Ing Strategic Allocation Portfolios NPORT-P Voya Strategic Allocation Moderate Portfolio (Sep 2023 report)

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(unaudited)

1

Voya

Strategic

Allocation

Moderate

Portfolio

Shares

RA

Value

Percentage

of

Net

Assets

EXCHANGE-TRADED

FUNDS

:

0

.9

%

19,155 

Vanguard

Long-Term

Treasury

ETF

$

1,063,294

0

.9

Total

Exchange-Traded

Funds

(Cost

$1,202,244)

1,063,294

0

.9

MUTUAL

FUNDS

:

99

.0

%

Affiliated

Investment

Companies

:

99

.0

%

3,627,452 

Voya

Intermediate

Bond

Fund

- Class

R6

30,107,851

26

.1

1,530,450 

Voya

Large

Cap

Value

Portfolio

- Class

R6

8,111,384

7

.0

69,542 

Voya

Large-Cap

Growth

Fund

- Class

R6

2,839,415

2

.5

634,203 

Voya

Limited

Maturity

Bond

Portfolio

- Class

I

5,910,770

5

.1

755,222 

(1)

Voya

MidCap

Opportunities

Portfolio

- Class

R6

3,443,810

3

.0

383,281 

Voya

Multi-Manager

Emerging

Markets

Equity

Fund

- Class

I

3,422,699

3

.0

339,857 

Voya

Multi-Manager

International

Equity

Fund

- Class

I

3,099,493

2

.7

368,596 

Voya

Multi-Manager

International

Factors

Fund

- Class

I

3,166,244

2

.8

393,987 

Voya

Multi-Manager

Mid

Cap

Value

Fund

- Class

I

3,411,923

3

.0

386,662 

Voya

Short

Term

Bond

Fund

- Class

R6

3,549,559

3

.1

32,736 

(1)

Voya

Small

Cap

Growth

Fund

- Class

R6

1,160,491

1

.0

173,617 

Voya

Small

Company

Fund

- Class

R6

2,310,841

2

.0

2,088,526 

Voya

U.S.

Stock

Index

Portfolio

- Class

I

33,771,465

29

.3

512,203 

VY

®

BrandywineGLOBAL

-

Bond

Portfolio

- Class

I

4,522,750

3

.9

Shares

Value

Percentage

of

Net

Assets

MUTUAL

FUNDS:

(continued)

Affiliated

Investment

Companies:

(continued)

68,753 

VY

®

T.

Rowe

Price

Growth

Equity

Portfolio

- Class

I

$

5,196,352

4

.5

114,025,047

99

.0

Total

Mutual

Funds

(Cost

$119,696,352)

114,025,047

99

.0

Total

Long-Term

Investments

(Cost

$120,898,596)

115,088,341

99

.9

Total

Investments

in

Securities

(Cost

$120,898,596)

$

115,088,341

99

.9

Assets

in

Excess

of

Other

Liabilities

122,326

0.1

Net

Assets

$

115,210,667

100.0

(1)

Non-income

producing

security.

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(unaudited)

(continued)

2

Voya

Strategic

Allocation

Moderate

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

$

1,063,294

$

—

$

—

$

1,063,294

Mutual

Funds

114,025,047

—

—

114,025,047

Total

Investments,

at

fair

value

$

115,088,341

$

—

$

—

$

115,088,341

Other

Financial

Instruments+

Futures

53,440

—

—

53,440

Total

Assets

$

115,141,781

$

—

$

—

$

115,141,781

Liabilities

Table

Other

Financial

Instruments+

Futures

$

(

80,315

)

$

—

$

—

$

(

80,315

)

Total

Liabilities

$

(

80,315

)

$

—

$

—

$

(

80,315

)

+

Other

Financial

Instruments

may

include

open

forward

foreign

currency

contracts,

futures,

centrally

cleared

swaps,

OTC

swaps

and

written

options.

Forward

foreign

currency

contracts,

futures

and

centrally

cleared

swaps

are

fair

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

OTC

swaps

and

written

options

are

valued

at

the

fair

value

of

the

instrument.

