UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-08220
Voya Variable Products Trust
(Exact name of registrant as specified in charter)
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ | 85258 |
(Address of principal executive offices) | (Zip code) |
CT Corporation System, 101 Federal Street, Boston, MA 02110
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-800-992-0180
Date of fiscal year end: December 31
Date of reporting period: December 31, 2020
Item 1. Reports to Stockholders.
The following is a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1):
| | As permitted by regulations adopted by the U.S. Securities and Exchange Commission, paper copies of each Portfolio’s annual and semi-annual shareholder reports, like this annual report, are not sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report. | | |
| | If you already elected to receive shareholder reports electronically, you need not take any action. You may elect to receive shareholder reports and other communications from your insurance carrier electronically by contacting them directly. | | |
| | You may elect to receive all future reports in paper free of charge. If you received this document in the mail, please follow the instructions provided to elect to continue receiving paper copies of your shareholder reports. You can inform us that you wish to continue receiving paper copies by calling 1-800-283-3427. Your election to receive reports in paper will apply to all the funds in which you invest. | | |
| | This report is submitted for general information to shareholders of the Voya mutual funds. It is not authorized for distribution to prospective shareholders unless accompanied or preceded by a prospectus which includes details regarding the funds’ investment objectives, risks, charges, expenses and other information. This information should be read carefully. | | |
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President
Voya Family of Funds
January 22, 2021
| | Index | | | | Description | | |
| | Russell 2000® Growth Index | | | | An index that measures the performance of securities of smaller U.S. companies with greater than average growth orientation. | | |
| | Russell 2000® Index | | | | An index that measures the performance of securities of small U.S. companies. | | |
| | Russell Midcap® Growth Index | | | | An index that measures the performance of those companies included in the Russell Midcap® Index with relatively higher price-to-book ratios and higher forecasted growth values. | | |
| | Russell Midcap® Index | | | | An index that measures the performance of the 800 smallest companies in the Russell 1000® Index, which represents approximately 26% of the total market capitalization of the Russell 1000® Index. | | |
Portfolio Managers’ Report | Voya MidCap Opportunities Portfolio |
| Sector Diversification as of December 31, 2020 (as a percentage of net assets) | | |||
| | | | | |
| Information Technology | | | 36.8% | |
| Health Care | | | 22.5% | |
| Industrials | | | 12.0% | |
| Consumer Discretionary | | | 11.2% | |
| Communication Services | | | 6.6% | |
| Financials | | | 3.8% | |
| Consumer Staples | | | 3.4% | |
| Materials | | | 2.8% | |
| Real Estate | | | 1.2% | |
| Liabilities in Excess of Other Assets* | | | (0.3)% | |
| Net Assets | | | 100.0% | |
| * Includes short-term investments. | | |||
| Portfolio holdings are subject to change daily. | |
| Top Ten Holdings as of December 31, 2020 (as a percentage of net assets) | | |||
| | | | | |
| RingCentral, Inc. | | | 3.3% | |
| Twilio, Inc. | | | 3.1% | |
| DocuSign, Inc. | | | 2.9% | |
| Quanta Services, Inc. | | | 2.8% | |
| Spotify Technology SA | | | 2.7% | |
| CoStar Group, Inc. | | | 2.3% | |
| Align Technology, Inc. | | | 2.3% | |
| Exact Sciences Corp. | | | 2.3% | |
| Five9, Inc. | | | 2.2% | |
| Zendesk, Inc. | | | 2.2% | |
| Portfolio holdings are subject to change daily. | |
Voya MidCap Opportunities Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2020 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | |||||||||
| | Class ADV | | | | | 40.50% | | | | | | 17.20% | | | | | | 13.46% | | | |
| | Class I | | | | | 41.14% | | | | | | 17.78% | | | | | | 14.03% | | | |
| | Class R6(1) | | | | | 41.11% | | | | | | 17.77% | | | | | | 14.03% | | | |
| | Class S | | | | | 40.76% | | | | | | 17.49% | | | | | | 13.75% | | | |
| | Class S2 | | | | | 40.56% | | | | | | 17.30% | | | | | | 13.58% | | | |
| | Russell Midcap® Growth Index | | | | | 35.59% | | | | | | 18.66% | | | | | | 15.04% | | | |
| | Russell Midcap® Index | | | | | 17.10% | | | | | | 13.40% | | | | | | 12.41% | | | |
| | | | |
Portfolio Managers’ Report | Voya SmallCap Opportunities Portfolio |
| Sector Diversification as of December 31, 2020 (as a percentage of net assets) | | |||
| | | | | |
| Health Care | | | 30.5% | |
| Information Technology | | | 25.0% | |
| Consumer Discretionary | | | 16.9% | |
| Industrials | | | 13.9% | |
| Financials | | | 6.0% | |
| Materials | | | 2.6% | |
| Consumer Staples | | | 1.3% | |
| Communication Services | | | 1.2% | |
| Real Estate | | | 1.2% | |
| Exchange-Traded Funds | | | 0.5% | |
| Energy | | | 0.5% | |
| Assets in Excess of Other Liabilities* | | | 0.4% | |
| Net Assets | | | 100.0% | |
| * Includes short-term investments and exchange-traded funds. | | |||
| Portfolio holdings are subject to change daily. | |
| Top Ten Holdings as of December 31, 2020* (as a percentage of net assets) | | |||
| | | | | |
| Builders FirstSource, Inc. | | | 1.6% | |
| j2 Global, Inc. | | | 1.5% | |
| Envestnet, Inc. | | | 1.4% | |
| Caesars Entertainment, Inc. | | | 1.3% | |
| Silicon Laboratories, Inc. | | | 1.3% | |
| Q2 Holdings, Inc. | | | 1.3% | |
| Cantel Medical Corp. | | | 1.2% | |
| Advanced Energy Industries, Inc. | | | 1.2% | |
| Werner Enterprises, Inc. | | | 1.2% | |
| RH | | | 1.2% | |
| * Excludes short-term investments. | | |||
| Portfolio holdings are subject to change daily. | |
Voya SmallCap Opportunities Portfolio | Portfolio Managers’ Report |
| | | |
| | Average Annual Total Returns for the Periods Ended December 31, 2020 | | | ||||||||||||||||||
| | | | | 1 Year | | | 5 Year | | | 10 Year | | | |||||||||
| | Class ADV | | | | | 25.74% | | | | | | 11.90% | | | | | | 11.21% | | | |
| | Class I | | | | | 26.35% | | | | | | 12.46% | | | | | | 11.77% | | | |
| | Class R6(1) | | | | | 26.35% | | | | | | 12.46% | | | | | | 11.77% | | | |
| | Class S | | | | | 26.06% | | | | | | 12.18% | | | | | | 11.49% | | | |
| | Class S2 | | | | | 25.86% | | | | | | 12.01% | | | | | | 11.32% | | | |
| | Russell 2000® Growth Index | | | | | 34.63% | | | | | | 16.36% | | | | | | 13.48% | | | |
| | Russell 2000® Index | | | | | 19.96% | | | | | | 13.26% | | | | | | 11.20% | | | |
| | | | |
| | | Actual Portfolio Return | | | Hypothetical (5% return before expenses) | | ||||||||||||||||||||||||||||||||||||||||||
| | | Beginning Account Value July 1, 2020 | | | Ending Account Value December 31, 2020 | | | Annualized Expense Ratio | | | Expenses Paid During the Period Ended December 31, 2020* | | | Beginning Account Value July 1, 2020 | | | Ending Account Value December 31, 2020 | | | Annualized Expense Ratio | | | Expenses Paid During the Period Ended December 31, 2020* | | ||||||||||||||||||||||||
Voya MidCap Opportunities Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 1,348.50 | | | | | | 1.16% | | | | | $ | 6.85 | | | | | $ | 1,000.00 | | | | | $ | 1,019.30 | | | | | | 1.16% | | | | | $ | 5.89 | | |
Class I | | | | | 1,000.00 | | | | | | 1,351.80 | | | | | | 0.66 | | | | | | 3.90 | | | | | | 1,000.00 | | | | | | 1,021.82 | | | | | | 0.66 | | | | | | 3.35 | | |
Class R6 | | | | | 1,000.00 | | | | | | 1,351.20 | | | | | | 0.66 | | | | | | 3.90 | | | | | | 1,000.00 | | | | | | 1,021.82 | | | | | | 0.66 | | | | | | 3.35 | | |
Class S | | | | | 1,000.00 | | | | | | 1,349.90 | | | | | | 0.91 | | | | | | 5.38 | | | | | | 1,000.00 | | | | | | 1,020.56 | | | | | | 0.91 | | | | | | 4.62 | | |
Class S2 | | | | | 1,000.00 | | | | | | 1,348.80 | | | | | | 1.06 | | | | | | 6.26 | | | | | | 1,000.00 | | | | | | 1,019.81 | | | | | | 1.06 | | | | | | 5.38 | | |
Voya SmallCap Opportunities Portfolio | | ||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | $ | 1,000.00 | | | | | $ | 1,327.20 | | | | | | 1.35% | | | | | $ | 7.90 | | | | | $ | 1,000.00 | | | | | $ | 1,018.35 | | | | | | 1.35% | | | | | $ | 6.85 | | |
Class I | | | | | 1,000.00 | | | | | | 1,330.60 | | | | | | 0.85 | | | | | | 4.98 | | | | | | 1,000.00 | | | | | | 1,020.86 | | | | | | 0.85 | | | | | | 4.32 | | |
Class R6 | | | | | 1,000.00 | | | | | | 1,330.60 | | | | | | 0.85 | | | | | | 4.98 | | | | | | 1,000.00 | | | | | | 1,020.86 | | | | | | 0.85 | | | | | | 4.32 | | |
Class S | | | | | 1,000.00 | | | | | | 1,329.40 | | | | | | 1.10 | | | | | | 6.44 | | | | | | 1,000.00 | | | | | | 1,019.61 | | | | | | 1.10 | | | | | | 5.58 | | |
Class S2 | | | | | 1,000.00 | | | | | | 1,327.70 | | | | | | 1.25 | | | | | | 7.31 | | | | | | 1,000.00 | | | | | | 1,018.85 | | | | | | 1.25 | | | | | | 6.34 | | |
Boston, Massachusetts
February 18, 2021
| | | Voya MidCap Opportunities Portfolio | | | Voya SmallCap Opportunities Portfolio | | ||||||
ASSETS: | | | | | | | | | | | | | |
Investments in securities at fair value+* | | | | $ | 2,302,267,930 | | | | | $ | 312,044,916 | | |
Short-term investments at fair value† | | | | | 175,101,842 | | | | | | 26,219,111 | | |
Cash | | | | | 714 | | | | | | 331,688 | | |
Receivables: | | | | | | | | | | | | | |
Investment securities sold | | | | | — | | | | | | 517,794 | | |
Fund shares sold | | | | | 821,433 | | | | | | 74,884 | | |
Dividends | | | | | 418,017 | | | | | | 87,609 | | |
Interest | | | | | 92 | | | | | | 59 | | |
Foreign tax reclaims | | | | | 15,631 | | | | | | 1,316 | | |
Prepaid expenses | | | | | 8,049 | | | | | | 1,285 | | |
Reimbursement due from Investment Adviser | | | | | 359,833 | | | | | | 51,320 | | |
Other assets | | | | | 83,389 | | | | | | 12,608 | | |
Total assets | | | | | 2,479,076,930 | | | | | | 339,342,590 | | |
LIABILITIES: | | | | | | | | | | | | | |
Payable for investment securities purchased | | | | | — | | | | | | 4,779,728 | | |
Payable for fund shares redeemed | | | | | 22,707,245 | | | | | | 3,092,791 | | |
Payable upon receipt of securities loaned | | | | | 158,578,755 | | | | | | 17,691,094 | | |
Payable for investment management fees | | | | | 1,434,439 | | | | | | 221,559 | | |
Payable for distribution and shareholder service fees | | | | | 318,628 | | | | | | 40,034 | | |
Payable to trustees under the deferred compensation plan (Note 6) | | | | | 83,389 | | | | | | 12,608 | | |
Payable for trustee fees | | | | | 9,563 | | | | | | 1,391 | | |
Other accrued expenses and liabilities | | | | | 645,211 | | | | | | 156,029 | | |
Total liabilities | | | | | 183,777,230 | | | | | | 25,995,234 | | |
NET ASSETS | | | | $ | 2,295,299,700 | | | | | $ | 313,347,356 | | |
NET ASSETS WERE COMPRISED OF: | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 1,326,151,609 | | | | | $ | 234,825,122 | | |
Total distributable earnings | | | | | 969,148,091 | | | | | | 78,522,234 | | |
NET ASSETS | | | | $ | 2,295,299,700 | | | | | $ | 313,347,356 | | |
+ Including securities loaned at value | | | | $ | 155,386,185 | | | | | $ | 17,282,169 | | |
* Cost of investments in securities | | | | $ | 1,641,317,437 | | | | | $ | 259,257,094 | | |
† Cost of short-term investments | | | | $ | 175,101,842 | | | | | $ | 26,219,111 | | |
| | | Voya MidCap Opportunities Portfolio | | | Voya SmallCap Opportunities Portfolio | | ||||||
Class ADV | | | | | | | | | | | | | |
Net assets | | | | $ | 185,462,829 | | | | | $ | 68,634,870 | | |
Shares authorized | | | | | unlimited | | | | | | unlimited | | |
Par value | | | | $ | 0.010 | | | | | $ | 0.010 | | |
Shares outstanding | | | | | 11,289,037 | | | | | | 2,804,963 | | |
Net asset value and redemption price per share | | | | $ | 16.43 | | | | | $ | 24.47 | | |
Class I | | | | | | | | | | | | | |
Net assets | | | | $ | 880,212,417 | | | | | $ | 182,624,503 | | |
Shares authorized | | | | | unlimited | | | | | | unlimited | | |
Par value | | | | $ | 0.010 | | | | | $ | 0.010 | | |
Shares outstanding | | | | | 47,488,527 | | | | | | 6,413,612 | | |
Net asset value and redemption price per share | | | | $ | 18.54 | | | | | $ | 28.47 | | |
Class R6 | | | | | | | | | | | | | |
Net assets | | | | $ | 126,338,752 | | | | | $ | 15,146,683 | | |
Shares authorized | | | | | unlimited | | | | | | unlimited | | |
Par value | | | | $ | 0.010 | | | | | $ | 0.010 | | |
Shares outstanding | | | | | 6,818,870 | | | | | | 532,088 | | |
Net asset value and redemption price per share | | | | $ | 18.53 | | | | | $ | 28.47 | | |
Class S | | | | | | | | | | | | | |
Net assets | | | | $ | 1,046,030,485 | | | | | $ | 43,861,543 | | |
Shares authorized | | | | | unlimited | | | | | | unlimited | | |
Par value | | | | $ | 0.010 | | | | | $ | 0.010 | | |
Shares outstanding | | | | | 61,146,094 | | | | | | 1,692,515 | | |
Net asset value and redemption price per share | | | | $ | 17.11 | | | | | $ | 25.92 | | |
Class S2 | | | | | | | | | | | | | |
Net assets | | | | $ | 57,255,217 | | | | | $ | 3,079,757 | | |
Shares authorized | | | | | unlimited | | | | | | unlimited | | |
Par value | | | | $ | 0.010 | | | | | $ | 0.010 | | |
Shares outstanding | | | | | 3,399,680 | | | | | | 123,118 | | |
Net asset value and redemption price per share | | | | $ | 16.84 | | | | | $ | 25.01 | | |
| | | Voya MidCap Opportunities Portfolio | | | Voya SmallCap Opportunities Portfolio | | ||||||
INVESTMENT INCOME: | | | | | | | | | | | | | |
Dividends, net of foreign taxes withheld* | | | | $ | 9,205,713 | | | | | $ | 1,457,421 | | |
Interest | | | | | 581 | | | | | | 145 | | |
Securities lending income, net | | | | | 594,034 | | | | | | 59,123 | | |
Total investment income | | | | | 9,800,328 | | | | | | 1,516,689 | | |
EXPENSES: | | | | | | | | | | | | | |
Investment management fees | | | | | 14,388,286 | | | | | | 2,347,975 | | |
Distribution and shareholder service fees: | | | | | | | | | | | | | |
Class ADV | | | | | 772,174 | | | | | | 299,440 | | |
Class S | | | | | 2,185,925 | | | | | | 96,298 | | |
Class S2 | | | | | 188,571 | | | | | | 11,191 | | |
Transfer agent fees: | | | | | | | | | | | | | |
Class ADV | | | | | 138,191 | | | | | | 104,972 | | |
Class I | | | | | 672,890 | | | | | | 284,789 | | |
Class R6 | | | | | 142 | | | | | | 44 | | |
Class S | | | | | 782,524 | | | | | | 67,516 | | |
Class S2 | | | | | 42,164 | | | | | | 4,905 | | |
Shareholder reporting expense | | | | | 165,184 | | | | | | 33,580 | | |
Professional fees | | | | | 94,770 | | | | | | 22,309 | | |
Custody and accounting expense | | | | | 164,249 | | | | | | 42,539 | | |
Trustee fees | | | | | 76,505 | | | | | | 11,122 | | |
Miscellaneous expense | | | | | 94,246 | | | | | | 23,595 | | |
Interest expense | | | | | 138 | | | | | | 415 | | |
Total expenses | | | | | 19,765,959 | | | | | | 3,350,690 | | |
Waived and reimbursed fees | | | | | (3,933,552) | | | | | | (571,269) | | |
Net expenses | | | | | 15,832,407 | | | | | | 2,779,421 | | |
Net investment loss | | | | | (6,032,079) | | | | | | (1,262,732) | | |
REALIZED AND UNREALIZED GAIN (LOSS): | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | |
Investments | | | | | 318,908,689 | | | | | | 33,284,027 | | |
Net realized gain | | | | | 318,908,689 | | | | | | 33,284,027 | | |
Net change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | |
Investments | | | | | 368,248,786 | | | | | | 28,129,510 | | |
Foreign currency related transactions | | | | | 72 | | | | | | — | | |
Net change in unrealized appreciation (depreciation) | | | | | 368,248,858 | | | | | | 28,129,510 | | |
Net realized and unrealized gain | | | | | 687,157,547 | | | | | | 61,413,537 | | |
Increase in net assets resulting from operations | | | | $ | 681,125,468 | | | | | $ | 60,150,805 | | |
* Foreign taxes withheld | | | | $ | 70,724 | | | | | $ | 3,343 | | |
| | | Voya MidCap Opportunities Portfolio | | | Voya SmallCap Opportunities Portfolio | | ||||||||||||||||||
| | | Year Ended December 31, 2020 | | | Year Ended December 31, 2019 | | | Year Ended December 31, 2020 | | | Year Ended December 31, 2019 | | ||||||||||||
