1,244,918

3,705,646

—

4,950,564

Israel

196,807

—

—

196,807

Italy

—

11,974,923

—

11,974,923

Japan

—

77,572,657

—

77,572,657

Jordan

—

576,599

—

576,599

Mexico

615,496

—

—

615,496

Netherlands

—

16,666,140

—

16,666,140

New

Zealand

547,286

276,079

—

823,365

Norway

—

2,023,241

—

2,023,241

Poland

—

328,938

—

328,938

Portugal

—

1,045,461

—

1,045,461

Russia

—

—

—

—

Saudi

Arabia

—

732,000

—

732,000

Singapore

—

3,707,554

—

3,707,554

South

Africa

211,288

—

—

211,288

South

Korea

—

6,580,137

—

6,580,137

Spain

—

7,022,792

—

7,022,792

Sweden

—

8,938,932

—

8,938,932

Switzerland

—

25,401,495

—

25,401,495

Taiwan

—

4,180,977

—

4,180,977

Thailand

—

508,970

—

508,970

United

Arab

Emirates

258,622

—

—

258,622

United

Kingdom

3,059,659

42,219,925

—

45,279,584

United

States

—

1,567,912

—

1,567,912

Total

Common

Stock

26,405,539

318,038,424

—

344,443,963

Exchange-Traded

Funds

548,398

—

—

548,398

Preferred

Stock

588,032

—

—

588,032

Rights

9,614

—

—

9,614

Short-Term

Investments

2,007,454

997,052

—

3,004,506

Total

Investments,

at

fair

value

$

29,559,037

$

319,035,476

$

—

$

348,594,513

Other

Financial

Instruments+

Futures

18,558

—

—

18,558

Total

Assets

$

29,577,595

$

319,035,476

$

—

$

348,613,071

PORTFOLIO

OF

INVESTMENTS

as

of

January

31,

2024

(Unaudited)

(continued)

9

Voya

Multi-Manager

International Factors Fund

#

The

earlier

close

of

the

foreign

markets

gives

rise

to

the

possibility

that

significant

events,

including

broad

market

moves,

may

have

occurred

in

the

interim

and

may

materially

affect

the

value

of

those

securities.

To

account

for

this,

the

Fund

may

frequently

value

many

of

its

foreign

equity

securities

using

fair

value

prices

based

on

third

party

vendor

modeling

tools

to

the

extent

available.

Accordingly,

a

portion

of

the

Fund’s

investments

are

categorized

as

Level

2

investments.

+

Other

Financial

Instruments

may

include

open

forward

foreign

currency

contracts,

futures,

centrally

cleared

swaps,

OTC

swaps

and

written

options.

Forward

foreign

currency

contracts,

futures

and

centrally

cleared

swaps

are

fair

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

OTC

swaps

and

written

options

are

valued

at

the

fair

value

of

the

instrument.

At

January

31,

2024,

the

following

futures

contracts

were

outstanding

for

Voya

Multi-Manager

International

Factors

Fund:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Appreciation

Long

Contracts:

MSCI

EAFE

Index

21

03/15/24

$

2,344,650

$

18,558

$

2,344,650

$

18,558

Net

unrealized

appreciation

consisted

of:

Gross

Unrealized

Appreciation

$

39,407,383

Gross

Unrealized

Depreciation

(8,248,280)

Net

Unrealized

Appreciation

$

31,159,103