PORTFOLIO
OF
INVESTMENTS
as
of
March
31,
2024
(Unaudited)
1
Voya
Strategic
Allocation
Conservative
Portfolio
Shares
RA
Value
Percentage
of
Net
Assets
EXCHANGE-TRADED
FUNDS
:
4
.9
%
33,158
Schwab
U.S.
TIPS
ETF
$
1,729,522
2
.9
19,530
Vanguard
Long-Term
Treasury
ETF
1,156,957
2
.0
Total
Exchange-Traded
Funds
(Cost
$3,059,634)
2,886,479
4
.9
MUTUAL
FUNDS
:
95
.2
%
Affiliated
Investment
Companies
:
95
.2
%
321,501
Voya
Global
Bond
Fund
- Class
R6
2,334,097
4
.0
426,527
Voya
High
Yield
Bond
Fund
- Class
R6
2,934,504
5
.0
2,059,864
Voya
Intermediate
Bond
Fund
- Class
R6
17,879,617
30
.3
478,538
Voya
Large
Cap
Value
Portfolio
- Class
R6
3,029,145
5
.1
33,150
Voya
Large-Cap
Growth
Fund
- Class
R6
1,774,199
3
.0
678,530
Voya
Limited
Maturity
Bond
Portfolio
- Class
I
6,398,536
10
.9
156,784
(1)
Voya
MidCap
Opportunities
Portfolio
- Class
R6
877,989
1
.5
129,287
Voya
Multi-Manager
International
Equity
Fund
- Class
I
1,340,711
2
.3
140,342
Voya
Multi-Manager
International
Factors
Fund
- Class
I
1,343,074
2
.3
88,126
Voya
Multi-Manager
Mid
Cap
Value
Fund
- Class
I
915,629
1
.6
78,917
Voya
Small
Company
Fund
- Class
R6
1,201,121
2
.0
592,954
Voya
U.S.
Stock
Index
Portfolio
- Class
I
11,657,479
19
.8
340,574
VY
®
BrandywineGLOBAL
-
Bond
Portfolio
- Class
I
3,208,207
5
.4
12,431
VY
®
T.
Rowe
Price
Growth
Equity
Portfolio
- Class
I
1,188,920
2
.0
Total
Mutual
Funds
(Cost
$53,588,879)
56,083,228
95
.2
Total
Long-Term
Investments
(Cost
$56,648,513)
58,969,707
100
.1
Total
Investments
in
Securities
(Cost
$56,648,513)
$
58,969,707
100
.1
Liabilities
in
Excess
of
Other
Assets
(
32,990
)
(0.1)
Net
Assets
$
58,936,717
100.0
(1)
Non-income
producing
security.
PORTFOLIO
OF
INVESTMENTS
as
of
March
31,
2024
(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
March
31,
2024
in
valuing
the
assets
and
liabilities:
Quoted
Prices
in
Active
Markets
for
Identical
Investments
(Level
1)
Significant
Other
Observable
Inputs
(Level
2)
Significant
Unobservable
Inputs
(Level
3)
Fair
Value
at
March
31,
2024
Asset
Table
Investments,
at
fair
value
Exchange-Traded
Funds
$
2,886,479
$
—
$
—
$
2,886,479
Mutual
Funds
56,083,228
—
—
56,083,228
Total
Investments,
at
fair
value
$
58,969,707
$
—
$
—
$
58,969,707
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
March
31,
2024,
where
the
following
issuers
were
considered
an
affiliate:
Issuer
Beginning
Fair
Value
at
12/31/2023
Purchases
at
Cost
Sales
at
Cost
Change
In
Unrealized
Appreciation/
(Depreciation)
Ending
Fair
Value
at
3/31/2024
Investment
Income
Realized
Gains/
(Losses)
Net
Capital
Gain
Distributions
Voya
Global
Bond
Fund
-
Class
R6
$
2,251,808
$
191,863
$
(
67,464
)
$
(
42,110
)
$
2,334,097
$
24,977
$
(
15,931
)
$
—
Voya
High
Yield
Bond
Fund
-
Class
R6
2,863,790
156,527
(
78,313
)
(
7,500
)
2,934,504
49,663
(
4,654
)
—
Voya
Intermediate
Bond
Fund
-
Class
R6
17,463,528
1,419,711
(
891,090
)
(
112,532
)
17,879,617
202,405
(
113,660
)
—
Voya
Large
Cap
Value
Portfolio
-
Class
R6
1,740,938
1,189,346
(
294,739
)
393,600
3,029,145
—
(
173,829
)
—
Voya
Large-Cap
Growth
Fund
-
Class
R6
1,759,789
53,243
(
259,836
)
221,003
1,774,199
—
25,746
—
Voya
Limited
Maturity
Bond
Portfolio
-
Class
I
6,076,810
496,904
(
145,602
)
(
29,576
)
6,398,536
77,086
(
3,885
)
—
Voya
MidCap
Opportunities
Portfolio
-
Class
R6
866,693
26,621
(
85,327
)
70,002
877,989
—
14,412
—
Voya
Multi-Manager
Emerging
Markets
Equity
Fund
-
Class
I
1,144,632
48,331
(
1,085,925
)
(
107,038
)
—
—
119,080
—
Voya
Multi-Manager
International
Equity
Fund
-
Class
I
1,272,540
54,131
(
39,692
)
53,732
1,340,711
—
316
—
Voya
Multi-Manager
International
Factors
Fund
-
Class
I
1,292,984
38,616
(
53,401
)
64,875
1,343,074
—
768
—
Voya
Multi-Manager
Mid
Cap
Value
Fund
-
Class
I
852,709
26,621
(
40,679
)
76,978
915,629
—
2,363
—
Voya
Small
Company
Fund
-
Class
R6
1,191,782
51,485
(
55,478
)
13,332
1,201,121
—
1,337
—
Voya
U.S.
High
Dividend
Low
Volatility
Fund
-
Class
R6
1,695,982
23,755
(
1,740,514
)
20,777
—
—
52,473
—
Voya
U.S.
Stock
Index
Portfolio
-
Class
I
8,388,800
2,972,143
(
608,165
)
904,701
11,657,479
—
21,157
—
VY
®
BrandywineGLOBAL
-
Bond
Portfolio
-
Class
I
3,011,401
332,288
(
93,847
)
(
41,635
)
3,208,207
—
(
13,326
)
—
VY
®
T.
Rowe
Price
Growth
Equity
Portfolio
-
Class
I
1,767,377
43,414
(
865,417
)
243,546
1,188,920
—
(
50,503
)
—
$
53,641,563
$
7,124,999
$
(
6,405,489
)
$
1,722,155
$
56,083,228
$
354,131
$
(
138,136
)
$
—
The
financial
statements
for
the
above
mutual
fund[s]
can
be
found
at
www.sec.gov.
PORTFOLIO
OF
INVESTMENTS
as
of
March
31,
2024
(Unaudited)
(continued)
3
Voya
Strategic
Allocation
Conservative
Portfolio
Net
unrealized
appreciation
consisted
of:
Gross
Unrealized
Appreciation
$
4,578,467
Gross
Unrealized
Depreciation
(
2,257,274
)
Net
Unrealized
Appreciation
$
2,321,193