FROM OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income (loss) | | | | $ | (6,032,079) | | | | | $ | 4,619,323 | | | | | $ | (1,262,732) | | | | | $ | (911,902) | | |
Net realized gain | | | | | 318,908,689 | | | | | | 113,418,051 | | | | | | 33,284,027 | | | | | | 1,184,298 | | |
Net change in unrealized appreciation (depreciation) | | | | | 368,248,858 | | | | | | 370,077,033 | | | | | | 28,129,510 | | | | | | 76,057,998 | | |
Increase in net assets resulting from operations | | | | | 681,125,468 | | | | | | 488,114,407 | | | | | | 60,150,805 | | | | | | 76,330,394 | | |
FROM DISTRIBUTIONS TO SHAREHOLDERS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Total distributions (excluding return of capital): | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | (9,168,321) | | | | | | (19,967,832) | | | | | | (322,835) | | | | | | (9,811,755) | | |
Class I | | | | | (40,084,701) | | | | | | (91,356,277) | | | | | | (784,948) | | | | | | (26,063,639) | | |
Class R6 | | | | | (4,633,621) | | | | | | (5,741,725) | | | | | | (67,499) | | | | | | (3,072,662) | | |
Class S | | | | | (50,697,882) | | | | | | (113,564,438) | | | | | | (197,111) | | | | | | (6,382,391) | | |
Class S2 | | | | | (2,741,874) | | | | | | (5,959,326) | | | | | | (14,534) | | | | | | (525,535) | | |
Total distributions | | | | | (107,326,399) | | | | | | (236,589,598) | | | | | | (1,386,927) | | | | | | (45,855,982) | | |
FROM CAPITAL SHARE TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net proceeds from sale of shares | | | | | 111,271,245 | | | | | | 100,718,869 | | | | | | 16,245,407 | | | | | | 21,944,766 | | |
Reinvestment of distributions | | | | | 107,326,399 | | | | | | 236,589,598 | | | | | | 1,386,927 | | | | | | 45,855,982 | | |
| | | | | 218,597,644 | | | | | | 337,308,467 | | | | | | 17,632,334 | | | | | | 67,800,748 | | |
Cost of shares redeemed | | | | | (454,221,667) | | | | | | (405,855,760) | | | | | | (97,762,666) | | | | | | (80,480,822) | | |
Net decrease in net assets resulting from capital share transactions | | | | | (235,624,023) | | | | | | (68,547,293) | | | | | | (80,130,332) | | | | | | (12,680,074) | | |
Net increase (decrease) in net assets | | | | | 338,175,046 | | | | | | 182,977,516 | | | | | | (21,366,454) | | | | | | 17,794,338 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year or period | | | | | 1,957,124,654 | | | | | | 1,774,147,138 | | | | | | 334,713,810 | | | | | | 316,919,472 | | |
End of year or period | | | | $ | 2,295,299,700 | | | | | $ | 1,957,124,654 | | | | | $ | 313,347,356 | | | | | $ | 334,713,810 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya MidCap Opportunities Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 12.46 | | | | | | (0.09) | | | | | | 4.86 | | | | | | 4.77 | | | | | | 0.00* | | | | | | 0.80 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 16.43 | | | | | | 40.50 | | | | | | 1.37 | | | | | | 1.16 | | | | | | 1.16 | | | | | | (0.65) | | | | | | 185,463 | | | | | | 91 | | |
12-31-19 | | | | | 11.07 | | | | | | (0.01) | | | | | | 3.09 | | | | | | 3.08 | | | | | | 0.01 | | | | | | 1.68 | | | | | | — | | | | | | 1.69 | | | | | | — | | | | | | 12.46 | | | | | | 28.68 | | | | | | 1.29 | | | | | | 1.16 | | | | | | 1.16 | | | | | | (0.10) | | | | | | 154,333 | | | | | | 95 | | |
12-31-18 | | | | | 13.44 | | | | | | (0.04) | | | | | | (0.87) | | | | | | (0.91) | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 11.07 | | | | | | (7.98) | | | | | | 1.28 | | | | | | 1.16 | | | | | | 1.16 | | | | | | (0.30) | | | | | | 141,404 | | | | | | 102 | | |
12-31-17 | | | | | 11.48 | | | | | | (0.04) | | | | | | 2.77 | | | | | | 2.73 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 13.44 | | | | | | 24.49 | | | | | | 1.29 | | | | | | 1.23 | | | | | | 1.23 | | | | | | (0.37) | | | | | | 169,714 | | | | | | 105 | | |
12-31-16 | | | | | 12.14 | | | | | | (0.03) | | | | | | 0.81 | | | | | | 0.78 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 11.48 | | | | | | 6.78 | | | | | | 1.31 | | | | | | 1.31 | | | | | | 1.31 | | | | | | (0.27) | | | | | | 122,629 | | | | | | 91 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 13.92 | | | | | | (0.02) | | | | | | 5.46 | | | | | | 5.44 | | | | | | 0.01 | | | | | | 0.81 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 18.54 | | | | | | 41.14 | | | | | | 0.87 | | | | | | 0.66 | | | | | | 0.66 | | | | | | (0.15) | | | | | | 880,212 | | | | | | 91 | | |
12-31-19 | | | | | 12.17 | | | | | | 0.05 | | | | | | 3.42 | | | | | | 3.47 | | | | | | 0.04 | | | | | | 1.68 | | | | | | — | | | | | | 1.72 | | | | | | — | | | | | | 13.92 | | | | | | 29.34 | | | | | | 0.79 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.40 | | | | | | 797,161 | | | | | | 95 | | |
12-31-18 | | | | | 14.56 | | | | | | 0.03 | | | | | | (0.96) | | | | | | (0.93) | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 12.17 | | | | | | (7.48) | | | | | | 0.78 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.20 | | | | | | 721,478 | | | | | | 102 | | |
12-31-17 | | | | | 12.34 | | | | | | 0.02 | | | | | | 2.99 | | | | | | 3.01 | | | | | | 0.02 | | | | | | 0.77 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 14.56 | | | | | | 25.09 | | | | | | 0.79 | | | | | | 0.73 | | | | | | 0.73 | | | | | | 0.13 | | | | | | 913,054 | | | | | | 105 | | |
12-31-16 | | | | | 12.89 | | | | | | 0.03 | | | | | | 0.86 | | | | | | 0.89 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 12.34 | | | | | | 7.27 | | | | | | 0.81 | | | | | | 0.81 | | | | | | 0.81 | | | | | | 0.24 | | | | | | 577,101 | | | | | | 91 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 13.92 | | | | | | (0.02) | | | | | | 5.46 | | | | | | 5.44 | | | | | | 0.01 | | | | | | 0.82 | | | | | | — | | | | | | 0.83 | | | | | | — | | | | | | 18.53 | | | | | | 41.11 | | | | | | 0.78 | | | | | | 0.66 | | | | | | 0.66 | | | | | | (0.16) | | | | | | 126,339 | | | | | | 91 | | |
12-31-19 | | | | | 12.17 | | | | | | 0.05 | | | | | | 3.42 | | | | | | 3.47 | | | | | | 0.04 | | | | | | 1.68 | | | | | | — | | | | | | 1.72 | | | | | | — | | | | | | 13.92 | | | | | | 29.34 | | | | | | 0.79 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.45 | | | | | | 76,595 | | | | | | 95 | | |
12-31-18 | | | | | 14.56 | | | | | | 0.02 | | | | | | (0.95) | | | | | | (0.93) | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 12.17 | | | | | | (7.48) | | | | | | 0.78 | | | | | | 0.66 | | | | | | 0.66 | | | | | | 0.22 | | | | | | 32,929 | | | | | | 102 | | |
12-31-17 | | | | | 12.34 | | | | | | 0.01 | | | | | | 3.00 | ��� | | | | | 3.01 | | | | | | 0.02 | | | | | | 0.77 | | | | | | — | | | | | | 0.79 | | | | | | — | | | | | | 14.56 | | | | | | 25.09 | | | | | | 0.79 | | | | | | 0.73 | | | | | | 0.73 | | | | | | 0.10 | | | | | | 10,197 | | | | | | 105 | | |
12-31-16 | | | | | 12.89 | | | | | | 0.04• | | | | | | 0.85 | | | | | | 0.89 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 12.34 | | | | | | 7.27 | | | | | | 0.81 | | | | | | 0.81 | | | | | | 0.81 | | | | | | 0.33 | | | | | | 1,129 | | | | | | 91 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 12.93 | | | | | | (0.06) | | | | | | 5.06 | | | | | | 5.00 | | | | | | 0.01 | | | | | | 0.81 | | | | | | — | | | | | | 0.82 | | | | | | — | | | | | | 17.11 | | | | | | 40.76 | | | | | | 1.12 | | | | | | 0.91 | | | | | | 0.91 | | | | | | (0.40) | | | | | | 1,046,030 | | | | | | 91 | | |
12-31-19 | | | | | 11.41 | | | | | | 0.02 | | | | | | 3.20 | | | | | | 3.22 | | | | | | 0.02 | | | | | | 1.68 | | | | | | — | | | | | | 1.70 | | | | | | — | | | | | | 12.93 | | | | | | 29.06 | | | | | | 1.04 | | | | | | 0.91 | | | | | | 0.91 | | | | | | 0.15 | | | | | | 882,543 | | | | | | 95 | | |
12-31-18 | | | | | 13.77 | | | | | | (0.01) | | | | | | (0.89) | | | | | | (0.90) | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 11.41 | | | | | | (7.70) | | | | | | 1.03 | | | | | | 0.91 | | | | | | 0.91 | | | | | | (0.05) | | | | | | 836,518 | | | | | | 102 | | |
12-31-17 | | | | | 11.72 | | | | | | (0.02) | | | | | | 2.84 | | | | | | 2.82 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 13.77 | | | | | | 24.77 | | | | | | 1.04 | | | | | | 0.96 | | | | | | 0.96 | | | | | | (0.12) | | | | | | 1,053,376 | | | | | | 105 | | |
12-31-16 | | | | | 12.34 | | | | | | (0.00)* | | | | | | 0.82 | | | | | | 0.82 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 11.72 | | | | | | 7.01 | | | | | | 1.06 | | | | | | 1.06 | | | | | | 1.06 | | | | | | (0.02) | | | | | | 473,516 | | | | | | 91 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 12.75 | | | | | | (0.08) | | | | | | 4.97 | | | | | | 4.89 | | | | | | 0.00* | | | | | | 0.80 | | | | | | — | | | | | | 0.80 | | | | | | — | | | | | | 16.84 | | | | | | 40.56 | | | | | | 1.27 | | | | | | 1.06 | | | | | | 1.06 | | | | | | (0.55) | | | | | | 57,255 | | | | | | 91 | | |
12-31-19 | | | | | 11.28 | | | | | | (0.00)* | | | | | | 3.16 | | | | | | 3.16 | | | | | | 0.01 | | | | | | 1.68 | | | | | | — | | | | | | 1.69 | | | | | | — | | | | | | 12.75 | | | | | | 28.89 | | | | | | 1.19 | | | | | | 1.06 | | | | | | 1.06 | | | | | | 0.00* | | | | | | 46,493 | | | | | | 95 | | |
12-31-18 | | | | | 13.66 | | | | | | (0.03) | | | | | | (0.89) | | | | | | (0.92) | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 1.46 | | | | | | — | | | | | | 11.28 | | | | | | (7.92) | | | | | | 1.18 | | | | | | 1.06 | | | | | | 1.06 | | | | | | (0.20) | | | | | | 41,818 | | | | | | 102 | | |
12-31-17 | | | | | 11.65 | | | | | | (0.03) | | | | | | 2.81 | | | | | | 2.78 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 0.77 | | | | | | — | | | | | | 13.66 | | | | | | 24.57 | | | | | | 1.19 | | | | | | 1.13 | | | | | | 1.13 | | | | | | (0.31) | | | | | | 51,640 | | | | | | 105 | | |
12-31-16 | | | | | 12.29 | | | | | | (0.02) | | | | | | 0.82 | | | | | | 0.80 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 1.44 | | | | | | — | | | | | | 11.65 | | | | | | 6.87 | | | | | | 1.24 | | | | | | 1.21 | | | | | | 1.21 | | | | | | (0.17) | | | | | | 11,488 | | | | | | 91 | | |
| | | | | | | | | Income (loss) from investment operations | | | | | | | | | Less Distributions | | | | | | | | | | | | | | | | | | | | | | | | | | | Ratios to average net assets | | | Supplemental Data | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Net asset value, beginning of year or period | | | Net investment income (loss) | | | Net realized and unrealized gain (loss) | | | Total from investment operations | | | From net investment income | | | From net realized gains | | | From return of capital | | | Total distributions | | | Payment by affiliate | | | Net asset value, end of year or period | | | Total Return(1) | | | Expenses before reductions/additions(2)(3)(4) | | | Expenses net of fee waivers and/or recoupments if any(2)(3)(4) | | | Expenses net of all reductions/additions(2)(3)(4) | | | Net investment income (loss)(2)(3) | | | Net assets, end of year or period | | | Portfolio turnover rate | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year or period ended | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | | (%) | | | (%) | | | (%) | | | (%) | | | (%) | | | ($000’s) | | | (%) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Voya SmallCap Opportunities Portfolio | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 19.57 | | | | | | (0.17) | | | | | | 5.17 | | | | | | 5.00 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 24.47 | | | | | | 25.74 | | | | | | 1.57 | | | | | | 1.35 | | | | | | 1.35 | | | | | | (0.81) | | | | | | 68,635 | | | | | | 145 | | |
12-31-19 | | | | | 18.21 | | | | | | (0.12) | | | | | | 4.57 | | | | | | 4.45 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 19.57 | | | | | | 25.09 | | | | | | 1.38 | | | | | | 1.38 | | | | | | 1.38 | | | | | | (0.63) | | | | | | 67,555 | | | | | | 133 | | |
12-31-18 | | | | | 26.04 | | | | | | (0.12) | | | | | | (3.11) | | | | | | (3.23) | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 18.21 | | | | | | (16.29) | | | | | | 1.37 | | | | | | 1.37 | | | | | | 1.37 | | | | | | (0.50) | | | | | | 61,957 | | | | | | 108 | | |
12-31-17 | | | | | 23.49 | | | | | | (0.10) | | | | | | 4.24 | | | | | | 4.14 | | | | | | — | | | | | | 1.59 | | | | | | — | | | | | | 1.59 | | | | | | — | | | | | | 26.04 | | | | | | 18.12 | | | | | | 1.37 | | | | | | 1.37 | | | | | | 1.37 | | | | | | (0.42) | | | | | | 81,104 | | | | | | 85 | | |
12-31-16 | | | | | 23.00 | | | | | | (0.06) | | | | | | 2.75 | | | | | | 2.69 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 23.49 | | | | | | 12.80 | | | | | | 1.37 | | | | | | 1.37 | | | | | | 1.37 | | | | | | (0.30) | | | | | | 70,076 | | | | | | 73 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 22.64 | | | | | | (0.08) | | | | | | 6.01 | | | | | | 5.93 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 28.47 | | | | | | 26.35 | | | | | | 1.07 | | | | | | 0.85 | | | | | | 0.85 | | | | ��� | | (0.31) | | | | | | 182,625 | | | | | | 145 | | |
12-31-19 | | | | | 20.57 | | | | | | (0.03) | | | | | | 5.19 | | | | | | 5.16 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 22.64 | | | | | | 25.70 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.88 | | | | | | (0.13) | | | | | | 199,372 | | | | | | 133 | | |
12-31-18 | | | | | 28.72 | | | | | | 0.00* | | | | | | (3.55) | | | | | | (3.55) | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 20.57 | | | | | | (15.87) | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.00* | | | | | | 182,621 | | | | | | 108 | | |
12-31-17 | | | | | 25.65 | | | | | | 0.02 | | | | | | 4.66 | | | | | | 4.68 | | | | | | 0.02 | | | | | | 1.59 | | | | | | — | | | | | | 1.61 | | | | | | — | | | | | | 28.72 | | | | | | 18.73 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.08 | | | | | | 238,478 | | | | | | 85 | | |
12-31-16 | | | | | 24.79 | | | | | | 0.05 | | | | | | 3.01 | | | | | | 3.06 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 25.65 | | | | | | 13.40 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.20 | | | | | | 256,039 | | | | | | 73 | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 22.64 | | | | | | (0.08) | | | | | | 6.01 | | | | | | 5.93 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 28.47 | | | | | | 26.35 | | | | | | 0.89 | | | | | | 0.85 | | | | | | 0.85 | | | | | | (0.31) | | | | | | 15,147 | | | | | | 145 | | |
12-31-19 | | | | | 20.57 | | | | | | (0.03) | | | | | | 5.19 | | | | | | 5.16 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 22.64 | | | | | | 25.71 | | | | | | 0.88 | | | | | | 0.88 | | | | | | 0.88 | | | | | | (0.13) | | | | | | 20,997 | | | | | | 133 | | |
12-31-18 | | | | | 28.72 | | | | | | 0.00* | | | | | | (3.55) | | | | | | (3.55) | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 20.57 | | | | | | (15.87) | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.00* | | | | | | 23,066 | | | | | | 108 | | |
12-31-17 | | | | | 25.65 | | | | | | 0.02 | | | | | | 4.66 | | | | | | 4.68 | | | | | | 0.02 | | | | | | 1.59 | | | | | | — | | | | | | 1.61 | | | | | | — | | | | | | 28.72 | | | | | | 18.73 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.12 | | | | | | 27,180 | | | | | | 85 | | |
12-31-16 | | | | | 24.80 | | | | | | 0.12• | | | | | | 2.93 | | | | | | 3.05 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 25.65 | | | | | | 13.35 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.87 | | | | | | 0.48 | | | | | | 4,270 | | | | | | 73 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 20.67 | | | | | | (0.13) | | | | | | 5.48 | | | | | | 5.35 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 25.92 | | | | | | 26.06 | | | | | | 1.32 | | | | | | 1.10 | | | | | | 1.10 | | | | | | (0.56) | | | | | | 43,862 | | | | | | 145 | | |
12-31-19 | | | | | 19.05 | | | | | | (0.08) | | | | | | 4.79 | | | | | | 4.71 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 20.67 | | | | | | 25.38 | | | | | | 1.13 | | | | | | 1.13 | | | | | | 1.13 | | | | | | (0.38) | | | | | | 43,527 | | | | | | 133 | | |
12-31-18 | | | | | 26.98 | | | | | | (0.06) | | | | | | (3.27) | | | | | | (3.33) | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 19.05 | | | | | | (16.09) | | | | | | 1.12 | | | | | | 1.12 | | | | | | 1.12 | | | | | | (0.25) | | | | | | 45,898 | | | | | | 108 | | |
