PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
1
Voya
Strategic
Allocation
Conservative
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
EXCHANGE-TRADED
FUNDS
:
4.9%
33,405
Schwab
U.S.
TIPS
ETF
$
1,686,619
3.0
18,675
Vanguard
Long-Term
Treasury
ETF
1,036,649
1.9
Total
Exchange-Traded
Funds
(Cost
$3,025,575)
2,723,268
4.9
MUTUAL
FUNDS
:
95.1%
Affiliated
Investment
Companies
:
95.1%
317,315
Voya
Global
Bond
Fund
- Class
R6
2,195,821
4.0
431,420
Voya
High
Yield
Bond
Fund
- Class
R6
2,851,689
5.2
2,102,262
Voya
Intermediate
Bond
Fund
- Class
R6
17,448,777
31.5
315,017
Voya
Large
Cap
Value
Portfolio
- Class
R6
1,669,590
3.0
40,000
Voya
Large-Cap
Growth
Fund
- Class
R6
1,633,203
2.9
671,207
Voya
Limited
Maturity
Bond
Portfolio
- Class
I
6,255,653
11.3
181,039
(1)
Voya
MidCap
Opportunities
Portfolio
- Class
R6
825,536
1.5
122,943
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
- Class
I
1,097,878
2.0
133,300
Voya
Multi-Manager
International
Equity
Fund
- Class
I
1,215,694
2.2
144,726
Voya
Multi-Manager
International
Factors
Fund
- Class
I
1,243,193
2.2
94,454
Voya
Multi-Manager
Mid
Cap
Value
Fund
- Class
I
817,968
1.5
83,803
Voya
Small
Company
Fund
- Class
R6
1,115,412
2.0
170,601
Voya
U.S.
High
Dividend
Low
Volatility
Fund
- Class
R6
1,673,596
3.0
492,650
Voya
U.S.
Stock
Index
Portfolio
- Class
I
7,966,151
14.4
336,669
VY
®
BrandywineGLOBAL
-
Bond
Portfolio
- Class
I
2,972,784
5.4
Shares
Value
Percentage
of
Net
Assets
MUTUAL
FUNDS:
(continued)
Affiliated
Investment
Companies:
(continued)
21,975
VY
®
T.
Rowe
Price
Growth
Equity
Portfolio
- Class
I
$
1,660,835
3.0
52,643,780
95.1
Total
Mutual
Funds
(Cost
$56,153,787)
52,643,780
95.1
Total
Long-Term
Investments
(Cost
$59,179,362)
55,367,048
100.0
Total
Investments
in
Securities
(Cost
$59,179,362)
$
55,367,048
100.0
Assets
in
Excess
of
Other
Liabilities
2,268
0.0
Net
Assets
$
55,369,316
100.0
(1)
Non-income
producing
security.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
2
Voya
Strategic
Allocation
Conservative
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
Exchange-Traded
Funds
$
2,723,268
$
—
$
—
$
2,723,268
Mutual
Funds
52,643,780
—
—
52,643,780
Total
Investments,
at
fair
value
$
55,367,048
$
—
$
—
$
55,367,048
Transactions
with
Affiliates
An
investment
of
at
least
5%
of
the
voting
securities
of
an
issuer,
or
a
company
which
is
under
common
control
with
the
issuer,
results
in
that
issuer
becoming
an
affiliated
person
as
defined
by
the
1940
Act.
The
following
table
provides
transactions
during
the
period
ended
September
30,
2023,
where
the
following
issuers
were
considered
an
affiliate:
Issuer
Beginning
Fair
Value
at
12/31/2022
Purchases
at
Cost
Sales
at
Cost
Change
In
Unrealized
Appreciation/
(Depreciation)
Ending
Fair
Value
at
9/30/2023
Investment
Income
Realized
Gains/
(Losses)
Net
Capital
Gain
Distributions
Voya
Global
Bond
Fund
-
Class
R6
$
2,312,617
$
288,475
$
(388,888)
$
(16,383)
$
2,195,821
$
70,719
$
(93,378)
$
—
Voya
High
Yield
Bond
Fund
-
Class
R6
2,810,948
301,265
(301,963)
41,439
2,851,689
136,471
(24,303)
—
Voya
Intermediate
Bond
Fund
-
Class
R6
17,281,587
2,905,338
(2,606,528)
(131,619)
17,448,777
524,051
(402,147)
—
Voya
Large
Cap
Value
Portfolio
-
Class
R6
1,732,394
139,749
(621,363)
418,810
1,669,590
—
(387,462)
20,637
Voya
Large-Cap
Growth
Fund
-
Class
R6
1,619,861
164,453
(585,844)
434,733
1,633,203
—
(84,233)
—
Voya
Limited
Maturity
Bond
Portfolio
-
Class
I
5,856,846
1,910,207
(1,498,583)
(12,817)
6,255,653
167,503
(57,452)
—
Voya
MidCap
Opportunities
Portfolio
-
Class
R6
552,171
360,441
(224,391)
137,315
825,536
—
(59,781)
—
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
-
Class
I
1,185,091
672,731
(873,557)
113,613
1,097,878
—
(59,725)
—
Voya
Multi-Manager
International
Equity
Fund
-
Class
I
307,690
1,076,554
(124,849)
(43,701)
1,215,694
—
4,333
—
Voya
Multi-Manager
International
Factors
Fund
-
Class
I
957,946
493,357
(255,780)
47,670
1,243,193
—
(4,106)
—
Voya
Multi-Manager
Mid
Cap
Value
Fund
-
Class
I
570,240
365,672
(117,474)
(470)
817,968
—
1,099
—
Voya
Small
Company
Fund
-
Class
R6
1,113,588
188,021
(243,292)
57,095
1,115,412
—
(3,816)
—
Voya
U.S.
High
Dividend
Low
Volatility
Fund
-
Class
R6
2,891,124
184,081
(1,514,863)
113,254
1,673,596
30,836
(197,636)
—
Voya
U.S.
Stock
Index
Portfolio
-
Class
I
7,813,436
2,974,660
(2,908,390)
86,445
7,966,151
6,296
109,434
775,859
VY
®
BrandywineGLOBAL
-
Bond
Portfolio
-
Class
I
2,263,432
1,241,498
(390,096)
(142,051)
2,972,784
70,552
(56,914)
—
VY
®
T.
Rowe
Price
Growth
Equity
Portfolio
-
Class
I
1,580,345
224,382
(1,003,918)
860,026
1,660,835
—
(403,597)
27,214
$
50,849,316
$
13,490,884
$
(13,659,779)
$
1,963,359
$
52,643,780
$
1,006,428
$
(1,719,684)
$
823,710
The
financial
statements
for
the
above
mutual
fund[s]
can
be
found
at
www.sec.gov.
PORTFOLIO
OF
INVESTMENTS
as
of
September
30,
2023
(Unaudited)
(continued)
3
Voya
Strategic
Allocation
Conservative
Portfolio
Net
unrealized
depreciation
consisted
of:
Gross
Unrealized
Appreciation
$
1,085,050
Gross
Unrealized
Depreciation
(4,897,364)
Net
Unrealized
Depreciation
$
(3,812,314)