PORTFOLIO
OF
INVESTMENTS
AS
OF
September
30,
2023
(Unaudited)
1
Voya
MidCap
Opportunities
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
COMMON
STOCK
:
97
.7
%
Communication
Services
:
3
.7
%
547,665
(1)
Pinterest,
Inc.
- Class
A
$
14,803,385
1
.5
290,242
(1)
Trade
Desk,
Inc.
- Class
A
22,682,412
2
.2
37,485,797
3
.7
Consumer
Discretionary
:
11
.2
%
14,206
(1)
Chipotle
Mexican
Grill,
Inc.
26,022,977
2
.6
298,312
Las
Vegas
Sands
Corp.
13,674,622
1
.4
56,734
(1)
Lululemon
Athletica,
Inc.
21,877,198
2
.2
286,192
Ross
Stores,
Inc.
32,325,387
3
.2
89,884
Tractor
Supply
Co.
18,250,946
1
.8
112,151,130
11
.2
Consumer
Staples
:
5
.4
%
56,306
(1)
Celsius
Holdings,
Inc.
9,662,110
1
.0
157,783
Church
&
Dwight
Co.,
Inc.
14,457,656
1
.5
65,008
Constellation
Brands,
Inc.
- Class
A
16,338,461
1
.6
399,214
(1)
Hostess
Brands,
Inc.
13,297,818
1
.3
53,756,045
5
.4
Energy
:
4
.0
%
64,800
Cheniere
Energy,
Inc.
10,754,208
1
.1
164,853
Halliburton
Co.
6,676,547
0
.6
149,421
Hess
Corp.
22,861,413
2
.3
40,292,168
4
.0
Financials
:
9
.8
%
314,485
Apollo
Global
Management,
Inc.
28,228,174
2
.8
72,535
Arthur
J
Gallagher
&
Co.
16,532,903
1
.7
122,048
LPL
Financial
Holdings,
Inc.
29,004,707
2
.9
304,225
Tradeweb
Markets,
Inc.
- Class
A
24,398,845
2
.4
98,164,629
9
.8
Health
Care
:
19
.4
%
32,654
(1)
Alnylam
Pharmaceuticals,
Inc.
5,783,023
0
.6
137,623
AmerisourceBergen
Corp.
24,768,011
2
.5
537,478
(1)
Amylyx
Pharmaceuticals,
Inc.
9,841,222
1
.0
92,062
(1)
Charles
River
Laboratories
International,
Inc.
18,042,311
1
.8
110,027
CONMED
Corp.
11,096,223
1
.1
214,614
(1)
Dexcom,
Inc.
20,023,486
2
.0
207,009
(1)
Inari
Medical,
Inc.
13,538,389
1
.3
73,526
(1)
Inspire
Medical
Systems,
Inc.
14,590,499
1
.4
15,426
(1)
Mettler-Toledo
International,
Inc.
17,093,088
1
.7
287,266
(1)
Progyny,
Inc.
9,772,789
1
.0
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Health
Care:
(continued)
66,382
(1)
Sarepta
Therapeutics,
Inc.
$
8,046,826
0
.8
240,536
(1)
Tenet
Healthcare
Corp.
15,848,917
1
.6
49,657
(1)
United
Therapeutics
Corp.
11,216,027
1
.1
122,794
Universal
Health
Services,
Inc.
- Class
B
15,438,890
1
.5
195,099,701
19
.4
Industrials
:
18
.5
%
150,353
AMETEK,
Inc.
22,216,159
2
.2
119,737
Booz
Allen
Hamilton
Holding
Corp.
13,083,662
1
.3
388,615
(1)
Copart,
Inc.
16,745,420
1
.7
282,268
Howmet
Aerospace,
Inc.
13,054,895
1
.3
136,820
Ingersoll
Rand,
Inc.
8,718,170
0
.9
88,228
Quanta
Services,
Inc.
16,504,812
1
.6
489,822
Rollins,
Inc.
18,285,055
1
.8
51,547
(1)
Saia,
Inc.
20,549,212
2
.0
28,056
(1)
TransDigm
Group,
Inc.
23,654,855
2
.4
97,298
Verisk
Analytics,
Inc.
22,985,680
2
.3
251,394
(1)
WillScot
Mobile
Mini
Holdings
Corp.
10,455,477
1
.0
186,253,397
18
.5
Information
Technology
:
21
.4
%
35,516
(1)
Atlassian
Corp.
- Class
A
7,156,829
0
.7
260,854
Bentley
Systems,
Inc.
- Class
B
13,084,437
1
.3
53,834
(1)
Cadence
Design
Systems,
Inc.
12,613,306
1
.3
164,535
(1)
Crowdstrike
Holdings,
Inc.
- Class
A
27,539,868
2
.7
183,077
(1)
Datadog,
Inc.
- Class
A
16,676,484
1
.7
133,253
Entegris,
Inc.
12,513,789
1
.3
32,538
(1)
HubSpot,
Inc.
16,024,965
1
.6
141,996
(1)(2)
Klaviyo,
Inc.