12-31-17 | | | | | 24.22 | | | | | | (0.05) | | | | | | 4.40 | | | | | | 4.35 | | | | | | — | | | | | | 1.59 | | | | | | — | | | | | | 1.59 | | | | | | — | | | | | | 26.98 | | | | | | 18.45 | | | | | | 1.12 | | | | | | 1.12 | | | | | | 1.12 | | | | | | (0.18) | | | | | | 58,929 | | | | | | 85 | | |
12-31-16 | | | | | 23.59 | | | | | | (0.01) | | | | | | 2.84 | | | | | | 2.83 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 24.22 | | | | | | 13.09 | | | | | | 1.12 | | | | | | 1.12 | | | | | | 1.12 | | | | | | (0.06) | | | | | | 67,086 | | | | | | 73 | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12-31-20 | | | | | 19.98 | | | | | | (0.16) | | | | | | 5.29 | | | | | | 5.13 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 0.10 | | | | | | — | | | | | | 25.01 | | | | | | 25.86 | | | | | | 1.47 | | | | | | 1.25 | | | | | | 1.25 | | | | | | (0.71) | | | | | | 3,080 | | | | | | 145 | | |
12-31-19 | | | | | 18.53 | | | | | | (0.12) | | | | | | 4.66 | | | | | | 4.54 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 3.09 | | | | | | — | | | | | | 19.98 | | | | | | 25.15 | | | | | | 1.28 | | | | | | 1.28 | | | | | | 1.28 | | | | | | (0.53) | | | | | | 3,263 | | | | | | 133 | | |
12-31-18 | | | | | 26.39 | | | | | | (0.11) | | | | | | (3.15) | | | | | | (3.26) | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 4.60 | | | | | | — | | | | | | 18.53 | | | | | | (16.18) | | | | | | 1.27 | | | | | | 1.27 | | | | | | 1.27 | | | | | | (0.41) | | | | | | 3,377 | | | | | | 108 | | |
12-31-17 | | | | | 23.76 | | | | | | (0.09) | | | | | | 4.31 | | | | | | 4.22 | | | | | | — | | | | | | 1.59 | | | | | | — | | | | | | 1.59 | | | | | | — | | | | | | 26.39 | | | | | | 18.25 | | | | | | 1.27 | | | | | | 1.27 | | | | | | 1.27 | | | | | | (0.33) | | | | | | 5,277 | | | | | | 85 | | |
12-31-16 | | | | | 23.21 | | | | | | (0.04) | | | | | | 2.79 | | | | | | 2.75 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 2.20 | | | | | | — | | | | | | 23.76 | | | | | | 12.95 | | | | | | 1.30 | | | | | | 1.27 | | | | | | 1.27 | | | | | | (0.20) | | | | | | 5,192 | | | | | | 73 | | |
| | | Purchases | | | Sales | | ||||||
MidCap Opportunities | | | | $ | 1,725,155,176 | | | | | $ | 2,053,195,167 | | |
SmallCap Opportunities | | | | | 400,040,454 | | | | | | 477,301,433 | | |
| MidCap Opportunities | | | 0.85% on the first $250 million; 0.80% on the next $400 million; 0.75% on the next $450 million; and 0.70% in excess of $1.1 billion | |
| SmallCap Opportunities | | | 0.85% on the first $250 million; 0.80% on the next $250 million; 0.75% on the next $250 million; 0.70% on the next $250 million; and 0.65% in excess of $1 billion | |
Subsidiary | | | Portfolio | | | Percentage | | |||
ReliaStar Life Insurance Company | | | SmallCap Opportunities | | | | | 12.85% | | |
Voya Institutional Trust Company | | | MidCap Opportunities | | | | | 20.69 | | |
| SmallCap Opportunities | | | | | 29.93 | | | ||
Voya Retirement Insurance and Annuity Company | | | MidCap Opportunities | | | | | 33.66 | | |
| SmallCap Opportunities | | | | | 43.70 | | |
Portfolio | | | Amount | | |||
MidCap Opportunities | | | | $ | 1,632,677 | | |
SmallCap Opportunities | | | | | 461,372 | | |
Portfolio | | | Class ADV | | | Class I | | | Class R6 | | | Class S | | | Class S2 | | |||||||||||||||
MidCap Opportunities | | | | | 1.40% | | | | | | 0.90% | | | | | | 0.90% | | | | | | 1.10% | | | | | | 1.30% | | |
SmallCap Opportunities | | | | | 1.42% | | | | | | 0.92% | | | | | | 0.92% | | | | | | 1.17% | | | | | | 1.32% | | |
Portfolio | | | Class ADV | | | Class I | | | Class R6 | | | Class S | | | Class S2 | | |||||||||||||||
MidCap Opportunities(1) | | | | | 1.16% | | | | | | 0.66% | | | | | | 0.66% | | | | | | 0.91% | | | | | | 1.06% | | |
SmallCap Opportunities(1)(2) | | | | | 1.35% | | | | | | 0.85% | | | | | | 0.85% | | | | | | 1.10% | | | | | | 1.25% | | |
Portfolio | | | Days Utilized | | | Approximate Average Daily Balance For Days Utilized | | | Approximate Weighted Average Interest Rate For Days Utilized | | |||||||||
MidCap Opportunities | | | | | 2 | | | | | $ | 1,376,500 | | | | | | 1.80% | | |
SmallCap Opportunities | | | | | 8 | | | | | | 1,482,500 | | | | | | 1.26 | | |
| | | Shares sold | | | Shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) in shares outstanding | | | Shares sold | | | Proceeds from shares issued in merger | | | Reinvestment of distributions | | | Shares redeemed | | | Net increase (decrease) | | ||||||||||||||||||||||||||||||
Year or period ended | | | # | | | # | | | # | | | # | | | # | | | ($) | | | ($) | | | ($) | | | ($) | | | ($) | | ||||||||||||||||||||||||||||||
MidCap Opportunities | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 596,799 | | | | | | — | | | | | | 745,888 | | | | | | (2,436,235) | | | | | | (1,093,548) | | | | | | 7,941,102 | | | | | | — | | | | | | 9,168,321 | | | | | | (32,256,914) | | | | | | (15,147,491) | | |
12/31/2019 | | | | | 356,965 | | | | | | — | | | | | | 1,691,270 | | | | | | (2,439,897) | | | | | | (391,662) | | | | | | 4,352,473 | | | | | | — | | | | | | 19,967,832 | | | | | | (29,764,347) | | | | | | (5,444,042) | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 3,567,026 | | | | | | — | | | | | | 2,912,004 | | | | | | (16,272,557) | | | | | | (9,793,527) | | | | | | 49,551,917 | | | | | | — | | | | | | 40,084,701 | | | | | | (229,286,928) | | | | | | (139,650,310) | | |
12/31/2019 | | | | | 3,470,505 | | | | | | — | | | | | | 6,936,864 | | | | | | (12,432,218) | | | | | | (2,024,849) | | | | | | 47,730,033 | | | | | | — | | | | | | 91,356,277 | | | | | | (171,513,643) | | | | | | (32,427,333) | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 2,261,984 | | | | | | — | | | | | | 336,927 | | | | | | (1,284,317) | | | | | | 1,314,594 | | | | | | 36,111,732 | | | | | | — | | | | | | 4,633,621 | | | | | | (18,591,867) | | | | | | 22,153,486 | | |
12/31/2019 | | | | | 3,082,601 | | | | | | — | | | | | | 436,152 | | | | | | (721,268) | | | | | | 2,797,485 | | | | | | 41,380,883 | | | | | | — | | | | | | 5,741,725 | | | | | | (9,763,326) | | | | | | 37,359,282 | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 1,040,414 | | | | | | — | | | | | | 3,973,090 | | | | | | (12,148,011) | | | | | | (7,134,507) | | | | | | 14,518,097 | | | | | | — | | | | | | 50,697,882 | | | | | | (164,557,428) | | | | | | (99,341,449) | | |
12/31/2019 | | | | | 458,580 | | | | | | — | | | | | | 9,282,130 | | | | | | (14,790,129) | | | | | | (5,049,419) | | | | | | 5,760,883 | | | | | | — | | | | | | 113,564,438 | | | | | | (186,430,681) | | | | | | (67,105,360) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 228,630 | | | | | | — | | | | | | 217,776 | | | | | | (693,627) | | | | | | (247,221) | | | | | | 3,148,397 | | | | | | — | | | | | | 2,741,874 | | | | | | (9,528,530) | | | | | | (3,638,259) | | |
12/31/2019 | | | | | 120,536 | | | | | | — | | | | | | 493,498 | | | | | | (673,560) | | | | | | (59,526) | | | | | | 1,494,597 | | | | | | — | | | | | | 5,959,326 | | | | | | (8,383,763) | | | | | | (929,840) | | |
SmallCap Opportunities | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Class ADV | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 146,066 | | | | | | — | | | | | | 17,514 | | | | | | (810,414) | | | | | | (646,834) | | | | | | 2,552,338 | | | | | | — | | | | | | 322,835 | | | | | | (15,470,372) | | | | | | (12,595,199) | | |
12/31/2019 | | | | | 216,946 | | | | | | — | | | | | | 520,022 | | | | | | (686,942) | | | | | | 50,026 | | | | | | 4,263,735 | | | | | | — | | | | | | 9,811,755 | | | | | | (13,499,781) | | | | | | 575,709 | | |
Class I | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 360,346 | | | | | | — | | | | | | 36,690 | | | | | | (2,788,400) | | | | | | (2,391,364) | | | | | | 7,998,932 | | | | | | — | | | | | | 784,948 | | | | | | (58,770,666) | | | | | | (49,986,786) | | |
12/31/2019 | | | | | 482,222 | | | | | | — | | | | | | 1,196,800 | | | | | | (1,750,590) | | | | | | (71,568) | | | | | | 11,011,490 | | | | | | — | | | | | | 26,063,639 | | | | | | (38,994,410) | | | | | | (1,919,281) | | |
Class R6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 82,318 | | | | | | — | | | | | | 3,156 | | | | | | (480,942) | | | | | | (395,468) | | | | | | 1,826,379 | | | | | | — | | | | | | 67,499 | | | | | | (10,383,259) | | | | | | (8,489,381) | | |
12/31/2019 | | | | | 177,892 | | | | | | — | | | | | | 141,156 | | | | | | (512,928) | | | | | | (193,880) | | | | | | 4,169,909 | | | | | | — | | | | | | 3,072,662 | | | | | | (11,574,514) | | | | | | (4,331,943) | | |
Class S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 169,282 | | | | | | — | | | | | | 10,111 | | | | | | (592,729) | | | | | | (413,336) | | | | | | 3,327,373 | | | | | | — | | | | | | 197,111 | | | | | | (11,749,863) | | | | | | (8,225,379) | | |
12/31/2019 | | | | | 104,838 | | | | | | — | | | | | | 320,756 | | | | | | (729,381) | | | | | | (303,787) | | | | | | 2,214,691 | | | | | | — | | | | | | 6,382,391 | | | | | | (15,234,164) | | | | | | (6,637,082) | | |
Class S2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
12/31/2020 | | | | | 28,974 | | | | | | — | | | | | | 772 | | | | | | (69,914) | | | | | | (40,168) | | | | | | 540,385 | | | | | | — | | | | | | 14,534 | | | | | | (1,388,506) | | | | | | (833,587) | | |
12/31/2019 | | | | | 14,234 | | | | | | — | | | | | | 27,289 | | | | | | (60,537) | | | | | | (19,014) | | | | | | 284,941 | | | | | | — | | | | | | 525,535 | | | | | | (1,177,953) | | | | | | (367,477) | | |
Counterparty | | | Securities Loaned at Value | | | Cash Collateral Received(1) | | | Net Amount | | |||||||||
BNP Paribas Prime Brokerage Intl Ltd | | | | $ | 78,014,409 | | | | | $ | (78,014,409) | | | | | $ | — | | |
BofA Securities Inc | | | | | 18,534,768 | | | | | | (18,534,768) | | | | | | — | | |
Citigroup Global Markets Inc. | | | | | 18,683,306 | | | | | | (18,683,306) | | | | | | — | | |
J.P. Morgan Securities LLC | | | | | 6,236,551 | | | | | | (6,236,551) | | | | | | — | | |
Mirae Asset Securities (USA) INC. | | | | | 21,183,337 | | | | | | (21,183,337) | | | | | | — | | |
Mizuho Securities USA LLC. | | | | | 268,451 | | | | | | (268,451) | | | | | | — | | |
National Financial Services LLC | | | | | 1,050,259 | | | | | | (1,050,259) | | | | | | — | | |
RBC Capital Markets, LLC | | | | | 545,238 | | | | | | (545,238) | | | | | | — | | |
State Street Bank and Trust Company | | | | | 3,675,063 | | | | | | (3,675,063) | | | | | | — | | |
Wells Fargo Bank NA | | | | | 3,039,899 | | | | | | (3,039,899) | | | | | | — | | |
Wells Fargo Securities LLC | | | | | 4,154,904 | | | | | | (4,154,904) | | | | | | — | | |
Total | | | | $ | 155,386,185 | | | | | $ | (155,386,185) | | | | | $ | — | | |
Counterparty | | | Securities Loaned at Value | | | Cash Collateral Received(1) | | | Net Amount | | |||||||||
Barclays Capital Inc. | | | | $ | 470,666 | | | | | $ | (470,666) | | | | | $ | — | | |
BNP Paribas Prime Brokerage Intl Ltd | | | | | 284,686 | | | | | | (284,686) | | | | | | — | | |
BofA Securities Inc | | | | | 1,664,809 | | | | | | (1,664,809) | | | | | | — | | |
CIBC World Markets Corporation | | | | | 468,039 | | | | | | (468,039) | | | | | | — | | |
Citadel Clearing LLC | | | | | 77,495 | | | | | | (77,495) | | | | | | — | | |
Citadel securities LLC | | | | | 152,395 | | | | | | (152,395) | | | | | | — | | |
Citigroup Global Markets Inc. | | | | | 313,248 | | | | | | (313,248) | | | | | | — | | |
Daiwa Capital Markets America Inc. | | | | | 60,165 | | | | | | (60,165) | | | | | | — | | |
Deutsche Bank Securities Inc. | | | | | 2,735,690 | | | | | | (2,735,690) | | | | | | — | | |
Goldman, Sachs & Co. LLC | | | | | 1,211,158 | | | | | | (1,211,158) | | | | | | — | | |
Counterparty | | | Securities Loaned at Value | | | Cash Collateral Received(1) | | | Net Amount | | |||||||||
Jefferies LLC | | | | | 1,801,964 | | | | | | (1,801,964) | | | | | | — | | |
J.P. Morgan Securities LLC | | | | | 1,644,159 | | | | | | (1,644,159) | | | | | | — | | |
Morgan Stanley & Co. LLC | | | | | 882,694 | | | | | | (882,694) | | | | | | — | | |
National Financial Services LLC | | | | | 2,852,523 | | | | | | (2,852,523) | | | | | | — | | |
Natixis Securities America LLC | | | | | 1,461,512 | | | | | | (1,461,512) | | | | | | — | | |
Nomura Securities International, Inc. | | | | | 744,868 | | | | | | (744,868) | | | | | | — | | |
Scotia Capital (USA) INC | | | | | 615 | | | | | | (615) | | | | | | — | | |
State Street Bank and trust Company | | | | | 22,600 | | | | | | (22,600) | | | | | | — | | |
UBS Securities LLC. | | | | | 429,507 | | | | | | (429,507) | | | | | | — | | |
Wells Fargo Securities LLC | | | | | 3,376 | | | | | | (3,376) | | | | | | — | | |
Total | | | | $ | 17,282,169 | | | | | $ | (17,282,169) | | | | | $ | — | | |
|
| | | Paid-in Capital | | | Distributable Earnings | | ||||||
SmallCap Opportunities | | | | $ | (27,227) | | | | | $ | 27,227 | | |
| | | Year Ended December 31, 2020 | | | Year Ended December 31, 2019 | | ||||||||||||||||||
| | | Ordinary Income | | | Long-term Capital Gains | | | Ordinary Income | | | Long-term Capital Gains | | ||||||||||||
MidCap Opportunities | | | | $ | 9,915,105 | | | | | $ | 97,411,294 | | | | | $ | 114,247,478 | | | | | $ | 122,342,120 | | |
SmallCap Opportunities | | | | | — | | | | | | 1,386,927 | | | | | | 12,310,029 | | | | | | 33,545,953 | | |
| | | Undistributed Ordinary Income | | | Undistributed Long-term Capital Gains | | | Unrealized Appreciation/ (Depreciation) | | |||||||||
MidCap Opportunities | | | | $ | 175,411,889 | | | | | $ | 143,468,411 | | | | | $ | 650,323,073 | | |
SmallCap Opportunities | | | | | 18,623,992 | | | | | | 11,305,082 | | | | | | 48,602,085 | | |
Voya MidCap Opportunities Portfolio | as of December 31, 2020 |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: 100.3% | | |||||||||||||||
| | | Communication Services: 6.6% | | ||||||||||||
522,157 (1) | | | Snap, Inc. | | | | $ | 26,144,401 | | | | | | 1.2 | | |
197,657 (1) | | | Spotify Technology SA | | | | | 62,194,751 | | | | | | 2.7 | | |
156,867 (1) | | | Take-Two Interactive Software, Inc. | | | | | 32,595,394 | | | | | | 1.4 | | |
562,024 (2)(3) | | | Other Securities | | | | | 30,246,776 | | | | | | 1.3 | | |
| | | | | | | | 151,181,322 | | | | | | 6.6 | | |
| | | Consumer Discretionary: 11.2% | | ||||||||||||
110,866 (1)(4) | | | Burlington Stores, Inc. | | | | | 28,997,002 | | | | | | 1.3 | | |
237,486 | | | Darden Restaurants, Inc. | | | | | 28,289,332 | | | | | | 1.2 | | |
181,749 (4) | | | Expedia Group, Inc. | | | | | 24,063,568 | | | | | | 1.0 | | |
268,178 (1) | | | Five Below, Inc. | | | | | 46,925,787 | | | | | | 2.0 | | |
105,497 (1) | | | O’Reilly Automotive, Inc. | | | | | 47,744,777 | | | | | | 2.1 | | |
264,953 | | | Ross Stores, Inc. | | | | | 32,538,878 | | | | | | 1.4 | | |
180,957 (3) | | | Other Securities | | | | | 48,198,778 | | | | | | 2.2 | | |
| | | | | | | | 256,758,122 | | | | | | 11.2 | | |
| | | Consumer Staples: 3.4% | | ||||||||||||
337,460 | | | Church & Dwight Co., Inc. | | | | | 29,436,636 | | | | | | 1.3 | | |
219,356 | | | Constellation Brands, Inc. | | | | | 48,049,932 | | | | | | 2.1 | | |
| | | | | | | | 77,486,568 | | | | | | 3.4 | | |
| | | Financials: 3.8% | | ||||||||||||
109,490 | | | MSCI, Inc. – Class A | | | | | 48,890,570 | | | | | | 2.1 | | |
259,909 | | | Progressive Corp. | | | | | 25,699,802 | | | | | | 1.1 | | |
132,328 | | | Other Securities | | | | | 13,791,224 | | | | | | 0.6 | | |
| | | | | | | | 88,381,596 | | | | | | 3.8 | | |
| | | Health Care: 22.5% | | ||||||||||||
237,977 | | | Agilent Technologies, Inc. | | | | | 28,197,895 | | | | | | 1.2 | | |
100,292 (1) | | | Align Technology, Inc. | | | | | 53,594,039 | | | | | | 2.3 | | |
124,437 (1) | | | Amedisys, Inc. | | | | | 36,501,105 | | | | | | 1.6 | | |
281,824 (1) | | | BioMarin Pharmaceu tical, Inc. | | | | | 24,713,147 | | | | | | 1.1 | | |
132,920 (1) | | | Charles River Laboratories International, Inc. | | | | | 33,211,391 | | | | | | 1.5 | | |
66,084 (1) | | | DexCom, Inc. | | | | | 24,432,576 | | | | | | 1.0 | | |
397,861 (1) | | | Exact Sciences Corp. | | | | | 52,712,604 | | | | | | 2.3 | | |