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

Intermediate

Bond

Fund

-

Class

R6

$

27,440,957

$

6,091,444

$

(

2,954,813

)

$

(

469,737

)

$

30,107,851

$

869,678

$

(

479,165

)

$

—

Voya

Large

Cap

Value

Portfolio

-

Class

R6

7,894,696

700,747

(

1,629,635

)

1,145,576

8,111,384

—

(

1,014,588

)

98,567

Voya

Large-Cap

Growth

Fund

-

Class

R6

2,668,114

239,697

(

768,880

)

700,484

2,839,415

—

(

122,316

)

—

Voya

Limited

Maturity

Bond

Portfolio

-

Class

I

7,245,701

903,079

(

2,265,092

)

27,082

5,910,770

165,143

(

81,554

)

—

Voya

MidCap

Opportunities

Portfolio

-

Class

R6

2,727,527

870,161

(

818,173

)

664,295

3,443,810

—

(

324,622

)

—

Voya

Multi-Manager

Emerging

Markets

Equity

Fund

-

Class

I

2,343,446

1,353,078

(

387,465

)

113,640

3,422,699

—

(

46,415

)

—

Voya

Multi-Manager

International

Equity

Fund

-

Class

I

1,876,988

1,638,067

(

414,127

)

(

1,435

)

3,099,493

—

(

9,673

)

—

Voya

Multi-Manager

International

Factors

Fund

-

Class

I

3,072,571

458,120

(

602,324

)

237,877

3,166,244

—

(

59,089

)

—

Voya

Multi-Manager

Mid

Cap

Value

Fund

-

Class

I

2,817,739

907,685

(

337,513

)

24,012

3,411,923

—

(

42,849

)

—

Voya

Short

Term

Bond

Fund

-

Class

R6

—

3,749,141

(

155,765

)

(

43,817

)

3,549,559

64,765

(

1,062

)

—

Voya

Small

Cap

Growth

Fund

-

Class

R6

1,067,001

174,133

(

167,373

)

86,730

1,160,491

—

1,692

—

Voya

Small

Company

Fund

-

Class

R6

2,212,980

315,263

(

322,964

)

105,562

2,310,841

—

(

3,555

)

—

Voya

U.S.

Stock

Index

Portfolio

-

Class

I

37,469,293

5,011,597

(

9,295,758

)

586,333

33,771,465

26,222

724,433

3,231,599

PORTFOLIO

OF

INVESTMENTS

as

of

September

30,

2023

(unaudited)

(continued)

3

Voya

Strategic

Allocation

Moderate

Portfolio

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

VY

®

BrandywineGLOBAL

-

Bond

Portfolio

-

Class

I

$

4,474,564

$

734,007

$

(

526,585

)

$

(

159,236

)

$

4,522,750

$

105,025

$

(

75,072

)

$

—

VY

®

T.

Rowe

Price

Growth

Equity

Portfolio

-

Class

I

4,807,239

491,046

(

2,572,112

)

2,470,179

5,196,352

—

(

1,113,446

)

83,908

$

108,118,816

$

23,637,265

$

(

23,218,579

)

$

5,487,545

$

114,025,047

$

1,230,833

$

(

2,647,281

)

$

3,414,074

The

financial

statements

for

the

above

mutual

fund[s]

can

be

found

at

www.sec.gov.

At

September

30,

2023,

the

following

futures

contracts

were

outstanding

for

Voya

Strategic

Allocation

Moderate

Portfolio:

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Unrealized

Appreciation/

(Depreciation)

Long

Contracts:

U.S.

Treasury

Ultra

Long

Bond

9

12/19/23

$

1,068,187

$

(

80,315

)

$

1,068,187

$

(

80,315

)

Short

Contracts:

S&P

500

E-Mini

(5)

12/15/23

(

1,081,375

)

53,440

$

(

1,081,375

)

$

53,440

Net

unrealized

depreciation

consisted

of:

Gross

Unrealized

Appreciation

$

3,496,854

Gross

Unrealized

Depreciation

(

9,307,110

)

Net

Unrealized

Depreciation

$

(

5,810,256

)