- Class
A
4,898,862
0
.5
137,149
(1)
Lattice
Semiconductor
Corp.
11,785,214
1
.2
61,915
(1)
MongoDB,
Inc.
21,413,922
2
.1
32,449
Monolithic
Power
Systems,
Inc.
14,991,438
1
.5
29,738
Motorola
Solutions,
Inc.
8,095,873
0
.8
63,500
Paycom
Software,
Inc.
16,463,645
1
.6
32,054
Roper
Technologies,
Inc.
15,523,111
1
.5
74,599
(1)
Workday,
Inc.
- Class
A
16,027,595
1
.6
214,809,338
21
.4
Materials
:
2
.5
%
108,124
Ashland,
Inc.
8,831,568
0
.9
91,603
Avery
Dennison
Corp.
16,733,120
1
.6
25,564,688
2
.5
PORTFOLIO
OF
INVESTMENTS
AS
OF
September
30,
2023
(Unaudited)
(continued)
2
Voya
MidCap
Opportunities
Portfolio
Shares
Value
Percentage
of
Net
Assets
COMMON
STOCK:
(continued)
Real
Estate
:
1
.8
%
216,672
Welltower,
Inc.
$
17,749,770
1
.8
Total
Common
Stock
(Cost
$906,535,575)
981,326,663
97
.7
Principal
Amount
†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS
:
1
.7
%
Repurchase
Agreements
:
0
.3
%
1,000,000
(3)
Citigroup
Global
Markets
Inc.,
Repurchase
Agreement
dated
09/29/2023,
5.300%,
due
10/02/2023
(Repurchase
Amount
$1,000,436,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.087%,
Market
Value
plus
accrued
interest
$1,020,000,
due
08/05/25-05/20/72)
1,000,000
0
.1
166,701
(3)
Daiwa
Capital
Markets,
Repurchase
Agreement
dated
09/29/2023,
5.320%,
due
10/02/2023
(Repurchase
Amount
$166,774,
collateralized
by
various
U.S.
Government/U.S.
Government
Agency
Obligations,
0.000%-
7.000%,
Market
Value
plus
accrued
interest
$170,045,
due
01/31/24-10/01/53)
166,701
0.0
1,000,000
(3)
Industrial
&
Comm.
Bank
of
China,
Repurchase
Agreement
dated
09/29/2023,
5.330%,
due
10/02/2023
(Repurchase
Amount
$1,000,438,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
7.500%,
Market
Value
plus
accrued
interest
$1,020,000,
due
10/31/23-02/15/53)
1,000,000
0
.1
Principal
Amount†
RA
Value
Percentage
of
Net
Assets
SHORT-TERM
INVESTMENTS:
(continued)
Repurchase
Agreements
(continued)
1,000,000
(3)
National
Bank
Financial,
Repurchase
Agreement
dated
09/29/2023,
5.340%,
due
10/02/2023
(Repurchase
Amount
$1,000,439,
collateralized
by
various
U.S.
Government
Securities,
0.000%-
4.750%,
Market
Value
plus
accrued
interest
$1,020,000,
due
10/02/23)
$
1,000,000
0
.1
Total
Repurchase
Agreements
(Cost
$3,166,701)
3,166,701
0
.3
Shares
RA
Value
Percentage
of
Net
Assets
Mutual
Funds
:
1
.4
%
13,628,000
(4)
Morgan
Stanley
Institutional
Liquidity
Funds
-
Government
Portfolio
(Institutional
Share
Class),
5.270%
(Cost
$13,628,000)
$
13,628,000
1
.4
Total
Short-Term
Investments
(Cost
$16,794,701)
16,794,701
1
.7
Total
Investments
in
Securities
(Cost
$923,330,276)
$
998,121,364
99
.4
Assets
in
Excess
of
Other
Liabilities
6,067,837
0.6
Net
Assets
$
1,004,189,201
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
September
30,
2023.
PORTFOLIO
OF
INVESTMENTS
AS
OF
September
30,
2023
(Unaudited)
(continued)
3
Voya
MidCap
Opportunities
Portfolio
Fair
Value
Measurements
The
following
is
a
summary
of
the
fair
valuations
according
to
the
inputs
used
as
of
September
30,
2023
in
valuing
the
assets
and
liabilities:
Quoted
Prices
in
Active
Markets
for
Identical
Investments
(Level
1)
Significant
Other
Observable
Inputs
(Level
2)
Significant
Unobservable
Inputs
(Level
3)
Fair
Value
at
September
30,
2023
Asset
Table
Investments,
at
fair
value
Common
Stock*
$
981,326,663
$
—
$
—
$
981,326,663
Short-Term
Investments
13,628,000
3,166,701
—
16,794,701
Total
Investments,
at
fair
value
$
994,954,663
$
3,166,701
$
—
$
998,121,364
*
For
further
breakdown
of
Common
Stock
by
sector,
please
refer
to
the
Portfolio
of
Investments.
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
130,505,515
Gross
Unrealized
Depreciation
(
55,714,427
)
Net
Unrealized
Appreciation
$
74,791,088