613,125 (1) | | | Horizon Therapeutics Plc | | | | | 44,850,094 | | | | | | 2.0 | | |
167,078 (1)(4) | | | Nevro Corp. | | | | | 28,921,202 | | | | | | 1.3 | | |
169,831 (1)(4) | | | Novocure Ltd. | | | | | 29,387,556 | | | | | | 1.3 | | |
264,232 (1)(4) | | | PRA Health Sciences, Inc. | | | | | 33,145,262 | | | | | | 1.4 | | |
318,910 (1) | | | Tandem Diabetes Care, Inc. | | | | | 30,513,309 | | | | | | 1.3 | | |
105,438 | | | Teleflex, Inc. | | | | | 43,395,117 | | | | | | 1.9 | | |
130,411 (1)(4) | | | Veeva Systems, Inc. | | | | | 35,504,395 | | | | | | 1.5 | | |
102,549 (3) | | | Other Securities | | | | | 17,960,432 | | | | | | 0.8 | | |
| | | | | | | | 517,040,124 | | | | | | 22.5 | | |
| | | Industrials: 12.0% | | ||||||||||||
360,309 | | | Ametek, Inc. | | | | | 43,575,771 | | | | | | 1.9 | | |
58,192 (1) | | | CoStar Group, Inc. | | | | | 53,785,702 | | | | | | 2.3 | | |
174,708 | | | Hubbell, Inc. | | | | | 27,392,467 | | | | | | 1.2 | | |
111,521 | | | IDEX Corp. | | | | | 22,214,983 | | | | | | 1.0 | | |
884,326 | | | Quanta Services, Inc. | | | | | 63,689,159 | | | | | | 2.8 | | |
68,001 | | | Roper Technologies, Inc. | | | | | 29,314,551 | | | | | | 1.3 | | |
349,220 | | | Waste Connections, Inc. | | | | | 35,819,495 | | | | | | 1.5 | | |
| | | | | | | | 275,792,128 | | | | | | 12.0 | | |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: (continued) | | |||||||||||||||
| | | Information Technology: 36.8% | | ||||||||||||
472,712 (1) | | | Anaplan, Inc. | | | | $ | 33,964,357 | | | | | | 1.5 | | |
105,560 (1) | | | Autodesk, Inc. | | | | | 32,231,690 | | | | | | 1.4 | | |
331,114 | | | Booz Allen Hamilton Holding Corp. | | | | | 28,866,519 | | | | | | 1.3 | | |
279,822 (1) | | | Cadence Design Systems, Inc. | | | | | 38,176,116 | | | | | | 1.7 | | |
291,823 | | | CDW Corp. | | | | | 38,459,353 | | | | | | 1.7 | | |
297,073 (1)(4) | | | DocuSign, Inc. | | | | | 66,039,328 | | | | | | 2.9 | | |
539,557 (1) | | | Dynatrace, Inc. | | | | | 23,346,631 | | | | | | 1.0 | | |
394,651 | | | Entegris, Inc. | | | | | 37,925,961 | | | | | | 1.6 | | |
186,220 (1)(4) | | | Everbridge, Inc. | | | | | 27,759,815 | | | | | | 1.2 | | |
82,869 (1) | | | Fair Isaac Corp. | | | | | 42,349,374 | | | | | | 1.8 | | |
291,220 (1)(4) | | | Five9, Inc. | | | | | 50,788,768 | | | | | | 2.2 | | |
185,222 (1) | | | Inphi Corp. | | | | | 29,722,574 | | | | | | 1.3 | | |
87,608 | | | Lam Research Corp. | | | | | 41,374,630 | | | | | | 1.8 | | |
95,778 | | | Monolithic Power Systems, Inc. | | | | | 35,076,777 | | | | | | 1.5 | | |
184,966 (1)(4) | | | Paylocity Holding Corp. | | | | | 38,086,349 | | | | | | 1.7 | | |
203,176 (1)(4) | | | RingCentral, Inc. | | | | | 76,997,609 | | | | | | 3.3 | | |
207,160 (1)(4) | | | Twilio, Inc. | | | | | 70,123,660 | | | | | | 3.1 | | |
127,524 (1) | | | Zebra Technologies Corp. | | | | | 49,011,299 | | | | | | 2.1 | | |
346,768 (1)(4) | | | Zendesk, Inc. | | | | | 49,629,436 | | | | | | 2.2 | | |
187,638 (2)(3) | | | Other Securities | | | | | 34,700,482 | | | | | | 1.5 | | |
| | | | | | | | 844,630,728 | | | | | | 36.8 | | |
| | | Materials: 2.8% | | ||||||||||||
278,620 (1) | | | Crown Holdings, Inc. | | | | | 27,917,724 | | | | | | 1.2 | | |
402,442 (3) | | | Other Securities | | | | | 35,836,149 | | | | | | 1.6 | | |
| | | | | | | | 63,753,873 | | | | | | 2.8 | | |
| | | Real Estate: 1.2% | | ||||||||||||
429,979 | | | Equity Lifestyle Properties, Inc. | | | | | 27,243,469 | | | | | | 1.2 | | |
| | | Total Common Stock | | | | | | | | | | | | | |
| | | (Cost $1,641,317,437) | | | | | 2,302,267,930 | | | | | | 100.3 | | |
|
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: 7.6% | | |||||||||||||||
| | | Repurchase Agreements: 6.4% | | ||||||||||||
8,056,583 (5) | | | Amherst Pierpoint Securities LLC, Repurchase Agreement dated 12/31/20, 0.10%, due 01/04/21 (Repurchase Amount $8,056,671, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-4.628%, Market Value plus accrued interest $8,217,715, due 02/03/21-11/20/70) | | | | | 8,056,583 | | | | | | 0.3 | | |
Voya MidCap Opportunities Portfolio | as of December 31, 2020 (continued) |
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: (continued) | | |||||||||||||||
| | | Repurchase Agreements (continued) | | ||||||||||||
5,064,140 (5) | | | Bethesda Securities LLC, Repurchase Agreement dated 12/31/20, 0.10%, due 01/04/21 (Repurchase Amount $5,064,195, collateralized by various U.S. Government Agency Obligations, 2.500%-5.500%, Market Value plus accrued interest $5,165,423, due 07/01/24-10/01/50) | | | | $ | 5,064,140 | | | | | | 0.2 | | |
6,840,807 (5) | | | BNP Paribas S.A., Repurchase Agreement dated 12/31/20, 0.24%, due 01/04/21 (Repurchase Amount $6,840,987, collateralized by various U.S. Government Securities, 0.750%-8.750%, Market Value plus accrued interest $7,182,847, due 03/01/21-11/20/40) | | | | | 6,840,807 | | | | | | 0.3 | | |
23,908,508 (5) | | | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $23,908,691, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $24,386,678, due 01/25/21-10/15/62) | | | | | 23,908,508 | | | | | | 1.0 | | |
8,182,792 (5) | | | CF Secured LLC, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $8,182,855, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-4.750%, Market Value plus accrued interest $8,346,448, due 01/14/21-01/20/69) | | | | | 8,182,792 | | | | | | 0.4 | | |
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: (continued) | | |||||||||||||||
| | | Repurchase Agreements (continued) | | ||||||||||||
14,974,795 (5) | | | Citadel Securities LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $14,975,008, collateralized by various U.S. Government Securities, 0.000%-7.875%, Market Value plus accrued interest $15,274,524, due 01/31/21-05/15/49) | | | | $ | 14,974,795 | | | | | | 0.7 | | |
20,648,748 (5) | | | Daiwa Capital Markets, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $20,648,906, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $21,061,723, due 01/26/21-01/01/51) | | | | | 20,648,748 | | | | | | 0.9 | | |
3,301,076 (5) | | | Industrial & Comm. Bank of China, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $3,301,101, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $3,367,098, due 01/04/21-12/01/50) | | | | | 3,301,076 | | | | | | 0.1 | | |
1,603,249 (5) | | | Jefferies LLC, Repurchase Agreement dated 12/31/20, 0.06%, due 01/04/21 (Repurchase Amount $1,603,260, collateralized by various U.S. Government Securities, 0.000%-2.250%, Market Value plus accrued interest $1,635,314, due 03/02/21-08/15/29) | | | | | 1,603,249 | | | | | | 0.1 | | |
Voya MidCap Opportunities Portfolio | as of December 31, 2020 (continued) |
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: (continued) | | |||||||||||||||
| | | Repurchase Agreements (continued) | | ||||||||||||
9,348,200 (5) | | | JVB Financial Group LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $9,348,333, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.125%-7.000%, Market Value plus accrued interest $9,535,164, due 07/01/22-12/01/50) | | | | $ | 9,348,200 | | | | | | 0.4 | | |
10,681,393 (5) | | | Mirae Asset Securities USA Inc., Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $10,681,545, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-8.125%, Market Value plus accrued interest $10,895,179, due 02/18/21-01/15/62) | | | | | 10,681,393 | | | | | | 0.5 | | |
8,396,638 (5) | | | Palafox Trading LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $8,396,758, collateralized by various U.S. Government Securities, 0.250%-1.125%, Market Value plus accrued interest $8,567,672, due 02/28/25-05/31/25) | | | | | 8,396,638 | | | | | | 0.4 | | |
2,621,920 (5) | | | Royal Bank of Canada, Repurchase Agreement dated 12/31/20, 0.21%, due 01/04/21 (Repurchase Amount $2,621,980, collateralized by various U.S. Government Securities, 0.379%-10.200%, Market Value plus accrued interest $2,736,853, due 05/13/21-11/01/40) | | | | | 2,621,920 | | | | | | 0.1 | | |
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: (continued) | | |||||||||||||||
| | | Repurchase Agreements (continued) | | ||||||||||||
23,729,906 (5) | | | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/20, 0.16%, due 01/04/21 (Repurchase Amount $23,730,322, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $24,264,833, due 07/15/22-02/15/47) | | | | $ | 23,729,906 | | | | | | 1.0 | | |
| | | Total Repurchase Agreements (Cost $147,358,755) | | | | | 147,358,755 | | | | | | 6.4 | | |
|
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
| | | Mutual Funds(5): 1.2% | | ||||||||||||
20,593,087 (5)(6) | | | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.000% | | | | | 20,593,087 | | | | | | 0.9 | | |
4,510,000 (5)(6) | | | Goldman Sachs Financial Square Government Fund - Institutional Shares, 0.020% | | | | | 4,510,000 | | | | | | 0.2 | | |
2,640,000 (5)(6) | | | Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Institutional Share Class), 0.030% | | | | | 2,640,000 | | | | | | 0.1 | | |
| | | Total Mutual Funds (Cost $27,743,087) | | | | | 27,743,087 | | | | | | 1.2 | | |
| | | Total Short-Term Investments (Cost $175,101,842) | | | | | 175,101,842 | | | | | | 7.6 | | |
| | | Total Investments in Securities (Cost $1,816,419,279) | | | | $ | 2,477,369,772 | | | | | | 107.9 | | |
| | | Liabilities in Excess of Other Assets | | | | | (182,070,072) | | | | | | (7.9) | | |
| | | Net Assets | | | | $ | 2,295,299,700 | | | | | | 100.0 | | |
Voya MidCap Opportunities Portfolio | as of December 31, 2020 (continued) |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2020 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock* | | | | $ | 2,302,267,930 | | | | | $ | — | | | | | $ | — | | | | | $ | 2,302,267,930 | | |
Short-Term Investments | | | | | 27,743,087 | | | | | | 147,358,755 | | | | | | — | | | | | | 175,101,842 | | |
Total Investments, at fair value | | | | $ | 2,330,011,017 | | | | | $ | 147,358,755 | | | | | $ | — | | | | | $ | 2,477,369,772 | | |
| Gross Unrealized Appreciation | | | | $ | 663,932,778 | | |
| Gross Unrealized Depreciation | | | | | (13,609,705) | | |
| Net Unrealized Appreciation | | | | $ | 650,323,073 | | |
Voya SmallCap | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunities Portfolio | as of December 31, 2020 |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
COMMON STOCK: 99.1% | | |||||||||||||||
| | | Communication Services: 1.2% | | ||||||||||||
248,185 (1) | | | Other Securities | | | | $ | 3,754,831 | | | | | | 1.2 | | |
| | | | | ||||||||||||
| | | Consumer Discretionary: 16.9% | | ||||||||||||
55,997 (2) | | | Caesars Entertainment, Inc. | | | | | 4,158,897 | | | | | | 1.3 | | |
11,397 (2) | | | Deckers Outdoor Corp. | | | | | 3,268,432 | | | | | | 1.1 | | |
14,654 (2) | | | Helen of Troy Ltd. | | | | | 3,255,972 | | | | | | 1.0 | | |
22,263 | | | LCI Industries | | | | | 2,887,066 | | | | | | 0.9 | | |
93,897 (2)(3) | | | Leslie’s, Inc. | | | | | 2,605,642 | | | | | | 0.8 | | |
23,904 | | | Marriott Vacations Worldwide Corp. | | | | | 3,280,107 | | | | | | 1.1 | | |
23,814 | | | Murphy USA, Inc. | | | | | 3,116,538 | | | | | | 1.0 | | |
8,092 (2) | | | RH | | | | | 3,621,332 | | | | | | 1.2 | | |
28,942 | | | Strategic Education, Inc. | | | | | 2,759,041 | | | | | | 0.9 | | |
36,295 | | | Texas Roadhouse, Inc. | | | | | 2,836,817 | | | | | | 0.9 | | |
513,404 (1)(4) | | | Other Securities | | | | | 21,053,719 | | | | | | 6.7 | | |
| | | | | | | | 52,843,563 | | | | | | 16.9 | | |
| | | Consumer Staples: 1.3% | | ||||||||||||
185,746 (1) | | | Other Securities | | | | | 4,152,595 | | | | | | 1.3 | | |
| | | | | ||||||||||||
| | | Energy: 0.5% | | ||||||||||||
21,666 (1) | | | Other Securities | | | | | 1,534,386 | | | | | | 0.5 | | |
| | | | | ||||||||||||
| | | Financials: 6.0% | | ||||||||||||
19,473 | | | Primerica, Inc. | | | | | 2,608,019 | | | | | | 0.8 | | |
20,365 | | | Signature Bank | | | | | 2,755,181 | | | | | | 0.9 | | |
82,127 (2) | | | StepStone Group, Inc. | | | | | 3,268,655 | | | | | | 1.1 | | |
247,554 (1)(4) | | | Other Securities | | | | | 10,106,980 | | | | | | 3.2 | | |
| | | | | | | | 18,738,835 | | | | | | 6.0 | | |
| | | Health Care: 30.5% | | ||||||||||||
24,341 (2) | | | Addus HomeCare Corp. | | | | | 2,850,088 | | | | | | 0.9 | | |
40,457 (2) | | | Arrowhead Pharmaceuticals, Inc. | | | | | 3,104,265 | | | | | | 1.0 | | |
29,412 (2) | | | Biohaven Pharmaceutical Holding Co. Ltd. | | | | | 2,520,902 | | | | | | 0.8 | | |
24,132 (2) | | | Blueprint Medicines Corp. | | | | | 2,706,404 | | | | | | 0.9 | | |
49,095 | | | Cantel Medical Corp. | | | | | 3,871,632 | | | | | | 1.2 | | |
37,901 | | | Encompass Health Corp. | | | | | 3,134,034 | | | | | | 1.0 | | |
26,528 (2) | | | Haemonetics Corp. | | | | | 3,150,200 | | | | | | 1.0 | | |
41,853 (2) | | | HealthEquity, Inc. | | | | | 2,917,573 | | | | | | 0.9 | | |
36,582 (2) | | | Integer Holdings Corp. | | | | | 2,970,092 | | | | | | 0.9 | | |
38,063 (2) | | | Magellan Health, Inc. | | | | | 3,153,139 | | | | | | 1.0 | | |
13,597 (2) | | | Mirati Therapeutics, Inc. | | | | | 2,986,445 | | | | | | 1.0 | | |
2,447,956 (1)(4) | | | Other Securities | | | | | 62,273,161 | | | | | | 19.9 | | |
| | | | | | | | 95,637,935 | | | | | | 30.5 | | |
| | | Industrials: 13.9% | | ||||||||||||
32,997 (2) | | | ASGN, Inc. | | | | | 2,756,239 | | | | | | 0.9 | | |
120,089 (2) | | | Builders FirstSource, Inc. | | | | | 4,900,832 | | | | | | 1.6 | | |
Shares | | | Value | | | Percentage of Net Assets | | | | |||||||||||||
COMMON STOCK: (continued) | | | | |||||||||||||||||||
| | | Industrials (continued) | | | | ||||||||||||||||
49,674 (2) | | | Casella Waste Systems, Inc. | | | | $ | 3,077,304 | | | | | | 1.0 | | | | | ||||
37,735 | | | Crane Co. | | | | | 2,930,500 | | | | | | 0.9 | | | | | ||||
35,876 | | | EMCOR Group, Inc. | | | | | 3,281,219 | | | | | | 1.0 | | | | | ||||
30,951 | | | John Bean Technologies Corp. | | | | | 3,524,390 | | | | | | 1.1 | | | | | ||||
93,162 | | | Werner Enterprises, Inc. | | | | | 3,653,814 | | | | | | 1.2 | | | | | ||||
630,612 (1)(4) | | | Other Securities | | | | | 19,491,464 | | | | | | 6.2 | | | | | ||||
| | | | | | | | 43,615,762 | | | | | | 13.9 | | | | | ||||
| | | Information Technology: 25.0% | | | | ||||||||||||||||
89,596 (2) | | | ACI Worldwide, Inc. | | | | | 3,443,174 | | | | | | 1.1 | | | | | ||||
39,926 (2) | | | Advanced Energy Industries, Inc. | | | | | 3,871,624 | | | | | | 1.2 | | | | | ||||
77,612 | | | CSG Systems International, Inc. | | | | | 3,497,973 | | | | | | 1.1 | | | | | ||||
53,794 (2) | | | Envestnet, Inc. | | | | | 4,426,708 | | | | | | 1.4 | | | | | ||||
203,604 (2) | | | Grid Dynamics Holdings, Inc. | | | | | 2,565,410 | | | | | | 0.8 | | | | | ||||
30,305 (2) | | | Itron, Inc. | | | | | 2,906,250 | | | | | | 0.9 | | | | | ||||
47,478 (2) | | | j2 Global, Inc. | | | | | 4,638,126 | | | | | | 1.5 | | | | | ||||
55,013 (2) | | | Lattice Semiconductor Corp. | | | | | 2,520,696 | | | | | | 0.8 | | | | | ||||
34,391 (2) | | | LiveRamp Holdings, Inc. | | | | | 2,517,077 | | | | | | 0.8 | | | | | ||||
47,116 (2) | | | Mimecast Ltd. | | | | | 2,678,073 | | | | | | 0.9 | | | | | ||||
73,838 (2) | | | Onto Innovation, Inc. | | | | | 3,510,997 | | | | | | 1.1 | | | | | ||||
22,057 (2) | | | Proofpoint, Inc. | | | | | 3,008,795 | | | | | | 1.0 | | | | | ||||
31,269 (2) | | | Q2 Holdings, Inc. | | | | | 3,956,467 | | | | | | 1.3 | | | | | ||||
34,409 (2) | | | RealPage, Inc. | | | | | 3,001,841 | | | | | | 1.0 | | | | | ||||
32,308 (2) | | | Silicon Laboratories, Inc. | | | | | 4,114,101 | | | | | | 1.3 | | | | | ||||
210,243 (2) | | | Verra Mobility Corp. | | | | | 2,821,461 | | | | | | 0.9 | | | | | ||||
237,815 (2) | | | Viavi Solutions, Inc. | | | | | 3,561,280 | | | | | | 1.1 | | | | | ||||
435,476 (1)(4) | | | Other Securities | | | | | 21,212,126 | | | | | | 6.8 | | | | | ||||
| | | | | | | | 78,252,179 | | | | | | 25.0 | | | | | ||||
| | | Materials: 2.6% | | | | | | | | ||||||||||||
67,742 | | | Avient Corp. | | | | | 2,728,647 | | | | | | 0.8 | | | | | ||||
37,788 | | | Sensient Technologies Corp. | | | | | 2,787,621 | | | | | | 0.9 | | | | | ||||
44,786 | | | Other Securities | | | | | 2,770,004 | | | | | | 0.9 | | | | | ||||
| | | | | | | | 8,286,272 | | | | | | 2.6 | | | | | ||||
| | | Real Estate: 1.2% | | | | ||||||||||||||||
137,109 (4) | | | Other Securities | | | | | 3,640,527 | | | | | | 1.2 | | | | | ||||
| | | Total Common Stock | | | | | | | | | | | | | | | | ||||
| | | (Cost $257,655,769) | | | | | 310,456,885 | | | | | | 99.1 | | | | | ||||
EXCHANGE-TRADED FUNDS: 0.5% | | | | |||||||||||||||||||
5,539 | | | Other Securities | | | | | 1,588,031 | | | | | | 0.5 | | | | | ||||
| | | Total Exchange-Traded Funds (Cost $1,601,325) | | | | | 1,588,031 | | | | | | 0.5 | | | | | ||||
| | | Total Long-Term Investments (Cost $259,257,094) | | | | | 312,044,916 | | | | | | 99.6 | | | | | ||||
|
Voya SmallCap | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunities Portfolio | as of December 31, 2020 (continued) |
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: 8.4% | | |||||||||||||||
| | | Repurchase Agreements: 5.6% | | ||||||||||||
3,032,445 (5) | | | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $3,032,468, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $3,093,094, due 01/25/21-10/15/62) | | | | $ | 3,032,445 | | | | | | 1.0 | | |
1,085,173 (5) | | | CF Secured LLC, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $1,085,181, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-4.750%, Market Value plus accrued interest $1,106,877, due 01/14/21-01/20/69) | | | | | 1,085,173 | | | | | | 0.3 | | |
2,586,969 (5) | | | Citadel Securities LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $2,587,006, collateralized by various U.S. Government Securities, 0.000%-7.875%, Market Value plus accrued interest $2,638,749, due 01/31/21-05/15/49) | | | | | 2,586,969 | | | | | | 0.8 | | |
1,319,248 (5) | | | JVB Financial Group LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $1,319,267, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.125%-7.000%, Market Value plus accrued interest $1,345,633, due 07/01/22-12/01/50) | | | | | 1,319,248 | | | | | | 0.4 | | |
Principal Amount† | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: (continued) | | |||||||||||||||
| | | Repurchase Agreements (continued) | | ||||||||||||
1,354,779 (5) | | | Mirae Asset Securities USA Inc., Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $1,354,798, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-8.125%, Market Value plus accrued interest $1,381,895, due 02/18/21-01/15/62) | | | | $ | 1,354,779 | | | | | | 0.4 | | |
1,450,562 (5) | | | Palafox Trading LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $1,450,583, collateralized by various U.S. Government Securities, 0.250%-1.125%, Market Value plus accrued interest $1,480,109, due 02/28/25-05/31/25) | | | | | 1,450,562 | | | | | | 0.5 | | |
3,651,127 (5) | | | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/20, 0.08%, due 01/04/21 (Repurchase Amount $3,651,159, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $3,724,150, due 01/05/21-12/20/50) | | | | | 3,651,127 | | | | | | 1.2 | | |
3,009,791 (5) | | | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/20, 0.16%, due 01/04/21 (Repurchase Amount $3,009,844, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $3,077,639, due 07/15/22-02/15/47) | | | | | 3,009,791 | | | | | | 1.0 | | |
| | | Total Repurchase Agreements (Cost $17,490,094) | | | | | 17,490,094 | | | | | | 5.6 | | |
|
Voya SmallCap | SUMMARY PORTFOLIO OF INVESTMENTS |
Opportunities Portfolio | as of December 31, 2020 (continued) |
Shares | | | Value | | | Percentage of Net Assets | | |||||||||
SHORT-TERM INVESTMENTS: (continued) | | |||||||||||||||
| | | Mutual Funds(5): 2.8% | | ||||||||||||
8,729,017 (5)(6) | | | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.000% (Cost $8,729,017) | | | | $ | 8,729,017 | | | | | | 2.8 | | |
| | | Total Short-Term Investments (Cost $26,219,111) | | | | | 26,219,111 | | | | | | 8.4 | | |
| | | Total Investments in Securities (Cost $285,476,205) | | | | $ | 338,264,027 | | | | | | 108.0 | | |
| | | Liabilities in Excess of Other Assets | | | | | (24,916,671) | | | | | | (8.0) | | |
| | | Net Assets | | | | $ | 313,347,356 | | | | | | 100.0 | | |
| | | Quoted Prices in Active Markets for Identical Investments (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Fair Value at December 31, 2020 | | ||||||||||||
Asset Table | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stock* | | | | $ | 310,456,885 | | | | | $ | — | | | | | $ | — | | | | | $ | 310,456,885 | | |
Exchange-Traded Funds | | | | | 1,588,031 | | | | | | — | | | | | | — | | | | | | 1,588,031 | | |
Short-Term Investments | | | | | 8,729,017 | | | | | | 17,490,094 | | | | | | — | | | | | | 26,219,111 | | |
Total Investments, at fair value | | | | $ | 320,773,933 | | | | | $ | 17,490,094 | | | | | $ | — | | | | | $ | 338,264,027 | | |
| Gross Unrealized Appreciation | | | | $ | 60,421,656 | | |
| Gross Unrealized Depreciation | | | | | (11,819,571) | | |
| Net Unrealized Appreciation | | | | $ | 48,602,085 | | |
Portfolio Name | | | Type | | | Per Share Amount | | |||
Voya MidCap Opportunities Portfolio | | | | | | | | | | |
Class ADV | | | NII | | | | $ | 0.0021 | | |
Class I | | | NII | | | | $ | 0.0080 | | |
Class R6 | | | NII | | | | $ | 0.0082 | | |
Class S | | | NII | | | | $ | 0.0073 | | |
Class S2 | | | NII | | | | $ | 0.0049 | | |
Class ADV | | | STCG | | | | $ | 0.0623 | | |
Class I | | | STCG | | | | $ | 0.0718 | | |
Class R6 | | | STCG | | | | $ | 0.0748 | | |
Class S | | | STCG | | | | $ | 0.0646 | | |
Class S2 | | | STCG | | | | $ | 0.0623 | | |
All Classes | | | LTCG | | | | $ | 0.7409 | | |
Voya SmallCap Opportunities Portfolio | | | | | | | | | | |
Class ADV | | | NII | | | | $ | — | | |
Class I | | | NII | | | | $ | — | | |
Class R6 | | | NII | | | | $ | — | | |
Class S | | | NII | | | | $ | — | | |
Class S2 | | | NII | | | | $ | — | | |
All Classes | | | LTCG | | ��� | | $ | 0.1030 | | |
| Voya MidCap Opportunities Portfolio | | | | | 92.84% | | |
| Voya MidCap Opportunities Portfolio | | | | $ | 97,411,294 | | |
| Voya SmallCap Opportunities Portfolio | | | | $ | 1,386,927 | | |
Name, Address and Age | | | Position(s) Held With the Trust | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | | | Number of funds in Fund Complex Overseen by Trustee(2) | | | Other Board Positions Held by Trustee | |
Independent Trustees: | | | | | | | | | | | | | | | | |
Colleen D. Baldwin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 60 | | | Trustee Chairperson | | | November 2007 – Present January 2020 – Present | | | President, Glantuam Partners, LLC, a business consulting firm (January 2009 – Present). | | | 133 | | | Dentaquest (February 2014 – Present); RSR Partners, Inc. (2016 – Present). | |
John V. Boyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 67 | | | Trustee | | | January 2005 – Present | | | Retired. Formerly, President and Chief Executive Officer, Bechtler Arts Foundation, an arts and education foundation (January 2008 – December 2019). | | | 133 | | | None. | |
Patricia W. Chadwick 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 72 | | | Trustee | | | January 2006 – Present | | | Consultant and President, Ravengate Partners LLC, a consulting firm that provides advice regarding financial markets and the global economy (January 2000 – Present). | | | 133 | | | Wisconsin Energy Corporation (June 2006 – Present); The Royce Funds (22 funds) (December 2009 – Present); and AMICA Mutual Insurance Company (1992 – Present). | |
Martin J. Gavin 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, AZ 85258 Age: 70 | | | Trustee | | | August 2015 – Present | | | Retired. Formerly, President and Chief Executive Officer, Connecticut Children’s Medical Center (May 2006 – November 2015). | | | 133 | | | None. | |
Joseph E. Obermeyer 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 63 | | | Trustee | | | May 2013 – Present | | | President, Obermeyer & Associates, Inc., a provider of financial and economic consulting services (November 1999 – Present). | | | 133 | | | None. | |
Sheryl K. Pressler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 70 | | | Trustee | | | January 2006 – Present | | | Consultant (May 2001 – Present). | | | 133 | | | None. | |
Christopher P. Sullivan 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 67 | | | Trustee | | | October 2015 – Present | | | Retired. | | | 133 | | | None. | |
Name, Address and Age | | | Position(s) Held With the Trust | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | | | Number of funds in Fund Complex Overseen by Trustee(2) | | | Other Board Positions Held by Trustee | | | | | | | ||||||||||
Trustee who is an “interested person”: | | | | | | | | | | | | | | | | | |||||||||||||||
Dina Santoro 230 Park Avenue New York, New York 10169 Age: 47 | | | Trustee | | | July 2018 – Present | | | President, Voya Investments, LLC and Voya Capital, LLC (March 2018 – Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Senior Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017 – Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004 – August 2017). | | | 133 | | | Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Voya Investments Distributor, LLC (April 2018 – Present). | | | | | | |
Name, Address and Age | | | Position(s) Held With the Trust | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
Michael Bell One Orange Way Windsor, Connecticut 06095 Age: 52 | | | Chief Executive Officer | | | March 2018 – Present | | | Chief Executive Officer and Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018 – Present); Senior Vice President and Chief Financial Officer, Voya Investments Distributor, LLC (September 2019 – Present); Chief Financial Officer, Voya Investment Management (September 2014 – Present). Formerly, Senior Vice President, Chief Financial Officer and Treasurer, Voya Investments, LLC (November 2015 – March 2018). | |
Dina Santoro 230 Park Avenue New York, New York 10169 Age: 47 | | | President | | | March 2018 – Present | | | President and Director, Voya Investments, LLC and Voya Capital, LLC (March 2018-Present); Director, Voya Funds Services, LLC (March 2018-Present); Director and Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Senior Managing Director, Head of Product and Marketing Strategy, Voya Investment Management (September 2017-Present). Formerly, Managing Director, Quantitative Management Associates, LLC (January 2004-August 2017). | |
Jonathan Nash 230 Park Avenue New York, New York 10169 Age: 53 | | | Executive Vice President Chief Investment Risk Officer | | | March 2020 – Present March 2020 – Present | | | Senior Vice President, Investment Risk Management, Voya Investment Management (March 2017 – Present); Formerly, Consultant, DA Capital LLC (January 2016 – March 2017); Managing Director, Enterprise Risk, American International Group (AIG) (September 2014 – March 2015). | |
James M. Fink 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 62 | | | Executive Vice President | | | March 2018 – Present | | | Managing Director, Voya Investments, LLC, Voya Capital, LLC, and Voya Funds Services, LLC (March 2018-Present); Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Chief Administrative Officer, Voya Investment Management (September 2017-Present). Formerly, Managing Director, Operations, Voya Investment Management (March 1999 – September 2017). | |
Kevin M. Gleason 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 54 | | | Chief Compliance Officer | | | February 2012 – Present | | | Senior Vice President, Voya Investment Management and Chief Compliance Officer, Voya Family of Funds (February 2012 – Present). | |
Todd Modic 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 53 | | | Senior Vice President, Chief/Principal Financial Officer and Assistant Secretary | | | March 2005 – Present | | | President, Voya Funds Services, LLC (March 2018 – Present) and Senior Vice President, Voya Investments, LLC (April 2005 – Present). | |
Kimberly A. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 56 | | | Senior Vice President | | | November 2003 – Present | | | Senior Vice President, Voya Investments, LLC (September 2003 – Present). | |
Micheline S. Faver 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 43 | | | Senior Vice President | | | September 2020 – Present | | | Vice President, Head of Fund Compliance and Chief Compliance Officer, Voya Investments, LLC (June 2016 – Present). Formerly, Vice President, Mutual Fund Compliance (March 2014 – June 2016). | |
Robert Terris 5780 Powers Ferry Road NW Atlanta, Georgia 30327 Age: 50 | | | Senior Vice President | | | May 2006 – Present | | | Senior Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Senior Vice President, Head of Investment Services, Voya Investments, LLC (April 2018 – Present) and Voya Funds Services, LLC (March 2006 – Present). Formerly, Senior Vice President, Head of Division Operations, Voya Investments, LLC (October 2015 – April 2018). | |
Name, Address and Age | | | Position(s) Held With the Trust | | | Term of Office and Length of Time Served(1) | | | Principal Occupation(s) – During the Past 5 Years | |
Fred Bedoya 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 48 | | | Vice President and Treasurer | | | September 2012 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (July 2012 – Present). | |
Maria M. Anderson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 62 | | | Vice President | | | September 2004 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (September 2004 – Present). | |
Sara M. Donaldson 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 61 | | | Vice President | | | September 2014 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present). | |
Robyn L. Ichilov 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 53 | | | Vice President | | | November 1999 – Present | | | Vice President, Voya Funds Services, LLC (November 1995 – Present) and Voya Investments, LLC (August 1997 – Present). | |
Jason Kadavy 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 44 | | | Vice President | | | September 2012 – Present | | | Vice President, Voya Investments, LLC (October 2015 – Present) and Voya Funds Services, LLC (July 2007 – Present). | |
Andrew K. Schlueter 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 44 | | | Vice President | | | March 2018 – Present | | | Vice President, Voya Investments Distributor, LLC (April 2018 – Present); Vice President, Voya Investments, LLC and Voya Funds Services, LLC (March 2018 – Present); Vice President, Head of Mutual Fund Operations, Voya Investment Management (February 2018 – Present). Formerly, Vice President, Voya Investment Management (March 2014 – February 2018). | |
Craig Wheeler 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 51 | | | Vice President | | | May 2013 – Present | | | Vice President – Director of Tax, Voya Investments, LLC (October 2015 – Present). | |
Monia Piacenti One Orange Way Windsor, Connecticut 06095 Age: 44 | | | Anti-Money Laundering Officer | | | June 2018 – Present | | | Anti-Money Laundering Officer, Voya Investments Distributor, LLC, Voya Investment Management and Voya Investment Management Trust Co. (June 2018 – Present); Compliance Consultant, Voya Financial, Inc. (January 2019 – Present). Formerly, Senior Compliance Officer, Voya Investment Management (December 2009 – December 2018). | |
Joanne F. Osberg 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 39 | | | Secretary | | | September 2020 – Present | | | Vice President and Senior Counsel, Voya Investment Management – Mutual Fund Legal Department (September 2020 – Present). Formerly, Vice President, Counsel II, Voya Investment Management – Mutual Fund Legal Department (January 2013 – September 2020). | |
Paul A. Caldarelli 7337 East Doubletree Ranch Rd. Suite 100 Scottsdale, Arizona 85258 Age: 69 | | | Assistant Secretary | | | June 2010 – Present | | | Vice President and Senior Counsel, Voya Investment Management – Mutual Fund Legal Department (March 2010 – Present). | |
Voya Investments, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
Voya Investments Distributor, LLC
7337 East Doubletree Ranch Road, Suite 100
Scottsdale, Arizona 85258
BNY Mellon Investment Servicing (U.S.) Inc.
301 Bellevue Parkway
Wilmington, Delaware 19809
Ernst & Young LLP
200 Clarendon Street
Boston, Massachusetts 02116
The Bank of New York Mellon
225 Liberty Street
New York, New York 10286
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, Massachusetts 02199
Item 2. Code of Ethics.
As of the end of the period covered by this report, Registrant had adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to the Registrant’s principal executive officer and principal financial officer. There were no amendments to the Code during the period covered by the report. The Registrant did not grant any waivers, including implicit waivers, from any provisions of the Code during the period covered by this report. The code of ethics is filed herewith pursuant to Item 10(a)(1), Ex-99.CODE ETH.
Item 3. Audit Committee Financial Expert.
The Board of Trustees has determined that Colleen D. Baldwin, Martin J. Gavin, and Joseph E. Obermeyer are audit committee financial experts, as defined in Item 3 of Form N-CSR. Ms. Baldwin, Mr. Gavin, and Mr. Obermeyer are “independent” for purposes of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
Below are the amount of fees that Ernst & Young LLP (“EY”), the Funds’ current Independent Registered Public Accounting Firm, billed to the Funds during the Funds’ fiscal year ended December 31, 2020 and the amount of fees that KPMG LLP (“KPMG”), the Funds’ prior Independent Registered Public Accounting Firm, billed to the Funds during the Funds’ fiscal year ended December 31, 2019.
(a) | Audit Fees(1): The aggregate fees billed for each of the last two fiscal years for professional services rendered by EY and KPMG, the principal accountant for the audit of each respective registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $38,100 for the year ended December 31, 2020 and $46,130 for the year ended December 31, 2019. |
(b) | Audit-Related Fees: The aggregate fees billed in each of the last two fiscal years for assurance and related services by EY and KPMG that are reasonably related to the performance of each respective audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the year ended December 31, 2020 and $0 for the year ended December 31, 2019. |
(c) | Tax Fees(2): The aggregate fees billed in each of the last two fiscal years for professional services rendered by EY and KPMG for tax compliance, tax advice, and tax planning were $3,900 for the year ended December 31, 2020 and $10,750 for the year ended December 31, 2019. Such services included review of excise distribution calculations (if applicable), preparation of the Funds’ federal, state, and excise tax returns, tax services related to mergers and routine consulting. |
(d) | All Other Fees(3): The aggregate fees billed in each of the last two fiscal years for products and services provided by EY and KPMG, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the year ended December 31, 2020 and $835 for the year ended December 31, 2019. |
(1) For the year ended December 31, 2020, KPMG billed $0 for Audit Fees.
(2) For the year ended December 31, 2020, KPMG billed $1,536 for Tax Fees.
(3) For the year ended December 31, 2020, KPMG billed $0 for All Other Fees.
(e)(1) | Audit Committee Pre-Approval Policies and Procedures |
Appendix A
AUDIT AND NON-AUDIT SERVICES
PRE-APPROVAL POLICY
I. Statement of Principles
Under the Sarbanes-Oxley Act of 2002 (the “Act”), the Audit Committee of the Board of Directors or Trustees (the “Committee”) of the Voya funds (each a “Fund,” collectively, the “Funds”) set out on Exhibit A to this Audit and Non-Audit Services Pre-Approval Policy (“Policy”) is responsible for the oversight of the work of the Funds’ independent auditors. As part of its responsibilities, the Committee must pre-approve the audit and non-audit services performed by the auditors in order to assure that the provision of these services does not impair the auditors’ independence from the Funds. The Committee has adopted, and the Board has ratified, this Policy, which sets out the procedures and conditions under which the services of the independent auditors may be pre-approved.
Under Securities and Exchange Commission (“SEC”) rules promulgated in accordance with the Act, the Funds may establish two different approaches to pre-approving audit and non-audit services. The Committee may approve services without consideration of specific case-by-case services (“general pre-approval”) or it may pre-approve specific services (“specific pre-approval”). The Committee believes that the combination of these approaches contemplated in this Policy results in an effective and efficient method for pre-approving audit and non-audit services to be performed by the Funds’ independent auditors. Under this Policy, services that are not of a type that may receive general pre-approval require specific pre-approval by the Committee. Any proposed services that exceed pre-approved cost levels or budgeted amounts will also require the Committee’s specific pre-approval.
For both types of approval, the Committee considers whether the subject services are consistent with the SEC’s rules on auditor independence and that such services are compatible with maintaining the auditors independence. The Committee also considers whether a particular audit firm is in the best position to provide effective and efficient services to the Funds. Reasons that the auditors are in the best position include the auditors’ familiarity with the Funds’ business, personnel, culture, accounting systems, risk profile, and other factors, and whether the services will enhance the Funds’ ability to manage and control risk or improve audit quality. Such factors will be considered as a whole, with no one factor being determinative.
The appendices attached to this Policy describe the audit, audit-related, tax-related, and other services that have the Committee’s general pre-approval. For any service that has been approved through general pre-approval, the general pre-approval will remain in place for a period 12 months from the date of pre-approval, unless the Committee determines that a different period is appropriate. The Committee will annually review and pre-approve the services that may be provided by the independent auditors without specific pre-approval. The Committee will revise the list of services subject to general pre-approval as appropriate. This Policy does not serve as a delegation to Fund management of the Committee’s duty to pre-approve services performed by the Funds’ independent auditors.
II. Audit Services
The annual audit services engagement terms and fees are subject to the Committee’s specific pre-approval. Audit services are those services that are normally provided by auditors in connection with statutory and regulatory filings or engagements or those that generally only independent auditors can reasonably provide. They include the Funds’ annual financial statement audit and procedures that the independent auditors must perform in order to form an opinion on the Funds’ financial statements (e.g., information systems and procedural reviews and testing). The Committee will monitor the audit services engagement and approve any changes in terms, conditions or fees deemed by the Committee to be necessary or appropriate.
The Committee may grant general pre-approval to other audit services, such as statutory audits and services associated with SEC registration statements, periodic reports and other documents filed with the SEC or issued in connection with securities offerings.
The Committee has pre-approved the audit services listed on Appendix A. The Committee must specifically approve all audit services not listed on Appendix A.
III. Audit-related Services
Audit-related services are assurance and related services that are reasonably related to the performance of the audit or the review of the Funds’ financial statements or are traditionally performed by the independent auditors. The Committee believes that the provision of audit-related services will not impair the independent auditors’ independence, and therefore may grant pre-approval to audit-related services. Audit-related services include accounting consultations related to accounting, financial reporting or disclosure matters not classified as “audit services;” assistance with understanding and implementing new accounting and financial reporting guidance from rulemaking authorities; agreed-upon or expanded audit procedures relating to accounting and/or billing records required to respond to or comply with financial, accounting or regulatory reporting matters; and assistance with internal control reporting requirements under Form N-SAR or Form N-CSR.
The Committee has pre-approved the audit-related services listed on Appendix B. The Committee must specifically approve all audit-related services not listed on Appendix B.
IV. Tax Services
The Committee believes the independent auditors can provide tax services to the Funds, including tax compliance, tax planning, and tax advice, without compromising the auditors’ independence. Therefore, the Committee may grant general pre-approval with respect to tax services historically provided by the Funds’ independent auditors that do not, in the Committee’s view, impair auditor independence and that are consistent with the SEC’s rules on auditor independence.
The Committee will not grant pre-approval if the independent auditors initially recommends a transaction the sole business purpose of which is tax avoidance and the tax treatment of which may not be supported in the Internal Revenue Code and related regulations. The Committee may consult outside counsel to determine that tax planning and reporting positions are consistent with this Policy.
The Committee has pre-approved the tax-related services listed on Appendix C. The Committee must specifically approve all tax-related services not listed on Appendix C.
V. Other Services
The Committee believes it may grant approval of non-audit services that are permissible services for independent auditors to a Fund. The Committee has determined to grant general pre-approval to other services that it believes are routine and recurring, do not impair auditor independence, and are consistent with SEC rules on auditor independence.
The Committee has pre-approved the non-audit services listed on Appendix D. The Committee must specifically approve all non-audit services not listed on Appendix D.
A list of the SEC’s prohibited non-audit services is attached to this Policy as Appendix E. The SEC’s rules and relevant guidance should be consulted to determine the precise definitions of these impermissible services and the applicability of exceptions to certain of the SEC’s prohibitions.
VI. Pre-approval of Fee levels and Budgeted Amounts
The Committee will annually establish pre-approval fee levels or budgeted amounts for audit, audit-related, tax and non-audit services to be provided to the Funds by the independent auditors. Any proposed services exceeding these levels or amounts require the Committee’s specific pre-approval. The Committee considers fees for audit and non-audit services when deciding whether to pre-approve services. The Committee may determine, for a pre-approval period of 12 months, the appropriate ratio between the total amount of fees for the Fund’s audit, audit-related, and tax services (including fees for services provided to Fund affiliates that are subject to pre-approval), and the total amount of fees for certain permissible non-audit services for the Fund classified as other services (including any such services provided to Fund affiliates that are subject to pre-approval).
VII. Procedures
Requests or applications for services to be provided by the independent auditors will be submitted to management. If management determines that the services do not fall within those services generally pre-approved by the Committee and set out in the appendices to these procedures, management will submit the services to the Committee or its delagee. Any such submission will include a detailed description of the services to be rendered. Notwithstanding this paragraph, the Committee will, on a quarterly basis, receive from the independent auditors a list of services provided for the previous calendar quarter on a cumulative basis by the auditors during the Pre-Approval Period.
VIII. Delegation
The Committee may delegate pre-approval authority to one or more of the Committee’s members. Any member or members to whom such pre-approval authority is delegated must report any pre-approval decisions, including any pre-approved services, to the Committee at its next scheduled meeting. The Committee will identify any member to whom pre-approval authority is delegated in writing. The member will retain such authority for a period of 12 months from the date of pre-approval unless the Committee determines that a different period is appropriate. The period of delegated authority may be terminated by the Committee or at the option of the member.
IX. Additional Requirements
The Committee will take any measures the Committee deems necessary or appropriate to oversee the work of the independent auditors and to assure the auditors’ independence from the Funds. This may include reviewing a formal written statement from the independent auditors delineating all relationships between the auditors and the Funds, consistent with Independence Standards Board No. 1, and discussing with the auditors their methods and procedures for ensuring independence.
Last Approved: November 21, 2019
Appendix A
Pre-Approved Audit Services for the Pre-Approval Period January 1, 2020 through December 31, 2020
Service | ||
The Fund(s) | Fee Range | |
Statutory audits or financial audits (including tax services associated with audit services) | √ | As presented to Audit Committee1 |
Services associated with SEC registration statements, periodic reports and other documents filed with the SEC or other documents issued in connection with securities offerings (e.g., consents), and assistance in responding to SEC comment letters. | √ | Not to exceed $9,750 per filing |
Consultations by Fund management with respect to accounting or disclosure treatment of transactions or events and/or the actual or potential effect of final or proposed rules, standards or interpretations by the SEC, Financial Accounting Standards Board, or other regulatory or standard setting bodies. | √ | Not to exceed $8,000 during the Pre-Approval Period |
Seed capital audit and related review and issuance of consent on the N-2 registration statement | √ | Not to exceed $14,750 per audit |
Audit of summary portfolio of investments | √ | Not to exceed $750 per fund |
1 | For new Funds launched during the Pre-Approval Period, the fee ranges pre-approved will be the same as those for existing Funds, pro-rated in accordance with inception dates as provided in the auditors’ Proposal or any Engagement Letter covering the period at issue. Fees in the Engagement Letter will be controlling. |
Appendix B
Pre-Approved Audit-Related Services for the Pre-Approval Period January 1, 2020 through December 31, 2020
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Services related to Fund mergers (Excludes tax services - See Appendix C for tax services associated with Fund mergers) | √ | √ | Not to exceed $10,000 per merger |
Consultations by Fund management with respect to accounting or disclosure treatment of transactions or events and/or the actual or potential effect of final or proposed rules, standards or interpretations by the SEC, Financial Accounting Standards Board, or other regulatory or standard setting bodies. [Note: Under SEC rules some consultations may be “audit” services and others may be “audit-related” services.] | √ | Not to exceed $5,000 per occurrence during the Pre-Approval Period | |
Review of the Funds’ semi-annual and quarterly financial statements | √ | Not to exceed $2,700 per set of financial statements per fund | |
Reports to regulatory or government agencies related to the annual engagement | √ | Up to $5,000 per occurrence during the Pre-Approval Period | |
Regulatory compliance assistance | √ | √ | Not to exceed $5,000 per quarter |
Training courses | √ | Not to exceed $5,000 per course | |
For Prime Rate Trust, agreed upon procedures for quarterly reports to rating agencies | √ | Not to exceed $9,450 per quarter |
Appendix C
Pre-Approved Tax Services for the Pre-Approval Period January 1, 2020 through December 31, 2020
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Preparation of federal and state income tax returns and federal excise tax returns for the Funds including assistance and review with excise tax distributions | √ | As presented to Audit Committee2 | |
Review of IRC Sections 851(b) and 817(h) diversification testing on a real-time basis | √ | As presented to Audit Committee2 | |
Tax assistance and advice regarding statutory, regulatory or administrative developments | √ | √ | Not to exceed $5,000 for the Funds or for the Funds’ investment adviser during the Pre-Approval Period |
2 | For new Funds launched during the Pre-Approval Period, the fee ranges pre-approved will be the same as those for existing Funds, pro-rated in accordance with inception dates as provided in the auditors’ Proposal or any Engagement Letter covering the period at issue. Fees in the Engagement Letter will be controlling. |
Appendix C, continued
Pre-Approved Tax Services for the Pre-Approval Period January 1, 2020 through December 31, 2020
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Tax and technology training sessions | √ | Not to exceed $5,000 per course during the Pre-Approval Period | |
Tax services associated with Fund mergers | √ | √ | Not to exceed $4,000 per fund per merger during the Pre-Approval Period |
Other tax-related assistance and consultation, including, without limitation, assistance in evaluating derivative financial instruments and international tax issues, qualification and distribution issues, year-end reporting for 1099’s, tax compliance services in foreign jurisdictions and similar routine tax consultations as requested. | √ | Not to exceed $300,000 during the Pre-Approval Period |
Appendix D
Pre-Approved Other Services for the Pre-Approval Period January 1, 2020 through December 31, 2020
Service | |||
The Fund(s) | Fund Affiliates | Fee Range | |
Agreed-upon procedures for Class B share 12b-1 programs | √ | Not to exceed $60,000 during the Pre-Approval Period | |
Security counts performed pursuant to Rule 17f-2 of the 1940 Act (i.e., counts for Funds holding securities with affiliated sub-custodians)
Cost to be borne 50% by the Funds and 50% by Voya Investments, LLC.
| √
| √
| Not to exceed $5,700 per Fund during the Pre-Approval Period |
Agreed upon procedures for 15 (c) FACT Books | √ | Not to exceed $50,000 during the Pre-Approval Period |
Appendix E
Prohibited Non-Audit Services
Dated: January 1, 2020 to December 31, 2020
· | Bookkeeping or other services related to the accounting records or financial statements of the Funds |
· | Financial information systems design and implementation |
· | Appraisal or valuation services, fairness opinions, or contribution-in-kind reports |
· | Actuarial services |
· | Internal audit outsourcing services |
· | Management functions |
· | Human resources |
· | Broker-dealer, investment adviser, or investment banking services |
· | Legal services |
· | Expert services unrelated to the audit |
· | Any other service that the Public Company Accounting Oversight Board determines, by regulation, is impermissible |
EXHIBIT A
VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND
VOYA BALANCED PORTFOLIO, INC.
VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND
VOYA EQUITY TRUST
VOYA FUNDS TRUST
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND
VOYA GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNITY FUND
VOYA INFRASTRUCTURE, INDUSTRIALS, AND MATERIALS FUND
VOYA INTERMEDIATE BOND PORTFOLIO
VOYA INTERNATIONAL HIGH DIVIDEND EQUITY INCOME FUND
VOYA INVESTORS TRUST
VOYA GOVERNMENT MONEY MARKET PORTFOLIO
VOYA MUTUAL FUNDS
VOYA PARTNERS, INC.
VOYA NATURAL RESOURCES EQUITY INCOME FUND
VOYA SENIOR INCOME FUND
VOYA SEPARATE PORTFOLIOS TRUST
VOYA STRATEGIC ALLOCATIONS PORTFOLIOS, INC.
VOYA VARIABLE FUNDS
VOYA VARIABLE INSURANCE TRUST
VOYA VARIABLE PORTFOLIOS INC,
VOYA VARIABLE PRODUCTS TRUST
(e)(2) | Percentage of services referred to in 4(b) – (4)(d) that were approved by the audit committee |
100% of the services were approved by the audit committee.
(f) | Percentage of hours expended attributable to work performed by other than full time employees of EY if greater than 50% |
Not applicable.
(g) | Non-Audit Fees: The following table presents (i) the aggregate non-audit fees (i.e., fees for audit-related, tax, and other services) billed to each Registrant by the independent registered public accounting firm for each Registrant’s fiscal years ended December 31, 2020 and December 31, 2019; and (ii) the aggregate non-audit fees billed to the investment adviser, or any of its affiliates that provide ongoing services to the registrant, by the independent registered public accounting firm for the same time periods. |
Registrant/Investment Adviser | 2020(1) | 2019 | ||||||
Voya Variable Products Trust | $ | 3,900 | $ | 11,585 | ||||
Voya Investments, LLC (2) | $ | 14,804,511 | $ | 107,750 |
(1) For the year ended December 31, 2020, KPMG billed the Registrant $1,536 for Non-Audit Fees.
(2) Each Registrant’s investment adviser and any of its affiliates, which are subsidiaries of Voya Financial, Inc.
(h) | Principal Accountants Independence: The Registrant’s Audit committee has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X is compatible with maintaining EY’s independence. |
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Complete schedule of investments filed herein.
Report of Independent Registered Public Accounting Firm
To the Shareholders of Voya MidCap Opportunities Portfolio and Voya SmallCap Opportunities Portfolio and the Board of Trustees of Voya Variable Products Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of Voya MidCap Opportunities Portfolio and Voya SmallCap Opportunities Portfolio (the “Portfolios”) (two of the portfolios constituting Voya Variable Products Trust (the “Trust”)), including the summary portfolios of investments, as of December 31, 2020, and the related statements of operations and changes in net assets and the financial highlights for the year then ended and the related notes (collectively referred to as the “financial statements”) (the financial statements are included in Item 1 of this Form N-CSR) and the portfolios of investments as of December 31, 2020 (included in Item 6 of this Form N-CSR). In our opinion, the financial statements and portfolios of investments present fairly, in all material respects, the financial position of the Portfolios (two of the portfolios constituting Voya Variable Products Trust) at December 31, 2020, the results of their operations, the changes in their net assets and their financial highlights for the year then ended, in conformity with U.S. generally accepted accounting principles.
The statement of changes in net assets for the year ended December 31, 2019, and the financial highlights for each of the periods in the four-year period then ended, were audited by another independent registered public accounting firm whose report, dated February 13, 2020, expressed an unqualified opinion on that statement of changes in net assets and those financial highlights.
Basis for Opinion
These financial statements and portfolio of investments are the responsibility of the Trust’s management. Our responsibility is to express an opinion on the Portfolios’ financial statements and portfolio of investments based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and portfolio of investments are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and portfolio of investments, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and portfolio of investments. Our procedures included confirmation of securities owned as of December 31, 2020, by correspondence with the custodian and others or by other appropriate auditing procedures where replies from others were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and portfolios of investments. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more Voya investment companies since 2019.
Boston, Massachusetts
February 18, 2021
Voya MidCap Opportunities Portfolio | PORTFOLIO OF INVESTMENTS AS OF December 31, 2020 |
Shares | Value | Percentage of Net Assets | ||
COMMON STOCK: 100.3% | ||||
Communication Services: 6.6% | ||||
436,352 | (1) | Altice USA, Inc. | $ 16,524,650 | 0.7 |
125,672 | (2) | Nexstar Media Group, Inc. | 13,722,126 | 0.6 |
522,157 | (1) | Snap, Inc. | 26,144,401 | 1.2 |
197,657 | (1) | Spotify Technology SA | 62,194,751 | 2.7 |
156,867 | (1) | Take-Two Interactive Software, Inc. | 32,595,394 | 1.4 |
151,181,322 | 6.6 | |||
Consumer Discretionary: 11.2% | ||||
110,866 | (1),(2) | Burlington Stores, Inc. | 28,997,002 | 1.3 |
237,486 | Darden Restaurants, Inc. | 28,289,332 | 1.2 | |
52,463 | Domino's Pizza, Inc. | 20,117,462 | 0.9 | |
181,749 | (2) | Expedia Group, Inc. | 24,063,568 | 1.0 |
268,178 | (1) | Five Below, Inc. | 46,925,787 | 2.0 |
43,738 | (1) | Lululemon Athletica, Inc. | 15,222,136 | 0.7 |
105,497 | (1) | O'Reilly Automotive, Inc. | 47,744,777 | 2.1 |
84,756 | (1) | Peloton Interactive, Inc. | 12,859,180 | 0.6 |
264,953 | Ross Stores, Inc. | 32,538,878 | 1.4 | |
256,758,122 | 11.2 | |||
Consumer Staples: 3.4% | ||||
337,460 | Church & Dwight Co., Inc. | 29,436,636 | 1.3 | |
219,356 | Constellation Brands, Inc. | 48,049,932 | 2.1 | |
77,486,568 | 3.4 | |||
Financials: 3.8% | ||||
132,328 | LPL Financial Holdings, Inc. | 13,791,224 | 0.6 | |
109,490 | MSCI, Inc. - Class A | 48,890,570 | 2.1 | |
259,909 | Progressive Corp. | 25,699,802 | 1.1 | |
88,381,596 | 3.8 | |||
Health Care: 22.5% | ||||
237,977 | Agilent Technologies, Inc. | 28,197,895 | 1.2 | |
100,292 | (1) | Align Technology, Inc. | 53,594,039 | 2.3 |
124,437 | (1) | Amedisys, Inc. | 36,501,105 | 1.6 |
281,824 | (1) | BioMarin Pharmaceutical, Inc. | 24,713,146 | 1.1 |
132,920 | (1) | Charles River Laboratories International, Inc. | 33,211,391 | 1.4 |
66,084 | (1) | DexCom, Inc. | 24,432,576 | 1.1 |
397,861 | (1) | Exact Sciences Corp. | 52,712,604 | 2.3 |
613,125 | (1) | Horizon Therapeutics Plc | 44,850,094 | 2.0 |
167,078 | (1),(2) | Nevro Corp. | 28,921,202 | 1.3 |
169,831 | (1),(2) | Novocure Ltd. | 29,387,556 | 1.3 |
264,232 | (1),(2) | PRA Health Sciences, Inc. | 33,145,262 | 1.4 |
102,549 | (1) | Seagen, Inc. | 17,960,432 | 0.8 |
318,910 | (1) | Tandem Diabetes Care, Inc. | 30,513,309 | 1.3 |
105,438 | Teleflex, Inc. | 43,395,118 | 1.9 | |
130,411 | (1),(2) | Veeva Systems, Inc. | 35,504,395 | 1.5 |
517,040,124 | 22.5 | |||
Industrials: 12.0% | ||||
360,309 | Ametek, Inc. | 43,575,771 | 1.9 | |
58,192 | (1) | CoStar Group, Inc. | 53,785,702 | 2.3 |
174,708 | Hubbell, Inc. | 27,392,467 | 1.2 | |
111,521 | IDEX Corp. | 22,214,983 | 1.0 | |
884,326 | Quanta Services, Inc. | 63,689,159 | 2.8 | |
68,001 | Roper Technologies, Inc. | 29,314,551 | 1.3 | |
349,220 | Waste Connections, Inc. | 35,819,495 | 1.5 | |
275,792,128 | 12.0 | |||
Information Technology: 36.8% | ||||
472,712 | (1) | Anaplan, Inc. | 33,964,357 | 1.5 |
105,560 | (1) | Autodesk, Inc. | 32,231,690 | 1.4 |
120,977 | (1),(2) | Bill.com Holdings, Inc. | 16,513,361 | 0.7 |
331,114 | Booz Allen Hamilton Holding Corp. | 28,866,519 | 1.3 | |
279,822 | (1) | Cadence Design Systems, Inc. | 38,176,116 | 1.7 |
291,823 | CDW Corp. | 38,459,353 | 1.7 | |
297,073 | (1),(2) | DocuSign, Inc. | 66,039,328 | 2.9 |
539,557 | (1) | Dynatrace, Inc. | 23,346,631 | 1.0 |
394,651 | Entegris, Inc. | 37,925,961 | 1.6 | |
186,220 | (1),(2) | Everbridge, Inc. | 27,759,815 | 1.2 |
82,869 | (1) | Fair Isaac Corp. | 42,349,374 | 1.8 |
291,220 | (1),(2) | Five9, Inc. | 50,788,768 | 2.2 |
66,661 | (1) | FleetCor Technologies, Inc. | 18,187,121 | 0.8 |
185,222 | (1) | Inphi Corp. | 29,722,574 | 1.3 |
87,608 | Lam Research Corp. | 41,374,630 | 1.8 | |
95,778 | Monolithic Power Systems, Inc. | 35,076,777 | 1.5 | |
184,966 | (1),(2) | Paylocity Holding Corp. | 38,086,349 | 1.7 |
203,176 | (1),(2) | RingCentral, Inc. | 76,997,609 | 3.3 |
207,160 | (1),(2) | Twilio, Inc. | 70,123,660 | 3.1 |
127,524 | (1) | Zebra Technologies Corp. | 49,011,299 | 2.1 |
346,768 | (1),(2) | Zendesk, Inc. | 49,629,436 | 2.2 |
844,630,728 | 36.8 | |||
Materials: 2.8% | ||||
133,673 | Avery Dennison Corp. | 20,734,019 | 0.9 | |
268,769 | (1) | Berry Global Group, Inc. | 15,102,130 | 0.7 |
278,620 | (1) | Crown Holdings, Inc. | 27,917,724 | 1.2 |
63,753,873 | 2.8 | |||
Real Estate: 1.2% | ||||
429,979 | Equity Lifestyle Properties, Inc. | 27,243,469 | 1.2 | |
Total Common Stock | ||||
(Cost $1,641,317,437) | 2,302,267,930 | 100.3 |
See Accompanying Notes to Financial Statements
1 |
Voya MidCap Opportunities Portfolio | PORTFOLIO OF INVESTMENTS AS OF December 31, 2020 (Continued) |
Principal Amount† | Value | Percentage of Net Assets | ||
SHORT-TERM INVESTMENTS: 7.6% | ||||
Repurchase Agreements: 6.4% | ||||
8,056,583 | (3) | Amherst Pierpoint Securities LLC, Repurchase Agreement dated 12/31/20, 0.10%, due 01/04/21 (Repurchase Amount $8,056,671, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-4.628%, Market Value plus accrued interest $8,217,715, due 02/03/21-11/20/70) | 8,056,583 | 0.3 |
5,064,140 | (3) | Bethesda Securities LLC, Repurchase Agreement dated 12/31/20, 0.10%, due 01/04/21 (Repurchase Amount $5,064,195, collateralized by various U.S. Government Agency Obligations, 2.500%-5.500%, Market Value plus accrued interest $5,165,423, due 07/01/24-10/01/50) | 5,064,140 | 0.2 |
6,840,807 | (3) | BNP Paribas S.A., Repurchase Agreement dated 12/31/20, 0.24%, due 01/04/21 (Repurchase Amount $6,840,987, collateralized by various U.S. Government Securities, 0.750%-8.750%, Market Value plus accrued interest $7,182,847, due 03/01/21-11/20/40) | 6,840,807 | 0.3 |
23,908,508 | (3) | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $23,908,691, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $24,386,678, due 01/25/21-10/15/62) | 23,908,508 | 1.0 |
8,182,792 | (3) | CF Secured LLC, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $8,182,855, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-4.750%, Market Value plus accrued interest $8,346,448, due 01/14/21-01/20/69) | 8,182,792 | 0.4 |
14,974,795 | (3) | Citadel Securities LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $14,975,008, collateralized by various U.S. Government Securities, 0.000%-7.875%, Market Value plus accrued interest $15,274,524, due 01/31/21-05/15/49) | 14,974,795 | 0.7 |
20,648,748 | (3) | Daiwa Capital Markets, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $20,648,906, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.500%, Market Value plus accrued interest $21,061,723, due 01/26/21-01/01/51) | 20,648,748 | 0.9 |
3,301,076 | (3) | Industrial & Comm. Bank of China, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $3,301,101, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $3,367,098, due 01/04/21-12/01/50) | 3,301,076 | 0.1 |
1,603,249 | (3) | Jefferies LLC, Repurchase Agreement dated 12/31/20, 0.06%, due 01/04/21 (Repurchase Amount $1,603,260, collateralized by various U.S. Government Securities, 0.000%-2.250%, Market Value plus accrued interest $1,635,314, due 03/02/21-08/15/29) | 1,603,249 | 0.1 |
See Accompanying Notes to Financial Statements
2 |
Voya MidCap Opportunities Portfolio | PORTFOLIO OF INVESTMENTS AS OF December 31, 2020 (Continued) |
9,348,200 | (3) | JVB Financial Group LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $9,348,333, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.125%-7.000%, Market Value plus accrued interest $9,535,164, due 07/01/22-12/01/50) | 9,348,200 | 0.4 |
10,681,393 | (3) | Mirae Asset Securities USA Inc., Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $10,681,545, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-8.125%, Market Value plus accrued interest $10,895,179, due 02/18/21-01/15/62) | 10,681,393 | 0.5 |
8,396,638 | (3) | Palafox Trading LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $8,396,758, collateralized by various U.S. Government Securities, 0.250%-1.125%, Market Value plus accrued interest $8,567,672, due 02/28/25-05/31/25) | 8,396,638 | 0.4 |
2,621,920 | (3) | Royal Bank of Canada, Repurchase Agreement dated 12/31/20, 0.21%, due 01/04/21 (Repurchase Amount $2,621,980, collateralized by various U.S. Government Securities, 0.379%-10.200%, Market Value plus accrued interest $2,736,853, due 05/13/21-11/01/40) | 2,621,920 | 0.1 |
23,729,906 | (3) | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/20, 0.16%, due 01/04/21 (Repurchase Amount $23,730,322, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $24,264,833, due 07/15/22-02/15/47) | 23,729,906 | 1.0 |
Total Repurchase Agreements | |||
(Cost $147,358,755) | 147,358,755 | 6.4 | |
Shares | Value | Percentage of Net Assets | ||
Mutual Funds(3): 1.2% | ||||
20,593,087 | (3),(4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.000% | 20,593,087 | 0.9 |
4,510,000 | (3),(4) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 0.020% | 4,510,000 | 0.2 |
2,640,000 | (3),(4) | Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Institutional Share Class), 0.030% | 2,640,000 | 0.1 |
Total Mutual Funds | |||
(Cost $27,743,087) | 27,743,087 | 1.2 | |
Total Short-Term Investments | |||
(Cost $175,101,842) | 175,101,842 | 7.6 | |
Total Investments in Securities (Cost $1,816,419,279) | $ 2,477,369,772 | 107.9 |
Liabilities in Excess of Other Assets | (182,070,072) | (7.9) | ||
Net Assets | $ 2,295,299,700 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Non-income producing security. |
(2) | Security, or a portion of the security, is on loan. |
(3) | All or a portion of the security represents securities purchased with cash collateral received for securities on loan. |
(4) | Rate shown is the 7-day yield as of December 31, 2020. |
See Accompanying Notes to Financial Statements
3 |
Voya SmallCap Opportunities Portfolio | PORTFOLIO OF INVESTMENTS AS OF December 31, 2020 |
Shares | Value | Percentage of Net Assets | ||
COMMON STOCK: 99.1% | ||||
Communication Services: 1.2% | ||||
65,318 | (1) | QuinStreet, Inc. | $ 1,400,418 | 0.4 |
182,867 | (1) | Vonage Holdings Corp. | 2,354,413 | 0.8 |
3,754,831 | 1.2 | |||
Consumer Discretionary: 16.9% | ||||
55,997 | (1) | Caesars Entertainment, Inc. | 4,158,897 | 1.3 |
11,397 | (1) | Deckers Outdoor Corp. | 3,268,432 | 1.0 |
57,590 | (1),(2) | Fisker, Inc. | 843,693 | 0.3 |
37,658 | (1),(2) | GrowGeneration Corp. | 1,514,605 | 0.5 |
14,654 | (1) | Helen of Troy Ltd. | 3,255,972 | 1.0 |
59,385 | Kohl's Corp. | 2,416,376 | 0.8 | |
39,787 | Kontoor Brands, Inc. | 1,613,761 | 0.5 | |
22,263 | LCI Industries | 2,887,066 | 0.9 | |
93,897 | (1),(2) | Leslie's, Inc. | 2,605,642 | 0.8 |
8,092 | Lithia Motors, Inc. | 2,368,286 | 0.8 | |
23,904 | Marriott Vacations Worldwide Corp. | 3,280,107 | 1.0 | |
23,814 | Murphy USA, Inc. | 3,116,538 | 1.0 | |
45,793 | (1) | National Vision Holdings, Inc. | 2,073,965 | 0.7 |
28,169 | (1) | Ollie's Bargain Outlet Holdings, Inc. | 2,303,379 | 0.7 |
74,170 | (1) | RealReal, Inc./The | 1,449,282 | 0.5 |
8,092 | (1) | RH | 3,621,332 | 1.2 |
64,105 | Steven Madden Ltd. | 2,264,188 | 0.7 | |
57,462 | (1) | Stoneridge, Inc. | 1,737,076 | 0.6 |
28,942 | Strategic Education, Inc. | 2,759,041 | 0.9 | |
36,295 | Texas Roadhouse, Inc. | 2,836,817 | 0.9 | |
41,193 | Winnebago Industries | 2,469,108 | 0.8 | |
52,843,563 | 16.9 | |||
Consumer Staples: 1.3% | ||||
38,838 | (1) | Performance Food Group Co. | 1,849,077 | 0.6 |
146,908 | Primo Water Corp. | 2,303,518 | 0.7 | |
4,152,595 | 1.3 | |||
Energy: 0.5% | ||||
21,666 | (1) | Renewable Energy Group, Inc. | 1,534,386 | 0.5 |
Financials: 6.0% | ||||
51,067 | (2) | Cowen, Inc. | 1,327,231 | 0.4 |
22,302 | (1) | Palomar Holdings, Inc. | 1,981,310 | 0.6 |
19,473 | Primerica, Inc. | 2,608,019 | 0.8 | |
45,566 | PROG Holdings, Inc. | 2,454,640 | 0.8 | |
34,457 | Prosperity Bancshares, Inc. | 2,389,938 | 0.8 | |
94,162 | (1) | Selectquote, Inc. | 1,953,861 | 0.6 |
20,365 | Signature Bank | 2,755,181 | 0.9 | |
82,127 | (1) | StepStone Group, Inc. | 3,268,655 | 1.1 |
18,738,835 | 6.0 | |||
Health Care: 30.5% | ||||
56,178 | (1),(2) | 1Life Healthcare, Inc. | 2,452,170 | 0.8 |
24,341 | (1) | Addus HomeCare Corp. | 2,850,088 | 0.9 |
98,117 | (1),(2) | Aerie Pharmaceuticals, Inc. | 1,325,561 | 0.4 |
49,463 | (1),(2) | Akouos, Inc. | 980,851 | 0.3 |
97,688 | (1) | Amicus Therapeutics, Inc. | 2,255,616 | 0.7 |
45,473 | (1) | Applied Therapeutics, Inc. | 1,000,861 | 0.3 |
181,988 | (1) | Ardelyx, Inc. | 1,177,462 | 0.4 |
13,998 | (1) | Arena Pharmaceuticals, Inc. | 1,075,466 | 0.3 |
40,457 | (1) | Arrowhead Pharmaceuticals, Inc. | 3,104,266 | 1.0 |
59,363 | (1) | AxoGen, Inc. | 1,062,598 | 0.3 |
24,877 | (1),(2) | Axonics Modulation Technologies, Inc. | 1,241,860 | 0.4 |
29,412 | (1) | Biohaven Pharmaceutical Holding Co. Ltd. | 2,520,902 | 0.8 |
24,132 | (1) | Blueprint Medicines Corp. | 2,706,404 | 0.9 |
49,095 | Cantel Medical Corp. | 3,871,632 | 1.2 | |
45,136 | (1),(2) | CryoPort, Inc. | 1,980,568 | 0.6 |
69,553 | (1) | Cymabay Therapeutics, Inc. | 399,234 | 0.1 |
60,596 | (1) | Dicerna Pharmaceuticals, Inc. | 1,334,930 | 0.4 |
37,901 | Encompass Health Corp. | 3,134,034 | 1.0 | |
111,770 | (1) | Epizyme, Inc. | 1,213,822 | 0.4 |
27,533 | (1) | Fate Therapeutics, Inc. | 2,503,576 | 0.8 |
44,426 | (1) | FibroGen, Inc. | 1,647,760 | 0.5 |
70,555 | (1),(2) | G1 Therapeutics, Inc. | 1,269,284 | 0.4 |
138,107 | (1) | GenMark Diagnostics, Inc. | 2,016,362 | 0.7 |
38,542 | (1) | Globus Medical, Inc. | 2,513,709 | 0.8 |
45,748 | (1) | Gossamer Bio, Inc. | 442,383 | 0.1 |
26,528 | (1) | Haemonetics Corp. | 3,150,200 | 1.0 |
49,058 | (1) | Halozyme Therapeutics, Inc. | 2,095,267 | 0.7 |
41,853 | (1) | HealthEquity, Inc. | 2,917,573 | 0.9 |
70,245 | (1),(2) | Heron Therapeutics, Inc. | 1,486,735 | 0.5 |
24,873 | Hill-Rom Holdings, Inc. | 2,436,808 | 0.8 | |
65,380 | (1) | HMS Holdings Corp. | 2,402,715 | 0.8 |
57,385 | (1) | Homology Medicines, Inc. | 647,877 | 0.2 |
163,506 | (1) | Immunogen, Inc. | 1,054,614 | 0.3 |
45,126 | (1),(2) | Insmed, Inc. | 1,502,244 | 0.5 |
36,582 | (1) | Integer Holdings Corp. | 2,970,093 | 1.0 |
32,086 | (1) | Krystal Biotech, Inc. | 1,925,160 | 0.6 |
38,063 | (1) | Magellan Health, Inc. | 3,153,139 | 1.0 |
13,597 | (1) | Mirati Therapeutics, Inc. | 2,986,445 | 1.0 |
81,228 | (1) | NextCure, Inc. | 885,385 | 0.3 |
18,451 | (1) | Omnicell, Inc. | 2,214,489 | 0.7 |
15,635 | (1),(2) | Ontrak, Inc. | 966,087 | 0.3 |
147,197 | (1) | OraSure Technologies, Inc. | 1,558,080 | 0.5 |
28,361 | (1) | ORIC Pharmaceuticals, Inc. | 960,020 | 0.3 |
39,380 | (1),(2) | Poseida Therapeutics, Inc. | 431,999 | 0.1 |
30,151 | (1) | PTC Therapeutics, Inc. | 1,840,115 | 0.6 |
45,201 | (1) | RAPT Therapeutics, Inc. | 892,720 | 0.3 |
4,903 | (1) | Reata Pharmaceuticals, Inc. | 606,109 | 0.2 |
40,173 | (1),(2) | Rocket Pharmaceuticals, Inc. | 2,203,087 | 0.7 |
20,237 | (1),(2) | Stoke Therapeutics, Inc. | 1,253,277 | 0.4 |
53,181 | (1) | Syndax Pharmaceuticals, Inc. | 1,182,745 | 0.4 |
36,084 | (1) | Syneos Health, Inc. | 2,458,403 | 0.8 |
45,737 | (1) | TG Therapeutics, Inc. | 2,379,239 | 0.8 |
See Accompanying Notes to Financial Statements
4 |
Voya SmallCap Opportunities Portfolio | PORTFOLIO OF INVESTMENTS AS OF December 31, 2020 (Continued) |
55,267 | (1),(2) | UroGen Pharma Ltd. | 995,911 | 0.3 |
95,637,935 | 30.5 | |||
Industrials: 13.9% | ||||
32,997 | (1) | ASGN, Inc. | 2,756,239 | 0.9 |
120,089 | (1) | Builders FirstSource, Inc. | 4,900,832 | 1.6 |
49,674 | (1) | Casella Waste Systems, Inc. | 3,077,304 | 1.0 |
37,735 | Crane Co. | 2,930,500 | 0.9 | |
35,876 | EMCOR Group, Inc. | 3,281,219 | 1.0 | |
190,918 | (1),(2) | FuelCell Energy, Inc. | 2,132,554 | 0.7 |
40,829 | (1) | Huron Consulting Group, Inc. | 2,406,870 | 0.8 |
30,951 | John Bean Technologies Corp. | 3,524,390 | 1.1 | |
95,879 | Marten Transport Ltd. | 1,651,995 | 0.5 | |
12,933 | Regal Beloit Corp. | 1,588,302 | 0.5 | |
24,735 | Simpson Manufacturing Co., Inc. | 2,311,486 | 0.7 | |
10,810 | (1) | SiteOne Landscape Supply, Inc. | 1,714,790 | 0.6 |
34,007 | Skywest, Inc. | 1,370,822 | 0.4 | |
170,015 | Steelcase, Inc. | 2,303,703 | 0.7 | |
32,201 | UFP Industries, Inc. | 1,788,766 | 0.6 | |
93,162 | Werner Enterprises, Inc. | 3,653,814 | 1.2 | |
18,285 | Woodward, Inc. | 2,222,176 | 0.7 | |
43,615,762 | 13.9 | |||
Information Technology: 25.0% | ||||
89,596 | (1) | ACI Worldwide, Inc. | 3,443,174 | 1.1 |
39,926 | (1) | Advanced Energy Industries, Inc. | 3,871,624 | 1.2 |
9,292 | (1) | CACI International, Inc. | 2,316,774 | 0.8 |
61,829 | (1) | Calix, Inc. | 1,840,031 | 0.6 |
20,042 | (1) | Concentrix Corp. | 1,978,145 | 0.6 |
77,612 | CSG Systems International, Inc. | 3,497,973 | 1.1 | |
53,794 | (1) | Envestnet, Inc. | 4,426,708 | 1.4 |
58,598 | EVERTEC, Inc. | 2,304,073 | 0.7 | |
203,604 | (1) | Grid Dynamics Holdings, Inc. | 2,565,410 | 0.8 |
30,305 | (1) | Itron, Inc. | 2,906,250 | 0.9 |
47,478 | (1) | j2 Global, Inc. | 4,638,126 | 1.5 |
55,013 | (1) | Lattice Semiconductor Corp. | 2,520,696 | 0.8 |
20,950 | (1) | LivePerson, Inc. | 1,303,719 | 0.4 |
34,391 | (1) | LiveRamp Holdings, Inc. | 2,517,077 | 0.8 |
23,096 | (1) | Lumentum Holdings, Inc. | 2,189,501 | 0.7 |
47,116 | (1) | Mimecast Ltd. | 2,678,073 | 0.9 |
73,838 | (1) | Onto Innovation, Inc. | 3,510,997 | 1.1 |
22,057 | (1) | Proofpoint, Inc. | 3,008,795 | 1.0 |
31,269 | (1) | Q2 Holdings, Inc. | 3,956,467 | 1.3 |
16,569 | (1) | Qualys, Inc. | 2,019,264 | 0.7 |
34,409 | (1) | RealPage, Inc. | 3,001,841 | 1.0 |
84,032 | (1) | Repay Holdings Corp. | 2,289,872 | 0.7 |
22,688 | (1) | SailPoint Technologies Holding, Inc. | 1,207,909 | 0.4 |
32,308 | (1) | Silicon Laboratories, Inc. | 4,114,101 | 1.3 |
18,780 | (1) | Sprout Social, Inc. | 852,800 | 0.3 |
40,415 | (1),(2) | SunPower Corp. | 1,036,241 | 0.3 |
59,185 | (1) | Super Micro Computer, Inc. | 1,873,797 | 0.6 |
210,243 | (1) | Verra Mobility Corp. | 2,821,461 | 0.9 |
237,815 | (1) | Viavi Solutions, Inc. | 3,561,280 | 1.1 |
78,252,179 | 25.0 | |||
Materials: 2.6% | ||||
67,742 | Avient Corp. | 2,728,648 | 0.8 | |
30,256 | Compass Minerals International, Inc. | 1,867,400 | 0.6 | |
14,530 | Minerals Technologies, Inc. | 902,603 | 0.3 | |
37,788 | Sensient Technologies Corp. | 2,787,621 | 0.9 | |
8,286,272 | 2.6 | |||
Real Estate: 1.2% | ||||
101,568 | Acadia Realty Trust | 1,441,250 | 0.5 | |
35,541 | (2) | QTS Realty Trust, Inc. | 2,199,277 | 0.7 |
3,640,527 | 1.2 | |||
Total Common Stock | ||||
(Cost $257,655,769) | 310,456,885 | 99.1 | ||
EXCHANGE-TRADED FUNDS: 0.5% | ||||
5,539 | iShares Russell 2000 Growth ETF | 1,588,031 | 0.5 | |
Total Exchange-Traded Funds | ||||
(Cost $1,601,325) | 1,588,031 | 0.5 | ||
Total Long-Term Investments | ||||
(Cost $259,257,094) | 312,044,916 | 99.6 | ||
Principal Amount† | Value | Percentage of Net Assets | ||
SHORT-TERM INVESTMENTS: 8.4% | ||||
Repurchase Agreements: 5.6% | ||||
3,032,445 | (3) | Cantor Fitzgerald Securities, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $3,032,468, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $3,093,094, due 01/25/21-10/15/62) | 3,032,445 | 1.0 |
1,085,173 | (3) | CF Secured LLC, Repurchase Agreement dated 12/31/20, 0.07%, due 01/04/21 (Repurchase Amount $1,085,181, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-4.750%, Market Value plus accrued interest $1,106,877, due 01/14/21-01/20/69) | 1,085,173 | 0.3 |
See Accompanying Notes to Financial Statements
5 |
Voya SmallCap Opportunities Portfolio | PORTFOLIO OF INVESTMENTS AS OF December 31, 2020 (Continued) |
2,586,969 | (3) | Citadel Securities LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $2,587,006, collateralized by various U.S. Government Securities, 0.000%-7.875%, Market Value plus accrued interest $2,638,749, due 01/31/21-05/15/49) | 2,586,969 | 0.8 |
1,319,248 | (3) | JVB Financial Group LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $1,319,267, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.125%-7.000%, Market Value plus accrued interest $1,345,633, due 07/01/22-12/01/50) | 1,319,248 | 0.4 |
1,354,779 | (3) | Mirae Asset Securities USA Inc., Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $1,354,798, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-8.125%, Market Value plus accrued interest $1,381,895, due 02/18/21-01/15/62) | 1,354,779 | 0.4 |
1,450,562 | (3) | Palafox Trading LLC, Repurchase Agreement dated 12/31/20, 0.13%, due 01/04/21 (Repurchase Amount $1,450,583, collateralized by various U.S. Government Securities, 0.250%-1.125%, Market Value plus accrued interest $1,480,109, due 02/28/25-05/31/25) | 1,450,562 | 0.5 |
3,651,127 | (3) | RBC Dominion Securities Inc., Repurchase Agreement dated 12/31/20, 0.08%, due 01/04/21 (Repurchase Amount $3,651,159, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.000%, Market Value plus accrued interest $3,724,150, due 01/05/21-12/20/50) | 3,651,127 | 1.2 |
3,009,791 | (3) | State of Wisconsin Investment Board, Repurchase Agreement dated 12/31/20, 0.16%, due 01/04/21 (Repurchase Amount $3,009,844, collateralized by various U.S. Government Securities, 0.125%-3.875%, Market Value plus accrued interest $3,077,639, due 07/15/22-02/15/47) | 3,009,791 | 1.0 |
Total Repurchase Agreements | |||
(Cost $17,490,094) | 17,490,094 | 5.6 | |
Shares | Value | Percentage of Net Assets | ||
Mutual Funds(3): 2.8% | ||||
8,729,017 | (3),(4) | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.000% | ||
(Cost $8,729,017) | 8,729,017 | 2.8 | ||
Total Short-Term Investments | |||
(Cost $26,219,111) | 26,219,111 | 8.4 | |
Total Investments in Securities (Cost $285,476,205) | $ 338,264,027 | 108.0 |
Liabilities in Excess of Other Assets | (24,916,671) | (8.0) | ||
Net Assets | $ 313,347,356 | 100.0 |
† | Unless otherwise indicated, principal amount is shown in USD. |
(1) | Non-income producing security. |
(2) | Security, or a portion of the security, is on loan. |
(3) | All or a portion of the security represents securities purchased with cash collateral received for securities on loan. |
(4) | Rate shown is the 7-day yield as of December 31, 2020. |
See Accompanying Notes to Financial Statements
6 |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) | Based on our evaluation conducted within 90 days of the filing date, hereof, the design and operation of the registrant’s disclosure controls and procedures are effective to ensure that material information relating to the registrant is made known to the certifying officers by others within the appropriate entities, particularly during the period in which Forms N-CSR are being prepared, and the registrant’s disclosure controls and procedures allow timely preparation and review of the information for the registrant’s Form N-CSR and the officer certifications of such Form N-CSR. |
(b) | There were no significant changes in the registrant’s internal controls that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | The Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a)(3) | Not applicable. |
(b) | The officer certifications required by Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as EX-99.906CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): Voya Variable Products Trust | ||
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer | ||
Date: | March 10, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | /s/ Michael Bell | |
Michael Bell | ||
Chief Executive Officer | ||
Date: | March 10, 2021 | |
By | /s/ Todd Modic | |
Todd Modic | ||
Senior Vice President and Chief Financial Officer | ||
Date: | March 10, 2021 |